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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 2,879.3 $ 2,006.8 $ 5,258.0 $ 3,935.1
Cost of goods sold 2,186.9 1,574.1 3,995.1 3,051.9
Gross profit 692.4 432.7 1,262.9 883.2
Selling, general and administrative expenses 276.3 219.5 536.9 467.1
Engineering expenses 107.2 75.8 203.5 160.7
Amortization of intangibles 14.2 14.9 31.7 29.9
Goodwill impairment charge 0.0 20.0 0.0 20.0
Restructuring expenses 4.7 3.8 6.0 4.6
Bad debt (credit) expense (0.3) 1.4 (0.7) 3.2
Income from operations 290.3 97.3 485.5 197.7
Interest expense, net 2.2 6.1 5.6 9.5
Other expense, net 14.6 10.0 26.1 22.5
Income before income taxes and equity in net earnings of affiliates 273.5 81.2 453.8 165.7
Income tax provision 7.7 31.3 51.3 60.7
Income before equity in net earnings of affiliates 265.8 49.9 402.5 105.0
Equity in net earnings of affiliates 18.6 10.1 33.3 21.3
Net income 284.4 60.0 435.8 126.3
Net (income) loss attributable to noncontrolling interests (1.6) 9.7 (2.2) 8.1
Net income attributable to AGCO Corporation and subsidiaries $ 282.8 $ 69.7 $ 433.6 $ 134.4
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 3.74 $ 0.93 $ 5.75 $ 1.79
Diluted (in dollars per share) 3.73 0.93 5.71 1.78
Cash dividends declared and paid per common share (in dollars per share) $ 4.17 $ 0.16 $ 4.33 $ 0.32
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 75.5 74.9 75.4 75.1
Diluted (in shares) 75.9 75.2 75.9 75.6