XML 67 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 612.7 $ 595.5
Accounts and notes receivable, net 1,267.4 1,605.3
Inventories, net 2,731.3 3,440.7
Other current assets 526.6 699.3
Total current assets 5,138.0 6,340.8
Property, plant and equipment, net 1,818.6 1,920.9
Right-of-use lease assets 168.9 176.2
Investments in affiliates 519.6 512.7
Deferred tax assets 561.0 481.6
Other assets 435.2 346.8
Intangible assets, net 728.9 308.8
Goodwill 1,820.4 1,333.4
Total assets 11,190.6 11,421.2
Current Liabilities:    
Borrowings due within one year 415.2 15.0
Accounts payable 813.0 1,207.3
Accrued expenses 2,469.6 2,903.8
Other current liabilities 128.2 217.5
Total current liabilities 3,826.0 4,343.6
Long-term debt, less current portion and debt issuance costs 2,233.3 1,377.2
Operating lease liabilities 127.5 134.4
Pension and postretirement health care benefits 155.6 170.5
Deferred tax liabilities 125.0 122.6
Other noncurrent liabilities 680.3 616.1
Total liabilities 7,147.7 6,764.4
Commitments and contingencies (Note 22)
Redeemable noncontrolling interests 300.1 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, 74,420,952 and 74,517,973 shares issued and outstanding at December 31, 2024 and 2023, respectively 0.7 0.7
Additional paid-in capital 0.0 4.1
Retained earnings 5,645.0 6,360.0
Accumulated other comprehensive loss (1,902.9) (1,708.1)
Total AGCO Corporation stockholders’ equity 3,742.8 4,656.7
Noncontrolling interests 0.0 0.1
Total stockholders’ equity 3,742.8 4,656.8
Total liabilities, noncontrolling redeemable interests and stockholders’ equity $ 11,190.6 $ 11,421.2