v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
    The following tables set forth changes in redeemable noncontrolling interests and stockholders’ equity attributed to AGCO Corporation for the three and six months ended June 30, 2026 and 2025 (in millions):

Redeemable Noncontrolling Interests
Common
Stock		Additional
Paid-in Capital		Retained
Earnings		Accumulated Other
Comprehensive Loss		Total Stockholders’
Equity
Balance, March 31, 2026$295.5 $0.7 $— $6,032.2 $(1,736.4)$4,296.5 
Stock compensation and employee stock purchase plans
— — 17.3 — — 17.3 
Forward share repurchase contract
— — 5.0 49.0 — 54.0 
Comprehensive income:
— 
Net income (loss)(2.4)— — 77.2 — 77.2 
Other comprehensive income (loss):
— 
Foreign currency translation adjustments
(0.7)— — — 2.2 2.2 
Defined pension and postretirement benefit plans, net of tax
— — — — 2.0 2.0 
Deferred gains and losses on derivatives, net of tax
— — — — 0.3 0.3 
Payment of dividends to stockholders— — — (21.0)— (21.0)
Purchases and retirement of common stock
— — (11.4)(336.5)— (347.9)
Balance, June 30, 2026$292.4 $0.7 $10.9 $5,800.9 $(1,731.9)$4,080.6 

Redeemable Noncontrolling InterestsCommon
Stock		Additional
Paid-in Capital		Retained
Earnings		Accumulated Other
Comprehensive Loss		Total Stockholders’
Equity
Balance, December 31, 2025$299.2 $0.7 $0.5 $6,047.2 $(1,774.9)$4,273.5 
Stock compensation and employee stock purchase plans
— — 21.8 — — 21.8 
Forward share repurchase contract
— — — — — — 
Comprehensive income:
Net income (loss)(5.0)— — 132.2 — 132.2 
Other comprehensive income (loss):
Foreign currency translation adjustments(1.8)— — — 41.8 41.8 
Defined pension and postretirement benefit plans, net of tax
— — — — 3.8 3.8 
Deferred gains and losses on derivatives, net of tax— — — — (2.6)(2.6)
Payment of dividends to stockholders— — — (42.0)— (42.0)
Purchases and retirement of common stock— — (11.4)(336.5)— (347.9)
Balance, June 30, 2026$292.4 $0.7 $10.9 $5,800.9 $(1,731.9)$4,080.6 
Redeemable Noncontrolling InterestsCommon
Stock		Additional
Paid-in Capital		Retained
Earnings		Accumulated Other
Comprehensive Loss		Total Stockholders’
Equity
Balance, March 31, 2025$299.8 $0.7 $0.7 $5,629.6 $(1,821.6)$3,809.4 
Stock compensation plans
— — 9.3 (0.1)— 9.2 
Comprehensive income:
Net income (loss)(0.4)— — 314.8 — 314.8 
Other comprehensive income:
Foreign currency translation adjustments
4.9 — — — 53.3 53.3 
Defined pension and postretirement benefit plans, net of tax
— — — — 2.0 2.0 
Deferred gains and losses on derivatives, net of tax
— — — — 1.5 1.5 
Payment of dividends to stockholders— — — (21.7)— (21.7)
Balance, June 30, 2025$304.3 $0.7 $10.0 $5,922.6 $(1,764.8)$4,168.5 

Redeemable Noncontrolling InterestsCommon
Stock		Additional
Paid-in Capital		Retained
Earnings		Accumulated Other
Comprehensive Loss		Total Stockholders’
Equity
Balance, December 31, 2024
$300.1 $0.7 $— $5,645.0 $(1,902.9)$3,742.8 
Stock compensation plans
— — 10.0 (4.4)— 5.6 
Comprehensive income:
Net income (loss)
(2.2)— — 325.3 — 325.3 
Other comprehensive income:
Foreign currency translation adjustments
6.4 — — — 134.0 134.0 
Defined pension and postretirement benefit plans, net of tax
— — — — 3.9 3.9 
Deferred gains and losses on derivatives, net of tax
— — — — 0.2 0.2 
Payment of dividends to stockholders— — — (43.3)— (43.3)
Balance, June 30, 2025$304.3 $0.7 $10.0 $5,922.6 $(1,764.8)$4,168.5 
    The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation for the six months ended June 30, 2026 (in millions):

Defined Pension and Postretirement Benefit Plans
Deferred Gains and Losses on Derivatives
Cumulative Translation AdjustmentTotal
Accumulated other comprehensive loss,
December 31, 2025
$(223.4)$3.2 $(1,554.7)$(1,774.9)
Other comprehensive income (loss) before reclassifications
(0.3)(6.4)41.8 35.1 
Net losses reclassified from accumulated other comprehensive loss
4.1 3.8 — 7.9 
Other comprehensive income (loss)
3.8 (2.6)41.8 43.0 
Accumulated other comprehensive loss,
June 30, 2026
$(219.6)$0.6 $(1,512.9)$(1,731.9)

    The following tables set forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation for the three and six months ended June 30, 2026 and 2025 (in millions):

Amount Reclassified from Accumulated Other Comprehensive LossAffected Line Item within the Condensed Consolidated
Statements of Operations
Details about Accumulated Other Comprehensive Loss Components
Three Months Ended June 30, 2026(1)
Three Months Ended June 30, 2025(1)
Derivatives:
Net losses (gains) on foreign currency contracts$3.3 $(1.4)Cost of goods sold
Net gains on treasury rate locks
(0.2)(0.2)
Interest expense, net
Reclassification before tax3.1 (1.6)
Income tax expense (benefit)(0.5)0.4 Income tax provision
Reclassification net of tax$2.6 $(1.2)
Defined pension and postretirement benefit plans:
Amortization of net actuarial losses$2.2 $2.2 
Other expense, net(2)
Amortization of prior service cost0.5 0.5 
Other expense, net(2)
Reclassification before tax2.7 2.7 
Income tax benefit
(0.7)(0.7)Income tax provision
Reclassification net of tax$2.0 $2.0 
Net losses reclassified from accumulated other comprehensive loss$4.6 $0.8 
____________________________________
(1)    Losses (Gains) included within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2026 and 2025, respectively.
(2)    These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. Refer to Note 13 for additional information.
Amount Reclassified from Accumulated Other Comprehensive LossAffected Line Item within the Condensed Consolidated
Statements of Operations
Details about Accumulated Other Comprehensive Loss Components
Six Months Ended June 30, 2026(1)
Six Months Ended June 30, 2025(1)
Derivatives:
Net losses (gains) on foreign currency contracts$5.1 $(3.7)Cost of goods sold
Net gains on treasury rate locks(0.4)(0.4)
Interest expense, net
Reclassification before tax4.7 (4.1)
Income tax expense (benefit)(0.9)1.2 Income tax provision
Reclassification net of tax$3.8 $(2.9)
Defined pension and postretirement benefit plans:
Amortization of net actuarial losses$4.5 $4.3 
Other expense, net(2)
Amortization of prior service cost1.0 1.0 
Other expense, net(2)
Reclassification before tax5.5 5.3 
Income tax benefit
(1.4)(1.4)Income tax provision
Reclassification net of tax$4.1 $3.9 
Net losses reclassified from accumulated other comprehensive loss$7.9 $1.0 
____________________________________
(1)    Losses (Gains) included within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2026 and 2025, respectively.
(2)    These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. Refer to Note 13 for additional information.

Share Repurchase Program

    On July 9, 2025, the Company's Board of Directors authorized a new share repurchase program authorizing the Company to repurchase up to $1.0 billion of the Company's common stock, which has no expiration date. In May 2026, the Company entered into an accelerated share repurchase (“ASR”) agreement with a financial institution to repurchase an aggregate of $293.0 million of shares of its common stock. The Company received approximately 1,997,613 shares associated with this transaction as of June 30, 2026. In November 2025, the Company entered into ASR agreements with two financial institutions to repurchase an aggregate of $250.0 million of shares of its common stock. The Company received approximately 1,997,204 shares associated with these transactions as of December 31, 2025. In February 2026, the Company received an additional 333,755 shares upon final settlement of its November 2025 ASR agreements. All shares received under the ASR agreements were retired upon receipt, and the excess of the purchase price over par value per share was recorded to a combination of “Additional paid-in capital” and “Retained earnings” within the Company’s Condensed Consolidated Balance Sheets. In conjunction with the Cooperation Agreement entered into with Tractors and Farm Equipment Limited (“TAFE”) in June 2025 (the “Cooperation Agreement”), TAFE agreed to participate on a pro rata basis in the Company’s share repurchase programs as authorized by the Company’s Board of Directors from time to time. Under the Cooperation Agreement, TAFE also retains the right to maintain its existing percentage of beneficial ownership of the Company’s common stock. In February 2026, pursuant to the Cooperation Agreement, the Company committed to repurchase a pro-rata amount of shares from TAFE related to the Company's share repurchase program executed in the fourth quarter of 2025. The Company accounted for this arrangement as a forward share repurchase contract and, as of March 31, 2026, recorded a liability. Settlement occurred in May 2026, resulting in the repurchase of 422,590 shares for approximately $52.1 million. The shares repurchased 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, 2026, the remaining amount authorized to be repurchased under board-approved share repurchase authorizations was approximately $439.9 million, which has no expiration date.
Dividends

    During the three months ended June 30, 2026 and 2025, the Company declared and paid cash dividends of $0.30 and $0.29 per common share, respectively. During the six months ended June 30, 2026 and 2025, the Company declared and paid cash dividends of $0.59 and $0.58 per common share, respectively. On April 23, 2026, the Company's Board of Directors approved an increase in the Company's regular quarterly dividend to $0.30 per share, from $0.29 per share. On July 8, 2026, the Company's Board of Directors declared a regular quarterly dividend of $0.30 per common share to be paid on September 15, 2026, to all stockholders of record as of the close of business on August 14, 2026.