XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenue from Contract with Customer, Including Assessed Tax $ 2,537.6 $ 2,165.2 $ 4,545.1 $ 3,792.8
Cost of Goods and Services Sold 1,981.3 1,689.8 3,560.8 2,987.1
Gross profit 556.3 475.4 984.3 805.7
Selling, general and administrative expenses 271.8 234.6 536.4 457.3
Engineering expenses 93.0 76.8 183.9 149.9
Restructuring expenses 2.7 0.4 8.6 5.5
Amortization of intangibles 18.2 13.8 33.9 27.2
Bad debt expense 2.5 1.5 2.9 1.8
Income from operations 168.1 148.3 218.6 164.0
Interest expense, net 21.2 11.3 31.5 22.0
Other expense, net 27.2 17.6 38.7 30.7
Income before income taxes and equity in net earnings of affiliates 119.7 119.4 148.4 111.3
Income tax provision 38.5 36.9 49.9 48.0
Income before equity in net earnings of affiliates 81.2 82.5 98.5 63.3
Equity in net earnings of affiliates 9.2 9.1 16.9 20.1
Net income 90.4 91.6 115.4 83.4
Net loss (income) attributable to noncontrolling interests 1.0 (0.1) 0.3 (2.0)
Net income attributable to AGCO Corporation and subsidiaries $ 91.4 $ 91.5 $ 115.7 $ 81.4
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic, in dollars per share $ 1.15 $ 1.15 $ 1.46 $ 1.02
Diluted, in dollars per share 1.14 1.14 1.44 1.02
Cash dividends declared and paid per common share, in dollars per share $ 0.15 $ 0.14 $ 0.30 $ 0.28
Weighted average number of common and common equivalent shares outstanding:        
Basic, shares 79.3 79.5 79.4 79.5
Diluted, shares 80.2 80.1 80.3 80.1