Supplemental Information (Tables)

12 Months Ended

Dec. 31, 2023

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,
	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.