Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|||||||
Income Statement [Abstract] | ||||||||||
Revenue | $ 957.4 | $ 821.9 | $ 2,744.1 | $ 2,494.4 | ||||||
Costs and Expenses | ||||||||||
Costs of sales and services | 653.0 | 523.9 | 1,758.6 | 1,547.6 | ||||||
Gross margin | 304.4 | 298.0 | 985.5 | 946.8 | ||||||
Selling, general and administrative expenses | 124.9 | 118.7 | 374.1 | 357.3 | ||||||
Research and development expenses | 29.0 | 28.1 | 84.7 | 82.4 | ||||||
Restructuring and other charges (income) | 32.1 | [1] | 5.5 | [1] | 47.3 | [1] | 9.1 | [1] | ||
Total costs and expenses | 839.0 | 676.2 | 2,264.7 | 1,996.4 | ||||||
Income from continuing operations before equity in (earnings) loss of affiliates, interest expense, net and income taxes | 118.4 | 145.7 | 479.4 | 498.0 | ||||||
Equity in (earnings) loss of affiliates | 0.1 | 0.2 | 0.5 | 0.3 | ||||||
Interest expense, net | 9.8 | 9.8 | 31.4 | 30.3 | ||||||
Income from continuing operations before income taxes | 108.5 | 135.7 | 447.5 | 467.4 | ||||||
Provision for income taxes | 32.0 | 29.9 | 113.1 | 113.2 | ||||||
Income from continuing operations | 76.5 | 105.8 | 334.4 | 354.2 | ||||||
Discontinued operations, net of income taxes | (56.6) | (11.2) | (58.3) | (24.7) | ||||||
Net income | 19.9 | 94.6 | 276.1 | 329.5 | ||||||
Less: Net income attributable to noncontrolling interests | 2.0 | 4.6 | 9.3 | 15.5 | ||||||
Net income | 17.9 | 90.0 | 266.8 | 314.0 | ||||||
Amounts attributable to FMC stockholders: | ||||||||||
Continuing operations, net of income taxes | 74.5 | 101.2 | 325.1 | 338.7 | ||||||
Discontinued operations, net of income taxes | (56.6) | (11.2) | (58.3) | (24.7) | ||||||
Net income | $ 17.9 | $ 90.0 | $ 266.8 | $ 314.0 | ||||||
Basic earnings (loss) per common share attributable to FMC stockholders: | ||||||||||
Continuing operations | $ 0.55 | $ 0.73 | $ 2.39 | $ 2.45 | ||||||
Discontinued operations | $ (0.42) | $ (0.08) | $ (0.43) | $ (0.18) | ||||||
Net income attributable to FMC stockholders | $ 0.13 | $ 0.65 | $ 1.96 | $ 2.27 | ||||||
Diluted earnings (loss) per common share attributable to FMC stockholders: | ||||||||||
Continuing operations | $ 0.55 | $ 0.73 | $ 2.38 | $ 2.44 | ||||||
Discontinued operations | $ (0.42) | $ (0.08) | $ (0.43) | $ (0.18) | ||||||
Net income attributable to FMC stockholders | $ 0.13 | $ 0.65 | $ 1.95 | $ 2.26 | ||||||
|
X | ||||||||||
- Definition
Income from continuing operations before income taxes No definition available.
|
X | ||||||||||
- Definition
The aggregate amount provided for estimating restructuring charges, remediation costs, gains on sale of assets, in process research and development acquired as part of an asset acquisition, asset impairment losses and other miscellaneous charges to income during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). No definition available.
|
X | ||||||||||
- Definition
Total costs and expenses - includes operating expenses directly attributable to revenue generation activity; selling, general and administrative expenses; research and development expenses and restructuring and other charges (income). No definition available.
|
X | ||||||||||
- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of interest revenue (income derived from investments in debt securities and on cash and cash equivalents) net of interest expense (cost of borrowed funds accounted for as interest). No definition available.
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The costs incurred in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, excluding in-process research and development acquired in a business combination consummated during the period. Excludes software research and development, which has a separate concept. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|