XML 57 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Product Warranty | 6 Months Ended
--- | ---
Jun. 30, 2014
Product Warranty [Abstract] |
Product Warranty | PRODUCT WARRANTY The warranty reserve activity for the three and six months ended June 30, 2014 and 2013 consisted of the following (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Balance at beginning of period | $ | 305.0 |  |  | $ | 266.4 |  |  | $ | 294.9 |  |  | $ | 256.9 |
Accruals for warranties issued during the period | 43.3 |  |  | 66.2 |  |  | 98.9 |  |  | 109.5 |
Settlements made (in cash or in kind) during the period | (44.7 | ) |  | (38.6 | ) |  | (90.8 | ) |  | (67.1 | )
Foreign currency translation | 0.3 |  |  | (0.2 | ) |  | 0.9 |  |  | (5.5 | )
Balance at June 30 | $ | 303.9 |  |  | $ | 293.8 |  |  | $ | 303.9 |  |  | $ | 293.8 |
The Company’s agricultural equipment products are generally warranted against defects in material and workmanship for a period of one to four years. The Company accrues for future warranty costs at the time of sale based on historical warranty experience. Approximately $262.6 million and $255.9 million of warranty reserves are included in “Accrued expenses” in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2014 and December 31, 2013, respectively. Approximately $41.3 million and $39.0 million of warranty reserves are included in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2014 and December 31, 2013, respectively.

X
- Details
Name: | agco_ProductWarrantyAbstract
Namespace Prefix: | agco_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
Name: | us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration