XML 82 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100
Investment Based On:
Year
Summary
Compensation
Table Total for
PEO ($)(1)
Compensation
Actually Paid to
PEO ($)(1)
Average Summary
Compensation Table
Total for Non-PEO
NEO ($)(1)
Average
Compensation
Actually Paid to
Non-PEO NEO
($)(1)
Total
Shareholder
Return
($)(1)
Peer Group
Total
Shareholder
Return ($)(1)(2)
Net Income
($)(1)
Company-Selected
Measure (Adjusted
Operating Margin)
(%)(3)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
2024(4)
14,722,878 (7,601,858)2,400,750 (9,520)143.46 105.90 (424.8)9.2 %
2023(4)
17,271,266 17,672,602 3,122,065 3,402,833 180.19 119.43 1,171.4 12.0 %
2022(4)
13,350,453 25,100,778 3,122,828 4,771,244 195.59130.62889.6 10.3 %
2021(4)
11,181,748 11,598,468 2,857,547 2,484,180 156.50142.11897.0 9.1 %
2020(4)
13,852,298 14,460,470 4,375,062 5,958,183 134.77114.59427.17.0 %
        
Company Selected Measure Name Adjusted operating margin        
Named Executive Officers, Footnote Martin H. Richenhagen was the Company’s PEO for the year ended December 31, 2020. Eric P. Hansotia was the Company’s PEO for the years ended December 31, 2021, 2022, 2023 and 2024. The individuals comprising the Non-PEO NEOs for each year presented are noted below:
•2024 - Damon J. Audia, Robert B. Crain, Seth H. Crawford and Timothy O. Millwood
•2023 - Damon J. Audia, Robert B. Crain, Torsten R.W. Dehner and Luis F.S. Felli
•2022 - Damon J. Audia, Andrew H. Beck, Robert B. Crain, Torsten R.W. Dehner and Hans-Bernd Veltmaat
•2021 - Andrew H. Beck, Robert B. Crain, Torsten R.W. Dehner and Hans-Bernd Veltmaat
•2020 - Andrew H. Beck, Robert B. Crain, Eric P. Hansotia and Hans-Bernd Veltmaat
        
Peer Group Issuers, Footnote The Peer Group Total Shareholder Return is defined as the MVIS Global Agribusiness Index.        
PEO Total Compensation Amount $ 14,722,878 $ 17,271,266 $ 13,350,453 $ 11,181,748 $ 13,852,298
PEO Actually Paid Compensation Amount $ (7,601,858) 17,672,602 25,100,778 11,598,468 14,460,470
Adjustment To PEO Compensation, Footnote
PEO
OTHER NEOs
Prior FYE
Current FYE
Fiscal Year		12/31/2023
12/31/2024
2024		12/31/2023
12/31/2024
2024
Summary Compensation Table Total
$14,722,878 $2,400,750 
 - Change in Pension Value in Summary Compensation Table
(2,552,817)(196,650)
 + Pension Service Cost
764,825 111,258 
 - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
(9,916,044)(1,198,605)
 + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
4,111,134 407,447 
  + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
(7,688,230)(780,732)
 + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year that Vested during Fiscal Year
— 21,851 
  + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied during Fiscal Year
(7,043,604)(658,445)
 - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Fiscal Year
— (116,394)
Compensation Actually Paid$(7,601,858)$(9,520)
        
Non-PEO NEO Average Total Compensation Amount $ 2,400,750 3,122,065 3,122,828 2,857,547 4,375,062
Non-PEO NEO Average Compensation Actually Paid Amount $ (9,520) 3,402,833 4,771,244 2,484,180 5,958,183
Adjustment to Non-PEO NEO Compensation Footnote
PEO
OTHER NEOs
Prior FYE
Current FYE
Fiscal Year		12/31/2023
12/31/2024
2024		12/31/2023
12/31/2024
2024
Summary Compensation Table Total
$14,722,878 $2,400,750 
 - Change in Pension Value in Summary Compensation Table
(2,552,817)(196,650)
 + Pension Service Cost
764,825 111,258 
 - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
(9,916,044)(1,198,605)
 + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
4,111,134 407,447 
  + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
(7,688,230)(780,732)
 + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year that Vested during Fiscal Year
— 21,851 
  + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for which Applicable Vesting Conditions were Satisfied during Fiscal Year
(7,043,604)(658,445)
 - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions during Fiscal Year
— (116,394)
Compensation Actually Paid$(7,601,858)$(9,520)
        
