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Leases (Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Lease Assets
Operating ROU assets	$ 167.3	$ 168.9
Finance lease assets	6.5	6.1
Total lease assets	$ 173.8	$ 175.0
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Current:
Operating	$ 47.9	$ 45.0
Finance	$ 0.3	$ 0.5
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Noncurrent:
Operating	$ 122.1	$ 127.5
Finance	$ 5.7	$ 5.1
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Total lease liabilities	$ 176.0	$ 178.1
Finance lease asset, accumulated depreciation	$ 3.0	$ 2.8

Operations and Summary of Significant Accounting Policies (Business) (Details)	Dec. 31, 2025 dealer_and_distributor
Accounting Policies [Abstract]
Number of independent dealers and distributors	2,800

Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

A reconciliation of net income (loss) attributable to AGCO Corporation and weighted average common shares outstanding for purposes of calculating basic and diluted net income (loss) per share for the years ended December 31, 2025, 2024 and 2023 is as follows (in millions, except per share data):


	2025		2024(1)		2023
Basic net income (loss) per share:
Net income (loss) attributable to AGCO Corporation	$	726.5	$	(424.8)	$	1,171.4
Weighted average number of common shares outstanding	74.4		74.6		74.8
Basic net income (loss) per share attributable to AGCO Corporation	$	9.76	$	(5.69)	$	15.66
Diluted net income (loss) per share:
Net income (loss) attributable to AGCO Corporation	$	726.5	$	(424.8)	$	1,171.4
Weighted average number of common shares outstanding	74.4		74.6		74.8
Dilutive SSARs and RSUs	0.1		0.1		0.1
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income (loss) per share	74.5		74.7		74.9
Diluted net income (loss) per share attributable to AGCO Corporation	$	9.75	$	(5.69)	$	15.63

____________________________________

(1) As the Company has reported a loss for 2024, all potentially dilutive securities are antidilutive, and accordingly, basic net loss per share equals diluted net loss per share.

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

LEASES

Total lease assets and liabilities at December 31, 2025 and 2024 were as follows (in millions):


Lease Assets	Classification	As of December 31, 2025		As of December 31, 2024
Operating ROU assets	Right-of-use lease assets	$	167.3	$	168.9
Finance lease assets	Property, plant and equipment, net(1)	6.5		6.1
Total lease assets		$	173.8	$	175.0

Lease Liabilities	Classification	As of December 31, 2025		As of December 31, 2024
Current:
Operating	Accrued expenses	$	47.9	$	45.0
Finance	Other current liabilities	0.3		0.5

Noncurrent:
Operating	Operating lease liabilities	122.1		127.5
Finance	Other noncurrent liabilities	5.7		5.1
Total lease liabilities		$	176.0	$	178.1

____________________________________

(1) Finance lease assets are recorded net of accumulated depreciation of $3.0 million and $2.8 million as of December 31, 2025 and 2024, respectively.

Total lease costs for 2025 and 2024 are set forth below (in millions):


	Classification	Year Ended December 31, 2025		Year Ended December 31, 2024
Operating lease cost	Selling, general and administrative expenses	$	62.2	$	59.6
Variable lease cost	Selling, general and administrative expenses	5.2		4.8
Short-term lease cost	Selling, general and administrative expenses	18.5		23.4
Finance lease cost:
Amortization of lease assets	Depreciation expense(1)	0.4		0.5
Interest on lease liabilities	Interest expense, net	0.2		0.2
Total lease cost		$	86.5	$	88.5

____________________________________

(1) Depreciation expense was included in both “Cost of goods sold” and “Selling, general and administrative expenses” within the Company's Consolidated Statements of Operations.

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2025 were as follows (in millions):


	December 31, 2025
		Operating Leases(1)		Finance Leases


2026		$	55.5	$	0.6
2027		40.5		0.4
2028		31.8		0.3
2029		23.5		0.3
2030		11		0.2
Thereafter		37.5		6.0
Total lease payments		199.8		7.8
Less: imputed interest(2)		(29.9)		(2.0)

Present value of lease liabilities		$	169.9	$	5.8

____________________________________

(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 using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2024 were as follows (in millions):


	December 31, 2024
		Operating Leases(1)		Finance Leases
2025		$	53.3	$	0.7
2026		43.9		0.5
2027		29.7		0.4
2028		22.6		0.3
2029		15.2		0.2
Thereafter		42.2		5.5
Total lease payments		206.9		7.6
Less: imputed interest(2)		(34.4)		(2.0)

Present value of lease liabilities		$	172.5	$	5.6

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate:


	As of December 31, 2025		As of December 31, 2024
Weighted-average remaining lease term:
Operating leases	6 years		6 years
Finance leases	16 years		16 years

Weighted-average discount rate:
Operating leases	6.3	%	6.4	%
Finance leases	2.9	%	2.8	%

The following table summarizes the supplemental cash flow information for 2025 and 2024 (in millions):


	Year Ended December 31, 2025		Year Ended December 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	62.2	$	59.5
Operating cash flows from finance leases	0.1		0.1
Financing cash flows from finance leases	0.7		1.0

Leased assets obtained in exchange for lease obligations:
Operating leases	$	38.2	$	61.9
Finance leases	0.5		0.2

Leases

LEASES

Total lease assets and liabilities at December 31, 2025 and 2024 were as follows (in millions):


Lease Assets	Classification	As of December 31, 2025		As of December 31, 2024
Operating ROU assets	Right-of-use lease assets	$	167.3	$	168.9
Finance lease assets	Property, plant and equipment, net(1)	6.5		6.1
Total lease assets		$	173.8	$	175.0

Lease Liabilities	Classification	As of December 31, 2025		As of December 31, 2024
Current:
Operating	Accrued expenses	$	47.9	$	45.0
Finance	Other current liabilities	0.3		0.5

Noncurrent:
Operating	Operating lease liabilities	122.1		127.5
Finance	Other noncurrent liabilities	5.7		5.1
Total lease liabilities		$	176.0	$	178.1

____________________________________

(1) Finance lease assets are recorded net of accumulated depreciation of $3.0 million and $2.8 million as of December 31, 2025 and 2024, respectively.

Total lease costs for 2025 and 2024 are set forth below (in millions):


	Classification	Year Ended December 31, 2025		Year Ended December 31, 2024
Operating lease cost	Selling, general and administrative expenses	$	62.2	$	59.6
Variable lease cost	Selling, general and administrative expenses	5.2		4.8
Short-term lease cost	Selling, general and administrative expenses	18.5		23.4
Finance lease cost:
Amortization of lease assets	Depreciation expense(1)	0.4		0.5
Interest on lease liabilities	Interest expense, net	0.2		0.2
Total lease cost		$	86.5	$	88.5

____________________________________

(1) Depreciation expense was included in both “Cost of goods sold” and “Selling, general and administrative expenses” within the Company's Consolidated Statements of Operations.

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2025 were as follows (in millions):


	December 31, 2025
		Operating Leases(1)		Finance Leases


2026		$	55.5	$	0.6
2027		40.5		0.4
2028		31.8		0.3
2029		23.5		0.3
2030		11		0.2
Thereafter		37.5		6.0
Total lease payments		199.8		7.8
Less: imputed interest(2)		(29.9)		(2.0)

Present value of lease liabilities		$	169.9	$	5.8

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2024 were as follows (in millions):


	December 31, 2024
		Operating Leases(1)		Finance Leases
2025		$	53.3	$	0.7
2026		43.9		0.5
2027		29.7		0.4
2028		22.6		0.3
2029		15.2		0.2
Thereafter		42.2		5.5
Total lease payments		206.9		7.6
Less: imputed interest(2)		(34.4)		(2.0)

Present value of lease liabilities		$	172.5	$	5.6

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate:


	As of December 31, 2025		As of December 31, 2024
Weighted-average remaining lease term:
Operating leases	6 years		6 years
Finance leases	16 years		16 years

Weighted-average discount rate:
Operating leases	6.3	%	6.4	%
Finance leases	2.9	%	2.8	%

The following table summarizes the supplemental cash flow information for 2025 and 2024 (in millions):


	Year Ended December 31, 2025		Year Ended December 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	62.2	$	59.5
Operating cash flows from finance leases	0.1		0.1
Financing cash flows from finance leases	0.7		1.0

Leased assets obtained in exchange for lease obligations:
Operating leases	$	38.2	$	61.9
Finance leases	0.5		0.2

Income Taxes (Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes at United States federal statutory rate	$ 126.4	$ (91.1)	$ 280.0
Nontaxable or nondeductible items	6.4	108.1	0.0
State and local income taxes, net of federal income tax effects	(46.6)	(19.8)	(3.0)
Taxes on foreign income which differ from the United States statutory rate		23.7	(193.9)
Foreign inclusion, net of foreign tax credits		42.8	13.5
Tax effect of permanent differences		13.6	(34.0)
Changes in valuation allowances		13.1	116.5
Change in tax contingency reserves	23.7	30.1	33.2
Research and development tax credits		(6.4)	(9.6)
Brazil Amnesty Program, net of United States foreign tax credit		0.0	26.4
Other net		(15.7)	1.3
Income tax provision	(77.4)	98.4	230.4
Swiss tax basis adjustment	127.5	182.8	$ 197.7
Valuation allowance	$ 179.5	147.2
Tax incentive benefits		29.6
Noncontrolling interest		$ 12.7

Leases (Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate) (Details)	Dec. 31, 2025	Dec. 31, 2024
Weighted-average remaining lease term:
Operating leases	6 years	6 years
Finance leases	16 years	16 years
Weighted-average discount rate:
Operating leases	6.30%	6.40%
Finance leases	2.90%	2.80%

Segment Reporting (Segment Results by Reportable Segments) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) segment	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Number of operating segments \| segment	4
Number of reportable segments \| segment	4
Net sales	$ 10,082.0	$ 11,661.9	$ 14,412.4
Cost of goods sold	7,515.2	8,762.8	10,635.0
Selling, general and administrative expenses	1,105.1	1,167.5	1,205.0
Engineering expenses	487.7	493.0	548.8
Income (loss) from operations	974.0	1,238.6	2,023.6
Depreciation	256.5	251.2	230.4
Assets	11,927.8	11,190.6	11,421.2
Capital expenditures	247.9	393.3	518.1
Segment income from operations	595.7	(122.1)	1,700.4
North America
Net sales	1,665.5	2,298.3	3,138.2
Segment income from operations		91.8	61.2
North America \| Grain & Protein (G&P)
Net sales		552.0	614.5
South America
Net sales	1,115.6	1,208.5	2,078.2
Segment income from operations		17.4	28.6
South America \| Grain & Protein (G&P)
Net sales		107.4	156.0
Europe/ Middle East
Net sales	6,736.7	6,712.3	7,385.2
Segment income from operations		(35.6)	(9.4)
Europe/ Middle East \| Grain & Protein (G&P)
Net sales		100.6	155.3
Asia/ Pacific/Africa
Net sales	564.2	626.3	793.1
Segment income from operations		1.5	(1.2)
Asia/ Pacific/Africa \| Grain & Protein (G&P)
Net sales		56.5	91.9
Reportable Segment
Assets	5,976.1	6,013.9	7,170.7
Operating Segments
Net sales	10,082.0	10,845.4	13,394.7
Cost of goods sold	7,515.2	8,133.7	9,841.6
Selling, general and administrative expenses	1,105.1	1,077.3	1,091.3
Engineering expenses	487.7	470.9	517.4
Income (loss) from operations	974.0	1,163.5	1,944.4
Depreciation	256.5	244.3	216.3
Assets	5,976.1	6,013.9	6,680.2
Capital expenditures	247.9	385.2	499.4
Segment income from operations	974.0	1,163.5	1,944.4
Operating Segments \| North America
Net sales	1,665.5	2,298.3	3,138.2
Cost of goods sold	1,303.4	1,750.1	2,311.0
Selling, general and administrative expenses	335.2	333.8	299.0
Engineering expenses	138.9	130.4	130.1
Income (loss) from operations	(112.0)	84.0	398.1
Depreciation	58.5	58.4	51.9
Assets	1,409.9	1,527.9	1,624.7
Capital expenditures	41.4	61.1	113.2
Operating Segments \| South America
Net sales	1,115.6	1,208.5	2,078.2
Cost of goods sold	901.4	975.3	1,520.3
Selling, general and administrative expenses	121.3	101.0	148.0
Engineering expenses	41.5	45.2	52.1
Income (loss) from operations	51.4	87.0	357.8
Depreciation	32.9	34.1	33.6
Assets	1,052.0	946.9	1,328.5
Capital expenditures	30.0	43.7	72.1
Operating Segments \| Europe/ Middle East
Net sales	6,736.7	6,712.3	7,385.2
Cost of goods sold	4,857.6	4,913.4	5,383.5
Selling, general and administrative expenses	575.9	553.8	568.1
Engineering expenses	296.4	283.8	323.6
Income (loss) from operations	1,006.8	961.3	1,110.0
Depreciation	153.9	136.9	114.1
Assets	2,907.6	2,841.4	2,949.6
Capital expenditures	173.1	276.9	309.9
Operating Segments \| Asia/ Pacific/Africa
Net sales	564.2	626.3	793.1
Cost of goods sold	452.8	494.9	626.8
Selling, general and administrative expenses	72.7	88.7	76.2
Engineering expenses	10.9	11.5	11.6
Income (loss) from operations	27.8	31.2	78.5
Depreciation	11.2	14.9	16.7
Assets	606.6	697.7	777.4
Capital expenditures	3.4	3.5	4.2
Other
Net sales	0.0	816.5	1,017.7
Cost of goods sold	0.0	629.1	793.4
Selling, general and administrative expenses	0.0	90.2	113.7
Engineering expenses	0.0	22.1	31.4
Income (loss) from operations	0.0	75.1	79.2
Depreciation	0.0	6.9	14.1
Assets	0.0	0.0	490.5
Capital expenditures	$ 0.0	$ 8.1	$ 18.7

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Dividends Declared

The Company’s Board of Directors has declared and the Company has paid cash dividends per common share during the following years:


	2025(1)		2024(2)		2023(3)
Dividends declared and paid per common share	$	1.16	$	3.66	$	6.10

__________________________________

(1) The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.29 per common share during each quarter of 2025.

(2) The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.29 per common share during each quarter of 2024. In addition, the Company's Board of Directors declared and the Company paid a special variable dividend of $2.50 per common share during 2024 totaling approximately $186.6 million.

(3) On April 27, 2023, the Company’s Board of Directors approved a quarterly dividend of $0.29 per common share outstanding commencing in the second quarter of 2023. The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.29 per common share beginning in the second quarter of 2023, from $0.24 per common share in the first quarter of 2023. In addition, the Company's Board of Directors declared and the Company paid a special variable dividend of $5.00 per common share during 2023 totaling approximately $374.4 million.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation for the years ended December 31, 2025, 2024 and 2023 (in millions):


	Defined Pension and Postretirement Benefit Plans		Deferred Gains and Losses on Derivatives		Cumulative Translation Adjustment		Total
Accumulated other comprehensive loss, December 31, 2022	$	(231.2)	$	(0.9)	$	(1,571.0)	$	(1,803.1)
Other comprehensive income (loss) before reclassifications	(15.7)		(8.9)		102.3		77.7
Net losses reclassified from accumulated other comprehensive loss	8.3		9.0		—		17.3
Other comprehensive income (loss)	(7.4)		0.1		102.3		95.0
Accumulated other comprehensive loss, December 31, 2023	$	(238.6)	$	(0.8)	$	(1,468.7)	$	(1,708.1)
Other comprehensive income (loss) before reclassifications	(3.1)		3.4		(224.3)		(224.0)
Net losses reclassified from accumulated other comprehensive loss	22.9		6.3		—		29.2
Other comprehensive income (loss)	19.8		9.7		(224.3)		(194.8)
Accumulated other comprehensive loss, December 31, 2024	$	(218.8)	$	8.9	$	(1,693.0)	$	(1,902.9)
Other comprehensive income (loss) before reclassifications	(11.5)		0.8		138.3		127.6
Net losses (gains) reclassified from accumulated other comprehensive loss	6.9		(6.5)		—		0.4
Other comprehensive income (loss)	(4.6)		(5.7)		138.3		128.0
Accumulated other comprehensive loss, December 31, 2025	$	(223.4)	$	3.2	$	(1,554.7)	$	(1,774.9)

Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following table sets forth reclassification adjustments out of accumulated other comprehensive loss by component attributed to AGCO Corporation for the years ended December 31, 2025, 2024 and 2023 (in millions):


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item within the Consolidated Statements of Operations
	Year ended December 31, 2025(1)		Year ended December 31, 2024(1)		Year ended December 31, 2023(1)
Derivatives:
Net losses (gains) on foreign currency contracts	$	(7.5)	$	6.7	$	11.1	Cost of goods sold
Net losses on commodity contracts	—		0.3		0.1		Cost of goods sold
Net gains on treasury rate locks	(0.8)		(0.7)		—		Interest expense, net
Reclassification before tax	(8.3)		6.3		11.2
Income tax expense (benefit)	1.8		—		(2.2)		Income tax provision
Reclassification net of tax	$	(6.5)	$	6.3	$	9.0

Defined pension and postretirement benefit plans:
Amortization of net actuarial losses	$	7.3	$	10.5	$	9.4	Other expense (income), net(2)
Amortization of prior service cost	1.9		1.5		1.7		Other expense (income), net(2)
Net loss (gain) recognized due to settlement	(0.2)		18.8		—		Other expense (income), net(2)
Reclassification before tax	9.0		30.8		11.1
Income tax benefit	(2.1)		(7.9)		(2.8)		Income tax provision
Reclassification net of tax	$	6.9	$	22.9	$	8.3

Net losses reclassified from accumulated other comprehensive loss	$	0.4	$	29.2	$	17.3

____________________________________

(1) Losses (Gains) included within the Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023, respectively.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. Refer to Note 20 for additional information.

Business Divestiture (Narrative) (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Nov. 01, 2024	May 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on sale of business			$ 10.8	$ 507.3	$ 0.0
Grain & Protein (G&P) \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price for sale	$ 700.0
Proceeds from sale of business	630.7
Loss on sale of business	507.3	$ 12.3
Cumulative translation adjustment losses on business held for sale	$ 93.6

Inventories (Tables)

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventories, net at December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Finished goods	$	1,070.6	$	1,187.9
Repair and replacement parts	824.6		754.6
Work in process	181.9		170.0
Raw materials	632.2		618.8
Inventories, net	$	2,709.3	$	2,731.3

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 861.8	$ 612.7
Accounts and notes receivable, net	1,079.4	1,267.4
Inventories, net	2,709.3	2,731.3
Other current assets	545.6	526.6
Total current assets	5,196.1	5,138.0
Property, plant and equipment, net	1,996.2	1,818.6
Right-of-use lease assets	167.3	168.9
Investments in affiliates	609.9	519.6
Deferred tax assets	905.5	561.0
Other assets	481.0	435.2
Intangible assets, net	673.0	728.9
Goodwill	1,898.8	1,820.4
Total assets	11,927.8	11,190.6
Current Liabilities:
Borrowings due within one year	117.7	415.2
Accounts payable	951.0	813.0
Accrued expenses	2,538.7	2,469.6
Other current liabilities	121.7	128.2
Total current liabilities	3,729.1	3,826.0
Long-term debt, less current portion and debt issuance costs	2,323.1	2,233.3
Operating lease liabilities	122.1	127.5
Pension and postretirement health care benefits	169.2	155.6
Deferred tax liabilities	126.5	125.0
Other noncurrent liabilities	885.1	680.3
Total liabilities	7,355.1	7,147.7
Commitments and contingencies (Note 22)
Redeemable noncontrolling interests	299.2	300.1
Stockholders’ Equity:
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2025 and 2024	0.0	0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 72,629,310 and 74,420,952 shares issued and outstanding at December 31, 2025 and 2024, respectively	0.7	0.7
Additional paid-in capital	0.5	0.0
Retained earnings	6,047.2	5,645.0
Accumulated other comprehensive loss	(1,774.9)	(1,902.9)
Total stockholders’ equity	4,273.5	3,742.8
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$ 11,927.8	$ 11,190.6

Property, Plant, and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment, net at December 31, 2025 and 2024 consisted of the following (in millions):


	2025		2024
Land	$	162.5	$	141.8
Buildings and improvements	1,128.0		998.3
Machinery and equipment	3,339.2		2,916.4
Furniture and fixtures	235.2		206.6
Gross property, plant and equipment	4,864.9		4,263.1
Accumulated depreciation and amortization	(2,868.7)		(2,444.5)
Property, plant and equipment, net	$	1,996.2	$	1,818.6

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Accumulated Other Comprehensive Loss and Net Income Related to Derivatives

The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the years ended December 31, 2025, 2024 and 2023 (in millions):


	Before-Tax Amount		Income Tax Expense (Benefit)		After-Tax Amount
Accumulated derivative net losses as of December 31, 2022	$	(1.0)	$	(0.1)	$	(0.9)
Net changes in fair value of derivatives:
Foreign currency contracts	(11.8)		(2.7)		(9.1)
Commodity contracts	0.3		0.1		0.2
Total	(11.5)		(2.6)		(8.9)
Net losses reclassified from accumulated other comprehensive loss into income:
Foreign currency contracts	11.1		2.2		8.9
Commodity contracts	0.1		—		0.1
Total	11.2		2.2		9.0
Accumulated derivative net losses as of December 31, 2023	$	(1.3)	$	(0.5)	$	(0.8)
Net changes in fair value of derivatives:
Foreign currency contracts	(1.2)		1.2		(2.4)
Commodity contracts	(0.3)		—		(0.3)
Treasury rate locks	8.2		2.1		6.1
Total	6.7		3.3		3.4
Net losses (gains) reclassified from accumulated other comprehensive loss into income:
Foreign currency contracts	6.7		0.3		6.4
Commodity contracts	0.3		—		0.3
Treasury rate locks	(0.7)		(0.3)		(0.4)
Total	6.3		—		6.3
Accumulated derivative net gains as of December 31, 2024	$	11.7	$	2.8	$	8.9
Net changes in fair value of derivatives:
Foreign currency contracts(1)	1.2		0.4		0.8

Total	1.2		0.4		0.8
Net gains reclassified from accumulated other comprehensive loss into income:
Foreign currency contracts(1)	(7.5)		(1.6)		(5.9)

Treasury rate locks	(0.8)		(0.2)		(0.6)
Total	(8.3)		(1.8)		(6.5)
Accumulated derivative net gains as of December 31, 2025	$	4.6	$	1.4	$	3.2

____________________________________

(1) The outstanding contracts as of December 31, 2025 range in maturity through December 2026.

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
	December 31, 2025		December 31, 2024
Cross currency swap contracts	$	600.0	$	600.0

The following table summarizes the changes in the fair value of the cross currency swap contracts designated as a net investment hedge during the years ended December 31, 2025, 2024 and 2023 (in millions):


	Gain (Loss) Recognized in Other Comprehensive Income (Loss) for the Years Ended
	Before-Tax Amount		Income Tax Expense (Benefit)		After-Tax Amount





December 31, 2025	$	(53.4)	$	(13.7)	$	(39.7)
December 31, 2024	(4.1)		(1.1)		(3.0)
December 31, 2023	(12.7)		(3.3)		(9.4)

Schedule of Derivatives Not Designated as Hedging Instrument

The following table summarizes the results on net income (loss) of derivatives not designated as hedging instruments (in millions):


		Gain (Loss) Recognized in Net Income (Loss) for the Years Ended
	Classification of Gain (Loss)	December 31, 2025		December 31, 2024		December 31, 2023
Foreign currency contracts	Other expense (income), net	$	24.3	$	(49.3)	$	29.9

Fair Value of Derivative Instruments

The table below sets forth the fair value of derivative instruments as of December 31, 2025 (in millions):


	Asset Derivatives as of December 31, 2025			Liability Derivatives as of December 31, 2025
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	0.8	Other current liabilities	$	2.5

Cross currency swap contracts	Other noncurrent assets	—		Other noncurrent liabilities	37.2
Derivative instruments not designated as hedging instruments:
Foreign currency contracts(1)	Other current assets	19.4		Other current liabilities	8.7
Total derivative instruments		$	20.2		$	48.4

____________________________________

(1) The outstanding contracts as of December 31, 2025 range in maturity through February 2026.

The table below sets forth the fair value of derivative instruments as of December 31, 2024 (in millions):


	Asset Derivatives as of December 31, 2024			Liability Derivatives as of December 31, 2024
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	3.7	Other current liabilities	$	1.6


Cross currency swap contracts	Other noncurrent assets	16.2		Other noncurrent liabilities	—
Derivative instruments not designated as hedging instruments:
Foreign currency contracts	Other current assets	26.1		Other current liabilities	12.6
Total derivative instruments		$	46.0		$	14.2

Pension and Postretirement Benefit Plans (Weighted Average Asset Allocation) (Details) - UNITED KINGDOM - Pension plan	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan, Plan Assets, Category [Line Items]
Asset allocation	100.00%	100.00%
Equity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Asset allocation	8.00%	5.00%
Fixed income securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Asset allocation	87.00%	91.00%
Other investments
Defined Benefit Plan, Plan Assets, Category [Line Items]
Asset allocation	5.00%	4.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Accounts Receivable Sales Agreements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding accounts receivable securitization	$ 107.5	$ 139.2
Other expense, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss on sales of receivables	90.3	118.2	$ 148.4
Trade Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Cash received from receivables sold	270.5	220.5
United States, Canada, Europe, and Brazil
Accounts, Notes, Loans and Financing Receivable [Line Items]
Cash received from receivables sold	$ 2,100.0	$ 2,300.0

Supplier Finance Programs (Activity of Supplier Finance Program) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Supplier Finance Program, Obligation [Roll Forward]
Balance at beginning of the year	$ 50.6	$ 82.7
Amounts added to the programs	194.4	282.5
Amounts settled under the programs	(213.3)	(314.6)
Balance at the end of the year	$ 31.7	$ 50.6

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 719.0	$ (485.6)	$ 1,171.3
Defined pension and postretirement benefit plans, net of tax:
Prior service cost arising during the year	(0.1)	(0.9)	0.0
Net loss (gain) recognized due to settlement	(0.2)	14.0	0.4
Net actuarial loss arising during the year	(11.4)	(2.2)	(16.1)
Amortization of prior service cost	1.5	1.1	1.3
Amortization of net actuarial losses	5.6	7.8	7.0
Deferred gains and losses on derivatives, net of tax:
Net changes in fair value of derivatives	0.8	3.4	(8.9)
Net losses (gains) reclassified from accumulated other comprehensive loss into income	(6.5)	6.3	9.0
Foreign currency translation adjustments	144.9	(226.6)	102.3
Other comprehensive income (loss)	134.6	(197.1)	95.0
Comprehensive income (loss)	853.6	(682.7)	1,266.3
Comprehensive loss attributable to noncontrolling interests	0.9	63.1	0.1
Comprehensive income (loss) attributable to AGCO Corporation	$ 854.5	$ (619.6)	$ 1,266.4

Stock Compensation Plans

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock Compensation Plans

STOCK COMPENSATION PLANS

The Company recorded stock compensation expense as follows for the years ended December 31, 2025, 2024 and 2023 (in millions):


	Years Ended December 31,
	2025(1)		2024(1)		2023
Cost of goods sold	$	0.9	$	0.5	$	1.8
Selling, general and administrative expenses	27.7		17.9		44.6
Total stock compensation expense	$	28.6	$	18.4	$	46.4

_________________________________

(1) The years ended December 31, 2025 and 2024 include approximately $3.0 million and $6.5 million, respectively, of compensation expense related to PTx Trimble employees vesting in legacy Trimble awards.

The Company recognizes the effect of award forfeitures as an adjustment to stock compensation expense in the period in which the forfeiture occurs.

Stock Incentive Plan

Under the Company's 2006 Long-Term Incentive Plan (“the Plan”), up to 10,000,000 shares of AGCO’s common stock may be issued. As of December 31, 2025, of the 10,000,000 shares reserved for issuance under the Plan, approximately 3,220,463 shares remained 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’ Talent and Compensation Committee, to make grants of performance shares, stock appreciation rights (“SSARs”), 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 Company’s primary long-term incentive plan is a performance share plan that provides for awards of shares of the Company’s common stock based on achieving financial targets, such as targets for return on net assets and revenue growth, as determined by the Company’s Board of Directors. Performance periods for the Company’s primary long-term incentive plan are consecutive and overlapping three-year cycles, and performance targets are set at the beginning of each cycle. The primary long-term incentive plan provides for participants to earn 16.5% to 200% of the target awards depending on the actual performance achieved, with no shares earned if performance is below the established minimum target. Awards earned under the Plan are paid in shares of common stock at the end of each three-year performance period. The percentage level achievement is determined annually or over the three-year cycle in aggregate, with the ultimate award that is earned determined based upon the average of the three annual percentages. The grant of performance award shares is subject to a total shareholder return modifier. The compensation expense associated with these awards is amortized ratably over the vesting or performance period based on the Company’s projected assessment of the level of performance that will be achieved and earned.

During 2025, the Company granted performance awards covering up to 441,212 shares, assuming the Company achieves maximum levels of performance related to varying performance periods. Compensation expense recorded during 2025, 2024 and 2023 with respect to awards granted was based upon the fair value as of the grant date. The award included a market condition and the Company measured the fair value using a Monte Carlo simulation. The weighted average grant-date fair value of performance awards granted under the Plan during 2025, 2024 and 2023 was as follows:


	Years Ended December 31,
	2025		2024		2023
Weighted average grant-date fair value	$	108.20	$	126.95	$	143.63

Performance award transactions during 2025 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan:


	Performance awards	Weighted-Average Grant Date Fair Value
Shares awarded but not earned at January 1	570,150	$	134.26
Shares awarded	441,212	108.20
Shares forfeited	(65,636)	126.51
Shares vested or earned	(226,094)	143.61
Shares awarded but not earned at December 31	719,632	$	116.05

Based on the level of performance achieved as of December 31, 2025, 27,052 shares were earned under the related performance period. 16,650 shares were issued in February 2026, net of 10,402 shares that were withheld for taxes related to the earned awards. The Plan allows for the participant to have the option of forfeiting a portion of the shares awarded in lieu of a cash payment contributed to the participant’s tax withholding to satisfy the participant’s statutory minimum federal, state and employment taxes which would be payable at the time of grant.

As of December 31, 2025, 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 $29.8 million, and the weighted average period over which it is expected to be recognized is approximately two years. This estimate is based on the current projected levels of performance of outstanding awards. The compensation cost not yet recognized could be higher or lower based on actual achieved levels of performance.

Restricted Stock Units (“RSUs”)

RSU awards granted under the Plan do not entitle recipients to vote or receive dividends during the vesting period and will be forfeited in the event of the recipient’s termination of employment, except for certain circumstances. The fair value of restricted stock and restricted stock units is the closing market price per share of the Company’s stock on the grant date less the present value of the expected dividends not received during the vesting period.

The weighted average grant-date fair value of the RSUs granted under the Plan during 2025, 2024 and 2023 was as follows:


	Years Ended December 31,
	2025		2024		2023
Weighted average grant-date fair value	$	101.91	$	114.07	$	134.63

During the year ended December 31, 2025, the Company granted 172,027 RSU awards. These awards entitle the participant to receive one share of the Company’s common stock for each RSU granted and vest one-third per year over a three-year requisite service period. The compensation expense associated with all RSU awards is being amortized ratably over the requisite service period for the awards that are expected to vest. RSU transactions during the year ended December 31, 2025 were as follows:


	RSUs	Weighted-Average Grant Date Fair Value
Shares awarded but not vested at January 1	269,202	$	118.29
Shares awarded	172,027	101.91
Shares forfeited	(22,325)	112.15
Shares vested	(125,759)	117.51
Shares awarded but not vested at December 31	293,145	$	109.50

During January 2026, 65,049 RSUs were issued, net of 41,119 shares that were withheld for taxes. The Plan allows for the participant to have the option of forfeiting a portion of the shares awarded in lieu of a cash payment contributed to the participant’s tax withholding to satisfy the participant’s statutory minimum federal, state and employment taxes which would be payable at the time of grant. As of December 31, 2025, the total compensation cost related to the unvested RSUs not yet recognized was approximately $19.2 million, and the weighted average period over which it is expected to be recognized is approximately one and one-half years.

2026 Awards

On January 28, 2026, the Company granted 228,993 performance award shares (subject to the Company achieving future target levels of performance) and 197,162 RSUs under the Plan. The performance award shares are subject to a total shareholder return modifier.

Director Restricted Stock Grants

Pursuant to the Plan, all non-employee directors receive annual restricted stock grants of the Company’s common stock. All restricted stock grants made to the Company’s directors are restricted as to transferability for a period of one year. In the event a director departs from the Company’s Board of Directors, the non-transferability period expires immediately. The plan allows each director to have the option of forfeiting a portion of the shares awarded in lieu of a cash payment contributed to the participant’s tax withholding to satisfy the statutory minimum federal, state and employment taxes that would be payable at the time of grant. The 2025 grant was made on April 24, 2025, and equated to 17,256 shares of common stock, of which 16,738 shares of common stock were issued, after shares were withheld for taxes. The Company recorded stock compensation expense of approximately $1.5 million during 2025 associated with these grants.

Employee Stock Purchase Plan

The Company's Stock Purchase Plan (“ESPP”) provides employees of the Company and its participating subsidiaries

and affiliates an opportunity to purchase shares of the Company's common stock at a 10% discount using the Company's share price on the last trading day of the six-month offering period. Participants can contribute between 1% and 10% of their compensation. The ESPP was approved by the Company’s stockholders on April 24, 2025 and became effective with the first offering period under the plan commencing on July 1, 2025. A total of 4,000,000 shares were authorized to be issued.

As of December 31, 2025, the remaining shares authorized to be issued under the ESPP was approximately 4,000,000. The Company recorded stock compensation expense of approximately $0.2 million during 2025 associated with the ESPP.

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ 719.0	$ (485.6)	$ 1,171.3
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	256.5	251.2	230.4
Amortization of intangibles	71.1	81.0	57.7
Stock compensation expense	28.4	18.4	46.4
Impairment charges	10.0	369.5	4.1
Loss on sale of business	10.8	507.3	0.0
Gain on sale of investment in affiliate	(251.9)	0.0	0.0
U.S. pension plan termination and settlement	0.0	18.5	0.0
Equity in net earnings of affiliates, net of cash received	(20.6)	(29.4)	(36.4)
Deferred income tax benefit	(366.5)	(102.7)	(264.4)
Other	35.7	32.2	6.7
Changes in operating assets and liabilities:
Accounts and notes receivable, net	231.0	59.1	(443.8)
Inventories, net	237.5	308.8	(164.4)
Other current and noncurrent assets	(17.1)	(36.7)	(243.0)
Accounts payable	43.4	(224.9)	(191.6)
Accrued expenses	(114.1)	(190.2)	566.5
Other current and noncurrent liabilities	114.9	113.4	363.6
Total adjustments	269.1	1,175.5	(68.2)
Net cash provided by operating activities	988.1	689.9	1,103.1
Cash flows from investing activities:
Purchases of property, plant and equipment	(247.9)	(393.3)	(518.1)
Proceeds from sale of property, plant and equipment	2.0	2.1	11.8
Purchase of businesses, net of cash acquired	0.0	(1,903.7)	(9.8)
Proceeds from sale of business	(1.8)	630.7	0.0
Sale of (investments in) unconsolidated affiliates, net	236.8	(7.4)	(21.6)
Proceeds from cross currency swap contract	0.0	22.6	0.0
Other	(17.4)	(1.4)	(8.0)
Net cash used in investing activities	(28.3)	(1,650.4)	(545.7)
Cash flows from financing activities:
Proceeds from indebtedness	57.0	1,875.7	329.8
Repayments of indebtedness	(436.7)	(513.4)	(458.6)
Purchases and retirement of common stock	(250.0)	(22.0)	(53.0)
Payment of dividends to stockholders	(86.5)	(273.1)	(457.4)
Payment of minimum tax withholdings on stock compensation	(13.0)	(14.1)	(21.6)
Payment of debt issuance costs	0.0	(15.7)	(10.9)
Investments by noncontrolling interests, net	0.0	8.1	0.0
Net cash provided by (used in) financing activities	(729.2)	1,045.5	(671.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	18.5	(67.8)	(79.7)
Increase (decrease) in cash, cash equivalents and restricted cash	249.1	17.2	(194.0)
Cash, cash equivalents and restricted cash, beginning of year	612.7	595.5	789.5
Cash, cash equivalents and restricted cash, end of year	$ 861.8	$ 612.7	$ 595.5

Derivative Instruments and Hedging Activities (Derivatives not Designated as Hedging Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Foreign currency contracts \| Derivative instruments not designated as hedging instruments \| Other expense (income), net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in net income (loss)	$ 24.3	$ (49.3)	$ 29.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2025	Dec. 31, 2024
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)	72,629,310	74,420,952
Common stock, shares outstanding (in shares)	72,629,310	74,420,952

Property, Plant, and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant, and equipment, net at December 31, 2025 and 2024 consisted of the following (in millions):


	2025		2024
Land	$	162.5	$	141.8
Buildings and improvements	1,128.0		998.3
Machinery and equipment	3,339.2		2,916.4
Furniture and fixtures	235.2		206.6
Gross property, plant and equipment	4,864.9		4,263.1
Accumulated depreciation and amortization	(2,868.7)		(2,444.5)
Property, plant and equipment, net	$	1,996.2	$	1,818.6

Operations and Summary of Significant Accounting Policies (Net Sales with Maximum Interest-free Periods by Geographic Region) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
0 to 6 months	$ 9,563.6
0 to 6 months, percent	94.90%
7 to 12 months	$ 504.9
7 to 12 months, percent	5.00%
13 to 24 months	$ 13.5
13 to 24 months, percent	0.10%
Net sales	$ 10,082.0	$ 11,661.9	$ 14,412.4
Net sales, percent	100.00%
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
0 to 6 months	$ 1,157.0
7 to 12 months	495.0
13 to 24 months	13.5
Net sales	1,665.5
South America
Accounts, Notes, Loans and Financing Receivable [Line Items]
0 to 6 months	1,115.6
7 to 12 months	0.0
13 to 24 months	0.0
Net sales	1,115.6
Europe/ Middle East
Accounts, Notes, Loans and Financing Receivable [Line Items]
0 to 6 months	6,726.8
7 to 12 months	9.9
13 to 24 months	0.0
Net sales	6,736.7
Asia/ Pacific/Africa
Accounts, Notes, Loans and Financing Receivable [Line Items]
0 to 6 months	564.2
7 to 12 months	0.0
13 to 24 months	0.0
Net sales	$ 564.2

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES The future payments required under the Company’s significant commitments, excluding indebtedness, as of December 31, 2025 are as follows (in millions): Interest payments on indebtedness – The Company expects to make interest payments of approximately $116.6 million during the year ending December 31, 2026 related to indebtedness outstanding as of December 31, 2025. Indebtedness amounts reflect the principal amount of the Company’s EIB senior term loans, senior notes, senior term loans, credit facility and certain short-term borrowings, gross of any debt issuance costs. The projected amount of interest payments includes assumptions regarding the future fluctuations in interest rates, as well as borrowings under the Company’s revolving credit facility and other variable debt instruments. The amounts provided relate only to existing debt obligations and do not assume the refinancing or replacement of such debt. Refer to Note 12 of the Consolidated Financial Statements for additional information regarding indebtedness. Unconditional purchase obligations – As of December 31, 2025, the Company had approximately $161.6 million of outstanding purchase obligations payable during the year ending December 31, 2026. The Company's unconditional purchase obligations are primarily payable within 12 months. Other short-term and long-term obligations – As of December 31, 2025, the Company has approximately $3.8 million of income tax liabilities related to uncertain income tax provisions connected with ongoing income tax audits in various jurisdictions that it expects to pay or settle within the next 12 months. These liabilities and related income tax audits are subject to statutory expiration. Additionally, we currently expect that we will contribute $2.4 million to our non-U.S. defined benefit pension and postretirement plans due during the year ending December 31, 2026. The timing and amounts of future contributions are dependent upon the funding status of the plans, which is expected to vary as a result of changes in interest rates, returns on underlying assets, and other factors. Refer to Note 19 and Note 20 of the Consolidated Financial Statements for additional information regarding the Company’s uncertain tax positions and pension and postretirement benefit plans, respectively. These obligations comprise a majority of the Company’s other short-term and long-term obligations. Off-Balance Sheet Arrangements Guarantees At December 31, 2025, the Company had outstanding guarantees issued to its Argentine finance joint venture, AGCO Capital Argentina S.A. (“AGCO Capital”) of approximately $82.6 million. Such guarantees generally obligate the Company to repay outstanding finance obligations owed to AGCO Capital if end users default on such loans to the extent that, due to non-credit risk, the end users are not able, or not required, to pay their loans, or are required to pay in a different currency than the one agreed in their loan. 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. The Company believes the credit risk associated with these guarantees is not material. In addition, at December 31, 2025, the Company accrued approximately $11.6 million of outstanding guarantees of residual values that may be owed to its finance joint ventures in the United States and Canada 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 $224.1 million. Other The Company sells a majority of its wholesale receivables in North America, Europe and Brazil to its U.S., Canadian, European and Brazilian finance joint ventures. The Company also sells certain accounts receivable under factoring arrangements to financial institutions around the world. The Company accounts for the sale of such receivables as off-balance sheet transactions. Refer to Note 5 for discussion of the Company’s accounts receivable sales agreements. Contingencies During 2017, the Company purchased Precision Planting, which provides precision agricultural technology solutions. In 2018, Deere & Company (“Deere”) filed separate complaints in the U.S. District Court of Delaware against the Company and Precision Planting alleging that certain products of those entities infringed certain patents of Deere. The two complaints subsequently were consolidated into a single case, Case No. 1:18-cv-00827-CFC. In July 2022, the case was tried before a jury, which determined that the Company and Precision Planting had not infringed the Deere patents. Following customary post-trial procedures, the Court entered a judgment in the Company’s favor, and Deere appealed the judgment to the U.S. Court of Appeals for the Federal Circuit. On January 24, 2025, the Court ruled in favor of the Company and Precision Planting. Deere did not file for a writ of certiorari from the U.S. Supreme Court within the required time period, and, as a result, the District Court judgment is final. The Company is a party to various other legal claims and actions incidental to its business. The Company believes that none of these claims or actions, either individually or in the aggregate, is material to its business or financial statements as a whole, including its results of operations and financial condition.

