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 six months ended June 30, 2018 (in millions):



	Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Noncontrolling Interests			Total Stockholders’ Equity
Balance, December 31, 2017	$	0.8	$	136.6		$	4,253.8		$	(1,361.6	)	$	65.7		$	3,095.3
Stock compensation	—		22.5			—			—			—			22.5
Issuance of stock awards	—		(3.0		)	—			—			—			(3.0		)
SSARs exercised	—		(0.4		)	—			—			—			(0.4		)
Comprehensive income:
Net income (loss)	—		—			115.7			—			(0.3		)	115.4
Other comprehensive loss, net of reclassification adjustments:
Foreign currency translation adjustments	—		—			—			(178.6		)	(2.1		)	(180.7		)
Defined benefit pension plans, net of tax	—		—			—			6.1			—			6.1
Unrealized loss on derivatives, net of tax	—		—			—			0.6			—			0.6
Payment of dividends to stockholders	—		—			(23.8		)	—			—			(23.8		)
Purchases and retirement of common stock	—		(34.3		)	—			—			—			(34.3		)
Adjustment related to the adoption of ASU 2014-09	—		—			0.4			—			—			0.4
Balance, June 30, 2018	$	0.8	$	121.4		$	4,346.1		$	(1,533.5	)	$	63.3		$	2,998.1

Total comprehensive (loss) income attributable to noncontrolling interests for the three and six months ended June 30, 2018 and 2017 was as follows (in millions):



	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Net (loss) income	$	(1.0	)	$	0.1		$	(0.3	)	$	2.0
Other comprehensive (loss) income:
Foreign currency translation adjustments	(2.2		)	(1.0		)	(2.1		)	0.6
Total comprehensive (loss) income	$	(3.2	)	$	(0.9	)	$	(2.4	)	$	2.6

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 six months ended June 30, 2018 (in millions):



	Defined Benefit Pension Plans			Deferred Net (Losses) Gains on Derivatives			Cumulative Translation Adjustment			Total
Accumulated other comprehensive loss, December 31, 2017	$	(285.1	)	$	(4.7	)	$	(1,071.8	)	$	(1,361.6	)
Other comprehensive loss before reclassifications	—			(2.1		)	(178.6		)	(180.7		)
Net losses reclassified from accumulated other comprehensive loss	6.1			2.7			—			8.8
Other comprehensive income (loss), net of reclassification adjustments	6.1			0.6			(178.6		)	(171.9		)
Accumulated other comprehensive loss, June 30, 2018	$	(279.0	)	$	(4.1	)	$	(1,250.4	)	$	(1,533.5	)

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 June 30, 2018 and 2017 (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 June 30, 2018⁽¹⁾			Three Months Ended June 30, 2017⁽¹⁾
Derivatives:
Net losses on foreign currency contracts	$	0.9		$	0.8		Cost of goods sold
Net losses on interest rate swap contract	0.7			0.5			Interest expense, net
Reclassification before tax	1.6			1.3
	(0.1		)	(0.1		)	Income tax provision
Reclassification net of tax	$	1.5		$	1.2

Defined benefit pension plans:
Amortization of net actuarial losses	$	3.2		$	3.1		⁽²⁾
Amortization of prior service cost	0.3			0.3			⁽²⁾
Reclassification before tax	3.5			3.4
	(0.5		)	(0.5		)	Income tax provision
Reclassification net of tax	$	3.0		$	2.9

Net losses reclassified from accumulated other comprehensive loss	$	4.5		$	4.1

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(1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2018 and 2017.

(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.

The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2018 and 2017 (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	Six months ended June 30, 2018⁽¹⁾			Six months ended June 30, 2017⁽¹⁾
Derivatives:
Net losses on foreign currency contracts	$	1.5		$	1.5		Cost of goods sold
Net losses on interest rate swap contract	1.3			1.1			Interest expense, net
Reclassification before tax	2.8			2.6
	(0.1		)	(0.1		)	Income tax provision
Reclassification net of tax	$	2.7		$	2.5

Defined benefit pension plans:
Amortization of net actuarial losses	$	6.3		$	6.1		⁽²⁾
Amortization of prior service cost	0.7			0.7			⁽²⁾
Reclassification before tax	7.0			6.8
	(0.9		)	(1.0		)	Income tax provision
Reclassification net of tax	$	6.1		$	5.8

Net losses reclassified from accumulated other comprehensive loss	$	8.8		$	8.3

____________________________________

(1) Losses included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2018 and 2017.

Share Repurchase Program

During the six months ended June 30, 2018, through open market transactions, the Company repurchased 534,403 shares of its common stock for approximately $34.3 million at an average price paid of $64.14 per share. Repurchased shares were retired on the date of purchase, 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.

As of June 30, 2018, the remaining amount authorized to be repurchased was approximately $297.1 million, of which$265.7 million expires in December 2019 and $31.4 million has no expiration date.