Net Income Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income Per Common Share

NET INCOME PER COMMON SHARE

    Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted net income per common share assumes the exercise of outstanding SSARs and the vesting of performance share awards and RSUs using the treasury stock method when there is no other circumstance other than the passage of time under which they would not be issued, and the effects of such assumptions are dilutive.

    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 six months ended June 30, 2022 and 2021 is as follows (in millions, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	177.7	$	282.8	$	329.5	$	433.6
Weighted average number of common shares outstanding	74.6		75.5		74.6		75.4
Basic net income per share attributable to AGCO Corporation and subsidiaries	$	2.38	$	3.74	$	4.41	$	5.75
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	177.7	$	282.8	$	329.5	$	433.6
Weighted average number of common shares outstanding	74.6		75.5		74.6		75.4
Dilutive SSARs, performance share awards and RSUs	0.3		0.4		0.3		0.5
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	74.9		75.9		74.9		75.9
Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	2.37	$	3.73	$	4.40	$	5.71

    There were no SSARs outstanding for the three and six months ended June 30, 2022 and 2021 that had an antidilutive impact.