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Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Summary of Accumulated Other Comprehensive 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
)
Pension Benefits [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net Pension And Postretirement Cost
Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the six months ended June 30, 2016 and 2015 are set forth below (in millions):

 
 
Six Months Ended June 30,
Pension benefits
 
2016
 
2015
Service cost
 
$
8.2

 
$
9.3

Interest cost
 
12.8

 
15.6

Expected return on plan assets
 
(20.4
)
 
(22.2
)
Amortization of net actuarial loss
 
5.3

 
5.6

Amortization of prior service cost
 
0.5

 
0.2

Net periodic pension cost
 
$
6.4

 
$
8.5

 
 
 
 
 
Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the three months ended June 30, 2016 and 2015 are set forth below (in millions):
 
 
Three Months Ended June 30,
Pension benefits
 
2016
 
2015
Service cost
 
$
4.1

 
$
4.6

Interest cost
 
6.4

 
7.8

Expected return on plan assets
 
(10.2
)
 
(11.1
)
Amortization of net actuarial loss
 
2.7

 
2.8

Amortization of prior service cost
 
0.2

 
0.1

Net periodic pension cost
 
$
3.2

 
$
4.2
Postretirement Benefits [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net Pension And Postretirement Cost
 
 
Three Months Ended June 30,
Postretirement benefits
 
2016
 
2015
Interest cost
 
$
0.4

 
$
0.3

Amortization of prior service cost
 
0.1

 
0.1

Net periodic postretirement benefit cost
 
$
0.5

 
$
0.4

 
 
Six Months Ended June 30,
Postretirement benefits
 
2016
 
2015
Interest cost
 
$
0.8

 
$
0.7

Amortization of prior service cost
 
0.1

 
0.1

Net periodic postretirement benefit cost
 
$
0.9

 
$
0.8