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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net Income $ 94.6 $ 90.9 $ 329.5 $ 300.5
Foreign currency translation adjustments (1) 13.3 [1] (21.8) [1] (4.9) [1],[2] 6.2 [1]
Unrealized hedging gains (losses) and other 1.1 (5.5) 0.4 (2.9)
Reclassification of deferred hedging (gains) losses and other, included in net income 2.6 (1.6) 4.2 (0.4)
Total derivative instruments 3.7 (7.1) 4.6 [2] (3.3)
Unrealized actuarial gains (losses) and amortization of prior service (costs) credits (2) (1.6) [3] 0.5 [3] (1.2) [3] (0.5) [3]
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income 6.4 4.6 22.2 15.8
Total pension and other postretirement benefits 4.8 5.1 21.0 [2] 15.3
Other comprehensive income (loss), net of tax 21.8 (23.8) 20.7 18.2
Comprehensive income 116.4 67.1 350.2 318.7
Less: Comprehensive income attributable to the noncontrolling interest 4.8 3.8 15.4 12.5
Comprehensive income attributable to FMC stockholders $ 111.6 $ 63.3 $ 334.8 $ 306.2
[1] Income taxes are not provided on the equity in undistributed earnings of our foreign subsidiaries or affiliates since it is our intention that such earnings will remain invested in those affiliates permanently.
[2] See Condensed Consolidated Statements of Comprehensive Income.
[3] At December 31st of each year, we remeasure our pension and postretirement plan obligations at which time we record any actuarial gains (losses) and prior service (costs) credits to other comprehensive income. The interim adjustments noted above reflect the foreign currency translation impacts from the unrealized actuarial gains (losses) and prior service (costs) credits related to our foreign pension and postretirement plans.