XML 32 R18.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Changes in Stockholders' Equity | 9 Months Ended
--- | ---
Sep. 30, 2016
Stockholders' Equity Note [Abstract] |
Changes in Stockholders' Equity | CHANGES IN STOCKHOLDERS’ EQUITY The following table sets forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the nine months ended September 30, 2016 (in millions):
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Noncontrolling Interests |  | Total Stockholders’ Equity
Balance, December 31, 2015 | $ | 0.8 |  |  | $ | 301.7 |  |  | $ | 3,996.0 |  |  | $ | (1,460.2 | ) |  | $ | 45.0 |  |  | $ | 2,883.3 |
Stock compensation | — |  |  | 19.3 |  |  | — |  |  | — |  |  | — |  |  | 19.3 |
Issuance of RSUs | — |  |  | (0.9 | ) |  | — |  |  | — |  |  | — |  |  | (0.9 | )
SSARs exercised | — |  |  | (0.7 | ) |  | — |  |  | — |  |  | — |  |  | (0.7 | )
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | 98.1 |  |  | — |  |  | 0.9 |  |  | 99.0 |
Other comprehensive income, net of reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | — |  |  | — |  |  | — |  |  | 148.0 |  |  | 1.1 |  |  | 149.1 |
Defined benefit pension plans, net of tax | — |  |  | — |  |  | — |  |  | 7.5 |  |  | — |  |  | 7.5 |
Unrealized loss on derivatives, net of tax | — |  |  | — |  |  | — |  |  | (5.1 | ) |  | — |  |  | (5.1 | )
Payment of dividends to stockholders | — |  |  | — |  |  | (32.1 | ) |  | — |  |  | — |  |  | (32.1 | )
Purchases and retirement of common stock | — |  |  | (170.0 | ) |  | — |  |  | — |  |  | — |  |  | (170.0 | )
Investment by noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 12.2 |  |  | 12.2 |
Change in noncontrolling interest | — |  |  | (2.2 | ) |  | — |  |  | — |  |  | 2.2 |  |  | — |
Balance, September 30, 2016 | $ | 0.8 |  |  | $ | 147.2 |  |  | $ | 4,062.0 |  |  | $ | (1,309.8 | ) |  | $ | 61.4 |  |  | $ | 2,961.6 |
Total comprehensive (loss) income attributable to noncontrolling interests for the three and nine months ended September 30, 2016 and 2015 was as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Net (loss) income | $ | (0.6 | ) |  | $ | 0.1 |  |  | $ | 0.9 |  |  | $ | (1.6 | )
Other comprehensive (loss) income: |  |  |  |  |  |  |
Foreign currency translation adjustments | 0.3 |  |  | (2.6 | ) |  | 1.1 |  |  | (1.8 | )
Total comprehensive (loss) income | $ | (0.3 | ) |  | $ | (2.5 | ) |  | $ | 2.0 |  |  | $ | (3.4 | )
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, 2016 (in millions):
| Defined Benefit Pension Plans |  | Deferred Net (Losses) Gains on Derivatives |  | Cumulative Translation Adjustment |  | Total
Accumulated other comprehensive loss, December 31, 2015 | $ | (249.0 | ) |  | $ | (2.0 | ) |  | $ | (1,209.2 | ) |  | $ | (1,460.2 | )
Other comprehensive (loss) income before reclassifications | — |  |  | (6.3 | ) |  | 148.0 |  |  | 141.7 |
Net losses reclassified from accumulated other comprehensive loss | 7.5 |  |  | 1.2 |  |  | — |  |  | 8.7 |
Other comprehensive income (loss), net of reclassification adjustments | 7.5 |  |  | (5.1 | ) |  | 148.0 |  |  | 150.4 |
Accumulated other comprehensive loss, September 30, 2016 | $ | (241.5 | ) |  | $ | (7.1 | ) |  | $ | (1,061.2 | ) |  | $ | (1,309.8 | )
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 months ended September 30, 2016 and 2015 (in millions):
|  | Amount Reclassified from Accumulated Other Comprehensive Loss | Affected Line Item within the Condensed Consolidated Statements of Operations
Details about Accumulated Other Comprehensive Loss Components |  | Three months ended September 30, 2016 (1) |  | Three months ended September 30, 2015 (1)
Derivatives: |  |  |  |  |
Net (gains) losses on foreign currency contracts |  | $ | (0.3 | ) |  | $ | 0.6 |  | Cost of goods sold
Net losses on interest rate swap contracts |  | 0.5 |  |  | 0.1 |  | Interest expense, net
Reclassification before tax |  | 0.2 |  |  | 0.7 |  |
|  | 0.1 |  |  | (0.1 | ) | Income tax benefit (provision)
Reclassification net of tax |  | $ | 0.3 |  |  | $ | 0.6 |  |
Defined benefit pension plans: |  |  |  |  |
Amortization of net actuarial loss |  | $ | 2.5 |  |  | $ | 2.9 |  | (2)
Amortization of prior service cost |  | 0.3 |  |  | 0.1 |  | (2)
Reclassification before tax |  | 2.8 |  |  | 3.0 |  |
|  | (0.4 | ) |  | (0.7 | ) | Income tax provision
Reclassification net of tax |  | $ | 2.4 |  |  | $ | 2.3 |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 2.7 |  |  | $ | 2.9 |  |
____________________________________ (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the three months ended September 30, 2016 and 2015. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 to the Company’s Condensed Consolidated Financial Statements. The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the nine months ended September 30, 2016 and 2015 (in millions):
|  | Amount Reclassified from Accumulated Other Comprehensive Loss | Affected Line Item within the Condensed Consolidated Statements of Operations
Details about Accumulated Other Comprehensive Loss Components |  | Nine months ended September 30, 2016 (1) |  | Nine months ended September 30, 2015 (1)
Derivatives: |  |  |  |  |
Net (gains) losses on foreign currency contracts |  | $ | (0.3 | ) |  | $ | 1.8 |  | Cost of goods sold
Net losses on interest rate swap contracts |  | 1.4 |  |  | 0.1 |  | Interest expense, net
Reclassification before tax |  | 1.1 |  |  | 1.9 |  |
|  | 0.1 |  |  | (0.2 | ) | Income tax benefit (provision)
Reclassification net of tax |  | $ | 1.2 |  |  | $ | 1.7 |  |
Defined benefit pension plans: |  |  |  |  |
Amortization of net actuarial loss |  | $ | 7.8 |  |  | $ | 8.5 |  | (2)
Amortization of prior service cost |  | 0.9 |  |  | 0.4 |  | (2)
Reclassification before tax |  | 8.7 |  |  | 8.9 |  |
|  | (1.2 | ) |  | (2.2 | ) | Income tax provision
Reclassification net of tax |  | $ | 7.5 |  |  | $ | 6.7 |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 8.7 |  |  | $ | 8.4 |  |
____________________________________ (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2016 and 2015. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 to the Company’s Condensed Consolidated Financial Statements. Share Repurchase Program During the nine months ended September 30, 2016, the Company entered into accelerated share repurchase (“ASR”)agreements with a financial institution to repurchase an aggregate of $170.0 million of shares of the Company’s common stock. The Company received approximately 3,201,161 shares during the nine months ended September 30, 2016 related to the ASR agreements. All shares received under the ASR agreements were retired upon receipt, and the excess of the purchase price over par value per share was recorded to “Additional paid-in capital” within the Company’s Condensed Consolidated Balance Sheets. The remaining amount of shares authorized to be repurchased under approved share repurchase programs is approximately $73.9 million.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration