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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 9,149.7 $ 9,041.4 $ 9,352.0
Cost of goods sold 7,092.2 7,057.1 7,355.3
Gross profit 2,057.5 1,984.3 1,996.7
Selling, general and administrative expenses 1,001.5 1,040.3 1,069.4
Engineering expenses 342.6 343.4 355.2
Amortization of intangibles 59.5 61.1 64.7
Impairment charges 20.0 176.6 0.0
Restructuring expenses 19.7 9.0 12.0
Bad debt expense 14.5 5.8 6.4
Income from operations 599.7 348.1 489.0
Interest expense, net 15.0 19.9 53.8
Other expense, net 22.7 67.1 74.9
Income before income taxes and equity in net earnings of affiliates 562.0 261.1 360.3
Income tax provision 187.7 180.8 110.9
Income before equity in net earnings of affiliates 374.3 80.3 249.4
Equity in net earnings of affiliates 45.5 42.5 34.3
Net income 419.8 122.8 283.7
Net loss attributable to noncontrolling interests 7.3 2.4 1.8
Net income attributable to AGCO Corporation and subsidiaries $ 427.1 $ 125.2 $ 285.5
Net income per common share attributable to AGCO Corporation and subsidiaries:      
Basic (in dollars per share) $ 5.69 $ 1.64 $ 3.62
Diluted (in dollars per share) 5.65 1.63 3.58
Cash dividends declared and paid per common share (in dollars per share) $ 0.63 $ 0.63 $ 0.60
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 75.0 76.2 78.8
Diluted (in shares) 75.6 77.0 79.7