Component: (Network and Table) | |
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Network | 2406405 - Disclosure - Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) (http://www.agcocorp.com/role/IncomeTaxesScheduleOfEffectiveIncomeTaxRateReconciliationDetails) |
Table | (Implied) |
Reporting Entity [Axis] | 0000880266 (http://www.sec.gov/CIK) |
Income Tax Expense (Benefit) [Abstract] | Period [Axis] | ||
---|---|---|---|
2012-01-01 - 2012-12-31 | 2011-01-01 - 2011-12-31 | 2010-01-01 - 2010-12-31 | |
Income Tax Expense (Benefit) [Abstract] | |||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||
United States federal statutory rate | 0.35 | 0.35 | 0.35 |
Provision for income taxes at United States federal statutory rate of 35% | 210,300,000 | 196,300,000 | 96,200,000 |
State and local income taxes, net of federal income tax benefit | 3,900,000 | 1,400,000 | (900,000) |
Taxes on foreign income which differ from the United States statutory rate | (19,800,000) | (31,800,000) | (4,000,000) |
Tax effect of permanent differences | 11,500,000 | (5,800,000) | (5,200,000) |
Change in valuation allowance | (64,300,000) | (150,700,000) | 700,000 |
Change in tax contingency reserves | 20,800,000 | 23,100,000 | 21,700,000 |
Research and development credits | (26,300,000) | (7,700,000) | (5,000,000) |
Other | 1,800,000 | (200,000) | 900,000 |
Income tax provision | 137,900,000 | 24,600,000 | 104,400,000 |