XML 15 R3.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ (3.1) $ 195.9
Foreign currency adjustments:    
Foreign currency translation gain (loss) arising during the period (36.7) 20.1
Total foreign currency translation adjustments [1] (36.7) 20.1
Derivative instruments:    
Unrealized hedging gains (losses) and other, net of tax expense (benefit) of $1.9 and $(4.1) for the three months ended March 31, 2024 and 2023, respectively 3.7 (37.3)
Reclassification of deferred hedging (gains) losses and other, included in net income (loss), net of tax (expense) benefit of [$—] and $2.2 for the three months ended March 31, 2024 and 2023, respectively [2] (0.3) 6.0
Total derivative instruments, net of tax expense (benefit) of $1.8 and $(1.9) for the three months ended March 31, 2024 and 2023, respectively 3.4 (31.3)
Pension and other postretirement benefits:    
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax expense (benefit) of zero and zero for the three months ended March 31, 2024 and 2023, respectively (0.1) 0.1
Reclassification of net actuarial and other (gains) losses and amortization of prior service costs and settlement charges, included in net income (loss), net of tax (expense) benefit of [$—] and $0.8 for the three months ended March 31, 2024 and 2023, respectively [2] 2.6 2.8
Total pension and other postretirement benefits, net of tax expense (benefit) of $0.7 and $0.8 for the three months ended March 31, 2024 and 2023, respectively 2.5 [3] 2.9 [4]
Other comprehensive income (loss), net of tax (30.8) (8.3)
Comprehensive income (loss) (33.9) 187.6
Less: Comprehensive income (loss) attributable to the noncontrolling interest (1.1) 0.8
Comprehensive income (loss) attributable to FMC stockholders $ (32.8) $ 186.8
[1] Income taxes are not provided for foreign currency translation because the related investments are essentially permanent in duration.
[2] For more detail on the components of these reclassifications and the affected line item in the consolidated statements of income (loss), see Note 13.
[3] See consolidated statements of comprehensive income (loss).
[4] See consolidated statements of comprehensive income (loss).