XML 18 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 48.7 $ (45.5)
Foreign currency adjustments:    
Foreign currency translation gain (loss) arising during the period 52.3 (39.7)
Total foreign currency translation adjustments [1] 52.3 (39.7)
Derivative instruments:    
Unrealized hedging gains (losses) and other, net of tax of ($.8) and $0.4 for the three ended March 31, 2016 and 2015, respectively 2.3 2.3
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of $1.2 and ($1.2) for the three months ended March 31, 2016 and 2015, respectively [2] 2.4 (1.8)
Total derivative instruments, net of tax 4.7 [3] 0.5
Pension and other postretirement benefits:    
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax of zero and ($4.7) for the three months ended March 31, 2016 and 2015, respectively [4] 0.0 (5.9)
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income, net of tax of $3.6 and $6.7 for the three months ended March 31, 2016 and 2015, respectively [2] 6.3 11.7
Total pension and other postretirement benefits, net of tax of $3.6 and $2.0 for the three months ended March 31, 2016 and 2015, respectively 6.3 [3] 5.8
Other comprehensive income (loss), net of tax 63.3 (33.4)
Comprehensive income (loss) 112.0 (78.9)
Less: Comprehensive income attributable to the noncontrolling interest 0.5 1.3
Comprehensive income (loss) attributable to FMC stockholders $ 111.5 $ (80.2)
[1] Income taxes are not provided on the equity in undistributed earnings of our foreign subsidiaries or affiliates since it is our intention that such earnings will remain invested in those affiliates permanently.
[2] For more detail on the components of these reclassifications and the affected line item in the condensed consolidated statements of income (loss) see Note 13.
[3] See condensed consolidated statements of comprehensive income (loss).
[4] At December 31st of each year, we remeasure our pension and postretirement plan obligations at which time we record any actuarial gains (losses) and prior service (costs) credits to other comprehensive income. The interim adjustments noted above typically reflect the foreign currency translation impacts from the unrealized actuarial gains (losses) and prior service (costs) credits related to our foreign pension and postretirement plans. The amounts for the three months ended March 31, 2015 include adjustments to comprehensive income as the results of the disposal of our FMC Alkali Chemicals division. This disposal triggered a curtailment of our U.S. pension plans. See Note 14 for more information.