AGCO (AGCO) 10-Q 7 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	AGCO CORP /DE
Entity Central Index Key	880266
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		88,052,091

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Current Assets:
Cash and cash equivalents	$338.90	$363.70
Accounts and notes receivable, net	1,027.10	963.8
Inventories, net	1,840.70	1,750.70
Deferred tax assets	206.1	217.2
Other current assets	257	232.5
Total current assets	3,669.80	3,527.90
Property, plant and equipment, net	1,389.50	1,530.40
Investment in affiliates	398.7	424.1
Deferred tax assets	23.9	25.8
Other assets	129.2	141.1
Intangible assets, net	533.3	553.8
Goodwill	1,120.10	1,192.80
Total assets	7,264.50	7,395.90
Current Liabilities:
Current portion of long-term debt	83.1	94.3
Accounts payable	770	670.2
Accrued expenses	1,064.90	1,244.10
Other current liabilities	162.8	208.3
Total current liabilities	2,080.80	2,216.90
Long-term debt, less current portion	1,424.50	997.6
Pensions and postretirement health care benefits	249.9	269
Deferred tax liabilities	230.6	238.8
Other noncurrent liabilities	170.9	176.7
Total liabilities	4,156.70	3,899
Commitments and contingencies (Note 16)
AGCO Corporation stockholders’ equity:
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2015 and 2014	0	0
Common stock; $0.01 par value, 150,000,000 shares authorized, 88,033,353 and 89,146,093 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	0.9	0.9
Additional paid-in capital	516.6	582.5
Retained earnings	3,791	3,771.60
Accumulated other comprehensive loss	-1,250.10	-906.5
Total AGCO Corporation stockholders’ equity	3,058.40	3,448.50
Noncontrolling interests	49.4	48.4
Total stockholders’ equity	3,107.80	3,496.90
Total liabilities and stockholders’ equity	$7,264.50	$7,395.90

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value, in dollars per share	$0.01	$0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value, in dollars per share	$0.01	$0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	88,033,353	89,146,093
Common stock, shares outstanding	88,033,353	89,146,093

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net sales	$1,702.60	$2,333.40
Cost of goods sold	1,354.70	1,818.50
Gross profit	347.9	514.9
Selling, general and administrative expenses	211.2	267
Engineering expenses	68.8	82.2
Restructuring and other infrequent expenses	10.6	0
Amortization of intangibles	10.5	10
Income from operations	46.8	155.7
Interest expense, net	10.2	13.9
Other expense, net	9.8	11.2
Income before income taxes and equity in net earnings of affiliates	26.8	130.6
Income tax provision	10.6	46.4
Income before equity in net earnings of affiliates	16.2	84.2
Equity in net earnings of affiliates	13.7	15
Net income	29.9	99.2
Net loss attributable to noncontrolling interests	0.2	0.4
Net income attributable to AGCO Corporation and subsidiaries	$30.10	$99.60
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic, in dollars per share	$0.34	$1.05
Diluted, in dollars per share	$0.34	$1.03
Cash dividends declared and paid per common share, in dollars per share	$0.12	$0.11
Weighted average number of common and common equivalent shares outstanding:
Basic, shares	88.8	95.3
Diluted, shares	89	96.6

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive (Loss) Income (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$29.90	$99.20
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	-344.2	38.4
Defined benefit pension plans, net of tax	2.2	1.8
Unrealized (loss) gain on derivatives, net of tax	-1.6	1.1
Other comprehensive (loss) income, net of reclassification adjustments	-343.6	41.3
Comprehensive (loss) income	-313.7	140.5
Comprehensive loss attributable to noncontrolling interests	0.1	0.7
Comprehensive (loss) income attributable to AGCO Corporation and subsidiaries	($313.60)	$141.20

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$29.90	$99.20
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	54.1	59.4
Deferred debt issuance cost amortization	0.4	0.7
Amortization of intangibles	10.5	10
Stock compensation	2.4	6.4
Equity in net earnings of affiliates, net of cash received	-12.5	-12.7
Deferred income tax provision	-2.8	4.7
Other	-0.1	0.3
Changes in operating assets and liabilities:
Accounts and notes receivable, net	-167.9	-254
Inventories, net	-239.8	-424.3
Other current and noncurrent assets	-46.4	-25.1
Accounts payable	174	70.1
Accrued expenses	-89.9	-46.5
Other current and noncurrent liabilities	2.1	0.8
Total adjustments	-315.9	-610.2
Net cash used in operating activities	-286	-511
Cash flows from investing activities:
Purchases of property, plant and equipment	-62.9	-101.2
Proceeds from sale of property, plant and equipment	0.4	1.3
Investment in unconsolidated affiliates	-5.2	0
Net cash used in investing activities	-67.7	-99.9
Cash flows from financing activities:
Proceeds from debt obligations, net	445.8	106.9
Purchases and retirement of common stock	-62.5	-290
Payment of dividends to stockholders	-10.7	-10.3
Payment of minimum tax withholdings on stock compensation	-5.7	-9.2
Conversion of convertible senior subordinated notes	0	-49.6
Net cash provided by (used in) financing activities	366.9	-252.2
Effects of exchange rate changes on cash and cash equivalents	-38	9.8
Decrease in cash and cash equivalents	-24.8	-853.3
Cash and cash equivalents, beginning of period	363.7	1,047.20
Cash and cash equivalents, end of period	$338.90	$193.90

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION
	The condensed consolidated financial statements of AGCO Corporation and its subsidiaries (the “Company” or “AGCO”) included herein have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary to present fairly the Company’s financial position, results of operations, comprehensive income and cash flows at the dates and for the periods presented. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Results for interim periods are not necessarily indicative of the results for the year.
	Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU 2015-03 amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of a deferred charge. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations and financial condition.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which supersedes existing revenue recognition guidance under current U.S. GAAP. ASU 2014-09 outlines a comprehensive, single revenue recognition model that provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers at an amount that reflects the consideration expected to be received in exchange for those goods or services. Additional disclosures will also be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The standard is effective for reporting periods beginning after December 15, 2016 using either a full retrospective or a modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations and financial condition.

Restructuring_and_Other_Infreq

Restructuring and Other Infrequent Expenses	3 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Other Infrequent Expenses	RESTRUCTURING AND OTHER INFREQUENT EXPENSES
	During the second half of 2014 and the first quarter of 2015, the Company announced and initiated several actions to rationalize employee headcount at various manufacturing facilities located in Europe, China, Brazil, Argentina and the United States, as well as various administrative offices located in Europe, Brazil, China and the United States. The aggregate headcount reduction of over 1,600 employees in 2014 and 2015 was initiated in order to reduce costs in response to softening global demand and reduced production volumes. The Company recorded approximately $46.4 million of restructuring and other infrequent expenses during 2014 associated with these rationalizations, of which approximately $44.4 million related to severance and other related costs. During 2014, the Company paid approximately $19.0 million of these costs, and as of December 31, 2014, had a remaining accrued balance of approximately $25.4 million. During the first quarter of 2015, the Company recorded an additional $10.6 million of restructuring and other infrequent expenses and paid an additional $11.8 million of severance and other related costs. The remaining $22.5 million balance of severance and other related costs accrued as of March 31, 2015, inclusive of approximately $1.7 million of negative foreign currency translation impacts, will primarily be paid during 2015 and 2016.

Stock_Compensation_Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2015
Share-based Compensation [Abstract]
Stock Compensation Plans	STOCK COMPENSATION PLANS
	The Company recorded stock compensation expense as follows for the three months ended March 31, 2015 and 2014 (in millions):
			Three Months Ended March 31,
			2015			2014
	Cost of goods sold		$	0.2		$	0.5
	Selling, general and administrative expenses		2.2			5.9
	Total stock compensation expense		$	2.4		$	6.4
	Stock Incentive Plan
	Under the Company’s 2006 Long Term Incentive Plan (the “2006 Plan”), up to 10.0 million shares of AGCO common stock may be issued. The 2006 Plan allows the Company, under the direction of the Board of Directors’ Compensation Committee, to make grants of performance shares, stock appreciation rights, restricted stock units and restricted stock awards to employees, officers and non-employee directors of the Company.
	Employee Plans
	The weighted average grant-date fair value of performance awards granted under the 2006 Plan during the three months ended March 31, 2015 and 2014 was $42.46 and $53.93, respectively.
	During the three months ended March 31, 2015, the Company granted 717,900 awards related to the three-year performance period commencing in 2015 and ending in 2017, assuming the maximum target level of performance is achieved. The compensation expense associated with all awards granted under the 2006 Plan is amortized ratably over the vesting or performance period based on the Company’s projected assessment of the level of performance that will be achieved and earned. Performance award transactions during the three months ended March 31, 2015 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan:
	Shares awarded but not earned at January 1	2,481,767
	Shares awarded	717,900
	Shares forfeited or unearned	(4,200	)
	Shares earned	—
	Shares awarded but not earned at March 31	3,195,467
	As of March 31, 2015, the total compensation cost related to unearned performance awards not yet recognized, assuming the Company’s current projected assessment of the level of performance that will be achieved and earned, was approximately $13.7 million, and the weighted average period over which it is expected to be recognized is approximately three years.
	During the three months ended March 31, 2015, the Company granted 142,150 restricted stock unit (“RSU”) awards. These awards entitle the participant to receive one share of the Company’s common stock for each RSU granted and vest one-third per year over a three-year requisite service period. Dividends will accrue on all unvested grants until the end of each vesting date within the three-year requisite service period. The compensation expense associated with these awards is being amortized ratably over the requisite service period for the awards that are expected to vest. The weighted average grant-date fair value of the RSUs granted under the 2006 Plan during the three months ended March 31, 2015 was $43.88. RSU transactions during the three months ended March 31, 2015 were as follows:
	Shares awarded but not vested at January 1	—
	Shares awarded	142,150
	Shares forfeited	(800	)
	Shares vested	—
	Shares awarded but not vested at March 31	141,350
	As of March 31, 2015, the total compensation cost related to the unvested RSUs not yet recognized was approximately $5.6 million and the weighted average period over which it is expected to be recognized is approximately three years.
	During the three months ended March 31, 2015 and 2014, the Company recorded stock compensation expense of approximately $1.3 million in both periods, associated with stock-settled appreciation rights (“SSAR”) awards. The Company estimated the fair value of the grants using the Black-Scholes option pricing model. The weighted average grant-date fair value of SSARs granted under the 2006 Plan and the weighted average assumptions under the Black-Scholes option pricing model were as follows for the three months ended March 31, 2015 and 2014:
		Three Month Ended March 31,
		2015			2014
	Weighted average grant-date fair value	$	7.41		$	13.13
	Weighted average assumptions under Black-Scholes option pricing model:
	Expected life of awards (years)	3			3
	Risk-free interest rate	0.9		%	0.9		%
	Expected volatility	25.9		%	35.7		%
	Expected dividend yield	1.1		%	0.8		%
	SSAR transactions during the three months ended March 31, 2015 were as follows:
	SSARs outstanding at January 1		1,220,824
	SSARs granted		325,200
	SSARs exercised		(26,750	)
	SSARs canceled or forfeited		(83,400	)
	SSARs outstanding at March 31		1,435,874
	SSAR price ranges per share:
	Granted	$	43.88
	Exercised		21.45-33.65
	Canceled or forfeited		56.98
	Weighted average SSAR exercise prices per share:
	Granted	$	43.88
	Exercised		24.91
	Canceled or forfeited		56.98
	Outstanding at March 31		48.94
	At March 31, 2015, the weighted average remaining contractual life of SSARs outstanding was approximately five years. As of March 31, 2015, the total compensation cost related to unvested SSARs not yet recognized was approximately $9.6 million and the weighted-average period over which it is expected to be recognized is approximately three years.
	The following table sets forth the exercise price range, number of shares, weighted average exercise price and remaining contractual life by groups of similar price as of March 31, 2015:
			SSARs Outstanding						SSARs Exercisable
	Range of Exercise Prices		Number of		Weighted Average		Weighted Average		Number of Shares	Weighted Average
			Shares		Remaining		Exercise Price			Exercise Price
					Contractual Life
					(Years)
	$21.45 – $32.01		34,875		1		$	22.47	34,875	$	22.47
	$33.65 – $43.88		445,725		5.5		$	41.18	119,800	$	33.83
	$47.89 – $63.64		955,274		4.6		$	53.52	539,552	$	52.92
			1,435,874						694,227	$	48.1
	The total fair value of SSARs vested during the three months ended March 31, 2015 was approximately $3.9 million. There were 741,647 SSARs that were not vested as of March 31, 2015. The total intrinsic value of outstanding and exercisable SSARs as of March 31, 2015 was $3.8 million and $2.5 million, respectively. The total intrinsic value of SSARs exercised during the three months ended March 31, 2015 was approximately $0.7 million. The Company realized an insignificant tax benefit from the exercise of these SSARs.
	Director Restricted Stock Grants
	The 2006 Plan provides for annual restricted stock grants of the Company’s common stock to all non-employee directors. All restricted stock grants made to the Company’s directors prior to April 24, 2014 were restricted as to transferability for a period of three years. Effective April 24, 2014, the shares granted on that date and all future grants made to the Company’s directors are restricted as to transferability for a period of one year. In the event a director departs from the Company’s Board of Directors, the non-transferability period expires immediately. The plan allows each director to have the option of forfeiting a portion of the shares awarded in lieu of a cash payment contributed to the participant’s tax withholding to satisfy the statutory minimum federal, state and employment taxes that would be payable at the time of grant. The 2015 grant was made on April 23, 2015 and equated to 22,095 shares of common stock, of which 15,711 shares of common stock were issued after shares were withheld for taxes. The Company will record stock compensation expense of approximately $1.1 million during the three months ended June 30, 2015 associated with these grants.
	As of March 31, 2015, of the 10.0 million shares reserved for issuance under the 2006 Plan, approximately 2.5 million shares were available for grant, assuming the maximum number of shares are earned related to the performance award grants discussed above.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	GOODWILL AND OTHER INTANGIBLE ASSETS
	Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2015 are summarized as follows (in millions):
		Trademarks and			Customer			Patents and			Land Use Rights			Total
		Tradenames			Relationships			Technology
	Gross carrying amounts:
	Balance as of December 31, 2014	$	123.5		$	513.8		$	94		$	9.7		$	741
	Foreign currency translation	(1.9		)	(16.4		)	(5.4		)	—			(23.7		)
	Balance as of March 31, 2015	$	121.6		$	497.4		$	88.6		$	9.7		$	717.3
		Trademarks and			Customer			Patents and			Land Use Rights			Total
		Tradenames			Relationships			Technology
	Accumulated amortization:
	Balance as of December 31, 2014	$	36.4		$	180.8		$	56.1		$	2.9		$	276.2
	Amortization expense	1.6			8			0.9			—			10.5
	Foreign currency translation	(0.4		)	(12.2		)	(5.2		)	—			(17.8		)
	Balance as of March 31, 2015	$	37.6		$	176.6		$	51.8		$	2.9		$	268.9
		Trademarks and
		Tradenames
	Indefinite-lived intangible assets:
	Balance as of December 31, 2014	$	89
	Foreign currency translation	(4.1		)
	Balance as of March 31, 2015	$	84.9
	The Company currently amortizes certain acquired intangible assets, primarily on a straight-line basis, over their estimated useful lives, which range from five to 50 years.
	Changes in the carrying amount of goodwill during the three months ended March 31, 2015 are summarized as follows (in millions):
		North			South			Europe/Africa/			Asia/			Consolidated
		America			America			Middle East			Pacific
	Balance as of December 31, 2014	$	513.6		$	169.7		$	454.6		$	54.9		$	1,192.80
	Foreign currency translation	—			(28.6		)	(42.7		)	(1.4		)	(72.7		)
	Balance as of March 31, 2015	$	513.6		$	141.1		$	411.9		$	53.5		$	1,120.10
	Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1 each fiscal year.

