Oshkosh (OSK) 10-Q 31 Jul 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2018	Jul. 24, 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	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		73,103,190

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenues	$ 2,175.8	$ 2,036.9	$ 5,648.5	$ 4,866.6
Cost of sales	1,772.9	1,650	4,668	4,018.7
Gross income	402.9	386.9	980.5	847.9
Operating expenses:
Selling, general and administrative	171.2	163.9	499.3	484.7
Amortization of purchased intangibles	9.3	11.1	29.1	34.7
Total operating expenses	180.5	175	528.4	519.4
Operating income	222.4	211.9	452.1	328.5
Other income (expense):
Interest expense	(25.4)	(15.3)	(56.9)	(45.1)
Interest income	1.9	1.4	11.7	3.2
Miscellaneous, net	(1.8)	0.6	(2.1)	3.1
Income before income taxes and earnings of unconsolidated affiliates	197.1	198.6	404.8	289.7
Provision for income taxes	44.6	70.1	85.5	98.9
Income before earnings of unconsolidated affiliates	152.5	128.5	319.3	190.8
Equity in earnings of unconsolidated affiliates	0.9	0.1	1.3	1.3
Net income	$ 153.4	$ 128.6	$ 320.6	$ 192.1
Earnings per share:
Basic earnings per share (in dollars per share)	$ 2.08	$ 1.72	$ 4.31	$ 2.57
Diluted earnings per share (in dollars per share)	2.05	1.69	4.25	2.54
Cash dividends declared per share on common stock (in dollars per share)	$ 0.24	$ 0.21	$ 0.72	$ 0.63

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 153.4	$ 128.6	$ 320.6	$ 192.1
Other comprehensive income (loss), net of tax:
Employee pension and postretirement benefits	0.6	0.8	1.6	2.4
Currency translation adjustments	(35.4)	27	(16.8)	7.3
Change in fair value of derivative instruments	0.2	(0.2)	0.5	(0.2)
Total other comprehensive income (loss), net of tax	(34.6)	27.6	(14.7)	9.5
Comprehensive income	$ 118.8	$ 156.2	$ 305.9	$ 201.6

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2018	Sep. 30, 2017
Current assets:
Cash and cash equivalents	$ 371.9	$ 447
Receivables, net	1,567.2	1,306.3
Inventories, net	1,246.8	1,198.4
Other current assets	79.8	88.1
Total current assets	3,265.7	3,039.8
Property, plant and equipment, net	453	469.9
Goodwill	1,009.6	1,013
Purchased intangible assets, net	476.5	507.8
Other long-term assets	69.1	68.4
Total assets	5,273.9	5,098.9
Current liabilities:
Revolving credit facilities and current maturities of long-term debt	0	23
Accounts payable	751.7	651
Customer advances	498.8	513.4
Payroll-related obligations	178.2	191.8
Other current liabilities	308.7	303.9
Total current liabilities	1,737.4	1,683.1
Long-term debt, less current maturities	817.8	807.9
Other long-term liabilities	298.3	300.5
Commitments and contingencies
Shareholders' equity:
Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding)	0	0
Common Stock ($0.01 par value; 300,000,000 shares authorized; 92,101,465 shares issued)	0.9	0.9
Additional paid-in capital	811.4	802.2
Retained earnings	2,666.8	2,399.8
Accumulated other comprehensive loss	(139.7)	(125)
Common Stock in treasury, at cost (18,693,395 and 17,088,224 shares, respectively)	(919)	(770.5)
Total shareholders’ equity	2,420.4	2,307.4
Total liabilities and shareholders' equity	$ 5,273.9	$ 5,098.9

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	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	18,693,395	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	192.1			192.1
Employee pension and postretirement benefits, net of tax	2.4				2.4
Currency translation adjustments	7.3				7.3
Cash dividends	(47.1)			(47.1)
Exercise of stock options	34.2		4.2			30
Stock-based compensation expense	16.8		16.8
Payment of earned performance shares	0		(1.3)			1.3
Shares tendered for taxes on stock-based compensation	(3)					(3)
Other	(0.1)		(3.5)		(0.2)	3.6
Balance at Jun. 30, 2017	2,179.1	0.9	798.5	2,322	(165.5)	(776.8)
Balance at Sep. 30, 2017	2,307.4	0.9	802.2	2,399.8	(125)	(770.5)
Changes in Equity
Net income	320.6			320.6
Employee pension and postretirement benefits, net of tax	1.6				1.6
Currency translation adjustments	(16.8)				(16.8)
Cash dividends	(53.6)			(53.6)
Repurchases of Common Stock	(166.8)					(166.8)
Exercise of stock options	13.2		(3.1)			16.3
Stock-based compensation expense	20.9		20.9
Payment of earned performance shares	0		(2.7)			2.7
Shares tendered for taxes on stock-based compensation	(7.5)					(7.5)
Other	1.4		(5.9)		0.5	6.8
Balance at Jun. 30, 2018	$ 2,420.4	$ 0.9	$ 811.4	$ 2,666.8	$ (139.7)	$ (919)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Statement of Stockholders' Equity [Abstract]
Employee pension and postretirement benefits, net of tax	$ 0.6	$ 1.4
Cash dividends declared per share on common stock (in dollars per share)	$ 0.72	$ 0.63

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities:
Net income	$ 320.6	$ 192.1
Depreciation and amortization	91.1	97.3
Stock-based compensation expense	20.9	16.8
Deferred income taxes	(7.6)	3.8
Gain on sale of assets	(0.3)	(5.2)
Foreign currency transaction (gains) losses	(0.3)	2.1
Gain (Loss) on Extinguishment of Debt	9.9	0
Other non-cash adjustments	2.5	0.4
Changes in operating assets and liabilities	(216.6)	(183.4)
Net cash provided by operating activities	220.2	123.9
Investing activities:
Additions to property, plant and equipment	(56)	(45.2)
Additions to equipment held for rental	(3.5)	(26.3)
Proceeds from sale of equipment held for rental	4.8	42.3
Other investing activities	(0.6)	(1.4)
Net cash used by investing activities	(55.3)	(30.6)
Financing activities:
Net increase in short-term debt	0	3
Proceeds from issuance of debt (original maturities greater than three months)	639.4	0
Repayments of debt (original maturities greater than three months)	(653.8)	(20)
Payments of Debt Issuance Costs	(12.9)	0
Repurchases of Common Stock	(174.3)	(3)
Dividends paid	(53.6)	(47.1)
Proceeds from exercise of stock options	13.2	34.2
Net cash used by financing activities	(242)	(32.9)
Effect of exchange rate changes on cash	2	(9.1)
Increase (decrease) in cash and cash equivalents	(75.1)	51.3
Cash and cash equivalents at beginning of period	447	321.9
Cash and cash equivalents at end of period	371.9	373.2
Supplemental disclosures:
Cash paid for interest	48.8	36.5
Cash paid for income taxes	$ 47.5	$ 40.3

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2018
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	9 Months Ended
	Jun. 30, 2018
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 will be required to adopt the standard as of 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 continued its focus on concluding and documenting key accounting positions during the three months ended June 30, 2018. Primary differences identified to-date include the changing from a point-in-time method to an over time method for certain defense contracts, the exclusion of unexercised options from the estimate to complete calculation used to measure progress on contracts accounted for under the cost-to-cost method of percentage of completion and the deferral of margin on service-type warranties. 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 and related amendments to the standard 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 standard expands and refines hedge accounting for both nonfinancial and financial risk components and aligns 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	9 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Receivables	Receivables Receivables consisted of the following (in millions): June 30, September 30, 2018 2017 U.S. government: Amounts billed $ 55.6 $ 137.8 Costs and profits not billed 229.4 137.9 285.0 275.7 Other trade receivables 1,243.5 985.4 Finance receivables 25.0 5.8 Notes receivable 3.1 34.2 Other receivables 44.2 46.3 1,600.8 1,347.4 Less allowance for doubtful accounts (8.7 ) (18.3 ) $ 1,592.1 $ 1,329.1 Classification of receivables in the Condensed Consolidated Balance Sheets consisted of the following (in millions): June 30, September 30, 2018 2017 Current receivables $ 1,567.2 $ 1,306.3 Long-term receivables (included in “Other long-term assets”) 24.9 22.8 $ 1,592.1 $ 1,329.1 Finance and notes receivable accrual status consisted of the following (in millions): Finance Receivables Notes Receivable June 30, 2018 September 30, 2017 June 30, 2018 September 30, 2017 Receivables on nonaccrual status $ 3.4 $ 3.7 $ — $ 21.3 Receivables past due 90 days or more and still accruing — — — — Receivables subject to general reserves 15.2 2.1 — — Allowance for doubtful accounts (0.3 ) — — — Receivables subject to specific reserves 9.8 3.7 3.1 34.2 Allowance for doubtful accounts (1.6 ) (1.5 ) — (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. As of June 30, 2018 , approximately 94% of the outstanding finance receivables balance was due from three parties. 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 June 30, 2018 , approximately 97% of the outstanding notes receivable balance 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. During the second quarter of fiscal 2018, the Company received $19.6 million from a customer that had previously been accounted for under the cost recovery method of accounting and on non-accrual status. The payment resulted in the recognition of $11.5 million of margin, the reversal of $2.4 million of bad debt expense and the recognition of $6.6 million of interest income for the nine months ended June 30, 2018 . 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. Losses on troubled debt restructurings were not significant during the three and nine months ended June 30, 2018 and 2017 . Changes in the Company’s allowance for doubtful accounts by type of receivable were as follows (in millions): Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Finance Notes Trade and Other Total Finance Notes Trade and Other Total Allowance for doubtful accounts at beginning of period $ 1.7 $ 3.8 $ 7.4 $ 12.9 $ 2.5 $ 11.3 $ 5.7 $ 19.5 Provision for doubtful accounts, net of recoveries 0.2 0.2 (0.4 ) — — (0.6 ) 0.7 0.1 Charge-off of accounts — (3.7 ) (0.1 ) (3.8 ) (0.8 ) (0.5 ) (0.1 ) (1.4 ) Foreign currency translation — (0.3 ) (0.1 ) (0.4 ) — 0.7 0.1 0.8 Allowance for doubtful accounts at end of period $ 1.9 $ — $ 6.8 $ 8.7 $ 1.7 $ 10.9 $ 6.4 $ 19.0 Nine Months Ended June 30, 2018 Nine Months Ended June 30, 2017 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 0.4 (8.3 ) 0.4 (7.5 ) 1.5 (1.3 ) 0.3 0.5 Charge-off of accounts — (1.7 ) (0.3 ) (2.0 ) (0.8 ) (1.0 ) (1.1 ) (2.9 ) Foreign currency translation — — (0.1 ) (0.1 ) — 0.2 — 0.2 Allowance for doubtful accounts at end of period $ 1.9 $ — $ 6.8 $ 8.7 $ 1.7 $ 10.9 $ 6.4 $ 19.0

