XML 169 R107.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions, SFr in Millions, $ in Millions |  |  | 12 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Nov. 04, 2024 USD ($) | Mar. 28, 2024 USD ($) | Dec. 31, 2023 USD ($) | Jan. 29, 2028 USD ($) | Jan. 29, 2028 EUR (€) | Dec. 31, 2024 USD ($) | Nov. 04, 2024 EUR (€) | Nov. 04, 2024 CHF (SFr) | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($)
Deferred gains and losses on derivatives |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
AOCI including portion attributable to noncontrolling interest, before tax |  |  | $ 1.3 |  |  | $ (11.7) |  |  |  | $ 1.0 | $ 0.5
Foreign Currency Contracts: | Deferred gains and losses on derivatives |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
AOCI including portion attributable to noncontrolling interest, before tax |  |  |  |  |  | 2.0 |  |  |  |  |
Foreign Currency Contracts: | Derivative instruments not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 3,125.1 |  |  | 3,231.2 |  |  |  |  |
Foreign Currency Contracts: | Cash flow hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 262.2 |  |  | 356.7 |  |  |  | 364.8 |
Commodity contracts | Cash flow hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 2.5 |  |  | 0.0 |  |  |  | $ 0.9 |
Treasury Rate Locks | Cash flow hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss), cash flow hedge, gain, before reclassification and tax |  | $ 8.2 |  |  |  |  |  |  |  |  |
Cross currency interest rate contract, payment | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | $ 277.4 |  |  |  |  | 257.3 |  |  |  |  |
Cross currency interest rate contract, payment | Net investment hedging | Derivative instruments designated as hedging instruments | Forecast |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | € |  |  |  |  | € 247.9 |  |  |  |  |  |
Cross currency interest rate contract, receipt | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | 300.0 |  |  |  |  |  |  |  |  |  |
Gain recognized in other comprehensive loss | 22.6 |  |  |  |  |  |  |  |  |  |
Cross currency interest rate contract, receipt | Net investment hedging | Derivative instruments designated as hedging instruments | Forecast |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  | $ 300.0 |  |  |  |  |  |  |
Cross currency swap contracts | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | 600.0 |  |  |  |  |  |  |  |  |  |
Cross Currency Interest Rate Contract One | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | $ 200.0 |  |  |  |  |  |  |  |  |  |
Term of contract | 3 years |  |  |  |  |  |  |  |  |  |
Cross Currency Interest Rate Contract Two | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | $ 200.0 |  |  |  |  |  |  |  |  |  |
Term of contract | 5 years |  |  |  |  |  |  |  |  |  |
Cross Currency Interest Rate Contract Three | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | $ 200.0 |  |  |  |  |  |  |  |  |  |
Term of contract | 7 years |  |  |  |  |  |  |  |  |  |
Cross Currency Swap, Payment | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  |  | € 385.5 | SFr 155.5 |  |  |
Cross Currency Swap, Payment | Net investment hedging | Derivative instruments designated as hedging instruments | Euro |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  | 400.1 |  |  |  |  |
Cross Currency Swap, Payment | Net investment hedging | Derivative instruments designated as hedging instruments | Swiss Francs |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  |  |  |  | $ 171.9 |  |  |  |  |
Cross Currency Swap, Receipt | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount | $ 600.0 |  |  |  |  |  |  |  |  |  |
Foreign currency denominated debt | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Loss recognized in accumulated other comprehensive loss, after-tax amount |  |  | $ 3.1 |  |  |  |  |  |  |  |
Foreign currency denominated debt | Net investment hedging | Derivative instruments designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
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 of gain (loss) recognized in other comprehensive income from derivative asset (liability) after deduction of derivative liability (asset), measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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: | 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_CrossCurrencySwapTrancheOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | srt_CurrencyAxis=currency_EUR
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=currency_CHF
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=agco_CrossCurrencySwapReceiptMember
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: |