Indebtedness

Indebtedness	3 Months Ended
	Mar. 31, 2015
Indebtedness [Abstract]
Indebtedness	INDEBTEDNESS
	Indebtedness consisted of the following at March 31, 2015 and December 31, 2014 (in millions):
		March 31, 2015			December 31, 2014
	41/2% Senior term loan due 2016	$	214.8		$	242
	Credit facility, expiring 2019	622.2			404.4
	1.056% Senior term loan due 2020	214.8			—
	57/8% Senior notes due 2021	300			300
	Other long-term debt	155.8			145.5
		1,507.60			1,091.90
	Less: Current portion of long-term debt	(83.1		)	(94.3		)
	Total indebtedness, less current portion	$	1,424.50		$	997.6
	4 1/2% Senior Term Loan
	The Company’s €200.0 million (or approximately $214.8 million as of March 31, 2015) 41/2% senior term loan with Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank”) is due May 2, 2016. The Company has the ability to prepay the term loan before its maturity date. Interest is payable on the term loan at 41/2% per annum, payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year. The term loan contains covenants restricting, among other things, the incurrence of indebtedness and the making of certain payments, including dividends, and is subject to acceleration in the event of default. The Company also has to fulfill financial covenants with respect to a total debt to EBITDA ratio and an interest coverage ratio.
	Credit Facility
	The Company’s revolving credit and term loan facility consists of an $800.0 million multi-currency revolving credit facility and a $355.0 million term loan facility. The maturity date of the Company’s credit facility is June 28, 2019 and the Company is not required to make quarterly payments towards the term loan facility. Interest accrues on amounts outstanding under the credit facility, at the Company’s option, at either (1) LIBOR plus a margin ranging from 1.0% to 2.0% based on the Company’s leverage ratio, or (2) the base rate, which is equal to the higher of (i) the administrative agent’s base lending rate for the applicable currency, (ii) the federal funds rate plus 0.5%, and (iii) one-month LIBOR for loans denominated in US dollars plus 1.0% plus a margin ranging from 0.0% to 0.5% based on the Company’s leverage ratio. The credit facility contains covenants restricting, among other things, the incurrence of indebtedness and the making of certain payments, including dividends, and is subject to acceleration in the event of a default. The Company also has to fulfill financial covenants with respect to a total debt to EBITDA ratio and an interest coverage ratio. As of March 31, 2015, the Company had $622.2 million of outstanding borrowings under the credit facility and availability to borrow approximately $532.8 million. Approximately $267.2 million was outstanding under the multi-currency revolving credit facility and $355.0 million was outstanding under the term loan facility as of March 31, 2015. As of December 31, 2014, the Company had $404.4 million of outstanding borrowings under its credit facility and availability to borrow approximately $750.6 million. Approximately $49.4 million was outstanding under the multi-currency revolving credit facility and $355.0 million was outstanding under the term loan facility as of December 31, 2014.
	1.056% Senior Term Loan
	In December 2014, the Company entered into a term loan with the European Investment Bank, which provided the Company with the ability to borrow up to €200.0 million. The €200.0 million (or approximately $214.8 million as of March 31, 2015) of funding was received on January 15, 2015 with a maturity date of January 15, 2020. The Company has the ability to prepay the term loan before its maturity date. Interest is payable on the term loan at 1.056% per annum, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year. The term loan contains covenants restricting, among other things, the use of funds for certain research and development projects, the incurrence of indebtedness and the making of certain payments, and is subject to acceleration in the event of default. The Company also has to fulfill financial covenants with respect to a net leverage ratio and an interest coverage ratio.
	5 7/8%  Senior Notes
	The Company’s $300.0 million of 57/8% senior notes due December 1, 2021 constitute senior unsecured and unsubordinated indebtedness. Interest is payable on the notes semi-annually in arrears on June 1 and December 1 of each year. At any time prior to September 1, 2021, the Company may redeem the notes, in whole or in part from time to time, at its option, at a redemption price equal to the greater of (i) 100% of the principal amount plus accrued and unpaid interest, including additional interest, if any, to, but excluding, the redemption date, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of interest accrued to the date of redemption) discounted to the redemption date at the treasury rate plus 0.5%, plus accrued and unpaid interest, including additional interest, if any. Beginning September 1, 2021, the Company may redeem the notes, in whole or in part from time to time, at its option, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, including additional interest, if any.
	Standby Letters of Credit and Similar Instruments
	The Company has arrangements with various banks to issue standby letters of credit or similar instruments, which guarantee the Company’s obligations for the purchase or sale of certain inventories and for potential claims exposure for insurance coverage. At March 31, 2015 and December 31, 2014, outstanding letters of credit totaled $19.9 million and $18.5 million, respectively.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventories	INVENTORIES
	Inventories at March 31, 2015 and December 31, 2014 were as follows (in millions):
		March 31, 2015		December 31, 2014
	Finished goods	$	714.9	$	616.6
	Repair and replacement parts	543.8		536.4
	Work in process	163.1		130.5
	Raw materials	418.9		467.2
	Inventories, net	$	1,840.70	$	1,750.70

Product_Warranty

Product Warranty	3 Months Ended
	Mar. 31, 2015
Product Warranty [Abstract]
Product Warranty	PRODUCT WARRANTY
	The warranty reserve activity for the three months ended March 31, 2015 and 2014 consisted of the following (in millions):
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	284.6		$	294.9
	Accruals for warranties issued during the period	34			55.6
	Settlements made (in cash or in kind) during the period	(44.9		)	(46.1		)
	Foreign currency translation	(20.8		)	0.6
	Balance at March 31	$	252.9		$	305
	The Company’s agricultural equipment products are generally warranted against defects in material and workmanship for a period of one to four years. The Company accrues for future warranty costs at the time of sale based on historical warranty experience. Approximately $217.0 million and $245.7 million of warranty reserves are included in “Accrued expenses” in the Company’s Condensed Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014, respectively. Approximately $35.9 million and $38.9 million of warranty reserves are included in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014, respectively.

Net_Income_Per_Common_Share

Net Income Per Common Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income Per Common Share	NET INCOME PER COMMON SHARE
	Basic net income per common share is computed by dividing net income attributable to AGCO Corporation and its subsidiaries by the weighted average number of common shares outstanding during each period. Diluted net income per common share assumes the exercise of outstanding SSARs, vesting of performance share awards and vesting of restricted stock units when the effects of such assumptions are dilutive. A reconciliation of net income attributable to AGCO Corporation and its subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the three months ended March 31, 2015 and 2014 is as follows (in millions, except per share data):
		Three Months Ended March 31,
		2015		2014
	Basic net income per share:
	Net income attributable to AGCO Corporation and subsidiaries	$	30.1	$	99.6
	Weighted average number of common shares outstanding	88.8		95.3
	Basic net income per share attributable to AGCO Corporation and subsidiaries	$	0.34	$	1.05
	Diluted net income per share:
	Net income attributable to AGCO Corporation and subsidiaries	$	30.1	$	99.6
	Weighted average number of common shares outstanding	88.8		95.3
	Dilutive SSARs, performance share awards and restricted stock units	0.2		0.4
	Weighted average assumed conversion of contingently convertible senior subordinated notes	—		0.9
	Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	89		96.6
	Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	0.34	$	1.03
	SSARs to purchase approximately 1.3 million shares of the Company’s common stock for the three months ended March 31, 2015 and approximately 1.1 million shares of the Company’s common stock for the three months ended March 31, 2014 were outstanding but not included in the calculation of weighted average common and common equivalent shares outstanding because they had an antidilutive impact.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES
	At March 31, 2015 and December 31, 2014, the Company had approximately $122.6 million and $130.6 million, respectively, of unrecognized tax benefits, all of which would affect the Company’s effective tax rate if recognized. At March 31, 2015 and December 31, 2014, the Company had approximately $58.4 million and $64.7 million, respectively, of accrued or deferred taxes related to uncertain income tax positions connected with ongoing tax audits in various jurisdictions that it expects to settle or pay in the next 12 months. The Company accrues interest and penalties related to unrecognized tax benefits in its provision for income taxes. At March 31, 2015 and December 31, 2014, the Company had accrued interest and penalties related to unrecognized tax benefits of $14.6 million and $15.3 million, respectively.
	Generally, tax years 2009 through 2014 remain open to examination by taxing authorities in the United States and certain other foreign taxing jurisdictions.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
	All derivatives are recognized on the Company’s Condensed Consolidated Balance Sheets at fair value. On the date the derivative contract is entered into, the Company designates the derivative as either (1) a fair value hedge of a recognized liability, (2) a cash flow hedge of a forecasted transaction, (3) a hedge of a net investment in a foreign operation, or (4) a non-designated derivative instrument.
	The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategy for undertaking various hedge transactions. The Company formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flow of hedged items. When it is determined that a derivative is no longer highly effective as a hedge, hedge accounting is discontinued on a prospective basis.
	Foreign Currency Risk
	The Company has significant manufacturing operations in the United States, France, Germany, Finland and Brazil, and it purchases a portion of its tractors, combines and components from third-party foreign suppliers, primarily in various European countries and in Japan. The Company also sells products in over 140 countries throughout the world. The Company’s most significant transactional foreign currency exposures are the Euro, Brazilian real and the Canadian dollar in relation to the United States dollar and the Euro in relation to the British pound.
	The Company attempts to manage its transactional foreign exchange exposure by hedging foreign currency cash flow forecasts and commitments arising from the anticipated settlement of receivables and payables and from future purchases and sales. Where naturally offsetting currency positions do not occur, the Company hedges certain, but not all, of its exposures through the use of foreign currency contracts. The Company’s translation exposure resulting from translating the financial statements of foreign subsidiaries into United States dollars is not hedged. The Company’s most significant translation exposures are the Euro, the British pound and the Brazilian real in relation to the United States dollar and the Swiss franc in relation to the Euro. When practical, the translation impact is reduced by financing local operations with local borrowings.
	The Company’s senior management establishes the Company’s foreign currency and interest rate risk management policies. These policies are reviewed periodically by the Audit Committee of the Company’s Board of Directors. The policies allow for the use of derivative instruments to hedge exposures to movements in foreign currency and interest rates. The Company’s policies prohibit the use of derivative instruments for speculative purposes.
	The Company categorizes its assets and liabilities into one of three levels based on the assumptions used in valuing the asset or liability. See Note 14 for a discussion of the fair value hierarchy as per the guidance in Accounting Standards Codification 820, “Fair Value Measurements”. The Company’s valuation techniques are designed to maximize the use of observable inputs and minimize the use of unobservable inputs.
	Cash Flow Hedges
	During 2015 and 2014, the Company designated certain foreign currency contracts as cash flow hedges of expected future sales and purchases. The effective portion of the fair value gains or losses on these cash flow hedges were recorded in other comprehensive income (loss) and are subsequently reclassified into cost of goods sold during the period the sales and purchases are recognized. These amounts offset the effect of the changes in foreign currency rates on the related sale and purchase transactions. The amount of the net loss recorded in other comprehensive (loss) income that was reclassified into cost of goods sold during the three months ended March 31, 2015 and 2014 was approximately $0.3 million and $0.1 million, respectively, on an after-tax basis. The outstanding contracts as of March 31, 2015 range in maturity through December 2015.
	The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the three months ended March 31, 2015 (in millions):
			Before-Tax			Income			After-Tax
			Amount			Tax			Amount
	Accumulated derivative net losses as of December 31, 2014		$	(0.2	)	$	(0.1	)	$	(0.1	)
	Net changes in fair value of derivatives		(2.0		)	(0.1		)	(1.9		)
	Net losses reclassified from accumulated other comprehensive loss into income		0.3			—			0.3
	Accumulated derivative net losses as of March 31, 2015		$	(1.9	)	$	(0.2	)	$	(1.7	)
	The Company had outstanding foreign currency contracts with a notional amount of approximately $47.9 million and $23.8 million as of March 31, 2015 and December 31, 2014, respectively, that were entered into to hedge forecasted sale and purchase transactions.
	Derivative Transactions Not Designated as Hedging Instruments
	During 2015 and 2014, the Company entered into foreign currency contracts to hedge receivables and payables on the Company and its subsidiaries’ balance sheets that are denominated in foreign currencies other than the functional currency. These contracts were classified as non-designated derivative instruments.
	As of March 31, 2015 and December 31, 2014, the Company had outstanding foreign currency contracts with a notional amount of approximately $1,946.9 million and $1,810.5 million, respectively, that were entered into to hedge receivables and payables that were denominated in foreign currencies other than the functional currency. Changes in the fair value of these contracts are reported in “Other expense, net.” For the three months ended March 31, 2015 and 2014, the Company recorded a net loss of approximately $45.7 million and $1.8 million, respectively, within “Other expense, net” related to these contracts. Gains and losses on such contracts are substantially offset by losses and gains on the remeasurement of the underlying asset or liability being hedged.
	The table below sets forth the fair value of derivative instruments as of March 31, 2015 (in millions):
		Asset Derivatives as of						Liability Derivatives as of
		31-Mar-15						31-Mar-15
		Balance Sheet		Fair				Balance Sheet	Fair
		Location		Value				Location	Value
	Derivative instruments designated as hedging instruments:
	Foreign currency contracts	Other current assets		$	—			Other current liabilities	$	1.8
	Derivative instruments not designated as hedging instruments:
	Foreign currency contracts	Other current assets		12.9				Other current liabilities	22.8
	Total derivative instruments			$	12.9				$	24.6
	The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions):
		Asset Derivatives as of						Liability Derivatives as of
		December 31, 2014						December 31, 2014
		Balance Sheet		Fair				Balance Sheet	Fair
		Location		Value				Location	Value
	Derivative instruments designated as hedging instruments:
	Foreign currency contracts	Other current assets		$	—			Other current liabilities	$	0.2
	Derivative instruments not designated as hedging instruments:
	Foreign currency contracts	Other current assets		11.3				Other current liabilities	20.3
	Total derivative instruments			$	11.3				$	20.5
	Counterparty Risk
	The Company regularly monitors the counterparty risk and credit ratings of all the counterparties to the derivative instruments. The Company believes that its exposures are appropriately diversified across counterparties and that these counterparties are creditworthy financial institutions. If the Company perceives any risk with a counterparty, then the Company would cease to do business with that counterparty. There have been no negative impacts to the Company from any non-performance of any counterparties.

Changes_in_Stockholders_Equity

Changes in Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Changes in Stockholders' Equity	CHANGES IN STOCKHOLDERS’ EQUITY
	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, 2015 (in millions):
		Common				Additional				Retained			Accumulated			Noncontrolling			Total Stockholders’
		Stock				Paid-in				Earnings			Other			Interests			Equity
						Capital							Comprehensive
													Loss
	Balance, December 31, 2014	$	0.9			$	582.5			$	3,771.60		$	(906.5	)	$	48.4		$	3,496.90
	Stock compensation	—				2.4				—			—			—			2.4
	Issuance of performance award stock	—				(5.5		)		—			—			—			(5.5		)
	SSARs exercised	—				(0.3		)		—			—			—			(0.3		)
	Comprehensive income (loss):
	Net income (loss)	—				—				30.1			—			(0.2		)	29.9
	Other comprehensive loss, net of reclassification adjustments:
	Foreign currency translation adjustments	—				—				—			(344.2		)	0.1			(344.1		)
	Defined benefit pension plans, net of tax	—				—				—			2.2			—			2.2
	Unrealized loss on derivatives, net of tax	—				—				—			(1.6		)	—			(1.6		)
	Payment of dividends to stockholders	—				—				(10.7		)	—			—			(10.7		)
	Purchases and retirement of common stock	—				(62.5		)		—			—			—			(62.5		)
	Changes in noncontrolling interest	—				—				—			—			1.1			1.1
	Balance, March 31, 2015	$	0.9			$	516.6			$	3,791.00		$	(1,250.1	)	$	49.4		$	3,107.80
	Total comprehensive loss attributable to noncontrolling interests for the three months ended March 31, 2015 and to noncontrolling interests and redeemable noncontrolling interest for the three months ended March 31, 2014 was as follows (in millions):
		Three Months Ended March 31,
		2015				2014
	Net loss	$	(0.2	)		$	(0.4	)
	Other comprehensive loss:
	Foreign currency translation adjustments	0.1				(0.3		)
	Total comprehensive loss	$	(0.1	)		$	(0.7	)
	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, 2015 (in millions):
		Defined Benefit Pension Plans				Deferred Net (Losses) Gains on Derivatives				Cumulative Translation Adjustment			Total
	Accumulated other comprehensive loss, December 31, 2014	$	(253.3	)		$	(0.1	)		$	(653.1	)	$	(906.5	)
	Other comprehensive loss before reclassifications	—				(1.9		)		(344.2		)	(346.1		)
	Net losses reclassified from accumulated other comprehensive loss	2.2				0.3				—			2.5
	Other comprehensive income (loss), net of reclassification adjustments	2.2				(1.6		)		(344.2		)	(343.6		)
	Accumulated other comprehensive loss,	$	(251.1	)		$	(1.7	)		$	(997.3	)	$	(1,250.1	)
	March 31, 2015
	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, 2015 and 2014 (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, 2015 (1)				Three months ended March 31, 2014 (1)
	Net losses on cash flow hedges		$	0.3			$	0.1		Cost of goods sold
			—				—			Income tax provision
	Reclassification net of tax		$	0.3			$	0.1
	Defined benefit pension plans:
	Amortization of net actuarial loss		$	2.8			$	2.2		(2)
	Amortization of prior service cost		0.1				0.2			(2)
	Reclassification before tax		2.9				2.4
			(0.7		)		(0.6		)	Income tax provision
	Reclassification net of tax		$	2.2			$	1.8
	Net losses reclassified from accumulated other comprehensive loss		$	2.5			$	1.9
	____________________________________
	(1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014.
	(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.
	Share Repurchase Program
	In June 2012, the Company’s Board of Directors approved a share repurchase program under which the Company can repurchase up to $50.0 million of its common stock. This share repurchase program does not have an expiration date. In December 2013, the Company’s Board of Directors approved an additional share repurchase program under which the Company can repurchase up to $500.0 million of its common stock through an expiration date of June 2015. In December 2014, the Board of Directors approved a third share repurchase program under which the Company can repurchase up to $500.0 million of shares of its common stock through December 2016.
	During the three months ended March 31, 2015, the Company entered into an accelerated share repurchase (“ASR”)agreement with a financial institution to repurchase an aggregate of $62.5 million of shares of the Company’s common stock.  The Company received approximately 1,290,733 shares during the three months ended March 31, 2015 related to the ASR agreement. All shares received under the ASR agreement were retired upon receipt, and the excess of the purchase price over par value per share was recorded to “Additional paid-in capital” within the Company’s Condensed Consolidated Balance Sheets.
	Of the $1,050.0 million in approved share repurchase programs, the remaining amount authorized to be repurchased is approximately $469.2 million.

