10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________________________________________________

FORM 10-Q

_______________________________________________________________________

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2016

or

o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _______ to _______

Commission File Number 1-2376

__________________________________________________________________________

FMC CORPORATION

(Exact name of registrant as specified in its charter)

__________________________________________________________________________

Delaware	94-0479804
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1735 Market Street Philadelphia, Pennsylvania	19103
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 215-299-6000

__________________________________________________________________________

INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS    YES  x    NO  o

INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS SUBMITTED ELECTRONICALLY AND POSTED ON ITS CORPORATE WEBSITE, IF ANY, EVERY INTERACTIVE DATA FILE REQUIRED TO BE SUBMITTED AND POSTED PURSUANT TO RULE 405 OF REGULATION S-T DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO SUBMIT AND POST SUCH FILES)    YES  x    NO  o

INDICATE BY CHECK MARK WHETHER THE REGISTRANT IS A LARGE ACCELERATED FILER, AN ACCELERATED FILER, A NON-ACCELERATED FILER OR A SMALLER REPORTING COMPANY. SEE THE DEFINITIONS OF “LARGE ACCELERATED FILER,” “ACCELERATED FILER,” AND “SMALLER REPORTING COMPANY” IN RULE 12B-2 OF THE EXCHANGE ACT. (CHECK ONE):

LARGE ACCELERATED FILER	x	ACCELERATED FILER	o
NON-ACCELERATED FILER	o	SMALLER REPORTING COMPANY	o

INDICATE BY CHECK MARK WHETHER THE REGISTRANT IS A SHELL COMPANY (AS DEFINED IN RULE 12B-2 OF THE EXCHANGE ACT)    YES  o    NO  x

INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER’S CLASSES OF COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE

Class	Outstanding at March 31, 2016
Common Stock, par value $0.10 per share	133,751,548

FMC CORPORATION

INDEX

	Page No.
Part I - FINANCIAL INFORMATION	3
Item 1. Financial Statements	3
Condensed Consolidated Statements of Income (Loss) - Three months ended March 31, 2016 and 2015 (unaudited)	3
Condensed Consolidated Statements of Comprehensive Income (Loss) - Three months ended March 31, 2016 and 2015 (unaudited)	4
Condensed Consolidated Balance Sheets - March 31, 2016 and December 31, 2015 (unaudited)	5
Condensed Consolidated Statements of Cash Flows - Three months ended March 31, 2016 and 2015 (unaudited)	6
Notes to Condensed Consolidated Financial Statements (unaudited)	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	31
Item 3. Quantitative and Qualitative Disclosures About Market Risk	44
Item 4. Controls and Procedures	45
Part II - OTHER INFORMATION	47
Item 1. Legal Proceedings	47
Item 1A. Risk Factors	47
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	48
Item 5. Other Information	48
Item 6. Exhibits	48
Signatures	49

2

PART I - FINANCIAL INFORMATION

ITEM 1.    FINANCIAL STATEMENTS

FMC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in Millions, Except Per Share Data)	Three Months Ended March 31
	2016			2015
	(unaudited)
Revenue	$	798.8		$	659.4
Costs and Expenses
Costs of sales and services	517.4			408.7
Gross margin	281.4			250.7
Selling, general and administrative expenses	126.5			297.9
Research and development expenses	36.0			26.6
Restructuring and other charges	12.4			22.3
Total costs and expenses	692.3			755.5
Income from continuing operations before equity in (earnings) loss of affiliates, interest expense, net and income taxes	106.5			(96.1		)
Equity in (earnings) loss of affiliates	—			0.1
Interest expense, net	20.8			14.0
Income (loss) from continuing operations before income taxes	85.7			(110.2		)
Provision (benefit) for income taxes	30.9			(49.1		)
Income (loss) from continuing operations	54.8			(61.1		)
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income (loss)	48.7			(45.5		)
Less: Net income attributable to noncontrolling interests	0.4			1.3
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)
Amounts attributable to FMC stockholders:
Continuing operations, net of income taxes	$	54.4		$	(62.4	)
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

FMC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in Millions)	Three Months Ended March 31
	2016		2015
	(unaudited)
Net income (loss)	$	48.7	$	(45.5	)
Other comprehensive income (loss), net of tax:
Foreign currency adjustments:
Foreign currency translation gain (loss) arising during the period	52.3		(39.7		)
Total foreign currency translation adjustments (1)	52.3		(39.7		)
Derivative instruments:
Unrealized hedging gains (losses) and other, net of tax of ($.8) and $0.4 for the three ended March 31, 2016 and 2015, respectively	2.3		2.3
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of $1.2 and ($1.2) for the three months ended March 31, 2016 and 2015, respectively (3)	2.4		(1.8		)
Total derivative instruments, net of tax of $0.4 and ($0.8) for the three months ended March 31,2016 and 2015, respectively	4.7		0.5
Pension and other postretirement benefits:
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax of zero and ($4.7) for the three months ended March 31, 2016 and 2015, respectively (2)	—		(5.9		)
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income, net of tax of $3.6 and $6.7 for the three months ended March 31, 2016 and 2015, respectively (3)	6.3		11.7
Total pension and other postretirement benefits, net of tax of $3.6 and $2.0 for the three months ended March 31, 2016 and 2015, respectively	6.3		5.8
Other comprehensive income (loss), net of tax	63.3		(33.4		)
Comprehensive income (loss)	$	112.0	$	(78.9	)
Less: Comprehensive income attributable to the noncontrolling interest	0.5		1.3
Comprehensive income (loss) attributable to FMC stockholders	$	111.5	$	(80.2	)

____________________ 

(1) Income taxes are not provided on the equity in undistributed earnings of our foreign subsidiaries or affiliates since it is our intention that such earnings will remain invested in those affiliates permanently.

(2) At December 31st of each year, we remeasure our pension and postretirement plan obligations at which time we record any actuarial gains (losses) and prior service (costs) credits to other comprehensive income. The interim adjustments noted above typically reflect the foreign currency translation impacts from the unrealized actuarial gains (losses) and prior service (costs) credits related to our foreign pension and postretirement plans. The amounts for the three months ended March 31, 2015 include adjustments to comprehensive income as the results of the disposal of our FMC Alkali Chemicals division. This disposal triggered a curtailment of our U.S. pension plans. See Note 14 for more information.

(3) For more detail on the components of these reclassifications and the affected line item in the condensed consolidated statements of income (loss) see Note 13.

4

FMC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in Millions, Except Share and Par Value Data)	March 31, 2016			December 31, 2015
ASSETS	(unaudited)
Current assets
Cash and cash equivalents	$	64.3		$	78.6
Trade receivables, net of allowance of $17.5 in 2016 and $13.9 in 2015	1,769.2			1,851.4
Inventories	854.9			800.2
Prepaid and other current assets	266.8			241.7
Total current assets	$	2,955.2		$	2,971.9
Investments	2.8			2.5
Property, plant and equipment, net	1,027.8			1,016.4
Goodwill	800.7			776.1
Other intangibles, net	869.8			837.0
Other assets including long-term receivables, net	451.5			435.1
Deferred income taxes	282.6			286.9
Total assets	$	6,390.4		$	6,325.9
LIABILITIES AND EQUITY
Current liabilities
Short-term debt and current portion of long-term debt	$	114.2		$	112.6
Accounts payable, trade and other	516.4			403.6
Advance payments from customers	51.0			249.9
Accrued and other liabilities	317.7			337.6
Accrued customer rebates	336.2			256.1
Guarantees of vendor financing	80.8			67.2
Accrued pension and other postretirement benefits, current	6.4			6.4
Income taxes	28.6			19.9
Total current liabilities	$	1,451.3		$	1,453.3
Long-term debt, less current portion	1,986.2			2,036.3
Accrued pension and other postretirement benefits, long-term	187.5			194.2
Environmental liabilities, continuing and discontinued	277.1			281.8
Deferred income taxes	181.9			173.2
Other long-term liabilities	303.1			278.8
Commitments and contingent liabilities (Note 17)
Equity
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued in 2016 or 2015	—			—
Common stock, $0.10 par value, authorized 260,000,000 shares; 185,983,792 issued shares at 2016 and 2015	18.6			18.6
Capital in excess of par value of common stock	422.2			417.7
Retained earnings	3,411.1			3,385.0
Accumulated other comprehensive income (loss)	(394.1		)	(457.3		)
Treasury stock, common, at cost - 2016: 52,232,244 shares, 2015: 52,328,015 shares	(1,497.6		)	(1,498.3		)
Total FMC stockholders’ equity	$	1,960.2		$	1,865.7
Noncontrolling interests	43.1			42.6
Total equity	$	2,003.3		$	1,908.3
Total liabilities and equity	$	6,390.4		$	6,325.9

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

FMC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in Millions)	Three Months Ended March 31
	2016			2015
	(unaudited)
Cash provided (required) by operating activities of continuing operations:
Net income (loss)	$	48.7		$	(45.5	)
Discontinued operations	6.1			(15.6		)
Income (loss) from continuing operations	$	54.8		$	(61.1	)
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:
Depreciation and amortization	33.6			22.8
Equity in (earnings) loss of affiliates	—			0.1
Restructuring and other charges (income)	12.4			22.3
Deferred income taxes	(1.2		)	29.3
Pension and other postretirement benefits	3.8			10.7
Share-based compensation	6.2			4.5
Excess tax benefits from share-based compensation	(0.3		)	(1.7		)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:
Trade receivables, net	83.3			52.5
Guarantees of vendor financing	29.7			17.3
Inventories	(53.8		)	(50.0		)
Accounts payable	123.2			(35.6		)
Advance payments from customers	(199.2		)	(165.9		)
Accrued customer rebates	79.4			87.6
Income taxes	24.3			(78.1		)
Pension and other postretirement benefit contributions	(2.1		)	(27.4		)
Environmental spending, continuing, net of recoveries	(2.7		)	(3.0		)
Restructuring and other spending	(8.1		)	(3.0		)
Change in other operating assets and liabilities, net (1)	(76.1		)	(126.2		)
Cash provided (required) by operating activities of continuing operations	$	107.2		$	(304.9	)
Cash provided (required) by operating activities of discontinued operations:
Environmental spending, discontinued, net of recoveries	(3.6		)	—
Other discontinued reserves	(3.3		)	—
Operating activities of discontinued operations, net of recoveries	—			7.7
Cash provided (required) by operating activities of discontinued operations	$	(6.9	)	$	7.7

(1) Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities, including guarantees issued to vendors under our vendor finance program. Additionally, the March 31, 2015 change is impacted by a $93.8 million reduction in the Cheminova acquisition hedge liability. Total cash payments during the three months ended March 31, 2015 associated with the Cheminova acquisition hedges were $273.8 million, which includes $180.1 million that were accrued and paid within the period.

The accompanying notes are an integral part of these condensed consolidated financial statements.

(continued)

6

FMC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(in Millions)	Three Months Ended March 31
	2016			2015
	(unaudited)
Cash provided (required) by investing activities of continuing operations:
Capital expenditures	$	(41.8	)	$	(36.9	)
Proceeds from disposal of property, plant and equipment	0.1			0.3
Other investing activities	(2.8		)	(17.6		)
Cash provided (required) by investing activities of continuing operations	$	(44.5	)	$	(54.2	)
Cash provided (required) by investing activities of discontinued operations:
Other discontinued investing activities	—			(15.6		)
Cash provided (required) by investing activities of discontinued operations	$	—		$	(15.6	)
Cash provided (required) by financing activities of continuing operations:
Increase (decrease) in short-term debt	2.4			383.0
Repayments of long-term debt	(50.3		)	(0.4		)
Financing fees	(0.7		)	—
Issuances of common stock, net	0.6			3.5
Excess tax benefits from share-based compensation	0.3			1.7
Dividends paid (2)	(22.1		)	(20.1		)
Other repurchases of common stock	(1.2		)	(2.9		)
Cash provided (required) by financing activities of continuing operations	$	(71.0	)	$	364.8
Effect of exchange rate changes on cash and cash equivalents	0.9			(2.1		)
Increase (decrease) in cash and cash equivalents	(14.3		)	(4.3		)
Cash and cash equivalents, beginning of period	78.6			109.5
Cash and cash equivalents, end of period	$	64.3		$	105.2

(2) See Note 13 regarding quarterly cash dividend.

Supplemental disclosure of cash flow information: Cash paid for interest, net of capitalized interest was $23.7 million and $18.0 million, and income taxes paid, net of refunds were $8.0 million and $11.1 million for the three months ended March 31, 2016 and 2015, respectively. Non-cash additions to property, plant and equipment were $9.1 million and $5.5 million for the three months ended March 31, 2016 and 2015.

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited)

Note 1: Financial Information and Accounting Policies

In our opinion the condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applicable to interim period financial statements and reflect all adjustments necessary for a fair statement of results of operations and cash flows for the three months ended March 31, 2016 and 2015, and our financial positions as of March 31, 2016 and December 31, 2015. All such adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the Notes. The results of operations for the three months ended March 31, 2016 and 2015 are not necessarily indicative of the results of operations for the full year. The condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015, and the related condensed consolidated statements of income (loss), condensed consolidated statements of comprehensive income (loss) and condensed consolidated statements of cash flows for the three months ended March 31, 2016 and 2015, have been reviewed by our independent registered public accountants. The review is described more fully in their report included herein. Our accounting policies are set forth in detail in Note 1 to the consolidated financial statements included with our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2015 (the “2015 10-K”).

Note 2: Recently Issued and Adopted Accounting Pronouncements and Regulatory Items

New accounting guidance and regulatory items

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-09, Compensation - Stock Compensation (Topic 718) (“ASU 2016-09”). ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The new standard is effective for fiscal year beginning after December 15, 2016, including interim periods within those fiscal years (i.e. a January 1, 2017 effective date).  We are evaluating the effect the guidance will have on our consolidated financial statements.

In February 2016, the FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842).  Under the new guidance, lessees will be required to recognize for all leases (with the exception of short-term leases) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.  The new standard is effective for fiscal year beginning after December 15, 2018, including interim periods within those fiscal years (i.e. a January 1, 2019 effective date).  We are evaluating the effect the guidance will have on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments--Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income.  We are evaluating the effect the guidance will have on our consolidated financial statements. 

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This guidance will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. We intend to adopt this standard for interim and annual periods beginning after December 15, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. In 2016, the FASB issued final amendments to clarify the implementation guidance for principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. We are evaluating the effect that ASU 2014-09 and subsequent amendments will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

8

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Recently adopted accounting guidance

In April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in Cloud Computing Arrangements, whichprovides guidance to determine when a customer's fees paid in a cloud computing arrangement include a software license. If a cloud computing arrangement includes a software license. the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If the arrangement does not include a software license, the customer should account for a cloud computing arrangement as a service contract. The new standard was effective for annual reporting periods beginning after December 15, 2015 (i.e. January 1, 2016) and entities may elect to adopt the ASU prospectively or retrospectively. We have adopted the standard prospectively. There was no impact on our financial condition, results of operations or cash flows as a result of the adoption of this guidance.

Note 3: Acquisitions

Cheminova A/S

On April 21, 2015, pursuant to the terms and conditions set forth in the Purchase Agreement, we completed the acquisition of 100 percent of the outstanding equity of Cheminova A/S, a Denmark Aktieselskab ("Cheminova") from Auriga Industries A/S, a Denmark Aktieselskab for an aggregate purchase price of $1.2 billion, excluding assumed net debt and hedged-related costs totaling $0.6 billion (the “Acquisition”). The Acquisition was funded with the October 10, 2014 term loan which was secured for the purposes of the Acquisition.

Cheminova is being integrated into our FMC Agricultural Solutions segment and has been included within our results of operations since the date of acquisition. The acquisition of Cheminova broadens our supply capabilities and strengthens our geographic footprint, particularly in Europe.

Purchase Price Allocation

The acquisition of Cheminova has been accounted for under the GAAP business combinations accounting guidance, and as such we have applied acquisition accounting. Acquisition accounting requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date. The aggregate purchase price noted above was allocated to the major categories of assets acquired and liabilities assumed based upon their estimated fair values at the Acquisition date using primarily Level 2 and Level 3 inputs (see Note 16 for an explanation of Level 2 and 3 inputs). These Level 2 and Level 3 valuation inputs include an estimate of future cash flows and discount rates. Additionally, estimated fair values are based, in part, upon outside preliminary appraisals for certain assets, including specifically-identified intangible assets.

The purchase price allocation is considered complete as of March 31, 2016. The allocation was subject to change within the measurement period (up to one year from the acquisition date) as additional information concerning final asset and liability valuations was obtained. Any changes to the initial allocation are referred to as measurement-period adjustments. Measurement-period adjustments since the filing of our 2015 Form 10-K were primarily related to decreases in the estimated fair values of certain current assets, property, plant and equipment and income taxes payable. These decreases were offset by increases in current liabilities, intangible assets and deferred income taxes. The effect of all measurement-period adjustments in the first quarter resulted in an increase to recognized goodwill of approximately $20 million.

The following table summarizes the consideration paid for Cheminova and the amounts of the assets acquired and liabilities assumed as of the acquisition date.

9

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Purchase Price Allocation
(in Millions)
Trade receivables	$	488.1
Inventories (1)	362.4
Other current assets	53.6
Property, plant & equipment	186.4
Intangible assets (2)
Customer relationships	294.1
Brands	362.8
In-process research & development	1.4
Goodwill (3)	468.8
Other assets	84.5
Total fair value of assets acquired	$	2,302.1
Short-term debt	140.5
Other current liabilities	432.3
Environmental reserves	47.2
Long-term debt (4)	273.1
Deferred tax liabilities	165.1
Other liabilities	38.8
Total fair value of liabilities assumed	1,097.0
Total cash paid, less cash acquired	$	1,205.1

____________________ 

(1) Fair value of finished goods inventory acquired included a step-up in the value of approximately $57.8 million, all of which was expensed in 2015 and included in "Cost of sales and services" on the condensed consolidated income statement.

(2) The weighted average useful life of the acquired finite-lived intangibles, which primarily represents the customer relationships, is approximately 20 years.

(3) Goodwill largely consists of expected cost synergies and economies of scale resulting from the business combination. None of the acquired goodwill will be deductible for income tax purposes.

(4) Long-term debt assumed primarily consisted of mortgage debt and borrowings under existing Cheminova credit facilities that were settled by FMC’s term loan in the second quarter of 2015.

Unaudited Pro Forma Financial Information

The following unaudited pro forma results of operations assume that the Acquisition occurred at the beginning of the periods presented. The pro forma amounts include certain adjustments, including interest expense on the borrowings utilized to complete the acquisition, depreciation and amortization expense and income taxes. The pro forma amounts for the three month period below exclude acquisition-related charges. The pro forma results do not include adjustments related to cost savings or other synergies that are anticipated as a result of the Acquisition. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been if the acquisition had occurred as of January 1, 2015, nor are they indicative of future results of operations.

	Three Months Ended March 31
(in Millions)	2016		2015
Pro forma Revenue (1)	$	798.8	$	963.0
Pro forma Diluted earnings per share (1)	$	0.36	$	0.55

____________________ 

(1) For the three month ended March 31, 2016, pro forma results and actual results are the same.

10

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Acquisition-related charges

Pursuant to GAAP, costs incurred to complete the Acquisition as well as costs incurred to integrate Cheminova into our operations are expensed as incurred. The following table summarizes the costs incurred associated with these combined activities.

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges
Legal and professional fees (1)	$	7.4	$	10.6
(Gain)/loss on hedging purchase price (2)	—		180.1
Total Acquisition-related charges	$	7.4	$	190.7
Restructuring charges and asset disposals
Cheminova restructuring	3.0		—
Total Cheminova restructuring charges (3)	$	3.0	$	—

____________________ 

(1) Represents transaction costs, costs for transitional employees, other acquired employees related costs and integration-related legal and professional third-party fees. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

(2) See "Cheminova Acquisition Hedge Costs" below for more information on these charges. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

(3) See Note 8 for more information. These charges are recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss).

Cheminova Acquisition Hedge Costs

Pursuant to the terms and conditions set forth in the Purchase Agreement, we agreed to acquire all of the outstanding equity of Cheminova from Auriga for an aggregate purchase price of $8.5 billion Danish krone ("DKK"). At the time we entered into the Purchase Agreement, the U.S. dollar ("USD" or “$”) to DKK exchange rate was USD $1.00 to DKK $5.77, resulting in a USD purchase price of $1.47 billion, excluding assumed debt of approximately $0.3 billion. In order to minimize our exposure to adverse changes in the USD to DKK exchange rate from September 8, 2014 to April 21, 2015 (the acquisition close date), we entered into a series of foreign currency forward contracts ("FX forward contracts"). The FX forward contracts provided us the ability to fix the USD to DKK exchange rate for most of the DKK $8.5 billion purchase price, thereby limiting our exposure to foreign currency rate fluctuations. Over the period from September 2014 to April 21, 2015 the USD strengthened against the DKK by approximately 21 percent to an exchange rate of USD $1.00 to DKK $6.96. The strengthening of the USD against the DKK results in a lower USD purchase price for Cheminova. Partially offsetting this was a mark-to-market net loss settlement on the FX forward contracts of $180.1 million through the first quarter of 2015.

Note 4: Goodwill and Intangible Assets

The changes in the carrying amount of goodwill by business segment are presented in the table below:

(in Millions)	FMC Agricultural Solutions		FMC Health and Nutrition		FMC Lithium		Total
Balance, December 31, 2015	$	479.5	$	296.6	$	—	$	776.1
Acquisitions	—		—		—		—
Purchase price allocation adjustments (See Note 3)	20.4		—		—		20.4
Foreign currency adjustments	—		4.2		—		4.2
Balance, March 31, 2016	$	499.9	$	300.8	$	—	$	800.7

There were no events or circumstances indicating that goodwill might be impaired as of March 31, 2016.

11

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Our intangible assets, other than goodwill, consist of the following:

	March 31, 2016							December 31, 2015
(in Millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	454.9	$	(46.6	)	$	408.3	$	435.5	$	(40.8	)	$	394.7
Patents	2.2		(0.3		)	1.9		2.2		(0.3		)	1.9
Brands (1)	15.6		(3.6		)	12.0		14.2		(2.7		)	11.5
Purchased and licensed technologies	71.5		(30.8		)	40.7		71.0		(29.5		)	41.5
Other intangibles	3.5		(2.2		)	1.3		3.5		(2.2		)	1.3
	$	547.7	$	(83.5	)	$	464.2	$	526.4	$	(75.5	)	$	450.9

Intangible assets not subject to amortization (indefinite life)
Brands (1)	$	404.1				$	404.1	$	384.7				$	384.7
In-process research & development	1.5					1.5		1.4					1.4
	$	405.6				$	405.6	$	386.1				$	386.1
Total intangible assets	$	953.3	$	(83.5	)	$	869.8	$	912.5	$	(75.5	)	$	837.0

(1) Represents trademarks, trade names and know-how.

At March 31, 2016, the finite-lived and indefinite life intangibles were allocated among our business segments as follows:

(in Millions)	Finite-lived		Indefinite Life
FMC Agricultural Solutions	$	394.4	$	390.1
FMC Health and Nutrition	68.7		15.5
FMC Lithium	1.1		—
Total	$	464.2	$	405.6

	Three Months Ended March 31
(in Millions)	2016		2015
Amortization expense	$	7.1	$	2.6

The estimated pre-tax amortization expense for fiscal year 2016 is $31 million and is estimated to be $30 million for each fiscal year from 2017 to 2020. The estimated pre-tax amortization expense may fluctuate due to changes in foreign currency.

Note 5: Receivables

The following table displays a roll forward of the allowance for doubtful trade receivables.

(in Millions)
Balance, December 31, 2014	$	37.2
Additions — charged to expense	5.9
Transfer to long-term allowance	(29.2		)
Balance, December 31, 2015	13.9
Additions — charged to expense	4.8
Net Recoveries and write- offs	(1.2		)
Balance, March 31, 2016	$	17.5

12

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

The company has financing receivables that represent long-term customer receivable balances related to past due accounts which are not expected to be collected within the current year. The net long-term customer receivables were $116.6 million as of March 31, 2016. These long-term customer receivable balances and the corresponding allowance are included in Other assets on the condensed consolidated balance sheet. For these long-term customer receivables, interest is no longer accrued when the receivable is determined to be delinquent and classified as long-term based on the estimated timing of collection.

A portion of these long-term receivables have payment contracts. We have no reason to believe payments will not be made based upon the credit quality of these customers.  Additionally, we also hold significant collateral against these customers including rights to property or other assets as a form of credit guarantee. If the customer does not pay or gives indication that they will not pay, these guarantees allow us to start legal action to block the sale of the customer’s harvest. On an ongoing basis, we continue to evaluate the credit quality of our financing receivables using aging of receivables, collection experience and write-offs, as well as evaluating existing economic conditions, to determine if an additional allowance is necessary.     

The following table displays a roll forward of the allowance for credit losses related to long-term customer receivables.

