AGCO (AGCO) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-12930
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	58-1960019
Entity Address, Address Line One	4205 River Green Parkway
Entity Address, City or Town	Duluth,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30096
City Area Code	(770)
Local Phone Number	813-9200
Title of 12(b) Security	Common stock
Trading Symbol	AGCO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		74,896,446
Entity Registrant Name	AGCO CORP /DE
Entity Central Index Key	0000880266
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 404.4	$ 432.8
Accounts and notes receivable, net	903.3	800.5
Inventories, net	2,169	2,078.7
Other current assets	394.2	417.1
Total current assets	3,870.9	3,729.1
Property, plant and equipment, net	1,363.6	1,416.3
Right-of-use lease assets	178	187.3
Investment in affiliates	387.6	380.2
Deferred tax assets	68.5	93.8
Other assets	192.8	153
Intangible assets, net	470	501.7
Goodwill	1,246.6	1,298.3
Total assets	7,778	7,759.7
Current Liabilities:
Current portion of long-term debt	1.9	2.9
Short-term borrowings	102.6	150.5
Accounts payable	792.1	914.8
Accrued expenses	1,552.4	1,654.2
Other current liabilities	158.7	162.1
Total current liabilities	2,607.7	2,884.5
Long-term debt, less current portion and debt issuance costs	1,652.1	1,191.8
Operating lease liabilities	138.2	148.6
Pension and postretirement health care benefits	224.7	232.1
Deferred tax liabilities	103.5	107
Other noncurrent liabilities	334.3	288.7
Total liabilities	5,060.5	4,852.7
Commitments and contingencies (Note 17)
AGCO Corporation stockholders’ equity:
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2020 and 2019	0	0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,895,942 and 75,471,562 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	0.8	0.8
Additional paid-in capital	10.1	4.7
Retained earnings	4,490.4	4,443.5
Accumulated other comprehensive loss	(1,825.2)	(1,595.2)
Total AGCO Corporation stockholders’ equity	2,676.1	2,853.8
Noncontrolling interests	41.4	53.2
Total stockholders’ equity	2,717.5	2,907
Total liabilities and stockholders’ equity	$ 7,778	$ 7,759.7

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	74,895,942	75,471,562
Common stock, shares outstanding (in shares)	74,895,942	75,471,562

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 2,006.8	$ 2,422.6	$ 3,935.1	$ 4,418.4
Cost of goods sold	1,574.1	1,858.7	3,051.9	3,397.8
Gross profit	432.7	563.9	883.2	1,020.6
Selling, general and administrative expenses	219.5	260.7	467.1	522.9
Engineering expenses	75.8	87.5	160.7	172
Amortization of intangibles	14.9	15.4	29.9	30.7
Goodwill impairment charge	20	0	20	0
Restructuring expenses	3.8	0	4.6	1.7
Bad debt expense	1.4	0.7	3.2	1.3
Income from operations	97.3	199.6	197.7	292
Interest expense, net	6.1	6	9.5	9.5
Other expense, net	10	11.6	22.5	26.2
Income before income taxes and equity in net earnings of affiliates	81.2	182	165.7	256.3
Income tax provision	31.3	53.2	60.7	72.6
Income before equity in net earnings of affiliates	49.9	128.8	105	183.7
Equity in net earnings of affiliates	10.1	11.6	21.3	22.4
Net income	60	140.4	126.3	206.1
Net loss (income) attributable to noncontrolling interests	9.7	0.4	8.1	(0.2)
Net income attributable to AGCO Corporation and subsidiaries	$ 69.7	$ 140.8	$ 134.4	$ 205.9
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic (in dollars per share)	$ 0.93	$ 1.84	$ 1.79	$ 2.69
Diluted (in dollars per share)	0.93	1.82	1.78	2.66
Cash dividends declared and paid per common share (in dollars per share)	$ 0.16	$ 0.16	$ 0.32	$ 0.31
Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)	74.9	76.6	75.1	76.6
Diluted (in shares)	75.2	77.2	75.6	77.3

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 60	$ 140.4	$ 126.3	$ 206.1
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	(30.3)	4.4	(245.1)	16.6
Defined benefit pension plans, net of tax	3.4	3	6.9	6
Deferred gains and losses on derivatives, net of tax	(4.4)	4.8	5	0.7
Other comprehensive (loss) income, net of reclassification adjustments	(31.3)	12.2	(233.2)	23.3
Comprehensive (loss) income	28.7	152.6	(106.9)	229.4
Comprehensive loss (income) attributable to noncontrolling interests	7.2	(0.3)	11.3	(2.4)
Comprehensive (loss) income attributable to AGCO Corporation and subsidiaries	$ 35.9	$ 152.3	$ (95.6)	$ 227

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 126.3	$ 206.1
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	102.3	107.1
Amortization of intangibles	29.9	30.7
Stock compensation expense	12.7	24.8
Goodwill impairment charge	20	0
Equity in net earnings of affiliates, net of cash received	(20.7)	(16.8)
Deferred income tax provision	2.8	13.2
Other	11.2	3
Changes in operating assets and liabilities:
Accounts and notes receivable, net	(181)	(143.5)
Inventories, net	(210.6)	(513.7)
Other current and noncurrent assets	(62.3)	(18.2)
Accounts payable	(60.9)	83.1
Accrued expenses	(67.9)	1.6
Other current and noncurrent liabilities	76.6	9.7
Total adjustments	(347.9)	(419)
Net cash used in operating activities	(221.6)	(212.9)
Cash flows from investing activities:
Purchases of property, plant and equipment	(117.5)	(114.9)
Proceeds from sale of property, plant and equipment	0.5	0.1
Investments in unconsolidated affiliates	(3.1)	0
Net cash used in investing activities	(120.1)	(114.8)
Cash flows from financing activities:
Proceeds from indebtedness	1,136.5	1,621.5
Repayments of indebtedness	(708.9)	(1,219)
Purchases and retirement of common stock	(55)	(70)
Payment of dividends to stockholders	(24)	(23.7)
Payment of minimum tax withholdings on stock compensation	(16.1)	(26.7)
Payment of debt issuance costs	(1.4)	(0.5)
Investment by noncontrolling interests	0	1
Net cash provided by financing activities	331.1	282.6
Effects of exchange rate changes on cash, cash equivalents and restricted cash	(17.8)	(1.1)
Decrease in cash, cash equivalents and restricted cash	(28.4)	(46.2)
Cash, cash equivalents and restricted cash, beginning of period	432.8	326.1
Cash, cash equivalents and restricted cash, end of period	$ 404.4	$ 279.9

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
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. 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, 2019 . Results for interim periods are not necessarily indicative of the results for the year. The Company cannot predict the ongoing impact of the coronavirus (“COVID-19”) pandemic due to increased volatility in global economic and political environments, uncertain market demand for its products, supply chain disruptions, possible workforce unavailability, exchange rate and commodity price volatility and availability of financing, and their impact to the Company’s net sales, production volumes, costs and overall financial condition and available funding. The Company may be required to record significant impairment charges in the future with respect to noncurrent assets such as goodwill and other intangible assets and equity method investments, whose fair values may be negatively affected by the COVID-19 pandemic. The Company also may be required to write-down obsolete inventory due to decreased customer demand and sales orders. The Company is closely monitoring the collection of accounts receivable, as well as the operating results of its finance joint ventures around the world. If economic conditions around the world continue to deteriorate, the Company and its finance joint ventures may not collect accounts receivable at expected levels, and the operating results of its finance joint ventures may be negatively impacted, thus negatively impacting the Company’s results of operations and financial condition. The Company also is closely assessing its compliance with debt covenants, the recognition of any future insurance recoveries, cash flow hedging forecasts as compared to actual transactions, the fair value of pension assets, accounting for incentive and stock compensation accruals, revenue recognition and discount reserve setting as well as the realization of deferred tax assets in light of the COVID-19 pandemic. Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides temporary accounting relief for contract modifications to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to a new alternative reference rate. ASU 2020-04 can be applied as of the beginning of the interim period that includes March 12, 2020 or any date thereafter. ASU 2020-04 generally will no longer be available to apply after December 31, 2022. Interest on U.S. dollar borrowings under the Company's credit facility and its April 2020 amendment is calculated based upon LIBOR. In the event that LIBOR is no longer published, interest will be calculated upon a base rate. The credit facility and its April 2020 amendment provide for an expedited amendment process once a replacement for LIBOR is established (see Note 5 ). The Company adopted this standard as of March 31, 2020. The adoption did not have a material impact to the Company’s results of operations, financial condition and 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 as the adoption of the standard relates to the Company. In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (“ASU 2019-04”), which provides, among other things, targeted improvements to certain aspects of accounting for credit losses addressed by ASU 2016-13. In November 2019, the FASB issued ASU 2019-11, “Codification Improvements to Topic 326), Financial Instruments - Credit Losses,” which clarifies the treatment of expected recoveries for amounts previously written-off on purchased receivables, provides transition relief for troubled debt restructurings and allows for certain disclosure simplifications of accrued interest. The effective dates for both ASU 2019-04 and ASU 2019-11 are the same as the effective dates for ASU 2016-13. The Company adopted this standard, and its subsequent modifications, as of January 1, 2020. The adoption did not have a material impact to the Company’s results of operations, financial condition and cash flows. New Accounting Pronouncements to be Adopted In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes,” which simplifies various aspects related to accounting for income taxes by removing certain exceptions for investments, intraperiod allocations and interim calculations, and adding guidance to reduce complexity in accounting for income taxes. ASU 2019-12 is effective for annual periods beginning after December 15, 2020, and interim periods within those annual periods using a prospective approach. Early adoption is permitted. Depending on the amendment, adoption may be applied on the retrospective, modified retrospective or prospective basis. The standard will not have a material impact on the Company's results of operations, financial condition and cash flows. As discussed above, in June 2016, the FASB issued ASU 2016-13, which requires measurement and recognition of expected versus incurred credit losses for financial assets held. In November 2019, the FASB issued ASU 2019-10, “Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates,” which delays the effective date of ASU 2016-13 for smaller reporting companies and other non-SEC reporting entities. This applies to the Company’s equity method finance joint ventures who are now required to adopt ASU 2016-13 for annual periods beginning after December 15, 2022 and interim periods within those annual periods. The standard, and its subsequent modification, will likely impact the results of operations and financial condition of the Company’s finance joint ventures. Therefore, adoption of the standard by the Company’s finance joint ventures will likely impact the Company’s “Investment in affiliates” and “Equity in net earnings of affiliates.” The Company’s finance joint ventures currently are evaluating the impact of ASU 2016-13 to their results of operations and financial condition.

Restructuring Expenses

Restructuring Expenses	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring Expenses	RESTRUCTURING EXPENSES From 2014 through 2020 , the Company announced and initiated several actions to rationalize employee headcount at various manufacturing facilities and various administrative offices located in Europe, South America, Africa, 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 4,160 employees between 2014 and 2019. In addition, during 2019, the Company initiated various restructuring activities in an effort to rationalize its grain storage and protein production system operations. During the six months ended June 30, 2020 , the Company recorded severance and related costs associated with further rationalizations in connection with the termination of approximately 300 employees. Restructuring expenses activity during the three and six months ended June 30, 2020 is summarized as follows (in millions): Write-down of Property, Plant and Equipment Employee Severance Facility Closure Costs Total Balance as of December 31, 2019 $ — $ 4.8 $ — $ 4.8 First quarter 2020 provision — 0.7 0.2 0.9 First quarter 2020 provision reversal — (0.1 ) — (0.1 ) First quarter 2020 cash activity — (1.7 ) (0.2 ) (1.9 ) Foreign currency translation — (0.1 ) — (0.1 ) Balance as of March 31, 2020 $ — $ 3.6 $ — $ 3.6 Second quarter 2020 provision 1.6 2.2 — 3.8 Less: Non-cash expense (1.6 ) — — (1.6 ) Cash expense — 2.2 — 2.2 Second quarter 2020 cash activity — (0.8 ) — (0.8 ) Foreign currency translation — (0.1 ) — (0.1 ) Balance as of June 30, 2020 $ — $ 4.9 $ — $ 4.9

Stock Compensation Plans

Stock Compensation Plans	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock Compensation Plans	STOCK COMPENSATION PLANS The Company recorded stock compensation expense as follows for the three and six months ended June 30, 2020 and 2019 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cost of goods sold $ 0.3 $ 0.5 $ 0.4 $ 1.0 Selling, general and administrative expenses 10.1 12.2 12.6 24.2 Total stock compensation expense $ 10.4 $ 12.7 $ 13.0 $ 25.2 Stock Incentive Plan Under the Company’s Long-Term Incentive Plan (the “Plan”), up to 10,000,000 shares of AGCO common stock may be issued. As of June 30, 2020 , of the 10,000,000 shares reserved for issuance under the Plan, approximately 3,237,655 shares were available for grant, assuming the maximum number of shares are earned related to the performance award grants discussed below. The 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 Plan during the six months ended June 30, 2020 and 2019 was $70.84 and $61.01 , respectively. During the six months ended June 30, 2020 , the Company granted 425,440 performance awards related to varying performance periods. The awards granted assume the maximum target levels of performance are achieved. The compensation expense associated with all awards granted under the 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. Performance award transactions during the six months ended June 30, 2020 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 1 932,182 Shares awarded 425,440 Shares forfeited (63,242 ) Shares earned — Shares awarded but not earned at June 30 1,294,380 As of June 30, 2020 , 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, was approximately $25.8 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, 2020 , the Company granted 95,593 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, subject to adjustment in certain cases based on performance metric relative to the Company's peer group, commencing in 2020. The compensation expense associated with these awards is being amortized ratably over the requisite service period for the awards that are expected to vest. The weighted average grant-date fair value of the RSUs granted under the Plan during the six months ended June 30, 2020 and 2019 was $70.83 and $61.01 , respectively. RSU transactions during the six months ended June 30, 2020 were as follows: RSUs awarded but not vested at January 1 396,529 RSUs awarded 95,593 RSUs forfeited (36,051 ) RSUs vested (116,225 ) RSUs awarded but not vested at June 30 339,846 As of June 30, 2020 , the total compensation cost related to the unvested RSUs not yet recognized was approximately $12.2 million , and the weighted average period over which it is expected to be recognized is approximately one and one-half years . Stock-Settled Appreciation Rights The compensation expense associated with the stock-settled appreciation rights (“SSARs”) is amortized ratably over the requisite service period for the awards that are expected to vest. The Company estimates the fair value of the grants using the Black-Scholes option pricing model. SSAR transactions during the six months ended June 30, 2020 were as follows: SSARs outstanding at January 1 759,675 SSARs granted 187,100 SSARs exercised (19,500 ) SSARs canceled or forfeited (32,661 ) SSARs outstanding at June 30 894,614 As of June 30, 2020 , the total compensation cost related to the unvested SSARs not yet recognized was approximately $4.8 million , and the weighted average period over which it is expected to be recognized is approximately two and one-half years . Director Restricted Stock Grants The Plan provides for annual restricted stock grants of the Company’s common stock to all non-employee directors. The 2020 grant was made on April 30, 2020 and equated to 25,542 shares of common stock, of which 19,862 shares of common stock were issued after shares were withheld for taxes. The Company recorded stock compensation expense of approximately $1.4 million during the six months ended June 30, 2020 associated with these grants.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill during the six months ended June 30, 2020 are summarized as follows (in millions): North America South America Europe/Middle East Asia/Pacific/Africa Consolidated Balance as of December 31, 2019 $ 606.0 $ 112.2 $ 463.3 $ 116.8 $ 1,298.3 Impairment charge (20.0 ) — — — (20.0 ) Foreign currency translation — (29.2 ) (1.2 ) (1.3 ) (31.7 ) Balance as of June 30, 2020 $ 586.0 $ 83.0 $ 462.1 $ 115.5 $ 1,246.6 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. The COVID-19 pandemic has adversely impacted the global economy as a whole. Based on current macroeconomic conditions, the Company assessed its goodwill and other intangible assets for indications of impairment as of March 31, 2020 and June 30, 2020 . As of June 30, 2020 , the Company concluded there were indicators of impairment during the three months ended June 30, 2020 related to one of its smaller reporting units, which is a 50% -owned tillage and seeding joint venture. The Company consolidates the reporting unit as it was determined to be the primary beneficiary of the joint venture. Deteriorating market conditions for the products the joint venture sells have been negatively impacted by the COVID-19 pandemic in the second quarter, greater than initially expected. As a result, recently updated strategic reviews with revised forecasts indicated an impairment of the entire goodwill balance of this reporting unit was necessary as of June 30, 2020 . During the three months ended June 30, 2020 , an impairment charge of approximately $20.0 million was recorded as "Goodwill impairment charge" within the Company's Condensed Consolidated Statements of Operations, with an offsetting benefit of approximately $10.0 million included within "Net loss attributable to noncontrolling interests." Changes in the carrying amount of acquired intangible assets during the six months ended June 30, 2020 are summarized as follows (in millions): Gross carrying amounts: Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Balance as of December 31, 2019 $ 199.3 $ 579.0 $ 151.1 $ 8.5 $ 937.9 Foreign currency translation (1.1 ) (9.9 ) (0.3 ) (0.1 ) (11.4 ) Balance as of June 30, 2020 $ 198.2 $ 569.1 $ 150.8 $ 8.4 $ 926.5 Accumulated amortization: Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Balance as of December 31, 2019 $ 83.3 $ 347.4 $ 88.7 $ 3.1 $ 522.5 Amortization expense 5.0 20.2 4.6 0.1 29.9 Foreign currency translation (0.7 ) (8.7 ) (0.2 ) — (9.6 ) Balance as of June 30, 2020 $ 87.6 $ 358.9 $ 93.1 $ 3.2 $ 542.8 Indefinite-lived intangible assets: Trademarks and Tradenames Balance as of December 31, 2019 $ 86.3 Foreign currency translation — Balance as of June 30, 2020 $ 86.3 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.

