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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 67.0 $ 746.3 $ 115.7 $ 700.8
Foreign currency adjustments:        
Foreign currency translation gain (loss) arising during the period (20.1) (2.3) 32.2 [1] (42.0)
Total foreign currency translation adjustments [1] (20.1) (2.3) 32.2 (42.0)
Derivative instruments:        
Unrealized hedging gains (losses) and other, net of tax of zero and ($1.7) for the three and six months ended June 30, 2016 and $1.5 and $3.5 for the three and six months ended June 30, 2015, respectively (1.6) 2.9 0.7 5.2
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of $0.9 and $2.1 for the three and six months ended June 30, 2016 and $(0.4) and ($1.6) for the three and six months ended June 30, 2015, respectively [2] 1.7 (0.1) 4.1 (1.9)
Total derivative instruments, net of tax 0.1 2.8 4.8 [3] 3.3
Pension and other postretirement benefits:        
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax of zero for the three and six months ended June 30, 2016 and zero and ($4.7) for the three and six months ended June 30, 2015, respectively [4] 0.0 (1.2) 0.0 (7.1)
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 $7.3 for the three and six months ended June 30, 2016 and $5.5 and $12.2 the three and six months ended June 30, 2015, respectively [2] 7.1 9.7 13.4 21.4
Total pension and other postretirement benefits, net of tax of $3.7 and $7.3 for the three and six months ended June 30, 2016 and $5.5 and $7.5 for the three and six months ended June 30, 2015, respectively 7.1 8.5 13.4 [3] 14.3
Other comprehensive income (loss), net of tax (12.9) 9.0 50.4 (24.4)
Comprehensive income (loss) 54.1 755.3 166.1 676.4
Less: Comprehensive income attributable to the noncontrolling interest 1.7 3.7 2.2 5.0
Comprehensive income (loss) attributable to FMC stockholders $ 52.4 $ 751.6 $ 163.9 $ 671.4
[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 indefinitely.
[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 six months ended June 30, 2015 include adjustments, recorded during the three months ended March 31, 2015, 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.