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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
    The Company has four operating segments which are also its reportable segments which consist of the North America, South America, Europe/Middle East and Asia/Pacific/Africa regions. The Company’s reportable segments are geography based and distribute a full range of agricultural machinery and precision agriculture technology. The Company’s Chief Operating Decision Maker (“CODM”), Eric P. Hansotia, Chairman of the Board, President and Chief Executive Officer, evaluates segment performance primarily based on income from operations. The CODM utilizes income from operations to evaluate each segment’s performance including the allocation of resources. 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 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 years ended December 31, 2024, 2023 and 2022 based on the Company’s reportable segments are as follows (in millions):

Years Ended December 31,North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/Africa
Total Segments
2024
Net sales$2,850.3 $1,315.9 $6,812.9 $682.8 $11,661.9 
Cost of goods sold2,150.3 1,052.6 5,021.7 538.2 8,762.8 
Selling, general and administrative expenses378.7 111.5 578.4 98.9 1,167.5 
Engineering expenses145.5 47.4 287.1 13.0 493.0 
Income from operations$175.8 $104.4 $925.7 $32.7 $1,238.6 
Depreciation$63.1 $35.1 $137.9 $15.1 $251.2 
Assets1,527.9 946.9 2,841.4 697.7 6,013.9 
Capital expenditures66.2 44.7 278.8 3.6 393.3 
2023
Net sales$3,752.7 $2,234.2 $7,540.5 $885.0 $14,412.4 
Cost of goods sold2,788.6 1,629.9 5,514.0 702.5 10,635.0 
Selling, general and administrative expenses353.5 162.6 598.0 90.9 1,205.0 
Engineering expenses151.3 55.3 327.9 14.3 548.8 
Income from operations$459.3 $386.4 $1,100.6 $77.3 $2,023.6 
Depreciation$62.3 $35.5 $115.6 $17.0 $230.4 
Assets1,883.2 1,394.9 3,017.4 875.2 7,170.7 
Capital expenditures122.6 75.8 315.4 4.3 518.1 
2022
Net sales$3,175.1 $2,121.6 $6,447.3 $907.4 $12,651.4 
Cost of goods sold2,462.8 1,590.1 4,904.8 692.4 9,650.1 
Selling, general and administrative expenses305.3 121.9 492.4 83.8 1,003.4 
Engineering expenses128.2 35.7 266.0 14.3 444.2 
Income from operations$278.8 $373.9 $784.1 $116.9 $1,553.7 
Depreciation$60.5 $29.4 $104.7 $14.9 $209.5 
Assets1,790.3 1,259.8 2,475.6 650.5 6,176.2 
Capital expenditures119.6 54.4 207.4 6.9 388.3 
    A reconciliation from the segment information to the consolidated balances for income (loss) from operations and total assets is set forth below (in millions):

202420232022
Segment income from operations$1,238.6 $2,023.6 $1,553.7 
Corporate expenses(212.3)(204.9)(153.4)
Amortization of intangibles(81.0)(57.7)(60.1)
Stock compensation expense(17.9)(44.6)(32.7)
Impairment charges(369.5)(4.1)(36.0)
Restructuring and business optimization expenses
(172.7)(11.9)(6.1)
Loss on sale of business
(507.3)— — 
Consolidated income (loss) from operations
$(122.1)$1,700.4 $1,265.4 
Segment assets$6,013.9 $7,170.7 $6,176.2 
Cash and cash equivalents612.7 595.5 789.5 
Investments in affiliates519.6 512.7 436.9 
Deferred tax assets, other current and noncurrent assets1,495.1 1,500.1 1,025.9 
Intangible assets, net728.9 308.8 364.4 
Goodwill1,820.4 1,333.4 1,310.8 
Consolidated total assets$11,190.6 $11,421.2 $10,103.7 

    Property, plant and equipment, right-of-use lease assets and amortizable intangible assets by country as of December 31, 2024 and 2023 was as follows (in millions):

20242023
United States$945.8 $587.3 
Germany658.4 587.7 
Brazil200.6 271.2 
Finland282.2 232.3 
France163.8 143.2 
Italy86.0 109.4 
China59.1 68.8 
Denmark5.2 66.2 
Other231.5 253.9 
$2,632.6 $2,320.0