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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 404.4 $ 432.8
Accounts and notes receivable, net 903.3 800.5
Inventories, net 2,169.0 2,078.7
Other current assets 394.2 417.1
Total current assets 3,870.9 3,729.1
Property, plant and equipment, net 1,363.6 1,416.3
Right-of-use lease assets 178.0 187.3
Investment in affiliates 387.6 380.2
Deferred tax assets 68.5 93.8
Other assets 192.8 153.0
Intangible assets, net 470.0 501.7
Goodwill 1,246.6 1,298.3
Total assets 7,778.0 7,759.7
Current Liabilities:    
Current portion of long-term debt 1.9 2.9
Short-term borrowings 102.6 150.5
Accounts payable 792.1 914.8
Accrued expenses 1,552.4 1,654.2
Other current liabilities 158.7 162.1
Total current liabilities 2,607.7 2,884.5
Long-term debt, less current portion and debt issuance costs 1,652.1 1,191.8
Operating lease liabilities 138.2 148.6
Pension and postretirement health care benefits 224.7 232.1
Deferred tax liabilities 103.5 107.0
Other noncurrent liabilities 334.3 288.7
Total liabilities 5,060.5 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, 74,895,942 and 75,471,562 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 0.8 0.8
Additional paid-in capital 10.1 4.7
Retained earnings 4,490.4 4,443.5
Accumulated other comprehensive loss (1,825.2) (1,595.2)
Total AGCO Corporation stockholders’ equity 2,676.1 2,853.8
Noncontrolling interests 41.4 53.2
Total stockholders’ equity 2,717.5 2,907.0
Total liabilities and stockholders’ equity $ 7,778.0 $ 7,759.7