Inventories

Inventories	9 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in millions): June 30, September 30, 2018 2017 Raw materials $ 637.2 $ 578.1 Partially finished products 346.1 336.6 Finished products 366.1 398.1 Inventories at FIFO cost 1,349.4 1,312.8 Less: Progress/performance-based payments on U.S. government contracts (12.5 ) (31.6 ) Excess of FIFO cost over LIFO cost (90.1 ) (82.8 ) $ 1,246.8 $ 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	9 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consisted of the following (in millions): June 30, September 30, 2018 2017 Land and land improvements $ 58.5 $ 58.5 Buildings 295.9 298.5 Machinery and equipment 661.2 652.2 Software and related costs 158.5 149.6 Equipment on operating lease to others 28.0 30.0 Construction in progress 5.0 — 1,207.1 1,188.8 Less accumulated depreciation (754.1 ) (718.9 ) $ 453.0 $ 469.9 Depreciation expense was $20.0 million and $21.1 million for the three months ended June 30, 2018 and 2017 , respectively. Depreciation expense was $60.0 million and $60.4 million for the nine months ended June 30, 2018 and 2017 , 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 June 30, 2018 and September 30, 2017 was $17.9 million and $21.6 million , respectively.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	9 Months Ended
	Jun. 30, 2018
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 nine months ended June 30, 2018 (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 (3.2 ) — (0.2 ) (3.4 ) Net goodwill at June 30, 2018 $ 882.7 $ 106.1 $ 20.8 $ 1,009.6 The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions): June 30, 2018 September 30, 2017 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Access equipment $ 1,814.8 $ (932.1 ) $ 882.7 $ 1,818.0 $ (932.1 ) $ 885.9 Fire & emergency 108.1 (2.0 ) 106.1 108.1 (2.0 ) 106.1 Commercial 196.7 (175.9 ) 20.8 196.9 (175.9 ) 21.0 $ 2,119.6 $ (1,110.0 ) $ 1,009.6 $ 2,123.0 $ (1,110.0 ) $ 1,013.0 Details of the Company’s total purchased intangible assets are as follows (in millions): June 30, 2018 Weighted- Average Life (in years) Gross Accumulated Amortization Net Amortizable intangible assets: Distribution network 39.1 $ 55.4 $ (30.5 ) $ 24.9 Technology-related 11.9 104.7 (101.6 ) 3.1 Customer relationships 12.8 555.0 (493.6 ) 61.4 Other 16.3 16.5 (14.9 ) 1.6 14.7 731.6 (640.6 ) 91.0 Non-amortizable trade names 385.5 — 385.5 $ 1,117.1 $ (640.6 ) $ 476.5 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 three months) - $9.2 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	9 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Credit Agreements	Credit Agreements The Company was obligated under the following debt instruments (in millions): June 30, 2018 Principal Debt Issuance Costs Debt, Net Senior Term Loan $ 275.0 $ (0.8 ) $ 274.2 5.375% Senior Notes due March 2025 250.0 (2.5 ) 247.5 4.600% Senior Notes due May 2028 300.0 (3.9 ) 296.1 $ 825.0 $ (7.2 ) $ 817.8 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 On April 3, 2018, the Company entered into a Second Amended and Restated Credit Agreement with various lenders (the “Credit Agreement”). The Credit Agreement provides for (i) an unsecured revolving credit facility (the “Revolving Credit Facility”) that matures in April 2023 with an initial maximum aggregate amount of availability of $850 million and (ii) an unsecured $325 million term loan (the “Term Loan”) due in quarterly principal installments of $4.1 million commencing September 30, 2019 with a balloon payment of $264.1 million due at maturity in April 2023. As a result of the amendment, the Company accelerated the expensing of $0.2 million of debt issuance costs previously capitalized with the former credit agreement. In addition, $2.9 million of new debt issuance costs were capitalized and will be amortized over the term of the Credit Agreement. During the third quarter of fiscal 2018, the Company prepaid all required quarterly principal installments on the Term Loan through June 2022. At June 30, 2018 , outstanding letters of credit of $87.4 million reduced available capacity under the Revolving Credit Facility to $762.6 million . Effective April 3, 2018, to transition from the secured facilities under the previous credit agreement to unsecured facilities under the Credit Agreement, (i) the guaranties made pursuant to the previous credit agreement and the related loan documents were terminated (other than the Company's guaranty under the previous credit agreement of certain obligations of its subsidiaries, which guaranty was superseded and replaced by a similar guaranty made by the Company under the Credit Agreement), and (ii) the collateral documents executed by the Company and/or its subsidiaries in connection with the previous credit agreement and the related loan documents and the liens created under such collateral documents were terminated, released and discharged. Under the Credit Agreement, the Company is obligated to pay (i) an unused commitment fee ranging from 0.125% to 0.275% per annum of the average daily unused portion of the aggregate revolving credit commitments under the Credit Agreement and (ii) a fee ranging from 0.563% to 1.75% 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 June 30, 2018 , the interest spread on the Revolving Credit Facility and Term Loan was 125 basis points . The weighted-average interest rate on borrowings outstanding under the Term Loan at June 30, 2018 was 3.34% . 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 3.75 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 . 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 April 3, 2018, in an aggregate amount not exceeding the sum of: i. $1.46 billion ; ii. 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 April 3, 2018 and ending on the last day of the fiscal quarter immediately preceding the date of the applicable proposed dividend or distribution; and iii. 100% of the aggregate net proceeds received by the Company subsequent to April 3, 2018 either as a contribution to its common equity capital or from the issuance and sale of its Common Stock. The Company was in compliance with the financial covenants contained in the Credit Agreement as of June 30, 2018 . 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. On May 17, 2018, the Company issued $300.0 million of 4.600% unsecured senior notes due May 15, 2028 (the “2028 Senior Notes”) at a $1.0 million discount. The Company used the net proceeds from the sale of the 2028 Senior Notes to redeem all of the outstanding 2022 Senior Notes at a price of 102.688% and to pre-pay $49.2 million of quarterly principal installment payments under the Term Loan. The Company recognized $9.7 million of expense associated with the 2028 Senior Notes transaction in the three and nine months ended June 30, 2018, respectively, comprised of unamortized debt issuance costs and the call premium on the 2022 Senior Notes. Expenses related to the transaction are included in interest expense. In addition, $2.9 million of debt issuance costs were capitalized and will be amortized over the term of the 2028 Senior Notes. The 2025 Senior Notes and the 2028 Senior Notes were issued pursuant to separate indentures (the “Indentures”) between the Company and a trustee. The Indentures contain customary affirmative and negative covenants. The Company has the option to redeem the 2025 Senior Notes for a premium after March 1, 2020. The Company has the option to redeem the 2028 Senior Notes at any time for a premium. On April 3, 2018, the Company also entered into a First Supplemental Indenture to the 2025 Senior Notes, which amended and supplemented the 2025 Senior Notes indenture to release and discharge all note guaranties made by subsidiaries of the Company pursuant thereto as a result of the termination of all guaranties of the subsidiaries of the Company made pursuant to the Credit Agreement and the related loan documents. 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 June 30, 2018 , the fair value of the 2025 Senior Notes and the 2028 Senior Notes was estimated to be $258 million ( $264 million at September 30, 2017 ) and $300 million , respectively. The fair value of the Term Loan approximated book value at both June 30, 2018 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	9 Months Ended
	Jun. 30, 2018
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 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 $32.7 million and $30.2 million at June 30, 2018 and 2017 , respectively. Changes in the Company’s warranty liability and unearned extended warranty premiums were as follows (in millions): Nine Months Ended 2018 2017 Balance at beginning of period $ 98.8 $ 89.6 Warranty provisions 41.8 38.0 Settlements made (36.7 ) (37.7 ) Changes in liability for pre-existing warranties, net (0.1 ) 4.8 Premiums received 9.1 9.2 Amortization of premiums received (7.3 ) (8.9 ) Foreign currency translation (0.4 ) 0.2 Balance at end of period $ 105.2 $ 95.2 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	9 Months Ended
	Jun. 30, 2018
Guarantees [Abstract]
Guarantee Arrangements	Guarantee Arrangements The Company is party to multiple agreements whereby at June 30, 2018 it guaranteed an aggregate of $670.2 million in indebtedness of customers. The Company estimated that its maximum loss exposure under these contracts at June 30, 2018 was $115.4 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 Nine Months Ended 2018 2017 2018 2017 Balance at beginning of period $ 9.1 $ 9.1 $ 9.1 $ 8.4 Provision for new credit guarantees 2.5 0.8 4.2 2.3 Changes for pre-existing guarantees, net (0.1 ) — (0.7 ) 0.5 Amortization of previous guarantees (1.6 ) (1.1 ) (2.8 ) (2.4 ) Foreign currency translation (0.2 ) — (0.1 ) — Balance at end of period $ 9.7 $ 8.8 $ 9.7 $ 8.8

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Jun. 30, 2018
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 2,110,307 shares of Common Stock under this authorization during the nine months ended June 30, 2018 at a cost of $166.8 million . The Company did not repurchase any shares under this authorization during the nine months ended June 30, 2017. As of June 30, 2018 , the Company repurchased 4,896,931 shares under this authorization at a cost of $278.8 million . The Company had 5,402,267 shares of Common Stock remaining under this repurchase authorization as of June 30, 2018 . 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	9 Months Ended
	Jun. 30, 2018
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 and nine months ended June 30, 2018 . The fair values of the Company’s financial assets and liabilities were as follows (in millions): Level 1 Level 2 Level 3 Total June 30, 2018 Assets: SERP plan assets (a) $ 21.7 $ — $ — $ 21.7 Foreign currency exchange derivatives (b) — 0.8 — 0.8 Liabilities: Foreign currency exchange derivatives (b) $ — $ 0.5 $ — $ 0.5 Level 1 Level 2 Level 3 Total 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	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 , the Company had reserved 8,046,856 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 and nine months ended June 30, 2018 was $6.7 million ( $5.3 million net of tax) and $20.9 million ( $16.3 million net of tax), respectively. Total stock-based compensation expense, including cash-based liability awards, for the three and nine months ended June 30, 2017 was $4.8 million ( $3.0 million net of tax) and $19.2 million ( $12.1 million net of tax), respectively.

