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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
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 years ended December 31, 2015 and 2014 (in millions):
 
Defined Benefit Pension Plans
 
Cumulative Translation Adjustment
 
Deferred Net Gains (Losses) on Derivatives
 
Total
Accumulated other comprehensive loss, December 31, 2013
$
(206.4
)
 
$
(304.1
)
 
$
(0.2
)
 
$
(510.7
)
Other comprehensive loss before reclassifications
(54.8
)
 
(349.0
)
 
(1.4
)
 
(405.2
)
Net losses reclassified from accumulated other comprehensive loss
7.9

 
—

 
1.5

 
9.4

Other comprehensive (loss) income, net of reclassification adjustments
(46.9
)
 
(349.0
)
 
0.1

 
(395.8
)
Accumulated other comprehensive loss, December 31, 2014
(253.3
)
 
(653.1
)
 
(0.1
)
 
(906.5
)
Other comprehensive loss before reclassifications
(2.4
)
 
(556.1
)
 
(4.6
)
 
(563.1
)
Net losses reclassified from accumulated other comprehensive loss
6.7

 
—

 
2.7

 
9.4

Other comprehensive income (loss), net of reclassification adjustments
4.3

 
(556.1
)
 
(1.9
)
 
(553.7
)
Accumulated other comprehensive loss, December 31, 2015
$
(249.0
)
 
$
(1,209.2
)
 
$
(2.0
)
 
$
(1,460.2
)
Schedule of reclassifications out of AOCI
The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the years ended December 31, 2015 and 2014 (in millions):
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item within the Consolidated Statements of Operations
 
Year ended December 31, 2015 (1)
 
Year ended December 31, 2014 (1)
 
Derivatives:
 
 
 
 
 
 
    Net losses on foreign currency contracts
 
$
2.6

 
$
1.4

 
Cost of goods sold
    Net losses on interest rate swap contracts
 
0.5

 
—

 
Interest expense, net
Reclassification before tax
 
3.1

 
1.4

 
 
 
 
(0.4
)
 
0.1

 
Income tax provision
Reclassification net of tax
 
$
2.7

 
$
1.5

 
 
 
 
 
 
 
 
 
Defined benefit pension plans:
 
 
 
 
 
 
Amortization of net actuarial losses
 
$
8.1

 
$
9.6

 
(2) 
Amortization of prior service cost
 
0.6

 
1.0

 
(2) 
Reclassification before tax
 
8.7

 
10.6

 
 
 
 
(2.0
)
 
(2.7
)
 
Income tax provision
Reclassification net of tax
 
$
6.7

 
$
7.9

 
 
 
 
 
 
 
 
 
Net losses reclassified from accumulated other comprehensive loss
 
$
9.4

 
$
9.4

 
 

____________________________________
(1)
Losses included within the Consolidated Statements of Operations for the years ended December 31, 2015 and 2014, respectively.
(2)
These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 8 to the Company’s Consolidated Financial Statements.