Stockholders' Equity (Dividends Declared and Paid) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2025	Sep. 30, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.24	$ 1.16	$ 3.66	$ 6.10
Dividend paid per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.29	$ 0.29					$ 0.29	$ 0.24	$ 1.16	$ 3.66	6.10
S 2024 Q1 Dividends
Subsequent Event [Line Items]
Dividend paid per common share (in dollars per share)								$ 0.29
S 2024 Q2 Dividends
Subsequent Event [Line Items]
Dividend paid per common share (in dollars per share)							$ 0.29
S 2024 Q3 Dividends
Subsequent Event [Line Items]
Dividend paid per common share (in dollars per share)						$ 0.29
S 2024 Q4 Dividends
Subsequent Event [Line Items]
Dividend paid per common share (in dollars per share)					$ 0.29
Dividends paid												$ 186.6
S 2023 Q4 Dividends
Subsequent Event [Line Items]
Dividends declared (in dollars per share)													5.00
Dividend paid per common share (in dollars per share)													$ 5.00
Dividends paid													$ 374.4
S 2024 Annual Dividends
Subsequent Event [Line Items]
Dividends declared (in dollars per share)												$ 2.50
Dividend paid per common share (in dollars per share)												$ 2.50

Revenue (Performance Obligation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue recognized that was recorded as a contract liability at the beginning of the period	$ 164.9	$ 139.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 157.0
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 116.5
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 64.0
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 30.6
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 9.9
Remaining performance obligation, expected timing of satisfaction, period

Investments in Affiliates (Summarized Financial Information of Finance Joint Ventures) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Total assets	$ 11,927.8	$ 11,190.6	$ 11,421.2
Total liabilities	7,355.1	7,147.7
Partners’ equity	4,273.5	3,742.8
Income before income taxes	77.5	119.0	211.9
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Total assets	10,433.1	10,036.4
Total liabilities	9,284.6	9,074.3
Partners’ equity	1,148.5	962.1
Revenues	795.0	791.7	680.5
Costs	$ 717.5	$ 672.7	$ 468.6

- Definition

Amount of asset recognized for present right to economic benefit.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

+ Details

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Goodwill and Other Intangible Assets (Indefinite-Lived Intangible Assets) (Details) - Trademarks and Trade Names - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Indefinite-lived intangible assets:
Balance at beginning of period	$ 83.8	$ 85.9
Foreign currency translation	4.0	(2.1)
Balance at end of period	$ 87.8	$ 83.8

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2025	Feb. 09, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 6.4
Entity Common Stock, Shares Outstanding		72,400,559
Documents Incorporated by Reference	Documents Incorporated by Reference Portions of AGCO Corporation’s Proxy Statement for the 2026 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Entity Registrant Name	AGCO CORP /DE
Entity Central Index Key	0000880266
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false

Pension and Postretirement Benefit Plans (Assumptions for Benefit Obligation) (Details)	Dec. 31, 2025	Dec. 31, 2024
Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Rate of increase in future compensation	1.50%	1.50%
Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Rate of increase in future compensation	3.50%	5.00%
Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average discount rate	5.00%	5.10%
Pension plan \| U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average discount rate	5.60%	5.80%
Rate of increase in future compensation	0.00%	5.00%

Operations and Summary of Significant Accounting Policies (Revenue) (Details)	12 Months Ended
	Dec. 31, 2025
Minimum
Accounting Policies [Line Items]
Extended product warrant, period	3 years
Maximum
Accounting Policies [Line Items]
Extended product warrant, period	5 years

Segment Reporting (Income From Operations and Total Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Segment income from operations	$ 595.7	$ (122.1)	$ 1,700.4
Amortization of intangibles	(71.1)	(81.0)	(57.7)
Impairment charges	(10.0)	(369.5)	(4.1)
Restructuring and business optimization expenses	(82.2)	(172.7)	(11.9)
Loss on sale of business	(10.8)	(507.3)	0.0
Consolidated income (loss) from operations	595.7	(122.1)	1,700.4
Reconciliation Of Assets From Segment To Consolidated [Abstract]
Assets	11,927.8	11,190.6	11,421.2
Cash and cash equivalents	861.8	612.7
Investments in affiliates	609.9	519.6
Intangible assets, net	673.0	728.9
Goodwill	1,898.8	1,820.4	1,333.4
Consolidated total assets	11,927.8	11,190.6	11,421.2
Operating Segments
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Segment income from operations	974.0	1,163.5	1,944.4
Consolidated income (loss) from operations	974.0	1,163.5	1,944.4
Reconciliation Of Assets From Segment To Consolidated [Abstract]
Assets	5,976.1	6,013.9	6,680.2
Consolidated total assets	5,976.1	6,013.9	6,680.2
Segment Reconciling Items
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Other	0.0	75.1	79.2
Corporate expenses	(176.5)	(212.3)	(204.9)
Amortization of intangibles	(71.1)	(81.0)	(57.7)
Stock compensation expense	(27.7)	(17.9)	(44.6)
Impairment charges	(10.0)	(369.5)	(4.1)
Restructuring and business optimization expenses	(82.2)	(172.7)	(11.9)
Loss on sale of business	(10.8)	(507.3)	0.0
Reconciliation Of Assets From Segment To Consolidated [Abstract]
Assets	0.0	0.0	490.5
Other	0.0	0.0	490.5
Cash and cash equivalents	861.8	612.7	595.5
Investments in affiliates	609.9	519.6	512.7
Deferred tax assets, other current and noncurrent assets	1,908.2	1,495.1	1,500.1
Intangible assets, net	673.0	728.9	308.8
Goodwill	1,898.8	1,820.4	1,333.4
Consolidated total assets	$ 0.0	$ 0.0	$ 490.5

Pension and Postretirement Benefit Plans (Fair Value of Pension Assets) (Details) - Pension plan - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	$ 522.1	$ 494.0	$ 572.0
Government treasuries
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	73.00%	68.00%
Investment grade corporate bonds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	13.00%	2.00%
Asset or Mortgage Backed Securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	8.00%	7.00%
High-yield
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	4.00%	1.00%
Foreign
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	2.00%	22.00%
Alternative Investments, Hedge Funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	54.00%
Alternative Investments, Commodity Securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	28.00%
Alternative Investments, Insurance-Linked Securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	12.00%
Alternative Investments, Derivative Contracts
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage	6.00%
Relative value funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage		49.00%
Long-short equity funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage		30.00%
Event-driven funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage		14.00%
Credit funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Investment within plan asset category, percentage		7.00%
Total of Level 1, Level 2, and Level 3 \| Total equity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	$ 41.0	$ 21.3
Total of Level 1, Level 2, and Level 3 \| Global equities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	41.0	21.3
Total of Level 1, Level 2, and Level 3 \| Total fixed income share
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	420.8	420.5
Total of Level 1, Level 2, and Level 3 \| Aggregate fixed income
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	420.8	420.5
Total of Level 1, Level 2, and Level 3 \| Total alternative investments
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	16.3	10.0
Total of Level 1, Level 2, and Level 3 \| Hedge Funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	8.8	10.0
Total of Level 1, Level 2, and Level 3 \| Commodity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	4.5
Total of Level 1, Level 2, and Level 3 \| Insurance-linked securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	2.1
Total of Level 1, Level 2, and Level 3 \| Derivative contracts - currency forwards, interest rate swaps and options
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.9
Total of Level 1, Level 2, and Level 3 \| Miscellaneous funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	35.0	32.2
Total of Level 1, Level 2, and Level 3 \| Cash and cash equivalents
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	9.0	10.0
Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	152.3	420.5
Level 1 \| Total equity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	41.0	0.0
Level 1 \| Global equities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	41.0	0.0
Level 1 \| Total fixed income share
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	106.8	420.5
Level 1 \| Aggregate fixed income
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	106.8	420.5
Level 1 \| Total alternative investments
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	4.5	0.0
Level 1 \| Hedge Funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets
Level 1 \| Commodity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	4.5
Level 1 \| Insurance-linked securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets
Level 1 \| Derivative contracts - currency forwards, interest rate swaps and options
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0
Level 1 \| Miscellaneous funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0
Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	325.8	21.3
Level 2 \| Total equity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	21.3
Level 2 \| Global equities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	21.3
Level 2 \| Total fixed income share
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	314.0	0.0
Level 2 \| Aggregate fixed income
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	314.0	0.0
Level 2 \| Total alternative investments
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	11.8	0.0
Level 2 \| Hedge Funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	8.8
Level 2 \| Commodity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets
Level 2 \| Insurance-linked securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	2.1
Level 2 \| Derivative contracts - currency forwards, interest rate swaps and options
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.9
Level 2 \| Miscellaneous funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0
Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	35.0	32.2	41.0
Level 3 \| Total equity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0
Level 3 \| Global equities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0
Level 3 \| Total fixed income share
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0
Level 3 \| Aggregate fixed income
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0
Level 3 \| Total alternative investments
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0	0.0	2.2
Level 3 \| Hedge Funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets
Level 3 \| Commodity securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets
Level 3 \| Insurance-linked securities
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets
Level 3 \| Derivative contracts - currency forwards, interest rate swaps and options
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	0.0
Level 3 \| Miscellaneous funds
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets	$ 35.0	$ 32.2	$ 38.8

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) before Income Tax, Domestic and Foreign

The sources of income (loss) before income taxes and equity in net earnings of affiliates were as follows for the years ended December 31, 2025, 2024 and 2023 (in millions):


	2025		2024		2023
United States	$	(478.1)	$	(1,314.3)	$	(63.5)
Foreign	1,080.1		880.7		1,397.0
Income (loss) before income taxes and equity in net earnings of affiliates	$	602.0	$	(433.6)	$	1,333.5

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes by location of the taxing jurisdiction for the years ended December 31, 2025, 2024 and 2023 consisted of the following (in millions):


	2025		2024		2023
Current:
United States:
Federal	$	(13.3)	$	(4.6)	$	45.5
State	2.5		2.3		15.7
Foreign	299.9		203.3		433.6
	289.1		201.0		494.8
Deferred:
United States:
Federal	(266.1)		(104.5)		(64.1)
State	(48.6)		(22.1)		(18.7)
Foreign	(51.8)		24.0		(181.6)
	(366.5)		(102.6)		(264.4)
	$	(77.4)	$	98.4	$	230.4

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income taxes computed at the United States federal statutory income tax rate (21% for 2025) to the provision for income taxes reflected in the Company’s Consolidated Statements of Operations for the year ended December 31, 2025 is as follows (in millions):


	2025
	$		%
Provision for income taxes at United States federal statutory rate	$	126.4	21.0	%
State and local income taxes, net of federal income tax effects(1)	(46.6)		(7.7)	%
Foreign tax effects:
Germany
Statutory income tax rate differential	(13.9)		(2.3)	%
Trade tax	32.4		5.4	%
Other	(3.6)		(0.6)	%
Switzerland
Statutory income tax rate differential	(39.7)		(6.6)	%
Cantonal tax	16.3		2.7	%
Foreign jurisdiction on dividends	6.6		1.1	%
Other	4.2		0.7	%
Netherlands
Nontaxable or nondeductible (gains) losses	(52.0)		(8.6)	%
Foreign jurisdiction on dividends	8.6		1.4	%
Other	6.0		1.0	%

France
Statutory income tax rate differential	11.6		1.9	%
Other	(0.8)		(0.1)	%
Brazil
Statutory income tax rate differential	(19.4)		(3.2)	%
Brazil interest on net equity	(31.2)		(5.2)	%
Foreign withholding tax	22.3		3.7	%
Other	(5.0)		(0.8)	%
Argentina
Currency remeasurement	6.3		1.1	%
Other	6.0		1.0	%
India
Foreign withholding tax	25.0		4.2	%
Other	0.3		0.1	%
China	6.9		1.2	%
Other foreign jurisdictions	10.6		1.8	%

Effect of cross-border tax laws:
Global intangible low-taxed income, net of credits	26.6		4.4	%
Branch income and loss, net of credits	(43.8)		(7.3)	%
Subpart F, net of credits	15.7		2.6	%
Tax credits:
Research and development tax credits	(8.6)		(1.4)	%
Changes in valuation allowances	5.1		0.8	%
Nontaxable or nondeductible items	6.4		0.8	%


Changes in unrecognized tax benefits	23.7		3.9	%
Other:
United States tax restructuring(2)	(179.8)		(29.9)	%
	$	(77.4)	(12.9)	%

____________________________________

(1) State taxes in Iowa, Illinois, Kansas, and Minnesota made up the majority (greater than 50%) of the tax effect in this category.

(2) The Company's income tax provision as of December 31, 2025 includes a net federal tax benefit of $179.8 million related to a legal entity reorganization. This amount excludes approximately $42.1 million of state and local tax benefits and $39.9 million of additional benefits related to a change in the Company's permanent reinvestment assertion associated with the reorganization, which are recorded in cross-border tax effects.

As previously disclosed, prior to the adoption of ASU 2023-09, a reconciliation of income taxes computed at the United States federal statutory income tax rate (21% for 2024 and 2023) to the provision for income taxes reflected in the Company’s Consolidated Statements of Operations for the years ended December 31, 2024 and 2023 is as follows (in millions):


	2024		2023
Provision for income taxes at United States federal statutory rate	$	(91.1)	$	280.0
Impairment charges	108.1		—
State and local income taxes, net of federal income tax effects	(19.8)		(3.0)
Taxes on foreign income which differ from the United States statutory rate(1)	23.7		(193.9)
Foreign inclusion, net of foreign tax credits	42.8		13.5
Tax effect of permanent differences	13.6		(34.0)
Change in valuation allowance(1)	13.1		116.5
Change in tax contingency reserves	30.1		33.2
Research and development tax credits	(6.4)		(9.6)
Brazil Amnesty Program, net of United States foreign tax credit	—		26.4
Other, net(2)	(15.7)		1.3
	$	98.4	$	230.4

____________________________________

(1) In 2023, a gross deferred tax asset of $197.7 million less a valuation allowance of $85.4 million was recognized to reflect future Swiss tax incentives the Company anticipates it will be able to utilize by 2034 when the incentive expires.

(2) In recent decisions, the Brazilian courts have confirmed a favorable tax ruling regarding the taxability of certain state value added tax incentive benefits, which allowed the Company to record a $29.6 million reduction in the provision for income taxes during the year ended December 31, 2024. Further, in 2024, “Other, net” also includes a provision of approximately $12.7 million related to a noncontrolling interest.

Schedule of Deferred Tax Assets and Liabilities

The significant components of the deferred tax assets and liabilities at December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	112.2	$	30.3
Sales incentive discounts	84.2		117.8
Inventory valuation reserves	60.3		48.8
Pension and postretirement health care benefits	19.5		15.4
Warranty and other reserves	146.5		122.0
Research and development tax credits	13.8		0.3
Foreign tax credits	74.5		36.0
Swiss tax basis adjustment	127.5		182.8
Investment in affiliates	50.9		67.5
U.S. tax basis intangibles	207.9		—
Book over tax depreciation and amortization	22.8		—
Other	41.9		30.6
Total gross deferred tax assets	962.0		651.5
Valuation allowance	(179.5)		(147.2)
Total deferred tax assets	782.5		504.3
Deferred tax liabilities:
Tax over book depreciation and amortization	—		62.3

Other	3.5		6.0
Total deferred tax liabilities	3.5		68.3
Net deferred tax assets	$	779.0	$	436.0
Amounts recognized in Consolidated Balance Sheets:

Deferred tax assets - noncurrent	$	905.5	$	561.0

Deferred tax liabilities - noncurrent	(126.5)		(125.0)
	$	779.0	$	436.0

Summary of Valuation Allowance

Changes in the valuation allowance during the years ended December 31, 2025, 2024 and 2023 are summarized as follows (in millions):


			Additions
Description	Balance at Beginning of Period		Acquired Businesses		Charged (Credited) to Costs and Expenses(1)		Deductions(2)		Foreign Currency Translation		Balance at End of Period
Year ended December 31, 2025
Deferred tax valuation allowance	$	147.2	$	—	$	19.4	$	—	$	12.9	$	179.5
Year ended December 31, 2024
Deferred tax valuation allowance	$	149.8	$	—	$	13.1	$	(8.7)	$	(7.0)	$	147.2
Year ended December 31, 2023
Deferred tax valuation allowance	$	47.3	$	—	$	116.5	$	(16.7)	$	2.7	$	149.8

____________________________________

(1) The amounts recorded to expense in 2025 are primarily related to Switzerland and the U.S. The amounts recorded to expense in 2024 are primarily related to China and the amounts recorded to expense in 2023 are primarily related to Switzerland and the U.S. There were no amounts credited or charged through other comprehensive income during 2025, 2024 and 2023.

(2) There are no deductions in 2025. The deductions in 2024 are primarily related to reversal of valuation allowance from the divestiture of the majority of the Company's G&P business. The deductions in 2023 are primarily related to reversal of valuation allowance from the effective utilization of certain tax losses in the Brazil amnesty program.

Schedule of Paid Income Taxes

The Company paid income taxes for the year ended December 31, 2025 as follows (in millions):


	2025
U.S. federal	$	—
U.S. state and local	4.1
Foreign:
Canada	17.5
Germany
Corporate income tax	46.3
Trade tax	55.4
France	27.7
Switzerland	29.1
Brazil	22.3
India	26.4
Other foreign	54.3
Income taxes, net of amounts refunded	$	283.1

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits as of and during the years ended December 31, 2025 and 2024 is as follows (in millions):


	2025		2024
Gross unrecognized income tax benefits at the beginning of the year	$	387.4	$	351.2
Additions for tax positions of the current year	54.0		55.8
Additions for tax positions of prior years	9.1		7.4

Reductions for tax positions of prior years for:
Changes in judgments	(17.6)		(0.5)
Settlements during the year	(8.4)		—
Lapses of applicable statute of limitations	(3.9)		(2.4)
Foreign currency translation and other	49.3		(24.1)
Gross unrecognized income tax benefits at the end of the year	$	469.9	$	387.4

Segment Reporting

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company has four operating segments which are also its reportable segments which consist of the North America, South America, Europe/Middle East and Asia/Pacific/Africa regions. The Company’s reportable segments are geography based and distribute a full range of agricultural machinery and precision agriculture technology. The Company’s Chief Operating Decision Maker (“CODM”), Eric P. Hansotia, Chairman of the Board, President and Chief Executive Officer, evaluates segment performance primarily based on income from operations. The CODM utilizes income from operations to evaluate each segment’s performance including the allocation of resources. Sales for each segment are based on the location of the third-party customer. The Company’s selling, general and administrative expenses and engineering expenses are charged to each segment based on the region and division where the expenses are incurred. As a result, the components of income (loss) from operations for one segment may not be comparable to another segment. Segment results for the years ended December 31, 2025, 2024 and 2023 based on the Company’s reportable segments are as follows (in millions):


Years Ended December 31,	North America		South America		Europe/Middle East		Asia/Pacific/Africa		Total Segments		Other(1)		Total
2025
Net sales	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0	$	—	$	10,082.0
Cost of goods sold	1,303.4		901.4		4,857.6		452.8		7,515.2		—		7,515.2
Selling, general and administrative expenses	335.2		121.3		575.9		72.7		1,105.1		—		1,105.1
Engineering expenses	138.9		41.5		296.4		10.9		487.7		—		487.7
Income (loss) from operations	$	(112.0)	$	51.4	$	1,006.8	$	27.8	$	974.0	$	—	$	974.0

Depreciation	$	58.5	$	32.9	$	153.9	$	11.2	$	256.5	$	—	$	256.5
Assets	1,409.9		1,052.0		2,907.6		606.6		5,976.1		—		5,976.1
Capital expenditures	41.4		30.0		173.1		3.4		247.9		—		247.9

2024
Net sales(2)	$	2,298.3	$	1,208.5	$	6,712.3	$	626.3	$	10,845.4	$	816.5	$	11,661.9
Cost of goods sold	1,750.1		975.3		4,913.4		494.9		8,133.7		629.1		8,762.8
Selling, general and administrative expenses	333.8		101.0		553.8		88.7		1,077.3		90.2		1,167.5
Engineering expenses	130.4		45.2		283.8		11.5		470.9		22.1		493.0
Income from operations(3)	$	84.0	$	87.0	$	961.3	$	31.2	$	1,163.5	$	75.1	$	1,238.6

Depreciation	$	58.4	$	34.1	$	136.9	$	14.9	$	244.3	$	6.9	$	251.2
Assets	1,527.9		946.9		2,841.4		697.7		6,013.9		—		6,013.9
Capital expenditures	61.1		43.7		276.9		3.5		385.2		8.1		393.3

2023
Net sales(4)	$	3,138.2	$	2,078.2	$	7,385.2	$	793.1	$	13,394.7	$	1,017.7	$	14,412.4
Cost of goods sold	2,311.0		1,520.3		5,383.5		626.8		9,841.6		793.4		10,635.0
Selling, general and administrative expenses	299.0		148.0		568.1		76.2		1,091.3		113.7		1,205.0
Engineering expenses	130.1		52.1		323.6		11.6		517.4		31.4		548.8
Income from operations(5)	$	398.1	$	357.8	$	1,110.0	$	78.5	$	1,944.4	$	79.2	$	2,023.6

Depreciation	$	51.9	$	33.6	$	114.1	$	16.7	$	216.3	$	14.1	$	230.4
Assets	1,624.7		1,328.5		2,949.6		777.4		6,680.2		490.5		7,170.7
Capital expenditures	113.2		72.1		309.9		4.2		499.4		18.7		518.1

____________________________________

(1) “Other” represents the results for the years ended December 31, 2024 and 2023 for the majority of the Company’s Grain & Protein (“G&P”) business which was divested on November 1, 2024. The results of the G&P business through the date of the divestiture were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments.

(2) Of the $816.5 million of the net sales of the divested G&P business recast to “Other”, $552.0 million, $107.4 million, $100.6 million and $56.5 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively.

(3) Of the $75.1 million of the income (loss) from operations of the divested G&P business recast to “Other”, $91.8 million, $17.4 million, $(35.6) million and $1.5 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively.

(4) Of the $1,017.7 million of the net sales of the divested G&P business recast to “Other”, $614.5 million, $156.0 million, $155.3 million and $91.9 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively.

(5) Of the $79.2 million of the income (loss) from operations of the divested G&P business recast to “Other”, $61.2 million, $28.6 million, $(9.4) million and $(1.2) million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively.

A reconciliation from the segment information to the consolidated balances for income (loss) from operations and total assets is set forth below (in millions):


	2025		2024		2023
Segment income from operations	$	974.0	$	1,163.5	$	1,944.4
Other(1)	—		75.1		79.2
Corporate expenses	(176.5)		(212.3)		(204.9)
Amortization of intangibles	(71.1)		(81.0)		(57.7)
Stock compensation expense	(27.7)		(17.9)		(44.6)
Impairment charges	(10.0)		(369.5)		(4.1)
Restructuring and business optimization expenses	(82.2)		(172.7)		(11.9)
Loss on sale of business	(10.8)		(507.3)		—
Consolidated income (loss) from operations	$	595.7	$	(122.1)	$	1,700.4

Segment assets	$	5,976.1	$	6,013.9	$	6,680.2
Other(1)	—		—		490.5
Cash and cash equivalents	861.8		612.7		595.5

Investments in affiliates	609.9		519.6		512.7
Deferred tax assets, other current and noncurrent assets	1,908.2		1,495.1		1,500.1
Intangible assets, net	673.0		728.9		308.8
Goodwill	1,898.8		1,820.4		1,333.4
Consolidated total assets	$	11,927.8	$	11,190.6	$	11,421.2

____________________________________

(1) “Other” represents the results for the years ended and assets as of December 31, 2024 and 2023 for the majority of the Company’s G&P business which was divested on November 1, 2024. The results and assets of the G&P business through the date of the divestiture were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments.

Property, plant and equipment, right-of-use lease assets and amortizable intangible assets by country as of December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
United States	$	863.6	$	945.8
Germany	738.3		658.4
Brazil	220.4		200.6
Finland	339.4		282.2
France	162.3		163.8
Italy	91.6		86.0
China	56.6		59.1
Denmark	5.6		5.2
Other	270.9		231.5
	$	2,748.7	$	2,632.6

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Accounts Receivable Sales Agreements	12 Months Ended
Accounts Receivable Sales Agreements	Dec. 31, 2025
Transfers and Servicing [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. The cash received from receivables sold under these accounts receivable sales agreements that remain outstanding as of December 31, 2025 and 2024 was approximately $2.1 billion and $2.3 billion, respectively. Under the terms of the accounts receivable sales agreements in the U.S., Canada, Europe and Brazil, the Company pays an annual fee to its finance joint ventures 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 the interest rate charged by Rabobank to its affiliate, and such affiliate then lends to the AGCO Finance entities plus an agreed-upon margin. These fees are reflected within losses on the sales of receivables included within “Other expense (income), net” in the Company’s Consolidated Statements of Operations. The Company does not service the receivables after the sale occurs and does not maintain any direct retained interest in the receivables. The Company reviewed its accounting for the accounts receivable sales agreements and determined that receivables sold under these agreements 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 cash received from trade receivables sold under factoring arrangements that remain outstanding as of December 31, 2025 and 2024 was approximately $270.5 million and $220.5 million, respectively. Under these arrangements, the Company is required to continue to service the sold receivables at market rates. The Company does not maintain any direct retained interest in the receivables. The Company reviewed its accounting for the accounts receivable sales agreements and determined that receivables sold under these agreements 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 (income), net” in the Company’s Consolidated Statements of Operations, were approximately $90.3 million, $118.2 million and $148.4 million during 2025, 2024 and 2023, respectively. The Company’s finance joint ventures in Europe, Brazil and Australia also provide wholesale financing directly to the Company’s dealers. As of December 31, 2025 and 2024, these finance joint ventures had approximately $107.5 million and $139.2 million, respectively, of outstanding accounts receivable associated with these arrangements. In certain foreign countries, the Company invoices its finance joint ventures directly and the finance joint ventures retain a form of title to the goods delivered to dealers until the dealer makes payment so that the finance joint ventures can recover the goods in the event of dealer or end customer default on payment. This occurs as the laws of some foreign countries do not provide for a seller’s retention of a security interest in goods in the same manner as established in the United States Uniform Commercial Code. The only right the finance joint ventures retain with respect to the title are those enabling recovery of the goods in the event of customer default on payment. The dealer or distributor may not return equipment or replacement parts to the Company while its contract with the finance joint venture is in force, and can only return the equipment to the retail finance joint venture with penalties that would generally not make it economically beneficial to do so.

Fair Value of Financial Instrument - Narrative (Details) - Senior Notes € in Millions, $ in Millions	Dec. 31, 2025 USD ($)	Dec. 31, 2025 EUR (€)	Dec. 31, 2024 USD ($)	Mar. 21, 2024	Oct. 06, 2021
0.800% Senior notes due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate percentage					0.80%
Debt fair value	$ 664.8	€ 566.7
Debt carrying amount	703.8	€ 600.0	$ 622.7
5.450% Senior notes due 2027
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate percentage				5.45%
Debt fair value	405.4
Debt carrying amount	400.0		400.0
5.800% Senior notes due 2034
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate percentage				5.80%
Debt fair value	733.9
Debt carrying amount	$ 700.0		$ 700.0

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

+ Details

Supplier Finance Programs

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Supplier Finance Programs

SUPPLIER FINANCE PROGRAMS

The Company has supplier financing arrangements with certain banks or other intermediaries whereby a bank or intermediary purchases receivables held by the Company’s suppliers. Under the program, suppliers have the option to be paid by the bank or intermediary earlier than the payment due date. When the supplier receives an early payment, they receive discounted amounts, and the Company pays the bank or intermediary the face amount of the invoice on the payment due date. The Company does not reimburse suppliers for any costs incurred for participation in the program. The Company and its suppliers agree on the contractual terms, including prices, quantities and payment terms, regardless of whether the supplier elects to participate in the supplier finance programs. The suppliers’ voluntary inclusion in the supplier financing programs has no bearing on the Company’s payment terms. The Company has no economic interest in a supplier’s decision to participate in the programs, and the Company has no direct financial relationship with the banks or other intermediaries as it relates to the supplier finance programs. As of December 31, 2025, payment terms with the majority of the Company’s suppliers are 30 to 180 days, which correspond to the contractual terms, with rates that are based on market rates (such as SOFR) plus a credit spread. There are no assets pledged as security under the programs. As of December 31, 2025 and 2024, the amounts outstanding that remain unpaid to the banks or other intermediaries totaled $31.7 million and $50.6 million, respectively, and are reflected in “Accounts payable” in the Company’s Consolidated Balance Sheets.

The following table summarizes the activity of the Company’s supplier finance programs during the years ended December 31, 2025 and 2024 (in millions):


	2025		2024
Balance at beginning of the year	$	50.6	$	82.7
Amounts added to the programs	194.4		282.5
Amounts settled under the programs	(213.3)		(314.6)

Balance at the end of the year	$	31.7	$	50.6

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and 2024 are summarized below (in millions):


	As of December 31, 2025
	Level 1		Level 2		Level 3		Total
Derivative assets	$	—	$	20.2	$	—	$	20.2
Derivative liabilities	—		48.4		—		48.4


	As of December 31, 2024
	Level 1		Level 2		Level 3		Total
Derivative assets	$	—	$	46.0	$	—	$	46.0
Derivative liabilities	—		14.2		—		14.2

Pension and Postretirement Benefit Plans (Various Tables) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Fair value of plan assets, aggregate projected benefit obligation and accumulated benefit obligation
Fair value of plan assets	$ 33.2	$ 30.7
Projected benefit obligation	216.0	199.3
Accumulated benefit obligation	203.6	189.8
Pension plan
Defined Benefit Plan Disclosure [Line Items]
Unrecognized net actuarial losses (gains)	260.4	256.7
Unrecognized net actuarial gain	(260.4)	(256.7)
Unrecognized prior service cost	$ 28.3	29.8
Pension plan \| ENPP
Defined Benefit Plan Disclosure [Line Items]
Average amortization period of losses related to defined benefit pension plans	6 years 6 months
Pension plan \| U.S.
Fair value of plan assets, aggregate projected benefit obligation and accumulated benefit obligation
Fair value of plan assets	$ 0.0	0.0
Projected benefit obligation	108.4	102.5
Accumulated benefit obligation	$ 108.4	102.5
Pension plan \| UNITED KINGDOM
Defined Benefit Plan Disclosure [Line Items]
Average amortization period of losses related to defined benefit pension plans	16 years 3 months 18 days
Postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost	$ 4.1	4.5
Postretirement benefits \| U.S. and Brazil
Defined Benefit Plan Disclosure [Line Items]
Unrecognized net actuarial losses (gains)	1.6	(3.3)
Unrecognized net actuarial gain	(1.6)	3.3
Postretirement benefits \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Unrecognized net actuarial losses (gains)	(0.6)	(1.3)
Unrecognized net actuarial gain	$ 0.6	$ 1.3

Restructuring and Business Optimization Expenses (Restructuring Expense Activity) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 136.2	$ 7.8	$ 6.8
Provision, net of reversals	46.2	157.8	11.9
Cash activity	(111.2)	(27.2)	(9.2)
Foreign currency translation	11.6	(2.2)	(1.7)
Restructuring Reserve, Ending Balance	$ 82.8	$ 136.2	$ 7.8
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring and business optimization expenses	Restructuring and business optimization expenses	Restructuring and business optimization expenses

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

Operations and Summary of Significant Accounting Policies (Advertising Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Advertising expense	$ 40.9	$ 53.4	$ 56.4

Property, Plant, and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 4,864.9	$ 4,263.1
Accumulated depreciation and amortization	(2,868.7)	(2,444.5)
Property, plant and equipment, net	1,996.2	1,818.6
Land
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	162.5	141.8
Buildings and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	1,128.0	998.3
Machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	3,339.2	2,916.4
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 235.2	$ 206.6

Stock Compensation Plans (Restricted Stock Units) (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share Activity
Shares awarded but not earned/ vested at January 1 (in shares)	269,202
Shares awarded (in shares)	172,027
Shares forfeited (in shares)	(22,325)
Shares vested (in shares)	(125,759)
Shares awarded but not earned/ vested at December 31 (in shares)	293,145	269,202
Weighted-Average Grant Date Fair Value
Shares awarded but not earned/ vested at January 1 (in dollars per share)	$ 118.29
Shares awarded (in dollars per share)	101.91	$ 114.07	$ 134.63
Shares forfeited (in dollars per share)	112.15
Shares vested or earned (in dollars per share)	117.51
Shares awarded but not earned/ vested at December 31 (in dollars per share)	$ 109.50	$ 118.29

Derivative Instruments and Hedging Activities (Fair Value Of Derivative Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 20.2	$ 46.0
Liability derivatives	48.4	14.2
Foreign currency contracts \| Derivative instruments designated as hedging instruments
Derivatives, Fair Value [Line Items]
Other current assets	0.8	3.7
Other current liabilities	$ 2.5	$ 1.6
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Foreign currency contracts \| Derivative instruments not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Other current assets	$ 19.4	$ 26.1
Other current liabilities	$ 8.7	$ 12.6
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Cross currency swap contracts \| Derivative instruments designated as hedging instruments
Derivatives, Fair Value [Line Items]
Other noncurrent assets	$ 0.0	$ 16.2
Other noncurrent liabilities	$ 37.2	$ 0.0
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill during the years ended December 31, 2025 and 2024 are summarized as follows (in millions):


	North America		South America		Europe/ Middle East		Asia/ Pacific/Africa		Consolidated






Balance as of December 31, 2023	$	668.2	$	93.5	$	458.5	$	113.2	$	1,333.4
Acquisitions	955.6		32.5		592.4		20.4		1,600.9
Impairment charge	(354.1)		—		—		—		(354.1)
Divestiture(1)	(523.9)		(12.4)		(61.4)		(113.2)		(710.9)

Foreign currency translation	(3.0)		(18.7)		(27.2)		—		(48.9)
Balance as of December 31, 2024	742.8		94.9		962.3		20.4		1,820.4




Foreign currency translation	1.5		7.6		69.3		—		78.4
Balance as of December 31, 2025	$	744.3	$	102.5	$	1,031.6	$	20.4	$	1,898.8

_________________________________

(1) Divestiture resulting from the Company's sale of the majority of the G&P business, $507.3 million is included within “Loss on sale of business” in the Company’s Consolidated Statements of Operations and $203.6 million was divested. Refer to Note 3 for additional information.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The acquired intangible assets have a weighted average useful life as follows:


Intangible Assets						Weighted-Average Useful Life
Patents and technology						13 years
Customer relationships						16 years
Trademarks and trade names						22 years
Other						13 years

Changes in the carrying amount of acquired intangible assets during 2025 and 2024 are summarized as follows (in millions):


Gross Carrying Amounts	Trademarks and Trade Names		Customer Relationships		Patents and Technology		Other		Total

Balance as of December 31, 2023	$	194.3	$	580.7	$	148.2	$	6.3	$	929.5
Acquisitions	6.5		47.3		526.0		44.8		624.6

Divestiture	(122.7)		(434.4)		(59.2)		—		(616.3)

Foreign currency translation	(3.0)		(14.5)		(10.3)		(0.2)		(28.0)
Balance as of December 31, 2024	75.1		179.1		604.7		50.9		909.8


Impairment charge	(1.6)		—		(0.6)		—		(2.2)
Foreign currency translation	2.1		12.1		16.9		0.3		31.4
Balance as of December 31, 2025	$	75.6	$	191.2	$	621.0	$	51.2	$	939.0


Accumulated Amortization	Trademarks and Trade Names		Customer Relationships		Patents and Technology		Other		Total

Balance as of December 31, 2023	$	114.5	$	483.4	$	113.3	$	1.7	$	712.9
Amortization expense	7.4		23.0		37.2		13.4		81.0
Divestiture	(74.2)		(383.7)		(49.3)		—		(507.2)

Foreign currency translation	(2.1)		(13.1)		(6.2)		(0.2)		(21.6)
Balance as of December 31, 2024	45.6		109.6		95.0		14.9		265.1
Amortization expense	4.2		7.0		54.6		5.3		71.1

Impairment charge	(1.2)		—		(0.4)		—		(1.6)
Foreign currency translation	1.9		10.3		7.0		—		19.2
Balance as of December 31, 2025	$	50.5	$	126.9	$	156.2	$	20.2	$	353.8

Schedule of Indefinite-lived Intangible Assets by Major Class


Indefinite-Lived Intangible Assets	Trademarks and Trade Names

Balance as of December 31, 2023	$	85.9
Foreign currency translation	(2.1)
Balance as of December 31, 2024	83.8
Foreign currency translation	4.0
Balance as of December 31, 2025	$	87.8

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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-Paragraph 1
-Subparagraph (g)
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Stock Compensation Plans (Narrative) (Details) - USD ($) $ in Millions			1 Months Ended		12 Months Ended
	Jan. 28, 2026	Apr. 25, 2024	Jan. 31, 2026	Feb. 18, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Common stock, shares issuable (in shares)					150,000,000	150,000,000
Stock compensation expense					$ 28.6	$ 18.4	$ 46.4
Performance Shares
Shares granted (in shares)					441,212
Shares earned (in share)					27,052
Shares issued (in shares)				16,650
Shares withheld for taxes (in shares)				10,402
Compensation cost related to unearned performance awards					$ 29.8
Recognition period					2 years
Performance Shares \| Subsequent event
Shares granted (in shares)	228,993
Restricted Stock Units (RSUs)
Service period					3 years
Shares granted (in shares)					172,027
Compensation cost related to unearned performance awards					$ 19.2
Recognition period					1 year 6 months
Award vesting rights, share conversion ratio					1
Restricted Stock Units (RSUs) \| Subsequent event
Shares granted (in shares)	197,162
RSUs issued after shares withheld for taxes (in shares)			65,049
Shares withheld for taxes (in shares)			41,119
Restricted Stock Units (RSUs) \| Tranche one
Award vesting percentage					33.33%
Restricted Stock Units (RSUs) \| Tranche two
Award vesting percentage					33.33%
Restricted Stock Units (RSUs) \| Tranche three
Award vesting percentage					33.33%
Restricted Stock
RSUs issued after shares withheld for taxes (in shares)		16,738
Weighted-average period for compensation cost expected to be recognized					1 year
Restricted common stocks issued (in shares)		17,256
Stock compensation expense					$ 1.5
Employee Stock Purchase Plan
Stock compensation expense					$ 0.2
Discount stock purchase price percentage					10.00%
Offering period of discount stock purchase price					6 months
Minimum contribution by participant percentage					1.00%
Maximum contribution by participant percentage					10.00%
Shares authorized to be issued (in shares)					4,000,000
Remaining shares authorized (in shares)					4,000,000
2006 Long-Term Incentive Plan
Common stock, shares issuable (in shares)					10,000,000
Shares available for grant (in shares)					3,220,463
Long Term Incentive Plan
Service period					3 years
Long Term Incentive Plan \| Minimum
Target award percentages					16.50%
Long Term Incentive Plan \| Maximum
Target award percentages					200.00%

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2025

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, except for those measured using the net asset value per share (or its equivalent) practical expedient. Refer to Note 20 for a discussion of the valuation methods used to measure the fair value of the Company’s pension plan assets.

The Company enters into foreign currency, commodity 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. Refer to Note 14 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 December 31, 2025 and 2024 are summarized below (in millions):


	As of December 31, 2025
	Level 1		Level 2		Level 3		Total
Derivative assets	$	—	$	20.2	$	—	$	20.2
Derivative liabilities	—		48.4		—		48.4


	As of December 31, 2024
	Level 1		Level 2		Level 3		Total
Derivative assets	$	—	$	46.0	$	—	$	46.0
Derivative liabilities	—		14.2		—		14.2

The carrying amounts of long-term debt under the Company’s EIB Senior term loans due 2029 and 2030 and Senior term loans due between 2025 and 2028 approximate fair value based on the borrowing rates currently available to the Company for loans with similar terms and average maturities. At December 31, 2025, the estimated fair value of the Company’s 0.800% Senior notes due 2028, based on listed market values, was approximately €566.7 million (or approximately $664.8 million), compared to the carrying value of €600.0 million (or approximately $703.8 million). At December 31, 2025, the estimated fair value of the Company's 5.450% Senior notes due 2027, based on listed market values, was approximately $405.4 million compared to the carrying value of $400.0 million. At December 31, 2025, the estimated fair value of the Company's 5.800% Senior notes due 2034, based on listed market values, was approximately $733.9 million, compared to the carrying value of $700.0 million. Refer to Note 12 for additional information on the Company’s long-term debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Net Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

NET INCOME (LOSS) PER COMMON SHARE

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during each period. Diluted net income (loss) per common share assumes the exercise of outstanding stock-settled stock appreciation rights (“SSARs”) and the vesting of restricted stock units (“RSUs”) using the treasury stock method when there is no other circumstance other than the passage of time under which they would not be issued, and the effects of such assumptions are dilutive.


	2025		2024(1)		2023
Basic net income (loss) per share:
Net income (loss) attributable to AGCO Corporation	$	726.5	$	(424.8)	$	1,171.4
Weighted average number of common shares outstanding	74.4		74.6		74.8
Basic net income (loss) per share attributable to AGCO Corporation	$	9.76	$	(5.69)	$	15.66
Diluted net income (loss) per share:
Net income (loss) attributable to AGCO Corporation	$	726.5	$	(424.8)	$	1,171.4
Weighted average number of common shares outstanding	74.4		74.6		74.8
Dilutive SSARs and RSUs	0.1		0.1		0.1
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income (loss) per share	74.5		74.7		74.9
Diluted net income (loss) per share attributable to AGCO Corporation	$	9.75	$	(5.69)	$	15.63

____________________________________

(1) As the Company has reported a loss for 2024, all potentially dilutive securities are antidilutive, and accordingly, basic net loss per share equals diluted net loss per share.

