AGCO (AGCO) 10-Q 8 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 04, 2017
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	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		79,539,195

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 317.8	$ 429.7
Accounts and notes receivable, net	1,019.5	890.4
Inventories, net	1,885.4	1,514.8
Other current assets	367.7	330.8
Total current assets	3,590.4	3,165.7
Property, plant and equipment, net	1,391.2	1,361.3
Investment in affiliates	441.2	414.9
Deferred tax assets	97.1	99.7
Other assets	153.6	143.1
Intangible assets, net	596	607.3
Goodwill	1,423	1,376.4
Total assets	7,692.5	7,168.4
Current Liabilities:
Current portion of long-term debt	90.4	85.4
Accounts payable	869	722.6
Accrued expenses	1,215.9	1,160.8
Other current liabilities	183.9	176.1
Total current liabilities	2,359.2	2,144.9
Long-term debt, less current portion and debt issuance costs	1,772.1	1,610
Pensions and postretirement health care benefits	267.3	270
Deferred tax liabilities	119.6	112.4
Other noncurrent liabilities	202.9	193.9
Total liabilities	4,721.1	4,331.2
Commitments and contingencies (Note 16)
AGCO Corporation stockholders’ equity:
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2017 and 2016	0	0
Common stock; $0.01 par value, 150,000,000 shares authorized, 79,502,405 and 79,465,393 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	0.8	0.8
Additional paid-in capital	123.9	103.3
Retained earnings	4,171.1	4,113.6
Accumulated other comprehensive loss	(1,388.3)	(1,441.6)
Total AGCO Corporation stockholders’ equity	2,907.5	2,776.1
Noncontrolling interests	63.9	61.1
Total stockholders’ equity	2,971.4	2,837.2
Total liabilities and stockholders’ equity	$ 7,692.5	$ 7,168.4

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
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	79,502,405	79,465,393
Common stock, shares outstanding	79,502,405	79,465,393

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net sales	$ 2,165.2	$ 1,995.6	$ 3,792.8	$ 3,554.9
Cost of goods sold	1,689.8	1,568.6	2,987.1	2,813.2
Gross profit	475.4	427	805.7	741.7
Selling, general and administrative expenses	236.1	217.8	459.3	429
Engineering expenses	76.7	77.1	149.7	148.3
Restructuring expenses	0.4	2.1	5.5	4
Amortization of intangibles	13.8	11.4	27.2	22.4
Income from operations	148.4	118.6	164	138
Interest expense, net	11.3	11.9	22	22.4
Other expense, net	17.7	16	30.7	27.3
Income before income taxes and equity in net earnings of affiliates	119.4	90.7	111.3	88.3
Income tax provision	36.9	54.8	48	54.4
Income before equity in net earnings of affiliates	82.5	35.9	63.3	33.9
Equity in net earnings of affiliates	9.1	13.5	20.1	25.7
Net income	91.6	49.4	83.4	59.6
Net (income) loss attributable to noncontrolling interests	(0.1)	0.9	(2)	(1.5)
Net income attributable to AGCO Corporation and subsidiaries	$ 91.5	$ 50.3	$ 81.4	$ 58.1
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic, in dollars per share	$ 1.15	$ 0.61	$ 1.02	$ 0.70
Diluted, in dollars per share	1.14	0.61	1.02	0.70
Cash dividends declared and paid per common share, in dollars per share	$ 0.14	$ 0.13	$ 0.28	$ 0.26
Weighted average number of common and common equivalent shares outstanding:
Basic, shares	79.5	82	79.5	82.5
Diluted, shares	80.1	82.1	80.1	82.6

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 91.6	$ 49.4	$ 83.4	$ 59.6
Other comprehensive income, net of reclassification adjustments:
Foreign currency translation adjustments	(0.7)	66.8	42	161.6
Defined benefit pension plans, net of tax	2.9	2.9	5.8	5.1
Unrealized gain (loss) on derivatives, net of tax	2.8	(4.1)	6.1	(6.8)
Other comprehensive income, net of reclassification adjustments	5	65.6	53.9	159.9
Comprehensive income	96.6	115	137.3	219.5
Comprehensive loss attributable to noncontrolling interests	0.9	0.1	(2.6)	(2.3)
Comprehensive income attributable to AGCO Corporation and subsidiaries	$ 97.5	$ 115.1	$ 134.7	$ 217.2

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 83.4	$ 59.6
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	108.9	111.9
Deferred debt issuance cost amortization	0.3	0.7
Amortization of intangibles	27.2	22.4
Stock compensation expense	22.6	11.4
Proceeds from termination of hedging instrument	0	7.3
Equity in net earnings of affiliates, net of cash received	(5.6)	(9.1)
Deferred income tax provision	0.6	14.6
Other	1.5	(0.3)
Changes in operating assets and liabilities, net of effects from purchase of businesses:
Accounts and notes receivable, net	(94.3)	(61.1)
Inventories, net	(316.5)	(263.3)
Other current and noncurrent assets	(48.4)	(34.3)
Accounts payable	120.6	80.6
Accrued expenses	9.9	0.3
Other current and noncurrent liabilities	23.4	(5.3)
Total adjustments	(149.8)	(124.2)
Net cash used in operating activities	(66.4)	(64.6)
Cash flows from investing activities:
Purchases of property, plant and equipment	(92.3)	(72)
Proceeds from sale of property, plant and equipment	1.6	0.9
Purchase of businesses, net of cash acquired	0	(38.8)
Investment in consolidated affiliates, net of cash acquired	0	(11.8)
Investments in unconsolidated affiliates	(0.8)	0
Restricted cash	0	0.4
Net cash used in investing activities	(91.5)	(121.3)
Cash flows from financing activities:
Proceeds from debt obligations	1,966.6	1,331.9
Repayments of debt obligations	(1,911.8)	(1,117.8)
Purchases and retirement of common stock	0	(120)
Payment of dividends to stockholders	(22.2)	(21.6)
Payment of minimum tax withholdings on stock compensation	(4)	(1.8)
Payment of debt issuance costs	0.2	0
Payments of Debt Issuance Costs	0	(0.5)
Net cash provided by financing activities	28.8	70.2
Effects of exchange rate changes on cash and cash equivalents	17.2	13.7
Decrease in cash and cash equivalents	(111.9)	(102)
Cash and cash equivalents, beginning of period	429.7	426.7
Cash and cash equivalents, end of period	$ 317.8	$ 324.7

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
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 (loss) 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, 2016 . Results for interim periods are not necessarily indicative of the results for the year. Recent Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which requires the service cost component of net periodic pension and postretirement benefit cost be included in the same line item as other compensation costs arising from services rendered by employees. The other components of net periodic pension and postretirement benefit cost are required to be classified outside the subtotal of income from operations. Of the components of net periodic pension and postretirement benefit cost, only the service cost component will be eligible for asset capitalization. ASU 2017-07 is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, using a retrospective approach for the presentation of the service cost component and other components of net periodic pension and postretirement benefit cost in the statement of operations; and a prospective approach for the capitalization of the service cost component of net periodic pension and postretirement benefit cost in assets. Early adoption is permitted for any interim or annual period. ASU 2017-07 allows a practical expedient for applying the retrospective presentation requirements. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows, but the Company has elected not to early adopt the standard for the year ended December 31, 2017. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”), which eliminates Step 2 from the goodwill impairment test. Under the standard, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, resulting in an impairment charge that is the amount by which the carrying amount exceeds the reporting unit’s fair value. The impairment charge, however, should not exceed the total amount of goodwill allocated to a reporting unit. The impairment assessment under ASU 2017-04 applies to all reporting units, including those with a zero or negative carrying amount. ASU 2017-04 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods using a prospective approach. Early adoption is permitted for any interim or annual goodwill impairment test performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows. In November 2016, the FASB issued ASU 2016-18, “Restricted Cash” (“ASU 2016-18”). which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017, and interim period within those annual periods using a retrospective approach. Early adoption is permitted in any interim or annual period. The Company is currently evaluating the impact of adopting this standard on the Company’s cash flows, but does not expect the standard to have a material impact. In October 2016, the FASB issued ASU 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory” (“ASU 2016-16”), which requires recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the standard eliminates the exception to the recognition of current and deferred income taxes for an intra-entity asset transfer other than for inventory until the asset has been sold to an outside party. ASU 2016-16 is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods using a modified retrospective approach. Early adoption is permitted in any interim or annual period. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows, but the Company has elected not to early adopt the standard for the year ended December 31, 2017. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”), which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The standard is effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. ASU 2016-15 may be applied using a retrospective approach or a prospective approach, if impracticable to apply the amendments retrospectively. Early adoption is permitted in any interim or annual period. The Company adopted ASU 2016-15 on January 1, 2017 and the adoption did not have a material impact on its cash flows. In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”), which requires measurement and recognition of expected versus incurred credit losses for financial assets held. ASU 2016-13 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. This standard will likely impact the results of operations and financial condition of the Company’s finance joint ventures and as a result, will likely impact the Company’s “Investment in affiliates” and “Equity in net earnings of affiliates” upon adoption. The Company’s finance joint ventures are currently evaluating the standard’s impact to their results of operations and financial condition. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. In addition, the standard clarifies the statement of cash flow presentation for certain components of share-based awards. The Company adopted ASU 2016-09 on January 1, 2017 by prospectively recognizing excess tax benefits and tax deficiencies in the Company’s Condensed Consolidated Statements of Operations as the awards vest or were settled, when applicable, and by prospectively presenting excess tax benefits as an operating activity, rather than a financing activity, in the Company’s Condensed Consolidated Statements of Cash Flows, when applicable. In addition, the Company elected to change its accounting policy to recognize actual forfeitures, rather than estimate the number of awards that are expected to vest, by adjusting stock compensation expense in the same period as the forfeitures occur. The change in accounting policy was adopted using a modified retrospective approach, with a cumulative effect adjustment to “Retained Earnings” of approximately $1.7 million as of January 1, 2017 for the difference between stock compensation expense previously recorded and the amount that would have been recorded without assuming forfeitures. In February 2016, the FASB issued ASU 2016-02, “Leases” (“ASU 2016-02”), which supersedes the existing lease guidance under current U.S. GAAP. ASU 2016-02 is based on the principle that entities should recognize assets and liabilities arising from leases. The standard does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Leases are classified as finance or operating. ASU 2016-02’s primary change is the requirement for entities to recognize a lease liability for payments and a right-of-use asset representing the right to use the leased asset during the term of an operating lease arrangement. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of 12 months or less. Lessors’ accounting under the standard is largely unchanged from the previous accounting standard. In addition, ASU 2016-02 expands the disclosure requirements of lease arrangements. The standard is effective for reporting periods beginning after December 15, 2018, and interim periods within those annual periods. Early adoption is permitted. Upon adoption, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows, but the Company has elected not to early adopt the standard for the year ended December 31, 2017. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which provides a single, comprehensive revenue recognition model for all contracts with customers with 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, including significant judgments and changes in those judgments. The standard is effective for reporting periods beginning after December 15, 2017, with early adoption permitted for reporting periods beginning after December 31, 2016. Entities have the option to apply the new standard under a full retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initial adoption and application within the Condensed Consolidated Statement of Stockholders’ Equity. The Company plans to adopt the new standard effective January 1, 2018 under the modified retrospective approach. Under the new model, the Company will begin to recognize an asset for the value of expected replacement parts returns. While the Company has not yet completed its evaluation process, including the identification of new controls and processes designed to meet the requirements of the standard, at this time the Company has not identified any material impacts to the consolidated financial statements that the Company believes will be material in the year of adoption, with the exception of new and expanded disclosures as previously mentioned.

Restructuring Expenses

Restructuring Expenses	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring Expenses	RESTRUCTURING EXPENSES Beginning in 2014 through 2017, 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 in order to reduce costs in response to softening global market demand and lower production volumes. The aggregate headcount reduction was approximately 2,750 employees in 2014, 2015 and 2016. During the six months ended June 30, 2017 , the Company recorded severance and related costs associated with various rationalizations in the United States, South America and Europe, in connection with the termination of approximately 220 employees. The components of the restructuring expenses are summarized as follows (in millions): Write-down of Property, Plant and Equipment Employee Severance Facility Closure Costs Total Balance as of December 31, 2016 $ — $ 14.5 $ 0.8 $ 15.3 First quarter 2017 provision 0.2 4.9 — 5.1 Less: Non-cash expense (0.2 ) — — (0.2 ) Cash expense — 4.9 — 4.9 First quarter 2017 cash activity — (5.0 ) (0.8 ) (5.8 ) Foreign currency translation — 0.2 — 0.2 Balance as of March 31, 2017 — 14.6 — 14.6 Second quarter 2017 provision — 0.4 — 0.4 Second quarter 2017 cash activity — (2.5 ) — (2.5 ) Foreign currency translation — 0.9 — 0.9 Balance as of June 30, 2017 $ — $ 13.4 $ — $ 13.4

Stock Compensation Plans

Stock Compensation Plans	6 Months Ended
	Jun. 30, 2017
Share-based Compensation [Abstract]
Stock Compensation Plans	STOCK COMPENSATION PLANS The Company recorded stock compensation expense as follows for the three and six months ended June 30, 2017 and 2016 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Cost of goods sold $ 1.0 $ 0.5 $ 1.6 $ 0.9 Selling, general and administrative expenses 9.8 5.7 21.2 10.8 Total stock compensation expense $ 10.8 $ 6.2 $ 22.8 $ 11.7 Stock Incentive Plan Under the Company’s 2006 Long Term Incentive Plan (the “2006 Plan”), up to 10,000,000 shares of AGCO common stock may be issued. As of June 30, 2017 , of the 10,000,000 shares reserved for issuance under the 2006 Plan, approximately 3,114,233 shares were available for grant, assuming the maximum number of shares are earned related to the performance award grants discussed below. 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. Long-Term Incentive Plan and Related Performance Awards The weighted average grant-date fair value of performance awards granted under the 2006 Plan during the six months ended June 30, 2017 and 2016 was $61.83 and $47.94 , respectively. During the six months ended June 30, 2017 , the Company granted 531,596 performance awards related to varying performance periods. The awards granted assume the maximum target level of performance is achieved, as applicable. 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 six months ended June 30, 2017 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan awards: Shares awarded but not earned at January 1 1,982,120 Shares awarded 531,596 Shares forfeited or unearned (217,498 ) Shares earned — Shares awarded but not earned at June 30 2,296,218 During the three months ended March 31, 2017, the Company recorded approximately $4.8 million of accelerated stock compensation expense associated with a stock award declined by the Company’s Chief Executive Officer. As of June 30, 2017 , 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 $48.1 million , and the weighted average period over which it is expected to be recognized is approximately two years. The compensation cost not yet recognized could be higher or lower based on actual achieved levels of performance. Restricted Stock Unit Awards During the six months ended June 30, 2017 , the Company granted 108,588 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. The compensation expense associated with these awards is 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 six months ended June 30, 2017 and 2016 was $61.83 and $45.05 , respectively. RSU transactions during the six months ended June 30, 2017 were as follows: Shares awarded but not vested at January 1 222,730 Shares awarded 108,588 Shares forfeited (7,107 ) Shares vested (86,783 ) Shares awarded but not vested at June 30 237,428 As of June 30, 2017 , the total compensation cost related to the unvested RSUs not yet recognized was approximately $9.8 million , and the weighted average period over which it is expected to be recognized is approximately two years. Stock-Settled Appreciation Rights Compensation expense associated with the stock-settled appreciation rights (“SSAR”) awards is amortized ratably over the requisite service period for the awards that are expected to vest. The Company estimated the fair value of the grants using the Black-Scholes option pricing model. SSAR transactions during the six months ended June 30, 2017 were as follows: SSARs outstanding at January 1 1,458,611 SSARs granted 284,500 SSARs exercised (329,569 ) SSARs canceled or forfeited (13,850 ) SSARs outstanding at June 30 1,399,692 As of June 30, 2017 , the total compensation cost related to the unvested SSARs not yet recognized was approximately $5.8 million , and the weighted average period over which it is expected to be recognized is approximately three years. Director Restricted Stock Grants The 2006 Plan provides for annual restricted stock grants of the Company’s common stock to all non-employee directors. The 2017 grant was made on April 27, 2017 and equated to 14,968 shares of common stock, of which 12,066 shares of common stock were issued after shares were withheld for taxes. The Company recorded stock compensation expense of approximately $1.0 million during the six months ended June 30, 2017 associated with this grant.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 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, 2016 $ 179.2 $ 558.0 $ 122.1 $ 8.5 $ 867.8 Foreign currency translation 5.6 10.0 6.0 0.2 21.8 Balance as of June 30, 2017 $ 184.8 $ 568.0 $ 128.1 $ 8.7 $ 889.6 Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Accumulated amortization: Balance as of December 31, 2016 $ 49.7 $ 233.0 $ 59.5 $ 2.7 $ 344.9 Amortization expense 4.9 18.7 3.5 0.1 27.2 Foreign currency translation 0.6 4.3 3.5 — 8.4 Balance as of June 30, 2017 $ 55.2 $ 256.0 $ 66.5 $ 2.8 $ 380.5 Trademarks and Tradenames Indefinite-lived intangible assets: Balance as of December 31, 2016 $ 84.4 Foreign currency translation 2.5 Balance as of June 30, 2017 $ 86.9 The Company currently amortizes certain acquired intangible assets, primarily on a straight-line basis, over their estimated useful lives, which range from five to 50 years. Changes in the carrying amount of goodwill during the six months ended June 30, 2017 are summarized as follows (in millions): North America South America Europe/Middle East Asia/ Pacific/Africa Consolidated Balance as of December 31, 2016 $ 543.9 $ 138.8 $ 581.9 $ 111.8 $ 1,376.4 Foreign currency translation — (2.2 ) 43.1 5.7 46.6 Balance as of June 30, 2017 $ 543.9 $ 136.6 $ 625.0 $ 117.5 $ 1,423.0 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	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Indebtedness	INDEBTEDNESS Indebtedness consisted of the following at June 30, 2017 and December 31, 2016 (in millions): June 30, 2017 December 31, 2016 1.056% Senior term loan due 2020 $ 228.4 $ 211.0 Credit facility, expiring 2020 428.7 329.2 Senior term loan due 2021 342.6 316.5 5 7 / 8 % Senior notes due 2021 305.9 306.6 Senior term loans due between 2019 and 2026 428.2 395.6 Other long-term debt 133.4 141.6 Debt issuance costs (4.7 ) (5.1 ) 1,862.5 1,695.4 Less: Current portion of other long-term debt (90.4 ) (85.4 ) Total indebtedness, less current portion $ 1,772.1 $ 1,610.0 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 $228.4 million as of June 30, 2017 ) 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. 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 $356.3 million as of June 30, 2017 ) term loan facility. The maturity date of the credit facility is June 26, 2020. Under the 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 U.S. dollars plus 1.0% plus a margin ranging from 0.0% to 0.25% based on the Company’s leverage ratio. As is more fully described in Note 10, the Company entered into an interest rate swap in 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. As of June 30, 2017 , the Company had $428.7 million of outstanding borrowings under the credit facility and the ability to borrow approximately $727.6 million under the facility. Approximately $72.4 million was outstanding under the multi-currency revolving credit facility and €312.0 million (or approximately $356.3 million ) was outstanding under the term loan facility as of June 30, 2017 . As of December 31, 2016 , no amounts were outstanding under the Company’s multi-currency revolving credit facility, and the Company had the ability to borrow approximately $800.0 million under the facility. Approximately €312.0 million (or approximately $329.2 million ) was outstanding under the term loan facility as of December 31, 2016 . During 2015, the Company designated its €312.0 million ( $356.3 million as of June 30, 2017 ) 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 10 for additional information about the net investment hedge. Senior Term Loan Due 2021 In April 2016, the Company entered into two term loan agreements with Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank”), in the amount of €100.0 million and €200.0 million , respectively. The €300.0 million (or approximately $342.6 million as of June 30, 2017 ) of funding was received on April 26, 2016 and was partially used to repay a senior term loan with Rabobank which was due May 2, 2016. The Company received net proceeds of approximately €99.6 million (or approximately $112.2 million ) after debt issuance costs. The provisions of the two term loans are identical in nature. The Company has the ability to prepay the term loans before their maturity date on April 26, 2021. Interest is payable on the term loans per annum, equal to the EURIBOR plus a margin ranging from 1.0% to 1.75% based on the Company’s net leverage ratio. Interest is paid quarterly in arrears. 5 7 / 8 % Senior Notes The Company’s $305.9 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. 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 in Note 10, the Company entered into an interest rate swap in 2015 to convert the senior notes’ fixed interest rate to a floating interest rate over the remaining life of the senior notes. During 2016, the Company terminated the interest rate swap. As a result, the Company recorded a deferred gain of approximately $7.3 million associated with the termination, which will be amortized as a reduction to “Interest expense, net” over the remaining term of the 5 7 / 8 % senior notes through December 1, 2021. As of June 30, 2017 , the unamortized portion of the deferred gain was approximately $5.9 million and the amortization for the three and six months ended June 30, 2017 was approximately $0.4 million and $0.7 million , respectively. Senior Term Loans Due Between 2019 and 2026 In October 2016, the Company borrowed an aggregate amount of €375.0 million (or approximately $428.2 million as of June 30, 2017 ) through a group of seven related term loan agreements. The Company received net proceeds of approximately €373.2 million (or approximately $409.5 million as of October 19, 2016) after debt issuance costs which were used to repay borrowings made under the Company’s revolving credit facility. The provisions of the term loan agreements are identical in nature, with the exception of interest rate terms and maturities. The Company has the ability to prepay the term loans before their maturity dates. Interest is payable on the term loans in arrears either semi-annually or annually as provided below (in millions): Maturity Date Floating or Fixed Interest Rate Interest Rate Interest Payment Term Loan Amount October 19, 2019 Floating EURIBOR + 0.75% Semi-Annually € 1.0 October 19, 2019 Fixed 0.75% Annually 55.0 October 19, 2021 Floating EURIBOR + 1.00% Semi-Annually 25.5 October 19, 2021 Fixed 1.00% Annually 166.5 October 19, 2023 Floating EURIBOR + 1.25% Semi-Annually 1.0 October 19, 2023 Fixed 1.33% Annually 73.5 October 19, 2026 Fixed 1.98% Annually 52.5 € 375.0 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 June 30, 2017 and December 31, 2016 , outstanding letters of credit totaled $15.2 million and $17.1 million , respectively.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories at June 30, 2017 and December 31, 2016 were as follows (in millions): June 30, 2017 December 31, 2016 Finished goods $ 744.1 $ 589.3 Repair and replacement parts 578.9 532.5 Work in process 189.2 113.8 Raw materials 373.2 279.2 Inventories, net $ 1,885.4 $ 1,514.8

Product Warranty

Product Warranty	6 Months Ended
	Jun. 30, 2017
Product Warranties Disclosures [Abstract]
Product Warranty	PRODUCT WARRANTY The warranty reserve activity for the three and six months ended June 30, 2017 and 2016 consisted of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance at beginning of period $ 270.1 $ 241.7 $ 255.6 $ 230.3 Acquisitions — — — 0.6 Accruals for warranties issued during the period 53.4 51.4 104.9 95.4 Settlements made (in cash or in kind) during the period (38.2 ) (47.6 ) (78.1 ) (88.2 ) Foreign currency translation 11.6 (4.9 ) 14.5 2.5 Balance at June 30 $ 296.9 $ 240.6 $ 296.9 $ 240.6 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 $262.2 million and $223.1 million of warranty reserves are included in “Accrued expenses” in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2017 and December 31, 2016 , respectively. Approximately $34.7 million and $32.5 million of warranty reserves are included in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2017 and December 31, 2016 , respectively.

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jun. 30, 2017
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 by the weighted average number of common shares outstanding during each period. Diluted net income per common share assumes the exercise of outstanding SSARs and the vesting of performance share awards and RSUs using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of net income attributable to AGCO Corporation and its subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the three and six months ended June 30, 2017 and 2016 is as follows (in millions, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 91.5 $ 50.3 $ 81.4 $ 58.1 Weighted average number of common shares outstanding 79.5 82.0 79.5 82.5 Basic net income per share attributable to AGCO Corporation and subsidiaries $ 1.15 $ 0.61 $ 1.02 $ 0.70 Diluted net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 91.5 $ 50.3 $ 81.4 $ 58.1 Weighted average number of common shares outstanding 79.5 82.0 79.5 82.5 Dilutive SSARs, performance share awards and RSUs 0.6 0.1 0.6 0.1 Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share 80.1 82.1 80.1 82.6 Diluted net income per share attributable to AGCO Corporation and subsidiaries $ 1.14 $ 0.61 $ 1.02 $ 0.70 SSARs to purchase approximately 0.3 million and 1.2 million shares of the Company’s common stock for the three and six months ended June 30, 2017 and 2016 , respectively, 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	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES At June 30, 2017 and December 31, 2016 , the Company had approximately $155.8 million and $139.9 million , respectively, of unrecognized tax benefits, all of which would affect the Company’s effective tax rate if recognized. At June 30, 2017 and December 31, 2016 , the Company had approximately $50.0 million and $47.0 million , respectively, of accrued or deferred taxes related to uncertain income tax positions connected with ongoing income 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 June 30, 2017 and December 31, 2016 , the Company had accrued interest and penalties related to unrecognized tax benefits of $19.6 million and $16.4 million , respectively. Generally, tax years 2011 through 2016 remain open to examination by taxing authorities in the United States and certain other foreign tax jurisdictions. During the second quarter of 2016, the Company recorded a non-cash deferred income tax charge of approximately $31.6 million to increase the valuation allowance on its deferred income tax assets in the United States for previous periods. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company assessed the likelihood that its deferred tax assets would be recovered from estimated future taxable income and available tax planning strategies and determined that the adjustment to the valuation allowance at June 30, 2016 was appropriate. In making this assessment, all available evidence was considered including the current economic climate, as well as reasonable tax planning strategies. As of June 30, 2017 , the Company believes it is more likely than not that the Company will realize its remaining deferred tax assets, net of the valuation allowance, in future years.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES 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 150 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 designates interest rate contracts used to convert the interest rate exposure on a portion of the Company’s debt portfolio from a floating rate to a fixed rate as cash flow hedges, while those contracts converting the Company’s interest rate exposure from a fixed rate to a floating rate are designated as fair value hedges. 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. All derivatives are recognized on the Company’s Consolidated Balance Sheets at fair value. On the date the derivative contract is entered into, the Company designates the derivative as either (1) a cash flow hedge of a forecasted transaction, (2) a fair value hedge of a recognized liability, (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 14 for a discussion of the fair value hierarchy as per the guidance in ASC 820. The Company’s valuation techniques are designed to maximize the use of observable inputs and minimize the use of unobservable inputs. 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 Cash Flow Hedges Foreign Currency Contracts The Company uses cash flow hedges to minimize the variability in cash flows of assets or liabilities or forecasted transactions caused by fluctuations in foreign currency exchange rates. The changes in the fair values of these cash flow hedges are recorded in accumulated 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. During 2017 , the Company designated certain foreign currency contracts as cash flow hedges of expected future sales and purchases. The total notional value of derivatives that were designated as cash flow hedges was $133.0 million and $111.2 million as of June 30, 2017 and December 31, 2016 , respectively. Interest Rate Contract The Company monitors the mix of short-term and long-term debt regularly. From time to time, the Company manages the risk to interest rate fluctuations through the use of derivative financial instruments. During 2015, the Company entered into an interest rate swap instrument with a notional amount of €312.0 million (or approximately $356.3 million at June 30, 2017 ) 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 accumulated other comprehensive loss and are subsequently reclassified into “Interest expense, net” as a rate adjustment in the same period in which the related interest on the Company’s floating rate term loan facility affects earnings. The following table summarizes the after-tax impact that changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive loss and net income during the three and six months ended June 30, 2017 and 2016 (in millions): Recognized in Net Income Three Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Loss Loss Reclassified from Accumulated Other Comprehensive Loss into Income 2017 Foreign currency contracts (1) $ 1.8 Cost of goods sold $ (0.7 ) Interest rate contract (0.2 ) Interest expense, net (0.5 ) Total $ 1.6 $ (1.2 ) 2016 Foreign currency contracts $ (0.3 ) Cost of goods sold $ — Interest rate contract (4.4 ) Interest expense, net (0.6 ) Total $ (4.7 ) $ (0.6 ) Recognized in Net Income Six Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Loss Loss Reclassified from Accumulated Other Comprehensive Loss into Income 2017 Foreign currency contracts (1) $ 3.2 Cost of goods sold $ (1.4 ) Interest rate contract 0.4 Interest expense, net (1.1 ) Total $ 3.6 $ (2.5 ) 2016 Foreign currency contracts $ (0.3 ) Cost of goods sold $ — Interest rate contract (7.4 ) Interest expense, net (0.9 ) Total $ (7.7 ) $ (0.9 ) ____________________________________ (1) The outstanding contracts as of June 30, 2017 range in maturity through December 2017. There was no ineffectiveness with respect to the cash flow hedges during the three and six months ended June 30, 2017 and 2016 . The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the six months ended June 30, 2017 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2016 $ (10.1 ) $ (1.4 ) $ (8.7 ) Net changes in fair value of derivatives 3.9 0.3 3.6 Net losses reclassified from accumulated other comprehensive loss into income 2.6 0.1 2.5 Accumulated derivative net losses as of June 30, 2017 $ (3.6 ) $ (1.0 ) $ (2.6 ) Fair Value Hedges The Company uses interest rate swap agreements designated as fair value hedges to minimize exposure to changes in the fair value of fixed-rate debt that results from fluctuations in benchmark interest rates. During 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 5). Under the interest rate swap, the Company paid a floating interest rate based on the three-month LIBOR plus a spread of 4.14% and the counterparty to the agreement paid a fixed interest rate of 5 7 / 8 %. The gains and losses related to changes in the fair value of the interest rate swap were recorded to “Interest expense, net” and offset changes in the fair value of the underlying hedged 5 7 / 8 % senior notes. During 2016, the Company terminated the existing interest rate swap transaction and received cash proceeds of approximately $7.3 million . The resulting gain was deferred and is being amortized as a reduction to “Interest expense, net” over the remaining term of the Company’s 5 7 / 8 % senior notes through December 1, 2021. Refer to Note 5 for further information. Net Investment Hedges The Company uses non-derivative and derivative instruments, to hedge a portion of its net investment in foreign operations against adverse movements in exchange 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 2015, the Company designated its €312.0 million (or approximately $356.3 million as of June 30, 2017 ) 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. The following table summarizes the notional values of the instrument designated as a net investment hedge (in millions): Notional Amount as of June 30, 2017 December 31, 2016 Foreign currency denominated debt $ 356.3 $ 329.2 The following table summarizes the after-tax impact of changes in the fair value of the instrument designated as a net investment hedge during the three and six months ended June 30, 2017 and 2016 (in millions): (Loss) Gain Recognized in Accumulated Other Comprehensive Loss for the Three Months Ended (Loss) Gain Recognized in Accumulated Other Comprehensive Loss for the Six Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Foreign currency denominated debt $ (22.9 ) $ 5.9 $ (27.1 ) $ (4.1 ) There was no ineffectiveness with respect to the net investment hedge during the three and six months ended June 30, 2017 and 2016 . Derivative Transactions Not Designated as Hedging Instruments During 2017 and 2016 , 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. Gains and losses on such contracts are substantially offset by losses and gains on the remeasurement of the underlying asset or liability being hedged and are immediately recognized into earnings. As of June 30, 2017 and December 31, 2016 , the Company had outstanding foreign currency contracts with a notional amount of approximately $1,336.7 million and $1,550.2 million , respectively. The following table summarizes the impact that changes in the fair value of derivatives not designated as hedging instruments had on earnings (in millions): For the Three Months Ended For the Six Months Ended Classification of Gain June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Foreign currency contracts Other expense, net $ 18.1 $ 6.0 $ 21.9 $ 14.3 The table below sets forth the fair value of derivative instruments as of June 30, 2017 (in millions): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 2.6 Other current liabilities $ 1.3 Interest rate contract Other noncurrent assets — Other noncurrent liabilities 4.9 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 6.7 Other current liabilities 7.1 Total derivative instruments $ 9.3 $ 13.3 The table below sets forth the fair value of derivative instruments as of December 31, 2016 (in millions): Asset Derivatives as of December 31, 2016 Liability Derivatives as of December 31, 2016 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 0.2 Other current liabilities $ 3.8 Interest rate contract Other noncurrent assets — Other noncurrent liabilities 6.4 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 6.3 Other current liabilities 3.2 Total derivative instruments $ 6.5 $ 13.4

Changes in Stockholders' Equity

Changes in Stockholders' Equity	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 (in millions): Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Stockholders’ Equity Balance, December 31, 2016 $ 0.8 $ 103.3 $ 4,113.6 $ (1,441.6 ) $ 61.1 $ 2,837.2 Stock compensation — 24.3 — — — 24.3 Issuance of stock awards — (2.2 ) — — — (2.2 ) SSARs exercised — (1.5 ) — — — (1.5 ) Comprehensive income: Net income — — 81.4 — 2.0 83.4 Other comprehensive income, net of reclassification adjustments: Foreign currency translation adjustments — — — 41.4 0.6 42.0 Defined benefit pension plans, net of tax — — — 5.8 — 5.8 Unrealized gain on derivatives, net of tax — — — 6.1 — 6.1 Payment of dividends to stockholders — — (22.2 ) — — (22.2 ) Investment by noncontrolling interests — — — — 0.2 0.2 Adjustment related to the adoption of ASU 2016-09 — — (1.7 ) — — (1.7 ) Balance, June 30, 2017 $ 0.8 $ 123.9 $ 4,171.1 $ (1,388.3 ) $ 63.9 $ 2,971.4 Total comprehensive (loss) income attributable to noncontrolling interests for the three and six months ended June 30, 2017 and 2016 was as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net income (loss) $ 0.1 $ (0.9 ) $ 2.0 $ 1.5 Other comprehensive income: Foreign currency translation adjustments (1.0 ) 0.8 0.6 0.8 Total comprehensive (loss) income $ (0.9 ) $ (0.1 ) $ 2.6 $ 2.3 The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2017 (in millions): Defined Benefit Pension Plans Deferred Net (Losses) Gains on Derivatives Cumulative Translation Adjustment Total Accumulated other comprehensive loss, December 31, 2016 $ (304.5 ) $ (8.7 ) $ (1,128.4 ) $ (1,441.6 ) Other comprehensive income before reclassifications — 3.6 41.4 45.0 Net losses reclassified from accumulated other comprehensive loss 5.8 2.5 — 8.3 Other comprehensive income, net of reclassification adjustments 5.8 6.1 41.4 53.3 Accumulated other comprehensive loss, June 30, 2017 $ (298.7 ) $ (2.6 ) $ (1,087.0 ) $ (1,388.3 ) 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 June 30, 2017 and 2016 (in millions): Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item within the Condensed Consolidated Statements of Operations Details about Accumulated Other Comprehensive Loss Components Three Months Ended June 30, 2017 (1) Three Months Ended June 30, 2016 (1) Derivatives: Net losses on foreign currency contracts $ 0.8 $ — Cost of goods sold Net losses on interest rate contracts 0.5 0.5 Interest expense, net Reclassification before tax 1.3 0.5 (0.1 ) 0.2 Income tax (provision) benefit Reclassification net of tax $ 1.2 $ 0.7 Defined benefit pension plans: Amortization of net actuarial losses $ 3.1 $ 2.7 (2) Amortization of prior service cost 0.3 0.3 (2) Reclassification before tax 3.4 3.0 (0.5 ) (0.1 ) Income tax provision Reclassification net of tax $ 2.9 $ 2.9 Net losses reclassified from accumulated other comprehensive loss $ 4.1 $ 3.6 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2017 and 2016 . (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 13 to the Company’s Condensed Consolidated Financial Statements. The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2017 and 2016 (in millions): Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item within the Condensed Consolidated Statements of Operations Details about Accumulated Other Comprehensive Loss Components Six months ended June 30, 2017 (1) Six months ended June 30, 2016 (1) Derivatives: Net losses on foreign currency contracts $ 1.5 $ — Cost of goods sold Net losses on interest rate contracts 1.1 0.9 Interest expense, net Reclassification before tax 2.6 0.9 (0.1 ) — Income tax provision Reclassification net of tax $ 2.5 $ 0.9 Defined benefit pension plans: Amortization of net actuarial losses $ 6.1 $ 5.3 (2) Amortization of prior service cost 0.7 0.6 (2) Reclassification before tax 6.8 5.9 (1.0 ) (0.8 ) Income tax provision Reclassification net of tax $ 5.8 $ 5.1 Net losses reclassified from accumulated other comprehensive loss $ 8.3 $ 6.0 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2017 and 2016 . (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 13 to the Company’s Condensed Consolidated Financial Statements. Share Repurchase Program As of June 30, 2017 , the remaining amount authorized to be repurchased is approximately $331.4 million . The authorization for $300.0 million of this amount will expire in December 2019. The remaining amount of $31.4 million authorized has no expiration date.

Accounts Receivable Sales Agree

Accounts Receivable Sales Agreements	6 Months Ended
	Jun. 30, 2017
Accounts Receivable Sales Agreements [Abstract]
Accounts Receivable Sales Agreements	ACCOUNTS RECEIVABLE SALES AGREEMENTS As of June 30, 2017 and December 31, 2016 , 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, Europe and Brazil to its U.S., Canadian, European and Brazilian finance joint ventures. As of both June 30, 2017 and December 31, 2016 , the receivables sold under the U.S., Canadian, European and Brazilian accounts receivable sales agreements were approximately $1.1 billion . 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 $8.9 million and $17.2 million , respectively, during the three and six months ended June 30, 2017 . 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 $4.7 million and $9.5 million during the three and six months ended June 30, 2016 , respectively. The Company’s finance joint ventures in Europe, Brazil and Australia also provide wholesale financing directly 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 June 30, 2017 and December 31, 2016 , these finance joint ventures had approximately $53.3 million and $41.5 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	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [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 June 30, 2017 and 2016 are set forth below (in millions): Three Months Ended June 30, Pension benefits 2017 2016 Service cost $ 4.4 $ 4.1 Interest cost 5.2 6.4 Expected return on plan assets (9.1 ) (10.2 ) Amortization of net actuarial loss 3.1 2.7 Amortization of prior service cost 0.3 0.2 Net periodic pension cost $ 3.9 $ 3.2 Three Months Ended June 30, Postretirement benefits 2017 2016 Service cost $ 0.1 $ — Interest cost 0.4 0.4 Amortization of prior service cost — 0.1 Net periodic postretirement benefit cost $ 0.5 $ 0.5 Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the six months ended June 30, 2017 and 2016 are set forth below (in millions): Six Months Ended June 30, Pension benefits 2017 2016 Service cost $ 8.6 $ 8.2 Interest cost 10.2 12.8 Expected return on plan assets (17.8 ) (20.4 ) Amortization of net actuarial loss 6.1 5.3 Amortization of prior service cost 0.6 0.5 Net periodic pension cost $ 7.7 $ 6.4 Six Months Ended June 30, Postretirement benefits 2017 2016 Service cost $ 0.1 $ — Interest cost 0.8 0.8 Amortization of prior service cost 0.1 0.1 Net periodic postretirement benefit cost $ 1.0 $ 0.9 The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the six months ended June 30, 2017 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2016 $ (404.8 ) $ (100.3 ) $ (304.5 ) Amortization of net actuarial losses 6.1 1.0 5.1 Amortization of prior service cost 0.7 — 0.7 Accumulated other comprehensive loss as of June 30, 2017 $ (398.0 ) $ (99.3 ) $ (298.7 ) During the six months ended June 30, 2017 , approximately $15.4 million of contributions had been made to the Company’s defined pension benefit plans. The Company currently estimates its minimum contributions for 2017 to its defined pension benefit plans will aggregate approximately $28.4 million . During the six months ended June 30, 2017 , the Company made approximately $0.9 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 2017 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
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 categorizes its pension plan assets into one of the three levels of the fair value hierarchy. The Company enters into foreign currency and interest rate swap contracts. The fair values of the Company’s derivative instruments are determined using discounted cash flow valuation models. The significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2. Inputs used in these discounted cash flow valuation models for derivative instruments include the applicable exchange rates, forward rates or interest rates. Such models used for option contracts also use implied volatility. See Note 10 for a discussion of the Company’s derivative instruments and hedging activities. Assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 are summarized below (in millions): As of June 30, 2017 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 9.3 $ — $ 9.3 Derivative liabilities $ — $ 13.3 $ — $ 13.3 As of December 31, 2016 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 6.5 $ — $ 6.5 Derivative liabilities $ — $ 13.4 $ — $ 13.4 The carrying amounts of long-term debt under the Company’s 1.056% senior term loan, credit facility, senior term loans due 2021 and senior term loans due between 2019 and 2026 (Note 5) approximate fair value based on the borrowing rates currently available to the Company for loans with similar terms and average maturities. At June 30, 2017 and December 31, 2016 , the estimated fair value of the Company’s 5 7 / 8 % senior notes (Note 5), based on their listed market values, was approximately $332.9 million and $318.5 million , respectively, compared to its carrying value of $305.9 million and $306.6 million , respectively.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING Effective January 1, 2017, the Company modified its system of reporting, resulting from changes to its internal management and organizational structure, which changed its reportable segments from North America; South America; Europe/Africa/Middle East; and Asia/Pacific to North America; South America; Europe/Middle East; and Asia/Pacific/Africa. The Asia/Pacific/Africa reportable segment includes the regions of Africa, Asia, Australia and New Zealand, and the Europe/Middle East segment no longer includes certain markets in Africa. Effective January 1, 2017, these reportable segments are reflective of how the Company’s chief operating decision maker reviews operating results for the purposes of allocating resources and assessing performance. Disclosures for both the three and six months ended June 30, 2017 and 2016 , as well as the year ended December 31, 2016 , have been adjusted to reflect the change in reportable segments. The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income from operations for one segment may not be comparable to another segment. Segment results for the three and six months ended June 30, 2017 and 2016 and assets as of June 30, 2017 and December 31, 2016 based on the Company’s reportable segments are as follows (in millions): Three Months Ended June 30, North South Europe/ Asia/ Consolidated 2017 Net sales $ 478.8 $ 251.9 $ 1,269.5 $ 165.0 $ 2,165.2 Income from operations 23.0 2.6 172.4 5.7 203.7 Depreciation 15.7 7.9 28.0 3.0 54.6 Capital expenditures 9.1 8.4 15.5 2.2 35.2 2016 Net sales $ 498.9 $ 203.4 $ 1,168.0 $ 125.3 $ 1,995.6 Income from operations 23.6 — 143.5 2.0 169.1 Depreciation 16.5 5.3 30.4 4.2 56.4 Capital expenditures 8.4 8.2 18.1 1.6 36.3 Six Months Ended June 30, North America South America Europe/ Middle East Asia/ Pacific/Africa Consolidated 2017 Net sales $ 861.4 $ 474.1 $ 2,162.0 $ 295.3 $ 3,792.8 Income from operations 25.5 4.8 237.7 7.8 275.8 Depreciation 29.9 14.7 56.7 7.6 108.9 Capital expenditures 31.1 20.1 36.5 4.6 92.3 2016 Net sales $ 907.3 $ 347.6 $ 2,067.1 $ 232.9 $ 3,554.9 Income from operations 22.9 0.4 211.6 1.3 236.2 Depreciation 32.1 9.9 61.2 8.7 111.9 Capital expenditures 19.8 14.4 33.6 4.2 72.0 Assets As of June 30, 2017 $ 1,015.1 $ 806.6 $ 2,016.9 $ 468.7 $ 4,307.3 As of December 31, 2016 $ 978.5 $ 739.4 $ 1,635.2 $ 426.3 $ 3,779.4 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 June 30, Six Months Ended June 30, 2017 2016 2017 2016 Segment income from operations $ 203.7 $ 169.1 $ 275.8 $ 236.2 Corporate expenses (31.3 ) (31.3 ) (57.9 ) (61.0 ) Stock compensation expense (9.8 ) (5.7 ) (21.2 ) (10.8 ) Restructuring expenses (0.4 ) (2.1 ) (5.5 ) (4.0 ) Amortization of intangibles (13.8 ) (11.4 ) (27.2 ) (22.4 ) Consolidated income from operations $ 148.4 $ 118.6 $ 164.0 $ 138.0 June 30, 2017 December 31, 2016 Segment assets $ 4,307.3 $ 3,779.4 Cash and cash equivalents 317.8 429.7 Investments in affiliates 441.2 414.9 Deferred tax assets, other current and noncurrent assets 607.2 560.7 Intangible assets, net 596.0 607.3 Goodwill 1,423.0 1,376.4 Consolidated total assets $ 7,692.5 $ 7,168.4

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
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, AGCO Finance LLC, 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 June 30, 2017 , the Company has outstanding guarantees of indebtedness owed to third parties of approximately $64.6 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 2021 . 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 historically have 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, Europe and Brazil to its U.S., Canadian, European and Brazilian finance joint ventures. The Company also sells certain accounts receivable under factoring arrangements to financial institutions around the world. The Company reviewed the sale of such receivables and determined that these facilities should be accounted for as off-balance sheet transactions. Legal Claims and Other Matters The Environmental Protection Agency of Victoria, Australia has issued the Company’s Australian subsidiary a notice regarding remediation of contamination of a property located in a suburb of Melbourne, Australia. The property was owned and divested by the subsidiary before the subsidiary was acquired by the Company. The Australian subsidiary is in the process of reviewing the claims contained in the notice. At this time, the Company is not able to determine whether the subsidiary might have any liability or the nature and cost of any possible required remediation. 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 June 30, 2017 , not including interest and penalties, was approximately 131.5 million Brazilian reais (or approximately $39.7 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)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which requires the service cost component of net periodic pension and postretirement benefit cost be included in the same line item as other compensation costs arising from services rendered by employees. The other components of net periodic pension and postretirement benefit cost are required to be classified outside the subtotal of income from operations. Of the components of net periodic pension and postretirement benefit cost, only the service cost component will be eligible for asset capitalization. ASU 2017-07 is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, using a retrospective approach for the presentation of the service cost component and other components of net periodic pension and postretirement benefit cost in the statement of operations; and a prospective approach for the capitalization of the service cost component of net periodic pension and postretirement benefit cost in assets. Early adoption is permitted for any interim or annual period. ASU 2017-07 allows a practical expedient for applying the retrospective presentation requirements. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows, but the Company has elected not to early adopt the standard for the year ended December 31, 2017. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”), which eliminates Step 2 from the goodwill impairment test. Under the standard, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, resulting in an impairment charge that is the amount by which the carrying amount exceeds the reporting unit’s fair value. The impairment charge, however, should not exceed the total amount of goodwill allocated to a reporting unit. The impairment assessment under ASU 2017-04 applies to all reporting units, including those with a zero or negative carrying amount. ASU 2017-04 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods using a prospective approach. Early adoption is permitted for any interim or annual goodwill impairment test performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows. In November 2016, the FASB issued ASU 2016-18, “Restricted Cash” (“ASU 2016-18”). which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017, and interim period within those annual periods using a retrospective approach. Early adoption is permitted in any interim or annual period. The Company is currently evaluating the impact of adopting this standard on the Company’s cash flows, but does not expect the standard to have a material impact. In October 2016, the FASB issued ASU 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory” (“ASU 2016-16”), which requires recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the standard eliminates the exception to the recognition of current and deferred income taxes for an intra-entity asset transfer other than for inventory until the asset has been sold to an outside party. ASU 2016-16 is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods using a modified retrospective approach. Early adoption is permitted in any interim or annual period. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows, but the Company has elected not to early adopt the standard for the year ended December 31, 2017. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”), which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The standard is effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. ASU 2016-15 may be applied using a retrospective approach or a prospective approach, if impracticable to apply the amendments retrospectively. Early adoption is permitted in any interim or annual period. The Company adopted ASU 2016-15 on January 1, 2017 and the adoption did not have a material impact on its cash flows. In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”), which requires measurement and recognition of expected versus incurred credit losses for financial assets held. ASU 2016-13 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. This standard will likely impact the results of operations and financial condition of the Company’s finance joint ventures and as a result, will likely impact the Company’s “Investment in affiliates” and “Equity in net earnings of affiliates” upon adoption. The Company’s finance joint ventures are currently evaluating the standard’s impact to their results of operations and financial condition. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. In addition, the standard clarifies the statement of cash flow presentation for certain components of share-based awards. The Company adopted ASU 2016-09 on January 1, 2017 by prospectively recognizing excess tax benefits and tax deficiencies in the Company’s Condensed Consolidated Statements of Operations as the awards vest or were settled, when applicable, and by prospectively presenting excess tax benefits as an operating activity, rather than a financing activity, in the Company’s Condensed Consolidated Statements of Cash Flows, when applicable. In addition, the Company elected to change its accounting policy to recognize actual forfeitures, rather than estimate the number of awards that are expected to vest, by adjusting stock compensation expense in the same period as the forfeitures occur. The change in accounting policy was adopted using a modified retrospective approach, with a cumulative effect adjustment to “Retained Earnings” of approximately $1.7 million as of January 1, 2017 for the difference between stock compensation expense previously recorded and the amount that would have been recorded without assuming forfeitures. In February 2016, the FASB issued ASU 2016-02, “Leases” (“ASU 2016-02”), which supersedes the existing lease guidance under current U.S. GAAP. ASU 2016-02 is based on the principle that entities should recognize assets and liabilities arising from leases. The standard does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Leases are classified as finance or operating. ASU 2016-02’s primary change is the requirement for entities to recognize a lease liability for payments and a right-of-use asset representing the right to use the leased asset during the term of an operating lease arrangement. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of 12 months or less. Lessors’ accounting under the standard is largely unchanged from the previous accounting standard. In addition, ASU 2016-02 expands the disclosure requirements of lease arrangements. The standard is effective for reporting periods beginning after December 15, 2018, and interim periods within those annual periods. Early adoption is permitted. Upon adoption, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating the impact of adopting this standard on the Company’s results of operations, financial condition and cash flows, but the Company has elected not to early adopt the standard for the year ended December 31, 2017. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which provides a single, comprehensive revenue recognition model for all contracts with customers with 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, including significant judgments and changes in those judgments. The standard is effective for reporting periods beginning after December 15, 2017, with early adoption permitted for reporting periods beginning after December 31, 2016. Entities have the option to apply the new standard under a full retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initial adoption and application within the Condensed Consolidated Statement of Stockholders’ Equity. The Company plans to adopt the new standard effective January 1, 2018 under the modified retrospective approach. Under the new model, the Company will begin to recognize an asset for the value of expected replacement parts returns. While the Company has not yet completed its evaluation process, including the identification of new controls and processes designed to meet the requirements of the standard, at this time the Company has not identified any material impacts to the consolidated financial statements that the Company believes will be material in the year of adoption, with the exception of new and expanded disclosures as previously mentioned.
Derivatives	All derivatives are recognized on the Company’s Consolidated Balance Sheets at fair value. On the date the derivative contract is entered into, the Company designates the derivative as either (1) a cash flow hedge of a forecasted transaction, (2) a fair value hedge of a recognized liability, (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.

