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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment reporting information by segment
(in Millions)
Three Months Ended March 31
2017
 
2016
Revenue
 
 
 
FMC Agricultural Solutions
$
530.4

 
$
546.1

FMC Lithium
65.6

 
60.3

Total
$
596.0

 
$
606.4

Income from continuing operations before income taxes
 
 
 
FMC Agricultural Solutions
$
83.0

 
$
82.0

FMC Lithium
21.6

 
14.9

Segment operating profit (1)
$
104.6

 
$
96.9

Corporate and other
(21.6
)
 
(16.7
)
Operating profit before the items listed below
$
83.0

 
$
80.2

Interest expense, net
(15.7
)
 
(15.8
)
Restructuring and other (charges) income (2)
(8.3
)
 
(9.5
)
Non-operating pension and postretirement (charges) income (3)
4.6

 
(1.1
)
Acquisition-related charges (4)
(9.2
)
 
(7.4
)
(Provision) benefit for income taxes
(9.4
)
 
(20.4
)
Discontinued operations, net of income taxes
(168.8
)
 
22.7

Net income (loss) attributable to noncontrolling interests
(0.4
)
 
(0.4
)
Net income (loss) attributable to FMC stockholders
$
(124.2
)
 
$
48.3


____________________
(1)    Referred to as Segment Earnings.
(2)
See Note 8 of the condensed consolidated financial statements included within this Form 10-Q for details of restructuring and other (charges) income. Below provides the detail the (charges) income by segment:

 
Three Months Ended March 31
(in Millions)
2017
 
2016
FMC Agricultural Solutions
$
(4.5
)
 
$
(6.7
)
FMC Lithium
—

 
(0.6
)
Corporate
(3.8
)
 
(2.2
)
Restructuring and other (charges) income
$
(8.3
)
 
$
(9.5
)


(3)
Our non-operating pension and postretirement costs are defined as those costs related to interest, expected return on plan assets, amortized actuarial gains and losses and the impacts of any plan curtailments or settlements. These costs are primarily related to changes in pension plan assets and liabilities which are tied to financial market performance and we consider these costs to be outside our operational performance. We exclude these non-operating pension and postretirement costs from our segments as we believe that removing them provides a better understanding of the underlying profitability of our businesses, increased transparency and clarity in the performance of our retirement plans and enhances period-over-period comparability. We continue to include the service cost and amortization of prior service cost in the operating segments noted above. We believe these elements reflect the current year operating costs to our businesses for the employment benefits provided to active employees. These expenses are included as a component of the line item “Selling, general and administrative expenses” on the condensed consolidated statements of income (loss). 
(4)
Charges relate to the expensing of the integration related legal and professional third-party fees associated with the planned or completed acquisitions. Amounts represent the following:


Three Months Ended March 31
(in Millions)
2017

2016
Acquisition-related charges - DuPont



Legal and professional fees (1)
$
9.2


$
—

Acquisition-related charges - Cheminova





Legal and professional fees (1)
—


7.4

Total acquisition-related charges
$
9.2


$
7.4

____________________
(1)
On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expenses.” For more information see Note 3.
Acquisition-related charges
The following table summarizes the costs incurred associated with these combined activities.

Three Months Ended March 31
(in Millions)
2017

2016
Acquisition-related charges - DuPont
 
 
 
Legal and professional fees (1)
$
9.2

 
$
—

Acquisition-related charges - Cheminova (2)





Legal and professional fees (1)
—


7.4

Total acquisition-related charges (3)
$
9.2


$
7.4

 
 
 
 
Restructuring charges and asset disposals



Cheminova restructuring
—


3.0

Total Cheminova restructuring charges (3) (4)
$
—


$
3.0

____________________ 
(1)
Represents transaction costs, costs for transitional employees, other acquired employees related costs and integration-related legal and professional third-party fees. These charges are recorded as a component of “Selling, general and administrative expense" on the condensed consolidated statements of income (loss).
(2)
For more information on the acquisition-related charges for Cheminova, refer to Note 3 to the consolidated financial statements included with our 2016 Form 10-K.
(3)
Acquisition-related charges and restructuring charges to integrate Cheminova with Agricultural Solutions were completed at the end of 2016.
(4)
See Note 8 for more information. These charges are recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss).

Charges relate to the expensing of the integration related legal and professional third-party fees associated with the planned or completed acquisitions. Amounts represent the following:


Three Months Ended March 31
(in Millions)
2017

2016
Acquisition-related charges - DuPont



Legal and professional fees (1)
$
9.2


$
—

Acquisition-related charges - Cheminova





Legal and professional fees (1)
—


7.4

Total acquisition-related charges
$
9.2


$
7.4

____________________
(1)
On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expenses.” For more information see Note 3.