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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 3,246.6 $ 3,822.7 $ 6,175.3 $ 7,156.2
Cost of goods sold 2,409.1 2,817.0 4,568.0 5,295.6
Gross profit 837.5 1,005.7 1,607.3 1,860.6
Operating expenses:        
Selling, general and administrative expenses 379.8 350.3 730.2 682.1
Engineering expenses 137.8 138.8 268.7 258.4
Amortization expense 31.7 14.1 45.6 28.9
Impairment charges 5.1 0.0 5.1 0.0
Restructuring expenses 30.2 6.1 31.2 7.5
Loss on business held for sale 494.6 0.0 494.6 0.0
Income (loss) from operations (241.7) 496.4 31.9 883.7
Interest expense, net 29.9 5.8 31.8 6.3
Other expense, net 65.3 78.0 116.1 128.4
Income (loss) before income taxes and equity in net earnings of affiliates (336.9) 412.6 (116.0) 749.0
Income tax provision 41.6 111.0 110.7 231.2
Income (loss) before equity in net earnings of affiliates (378.5) 301.6 (226.7) 517.8
Equity in net earnings of affiliates 9.6 17.6 25.8 34.0
Net income (loss) (368.9) 319.2 (200.9) 551.8
Net loss attributable to noncontrolling interests 1.8 0.0 1.8 0.0
Net income (loss) attributable to AGCO Corporation and subsidiaries $ (367.1) $ 319.2 $ (199.1) $ 551.8
Net income (loss) per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ (4.92) $ 4.26 $ (2.67) $ 7.37
Diluted (in dollars per share) (4.92) 4.26 (2.67) 7.36
Cash dividends declared and paid per common share (in dollars per share) $ 2.79 $ 5.28 $ 3.08 $ 5.52
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.6 74.9 74.6 74.9
Diluted (in shares) 74.7 75.0 74.7 75.0