AGCO (AGCO) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	AGCO CORP /DE
Entity Central Index Key	880,266
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		85,519,753

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 425.4	$ 363.7
Accounts and notes receivable, net	946.7	963.8
Inventories, net	1,699.3	1,750.7
Deferred tax assets	210.4	217.2
Other current assets	218.7	232.5
Total current assets	3,500.5	3,527.9
Property, plant and equipment, net	1,361.5	1,530.4
Investment in affiliates	403.3	424.1
Deferred tax assets	20.1	25.8
Other assets	141.8	141.1
Intangible assets, net	520.7	553.8
Goodwill	1,123.7	1,192.8
Total assets	7,071.6	7,395.9
Current Liabilities:
Current portion of long-term debt	87.4	94.3
Senior term loan	223.4	0
Accounts payable	650.3	670.2
Accrued expenses	1,091.2	1,244.1
Other current liabilities	159.9	208.3
Total current liabilities	2,212.2	2,216.9
Long-term debt, less current portion	1,230.2	997.6
Pensions and postretirement health care benefits	240	269
Deferred tax liabilities	232.9	238.8
Other noncurrent liabilities	182.8	176.7
Total liabilities	$ 4,098.1	$ 3,899
Commitments and contingencies (Note 17)
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, 85,863,357 and 89,146,093 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	0.9	0.9
Additional paid-in capital	399.5	582.5
Retained earnings	3,944.2	3,771.6
Accumulated other comprehensive loss	(1,417.2)	(906.5)
Total AGCO Corporation stockholders’ equity	2,927.4	3,448.5
Noncontrolling interests	46.1	48.4
Total stockholders’ equity	2,973.5	3,496.9
Total liabilities and stockholders’ equity	$ 7,071.6	$ 7,395.9

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 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	85,863,357	89,146,093
Common stock, shares outstanding	85,863,357	89,146,093

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net sales	$ 1,736.4	$ 2,154.8	$ 5,508.3	$ 7,238.5
Cost of goods sold	1,370.7	1,732.9	4,345.1	5,670.2
Gross profit	365.7	421.9	1,163.2	1,568.3
Selling, general and administrative expenses	205.8	221.7	630.1	751
Engineering expenses	70	78.2	210.5	252.9
Restructuring and other infrequent expenses	0	2.9	14.6	2.9
Amortization of intangibles	10.8	10.4	32.2	30.4
Income from operations	79.1	108.7	275.8	531.1
Interest expense, net	10.6	13.9	32.1	43.5
Other (income) expense, net	(2.1)	10.1	17.2	34.2
Income before income taxes and equity in net earnings of affiliates	70.6	84.7	226.5	453.4
Income tax provision	17.6	34.2	66.1	163.8
Income before equity in net earnings of affiliates	53	50.5	160.4	289.6
Equity in net earnings of affiliates	14.2	12	42.3	38.1
Net income	67.2	62.5	202.7	327.7
Net (income) loss attributable to noncontrolling interests	(0.1)	2.5	1.6	5.1
Net income attributable to AGCO Corporation and subsidiaries	$ 67.1	$ 65	$ 204.3	$ 332.8
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic, in dollars per share	$ 0.77	$ 0.70	$ 2.33	$ 3.53
Diluted, in dollars per share	0.77	0.69	2.33	3.50
Cash dividends declared and paid per common share, in dollars per share	$ 0.12	$ 0.11	$ 0.36	$ 0.33
Weighted average number of common and common equivalent shares outstanding:
Basic, shares	86.6	93.5	87.7	94.2
Diluted, shares	86.7	93.8	87.8	95.2

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 67.2	$ 62.5	$ 202.7	$ 327.7
Other comprehensive loss, net of reclassification adjustments:
Foreign currency translation adjustments	(240)	(243)	(517.5)	(181.5)
Defined benefit pension plans, net of tax	2.3	1.9	6.7	5.6
Unrealized loss on derivatives, net of tax	(0.2)	(1)	(1.7)	(1.1)
Other comprehensive loss, net of reclassification adjustments	(237.9)	(242.1)	(512.5)	(177)
Comprehensive loss	(170.7)	(179.6)	(309.8)	150.7
Comprehensive loss attributable to noncontrolling interests	2.5	2.5	3.4	5.4
Comprehensive loss attributable to AGCO Corporation and subsidiaries	$ (168.2)	$ (177.1)	$ (306.4)	$ 156.1

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 202.7	$ 327.7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	162	180.4
Deferred debt issuance cost amortization	1.6	2.2
Amortization of intangibles	32.2	30.4
Stock compensation	10.6	(11)
Equity in net earnings of affiliates, net of cash received	(28)	(28.6)
Deferred income tax provision	(11.3)	1.7
Other	(0.2)	2.3
Changes in operating assets and liabilities, net of effects from purchase of businesses:
Accounts and notes receivable, net	(76)	(151.4)
Inventories, net	(140.2)	(422.7)
Other current and noncurrent assets	(79.5)	(0.8)
Accounts payable	58.3	(74.7)
Accrued expenses	(35)	(96.9)
Other current and noncurrent liabilities	(25)	26.1
Total adjustments	(130.5)	(543)
Net cash provided by (used in) operating activities	72.2	(215.3)
Cash flows from investing activities:
Purchases of property, plant and equipment	(147.1)	(229.3)
Proceeds from sale of property, plant and equipment	1.2	2.2
Purchase of businesses, net of cash acquired	(25.4)	(130.4)
Investment in unconsolidated affiliates	(5.2)	0
Restricted cash	(0.4)	0
Net cash used in investing activities	(176.9)	(357.5)
Cash flows from financing activities:
Proceeds from debt obligations, net	462.3	450.6
Purchases and retirement of common stock	(187.5)	(340.9)
Payment of dividends to stockholders	(31.7)	(30.9)
Payment of minimum tax withholdings on stock compensation	(6.2)	(11.9)
Payment of debt issuance costs	(0.7)	(1.3)
Repurchase or conversion of convertible senior subordinated notes	0	(201.2)
Purchase of or distribution to noncontrolling interests	0	(6.1)
Net cash provided by (used in) financing activities	236.2	(141.7)
Effects of exchange rate changes on cash and cash equivalents	(69.8)	(11.8)
Increase (decrease) in cash and cash equivalents	61.7	(726.3)
Cash and cash equivalents, beginning of period	363.7	1,047.2
Cash and cash equivalents, end of period	$ 425.4	$ 320.9

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 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 September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”). ASU 2015-16 amends existing guidance to require that an acquirer in a business combination recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. In addition, an entity is required to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in earnings by line item that would have been recorded in previous reporting periods if the adjustments to the provisional amounts had been recognized as of the acquisition date. Prior period information is no longer to be revised. The standard is effective prospectively for adjustments to provisional amounts that occur after 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 July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory” (“ASU 2015-11”), which changes the measurement principle for inventory from the “lower of cost or market” to “lower of cost and net realizable value.” The new principle is part of the FASB’s simplification initiative and applies to entities that measure inventory using a method other than the last-in, first-out (“LIFO”) or the retail inventory methods. Entities using the first-in, first-out (“FIFO”) or average cost methods of measuring inventory no longer will need to consider replacement cost or net realizable value less an approximate normal profit margin in the subsequent measurement of inventory. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The standard does not amend or change the determination of the cost of inventory. The standard is effective prospectively for inventory measurements for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. 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 April 2015, the FASB issued 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. Given the absence of authoritative guidance within ASU 2015-03, in August 2015 the FASB issued ASU 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements” (“ASU 2015-15”), which clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. ASU 2015-03 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 also will be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 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. On July 9, 2015, the FASB delayed the effective date of ASU 2014-09 by one year or to reporting periods beginning after December 15, 2017. Early adoption is permitted, but not any earlier than the original effective date. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations and financial condition.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS On April 17, 2015, the Company acquired Farmer Automatic GmbH & Co. KG (“Farmer Automatic”) for approximately $17.9 million , net of cash acquired of approximately $0.1 million . Farmer Automatic, headquartered in Laer, Germany, is one of the leading manufacturers and suppliers of poultry housing and related products, including egg production cages and broiler production equipment. The acquisition was financed with available cash on hand. The Company allocated the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of their fair values as of the acquisition date. The acquired net assets primarily consisted of accounts receivable, inventories, accounts payable and accrued expenses, property, plant and equipment, and customer relationship, technology and trademark identifiable intangible assets. The Company recorded approximately $9.6 million of customer relationship, technology and trademark identifiable intangible assets and approximately $10.0 million of goodwill associated with the acquisition. The results of operations of Farmer Automatic have been included in the Company’s Condensed Consolidated Financial Statements as of and from the date of the acquisition. The acquired identifiable intangible assets of Farmer Automatic as of the date of the acquisition are summarized in the following table (in millions): Intangible Asset Amount Weighted-Average Useful Life Customer relationships $ 4.1 10 years Technology 3.6 10 years Trademarks 1.9 10 years $ 9.6

Restructuring and Other Infrequ

Restructuring and Other Infrequent Expenses	9 Months Ended
	Sep. 30, 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 half 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 approximately 1,950 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 nine months ended September 30, 2015 , the Company recorded an additional $14.6 million of restructuring and other infrequent expenses and paid an additional $23.2 million of severance and other related costs. The remaining $15.9 million balance of severance and other related costs accrued as of September 30, 2015, inclusive of approximately $0.9 million of negative foreign currency translation impacts, will be paid primarily during 2015 and 2016 .

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock Compensation Plans	STOCK COMPENSATION PLANS The Company recorded stock compensation expense (credit) as follows for the three and nine months ended September 30, 2015 and 2014 (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of goods sold $ 0.3 $ (1.8 ) $ 0.8 $ (1.0 ) Selling, general and administrative expenses 3.2 (21.0 ) 10.1 (9.8 ) Total stock compensation expense (credit) $ 3.5 $ (22.8 ) $ 10.9 $ (10.8 ) 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 nine months ended September 30, 2015 and 2014 was $45.54 and $53.87 , respectively. During the nine months ended September 30, 2015 , the Company granted 724,752 awards related to the three-year performance period commencing in 2015 and ending in 2017 , assuming the maximum target level of performance is achieved. In addition, in July 2015, the Company granted 136,934 performance awards under a new margin growth incentive plan, with a performance period of approximately six months through December 31, 2015. The new margin growth incentive plan provides for the award of shares of the Company’s common stock based on achieving an operating margin target as determined by the Company’s Board of Directors. No shares will be earned if performance is below the established target. 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 nine months ended September 30, 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 861,686 Shares forfeited or unearned (53,671 ) Shares earned — Shares awarded but not earned at September 30 3,289,782 As of September 30, 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 $16.3 million , and the weighted average period over which it is expected to be recognized is approximately two years. During the nine months ended September 30, 2015 , the Company granted 144,398 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 nine months ended September 30, 2015 was $44.03 . RSU transactions during the nine months ended September 30, 2015 were as follows: Shares awarded but not vested at January 1 — Shares awarded 144,398 Shares forfeited (3,100 ) Shares vested — Shares awarded but not vested at September 30 141,298 As of September 30, 2015 , the total compensation cost related to the unvested RSUs not yet recognized was approximately $4.7 million , and the weighted average period over which it is expected to be recognized is approximately two years. During the three and nine months ended September 30, 2015 , the Company recorded stock compensation expense of approximately $1.3 million and $3.8 million , respectively, associated with stock-settled appreciation rights (“SSAR”) awards. During the three and nine months ended September 30, 2014 , the Company recorded stock compensation expense of approximately $1.3 million and $3.9 million , respectively, associated with 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 nine months ended September 30, 2015 and 2014 : Nine Months Ended September 30, 2015 2014 Weighted average grant-date fair value $ 7.41 $ 13.11 Weighted average assumptions under Black-Scholes option pricing model: Expected life of awards (years) 3.0 3.0 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 nine months ended September 30, 2015 were as follows: SSARs outstanding at January 1 1,220,824 SSARs granted 325,200 SSARs exercised (56,300 ) SSARs canceled or forfeited (92,544 ) SSARs outstanding at September 30 1,397,180 SSAR price ranges per share: Granted $ 43.88 Exercised 21.45-52.94 Canceled or forfeited 43.88-56.98 Weighted average SSAR exercise prices per share: Granted $ 43.88 Exercised 27.27 Canceled or forfeited 56.43 Outstanding at September 30 49.33 At September 30, 2015 , the weighted average remaining contractual life of SSARs outstanding was approximately four years. As of September 30, 2015 , the total compensation cost related to unvested SSARs not yet recognized was approximately $7.1 million , and the weighted-average period over which it is expected to be recognized is approximately two 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 September 30, 2015 : SSARs Outstanding SSARs Exercisable Range of Exercise Prices Number of Shares Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price $21.45 – $32.01 15,500 0.6 $ 23.32 15,500 $ 23.32 $33.65 – $43.88 437,800 5.0 $ 41.24 115,175 $ 33.83 $47.89 – $63.64 943,880 4.1 $ 53.52 543,049 $ 52.96 1,397,180 673,724 The total fair value of SSARs vested during the nine months ended September 30, 2015 was approximately $4.1 million . There were 723,456 SSARs that were not vested as of September 30, 2015 . The total intrinsic value of outstanding and exercisable SSARs as of September 30, 2015 was $2.7 million and $1.8 million , respectively. The total intrinsic value of SSARs exercised during the nine months ended September 30, 2015 was approximately $1.4 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 connection with the payment of withholding taxes. 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 recorded stock compensation expense of approximately $1.1 million during the nine months ended September 30, 2015 associated with these grants. As of September 30, 2015 , of the 10.0 million shares reserved for issuance under the 2006 Plan, approximately 2.4 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 A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2015 are summarized as follows (in millions): Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Gross carrying amounts: Balance as of December 31, 2014 $ 123.5 $ 513.8 $ 94.0 $ 9.7 $ 741.0 Acquisition 1.9 4.1 3.6 — 9.6 Foreign currency translation (2.6 ) (23.3 ) (3.9 ) (0.2 ) (30.0 ) Balance as of September 30, 2015 $ 122.8 $ 494.6 $ 93.7 $ 9.5 $ 720.6 Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Accumulated amortization: Balance as of December 31, 2014 $ 36.4 $ 180.8 $ 56.1 $ 2.9 $ 276.2 Amortization expense 5.1 24.0 3.0 0.1 32.2 Foreign currency translation (0.9 ) (17.5 ) (3.8 ) (0.1 ) (22.3 ) Balance as of September 30, 2015 $ 40.6 $ 187.3 $ 55.3 $ 2.9 $ 286.1 Trademarks and Tradenames Indefinite-lived intangible assets: Balance as of December 31, 2014 $ 89.0 Foreign currency translation (2.8 ) Balance as of September 30, 2015 $ 86.2 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 nine months ended September 30, 2015 are summarized as follows (in millions): North America South America Europe/Africa/ Middle East Asia/ Pacific Consolidated Balance as of December 31, 2014 $ 513.6 $ 169.7 $ 454.6 $ 54.9 $ 1,192.8 Acquisitions 5.1 — 9.0 7.7 21.8 Foreign currency translation — (55.8 ) (28.7 ) (6.4 ) (90.9 ) Balance as of September 30, 2015 $ 518.7 $ 113.9 $ 434.9 $ 56.2 $ 1,123.7 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	9 Months Ended
	Sep. 30, 2015
Indebtedness [Abstract]
Indebtedness	INDEBTEDNESS Indebtedness consisted of the following at September 30, 2015 and December 31, 2014 (in millions): September 30, 2015 December 31, 2014 4 1 / 2 % Senior term loan due 2016 $ 223.4 $ 242.0 Credit facility, expiring 2020 653.1 404.4 1.056% Senior term loan due 2020 223.4 — 5 7 / 8 % Senior notes due 2021 301.6 300.0 Other long-term debt 139.5 145.5 1,541.0 1,091.9 Less: Current portion of long-term debt (87.4 ) (94.3 ) 4 1 / 2 % Senior term loan due 2016 (223.4 ) — Total indebtedness, less current portion $ 1,230.2 $ 997.6 4 1 / 2 % Senior Term Loan The Company’s €200.0 million (or approximately $223.4 million as of September 30, 2015 ) 4 1 / 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 4 1 / 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 €312.0 million (or approximately $348.5 million as of September 30, 2015) term loan facility. The Company is not required to make quarterly payments towards the term loan facility. On June 19, 2015, the Company amended its current credit facility agreement, providing the Company with the ability to replace the current term loan facility denominated in United States dollars with an equivalent amount denominated in Euros. In August 2015, the Company replaced the outstanding term loan facility in the amount of $355.0 million , denominated in U.S. dollars, with an equivalent amount denominated in Euros. The Company also extended the maturity date of the credit facility from June 28, 2019 to June 26, 2020 and amended the interest rate margin. Under the amended credit facility agreement, interest accrues on amounts outstanding, at the Company’s option, depending on the currency borrowed, at either (1) LIBOR or EURIBOR plus a margin ranging from 1.0% to 1.75% 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 0.25% based on the Company’s leverage ratio. Previously, the interest accrued 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. As is more fully described below and in Note 11 to the Condensed Consolidated Financial Statements, the Company entered into an interest rate swap in August 2015 to convert the term loan facility’s floating interest rate to a fixed interest rate of 0.33% plus the applicable margin over the remaining life of the term loan facility. 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 September 30, 2015 , the Company had $653.1 million of outstanding borrowings under the credit facility and availability to borrow approximately $495.4 million . Approximately $304.6 million was outstanding under the multi-currency revolving credit facility and €312.0 million (or approximately $348.5 million ) was outstanding under the term loan facility as of September 30, 2015 . As of December 31, 2014 , the Company had $404.4 million of outstanding borrowings under its former 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 . During the third quarter of 2015, the Company designated the €312.0 million ( $348.5 million at September 30, 2015) term loan facility as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. See Note 11 to the Condensed Consolidated Financial Statements for additional information about the net investment hedge. 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 $223.4 million as of September 30, 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 $301.6 million of 5 7 / 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. As is more fully described below and in Note 11 to the Condensed Consolidated Financial Statements, the Company entered into an interest rate swap in August 2015 to convert the senior notes’ fixed interest rate to a floating interest rate over the remaining life of the senior notes (a weighted average interest rate of 4.45% from the date of inception of the interest rate swap to September 30, 2015 ). Interest Rate Swap Contracts As previously discussed, the Company entered into two interest rate swap contracts during the three months ended September 30, 2015 . One of the interest rate swap contracts converted the fixed interest rate for the Company’s 5 7 / 8 % senior notes to a floating interest rate over the life of the notes and was accounted for as a fair value hedge. The other interest rate swap contract converted the floating interest rate for the Company’s term loan facility to a fixed interest rate over the life of the facility and was accounted for as a cash flow hedge. See Note 11 to the Condensed Consolidated Financial Statements for additional information about the Company’s interest rate swap contracts. 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 September 30, 2015 and December 31, 2014 , outstanding letters of credit totaled $17.6 million and $18.5 million , respectively.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories at September 30, 2015 and December 31, 2014 were as follows (in millions): September 30, 2015 December 31, 2014 Finished goods $ 671.2 $ 616.6 Repair and replacement parts 531.2 536.4 Work in process 118.5 130.5 Raw materials 378.4 467.2 Inventories, net $ 1,699.3 $ 1,750.7

Product Warranty

Product Warranty	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Product Warranty	PRODUCT WARRANTY The warranty reserve activity for the three and nine months ended September 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Balance at beginning of period $ 261.3 $ 303.9 $ 284.6 $ 294.9 Acquisition — 0.5 — 0.5 Accruals for warranties issued during the period 33.2 51.0 110.5 149.9 Settlements made (in cash or in kind) during the period (45.7 ) (59.3 ) (132.8 ) (150.1 ) Foreign currency translation (3.7 ) (13.7 ) (17.2 ) (12.8 ) Balance at September 30 $ 245.1 $ 282.4 $ 245.1 $ 282.4 The Company’s agricultural equipment products generally are 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 $206.4 million and $245.7 million of warranty reserves are included in “Accrued expenses” in the Company’s Condensed Consolidated Balance Sheets as of September 30, 2015 and December 31, 2014 , respectively. Approximately $38.7 million and $38.9 million of warranty reserves are included in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets as of September 30, 2015 and December 31, 2014 , respectively.