Indebtedness

Indebtedness	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Indebtedness	INDEBTEDNESS Long-term debt consisted of the following at June 30, 2020 and December 31, 2019 (in millions): June 30, 2020 December 31, 2019 Senior term loan due 2022 $ 168.1 $ 168.1 Credit facility, expires 2023 461.6 — 1.002% Senior term loan due 2025 280.3 280.2 Senior term loans due between 2021 and 2028 736.5 736.2 Other long-term debt 10.6 12.5 Debt issuance costs (3.1 ) (2.3 ) 1,654.0 1,194.7 Current portion of other long-term debt (1.9 ) (2.9 ) Total long-term indebtedness, less current portion $ 1,652.1 $ 1,191.8 Senior Term Loan Due 2022 In October 2018, the Company entered into a term loan agreement with Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (“Rabobank”) in the amount of €150.0 million (or approximately $168.1 million as of June 30, 2020 ). The Company is permitted to prepay the term loan before its maturity date of October 28, 2022. Interest is payable on the term loan quarterly in arrears at an annual rate equal to the Euro Interbank Offered Rate (“EURIBOR”) plus a margin ranging from 0.875% to 1.875% based on the Company’s credit rating. Credit Facility In October 2018, the Company entered into a multi-currency revolving credit facility of $800.0 million . The maturity date of the credit facility is October 17, 2023. Interest accrues on amounts outstanding under the credit facility, at the Company’s option, at either (1) LIBOR plus a margin ranging from 0.875% to 1.875% based on the Company’s credit rating, 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 0.875% based on the Company’s credit rating. As of June 30, 2020 , the Company had approximately $196.1 million of outstanding borrowings under the revolving credit facility and the ability to borrow approximately $603.9 million under the revolving credit facility. As of December 31, 2019 , the Company had no outstanding borrowings under the revolving credit facility and the ability to borrow approximately $800.0 million under the revolving credit facility. On April 9, 2020, the Company entered into an amendment to its $800.0 million multi-currency revolving credit facility to include incremental term loans (“2020 term loans”) that allow the Company to borrow an aggregate principal amount of €235.0 million and $267.5 million , respectively (or an aggregate of approximately $530.9 million as of June 30, 2020 ). Amounts can be drawn incrementally at any time prior to maturity, but must be drawn down proportionately. Amounts drawn must be in a minimum principal amount of $100.0 million and integral multiples of $50.0 million in excess thereof. Once amounts have been repaid, those amounts are not permitted to be re-drawn. The maturity date of the 2020 term loans is April 8, 2022. Interest accrues on amounts outstanding under the 2020 term loans, at the Company's option, at either (1) LIBOR plus a margin based on the Company's credit rating ranging from 1.125% to 2.125% until April 8, 2021 and ranging from 1.375% to 2.375% thereafter, 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 based on the Company’s credit rating ranging from 0.125% to 1.375% until April 8, 2021 and ranging from 0.375% to 1.375% thereafter. The 2020 term loans contain covenants restricting, among other things, the incurrence of indebtedness and the making of certain payments, including dividends. The Company also has to fulfill financial covenants with respect to a total debt to EBITDA ratio and an interest coverage ratio. On April 15, 2020, the Company borrowed €117.5 million and $133.8 million (or an aggregate of approximately $265.5 million as of June 30, 2020 ) of 2020 term loans. The Company simultaneously repaid €100.0 million (or approximately $108.7 million ) of its revolving credit facility from the borrowings received. There were no other borrowings on the 2020 term loans subsequent to the initial borrowings in April during the three months ended June 30, 2020. As of June 30, 2020 , the Company had the ability to borrow approximately $265.4 million of 2020 term loans. Interest on U.S. dollar borrowings under the Company's credit facility and the 2020 term loans is calculated based upon LIBOR. In the event that LIBOR is no longer published, interest will be calculated upon a base rate. The credit facility and 2020 term loans also provides for an expedited amendment process once a replacement for LIBOR is established. 1.002% Senior Term Loan Due 2025 In December 2018, the Company entered into a term loan with the European Investment Bank ("EIB"), which provided the Company with the ability to borrow up to €250.0 million . The €250.0 million (or approximately $280.3 million as of June 30, 2020 ) of funding was received on January 25, 2019 with a maturity date of January 24, 2025. The Company is permitted to prepay the term loan before its maturity date. Interest is payable on the term loan at 1.002% per annum, payable semi-annually in arrears. Senior Term Loans Due Between 2021 and 2028 In October 2016, the Company borrowed an aggregate amount of €375.0 million through a group of seven related term loan agreements, and in August 2018, the Company borrowed an additional aggregate amount of €338.0 million through a group of another seven related term loan agreements. Of the 2016 term loans, an aggregate amount of €56.0 million (or approximately $61.1 million ) was repaid upon maturity of two term loan agreements in October 2019. In aggregate, the Company has indebtedness of €657.0 million (or approximately $736.5 million as of June 30, 2020 ) through this group of twelve related term loan agreements. The provisions of the term loan agreements are substantially identical, with the exception of interest rate terms and maturities. The Company is permitted to prepay the term loans before their maturity dates. For the term loans with a fixed interest rate, interest is payable in arrears on an annual basis, with interest rates ranging from 0.70% to 2.26% and a maturity date between August 2021 and August 2028. For the term loans with a floating interest rate, interest is payable in arrears on a semi-annual basis, with interest rates based on the EURIBOR plus a margin ranging from 0.70% to 1.25% and a maturity date between August 2021 and August 2025. Short-Term Borrowings As of June 30, 2020 and December 31, 2019 , the Company had short-term borrowings due within one year of approximately $102.6 million and $150.5 million , respectively. 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, 2020 and December 31, 2019 , outstanding letters of credit totaled approximately $14.4 million and $13.9 million , respectively.

Recoverable Indirect Taxes

Recoverable Indirect Taxes	6 Months Ended
	Jun. 30, 2020
Recoverable Indirect Taxes [Abstract]
Recoverable Indirect Taxes	RECOVERABLE INDIRECT TAXES The Company’s Brazilian operations incur value added taxes (“VAT”) on certain purchases of raw materials, components and services. These taxes are accumulated as tax credits and create assets that are reduced by the VAT collected from the Company’s sales in the Brazilian market. The Company regularly assesses the recoverability of these tax credits, and establishes reserves when necessary against them, through analyses that include, amongst others, the history of realization, the transfer of tax credits to third parties as authorized by the government, anticipated changes in the supply chain and the future expectation of tax debits from the Company’s ongoing operations. The Company believes that these tax credits, net of established reserves, are realizable. The Company had recorded approximately $99.1 million and $142.3 million , respectively, of VAT tax credits, net of reserves, as of June 30, 2020 and December 31, 2019 .

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories at June 30, 2020 and December 31, 2019 were as follows (in millions): June 30, 2020 December 31, 2019 Finished goods $ 797.0 $ 780.1 Repair and replacement parts 610.0 611.5 Work in process 254.5 213.4 Raw materials 507.5 473.7 Inventories, net $ 2,169.0 $ 2,078.7

Product Warranty

Product Warranty	6 Months Ended
	Jun. 30, 2020
Product Warranties Disclosures [Abstract]
Product Warranty	PRODUCT WARRANTY The warranty reserve activity for the three and six months ended June 30, 2020 and 2019 consisted of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 384.6 $ 361.3 $ 392.8 $ 360.9 Accruals for warranties issued during the period 57.6 48.0 113.9 99.1 Settlements made (in cash or in kind) during the period (38.2 ) (40.2 ) (87.6 ) (87.6 ) Foreign currency translation 5.0 2.8 (10.1 ) (0.5 ) Balance at June 30 $ 409.0 $ 371.9 $ 409.0 $ 371.9 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 $334.3 million and $331.9 million of warranty reserves are included in “Accrued expenses” in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 , respectively. Approximately $74.7 million and $60.9 million of warranty reserves are included in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 , respectively. The Company recognizes recoveries of the costs associated with warranties it provides when the collection is probable. When specifics of the recovery have been agreed upon with the Company’s suppliers through confirmation of liability for the recovery, the Company records the recovery within “Accounts and notes receivable, net.” Estimates of the amount of warranty claim recoveries to be received from the Company’s suppliers based upon contractual supplier arrangements are recorded within “Other current assets.”

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jun. 30, 2020
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 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, 2020 and 2019 is as follows (in millions, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 69.7 $ 140.8 $ 134.4 $ 205.9 Weighted average number of common shares outstanding 74.9 76.6 75.1 76.6 Basic net income per share attributable to AGCO Corporation and subsidiaries $ 0.93 $ 1.84 $ 1.79 $ 2.69 Diluted net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 69.7 $ 140.8 $ 134.4 $ 205.9 Weighted average number of common shares outstanding 74.9 76.6 75.1 76.6 Dilutive SSARs, performance share awards and RSUs 0.3 0.6 0.5 0.7 Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share 75.2 77.2 75.6 77.3 Diluted net income per share attributable to AGCO Corporation and subsidiaries $ 0.93 $ 1.82 $ 1.78 $ 2.66 SSARs to purchase approximately 0.7 million shares of the Company’s common stock for both three and six months ended June 30, 2020 , and approximately 0.4 million and 0.6 million shares of the Company's common stock for the three and six months ended June 30, 2019 , 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, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES At June 30, 2020 and December 31, 2019 , the Company had approximately $229.4 million and $210.7 million , respectively, of gross unrecognized income tax benefits, all of which would affect the Company’s effective tax rate if recognized. Gross unrecognized income tax benefits as of June 30, 2020 and December 31, 2019 include certain indirect favorable effects that relate to other tax jurisdictions of approximately $50.9 million and $44.9 million , respectively. At June 30, 2020 and December 31, 2019 , the Company had approximately $53.4 million and $51.0 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, 2020 and December 31, 2019 , the Company had accrued interest and penalties related to unrecognized tax benefits of approximately $33.8 million and $28.4 million , respectively. Generally, tax years 2014 through 2019 remain open to examination by taxing authorities in the United States and certain other foreign tax jurisdictions. The Company and its subsidiaries are routinely examined by tax authorities in the United States and in various state, local and foreign jurisdictions. As of June 30, 2020 , a number of income tax examinations in foreign jurisdictions are ongoing. The Company maintains a valuation allowance to fully reserve against its net deferred tax assets in the United States and certain other foreign jurisdictions. 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 all adjustments to the valuation allowances were appropriate. In making this assessment, all available evidence was considered including the current economic climate, as well as reasonable tax planning strategies. The Company believes it is more likely than not that the Company will realize its remaining net deferred tax assets, net of the valuation allowance, in future years. On March 27, 2020, the CARES Act (the “Act”) was enacted in the United States in response to the COVID-19 pandemic, and among other things, provides tax relief to businesses. Tax provisions of the Act include the deferral of certain payroll taxes, relief for retaining employees and other provisions. Other governments around the world have also enacted similar measures and may enact further measures in the future. To date, the Act and other similar worldwide measures have not had a material impact to the Company’s results of operations or financial condition.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES 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 2020 and 2019 , 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 approximately $125.3 million and $332.7 million as of June 30, 2020 and December 31, 2019 , respectively. The following tables summarize 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, 2020 and 2019 (in millions): Recognized in Net Income Three Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of the Line Item in the Condensed Consolidated Statements of Operations Containing Hedge Gains (Losses) 2020 Foreign currency contracts $ (1.3 ) Cost of goods sold $ 3.1 $ 1,574.1 2019 Foreign currency contracts $ 4.3 Cost of goods sold $ (0.5 ) $ 1,858.7 Recognized in Net Income Six Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of the Line Item in the Condensed Consolidated Statements of Operations Containing Hedge Gains (Losses) 2020 Foreign currency contracts (1) $ 8.2 Cost of goods sold $ 3.2 $ 3,051.9 2019 Foreign currency contracts $ (0.4 ) Cost of goods sold $ (1.1 ) $ 3,397.8 (1) The outstanding contracts as of June 30, 2020 range in maturity through December 2020 . 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, 2020 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2019 $ (1.5 ) $ (0.2 ) $ (1.3 ) Net changes in fair value of derivatives 9.2 1.0 8.2 Net gains reclassified from accumulated other comprehensive loss into income (3.2 ) — (3.2 ) Accumulated derivative net gains as of June 30, 2020 $ 4.5 $ 0.8 $ 3.7 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 de-designated from a net investment hedge relationship, changes in the value of the foreign currency denominated debt are recorded in earnings through the maturity date. In January 2018, the Company entered into a cross currency swap contract as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. The cross currency swap has an expiration date of January 19, 2021. At maturity of the cross currency swap contract, the Company will deliver the notional amount of approximately €245.7 million (or approximately $275.4 million as of June 30, 2020 ) and will receive $300.0 million from the counterparties. The Company will receive quarterly interest payments from the counterparties based on a fixed interest rate until maturity of the cross currency swap. During the three months ended March 31, 2020, the Company designated €110.0 million of its multi-currency revolving credit facility with a maturity date of October 17, 2023 as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. In May 2020, the Company repaid the designated amount outstanding under its multi-currency revolving credit facility and the foreign currency denominated debt was de-designated as a net investment hedge. During the six months ended June 30, 2019 , the Company designated €160.0 million (or approximately $182.1 million as of June 30, 2019 ) of its multi-currency revolving credit facility as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. During September 2019, the Company repaid the designated amount outstanding under its multi-currency revolving credit facility and the foreign currency denominated debt was de-designated as a net investment hedge. The following table summarizes the notional values of the instrument designated as a net investment hedge (in millions): Notional Amount as of June 30, 2020 December 31, 2019 Cross currency swap contract $ 300.0 $ 300.0 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, 2020 and 2019 (in millions): Gain (Loss) Recognized in Accumulated Other Comprehensive Loss for the Three Months Ended Gain Recognized in Accumulated Other Comprehensive Loss for the Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Cross currency swap contract $ (5.8 ) $ (2.1 ) $ 1.5 $ 4.8 Foreign currency denominated debt 1.1 0.3 1.7 2.0 Derivative Transactions Not Designated as Hedging Instruments During 2020 and 2019 , 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, 2020 and December 31, 2019 , the Company had outstanding foreign currency contracts with a notional amount of approximately $2,552.4 million and $2,800.3 million , respectively. The following table summarizes the impact that changes in the fair value of derivatives not designated as hedging instruments had on net income (in millions): Loss Recognized in Net Income for the Three Months Ended Gain Recognized in Net Income for the Six Months Ended Classification of Gain (Loss) June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Foreign currency contracts Other expense, net $ (9.0 ) $ (3.1 ) $ 23.1 $ 5.7 The table below sets forth the fair value of derivative instruments as of June 30, 2020 (in millions): Asset Derivatives as of June 30, 2020 Liability Derivatives as of June 30, 2020 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 4.6 Other current liabilities $ 0.1 Cross currency swap contract Other noncurrent assets 28.4 Other noncurrent liabilities — Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 23.7 Other current liabilities 17.0 Total derivative instruments $ 56.7 $ 17.1 The table below sets forth the fair value of derivative instruments as of December 31, 2019 (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 $ 0.6 Other current liabilities $ 1.9 Cross currency swap contract Other noncurrent assets 27.0 Other noncurrent liabilities — Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 11.7 Other current liabilities 13.1 Total derivative instruments $ 39.3 $ 15.0