Compensation Actually Paid vs. Total Shareholder Return
AGCO CORPORATION CAP VS TSR
4398046526717
02_PRO013636_legend_PEO CAP.jpg 
PEO CAP ($M)
02_PRO013636_legend_Avg NEO CAP.jpg 
Avg NEO CAP ($M)
02_PRO013636_legend_Net Income.jpg 
AGCO TSR
02_PRO013636_legend_mvisGlobal.jpg 
MVIS Global Agribusiness Index TSR
        
Compensation Actually Paid vs. Net Income
AGCO CORPORATION CAP VS NET INCOME
28587302332534
02_PRO013636_legend_PEO CAP.jpg 
PEO CAP ($M)
02_PRO013636_legend_Avg NEO CAP.jpg 
Avg NEO CAP ($M)
02_PRO013636_legend_Net Income.jpg 
Net Income ($M)
        
Compensation Actually Paid vs. Company Selected Measure
AGCO CORPORATION CAP VS ADJUSTED OPERATING MARGIN
28587302332550
02_PRO013636_legend_PEO CAP.jpg 
PEO CAP ($M)
02_PRO013636_legend_Avg NEO CAP.jpg 
Avg NEO CAP ($M)
02_PRO013636_legend_Net Income.jpg 
Adjusted Operating Margin
        
Total Shareholder Return Vs Peer Group
AGCO CORPORATION CAP VS TSR
4398046526717
02_PRO013636_legend_PEO CAP.jpg 
PEO CAP ($M)
02_PRO013636_legend_Avg NEO CAP.jpg 
Avg NEO CAP ($M)
02_PRO013636_legend_Net Income.jpg 
AGCO TSR
02_PRO013636_legend_mvisGlobal.jpg 
MVIS Global Agribusiness Index TSR
        
Tabular List, Table
Most Important Company Performance Measures for Determining NEO Compensation
Adjusted operating margin(1)
RONA(1)
Revenue growth
        
Total Shareholder Return Amount $ 143.46 180.19 195.59 156.50 134.77
Peer Group Total Shareholder Return Amount 105.90 119.43 130.62 142.11 114.59
Net Income (Loss) $ (424,800,000) $ 1,171,400,000 $ 889,600,000 $ 897,000,000.0 $ 427,100,000
Company Selected Measure Amount 0.092 0.120 0.103 0.091 0.070
PEO Name Eric P. Hansotia Eric P. Hansotia Eric P. Hansotia Eric P. Hansotia Martin H. Richenhagen
Additional 402(v) Disclosure All balances are whole numbers except for net income, which are in millions.Adjusted operating margin and RONA are non-GAAP measures, and a reconciliation is provided to the closest U.S. GAAP measure at the end of this proxy statement. The reconciliation does not account for the exclusion of the results of the PTx Trimble joint venture, which are described in the 2024 Annual Incentive Payouts section in the “Compensation Discussion and Analysis.”        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted operating margin(1)        
Non-GAAP Measure Description Adjusted operating margin is a non-GAAP measure, and a reconciliation is provided to the closest U.S. GAAP measure at the end of this proxy statement. For 2024, 8.9% represents what our adjusted operating margin would have been before any adjustments related to the PTx Trimble joint venture. As a result of the Company’s Talent and Compensation Committee’s determination that the results related to the PTx Trimble joint venture in the first year of acquisition should be excluded from the calculation, the adjusted operating margin metric that was attained for purposes of our AIP in 2024 was 9.2%. The exclusion is further described in the 2024 Annual Incentive Payouts section in the “Compensation Discussion and Analysis.”        
Measure:: 2          
Pay vs Performance Disclosure          
Name RONA(1)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Revenue growth        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (2,552,817)        
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 764,825        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (9,916,044)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,111,134        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,688,230)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,043,604)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (196,650)        
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 111,258        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,198,605)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 407,447        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (780,732)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 21,851        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (658,445)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (116,394)