XML 78 R67.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Derivative Instruments and Hedging Activities (After-Tax Impact of Changes in Fair Value and Derivatives Designated as Cash Flow Hedges) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Cost of goods sold | $ 2,409.1 | $ 2,817.0 | $ 4,568.0 | $ 5,295.6
Interest expense, net | 29.9 | 5.8 | 31.8 | 6.3
Cash Flow Hedging | Designated as Hedging Instrument |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss | (3.5) | (5.7) | 1.1 | (6.7)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income | (1.5) | (1.2) |  |
Cash Flow Hedging | Designated as Hedging Instrument | Cost of goods sold |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income |  |  | (3.8) | (2.7)
Cash Flow Hedging | Designated as Hedging Instrument | Foreign currency contracts |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss | (3.5) | (5.0) | (4.7) | (6.9)
Cash Flow Hedging | Designated as Hedging Instrument | Foreign currency contracts | Cost of goods sold |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income | (1.5) | (0.8) | (3.8) | (2.6)
Cash Flow Hedging | Designated as Hedging Instrument | Commodity contracts |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss | 0.0 | (0.7) | (0.3) | 0.2
Cash Flow Hedging | Designated as Hedging Instrument | Commodity contracts | Cost of goods sold |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income | (0.2) | $ (0.4) | (0.2) | $ (0.1)
Cash Flow Hedging | Designated as Hedging Instrument | Treasury rate locks |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss | 0.0 |  | 6.1 |
Cash Flow Hedging | Designated as Hedging Instrument | Treasury rate locks | Interest expense, net |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income | $ 0.2 |  | $ 0.2 |

X
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1 + Details
Name: | us-gaap_CostOfGoodsAndServicesSold
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of interest income (expense) classified as nonoperating. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 + Details
Name: | us-gaap_InterestIncomeExpenseNonoperatingNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-15 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_TreasuryLockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=agco_InterestIncomeExpenseNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |