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Segment Reporting
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
    The Company has four operating segments that are also its reportable segments, which consist of the North America, South America, Europe/Middle East and Asia/Pacific/Africa regions. The Company’s reportable segments are geography based and distribute a full range of agricultural machinery and precision agriculture technology. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are generally charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income from operations for one segment may not be comparable to another segment. Segment results for the three and six months ended June 30, 2024 and 2023 and assets as of June 30, 2024 and December 31, 2023 based on the Company’s reportable segments are as follows (in millions):

Three Months Ended June 30,North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaTotal Segments
2024
Net sales$837.8 $348.9 $1,902.9 $157.0 $3,246.6 
Income from operations76.7 12.6 288.5 12.4 390.2 
Depreciation17.4 9.6 33.5 4.7 65.2 
Capital expenditures18.3 8.2 70.2 1.3 98.0 
2023
Net sales$996.8 $598.6 $1,990.8 $236.5 $3,822.7 
Income from operations136.9 121.4 295.2 20.9 574.4 
Depreciation15.2 8.9 27.7 4.7 56.5 
Capital expenditures34.4 13.5 62.8 1.0 111.7 

Six Months Ended June 30,North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaTotal Segments
2024
Net sales$1,567.4 $652.3 $3,631.9 $323.7 $6,175.3 
Income from operations119.1 28.8 571.4 20.4 739.7 
Depreciation34.6 19.0 66.1 8.8 128.5 
Capital expenditures35.9 23.5 131.6 2.0 193.0 
2023
Net sales$1,919.9 $1,102.4 $3,694.6 $439.3 $7,156.2 
Income from operations239.0 220.9 534.6 39.0 1,033.5 
Depreciation30.1 16.7 54.5 8.8 110.1 
Capital expenditures71.7 33.8 129.8 1.7 237.0 
Assets
As of June 30, 2024$1,973.2 $1,266.9 $3,314.5 $903.5 $7,458.1 
As of December 31, 20231,883.2 1,394.9 3,017.4 875.2 7,170.7 
    A reconciliation from the segment information to the consolidated balances for income (loss) from operations and total assets is set forth below (in millions):

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Segment income from operations$390.2 $574.4 $739.7 $1,033.5 
Impairment charges(5.1)— (5.1)— 
Loss on business held for sale
(494.6)— (494.6)— 
Corporate expenses(62.9)(45.0)(115.9)(87.1)
Amortization of intangibles(31.7)(14.1)(45.6)(28.9)
Stock compensation expense(7.4)(12.8)(15.4)(26.3)
Restructuring expenses(30.2)(6.1)(31.2)(7.5)
Consolidated income (loss) from operations
$(241.7)$496.4 $31.9 $883.7 

June 30, 2024December 31, 2023
Segment assets$7,458.1 $7,170.7 
Cash and cash equivalents
657.3 595.5 
Investments in affiliates518.3 512.7 
Deferred tax assets, other current and noncurrent assets1,506.9 1,500.1 
Assets held for sale(1)
376.5 — 
Intangible assets, net689.9 308.8 
Goodwill2,407.8 1,333.4 
Consolidated total assets$13,614.8 $11,421.2 
____________________________________
(1) Represents non-segment assets related to the Company's G&P business, which the Company has classified as held for sale as of June 30, 2024. Segment assets include the G&P assets held for sale. Refer to Note 3 for additional information.