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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 494.4 $ 572.0
Trade receivables, net of allowance of $32.8 in 2023 and $33.9 in 2022 3,202.1 2,871.4
Inventories 1,910.9 1,651.6
Prepaid and other current assets 414.4 343.6
Total current assets 6,021.8 5,438.6
Noncurrent assets    
Investments 17.7 14.5
Property, plant and equipment, net 862.7 849.6
Goodwill 1,592.0 1,589.3
Other intangibles, net 2,500.1 2,508.1
Other assets including long-term receivables, net 519.0 560.5
Deferred income taxes 218.8 210.7
Total assets 11,732.1 11,171.3
Current liabilities    
Short-term debt and current portion of long-term debt 1,878.6 540.8
Accounts payable, trade and other 1,182.8 1,252.2
Advance payments from customers 14.0 680.5
Accrued and other liabilities 596.4 601.8
Accrued customer rebates 738.0 465.3
Guarantees of vendor financing 114.8 142.0
Accrued pension and other postretirement benefits, current 3.5 2.3
Income taxes 140.2 114.7
Total current liabilities 4,668.3 3,799.6
Noncurrent liabilities    
Long-term debt, less current portion 2,334.0 2,733.2
Accrued pension and other postretirement benefits, long-term 29.7 31.6
Environmental liabilities, continuing and discontinued 426.1 439.1
Deferred income taxes 324.0 321.5
Other long-term liabilities 455.5 445.4
Commitments and contingent liabilities (Note 19)
Equity    
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued in 2023 or 2022 0.0 0.0
Common stock, $0.10 par value, authorized 260,000,000 shares in 2023 and 2022; 185,983,792 shares issued in 2023 and 2022 18.6 18.6
Capital in excess of par value of common stock 916.4 909.2
Retained earnings 5,679.2 5,555.9
Accumulated other comprehensive income (loss) (468.8) (459.6)
Treasury stock, common, at cost - 2023: 60,944,601 shares, 2022: 60,872,988 shares (2,674.7) (2,646.2)
Total FMC stockholders’ equity 3,470.7 3,377.9
Noncontrolling interests 23.8 23.0
Total equity 3,494.5 3,400.9
Total liabilities and equity $ 11,732.1 $ 11,171.3