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Segment Information
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information 
(in Millions)
Three Months Ended September 30
 
Nine Months Ended September 30
2014
 
2013
 
2014
 
2013
Revenue
 
 
 
 
 
 
 
FMC Agricultural Solutions
$
548.8

 
$
530.2

 
$
1,546.9

 
$
1,468.0

FMC Health and Nutrition
203.1

 
190.4

 
636.4

 
572.2

FMC Minerals
264.0

 
237.8

 
762.2

 
706.8

Eliminations

 
(1.0
)
 

 
(2.9
)
Total
$
1,015.9

 
$
957.4

 
$
2,945.5

 
$
2,744.1

Income from continuing operations before income taxes
 
 
 
 
 
 
 
FMC Agricultural Solutions
$
116.7

 
$
114.2

 
$
367.5

 
$
402.2

FMC Health and Nutrition
43.7

 
41.1

 
143.7

 
129.1

FMC Minerals
39.2

 
27.7

 
118.8

 
92.1

Eliminations

 
(0.1
)
 

 
(0.3
)
Segment operating profit
$
199.6

 
$
182.9

 
630.0

 
623.1

Corporate and other
(15.3
)
 
(20.1
)
 
(52.4
)
 
(60.2
)
Operating profit before the items listed below
$
184.3

 
$
162.8

 
$
577.6

 
$
562.9

Interest expense, net
(14.9
)
 
(9.8
)
 
(43.7
)
 
(31.4
)
Restructuring and other (charges) income (1)
(35.6
)
 
(32.1
)
 
(45.0
)
 
(47.3
)
Non-operating pension and postretirement (charges) income (2)
(1.5
)
 
(5.7
)
 
(8.4
)
 
(30.0
)
Business separation costs (3)
(6.8
)
 

 
(23.6
)
 

Acquisition/divestiture related charges (4)
(37.5
)
 
(6.7
)
 
(41.7
)
 
(6.7
)
Provision for income taxes
(7.4
)
 
(32.0
)
 
(88.2
)
 
(113.1
)
Discontinued operations, net of income taxes
(20.5
)
 
(56.6
)
 
(83.2
)
 
(58.3
)
Net income attributable to noncontrolling interests
$
(3.8
)
 
$
(2.0
)
 
$
(12.8
)
 
$
(9.3
)
Net income attributable to FMC stockholders
$
56.3

 
$
17.9

 
$
231.0

 
$
266.8

_________________________________________
(1)
See Note 8 within these condensed consolidated financial statements for details of restructuring and other charges (income). Amounts for the three months ended September 30, 2014, relate to FMC Agricultural Solutions of $17.0 million, FMC Minerals of $0.1 million and Corporate of $18.5 million. Amounts for the three months ended September 30, 2013, relate to FMC Agricultural Solutions of $30.7 million, FMC Health and Nutrition of $0.1 million, FMC Minerals of $0.3 million and Corporate of $1.0 million. Amounts for the nine months ended September 30, 2014, relate to FMC Agricultural Solutions of $17.0 million, FMC Health and Nutrition of $5.9 million, FMC Minerals of $0.1 million and Corporate of $22.0 million. Amounts for the nine months ended September 30, 2013, relate to FMC Agricultural Solutions of $32.6 million, FMC Health and Nutrition of $0.8 million, FMC Minerals of $9.6 million and Corporate of $4.3 million.
(2)
Our non-operating pension and postretirement costs are defined as those costs related to interest, expected return on plan assets, amortized actuarial gains and losses and the impacts of any plan curtailments or settlements. These costs are primarily related to changes in pension plan assets and liabilities which are tied to financial market performance and we consider these costs to be outside our operational performance. We exclude these non-operating pension and postretirement costs from our segments as we believe that removing them provides a better understanding of the underlying profitability of our businesses, provides increased transparency and clarity in the performance of our retirement plans and enhances period-over-period comparability. We continue to include the service cost and amortization of prior service cost in our operating segments noted above. We believe these elements reflect the current year operating costs to our businesses for the employment benefits provided to active employees. These expenses are included as a component of the line item “Selling, general and administrative expenses” on our condensed consolidated statements of income. 
(3)
Charges are associated with the previously planned separation of our FMC Corporation into two independent public companies. See Note 4 within these condensed consolidated financial statements for more detail on the business separation costs. These charges are included within "Business separation costs" on our condensed consolidated income statement. These costs were primarily related to professional fees associated with separation activities within the finance and legal functions.
(4)
Charges related to the expensing of the inventory fair value step-up resulting from the application of purchase accounting, legal and professional fees and gains or losses on hedging purchase price associated with the planned or completed acquisitions and costs incurred associated with the potential divestiture of our FMC Alkali Chemicals division. Amounts represent the following:

Three Months Ended

Nine Months Ended

September 30

September 30
(in Millions)
2014

2013

2014

2013
Acquisition related charges - Cheminova











Legal and professional fees (1)
$
15.2


$


$
15.2


$

Unrealized loss/(gain) on hedging purchase price (1)
21.2




21.2



Acquisition related charges - Epax











Legal and professional fees (1)


4.6




4.6

Inventory fair value step-up amortization (2)


2.1


4.2


2.1

Divestiture related charges - FMC Alkali Chemicals division











Legal and professional fees (1)
1.1




1.1



Acquisition/divestiture related charges
$
37.5


$
6.7


$
41.7


$
6.7

____________________
(1)
On the condensed consolidated statements of income, these charges are included in “Selling, general and administrative expenses.”
(2)    On the condensed consolidated statements of income, these charges are included in “Costs of sales and services.”