Accounts_Receivable_Sales_Agre

Accounts Receivable Sales Agreements	3 Months Ended
	Mar. 31, 2015
Accounts Receivable Sales Agreements [Abstract]
Accounts Receivable Sales Agreements	ACCOUNTS RECEIVABLE SALES AGREEMENTS
	As of March 31, 2015 and December 31, 2014, the Company had accounts receivable sales agreements that permit the sale, on an ongoing basis, of a majority of its wholesale receivables in North America and Europe to its 49% owned U.S., Canadian and European finance joint ventures. As of March 31, 2015 and December 31, 2014, the cash received from receivables sold under the U.S., Canadian and European accounts receivable sales agreements was approximately $1.1 billion and $1.2 billion, respectively.
	Under the terms of the accounts receivable agreements in North America and Europe, the Company pays an annual servicing fee related to the servicing of the receivables sold. The Company also pays the respective AGCO Finance entities a subsidized interest payment with respect to the sales agreements, calculated based upon LIBOR plus a margin on any non-interest bearing accounts receivable outstanding and sold under the sales agreements. These fees were reflected within losses on the sales of receivables included within “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations. The Company does not service the receivables after the sale occurs and does not maintain any direct retained interest in the receivables. The Company reviewed its accounting for the accounts receivable sales agreements and determined that these facilities should be accounted for as off-balance sheet transactions.
	Losses on sales of receivables associated with the accounts receivable financing facilities discussed above, reflected within “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations, were approximately $5.0 million and $7.5 million during the three months ended March 31, 2015 and 2014, respectively.
	The Company’s finance joint ventures in Brazil and Australia also provide wholesale financing to the Company’s dealers. The receivables associated with these arrangements are without recourse to the Company. The Company does not service the receivables after the sale occurs and does not maintain any direct retained interest in the receivables. As of March 31, 2015 and December 31, 2014, these finance joint ventures had approximately $26.7 million and $43.3 million, respectively, of outstanding accounts receivable associated with these arrangements. The Company reviewed its accounting for these arrangements and determined that these arrangements should be accounted for as off-balance sheet transactions.
	In addition, the Company sells certain trade receivables under factoring arrangements to other financial institutions around the world. The Company reviewed the sale of such receivables and determined that these arrangements should be accounted for as off-balance sheet transactions.

Employee_Benefit_Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS
	Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the three months ended March 31, 2015 and 2014 are set forth below (in millions):
		Three Months Ended March 31,
	Pension benefits	2015			2014
	Service cost	$	4.7		$	4.3
	Interest cost	7.8			9.4
	Expected return on plan assets	(11.1		)	(11.2		)
	Amortization of net actuarial loss	2.8			2.2
	Amortization of prior service cost	0.1			0.2
	Net periodic pension cost	$	4.3		$	4.9
		Three Months Ended March 31,
	Postretirement benefits	2015			2014
	Service cost	$	—		$	0.1
	Interest cost	0.4			0.4
	Net periodic postretirement benefit cost	$	0.4		$	0.5
	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, 2015 (in millions):
		Before-Tax			Income			After-Tax
		Amount			Tax			Amount
	Accumulated other comprehensive loss as of December 31, 2014	$	(341.5	)	$	(88.2	)	$	(253.3	)
	Amortization of net actuarial loss	2.8			0.7			2.1
	Amortization of prior service cost	0.1			—			0.1
	Accumulated other comprehensive loss as of March 31, 2015	$	(338.6	)	$	(87.5	)	$	(251.1	)
	During the three months ended March 31, 2015, approximately $8.5 million of contributions had been made to the Company’s defined pension benefit plans. The Company currently estimates its minimum contributions for 2015 to its defined pension benefit plans will aggregate approximately $35.2 million.
	During the three months ended March 31, 2015, the Company made approximately $0.5 million of contributions to its postretirement health care and life insurance benefit plans. The Company currently estimates that it will make approximately $1.5 million of contributions to its postretirement health care and life insurance benefit plans during 2015.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company categorizes its assets and liabilities into one of three levels based on the assumptions used in valuing the asset or liability. Estimates of fair value for financial assets and liabilities are based on a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. In accordance with this guidance, fair value measurements are classified under the following hierarchy:
	Level 1 - Quoted prices in active markets for identical assets or liabilities.
	Level 2 - Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations in which all significant inputs are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	Level 3 - Model-derived valuations in which one or more significant inputs are unobservable.
	The Company enters into foreign currency contracts that primarily are forward and options contracts (Note 10). The fair value of foreign currency forward contracts is based on a valuation model that discounts cash flows resulting from the differential between the contract price and the market-based forward rate. The fair value of foreign currency option contracts is based on a valuation model that utilizes spot and forward exchange rates, interest rates and currency pair volatility.
	Foreign currency contracts measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 are summarized below (in millions):
		As of March 31, 2015
		Level 1		Level 2		Level 3		Total
	Derivative assets	$	—	$	12.9	$	—	$	12.9
	Derivative liabilities	$	—	$	24.6	$	—	$	24.6
		As of December 31, 2014
		Level 1		Level 2		Level 3		Total
	Derivative assets	$	—	$	11.3	$	—	$	11.3
	Derivative liabilities	$	—	$	20.5	$	—	$	20.5
	The carrying amounts of long-term debt under the Company’s 41/2% senior term loan, credit facility and 1.056% senior term loan (Note 5) approximate fair value based on the borrowing rates currently available to the Company for loans with similar terms and average maturities. At March 31, 2015 and December 31, 2014, the estimated fair values of the Company’s 57/8% senior notes (Note 5), based on the listed market values, was $343.5 million and $337.6 million, respectively, compared to the carrying values of both of $300.0 million.

Segment_Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING
	The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income from operations for one segment may not be comparable to another segment. Segment results for the three months ended March 31, 2015 and 2014 and assets as of March 31, 2015 and December 31, 2014 based on the Company’s reportable segments are as follows (in millions):
	Three Month Ended March 31,		North			South		Europe/Africa/		Asia/			Consolidated
			America			America		Middle East		Pacific
	2015
	Net sales		$	472.5		$	249	$	908.1	$	73		$	1,702.60
	Income (loss) from operations		17.5			13.1		80.5		(12.0		)	99.1
	Depreciation		15.3			6		29.8		3			54.1
	Capital expenditures		17			6.9		29.9		9.1			62.9
	2014
	Net sales		$	647.5		$	353.6	$	1,235.90	$	96.4		$	2,333.40
	Income (loss) from operations		55.5			27.9		120.9		(1.3		)	203
	Depreciation		15			6.2		34.9		3.3			59.4
	Capital expenditures		25.2			6.3		60.7		9			101.2
	Assets
	As of March 31, 2015		$	1,106.30		$	647.5	$	2,010.80	$	368.4		$	4,133.00
	As of December 31, 2014		$	1,026.90		$	719.8	$	2,036.00	$	353.8		$	4,136.50
	A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
		Three Months Ended March 31,
		2015			2014
	Segment income from operations	$	99.1		$	203
	Corporate expenses	(29.0		)	(31.4		)
	Stock compensation expense	(2.2		)	(5.9		)
	Restructuring and other infrequent expenses	(10.6		)	—
	Amortization of intangibles	(10.5		)	(10.0		)
	Consolidated income from operations	$	46.8		$	155.7
		31-Mar-15			31-Dec-14
	Segment assets	$	4,133.00		$	4,136.50
	Cash and cash equivalents	338.9			363.7
	Receivables from affiliates	124.3			108.4
	Investments in affiliates	398.7			424.1
	Deferred tax assets, other current and noncurrent assets	616.2			616.6
	Intangible assets, net	533.3			553.8
	Goodwill	1,120.10			1,192.80
	Consolidated total assets	$	7,264.50		$	7,395.90

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES
	Off-Balance Sheet Arrangements
	Guarantees
	The Company maintains a remarketing agreement with its U.S. finance joint venture, whereby the Company is obligated to repurchase repossessed inventory at market values. The Company has an agreement with its U.S. finance joint venture which limits the Company’s purchase obligations under this arrangement to $6.0 million in the aggregate per calendar year. The Company believes that any losses that might be incurred on the resale of this equipment will not materially impact the Company’s financial position or results of operations, due to the fair value of the underlying equipment.
	At March 31, 2015, the Company guaranteed indebtedness owed to third parties of approximately $89.5 million, primarily related to dealer and end-user financing of equipment. Such guarantees generally obligate the Company to repay outstanding finance obligations owed to financial institutions if dealers or end users default on such loans through 2020. The Company believes the credit risk associated with these guarantees is not material to its financial position or results of operations. Losses under such guarantees have historically been insignificant. In addition, the Company generally would expect to be able to recover a significant portion of the amounts paid under such guarantees from the sale of the underlying financed farm equipment, as the fair value of such equipment is expected to be sufficient to offset a substantial portion of the amounts paid.
	Other
	The Company sells a majority of its wholesale receivables in North America and Europe to its 49% owned U.S., Canadian and European finance joint ventures. The Company also sells certain accounts receivable under factoring arrangements to financial institutions around the world. The Company reviewed the sale of such receivables and determined that these facilities should be accounted for as off-balance sheet transactions.
	Legal Claims and Other Matters
	On June 27, 2008, the Republic of Iraq filed a civil action in federal court in the Southern District of New York, Case No. 08 CIV 59617, naming as defendants one of the Company’s French subsidiaries and two of its other foreign subsidiaries that participated in the United Nations Oil for Food Program (the “Program”). Ninety-one other entities or companies also were named as defendants in the civil action due to their participation in the Program. The complaint purports to assert claims against each of the defendants seeking damages in an unspecified amount. On February 6, 2013, the federal court dismissed the complaint with prejudice. The federal appeals court affirmed that decision. The plaintiff has petitioned the U.S. Supreme Court for a Writ of Certiorari. Although the Company’s subsidiaries intend to vigorously defend against this action, it is not possible at this time to predict the outcome of this action or its impact, if any, on the Company, although if the outcome was adverse, the Company could be required to pay damages.
	On October 30, 2012, a third-party complaint was filed in federal court in the Southern District of Texas, Case No. 09 CIV 03884, naming as defendants one of the Company’s French subsidiaries and two of its other foreign subsidiaries. Sixty other entities or companies also were named as third-party defendants. The complaint asserts claims against the defendants, certain of which are also third-party plaintiffs, seeking unspecified damages arising from their participation in the Program. The third-party plaintiffs seek contribution from the third-party defendants. On February 12, 2014, the federal court dismissed the third-party complaint with prejudice. The third-party plaintiffs have not appealed this dismissal, but have until after the resolution of the underlying case to do so. Although the Company’s subsidiaries intend to vigorously defend against this action, it is not possible at this time to predict the outcome of the action or its impact, if any, on the Company, although if the outcome was adverse, the Company could be required to pay damages.
	In August 2008, as part of routine audits, the Brazilian taxing authorities disallowed deductions relating to the amortization of certain goodwill recognized in connection with a reorganization of the Company’s Brazilian operations and the related transfer of certain assets to the Company’s Brazilian subsidiaries. The amount of the tax disallowance through March 31, 2015, not including interest and penalties, was approximately 131.5 million Brazilian reais (or approximately $41.1 million). The amount ultimately in dispute will be greater because of interest and penalties. The Company has been advised by its legal and tax advisors that its position with respect to the deductions is allowable under the tax laws of Brazil. The Company is contesting the disallowance and believes that it is not likely that the assessment, interest or penalties will be required to be paid. However, the ultimate outcome will not be determined until the Brazilian tax appeal process is complete, which could take several years.
	The Company is a party to various other legal claims and actions incidental to its business. The Company believes that none of these claims or actions, either individually or in the aggregate, is material to its business or financial statements as a whole, including its results of operations and financial condition.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU 2015-03 amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of a deferred charge. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations and financial condition.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which supersedes existing revenue recognition guidance under current U.S. GAAP. ASU 2014-09 outlines a comprehensive, single revenue recognition model that provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers at an amount that reflects the consideration expected to be received in exchange for those goods or services. Additional disclosures will also be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The standard is effective for reporting periods beginning after December 15, 2016 using either a full retrospective or a modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations and financial condition.
Derivatives Policy	All derivatives are recognized on the Company’s Condensed Consolidated Balance Sheets at fair value. On the date the derivative contract is entered into, the Company designates the derivative as either (1) a fair value hedge of a recognized liability, (2) a cash flow hedge of a forecasted transaction, (3) a hedge of a net investment in a foreign operation, or (4) a non-designated derivative instrument.
	The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategy for undertaking various hedge transactions. The Company formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flow of hedged items. When it is determined that a derivative is no longer highly effective as a hedge, hedge accounting is discontinued on a prospective basis.

Stock_Compensation_Plans_Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2015
Share-based Compensation [Abstract]
Stock Compensation Expense	The Company recorded stock compensation expense as follows for the three months ended March 31, 2015 and 2014 (in millions):
			Three Months Ended March 31,
			2015			2014
	Cost of goods sold		$	0.2		$	0.5
	Selling, general and administrative expenses		2.2			5.9
	Total stock compensation expense		$	2.4		$	6.4
Performance Award Transactions	Performance award transactions during the three months ended March 31, 2015 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan:
	Shares awarded but not earned at January 1	2,481,767
	Shares awarded	717,900
	Shares forfeited or unearned	(4,200	)
	Shares earned	—
	Shares awarded but not earned at March 31	3,195,467
Restricted Stock Unit Award Transactions	RSU transactions during the three months ended March 31, 2015 were as follows:
	Shares awarded but not vested at January 1	—
	Shares awarded	142,150
	Shares forfeited	(800	)
	Shares vested	—
	Shares awarded but not vested at March 31	141,350
Weighted Average Grant-Date Fair Value of SSARs and Assumptions Under Black-Scholes Option Model	The weighted average grant-date fair value of SSARs granted under the 2006 Plan and the weighted average assumptions under the Black-Scholes option pricing model were as follows for the three months ended March 31, 2015 and 2014:
		Three Month Ended March 31,
		2015			2014
	Weighted average grant-date fair value	$	7.41		$	13.13
	Weighted average assumptions under Black-Scholes option pricing model:
	Expected life of awards (years)	3			3
	Risk-free interest rate	0.9		%	0.9		%
	Expected volatility	25.9		%	35.7		%
	Expected dividend yield	1.1		%	0.8		%
SSAR Activity	SSAR transactions during the three months ended March 31, 2015 were as follows:
	SSARs outstanding at January 1		1,220,824
	SSARs granted		325,200
	SSARs exercised		(26,750	)
	SSARs canceled or forfeited		(83,400	)
	SSARs outstanding at March 31		1,435,874
	SSAR price ranges per share:
	Granted	$	43.88
	Exercised		21.45-33.65
	Canceled or forfeited		56.98
	Weighted average SSAR exercise prices per share:
	Granted	$	43.88
	Exercised		24.91
	Canceled or forfeited		56.98
	Outstanding at March 31		48.94
Schedule Of SSAR Exercise Price Range, Number Of Shares, Weighted Average Exercise Price and Remaining Contractual Lives	The following table sets forth the exercise price range, number of shares, weighted average exercise price and remaining contractual life by groups of similar price as of March 31, 2015:
			SSARs Outstanding						SSARs Exercisable
	Range of Exercise Prices		Number of		Weighted Average		Weighted Average		Number of Shares	Weighted Average
			Shares		Remaining		Exercise Price			Exercise Price
					Contractual Life
					(Years)
	$21.45 – $32.01		34,875		1		$	22.47	34,875	$	22.47
	$33.65 – $43.88		445,725		5.5		$	41.18	119,800	$	33.83
	$47.89 – $63.64		955,274		4.6		$	53.52	539,552	$	52.92
			1,435,874						694,227	$	48.1

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets by Major Class	Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2015 are summarized as follows (in millions):
		Trademarks and			Customer			Patents and			Land Use Rights			Total
		Tradenames			Relationships			Technology
	Gross carrying amounts:
	Balance as of December 31, 2014	$	123.5		$	513.8		$	94		$	9.7		$	741
	Foreign currency translation	(1.9		)	(16.4		)	(5.4		)	—			(23.7		)
	Balance as of March 31, 2015	$	121.6		$	497.4		$	88.6		$	9.7		$	717.3
		Trademarks and			Customer			Patents and			Land Use Rights			Total
		Tradenames			Relationships			Technology
	Accumulated amortization:
	Balance as of December 31, 2014	$	36.4		$	180.8		$	56.1		$	2.9		$	276.2
	Amortization expense	1.6			8			0.9			—			10.5
	Foreign currency translation	(0.4		)	(12.2		)	(5.2		)	—			(17.8		)
	Balance as of March 31, 2015	$	37.6		$	176.6		$	51.8		$	2.9		$	268.9
Schedule of Indefinite-lived Intangible Assets by Major Class
		Trademarks and
		Tradenames
	Indefinite-lived intangible assets:
	Balance as of December 31, 2014	$	89
	Foreign currency translation	(4.1		)
	Balance as of March 31, 2015	$	84.9
Schedule of Goodwill	Changes in the carrying amount of goodwill during the three months ended March 31, 2015 are summarized as follows (in millions):
		North			South			Europe/Africa/			Asia/			Consolidated
		America			America			Middle East			Pacific
	Balance as of December 31, 2014	$	513.6		$	169.7		$	454.6		$	54.9		$	1,192.80
	Foreign currency translation	—			(28.6		)	(42.7		)	(1.4		)	(72.7		)
	Balance as of March 31, 2015	$	513.6		$	141.1		$	411.9		$	53.5		$	1,120.10

Indebtedness_Tables

Indebtedness (Tables)	3 Months Ended
	Mar. 31, 2015
Indebtedness [Abstract]
Components Of Indebtedness	Indebtedness consisted of the following at March 31, 2015 and December 31, 2014 (in millions):
		March 31, 2015			December 31, 2014
	41/2% Senior term loan due 2016	$	214.8		$	242
	Credit facility, expiring 2019	622.2			404.4
	1.056% Senior term loan due 2020	214.8			—
	57/8% Senior notes due 2021	300			300
	Other long-term debt	155.8			145.5
		1,507.60			1,091.90
	Less: Current portion of long-term debt	(83.1		)	(94.3		)
	Total indebtedness, less current portion	$	1,424.50		$	997.6

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at March 31, 2015 and December 31, 2014 were as follows (in millions):
		March 31, 2015		December 31, 2014
	Finished goods	$	714.9	$	616.6
	Repair and replacement parts	543.8		536.4
	Work in process	163.1		130.5
	Raw materials	418.9		467.2
	Inventories, net	$	1,840.70	$	1,750.70

Product_Warranty_Tables

Product Warranty (Tables)	3 Months Ended
	Mar. 31, 2015
Product Warranty [Abstract]
Schedule of Warranty Reserve Activity	The warranty reserve activity for the three months ended March 31, 2015 and 2014 consisted of the following (in millions):
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	284.6		$	294.9
	Accruals for warranties issued during the period	34			55.6
	Settlements made (in cash or in kind) during the period	(44.9		)	(46.1		)
	Foreign currency translation	(20.8		)	0.6
	Balance at March 31	$	252.9		$	305

Net_Income_Per_Common_Share_Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Calculation Of Basic And Diluted Earnings Per Share	A reconciliation of net income attributable to AGCO Corporation and its subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the three months ended March 31, 2015 and 2014 is as follows (in millions, except per share data):
		Three Months Ended March 31,
		2015		2014
	Basic net income per share:
	Net income attributable to AGCO Corporation and subsidiaries	$	30.1	$	99.6
	Weighted average number of common shares outstanding	88.8		95.3
	Basic net income per share attributable to AGCO Corporation and subsidiaries	$	0.34	$	1.05
	Diluted net income per share:
	Net income attributable to AGCO Corporation and subsidiaries	$	30.1	$	99.6
	Weighted average number of common shares outstanding	88.8		95.3
	Dilutive SSARs, performance share awards and restricted stock units	0.2		0.4
	Weighted average assumed conversion of contingently convertible senior subordinated notes	—		0.9
	Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	89		96.6
	Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	0.34	$	1.03

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary Of Accumulated Other Comprehensive Loss Related To Derivatives	The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the three months ended March 31, 2015 (in millions):
			Before-Tax				Income			After-Tax
			Amount				Tax			Amount
	Accumulated derivative net losses as of December 31, 2014		$	(0.2	)		$	(0.1	)	$	(0.1	)
	Net changes in fair value of derivatives		(2.0		)		(0.1		)	(1.9		)
	Net losses reclassified from accumulated other comprehensive loss into income		0.3				—			0.3
	Accumulated derivative net losses as of March 31, 2015		$	(1.9	)		$	(0.2	)	$	(1.7	)
Fair Value Of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of March 31, 2015 (in millions):
		Asset Derivatives as of							Liability Derivatives as of
		31-Mar-15							31-Mar-15
		Balance Sheet		Fair					Balance Sheet	Fair
		Location		Value					Location	Value
	Derivative instruments designated as hedging instruments:
	Foreign currency contracts	Other current assets		$	—				Other current liabilities	$	1.8
	Derivative instruments not designated as hedging instruments:
	Foreign currency contracts	Other current assets		12.9					Other current liabilities	22.8
	Total derivative instruments			$	12.9					$	24.6
	The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions):
		Asset Derivatives as of							Liability Derivatives as of
		December 31, 2014							December 31, 2014
		Balance Sheet		Fair					Balance Sheet	Fair
		Location		Value					Location	Value
	Derivative instruments designated as hedging instruments:
	Foreign currency contracts	Other current assets		$	—				Other current liabilities	$	0.2
	Derivative instruments not designated as hedging instruments:
	Foreign currency contracts	Other current assets		11.3					Other current liabilities	20.3
	Total derivative instruments			$	11.3					$	20.5
	Foreign currency contracts measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 are summarized below (in millions):
		As of March 31, 2015
		Level 1			Level 2			Level 3		Total
	Derivative assets	$	—		$	12.9		$	—	$	12.9
	Derivative liabilities	$	—		$	24.6		$	—	$	24.6
		As of December 31, 2014
		Level 1			Level 2			Level 3		Total
	Derivative assets	$	—		$	11.3		$	—	$	11.3
	Derivative liabilities	$	—		$	20.5		$	—	$	20.5

Changes_in_Stockholders_Equity1

Changes in Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Schedule Of Stockholders Equity	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, 2015 (in millions):
		Common				Additional				Retained				Accumulated			Noncontrolling			Total Stockholders’
		Stock				Paid-in				Earnings				Other			Interests			Equity
						Capital								Comprehensive
														Loss
	Balance, December 31, 2014	$	0.9			$	582.5			$	3,771.60			$	(906.5	)	$	48.4		$	3,496.90
	Stock compensation	—				2.4				—				—			—			2.4
	Issuance of performance award stock	—				(5.5		)		—				—			—			(5.5		)
	SSARs exercised	—				(0.3		)		—				—			—			(0.3		)
	Comprehensive income (loss):
	Net income (loss)	—				—				30.1				—			(0.2		)	29.9
	Other comprehensive loss, net of reclassification adjustments:
	Foreign currency translation adjustments	—				—				—				(344.2		)	0.1			(344.1		)
	Defined benefit pension plans, net of tax	—				—				—				2.2			—			2.2
	Unrealized loss on derivatives, net of tax	—				—				—				(1.6		)	—			(1.6		)
	Payment of dividends to stockholders	—				—				(10.7		)		—			—			(10.7		)
	Purchases and retirement of common stock	—				(62.5		)		—				—			—			(62.5		)
	Changes in noncontrolling interest	—				—				—				—			1.1			1.1
	Balance, March 31, 2015	$	0.9			$	516.6			$	3,791.00			$	(1,250.1	)	$	49.4		$	3,107.80
Schedule of Comprehensive Income (Loss)	Total comprehensive loss attributable to noncontrolling interests for the three months ended March 31, 2015 and to noncontrolling interests and redeemable noncontrolling interest for the three months ended March 31, 2014 was as follows (in millions):
		Three Months Ended March 31,
		2015				2014
	Net loss	$	(0.2	)		$	(0.4	)
	Other comprehensive loss:
	Foreign currency translation adjustments	0.1				(0.3		)
	Total comprehensive loss	$	(0.1	)		$	(0.7	)
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, 2015 (in millions):
		Defined Benefit Pension Plans				Deferred Net (Losses) Gains on Derivatives				Cumulative Translation Adjustment				Total
	Accumulated other comprehensive loss, December 31, 2014	$	(253.3	)		$	(0.1	)		$	(653.1	)		$	(906.5	)
	Other comprehensive loss before reclassifications	—				(1.9		)		(344.2		)		(346.1		)
	Net losses reclassified from accumulated other comprehensive loss	2.2				0.3				—				2.5
	Other comprehensive income (loss), net of reclassification adjustments	2.2				(1.6		)		(344.2		)		(343.6		)
	Accumulated other comprehensive loss,	$	(251.1	)		$	(1.7	)		$	(997.3	)		$	(1,250.1	)
	March 31, 2015
	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, 2015 (in millions):
			Before-Tax				Income				After-Tax
			Amount				Tax				Amount
	Accumulated other comprehensive loss as of December 31, 2014		$	(341.5	)		$	(88.2	)		$	(253.3	)
	Amortization of net actuarial loss		2.8				0.7				2.1
	Amortization of prior service cost		0.1				—				0.1
	Accumulated other comprehensive loss as of March 31, 2015		$	(338.6	)		$	(87.5	)		$	(251.1	)
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, 2015 and 2014 (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, 2015 (1)				Three months ended March 31, 2014 (1)
	Net losses on cash flow hedges		$	0.3			$	0.1		Cost of goods sold
			—				—			Income tax provision
	Reclassification net of tax		$	0.3			$	0.1
	Defined benefit pension plans:
	Amortization of net actuarial loss		$	2.8			$	2.2		(2)
	Amortization of prior service cost		0.1				0.2			(2)
	Reclassification before tax		2.9				2.4
			(0.7		)		(0.6		)	Income tax provision
	Reclassification net of tax		$	2.2			$	1.8
	Net losses reclassified from accumulated other comprehensive loss		$	2.5			$	1.9
	____________________________________
	(1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014.
	(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.

Employee_Benefit_Plans_Tables

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2015
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, 2015 (in millions):
		Defined Benefit Pension Plans				Deferred Net (Losses) Gains on Derivatives				Cumulative Translation Adjustment				Total
	Accumulated other comprehensive loss, December 31, 2014	$	(253.3	)		$	(0.1	)		$	(653.1	)		$	(906.5	)
	Other comprehensive loss before reclassifications	—				(1.9		)		(344.2		)		(346.1		)
	Net losses reclassified from accumulated other comprehensive loss	2.2				0.3				—				2.5
	Other comprehensive income (loss), net of reclassification adjustments	2.2				(1.6		)		(344.2		)		(343.6		)
	Accumulated other comprehensive loss,	$	(251.1	)		$	(1.7	)		$	(997.3	)		$	(1,250.1	)
	March 31, 2015
	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, 2015 (in millions):
			Before-Tax				Income				After-Tax
			Amount				Tax				Amount
	Accumulated other comprehensive loss as of December 31, 2014		$	(341.5	)		$	(88.2	)		$	(253.3	)
	Amortization of net actuarial loss		2.8				0.7				2.1
	Amortization of prior service cost		0.1				—				0.1
	Accumulated other comprehensive loss as of March 31, 2015		$	(338.6	)		$	(87.5	)		$	(251.1	)
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 three months ended March 31, 2015 and 2014 are set forth below (in millions):
			Three Months Ended March 31,
	Pension benefits		2015				2014
	Service cost		$	4.7			$	4.3
	Interest cost		7.8				9.4
	Expected return on plan assets		(11.1		)		(11.2		)
	Amortization of net actuarial loss		2.8				2.2
	Amortization of prior service cost		0.1				0.2
	Net periodic pension cost		$	4.3			$	4.9
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		2015				2014
	Service cost		$	—			$	0.1
	Interest cost		0.4				0.4
	Net periodic postretirement benefit cost		$	0.4			$	0.5

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of March 31, 2015 (in millions):
		Asset Derivatives as of						Liability Derivatives as of
		31-Mar-15						31-Mar-15
		Balance Sheet		Fair				Balance Sheet	Fair
		Location		Value				Location	Value
	Derivative instruments designated as hedging instruments:
	Foreign currency contracts	Other current assets		$	—			Other current liabilities	$	1.8
	Derivative instruments not designated as hedging instruments:
	Foreign currency contracts	Other current assets		12.9				Other current liabilities	22.8
	Total derivative instruments			$	12.9				$	24.6
	The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions):
		Asset Derivatives as of						Liability Derivatives as of
		December 31, 2014						December 31, 2014
		Balance Sheet		Fair				Balance Sheet	Fair
		Location		Value				Location	Value
	Derivative instruments designated as hedging instruments:
	Foreign currency contracts	Other current assets		$	—			Other current liabilities	$	0.2
	Derivative instruments not designated as hedging instruments:
	Foreign currency contracts	Other current assets		11.3				Other current liabilities	20.3
	Total derivative instruments			$	11.3				$	20.5
	Foreign currency contracts measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 are summarized below (in millions):
		As of March 31, 2015
		Level 1			Level 2		Level 3		Total
	Derivative assets	$	—		$	12.9	$	—	$	12.9
	Derivative liabilities	$	—		$	24.6	$	—	$	24.6
		As of December 31, 2014
		Level 1			Level 2		Level 3		Total
	Derivative assets	$	—		$	11.3	$	—	$	11.3
	Derivative liabilities	$	—		$	20.5	$	—	$	20.5

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Sales Information By Reportable Segments	Segment results for the three months ended March 31, 2015 and 2014 and assets as of March 31, 2015 and December 31, 2014 based on the Company’s reportable segments are as follows (in millions):
	Three Month Ended March 31,		North			South		Europe/Africa/		Asia/			Consolidated
			America			America		Middle East		Pacific
	2015
	Net sales		$	472.5		$	249	$	908.1	$	73		$	1,702.60
	Income (loss) from operations		17.5			13.1		80.5		(12.0		)	99.1
	Depreciation		15.3			6		29.8		3			54.1
	Capital expenditures		17			6.9		29.9		9.1			62.9
	2014
	Net sales		$	647.5		$	353.6	$	1,235.90	$	96.4		$	2,333.40
	Income (loss) from operations		55.5			27.9		120.9		(1.3		)	203
	Depreciation		15			6.2		34.9		3.3			59.4
	Capital expenditures		25.2			6.3		60.7		9			101.2
	Assets
	As of March 31, 2015		$	1,106.30		$	647.5	$	2,010.80	$	368.4		$	4,133.00
	As of December 31, 2014		$	1,026.90		$	719.8	$	2,036.00	$	353.8		$	4,136.50
Reconciliation of Income From Operations from Segment to Consolidated	A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
		Three Months Ended March 31,
		2015			2014
	Segment income from operations	$	99.1		$	203
	Corporate expenses	(29.0		)	(31.4		)
	Stock compensation expense	(2.2		)	(5.9		)
	Restructuring and other infrequent expenses	(10.6		)	—
	Amortization of intangibles	(10.5		)	(10.0		)
	Consolidated income from operations	$	46.8		$	155.7
Reconciliation of Assets from Segment to Consolidated
		31-Mar-15			31-Dec-14
	Segment assets	$	4,133.00		$	4,136.50
	Cash and cash equivalents	338.9			363.7
	Receivables from affiliates	124.3			108.4
	Investments in affiliates	398.7			424.1
	Deferred tax assets, other current and noncurrent assets	616.2			616.6
	Intangible assets, net	533.3			553.8
	Goodwill	1,120.10			1,192.80
	Consolidated total assets	$	7,264.50		$	7,395.90

Restructuring_and_Other_Infreq1

Restructuring and Other Infrequent Expenses (Details) (USD $)	3 Months Ended		12 Months Ended	15 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015
				employees
Restructuring Cost and Reserve [Line Items]
Restructuring and other infrequent expenses	$10.60	$0	$46.40
Payments for Restructuring	11.8		19
Restructuring and Related Cost, Headcount Reduction				1,600
Restructuring Reserve	22.5		25.4	22.5
Foreign currency translation impacting severance and other related costs	1.7			1.7
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other infrequent expenses			$44.40

Stock_Compensation_Plans_Narra

Stock Compensation Plans (Narrative) (Details) (USD $)	3 Months Ended		0 Months Ended	9 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Apr. 23, 2015	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized	150,000,000				150,000,000
Stock compensation expense	$2.40	$6.40
2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized	10,000,000
Shares available for grant, shares	2,500,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value of performance awards granted, dollars per share	$42.46	$53.93
Shares awarded	717,900
Share-based compensation cost not yet recognized	13.7
Share-based compensation, recognition period of unrecognized compensation cost, years	3 years
Number of shares not vested	3,195,467				2,481,767
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value of performance awards granted, dollars per share	$43.88
Shares awarded	142,150
Share-based compensation cost not yet recognized	5.6
Share-based compensation, recognition period of unrecognized compensation cost, years	3 years
Number of shares not vested	141,350				0
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value of performance awards granted, dollars per share	$7.41	$13.13
Share-based compensation cost not yet recognized	9.6
Share-based compensation, recognition period of unrecognized compensation cost, years	3 years
Stock compensation expense	1.3
Weighted average remaining contractual life of SSARs outstanding, years	5 years
Total fair value of SSARs vested	3.9
Number of shares not vested	741,647
Total intrinsic value of outstanding SSARs	3.8
Total intrinsic value of exercisable SSARS	2.5
Total intrinsic value of SSARs exercised	0.7
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$1.10
Weighted-average period for compensation cost expected to be recognized, years	3 years
Subsequent Event [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period for compensation cost expected to be recognized, years				1 year
Restricted stock issued, shares			22,095
Restricted common stocks issued, shares			15,711

Stock_Compensation_Plans_Sched

Stock Compensation Plans (Schedule of Employee Service Share-based Compensation, Allocation of Recognized Costs) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$2.40	$6.40
Cost of goods sold [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	0.2	0.5
Selling, general and administrative expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$2.20	$5.90

Stock_Compensation_Plans_Perfo

Stock Compensation Plans (Performance Award Transactions) (Details) (Performance Shares [Member])	3 Months Ended
	Mar. 31, 2015
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Shares awarded but not earned, beginning of period	2,481,767
Shares awarded	717,900
Shares forfeited or unearned	-4,200
Shares earned	0
Shares awarded but not earned, end of period	3,195,467

Stock_Compensation_Plans_Restr

Stock Compensation Plans (Restricted Stock Unit Award Transactions) (Details) (Restricted Stock Units (RSUs) [Member])	3 Months Ended
	Mar. 31, 2015
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Shares awarded but not earned, beginning of period	0
Shares awarded	142,150
Shares forfeited or unearned	-800
Shares earned	0
Shares awarded but not earned, end of period	141,350

Stock_Compensation_Plans_Weigh

Stock Compensation Plans (Weighted Average Grant-Date Fair Value Of SSARS And Assumptions Under Black-Scholes Option Model) (Details) (Settled Stock Appreciation Rights (SSARs) [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Settled Stock Appreciation Rights (SSARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value, dollars per share	$7.41	$13.13
Weighted average assumptions under Black-Scholes option model:
Expected life of awards, years	3 years	3 years
Risk-free interest rate, percent	0.90%	0.90%
Expected volatility, percent	25.90%	35.70%
Expected dividend yield, percent	1.10%	0.80%

