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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,928.3 $ 1,995.8
Cost of goods sold 1,477.8 1,539.1
Gross profit 450.5 456.7
Selling, general and administrative expenses 247.6 262.2
Engineering expenses 84.9 84.5
Amortization of intangibles 15.0 15.3
Bad debt expense 1.8 0.6
Restructuring expenses 0.8 1.7
Income from operations 100.4 92.4
Interest expense, net 3.4 3.5
Other expense, net 12.5 14.6
Income before income taxes and equity in net earnings of affiliates 84.5 74.3
Income tax provision 29.4 19.4
Income before equity in net earnings of affiliates 55.1 54.9
Equity in net earnings of affiliates 11.2 10.8
Net income 66.3 65.7
Net income attributable to noncontrolling interests (1.6) (0.6)
Net Income (Loss) Attributable to Parent $ 64.7 $ 65.1
Net income per common share attributable to AGCO Corporation and subsidiaries:    
Basic (in dollars per share) $ 0.86 $ 0.85
Diluted (in dollars per share) 0.85 0.84
Cash dividends declared and paid per common share (in dollars per share) $ 0.16 $ 0.15
Weighted average number of common and common equivalent shares outstanding:    
Basic (in shares) 75.3 76.6
Diluted (in shares) 75.9 77.5