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Supplemental Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract] |
Supplemental Information | The following tables present details of prepaid and other current assets, other assets including long-term receivables, net, accrued and other liabilities and other long-term liabilities as presented on the consolidated balance sheets:
(in Millions) | December 31,
2020 |  | 2019
Prepaid and other current assets |  |  |
Prepaid insurance | $ | 11.1 |  |  | $ | 8.2 |
Tax related items including value added tax receivables | 197.7 |  |  | 229.2 |
Refund asset (1) | 28.4 |  |  | 37.7 |
Environmental obligation recoveries (Note 12) | 0.8 |  |  | 12.3 |
Derivative assets (Note 19) | 0.3 |  |  | 0.2 |
Acquisition related items | 3.0 |  |  | 3.0 |
Other prepaid and current assets | 139.5 |  |  | 196.9 |
Total | $ | 380.8 |  |  | $ | 487.5 |
(in Millions) | December 31,
2020 |  | 2019
Other assets including long-term receivables, net |  |  |
Non-current receivables (Note 10) | $ | 103.5 |  |  | $ | 123.1 |
Advance to contract manufacturers | 122.2 |  |  | 116.3 |
Capitalized software, net | 158.0 |  |  | 117.0 |
Environmental obligation recoveries (Note 12) | 3.6 |  |  | 15.0 |
Income taxes indirect benefits | 37.9 |  |  | 32.7 |
Operating lease ROU asset (Note 4) | 147.3 |  |  | 164.7 |
Deferred compensation arrangements (Note 19) | 24.1 |  |  | 20.2 |
Pension and other postretirement benefits (Note 15) | 69.5 |  |  | 44.2 |
Other long-term assets | 46.2 |  |  | 52.1 |
Total | $ | 712.3 |  |  | $ | 685.3 |
____________________ (1) In accordance with revenue standard requirements, a sales return liability is recognized for the consideration paid by a customer to which FMC does not expect to be entitled, together with a corresponding refund asset to recover the product from the customer.
(in Millions) | December 31,
2020 |  | 2019
Accrued and other liabilities |  |  |
Restructuring reserves (Note 9) | $ | 11.9 |  |  | $ | 8.1 |
Dividend payable (Note 17) | 62.3 |  |  | 57.0 |
Accrued payroll | 87.0 |  |  | 101.2 |
Environmental reserves, current, net of recoveries (Note 12) | 120.9 |  |  | 115.3 |
Derivative liabilities (Note 19) | 24.8 |  |  | 8.9 |
Furadan® product exit asset retirement obligations | 10.0 |  |  | 33.0 |
Unfavorable contracts (1) | 105.8 |  |  | 109.2 |
Operating lease current liabilities (Note 4) | 25.6 |  |  | 31.5 |
Other accrued and other liabilities (2) | 226.4 |  |  | 216.4 |
Total | $ | 674.7 |  |  | $ | 680.6 |
(in Millions) | December 31,
2020 |  | 2019
Other long-term liabilities |  |  |
Restructuring reserves (Note 9) | $ | 4.5 |  |  | $ | 6.5 |
Asset retirement obligations, long-term (Note 1) | 20.7 |  |  | 2.7 |
Transition tax related to Tax Cuts and Jobs Act (3) | 107.8 |  |  | 123.6 |
Contingencies related to uncertain tax positions (Note 13) | 83.1 |  |  | 71.4 |
Deferred compensation arrangements (Note 19) | 35.2 |  |  | 29.7 |
Derivative liabilities (Note 19) | 0.8 |  |  | 0.2 |
Self-insurance reserves (primarily workers' compensation) | 1.9 |  |  | 1.8 |
Lease obligations (Note 4) | 151.1 |  |  | 163.2 |
Reserve for discontinued operations (Note 11) | 76.6 |  |  | 71.9 |
Unfavorable contracts (1) | 89.4 |  |  | 206.0 |
Other long-term liabilities | 32.7 |  |  | 31.4 |
Total | $ | 603.8 |  |  | $ | 708.4 |
____________________ (1) Primarily represents the technical insecticide product supply agreements with DuPont for use in their retained seed treatment business. Refer to Note 5 for more details. (2) Other accrued and other liabilities includes the gross up of the estimated sales returns as part of our adoption of ASC 606. The impact of the adoption impacted accrued and other liabilities by $28.4 million and $37.7 million, respectively. (3) Represents noncurrent portion of overall transition tax to be paid over the next five years.

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