Supplemental Information (Tables)

12 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

The following tables present details of prepaid and other current assets, other assets, accrued and other liabilities and other long-term liabilities as presented on the consolidated balance sheets:


(in Millions)	December 31,
	2021		2020
Prepaid and other current assets
Tax related items	$	17.7	$	15.7
Argentina government receivable (1)	13.3		10.8
Prepaid expenses	12.2		8.2
Other receivables	2.3		8.6

Derivative assets (Note 15)	0.2		—


Bank Acceptance Drafts (2)	—		0.2
Other current assets (3)	9.6		12.8
Total	$	55.3	$	56.3


(in Millions)	December 31,
	2021		2020
Other assets
Argentina government receivable (1)	$	55.8	$	55.8
Advance to contract manufacturers (4)	16.0		16.3
Long-term raw materials inventory	4.9		—
Capitalized software, net	1.5		1.8
Tax related items	1.3		2.7




Other long-term assets	11.4		11.8
Total	$	90.9	$	88.4

____________________

1.We have various subsidiaries that conduct business within Argentina. At December 31, 2021 and 2020, $38.4 million and $39.5 million of outstanding receivables due from the Argentina government, which primarily represent export tax and export rebate receivables, were denominated in U.S. dollars. As with all outstanding receivable balances we continually review recoverability by analyzing historical experience, current collection trends and regional business and political factors among other factors.

2.Bank Acceptance Drafts are a common Chinese finance note used to settle trade transactions. Livent accepts these notes from Chinese customers based on criteria intended to ensure collectability and limit working capital usage.

3.December 31, 2020 balance includes a $5.4 million receivable for insurance reimbursement related to the IPO litigation settlement which was netted with the IPO litigation settlement accrual in "Restructuring and other" in the consolidated statement of operations (see Note 8 and Note 16 for details).

4.We record deferred charges related to certain contract manufacturing agreements which we amortize over the term of the underlying contract.

Schedule of Other Liabilities


(in Millions)	December 31,
	2021		2020
Accrued and other current liabilities
Accrued payroll	$	17.1	$	12.5
Accrued investment in unconsolidated affiliate	6.2		—
Restructuring reserves	3.2		3.2
Retirement liability - 401K	2.5		2.6

Environmental reserves, current	0.5		0.6

Severance	—		2.5
Other accrued and other current liabilities (1)	32.3		15.3
Total	$	61.8	$	36.7


(in Millions)	December 31,
	2021		2020
Other long-term liabilities
Deferred compensation plan obligation	$	5.9	$	4.5
Contingencies related to uncertain tax positions (2)	2.3		3.4
Self insurance reserves	1.5		1.5
Asset retirement obligations	0.3		0.3
Accrued investment in unconsolidated affiliate	—		6.2
Other long-term liabilities	1.7		1.3
Total	$	11.7	$	17.2

____________________

1.December 31, 2020 includes a $7.4 million settlement accrual related to IPO litigation. See Note 16 for details about IPO litigation settlement. 2021 and 2020 amounts include accrued capital expenditures related to our expansion projects.

2.As of December 31, 2021, we have recorded a liability for uncertain tax positions of $1.9 million and a $0.4 million indemnification liability to FMC for assets where the offsetting uncertain tax position is with FMC.