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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of 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 and six months ended June 30, 2025 and 2024 (in millions):
| Redeemable Noncontrolling Interests |  | Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  |  |  | Total Stockholders’ Equity
Balance, March 31, 2025 | $ | 299.8 |  |  | $ | 0.7 |  |  | $ | 0.7 |  |  | $ | 5,629.6 |  |  | $ | (1,821.6) |  |  |  |  | $ | 3,809.4 |
Stock compensation | — |  |  | — |  |  | 9.6 |  |  | — |  |  | — |  |  |  |  | 9.6 |
Issuance of stock awards | — |  |  | — |  |  | (0.3) |  |  | (0.1) |  |  | — |  |  |  |  | (0.4) |
Comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | (0.4) |  |  | — |  |  | — |  |  | 314.8 |  |  | — |  |  |  |  | 314.8 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 4.9 |  |  | — |  |  | — |  |  | — |  |  | 53.3 |  |  |  |  | 53.3 |
Defined pension and postretirement benefit plans, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 2.0 |  |  |  |  | 2.0 |
Deferred gains and losses on derivatives, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 1.5 |  |  |  |  | 1.5 |
Payment of dividends to stockholders | — |  |  | — |  |  | — |  |  | (21.7) |  |  | — |  |  |  |  | (21.7) |
Balance, June 30, 2025 | $ | 304.3 |  |  | $ | 0.7 |  |  | $ | 10.0 |  |  | $ | 5,922.6 |  |  | $ | (1,764.8) |  |  |  |  | $ | 4,168.5 |
| 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 | — |  |  | — |  |  | 15.8 |  |  | — |  |  | — |  |  |  |  | 15.8 |
Issuance of stock awards | — |  |  | — |  |  | (5.8) |  |  | (4.4) |  |  | — |  |  |  |  | (10.2) |
Comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | (2.2) |  |  | — |  |  | — |  |  | 325.3 |  |  | — |  |  |  |  | 325.3 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 6.4 |  |  | — |  |  | — |  |  | — |  |  | 134.0 |  |  |  |  | 134.0 |
Defined pension and postretirement benefit plans, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 3.9 |  |  |  |  | 3.9 |
Deferred gains and losses on derivatives, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 0.2 |  |  |  |  | 0.2 |
Payment of dividends to stockholders | — |  |  | — |  |  | — |  |  | (43.3) |  |  | — |  |  |  |  | (43.3) |
Balance, June 30, 2025 | $ | 304.3 |  |  | $ | 0.7 |  |  | $ | 10.0 |  |  | $ | 5,922.6 |  |  | $ | (1,764.8) |  |  |  |  | $ | 4,168.5 |
| Redeemable Noncontrolling Interests |  | Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Noncontrolling Interests |  | Total Stockholders’ Equity
Balance, March 31, 2024 | $ | — |  |  | $ | 0.7 |  |  | $ | — |  |  | $ | 6,505.9 |  |  | $ | (1,751.5) |  |  | $ | 0.1 |  |  | $ | 4,755.2 |
Stock compensation | — |  |  | — |  |  | 6.4 |  |  | — |  |  | — |  |  | — |  |  | 6.4 |
Issuance of stock awards | — |  |  | — |  |  | (0.3) |  |  | 0.1 |  |  | — |  |  | — |  |  | (0.2) |
Comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss | (1.8) |  |  | — |  |  | — |  |  | (367.1) |  |  | — |  |  | — |  |  | (367.1) |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (1.0) |  |  | — |  |  | — |  |  | — |  |  | (135.1) |  |  | — |  |  | (135.1) |
Defined pension and postretirement benefit plans, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 1.9 |  |  | — |  |  | 1.9 |
Deferred gains and losses on derivatives, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | (2.0) |  |  | — |  |  | (2.0) |
Payment of dividends to stockholders | — |  |  | — |  |  | — |  |  | (208.3) |  |  | — |  |  | — |  |  | (208.3) |
Equity transaction associated with JCA noncontrolling interest (Note 2) | — |  |  | — |  |  | 3.1 |  |  | — |  |  | — |  |  | — |  |  | 3.1 |
Initial fair value of redeemable noncontrolling interests (Note 2) | 499.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Investment by redeemable noncontrolling interest (Note 2) | 8.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance, June 30, 2024 | $ | 504.7 |  |  | $ | 0.7 |  |  | $ | 9.2 |  |  | $ | 5,930.6 |  |  | $ | (1,886.7) |  |  | $ | 0.1 |  |  | $ | 4,053.9 |
| Redeemable Noncontrolling Interests |  | 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 | — |  |  | — |  |  | 14.8 |  |  | — |  |  | — |  |  | — |  |  | 14.8 |
Issuance of stock awards | — |  |  | — |  |  | (12.7) |  |  | (0.4) |  |  | — |  |  | — |  |  | (13.1) |
SSARs exercised | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |  |  | — |  |  | (0.1) |
Comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss | (1.8) |  |  | — |  |  | — |  |  | (199.1) |  |  | — |  |  | — |  |  | (199.1) |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (1.0) |  |  | — |  |  | — |  |  | — |  |  | (187.1) |  |  | — |  |  | (187.1) |