(in Millions)
Balance, December 31, 2014	$	—
Transfer from allowance for doubtful accounts (see above)	29.2
Net Recoveries and write- offs	—
Balance, December 31, 2015	$	29.2
Additions - charged to expense	2.0
Net Recoveries and write- offs	—
Balance March 31, 2016	$	31.2

Note 6: Inventories

Inventories consisted of the following:

(in Millions)	March 31, 2016			December 31, 2015
Finished goods	$	425.2		$	350.0
Work in process	269.3			275.4
Raw materials, supplies and other	321.2			335.6
First-in, first-out inventory	$	1,015.7		$	961.0
Less: Excess of first-in, first-out cost over last-in, first-out cost	(160.8		)	(160.8		)
Net inventories	$	854.9		$	800.2

Note 7: Property, Plant and Equipment

Property, plant and equipment consisted of the following:

(in Millions)	March 31, 2016			December 31, 2015
Property, plant and equipment	$	1,814.2		$	1,784.6
Accumulated depreciation	(786.4		)	(768.2		)
Property, plant and equipment, net	$	1,027.8		$	1,016.4

Note 8: Restructuring and Other Charges (Income)

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

13

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

	Three Months Ended March 31
(in Millions)	2016		2015
Restructuring charges and asset disposals	$	3.2	$	5.4
Other charges (income), net	9.2		16.9
Total restructuring and other charges	$	12.4	$	22.3

Restructuring charges and asset disposals

Detail on the 2016 restructuring charges and asset disposal activities is provided below. For detail on restructuring activities which commenced prior to 2016, see Note 7 to our consolidated financial statements included with our 2015 Form 10-K.

2016 Restructuring Activities

Cheminova Restructuring

In 2015, we completed the acquisition of Cheminova; see Note 3 for more details. As part of the integration of Cheminova into our existing FMC Agricultural Solutions segment we implemented a restructuring plan. The restructuring plan includes workforce reductions, relocation of current operating locations, lease termination fees and fixed asset accelerated depreciation as well as fixed asset disposal charges at several of our FMC Agricultural Solutions' facilities. In 2016 these restructuring activities continued.

	Restructuring Charges
(in Millions)	Severance and Employee Benefits (1)		Other Charges (Income) (2)			Asset Disposal Charges (3)		Total
Cheminova Restructuring	$	1.8	$	—		$	1.2	$	3.0
Other Items	0.4		(0.2		)	—		0.2
Three months ended March 31, 2016	$	2.2	$	(0.2	)	$	1.2	$	3.2
Health and Nutrition Restructuring	$	0.8	$	0.1		$	1.2	$	2.1
Lithium Restructuring	0.3		—			—		0.3
Other Items	3.3		(0.3		)	—		3.0
Three months ended March 31, 2015	$	4.4	$	(0.2	)	$	1.2	$	5.4

____________________ 

(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 recoveries associated with restructuring.

(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.

14

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

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.

(in Millions)	Balance at 12/31/15 (4)		Change in reserves (2)		Cash payments			Other			Balance at 3/31/16 (3)
Cheminova Restructuring	$	8.7	$	1.8	$	(5.9	)	$	(2.9	)	$	1.7
Other Workforce Related and Facility Shutdowns (1)	6.5		0.2		(2.2		)	(0.5		)	4.0
Restructuring activities related to discontinued operations (4)	0.4		—		—			—			0.4
Total	$	15.6	$	2.0	$	(8.1	)	$	(3.4	)	$	6.1

____________________ 

(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 that impacted our property, plant and equipment balances and are not included in the above tables.

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

(4) Cash spending associated with restructuring activities of discontinued operations is reported within "Other discontinued reserves" on the condensed consolidated statements of cash flows.

Other charges (income), net

	Three Months Ended March 31
(in Millions)	2016			2015
Environmental charges, net	$	6.6		$	1.9
Argentina devaluation	4.2			—
Other items, net	(1.6		)	15.0
Other charges (income), net	$	9.2		$	16.9

Environmental charges, net

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

Argentina Devaluation

On December 17, 2015, the Argentina government initiated actions to significantly devalue its currency. These actions continued into a portion of first quarter of 2016. These actions created an immediate loss associated with the impacts of the remeasurement of our local balance sheet. The loss was attributable to our Lithium and Agricultural Solutions operations. Because of the severity of the event and its immediate impact to our operations in the country, the charge associated with the remeasurement was included within restructuring and other charges in our condensed consolidated income statement during the period.  We believe these actions have ended and do not expect further charges for remeasurement to be included within restructuring and other charges. 

Other items, Net

During 2015, our FMC Agricultural Solutions segment entered into collaboration and license agreements with various third parties for the purpose of obtaining certain technology and intellectual property rights relating to compounds under development. The rights and technology obtained is referred to as in-process research and development and in accordance with GAAP, the amounts paid are expensed as incurred since they were acquired outside of a business combination. We entered into one such arrangement in the first quarter of 2015.

15

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Note 9: Debt

Debt maturing within one year:

(in Millions)	March 31, 2016		December 31, 2015
Short-term foreign debt (1)	$	76.7	$	87.2
Commercial paper (2)	35.7		23.9
Total short-term debt	$	112.4	$	111.1
Current portion of long-term debt	1.8		1.5
Short-term debt and current portion of long-term debt	$	114.2	$	112.6

____________________

(1) At March 31, 2016, the average interest rate on the borrowings was 9.2%. We often provide parent-company guarantees to lending institutions that extend credit to our foreign subsidiaries.

(2) At March 31, 2016, the average interest rate on the borrowings was 0.65%.

Long-term debt:

(in Millions)	March 31, 2016
	Interest Rate Percentage	Maturity Date	March 31, 2016			December 31, 2015
Pollution control and industrial revenue bonds (less unamortized discounts of $0.2 and $0.2, respectively)	0.6-6.5%	2021-2035	$	141.5		$	141.5
Senior notes (less unamortized discount of $1.6 and $1.7, respectively)	3.95-5.2%	2019-2024	998.4			998.3
Term Loan Facility	1.8%	2020	850.0			900.0
Credit Facility (1)	2.9%	2019	—			—
Foreign debt	0-9.3%	2016-2024	10.2			9.9
Debt issuance cost			(12.1		)	(11.9		)
Total long-term debt			$	1,988.0		$	2,037.8
Less: debt maturing within one year			1.8			1.5
Total long-term debt, less current portion			$	1,986.2		$	2,036.3

____________________

(1) Letters of credit outstanding under our Credit Facility totaled $53.6 million and available funds under this facility were $1,410.7 million at March 31, 2016, which reflects borrowings under our commercial paper program.

Covenants

Among other restrictions, our Credit Facility and Term Loan Facility contain financial covenants applicable to FMC and its consolidated subsidiaries related to leverage (measured as the ratio of debt to adjusted earnings) and interest coverage (measured as the ratio of adjusted earnings to interest expense). Our actual leverage for the four consecutive quarters ended March 31, 2016, was 4.0 which is below the maximum leverage of 4.5 at March 31, 2016. Our actual interest coverage for the four consecutive quarters ended March 31, 2016, was 6.7 which is above the minimum interest coverage of 3.5. We were in compliance with all covenants at March 31, 2016.

On March 24, 2016 we amended our Credit Facility and Term Loan Facility. Among other things, the amendments amended the maximum leverage ratio financial covenant.

Note 10: Discontinued Operations

FMC Alkali:

On April 1, 2015, we completed the previously disclosed sale of our FMC Alkali Chemicals division ("ACD") for $1,649.8 million to a wholly owned subsidiary of Tronox Limited ("Tronox"). The sale resulted in approximately $1,198.5 million in after-tax cash proceeds. The sale resulted in a pre-tax gain of $1,080.2 million ($702.1 million net of tax) in 2015.

16

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

The results of our discontinued FMC ACD operations are summarized below:

(in Millions)	Three Months Ended March 31
	2016		2015
Revenue	$	—	$	194.0
Costs of sales and services	—		149.2
Income (loss) from discontinued operations before income taxes (1)	—		19.0
Provision for income taxes	—		0.4
Total discontinued operations of FMC ACD, net of income taxes	$	—	$	18.6
Less: discontinued operations of FMC ACD attributable to noncontrolling interests	$	—	$	—
Discontinued operations of FMC ACD, net of income taxes, attributable to FMC Stockholders	$	—	$	18.6

____________________

(1) For the three months ended March 31, 2016 and 2015, respectively, amounts include zero and $2.2 million of allocated interest expense, zero and $11.3 million of divestiture related charges and zero and $5.3 million of a pension curtailment charge. Interest was allocated in accordance with relevant discontinued operations accounting guidance.

In addition to our discontinued FMC Alkali Chemicals division, our other discontinued operations include adjustments to retained liabilities. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities.

Our discontinued operations comprised the following:

(in Millions)	Three Months Ended March 31
	2016			2015
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $0.9 and ($0.3) for the three months ended March 31, 2016 and 2015, respectively	$	(0.4	)	$	(2.5	)
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $1.2 and $1.9 for the three months ended March 31, 2016 and 2015, respectively (1)	(3.0		)	(0.6		)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $1.6 and ($0.1) for the three months ended March 31, 2016 and 2015, respectively	(2.7		)	0.1
Discontinued operations of FMC Alkali Chemicals, net of income tax benefit (expense) of zero and ($0.4) for the three months ended March 31, 2016 and 2015, respectively	—			18.6
Discontinued operations, net of income taxes	$	(6.1	)	$	15.6

____________________

(1) See a roll forward of our environmental reserves, as well as, discussion on significant environmental issues that occurred during the 2016 in Note 11.

Note 11: Environmental Obligations

We have reserves for potential environmental obligations which management considers probable and which management can reasonably estimate. The table below is a roll forward of our total environmental reserves, continuing and discontinued:

17

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

(in Millions)	Gross			Recoveries (3)			Net
Total environmental reserves at December 31, 2015	$	348.2		$	(7.3	)	$	340.9
Provision/(benefit)	12.6			—			12.6
(Spending)/recoveries	(6.3		)	—			(6.3		)
Foreign currency translation adjustments	1.8			—			1.8
Net change	8.1			—			8.1
Total environmental reserves at March 31, 2016	$	356.3		$	(7.3	)	$	349.0
Environmental reserves, current (1)	76.0			(4.1		)	71.9
Environmental reserves, long-term (2)	280.3			(3.2		)	277.1
Total environmental reserves at March 31, 2016	$	356.3		$	(7.3	)	$	349.0

____________________

(1) These amounts are included within "Accrued and other liabilities" on the condensed consolidated balance sheets.

(2) These amounts are included in “Environmental liabilities, continuing and discontinued” on the condensed consolidated balance sheets.

(3) These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the condensed consolidated balance sheets.

The estimated reasonably possible environmental loss contingencies, net of expected recoveries, exceed amounts accrued by approximately $230 million at March 31, 2016. This reasonably possible estimate is based upon information available as of the date of the filing but the actual future losses may be higher given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of potentially responsible parties, technology and information related to individual sites. Potential environmental obligations that have not been reserved may be material to any one quarter's or year's results of operations in the future. However, we believe any such liability arising from such potential environmental obligations is not likely to have a material adverse effect on our liquidity or financial condition as it may be satisfied over many years.

The table below provides a roll forward of our environmental recoveries representing probable realization of claims against insurance carriers and other third parties. These recoveries are recorded as "Other assets" in the condensed consolidated balance sheets.

(in Millions)	12/31/2015		Increase in Recoveries	Cash Received	3/31/2016
Environmental recoveries	$	22.7	1.8	—	$	24.5

Our net environmental provisions relate to costs for the continued cleanup of both continuing and discontinued manufacturing operations from previous years. The net provisions are comprised as follows:

	Three Months Ended March 31
(in Millions)	2016			2015
Environmental provisions, net - recorded to liabilities (1)	$	12.6		$	4.4
Environmental provisions, net - recorded to assets (2)	(1.8		)	—
Environmental provision, net	$	10.8		$	4.4
Continuing operations (3)	6.6			1.9
Discontinued operations (4)	4.2			2.5
Environmental provision, net	$	10.8		$	4.4

____________________

(1) See above roll forward of our total environmental reserves as presented on the condensed consolidated balance sheets.

(2) See above roll forward of our total environmental recoveries as presented on the condensed consolidated balance sheets.

(3) Recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss), see Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.

(4) Recorded as a component of “Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss), see Note 10.

18

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

A more complete description of our environmental contingencies and the nature of our potential obligations are included in Notes 1 and 10 to our consolidated financial statements in our 2015 Form 10-K. See Note 10 to our consolidated financial statements in our 2015 Form 10-K for a description of significant updates to material environmental sites.

Note 12: Earnings Per Share

Earnings per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period on a basic and diluted basis.

Our potentially dilutive securities include potential common shares related to our stock options, restricted stock and restricted stock units. Diluted earnings per share (“Diluted EPS”) considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect. Diluted EPS excludes the impact of potential common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. There were 1.9 million potential common shares excluded from Diluted EPS for the three months ended March 31, 2016. For the three months ended March 31, 2015, we had a net loss from continuing operations attributable to FMC stockholders; as such all 1.6 million potential common shares were excluded from Diluted EPS.

Our non-vested restricted stock awards contain rights to receive non-forfeitable dividends, and thus, are participating securities requiring the two-class method of computing EPS. The two-class method determines EPS by dividing the sum of distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares of common stock outstanding for the period. In calculating the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the weighted average number of shares outstanding during the period.

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

(in Millions, Except Share and Per Share Data)	Three Months Ended March 31
	2016			2015
Earnings (loss) attributable to FMC stockholders:
Continuing operations, net of income taxes	$	54.4		$	(62.4	)
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)
Less: Distributed and undistributed earnings allocable to restricted award holders	(0.2		)	—
Net income (loss) allocable to common stockholders	$	48.1		$	(46.8	)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Shares (in thousands):
Weighted average number of shares of common stock outstanding - Basic	133,802			133,577
Weighted average additional shares assuming conversion of potential common shares	502			—
Shares – diluted basis	134,304			133,577

19

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Note 13: Equity

The table provides a roll forward of equity, equity attributable to FMC stockholders, and equity attributable to noncontrolling interests.

(in Millions, Except Per Share Data)	FMC Stockholders’ Equity			Noncontrolling Interest		Total Equity
Balance at December 31, 2015	$	1,865.7		$	42.6	$	1,908.3
Net income (loss)	48.3			0.4		48.7
Stock compensation plans	6.8			—		6.8
Excess tax benefits from share-based compensation	(0.3		)	—		(0.3		)
Shares for benefit plan trust	(0.1		)	—		(0.1		)
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax (1)	6.3			—		6.3
Net hedging gains/(losses) and other, net of income tax (1)	4.7			—		4.7
Foreign currency translation adjustments (1)	52.2			0.1		52.3
Dividends ($.165 per share)	(22.2		)	—		(22.2		)
Repurchases of common stock	(1.2		)	—		(1.2		)
Balance at March 31, 2016	$	1,960.2		$	43.1	$	2,003.3

____________________

(1) See condensed consolidated statements of comprehensive income (loss).

Accumulated other comprehensive income (loss)

Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.

(in Millions)	Foreign currency adjustments			Derivative Instruments(1)			Pension and other postretirement benefits (2)			Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2015	$	(147.3	)	$	(6.2	)	$	(303.8	)	$	(457.3	)
2016 Activity
Other comprehensive income (loss) before reclassifications (3)	52.2			2.3			—			$	54.5
Amounts reclassified from accumulated other comprehensive income (loss)	—			2.4			6.3			$	8.7
Accumulated other comprehensive income (loss), net of tax at March 31, 2016	$	(95.1	)	$	(1.5	)	$	(297.5	)	$	(394.1	)

(in Millions)	Foreign currency adjustments			Derivative Instruments (1)			Pension and other postretirement benefits (2)			Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2014	$	(50.4	)	$	(3.9	)	$	(321.5	)	$	(375.8	)
2015 Activity
Other comprehensive income (loss) before reclassifications (3)	(39.7		)	2.3			(5.9		)	$	(43.3	)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(1.8		)	11.7			$	9.9
Accumulated other comprehensive income (loss), net of tax at March 31, 2015	$	(90.1	)	$	(3.4	)	$	(315.7	)	$	(409.2	)

____________________

(1)     See Note 16 for more information.

(2)    See Note 14 for more information.

(3)    Excludes foreign currency translation adjustments attributable to noncontrolling interests.

20

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Reclassifications of accumulated other comprehensive income (loss)

The table below provides details about the reclassifications from Accumulated Other Comprehensive Income (Loss) and the affected line items in the condensed consolidated statements of income (loss) for each of the periods presented.

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1)						Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Three Months Ended March 31
(in Millions)	2016			2015
Derivative instruments:
Foreign currency contracts	$	(0.9	)	$	8.7		Costs of sales and services
Energy contracts	(0.6		)	(1.3		)	Costs of sales and services
Foreign currency contracts	(2.1		)	(4.4		)	Selling, general and administrative expenses
Total before tax	(3.6		)	3.0
	1.2			(1.2		)	Provision for income taxes
Amount included in net income	$	(2.4	)	$	1.8
Pension and other postretirement benefits (2):
Amortization of prior service costs	$	(0.2	)	$	(0.4	)	Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)	(9.7		)	(12.7		)	Selling, general and administrative expenses
Recognized loss due to settlement and curtailment	—			(5.3		)	Selling, general and administrative expenses (3)
Total before tax	$	(9.9	)	$	(18.4	)
	3.6			6.7			Provision for income taxes
Amount included in net income	(6.3		)	(11.7		)
Total reclassifications for the period	$	(8.7	)	$	(9.9	)	Amount included in net income

____________________

(1) Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss).

(2) Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 14.

(3) The loss due to curtailment for the three months ended March 31, 2015 related to the disposal of our FMC Alkali Chemicals division and was recorded to "Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss).

Dividends and Share Repurchases

For the three months ended March 31, 2016 and 2015, we paid $22.1 million and $20.1 million, respectively. On April 21, 2016, we paid dividends totaling $22.2 million to our shareholders of record as of March 31, 2016. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheet as of March 31, 2016.

During the three months ended March 31, 2016, no shares were repurchased under the publicly announced repurchase program. At March 31, 2016, $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.

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FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Note 14: Pensions and Other Postretirement Benefits

The following table summarizes the components of net annual benefit cost (income):

(in Millions)	Three Months Ended March 31
	Pensions						Other Benefits
	2016			2015			2016			2015
Components of net annual benefit cost (income):
Service cost	$	2.6		$	4.1		$	—		$	—
Interest cost	12.7			15.4			0.2			0.3
Expected return on plan assets	(21.9		)	(22.2		)	—			—
Amortization of prior service cost (credit)	0.2			0.3			—			0.1
Recognized net actuarial and other (gain) loss	10.3			12.9			(0.3		)	(0.2		)
Recognized loss due to curtailment (1)	—			4.8			—			0.5
Net periodic benefit cost (2)	$	3.9		$	15.3		$	(0.1	)	$	0.7

____________________

(1) Curtailment loss is associated with the disposal of our FMC Alkali Chemicals division and was recorded to discontinued operations within the condensed consolidated statements of income (loss).

(2) Net periodic benefit cost represents both continuing and discontinued operations.

We did not make any voluntary cash contributions to our U.S. defined benefit pension plan in the three months ended March 31, 2016. We made voluntary cash contributions to our U.S. defined benefit pension plan in the three months ended March 31, 2015 of $25.0 million. We expect to make approximately $35.0 million in voluntary cash contributions to our U.S. defined benefit pension plan during 2016.

Note 15: Income Taxes

We determine our interim tax provision using an Estimated Annual Effective Tax Rate methodology (“EAETR”) in accordance with GAAP. The EAETR is applied to the year-to-date ordinary income, exclusive of discrete items. The tax effects of discrete items are then included to arrive at the total reported interim tax provision.

The determination of the EAETR is based upon a number of estimates, including the estimated annual pretax ordinary income in each tax jurisdiction in which we operate. As our projections of ordinary income change throughout the year, the EAETR will change period-to-period. The tax effects of discrete items are recognized in the tax provision in the period they occur in accordance with GAAP. Depending on various factors, such as the item’s significance in relation to total income and the rate of tax applicable in the jurisdiction to which it relates, discrete items in any quarter can materially impact the reported effective tax rate. As a global enterprise, our tax expense can be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, as well as other factors. As such, there can be significant volatility in interim tax provisions.

22

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

The below chart provides a reconciliation between our reported effective tax rate and the EAETR.

	Three Months Ended March 31
	2016							2015
(in Millions)	Before Tax		Tax			Effective Tax Rate % Impact		Before Tax			Tax			Effective Tax Rate % Impact
Continuing operations	$	85.7	$	30.9		36.1	%	$	(110.2	)	$	(49.1	)	44.6	%
Discrete items:
Acquisition-related charges (1)	—		—					190.7			70.3
Currency remeasurement (2)	2.3		0.5					6.3			(2.8		)
Other discrete items (3)	51.0		1.4					21.8			7.3
Tax only discrete items (4)	—		(2.9		)			—			3.0
Total discrete items	$	53.3	$	(1.0	)			$	218.8		$	77.8
Continuing operations, before discrete items	$	139.0	$	29.9				$	108.6		$	28.7
Quarterly effect of changes in the EAETR (5)						21.5	%							26.4	%

___________________ 

(1) Due to the nature of acquisition-related charges incurred in the first quarter of 2016, these charges are not treated discretely in accordance with GAAP. As such, the amounts differ from total acquisition-related charges as presented in Note 3. Acquisition-related charges for the three months ended March 31, 2015 are primarily taxed at domestic tax rates resulting in a material tax benefit. The acquisition-related charges are comprised of legal and professional fees and a loss incurred from hedging activity associated with the purchase price of Cheminova. See Note 3 for more information. As noted in footnote (2), below, hedge gains or losses are treated discretely for tax purposes.

(2) Represents transaction gains or losses for currency remeasurement, offset by the associated hedge gains or losses. Certain transaction gains or losses are considered non-taxable permanent items and their associated hedge gain or losses are treated discretely for tax purposes.

(3) In accordance with GAAP, subsidiaries for which a full valuation allowance has been provided generally are not accounted for as a component of the EAETR. For the three months ended March 31, 2016, the Other discrete items component of the EAETR reconciliation primarily relates to the impact of excluding these pretax losses. For the three months ended March 31, 2015, the Other discrete items primarily related to restructuring and IPR&D.

(4) Includes the tax effect of currency remeasurement associated with our foreign statutory operations that, in accordance with GAAP income tax accounting guidance, is treated discretely for tax purposes.

(5) The decrease in the EAETR is primarily driven by lower current year projected domestic earnings. Further, domestic tax legislation enacted during the fourth quarter of 2015 has decreased the amount of projected domestic tax expense for the three months ended March 31, 2016, as compared to the first quarter of 2015.

Note 16: Financial Instruments, Risk Management and Fair-Value Measurements

Our financial instruments include cash and cash equivalents, trade receivables, other current assets, certain receivables classified as other long-term assets, accounts payable, and amounts included in investments and accruals meeting the definition of financial instruments. The carrying value of these financial instruments approximates their fair value. Our other financial instruments include the following:

Financial Instrument	Valuation Method
Foreign exchange forward contracts	Estimated amounts that would be received or paid to terminate the contracts at the reporting date based on current market prices for applicable currencies.
Commodity forward and option contracts	Estimated amounts that would be received or paid to terminate the contracts at the reporting date based on quoted market prices for applicable commodities.
Debt	Our estimates and information obtained from independent third parties using market data, such as bid/ask spreads for the last business day of the reporting period.

The estimated fair value of the financial instruments in the above table have been determined using standard pricing models which take into account the present value of expected future cash flows discounted to the balance sheet date. These standard pricing

23

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

models, utilize inputs derived from or corroborated by observable market data such as interest rate yield curves and currency and commodity spot and forward rates. In addition, we test a subset of our valuations against valuations received from the transaction's counterparty to validate the accuracy of our standard pricing models. Accordingly, the estimates presented may not be indicative of the amounts that we would realize in a market exchange at settlement date and do not represent potential gains or losses on these agreements. The estimated fair values of foreign exchange forward contracts and commodity forward and option contracts are included in the tables within this Note. The estimated fair value of debt is $2,194.8 million and $2,214.0 million and the carrying amount is $2,100.4 million and $2,148.9 million as of March 31, 2016 and December 31, 2015, respectively.

We enter into various financial instruments with off-balance-sheet risk as part of the normal course of business. These off-balance-sheet instruments include financial guarantees and contractual commitments to extend financial guarantees under letters of credit, and other assistance to customers see Note 17 for more information. Decisions to extend financial guarantees to customers, and the amount of collateral required under these guarantees is based on our evaluation of creditworthiness on a case-by-case basis.

Use of Derivative Financial Instruments to Manage Risk

We mitigate certain financial exposures, including currency risk, commodity purchase exposures and interest rate risk, through a program of risk management that includes the use of derivative financial instruments. We enter into foreign exchange contracts, including forward and purchased options contracts, to reduce the effects of fluctuating foreign currency exchange rates. A detailed description of these risks including a discussion on the concentration of credit risk is provided in Note 17 to our consolidated financial statements on our 2015 Form 10-K.

We formally document all relationships between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes relating derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. We also assess both, at the inception of the hedge and on an ongoing basis, whether each derivative is highly effective in offsetting changes in fair values or cash flows of the hedged item. If we determine that a derivative is not highly effective as a hedge, or if a derivative ceases to be a highly effective hedge, we discontinue hedge accounting with respect to that derivative prospectively.

Accounting for Derivative Instruments and Hedging Activities

Cash Flow Hedges

We recognize all derivatives on the balance sheet at fair value. On the date the derivative instrument is entered into, we generally designate the derivative as a hedge of the variability of cash flows to be received or paid related to a forecasted transaction (cash flow hedge). We record in AOCI changes in the fair value of derivatives that are designated as and meet all the required criteria for a cash flow hedge. We then reclassify these amounts into earnings as the underlying hedged item affects earnings. In contrast, we immediately record in earnings changes in the fair value of derivatives that are not designated as cash flow hedges.

