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Segment Reporting
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Reporting
SEGMENT REPORTING

The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. 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 three months ended March 31, 2018 and 2017 and assets as of March 31, 2018 and December 31, 2017 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended March 31,
 
North
America
 
South
America
 
Europe/
Middle East
 
Asia/
Pacific/Africa
 
Consolidated
2018
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
502.9

 
$
182.1

 
$
1,163.7

 
$
158.8

 
$
2,007.5

Income (loss) from operations
 
26.8

 
(16.6
)
 
99.0

 
4.7

 
113.9

Depreciation
 
17.2

 
8.0

 
30.0

 
4.0

 
59.2

Capital expenditures
 
12.1

 
6.9

 
25.1

 
2.0

 
46.1

2017
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
382.6

 
$
222.2

 
$
892.5

 
$
130.3

 
$
1,627.6

Income from operations
 
3.0

 
2.4

 
63.5

 
2.1

 
71.0

Depreciation
 
14.2

 
6.8

 
28.7

 
4.6

 
54.3

Capital expenditures
 
22.0

 
11.7

 
21.0

 
2.4

 
57.1

Assets
 
 
 
 
 
 
 
 
 
 
As of March 31, 2018
 
$
1,160.3

 
$
810.7

 
$
2,323.0

 
$
512.5

 
$
4,806.5

As of December 31, 2017
 
1,064.1

 
752.1

 
2,074.4

 
499.4

 
4,390.0

 
 
 
 
 
 
 
 
 
 
 

A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
 
Three Months Ended March 31,
 
2018
 
2017
Segment income from operations
$
113.9

 
$
71.0

Corporate expenses
(33.4
)
 
(25.4
)
Stock compensation expense
(8.4
)
 
(11.4
)
Restructuring expenses
(5.9
)
 
(5.1
)
Amortization of intangibles
(15.7
)
 
(13.4
)
Consolidated income from operations
$
50.5

 
$
15.7



 
March 31, 2018
 
December 31, 2017
Segment assets
$
4,806.5

 
$
4,390.0

Cash and cash equivalents
348.2

 
367.7

Investments in affiliates
422.0

 
409.0

Deferred tax assets, other current and noncurrent assets
668.5

 
614.6

Intangible assets, net
639.9

 
649.0

Goodwill
1,563.8

 
1,541.4

Consolidated total assets
$
8,448.9

 
$
7,971.7