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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 2,685.7 $ 2,378.7
Cost of goods sold 2,054.4 1,808.2
Gross profit 631.3 570.5
Selling, general and administrative expenses 271.1 260.6
Operating expenses:    
Engineering expenses 100.3 96.3
Amortization of intangibles 15.3 17.5
Impairment charges 36.0 0.0
Restructuring expenses 3.0 1.3
Bad debt (credit) expense 1.6 (0.4)
Income from operations 204.0 195.2
Interest expense, net 0.4 3.4
Other expense, net 17.5 11.5
Income before income taxes and equity in net earnings of affiliates 186.1 180.3
Income tax provision 60.2 43.6
Income before equity in net earnings of affiliates 125.9 136.7
Equity in net earnings of affiliates 11.1 14.7
Net income 137.0 151.4
Net (income) loss attributable to noncontrolling interests 14.8 (0.6)
Net income attributable to AGCO Corporation and subsidiaries $ 151.8 $ 150.8
Net income per common share attributable to AGCO Corporation and subsidiaries:    
Basic (in dollars per share) $ 2.03 $ 2.00
Diluted (in dollars per share) 2.03 1.99
Cash dividends declared and paid per common share (in dollars per share) $ 0.20 $ 0.16
Weighted average number of common and common equivalent shares outstanding:    
Basic (in shares) 74.6 75.3
Diluted (in shares) 74.9 75.9