Equity (Tables)

3 Months Ended

Mar. 31, 2018

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, 2017	$	2,681.8		$	25.3	$	2,707.1
Net income (loss)	267.2			2.4		269.6
Stock compensation plans	10.2			—		10.2
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax ⁽¹⁾	3.6			—		3.6
Net hedging gains (losses) and other, net of income tax ⁽¹⁾	1.9			—		1.9
Foreign currency translation adjustments ⁽¹⁾	49.3			0.4		49.7
Dividends ($0.165 per share)	(22.3		)	—		(22.3		)
Repurchases of common stock	(5.1		)	—		(5.1		)
Balance at March 31, 2018	$	2,986.6		$	28.1	$	3,014.7

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(1)	See condensed consolidated statements of comprehensive income (loss).

Schedule of 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, 2017	$	(6.2	)	$	5.2	$	(239.3	)	$	(240.3	)
2018 Activity
Other comprehensive income (loss) before reclassifications ⁽³⁾	49.3			1.5		0.6			51.4
Amounts reclassified from accumulated other comprehensive income (loss)	—			0.4		3.0			3.4
Accumulated other comprehensive income (loss), net of tax at March 31, 2018	$	43.1		$	7.1	$	(235.7	)	$	(185.5	)



(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, 2016	$	(194.0	)	$	7.1		$	(291.5	)	$	(478.4	)
2017 Activity
Other comprehensive income (loss) before reclassifications ⁽³⁾	43.0			1.1			4.4			48.5
Amounts reclassified from accumulated other comprehensive income (loss)	—			(0.5		)	4.9			4.4
Accumulated other comprehensive income (loss), net of tax at March 31, 2017	$	(151.0	)	$	7.7		$	(282.2	)	$	(425.5	)

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(1) See Note 17 for more information.

(2) See Note 15 for more information.

(3) Excludes foreign currency translation adjustments attributable to noncontrolling interests.

Reclassification out of accumulated other comprehensive income

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 March 31,
(in Millions)	2018			2017
Derivative instruments
Foreign currency contracts	$	(1.9	)	$	(2.5	)	Costs of sales and services
Energy contracts	—			0.9			Costs of sales and services
Foreign currency contracts	1.4			2.3			Selling, general and administrative expenses
Total before tax	$	(0.5	)	$	0.7
	0.1			(0.2		)	Provision for income taxes
Amount included in net income (loss)	$	(0.4	)	$	0.5

Pension and other postretirement benefits ⁽²⁾
Amortization of prior service costs	$	(0.1	)	$	(0.2	)	Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)	(3.6		)	(3.4		)	Selling, general and administrative expenses
Recognized loss due to curtailment and settlement	(0.9		)	(3.9		)	Selling, general and administrative expenses⁽³⁾
Total before tax	$	(4.6	)	$	(7.5	)
	1.6			2.6			Provision for income taxes
Amount included in net income (loss)	$	(3.0	)	$	(4.9	)
Total reclassifications for the period	$	(3.4	)	$	(4.4	)	Amount included in net income

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(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 15.


(3)	The loss due to curtailment for the three months ended March 31, 2017 related to the disposal of FMC Health and Nutrition was recorded to "Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss).