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Financial Instrument, Risk Management and Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2014
Financial Instruments Risk Management And Fair Value Measurements [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables provide the gross fair value and net balance sheet presentation of our derivative instruments as of March 31, 2014 and December 31, 2013.
 
March 31, 2014
 
Gross Amount of Derivatives
 
 
 
 
 
 
(in Millions)
Designated as Cash Flow Hedges
 
Not Designated as Hedging Instruments
 
Total Gross Amounts
 
Gross Amounts Offset in the Consolidated Balance Sheet (3)
 
Net Amounts
Derivatives
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
3.0

 
$
0.3

 
$
3.3

 
$
(3.0
)
 
$
0.3

Energy contracts
1.6

 
—

 
1.6

 
(0.1
)
 
1.5

Total derivative assets (1)
$
4.6

 
$
0.3

 
$
4.9

 
$
(3.1
)
 
$
1.8

 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(9.8
)
 
$
(13.3
)
 
$
(23.1
)
 
$
3.0

 
$
(20.1
)
Energy contracts
(0.4
)
 
—

 
(0.4
)
 
0.1

 
(0.3
)
Total derivative liabilities (2)
$
(10.2
)
 
$
(13.3
)
 
$
(23.5
)
 
$
3.1

 
$
(20.4
)
 
 
 
 
 
 
 
 
 
 
Net derivative assets/(liabilities)
$
(5.6
)
 
$
(13.0
)
 
$
(18.6
)
 
$
—

 
$
(18.6
)
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
Gross Amount of Derivatives
 
 
(in Millions)
Designated as Cash Flow Hedges
 
Not Designated as Hedging Instruments
 
Gross Amounts
 
Gross Amounts Offset in the Consolidated Balance Sheet (3)
 
Net Amounts
Derivatives
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
6.3

 
$
5.5

 
$
11.8

 
$
(6.7
)
 
$
5.1

Energy contracts
0.7

 
—

 
0.7

 
(0.2
)
 
0.5

Total derivative assets (1)
$
7.0

 
$
5.5

 
$
12.5

 
$
(6.9
)
 
$
5.6

 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(17.7
)
 
$
(0.6
)
 
$
(18.3
)
 
$
6.7

 
$
(11.6
)
Energy contracts
(0.6
)
 
—

 
(0.6
)
 
0.2

 
(0.4
)
Total derivative liabilities (2)
$
(18.3
)
 
$
(0.6
)
 
$
(18.9
)
 
$
6.9

 
$
(12.0
)
 
 
 
 
 
 
 
 
 
 
Net derivative assets/(liabilities)
$
(11.3
)
 
$
4.9

 
$
(6.4
)
 
$
—

 
$
(6.4
)
____________________
(1)
Net balance is included in “Prepaid and other current assets” in the condensed consolidated balance sheets.
(2)
Net balance is included in “Accrued and other liabilities” in the condensed consolidated balance sheets.
(3)
Represents net derivatives positions subject to master netting arrangements.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The tables below summarizes the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments for the three months ended March 31, 2014 and 2013.

Derivatives in Cash Flow Hedging Relationships

 
Three Months Ended March 31
 
Contracts
 
 
 
 
 
Foreign Exchange
 
Energy
 
Other
 
Total
(in Millions)
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Unrealized hedging gains (losses) and other, net of tax
$
1.1

 
$
3.8

 
$
1.4

 
$
2.4

 
$
—

 
$
—

 
$
2.5

 
$
6.2

Reclassification of deferred hedging (gains) losses, net of tax (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective portion
1.8

 
(0.9
)
 
(0.7
)
 
0.2

 
—

 
—

 
1.1

 
(0.7
)
Total derivative instrument impact on comprehensive income
$
2.9

 
$
2.9

 
$
0.7

 
$
2.6

 
$
—

 
$
—

 
$
3.6

 
$
5.5

___________________
(1)
See Note 14 for classification of amounts within the condensed consolidated statements of income.