Changes in Stockholders' Equity

Changes in Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Changes in Stockholders' Equity	CHANGES IN STOCKHOLDERS’ EQUITY The following tables set forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the three and six months ended June 30, 2020 (in millions): Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Stockholders’ Equity Balance, March 31, 2020 $ 0.8 $ — $ 4,432.7 $ (1,791.4 ) $ 48.5 $ 2,690.6 Stock compensation — 10.2 (0.1 ) — — 10.1 Issuance of stock awards — (0.1 ) — — — (0.1 ) Comprehensive income: Net income (loss) — — 69.7 — (9.7 ) 60.0 Other comprehensive loss, net of reclassification adjustments: Foreign currency translation adjustments — — — (32.8 ) 2.5 (30.3 ) Defined benefit pension plans, net of tax — — — 3.4 — 3.4 Deferred gains and losses on derivatives, net of tax — — — (4.4 ) — (4.4 ) Payment of dividends to stockholders — — (11.9 ) — — (11.9 ) Change in noncontrolling interest — — — — 0.1 0.1 Balance, June 30, 2020 $ 0.8 $ 10.1 $ 4,490.4 $ (1,825.2 ) $ 41.4 $ 2,717.5 Common Additional Retained Accumulated Other Noncontrolling Total Stockholders’ Balance, December 31, 2019 $ 0.8 $ 4.7 $ 4,443.5 $ (1,595.2 ) $ 53.2 $ 2,907.0 Stock compensation — 16.1 (3.4 ) — — 12.7 Issuance of stock awards — (7.3 ) (8.4 ) — — (15.7 ) SSARs exercised — — (0.1 ) — — (0.1 ) Comprehensive loss: Net income (loss) — — 134.4 — (8.1 ) 126.3 Other comprehensive loss, net of reclassification adjustments: Foreign currency translation adjustments — — — (241.9 ) (3.2 ) (245.1 ) Defined benefit pension plans, net of tax — — — 6.9 — 6.9 Deferred gains and losses on derivatives, net of tax — — — 5.0 — 5.0 Payment of dividends to stockholders — — (24.0 ) — — (24.0 ) Purchases and retirement of common stock — (3.4 ) (51.6 ) — — (55.0 ) Change in noncontrolling interest — — — — (0.5 ) (0.5 ) Balance, June 30, 2020 $ 0.8 $ 10.1 $ 4,490.4 $ (1,825.2 ) $ 41.4 $ 2,717.5 The following tables set forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the three and six months ended June 30, 2019 (in millions): Common Additional Retained Accumulated Other Noncontrolling Total Stockholders’ Balance, March 31, 2019 $ 0.8 $ 9.7 $ 4,491.0 $ (1,545.8 ) $ 63.3 $ 3,019.0 Stock compensation — 12.3 — — — 12.3 Issuance of stock awards — (0.2 ) (0.1 ) — — (0.3 ) SSARs exercised — (3.1 ) — — — (3.1 ) Comprehensive income: Net income (loss) — — 140.8 — (0.4 ) 140.4 Other comprehensive income, net of reclassification adjustments: Foreign currency translation adjustments — — — 3.7 0.7 4.4 Defined benefit pension plans, net of tax — — — 3.0 — 3.0 Deferred gains and losses on derivatives, net of tax — — — 4.8 — 4.8 Payment of dividends to stockholders — — (12.2 ) — — (12.2 ) Purchases and retirement of common stock — (11.6 ) (28.4 ) — — (40.0 ) Investment by noncontrolling interests — — — — 0.4 0.4 Balance, June 30, 2019 $ 0.8 $ 7.1 $ 4,591.1 $ (1,534.3 ) $ 64.0 $ 3,128.7 Common Additional Retained Accumulated Other Noncontrolling Total Stockholders’ Balance, December 31, 2018 $ 0.8 $ 10.2 $ 4,477.3 $ (1,555.4 ) $ 60.6 $ 2,993.5 Stock compensation — 24.8 — — — 24.8 Issuance of stock awards — (13.2 ) (9.7 ) — — (22.9 ) SSARs exercised — (3.1 ) (0.3 ) — — (3.4 ) Comprehensive income: Net income — — 205.9 — 0.2 206.1 Other comprehensive income, net of reclassification adjustments: Foreign currency translation adjustments — — — 14.4 2.2 16.6 Defined benefit pension plans, net of tax — — — 6.0 — 6.0 Deferred gains and losses on derivatives, net of tax — — — 0.7 — 0.7 Payment of dividends to stockholders — — (23.7 ) — — (23.7 ) Purchases and retirement of common stock — (11.6 ) (58.4 ) — — (70.0 ) Investment by noncontrolling interests — — — — 1.0 1.0 Balance, June 30, 2019 $ 0.8 $ 7.1 $ 4,591.1 $ (1,534.3 ) $ 64.0 $ 3,128.7 Total comprehensive (loss) income attributable to noncontrolling interests for the three and six months ended June 30, 2020 and 2019 was as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net (loss) income $ (9.7 ) $ (0.4 ) $ (8.1 ) $ 0.2 Other comprehensive (loss) income: Foreign currency translation adjustments 2.5 0.7 (3.2 ) 2.2 Total comprehensive (loss) income $ (7.2 ) $ 0.3 $ (11.3 ) $ 2.4 The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2020 (in millions): Defined Benefit Pension Plans Deferred Net Gains (Losses) on Derivatives Cumulative Translation Adjustment Total Accumulated other comprehensive loss, December 31, 2019 $ (296.4 ) $ (1.3 ) $ (1,297.5 ) $ (1,595.2 ) Other comprehensive income (loss) before reclassifications — 8.2 (241.9 ) (233.7 ) Net losses (gains) reclassified from accumulated other comprehensive loss 6.9 (3.2 ) — 3.7 Other comprehensive income (loss), net of reclassification adjustments 6.9 5.0 (241.9 ) (230.0 ) Accumulated other comprehensive loss, June 30, 2020 $ (289.5 ) $ 3.7 $ (1,539.4 ) $ (1,825.2 ) The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation and its subsidiaries for the three months ended June 30, 2020 and 2019 (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, 2020 (1) Three Months Ended June 30, 2019 (1) Derivatives: Net (gains) losses on foreign currency contracts $ (3.1 ) $ 0.5 Cost of goods sold Reclassification before tax (3.1 ) 0.5 — — Income tax provision Reclassification net of tax $ (3.1 ) $ 0.5 Defined benefit pension plans: Amortization of net actuarial losses $ 3.2 $ 3.0 Other expense, net (2) Amortization of prior service cost 0.7 0.5 Other expense, net (2) Reclassification before tax 3.9 3.5 (0.5 ) (0.5 ) Income tax provision Reclassification net of tax $ 3.4 $ 3.0 Net losses reclassified from accumulated other comprehensive loss $ 0.3 $ 3.5 (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2020 and 2019 , respectively. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 for additional information on the Company’s defined benefit pension plans. 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, 2020 and 2019 (in millions): Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item within the Condensed Consolidated Details about Accumulated Other Comprehensive Loss Components Six Months Ended June 30, 2020 (1) Six Months Ended June 30, 2019 (1) Derivatives: Net (gains) losses on foreign currency contracts $ (3.2 ) $ 1.1 Cost of goods sold Reclassification before tax (3.2 ) 1.1 — — Income tax provision Reclassification net of tax $ (3.2 ) $ 1.1 Defined benefit pension plans: Amortization of net actuarial losses $ 6.7 $ 6.1 Other expense, net (2) Amortization of prior service cost 1.2 0.9 Other expense, net (2) Reclassification before tax 7.9 7.0 (1.0 ) (1.0 ) Income tax provision Reclassification net of tax $ 6.9 $ 6.0 Net losses reclassified from accumulated other comprehensive loss $ 3.7 $ 7.1 (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2020 and 2019 , respectively. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 for additional information on the Company’s defined benefit pension plans. Share Repurchase Program During the three months ended June 30, 2020 , the Company did not purchase any shares directly or enter into any accelerated share repurchase (“ASR”) agreements as a result of its suspension of share repurchases until business visibility improves. During the three months ended March 31, 2020, the Company entered into ASR agreements with a financial institution to repurchase an aggregate of $55.0 million of shares of its common stock. The Company received approximately 970,141 shares during the three months ended March 31, 2020 related to the ASR agreements. The specific number of shares the Company ultimately repurchased was determined at the completion of the term of the ASR agreements based on the daily volume-weighted average share price of the Company’s common stock less an agreed upon discount. Upon settlement of the ASR agreements, the Company was entitled to receive additional shares of common stock or, under certain circumstances, was required to remit a settlement amount. All shares received under the ASR agreements were retired upon receipt, and the excess of the purchase price over par value per share was recorded to a combination of “Additional paid-in capital” and “Retained earnings” within the Company’s Condensed Consolidated Balance Sheets. As of June 30, 2020 , the remaining amount authorized to be repurchased under board-approved share repurchase authorizations was approximately $245.0 million , which has no expiration date .

Accounts Receivable Sales Agree

Accounts Receivable Sales Agreements Accounts Receivable Sales Agreements	6 Months Ended
	Jun. 30, 2020
Accounts Receivable Sales Agreements [Abstract]
Accounts Receivable Sales Agreements	ACCOUNTS RECEIVABLE SALES AGREEMENTS The Company has 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 June 30, 2020 and December 31, 2019 , the cash received from receivables sold under the U.S., Canadian, European and Brazilian accounts receivable sales agreements was approximately $1.5 billion and $1.6 billion , respectively. Under the terms of the accounts receivable sales agreements in North America, Europe and Brazil, the Company pays an annual 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 accounts receivable sales agreements, calculated based upon LIBOR plus a margin on any non-interest bearing accounts receivable outstanding and sold under the accounts receivable sales agreements. These fees are 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 sales occur 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 sales agreements discussed above, reflected within “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations, were approximately $4.3 million and $12.4 million , respectively, during the three and six months ended June 30, 2020 . Losses on sales of receivables associated with the accounts receivable sales agreements discussed above, reflected within “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations, were approximately $11.0 million and $19.7 million , respectively, during the three and six months ended June 30, 2019 . 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, 2020 and December 31, 2019 , these finance joint ventures had approximately $77.3 million and $104.3 million , respectively, of outstanding accounts receivable associated with these arrangements. The Company reviewed its accounting for these arrangements and determined that these arrangements should be accounted for as off-balance sheet transactions. In addition, the Company sells certain trade receivables under factoring arrangements to other financial institutions around the world. The Company reviewed the sale of such receivables and determined that these arrangements should be accounted for as off-balance sheet transactions.

Pension and Postretirement Bene

Pension and Postretirement Benefit Plans	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Pension and Postretirement Benefit Plans	PENSION AND POSTRETIREMENT BENEFIT PLANS Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the three and six months ended June 30, 2020 and 2019 are set forth below (in millions): Three Months Ended June 30, Six Months Ended June 30, Pension benefits 2020 2019 2020 2019 Service cost $ 4.0 $ 3.9 $ 8.0 $ 7.8 Interest cost 4.1 5.3 8.2 10.6 Expected return on plan assets (7.0 ) (7.1 ) (14.1 ) (14.3 ) Amortization of net actuarial losses 3.2 3.0 6.6 6.1 Amortization of prior service cost 0.6 0.4 1.1 0.8 Net periodic pension cost $ 4.9 $ 5.5 $ 9.8 $ 11.0 Three Months Ended June 30, Six Months Ended June 30, Postretirement benefits 2020 2019 2020 2019 Interest cost $ 0.3 $ 0.3 $ 0.6 $ 0.7 Amortization of net actuarial losses — — 0.1 — Amortization of prior service cost 0.1 0.1 0.1 0.1 Net periodic postretirement benefit cost $ 0.4 $ 0.4 $ 0.8 $ 0.8 The components of net periodic pension and postretirement benefits cost, other than the service cost component, are included in “Other expense, net” in the Company’s Condensed Consolidated Statements of Operations. 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, 2020 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2019 $ (393.2 ) $ (96.8 ) $ (296.4 ) Amortization of net actuarial losses 6.7 0.9 5.8 Amortization of prior service cost 1.2 0.1 1.1 Accumulated other comprehensive loss as of June 30, 2020 $ (385.3 ) $ (95.8 ) $ (289.5 ) During the six months ended June 30, 2020 , the Company made approximately $17.1 million of contributions to its defined pension benefit plans. The Company currently estimates its minimum contributions for 2020 to its defined pension benefit plans will aggregate approximately $32.2 million . During the six months ended June 30, 2020 , the Company made approximately $0.7 million of contributions to its postretirement health care and life insurance benefit plans. The Company currently estimates that it will make approximately $1.6 million of contributions to its postretirement health care and life insurance benefit plans during 2020 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
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 11 for additional information on the Company’s derivative instruments and hedging activities. Assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 are summarized below (in millions): As of June 30, 2020 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 56.7 $ — $ 56.7 Derivative liabilities — 17.1 — 17.1 As of December 31, 2019 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 39.3 $ — $ 39.3 Derivative liabilities — 15.0 — 15.0 The carrying amounts of long-term debt under the Company’s senior term loan due 2022, 1.002% senior term loan due 2025 and senior term loans due between 2021 and 2028 approximate fair value based on the borrowing rates currently available to the Company for loans with similar terms and average maturities. See Note 5 for additional information on the Company’s long-term debt.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The Company’s four reportable segments distribute a full range of agricultural equipment and related replacement parts. The Company evaluates segment performance primarily based on income from operations. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are generally 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, 2020 and 2019 and assets as of June 30, 2020 and December 31, 2019 based on the Company’s reportable segments are as follows (in millions): Three Months Ended June 30, North America South America Europe/Middle East Asia/Pacific/Africa Consolidated 2020 Net sales $ 555.8 $ 178.5 $ 1,125.0 $ 147.5 $ 2,006.8 Income from operations 64.7 5.5 91.0 14.0 175.2 Depreciation 15.2 6.1 26.4 3.0 50.7 Capital expenditures 8.2 3.3 42.8 2.6 56.9 2019 Net sales $ 618.9 $ 185.8 $ 1,457.2 $ 160.7 $ 2,422.6 Income (loss) from operations 51.4 (7.1 ) 208.8 7.0 260.1 Depreciation 16.1 8.2 26.4 3.4 54.1 Capital expenditures 11.6 5.0 35.4 2.0 54.0 Six Months Ended June 30, North America South America Europe/Middle East Asia/Pacific/Africa Consolidated 2020 Net sales $ 1,107.7 $ 332.4 $ 2,238.3 $ 256.7 $ 3,935.1 Income (loss) from operations 125.6 (3.3 ) 193.3 12.7 328.3 Depreciation 30.8 13.5 52.4 5.6 102.3 Capital expenditures 18.3 10.4 84.5 4.3 117.5 2019 Net sales $ 1,115.1 $ 341.9 $ 2,667.8 $ 293.6 $ 4,418.4 Income (loss) from operations 82.0 (15.6 ) 336.5 10.4 413.3 Depreciation 31.7 16.7 52.4 6.3 107.1 Capital expenditures 29.9 17.1 64.9 3.0 114.9 Assets As of June 30, 2020 $ 1,189.8 $ 640.5 $ 2,306.5 $ 487.8 $ 4,624.6 As of December 31, 2019 1,125.6 758.0 2,187.7 430.2 4,501.5 A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Segment income from operations $ 175.2 $ 260.1 $ 328.3 $ 413.3 Corporate expenses (29.1 ) (32.9 ) (63.5 ) (64.7 ) Amortization of intangibles (14.9 ) (15.4 ) (29.9 ) (30.7 ) Goodwill impairment charge (20.0 ) — (20.0 ) — Stock compensation expense (10.1 ) (12.2 ) (12.6 ) (24.2 ) Restructuring expenses (3.8 ) — (4.6 ) (1.7 ) Consolidated income from operations $ 97.3 $ 199.6 $ 197.7 $ 292.0 June 30, 2020 December 31, 2019 Segment assets $ 4,624.6 $ 4,501.5 Cash and cash equivalents 404.4 432.8 Investments in affiliates 387.6 380.2 Deferred tax assets, other current and noncurrent assets 644.8 645.2 Intangible assets, net 470.0 501.7 Goodwill 1,246.6 1,298.3 Consolidated total assets $ 7,778.0 $ 7,759.7

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
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, AGCO Finance LLC, whereby the Company is obligated to repurchase up to $6.0 million of repossessed equipment each calendar year. The Company believes that any losses that it might incur on the resale of this equipment will not be material, due to the fair value of the underlying equipment. At June 30, 2020 , the Company has outstanding guarantees of indebtedness owed to third parties of approximately $25.4 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 2026. 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. The Company also has obligations to guarantee indebtedness owed to certain of its finance joint ventures if dealers or end users default on loans. Losses under such guarantees historically have been insignificant, and the guarantees are not material. The Company believes the credit risk associated with these guarantees is not material. In addition, at June 30, 2020 , the Company had accrued approximately $21.5 million of outstanding guarantees of residual values that may be owed to its finance joint ventures in the United States and Canada due upon expiration of certain eligible operating leases between the finance joint ventures and end users. The maximum potential amount of future payments under the guarantees is approximately $56.3 million . Leases Lease payment amounts for operating and finance leases with remaining terms greater than one year as of June 30, 2020 and December 31, 2019 were as follows (in millions): June 30, 2020 December 31, 2019 Operating Leases (1) Finance Leases Operating Leases (1) Finance Leases 2020 $ 25.3 $ 2.6 $ 48.3 $ 4.8 2021 44.5 2.9 40.8 2.7 2022 34.4 1.3 31.5 1.2 2023 26.1 1.0 24.1 0.9 2024 17.7 0.6 16.7 0.6 Thereafter 58.3 8.7 61.6 8.7 Total lease payments 206.3 17.1 223.0 18.9 Less: imputed interest (2) (24.3 ) (2.2 ) (32.1 ) (2.4 ) Present value of leased liabilities $ 182.0 $ 14.9 $ 190.9 $ 16.5 (1) Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised. (2) Calculated for each lease using either the implicit interest rate or the incremental borrowing rate when the implicit interest rate is not readily available. Other At June 30, 2020 , the Company had outstanding designated and non-designated foreign exchange contracts with a gross notional amount of approximately $2,677.7 million . The outstanding contracts as of June 30, 2020 range in maturity through December 2020 (see Note 11 ). 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. Contingencies 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, 2020 , not including interest and penalties, was approximately 131.5 million Brazilian reais (or approximately $24.0 million ). The amount ultimately in dispute will be significantly 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, are material to its business or financial statements as a whole, including its results of operations and financial condition.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE Contract Liabilities Contract liabilities relate to the following: (1) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to extended warranty and maintenance contracts and where the performance obligation is satisfied over time, (2) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to certain grain storage and protein production systems and where the performance obligation is satisfied over time and (3) unrecognized revenues where advance payment of consideration precedes the Company’s performance with respect to technology services and where the performance obligation is satisfied over time. Significant changes in the balance of contract liabilities for the three and six months ended June 30, 2020 and 2019 were as follows (in millions): Three Months Ended June 30, 2020 2019 Balance at beginning of period $ 111.6 $ 84.5 Advance consideration received 35.7 38.3 Revenue recognized during the period for extended warranty contracts, maintenance services and technology services (12.0 ) (7.9 ) Revenue recognized during the period related to grain storage and protein production systems (17.2 ) (27.2 ) Foreign currency translation 0.6 0.3 Balance at June 30 $ 118.7 $ 88.0 Six Months Ended June 30, 2020 2019 Balance at beginning of period $ 104.0 $ 76.8 Advance consideration received 69.6 63.7 Revenue recognized during the period for extended warranty contracts, maintenance services and technology services (22.1 ) (14.0 ) Revenue recognized during the period related to grain storage and protein production systems (29.0 ) (38.6 ) Foreign currency translation (3.8 ) 0.1 Balance at June 30 $ 118.7 $ 88.0 The contract liabilities are classified as either “Accrued expenses” or “Other current liabilities” and “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets. Remaining Performance Obligations The estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2020 are $24.8 million for the remainder of 2020 , $35.9 million in 2021 , $24.1 million in 2022 , $12.3 million in 2023 and $5.8 million thereafter, and relate primarily to extended warranty contracts. The Company applied the practical expedient in ASU 2014-09 and has not disclosed information about remaining performance obligations that have original expected durations of 12 months or less. Disaggregated Revenue Net sales for the three months ended June 30, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America South America (1) Europe/Middle East Asia/Pacific/Africa Consolidated (1) Primary geographical markets: United States $ 452.1 $ — $ — $ — $ 452.1 Canada 82.7 — — — 82.7 South America — 177.3 — — 177.3 Germany — — 294.3 — 294.3 France — — 221.0 — 221.0 United Kingdom and Ireland — — 111.1 — 111.1 Finland and Scandinavia — — 144.6 — 144.6 Other Europe — — 325.4 — 325.4 Middle East and Algeria — — 28.6 — 28.6 Africa — — — 2.6 2.6 Asia — — — 85.9 85.9 Australia and New Zealand — — — 59.0 59.0 Mexico, Central America and Caribbean 21.0 1.2 — — 22.2 $ 555.8 $ 178.5 $ 1,125.0 $ 147.5 $ 2,006.8 Major products: Tractors $ 148.6 $ 101.0 $ 682.2 $ 60.5 $ 992.3 Replacement parts 105.8 16.8 257.4 19.3 399.3 Grain storage and protein production systems 142.8 16.9 33.3 48.4 241.4 Combines, application equipment and other machinery 158.6 43.9 152.1 19.3 373.9 $ 555.8 $ 178.5 $ 1,125.0 $ 147.5 $ 2,006.8 (1) Rounding may impact the summation of amounts. Net sales for the three months ended June 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America (1) South America (1) Europe/Middle East Asia/Pacific/Africa Consolidated (1) Primary geographical markets: United States $ 500.2 $ — $ — $ — $ 500.2 Canada 91.9 — — — 91.9 South America — 182.1 — — 182.1 Germany — — 390.6 — 390.6 France — — 267.5 — 267.5 United Kingdom and Ireland — — 135.9 — 135.9 Finland and Scandinavia — — 199.0 — 199.0 Other Europe — — 443.3 — 443.3 Middle East and Algeria — — 20.9 — 20.9 Africa — — — 29.7 29.7 Asia — — — 77.6 77.6 Australia and New Zealand — — — 53.4 53.4 Mexico, Central America and Caribbean 26.9 3.6 — — 30.5 $ 618.9 $ 185.8 $ 1,457.2 $ 160.7 $ 2,422.6 Major products: Tractors $ 187.4 $ 106.3 $ 994.1 $ 62.0 $ 1,349.8 Replacement parts 98.7 21.4 246.4 17.2 383.7 Grain storage and protein production systems 166.4 17.7 61.6 61.2 306.9 Combines, application equipment and other machinery 166.5 40.4 155.1 20.3 382.3 $ 618.9 $ 185.8 $ 1,457.2 $ 160.7 $ 2,422.6 (1) Rounding may impact the summation of amounts. Net sales for the six months ended June 30, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America South America Europe/Middle East (1) Asia/Pacific/Africa (1) Consolidated Primary geographical markets: United States $ 919.5 $ — $ — $ — $ 919.5 Canada 144.4 — — — 144.4 South America — 329.2 — — 329.2 Germany — — 594.4 — 594.4 France — — 435.7 — 435.7 United Kingdom and Ireland — — 223.6 — 223.6 Finland and Scandinavia — — 276.9 — 276.9 Other Europe — — 649.6 — 649.6 Middle East and Algeria — — 58.1 — 58.1 Africa — — — 16.0 16.0 Asia — — — 133.9 133.9 Australia and New Zealand — — — 106.8 106.8 Mexico, Central America and Caribbean 43.8 3.2 — — 47.0 $ 1,107.7 $ 332.4 $ 2,238.3 $ 256.7 $ 3,935.1 Major products: Tractors $ 317.0 $ 176.9 $ 1,452.5 $ 107.4 $ 2,053.8 Replacement parts 178.0 36.8 458.0 36.6 709.4 Grain storage and protein production systems 239.6 38.8 60.8 77.4 416.6 Other machinery 373.1 79.9 266.9 35.4 755.3 $ 1,107.7 $ 332.4 $ 2,238.3 $ 256.7 $ 3,935.1 (1) Rounding may impact the summation of amounts. Net sales for the six months ended June 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America (1) South America Europe/Middle East Asia/Pacific/Africa (1) Consolidated (1) Primary geographical markets: United States $ 912.8 $ — $ — $ — $ 912.8 Canada 153.1 — — — 153.1 South America — 335.0 — — 335.0 Germany — — 660.9 — 660.9 France — — 505.6 — 505.6 United Kingdom and Ireland — — 290.2 — 290.2 Finland and Scandinavia — — 368.6 — 368.6 Other Europe — — 807.5 — 807.5 Middle East and Algeria — — 35.0 — 35.0 Africa — — — 50.0 50.0 Asia — — — 136.8 136.8 Australia and New Zealand — — — 106.8 106.8 Mexico, Central America and Caribbean 49.3 6.9 — — 56.2 $ 1,115.1 $ 341.9 $ 2,667.8 $ 293.6 $ 4,418.4 Major products: Tractors $ 327.6 $ 190.6 $ 1,823.8 $ 127.0 $ 2,469.0 Replacement parts 160.2 43.3 448.3 33.9 685.7 Grain storage and protein production systems 270.2 37.4 104.1 98.3 510.0 Other machinery 357.2 70.6 291.6 34.3 753.7 $ 1,115.1 $ 341.9 $ 2,667.8 $ 293.6 $ 4,418.4 (1) Rounding may impact the summation of amounts.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides temporary accounting relief for contract modifications to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to a new alternative reference rate. ASU 2020-04 can be applied as of the beginning of the interim period that includes March 12, 2020 or any date thereafter. ASU 2020-04 generally will no longer be available to apply after December 31, 2022. Interest on U.S. dollar borrowings under the Company's credit facility and its April 2020 amendment is calculated based upon LIBOR. In the event that LIBOR is no longer published, interest will be calculated upon a base rate. The credit facility and its April 2020 amendment provide for an expedited amendment process once a replacement for LIBOR is established (see Note 5 ). The Company adopted this standard as of March 31, 2020. The adoption did not have a material impact to the Company’s results of operations, financial condition and 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 as the adoption of the standard relates to the Company. In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (“ASU 2019-04”), which provides, among other things, targeted improvements to certain aspects of accounting for credit losses addressed by ASU 2016-13. In November 2019, the FASB issued ASU 2019-11, “Codification Improvements to Topic 326), Financial Instruments - Credit Losses,” which clarifies the treatment of expected recoveries for amounts previously written-off on purchased receivables, provides transition relief for troubled debt restructurings and allows for certain disclosure simplifications of accrued interest. The effective dates for both ASU 2019-04 and ASU 2019-11 are the same as the effective dates for ASU 2016-13. The Company adopted this standard, and its subsequent modifications, as of January 1, 2020. The adoption did not have a material impact to the Company’s results of operations, financial condition and cash flows. New Accounting Pronouncements to be Adopted In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes,” which simplifies various aspects related to accounting for income taxes by removing certain exceptions for investments, intraperiod allocations and interim calculations, and adding guidance to reduce complexity in accounting for income taxes. ASU 2019-12 is effective for annual periods beginning after December 15, 2020, and interim periods within those annual periods using a prospective approach. Early adoption is permitted. Depending on the amendment, adoption may be applied on the retrospective, modified retrospective or prospective basis. The standard will not have a material impact on the Company's results of operations, financial condition and cash flows. As discussed above, in June 2016, the FASB issued ASU 2016-13, which requires measurement and recognition of expected versus incurred credit losses for financial assets held. In November 2019, the FASB issued ASU 2019-10, “Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates,” which delays the effective date of ASU 2016-13 for smaller reporting companies and other non-SEC reporting entities. This applies to the Company’s equity method finance joint ventures who are now required to adopt ASU 2016-13 for annual periods beginning after December 15, 2022 and interim periods within those annual periods. The standard, and its subsequent modification, will likely impact the results of operations and financial condition of the Company’s finance joint ventures. Therefore, adoption of the standard by the Company’s finance joint ventures will likely impact the Company’s “Investment in affiliates” and “Equity in net earnings of affiliates.” The Company’s finance joint ventures currently are evaluating the impact of ASU 2016-13 to their results of operations and financial condition.

Restructuring Expenses (Tables)

Restructuring Expenses (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Restructuring expenses activity during the three and six months ended June 30, 2020 is summarized as follows (in millions): Write-down of Property, Plant and Equipment Employee Severance Facility Closure Costs Total Balance as of December 31, 2019 $ — $ 4.8 $ — $ 4.8 First quarter 2020 provision — 0.7 0.2 0.9 First quarter 2020 provision reversal — (0.1 ) — (0.1 ) First quarter 2020 cash activity — (1.7 ) (0.2 ) (1.9 ) Foreign currency translation — (0.1 ) — (0.1 ) Balance as of March 31, 2020 $ — $ 3.6 $ — $ 3.6 Second quarter 2020 provision 1.6 2.2 — 3.8 Less: Non-cash expense (1.6 ) — — (1.6 ) Cash expense — 2.2 — 2.2 Second quarter 2020 cash activity — (0.8 ) — (0.8 ) Foreign currency translation — (0.1 ) — (0.1 ) Balance as of June 30, 2020 $ — $ 4.9 $ — $ 4.9

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Schedule of stock compensation expense	The Company recorded stock compensation expense as follows for the three and six months ended June 30, 2020 and 2019 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cost of goods sold $ 0.3 $ 0.5 $ 0.4 $ 1.0 Selling, general and administrative expenses 10.1 12.2 12.6 24.2 Total stock compensation expense $ 10.4 $ 12.7 $ 13.0 $ 25.2
Schedule of LTIP and Performance Awards activity	Performance award transactions during the six months ended June 30, 2020 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 1 932,182 Shares awarded 425,440 Shares forfeited (63,242 ) Shares earned — Shares awarded but not earned at June 30 1,294,380
Schedule of RSU activity	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSU transactions during the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2020</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs awarded but not vested at January 1</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">396,529</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs awarded</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,593</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs forfeited</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(36,051</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs vested</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(116,225</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs awarded but not vested at June 30</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">339,846</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#bfe4ff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
Schedule of SARS activity	SSAR transactions during the six months ended June 30, 2020 were as follows: SSARs outstanding at January 1 759,675 SSARs granted 187,100 SSARs exercised (19,500 ) SSARs canceled or forfeited (32,661 ) SSARs outstanding at June 30 894,614

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 are summarized as follows (in millions): Gross carrying amounts: Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Balance as of December 31, 2019 $ 199.3 $ 579.0 $ 151.1 $ 8.5 $ 937.9 Foreign currency translation (1.1 ) (9.9 ) (0.3 ) (0.1 ) (11.4 ) Balance as of June 30, 2020 $ 198.2 $ 569.1 $ 150.8 $ 8.4 $ 926.5 Accumulated amortization: Trademarks and Tradenames Customer Relationships Patents and Technology Land Use Rights Total Balance as of December 31, 2019 $ 83.3 $ 347.4 $ 88.7 $ 3.1 $ 522.5 Amortization expense 5.0 20.2 4.6 0.1 29.9 Foreign currency translation (0.7 ) (8.7 ) (0.2 ) — (9.6 ) Balance as of June 30, 2020 $ 87.6 $ 358.9 $ 93.1 $ 3.2 $ 542.8
Schedule of Indefinite-lived Intangible Assets by Major Class	Indefinite-lived intangible assets: Trademarks and Tradenames Balance as of December 31, 2019 $ 86.3 Foreign currency translation — Balance as of June 30, 2020 $ 86.3
Schedule of Goodwill	Changes in the carrying amount of goodwill during the six months ended June 30, 2020 are summarized as follows (in millions): North America South America Europe/Middle East Asia/Pacific/Africa Consolidated Balance as of December 31, 2019 $ 606.0 $ 112.2 $ 463.3 $ 116.8 $ 1,298.3 Impairment charge (20.0 ) — — — (20.0 ) Foreign currency translation — (29.2 ) (1.2 ) (1.3 ) (31.7 ) Balance as of June 30, 2020 $ 586.0 $ 83.0 $ 462.1 $ 115.5 $ 1,246.6

Indebtedness (Tables)

Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt consisted of the following at June 30, 2020 and December 31, 2019 (in millions): June 30, 2020 December 31, 2019 Senior term loan due 2022 $ 168.1 $ 168.1 Credit facility, expires 2023 461.6 — 1.002% Senior term loan due 2025 280.3 280.2 Senior term loans due between 2021 and 2028 736.5 736.2 Other long-term debt 10.6 12.5 Debt issuance costs (3.1 ) (2.3 ) 1,654.0 1,194.7 Current portion of other long-term debt (1.9 ) (2.9 ) Total long-term indebtedness, less current portion $ 1,652.1 $ 1,191.8

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at June 30, 2020 and December 31, 2019 were as follows (in millions): June 30, 2020 December 31, 2019 Finished goods $ 797.0 $ 780.1 Repair and replacement parts 610.0 611.5 Work in process 254.5 213.4 Raw materials 507.5 473.7 Inventories, net $ 2,169.0 $ 2,078.7

Product Warranty (Tables)

Product Warranty (Tables)	6 Months Ended
	Jun. 30, 2020
Product Warranties Disclosures [Abstract]
Schedule of Warranty Reserve Activity	The warranty reserve activity for the three and six months ended June 30, 2020 and 2019 consisted of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 384.6 $ 361.3 $ 392.8 $ 360.9 Accruals for warranties issued during the period 57.6 48.0 113.9 99.1 Settlements made (in cash or in kind) during the period (38.2 ) (40.2 ) (87.6 ) (87.6 ) Foreign currency translation 5.0 2.8 (10.1 ) (0.5 ) Balance at June 30 $ 409.0 $ 371.9 $ 409.0 $ 371.9

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings Per Share	A reconciliation of net income attributable to AGCO Corporation and 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, 2020 and 2019 is as follows (in millions, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 69.7 $ 140.8 $ 134.4 $ 205.9 Weighted average number of common shares outstanding 74.9 76.6 75.1 76.6 Basic net income per share attributable to AGCO Corporation and subsidiaries $ 0.93 $ 1.84 $ 1.79 $ 2.69 Diluted net income per share: Net income attributable to AGCO Corporation and subsidiaries $ 69.7 $ 140.8 $ 134.4 $ 205.9 Weighted average number of common shares outstanding 74.9 76.6 75.1 76.6 Dilutive SSARs, performance share awards and RSUs 0.3 0.6 0.5 0.7 Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share 75.2 77.2 75.6 77.3 Diluted net income per share attributable to AGCO Corporation and subsidiaries $ 0.93 $ 1.82 $ 1.78 $ 2.66

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Accumulated Other Comprehensive Loss Related to Derivatives	The following tables summarize 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, 2020 and 2019 (in millions): Recognized in Net Income Three Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of the Line Item in the Condensed Consolidated Statements of Operations Containing Hedge Gains (Losses) 2020 Foreign currency contracts $ (1.3 ) Cost of goods sold $ 3.1 $ 1,574.1 2019 Foreign currency contracts $ 4.3 Cost of goods sold $ (0.5 ) $ 1,858.7 Recognized in Net Income Six Months Ended June 30, Gain (Loss) Recognized in Accumulated Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of the Line Item in the Condensed Consolidated Statements of Operations Containing Hedge Gains (Losses) 2020 Foreign currency contracts (1) $ 8.2 Cost of goods sold $ 3.2 $ 3,051.9 2019 Foreign currency contracts $ (0.4 ) Cost of goods sold $ (1.1 ) $ 3,397.8 (1) The outstanding contracts as of June 30, 2020 range in maturity through December 2020 . 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, 2020 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2019 $ (1.5 ) $ (0.2 ) $ (1.3 ) Net changes in fair value of derivatives 9.2 1.0 8.2 Net gains reclassified from accumulated other comprehensive loss into income (3.2 ) — (3.2 ) Accumulated derivative net gains as of June 30, 2020 $ 4.5 $ 0.8 $ 3.7
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, 2020 December 31, 2019 Cross currency swap contract $ 300.0 $ 300.0 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, 2020 and 2019 (in millions): Gain (Loss) Recognized in Accumulated Other Comprehensive Loss for the Three Months Ended Gain Recognized in Accumulated Other Comprehensive Loss for the Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Cross currency swap contract $ (5.8 ) $ (2.1 ) $ 1.5 $ 4.8 Foreign currency denominated debt 1.1 0.3 1.7 2.0
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 net income (in millions): Loss Recognized in Net Income for the Three Months Ended Gain Recognized in Net Income for the Six Months Ended Classification of Gain (Loss) June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Foreign currency contracts Other expense, net $ (9.0 ) $ (3.1 ) $ 23.1 $ 5.7
Fair Value of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of June 30, 2020 (in millions): Asset Derivatives as of June 30, 2020 Liability Derivatives as of June 30, 2020 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 4.6 Other current liabilities $ 0.1 Cross currency swap contract Other noncurrent assets 28.4 Other noncurrent liabilities — Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 23.7 Other current liabilities 17.0 Total derivative instruments $ 56.7 $ 17.1 The table below sets forth the fair value of derivative instruments as of December 31, 2019 (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 $ 0.6 Other current liabilities $ 1.9 Cross currency swap contract Other noncurrent assets 27.0 Other noncurrent liabilities — Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 11.7 Other current liabilities 13.1 Total derivative instruments $ 39.3 $ 15.0 Assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 are summarized below (in millions): As of June 30, 2020 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 56.7 $ — $ 56.7 Derivative liabilities — 17.1 — 17.1 As of December 31, 2019 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 39.3 $ — $ 39.3 Derivative liabilities — 15.0 — 15.0

