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):
202320222021
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 outstanding74.8 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 outstanding74.8 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