Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 562.6	$ 612.7
Accounts and notes receivable, net	1,235.3	1,267.4
Inventories, net	2,958.0	2,731.3
Other current assets	533.3	526.6
Total current assets	5,289.2	5,138.0
Property, plant and equipment, net	1,868.7	1,818.6
Right-of-use lease assets	178.7	168.9
Investments in affiliates	550.5	519.6
Deferred tax assets	582.6	561.0
Other assets	449.4	435.2
Intangible assets, net	718.4	728.9
Goodwill	1,843.3	1,820.4
Total assets	11,480.8	11,190.6
Current Liabilities:
Borrowings due within one year	182.1	415.2
Accounts payable	1,008.7	813.0
Accrued expenses	2,147.8	2,469.6
Other current liabilities	122.3	128.2
Total current liabilities	3,460.9	3,826.0
Long-term debt, less current portion and debt issuance costs	2,757.5	2,233.3
Operating lease liabilities	134.1	127.5
Pension and postretirement health care benefits	157.9	155.6
Deferred tax liabilities	130.9	125.0
Other noncurrent liabilities	730.3	680.3
Total liabilities	7,371.6	7,147.7
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests	299.8	300.1
Stockholders’ Equity:
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2025 and 2024	0.0	0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,581,953 and 74,420,952 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	0.7	0.7
Additional paid-in capital	0.7	0.0
Retained earnings	5,629.6	5,645.0
Accumulated other comprehensive loss	(1,821.6)	(1,902.9)
Total AGCO Corporation stockholders’ equity	3,809.4	3,742.8
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$ 11,480.8	$ 11,190.6