Restructuring and Other Charges

Restructuring and Other Charges	9 Months Ended
	Jun. 30, 2018
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 this amount, $0.2 million was incurred in the nine months ended June 30, 2018 , and $0.5 million and $1.6 million was incurred in the three and nine months ended June 30, 2017 , respectively. The Company did not incur any costs under this program during the three months ended June 30, 2018 . 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 restructuring costs under this program of $2.3 million and $5.4 million during the three and nine months ended June 30, 2018 , respectively, and $6.6 million and $22.9 million during the three and nine months ended June 30, 2017 , respectively. The Company expects another $1 million of restructuring costs under this program to be recognized in fiscal 2018. The Company had originally expected total implementation costs for the September 2016 and January 2017 restructuring actions in the access equipment segment to be between $48 million and $53 million . The Company made significant progress implementing these actions in fiscal 2017; however, during the nine months ended June 30, 2018 , the Company experienced issues that caused operational inefficiencies resulting in additional costs. The Company expects total costs for these actions to be approximately $78 million , including approximately $35 million of operating costs and inefficiencies, consistent with expectations at March 31, 2018. The access equipment segment recognized operational costs and inefficiencies related to these actions of $4.6 million and $22.8 million during the three and nine months ended June 30, 2018 , respectively, and $4.0 million and $4.9 million during the three and nine months ended June 30, 2017 , respectively. The Company expects to recognize another $2 million of operational costs and inefficiencies in the remainder of fiscal 2018. In December 2017, the commercial segment announced it was undertaking certain restructuring actions to realign a portion of the business under three product platforms. The Company recognized a benefit of $0.3 million and expense of $4.0 million in the three and nine months ended June 30, 2018 , respectively, related to these actions. The Company has substantially completed this program and does not anticipate significant future costs related to these actions. Pre-tax restructuring charges were as follows (in millions): Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Cost of Sales Selling, General and Administrative Expenses Total Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 2.3 $ — $ 2.3 $ 7.1 $ — $ 7.1 Commercial (0.1 ) (0.2 ) (0.3 ) — — — Total $ 2.2 $ (0.2 ) $ 2.0 $ 7.1 $ — $ 7.1 Nine Months Ended June 30, 2018 Nine Months Ended June 30, 2017 Cost of Sales Selling, General and Administrative Expenses Total Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 5.6 $ — $ 5.6 $ 24.5 $ — $ 24.5 Commercial 1.3 2.7 4.0 — 0.4 0.4 Total $ 6.9 $ 2.7 $ 9.6 $ 24.5 $ 0.4 $ 24.9 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 3.4 0.8 5.4 9.6 Utilized - cash (16.2 ) — (4.4 ) (20.6 ) Utilized - noncash — (0.8 ) — (0.8 ) Foreign currency translation 0.1 — 0.1 0.2 Balance at June 30, 2018 $ 7.1 $ — $ 2.1 $ 9.2 Employee Severance and Termination Benefits Property, Plant and Equipment Impairment Other Costs Total Balance at September 30, 2016 $ 0.9 $ — $ — $ 0.9 Restructuring provision 20.2 2.9 1.8 24.9 Utilized - cash (3.0 ) — (0.9 ) (3.9 ) Utilized - noncash — (2.9 ) — (2.9 ) Foreign currency translation 0.8 — 0.1 0.9 Balance at June 30, 2017 $ 18.9 $ — $ 1.0 $ 19.9

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Jun. 30, 2018
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 Nine Months Ended 2018 2017 2018 2017 Components of net periodic benefit cost Service cost $ 3.1 $ 3.3 $ 9.3 $ 9.8 Interest cost 4.5 4.4 13.5 13.2 Expected return on plan assets (5.0 ) (4.5 ) (15.1 ) (13.6 ) Amortization of prior service cost 0.5 0.4 1.4 1.3 Amortization of net actuarial loss 0.5 1.0 1.4 3.0 Net periodic benefit cost $ 3.6 $ 4.6 $ 10.5 $ 13.7 The Company made a $6.0 million contribution to its defined benefit pension plans in July 2018. No other material contributions are expected to be made in fiscal 2018. Components of net periodic other post-employment benefit cost were as follows (in millions): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Components of net periodic benefit cost Service cost $ 0.9 $ 0.6 $ 2.7 $ 1.9 Interest cost 0.5 0.4 1.4 1.2 Amortization of prior service cost (0.2 ) (0.2 ) (0.7 ) (0.7 ) Amortization of net actuarial loss — 0.1 0.1 0.2 Net periodic benefit cost $ 1.2 $ 0.9 $ 3.5 $ 2.6

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded income tax expense of $44.6 million for the three months ended June 30, 2018 , or 22.6% of pre-tax income, compared to $70.1 million , or 35.3% of pre-tax income, for the three months ended June 30, 2017 . Results for the three months ended June 30, 2018 were favorably impacted by $2.9 million of net discrete tax benefits, including a $4.2 million tax benefit related to state tax matters, a $2.2 million net tax benefit related to adjustments to provisional amounts recorded for tax reform legislation enacted in the United States on December 22, 2017, and a $0.6 million tax benefit due to a provision-to-return adjustment on the Company's 2017 federal income tax return, offset in part by a $4.0 million tax charge related to a foreign provision-to-return adjustment. Results for the three months ended June 30, 2017 were favorably impacted by $3.9 million of net discrete tax benefits, including a $2.1 million federal provision-to-return adjustment and a $1.4 million tax benefit related to state tax matters. The Company recorded income tax expense of $85.5 million for the nine months ended June 30, 2018 , or 21.1% of pre-tax income, compared to $98.9 million , or 34.1% of pre-tax income for the nine months ended June 30, 2017 . Tax expense included net discrete tax benefits of $14.3 million and $8.7 million for the nine months ended June 30, 2018 and 2017 , respectively. Discrete tax benefits recorded in the nine months ended June 30, 2018 included $4.5 million of tax benefits related to employee share-based payments, a $8.7 million net tax benefit related to tax reform legislation in the United States and a $4.3 million tax benefit related to state tax matters, offset in part by a $4.0 million tax charge related to a foreign provision-to-return adjustment. Discrete tax benefits recorded in the nine months ended June 30, 2017 included $2.2 million of tax benefits related to employee share-based payments, $3.3 million of net tax benefits related to the release of valuation allowances on federal capital loss carryforwards and state net operating losses, a $2.1 million tax benefit related to the federal provision-to-return adjustment and a $1.4 million tax benefit related to state tax matters. 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. During the third quarter of fiscal 2018, the Company updated the provisional amounts previously recorded based on recent IRS guidance regarding the Tax Reform Act and its completed fiscal year 2017 federal income tax return. This resulted in an additional tax benefit of $6.3 million related to the remeasurement of deferred tax assets and liabilities and an additional tax charge of $4.1 million related to the transition tax on deemed repatriation of deferred foreign income for the three months ended June 30, 2018 . For the nine months ended June 30, 2018 , amounts recorded related to the Tax Reform Act included a tax benefit of $30.2 million for remeasurement of deferred tax assets and liabilities and a tax charge of $21.5 million due to the transition tax on deemed repatriation of deferred foreign income. The above cumulative tax benefits and tax charges represent provisional amounts and the Company's best estimates as of June 30, 2018. Adjustments recorded to the provisional amounts are and 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 FASB 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 is 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 use the period cost method or the deferred method. The Company’s liability for gross unrecognized tax benefits, excluding related interest and penalties, was $31.8 million and $37.2 million as of June 30, 2018 and September 30, 2017 , respectively. As of June 30, 2018 , net unrecognized tax benefits, excluding interest and penalties, of $16.4 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 nine months ended June 30, 2018 and 2017 , the Company recognized a benefit of $1.3 million and expense of $1.3 million , respectively, related to interest and penalties. At June 30, 2018 , the Company had accruals for the payment of interest and penalties of $8.5 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 $2.5 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)	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (45.2 ) $ (60.0 ) $ 0.1 $ (105.1 ) Other comprehensive income (loss) before reclassifications — (35.4 ) 0.2 (35.2 ) Amounts reclassified from accumulated other comprehensive income (loss) 0.6 — — 0.6 Net current period other comprehensive income (loss) 0.6 (35.4 ) 0.2 (34.6 ) Balance at end of period $ (44.6 ) $ (95.4 ) $ 0.3 $ (139.7 ) Three Months Ended June 30, 2017 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (72.3 ) $ (120.8 ) $ — $ (193.1 ) Other comprehensive income (loss) before reclassifications — 27.0 (0.2 ) 26.8 Amounts reclassified from accumulated other comprehensive income (loss) 0.8 — — 0.8 Net current period other comprehensive income (loss) 0.8 27.0 (0.2 ) 27.6 Balance at end of period $ (71.5 ) $ (93.8 ) $ (0.2 ) $ (165.5 ) Nine Months Ended June 30, 2018 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 — (16.8 ) 0.5 (16.3 ) Amounts reclassified from accumulated other comprehensive income (loss) 1.6 — — 1.6 Net current period other comprehensive income (loss) 1.6 (16.8 ) 0.5 (14.7 ) Balance at end of period $ (44.6 ) $ (95.4 ) $ 0.3 $ (139.7 ) Nine Months Ended June 30, 2017 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (73.9 ) $ (101.1 ) $ — $ (175.0 ) Other comprehensive income (loss) before reclassifications — 7.3 (0.2 ) 7.1 Amounts reclassified from accumulated other comprehensive income (loss) 2.4 — — 2.4 Net current period other comprehensive income (loss) 2.4 7.3 (0.2 ) 9.5 Balance at end of period $ (71.5 ) $ (93.8 ) $ (0.2 ) $ (165.5 ) Reclassifications out of accumulated other comprehensive income (loss) included in the computation of net periodic pension and postretirement benefit cost (see 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 Nine Months Ended 2018 2017 2018 2017 Amortization of employee pension and postretirement benefits items Prior service costs $ 0.3 $ 0.2 $ 0.7 $ 0.6 Actuarial losses 0.5 1.1 1.5 3.2 Total before tax 0.8 1.3 2.2 3.8 Tax benefit (0.2 ) (0.5 ) (0.6 ) (1.4 ) Net of tax $ 0.6 $ 0.8 $ 1.6 $ 2.4

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding was as follows: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Basic weighted-average common shares outstanding 73,768,372 74,806,775 74,379,512 74,593,065 Dilutive stock options and other equity-based compensation awards 892,146 1,086,050 1,015,863 1,092,479 Diluted weighted-average common shares outstanding 74,660,518 75,892,825 75,395,375 75,685,544 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 Nine Months Ended 2018 2017 2018 2017 Stock options 248,975 388,625 254,883 390,850

Contingencies, Significant Esti

Contingencies, Significant Estimates and Concentrations	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and September 30, 2017 , the estimated net liabilities for product and general liability claims totaled $38.0 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 $629.8 million and $598.4 million at June 30, 2018 and September 30, 2017 , respectively. Open standby letters of credit issued by the Company’s banks in favor of third parties totaled $87.4 million and $96.9 million at June 30, 2018 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 Order and Reasons (the “Order”) outlining the compensation to which the Company is entitled as a result of the challenge. Under the Order, the Tribunal recommended that the Company be awarded a fixed payment for lost profits of approximately 25.3 million Canadian dollars plus additional compensation on any potential future option exercises if and when exercised by Canada. The Tribunal's determination has been appealed by Canada. As a result, the Company has not recorded any gain related to this matter.

