Discontinued Operations (Details) - USD ($) $ in Millions | Apr. 01, 2015 | Feb. 28, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 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 | | | | | | | | |
Results of discontinued FMC ACD operations: | | | | | | | | | | |
Total discontinued operations of FMC ACD, net of income taxes | | | | $ (5) | | $ 4.7 | | $ 698.8 | $ (10.1) | |
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) | | | | 59.3 | | | | 59.3 | | $ 203.3 |
Current liabilities of discontinued operations held for sale | | | | (0.2) | | | | (0.2) | | (88.4) |
Noncurrent liabilities of discontinued operations held for sale | | | | 0 | | | | 0 | | (4.7) |
Discontinued operations, net of income taxes | | | | (5) | | 6.4 | | 698.8 | (4.9) | |
Proceeds from divestitures | | | | | | | | 1,649.8 | 199.1 | |
Discontinued Operations, tax effect of workers' compensation, product liability and other postretirement benefits | | | | (0.8) | | (0.1) | | (1.1) | 0.8 | |
Discontinued Operation, tax effect of provision for environmental and legal | | | | 1.7 | | 3.2 | | 6.3 | 10.3 | |
Discontinued Operations, tax effect of provision for legal expenses | | | | 1.5 | | 2.1 | | 3.9 | 6.6 | |
Discontinued Operation, tax effect of discontinued operation | | | | (6) | | (3.8) | | (378.4) | (13.6) | |
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 ($0.8) and ($1.1) for the three and nine months ended 2015 and ($0.1) and $0.8 for the three and nine months ended 2014, respectively | | | | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | (1.5) | | (2.6) | | (1.6) | (5.4) | |
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $1.7 and $6.3 for the three and nine months ended 2015 and $3.2 and $10.3 for the three and nine months ended 2014, respectively | | | | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | (2.9) | [1] | (14.3) | [1] | (10.9) | (26.6) | |
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $1.5 and $3.9 for the three and nine months ended 2015 and $2.1 and $6.6 for the three and nine months ended 2014, respectively | | | | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | (2.3) | | (3.6) | | (6.7) | (11.2) | |
Discontinued operations of FMC Alkali Chemicals, net of income tax benefit (expense) of ($6.0) and ($378.4) for the three and nine months ended 2015 and ($3.8) and ($13.6) for the three and nine 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 | | $ 1,649.8 | | | | | | | | |
After-tax proceeds on sales of ACD | | $ 1,198.5 | | | | | | | | |
Pre-tax gain (loss) on sale of businesses | | | | 1,080.2 | | | | | | |
Gain (loss) on disposal of discontinued operation, net of tax | | | | 702.1 | | | | | | |
Results of discontinued FMC ACD operations: | | | | | | | | | | |
Revenue | | | | 0 | | 196.8 | | 194 | 574.6 | |
Costs of sales and services | | | | 0 | | 156.5 | | 149.2 | 457.4 | |
Income (loss) from discontinued operations before income taxes | [2] | | | 7.7 | | 30.7 | | 1,096.4 | 91.9 | |
Provision for income taxes | | | | 6 | | 3.8 | | 378.4 | 13.6 | |
Total discontinued operations of FMC ACD, net of income taxes | | | | 1.7 | | 26.9 | | 718 | 78.3 | |
Less: discontinued operations of FMC ACD attributable to noncontrolling interests | | | | 0 | | 1.7 | | 0 | 5.2 | |
Discontinued operations of FMC ACD, net of income taxes, attributable to FMC Stockholders | | | | 1.7 | | 25.2 | | 718 | 73.1 | |
Profit before tax attributable to noncontrolling interest holders | | | | 0 | | 1.9 | | 0 | 6.1 | |
Allocated interest expense | | | | 0 | | 2.1 | | 2.2 | 6.1 | |
Divestiture related costs | | | | 0 | | 1 | | 15 | 1 | |
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 | | | | 1.7 | | 26.9 | | 718 | 78.3 | |
Discontinued operations of FMC Peroxygens, net of income tax benefit (expense) of zero for the three and nine months ended 2015 and zero and ($29.3) for the three and nine months ended 2014, respectively | | | | | | | | | | |
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) | | | | | | | |
Gain (loss) on disposal of discontinued operation, net of tax | | | (33.4) | | | | | | | |
Major classes of assets and liabilities: | | | | | | | | | | |
Discontinued operations, net of income taxes | | | | $ 0 | [4] | $ 0 | [4] | $ 0 | $ (40) | |
Proceeds from divestitures | | | $ 199.1 | | | | | | | |
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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 September 30, 2015 and 2014, respectively, amounts include approximately zero and $1.9 million attributable to noncontrolling interests, zero and $2.1 million of allocated interest expense, zero and $1.0 million of divestiture related charges. For the nine months ended September 30, 2015 and 2014, respectively, amounts include approximately zero and $6.1 million attributable to noncontrolling interests, $2.2 million and $6.1 million of allocated interest expense, $15.0 million and $1.0 million 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. | |