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Schedule II - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts
SCHEDULE II

AGCO CORPORATION AND SUBSIDIARIES

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS
(in millions)
Additions
DescriptionBalance at
Beginning
of Period
Acquired
Businesses
Charged to
Costs and
Expenses
DeductionsForeign
Currency
Translation
Balance at
End of Period
Year ended December 31, 2022      
Allowances for doubtful accounts$32.6 $0.1 $3.3 $(3.2)$(1.5)$31.3 
Year ended December 31, 2021      
Allowances for doubtful accounts$36.4 $0.2 $0.5 $(2.8)$(1.7)$32.6 
Year ended December 31, 2020      
Allowances for doubtful accounts$28.8 $— $14.5 $(6.8)$(0.1)$36.4 
Additions
DescriptionBalance at
Beginning
of Period
Charged to
Costs and
Expenses
Reversal of
Accrual
DeductionsForeign
Currency
Translation
Balance at
End of Period
Year ended December 31, 2022     
Accruals of severance, relocation and other closure costs
$14.7 $6.9 $(0.8)$(12.8)$(1.2)$6.8 
Year ended December 31, 2021      
Accruals of severance, relocation and other closure costs
$16.8 $19.9 $(2.3)$(19.1)$(0.6)$14.7 
Year ended December 31, 2020      
Accruals of severance, relocation and other closure costs
$4.8 $17.6 $(0.4)$(5.1)$(0.1)$16.8 
Additions
DescriptionBalance at
Beginning
of Period
Acquired
Businesses
Charged (Credited) to
Costs and
Expenses(1)
DeductionsForeign
Currency
Translation
Balance at
End of Period
Year ended December 31, 2022      
Deferred tax valuation allowance$47.4 $— $0.7 $— $(0.8)$47.3 
Year ended December 31, 2021      
Deferred tax valuation allowance$181.0 $0.4 $(130.8)$— $(3.2)$47.4 
Year ended December 31, 2020      
Deferred tax valuation allowance$169.1 $0.9 $28.7 $— $(17.7)$181.0 

(1) There were no amounts credited or charged through other comprehensive income during 2022 and 2021. Amounts credited through other comprehensive income (loss) during the year ended December 31, 2020 was approximately $12.4 million.