v3.25.4
Business Segments
12 Months Ended
Dec. 31, 2025
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 202520242023
Revenues from external customers   
Americas$2,815.9 $3,223.4 $2,900.6 
EMEA569.9 707.6 820.5 
JAPIC183.5 183.7 201.1 
Lift truck business3,569.3 4,114.7 3,922.2 
Bolzoni333.1 379.1 375.3 
  Eliminations(133.1)(185.6)(179.2)
Total$3,769.3 $4,308.2 $4,118.3 
Cost of Sales
Americas$2,330.9 $2,538.0 $2,343.9 
EMEA515.8 599.5 699.5 
JAPIC170.9 167.1 175.6 
Lift truck business3,017.6 3,304.6 3,219.0 
Bolzoni253.7 293.7 293.1 
Eliminations(134.8)(185.6)(179.4)
Total$3,136.5 $3,412.7 $3,332.7 
Gross profit 
Americas$485.0 $685.4 $556.7 
EMEA54.1 108.1 121.0 
JAPIC12.6 16.6 25.5 
Lift truck business551.7 810.1 703.2 
Bolzoni79.4 85.4 82.2 
  Eliminations1.7 — 0.2 
Total$632.8 $895.5 $785.6 
Selling, general and administrative expenses 
Americas$387.9 $401.0 $360.0 
EMEA115.8 117.1 108.9 
JAPIC36.9 38.0 41.1 
Lift truck business540.6 556.1 510.0 
Bolzoni75.9 72.0 66.9 
Total$616.5 $628.1 $576.9 
Adjustments (a)
Americas$28.8 $7.3 $— 
EMEA4.5 2.4 — 
JAPIC1.9 8.6 — 
Lift truck business35.2 18.3 — 
Bolzoni3.2 4.3 — 
Total$38.4 $22.6 $— 
 202520242023
Operating profit (loss) 
Americas$68.3 $277.1 $196.7 
EMEA(66.2)(11.4)12.1 
JAPIC(26.2)(30.0)(15.6)
Lift truck business(24.1)235.7 193.2 
Bolzoni0.3 9.1 15.3 
  Eliminations1.7 — 0.2 
Total$(22.1)$244.8 $208.7 
Interest expense 
Americas$29.1 $30.8 $33.2 
EMEA0.7 1.9 3.2 
JAPIC1.2 1.2 1.4 
Eliminations(0.9)(1.1)(1.2)
Lift truck business30.1 32.8 36.6 
Bolzoni2.2 2.1 2.0 
  Eliminations(1.1)(1.1)(1.3)
Total$31.2 $33.8 $37.3 
Total assets 
Americas$1,619.7 $1,938.6 $1,740.8 
EMEA668.7 678.5 808.5 
JAPIC263.2 252.9 276.8 
Eliminations(667.6)(928.3)(836.2)
Lift truck business1,884.0 1,941.7 1,989.9 
Bolzoni325.3 290.8 303.8 
  Eliminations(188.7)(203.3)(214.6)
Total$2,020.6 $2,029.2 $2,079.1 
Depreciation and amortization 
Americas$18.0 $19.6 $17.3 
EMEA9.0 8.5 8.2 
JAPIC6.4 7.8 7.9 
Lift truck business33.4 35.9 33.4 
Bolzoni12.4 11.7 11.7 
Total$45.8 $47.6 $45.1 
Capital expenditures 
Americas$(37.5)$(29.9)$(20.4)
EMEA(10.9)(5.7)(6.6)
JAPIC(5.9)(5.3)(3.3)
Lift truck business(54.3)(40.9)(30.3)
Bolzoni(8.2)(6.9)(5.1)
Total$(62.5)$(47.8)$(35.4)
(a) Consists of restructuring and impairment charges recognized during the years ended December 31, 2025 and 2024 related to programs initiated in 2025 and 2024 as part of the Company's global workforce reduction, strategic realignment of Nuvera and manufacturing footprint optimization. See Note 19, Restructuring and Impairment Charges, of the Company's Consolidated Financial Statements for further discussion.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
 U.S.Europe, Middle East and AfricaOtherConsolidated
2025    
Revenues from unaffiliated customers, based on the customers’ location$2,529.9 $689.3 $550.1 $3,769.3 
Long-lived tangible assets$197.3 $98.8 $91.1 $387.2 
2024    
Revenues from unaffiliated customers, based on the customers’ location$2,874.4 $817.9 $615.9 $4,308.2 
Long-lived tangible assets$194.1 $82.6 $85.5 $362.2 
2023
Revenues from unaffiliated customers, based on the customers’ location$2,542.9 $930.5 $644.9 $4,118.3 
Long-lived tangible assets$179.1 $90.5 $101.1 $370.7