Changes in Stockholders' Equi_2

Changes in Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	The following tables set forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the three and six months ended June 30, 2020 (in millions): Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Stockholders’ Equity Balance, March 31, 2020 $ 0.8 $ — $ 4,432.7 $ (1,791.4 ) $ 48.5 $ 2,690.6 Stock compensation — 10.2 (0.1 ) — — 10.1 Issuance of stock awards — (0.1 ) — — — (0.1 ) Comprehensive income: Net income (loss) — — 69.7 — (9.7 ) 60.0 Other comprehensive loss, net of reclassification adjustments: Foreign currency translation adjustments — — — (32.8 ) 2.5 (30.3 ) Defined benefit pension plans, net of tax — — — 3.4 — 3.4 Deferred gains and losses on derivatives, net of tax — — — (4.4 ) — (4.4 ) Payment of dividends to stockholders — — (11.9 ) — — (11.9 ) Change in noncontrolling interest — — — — 0.1 0.1 Balance, June 30, 2020 $ 0.8 $ 10.1 $ 4,490.4 $ (1,825.2 ) $ 41.4 $ 2,717.5 Common Additional Retained Accumulated Other Noncontrolling Total Stockholders’ Balance, December 31, 2019 $ 0.8 $ 4.7 $ 4,443.5 $ (1,595.2 ) $ 53.2 $ 2,907.0 Stock compensation — 16.1 (3.4 ) — — 12.7 Issuance of stock awards — (7.3 ) (8.4 ) — — (15.7 ) SSARs exercised — — (0.1 ) — — (0.1 ) Comprehensive loss: Net income (loss) — — 134.4 — (8.1 ) 126.3 Other comprehensive loss, net of reclassification adjustments: Foreign currency translation adjustments — — — (241.9 ) (3.2 ) (245.1 ) Defined benefit pension plans, net of tax — — — 6.9 — 6.9 Deferred gains and losses on derivatives, net of tax — — — 5.0 — 5.0 Payment of dividends to stockholders — — (24.0 ) — — (24.0 ) Purchases and retirement of common stock — (3.4 ) (51.6 ) — — (55.0 ) Change in noncontrolling interest — — — — (0.5 ) (0.5 ) Balance, June 30, 2020 $ 0.8 $ 10.1 $ 4,490.4 $ (1,825.2 ) $ 41.4 $ 2,717.5 The following tables set forth changes in stockholders’ equity attributed to AGCO Corporation and its subsidiaries and to noncontrolling interests for the three and six months ended June 30, 2019 (in millions): Common Additional Retained Accumulated Other Noncontrolling Total Stockholders’ Balance, March 31, 2019 $ 0.8 $ 9.7 $ 4,491.0 $ (1,545.8 ) $ 63.3 $ 3,019.0 Stock compensation — 12.3 — — — 12.3 Issuance of stock awards — (0.2 ) (0.1 ) — — (0.3 ) SSARs exercised — (3.1 ) — — — (3.1 ) Comprehensive income: Net income (loss) — — 140.8 — (0.4 ) 140.4 Other comprehensive income, net of reclassification adjustments: Foreign currency translation adjustments — — — 3.7 0.7 4.4 Defined benefit pension plans, net of tax — — — 3.0 — 3.0 Deferred gains and losses on derivatives, net of tax — — — 4.8 — 4.8 Payment of dividends to stockholders — — (12.2 ) — — (12.2 ) Purchases and retirement of common stock — (11.6 ) (28.4 ) — — (40.0 ) Investment by noncontrolling interests — — — — 0.4 0.4 Balance, June 30, 2019 $ 0.8 $ 7.1 $ 4,591.1 $ (1,534.3 ) $ 64.0 $ 3,128.7 Common Additional Retained Accumulated Other Noncontrolling Total Stockholders’ Balance, December 31, 2018 $ 0.8 $ 10.2 $ 4,477.3 $ (1,555.4 ) $ 60.6 $ 2,993.5 Stock compensation — 24.8 — — — 24.8 Issuance of stock awards — (13.2 ) (9.7 ) — — (22.9 ) SSARs exercised — (3.1 ) (0.3 ) — — (3.4 ) Comprehensive income: Net income — — 205.9 — 0.2 206.1 Other comprehensive income, net of reclassification adjustments: Foreign currency translation adjustments — — — 14.4 2.2 16.6 Defined benefit pension plans, net of tax — — — 6.0 — 6.0 Deferred gains and losses on derivatives, net of tax — — — 0.7 — 0.7 Payment of dividends to stockholders — — (23.7 ) — — (23.7 ) Purchases and retirement of common stock — (11.6 ) (58.4 ) — — (70.0 ) Investment by noncontrolling interests — — — — 1.0 1.0 Balance, June 30, 2019 $ 0.8 $ 7.1 $ 4,591.1 $ (1,534.3 ) $ 64.0 $ 3,128.7
Schedule of Comprehensive Income (Loss)	Total comprehensive (loss) income attributable to noncontrolling interests for the three and six months ended June 30, 2020 and 2019 was as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net (loss) income $ (9.7 ) $ (0.4 ) $ (8.1 ) $ 0.2 Other comprehensive (loss) income: Foreign currency translation adjustments 2.5 0.7 (3.2 ) 2.2 Total comprehensive (loss) income $ (7.2 ) $ 0.3 $ (11.3 ) $ 2.4
Summary of Accumulated Other Comprehensive (Loss) Income	The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the six months ended June 30, 2020 (in millions): Defined Benefit Pension Plans Deferred Net Gains (Losses) on Derivatives Cumulative Translation Adjustment Total Accumulated other comprehensive loss, December 31, 2019 $ (296.4 ) $ (1.3 ) $ (1,297.5 ) $ (1,595.2 ) Other comprehensive income (loss) before reclassifications — 8.2 (241.9 ) (233.7 ) Net losses (gains) reclassified from accumulated other comprehensive loss 6.9 (3.2 ) — 3.7 Other comprehensive income (loss), net of reclassification adjustments 6.9 5.0 (241.9 ) (230.0 ) Accumulated other comprehensive loss, June 30, 2020 $ (289.5 ) $ 3.7 $ (1,539.4 ) $ (1,825.2 ) The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the six months ended June 30, 2020 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2019 $ (393.2 ) $ (96.8 ) $ (296.4 ) Amortization of net actuarial losses 6.7 0.9 5.8 Amortization of prior service cost 1.2 0.1 1.1 Accumulated other comprehensive loss as of June 30, 2020 $ (385.3 ) $ (95.8 ) $ (289.5 )
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, 2020 and 2019 (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, 2020 (1) Three Months Ended June 30, 2019 (1) Derivatives: Net (gains) losses on foreign currency contracts $ (3.1 ) $ 0.5 Cost of goods sold Reclassification before tax (3.1 ) 0.5 — — Income tax provision Reclassification net of tax $ (3.1 ) $ 0.5 Defined benefit pension plans: Amortization of net actuarial losses $ 3.2 $ 3.0 Other expense, net (2) Amortization of prior service cost 0.7 0.5 Other expense, net (2) Reclassification before tax 3.9 3.5 (0.5 ) (0.5 ) Income tax provision Reclassification net of tax $ 3.4 $ 3.0 Net losses reclassified from accumulated other comprehensive loss $ 0.3 $ 3.5 (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2020 and 2019 , respectively. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 for additional information on the Company’s defined benefit pension plans. 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, 2020 and 2019 (in millions): Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item within the Condensed Consolidated Details about Accumulated Other Comprehensive Loss Components Six Months Ended June 30, 2020 (1) Six Months Ended June 30, 2019 (1) Derivatives: Net (gains) losses on foreign currency contracts $ (3.2 ) $ 1.1 Cost of goods sold Reclassification before tax (3.2 ) 1.1 — — Income tax provision Reclassification net of tax $ (3.2 ) $ 1.1 Defined benefit pension plans: Amortization of net actuarial losses $ 6.7 $ 6.1 Other expense, net (2) Amortization of prior service cost 1.2 0.9 Other expense, net (2) Reclassification before tax 7.9 7.0 (1.0 ) (1.0 ) Income tax provision Reclassification net of tax $ 6.9 $ 6.0 Net losses reclassified from accumulated other comprehensive loss $ 3.7 $ 7.1 (1) (Gains) losses included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2020 and 2019 , respectively. (2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. See Note 14 for additional information on the Company’s defined benefit pension plans.

Pension and Postretirement Be_2

Pension and Postretirement Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
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 and six months ended June 30, 2020 and 2019 are set forth below (in millions): Three Months Ended June 30, Six Months Ended June 30, Pension benefits 2020 2019 2020 2019 Service cost $ 4.0 $ 3.9 $ 8.0 $ 7.8 Interest cost 4.1 5.3 8.2 10.6 Expected return on plan assets (7.0 ) (7.1 ) (14.1 ) (14.3 ) Amortization of net actuarial losses 3.2 3.0 6.6 6.1 Amortization of prior service cost 0.6 0.4 1.1 0.8 Net periodic pension cost $ 4.9 $ 5.5 $ 9.8 $ 11.0 Three Months Ended June 30, Six Months Ended June 30, Postretirement benefits 2020 2019 2020 2019 Interest cost $ 0.3 $ 0.3 $ 0.6 $ 0.7 Amortization of net actuarial losses — — 0.1 — Amortization of prior service cost 0.1 0.1 0.1 0.1 Net periodic postretirement benefit cost $ 0.4 $ 0.4 $ 0.8 $ 0.8
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, 2020 (in millions): Defined Benefit Pension Plans Deferred Net Gains (Losses) on Derivatives Cumulative Translation Adjustment Total Accumulated other comprehensive loss, December 31, 2019 $ (296.4 ) $ (1.3 ) $ (1,297.5 ) $ (1,595.2 ) Other comprehensive income (loss) before reclassifications — 8.2 (241.9 ) (233.7 ) Net losses (gains) reclassified from accumulated other comprehensive loss 6.9 (3.2 ) — 3.7 Other comprehensive income (loss), net of reclassification adjustments 6.9 5.0 (241.9 ) (230.0 ) Accumulated other comprehensive loss, June 30, 2020 $ (289.5 ) $ 3.7 $ (1,539.4 ) $ (1,825.2 ) The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the six months ended June 30, 2020 (in millions): Before-Tax Amount Income Tax After-Tax Amount Accumulated other comprehensive loss as of December 31, 2019 $ (393.2 ) $ (96.8 ) $ (296.4 ) Amortization of net actuarial losses 6.7 0.9 5.8 Amortization of prior service cost 1.2 0.1 1.1 Accumulated other comprehensive loss as of June 30, 2020 $ (385.3 ) $ (95.8 ) $ (289.5 )

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Derivative Instruments	The table below sets forth the fair value of derivative instruments as of June 30, 2020 (in millions): Asset Derivatives as of June 30, 2020 Liability Derivatives as of June 30, 2020 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 4.6 Other current liabilities $ 0.1 Cross currency swap contract Other noncurrent assets 28.4 Other noncurrent liabilities — Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 23.7 Other current liabilities 17.0 Total derivative instruments $ 56.7 $ 17.1 The table below sets forth the fair value of derivative instruments as of December 31, 2019 (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 $ 0.6 Other current liabilities $ 1.9 Cross currency swap contract Other noncurrent assets 27.0 Other noncurrent liabilities — Derivative instruments not designated as hedging instruments: Foreign currency contracts Other current assets 11.7 Other current liabilities 13.1 Total derivative instruments $ 39.3 $ 15.0 Assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 are summarized below (in millions): As of June 30, 2020 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 56.7 $ — $ 56.7 Derivative liabilities — 17.1 — 17.1 As of December 31, 2019 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 39.3 $ — $ 39.3 Derivative liabilities — 15.0 — 15.0

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Sales Information By Reportable Segments	Segment results for the three and six months ended June 30, 2020 and 2019 and assets as of June 30, 2020 and December 31, 2019 based on the Company’s reportable segments are as follows (in millions): Three Months Ended June 30, North America South America Europe/Middle East Asia/Pacific/Africa Consolidated 2020 Net sales $ 555.8 $ 178.5 $ 1,125.0 $ 147.5 $ 2,006.8 Income from operations 64.7 5.5 91.0 14.0 175.2 Depreciation 15.2 6.1 26.4 3.0 50.7 Capital expenditures 8.2 3.3 42.8 2.6 56.9 2019 Net sales $ 618.9 $ 185.8 $ 1,457.2 $ 160.7 $ 2,422.6 Income (loss) from operations 51.4 (7.1 ) 208.8 7.0 260.1 Depreciation 16.1 8.2 26.4 3.4 54.1 Capital expenditures 11.6 5.0 35.4 2.0 54.0 Six Months Ended June 30, North America South America Europe/Middle East Asia/Pacific/Africa Consolidated 2020 Net sales $ 1,107.7 $ 332.4 $ 2,238.3 $ 256.7 $ 3,935.1 Income (loss) from operations 125.6 (3.3 ) 193.3 12.7 328.3 Depreciation 30.8 13.5 52.4 5.6 102.3 Capital expenditures 18.3 10.4 84.5 4.3 117.5 2019 Net sales $ 1,115.1 $ 341.9 $ 2,667.8 $ 293.6 $ 4,418.4 Income (loss) from operations 82.0 (15.6 ) 336.5 10.4 413.3 Depreciation 31.7 16.7 52.4 6.3 107.1 Capital expenditures 29.9 17.1 64.9 3.0 114.9 Assets As of June 30, 2020 $ 1,189.8 $ 640.5 $ 2,306.5 $ 487.8 $ 4,624.6 As of December 31, 2019 1,125.6 758.0 2,187.7 430.2 4,501.5
Reconciliation of Income from Operations from Segment to Consolidated	A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Segment income from operations $ 175.2 $ 260.1 $ 328.3 $ 413.3 Corporate expenses (29.1 ) (32.9 ) (63.5 ) (64.7 ) Amortization of intangibles (14.9 ) (15.4 ) (29.9 ) (30.7 ) Goodwill impairment charge (20.0 ) — (20.0 ) — Stock compensation expense (10.1 ) (12.2 ) (12.6 ) (24.2 ) Restructuring expenses (3.8 ) — (4.6 ) (1.7 ) Consolidated income from operations $ 97.3 $ 199.6 $ 197.7 $ 292.0
Reconciliation of Assets from Segment to Consolidated	June 30, 2020 December 31, 2019 Segment assets $ 4,624.6 $ 4,501.5 Cash and cash equivalents 404.4 432.8 Investments in affiliates 387.6 380.2 Deferred tax assets, other current and noncurrent assets 644.8 645.2 Intangible assets, net 470.0 501.7 Goodwill 1,246.6 1,298.3 Consolidated total assets $ 7,778.0 $ 7,759.7

