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Acquisitions | 6 Months Ended
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Jun. 30, 2017
Business Combinations [Abstract] |
Acquisitions | Acquisitions DuPont Crop Protection On March 31, 2017, we entered into a definitive Transaction Agreement (the “Transaction Agreement”) with DuPont. Pursuant to the terms and conditions set forth in the Transaction Agreement, (1) we have agreed to purchase certain assets relating to DuPont’s Crop Protection business and research and development organization (the"Acquisition") and (2) DuPont has agreed to purchase FMC Health and Nutrition, excluding our Omega-3 business. Additionally, we will pay DuPont $1.2 billion in cash (subject to certain adjustments set forth in the Transaction Agreement), which reflects the difference in negotiated value between the divested businesses. We expect to complete the transactions in the fourth quarter of 2017. Refer to Note 10. Also, on March 27, 2017, in connection with the Transaction Agreement, we entered into a commitment letter (the “Commitment Letter”) with Citigroup Global Markets Inc. (collectively with certain of its affiliates, the “Commitment Party”). The Commitment Letter provided that, in connection with the Transactions and subject to the conditions set forth in the Commitment Letter, the Commitment Party would commit to provide to the Company, among other things, a $1.5 billion 364-day bridge term loan and, in certain circumstances, a $1.5 billion revolving credit facility and a $750 million term loan facility. Fees incurred to secure these commitments of approximately $8.5 million were to be deferred and are being amortized over the term of the applicable arrangements. On May 2, 2017, the financing available under the Commitment Letter was terminated and replaced by a $1.5 billion term loan facility and an amended and restated $1.5 billion revolving credit facility. Approximately $3.8 million of the deferred fees associated with the Commitment Letter were expensed in the second quarter of 2017 and presented within "Selling, general and administrative expenses" within our condensed consolidated statements of income (loss) consistent with other acquisition-related costs. The remaining fees have been capitalized in combination with the term loan facility. The details of the term loan facility and the revolving credit facility are provided in Note 9 within these condensed consolidated financial statements. On July 27, 2017, the European Commission (“EC”) conditionally approved our pending acquisition of certain assets of DuPont’s Crop Protection business. The Acquisition is conditioned upon us divesting the portfolio of products required by the EC remedy. This remedy is expected to impact FMC Agricultural Solutions’ annual operating profit by $10 million to $15 million. Upon being notified of the EC’s ruling, we have commenced steps necessary to complete the divestiture within the required timeframe. Acquisition-related charges Pursuant to US GAAP, costs incurred associated with the planned or completed acquisitions are expensed as incurred. The following table summarizes the costs incurred associated with these combined activities.
| Three Months Ended June 30 |  | Six Months Ended June 30
(in Millions) | 2017 |  | 2016 |  | 2017 |  | 2016
Acquisition-related charges - DuPont |  |  |  |  |  |  |
Legal and professional fees (1) | $ | 20.7 |  |  | $ | — |  |  | $ | 29.9 |  |  | $ | — |
Acquisition-related charges - Cheminova (2) |  |  |  |  |  |  |  |  |  |  |
Legal and professional fees (1) | — |  |  | 5.0 |  |  | — |  |  | 12.4 |
Total acquisition-related charges (3) | $ | 20.7 |  |  | $ | 5.0 |  |  | $ | 29.9 |  |  | $ | 12.4 |
Restructuring charges and asset disposals |  |  |  |  |  |  |  |  |
Cheminova restructuring | $ | — |  |  | $ | 5.9 |  |  | $ | — |  |  | $ | 8.9 |
Total Cheminova restructuring charges (3) (4) | $ | — |  |  | $ | 5.9 |  |  | $ | — |  |  | $ | 8.9 |
____________________
(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 FMC 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).

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