Changes in Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

The following table sets forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the six months ended June 30, 2016 (in millions):



	Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Noncontrolling Interests		Total Stockholders’ Equity
Balance, December 31, 2015	$	0.8	$	301.7		$	3,996.0		$	(1,460.2	)	$	45.0	$	2,883.3
Stock compensation	—		11.4			—			—			—		11.4
Issuance of RSUs	—		(0.9		)	—			—			—		(0.9		)
SSARs exercised	—		(0.7		)	—			—			—		(0.7		)
Comprehensive income:
Net income	—		—			58.1			—			1.5		59.6
Other comprehensive income, net of reclassification adjustments:
Foreign currency translation adjustments	—		—			—			160.8			0.8		161.6
Defined benefit pension plans, net of tax	—		—			—			5.1			—		5.1
Unrealized loss on derivatives, net of tax	—		—			—			(6.8		)	—		(6.8		)
Payment of dividends to stockholders	—		—			(21.6		)	—			—		(21.6		)
Purchases and retirement of common stock	—		(120.0		)	—			—			—		(120.0		)
Investment by noncontrolling interest	—		—			—			—			11.8		11.8
Balance, June 30, 2016	$	0.8	$	191.5		$	4,032.5		$	(1,301.1	)	$	59.1	$	2,982.8

Schedule of Comprehensive Income (Loss)

Total comprehensive (loss) income attributable to noncontrolling interests for the three and six months ended June 30, 2016 and 2015 was as follows (in millions):



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016		2015
Net (loss) income	$	(0.9	)	$	(1.5	)	$	1.5	$	(1.7	)
Other comprehensive income:
Foreign currency translation adjustments	0.8			0.7			0.8		0.8
Total comprehensive (loss) income	$	(0.1	)	$	(0.8	)	$	2.3	$	(0.9	)

Summary of Accumulated Other Comprehensive (Loss) Income

The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2016 (in millions):



	Defined Benefit Pension Plans			Deferred Net (Losses) Gains on Derivatives			Cumulative Translation Adjustment			Total
Accumulated other comprehensive loss, December 31, 2015	$	(249.0	)	$	(2.0	)	$	(1,209.2	)	$	(1,460.2	)
Other comprehensive (loss) income before reclassifications	—			(7.7		)	160.8			153.1
Net losses reclassified from accumulated other comprehensive loss	5.1			0.9			—			6.0
Other comprehensive income (loss), net of reclassification adjustments	5.1			(6.8		)	160.8			159.1
Accumulated other comprehensive loss, June 30, 2016	$	(243.9	)	$	(8.8	)	$	(1,048.4	)	$	(1,301.1	)

The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the six months ended June 30, 2016 (in millions):



	Before-Tax Amount			Income Tax			After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2015	$	(336.6	)	$	(87.6	)	$	(249.0	)
Amortization of net actuarial loss	5.3			0.8			4.5
Amortization of prior service cost	0.6			—			0.6
Accumulated other comprehensive loss as of June 30, 2016	$	(330.7	)	$	(86.8	)	$	(243.9	)

Reclassification Out Of Accumulated Other Comprehensive Loss

The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2016 and 2015 (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	Six months ended June 30, 2016 ⁽¹⁾			Six months ended June 30, 2015 ⁽¹⁾
Derivatives:
Net losses on foreign currency contracts	$	—		$	1.2		Cost of goods sold
Net losses on interest rate swap contracts	0.9			—			Interest expense, net
Reclassification before tax	0.9			1.2
	—			(0.1		)	Income tax provision
Reclassification net of tax	$	0.9		$	1.1

Defined benefit pension plans:
Amortization of net actuarial loss	$	5.3		$	5.6		⁽²⁾
Amortization of prior service cost	0.6			0.3			⁽²⁾
Reclassification before tax	5.9			5.9
	(0.8		)	(1.5		)	Income tax provision
Reclassification net of tax	$	5.1		$	4.4

Net losses reclassified from accumulated other comprehensive loss	$	6.0		$	5.5

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(1) Losses included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2016 and 2015.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 to the Company’s Condensed Consolidated Financial Statements.

The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the three months ended June 30, 2016 and 2015 (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, 2016 ⁽¹⁾			Three months ended June 30, 2015 ⁽¹⁾
Derivatives:
Net losses on foreign currency contracts	$	—		$	0.9		Cost of goods sold
Net losses on interest rate swap contracts	0.5			—			Interest expense, net
Reclassification before tax	0.5			0.9
	0.2			(0.1		)	Income tax benefit (provision)
Reclassification net of tax	$	0.7		$	0.8

Defined benefit pension plans:
Amortization of net actuarial loss	$	2.7		$	2.8		⁽²⁾
Amortization of prior service cost	0.3			0.2			⁽²⁾
Reclassification before tax	3.0			3.0
	(0.1		)	(0.8		)	Income tax provision
Reclassification net of tax	$	2.9		$	2.2

Net losses reclassified from accumulated other comprehensive loss	$	3.6		$	3.0

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(1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2016 and 2015.