Business Segment Information

Business Segment Information	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 2017 External Customers Inter- segment Net Sales External Customers Inter- segment Net Sales Access equipment Aerial work platforms $ 650.8 $ — $ 650.8 $ 583.1 $ — $ 583.1 Telehandlers 300.2 — 300.2 202.9 — 202.9 Other 209.1 — 209.1 194.2 — 194.2 Total access equipment 1,160.1 — 1,160.1 980.2 — 980.2 Defense 442.2 0.4 442.6 482.2 0.5 482.7 Fire & emergency 280.2 3.6 283.8 278.9 4.0 282.9 Commercial Concrete placement 145.4 — 145.4 158.5 — 158.5 Refuse collection 116.3 — 116.3 107.8 — 107.8 Other 31.4 2.1 33.5 27.3 1.6 28.9 Total commercial 293.1 2.1 295.2 293.6 1.6 295.2 Corporate and intersegment eliminations 0.2 (6.1 ) (5.9 ) 2.0 (6.1 ) (4.1 ) Consolidated $ 2,175.8 $ — $ 2,175.8 $ 2,036.9 $ — $ 2,036.9 Nine Months Ended June 30, 2018 2017 External Customers Inter- segment Net Sales External Customers Inter- segment Net Sales Access equipment Aerial work platforms $ 1,461.5 $ — $ 1,461.5 $ 1,186.2 $ — $ 1,186.2 Telehandlers 664.6 — 664.6 457.8 — 457.8 Other 590.1 — 590.1 548.6 — 548.6 Total access equipment 2,716.2 — 2,716.2 2,192.6 — 2,192.6 Defense 1,363.2 1.1 1,364.3 1,222.1 1.2 1,223.3 Fire & emergency 774.2 11.8 786.0 741.5 11.4 752.9 Commercial Concrete placement 371.5 — 371.5 355.6 — 355.6 Refuse collection 335.3 — 335.3 279.1 — 279.1 Other 87.5 6.2 93.7 71.1 4.6 75.7 Total commercial 794.3 6.2 800.5 705.8 4.6 710.4 Corporate and intersegment eliminations 0.6 (19.1 ) (18.5 ) 4.6 (17.2 ) (12.6 ) Consolidated $ 5,648.5 $ — $ 5,648.5 $ 4,866.6 $ — $ 4,866.6 Three Months Ended Nine Months Ended 2018 2017 2018 2017 Operating income (loss): Access equipment $ 149.3 $ 130.2 $ 260.8 $ 196.7 Defense 47.5 62.4 160.5 134.9 Fire & emergency 36.4 30.8 97.5 69.6 Commercial 25.1 21.6 49.8 32.2 Corporate (36.0 ) (33.1 ) (116.6 ) (104.9 ) Intersegment eliminations 0.1 — 0.1 — Consolidated 222.4 211.9 452.1 328.5 Interest expense, net of interest income (23.5 ) (13.9 ) (45.2 ) (41.9 ) Miscellaneous other income (expense) (1.8 ) 0.6 (2.1 ) 3.1 Income before income taxes and earnings of unconsolidated affiliates $ 197.1 $ 198.6 $ 404.8 $ 289.7 June 30, September 30, 2018 2017 Identifiable assets: Access equipment: U.S. $ 2,111.0 $ 1,905.5 Europe 570.2 541.0 Rest of the World 215.1 246.1 Total access equipment 2,896.3 2,692.6 Defense: U.S. 782.3 775.1 Rest of the World 6.7 7.0 Total defense 789.0 782.1 Fire & emergency - U.S. 538.1 552.6 Commercial: U.S. 390.4 377.3 Rest of the World 42.3 42.3 Total commercial 432.7 419.6 Corporate: U.S. (a) 508.7 543.9 Rest of the World (b) 109.1 108.1 Total corporate 617.8 652.0 Consolidated $ 5,273.9 $ 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): Nine Months Ended June 30, 2018 2017 Net sales: United States $ 4,558.4 $ 3,714.9 Other North America 183.9 137.8 Europe, Africa and Middle East 630.9 742.9 Rest of the World 275.3 271.0 Consolidated $ 5,648.5 $ 4,866.6

New Accounting Standards (Polic

New Accounting Standards (Policies)	9 Months Ended
	Jun. 30, 2018
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 will be required to adopt the standard as of 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 continued its focus on concluding and documenting key accounting positions during the three months ended June 30, 2018. Primary differences identified to-date include the changing from a point-in-time method to an over time method for certain defense contracts, the exclusion of unexercised options from the estimate to complete calculation used to measure progress on contracts accounted for under the cost-to-cost method of percentage of completion and the deferral of margin on service-type warranties. 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 and related amendments to the standard 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 standard expands and refines hedge accounting for both nonfinancial and financial risk components and aligns 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)	9 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of receivables	Receivables consisted of the following (in millions): June 30, September 30, 2018 2017 U.S. government: Amounts billed $ 55.6 $ 137.8 Costs and profits not billed 229.4 137.9 285.0 275.7 Other trade receivables 1,243.5 985.4 Finance receivables 25.0 5.8 Notes receivable 3.1 34.2 Other receivables 44.2 46.3 1,600.8 1,347.4 Less allowance for doubtful accounts (8.7 ) (18.3 ) $ 1,592.1 $ 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): June 30, September 30, 2018 2017 Current receivables $ 1,567.2 $ 1,306.3 Long-term receivables (included in “Other long-term assets”) 24.9 22.8 $ 1,592.1 $ 1,329.1
Schedule of finance and notes receivable aging and accrual status	Finance and notes receivable accrual status consisted of the following (in millions): Finance Receivables Notes Receivable June 30, 2018 September 30, 2017 June 30, 2018 September 30, 2017 Receivables on nonaccrual status $ 3.4 $ 3.7 $ — $ 21.3 Receivables past due 90 days or more and still accruing — — — — Receivables subject to general reserves 15.2 2.1 — — Allowance for doubtful accounts (0.3 ) — — — Receivables subject to specific reserves 9.8 3.7 3.1 34.2 Allowance for doubtful accounts (1.6 ) (1.5 ) — (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 June 30, 2018 Three Months Ended June 30, 2017 Finance Notes Trade and Other Total Finance Notes Trade and Other Total Allowance for doubtful accounts at beginning of period $ 1.7 $ 3.8 $ 7.4 $ 12.9 $ 2.5 $ 11.3 $ 5.7 $ 19.5 Provision for doubtful accounts, net of recoveries 0.2 0.2 (0.4 ) — — (0.6 ) 0.7 0.1 Charge-off of accounts — (3.7 ) (0.1 ) (3.8 ) (0.8 ) (0.5 ) (0.1 ) (1.4 ) Foreign currency translation — (0.3 ) (0.1 ) (0.4 ) — 0.7 0.1 0.8 Allowance for doubtful accounts at end of period $ 1.9 $ — $ 6.8 $ 8.7 $ 1.7 $ 10.9 $ 6.4 $ 19.0 Nine Months Ended June 30, 2018 Nine Months Ended June 30, 2017 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 0.4 (8.3 ) 0.4 (7.5 ) 1.5 (1.3 ) 0.3 0.5 Charge-off of accounts — (1.7 ) (0.3 ) (2.0 ) (0.8 ) (1.0 ) (1.1 ) (2.9 ) Foreign currency translation — — (0.1 ) (0.1 ) — 0.2 — 0.2 Allowance for doubtful accounts at end of period $ 1.9 $ — $ 6.8 $ 8.7 $ 1.7 $ 10.9 $ 6.4 $ 19.0

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consisted of the following (in millions): June 30, September 30, 2018 2017 Raw materials $ 637.2 $ 578.1 Partially finished products 346.1 336.6 Finished products 366.1 398.1 Inventories at FIFO cost 1,349.4 1,312.8 Less: Progress/performance-based payments on U.S. government contracts (12.5 ) (31.6 ) Excess of FIFO cost over LIFO cost (90.1 ) (82.8 ) $ 1,246.8 $ 1,198.4

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment consisted of the following (in millions): June 30, September 30, 2018 2017 Land and land improvements $ 58.5 $ 58.5 Buildings 295.9 298.5 Machinery and equipment 661.2 652.2 Software and related costs 158.5 149.6 Equipment on operating lease to others 28.0 30.0 Construction in progress 5.0 — 1,207.1 1,188.8 Less accumulated depreciation (754.1 ) (718.9 ) $ 453.0 $ 469.9

Goodwill and Purchased Intang32

Goodwill and Purchased Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in goodwill	The following table presents changes in goodwill during the nine months ended June 30, 2018 (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 (3.2 ) — (0.2 ) (3.4 ) Net goodwill at June 30, 2018 $ 882.7 $ 106.1 $ 20.8 $ 1,009.6
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): June 30, 2018 September 30, 2017 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Access equipment $ 1,814.8 $ (932.1 ) $ 882.7 $ 1,818.0 $ (932.1 ) $ 885.9 Fire & emergency 108.1 (2.0 ) 106.1 108.1 (2.0 ) 106.1 Commercial 196.7 (175.9 ) 20.8 196.9 (175.9 ) 21.0 $ 2,119.6 $ (1,110.0 ) $ 1,009.6 $ 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): June 30, 2018 Weighted- Average Life (in years) Gross Accumulated Amortization Net Amortizable intangible assets: Distribution network 39.1 $ 55.4 $ (30.5 ) $ 24.9 Technology-related 11.9 104.7 (101.6 ) 3.1 Customer relationships 12.8 555.0 (493.6 ) 61.4 Other 16.3 16.5 (14.9 ) 1.6 14.7 731.6 (640.6 ) 91.0 Non-amortizable trade names 385.5 — 385.5 $ 1,117.1 $ (640.6 ) $ 476.5 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)	9 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of debt instruments	The Company was obligated under the following debt instruments (in millions): June 30, 2018 Principal Debt Issuance Costs Debt, Net Senior Term Loan $ 275.0 $ (0.8 ) $ 274.2 5.375% Senior Notes due March 2025 250.0 (2.5 ) 247.5 4.600% Senior Notes due May 2028 300.0 (3.9 ) 296.1 $ 825.0 $ (7.2 ) $ 817.8 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)	9 Months Ended
	Jun. 30, 2018
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): Nine Months Ended 2018 2017 Balance at beginning of period $ 98.8 $ 89.6 Warranty provisions 41.8 38.0 Settlements made (36.7 ) (37.7 ) Changes in liability for pre-existing warranties, net (0.1 ) 4.8 Premiums received 9.1 9.2 Amortization of premiums received (7.3 ) (8.9 ) Foreign currency translation (0.4 ) 0.2 Balance at end of period $ 105.2 $ 95.2

