XML 15 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 176.3 $ 132.5 $ 393.5 $ 402.1
Foreign currency adjustments:        
Foreign currency translation gain (loss) arising during the period 6.9 (118.1) 4.5 (68.4)
Total foreign currency translation adjustments [1] 6.9 (118.1) 4.5 (68.4)
Derivative instruments:        
Unrealized hedging gains (losses) and other, net of tax of ($8.9) and ($8.9) for the three and six months ended June 30, 2019 and $1.2 and $0.2 for the three and six months ended June 30, 2018, respectively (37.4)   (36.5)  
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of ($0.7) and ($1.7) for the three and six months ended June 30, 2019 and ($0.5) and ($0.4) for the three and six months ended June 30, 2018, respectively (2) [2] (3.2)   (6.8)  
Total derivative instruments, net of tax of ($9.6) and ($10.6) for the three and six months ended June 30, 2019 and $0.7 and ($0.2) for the three and six months ended June 30, 2018, respectively (40.6)   (43.3)  
Unrealized hedging gains (losses) and other, net of tax of ($8.9) and ($8.9) for the three and six months ended June 30, 2019 and $1.2 and $0.2 for the three and six months ended June 30, 2018, respectively   7.9   9.4
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of ($0.7) and ($1.7) for the three and six months ended June 30, 2019 and ($0.5) and ($0.4) for the three and six months ended June 30, 2018, respectively (2) [2]   (2.1)   (1.7)
Total derivative instruments, net of tax of ($9.6) and ($10.6) for the three and six months ended June 30, 2019 and $0.7 and ($0.2) for the three and six months ended June 30, 2018, respectively   5.8   7.7
Pension and other postretirement benefits:        
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax of zero and ($0.7) for the three months ended March 31, 2019 and 2018, respectively [3] 0.0 (0.6) 0.0 0.0
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income, net of tax of $0.9 and $1.6 for the three months ended March 31, 2019 and 2018, respectively [2] 3.3 3.8 6.7 6.8
Total pension and other postretirement benefits, net of tax of $0.9 and $1.8 for the three and six months ended June 30, 2019 and $0.9 and $1.8 for the three and six months ended June 30, 2018, respectively 3.3 [4] 3.2 [4] 6.7 6.8
Net current period other comprehensive income (loss) (30.4) (109.1) (32.1) (53.9)
Comprehensive income (loss) 145.9 23.4 361.4 348.2
Less: Comprehensive income (loss) attributable to the noncontrolling interest 0.5 1.4 1.7 4.2
Comprehensive income (loss) attributable to FMC stockholders $ 145.4 $ 22.0 $ 359.7 $ 344.0
[1]
Income taxes are not provided for outside basis differences inherent in our investments in subsidiaries because the investments and related unremitted earnings are essentially permanent in duration or we have concluded that no additional tax liability will arise upon disposal or remittance.
[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 15.
[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. See Note 16 for more information.

[4]
See condensed consolidated statements of comprehensive income (loss).