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Business Segment Information (Tables)

6 Months Ended

Mar. 31, 2021

Schedule of Net Sales by Product Lines and Reportable Segments

Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions):

	Three Months Ended March 31,
	2021								2020
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Access Equipment
Aerial work platforms	$	358.2	$	—		$	358.2		$	273.7	$	—		$	273.7
Telehandlers		175.2		—			175.2			217.6		—			217.6
Other		203.2		1.6			204.8			201.7		—			201.7
Total Access Equipment		736.6		1.6			738.2			693.0		—			693.0

Defense ^(a)		614.3		0.4			614.7			626.1		4.9			631.0

Fire & Emergency ^(a)		308.7		3.8			312.5			241.9		0.4			242.3

Commercial
Refuse collection		104.4		—			104.4			115.2		—			115.2
Concrete placement		97.3		—			97.3			89.7		—			89.7
Other		27.1		1.2			28.3			30.1		1.7			31.8
Total Commercial		228.8		1.2			230.0			235.0		1.7			236.7
Corporate and intersegment eliminations ^(a)		0.6		(7.0	)		(6.4	)		0.7		(7.0	)		(6.3	)
Consolidated	$	1,889.0	$	—		$	1,889.0		$	1,796.7	$	—		$	1,796.7

^(a)	Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

	Six Months Ended March 31,
	2021								2020
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Access Equipment
Aerial work platforms	$	636.2	$	—		$	636.2		$	579.7	$	—		$	579.7
Telehandlers		298.1		—			298.1			419.0		—			419.0
Other		364.7		2.9			367.6			412.2		—			412.2
Total Access Equipment		1,299.0		2.9			1,301.9			1,410.9		—			1,410.9

Defense ^(a)		1,164.3		0.7			1,165.0			1,126.0		5.4			1,131.4

Fire & Emergency ^(a)		578.5		7.9			586.4			494.6		4.6			499.2

Commercial
Refuse collection		206.7		—			206.7			231.1		—			231.1
Concrete placement		165.0		—			165.0			165.4		—			165.4
Other		51.3		2.7			54.0			62.4		2.0			64.4
Total Commercial		423.0		2.7			425.7			458.9		2.0			460.9
Corporate and intersegment eliminations ^(a)		0.7		(14.2	)		(13.5	)		1.4		(12.0	)		(10.6	)
Consolidated	$	3,465.5	$	—		$	3,465.5		$	3,491.8	$	—		$	3,491.8

^(a)	Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments

	Three Months Ended March 31,						Six Months Ended March 31,
	2021			2020			2021			2020
Operating income (loss):
Access Equipment ^(a)	$	80.5		$	70.8		$	105.4		$	139.8
Defense ^(b)		35.5			59.7			88.3			90.7
Fire & Emergency ^(b)		47.4			19.0			82.5			49.9
Commercial		18.8			8.1			30.7			25.9
Corporate		(41.4	)		(24.0	)		(70.2	)		(63.6	)
Consolidated		140.8			133.6			236.7			242.7
Interest expense, net of interest income		(11.2	)		(20.7	)		(22.6	)		(32.5	)
Miscellaneous other expense		3.1			(5.8	)		1.6			(6.2	)
Income before income taxes and losses of unconsolidated affiliates	$	132.7		$	107.1		$	215.7		$	204.0

^(a)

Results for the three and six months ended March 31, 2021 include a $1.6 million benefit and a $3.2 million charge for restructuring, respectively. The Company incurred additional charges of $3.8 million and $7.0 million of other costs related to restructuring plans in the three and six months ended March 31, 2021, respectively.

^(b)	Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

Schedule of Identifiable Assets by Business Segments and by Geographical Areas

	March 31, 2021		September 30, 2020
Identifiable assets:
Access Equipment:
U.S.	$	1,991.7	$	2,151.4
Europe, Africa and Middle East		445.8		383.4
Rest of the World		375.3		359.0
Total Access Equipment		2,812.8		2,893.8
Defense: ^(a)
U.S.		1,228.7		1,078.7
Rest of the World		4.8		7.2
Total Defense		1,233.5		1,085.9
Fire & Emergency - U.S. ^(a)		510.5		563.6
Commercial:
U.S.		369.7		370.7
Rest of the World		62.0		47.5
Total Commercial		431.7		418.2
Corporate - U.S. ^(b)		1,355.3		854.4
Consolidated	$	6,343.8	$	5,815.9

^(a)	Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

^(b⁾	Primarily includes cash and short-term investments and the Company’s global headquarters.

Schedule of Net Sales by Geographical Areas

The following table presents net sales by geographic region based on product shipment destination (in millions):

	Three Months Ended March 31, 2021
	Access Equipment		Defense		Fire & Emergency		Commercial		Eliminations			Total
Net sales:
North America	$	555.4	$	551.2	$	296.8	$	228.0	$	(6.4	)	$	1,625.0
Europe, Africa and Middle East		82.8		63.0		13.3		0.5		—			159.6
Rest of the World		100.0		0.5		2.4		1.5		—			104.4
Consolidated	$	738.2	$	614.7	$	312.5	$	230.0	$	(6.4	)	$	1,889.0

	Three Months Ended March 31, 2020
	Access Equipment		Defense ^(a)		Fire & Emergency ^(a)		Commercial		Eliminations ^(a)			Total
Net sales:
North America	$	553.9	$	612.0	$	234.3	$	234.0	$	(6.3	)	$	1,627.9
Europe, Africa and Middle East		84.7		17.7		0.3		0.6		—			103.3
Rest of the World		54.4		1.3		7.7		2.1		—			65.5
Consolidated	$	693.0	$	631.0	$	242.3	$	236.7	$	(6.3	)	$	1,796.7

	Six Months Ended March 31, 2021
	Access Equipment		Defense		Fire & Emergency		Commercial		Eliminations			Total
Net sales:
North America	$	960.7	$	1,045.4	$	549.8	$	422.5	$	(13.5	)	$	2,964.9
Europe, Africa and Middle East		157.2		118.3		26.3		0.7		—			302.5
Rest of the World		184.0		1.3		10.3		2.5		—			198.1
Consolidated	$	1,301.9	$	1,165.0	$	586.4	$	425.7	$	(13.5	)	$	3,465.5

	Six Months Ended March 31, 2020
	Access Equipment		Defense ^(a)		Fire & Emergency ^(a)		Commercial		Eliminations ^(a)			Total
Net sales:
North America	$	1,101.0	$	1,104.8	$	472.7	$	452.8	$	(10.6	)	$	3,120.7
Europe, Africa and Middle East		158.9		23.8		0.7		0.9		—			184.3
Rest of the World		151.0		2.8		25.8		7.2		—			186.8
Consolidated	$	1,410.9	$	1,131.4	$	499.2	$	460.9	$	(10.6	)	$	3,491.8

^(a)	Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.