Equity

Refer to the table below for a reconciliation of equity, equity attributable to the parent, and equity attributable to noncontrolling interest:



(in Millions, Except Per Share Data)	FMC Stockholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2013	$	1,519.8		$	52.3		$	1,572.1
Net income	231.0			12.8			243.8
Stock compensation plans	18.9			—			18.9
Excess tax benefits from share-based compensation	4.4			—			4.4
Shares for benefit plan trust	0.9			—			0.9
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax ⁽¹⁾	18.1			—			18.1
Net hedging gains/(losses) and other, net of income tax ⁽¹⁾	7.2			—			7.2
Foreign currency translation adjustments ⁽¹⁾	12.7			(1.0		)	11.7
Dividends ($0.45 per share)	(60.0		)	—			(60.0		)
Repurchases of common stock	(4.3		)	—			(4.3		)
Net distributions and other activities with noncontrolling interests	(25.5		)	(3.0		)	(28.5		)
Balance at September 30, 2014	$	1,723.2		$	61.1		$	1,784.3

____________________

(1)See condensed consolidated statements of comprehensive income.

Dividends and Share Repurchases

For the nine months ended September 30, 2014 and 2013, we paid $58.1 million and $55.6 million, respectively, in dividends declared in previous periods. On October 16, 2014, we paid dividends totaling $20.1 million to our shareholders of record as of September 30, 2014. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheet as of September 30, 2014.

During the nine months ended September 30, 2014, we did not repurchase any shares under the publicly announced repurchase program. At September 30, 2014, $250.0 million remained unused under our Board-authorized repurchase program. This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time. Shares may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market conditions and other factors. We also reacquire shares from time to time from employees in connection with the vesting, exercise and forfeiture of awards under our equity compensation plans.

Subsequent events:

Noncontrolling interest purchase

In October 2014 we purchased the remaining 6.25 percent ownership interest from the last remaining non-controlling interest holder in a legal entity within our FMC Alkali Chemicals division, which increased our ownership from 93.75 percent to 100 percent. In the nine months ended September 30, 2014, $21.4 million was paid to the minority shareholder which is classified as financing within our Condensed Consolidated Statements of Cash Flow. An additional $77.1 million was paid in October 2014.