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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
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:
| 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.
Schedule of Accumulated Other Comprehensive Income (Loss) | The Company’s accumulated comprehensive loss as of December 31, 2020 and 2019 reflects a reduction in equity related to the following items (in millions):
| 2020 |  | 2019
All plans:(1) |  |  |
Reduction in equity, net of taxes of $98.6 and $96.3 at December 31, 2020 and 2019, respectively | $ | 410.8 |  |  | $ | 391.6 |
GIMA joint venture:(2) |  |  |
Reduction in equity, net of taxes of $0.6 and $0.5 at December 31, 2020 and 2019, respectively | 1.7 |  |  | 1.6 |
______________________________________ (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 for both of 2020 and 2019, respectively. 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) |
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, 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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