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Sep. 30, 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. During 2014, the appreciation of the excess conversion value of the Company’s former contingently convertible senior subordinate notes was included in the diluted net income per common share using the treasury stock method when the impact of such assumptions was 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 and nine months ended September 30, 2015 and 2014 is as follows (in millions, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Basic net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 67.1 $ 65.0 $ 204.3 $ 332.8 Weighted average number of common shares outstanding 86.6 93.5 87.7 94.2 Basic net income per share attributable to AGCO Corporation and subsidiaries $ 0.77 $ 0.70 $ 2.33 $ 3.53 Diluted net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 67.1 $ 65.0 $ 204.3 $ 332.8 Weighted average number of common shares outstanding 86.6 93.5 87.7 94.2 Dilutive SSARs, performance share awards and restricted stock units 0.1 0.2 0.1 0.3 Weighted average assumed conversion of contingently convertible senior subordinated notes — 0.1 — 0.7 Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share 86.7 93.8 87.8 95.2 Diluted net income per share attributable to AGCO Corporation and subsidiaries $ 0.77 $ 0.69 $ 2.33 $ 3.50 SSARs to purchase approximately 0.9 million shares of the Company’s common stock for the three and nine months ended September 30, 2015 and approximately 1.1 million shares of the Company’s common stock for the three and nine months ended September 30, 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	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES At September 30, 2015 and December 31, 2014 , the Company had approximately $133.9 million and $130.6 million , respectively, of unrecognized tax benefits, all of which would affect the Company’s effective tax rate if recognized. At September 30, 2015 and December 31, 2014 , the Company had approximately $62.2 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 September 30, 2015 and December 31, 2014 , the Company had accrued interest and penalties related to unrecognized tax benefits of $17.1 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 Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 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 or the net investment hedges in foreign operations. When it is determined that a derivative is no longer highly effective as a hedge, hedge accounting is discontinued on a prospective basis. The Company categorizes its derivative assets and liabilities into one of three levels based on the assumptions used in valuing the asset or liability. See Note 15 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. Foreign Currency and Interest Rate 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 may be partially hedged from time to time. 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 uses floating rate and fixed rate debt to finance its operations. The floating rate debt obligations expose the Company to variability in interest payments due to changes in the EURIBOR and LIBOR benchmark interest rates. The Company believes it is prudent to limit the variability of a portion of its interest payments, and to meet that objective, the Company periodically enters into interest rate swaps to manage the interest rate risk associated with the Company’s 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 Finance 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. 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. Derivative Transactions Designated as Hedging Instruments Foreign Currency Contracts 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 are recorded in other comprehensive 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 that was reclassified into cost of goods sold during the nine months ended September 30, 2015 and 2014 was approximately $1.6 million and $0.4 million , respectively, on an after-tax basis. The outstanding contracts as of September 30, 2015 range in maturity through December 2015 . The Company had outstanding foreign currency contracts with a notional amount of approximately $17.7 million and $23.8 million as of September 30, 2015 and December 31, 2014 , respectively, that were entered into to hedge forecasted sale and purchase transactions. Interest Rate Swap Contracts Cash Flow Hedge During the three months ended September 30, 2015 , the Company entered into an interest rate swap instrument with a notional amount of €312.0 million (or approximately $348.5 million at September 30, 2015 ) and an expiration date of June 26, 2020. The swap was designated and accounted for as a cash flow hedge. Under the swap agreement, the Company pays a fixed interest rate of 0.33% plus the applicable margin, and the counterparty to the agreement pays a floating interest rate based on the three-month EURIBOR. Changes in the fair value of the interest rate swap are recorded in other comprehensive loss. These amounts are subsequently reclassified into interest expense as a rate adjustment in the same period in which the related interest on the Company’s floating rate term loan facility affects earnings. For both the three and nine months ended September 30, 2015 , the effective portion of the unrealized change in fair value, net of tax, was a loss of approximately $1.5 million , which was recorded in other comprehensive loss. The amount of the net loss recorded in other comprehensive loss that was reclassified into interest expense during both the three and nine months ended September 30, 2015 was approximately $0.1 million , on an after-tax basis. There was no ineffectiveness during the three and nine months ended September 30, 2015 . Fair Value Hedge During the three months ended September 30, 2015 , the Company entered into an interest rate swap instrument with a notional amount of $300.0 million and an expiration date of December 1, 2021 designated as a fair value hedge of the Company’s 5 7 / 8 % senior notes (Note 6). Under the interest rate swap, the Company pays a floating interest rate based on the three-month LIBOR plus a spread of 4.14% (or a weighted average interest rate of 4.45% from the date of inception of the interest rate swap to September 30, 2015 ) and the counterparty to the agreement pays a fixed interest rate of 5 7 / 8 %. The gains and losses related to changes in the fair value of the interest rate swap are recorded to “Interest expense, net” and offset changes in the fair value of the underlying hedged 5 7 / 8 % senior notes. For both the three and nine months ended September 30, 2015 , the Company recorded unrealized losses on the hedged debt of approximately $1.6 million in “Interest expense, net” in the Condensed Consolidated Statements of Operations. The unrealized gains of approximately $1.6 million on the related interest rate swap instrument offset such unrealized losses, and were also recorded in “Interest expense, net” in the Condensed Consolidated Statements of Operations. The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the nine months ended September 30, 2015 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2014 $ (0.2 ) $ (0.1 ) $ (0.1 ) Net changes in fair value of derivatives (4.4 ) (1.0 ) (3.4 ) Net losses reclassified from accumulated other comprehensive loss into income 1.9 0.2 1.7 Accumulated derivative net losses as of September 30, 2015 $ (2.7 ) $ (0.9 ) $ (1.8 ) Net Investment Hedges The Company uses non-derivative (foreign currency denominated debt) and derivative (foreign currency contracts) instruments to hedge a portion of its net investment in foreign operations against adverse movements in exchange rates. The Company measures ineffectiveness on these derivatives based on changes in forward rates. For instruments that are designated as hedges of net investments in foreign operations, changes in the fair value of the derivative instruments are recorded in foreign currency translation adjustments, a component of accumulated other comprehensive loss, to offset changes in the value of the net investments being hedged. When the net investment in foreign operations is sold or substantially liquidates, the amounts recorded in accumulated other comprehensive loss are reclassified to earnings. To the extent foreign currency denominated debt is dedesignated from a net investment hedge relationship, changes in the value of the foreign currency denominated debt are recorded in earnings through the maturity date. During the three months ended September 30, 2015 , the Company designated its €312.0 million (or approximately $348.5 million at September 30, 2015 ) term loan facility with a maturity date of June 26, 2020 as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. For both the three and nine months ended September 30, 2015 , $2.1 million of foreign currency gains were included in the cumulative translation adjustment component of accumulated other comprehensive loss. During the three months ended September 30, 2015 , the Company designated foreign currency contracts with a notional amount of €200.0 million (or approximately $223.4 million at September 30, 2015) and a maturity date of December 1, 2015 as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. For both the three and nine months ended September 30, 2015 , approximately $3.5 million of foreign currency gains were included in the cumulative translation adjustment component of accumulated other comprehensive loss. There was no ineffectiveness during both the three and nine months ended September 30, 2015 . Derivative Transactions Not Designated as Hedging Instruments During 2015 and 2014 , the Company entered into foreign currency contracts to economically 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 September 30, 2015 and December 31, 2014 , the Company had outstanding foreign currency contracts with a notional amount of approximately $1,054.9 million and $1,810.5 million , respectively, that were entered into to economically 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 (income) expense, net.” For the three and nine months ended September 30, 2015 , the Company recorded a net loss of approximately $6.5 million and $46.8 million , respectively, within “Other (income)expense, net” related to these contracts. For the three and nine months ended September 30, 2014 , the Company recorded a net gain of approximately $7.3 million and $13.2 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 September 30, 2015 (in millions): Asset Derivatives as of September 30, 2015 Liability Derivatives as of September 30, 2015 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ — Other current liabilities $ 0.5 Interest rate swap contracts Other noncurrent assets 1.6 Other noncurrent liabilities 2.3 Net investment hedges Other current assets 3.5 Other current liabilities — Total derivatives designated as hedging instruments $ 5.1 $ 2.8 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 2.5 Other current liabilities 13.4 Total derivative instruments $ 7.6 $ 16.2 The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions): Asset Derivatives as of December 31, 2014 Liability Derivatives as of December 31, 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair 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

Changes in Stockholders' Equity

Changes in Stockholders' Equity	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2015 (in millions): Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Stockholders’ Equity Balance, December 31, 2014 $ 0.9 $ 582.5 $ 3,771.6 $ (906.5 ) $ 48.4 $ 3,496.9 Stock compensation — 10.6 — — — 10.6 Issuance of performance award stock — (5.5 ) — — — (5.5 ) SSARs exercised — (0.6 ) — — — (0.6 ) Comprehensive income (loss): Net income (loss) — — 204.3 — (1.6 ) 202.7 Other comprehensive loss, net of reclassification adjustments: Foreign currency translation adjustments — — — (515.7 ) (1.8 ) (517.5 ) Defined benefit pension plans, net of tax — — — 6.7 — 6.7 Unrealized loss on derivatives, net of tax — — — (1.7 ) — (1.7 ) Payment of dividends to stockholders — — (31.7 ) — — (31.7 ) Purchases and retirement of common stock — (187.5 ) — — — (187.5 ) Changes in noncontrolling interest — — — — 1.1 1.1 Balance, September 30, 2015 $ 0.9 $ 399.5 $ 3,944.2 $ (1,417.2 ) $ 46.1 $ 2,973.5 Total comprehensive loss attributable to noncontrolling interests for the three and nine months ended September 30, 2015 and to noncontrolling interests and redeemable noncontrolling interest for the three and nine months ended September 30, 2014 was as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net income (loss) $ 0.1 $ (2.5 ) $ (1.6 ) $ (5.1 ) Other comprehensive loss: Foreign currency translation adjustments (2.6 ) — (1.8 ) (0.3 ) Total comprehensive loss $ (2.5 ) $ (2.5 ) $ (3.4 ) $ (5.4 ) 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 nine months ended September 30, 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 — (3.4 ) (515.7 ) (519.1 ) Net losses reclassified from accumulated other comprehensive loss 6.7 1.7 — 8.4 Other comprehensive income (loss), net of reclassification adjustments 6.7 (1.7 ) (515.7 ) (510.7 ) Accumulated other comprehensive loss, September 30, 2015 $ (246.6 ) $ (1.8 ) $ (1,168.8 ) $ (1,417.2 ) 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 September 30, 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 September 30, 2015 (1) Three months ended September 30, 2014 (1) Derivatives: Net losses on foreign currency contracts $ 0.6 $ 0.3 Cost of goods sold Net losses on interest rate swap contracts 0.1 — Interest expense, net Reclassification before tax 0.7 0.3 (0.1 ) 0.1 Income tax provision Reclassification net of tax $ 0.6 $ 0.4 Defined benefit pension plans: Amortization of net actuarial loss $ 2.9 $ 2.2 (2) Amortization of prior service cost 0.1 0.3 (2) Reclassification before tax 3.0 2.5 (0.7 ) (0.6 ) Income tax provision Reclassification net of tax $ 2.3 $ 1.9 Net losses reclassified from accumulated other comprehensive loss $ 2.9 $ 2.3 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended September 30, 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 14 to the Company’s Condensed Consolidated Financial Statements. The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the nine months ended September 30, 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 Nine months ended September 30, 2015 (1) Nine months ended September 30, 2014 (1) Derivatives: Net losses on foreign currency contracts $ 1.8 $ 0.2 Cost of goods sold Net losses on interest rate swap contracts 0.1 — Interest expense, net Reclassification before tax 1.9 0.2 (0.2 ) 0.2 Income tax provision Reclassification net of tax $ 1.7 $ 0.4 Defined benefit pension plans: Amortization of net actuarial loss $ 8.5 $ 6.6 (2) Amortization of prior service cost 0.4 0.8 (2) Reclassification before tax 8.9 7.4 (2.2 ) (1.8 ) Income tax provision Reclassification net of tax $ 6.7 $ 5.6 Net losses reclassified from accumulated other comprehensive loss $ 8.4 $ 6.0 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the nine months ended September 30, 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 14 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 Company’s 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 nine months ended September 30, 2015 , the Company entered into accelerated share repurchase (“ASR”)agreements with a financial institution to repurchase an aggregate of $187.5 million of shares of the Company’s common stock. The Company received approximately 3,488,063 shares during the nine months ended September 30, 2015 related to the ASR agreements. All shares received under the ASR agreements 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 $344.2 million .

Accounts Receivable Sales Agree

Accounts Receivable Sales Agreements	9 Months Ended
	Sep. 30, 2015
Accounts Receivable Sales Agreements [Abstract]
Accounts Receivable Sales Agreements	ACCOUNTS RECEIVABLE SALES AGREEMENTS As of September 30, 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. During the third quarter of 2015, the Company entered into an accounts receivable sales agreement that permits the sale, on an ongoing basis, of its wholesale receivables in Brazil to its Brazilian finance joint venture. As of September 30, 2015 and December 31, 2014 , the cash received from receivables sold under the U.S., Canadian, European and Brazilian 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, Europe and Brazil, 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 $4.0 million and $13.4 million during the three and nine months ended September 30, 2015 , respectively. 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 $4.8 million and $19.0 million during the three and nine months ended September 30, 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 September 30, 2015 and December 31, 2014 , these finance joint ventures had approximately $19.7 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	9 Months Ended
	Sep. 30, 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 September 30, 2015 and 2014 are set forth below (in millions): Three Months Ended September 30, Pension benefits 2015 2014 Service cost $ 4.6 $ 4.3 Interest cost 7.8 9.4 Expected return on plan assets (11.2 ) (11.2 ) Amortization of net actuarial loss 2.8 2.1 Amortization of prior service cost 0.1 0.2 Net periodic pension cost $ 4.1 $ 4.8 Three Months Ended September 30, Postretirement benefits 2015 2014 Interest cost $ 0.3 $ 0.4 Amortization of net actuarial loss 0.1 0.1 Amortization of prior service cost — 0.1 Net periodic postretirement benefit cost $ 0.4 $ 0.6 Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the nine months ended September 30, 2015 and 2014 are set forth below (in millions): Nine Months Ended September 30, Pension benefits 2015 2014 Service cost $ 13.9 $ 12.9 Interest cost 23.4 28.2 Expected return on plan assets (33.4 ) (33.6 ) Amortization of net actuarial loss 8.4 6.5 Amortization of prior service cost 0.3 0.6 Net periodic pension cost $ 12.6 $ 14.6 Nine Months Ended September 30, Postretirement benefits 2015 2014 Service cost $ — $ 0.1 Interest cost 1.0 1.2 Amortization of net actuarial loss 0.1 0.1 Amortization of prior service cost 0.1 0.2 Net periodic postretirement benefit cost $ 1.2 $ 1.6 The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the nine months ended September 30, 2015 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2014 $ (341.5 ) $ (88.2 ) $ (253.3 ) Amortization of net actuarial loss 8.5 2.1 6.4 Amortization of prior service cost 0.4 0.1 0.3 Accumulated other comprehensive loss as of September 30, 2015 $ (332.6 ) $ (86.0 ) $ (246.6 ) During the nine months ended September 30, 2015 , approximately $28.2 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 $36.4 million . During the nine months ended September 30, 2015 , the Company made approximately $1.0 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 . In October 2015, the Company amended its Executive Nonqualified Pension Plan (“ENPP”) to (a) limit participation to only those individuals who were participants in the ENPP as of July 31, 2015, (b) add an additional benefit, commencing at the end of the current 15-year benefit period, providing each participant an annuity in an amount equal to the annual payment during that 15-year period (or an equivalent value if a joint and survivor annuity is selected by the participant), and (c) to make various other administrative changes. The new benefit generally will be available only to participants who retire on or after reaching normal retirement age and otherwise have a vested benefit under the plan.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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 11). 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. The Company entered into an interest rate swap instrument designated as a fair value hedge of the Company’s 5 7 / 8 % senior notes (Note 11). The Company’s trading securities consist of government bonds. Assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 are summarized below (in millions): As of September 30, 2015 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 7.6 $ — $ 7.6 Derivative liabilities $ — $ 16.2 $ — $ 16.2 5 7 / 8 % Senior notes $ — $ 301.6 $ — $ 301.6 Trading securities $ — $ 5.4 $ — $ 5.4 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 4 1 / 2 % senior term loan, credit facility and 1.056% senior term loan (Note 6) approximate fair value based on the borrowing rates currently available to the Company for loans with similar terms and average maturities. At December 31, 2014 , the estimated fair value of the Company’s 5 7 / 8 % senior notes (Note 6), based on the listed market value, was $337.6 million compared to the carrying value of $300.0 million .

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 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 (loss) 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 (loss) from operations for one segment may not be comparable to another segment. Segment results for the three and nine months ended September 30, 2015 and 2014 and assets as of September 30, 2015 and December 31, 2014 based on the Company’s reportable segments are as follows (in millions): Three Months Ended September 30, North South Europe/Africa/ Asia/ Consolidated 2015 Net sales $ 494.9 $ 231.4 $ 894.3 $ 115.8 $ 1,736.4 Income (loss) from operations 40.9 10.5 68.9 (2.5 ) 117.8 Depreciation 16.0 4.9 29.5 3.4 53.8 Capital expenditures 10.3 7.4 18.4 9.7 45.8 2014 Net sales $ 531.3 $ 455.0 $ 1,026.0 $ 142.5 $ 2,154.8 Income (loss) from operations 37.3 36.4 57.0 (1.0 ) 129.7 Depreciation 15.1 7.1 34.1 4.8 61.1 Capital expenditures 14.0 14.1 35.7 10.0 73.8 Nine Months Ended September 30, North America South America Europe/Africa/ Middle East Asia/ Pacific Consolidated 2015 Net sales $ 1,530.5 $ 760.7 $ 2,939.4 $ 277.7 $ 5,508.3 Income (loss) from operations 116.4 38.8 284.0 (25.4 ) 413.8 Depreciation 46.5 16.4 89.9 9.2 162.0 Capital expenditures 36.3 17.4 65.7 27.7 147.1 2014 Net sales $ 1,865.0 $ 1,248.8 $ 3,783.8 $ 340.9 $ 7,238.5 Income (loss) from operations 188.3 94.2 366.0 (5.6 ) 642.9 Depreciation 44.5 19.9 104.3 11.7 180.4 Capital expenditures 50.7 30.6 117.8 30.2 229.3 Assets As of September 30, 2015 $ 1,021.5 $ 567.8 $ 1,904.3 $ 394.6 $ 3,888.2 As of December 31, 2014 $ 1,026.9 $ 719.8 $ 2,036.0 $ 353.8 $ 4,136.5 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Segment income from operations $ 117.8 $ 129.7 $ 413.8 $ 642.9 Corporate expenses (24.7 ) (28.7 ) (81.1 ) (88.3 ) Stock compensation (expense) credit (3.2 ) 21.0 (10.1 ) 9.8 Restructuring and other infrequent expenses — (2.9 ) (14.6 ) (2.9 ) Amortization of intangibles (10.8 ) (10.4 ) (32.2 ) (30.4 ) Consolidated income from operations $ 79.1 $ 108.7 $ 275.8 $ 531.1 September 30, 2015 December 31, 2014 Segment assets $ 3,888.2 $ 4,136.5 Cash and cash equivalents 425.4 363.7 Receivables from affiliates 119.3 108.4 Investments in affiliates 403.3 424.1 Deferred tax assets, other current and noncurrent assets 591.0 616.6 Intangible assets, net 520.7 553.8 Goodwill 1,123.7 1,192.8 Consolidated total assets $ 7,071.6 $ 7,395.9

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 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 September 30, 2015 , the Company has outstanding guarantees of indebtedness owed to third parties of approximately $60.0 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. During the third quarter of 2015 , the Company entered into an accounts receivable sales agreement that permits the sale, on an ongoing basis, of our wholesale receivables in Brazil to our Brazilian finance joint venture. 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 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 September 30, 2015 , not including interest and penalties, was approximately 131.5 million Brazilian reais (or approximately $33.0 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)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”). ASU 2015-16 amends existing guidance to require that an acquirer in a business combination recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. In addition, an entity is required to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in earnings by line item that would have been recorded in previous reporting periods if the adjustments to the provisional amounts had been recognized as of the acquisition date. Prior period information is no longer to be revised. The standard is effective prospectively for adjustments to provisional amounts that occur after 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 July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory” (“ASU 2015-11”), which changes the measurement principle for inventory from the “lower of cost or market” to “lower of cost and net realizable value.” The new principle is part of the FASB’s simplification initiative and applies to entities that measure inventory using a method other than the last-in, first-out (“LIFO”) or the retail inventory methods. Entities using the first-in, first-out (“FIFO”) or average cost methods of measuring inventory no longer will need to consider replacement cost or net realizable value less an approximate normal profit margin in the subsequent measurement of inventory. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The standard does not amend or change the determination of the cost of inventory. The standard is effective prospectively for inventory measurements for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. 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 April 2015, the FASB issued 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. Given the absence of authoritative guidance within ASU 2015-03, in August 2015 the FASB issued ASU 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements” (“ASU 2015-15”), which clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. ASU 2015-03 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 also will be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 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. On July 9, 2015, the FASB delayed the effective date of ASU 2014-09 by one year or to reporting periods beginning after December 15, 2017. Early adoption is permitted, but not any earlier than the original effective date. 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 or the net investment hedges in foreign operations. When it is determined that a derivative is no longer highly effective as a hedge, hedge accounting is discontinued on a prospective basis.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Schedule of identifiable intangible assets	The acquired identifiable intangible assets of Farmer Automatic as of the date of the acquisition are summarized in the following table (in millions): Intangible Asset Amount Weighted-Average Useful Life Customer relationships $ 4.1 10 years Technology 3.6 10 years Trademarks 1.9 10 years $ 9.6

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock Compensation Expense	The Company recorded stock compensation expense (credit) as follows for the three and nine months ended September 30, 2015 and 2014 (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of goods sold $ 0.3 $ (1.8 ) $ 0.8 $ (1.0 ) Selling, general and administrative expenses 3.2 (21.0 ) 10.1 (9.8 ) Total stock compensation expense (credit) $ 3.5 $ (22.8 ) $ 10.9 $ (10.8 )
Performance Award Transactions	Performance award transactions during the nine months ended September 30, 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 861,686 Shares forfeited or unearned (53,671 ) Shares earned — Shares awarded but not earned at September 30 3,289,782
Restricted Stock Unit Award Transactions	RSU transactions during the nine months ended September 30, 2015 were as follows: Shares awarded but not vested at January 1 — Shares awarded 144,398 Shares forfeited (3,100 ) Shares vested — Shares awarded but not vested at September 30 141,298
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 nine months ended September 30, 2015 and 2014 : Nine Months Ended September 30, 2015 2014 Weighted average grant-date fair value $ 7.41 $ 13.11 Weighted average assumptions under Black-Scholes option pricing model: Expected life of awards (years) 3.0 3.0 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 nine months ended September 30, 2015 were as follows: SSARs outstanding at January 1 1,220,824 SSARs granted 325,200 SSARs exercised (56,300 ) SSARs canceled or forfeited (92,544 ) SSARs outstanding at September 30 1,397,180 SSAR price ranges per share: Granted $ 43.88 Exercised 21.45-52.94 Canceled or forfeited 43.88-56.98 Weighted average SSAR exercise prices per share: Granted $ 43.88 Exercised 27.27 Canceled or forfeited 56.43 Outstanding at September 30 49.33
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 September 30, 2015 : SSARs Outstanding SSARs Exercisable Range of Exercise Prices Number of Shares Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price $21.45 – $32.01 15,500 0.6 $ 23.32 15,500 $ 23.32 $33.65 – $43.88 437,800 5.0 $ 41.24 115,175 $ 33.83 $47.89 – $63.64 943,880 4.1 $ 53.52 543,049 $ 52.96 1,397,180 673,724

Goodwill and Other Intangible27

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2015 are summarized as follows (in millions): Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Gross carrying amounts: Balance as of December 31, 2014 $ 123.5 $ 513.8 $ 94.0 $ 9.7 $ 741.0 Acquisition 1.9 4.1 3.6 — 9.6 Foreign currency translation (2.6 ) (23.3 ) (3.9 ) (0.2 ) (30.0 ) Balance as of September 30, 2015 $ 122.8 $ 494.6 $ 93.7 $ 9.5 $ 720.6 Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Accumulated amortization: Balance as of December 31, 2014 $ 36.4 $ 180.8 $ 56.1 $ 2.9 $ 276.2 Amortization expense 5.1 24.0 3.0 0.1 32.2 Foreign currency translation (0.9 ) (17.5 ) (3.8 ) (0.1 ) (22.3 ) Balance as of September 30, 2015 $ 40.6 $ 187.3 $ 55.3 $ 2.9 $ 286.1
Schedule of Indefinite-lived Intangible Assets by Major Class	Trademarks and Tradenames Indefinite-lived intangible assets: Balance as of December 31, 2014 $ 89.0 Foreign currency translation (2.8 ) Balance as of September 30, 2015 $ 86.2
Schedule of Goodwill	Changes in the carrying amount of goodwill during the nine months ended September 30, 2015 are summarized as follows (in millions): North America South America Europe/Africa/ Middle East Asia/ Pacific Consolidated Balance as of December 31, 2014 $ 513.6 $ 169.7 $ 454.6 $ 54.9 $ 1,192.8 Acquisitions 5.1 — 9.0 7.7 21.8 Foreign currency translation — (55.8 ) (28.7 ) (6.4 ) (90.9 ) Balance as of September 30, 2015 $ 518.7 $ 113.9 $ 434.9 $ 56.2 $ 1,123.7

Indebtedness (Tables)

Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2015
Indebtedness [Abstract]
Components Of Indebtedness	Indebtedness consisted of the following at September 30, 2015 and December 31, 2014 (in millions): September 30, 2015 December 31, 2014 4 1 / 2 % Senior term loan due 2016 $ 223.4 $ 242.0 Credit facility, expiring 2020 653.1 404.4 1.056% Senior term loan due 2020 223.4 — 5 7 / 8 % Senior notes due 2021 301.6 300.0 Other long-term debt 139.5 145.5 1,541.0 1,091.9 Less: Current portion of long-term debt (87.4 ) (94.3 ) 4 1 / 2 % Senior term loan due 2016 (223.4 ) — Total indebtedness, less current portion $ 1,230.2 $ 997.6

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at September 30, 2015 and December 31, 2014 were as follows (in millions): September 30, 2015 December 31, 2014 Finished goods $ 671.2 $ 616.6 Repair and replacement parts 531.2 536.4 Work in process 118.5 130.5 Raw materials 378.4 467.2 Inventories, net $ 1,699.3 $ 1,750.7

