XML 53 R17.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Assets Held for Sale | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes to Consolidated Financial Statements [Abstract] |
Note 11 - Assets held for sale | Note 11 - Assets held for sale and Business Acquisitions A. Assets held for sale (1) Pursuant to the Company’s strategy to divest low synergies businesses, focus its operation on the mineral’s chains, reduce debt ratios and generate funds for growth initiatives, during 2017, the Company entered into the following sales agreements: On December 7, 2017, the Company entered into an agreement to sell its fire safety and oil additives business (hereinafter - the Business) to SK Invictus Holding L.P., an affiliate of SK Capital (hereinafter – the Buyer). The Business is part of ICL Specialty Solutions’ Advanced Additives business line. Closing of the transaction is subject to several conditions which are expected to be met in the first half of 2018. The total consideration from the sale is expected to be in the amount of about $1 Billion, before estimated selling costs and subject to customary closing adjustments regarding working capital and debt, of which $950 million in cash and up to about $53 million in the form of preferred equity certificates issued by a subsidiary of the Buyer. As a result from the sale, the Company expects to recognize a gain of about $840 million (upon closing) and selling costs of approximately $15 million. In light of that stated, in the financial statements for 2017, the Company reclassified the Business as “assets and liabilities held for sale”. See item (2) below. On December 8, 2017, the Company closed the sale of its holdings (50%) in IDE Technologies Ltd, for a consideration of $168 million. In the financial statements for 2017, the Company recognized a capital gain of $41 million which was presented under “other income” in the consolidated statement of income. Note 11 - Assets held for sale and Business Acquisitions (cont’d) (2) Assets and liabilities of disposal groups classified as held for sale Assets of disposal groups classified as held for sale
| 2017
| US$ millions
Cash and cash equivalents | 5
Trade and other receivables | 41
Inventories | 35
Property, plant and equipment | 25
Intangible assets | 63
| 169
Liabilities of disposal groups classified as held for sale
| 2017
| US$ millions
Trade payables | 9
Other current liabilities | 30
Long-term employee provisions | 1
Deferred tax liabilities | 3
| 43

X
- References No definition available. + Details
Name: | icl_NotesToConsolidatedFinancialStatementsAbstract
Namespace Prefix: | icl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of non-current assets or disposal groups classified as held for sale. [Refer: Non-current assets or disposal groups classified as held for sale] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration