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Segment Reporting
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
    The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are generally charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income from operations for one segment may not be comparable to another segment. Segment results for the three months ended March 31, 2021 and 2020 and assets as of March 31, 2021 and December 31, 2020 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended March 31,North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaConsolidated
2021
Net sales$611.1 $240.5 $1,327.2 $199.9 $2,378.7 
Income from operations74.9 16.2 144.3 21.0 256.4 
Depreciation15.6 6.6 28.4 4.2 54.8 
Capital expenditures12.3 6.6 43.5 1.1 63.5 
2020
Net sales$551.9 $153.9 $1,113.3 $109.2 $1,928.3 
Income (loss) from operations60.9 (8.8)102.3 (1.3)153.1 
Depreciation15.6 7.4 26.0 2.6 51.6 
Capital expenditures10.1 7.1 41.7 1.7 60.6 
Assets
As of March 31, 2021$1,281.3 $695.5 $2,513.5 $533.1 $5,023.4 
As of December 31, 20201,051.9 687.6 2,238.7 536.2 4,514.4 

    A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
Three Months Ended March 31,
20212020
Segment income from operations$256.4 $153.1 
Corporate expenses(35.9)(34.4)
Amortization of intangibles(17.5)(15.0)
Stock compensation expense(6.5)(2.5)
Restructuring expenses(1.3)(0.8)
Consolidated income from operations$195.2 $100.4 
March 31, 2021December 31, 2020
Segment assets$5,023.4 $4,514.4 
Cash and cash equivalents453.7 1,119.1 
Investments in affiliates444.1 442.7 
Deferred tax assets, other current and noncurrent assets682.8 665.9 
Intangible assets, net431.5 455.6 
Goodwill1,276.8 1,306.5 
Consolidated total assets$8,312.3 $8,504.2