v3.26.1
Business Segment Information - Schedule of Income (Loss) from Continuing Operations by Reportable Segment (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Net sales $ 2,317.8 $ 2,312.8
Cost of sales (excluding R&D) 1,966.8 1,864.1
Research and development 39.1 48.8
Gross income 311.9 399.9
Employee compensation 131.8 122.5
Amortization of purchased intangibles 14.3 13.5
Other items 83.8 [1] 88.5 [2]
Operating income 82.0 175.4
Interest expense, net of interest income (25.3) (25.0)
Miscellaneous, net (2.0) 0.5
Income before income taxes and losses of unconsolidated affiliates 54.7 150.9
Operating Segments    
Segment Reporting Information [Line Items]    
Net sales 2,281.2 2,286.9
Cost of sales (excluding R&D) 1,935.6 1,840.1
Research and development 35.9 42.0
Gross income 309.7 404.8
Employee compensation 92.6 88.2
Amortization of purchased intangibles 13.5 12.8
Other items 80.0 [1] 82.3 [2]
Operating income 123.6 221.5
Operating Segments | Access Segment    
Segment Reporting Information [Line Items]    
Net sales 943.4 957.1
Cost of sales (excluding R&D) 800.3 749.7
Research and development 23.3 21.3
Gross income 119.8 186.1
Employee compensation 43.3 41.0
Amortization of purchased intangibles 4.1 3.4
Other items 37.7 [1] 38.6 [2]
Operating income 34.7 103.1
Operating Segments | Vocational Segment    
Segment Reporting Information [Line Items]    
Net sales 825.0 866.8
Cost of sales (excluding R&D) 652.8 655.6
Research and development 9.3 18.2
Gross income 162.9 193.0
Employee compensation 35.1 34.3
Amortization of purchased intangibles 9.4 9.4
Other items 33.7 [1] 31.5 [2]
Operating income 84.7 117.8
Operating Segments | Transport Segment    
Segment Reporting Information [Line Items]    
Net sales 512.8 463.0
Cost of sales (excluding R&D) 482.5 434.8
Research and development 3.3 2.5
Gross income 27.0 25.7
Employee compensation 14.2 12.9
Amortization of purchased intangibles 0.0 0.0
Other items 8.6 [1] 12.2 [2]
Operating income 4.2 0.6
Operating Segments | Corporate and Other    
Segment Reporting Information [Line Items]    
Net sales 36.6 25.9
Cost of sales (excluding R&D) 31.2 24.0
Research and development 3.2 6.8
Gross income 2.2 (4.9)
Employee compensation 39.2 34.3
Amortization of purchased intangibles 0.8 0.7
Other items 3.8 [1] 6.2 [2]
Operating income $ (41.6) $ (46.1)
[1] Includes software and information technology, outside services and consulting, travel, advertising, lease expense, depreciation and other miscellaneous SG&A expenses.
[2] Includes outside services and consulting, software and information technology, travel, office expenses, depreciation, advertising, lease expense and other miscellaneous SG&A expenses.