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Revenue (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in Contract Liabilities Significant changes in the balance of contract liabilities for the three months ended March 31, 2025 and 2024 were as follows (in millions):
Three Months Ended March 31,
20252024
Balance at beginning of period$341.5 $310.7 
Advance consideration received47.6 52.5 
Revenue recognized during the period for extended warranty contracts, maintenance services and technology services(37.7)(32.2)
Revenue recognized during the period related to grain storage and protein production systems(0.4)(4.7)
Foreign currency translation8.8 (4.8)
Balance at March 31$359.8 $321.5 
Schedule of Disaggregation of Revenue Net sales for the three months ended March 31, 2025 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$292.8 $— $— $— $292.8 
Canada76.7 — — — 76.7 
Brazil— 169.3 — — 169.3 
Other South America— 57.7 — — 57.7 
Germany— — 293.9 — 293.9 
France— — 270.7 — 270.7 
United Kingdom and Ireland— — 108.0 — 108.0 
Finland and Scandinavia— — 171.9 — 171.9 
Italy— — 65.9 — 65.9 
Other Europe— — 346.8 — 346.8 
Middle East and Algeria— — 73.3 — 73.3 
Africa— — — 15.3 15.3 
Asia— — — 33.1 33.1 
Australia and New Zealand— — — 46.1 46.1 
Mexico, Central America and Caribbean26.1 2.9 — — 29.0 
$395.6 $229.9 $1,330.5 $94.5 $2,050.5 
Major products:
Tractors$141.0 $148.8 $910.3 $54.0 $1,254.1 
Replacement parts88.4 37.2 284.3 22.7 432.6 
Grain storage and protein production systems— — — 0.9 0.9 
Combines, application equipment and other machinery166.2 43.9 135.9 16.9 362.9 
$395.6 $229.9 $1,330.5 $94.5 $2,050.5 
    Net sales for the three months ended March 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
Total Segments
Other(1)
Consolidated
Primary geographical markets:
United States$482.5 $— $— $— $482.5 $116.3 $598.8 
Canada91.2 — — — 91.2 8.7 99.9 
Brazil— 204.7 — — 204.7 24.9 229.6 
Other South America— 66.4 — — 66.4 4.8 71.2 
Germany— — 505.4 — 505.4 5.9 511.3 
France— — 323.9 — 323.9 1.0 324.9 
United Kingdom and Ireland— — 137.7 — 137.7 0.7 138.4 
Finland and Scandinavia— — 162.0 — 162.0 1.1 163.1 
Italy— — 64.6 — 64.6 4.7 69.3 
Other Europe— — 352.7 — 352.7 7.9 360.6 
Middle East and Algeria— — 160.6 — 160.6 0.8 161.4 
Africa— — — 18.8 18.8 4.6 23.4 
Asia— — — 60.4 60.4 14.2 74.6 
Australia and New Zealand— — — 68.4 68.4 0.3 68.7 
Mexico, Central America and Caribbean27.4 1.9 — — 29.3 4.2 33.5 
$601.1 $273.0 $1,706.9 $147.6 $2,728.6 $200.1 $2,928.7 
Major products:
Tractors$252.7 $172.9 $1,260.7 $90.9 $1,777.2 $— $1,777.2 
Replacement parts94.0 39.1 277.7 22.9 433.7 — 433.7 
Grain storage and protein production systems— — — 5.1 5.1 200.1 205.2 
Combines, application equipment and other machinery254.4 61.0 168.5 28.7 512.6 — 512.6 
$601.1 $273.0 $1,706.9 $147.6 $2,728.6 $200.1 $2,928.7 
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(1)    “Other” represents the results for the three months ended March 31, 2024 for the majority of the Company’s Grain & Protein business which was divested on November 1, 2024. The results of the G&P business through the date of the divestiture were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments.