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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
Treasury stock activity
The following is a summary of our capital stock activity for the three months ended March 31, 2017 and 2016:
(Number of shares in millions)
Ordinary Shares Issued
 
Ordinary Shares
Held in 
Employee
Benefit Trust
 
Treasury Stock
Balance as of December 31, 2015
119.0

 

 
0.8

Net stock purchased for (sold from) pursuant to liquidity contract

 

 
(0.1
)
Balance as of March 31, 2016
119.0

 

 
0.7

 
 
 
 
 
 
Balance as of December 31, 2016
119.2

 

 
0.3

Net capital increases due to the Merger of FMC Technologies and Technip
347.4

 

 

Treasury stock cancellation due to the Merger of FMC Technologies and Technip

 

 
(0.3
)
Net stock purchased for (sold from) employee benefit trust

 
0.1

 

Balance as of March 31, 2017
466.6

 
0.1

 

Accumulated other comprehensive loss
Accumulated other comprehensive loss consisted of the following: 
(In millions)
Foreign Currency
Translation
 
Available-For-Sale Securities
 
Hedging
 
Defined Pension and Other Post-retirement Benefits
 
Accumulated Other
Comprehensive Loss
December 31, 2016
$
(307.5
)
 
$

 
$
(126.9
)
 
$
(40.8
)
 
$
(475.2
)
Other comprehensive income (loss) before reclassifications, net of tax
6.6

 
0.8

 
24.7

 

 
32.1

Reclassification adjustment for net losses (gains) included in net income, net of tax

 

 
34.4

 
0.5

 
34.9

Other comprehensive income (loss), net of tax
6.6

 
0.8

 
59.1

 
0.5

 
67.0

March 31, 2017
$
(300.9
)
 
$
0.8

 
$
(67.8
)
 
$
(40.3
)
 
$
(408.2
)
Reclassifications out of accumulated other comprehensive loss
Reclassifications out of accumulated other comprehensive loss consisted of the following:
 
 
Three Months Ended
 
 
(In millions)
 
March 31, 2017
 
March 31, 2016
 
 
Details about Accumulated Other Comprehensive Loss Components
 
 
 
Affected Line Item in the Condensed Consolidated Statements of Income
Gains (losses) on available-for-sale securities
 
$

 
$

 
Other expense, net
 
 
 
 
 
 
 
Gains (losses) on hedging instruments
 
 
 
 
 
 
Foreign exchange contracts:
 
$
(14.6
)
 
$

 
Revenue
 
 
(0.1
)
 

 
Cost of sales
 
 
(0.1
)
 

 
Research and development expense
 
 
(28.4
)
 
(63.5
)
 
Other (expense), net
 
 
(43.2
)
 
(63.5
)
 
Income before income taxes
 
 
(8.8
)
 
(20.7
)
 
Provision (benefit) for income taxes
 
 
$
(34.4
)
 
$
(42.8
)
 
Net income
Defined pension and other post-retirement benefits
 
 
 
 
 
 
Amortization of actuarial gain (loss)
 
$
(0.5
)
 
$
(0.1
)
 
(a) 
Amortization of prior service credit (cost)
 
(0.2
)
 
(0.1
)
 
(a) 
 
 
(0.7
)
 
(0.2
)
 
Income before income taxes
 
 
(0.2
)
 
(0.1
)
 
Provision (benefit) for income taxes
 
 
$
(0.5
)
 
$
(0.1
)
 
Net income
_______________________
(a)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 15 for additional details).