Oshkosh (OSK) 10-Q 25 Jan 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2017	Jan. 18, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	OSHKOSH CORP
Entity Central Index Key	775,158
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		74,645,959

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net sales	$ 1,586.3	$ 1,211.4
Cost of sales	1,344.1	1,011.7
Gross income	242.2	199.7
Operating expenses:
Selling, general and administrative	157.8	151
Amortization of purchased intangibles	10.6	12.5
Total operating expenses	168.4	163.5
Operating income	73.8	36.2
Other income (expense):
Interest expense	(15.4)	(14.7)
Interest income	1.7	0.8
Miscellaneous, net	0.5	1.3
Income before income taxes and equity in earnings of unconsolidated affiliates	60.6	23.6
Provision for income taxes	4.7	5.2
Income before equity in earnings of unconsolidated affiliates	55.9	18.4
Equity in earnings of unconsolidated affiliates	0.5	0.8
Net income	$ 56.4	$ 19.2
Earnings per share attributable to common shareholders:
Basic earnings per share (in dollars per share)	$ 0.75	$ 0.26
Diluted earnings per share (in dollars per share)	0.74	0.26
Cash dividends declared per share on common stock (in dollars per share)	$ 0.24	$ 0.21

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 56.4	$ 19.2
Other comprehensive income (loss), net of tax:
Employee pension and postretirement benefits	0.5	0.8
Currency translation adjustments	2.1	(30.4)
Total other comprehensive income (loss), net of tax	2.6	(29.6)
Comprehensive income (loss)	$ 59	$ (10.4)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Sep. 30, 2017
Current assets:
Cash and cash equivalents	$ 379.1	$ 447
Receivables, net	1,229.4	1,306.3
Inventories, net	1,219.9	1,198.4
Other current assets	88.2	88.1
Total current assets	2,916.6	3,039.8
Property, plant and equipment, net	458	469.9
Goodwill	1,015.8	1,013
Purchased intangible assets, net	497.3	507.8
Other long-term assets	74.4	68.4
Total assets	4,962.1	5,098.9
Current liabilities:
Revolving credit facilities and current maturities of long-term debt	29.7	23
Accounts payable	554.8	651
Customer advances	551.3	513.4
Payroll-related obligations	129.6	191.8
Other current liabilities	300	303.9
Total current liabilities	1,565.4	1,683.1
Long-term debt, less current maturities	803.4	807.9
Other long-term liabilities	299.9	300.5
Commitments and contingencies
Shareholders' equity:
Preferred Stock ($.01 par value; 2,000,000 shares authorized; none issued and outstanding)	0	0
Common Stock ($.01 par value; 300,000,000 shares authorized; 92,101,465 shares issued)	0.9	0.9
Additional paid-in capital	799.3	802.2
Retained earnings	2,438.2	2,399.8
Accumulated other comprehensive loss	(122.4)	(125)
Common Stock in treasury, at cost (17,477,614 and 17,088,224 shares, respectively)	(822.6)	(770.5)
Total shareholders’ equity	2,293.4	2,307.4
Total liabilities and shareholders' equity	$ 4,962.1	$ 5,098.9

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Sep. 30, 2017
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares authorized	2,000,000	2,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	92,101,465	92,101,465
Common Stock in treasury, shares	17,477,614	17,088,224

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury, at Cost
Balance at Sep. 30, 2016	$ 1,976.5	$ 0.9	$ 782.3	$ 2,177	$ (175)	$ (808.7)
Changes in Equity
Net income	19.2			19.2
Employee pension and postretirement benefits, net of tax	0.8				0.8
Currency translation adjustments	(30.4)				(30.4)
Cash dividends	(15.6)			(15.6)
Exercise of stock options	26.2		5.7			20.5
Stock-based compensation expense	6.5		6.5
Payment of earned performance shares	0		(1.3)			1.3
Shares tendered for taxes on stock-based compensation	(3)					(3)
Other	0.1		(3.1)			3.2
Balance at Dec. 31, 2016	1,980.3	0.9	790.1	2,180.6	(204.6)	(786.7)
Balance at Sep. 30, 2017	2,307.4	0.9	802.2	2,399.8	(125)	(770.5)
Changes in Equity
Net income	56.4			56.4
Employee pension and postretirement benefits, net of tax	0.5				0.5
Currency translation adjustments	2.1				2.1
Cash dividends	(18)			(18)
Repurchases of Common Stock	(63.7)					(63.7)
Exercise of stock options	8.6		(1.8)			10.4
Stock-based compensation expense	7.5		7.5
Payment of earned performance shares	0		(2.7)			2.7
Shares tendered for taxes on stock-based compensation	(7.4)					(7.4)
Other	0		(5.9)			5.9
Balance at Dec. 31, 2017	$ 2,293.4	$ 0.9	$ 799.3	$ 2,438.2	$ (122.4)	$ (822.6)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Stockholders' Equity [Abstract]
Employee pension and postretirement benefits, net of tax	$ 0.2	$ 0.5
Cash dividends declared per share on common stock (in dollars per share)	$ 0.24	$ 0.21

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net income	$ 56.4	$ 19.2
Depreciation and amortization	31.4	32.1
Stock-based compensation expense	7.5	6.5
Deferred income taxes	(27.8)	8.4
Gain on sale of assets	(0.6)	(0.3)
Foreign currency transaction (gains) losses	(0.8)	0.4
Other non-cash adjustments	0.9	0.8
Changes in operating assets and liabilities	(37.8)	16.7
Net cash provided by operating activities	29.2	83.8
Investing activities:
Additions to property, plant and equipment	(18.7)	(14.2)
Additions to equipment held for rental	(1.2)	(12.9)
Proceeds from sale of equipment held for rental	2.5	5.3
Other investing activities	(0.8)	(0.2)
Net cash used by investing activities	(18.2)	(22)
Financing activities:
Proceeds from issuance of debt (original maturities greater than three months)	6.5	0
Repayments of debt (original maturities greater than three months)	(5)	(20)
Repurchases of Common Stock	(71.1)	(3)
Dividends paid	(18)	(15.6)
Proceeds from exercise of stock options	8.6	26.2
Net cash used by financing activities	(79)	(12.4)
Effect of exchange rate changes on cash	0.1	(1.7)
Increase (decrease) in cash and cash equivalents	(67.9)	47.7
Cash and cash equivalents at beginning of period	447	321.9
Cash and cash equivalents at end of period	379.1	369.6
Supplemental disclosures:
Cash paid for interest	6.8	6.6
Cash paid for income taxes	$ 0.8	$ 22.5

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments (which include normal recurring adjustments, unless otherwise noted) necessary to present fairly the financial position, results of operations and cash flows for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. These Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K of Oshkosh Corporation for the year ended September 30, 2017 . The interim results are not necessarily indicative of results for the full year. “Oshkosh” refers to Oshkosh Corporation not including its subsidiaries and “the Company” refers to Oshkosh Corporation and its subsidiaries.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) , and the FASB has since issued several amendments to this standard, which clarifies the principles for recognizing revenue. This guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard supersedes all existing U.S. GAAP guidance on revenue recognition and is expected to require the use of more judgment and result in additional disclosures. The new standard is effective for annual reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company plans to adopt the standard on October 1, 2018. The Company has elected to adopt the new revenue recognition standard following the modified retrospective approach, as permitted by the standard. This approach will result in an adjustment to retained earnings for the cumulative effect of initially applying the new standard on its adoption date. The Company has assembled a cross-functional team with representation from all segments that is dedicated to the implementation of this new accounting standard. The team, with the support of a project management office, is focused on executing a multi-phase plan that will culminate with the adoption of the standard. The cross-functional team focused on concluding and documenting key accounting positions during the three months ended December 31, 2017. The Company's Audit Committee has been receiving regular briefings on the implementation team's progress and potential implications related to adoption of the new standard. The internal control and process changes necessary to comply with the requirements of the new standard as well as its financial impact remain under evaluation. In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330), Simplifying the Measurement of Inventory . ASU 2015-11 is part of the FASB’s initiative to simplify accounting standards. The guidance requires an entity to recognize inventory within the scope of the standard at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted ASU 2015-11 on October 1, 2017. The adoption of ASU 2015-11 did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to reflect most leases on their balance sheet as lease liabilities with a corresponding right-of-use asset, while leaving presentation of lease expense in the statement of income largely unchanged. The standard also eliminates the real-estate specific provisions that exist under current U.S. GAAP and modifies the classification criteria and accounting lessors must apply to sales-type and direct financing leases. The Company will be required to adopt ASU 2016-02 as of October 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-02 on the Company's consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments . The standard requires a change in the measurement approach for credit losses on financial assets measured on an amortized cost basis from an incurred loss method to an expected loss method, thereby eliminating the requirement that a credit loss be considered probable to impact the valuation of a financial asset measured on an amortized cost basis. The standard requires the measurement of expected credit losses to be based on relevant information about past events, including historical experience, current conditions, and a reasonable and supportable forecast that affects the collectibility of the related financial asset. The Company will be required to adopt ASU 2016-13 as of October 1, 2020. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-13 on the Company's consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740), Intra-Entity Transfers of Assets Other Than Inventory . The standard requires that an entity recognize the income tax consequences of an intra-entity transfer of an asset when the transfer occurs as opposed to when the asset is transferred to an outside party as required under current U.S. GAAP. The standard does not apply to intra-entity transfers of inventory, which will continue to follow current U.S. GAAP. The Company will be required to adopt ASU 2016-16 as of October 1, 2018. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-16 on the Company's consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment. The standard simplifies the measurement of goodwill impairment by eliminating the requirement that an entity compute the implied fair value of goodwill based on the fair values of its assets and liabilities to measure impairment. Instead, goodwill impairment will be measured as the difference between the fair value of the reporting unit and the carrying value of the reporting unit. The standard also clarifies the treatment of the income tax effect of tax deductible goodwill when measuring goodwill impairment loss. The Company will be required to adopt ASU 2017-04 as of October 1, 2020. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2017-04 on the Company's consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, Compensation - Retirement Benefits (Topic 715), Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The standard requires that an entity report the service cost component of net periodic pension and postretirement cost in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The remaining components of net benefit costs are required to be presented in the income statement separately from the service component and outside a subtotal of income from operations, if one is presented. The amendment further allows only the service cost component of net periodic pension and postretirement costs to be eligible for capitalization, when applicable. The Company will be required to adopt ASU 2017-07 as of October 1, 2018. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2017-07 on the Company's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities . The standard more closely aligns hedge accounting with risk management strategies, simplifies the application of hedge accounting, and increases transparency as to the scope and results of hedging programs. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The Company adopted ASU 2017-12 on October 1, 2017. The adoption of ASU 2017-12 did not have a material impact on the Company's consolidated financial statements.

Receivables

Receivables	3 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Receivables	Receivables Receivables consisted of the following (in millions): December 31, September 30, 2017 2017 U.S. government: Amounts billed $ 64.3 $ 137.8 Costs and profits not billed 233.4 137.9 297.7 275.7 Other trade receivables 890.7 985.4 Finance receivables 13.9 5.8 Notes receivable 24.8 34.2 Other receivables 43.0 46.3 1,270.1 1,347.4 Less allowance for doubtful accounts (14.5 ) (18.3 ) $ 1,255.6 $ 1,329.1 Classification of receivables in the Condensed Consolidated Balance Sheets consisted of the following (in millions): December 31, September 30, 2017 2017 Current receivables $ 1,229.4 $ 1,306.3 Long-term receivables (included in “Other long-term assets”) 26.2 22.8 $ 1,255.6 $ 1,329.1 Finance and notes receivable aging and accrual status consisted of the following (in millions): Finance Receivables Notes Receivable December 31, 2017 September 30, 2017 December 31, 2017 September 30, 2017 Aging of receivables that are past due: Greater than 30 days and less than 60 days $ — $ — $ — $ — Greater than 60 days and less than 90 days — — — — Greater than 90 days 2.1 2.1 0.2 0.2 Receivables on nonaccrual status 3.6 3.7 20.1 21.3 Receivables past due 90 days or more and still accruing — — — — Receivables subject to general reserves 1.8 2.1 — — Allowance for doubtful accounts (0.1 ) — — — Receivables subject to specific reserves 12.1 3.7 24.8 34.2 Allowance for doubtful accounts (1.4 ) (1.5 ) (6.1 ) (10.0 ) Finance Receivables: Finance receivables represent sales-type leases resulting from the sale of the Company's products and the purchase of finance receivables from lenders pursuant to customer defaults under program agreements with finance companies. Finance receivables originated by the Company generally include a residual value component. Residual values are determined based on the expectation that the underlying equipment will have a minimum fair market value at the end of the lease term. This residual value accrues to the Company at the end of the lease. The Company uses its experience and knowledge as an original equipment manufacturer and participant in end markets for the related products along with third-party studies to estimate residual values. The Company monitors these values for impairment on a periodic basis and reflects any resulting reductions in value in current earnings. Delinquency is the primary indicator of credit quality of finance receivables. The Company maintains a general allowance for finance receivables considered doubtful of future collection based upon historical experience. Additional allowances are established based upon the Company’s perception of the quality of the finance receivables, including the length of time the receivables are past due, past experience of collectibility and underlying economic conditions. In circumstances where the Company believes collectibility is no longer reasonably assured, a specific allowance is recorded to reduce the net recognized receivable to the amount reasonably expected to be collected. Finance receivables are written off if management determines that the specific borrower does not have the ability to repay the loan amounts due in full. The terms of the finance agreements generally give the Company the ability to take possession of the underlying collateral. The Company may incur losses in excess of recorded allowances if the financial condition of its customers were to deteriorate or the full amount of any anticipated proceeds from the sale of the collateral supporting its customers’ financial obligations is not realized. Notes Receivable: Notes receivable include amounts related to refinancing of trade accounts and finance receivables. As of December 31, 2017 , approximately 70% of the notes receivable balance outstanding was due from two parties. The Company routinely evaluates the creditworthiness of its customers and establishes reserves where the Company believes collectibility is no longer reasonably assured. Certain notes receivable are collateralized by a security interest in the underlying assets and/or other assets owned by the debtor. The Company may incur losses in excess of recorded allowances if the financial condition of its customers were to deteriorate or the full amount of any anticipated proceeds from the sale of the collateral supporting its customers' financial obligations is not realized. Quality of Finance and Notes Receivable: The Company does not accrue interest income on finance and notes receivable in circumstances where the Company believes collectibility is no longer reasonably assured. Any cash payments received on nonaccrual finance and notes receivable are applied first to the principal balances. The Company does not resume accrual of interest income until the customer has shown that it is capable of meeting its financial obligations by making timely payments over a sustained period of time. The Company determines past due or delinquency status based upon the due date of the receivable. Receivables subject to specific reserves also include loans that the Company has modified in troubled debt restructurings as a concession to customers experiencing financial difficulty. To minimize the economic loss, the Company may modify certain finance and notes receivable. Modifications generally consist of restructured payment terms and time frames in which no payments are required. At December 31, 2017 , restructured finance and notes receivables were $3.0 million and $6.1 million , respectively. Losses on troubled debt restructurings were not significant during the three months ended December 31, 2017 and 2016 . Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions): Three Months Ended December 31, 2017 Three Months Ended December 31, 2016 Finance Notes Trade and Other Total Finance Notes Trade and Other Total Allowance for doubtful accounts at beginning of period $ 1.5 $ 10.0 $ 6.8 $ 18.3 $ 1.0 $ 13.0 $ 7.2 $ 21.2 Provision for doubtful accounts, net of recoveries — (4.0 ) 0.2 (3.8 ) 1.1 (0.6 ) (0.5 ) — Charge-off of accounts — — (0.1 ) (0.1 ) — (0.1 ) (0.2 ) (0.3 ) Foreign currency translation — 0.1 — 0.1 — (0.7 ) — (0.7 ) Allowance for doubtful accounts at end of period $ 1.5 $ 6.1 $ 6.9 $ 14.5 $ 2.1 $ 11.6 $ 6.5 $ 20.2