Restructuring Expenses (Tables)

Restructuring Expenses (Tables)	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Schedule of restructuring expenses	The components of the restructuring expenses are summarized as follows (in millions): Write-down of Property, Plant and Equipment Employee Severance Facility Closure Costs Total Balance as of December 31, 2016 $ — $ 14.5 $ 0.8 $ 15.3 First quarter 2017 provision 0.2 4.9 — 5.1 Less: Non-cash expense (0.2 ) — — (0.2 ) Cash expense — 4.9 — 4.9 First quarter 2017 cash activity — (5.0 ) (0.8 ) (5.8 ) Foreign currency translation — 0.2 — 0.2 Balance as of March 31, 2017 — 14.6 — 14.6 Second quarter 2017 provision — 0.4 — 0.4 Second quarter 2017 cash activity — (2.5 ) — (2.5 ) Foreign currency translation — 0.9 — 0.9 Balance as of June 30, 2017 $ — $ 13.4 $ — $ 13.4

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Share-based Compensation [Abstract]
Schedule of stock compensation expense	The Company recorded stock compensation expense as follows for the three and six months ended June 30, 2017 and 2016 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Cost of goods sold $ 1.0 $ 0.5 $ 1.6 $ 0.9 Selling, general and administrative expenses 9.8 5.7 21.2 10.8 Total stock compensation expense $ 10.8 $ 6.2 $ 22.8 $ 11.7
Schedule of LTIP and Performance Awards activity	Performance award transactions during the six months ended June 30, 2017 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan awards: Shares awarded but not earned at January 1 1,982,120 Shares awarded 531,596 Shares forfeited or unearned (217,498 ) Shares earned — Shares awarded but not earned at June 30 2,296,218
Schedule of RSU activity	RSU transactions during the six months ended June 30, 2017 were as follows: Shares awarded but not vested at January 1 222,730 Shares awarded 108,588 Shares forfeited (7,107 ) Shares vested (86,783 ) Shares awarded but not vested at June 30 237,428
Schedule of SARS activity	SSAR transactions during the six months ended June 30, 2017 were as follows: SSARs outstanding at January 1 1,458,611 SSARs granted 284,500 SSARs exercised (329,569 ) SSARs canceled or forfeited (13,850 ) SSARs outstanding at June 30 1,399,692

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 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, 2016 $ 179.2 $ 558.0 $ 122.1 $ 8.5 $ 867.8 Foreign currency translation 5.6 10.0 6.0 0.2 21.8 Balance as of June 30, 2017 $ 184.8 $ 568.0 $ 128.1 $ 8.7 $ 889.6 Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Accumulated amortization: Balance as of December 31, 2016 $ 49.7 $ 233.0 $ 59.5 $ 2.7 $ 344.9 Amortization expense 4.9 18.7 3.5 0.1 27.2 Foreign currency translation 0.6 4.3 3.5 — 8.4 Balance as of June 30, 2017 $ 55.2 $ 256.0 $ 66.5 $ 2.8 $ 380.5
Schedule of Indefinite-lived Intangible Assets by Major Class	Trademarks and Tradenames Indefinite-lived intangible assets: Balance as of December 31, 2016 $ 84.4 Foreign currency translation 2.5 Balance as of June 30, 2017 $ 86.9
Schedule of Goodwill	Changes in the carrying amount of goodwill during the six months ended June 30, 2017 are summarized as follows (in millions): North America South America Europe/Middle East Asia/ Pacific/Africa Consolidated Balance as of December 31, 2016 $ 543.9 $ 138.8 $ 581.9 $ 111.8 $ 1,376.4 Foreign currency translation — (2.2 ) 43.1 5.7 46.6 Balance as of June 30, 2017 $ 543.9 $ 136.6 $ 625.0 $ 117.5 $ 1,423.0

Indebtedness (Tables)

Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Components Of Indebtedness	Indebtedness consisted of the following at June 30, 2017 and December 31, 2016 (in millions): June 30, 2017 December 31, 2016 1.056% Senior term loan due 2020 $ 228.4 $ 211.0 Credit facility, expiring 2020 428.7 329.2 Senior term loan due 2021 342.6 316.5 5 7 / 8 % Senior notes due 2021 305.9 306.6 Senior term loans due between 2019 and 2026 428.2 395.6 Other long-term debt 133.4 141.6 Debt issuance costs (4.7 ) (5.1 ) 1,862.5 1,695.4 Less: Current portion of other long-term debt (90.4 ) (85.4 ) Total indebtedness, less current portion $ 1,772.1 $ 1,610.0
Schedule of Long-term Debt Instruments	Interest is payable on the term loans in arrears either semi-annually or annually as provided below (in millions): Maturity Date Floating or Fixed Interest Rate Interest Rate Interest Payment Term Loan Amount October 19, 2019 Floating EURIBOR + 0.75% Semi-Annually € 1.0 October 19, 2019 Fixed 0.75% Annually 55.0 October 19, 2021 Floating EURIBOR + 1.00% Semi-Annually 25.5 October 19, 2021 Fixed 1.00% Annually 166.5 October 19, 2023 Floating EURIBOR + 1.25% Semi-Annually 1.0 October 19, 2023 Fixed 1.33% Annually 73.5 October 19, 2026 Fixed 1.98% Annually 52.5 € 375.0

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at June 30, 2017 and December 31, 2016 were as follows (in millions): June 30, 2017 December 31, 2016 Finished goods $ 744.1 $ 589.3 Repair and replacement parts 578.9 532.5 Work in process 189.2 113.8 Raw materials 373.2 279.2 Inventories, net $ 1,885.4 $ 1,514.8

Product Warranty (Tables)

Product Warranty (Tables)	6 Months Ended
	Jun. 30, 2017
Product Warranties Disclosures [Abstract]
Schedule of Warranty Reserve Activity	The warranty reserve activity for the three and six months ended June 30, 2017 and 2016 consisted of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance at beginning of period $ 270.1 $ 241.7 $ 255.6 $ 230.3 Acquisitions — — — 0.6 Accruals for warranties issued during the period 53.4 51.4 104.9 95.4 Settlements made (in cash or in kind) during the period (38.2 ) (47.6 ) (78.1 ) (88.2 ) Foreign currency translation 11.6 (4.9 ) 14.5 2.5 Balance at June 30 $ 296.9 $ 240.6 $ 296.9 $ 240.6

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 and 2016 is as follows (in millions, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 91.5 $ 50.3 $ 81.4 $ 58.1 Weighted average number of common shares outstanding 79.5 82.0 79.5 82.5 Basic net income per share attributable to AGCO Corporation and subsidiaries $ 1.15 $ 0.61 $ 1.02 $ 0.70 Diluted net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 91.5 $ 50.3 $ 81.4 $ 58.1 Weighted average number of common shares outstanding 79.5 82.0 79.5 82.5 Dilutive SSARs, performance share awards and RSUs 0.6 0.1 0.6 0.1 Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share 80.1 82.1 80.1 82.6 Diluted net income per share attributable to AGCO Corporation and subsidiaries $ 1.14 $ 0.61 $ 1.02 $ 0.70

Derivative Instruments and He31

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2016 $ (10.1 ) $ (1.4 ) $ (8.7 ) Net changes in fair value of derivatives 3.9 0.3 3.6 Net losses reclassified from accumulated other comprehensive loss into income 2.6 0.1 2.5 Accumulated derivative net losses as of June 30, 2017 $ (3.6 ) $ (1.0 ) $ (2.6 ) The following table summarizes the after-tax impact that changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive loss and net income during the three and six months ended June 30, 2017 and 2016 (in millions): Recognized in Net Income Three Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Loss Loss Reclassified from Accumulated Other Comprehensive Loss into Income 2017 Foreign currency contracts (1) $ 1.8 Cost of goods sold $ (0.7 ) Interest rate contract (0.2 ) Interest expense, net (0.5 ) Total $ 1.6 $ (1.2 ) 2016 Foreign currency contracts $ (0.3 ) Cost of goods sold $ — Interest rate contract (4.4 ) Interest expense, net (0.6 ) Total $ (4.7 ) $ (0.6 ) Recognized in Net Income Six Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Loss Loss Reclassified from Accumulated Other Comprehensive Loss into Income 2017 Foreign currency contracts (1) $ 3.2 Cost of goods sold $ (1.4 ) Interest rate contract 0.4 Interest expense, net (1.1 ) Total $ 3.6 $ (2.5 ) 2016 Foreign currency contracts $ (0.3 ) Cost of goods sold $ — Interest rate contract (7.4 ) Interest expense, net (0.9 ) Total $ (7.7 ) $ (0.9 ) ____________________________________ (1) The outstanding contracts as of June 30, 2017 range in maturity through December 2017.
Schedule of Derivative Instruments	The following table summarizes the notional values of the instrument designated as a net investment hedge (in millions): Notional Amount as of June 30, 2017 December 31, 2016 Foreign currency denominated debt $ 356.3 $ 329.2 The following table summarizes the after-tax impact of changes in the fair value of the instrument designated as a net investment hedge during the three and six months ended June 30, 2017 and 2016 (in millions): (Loss) Gain Recognized in Accumulated Other Comprehensive Loss for the Three Months Ended (Loss) Gain Recognized in Accumulated Other Comprehensive Loss for the Six Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Foreign currency denominated debt $ (22.9 ) $ 5.9 $ (27.1 ) $ (4.1 )
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following table summarizes the impact that changes in the fair value of derivatives not designated as hedging instruments had on earnings (in millions): For the Three Months Ended For the Six Months Ended Classification of Gain June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Foreign currency contracts Other expense, net $ 18.1 $ 6.0 $ 21.9 $ 14.3
Fair Value Of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of June 30, 2017 (in millions): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 2.6 Other current liabilities $ 1.3 Interest rate contract Other noncurrent assets — Other noncurrent liabilities 4.9 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 6.7 Other current liabilities 7.1 Total derivative instruments $ 9.3 $ 13.3 The table below sets forth the fair value of derivative instruments as of December 31, 2016 (in millions): Asset Derivatives as of December 31, 2016 Liability Derivatives as of December 31, 2016 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 0.2 Other current liabilities $ 3.8 Interest rate contract Other noncurrent assets — Other noncurrent liabilities 6.4 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 6.3 Other current liabilities 3.2 Total derivative instruments $ 6.5 $ 13.4 Assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 are summarized below (in millions): As of June 30, 2017 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 9.3 $ — $ 9.3 Derivative liabilities $ — $ 13.3 $ — $ 13.3 As of December 31, 2016 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 6.5 $ — $ 6.5 Derivative liabilities $ — $ 13.4 $ — $ 13.4

Changes in Stockholders' Equi32

Changes in Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 (in millions): Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Stockholders’ Equity Balance, December 31, 2016 $ 0.8 $ 103.3 $ 4,113.6 $ (1,441.6 ) $ 61.1 $ 2,837.2 Stock compensation — 24.3 — — — 24.3 Issuance of stock awards — (2.2 ) — — — (2.2 ) SSARs exercised — (1.5 ) — — — (1.5 ) Comprehensive income: Net income — — 81.4 — 2.0 83.4 Other comprehensive income, net of reclassification adjustments: Foreign currency translation adjustments — — — 41.4 0.6 42.0 Defined benefit pension plans, net of tax — — — 5.8 — 5.8 Unrealized gain on derivatives, net of tax — — — 6.1 — 6.1 Payment of dividends to stockholders — — (22.2 ) — — (22.2 ) Investment by noncontrolling interests — — — — 0.2 0.2 Adjustment related to the adoption of ASU 2016-09 — — (1.7 ) — — (1.7 ) Balance, June 30, 2017 $ 0.8 $ 123.9 $ 4,171.1 $ (1,388.3 ) $ 63.9 $ 2,971.4
Schedule of Comprehensive Income (Loss)	Total comprehensive (loss) income attributable to noncontrolling interests for the three and six months ended June 30, 2017 and 2016 was as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net income (loss) $ 0.1 $ (0.9 ) $ 2.0 $ 1.5 Other comprehensive income: Foreign currency translation adjustments (1.0 ) 0.8 0.6 0.8 Total comprehensive (loss) income $ (0.9 ) $ (0.1 ) $ 2.6 $ 2.3
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 six months ended June 30, 2017 (in millions): Defined Benefit Pension Plans Deferred Net (Losses) Gains on Derivatives Cumulative Translation Adjustment Total Accumulated other comprehensive loss, December 31, 2016 $ (304.5 ) $ (8.7 ) $ (1,128.4 ) $ (1,441.6 ) Other comprehensive income before reclassifications — 3.6 41.4 45.0 Net losses reclassified from accumulated other comprehensive loss 5.8 2.5 — 8.3 Other comprehensive income, net of reclassification adjustments 5.8 6.1 41.4 53.3 Accumulated other comprehensive loss, June 30, 2017 $ (298.7 ) $ (2.6 ) $ (1,087.0 ) $ (1,388.3 ) The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the six months ended June 30, 2017 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2016 $ (404.8 ) $ (100.3 ) $ (304.5 ) Amortization of net actuarial losses 6.1 1.0 5.1 Amortization of prior service cost 0.7 — 0.7 Accumulated other comprehensive loss as of June 30, 2017 $ (398.0 ) $ (99.3 ) $ (298.7 )
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 June 30, 2017 and 2016 (in millions): Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item within the Condensed Consolidated Statements of Operations Details about Accumulated Other Comprehensive Loss Components Three Months Ended June 30, 2017 (1) Three Months Ended June 30, 2016 (1) Derivatives: Net losses on foreign currency contracts $ 0.8 $ — Cost of goods sold Net losses on interest rate contracts 0.5 0.5 Interest expense, net Reclassification before tax 1.3 0.5 (0.1 ) 0.2 Income tax (provision) benefit Reclassification net of tax $ 1.2 $ 0.7 Defined benefit pension plans: Amortization of net actuarial losses $ 3.1 $ 2.7 (2) Amortization of prior service cost 0.3 0.3 (2) Reclassification before tax 3.4 3.0 (0.5 ) (0.1 ) Income tax provision Reclassification net of tax $ 2.9 $ 2.9 Net losses reclassified from accumulated other comprehensive loss $ 4.1 $ 3.6 ____________________________________ (1) Losses included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2017 and 2016 . (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 13 to the Company’s Condensed Consolidated Financial Statements. The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2017 and 2016 (in millions): Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item within the Condensed Consolidated Statements of Operations Details about Accumulated Other Comprehensive Loss Components Six months ended June 30, 2017 (1) Six months ended June 30, 2016 (1) Derivatives: Net losses on foreign currency contracts $ 1.5 $ — Cost of goods sold Net losses on interest rate contracts 1.1 0.9 Interest expense, net Reclassification before tax 2.6 0.9 (0.1 ) — Income tax provision Reclassification net of tax $ 2.5 $ 0.9 Defined benefit pension plans: Amortization of net actuarial losses $ 6.1 $ 5.3 (2) Amortization of prior service cost 0.7 0.6 (2) Reclassification before tax 6.8 5.9 (1.0 ) (0.8 ) Income tax provision Reclassification net of tax $ 5.8 $ 5.1 Net losses reclassified from accumulated other comprehensive loss $ 8.3 $ 6.0

