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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 3,455.5 $ 3,121.6 $ 10,611.7 $ 8,752.5
Cost of goods sold 2,521.5 2,382.7 7,817.1 6,691.8
Gross profit 934.0 738.9 2,794.6 2,060.7
Operating expenses:        
Selling, general and administrative expenses 353.6 287.5 1,033.2 861.1
Engineering expenses 139.6 104.7 398.0 312.1
Amortization of intangibles 14.4 14.7 43.3 45.4
Impairment charges     0.0 36.0
Restructuring expenses 0.8 1.0 8.3 4.4
Bad debt expense 2.0 (1.1) 4.5 2.1
Income from operations 423.6 332.1 1,307.3 799.6
Interest expense, net 5.5 2.3 11.8 8.6
Other expense, net 84.2 33.1 212.6 72.3
Income before income taxes and equity in net earnings of affiliates 333.9 296.7 1,082.9 718.7
Income tax provision 75.3 74.2 306.5 205.9
Income before equity in net earnings of affiliates 258.6 222.5 776.4 512.8
Equity in net earnings of affiliates 21.9 15.4 55.9 39.7
Net income 280.5 237.9 832.3 552.5
Net loss attributable to noncontrolling interests 0.1 0.0 0.1 14.9
Net income attributable to AGCO Corporation and subsidiaries $ 280.6 $ 237.9 $ 832.4 $ 567.4
Net income per common share attributable to AGCO Corporation and subsidiaries:        
Basic (in dollars per share) $ 3.75 $ 3.19 $ 11.11 $ 7.60
Diluted (in dollars per share) 3.74 3.18 11.10 7.58
Cash dividends declared and paid per common share (in dollars per share) $ 0.29 $ 0.24 $ 5.81 $ 5.16
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 74.9 74.6 74.9 74.6
Diluted (in shares) 75.0 74.9 75.0 74.9