XML 78 R66.htm IDEA: XBRL DOCUMENT
v3.24.3

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions, $ in Millions |  |  | 3 Months Ended | 9 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Nov. 04, 2024 USD ($) | Mar. 28, 2024 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2023 USD ($) | Jan. 29, 2028 USD ($) | Jan. 29, 2028 EUR (€) | Sep. 30, 2024 USD ($) | Jun. 30, 2024 USD ($) | Dec. 31, 2023 USD ($) | Sep. 30, 2023 EUR (€)
Deferred Gains and Losses on Derivatives |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
AOCI Including Portion Attributable to Noncontrolling Interest, before Tax |  |  |  |  |  |  | $ (8.8) | $ (6.8) | $ 1.3 |
Foreign currency contracts | Deferred Gains and Losses on Derivatives |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
AOCI Including Portion Attributable to Noncontrolling Interest, before Tax |  |  |  |  |  |  | 3.5 |  |  |
Foreign currency contracts | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  |  | 2,710.6 |  | 3,125.1 |
Foreign currency contracts | Cash Flow Hedging | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  |  | 234.7 |  | 262.2 |
Commodity contracts | Cash Flow Hedging | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  |  | 0.0 |  | $ 2.5 |
Treasury rate locks | Cash Flow Hedging | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Gain recognized in accumulated other comprehensive loss |  | $ 8.2 |  |  |  |  |  |  |  |
Cross currency swap contract payment | Net Investment Hedging | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  |  | $ 277.0 |  |  |
Cross currency swap contract payment | Net Investment Hedging | Designated as Hedging Instrument | Subsequent Event |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | $ 277.4 |  |  |  |  |  |  |  |  |
Cross currency swap contract payment | Net Investment Hedging | Designated as Hedging Instrument | Forecast |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | € |  |  |  |  |  | € 247.9 |  |  |  |
Cross currency swap contract receipt | Net Investment Hedging | Designated as Hedging Instrument | Subsequent Event |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | 300.0 |  |  |  |  |  |  |  |  |
Cross currency swap contract receipt | Net Investment Hedging | Designated as Hedging Instrument | Forecast |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  | $ 300.0 |  |  |  |  |
Cross currency swap contract | Net Investment Hedging | Designated as Hedging Instrument | Subsequent Event |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | 600.0 |  |  |  |  |  |  |  |  |
Cross Currency Interest Rate Contract One | Net Investment Hedging | Designated as Hedging Instrument | Subsequent Event |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | $ 200.0 |  |  |  |  |  |  |  |  |
Term of the contract | 3 years |  |  |  |  |  |  |  |  |
Cross Currency Interest Rate Contract Two | Net Investment Hedging | Designated as Hedging Instrument | Subsequent Event |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | $ 200.0 |  |  |  |  |  |  |  |  |
Term of the contract | 5 years |  |  |  |  |  |  |  |  |
Cross Currency Interest Rate Contract Three | Net Investment Hedging | Designated as Hedging Instrument | Subsequent Event |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | $ 200.0 |  |  |  |  |  |  |  |  |
Term of the contract | 7 years |  |  |  |  |  |  |  |  |
Foreign currency denominated debt | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Gain on net investment hedge, net of tax, recognized in other comprehensive loss |  |  | $ 1.7 | $ 2.7 |  |  |  |  |  |
Foreign currency denominated debt | Net Investment Hedging | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |
Notional amount | € |  |  |  |  |  |  |  |  |  | € 150.0

X
- Definition Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification, After Tax + References No definition available. + Details
Name: | agco_OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAfterTax
Namespace Prefix: | agco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount before tax of increase (decrease) in accumulated equity from transactions and other events and circumstances from non-owner sources, including portion attributable to noncontrolling interest. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners (distributions to owners). + References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Period the derivative contract is outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DerivativeTermOfContract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before tax and reclassification, of gain (loss) from derivative instrument designated and qualifying 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 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480627/815-20-45-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: 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_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember
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_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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_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_DerivativeInstrumentRiskAxis=agco_CrossCurrencyInterestRateContractPaymentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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

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