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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 11,138.3 $ 9,149.7 $ 9,041.4
Cost of goods sold 8,566.0 7,092.2 7,057.1
Gross profit 2,572.3 2,057.5 1,984.3
Operating expenses:      
Selling, general and administrative expenses 1,088.2 1,001.5 1,040.3
Engineering expenses 405.8 342.6 343.4
Amortization of intangibles 61.1 59.5 61.1
Impairment charges 0.0 20.0 176.6
Restructuring expenses 15.3 19.7 9.0
Bad debt expense 0.5 14.5 5.8
Income from operations 1,001.4 599.7 348.1
Interest expense, net 6.7 15.0 19.9
Other expense, net 50.4 22.7 67.1
Income before income taxes and equity in net earnings of affiliates 944.3 562.0 261.1
Income tax provision 108.4 187.7 180.8
Income before equity in net earnings of affiliates 835.9 374.3 80.3
Equity in net earnings of affiliates 65.6 45.5 42.5
Net income 901.5 419.8 122.8
Net (income) loss attributable to noncontrolling interests (4.5) 7.3 2.4
Net income attributable to AGCO Corporation and subsidiaries $ 897.0 $ 427.1 $ 125.2
Net income per common share attributable to AGCO Corporation and subsidiaries:      
Basic (in dollars per share) $ 11.93 $ 5.69 $ 1.64
Diluted (in dollars per share) 11.85 5.65 1.63
Cash dividends declared and paid per common share (in dollars per share) $ 4.74 $ 0.63 $ 0.63
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 75.2 75.0 76.2
Diluted (in shares) 75.7 75.6 77.0