Pension and Postretirement Benefit Plans (Net Periodic Pension Costs Included in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Prior service cost arising during the year	$ (0.1)	$ (0.9)	$ 0.0
Net actuarial loss arising during the year	(11.4)	(2.2)	(16.1)
Amortization of prior service cost	1.5	1.1	1.3
Amortization of net actuarial losses	5.6	7.8	7.0
Postretirement benefits
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Before Tax [Roll Forward]
Accumulated other comprehensive loss, beginning of period	(287.7)	(314.4)	(304.4)
Prior service cost arising during the year	(0.1)	(1.4)
Net loss recognized due to settlement	(0.2)	18.8	0.4
Net actuarial loss arising during the year	(15.6)	(2.7)	(21.5)
Amortization of prior service cost	1.9	1.5	1.7
Amortization of net actuarial losses	7.3	10.5	9.4
Accumulated other comprehensive loss, end of period	(294.4)	(287.7)	(314.4)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Tax [Roll Forward]
Accumulated other comprehensive loss, beginning of period	(68.9)	(75.8)	(73.2)
Prior service cost arising during the year	0.0	(0.5)
Net loss recognized due to settlement	0.0	4.8	0.0
Net actuarial loss arising during the year	(4.2)	(0.5)	(5.4)
Amortization of prior service cost	0.4	0.4	0.4
Amortization of net actuarial losses	1.7	2.7	2.4
Accumulated other comprehensive loss, end of period	(71.0)	(68.9)	(75.8)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Accumulated other comprehensive loss, beginning of period	(218.8)	(238.6)	(231.2)
Prior service cost arising during the year	(0.1)	(0.9)
Net loss recognized due to settlement	(0.2)	14.0	0.4
Net actuarial loss arising during the year	(11.4)	(2.2)	(16.1)
Amortization of prior service cost	1.5	1.1	1.3
Amortization of net actuarial losses	5.6	7.8	7.0
Accumulated other comprehensive loss, end of period	$ (223.4)	$ (218.8)	$ (238.6)

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 71.1	$ 81.0	$ 57.7
2026	67.8
2027	61.1
2028	54.5
2029	51.7
2030	50.6
External-use software, net		0.4
Discontinued Operations, Disposed of by Sale \| G&P Business
Finite-Lived Intangible Assets [Line Items]
Decrease in external-use software, net	4.6
Intangible Assets excluding Intellectual Property
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 71.1	$ 81.0	$ 57.7

Stockholders' Equity (Narrative) (Details) $ / shares in Units, $ in Millions		1 Months Ended			3 Months Ended										12 Months Ended
	Jan. 15, 2026 $ / shares	Feb. 28, 2026 shares	Nov. 30, 2025 USD ($) agreement	Jan. 31, 2024 shares	Dec. 31, 2025 USD ($) $ / shares shares	Sep. 30, 2025 $ / shares	Jun. 30, 2025 $ / shares	Mar. 31, 2025 $ / shares	Dec. 31, 2024 $ / shares shares	Sep. 30, 2024 $ / shares	Jun. 30, 2024 $ / shares	Mar. 31, 2024 $ / shares	Jun. 30, 2023 $ / shares	Mar. 31, 2023 $ / shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Jul. 09, 2025 USD ($)	Nov. 30, 2024 USD ($)	Nov. 30, 2023 USD ($)
Accelerated Share Repurchases [Line Items]
Common stock, shares authorized (in shares)					150,000,000				150,000,000						150,000,000	150,000,000
Common stock, par value (in dollars per share) \| $ / shares					$ 0.01				$ 0.01						$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)					72,629,310				74,420,952						72,629,310	74,420,952
Remaining authorized repurchase amount \| $					$ 785.0										$ 785.0
Dividends declared (in dollars per share) \| $ / shares					$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.29	$ 0.24	$ 1.16	$ 3.66	$ 6.10
Subsequent event
Accelerated Share Repurchases [Line Items]
Dividends declared (in dollars per share) \| $ / shares	$ 0.29
New Share Repurchase Program
Accelerated Share Repurchases [Line Items]
Stock repurchase program, authorized amount \| $																		$ 1,000.0
Accelerated share repurchase
Accelerated Share Repurchases [Line Items]
Stock repurchase program, authorized amount \| $			$ 250.0																$ 22.0	$ 53.0
Number of share repurchase agreements entered into \| agreement			2
Purchases and retirement of common stock (in shares)				82,883											1,997,204	228,969	371,669
Accelerated share repurchase \| Subsequent event
Accelerated Share Repurchases [Line Items]
Purchases and retirement of common stock (in shares)		333,755
2006 Long-Term Incentive Plan
Accelerated Share Repurchases [Line Items]
Common stock, shares authorized (in shares)					10,000,000										10,000,000
Shares available for grant (in shares)					3,220,463										3,220,463

Derivative Instruments and Hedging Activities (Summary Of Accumulated Other Comprehensive Loss Related To Derivatives) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Stockholders' equity, beginning of period	$ 3,742.8	$ 4,656.8	$ 3,882.6
Stockholders' equity, end of period	4,273.5	3,742.8	4,656.8
Deferred gains and losses on derivatives
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Before Tax [Roll Forward]
Accumulated derivative net gains (losses), beginning of period	11.7	(1.3)	(1.0)
Net changes in fair value of derivatives	1.2	6.7	(11.5)
Net gains (losses) reclassified from accumulated other comprehensive loss into income	(8.3)	6.3	11.2
Accumulated derivative net gains (losses), end of period	4.6	11.7	(1.3)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Tax [Roll Forward]
Accumulated derivative net gains (losses), beginning of period	2.8	(0.5)	(0.1)
Net changes in fair value of derivatives	0.4	3.3	(2.6)
Net losses (gains) reclassified from accumulated other comprehensive loss into income	(1.8)	0.0	2.2
Accumulated derivative net gains (losses), end of period	1.4	2.8	(0.5)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Stockholders' equity, beginning of period	8.9	(0.8)	(0.9)
Net changes in fair value of derivatives	0.8	3.4	(8.9)
Net losses (gains) reclassified from accumulated other comprehensive loss into income	(6.5)	6.3	9.0
Stockholders' equity, end of period	3.2	8.9	(0.8)
Deferred gains and losses on derivatives \| Foreign currency contracts
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Before Tax [Roll Forward]
Net changes in fair value of derivatives	1.2	(1.2)	(11.8)
Net gains (losses) reclassified from accumulated other comprehensive loss into income	(7.5)	6.7	11.1
Accumulated derivative net gains (losses), end of period	(0.4)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Tax [Roll Forward]
Net changes in fair value of derivatives	0.4	1.2	(2.7)
Net losses (gains) reclassified from accumulated other comprehensive loss into income	(1.6)	0.3	2.2
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Net changes in fair value of derivatives	0.8	(2.4)	(9.1)
Net losses (gains) reclassified from accumulated other comprehensive loss into income	(5.9)	6.4	8.9
Deferred gains and losses on derivatives \| Commodity contracts
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Before Tax [Roll Forward]
Net changes in fair value of derivatives		(0.3)	0.3
Net gains (losses) reclassified from accumulated other comprehensive loss into income		0.3	0.1
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Tax [Roll Forward]
Net changes in fair value of derivatives		0.0	0.1
Net losses (gains) reclassified from accumulated other comprehensive loss into income		0.0	0.0
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Net changes in fair value of derivatives		(0.3)	0.2
Net losses (gains) reclassified from accumulated other comprehensive loss into income		0.3	$ 0.1
Deferred gains and losses on derivatives \| Treasury rate locks
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Before Tax [Roll Forward]
Net changes in fair value of derivatives		8.2
Net gains (losses) reclassified from accumulated other comprehensive loss into income	(0.8)	(0.7)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Tax [Roll Forward]
Net changes in fair value of derivatives		2.1
Net losses (gains) reclassified from accumulated other comprehensive loss into income	(0.2)	(0.3)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges in Period, Net of Tax [Roll Forward]
Net changes in fair value of derivatives		6.1
Net losses (gains) reclassified from accumulated other comprehensive loss into income	$ (0.6)	$ (0.4)

Pension and Postretirement Benefit Plans (Narrative) (Details)	1 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) plan
Defined Benefit Plan Disclosure [Line Items]
Pension plan termination and settlement		$ 0	$ (18,500,000)	$ 0
Defined benefit plan, minimum contributions in the next fiscal year		2,400,000
Company contributions to defined contribution plan		$ 18,600,000	23,100,000	21,100,000
Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, long term return on plan asset term		15 years
Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, long term return on plan asset term		20 years
Non-U.S. \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, historical average return on asset mix		5.80%
Non-U.S. \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, historical average return on asset mix		7.00%
UNITED KINGDOM
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected return next fiscal year		6.20%
Pension plan
Defined Benefit Plan Disclosure [Line Items]
Pension plan termination and settlement		$ 200,000	$ (18,800,000)	$ (400,000)
Defined benefit plan, weighted average discount rate used to determine the benefit obligation	5.10%	5.00%	5.10%
Estimated benefit payments in the next fiscal year		$ 46,800,000
Benefit payments made to defined benefit pension plans and ENPP		48,000,000.0
Benefits payments		$ 42,300,000	$ 44,400,000
Pension plan \| ENPP
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, retirement income, maximum period over which benefits are paid		15 years
Defined benefit plan, minimum vesting age		50 years
Defined benefit plan, minimum service period to qualify		10 years
Defined benefit plan, minimum service period for vesting		5 years
Defined benefit plan, minimum age to receive benefits		65 years
Pension plan \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Number of plans \| plan				1
Pension plan termination and settlement	$ 18,500,000
Defined benefit plan, weighted average discount rate used to determine the benefit obligation	5.80%	5.60%	5.80%
Defined benefit plan, minimum contributions in the next fiscal year		$ 5,700,000
Pension plan \| Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, minimum contributions in the next fiscal year		9,100,000
Pension plan \| UNITED KINGDOM
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, minimum contributions in the next fiscal year		$ 100,000
Postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, weighted average discount rate used to determine the benefit obligation	7.20%	7.70%	7.20%
Health care cost trend rate assumed		7.50%
Estimated benefit payments in the next fiscal year		$ 2,100,000
Benefits payments		1,500,000	$ 1,900,000
Postretirement benefits \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Expected amortization of prior service cost in the next fiscal year		$ 0
Health care cost trend rate assumed	7.50%		7.50%
Ultimate health care cost trend rate	5.00%	5.00%	5.00%
Estimated benefit payments in the next fiscal year		$ 1,600,000
Postretirement benefits \| Brazil
Defined Benefit Plan Disclosure [Line Items]
Health care cost trend rate assumed	10.20%	10.20%	10.20%
Ultimate health care cost trend rate	4.50%	4.50%	4.50%
Estimated benefit payments in the next fiscal year		$ 400,000

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 62.2	$ 59.5
Operating cash flows from finance leases	0.1	0.1
Financing cash flows from finance leases	0.7	1.0
Leased assets obtained in exchange for lease obligations:
Operating leases	38.2	61.9
Finance leases	$ 0.5	$ 0.2

Supplier Finance Programs (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Supplier Finance Program [Line Items]
Amount outstanding reflected in accounts payable	$ 31.7	$ 50.6	$ 82.7
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current	Accounts Payable, Current
Minimum
Supplier Finance Program [Line Items]
Payment terms period	30 days
Maximum
Supplier Finance Program [Line Items]
Payment terms period	180 days

Business Divestiture (Assets and Liabilities Classified as Held for Sale) (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations $ in Millions	Nov. 01, 2024 USD ($)
Assets divested
Total assets	$ 839.2
Liabilities divested
Total current liabilities	243.5
Grain & Protein (G&P)
Assets divested
Cash and cash equivalents	25.0
Accounts and notes receivable, net	170.2
Inventories, net	171.6
Other current assets	21.6
Total current assets	388.4
Property, plant and equipment, net	101.8
Right-of-use lease assets	15.2
Other assets	16.5
Intangible assets, net	113.7
Goodwill	203.6
Liabilities divested
Accounts payable	90.4
Accrued expenses	98.4
Other current liabilities	54.7
Deferred tax liabilities	8.3
Operating lease liabilities	10.5
Other noncurrent liabilities	5.2
Total liabilities	267.5
Disposal group, net	$ 571.7

Accrued Expenses (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Payables and Accruals [Abstract]
Reserve for volume discounts and sales incentives	$ 927.2	$ 961.1
Warranty reserves	626.6	598.7
Accrued employee compensation and benefits	366.3	245.0
Accrued taxes	249.8	239.5
Accrued restructuring expenses	56.9	125.2
Other	311.9	300.1
Balance at the end of the year	$ 2,538.7	$ 2,469.6

Acquisitions

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions

ACQUISITIONS

On September 28, 2023, the Company entered into a Sale and Contribution Agreement among AGCO, Trimble Inc. (“Trimble”) and PTx Trimble, LLC (“PTx Trimble” or the “Joint Venture”), formerly known as Trimble Solutions, LLC, which was subsequently amended and restated on March 31, 2024. On April 1, 2024, pursuant to the terms of an Amended and Restated Sale and Contribution Agreement (the “Agreement”), AGCO and Trimble completed (i) the contribution by Trimble to the Joint Venture of Trimble’s OneAg business (“OneAg”), which is Trimble’s agricultural business, excluding certain Global Navigation Satellite System and guidance technologies, and $8.1 million of cash, (ii) the contribution by AGCO to the Joint Venture of its interest in JCA Industries, LLC d/b/a JCA Technologies and $46.0 million of cash, and (iii) the purchase by AGCO from Trimble of membership interests in the Joint Venture in exchange for the payment by AGCO to Trimble of $1,954.0 million in cash, subject to customary working capital and other adjustments. Immediately following the closing and as a result of the transaction, AGCO directly and indirectly owns an 85% interest in the Joint Venture and Trimble owns a 15% interest in the Joint Venture. The purchase price was funded using net proceeds from the issuance of Senior Notes due 2027 and 2034, a term loan facility and the remainder through other borrowings and cash on hand. Refer to Note 12 for further information. AGCO began consolidating PTx Trimble within its consolidated financial statements on April 1, 2024.

The Company accounted for the Joint Venture transaction as a business combination using the acquisition method of accounting which requires assets acquired and liabilities assumed to be recorded at their acquisition date fair value. The Company allocated the purchase price of the acquisition to identified assets acquired, liabilities assumed, and noncontrolling interests based on their estimated fair values as of the acquisition date. The excess of the purchase price over the aggregate fair values was recorded as goodwill. The Company calculated the fair value of the assets acquired using the income, market or cost approach (or a combination thereof). Fair values of certain assets were determined based on Level 3 inputs, including estimated future cash flows, discount rates, royalty rates, growth rates and sales projections, all of which require significant management judgment and are susceptible to change. The goodwill consists of expected future economic benefits that will arise from expected future product sales, operating efficiencies and sales channel synergies that may result from the Joint Venture. The Company has deducted the portion of the goodwill balance allocated to the U.S. business for tax purposes, whereas the goodwill allocated to the Joint Venture’s investments in foreign subsidiaries, primarily in Germany and France, was not deductible for tax purposes. The goodwill arising from the Joint Venture has been assigned to four new reporting units within our North America, South America, Europe/Middle East and Asia/Pacific/Africa operating segments.

The purchase consideration transferred consisted of the following (in millions):


	Purchase Consideration
Total cash consideration for OneAg	$	1,954.0
Working capital and other adjustments	(47.1)
Equity transaction associated with JCA noncontrolling interest (a)	3.1
Total purchase consideration	$	1,910.0

(a) Equity transaction associated with JCA noncontrolling interest

The transfer of the 15% interest in AGCO's JCA business was accounted for as an equity transaction. The adjustment to additional paid-in-capital represents the excess of the fair value of the JCA business transferred over its historical carrying amount. The fair value of the JCA business was determined using a discounted cash flow model.

The fair values of the assets acquired, liabilities assumed and noncontrolling interests as of the acquisition date are presented in the following table (in millions):


	As of April 1, 2024
Cash	$	6.3
Accounts receivable	12.3
Inventories	62.6
Other current assets	6.0
Property, plant and equipment	21.6
Deferred tax assets	0.1
Right-of-use lease assets	2.4
Other assets (non-current)	0.1
Intangible assets	624.6
Goodwill	1,592.2
Total assets acquired	$	2,328.2

Accounts payable	$	5.8
Accrued expenses	11.2
Other current liabilities	14.0
Operating lease liabilities	1.6
Deferred tax liabilities	18.0
Other noncurrent liabilities	12.5
Total liabilities assumed	$	63.1

Redeemable noncontrolling interests (b)	$	355.1

Net assets acquired	$	1,910.0

(b) Redeemable noncontrolling interests

Trimble has a put option to sell its noncontrolling interests to the Company, and the Company has a call option to redeem Trimble's noncontrolling interests. The first exercisable date of both the put and call options is April 1, 2027. The put and call options prices are based on multiples of EBITDA, subject to the terms of the Agreement. We estimated the fair value of the put and call options using a Monte Carlo simulation along with a Black Scholes model assuming an exercise date of three years from the close of the transaction, the first allowable exercise date. We evaluated the put and call options for the redeemable noncontrolling interests under ASC 480, Distinguishing Liabilities from Equity, and classified the redeemable

noncontrolling interests as mezzanine equity based on its redemption features. The amount of the net income or loss attributable to the redeemable noncontrolling interests is recorded in “Net loss attributable to noncontrolling interests” within the Company's Consolidated Statements of Operations. To the extent the redemption value exceeds the initial fair value recorded, the Company will recognize the entire change in the redemption amount each reporting period in retained earnings.

The acquired identifiable intangible assets of OneAg as of the date of the acquisition are summarized in the following table (in millions):


	Fair Value		Useful Life(1)

Developed Technology	$	526.0	7 - 15 years
Customer Relationships	47.3		20 years
Trade name	6.5		5 years
Favorable contracts	44.8		2 - 7 years
	$	624.6

____________________________________

(1) Based on available information and certain assumptions that we believe were reasonable.

The following unaudited pro forma financial information presents the consolidated results of operations as if the OneAg acquisition had occurred on January 1, 2023. OneAg's pre-acquisition results have been added to the Company's historical results. The pro forma results (in millions) contained in the table below include adjustments for (i) the elimination of sales between the Company and OneAg, (ii) amortization of acquired intangible assets, (iii) interest expense and amortization of debt issuance costs related to borrowings under the Senior Notes due 2027 and 2034 and term loan facility and (iv) transaction-related costs as if these had been incurred on January 1, 2023 for the periods ending December 31, 2024 and 2023, respectively.


	Years Ended December 31,
	2024		2023
Unaudited Consolidated Pro Forma Results
Net sales	$	11,745.3	$	14,895.7
Net income (loss) attributable to AGCO Corporation	(423.8)		1,119.7

These pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations as they would have been had the acquisitions occurred on the assumed dates, nor are they necessarily an indication of future operating results.

The amounts of PTx Trimble's net sales and net loss attributable to AGCO Corporation consolidated by the Company since the acquisition date through December 31, 2024 were $171.3 million and $350.9 million, respectively.

During the years ended December 31, 2024 and 2023, transaction-related costs of approximately $23.1 million and $16.0 million were expensed as incurred to “Selling, general and administrative expenses” in the Company's Consolidated Statements of Operations, respectively.

- Definition

The entire disclosure for business combination.

+ References

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+ Details

Accrued Expenses

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Accrued Expenses

ACCRUED EXPENSES

Accrued expenses at December 31, 2025 and 2024 consisted of the following (in millions):


	2025		2024
Reserve for volume discounts and sales incentives	$	927.2	$	961.1
Warranty reserves	626.6		598.7
Accrued employee compensation and benefits	366.3		245.0
Accrued taxes	249.8		239.5
Accrued restructuring expenses	56.9		125.2
Other	311.9		300.1
Balance at the end of the year	$	2,538.7	$	2,469.6

Operations and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

The Company’s Consolidated Financial Statements represent the consolidation of all wholly-owned companies, majority-owned companies and joint ventures in which the Company has been determined to be the primary beneficiary. The Company consolidates a variable interest entity (“VIE”) if the Company determines it is the primary beneficiary. The primary beneficiary of a VIE is the party that has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits that potentially could be significant to the VIE. The Company also consolidates all entities that are not considered VIEs if it is determined that the Company has a controlling voting interest to direct the activities that most significantly impact the joint venture or entity. For consolidated entities where our ownership interest is less than 100%, noncontrolling ownership interests are reported in our Consolidated Balance Sheets. The noncontrolling ownership interest is reported in our net income (loss), net of taxes, and is classified as “Net loss attributable to noncontrolling interests” in our Consolidated Statements of Operations. The Company records investments in affiliate companies using the equity method of accounting when it has significant influence. All significant intercompany balances and transactions have been eliminated in the Consolidated Financial Statements.

Reclassifications

Certain prior-period amounts have been reclassified in the accompanying Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The estimates made by management primarily relate to accounts and notes receivable, inventories, deferred income tax valuation allowances, uncertain tax positions, goodwill and other identifiable intangible assets, certain accrued liabilities, principally relating to reserves for volume discounts and sales incentives, warranty obligations, product liability and pension and postretirement benefits.

Foreign Currency Translation

The financial statements of the Company’s foreign subsidiaries are translated into United States currency in accordance with Accounting Standards Codification (“ASC”) 830, “Foreign Currency Matters.” Assets and liabilities are translated to United States dollars at period-end exchange rates. Income and expense items are translated at average rates of exchange prevailing during the period. Translation adjustments are included in “Accumulated other comprehensive loss” in stockholders’ equity within the Company’s Consolidated Balance Sheets. Gains and losses, which result from foreign currency transactions, are included in the accompanying Consolidated Statements of Operations.

All gains and losses resulting from AGCO Capital's remeasurement of its monetary assets and liabilities are reported in “Equity in net earnings of affiliates” within the Company's Consolidated Statements of Operations.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost, less accumulated depreciation and amortization. Depreciation is provided on a straight-line basis over the estimated useful lives of five to 40 years for buildings and improvements, three to 25 years for machinery and equipment and five to 10 years for furniture and fixtures. Expenditures for maintenance and repairs are primarily charged to expense as incurred.

Accounts and Notes Receivable

Accounts and notes receivable arise from the sale of equipment and replacement parts to independent dealers, distributors or other customers. In the United States and Canada, receivables arising from sales to dealers are immediately due upon a retail sale of the underlying equipment by the dealer. If not previously paid by the dealer in the United States and Canada, installment payments are required generally beginning after the interest-free period with the remaining outstanding equipment balance generally due within 12 months after shipment or delivery. These interest-free periods vary by product and generally range from one to 12 months. In limited circumstances, the Company provides sales terms, and in some cases,

interest-free periods that are longer than 12 months for certain products. These are typically specified programs predominantly in the United States and Canada, that allow for interest-free periods and due dates of up to 24 months for certain products depending on the year of the sale and the dealer or distributor’s ordering or sales volume during the preceding year. Interest generally is charged at or above prime lending rates on the outstanding receivable balances after shipment or delivery and after interest-free periods. Sales terms of some highly seasonal products provide for payment and due dates based on a specified date during the year regardless of the shipment date. Equipment sold to dealers in the United States and Canada is paid in full on average within 12 months of shipment. Sales of replacement parts generally are payable within 30 days of shipment, with terms for some larger, seasonal stock orders generally requiring payment within six months of shipment. Under normal circumstances, equipment may not be returned. Replacement parts are generally returnable if they meet certain criteria. The Company makes an estimate of product returns at the time of sale based on historical experience. In certain regions, with respect to most equipment sales, including the United States and Canada, the Company is obligated to repurchase equipment and replacement parts upon cancellation of a dealer or distributor contract. These obligations are required by national, state or provincial laws and require the Company to repurchase a dealer or distributor’s unsold inventory, including inventories for which the receivable already has been paid. Actual interest-free periods are shorter than described above because the equipment receivable from dealers or distributors in some countries, such as in the United States and Canada, is generally due immediately upon sale of the equipment to a retail customer as discussed above. Receivables can also be paid prior to terms specified in sales agreements. Under normal circumstances, interest is not forgiven and interest-free periods are not extended.

In other international markets, equipment sales generally are payable in full within 30 days to 180 days of shipment or delivery. Payment terms for some highly seasonal products have a specified due date during the year regardless of the shipment or delivery date. For sales in most markets outside of the United States and Canada, the Company generally does not charge interest on outstanding receivables due from its dealers and distributors. Sales of replacement parts generally are payable within 30 days to 90 days of shipment, with terms for some larger, seasonal stock orders generally payable within six months of shipment.

In certain markets, there is a time lag, which varies based on the timing and level of retail demand, between the date the Company records a sale and when the dealer sells the equipment to a retail customer.

The Company has accounts receivable sales agreements that permit transferring, on an ongoing basis, a majority of its wholesale interest-bearing and non-interest bearing accounts receivable in North America, Europe and Brazil to its U.S., Canadian, European and Brazilian finance joint ventures. Qualified dealers may obtain additional financing through the Company’s U.S., Canadian, European and Brazilian finance joint ventures at the joint ventures’ discretion.

The Company provides various volume bonus and sales incentive programs with respect to its products. These sales incentive programs include reductions in invoice prices, reductions in retail financing rates, dealer commissions and dealer incentive allowances. In most cases, incentive programs are established and communicated to the Company’s dealers on a quarterly basis. The incentives are paid either at the time of the cash settlement of the receivable (which is generally at the time of retail sale), at the time of retail financing, at the time of warranty registration, or at a subsequent time based on dealer purchase volumes. The incentive programs are product-line specific and generally do not vary by dealer. The cost of sales incentives associated with dealer commissions and dealer incentive allowances is estimated based upon the terms of the programs and historical experience, is based on a percentage of the sales price, and estimates for sales incentives are made and recorded at the time of sale for expected incentive programs using the expected value method. These estimates are reassessed each reporting period and are revised in the event of subsequent modifications to incentive programs, as they are communicated to dealers. The related provisions and accruals are made on a product or product-line basis and are monitored for adequacy and revised at least quarterly in the event of subsequent modifications to the programs. Interest rate subsidy payments, which are a

reduction in retail finance rates, are recorded in the same manner as dealer commissions and dealer incentive allowances. Volume discounts are estimated and recognized based on historical experience, and related reserves are monitored and adjusted based on actual dealer purchase volumes and the dealer’s progress towards achieving specified cumulative target levels. Estimates of these incentives are based on the terms of the programs and historical experience. All incentive programs are recorded and presented as a reduction of revenue, due to the fact that the Company does not receive a distinct good or service in exchange for the consideration provided. In the United States and Canada, reserves for incentive programs related to accounts receivable not sold to the Company’s U.S. and Canadian finance joint ventures are recorded as “Accounts receivable allowances” within the Company’s Consolidated Balance Sheets due to the fact that the incentives are paid through a reduction of future cash settlement of the receivable. Globally, reserves for incentive programs that will be paid in cash or credit memos, as is the case with most of the Company’s volume discount programs, as well as sales with incentives associated with accounts receivable sold to its finance joint ventures, are recorded within “Accrued expenses” within the Company’s Consolidated Balance Sheets.

Accounts and notes receivable are shown net of allowances for sales incentive discounts available to dealers and for credit losses. Cash flows related to the collection of receivables are reported within “Cash flows from operating activities” within the Company’s Consolidated Statements of Cash Flows. The Company maintains allowances for estimated credit losses, which are developed at a market, country, and region level based on risk of collection as well as current and forecasted economic conditions. The Company calculates the allowance based on an assessment of the risk when the accounts receivable is recognized and records within “Selling, general and administrative expenses” in the Company's Consolidated Statement of Operations. Write-offs are recorded at the time a customer receivable is deemed uncollectible.In the United States and Canada, sales incentives can be paid through future cash settlements of receivables and through credit memos to Company’s dealers or through reductions in retail financing rates paid to the Company’s finance joint ventures. Outside of the United States and Canada, sales incentives can be paid through cash or credit memos to the Company’s dealers or through reductions in retail financing rates paid to the Company’s finance joint ventures. The Company transfers certain accounts receivable under its accounts receivable sales agreements with its finance joint ventures and other financial institutions (see Note 5). The Company records such transfers as sales of accounts receivable when it is considered to have surrendered control of such receivables under the provisions of ASU 2009-16, “Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets.” Cash payments made to the Company’s finance joint ventures for sales incentive discounts provided to dealers related to outstanding accounts receivables sold are recorded within “Accrued expenses” within the Company's Consolidated Balance Sheets.

Inventories

Inventories are valued at the lower of cost or net realizable value, using the first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation.

Goodwill

Goodwill, Other Intangible Assets and Long-Lived Assets

The Company tests goodwill for impairment, at the reporting unit level, annually as of October 1st or more frequently when events or circumstances indicate that the fair value of a reporting unit is more likely than not less than its carrying value. A reporting unit is an operating segment or one level below an operating segment, for example, a component. The Company combines and aggregates two or more components of an operating segment as a single reporting unit if the components have similar economic characteristics. The Company's reportable segments are not its reporting units.

Goodwill is evaluated for impairment using a qualitative assessment or a quantitative assessment. If the Company elects to perform a qualitative assessment and determines the fair value of a reporting unit more likely than not exceeds the carrying value of the reporting unit's net assets, no further evaluation is necessary. For reporting units where the Company performs a quantitative assessment, it compares the fair value of each reporting unit to its respective carrying value of net assets, including goodwill. If the fair value of the reporting unit exceeds its carrying value of net assets, the goodwill is not considered impaired. If the carrying value of net assets is higher than the fair value of the reporting unit, an impairment charge is recorded in the amount by which the carrying value exceeds the reporting unit’s fair value.

For the quantitative impairment assessment, the Company may utilize one or a combination of valuation techniques. A discounted cash flow model (income approach) is used whereby the present value of future expected operating net cash flows are calculated using a discount rate; and a guideline public company method (market approach) is used, whereby EBITDA and/or revenue multiples are derived from the market prices of stocks of companies that are engaged in the same or similar lines of business and that are actively traded on a free and open market.

Intangible Assets and Long-Lived Assets

The Company reviews its long-lived assets, which include intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The evaluation for recoverability is performed at a level where independent cash flows may be attributed to either an asset or asset group. If the Company determines that the carrying amount of an asset or asset group is not recoverable based on the expected undiscounted future cash flows of the asset or asset group, an impairment loss is recorded equal to the excess of the carrying amounts over the estimated fair value of the long-lived assets. Estimates of future cash flows are based on many factors, including current operating results, expected market trends and competitive influences. The Company also evaluates the amortization or depreciation periods assigned to its long-lived assets to determine whether events or changes in circumstances warrant revised estimates of useful lives. Assets to be disposed of by sale are reported at the lower of the carrying amount or fair value, less estimated costs to sell.The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from three to 50 years. The acquired intangible assets have a weighted average useful life as follows:


Intangible Assets						Weighted-Average Useful Life
Patents and technology						13 years
Customer relationships						16 years
Trademarks and trade names						22 years
Other						13 years

Revenue

The Company accounts for revenue recognition pursuant to ASU 2014-09, “Revenue from Contracts with Customers.” Revenue is recognized when the Company satisfies the performance obligation by transferring control over goods or services to a dealer, distributor or other customer. The amount of revenue recognized is measured as the consideration the Company expects to receive in exchange for those goods or services pursuant to a contract with the customer. A contract exists once the Company receives and accepts a purchase order under a dealer sales agreement, or once the Company enters into a contract with an end user. The Company does not recognize revenue in cases where collectability is not probable, and defers the recognition until collection is probable or payment is received.

The Company generates revenue from the manufacture and distribution of agricultural equipment and replacement parts. Sales of equipment and replacement parts, which represent a majority of the Company’s net sales, are recorded by the Company at the point in time when title and control have been transferred to an independent dealer, distributor or other customer. Title generally passes to the dealer or distributor upon shipment or specified delivery, and the risk of loss upon damage, theft or destruction of the equipment is the responsibility of the dealer, distributor or designated third-party carrier. The Company believes control passes and the performance obligation is satisfied at the point of the stated shipping or delivery term with respect to such sales.

As previously discussed, the amount of consideration the Company receives and the revenue recognized varies with certain sales incentives the Company offers to dealers and distributors. Estimates for sales incentives are made at the time of sale for expected incentive programs using the expected value method. These estimates are revised in the event of subsequent modification to the incentive program. All incentive programs are recorded and presented as a reduction of revenue, due to the fact that the Company does not receive a distinct good or service in exchange for the consideration provided.

Dealers or distributors may not return equipment or replacement parts while their contract with the Company is in force, except for under established promotional and annual replacement parts return programs. At the time of sale, the Company estimates the amount of returns based on the terms of promotional and annual return programs and anticipated returns in the future.

Sales and other related taxes are excluded from the transaction price. Shipping and handling costs associated with freight activities after the customer has obtained control are accounted for as fulfillment costs and are expensed at the time revenue is recognized in “Cost of goods sold” and “Selling, general and administrative expenses” in the Company’s Consolidated Statements of Operations.

As afforded under the practical expedient in ASU 2014-09, the Company does not adjust the amount of revenue to be recognized under a contract with a dealer, distributor or other customer for the time value of money when the difference between the receipt of payment and the recognition of revenue is less than one year.

Although substantially all revenue is recognized at a point in time, a relatively insignificant amount of revenue is recognized on an “over time” basis as discussed below. The Company recognizes revenue “over time” with respect to extended warranty and maintenance contracts, certain precision technology services and subscriptions and certain installation revenue associated with the sale of grain storage and production systems. Extended warranty and maintenance services contracts and precision technology services and subscriptions generally have contract durations of more than 12 months. Generally, almost all of the grain storage and protein production systems contracts with customers that relate to “over time” revenue recognition have contract durations of less than 12 months.

Extended Warranty Contracts. The Company sells separately priced extended warranty contracts and maintenance contracts, which extends coverage beyond the base warranty period, or covers maintenance over a specified period. Revenue is recognized for the extended warranty contract on a straight-line basis, which the Company believes approximates the costs expected to be incurred in satisfying the obligations, over the extended warranty period. The extended warranty period for the majority of products ranges from three to five years. When payment is received in advance of the performance obligation being satisfied, or when a portion of the overall transaction price is allocated to the extended warranty offered at no cost, revenue is deferred at contract inception and a contract liability is recognized.

Precision Technology Services Revenue. The Company sells precision technology products, services and subscriptions individually (standalone) or in bundled packages. When a bundled package of technology products (hardware), services and/or subscriptions is sold, the portion of the consideration received related to the services and subscription components is recognized over time as the Company satisfies the future performance obligations. Revenue is recognized for the hardware component when control is transferred to the dealer or distributor. When payment is received in advance of the performance obligation being satisfied, or when a portion of the overall transaction price is allocated to a subscription, revenue is deferred at contract inception and a contract liability is recognized. The revenue associated with the performance obligations related to precision technology services and subscriptions is not significant. The costs of the software directly associated with the installation and functionality of precision technology products and services, including amortization and hosting costs, are reflected within “Cost of goods sold” and “Engineering expenses” within the Company’s Consolidated Statements of Operations.

Grain Storage and Protein Production Systems Installation Revenue. In certain countries, the Company sells grain storage and protein production systems where the Company is responsible for construction and installation, and the sale is contingent upon customer acceptance. Under these conditions, the revenues are recognized over the term of the contract when the Company can objectively determine control has been transferred to the customer in accordance with agreed-upon specifications in the contract. For these contracts, the Company may be entitled to receive an advance payment, which is recognized as a contract liability for the amount in excess of the revenue recognized. The Company uses the input method using costs incurred to date relative to total estimated costs at completion to measure the progress toward satisfaction of the performance obligation. Revenues are recorded proportionally as costs are incurred. Costs include labor, material and overhead. The estimation of the progress toward completion is subject to various assumptions. As part of the estimation process, the Company reviews the length of time to complete the performance obligation, the cost of materials and labor productivity. If a significant change in one of the assumptions occurs, then the Company will recognize an adjustment under the cumulative catch-up method and the impact of the adjustment on the revenue recorded to date is recognized in the period the adjustment is identified.

Refer to Note 24 for additional information regarding the Company’s sources of revenue and associated contract liabilities and performance obligations.

Research and Development Expenses

Research and development expenses are expensed as incurred and are included in “Engineering expenses” in the Company’s Consolidated Statements of Operations.

Advertising Costs

The Company expenses all advertising costs as incurred. Cooperative advertising costs normally are expensed at the time the revenue is earned.

Shipping and Handling Expenses

All shipping and handling fees charged to customers are included as a component of net sales, and are associated with freight activities after the customer has obtained control. Shipping and handling costs are accounted for as fulfillment costs and are expensed at the time revenue is recognized within “Cost of goods sold,” with the exception of certain handling costs included in “Selling, general and administrative expenses” in the amount of $53.7 million, $54.5 million and $52.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets may not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rate on deferred tax assets and liabilities is recognized in income in the period of the enactment date. See Note 19 for additional information regarding the Company’s income taxes.

Comprehensive Income (Loss)

Derivatives

The Company uses derivative and non-derivative instruments to manage its exposure to market risks, such as changes in foreign currency exchange rates, commodity prices and interest rates. The Company does not enter into derivative transactions for speculative purposes. The Company's derivative instruments are recognized as either assets or liabilities on the Consolidated Balance Sheets and measured at fair value. The accounting for changes in the fair value of each derivative financial instrument depends on whether it has been designated and qualifies as an accounting hedge, as well as the type of hedging relationship identified. Refer to

Leases

The Company leases certain land, buildings, machinery, equipment, vehicles and office and computer equipment under finance and operating leases. The Company accounts for these leases pursuant to ASU 2016-02, “Leases”. Under the standard, lessees are required to record an asset (a right-of-use “ROU” asset or finance lease asset) and a lease liability. ROU assets represent the Company’s right to use an underlying asset during the lease term while lease liabilities represent the Company’s obligation to make lease payments during the lease term. The standard allows for two types of leases for income statement recognition purposes: operating leases and finance leases. Operating leases result in the recognition of a single lease expense on a straight-line basis over the lease term whereas finance leases result in an accelerated expense. ASU 2016-02 also contains guidance regarding the identification of embedded leases in service and supply contracts, as well as the identification of lease and nonlease components of an arrangement. All leases greater than 12 months result in the recognition of an ROU asset and liability at the lease commencement date based on the present value of the lease payments over the lease term. The present value of the lease payments is calculated using the applicable weighted-average discount rate. The weighted-average discount rate is based on the discount rate implicit in the lease, or if the implicit rate is not readily determinable from the lease, then the Company estimates an applicable incremental borrowing rate. The incremental borrowing rate is estimated using the currency denomination of the lease, the contractual lease term and the Company’s applicable borrowing rate.

The Company does not recognize an ROU asset or lease liability with respect to operating leases with an initial term of 12 months or less and recognizes expense on such leases on a straight-line basis over the lease term. The Company accounts for lease components separately from nonlease components other than for real estate and office equipment. The Company evaluates its supplier agreements for the existence of leases and determined these leases comprised an insignificant portion of its supplier agreements. As such, these leases were not material to the Company’s Consolidated Balance Sheets. The Company has certain leases that contain one or more options to terminate or renew that can extend the lease term up to 13 years. Options that the Company is reasonably certain to exercise are included in the lease term. The depreciable life of ROU assets and leasehold improvements are limited by the expected lease term. The Company has certain lease agreements that include variable rental payments that are adjusted periodically for inflation based on the index rate as defined by the applicable government authority. Generally, the Company’s lease agreements do not contain any residual value guarantees or restrictive covenants.

Recent Accounting Pronouncements and New Accounting Pronouncements to be Adopted

Recent Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which requires measurement and recognition of expected versus incurred credit losses for financial assets. 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 delay applies to the Company’s equity method finance joint ventures, which were 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, impacts the results of operations and financial condition of the Company’s finance joint ventures. For the adoption of the standard by the Company’s finance joint ventures on January 1, 2023 under the modified retrospective approach, the Company recognized the cumulative effect of ASU 2016-13 as an adjustment to the opening balance of stockholders’ equity as of January 1, 2023 within “Retained earnings.” The cumulative effect was a reduction of approximately $5.5 million.

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements and requires entities to disclose its significant segment expense categories and amounts for each reportable segment. The ASU is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted the new standard effective December 31, 2024. Refer to Note 25 for further details.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The requirements will be effective for annual periods beginning after December 15, 2024, and may be applied prospectively or retrospectively. Early adoption is permitted. The Company adopted the new standard prospectively for the period ending December 31, 2025. Refer to Note 19 for further details.

New Accounting Pronouncements to be Adopted

In November 2024, the FASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires disaggregation of certain expense captions into specified natural expense categories in the disclosures within the notes to the consolidated financial statements. In addition, the guidance requires disclosure of selling expenses and its definition. The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The ASU will be applied prospectively with an option to simultaneously apply retrospectively. The updated standard will impact only our disclosures, with no impact to our financial condition or results of operations.

Product Warranty

The Company’s agricultural equipment products generally are under warranty against defects in materials 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. The Company's extended warranty period for the majority of products ranges from three to five years. Revenue is recognized for the extended warranty contracts on a straight-line basis, which the Company believes approximates the costs expected to be incurred in satisfying the obligations, over the extended warranty period. Approximately $626.6 million and $598.7 million of warranty reserves are included in “Accrued expenses” in the Company’s Consolidated Balance Sheets as of December 31, 2025 and 2024, respectively. Approximately $187.7 million and $144.3 million of warranty reserves are included in “Other noncurrent liabilities” in the Company’s Consolidated Balance Sheets as of December 31, 2025 and 2024, respectively.

The Company recognizes potential 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 the confirmation of liability for the recovery, the Company records the recovery within “Accounts and notes receivable, net” in the Company's Consolidated Balance Sheets. 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” in the Company's Consolidated Balance Sheets.

