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Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2017
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 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
)
Pension Plan [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 three months ended March 31, 2017 and 2016 are set forth below (in millions):
 
 
Three Months Ended March 31,
Pension benefits
 
2017
 
2016
Service cost
 
$
4.2

 
$
4.1

Interest cost
 
5.0

 
6.4

Expected return on plan assets
 
(8.7
)
 
(10.2
)
Amortization of net actuarial loss
 
3.0

 
2.6

Amortization of prior service cost
 
0.3

 
0.3

Net periodic pension cost
 
$
3.8

 
$
3.2
Postretirement Benefits [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net Pension And Postretirement Cost
 
 
Three Months Ended March 31,
Postretirement benefits
 
2017
 
2016
Interest cost
 
$
0.4

 
$
0.4

Amortization of prior service cost
 
0.1

 
—

Net periodic postretirement benefit cost
 
$
0.5

 
$
0.4