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Revenue (Tables)

12 Months Ended

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

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(1)    Rounding may impact the summation of amounts.

X

- 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

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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

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- References

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