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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 2,725.1 $ 2,497.5 $ 7,983.1 $ 6,432.6
Cost of goods sold 2,098.4 1,918.8 6,093.5 4,970.7
Gross profit 626.7 578.7 1,889.6 1,461.9
Selling, general and administrative expenses 266.1 251.3 803.0 718.4
Operating expenses:        
Engineering expenses 92.8 82.0 296.3 242.7
Amortization of intangibles 14.1 14.8 45.8 44.7
Goodwill impairment charge 0.0 0.0 0.0 20.0
Restructuring expenses 1.4 0.8 7.4 5.4
Bad debt (credit) expense 0.4 5.8 (0.3) 9.0
Income from operations 251.9 224.0 737.4 421.7
Interest expense, net 1.2 3.6 6.8 13.1
Other expense, net 14.1 15.3 40.2 37.8
Income before income taxes and equity in net earnings of affiliates 236.6 205.1 690.4 370.8
Income tax provision 70.1 57.2 121.4 117.9
Income before equity in net earnings of affiliates 166.5 147.9 569.0 252.9
Equity in net earnings of affiliates 15.9 10.2 49.2 31.5
Net income 182.4 158.1 618.2 284.4
Net (income) loss attributable to noncontrolling interests (1.1) (0.8) (3.3) 7.3
Net income attributable to AGCO Corporation and subsidiaries $ 181.3 $ 157.3 $ 614.9 $ 291.7
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 2.41 $ 2.10 $ 8.16 $ 3.89
Diluted (in dollars per share) 2.40 2.09 8.11 3.86
Cash dividends declared and paid per common share (in dollars per share) $ 0.20 $ 0.16 $ 4.53 $ 0.48
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 75.2 74.9 75.3 75.0
Diluted (in shares) 75.6 75.4 75.8 75.5