Discontinued Operations (Details) - USD ($) $ in Millions | Apr. 01, 2015 | Feb. 28, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | | | | | | | | | | |
Length of transitional services agreement in months | | 12 months | | | | | | | | |
Period to secure FMC's release from guarantees without compensation in days | | | | | | | | 90 days | | |
Results of discontinued FMC ACD operations: | | | | | | | | | | |
Total discontinued operations, net of income taxes, attributable to FMC stockholders | | | | $ 688.2 | | $ 13.4 | | $ 703.8 | $ (14.8) | |
Pension curtailment charge | | | | | | | | 5.3 | 0 | |
Major classes of assets and liabilities: | | | | | | | | | | |
Current assets of discontinued operations held for sale (primarily trade receivables and inventories) | | | | 0 | | | | 0 | | $ 203.3 |
Current liabilities of discontinued operations held for sale | | | | 0 | | | | 0 | | (88.4) |
Noncurrent liabilities of discontinued operations held for sale | | | | 0 | | | | 0 | | (4.7) |
Discontinued operations, net of income taxes | | | | 688.2 | | 15.3 | | 703.8 | (11.3) | |
Proceeds from divestitures | | | | | | | | 1,653.2 | 199.1 | |
Discontinued Operations, tax effect of workers' compensation, product liability and other postretirement benefits | | | | 0 | | 0.6 | | (0.3) | 0.6 | |
Discontinued Operation, tax effect of provision for environmental and legal | | | | 2.6 | | 4.4 | | 4.6 | 7.1 | |
Discontinued Operations, tax effect of provision for legal expenses | | | | 2.8 | | 2.2 | | 2.7 | 4.5 | |
Discontinued Operation, tax effect of discontinued operation | | | | (372) | | (5.1) | | (372.4) | (9.8) | |
Discontinued Operations, tax effect of Peroxygens Segment Operations | | | | 0 | | 0 | | 0 | (29.3) | |
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of zero and ($0.3) for the three and six months ended 2015 and $0.6 for the three and six months ended 2014, respectively | | | | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | 2.4 | | (1.3) | | (0.1) | (2.8) | |
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $2.6 and $4.6 for the three and six months ended 2015 and $4.4 and $7.1 for the three and six months ended 2014, respectively (1) | | | | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | (7.5) | [1] | (7.5) | [1] | (8) | (12.3) | |
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $2.8 and $2.7 for the three and six months ended 2015 and $2.2 and $4.5 for the three and six months ended 2014, respectively | | | | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | (4.5) | | (3.8) | | (4.4) | (7.6) | |
Discontinued operations of FMC Alkali Chemicals, net of income tax benefit (expense) of ($372.0) and ($372.4) for the three and six months ended 2015 and ($5.1) and ($9.8) for the three and six months ended 2014, respectively | | | | | | | | | | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | | | | | | | | | | |
Pre-tax proceeds on sale of ACD | | $ 1,653.2 | | | | | | | | |
After-tax proceeds on sales of ACD | | $ 1,202.1 | | | | | | | | |
Pre-tax gain (loss) on sale of businesses | | | | 1,073.4 | | | | | | |
Results of discontinued FMC ACD operations: | | | | | | | | | | |
Revenue | | | | 0 | | 192.9 | | 194 | 377.8 | |
Costs of sales and services | | | | 0 | | 151.4 | | 149.2 | 300.9 | |
Income (loss) from discontinued operations before income taxes | [2] | | | 1,069.8 | | 33 | | 1,088.7 | 61.2 | |
Provision for income taxes | | | | 372 | | 5.1 | | 372.4 | 9.8 | |
Total discontinued operations, net of income taxes, attributable to FMC stockholders | | | | 697.8 | | 27.9 | | 716.3 | 51.4 | |
Less: discontinued operations of FMC ACD attributable to noncontrolling interests | | | | 0 | | 1.9 | | 0 | 3.5 | |
Profit before tax attributable to noncontrolling interest holders | | | | 0 | | 2.2 | | 0 | 4.1 | |
Allocated interest expense | | | | 0 | | 2.1 | | 2.2 | 4 | |
Divestiture related costs | | | | 3.7 | | 0 | | 15 | 0 | |
Major classes of assets and liabilities: | | | | | | | | | | |
Current assets of discontinued operations held for sale (primarily trade receivables and inventories) | | | | | | | | | | 203.3 |
Property, plant & equipment | [3] | | | | | | | | | 378.6 |
Other non-current assets | [3] | | | | | | | | | 22.9 |
Total assets of discontinued operations held for sale | | | | | | | | | | 604.8 |
Current liabilities of discontinued operations held for sale | | | | | | | | | | (88.4) |
Noncurrent liabilities of discontinued operations held for sale | [3] | | | | | | | | | (4.7) |
Total liabilities of discontinued operations held for sale | | | | | | | | | | (93.1) |
Net Assets | | | | | | | | | | $ 511.7 |
Discontinued operations, net of income taxes | | | | 697.8 | | 27.9 | | 716.3 | 51.4 | |
Gain (loss) on disposal of discontinued operation, net of tax | | | | (697.8) | | | | | | |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | | | | 697.8 | | 26 | | 716.3 | 47.9 | |
Discontinued operations of FMC Peroxygens, net of income tax benefit (expense) of zero for the three and six months ended 2015 and zero and ($29.3) for the three and six months ended 2014, respectively (2) | | | | | | | | | | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | | | | | | | | | | |
Pre-tax gain (loss) on sale of businesses | | | $ (10.1) | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | $ 0 | [4] | $ 0 | [4] | $ 0 | $ (40) | |
Proceeds from divestitures | | | 199.1 | | | | | | | |
Gain (loss) on disposal of discontinued operation, net of tax | | | $ 33.4 | | | | | | | |
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[1] | See a roll forward of our environmental reserves as well as discussion on significant environmental issues that occurred during the 2015 in Note 10. | |
[2] | For the three months ended June 30, 2015 and 2014, respectively, amounts include approximately zero and $2.2 million attributable to noncontrolling interests, zero and $2.1 million of allocated interest expense, $3.7 million and zero of divestiture related charges. For the six months ended June 30, 2015 and 2014, respectively, amounts include approximately zero and $4.1 million attributable to noncontrolling interests, $2.2 million and $4.0 million of allocated interest expense, $15.0 million and zero of divestiture related charges and $5.3 million and zero of a pension curtailment charge. Interest was allocated in accordance with relevant discontinued operations accounting guidance. | |
[3] | Presented as "Noncurrent assets\liabilities of discontinued operations held for sale" on the condensed consolidated balance sheet as of December 31, 2014. | |
[4] | On February 28, 2014, we completed the sale of our FMC Peroxygens business for $199.1 million in cash to One Equity Partners (OEP), the private investment arm of J.P. Morgan Chase & Co. The sale resulted in a further pre-tax loss of $10.1 million ($33.4 million net of tax). The net of tax loss was driven by the final allocation of the proceeds. | |