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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Common Stock, Quarterly Dividends, Per Share, Declared [Table Text Block]
The Company’s Board of Directors has declared and the Company has paid quarterly cash dividends per common share generally beginning in the first quarter of the following years:
 
2019(1)
 
2018
 
2017
Dividends declared and paid per common share
$
0.15

 
$
0.15

 
$
0.14

____________________________________
(1)
The Company's Board of Directors has declared and the Company has paid quarterly cash dividends of $0.16 per common share beginning in the second quarter of 2019, from $0.15 per common share in the first quarter of 2019.
Schedule of Accumulated Other Comprehensive Income (Loss)
The Company’s accumulated comprehensive loss as of December 31, 2019 and 2018 reflects a reduction in equity related to the following items (in millions):
 
2019
 
2018
All plans(1):
 
 
 
Reduction in equity, net of taxes of $96.3 and $97.0 at December 31, 2019 and 2018, respectively
$
391.6

 
$
378.7

GIMA joint venture(2):
 
 
 
Reduction in equity, net of taxes of $0.5 and $0.4 at December 31, 2019 and 2018, respectively
1.6

 
1.1

______________________________________
(1)
Primarily related to the Company’s U.K. pension plan.
(2)
These amounts represented 50% of GIMA’s unrecognized net actuarial losses and unrecognized prior service cost associated with its pension plan. In addition, GIMA recognized a net actuarial loss due to settlements of approximately $0.1 million during both 2019 and 2018.
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, 2019 and 2018 (in millions):
 
Defined Benefit Pension Plans
 
Cumulative Translation Adjustment
 
Deferred Net Gains (Losses) on Derivatives
 
Total
Accumulated other comprehensive loss, December 31, 2017
$
(285.1
)
 
$
(1,071.8
)
 
$
(4.7
)
 
$
(1,361.6
)
Other comprehensive loss before reclassifications
(10.3
)
 
(202.6
)
 
(1.1
)
 
(214.0
)
Net losses reclassified from accumulated other comprehensive loss
13.0

 
—

 
7.2

 
20.2

Other comprehensive income (loss), net of reclassification adjustments
2.7

 
(202.6
)
 
6.1

 
(193.8
)
Accumulated other comprehensive loss, December 31, 2018
(282.4
)
 
(1,274.4
)
 
1.4

 
(1,555.4
)
Other comprehensive loss before reclassifications
(27.4
)
 
(23.1
)
 
(2.6
)
 
(53.1
)
Net losses (gains) reclassified from accumulated other comprehensive loss
13.4

 
—

 
(0.1
)
 
13.3

Other comprehensive loss, net of reclassification adjustments
(14.0
)
 
(23.1
)
 
(2.7
)
 
(39.8
)
Accumulated other comprehensive loss, December 31, 2019
$
(296.4
)
 
$
(1,297.5
)
 
$
(1.3
)
 
$
(1,595.2
)
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, 2019 and 2018 (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, 2019(1)
 
Year ended December 31, 2018(1)
 
Derivatives:
 
 
 
 
 
 
    Net (gains) losses on foreign currency contracts
 
$
(0.1
)
 
$
2.3

 
Cost of goods sold
    Net losses on interest rate swap contract
 
—

 
6.3

 
Interest expense, net
Reclassification before tax
 
(0.1
)
 
8.6

 
 
 
 
—

 
(1.4
)
 
Income tax provision
Reclassification net of tax
 
$
(0.1
)
 
$
7.2

 
 
 
 
 
 
 
 
 
Defined benefit pension plans:
 
 
 
 
 
 
Amortization of net actuarial losses
 
$
14.3

 
$
13.9

 
Other expense, net(2)
Amortization of prior service cost
 
1.7

 
1.4

 
Other expense, net(2)
Reclassification before tax
 
16.0

 
15.3

 
 
 
 
(2.6
)
 
(2.3
)
 
Income tax provision
Reclassification net of tax
 
$
13.4

 
$
13.0

 
 
 
 
 
 
 
 
 
Net losses reclassified from accumulated other comprehensive loss
 
$
13.3

 
$
20.2

 
 

____________________________________
(1)
(Gains) losses included within the Consolidated Statements of Operations for the years ended December 31, 2019 and 2018, 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.