Net Income Per Common Share

Operations and Summary of Significant Accounting Policies (Shipping and Handling Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Selling, general and administrative expenses
Accounting Policies [Line Items]
Shipping and handling costs	$ 53.7	$ 54.5	$ 52.2

Pension and Postretirement Benefit Plans (Expected Future Minimum Payments) (Details) $ in Millions	Dec. 31, 2025 USD ($)
Pension plan
Defined Benefit Plan Disclosure [Line Items]
2026	$ 46.8
2027	47.9
2028	45.6
2029	46.7
2030	48.2
2031 through 2035	264.4
Total	499.6
Postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
2026	2.1
2027	2.1
2028	2.1
2029	2.2
2030	2.2
2031 through 2035	11.3
Total	$ 22.0

Operations and Summary of Significant Accounting Policies (Accounts and Notes Receivable) (Details)	12 Months Ended
	Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Time period in which remaining installment balance is generally due	12 months
Interest free period on receivables	12 months
Equipment sales \| United States and Canada
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	12 months
Replacement parts \| United States and Canada
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	30 days
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest free period on receivables	1 month
Minimum \| Equipment sales \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	30 days
Minimum \| Replacement parts \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	30 days
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest free period on receivables	12 months
Payment period on product sales	6 months
Maximum \| Large seasonal products
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest free period on receivables	24 months
Maximum \| Large seasonal products \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	6 months
Maximum \| Equipment sales \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	180 days
Maximum \| Replacement parts \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment period on product sales	90 days

Product Warranty

12 Months Ended

Dec. 31, 2025

Guarantees and Product Warranties [Abstract]

Product Warranty

PRODUCT WARRANTY

The warranty reserve activity for the years ended December 31, 2025, 2024 and 2023, including deferred revenue associated with the Company's extended warranties that have been sold, was as follows (in millions):


	2025		2024		2023
Balance at beginning of the year	$	743.0	$	800.8	$	640.0
Acquisitions	—		4.1		—
Accruals for warranties issued	413.5		396.3		464.9
Settlements made and deferred revenue recognized	(415.2)		(401.0)		(328.7)
Divestiture	—		(6.2)		—
Foreign currency translation	73.0		(51.0)		24.6
Balance at the end of the year	$	814.3	$	743.0	$	800.8

Income Taxes (Income before Income Tax, Domestic and Foreign) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
United States	$ (478.1)	$ (1,314.3)	$ (63.5)
Foreign	1,080.1	880.7	1,397.0
Income (loss) before income taxes and equity in net earnings of affiliates	$ 602.0	$ (433.6)	$ 1,333.5

- Definition

Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

+ Details

Derivative Instruments and Hedging Activities (Notional Value and Change in Fair Value of Net Investment Hedges) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss), After-Tax Amount			$ 3.1
Derivative instruments designated as hedging instruments \| Cross currency swap contracts \| Net investment hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 600.0	$ 600.0
Gain (Loss) Recognized in Other Comprehensive Income (Loss), Before-Tax Amount	(53.4)	(4.1)	(12.7)
Gain (Loss) Recognized in Other Comprehensive Income (Loss), Income Tax Expense (Benefit)	(13.7)	(1.1)	(3.3)
Gain (Loss) Recognized in Other Comprehensive Income (Loss), After-Tax Amount	$ (39.7)	$ (3.0)	$ (9.4)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

Accrued expenses at December 31, 2025 and 2024 consisted of the following (in millions):


	2025		2024
Reserve for volume discounts and sales incentives	$	927.2	$	961.1
Warranty reserves	626.6		598.7
Accrued employee compensation and benefits	366.3		245.0
Accrued taxes	249.8		239.5
Accrued restructuring expenses	56.9		125.2
Other	311.9		300.1
Balance at the end of the year	$	2,538.7	$	2,469.6

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 112.2	$ 30.3
Sales incentive discounts	84.2	117.8
Inventory valuation reserves	60.3	48.8
Pension and postretirement health care benefits	19.5	15.4
Warranty and other reserves	146.5	122.0
Research and development tax credits	13.8	0.3
Foreign tax credits	74.5	36.0
Swiss tax basis adjustment	127.5	182.8	$ 197.7
Investment in affiliates	50.9	67.5
U.S. tax basis intangibles	207.9	0.0
Book over tax depreciation and amortization	22.8	0.0
Other	41.9	30.6
Total gross deferred tax assets	962.0	651.5
Valuation allowance	(179.5)	(147.2)
Total deferred tax assets	782.5	504.3
Deferred tax liabilities:
Tax over book depreciation and amortization	0.0	62.3
Other	3.5	6.0
Total deferred tax liabilities	3.5	68.3
Net deferred tax assets	779.0	436.0
Amounts recognized in Consolidated Balance Sheets:
Deferred tax assets - noncurrent	905.5	561.0
Deferred tax liabilities - noncurrent	$ (126.5)	$ (125.0)

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Atlanta, Georgia

Indebtedness

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Indebtedness

INDEBTEDNESS

Long-term debt consisted of the following at December 31, 2025 and 2024 (in millions):


	December 31, 2025		December 31, 2024
Credit Facility, expires 2027	$	—	$	—
5.450% Senior notes due 2027	400.0		400.0
5.800% Senior notes due 2034	700.0		700.0
0.800% Senior notes due 2028	703.8		622.7
1.002% EIB Senior term loan due 2025	—		259.5
EIB Senior term loan due 2029	293.3		259.5
EIB Senior term loan due 2030	199.4		176.4
Senior term loans due between 2025 and 2028	97.9		152.0

Debt issuance costs	(9.7)		(12.0)
	2,384.7		2,558.1

Less:

1.002% EIB Senior term loan due 2025	—		(259.5)
Senior term loans due 2025	—		(65.3)
Senior term loans due 2026	(61.6)		—
Total long-term indebtedness	$	2,323.1	$	2,233.3

At December 31, 2025, the aggregate scheduled maturities of long-term debt, excluding the current portion of long-term debt, are as follows (in millions):


2027	$	397.2
2028	738.6
2029	293.0
2030	199.3
Thereafter	695.0
	$	2,323.1

Cash payments for interest were approximately $121.9 million, $125.5 million and $60.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Credit Facility

The Company has a credit facility providing for a $1.25 billion multi-currency unsecured revolving credit facility (“Credit Facility”) that matures on December 19, 2027. The Credit Facility consists of a $325.0 million United States dollar tranche and a $925.0 million multi-currency tranche for loans denominated in United States Dollars, Euros or other currencies to be agreed upon. Interest accrues on amounts outstanding for any borrowings denominated in United States dollars, at the Company’s option, at either (1) the Secured Overnight Financing Rate (“SOFR”) plus 0.1% plus a margin ranging from 0.875% to 1.875% based on the Company’s credit rating, or (2) the base rate, which is the highest of (i) the Prime Rate, (ii) the Federal Funds Effective Rate plus 0.5%, and (iii) Term SOFR for a one-month tenor plus 1.0%, plus a margin ranging from 0.000% to 0.875% based on the Company’s credit rating. Interest accrues on amounts outstanding for any borrowings denominated in Euros at the Euro Interbank Offered Rate (“EURIBOR”) plus a margin ranging from 0.875% to 1.875% based on the Company’s credit rating. In May 2025, the Company amended the Credit Facility with respect to the net leverage ratio financial covenant requirements for the remainder of 2025 and in the event of a future material acquisition. As of December 31, 2025, the

Company had no outstanding borrowings under the revolving credit facility and had the ability to borrow $1,250.0 million.

Uncommitted Credit Facility

The Company has an uncommitted revolving credit facility that allows the Company to borrow up to €200.0 million (or approximately $234.6 million as of December 31, 2025). The credit facility expires on December 31, 2026. Any loans will bear interest at the EURIBOR plus a credit spread. As of December 31, 2025 and December 31, 2024, the Company had no outstanding borrowings under the revolving credit facility.

5.450% Senior Notes due 2027 and 5.800% Senior Notes due 2034

On March 21, 2024, the Company issued (i) $400.0 million aggregate principal amount of 5.450% Senior Notes due 2027 (the “2027 Notes”) and (ii) $700.0 million aggregate principal amount of 5.800% Senior Notes due 2034 (the “2034 Notes”, and together with the 2027 Notes, the “Notes”). The Notes are unsecured and guaranteed on a senior unsecured basis by AGCO International Holdings B.V., AGCO International GmbH and Massey Ferguson Corp., direct and indirect subsidiaries of the Company (collectively, the “Guarantors”). The 2027 Notes mature on March 21, 2027, and interest is payable semi-annually, in arrears, at 5.450%. The 2034 Notes mature on March 21, 2034, and interest is payable semi-annually, in arrears, at 5.800%. The Notes contain covenants restricting among other things, the incurrence of certain secured indebtedness.

Prior to February 21, 2027, in the case of the 2027 Notes, and December 21, 2033, in the case of the 2034 Notes, the Company may redeem the 2027 Notes and/or the 2034 Notes at its option, in whole or in part, at any time and from time to time, at the applicable “make-whole” redemption price (calculated as set forth in the Senior Note Indenture and First Supplemental Indenture and applicable series of the Notes). On or after February 21, 2027, in the case of the 2027 Notes, and December 21, 2033, in the case of the 2034 Notes, the Company may redeem the 2027 Notes or the 2034 Notes, as the case may be, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date.

0.800% Senior Notes Due 2028

On October 6, 2021, the Company issued €600.0 million (or approximately $703.8 million as of December 31, 2025) of senior notes at an issue price of 99.993%. The notes mature on October 6, 2028, and interest is payable annually, in arrears, at 0.800%. The senior notes contain covenants restricting, among other things, the incurrence of certain secured indebtedness. The senior notes are subject to both optional and mandatory redemption in certain events.

1.002% European Investment Bank (“EIB”) Senior Term Loan Due 2025

On January 24, 2025, the Company repaid €250.0 million (or approximately $262.3 million) upon maturity of the EIB Senior term loan due 2025.

EIB Senior Term Loans due 2029 and 2030

On September 29, 2023, the Company entered into a multi-currency Finance Contract with the EIB permitting the Company to borrow up to €250.0 million to fund up to 50% of certain investments in research, development and innovation primarily in Germany, France and Finland during the period from 2023 through 2026. On October 26, 2023, the Company borrowed €250.0 million (or approximately $293.3 million as of December 31, 2025) under the arrangement. The loan matures on October 26, 2029. The loan generally can be prepaid at any time upon the election of the Company and must be prepaid upon the occurrence of certain events. Interest is payable on the term loan at 3.980% per annum, payable semi-annually in arrears. The Company also has to fulfill financial covenants with respect to a net leverage ratio and an interest coverage ratio.

On January 25, 2024, the Company entered into an additional multi-currency Finance Contract with the EIB permitting the Company to borrow up to €170.0 million, for which the proceeds will be used in a similar manner as described for the EIB Senior Term Loan due 2029 above. On February 15, 2024, the Company borrowed €170.0 million (or approximately $199.4 million as of December 31, 2025) under the arrangement. The loan matures on February 15, 2030. The loan generally can be prepaid at any time upon the election of the Company and must be prepaid upon the occurrence of certain events. Interest is payable on the term loan at 3.416% per annum, payable semi-annually in arrears. The Company also has to fulfill financial covenants with respect to a net leverage ratio and an interest coverage ratio.

Senior Term Loans Due Between 2025 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, the Company repaid an aggregate amount of €322.5 million in October 2019, October 2021, April 2022 and October 2023. In August 2025, the Company repaid €63.0 million (or approximately $72.8 million) upon maturity of the Senior term loans due 2025. Of the 2018 senior loans, the Company repaid an aggregate amount of €307.0 million in August 2021, February 2022, August 2023 and August 2025.

In aggregate, as of December 31, 2025, the Company had indebtedness of €83.5 million (or approximately $97.9 million as of December 31, 2025) through a group of two remaining related term loan agreements. The provisions of the term loan agreements are substantially identical, with the exception of interest rate terms and maturities. As of December 31, 2025, interest is payable in arrears on an annual basis, with interest rates ranging from 1.983% to 2.256% and maturity dates between October 2026 and August 2028.

Other Short-Term Borrowings

As of December 31, 2025 and 2024, the Company had short-term borrowings due within one year, excluding the current portion of long-term debt, of approximately $56.1 million and $90.4 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 December 31, 2025 and 2024, outstanding letters of credit totaled $14.0 million and $13.2 million, respectively.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2025
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Rabobank, a financial institution based in the Netherlands, is a 51% owner in the Company’s finance joint ventures, which are located in the United States, Canada, Europe, Brazil, Argentina and Australia. Rabobank is also the principal agent and participant in the Company’s revolving credit facility (see Note 12). The majority of the assets of the Company’s finance joint ventures represents finance receivables. The majority of the liabilities represents notes payable and accrued interest. Under the various joint venture agreements, Rabobank or its affiliates provide financing to the joint venture companies, primarily through lines of credit. During 2025, the Company loaned its Argentine finance joint venture, AGCO Capital Argentina S.A. (“AGCO Capital”), $11.3 million, which is outstanding as of December 31, 2025. During 2025, the Company made approximately $11.5 million of additional investment in its finance joint venture in France. During 2025, 2024 and 2023, respectively, the Company made a total of approximately $10.3 million, $12.0 million and $24.6 million of additional investments in its finance joint venture in Brazil. During 2025, 2024, and 2023, the Company received approximately $18.3 million, $13.7 million and $28.9 million, respectively, of dividends from certain of its finance joint ventures. The Company’s finance joint ventures provide retail financing and wholesale financing to its dealers. The terms of the financing arrangements offered to the Company’s dealers are similar to arrangements the finance joint ventures provide to unaffiliated third parties. In addition, the Company transfers, on an ongoing basis, a majority of its wholesale receivables in North America, Europe and Brazil to its U.S., Canadian, European and Brazilian finance joint ventures (see Note 5). The Company has outstanding guarantees of residual values that may be owed to its finance joint ventures in the U.S. and Canada upon the expiration of certain eligible operating leases and also has guarantees with its other finance joint ventures (see Note 22). In addition, as part of sales incentives provided to end users, the Company may from time to time subsidize interest rates of retail financing provided by its finance joint ventures. The cost of those programs is recognized at the time of sale to the Company’s dealers (see Note 1). As of June 30, 2025, the Company entered into several agreements with Tractors and Farm Equipment Limited (“TAFE”), including the ones described further below among others, to resolve all outstanding disputes and other matters related to the commercial relationship between AGCO and TAFE as well as TAFE's shareholding in AGCO, ownership and use of the Massey Ferguson brand in India and certain other countries, and other key governance issues between the parties. Specifically as it relates to AGCO's shareholding in TAFE, the Company and TAFE entered into a Buyback Agreement (the “Buyback Agreement”) pursuant to which TAFE will repurchase the Company’s remaining shareholdings in TAFE for an aggregate amount of $260 million. On September 30, 2025, AGCO completed the sale to TAFE of AGCO’s ownership interest in TAFE for an aggregate amount of $260 million, with after-tax proceeds from the sale totaling approximately $230 million and recorded a gain of $251.9 million on the sale of the investment in affiliate within “Other expense (income), net” in the Company’s Consolidated Statements of Operations. As part of the sale process, the substantive provisions of the agreements AGCO entered into with TAFE on June 30, 2025 became effective, and the Amended and Restated Letter Agreement between AGCO and TAFE dated April 24, 2019, as most recently amended on July 7, 2025, expired. Settlement Agreements On June 30, 2025, the Company and TAFE entered into an Arbitrations Settlement Agreement and an India Litigation Settlement Agreement (collectively, the “Settlement Agreements”) pursuant to which the parties agreed to resolve claims arising from the Company’s termination of various commercial and brand agreements with TAFE and related arbitrations and litigation. Under the Settlement Agreements, the parties agreed to mutually release any and all claims against one another. Intellectual Property Agreement On June 30, 2025, the Company and TAFE entered into an Intellectual Property Agreement (the “Intellectual Property Agreement”) pursuant to which TAFE will take ownership of the Massey Ferguson brand in India, Nepal and Bhutan, having previously been a brand licensee for over 60 years, and the Company will retain certain protective rights, including rights of first refusal upon a proposed transfer of these intellectual property assets. The Intellectual Property Agreement also provides for certain customary confidentiality provisions. Buyback Agreement On June 30, 2025, the Company and TAFE entered into a Buyback Agreement (the “Buyback Agreement”) pursuant to which TAFE will repurchase the Company’s remaining shareholdings in TAFE for an aggregate amount of $260 million. As discussed above, AGCO completed the sale to TAFE of AGCO's ownership interest in TAFE on September 30, 2025. Cooperation Agreement On June 30, 2025, the Company and TAFE entered into a Cooperation Agreement (the “Cooperation Agreement”) pursuant to which TAFE agreed to standstill provisions with respect to its actions with regard to the Company, including the limitation on TAFE purchasing additional shares of the Company that would increase its holdings above its current percentage of outstanding shares, the requirement to vote its shares of the Company in accordance with recommendations from the Company’s Board of Directors and not engaging in future public stockholder activism. The standstill provisions do not expire. TAFE retained the discretion to vote independently on any publicly-announced proposals related to an Extraordinary Transaction (as defined in the Cooperation Agreement). The Cooperation Agreement releases TAFE from the restriction on purchasing shares in the Company following certain events such as (i) the Company’s public announcement of a possible sale of the Company, (ii) any person commencing a Board-approved public tender to acquire the Company, (iii) certain persons (other than TAFE) acquiring 12.5% or more of the Company’s outstanding shares, (iv) any person commencing a Qualified Tender Offer (as defined in the Cooperation Agreement), (v) any person commencing a public tender offer by filing a Schedule TO, or (vi) any person publicly announcing its intention to commence a public tender offer or makes a public offer. TAFE also agreed to participate pro rata in the Company’s share repurchase programs as authorized by the Company’s Board of Directors from time to time, but retains the right to maintain its current percentage level of beneficial ownership of the Company’s Common Stock. As of December 31, 2025, TAFE beneficially owned 12,150,152 shares of the Company’s common stock. In April 2024, the Company terminated all of its commercial relationships with TAFE and does not expect to incur material purchases. During 2025, 2024 and 2023, the Company purchased approximately $55.2 million, $165.9 million and $171.6 million, respectively, of tractors and components from TAFE. During 2025, 2024 and 2023, the Company sold approximately $0.1 million, $5.0 million and $3.6 million, respectively, of parts to TAFE. The Company received dividends from TAFE of approximately $0.7 million, $3.3 million and $2.9 million during 2025, 2024 and 2023, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Acquisitions (Pro Forma Financial Information) (Details) - OneAg - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Business Combination [Line Items]
Net sales	$ 11,745.3	$ 14,895.7
Net income (loss) attributable to AGCO Corporation	$ (423.8)	$ 1,119.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Goodwill and Other Intangible Assets (Schedule of Change in Carrying Amount of Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Gross Carrying Amounts
Balance at beginning of period	$ 909.8	$ 929.5
Acquisitions		624.6
Divestiture		(616.3)
Foreign currency translation	31.4	(28.0)
Impairment charge	(2.2)
Balance at end of period	$ 939.0	909.8	$ 929.5
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment charges
Accumulated Amortization
Balance at beginning of period	$ 265.1	712.9
Amortization expense	71.1	81.0	57.7
Divestiture		(507.2)
Impairment charge	(1.6)
Foreign currency translation	19.2	(21.6)
Balance at end of period	353.8	265.1	712.9
Trademarks and Trade Names
Gross Carrying Amounts
Balance at beginning of period	75.1	194.3
Acquisitions		6.5
Divestiture		(122.7)
Foreign currency translation	2.1	(3.0)
Impairment charge	(1.6)
Balance at end of period	75.6	75.1	194.3
Accumulated Amortization
Balance at beginning of period	45.6	114.5
Amortization expense	4.2	7.4
Divestiture		(74.2)
Impairment charge	(1.2)
Foreign currency translation	1.9	(2.1)
Balance at end of period	50.5	45.6	114.5
Customer Relationships
Gross Carrying Amounts
Balance at beginning of period	179.1	580.7
Acquisitions		47.3
Divestiture		(434.4)
Foreign currency translation	12.1	(14.5)
Impairment charge	0.0
Balance at end of period	191.2	179.1	580.7
Accumulated Amortization
Balance at beginning of period	109.6	483.4
Amortization expense	7.0	23.0
Divestiture		(383.7)
Impairment charge	0.0
Foreign currency translation	10.3	(13.1)
Balance at end of period	126.9	109.6	483.4
Patents and Technology
Gross Carrying Amounts
Balance at beginning of period	604.7	148.2
Acquisitions		526.0
Divestiture		(59.2)
Foreign currency translation	16.9	(10.3)
Impairment charge	(0.6)
Balance at end of period	621.0	604.7	148.2
Accumulated Amortization
Balance at beginning of period	95.0	113.3
Amortization expense	54.6	37.2
Divestiture		(49.3)
Impairment charge	(0.4)
Foreign currency translation	7.0	(6.2)
Balance at end of period	156.2	95.0	113.3
Other
Gross Carrying Amounts
Balance at beginning of period	50.9	6.3
Acquisitions		44.8
Divestiture		0.0
Foreign currency translation	0.3	(0.2)
Impairment charge	0.0
Balance at end of period	51.2	50.9	6.3
Accumulated Amortization
Balance at beginning of period	14.9	1.7
Amortization expense	5.3	13.4
Divestiture		0.0
Impairment charge	0.0
Foreign currency translation	0.0	(0.2)
Balance at end of period	$ 20.2	$ 14.9	$ 1.7

Operations and Summary of Significant Accounting Policies (Recent Accounting Pronouncements) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect to stockholders' equity	$ (4,273.5)	$ (3,742.8)	$ (4,656.8)	$ (3,882.6)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect to stockholders' equity				5.5
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect to stockholders' equity	$ (6,047.2)	$ (5,645.0)	$ (6,360.0)	(5,654.6)
Retained Earnings \| Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect to stockholders' equity				$ 5.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

Cash and cash equivalents reported in the Consolidated Balance Sheets as of December 31, 2025, 2024 and 2023 and cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023 are as follows (in millions):


	December 31, 2025		December 31, 2024		December 31, 2023
Cash(1)	$	424.5	$	342.5	$	463.8
Cash equivalents(2)	436.6		269.5		131.2
Restricted cash(3)	0.7		0.7		0.5
Total	$	861.8	$	612.7	$	595.5

____________________________________

(1) Consisted primarily of cash on hand and bank deposits.

(2) Consisted primarily of money market deposits, certificates of deposit and overnight investments. The Company considers all investments with an original maturity of three months or less to be cash equivalents.

(3) Consisted primarily of cash in escrow or held as a guarantee.

Accounts Receivable Outstanding as a Percent of Net Sales

The following summarizes by geographic region, as a percentage of the Company’s consolidated net sales, amounts with maximum interest-free periods as presented below (in millions):


Year Ended December 31, 2025	North America		South America		Europe/ Middle East		Asia/ Pacific/Africa		Consolidated
0 to 6 months	$	1,157.0	$	1,115.6	$	6,726.8	$	564.2	$	9,563.6	94.9	%
7 to 12 months	495.0		—		9.9		—		504.9		5.0	%
13 to 24 months	13.5		—		—		—		13.5		0.1	%

	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0	100.0	%

Trade Allowances and Sales Incentive Discounts

Accounts and notes receivable allowances at December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Sales incentive discounts	$	24.6	$	57.8
Allowance for credit losses	49.9		41.8
	$	74.5	$	99.6

Schedule of Accounts Receivable Allowance for Credit Losses


			Additions
Description	Balance at Beginning of Period		Acquired Businesses		Charged to Costs and Expenses		Write-offs		Deductions(1)		Foreign Currency Translation		Balance at End of Period
Year ended December 31, 2025
Allowances for credit losses	$	41.8	$	—	$	7.0	$	(1.9)	$	—	$	3.0	$	49.9
Year ended December 31, 2024
Allowances for credit losses	$	31.9	$	—	$	22.0	$	(4.2)	$	(5.5)	$	(2.4)	$	41.8
Year ended December 31, 2023
Allowances for credit losses	$	31.3	$	—	$	4.2	$	(4.6)	$	—	$	1.0	$	31.9

____________________________________

(1) Deductions are the result of the sale of the majority of the Company's Grain & Protein business. Refer to Note 3 for additional information.

Schedule of Notes Receivable Allowance for Credit Losses


			Additions
Description	Balance at Beginning of Period		Acquired Businesses		Charged to Costs and Expenses		Write-offs		Deductions(1)		Foreign Currency Translation		Balance at End of Period
Year ended December 31, 2025
Allowances for credit losses	$	41.8	$	—	$	7.0	$	(1.9)	$	—	$	3.0	$	49.9
Year ended December 31, 2024
Allowances for credit losses	$	31.9	$	—	$	22.0	$	(4.2)	$	(5.5)	$	(2.4)	$	41.8
Year ended December 31, 2023
Allowances for credit losses	$	31.3	$	—	$	4.2	$	(4.6)	$	—	$	1.0	$	31.9

____________________________________

(1) Deductions are the result of the sale of the majority of the Company's Grain & Protein business. Refer to Note 3 for additional information.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The acquired intangible assets have a weighted average useful life as follows:


Intangible Assets						Weighted-Average Useful Life
Patents and technology						13 years
Customer relationships						16 years
Trademarks and trade names						22 years
Other						13 years

Changes in the carrying amount of acquired intangible assets during 2025 and 2024 are summarized as follows (in millions):


Gross Carrying Amounts	Trademarks and Trade Names		Customer Relationships		Patents and Technology		Other		Total

Balance as of December 31, 2023	$	194.3	$	580.7	$	148.2	$	6.3	$	929.5
Acquisitions	6.5		47.3		526.0		44.8		624.6

Divestiture	(122.7)		(434.4)		(59.2)		—		(616.3)

Foreign currency translation	(3.0)		(14.5)		(10.3)		(0.2)		(28.0)
Balance as of December 31, 2024	75.1		179.1		604.7		50.9		909.8


Impairment charge	(1.6)		—		(0.6)		—		(2.2)
Foreign currency translation	2.1		12.1		16.9		0.3		31.4
Balance as of December 31, 2025	$	75.6	$	191.2	$	621.0	$	51.2	$	939.0


Accumulated Amortization	Trademarks and Trade Names		Customer Relationships		Patents and Technology		Other		Total

Balance as of December 31, 2023	$	114.5	$	483.4	$	113.3	$	1.7	$	712.9
Amortization expense	7.4		23.0		37.2		13.4		81.0
Divestiture	(74.2)		(383.7)		(49.3)		—		(507.2)

Foreign currency translation	(2.1)		(13.1)		(6.2)		(0.2)		(21.6)
Balance as of December 31, 2024	45.6		109.6		95.0		14.9		265.1
Amortization expense	4.2		7.0		54.6		5.3		71.1

Impairment charge	(1.2)		—		(0.4)		—		(1.6)
Foreign currency translation	1.9		10.3		7.0		—		19.2
Balance as of December 31, 2025	$	50.5	$	126.9	$	156.2	$	20.2	$	353.8

Schedule of Components of Interest Expense, Net

Interest expense, net for the years ended December 31, 2025, 2024 and 2023 consisted of the following (in millions):


	2025		2024		2023
Interest expense	$	123.0	$	159.3	$	68.8
Interest income	(56.6)		(66.3)		(64.2)
	$	66.4	$	93.0	$	4.6

Schedule of Comprehensive Income (Loss)

The components of other comprehensive income (loss) and the related tax effects for the years ended December 31, 2025, 2024 and 2023 are as follows (in millions):


	AGCO Corporation						Redeemable Noncontrolling Interests
	2025						2025
	Before-tax Amount		Income Taxes		After-tax Amount		After-tax Amount
Defined pension and postretirement benefit plans	$	(6.7)	$	2.1	$	(4.6)	$	—
Deferred gains and losses on derivatives	(7.1)		1.4		(5.7)		—
Foreign currency translation adjustments	138.3		—		138.3		6.6
Total components of other comprehensive income	$	124.5	$	3.5	$	128.0	$	6.6


	AGCO Corporation						Redeemable and Nonredeemable Noncontrolling Interests
	2024						2024
	Before-tax Amount		Income Taxes		After-tax Amount		After-tax Amount
Defined pension and postretirement benefit plans	$	26.7	$	(6.9)	$	19.8	$	—
Deferred gains and losses on derivatives	13.0		(3.3)		9.7		—
Foreign currency translation adjustments	(224.3)		—		(224.3)		(2.3)
Total components of other comprehensive loss	$	(184.6)	$	(10.2)	$	(194.8)	$	(2.3)


	AGCO Corporation						Noncontrolling Interests
	2023						2023
	Before-tax Amount		Income Taxes		After-tax Amount		After-tax Amount
Defined pension and postretirement benefit plans	$	(10.0)	$	2.6	$	(7.4)	$	—
Deferred gains and losses on derivatives	(0.3)		0.4		0.1		—
Foreign currency translation adjustments	102.3		—		102.3		—
Total components of other comprehensive income	$	92.0	$	3.0	$	95.0	$	—

Operations and Summary of Significant Accounting Policies (Leases) (Details)	Dec. 31, 2025
Maximum
Accounting Policies [Line Items]
Lessor, operating lease, renewal term	13 years

Operations and Summary of Significant Accounting Policies (Property Plant and Equipment) (Details)	Dec. 31, 2025
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment useful life	5 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment useful life	3 years
Minimum \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment useful life	5 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment useful life	40 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment useful life	25 years
Maximum \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment useful life	10 years

Operations and Summary of Significant Accounting Policies (Goodwill and Other Intangible Assets and Long-Lived Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2025
Accounting Policies [Line Items]
Goodwill impairment charge	$ 354.1
Accumulated goodwill impairment		$ 708.2
PTx Trimble North America
Accounting Policies [Line Items]
Goodwill impairment charge	$ 351.0

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

Commitments and Contingencies (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Guarantor Obligations [Line Items]
Interest payments to be paid in the next fiscal year	$ 116.6
Unconditional purchase obligations to be paid in the next fiscal year	161.6
Uncertain income tax provisions to be paid in the next fiscal year	3.8	$ 9.3
Defined benefit plan, minimum contributions in the next fiscal year	2.4
AGCO Capital Argentina S.A
Guarantor Obligations [Line Items]
Guarantor obligations, current carrying value	82.6
U.S. and Canada Finance Joint Ventures
Guarantor Obligations [Line Items]
Guarantor obligations, current carrying value	11.6
Guarantor obligation maximum exposure	$ 224.1

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity Protecting the security of our information systems is of significant importance to us, and we are committed to our focus on cybersecurity and systemic risks. We have an enterprise risk assessment process which specifically addresses risks associated with cybersecurity. Additionally, we have a crisis management plan that outlines the structure, roles, responsibilities and operating procedures to utilize during potentially significant events that could negatively impact the Company. As part of the crisis management plan, we have a cybersecurity incident response plan in place that provides a documented framework for handling high severity security incidents and includes facilitated coordination across multiple functions of the Company. Our incident response plan also includes identifying and responding to material risks from cybersecurity threats associated with our use of third-party service providers. We invest in threat intelligence and are active participants in industry and government forums to strive to improve our overall capabilities with respect to cybersecurity. We routinely perform reviews of threat intelligence and vulnerability management capabilities, while performing simulations and drills at both technical and management levels. We incorporate external expertise in all aspects of our program utilizing industry practice guidance from third-party cybersecurity advisors to provide objective assessments of our capabilities. We maintain a cyber liability insurance program, although the coverage may not be sufficient in some circumstances. We also have policies and practices in place to address data privacy regulations. Our cybersecurity program is reviewed and assessed by external information security specialists or by our internal audit group at least annually. Further, we conduct annual cybersecurity awareness training for employees and targeted training for high-risk functions of the Company. We also conduct phishing exercises and correlated education with our employees.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Protecting the security of our information systems is of significant importance to us, and we are committed to our focus on cybersecurity and systemic risks. We have an enterprise risk assessment process which specifically addresses risks associated with cybersecurity. Additionally, we have a crisis management plan that outlines the structure, roles, responsibilities and operating procedures to utilize during potentially significant events that could negatively impact the Company. As part of the crisis management plan, we have a cybersecurity incident response plan in place that provides a documented framework for handling high severity security incidents and includes facilitated coordination across multiple functions of the Company. Our incident response plan also includes identifying and responding to material risks from cybersecurity threats associated with our use of third-party service providers. We invest in threat intelligence and are active participants in industry and government forums to strive to improve our overall capabilities with respect to cybersecurity. We routinely perform reviews of threat intelligence and vulnerability management capabilities, while performing simulations and drills at both technical and management levels. We incorporate external expertise in all aspects of our program utilizing industry practice guidance from third-party cybersecurity advisors to provide objective assessments of our capabilities. We maintain a cyber liability insurance program, although the coverage may not be sufficient in some circumstances. We also have policies and practices in place to address data privacy regulations. Our cybersecurity program is reviewed and assessed by external information security specialists or by our internal audit group at least annually. Further, we conduct annual cybersecurity awareness training for employees and targeted training for high-risk functions of the Company. We also conduct phishing exercises and correlated education with our employees.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	As part of its risk oversight role, our Audit Committee of the Board of Directors oversees cyber risk, information security and technology risk, including management’s actions to identify, assess, mitigate and remediate material cybersecurity issues and risks. The Audit Committee receives regular reporting several times each year from our Chief Information Security Officer as well as our Chief Digital Information Officer on our technology and cyber risk profile, enterprise cybersecurity program and key cybersecurity activities.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Audit Committee of the Board of Directors oversees cyber risk
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee receives regular reporting several times each year from our Chief Information Security Officer as well as our Chief Digital Information Officer on our technology and cyber risk profile, enterprise cybersecurity program and key cybersecurity activities.
Cybersecurity Risk Role of Management [Text Block]	We have an information security team, led by our Chief Information Security Officer, that is responsible for assessing and managing cybersecurity risks and monitoring cybersecurity incidents. The team possesses relevant experience in their respective fields as well, as appropriate certifications from various leading certifying bodies. Our formal cybersecurity program is modeled after the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework, as well as other global standards and best practices.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	We have an information security team, led by our Chief Information Security Officer, that is responsible for assessing and managing cybersecurity risks and monitoring cybersecurity incidents. The team possesses relevant experience in their respective fields as well, as appropriate certifications from various leading certifying bodies. Our formal cybersecurity program is modeled after the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework, as well as other global standards and best practices.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The team possesses relevant experience in their respective fields as well, as appropriate certifications from various leading certifying bodies.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Audit Committee receives regular reporting several times each year from our Chief Information Security Officer as well as our Chief Digital Information Officer on our technology and cyber risk profile, enterprise cybersecurity program and key cybersecurity activities.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Pension and Postretirement Benefit Plans (Investment Strategies and Target Allocation) (Details) - Non-U.S. - Pension plan	Dec. 31, 2025
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target allocations	100.00%
Fixed income securities
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target allocations	90.00%
Equity securities
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target allocations	7.50%
Alternative investments
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target allocations	2.50%

Derivative Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company attempts to manage its transactional foreign exchange exposure by hedging foreign currency cash flow forecasts and commitments arising from the anticipated settlement of receivables and payables and from future purchases and sales. Where naturally offsetting currency positions do not occur, the Company hedges certain, but not all, of its exposures through the use of foreign currency contracts. The Company’s translation exposure resulting from translating the financial statements of foreign subsidiaries into United States dollars may be partially hedged from time to time. When practical, the translation impact is reduced by financing local operations with local borrowings.

The Company uses floating rate and fixed rate debt to finance its operations. The floating rate debt obligations expose the Company to variability in interest payments due to changes in the EURIBOR, SOFR or other applicable benchmark interest rates. The Company believes it is prudent to limit the variability of a portion of its interest payments, and to meet that objective, the Company periodically enters into interest rate swaps to manage the interest rate risk associated with the Company’s borrowings. The Company designates interest rate contracts used to convert the interest rate exposure on a portion of the Company’s debt portfolio from a floating rate to a fixed rate as cash flow hedges, while those contracts converting the Company’s interest rate exposure from a fixed rate to a floating rate are designated as fair value hedges.

To protect the value of the Company’s investment in foreign operations against adverse changes in foreign currency exchange rates, the Company from time to time, may hedge a portion of the Company’s net investment in the foreign subsidiaries by using a cross currency swap or foreign currency denominated debt. The component of the gains and losses on the Company’s net investment in the designated foreign operations driven by changes in foreign exchange rates are economically offset by movements in the fair value of the cross currency swap contracts or foreign currency denominated debt.

The Company is exposed to commodity risk from steel and other raw material purchases where a portion of the contractual purchase price is linked to a variable rate based on publicly available market data. From time to time, the Company enters into cash flow hedges to mitigate its exposure to variability in commodity prices.

The Company’s senior management establishes the Company’s foreign currency and interest rate risk management policies. These policies are reviewed periodically by the Finance Committee of the Company’s Board of Directors. The policies allow for the use of derivative instruments to hedge exposures to movements in foreign currency and interest rates. The Company’s policies prohibit the use of derivative instruments for speculative purposes.

All derivatives are recognized on the Company’s Consolidated Balance Sheets at fair value. On the date the derivative contract is entered into, the Company designates the derivative as either (1) a cash flow hedge of a forecasted transaction, (2) a fair value hedge of a recognized liability, (3) a hedge of a net investment in a foreign operation, or (4) a non-designated derivative instrument.

The Company categorizes its derivative assets and liabilities into one of three levels based on the assumptions used in valuing the asset or liability. Refer to Note 21 for a discussion of the fair value hierarchy as per the guidance in ASC 820, “Fair Value Measurements”. The Company’s valuation techniques are designed to maximize the use of observable inputs and minimize the use of unobservable inputs.

Counterparty Risk

The Company regularly monitors the counterparty risk and credit ratings of all the counterparties to the derivative instruments. The Company believes that its exposures are appropriately diversified across counterparties and that these counterparties are creditworthy financial institutions. There have been no negative impacts to the Company from any non-performance of any counterparties.

Derivative Transactions Designated as Hedging Instruments

Cash Flow Hedges

Foreign Currency Contracts

The Company uses cash flow hedges to minimize the variability in cash flows of assets or liabilities or forecasted transactions caused by fluctuations in foreign currency exchange rates. The changes in the fair values of these cash flow hedges are recorded in accumulated other comprehensive loss and are subsequently reclassified into “Cost of goods sold” during the period the sales and purchases are recognized. These amounts offset the effect of the changes in foreign currency rates on the related sale and purchase transactions.

The Company designates 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 $210.8 million, $356.7 million and $262.2 million as of December 31, 2025, 2024 and 2023, respectively.

Steel Commodity Contracts

The Company designates certain steel commodity contracts as cash flow hedges of expected future purchases of steel. The Company did not have any derivatives that were designated as cash flow hedges related to steel commodity contracts as of December 31, 2025 and 2024, respectively. The total notional value of derivatives that were designated as cash flow hedges was approximately $2.5 million as of December 31, 2023.

Interest Rate Risk

The Company entered into treasury rate locks in early March 2024 to fix the interest rate for the 2034 Notes issued on March 21, 2024. The derivative position settled on March 28, 2024 with a cash settlement that offset changes in the benchmark treasury rate between the execution of the treasury rate lock and the debt pricing date for the 2034 Notes. This treasury rate lock was designated as a cash flow hedge and the gain at termination of $8.2 million was recognized in accumulated other

comprehensive loss. The amount recognized in accumulated other comprehensive loss is reclassified to interest expense as interest payments are made on the 2034 Notes through the maturity date.


	Before-Tax Amount		Income Tax Expense (Benefit)		After-Tax Amount
Accumulated derivative net losses as of December 31, 2022	$	(1.0)	$	(0.1)	$	(0.9)
Net changes in fair value of derivatives:
Foreign currency contracts	(11.8)		(2.7)		(9.1)
Commodity contracts	0.3		0.1		0.2
Total	(11.5)		(2.6)		(8.9)
Net losses reclassified from accumulated other comprehensive loss into income:
Foreign currency contracts	11.1		2.2		8.9
Commodity contracts	0.1		—		0.1
Total	11.2		2.2		9.0
Accumulated derivative net losses as of December 31, 2023	$	(1.3)	$	(0.5)	$	(0.8)
Net changes in fair value of derivatives:
Foreign currency contracts	(1.2)		1.2		(2.4)
Commodity contracts	(0.3)		—		(0.3)
Treasury rate locks	8.2		2.1		6.1
Total	6.7		3.3		3.4
Net losses (gains) reclassified from accumulated other comprehensive loss into income:
Foreign currency contracts	6.7		0.3		6.4
Commodity contracts	0.3		—		0.3
Treasury rate locks	(0.7)		(0.3)		(0.4)
Total	6.3		—		6.3
Accumulated derivative net gains as of December 31, 2024	$	11.7	$	2.8	$	8.9
Net changes in fair value of derivatives:
Foreign currency contracts(1)	1.2		0.4		0.8

Total	1.2		0.4		0.8
Net gains reclassified from accumulated other comprehensive loss into income:
Foreign currency contracts(1)	(7.5)		(1.6)		(5.9)

Treasury rate locks	(0.8)		(0.2)		(0.6)
Total	(8.3)		(1.8)		(6.5)
Accumulated derivative net gains as of December 31, 2025	$	4.6	$	1.4	$	3.2

____________________________________

(1) The outstanding contracts as of December 31, 2025 range in maturity through December 2026.

As of December 31, 2025, approximately $0.4 million of realized derivative net gains, before taxes, remain in accumulated other comprehensive loss related to foreign currency contracts associated with inventory that had not yet been sold.

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.

On January 29, 2021, 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 had an expiration date of January 29, 2028. At maturity of the cross currency swap contract, the Company was expected to deliver the notional amount of approximately €247.9 million and receive $300.0 million from the counterparties. The Company received quarterly interest payments from the counterparties based on a fixed interest rate until maturity of the cross currency swap. On November 4, 2024, the Company's existing cross currency swap contract was terminated and the Company delivered the notional amount of approximately $277.4 million and received $300.0 million from the counterparties, resulting in a gain of approximately $22.6 million that was recognized in accumulated other comprehensive loss.

On November 4, 2024, the Company entered into $600.0 million cross currency swap contracts comprising of $200.0 million tranche for three years tenor, $200.0 million tranche for five years tenor and $200.0 million tranche for seven years tenor 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 contracts have an expiration date of November 6, 2027, November 6, 2029 and November 6, 2031, respectively. At maturity of the cross currency swap contract, the Company is expected to deliver the notional amount of approximately €385.5 million (or approximately $452.2 million as of December 31, 2025) and Fr.155.5 million (or approximately $196.1 million as of December 31, 2025), respectively, and receive $600.0 million from the counterparties. The Company receives quarterly interest payments from the counterparties based on a fixed interest rate until maturity of the cross currency swap.

During 2023, the Company designated €150.0 million of its multi-currency revolving credit facility maturing in December 2027 as a hedge of its net investment in foreign operations to offset foreign currency translation gains or losses on the net investment. The Company recognized the change in fair value of the foreign currency denominated debt designated as a net investment hedge, a loss of $3.1 million, net of tax, in other comprehensive income during the year ended December 31, 2023. This portion of the multi-currency revolving credit facility was repaid in December 2023.

The following table summarizes the notional values of the instrument designated as a net investment hedge (in millions):


	Notional Amount as of
	December 31, 2025		December 31, 2024
Cross currency swap contracts	$	600.0	$	600.0


	Gain (Loss) Recognized in Other Comprehensive Income (Loss) for the Years Ended
	Before-Tax Amount		Income Tax Expense (Benefit)		After-Tax Amount





December 31, 2025	$	(53.4)	$	(13.7)	$	(39.7)
December 31, 2024	(4.1)		(1.1)		(3.0)
December 31, 2023	(12.7)		(3.3)		(9.4)

Derivative Transactions Not Designated as Hedging Instruments

The Company enters 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 December 31, 2025 and 2024, the Company had outstanding foreign currency contracts with a notional amount of approximately $2,865.7 million and $3,231.2 million, respectively.

The following table summarizes the results on net income (loss) of derivatives not designated as hedging instruments (in millions):


		Gain (Loss) Recognized in Net Income (Loss) for the Years Ended
	Classification of Gain (Loss)	December 31, 2025		December 31, 2024		December 31, 2023
Foreign currency contracts	Other expense (income), net	$	24.3	$	(49.3)	$	29.9

The table below sets forth the fair value of derivative instruments as of December 31, 2025 (in millions):


	Asset Derivatives as of December 31, 2025			Liability Derivatives as of December 31, 2025
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	0.8	Other current liabilities	$	2.5

Cross currency swap contracts	Other noncurrent assets	—		Other noncurrent liabilities	37.2
Derivative instruments not designated as hedging instruments:
Foreign currency contracts(1)	Other current assets	19.4		Other current liabilities	8.7
Total derivative instruments		$	20.2		$	48.4

____________________________________

(1) The outstanding contracts as of December 31, 2025 range in maturity through February 2026.