Guarantee Arrangements (Tables)

Guarantee Arrangements (Tables)	9 Months Ended
	Jun. 30, 2018
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 Nine Months Ended 2018 2017 2018 2017 Balance at beginning of period $ 9.1 $ 9.1 $ 9.1 $ 8.4 Provision for new credit guarantees 2.5 0.8 4.2 2.3 Changes for pre-existing guarantees, net (0.1 ) — (0.7 ) 0.5 Amortization of previous guarantees (1.6 ) (1.1 ) (2.8 ) (2.4 ) Foreign currency translation (0.2 ) — (0.1 ) — Balance at end of period $ 9.7 $ 8.8 $ 9.7 $ 8.8

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 Assets: SERP plan assets (a) $ 21.7 $ — $ — $ 21.7 Foreign currency exchange derivatives (b) — 0.8 — 0.8 Liabilities: Foreign currency exchange derivatives (b) $ — $ 0.5 $ — $ 0.5 Level 1 Level 2 Level 3 Total 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 Charg37

Restructuring and Other Charges (Tables)	9 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and related costs	Pre-tax restructuring charges were as follows (in millions): Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Cost of Sales Selling, General and Administrative Expenses Total Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 2.3 $ — $ 2.3 $ 7.1 $ — $ 7.1 Commercial (0.1 ) (0.2 ) (0.3 ) — — — Total $ 2.2 $ (0.2 ) $ 2.0 $ 7.1 $ — $ 7.1 Nine Months Ended June 30, 2018 Nine Months Ended June 30, 2017 Cost of Sales Selling, General and Administrative Expenses Total Cost of Sales Selling, General and Administrative Expenses Total Access equipment $ 5.6 $ — $ 5.6 $ 24.5 $ — $ 24.5 Commercial 1.3 2.7 4.0 — 0.4 0.4 Total $ 6.9 $ 2.7 $ 9.6 $ 24.5 $ 0.4 $ 24.9
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 3.4 0.8 5.4 9.6 Utilized - cash (16.2 ) — (4.4 ) (20.6 ) Utilized - noncash — (0.8 ) — (0.8 ) Foreign currency translation 0.1 — 0.1 0.2 Balance at June 30, 2018 $ 7.1 $ — $ 2.1 $ 9.2 Employee Severance and Termination Benefits Property, Plant and Equipment Impairment Other Costs Total Balance at September 30, 2016 $ 0.9 $ — $ — $ 0.9 Restructuring provision 20.2 2.9 1.8 24.9 Utilized - cash (3.0 ) — (0.9 ) (3.9 ) Utilized - noncash — (2.9 ) — (2.9 ) Foreign currency translation 0.8 — 0.1 0.9 Balance at June 30, 2017 $ 18.9 $ — $ 1.0 $ 19.9

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Jun. 30, 2018
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 Nine Months Ended 2018 2017 2018 2017 Components of net periodic benefit cost Service cost $ 3.1 $ 3.3 $ 9.3 $ 9.8 Interest cost 4.5 4.4 13.5 13.2 Expected return on plan assets (5.0 ) (4.5 ) (15.1 ) (13.6 ) Amortization of prior service cost 0.5 0.4 1.4 1.3 Amortization of net actuarial loss 0.5 1.0 1.4 3.0 Net periodic benefit cost $ 3.6 $ 4.6 $ 10.5 $ 13.7 The Company made a $6.0 million contribution to its defined benefit pension plans in July 2018. No other material contributions are expected to be made in fiscal 2018. Components of net periodic other post-employment benefit cost were as follows (in millions): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Components of net periodic benefit cost Service cost $ 0.9 $ 0.6 $ 2.7 $ 1.9 Interest cost 0.5 0.4 1.4 1.2 Amortization of prior service cost (0.2 ) (0.2 ) (0.7 ) (0.7 ) Amortization of net actuarial loss — 0.1 0.1 0.2 Net periodic benefit cost $ 1.2 $ 0.9 $ 3.5 $ 2.6

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (45.2 ) $ (60.0 ) $ 0.1 $ (105.1 ) Other comprehensive income (loss) before reclassifications — (35.4 ) 0.2 (35.2 ) Amounts reclassified from accumulated other comprehensive income (loss) 0.6 — — 0.6 Net current period other comprehensive income (loss) 0.6 (35.4 ) 0.2 (34.6 ) Balance at end of period $ (44.6 ) $ (95.4 ) $ 0.3 $ (139.7 ) Three Months Ended June 30, 2017 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (72.3 ) $ (120.8 ) $ — $ (193.1 ) Other comprehensive income (loss) before reclassifications — 27.0 (0.2 ) 26.8 Amounts reclassified from accumulated other comprehensive income (loss) 0.8 — — 0.8 Net current period other comprehensive income (loss) 0.8 27.0 (0.2 ) 27.6 Balance at end of period $ (71.5 ) $ (93.8 ) $ (0.2 ) $ (165.5 ) Nine Months Ended June 30, 2018 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 — (16.8 ) 0.5 (16.3 ) Amounts reclassified from accumulated other comprehensive income (loss) 1.6 — — 1.6 Net current period other comprehensive income (loss) 1.6 (16.8 ) 0.5 (14.7 ) Balance at end of period $ (44.6 ) $ (95.4 ) $ 0.3 $ (139.7 ) Nine Months Ended June 30, 2017 Employee Pension and Postretirement Benefits, Net of Tax Cumulative Translation Adjustments Derivative Instruments Accumulated Other Comprehensive Income (Loss) Balance at beginning of period $ (73.9 ) $ (101.1 ) $ — $ (175.0 ) Other comprehensive income (loss) before reclassifications — 7.3 (0.2 ) 7.1 Amounts reclassified from accumulated other comprehensive income (loss) 2.4 — — 2.4 Net current period other comprehensive income (loss) 2.4 7.3 (0.2 ) 9.5 Balance at end of period $ (71.5 ) $ (93.8 ) $ (0.2 ) $ (165.5 )
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 (see 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 Nine Months Ended 2018 2017 2018 2017 Amortization of employee pension and postretirement benefits items Prior service costs $ 0.3 $ 0.2 $ 0.7 $ 0.6 Actuarial losses 0.5 1.1 1.5 3.2 Total before tax 0.8 1.3 2.2 3.8 Tax benefit (0.2 ) (0.5 ) (0.6 ) (1.4 ) Net of tax $ 0.6 $ 0.8 $ 1.6 $ 2.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding was as follows: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Basic weighted-average common shares outstanding 73,768,372 74,806,775 74,379,512 74,593,065 Dilutive stock options and other equity-based compensation awards 892,146 1,086,050 1,015,863 1,092,479 Diluted weighted-average common shares outstanding 74,660,518 75,892,825 75,395,375 75,685,544
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 Nine Months Ended 2018 2017 2018 2017 Stock options 248,975 388,625 254,883 390,850

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Jun. 30, 2018
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 June 30, 2018 2017 External Customers Inter- segment Net Sales External Customers Inter- segment Net Sales Access equipment Aerial work platforms $ 650.8 $ — $ 650.8 $ 583.1 $ — $ 583.1 Telehandlers 300.2 — 300.2 202.9 — 202.9 Other 209.1 — 209.1 194.2 — 194.2 Total access equipment 1,160.1 — 1,160.1 980.2 — 980.2 Defense 442.2 0.4 442.6 482.2 0.5 482.7 Fire & emergency 280.2 3.6 283.8 278.9 4.0 282.9 Commercial Concrete placement 145.4 — 145.4 158.5 — 158.5 Refuse collection 116.3 — 116.3 107.8 — 107.8 Other 31.4 2.1 33.5 27.3 1.6 28.9 Total commercial 293.1 2.1 295.2 293.6 1.6 295.2 Corporate and intersegment eliminations 0.2 (6.1 ) (5.9 ) 2.0 (6.1 ) (4.1 ) Consolidated $ 2,175.8 $ — $ 2,175.8 $ 2,036.9 $ — $ 2,036.9 Nine Months Ended June 30, 2018 2017 External Customers Inter- segment Net Sales External Customers Inter- segment Net Sales Access equipment Aerial work platforms $ 1,461.5 $ — $ 1,461.5 $ 1,186.2 $ — $ 1,186.2 Telehandlers 664.6 — 664.6 457.8 — 457.8 Other 590.1 — 590.1 548.6 — 548.6 Total access equipment 2,716.2 — 2,716.2 2,192.6 — 2,192.6 Defense 1,363.2 1.1 1,364.3 1,222.1 1.2 1,223.3 Fire & emergency 774.2 11.8 786.0 741.5 11.4 752.9 Commercial Concrete placement 371.5 — 371.5 355.6 — 355.6 Refuse collection 335.3 — 335.3 279.1 — 279.1 Other 87.5 6.2 93.7 71.1 4.6 75.7 Total commercial 794.3 6.2 800.5 705.8 4.6 710.4 Corporate and intersegment eliminations 0.6 (19.1 ) (18.5 ) 4.6 (17.2 ) (12.6 ) Consolidated $ 5,648.5 $ — $ 5,648.5 $ 4,866.6 $ — $ 4,866.6
Schedule of income (loss) from continuing operations by product lines and reportable segments	Three Months Ended Nine Months Ended 2018 2017 2018 2017 Operating income (loss): Access equipment $ 149.3 $ 130.2 $ 260.8 $ 196.7 Defense 47.5 62.4 160.5 134.9 Fire & emergency 36.4 30.8 97.5 69.6 Commercial 25.1 21.6 49.8 32.2 Corporate (36.0 ) (33.1 ) (116.6 ) (104.9 ) Intersegment eliminations 0.1 — 0.1 — Consolidated 222.4 211.9 452.1 328.5 Interest expense, net of interest income (23.5 ) (13.9 ) (45.2 ) (41.9 ) Miscellaneous other income (expense) (1.8 ) 0.6 (2.1 ) 3.1 Income before income taxes and earnings of unconsolidated affiliates $ 197.1 $ 198.6 $ 404.8 $ 289.7
Schedule of identifiable assets by business segments and by geographical segments	June 30, September 30, 2018 2017 Identifiable assets: Access equipment: U.S. $ 2,111.0 $ 1,905.5 Europe 570.2 541.0 Rest of the World 215.1 246.1 Total access equipment 2,896.3 2,692.6 Defense: U.S. 782.3 775.1 Rest of the World 6.7 7.0 Total defense 789.0 782.1 Fire & emergency - U.S. 538.1 552.6 Commercial: U.S. 390.4 377.3 Rest of the World 42.3 42.3 Total commercial 432.7 419.6 Corporate: U.S. (a) 508.7 543.9 Rest of the World (b) 109.1 108.1 Total corporate 617.8 652.0 Consolidated $ 5,273.9 $ 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): Nine Months Ended June 30, 2018 2017 Net sales: United States $ 4,558.4 $ 3,714.9 Other North America 183.9 137.8 Europe, Africa and Middle East 630.9 742.9 Rest of the World 275.3 271.0 Consolidated $ 5,648.5 $ 4,866.6

