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Equity
 3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Equity
Equity
Refer to the table below for a reconciliation of equity, equity attributable to the parent, and equity attributable to noncontrolling interests for the three months ended March 31, 2013: 
(in Millions, Except Per Share Data)
FMC’s
Stockholders’
Equity
 
Noncontrolling
Interest
 
Total
Equity
Balance at December 31, 2012
$
1,480.3

 
$
74.5

 
$
1,554.8

Net income
130.9

 
4.1

 
135.0

Stock compensation plans
8.6

 
—

 
8.6

Excess tax benefits from share-based compensation
4.3

 
—

 
4.3

Shares for benefit plan trust
(0.4
)
 
—

 
(0.4
)
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax (1)
11.4

 
—

 
11.4

Net hedging gains/(losses) and other, net of income tax (1)
5.5

 
—

 
5.5

Foreign currency translation adjustments (1)
(14.5
)
 
(0.1
)
 
(14.6
)
Dividends ($0.135 per share)
(18.5
)
 
—

 
(18.5
)
Repurchases of common stock
(116.3
)
 
—

 
(116.3
)
Acquisition of noncontrolling interests (2)
(55.2
)
 
(24.8
)
 
(80.0
)
Distributions to noncontrolling interests
—

 
(6.6
)
 
(6.6
)
Balance at March 31, 2013
$
1,436.1

 
$
47.1

 
$
1,483.2


____________________
(1)
See Condensed Consolidated Statements of Comprehensive Income.
(2)
See "FMC Wyoming" discussion below.

FMC Wyoming
We purchased an additional 6.25 percent ownership interest in FMC Wyoming Corporation (FMC WY) in March 2013 from Nippon Sheet Glass Company Ltd. for $80.0 million which increased our ownership from 87.5 percent to 93.75 percent. FMC WY is our majority owned joint venture that manufactures, markets and sells soda ash products. The 6.25 percent was owned by one of two noncontrolling interest holders of FMC WY stock. The purchase price was paid in two increments. In March 2013, $72.0 million was paid which is classified as financing within our Condensed Consolidated Statements of Cash Flow. In April 2013 the remaining $8.0 million was paid. The $8.0 million was recorded as "Accrued and other liabilities" on our condensed consolidated balance sheet as of March 31, 2013.
Dividends and Share Repurchases
For the three months ended March 31, 2013 and 2012, we paid $18.7 million and $10.5 million, respectively, in dividends declared in previous periods. On April 18, 2013, we paid dividends totaling $18.5 million to our shareholders of record as of March 28, 2013. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheets as of March 31, 2013.
 
During the three months ended March 31, 2013, we repurchased 1,843,200 shares under the publicly announced repurchase program for $109.9 million. At March 31, 2013, $134.9 million remained unused under our Board-authorized repurchase program.

On April 23, 2013 our Board authorized the repurchase of up to $500 million of our common shares. This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time. Shares may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market conditions and other factors. The authorization of April 23, 2013, replaced the previous authority under which $134.9 million was unused.