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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 3,121.6 $ 2,725.1 $ 8,752.5 $ 7,983.1
Cost of goods sold 2,382.7 2,098.4 6,691.8 6,093.5
Gross profit 738.9 626.7 2,060.7 1,889.6
Operating expenses:        
Selling, general and administrative expenses 287.5 266.1 861.1 803.0
Engineering expenses 104.7 92.8 312.1 296.3
Amortization of intangibles 14.7 14.1 45.4 45.8
Impairment charges     36.0 0.0
Restructuring expenses 1.0 1.4 4.4 7.4
Bad debt expense (credit) (1.1) 0.4 2.1 (0.3)
Income from operations 332.1 251.9 799.6 737.4
Interest expense, net 2.3 1.2 8.6 6.8
Other expense, net 33.1 14.1 72.3 40.2
Income before income taxes and equity in net earnings of affiliates 296.7 236.6 718.7 690.4
Income tax provision 74.2 70.1 205.9 121.4
Income before equity in net earnings of affiliates 222.5 166.5 512.8 569.0
Equity in net earnings of affiliates 15.4 15.9 39.7 49.2
Net income 237.9 182.4 552.5 618.2
Net loss (income) attributable to noncontrolling interests 0.0 (1.1) 14.9 (3.3)
Net income attributable to AGCO Corporation and subsidiaries $ 237.9 $ 181.3 $ 567.4 $ 614.9
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 3.19 $ 2.41 $ 7.60 $ 8.16
Diluted (in dollars per share) 3.18 2.40 7.58 8.11
Cash dividends declared and paid per common share (in dollars per share) $ 0.24 $ 0.20 $ 5.16 $ 4.53
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.6 75.2 74.6 75.3
Diluted (in shares) 74.9 75.6 74.9 75.8