As of March 31, 2016, we had open foreign currency forward contracts in AOCI in a net after tax loss position of $1.2 million designated as cash flow hedges of underlying forecasted sales and purchases. Current open contracts hedge forecasted transactions until March 15, 2017. At March 31, 2016, we had open forward contracts designated as cash flow hedges with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $419 million.

As of March 31, 2016, we had current open commodity contracts in AOCI in a net after tax loss position of $1.6 million designated as cash flow hedges of underlying forecasted purchases, primarily related to natural gas. Current open commodity contracts hedge forecasted transactions until December 31, 2017. At March 31, 2016, we had an equivalent of 1.9 million mmBTUs (millions of British Thermal Units) in aggregate notional volume of outstanding natural gas commodity forward contracts to hedge forecasted purchases.

Of the $2.8 million of net losses after-tax, representing both open foreign currency exchange contracts and commodity contracts, approximately $2.8 million of these losses would be realized in earnings during the twelve months ending March 31, 2017 and $0.0 million of net losses would be realized subsequent to March 31, 2017, if spot rates in the future are consistent with forward rates as of March 31, 2016. The actual effect on earnings will be dependent on the actual spot rates when the forecasted transactions occur.

Derivatives Not Designated As Hedging Instruments

We hold certain forward contracts that have not been designated as cash flow hedging instruments for accounting purposes. Contracts used to hedge the exposure to foreign currency fluctuations associated with certain monetary assets and liabilities are not designated as cash flow hedging instruments, and changes in the fair value of these items are recorded in earnings. We occasionally hold call options that are effective as economic hedges of a portion of our natural gas exposure and the change in fair value of this instrument is also recorded in earnings. We periodically hold soybean barter contracts which qualify as derivatives

24

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

and we have entered into offsetting commodity contracts to hedge our exposure. Both the change in fair value of the soybean barter contracts and the offsetting commodity contracts are recorded in earnings.

We had open forward contracts not designated as cash flow hedging instruments for accounting purposes with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $1,889 million at March 31, 2016.

Fair-Value of Derivative Instruments

The following tables provide the gross fair value and net balance sheet presentation of our derivative instruments.

	March 31, 2016
	Gross Amount of Derivatives
(in Millions)	Designated as Cash Flow Hedges			Not Designated as Hedging Instruments			Total Gross Amounts			Gross Amounts Offset in the Consolidated Balance Sheet (3)			Net Amounts
Derivatives
Foreign exchange contracts	$	6.0		$	0.5		$	6.5		$	(6.5	)	$	—
Energy contracts	0.1			—			0.1			(0.1		)	—
Total derivative assets (1)	6.1			0.5			6.6			(6.6		)	—
Foreign exchange contracts	(10.1		)	(30.0		)	(40.1		)	6.5			(33.6		)
Energy contracts	(2.4		)	—			(2.4		)	—			(2.4		)
Total derivative liabilities (2)	(12.5		)	(30.0		)	(42.5		)	6.5			(36.0		)
Net derivative assets/(liabilities)	$	(6.4	)	$	(29.5	)	$	(35.9	)	$	(0.1	)	$	(36.0	)
	December 31, 2015
	Gross Amount of Derivatives
(in Millions)	Designated as Cash Flow Hedges			Not Designated as Hedging Instruments			Total Gross Amounts			Gross Amounts Offset in the Consolidated Balance Sheet (3)			Net Amounts
Derivatives
Foreign exchange contracts	$	6.1		$	5.2		$	11.3		$	(11.3	)	$	—
Energy contracts	—			—			—			—			—
Total derivative assets (1)	6.1			5.2			11.3			(11.3		)	—
Foreign exchange contracts	(15.4		)	(7.3		)	(22.7		)	11.3			(11.4		)
Energy contracts	(2.0		)	—			(2.0		)	—			(2.0		)
Total derivative liabilities (2)	(17.4		)	(7.3		)	(24.7		)	11.3			(13.4		)
Net derivative assets/(liabilities)	$	(11.3	)	$	(2.1	)	$	(13.4	)	$	—		$	(13.4	)

____________________

(1) Net balance is included in “Prepaid and other current assets” in the condensed consolidated balance sheets.

(2) Net balance is included in “Accrued and other liabilities” in the condensed consolidated balance sheets.

(3) Represents net derivatives positions subject to master netting arrangements.

25

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

The tables below summarize the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments.

Derivatives in Cash Flow Hedging Relationships

	Three Months Ended March 31
	Contracts
	Foreign Exchange					Energy					Total
(in Millions)	2016		2015			2016			2015		2016		2015
Unrealized hedging gains (losses) and other, net of tax	$	2.9	$	0.3		$	(0.6	)	$	2.0	$	2.3	$	2.3
Reclassification of deferred hedging (gains) losses,  net of tax (1)
Effective portion (1)	2.0		(2.6		)	0.4			0.8		2.4		(1.8		)
Total derivative instrument impact on  comprehensive income, net of tax	$	4.9	$	(2.3	)	$	(0.2	)	$	2.8	$	4.7	$	0.5

___________________

(1) See Note 13 for classification of amounts within the condensed consolidated statements of income (loss).

Derivatives Not Designated as Hedging Instruments

	Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Pre-tax Gain or (Loss)  Recognized in Income on Derivatives (1)
		Three Months Ended March 31
(in Millions)		2016		2015
Foreign exchange contracts	Cost of sales and services	$	15.6	$	(4.5	)
	Selling, general & administrative (2)	—		(180.1		)
Total		$	15.6	$	(184.6	)

___________________

(1) Amounts in the columns represent the gain or loss on the derivative instrument offset by the gain or loss on the hedged item.

(2) Charges represent a loss on the Cheminova acquisition hedge. See Note 3 within these condensed consolidated financial statements for more information.

Fair-Value Measurements

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Market participants are defined as buyers or sellers in the principle or most advantageous market for the asset or liability that are independent of the reporting entity, knowledgeable and able and willing to transact for the asset or liability.

Fair-Value Hierarchy

We have categorized our assets and liabilities that are recorded at fair value, based on the priority of the inputs to the valuation technique, into a three-level fair-value hierarchy. The fair-value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the assets and liabilities fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair-value measurement of the instrument.

Recurring Fair-Value Measurements

The following tables present our fair-value hierarchy for those assets and liabilities measured at fair-value on a recurring basis in the condensed consolidated balance sheets. During the periods presented there were no transfers between fair-value hierarchy levels.

26

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

(in Millions)	March 31, 2016		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives – Foreign exchange (1)	$	—	$	—	$	—	$	—
Other (2)	25.3		25.3		—		—
Total assets	$	25.3	$	25.3	$	—	$	—
Liabilities
Derivatives – Commodities:
Energy contracts (1)	$	2.4	$	—	$	2.4	$	—
Derivatives – Foreign exchange (1)	33.6		—		33.6		—
Other (3)	29.5		29.2		0.3		—
Total liabilities	$	65.5	$	29.2	$	36.3	$	—

____________________

(1) See the Fair Value of Derivative Instruments table within this Note for classifications on the condensed consolidated balance sheet.

(2) Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

(3) Consists of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts due are included in “Other long-term liabilities” in the condensed consolidated balance sheets. Level 2 liabilities represent liability-based awards associated with non-employees.

(in Millions)	December 31, 2015		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives – Foreign exchange (1)	$	—	$	—	$	—	$	—
Other (2)	25.4		25.4		—		—
Total assets	$	25.4	$	25.4	$	—	$	—
Liabilities
Derivatives – Commodities:
Energy contracts (1)	$	2.0	$	—	$	2.0	$	—
Derivatives – Foreign exchange (1)	11.4		—		11.4		—
Other (3)	29.1		29.1		—		—
Total liabilities	$	42.5	$	29.1	$	13.4	$	—

____________________

(1) See the Fair -Value of Derivative Instruments table within this Note for classification on the condensed consolidated balance sheet.

(2) Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

(3) Consist of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts included in “Other long-term liabilities” in the condensed consolidated balance sheets.

27

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Nonrecurring Fair -Value Measurements

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis in the condensed consolidated balance sheets during the year ended December 31, 2015. There were no non-recurring fair value measurements in the condensed consolidated balance sheets during the three months ended March 31, 2016.

(in Millions)	December 31, 2015		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses) (Year Ended December 31, 2015)
Assets
Long-lived assets associated with exit activities (1)	$	35.4	$	—	$	—	$	35.4	$	(70.5	)
Total assets	$	35.4	$	—	$	—	$	35.4	$	(70.5	)

____________________

(1) We recorded charges, within our FMC Health and Nutrition segment, to write down the value of certain long-lived assets of approximately $70.5 million to salvage value in the case of fixed assets and fair value in the case of indefinite lived intangible assets.

Note 17: Guarantees, Commitments, and Contingencies

We continue to monitor the conditions that are subject to guarantees and indemnifications to identify whether a liability must be recognized in our financial statements.

Guarantees and Other Commitments

The following table provides the estimated undiscounted amount of potential future payments for each major group of guarantees at March 31, 2016. These guarantees arise during the ordinary course of business from relationships with customers and nonconsolidated affiliates. Non-performance by the guaranteed party triggers the obligation requiring us to make payments to the beneficiary of the guarantee. Based on our experience these types of guarantees have not had a material effect on our consolidated financial position or on our liquidity. Our expectation is that future payment or performance related to the non-performance of others is considered unlikely.

(in Millions)
Guarantees:
Guarantees of vendor financing - short-term (1)	$	80.8
Guarantees of vendor financing - long-term (1)	35.7
Other debt guarantees (2)	20.1
Total	$	136.6

____________________

(1) Represents guarantees to financial institutions on behalf of certain FMC Agricultural Solutions customers for their seasonal borrowing. This short term amount is recorded on the condensed consolidated balance sheets as “Guarantees of vendor financing.” The long term amount is recorded on the condensed consolidated balance sheet within "Other long term liabilities."

(2) These guarantees represent support provided to third-party banks for credit extended to various FMC Agricultural Solutions customers and nonconsolidated affiliates. The liability for the guarantees is recorded at an amount that approximates fair-value (i.e., representing the stand-ready obligation) based on our historical collection experience and a current assessment of credit exposure. We believe the fair-value of these guarantees is immaterial. The majority of these guarantees have an expiration date of less than one year.

Excluded from the chart above, in connection with our property and asset sales and divestitures, we have agreed to indemnify the buyer for certain liabilities, including environmental contamination and taxes that occurred prior to the date of sale or provided guarantees to third parties relating to certain contracts assumed by the buyer. Our indemnification or guarantee obligations with respect to these liabilities may be indefinite as to duration and may or may not be subject to a deductible, minimum claim amount or cap. As such, it is not possible for us to predict the likelihood that a claim will be made or to make a reasonable estimate of the maximum potential loss or range of loss. If triggered, we may be able to recover some of the indemnity payments from third parties. We have not recorded any specific liabilities for these guarantees.

28

FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

Contingencies

A detailed discussion related to our outstanding contingencies can be found in Note 18 to our consolidated financial statements included within our 2015 Form 10-K.

Note 18: Segment Information

(in Millions)	Three Months Ended March 31
	2016			2015
Revenue
FMC Agricultural Solutions	$	546.1		$	392.4
FMC Health and Nutrition	192.4			211.0
FMC Lithium	60.3			56.0
Total	$	798.8		$	659.4
Income from continuing operations before income taxes
FMC Agricultural Solutions	$	82.0		$	81.8
FMC Health and Nutrition	47.3			51.0
FMC Lithium	14.9			5.5
Segment operating profit	$	144.2		$	138.3
Corporate and other	(16.9		)	(15.3		)
Operating profit before the items listed below	$	127.3		$	123.0
Interest expense, net	(20.8		)	(14.0		)
Restructuring and other (charges) income (1)	(12.4		)	(22.3		)
Non-operating pension and postretirement (charges) income (2)	(1.0		)	(6.2		)
Acquisition-related charges (3)	(7.4		)	(190.7		)
(Provision) benefit for income taxes	(30.9		)	49.1
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income attributable to noncontrolling interests	(0.4		)	(1.3		)
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)

____________________

(1) See Note 8 for details of restructuring and other (charges) income. Below provides the detail the (charges) income by segment:

	Three Months Ended March 31
(in Millions)	2016			2015
FMC Agricultural Solutions	$	(6.6	)	$	(18.3	)
FMC Health and Nutrition	(0.2		)	(2.2		)
FMC Lithium	(0.6		)	(0.3		)
Corporate	(5.0		)	(1.5		)
Restructuring and other (charges) income	$	(12.4	)	$	(22.3	)

(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, 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 the 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 the condensed consolidated statements of income (loss). 

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FMC CORPORATION

Notes to Condensed Consolidated Financial Statements (unaudited) — (Continued)

(3) Charges relate to the expensing of the inventory fair value step-up resulting from the application of purchase accounting, transaction costs, costs for transitional employees, other acquired employee related costs, integration related legal and professional third-party fees and gains or losses on hedging purchase price associated with the planned or completed acquisitions. Amounts represent the following:

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges - Cheminova
Legal and professional fees (1)	$	7.4	$	10.6
Inventory fair value amortization (2)	—		—
(Gain)/loss on hedging purchase price (1)	—		180.1
Acquisition-related charges	$	7.4	$	190.7

____________________

(1) On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.” For more information see Note 3.

(2)    On the condensed consolidated statements of income (loss), these charges are included in “Costs of sales and services.”

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ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Item 2 of this report contains certain forward-looking statements that are based on our current views and assumptions regarding future events, future business conditions and the outlook for our company based on currently available information.

Whenever possible, we have identified these forward-looking statements by such words or phrases as “will likely result”, “is confident that”, "expect", “expects”, “should”, “could”, “may”, “will continue to”, "believe", “believes”, “anticipates”, “predicts”, “forecasts”, “estimates”, “projects”, “potential”, “intends” or similar expressions identifying “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and

unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of

activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the section “Forward-Looking Statements” in Part II of our Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 10-K”) and to similar disclaimers in all other reports and forms filed with the Securities and Exchange Commission (“SEC”). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

We specifically decline to undertake any obligation to publicly revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements are prepared in conformity with U.S. generally accepted accounting principles. The preparation of our financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. We have described our accounting policies in Note 1 to our consolidated financial statements included in our 2015 10-K. We have reviewed these accounting policies, identifying those that we believe to be critical to the preparation and understanding of our consolidated financial statements. We have reviewed these critical accounting policies with the Audit Committee of our Board of Directors. Critical accounting policies are central to our presentation of results of operations and financial condition and require management to make estimates and judgments on certain matters. We base our estimates and judgments on historical experience, current conditions and other reasonable factors.

The following is a list of those accounting policies that we have deemed most critical to the presentation and understanding of our results of operations and financial condition. See the “Critical Accounting Policies” section in our 2015 10-K for a detailed description of these policies and their potential effects on our results of operations and financial condition.

• Revenue recognition and trade receivables

• Environmental obligations and related recoveries

• Impairment and valuation of long-lived assets

• Pensions and other postretirement benefits

• Income taxes

RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS AND REGULATORY ITEMS

See Note 2 to the condensed consolidated financial statements included in this Form 10-Q for a discussion of recently adopted accounting guidance and other new accounting guidance.

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OVERVIEW

We are a diversified chemical company serving agricultural, consumer and industrial markets globally with innovative solutions, applications and market-leading products. We operate in three distinct business segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. Our FMC Agricultural Solutions segment develops, markets and sells all three major classes of crop protection chemicals - insecticides, herbicides and fungicides. These products are used in agriculture to enhance crop yield and quality by controlling a broad spectrum of insects, weeds and disease, as well as in non-agricultural markets for pest control. The FMC Health and Nutrition segment focuses on nutritional ingredients, health excipients, and functional health ingredients. Nutritional ingredients are used to enhance texture, color, structure and physical stability. Health excipients are used for binding, encapsulation and disintegrant applications. Functional health ingredients are used as active ingredients in nutraceutical and pharmaceutical markets. Our FMC Lithium segment manufactures lithium for use in a wide range of lithium products, which are used primarily in energy storage, specialty polymers and chemical synthesis application.

First Quarter 2016 Highlights

The following are the more significant developments in our businesses during the three months ended March 31, 2016:

• Revenue of $798.8 million for the three months ended March 31, 2016 increased $139 million or 21 percent versus the same period last year. The increase in revenue was attributable to FMC Agricultural Solutions and the acquisition of Cheminova, completed in April 2015. A more detailed review of revenues by segment is discussed under the section titled "Results of Operations". On a regional basis, sales in North America decreased 24 percent period the over period while sales in Asia improved by 16 percent, and sales in Latin America increased 21 percent, sales in Europe, Middle East and Africa increased by 160 percent primarily due to the acquisition of Cheminova.

• Our gross margin, excluding acquisition-related charges, increased by approximately $31 million or approximately twelve percent to $281 million versus the prior year's first quarter. Gross margin percent of 35 percent declined from 38 percent. The increase in gross margin was due to higher sales in the first quarter of 2016 due to the Cheminova acquisition. The gross margin percentage decline was driven primarily by unfavorable currency movements.

• Selling, general and administrative expenses, excluding acquisition-related charges and non-operating pension and postretirement charges increased by approximately $17 million or 17 percent to $118 million. The increase was driven primarily by the acquisition of Cheminova which is being integrated into our FMC Agricultural Solutions segment.

• Research and Development expenses of $36 million increased $9 million or 35 percent.

• Adjusted after-tax earnings from continuing operations attributable to FMC stockholders of $78.4 million was essentially flat compared to the prior year amount of $77.7 million. See the disclosure of our Adjusted Earnings Non-GAAP financial measurement below, under the section titled "Results of Operations".

Other Highlights

In our Agricultural Solutions business, we continue to see the benefits of the Cheminova acquisition, which brought greater scale and regional balance to our business, improved our market access and expanded our product portfolio and technology pipeline.

In Health and Nutrition, global demand for our naturally-derived ingredient product lines continues to grow and we remain focused on protecting the business’s high margins through the implementation of Manufacturing Excellence programs, process technology improvements and product differentiation.

In Lithium, we are seeing the benefits of our strategy to grow our business in the technology-driven specialty end markets, where demand continues to accelerate and pricing trends across our portfolio remain favorable.

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RESULTS OF OPERATIONS

Overview

The following presents a reconciliation of our segment operating profit to the net income attributable to FMC stockholders as seen through the eyes of our management. For management purposes, we report the operating performance of each of our business segments based on earnings before interest and income taxes excluding corporate expenses, other income (expense), net and corporate special income/(charges).

SEGMENT RESULTS RECONCILIATION
(in Millions)	Three Months Ended March 31
	2016			2015
Revenue
FMC Agricultural Solutions	$	546.1		$	392.4
FMC Health and Nutrition	192.4			211.0
FMC Lithium	60.3			56.0
Total	$	798.8		$	659.4
Income (loss) from continuing operations before income taxes
FMC Agricultural Solutions	$	82.0		$	81.8
FMC Health and Nutrition	47.3			51.0
FMC Lithium	14.9			5.5
Segment operating profit	$	144.2		$	138.3
Corporate and other	(16.9		)	(15.3		)
Operating profit before the items listed below	$	127.3		$	123.0
Interest expense, net	(20.8		)	(14.0		)
Corporate special (charges) income:
Restructuring and other (charges) income (1)	(12.4		)	(22.3		)
Non-operating pension and postretirement charges (2)	(1.0		)	(6.2		)
Acquisition-related charges (3)	(7.4		)	(190.7		)
(Provision) benefit for income taxes	(30.9		)	49.1
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income attributable to noncontrolling interests	(0.4		)	(1.3		)
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)

____________________

(1) See Note 8 for details of restructuring and other (charges) income. Below provides the detail the (charges) income by segment:

	Three Months Ended March 31
(in Millions)	2016			2015
FMC Agricultural Solutions	$	(6.6	)	$	(18.3	)
FMC Health and Nutrition	(0.2		)	(2.2		)
FMC Lithium	(0.6		)	(0.3		)
Corporate	(5.0		)	(1.5		)
Restructuring and other (charges) income	$	(12.4	)	$	(22.3	)

(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, 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 the 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 the condensed consolidated statements of income (loss). 

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(3) Charges relate to the expensing of the inventory fair value step-up resulting from the application of purchase accounting, transaction costs, costs for transitional employees, other acquired employee related costs, integration related legal and professional third-party fees and gains or losses on hedging purchase price associated with the planned or completed acquisitions. Amounts represent the following:

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges - Cheminova
Legal and professional fees (1)	$	7.4	$	10.6
(Gain)/loss on hedging purchase price (1)	—		180.1
Acquisition-related charges	$	7.4	$	190.7

____________________

(1) On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expenses.” For more information on the loss on purchase price hedge see Note 3 to the condensed consolidated financial statements included within this Form 10-Q.

The following chart, which is provided to assist the readers of our financial statements, depicts certain after-tax charges (gains). These items are excluded by us in the measures we use to evaluate business performance and determine certain performance-based compensation. These after-tax items are discussed in detail within the “Other results of operations” section that follows. Additionally, the chart below discloses our Non-GAAP financial measure “Adjusted after-tax earnings from continuing operations attributable to FMC stockholders” reconciled from the GAAP financial measure “Net income (loss) attributable to FMC stockholders.” We believe that this measure provides useful information about our operating results to investors. We also believe that excluding the effect of restructuring and other income and charges, non-operating pension and postretirement charges, and certain Non-GAAP tax adjustments from operating results and discontinued operations allows management and investors to compare more easily the financial performance of our underlying businesses from period to period. This measure should not be considered as a substitute for net income (loss) or other measures of performance or liquidity reported in accordance with GAAP.

ADJUSTED EARNINGS RECONCILIATION
(in Millions)	Three Months Ended March 31
	2016			2015
Net income (loss) attributable to FMC stockholders (GAAP)	$	48.3		$	(46.8	)
Corporate special charges (income), pre-tax	20.8			219.2
Income tax expense (benefit) on Corporate special charges (income)	(6.4		)	(80.5		)
Corporate special charges (income), net of income taxes	$	14.4		$	138.7
Discontinued operations attributable to FMC Stockholders, net of income taxes	6.1			(15.6		)
Non-GAAP tax adjustments (1)	9.6			1.4
Adjusted after-tax earnings from continuing operations attributable to FMC stockholders (Non-GAAP)	$	78.4		$	77.7

____________________

(1) We exclude the GAAP tax provision, including discrete items, from the Non-GAAP measure of income, and instead include a Non-GAAP tax provision based upon the projected annual Non-GAAP effective tax rate. The GAAP tax provision includes certain discrete tax items including, but are not limited to: income tax expenses or benefits that are not related to ongoing business operations in the current year; unusual or infrequently occurring items; tax adjustments associated with fluctuations in foreign currency remeasurement of certain foreign operations; certain changes in estimates of tax matters related to prior fiscal years; certain changes in the realizability of deferred tax assets; and changes in tax law. Management believes excluding these discrete tax items assists investors and securities analysts in understanding the tax provision and the effective tax rate related to ongoing operations thereby providing investors with useful supplemental information about FMC's operational performance.

In the discussion below, please refer to our chart titled "Segment Results Reconciliation" within the Results of Operations section. All comparisons are between the periods unless otherwise noted.

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Segment Results

For management purposes, segment operating profit is defined as segment revenue less operating expenses (segment operating expenses consist of costs of sales and services, selling, general and administrative expenses and research and development expenses). We have excluded the following items from segment operating profit: corporate staff expense, interest income and expense associated with corporate debt facilities and investments, income taxes, gains (or losses) on divestitures of businesses, restructuring and other charges (income), non-operating pension and postretirement charges, investment gains and losses, loss on extinguishment of debt, asset impairments, Last-in, First-out ("LIFO") inventory adjustments, acquisition-related charges, and other income and expense items.

Information about how each of these items relates to our businesses at the segment level and results by segment is discussed in Note 18 of the condensed consolidated financial statements included within this Form 10-Q and in Note 19 of our consolidated financial statements in our 2015 Form 10-K.

FMC Agricultural Solutions

(in Millions)	Three Months Ended March 31
	2016		2015
Revenue	$	546.1	$	392.4
Operating Profit	82.0		81.8

Three months ended March 31, 2016 vs. 2015

Revenue of $546.1 million increased approximately 39 percent versus the prior year quarter due to the revenue from the Cheminova acquisition.

FMC Agricultural Solutions' operating profit of $82.0 million is flat compared to the year-ago quarter.

Refer to the FMC Agricultural Solutions Proforma Financial Results with Cheminova section below for further discussion.

FMC Agricultural Solutions Pro forma Financial Results with Cheminova

We believe that reviewing our operating results for these interim periods by combining actual and pro forma results for the FMC Agricultural Solutions segment for 2016 and 2015 is more useful in identifying trends in, or reaching conclusions regarding, the overall operating performance of this segment. Our pro forma segment information will include adjustments as if the Cheminova transaction had occurred on January 1, 2015. Our pro forma data will also be adjusted for the effects of acquisition accounting but will not include adjustments for cost related to integration activities, cost savings or synergies that might be achieved by the combined businesses. Pro forma amounts to be presented will not necessarily be indicative of what our results would have been had we operated Cheminova since January 1, 2015, nor our future results.

