XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Equity | 3 Months Ended
--- | ---
Mar. 31, 2016
Equity [Abstract] |
Equity | Equity The table provides a roll forward of equity, equity attributable to FMC stockholders, and equity attributable to noncontrolling interests.
(in Millions, Except Per Share Data) | FMC Stockholders’ Equity |  | Noncontrolling Interest |  | Total Equity
Balance at December 31, 2015 | $ | 1,865.7 |  |  | $ | 42.6 |  |  | $ | 1,908.3 |
Net income (loss) | 48.3 |  |  | 0.4 |  |  | 48.7 |
Stock compensation plans | 6.8 |  |  | — |  |  | 6.8 |
Excess tax benefits from share-based compensation | (0.3 | ) |  | — |  |  | (0.3 | )
Shares for benefit plan trust | (0.1 | ) |  | — |  |  | (0.1 | )
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax (1) | 6.3 |  |  | — |  |  | 6.3 |
Net hedging gains/(losses) and other, net of income tax (1) | 4.7 |  |  | — |  |  | 4.7 |
Foreign currency translation adjustments (1) | 52.2 |  |  | 0.1 |  |  | 52.3 |
Dividends ($.165 per share) | (22.2 | ) |  | — |  |  | (22.2 | )
Repurchases of common stock | (1.2 | ) |  | — |  |  | (1.2 | )
Balance at March 31, 2016 | $ | 1,960.2 |  |  | $ | 43.1 |  |  | $ | 2,003.3 |
____________________
(1) | See condensed consolidated statements of comprehensive income (loss).
Accumulated other comprehensive income (loss) Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.
(in Millions) | Foreign currency adjustments |  | Derivative Instruments(1) |  | Pension and other postretirement benefits (2) |  | Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2015 | $ | (147.3 | ) |  | $ | (6.2 | ) |  | $ | (303.8 | ) |  | $ | (457.3 | )
2016 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications (3) | 52.2 |  |  | 2.3 |  |  | — |  |  | $ | 54.5 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 2.4 |  |  | 6.3 |  |  | $ | 8.7 |
Accumulated other comprehensive income (loss), net of tax at March 31, 2016 | $ | (95.1 | ) |  | $ | (1.5 | ) |  | $ | (297.5 | ) |  | $ | (394.1 | )
(in Millions) | Foreign currency adjustments |  | Derivative Instruments (1) |  | Pension and other postretirement benefits (2) |  | Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2014 | $ | (50.4 | ) |  | $ | (3.9 | ) |  | $ | (321.5 | ) |  | $ | (375.8 | )
2015 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications (3) | (39.7 | ) |  | 2.3 |  |  | (5.9 | ) |  | $ | (43.3 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (1.8 | ) |  | 11.7 |  |  | $ | 9.9 |
Accumulated other comprehensive income (loss), net of tax at March 31, 2015 | $ | (90.1 | ) |  | $ | (3.4 | ) |  | $ | (315.7 | ) |  | $ | (409.2 | )
____________________ (1) See Note 16 for more information. (2) See Note 14 for more information. (3) Excludes foreign currency translation adjustments attributable to noncontrolling interests. Reclassifications of accumulated other comprehensive income (loss) The table below provides details about the reclassifications from Accumulated Other Comprehensive Income (Loss) and the affected line items in the condensed consolidated statements of income (loss) for each of the periods presented.
Details about Accumulated Other Comprehensive Income Components |  | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1) |  | Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
|  | Three Months Ended March 31 |  |
(in Millions) |  | 2016 |  | 2015 |  |
Derivative instruments: |  |  |  |  |  |
Foreign currency contracts |  | $ | (0.9 | ) |  | $ | 8.7 |  |  | Costs of sales and services
Energy contracts |  | (0.6 | ) |  | (1.3 | ) |  | Costs of sales and services
Foreign currency contracts |  | (2.1 | ) |  | (4.4 | ) |  | Selling, general and administrative expenses
Total before tax |  | (3.6 | ) |  | 3.0 |  |  |
|  | 1.2 |  |  | (1.2 | ) |  | Provision for income taxes
Amount included in net income |  | $ | (2.4 | ) |  | $ | 1.8 |  |  |
Pension and other postretirement benefits (2): |  |  |  |  |  |
Amortization of prior service costs |  | $ | (0.2 | ) |  | $ | (0.4 | ) |  | Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses) |  | (9.7 | ) |  | (12.7 | ) |  | Selling, general and administrative expenses
Recognized loss due to settlement and curtailment |  | — |  |  | (5.3 | ) |  | Selling, general and administrative expenses (3)
Total before tax |  | $ | (9.9 | ) |  | $ | (18.4 | ) |  |
|  | 3.6 |  |  | 6.7 |  |  | Provision for income taxes
Amount included in net income |  | (6.3 | ) |  | (11.7 | ) |  |
Total reclassifications for the period |  | $ | (8.7 | ) |  | $ | (9.9 | ) |  | Amount included in net income
____________________
(1) | Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss).
(2) | Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 14.
(3) | The loss due to curtailment for the three months ended March 31, 2015 related to the disposal of our FMC Alkali Chemicals division and was recorded to "Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss).
Dividends and Share Repurchases For the three months ended March 31, 2016 and 2015, we paid $22.1 million and $20.1 million, respectively. On April 21, 2016, we paid dividends totaling $22.2 million to our shareholders of record as of March 31, 2016. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheet as of March 31, 2016. During the three months ended March 31, 2016, no shares were repurchased under the publicly announced repurchase program. At March 31, 2016, $250.0 million remained unused under our Board-authorized repurchase program. 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. We also reacquire shares from time to time from employees in connection with the vesting, exercise and forfeiture of awards under our equity compensation plans.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration