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Business Separation
3 Months Ended
Mar. 31, 2014
Business Separation [Abstract]  
Business separation [Text Block]
Business Separation
On March 10, 2014, we announced a plan to separate into two independent public companies. One company, “New FMC,” will contain our FMC Agricultural Solutions and FMC Health and Nutrition segments, while the other company, "FMC Minerals", will be comprised of our FMC Minerals segment. The official name for “New FMC” will be determined in the coming months.
We are currently in the process of evaluating the form and structure to separate FMC Corporation into two separate independent companies. We expect the separation, which remains subject to final board approval and other customary conditions, to take the form of a tax-free distribution of shares to existing FMC Corporation shareholders. We expect to complete the separation in the first half of 2015.
For the three months ended March 31, 2014, $3.0 million in expense was recognized related to this transaction and is included within "Business separation costs" on our condensed consolidated statement of income. These costs were primarily related to professional fees associated with separation activities within finance and legal functions.