$AGCO
AGCO CORP /DE

2021 Q1 Form 10-Q Financial Statement

#000088026621000026 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $2.379B $1.928B
YoY Change 23.36% -3.38%
Cost Of Revenue $1.808B $1.478B
YoY Change 22.36% -3.98%
Gross Profit $570.5M $450.5M
YoY Change 26.64% -1.36%
Gross Profit Margin 23.98% 23.36%
Selling, General & Admin $260.6M $247.6M
YoY Change 5.25% -5.57%
% of Gross Profit 45.68% 54.96%
Research & Development $96.30M $84.90M
YoY Change 13.43% 0.47%
% of Gross Profit 16.88% 18.85%
Depreciation & Amortization $54.80M $51.60M
YoY Change 6.2% -2.64%
% of Gross Profit 9.61% 11.45%
Operating Expenses $356.9M $332.5M
YoY Change 7.34% -4.1%
Operating Profit $195.2M $100.4M
YoY Change 94.42% 8.66%
Interest Expense -$3.400M $28.70M
YoY Change -111.85% 441.51%
% of Operating Profit -1.74% 28.59%
Other Income/Expense, Net -$11.50M -$12.50M
YoY Change -8.0% -14.38%
Pretax Income $180.3M $84.50M
YoY Change 113.37% 13.73%
Income Tax $43.60M $29.40M
% Of Pretax Income 24.18% 34.79%
Net Earnings $150.8M $64.70M
YoY Change 133.08% -0.61%
Net Earnings / Revenue 6.34% 3.36%
Basic Earnings Per Share $2.00 $0.86
Diluted Earnings Per Share $1.99 $0.85
COMMON SHARES
Basic Shares Outstanding 75.30M shares 75.30M shares
Diluted Shares Outstanding 75.90M shares 75.90M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $454.0M $387.0M
YoY Change 17.31% 32.08%
Cash & Equivalents $453.7M $386.7M
Short-Term Investments
Other Short-Term Assets $436.1M $410.8M
YoY Change 6.16% -5.0%
Inventory $2.360B $2.188B
Prepaid Expenses
Receivables $1.048B $825.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.298B $3.810B
YoY Change 12.82% -3.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.448B $1.351B
YoY Change 7.24% -0.94%
Goodwill $1.277B $1.261B
YoY Change 1.26% -15.13%
Intangibles $431.5M $481.8M
YoY Change -10.44% -13.24%
Long-Term Investments $444.0M $373.0M
YoY Change 19.03% -5.09%
Other Assets $184.0M $184.4M
YoY Change -0.22% 39.59%
Total Long-Term Assets $4.014B $3.896B
YoY Change 3.04% -8.19%
TOTAL ASSETS
Total Short-Term Assets $4.298B $3.810B
Total Long-Term Assets $4.014B $3.896B
Total Assets $8.312B $7.706B
YoY Change 7.87% -6.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.098B $821.9M
YoY Change 33.53% -14.77%
Accrued Expenses $1.685B $1.395B
YoY Change 20.82% -3.21%
Deferred Revenue
YoY Change
Short-Term Debt $51.80M $166.2M
YoY Change -68.83% -8.43%
Long-Term Debt Due $311.9M $1.900M
YoY Change 16315.79% -97.22%
Total Short-Term Liabilities $3.415B $2.562B
YoY Change 33.27% -16.13%
LONG-TERM LIABILITIES
Long-Term Debt $936.6M $1.670B
YoY Change -43.9% 18.88%
Other Long-Term Liabilities $391.5M $314.0M
YoY Change 24.68% 24.65%
Total Long-Term Liabilities $1.328B $1.984B
YoY Change -33.04% 19.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.415B $2.562B
Total Long-Term Liabilities $1.328B $1.984B
Total Liabilities $5.188B $5.015B
YoY Change 3.44% -3.28%
SHAREHOLDERS EQUITY
Retained Earnings $4.898B $4.433B
YoY Change 10.49% -1.3%
Common Stock $6.500M $800.0K
YoY Change 712.5% -92.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.087B $2.642B
YoY Change
Total Liabilities & Shareholders Equity $8.312B $7.706B
YoY Change 7.87% -6.08%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $150.8M $64.70M
YoY Change 133.08% -0.61%
Depreciation, Depletion And Amortization $54.80M $51.60M
YoY Change 6.2% -2.64%
Cash From Operating Activities -$315.3M -$435.3M
YoY Change -27.57% 31.95%
INVESTING ACTIVITIES
Capital Expenditures $63.50M $60.60M
YoY Change 4.79% -0.49%
Acquisitions $800.0K $0.00
YoY Change
Other Investing Activities $2.500M $0.00
YoY Change
Cash From Investing Activities -$66.80M -$62.70M
YoY Change 6.54% 2.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $55.00M
YoY Change -100.0% 83.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$260.0M $476.7M
YoY Change -154.54% 32.9%
NET CHANGE
Cash From Operating Activities -$315.3M -$435.3M
Cash From Investing Activities -$66.80M -$62.70M
Cash From Financing Activities -$260.0M $476.7M
Net Change In Cash -$665.4M -$46.10M
YoY Change 1343.38% 38.44%
FREE CASH FLOW
Cash From Operating Activities -$315.3M -$435.3M
Capital Expenditures $63.50M $60.60M
Free Cash Flow -$378.8M -$495.9M
YoY Change -23.61% 26.89%

Facts In Submission

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51600000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17500000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000.0 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6800000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2600000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
14700000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
11200000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4100000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3800000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1900000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4100000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
232300000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
109600000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
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466100000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
252100000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
45800000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
65400000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
296700000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-32700000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-175700000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-206700000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
86100000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
99000000.0 USD
CY2021Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-466700000 USD
CY2020Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-501600000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-315300000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-435300000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
63500000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60600000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
100000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
400000 USD
CY2021Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
100000 USD
CY2020Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2500000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
800000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2500000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66800000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62700000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
195300000 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
710100000 USD
CY2021Q1 us-gaap Repayments Of Debt
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416800000 USD
CY2020Q1 us-gaap Repayments Of Debt
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150300000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
55000000.0 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
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12000000.0 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12100000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
26500000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16000000.0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-260000000.0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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476700000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-23300000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-24800000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-665400000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1119100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
432800000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
453700000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
386700000 USD
CY2020Q4 us-gaap Restructuring Reserve
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16800000 USD
CY2021Q1 agco Restructuring Charges Excluding Reversal
RestructuringChargesExcludingReversal
1300000 USD
CY2021Q1 us-gaap Payments For Restructuring
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6200000 USD
CY2021Q1 us-gaap Restructuring Reserve Translation Adjustment
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300000 USD
CY2021Q1 us-gaap Restructuring Reserve
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11600000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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6800000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000 USD
CY2020Q4 us-gaap Goodwill
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1306500000 USD
CY2021Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-29700000 USD
CY2021Q1 us-gaap Goodwill
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1276800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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958500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
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-14800000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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943700000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
592300000 USD
CY2021Q1 agco Amortizationand Impairmentof Intangible Assets Finite Lived
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17500000 USD
CY2021Q1 agco Finite Lived Intangible Assets Accumulated Amortization Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedAmortizationForeignCurrencyTranslationGainLoss
9800000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
600000000.0 USD
CY2021Q1 us-gaap Other Long Term Debt
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10000000.0 USD
CY2020Q4 us-gaap Other Long Term Debt
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10500000 USD
CY2021Q1 us-gaap Deferred Finance Costs Noncurrent Net
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2100000 USD
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
2500000 USD
CY2021Q1 us-gaap Long Term Debt
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1248500000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1582600000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
936600000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1256700000 USD
CY2016Q4 agco Number Of Loan Agreements Entered
NumberOfLoanAgreementsEntered
7 loan_agreement
CY2018Q3 agco Number Of Loan Agreements Entered
NumberOfLoanAgreementsEntered
7 loan_agreement
CY2019Q4 agco Number Of Loan Agreements Entered
NumberOfLoanAgreementsEntered
2 loan_agreement
CY2021Q1 us-gaap Short Term Borrowings
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51800000 USD
CY2020Q4 us-gaap Short Term Borrowings
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33800000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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14600000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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14400000 USD
CY2021Q1 agco Value Added Tax Credits
ValueAddedTaxCredits
88100000 USD
CY2020Q4 agco Value Added Tax Credits
ValueAddedTaxCredits
91200000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
768900000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
641300000 USD
CY2021Q1 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
684800000 USD
CY2020Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
652300000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
317000000.0 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
175100000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
589600000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
505700000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
2360300000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1974400000 USD
CY2020Q4 us-gaap Product Warranty Accrual
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521800000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
392800000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
93300000 USD
CY2020Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
56300000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
55300000 USD
CY2020Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
49400000 USD
CY2021Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
17800000 USD
CY2020Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
15100000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
542000000.0 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
384600000 USD
CY2021Q1 agco Product Warranty Period Maximum
ProductWarrantyPeriodMaximum
P4Y
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
450000000.0 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
431600000 USD
CY2021Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
92000000.0 USD
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
90200000 USD
CY2021Q1 us-gaap Net Income Loss
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150800000 USD
CY2020Q1 us-gaap Net Income Loss
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64700000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75300000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75300000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2021Q1 us-gaap Net Income Loss
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150800000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
64700000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75300000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75300000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75900000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75900000 shares
