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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 2,378.7 $ 1,928.3
Cost of goods sold 1,808.2 1,477.8
Gross profit 570.5 450.5
Selling, general and administrative expenses 260.6 247.6
Engineering expenses 96.3 84.9
Amortization of intangibles 17.5 15.0
Restructuring expenses 1.3 0.8
Bad debt (credit) expense (0.4) 1.8
Income from operations 195.2 100.4
Interest expense, net 3.4 3.4
Other expense, net 11.5 12.5
Income before income taxes and equity in net earnings of affiliates 180.3 84.5
Income tax provision 43.6 29.4
Income before equity in net earnings of affiliates 136.7 55.1
Equity in net earnings of affiliates 14.7 11.2
Net income 151.4 66.3
Net income attributable to noncontrolling interests (0.6) (1.6)
Net income attributable to AGCO Corporation and subsidiaries $ 150.8 $ 64.7
Net income per common share attributable to AGCO Corporation and subsidiaries:    
Basic (in dollars per share) $ 2.00 $ 0.86
Diluted (in dollars per share) 1.99 0.85
Cash dividends declared and paid per common share (in dollars per share) $ 0.16 $ 0.16
Weighted average number of common and common equivalent shares outstanding:    
Basic (in shares) 75.3 75.3
Diluted (in shares) 75.9 75.9