OSHKOSH CORPORATION CONSOLIDATED STATEMENTS OF SHAREHOLDERS ’ EQUITY (Dollars in millions, except per share amounts)
Accumulated Other Comprehensive Income (Loss)
Common Stock in Treasury at Cost
Additional Paid-In Capital
Common Stock
Retained Earnings
Total
Balance at December 31, 2022
$
0.7 $ 806.0 $ 3,315.0 $
(92.3) $ (843.7) $ 3,185.7
Net income
—
— 598.0
—
— 598.0
Pension and post-employment benefits, net of tax of $0.9
— — — — — — — — —
— — —
— — — — — — — — —
1.9
— — —
1.9
Currency translation adjustments Derivative instruments, net of tax Cash dividends ($1.64 per share) Repurchases of Common Stock
27.1
27.1
(8.7)
(8.7)
— (107.2)
—
— (107.2)
—
— (22.5)
(22.5)
Exercise of stock options
1.5
— — —
7.7
9.2
Stock-based compensation expense
31.9
—
31.9
Payment of stock-based restricted and performance shares Shares tendered for taxes on stock-based compensation
— (16.8)
16.8
—
—
— (11.0)
(11.0)
Other
0.4
—
0.5
0.9
Balance at December 31, 2023
0.7
823.0
3,805.8
(72.0)
(852.2)
3,705.3
Net income
—
— 681.4
—
— 681.4
Pension and post-employment benefits, net of tax of $11.0
— — — — — — — — —
— — —
— — — — — — — — —
35.4
—
35.4
Currency translation adjustments Derivative instruments, net of tax Cash dividends ($1.84 per share) Repurchases of Common Stock
(67.7)
— (67.7)
1.1
—
1.1
— (120.0)
—
— (120.0)
—
— (116.0)
(116.0)
Exercise of stock options
1.1
— — —
4.2
5.3
Stock-based compensation expense
38.1
—
38.1
Payment of stock-based restricted and performance shares Shares tendered for taxes on stock-based compensation
— (14.2)
14.2
—
—
— (11.1)
(11.1)
Other
(0.2)
—
0.5
0.3
Balance at December 31, 2024
0.7
847.8
4,367.2
(103.2)
(960.4)
4,152.1
Net income
—
— 647.0
—
— 647.0
Pension and post-employment benefits, net of tax of $(0.5)
— — — — — — — — —
— — —
— — — — — — — — —
(2.0)
—
(2.0)
Currency translation adjustments Derivative instruments, net of tax Cash dividends ($2.04 per share) Repurchases of Common Stock
112.4
— 112.4
(0.8)
—
(0.8)
— (130.4)
—
— (130.4)
—
— (278.0)
(278.0)
Exercise of stock options
1.4
— — —
6.1
7.5
Stock-based compensation expense
38.0
—
38.0
Payment of stock-based restricted and performance shares Shares tendered for taxes on stock-based compensation
— (20.5)
20.5
—
—
— (15.6)
(15.6)
Other
(0.4)
—
0.7
0.3
Balance at December 31, 2025
$
0.7 $ 866.3 $ 4,883.8 $
6.4 $ (1,226.7) $ 4,530.5
The accompanying notes are an integral part of these financial statements.
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