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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ (123.8) $ 48.7
Foreign currency adjustments:    
Foreign currency translation gain (loss) arising during the period 43.2 52.3
Total foreign currency translation adjustments [1] 43.2 52.3
Derivative instruments:    
Unrealized hedging gains (losses) and other, net of tax of ($2.1) and ($0.8) for the three months ended March 31, 2017 and 2016, respectively 1.1 2.3
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of zero and $1.2 for the three months ended March 31, 2017 and 2016, respectively [2] (0.5) 2.4
Total derivative instruments, net of tax of ($2.3) and $0.4 for the three months ended March 31, 2017 and 2016, respectively 0.6 4.7
Pension and other postretirement benefits:    
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax of zero and zero for the three months ended March 31, 2017 and 2016, respectively [3] 4.4 0.0
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income, net of tax of zero and $3.6 for the three months ended March 31, 2017 and 2016, respectively [2] 4.9 6.3
Total pension and other postretirement benefits, net of tax of $5.3 and $3.6 for the three months ended March 31, 2017 and 2016, respectively 9.3 [4] 6.3
Other comprehensive income (loss), net of tax 53.1 63.3
Comprehensive income (loss) (70.7) 112.0
Less: Comprehensive income (loss) attributable to the noncontrolling interest 0.6 0.5
Comprehensive income (loss) attributable to FMC stockholders $ (71.3) $ 111.5
[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, however, see Note 15 regarding the impact from the expected sale of our discontinued FMC Health and Nutrition segment on certain of these foreign subsidiaries.
[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] At December 31 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. During the three months ended March 31, 2017 due to the announced plans to divest of FMC Health and Nutrition business, we triggered a curtailment of our U.S. pension plans. As a result, we revalued our pension plans which resulted in adjustments to comprehensive income. See Note 14 for more information.
[4] See condensed consolidated statements of comprehensive income (loss).