Product Warranty (Tables)

Product Warranty (Tables)	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Schedule of Warranty Reserve Activity	The warranty reserve activity for the three and nine months ended September 30, 2015 and 2014 consisted of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Balance at beginning of period $ 261.3 $ 303.9 $ 284.6 $ 294.9 Acquisition — 0.5 — 0.5 Accruals for warranties issued during the period 33.2 51.0 110.5 149.9 Settlements made (in cash or in kind) during the period (45.7 ) (59.3 ) (132.8 ) (150.1 ) Foreign currency translation (3.7 ) (13.7 ) (17.2 ) (12.8 ) Balance at September 30 $ 245.1 $ 282.4 $ 245.1 $ 282.4

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2015 and 2014 is as follows (in millions, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Basic net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 67.1 $ 65.0 $ 204.3 $ 332.8 Weighted average number of common shares outstanding 86.6 93.5 87.7 94.2 Basic net income per share attributable to AGCO Corporation and subsidiaries $ 0.77 $ 0.70 $ 2.33 $ 3.53 Diluted net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 67.1 $ 65.0 $ 204.3 $ 332.8 Weighted average number of common shares outstanding 86.6 93.5 87.7 94.2 Dilutive SSARs, performance share awards and restricted stock units 0.1 0.2 0.1 0.3 Weighted average assumed conversion of contingently convertible senior subordinated notes — 0.1 — 0.7 Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share 86.7 93.8 87.8 95.2 Diluted net income per share attributable to AGCO Corporation and subsidiaries $ 0.77 $ 0.69 $ 2.33 $ 3.50

Derivative Instruments and He32

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2015 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2014 $ (0.2 ) $ (0.1 ) $ (0.1 ) Net changes in fair value of derivatives (4.4 ) (1.0 ) (3.4 ) Net losses reclassified from accumulated other comprehensive loss into income 1.9 0.2 1.7 Accumulated derivative net losses as of September 30, 2015 $ (2.7 ) $ (0.9 ) $ (1.8 )
Fair Value Of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of September 30, 2015 (in millions): Asset Derivatives as of September 30, 2015 Liability Derivatives as of September 30, 2015 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ — Other current liabilities $ 0.5 Interest rate swap contracts Other noncurrent assets 1.6 Other noncurrent liabilities 2.3 Net investment hedges Other current assets 3.5 Other current liabilities — Total derivatives designated as hedging instruments $ 5.1 $ 2.8 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 2.5 Other current liabilities 13.4 Total derivative instruments $ 7.6 $ 16.2 The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions): Asset Derivatives as of December 31, 2014 Liability Derivatives as of December 31, 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair 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 measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 are summarized below (in millions): As of September 30, 2015 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 7.6 $ — $ 7.6 Derivative liabilities $ — $ 16.2 $ — $ 16.2 5 7 / 8 % Senior notes $ — $ 301.6 $ — $ 301.6 Trading securities $ — $ 5.4 $ — $ 5.4 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' Equi33

Changes in Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2015 (in millions): Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Stockholders’ Equity Balance, December 31, 2014 $ 0.9 $ 582.5 $ 3,771.6 $ (906.5 ) $ 48.4 $ 3,496.9 Stock compensation — 10.6 — — — 10.6 Issuance of performance award stock — (5.5 ) — — — (5.5 ) SSARs exercised — (0.6 ) — — — (0.6 ) Comprehensive income (loss): Net income (loss) — — 204.3 — (1.6 ) 202.7 Other comprehensive loss, net of reclassification adjustments: Foreign currency translation adjustments — — — (515.7 ) (1.8 ) (517.5 ) Defined benefit pension plans, net of tax — — — 6.7 — 6.7 Unrealized loss on derivatives, net of tax — — — (1.7 ) — (1.7 ) Payment of dividends to stockholders — — (31.7 ) — — (31.7 ) Purchases and retirement of common stock — (187.5 ) — — — (187.5 ) Changes in noncontrolling interest — — — — 1.1 1.1 Balance, September 30, 2015 $ 0.9 $ 399.5 $ 3,944.2 $ (1,417.2 ) $ 46.1 $ 2,973.5
Schedule of Comprehensive Income (Loss)	Total comprehensive loss attributable to noncontrolling interests for the three and nine months ended September 30, 2015 and to noncontrolling interests and redeemable noncontrolling interest for the three and nine months ended September 30, 2014 was as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net income (loss) $ 0.1 $ (2.5 ) $ (1.6 ) $ (5.1 ) Other comprehensive loss: Foreign currency translation adjustments (2.6 ) — (1.8 ) (0.3 ) Total comprehensive loss $ (2.5 ) $ (2.5 ) $ (3.4 ) $ (5.4 )
Summary of Accumulated Other Comprehensive (Loss) Income	The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the nine months ended September 30, 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 — (3.4 ) (515.7 ) (519.1 ) Net losses reclassified from accumulated other comprehensive loss 6.7 1.7 — 8.4 Other comprehensive income (loss), net of reclassification adjustments 6.7 (1.7 ) (515.7 ) (510.7 ) Accumulated other comprehensive loss, September 30, 2015 $ (246.6 ) $ (1.8 ) $ (1,168.8 ) $ (1,417.2 ) The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the nine months ended September 30, 2015 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2014 $ (341.5 ) $ (88.2 ) $ (253.3 ) Amortization of net actuarial loss 8.5 2.1 6.4 Amortization of prior service cost 0.4 0.1 0.3 Accumulated other comprehensive loss as of September 30, 2015 $ (332.6 ) $ (86.0 ) $ (246.6 )
Reclassification Out Of Accumulated Other Comprehensive Loss	The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the three months ended September 30, 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 September 30, 2015 (1) Three months ended September 30, 2014 (1) Derivatives: Net losses on foreign currency contracts $ 0.6 $ 0.3 Cost of goods sold Net losses on interest rate swap contracts 0.1 — Interest expense, net Reclassification before tax 0.7 0.3 (0.1 ) 0.1 Income tax provision Reclassification net of tax $ 0.6 $ 0.4 Defined benefit pension plans: Amortization of net actuarial loss $ 2.9 $ 2.2 (2) Amortization of prior service cost 0.1 0.3 (2) Reclassification before tax 3.0 2.5 (0.7 ) (0.6 ) Income tax provision Reclassification net of tax $ 2.3 $ 1.9 Net losses reclassified from accumulated other comprehensive loss $ 2.9 $ 2.3 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended September 30, 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 14 to the Company’s Condensed Consolidated Financial Statements. The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the nine months ended September 30, 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 Nine months ended September 30, 2015 (1) Nine months ended September 30, 2014 (1) Derivatives: Net losses on foreign currency contracts $ 1.8 $ 0.2 Cost of goods sold Net losses on interest rate swap contracts 0.1 — Interest expense, net Reclassification before tax 1.9 0.2 (0.2 ) 0.2 Income tax provision Reclassification net of tax $ 1.7 $ 0.4 Defined benefit pension plans: Amortization of net actuarial loss $ 8.5 $ 6.6 (2) Amortization of prior service cost 0.4 0.8 (2) Reclassification before tax 8.9 7.4 (2.2 ) (1.8 ) Income tax provision Reclassification net of tax $ 6.7 $ 5.6 Net losses reclassified from accumulated other comprehensive loss $ 8.4 $ 6.0 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the nine months ended September 30, 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 14 to the Company’s Condensed Consolidated Financial Statements.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 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 — (3.4 ) (515.7 ) (519.1 ) Net losses reclassified from accumulated other comprehensive loss 6.7 1.7 — 8.4 Other comprehensive income (loss), net of reclassification adjustments 6.7 (1.7 ) (515.7 ) (510.7 ) Accumulated other comprehensive loss, September 30, 2015 $ (246.6 ) $ (1.8 ) $ (1,168.8 ) $ (1,417.2 ) The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the nine months ended September 30, 2015 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2014 $ (341.5 ) $ (88.2 ) $ (253.3 ) Amortization of net actuarial loss 8.5 2.1 6.4 Amortization of prior service cost 0.4 0.1 0.3 Accumulated other comprehensive loss as of September 30, 2015 $ (332.6 ) $ (86.0 ) $ (246.6 )
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 September 30, 2015 and 2014 are set forth below (in millions): Three Months Ended September 30, Pension benefits 2015 2014 Service cost $ 4.6 $ 4.3 Interest cost 7.8 9.4 Expected return on plan assets (11.2 ) (11.2 ) Amortization of net actuarial loss 2.8 2.1 Amortization of prior service cost 0.1 0.2 Net periodic pension cost $ 4.1 $ 4.8 Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the nine months ended September 30, 2015 and 2014 are set forth below (in millions): Nine Months Ended September 30, Pension benefits 2015 2014 Service cost $ 13.9 $ 12.9 Interest cost 23.4 28.2 Expected return on plan assets (33.4 ) (33.6 ) Amortization of net actuarial loss 8.4 6.5 Amortization of prior service cost 0.3 0.6 Net periodic pension cost $ 12.6 $ 14.6
Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Pension And Postretirement Cost	Nine Months Ended September 30, Postretirement benefits 2015 2014 Service cost $ — $ 0.1 Interest cost 1.0 1.2 Amortization of net actuarial loss 0.1 0.1 Amortization of prior service cost 0.1 0.2 Net periodic postretirement benefit cost $ 1.2 $ 1.6 Three Months Ended September 30, Postretirement benefits 2015 2014 Interest cost $ 0.3 $ 0.4 Amortization of net actuarial loss 0.1 0.1 Amortization of prior service cost — 0.1 Net periodic postretirement benefit cost $ 0.4 $ 0.6

Fair Value of Financial Instr35

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of September 30, 2015 (in millions): Asset Derivatives as of September 30, 2015 Liability Derivatives as of September 30, 2015 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ — Other current liabilities $ 0.5 Interest rate swap contracts Other noncurrent assets 1.6 Other noncurrent liabilities 2.3 Net investment hedges Other current assets 3.5 Other current liabilities — Total derivatives designated as hedging instruments $ 5.1 $ 2.8 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 2.5 Other current liabilities 13.4 Total derivative instruments $ 7.6 $ 16.2 The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions): Asset Derivatives as of December 31, 2014 Liability Derivatives as of December 31, 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair 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 measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 are summarized below (in millions): As of September 30, 2015 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 7.6 $ — $ 7.6 Derivative liabilities $ — $ 16.2 $ — $ 16.2 5 7 / 8 % Senior notes $ — $ 301.6 $ — $ 301.6 Trading securities $ — $ 5.4 $ — $ 5.4 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)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Sales Information By Reportable Segments	Segment results for the three and nine months ended September 30, 2015 and 2014 and assets as of September 30, 2015 and December 31, 2014 based on the Company’s reportable segments are as follows (in millions): Three Months Ended September 30, North South Europe/Africa/ Asia/ Consolidated 2015 Net sales $ 494.9 $ 231.4 $ 894.3 $ 115.8 $ 1,736.4 Income (loss) from operations 40.9 10.5 68.9 (2.5 ) 117.8 Depreciation 16.0 4.9 29.5 3.4 53.8 Capital expenditures 10.3 7.4 18.4 9.7 45.8 2014 Net sales $ 531.3 $ 455.0 $ 1,026.0 $ 142.5 $ 2,154.8 Income (loss) from operations 37.3 36.4 57.0 (1.0 ) 129.7 Depreciation 15.1 7.1 34.1 4.8 61.1 Capital expenditures 14.0 14.1 35.7 10.0 73.8 Nine Months Ended September 30, North America South America Europe/Africa/ Middle East Asia/ Pacific Consolidated 2015 Net sales $ 1,530.5 $ 760.7 $ 2,939.4 $ 277.7 $ 5,508.3 Income (loss) from operations 116.4 38.8 284.0 (25.4 ) 413.8 Depreciation 46.5 16.4 89.9 9.2 162.0 Capital expenditures 36.3 17.4 65.7 27.7 147.1 2014 Net sales $ 1,865.0 $ 1,248.8 $ 3,783.8 $ 340.9 $ 7,238.5 Income (loss) from operations 188.3 94.2 366.0 (5.6 ) 642.9 Depreciation 44.5 19.9 104.3 11.7 180.4 Capital expenditures 50.7 30.6 117.8 30.2 229.3 Assets As of September 30, 2015 $ 1,021.5 $ 567.8 $ 1,904.3 $ 394.6 $ 3,888.2 As of December 31, 2014 $ 1,026.9 $ 719.8 $ 2,036.0 $ 353.8 $ 4,136.5
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Segment income from operations $ 117.8 $ 129.7 $ 413.8 $ 642.9 Corporate expenses (24.7 ) (28.7 ) (81.1 ) (88.3 ) Stock compensation (expense) credit (3.2 ) 21.0 (10.1 ) 9.8 Restructuring and other infrequent expenses — (2.9 ) (14.6 ) (2.9 ) Amortization of intangibles (10.8 ) (10.4 ) (32.2 ) (30.4 ) Consolidated income from operations $ 79.1 $ 108.7 $ 275.8 $ 531.1
Reconciliation of Assets from Segment to Consolidated	September 30, 2015 December 31, 2014 Segment assets $ 3,888.2 $ 4,136.5 Cash and cash equivalents 425.4 363.7 Receivables from affiliates 119.3 108.4 Investments in affiliates 403.3 424.1 Deferred tax assets, other current and noncurrent assets 591.0 616.6 Intangible assets, net 520.7 553.8 Goodwill 1,123.7 1,192.8 Consolidated total assets $ 7,071.6 $ 7,395.9

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Apr. 17, 2015	Sep. 30, 2015	Sep. 30, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase of businesses, net of cash acquired		$ 25.4	$ 130.4
Finite-lived intangible assets acquired		9.6
Goodwill acquired in acquisition		21.8
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired		$ 4.1
Farmer Automatic [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase of businesses, net of cash acquired	$ 17.9
Cash acquired from acquisition	0.1
Finite-lived intangible assets acquired	9.6
Goodwill acquired in acquisition	10
Farmer Automatic [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 4.1
Finite-lived intangible assets acquired, weighted average useful life	10 years
Farmer Automatic [Member] | Technology-Based Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 3.6
Finite-lived intangible assets acquired, weighted average useful life	10 years
Farmer Automatic [Member] | Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 1.9
Finite-lived intangible assets acquired, weighted average useful life	10 years

Restructuring and Other Infre38

Restructuring and Other Infrequent Expenses (Details) $ in Millions	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2015employees	Dec. 31, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, headcount reduction | employees						1,950
Restructuring and other infrequent expenses	$ 0	$ 2.9	$ 14.6	$ 14.6	$ 2.9		$ 46.4
Payments for restructuring				23.2			19
Restructuring Reserve	15.9			15.9			25.4
Foreign currency translation impacting severance and other related costs	$ 0.9			$ 0.9
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other infrequent expenses							$ 44.4

Stock Compensation Plans (Narra

Stock Compensation Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 23, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized		150,000,000		150,000,000	150,000,000		150,000,000
Stock compensation expense		$ 3.5	$ (22.8)		$ 10.9	$ (10.8)
2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized		10,000,000		10,000,000	10,000,000
Shares available for grant, shares		2,400,000		2,400,000	2,400,000
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					$ 45.54	$ 53.87
Shares awarded					861,686
Share-based compensation cost not yet recognized		$ 16.3		$ 16.3	$ 16.3
Share-based compensation, recognition period of unrecognized compensation cost, years					2 years
Number of shares not vested		3,289,782		3,289,782	3,289,782		2,481,767
Three Year Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded					724,752
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					$ 44.03
Shares awarded					144,398
Requisite period					3 years
Share-based compensation cost not yet recognized		$ 4.7		$ 4.7	$ 4.7
Share-based compensation, recognition period of unrecognized compensation cost, years					2 years
Number of shares not vested		141,298		141,298	141,298		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	$ 13.11
Share-based compensation cost not yet recognized		$ 7.1		$ 7.1	$ 7.1
Share-based compensation, recognition period of unrecognized compensation cost, years					2 years
Stock compensation expense		$ 1.3	$ 1.3		$ 3.8	$ 3.9
Weighted average remaining contractual life of SSARs outstanding, years					4 years
Total fair value of SSARs vested					$ 4.1
Number of shares not vested		723,456		723,456	723,456
Total intrinsic value of outstanding SSARs		$ 2.7		$ 2.7	$ 2.7
Total intrinsic value of exercisable SSARS		$ 1.8		$ 1.8	1.8
Total intrinsic value of SSARs exercised					$ 1.4
Margin Growth Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded					136,934
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense					$ 1.1
Weighted-average period for compensation cost expected to be recognized, years				1 year	3 years
Restricted stock issued, shares	22,095
Restricted common stocks issued, shares	15,711
Vesting Year One [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					33.33%
Vesting Year Two [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					33.33%
Vesting Year Three [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					33.33%

Stock Compensation Plans (Sched

Stock Compensation Plans (Schedule of Employee Service Share-based Compensation, Allocation of Recognized Costs) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$ 3.5	$ (22.8)	$ 10.9	$ (10.8)
Cost of goods sold [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	0.3	(1.8)	0.8	(1)
Selling, general and administrative expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$ 3.2	$ (21)	$ 10.1	$ (9.8)

Stock Compensation Plans (Perfo

Stock Compensation Plans (Performance Award Transactions) (Details) - Performance Shares [Member]	9 Months Ended
	Sep. 30, 2015shares
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	861,686
Shares forfeited or unearned	(53,671)
Shares earned	0
Shares awarded but not earned, end of period	3,289,782

Stock Compensation Plans (Restr

Stock Compensation Plans (Restricted Stock Unit Award Transactions) (Details) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2015shares
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	144,398
Shares forfeited or unearned	(3,100)
Shares earned	0
Shares awarded but not earned, end of period	141,298

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] - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value, dollars per share	$ 7.41	$ 13.11
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]	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
SSARs granted, dollars per share	43.88
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding [Roll Forward]
SSARs Outstanding, Beginning of Period, shares | shares	1,220,824
SSARs granted, shares | shares	325,200
SSARs exercised, shares | shares	(56,300)
SSARs canceled or forfeited, shares | shares	(92,544)
SSARs Outstanding, End of Period, shares | shares	1,397,180
Weighted average SSAR exercise prices per share:
Granted, dollars per share	$ 43.88
Exercised, dollars per share	27.27
Canceled or forfeited, dollars per share	56.43
Outstanding, dollars per share	$ 49.33
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
SSARs exercised, dollars per share	52.94
SSARs canceled, dollars per share	56.98
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
SSARs exercised, dollars per share	21.45
SSARs canceled, dollars per share	43.88

Stock Compensation Plans (Sch45

Stock Compensation Plans (Schedule Of SSAR Exercise Price Range, Number Of Shares, Weighted Average Exercise Price And Remaining Contractual Lives) (Details) - $ / shares	9 Months Ended
	Sep. 30, 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	1,397,180	1,220,824
Weighted Average Remaining Contractual Life, years	4 years
SSARs Exercisable
Number of Shares	673,724
Weighted Average Exercise Price, dollars per share
Stock Appreciation Rights (SARs) [Member] | $21.45 - $32.01 [Member]
SSARs Outstanding
SSARs Outstanding, shares	15,500
Weighted Average Remaining Contractual Life, years	7 months 6 days
Weighted Average Exercise Price, dollars per share	$ 23.32
SSARs Exercisable
Number of Shares	15,500
Weighted Average Exercise Price, dollars per share	$ 23.32
Stock Appreciation Rights (SARs) [Member] | $33.65 - $43.88 [Member]
SSARs Outstanding
SSARs Outstanding, shares	437,800
Weighted Average Remaining Contractual Life, years	5 years
Weighted Average Exercise Price, dollars per share	$ 41.24
SSARs Exercisable
Number of Shares	115,175
Weighted Average Exercise Price, dollars per share	$ 33.83
Stock Appreciation Rights (SARs) [Member] | $47.89 - $63.64 [Member]
SSARs Outstanding
SSARs Outstanding, shares	943,880
Weighted Average Remaining Contractual Life, years	4 years 1 month 6 days
Weighted Average Exercise Price, dollars per share	$ 53.52
SSARs Exercisable
Number of Shares	543,049
Weighted Average Exercise Price, dollars per share	$ 52.96

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Gross carrying amounts:
Balance at beginning of period			$ 741
Acquisition			9.6
Foreign currency translation			(30)
Balance at end of period	$ 720.6		720.6
Accumulated amortization:
Balance at beginning of period			276.2
Amortization expense	10.8	$ 10.4	32.2	$ 30.4
Foreign currency translation			(22.3)
Balance at end of period	286.1		286.1
Trademarks and Tradenames [Member]
Gross carrying amounts:
Balance at beginning of period			123.5
Acquisition			1.9
Foreign currency translation			(2.6)
Balance at end of period	122.8		122.8
Accumulated amortization:
Balance at beginning of period			36.4
Amortization expense			5.1
Foreign currency translation			(0.9)
Balance at end of period	40.6		40.6
Customer Relationships [Member]
Gross carrying amounts:
Balance at beginning of period			513.8
Acquisition			4.1
Foreign currency translation			(23.3)
Balance at end of period	494.6		494.6
Accumulated amortization:
Balance at beginning of period			180.8
Amortization expense			24
Foreign currency translation			(17.5)
Balance at end of period	187.3		187.3
Patents and Technology [Member]
Gross carrying amounts:
Balance at beginning of period			94
Acquisition			3.6
Foreign currency translation			(3.9)
Balance at end of period	93.7		93.7
Accumulated amortization:
Balance at beginning of period			56.1
Amortization expense			3
Foreign currency translation			(3.8)
Balance at end of period	55.3		55.3
Land Use Rights [Member]
Gross carrying amounts:
Balance at beginning of period			9.7
Acquisition			0
Foreign currency translation			(0.2)
Balance at end of period	9.5		9.5
Accumulated amortization:
Balance at beginning of period			2.9
Amortization expense			0.1
Foreign currency translation			(0.1)
Balance at end of period	$ 2.9		$ 2.9
Minimum [Member]
Accumulated amortization:
Estimated useful life, years			5 years
Maximum [Member]
Accumulated amortization:
Estimated useful life, years			50 years

Goodwill and Other Intangible47

Goodwill and Other Intangible Assets (Indefinite-Lived Intangible Assets) (Details) - Trademarks and Tradenames [Member] $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Indefinite-lived intangible assets:
Balance at beginning of period	$ 89
Foreign currency translation	(2.8)
Balance at end of period	$ 86.2

Goodwill and Other Intangible48

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill
Goodwill at beginning of period	$ 1,192.8
Acquisitions	21.8
Foreign currency translation	(90.9)
Goodwill at end of period	1,123.7
North America [Member]
Goodwill
Goodwill at beginning of period	513.6
Acquisitions	5.1
Foreign currency translation	0
Goodwill at end of period	518.7
South America [Member]
Goodwill
Goodwill at beginning of period	169.7
Acquisitions	0
Foreign currency translation	(55.8)
Goodwill at end of period	113.9
Europe/Africa/Middle East [Member]
Goodwill
Goodwill at beginning of period	454.6
Acquisitions	9
Foreign currency translation	(28.7)
Goodwill at end of period	434.9
Asia/Pacific [Member]
Goodwill
Goodwill at beginning of period	54.9
Acquisitions	7.7
Foreign currency translation	(6.4)
Goodwill at end of period	$ 56.2

Indebtedness (Components Of Ind

Indebtedness (Components Of Indebtedness) (Details) $ in Millions	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Credit facility	$ 653.1		$ 404.4
Other long-term debt	139.5		145.5
Long-term Debt	1,541		1,091.9
Less: Current portion of long-term debt	(87.4)		(94.3)
Total indebtedness, less current portion	$ 1,230.2		$ 997.6
4 1/2% Senior Unsecured Term Loan Due May 2, 2016 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent	4.50%	4.50%	4.50%
Senior notes	$ 223.4		$ 242
Less: Current portion of long-term debt	$ (223.4)		$ 0
Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent	1.056%	1.056%	1.056%
Senior notes	$ 223.4	€ 200,000,000	$ 0
5 7/8% Senior Notes due 2021 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent	5.875%	5.875%	5.875%
Senior notes	$ 301.6		$ 300

Indebtedness (Narrative) (Detai

Indebtedness (Narrative) (Details)	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)	Aug. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2014EUR (€)
Debt Instrument [Line Items]
Credit facility	$ 653,100,000			$ 404,400,000
Remaining borrowing capacity on line of credit facility	495,400,000			750,600,000
Debt instrument, unused borrowing capacity | €					€ 200,000,000
Long-term debt, fair value	301,600,000
Outstanding letters of credit	17,600,000			18,500,000
4 1/2% Senior Unsecured Term Loan Due 2016 [Member]
Debt Instrument [Line Items]
Debt instrument, amount	223,400,000	€ 200,000,000
Senior notes	$ 223,400,000			$ 242,000,000
Debt instrument, interest rate, percent	4.50%	4.50%		4.50%	4.50%
Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]
Debt Instrument [Line Items]
Senior notes	$ 223,400,000	€ 200,000,000		$ 0
Debt instrument, interest rate, percent	1.056%	1.056%		1.056%	1.056%
5 7/8% Senior Notes due 2021 [Member]
Debt Instrument [Line Items]
Weighted average interest rate	4.45%	4.45%
Senior notes	$ 301,600,000			$ 300,000,000
Debt instrument, interest rate, percent	5.875%	5.875%		5.875%	5.875%
Long-term debt, fair value	$ 301,600,000			$ 337,600,000
5 7/8% Senior Notes due 2021 [Member] | Interest Accrual, Option Two [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.50%
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on line of credit facility	$ 800,000,000
Fair value of amount outstanding	$ 304,600,000			49,400,000
Amended and Restated Credit Facility Agreement [Member] | Line of Credit [Member] | Interest Accrual, Option Two [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.50%
Amended and Restated Credit Facility Agreement [Member] | Line of Credit [Member] | Interest Accrual, Option Three [Member]
Debt Instrument [Line Items]
Margin on variable rate	1.00%
Amended and Restated Credit Facility Agreement [Member] | Line of Credit [Member] | Minimum [Member] | Interest Accrual, Option One [Member]
Debt Instrument [Line Items]
Margin on variable rate	1.00%
Amended and Restated Credit Facility Agreement [Member] | Line of Credit [Member] | Minimum [Member] | Interest Accrual, Option Three [Member] | Variable Basis, Additional Margin [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.00%
Amended and Restated Credit Facility Agreement [Member] | Line of Credit [Member] | Maximum [Member] | Interest Accrual, Option One [Member]
Debt Instrument [Line Items]
Margin on variable rate	1.75%
Amended and Restated Credit Facility Agreement [Member] | Line of Credit [Member] | Maximum [Member] | Interest Accrual, Option Three [Member] | Variable Basis, Additional Margin [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.25%
Amended and Restated Credit Facility Agreement [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Fair value of amount outstanding	$ 348,500,000	€ 312,000,000	$ 355,000,000	$ 355,000,000
Prior Credit Facility Agreement [Member] | Line of Credit [Member] | Interest Accrual, Option Two [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.50%
Prior Credit Facility Agreement [Member] | Line of Credit [Member] | Interest Accrual, Option Three [Member]
Debt Instrument [Line Items]
Margin on variable rate	1.00%
Prior Credit Facility Agreement [Member] | Line of Credit [Member] | Minimum [Member] | Interest Accrual, Option One [Member]
Debt Instrument [Line Items]
Margin on variable rate	1.00%
Prior Credit Facility Agreement [Member] | Line of Credit [Member] | Minimum [Member] | Interest Accrual, Option Three [Member] | Variable Basis, Additional Margin [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.00%
Prior Credit Facility Agreement [Member] | Line of Credit [Member] | Maximum [Member] | Interest Accrual, Option One [Member]
Debt Instrument [Line Items]
Margin on variable rate	2.00%
Prior Credit Facility Agreement [Member] | Line of Credit [Member] | Maximum [Member] | Interest Accrual, Option Three [Member] | Variable Basis, Additional Margin [Member]
Debt Instrument [Line Items]
Margin on variable rate	0.50%
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent	0.33%	0.33%

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 671.2	$ 616.6
Repair and replacement parts	531.2	536.4
Work in process	118.5	130.5
Raw materials	378.4	467.2
Inventories, net	$ 1,699.3	$ 1,750.7

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Warranty reserve activity:
Balance at beginning of period	$ 261.3	$ 303.9	$ 284.6	$ 294.9
Acquisition	0	0.5	0	0.5
Accruals for warranties issued during the period	33.2	51	110.5	149.9
Settlements made (in cash or in kind) during the period	(45.7)	(59.3)	(132.8)	(150.1)
Foreign currency translation	(3.7)	(13.7)	(17.2)	(12.8)
Balance at end of period	245.1	$ 282.4	$ 245.1	$ 282.4
Product warranty period, minimum, years			1 year
Product warranty period, maximum, years			4 years
Product warranty accrual, current	206.4		$ 206.4		$ 245.7
Product warranty accrual, noncurrent	$ 38.7		$ 38.7		$ 38.9

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$ 67.1	$ 65	$ 204.3	$ 332.8
Weighted average number of common shares outstanding, shares	86.6	93.5	87.7	94.2
Basic net income per share attributable to AGCO Corporation and subsidiaries, dollars per share	$ 0.77	$ 0.70	$ 2.33	$ 3.53
Diluted net income per share:
Dilutive SSARs, performance share awards and restricted stock awards, shares	0.1	0.2	0.1	0.3
Weighted average assumed conversion of contingently convertible senior subordinated notes, shares	0	0.1	0	0.7
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted income per share, shares	86.7	93.8	87.8	95.2
Diluted net income per share attributable to AGCO Corporation and subsidiaries, dollars per share	$ 0.77	$ 0.69	$ 2.33	$ 3.50
Stock Appreciation Rights (SARs) [Member]
Diluted net income per share:
SSARs excluded from earnings per share computation, shares	0.9	1.1	0.9	1.1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Unrecognized income tax benefits that would affect effective tax rate	$ 133.9	$ 130.6
Accrued or deferred taxes relating to uncertain income tax positions	62.2	64.7
Accrued interest and penalties relating to unrecognized tax benefits	$ 17.1	$ 15.3

Derivative Instruments and He55

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)country	Sep. 30, 2014USD ($)	Sep. 30, 2015EUR (€)	Dec. 31, 2014USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Number of countries where products sold, countries (over 140) | country			140
Net gains (losses) reclassified from accumulated other comprehensive loss into income			$ (1,700,000)
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative instruments not designated as hedging	$ 6,500,000	$ 7,300,000	46,800,000	$ 13,200,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	17,700,000		17,700,000			$ 23,800,000
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) reclassified from accumulated other comprehensive loss into income			1,600,000	$ 400,000
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) reclassified from accumulated other comprehensive loss into income	100,000		100,000
Derivative, notional amount	$ 348,500,000		$ 348,500,000		€ 312
Debt instrument, interest rate, percent	0.33%		0.33%		0.33%
Derivative instruments, gain (loss) recognized in other comprehensive income (loss), effective portion	$ 1,500,000		$ 1,500,000
Derivative instruments, gain (loss) recognized in income, ineffective portion	0		0
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 300,000,000		$ 300,000,000
Derivative, variable interest rate	4.14%		4.14%		4.14%
Recorded unrealized loses on hedged debt	$ (1,600,000)		$ (1,600,000)
Unrealized gains related to interest rate swaps	1,600,000		1,600,000
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	348,500,000		348,500,000		€ 312
Gain (loss) on derivative instruments designated as hedging			(2,100,000)
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	223,400,000		223,400,000		€ 200
Derivative instruments, gain (loss) recognized in income, ineffective portion	0		0
Gain (loss) on derivative instruments designated as hedging	3,500,000		3,500,000
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative instruments designated as hedging	2,100,000
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 1,054,900,000		$ 1,054,900,000			$ 1,810,500,000
5 7/8% Senior Notes due 2021 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Weighted average interest rate	4.45%		4.45%		4.45%

Derivative Instruments and He56

Derivative Instruments and Hedging Activities (Summary Of Accumulated Other Comprehensive Loss Related To Derivatives) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Before-Tax Amount
Accumulated derivative net losses as of December 31, 2014		$ (0.2)
Net changes in fair value of derivatives		(4.4)
Net losses reclassified from accumulated other comprehensive loss into income		1.9
Accumulated derivative net losses as of September 30, 2015	$ (2.7)	(2.7)
Income Tax
Accumulated derivative net losses as of December 31, 2014		(0.1)
Net changes in fair value of derivatives		(1)
Net losses reclassified from accumulated other comprehensive loss into income		0.2
Accumulated derivative net losses as of September 30, 2015	(0.9)	(0.9)
After-Tax Amount
Accumulated derivative net losses as of December 31, 2014		(0.1)
Net changes in fair value of derivatives		(3.4)
Net losses reclassified from accumulated other comprehensive loss into income		1.7
Accumulated derivative net losses as of September 30, 2015	$ (1.8)	$ (0.1)

Derivative Instruments and He57

Derivative Instruments and Hedging Activities (Fair Value Of Derivative Instruments) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative asset, fair value	$ 7.6	$ 11.3
Derivative liability, fair value	16.2	20.5
Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	7.6	11.3
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	16.2	20.5
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative asset, fair value	5.1
Derivative liability, fair value	2.8
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	0	0
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	0.5	0.2
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	2.5	11.3
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	13.4	$ 20.3
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	1.6
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	2.3
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	3.5
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	$ 0

Changes in Stockholders' Equi58

Changes in Stockholders' Equity (Schedule of Stockholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period			$ 3,448.5
Balance at beginning of period			48.4
Balance at beginning of period			3,496.9
Stock compensation			10.6
SSARs exercised			(0.6)
Comprehensive (loss) income:
Net income attributable to AGCO Corporation and subsidiaries	$ 67.1	$ 65	204.3	$ 332.8
Net income (loss)	0.1	(2.5)	(1.6)	(5.1)
Net income (loss)			202.7
Other comprehensive loss, net of reclassification adjustments:
Foreign currency translation adjustments	(2.6)	0	(1.8)	(0.3)
Foreign currency translation adjustments			(517.5)
Defined benefit pension plans, net of tax	2.3	1.9	6.7	5.6
Unrealized loss on derivatives, net of tax	(0.2)	$ (1)	(1.7)	$ (1.1)
Payments of dividends to stockholders			(31.7)
Repurchase and retirement of shares			(187.5)
Changes in noncontrolling interest			1.1
Balance at end of period	2,927.4		2,927.4
Balance at end of period	46.1		46.1
Balance at end of period	2,973.5		2,973.5
Common Stock [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period			0.9
Other comprehensive loss, 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			10.6
SSARs exercised			(0.6)
Other comprehensive loss, net of reclassification adjustments:
Repurchase and retirement of shares			(187.5)
Balance at end of period	399.5		399.5
Retained Earnings [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period			3,771.6
Comprehensive (loss) income:
Net income attributable to AGCO Corporation and subsidiaries			204.3
Other comprehensive loss, net of reclassification adjustments:
Payments of dividends to stockholders			(31.7)
Balance at end of period	3,944.2		3,944.2
Accumulated Other Comprehensive Loss [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period			(906.5)
Other comprehensive loss, net of reclassification adjustments:
Foreign currency translation adjustments			(515.7)
Defined benefit pension plans, net of tax			6.7
Unrealized loss on derivatives, net of tax			(1.7)
Balance at end of period	(1,417.2)		(1,417.2)
Noncontrolling Interests [Member]
Schedule of Stockholders' Equity [Line Items]
Balance at beginning of period			48.4
Comprehensive (loss) income:
Net income (loss)			(1.6)
Other comprehensive loss, net of reclassification adjustments:
Foreign currency translation adjustments			(1.8)
Changes in noncontrolling interest			1.1
Balance at end of period	$ 46.1		46.1
Performance Shares [Member]
Schedule of Stockholders' Equity [Line Items]
SSARs exercised			(5.5)
Performance Shares [Member] | Additional Paid-in Capital [Member]
Schedule of Stockholders' Equity [Line Items]
SSARs exercised			$ (5.5)

Changes in Stockholders' Equi59

Changes in Stockholders' Equity (Schedule of Comprehensive Income for Noncontrolling Interest) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Net income (loss)	$ 0.1	$ (2.5)	$ (1.6)	$ (5.1)
Other comprehensive loss:
Foreign currency translation adjustments	(2.6)	0	(1.8)	(0.3)
Total comprehensive loss	$ (2.5)	$ (2.5)	$ (3.4)	$ (5.4)

Changes in Stockholders' Equi60

Changes in Stockholders' Equity (Changes in Accumulated Other Comprehensive Income) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss, December 31, 2014	$ (906.5)
Other comprehensive loss before reclassifications	(519.1)
Net losses reclassified from accumulated other comprehensive loss	8.4
Other comprehensive income (loss), net of reclassification adjustments	(510.7)
Accumulated other comprehensive loss, September 30, 2015	(1,417.2)
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	6.7
Other comprehensive income (loss), net of reclassification adjustments	6.7
Accumulated other comprehensive loss, September 30, 2015	(246.6)
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	(3.4)
Net losses reclassified from accumulated other comprehensive loss	1.7
Other comprehensive income (loss), net of reclassification adjustments	(1.7)
Accumulated other comprehensive loss, September 30, 2015	(1.8)
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	(515.7)
Net losses reclassified from accumulated other comprehensive loss	0
Other comprehensive income (loss), net of reclassification adjustments	(515.7)
Accumulated other comprehensive loss, September 30, 2015	$ (1,168.8)

Changes in Stockholders' Equi61

Changes in Stockholders' Equity (Reclassifications out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold		$ 1,370.7		$ 1,732.9		$ 4,345.1		$ 5,670.2
Net losses on interest rate swap contracts		(10.6)		(13.9)		(32.1)		(43.5)
Amortization of net actuarial loss						(8.5)
Amortization of prior service cost						(0.4)
Income before income taxes and equity in net earnings of affiliates		(70.6)		(84.7)		(226.5)		(453.4)
Income tax provision		17.6		34.2		66.1		163.8
Net income attributable to AGCO Corporation and subsidiaries		(67.1)		(65)		(204.3)		(332.8)
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		2.9	[1]	2.3	[1]	8.4	[2]	6	[2]
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		0.6	[1]	0.3	[1]	1.8	[2]	0.2	[2]
Net losses on interest rate swap contracts		0.1	[1]	0	[1]	0.1	[2]	0	[2]
Reclassification before tax	[1]	0.7		0.3
Income before income taxes and equity in net earnings of affiliates	[2]					(1.9)		(0.2)
Income tax provision		(0.1)	[1]	0.1	[1]	(0.2)	[2]	0.2	[2]
Net income attributable to AGCO Corporation and subsidiaries		0.6	[1]	0.4	[1]	1.7	[2]	0.4	[2]
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		2.9	[1],[3]	2.2	[1],[3]	8.5	[2],[4]	6.6	[2],[4]
Amortization of prior service cost		0.1	[1],[3]	0.3	[1],[3]	0.4	[2],[4]	0.8	[2],[4]
Income before income taxes and equity in net earnings of affiliates		3	[1]	2.5		8.9	[2]	7.4	[2]
Income tax provision		(0.7)	[1]	(0.6)	[1]	(2.2)	[2]	(1.8)	[2]
Net income attributable to AGCO Corporation and subsidiaries		$ 2.3	[1]	$ 1.9		$ 6.7	[2]	$ 5.6	[2]
[1]	Losses included within the Condensed Consolidated Statements of Operations for the three months ended September 30, 2015 and 2014.
[2]	Losses included within the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2015 and 2014.
[3]	These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 to the Company’s Condensed Consolidated Financial Statements.
[4]	These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 to the Company’s Condensed Consolidated Financial Statements.

Changes in Stockholders' Equi62

Changes in Stockholders' Equity (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 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	187,500,000
Stock repurchase program, outstanding balance authorized to be repurchased	344,200,000
Accelerated Share Repurchase [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchased and retired during period	$ 187,500,000
Stock repurchased and retired during period, shares	3,488,063

Accounts Receivable Sales Agr63

Accounts Receivable Sales Agreements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net cash received from receivables sold			$ 1,100		$ 1,200
Outstanding accounts receivable associated with retail finance joint ventures in Brazil and Australia	$ 19.7		19.7		$ 43.3
Other Expenses, Net [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss on sales of receivables	$ 4	$ 4.8	$ 13.4	$ 19
Corporate Joint Venture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Joint venture ownership percentage	49.00%		49.00%		49.00%

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 28.2
Estimated minimum contributions	36.4
Postretirement Health Coverage [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	1
Estimated minimum contributions	$ 1.5

Employee Benefit Plans (Net Pen

Employee Benefit Plans (Net Pension And Postretirement Cost) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4.6	$ 4.3	$ 13.9	$ 12.9
Interest cost	7.8	9.4	23.4	28.2
Expected return on plan assets	(11.2)	(11.2)	(33.4)	(33.6)
Amortization of net actuarial loss	2.8	2.1	8.4	6.5
Amortization of prior service cost	0.1	0.2	0.3	0.6
Net periodic pension or postretirement benefit cost	4.1	4.8	12.6	14.6
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost			0	0.1
Interest cost	0.3	0.4	1	1.2
Amortization of net actuarial loss	0.1	0.1	0.1	0.1
Amortization of prior service cost	0	0.1	0.1	0.2
Net periodic pension or postretirement benefit cost	$ 0.4	$ 0.6	$ 1.2	$ 1.6

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Pension Costs Included in Accumulated Other Comprehensive Income (Loss)) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Before-Tax Amount
Accumulated other comprehensive loss as of December 31, 2014	$ (341.5)
Amortization of net actuarial loss	8.5
Amortization of prior service cost	0.4
Accumulated other comprehensive loss as of September 30, 2015	(332.6)
Income Tax
Accumulated other comprehensive loss as of December 31, 2014	(88.2)
Amortization of net actuarial loss	2.1
Amortization of prior service cost	0.1
Accumulated other comprehensive loss as of September 30, 2015	(86)
After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2014	(253.3)
Amortization of net actuarial loss	6.4
Amortization of prior service cost	0.3
Accumulated other comprehensive loss as of September 30, 2015	$ (246.6)

Fair Value of Financial Instr67

Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	$ 7.6	$ 11.3
Derivative liability, fair value	16.2	20.5
Long-term debt, fair value	301.6
Trading securities	5.4
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	301.6	337.6
Long-term debt	300	300
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	7.6	11.3
Derivative liability, fair value	16.2	$ 20.5
Long-term debt, fair value	301.6
Trading securities	$ 5.4

Segment Reporting (Sales Inform

Segment Reporting (Sales Information By Reportable Segments) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)reportable_segment	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments, segments | reportable_segment			4
Net sales	$ 1,736.4	$ 2,154.8	$ 5,508.3	$ 7,238.5
Income (loss) from operations	79.1	108.7	275.8	531.1
Depreciation			162	180.4
Capital expenditures			147.1	229.3
Consolidated total assets	7,071.6		7,071.6		$ 7,395.9
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,736.4	2,154.8	5,508.3	7,238.5
Income (loss) from operations	117.8	129.7	413.8	642.9
Depreciation	53.8	61.1	162	180.4
Capital expenditures	45.8	73.8	147.1	229.3
Consolidated total assets	3,888.2		3,888.2		4,136.5
North America [Member]
Segment Reporting Information [Line Items]
Net sales	494.9	531.3	1,530.5	1,865
Income (loss) from operations	40.9	37.3	116.4	188.3
Depreciation	16	15.1	46.5	44.5
Capital expenditures	10.3	14	36.3	50.7
Consolidated total assets	1,021.5		1,021.5		1,026.9
South America [Member]
Segment Reporting Information [Line Items]
Net sales	231.4	455	760.7	1,248.8
Income (loss) from operations	10.5	36.4	38.8	94.2
Depreciation	4.9	7.1	16.4	19.9
Capital expenditures	7.4	14.1	17.4	30.6
Consolidated total assets	567.8		567.8		719.8
Europe/ Africa/ Middle East [Member]
Segment Reporting Information [Line Items]
Net sales	894.3	1,026	2,939.4	3,783.8
Income (loss) from operations	68.9	57	284	366
Depreciation	29.5	34.1	89.9	104.3
Capital expenditures	18.4	35.7	65.7	117.8
Consolidated total assets	1,904.3		1,904.3		2,036
Asia/Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	115.8	142.5	277.7	340.9
Income (loss) from operations	(2.5)	(1)	(25.4)	(5.6)
Depreciation	3.4	4.8	9.2	11.7
Capital expenditures	9.7	$ 10	27.7	$ 30.2
Consolidated total assets	$ 394.6		$ 394.6		$ 353.8

Segment Reporting (Income From

Segment Reporting (Income From Operations And Total Assets) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Income from Operations
Segment income from operations	$ 79.1	$ 108.7	$ 275.8	$ 531.1
Stock compensation (expense) credit	(3.2)	21	(10.1)	9.8
Restructuring and other infrequent expenses	0	(2.9)	(14.6)	(2.9)
Amortization of intangibles	(10.8)	(10.4)	(32.2)	(30.4)
Income (loss) from operations	79.1	108.7	275.8	531.1
Total Assets
Segment assets	7,071.6		7,071.6		$ 7,395.9
Cash and cash equivalents	425.4	320.9	425.4	320.9	363.7	$ 1,047.2
Receivables from affiliates	119.3		119.3		108.4
Investments in affiliates	403.3		403.3		424.1
Deferred tax assets, other current and noncurrent assets	591		591		616.6
Intangible assets, net	520.7		520.7		553.8
Goodwill	1,123.7		1,123.7		1,192.8
Consolidated total assets	7,071.6		7,071.6		7,395.9
Operating Segments [Member]
Income from Operations
Segment income from operations	117.8	129.7	413.8	642.9
Income (loss) from operations	117.8	129.7	413.8	642.9
Corporate [Member]
Income from Operations
Corporate expenses	(24.7)	(28.7)	(81.1)	(88.3)
Operating Segments [Member]
Income from Operations
Segment income from operations	117.8	129.7	413.8	642.9
Income (loss) from operations	117.8	$ 129.7	413.8	$ 642.9
Total Assets
Segment assets	3,888.2		3,888.2		4,136.5
Consolidated total assets	$ 3,888.2		$ 3,888.2		$ 4,136.5

Commitments and Contingencies (

Commitments and Contingencies (Details) BRL in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015BRL	Dec. 31, 2014
Guarantees [Abstract]
Guaranteed indebtedness owed to third parties	$ 60
Loss Contingency [Abstract]
Tax disallowance not including interest and penalties	33	BRL 131.5
Retail Finance Joint Venture [Member]
Guarantees [Abstract]
Maximum repossessed inventory purchase obligation with retail joint ventures	$ 6
Corporate Joint Venture [Member]
Guarantees [Abstract]
Joint venture ownership percentage	49.00%	49.00%	49.00%