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Segment Reporting
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING

The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are generally charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income from operations for one segment may not be comparable to another segment. Segment results for the three months ended March 31, 2020 and 2019 and assets as of March 31, 2020 and December 31, 2019 based on the Company’s reportable segments are as follows (in millions):
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31,
 
North America
 
South America
 
Europe/Middle East
 
Asia/Pacific/Africa
 
Consolidated
2020
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
551.9

 
$
153.9

 
$
1,113.3

 
$
109.2

 
$
1,928.3

Income (loss) from operations
 
60.9

 
(8.8
)
 
102.3

 
(1.3
)
 
153.1

Depreciation
 
15.6

 
7.4

 
26.0

 
2.6

 
51.6

Capital expenditures
 
10.1

 
7.1

 
41.7

 
1.7

 
60.6

2019
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
496.2

 
$
156.1

 
$
1,210.6

 
$
132.9

 
$
1,995.8

Income (loss) from operations
 
30.6

 
(8.5
)
 
127.7

 
3.4

 
153.2

Depreciation
 
15.6

 
8.5

 
26.0

 
2.9

 
53.0

Capital expenditures
 
18.3

 
12.1

 
29.5

 
1.0

 
60.9

Assets
 
 
 
 
 
 
 
 
 
 
As of March 31, 2020
 
$
1,241.5

 
$
659.4

 
$
2,228.1

 
$
426.8

 
$
4,555.8

As of December 31, 2019
 
1,125.6

 
758.0

 
2,187.7

 
430.2

 
4,501.5


    
A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
 
Three Months Ended March 31,
 
2020
 
2019
Segment income from operations
$
153.1

 
$
153.2

Corporate expenses
(34.4
)
 
(31.8
)
Amortization of intangibles
(15.0
)
 
(15.3
)
Stock compensation expense
(2.5
)
 
(12.0
)
Restructuring expenses
(0.8
)
 
(1.7
)
Consolidated income from operations
$
100.4

 
$
92.4


 
March 31, 2020
 
December 31, 2019
Segment assets
$
4,555.8

 
$
4,501.5

Cash and cash equivalents
386.7

 
432.8

Investments in affiliates
372.9

 
380.2

Deferred tax assets, other current and noncurrent assets
647.6

 
645.2

Intangible assets, net
481.8

 
501.7

Goodwill
1,260.9

 
1,298.3

Consolidated total assets
$
7,705.7

 
$
7,759.7