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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 3,822.7 $ 2,945.2 $ 7,156.2 $ 5,630.9
Cost of goods sold 2,817.0 2,254.7 5,295.6 4,309.1
Gross profit 1,005.7 690.5 1,860.6 1,321.8
Operating expenses:        
Selling, general and administrative expenses 349.3 302.5 679.6 573.6
Engineering expenses 138.8 107.1 258.4 207.4
Amortization of intangibles 14.1 15.4 28.9 30.7
Impairment charges     0.0 36.0
Restructuring expenses 6.1 0.4 7.5 3.4
Bad debt expense 1.0 1.6 2.5 3.2
Income from operations 496.4 263.5 883.7 467.5
Interest expense, net 5.8 5.9 6.3 6.3
Other expense, net 78.0 21.7 128.4 39.2
Income before income taxes and equity in net earnings of affiliates 412.6 235.9 749.0 422.0
Income tax provision 111.0 71.5 231.2 131.7
Income before equity in net earnings of affiliates 301.6 164.4 517.8 290.3
Equity in net earnings of affiliates 17.6 13.2 34.0 24.3
Net income 319.2 177.6 551.8 314.6
Net loss attributable to noncontrolling interests 0.0 0.1 0.0 14.9
Net loss attributable to noncontrolling interests $ 319.2 $ 177.7 $ 551.8 $ 329.5
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 4.26 $ 2.38 $ 7.37 $ 4.41
Diluted (in dollars per share) 4.26 2.37 7.36 4.40
Cash dividends declared and paid per common share (in dollars per share) $ 5.28 $ 4.72 $ 5.52 $ 4.92
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.9 74.6 74.9 74.6
Diluted (in shares) 75.0 74.9 75.0 74.9