Supplemental Information (Tables)

12 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

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,
	2021		2020
Prepaid and other current assets
Prepaid insurance	$	12.0	$	11.1


Tax related items including value added tax receivables	226.2		197.7
Refund asset (1)	36.4		28.4
Environmental obligation recoveries (Note 12)	2.2		0.8
Derivative assets (Note 19)	23.4		0.3

Acquisition related items	3.0		3.0

Other prepaid and current assets	128.2		139.5
Total	$	431.4	$	380.8


(in Millions)	December 31,
	2021		2020
Other assets including long-term receivables, net
Non-current receivables (Note 10)	$	57.4	$	103.5
Advance to contract manufacturers	129.0		122.2
Capitalized software, net	143.8		158.0
Environmental obligation recoveries (Note 12)	2.3		3.6

Income taxes indirect benefits	33.4		37.9
Operating lease ROU asset (Note 4)	135.2		147.3
Deferred compensation arrangements (Note 19)	21.1		24.1
Pension and other postretirement benefits (Note 15)	50.4		69.5
Other long-term assets	41.2		46.2
Total	$	613.8	$	712.3

(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. See (2) below.


(in Millions)	December 31,
	2021		2020
Accrued and other liabilities
Restructuring reserves (Note 9)	$	10.4	$	11.9
Dividend payable (Note 17)	66.8		62.3
Accrued payroll	89.8		87.0

Environmental reserves, current, net of recoveries (Note 12)	87.3		120.9
Derivative liabilities (Note 19)	4.0		24.8
Furadan® product exit asset retirement obligations	10.0		10.0
Unfavorable contracts (1)	82.0		105.8
Operating lease current liabilities (Note 4)	23.5		25.6
Other accrued and other liabilities (2)	257.4		226.4
Total	$	631.2	$	674.7


(in Millions)	December 31,
	2021		2020
Other long-term liabilities
Restructuring reserves (Note 9)	$	4.5	$	4.5
Asset retirement obligations, long-term (Note 1)	14.2		20.7
Transition tax related to Tax Cuts and Jobs Act (3)	92.1		107.8
Contingencies related to uncertain tax positions (Note 13)	45.5		83.1
Deferred compensation arrangements (Note 19)	26.2		35.2
Derivative liabilities (Note 19)	—		0.8
Self-insurance reserves (primarily workers' compensation)	6.1		1.9
Lease obligations (Note 4)	140.0		151.1
Reserve for discontinued operations (Note 11)	108.3		76.6

Unfavorable contracts (1)	10.3		89.4
Other long-term liabilities	30.1		32.7
Total	$	477.3	$	603.8

____________________

(1) The amount presented within accrued and other liabilities primarily represents the technical insecticide product supply agreements with DuPont for use in their retained seed treatment business for 2021 and 2020. The 2020 amount presented within other long-term liabilities primarily represents the technical insecticide product supply agreements with DuPont for use in their retained seed treatment business. Refer to Note 5 to the consolidated financial statements included within this Form 10-K for more details.

(2) Other accrued and other liabilities includes our estimated liability for sales returns.

(3) Represents noncurrent portion of overall transition tax to be paid over the next four years.