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FMC Agricultural Solutions Pro Forma Financial Results
	Three Months Ended March 31
(in Millions)	2016		2015
Revenue
Revenue, FMC Agricultural Solutions, as reported (1)	$	546.1	$	392.4
Revenue, Cheminova, pro forma (2)	—		304.1
Pro Forma Combined, Revenue (3)	$	546.1	$	696.5
Operating Profit
Operating Profit, FMC Agricultural Solutions, as reported (1)	$	82.0	$	81.8
Operating Profit, Cheminova, pro forma (2)	—		24.0
Pro Forma Combined, Operating Profit (3)	$	82.0	$	105.8

___________________

(1) As reported amounts are the results of operations of FMC Agricultural Solutions, including the results of the Cheminova acquisition from April 21, 2015 onward.

(2) Cheminova pro forma amounts include the historical results of Cheminova, prior to April 21, 2015. These amounts also include adjustments as if the Cheminova transaction had occurred on January 1, 2015, including the effects of acquisition accounting. The pro forma amounts do not include adjustments for expenses related to integration activities, cost savings or synergies that may have been or may be achieved by the combined segment.

(3) The pro forma combined amounts are not necessarily indicative of what the results would have been had we acquired Cheminova on January 1, 2015 or indicative of future results.

FMC Agricultural Solutions Pro Forma Combined Revenue by Region (1)
	Three Months Ended March 31
(in Millions)	2016		2015
Europe, Middle East and Africa (EMEA) (2)	$	205.3	$	229.8
North America (3)	150.0		229.4
Latin America (4)	101.0		133.8
Asia (5)	89.8		103.5
Total	$	546.1	$	696.5

___________________

(1) The pro forma combined revenue by region amounts are not necessarily indicative of what the results would have been had we acquired Cheminova on January 1, 2015 or indicative of future results.

(2) Decline driven by cold weather in Western Europe partially offset by Central/Eastern Europe demand growth as well as transition to direct market access across the region and synergies from the Cheminova acquisition.

(3) Decline driven by elevated channel inventory levels partially offset by new product introductions.

(4) Decline driven by Brazil where elevated inventory levels remain high.  In Latin America outside of Brazil, export demand was strong and trade conditions in Argentina improved revenue.

(5) Decline driven by poor weather in India and South East Asia partially offset by increasing pesticide demand in China as well as favorable weather conditions in Australia. 

Pro Forma Combined Results - Three months ended March 31, 2016 vs. 2015

Pro forma combined revenue of $546.1 million decreased by approximately 22 percent versus the prior year quarter. Lower volumes impacted revenue negatively by 19 percent while unfavorable currency impacted revenue by four percent. Lower volumes were primarily experienced in North America and Brazil, due to high channel inventories and planned product rationalizations. The actions we took to eliminate certain product sales reduced revenue by approximately $30 million compared to pro forma combined revenue in the first quarter of 2015. The product rationalization had a limited impact on segment earnings.

Pro forma combined operating profit of $82 million decreased approximately 23 percent compared to the year-ago period. Foreign currency contributed 14 percent to the decline in year over year pro forma combined operating profit while the lower volumes described above contributed 31 percent to the decline. Higher pricing partially offset the decline by 9 percent while lower costs, primarily selling, general and administrative combined with lower research and development costs improved

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profits year over year by 13 percent. These lower costs were the result of cost savings driven by synergies associated with the Cheminova acquisition.

Outlook

For 2016, full-year segment revenue is still expected to be approximately $2.3 billion to $2.5 billion and full-year segment earnings are still expected to be in the range of $380 million to $420 million.

Certain Regulatory Issues

A detailed discussion related to regulatory issues impacting FMC Agricultural Solutions can be found in Part II, Item 7 of our 2015 Form 10-K. There have been no material changes related to regulatory issues impacting FMC Agricultural Solutions from the information reported in our 2015 10-K.

FMC Health and Nutrition

(in Millions)	Three Months Ended March 31
	2016		2015
Revenue	$	192.4	$	211.0
Operating Profit	47.3		51.0

Three months ended March 31, 2016 vs. 2015

Revenue of $192.4 million decreased approximately nine percent versus the prior-year quarter. Revenue in the first quarter of 2015 included certain Omega-3 sales which were not repeated in 2016. These sales related principally to pharmaceutical API products and accounted for nine percent of the revenue decline in 2016. Excluding this sales volume, price, volume and impacts of foreign exchange were roughly flat year on year.

Segment operating profit of $47.3 million decreased approximately seven percent versus the year ago quarter. The lower sales volume associated with the Omega-3 sales noted above impacted segment operating profit by 13 percent. Lower operating costs positively impacted results by seven percent.

Outlook

Segment revenue for the full year of 2016 is still anticipated to be approximately $775 million to $825 million, while full-year segment earnings are expected to be between $198 million and $208 million.

FMC Lithium

(in Millions)	Three Months Ended March 31
	2016		2015
Revenue	$	60.3	$	56.0
Operating Profit	14.9		5.5

Three months ended March 31, 2016 vs. 2015

Revenue of $60.3 million increased by approximately eight percent versus the prior-year quarter. Higher volumes, primarily in specialty products contributed 5 percent to the revenue increase while higher pricing, net of minor currency headwinds, impacted revenue favorably by 3 percent. Demand trends across specialty end markets remain strong. Hydroxide demand for energy storage and EV applications continues to grow at double digits.

Segment operating profit of $14.9 million increased $9.4 million versus the year ago quarter. The favorable volume and pricing noted above each impacted results by $2 million. Operating costs were lower by approximately $5 million, driven by manufacturing efficiencies from ongoing process improvements as well as from savings associated with the natural gas pipeline installed in 2015.

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Outlook

Due to the improved forecast for this business, segment earnings are now expected to be between $43 and $53 million for the full year of 2016, an increase of 108 percent over 2015 at the mid-point of the range and $10 million higher than the previous range.

Other Results of Operations

Corporate and other

Corporate and other expenses are included as a component of the line item “Selling, general and administrative expenses” except for LIFO related charges that are included as a component of "Cost of sales and services" on the condensed consolidated statements of income (loss).

Three months ended March 31, 2016 vs. 2015

Corporate and other expenses of $16.9 million in the first quarter of 2016 increased by $1.6 million from $15.3 million in the same period in 2015.

Interest expense, net

Three months ended March 31, 2016 vs. 2015

Interest expense, net for the first quarter of 2016 was $20.8 million as compared to the first quarter of 2015 of $14.0 million. The increase was primarily due to our borrowings that took place in the second quarter of 2015 under the previously announced senior unsecured Term Loan Facility. The proceeds of the borrowing were used to finance the acquisition of Cheminova as well as to pay costs, fees and expenses incurred in connection with the acquisition and the Term Loan Facility.

Corporate special charges (income)

Three months ended March 31, 2016 vs. 2015

Restructuring and other charges (income)

	Three Months Ended March 31
(in Millions)	2016		2015
Restructuring charges and asset disposals	$	3.2	$	5.4
Other charges (income), net	9.2		16.9
Total restructuring and other charges	$	12.4	$	22.3

Restructuring and asset disposal charges in 2016 of $3.2 million were primarily associated with the Cheminova restructuring that was implemented as part of the integration of Cheminova into our existing FMC Agricultural Solutions segment for the quarter. Other charges (income) net in 2016 of $9.2 million were primarily related to $6.6 million of environmental related charges as well as $4.2 million of charges associated with currency devaluation within Argentina as a result of deliberate actions by the government of that country. See Note 8 within the condensed consolidated financial statements included in this Form 10-Q for more information.

Restructuring and asset disposal charges in 2015 of $5.4 million were primarily associated with Health and Nutrition. Other charges (income) net in 2015 of $16.9 million were primarily related to corporate environmental charges of $1.9 million and $15 million of charges associated with an exclusive license, development and supply agreement for a novel crop protection product for agricultural use in the United States. The rights and technology obtained is referred to as in-process research and development and in accordance with GAAP, the amounts paid were expensed as incurred since they were acquired outside of a business combination.

The liabilities associated with the restructuring charges listed above are also included within Note 8 to the condensed consolidated financial statements included in this Form 10-Q. We believe the restructuring plans implemented are on schedule and the benefits and savings either have been or will be achieved.

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Non-operating pension and postretirement charges

The charge for the three months ended March 31, 2016 was $1.0 million compared to $6.2 million for the three months ended March 31, 2015. See Note 14 to the condensed consolidated financial statements included in this Form 10-Q for more information. These expenses are included as a component of the line item "Selling, general and administrative expenses" on the condensed consolidated statements of income (loss).

Acquisition-related charges

A detailed description of the acquisition-related charges is included in Note 18 to the condensed consolidated financial statements included within this Form 10-Q.

Provision for income taxes

A significant amount of our earnings is generated by our foreign subsidiaries (e.g. Denmark, Ireland, and Hong Kong), which tax earnings at lower rates than the United States federal statutory rate. Our future effective tax rates may be materially impacted by numerous items including: a future change in the composition of earnings from foreign and domestic tax jurisdictions, as earnings in foreign jurisdictions are typically taxed at more favorable rates than the United States federal statutory rate; accounting for uncertain tax positions; business combinations; expiration of statute of limitations or settlement of tax audits; changes in valuation allowance and changes in tax law; and the potential decision to repatriate certain future foreign earnings on which United States taxes have not been previously accrued.

Three months ended March 31, 2016 vs. 2015

Provision for income taxes was $30.9 million resulting in an effective tax rate of 36.1 percent compared to a benefit of $49.1 million resulting in an effective tax rate of 44.6 percent for the three months ended March 31, 2016 and 2015, respectively. Additional detail explaining the change in the GAAP effective tax rate is presented in Note 15 to the condensed consolidated financial statements included within this Form 10-Q. Below is a table that adjusts our income and taxes for the effect of corporate special charges and certain tax adjustments. We believe showing this reconciliation of our GAAP to Non-GAAP effective tax rate provides investors with useful supplemental information about our tax rate on the core underlying business.

	Three Months Ended March 31
(in Millions)	2016							2015
	Income (Expense)		Tax Provision (Benefit)			Effective Tax Rate		Income (Expense)			Tax Provision (Benefit)			Effective Tax Rate
GAAP - Continuing operations	$	85.7	$	30.9		36.1	%	$	(110.2	)	$	(49.1	)	44.6	%
Corporate special charges	20.8		6.4					219.2			80.5
Tax adjustments (1)			(9.6		)						(1.4		)
Non-GAAP - Continuing operations	$	106.5	$	27.7		26.0	%	$	109.0		$	30.0		27.5	%

_______________

(1)     Refer to footnote 1 on page 34 of this Form 10-Q for an explanation of Tax adjustments.

The primary drivers for the fluctuations in the effective tax rate from 2015 to 2016 are provided in the table above. Excluding the items in the table above, the change in the effective tax rates from 2015 to 2016 was primarily due to a shift in earnings mix as it relates to domestic versus foreign income. Foreign profits are generally taxed at lower rates compared to domestic income.

Discontinued operations, net of income taxes

Our discontinued operations represent our discontinued FMC Alkali Chemicals up through the date of sale of that business on April 1, 2015 as well as adjustments to retained liabilities from other previously discontinued operations. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities.

Three months ended March 31, 2016 vs. 2015

Discontinued operations, net of income taxes represented a loss of $6.1 million for the three months ended March 31, 2016, compared to a gain of $15.6 million for the three months ended March 31, 2015. The change was driven by the discontinued operations of our FMC Alkali Chemicals division which were included in the three months ended March 31, 2015. 

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Net income (loss) attributable to FMC stockholders

Three months ended March 31, 2016 vs. 2015

Net income attributable to FMC stockholders increased to income of $48.3 million from a loss of $46.8 million. The increase was primarily a result of significantly lower acquisition costs associated with the Cheminova acquisition.

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LIQUIDITY AND CAPITAL RESOURCES

Cash and cash equivalents at March 31, 2016 and December 31, 2015, were $64.3 million and $78.6 million, respectively. Of the cash and cash equivalents balance at March 31, 2016, $60.8 million were held by our foreign subsidiaries. Our intent is to reinvest permanently the earnings of our foreign subsidiaries and therefore we have not recorded taxes that would be payable if we repatriated these earnings.

At March 31, 2016, we had total debt of $2,100.4 million as compared to $2,148.9 million at December 31, 2015. Total debt included $1,986.2 million and $2,036.3 million of long-term debt (excluding current portions of $1.8 million and $1.5 million) at March 31, 2016 and December 31, 2015, respectively. As of March 31, 2016, we were in compliance with all of our debt covenants. During 2016, the maximum leverage ratio will step down in accordance with the provisions of the Credit Facility and the Term Loan Facility. Additionally, we will take a variety of steps, if necessary, to ensure compliance with the maximum leverage ratio at the applicable measurement dates. See Note 9 in the condensed consolidated financial statements included in this Form 10-Q for further details.

