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v3.25.0.1

Revenue (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Changes in Contract Liabilities | Significant changes in the balance of contract liabilities for the years ended December 31, 2024 and 2023 were as follows (in millions):
|  |  | Year Ended December 31, 2024 |  | Year Ended December 31, 2023
Balance at beginning of period |  |  | $ | 310.7 |  |  | $ | 239.0 |
Acquisitions |  |  | 21.0 |  |  | — |
Advance consideration received |  |  | 207.2 |  |  | 228.8 |
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services |  |  | (156.6) |  |  | (110.6) |
Revenue recognized during the period related to grain storage and protein production systems |  |  | (16.6) |  |  | (53.7) |
Divestiture |  |  | (10.9) |  |  | — |
Foreign currency translation |  |  | (13.3) |  |  | 7.2 |
Balance as of December 31 |  |  | $ | 341.5 |  |  | $ | 310.7 |
Disaggregation of Revenue | Net sales for the year ended December 31, 2024 disaggregated by primary geographical markets and major products consisted of the following (in millions):
|  | North America |  | South America |  | Europe/ Middle East |  | Asia/ Pacific/Africa |  | Consolidated
Primary geographical markets: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,228.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,228.9 |
Canada |  | 488.6 |  |  | — |  |  | — |  |  | — |  |  | 488.6 |
Germany |  | — |  |  | — |  |  | 1,733.3 |  |  | — |  |  | 1,733.3 |
France |  | — |  |  | — |  |  | 1,383.5 |  |  | — |  |  | 1,383.5 |
United Kingdom and Ireland |  | — |  |  | — |  |  | 540.4 |  |  | — |  |  | 540.4 |
Finland and Scandinavia |  | — |  |  | — |  |  | 778.8 |  |  | — |  |  | 778.8 |
Italy |  | — |  |  | — |  |  | 386.6 |  |  | — |  |  | 386.6 |
Other Europe |  | — |  |  | — |  |  | 1,557.1 |  |  | — |  |  | 1,557.1 |
Brazil |  | — |  |  | 963.7 |  |  | — |  |  | — |  |  | 963.7 |
Other South America |  | — |  |  | 338.6 |  |  | — |  |  | — |  |  | 338.6 |
Middle East and Algeria |  | — |  |  | — |  |  | 433.2 |  |  | — |  |  | 433.2 |
Africa |  | — |  |  | — |  |  | — |  |  | 108.6 |  |  | 108.6 |
Asia |  | — |  |  | — |  |  | — |  |  | 258.9 |  |  | 258.9 |
Australia and New Zealand |  | — |  |  | — |  |  | — |  |  | 315.3 |  |  | 315.3 |
Mexico, Central America and Caribbean |  | 132.8 |  |  | 13.6 |  |  | — |  |  | — |  |  | 146.4 |
|  | $ | 2,850.3 |  |  | $ | 1,315.9 |  |  | $ | 6,812.9 |  |  | $ | 682.8 |  |  | $ | 11,661.9 |
Major products: |  |  |  |  |  |  |  |  |  |
Tractors |  | $ | 922.6 |  |  | $ | 781.2 |  |  | $ | 4,965.3 |  |  | $ | 390.2 |  |  | $ | 7,059.3 |
Replacement parts |  | 409.5 |  |  | 159.4 |  |  | 1,156.5 |  |  | 102.4 |  |  | 1,827.8 |
Grain storage and protein production systems |  | 552.0 |  |  | 107.4 |  |  | 100.6 |  |  | 72.5 |  |  | 832.5 |
Combines, application equipment and other machinery |  | 966.2 |  |  | 267.9 |  |  | 590.5 |  |  | 117.7 |  |  | 1,942.3 |
|  | $ | 2,850.3 |  |  | $ | 1,315.9 |  |  | $ | 6,812.9 |  |  | $ | 682.8 |  |  | $ | 11,661.9 |
Net sales for the year ended December 31, 2023 disaggregated by primary geographical markets and major products consisted of the following (in millions):
|  | North America |  | South America |  | Europe/ Middle East |  | Asia/ Pacific/Africa |  | Consolidated
Primary geographical markets: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,961.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,961.5 |
Canada |  | 637.9 |  |  | — |  |  | — |  |  | — |  |  | 637.9 |
Germany |  | — |  |  | — |  |  | 1,749.5 |  |  | — |  |  | 1,749.5 |
France |  | — |  |  | — |  |  | 1,494.3 |  |  | — |  |  | 1,494.3 |
United Kingdom and Ireland |  | — |  |  | — |  |  | 703.1 |  |  | — |  |  | 703.1 |