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Liability, Maturity	Lease payment amounts for operating and finance leases with remaining terms greater than one year as of June 30, 2020 and December 31, 2019 were as follows (in millions): June 30, 2020 December 31, 2019 Operating Leases (1) Finance Leases Operating Leases (1) Finance Leases 2020 $ 25.3 $ 2.6 $ 48.3 $ 4.8 2021 44.5 2.9 40.8 2.7 2022 34.4 1.3 31.5 1.2 2023 26.1 1.0 24.1 0.9 2024 17.7 0.6 16.7 0.6 Thereafter 58.3 8.7 61.6 8.7 Total lease payments 206.3 17.1 223.0 18.9 Less: imputed interest (2) (24.3 ) (2.2 ) (32.1 ) (2.4 ) Present value of leased liabilities $ 182.0 $ 14.9 $ 190.9 $ 16.5 (1) Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised. (2) Calculated for each lease using either the implicit interest rate or the incremental borrowing rate when the implicit interest rate is not readily available.
Finance Lease, Liability, Maturity	Lease payment amounts for operating and finance leases with remaining terms greater than one year as of June 30, 2020 and December 31, 2019 were as follows (in millions): June 30, 2020 December 31, 2019 Operating Leases (1) Finance Leases Operating Leases (1) Finance Leases 2020 $ 25.3 $ 2.6 $ 48.3 $ 4.8 2021 44.5 2.9 40.8 2.7 2022 34.4 1.3 31.5 1.2 2023 26.1 1.0 24.1 0.9 2024 17.7 0.6 16.7 0.6 Thereafter 58.3 8.7 61.6 8.7 Total lease payments 206.3 17.1 223.0 18.9 Less: imputed interest (2) (24.3 ) (2.2 ) (32.1 ) (2.4 ) Present value of leased liabilities $ 182.0 $ 14.9 $ 190.9 $ 16.5 (1) Operating lease payments include options to extend or terminate at the Company's sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised. (2) Calculated for each lease using either the implicit interest rate or the incremental borrowing rate when the implicit interest rate is not readily available.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	Significant changes in the balance of contract liabilities for the three and six months ended June 30, 2020 and 2019 were as follows (in millions): Three Months Ended June 30, 2020 2019 Balance at beginning of period $ 111.6 $ 84.5 Advance consideration received 35.7 38.3 Revenue recognized during the period for extended warranty contracts, maintenance services and technology services (12.0 ) (7.9 ) Revenue recognized during the period related to grain storage and protein production systems (17.2 ) (27.2 ) Foreign currency translation 0.6 0.3 Balance at June 30 $ 118.7 $ 88.0 Six Months Ended June 30, 2020 2019 Balance at beginning of period $ 104.0 $ 76.8 Advance consideration received 69.6 63.7 Revenue recognized during the period for extended warranty contracts, maintenance services and technology services (22.1 ) (14.0 ) Revenue recognized during the period related to grain storage and protein production systems (29.0 ) (38.6 ) Foreign currency translation (3.8 ) 0.1 Balance at June 30 $ 118.7 $ 88.0
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area and by Product	Net sales for the three months ended June 30, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America South America (1) Europe/Middle East Asia/Pacific/Africa Consolidated (1) Primary geographical markets: United States $ 452.1 $ — $ — $ — $ 452.1 Canada 82.7 — — — 82.7 South America — 177.3 — — 177.3 Germany — — 294.3 — 294.3 France — — 221.0 — 221.0 United Kingdom and Ireland — — 111.1 — 111.1 Finland and Scandinavia — — 144.6 — 144.6 Other Europe — — 325.4 — 325.4 Middle East and Algeria — — 28.6 — 28.6 Africa — — — 2.6 2.6 Asia — — — 85.9 85.9 Australia and New Zealand — — — 59.0 59.0 Mexico, Central America and Caribbean 21.0 1.2 — — 22.2 $ 555.8 $ 178.5 $ 1,125.0 $ 147.5 $ 2,006.8 Major products: Tractors $ 148.6 $ 101.0 $ 682.2 $ 60.5 $ 992.3 Replacement parts 105.8 16.8 257.4 19.3 399.3 Grain storage and protein production systems 142.8 16.9 33.3 48.4 241.4 Combines, application equipment and other machinery 158.6 43.9 152.1 19.3 373.9 $ 555.8 $ 178.5 $ 1,125.0 $ 147.5 $ 2,006.8 (1) Rounding may impact the summation of amounts. Net sales for the three months ended June 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America (1) South America (1) Europe/Middle East Asia/Pacific/Africa Consolidated (1) Primary geographical markets: United States $ 500.2 $ — $ — $ — $ 500.2 Canada 91.9 — — — 91.9 South America — 182.1 — — 182.1 Germany — — 390.6 — 390.6 France — — 267.5 — 267.5 United Kingdom and Ireland — — 135.9 — 135.9 Finland and Scandinavia — — 199.0 — 199.0 Other Europe — — 443.3 — 443.3 Middle East and Algeria — — 20.9 — 20.9 Africa — — — 29.7 29.7 Asia — — — 77.6 77.6 Australia and New Zealand — — — 53.4 53.4 Mexico, Central America and Caribbean 26.9 3.6 — — 30.5 $ 618.9 $ 185.8 $ 1,457.2 $ 160.7 $ 2,422.6 Major products: Tractors $ 187.4 $ 106.3 $ 994.1 $ 62.0 $ 1,349.8 Replacement parts 98.7 21.4 246.4 17.2 383.7 Grain storage and protein production systems 166.4 17.7 61.6 61.2 306.9 Combines, application equipment and other machinery 166.5 40.4 155.1 20.3 382.3 $ 618.9 $ 185.8 $ 1,457.2 $ 160.7 $ 2,422.6 (1) Rounding may impact the summation of amounts. Net sales for the six months ended June 30, 2020 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America South America Europe/Middle East (1) Asia/Pacific/Africa (1) Consolidated Primary geographical markets: United States $ 919.5 $ — $ — $ — $ 919.5 Canada 144.4 — — — 144.4 South America — 329.2 — — 329.2 Germany — — 594.4 — 594.4 France — — 435.7 — 435.7 United Kingdom and Ireland — — 223.6 — 223.6 Finland and Scandinavia — — 276.9 — 276.9 Other Europe — — 649.6 — 649.6 Middle East and Algeria — — 58.1 — 58.1 Africa — — — 16.0 16.0 Asia — — — 133.9 133.9 Australia and New Zealand — — — 106.8 106.8 Mexico, Central America and Caribbean 43.8 3.2 — — 47.0 $ 1,107.7 $ 332.4 $ 2,238.3 $ 256.7 $ 3,935.1 Major products: Tractors $ 317.0 $ 176.9 $ 1,452.5 $ 107.4 $ 2,053.8 Replacement parts 178.0 36.8 458.0 36.6 709.4 Grain storage and protein production systems 239.6 38.8 60.8 77.4 416.6 Other machinery 373.1 79.9 266.9 35.4 755.3 $ 1,107.7 $ 332.4 $ 2,238.3 $ 256.7 $ 3,935.1 (1) Rounding may impact the summation of amounts. Net sales for the six months ended June 30, 2019 disaggregated by primary geographical markets and major products consisted of the following (in millions): North America (1) South America Europe/Middle East Asia/Pacific/Africa (1) Consolidated (1) Primary geographical markets: United States $ 912.8 $ — $ — $ — $ 912.8 Canada 153.1 — — — 153.1 South America — 335.0 — — 335.0 Germany — — 660.9 — 660.9 France — — 505.6 — 505.6 United Kingdom and Ireland — — 290.2 — 290.2 Finland and Scandinavia — — 368.6 — 368.6 Other Europe — — 807.5 — 807.5 Middle East and Algeria — — 35.0 — 35.0 Africa — — — 50.0 50.0 Asia — — — 136.8 136.8 Australia and New Zealand — — — 106.8 106.8 Mexico, Central America and Caribbean 49.3 6.9 — — 56.2 $ 1,115.1 $ 341.9 $ 2,667.8 $ 293.6 $ 4,418.4 Major products: Tractors $ 327.6 $ 190.6 $ 1,823.8 $ 127.0 $ 2,469.0 Replacement parts 160.2 43.3 448.3 33.9 685.7 Grain storage and protein production systems 270.2 37.4 104.1 98.3 510.0 Other machinery 357.2 70.6 291.6 34.3 753.7 $ 1,115.1 $ 341.9 $ 2,667.8 $ 293.6 $ 4,418.4 (1) Rounding may impact the summation of amounts.

Restructuring Expenses (Details

Restructuring Expenses (Details) $ in Millions	3 Months Ended		6 Months Ended	72 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Jun. 30, 2020USD ($)employee	Dec. 31, 2019USD ($)employee
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Cash	$ 2.2
Restructuring Charges, Settled without Cash	(1.6)
Restructuring and related cost, headcount reduction (approximately) | employee			300	4,160
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	3.6	$ 4.8	$ 4.8
First quarter 2020 provision	3.8	0.9
First quarter 2020 provision reversal		(0.1)
First quarter 2020 cash activity	(0.8)	(1.9)
Foreign currency translation	(0.1)	(0.1)
Restructuring reserve, end of period	4.9	3.6	4.9	$ 4.8
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Cash	2.2
Restructuring Charges, Settled without Cash	0
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	3.6	4.8	4.8
First quarter 2020 provision	2.2	0.7
First quarter 2020 provision reversal		(0.1)
First quarter 2020 cash activity	(0.8)	(1.7)
Foreign currency translation	(0.1)	(0.1)
Restructuring reserve, end of period	4.9	3.6	4.9	4.8
Facility Closure Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Cash	0
Restructuring Charges, Settled without Cash	0
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	0	0	0
First quarter 2020 provision	0	0.2
First quarter 2020 provision reversal		0
First quarter 2020 cash activity	0	(0.2)
Foreign currency translation	0	0
Restructuring reserve, end of period	0	0	0	0
Write-down Of Property, Plant And Equipment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Cash	0
Restructuring Charges, Settled without Cash	1.6
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of period	0	0	0
First quarter 2020 provision	1.6	0
First quarter 2020 provision reversal		0
First quarter 2020 cash activity	0	0
Foreign currency translation	0	0
Restructuring reserve, end of period	$ 0	$ 0	$ 0	$ 0

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock compensation expense	$ 10.4	$ 12.7	$ 13	$ 25.2
Cost of goods sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock compensation expense	0.3	0.5	0.4	1
Selling, general and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock compensation expense	$ 10.1	$ 12.2	$ 12.6	$ 24.2

Stock Compensation Plans (Narra

Stock Compensation Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2020	Apr. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)	150,000,000		150,000,000		150,000,000		150,000,000
Total stock compensation expense			$ 10.4	$ 12.7	$ 13	$ 25.2
2006 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)	10,000,000		10,000,000		10,000,000
Shares available for grant (in shares)	3,237,655		3,237,655		3,237,655
Performance Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value of performance awards granted (in dollars per share)					$ 70.84	$ 61.01
Shares awarded (in shares)					425,440
Share-based compensation cost not yet recognized	$ 25.8		$ 25.8		$ 25.8
Share-based compensation, recognition period of unrecognized compensation cost, years	2 years
Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value of performance awards granted (in dollars per share)					$ 70.83	$ 61.01
Shares awarded (in shares)					95,593
Share-based compensation cost not yet recognized	$ 12.2		12.2		$ 12.2
Share-based compensation, recognition period of unrecognized compensation cost, years	1 year 6 months
Shares received for every restricted stock unit award given					1
Stock-Settled Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost not yet recognized	$ 4.8		$ 4.8		$ 4.8
Share-based compensation, recognition period of unrecognized compensation cost, years	2 years 6 months
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded (in shares)		25,542
Shares awarded after shares with held for taxes (in shares)		19,862
Total stock compensation expense					$ 1.4
Vesting Year One | Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					33.33%
Vesting Year Two | Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					33.33%
Vesting Year Three | Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage					33.33%

Stock Compensation Plans (Perfo

Stock Compensation Plans (Performance Award Transactions) (Details) - Performance Awards	6 Months Ended
	Jun. 30, 2020shares
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 (in shares)	932,182
Shares awarded (in shares)	425,440
Shares forfeited (in shares)	(63,242)
Shares earned (in shares)	0
Shares awarded but not earned, end of period (in shares)	1,294,380

Stock Compensation Plans (Restr

Stock Compensation Plans (Restricted Stock Unit Award Transactions) (Details) - Restricted Stock Unit Awards	6 Months Ended
	Jun. 30, 2020shares
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 (in shares)	396,529
Shares awarded (in shares)	95,593
Shares forfeited (in shares)	(36,051)
Shares earned (in shares)	(116,225)
Shares awarded but not earned, end of period (in shares)	339,846

Stock Compensation Plans (SSAR

Stock Compensation Plans (SSAR Activity) (Details) - Stock-Settled Appreciation Rights	6 Months Ended
	Jun. 30, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding [Roll Forward]
SSARs outstanding, beginning of period (in shares)	759,675
SSARs granted (in shares)	187,100
SSARs exercised (in shares)	(19,500)
SSARs canceled or forfeited (in shares)	(32,661)
SSARs outstanding, end of period (in shares)	894,614

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Change in Carrying Amount) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Ownership percentage in joint venture	50.00%
Goodwill impairment charge	$ 20	$ 0	$ 20	$ 0
Gross carrying amounts:
Balance at beginning of period			937.9
Foreign currency translation			(11.4)
Balance at end of period	926.5		926.5
Accumulated amortization:
Balance at beginning of period			522.5
Amortization expense			29.9
Foreign currency translation			(9.6)
Balance at end of period	542.8		542.8
Trademarks and Tradenames
Gross carrying amounts:
Balance at beginning of period			199.3
Foreign currency translation			(1.1)
Balance at end of period	198.2		198.2
Accumulated amortization:
Balance at beginning of period			83.3
Amortization expense			5
Foreign currency translation			(0.7)
Balance at end of period	87.6		87.6
Customer Relationships
Gross carrying amounts:
Balance at beginning of period			579
Foreign currency translation			(9.9)
Balance at end of period	569.1		569.1
Accumulated amortization:
Balance at beginning of period			347.4
Amortization expense			20.2
Foreign currency translation			(8.7)
Balance at end of period	358.9		358.9
Patents and Technology
Gross carrying amounts:
Balance at beginning of period			151.1
Foreign currency translation			(0.3)
Balance at end of period	150.8		150.8
Accumulated amortization:
Balance at beginning of period			88.7
Amortization expense			4.6
Foreign currency translation			(0.2)
Balance at end of period	93.1		93.1
Land Use Rights
Gross carrying amounts:
Balance at beginning of period			8.5
Foreign currency translation			(0.1)
Balance at end of period	8.4		8.4
Accumulated amortization:
Balance at beginning of period			3.1
Amortization expense			0.1
Foreign currency translation			0
Balance at end of period	3.2		$ 3.2
Minimum
Accumulated amortization:
Estimated useful life, years			5 years
Maximum
Accumulated amortization:
Estimated useful life, years			50 years
APA [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge			$ 0
North America [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge			20
South America [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge			0
EME [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge			$ 0
Goodwill Impairment Loss
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge	20
Net Income (Loss) Attributable to Noncontrolling Interest
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge	$ 10

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Indefinite-Lived Intangible Assets) (Details) - Trademarks and Tradenames $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Indefinite-lived intangible assets:
Balance at beginning of period	$ 86.3
Foreign currency translation	0
Balance at end of period	$ 86.3

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill
Goodwill at beginning of period			$ 1,298.3
Impairment charge	$ 20	$ 0	20	$ 0
Foreign currency translation			(31.7)
Goodwill at end of period	1,246.6		1,246.6
North America
Goodwill
Goodwill at beginning of period			606
Impairment charge			20
Foreign currency translation			0
Goodwill at end of period	586		586
South America
Goodwill
Goodwill at beginning of period			112.2
Impairment charge			0
Foreign currency translation			(29.2)
Goodwill at end of period	83		83
Europe/Middle East
Goodwill
Goodwill at beginning of period			463.3
Impairment charge			0
Foreign currency translation			(1.2)
Goodwill at end of period	462.1		462.1
Asia/Pacific/Africa
Goodwill
Goodwill at beginning of period			116.8
Impairment charge			0
Foreign currency translation			(1.3)
Goodwill at end of period	$ 115.5		$ 115.5

Indebtedness (Components of Ind

Indebtedness (Components of Indebtedness) (Details) € in Millions, $ in Millions	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Oct. 31, 2019USD ($)	Oct. 31, 2019EUR (€)
Debt Instrument [Line Items]
Other long-term debt	$ 10.6	$ 12.5
Debt issuance costs	(3.1)	(2.3)
Long-term Debt	1,654	1,194.7
Current portion of long term debt	(1.9)	(2.9)
Total long-term indebtedness, less current portion	1,652.1	1,191.8
Senior term loan due 2022
Debt Instrument [Line Items]
Senior notes	168.1	168.1
Credit facility, expires 2023
Debt Instrument [Line Items]
Credit facility	461.6	0
1.002% Senior term loan due 2025
Debt Instrument [Line Items]
Senior notes	280.3	280.2
Term Loans Due Between 2021 and 2028 [Member]
Debt Instrument [Line Items]
Senior notes	736.5
Senior term loans due between 2019 and 2028
Debt Instrument [Line Items]
Senior notes		736.2
Current portion of long term debt			$ (61.1)	€ (56)
Current portion of other long-term debt
Debt Instrument [Line Items]
Current portion of long term debt	$ (1.9)	$ (2.9)

Indebtedness (Narrative) (Detai

Indebtedness (Narrative) (Details)

Apr. 15, 2020USD ($)

Apr. 15, 2020EUR (€)

Apr. 09, 2020USD ($)

Oct. 31, 2018USD ($)

Aug. 31, 2018EUR (€)loan_agreement

Jun. 30, 2020USD ($)loan_agreement

Jun. 30, 2019USD ($)

Jun. 30, 2020EUR (€)loan_agreement

Apr. 15, 2020EUR (€)

Apr. 09, 2020EUR (€)

Dec. 31, 2019USD ($)

Oct. 31, 2019USD ($)

Oct. 31, 2019EUR (€)

Dec. 31, 2018EUR (€)

Oct. 31, 2018EUR (€)

Oct. 31, 2016EUR (€)loan_agreement

Debt Instrument [Line Items]

Repayments of Debt

$ 708,900,000

$ 1,219,000,000

Remaining borrowing capacity on line of credit facility

603,900,000

Number of loan agreements entered | loan_agreement

7

7

Current portion of long-term debt

1,900,000

$ 2,900,000

Short-term borrowings

102,600,000

150,500,000

Outstanding letters of credit

14,400,000

13,900,000

Credit facility, expires 2023

Debt Instrument [Line Items]

Remaining borrowing capacity on line of credit facility

800,000,000

Credit facility, expires 2023

Debt Instrument [Line Items]

Credit facility

$ 461,600,000

0

Credit Facility | Interest Accrual, Option Two

Debt Instrument [Line Items]

Margin on variable rate

0.50%

Credit Facility | Interest Accrual, Option Three

Debt Instrument [Line Items]

