Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

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

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 three months ended March 31, 2025 (in millions):


	Defined Pension and Postretirement Benefit Plans		Deferred Gains and Losses on Derivatives		Cumulative Translation Adjustment		Total
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)

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 three months ended March 31, 2025 and 2024 (in millions):


	Amount Reclassified from Accumulated Other Comprehensive Loss				Affected 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 cost	0.5		0.4		Other expense, net(2)
Reclassification before tax	2.6		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

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(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.