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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 1,171.3 $ 874.7 $ 901.5
Defined benefit pension plans, net of taxes:      
Prior service (cost) credit arising during the year 0.0 (19.1) 10.0
Net loss (gain) recognized due to settlement 0.4 (0.4) 0.1
Net loss recognized due to curtailment 0.0 0.0 6.3
Net actuarial (loss) gain arising during the year (16.1) 12.3 53.6
Amortization of prior service cost included in net periodic pension cost 1.3 0.0 0.6
Amortization of net actuarial losses included in net periodic pension cost 7.0 6.4 12.3
Derivative adjustments:      
Net changes in fair value of derivatives (8.9) (14.6) 5.1
Net losses (gains) reclassified from accumulated other comprehensive loss into income 9.0 14.1 (3.0)
Foreign currency translation adjustments 102.3 (30.0) (45.5)
Other comprehensive income (loss), net of reclassification adjustments 95.0 (31.3) 39.5
Comprehensive income 1,266.3 843.4 941.0
Comprehensive loss (income) attributable to noncontrolling interests 0.1 14.0 (4.1)
Comprehensive income attributable to AGCO Corporation and subsidiaries $ 1,266.4 $ 857.4 $ 936.9