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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 2,006.8 $ 2,422.6 $ 3,935.1 $ 4,418.4
Cost of goods sold 1,574.1 1,858.7 3,051.9 3,397.8
Gross profit 432.7 563.9 883.2 1,020.6
Selling, general and administrative expenses 219.5 260.7 467.1 522.9
Engineering expenses 75.8 87.5 160.7 172.0
Amortization of intangibles 14.9 15.4 29.9 30.7
Goodwill impairment charge 20.0 0.0 20.0 0.0
Restructuring expenses 3.8 0.0 4.6 1.7
Bad debt expense 1.4 0.7 3.2 1.3
Income from operations 97.3 199.6 197.7 292.0
Interest expense, net 6.1 6.0 9.5 9.5
Other expense, net 10.0 11.6 22.5 26.2
Income before income taxes and equity in net earnings of affiliates 81.2 182.0 165.7 256.3
Income tax provision 31.3 53.2 60.7 72.6
Income before equity in net earnings of affiliates 49.9 128.8 105.0 183.7
Equity in net earnings of affiliates 10.1 11.6 21.3 22.4
Net income 60.0 140.4 126.3 206.1
Net loss (income) attributable to noncontrolling interests 9.7 0.4 8.1 (0.2)
Net income attributable to AGCO Corporation and subsidiaries $ 69.7 $ 140.8 $ 134.4 $ 205.9
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 0.93 $ 1.84 $ 1.79 $ 2.69
Diluted (in dollars per share) 0.93 1.82 1.78 2.66
Cash dividends declared and paid per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.32 $ 0.31
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.9 76.6 75.1 76.6
Diluted (in shares) 75.2 77.2 75.6 77.3