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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 2,599.3 $ 3,455.5 $ 8,774.6 $ 10,611.7
Cost of goods sold 1,996.2 2,521.5 6,564.2 7,817.1
Gross profit 603.1 934.0 2,210.4 2,794.6
Operating expenses:        
Selling, general and administrative expenses 344.3 355.6 1,074.5 1,037.7
Engineering expenses 121.3 139.6 390.0 398.0
Amortization expense 8.8 14.4 54.4 43.3
Impairment charges 0.2 0.0 5.3 0.0
Restructuring and business optimization expenses 10.5 0.8 41.7 8.3
Loss on business held for sale 3.2 0.0 497.8 0.0
Income from operations 114.8 423.6 146.7 1,307.3
Interest expense, net 33.9 5.5 65.7 11.8
Other expense, net 52.3 84.2 168.4 212.6
Income before income taxes and equity in net earnings of affiliates 28.6 333.9 (87.4) 1,082.9
Income tax provision 11.9 75.3 122.6 306.5
Income before equity in net earnings of affiliates 16.7 258.6 (210.0) 776.4
Equity in net earnings of affiliates 12.2 21.9 38.0 55.9
Net income 28.9 280.5 (172.0) 832.3
Net loss attributable to noncontrolling interests 1.1 0.1 2.9 0.1
Net income attributable to AGCO Corporation and subsidiaries $ 30.0 $ 280.6 $ (169.1) $ 832.4
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 0.40 $ 3.75 $ (2.27) $ 11.11
Diluted (in dollars per share) 0.40 3.74 (2.27) 11.10
Cash dividends declared per common share (in dollars per share) 0.29 0.29 3.37 5.81
Cash dividends paid per common share (in dollars per share) $ 0.29 $ 0.29 $ 3.37 $ 5.81
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