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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 417.8 $ 302.4
Trade receivables, net of allowance of $30.4 in 2024 and $29.1 in 2023 2,817.9 2,703.2
Inventories 1,587.1 1,724.6
Prepaid and other current assets 375.2 398.9
Total current assets 5,198.0 5,129.1
Noncurrent assets    
Investments 20.1 19.8
Property, plant and equipment, net 875.6 892.5
Goodwill 1,587.9 1,593.6
Other intangibles, net 2,432.9 2,465.1
Other assets including long-term receivables, net 488.8 489.5
Deferred income taxes 1,375.1 1,336.6
Total assets 11,978.4 11,926.2
Current liabilities    
Short-term debt and current portion of long-term debt 1,311.1 934.0
Accounts payable, trade and other 589.3 602.4
Advance payments from customers 88.7 482.1
Accrued and other liabilities 691.5 684.8
Accrued customer rebates 669.3 480.9
Guarantees of vendor financing 80.4 69.6
Accrued pension and other postretirement benefits, current 6.4 6.4
Income taxes 116.2 124.4
Total current liabilities 3,552.9 3,384.6
Noncurrent liabilities    
Long-term debt, less current portion 3,024.6 3,023.6
Accrued pension and other postretirement benefits, long-term 24.3 24.4
Environmental liabilities, continuing and discontinued 477.9 494.7
Deferred income taxes 151.6 158.1
Other long-term liabilities 414.2 407.4
Commitments and contingent liabilities (Note 18)
Equity    
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued in 2024 or 2023 0.0 0.0
Common stock, $0.10 par value, authorized 260,000,000 shares in 2024 and 2023; 185,983,792 shares issued in 2024 and 2023 18.6 18.6
Capital in excess of par value of common stock 942.4 935.6
Retained earnings 6,511.8 6,587.1
Accumulated other comprehensive income (loss) (436.6) (406.5)
Treasury stock, common, at cost - 2024: $61,166,222 shares, 2023: $61,223,032 shares (2,724.7) (2,723.9)
Total FMC stockholders’ equity 4,311.5 4,410.9
Noncontrolling interests 21.4 22.5
Total equity 4,332.9 4,433.4
Total liabilities and equity $ 11,978.4 $ 11,926.2