XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Changes in Stockholders' Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Stockholders' Equity Note [Abstract] |
Schedule Of Stockholders Equity | The following table sets forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the three months ended March 31, 2017 (in millions):
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Noncontrolling Interests |  | Total Stockholders’ Equity
Balance, December 31, 2016 | $ | 0.8 |  |  | $ | 103.3 |  |  | $ | 4,113.6 |  |  | $ | (1,441.6 | ) |  | $ | 61.1 |  |  | $ | 2,837.2 |
Stock compensation | — |  |  | 13.7 |  |  | — |  |  | — |  |  | — |  |  | 13.7 |
Issuance of stock awards | — |  |  | (2.1 | ) |  | — |  |  | — |  |  | — |  |  | (2.1 | )
SSARs exercised | — |  |  | (0.9 | ) |  | — |  |  | — |  |  | — |  |  | (0.9 | )
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net (loss) income | — |  |  | — |  |  | (10.1 | ) |  | — |  |  | 1.9 |  |  | (8.2 | )
Other comprehensive income, net of reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | — |  |  | — |  |  | — |  |  | 41.1 |  |  | 1.6 |  |  | 42.7 |
Defined benefit pension plans, net of tax | — |  |  | — |  |  | — |  |  | 2.9 |  |  | — |  |  | 2.9 |
Unrealized gain on derivatives, net of tax | — |  |  | — |  |  | — |  |  | 3.3 |  |  | — |  |  | 3.3 |
Payment of dividends to stockholders | — |  |  | — |  |  | (11.1 | ) |  | — |  |  | — |  |  | (11.1 | )
Investment by noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 0.2 |  |  | 0.2 |
Adjustment related to the adoption of ASU 2016-09 | — |  |  | — |  |  | (1.7 | ) |  | — |  |  | — |  |  | (1.7 | )
Balance, March 31, 2017 | $ | 0.8 |  |  | $ | 114.0 |  |  | $ | 4,090.7 |  |  | $ | (1,394.3 | ) |  | $ | 64.8 |  |  | $ | 2,876.0 |
Schedule of Comprehensive Income (Loss) | Total comprehensive income attributable to noncontrolling interests for the three months ended March 31, 2017 and 2016 was as follows (in millions):
| Three Months Ended March 31,
| 2017 |  | 2016
Net income | $ | 1.9 |  |  | $ | 2.4 |
Other comprehensive income: |  |  |
Foreign currency translation adjustments | 1.6 |  |  | — |
Total comprehensive income | $ | 3.5 |  |  | $ | 2.4 |
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 three months ended March 31, 2017 (in millions):
| Defined Benefit Pension Plans |  | Deferred Net (Losses) Gains on Derivatives |  | Cumulative Translation Adjustment |  | Total
Accumulated other comprehensive loss, December 31, 2016 | $ | (304.5 | ) |  | $ | (8.7 | ) |  | $ | (1,128.4 | ) |  | $ | (1,441.6 | )
Other comprehensive income before reclassifications | — |  |  | 2.0 |  |  | 41.1 |  |  | 43.1 |
Net losses reclassified from accumulated other comprehensive loss | 2.9 |  |  | 1.3 |  |  | — |  |  | 4.2 |
Other comprehensive income, net of reclassification adjustments | 2.9 |  |  | 3.3 |  |  | 41.1 |  |  | 47.3 |
Accumulated other comprehensive loss, March 31, 2017 | $ | (301.6 | ) |  | $ | (5.4 | ) |  | $ | (1,087.3 | ) |  | $ | (1,394.3 | )
The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the three months ended March 31, 2017 (in millions):
|  | Before-Tax Amount |  | Income Tax |  | After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2016 |  | $ | (404.8 | ) |  | $ | (100.3 | ) |  | $ | (304.5 | )
Amortization of net actuarial losses |  | 3.0 |  |  | 0.5 |  |  | 2.5 |
Amortization of prior service cost |  | 0.4 |  |  | — |  |  | 0.4 |
Accumulated other comprehensive loss as of March 31, 2017 |  | $ | (401.4 | ) |  | $ | (99.8 | ) |  | $ | (301.6 | )
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 months ended March 31, 2017 and 2016 (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 March 31, 2017(1) |  | Three Months Ended March 31, 2016(1)
Derivatives: |  |  |  |  |
Net losses on foreign currency contracts |  | $ | 0.7 |  |  | $ | — |  | Cost of goods sold
Net losses on interest rate contracts |  | 0.6 |  |  | 0.4 |  | Interest expense, net
Reclassification before tax |  | 1.3 |  |  | 0.4 |  |
|  | — |  |  | (0.2 | ) | Income tax provision
Reclassification net of tax |  | $ | 1.3 |  |  | $ | 0.2 |  |
Defined benefit pension plans: |  |  |  |  |
Amortization of net actuarial losses |  | $ | 3.0 |  |  | $ | 2.6 |  | (2)
Amortization of prior service cost |  | 0.4 |  |  | 0.3 |  | (2)
Reclassification before tax |  | 3.4 |  |  | 2.9 |  |
|  | (0.5 | ) |  | (0.7 | ) | Income tax provision
Reclassification net of tax |  | $ | 2.9 |  |  | $ | 2.2 |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 4.2 |  |  | $ | 2.4 |  |
____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2017 and 2016. (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.

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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