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Changes in Stockholders' Equity | 9 Months Ended
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Sep. 30, 2017
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, 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 | — |  |  | 33.0 |  |  | — |  |  | — |  |  | — |  |  | 33.0 |
Issuance of stock awards | — |  |  | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
SSARs exercised | — |  |  | (4.3 | ) |  | — |  |  | — |  |  | — |  |  | (4.3 | )
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | 142.1 |  |  | — |  |  | 2.1 |  |  | 144.2 |
Other comprehensive income, net of reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | — |  |  | — |  |  | — |  |  | 105.4 |  |  | 1.1 |  |  | 106.5 |
Defined benefit pension plans, net of tax | — |  |  | — |  |  | — |  |  | 8.9 |  |  | — |  |  | 8.9 |
Unrealized gain on derivatives, net of tax | — |  |  | — |  |  | — |  |  | 4.3 |  |  | — |  |  | 4.3 |
Payment of dividends to stockholders | — |  |  | — |  |  | (33.4 | ) |  | — |  |  | — |  |  | (33.4 | )
Investments by noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | 0.5 |  |  | 0.5 |
Adjustment related to the adoption of ASU 2016-09 | — |  |  | — |  |  | (1.7 | ) |  | — |  |  | — |  |  | (1.7 | )
Balance, September 30, 2017 | $ | 0.8 |  |  | $ | 129.8 |  |  | $ | 4,220.6 |  |  | $ | (1,323.0 | ) |  | $ | 64.8 |  |  | $ | 3,093.0 |
Total comprehensive income (loss) attributable to noncontrolling interests for the three and nine months ended September 30, 2017 and 2016 was as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Net income (loss) | $ | 0.1 |  |  | $ | (0.6 | ) |  | $ | 2.1 |  |  | $ | 0.9 |
Other comprehensive income: |  |  |  |  |  |  |
Foreign currency translation adjustments | 0.5 |  |  | 0.3 |  |  | 1.1 |  |  | 1.1 |
Total comprehensive income (loss) | $ | 0.6 |  |  | $ | (0.3 | ) |  | $ | 3.2 |  |  | $ | 2.0 |
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, 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 | — |  |  | 2.3 |  |  | 105.4 |  |  | 107.7 |
Net losses reclassified from accumulated other comprehensive loss | 8.9 |  |  | 2.0 |  |  | — |  |  | 10.9 |
Other comprehensive income, net of reclassification adjustments | 8.9 |  |  | 4.3 |  |  | 105.4 |  |  | 118.6 |
Accumulated other comprehensive loss, September 30, 2017 | $ | (295.6 | ) |  | $ | (4.4 | ) |  | $ | (1,023.0 | ) |  | $ | (1,323.0 | )
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, 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 September 30, 2017(1) |  | Three Months Ended September 30, 2016(1)
Derivatives: |  |  |  |  |
Net gains on foreign currency contracts |  | $ | (0.9 | ) |  | $ | (0.3 | ) | Cost of goods sold
Net losses on interest rate contract |  | 0.6 |  |  | 0.5 |  | Interest expense, net
Reclassification before tax |  | (0.3 | ) |  | 0.2 |  |
|  | (0.2 | ) |  | 0.1 |  | Income tax (provision) benefit
Reclassification net of tax |  | $ | (0.5 | ) |  | $ | 0.3 |  |
Defined benefit pension plans: |  |  |  |  |
Amortization of net actuarial losses |  | $ | 3.2 |  |  | $ | 2.5 |  | (2)
Amortization of prior service cost |  | 0.3 |  |  | 0.3 |  | (2)
Reclassification before tax |  | 3.5 |  |  | 2.8 |  |
|  | (0.4 | ) |  | (0.4 | ) | Income tax provision
Reclassification net of tax |  | $ | 3.1 |  |  | $ | 2.4 |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 2.6 |  |  | $ | 2.7 |  |
____________________________________ (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the three months ended September 30, 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 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, 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 |  | Nine months ended September 30, 2017(1) |  | Nine months ended September 30, 2016(1)
Derivatives: |  |  |  |  |
Net losses (gains) on foreign currency contracts |  | $ | 0.6 |  |  | $ | (0.3 | ) | Cost of goods sold
Net losses on interest rate contract |  | 1.7 |  |  | 1.4 |  | Interest expense, net
Reclassification before tax |  | 2.3 |  |  | 1.1 |  |
|  | (0.3 | ) |  | 0.1 |  | Income tax (provision) benefit
Reclassification net of tax |  | $ | 2.0 |  |  | $ | 1.2 |  |
Defined benefit pension plans: |  |  |  |  |
Amortization of net actuarial losses |  | $ | 9.3 |  |  | $ | 7.8 |  | (2)
Amortization of prior service cost |  | 1.0 |  |  | 0.9 |  | (2)
Reclassification before tax |  | 10.3 |  |  | 8.7 |  |
|  | (1.4 | ) |  | (1.2 | ) | Income tax provision
Reclassification net of tax |  | $ | 8.9 |  |  | $ | 7.5 |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 10.9 |  |  | $ | 8.7 |  |
____________________________________ (1) Losses (gains) included within the Condensed Consolidated Statements of Operations for the nine months ended September 30, 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 14 to the Company’s Condensed Consolidated Financial Statements. Share Repurchase Program As of September 30, 2017, the remaining amount authorized to be repurchased is approximately $331.4 million. The authorization for $300.0 million of this amount will expire in December 2019. The remaining amount of $31.4 million authorized has no expiration date.

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- 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 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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