XML 94 R22.htm IDEA: XBRL DOCUMENT
v3.20.1

Discontinued Operations | 3 Months Ended
--- | ---
Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations FMC Lithium (Livent Corporation): On March 1, 2019, we completed the previously announced distribution of 123 million shares of common stock of Livent as a pro rata dividend on shares of FMC common stock outstanding at the close of business on the record date of February 25, 2019. The results of our discontinued FMC Lithium operations are summarized below:
(in Millions) |  |  |  |  | Three Months Ended March 31, |  |
|  |  |  |  | 2020 |  | 2019
Revenue |  |  |  |  | $ | — |  |  | $ | 52.1 |
Costs of sales and services |  |  |  |  | — |  |  | 41.3 |
Income (loss) from discontinued operations before income taxes |  |  |  |  | $ | — |  |  | $ | 1.1 |
Provision (benefit) for income taxes |  |  |  |  | — |  |  | 6.0 |
Total discontinued operations of FMC Lithium, net of income taxes, before separation-related costs and other adjustments |  |  |  |  | $ | — |  |  | $ | (4.9) |
Separation-related costs and other adjustments of discontinued operations of FMC Lithium, net of income taxes |  |  |  |  | 1.0 |  |  | (5.1) |
Discontinued operations of FMC Lithium, net of income taxes |  |  |  |  | $ | 1.0 |  |  | $ | (10.0) |
Discontinued operations include the results of FMC Lithium and adjustments to retained assets and liabilities as well as provisions, net of recoveries, for environmental liabilities and legal reserves and expenses related to previously discontinued operations and retained liabilities. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities. Our discontinued operations comprised the following:
(in Millions) |  |  |  |  | Three Months Ended March 31, |  |
|  |  |  |  | 2020 |  | 2019
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $0.1 and $(4.6) for the three months ended March 31, 2020 and 2019, respectively (1) |  |  |  |  | $ | 0.9 |  |  | $ | 23.0 |
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $0.5 and zero for the three months ended March 31, 2020 and 2019, respectively |  |  |  |  | (1.9) |  |  | 0.2 |
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit $2.0 and $1.0 for the three months ended March 31, 2020 and 2019, respectively |  |  |  |  | (7.5) |  |  | (3.6) |
Discontinued operations of FMC Lithium, net of income tax benefit (expense) of $(0.2) and $(4.7) for the three months ended March 31, 2020 and 2019, respectively |  |  |  |  | 1.0 |  |  | (10.0) |
Discontinued operations, net of income taxes |  |  |  |  | $ | (7.5) |  |  | $ | 9.6 |
____________________ (1)During the three months ended March 31, 2019, we finalized the sale of the first of two parcels of land of our discontinued site in Newark, California and recorded a gain of approximately $21 million, net of tax.

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

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration