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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash, cash equivalents and restricted cash $ 558.7 $ 789.5
Accounts and notes receivable, net 1,530.7 1,221.3
Inventories, net 3,642.8 3,189.7
Other current assets 596.6 538.8
Total current assets 6,328.8 5,739.3
Property, plant and equipment, net 1,668.7 1,591.2
Right-of-use lease assets 160.8 163.9
Investments in affiliates 456.5 436.9
Deferred tax assets 232.9 228.5
Other assets 287.4 268.7
Intangible assets, net 354.0 364.4
Goodwill 1,322.5 1,310.8
Total assets 10,811.6 10,103.7
Current Liabilities:    
Current portion of long-term debt 190.6 187.1
Short-term borrowings 4.9 8.9
Accounts payable 1,426.6 1,385.3
Accrued expenses 2,144.3 2,271.3
Other current liabilities 217.9 235.4
Total current liabilities 3,984.3 4,088.0
Long-term debt, less current portion and debt issuance costs 1,791.1 1,264.8
Operating lease liabilities 122.3 125.4
Pension and postretirement health care benefits 160.1 158.0
Deferred tax liabilities 115.3 112.0
Other noncurrent liabilities 505.6 472.9
Total liabilities 6,678.7 6,221.1
Commitments and contingencies (Note 19)
AGCO Corporation stockholders’ equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2023 and 2022 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,846,174 and 74,600,815 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 0.7 0.7
Additional paid-in capital 24.7 30.2
Retained earnings 5,863.7 5,654.6
Accumulated other comprehensive loss (1,756.4) (1,803.1)
Total AGCO Corporation stockholders’ equity 4,132.7 3,882.4
Noncontrolling interests 0.2 0.2
Total stockholders’ equity 4,132.9 3,882.6
Total liabilities and stockholders’ equity $ 10,811.6 $ 10,103.7