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Supplemental Information | 12 Months Ended
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Dec. 31, 2023
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,
2023 |  | 2022
Prepaid and other current assets |  |  |
Prepaid insurance | $ | 15.3 |  |  | $ | 12.6 |
Tax related items including value added tax receivables | 241.9 |  |  | 172.4 |
Refund asset (1) | 59.5 |  |  | 36.8 |
Environmental obligation recoveries (Note 11) | 1.5 |  |  | 3.2 |
Derivative assets (Note 19) | 0.2 |  |  | 13.2 |
Other prepaid and current assets | 80.5 |  |  | 105.4 |
Total | $ | 398.9 |  |  | $ | 343.6 |
(in Millions) | December 31,
2023 |  | 2022
Other assets including long-term receivables, net |  |  |
Non-current receivables (Note 9) | $ | 19.5 |  |  | $ | 60.8 |
Advance to contract manufacturers | 97.1 |  |  | 119.4 |
Capitalized software, net | 123.3 |  |  | 133.0 |
Environmental obligation recoveries (Note 11) | 3.4 |  |  | 3.2 |
Beneficial interest in trade receivables securitization (Note 19) | 23.3 |  |  | 19.3 |
Income taxes indirect benefits | 19.7 |  |  | 21.2 |
Operating lease ROU asset (Note 17) | 121.8 |  |  | 123.8 |
Deferred compensation arrangements (Note 19) | 23.8 |  |  | 22.5 |
Pension and other postretirement benefits (Note 14) | 30.7 |  |  | 22.4 |
Other long-term assets | 26.9 |  |  | 34.9 |
Total | $ | 489.5 |  |  | $ | 560.5 |
(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 (1) below.
(in Millions) | December 31,
2023 |  | 2022
Accrued and other liabilities |  |  |
Restructuring reserves (Note 8) | $ | 47.4 |  |  | $ | 7.6 |
Dividend payable (Note 16) | 72.5 |  |  | 72.7 |
Accrued payroll | 55.5 |  |  | 99.8 |
Environmental reserves, current, net of recoveries (Note 11) | 97.4 |  |  | 90.1 |
Derivative liabilities (Note 19) | 11.6 |  |  | 17.8 |
Furadan® product exit asset retirement obligations (Note 1) | 5.0 |  |  | 10.0 |
Operating lease current liabilities (Note 17) | 24.4 |  |  | 22.0 |
Other accrued and other liabilities (1) | 371.0 |  |  | 281.8 |
Total | $ | 684.8 |  |  | $ | 601.8 |
(in Millions) | December 31,
2023 |  | 2022
Other long-term liabilities |  |  |
Restructuring reserves (Note 8) | $ | 3.0 |  |  | $ | 3.0 |
Asset retirement obligations, long-term (Note 1) | 1.4 |  |  | 6.0 |
Transition tax related to Tax Cuts and Jobs Act (2) | 23.3 |  |  | 62.6 |
Contingencies related to uncertain tax positions (Note 12) | 62.4 |  |  | 52.4 |
Deferred compensation arrangements (Note 19) | 24.4 |  |  | 23.5 |
Self-insurance reserves (primarily workers' compensation) | 2.3 |  |  | 3.4 |
Lease obligations (Note 17) | 123.2 |  |  | 128.6 |
Reserve for discontinued operations (Note 10) | 135.6 |  |  | 127.2 |
Unfavorable contracts | 5.6 |  |  | 10.1 |
Other long-term liabilities | 26.2 |  |  | 28.6 |
Total | $ | 407.4 |  |  | $ | 445.4 |
____________________ (1)Other accrued and other liabilities includes our estimated liability for sales returns. (2)Represents noncurrent portion of overall transition tax to be paid over the next two years.

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