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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 2,945.2 $ 2,879.3 $ 5,630.9 $ 5,258.0
Cost of goods sold 2,254.7 2,186.9 4,309.1 3,995.1
Gross profit 690.5 692.4 1,321.8 1,262.9
Operating expenses:        
Selling, general and administrative expenses 302.5 276.3 573.6 536.9
Engineering expenses 107.1 107.2 207.4 203.5
Amortization of intangibles 15.4 14.2 30.7 31.7
Impairment charges     36.0 0.0
Restructuring expenses 0.4 4.7 3.4 6.0
Bad debt expense (credit) 1.6 (0.3) 3.2 (0.7)
Income from operations 263.5 290.3 467.5 485.5
Interest expense, net 5.9 2.2 6.3 5.6
Other expense, net 21.7 14.6 39.2 26.1
Income before income taxes and equity in net earnings of affiliates 235.9 273.5 422.0 453.8
Income tax provision 71.5 7.7 131.7 51.3
Income before equity in net earnings of affiliates 164.4 265.8 290.3 402.5
Equity in net earnings of affiliates 13.2 18.6 24.3 33.3
Net income 177.6 284.4 314.6 435.8
Net loss (income) attributable to noncontrolling interests 0.1 (1.6) 14.9 (2.2)
Net income attributable to AGCO Corporation and subsidiaries $ 177.7 $ 282.8 $ 329.5 $ 433.6
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 2.38 $ 3.74 $ 4.41 $ 5.75
Diluted (in dollars per share) 2.37 3.73 4.40 5.71
Cash dividends declared and paid per common share (in dollars per share) $ 4.72 $ 4.17 $ 4.92 $ 4.33
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.6 75.5 74.6 75.4
Diluted (in shares) 74.9 75.9 74.9 75.9