Margin on variable rate

1.00%

Credit Facility | Minimum

Debt Instrument [Line Items]

Margin on variable rate

0.70%

Credit Facility | Minimum | Variable Basis, Additional Margin

Debt Instrument [Line Items]

Margin on variable rate

0.70%

Credit Facility | Minimum | Interest Accrual, Option One

Debt Instrument [Line Items]

Margin on variable rate

0.875%

Credit Facility | Minimum | Interest Accrual, Option Three | Variable Basis, Additional Margin

Debt Instrument [Line Items]

Margin on variable rate

0.00%

Credit Facility | Maximum

Debt Instrument [Line Items]

Margin on variable rate

2.26%

Credit Facility | Maximum | Variable Basis, Additional Margin

Debt Instrument [Line Items]

Margin on variable rate

1.25%

Credit Facility | Maximum | Interest Accrual, Option One

Debt Instrument [Line Items]

Margin on variable rate

1.875%

Credit Facility | Maximum | Interest Accrual, Option Three | Variable Basis, Additional Margin

Debt Instrument [Line Items]

Margin on variable rate

0.875%

Credit Facility | Credit facility, expires 2023

Debt Instrument [Line Items]

Maximum borrowing capacity on line of credit facility

$ 800,000,000

Credit facility, expires 2023

Debt Instrument [Line Items]

Credit facility

$ 196,100,000

Term Loan [Member]

Debt Instrument [Line Items]

Credit facility

265,500,000

Repayments of Debt

$ 108,700,000

€ 100,000,000

Remaining borrowing capacity on line of credit facility

265,400,000

Senior Notes Due 2025, 1.002%

Debt Instrument [Line Items]

Debt instrument, interest rate, percent

1.002%

1.002% Senior term loan due 2025

Debt Instrument [Line Items]

Senior notes

280,300,000

280,200,000

Debt instrument, face amount | €

€ 250,000,000

Term Loans Due Between 2021 and 2028

Debt Instrument [Line Items]

Senior notes

$ 736,500,000

Debt instrument, face amount | €

€ 375,000,000

Amount borrowed | €

€ 338,000,000

Number of loan agreements entered | loan_agreement

12

12

Senior Term Loan Due October 28, 2022

Debt Instrument [Line Items]

Debt instrument, face amount

$ 168,100,000

€ 150,000,000

Senior Term Loan Due October 28, 2022 | Minimum

Debt Instrument [Line Items]

Margin on variable rate

0.875%

Senior Term Loan Due October 28, 2022 | Maximum

Debt Instrument [Line Items]

Margin on variable rate

1.875%

Senior term loans due between 2021 and 2028

Debt Instrument [Line Items]

Senior notes

$ 736,200,000

Current portion of long-term debt

$ 61,100,000

€ 56,000,000

Multi-Currency Loan, EUR | Term Loan [Member]

Debt Instrument [Line Items]

Debt instrument, face amount | €

€ 235,000,000

Credit facility | €

€ 117,500,000

Multi-Currency Loan, USD | Term Loan [Member]

Debt Instrument [Line Items]

Debt instrument, face amount

$ 267,500,000

Credit facility

$ 133,800,000

Incremental Term Loans | Term Loan [Member]

Debt Instrument [Line Items]

Debt instrument, face amount

530,900,000

Draw Down, Minimum Principal Amount

100,000,000

Draw Down, Minimum Integral Multiple Limit

$ 50,000,000

Incremental Term Loans | Term Loan [Member] | Interest Accrual, Option Two

Debt Instrument [Line Items]

Margin on variable rate

0.50%

Incremental Term Loans | Term Loan [Member] | Interest Accrual, Option Three

Debt Instrument [Line Items]

Margin on variable rate

1.00%

Incremental Term Loans | Term Loan [Member] | Minimum

Debt Instrument [Line Items]

Margin on variable rate

1.125%

Incremental Term Loans | Term Loan [Member] | Minimum | Interest accrual, Option One, Thereafter

Debt Instrument [Line Items]

Margin on variable rate

1.375%

Incremental Term Loans | Term Loan [Member] | Minimum | Interest Accrual, Option Three

Debt Instrument [Line Items]

Margin on variable rate

0.125%

Incremental Term Loans | Term Loan [Member] | Minimum | Interest Accrual, Option Three, Thereafter

Debt Instrument [Line Items]

Margin on variable rate

0.375%

Incremental Term Loans | Term Loan [Member] | Maximum

Debt Instrument [Line Items]

Margin on variable rate

2.125%

Incremental Term Loans | Term Loan [Member] | Maximum | Interest accrual, Option One, Thereafter

Debt Instrument [Line Items]

Margin on variable rate

2.375%

Incremental Term Loans | Term Loan [Member] | Maximum | Interest Accrual, Option Three

Debt Instrument [Line Items]

Margin on variable rate

1.375%

Incremental Term Loans | Term Loan [Member] | Maximum | Interest Accrual, Option Three, Thereafter

Debt Instrument [Line Items]

Margin on variable rate

1.375%

Senior term loans due between 2021 and 2028 | Term Loan Facility

Debt Instrument [Line Items]

Senior notes

$ 736,500,000

€ 657,000,000

Recoverable Indirect Taxes (Det

Recoverable Indirect Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Recoverable Indirect Taxes [Abstract]
Value added tax credit	$ 99.1	$ 142.3

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 797	$ 780.1
Repair and replacement parts	610	611.5
Work in process	254.5	213.4
Raw materials	507.5	473.7
Inventories, net	$ 2,169	$ 2,078.7

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Warranty reserve activity:
Balance at beginning of period	$ 384.6	$ 361.3	$ 392.8	$ 360.9
Accruals for warranties issued during the period	57.6	48	113.9	99.1
Settlements made (in cash or in kind) during the period	(38.2)	(40.2)	(87.6)	(87.6)
Foreign currency translation	5	2.8	(10.1)	(0.5)
Balance at end of period	409	$ 371.9	$ 409	$ 371.9
Product warranty period, minimum, years			1 year
Product warranty period, maximum, years			4 years
Product warranty accrual, current	334.3		$ 334.3		$ 331.9
Product warranty accrual, noncurrent	$ 74.7		$ 74.7		$ 60.9

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss) Attributable to Parent	$ 69.7	$ 140.8	$ 134.4	$ 205.9
Basic net income per share:
Weighted average number of common shares outstanding (in shares)	74.9	76.6	75.1	76.6
Basic net income per share attributable to AGCO Corporation and subsidiaries (in dollars per share)	$ 0.93	$ 1.84	$ 1.79	$ 2.69
Diluted net income per share:
Dilutive SSARs, performance share awards and RSUs (in shares)	0.3	0.6	0.5	0.7
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted income per share (in shares)	75.2	77.2	75.6	77.3
Diluted net income per share attributable to AGCO Corporation and subsidiaries (in dollars per share)	$ 0.93	$ 1.82	$ 1.78	$ 2.66
Stock-Settled Appreciation Rights
Diluted net income per share:
SSARs excluded from earnings per share computation (in shares)	0.7	0.4	0.7	0.6

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Unrecognized income tax benefits that would affect effective tax rate	$ 229.4	$ 210.7
Unrecognized tax benefits	50.9	44.9
Accrued or deferred taxes relating to uncertain income tax positions	53.4	51
Accrued interest and penalties relating to unrecognized tax benefits	$ 33.8	$ 28.4

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions, $ in Millions	Jun. 30, 2020USD ($)	Mar. 31, 2020EUR (€)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2019EUR (€)	Jan. 31, 2018USD ($)	Jan. 31, 2018EUR (€)
Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 2,677.7
Designated as Hedging Instrument | Cash Flow Hedging | Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	125.3		$ 332.7
Designated as Hedging Instrument | Net Investment Hedging | Cross currency swap contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	300		300			$ 300
Designated as Hedging Instrument | Net Investment Hedging | Cross Currency Interest Rate Contract, Payment
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	275.4						€ 245.7
Designated as Hedging Instrument | Net Investment Hedging | Credit facility, expires 2023
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount		€ 110		$ 182.1	€ 160
Not Designated as Hedging Instrument | Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 2,552.4		$ 2,800.3

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (After-Tax Impact of Changes in Fair Value and Derivatives Designated as Cash) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Cost of goods sold	$ 1,574.1	$ 1,858.7	$ 3,051.9	$ 3,397.8
Foreign currency contracts | Cash Flow Hedging | Designated as Hedging Instrument | Foreign currency contracts
Derivative [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss	(1.3)	4.3	8.2	(0.4)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	$ 3.1	$ (0.5)	$ 3.2	$ (1.1)

Derivative Instruments and He_5

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
After-Tax Amount
Balance beginning of period	$ 2,690.6	$ 3,019	$ 2,907	$ 2,993.5
Net gains reclassified from accumulated other comprehensive loss into income	0.3	3.5	3.7	7.1
Balance end of period	2,717.5	$ 3,128.7	2,717.5	$ 3,128.7
Deferred Net Gains (Losses) on Derivatives
Before-Tax Amount
Accumulated derivative net gains (losses) as the beginning of the period			(1.5)
Net changes in fair value of derivatives			9.2
Net gains reclassified from accumulated other comprehensive loss into income			(3.2)
Accumulated derivative net gains (losses) as of the end of the period	4.5		4.5
Income Tax
Accumulated derivative net gains (losses) as of the beginning of the period			(0.2)
Net changes in fair value of derivatives			1
Net gains reclassified from accumulated other comprehensive loss into income			0
Accumulated derivative net gains (losses) as of the end of the period	0.8		0.8
After-Tax Amount
Balance beginning of period			(1.3)
Net changes in fair value of derivatives			8.2
Net gains reclassified from accumulated other comprehensive loss into income			(3.2)
Balance end of period	$ 3.7		$ 3.7

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Notional Values and After-Tax Impact of Changes in Fair Value) (Details) € in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2020EUR (€)	Dec. 31, 2019USD ($)	Jun. 30, 2019EUR (€)	Jan. 31, 2018USD ($)
Cross currency swap contract | Designated as Hedging Instrument | Net Investment Hedging
Derivative [Line Items]
Derivative, notional amount	$ 300		$ 300			$ 300		$ 300
Gain (loss) on derivative used in net investment hedge, net of tax	(5.8)	$ (2.1)	1.5	$ 4.8
Foreign currency denominated debt
Derivative [Line Items]
Derivative, notional amount	2,677.7		2,677.7
Foreign currency denominated debt | Designated as Hedging Instrument | Net Investment Hedging
Derivative [Line Items]
Gain (loss) on derivative used in net investment hedge, net of tax	$ 1.1	0.3	$ 1.7	2
Revolving Credit Facility [Member] | Designated as Hedging Instrument | Net Investment Hedging
Derivative [Line Items]
Derivative, notional amount		$ 182.1		$ 182.1	€ 110		€ 160

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities (Fair Value Of Derivative Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative [Line Items]
Derivative asset, fair value	$ 56.7		$ 56.7		$ 39.3
Derivative liability, fair value	17.1		17.1		15
Foreign currency contracts | Designated as Hedging Instrument | Other current assets
Derivative [Line Items]
Derivative asset, fair value	4.6		4.6		0.6
Foreign currency contracts | Designated as Hedging Instrument | Other current liabilities
Derivative [Line Items]
Derivative liability, fair value	0.1		0.1		1.9
Foreign currency contracts | Not Designated as Hedging Instrument | Other current assets
Derivative [Line Items]
Derivative asset, fair value	23.7		23.7		11.7
Foreign currency contracts | Not Designated as Hedging Instrument | Other current liabilities
Derivative [Line Items]
Derivative liability, fair value	17		17		13.1
Cross currency swap contract | Designated as Hedging Instrument | Other noncurrent assets
Derivative [Line Items]
Derivative asset, fair value	28.4		28.4		27
Cross currency swap contract | Designated as Hedging Instrument | Other noncurrent liabilities
Derivative [Line Items]
Derivative liability, fair value	0		0		$ 0
Other expense, net | Foreign currency contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, gain (loss), net	$ (9)	$ (3.1)	$ 23.1	$ 5.7

Changes in Stockholders' Equi_3

Changes in Stockholders' Equity (Schedule of Stockholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period	$ 2,690.6	$ 3,019	$ 2,907	$ 2,993.5
Stock compensation	10.1	12.3	12.7	24.8
Issuance of stock awards	(0.1)	(0.3)	(15.7)	(22.9)
AdjustmentstoAdditionalPaidinCapitalSharebasedCompensationExerciseofSSARs		3.1	0.1	3.4
Net income	60	140.4	126.3	206.1
Net income (loss)	69.7	140.8	134.4	205.9
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	(30.3)	4.4	(245.1)	16.6
Defined benefit pension plans, net of tax	3.4	3	6.9	6
Deferred gains and losses on derivatives, net of tax	(4.4)	4.8	5	0.7
Payment of dividends to stockholders	(11.9)	(12.2)	(24)	(23.7)
Purchases and retirement of common stock		(40)	(55)	(70)
Investment by noncontrolling interests	0.1	0.4		1
Balance end of period	2,717.5	3,128.7	2,717.5	3,128.7
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			(0.5)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period	0.8	0.8	0.8	0.8
Other comprehensive (loss) income, net of reclassification adjustments:
Balance end of period	0.8	0.8	0.8	0.8
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period	0	9.7	4.7	10.2
Stock compensation	10.2	12.3	16.1	24.8
Issuance of stock awards	(0.1)	(0.2)	(7.3)	(13.2)
AdjustmentstoAdditionalPaidinCapitalSharebasedCompensationExerciseofSSARs		(3.1)		(3.1)
Other comprehensive (loss) income, net of reclassification adjustments:
Purchases and retirement of common stock		(11.6)	(3.4)	(11.6)
Balance end of period	10.1	7.1	10.1	7.1
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period	4,432.7	4,491	4,443.5	4,477.3
Stock compensation	(0.1)		(3.4)
Issuance of stock awards	0	(0.1)	(8.4)	(9.7)
AdjustmentstoAdditionalPaidinCapitalSharebasedCompensationExerciseofSSARs			0.1	0.3
Net income	69.7	140.8	134.4	205.9
Other comprehensive (loss) income, net of reclassification adjustments:
Payment of dividends to stockholders	(11.9)	(12.2)	(24)	(23.7)
Purchases and retirement of common stock		(28.4)	(51.6)	(58.4)
Balance end of period	4,490.4	4,591.1	4,490.4	4,591.1
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period	(1,791.4)	(1,545.8)	(1,595.2)	(1,555.4)
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	(32.8)	3.7	(241.9)	14.4
Defined benefit pension plans, net of tax	3.4	3	6.9	6
Deferred gains and losses on derivatives, net of tax	(4.4)	4.8	5	0.7
Balance end of period	(1,825.2)	(1,534.3)	(1,825.2)	(1,534.3)
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance beginning of period	48.5	63.3	53.2	60.6
Net income	(9.7)	(0.4)	(8.1)	0.2
Other comprehensive (loss) income, net of reclassification adjustments:
Foreign currency translation adjustments	2.5	0.7	(3.2)	2.2
Investment by noncontrolling interests	0.1	0.4		1
Balance end of period	$ 41.4	$ 64	41.4	$ 64
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ (0.5)

Changes in Stockholders' Equi_4

Changes in Stockholders' Equity (Schedule of Comprehensive Income for Noncontrolling Interest) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Net (loss) income	$ (9.7)	$ (0.4)	$ (8.1)	$ 0.2
Other comprehensive (loss) income:
Foreign currency translation adjustments	2.5	0.7	(3.2)	2.2
Total comprehensive (loss) income	$ (7.2)	$ 0.3	$ (11.3)	$ 2.4

Changes in Stockholders' Equi_5

Changes in Stockholders' Equity (Changes in Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period	$ 2,690.6	$ 3,019	$ 2,907	$ 2,993.5
Net losses (gains) reclassified from accumulated other comprehensive loss	0.3	3.5	3.7	7.1
Other comprehensive (loss) income, net of reclassification adjustments	(31.3)	12.2	(233.2)	23.3
Balance end of period	2,717.5	3,128.7	2,717.5	3,128.7
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period			(296.4)
Other comprehensive income (loss) before reclassifications			0
Net losses (gains) reclassified from accumulated other comprehensive loss	3.4	3	6.9	6
Other comprehensive (loss) income, net of reclassification adjustments			6.9
Balance end of period	(289.5)		(289.5)
Deferred Net Gains (Losses) on Derivatives
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period			(1.3)
Other comprehensive income (loss) before reclassifications			8.2
Net losses (gains) reclassified from accumulated other comprehensive loss			(3.2)
Other comprehensive (loss) income, net of reclassification adjustments			5
Balance end of period	3.7		3.7
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period			(1,297.5)
Other comprehensive income (loss) before reclassifications			(241.9)
Net losses (gains) reclassified from accumulated other comprehensive loss			0
Other comprehensive (loss) income, net of reclassification adjustments			(241.9)
Balance end of period	(1,539.4)		(1,539.4)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period	(1,791.4)	(1,545.8)	(1,595.2)	(1,555.4)
Other comprehensive income (loss) before reclassifications			(233.7)
Net losses (gains) reclassified from accumulated other comprehensive loss			3.7
Other comprehensive (loss) income, net of reclassification adjustments			(230)
Balance end of period	$ (1,825.2)	$ (1,534.3)	$ (1,825.2)	$ (1,534.3)

Changes in Stockholders' Equi_6

Changes in Stockholders' Equity (Reclassifications out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ 1,574.1	$ 1,858.7	$ 3,051.9	$ 3,397.8
Interest Income (Expense), Net	(6.1)	(6)	(9.5)	(9.5)
Reclassification before tax	(81.2)	(182)	(165.7)	(256.3)
Income tax provision	31.3	53.2	60.7	72.6
Reclassification net of tax	(69.7)	(140.8)	(134.4)	(205.9)
Net losses reclassified from accumulated other comprehensive loss into income	0.3	3.5	3.7	7.1
Deferred Net Gains (Losses) on Derivatives
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income			(3.2)
Income tax provision			0
Net losses reclassified from accumulated other comprehensive loss into income			(3.2)
Amortization of net actuarial losses
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income	3.2	3	6.7	6.1
Income tax provision			(0.9)
Net losses reclassified from accumulated other comprehensive loss into income			5.8
Amortization of prior service cost
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income	0.7	0.5	1.2	0.9
Income tax provision			(0.1)
Net losses reclassified from accumulated other comprehensive loss into income			1.1
Defined Benefit Pension Plans
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net losses reclassified from accumulated other comprehensive loss into income	3.9	3.5	7.9	7
Income tax provision	(0.5)	(0.5)	(1)	(1)
Net losses reclassified from accumulated other comprehensive loss into income	3.4	3	6.9	6
Reclassification out of Accumulated Other Comprehensive Income | Deferred Net Gains (Losses) on Derivatives
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Reclassification before tax	(3.1)	0.5	(3.2)	1.1
Income tax provision	0	0	0	0
Reclassification net of tax	(3.1)	0.5	(3.2)	1.1
Foreign currency contracts | Reclassification out of Accumulated Other Comprehensive Income | Deferred Net Gains (Losses) on Derivatives
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ (3.1)	$ 0.5	$ (3.2)	$ 1.1

Changes in Stockholders' Equi_7

Changes in Stockholders' Equity (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, outstanding balance authorized to be repurchased		$ 245
ASR Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated share repurchases, settlement (payment) or receipt	$ 55
Stock repurchased and retired during period (in shares)	970,141

Accounts Receivable Sales Agr_2

Accounts Receivable Sales Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net cash received from receivables sold	$ 1,500	$ 1,600
Outstanding accounts receivable associated with retail finance joint ventures in Brazil and Australia	$ 77.3	$ 104.3	$ 77.3		$ 77.3
Other expense, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss on sales of receivables			$ 4.3	$ 11	$ 12.4	$ 19.7

Pension and Postretirement Be_3

Pension and Postretirement Benefit Plans (Net Pension And Postretirement Cost) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4	$ 3.9	$ 8	$ 7.8
Interest cost	4.1	5.3	8.2	10.6
Expected return on plan assets	(7)	(7.1)	(14.1)	(14.3)
Amortization of net actuarial losses	3.2	3	6.6	6.1
Amortization of prior service cost	0.6	0.4	1.1	0.8
Net periodic pension cost	4.9	5.5	9.8	11
Postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Interest cost	0.3	0.3	0.6	0.7
Amortization of net actuarial losses	0	0	0.1	0
Amortization of prior service cost	0.1	0.1	0.1	0.1
Net periodic pension cost	$ 0.4	$ 0.4	$ 0.8	$ 0.8

Pension and Postretirement Be_4

Pension and Postretirement 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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
After-Tax Amount
Net losses reclassified from accumulated other comprehensive loss into income	$ 0.3	$ 3.5	$ 3.7	$ 7.1
Defined Benefit Pension Plans
Before-Tax Amount
Accumulated other comprehensive loss, beginning of period			(393.2)
Net gains reclassified from accumulated other comprehensive loss into income	3.9	3.5	7.9	7
Accumulated other comprehensive, end of period	(385.3)		(385.3)
Income Tax
Accumulated other comprehensive loss, beginning of period			(96.8)
Amortization of prior service cost and net actual loss	0.5	0.5	1	1
Accumulated other comprehensive loss, end of period	(95.8)		(95.8)
After-Tax Amount
Accumulated other comprehensive loss, beginning of period			(296.4)
Net losses reclassified from accumulated other comprehensive loss into income	3.4	3	6.9	6
Accumulated other comprehensive loss, end of period	(289.5)		(289.5)
Amortization of net actuarial losses
Before-Tax Amount
Net gains reclassified from accumulated other comprehensive loss into income	3.2	3	6.7	6.1
Income Tax
Amortization of prior service cost and net actual loss			0.9
After-Tax Amount
Net losses reclassified from accumulated other comprehensive loss into income			5.8
Amortization of prior service cost
Before-Tax Amount
Net gains reclassified from accumulated other comprehensive loss into income	$ 0.7	$ 0.5	1.2	$ 0.9
Income Tax
Amortization of prior service cost and net actual loss			0.1
After-Tax Amount
Net losses reclassified from accumulated other comprehensive loss into income			$ 1.1

Pension and Postretirement Be_5

Pension and Postretirement Benefit Plans (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 17.1
Estimated minimum contributions	32.2
Postretirement Health Coverage
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	0.7
Estimated minimum contributions	$ 1.6

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	$ 56.7	$ 39.3
Derivative liability, fair value	17.1	15
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	0	0
Derivative liability, fair value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	56.7	39.3
Derivative liability, fair value	17.1	15
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, fair value	0	0
Derivative liability, fair value	$ 0	$ 0

Segment Reporting (Sales Inform

Segment Reporting (Sales Information By Reportable Segments) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)reportable_segment	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments, segments | reportable_segment			4
Net sales	$ 2,006.8	$ 2,422.6	$ 3,935.1	$ 4,418.4
Income (loss) from operations	97.3	199.6	197.7	292
Depreciation			102.3	107.1
Capital expenditures			117.5	114.9
Assets	7,778		7,778		$ 7,759.7
Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,006.8	2,422.6	3,935.1	4,418.4
Income (loss) from operations	175.2	260.1	328.3	413.3
Depreciation	50.7	54.1	102.3	107.1
Capital expenditures	56.9	54	117.5	114.9
Assets	4,624.6		4,624.6		4,501.5
North America | Operating Segments
Segment Reporting Information [Line Items]
Net sales	555.8	618.9	1,107.7	1,115.1
Income (loss) from operations	64.7	51.4	125.6	82
Depreciation	15.2	16.1	30.8	31.7
Capital expenditures	8.2	11.6	18.3	29.9
Assets	1,189.8		1,189.8		1,125.6
South America | Operating Segments
Segment Reporting Information [Line Items]
Net sales	178.5	185.8	332.4	341.9
Income (loss) from operations	5.5	(7.1)	(3.3)	(15.6)
Depreciation	6.1	8.2	13.5	16.7
Capital expenditures	3.3	5	10.4	17.1
Assets	640.5		640.5		758
Europe/Middle East | Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,125	1,457.2	2,238.3	2,667.8
Income (loss) from operations	91	208.8	193.3	336.5
Depreciation	26.4	26.4	52.4	52.4
Capital expenditures	42.8	35.4	84.5	64.9
Assets	2,306.5		2,306.5		2,187.7
Asia/Pacific/Africa | Operating Segments
Segment Reporting Information [Line Items]
Net sales	147.5	160.7	256.7	293.6
Income (loss) from operations	14	7	12.7	10.4
Depreciation	3	3.4	5.6	6.3
Capital expenditures	2.6	$ 2	4.3	$ 3
Assets	$ 487.8		$ 487.8		$ 430.2

Segment Reporting (Income From

Segment Reporting (Income From Operations and Total Assets) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Income from Operations
Income from operations	$ 97.3	$ 199.6	$ 197.7	$ 292
Amortization of intangibles	(14.9)	(15.4)	(29.9)	(30.7)
Goodwill impairment charge	(20)	0	(20)	0
Income (loss) from operations	97.3	199.6	197.7	292
Total Assets
Total assets	7,778		7,778		$ 7,759.7
Cash and cash equivalents	404.4		404.4		432.8
Investments in affiliates	387.6		387.6		380.2
Intangible assets, net	470		470		501.7
Goodwill	1,246.6		1,246.6		1,298.3
Consolidated total assets	7,778		7,778		7,759.7
Operating Segments
Income from Operations
Income from operations	175.2	260.1	328.3	413.3
Income (loss) from operations	175.2	260.1	328.3	413.3
Total Assets
Total assets	4,624.6		4,624.6		4,501.5
Consolidated total assets	4,624.6		4,624.6		4,501.5
Segment Reconciling Items
Income from Operations
Corporate expenses	(29.1)	(32.9)	(63.5)	(64.7)
Amortization of intangibles	(14.9)	(15.4)	(29.9)	(30.7)
Stock compensation expense	(10.1)	(12.2)	(12.6)	(24.2)
Restructuring expenses	(3.8)	$ 0	(4.6)	$ (1.7)
Total Assets
Cash and cash equivalents	404.4		404.4		432.8
Investments in affiliates	387.6		387.6		380.2
Deferred tax assets, other current and noncurrent assets	644.8		644.8		645.2
Intangible assets, net	470		470		501.7
Goodwill	$ 1,246.6		$ 1,246.6		$ 1,298.3

Commitments and Contingencies (

Commitments and Contingencies (Details) R$ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020BRL (R$)	Dec. 31, 2019USD ($)
Leases, Operating [Abstract]
2020	$ 25,300,000		$ 48,300,000
2021	44,500,000		40,800,000
2022	34,400,000		31,500,000
2023	26,100,000		24,100,000
2024	17,700,000		16,700,000
Thereafter	58,300,000		61,600,000
Total lease payments	206,300,000		223,000,000
Less: imputed interest	(24,300,000)		(32,100,000)
Operating Lease, Liability	182,000,000		190,900,000
Leases, Capital [Abstract]
2020	2,600,000		4,800,000
2021	2,900,000		2,700,000
2022	1,300,000		1,200,000
2023	1,000,000		900,000
2024	600,000		600,000
Thereafter	8,700,000		8,700,000
Total lease payments	17,100,000		18,900,000
Less: imputed interest	(2,200,000)		(2,400,000)
Present value of leased liabilities	14,900,000		$ 16,500,000
Guarantees
Guaranteed indebtedness owed to third parties	25,400,000
Guarantor Obligations, Maximum Exposure, Undiscounted	56,300,000
Legal Claims and Other Matters
Tax disallowance not including interest and penalties	24,000,000	R$ 131.5
Leasing Arrangement
Guarantees
Guaranteed indebtedness owed to third parties	21,500,000
Retail Finance Joint Venture
Leases, Capital [Abstract]
Guarantor obligations, maximum inventory exposure per calendar year, undiscounted	6,000,000
Foreign currency contracts
Guarantees
Derivative, Notional Amount	$ 2,677,700,000

Revenue (Significant Changes in

Revenue (Significant Changes in Contract Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Change in Contract with Customer, Liability [Abstract]
Balance at beginning of period	$ 111.6	$ 84.5	$ 104	$ 76.8
Advance consideration received	35.7	38.3	69.6	63.7
Foreign currency translation	0.6	0.3	(3.8)	0.1
Balance at end of period	118.7	88	118.7	88
Extended Warrant Contracts, Maintenance Services, Technology Services
Change in Contract with Customer, Liability [Abstract]
Revenue recognized during the period for extended warranty contracts	(12)	(7.9)	(22.1)	(14)
Grain storage and protein production systems
Change in Contract with Customer, Liability [Abstract]
Revenue recognized during the period for extended warranty contracts	$ (17.2)	$ (27.2)	$ (29)	$ (38.6)

Revenue (Remaining Performance

Revenue (Remaining Performance Obligation Narrative) (Details) $ in Millions	Jun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 24.8
Remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 35.9
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 24.1
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 12.3
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 5.8
Remaining performance obligation, expected timing of satisfaction, period

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 2,006.8	$ 2,422.6	$ 3,935.1	$ 4,418.4
United States
Disaggregation of Revenue [Line Items]
Revenue	452.1	500.2	919.5	912.8
Canada
Disaggregation of Revenue [Line Items]
Revenue	82.7	91.9	144.4	153.1
South America
Disaggregation of Revenue [Line Items]
Revenue	177.3	182.1	329.2	335
Germany
Disaggregation of Revenue [Line Items]
Revenue	294.3	390.6	594.4	660.9
France
Disaggregation of Revenue [Line Items]
Revenue	221	267.5	435.7	505.6
United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Revenue	111.1	135.9	223.6	290.2
Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Revenue	144.6	199	276.9	368.6
Other Europe
Disaggregation of Revenue [Line Items]
Revenue	325.4	443.3	649.6	807.5
Middle East and Algeria
Disaggregation of Revenue [Line Items]
Revenue	28.6	20.9	58.1	35
Africa
Disaggregation of Revenue [Line Items]
Revenue	2.6	29.7	16	50
Asia
Disaggregation of Revenue [Line Items]
Revenue	85.9	77.6	133.9	136.8
Australia and New Zealand
Disaggregation of Revenue [Line Items]
Revenue	59	53.4	106.8	106.8
Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Revenue	22.2	30.5	47	56.2
Tractors
Disaggregation of Revenue [Line Items]
Revenue	992.3	1,349.8	2,053.8	2,469
Replacement parts
Disaggregation of Revenue [Line Items]
Revenue	399.3	383.7	709.4	685.7
Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Revenue	241.4	306.9	416.6	510
Other machinery
Disaggregation of Revenue [Line Items]
Revenue	373.9	382.3	755.3	753.7
North America
Disaggregation of Revenue [Line Items]
Revenue	555.8	618.9	1,107.7	1,115.1
North America | United States
Disaggregation of Revenue [Line Items]
Revenue	452.1	500.2	919.5	912.8
North America | Canada
Disaggregation of Revenue [Line Items]
Revenue	82.7	91.9	144.4	153.1
North America | South America
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Germany
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | France
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Middle East and Algeria
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Africa
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Asia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Australia and New Zealand
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
North America | Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Revenue	21	26.9	43.8	49.3
North America | Tractors
Disaggregation of Revenue [Line Items]
Revenue	148.6	187.4	317	327.6
North America | Replacement parts
Disaggregation of Revenue [Line Items]
Revenue	105.8	98.7	178	160.2
North America | Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Revenue	142.8	166.4	239.6	270.2
North America | Other machinery
Disaggregation of Revenue [Line Items]
Revenue	158.6	166.5	373.1	357.2
South America
Disaggregation of Revenue [Line Items]
Revenue	178.5	185.8	332.4	341.9
South America | United States
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Canada
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | South America
Disaggregation of Revenue [Line Items]
Revenue	177.3	182.1	329.2	335
South America | Germany
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | France
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Middle East and Algeria
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Africa
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Asia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Australia and New Zealand
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
South America | Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Revenue	1.2	3.6	3.2	6.9
South America | Tractors
Disaggregation of Revenue [Line Items]
Revenue	101	106.3	176.9	190.6
South America | Replacement parts
Disaggregation of Revenue [Line Items]
Revenue	16.8	21.4	36.8	43.3
South America | Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Revenue	16.9	17.7	38.8	37.4
South America | Other machinery
Disaggregation of Revenue [Line Items]
Revenue	43.9	40.4	79.9	70.6
Europe/Middle East
Disaggregation of Revenue [Line Items]
Revenue	1,125	1,457.2	2,238.3	2,667.8
Europe/Middle East | United States
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | Canada
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | South America
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | Germany
Disaggregation of Revenue [Line Items]
Revenue	294.3	390.6	594.4	660.9
Europe/Middle East | France
Disaggregation of Revenue [Line Items]
Revenue	221	267.5	435.7	505.6
Europe/Middle East | United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Revenue	111.1	135.9	223.6	290.2
Europe/Middle East | Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Revenue	144.6	199	276.9	368.6
Europe/Middle East | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	325.4	443.3	649.6	807.5
Europe/Middle East | Middle East and Algeria
Disaggregation of Revenue [Line Items]
Revenue	28.6	20.9	58.1	35
Europe/Middle East | Africa
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | Asia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | Australia and New Zealand
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Europe/Middle East | Tractors
Disaggregation of Revenue [Line Items]
Revenue	682.2	994.1	1,452.5	1,823.8
Europe/Middle East | Replacement parts
Disaggregation of Revenue [Line Items]
Revenue	257.4	246.4	458	448.3
Europe/Middle East | Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Revenue	33.3	61.6	60.8	104.1
Europe/Middle East | Other machinery
Disaggregation of Revenue [Line Items]
Revenue	152.1	155.1	266.9	291.6
Asia/Pacific/Africa
Disaggregation of Revenue [Line Items]
Revenue	147.5	160.7	256.7	293.6
Asia/Pacific/Africa | United States
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Canada
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | South America
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Germany
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | France
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Other Europe
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Middle East and Algeria
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Africa
Disaggregation of Revenue [Line Items]
Revenue	2.6	29.7	16	50
Asia/Pacific/Africa | Asia
Disaggregation of Revenue [Line Items]
Revenue	85.9	77.6	133.9	136.8
Asia/Pacific/Africa | Australia and New Zealand
Disaggregation of Revenue [Line Items]
Revenue	59	53.4	106.8	106.8
Asia/Pacific/Africa | Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Asia/Pacific/Africa | Tractors
Disaggregation of Revenue [Line Items]
Revenue	60.5	62	107.4	127
Asia/Pacific/Africa | Replacement parts
Disaggregation of Revenue [Line Items]
Revenue	19.3	17.2	36.6	33.9
Asia/Pacific/Africa | Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Revenue	48.4	61.2	77.4	98.3
Asia/Pacific/Africa | Other machinery
Disaggregation of Revenue [Line Items]
Revenue	$ 19.3	$ 20.3	$ 35.4	$ 34.3