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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 657.3 $ 595.5
Accounts and notes receivable, net 1,465.9 1,605.3
Inventories, net 3,499.4 3,440.7
Other current assets 583.1 699.3
Current assets held for sale 433.0 0.0
Total current assets 6,638.7 6,340.8
Property, plant and equipment, net 1,802.1 1,920.9
Right-of-use lease assets 168.4 176.2
Investments in affiliates 518.3 512.7
Deferred tax assets 499.0 481.6
Other assets 442.3 346.8
Noncurrent assets held for sale 448.3 0.0
Intangible assets, net 689.9 308.8
Goodwill 2,407.8 1,333.4
Total assets 13,614.8 11,421.2
Current Liabilities:    
Borrowings due within one year 320.2 15.0
Accounts payable 1,075.7 1,207.3
Accrued expenses 2,543.1 2,903.8
Other current liabilities 154.2 217.5
Current liabilities held for sale 270.3 0.0
Total current liabilities 4,363.5 4,343.6
Long-term debt, less current portion and debt issuance costs 3,595.2 1,377.2
Operating lease liabilities 127.4 134.4
Pension and postretirement health care benefits 164.7 170.5
Deferred tax liabilities 111.5 122.6
Other noncurrent liabilities 666.0 616.1
Noncurrent liabilities held for sale 27.9 0.0
Total liabilities 9,056.2 6,764.4
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests 504.7 0.0
AGCO Corporation stockholders’ equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2024 and 2023 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,634,538 and 74,517,973 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0.7 0.7
Additional paid-in capital 9.2 4.1
Retained earnings 5,930.6 6,360.0
Accumulated other comprehensive loss (1,886.7) (1,708.1)
Total AGCO Corporation stockholders’ equity 4,053.8 4,656.7
Noncontrolling interests 0.1 0.1
Total stockholders’ equity 4,053.9 4,656.8
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 13,614.8 $ 11,421.2