Finland and Scandinavia |  | — |  |  | — |  |  | 837.3 |  |  | — |  |  | 837.3 |
Italy |  | — |  |  | — |  |  | 457.1 |  |  | — |  |  | 457.1 |
Other Europe |  | — |  |  | — |  |  | 1,871.5 |  |  | — |  |  | 1,871.5 |
Brazil |  | — |  |  | 1,860.3 |  |  | — |  |  | — |  |  | 1,860.3 |
Other South America |  | — |  |  | 358.1 |  |  | — |  |  | — |  |  | 358.1 |
Middle East and Algeria |  | — |  |  | — |  |  | 427.7 |  |  | — |  |  | 427.7 |
Africa |  | — |  |  | — |  |  | — |  |  | 144.3 |  |  | 144.3 |
Asia |  | — |  |  | — |  |  | — |  |  | 362.7 |  |  | 362.7 |
Australia and New Zealand |  | — |  |  | — |  |  | — |  |  | 378.0 |  |  | 378.0 |
Mexico, Central America and Caribbean |  | 153.3 |  |  | 15.8 |  |  | — |  |  | — |  |  | 169.1 |
|  | $ | 3,752.7 |  |  | $ | 2,234.2 |  |  | $ | 7,540.5 |  |  | $ | 885.0 |  |  | $ | 14,412.4 |
Major products: |  |  |  |  |  |  |  |  |  |
Tractors |  | $ | 1,402.3 |  |  | $ | 1,288.4 |  |  | $ | 5,532.9 |  |  | $ | 487.4 |  |  | $ | 8,711.0 |
Replacement parts |  | 421.0 |  |  | 167.5 |  |  | 1,124.7 |  |  | 102.8 |  |  | 1,816.0 |
Grain storage and protein production systems |  | 614.5 |  |  | 155.9 |  |  | 155.3 |  |  | 136.9 |  |  | 1,062.6 |
Combines, application equipment and other machinery |  | 1,314.9 |  |  | 622.4 |  |  | 727.6 |  |  | 157.9 |  |  | 2,822.8 |
|  | $ | 3,752.7 |  |  | $ | 2,234.2 |  |  | $ | 7,540.5 |  |  | $ | 885.0 |  |  | $ | 14,412.4 |
Net sales for the year ended December 31, 2022 disaggregated by primary geographical markets and major products consisted of the following (in millions):
|  | North America |  | South America(1) |  | Europe/ Middle East |  | Asia/ Pacific/Africa |  | Consolidated(1)
Primary geographical markets: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,546.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,546.9 |
Canada |  | 490.2 |  |  | — |  |  | — |  |  | — |  |  | 490.2 |
Germany |  | — |  |  | — |  |  | 1,394.9 |  |  | — |  |  | 1,394.9 |
France |  | — |  |  | — |  |  | 1,220.1 |  |  | — |  |  | 1,220.1 |
United Kingdom and Ireland |  | — |  |  | — |  |  | 664.1 |  |  | — |  |  | 664.1 |
Finland and Scandinavia |  | — |  |  | — |  |  | 838.8 |  |  | — |  |  | 838.8 |
Italy |  | — |  |  | — |  |  | 421.7 |  |  | — |  |  | 421.7 |
Other Europe |  | — |  |  | — |  |  | 1,691.5 |  |  | — |  |  | 1,691.5 |
Brazil |  | — |  |  | 1,748.8 |  |  | — |  |  | — |  |  | 1,748.8 |
Other South America |  | — |  |  | 358.0 |  |  | — |  |  | — |  |  | 358.0 |
Middle East and Algeria |  | — |  |  | — |  |  | 216.2 |  |  | — |  |  | 216.2 |
Africa |  | — |  |  | — |  |  | — |  |  | 157.0 |  |  | 157.0 |
Asia |  | — |  |  | — |  |  | — |  |  | 384.2 |  |  | 384.2 |
Australia and New Zealand |  | — |  |  | — |  |  | — |  |  | 366.2 |  |  | 366.2 |
Mexico, Central America and Caribbean |  | 138.0 |  |  | 14.9 |  |  | — |  |  | — |  |  | 152.9 |
|  | $ | 3,175.1 |  |  | $ | 2,121.6 |  |  | $ | 6,447.3 |  |  | $ | 907.4 |  |  | $ | 12,651.4 |
Major products: |  |  |  |  |  |  |  |  |  |
Tractors |  | $ | 1,191.1 |  |  | $ | 1,147.2 |  |  | $ | 4,607.2 |  |  | $ | 478.6 |  |  | $ | 7,424.1 |
Replacement parts |  | 405.6 |  |  | 154.5 |  |  | 1,021.5 |  |  | 105.6 |  |  | 1,687.2 |
Grain storage and protein production systems |  | 585.9 |  |  | 188.3 |  |  | 172.3 |  |  | 155.4 |  |  | 1,101.9 |
Combines, application equipment and other machinery |  | 992.5 |  |  | 631.7 |  |  | 646.3 |  |  | 167.8 |  |  | 2,438.3 |
|  | $ | 3,175.1 |  |  | $ | 2,121.6 |  |  | $ | 6,447.3 |  |  | $ | 907.4 |  |  | $ | 12,651.4 |
____________________________________ (1) Rounding may impact the summation of amounts.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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