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
237400000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
227900000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
68500000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
64100000 USD
CY2021Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
55200000 USD
CY2020Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
57100000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
39600000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
39400000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
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1808200000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1808200000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1477800000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
32700000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
16200000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3018000000.0 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6800000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-29500000 USD
CY2021Q1 agco Adjustmentsto Additional Paidin Capital Sharebased Compensation Exerciseof Ssa Rs
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2500000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
151400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-47300000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-35100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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4700000 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
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12000000.0 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3124700000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2907000000.0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2600000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-15600000 USD
CY2020Q1 agco Adjustmentsto Additional Paidin Capital Sharebased Compensation Exerciseof Ssa Rs
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100000 USD
CY2020Q1 us-gaap Profit Loss
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66300000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-214800000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3500000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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9400000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
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12100000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
55000000.0 USD
CY2020Q1 agco Noncontrolling Interest Increase From Investment
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600000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2690600000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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600000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1600000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-400000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-5700000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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200000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-4100000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-7600000 USD
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-3400000 USD
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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245000000.0 USD
CY2021Q1 us-gaap Proceeds From Sale And Collection Of Receivables
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1300000000 USD
CY2020Q4 us-gaap Proceeds From Sale And Collection Of Receivables
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1500000000 USD
CY2021Q1 agco Outstanding Accounts Receivables Of Receivables Sold To Retail Finance Joint Ventures Who Provide Financing To Company Dealers
OutstandingAccountsReceivablesOfReceivablesSoldToRetailFinanceJointVenturesWhoProvideFinancingToCompanyDealers
80700000 USD
CY2020Q4 agco Outstanding Accounts Receivables Of Receivables Sold To Retail Finance Joint Ventures Who Provide Financing To Company Dealers
OutstandingAccountsReceivablesOfReceivablesSoldToRetailFinanceJointVenturesWhoProvideFinancingToCompanyDealers
85200000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
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32700000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
16200000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
15300000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
26700000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
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4 reportable_segment
CY2021Q1 us-gaap Operating Income Loss
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195200000 USD
CY2020Q1 us-gaap Operating Income Loss
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100400000 USD
CY2021Q1 us-gaap Assets
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8312300000 USD
CY2020Q4 us-gaap Assets
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8504200000 USD
CY2021Q1 us-gaap Guarantee Obligations Current Carrying Value
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18800000 USD
CY2021Q1 us-gaap Guarantee Obligations Maximum Exposure
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104200000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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36100000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2300000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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47600000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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3300000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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39200000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1400000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
37700000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1400000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
30300000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28600000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1100000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20000000.0 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
800000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18900000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
800000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
14200000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13600000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
600000 USD
CY2021Q1 agco Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
42500000 USD
CY2021Q1 agco Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
8700000 USD
CY2020Q4 agco Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
44500000 USD
CY2020Q4 agco Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
9100000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
182300000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
14900000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
190900000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
16300000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19600000 USD
CY2021Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3200000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21500000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3500000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
162700000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
11700000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
169400000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
12800000 USD
CY2021Q1 agco Tax Disallowance Not Including Interest And Penalties
TaxDisallowanceNotIncludingInterestAndPenalties
131500000 BRL
CY2021Q1 agco Tax Disallowance Not Including Interest And Penalties
TaxDisallowanceNotIncludingInterestAndPenalties
22900000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
172000000.0 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
104000000.0 USD
CY2021Q1 agco Contractwith Customer Liability Increase From Advance Consideration Received
ContractwithCustomerLiabilityIncreaseFromAdvanceConsiderationReceived
57100000 USD
CY2020Q1 agco Contractwith Customer Liability Increase From Advance Consideration Received
ContractwithCustomerLiabilityIncreaseFromAdvanceConsiderationReceived
33900000 USD
CY2021Q1 agco Contract With Customer Liability Foreign Currency Translation Gain Loss
ContractWithCustomerLiabilityForeignCurrencyTranslationGainLoss
2600000 USD
CY2020Q1 agco Contract With Customer Liability Foreign Currency Translation Gain Loss
ContractWithCustomerLiabilityForeignCurrencyTranslationGainLoss
4400000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
186300000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
111600000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43300000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14900000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
51100000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
33000000.0 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7900000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2378700000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2378700000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1928300000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1928300000 USD

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