Segment Reporting [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Segment Reporting [Abstract] | |
Sales Information By Reportable Segments | Segment results for the years ended December 31, 2016, 2015 and 2014 based on the Company’s current reportable segments are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | North America | | South America | | Europe/Africa/ Middle East | | Asia/Pacific | | Consolidated | 2016 | | |
| | |
| | |
| | |
| | |
| Net sales | | $ | 1,807.7 |
| | $ | 917.5 |
| | $ | 4,206.0 |
| | $ | 479.3 |
| | $ | 7,410.5 |
| Income from operations | | 39.1 |
| | 19.9 |
| | 417.7 |
| | 11.4 |
| | 488.1 |
| Depreciation | | 62.5 |
| | 22.9 |
| | 121.0 |
| | 17.0 |
| | 223.4 |
| Assets | | 958.1 |
| | 735.0 |
| | 1,691.4 |
| | 340.5 |
| | 3,725.0 |
| Capital expenditures | | 45.3 |
| | 56.0 |
| | 91.5 |
| | 8.2 |
| | 201.0 |
| 2015 | | |
| | |
| | |
| | |
| | |
| Net sales | | $ | 1,965.0 |
| | $ | 949.0 |
| | $ | 4,151.3 |
| | $ | 402.0 |
| | $ | 7,467.3 |
| Income (loss) from operations | | 123.4 |
| | 34.4 |
| | 416.7 |
| | (27.6 | ) | | 546.9 |
| Depreciation | | 62.7 |
| | 20.9 |
| | 122.4 |
| | 11.4 |
| | 217.4 |
| Assets | | 943.7 |
| | 490.0 |
| | 1,757.2 |
| | 346.3 |
| | 3,537.2 |
| Capital expenditures | | 48.6 |
| | 28.6 |
| | 100.8 |
| | 33.4 |
| | 211.4 |
| 2014 | | | | | | | | | | | Net sales | | $ | 2,414.2 |
| | $ | 1,663.4 |
| | $ | 5,158.5 |
| | $ | 487.6 |
| | $ | 9,723.7 |
| Income (loss) from operations | | 219.2 |
| | 134.0 |
| | 500.2 |
| | (11.5 | ) | | 841.9 |
| Depreciation | | 60.1 |
| | 26.5 |
| | 138.7 |
| | 14.1 |
| | 239.4 |
| Assets | | 1,026.9 |
| | 719.8 |
| | 2,036.0 |
| | 353.8 |
| | 4,136.5 |
| Capital expenditures | | 70.9 |
| | 45.6 |
| | 136.3 |
| | 48.7 |
| | 301.5 |
|
|
Income From Operations And Total Assets | A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions): | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Segment income from operations | $ | 488.1 |
| | $ | 546.9 |
| | $ | 841.9 |
| Corporate expenses | (119.7 | ) | | (109.2 | ) | | (117.7 | ) | Stock compensation (expense) credit | (16.9 | ) | | (11.6 | ) | | 9.7 |
| Restructuring expenses | (11.9 | ) | | (22.3 | ) | | (46.4 | ) | Amortization of intangibles | (51.2 | ) | | (42.7 | ) | | (41.0 | ) | Consolidated income from operations | $ | 288.4 |
| | $ | 361.1 |
| | $ | 646.5 |
| | | | | | | Segment assets | $ | 3,725.0 |
| | $ | 3,537.2 |
| | $ | 4,136.5 |
| Cash and cash equivalents | 429.7 |
| | 426.7 |
| | 363.7 |
| Receivables from affiliates | 54.4 |
| | 70.1 |
| | 108.4 |
| Investments in affiliates | 414.9 |
| | 392.9 |
| | 424.1 |
| Deferred tax assets, other current and noncurrent assets | 560.7 |
| | 448.6 |
| | 585.3 |
| Intangible assets, net | 607.3 |
| | 507.7 |
| | 553.8 |
| Goodwill | 1,376.4 |
| | 1,114.5 |
| | 1,192.8 |
| Consolidated total assets | $ | 7,168.4 |
| | $ | 6,497.7 |
| | $ | 7,364.6 |
|
|
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area | Net sales by customer location for the years ended December 31, 2016, 2015 and 2014 were as follows (in millions): | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Net sales: | |
| | |
| | |
| United States | $ | 1,404.6 |
| | $ | 1,624.0 |
| | $ | 1,985.4 |
| Canada | 286.7 |
| | 233.6 |
| | 333.9 |
| Germany | 891.2 |
| | 913.2 |
| | 1,240.0 |
| France | 746.9 |
| | 762.6 |
| | 828.4 |
| United Kingdom and Ireland | 440.7 |
| | 414.5 |
| | 490.8 |
| Finland and Scandinavia | 677.7 |
| | 637.0 |
| | 808.4 |
| Other Europe | 1,127.9 |
| | 1,077.7 |
| | 1,376.0 |
| South America | 898.2 |
| | 932.3 |
| | 1,646.2 |
| Middle East and Africa | 321.6 |
| | 346.4 |
| | 414.9 |
| Asia | 266.8 |
| | 201.0 |
| | 253.6 |
| Australia and New Zealand | 212.6 |
| | 201.1 |
| | 234.1 |
| Mexico, Central America and Caribbean | 135.6 |
| | 123.9 |
| | 112.0 |
| | $ | 7,410.5 |
| | $ | 7,467.3 |
| | $ | 9,723.7 |
|
|
Revenue from External Customers by Products and Services | Net sales by product for the years ended December 31, 2016, 2015 and 2014 were as follows (in millions): | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Net sales: | |
| | |
| | |
| Tractors | $ | 4,225.1 |
| | $ | 4,244.1 |
| | $ | 5,566.8 |
| Replacement parts | 1,211.3 |
| | 1,204.4 |
| | 1,390.1 |
| Grain storage and protein production systems | 892.5 |
| | 766.2 |
| | 851.0 |
| Other machinery | 521.6 |
| | 629.6 |
| | 875.3 |
| Combines | 302.8 |
| | 331.9 |
| | 581.0 |
| Application equipment | 257.2 |
| | 291.1 |
| | 459.5 |
| | $ | 7,410.5 |
| | $ | 7,467.3 |
| | $ | 9,723.7 |
|
|
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country | Property, plant and equipment and amortizable intangible assets by country as of December 31, 2016 and 2015 was as follows (in millions): | | | | | | | | | | 2016 | | 2015 | United States | $ | 594.6 |
| | $ | 619.0 |
| Germany | 344.8 |
| | 369.2 |
| Brazil | 210.4 |
| | 143.6 |
| Finland | 145.9 |
| | 165.2 |
| China | 130.0 |
| | 150.0 |
| Denmark | 119.6 |
| | — |
| Italy | 106.7 |
| | 88.3 |
| France | 59.9 |
| | 68.3 |
| Other | 172.3 |
| | 165.9 |
| | $ | 1,884.2 |
| | $ | 1,769.5 |
|
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