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Pension and Postretirement Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2020
Retirement Benefits [Abstract]  
Net Pension and Postretirement Cost

Net periodic pension and postretirement benefit cost for the Company’s defined pension and postretirement benefit plans for the three months ended March 31, 2020 and 2019 are set forth below (in millions):
 
Three Months Ended March 31,
Pension benefits
2020
 
2019
Service cost
$
4.0

 
$
3.9

Interest cost
4.1

 
5.3

Expected return on plan assets
(7.1
)
 
(7.2
)
Amortization of net actuarial losses
3.4

 
3.1

Amortization of prior service cost
0.5

 
0.4

Net periodic pension cost
$
4.9

 
$
5.5


 
Three Months Ended March 31,
Postretirement benefits
2020
 
2019
Interest cost
$
0.3

 
$
0.4

Amortization of net actuarial losses
0.1

 
—

Net periodic postretirement benefit cost
$
0.4

 
$
0.4
Summary of Accumulated Other Comprehensive Income
The following table sets forth changes in accumulated other comprehensive loss by component, net of tax, attributed to AGCO Corporation and its subsidiaries for the three months ended March 31, 2020 (in millions):
 
Defined Benefit Pension Plans
 
Deferred Net Gains (Losses) on Derivatives
 
Cumulative Translation Adjustment
 
Total
Accumulated other comprehensive loss, December 31, 2019
$
(296.4
)
 
$
(1.3
)
 
$
(1,297.5
)
 
$
(1,595.2
)
Other comprehensive income (loss) before reclassifications
—

 
9.5

 
(209.1
)
 
(199.6
)
Net losses (gains) reclassified from accumulated other comprehensive loss
3.5

 
(0.1
)
 
—

 
3.4

Other comprehensive income (loss), net of reclassification adjustments
3.5

 
9.4

 
(209.1
)
 
(196.2
)
Accumulated other comprehensive loss, March 31, 2020
$
(292.9
)
 
$
8.1

 
$
(1,506.6
)
 
$
(1,791.4
)

The following table summarizes the activity in accumulated other comprehensive loss related to the Company’s defined pension and postretirement benefit plans during the three months ended March 31, 2020 (in millions):
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Accumulated other comprehensive loss as of December 31, 2019
 
$
(393.2
)
 
$
(96.8
)
 
$
(296.4
)
Amortization of net actuarial losses
 
3.5

 
0.5

 
3.0

Amortization of prior service cost
 
0.5

 
—

 
0.5

Accumulated other comprehensive loss as of March 31, 2020
 
$
(389.2
)
 
$
(96.3
)
 
$
(292.9
)