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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 2,497.5 $ 2,109.4 $ 6,432.6 $ 6,527.8
Cost of goods sold 1,918.8 1,659.2 4,970.7 5,057.0
Gross profit 578.7 450.2 1,461.9 1,470.8
Selling, general and administrative expenses 251.3 245.0 718.4 767.9
Engineering expenses 82.0 82.3 242.7 254.3
Amortization of intangibles 14.8 14.9 44.7 45.6
Goodwill impairment charge 0.0 0.0 20.0 0.0
Bad debt expense 5.8 0.8 9.0 2.1
Restructuring expenses 0.8 1.3 5.4 3.0
Income from operations 224.0 105.9 421.7 397.9
Interest expense, net 3.6 6.4 13.1 15.9
Other expense, net 15.3 20.8 37.8 47.0
Income before income taxes and equity in net earnings of affiliates 205.1 78.7 370.8 335.0
Income tax provision 57.2 83.2 117.9 155.8
Income (loss) before equity in net earnings of affiliates 147.9 (4.5) 252.9 179.2
Equity in net earnings of affiliates 10.2 10.8 31.5 33.2
Net income 158.1 6.3 284.4 212.4
Net loss attributable to noncontrolling interests (0.8) 1.3 7.3 1.1
Net income attributable to AGCO Corporation and subsidiaries $ 157.3 $ 7.6 $ 291.7 $ 213.5
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 2.10 $ 0.10 $ 3.89 $ 2.79
Diluted (in dollars per share) 2.09 0.10 3.86 2.77
Cash dividends declared and paid per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.48 $ 0.47
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.9 76.1 75.0 76.4
Diluted (in shares) 75.4 76.7 75.5 77.1