Inventories

Inventories	3 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in millions): December 31, September 30, 2017 2017 Raw materials $ 606.0 $ 578.1 Partially finished products 347.3 336.6 Finished products 378.5 398.1 Inventories at FIFO cost 1,331.8 1,312.8 Less: Progress/performance-based payments on U.S. government contracts (27.6 ) (31.6 ) Excess of FIFO cost over LIFO cost (84.3 ) (82.8 ) $ 1,219.9 $ 1,198.4 Title to all inventories related to U.S. government contracts, which provide for progress or performance-based payments, vests with the U.S. government to the extent of unliquidated progress or performance-based payments.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consisted of the following (in millions): December 31, September 30, 2017 2017 Land and land improvements $ 58.1 $ 58.5 Buildings 298.2 298.5 Machinery and equipment 657.6 652.2 Software and related costs 151.7 149.6 Equipment on operating lease to others 28.8 30.0 1,194.4 1,188.8 Less accumulated depreciation (736.4 ) (718.9 ) $ 458.0 $ 469.9 Depreciation expense was $20.1 million and $18.9 million for the three months ended December 31, 2017 and 2016 , respectively. Capitalized interest was insignificant for all reported periods. Equipment on operating lease to others represents the cost of equipment shipped to customers for whom the Company has guaranteed the residual value and equipment on short-term leases. These transactions are accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic lives of five to ten years. Cost less accumulated depreciation for equipment on operating lease at December 31, 2017 and September 30, 2017 was $19.8 million and $21.6 million , respectively.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	3 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Purchased Intangible Assets	Goodwill and Purchased Intangible Assets Goodwill and other indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually or more frequently if potential interim indicators exist that could result in impairment. The Company performs its annual impairment test in the fourth quarter of its fiscal year. The following table presents changes in goodwill during the three months ended December 31, 2017 (in millions): Access Equipment Fire & Emergency Commercial Total Net goodwill at September 30, 2017 $ 885.9 $ 106.1 $ 21.0 $ 1,013.0 Foreign currency translation 2.9 — (0.1 ) 2.8 Net goodwill at December 31, 2017 $ 888.8 $ 106.1 $ 20.9 $ 1,015.8 The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions): December 31, 2017 September 30, 2017 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Access equipment $ 1,820.9 $ (932.1 ) $ 888.8 $ 1,818.0 $ (932.1 ) $ 885.9 Fire & emergency 108.1 (2.0 ) 106.1 108.1 (2.0 ) 106.1 Commercial 196.8 (175.9 ) 20.9 196.9 (175.9 ) 21.0 $ 2,125.8 $ (1,110.0 ) $ 1,015.8 $ 2,123.0 $ (1,110.0 ) $ 1,013.0 Details of the Company’s total purchased intangible assets are as follows (in millions): December 31, 2017 Weighted- Average Life (in years) Gross Accumulated Amortization Net Amortizable intangible assets: Distribution network 39.1 $ 55.4 $ (29.8 ) $ 25.6 Technology-related 11.9 104.7 (101.2 ) 3.5 Customer relationships 12.8 555.0 (476.3 ) 78.7 Other 16.4 16.5 (14.8 ) 1.7 14.4 731.6 (622.1 ) 109.5 Non-amortizable trade names 387.8 — 387.8 $ 1,119.4 $ (622.1 ) $ 497.3 September 30, 2017 Weighted- Average Life (in years) Gross Accumulated Amortization Net Amortizable intangible assets: Distribution network 39.1 $ 55.4 $ (29.5 ) $ 25.9 Technology-related 11.9 104.7 (99.7 ) 5.0 Customer relationships 12.8 555.0 (467.6 ) 87.4 Other 16.3 16.4 (14.7 ) 1.7 14.4 731.5 (611.5 ) 120.0 Non-amortizable trade names 387.8 — 387.8 $ 1,119.3 $ (611.5 ) $ 507.8 The estimated future amortization expense of purchased intangible assets for the remainder of fiscal 2018 and the five years succeeding September 30, 2018 are as follows: 2018 (remaining nine months) - $27.7 million ; 2019 - $36.9 million ; 2020 - $11.0 million ; 2021 - $5.3 million ; 2022 - $4.9 million ; and 2023 - $3.5 million .

Credit Agreements

Credit Agreements	3 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Credit Agreements	Credit Agreements The Company was obligated under the following debt instruments (in millions): December 31, 2017 Principal Debt Issuance Costs Debt, Net Senior Secured Term Loan $ 330.0 $ (0.7 ) $ 329.3 5.375% Senior Notes due March 2022 250.0 (3.3 ) 246.7 5.375% Senior Notes due March 2025 250.0 (2.6 ) 247.4 $ 830.0 $ (6.6 ) 823.4 Less current maturities (20.0 ) $ 803.4 Other short-term debt $ 9.7 Current maturities of long-term debt 20.0 $ 29.7 September 30, 2017 Principal Debt Issuance Costs Debt, Net Senior Secured Term Loan $ 335.0 $ (0.8 ) $ 334.2 5.375% Senior Notes due March 2022 250.0 (3.5 ) 246.5 5.375% Senior Notes due March 2025 250.0 (2.8 ) 247.2 $ 835.0 $ (7.1 ) 827.9 Less current maturities (20.0 ) $ 807.9 Other short-term debt $ 3.0 Current maturities of long-term debt 20.0 $ 23.0 In March 2014, the Company entered into an Amended and Restated Credit Agreement with various lenders (the “Credit Agreement”). The Credit Agreement provides for (i) a revolving credit facility (Revolving Credit Facility) that matures in March 2019 with an initial maximum aggregate amount of availability of $600 million and (ii) a $400 million term loan (Term Loan) due in quarterly principal installments of $5 million with a balloon payment of $310 million due at maturity in March 2019. In January 2015, the Company entered into an agreement with lenders under the Credit Agreement that increased the Revolving Credit Facility to an aggregate maximum amount of $850 million . At December 31, 2017 , outstanding letters of credit of $94.9 million reduced available capacity under the Revolving Credit Facility to $755.1 million . The Company’s obligations under the Credit Agreement are guaranteed by certain of its domestic subsidiaries, and the Company will guarantee the obligations of certain of its subsidiaries under the Credit Agreement. Subject to certain exceptions, the Credit Agreement is collateralized by (i) a first-priority perfected lien and security interests in substantially all of the personal property of the Company, each material subsidiary of the Company and each subsidiary guarantor, (ii) mortgages upon certain real property of the Company and certain of its domestic subsidiaries and (iii) a pledge of the equity of each material subsidiary of the Company. Under the Credit Agreement, the Company must pay (i) an unused commitment fee ranging from 0.225% to 0.35% per annum of the average daily unused portion of the aggregate revolving credit commitments under the Credit Agreement and (ii) a fee ranging from 0.625% to 2.00% per annum of the maximum amount available to be drawn for each letter of credit issued and outstanding under the Credit Agreement. Borrowings under the Credit Agreement bear interest at a variable rate equal to (i) LIBOR plus a specified margin , which may be adjusted upward or downward depending on whether certain criteria are satisfied, or (ii) for dollar-denominated loans only, the base rate (which is the highest of (a) the administrative agent’s prime rate, (b) the federal funds rate plus 0.50% or (c) the sum of 1% plus one-month LIBOR ) plus a specified margin, which may be adjusted upward or downward depending on whether certain criteria are satisfied. At December 31, 2017 , the interest spread on the Revolving Credit Facility and Term Loan was 150 basis points . The weighted-average interest rate on borrowings outstanding under the Term Loan at December 31, 2017 was 2.85% . The Credit Agreement contains various restrictions and covenants, including requirements that the Company maintain certain financial ratios at prescribed levels and restrictions, subject to certain exceptions, on the ability of the Company and certain of its subsidiaries to consolidate or merge, create liens, incur additional indebtedness, dispose of assets, consummate acquisitions and make investments in joint ventures and foreign subsidiaries. The Credit Agreement contains the following financial covenants: • Leverage Ratio: A maximum leverage ratio (defined as, with certain adjustments, the ratio of the Company’s consolidated indebtedness to consolidated net income before interest, taxes, depreciation, amortization, non-cash charges and certain other items (EBITDA)) as of the last day of any fiscal quarter of 4.50 to 1.00 . • Interest Coverage Ratio: A minimum interest coverage ratio (defined as, with certain adjustments, the ratio of the Company’s consolidated EBITDA to the Company’s consolidated cash interest expense) as of the last day of any fiscal quarter of 2.50 to 1.00 . • Senior Secured Leverage Ratio: A maximum senior secured leverage ratio (defined as, with certain adjustments, the ratio of the Company’s consolidated secured indebtedness to the Company’s consolidated EBITDA) of 3.00 to 1.00 . With certain exceptions, the Company may elect to have the collateral pledged in connection with the Credit Agreement released during any period that the Company maintains an investment grade corporate family rating from either S&P Global Ratings or Moody’s Investor Service. During any such period when the collateral has been released, the Company’s leverage ratio as of the last day of any fiscal quarter must not be greater than 3.75 to 1.00 , and the Company would not be subject to any additional requirement to limit its senior secured leverage ratio. The Company was in compliance with the financial covenants contained in the Credit Agreement as of December 31, 2017 . Additionally, with certain exceptions, the Credit Agreement limits the ability of the Company to pay dividends and other distributions, including repurchases of shares of its Common Stock. However, so long as no event of default exists under the Credit Agreement or would result from such payment, the Company may pay dividends and other distributions after March 3, 2010 in an aggregate amount not exceeding the sum of: i. 50% of the consolidated net income of the Company and its subsidiaries (or if such consolidated net income is a deficit, minus 100% of such deficit), accrued on a cumulative basis during the period beginning on January 1, 2010 and ending on the last day of the fiscal quarter immediately preceding the date of the applicable proposed dividend or distribution; and ii. 100% of the aggregate net proceeds received by the Company subsequent to March 3, 2010 either as a contribution to its common equity capital or from the issuance and sale of its Common Stock. In February 2014, the Company issued $250.0 million of 5.375% unsecured senior notes due March 1, 2022 (the “2022 Senior Notes”). In March 2015, the Company issued $250.0 million of 5.375% unsecured senior notes due March 1, 2025 (the “2025 Senior Notes”). The proceeds of both note issuances were used to repay existing outstanding notes of the Company. The Company has the option to redeem the 2022 Senior Notes and the 2025 Senior Notes for a premium after March 1, 2017 and March 1, 2020, respectively. The 2022 Senior Notes and the 2025 Senior Notes were issued pursuant to separate indentures (the “Indentures”) among the Company, the subsidiary guarantors named therein and a trustee. The Indentures contain customary affirmative and negative covenants. Certain of the Company’s subsidiaries jointly, severally, fully and unconditionally guarantee the Company’s obligations under the 2022 Senior Notes and 2025 Senior Notes. See Note 20 of the Notes to Condensed Consolidated Financial Statements for separate financial information of the subsidiary guarantors. The fair value of the long-term debt is estimated based upon Level 2 inputs to reflect market rate of the Company’s debt. At December 31, 2017 , the fair value of the 2022 Senior Notes and the 2025 Senior Notes was estimated to be $257 million ( $260 million at September 30, 2017 ) and $264 million ( $264 million at September 30, 2017 ), respectively. The fair value of the Term Loan approximated book value at both December 31, 2017 and September 30, 2017 . See Note 11 of the Notes to Condensed Consolidated Financial Statements for the definition of a Level 2 input.

Warranties

Warranties	3 Months Ended
	Dec. 31, 2017
Product Warranties Disclosures [Abstract]
Warranties	Warranties The Company’s products generally carry explicit warranties that extend from six months to five years, based on terms that are generally accepted in the marketplace. Selected components (such as engines, transmissions, tires, etc.) included in the Company’s end products may include manufacturers’ warranties. These manufacturers’ warranties are generally passed on to the end customer of the Company’s products, and the customer would generally deal directly with the component manufacturer. The Company offers a variety of extended warranty programs. The premiums received for an extended warranty are generally deferred until after the expiration of the standard warranty period. The unearned premium is then recognized in income over the term of the extended warranty period in proportion to the costs that are expected to be incurred. Unamortized extended warranty premiums totaled $30.8 million and $29.4 million at December 31, 2017 and 2016 , respectively. Changes in the Company’s warranty liability and unearned extended warranty premiums were as follows (in millions): Three Months Ended 2017 2016 Balance at beginning of period $ 98.8 $ 89.6 Warranty provisions 12.0 10.7 Settlements made (12.8 ) (11.9 ) Changes in liability for pre-existing warranties, net 1.2 (1.1 ) Premiums received 2.6 2.8 Amortization of premiums received (2.6 ) (2.9 ) Foreign currency translation 0.1 (1.0 ) Balance at end of period $ 99.3 $ 86.2 Provisions for estimated warranty and other related costs are recorded at the time of sale and are periodically adjusted to reflect actual experience. Certain warranty and other related claims involve matters of dispute that ultimately are resolved by negotiation, arbitration or litigation. At times, warranty issues arise that are beyond the scope of the Company's historical experience. It is reasonably possible that additional warranty and other related claims could arise from disputes or other matters in excess of amounts accrued; however, the Company does not expect that any such amounts, while not determinable, would have a material effect on the Company's consolidated financial condition, results of operations or cash flows.

Guarantee Arrangements

Guarantee Arrangements	3 Months Ended
	Dec. 31, 2017
Guarantees [Abstract]
Guarantee Arrangements	Guarantee Arrangements The Company is party to multiple agreements whereby at December 31, 2017 it guaranteed an aggregate of $665.3 million in indebtedness of customers. The Company estimated that its maximum loss exposure under these contracts at December 31, 2017 was $122.8 million . Under the terms of these and various related agreements and upon the occurrence of certain events, the Company generally has the ability to, among other things, take possession of the underlying collateral. If the financial condition of the customers were to deteriorate and result in their inability to make payments, then loss provisions in excess of amounts provided for at inception may be required. While the Company does not expect to experience losses under these agreements that are materially in excess of the amounts reserved, it cannot provide any assurance that the financial condition of the third parties will not deteriorate resulting in the third parties ’ inability to meet their obligations. In the event that this occurs, the Company cannot guarantee that the collateral underlying the agreements will be sufficient to avoid losses materially in excess of the amounts reserved. Any losses under these guarantees would generally be mitigated by the value of any underlying collateral, including financed equipment, and are generally subject to the finance company's ability to provide the Company clear title to foreclosed equipment and other conditions. During periods of economic weakness, collateral values generally decline and can contribute to higher exposure to losses. Changes in the Company’s credit guarantee liability were as follows (in millions): Three Months Ended 2017 2016 Balance at beginning of period $ 9.1 $ 8.4 Provision for new credit guarantees 1.3 0.6 Changes for pre-existing guarantees, net — 0.1 Amortization of previous guarantees (0.6 ) (0.5 ) Foreign currency translation — (0.1 ) Balance at end of period $ 9.8 $ 8.5

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders' Equity On August 31, 2015, the Company's Board of Directors increased the Company's Common Stock repurchase authorization by 10,000,000 shares, increasing the repurchase authorization to 10,299,198 shares. The Company repurchased 748,000 shares of Common Stock under this authorization during the three months ended December 31, 2017 at a cost of $63.7 million . The Company did not repurchase any shares under this authorization during the three months ended December 31, 2016. As of December 31, 2017 , the Company repurchased 3,534,624 shares under this authorization at a cost of $175.7 million . The Company had 6,764,574 shares of Common Stock remaining under this repurchase authorization as of December 31, 2017 . The Company is restricted by its Credit Agreement from repurchasing shares in certain situations. See Note 7 of the Notes to Condensed Consolidated Financial Statements for information regarding these restrictions.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement FASB Accounting Standards Codification (ASC) Topic 820, Fair Value Measurements and Disclosures , defines fair value as the price that would be received to sell an asset or paid to transfer a liability (i.e., exit price) in an orderly transaction between market participants at the measurement date. FASB ASC Topic 820 requires disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation. Level 1 provides the most reliable measure of fair value, while Level 3 generally requires significant management judgment. The three levels are defined as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than quoted prices in active markets for identical assets or liabilities, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. Level 3: Unobservable inputs reflecting management's own assumptions about the inputs used in pricing the asset or liability. There were no transfers of assets between levels during the three months ended December 31, 2017 . The fair values of the Company’s financial assets and liabilities were as follows (in millions): Level 1 Level 2 Level 3 Total December 31, 2017 Assets: SERP plan assets (a) $ 22.2 $ — $ — $ 22.2 Foreign currency exchange derivatives (b) — 0.8 — 0.8 Interest rate contracts (c) — 0.3 — 0.3 Liabilities: Foreign currency exchange derivatives (b) $ — $ 0.9 $ — $ 0.9 Interest rate contracts (c) — 0.2 — 0.2 September 30, 2017 Assets: SERP plan assets (a) $ 21.7 $ — $ — $ 21.7 Foreign currency exchange derivatives (b) — 0.5 — 0.5 Interest rate contracts (c) — 0.3 — 0.3 Liabilities: Foreign currency exchange derivatives (b) $ — $ 1.2 $ — $ 1.2 Interest rate contracts (c) — 0.7 — 0.7 _________________________ (a) Represents investments in a rabbi trust for the Company's non-qualified supplemental executive retirement plan (SERP). The fair values of these investments are determined using a market approach. Investments include mutual funds for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income. (b) Based on observable market transactions of forward currency prices. (c) Based on observable market transactions of interest rate swap prices.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation In February 2017, the Company’s shareholders approved the 2017 Incentive Stock and Awards Plan (the “2017 Stock Plan”). The 2017 Stock Plan replaced the 2009 Incentive Stock and Awards Plan (as amended, the “2009 Stock Plan”). While no new awards will be granted under the 2009 Stock Plan or its predecessor, the 2004 Incentive Stock and Awards Plan, awards previously made under these two plans that were outstanding as of the approval date of the 2017 Stock Plan will remain outstanding and continue to be governed by the provisions of the respective stock plan under which they were issued. At December 31, 2017 , the Company had reserved 8,175,910 shares of Common Stock available for issuance to provide for the exercise of outstanding stock options and the issuance of Common Stock under incentive compensation awards, including awards issued prior to the effective date of the 2017 Stock Plan. The Company recognizes stock-based compensation expense over the requisite service period for vesting of an award, or to an employee's eligible retirement date, if earlier and applicable. Total stock-based compensation expense, including cash-based liability awards, for the three months ended December 31, 2017 and 2016 was $8.5 million ( $6.6 million net of tax) and $7.9 million ( $5.0 million net of tax), respectively.

Restructuring and Other Charges

Restructuring and Other Charges	3 Months Ended
	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges	Restructuring and Other Charges In September 2016, the Company committed to transition its access equipment aftermarket parts distribution network to a third party logistics company. This initiative is intended to improve customer service levels, increase operational efficiency and allow the Company to reallocate resources to invest in future growth. The Company expected to incur cash charges related to severance costs and other employment-related benefits of approximately $3.0 million related to this decision, of which $0.2 million and $0.7 million was incurred in the three months ended December 31, 2017 and December 31, 2016 , respectively. In January 2017, the access equipment segment announced it had committed to certain restructuring plans as part of simplification activities in support of the Company’s MOVE strategy. The plans include the closure of its manufacturing plant and pre-delivery inspection facilities in Belgium, the streamlining of telehandler product offerings to a reduced range in Europe, the transfer of remaining European telehandler manufacturing to the Company’s facility in Romania and reductions in engineering staff supporting European telehandlers, including the closure of the UK-based engineering facility. The announced plans also include the move of North American telehandler production from Ohio to facilities in Pennsylvania. The Company recognized $3.1 million of restructuring costs under this program in the three months ended December 31, 2017 and expects another $4 million to be recognized in fiscal 2018. The Company had originally expected total implementation costs for the September 2016 and January 2017 access equipment segment restructuring actions to be between $48 million and $53 million . The Company made significant progress on implementing these actions in fiscal 2017 however, during the three months ended December 31, 2017 , the Company experienced issues that caused operational inefficiencies resulting in additional costs. The Company now expects total costs for these actions to be approximately $73 million , including approximately $30 million of operating costs. During the three months ended December 31, 2017 , the access equipment segment recognized $13.0 million of operational costs related to these actions, and the Company expects another $6 million to be recognized in fiscal 2018. In December 2017, the commercial segment announced it will undertake certain restructuring actions to realign a portion of the business under three product platforms. The Company expects to incur approximately $4.0 million of total restructuring-related costs in connection with the plan, which primarily consists of employee severance and termination benefits costs and one-time costs associated with the exit of underperforming branch facilities. The Company recognized $2.5 million of the costs in the three months ended December 31, 2017 and expects the remaining amount to be recognized in fiscal 2018. Pre-tax restructuring charges for the three months ended December 31, 2017 were as follows (in millions): Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 3.3 $ — $ 3.3 Commercial 0.6 1.9 2.5 Total $ 3.9 $ 1.9 $ 5.8 Pre-tax restructuring charges for the three months ended December 31, 2016 were as follows (in millions): Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 0.7 $ — $ 0.7 Commercial — 0.4 0.4 Total $ 0.7 $ 0.4 $ 1.1 Changes in the Company's restructuring reserves, included within “ Other current liabilities ” in the Condensed Consolidated Balance Sheets, were as follows (in millions): Employee Severance and Termination Benefits Property, Plant and Equipment Impairment Other Costs Total Balance at September 30, 2017 $ 19.8 $ — $ 1.0 $ 20.8 Restructuring provision 3.7 1.0 1.1 5.8 Utilized - cash (7.0 ) — (1.0 ) (8.0 ) Utilized - noncash — (1.0 ) — (1.0 ) Foreign currency translation 0.3 — — 0.3 Balance at December 31, 2017 $ 16.8 $ — $ 1.1 $ 17.9 Employee Severance and Termination Benefits Balance at September 30, 2016 $ 0.9 Restructuring provision 1.1 Utilized - cash (0.3 ) Balance at December 31, 2016 $ 1.7

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Dec. 31, 2017
Defined Benefit Plan [Abstract]
Employee Benefit Plans	Employee Benefit Plans Components of net periodic pension benefit cost were as follows (in millions): Three Months Ended 2017 2016 Components of net periodic benefit cost Service cost $ 3.1 $ 3.3 Interest cost 4.5 4.4 Expected return on plan assets (5.0 ) (4.5 ) Amortization of prior service cost 0.4 0.4 Amortization of net actuarial loss 0.5 1.0 Net periodic benefit cost $ 3.5 $ 4.6 Components of net periodic other post-employment benefit cost were as follows (in millions): Three Months Ended 2017 2016 Components of net periodic benefit cost Service cost $ 0.9 $ 0.6 Interest cost 0.5 0.4 Amortization of prior service cost (0.2 ) (0.2 ) Amortization of net actuarial loss — 0.1 Net periodic benefit cost $ 1.2 $ 0.9

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded income tax expense of $4.7 million for the three months ended December 31, 2017 , or 7.8% of pre-tax income, compared to $5.2 million , or 21.8% of pre-tax income, for the three months ended December 31, 2016 . Results for the three months ended December 31, 2017 were favorably impacted by $10.3 million of net discrete tax benefits, including a $3.3 million benefit related to share-based compensation tax deductions, and a $6.5 million net benefit related to new tax legislation in the United States. Results for the three months ended December 31, 2016 were favorably impacted by $2.8 million of discrete tax benefits, including $2.1 million of tax benefits related to the release of valuation allowances on deferred tax assets for state net operating loss carryforwards and $0.7 million related to the release of valuation allowances on deferred taxes on federal capital loss carryforwards. On December 22, 2017, the U.S. Tax Cuts and Jobs Act (the “Tax Reform Act”) was signed into law by President Trump. The Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018, while also repealing the deduction for domestic production activities, implementing a territorial tax system and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. U.S. GAAP requires that the impact of tax legislation be recognized in the period in which the law was enacted. As a result of the Tax Reform Act, the Company recorded a tax benefit of $23.9 million due to a remeasurement of deferred tax assets and liabilities and a tax charge of $17.4 million due to the transition tax on deemed repatriation of deferred foreign income, in the three months ended December 31, 2017 . Both of the tax benefit and the tax charge represent provisional amounts and the Company’s current best estimates. Any adjustments recorded to the provisional amounts through the first quarter of fiscal 2019 will be included in income from operations as an adjustment to tax expense. The provisional amounts incorporate assumptions made based upon the Company’s current interpretation of the Tax Reform Act and may change as the Company receives additional clarification and implementation guidance. Because of the complexity of the new Global Intangible Low-Taxed Income (GILTI) tax rules, the Company continues to evaluate this provision of the Tax Reform Act and the application of ASC 740, Income Taxes . Under U.S. GAAP, the Company is allowed to make an accounting policy choice of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factoring such amounts into the Company's measurement of its deferred taxes (the “deferred method”). The Company's selection of an accounting policy with respect to the new GILTI tax rules will depend, in part, on analyzing its global income to determine whether it expects to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. Whether the Company expects to have future U.S. inclusions in taxable income related to GILTI depends on not only the Company's current structure and estimated future results of global operations, but also its intent and ability to modify its structure. The Company's currently in the process of analyzing its structure and, as a result, is not yet able to reasonably estimate the effect of this provision of the Tax Reform Act. Therefore, the Company has not made any adjustments related to potential GILTI tax in its financial statements and has not made a policy decision regarding whether to record deferred tax on GILTI. The Company’s liability for gross unrecognized tax benefits, excluding related interest and penalties, was $37.3 million and $37.2 million as of December 31, 2017 and September 30, 2017 , respectively. As of December 31, 2017 , net unrecognized tax benefits, excluding interest and penalties, of $21.1 million would affect the Company’s net income if recognized. The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in the “Provision for income taxes” in the Condensed Consolidated Statements of Income. During the three months ended December 31, 2017 and 2016 , the Company recognized costs of $0.3 million and $0.4 million , respectively, related to interest and penalties. At December 31, 2017 , the Company had accruals for the payment of interest and penalties of $10.2 million . During the next twelve months, it is reasonably possible that federal, state and foreign tax audit resolutions could reduce net unrecognized tax benefits by approximately $3.0 million because the Company’s tax positions are sustained on audit, the Company agrees to their disallowance or the statutes of limitations close.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component were as follows (in millions): Three Months Ended December 31, 2017 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (46.2 ) $ (78.6 ) $ (0.2 ) $ (125.0 ) Other comprehensive income (loss) before reclassifications — 2.1 — 2.1 Amounts reclassified from accumulated other comprehensive income (loss) 0.5 — — 0.5 Net current period other comprehensive income (loss) 0.5 2.1 — 2.6 Balance at end of period $ (45.7 ) $ (76.5 ) $ (0.2 ) $ (122.4 ) Three Months Ended December 31, 2016 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (73.9 ) $ (101.1 ) $ (175.0 ) Other comprehensive income (loss) before reclassifications — (30.4 ) (30.4 ) Amounts reclassified from accumulated other comprehensive income (loss) 0.8 — 0.8 Net current period other comprehensive income (loss) 0.8 (30.4 ) (29.6 ) Balance at end of period $ (73.1 ) $ (131.5 ) $ (204.6 ) Reclassifications out of accumulated other comprehensive income (loss) included in the computation of net periodic pension and postretirement benefit cost (refer to Note 14 of the Notes to Condensed Consolidated Financial Statements for additional details regarding employee benefit plans) were as follows (in millions): Three Months Ended 2017 2016 Amortization of employee pension and postretirement benefits items Prior service costs $ 0.2 $ 0.2 Actuarial losses 0.5 1.1 Total before tax 0.7 1.3 Tax benefit (0.2 ) (0.5 ) Net of tax $ 0.5 $ 0.8

Earnings Per Share

Earnings Per Share	3 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The calculation of basic and diluted earnings per common share was as follows: Three Months Ended 2017 2016 Basic Earnings Per Share: Weighted-average common shares outstanding 74,846,829 74,280,377 Diluted Earnings Per Share: Basic weighted-average common shares outstanding 74,846,829 74,280,377 Dilutive stock options and other equity-based compensation awards 1,177,636 1,104,540 Diluted weighted-average common shares outstanding 76,024,465 75,384,917 Options not included in the computation of diluted earnings per share attributable to common shareholders because they would have been anti-dilutive were as follows: Three Months Ended 2017 2016 Stock options 261,675 393,975

Contingencies, Significant Esti

Contingencies, Significant Estimates and Concentrations	3 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies, Significant Estimates and Concentrations	Contingencies, Significant Estimates and Concentrations Personal Injury Actions and Other - Product and general liability claims are made against the Company from time to time in the ordinary course of business. The Company is generally self-insured for future claims up to $5.0 million per claim. Accordingly, a reserve is maintained for the estimated costs of such claims. At December 31, 2017 and September 30, 2017 , the estimated net liabilities for product and general liability claims totaled $40.0 million and $39.1 million , respectively. There is inherent uncertainty as to the eventual resolution of unsettled claims. Management, however, believes that any losses in excess of established reserves will not have a material effect on the Company’s financial condition, results of operations or cash flows. Market Risks - The Company was contingently liable under bid, performance and specialty bonds totaling $630.3 million and $598.4 million at December 31, 2017 and September 30, 2017 , respectively. Open standby letters of credit issued by the Company’s banks in favor of third parties totaled $94.9 million and $96.9 million at December 31, 2017 and September 30, 2017 , respectively. Other Matters - The Company is subject to environmental matters and legal proceedings and claims, including patent, antitrust, product liability, breach of contract, warranty and state dealership regulation compliance proceedings, that arise in the ordinary course of business. Although the final results of all such matters and claims cannot be predicted with certainty, management believes that the ultimate resolution of all such matters and claims will not have a material effect on the Company’s financial condition, results of operations or cash flows. Actual results could vary, among other things, due to the uncertainties involved in litigation. Major contracts for military systems are performed over extended periods of time and are subject to changes in scope of work and delivery schedules. Pricing negotiations on changes and settlement of claims often extend over prolonged periods of time. The Company’s ultimate profitability on such contracts may depend on the eventual outcome of an equitable settlement of contractual issues with the Company’s customers. The Company was one of several bidders on a large, multi-year military truck solicitation for the Canadian government. The Company's bid was not selected, and the Company subsequently submitted a legal challenge of that conclusion. In May 2016, the Canadian International Trade Tribunal (the “Tribunal”) ruled in the Company's favor in connection with that challenge. In December 2017, the Tribunal issued its determination outlining the compensation to which the Company is entitled as a result of the challenge. Due to the expectation that the Canadian government will appeal this matter, the Company has not recognized any gain for this matter as it is not yet realized or realizable.

Business Segment Information

Business Segment Information	3 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company is organized into four reportable segments based on the internal organization used by the President and Chief Executive Officer for making operating decisions and measuring performance and based on the similarity of customers served, common management, common use of facilities and economic results attained. In accordance with FASB ASC Topic 280, Segment Reporting , for purposes of business segment performance measurement, the Company does not allocate to individual business segments costs or items that are of a non-operating nature or organizational or functional expenses of a corporate nature. The caption “Corporate” includes corporate office expenses, share-based compensation, costs of certain business initiatives and shared services or operations benefiting multiple segments, and results of insignificant operations. Identifiable assets of the business segments exclude general corporate assets, which principally consist of cash and cash equivalents, certain property, plant and equipment, and certain other assets pertaining to corporate activities. Intersegment sales generally include amounts invoiced by a segment for work performed for another segment. Amounts are based on actual work performed and agreed-upon pricing, which is intended to be reflective of the contribution made by the supplying business segment. Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions): Three Months Ended December 31, 2017 2016 External Customers Inter- segment Net Sales External Customers Inter- segment Net Sales Access equipment Aerial work platforms $ 323.5 $ — $ 323.5 $ 233.7 $ — $ 233.7 Telehandlers 129.5 — 129.5 93.3 — 93.3 Other 175.2 — 175.2 162.2 — 162.2 Total access equipment 628.2 — 628.2 489.2 — 489.2 Defense 493.2 0.3 493.5 294.2 0.3 294.5 Fire & emergency 224.9 4.2 229.1 229.1 3.4 232.5 Commercial Concrete placement 111.5 — 111.5 84.4 — 84.4 Refuse collection 101.2 — 101.2 92.2 — 92.2 Other 27.0 1.7 28.7 21.5 1.1 22.6 Total commercial 239.7 1.7 241.4 198.1 1.1 199.2 Corporate and intersegment eliminations 0.3 (6.2 ) (5.9 ) 0.8 (4.8 ) (4.0 ) Consolidated $ 1,586.3 $ — $ 1,586.3 $ 1,211.4 $ — $ 1,211.4 Three Months Ended 2017 2016 Operating income (loss): Access equipment $ 13.8 $ 24.4 Defense 65.2 23.8 Fire & emergency 25.1 17.0 Commercial 8.3 4.6 Corporate (38.6 ) (33.6 ) Consolidated 73.8 36.2 Interest expense, net of interest income (13.7 ) (13.9 ) Miscellaneous other income 0.5 1.3 Income before income taxes and equity in earnings of unconsolidated affiliates $ 60.6 $ 23.6 December 31, September 30, 2017 2017 Identifiable assets: Access equipment: U.S. $ 1,884.5 $ 1,905.5 Europe 525.0 541.0 Rest of the World 242.0 246.1 Total access equipment 2,651.5 2,692.6 Defense: U.S. 818.0 775.1 Rest of the World 6.5 7.0 Total defense 824.5 782.1 Fire & emergency - U.S. 526.9 552.6 Commercial: U.S. 359.4 377.3 Rest of the World 41.2 42.3 Total commercial 400.6 419.6 Corporate: U.S. (a) 457.5 543.9 Rest of the World (b) 101.1 108.1 Total corporate 558.6 652.0 Consolidated $ 4,962.1 $ 5,098.9 _________________________ (a) Primarily includes cash and short-term investments. (b) Primarily includes a corporate-led manufacturing facility that supports multiple operating segments. The following table presents net sales by geographic region based on product shipment destination (in millions): Three Months Ended December 31, 2017 2016 Net sales: United States $ 1,233.2 $ 1,018.3 Other North America 43.5 35.7 Europe, Africa and Middle East 235.5 71.6 Rest of the World 74.1 85.8 Consolidated $ 1,586.3 $ 1,211.4

Separate Financial Information

Separate Financial Information of Subsidiary Guarantors of Indebtedness	3 Months Ended
	Dec. 31, 2017
Separate Financial Information of Subsidiary Guarantors of Indebtedness Disclosure Abstract
Separate Financial Information of Subsidiary Guarantors of Indebtedness	Separate Financial Information of Subsidiary Guarantors of Indebtedness The 2022 Senior Notes and the 2025 Senior Notes are jointly, severally, fully and unconditionally guaranteed on a senior unsecured basis by all of the Company’s 100% owned existing and future subsidiaries that from time to time guarantee obligations under the Credit Agreement, with certain exceptions (the “Guarantors”). Under the Indentures governing the 2022 Senior Notes and 2025 Senior Notes, a Guarantor’s guarantee of such Senior Notes will be automatically and unconditionally released and will terminate upon the following customary circumstances: (i) the sale of such Guarantor or substantially all of the assets of such Guarantor if such sale complies with the Indentures; (ii) if such Guarantor no longer guarantees certain other indebtedness of the Company; or (iii) the defeasance or satisfaction and discharge of the Indentures. The following condensed supplemental consolidating financial information reflects the summarized financial information of Oshkosh Corporation, the Guarantors on a combined basis and Oshkosh Corporation’s non-guarantor subsidiaries on a combined basis (in millions): Condensed Consolidating Statement of Income and Comprehensive Income For the Three Months Ended December 31, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net sales $ — $ 1,372.2 $ 267.9 $ (53.8 ) $ 1,586.3 Cost of sales (0.9 ) 1,153.0 245.7 (53.7 ) 1,344.1 Gross income (loss) 0.9 219.2 22.2 (0.1 ) 242.2 Selling, general and administrative expenses 37.8 90.3 29.7 — 157.8 Amortization of purchased intangibles — 9.2 1.4 — 10.6 Operating income (loss) (36.9 ) 119.7 (8.9 ) (0.1 ) 73.8 Interest expense (19.0 ) (13.5 ) (0.8 ) 17.9 (15.4 ) Interest income 1.3 8.0 10.3 (17.9 ) 1.7 Miscellaneous, net 25.2 (62.0 ) 37.3 — 0.5 Income (loss) before income taxes (29.4 ) 52.2 37.9 (0.1 ) 60.6 Provision for (benefit from) income taxes 3.0 36.6 (35.1 ) 0.2 4.7 Income (loss) before equity in earnings of affiliates (32.4 ) 15.6 73.0 (0.3 ) 55.9 Equity in earnings of consolidated subsidiaries 88.8 57.1 (31.6 ) (114.3 ) — Equity in earnings of unconsolidated affiliates — — 0.5 — 0.5 Net income 56.4 72.7 41.9 (114.6 ) 56.4 Other comprehensive income (loss), net of tax 2.6 0.2 2.2 (2.4 ) 2.6 Comprehensive income $ 59.0 $ 72.9 $ 44.1 $ (117.0 ) $ 59.0 Condensed Consolidating Statement of Income and Comprehensive Income For the Three Months Ended December 31, 2016 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net sales $ — $ 1,049.8 $ 202.9 $ (41.3 ) $ 1,211.4 Cost of sales (0.8 ) 874.5 179.5 (41.5 ) 1,011.7 Gross income 0.8 175.3 23.4 0.2 199.7 Selling, general and administrative expenses 31.6 91.5 27.9 — 151.0 Amortization of purchased intangibles — 9.6 2.9 — 12.5 Operating income (loss) (30.8 ) 74.2 (7.4 ) 0.2 36.2 Interest expense (13.6 ) (13.6 ) (0.5 ) 13.0 (14.7 ) Interest income 0.7 4.1 9.0 (13.0 ) 0.8 Miscellaneous, net 22.5 (52.2 ) 31.0 — 1.3 Income (loss) before income taxes (21.2 ) 12.5 32.1 0.2 23.6 Provision for (benefit from) income taxes (5.1 ) 3.0 7.2 0.1 5.2 Income (loss) before equity in earnings of affiliates (16.1 ) 9.5 24.9 0.1 18.4 Equity in earnings of consolidated subsidiaries 35.3 15.7 (10.7 ) (40.3 ) — Equity in earnings of unconsolidated affiliates — — 0.8 — 0.8 Net income 19.2 25.2 15.0 (40.2 ) 19.2 Other comprehensive income (loss), net of tax (29.6 ) (0.9 ) (29.2 ) 30.1 (29.6 ) Comprehensive income $ (10.4 ) $ 24.3 $ (14.2 ) $ (10.1 ) $ (10.4 ) Condensed Consolidating Balance Sheet As of December 31, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Assets Current assets: Cash and cash equivalents $ 347.3 $ 6.0 $ 25.8 $ — $ 379.1 Receivables, net 22.8 996.9 258.9 (49.2 ) 1,229.4 Inventories, net — 802.4 417.5 — 1,219.9 Other current assets 45.9 31.4 10.9 — 88.2 Total current assets 416.0 1,836.7 713.1 (49.2 ) 2,916.6 Investment in and advances to consolidated subsidiaries 3,209.0 1,411.3 (84.3 ) (4,536.0 ) — Intercompany receivables 47.9 260.1 1,975.8 (2,283.8 ) — Intangible assets, net — 900.2 612.9 — 1,513.1 Other long-term assets 107.6 268.7 156.1 — 532.4 Total assets $ 3,780.5 $ 4,677.0 $ 3,373.6 $ (6,869.0 ) $ 4,962.1 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 7.3 $ 433.5 $ 162.8 $ (48.8 ) $ 554.8 Customer advances — 548.0 3.3 — 551.3 Other current liabilities 104.4 240.6 114.7 (0.4 ) 459.3 Total current liabilities 111.7 1,222.1 280.8 (49.2 ) 1,565.4 Long-term debt, less current maturities 803.4 — — — 803.4 Intercompany payables 468.4 1,767.5 47.9 (2,283.8 ) — Other long-term liabilities 103.6 184.3 12.0 — 299.9 Total shareholders' equity 2,293.4 1,503.1 3,032.9 (4,536.0 ) 2,293.4 Total liabilities and shareholders' equity $ 3,780.5 $ 4,677.0 $ 3,373.6 $ (6,869.0 ) $ 4,962.1 Condensed Consolidating Balance Sheet As of September 30, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Assets Current assets: Cash and cash equivalents $ 399.5 $ 4.6 $ 42.9 $ — $ 447.0 Receivables, net 28.3 1,025.5 316.1 (63.6 ) 1,306.3 Inventories, net — 819.3 379.1 — 1,198.4 Other current assets 45.4 31.9 10.8 — 88.1 Total current assets 473.2 1,881.3 748.9 (63.6 ) 3,039.8 Investment in and advances to consolidated subsidiaries 3,138.3 1,340.4 (59.6 ) (4,419.1 ) — Intercompany receivables 48.0 261.6 1,971.8 (2,281.4 ) — Intangible assets, net — 909.5 611.3 — 1,520.8 Other long-term assets 69.1 242.9 226.3 — 538.3 Total assets $ 3,728.6 $ 4,635.7 $ 3,498.7 $ (6,764.1 ) $ 5,098.9 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 11.6 $ 517.2 $ 176.4 $ (54.2 ) $ 651.0 Customer advances — 510.7 2.7 — 513.4 Other current liabilities 105.2 304.9 118.0 (9.4 ) 518.7 Total current liabilities 116.8 1,332.8 297.1 (63.6 ) 1,683.1 Long-term debt, less current maturities 807.9 — — — 807.9 Intercompany payables 452.9 1,780.5 48.0 (2,281.4 ) — Other long-term liabilities 43.6 134.1 122.8 — 300.5 Total shareholders' equity 2,307.4 1,388.3 3,030.8 (4,419.1 ) 2,307.4 Total liabilities and shareholders' equity $ 3,728.6 $ 4,635.7 $ 3,498.7 $ (6,764.1 ) $ 5,098.9 Condensed Consolidating Statement of Cash Flows For the Three Months Ended December 31, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net cash provided (used) by operating activities $ (5.8 ) $ (4.4 ) $ 39.4 $ — $ 29.2 Investing activities: Additions to property, plant and equipment (1.5 ) (11.7 ) (5.5 ) — (18.7 ) Additions to equipment held for rental — — (1.2 ) — (1.2 ) Proceeds from sale of equipment held for rental — — 2.5 — 2.5 Intercompany investing — 13.0 (58.9 ) 45.9 — Other investing activities (0.7 ) (0.1 ) — — (0.8 ) Net cash provided (used) by investing activities (2.2 ) 1.2 (63.1 ) 45.9 (18.2 ) Financing activities: Proceeds from issuance of debt (original maturities greater than three months) — — 6.5 — 6.5 Repayments of debt (original maturities greater than three months) (5.0 ) — — — (5.0 ) Repurchases of Common Stock (71.1 ) — — — (71.1 ) Dividends paid (18.0 ) — — — (18.0 ) Proceeds from exercise of stock options 8.6 — — — 8.6 Intercompany financing 41.3 4.6 — (45.9 ) — Net cash provided (used) by financing activities (44.2 ) 4.6 6.5 (45.9 ) (79.0 ) Effect of exchange rate changes on cash — — 0.1 — 0.1 Increase (decrease) in cash and cash equivalents (52.2 ) 1.4 (17.1 ) — (67.9 ) Cash and cash equivalents at beginning of period 399.5 4.6 42.9 — 447.0 Cash and cash equivalents at end of period $ 347.3 $ 6.0 $ 25.8 $ — $ 379.1 Condensed Consolidating Statement of Cash Flows For the Three Months Ended December 31, 2016 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net cash provided (used) by operating activities $ (42.8 ) $ 67.0 $ 59.6 $ — $ 83.8 Investing activities: Additions to property, plant and equipment (0.4 ) (9.1 ) (4.7 ) — (14.2 ) Additions to equipment held for rental — — (12.9 ) — (12.9 ) Proceeds from sale of equipment held for rental — — 5.3 — 5.3 Intercompany investing — 498.1 (39.0 ) (459.1 ) — Other investing activities (0.2 ) — — — (0.2 ) Net cash provided (used) by investing activities (0.6 ) 489.0 (51.3 ) (459.1 ) (22.0 ) Financing activities: Repayments of debt (original maturities greater than three months) (20.0 ) — — — (20.0 ) Repurchases of Common Stock (3.0 ) — — — (3.0 ) Dividends paid (15.6 ) — — — (15.6 ) Proceeds from exercise of stock options 26.2 — — — 26.2 Intercompany financing 93.9 (553.0 ) — 459.1 — Net cash provided (used) by financing activities 81.5 (553.0 ) — 459.1 (12.4 ) Effect of exchange rate changes on cash — (0.2 ) (1.5 ) — (1.7 ) Increase in cash and cash equivalents 38.1 2.8 6.8 — 47.7 Cash and cash equivalents at beginning of period 285.4 1.7 34.8 — 321.9 Cash and cash equivalents at end of period $ 323.5 $ 4.5 $ 41.6 $ — $ 369.6

New Accounting Standards (Polic

New Accounting Standards (Policies)	3 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) , and the FASB has since issued several amendments to this standard, which clarifies the principles for recognizing revenue. This guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard supersedes all existing U.S. GAAP guidance on revenue recognition and is expected to require the use of more judgment and result in additional disclosures. The new standard is effective for annual reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company plans to adopt the standard on October 1, 2018. The Company has elected to adopt the new revenue recognition standard following the modified retrospective approach, as permitted by the standard. This approach will result in an adjustment to retained earnings for the cumulative effect of initially applying the new standard on its adoption date. The Company has assembled a cross-functional team with representation from all segments that is dedicated to the implementation of this new accounting standard. The team, with the support of a project management office, is focused on executing a multi-phase plan that will culminate with the adoption of the standard. The cross-functional team focused on concluding and documenting key accounting positions during the three months ended December 31, 2017. The Company's Audit Committee has been receiving regular briefings on the implementation team's progress and potential implications related to adoption of the new standard. The internal control and process changes necessary to comply with the requirements of the new standard as well as its financial impact remain under evaluation. In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330), Simplifying the Measurement of Inventory . ASU 2015-11 is part of the FASB’s initiative to simplify accounting standards. The guidance requires an entity to recognize inventory within the scope of the standard at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The Company adopted ASU 2015-11 on October 1, 2017. The adoption of ASU 2015-11 did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to reflect most leases on their balance sheet as lease liabilities with a corresponding right-of-use asset, while leaving presentation of lease expense in the statement of income largely unchanged. The standard also eliminates the real-estate specific provisions that exist under current U.S. GAAP and modifies the classification criteria and accounting lessors must apply to sales-type and direct financing leases. The Company will be required to adopt ASU 2016-02 as of October 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-02 on the Company's consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments . The standard requires a change in the measurement approach for credit losses on financial assets measured on an amortized cost basis from an incurred loss method to an expected loss method, thereby eliminating the requirement that a credit loss be considered probable to impact the valuation of a financial asset measured on an amortized cost basis. The standard requires the measurement of expected credit losses to be based on relevant information about past events, including historical experience, current conditions, and a reasonable and supportable forecast that affects the collectibility of the related financial asset. The Company will be required to adopt ASU 2016-13 as of October 1, 2020. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-13 on the Company's consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740), Intra-Entity Transfers of Assets Other Than Inventory . The standard requires that an entity recognize the income tax consequences of an intra-entity transfer of an asset when the transfer occurs as opposed to when the asset is transferred to an outside party as required under current U.S. GAAP. The standard does not apply to intra-entity transfers of inventory, which will continue to follow current U.S. GAAP. The Company will be required to adopt ASU 2016-16 as of October 1, 2018. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-16 on the Company's consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment. The standard simplifies the measurement of goodwill impairment by eliminating the requirement that an entity compute the implied fair value of goodwill based on the fair values of its assets and liabilities to measure impairment. Instead, goodwill impairment will be measured as the difference between the fair value of the reporting unit and the carrying value of the reporting unit. The standard also clarifies the treatment of the income tax effect of tax deductible goodwill when measuring goodwill impairment loss. The Company will be required to adopt ASU 2017-04 as of October 1, 2020. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2017-04 on the Company's consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, Compensation - Retirement Benefits (Topic 715), Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The standard requires that an entity report the service cost component of net periodic pension and postretirement cost in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The remaining components of net benefit costs are required to be presented in the income statement separately from the service component and outside a subtotal of income from operations, if one is presented. The amendment further allows only the service cost component of net periodic pension and postretirement costs to be eligible for capitalization, when applicable. The Company will be required to adopt ASU 2017-07 as of October 1, 2018. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2017-07 on the Company's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities . The standard more closely aligns hedge accounting with risk management strategies, simplifies the application of hedge accounting, and increases transparency as to the scope and results of hedging programs. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The Company adopted ASU 2017-12 on October 1, 2017. The adoption of ASU 2017-12 did not have a material impact on the Company's consolidated financial statements.

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of receivables	Receivables consisted of the following (in millions): December 31, September 30, 2017 2017 U.S. government: Amounts billed $ 64.3 $ 137.8 Costs and profits not billed 233.4 137.9 297.7 275.7 Other trade receivables 890.7 985.4 Finance receivables 13.9 5.8 Notes receivable 24.8 34.2 Other receivables 43.0 46.3 1,270.1 1,347.4 Less allowance for doubtful accounts (14.5 ) (18.3 ) $ 1,255.6 $ 1,329.1
Classification of receivables in the condensed consolidated balance sheets	Classification of receivables in the Condensed Consolidated Balance Sheets consisted of the following (in millions): December 31, September 30, 2017 2017 Current receivables $ 1,229.4 $ 1,306.3 Long-term receivables (included in “Other long-term assets”) 26.2 22.8 $ 1,255.6 $ 1,329.1
Schedule of finance and notes receivable aging and accrual status	Finance and notes receivable aging and accrual status consisted of the following (in millions): Finance Receivables Notes Receivable December 31, 2017 September 30, 2017 December 31, 2017 September 30, 2017 Aging of receivables that are past due: Greater than 30 days and less than 60 days $ — $ — $ — $ — Greater than 60 days and less than 90 days — — — — Greater than 90 days 2.1 2.1 0.2 0.2 Receivables on nonaccrual status 3.6 3.7 20.1 21.3 Receivables past due 90 days or more and still accruing — — — — Receivables subject to general reserves 1.8 2.1 — — Allowance for doubtful accounts (0.1 ) — — — Receivables subject to specific reserves 12.1 3.7 24.8 34.2 Allowance for doubtful accounts (1.4 ) (1.5 ) (6.1 ) (10.0 )
Schedule of allowance for doubtful accounts	Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions): Three Months Ended December 31, 2017 Three Months Ended December 31, 2016 Finance Notes Trade and Other Total Finance Notes Trade and Other Total Allowance for doubtful accounts at beginning of period $ 1.5 $ 10.0 $ 6.8 $ 18.3 $ 1.0 $ 13.0 $ 7.2 $ 21.2 Provision for doubtful accounts, net of recoveries — (4.0 ) 0.2 (3.8 ) 1.1 (0.6 ) (0.5 ) — Charge-off of accounts — — (0.1 ) (0.1 ) — (0.1 ) (0.2 ) (0.3 ) Foreign currency translation — 0.1 — 0.1 — (0.7 ) — (0.7 ) Allowance for doubtful accounts at end of period $ 1.5 $ 6.1 $ 6.9 $ 14.5 $ 2.1 $ 11.6 $ 6.5 $ 20.2

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consisted of the following (in millions): December 31, September 30, 2017 2017 Raw materials $ 606.0 $ 578.1 Partially finished products 347.3 336.6 Finished products 378.5 398.1 Inventories at FIFO cost 1,331.8 1,312.8 Less: Progress/performance-based payments on U.S. government contracts (27.6 ) (31.6 ) Excess of FIFO cost over LIFO cost (84.3 ) (82.8 ) $ 1,219.9 $ 1,198.4

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment consisted of the following (in millions): December 31, September 30, 2017 2017 Land and land improvements $ 58.1 $ 58.5 Buildings 298.2 298.5 Machinery and equipment 657.6 652.2 Software and related costs 151.7 149.6 Equipment on operating lease to others 28.8 30.0 1,194.4 1,188.8 Less accumulated depreciation (736.4 ) (718.9 ) $ 458.0 $ 469.9

Goodwill and Purchased Intang33

Goodwill and Purchased Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in goodwill	The following table presents changes in goodwill during the three months ended December 31, 2017 (in millions): Access Equipment Fire & Emergency Commercial Total Net goodwill at September 30, 2017 $ 885.9 $ 106.1 $ 21.0 $ 1,013.0 Foreign currency translation 2.9 — (0.1 ) 2.8 Net goodwill at December 31, 2017 $ 888.8 $ 106.1 $ 20.9 $ 1,015.8
Schedule of company's goodwill allocated to the reportable segments	The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions): December 31, 2017 September 30, 2017 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Access equipment $ 1,820.9 $ (932.1 ) $ 888.8 $ 1,818.0 $ (932.1 ) $ 885.9 Fire & emergency 108.1 (2.0 ) 106.1 108.1 (2.0 ) 106.1 Commercial 196.8 (175.9 ) 20.9 196.9 (175.9 ) 21.0 $ 2,125.8 $ (1,110.0 ) $ 1,015.8 $ 2,123.0 $ (1,110.0 ) $ 1,013.0
Schedule of purchased intangible assets	Details of the Company’s total purchased intangible assets are as follows (in millions): December 31, 2017 Weighted- Average Life (in years) Gross Accumulated Amortization Net Amortizable intangible assets: Distribution network 39.1 $ 55.4 $ (29.8 ) $ 25.6 Technology-related 11.9 104.7 (101.2 ) 3.5 Customer relationships 12.8 555.0 (476.3 ) 78.7 Other 16.4 16.5 (14.8 ) 1.7 14.4 731.6 (622.1 ) 109.5 Non-amortizable trade names 387.8 — 387.8 $ 1,119.4 $ (622.1 ) $ 497.3 September 30, 2017 Weighted- Average Life (in years) Gross Accumulated Amortization Net Amortizable intangible assets: Distribution network 39.1 $ 55.4 $ (29.5 ) $ 25.9 Technology-related 11.9 104.7 (99.7 ) 5.0 Customer relationships 12.8 555.0 (467.6 ) 87.4 Other 16.3 16.4 (14.7 ) 1.7 14.4 731.5 (611.5 ) 120.0 Non-amortizable trade names 387.8 — 387.8 $ 1,119.3 $ (611.5 ) $ 507.8

Credit Agreements (Tables)

Credit Agreements (Tables)	3 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of debt instruments	The Company was obligated under the following debt instruments (in millions): December 31, 2017 Principal Debt Issuance Costs Debt, Net Senior Secured Term Loan $ 330.0 $ (0.7 ) $ 329.3 5.375% Senior Notes due March 2022 250.0 (3.3 ) 246.7 5.375% Senior Notes due March 2025 250.0 (2.6 ) 247.4 $ 830.0 $ (6.6 ) 823.4 Less current maturities (20.0 ) $ 803.4 Other short-term debt $ 9.7 Current maturities of long-term debt 20.0 $ 29.7 September 30, 2017 Principal Debt Issuance Costs Debt, Net Senior Secured Term Loan $ 335.0 $ (0.8 ) $ 334.2 5.375% Senior Notes due March 2022 250.0 (3.5 ) 246.5 5.375% Senior Notes due March 2025 250.0 (2.8 ) 247.2 $ 835.0 $ (7.1 ) 827.9 Less current maturities (20.0 ) $ 807.9 Other short-term debt $ 3.0 Current maturities of long-term debt 20.0 $ 23.0

Warranties (Tables)

Warranties (Tables)	3 Months Ended
	Dec. 31, 2017
Product Warranties Disclosures [Abstract]
Schedule of changes in warranty liability and unearned extended warranty premiums	Changes in the Company’s warranty liability and unearned extended warranty premiums were as follows (in millions): Three Months Ended 2017 2016 Balance at beginning of period $ 98.8 $ 89.6 Warranty provisions 12.0 10.7 Settlements made (12.8 ) (11.9 ) Changes in liability for pre-existing warranties, net 1.2 (1.1 ) Premiums received 2.6 2.8 Amortization of premiums received (2.6 ) (2.9 ) Foreign currency translation 0.1 (1.0 ) Balance at end of period $ 99.3 $ 86.2

Guarantee Arrangements (Tables)

Guarantee Arrangements (Tables)	3 Months Ended
	Dec. 31, 2017
Guarantees [Abstract]
Schedule of provision for losses on customer guarantees	Changes in the Company’s credit guarantee liability were as follows (in millions): Three Months Ended 2017 2016 Balance at beginning of period $ 9.1 $ 8.4 Provision for new credit guarantees 1.3 0.6 Changes for pre-existing guarantees, net — 0.1 Amortization of previous guarantees (0.6 ) (0.5 ) Foreign currency translation — (0.1 ) Balance at end of period $ 9.8 $ 8.5

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of fair values of financial assets and liabilities	The fair values of the Company’s financial assets and liabilities were as follows (in millions): Level 1 Level 2 Level 3 Total December 31, 2017 Assets: SERP plan assets (a) $ 22.2 $ — $ — $ 22.2 Foreign currency exchange derivatives (b) — 0.8 — 0.8 Interest rate contracts (c) — 0.3 — 0.3 Liabilities: Foreign currency exchange derivatives (b) $ — $ 0.9 $ — $ 0.9 Interest rate contracts (c) — 0.2 — 0.2 September 30, 2017 Assets: SERP plan assets (a) $ 21.7 $ — $ — $ 21.7 Foreign currency exchange derivatives (b) — 0.5 — 0.5 Interest rate contracts (c) — 0.3 — 0.3 Liabilities: Foreign currency exchange derivatives (b) $ — $ 1.2 $ — $ 1.2 Interest rate contracts (c) — 0.7 — 0.7 _________________________ (a) Represents investments in a rabbi trust for the Company's non-qualified supplemental executive retirement plan (SERP). The fair values of these investments are determined using a market approach. Investments include mutual funds for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income. (b) Based on observable market transactions of forward currency prices. (c) Based on observable market transactions of interest rate swap prices.

Restructuring and Other Charg38

Restructuring and Other Charges (Tables)	3 Months Ended
	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring and related costs	Pre-tax restructuring charges for the three months ended December 31, 2017 were as follows (in millions): Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 3.3 $ — $ 3.3 Commercial 0.6 1.9 2.5 Total $ 3.9 $ 1.9 $ 5.8 Pre-tax restructuring charges for the three months ended December 31, 2016 were as follows (in millions): Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 0.7 $ — $ 0.7 Commercial — 0.4 0.4 Total $ 0.7 $ 0.4 $ 1.1
Schedule of restructuring reserve by type of cost	Changes in the Company's restructuring reserves, included within “ Other current liabilities ” in the Condensed Consolidated Balance Sheets, were as follows (in millions): Employee Severance and Termination Benefits Property, Plant and Equipment Impairment Other Costs Total Balance at September 30, 2017 $ 19.8 $ — $ 1.0 $ 20.8 Restructuring provision 3.7 1.0 1.1 5.8 Utilized - cash (7.0 ) — (1.0 ) (8.0 ) Utilized - noncash — (1.0 ) — (1.0 ) Foreign currency translation 0.3 — — 0.3 Balance at December 31, 2017 $ 16.8 $ — $ 1.1 $ 17.9 Employee Severance and Termination Benefits Balance at September 30, 2016 $ 0.9 Restructuring provision 1.1 Utilized - cash (0.3 ) Balance at December 31, 2016 $ 1.7

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Dec. 31, 2017
Defined Benefit Plan [Abstract]
Schedule of net periodic benefit cost	Components of net periodic pension benefit cost were as follows (in millions): Three Months Ended 2017 2016 Components of net periodic benefit cost Service cost $ 3.1 $ 3.3 Interest cost 4.5 4.4 Expected return on plan assets (5.0 ) (4.5 ) Amortization of prior service cost 0.4 0.4 Amortization of net actuarial loss 0.5 1.0 Net periodic benefit cost $ 3.5 $ 4.6 Components of net periodic other post-employment benefit cost were as follows (in millions): Three Months Ended 2017 2016 Components of net periodic benefit cost Service cost $ 0.9 $ 0.6 Interest cost 0.5 0.4 Amortization of prior service cost (0.2 ) (0.2 ) Amortization of net actuarial loss — 0.1 Net periodic benefit cost $ 1.2 $ 0.9

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	Changes in accumulated other comprehensive income (loss) by component were as follows (in millions): Three Months Ended December 31, 2017 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (46.2 ) $ (78.6 ) $ (0.2 ) $ (125.0 ) Other comprehensive income (loss) before reclassifications — 2.1 — 2.1 Amounts reclassified from accumulated other comprehensive income (loss) 0.5 — — 0.5 Net current period other comprehensive income (loss) 0.5 2.1 — 2.6 Balance at end of period $ (45.7 ) $ (76.5 ) $ (0.2 ) $ (122.4 ) Three Months Ended December 31, 2016 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (73.9 ) $ (101.1 ) $ (175.0 ) Other comprehensive income (loss) before reclassifications — (30.4 ) (30.4 ) Amounts reclassified from accumulated other comprehensive income (loss) 0.8 — 0.8 Net current period other comprehensive income (loss) 0.8 (30.4 ) (29.6 ) Balance at end of period $ (73.1 ) $ (131.5 ) $ (204.6 )
Schedule of amounts recognized in other comprehensive income (loss)	Reclassifications out of accumulated other comprehensive income (loss) included in the computation of net periodic pension and postretirement benefit cost (refer to Note 14 of the Notes to Condensed Consolidated Financial Statements for additional details regarding employee benefit plans) were as follows (in millions): Three Months Ended 2017 2016 Amortization of employee pension and postretirement benefits items Prior service costs $ 0.2 $ 0.2 Actuarial losses 0.5 1.1 Total before tax 0.7 1.3 Tax benefit (0.2 ) (0.5 ) Net of tax $ 0.5 $ 0.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The calculation of basic and diluted earnings per common share was as follows: Three Months Ended 2017 2016 Basic Earnings Per Share: Weighted-average common shares outstanding 74,846,829 74,280,377 Diluted Earnings Per Share: Basic weighted-average common shares outstanding 74,846,829 74,280,377 Dilutive stock options and other equity-based compensation awards 1,177,636 1,104,540 Diluted weighted-average common shares outstanding 76,024,465 75,384,917
Schedule of antidilutive securities excluded from computation of earnings per share	Options not included in the computation of diluted earnings per share attributable to common shareholders because they would have been anti-dilutive were as follows: Three Months Ended 2017 2016 Stock options 261,675 393,975

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
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 December 31, 2017 2016 External Customers Inter- segment Net Sales External Customers Inter- segment Net Sales Access equipment Aerial work platforms $ 323.5 $ — $ 323.5 $ 233.7 $ — $ 233.7 Telehandlers 129.5 — 129.5 93.3 — 93.3 Other 175.2 — 175.2 162.2 — 162.2 Total access equipment 628.2 — 628.2 489.2 — 489.2 Defense 493.2 0.3 493.5 294.2 0.3 294.5 Fire & emergency 224.9 4.2 229.1 229.1 3.4 232.5 Commercial Concrete placement 111.5 — 111.5 84.4 — 84.4 Refuse collection 101.2 — 101.2 92.2 — 92.2 Other 27.0 1.7 28.7 21.5 1.1 22.6 Total commercial 239.7 1.7 241.4 198.1 1.1 199.2 Corporate and intersegment eliminations 0.3 (6.2 ) (5.9 ) 0.8 (4.8 ) (4.0 ) Consolidated $ 1,586.3 $ — $ 1,586.3 $ 1,211.4 $ — $ 1,211.4
Schedule of income (loss) from continuing operations by product lines and reportable segments	Three Months Ended 2017 2016 Operating income (loss): Access equipment $ 13.8 $ 24.4 Defense 65.2 23.8 Fire & emergency 25.1 17.0 Commercial 8.3 4.6 Corporate (38.6 ) (33.6 ) Consolidated 73.8 36.2 Interest expense, net of interest income (13.7 ) (13.9 ) Miscellaneous other income 0.5 1.3 Income before income taxes and equity in earnings of unconsolidated affiliates $ 60.6 $ 23.6
Schedule of identifiable assets by business segments and by geographical segments	December 31, September 30, 2017 2017 Identifiable assets: Access equipment: U.S. $ 1,884.5 $ 1,905.5 Europe 525.0 541.0 Rest of the World 242.0 246.1 Total access equipment 2,651.5 2,692.6 Defense: U.S. 818.0 775.1 Rest of the World 6.5 7.0 Total defense 824.5 782.1 Fire & emergency - U.S. 526.9 552.6 Commercial: U.S. 359.4 377.3 Rest of the World 41.2 42.3 Total commercial 400.6 419.6 Corporate: U.S. (a) 457.5 543.9 Rest of the World (b) 101.1 108.1 Total corporate 558.6 652.0 Consolidated $ 4,962.1 $ 5,098.9 _________________________ (a) Primarily includes cash and short-term investments. (b) Primarily includes a corporate-led manufacturing facility that supports multiple operating segments.
Schedule of net sales by geographical segments	The following table presents net sales by geographic region based on product shipment destination (in millions): Three Months Ended December 31, 2017 2016 Net sales: United States $ 1,233.2 $ 1,018.3 Other North America 43.5 35.7 Europe, Africa and Middle East 235.5 71.6 Rest of the World 74.1 85.8 Consolidated $ 1,586.3 $ 1,211.4

Separate Financial Informatio43

Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables)	3 Months Ended
	Dec. 31, 2017
Separate Financial Information of Subsidiary Guarantors of Indebtedness Disclosure Abstract
Schedule of condensed consolidating statements of income and comprehensive income	Condensed Consolidating Statement of Income and Comprehensive Income For the Three Months Ended December 31, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net sales $ — $ 1,372.2 $ 267.9 $ (53.8 ) $ 1,586.3 Cost of sales (0.9 ) 1,153.0 245.7 (53.7 ) 1,344.1 Gross income (loss) 0.9 219.2 22.2 (0.1 ) 242.2 Selling, general and administrative expenses 37.8 90.3 29.7 — 157.8 Amortization of purchased intangibles — 9.2 1.4 — 10.6 Operating income (loss) (36.9 ) 119.7 (8.9 ) (0.1 ) 73.8 Interest expense (19.0 ) (13.5 ) (0.8 ) 17.9 (15.4 ) Interest income 1.3 8.0 10.3 (17.9 ) 1.7 Miscellaneous, net 25.2 (62.0 ) 37.3 — 0.5 Income (loss) before income taxes (29.4 ) 52.2 37.9 (0.1 ) 60.6 Provision for (benefit from) income taxes 3.0 36.6 (35.1 ) 0.2 4.7 Income (loss) before equity in earnings of affiliates (32.4 ) 15.6 73.0 (0.3 ) 55.9 Equity in earnings of consolidated subsidiaries 88.8 57.1 (31.6 ) (114.3 ) — Equity in earnings of unconsolidated affiliates — — 0.5 — 0.5 Net income 56.4 72.7 41.9 (114.6 ) 56.4 Other comprehensive income (loss), net of tax 2.6 0.2 2.2 (2.4 ) 2.6 Comprehensive income $ 59.0 $ 72.9 $ 44.1 $ (117.0 ) $ 59.0 Condensed Consolidating Statement of Income and Comprehensive Income For the Three Months Ended December 31, 2016 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net sales $ — $ 1,049.8 $ 202.9 $ (41.3 ) $ 1,211.4 Cost of sales (0.8 ) 874.5 179.5 (41.5 ) 1,011.7 Gross income 0.8 175.3 23.4 0.2 199.7 Selling, general and administrative expenses 31.6 91.5 27.9 — 151.0 Amortization of purchased intangibles — 9.6 2.9 — 12.5 Operating income (loss) (30.8 ) 74.2 (7.4 ) 0.2 36.2 Interest expense (13.6 ) (13.6 ) (0.5 ) 13.0 (14.7 ) Interest income 0.7 4.1 9.0 (13.0 ) 0.8 Miscellaneous, net 22.5 (52.2 ) 31.0 — 1.3 Income (loss) before income taxes (21.2 ) 12.5 32.1 0.2 23.6 Provision for (benefit from) income taxes (5.1 ) 3.0 7.2 0.1 5.2 Income (loss) before equity in earnings of affiliates (16.1 ) 9.5 24.9 0.1 18.4 Equity in earnings of consolidated subsidiaries 35.3 15.7 (10.7 ) (40.3 ) — Equity in earnings of unconsolidated affiliates — — 0.8 — 0.8 Net income 19.2 25.2 15.0 (40.2 ) 19.2 Other comprehensive income (loss), net of tax (29.6 ) (0.9 ) (29.2 ) 30.1 (29.6 ) Comprehensive income $ (10.4 ) $ 24.3 $ (14.2 ) $ (10.1 ) $ (10.4 )
Condensed consolidating balance sheet	Condensed Consolidating Balance Sheet As of December 31, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Assets Current assets: Cash and cash equivalents $ 347.3 $ 6.0 $ 25.8 $ — $ 379.1 Receivables, net 22.8 996.9 258.9 (49.2 ) 1,229.4 Inventories, net — 802.4 417.5 — 1,219.9 Other current assets 45.9 31.4 10.9 — 88.2 Total current assets 416.0 1,836.7 713.1 (49.2 ) 2,916.6 Investment in and advances to consolidated subsidiaries 3,209.0 1,411.3 (84.3 ) (4,536.0 ) — Intercompany receivables 47.9 260.1 1,975.8 (2,283.8 ) — Intangible assets, net — 900.2 612.9 — 1,513.1 Other long-term assets 107.6 268.7 156.1 — 532.4 Total assets $ 3,780.5 $ 4,677.0 $ 3,373.6 $ (6,869.0 ) $ 4,962.1 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 7.3 $ 433.5 $ 162.8 $ (48.8 ) $ 554.8 Customer advances — 548.0 3.3 — 551.3 Other current liabilities 104.4 240.6 114.7 (0.4 ) 459.3 Total current liabilities 111.7 1,222.1 280.8 (49.2 ) 1,565.4 Long-term debt, less current maturities 803.4 — — — 803.4 Intercompany payables 468.4 1,767.5 47.9 (2,283.8 ) — Other long-term liabilities 103.6 184.3 12.0 — 299.9 Total shareholders' equity 2,293.4 1,503.1 3,032.9 (4,536.0 ) 2,293.4 Total liabilities and shareholders' equity $ 3,780.5 $ 4,677.0 $ 3,373.6 $ (6,869.0 ) $ 4,962.1 Condensed Consolidating Balance Sheet As of September 30, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Assets Current assets: Cash and cash equivalents $ 399.5 $ 4.6 $ 42.9 $ — $ 447.0 Receivables, net 28.3 1,025.5 316.1 (63.6 ) 1,306.3 Inventories, net — 819.3 379.1 — 1,198.4 Other current assets 45.4 31.9 10.8 — 88.1 Total current assets 473.2 1,881.3 748.9 (63.6 ) 3,039.8 Investment in and advances to consolidated subsidiaries 3,138.3 1,340.4 (59.6 ) (4,419.1 ) — Intercompany receivables 48.0 261.6 1,971.8 (2,281.4 ) — Intangible assets, net — 909.5 611.3 — 1,520.8 Other long-term assets 69.1 242.9 226.3 — 538.3 Total assets $ 3,728.6 $ 4,635.7 $ 3,498.7 $ (6,764.1 ) $ 5,098.9 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 11.6 $ 517.2 $ 176.4 $ (54.2 ) $ 651.0 Customer advances — 510.7 2.7 — 513.4 Other current liabilities 105.2 304.9 118.0 (9.4 ) 518.7 Total current liabilities 116.8 1,332.8 297.1 (63.6 ) 1,683.1 Long-term debt, less current maturities 807.9 — — — 807.9 Intercompany payables 452.9 1,780.5 48.0 (2,281.4 ) — Other long-term liabilities 43.6 134.1 122.8 — 300.5 Total shareholders' equity 2,307.4 1,388.3 3,030.8 (4,419.1 ) 2,307.4 Total liabilities and shareholders' equity $ 3,728.6 $ 4,635.7 $ 3,498.7 $ (6,764.1 ) $ 5,098.9
Condensed consolidating statement of cash flows	Condensed Consolidating Statement of Cash Flows For the Three Months Ended December 31, 2017 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net cash provided (used) by operating activities $ (5.8 ) $ (4.4 ) $ 39.4 $ — $ 29.2 Investing activities: Additions to property, plant and equipment (1.5 ) (11.7 ) (5.5 ) — (18.7 ) Additions to equipment held for rental — — (1.2 ) — (1.2 ) Proceeds from sale of equipment held for rental — — 2.5 — 2.5 Intercompany investing — 13.0 (58.9 ) 45.9 — Other investing activities (0.7 ) (0.1 ) — — (0.8 ) Net cash provided (used) by investing activities (2.2 ) 1.2 (63.1 ) 45.9 (18.2 ) Financing activities: Proceeds from issuance of debt (original maturities greater than three months) — — 6.5 — 6.5 Repayments of debt (original maturities greater than three months) (5.0 ) — — — (5.0 ) Repurchases of Common Stock (71.1 ) — — — (71.1 ) Dividends paid (18.0 ) — — — (18.0 ) Proceeds from exercise of stock options 8.6 — — — 8.6 Intercompany financing 41.3 4.6 — (45.9 ) — Net cash provided (used) by financing activities (44.2 ) 4.6 6.5 (45.9 ) (79.0 ) Effect of exchange rate changes on cash — — 0.1 — 0.1 Increase (decrease) in cash and cash equivalents (52.2 ) 1.4 (17.1 ) — (67.9 ) Cash and cash equivalents at beginning of period 399.5 4.6 42.9 — 447.0 Cash and cash equivalents at end of period $ 347.3 $ 6.0 $ 25.8 $ — $ 379.1 Condensed Consolidating Statement of Cash Flows For the Three Months Ended December 31, 2016 Oshkosh Corporation Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net cash provided (used) by operating activities $ (42.8 ) $ 67.0 $ 59.6 $ — $ 83.8 Investing activities: Additions to property, plant and equipment (0.4 ) (9.1 ) (4.7 ) — (14.2 ) Additions to equipment held for rental — — (12.9 ) — (12.9 ) Proceeds from sale of equipment held for rental — — 5.3 — 5.3 Intercompany investing — 498.1 (39.0 ) (459.1 ) — Other investing activities (0.2 ) — — — (0.2 ) Net cash provided (used) by investing activities (0.6 ) 489.0 (51.3 ) (459.1 ) (22.0 ) Financing activities: Repayments of debt (original maturities greater than three months) (20.0 ) — — — (20.0 ) Repurchases of Common Stock (3.0 ) — — — (3.0 ) Dividends paid (15.6 ) — — — (15.6 ) Proceeds from exercise of stock options 26.2 — — — 26.2 Intercompany financing 93.9 (553.0 ) — 459.1 — Net cash provided (used) by financing activities 81.5 (553.0 ) — 459.1 (12.4 ) Effect of exchange rate changes on cash — (0.2 ) (1.5 ) — (1.7 ) Increase in cash and cash equivalents 38.1 2.8 6.8 — 47.7 Cash and cash equivalents at beginning of period 285.4 1.7 34.8 — 321.9 Cash and cash equivalents at end of period $ 323.5 $ 4.5 $ 41.6 $ — $ 369.6

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
U.S. government:
Amounts billed	$ 64.3	$ 137.8
Costs and profits not billed	233.4	137.9
Contract receivables	297.7	275.7
Other trade receivables	890.7	985.4
Finance receivables	13.9	5.8
Notes receivable	24.8	34.2
Other receivables	43	46.3
Receivables, gross	1,270.1	1,347.4
Less allowance for doubtful accounts	(14.5)	(18.3)	$ (20.2)	$ (21.2)
Receivables, net	1,255.6	1,329.1
Classification of receivables
Current receivables	1,229.4	1,306.3
Long-term receivables (included in “Other long-term assets”)	$ 26.2	$ 22.8

Receivables (Details 2)

Receivables (Details 2) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	$ 18.3	$ 21.2
Provision for doubtful accounts, net of recoveries	(3.8)	0
Charge-off of accounts	(0.1)	(0.3)
Foreign currency translation	0.1	(0.7)
Allowance for doubtful accounts at end of period	14.5	20.2
Finance Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables on nonaccrual status	3.6		$ 3.7
Receivables past due 90 days or more and still accruing	0		0
Receivables subject to general reserves	1.8		2.1
Allowance for doubtful accounts	(0.1)		0
Receivables subject to specific reserves	12.1		3.7
Allowance for doubtful accounts	(1.4)		(1.5)
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	1.5	1
Provision for doubtful accounts, net of recoveries	0	1.1
Charge-off of accounts	0	0
Foreign currency translation	0	0
Allowance for doubtful accounts at end of period	1.5	2.1
Finance Receivable | Greater than 30 days and less than 60 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aging of receivables that are past due:	0		0
Finance Receivable | Greater than 60 days and less than 90 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aging of receivables that are past due:	0		0
Finance Receivable | Greater than 90 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aging of receivables that are past due:	2.1		2.1
Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables on nonaccrual status	20.1		21.3
Receivables past due 90 days or more and still accruing	0		0
Receivables subject to general reserves	0		0
Allowance for doubtful accounts	0		0
Receivables subject to specific reserves	24.8		34.2
Allowance for doubtful accounts	(6.1)		(10)
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	10	13
Provision for doubtful accounts, net of recoveries	(4)	(0.6)
Charge-off of accounts	0	(0.1)
Foreign currency translation	0.1	(0.7)
Allowance for doubtful accounts at end of period	6.1	11.6
Notes Receivable | Greater than 30 days and less than 60 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aging of receivables that are past due:	0		0
Notes Receivable | Greater than 60 days and less than 90 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aging of receivables that are past due:	0		0
Notes Receivable | Greater than 90 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aging of receivables that are past due:	0.2		$ 0.2
Trade and Other Receivable
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	6.8	7.2
Provision for doubtful accounts, net of recoveries	0.2	(0.5)
Charge-off of accounts	(0.1)	(0.2)
Foreign currency translation	0	0
Allowance for doubtful accounts at end of period	$ 6.9	$ 6.5

Receivables (Details 3)

Receivables (Details 3) $ in Millions	3 Months Ended
	Dec. 31, 2017USD ($)Party
Notes Receivable | Credit concentration
Finance and notes receivables
Receivables due from third parties (as a percent)	70.00%
Notes Receivable, Concentration Risk, Number of Parties | Party	2
Restructured finance receivables
Finance and notes receivables
Financing receivable, modifications, recorded investment	$ 3
Restructured notes receivables
Finance and notes receivables
Financing receivable, modifications, recorded investment	$ 6.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2017	Sep. 30, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 606	$ 578.1
Partially finished products	347.3	336.6
Finished products	378.5	398.1
Inventories at FIFO cost	1,331.8	1,312.8
Less: Progress/performance-based payments on U.S. government contracts	(27.6)	(31.6)
Excess of FIFO cost over LIFO cost	(84.3)	(82.8)
Inventory net	$ 1,219.9	$ 1,198.4

Property, Plant and Equipment48

Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017
Property, plant and equipment
Property, plant and equipment, gross	$ 1,194.4		$ 1,188.8
Less accumulated depreciation	(736.4)		(718.9)
Property, plant and equipment, net	458		469.9
Depreciation expenses	20.1	$ 18.9
Land and land improvements
Property, plant and equipment
Property, plant and equipment, gross	58.1		58.5
Buildings
Property, plant and equipment
Property, plant and equipment, gross	298.2		298.5
Machinery and equipment
Property, plant and equipment
Property, plant and equipment, gross	657.6		652.2
Software and related costs
Property, plant and equipment
Property, plant and equipment, gross	151.7		149.6
Equipment on operating lease to others
Property, plant and equipment
Property, plant and equipment, gross	28.8		30
Equipment on operating lease, net	$ 19.8		$ 21.6
Equipment on operating lease to others | Minimum
Property, plant and equipment
Estimated useful life (in years)	5 years
Equipment on operating lease to others | Maximum
Property, plant and equipment
Estimated useful life (in years)	10 years

Goodwill and Purchased Intang49

Goodwill and Purchased Intangible Assets (Details) $ in Millions	3 Months Ended
	Dec. 31, 2017USD ($)
Changes in goodwill
Net goodwill at the beginning of the period	$ 1,013
Foreign currency translation	2.8
Net goodwill at the end of the period	1,015.8
Access Equipment
Changes in goodwill
Net goodwill at the beginning of the period	885.9
Foreign currency translation	2.9
Net goodwill at the end of the period	888.8
Fire & Emergency
Changes in goodwill
Net goodwill at the beginning of the period	106.1
Foreign currency translation	0
Net goodwill at the end of the period	106.1
Commercial
Changes in goodwill
Net goodwill at the beginning of the period	21
Foreign currency translation	(0.1)
Net goodwill at the end of the period	$ 20.9

Goodwill and Purchased Intang50

Goodwill and Purchased Intangible Assets (Details 2) - USD ($) $ in Millions	Dec. 31, 2017	Sep. 30, 2017
Details of the Company's goodwill allocated to the reportable segments
Gross	$ 2,125.8	$ 2,123
Accumulated Impairment	(1,110)	(1,110)
Net	1,015.8	1,013
Access Equipment
Details of the Company's goodwill allocated to the reportable segments
Gross	1,820.9	1,818
Accumulated Impairment	(932.1)	(932.1)
Net	888.8	885.9
Fire & Emergency
Details of the Company's goodwill allocated to the reportable segments
Gross	108.1	108.1
Accumulated Impairment	(2)	(2)
Net	106.1	106.1
Commercial
Details of the Company's goodwill allocated to the reportable segments
Gross	196.8	196.9
Accumulated Impairment	(175.9)	(175.9)
Net	$ 20.9	$ 21

Goodwill and Purchased Intang51

Goodwill and Purchased Intangible Assets (Details 3) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017
Purchased intangible assets
Weighted- Average Life (in years)	14 years 5 months	14 years 5 months
Gross	$ 731.6	$ 731.5
Accumulated Amortization	(622.1)	(611.5)
Net	109.5	120
Non-amortizable trade names	387.8	387.8
Intangible assets excluding goodwill, gross	1,119.4	1,119.3
Purchased intangible assets, net	497.3	$ 507.8
Future amortization expense of purchased intangible assets for the five years succeeding fiscal year 2017
2018 (remaining nine months)	27.7
2,019	36.9
2,020	11
2,021	5.3
2,022	4.9
2,023	$ 3.5
Distribution network
Purchased intangible assets
Weighted- Average Life (in years)	39 years 1 month	39 years 1 month
Gross	$ 55.4	$ 55.4
Accumulated Amortization	(29.8)	(29.5)
Net	$ 25.6	$ 25.9
Technology-related
Purchased intangible assets
Weighted- Average Life (in years)	11 years 11 months	11 years 11 months
Gross	$ 104.7	$ 104.7
Accumulated Amortization	(101.2)	(99.7)
Net	$ 3.5	$ 5
Customer relationships
Purchased intangible assets
Weighted- Average Life (in years)	12 years 9 months	12 years 9 months
Gross	$ 555	$ 555
Accumulated Amortization	(476.3)	(467.6)
Net	$ 78.7	$ 87.4
Other
Purchased intangible assets
Weighted- Average Life (in years)	16 years 5 months	16 years 4 months
Gross	$ 16.5	$ 16.4
Accumulated Amortization	(14.8)	(14.7)
Net	$ 1.7	$ 1.7

Credit Agreements (Details)

Credit Agreements (Details)	1 Months Ended		3 Months Ended
	Mar. 31, 2015USD ($)	Feb. 28, 2014USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jan. 31, 2015USD ($)	Mar. 21, 2014USD ($)
Long term debt
Principal			$ 830,000,000	$ 835,000,000
Debt Issuance Costs			(6,600,000)	(7,100,000)
Debt, Net			823,400,000	827,900,000
Long term debt net of current maturities			803,400,000	807,900,000
Other Short-term Borrowings			9,700,000	3,000,000
Current maturities of long-term debt			(20,000,000)	(20,000,000)
Revolving line of credit and current maturities of long-term debt			$ 29,700,000	23,000,000
Credit agreement
Long term debt
Interest spread in basis points (as a percent)			1.50%
Maximum leverage ratio			4.50
Minimum interest coverage ratio			2.50
Maximum senior secured leverage ratio			3
Debt instrument, covenant terms, senior secured leverage ratio without collateral			3.75
Dividend payment restriction under credit agreement
Percentage of consolidated net income of the Company and its subsidiaries accrued on a cumulative basis during the period beginning on January 1, 2010 and ending on the last day of the fiscal quarter			50.00%
Percentage of consolidated net deficit of the Company and its subsidiaries accrued on a cumulative basis during the period beginning on January 1, 2010 and ending on the last day of the fiscal quarter			100.00%
Percentage of aggregate net proceeds received by the Company subsequent to March 3, 2010 as a contribution to its common equity or from the issuance and sale of its Common Stock			100.00%
Credit agreement | Minimum
Long term debt
Revolving credit facility, unused commitment fee rate (as a percent)			0.225%
Credit agreement | Maximum
Long term debt
Revolving credit facility, unused commitment fee rate (as a percent)			0.35%
Senior Secured Term Loan
Long term debt
Principal			$ 330,000,000	335,000,000
Debt Issuance Costs			(700,000)	(800,000)
Debt, Net			329,300,000	$ 334,200,000		$ 400,000,000
Quarterly principal installment, at commencement			5,000,000
Payment due at maturity			$ 310,000,000
Weighted-average interest rate (as a percent)			2.85%
Revolving credit facility
Long term debt
Maximum borrowing capacity					$ 850,000,000	$ 600,000,000
Available borrowing capacity			$ 755,100,000
5.375% Senior Notes due March 2022
Long term debt
Debt instrument interest rate (as a percent)		5.375%	5.375%	5.375%
Principal			$ 250,000,000	$ 250,000,000
Debt Issuance Costs			(3,300,000)	(3,500,000)
Debt, Net			246,700,000	246,500,000
Dividend payment restriction under credit agreement
Debt issued		$ 250,000,000
Fair value of debt			$ 257,000,000	$ 260,000,000
5.375% Senior Notes due March 2025
Long term debt
Debt instrument interest rate (as a percent)	5.375%		5.375%	5.375%
Principal			$ 250,000,000	$ 250,000,000
Debt Issuance Costs			(2,600,000)	(2,800,000)
Debt, Net			247,400,000	247,200,000
Dividend payment restriction under credit agreement
Debt issued	$ 250,000,000
Fair value of debt			264,000,000	$ 264,000,000
Letter of credit
Long term debt
Letters of credit outstanding			$ 94,900,000
Letter of credit fees percentage on available borrowing capacity, low end of range (as a percent)			0.625%
Letter of credit fees percentage on available borrowing capacity, high end of range (as a percent)			2.00%
Credit agreement - dollar-denominated loans | Federal funds rate
Long term debt
Interest spread in basis points (as a percent)			0.50%
Credit agreement - dollar-denominated loans | LIBOR
Long term debt
Interest spread in basis points (as a percent)			1.00%

Warranties (Details)

Warranties (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Product Warranty Liability [Line Items]
Extended product warranty accrual	$ 30.8	$ 29.4
Changes in warranty liability
Balance at beginning of period	98.8	89.6
Warranty provisions	12	10.7
Settlements made	(12.8)	(11.9)
Changes in liability for pre-existing warranties, net	1.2	(1.1)
Premiums received	2.6	2.8
Amortization of premiums received	(2.6)	(2.9)
Foreign currency translation	0.1	(1)
Balance at end of period	$ 99.3	$ 86.2
Minimum
Product Warranty Liability [Line Items]
Product warranty term	6 months
Maximum
Product Warranty Liability [Line Items]
Product warranty term	5 years

Guarantee Arrangements (Details

Guarantee Arrangements (Details) - Indirect guarantee of deferred payment and lease payment agreements member - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Guarantee Obligations
Guarantee obligations, maximum exposure	$ 665.3
Aggregate amount of indebtedness which the Company is a party to through guarantee agreements	122.8
Changes in provision for loss on customer guarantees
Balance at beginning of period	9.1	$ 8.4
Provision for new credit guarantees	1.3	0.6
Changes for pre-existing guarantees, net	0	0.1
Amortization of previous guarantees	(0.6)	(0.5)
Guarantee Obligations Currency Translation Increase (Decrease)	0	(0.1)
Balance at end of period	$ 9.8	$ 8.5

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Millions	3 Months Ended	28 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Aug. 31, 2015
Stockholders' Equity Note [Abstract]
Number of shares of common stock authorized for buyback (in shares)			10,000,000
Remaining number of shares authorized to be repurchased (in shares)	6,764,574	6,764,574	10,299,198
Treasury stock, shares, acquired (in shares)	748,000	3,534,624
Treasury stock cumulative value acquired cost method		$ 175.7
Treasury Stock, Value, Acquired, Cost Method	$ 63.7

Fair Value Measurement (Details

Fair Value Measurement (Details) - Fair value measured on recurring basis - USD ($) $ in Millions		Dec. 31, 2017	Sep. 30, 2017
Assets:
SERP plan assets	[1]	$ 22.2	$ 21.7
Foreign currency exchange derivatives	[2]	0.8	0.5
Interest rate contracts	[3]	0.3	0.3
Liabilities:
Foreign currency exchange derivatives	[2]	0.9	1.2
Interest rate contracts	[3]	0.2	0.7
Level 1
Assets:
SERP plan assets	[1]	22.2	21.7
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]	0	0
Liabilities:
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]	0	0
Level 2
Assets:
SERP plan assets	[1]	0	0
Foreign currency exchange derivatives	[2]	0.8	0.5
Interest rate contracts	[3]	0.3	0.3
Liabilities:
Foreign currency exchange derivatives	[2]	0.9	1.2
Interest rate contracts	[3]	0.2	0.7
Level 3
Assets:
SERP plan assets	[1]	0	0
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]	0	0
Liabilities:
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]	$ 0	$ 0
[1]	Represents investments in a rabbi trust for the Company's non-qualified supplemental executive retirement plan (SERP). The fair values of these investments are determined using a market approach. Investments include mutual funds for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income.
[2]	Based on observable market transactions of forward currency prices.
[3]	Based on observable market transactions of interest rate swap prices.

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 8.5	$ 7.9
Stock-based compensation expense, net of tax	$ 6.6	$ 5
2017 Stock Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance stock awards (in shares)	8,175,910

Restructuring and Other Charg58

Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 06, 2017	Jan. 26, 2017	Sep. 21, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 5.8	$ 1.1
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1.9	0.4
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3.9	0.7
Employee Severance and Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3.7	1.1
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1.1
Access Equipment
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	73
Restructuring charges	3.3	0.7
Access Equipment | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Access Equipment | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3.3	0.7
Access Equipment | Operating Expense
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	30
Restructuring charges	13
Restructuring and Related Cost, Expected Cost Remaining	6
Commercial
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges			$ 4
Restructuring charges	2.5	0.4
Commercial | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1.9	0.4
Commercial | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.6	0
Minimum | Access Equipment
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges				$ 48
Maximum | Access Equipment
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges				$ 53
Access Equipment Restructuring Plan 1 | Access Equipment
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges					$ 3
Restructuring charges	0.2	$ 0.7
Access Equipment Restructuring Plan 2 | Access Equipment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3.1
Restructuring and Related Cost, Expected Cost Remaining	$ 4

Restructuring and Other Charg59

Restructuring and Other Charges (Details 2) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 20.8
Restructuring provision	5.8	$ 1.1
Utilized - cash	(8)
Utilized - noncash	(1)
Foreign currency translation	0.3
Ending Balance	17.9
Employee Severance and Termination Benefits
Restructuring Reserve [Roll Forward]
Beginning Balance	19.8	0.9
Restructuring provision	3.7	1.1
Utilized - cash	(7)	(0.3)
Utilized - noncash	0
Foreign currency translation	0.3
Ending Balance	16.8	1.7
Property, Plant and Equipment Impairment
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Restructuring provision	1
Utilized - cash	0
Utilized - noncash	(1)
Foreign currency translation	0
Ending Balance	0
Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	1
Restructuring provision	1.1
Utilized - cash	(1)
Utilized - noncash	0
Foreign currency translation	0
Ending Balance	1.1
Access Equipment
Restructuring Reserve [Roll Forward]
Restructuring provision	3.3	0.7
Commercial
Restructuring Reserve [Roll Forward]
Restructuring provision	2.5	0.4
Cost of Sales
Restructuring Reserve [Roll Forward]
Restructuring provision	3.9	0.7
Cost of Sales | Access Equipment
Restructuring Reserve [Roll Forward]
Restructuring provision	3.3	0.7
Cost of Sales | Commercial
Restructuring Reserve [Roll Forward]
Restructuring provision	0.6	0
Selling, General and Administrative Expenses
Restructuring Reserve [Roll Forward]
Restructuring provision	1.9	0.4
Selling, General and Administrative Expenses | Access Equipment
Restructuring Reserve [Roll Forward]
Restructuring provision	0	0
Selling, General and Administrative Expenses | Commercial
Restructuring Reserve [Roll Forward]
Restructuring provision	$ 1.9	$ 0.4

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension benefit
Components of net periodic benefit cost
Service cost	$ 3.1	$ 3.3
Interest cost	4.5	4.4
Expected return on plan assets	(5)	(4.5)
Amortization of prior service cost	0.4	0.4
Amortization of net actuarial loss	0.5	1
Net periodic benefit cost	3.5	4.6
Other post-employment benefit
Components of net periodic benefit cost
Service cost	0.9	0.6
Interest cost	0.5	0.4
Amortization of prior service cost	(0.2)	(0.2)
Amortization of net actuarial loss	0	0.1
Net periodic benefit cost	$ 1.2	$ 0.9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Effective income tax rate (as a percent)	7.80%	21.80%
Income tax expense	$ 4.7	$ 5.2
Income tax expense (benefit), tax credit, discrete items	(10.3)	(2.8)
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	3.3
Other Tax Expense (Benefit)	(6.5)
Gross unrecognized tax benefits, excluding income tax penalties and interest	37.3			$ 37.2
Net unrecognized tax benefits, excluding interest and penalties that would affect the Company's net income if recognized	21.1
Interest and penalties benefit (cost)	0.3	0.4
Accruals for payment of interest and penalties	10.2
Estimated reduction in unrecognized tax benefits due to tax audit resolutions during the next twelve months	3
State and Local Jurisdiction [Member]
Valuation allowance, deferred tax asset, increase (decrease), amount		(2.1)
Domestic Tax Authority [Member]
Valuation allowance, deferred tax asset, increase (decrease), amount		$ (0.7)
Tax Reform [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Deferred Federal Income Tax Expense (Benefit)	23.9
Current Foreign Income Tax Expense (Benefit)	$ (17.4)

Accumulated Other Comprehensi62

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ 2,307.4
Total other comprehensive income (loss), net of tax	2.6	$ (29.6)
Balance at end of period	2,293.4
Employee Pension and Postretirement Benefits, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(46.2)	(73.9)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	0.5	0.8
Total other comprehensive income (loss), net of tax	0.5	0.8
Balance at end of period	(45.7)	(73.1)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(78.6)	(101.1)
Other comprehensive income (loss) before reclassifications	2.1	(30.4)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Total other comprehensive income (loss), net of tax	2.1	(30.4)
Balance at end of period	(76.5)	(131.5)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(0.2)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from accumulated other comprehensive income (loss)	0
Total other comprehensive income (loss), net of tax	0
Balance at end of period	(0.2)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(125)	(175)
Other comprehensive income (loss) before reclassifications	2.1	(30.4)
Amounts reclassified from accumulated other comprehensive income (loss)	0.5	0.8
Total other comprehensive income (loss), net of tax	2.6	(29.6)
Balance at end of period	$ (122.4)	$ (204.6)

Accumulated Other Comprehensi63

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Employee Pension and Postretirement Benefits, Net of Tax
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit	$ 0.2	$ 0.5
Net of tax	0.5	0.8
Total before tax	0.7	1.3
Prior service costs
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	0.2	0.2
Actuarial losses
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	$ 0.5	$ 1.1

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Basic Earnings Per Share:
Weighted-average common shares outstanding (in shares)	74,846,829	74,280,377
Diluted Earnings Per Share:
Basic weighted-average common shares outstanding (in shares)	74,846,829	74,280,377
Dilutive stock options and other equity-based compensation awards (in shares)	1,177,636	1,104,540
Diluted weighted-average common shares outstanding (in shares)	76,024,465	75,384,917

Earnings Per Share (Details 2)

Earnings Per Share (Details 2) - shares	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Stock options (in shares)	261,675	393,975

Contingencies, Significant Es66

Contingencies, Significant Estimates and Concentrations (Details) - USD ($)	3 Months Ended
	Dec. 31, 2017	Sep. 30, 2017
Personal injury actions and other
Loss contingencies
Maximum self-insurance available per claim	$ 5,000,000
Reserve for loss contingencies	40,000,000	$ 39,100,000
Performance and specialty bonds
Loss contingencies
Commitments and contingencies	630,300,000	598,400,000
Standby letters of credit
Loss contingencies
Commitments and contingencies	$ 94,900,000	$ 96,900,000

Business Segment Information (D

Business Segment Information (Details)	3 Months Ended
	Dec. 31, 2017segment
Segment Reporting [Abstract]
Number of reportable segments of entity (in segments)	4

Business Segment Information 68

Business Segment Information (Details 2) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net sales:
Net sales	$ 1,586.3	$ 1,211.4
Operating income (loss) from continuing operations:
Operating income (loss):	73.8	36.2
Interest expense, net of interest income	(13.7)	(13.9)
Miscellaneous other income	0.5	1.3
Income before income taxes and equity in earnings of unconsolidated affiliates	60.6	23.6
Access Equipment
Net sales:
Net sales	628.2	489.2
Operating income (loss) from continuing operations:
Operating income (loss):	13.8	24.4
Access Equipment | Aerial work platforms
Net sales:
Net sales	323.5	233.7
Access Equipment | Telehandlers
Net sales:
Net sales	129.5	93.3
Access Equipment | Other
Net sales:
Net sales	175.2	162.2
Defense
Net sales:
Net sales	493.2	294.2
Operating income (loss) from continuing operations:
Operating income (loss):	65.2	23.8
Fire & Emergency
Net sales:
Net sales	224.9	229.1
Operating income (loss) from continuing operations:
Operating income (loss):	25.1	17
Commercial
Net sales:
Net sales	239.7	198.1
Operating income (loss) from continuing operations:
Operating income (loss):	8.3	4.6
Commercial | Concrete placement
Net sales:
Net sales	111.5	84.4
Commercial | Refuse collection
Net sales:
Net sales	101.2	92.2
Commercial | Other
Net sales:
Net sales	27	21.5
Intersegment eliminations
Net sales:
Net sales	0.3	0.8
Operating segments
Net sales:
Net sales	1,586.3	1,211.4
Operating segments | Access Equipment
Net sales:
Net sales	628.2	489.2
Operating segments | Access Equipment | Aerial work platforms
Net sales:
Net sales	323.5	233.7
Operating segments | Access Equipment | Telehandlers
Net sales:
Net sales	129.5	93.3
Operating segments | Access Equipment | Other
Net sales:
Net sales	175.2	162.2
Operating segments | Defense
Net sales:
Net sales	493.5	294.5
Operating segments | Fire & Emergency
Net sales:
Net sales	229.1	232.5
Operating segments | Commercial
Net sales:
Net sales	241.4	199.2
Operating segments | Commercial | Concrete placement
Net sales:
Net sales	111.5	84.4
Operating segments | Commercial | Refuse collection
Net sales:
Net sales	101.2	92.2
Operating segments | Commercial | Other
Net sales:
Net sales	28.7	22.6
Operating segments | Intersegment eliminations
Net sales:
Net sales	(5.9)	(4)
Corporate, non-segment
Operating income (loss) from continuing operations:
Operating income (loss):	(38.6)	(33.6)
Intersegment eliminations
Net sales:
Net sales	0	0
Intersegment eliminations | Access Equipment
Net sales:
Net sales	0	0
Intersegment eliminations | Access Equipment | Aerial work platforms
Net sales:
Net sales	0	0
Intersegment eliminations | Access Equipment | Telehandlers
Net sales:
Net sales	0	0
Intersegment eliminations | Access Equipment | Other
Net sales:
Net sales	0	0
Intersegment eliminations | Defense
Net sales:
Net sales	0.3	0.3
Intersegment eliminations | Fire & Emergency
Net sales:
Net sales	4.2	3.4
Intersegment eliminations | Commercial
Net sales:
Net sales	1.7	1.1
Intersegment eliminations | Commercial | Concrete placement
Net sales:
Net sales	0	0
Intersegment eliminations | Commercial | Refuse collection
Net sales:
Net sales	0	0
Intersegment eliminations | Commercial | Other
Net sales:
Net sales	1.7	1.1
Intersegment eliminations | Intersegment eliminations
Net sales:
Net sales	$ (6.2)	$ (4.8)

Business Segment Information 69

Business Segment Information (Details 3) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017
Revenue and assets by geography
Identifiable assets		$ 4,962.1		$ 5,098.9
Net sales		1,586.3	$ 1,211.4
United States
Revenue and assets by geography
Net sales		1,233.2	1,018.3
Other North America
Revenue and assets by geography
Net sales		43.5	35.7
Europe, Africa and Middle East
Revenue and assets by geography
Net sales		235.5	71.6
Rest of the World
Revenue and assets by geography
Net sales		74.1	85.8
Access Equipment
Revenue and assets by geography
Net sales		628.2	489.2
Defense
Revenue and assets by geography
Net sales		493.2	294.2
Fire & Emergency
Revenue and assets by geography
Net sales		224.9	229.1
Commercial
Revenue and assets by geography
Net sales		239.7	198.1
Operating segments
Revenue and assets by geography
Net sales		1,586.3	1,211.4
Operating segments | Access Equipment
Revenue and assets by geography
Identifiable assets		2,651.5		2,692.6
Net sales		628.2	489.2
Operating segments | Access Equipment | United States
Revenue and assets by geography
Identifiable assets		1,884.5		1,905.5
Operating segments | Access Equipment | Europe
Revenue and assets by geography
Identifiable assets		525		541
Operating segments | Access Equipment | Rest of the World
Revenue and assets by geography
Identifiable assets		242		246.1
Operating segments | Defense
Revenue and assets by geography
Identifiable assets		824.5		782.1
Net sales		493.5	294.5
Operating segments | Defense | United States
Revenue and assets by geography
Identifiable assets		818		775.1
Operating segments | Defense | Rest of the World
Revenue and assets by geography
Identifiable assets		6.5		7
Operating segments | Fire & Emergency
Revenue and assets by geography
Net sales		229.1	232.5
Operating segments | Fire & Emergency | United States
Revenue and assets by geography
Identifiable assets		526.9		552.6
Operating segments | Commercial
Revenue and assets by geography
Identifiable assets		400.6		419.6
Net sales		241.4	$ 199.2
Operating segments | Commercial | United States
Revenue and assets by geography
Identifiable assets		359.4		377.3
Operating segments | Commercial | Rest of the World
Revenue and assets by geography
Identifiable assets		41.2		42.3
Corporate, non-segment
Revenue and assets by geography
Identifiable assets		558.6		652
Corporate, non-segment | United States
Revenue and assets by geography
Identifiable assets	[1]	457.5		543.9
Corporate, non-segment | Rest of the World
Revenue and assets by geography
Identifiable assets	[2]	$ 101.1		$ 108.1
[1]	Primarily includes cash and short-term investments.
[2]	Primarily includes a corporate-led manufacturing facility that supports multiple operating segments.

Separate Financial Informatio70

Separate Financial Information of Subsidiary Guarantors of Indebtedness (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Condensed Consolidating Statements of Income
Net sales	$ 1,586.3	$ 1,211.4
Cost of sales	1,344.1	1,011.7
Gross income	242.2	199.7
Selling, general and administrative	157.8	151
Amortization of purchased intangibles	10.6	12.5
Operating income	73.8	36.2
Interest expense	(15.4)	(14.7)
Interest income	1.7	0.8
Miscellaneous, net	0.5	1.3
Income before income taxes and equity in earnings of unconsolidated affiliates	60.6	23.6
Provision for income taxes	4.7	5.2
Income before equity in earnings of unconsolidated affiliates	55.9	18.4
Equity in earnings of consolidated subsidiaries	0	0
Equity in earnings of unconsolidated affiliates	0.5	0.8
Net income	56.4	19.2
Other comprehensive income (loss), net of tax	2.6	(29.6)
Comprehensive income	59	(10.4)
Reportable legal entities | Oshkosh Corporation
Condensed Consolidating Statements of Income
Net sales	0	0
Cost of sales	(0.9)	(0.8)
Gross income	0.9	0.8
Selling, general and administrative	37.8	31.6
Amortization of purchased intangibles	0	0
Operating income	(36.9)	(30.8)
Interest expense	(19)	(13.6)
Interest income	1.3	0.7
Miscellaneous, net	25.2	22.5
Income before income taxes and equity in earnings of unconsolidated affiliates	(29.4)	(21.2)
Provision for income taxes	3	(5.1)
Income before equity in earnings of unconsolidated affiliates	(32.4)	(16.1)
Equity in earnings of consolidated subsidiaries	88.8	35.3
Equity in earnings of unconsolidated affiliates	0	0
Net income	56.4	19.2
Other comprehensive income (loss), net of tax	2.6	(29.6)
Comprehensive income	59	(10.4)
Reportable legal entities | Guarantor Subsidiaries
Condensed Consolidating Statements of Income
Net sales	1,372.2	1,049.8
Cost of sales	1,153	874.5
Gross income	219.2	175.3
Selling, general and administrative	90.3	91.5
Amortization of purchased intangibles	9.2	9.6
Operating income	119.7	74.2
Interest expense	(13.5)	(13.6)
Interest income	8	4.1
Miscellaneous, net	(62)	(52.2)
Income before income taxes and equity in earnings of unconsolidated affiliates	52.2	12.5
Provision for income taxes	36.6	3
Income before equity in earnings of unconsolidated affiliates	15.6	9.5
Equity in earnings of consolidated subsidiaries	57.1	15.7
Equity in earnings of unconsolidated affiliates	0	0
Net income	72.7	25.2
Other comprehensive income (loss), net of tax	0.2	(0.9)
Comprehensive income	72.9	24.3
Reportable legal entities | Non-Guarantor Subsidiaries
Condensed Consolidating Statements of Income
Net sales	267.9	202.9
Cost of sales	245.7	179.5
Gross income	22.2	23.4
Selling, general and administrative	29.7	27.9
Amortization of purchased intangibles	1.4	2.9
Operating income	(8.9)	(7.4)
Interest expense	(0.8)	(0.5)
Interest income	10.3	9
Miscellaneous, net	37.3	31
Income before income taxes and equity in earnings of unconsolidated affiliates	37.9	32.1
Provision for income taxes	(35.1)	7.2
Income before equity in earnings of unconsolidated affiliates	73	24.9
Equity in earnings of consolidated subsidiaries	(31.6)	(10.7)
Equity in earnings of unconsolidated affiliates	0.5	0.8
Net income	41.9	15
Other comprehensive income (loss), net of tax	2.2	(29.2)
Comprehensive income	44.1	(14.2)
Eliminations
Condensed Consolidating Statements of Income
Net sales	(53.8)	(41.3)
Cost of sales	(53.7)	(41.5)
Gross income	(0.1)	0.2
Selling, general and administrative	0	0
Amortization of purchased intangibles	0	0
Operating income	(0.1)	0.2
Interest expense	17.9	13
Interest income	(17.9)	(13)
Miscellaneous, net	0	0
Income before income taxes and equity in earnings of unconsolidated affiliates	(0.1)	0.2
Provision for income taxes	0.2	0.1
Income before equity in earnings of unconsolidated affiliates	(0.3)	0.1
Equity in earnings of consolidated subsidiaries	(114.3)	(40.3)
Equity in earnings of unconsolidated affiliates	0	0
Net income	(114.6)	(40.2)
Other comprehensive income (loss), net of tax	(2.4)	30.1
Comprehensive income	$ (117)	$ (10.1)

Separate Financial Informatio71

Separate Financial Information of Subsidiary Guarantors of Indebtedness (Details 2) - USD ($) $ in Millions	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Current assets:
Cash and cash equivalents	$ 379.1	$ 447	$ 369.6	$ 321.9
Receivables, net	1,229.4	1,306.3
Inventories, net	1,219.9	1,198.4
Other current assets	88.2	88.1
Total current assets	2,916.6	3,039.8
Investment in and advances to consolidated subsidiaries	0	0
Intercompany receivables	0	0
Intangible assets, net	1,513.1	1,520.8
Other long-term assets	532.4	538.3
Total assets	4,962.1	5,098.9
Current liabilities:
Accounts payable	554.8	651
Customer advances	551.3	513.4
Other current liabilities	459.3	518.7
Total current liabilities	1,565.4	1,683.1
Long-term debt, less current maturities	803.4	807.9
Intercompany payables	0	0
Other long-term liabilities	299.9	300.5
Total shareholders' equity	2,293.4	2,307.4
Total liabilities and shareholders' equity	4,962.1	5,098.9
Reportable legal entities | Oshkosh Corporation
Current assets:
Cash and cash equivalents	347.3	399.5	323.5	285.4
Receivables, net	22.8	28.3
Inventories, net	0	0
Other current assets	45.9	45.4
Total current assets	416	473.2
Investment in and advances to consolidated subsidiaries	3,209	3,138.3
Intercompany receivables	47.9	48
Intangible assets, net	0	0
Other long-term assets	107.6	69.1
Total assets	3,780.5	3,728.6
Current liabilities:
Accounts payable	7.3	11.6
Customer advances	0	0
Other current liabilities	104.4	105.2
Total current liabilities	111.7	116.8
Long-term debt, less current maturities	803.4	807.9
Intercompany payables	468.4	452.9
Other long-term liabilities	103.6	43.6
Total shareholders' equity	2,293.4	2,307.4
Total liabilities and shareholders' equity	3,780.5	3,728.6
Reportable legal entities | Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	6	4.6	4.5	1.7
Receivables, net	996.9	1,025.5
Inventories, net	802.4	819.3
Other current assets	31.4	31.9
Total current assets	1,836.7	1,881.3
Investment in and advances to consolidated subsidiaries	1,411.3	1,340.4
Intercompany receivables	260.1	261.6
Intangible assets, net	900.2	909.5
Other long-term assets	268.7	242.9
Total assets	4,677	4,635.7
Current liabilities:
Accounts payable	433.5	517.2
Customer advances	548	510.7
Other current liabilities	240.6	304.9
Total current liabilities	1,222.1	1,332.8
Long-term debt, less current maturities	0	0
Intercompany payables	1,767.5	1,780.5
Other long-term liabilities	184.3	134.1
Total shareholders' equity	1,503.1	1,388.3
Total liabilities and shareholders' equity	4,677	4,635.7
Reportable legal entities | Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	25.8	42.9	41.6	34.8
Receivables, net	258.9	316.1
Inventories, net	417.5	379.1
Other current assets	10.9	10.8
Total current assets	713.1	748.9
Investment in and advances to consolidated subsidiaries	(84.3)	(59.6)
Intercompany receivables	1,975.8	1,971.8
Intangible assets, net	612.9	611.3
Other long-term assets	156.1	226.3
Total assets	3,373.6	3,498.7
Current liabilities:
Accounts payable	162.8	176.4
Customer advances	3.3	2.7
Other current liabilities	114.7	118
Total current liabilities	280.8	297.1
Long-term debt, less current maturities	0	0
Intercompany payables	47.9	48
Other long-term liabilities	12	122.8
Total shareholders' equity	3,032.9	3,030.8
Total liabilities and shareholders' equity	3,373.6	3,498.7
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Receivables, net	(49.2)	(63.6)
Inventories, net	0	0
Other current assets	0	0
Total current assets	(49.2)	(63.6)
Investment in and advances to consolidated subsidiaries	(4,536)	(4,419.1)
Intercompany receivables	(2,283.8)	(2,281.4)
Intangible assets, net	0	0
Other long-term assets	0	0
Total assets	(6,869)	(6,764.1)
Current liabilities:
Accounts payable	(48.8)	(54.2)
Customer advances	0	0
Other current liabilities	(0.4)	(9.4)
Total current liabilities	(49.2)	(63.6)
Long-term debt, less current maturities	0	0
Intercompany payables	(2,283.8)	(2,281.4)
Other long-term liabilities	0	0
Total shareholders' equity	(4,536)	(4,419.1)
Total liabilities and shareholders' equity	$ (6,869)	$ (6,764.1)

Separate Financial Informatio72

Separate Financial Information of Subsidiary Guarantors of Indebtedness (Details 3) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Condensed financial statements, captions
Net cash provided (used) by operating activities	$ 29.2	$ 83.8
Investing activities:
Additions to property, plant and equipment	(18.7)	(14.2)
Additions to equipment held for rental	(1.2)	(12.9)
Proceeds from sale of equipment held for rental	2.5	5.3
Intercompany investing	0	0
Other investing activities	(0.8)	(0.2)
Net cash used by investing activities	(18.2)	(22)
Financing activities:
Proceeds from issuance of debt (original maturities greater than three months)	6.5	0
Repayments of debt (original maturities greater than three months)	(5)	(20)
Repurchases of Common Stock	(71.1)	(3)
Dividends paid	(18)	(15.6)
Proceeds from exercise of stock options	8.6	26.2
Intercompany financing	0	0
Net cash used by financing activities	(79)	(12.4)
Effect of exchange rate changes on cash	0.1	(1.7)
Increase (decrease) in cash and cash equivalents	(67.9)	47.7
Cash and cash equivalents at beginning of period	447	321.9
Cash and cash equivalents at end of period	379.1	369.6
Reportable legal entities | Oshkosh Corporation
Condensed financial statements, captions
Net cash provided (used) by operating activities	(5.8)	(42.8)
Investing activities:
Additions to property, plant and equipment	(1.5)	(0.4)
Additions to equipment held for rental	0	0
Proceeds from sale of equipment held for rental	0	0
Intercompany investing	0	0
Other investing activities	(0.7)	(0.2)
Net cash used by investing activities	(2.2)	(0.6)
Financing activities:
Proceeds from issuance of debt (original maturities greater than three months)	0
Repayments of debt (original maturities greater than three months)	(5)	(20)
Repurchases of Common Stock	(71.1)	(3)
Dividends paid	(18)	(15.6)
Proceeds from exercise of stock options	8.6	26.2
Intercompany financing	41.3	93.9
Net cash used by financing activities	(44.2)	81.5
Effect of exchange rate changes on cash	0	0
Increase (decrease) in cash and cash equivalents	(52.2)	38.1
Cash and cash equivalents at beginning of period	399.5	285.4
Cash and cash equivalents at end of period	347.3	323.5
Reportable legal entities | Guarantor Subsidiaries
Condensed financial statements, captions
Net cash provided (used) by operating activities	(4.4)	67
Investing activities:
Additions to property, plant and equipment	(11.7)	(9.1)
Additions to equipment held for rental	0	0
Proceeds from sale of equipment held for rental	0	0
Intercompany investing	13	498.1
Other investing activities	(0.1)	0
Net cash used by investing activities	1.2	489
Financing activities:
Proceeds from issuance of debt (original maturities greater than three months)	0
Repayments of debt (original maturities greater than three months)	0	0
Repurchases of Common Stock	0	0
Dividends paid	0	0
Proceeds from exercise of stock options	0	0
Intercompany financing	4.6	(553)
Net cash used by financing activities	4.6	(553)
Effect of exchange rate changes on cash	0	(0.2)
Increase (decrease) in cash and cash equivalents	1.4	2.8
Cash and cash equivalents at beginning of period	4.6	1.7
Cash and cash equivalents at end of period	6	4.5
Reportable legal entities | Non-Guarantor Subsidiaries
Condensed financial statements, captions
Net cash provided (used) by operating activities	39.4	59.6
Investing activities:
Additions to property, plant and equipment	(5.5)	(4.7)
Additions to equipment held for rental	(1.2)	(12.9)
Proceeds from sale of equipment held for rental	2.5	5.3
Intercompany investing	(58.9)	(39)
Other investing activities	0	0
Net cash used by investing activities	(63.1)	(51.3)
Financing activities:
Proceeds from issuance of debt (original maturities greater than three months)	6.5
Repayments of debt (original maturities greater than three months)	0	0
Repurchases of Common Stock	0	0
Dividends paid	0	0
Proceeds from exercise of stock options	0	0
Intercompany financing	0	0
Net cash used by financing activities	6.5	0
Effect of exchange rate changes on cash	0.1	(1.5)
Increase (decrease) in cash and cash equivalents	(17.1)	6.8
Cash and cash equivalents at beginning of period	42.9	34.8
Cash and cash equivalents at end of period	25.8	41.6
Eliminations
Condensed financial statements, captions
Net cash provided (used) by operating activities	0	0
Investing activities:
Additions to property, plant and equipment	0	0
Additions to equipment held for rental	0	0
Proceeds from sale of equipment held for rental	0	0
Intercompany investing	45.9	(459.1)
Other investing activities	0	0
Net cash used by investing activities	45.9	(459.1)
Financing activities:
Proceeds from issuance of debt (original maturities greater than three months)	0
Repayments of debt (original maturities greater than three months)	0	0
Repurchases of Common Stock	0	0
Dividends paid	0	0
Proceeds from exercise of stock options	0	0
Intercompany financing	(45.9)	459.1
Net cash used by financing activities	(45.9)	459.1
Effect of exchange rate changes on cash	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$ 0	$ 0