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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 386.7 $ 432.8
Accounts and notes receivable, net 825.0 800.5
Inventories, net 2,187.5 2,078.7
Other current assets 410.8 417.1
Total current assets 3,810.0 3,729.1
Property, plant and equipment, net 1,350.5 1,416.3
Right-of-use lease assets 178.7 187.3
Investment in affiliates 372.9 380.2
Deferred tax assets 66.5 93.8
Other assets 184.4 153.0
Intangible assets, net 481.8 501.7
Goodwill 1,260.9 1,298.3
Total assets 7,705.7 7,759.7
Current Liabilities:    
Current portion of long-term debt 1.9 2.9
Short-term borrowings 166.2 150.5
Accounts payable 821.9 914.8
Accrued expenses 1,394.7 1,654.2
Other current liabilities 177.4 162.1
Total current liabilities 2,562.1 2,884.5
Long-term debt, less current portion and debt issuance costs 1,669.5 1,191.8
Operating lease liabilities 140.6 148.6
Pension and postretirement health care benefits 226.0 232.1
Deferred tax liabilities 102.9 107.0
Other noncurrent liabilities 314.0 288.7
Total liabilities 5,015.1 4,852.7
Commitments and contingencies (Note 17)
AGCO Corporation stockholders’ equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2020 and 2019 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,862,100 and 75,471,562 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0.8 0.8
Additional paid-in capital 0.0 4.7
Retained earnings 4,432.7 4,443.5
Accumulated other comprehensive loss (1,791.4) (1,595.2)
Total AGCO Corporation stockholders’ equity 2,642.1 2,853.8
Noncontrolling interests 48.5 53.2
Total stockholders’ equity 2,690.6 2,907.0
Total liabilities and stockholders’ equity $ 7,705.7 $ 7,759.7