Stock_Compensation_Plans_SSAR_

Stock Compensation Plans (SSAR Activity) (Details) (Stock Appreciation Rights (SARs) [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding [Roll Forward]
SSARs Outstanding, Beginning of Period, shares	1,220,824
SSARs granted, shares	325,200
SSARs exercised, shares	-26,750
SSARs canceled or forfeited, shares	-83,400
SSARs Outstanding, End of Period, shares	1,435,874
SSAR price ranges per share:
Granted, dollars per share	$43.88
Canceled or forfeited, dollars per share	$56.98
Weighted average SSAR exercise prices per share:
Granted, dollars per share	$43.88
Exercised, dollars per share	$24.91
Canceled or forfeited, dollars per share	$56.98
Outstanding, dollars per share	$48.94
Minimum [Member]
SSAR price ranges per share:
Exercised, dollars per share	$21.45
Maximum [Member]
SSAR price ranges per share:
Exercised, dollars per share	$33.65

Stock_Compensation_Plans_Sched1

Stock Compensation Plans (Schedule Of SSAR Exercise Price Range, Number Of Shares, Weighted Average Exercise Price And Remaining Contractual Lives) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
$21.45 - $32.01 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, lower limit, dollars per share	$21.45
Range of Exercise Prices, upper limit, dollars per share	$32.01
$33.65 - $43.88 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, lower limit, dollars per share	$33.65
Range of Exercise Prices, upper limit, dollars per share	$43.88
$47.89 - $63.64 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, lower limit, dollars per share	$47.89
Range of Exercise Prices, upper limit, dollars per share	$63.64
Stock Appreciation Rights (SARs) [Member]
SSARs Outstanding
SSARs Outstanding, shares	1,435,874	1,220,824
Weighted Average Remaining Contractual Life, years	5 years
SSARs Exercisable
Number of Shares	694,227
Weighted Average Exercise Price, dollars per share	$48.10
Stock Appreciation Rights (SARs) [Member] | $21.45 - $32.01 [Member]
SSARs Outstanding
SSARs Outstanding, shares	34,875
Weighted Average Remaining Contractual Life, years	1 year
Weighted Average Exercise Price, dollars per share	$22.47
SSARs Exercisable
Number of Shares	34,875
Weighted Average Exercise Price, dollars per share	$22.47
Stock Appreciation Rights (SARs) [Member] | $33.65 - $43.88 [Member]
SSARs Outstanding
SSARs Outstanding, shares	445,725
Weighted Average Remaining Contractual Life, years	5 years 6 months 0 days
Weighted Average Exercise Price, dollars per share	$41.18
SSARs Exercisable
Number of Shares	119,800
Weighted Average Exercise Price, dollars per share	$33.83
Stock Appreciation Rights (SARs) [Member] | $47.89 - $63.64 [Member]
SSARs Outstanding
SSARs Outstanding, shares	955,274
Weighted Average Remaining Contractual Life, years	4 years 7 months 6 days
Weighted Average Exercise Price, dollars per share	$53.52
SSARs Exercisable
Number of Shares	539,552
Weighted Average Exercise Price, dollars per share	$52.92

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Gross carrying amounts:
Balance at beginning of period	$741
Foreign currency translation	-23.7
Balance at end of period	717.3
Accumulated amortization:
Balance at beginning of period	276.2
Amortization expense	10.5	10
Foreign currency translation	-17.8
Balance at end of period	268.9
Trademarks and Tradenames [Member]
Gross carrying amounts:
Balance at beginning of period	123.5
Foreign currency translation	-1.9
Balance at end of period	121.6
Accumulated amortization:
Balance at beginning of period	36.4
Amortization expense	1.6
Foreign currency translation	-0.4
Balance at end of period	37.6
Customer Relationships [Member]
Gross carrying amounts:
Balance at beginning of period	513.8
Foreign currency translation	-16.4
Balance at end of period	497.4
Accumulated amortization:
Balance at beginning of period	180.8
Amortization expense	8
Foreign currency translation	-12.2
Balance at end of period	176.6
Patents and Technology [Member]
Gross carrying amounts:
Balance at beginning of period	94
Foreign currency translation	-5.4
Balance at end of period	88.6
Accumulated amortization:
Balance at beginning of period	56.1
Amortization expense	0.9
Foreign currency translation	-5.2
Balance at end of period	51.8
Land Use Rights [Member]
Gross carrying amounts:
Balance at beginning of period	9.7
Foreign currency translation	0
Balance at end of period	9.7
Accumulated amortization:
Balance at beginning of period	2.9
Amortization expense	0
Foreign currency translation	0
Balance at end of period	$2.90
Minimum [Member]
Accumulated amortization:
Estimated useful life, years	5 years
Maximum [Member]
Accumulated amortization:
Estimated useful life, years	50 years

Goodwill_and_Other_Intangible_3

Goodwill and Other Intangible Assets (Indefinite-Lived Intangible Assets) (Details) (Trademarks and Tradenames [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Trademarks and Tradenames [Member]
Indefinite-lived intangible assets:
Balance at beginning of period	$89
Foreign currency translation	-4.1
Balance at end of period	$84.90

Goodwill_and_Other_Intangible_4

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Goodwill
Goodwill at beginning of period	$1,192.80
Foreign currency translation	-72.7
Goodwill at end of period	1,120.10
North America [Member]
Goodwill
Goodwill at beginning of period	513.6
Foreign currency translation	0
Goodwill at end of period	513.6
South America [Member]
Goodwill
Goodwill at beginning of period	169.7
Foreign currency translation	-28.6
Goodwill at end of period	141.1
Europe/Africa/Middle East [Member]
Goodwill
Goodwill at beginning of period	454.6
Foreign currency translation	-42.7
Goodwill at end of period	411.9
Asia/Pacific [Member]
Goodwill
Goodwill at beginning of period	54.9
Foreign currency translation	-1.4
Goodwill at end of period	$53.50

Indebtedness_Components_Of_Ind

Indebtedness (Components Of Indebtedness) (Details)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015	Dec. 31, 2014
	USD ($)	USD ($)	4 1/2% Senior Unsecured Term Loan Due May 2, 2016 [Member]	4 1/2% Senior Unsecured Term Loan Due May 2, 2016 [Member]	Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]	Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]	Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]	5 7/8% Senior Notes due 2021 [Member]	5 7/8% Senior Notes due 2021 [Member]
			USD ($)	USD ($)	USD ($)	EUR (€)	USD ($)	USD ($)	USD ($)
Debt Instrument [Line Items]
Debt instrument, interest rate, percent			4.50%	4.50%	1.06%	1.06%	1.06%	5.88%	5.88%
Senior notes			$214,800,000	$242,000,000	$214,800,000	€ 200,000,000	$0	$300,000,000	$300,000,000
Credit facility	622,200,000	404,400,000
Other long-term debt	155,800,000	145,500,000
Total indebtedness	1,507,600,000	1,091,900,000
Less: Current portion of long-term debt	-83,100,000	-94,300,000
Total indebtedness, less current portion	$1,424,500,000	$997,600,000

Indebtedness_Narrative_Details

Indebtedness (Narrative) (Details)

Mar. 31, 2015

Dec. 31, 2014

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Dec. 31, 2014

USD ($)

USD ($)

EUR (€)

4 1/2% Senior Unsecured Term Loan Due 2016 [Member]

4 1/2% Senior Unsecured Term Loan Due 2016 [Member]

4 1/2% Senior Unsecured Term Loan Due 2016 [Member]

Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]

Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]

Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]

5 7/8% Senior Notes due 2021 [Member]

5 7/8% Senior Notes due 2021 [Member]

5 7/8% Senior Notes due 2021 [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

Amended and Restated Credit Facility Agreement [Member]

USD ($)

EUR (€)

USD ($)

USD ($)

EUR (€)

USD ($)

USD ($)

USD ($)

Interest Accrual, Option Two [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Term Loan Facility [Member]

Term Loan Facility [Member]

USD ($)

USD ($)

Interest Accrual, Option Two [Member]

Interest Accrual, Option Three [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

USD ($)

USD ($)

Interest Accrual, Option One [Member]

Interest Accrual, Option Three [Member]

Interest Accrual, Option One [Member]

Interest Accrual, Option Three [Member]

Variable Basis, Additional Margin [Member]

Variable Basis, Additional Margin [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate, percent

4.50%

4.50%

4.50%

1.06%

1.06%

1.06%

5.88%

5.88%

Debt instrument, amount

$214,800,000

€ 200,000,000

$300,000,000

Maximum borrowing capacity on line of credit facility

800,000,000

355,000,000

Margin on variable rate

0.50%

0.50%

1.00%

1.00%

0.00%

2.00%

0.50%

Credit facility

622,200,000

404,400,000

Remaining borrowing capacity on line of credit facility

532,800,000

750,600,000

Fair value of amount outstanding

267,200,000

49,400,000

355,000,000

355,000,000

Debt instrument, unused borrowing capacity

200,000,000

Senior notes

214,800,000

242,000,000

214,800,000

200,000,000

0

300,000,000

300,000,000

Outstanding letters of credit

$19,900,000

$18,500,000

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Inventory Disclosure [Abstract]
Finished goods	$714.90	$616.60
Repair and replacement parts	543.8	536.4
Work in process	163.1	130.5
Raw materials	418.9	467.2
Inventories, net	$1,840.70	$1,750.70

Product_Warranty_Details

Product Warranty (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Warranty reserve activity:
Balance at beginning of period	$284.60	$294.90
Accruals for warranties issued during the period	34	55.6
Settlements made (in cash or in kind) during the period	-44.9	-46.1
Foreign currency translation	-20.8	0.6
Balance at end of period	252.9	305
Product warranty period, minimum, years	1 year
Product warranty period, maximum, years	4 years
Product warranty accrual, current	217		245.7
Product warranty accrual, noncurrent	$35.90		$38.90

Net_Income_Per_Common_Share_De

Net Income Per Common Share (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$30.10	$99.60
Weighted average number of common shares outstanding, shares	88.8	95.3
Basic net income per share attributable to AGCO Corporation and subsidiaries, dollars per share	$0.34	$1.05
Diluted net income per share:
Dilutive SSARs, performance share awards and restricted stock awards, shares	0.2	0.4
Weighted average assumed conversion of contingently convertible senior subordinated notes, shares	0	0.9
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted income per share, shares	89	96.6
Diluted net income per share attributable to AGCO Corporation and subsidiaries, dollars per share	$0.34	$1.03
Stock Appreciation Rights (SARs) [Member]
Diluted net income per share:
SSARs excluded from earnings per share computation, shares	1.3	1.1

Income_Taxes_Details

Income Taxes (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Income Tax Disclosure [Abstract]
Unrecognized income tax benefits that would affect effective tax rate	$122.60	$130.60
Accrued or deferred taxes relating to uncertain income tax positions	58.4	64.7
Accrued interest and penalties relating to unrecognized tax benefits	$14.60	$15.30

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	country
Derivative Instruments, Gain (Loss) [Line Items]
Number of countries where products sold, countries (over 140)	140
Net gains (losses) reclassified from accumulated other comprehensive loss into income	($0.30)
Foreign Currency Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative instruments not designated as hedging	45.7	1.8
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) reclassified from accumulated other comprehensive loss into income	0.3	0.1
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	47.9		23.8
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$1,946.90		$1,810.50

Derivative_Instruments_and_Hed3

Derivative Instruments and Hedging Activities (Summary Of Accumulated Other Comprehensive Loss Related To Derivatives) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Before-Tax Amount
Accumulated derivative net gains, Beginning Balance	($0.20)
Net changes in fair value of derivatives	-2
Net losses reclassified from accumulated other comprehensive loss into income	0.3
Accumulated derivative net gains, Ending Balance	-1.9
Income Tax
Accumulated derivative net gains, Beginning Balance	-0.1
Net changes in fair value of derivatives	-0.1
Net losses reclassified from accumulated other comprehensive loss into income	0
Accumulated derivative net gains, Ending Balance	-0.2
After-Tax Amount
Accumulated derivative net gains, Beginning Balance	-0.1
Net changes in fair value of derivatives	-1.9
Net losses reclassified from accumulated other comprehensive loss into income	0.3
Accumulated derivative net gains, Ending Balance	($1.70)

Derivative_Instruments_and_Hed4

Derivative Instruments and Hedging Activities (Fair Value Of Derivative Instruments) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Derivative [Line Items]
Derivative asset, fair value	$12.90	$11.30
Derivative liability, fair value	24.6	20.5
Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	12.9	11.3
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	24.6	20.5
Foreign Currency Contracts [Member] | Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	0	0
Foreign Currency Contracts [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	1.8	0.2
Foreign Currency Contracts [Member] | Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	12.9	11.3
Foreign Currency Contracts [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	$22.80	$20.30

Changes_in_Stockholders_Equity2

Changes in Stockholders' Equity (Schedule of Stockholders' Equity) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period	$3,448.50
Balance at beginning of period	48.4
Balance at beginning of period	3,496.90
Stock compensation	2.4
SSARs exercised	-0.3
Comprehensive (loss) income:
Net income attributable to AGCO Corporation and subsidiaries	30.1	99.6
Net income (loss)	-0.2	-0.4
Net income (loss)	29.9
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	0.1	-0.3
Foreign currency translation adjustments	-344.1
Defined benefit pension plans, net of tax	2.2	1.8
Unrealized loss on derivatives, net of tax	-1.6	1.1
Payments of dividends to stockholders	-10.7
Repurchase and retirement of shares	-62.5
Balance at end of period	3,058.40
Balance at end of period	49.4
Balance at end of period	3,107.80
Common Stock [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period			0.9
Other comprehensive (loss) income, net of reclassification adjustments:
Balance at end of period	0.9		0.9
Additional Paid-in Capital [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period	582.5
Stock compensation	2.4
SSARs exercised	-0.3
Other comprehensive (loss) income, net of reclassification adjustments:
Repurchase and retirement of shares	-62.5
Balance at end of period	516.6
Retained Earnings [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period	3,771.60
Comprehensive (loss) income:
Net income attributable to AGCO Corporation and subsidiaries	30.1
Other comprehensive (loss) income, net of reclassification adjustments:
Payments of dividends to stockholders	-10.7
Balance at end of period	3,791
Accumulated Other Comprehensive Loss [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period	-906.5
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	-344.2
Defined benefit pension plans, net of tax	2.2
Unrealized loss on derivatives, net of tax	-1.6
Balance at end of period	-1,250.10
Noncontrolling Interests [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period	48.4
Comprehensive (loss) income:
Net income (loss)	-0.2
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	0.1
Changes in noncontrolling interest	1.1
Balance at end of period	49.4
Performance Shares [Member]
Schedule of Stockholders' Equity [Line Items]
Issuance of performance award stock	-5.5
Performance Shares [Member] | Additional Paid-in Capital [Member]
Schedule of Stockholders' Equity [Line Items]
Issuance of performance award stock	($5.50)

Changes_in_Stockholders_Equity3

Changes in Stockholders' Equity (Schedule of Comprehensive Income for Noncontrolling Interest) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Net loss	($0.20)	($0.40)
Other comprehensive loss:
Foreign currency translation adjustments	0.1	-0.3
Total comprehensive loss	($0.10)	($0.70)

Changes_in_Stockholders_Equity4

Changes in Stockholders' Equity (Changes in Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, December 31, 2014	($906.50)
Other comprehensive loss before reclassifications	-346.1
Net losses reclassified from accumulated other comprehensive loss	2.5
Other comprehensive income (loss), net of reclassification adjustments	-343.6
Accumulated other comprehensive loss, March 31, 2015	-1,250.10
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, December 31, 2014	-253.3
Other comprehensive loss before reclassifications	0
Net losses reclassified from accumulated other comprehensive loss	2.2
Other comprehensive income (loss), net of reclassification adjustments	2.2
Accumulated other comprehensive loss, March 31, 2015	-251.1
Deferred Net (Losses) Gains on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, December 31, 2014	-0.1
Other comprehensive loss before reclassifications	-1.9
Net losses reclassified from accumulated other comprehensive loss	0.3
Other comprehensive income (loss), net of reclassification adjustments	-1.6
Accumulated other comprehensive loss, March 31, 2015	-1.7
Cumulative Translatoin Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, December 31, 2014	-653.1
Other comprehensive loss before reclassifications	-344.2
Net losses reclassified from accumulated other comprehensive loss	0
Other comprehensive income (loss), net of reclassification adjustments	-344.2
Accumulated other comprehensive loss, March 31, 2015	($997.30)

Changes_in_Stockholders_Equity5

Changes in Stockholders' Equity (Reclassifications out of Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$1,354.70		$1,818.50
Amortization of net actuarial loss	2.8
Amortization of prior service cost	-0.1
Income before income taxes and equity in net earnings of affiliates	-26.8		-130.6
Income tax provision	10.6		46.4
Net income attributable to AGCO Corporation and subsidiaries	-30.1		-99.6
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income attributable to AGCO Corporation and subsidiaries	2.5	[1]	1.9	[1]
Reclassification out of Accumulated Other Comprehensive Income [Member] | Deferred Net (Losses) Gains on Derivatives [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	0.3	[1]	0.1	[1]
Income tax provision	0	[1]	0	[1]
Net income attributable to AGCO Corporation and subsidiaries	0.3	[1]	0.1	[1]
Reclassification out of Accumulated Other Comprehensive Income [Member] | Defined Benefit Pension Plans [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial loss	2.8	[1],[2]	2.2	[1],[2]
Amortization of prior service cost	0.1	[1],[2]	0.2	[1],[2]
Income before income taxes and equity in net earnings of affiliates	2.9	[1]	2.4	[1]
Income tax provision	-0.7	[1]	-0.6	[1]
Net income attributable to AGCO Corporation and subsidiaries	$2.20	[1]	$1.80	[1]
[1]	Losses included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2015
[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.

Changes_in_Stockholders_Equity6

Changes in Stockholders' Equity (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount	$1,050,000,000	$500,000,000	$500,000,000	$50,000,000
Stock repurchased and retired during period	62,500,000
Stock repurchase program, outstanding balance authorized to be repurchased	469,200,000
Accelerated Share Repurchase [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchased and retired during period	$62,500,000
Stock repurchased and retired during period, shares	1,290,733

Accounts_Receivable_Sales_Agre1

Accounts Receivable Sales Agreements (Details) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net cash received from receivables sold	$1,100,000,000	$1,200,000,000
Outstanding accounts receivable associated with retail finance joint ventures in Brazil and Australia	26,700,000	43,300,000
Other Expenses, Net [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss on sales of receivables	$5,000,000		$7,500,000
Corporate Joint Venture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Joint venture ownership percentage	49.00%	49.00%

Employee_Benefit_Plans_Narrati

Employee Benefit Plans (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$8.50
Estimated minimum contributions	35.2
Postretirement Health Coverage [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	0.5
Estimated minimum contributions	$1.50

Employee_Benefit_Plans_Net_Pen

Employee Benefit Plans (Net Pension And Postretirement Cost) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$4.70	$4.30
Interest cost	7.8	9.4
Expected return on plan assets	-11.1	-11.2
Amortization of net actuarial loss	2.8	2.2
Amortization of prior service cost (credit)	0.1	0.2
Net periodic pension or postretirement benefit cost	4.3	4.9
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0.1
Interest cost	0.4	0.4
Net periodic pension or postretirement benefit cost	$0.40	$0.50

Employee_Benefit_Plans_Net_Per

Employee Benefit Plans (Net Periodic Pension Costs Included in Accumulated Other Comprehensive Income (Loss)) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Before-Tax Amount
Accumulated other comprehensive loss, beginning of period	($341.50)
Amortization of net actuarial loss	2.8
Amortization of prior service cost	0.1
Accumulated other comprehensive loss, end of period	-338.6
Income Tax
Accumulated other comprehensive loss, beginning of period	-88.2
Amortization of net actuarial loss	0.7
Amortization of prior service cost	0
Accumulated other comprehensive loss, end of period	-87.5
After-Tax Amount
Accumulated other comprehensive loss, beginning of period	-253.3
Amortization of net actuarial loss	2.1
Amortization of prior service costs	0.1
Accumulated other comprehensive loss, end of period	($251.10)

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	$12.90	$11.30
Derivative liability, fair value	24.6	20.5
5 7/8% Senior Notes due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	343.5	337.6
Long-term debt	$300	$300

Segment_Reporting_Sales_Inform

Segment Reporting (Sales Information By Reportable Segments) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	reportable_segment
Segment Reporting Information [Line Items]
Number of reportable segments, segments	4
Net sales	$1,702.60	$2,333.40
Income (loss) from operations	46.8	155.7
Depreciation	54.1	59.4
Capital expenditures	62.9	101.2
Segment assets	7,264.50		7,395.90
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,702.60	2,333.40
Income (loss) from operations	99.1	203
Depreciation	54.1	59.4
Capital expenditures	62.9	101.2
Segment assets	4,133		4,136.50
North America [Member]
Segment Reporting Information [Line Items]
Net sales	472.5	647.5
Income (loss) from operations	17.5	55.5
Depreciation	15.3	15
Capital expenditures	17	25.2
Segment assets	1,106.30		1,026.90
South America [Member]
Segment Reporting Information [Line Items]
Net sales	249	353.6
Income (loss) from operations	13.1	27.9
Depreciation	6	6.2
Capital expenditures	6.9	6.3
Segment assets	647.5		719.8
Europe/ Africa/ Middle East [Member]
Segment Reporting Information [Line Items]
Net sales	908.1	1,235.90
Income (loss) from operations	80.5	120.9
Depreciation	29.8	34.9
Capital expenditures	29.9	60.7
Segment assets	2,010.80		2,036
Asia/Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	73	96.4
Income (loss) from operations	-12	-1.3
Depreciation	3	3.3
Capital expenditures	9.1	9
Segment assets	$368.40		$353.80

Segment_Reporting_Income_From_

Segment Reporting (Income From Operations And Total Assets) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Income from Operations
Segment income from operations	$46.80	$155.70
Stock compensation	-2.2	-5.9
Restructuring and other infrequent expenses	-10.6	0
Amortization of intangibles	-10.5	-10
Consolidated income from operations	46.8	155.7
Total Assets
Segment assets	7,395.90
Cash and cash equivalents	338.9	193.9	363.7	1,047.20
Receivables from affiliates	124.3		108.4
Investments in affiliates	398.7		424.1
Deferred tax assets, other current and noncurrent assets	616.2		616.6
Intangible assets, net	533.3		553.8
Goodwill	1,120.10		1,192.80
Consolidated total assets	7,264.50
Operating Segments [Member]
Income from Operations
Segment income from operations	99.1	203
Consolidated income from operations	99.1	203
Corporate [Member]
Income from Operations
Corporate expenses	($29)	($31.40)

Commitments_and_Contingencies_

Commitments and Contingencies (Details)	Mar. 31, 2015	Mar. 31, 2015	Oct. 30, 2012	Jun. 27, 2008	Oct. 30, 2012	Jun. 27, 2008	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	USD ($)	BRL	Subsidiaries [Member]	Subsidiaries [Member]	Third Parties [Member]	Third Parties [Member]	Retail Finance Joint Venture [Member]	Corporate Joint Venture [Member]	Corporate Joint Venture [Member]
			defendant	defendant	defendant	defendant	USD ($)
Guarantees [Abstract]
Maximum repossessed inventory purchase obligation with retail joint ventures							$6
Guaranteed indebtedness owed to third parties	89.5
Joint venture ownership percentage								49.00%	49.00%
Loss Contingency [Abstract]
Number of defendants			3	3	60	91
Tax disallowance not including interest and penalties	$41.10	131.5