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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 11,661.9 $ 14,412.4 $ 12,651.4
Cost of goods sold 8,762.8 10,635.0 9,650.1
Gross profit 2,899.1 3,777.4 3,001.3
Operating expenses:      
Selling, general and administrative expenses 1,397.7 1,454.5 1,189.5
Engineering expenses 493.0 548.8 444.2
Amortization of intangibles 81.0 57.7 60.1
Impairment charges 369.5 4.1 36.0
Restructuring and business optimization expenses 172.7 11.9 6.1
Loss on sale of business 507.3 0.0 0.0
Income (loss) from operations (122.1) 1,700.4 1,265.4
Interest expense, net 93.0 4.6 13.0
Other expense, net 218.5 362.3 145.2
Income (loss) before income taxes and equity in net earnings of affiliates (433.6) 1,333.5 1,107.2
Income tax provision 98.4 230.4 296.6
Income (loss) before equity in net earnings of affiliates (532.0) 1,103.1 810.6
Equity in net earnings of affiliates 46.4 68.2 64.1
Net income (loss) (485.6) 1,171.3 874.7
Net loss attributable to noncontrolling interests 60.8 0.1 14.9
Net income (loss) attributable to AGCO Corporation $ (424.8) $ 1,171.4 $ 889.6
Net income (loss) per common share attributable to AGCO Corporation:      
Basic (in dollars per share) $ (5.69) $ 15.66 $ 11.92
Diluted (in dollars per share) (5.69) 15.63 11.87
Cash dividends declared per common share (in dollars per share) 3.66 6.10 5.40
Cash dividends paid per common share (in dollars per share) $ 3.66 $ 6.10 $ 5.40
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 74.6 74.8 74.6
Diluted (in shares) 74.7 74.9 74.9