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Net Income Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share A reconciliation of net income attributable to AGCO Corporation and subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the years ended December 31, 2023, 2022 and 2021 is as follows (in millions, except per share data):
202320222021
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries$1,171.4 $889.6 $897.0 
Weighted average number of common shares outstanding74.8 74.6 75.2 
Basic net income per share attributable to AGCO Corporation and subsidiaries$15.66 $11.92 $11.93 
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries$1,171.4 $889.6 $897.0 
Weighted average number of common shares outstanding74.8 74.6 75.2 
Dilutive SSARs, performance share awards and RSUs
0.1 0.3 0.5 
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share
74.9 74.9 75.7 
Diluted net income per share attributable to AGCO Corporation and subsidiaries$15.63 $11.87 $11.85