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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 302.4 $ 572.0
Trade receivables, net of allowance of $29.1 in 2023 and $33.9 in 2022 2,703.2 2,871.4
Inventories 1,724.6 1,651.6
Prepaid and other current assets 398.9 343.6
Total current assets 5,129.1 5,438.6
Investments 19.8 14.5
Property, plant and equipment, net 892.5 849.6
Goodwill 1,593.6 1,589.3
Other intangibles, net 2,465.1 2,508.1
Other assets including long-term receivables, net 489.5 560.5
Deferred income taxes 1,336.6 210.7
Total assets 11,926.2 11,171.3
Current liabilities    
Short-term debt and current portion of long-term debt 934.0 540.8
Accounts payable, trade and other 602.4 1,252.2
Advance payments from customers 482.1 680.5
Accrued and other liabilities 684.8 601.8
Accrued customer rebates 480.9 465.3
Guarantees of vendor financing 69.6 142.0
Accrued pension and other postretirement benefits, current 6.4 2.3
Income taxes 124.4 114.7
Total current liabilities 3,384.6 3,799.6
Long-term debt, less current portion 3,023.6 2,733.2
Accrued pension and other postretirement benefits, long-term 24.4 31.6
Environmental liabilities, continuing and discontinued 494.7 439.1
Deferred income taxes 158.1 321.5
Other long-term liabilities 407.4 445.4
Commitments and contingent liabilities (Note 20)
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 935.6 909.2
Retained earnings 6,587.1 5,555.9
Accumulated other comprehensive income (loss) (406.5) (459.6)
Treasury stock, common, at cost - 2023: 61,223,032 shares, 2022: 60,872,988 shares (2,723.9) (2,646.2)
Total FMC stockholders’ equity 4,410.9 3,377.9
Noncontrolling interests 22.5 23.0
Total equity 4,433.4 3,400.9
Total liabilities and equity $ 11,926.2 $ 11,171.3