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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2014
Discontinued Operations [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The results of our discontinued FMC Peroxygens operations are summarized below:
(in Millions) | Three Months Ended March 31
2014 |  | 2013
Revenue | $ | 55.5 |  |  | $ | 79.5 |
(Loss) income from discontinued operations before income taxes (1) | (10.7 | ) |  | 4.5 |
Provision for income taxes | 29.3 |  |  | 2.1 |
Total discontinued operations of FMC Peroxygens, net of income taxes | $ | (40.0 | ) |  | $ | 2.4 |
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(1) | Includes allocated interest expense of $0.8 million and $1.2 million for the three months ended March 31, 2014 and 2013, respectively. Interest was allocated in accordance with relevant discontinued operations accounting guidance. Interest expense allocated in 2014 was prior to the completed sale. Income from discontinued operations before income taxes for 2014 includes the pre-tax loss of $10.1 million discussed in the preceding paragraph.
The following table presents the major classes of assets and liabilities of the FMC Peroxygens business as of December 31, 2013:
(in Millions) | December 31, 2013
Assets |
Current assets of discontinued operations held for sale (primarily trade receivables and inventories) | $ | 94.8 |
Property, plant & equipment | 61.1 |
Goodwill | — |
Intangible assets, net | 2.7 |
Other non-current assets | 39.7 |
Noncurrent assets of discontinued operations held for sale (1) | 103.5 |
Total Assets | 198.3 |
Liabilities |
Current liabilities of discontinued operations held for sale | 43.0 |
Noncurrent liabilities of discontinued operations held for sale (1) | 5.2 |
Total Liabilities | 48.2 |
Net Assets (2) | $ | 150.1 |
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(1) | Presented as "Current assets\liabilities of discontinued operations held for sale" on the condensed and consolidated balance sheet as of December 31, 2013.
(2) | Excludes the net cumulative translation adjustment (CTA) losses of our foreign FMC Peroxygens operations. See Note 14 for the CTA loss recognized upon the divestiture of FMC Peroxygens.
In addition to our discontinued FMC Peroxygens business our other discontinued operations include adjustments to retained liabilities. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities. Our discontinued operations comprised the following:
(in Millions) | Three Months Ended March 31
2014 |  | 2013
Adjustment for workers’ compensation, product liability, and other postretirement benefits, net of income tax benefit (expense) of zero and ($0.1) for the three months ended March 31, 2014 and 2013, respectively | $ | (0.1 | ) |  | $ | 0.1 |
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $2.7 and $1.3 for the three months ended March 31, 2014 and 2013, respectively (1) | (4.8 | ) |  | (2.0 | )
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit of $2.3 and $2.0 for the three months ended March 31, 2014 and 2013, respectively | (3.8 | ) |  | (3.3 | )
Provision for restructuring charges, net of income tax benefit (expense) of zero and $0.2 for the three months ended March 31, 2014 and 2013, respectively (2) | (1.4 | ) |  | (0.4 | )
Discontinued operations of FMC Peroxygens, net of income tax benefit (expense) of ($29.3) and $2.1 for the three months ended March 31, 2014 and 2013, respectively | (40.0 | ) |  | 2.4 |
Discontinued operations, net of income taxes | $ | (50.1 | ) |  | $ | (3.2 | )
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(1) | See a roll forward of our environmental reserves as well as discussion on significant environmental issues that occurred during the 2014 in Note 11.
(2) | See roll forward of our restructuring reserves in Note 7.

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 + Details
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