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BUSINESS SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Business Segment Information
Business segment information is presented below (in millions):
 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 2024202320242023
Net sales  
MP$444 $541 $1,463 $1,672 
AWP769 751 2,423 2,262 
Corporate and Other / Eliminations(1)(2)— (5)
Total$1,212 $1,290 $3,886 $3,929 
Income (loss) from operations  
MP$56 $92 $205 $275 
AWP83 93 324 310 
Corporate and Other / Eliminations(17)(22)(56)(64)
Total$122 $163 $473 $521 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
 September 30,
2024
December 31,
2023
Identifiable assets  
MP$2,039 $2,091 
AWP
2,350 2,216 
Corporate and Other / Eliminations(608)(692)
Total$3,781 $3,615 
Revenue from External Customers by Geographic Areas
Geographic net sales information is presented below (in millions):
 
Three Months Ended
September 30, 2024
Three Months Ended
September 30, 2023
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by region 
North America$204 $602 $$809 $243 $533 $$780 
Western Europe108 83 — 191 143 103 — 246 
Asia-Pacific87 43 — 130 105 64 — 169 
Rest of World (1)
45 41 (4)82 50 51 (6)95 
Total (2)
$444 $769 $(1)$1,212 $541 $751 $(2)$1,290 

(1) Includes intercompany sales and eliminations.
(2)     Total sales include $748 million and $717 million for the three months ended September 30, 2024 and 2023, respectively, attributable to the U.S., the Company’s country of domicile.
 
Nine Months Ended
September 30, 2024
Nine Months Ended
September 30, 2023
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by region 
North America$682 $1,809 $$2,497 $752 $1,551 $11 $2,314 
Western Europe360 340 — 700 458 367 — 825 
Asia-Pacific278 139 418 306 176 — 482 
Rest of World (1)
143 135 (7)271 156 168 (16)308 
Total (2)
$1,463 $2,423 $— $3,886 $1,672 $2,262 $(5)$3,929 

(1) Includes intercompany sales and eliminations.
(2)     Total sales include $2.3 billion and $2.1 billion for the nine months ended September 30, 2024 and 2023, respectively, attributable to the U.S., the Company’s country of domicile.
Revenue from External Customers by Products and Services
Product type net sales information is presented below (in millions):
 
Three Months Ended
September 30, 2024
Three Months Ended
September 30, 2023
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by product type
Aerial Work Platforms$— $506 $— $506 $— $528 $$529 
Materials Processing Equipment273 — — 273 372 — — 372 
Specialty Equipment171 — — 171 169 — — 169 
Utility Equipment— 149 — 149 — 143 — 143 
Other (1)
— 114 (1)113 — 80 (3)77 
Total$444 $769 $(1)$1,212 $541 $751 $(2)$1,290 

(1)     Includes other product types, intercompany sales and eliminations.

 
Nine Months Ended
September 30, 2024
Nine Months Ended
September 30, 2023
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by product type 
Aerial Work Platforms$— $1,673 $$1,674 $— $1,597 $$1,599 
Materials Processing Equipment961 — — 961 1,043 — — 1,043 
Specialty Equipment502 — — 502 625 — 626 
Utility Equipment— 450 — 450 — 429 — 429 
Other (1)
— 300 (1)299 236 (8)232 
Total$1,463 $2,423 $— $3,886 $1,672 $2,262 $(5)$3,929