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2016
U.S. government:
Amounts billed	$ 55.6		$ 137.8
Costs and profits not billed	229.4		137.9
Contract receivables	285		275.7
Other trade receivables	1,243.5		985.4
Finance receivables	25		5.8
Notes receivable	3.1		34.2
Other receivables	44.2		46.3
Receivables, gross	1,600.8		1,347.4
Less allowance for doubtful accounts	(8.7)	$ (12.9)	(18.3)	$ (19)	$ (19.5)	$ (21.2)
Receivables, net	1,592.1		1,329.1
Classification of receivables
Current receivables	1,567.2		1,306.3
Long-term receivables (included in “Other long-term assets”)	$ 24.9		$ 22.8

Receivables (Details 2)

Receivables (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	$ 12.9	$ 19.5	$ 18.3	$ 21.2
Provision for doubtful accounts, net of recoveries	0	0.1	(7.5)	0.5
Charge-off of accounts	(3.8)	(1.4)	(2)	(2.9)
Foreign currency translation	(0.4)	0.8	(0.1)	0.2
Allowance for doubtful accounts at end of period	8.7	19	8.7	19
Finance Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables on nonaccrual status	3.4		3.4		$ 3.7
Receivables past due 90 days or more and still accruing	0		0		0
Receivables subject to general reserves	15.2		15.2		2.1
Allowance for doubtful accounts	(0.3)		(0.3)		0
Receivables subject to specific reserves	9.8		9.8		3.7
Allowance for doubtful accounts	(1.6)		(1.6)		(1.5)
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	1.7	2.5	1.5	1
Provision for doubtful accounts, net of recoveries	0.2	0	0.4	1.5
Charge-off of accounts	0	(0.8)	0	(0.8)
Foreign currency translation	0	0	0	0
Allowance for doubtful accounts at end of period	1.9	1.7	1.9	1.7
Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables on nonaccrual status	0		0		21.3
Receivables past due 90 days or more and still accruing	0		0		0
Receivables subject to general reserves	0		0		0
Allowance for doubtful accounts	0		0		0
Receivables subject to specific reserves	3.1		3.1		34.2
Allowance for doubtful accounts	0		0		$ (10)
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	3.8	11.3	10	13
Provision for doubtful accounts, net of recoveries	0.2	(0.6)	(8.3)	(1.3)
Charge-off of accounts	(3.7)	(0.5)	(1.7)	(1)
Foreign currency translation	(0.3)	0.7	0	0.2
Allowance for doubtful accounts at end of period	0	10.9	0	10.9
Trade and Other Receivable
Change in allowance for doubtful accounts
Allowance for doubtful accounts at beginning of period	7.4	5.7	6.8	7.2
Provision for doubtful accounts, net of recoveries	(0.4)	0.7	0.4	0.3
Charge-off of accounts	(0.1)	(0.1)	(0.3)	(1.1)
Foreign currency translation	(0.1)	0.1	(0.1)	0
Allowance for doubtful accounts at end of period	$ 6.8	$ 6.4	$ 6.8	$ 6.4

Receivables (Details 3)

Receivables (Details 3) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018USD ($)Party	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Party	Jun. 30, 2017USD ($)
Finance and notes receivables
Gross Profit	$ 402.9	$ 386.9	$ 980.5	$ 847.9
Interest expense, net of interest income	$ (23.5)	$ (13.9)	$ (45.2)	$ (41.9)
Finance Receivable | Credit concentration
Finance and notes receivables
Receivables due from third parties (as a percent)			94.00%
Finance Receivable, Concentration Risk, Number of Parties | Party	3		3
Notes Receivable | Credit concentration
Finance and notes receivables
Receivables due from third parties (as a percent)			97.00%
Notes Receivable, Concentration Risk, Number of Parties | Party	2		2
Access Equipment Customer 1 [Member]
Finance and notes receivables
Gross Profit			$ 11.5
Collection of a receivable previously considered uncollectable			2.4
Interest expense, net of interest income			6.6
Proceeds from Collection of Notes Receivable			$ 19.6

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2018	Sep. 30, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 637.2	$ 578.1
Partially finished products	346.1	336.6
Finished products	366.1	398.1
Inventories at FIFO cost	1,349.4	1,312.8
Less: Progress/performance-based payments on U.S. government contracts	(12.5)	(31.6)
Excess of FIFO cost over LIFO cost	(90.1)	(82.8)
Inventory net	$ 1,246.8	$ 1,198.4

Property, Plant and Equipment46

Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Property, plant and equipment
Property, plant and equipment, gross	$ 1,207.1		$ 1,207.1		$ 1,188.8
Less accumulated depreciation	(754.1)		(754.1)		(718.9)
Property, plant and equipment, net	453		453		469.9
Depreciation expenses	20	$ 21.1	60	$ 60.4
Land and land improvements
Property, plant and equipment
Property, plant and equipment, gross	58.5		58.5		58.5
Buildings
Property, plant and equipment
Property, plant and equipment, gross	295.9		295.9		298.5
Machinery and equipment
Property, plant and equipment
Property, plant and equipment, gross	661.2		661.2		652.2
Software and related costs
Property, plant and equipment
Property, plant and equipment, gross	158.5		158.5		149.6
Equipment on operating lease to others
Property, plant and equipment
Property, plant and equipment, gross	28		28		30
Equipment on operating lease, net	17.9		$ 17.9		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
Construction in Progress [Member]
Property, plant and equipment
Property, plant and equipment, gross	$ 5		$ 5		$ 0

Goodwill and Purchased Intang47

Goodwill and Purchased Intangible Assets (Details) $ in Millions	9 Months Ended
	Jun. 30, 2018USD ($)
Changes in goodwill
Net goodwill at the beginning of the period	$ 1,013
Foreign currency translation	(3.4)
Net goodwill at the end of the period	1,009.6
Access Equipment
Changes in goodwill
Net goodwill at the beginning of the period	885.9
Foreign currency translation	(3.2)
Net goodwill at the end of the period	882.7
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	(0.2)
Net goodwill at the end of the period	$ 20.8

Goodwill and Purchased Intang48

Goodwill and Purchased Intangible Assets (Details 2) - USD ($) $ in Millions	Jun. 30, 2018	Sep. 30, 2017
Details of the Company's goodwill allocated to the reportable segments
Gross	$ 2,119.6	$ 2,123
Accumulated Impairment	(1,110)	(1,110)
Net	1,009.6	1,013
Access Equipment
Details of the Company's goodwill allocated to the reportable segments
Gross	1,814.8	1,818
Accumulated Impairment	(932.1)	(932.1)
Net	882.7	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	196.7	196.9
Accumulated Impairment	(175.9)	(175.9)
Net	$ 20.8	$ 21

Goodwill and Purchased Intang49

Goodwill and Purchased Intangible Assets (Details 3) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jun. 30, 2018	Sep. 30, 2017
Purchased intangible assets
Weighted- Average Life (in years)	14 years 8 months	14 years 5 months
Gross	$ 731.6	$ 731.5
Accumulated Amortization	(640.6)	(611.5)
Net	91	120
Non-amortizable trade names	385.5	387.8
Intangible assets excluding goodwill, gross	1,117.1	1,119.3
Purchased intangible assets, net	476.5	$ 507.8
Future amortization expense of purchased intangible assets for the five years succeeding fiscal year 2018
2018 (remaining three months)	9.2
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	(30.5)	(29.5)
Net	$ 24.9	$ 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	(101.6)	(99.7)
Net	$ 3.1	$ 5
Customer relationships
Purchased intangible assets
Weighted- Average Life (in years)	12 years 9 months	12 years 9 months
Gross	$ 555	$ 555
Accumulated Amortization	(493.6)	(467.6)
Net	$ 61.4	$ 87.4
Other
Purchased intangible assets
Weighted- Average Life (in years)	16 years 4 months	16 years 4 months
Gross	$ 16.5	$ 16.4
Accumulated Amortization	(14.9)	(14.7)
Net	$ 1.6	$ 1.7

Credit Agreements (Details)

Credit Agreements (Details)	1 Months Ended			3 Months Ended	9 Months Ended
	May 31, 2018USD ($)	Mar. 31, 2015USD ($)	Feb. 28, 2014USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	May 15, 2018USD ($)	Apr. 03, 2018USD ($)	Sep. 30, 2017USD ($)
Debt instruments
Gain (Loss) on Extinguishment of Debt					$ (9,900,000)	$ 0
Long term debt
Principal				$ 825,000,000	825,000,000				$ 835,000,000
Debt Issuance Costs				(7,200,000)	(7,200,000)				(7,100,000)
Debt, Net				817,800,000	817,800,000				827,900,000
Long term debt net of current maturities				817,800,000	817,800,000				807,900,000
Other Short-term Borrowings									3,000,000
Current maturities of long-term debt									(20,000,000)
Revolving line of credit and current maturities of long-term debt				0	0				23,000,000
Senior Term Loan Member [Member]
Debt instruments
Debt Instrument, Fair Value Disclosure				275,000,000	275,000,000				335,000,000
Debt Instrument, Periodic Payment				49,200,000
Gain (Loss) on Extinguishment of Debt					(200,000)
Long term debt
Principal				275,000,000	275,000,000				335,000,000
Debt Issuance Costs				(800,000)	(800,000)				(800,000)
Debt, Net				274,200,000	274,200,000			$ 325,000,000	334,200,000
Quarterly principal installment, at commencement					4,100,000
Payment due at maturity				$ 264,100,000	$ 264,100,000
Debt Issuance Costs, Gross								2,900,000
Weighted-average interest rate (as a percent)				3.34%	3.34%
5.375% Senior notes due March 2022 [Member]
Debt instruments
Debt Instrument, Redemption Price, Percentage					102.688%
Long term debt
Principal									250,000,000
Debt Issuance Costs									(3,500,000)
Debt, Net									$ 246,500,000
Debt issued			$ 250,000,000
Debt Instrument, Interest Rate, Stated Percentage			5.375%						5.375%
5.375% Senior Notes due March 2025
Debt instruments
Debt Instrument, Fair Value Disclosure				$ 258,000,000	$ 258,000,000				$ 264,000,000
Long term debt
Principal				250,000,000	250,000,000				250,000,000
Debt Issuance Costs				(2,500,000)	(2,500,000)				(2,800,000)
Debt, Net				$ 247,500,000	$ 247,500,000				$ 247,200,000
Debt issued		$ 250,000,000
Debt Instrument, Interest Rate, Stated Percentage		5.375%		5.375%	5.375%				5.375%
4.600% Senior notes due May 2028 [Member]
Debt instruments
Debt Instrument, Fair Value Disclosure				$ 300,000,000	$ 300,000,000
Debt Instrument, Unamortized Discount							$ 1,000,000
Gain (Loss) on Extinguishment of Debt					(9,700,000)
Long term debt
Principal				300,000,000	300,000,000
Debt Issuance Costs				(3,900,000)	(3,900,000)
Debt, Net				$ 296,100,000	$ 296,100,000
Debt issued	$ 300,000,000
Debt Instrument, Interest Rate, Stated Percentage				4.60%	4.60%		4.60%
Debt Issuance Costs, Gross							$ 2,900,000
Revolving Credit Facility
Long term debt
Line of Credit Facility, Maximum Borrowing Capacity								$ 850,000,000
Available borrowing capacity				$ 762,600,000	$ 762,600,000
Senior Credit Agreement Member [Member]
Long term debt
Interest spread in basis points (as a percent)					1.25%
Maximum leverage ratio				3.75	3.75
Minimum interest coverage ratio				2.50	2.50
Debt Instrument, Dividends and Other Distributions Restrictions, Dollar Restriction					$ 1,460,000,000
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 per the credit agreement 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 per the credit agreement and ending on the last day of the fiscal quarter					100.00%
Percentage of aggregate net proceeds received by the Company subsequent to the date defined in the credit agreement as a contribution to its common equity or from the issuance and sale of its Common Stock					100.00%
Senior Credit Agreement Member [Member] | Minimum
Long term debt
Revolving credit facility, unused commitment fee rate (as a percent)					0.125%
Senior Credit Agreement Member [Member] | Maximum
Long term debt
Revolving credit facility, unused commitment fee rate (as a percent)					0.275%
Letter of credit
Long term debt
Letters of credit outstanding				$ 87,400,000	$ 87,400,000
Letter of credit fees percentage on available borrowing capacity, low end of range (as a percent)					0.563%
Letter of credit fees percentage on available borrowing capacity, high end of range (as a percent)					1.75%
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	9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Product Warranty Liability [Line Items]
Extended product warranty accrual	$ 32.7	$ 30.2
Changes in warranty liability
Balance at beginning of period	98.8	89.6
Warranty provisions	41.8	38
Settlements made	(36.7)	(37.7)
Changes in liability for pre-existing warranties, net	(0.1)	4.8
Premiums received	9.1	9.2
Amortization of premiums received	(7.3)	(8.9)
Foreign currency translation	(0.4)	0.2
Balance at end of period	$ 105.2	$ 95.2
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		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Guarantee Obligations
Guarantee obligations, maximum exposure	$ 670.2		$ 670.2
Aggregate amount of indebtedness which the Company is a party to through guarantee agreements	115.4		115.4
Changes in provision for loss on customer guarantees
Balance at beginning of period	9.1	$ 9.1	9.1	$ 8.4
Provision for new credit guarantees	2.5	0.8	4.2	2.3
Changes for pre-existing guarantees, net	(0.1)	0	(0.7)	0.5
Amortization of previous guarantees	(1.6)	(1.1)	(2.8)	(2.4)
Guarantee Obligations Currency Translation Increase (Decrease)	(0.2)	0	(0.1)	0
Balance at end of period	$ 9.7	$ 8.8	$ 9.7	$ 8.8

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Millions	9 Months Ended	34 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	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)	5,402,267	5,402,267	10,299,198
Treasury stock, shares, acquired (in shares)	2,110,307	4,896,931
Treasury stock cumulative value acquired cost method		$ 278.8
Treasury Stock, Value, Acquired, Cost Method	$ 166.8

Fair Value Measurement (Details

Fair Value Measurement (Details) - Fair value measured on recurring basis - USD ($) $ in Millions		Jun. 30, 2018	Sep. 30, 2017
Assets:
SERP plan assets	[1]	$ 21.7	$ 21.7
Foreign currency exchange derivatives	[2]	0.8	0.5
Interest rate contracts	[3]		0.3
Liabilities:
Foreign currency exchange derivatives	[2]	0.5	1.2
Interest rate contracts	[3]		0.7
Level 1
Assets:
SERP plan assets	[1]	21.7	21.7
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]		0
Liabilities:
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]		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
Liabilities:
Foreign currency exchange derivatives	[2]	0.5	1.2
Interest rate contracts	[3]		0.7
Level 3
Assets:
SERP plan assets	[1]	0	0
Foreign currency exchange derivatives	[2]	0	0
Interest rate contracts	[3]		0
Liabilities:
Foreign currency exchange derivatives	[2]	$ 0	0
Interest rate contracts	[3]		$ 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		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 6.7	$ 4.8	$ 20.9	$ 19.2
Stock-based compensation expense, net of tax	$ 5.3	$ 3	$ 16.3	$ 12.1
2017 Stock Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance stock awards (in shares)	8,046,856		8,046,856

Restructuring and Other Charg56

Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 26, 2017	Sep. 21, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2	$ 7.1	$ 9.6	$ 24.9
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(0.2)	0	2.7	0.4
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.2	7.1	6.9	24.5
Employee Severance and Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges			3.4	20.2
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges			5.4	1.8
Access Equipment
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	78		78
Restructuring charges	2.3	7.1	5.6	24.5
Access Equipment | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0	0	0
Access Equipment | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.3	7.1	5.6	24.5
Access Equipment | Operating Expense
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	35		35
Restructuring charges	4.6	4	22.8	4.9
Restructuring and Related Cost, Expected Cost Remaining	2		2
Commercial
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(0.3)	0	4	0.4
Commercial | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(0.2)	0	2.7	0.4
Commercial | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(0.1)	0	1.3	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	0.5	0.2	1.6
Access Equipment Restructuring Plan 2 | Access Equipment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.3	$ 6.6	5.4	$ 22.9
Restructuring and Related Cost, Expected Cost Remaining	$ 1		$ 1

Restructuring and Other Charg57

Restructuring and Other Charges (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 20.8	$ 0.9
Restructuring provision	$ 2	$ 7.1	9.6	24.9
Utilized - cash			(20.6)	(3.9)
Utilized - noncash			(0.8)	(2.9)
Foreign currency translation			0.2	0.9
Ending Balance	9.2	19.9	9.2	19.9
Employee Severance and Termination Benefits
Restructuring Reserve [Roll Forward]
Beginning Balance			19.8	0.9
Restructuring provision			3.4	20.2
Utilized - cash			(16.2)	(3)
Utilized - noncash			0	0
Foreign currency translation			0.1	0.8
Ending Balance	7.1	18.9	7.1	18.9
Property, Plant and Equipment Impairment
Restructuring Reserve [Roll Forward]
Beginning Balance			0	0
Restructuring provision			0.8	2.9
Utilized - cash			0	0
Utilized - noncash			(0.8)	(2.9)
Foreign currency translation			0	0
Ending Balance	0	0	0	0
Other Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			1	0
Restructuring provision			5.4	1.8
Utilized - cash			(4.4)	(0.9)
Utilized - noncash			0	0
Foreign currency translation			0.1	0.1
Ending Balance	2.1	1	2.1	1
Access Equipment
Restructuring Reserve [Roll Forward]
Restructuring provision	2.3	7.1	5.6	24.5
Commercial
Restructuring Reserve [Roll Forward]
Restructuring provision	(0.3)	0	4	0.4
Cost of Sales
Restructuring Reserve [Roll Forward]
Restructuring provision	2.2	7.1	6.9	24.5
Cost of Sales | Access Equipment
Restructuring Reserve [Roll Forward]
Restructuring provision	2.3	7.1	5.6	24.5
Cost of Sales | Commercial
Restructuring Reserve [Roll Forward]
Restructuring provision	(0.1)	0	1.3	0
Selling, General and Administrative Expenses
Restructuring Reserve [Roll Forward]
Restructuring provision	(0.2)	0	2.7	0.4
Selling, General and Administrative Expenses | Access Equipment
Restructuring Reserve [Roll Forward]
Restructuring provision	0	0	0	0
Selling, General and Administrative Expenses | Commercial
Restructuring Reserve [Roll Forward]
Restructuring provision	$ (0.2)	$ 0	$ 2.7	$ 0.4

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Components of net periodic benefit cost
Company contributions to fund benefit payments			$ 6
Pension benefit
Components of net periodic benefit cost
Service cost	$ 3.1	$ 3.3	9.3	$ 9.8
Interest cost	4.5	4.4	13.5	13.2
Expected return on plan assets	(5)	(4.5)	(15.1)	(13.6)
Amortization of prior service cost	0.5	0.4	1.4	1.3
Amortization of net actuarial loss	0.5	1	1.4	3
Net periodic benefit cost	3.6	4.6	10.5	13.7
Other post-employment benefit
Components of net periodic benefit cost
Service cost	0.9	0.6	2.7	1.9
Interest cost	0.5	0.4	1.4	1.2
Amortization of prior service cost	(0.2)	(0.2)	(0.7)	(0.7)
Amortization of net actuarial loss	0	0.1	0.1	0.2
Net periodic benefit cost	$ 1.2	$ 0.9	$ 3.5	$ 2.6

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Effective income tax rate (as a percent)	22.60%		35.30%		21.10%	34.10%
Income tax expense	$ 44.6		$ 70.1		$ 85.5	$ 98.9
Income tax expense (benefit), tax credit, discrete items	(2.9)		(3.9)		(14.3)	(8.7)
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense					4.5	2.2
Other Tax Expense (Benefit)	(2.2)				(8.7)
Deferred state and local Income tax expense (benefit)	(4.2)		(1.4)		(4.3)	(1.4)
Gross unrecognized tax benefits, excluding income tax penalties and interest	31.8				31.8		$ 37.2
Net unrecognized tax benefits, excluding interest and penalties that would affect the Company's net income if recognized	16.4				16.4
Interest and penalties benefit (cost)					1.3	1.3
Accruals for payment of interest and penalties	8.5				8.5
Estimated reduction in unrecognized tax benefits due to tax audit resolutions during the next twelve months	2.5				2.5
Foreign Tax Authority [Member]
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	4		$ (2.1)		4
Domestic Tax Authority [Member]
Valuation allowance, deferred tax asset, increase (decrease), amount						(3.3)
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	(0.6)					$ (2.1)
Tax Reform [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		35.00%		21.00%
Deferred Federal Income Tax Expense (Benefit)	(6.3)				(30.2)
Current Foreign Income Tax Expense (Benefit)	$ 4.1				$ 21.5

