XML 52 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 282.0 $ 326.1
Accounts and notes receivable, net 918.1 880.3
Inventories, net 2,311.3 1,908.7
Other current assets 445.2 422.3
Total current assets 3,956.6 3,537.4
Property, plant and equipment, net 1,349.8 1,373.1
Right-of-use lease assets 193.5 0.0
Investment in affiliates 399.2 400.0
Deferred tax assets 71.3 104.9
Other assets 134.1 142.4
Intangible assets, net 518.7 573.1
Goodwill 1,456.0 1,495.5
Total assets 8,079.2 7,626.4
Current Liabilities:    
Current portion of long-term debt 63.6 72.6
Short-term borrowings 229.7 138.0
Senior term loan 218.0 0.0
Accounts payable 817.3 865.9
Accrued expenses 1,530.8 1,522.4
Other current liabilities 168.3 167.8
Total current liabilities 3,027.7 2,766.7
Long-term debt, less current portion and debt issuance costs 1,269.2 1,275.3
Operating lease liabilities 154.8 0.0
Pension and postretirement health care benefits 202.9 223.2
Deferred tax liabilities 113.6 116.3
Other noncurrent liabilities 272.2 251.4
Total liabilities 5,040.4 4,632.9
Commitments and contingencies (Note 17)
AGCO Corporation stockholders’ equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2019 and 2018 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 75,915,726 and 76,536,755 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 0.8 0.8
Additional paid-in capital 3.9 10.2
Retained earnings 4,567.0 4,477.3
Accumulated other comprehensive loss (1,595.1) (1,555.4)
Total AGCO Corporation stockholders’ equity 2,976.6 2,932.9
Noncontrolling interests 62.2 60.6
Total stockholders’ equity 3,038.8 2,993.5
Total liabilities and stockholders’ equity $ 8,079.2 $ 7,626.4