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Equity (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Stock by Class The following is a summary of our capital stock activity over the past three years:
Common
Stock Shares
Treasury
Stock Shares
December 31, 2018185,983,792 53,702,178 
Stock options and awards— (1,563,307)
Repurchases of common stock, net— 4,720,627 
December 31, 2019185,983,792 56,859,498 
Stock options and awards— (677,827)
Repurchases of common stock, net— 448,538 
December 31, 2020185,983,792 56,630,209 
Stock options and awards— (300,594)
Repurchases of common stock, net— 3,954,698 
December 31, 2021185,983,792 60,284,313 
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, 2018$(101.5)$11.2 $(218.6)$(308.9)
2019 Activity
Other comprehensive income (loss) before reclassifications$(15.2)$(69.0)$(6.5)$(90.7)
Amounts reclassified from accumulated other comprehensive income (loss)— (8.2)9.9 1.7 
Net current period other comprehensive income (loss)$(15.2)$(77.2)$3.4 $(89.0)
Adoption of accounting standard (Note 2)— 1.0 (54.1)(53.1)
Distribution of FMC Lithium (3)
39.0 — — 39.0 
Accumulated other comprehensive income (loss), net of tax at December 31, 2019$(77.7)$(65.0)$(269.3)$(412.0)
2020 Activity
Other comprehensive income (loss) before reclassifications$101.7 $(2.5)$18.9 $118.1 
Amounts reclassified from accumulated other comprehensive income (loss)— (4.3)16.0 11.7 
Accumulated other comprehensive income (loss), net of tax at December 31, 2020$24.0 $(71.8)$(234.4)$(282.2)
2021 Activity
Other comprehensive income (loss) before reclassifications$(86.5)$44.1 $(14.5)$(56.9)
Amounts reclassified from accumulated other comprehensive income (loss)— 5.5 17.9 23.4 
Accumulated other comprehensive income (loss), net of tax at December 31, 2021$(62.5)$(22.2)$(231.0)$(315.7)
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(1)See Note 19 to the consolidated financial statements included within this Form 10-K for more information.
(2)See Note 15 to the consolidated financial statements included within this Form 10-K for more information.
(3)Represents the effects of the distribution of FMC Lithium.
Reclassifications 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 consolidated statements of income (loss) for each of the periods presented.
Details about Accumulated Other Comprehensive Income (Loss) Components
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1)
Affected Line Item in the Consolidated Statements of Income (Loss)
Year Ended December 31,
(in Millions)202120202019
Derivative instruments:
Foreign currency contracts$(4.7)$24.6 $10.0 Costs of sales and services
Foreign currency contracts1.7 (19.3)1.9 Selling, general and administrative expenses
Interest rate contracts(4.2)(2.7)(0.7)Interest expense
Total before tax$(7.2)$2.6 $11.2 
1.7 1.7 (3.0)Provision for income taxes
Amount included in net income$(5.5)$4.3 $8.2 
Pension and other postretirement benefits (2):
Amortization of prior service costs$(0.2)$(0.3)$(0.3)Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)(21.5)(19.2)(10.8)Non-operating pension and postretirement charges (income)
Recognized loss due to settlement/curtailment(1.0)(0.7)(1.4)Non-operating pension and postretirement charges (income); Discontinued operations, net of income taxes
Total before tax$(22.7)$(20.2)$(12.5)
4.8 4.2 2.6 Provision for income taxes; Discontinued operations, net of income taxes
Amount included in net income$(17.9)$(16.0)$(9.9)
Total reclassifications for the period$(23.4)$(11.7)$(1.7)Amount included in net income
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(1)Amounts in parentheses indicate charges to the 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 to the consolidated financial statements included within this Form 10-K.