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Pension And Postretirement Cost	Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the six months ended June 30, 2017 and 2016 are set forth below (in millions): Six Months Ended June 30, Pension benefits 2017 2016 Service cost $ 8.6 $ 8.2 Interest cost 10.2 12.8 Expected return on plan assets (17.8 ) (20.4 ) Amortization of net actuarial loss 6.1 5.3 Amortization of prior service cost 0.6 0.5 Net periodic pension cost $ 7.7 $ 6.4 Six Months Ended June 30, Postretirement benefits 2017 2016 Service cost $ 0.1 $ — Interest cost 0.8 0.8 Amortization of prior service cost 0.1 0.1 Net periodic postretirement benefit cost $ 1.0 $ 0.9
Summary of Accumulated Other Comprehensive Income	The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2017 (in millions): Defined Benefit Pension Plans Deferred Net (Losses) Gains on Derivatives Cumulative Translation Adjustment Total Accumulated other comprehensive loss, December 31, 2016 $ (304.5 ) $ (8.7 ) $ (1,128.4 ) $ (1,441.6 ) Other comprehensive income before reclassifications — 3.6 41.4 45.0 Net losses reclassified from accumulated other comprehensive loss 5.8 2.5 — 8.3 Other comprehensive income, net of reclassification adjustments 5.8 6.1 41.4 53.3 Accumulated other comprehensive loss, June 30, 2017 $ (298.7 ) $ (2.6 ) $ (1,087.0 ) $ (1,388.3 ) The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the six months ended June 30, 2017 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2016 $ (404.8 ) $ (100.3 ) $ (304.5 ) Amortization of net actuarial losses 6.1 1.0 5.1 Amortization of prior service cost 0.7 — 0.7 Accumulated other comprehensive loss as of June 30, 2017 $ (398.0 ) $ (99.3 ) $ (298.7 )
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Pension And Postretirement Cost	Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the three months ended June 30, 2017 and 2016 are set forth below (in millions): Three Months Ended June 30, Pension benefits 2017 2016 Service cost $ 4.4 $ 4.1 Interest cost 5.2 6.4 Expected return on plan assets (9.1 ) (10.2 ) Amortization of net actuarial loss 3.1 2.7 Amortization of prior service cost 0.3 0.2 Net periodic pension cost $ 3.9 $ 3.2
Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Pension And Postretirement Cost	Three Months Ended June 30, Postretirement benefits 2017 2016 Service cost $ 0.1 $ — Interest cost 0.4 0.4 Amortization of prior service cost — 0.1 Net periodic postretirement benefit cost $ 0.5 $ 0.5

Fair Value of Financial Instr34

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of June 30, 2017 (in millions): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 2.6 Other current liabilities $ 1.3 Interest rate contract Other noncurrent assets — Other noncurrent liabilities 4.9 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 6.7 Other current liabilities 7.1 Total derivative instruments $ 9.3 $ 13.3 The table below sets forth the fair value of derivative instruments as of December 31, 2016 (in millions): Asset Derivatives as of December 31, 2016 Liability Derivatives as of December 31, 2016 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 0.2 Other current liabilities $ 3.8 Interest rate contract Other noncurrent assets — Other noncurrent liabilities 6.4 Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 6.3 Other current liabilities 3.2 Total derivative instruments $ 6.5 $ 13.4 Assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 are summarized below (in millions): As of June 30, 2017 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 9.3 $ — $ 9.3 Derivative liabilities $ — $ 13.3 $ — $ 13.3 As of December 31, 2016 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 6.5 $ — $ 6.5 Derivative liabilities $ — $ 13.4 $ — $ 13.4

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Sales Information By Reportable Segments	Segment results for the three and six months ended June 30, 2017 and 2016 and assets as of June 30, 2017 and December 31, 2016 based on the Company’s reportable segments are as follows (in millions): Three Months Ended June 30, North South Europe/ Asia/ Consolidated 2017 Net sales $ 478.8 $ 251.9 $ 1,269.5 $ 165.0 $ 2,165.2 Income from operations 23.0 2.6 172.4 5.7 203.7 Depreciation 15.7 7.9 28.0 3.0 54.6 Capital expenditures 9.1 8.4 15.5 2.2 35.2 2016 Net sales $ 498.9 $ 203.4 $ 1,168.0 $ 125.3 $ 1,995.6 Income from operations 23.6 — 143.5 2.0 169.1 Depreciation 16.5 5.3 30.4 4.2 56.4 Capital expenditures 8.4 8.2 18.1 1.6 36.3 Six Months Ended June 30, North America South America Europe/ Middle East Asia/ Pacific/Africa Consolidated 2017 Net sales $ 861.4 $ 474.1 $ 2,162.0 $ 295.3 $ 3,792.8 Income from operations 25.5 4.8 237.7 7.8 275.8 Depreciation 29.9 14.7 56.7 7.6 108.9 Capital expenditures 31.1 20.1 36.5 4.6 92.3 2016 Net sales $ 907.3 $ 347.6 $ 2,067.1 $ 232.9 $ 3,554.9 Income from operations 22.9 0.4 211.6 1.3 236.2 Depreciation 32.1 9.9 61.2 8.7 111.9 Capital expenditures 19.8 14.4 33.6 4.2 72.0 Assets As of June 30, 2017 $ 1,015.1 $ 806.6 $ 2,016.9 $ 468.7 $ 4,307.3 As of December 31, 2016 $ 978.5 $ 739.4 $ 1,635.2 $ 426.3 $ 3,779.4
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 June 30, Six Months Ended June 30, 2017 2016 2017 2016 Segment income from operations $ 203.7 $ 169.1 $ 275.8 $ 236.2 Corporate expenses (31.3 ) (31.3 ) (57.9 ) (61.0 ) Stock compensation expense (9.8 ) (5.7 ) (21.2 ) (10.8 ) Restructuring expenses (0.4 ) (2.1 ) (5.5 ) (4.0 ) Amortization of intangibles (13.8 ) (11.4 ) (27.2 ) (22.4 ) Consolidated income from operations $ 148.4 $ 118.6 $ 164.0 $ 138.0
Reconciliation of Assets from Segment to Consolidated	June 30, 2017 December 31, 2016 Segment assets $ 4,307.3 $ 3,779.4 Cash and cash equivalents 317.8 429.7 Investments in affiliates 441.2 414.9 Deferred tax assets, other current and noncurrent assets 607.2 560.7 Intangible assets, net 596.0 607.3 Goodwill 1,423.0 1,376.4 Consolidated total assets $ 7,692.5 $ 7,168.4

Restructuring Expenses (Details

Restructuring Expenses (Details) $ in Millions	3 Months Ended			6 Months Ended		36 Months Ended
	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)employees	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)employees
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, headcount reduction (approximately) | employees				220		2,750
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	$ 14.6	$ 15.3		$ 15.3
Restructuring expenses	0.4	5.1	$ 2.1	5.5	$ 4
Restructuring non-cash expense		(0.2)
Restructuring Costs		4.9
Restructuring cash activity	(2.5)	(5.8)
Foreign currency translation	0.9	0.2
Restructuring reserve, end of period	13.4	14.6		13.4		$ 15.3
Write-down Of Property, Plant And Equipment [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	0	0		0
Restructuring expenses	0	0.2
Restructuring non-cash expense		(0.2)
Restructuring Costs		0
Restructuring cash activity	0	0
Foreign currency translation	0	0
Restructuring reserve, end of period	0	0		0		0
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	14.6	14.5		14.5
Restructuring expenses	0.4	4.9
Restructuring non-cash expense		0
Restructuring Costs		4.9
Restructuring cash activity	(2.5)	(5)
Foreign currency translation	0.9	0.2
Restructuring reserve, end of period	13.4	14.6		13.4		14.5
Facility Closing Costs [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	0	0.8		0.8
Restructuring expenses	0	0
Restructuring non-cash expense		0
Restructuring Costs		0
Restructuring cash activity	0	(0.8)
Foreign currency translation	0	0
Restructuring reserve, end of period	$ 0	$ 0		$ 0		$ 0.8

Stock Compensation Plans (Narra

Stock Compensation Plans (Narrative) (Details) $ / shares in Units, $ in Millions	Apr. 27, 2017shares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2016USD ($)$ / shares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2016USD ($)$ / shares	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized		150,000,000		150,000,000		150,000,000
Stock compensation expense | $		$ 10.8	$ 6.2	$ 22.8	$ 11.7
2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized		10,000,000		10,000,000
Shares available for grant, shares		3,114,233		3,114,233
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 | $ / shares				$ 61.83	$ 47.94
Shares awarded				531,596
Share-based compensation cost not yet recognized | $		$ 48.1		$ 48.1
Share-based compensation, recognition period of unrecognized compensation cost, years				2 years
Waived stock award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award accelerated compensation cost | $		$ 4.8
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 | $ / shares		$ 61.83	$ 45.05
Shares awarded				108,588
Share-based compensation cost not yet recognized | $		$ 9.8		$ 9.8
Share-based compensation, recognition period of unrecognized compensation cost, years				2 years
Shares received for every restricted stock unit award given				1
Requisite period				3 years
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost not yet recognized | $		$ 5.8		$ 5.8
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock issued, shares	14,968
Restricted common stocks issued, shares	12,066
Stock compensation expense | $				$ 1
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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$ 10.8	$ 6.2	$ 22.8	$ 11.7
Cost of goods sold [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	1	0.5	1.6	0.9
Selling, general and administrative expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$ 9.8	$ 5.7	$ 21.2	$ 10.8

Stock Compensation Plans (Perfo

Stock Compensation Plans (Performance Award Transactions) (Details) - Performance Shares [Member]	6 Months Ended
	Jun. 30, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding [Roll Forward]
Shares awarded but not earned, beginning of period	1,982,120
Shares awarded	531,596
Shares forfeited or unearned	(217,498)
Shares earned	0
Shares awarded but not earned, end of period	2,296,218

Stock Compensation Plans (Restr

Stock Compensation Plans (Restricted Stock Unit Award Transactions) (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding [Roll Forward]
Shares awarded but not earned, beginning of period	222,730
Shares awarded	108,588
Shares forfeited or unearned	(7,107)
Shares earned	(86,783)
Shares awarded but not earned, end of period	237,428

Stock Compensation Plans (SSAR

Stock Compensation Plans (SSAR Activity) (Details) - Stock Appreciation Rights (SARs) [Member]	6 Months Ended
	Jun. 30, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding [Roll Forward]
SSARs outstanding, beginning of period, shares	1,458,611
SSARs granted, shares	284,500
SSARs exercised, shares	(329,569)
SSARs canceled or forfeited, shares	(13,850)
SSARs outstanding, end of period, shares	1,399,692

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets (Schedule of Change in Carrying Amount) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Gross carrying amounts:
Balance at beginning of period			$ 867.8
Foreign currency translation			21.8
Balance at end of period	$ 889.6		889.6
Accumulated amortization:
Balance at beginning of period			344.9
Amortization expense	13.8	$ 11.4	27.2	$ 22.4
Foreign currency translation			8.4
Balance at end of period	380.5		380.5
Trademarks and Tradenames [Member]
Gross carrying amounts:
Balance at beginning of period			179.2
Foreign currency translation			5.6
Balance at end of period	184.8		184.8
Accumulated amortization:
Balance at beginning of period			49.7
Amortization expense			4.9
Foreign currency translation			0.6
Balance at end of period	55.2		55.2
Customer relationships [Member]
Gross carrying amounts:
Balance at beginning of period			558
Foreign currency translation			10
Balance at end of period	568		568
Accumulated amortization:
Balance at beginning of period			233
Amortization expense			18.7
Foreign currency translation			4.3
Balance at end of period	256		256
Patents and Technology [Member]
Gross carrying amounts:
Balance at beginning of period			122.1
Foreign currency translation			6
Balance at end of period	128.1		128.1
Accumulated amortization:
Balance at beginning of period			59.5
Amortization expense			3.5
Foreign currency translation			3.5
Balance at end of period	66.5		66.5
Land Use Rights [Member]
Gross carrying amounts:
Balance at beginning of period			8.5
Foreign currency translation			0.2
Balance at end of period	8.7		8.7
Accumulated amortization:
Balance at beginning of period			2.7
Amortization expense			0.1
Foreign currency translation			0
Balance at end of period	$ 2.8		$ 2.8
Minimum [Member]
Accumulated amortization:
Estimated useful life, years			5 years
Maximum [Member]
Accumulated amortization:
Estimated useful life, years			50 years

