Restructuring and Other Charges (Income)

Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below:



	Three Months Ended June 30				Six Months Ended June 30
(in Millions)	2014		2013		2014		2013
Restructuring charges and asset disposals	$	1.4	$	3.8	$	6.7	$	11.6
Other charges (income), net	1.3		2.1		2.7		3.6
Total restructuring and other charges	$	2.7	$	5.9	$	9.4	$	15.2

Restructuring charges and asset disposals

Restructuring activities that commenced during 2014 are described below. For detail on the restructuring charges and asset disposals which commenced prior to 2014, see Note 7 to our consolidated financial statements included with our 2013 Form 10-K.

2014 Restructuring Activities

Health and Nutrition Restructuring:

In the first quarter of 2014 our FMC Health and Nutrition segment implemented a plan to restructure a portion of its operations. The objective of the restructuring was to better align our business and costs to macroeconomic and market realities. The restructuring decision resulted in workforce reductions at several of our FMC Health and Nutrition facilities.



	Restructuring Charges
(in Millions)	Severance and Employee Benefits (1)			Other Charges (Income) (2)			Asset Disposal Charges (3)		Total
Health and Nutrition Restructuring	$	0.9		$	—		$	—	$	0.9
Lithium Restructuring	—			(0.1		)	—		(0.1		)
Other Items	—			0.6			—		0.6
Three months ended June 30, 2014	$	0.9		$	0.5		$	—	$	1.4
Lithium Restructuring	1.1			1.4			1.0		3.5
Other Items	(0.1		)	0.4			—		0.3
Three months ended June 30, 2013	$	1.0		$	1.8		$	1.0	$	3.8

Health and Nutrition Restructuring	5.8			—			—		5.8
Lithium Restructuring	—			—			—		—
Other Items	—			0.9			—		0.9
Six months ended June 30, 2014	$	5.8		$	0.9		$	—	$	6.7
Lithium Restructuring	3.7			3.6			2.0		9.3
Other Items	1.7			0.6			—		2.3
Six months ended June 30, 2013	$	5.4		$	4.2		$	2.0	$	11.6

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(1)	Represents severance and employee benefit charges. Income represents adjustments to previously recorded severance and employee benefits.


(2)	Primarily represents costs associated with lease payments, contract terminations, and other miscellaneous exit costs. Other Income primarily represents favorable developments on previously recorded exit costs as well as recoveries associated with restructurings.


(3)	Primarily represents accelerated depreciation and impairment charges on long-lived assets, which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns are also included within the asset disposal charges, see Note 8.

Roll forward of restructuring reserves

The following table shows a roll forward of restructuring reserves, continuing and discontinued, that will result in cash spending. These amounts exclude asset retirement obligations, which are discussed in Note 8.



(in Millions)	Balance at 12/31/13 ⁽⁴⁾		Change in reserves ⁽²⁾		Cash payments			Other ⁽³⁾		Balance at 6/30/14 ⁽⁴⁾
Health and Nutrition Restructuring	$	—	$	5.8	$	(3.9	)	$	—	$	1.9
Lithium Restructuring	0.3		—		(0.1		)	—		0.2
Other Workforce Related and Facility Shutdowns ⁽¹⁾	2.8		0.9		(0.6		)	—		3.1
Restructuring activities related to discontinued operations ⁽⁵⁾	3.0		1.9		(3.5		)	—		1.4
Total	$	6.1	$	8.6	$	(8.1	)	$	—	$	6.6

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(1)	Primarily severance costs related to workforce reductions and facility shutdowns noted in the “Other Items” sections above.


(2)	Primarily severance, exited lease, contract termination and other miscellaneous exit costs. Any accelerated depreciation and impairment charges noted above impacted our property, plant and equipment balances and are not included in the above tables.


(3)	Primarily foreign currency translation adjustments.


(4)	Included in “Accrued and other liabilities” on the condensed consolidated balance sheets.


(5)	Cash spending associated with restructuring activities of discontinued operations is reported within Payments of other discontinued reserves, net of recoveries on the condensed consolidated statements of cash flows.

Other charges (income), net



	Three Months Ended June 30				Six Months Ended June 30
(in Millions)	2014		2013		2014		2013
Environmental charges, net	$	1.3	$	1.0	$	2.7	$	2.0
Other, net	—		1.1		—		1.6
Other charges (income), net	$	1.3	$	2.1	$	2.7	$	3.6

Environmental charges, net

Environmental charges represent the net charges associated with environmental remediation at continuing operating sites. See Note 11 for additional details.