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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Common Stock At December 31, 2020, the Company had 150,000,000 authorized shares of common stock with a par value of $0.01 per share, with approximately 74,962,231 shares of common stock outstanding and approximately 3,853,244 shares reserved for issuance under the Company’s 2006 Long-Term Incentive Plan (the “Plan”) (See Note 9). Share Repurchase Program During the three months ended March 31, 2020 and throughout 2019, the Company repurchased approximately 970,141 and 1,794,256 shares of its common stock, respectively, for approximately $55.0 million and $130.0 million, respectively, either through accelerated share repurchase agreements with financial institutions or through open market transactions. All shares received were retired upon receipt, and the excess of the purchase price over par value per share was recorded to a combination of “Additional paid-in capital” and “Retained earnings” within the Company’s Consolidated Balance Sheets. The Company suspended share repurchases subsequent to March 31, 2020 in light of the COVID-19 pandemic and has not repurchased shares since that period. As of December 31, 2020, the remaining amount authorized to be repurchased under board-approved share repurchase authorizations was approximately $245.0 million, which has no expiration date. Dividends 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:
| 2020(1) |  | 2019(1) |  | 2018
Dividends declared and paid per common share | $ | 0.16 |  |  | $ | 0.15 |  |  | $ | 0.15 |
____________________________________ (1) The Company’s Board of Directors 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. On January 21, 2021, the Company’s Board of Directors approved a quarterly dividend of $0.16 per common share commencing in the first quarter of 2021. Accumulated Other Comprehensive Loss 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, 2020 and 2019 (in millions):
| Defined Benefit Pension Plans |  | Cumulative Translation Adjustment |  | Deferred Net Gains (Losses) on Derivatives |  | Total
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) |
Other comprehensive loss (gain) before reclassifications | (32.1) |  |  | (197.5) |  |  | 5.1 |  |  | (224.5) |
Net losses (gains) reclassified from accumulated other comprehensive loss | 15.2 |  |  | — |  |  | (6.3) |  |  | 8.9 |
Other comprehensive loss, net of reclassification adjustments | (16.9) |  |  | (197.5) |  |  | (1.2) |  |  | (215.6) |
Accumulated other comprehensive loss, December 31, 2020 | $ | (313.3) |  |  | $ | (1,495.0) |  |  | $ | (2.5) |  |  | $ | (1,810.8) |
The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the years ended December 31, 2020 and 2019 (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, 2020(1) |  | Year ended December 31, 2019(1) |
Derivatives: |  |  |  |  |  |
Net gains on foreign currency contracts |  | $ | (6.4) |  |  | $ | (0.1) |  |  | Cost of goods sold
Reclassification before tax |  | (6.4) |  |  | (0.1) |  |  |
|  | 0.1 |  |  | — |  |  | Income tax provision
Reclassification net of tax |  | $ | (6.3) |  |  | $ | (0.1) |  |  |
Defined benefit pension plans: |  |  |  |  |  |
Amortization of net actuarial losses |  | $ | 15.7 |  |  | $ | 14.3 |  |  | Other expense, net(2)
Amortization of prior service cost |  | 2.2 |  |  | 1.7 |  |  | Other expense, net(2)
Reclassification before tax |  | 17.9 |  |  | 16.0 |  |  |
|  | (2.7) |  |  | (2.6) |  |  | Income tax provision
Reclassification net of tax |  | $ | 15.2 |  |  | $ | 13.4 |  |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 8.9 |  |  | $ | 13.3 |  |  |
____________________________________ (1) (Gains) losses included within the Consolidated Statements of Operations for the years ended December 31, 2020 and 2019, respectively. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 7 to the Company’s Consolidated Financial Statements.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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