v3.26.1
BUSINESS SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Segment Information
Business segment information is presented below (in millions):
 
Three Months Ended June 30, 2026
 
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$456 $464 $650 $673 $(5)$2,238 
​
Less: (1)
Adjusted cost of goods sold
346 339 525 593 1,803 
Adjusted selling, general and administrative expenses
35 43 37 48 163 
Adjusted segment operating profit $75 $82 $88 $32 $277 
​
Corporate and Other / Eliminations(48)
Restructuring and other
(7)
Purchase Price Accounting
(35)
Consolidated operating profit$187 
Interest expense - net(45)
Other expense - net(3)
Income before income taxes$139 
(1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. Adjusted cost of goods sold and Adjusted selling, general and administrative expenses exclude certain items that are reflected as reconciling items in the reconciliation to Consolidated operating profit.
 
Six Months Ended June 30, 2026
 
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$867 $883 $1,086 $1,142 $(6)$3,972 
Less: (1)
Adjusted cost of goods sold
653658 881 1,021 3,213 
Adjusted selling, general and administrative expenses
6985 59 96 309 
Adjusted segment operating profit$145 $140 $146 $25 $456 
Corporate and Other / Eliminations(147)
Restructuring and other
(8)
Purchase Price Accounting
(199)
Divestitures
3 
Consolidated operating profit$105 
Interest expense - net(88)
Other expense - net(4)
Income before income taxes$13 
(1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. Adjusted cost of goods sold and Adjusted selling, general and administrative expenses exclude certain items that are reflected as reconciling items in the reconciliation to Consolidated operating profit.

Three Months Ended June 30, 2025
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$430 $454 $— $607 $(4)$1,487 
Less: (1)
Adjusted cost of goods sold
312 349 — 509 1,170 
Adjusted selling, general and administrative expenses
36 47 — 49 132 
Adjusted segment operating profit
$82 $58 $— $49 $189 
Corporate and Other / Eliminations(27)
Restructuring and other
(12)
Purchase Price Accounting
(21)
Consolidated operating profit
$129 
Interest expense - net(42)
Other income - net2 
Income before income taxes$89 
(1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. Adjusted cost of goods sold and Adjusted selling, general and administrative expenses exclude certain items that are reflected as reconciling items in the reconciliation to Consolidated operating profit.

Six Months Ended June 30, 2025
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$829 $836 $— $1,057 $(6)$2,716 
Less: (1)
Adjusted cost of goods sold
602648— 8992,149 
Adjusted selling, general and administrative expenses
68 92 — 96 256 
Adjusted segment operating profit
$159 $96 $— $62 $317 
Corporate and Other / Eliminations(53)
Restructuring and other
(14)
Purchase Price Accounting
(42)
Litigation related
(10)
Consolidated operating profit
$198 
Interest expense - net(83)
Income before income taxes$115 
(1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. Adjusted cost of goods sold and Adjusted selling, general and administrative expenses exclude certain items that are reflected as reconciling items in the reconciliation to Consolidated operating profit.

 
Three Months Ended June 30,
Six Months Ended June 30,
 2026202520262025
Depreciation and amortization
ES
$25 $24 $49 $48 
MP5 5 1010
SV
42— 78— 
Aerials
6 6 1413
Corporate7 4 127
Total$85 $39 $163 $78 
Capital expenditures
ES
$6 $8 $14 $15 
MP2 4 48
SV
16 — 22— 
Aerials
5 7 1230
Corporate5 5 77
Total$34 $24 $59 $60 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated
June 30,
2026		December 31,
2025
Identifiable assets  
ES
$2,550 $2,523 
MP1,001 979 
SV
4,380 — 
Aerials
1,572 1,443 
Corporate
841 1,194 
Total$10,344 $6,139 
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue
Geographic net sales information is presented below (in millions):
 
Three Months Ended
June 30, 2026
 ES
MP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region 
North America$448 $227 $643 $529 $— $1,847 
Western Europe— 104 — 98 — 202 
Asia-Pacific298 2 20 — 122 
Rest of World (1)
635 5 26 (5)67 
Total (2)
$456 $464 $650 $673 $(5)$2,238 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $1,732 million for the three months ended June 30, 2026 attributable to the U.S., the Company’s country of domicile.
 
Six Months Ended
June 30, 2026
 ESMP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region 
North America$853 $405 $1,077 $864 $— $3,199 
Western Europe— 208 — 188 — 396 
Asia-Pacific4 191 2 41 — 238 
Rest of World (1)
10 79 749 (6)139 
Total (2)
$867 $883 $1,086 $1,142 $(6)$3,972 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $3,005 million for the six months ended June 30, 2026 attributable to the U.S., the Company’s country of domicile.

Three Months Ended
June 30, 2025
ES
MP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region
North America$426 $201 $— $458 $2 $1,087 
Western Europe— 128 — 87 — 215 
Asia-Pacific1 80 — 29 — 110 
Rest of World (1)
3 45 — 33 (6)75 
Total (2)
$430 $454 $— $607 $(4)$1,487 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $992 million for the three months ended June 30, 2025 attributable to the U.S., the Company’s country of domicile.
Six Months Ended
June 30, 2025
ES
MP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region
North America$822 $372 $— $789 $2 $1,985 
Western Europe— 223 — 154 — 377 
Asia-Pacific2 156 — 54 — 212 
Rest of World (1)
5 85 — 60 (8)142 
Total (2)
$829 $836 $— $1,057 $(6)$2,716 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $1,809 million for the six months ended June 30, 2025 attributable to the U.S., the Company’s country of domicile.