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			$ 2,307.4
Total other comprehensive income (loss), net of tax	$ (34.6)	$ 27.6	(14.7)	$ 9.5
Balance at end of period	2,420.4		2,420.4
Employee Pension and Postretirement Benefits, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(45.2)	(72.3)	(46.2)	(73.9)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	0.6	0.8	1.6	2.4
Total other comprehensive income (loss), net of tax	0.6	0.8	1.6	2.4
Balance at end of period	(44.6)	(71.5)	(44.6)	(71.5)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(60)	(120.8)	(78.6)	(101.1)
Other comprehensive income (loss) before reclassifications	(35.4)	27	(16.8)	7.3
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Total other comprehensive income (loss), net of tax	(35.4)	27	(16.8)	7.3
Balance at end of period	(95.4)	(93.8)	(95.4)	(93.8)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	0.1	0	(0.2)	0
Other comprehensive income (loss) before reclassifications	0.2	(0.2)	0.5	(0.2)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Total other comprehensive income (loss), net of tax	0.2	(0.2)	0.5	(0.2)
Balance at end of period	0.3	(0.2)	0.3	(0.2)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(105.1)	(193.1)	(125)	(175)
Other comprehensive income (loss) before reclassifications	(35.2)	26.8	(16.3)	7.1
Amounts reclassified from accumulated other comprehensive income (loss)	0.6	0.8	1.6	2.4
Total other comprehensive income (loss), net of tax	(34.6)	27.6	(14.7)	9.5
Balance at end of period	$ (139.7)	$ (165.5)	$ (139.7)	$ (165.5)

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Income (Loss) (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Employee Pension and Postretirement Benefits, Net of Tax
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit	$ 0.2	$ 0.5	$ 0.6	$ 1.4
Net of tax	0.6	0.8	1.6	2.4
Total before tax	0.8	1.3	2.2	3.8
Prior service costs
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	0.3	0.2	0.7	0.6
Actuarial losses
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	$ 0.5	$ 1.1	$ 1.5	$ 3.2

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Weighted-Average Common Shares Outstanding
Basic weighted-average common shares outstanding (in shares)	73,768,372	74,806,775	74,379,512	74,593,065
Dilutive stock options and other equity-based compensation awards (in shares)	892,146	1,086,050	1,015,863	1,092,479
Diluted weighted-average common shares outstanding (in shares)	74,660,518	75,892,825	75,395,375	75,685,544

Earnings Per Share (Details 2)

Earnings Per Share (Details 2) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Stock options (in shares)	248,975	388,625	254,883	390,850

Contingencies, Significant Es64

Contingencies, Significant Estimates and Concentrations (Details) $ in Millions, $ in Millions	9 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2018CAD ($)	Sep. 30, 2017USD ($)
Loss contingencies
Gain Contingency, Unrecorded Amount		$ 25.3
Personal injury actions and other
Loss contingencies
Maximum self-insurance available per claim	$ 5
Reserve for loss contingencies	38		$ 39.1
Performance and specialty bonds
Loss contingencies
Commitments and contingencies	629.8		598.4
Standby letters of credit
Loss contingencies
Commitments and contingencies	$ 87.4		$ 96.9

Business Segment Information (D

Business Segment Information (Details)	9 Months Ended
	Jun. 30, 2018segment
Segment Reporting [Abstract]
Number of reportable segments of entity (in segments)	4

Business Segment Information 66

Business Segment Information (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net sales:
Revenues	$ 2,175.8	$ 2,036.9	$ 5,648.5	$ 4,866.6
Operating income (loss) from continuing operations:
Operating income (loss):	222.4	211.9	452.1	328.5
Interest expense, net of interest income	(23.5)	(13.9)	(45.2)	(41.9)
Miscellaneous other income (expense)	(1.8)	0.6	(2.1)	3.1
Income before income taxes and earnings of unconsolidated affiliates	197.1	198.6	404.8	289.7
Access Equipment
Net sales:
Revenues	1,160.1	980.2	2,716.2	2,192.6
Operating income (loss) from continuing operations:
Operating income (loss):	149.3	130.2	260.8	196.7
Access Equipment | Aerial work platforms
Net sales:
Revenues	650.8	583.1	1,461.5	1,186.2
Access Equipment | Telehandlers
Net sales:
Revenues	300.2	202.9	664.6	457.8
Access Equipment | Other
Net sales:
Revenues	209.1	194.2	590.1	548.6
Defense
Net sales:
Revenues	442.2	482.2	1,363.2	1,222.1
Operating income (loss) from continuing operations:
Operating income (loss):	47.5	62.4	160.5	134.9
Fire & Emergency
Net sales:
Revenues	280.2	278.9	774.2	741.5
Operating income (loss) from continuing operations:
Operating income (loss):	36.4	30.8	97.5	69.6
Commercial
Net sales:
Revenues	293.1	293.6	794.3	705.8
Operating income (loss) from continuing operations:
Operating income (loss):	25.1	21.6	49.8	32.2
Commercial | Concrete placement
Net sales:
Revenues	145.4	158.5	371.5	355.6
Commercial | Refuse collection
Net sales:
Revenues	116.3	107.8	335.3	279.1
Commercial | Other
Net sales:
Revenues	31.4	27.3	87.5	71.1
Intersegment eliminations
Net sales:
Revenues	0.2	2	0.6	4.6
Operating segments
Net sales:
Revenues	2,175.8	2,036.9	5,648.5	4,866.6
Operating segments | Access Equipment
Net sales:
Revenues	1,160.1	980.2	2,716.2	2,192.6
Operating segments | Access Equipment | Aerial work platforms
Net sales:
Revenues	650.8	583.1	1,461.5	1,186.2
Operating segments | Access Equipment | Telehandlers
Net sales:
Revenues	300.2	202.9	664.6	457.8
Operating segments | Access Equipment | Other
Net sales:
Revenues	209.1	194.2	590.1	548.6
Operating segments | Defense
Net sales:
Revenues	442.6	482.7	1,364.3	1,223.3
Operating segments | Fire & Emergency
Net sales:
Revenues	283.8	282.9	786	752.9
Operating segments | Commercial
Net sales:
Revenues	295.2	295.2	800.5	710.4
Operating segments | Commercial | Concrete placement
Net sales:
Revenues	145.4	158.5	371.5	355.6
Operating segments | Commercial | Refuse collection
Net sales:
Revenues	116.3	107.8	335.3	279.1
Operating segments | Commercial | Other
Net sales:
Revenues	33.5	28.9	93.7	75.7
Operating segments | Intersegment eliminations
Net sales:
Revenues	(5.9)	(4.1)	(18.5)	(12.6)
Corporate, non-segment
Operating income (loss) from continuing operations:
Operating income (loss):	(36)	(33.1)	(116.6)	(104.9)
Intersegment eliminations
Net sales:
Revenues	0	0	0	0
Operating income (loss) from continuing operations:
Operating income (loss):	0.1	0	0.1	0
Intersegment eliminations | Access Equipment
Net sales:
Revenues	0	0	0	0
Intersegment eliminations | Access Equipment | Aerial work platforms
Net sales:
Revenues	0	0	0	0
Intersegment eliminations | Access Equipment | Telehandlers
Net sales:
Revenues	0	0	0	0
Intersegment eliminations | Access Equipment | Other
Net sales:
Revenues	0	0	0	0
Intersegment eliminations | Defense
Net sales:
Revenues	0.4	0.5	1.1	1.2
Intersegment eliminations | Fire & Emergency
Net sales:
Revenues	3.6	4	11.8	11.4
Intersegment eliminations | Commercial
Net sales:
Revenues	2.1	1.6	6.2	4.6
Intersegment eliminations | Commercial | Concrete placement
Net sales:
Revenues	0	0	0	0
Intersegment eliminations | Commercial | Refuse collection
Net sales:
Revenues	0	0	0	0
Intersegment eliminations | Commercial | Other
Net sales:
Revenues	2.1	1.6	6.2	4.6
Intersegment eliminations | Intersegment eliminations
Net sales:
Revenues	$ (6.1)	$ (6.1)	$ (19.1)	$ (17.2)

Business Segment Information 67

Business Segment Information (Details 3) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Revenue and assets by geography
Identifiable assets		$ 5,273.9		$ 5,273.9		$ 5,098.9
Revenues		2,175.8	$ 2,036.9	5,648.5	$ 4,866.6
United States
Revenue and assets by geography
Revenues				4,558.4	3,714.9
Other North America
Revenue and assets by geography
Revenues				183.9	137.8
Europe, Africa and Middle East
Revenue and assets by geography
Revenues				630.9	742.9
Rest of the World
Revenue and assets by geography
Revenues				275.3	271
Access Equipment
Revenue and assets by geography
Revenues		1,160.1	980.2	2,716.2	2,192.6
Defense
Revenue and assets by geography
Revenues		442.2	482.2	1,363.2	1,222.1
Fire & Emergency
Revenue and assets by geography
Revenues		280.2	278.9	774.2	741.5
Commercial
Revenue and assets by geography
Revenues		293.1	293.6	794.3	705.8
Operating segments
Revenue and assets by geography
Revenues		2,175.8	2,036.9	5,648.5	4,866.6
Operating segments | Access Equipment
Revenue and assets by geography
Identifiable assets		2,896.3		2,896.3		2,692.6
Revenues		1,160.1	980.2	2,716.2	2,192.6
Operating segments | Access Equipment | United States
Revenue and assets by geography
Identifiable assets		2,111		2,111		1,905.5
Operating segments | Access Equipment | Europe
Revenue and assets by geography
Identifiable assets		570.2		570.2		541
Operating segments | Access Equipment | Rest of the World
Revenue and assets by geography
Identifiable assets		215.1		215.1		246.1
Operating segments | Defense
Revenue and assets by geography
Identifiable assets		789		789		782.1
Revenues		442.6	482.7	1,364.3	1,223.3
Operating segments | Defense | United States
Revenue and assets by geography
Identifiable assets		782.3		782.3		775.1
Operating segments | Defense | Rest of the World
Revenue and assets by geography
Identifiable assets		6.7		6.7		7
Operating segments | Fire & Emergency
Revenue and assets by geography
Revenues		283.8	282.9	786	752.9
Operating segments | Fire & Emergency | United States
Revenue and assets by geography
Identifiable assets		538.1		538.1		552.6
Operating segments | Commercial
Revenue and assets by geography
Identifiable assets		432.7		432.7		419.6
Revenues		295.2	$ 295.2	800.5	$ 710.4
Operating segments | Commercial | United States
Revenue and assets by geography
Identifiable assets		390.4		390.4		377.3
Operating segments | Commercial | Rest of the World
Revenue and assets by geography
Identifiable assets		42.3		42.3		42.3
Corporate, non-segment
Revenue and assets by geography
Identifiable assets		617.8		617.8		652
Corporate, non-segment | United States
Revenue and assets by geography
Identifiable assets	[1]	508.7		508.7		543.9
Corporate, non-segment | Rest of the World
Revenue and assets by geography
Identifiable assets	[2]	$ 109.1		$ 109.1		$ 108.1
[1]	Primarily includes cash and short-term investments.
[2]	Primarily includes a corporate-led manufacturing facility that supports multiple operating segments.