Changes in Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

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 three months ended March 31, 2017 (in millions):



	Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Noncontrolling Interests		Total Stockholders’ Equity
Balance, December 31, 2016	$	0.8	$	103.3		$	4,113.6		$	(1,441.6	)	$	61.1	$	2,837.2
Stock compensation	—		13.7			—			—			—		13.7
Issuance of stock awards	—		(2.1		)	—			—			—		(2.1		)
SSARs exercised	—		(0.9		)	—			—			—		(0.9		)
Comprehensive income:
Net (loss) income	—		—			(10.1		)	—			1.9		(8.2		)
Other comprehensive income, net of reclassification adjustments:
Foreign currency translation adjustments	—		—			—			41.1			1.6		42.7
Defined benefit pension plans, net of tax	—		—			—			2.9			—		2.9
Unrealized gain on derivatives, net of tax	—		—			—			3.3			—		3.3
Payment of dividends to stockholders	—		—			(11.1		)	—			—		(11.1		)
Investment by noncontrolling interests	—		—			—			—			0.2		0.2
Adjustment related to the adoption of ASU 2016-09	—		—			(1.7		)	—			—		(1.7		)
Balance, March 31, 2017	$	0.8	$	114.0		$	4,090.7		$	(1,394.3	)	$	64.8	$	2,876.0

Schedule of Comprehensive Income (Loss)

Total comprehensive income attributable to noncontrolling interests for the three months ended March 31, 2017 and 2016 was as follows (in millions):



	Three Months Ended March 31,
	2017		2016
Net income	$	1.9	$	2.4
Other comprehensive income:
Foreign currency translation adjustments	1.6		—
Total comprehensive income	$	3.5	$	2.4

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 three months ended March 31, 2017 (in millions):



	Defined Benefit Pension Plans			Deferred Net (Losses) Gains on Derivatives			Cumulative Translation Adjustment			Total
Accumulated other comprehensive loss, December 31, 2016	$	(304.5	)	$	(8.7	)	$	(1,128.4	)	$	(1,441.6	)
Other comprehensive income before reclassifications	—			2.0			41.1			43.1
Net losses reclassified from accumulated other comprehensive loss	2.9			1.3			—			4.2
Other comprehensive income, net of reclassification adjustments	2.9			3.3			41.1			47.3
Accumulated other comprehensive loss, March 31, 2017	$	(301.6	)	$	(5.4	)	$	(1,087.3	)	$	(1,394.3	)

The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the three months ended March 31, 2017 (in millions):



	Before-Tax Amount			Income Tax			After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2016	$	(404.8	)	$	(100.3	)	$	(304.5	)
Amortization of net actuarial losses	3.0			0.5			2.5
Amortization of prior service cost	0.4			—			0.4
Accumulated other comprehensive loss as of March 31, 2017	$	(401.4	)	$	(99.8	)	$	(301.6	)

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 three months ended March 31, 2017 and 2016 (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, 2017⁽¹⁾			Three Months Ended March 31, 2016⁽¹⁾
Derivatives:
Net losses on foreign currency contracts	$	0.7		$	—		Cost of goods sold
Net losses on interest rate contracts	0.6			0.4			Interest expense, net
Reclassification before tax	1.3			0.4
	—			(0.2		)	Income tax provision
Reclassification net of tax	$	1.3		$	0.2

Defined benefit pension plans:
Amortization of net actuarial losses	$	3.0		$	2.6		⁽²⁾
Amortization of prior service cost	0.4			0.3			⁽²⁾
Reclassification before tax	3.4			2.9
	(0.5		)	(0.7		)	Income tax provision
Reclassification net of tax	$	2.9		$	2.2

Net losses reclassified from accumulated other comprehensive loss	$	4.2		$	2.4

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(1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2017 and 2016.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 13 to the Company’s Condensed Consolidated Financial Statements.