XML 59 R46.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Segment Reporting [Abstract] |
Segment reporting information by segment |
(in Millions) | Three Months Ended March 31,
2018 |  | 2017
Revenue |  |  |
FMC Agricultural Solutions | $ | 1,107.9 |  |  | $ | 530.4 |
FMC Lithium | 102.8 |  |  | 65.6 |
Total | $ | 1,210.7 |  |  | $ | 596.0 |
Earnings before interest, taxes and depreciation and amortization (EBITDA) |  |  |
FMC Agricultural Solutions | $ | 356.4 |  |  | $ | 101.8 |
FMC Lithium | 50.3 |  |  | 25.8 |
Corporate and other | (26.9 | ) |  | (21.0 | )
Operating profit before the items listed below | $ | 379.8 |  |  | $ | 106.6 |
Depreciation and amortization | (39.1 | ) |  | (23.6 | )
Interest expense, net | (33.9 | ) |  | (15.7 | )
Restructuring and other (charges) income (1) | 77.7 |  |  | (8.3 | )
Non-operating pension and postretirement (charges) income (2) | (0.5 | ) |  | 4.6 |
Transaction-related charges (3) | (52.2 | ) |  | (9.2 | )
(Provision) benefit for income taxes | (68.7 | ) |  | (9.4 | )
Discontinued operations, net of income taxes | 6.5 |  |  | (168.8 | )
Net income attributable to noncontrolling interests | (2.4 | ) |  | (0.4 | )
Net income (loss) attributable to FMC stockholders | $ | 267.2 |  |  | $ | (124.2 | )
____________________
(1) | See Note 9 of the condensed consolidated financial statements included within this Form 10-Q for details of restructuring and other (charges) income. The following provides the detail of the (charges) income by segment:
| Three Months Ended March 31,
(in Millions) | 2018 |  | 2017
FMC Agricultural Solutions | $ | 82.4 |  |  | $ | (4.5 | )
FMC Lithium | (2.1 | ) |  | — |
Corporate | (2.6 | ) |  | (3.8 | )
Restructuring and other (charges) income | $ | 77.7 |  |  | $ | (8.3 | )
(2) | 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.
(3) | Charges relate to the expensing of the integration related legal and professional third-party fees associated with acquisitions and separation activities. Amounts represent the following:
| Three Months Ended March 31,
(in Millions) | 2018 |  | 2017
Transaction-related charges |  |  |
Legal and professional fees (1) | $ | 22.3 |  |  | $ | 9.2 |
Inventory fair value amortization (2) | 29.9 |  |  | — |
Total Transaction-related charges | $ | 52.2 |  |  | $ | 9.2 |
____________________
(1) | Represents transaction costs, costs for transitional employees, other acquired employees related costs, and integration-related and transactional-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) These charges are included in “Costs of sales and services” on the condensed consolidated statements of income (loss).

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration