v3.26.3
BUSINESS SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Segment Information
Business segment information is presented below (in millions):
Three Months Ended September 30, 2026
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$400 $434 $657 $709 $(3)$2,197 
Less: (1)
Adjusted cost of goods sold
309 314 527 609 1,759 
Adjusted selling, general and administrative expenses
35 41 31 45 152 
Adjusted segment operating profit $56 $79 $99 $55 $289 
Corporate and Other / Eliminations(41)
Restructuring and other
15 
Purchase Price Accounting
(57)
Divestitures
(23)
Consolidated operating profit$183 
Interest expense - net(44)
Other expense - net(4)
Income before income taxes$135 
(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 the impact of certain one-time costs and other items that affect the comparability of segment performance between periods, which are reflected as reconciling items in the reconciliation to Consolidated operating profit.
Nine Months Ended September 30, 2026
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$1,267 $1,317 $1,744 $1,851 $(10)$6,169 
Less: (1)
Adjusted cost of goods sold
962971 1,409 1,630 4,972 
Adjusted selling, general and administrative expenses
104127 89 141 461 
Adjusted segment operating profit$201 $219 $246 $80 $746 
Corporate and Other / Eliminations(190)
Restructuring and other
8 
Purchase Price Accounting
(256)
Divestitures
(20)
Consolidated operating profit$288 
Interest expense - net(133)
Other expense - net(8)
Income before income taxes$147 
(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 the impact of certain one-time costs and other items that affect the comparability of segment performance between periods, which are reflected as reconciling items in the reconciliation to Consolidated operating profit.

Three Months Ended September 30, 2025
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$435 $417 $— $537 $(2)$1,387 
Less: (1)
Adjusted cost of goods sold
320 321 — 442 1,083 
Adjusted selling, general and administrative expenses
36 45 — 45 126 
Adjusted segment operating profit
$79 $51 $— $50 $180 
Corporate and Other / Eliminations(15)
Restructuring and other
(5)
Purchase Price Accounting
(20)
Consolidated operating profit
$140 
Interest expense - net(42)
Other expense - net(4)
Income before income taxes$94 
(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 the impact of certain one-time costs and other items that affect the comparability of segment performance between periods, which are reflected as reconciling items in the reconciliation to Consolidated operating profit.
Nine Months Ended September 30, 2025
ES
MP
SV
Aerials
Corporate and Other / Eliminations
Total
Net sales$1,264 $1,253 $— $1,594 $(8)$4,103 
Less: (1)
Adjusted cost of goods sold
921970— 1,341 3,232 
Adjusted selling, general and administrative expenses
105 136 — 141 382 
Adjusted segment operating profit
$238 $147 $— $112 $497 
Corporate and Other / Eliminations(67)
Restructuring and other
(20)
Purchase Price Accounting
(62)
Litigation related
(10)
Consolidated operating profit
$338 
Interest expense - net(125)
Other expense - net(4)
Income before income taxes$209 
(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 the impact of certain one-time costs and other items that affect the comparability of segment performance between periods, which are reflected as reconciling items in the reconciliation to Consolidated operating profit.

Three Months Ended September 30,
Nine Months Ended September 30,
2026202520262025
Depreciation and amortization
ES
$25 $24 $74 $73 
MP5 5 1515
SV
47— 125— 
Aerials
7 7 2019
Corporate4 2 126
Total$88 $38 $246 $113 
Capital expenditures
ES
$9 $9 $24 $23 
MP4 4 812
SV
15 — 36— 
Aerials
3 6 1536
Corporate— 5 713
Total$31 $24 $90 $84 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated
September 30,
2026		December 31,
2025
Identifiable assets
ES
$2,526 $2,523 
MP1,003 979 
SV
4,362 — 
Aerials
1,582 1,443 
Corporate
823 1,194 
Total$10,296 $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
September 30, 2026
ES
MP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region
North America$393 $197 $647 $570 $— $1,807 
Western Europe— 103 — 87 — 190 
Asia-Pacific196 3 25 — 125 
Rest of World (1)
638 7 27 (3)75 
Total (2)
$400 $434 $657 $709 $(3)$2,197 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $1,713 million for the three months ended September 30, 2026 attributable to the U.S., the Company’s country of domicile.
Nine Months Ended
September 30, 2026
ESMP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region
North America$1,246 $602 $1,724 $1,434 $— $5,006 
Western Europe— 311 — 275 — 586 
Asia-Pacific5 287 5 66 — 363 
Rest of World (1)
16 117 1576 (10)214 
Total (2)
$1,267 $1,317 $1,744 $1,851 $(10)$6,169 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $4,718 million for the nine months ended September 30, 2026 attributable to the U.S., the Company’s country of domicile.
Three Months Ended
September 30, 2025
ES
MP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region
North America$430 $179 $— $387 $— $996 
Western Europe— 105 — 92 — 197 
Asia-Pacific2 90 — 28 — 120 
Rest of World (1)
3 43 — 30 (2)74 
Total (2)
$435 $417 $— $537 $(2)$1,387 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $929 million for the three months ended September 30, 2025 attributable to the U.S., the Company’s country of domicile.
Nine Months Ended
September 30, 2025
ES
MP
SV
Aerials
Corporate and Other / EliminationsTotal
Net sales by region
North America$1,252 $551 $— $1,176 $2 $2,981 
Western Europe— 328 — 246 — 574 
Asia-Pacific4 246 — 82 — 332 
Rest of World (1)
8 128 — 90 (10)216 
Total (2)
$1,264 $1,253 $— $1,594 $(8)$4,103 
(1) Includes intercompany sales and eliminations.
(2)     Total sales for all segments in the aggregate include $2,737 million for the nine months ended September 30, 2025 attributable to the U.S., the Company’s country of domicile.