XML 17 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 12,651.4 $ 11,138.3 $ 9,149.7
Cost of goods sold 9,650.1 8,566.0 7,092.2
Gross profit 3,001.3 2,572.3 2,057.5
Operating expenses:      
Selling, general and administrative expenses 1,186.2 1,088.2 1,001.5
Engineering expenses 444.2 405.8 342.6
Amortization of intangibles 60.1 61.1 59.5
Impairment charges 36.0 0.0 20.0
Restructuring expenses 6.1 15.3 19.7
Bad debt expense 3.3 0.5 14.5
Income from operations 1,265.4 1,001.4 599.7
Interest expense, net 13.0 6.7 15.0
Other expense, net 145.2 50.4 22.7
Income before income taxes and equity in net earnings of affiliates 1,107.2 944.3 562.0
Income tax provision 296.6 108.4 187.7
Income before equity in net earnings of affiliates 810.6 835.9 374.3
Equity in net earnings of affiliates 64.1 65.6 45.5
Net income 874.7 901.5 419.8
Net loss (income) attributable to noncontrolling interests 14.9 (4.5) 7.3
Net income attributable to AGCO Corporation and subsidiaries $ 889.6 $ 897.0 $ 427.1
Net income per common share attributable to AGCO Corporation and subsidiaries:      
Basic (in dollars per share) $ 11.92 $ 11.93 $ 5.69
Diluted (in dollars per share) 11.87 11.85 5.65
Cash dividends declared and paid per common share (in dollars per share) $ 5.40 $ 4.74 $ 0.63
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 74.6 75.2 75.0
Diluted (in shares) 74.9 75.7 75.6