XML 36 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Changes in Stockholders' Equity and Temporary Equity (Tables)
 9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule Of Stockholders Equity
The following table sets forth changes in stockholders’ equity and temporary equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the nine months ended September 30, 2014 (in millions):
 
Common
Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Noncontrolling
Interests
 
Total Stockholders’
Equity
 
Temporary Equity
Balance, December 31, 2013
$
1.0

 
$
1,117.9

 
$
3,402.0

 
$
(510.7
)
 
$
34.6

 
$
4,044.8

 
$
—

Stock compensation
—

 
(11.0
)
 
—

 
—

 
—

 
(11.0
)
 
—

Issuance of performance award stock
—

 
(11.8
)
 
—

 
—

 
—

 
(11.8
)
 
—

SSARs exercised
—

 
(0.1
)
 
—

 
—

 
—

 
(0.1
)
 
—

Distribution to noncontrolling interest
—

 
—

 
—

 
—

 
(2.4
)
 
(2.4
)
 
—

Comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
—

 
—

 
332.8

 
—

 
1.2

 
334.0

 
(6.3
)
Other comprehensive loss, net of reclassification adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
—

 
—

 
—

 
(181.2
)
 
—

 
(181.2
)
 
(0.3
)
Defined benefit pension plans, net of tax
—

 
—

 
—

 
5.6

 
—

 
5.6

 
—

Unrealized loss on derivatives, net of tax
—

 
—

 
—

 
(1.1
)
 
—

 
(1.1
)
 
—

Payment of dividends to stockholders
—

 
—

 
(30.9
)
 
—

 
—

 
(30.9
)
 
—

Purchases and retirement of common stock
(0.1
)
 
(340.8
)
 
—

 
—

 
—

 
(340.9
)
 
—

Changes in noncontrolling interest
—

 
(11.7
)
 
—

 
—

 
—

 
(11.7
)
 
6.6

Balance, September 30, 2014
$
0.9

 
$
742.5

 
$
3,703.9

 
$
(687.4
)
 
$
33.4

 
$
3,793.3

 
$
—
Schedule of Comprehensive Income (Loss)
Total comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest for the three and nine months ended September 30, 2014 and 2013 was as follows (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Net loss
$
(2.5
)
 
$
(1.0
)
 
$
(5.1
)
 
$
(2.5
)
Other comprehensive loss:
 
 
 
 
 
 
 
Foreign currency translation adjustments
—

 
(0.1
)
 
(0.3
)
 
(0.3
)
Total comprehensive loss
$
(2.5
)
 
$
(1.1
)
 
$
(5.4
)
 
$
(2.8
)
Summary of Accumulated Other Comprehensive (Loss) Income
The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the nine months ended September 30, 2014 (in millions):
 
Defined Benefit Pension Plans
 
Deferred Net (Losses) Gains on Derivatives
 
Cumulative Translation Adjustment
 
Total
Accumulated other comprehensive loss, December 31, 2013
$
(206.4
)
 
$
(0.2
)
 
$
(304.1
)
 
$
(510.7
)
Other comprehensive loss before reclassifications
—

 
(1.5
)
 
(181.2
)
 
(182.7
)
Net losses reclassified from accumulated other comprehensive loss
5.6

 
0.4

 
—

 
6.0

Other comprehensive income (loss), net of reclassification adjustments
5.6

 
(1.1
)
 
(181.2
)
 
(176.7
)
Accumulated other comprehensive loss, September 30, 2014
$
(200.8
)
 
$
(1.3
)
 
$
(485.3
)
 
$
(687.4
)
The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the nine months ended September 30, 2014 (in millions):
 
 
Before-Tax
Amount
 
Income
Tax
 
After-Tax
Amount
Accumulated other comprehensive loss as of December 31, 2013
 
$
(279.4
)
 
$
(73.0
)
 
$
(206.4
)
Amortization of net actuarial loss
 
6.6

 
1.5

 
5.1

Amortization of prior service cost
 
0.8

 
0.3

 
0.5

Accumulated other comprehensive loss as of September 30, 2014
 
$
(272.0
)
 
$
(71.2
)
 
$
(200.8
)
Reclassification Out Of Accumulated Other Comprehensive Loss
The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the three and nine months ended September 30, 2014 (in millions):
 
 
Amount Reclassified from Accumulated Other Comprehensive Loss(1)
 
 
Details about Accumulated Other Comprehensive Loss Components
 
Three months ended September 30, 2014
 
Nine months ended September 30, 2014
 
Affected Line Item within the Condensed Consolidated Statements of Operations
Net losses on cash flow hedges
 
$
0.3

 
$
0.2

 
Cost of goods sold
 
 
0.1

 
0.2

 
Income tax provision
Reclassification net of tax
 
$
0.4

 
$
0.4

 
 
 
 
 
 
 
 
 
Defined benefit pension plans:
 
 
 
 
 
 
Amortization of net actuarial loss
 
$
2.2

 
$
6.6

 
(2) 
Amortization of prior service cost
 
0.3

 
0.8

 
(2) 
Reclassification before tax
 
2.5

 
7.4

 
 
 
 
(0.6
)
 
(1.8
)
 
Income tax provision
Reclassification net of tax
 
$
1.9

 
$
5.6

 
 
 
 
 
 
 
 
 
Net losses reclassified from accumulated other comprehensive loss
 
$
2.3

 
$
6.0

 
 
____________________________________

(1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2014.
(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 13 to the Company’s Condensed Consolidated Financial Statements.