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Supplemental Information | 12 Months Ended
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Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract] |
Supplemental Information | 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,
2022 |  | 2021
Prepaid and other current assets |  |  |
Prepaid insurance | $ | 12.6 |  |  | $ | 12.0 |
Tax related items including value added tax receivables | 172.4 |  |  | 226.2 |
Refund asset (1) | 36.8 |  |  | 36.4 |
Environmental obligation recoveries (Note 12) | 3.2 |  |  | 2.2 |
Derivative assets (Note 19) | 13.2 |  |  | 23.4 |
Acquisition related items | — |  |  | 3.0 |
Other prepaid and current assets | 105.4 |  |  | 128.2 |
Total | $ | 343.6 |  |  | $ | 431.4 |
(in Millions) | December 31,
2022 |  | 2021
Other assets including long-term receivables, net |  |  |
Non-current receivables (Note 10) | $ | 60.8 |  |  | $ | 57.4 |
Advance to contract manufacturers | 119.4 |  |  | 129.0 |
Capitalized software, net | 133.0 |  |  | 143.8 |
Environmental obligation recoveries (Note 12) | 3.2 |  |  | 2.3 |
Beneficial interest in trade receivables securitization (Note 19) | 19.3 |  |  | — |
Income taxes indirect benefits | 21.2 |  |  | 33.4 |
Operating lease ROU asset (Note 4) | 123.8 |  |  | 135.2 |
Deferred compensation arrangements (Note 19) | 22.5 |  |  | 21.1 |
Pension and other postretirement benefits (Note 15) | 22.4 |  |  | 50.4 |
Other long-term assets | 34.9 |  |  | 41.2 |
Total | $ | 560.5 |  |  | $ | 613.8 |
(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,
2022 |  | 2021
Accrued and other liabilities |  |  |
Restructuring reserves (Note 9) | $ | 7.6 |  |  | $ | 10.4 |
Dividend payable (Note 17) | 72.7 |  |  | 66.8 |
Accrued payroll | 99.8 |  |  | 89.8 |
Environmental reserves, current, net of recoveries (Note 12) | 90.1 |  |  | 87.3 |
Derivative liabilities (Note 19) | 17.8 |  |  | 4.0 |
Furadan® product exit asset retirement obligations | 10.0 |  |  | 10.0 |
Unfavorable contracts (1) | — |  |  | 82.0 |
Operating lease current liabilities (Note 4) | 22.0 |  |  | 23.5 |
Other accrued and other liabilities (2) | 281.8 |  |  | 257.4 |
Total | $ | 601.8 |  |  | $ | 631.2 |
(in Millions) | December 31,
2022 |  | 2021
Other long-term liabilities |  |  |
Restructuring reserves (Note 9) | $ | 3.0 |  |  | $ | 4.5 |
Asset retirement obligations, long-term (Note 1) | 6.0 |  |  | 14.2 |
Transition tax related to Tax Cuts and Jobs Act (3) | 62.6 |  |  | 92.1 |
Contingencies related to uncertain tax positions (Note 13) | 52.4 |  |  | 45.5 |
Deferred compensation arrangements (Note 19) | 23.5 |  |  | 26.2 |
Self-insurance reserves (primarily workers' compensation) | 3.4 |  |  | 6.1 |
Lease obligations (Note 4) | 128.6 |  |  | 140.0 |
Reserve for discontinued operations (Note 11) | 127.2 |  |  | 108.3 |
Unfavorable contracts | 10.1 |  |  | 10.3 |
Other long-term liabilities | 28.6 |  |  | 30.1 |
Total | $ | 445.4 |  |  | $ | 477.3 |
____________________ (1)The amount presented within accrued and other liabilities represents the technical insecticide product supply agreements with DuPont for use in their retained seed treatment business. The original five-year contract expired during 2022 and has been replaced by a new commercial agreement as such, the unfavorable liability has been fully recognized and reduced to zero. 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 three years.

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