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets (Indefinite-Lived Intangible Assets) (Details) - Trademarks and Tradenames [Member] $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Indefinite-lived intangible assets:
Balance at beginning of period	$ 84.4
Foreign currency translation	2.5
Balance at end of period	$ 86.9

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Goodwill
Goodwill at beginning of period	$ 1,376.4
Foreign currency translation	46.6
Goodwill at end of period	1,423
North America [Member]
Goodwill
Goodwill at beginning of period	543.9
Foreign currency translation	0
Goodwill at end of period	543.9
South America [Member]
Goodwill
Goodwill at beginning of period	138.8
Foreign currency translation	(2.2)
Goodwill at end of period	136.6
EME [Member]
Goodwill
Goodwill at beginning of period	581.9
Foreign currency translation	43.1
Goodwill at end of period	625
APA [Member]
Goodwill
Goodwill at beginning of period	111.8
Foreign currency translation	5.7
Goodwill at end of period	$ 117.5

Indebtedness (Components Of Ind

Indebtedness (Components Of Indebtedness) (Details) $ in Millions	Jun. 30, 2017USD ($)	Jun. 30, 2017EUR (€)	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Senior notes	$ 428.7
Other long-term debt	133.4		$ 141.6
Debt issuance costs	(4.7)		(5.1)
Long-term Debt	1,862.5		1,695.4
Current portion of long term debt	(90.4)		(85.4)
Total indebtedness, less current portion	1,772.1		1,610
Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]
Debt Instrument [Line Items]
Senior notes	228.4	€ 200,000,000	211
Term Loan Facility [Member]
Debt Instrument [Line Items]
Credit facility	428.7		329.2
Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior notes	342.6		316.5
5 7/8% Senior Notes due 2021 [Member]
Debt Instrument [Line Items]
Senior notes	305.9		306.6
Term Loans Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes	$ 428.2		$ 395.6

Indebtedness (Debt Terms) (Deta

Indebtedness (Debt Terms) (Details) - Term Loan Facility [Member]	Jun. 30, 2017USD ($)	Oct. 31, 2016EUR (€)
Debt Instrument [Line Items]
Debt instrument, face amount	$ 428,200,000	€ 375,000,000
Term Loan, Floating Rate Due October 19, 2019 0.75% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		0.75%
Debt instrument, face amount		€ 1,000,000
Term Loan, Fixed Rate Due October 19, 2019 0.75% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		0.75%
Debt instrument, face amount		€ 55,000,000
Term Loan, Floating Rate Due October 19, 2021 1.00% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		1.00%
Debt instrument, face amount		€ 25,500,000
Term Loan, Fixed Rate Due October 19, 2021 1.00% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		1.00%
Debt instrument, face amount		€ 166,500,000
Term Loan, Floating Rate Due October 19, 2023 1.25% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		1.25%
Debt instrument, face amount		€ 1,000,000
Term Loan, Fixed Rate Due October 19, 2023 1.33% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		1.33%
Debt instrument, face amount		€ 73,500,000
Term Loan, Fixed Rate Due October 19, 2026 1.98% [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, percent		1.98%
Debt instrument, face amount		€ 52,500,000

Indebtedness (Narrative) (Detai

Indebtedness (Narrative) (Details)	Oct. 19, 2016USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2016EUR (€)loan_agreement	Oct. 31, 2016EUR (€)loan_agreement	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2017EUR (€)	Dec. 31, 2015EUR (€)	Dec. 31, 2014EUR (€)
Debt Instrument [Line Items]
Debt instrument, unused borrowing capacity | €										€ 200,000,000
Senior notes					$ 428,700,000	$ 428,700,000
Remaining borrowing capacity on line of credit facility					727,600,000	727,600,000
Outstanding letters of credit					15,200,000	$ 15,200,000	$ 17,100,000
Line of Credit [Member] | Interest Accrual, Option Two [Member]
Debt Instrument [Line Items]
Margin on variable rate						0.50%
Line of Credit [Member] | Interest Accrual, Option Three [Member]
Debt Instrument [Line Items]
Margin on variable rate						1.00%
Line of Credit [Member] | Minimum [Member] | Interest Accrual, Option One [Member]
Debt Instrument [Line Items]
Margin on variable rate						1.00%
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%
Line of Credit [Member] | Maximum [Member] | Interest Accrual, Option One [Member]
Debt Instrument [Line Items]
Margin on variable rate						1.75%
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%
4 1/2% Senior Unsecured Term Loan Due 2016 [Member]
Debt Instrument [Line Items]
Net proceeds from issuance of long term debt		$ 112,200,000	€ 99,600,000
Term Loan Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					356,300,000	$ 356,300,000	329,200,000	€ 312,000,000	€ 312,000,000
Credit facility					428,700,000	428,700,000	329,200,000
Number of loan agreements entered | loan_agreement				7
Debt instrument, face amount				€ 375,000,000	428,200,000	428,200,000
Net proceeds from issuance of long term debt	$ 409,500,000			€ 373,200,000
Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]
Debt Instrument [Line Items]
Senior notes					$ 228,400,000	$ 228,400,000	$ 211,000,000	€ 200,000,000
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]
Senior notes					$ 305,900,000	$ 305,900,000	$ 306,600,000
Debt instrument, interest rate, percent					5.875%	5.875%	5.875%	5.875%
Debt instrument, face amount					$ 305,900,000	$ 305,900,000	$ 306,600,000
Debt instrument, redemption price, percentage						100.00%
5 7/8% Senior Notes due 2021 [Member] | Interest Accrual, Option Two [Member]
Debt Instrument [Line Items]
Margin on variable rate						0.50%
Senior Unsecured Term Loan Due April 26, 2021, Total [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			€ 300,000,000		342,600,000	$ 342,600,000
Senior Unsecured Term Loan Due April 26, 2021, Total [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin on variable rate		1.00%	1.00%
Senior Unsecured Term Loan Due April 26, 2021, Total [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin on variable rate		1.75%	1.75%
Senior Unsecured Term Loan Due April 26, 2021, First Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount | €			€ 100,000,000
Senior Unsecured Term Loan Due April 26, 2021, Second Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount | €			€ 200,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on line of credit facility					800,000,000	800,000,000
Credit facility					$ 72,400,000	$ 72,400,000	0
Remaining borrowing capacity on line of credit facility							800,000,000
Rabobank [Member] | Senior Unsecured Term Loan Due April 26, 2021, Total [Member]
Debt Instrument [Line Items]
Number of loan agreements entered | loan_agreement			2
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%		0.33%
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Deferred gain on hedge termination						$ 5,900,000	$ 7,300,000
Amortization of deferred hedge gains					$ 400,000	$ 700,000

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 744.1	$ 589.3
Repair and replacement parts	578.9	532.5
Work in process	189.2	113.8
Raw materials	373.2	279.2
Inventories, net	$ 1,885.4	$ 1,514.8

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Warranty reserve activity:
Balance at beginning of period	$ 270.1	$ 241.7	$ 255.6	$ 230.3
Acquisitions	0	0	0	0.6
Accruals for warranties issued during the period	53.4	51.4	104.9	95.4
Settlements made (in cash or in kind) during the period	(38.2)	(47.6)	(78.1)	(88.2)
Foreign currency translation	11.6	(4.9)	14.5	2.5
Balance at end of period	296.9	$ 240.6	$ 296.9	$ 240.6
Product warranty period, minimum, years			1 year
Product warranty period, maximum, years			4 years
Product warranty accrual, current	262.2		$ 262.2		$ 223.1
Product warranty accrual, noncurrent	$ 34.7		$ 34.7		$ 32.5

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$ 91.5	$ 50.3	$ 81.4	$ 58.1
Weighted average number of common shares outstanding, shares	79.5	82	79.5	82.5
Basic net income per share attributable to AGCO Corporation and subsidiaries, dollars per share	$ 1.15	$ 0.61	$ 1.02	$ 0.70
Diluted net income per share:
Dilutive SSARs, performance share awards and restricted stock awards, shares	0.6	0.1	0.6	0.1
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted income per share, shares	80.1	82.1	80.1	82.6
Diluted net income per share attributable to AGCO Corporation and subsidiaries, dollars per share	$ 1.14	$ 0.61	$ 1.02	$ 0.70
Stock Appreciation Rights (SARs) [Member]
Diluted net income per share:
SSARs excluded from earnings per share computation, shares	0.3	0.3	1.2	1.2

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Unrecognized income tax benefits that would affect effective tax rate	$ 155.8	$ 139.9
Accrued or deferred taxes relating to uncertain income tax positions	50	47
Accrued interest and penalties relating to unrecognized tax benefits	$ 19.6	$ 16.4

Derivative Instruments and He52

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)country	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Number of countries where products sold, countries (over 150) | country	150
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 356,300,000			€ 312
Debt instrument, interest rate, percent	0.33%
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 133,000,000	$ 111,200,000
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
Deferred gain on hedge termination	5,900,000	7,300,000
Derivative, variable interest rate			4.14%	4.14%
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 1,336,700,000	$ 1,550,200,000

Derivative Instruments and He53

Derivative Instruments and Hedging Activities (After-Tax Impact of Changes in Fair Value and Derivatives Designated as Cash) (Details) - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss	$ 1.6	$ (4.7)	$ 3.6	$ (7.7)
Loss Reclassified from Accumulated Other Comprehensive Loss into Income	(1.2)	(0.6)	(2.5)	(0.9)
Cost of Goods, Total [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss	1.8	(0.3)	3.2	(0.3)
Loss Reclassified from Accumulated Other Comprehensive Loss into Income	(0.7)	0	(1.4)	0
Interest Expense [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss	(0.2)	(4.4)	0.4	(7.4)
Loss Reclassified from Accumulated Other Comprehensive Loss into Income	$ (0.5)	$ (0.6)	$ (1.1)	$ (0.9)

Derivative Instruments and He54

Derivative Instruments and Hedging Activities (Summary Of Accumulated Other Comprehensive Loss Related To Derivatives) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
After-Tax Amount
Accumulated derivative net losses as of beginning of period			$ 2,837.2
Net losses reclassified from accumulated other comprehensive loss into income	$ 4.1	$ 3.6	8.3	$ 6
Accumulated derivative net losses as of end of period	2,971.4		2,971.4
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Before-Tax Amount
Accumulated derivative net losses as the beginning of the period			(10.1)
Net changes in fair value of derivatives			3.9
Net losses reclassified from accumulated other comprehensive loss into income			2.6
Accumulated derivative net losses as of the end of the period	(3.6)		(3.6)
Income Tax
Accumulated derivative net losses as of the beginning of the period			(1.4)
Net changes in fair value of derivatives			0.3
Net losses reclassified from accumulated other comprehensive loss into income			0.1
Accumulated derivative net losses as of the end of the period	(1)		(1)
After-Tax Amount
Accumulated derivative net losses as of beginning of period			(8.7)
Net changes in fair value of derivatives			3.6
Net losses reclassified from accumulated other comprehensive loss into income			2.5
Accumulated derivative net losses as of end of period	$ (2.6)		$ (2.6)

Derivative Instruments and He55

Derivative Instruments and Hedging Activities (Notional Values and After-Tax Impact of Changes in Fair Value) (Details) - Designated as Hedging Instrument [Member] - Net Investment Hedging [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Derivative, notional amount	$ 356.3		$ 356.3		$ 329.2
Gain (loss) on derivative used in net investment hedge, net of tax	$ (22.9)	$ 5.9	$ (27.1)	$ (4.1)

Derivative Instruments and He56

Derivative Instruments and Hedging Activities (Fair Value Of Derivative Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Derivative asset, fair value	$ 9.3		$ 9.3		$ 6.5
Derivative liability, fair value	13.3		13.3		13.4
Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	9.3		9.3		6.5
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	13.3		13.3		13.4
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	2.6		2.6		0.2
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	1.3		1.3		3.8
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative asset, fair value	6.7		6.7		6.3
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	7.1		7.1		3.2
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivative [Line Items]
Derivative asset, fair value	0		0		0
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivative [Line Items]
Derivative liability, fair value	4.9		4.9		$ 6.4
Other Nonoperating Income (Expense) [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, gain (loss), net	$ 18.1	$ 6	$ 21.9	$ 14.3

Changes in Stockholders' Equi57

Changes in Stockholders' Equity (Schedule of Stockholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated derivative net losses as of beginning of period			$ 2,837.2
Stock compensation			24.3
Issuance of stock awards			(2.2)
SSARs exercised			(1.5)
Comprehensive income:
Net income			83.4
Other comprehensive income, net of reclassification adjustments:
Foreign currency translation adjustments			42
Defined benefit pension plans, net of tax	$ 2.9	$ 2.9	5.8	$ 5.1
Unrealized gain on derivatives, net of tax	2.8	$ (4.1)	6.1	$ (6.8)
Payment of dividends to stockholders			(22.2)
Investment by noncontrolling interests			0.2
Adjustment related to the adoption of ASU 2016-09	(1.7)		(1.7)
Accumulated derivative net losses as of end of period	2,971.4		2,971.4
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated derivative net losses as of beginning of period			0.8
Other comprehensive income, net of reclassification adjustments:
Accumulated derivative net losses as of end of period	0.8		0.8
Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated derivative net losses as of beginning of period			103.3
Stock compensation			24.3
Issuance of stock awards			(2.2)
SSARs exercised			(1.5)
Other comprehensive income, net of reclassification adjustments:
Accumulated derivative net losses as of end of period	123.9		123.9
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated derivative net losses as of beginning of period			4,113.6
Comprehensive income:
Net income			81.4
Other comprehensive income, net of reclassification adjustments:
Payment of dividends to stockholders			(22.2)
Adjustment related to the adoption of ASU 2016-09	(1.7)		(1.7)
Accumulated derivative net losses as of end of period	4,171.1		4,171.1
Accumulated Other Comprehensive Loss [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated derivative net losses as of beginning of period			(1,441.6)
Other comprehensive income, net of reclassification adjustments:
Foreign currency translation adjustments			41.4
Defined benefit pension plans, net of tax			5.8
Unrealized gain on derivatives, net of tax			6.1
Accumulated derivative net losses as of end of period	(1,388.3)		(1,388.3)
Noncontrolling Interests [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated derivative net losses as of beginning of period			61.1
Comprehensive income:
Net income			2
Other comprehensive income, net of reclassification adjustments:
Foreign currency translation adjustments			0.6
Investment by noncontrolling interests			0.2
Accumulated derivative net losses as of end of period	$ 63.9		$ 63.9

Changes in Stockholders' Equi58

Changes in Stockholders' Equity (Schedule of Comprehensive Income for Noncontrolling Interest) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Net income (loss)	$ 0.1	$ (0.9)	$ 2	$ 1.5
Other comprehensive income:
Foreign currency translation adjustments	(1)	0.8	0.6	0.8
Total comprehensive (loss) income	$ (0.9)	$ (0.1)	$ 2.6	$ 2.3

Changes in Stockholders' Equi59

Changes in Stockholders' Equity (Changes in Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated derivative net losses as of beginning of period			$ 2,837.2
Net losses reclassified from accumulated other comprehensive loss	$ 4.1	$ 3.6	8.3	$ 6
Other comprehensive income, net of reclassification adjustments	5	65.6	53.9	159.9
Accumulated derivative net losses as of end of period	2,971.4		2,971.4
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated derivative net losses as of beginning of period			(304.5)
Other comprehensive income before reclassifications			0
Net losses reclassified from accumulated other comprehensive loss	2.9	$ 2.9	5.8	$ 5.1
Other comprehensive income, net of reclassification adjustments			5.8
Accumulated derivative net losses as of end of period	(298.7)		(298.7)
Deferred Net (Losses) Gains on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated derivative net losses as of beginning of period			(8.7)
Other comprehensive income before reclassifications			3.6
Net losses reclassified from accumulated other comprehensive loss			2.5
Other comprehensive income, net of reclassification adjustments			6.1
Accumulated derivative net losses as of end of period	(2.6)		(2.6)
Cumulative Translatoin Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated derivative net losses as of beginning of period			(1,128.4)
Other comprehensive income before reclassifications			41.4
Net losses reclassified from accumulated other comprehensive loss			0
Other comprehensive income, net of reclassification adjustments			41.4
Accumulated derivative net losses as of end of period	(1,087)		(1,087)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated derivative net losses as of beginning of period			(1,441.6)
Other comprehensive income before reclassifications			45
Net losses reclassified from accumulated other comprehensive loss			8.3
Other comprehensive income, net of reclassification adjustments			53.3
Accumulated derivative net losses as of end of period	$ (1,388.3)		$ (1,388.3)

Changes in Stockholders' Equi60

Changes in Stockholders' Equity (Reclassifications out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ 1,689.8	$ 1,568.6	$ 2,987.1	$ 2,813.2
Interest expense, net	11.3	11.9	22	22.4
Income before income taxes and equity in net earnings of affiliates	(119.4)	(90.7)	(111.3)	(88.3)
Income tax provision	36.9	54.8	48	54.4
Net income attributable to AGCO Corporation and subsidiaries	(91.5)	(50.3)	(81.4)	(58.1)
Net losses reclassified from accumulated other comprehensive loss into income	4.1	3.6	8.3	6
Deferred Net (Losses) Gains on Derivatives [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income			2.6
Reclassification from AOCI, Current Period, Tax			(0.1)
Net losses reclassified from accumulated other comprehensive loss into income			2.5
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income	3.1	2.7	6.1	5.3
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income	0.3	0.3	0.7	0.6
Defined Benefit Pension Plans [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income	3.4	3	6.8	5.9
Reclassification from AOCI, Current Period, Tax	(0.5)	(0.1)	(1)	(0.8)
Net losses reclassified from accumulated other comprehensive loss into income	2.9	2.9	5.8	5.1
Reclassification out of Accumulated Other Comprehensive Income [Member] | Deferred Net (Losses) Gains on Derivatives [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes and equity in net earnings of affiliates	1.3	0.5	2.6	0.9
Income tax provision	(0.1)	0.2	(0.1)	0
Net income attributable to AGCO Corporation and subsidiaries	1.2	0.7	2.5	0.9
Foreign Exchange Contract [Member] | 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	0.8	0	1.5	0
Interest Rate Contract [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Deferred Net (Losses) Gains on Derivatives [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	$ 0.5	$ 0.5	$ 1.1	$ 0.9

Changes in Stockholders' Equi61

Changes in Stockholders' Equity (Narrative) (Details)	Jun. 30, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, outstanding balance authorized to be repurchased	$ 331,400,000
Stock repurchase program, value of remaining number of shares authorized to be repurchased	31,400,000
December 2016 ASR Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 300,000,000

Accounts Receivable Sales Agr62

Accounts Receivable Sales Agreements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net cash received from receivables sold			$ 1,100		$ 1,100
Outstanding accounts receivable associated with retail finance joint ventures in Brazil and Australia	$ 53.3		53.3		$ 41.5
Other Expenses, Net [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss on sales of receivables	$ 8.9	$ 4.7	$ 17.2	$ 9.5

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 15.4
Estimated minimum contributions	28.4
Postretirement Health Coverage [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	0.9
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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4.4	$ 4.1	$ 8.6	$ 8.2
Interest cost	5.2	6.4	10.2	12.8
Expected return on plan assets	(9.1)	(10.2)	(17.8)	(20.4)
Amortization of net actuarial loss	3.1	2.7	6.1	5.3
Amortization of prior service cost	0.3	0.2	0.6	0.5
Net periodic pension or postretirement benefit cost	3.9	3.2	7.7	6.4
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0	0.1	0
Interest cost	0.4	0.4	0.8	0.8
Amortization of prior service cost	0	0.1	0.1	0.1
Net periodic pension or postretirement benefit cost	$ 0.5	$ 0.5	$ 1	$ 0.9

Employee Benefit Plans (Net Per

Employee Benefit Plans (Net Periodic Pension Costs Included in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
After-Tax Amount
Net losses reclassified from accumulated other comprehensive loss	$ (4.1)	$ (3.6)	$ (8.3)	$ (6)
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Before-Tax Amount
Accumulated other comprehensive loss as of December 31, 2016			(404.8)
Accumulated other comprehensive loss as of June 30, 2017	(398)		(398)
Income Tax
Accumulated other comprehensive loss as of December 31, 2016			(100.3)
Accumulated other comprehensive loss as of June 30, 2017	(99.3)		(99.3)
After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2016			(304.5)
Accumulated other comprehensive loss as of June 30, 2017	$ (298.7)		(298.7)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member]
Before-Tax Amount
Amortization of prior service cost and net actual loss			6.1
Income Tax
Amortization of prior service cost and net actual loss			1
After-Tax Amount
Net losses reclassified from accumulated other comprehensive loss			5.1
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Including Portion Attributable to Noncontrolling Interest [Member]
Before-Tax Amount
Amortization of prior service cost and net actual loss			0.7
Income Tax
Amortization of prior service cost and net actual loss			0
After-Tax Amount
Net losses reclassified from accumulated other comprehensive loss			$ 0.7

Fair Value of Financial Instr66

Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	$ 9,300,000	$ 6,500,000
Derivative liability, fair value	13,300,000	13,400,000
Long-term debt, fair value	332,900,000	318,500,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	9,300,000	6,500,000
Derivative liability, fair value	$ 13,300,000	$ 13,400,000
Senior Unsecured Term Loan Due January 15, 2020, 1.056% [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, percent	1.056%	1.056%
5 7/8% Senior Notes due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, percent	5.875%	5.875%
Debt instrument, face amount	$ 305,900,000	$ 306,600,000

Segment Reporting (Sales Inform

Segment Reporting (Sales Information By Reportable Segments) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)reportable_segment	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments, segments | reportable_segment			4
Net sales	$ 2,165.2	$ 1,995.6	$ 3,792.8	$ 3,554.9
Income from operations	148.4	118.6	164	138
Depreciation			108.9	111.9
Capital expenditures			92.3	72
Segment assets	7,692.5		7,692.5		$ 7,168.4
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	2,165.2	1,995.6	3,792.8	3,554.9
Income from operations	203.7	169.1	275.8	236.2
Depreciation	54.6	56.4	108.9	111.9
Capital expenditures	35.2	36.3	92.3	72
Segment assets	4,307.3		4,307.3		3,779.4
North America [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	478.8	498.9	861.4	907.3
Income from operations	23	23.6	25.5	22.9
Depreciation	15.7	16.5	29.9	32.1
Capital expenditures	9.1	8.4	31.1	19.8
Segment assets	1,015.1		1,015.1		978.5
South America [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	251.9	203.4	474.1	347.6
Income from operations	2.6	0	4.8	0.4
Depreciation	7.9	5.3	14.7	9.9
Capital expenditures	8.4	8.2	20.1	14.4
Segment assets	806.6		806.6		739.4
EMEA [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,269.5	1,168	2,162	2,067.1
Income from operations	172.4	143.5	237.7	211.6
Depreciation	28	30.4	56.7	61.2
Capital expenditures	15.5	18.1	36.5	33.6
Segment assets	2,016.9		2,016.9		1,635.2
Asia Pacific [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	165	125.3	295.3	232.9
Income from operations	5.7	2	7.8	1.3
Depreciation	3	4.2	7.6	8.7
Capital expenditures	2.2	$ 1.6	4.6	$ 4.2
Segment assets	$ 468.7		$ 468.7		$ 426.3

Segment Reporting (Income From

Segment Reporting (Income From Operations And Total Assets) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Income from Operations
Income from operations	$ 148.4	$ 118.6	$ 164	$ 138
Amortization of intangibles	(13.8)	(11.4)	(27.2)	(22.4)
Income from operations	148.4	118.6	164	138
Total Assets
Total assets	7,692.5		7,692.5		$ 7,168.4
Cash and cash equivalents	317.8	324.7	317.8	324.7	429.7	$ 426.7
Investments in affiliates	441.2		441.2		414.9
Deferred tax assets, other current and noncurrent assets	607.2		607.2		560.7
Intangible assets, net	596		596		607.3
Goodwill	1,423		1,423		1,376.4
Consolidated total assets	7,692.5		7,692.5		7,168.4
Operating Segments [Member]
Income from Operations
Income from operations	203.7	169.1	275.8	236.2
Income from operations	203.7	169.1	275.8	236.2
Total Assets
Total assets	4,307.3		4,307.3		3,779.4
Consolidated total assets	4,307.3		4,307.3		$ 3,779.4
Segment Reconciling Items [Member]
Income from Operations
Corporate expenses	(31.3)	(31.3)	(57.9)	(61)
Stock compensation expense	(9.8)	(5.7)	(21.2)	(10.8)
Restructuring expenses	(0.4)	(2.1)	(5.5)	(4)
Amortization of intangibles	$ (13.8)	$ (11.4)	$ (27.2)	$ (22.4)

Commitments and Contingencies (

Commitments and Contingencies (Details) - 6 months ended Jun. 30, 2017 BRL in Millions	USD ($)	BRL
Guarantees [Abstract]
Guaranteed indebtedness owed to third parties	$ 64,600,000
Loss Contingency [Abstract]
Tax disallowance not including interest and penalties	39,700,000	BRL 131.5
Retail Finance Joint Venture [Member]
Guarantees [Abstract]
Maximum repossessed inventory purchase obligation with retail joint ventures	$ 6,000,000