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Restructuring and Other Charges (Income) | 9 Months Ended
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Sep. 30, 2012
Restructuring and other charges income [Abstract] |
Restructuring and Other Charges (Income) | Restructuring and Other Charges (Income) Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below:
| Three Months Ended September 30 |  | Nine Months Ended September 30
(in Millions) | 2012 |  | 2011 |  | 2012 |  | 2011
Restructuring Charges and Asset Disposals | $ | 6.2 |  |  | $ | 12.3 |  |  | $ | 11.6 |  |  | $ | 21.5 |
Other Charges (Income), Net | 5.4 |  |  | 1.1 |  |  | 7.3 |  |  | 5.7 |
Total Restructuring and Other Charges | $ | 11.6 |  |  | $ | 13.4 |  |  | $ | 18.9 |  |  | $ | 27.2 |
RESTRUCTURING CHARGES AND ASSET DISPOSALS The restructuring charges and asset disposals which commenced during 2012 are noted below. For further detail on the r estructuring charges and asset disposals which commenced prior to 2012, see Note 7 to our consolidated financial statements included with our 2011 Form 10-K. Zeolites Restructuring We made the decision to phase out our zeolite operations in Spain and exit the product line by fourth quarter 2012. The zeolites product line in our Peroxygens division within our Industrial Chemicals segment is a regional business, principally serving the powder detergent market in Spain. Competitive disadvantages and underperforming results, have made it uneconomical for FMC to continue zeolite operations. The plant assets will operate through the fourth quarter of 2012 and therefore we will recognize approximately $4 million of additional accelerated depreciation through the end of 2012.
| Restructuring Charges |  |  |
(in Millions) | Severance and Employee Benefits (1) |  | Other Charges (Income) (2) |  | Asset Disposal Charges (3) | Total
Zeolites Shutdown | 5.7 |  |  | — |  |  | — |  | 5.7 |
Huelva Shutdown | — |  |  | 0.3 |  |  | — |  | 0.3 |
Other Items (4) | — |  |  | 0.2 |  |  | — |  | 0.2 |
Three months ended September 30, 2012 | $ | 5.7 |  |  | $ | 0.5 |  |  | $ | — |  | $ | 6.2 |
Sodium Percarbonate Phase-out | — |  |  | 10.1 |  |  | — |  | 10.1 |
Huelva Shutdown | — |  |  | — |  |  | 0.6 |  | 0.6 |
Other Items (4) | 0.5 |  |  | 0.5 |  |  | 0.6 |  | 1.6 |
Three months ended September 30, 2011 | $ | 0.5 |  |  | $ | 10.6 |  |  | $ | 1.2 |  | $ | 12.3 |
Zeolites Shutdown | 5.7 |  |  | — |  |  | — |  | 5.7 |
Huelva Shutdown | — |  |  | 1.1 |  |  | — |  | 1.1 |
Other Items (4) | 2.4 |  |  | 0.6 |  |  | 1.8 |  | 4.8 |
Nine months ended September 30, 2012 | $ | 8.1 |  |  | $ | 1.7 |  |  | $ | 1.8 |  | $ | 11.6 |
Sodium Percarbonate Phase-out | 5.5 |  |  | 10.1 |  |  | — |  | 15.6 |
Huelva Shutdown | — |  |  | — |  |  | 2.1 |  | 2.1 |
Other Items (4) | 0.9 |  |  | 2.1 |  |  | 0.8 |  | 3.8 |
Nine months ended September 30, 2011 | $ | 6.4 |  |  | $ | 12.2 |  |  | $ | 2.9 |  | $ | 21.5 |
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(1) | Represents severance and employee benefit charges. Income represents adjustments to previously recorded severance and employee benefits.
(2) | Primarily represents costs associated with accrued lease payments, contract terminations, and other miscellaneous exit costs. Other Income primarily represents favorable developments on previously recorded exit costs as well as recoveries associated with restructuring.
(3) | Primarily represents accelerated depreciation and impairment charges on plant and equipment, which were or are to be abandoned. Asset disposal charges also included the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns, see Note 7.
(4) | Represents charges associated with other restructuring activities, which have resulted in severance and asset disposal costs.
Roll forward of Restructuring Reserves The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude asset retirement obligations, which are discussed in Note 7.
(in Millions) | Balance at 12/31/11 (4) |  | Change in reserves (2) |  | Cash payments |  | Other (3) |  | Balance at 9/30/12 (4)
Zeolites Shutdown | $ | — |  |  | $ | 5.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 5.7 |
Sodium Percarbonate Phase-out | 1.1 |  |  | 0.2 |  |  | (1.3 | ) |  | — |  |  | — |
Alginates Restructuring | 2.8 |  |  | 0.2 |  |  | (0.5 | ) |  | — |  |  | 2.5 |
Huelva Restructuring | 7.3 |  |  | 1.1 |  |  | (5.0 | ) |  | — |  |  | 3.4 |
Barcelona Facility Shutdown | 0.2 |  |  | 0.2 |  |  | (0.3 | ) |  | (0.1 | ) |  | — |
Other Workforce Related and Facility Shutdowns (1) | 1.0 |  |  | 2.4 |  |  | (0.2 | ) |  | — |  |  | 3.2 |
Total | $ | 12.4 |  |  | $ | 9.8 |  |  | $ | (7.3 | ) |  | $ | (0.1 | ) |  | $ | 14.8 |
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(1) | Primarily severance costs related to workforce reductions and facility shutdowns described in the “Other Items” sections above.
(2) | Primarily severance, exited lease, contract termination and other miscellaneous exit costs. The accelerated depreciation and impairment charges noted above impacted our property, plant and equipment balances and are not included in the above tables.
(3) | Primarily foreign currency translation adjustments.
(4) | Included in “Accrued and other liabilities” and “Other long-term liabilities” on the condensed consolidated balance sheets.
OTHER CHARGES (INCOME), NET
| Three Months Ended September 30 |  | Nine Months Ended September 30
(in Millions) | 2012 |  | 2011 |  | 2012 |  | 2011
Environmental Charges, Net | $ | 1.0 |  |  | $ | 1.1 |  |  | $ | 3.5 |  |  | $ | 4.1 |
Other, net | 4.4 |  |  | — |  |  | 3.8 |  |  | 1.6 |
Other Charges (Income), Net | $ | 5.4 |  |  | $ | 1.1 |  |  | $ | 7.3 |  |  | $ | 5.7 |
Environmental Charges, Net Environmental charges represent the net charges associated with environmental remediation at continuing operating sites, see Note 11 for additional details. Other, Net During the third quarter of 2012, our Agricultural Products segment entered into a collaboration and license agreement with a third-party company for the purpose of obtaining certain technology and intellectual property rights relating to a new fungicide compound still under development. We recorded $4.4 million for these rights as a charge to "Restructuring and other charges (income)" in the condensed consolidated statements of income for the three and nine months ended September 30, 2012.

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- Definition This describes the aggregate amount provided for estimated restructuring charges, remediation costs, gains on sale of assets, in process research and development acquired as part of an asset acquisition, asset impairment losses and other miscellaneous charges to income during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). + References No definition available. + Details
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