Derivatives Not Designated as Hedging Instruments
 
 
Location of Gain or (Loss)
Recognized in Income on Derivatives
Amount of Pre-tax Gain or (Loss) 
Recognized in Income on Derivatives
 
 
Three Months Ended March 31
(in Millions)
 
2014
 
2013
Foreign exchange contracts
Cost of sales and services
$
4.9

 
$
(1.9
)
Total
 
$
4.9

 
$
(1.9
)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
(in Millions)
March 31, 2014
 
Quoted
Prices
in  Active
Markets  for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
1.5

 
$
—

 
$
1.5

 
$
—

Derivatives – Foreign exchange (1)
0.3

 
—

 
0.3

 
—

Other (2)
31.8

 
31.8

 
—

 
—

Total assets
$
33.6

 
$
31.8

 
$
1.8

 
$
—

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
0.3

 
$
—

 
$
0.3

 
$
—

Derivatives – Foreign exchange (1)
20.1

 
—

 
20.1

 
—

Other (3)
38.4

 
36.9

 
1.5

 
—

Total liabilities
$
58.8

 
$
36.9

 
$
21.9

 
$
—

 ____________________
(1)
See the Fair Value of Derivative Instruments table within this Note for classifications on our condensed consolidated balance sheet.
(2)
Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.
(3)
Consists of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts due are included in “Other long-term liabilities” in the condensed consolidated balance sheets. Level 2 liabilities represent liability-based awards associated with non-employees.
(in Millions)
December 31, 2013
 
Quoted
Prices
in  Active
Markets  for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
0.5

 
$
—

 
$
0.5

 
$
—

Derivatives – Foreign exchange (1)
5.1

 
—

 
5.1

 
—

Other (2)
32.7

 
32.7

 
—

 
—

Total assets
$
38.3

 
$
32.7

 
$
5.6

 
$
—

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
0.4

 
$
—

 
$
0.4

 
$
—

Derivatives – Foreign exchange (1)
11.6

 
—

 
11.6

 
—

Other (3)
37.4

 
37.4

 
—

 
—

Total liabilities
$
49.4

 
$
37.4

 
$
12.0

 
$
—

____________________
(1)
See the Fair Value of Derivative Instruments table within this Note for classification on our condensed consolidated balance sheet.
(2)
Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.
(3)
Consist of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts included in “Other long-term liabilities” in the condensed consolidated balance sheets.
Fair Value Measurements, Nonrecurring [Table Text Block]
The following tables present our fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis in our condensed consolidated balance sheets during the three months ended March 31, 2014 and the year ended December 31, 2013.
(in Millions)
March 31, 2014
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total Gains (Losses) (Three Months Ended March 31, 2014)
Liabilities
 
 
 
 
 
 
 
 
 
Liabilities associated with exit activities (1)
$
3.7

 
$
—

 
$
3.7

 
$
—

 
$
(4.9
)
Total liabilities
$
3.7

 
$
—

 
$
3.7

 
$
—

 
$
(4.9
)

____________________
(1)
This amount represents severance liabilities associated with the Health and Nutrition restructuring as further described in Note 7.

(in Millions)
December 31, 2013
 
Quoted
Prices
in  Active
Markets  for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total Gains
(Losses)
(Year Ended
December 31,
2013)
Assets
 
 
 
 
 
 
 
 
 
Net assets of discontinued operations held for sale (1)
$
150.1

 
$
—

 
$
—

 
$
150.1

 
$
(156.7
)
Long-lived assets associated with exit activities (2)
2.6

 
—

 
—

 
2.6

 
(1.9
)
Total assets
$
152.7

 
$
—

 
$
—

 
$
152.7

 
$
(158.6
)
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Liabilities associated with exit activities (3)
$
—

 
$
—

 
$
—

 
$
—

 
$
(7.2
)
Total liabilities
$
—

 
$
—

 
$
—

 
$
—

 
$
(7.2
)
____________________
(1)
We assessed the carrying value of the net assets held for sale of our discontinued FMC Peroxygens
segment at December 31, 2013. This charge was recorded in "Discontinued operations, net of income taxes" for the year ended December 31, 2013. Our evaluation of fair value, less cost to sell was based on the signed definitive agreement with One Equity Partners.
(2)
We recorded charges, within our FMC Minerals segment, to write down the value of certain long-lived assets to their fair value related to our Lithium restructuring.
(3)    This amount represents severance liabilities associated with the Lithium restructuring.