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Stockholders' Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
    The following tables set forth changes in redeemable noncontrolling interests and stockholders’ equity attributed to AGCO Corporation and to noncontrolling interests for the three months ended March 31, 2025 and 2024 (in millions):

Redeemable Noncontrolling Interests
Common
Stock		Additional
Paid-in Capital		Retained
Earnings		Accumulated Other
Comprehensive Loss		Total Stockholders’
Equity
Balance, December 31, 2024$300.1 $0.7 $— $5,645.0 $(1,902.9)$3,742.8 
Stock compensation— — 6.2 — — 6.2 
Issuance of stock awards
— — (5.5)(4.3)— (9.8)
Comprehensive income (loss):
Net income (loss)(1.8)— — 10.5 — 10.5 
Other comprehensive income (loss):
Foreign currency translation adjustments
1.5 — — — 80.7 80.7 
Defined pension and postretirement benefit plans, net of tax
— — — — 1.9 1.9 
Deferred gains and losses on derivatives, net of tax
— — — — (1.3)(1.3)
Payment of dividends to stockholders— — — (21.6)— (21.6)
Balance, March 31, 2025$299.8 $0.7 $0.7 $5,629.6 $(1,821.6)$3,809.4 

Common
Stock		Additional
Paid-in Capital		Retained
Earnings		Accumulated Other
Comprehensive Loss		Noncontrolling
Interests		Total Stockholders’
Equity
Balance, December 31, 2023$0.7 $4.1 $6,360.0 $(1,708.1)$0.1 $4,656.8 
Stock compensation— 8.4 — — — 8.4 
Issuance of stock awards
— (12.4)(0.5)— — (12.9)
SSARs exercised— (0.1)— — — (0.1)
Comprehensive income:
Net income
— — 168.0 — — 168.0 
Other comprehensive income (loss):
Foreign currency translation adjustments
— — — (52.0)— (52.0)
Defined pension and postretirement benefit plans, net of tax
— — — 1.7 — 1.7 
Deferred gains and losses on derivatives, net of tax
— — — 6.9 — 6.9 
Payment of dividends to stockholders
— — (21.6)— — (21.6)
Balance, March 31, 2024$0.7 $— $6,505.9 $(1,751.5)$0.1 $4,755.2 
    The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation for the three months ended March 31, 2025 (in millions):

Defined Pension and Postretirement Benefit Plans
Deferred Gains and Losses on Derivatives
Cumulative Translation AdjustmentTotal
Accumulated other comprehensive loss,
December 31, 2024
$(218.8)$8.9 $(1,693.0)$(1,902.9)
Other comprehensive income before reclassifications
— 0.4 80.7 81.1 
Net losses (gains) reclassified from accumulated other comprehensive loss
1.9 (1.7)— 0.2 
Other comprehensive income (loss)
1.9 (1.3)80.7 81.3 
Accumulated other comprehensive loss,
March 31, 2025
$(216.9)$7.6 $(1,612.3)$(1,821.6)

    The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation for the three months ended March 31, 2025 and 2024 (in millions):

Amount Reclassified from Accumulated Other Comprehensive LossAffected Line Item within the Condensed Consolidated
Statements of Operations
Details about Accumulated Other Comprehensive Loss Components
Three Months Ended March 31, 2025(1)
Three Months Ended March 31, 2024(1)
Derivatives:
Net losses (gains) on foreign currency contracts
$(2.3)$2.6 Cost of goods sold
Net gains on treasury rate locks
(0.2)— 
Interest expense, net
Reclassification before tax(2.5)2.6 
Income tax expense (benefit)
0.8 (0.3)Income tax provision
Reclassification net of tax$(1.7)$2.3 
Defined pension and postretirement benefit plans:
Amortization of net actuarial losses$2.1 $2.2 
Other expense, net(2)
Amortization of prior service cost0.5 0.4 
Other expense, net(2)
Reclassification before tax2.6 2.6 
Income tax benefit
(0.7)(0.9)Income tax provision
Reclassification net of tax$1.9 $1.7 
Net losses reclassified from accumulated other comprehensive loss$0.2 $4.0 
____________________________________
(1)    Losses (Gains) included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024, respectively.
(2)    These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. Refer to Note 15 for additional information.
Share Repurchase Program

    In November 2024, the Company entered into an accelerated share repurchase (“ASR”) agreement with a financial institution to repurchase $22.0 million of shares of its common stock. The Company received approximately 228,969 shares associated with the completion of this transaction as of December 31, 2024. In November 2023, the Company entered into an ASR agreement with a financial institution to repurchase $53.0 million of shares of its common stock. The Company received approximately 371,669 shares associated with this transaction as of December 31, 2023. In January 2024, the Company received an additional 82,883 shares upon final settlement of its November 2023 ASR agreement. All shares received under the ASR agreement were retired upon receipt, and the excess of the purchase price over par value per share was recorded to a combination of “Additional paid-in capital” and “Retained earnings” within the Company’s Condensed Consolidated Balance Sheets. During the three months ended March 31, 2025, the Company did not purchase any shares directly or enter into any accelerated share repurchase agreements.

    As of March 31, 2025, the remaining amount authorized to be repurchased under board-approved share repurchase authorizations was approximately $35.0 million, which has no expiration date.

Dividends

    During the three months ended March 31, 2025 and 2024, the Company declared and paid cash dividends of $0.29 and $0.29 per common share, respectively. On April 24, 2025, the Company's Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on June 16, 2025, to all stockholders of record as of the close of business on May 15, 2025.