Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

A reconciliation of net income attributable to AGCO Corporation and subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the three and nine months ended September 30, 2020 and 2019 is as follows (in millions, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	157.3	$	7.6	$	291.7	$	213.5
Weighted average number of common shares outstanding	74.9		76.1		75.0		76.4
Basic net income per share attributable to AGCO Corporation and subsidiaries	$	2.10	$	0.10	$	3.89	$	2.79
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	157.3	$	7.6	$	291.7	$	213.5
Weighted average number of common shares outstanding	74.9		76.1		75.0		76.4
Dilutive SSARs, performance share awards and RSUs	0.5		0.6		0.5		0.7
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	75.4		76.7		75.5		77.1
Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	2.09	$	0.10	$	3.86	$	2.77