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Equity
 9 Months Ended
Sep. 30, 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)
193.2

 
2.1

 
195.3

Stock compensation plans
17.9

 
—

 
17.9

Excess tax benefits from share-based compensation
(0.5
)
 
—

 
(0.5
)
Shares for benefit plan trust
0.2

 
—

 
0.2

Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax (1)
18.1

 
—

 
18.1

Net hedging gains/(losses) and other, net of income tax (1)
7.0

 
—

 
7.0

Foreign currency translation adjustments (1)
50.7

 
(0.4
)
 
50.3

Dividends ($0.165 per share)
(66.4
)
 
—

 
(66.4
)
Repurchases of common stock
(1.6
)
 
—

 
(1.6
)
Divestiture of noncontrolling interests (2)
—

 
(7.9
)
 
(7.9
)
Balance at September 30, 2016
$
2,084.3

 
$
36.4

 
$
2,120.7


____________________
(1)
See condensed consolidated statements of comprehensive income (loss).
(2)
During the third quarter 2016, we terminated a joint venture in Argentina for which we had a controlling interest. See Note 8 for more information.

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)
50.7

 
0.9

 
—

 
$
51.6

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
6.1

 
18.1

 
$
24.2

 
 
 
 
 
 
 
 
Accumulated other comprehensive income (loss), net of tax at September 30, 2016
$
(96.6
)
 
$
0.8

 
$
(285.7
)
 
$
(381.5
)
(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)
(80.3
)
 
3.7

 
(7.4
)
 
$
(84.0
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(2.3
)
 
29.4

 
$
27.1

 
 
 
 
 
 
 
 
Accumulated other comprehensive income (loss), net of tax at September 30, 2015
$
(130.7
)
 
$
(2.5
)
 
$
(299.5
)
 
$
(432.7
)
____________________
(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 September 30
 
Nine Months Ended September 30
 
 
(in Millions)
 
2016
 
2015
 
2016
 
2015
 
 
Derivative instruments:
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
 
$
(5.4
)
 
$
11.1

 
(8.5
)
 
29.0

 
Costs of sales and services
Energy contracts
 
(0.5
)
 
(1.3
)
 
(2.1
)
 
(3.8
)
 
Costs of sales and services
Foreign currency contracts
 
2.5

 
(9.0
)
 
1.0

 
(20.9
)
 
Selling, general and administrative expenses
Total before tax
 
(3.4
)
 
0.8

 
(9.5
)
 
4.3

 
 
 
 
1.2

 
(0.4
)
 
3.3

 
(2.0
)
 
Provision for income taxes
Amount included in net income
 
$
(2.2
)
 
$
0.4

 
$
(6.2
)
 
$
2.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and other postretirement benefits (2):
 
 
 
 
 
 
 
 
 
 
Amortization of prior service costs
 
$
(0.1
)
 
$
(0.1
)
 
(0.5
)
 
(0.7
)
 
Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)
 
(9.3
)
 
(12.3
)
 
(29.6
)
 
(40.0
)
 
Selling, general and administrative expenses
Recognized loss due to settlement and curtailment
 
—

 
—

 
—

 
(5.3
)
 
Selling, general and administrative expenses (3)
Total before tax
 
$
(9.4
)
 
$
(12.4
)
 
(30.1
)
 
(46.0
)
 
 
 
 
4.7

 
4.4

 
12.0

 
16.6

 
Provision for income taxes
Amount included in net income
 
(4.7
)
 
(8.0
)
 
(18.1
)
 
(29.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(6.9
)
 
$
(7.6
)
 
$
(24.3
)
 
$
(27.1
)
 
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 nine months ended September 30, 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 nine months ended September 30, 2016 and 2015, we paid dividends $66.4 million and $64.3 million, respectively. On October 20, 2016, we paid dividends totaling $22.2 million to our shareholders of record as of September 30, 2016. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheet as of September 30, 2016.
 
During the nine months ended September 30, 2016, no shares were repurchased under the publicly announced repurchase program. At September 30, 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.