The table below sets forth the fair value of derivative instruments as of December 31, 2024 (in millions):


	Asset Derivatives as of December 31, 2024			Liability Derivatives as of December 31, 2024
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	3.7	Other current liabilities	$	1.6


Cross currency swap contracts	Other noncurrent assets	16.2		Other noncurrent liabilities	—
Derivative instruments not designated as hedging instruments:
Foreign currency contracts	Other current assets	26.1		Other current liabilities	12.6
Total derivative instruments		$	46.0		$	14.2

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

Supplier Finance Programs (Tables)

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Schedule of Supplier Finance Program

The following table summarizes the activity of the Company’s supplier finance programs during the years ended December 31, 2025 and 2024 (in millions):


	2025		2024
Balance at beginning of the year	$	50.6	$	82.7
Amounts added to the programs	194.4		282.5
Amounts settled under the programs	(213.3)		(314.6)

Balance at the end of the year	$	31.7	$	50.6

Pension and Postretirement Benefit Plans (Net Funded Status) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amounts recognized in Consolidated Balance Sheets:
Pension and postretirement health care benefits (noncurrent)	$ (169.2)	$ (155.6)
Pension and ENPP Benefits
Change in benefit obligation
Benefit obligation at beginning of year	550.1	647.0
Service cost	7.7	8.2	$ 9.6
Interest cost	27.1	27.8	29.3
Plan participants’ contributions	1.0	1.3
Actuarial losses (gains)	7.8	(42.3)
Acquisitions	0.0	0.0
Amendments	0.1	(0.3)
Settlements	(5.7)	(34.0)
Benefits paid	(42.3)	(44.4)
Foreign currency exchange rate changes	38.2	(12.2)
Curtailment	0.0	(1.0)
Benefit obligation at end of year	584.0	550.1	647.0
Change in plan assets
Fair value of plan assets at beginning of year	494.0	572.0
Actual return on plan assets	22.9	(18.2)
Employer contributions	14.8	26.9
Plan participants’ contributions	1.0	1.3
Benefits paid	(42.3)	(44.4)
Settlements	(5.7)	(33.9)
Foreign currency exchange rate changes	37.4	(9.7)
Fair value of plan assets at end of year	522.1	494.0	572.0
Funded status	(61.9)	(56.0)
Amounts recognized in Consolidated Balance Sheets:
Other assets (noncurrent)	95.9	92.9
Other current liabilities	(7.6)	(7.5)
Accrued expenses	(4.0)	(3.7)
Pension and postretirement health care benefits (noncurrent)	(146.2)	(137.7)
Net amount recognized	(61.9)	(56.0)
Postretirement Benefits
Change in benefit obligation
Benefit obligation at beginning of year	19.7	23.0
Service cost	0.0	0.0	0.1
Interest cost	1.4	1.5	1.3
Plan participants’ contributions	0.0	0.0
Actuarial losses (gains)	4.7	(3.1)
Acquisitions	(0.2)	0.0
Amendments	0.0	1.6
Settlements	0.0	0.0
Benefits paid	(1.5)	(1.9)
Foreign currency exchange rate changes	0.9	(1.4)
Curtailment	0.0	0.0
Benefit obligation at end of year	25.0	19.7	23.0
Change in plan assets
Fair value of plan assets at beginning of year	0.0	0.0
Actual return on plan assets	0.0	0.0
Employer contributions	1.5	1.8
Plan participants’ contributions	0.0	0.0
Benefits paid	(1.5)	(1.9)
Settlements	0.0	0.0
Foreign currency exchange rate changes	0.0	0.1
Fair value of plan assets at end of year	0.0	0.0	$ 0.0
Funded status	(25.0)	(19.7)
Amounts recognized in Consolidated Balance Sheets:
Other assets (noncurrent)	0.0	0.0
Other current liabilities	(2.0)	(1.6)
Accrued expenses	0.0	0.0
Pension and postretirement health care benefits (noncurrent)	(23.0)	(18.1)
Net amount recognized	$ (25.0)	$ (19.7)

Revenue (Contract Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 386.1	$ 341.5

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Nov. 01, 2024	May 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Goodwill beginning of period			$ 1,820.4	$ 1,333.4
Acquisitions				1,600.9
Impairment charge				$ (354.1)
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]				Impairment charges
Divestiture				$ (710.9)
Foreign currency translation			78.4	(48.9)
Goodwill end of period			1,898.8	1,820.4	$ 1,333.4
Loss on sale of business			10.8	507.3	0.0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Grain & Protein (G&P)
Goodwill [Roll Forward]
Loss on sale of business	$ 507.3	$ 12.3
Goodwill	$ 203.6
North America
Goodwill [Roll Forward]
Goodwill beginning of period			742.8	668.2
Acquisitions				955.6
Impairment charge				(354.1)
Divestiture				(523.9)
Foreign currency translation			1.5	(3.0)
Goodwill end of period			744.3	742.8	668.2
South America
Goodwill [Roll Forward]
Goodwill beginning of period			94.9	93.5
Acquisitions				32.5
Impairment charge				0.0
Divestiture				(12.4)
Foreign currency translation			7.6	(18.7)
Goodwill end of period			102.5	94.9	93.5
Europe/ Middle East
Goodwill [Roll Forward]
Goodwill beginning of period			962.3	458.5
Acquisitions				592.4
Impairment charge				0.0
Divestiture				(61.4)
Foreign currency translation			69.3	(27.2)
Goodwill end of period			1,031.6	962.3	458.5
Asia/ Pacific/Africa
Goodwill [Roll Forward]
Goodwill beginning of period			20.4	113.2
Acquisitions				20.4
Impairment charge				0.0
Divestiture				(113.2)
Foreign currency translation			0.0	0.0
Goodwill end of period			$ 20.4	$ 20.4	$ 113.2

Investments in Affiliates (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Noncontrolling Interest [Line Items]
Accounts and notes receivable, net	$ 1,079,400,000	$ 1,267,400,000
Undistributed earnings	573,800,000	461,200,000
Dividends from joint ventures	18,300,000	13,700,000
Return of investment in excess of earnings	0	0
Affiliates
Noncontrolling Interest [Line Items]
Accounts and notes receivable, net	$ 28,100,000	$ 32,000,000.0
Finance joint ventures
Noncontrolling Interest [Line Items]
Ownership percentage	49.00%

Pension and Postretirement Benefit Plans (Assumptions for Pension and Postretirement Cost) (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Minimum
Defined Benefit Plan Disclosure [Line Items]
Rate of increase in future compensation	1.50%	1.70%	1.80%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Rate of increase in future compensation	5.00%	5.00%	5.00%
Pension plan
Defined Benefit Plan Disclosure [Line Items]
Weighted average discount rate	5.10%	4.50%	4.90%
Weighted average expected long-term rate of return on plan assets	5.20%	5.50%	5.50%
Pension plan \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Weighted average discount rate	5.80%	5.30%	5.70%
Weighted average expected long-term rate of return on plan assets	0.00%	5.80%	5.80%
Rate of increase in future compensation	5.00%	5.00%	5.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)(ii)
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

+ Details

Indebtedness (Maturities of Long-term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Debt Disclosure [Abstract]
2027	$ 397.2
2028	738.6
2029	293.0
2030	199.3
Thereafter	695.0
Total indebtedness, excluding the current portion	$ 2,323.1	$ 2,233.3

Operations and Summary of Significant Accounting Policies (Research and Development Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Research and development expense	$ 374.5	$ 381.3	$ 420.9

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Purchase Consideration

The purchase consideration transferred consisted of the following (in millions):


	Purchase Consideration
Total cash consideration for OneAg	$	1,954.0
Working capital and other adjustments	(47.1)
Equity transaction associated with JCA noncontrolling interest (a)	3.1
Total purchase consideration	$	1,910.0

(a) Equity transaction associated with JCA noncontrolling interest

Schedule of Assets Acquired, Liabilities Assumed and Noncontrolling interests

The fair values of the assets acquired, liabilities assumed and noncontrolling interests as of the acquisition date are presented in the following table (in millions):


	As of April 1, 2024
Cash	$	6.3
Accounts receivable	12.3
Inventories	62.6
Other current assets	6.0
Property, plant and equipment	21.6
Deferred tax assets	0.1
Right-of-use lease assets	2.4
Other assets (non-current)	0.1
Intangible assets	624.6
Goodwill	1,592.2
Total assets acquired	$	2,328.2

Accounts payable	$	5.8
Accrued expenses	11.2
Other current liabilities	14.0
Operating lease liabilities	1.6
Deferred tax liabilities	18.0
Other noncurrent liabilities	12.5
Total liabilities assumed	$	63.1

Redeemable noncontrolling interests (b)	$	355.1

Net assets acquired	$	1,910.0

(b) Redeemable noncontrolling interests

Schedule of Acquired Intangible Assets

The acquired identifiable intangible assets of OneAg as of the date of the acquisition are summarized in the following table (in millions):


	Fair Value		Useful Life(1)

Developed Technology	$	526.0	7 - 15 years
Customer Relationships	47.3		20 years
Trade name	6.5		5 years
Favorable contracts	44.8		2 - 7 years
	$	624.6

____________________________________

(1) Based on available information and certain assumptions that we believe were reasonable.

Schedule of Pro Forma Information


	Years Ended December 31,
	2024		2023
Unaudited Consolidated Pro Forma Results
Net sales	$	11,745.3	$	14,895.7
Net income (loss) attributable to AGCO Corporation	(423.8)		1,119.7

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References + Details

Indebtedness (Narrative) (Details)		1 Months Ended					12 Months Ended			49 Months Ended	123 Months Ended
Indebtedness (Narrative) (Details)	Oct. 06, 2021 EUR (€)	Mar. 21, 2027	Aug. 31, 2025 USD ($)	Aug. 31, 2025 EUR (€)	Jan. 24, 2025 USD ($)	Jan. 24, 2025 EUR (€)	Dec. 31, 2025 USD ($) loan_agreement	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Oct. 31, 2023 EUR (€)	Mar. 21, 2034	Dec. 31, 2025 EUR (€) loan_agreement	Mar. 21, 2024 USD ($)	Feb. 15, 2024 EUR (€)	Jan. 25, 2024 EUR (€)	Oct. 26, 2023 EUR (€)	Sep. 29, 2023 EUR (€)	Jan. 25, 2019	Aug. 31, 2018 EUR (€) loan_agreement	Oct. 31, 2016 EUR (€) loan_agreement
Debt Instrument [Line Items]
Interest paid							$ 121,900,000	$ 125,500,000	$ 60,500,000
Repayments of debt							436,700,000	513,400,000	$ 458,600,000
Letters of credit outstanding							14,000,000.0	13,200,000
Other Short-Term Borrowings
Debt Instrument [Line Items]
Short-term debt outstanding							$ 56,100,000	90,400,000
Multi-Currency Revolving Credit Facility \| Line of Credit \| EURIBOR \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.875%
Multi-Currency Revolving Credit Facility \| Line of Credit \| EURIBOR \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							1.875%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option One \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.10%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option One \| SOFR \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.875%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option One \| SOFR \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							1.875%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option Two \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							1.00%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option Two \| SOFR \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.00%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option Two \| SOFR \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.875%
Multi-Currency Revolving Credit Facility \| Line of Credit \| Interest Accrual, Option Two \| Fed Funds Effective Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							0.50%
5.450% Senior notes due 2027 \| Senior Notes
Debt Instrument [Line Items]
Interest rate percentage													5.45%
Debt, face amount													$ 400,000,000.0
Long-term debt, gross							$ 400,000,000.0	400,000,000.0
5.450% Senior notes due 2027 \| Senior Notes \| Forecast
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage		100.00%									100.00%
5.800% Senior notes due 2034 \| Senior Notes
Debt Instrument [Line Items]
Interest rate percentage													5.80%
Debt, face amount													$ 700,000,000.0
Long-term debt, gross							700,000,000.0	700,000,000.0
0.800% Senior notes due 2028 \| Senior Notes
Debt Instrument [Line Items]
Interest rate percentage	0.80%
Debt, face amount \| €	€ 600,000,000.0
Long-term debt, gross							703,800,000	622,700,000				€ 600,000,000.0
Debt instrument, face amount, issue price percentage	99.993%
1.002% EIB Senior term loan due 2025 \| Senior Notes
Debt Instrument [Line Items]
Interest rate percentage																		1.002%
Long-term debt, gross							$ 0	259,500,000
Repayments of debt					$ 262,300,000	€ 250,000,000.0
Senior term loans due between 2025 and 2028 \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							1.983%
Senior term loans due between 2025 and 2028 \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							2.256%
Senior term loans due between 2025 and 2028 \| Senior Notes
Debt Instrument [Line Items]
Debt, face amount \| €																			€ 338,000,000.0	€ 375,000,000.0
Long-term debt, gross							$ 97,900,000	152,000,000.0				€ 83,500,000
Repayments of debt \| €				€ 307,000,000.0						€ 322,500,000
Number of loan agreements entered \| loan_agreement																			7	7
Number of agreements remaining \| loan_agreement							2					2
Senior term loans due 2025 \| Senior Notes
Debt Instrument [Line Items]
Repayments of debt			$ 72,800,000	€ 63,000,000.0
Revolving credit facility \| 1.25 Billion Multi-Currency Unsecured Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 1,250,000,000
Line of credit							0
Remaining borrowing capacity on line of credit facility							1,250,000,000
Revolving credit facility \| 1.25 Billion Multi-Currency Unsecured Credit Facility, US Dollar Tranche \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity							325,000,000.0
Revolving credit facility \| 1.25 Billion Multi-Currency Unsecured Credit Facility, Multi-Currency Tranche \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity							925,000,000.0
Revolving credit facility \| Uncommitted Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity							234,600,000					€ 200,000,000.0
Line of credit							0	0
Multi-currency Finance Contract \| EIB Senior term loan due 2029
Debt Instrument [Line Items]
Maximum borrowing capacity \| €																	€ 250,000,000.0
Line of credit							293,300,000									€ 250,000,000.0
Interest rate percentage																	3.98%
Long-term debt, gross							293,300,000	259,500,000
Percentage of specified investments																	50.00%
Multi-currency Finance Contract \| EIB Senior term loan due 2030
Debt Instrument [Line Items]
Maximum borrowing capacity \| €															€ 170,000,000.0
Line of credit							199,400,000							€ 170,000,000.0
Interest rate percentage															3.416%
Long-term debt, gross							$ 199,400,000	$ 176,400,000

Restructuring and Business Optimization Expenses (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jun. 24, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, current	$ 56.9	$ 125.2
Restructuring reserve, noncurrent	25.9	11.0
Provision, net of reversals	46.2	157.8	$ 11.9
One-time Termination Benefits \| Minimum \| 2024 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Expected charges to be incurred				$ 150.0
One-time Termination Benefits \| Maximum \| 2024 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Expected charges to be incurred				$ 200.0
Business Optimization
Restructuring Cost and Reserve [Line Items]
Provision, net of reversals	$ 36.0	$ 14.9

Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Compensation Expense

The Company recorded stock compensation expense as follows for the years ended December 31, 2025, 2024 and 2023 (in millions):


	Years Ended December 31,
	2025(1)		2024(1)		2023
Cost of goods sold	$	0.9	$	0.5	$	1.8
Selling, general and administrative expenses	27.7		17.9		44.6
Total stock compensation expense	$	28.6	$	18.4	$	46.4

_________________________________

Schedule of Weighted Average Grant-date Fair Value of Performance Awards

The weighted average grant-date fair value of performance awards granted under the Plan during 2025, 2024 and 2023 was as follows:


	Years Ended December 31,
	2025		2024		2023
Weighted average grant-date fair value	$	108.20	$	126.95	$	143.63

The weighted average grant-date fair value of the RSUs granted under the Plan during 2025, 2024 and 2023 was as follows:


	Years Ended December 31,
	2025		2024		2023
Weighted average grant-date fair value	$	101.91	$	114.07	$	134.63

Performance Award Transactions

Performance award transactions during 2025 were as follows and are presented as if the Company were to achieve its maximum levels of performance under the plan:


	Performance awards	Weighted-Average Grant Date Fair Value
Shares awarded but not earned at January 1	570,150	$	134.26
Shares awarded	441,212	108.20
Shares forfeited	(65,636)	126.51
Shares vested or earned	(226,094)	143.61
Shares awarded but not earned at December 31	719,632	$	116.05

Schedule of Nonvested Restricted Stock Units Activity

RSU transactions during the year ended December 31, 2025 were as follows:


	RSUs	Weighted-Average Grant Date Fair Value
Shares awarded but not vested at January 1	269,202	$	118.29
Shares awarded	172,027	101.91
Shares forfeited	(22,325)	112.15
Shares vested	(125,759)	117.51
Shares awarded but not vested at December 31	293,145	$	109.50

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Sales Information By Reportable Segments

Segment results for the years ended December 31, 2025, 2024 and 2023 based on the Company’s reportable segments are as follows (in millions):


Years Ended December 31,	North America		South America		Europe/Middle East		Asia/Pacific/Africa		Total Segments		Other(1)		Total
2025
Net sales	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0	$	—	$	10,082.0
Cost of goods sold	1,303.4		901.4		4,857.6		452.8		7,515.2		—		7,515.2
Selling, general and administrative expenses	335.2		121.3		575.9		72.7		1,105.1		—		1,105.1
Engineering expenses	138.9		41.5		296.4		10.9		487.7		—		487.7
Income (loss) from operations	$	(112.0)	$	51.4	$	1,006.8	$	27.8	$	974.0	$	—	$	974.0

Depreciation	$	58.5	$	32.9	$	153.9	$	11.2	$	256.5	$	—	$	256.5
Assets	1,409.9		1,052.0		2,907.6		606.6		5,976.1		—		5,976.1
Capital expenditures	41.4		30.0		173.1		3.4		247.9		—		247.9

2024
Net sales(2)	$	2,298.3	$	1,208.5	$	6,712.3	$	626.3	$	10,845.4	$	816.5	$	11,661.9
Cost of goods sold	1,750.1		975.3		4,913.4		494.9		8,133.7		629.1		8,762.8
Selling, general and administrative expenses	333.8		101.0		553.8		88.7		1,077.3		90.2		1,167.5
Engineering expenses	130.4		45.2		283.8		11.5		470.9		22.1		493.0
Income from operations(3)	$	84.0	$	87.0	$	961.3	$	31.2	$	1,163.5	$	75.1	$	1,238.6

Depreciation	$	58.4	$	34.1	$	136.9	$	14.9	$	244.3	$	6.9	$	251.2
Assets	1,527.9		946.9		2,841.4		697.7		6,013.9		—		6,013.9
Capital expenditures	61.1		43.7		276.9		3.5		385.2		8.1		393.3

2023
Net sales(4)	$	3,138.2	$	2,078.2	$	7,385.2	$	793.1	$	13,394.7	$	1,017.7	$	14,412.4
Cost of goods sold	2,311.0		1,520.3		5,383.5		626.8		9,841.6		793.4		10,635.0
Selling, general and administrative expenses	299.0		148.0		568.1		76.2		1,091.3		113.7		1,205.0
Engineering expenses	130.1		52.1		323.6		11.6		517.4		31.4		548.8
Income from operations(5)	$	398.1	$	357.8	$	1,110.0	$	78.5	$	1,944.4	$	79.2	$	2,023.6

Depreciation	$	51.9	$	33.6	$	114.1	$	16.7	$	216.3	$	14.1	$	230.4
Assets	1,624.7		1,328.5		2,949.6		777.4		6,680.2		490.5		7,170.7
Capital expenditures	113.2		72.1		309.9		4.2		499.4		18.7		518.1

____________________________________

Reconciliation of Income From Operations from Segment to Consolidated

A reconciliation from the segment information to the consolidated balances for income (loss) from operations and total assets is set forth below (in millions):


	2025		2024		2023
Segment income from operations	$	974.0	$	1,163.5	$	1,944.4
Other(1)	—		75.1		79.2
Corporate expenses	(176.5)		(212.3)		(204.9)
Amortization of intangibles	(71.1)		(81.0)		(57.7)
Stock compensation expense	(27.7)		(17.9)		(44.6)
Impairment charges	(10.0)		(369.5)		(4.1)
Restructuring and business optimization expenses	(82.2)		(172.7)		(11.9)
Loss on sale of business	(10.8)		(507.3)		—
Consolidated income (loss) from operations	$	595.7	$	(122.1)	$	1,700.4

Segment assets	$	5,976.1	$	6,013.9	$	6,680.2
Other(1)	—		—		490.5
Cash and cash equivalents	861.8		612.7		595.5

Investments in affiliates	609.9		519.6		512.7
Deferred tax assets, other current and noncurrent assets	1,908.2		1,495.1		1,500.1
Intangible assets, net	673.0		728.9		308.8
Goodwill	1,898.8		1,820.4		1,333.4
Consolidated total assets	$	11,927.8	$	11,190.6	$	11,421.2

____________________________________

Reconciliation of Assets from Segment to Consolidated

A reconciliation from the segment information to the consolidated balances for income (loss) from operations and total assets is set forth below (in millions):


	2025		2024		2023
Segment income from operations	$	974.0	$	1,163.5	$	1,944.4
Other(1)	—		75.1		79.2
Corporate expenses	(176.5)		(212.3)		(204.9)
Amortization of intangibles	(71.1)		(81.0)		(57.7)
Stock compensation expense	(27.7)		(17.9)		(44.6)
Impairment charges	(10.0)		(369.5)		(4.1)
Restructuring and business optimization expenses	(82.2)		(172.7)		(11.9)
Loss on sale of business	(10.8)		(507.3)		—
Consolidated income (loss) from operations	$	595.7	$	(122.1)	$	1,700.4

Segment assets	$	5,976.1	$	6,013.9	$	6,680.2
Other(1)	—		—		490.5
Cash and cash equivalents	861.8		612.7		595.5

Investments in affiliates	609.9		519.6		512.7
Deferred tax assets, other current and noncurrent assets	1,908.2		1,495.1		1,500.1
Intangible assets, net	673.0		728.9		308.8
Goodwill	1,898.8		1,820.4		1,333.4
Consolidated total assets	$	11,927.8	$	11,190.6	$	11,421.2

____________________________________

Property, Plant and Equipment, Right-of-use Lease Assets and Amortizable Intangible Assets

Property, plant and equipment, right-of-use lease assets and amortizable intangible assets by country as of December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
United States	$	863.6	$	945.8
Germany	738.3		658.4
Brazil	220.4		200.6
Finland	339.4		282.2
France	162.3		163.8
Italy	91.6		86.0
China	56.6		59.1
Denmark	5.6		5.2
Other	270.9		231.5
	$	2,748.7	$	2,632.6

Leases (Lease Cost) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Lease Cost) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Operating lease cost	$ 62.2	$ 59.6
Variable lease cost	5.2	4.8
Short-term lease cost	18.5	23.4
Amortization of lease assets	0.4	0.5
Interest on lease liabilities	0.2	0.2
Total lease cost	$ 86.5	$ 88.5

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

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 years ended December 31, 2025 and 2024 are summarized as follows (in millions):


	North America		South America		Europe/ Middle East		Asia/ Pacific/Africa		Consolidated






Balance as of December 31, 2023	$	668.2	$	93.5	$	458.5	$	113.2	$	1,333.4
Acquisitions	955.6		32.5		592.4		20.4		1,600.9
Impairment charge	(354.1)		—		—		—		(354.1)
Divestiture(1)	(523.9)		(12.4)		(61.4)		(113.2)		(710.9)

Foreign currency translation	(3.0)		(18.7)		(27.2)		—		(48.9)
Balance as of December 31, 2024	742.8		94.9		962.3		20.4		1,820.4




Foreign currency translation	1.5		7.6		69.3		—		78.4
Balance as of December 31, 2025	$	744.3	$	102.5	$	1,031.6	$	20.4	$	1,898.8

_________________________________

Changes in the carrying amount of acquired intangible assets during 2025 and 2024 are summarized as follows (in millions):


Gross Carrying Amounts	Trademarks and Trade Names		Customer Relationships		Patents and Technology		Other		Total

Balance as of December 31, 2023	$	194.3	$	580.7	$	148.2	$	6.3	$	929.5
Acquisitions	6.5		47.3		526.0		44.8		624.6

Divestiture	(122.7)		(434.4)		(59.2)		—		(616.3)

Foreign currency translation	(3.0)		(14.5)		(10.3)		(0.2)		(28.0)
Balance as of December 31, 2024	75.1		179.1		604.7		50.9		909.8


Impairment charge	(1.6)		—		(0.6)		—		(2.2)
Foreign currency translation	2.1		12.1		16.9		0.3		31.4
Balance as of December 31, 2025	$	75.6	$	191.2	$	621.0	$	51.2	$	939.0


Accumulated Amortization	Trademarks and Trade Names		Customer Relationships		Patents and Technology		Other		Total

Balance as of December 31, 2023	$	114.5	$	483.4	$	113.3	$	1.7	$	712.9
Amortization expense	7.4		23.0		37.2		13.4		81.0
Divestiture	(74.2)		(383.7)		(49.3)		—		(507.2)

Foreign currency translation	(2.1)		(13.1)		(6.2)		(0.2)		(21.6)
Balance as of December 31, 2024	45.6		109.6		95.0		14.9		265.1
Amortization expense	4.2		7.0		54.6		5.3		71.1

Impairment charge	(1.2)		—		(0.4)		—		(1.6)
Foreign currency translation	1.9		10.3		7.0		—		19.2
Balance as of December 31, 2025	$	50.5	$	126.9	$	156.2	$	20.2	$	353.8


Indefinite-Lived Intangible Assets	Trademarks and Trade Names

Balance as of December 31, 2023	$	85.9
Foreign currency translation	(2.1)
Balance as of December 31, 2024	83.8
Foreign currency translation	4.0
Balance as of December 31, 2025	$	87.8

For the years ended December 31, 2025, 2024 and 2023, amortization expense related to acquired intangible assets was $71.1 million, $81.0 million and $57.7 million, respectively. The Company estimates amortization of existing intangible assets will be $67.8 million in 2026, $61.1 million in 2027, $54.5 million in 2028, $51.7 million in 2029 and $50.6 million in 2030. External-use software, net, developed by the Company and marketed externally, was approximately $0.4 million as of December 31, 2024 and classified within “Intangible assets, net.” Additionally, $4.6 million of external-use software, net was divested as part of the sale of the majority of the Company's G&P business.

Restructuring and Business Optimization Expenses (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

Restructuring expenses activity, which relates to severance and other related costs, during the years ended December 31, 2025, 2024 and 2023 is summarized as follows (in millions):



Balance as of December 31, 2022	$	6.8
2023 provision, net of reversals	11.9



2023 cash activity	(9.2)
Foreign currency translation	(1.7)
Balance as of December 31, 2023	7.8
2024 provision, net of reversals	157.8



2024 cash activity	(27.2)
Foreign currency translation	(2.2)
Balance as of December 31, 2024	136.2
2025 provision, net of reversals	46.2



2025 cash activity	(111.2)
Foreign currency translation	11.6
Balance as of December 31, 2025	$	82.8

Operations and Summary of Significant Accounting Policies (Interest Expense, Net) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Interest expense	$ 123.0	$ 159.3	$ 68.8
Interest income	(56.6)	(66.3)	(64.2)
Interest expense, net	$ 66.4	$ 93.0	$ 4.6

- Definition

Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.

+ References

+ Details

Investments in Affiliates (Equity in Net Earnings of Affiliates) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity in net earnings of affiliates	$ 39.6	$ 46.4	$ 68.2
Finance joint ventures
Schedule of Equity Method Investments [Line Items]
Equity in net earnings of affiliates	40.4	45.2	66.9
Manufacturing and other joint ventures
Schedule of Equity Method Investments [Line Items]
Equity in net earnings of affiliates	$ (0.8)	$ 1.2	$ 1.3

- Definition

Amount of income (loss) for proportionate share of equity method investee's income (loss).

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Finished goods	$ 1,070.6	$ 1,187.9
Repair and replacement parts	824.6	754.6
Work in process	181.9	170.0
Raw materials	632.2	618.8
Inventories, net	2,709.3	2,731.3
Reserve for surplus and obsolete inventories	$ 271.9	$ 251.1

Stock Compensation Plans (Performance Awards) (Details) - Performance Shares - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share Activity
Shares awarded but not earned/ vested at January 1 (in shares)	570,150
Shares awarded (in shares)	441,212
Shares forfeited (in shares)	(65,636)
Shares vested or earned (in shares)	(226,094)
Shares awarded but not earned/ vested at December 31 (in shares)	719,632	570,150
Weighted-Average Grant Date Fair Value
Shares awarded but not earned/ vested at January 1 (in dollars per share)	$ 134.26
Shares awarded (in dollars per share)	108.20	$ 126.95	$ 143.63
Shares forfeited (in dollars per share)	126.51
Shares vested or earned (in dollars per share)	143.61
Shares awarded but not earned/ vested at December 31 (in dollars per share)	$ 116.05	$ 134.26

Indebtedness (Components of Indebtedness) (Details) € in Millions, $ in Millions	Dec. 31, 2025 USD ($)	Dec. 31, 2025 EUR (€)	Dec. 31, 2024 USD ($)	Mar. 21, 2024	Jan. 25, 2024	Sep. 29, 2023	Oct. 06, 2021	Jan. 25, 2019
Debt Instrument [Line Items]
Debt issuance costs	$ (9.7)		$ (12.0)
Total long-term debt	2,384.7		2,558.1
Total long-term indebtedness	2,323.1		2,233.3
EIB Senior term loan due 2029 \| Multi-currency Finance Contract
Debt Instrument [Line Items]
Interest rate percentage						3.98%
Long-term debt, gross	293.3		259.5
EIB Senior term loan due 2030 \| Multi-currency Finance Contract
Debt Instrument [Line Items]
Interest rate percentage					3.416%
Long-term debt, gross	199.4		176.4
Line of Credit \| Credit Facility, expires 2027 \| Revolving credit facility
Debt Instrument [Line Items]
Long-term debt, gross	0.0		0.0
Senior Notes \| 5.450% Senior notes due 2027
Debt Instrument [Line Items]
Interest rate percentage				5.45%
Long-term debt, gross	400.0		400.0
Senior Notes \| 5.800% Senior notes due 2034
Debt Instrument [Line Items]
Interest rate percentage				5.80%
Long-term debt, gross	700.0		700.0
Senior Notes \| 0.800% Senior notes due 2028
Debt Instrument [Line Items]
Interest rate percentage							0.80%
Long-term debt, gross	703.8	€ 600.0	622.7
Senior Notes \| 1.002% EIB Senior term loan due 2025
Debt Instrument [Line Items]
Interest rate percentage								1.002%
Long-term debt, gross	0.0		259.5
Senior term loans due 2026	0.0		(259.5)
Senior Notes \| Senior term loans due between 2025 and 2028
Debt Instrument [Line Items]
Long-term debt, gross	97.9	€ 83.5	152.0
Senior Notes \| Senior term loans due 2025
Debt Instrument [Line Items]
Senior term loans due 2026	0.0		(65.3)
Senior Notes \| Senior term loans due 2026
Debt Instrument [Line Items]
Senior term loans due 2026	$ (61.6)		$ 0.0

Income Taxes (Narrative) (Details) R$ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 BRL (R$)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 BRL (R$)	Dec. 31, 2022 USD ($)
Income Taxes [Line Items]
Effective income tax rate reconciliation, tax restructuring, amount	$ 179.8
Benefit related to the Swiss Tax reform legislation enacted		$ (23.7)		$ 193.9
Deferred tax asset for Swiss tax basis adjustment	127.5	182.8		197.7
Valuation allowance	179.5	147.2
Brazil Amnesty Program, net of United States foreign tax credit		0.0		26.4
Net deferred tax assets	779.0	436.0
Net operating loss carryforwards	315.3
Net operating loss carryforwards, not subject to expiration	245.7
U.S. state net operating loss carryforwards	17.1
Income taxes paid		344.0		463.6
Accrued or deferred taxes relating to uncertain income tax positions	3.8	9.3
Uncertain tax positions recorded in Other noncurrent liabilities	465.8	378.4
Interest and penalties related to unrecognized tax benefits	1.8	3.6
Accrued interest and penalties relating to unrecognized tax benefits	34.7	30.9
Unrecognized income tax benefits that would affect effective tax rate		387.4
Indirect favorable effects relating to other tax jurisdictions	161.4	126.4
Deposits	424.5	342.5		463.8
Tax disallowance not including interest and penalties		27.1			R$ 131.5
Amnesty program gross estimate recorded to income tax provision		34.8	R$ 182.6
U.S. tax credits associated with the Amnesty program estimate		8.4
Change in tax positions, judgements, and lapses of statutes of limitations
Income Taxes [Line Items]
Indirect favorable effects relating to other tax jurisdictions	17.9	30.2
Foreign
Income Taxes [Line Items]
Deposits	28.5	25.2
Refunds received	21.0	$ 18.5
Amount of unrecognized tax benefits that could be concluded on in the next 12 months	3.8
United States
Income Taxes [Line Items]
Effective income tax rate reconciliation, tax restructuring, amount	179.8
Unrecognized tax benefits to be utilized						$ 15.7
State and Local Jurisdiction
Income Taxes [Line Items]
Effective income tax rate reconciliation, tax restructuring, amount	42.1
Effective income tax reconciliation, additional benefits change in permanent reinvestment	82.0
2026
Income Taxes [Line Items]
Net operating loss carryforwards, subject to expiration	3.0
2027
Income Taxes [Line Items]
Net operating loss carryforwards, subject to expiration	4.4
2028
Income Taxes [Line Items]
Net operating loss carryforwards, subject to expiration	16.9
2029 and thereafter
Income Taxes [Line Items]
Net operating loss carryforwards, subject to expiration	$ 45.3
Foreign tax basis adjustment
Income Taxes [Line Items]
Valuation allowance				85.4
Switzerland
Income Taxes [Line Items]
Benefit related to the Swiss Tax reform legislation enacted				$ 112.3

Investments in Affiliates

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Investments in Affiliates

INVESTMENTS IN AFFILIATES

Investments in affiliates as of December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Finance joint ventures	$	562.8	$	471.4
Manufacturing joint venture	37.6		31.4
Other affiliates	9.5		16.8
	$	609.9	$	519.6

The Company’s finance joint ventures provide retail financing and wholesale financing to its dealers. The majority of the assets of the Company’s finance joint ventures represents finance receivables. The majority of the liabilities represents notes payable and accrued interest. Under the various joint venture agreements, Rabobank or its affiliates provide financing to the joint venture companies. AGCO has a 49% interest in those finance equity joint ventures. Refer to Note 18 for further discussion of the Company's relationship with Rabobank.

The Company’s manufacturing joint venture consists of Groupement International De Mecanique Agricole SAS (“GIMA”), a joint venture with a third-party manufacturer to purchase, design and manufacture components for agricultural equipment in France. The other affiliates represent investments in farm equipment manufacturers, an electronic and software system manufacturer, precision agriculture technology providers, distributors and licensees.

The Company concluded it has significant influence over its finance and manufacturing joint ventures and accounted for these investments using the equity method of accounting.

The Company’s equity in net earnings of affiliates for the years ended December 31, 2025, 2024 and 2023 were as follows (in millions):


	2025		2024		2023
Finance joint ventures	$	40.4	$	45.2	$	66.9
Manufacturing and other joint ventures	(0.8)		1.2		1.3
	$	39.6	$	46.4	$	68.2

Summarized combined financial information of the Company’s finance joint ventures as of December 31, 2025 and 2024 and for the years ended December 31, 2025, 2024 and 2023 were as follows (in millions):


	As of December 31,
	2025		2024
Total assets	$	10,433.1	$	10,036.4
Total liabilities	9,284.6		9,074.3
Partners’ equity	1,148.5		962.1


	For the Years Ended December 31,
	2025		2024		2023
Revenues	$	795.0	$	791.7	$	680.5
Costs	717.5		672.7		468.6
Income before income taxes	$	77.5	$	119.0	$	211.9

At December 31, 2025 and 2024, the Company’s receivables from affiliates were approximately $28.1 million and $32.0 million, respectively. The receivables from affiliates are reflected within “Accounts and notes receivable, net” within the Company’s Consolidated Balance Sheets.

The portion of the Company’s retained earnings balance that represents undistributed retained earnings of equity method investees was approximately $573.8 million and $461.2 million as of December 31, 2025 and 2024, respectively. The Company received dividends from certain finance joint ventures of approximately $18.3 million and $13.7 million during 2025 and 2024, respectively. There were no returns on investment in excess of earnings in 2025 and 2024, respectively.

Related Party Transactions (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2025
Related Party Transaction [Line Items]
Gain on sale of investment in affiliate	$ 251.9	$ 251.9	$ 0.0	$ 0.0
AGCO Capital Argentina S.A \| Related Party
Related Party Transaction [Line Items]
Related party transaction, outstanding amount		11.3
Payments to acquire interest in joint venture		11.5
Finance joint ventures
Related Party Transaction [Line Items]
Dividends from related parties		18.3	13.7	28.9
Finance joint ventures \| Related Party
Related Party Transaction [Line Items]
Payments to acquire interest in joint venture		10.3	12.0	24.6
TAFE
Related Party Transaction [Line Items]
Dividends from related parties		0.7	3.3	2.9
Buyback agreement, amount committed to receive					$ 260.0
Proceeds from Sale of Equity Method Investments	260.0
Proceeds from sale of equity method investments, after tax proceeds	$ 230.0
Ownership acquisition threshold trigger rate, percent					12.50%
Purchases from related party		55.2	165.9	171.6
TAFE \| Sale of Parts
Related Party Transaction [Line Items]
Sales to related party		$ 0.1	$ 5.0	$ 3.6
Finance joint ventures \| Rabobank
Related Party Transaction [Line Items]
Percentage of noncontrolling interest owned by parent		51.00%
AGCO Corporation \| TAFE
Related Party Transaction [Line Items]
Beneficial ownership of related parties (in shares)		12,150,152

Pension and Postretirement Benefit Plans (Reconciliation of Level 3 Assets) (Details) - Pension plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	$ 494.0	$ 572.0
Foreign currency exchange rate changes	37.4	(9.7)
Fair value of plan assets at end of year	522.1	494.0
Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	32.2	41.0
Actual return on plan assets related to assets still held at reporting date	0.9	(0.6)
Purchases, sales and /or settlements	(2.3)	(5.9)
Foreign currency exchange rate changes	4.2	(2.3)
Fair value of plan assets at end of year	35.0	32.2
Level 3 \| Alternative Investments
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0.0	2.2
Actual return on plan assets related to assets still held at reporting date	0.0	0.0
Purchases, sales and /or settlements	0.0	(2.2)
Foreign currency exchange rate changes	0.0	0.0
Fair value of plan assets at end of year	0.0	0.0
Level 3 \| Miscellaneous Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	32.2	38.8
Actual return on plan assets related to assets still held at reporting date	0.9	(0.6)
Purchases, sales and /or settlements	(2.3)	(3.7)
Foreign currency exchange rate changes	4.2	(2.3)
Fair value of plan assets at end of year	$ 35.0	$ 32.2

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

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+ Details

Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Investments in and Advances to Affiliates

Investments in affiliates as of December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Finance joint ventures	$	562.8	$	471.4
Manufacturing joint venture	37.6		31.4
Other affiliates	9.5		16.8
	$	609.9	$	519.6

Schedule of Equity Method Investments

The Company’s equity in net earnings of affiliates for the years ended December 31, 2025, 2024 and 2023 were as follows (in millions):


	2025		2024		2023
Finance joint ventures	$	40.4	$	45.2	$	66.9
Manufacturing and other joint ventures	(0.8)		1.2		1.3
	$	39.6	$	46.4	$	68.2


	As of December 31,
	2025		2024
Total assets	$	10,433.1	$	10,036.4
Total liabilities	9,284.6		9,074.3
Partners’ equity	1,148.5		962.1


	For the Years Ended December 31,
	2025		2024		2023
Revenues	$	795.0	$	791.7	$	680.5
Costs	717.5		672.7		468.6
Income before income taxes	$	77.5	$	119.0	$	211.9

Acquisitions (Narrative) (Details) $ in Millions		9 Months Ended	12 Months Ended
Acquisitions (Narrative) (Details) $ in Millions	Apr. 01, 2024 USD ($) reporting_unit	Dec. 31, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Combination [Line Items]
Net sales			$ 10,082.0	$ 11,661.9	$ 14,412.4
Net loss attributable to AGCO Corporation and subsidiaries			$ (726.5)	424.8	(1,171.4)
PTx Trimble, LLC
Business Combination [Line Items]
Percentage of noncontrolling interest owned by parent	85.00%
Percentage of noncontrolling interest owned by noncontrolling owner	15.00%
Subsidiaries, PTx Trimble, LLC
Business Combination [Line Items]
Investments in joint venture by noncontrolling interest holder	$ 8.1
Payments to acquire interest in joint venture	46.0
Net sales		$ 171.3
Net loss attributable to AGCO Corporation and subsidiaries		$ 350.9
OneAg
Business Combination [Line Items]
Total cash consideration for OneAg	$ 1,954.0
Number of reporting units \| reporting_unit	4
Transfer of percentage interest	15.00%
Transaction-related costs				$ 23.1	$ 16.0
OneAg \| Measurement Input, Exercise Date (in years)
Business Combination [Line Items]
Put and call options measurement input	3 years

Operations and Summary of Significant Accounting Policies (Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	$ 134.6	$ (197.1)	$ 95.0
AOCI Attributable To Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before tax amount	124.5	(184.6)	92.0
Other comprehensive income (loss), income taxes	3.5	(10.2)	3.0
Other comprehensive income (loss)	128.0	(194.8)	95.0
Defined pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before tax amount	(6.7)	26.7	(10.0)
Other comprehensive income (loss), income taxes	2.1	(6.9)	2.6
Other comprehensive income (loss)	(4.6)	19.8	(7.4)
Deferred gains and losses on derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before tax amount	(7.1)	13.0	(0.3)
Other comprehensive income (loss), income taxes	1.4	(3.3)	0.4
Other comprehensive income (loss)	(5.7)	9.7	0.1
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before tax amount	138.3	(224.3)	102.3
Other comprehensive income (loss), income taxes	0.0	0.0	0.0
Other comprehensive income (loss)	138.3	(224.3)	102.3
AOCI Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	6.6	(2.3)	0.0
Defined pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	0.0	0.0	0.0
Deferred gains and losses on derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	0.0	0.0	0.0
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	$ 6.6	$ (2.3)	$ 0.0

Revenue

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

REVENUE

Contract Liabilities

Contract liabilities primarily relate to the following: (1) unrecognized revenues where 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 and (2) unrecognized revenues where payment of consideration precedes the Company’s performance with respect to precision agriculture technology services and where the performance obligation is satisfied over time.

The following table summarizes the balance of contract liabilities as of December 31, 2025 and 2024 (in millions):


	2025		2024










Contract liabilities	$	386.1	$	341.5

The contract liabilities are classified as either “Accrued Expenses” or “Other current liabilities” and “Other noncurrent liabilities” in the Company’s Consolidated Balance Sheets. In 2025, the Company recognized approximately $164.9 million of revenue that was recorded as a contract liability at the beginning of 2025. In 2024, the Company recognized approximately $139.2 million of revenue that was recorded as a contract liability at the beginning of 2024.

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 December 31, 2025 are $157.0 million in 2026, $116.5 million in 2027, $64.0 million in 2028, $30.6 million in 2029 and $9.9 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 year ended December 31, 2025 disaggregated by primary geographical markets and major products consisted of the following (in millions):


	North America		South America		Europe/ Middle East		Asia/ Pacific/Africa		Consolidated
Primary geographical markets:
United States	$	1,234.4	$	—	$	—	$	—	$	1,234.4
Canada	326.7		—		—		—		326.7
Germany	—		—		1,645.9		—		1,645.9
France	—		—		1,321.3		—		1,321.3
United Kingdom and Ireland	—		—		559.2		—		559.2
Finland and Scandinavia	—		—		798.1		—		798.1
Italy	—		—		456.0		—		456.0
Other Europe	—		—		1,678.1		—		1,678.1
Brazil	—		825.1		—		—		825.1
Other South America	—		279.6		—		—		279.6
Middle East and Algeria	—		—		278.1		—		278.1
Africa	—		—		—		109.4		109.4
Asia	—		—		—		164.7		164.7
Australia and New Zealand	—		—		—		290.1		290.1
Mexico, Central America and Caribbean	104.4		10.9		—		—		115.3
	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0

Major products:
Tractors	$	657.2	$	734.4	$	4,942.3	$	359.1	$	6,693.0
Replacement parts	381.1		157.1		1,227.6		107.5		1,873.3
Grain storage and protein production systems	—		—		—		1.3		1.3
Combines, application equipment and other machinery	627.2		224.1		566.8		96.3		1,514.4
	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0

Net sales for the year ended December 31, 2024 disaggregated by primary geographical markets and major products consisted of the following (in millions):


	North America		South America		Europe/ Middle East		Asia/Pacific/Africa		Total Segments		Other(1)		Consolidated
Primary geographical markets:
United States	$	1,757.0	$	—	$	—	$	—	$	1,757.0	$	471.9	$	2,228.9
Canada	426.2		—		—		—		426.2		62.4		488.6
Germany	—		—		1,721.8		—		1,721.8		11.5		1,733.3
France	—		—		1,378.2		—		1,378.2		5.3		1,383.5
United Kingdom and Ireland	—		—		535.0		—		535.0		5.4		540.4
Finland and Scandinavia	—		—		772.0		—		772.0		6.8		778.8
Italy	—		—		363.7		—		363.7		22.9		386.6
Other Europe	—		—		1,512.7		—		1,512.7		44.4		1,557.1
Brazil	—		882.1		—		—		882.1		81.6		963.7
Other South America	—		316.5		—		—		316.5		22.1		338.6
Middle East and Algeria	—		—		428.9		—		428.9		4.3		433.2
Africa	—		—		—		98.5		98.5		10.1		108.6
Asia	—		—		—		217.3		217.3		41.6		258.9
Australia and New Zealand	—		—		—		310.5		310.5		4.8		315.3
Mexico, Central America and Caribbean	115.1		9.9		—		—		125.0		21.4		146.4
	$	2,298.3	$	1,208.5	$	6,712.3	$	626.3	$	10,845.4	$	816.5	$	11,661.9

Major products:
Tractors	$	922.6	$	781.2	$	4,965.3	$	390.2	$	7,059.3	$	—	$	7,059.3
Replacement parts	409.5		159.4		1,156.5		102.4		1,827.8		—		1,827.8
Grain storage and protein production systems	—		—		—		16.0		16.0		816.5		832.5
Combines, application equipment and other machinery	966.2		267.9		590.5		117.7		1,942.3		—		1,942.3
	$	2,298.3	$	1,208.5	$	6,712.3	$	626.3	$	10,845.4	$	816.5	$	11,661.9

__________________________________

(1) “Other” represents the results for the year ended December 31, 2024 for the majority of the Company’s G&P business which was divested on November 1, 2024. The results of the G&P business through the date of the divestiture were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments.

Net sales for the year ended December 31, 2023 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(1)		Total Segments		Other(2)		Consolidated
Primary geographical markets:
United States	$	2,433.9	$	—	$	—	$	—	$	2,433.9	$	527.6	$	2,961.5
Canada	573.7		—		—		—		573.7		64.2		637.9
Germany	—		—		1,736.4		—		1,736.4		13.1		1,749.5
France	—		—		1,487.5		—		1,487.5		6.8		1,494.3
United Kingdom and Ireland	—		—		693.4		—		693.4		9.7		703.1
Finland and Scandinavia	—		—		824.1		—		824.1		13.2		837.3
Italy	—		—		427.6		—		427.6		29.5		457.1
Other Europe	—		—		1,793.7		—		1,793.7		77.8		1,871.5
Brazil	—		1,726.2		—		—		1,726.2		134.1		1,860.3
Other South America	—		340.9		—		—		340.9		17.2		358.1
Middle East and Algeria	—		—		422.5		—		422.5		5.2		427.7
Africa	—		—		—		127.9		127.9		16.4		144.3
Asia	—		—		—		294.0		294.0		68.7		362.7
Australia and New Zealand	—		—		—		371.2		371.2		6.8		378.0
Mexico, Central America and Caribbean	130.6		11.1		—		—		141.7		27.4		169.1
	$	3,138.2	$	2,078.2	$	7,385.2	$	793.1	$	13,394.7	$	1,017.7	$	14,412.4

Major products:
Tractors	$	1,402.3	$	1,288.4	$	5,532.9	$	487.4	$	8,711.0	$	—	$	8,711.0
Replacement parts	421.0		167.5		1,124.7		102.8		1,816.0		—		1,816.0
Grain storage and protein production systems	—		—		—		44.9		44.9		1,017.7		1,062.6
Combines, application equipment and other machinery	1,314.9		622.4		727.6		157.9		2,822.8		—		2,822.8
	$	3,138.2	$	2,078.2	$	7,385.2	$	793.1	$	13,394.7	$	1,017.7	$	14,412.4

____________________________________

(1) Rounding may impact the summation of amounts.

(2) “Other” represents the results for the year ended December 31, 2023 for the majority of the Company’s G&P business which was divested on November 1, 2024. The results of the G&P business through the date of the divestiture were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Acquisitions (Fair Values of the Assets Acquired, Liabilities Assumed and Noncontrolling Interests) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Apr. 01, 2024	Dec. 31, 2023
Business Combination [Line Items]
Goodwill	$ 1,898.8	$ 1,820.4		$ 1,333.4
OneAg
Business Combination [Line Items]
Cash			$ 6.3
Accounts receivable			12.3
Inventories			62.6
Other current assets			6.0
Property, plant and equipment			21.6
Deferred tax assets			0.1
Right-of-use lease assets			2.4
Other assets (non-current)			0.1
Intangible assets			624.6
Goodwill			1,592.2
Total assets acquired			2,328.2
Accounts payable			5.8
Accrued expenses			11.2
Other current liabilities			14.0
Operating lease liabilities			1.6
Deferred tax liabilities			18.0
Other noncurrent liabilities			12.5
Total liabilities assumed			63.1
Redeemable noncontrolling interests			355.1
Net assets acquired			$ 1,910.0

Business Divestiture (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities Classified as Held for Sale

The major categories of divested assets and liabilities as of the date of the divestiture were as follows (in millions):



Assets divested
Cash and cash equivalents	$	25.0
Accounts and notes receivable, net	170.2
Inventories, net	171.6
Other current assets	21.6
Total current assets	388.4
Property, plant and equipment, net	101.8

Right-of-use lease assets	15.2
Other assets	16.5
Intangible assets, net	113.7
Goodwill	203.6
Total assets	$	839.2

Liabilities divested
Accounts payable	$	90.4
Accrued expenses	98.4
Other current liabilities	54.7
Total current liabilities	243.5

Deferred tax liabilities	8.3

Operating lease liabilities	10.5
Other noncurrent liabilities	5.2
Total liabilities	$	267.5

Disposal group, net	$	571.7

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022			74,600,815
Stockholders' equity, beginning of period at Dec. 31, 2022	$ 3,882.6	$ (5.5)	$ 0.7	$ 30.2	$ 5,654.6	$ (5.5)	$ (1,803.1)	$ 0.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,171.3				1,171.4			(0.1)
Net income (loss)	1,171.4
Payment of dividends to stockholders	(457.4)				(457.4)
Issuance of non-employee director restricted stock (in shares)			10,524
Issuance of non-employee director restricted stock	1.5			1.5
Issuance of stock awards (in shares)			256,709
Issuance of stock awards	(20.5)			(20.5)
SSARs exercised (in shares)			21,594
SSARs exercised	(2.1)			(2.1)
Stock compensation	44.9			44.9
Purchases and retirement of common stock (in shares)			(371,669)
Purchases and retirement of common stock	(53.0)			(49.9)	(3.1)
Defined pension and postretirement benefit plans, net of tax	7.4						(7.4)
Deferred gains and losses on derivatives, net of tax	0.1						0.1
Foreign currency translation adjustments	102.3						102.3
Ending balance (in shares) at Dec. 31, 2023			74,517,973
Stockholders' equity, end of period at Dec. 31, 2023	$ 4,656.8		$ 0.7	4.1	6,360.0		(1,708.1)	0.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting standards update	Accounting Standards Update 2016-13 [Member]
Net income (loss)	$ (60.8)
Initial fair value of redeemable noncontrolling interests	355.1
Investment by redeemable noncontrolling interest	8.1
Foreign currency translation adjustments	(2.3)
Redeemable Noncontrolling Interests, Ending balance at Dec. 31, 2024	300.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(485.6)
Net income (loss)	(424.8)				(424.8)
Payment of dividends to stockholders	(273.1)				(273.1)
Issuance of non-employee director restricted stock (in shares)			12,842
Issuance of non-employee director restricted stock	1.7			1.7
Issuance of stock awards (in shares)			198,601
Issuance of stock awards	(14.0)			(13.5)	(0.5)
SSARs exercised (in shares)			3,388
SSARs exercised	(0.2)			(0.2)
Stock compensation	10.2			10.2
Purchases and retirement of common stock (in shares)			(311,852)
Purchases and retirement of common stock	(22.0)			(5.4)	(16.6)
Sale of minority interest	(0.1)							(0.1)
Equity transaction associated with JCA noncontrolling interest	3.1			3.1
Defined pension and postretirement benefit plans, net of tax	19.8						19.8
Deferred gains and losses on derivatives, net of tax	9.7						9.7
Foreign currency translation adjustments	(224.3)						(224.3)
Ending balance (in shares) at Dec. 31, 2024			74,420,952
Stockholders' equity, end of period at Dec. 31, 2024	3,742.8		$ 0.7	0.0	5,645.0		(1,902.9)	0.0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)	(7.5)
Foreign currency translation adjustments	6.6
Redeemable Noncontrolling Interests, Ending balance at Dec. 31, 2025	299.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	719.0
Net income (loss)	726.5				726.5
Payment of dividends to stockholders	(86.5)				(86.5)
Issuance of non-employee director restricted stock (in shares)			16,738
Issuance of non-employee director restricted stock	1.5			1.5
Issuance of stock awards (in shares)			185,717
Issuance of stock awards	(11.4)			(7.0)	(4.4)
SSARs exercised (in shares)			3,107
SSARs exercised	(0.3)			(0.3)
Stock compensation	25.2			25.2
Purchases and retirement of common stock (in shares)			(1,997,204)
Purchases and retirement of common stock	(252.3)			(18.9)	(233.4)
Defined pension and postretirement benefit plans, net of tax	4.6						4.6
Deferred gains and losses on derivatives, net of tax	(5.7)						(5.7)
Foreign currency translation adjustments	138.3						138.3
Ending balance (in shares) at Dec. 31, 2025			72,629,310
Stockholders' equity, end of period at Dec. 31, 2025	$ 4,273.5		$ 0.7	$ 0.5	$ 6,047.2		$ (1,774.9)	$ 0.0

Operations and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Operations and Summary of Significant Accounting Policies

OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

AGCO Corporation (“AGCO” or the “Company”) is a global leader in agricultural machinery and precision agriculture technologies. Driven by a Farmer-First strategy, AGCO delivers value through its differentiated leading brands, Fendt™, Massey Ferguson™, PTx™ and Valtra™. AGCO’s high-performance equipment and smart farming solutions, including brand-agnostic retrofit technologies and autonomous offerings, empower farmers to drive productivity while sustainably feeding the world. The Company distributes most of its products through a combination of approximately 2,800 independent dealers and distributors. The Company also utilizes associates and licensees to provide a distribution channel for its products. In addition, the Company provides retail and wholesale financing through its finance joint ventures with Coöperatieve Rabobank U.A., which together with its affiliates, the Company refers to as “Rabobank.”

Basis of Presentation and Consolidation

Use of Estimates

Foreign Currency Translation

The Company has a wholly-owned subsidiary in Turkey that distributes agricultural equipment and replacement parts. On the basis of available data related to inflation indices and as a result of the devaluation of the Turkish lira relative to the United States dollar, the Turkish economy was determined to be highly inflationary during 2022. A highly inflationary economy is one where the cumulative inflation rate for the three years preceding the beginning of the reporting period, including interim reporting periods, is in excess of 100 percent. For subsidiaries operating in highly inflationary economies, the United States dollar is the functional currency. Remeasurement adjustments for financial statements in highly inflationary economies and other transactional exchange gains and losses are reported in “Other expense (income), net” within the

Company's Consolidated Statements of Operations. For the year ended and as of December 31, 2025, the Company's wholly-owned subsidiary in Turkey had net sales of approximately $262.9 million and total assets of approximately 6.0 billion Turkish lira (or approximately $139.6 million). The monetary assets and liabilities denominated in the Turkish lira were approximately 4.9 billion Turkish lira (or approximately $114.5 million) and approximately 2.7 billion Turkish lira (or approximately $62.6 million), respectively, as of December 31, 2025. The monetary assets and liabilities were remeasured into United States dollars based on exchange rates as of December 31, 2025.

The Company has a wholly-owned subsidiary in Argentina that assembles and distributes agricultural equipment and replacement parts. In recent years, the Argentine government has substantially limited the ability of companies to transfer funds out of Argentina. Argentina's economy was determined to be highly inflationary during 2018. In December 2023, the central bank of Argentina adjusted the official foreign currency exchange rate for the Argentine peso, significantly devaluing the currency relative to the United States dollar. For the year ended and as of December 31, 2025, the Company's wholly-owned subsidiary in Argentina had net sales of approximately $188.4 million and total assets of approximately 313.3 billion pesos (or approximately $216.2 million). The monetary assets of the Company's operations in Argentina denominated in pesos at the official government rate were approximately 85.0 billion pesos (or approximately $58.7 million), inclusive of approximately 16.5 billion pesos (or approximately $11.4 million) in cash and cash equivalents, as of December 31, 2025. The monetary liabilities of the Company's operations in Argentina denominated in pesos at the official government rate were approximately 63.4 billion pesos (or approximately $43.8 million) as of December 31, 2025. The monetary assets and liabilities were remeasured into United States dollars based on exchange rates as of December 31, 2025. The Company's finance joint venture in Argentina, AGCO Capital Argentina S.A. (“AGCO Capital”) has net monetary assets denominated in pesos at the official government rate of approximately 4.3 billion pesos (or approximately $3.0 million) as of December 31, 2025. All gains and losses resulting from AGCO Capital's remeasurement of its monetary assets and liabilities are reported in “Equity in net earnings of affiliates” within the Company's Consolidated Statements of Operations.

Cash, Cash Equivalents and Restricted Cash


	December 31, 2025		December 31, 2024		December 31, 2023
Cash(1)	$	424.5	$	342.5	$	463.8
Cash equivalents(2)	436.6		269.5		131.2
Restricted cash(3)	0.7		0.7		0.5
Total	$	861.8	$	612.7	$	595.5

____________________________________

(1) Consisted primarily of cash on hand and bank deposits.

(3) Consisted primarily of cash in escrow or held as a guarantee.

Property, Plant and Equipment

Accounts and Notes Receivable

The following summarizes by geographic region, as a percentage of the Company’s consolidated net sales, amounts with maximum interest-free periods as presented below (in millions):


Year Ended December 31, 2025	North America		South America		Europe/ Middle East		Asia/ Pacific/Africa		Consolidated
0 to 6 months	$	1,157.0	$	1,115.6	$	6,726.8	$	564.2	$	9,563.6	94.9	%
7 to 12 months	495.0		—		9.9		—		504.9		5.0	%
13 to 24 months	13.5		—		—		—		13.5		0.1	%

	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0	100.0	%


	2025		2024
Sales incentive discounts	$	24.6	$	57.8
Allowance for credit losses	49.9		41.8
	$	74.5	$	99.6

The Company maintains allowances for estimated credit losses, which are developed at a market, country, and region level based on risk of collection as well as current and forecasted economic conditions. The Company calculates the allowance based on an assessment of the risk when the accounts receivable is recognized and records within “Selling, general and administrative expenses” in the Company's Consolidated Statement of Operations. Write-offs are recorded at the time a customer receivable is deemed uncollectible.


			Additions
Description	Balance at Beginning of Period		Acquired Businesses		Charged to Costs and Expenses		Write-offs		Deductions(1)		Foreign Currency Translation		Balance at End of Period
Year ended December 31, 2025
Allowances for credit losses	$	41.8	$	—	$	7.0	$	(1.9)	$	—	$	3.0	$	49.9
Year ended December 31, 2024
Allowances for credit losses	$	31.9	$	—	$	22.0	$	(4.2)	$	(5.5)	$	(2.4)	$	41.8
Year ended December 31, 2023
Allowances for credit losses	$	31.3	$	—	$	4.2	$	(4.6)	$	—	$	1.0	$	31.9

____________________________________

(1) Deductions are the result of the sale of the majority of the Company's Grain & Protein business. Refer to Note 3 for additional information.

In the United States and Canada, sales incentives can be paid through future cash settlements of receivables and through credit memos to Company’s dealers or through reductions in retail financing rates paid to the Company’s finance joint ventures. Outside of the United States and Canada, sales incentives can be paid through cash or credit memos to the Company’s dealers or through reductions in retail financing rates paid to the Company’s finance joint ventures. The Company transfers certain accounts receivable under its accounts receivable sales agreements with its finance joint ventures and other financial institutions (see Note 5). The Company records such transfers as sales of accounts receivable when it is considered to have surrendered control of such receivables under the provisions of ASU 2009-16, “Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets.” Cash payments made to the Company’s finance joint ventures for sales incentive discounts provided to dealers related to outstanding accounts receivables sold are recorded within “Accrued expenses” within the Company's Consolidated Balance Sheets.

Inventories

Goodwill, Other Intangible Assets and Long-Lived Assets

The results of the goodwill impairment analyses conducted as of October 1, 2025 indicated that no impairment existed and no reduction in the carrying amount of goodwill was required.

The results of the goodwill impairment analyses conducted as of October 1, 2024, indicated that the carrying value of the net assets of the Company’s PTx Trimble North America reporting unit, which is part of the North America operating segment, was in excess of the fair value of the reporting unit, and therefore, the Company recorded an impairment charge of approximately $351.0 million within “Impairment charges” in the Company’s Consolidated Statements of Operations. The results of the goodwill impairment analyses conducted as of October 1, 2023 indicated that no impairment existed and no reduction in the carrying amount of goodwill was required. The Company’s accumulated goodwill impairment is approximately $708.2 million related to the PTx Trimble reporting unit in North America as noted above and in 2019, 2012 and 2006 pertaining to its grain storage and protein production systems business in Europe/Middle East, its Chinese harvesting reporting unit and its former sprayer reporting unit, respectively. The Company’s former grain storage and protein production systems Europe/Middle East reporting unit operated within the Europe/Middle East geographical reportable segment. The Chinese harvesting business operates within the Asia/Pacific/Africa geographical reportable segment and the former sprayer reporting unit operated within the North American geographical reportable segment.

The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from three to 50 years. The acquired intangible assets have a weighted average useful life as follows:


Intangible Assets						Weighted-Average Useful Life
Patents and technology						13 years
Customer relationships						16 years
Trademarks and trade names						22 years
Other						13 years

The Company has previously determined that two of its trademarks have an indefinite useful life. The Massey Ferguson trademark has been in existence since 1952 and was formed from the merger of Massey-Harris (established in the 1890’s) and Ferguson (established in the 1930’s). The Company also has identified the Valtra trademark as an indefinite-lived asset. The Valtra trademark has been in existence since the late 1990’s, but is a derivative of the Valmet trademark which has been in existence since 1951. The Valmet name transitioned to the Valtra name over a period of time in the marketplace. Both the Massey Ferguson brand and the Valtra brand are primary product lines of the Company’s business, and the Company plans to use these trademarks for an indefinite period of time. The Company plans to continue to make investments in product development to enhance the value of these brands into the future. There are no legal, regulatory, contractual, competitive, economic or other factors that the Company is aware of or that the Company believes would limit the useful lives of the trademarks. The Massey Ferguson and Valtra trademark registrations can be renewed at a nominal cost in the countries in which the Company operates.

Revenue

Refer to Note 24 for additional information regarding the Company’s sources of revenue and associated contract liabilities and performance obligations.

Research and Development Expenses

Research and development expenses are expensed as incurred and are included in “Engineering expenses” in the Company’s Consolidated Statements of Operations. Research and development expenses for the years ended December 31, 2025, 2024 and 2023 totaled approximately $374.5 million, $381.3 million and $420.9 million, respectively.

Advertising Costs

The Company expenses all advertising costs as incurred. Cooperative advertising costs normally are expensed at the time the revenue is earned. Advertising expenses for the years ended December 31, 2025, 2024 and 2023 totaled approximately $40.9 million, $53.4 million and $56.4 million, respectively.

Shipping and Handling Expenses

Interest Expense, Net

Interest expense, net for the years ended December 31, 2025, 2024 and 2023 consisted of the following (in millions):


	2025		2024		2023
Interest expense	$	123.0	$	159.3	$	68.8
Interest income	(56.6)		(66.3)		(64.2)
	$	66.4	$	93.0	$	4.6

Income Taxes

Comprehensive Income (Loss)

The Company reports comprehensive income (loss), defined as the total of net income (loss) and all other non-owner changes in equity, and the components thereof in its Consolidated Statements of Stockholders’ Equity and Consolidated Statements of Comprehensive Income (Loss). The components of other comprehensive income (loss) and the related tax effects for the years ended December 31, 2025, 2024 and 2023 are as follows (in millions):


	AGCO Corporation						Redeemable Noncontrolling Interests
	2025						2025
	Before-tax Amount		Income Taxes		After-tax Amount		After-tax Amount
Defined pension and postretirement benefit plans	$	(6.7)	$	2.1	$	(4.6)	$	—
Deferred gains and losses on derivatives	(7.1)		1.4		(5.7)		—
Foreign currency translation adjustments	138.3		—		138.3		6.6
Total components of other comprehensive income	$	124.5	$	3.5	$	128.0	$	6.6


	AGCO Corporation						Redeemable and Nonredeemable Noncontrolling Interests
	2024						2024
	Before-tax Amount		Income Taxes		After-tax Amount		After-tax Amount
Defined pension and postretirement benefit plans	$	26.7	$	(6.9)	$	19.8	$	—
Deferred gains and losses on derivatives	13.0		(3.3)		9.7		—
Foreign currency translation adjustments	(224.3)		—		(224.3)		(2.3)
Total components of other comprehensive loss	$	(184.6)	$	(10.2)	$	(194.8)	$	(2.3)


	AGCO Corporation						Noncontrolling Interests
	2023						2023
	Before-tax Amount		Income Taxes		After-tax Amount		After-tax Amount
Defined pension and postretirement benefit plans	$	(10.0)	$	2.6	$	(7.4)	$	—
Deferred gains and losses on derivatives	(0.3)		0.4		0.1		—
Foreign currency translation adjustments	102.3		—		102.3		—
Total components of other comprehensive income	$	92.0	$	3.0	$	95.0	$	—

Derivatives

Leases

Recent Accounting Pronouncements

New Accounting Pronouncements to be Adopted

Income Taxes (Gross Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Gross unrecognized tax benefits:
Gross unrecognized income tax benefits, beginning of period	$ 387.4	$ 351.2
Additions for tax positions of the current year	54.0	55.8
Additions for tax positions of prior years	9.1	7.4
Reductions for tax positions of prior years for:
Changes in judgments	(17.6)
Changes in judgments		(0.5)
Settlements during the year	(8.4)	0.0
Lapses of applicable statute of limitations	(3.9)	(2.4)
Foreign currency translation and other	49.3
Foreign currency translation and other		(24.1)
Gross unrecognized income tax benefits, end of period	$ 469.9	$ 387.4

Product Warranty (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Product Warranty Liability [Line Items]
Minimum product warranty period	1 year
Maximum product warranty period	4 years
Warranty reserves included in accrued expenses	$ 626.6	$ 598.7
Warranty reserves included in other noncurrent liabilities	$ 187.7	$ 144.3
Minimum
Product Warranty Liability [Line Items]
Extended product warrant, period	3 years
Maximum
Product Warranty Liability [Line Items]
Extended product warrant, period	5 years

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 10,082.0	$ 11,661.9	$ 14,412.4
Cost of goods sold	7,515.2	8,762.8	10,635.0
Gross profit	2,566.8	2,899.1	3,777.4
Operating expenses:
Selling, general and administrative expenses	1,309.3	1,397.7	1,454.5
Engineering expenses	487.7	493.0	548.8
Amortization of intangibles	71.1	81.0	57.7
Impairment charges	10.0	369.5	4.1
Restructuring and business optimization expenses	82.2	172.7	11.9
Loss on sale of business	10.8	507.3	0.0
Income (loss) from operations	595.7	(122.1)	1,700.4
Interest expense, net	66.4	93.0	4.6
Other expense (income), net	(72.7)	218.5	362.3
Income (loss) before income taxes and equity in net earnings of affiliates	602.0	(433.6)	1,333.5
Income tax provision (benefit)	(77.4)	98.4	230.4
Income (loss) before equity in net earnings of affiliates	679.4	(532.0)	1,103.1
Equity in net earnings of affiliates	39.6	46.4	68.2
Net income (loss)	719.0	(485.6)	1,171.3
Net loss attributable to noncontrolling interests	7.5	60.8	0.1
Net income (loss) attributable to AGCO Corporation	$ 726.5	$ (424.8)	$ 1,171.4
Net income (loss) per common share attributable to AGCO Corporation:
Basic (in dollars per share)	$ 9.76	$ (5.69)	$ 15.66
Diluted (in dollars per share)	9.75	(5.69)	15.63
Cash dividends declared per common share (in dollars per share)	1.16	3.66	6.10
Cash dividends paid per common share (in dollars per share)	$ 1.16	$ 3.66	$ 6.10
Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)	74.4	74.6	74.8
Diluted (in shares)	74.5	74.7	74.9

Investments in Affiliates (Investment in Affiliates) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]
Investments in affiliates	$ 609.9	$ 519.6
Finance joint ventures
Schedule of Equity Method Investments [Line Items]
Investments in affiliates	562.8	471.4
Manufacturing joint venture
Schedule of Equity Method Investments [Line Items]
Investments in affiliates	37.6	31.4
Other affiliates
Schedule of Equity Method Investments [Line Items]
Investments in affiliates	$ 9.5	$ 16.8

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Operations and Summary of Significant Accounting Policies (Cash and Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash	$ 424.5	$ 342.5	$ 463.8
Cash Equivalents	436.6	269.5	131.2
Restricted cash	0.7	0.7	0.5
Total	$ 861.8	$ 612.7	$ 595.5	$ 789.5

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

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-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477796/946-210-45-20

+ Details

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions, SFr in Millions			12 Months Ended
	Nov. 04, 2024 USD ($)	Mar. 28, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jan. 29, 2028 USD ($)	Jan. 29, 2028 EUR (€)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Nov. 04, 2024 EUR (€)	Nov. 04, 2024 CHF (SFr)	Mar. 21, 2024	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Loss recognized in accumulated other comprehensive loss, after-tax amount			$ 3,100,000
5.800% Senior notes due 2034 \| Senior Notes
Derivative [Line Items]
Interest rate percentage										5.80%
Deferred gains and losses on derivatives
Derivative [Line Items]
AOCI including portion attributable to noncontrolling interest, before tax			1,300,000			$ (4,600,000)	$ (11,700,000)					$ 1,000,000.0
Foreign currency contracts \| Deferred gains and losses on derivatives
Derivative [Line Items]
AOCI including portion attributable to noncontrolling interest, before tax						400,000
Foreign currency contracts \| Derivative instruments not designated as hedging instruments
Derivative [Line Items]
Notional amount						2,865,700,000	3,231,200,000
Foreign currency contracts \| Cash flow hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount			262,200,000			210,800,000	356,700,000
Commodity contracts \| Cash flow hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount			$ 2,500,000			0	$ 0
Treasury rate locks \| Cash flow hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Other comprehensive income (loss), cash flow hedge, gain, before reclassification and tax		$ 8,200,000
Cross currency interest rate contract, payment \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 277,400,000
Cross currency interest rate contract, payment \| Net investment hedging \| Derivative instruments designated as hedging instruments \| Forecast
Derivative [Line Items]
Notional amount \| €					€ 247.9
Cross currency interest rate contract, receipt \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount	300,000,000.0
Gain recognized in other comprehensive loss	22,600,000
Cross currency interest rate contract, receipt \| Net investment hedging \| Derivative instruments designated as hedging instruments \| Forecast
Derivative [Line Items]
Notional amount				$ 300,000,000
Cross currency swap contracts \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount	600,000,000
Cross Currency Interest Rate Contract One \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 200,000,000
Term of contract	3 years
Cross Currency Interest Rate Contract Two \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 200,000,000
Term of contract	5 years
Cross Currency Interest Rate Contract Three \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 200,000,000
Term of contract	7 years
Cross Currency Swap, Payment \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount								€ 385.5	SFr 155.5
Cross Currency Swap, Payment \| Net investment hedging \| Derivative instruments designated as hedging instruments \| Euro
Derivative [Line Items]
Notional amount						$ 452,200,000
Cross Currency Swap, Payment \| Net investment hedging \| Derivative instruments designated as hedging instruments \| Swiss Francs
Derivative [Line Items]
Notional amount	$ 196,100,000
Foreign currency denominated debt \| Net investment hedging \| Derivative instruments designated as hedging instruments
Derivative [Line Items]
Notional amount \| €											€ 150.0

Income Taxes (Provision for Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amount
Provision for income taxes at United States federal statutory rate	$ 126.4	$ (91.1)	$ 280.0
State and local income taxes, net of federal income tax effects	(46.6)	(19.8)	(3.0)
Statutory tax rate difference		23.7	(193.9)
Global intangible low-taxed income, net of credits	26.6
Branch income and loss, net of credits	(43.8)
Subpart F, net of credits	15.7
Research and development tax credits		(6.4)	(9.6)
Changes in valuation allowances		13.1	116.5
Nontaxable or nondeductible items	6.4	108.1	0.0
Changes in unrecognized tax benefits	23.7	30.1	33.2
United States tax restructuring	179.8
Income tax provision	$ (77.4)	$ 98.4	$ 230.4
Percent
Provision for income taxes at United States federal statutory rate	21.00%
State and local income taxes, net of federal income tax effects	(7.70%)
Global intangible low-taxed income, net of credits	4.40%
Branch income and loss, net of credits	(7.30%)
Subpart F, net of credits	2.60%
Nontaxable or nondeductible (gains) losses	0.80%
Changes in unrecognized tax benefits	3.90%
United States tax restructuring	(29.90%)
Effective income tax rate reconciliation, percent	(12.90%)
Effective income tax reconciliation, additional benefits change in permanent reinvestment	$ 39.9
Germany
Amount
Statutory tax rate difference	(13.9)
Trade tax	32.4
Other	$ (3.6)
Percent
Statutory tax rate difference	(2.30%)
Trade tax	5.40%
Other	(0.60%)
Switzerland
Amount
Statutory tax rate difference	$ (39.7)
Other	4.2
Cantonal tax	16.3
Foreign jurisdiction on dividends	$ 6.6
Percent
Statutory tax rate difference	(6.60%)
Other	0.70%
Foreign jurisdiction on dividends	1.10%
Cantonal tax	2.70%
Netherlands
Amount
Other	$ 6.0
Foreign jurisdiction on dividends	8.6
Nontaxable or nondeductible (gains) losses	$ (52.0)
Percent
Other	1.00%
Foreign jurisdiction on dividends	1.40%
Nontaxable or nondeductible (gains) losses	(8.60%)
France
Amount
Statutory tax rate difference	$ 11.6
Other	$ (0.8)
Percent
Statutory tax rate difference	1.90%
Other	(0.10%)
Brazil
Amount
Statutory tax rate difference	$ (19.4)
Other	(5.0)
Brazil interest on net equity	(31.2)
Foreign withholding tax	$ 22.3
Percent
Statutory tax rate difference	(3.20%)
Other	(0.80%)
Brazil interest on net equity	(5.20%)
Foreign withholding tax	3.70%
Argentina
Amount
Other	$ 6.0
Currency remeasurement	$ 6.3
Percent
Other	1.00%
Currency remeasurement	1.10%
India
Amount
Other	$ 0.3
Foreign withholding tax	$ 25.0
Percent
Other	0.10%
Foreign withholding tax	4.20%
China
Amount
Other	$ 6.9
Percent
Other	1.20%
Other foreign
Amount
Statutory tax rate difference	$ 10.6
Percent
Statutory tax rate difference	1.80%
United States
Amount
Research and development tax credits	$ (8.6)
Changes in valuation allowances	5.1
United States tax restructuring	$ 179.8
Percent
Research and development tax credits	(1.40%)
Changes in valuation allowances	0.80%
State and Local Jurisdiction
Amount
United States tax restructuring	$ 42.1

Restructuring and Business Optimization Expenses

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Business Optimization Expenses

RESTRUCTURING AND BUSINESS OPTIMIZATION EXPENSES

Restructuring Expenses

On June 24, 2024, the Company announced a restructuring program (the “Program”) in response to increased weakening demand in the agriculture industry. The initial phase of the Program is focused on further reducing structural costs, streamlining the Company’s workforce and enhancing global efficiencies related to changing the Company’s operating model for certain corporate and back-office functions and better leveraging technology and global centers of excellence. The Company estimated that it would incur charges for one-time termination benefits of approximately $150.0 million to $200.0 million in connection with the initial phase of the Program, primarily consisting of cash charges related to severance payments, employees benefits and related costs. The Company incurred a substantial portion of the charges by the end of fiscal year 2025.

Additionally, in recent years, the Company announced and initiated several actions to rationalize employee headcount in various manufacturing facilities and administrative offices located in the U.S., Europe, South America, Africa and Asia, in order to reduce costs in response to fluctuating global market demand.

Restructuring expenses activity, which relates to severance and other related costs, during the years ended December 31, 2025, 2024 and 2023 is summarized as follows (in millions):



Balance as of December 31, 2022	$	6.8
2023 provision, net of reversals	11.9



2023 cash activity	(9.2)
Foreign currency translation	(1.7)
Balance as of December 31, 2023	7.8
2024 provision, net of reversals	157.8



2024 cash activity	(27.2)
Foreign currency translation	(2.2)
Balance as of December 31, 2024	136.2
2025 provision, net of reversals	46.2



2025 cash activity	(111.2)
Foreign currency translation	11.6
Balance as of December 31, 2025	$	82.8

Approximately $56.9 million and $125.2 million of restructuring expenses are included in “Accrued expenses” in the Company’s Consolidated Balance Sheets as of December 31, 2025 and 2024, respectively. Approximately $25.9 million and $11.0 million of restructuring expenses are included in “Other noncurrent liabilities” in the Company’s Consolidated Balance Sheets as of December 31, 2025 and 2024, respectively.

Business Optimization Expenses

Business optimization expenses primarily relate to professional services costs incurred as part of the restructuring program aimed at reducing structural costs, enhancing global efficiencies by changing the Company’s operating model for certain corporate and back-office functions. During the years ended December 31, 2025 and 2024, the Company recognized approximately $36.0 million and $14.9 million, respectively, of business optimization expenses.

Indebtedness (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt consisted of the following at December 31, 2025 and 2024 (in millions):


	December 31, 2025		December 31, 2024
Credit Facility, expires 2027	$	—	$	—
5.450% Senior notes due 2027	400.0		400.0
5.800% Senior notes due 2034	700.0		700.0
0.800% Senior notes due 2028	703.8		622.7
1.002% EIB Senior term loan due 2025	—		259.5
EIB Senior term loan due 2029	293.3		259.5
EIB Senior term loan due 2030	199.4		176.4
Senior term loans due between 2025 and 2028	97.9		152.0

Debt issuance costs	(9.7)		(12.0)
	2,384.7		2,558.1

Less:

1.002% EIB Senior term loan due 2025	—		(259.5)
Senior term loans due 2025	—		(65.3)
Senior term loans due 2026	(61.6)		—
Total long-term indebtedness	$	2,323.1	$	2,233.3

Maturities of Long-term Debt

At December 31, 2025, the aggregate scheduled maturities of long-term debt, excluding the current portion of long-term debt, are as follows (in millions):


2027	$	397.2
2028	738.6
2029	293.0
2030	199.3
Thereafter	695.0
	$	2,323.1

Pension and Postretirement Benefit Plans (Net Pension And Postretirement Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Net loss recognized due to settlement	$ 0.0	$ 18.5	$ 0.0
Pension plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	7.7	8.2	9.6
Interest cost	27.1	27.8	29.3
Expected return on plan assets	(26.3)	(30.8)	(30.4)
Amortization of net actuarial gains	7.4	1.4	9.4
Amortization of prior service cost	1.6	10.5	1.5
Net loss recognized due to settlement	(0.2)	18.8	0.4
Curtailment (gain) loss	0.0	(0.2)	0.0
Net annual postretirement benefit cost	$ 17.3	$ 35.7	$ 19.8
Weighted average discount rate	5.10%	4.50%	4.90%
Postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.0	$ 0.0	$ 0.1
Interest cost	1.4	1.5	1.3
Amortization of net actuarial gains	(0.1)	0.0	0.0
Amortization of prior service cost	0.3	0.1	0.2
Net annual postretirement benefit cost	$ 1.6	$ 1.6	$ 1.6
Weighted average discount rate	7.20%	6.70%	6.60%

Operations and Summary of Significant Accounting Policies (Allowance For Credit Losses Roll forward) (Details) - Allowances for credit losses - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 41.8	$ 31.9	$ 31.3
Acquired Businesses	0.0	0.0	0.0
Charged to Costs and Expenses	7.0	22.0	4.2
Write-offs	(1.9)	(4.2)	(4.6)
Deductions	0.0	(5.5)	0.0
Foreign Currency Translation	3.0	(2.4)	1.0
Balance at End of Period	$ 49.9	$ 41.8	$ 31.9

Stockholders' Equity

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS' EQUITY

Common Stock

At December 31, 2025, the Company had 150,000,000 authorized shares of common stock with a par value of $0.01 per share, with approximately 72,629,310 shares of common stock outstanding and approximately 3,220,463 shares reserved for issuance under the Company’s Plan (See Note 15).

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 November 2025, the Company entered into accelerated share repurchase (“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. In November 2024, the Company entered into an ASR agreement with a financial institution to repurchase $22.0 million of shares of its common stock. The Company received approximately 228,969 shares associated with the completion of this transaction as of December 31, 2024. In November 2023, the Company entered into an ASR agreement with a financial institution to repurchase $53.0 million of shares of its common stock. The Company received approximately 371,669 shares associated with this transaction as of December 31, 2023. In January 2024, the Company received an additional 82,883 shares upon final settlement of its November 2023 ASR agreement. 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 our Consolidated Balance Sheets.

As of December 31, 2025, the remaining amount authorized to be repurchased under board-approved share repurchase authorizations was approximately $785.0 million, which has no expiration date.

Dividends

The Company’s Board of Directors has declared and the Company has paid cash dividends per common share during the following years:


	2025(1)		2024(2)		2023(3)
Dividends declared and paid per common share	$	1.16	$	3.66	$	6.10

On January 15, 2026, the Company's Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on March 16, 2026, to all stockholders of record as of the close of business on February 13, 2026.

____________________________________

(1) The Company’s Board of Directors declared and the Company has paid quarterly cash dividends of $0.29 per common share during each quarter of 2025.