Defined pension and postretirement benefit plans, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Deferred gains and losses on derivatives, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 4.9 |  |  | — |  |  | 4.9 |
Payment of dividends to stockholders | — |  |  | — |  |  | — |  |  | (229.9) |  |  | — |  |  | — |  |  | (229.9) |
Equity transaction associated with JCA noncontrolling interest (Note 2) | — |  |  | — |  |  | 3.1 |  |  | — |  |  | — |  |  | — |  |  | 3.1 |
Initial fair value of redeemable noncontrolling interests (Note 2) | 499.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Investment by redeemable noncontrolling interest (Note 2) | 8.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance, June 30, 2024 | $ | 504.7 |  |  | $ | 0.7 |  |  | $ | 9.2 |  |  | $ | 5,930.6 |  |  | $ | (1,886.7) |  |  | $ | 0.1 |  |  | $ | 4,053.9 |
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 six months ended June 30, 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 | — |  |  | 3.1 |  |  | 134.0 |  |  | 137.1 |
Net losses (gains) reclassified from accumulated other comprehensive loss | 3.9 |  |  | (2.9) |  |  | — |  |  | 1.0 |
Other comprehensive income | 3.9 |  |  | 0.2 |  |  | 134.0 |  |  | 138.1 |
Accumulated other comprehensive loss, June 30, 2025 | $ | (214.9) |  |  | $ | 9.1 |  |  | $ | (1,559.0) |  |  | $ | (1,764.8) |
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | The following tables set forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation for the three and six months ended June 30, 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 June 30, 2025(1) |  | Three Months Ended June 30, 2024(1) |
Derivatives: |  |  |  |  |  |
Net losses (gains) on foreign currency contracts |  | $ | (1.4) |  |  | $ | 1.6 |  |  | Cost of goods sold
Net losses on commodity contracts |  | — |  |  | 0.2 |  |  | Cost of goods sold
Net gains on treasury rate locks |  | (0.2) |  |  | (0.3) |  |  | Interest expense, net
Reclassification before tax |  | (1.6) |  |  | 1.5 |  |  |
Income tax expense |  | 0.4 |  |  | — |  |  | Income tax provision
Reclassification net of tax |  | $ | (1.2) |  |  | $ | 1.5 |  |  |
Defined pension and postretirement benefit plans: |  |  |  |  |  |
Amortization of net actuarial losses |  | $ | 2.2 |  |  | $ | 2.2 |  |  | Other expense, net(2)
Amortization of prior service cost |  | 0.5 |  |  | 0.4 |  |  | Other expense, net(2)
Reclassification before tax |  | 2.7 |  |  | 2.6 |  |  |
Income tax benefit |  | (0.7) |  |  | (0.7) |  |  | Income tax provision
Reclassification net of tax |  | $ | 2.0 |  |  | $ | 1.9 |  |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 0.8 |  |  | $ | 3.4 |  |  |
____________________________________ (1) Losses (Gains) included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 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.
|  | Amount Reclassified from Accumulated Other Comprehensive Loss |  | Affected Line Item within the Condensed Consolidated Statements of Operations
Details about Accumulated Other Comprehensive Loss Components |  | Six Months Ended June 30, 2025(1) |  | Six Months Ended June 30, 2024(1) |
Derivatives: |  |  |  |  |  |
Net losses (gains) on foreign currency contracts |  | $ | (3.7) |  |  | $ | 4.2 |  |  | Cost of goods sold
Net losses on commodity contracts |  | — |  |  | 0.2 |  |  | Cost of goods sold
Net gains on treasury rate locks |  | (0.4) |  |  | (0.3) |  |  | Interest expense, net
Reclassification before tax |  | (4.1) |  |  | 4.1 |  |  |
Income tax expense (benefit) |  | 1.2 |  |  | (0.3) |  |  | Income tax provision
Reclassification net of tax |  | $ | (2.9) |  |  | $ | 3.8 |  |  |
Defined pension and postretirement benefit plans: |  |  |  |  |  |
Amortization of net actuarial losses |  | $ | 4.3 |  |  | $ | 4.4 |  |  | Other expense, net(2)
Amortization of prior service cost |  | 1.0 |  |  | 0.8 |  |  | Other expense, net(2)
Reclassification before tax |  | 5.3 |  |  | 5.2 |  |  |
Income tax benefit |  | (1.4) |  |  | (1.6) |  |  | Income tax provision
Reclassification net of tax |  | $ | 3.9 |  |  | $ | 3.6 |  |  |
Net losses reclassified from accumulated other comprehensive loss |  | $ | 1.0 |  |  | $ | 7.4 |  |  |
____________________________________ (1) Losses (Gains) included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 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.

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