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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash, cash equivalents and restricted cash $ 680.7 $ 789.5
Accounts and notes receivable, net 1,643.9 1,221.3
Inventories, net 3,726.0 3,189.7
Other current assets 624.5 538.8
Total current assets 6,675.1 5,739.3
Property, plant and equipment, net 1,750.4 1,591.2
Right-of-use lease assets 167.3 163.9
Investments in affiliates 512.2 436.9
Deferred tax assets 299.6 228.5
Other assets 315.2 268.7
Intangible assets, net 322.8 364.4
Goodwill 1,308.5 1,310.8
Total assets 11,351.1 10,103.7
Current Liabilities:    
Current portion of long-term debt 79.9 187.1
Short-term borrowings 25.9 8.9
Accounts payable 1,308.4 1,385.3
Accrued expenses 2,507.3 2,271.3
Other current liabilities 197.6 235.4
Total current liabilities 4,119.1 4,088.0
Long-term debt, less current portion and debt issuance costs 1,919.7 1,264.8
Operating lease liabilities 128.2 125.4
Pension and postretirement health care benefits 159.4 158.0
Deferred tax liabilities 112.5 112.0
Other noncurrent liabilities 556.6 472.9
Total liabilities 6,995.5 6,221.1
Commitments and contingencies (Note 19)
AGCO Corporation stockholders’ equity:    
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2023 and 2022 0.0 0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,879,816 and 74,600,815 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 0.7 0.7
Additional paid-in capital 46.0 30.2
Retained earnings 6,045.7 5,654.6
Accumulated other comprehensive loss (1,736.9) (1,803.1)
Total AGCO Corporation stockholders’ equity 4,355.5 3,882.4
Noncontrolling interests 0.1 0.2
Total stockholders’ equity 4,355.6 3,882.6
Total liabilities and stockholders’ equity $ 11,351.1 $ 10,103.7