Accumulated Other Comprehensive Loss


	Defined Pension and Postretirement Benefit Plans		Deferred Gains and Losses on Derivatives		Cumulative Translation Adjustment		Total
Accumulated other comprehensive loss, December 31, 2022	$	(231.2)	$	(0.9)	$	(1,571.0)	$	(1,803.1)
Other comprehensive income (loss) before reclassifications	(15.7)		(8.9)		102.3		77.7
Net losses reclassified from accumulated other comprehensive loss	8.3		9.0		—		17.3
Other comprehensive income (loss)	(7.4)		0.1		102.3		95.0
Accumulated other comprehensive loss, December 31, 2023	$	(238.6)	$	(0.8)	$	(1,468.7)	$	(1,708.1)
Other comprehensive income (loss) before reclassifications	(3.1)		3.4		(224.3)		(224.0)
Net losses reclassified from accumulated other comprehensive loss	22.9		6.3		—		29.2
Other comprehensive income (loss)	19.8		9.7		(224.3)		(194.8)
Accumulated other comprehensive loss, December 31, 2024	$	(218.8)	$	8.9	$	(1,693.0)	$	(1,902.9)
Other comprehensive income (loss) before reclassifications	(11.5)		0.8		138.3		127.6
Net losses (gains) reclassified from accumulated other comprehensive loss	6.9		(6.5)		—		0.4
Other comprehensive income (loss)	(4.6)		(5.7)		138.3		128.0
Accumulated other comprehensive loss, December 31, 2025	$	(223.4)	$	3.2	$	(1,554.7)	$	(1,774.9)


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item within the Consolidated Statements of Operations
	Year ended December 31, 2025(1)		Year ended December 31, 2024(1)		Year ended December 31, 2023(1)
Derivatives:
Net losses (gains) on foreign currency contracts	$	(7.5)	$	6.7	$	11.1	Cost of goods sold
Net losses on commodity contracts	—		0.3		0.1		Cost of goods sold
Net gains on treasury rate locks	(0.8)		(0.7)		—		Interest expense, net
Reclassification before tax	(8.3)		6.3		11.2
Income tax expense (benefit)	1.8		—		(2.2)		Income tax provision
Reclassification net of tax	$	(6.5)	$	6.3	$	9.0

Defined pension and postretirement benefit plans:
Amortization of net actuarial losses	$	7.3	$	10.5	$	9.4	Other expense (income), net(2)
Amortization of prior service cost	1.9		1.5		1.7		Other expense (income), net(2)
Net loss (gain) recognized due to settlement	(0.2)		18.8		—		Other expense (income), net(2)
Reclassification before tax	9.0		30.8		11.1
Income tax benefit	(2.1)		(7.9)		(2.8)		Income tax provision
Reclassification net of tax	$	6.9	$	22.9	$	8.3

Net losses reclassified from accumulated other comprehensive loss	$	0.4	$	29.2	$	17.3

____________________________________

(1) Losses (Gains) included within the Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023, respectively.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost. Refer to Note 20 for additional information.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 946
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (i)
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue (Disaggregated Revenue) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 10,082.0	$ 11,661.9	$ 14,412.4
Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	10,082.0	10,845.4	13,394.7
Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales	0.0	816.5	1,017.7
Tractors
Disaggregation of Revenue [Line Items]
Net sales	6,693.0	7,059.3	8,711.0
Tractors \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		7,059.3	8,711.0
Tractors \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		0.0	0.0
Replacement parts
Disaggregation of Revenue [Line Items]
Net sales	1,873.3	1,827.8	1,816.0
Replacement parts \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		1,827.8	1,816.0
Replacement parts \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		0.0	0.0
Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Net sales	1.3	832.5	1,062.6
Grain storage and protein production systems \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		16.0	44.9
Grain storage and protein production systems \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		816.5	1,017.7
Combines, application equipment and other machinery
Disaggregation of Revenue [Line Items]
Net sales	1,514.4	1,942.3	2,822.8
Combines, application equipment and other machinery \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		1,942.3	2,822.8
Combines, application equipment and other machinery \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		0.0	0.0
United States
Disaggregation of Revenue [Line Items]
Net sales	1,234.4	2,228.9	2,961.5
United States \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		1,757.0	2,433.9
United States \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		471.9	527.6
Canada
Disaggregation of Revenue [Line Items]
Net sales	326.7	488.6	637.9
Canada \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		426.2	573.7
Canada \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		62.4	64.2
Germany
Disaggregation of Revenue [Line Items]
Net sales	1,645.9	1,733.3	1,749.5
Germany \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		1,721.8	1,736.4
Germany \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		11.5	13.1
France
Disaggregation of Revenue [Line Items]
Net sales	1,321.3	1,383.5	1,494.3
France \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		1,378.2	1,487.5
France \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		5.3	6.8
United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Net sales	559.2	540.4	703.1
United Kingdom and Ireland \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		535.0	693.4
United Kingdom and Ireland \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		5.4	9.7
Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Net sales	798.1	778.8	837.3
Finland and Scandinavia \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		772.0	824.1
Finland and Scandinavia \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		6.8	13.2
Italy
Disaggregation of Revenue [Line Items]
Net sales	456.0	386.6	457.1
Italy \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		363.7	427.6
Italy \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		22.9	29.5
Other Europe
Disaggregation of Revenue [Line Items]
Net sales	1,678.1	1,557.1	1,871.5
Other Europe \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		1,512.7	1,793.7
Other Europe \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		44.4	77.8
Brazil
Disaggregation of Revenue [Line Items]
Net sales	825.1	963.7	1,860.3
Brazil \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		882.1	1,726.2
Brazil \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		81.6	134.1
Other South America
Disaggregation of Revenue [Line Items]
Net sales	279.6	338.6	358.1
Other South America \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		316.5	340.9
Other South America \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		22.1	17.2
Middle East and Algeria
Disaggregation of Revenue [Line Items]
Net sales	278.1	433.2	427.7
Middle East and Algeria \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		428.9	422.5
Middle East and Algeria \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		4.3	5.2
Africa
Disaggregation of Revenue [Line Items]
Net sales	109.4	108.6	144.3
Africa \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		98.5	127.9
Africa \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		10.1	16.4
Asia
Disaggregation of Revenue [Line Items]
Net sales	164.7	258.9	362.7
Asia \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		217.3	294.0
Asia \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		41.6	68.7
Australia and New Zealand
Disaggregation of Revenue [Line Items]
Net sales	290.1	315.3	378.0
Australia and New Zealand \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		310.5	371.2
Australia and New Zealand \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		4.8	6.8
Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Net sales	115.3	146.4	169.1
Mexico, Central America and Caribbean \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales		125.0	141.7
Mexico, Central America and Caribbean \| Segment Reconciling Items
Disaggregation of Revenue [Line Items]
Net sales		21.4	27.4
North America
Disaggregation of Revenue [Line Items]
Net sales	1,665.5	2,298.3	3,138.2
North America \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,665.5	2,298.3	3,138.2
North America \| Tractors
Disaggregation of Revenue [Line Items]
Net sales	657.2	922.6	1,402.3
North America \| Replacement parts
Disaggregation of Revenue [Line Items]
Net sales	381.1	409.5	421.0
North America \| Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Combines, application equipment and other machinery
Disaggregation of Revenue [Line Items]
Net sales	627.2	966.2	1,314.9
North America \| United States
Disaggregation of Revenue [Line Items]
Net sales	1,234.4	1,757.0	2,433.9
North America \| Canada
Disaggregation of Revenue [Line Items]
Net sales	326.7	426.2	573.7
North America \| Germany
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| France
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Italy
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Other Europe
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Brazil
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Other South America
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Middle East and Algeria
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Africa
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Asia
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Australia and New Zealand
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
North America \| Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Net sales	104.4	115.1	130.6
South America
Disaggregation of Revenue [Line Items]
Net sales	1,115.6	1,208.5	2,078.2
South America \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,115.6	1,208.5	2,078.2
South America \| Tractors
Disaggregation of Revenue [Line Items]
Net sales	734.4	781.2	1,288.4
South America \| Replacement parts
Disaggregation of Revenue [Line Items]
Net sales	157.1	159.4	167.5
South America \| Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Combines, application equipment and other machinery
Disaggregation of Revenue [Line Items]
Net sales	224.1	267.9	622.4
South America \| United States
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Canada
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Germany
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| France
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Italy
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Other Europe
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Brazil
Disaggregation of Revenue [Line Items]
Net sales	825.1	882.1	1,726.2
South America \| Other South America
Disaggregation of Revenue [Line Items]
Net sales	279.6	316.5	340.9
South America \| Middle East and Algeria
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Africa
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Asia
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Australia and New Zealand
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
South America \| Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Net sales	10.9	9.9	11.1
Europe/ Middle East
Disaggregation of Revenue [Line Items]
Net sales	6,736.7	6,712.3	7,385.2
Europe/ Middle East \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	6,736.7	6,712.3	7,385.2
Europe/ Middle East \| Tractors
Disaggregation of Revenue [Line Items]
Net sales	4,942.3	4,965.3	5,532.9
Europe/ Middle East \| Replacement parts
Disaggregation of Revenue [Line Items]
Net sales	1,227.6	1,156.5	1,124.7
Europe/ Middle East \| Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Combines, application equipment and other machinery
Disaggregation of Revenue [Line Items]
Net sales	566.8	590.5	727.6
Europe/ Middle East \| United States
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Canada
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Germany
Disaggregation of Revenue [Line Items]
Net sales	1,645.9	1,721.8	1,736.4
Europe/ Middle East \| France
Disaggregation of Revenue [Line Items]
Net sales	1,321.3	1,378.2	1,487.5
Europe/ Middle East \| United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Net sales	559.2	535.0	693.4
Europe/ Middle East \| Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Net sales	798.1	772.0	824.1
Europe/ Middle East \| Italy
Disaggregation of Revenue [Line Items]
Net sales	456.0	363.7	427.6
Europe/ Middle East \| Other Europe
Disaggregation of Revenue [Line Items]
Net sales	1,678.1	1,512.7	1,793.7
Europe/ Middle East \| Brazil
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Other South America
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Middle East and Algeria
Disaggregation of Revenue [Line Items]
Net sales	278.1	428.9	422.5
Europe/ Middle East \| Africa
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Asia
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Australia and New Zealand
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Europe/ Middle East \| Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa
Disaggregation of Revenue [Line Items]
Net sales	564.2	626.3	793.1
Asia/ Pacific/Africa \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	564.2	626.3	793.1
Asia/ Pacific/Africa \| Tractors
Disaggregation of Revenue [Line Items]
Net sales	359.1	390.2	487.4
Asia/ Pacific/Africa \| Replacement parts
Disaggregation of Revenue [Line Items]
Net sales	107.5	102.4	102.8
Asia/ Pacific/Africa \| Grain storage and protein production systems
Disaggregation of Revenue [Line Items]
Net sales	1.3	16.0	44.9
Asia/ Pacific/Africa \| Combines, application equipment and other machinery
Disaggregation of Revenue [Line Items]
Net sales	96.3	117.7	157.9
Asia/ Pacific/Africa \| United States
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Canada
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Germany
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| France
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| United Kingdom and Ireland
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Finland and Scandinavia
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Italy
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Other Europe
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Brazil
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Other South America
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Middle East and Algeria
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0
Asia/ Pacific/Africa \| Africa
Disaggregation of Revenue [Line Items]
Net sales	109.4	98.5	127.9
Asia/ Pacific/Africa \| Asia
Disaggregation of Revenue [Line Items]
Net sales	164.7	217.3	294.0
Asia/ Pacific/Africa \| Australia and New Zealand
Disaggregation of Revenue [Line Items]
Net sales	290.1	310.5	371.2
Asia/ Pacific/Africa \| Mexico, Central America and Caribbean
Disaggregation of Revenue [Line Items]
Net sales	$ 0.0	$ 0.0	$ 0.0

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The sources of income (loss) before income taxes and equity in net earnings of affiliates were as follows for the years ended December 31, 2025, 2024 and 2023 (in millions):


	2025		2024		2023
United States	$	(478.1)	$	(1,314.3)	$	(63.5)
Foreign	1,080.1		880.7		1,397.0
Income (loss) before income taxes and equity in net earnings of affiliates	$	602.0	$	(433.6)	$	1,333.5

The provision (benefit) for income taxes by location of the taxing jurisdiction for the years ended December 31, 2025, 2024 and 2023 consisted of the following (in millions):


	2025		2024		2023
Current:
United States:
Federal	$	(13.3)	$	(4.6)	$	45.5
State	2.5		2.3		15.7
Foreign	299.9		203.3		433.6
	289.1		201.0		494.8
Deferred:
United States:
Federal	(266.1)		(104.5)		(64.1)
State	(48.6)		(22.1)		(18.7)
Foreign	(51.8)		24.0		(181.6)
	(366.5)		(102.6)		(264.4)
	$	(77.4)	$	98.4	$	230.4

The Company's income tax provision as of December 31, 2025 includes a net federal tax benefit of $179.8 million related to a legal entity reorganization, which excludes approximately $82.0 million of additional benefits related to a change in the Company's permanent reinvestment assertion and state tax benefits associated with the reorganization. The Company's income tax provision as of December 31, 2023 included a benefit of $112.3 million related to the recognition of a deferred tax asset of $197.7 million, net of a valuation allowance of $85.4 million, related to the finalization of negotiations surrounding the application of Swiss Tax reform legislation enacted in 2020. The provision also included a charge of approximately $26.4 million associated with the Company's enrollment in a Brazilian tax amnesty program, “Litigation Zero”, discussed further below.


	2025
	$		%
Provision for income taxes at United States federal statutory rate	$	126.4	21.0	%
State and local income taxes, net of federal income tax effects(1)	(46.6)		(7.7)	%
Foreign tax effects:
Germany
Statutory income tax rate differential	(13.9)		(2.3)	%
Trade tax	32.4		5.4	%
Other	(3.6)		(0.6)	%
Switzerland
Statutory income tax rate differential	(39.7)		(6.6)	%
Cantonal tax	16.3		2.7	%
Foreign jurisdiction on dividends	6.6		1.1	%
Other	4.2		0.7	%
Netherlands
Nontaxable or nondeductible (gains) losses	(52.0)		(8.6)	%
Foreign jurisdiction on dividends	8.6		1.4	%
Other	6.0		1.0	%

France
Statutory income tax rate differential	11.6		1.9	%
Other	(0.8)		(0.1)	%
Brazil
Statutory income tax rate differential	(19.4)		(3.2)	%
Brazil interest on net equity	(31.2)		(5.2)	%
Foreign withholding tax	22.3		3.7	%
Other	(5.0)		(0.8)	%
Argentina
Currency remeasurement	6.3		1.1	%
Other	6.0		1.0	%
India
Foreign withholding tax	25.0		4.2	%
Other	0.3		0.1	%
China	6.9		1.2	%
Other foreign jurisdictions	10.6		1.8	%

Effect of cross-border tax laws:
Global intangible low-taxed income, net of credits	26.6		4.4	%
Branch income and loss, net of credits	(43.8)		(7.3)	%
Subpart F, net of credits	15.7		2.6	%
Tax credits:
Research and development tax credits	(8.6)		(1.4)	%
Changes in valuation allowances	5.1		0.8	%
Nontaxable or nondeductible items	6.4		0.8	%


Changes in unrecognized tax benefits	23.7		3.9	%
Other:
United States tax restructuring(2)	(179.8)		(29.9)	%
	$	(77.4)	(12.9)	%

____________________________________

(1) State taxes in Iowa, Illinois, Kansas, and Minnesota made up the majority (greater than 50%) of the tax effect in this category.


	2024		2023
Provision for income taxes at United States federal statutory rate	$	(91.1)	$	280.0
Impairment charges	108.1		—
State and local income taxes, net of federal income tax effects	(19.8)		(3.0)
Taxes on foreign income which differ from the United States statutory rate(1)	23.7		(193.9)
Foreign inclusion, net of foreign tax credits	42.8		13.5
Tax effect of permanent differences	13.6		(34.0)
Change in valuation allowance(1)	13.1		116.5
Change in tax contingency reserves	30.1		33.2
Research and development tax credits	(6.4)		(9.6)
Brazil Amnesty Program, net of United States foreign tax credit	—		26.4
Other, net(2)	(15.7)		1.3
	$	98.4	$	230.4

____________________________________

The significant components of the deferred tax assets and liabilities at December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	112.2	$	30.3
Sales incentive discounts	84.2		117.8
Inventory valuation reserves	60.3		48.8
Pension and postretirement health care benefits	19.5		15.4
Warranty and other reserves	146.5		122.0
Research and development tax credits	13.8		0.3
Foreign tax credits	74.5		36.0
Swiss tax basis adjustment	127.5		182.8
Investment in affiliates	50.9		67.5
U.S. tax basis intangibles	207.9		—
Book over tax depreciation and amortization	22.8		—
Other	41.9		30.6
Total gross deferred tax assets	962.0		651.5
Valuation allowance	(179.5)		(147.2)
Total deferred tax assets	782.5		504.3
Deferred tax liabilities:
Tax over book depreciation and amortization	—		62.3

Other	3.5		6.0
Total deferred tax liabilities	3.5		68.3
Net deferred tax assets	$	779.0	$	436.0
Amounts recognized in Consolidated Balance Sheets:

Deferred tax assets - noncurrent	$	905.5	$	561.0

Deferred tax liabilities - noncurrent	(126.5)		(125.0)
	$	779.0	$	436.0

As reflected in the preceding table, the Company recorded a net deferred tax asset of $779.0 million and $436.0 million as of December 31, 2025 and 2024, respectively, and had a valuation allowance against its gross deferred tax assets of approximately $179.5 million and $147.2 million as of December 31, 2025 and 2024, respectively.

The Company maintains a valuation allowance to reserve a portion of its net deferred tax assets in the United States and certain foreign jurisdictions. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company assessed the likelihood that its deferred tax assets would be recovered from estimated future taxable income and the current economic climate, as well as available tax planning strategies, and determined that all adjustments to the valuation allowance were appropriate. The Company believes it is more likely than not that it will realize its remaining net deferred tax assets, net of the valuation allowance, in future years.

Changes in the valuation allowance during the years ended December 31, 2025, 2024 and 2023 are summarized as follows (in millions):


			Additions
Description	Balance at Beginning of Period		Acquired Businesses		Charged (Credited) to Costs and Expenses(1)		Deductions(2)		Foreign Currency Translation		Balance at End of Period
Year ended December 31, 2025
Deferred tax valuation allowance	$	147.2	$	—	$	19.4	$	—	$	12.9	$	179.5
Year ended December 31, 2024
Deferred tax valuation allowance	$	149.8	$	—	$	13.1	$	(8.7)	$	(7.0)	$	147.2
Year ended December 31, 2023
Deferred tax valuation allowance	$	47.3	$	—	$	116.5	$	(16.7)	$	2.7	$	149.8

____________________________________

In tax jurisdictions outside of the United States, the Company had net operating loss carryforwards of $315.3 million as of December 31, 2025, with expiration dates as follows: 2026 - $3.0 million; 2027 - $4.4 million; 2028 - $16.9 million; 2029 and thereafter - $45.3 million and unlimited - $245.7 million. The Company had U.S. state net operating loss carryforwards of $17.1 million as of December 31, 2025.

The Company paid income taxes for the year ended December 31, 2025 as follows (in millions):


	2025
U.S. federal	$	—
U.S. state and local	4.1
Foreign:
Canada	17.5
Germany
Corporate income tax	46.3
Trade tax	55.4
France	27.7
Switzerland	29.1
Brazil	22.3
India	26.4
Other foreign	54.3
Income taxes, net of amounts refunded	$	283.1

The table above presents jurisdictions in which income taxes paid exceed 5% of total income taxes, net of refunds. Unless otherwise indicated, amounts for foreign jurisdictions include both national and provincial income taxes paid. The Company paid income taxes of $344.0 million and $463.6 million for the years ended December 31, 2024 and 2023, respectively.

The Company recognizes income tax benefits from uncertain tax positions only when there is a more than 50% likelihood that the tax positions will be sustained upon examination by the taxing authorities based on the technical merits of the positions. At December 31, 2025 and 2024, the Company had approximately $3.8 million and $9.3 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, reflected in “Other current liabilities” in the Company’s Consolidated Balance Sheets. At December 31, 2025 and 2024, the Company had approximately $465.8 million and

$378.4 million, respectively, of accrued taxes reflected in “Other noncurrent liabilities” in the Company’s Consolidated Balance Sheets. The Company accrued approximately $1.8 million and $3.6 million of interest and penalties related to unrecognized tax benefits in its provision for income taxes during 2025 and 2024, respectively. At December 31, 2025 and 2024, the Company had accrued interest and penalties related to unrecognized tax benefits of $34.7 million and $30.9 million, respectively.

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits as of and during the years ended December 31, 2025 and 2024 is as follows (in millions):


	2025		2024
Gross unrecognized income tax benefits at the beginning of the year	$	387.4	$	351.2
Additions for tax positions of the current year	54.0		55.8
Additions for tax positions of prior years	9.1		7.4

Reductions for tax positions of prior years for:
Changes in judgments	(17.6)		(0.5)
Settlements during the year	(8.4)		—
Lapses of applicable statute of limitations	(3.9)		(2.4)
Foreign currency translation and other	49.3		(24.1)
Gross unrecognized income tax benefits at the end of the year	$	469.9	$	387.4

At December 31, 2025 and 2024, the Company had $469.9 million and $387.4 million, respectively, of unrecognized income tax benefits, which would affect the Company’s effective tax rate if recognized. The reconciliation of gross unrecognized income tax benefits above for 2025 and 2024 excludes certain indirect favorable effects that relate to other tax jurisdictions of approximately $161.4 million and $126.4 million, respectively. The change in certain indirect favorable effects between 2025 and 2024 includes approximately $17.9 million and $30.2 million, respectively, related to additions and reductions for tax positions of current and prior years, changes in judgments and lapses of statutes of limitations. During 2022, the Company made the determination that it will be able to utilize approximately $15.7 million of indirect favorable benefits in the United States related to the settlement of a foreign audit examination. In addition, the gross unrecognized income tax benefits as of December 31, 2025 and 2024 exclude certain deposits made in a foreign jurisdiction of approximately $28.5 million, net of $21.0 million refunds received, and $25.2 million, net of $18.5 million refunds received, respectively, associated with an ongoing audit.

The Company and its subsidiaries file income tax returns in the United States and in various state, local and foreign jurisdictions. The Company and its subsidiaries are routinely examined by tax authorities in these jurisdictions. As of December 31, 2025, a number of income tax examinations in foreign jurisdictions, as well as the United States, were ongoing. It is possible that certain of these ongoing examinations may be resolved within 12 months. Due to the potential for resolution of federal, state and foreign examinations, and the expiration of various statutes of limitation, it is reasonably possible that the Company’s gross unrecognized income tax benefits balance may materially change within the next 12 months. In certain foreign jurisdictions, there are either statutory expirations or the Company’s settlement expectations such that approximately $3.8 million could be concluded within the next 12 months. Although there are ongoing examinations in various federal and state jurisdictions, the 2020 through 2025 tax years generally remain subject to examination in the United States by applicable authorities. In the Company’s significant foreign jurisdictions, primarily the United Kingdom, France, Germany, Switzerland, Finland and Brazil, the 2019 through 2025 tax years generally remain subject to examination by their respective tax authorities.

In 2008 and 2012, 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 December 31, 2023 would have been approximately 131.5 million Brazilian reais (or approximately $27.1 million) and subject to significant interest and penalties. In the first quarter of 2023, the Brazilian government issued a “Litigation Zero” tax amnesty program, whereby cases being disputed at the administrative court level of review for a period of more than ten years could be considered for amnesty. Enrollment in the amnesty program was not considered an admission of guilt and allowed for outstanding contested cases to be settled at a significant monetary discount. The Company contested the disallowance and had been historically advised by its legal and tax advisors that its position was allowable under the tax laws of Brazil. After weighing various impacts involved with enrollment, including the avoidance of potential interest, penalties and legal costs, the Company enrolled in the program in the quarter ended March 31, 2023. The Company recorded approximately 182.6 million

Brazilian reais (or approximately $34.8 million) within “Income tax provision” net of associated U.S. income tax credits of approximately $8.4 million and completed its installment payments related to its enrollment in the program during the year ended December 31, 2023.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Income Taxes (Income Tax Paid) (Details) $ in Millions	12 Months Ended
Income Taxes (Income Tax Paid) (Details) $ in Millions	Dec. 31, 2025 USD ($)
Foreign:
Income taxes, net of amounts refunded	$ 283.1
United States
Effective Income Tax Rate Reconciliation [Line Items]
Income tax paid, federal, after refund received	0.0
Income tax paid, state and local, after refund received	4.1
Canada
Foreign:
Income tax paid, foreign, after refund received	17.5
Germany, Corporate Income Tax
Foreign:
Income tax paid, foreign, after refund received	46.3
Germany, Trade Tax
Foreign:
Income tax paid, foreign, after refund received	55.4
France
Foreign:
Income tax paid, foreign, after refund received	27.7
Switzerland
Foreign:
Income tax paid, foreign, after refund received	29.1
Brazil
Foreign:
Income tax paid, foreign, after refund received	22.3
India
Foreign:
Income tax paid, foreign, after refund received	26.4
Other foreign
Foreign:
Income tax paid, foreign, after refund received	$ 54.3

Revenue (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Changes in Contract Liabilities

The following table summarizes the balance of contract liabilities as of December 31, 2025 and 2024 (in millions):


	2025		2024










Contract liabilities	$	386.1	$	341.5

Disaggregation of Revenue

Net sales for the year ended December 31, 2025 disaggregated by primary geographical markets and major products consisted of the following (in millions):


	North America		South America		Europe/ Middle East		Asia/ Pacific/Africa		Consolidated
Primary geographical markets:
United States	$	1,234.4	$	—	$	—	$	—	$	1,234.4
Canada	326.7		—		—		—		326.7
Germany	—		—		1,645.9		—		1,645.9
France	—		—		1,321.3		—		1,321.3
United Kingdom and Ireland	—		—		559.2		—		559.2
Finland and Scandinavia	—		—		798.1		—		798.1
Italy	—		—		456.0		—		456.0
Other Europe	—		—		1,678.1		—		1,678.1
Brazil	—		825.1		—		—		825.1
Other South America	—		279.6		—		—		279.6
Middle East and Algeria	—		—		278.1		—		278.1
Africa	—		—		—		109.4		109.4
Asia	—		—		—		164.7		164.7
Australia and New Zealand	—		—		—		290.1		290.1
Mexico, Central America and Caribbean	104.4		10.9		—		—		115.3
	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0

Major products:
Tractors	$	657.2	$	734.4	$	4,942.3	$	359.1	$	6,693.0
Replacement parts	381.1		157.1		1,227.6		107.5		1,873.3
Grain storage and protein production systems	—		—		—		1.3		1.3
Combines, application equipment and other machinery	627.2		224.1		566.8		96.3		1,514.4
	$	1,665.5	$	1,115.6	$	6,736.7	$	564.2	$	10,082.0

Net sales for the year ended December 31, 2024 disaggregated by primary geographical markets and major products consisted of the following (in millions):


	North America		South America		Europe/ Middle East		Asia/Pacific/Africa		Total Segments		Other(1)		Consolidated
Primary geographical markets:
United States	$	1,757.0	$	—	$	—	$	—	$	1,757.0	$	471.9	$	2,228.9
Canada	426.2		—		—		—		426.2		62.4		488.6
Germany	—		—		1,721.8		—		1,721.8		11.5		1,733.3
France	—		—		1,378.2		—		1,378.2		5.3		1,383.5
United Kingdom and Ireland	—		—		535.0		—		535.0		5.4		540.4
Finland and Scandinavia	—		—		772.0		—		772.0		6.8		778.8
Italy	—		—		363.7		—		363.7		22.9		386.6
Other Europe	—		—		1,512.7		—		1,512.7		44.4		1,557.1
Brazil	—		882.1		—		—		882.1		81.6		963.7
Other South America	—		316.5		—		—		316.5		22.1		338.6
Middle East and Algeria	—		—		428.9		—		428.9		4.3		433.2
Africa	—		—		—		98.5		98.5		10.1		108.6
Asia	—		—		—		217.3		217.3		41.6		258.9
Australia and New Zealand	—		—		—		310.5		310.5		4.8		315.3
Mexico, Central America and Caribbean	115.1		9.9		—		—		125.0		21.4		146.4
	$	2,298.3	$	1,208.5	$	6,712.3	$	626.3	$	10,845.4	$	816.5	$	11,661.9

Major products:
Tractors	$	922.6	$	781.2	$	4,965.3	$	390.2	$	7,059.3	$	—	$	7,059.3
Replacement parts	409.5		159.4		1,156.5		102.4		1,827.8		—		1,827.8
Grain storage and protein production systems	—		—		—		16.0		16.0		816.5		832.5
Combines, application equipment and other machinery	966.2		267.9		590.5		117.7		1,942.3		—		1,942.3
	$	2,298.3	$	1,208.5	$	6,712.3	$	626.3	$	10,845.4	$	816.5	$	11,661.9

__________________________________

Net sales for the year ended December 31, 2023 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(1)		Total Segments		Other(2)		Consolidated
Primary geographical markets:
United States	$	2,433.9	$	—	$	—	$	—	$	2,433.9	$	527.6	$	2,961.5
Canada	573.7		—		—		—		573.7		64.2		637.9
Germany	—		—		1,736.4		—		1,736.4		13.1		1,749.5
France	—		—		1,487.5		—		1,487.5		6.8		1,494.3
United Kingdom and Ireland	—		—		693.4		—		693.4		9.7		703.1
Finland and Scandinavia	—		—		824.1		—		824.1		13.2		837.3
Italy	—		—		427.6		—		427.6		29.5		457.1
Other Europe	—		—		1,793.7		—		1,793.7		77.8		1,871.5
Brazil	—		1,726.2		—		—		1,726.2		134.1		1,860.3
Other South America	—		340.9		—		—		340.9		17.2		358.1
Middle East and Algeria	—		—		422.5		—		422.5		5.2		427.7
Africa	—		—		—		127.9		127.9		16.4		144.3
Asia	—		—		—		294.0		294.0		68.7		362.7
Australia and New Zealand	—		—		—		371.2		371.2		6.8		378.0
Mexico, Central America and Caribbean	130.6		11.1		—		—		141.7		27.4		169.1
	$	3,138.2	$	2,078.2	$	7,385.2	$	793.1	$	13,394.7	$	1,017.7	$	14,412.4

Major products:
Tractors	$	1,402.3	$	1,288.4	$	5,532.9	$	487.4	$	8,711.0	$	—	$	8,711.0
Replacement parts	421.0		167.5		1,124.7		102.8		1,816.0		—		1,816.0
Grain storage and protein production systems	—		—		—		44.9		44.9		1,017.7		1,062.6
Combines, application equipment and other machinery	1,314.9		622.4		727.6		157.9		2,822.8		—		2,822.8
	$	3,138.2	$	2,078.2	$	7,385.2	$	793.1	$	13,394.7	$	1,017.7	$	14,412.4

____________________________________

(1) Rounding may impact the summation of amounts.

Operations and Summary of Significant Accounting Policies (Accounts and Notes Receivable Allowances) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for sales incentive discounts and credit losses	$ 49.9	$ 41.8	$ 31.9	$ 31.3
Accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for sales incentive discounts and credit losses	74.5	99.6
Accounts receivable \| Sales incentive discounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for sales incentive discounts and credit losses	24.6	57.8
Accounts receivable \| Allowance for credit losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for sales incentive discounts and credit losses	$ 49.9	$ 41.8

Operations and Summary of Significant Accounting Policies (Acquired Intangible Assets Useful Life) (Details)	12 Months Ended
	Dec. 31, 2025 asset
Trademarks
Intangible Asset, Acquired, Finite-Lived [Line Items]
Number of intangible assets	2
Patents and technology
Intangible Asset, Acquired, Finite-Lived [Line Items]
Weighted-Average Useful Life	13 years
Customer relationships
Intangible Asset, Acquired, Finite-Lived [Line Items]
Weighted-Average Useful Life	16 years
Trademarks and trade names
Intangible Asset, Acquired, Finite-Lived [Line Items]
Weighted-Average Useful Life	22 years
Other
Intangible Asset, Acquired, Finite-Lived [Line Items]
Weighted-Average Useful Life	13 years

Product Warranty (Tables)

12 Months Ended

Dec. 31, 2025

Guarantees and Product Warranties [Abstract]

Schedule of Product Warranty Reserves


	2025		2024		2023
Balance at beginning of the year	$	743.0	$	800.8	$	640.0
Acquisitions	—		4.1		—
Accruals for warranties issued	413.5		396.3		464.9
Settlements made and deferred revenue recognized	(415.2)		(401.0)		(328.7)
Divestiture	—		(6.2)		—
Foreign currency translation	73.0		(51.0)		24.6
Balance at the end of the year	$	814.3	$	743.0	$	800.8

Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Basic net income (loss) per share:
Net income (loss) attributable to AGCO Corporation	$ 726.5	$ (424.8)	$ 1,171.4
Weighted average number of common shares outstanding (in shares)	74.4	74.6	74.8
Basic net income (loss) per share attributable to AGCO Corporation (in dollars per share)	$ 9.76	$ (5.69)	$ 15.66
Diluted net income (loss) per share:
Net income (loss) attributable to AGCO Corporation	$ 726.5	$ (424.8)	$ 1,171.4
Weighted average number of common shares outstanding (in shares)	74.4	74.6	74.8
Dilutive SSARs and RSUs (in shares)	0.1	0.1	0.1
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income (loss) per share (in shares)	74.5	74.7	74.9
Diluted net income (loss) per share attributable to AGCO Corporation (in dollars per share)	$ 9.75	$ (5.69)	$ 15.63

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 49: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Pension and Postretirement Benefit Plans

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Pension and Postretirement Benefit Plans

PENSION AND POSTRETIREMENT BENEFIT PLANS

The Company sponsors defined benefit pension plans covering certain employees, principally in the United Kingdom, Germany, Switzerland, Finland, France, Norway and Argentina. The Company also provides certain postretirement health care and life insurance benefits for certain employees, principally in the United States and Brazil.

The Company merged its U.S. qualified defined benefit pension plans for hourly and salaried employees into one plan (the “Plan”) on December 31, 2023 and finalized the termination of the Plan in 2024. In connection with the termination process, the Company offered a lump sum benefit payout option to Plan participants, and the remaining assets of the Plan were used to purchase a group annuity contract that transferred the remaining plan liabilities to an insurance carrier. The termination process was finalized by December 31, 2024 and the settlement resulted in the recognition of approximately $18.5 million within “Other expense (income), net” within the Company's Consolidated Statements of Operations representing the amounts previously recognized in “Accumulated other comprehensive loss.” As of December 31, 2024, there were no remaining balances on the balance sheet related to the Plan.

The Company also maintains an Executive Nonqualified Pension Plan (“ENPP”) in the U.S. that provides certain senior executives with retirement income for a period of 15 years or up to a lifetime annuity, if certain requirements are met. Benefits under the ENPP vest if the participant has attained age 50 and has at least ten years of service (including five years as a participant in the ENPP), but are not payable until the participant reaches age 65. The lifetime annuity benefit generally is available only to vested participants who retire on or after reaching age 65 and was eliminated during 2021 for participants reaching age 65 subsequent to December 31, 2022. The ENPP is an unfunded, nonqualified defined benefit pension plan. The ENPP was frozen as of December 31, 2024 against future benefit accruals.

Net annual pension costs for the years ended December 31, 2025, 2024 and 2023 for the Company’s defined benefit pension plans and ENPP are set forth below (in millions):


Pension benefits	2025		2024		2023
Service cost	$	7.7	$	8.2	$	9.6
Interest cost	27.1		27.8		29.3
Expected return on plan assets	(26.3)		(30.8)		(30.4)
Amortization of net actuarial losses	7.4		1.4		9.4
Amortization of prior service cost	1.6		10.5		1.5
Net loss recognized due to settlement	(0.2)		18.8		0.4

Curtailment (gain) loss	—		(0.2)		—
Net annual pension cost	$	17.3	$	35.7	$	19.8

The components of net periodic pension and postretirement benefits cost, other than the service cost component, are included in “Other expense (income), net” in the Company’s Consolidated Statements of Operations.

The weighted average assumptions used to determine the net annual pension costs for the Company’s defined benefit pension plans and ENPP for the years ended December 31, 2025, 2024 and 2023 are as follows:


	2025		2024		2023
All plans:
Weighted average discount rate	5.1	%	4.5	%	4.9	%
Weighted average expected long-term rate of return on plan assets	5.2	%	5.5	%	5.5	%
Rate of increase in future compensation	1.5%-5.0%		1.7%-5.0%		1.8%-5.0%
U.S.-based plans:
Weighted average discount rate	5.8	%	5.3	%	5.7	%
Weighted average expected long-term rate of return on plan assets(1)	—	%	5.8	%	5.8	%
Rate of increase in future compensation(2)	5.0	%	5.0	%	5.0	%

___________________________________

(1) Applicable for U.S. funded, qualified plan. The termination process was finalized by December 31, 2024.

(2) Applicable for U.S. unfunded, nonqualified plan.

Net annual postretirement benefit costs, and the weighted average discount rate used to determine them, for the years ended December 31, 2025, 2024 and 2023 are set forth below (in millions, except percentages):


Postretirement benefits	2025			2024			2023
Service cost	$	—		$	—		$	0.1
Interest cost	1.4			1.5			1.3
Amortization of net actuarial gains	(0.1)			—			—
Amortization of prior service cost	0.3			0.1			0.2

Net annual postretirement benefit cost	$	1.6		$	1.6		$	1.6
Weighted average discount rate	7.2		%	6.7		%	6.6		%

The following tables set forth reconciliations of the changes in benefit obligation, plan assets and funded status as of December 31, 2025 and 2024 (in millions):


	Pension and ENPP Benefits				Postretirement Benefits
Change in benefit obligation	2025		2024		2025		2024
Benefit obligation at beginning of year	$	550.1	$	647.0	$	19.7	$	23.0
Service cost	7.7		8.2		—		—
Interest cost	27.1		27.8		1.4		1.5
Plan participants’ contributions	1.0		1.3		—		—
Actuarial losses (gains)	7.8		(42.3)		4.7		(3.1)
Acquisitions	—		—		(0.2)		—
Amendments	0.1		(0.3)		—		1.6

Settlements	(5.7)		(34.0)		—		—
Benefits paid	(42.3)		(44.4)		(1.5)		(1.9)

Foreign currency exchange rate changes	38.2		(12.2)		0.9		(1.4)
Curtailment	—		(1.0)		—		—
Benefit obligation at end of year	$	584.0	$	550.1	$	25.0	$	19.7

	Pension and ENPP Benefits				Postretirement Benefits
Change in plan assets	2025		2024		2025		2024
Fair value of plan assets at beginning of year	$	494.0	$	572.0	$	—	$	—
Actual return on plan assets	22.9		(18.2)		—		—
Employer contributions	14.8		26.9		1.5		1.8
Plan participants’ contributions	1.0		1.3		—		—
Benefits paid	(42.3)		(44.4)		(1.5)		(1.9)
Settlements	(5.7)		(33.9)		—		—

Foreign currency exchange rate changes	37.4		(9.7)		—		0.1
Fair value of plan assets at end of year	$	522.1	$	494.0	$	—	$	—
Funded status	$	(61.9)	$	(56.0)	$	(25.0)	$	(19.7)


	Pension and ENPP Benefits				Postretirement Benefits
Amounts recognized in Consolidated Balance Sheets:	2025		2024		2025		2024
Other assets (noncurrent)	$	95.9	$	92.9	$	—	$	—
Other current liabilities	(7.6)		(7.5)		(2.0)		(1.6)
Accrued expenses	(4.0)		(3.7)		—		—
Pension and postretirement health care benefits (noncurrent)	(146.2)		(137.7)		(23.0)		(18.1)
Net amount recognized	$	(61.9)	$	(56.0)	$	(25.0)	$	(19.7)

The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s ENPP and defined pension and postretirement benefit plans during the years ended December 31, 2025, 2024 and 2023 (in millions):


	Before-Tax Amount		Income Tax Expense (Benefit)		After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2022	$	(304.4)	$	(73.2)	$	(231.2)

Net loss recognized due to settlement	0.4		—		0.4

Net actuarial loss arising during the year	(21.5)		(5.4)		(16.1)
Amortization of prior service cost	1.7		0.4		1.3
Amortization of net actuarial losses	9.4		2.4		7.0
Accumulated other comprehensive loss as of December 31, 2023	$	(314.4)	$	(75.8)	$	(238.6)
Prior service cost arising during the year	(1.4)		(0.5)		(0.9)
Net loss recognized due to settlement	18.8		4.8		14.0

Net actuarial loss arising during the year	(2.7)		(0.5)		(2.2)
Amortization of prior service cost	1.5		0.4		1.1
Amortization of net actuarial losses	10.5		2.7		7.8
Accumulated other comprehensive loss as of December 31, 2024	$	(287.7)	$	(68.9)	$	(218.8)
Prior service cost arising during the year	(0.1)		—		(0.1)
Net gain recognized due to settlement	(0.2)		—		(0.2)

Net actuarial loss arising during the year	(15.6)		(4.2)		(11.4)
Amortization of prior service cost	1.9		0.4		1.5
Amortization of net actuarial losses	7.3		1.7		5.6
Accumulated other comprehensive loss as of December 31, 2025	$	(294.4)	$	(71.0)	$	(223.4)

The unrecognized net actuarial losses included in accumulated other comprehensive loss related to the Company’s defined benefit pension plans and ENPP as of December 31, 2025 and 2024 are set forth below (in millions):


	2025		2024
Unrecognized net actuarial losses	$	260.4	$	256.7

The increase in unrecognized net actuarial losses between years is primarily due to the termination of the U.S. qualified defined benefit plan in the prior year, as well as the total net impact of the changes in the assumptions, specifically the decrease in the discount rate. The unrecognized net actuarial losses will be impacted in future periods by actual asset returns, discount rate changes, currency exchange rate fluctuations, actual demographic experience and certain other factors. For some of the Company’s defined benefit pension plans, these losses, to the extent they exceed 10% of the greater of the plan’s liabilities or the fair value of assets (“the gain/loss corridor”), will be amortized on a straight-line basis over the periods discussed as follows. For the Company’s U.K. defined benefit pension plan, the population covered is predominantly inactive participants, and losses related to those plans, to the extent they exceed the gain/loss corridor, will be amortized over the average remaining lives of those participants while covered by the respective plan. For the Company’s ENPP, the population is predominantly active participants, and losses related to the plan will be amortized over the average future working lifetime of the active participants expected to receive benefits. As of December 31, 2025, the average amortization periods were as follows:


	ENPP	U.K. Plan
Average amortization period of losses related to defined benefit pension plans	6.5 years	16.3 years

The following table summarizes the unrecognized prior service cost related to the Company’s defined benefit pension plans as of December 31, 2025 and 2024 (in millions):


	2025		2024
Unrecognized prior service cost	$	28.3	$	29.8

The decrease in the unrecognized prior service cost between years is due primarily to the amortization of unrecognized prior service cost related to prior plan amendments.

The following table summarizes the unrecognized net actuarial gains included in the Company’s accumulated other comprehensive loss related to the Company’s U.S. and Brazilian postretirement health care benefit plans as of December 31, 2025 and 2024 (in millions):


	2025		2024
Unrecognized net actuarial losses (gains)(1)	$	1.6	$	(3.3)

___________________________________

(1) Includes a gain of approximately $0.6 million and $1.3 million, respectively, related to the Company’s U.S. postretirement benefit plans.

The change in unrecognized net actuarial losses (gains) related to the Company’s U.S. and Brazilian postretirement benefit plans is primarily resulting from the loss in relation to the change in the projected benefit obligation as a result of the unfavorable impact of the underlying assumptions as of December 31, 2025. The unrecognized net actuarial gains or losses will be impacted in future periods by discount rate changes, actual demographic experience, actual health care inflation and certain other factors. These gains or losses, to the extent they exceed the gain/loss corridor, will be amortized on a straight-line basis over the average remaining service period of active employees expected to receive benefits, or the average remaining lives of inactive participants, covered under the postretirement benefit plans. As of December 31, 2025, the gains or losses did not exceed the corridor for the Company’s U.S. postretirement benefit plan and therefore, there will be no amortization of unrecognized gains or losses during 2025.

As of December 31, 2025 and 2024, the net prior service cost related to the Company’s Brazilian postretirement health care benefit plans was as follows (in millions):


	2025		2024
Net prior service cost	$	4.1	$	4.5

The following table summarizes the fair value of plan assets, aggregate projected benefit obligation and accumulated benefit obligation as of December 31, 2025 and 2024 for defined benefit pension plans, ENPP and other postretirement plans with accumulated benefit obligations in excess of plan assets (in millions):


	2025		2024
All plans:
Fair value of plan assets	$	33.2	$	30.7
Projected benefit obligation	216		199.3
Accumulated benefit obligation	203.6		189.8
U.S.-based plans and ENPP:
Fair value of plan assets	$	—	$	—
Projected benefit obligation	108.4		102.5
Accumulated benefit obligation	108.4		102.5

The amounts for 2025 and 2024 disclosed above do not include the fair value of plan assets, the projected benefit obligation or the accumulated benefit obligation related to the Company’s U.K. plan. The Company’s U.K. plan’s fair value of plan assets was in excess of the plan’s accumulated benefit obligation as of December 31, 2025 and 2024.

The Company’s defined benefit pension obligation has been reflected in the manner in which its defined benefit plans are being administered or expected to be administered in the future. The obligation and resulting liability or asset is calculated employing both actuarial and legal assumptions. These assumptions include, but are not limited to, future inflation, the return on pension assets, discount rates, life expectancy and potential salary increases. There are also assumptions related to the manner in which individual benefit plan benefits are calculated, some of which are legal in nature and include, but are not limited to, member eligibility, years of service, and the uniformity of both guaranteed minimum pension benefits and member normal retirement ages for men and women. Some of these assumptions also are subject to the outcome of certain legal cases, which are currently unknown. In the event that any of these assumptions or the administration approach are proven to be different from the Company’s current interpretations and approach, there could be material increases or decreases in the Company’s defined benefit pension obligation and related amounts such as prior service cost and actuarial gains and losses, as well as the related amount and timing of future contributions to be paid by the Company.

The weighted average assumptions used to determine the benefit obligation for the Company’s defined benefit pension plans and ENPP as of December 31, 2025 and 2024 are as follows:


	2025		2024
All plans:
Weighted average discount rate	5.0	%	5.1	%
Rate of increase in future compensation	1.5%-3.5%		1.5%-5.0%
U.S.-based plans:
Weighted average discount rate	5.6	%	5.8	%
Rate of increase in future compensation(1)	—	%	5.0	%

____________________________________

(1) Applicable for U.S. unfunded, nonqualified plan. The termination process was finalized by December 31, 2024.

The weighted average discount rate used to determine the benefit obligation for the Company’s postretirement benefit plans for the years ended December 31, 2025 and 2024 was 7.7% and 7.2%, respectively.

For the years ended December 31, 2025, 2024 and 2023, the Company used a globally consistent methodology to set the discount rate in the countries where its largest benefit obligations exist. In the United States, the United Kingdom and the Euro Zone, the Company constructed a hypothetical bond portfolio of high-quality corporate bonds and then applied the cash flows of the Company’s benefit plans to those bond yields to derive a discount rate. The bond portfolio and plan-specific cash flows vary by country, but the methodology in which the portfolio is constructed is consistent.

For measuring the expected U.S. postretirement benefit obligation at December 31, 2025, the Company assumed a 7.5% health care cost trend rate for 2026 decreasing to 5.0% by 2036. For measuring the expected U.S. postretirement benefit obligation at December 31, 2024, the Company assumed a 7.5% health care cost trend rate for 2025 decreasing to 5.0% by 2035. For measuring the Brazilian postretirement benefit plan obligation at December 31, 2025, the Company assumed a 10.2% health care cost trend rate for 2026, decreasing to 4.5% by 2036. For measuring the Brazilian postretirement benefit plan obligation at December 31, 2024, the Company assumed a 10.2% health care cost trend rate for 2025, decreasing to 4.5% by 2035.

The Company currently estimates its minimum contributions and benefit payments to its U.S.-based unfunded ENPP for 2026 will aggregate to approximately $5.7 million. The Company currently estimates its minimum contributions for underfunded plans and benefit payments for unfunded plans for 2026 to its non-U.S.-based defined benefit pension plans will aggregate to approximately $9.1 million, of which approximately $0.1 million relates to its U.K. pension plan. The Company currently estimates its benefit payments for 2026 to its U.S.-based postretirement health care and life insurance benefit plans will aggregate to approximately $1.6 million and its benefit payments for 2026 to its Brazilian postretirement health care benefit plans will aggregate to less than $0.4 million.

During 2025, approximately $48.0 million of benefit payments were made related to the Company’s defined benefit pension plans and ENPP. At December 31, 2025, the aggregate expected benefit payments for the Company’s defined benefit pension plans and ENPP are as follows (in millions):


2026	$	46.8
2027	47.9
2028	45.6
2029	46.7
2030	48.2
2031 through 2035	264.4
	$	499.6

During 2025, approximately $1.5 million of benefit payments were made related to the Company’s U.S. and Brazilian postretirement benefit plans. At December 31, 2025, the aggregate expected benefit payments for the Company’s U.S. and Brazilian postretirement benefit plans are as follows (in millions):


2026	$	2.1
2027	2.1
2028	2.1
2029	2.2
2030	2.2
2031 through 2035	11.3
	$	22.0

Investment Strategy and Concentration of Risk

The weighted average asset allocation of the Company’s U.K. pension benefit plans as of December 31, 2025 and 2024 are as follows:


Asset Category	2025		2024
Equity securities	8	%	5	%
Fixed income securities	87	%	91	%
Other investments	5	%	4	%
Total	100	%	100	%

The Company categorizes its pension plan assets into one of three levels based on the assumptions used in valuing the asset. Refer to Note 21 for a discussion of the fair value hierarchy as per the guidance in ASC 820, “Fair Value measurements” (“ASC 820”). The Company’s valuation techniques are designed to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company uses the following valuation methodologies to measure the fair value of its pension plan assets:

•Equity Securities: Equity securities are valued on the basis of the closing price per unit on each business day as reported on the applicable exchange. Equity funds are valued using the net asset value of the fund, which is based on the fair value of the underlying securities.

•Fixed Income: Fixed income securities are valued using the closing prices in the active market in which the fixed income investment trades. Fixed income funds are valued using the net asset value of the fund, which is based on the fair value of the underlying securities.

•Cash: These investments primarily consist of short-term investment funds which are valued using the net asset value.

•Alternative Investments: These investments are reported at fair value as determined by the general partner of the alternative investment. The “market approach” valuation technique is used to value investments in these funds. The

funds typically are open-end funds as they generally offer subscription and redemption options to investors. The frequency of such subscriptions or redemptions is dictated by each fund’s governing documents. The amount of liquidity provided to investors in a particular fund generally is consistent with the liquidity and risk associated with the underlying portfolio (i.e., the more liquid the investments in the portfolio, the greater the liquidity provided to investors). Liquidity of individual funds varies based on various factors and may include “gates,” “holdbacks” and “side pockets” imposed by the manager of the fund, as well as redemption fees that may also apply. Investments in these funds typically are valued utilizing the net asset valuations provided by their underlying investment managers, general partners or administrators. The funds consider subscription and redemption rights, including any restrictions on the disposition of the interest, in its determination of the fair value. Other alternative investments include derivative contracts such as options and currency forwards, commodity securities and insurance-linked securities, which are largely valued based on observable data.

•Insurance Contracts: Insurance contracts are valued using current prevailing interest rates.

The fair value of the Company’s pension assets as of December 31, 2025 is as follows (in millions):


	Total		Level 1		Level 2		Level 3
Equity securities:
Global equities	$	41.0	$	41.0	$	—	$	—




Total equity securities	41.0		41.0		—		—
Fixed income:
Aggregate fixed income	420.8		106.8		314.0		—

Total fixed income share(1)	420.8		106.8		314.0		—
Alternative investments:

Hedge Funds	8.8				8.8
Commodity securities	4.5		4.5
Insurance-linked securities	2.1				2.1
Derivative contracts - currency forwards, interest rate swaps and options	0.9		—		0.9		—
Total alternative investments(2)	16.3		4.5		11.8		—
Miscellaneous funds(3)	35.0		—		—		35.0
Cash and equivalents measured at net asset value(4)	9.0		—		—		—
Total assets	$	522.1	$	152.3	$	325.8	$	35.0

______________________________________

(1) 73% of “fixed income” securities are in government treasuries; 13% are in investment-grade corporate bonds; 8% are in asset or mortgage backed securities; 4% are in high-yield securities and 2% are in foreign securities.

(2) 54% of “alternative investments” are in hedge funds; 28% are in commodity securities; 12% are in insurance-linked securities; and 6% are in derivative contracts.

(3) “Miscellaneous funds” is comprised of insurance contracts in Finland, Norway and Switzerland.

(4) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.

The following is a reconciliation of Level 3 assets as of December 31, 2025 (in millions):


	Total		Alternative Investments		Miscellaneous Funds
Beginning balance as of December 31, 2024	$	32.2	$	—	$	32.2
Actual return on plan assets:
(a) Relating to assets still held at reporting date	0.9		—		0.9

Purchases, sales and /or settlements	(2.3)		—		(2.3)

Foreign currency exchange rate changes	4.2		—		4.2
Ending balance as of December 31, 2025	$	35.0	$	—	$	35.0

The fair value of the Company’s pension assets as of December 31, 2024 is as follows (in millions):


	Total		Level 1		Level 2		Level 3
Equity securities:
Global equities	$	21.3	$	—	$	21.3	$	—





Total equity securities	21.3		—		21.3		—
Fixed income:
Aggregate fixed income	420.5		420.5		—		—

Total fixed income share(1)	420.5		420.5		—		—
Alternative investments:

Hedge funds measured at net asset value(4)	10.0		—		—		—
Total alternative investments(2)	10.0		—		—		—
Miscellaneous funds(3)	32.2		—		—		32.2
Cash and equivalents measured at net asset value(4)	10.0		—		—		—
Total assets	$	494.0	$	420.5	$	21.3	$	32.2

______________________________________

(1) 68% of “fixed income” securities are in government treasuries; 22% are in foreign securities; 2% are in investment-grade corporate bonds; 7% are in asset or mortgage backed securities and 1% are in high-yield securities.

(2) 49% of “alternative investments” are in relative value funds; 30% are in long-short equity funds; 14% are in event-driven funds and 7% are in credit funds.

(3) “Miscellaneous funds” is comprised of insurance contracts in Finland, Norway and Switzerland.

(4) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.

The following is a reconciliation of Level 3 assets as of December 31, 2024 (in millions):


	Total		Alternative Investments		Miscellaneous Funds
Beginning balance as of December 31, 2023	$	41.0	$	2.2	$	38.8
Actual return on plan assets:
(a) Relating to assets still held at reporting date	(0.6)		—		(0.6)

Purchases, sales and /or settlements	(5.9)		(2.2)		(3.7)

Foreign currency exchange rate changes	(2.3)		—		(2.3)
Ending balance as of December 31, 2024	$	32.2	$	—	$	32.2

The Company’s global pension fund strategy is to diversify investments across broad categories of equity and fixed income securities with appropriate use of alternative investment categories to minimize risk and volatility. The primary investment objective of the Company’s pension plans is to secure participant retirement benefits. As such, the key objective in the pension plans’ financial management is to promote stability and, to the extent appropriate, growth in funded status.

The investment strategy for the plans’ portfolio of assets balances the requirement to generate returns with the need to control risk. The asset mix is recognized as the primary mechanism to influence the reward and risk structure of the pension fund investments in an effort to accomplish the plans’ funding objectives. The Company engages investment professionals to manage the overall schemes. The Company's strategic allocation considers multi-asset growth portfolios, cash flow driven investments, and liability hedging assets. Each type of portfolio aims to mitigate specific concentrations of risks while achieving returns. Ranging from matching the movement in liabilities related to interest rates and inflation with no outperformance to producing income with a high degree of certainty, a defined purpose is established for each portfolio. Such diversification allows for a balanced approach between investments in assets for near-term benefit payments and assets for longer-term growth. The target allocations of retirement fund investments for the Company’s non-U.S. based pension plans are as follows:


	Non-U.S. Pension Plans(1)





Target allocations:
Fixed income securities	90.0	%
Equity securities	7.5	%
Alternative investments	2.5	%
Total	100.0	%

_______________________________________

(1) The majority of the Company’s non-U.S. pension fund investments are related to the Company’s pension plan in the United Kingdom.

The expected long-term return on plan assets is based on a long horizon of 15 to 20 years. Projected returns consider current and historical asset allocations. The Company has noted this mix of investments for a 20 years period supports an expected long-term return on its non-U.S. based pension plans of approximately 5.8% to 7.0%. Based on the historical returns and forward-looking return expectations, we believe our expected return assumption of 6.20% for our U.K.-based plans for the year ending December 31, 2026 is reasonable and attainable. The Company has tempered this historical indicator with lower expectations for returns and changes to investments in the future as well as the administrative costs of the plans.

Equity securities primarily include investments in large-cap and small-cap companies located across the globe. Fixed income securities include government securities, investment-grade corporate bonds of companies from diversified industries, asset-backed securities, high-yield securities and foreign securities. Alternative and other assets include investments in hedge funds, derivative contracts, commodity securities and insurance-linked securities. To date, the Company has not invested pension funds in its own stock and has no intention of doing so in the future.

Within each asset class, careful consideration is given to balancing the portfolio among industry sectors, geographies, interest rate sensitivity, dependence on economic growth, currency and other factors affecting investment returns. The assets are managed by professional investment firms, who are bound by precise mandates and are measured against specific benchmarks. Among asset managers, consideration is given, among others, to balancing security concentration, issuer concentration, investment style and reliance on particular active investment strategies.

The Company participates in a small number of multiemployer plans in the Netherlands and Sweden. The Company has assessed and determined that none of the multiemployer plans which it participates in are individually, or in the aggregate, significant to the Company’s Consolidated Financial Statements. The Company does not expect to incur a withdrawal liability or expect to significantly increase its contributions over the remainder of the multiemployer plans’ contract periods.

The Company maintains separate defined contribution plans covering certain employees and executives, primarily in the United States, the United Kingdom and Brazil. Under the plans, the Company contributes a specified percentage of each eligible employee’s compensation. The Company contributed approximately $18.6 million, $23.1 million and $21.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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+ Details

Pension and Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2025

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Pension and Postretirement Cost

As of December 31, 2025 and 2024, the net prior service cost related to the Company’s Brazilian postretirement health care benefit plans was as follows (in millions):


	2025		2024
Net prior service cost	$	4.1	$	4.5

Schedule of Reconciliation of Changes in Benefit Obligations, Plan Assets and Funded Status

The following tables set forth reconciliations of the changes in benefit obligation, plan assets and funded status as of December 31, 2025 and 2024 (in millions):


	Pension and ENPP Benefits				Postretirement Benefits
Change in benefit obligation	2025		2024		2025		2024
Benefit obligation at beginning of year	$	550.1	$	647.0	$	19.7	$	23.0
Service cost	7.7		8.2		—		—
Interest cost	27.1		27.8		1.4		1.5
Plan participants’ contributions	1.0		1.3		—		—
Actuarial losses (gains)	7.8		(42.3)		4.7		(3.1)
Acquisitions	—		—		(0.2)		—
Amendments	0.1		(0.3)		—		1.6

Settlements	(5.7)		(34.0)		—		—
Benefits paid	(42.3)		(44.4)		(1.5)		(1.9)

Foreign currency exchange rate changes	38.2		(12.2)		0.9		(1.4)
Curtailment	—		(1.0)		—		—
Benefit obligation at end of year	$	584.0	$	550.1	$	25.0	$	19.7

	Pension and ENPP Benefits				Postretirement Benefits
Change in plan assets	2025		2024		2025		2024
Fair value of plan assets at beginning of year	$	494.0	$	572.0	$	—	$	—
Actual return on plan assets	22.9		(18.2)		—		—
Employer contributions	14.8		26.9		1.5		1.8
Plan participants’ contributions	1.0		1.3		—		—
Benefits paid	(42.3)		(44.4)		(1.5)		(1.9)
Settlements	(5.7)		(33.9)		—		—

Foreign currency exchange rate changes	37.4		(9.7)		—		0.1
Fair value of plan assets at end of year	$	522.1	$	494.0	$	—	$	—
Funded status	$	(61.9)	$	(56.0)	$	(25.0)	$	(19.7)


	Pension and ENPP Benefits				Postretirement Benefits
Amounts recognized in Consolidated Balance Sheets:	2025		2024		2025		2024
Other assets (noncurrent)	$	95.9	$	92.9	$	—	$	—
Other current liabilities	(7.6)		(7.5)		(2.0)		(1.6)
Accrued expenses	(4.0)		(3.7)		—		—
Pension and postretirement health care benefits (noncurrent)	(146.2)		(137.7)		(23.0)		(18.1)
Net amount recognized	$	(61.9)	$	(56.0)	$	(25.0)	$	(19.7)

Schedule of Accumulated Other Comprehensive Income (Loss)


	Defined Pension and Postretirement Benefit Plans		Deferred Gains and Losses on Derivatives		Cumulative Translation Adjustment		Total
Accumulated other comprehensive loss, December 31, 2022	$	(231.2)	$	(0.9)	$	(1,571.0)	$	(1,803.1)
Other comprehensive income (loss) before reclassifications	(15.7)		(8.9)		102.3		77.7
Net losses reclassified from accumulated other comprehensive loss	8.3		9.0		—		17.3
Other comprehensive income (loss)	(7.4)		0.1		102.3		95.0
Accumulated other comprehensive loss, December 31, 2023	$	(238.6)	$	(0.8)	$	(1,468.7)	$	(1,708.1)
Other comprehensive income (loss) before reclassifications	(3.1)		3.4		(224.3)		(224.0)
Net losses reclassified from accumulated other comprehensive loss	22.9		6.3		—		29.2
Other comprehensive income (loss)	19.8		9.7		(224.3)		(194.8)
Accumulated other comprehensive loss, December 31, 2024	$	(218.8)	$	8.9	$	(1,693.0)	$	(1,902.9)
Other comprehensive income (loss) before reclassifications	(11.5)		0.8		138.3		127.6
Net losses (gains) reclassified from accumulated other comprehensive loss	6.9		(6.5)		—		0.4
Other comprehensive income (loss)	(4.6)		(5.7)		138.3		128.0
Accumulated other comprehensive loss, December 31, 2025	$	(223.4)	$	3.2	$	(1,554.7)	$	(1,774.9)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)


	2025		2024
Unrecognized net actuarial losses	$	260.4	$	256.7

The following table summarizes the unrecognized prior service cost related to the Company’s defined benefit pension plans as of December 31, 2025 and 2024 (in millions):


	2025		2024
Unrecognized prior service cost	$	28.3	$	29.8

Schedule of Defined Benefit Plan Amortization Losses

As of December 31, 2025, the average amortization periods were as follows:


	ENPP	U.K. Plan
Average amortization period of losses related to defined benefit pension plans	6.5 years	16.3 years

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year


	2025		2024
Unrecognized net actuarial losses (gains)(1)	$	1.6	$	(3.3)

___________________________________

(1) Includes a gain of approximately $0.6 million and $1.3 million, respectively, related to the Company’s U.S. postretirement benefit plans.

Schedule of Plans with Accumulated Benefit Obligation in Excess of Plan Assets


	2025		2024
All plans:
Fair value of plan assets	$	33.2	$	30.7
Projected benefit obligation	216		199.3
Accumulated benefit obligation	203.6		189.8
U.S.-based plans and ENPP:
Fair value of plan assets	$	—	$	—
Projected benefit obligation	108.4		102.5
Accumulated benefit obligation	108.4		102.5

Reconciliation of Level 3 Assets

The following is a reconciliation of Level 3 assets as of December 31, 2024 (in millions):


	Total		Alternative Investments		Miscellaneous Funds
Beginning balance as of December 31, 2023	$	41.0	$	2.2	$	38.8
Actual return on plan assets:
(a) Relating to assets still held at reporting date	(0.6)		—		(0.6)

Purchases, sales and /or settlements	(5.9)		(2.2)		(3.7)

Foreign currency exchange rate changes	(2.3)		—		(2.3)
Ending balance as of December 31, 2024	$	32.2	$	—	$	32.2

Pension plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Pension and Postretirement Cost

Net annual pension costs for the years ended December 31, 2025, 2024 and 2023 for the Company’s defined benefit pension plans and ENPP are set forth below (in millions):


Pension benefits	2025		2024		2023
Service cost	$	7.7	$	8.2	$	9.6
Interest cost	27.1		27.8		29.3
Expected return on plan assets	(26.3)		(30.8)		(30.4)
Amortization of net actuarial losses	7.4		1.4		9.4
Amortization of prior service cost	1.6		10.5		1.5
Net loss recognized due to settlement	(0.2)		18.8		0.4

Curtailment (gain) loss	—		(0.2)		—
Net annual pension cost	$	17.3	$	35.7	$	19.8

Schedule of Assumptions Used


	2025		2024		2023
All plans:
Weighted average discount rate	5.1	%	4.5	%	4.9	%
Weighted average expected long-term rate of return on plan assets	5.2	%	5.5	%	5.5	%
Rate of increase in future compensation	1.5%-5.0%		1.7%-5.0%		1.8%-5.0%
U.S.-based plans:
Weighted average discount rate	5.8	%	5.3	%	5.7	%
Weighted average expected long-term rate of return on plan assets(1)	—	%	5.8	%	5.8	%
Rate of increase in future compensation(2)	5.0	%	5.0	%	5.0	%

___________________________________

(1) Applicable for U.S. funded, qualified plan. The termination process was finalized by December 31, 2024.

(2) Applicable for U.S. unfunded, nonqualified plan.

The weighted average assumptions used to determine the benefit obligation for the Company’s defined benefit pension plans and ENPP as of December 31, 2025 and 2024 are as follows:


	2025		2024
All plans:
Weighted average discount rate	5.0	%	5.1	%
Rate of increase in future compensation	1.5%-3.5%		1.5%-5.0%
U.S.-based plans:
Weighted average discount rate	5.6	%	5.8	%
Rate of increase in future compensation(1)	—	%	5.0	%

____________________________________

(1) Applicable for U.S. unfunded, nonqualified plan. The termination process was finalized by December 31, 2024.

Schedule of Accumulated Other Comprehensive Income (Loss)


	Before-Tax Amount		Income Tax Expense (Benefit)		After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2022	$	(304.4)	$	(73.2)	$	(231.2)

Net loss recognized due to settlement	0.4		—		0.4

Net actuarial loss arising during the year	(21.5)		(5.4)		(16.1)
Amortization of prior service cost	1.7		0.4		1.3
Amortization of net actuarial losses	9.4		2.4		7.0
Accumulated other comprehensive loss as of December 31, 2023	$	(314.4)	$	(75.8)	$	(238.6)
Prior service cost arising during the year	(1.4)		(0.5)		(0.9)
Net loss recognized due to settlement	18.8		4.8		14.0

Net actuarial loss arising during the year	(2.7)		(0.5)		(2.2)
Amortization of prior service cost	1.5		0.4		1.1
Amortization of net actuarial losses	10.5		2.7		7.8
Accumulated other comprehensive loss as of December 31, 2024	$	(287.7)	$	(68.9)	$	(218.8)
Prior service cost arising during the year	(0.1)		—		(0.1)
Net gain recognized due to settlement	(0.2)		—		(0.2)

Net actuarial loss arising during the year	(15.6)		(4.2)		(11.4)
Amortization of prior service cost	1.9		0.4		1.5
Amortization of net actuarial losses	7.3		1.7		5.6
Accumulated other comprehensive loss as of December 31, 2025	$	(294.4)	$	(71.0)	$	(223.4)

Schedule of Expected Benefit Payments

At December 31, 2025, the aggregate expected benefit payments for the Company’s defined benefit pension plans and ENPP are as follows (in millions):


2026	$	46.8
2027	47.9
2028	45.6
2029	46.7
2030	48.2
2031 through 2035	264.4
	$	499.6

Schedule of Allocation of Plan Assets

The target allocations of retirement fund investments for the Company’s non-U.S. based pension plans are as follows:


	Non-U.S. Pension Plans(1)





Target allocations:
Fixed income securities	90.0	%
Equity securities	7.5	%
Alternative investments	2.5	%
Total	100.0	%

_______________________________________

(1) The majority of the Company’s non-U.S. pension fund investments are related to the Company’s pension plan in the United Kingdom.

Schedule of Fair Value of Plan Assets

The fair value of the Company’s pension assets as of December 31, 2025 is as follows (in millions):


	Total		Level 1		Level 2		Level 3
Equity securities:
Global equities	$	41.0	$	41.0	$	—	$	—




Total equity securities	41.0		41.0		—		—
Fixed income:
Aggregate fixed income	420.8		106.8		314.0		—

Total fixed income share(1)	420.8		106.8		314.0		—
Alternative investments:

Hedge Funds	8.8				8.8
Commodity securities	4.5		4.5
Insurance-linked securities	2.1				2.1
Derivative contracts - currency forwards, interest rate swaps and options	0.9		—		0.9		—
Total alternative investments(2)	16.3		4.5		11.8		—
Miscellaneous funds(3)	35.0		—		—		35.0
Cash and equivalents measured at net asset value(4)	9.0		—		—		—
Total assets	$	522.1	$	152.3	$	325.8	$	35.0

______________________________________

(2) 54% of “alternative investments” are in hedge funds; 28% are in commodity securities; 12% are in insurance-linked securities; and 6% are in derivative contracts.

(3) “Miscellaneous funds” is comprised of insurance contracts in Finland, Norway and Switzerland.

(4) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.

The fair value of the Company’s pension assets as of December 31, 2024 is as follows (in millions):


	Total		Level 1		Level 2		Level 3
Equity securities:
Global equities	$	21.3	$	—	$	21.3	$	—





Total equity securities	21.3		—		21.3		—
Fixed income:
Aggregate fixed income	420.5		420.5		—		—

Total fixed income share(1)	420.5		420.5		—		—
Alternative investments:

Hedge funds measured at net asset value(4)	10.0		—		—		—
Total alternative investments(2)	10.0		—		—		—
Miscellaneous funds(3)	32.2		—		—		32.2
Cash and equivalents measured at net asset value(4)	10.0		—		—		—
Total assets	$	494.0	$	420.5	$	21.3	$	32.2

______________________________________

(2) 49% of “alternative investments” are in relative value funds; 30% are in long-short equity funds; 14% are in event-driven funds and 7% are in credit funds.

(3) “Miscellaneous funds” is comprised of insurance contracts in Finland, Norway and Switzerland.

(4) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy.

Reconciliation of Level 3 Assets

The following is a reconciliation of Level 3 assets as of December 31, 2025 (in millions):


	Total		Alternative Investments		Miscellaneous Funds
Beginning balance as of December 31, 2024	$	32.2	$	—	$	32.2
Actual return on plan assets:
(a) Relating to assets still held at reporting date	0.9		—		0.9

Purchases, sales and /or settlements	(2.3)		—		(2.3)

Foreign currency exchange rate changes	4.2		—		4.2
Ending balance as of December 31, 2025	$	35.0	$	—	$	35.0

Postretirement benefits

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Pension and Postretirement Cost


Postretirement benefits	2025			2024			2023
Service cost	$	—		$	—		$	0.1
Interest cost	1.4			1.5			1.3
Amortization of net actuarial gains	(0.1)			—			—
Amortization of prior service cost	0.3			0.1			0.2

Net annual postretirement benefit cost	$	1.6		$	1.6		$	1.6
Weighted average discount rate	7.2		%	6.7		%	6.6		%

Schedule of Expected Benefit Payments

At December 31, 2025, the aggregate expected benefit payments for the Company’s U.S. and Brazilian postretirement benefit plans are as follows (in millions):


2026	$	2.1
2027	2.1
2028	2.1
2029	2.2
2030	2.2
2031 through 2035	11.3
	$	22.0

UNITED KINGDOM | Pension plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Allocation of Plan Assets

The weighted average asset allocation of the Company’s U.K. pension benefit plans as of December 31, 2025 and 2024 are as follows:


Asset Category	2025		2024
Equity securities	8	%	5	%
Fixed income securities	87	%	91	%
Other investments	5	%	4	%
Total	100	%	100	%

Fair Value of Financial Instrument - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 20.2	$ 46.0
Derivative liabilities	48.4	14.2
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	20.2	46.0
Derivative liabilities	48.4	14.2
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	$ 0.0	$ 0.0

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

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Income Taxes (Valuation Allowance) (Details) - USD ($)	12 Months Ended
Income Taxes (Valuation Allowance) (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
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Deferred tax valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
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Acquired Businesses	0	0	0
Charged (Credited) to Costs and Expenses	19,400,000	13,100,000	116,500,000
Deductions	0	(8,700,000)	(16,700,000)
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Amounts charged or credited through other comprehensive income	$ 0	$ 0	$ 0

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Lease Assets and Liabilities

Total lease assets and liabilities at December 31, 2025 and 2024 were as follows (in millions):


Lease Assets	Classification	As of December 31, 2025		As of December 31, 2024
Operating ROU assets	Right-of-use lease assets	$	167.3	$	168.9
Finance lease assets	Property, plant and equipment, net(1)	6.5		6.1
Total lease assets		$	173.8	$	175.0

Lease Liabilities	Classification	As of December 31, 2025		As of December 31, 2024
Current:
Operating	Accrued expenses	$	47.9	$	45.0
Finance	Other current liabilities	0.3		0.5

Noncurrent:
Operating	Operating lease liabilities	122.1		127.5
Finance	Other noncurrent liabilities	5.7		5.1
Total lease liabilities		$	176.0	$	178.1

____________________________________

(1) Finance lease assets are recorded net of accumulated depreciation of $3.0 million and $2.8 million as of December 31, 2025 and 2024, respectively.

Schedule of Lease Cost and Supplemental Information

Total lease costs for 2025 and 2024 are set forth below (in millions):


	Classification	Year Ended December 31, 2025		Year Ended December 31, 2024
Operating lease cost	Selling, general and administrative expenses	$	62.2	$	59.6
Variable lease cost	Selling, general and administrative expenses	5.2		4.8
Short-term lease cost	Selling, general and administrative expenses	18.5		23.4
Finance lease cost:
Amortization of lease assets	Depreciation expense(1)	0.4		0.5
Interest on lease liabilities	Interest expense, net	0.2		0.2
Total lease cost		$	86.5	$	88.5

____________________________________

(1) Depreciation expense was included in both “Cost of goods sold” and “Selling, general and administrative expenses” within the Company's Consolidated Statements of Operations.

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate:


	As of December 31, 2025		As of December 31, 2024
Weighted-average remaining lease term:
Operating leases	6 years		6 years
Finance leases	16 years		16 years

Weighted-average discount rate:
Operating leases	6.3	%	6.4	%
Finance leases	2.9	%	2.8	%

The following table summarizes the supplemental cash flow information for 2025 and 2024 (in millions):


	Year Ended December 31, 2025		Year Ended December 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	62.2	$	59.5
Operating cash flows from finance leases	0.1		0.1
Financing cash flows from finance leases	0.7		1.0

Leased assets obtained in exchange for lease obligations:
Operating leases	$	38.2	$	61.9
Finance leases	0.5		0.2

Schedule of Lease Payment Amounts for Operating Leases

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2025 were as follows (in millions):


	December 31, 2025
		Operating Leases(1)		Finance Leases


2026		$	55.5	$	0.6
2027		40.5		0.4
2028		31.8		0.3
2029		23.5		0.3
2030		11		0.2
Thereafter		37.5		6.0
Total lease payments		199.8		7.8
Less: imputed interest(2)		(29.9)		(2.0)

Present value of lease liabilities		$	169.9	$	5.8

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2024 were as follows (in millions):


	December 31, 2024
		Operating Leases(1)		Finance Leases
2025		$	53.3	$	0.7
2026		43.9		0.5
2027		29.7		0.4
2028		22.6		0.3
2029		15.2		0.2
Thereafter		42.2		5.5
Total lease payments		206.9		7.6
Less: imputed interest(2)		(34.4)		(2.0)

Present value of lease liabilities		$	172.5	$	5.6

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Schedule of Lease Payment Amounts for Finance Leases

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2025 were as follows (in millions):


	December 31, 2025
		Operating Leases(1)		Finance Leases


2026		$	55.5	$	0.6
2027		40.5		0.4
2028		31.8		0.3
2029		23.5		0.3
2030		11		0.2
Thereafter		37.5		6.0
Total lease payments		199.8		7.8
Less: imputed interest(2)		(29.9)		(2.0)

Present value of lease liabilities		$	169.9	$	5.8

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Lease payment amounts for operating and finance leases with remaining terms greater than one year as of December 31, 2024 were as follows (in millions):


	December 31, 2024
		Operating Leases(1)		Finance Leases
2025		$	53.3	$	0.7
2026		43.9		0.5
2027		29.7		0.4
2028		22.6		0.3
2029		15.2		0.2
Thereafter		42.2		5.5
Total lease payments		206.9		7.6
Less: imputed interest(2)		(34.4)		(2.0)

Present value of lease liabilities		$	172.5	$	5.6

____________________________________

(2) Calculated using the implicit interest rate for each lease or the Company’s incremental borrowing rate, when implicit rate is not available.

Business Divestiture

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Business Divestiture

BUSINESS DIVESTITURE

On July 25, 2024, the Company entered into a Stock and Asset Purchase Agreement to sell the majority of its Grain & Protein (“G&P”) business, which includes the GSI®, Automated Production® (AP), Cumberland®, Cimbria® and Tecno® brands for a purchase price of $700.0 million, subject to customary working capital and other adjustments. On November 1, 2024, the Company completed the sale of the G&P business to A-AG Holdco Limited, an affiliate of American Industrial Partners. The Company previously classified the G&P business as held for sale as of June 30, 2024. The Company determined the sale of the G&P business did not represent a strategic shift that had or will have a major effect on the consolidated results of operations, and therefore results of this business were not classified as discontinued operations. The results of the G&P business through the date of the divestiture are included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments. The Company received net proceeds of $630.7 million on the transaction date, which was subject to the finalization of preliminary working capital and other adjustments, and recognized a loss on the sale of business of $507.3 million. The loss on sale of business included $93.6 million of cumulative translation adjustment losses representing amounts previously recorded in accumulated other comprehensive loss. In May 2025, the preliminary working capital and other adjustments were finalized resulting in an additional loss of $12.3 million which is included within “Loss on sale of business” in the Company's Consolidated Statements of Operations. The proceeds from the sale were used to repay the Term Loan Facility and reduce borrowings under the Credit Facility in 2024. Refer to Note 12 for further information.

The major categories of divested assets and liabilities as of the date of the divestiture were as follows (in millions):



Assets divested
Cash and cash equivalents	$	25.0
Accounts and notes receivable, net	170.2
Inventories, net	171.6
Other current assets	21.6
Total current assets	388.4
Property, plant and equipment, net	101.8

Right-of-use lease assets	15.2
Other assets	16.5
Intangible assets, net	113.7
Goodwill	203.6
Total assets	$	839.2

Liabilities divested
Accounts payable	$	90.4
Accrued expenses	98.4
Other current liabilities	54.7
Total current liabilities	243.5

Deferred tax liabilities	8.3

Operating lease liabilities	10.5
Other noncurrent liabilities	5.2
Total liabilities	$	267.5

Disposal group, net	$	571.7

Operations and Summary of Significant Accounting Policies (Foreign Currency Translation) (Details) $ in Millions, ₺ in Billions, $ in Billions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2025 TRY (₺)	Dec. 31, 2025 ARS ($)
Accounting Policies [Line Items]
Net sales	$ 10,082.0	$ 11,661.9	$ 14,412.4
Total assets	11,927.8	11,190.6	$ 11,421.2
Cash and cash equivalents	861.8	$ 612.7
Turkey \| Subsidiaries
Accounting Policies [Line Items]
Net sales	262.9
Total assets	139.6			₺ 6.0
Turkey \| Subsidiaries \| Turkish lira
Accounting Policies [Line Items]
Monetary assets	114.5			4.9
Monetary liabilities	62.6			₺ 2.7
Argentina \| AGCO Capital Argentina S.A
Accounting Policies [Line Items]
Net monetary assets	3.0				$ 4.3
Argentina \| Pesos
Accounting Policies [Line Items]
Monetary assets	58.7				85.0
Monetary liabilities	43.8				63.4
Cash and cash equivalents	11.4				16.5
Argentina \| Subsidiaries
Accounting Policies [Line Items]
Net sales	188.4
Total assets	$ 216.2				$ 313.3

Stockholders' Equity (Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Stockholders' equity, beginning of period	$ 3,742.8	$ 4,656.8	$ 3,882.6
Other comprehensive income (loss)	134.6	(197.1)	95.0
Stockholders' equity, end of period	4,273.5	3,742.8	4,656.8
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Stockholders' equity, beginning of period	(1,902.9)	(1,708.1)	(1,803.1)
Other comprehensive income (loss) before reclassifications	127.6	(224.0)	77.7
Net losses (gains) reclassified from accumulated other comprehensive loss	0.4	29.2	17.3
Other comprehensive income (loss)	128.0	(194.8)	95.0
Stockholders' equity, end of period	(1,774.9)	(1,902.9)	(1,708.1)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Stockholders' equity, beginning of period	(218.8)	(238.6)	(231.2)
Other comprehensive income (loss) before reclassifications	(11.5)	(3.1)	(15.7)
Net losses (gains) reclassified from accumulated other comprehensive loss	6.9	22.9	8.3
Other comprehensive income (loss)	(4.6)	19.8	(7.4)
Stockholders' equity, end of period	(223.4)	(218.8)	(238.6)
Deferred gains and losses on derivatives
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Stockholders' equity, beginning of period	8.9	(0.8)	(0.9)
Other comprehensive income (loss) before reclassifications	0.8	3.4	(8.9)
Net losses (gains) reclassified from accumulated other comprehensive loss	(6.5)	6.3	9.0
Other comprehensive income (loss)	(5.7)	9.7	0.1
Stockholders' equity, end of period	3.2	8.9	(0.8)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Stockholders' equity, beginning of period	(1,693.0)	(1,468.7)	(1,571.0)
Other comprehensive income (loss) before reclassifications	138.3	(224.3)	102.3
Net losses (gains) reclassified from accumulated other comprehensive loss	0.0	0.0	0.0
Other comprehensive income (loss)	138.3	(224.3)	102.3
Stockholders' equity, end of period	$ (1,554.7)	$ (1,693.0)	$ (1,468.7)

- Definition

Amount after tax, before reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

Leases (Future Lease Payments) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Year 1	$ 55.5	$ 53.3
Year 2	40.5	43.9
Year 3	31.8	29.7
Year 4	23.5	22.6
Year 5	11.0	15.2
Thereafter	37.5	42.2
Total lease payments	199.8	206.9
Less: imputed interest	(29.9)	(34.4)
Present value of lease liabilities	169.9	172.5
Finance Leases
Year 1	0.6	0.7
Year 2	0.4	0.5
Year 3	0.3	0.4
Year 4	0.3	0.3
Year 5	0.2	0.2
Thereafter	6.0	5.5
Total lease payments	7.8	7.6
Less: imputed interest	(2.0)	(2.0)
Present value of lease liabilities	$ 5.8	$ 5.6

Inventories

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories, net at December 31, 2025 and 2024 were as follows (in millions):


	2025		2024
Finished goods	$	1,070.6	$	1,187.9
Repair and replacement parts	824.6		754.6
Work in process	181.9		170.0
Raw materials	632.2		618.8
Inventories, net	$	2,709.3	$	2,731.3

At December 31, 2025 and 2024, the Company had recorded $271.9 million and $251.1 million, respectively, as a reserve for surplus and obsolete inventories. These reserves are reflected within “Inventories, net” within the Company’s Consolidated Balance Sheets.

Product Warranty (Warranty Reserves Activity) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of the year	$ 743.0	$ 800.8	$ 640.0
Acquisitions	0.0	4.1	0.0
Accruals for warranties issued	413.5	396.3	464.9
Settlements made and deferred revenue recognized	(415.2)	(401.0)	(328.7)
Divestiture	0.0	(6.2)	0.0
Foreign currency translation	73.0	(51.0)	24.6
Balance at the end of the year	$ 814.3	$ 743.0	$ 800.8

Acquisitions (Acquired Identifiable Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended	21 Months Ended
	Dec. 31, 2024	Dec. 31, 2025	Apr. 01, 2024
Business Combination [Line Items]
Fair Value	$ 624.6
Customer relationships
Business Combination [Line Items]
Fair Value	$ 47.3
Useful Life			20 years
Trade name
Business Combination [Line Items]
Useful Life			5 years
Minimum
Business Combination [Line Items]
Useful Life		3 years
Minimum \| Developed Technology
Business Combination [Line Items]
Useful Life			7 years
Minimum \| Favorable contracts
Business Combination [Line Items]
Useful Life			2 years
Maximum
Business Combination [Line Items]
Useful Life		50 years
Maximum \| Developed Technology
Business Combination [Line Items]
Useful Life			15 years
Maximum \| Favorable contracts
Business Combination [Line Items]
Useful Life			7 years
OneAg
Business Combination [Line Items]
Intangible assets			$ 624.6
OneAg \| Developed Technology
Business Combination [Line Items]
Fair Value		$ 526.0
OneAg \| Customer relationships
Business Combination [Line Items]
Fair Value		47.3
OneAg \| Trade name
Business Combination [Line Items]
Fair Value		6.5
OneAg \| Favorable contracts
Business Combination [Line Items]
Fair Value		$ 44.8

Segment Reporting (Property, Plant and Equipment, Right-of-use Lease Assets and Amortizable Intangible Assets by Country) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	$ 2,748.7	$ 2,632.6
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	863.6	945.8
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	738.3	658.4
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	220.4	200.6
FINLAND
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	339.4	282.2
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	162.3	163.8
Italy
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	91.6	86.0
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	56.6	59.1
Denmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	5.6	5.2
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, right-of-use lease assets and amortizable intangible assets	$ 270.9	$ 231.5

Income Taxes (Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current:
Federal	$ (13.3)	$ (4.6)	$ 45.5
State	2.5	2.3	15.7
Foreign	299.9	203.3	433.6
Current income tax expense (benefit)	289.1	201.0	494.8
Deferred:
Federal	(266.1)	(104.5)	(64.1)
State	(48.6)	(22.1)	(18.7)
Foreign	(51.8)	24.0	(181.6)
Deferred income tax expense (benefit)	(366.5)	(102.6)	(264.4)
Income tax provision	$ (77.4)	$ 98.4	$ 230.4

Acquisitions (Purchase Consideration Transferred) (Details) - OneAg $ in Millions	Apr. 01, 2024 USD ($)
Business Combination [Line Items]
Total cash consideration for OneAg	$ 1,954.0
Working capital and other adjustments	(47.1)
Equity transaction associated with JCA noncontrolling interest	3.1
Total purchase consideration	$ 1,910.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock Compensation Plans (Stock Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	$ 28.6	$ 18.4	$ 46.4
OneAg
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	3.0	6.5
Cost of goods sold
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	0.9	0.5	1.8
Selling, general and administrative expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	$ 27.7	$ 17.9	$ 44.6

Stockholders' Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of goods sold	$ 7,515.2	$ 8,762.8	$ 10,635.0
Interest expense, net	66.4	93.0	4.6
Other expense (income), net	(72.7)	218.5	362.3
Reclassification before tax	(602.0)	433.6	(1,333.5)
Income tax expense (benefit)	(77.4)	98.4	230.4
Net losses reclassified from accumulated other comprehensive loss	(719.0)	485.6	(1,171.3)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net losses reclassified from accumulated other comprehensive loss	0.4	29.2	17.3
Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains and losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Reclassification before tax	(8.3)	6.3	11.2
Income tax expense (benefit)	1.8	0.0	(2.2)
Net losses reclassified from accumulated other comprehensive loss	(6.5)	6.3	9.0
Reclassification out of Accumulated Other Comprehensive Income \| Defined Benefit Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Reclassification before tax	9.0	30.8	11.1
Income tax expense (benefit)	(2.1)	(7.9)	(2.8)
Net losses reclassified from accumulated other comprehensive loss	6.9	22.9	8.3
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of net actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other expense (income), net	7.3	10.5	9.4
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of prior service cost
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other expense (income), net	1.9	1.5	1.7
Reclassification out of Accumulated Other Comprehensive Income \| Net loss (gain) recognized due to settlement
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other expense (income), net	(0.2)	18.8	0.0
Foreign currency contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains and losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of goods sold	(7.5)	6.7	11.1
Commodity contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains and losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of goods sold	0.0	0.3	0.1
Treasury rate locks \| Reclassification out of Accumulated Other Comprehensive Income \| Deferred gains and losses on derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense, net	$ (0.8)	$ (0.7)	$ 0.0