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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Dividends Declared | The Company’s Board of Directors has declared and the Company has paid cash dividends per common share during the following years:
| 2024(1) |  | 2023(2) |  | 2022(3)
Dividends declared and paid per common share | $ | 3.66 |  |  | $ | 6.10 |  |  | $ | 5.40 |
__________________________________ (1) The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.29 per common share during each quarter of 2024. In addition, the Company's Board of Directors declared and the Company paid a special variable dividend of $2.50 per common share during 2024 totaling approximately $186.6 million. (2) On April 27, 2023, the Company’s Board of Directors approved a quarterly dividend of $0.29 per common share outstanding commencing in the second quarter of 2023. The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.29 per common share beginning in the second quarter of 2023, from $0.24 per common share in the first quarter of 2023. In addition, the Company's Board of Directors declared and the Company paid a special variable dividend of $5.00 per common share during 2023 totaling approximately $374.4 million. (3) On April 28, 2022, the Company’s Board of Directors approved a quarterly dividend of $0.24 per common share outstanding commencing in the second quarter of 2022. The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.24 per common share beginning in the second quarter of 2022, from $0.20 per common share in the first quarter of 2022. In addition, the Company's Board of Directors declared and the Company paid a special variable dividend of $4.50 per common share during 2022 totaling approximately $335.7 million.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation for the years ended December 31, 2024, 2023 and 2022 (in millions):
| Defined Pension and Postretirement Benefit Plans |  | Cumulative Translation Adjustment |  | Deferred Gains and Losses on Derivatives |  | Total
Accumulated other comprehensive loss, December 31, 2021 | $ | (230.4) |  |  | $ | (1,540.1) |  |  | $ | (0.4) |  |  | $ | (1,770.9) |
Other comprehensive loss before reclassifications | (7.2) |  |  | (30.9) |  |  | (14.6) |  |  | (52.7) |
Net losses reclassified from accumulated other comprehensive loss | 6.4 |  |  | — |  |  | 14.1 |  |  | 20.5 |
Other comprehensive loss | (0.8) |  |  | (30.9) |  |  | (0.5) |  |  | (32.2) |
Accumulated other comprehensive loss, December 31, 2022 | $ | (231.2) |  |  | $ | (1,571) |  |  | $ | (0.9) |  |  | $ | (1,803.1) |
Other comprehensive income (loss) before reclassifications | (15.7) |  |  | 102.3 |  |  | (8.9) |  |  | 77.7 |
Net losses reclassified from accumulated other comprehensive loss | 8.3 |  |  | — |  |  | 9.0 |  |  | 17.3 |
Other comprehensive income (loss) | (7.4) |  |  | 102.3 |  |  | 0.1 |  |  | 95.0 |
Accumulated other comprehensive loss, December 31, 2023 | $ | (238.6) |  |  | $ | (1,468.7) |  |  | $ | (0.8) |  |  | $ | (1,708.1) |
Other comprehensive income (loss) before reclassifications | (3.1) |  |  | (224.3) |  |  | 3.4 |  |  | (224.0) |
Net losses reclassified from accumulated other comprehensive loss | 22.9 |  |  | — |  |  | 6.3 |  |  | 29.2 |
Other comprehensive income (loss) | 19.8 |  |  | (224.3) |  |  | 9.7 |  |  | (194.8) |
Accumulated other comprehensive loss, December 31, 2024 | $ | (218.8) |  |  | $ | (1,693.0) |  |  | $ | 8.9 |  |  | $ | (1,902.9) |
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation for the years ended December 31, 2024, 2023 and 2022 (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, 2024(1) |  | Year ended December 31, 2023(1) |  | Year ended December 31, 2022(1) |
Derivatives: |  |  |  |  |  |  |  |
Net losses on foreign currency contracts |  | $ | 6.7 |  |  | $ | 11.1 |  |  | $ | 14.5 |  |  | Cost of goods sold
Net losses on commodity contracts |  | 0.3 |  |  | 0.1 |  |  | 4.7 |  |  | Cost of goods sold
Net gains on treasury rate locks |  | (0.7) |  |  | — |  |  | — |  |  | Interest expense, net
Reclassification before tax |  | 6.3 |  |  | 11.2 |  |  | 19.2 |  |  |
Income tax benefit |  | — |  |  | (2.2) |  |  | (5.1) |  |  | Income tax provision
Reclassification net of tax |  | $ | 6.3 |  |  | $ | 9.0 |  |  | $ | 14.1 |  |  |
Defined pension and postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of net actuarial losses |  | $ | 10.5 |  |  | $ | 9.4 |  |  | $ | 8.7 |  |  | Other expense, net(2)
Amortization of prior service cost |  | 1.5 |  |  | 1.7 |  |  | 0.2 |  |  | Other expense, net(2)
Net loss recognized due to settlement |  | 18.8 |  |  | — |  |  | — |  |  | Other expense, net(2)
Reclassification before tax |  | 30.8 |  |  | 11.1 |  |  | 8.9 |  |  |
Income tax benefit |  | (7.9) |  |  | (2.8) |  |  | (2.5) |  |  | Income tax provision
Reclassification net of tax |  | $ | 22.9 |  |  | $ | 8.3 |  |  | $ | 6.4 |  |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 29.2 |  |  | $ | 17.3 |  |  | $ | 20.5 |  |  |
____________________________________ (1) Losses (Gains) included within the Consolidated Statements of Operations for the years ended December 31, 2024 and 2023, respectively. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. Refer to Note 20 of the Company’s Consolidated Financial Statements.

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