XML 70 R25.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Net Income Per Common Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
Net Income Per Common Share | NET INCOME PER COMMON SHARE Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted net income per common share assumes the exercise of outstanding stock-settled stock appreciation rights and the vesting of performance share awards and restricted stock units using the treasury stock method when there is no other circumstance other than the passage of time under which they would not be issued, and the effects of such assumptions are dilutive. A reconciliation of net income attributable to AGCO Corporation and subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the years ended December 31, 2023, 2022 and 2021 is as follows (in millions, except per share data):
| 2023 |  | 2022 |  | 2021
Basic net income per share: |  |  |  |  |
Net income attributable to AGCO Corporation and subsidiaries | $ | 1,171.4 |  |  | $ | 889.6 |  |  | $ | 897.0 |
Weighted average number of common shares outstanding | 74.8 |  |  | 74.6 |  |  | 75.2 |
Basic net income per share attributable to AGCO Corporation and subsidiaries | $ | 15.66 |  |  | $ | 11.92 |  |  | $ | 11.93 |
Diluted net income per share: |  |  |  |  |
Net income attributable to AGCO Corporation and subsidiaries | $ | 1,171.4 |  |  | $ | 889.6 |  |  | $ | 897.0 |
Weighted average number of common shares outstanding | 74.8 |  |  | 74.6 |  |  | 75.2 |
Dilutive SSARs, performance share awards and RSUs | 0.1 |  |  | 0.3 |  |  | 0.5 |
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share | 74.9 |  |  | 74.9 |  |  | 75.7 |
Diluted net income per share attributable to AGCO Corporation and subsidiaries | $ | 15.63 |  |  | $ | 11.87 |  |  | $ | 11.85 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration