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Revenue (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability Significant changes in the balance of contract liabilities for the three and six months ended June 30, 2023 and 2022 were as follows (in millions):
Three Months Ended June 30,
20232022
Balance at beginning of period$259.6 $232.4 
Advance consideration received58.0 31.5 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(26.8)(20.4)
Revenue recognized during the period related to grain storage and protein production systems(17.9)(13.9)
Foreign currency translation1.7 (11.9)
Balance at June 30$274.6 $217.7 
Six Months Ended June 30,
20232022
Balance at beginning of period$239.0 $226.2 
Advance consideration received116.5 74.5 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(51.7)(39.0)
Revenue recognized during the period related to grain storage and protein production systems(33.9)(28.5)
Foreign currency translation4.7 (15.5)
Balance at June 30$274.6 $217.7 
Disaggregation of Revenue Net sales for the three months ended June 30, 2023 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America
South America(1)
Europe/Middle EastAsia/Pacific/Africa
Consolidated(1)
Primary geographical markets:
United States$771.7 $— $— $— $771.7 
Canada184.7 — — — 184.7 
Brazil— 512.0 — — 512.0 
Other South America— 83.4 — — 83.4 
Germany— — 453.2 — 453.2 
France— — 373.7 — 373.7 
United Kingdom and Ireland— — 172.9 — 172.9 
Finland and Scandinavia— — 225.9 — 225.9 
Italy— — 141.6 — 141.6 
Other Europe— — 512.7 — 512.7 
Middle East and Algeria— — 110.8 — 110.8 
Africa— — — 35.1 35.1 
Asia— — — 102.1 102.1 
Australia and New Zealand— — — 99.3 99.3 
Mexico, Central America and Caribbean40.4 3.1 — — 43.5 
$996.8 $598.6 $1,990.8 $236.5 $3,822.7 
Major products:
Tractors$335.4 $371.7 $1,393.3 $131.9 $2,232.3 
Replacement parts130.2 38.9 299.1 23.5 491.7 
Grain storage and protein production systems189.2 38.9 49.7 35.2 313.0 
Combines, application equipment and other machinery342.0 149.1 248.7 45.9 785.7 
$996.8 $598.6 $1,990.8 $236.5 $3,822.7 
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(1) Rounding may impact the summation of amounts.
    Net sales for the three months ended June 30, 2022 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth America
Europe/Middle East(1)
Asia/Pacific/Africa
Consolidated(1)
Primary geographical markets:
United States$583.4 $— $— $— $583.4 
Canada125.8 — — — 125.8 
Brazil— 423.5 — — 423.5 
Other South America— 92.0 — — 92.0 
Germany— — 288.1 — 288.1 
France— — 257.6 — 257.6 
United Kingdom and Ireland— — 157.8 — 157.8 
Finland and Scandinavia— — 196.1 — 196.1 
Italy— — 103.7 — 103.7 
Other Europe— — 417.6 — 417.6 
Middle East and Algeria— — 46.6 — 46.6 
Africa— — — 34.5 34.5 
Asia— — — 97.3 97.3 
Australia and New Zealand— — — 86.7 86.7 
Mexico, Central America and Caribbean30.7 3.7 — — 34.4 
$739.9 $519.2 $1,467.6 $218.5 $2,945.2 
Major products:
Tractors$263.4 $291.3 $976.5 $112.4 $1,643.6 
Replacement parts119.5 36.6 270.8 23.1 450.0 
Grain storage and protein production systems155.5 41.6 45.7 43.6 286.4 
Combines, application equipment and other machinery201.5 149.7 174.5 39.4 565.1 
$739.9 $519.2 $1,467.6 $218.5 $2,945.2 
____________________________________
(1) Rounding may impact the summation of amounts.
    Net sales for the six months ended June 30, 2023 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaConsolidated
Primary geographical markets:
United States$1,531.8 $— $— $— $1,531.8 
Canada312.6 — — — 312.6 
Brazil— 937.5 — — 937.5 
Other South America— 157.1 — — 157.1 
Germany— — 848.6 — 848.6 
France— — 675.1 — 675.1 
United Kingdom and Ireland— — 347.8 — 347.8 
Finland and Scandinavia— — 405.9 — 405.9 
Italy— — 233.8 — 233.8 
Other Europe— — 957.0 — 957.0 
Middle East and Algeria— — 226.4 — 226.4 
Africa— — — 65.5 65.5 
Asia— — — 188.8 188.8 
Australia and New Zealand— — — 185.0 185.0 
Mexico, Central America and Caribbean75.5 7.8 — — 83.3 
$1,919.9 $1,102.4 $3,694.6 $439.3 $7,156.2 
Major products:
Tractors$647.5 $654.6 $2,599.0 $239.1 $4,140.2 
Replacement parts232.0 82.3 582.3 50.8 947.4 
Grain storage and protein production systems336.3 79.6 83.8 69.2 568.9 
Combines, application equipment and other machinery704.1 285.9 429.5 80.2 1,499.7 
$1,919.9 $1,102.4 $3,694.6 $439.3 $7,156.2 
    
    Net sales for the six months ended June 30, 2022 disaggregated by primary geographical markets and major products consisted of the following (in millions):
North America(1)
South America
Europe/Middle East(1)
Asia/Pacific/AfricaConsolidated
Primary geographical markets:
United States$1,153.7 $— $— $— $1,153.7 
Canada226.9 — — — 226.9 
Brazil— 697.1 — — 697.1 
Other South America— 171.3 — — 171.3 
Germany— — 605.3 — 605.3 
France— — 529.2 — 529.2 
United Kingdom and Ireland— — 303.2 — 303.2 
Finland and Scandinavia— — 393.1 — 393.1 
Italy— — 175.2 — 175.2 
Other Europe— — 784.7 — 784.7 
Middle East and Algeria— — 80.0 — 80.0 
Africa— — — 70.5 70.5 
Asia— — — 201.9 201.9 
Australia and New Zealand— — — 171.3 171.3 
Mexico, Central America and Caribbean60.3 7.2 — — 67.5 
$1,440.9 $875.6 $2,870.7 $443.7 $5,630.9 
Major products:
Tractors$515.3 $497.9 $1,891.6 $237.8 $3,142.6 
Replacement parts214.1 74.8 556.8 49.8 895.5 
Grain storage and protein production systems286.7 81.6 77.0 81.1 526.4 
Combines, application equipment and other machinery424.9 221.3 345.2 75.0 1,066.4 
$1,440.9 $875.6 $2,870.7 $443.7 $5,630.9 
____________________________________
(1) Rounding may impact the summation of amounts.