Short-term debt, which consists of borrowings under our commercial paper program as well as short-term foreign borrowings, increased slightly from $112.6 million at December 31, 2015 to $114.2 million at March 31, 2016.

Our commercial paper program allows us to borrow at rates generally more favorable than those available under our credit facility. We have used proceeds from the commercial paper program for general corporate purposes. At March 31, 2016, the average effective interest rate on these borrowings was 0.65%.

Statement of Cash Flows

Cash provided (required) by operating activities of continuing operations was $107.2 million and $(304.9) million for the three months ended March 31, 2016 and 2015, respectively.

The table below presents the components of net cash provided (required) by operating activities of continuing operations.

(in Millions)	Three Months Ended March 31
	2016			2015
Income (loss) from continuing operations before equity in (earnings) loss of affiliates, interest income and expense and income taxes	$	106.5		$	(96.1	)
Corporate special charges and depreciation and amortization (1)	54.4			241.9
Operating income before depreciation and amortization (Non-GAAP)	$	160.9		$	145.8
Change in trade receivables (2)	83.3			52.5
Change in inventories (3)	(53.8		)	(50.0		)
Change in accounts payable (4)	123.2			(35.6		)
Change in accrued rebates (5)	79.4			87.6
Change in advance payments from customers (6)	(199.2		)	(165.9		)
Change in all other operating assets and liabilities (7)	(34.3		)	9.3
Cash basis operating income (Non-GAAP)	$	159.5		$	43.7
Restructuring and other spending (8)	(8.1		)	(3.0		)
Environmental spending, continuing, net recoveries (9)	(2.7		)	(3.0		)
Pension and other postretirement benefit contributions (10)	(2.1		)	(27.4		)
Net Interest payments (11)	(23.7		)	(18.0		)
Tax payments	(8.0		)	(11.1		)
Excess tax benefits from share-based compensation	(0.3		)	(1.7		)
Payments associated with the Cheminova purchase price hedges (12)	—			(273.8		)
Acquisition related charge	(7.4		)	(10.6		)
Cash provided (required) by operating activities of continuing operations	$	107.2		$	(304.9	)

____________________ 

(1) Represents the sum of corporate special charges and depreciation and amortization.

(2) The change in cash flows related to trade receivables in 2016 was primarily driven by timing of collections. Additionally, the increased focus last year on sales terms in  Agricultural Solutions as well as ongoing collection measures also in Agricultural Solutions  contributed to the higher change in trade receivables period over period. 

41

(3) Inventory changes are relatively flat year over year and levels are adjusted accordingly to take into consideration the change in market conditions primarily in Agricultural Solutions.

(4) The change in accounts payable in 2016 is primarily due to timing of payments

(5) These rebates are associated with our FMC Agricultural Solutions segment in North America and Brazil and generally settle in the fourth quarter of each year. The changes year over year are primarily associated with the mix in sales eligible for rebates and incentives in 2016 compared to 2015 and timing of rebate payments.

(6) The advance payments from customers represent advances from our FMC Agricultural Solutions segment customers.

(7) Changes in all periods presented primarily represent timing of payments associated with all other operating assets and liabilities, including guarantees issued to vendors under our vendor finance program.

(8) See Note 8 in our consolidated financial statements included in this Form 10-Q for further details.

(9) Included in the period resented are environmental charges for environmental remediation at our operating sites of $6.6 million and $1.9 million, respectively. The amounts in 2016 will be spent in future years. The amounts represent environmental remediation spending at our operating sites which were recorded against pre-existing reserves, net of recoveries.

(10) There were no voluntary contributions to our U.S. defined benefit plans in 2016 and $25 million included in 2015.

(11) The increase in interest payments form 2015 to 2016 was due to higher debt levels as a result of borrowings needed for the Cheminova acquisition.

(12) Represents payments for legal and professional fees associated with the Cheminova acquisition. See also Note 3 to the financial statements including in the Form 10-Q for more information.

Cash provided (required) by operating activities of discontinued operations was $(6.9) million and $7.7 million for the three months ended March 31, 2016 and 2015, respectively.

Cash required by operating activities of discontinued operation is directly related to environmental, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities. Amounts in 2015 included operating activities of FMC Alkali Chemicals business.

Cash required by investing activities of continuing operations was $(44.5) million and $(54.2) million for the three months ended March 31, 2016 and 2015, respectively.

The reduction in cash required in spending during the three months ended March 31, 2016, as compared to the same period in 2015 was due to higher capital expenditures offset by lower spending in other investing activities compared to 2015.

Cash required by investing activities of discontinued operations was $0.0 million and $(15.6) million for the three months ended March 31, 2016 and 2015, respectively.

Cash required by investing activities of discontinued operations in 2015 is directly associated with capital expenditures associated with the Alkali business.

Cash provided (required) by financing activities was $(71.0) million and $364.8 million for the three months ended March 31, 2016 and 2015, respectively.

The change period over period in financing activities is primarily due to the the repayment of our long term debt of $50.3 million under our previously announced senior unsecured Term Loan facility. The increased borrowings in 2015 was primarily to fund the settlement of the purchase price hedges for the Cheminova A/S acquisition.

Other potential liquidity needs

Our cash needs outside of the Cheminova acquisition and related integration expenses for 2016 include operating cash requirements, capital expenditures, scheduled mandatory payments of long-term debt, dividend payments, share repurchases, contributions to our pension plans, environmental and asset retirement obligation spending and restructuring. We plan to meet our liquidity needs through available cash, cash generated from operations, commercial paper issuances and borrowings under our committed revolving credit facility. At March 31, 2016, our remaining borrowing capacity under our credit facility was $1,410.7 million (which includes borrowings under our commercial paper program).

Projected 2016 capital expenditures as well as expenditures related to contract manufacturers are expected to be lower than 2015 levels. This includes expected spending for Cheminova subsequent to the acquisition.

Projected 2016 spending includes approximately $50 million to $55 million of net environmental remediation spending. This spending does not include expected spending on capital projects relating to environmental control facilities or expected spending for environmental compliance costs, which we will include as a component of costs of sales and services to the condensed consolidated statements of income (loss) since these amounts are not covered by established reserves. Capital spending to expand, maintain or replace equipment at our production facilities may trigger requirements for upgrading our environmental controls, which may increase our spending for environmental controls over the foregoing projections.

In order to reduce future funding volatility in our U.S. qualified defined benefit pension plan, we expect to make approximately $35 million in voluntary cash contributions to our U.S defined pension plan during 2016. These contributions are in excess of the minimum requirements. We did not make any of these contributions in the first quarter of 2016. We do not believe that these

42

projected contributions will have a significant negative impact on our current and future liquidity needs. However, any volatility of interest rates or negative equity returns may require greater contributions to the U.S. Plan in the future.

For the three months ended March 31, 2016 and 2015, we paid $22.1 million and $20.1 million, respectively, in dividends declared. On April 21, 2016, we paid dividends totaling $22.2 million to our shareholders of record as of March 31, 2016. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheet as of March 31, 2016.

During the three months ended March 31, 2016, no shares were repurchased under the publicly announced repurchase program. At March 31, 2016, $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.

Commitments and Contingencies

See Note 17 to the condensed consolidated financial statements included in this Form 10-Q.

Contractual Commitments

Information related to our contractual commitments at December 31, 2015 can be found in a table included within Part II, Item 7 of our 2015 Form 10-K. There have been no significant changes to our contractual commitments during the three months ended March 31, 2016.

Climate Change

A detailed discussion related to climate change can be found in Part II, Item 7 of our 2015 Form 10-K.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Fair-Value Measurements

See Note 16 to the condensed consolidated financial statements in this Form 10-Q for additional discussion surrounding our fair value measurements.

DERIVATIVE FINANCIAL INSTRUMENTS AND MARKET RISKS

Our earnings, cash flows, and financial position are exposed to market risks relating to fluctuations in commodity prices, interest rates and foreign currency exchange rates. Our policy is to minimize exposure to our cash flow over time caused by changes in commodity, interest and currency exchange rates. To accomplish this, we have implemented a controlled program of risk management consisting of appropriate derivative contracts entered into with major financial institutions.

The analysis below presents the sensitivity of the market value of our financial instruments to selected changes in market rates and prices. The range of changes chosen reflects our view of changes that are reasonably possible over a one-year period. Market-value estimates are based on the present value of projected future cash flows considering the market rates and prices chosen.

At March 31, 2016, our financial instrument position was a net liability of $36.0 million compared to a net liability of $13.4 million at December 31, 2015. The change in the net financial instrument position was primarily due to change in exchange rates.

Since our risk management programs are generally highly effective, the potential loss in value for each risk management portfolio described below would be largely offset by changes in the value of the underlying exposure.

Commodity Price Risk

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Energy costs are diversified among coal, electricity, and natural gas. We attempt to mitigate our exposure to increasing energy costs by hedging the cost of future deliveries of natural gas and by entering into fixed-price contracts for the purchase of coal and fuel oil. To analyze the effect of changing energy prices, we have performed a sensitivity analysis in which we assume an instantaneous 10 percent change in energy market prices from their levels at March 31, 2016 and December 31, 2015, with all other variables (including interest rates) held constant.

		Hedged energy exposure vs. Energy market pricing
(in Millions)	Net Asset / (Liability) Position on Consolidated Balance Sheets	10% Increase	10% Decrease
Net asset/(liability) position at March 31, 2016	$(2.4)	$(1.7)	$(3.0)
Net asset/(liability) position at December 31, 2015	$(7.3)	$(5.3)	$(9.4)

Our FMC Agricultural Solutions segment enters into contracts with certain customers in Brazil to exchange our products for future physical delivery of soybeans. To mitigate the price risk associated with these barter contracts, we enter into offsetting derivatives to hedge our exposure. As of March 31, 2016 and December 31, 2015 our net financial instrument position was immaterial.

Foreign Currency Exchange Rate Risk

The primary currencies for which we have exchange rate exposure are the U.S. dollar versus the euro, the U.S. dollar versus the Chinese yuan, the U.S. dollar versus the Brazilian real and the U.S. dollar versus the Argentine peso. Foreign currency debt and foreign exchange forward contracts are used in countries where we do business, thereby reducing our net asset exposure. Foreign exchange forward contracts are also used to hedge firm and highly anticipated foreign currency cash flows.

To analyze the effects of changing foreign currency rates, we have performed a sensitivity analysis in which we assume an instantaneous 10 percent change in the foreign currency exchange rates from their levels at March 31, 2016 and December 31, 2015, with all other variables (including interest rates) held constant.

		Hedged Currency vs. Functional Currency
(in Millions)	Net Asset / (Liability) Position on Consolidated Balance Sheets	10% Strengthening	10% Weakening
Net asset/(liability) position at March 31, 2016	$(33.6)	$(6.4)	$(72.9)
Net asset/(liability) position at December 31, 2015 (1)	$(85.2)	$91.3	$(261.0)

(1) Includes the unrealized loss on hedging the purchase price of Cheminova as of December 31, 2014. See "Cheminova Acquisition Hedge Costs" in Note 3 to the condensed consolidated financial statements included in this Form 10-Q.

Interest Rate Risk

One of the strategies that we can use to manage interest rate exposure is to enter into interest rate swap agreements. In these agreements, we agree to exchange, at specified intervals, the difference between fixed and variable interest amounts calculated on an agreed-upon notional principal amount. As of March 31, 2016 and December 31, 2015, we had no interest rate swap agreements.

Our debt portfolio, at March 31, 2016, is composed of 57 percent fixed-rate debt and 43 percent variable-rate debt. The variable-rate component of our debt portfolio principally consists of borrowings under our Term Loan Facility, Credit Facility, commercial paper program, variable-rate industrial and pollution control revenue bonds, and amounts outstanding under foreign subsidiary credit lines. Changes in interest rates affect different portions of our variable-rate debt portfolio in different ways.

Based on the variable-rate debt in our debt portfolio at March 31, 2016, a one percentage point increase in interest rates then in effect would have increased gross interest expense by $2.3 million and a one percentage point decrease in interest rates then in effect would have decreased gross interest expense by $1.2 million for the three months of March 31, 2016.

ITEM 3.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The information required by this item is provided in “Derivative Financial Instruments and Market Risks,” under ITEM 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations.

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ITEM 4.    CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures. Based on management’s evaluation (with the participation of the Company’s Chief Executive Officer and Chief Financial Officer), the Chief Executive Officer and Chief Financial Officer have concluded that, as of March 31, 2016, the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) are effective to provide reasonable assurance that information required to be disclosed by the Company in reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and is accumulated and communicated to management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

(b) Change in Internal Controls. There have been no changes in internal control over financial reporting that occurred during the quarter ended March 31, 2016, that materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors and Shareholders

FMC Corporation:

We have reviewed the condensed consolidated balance sheet of FMC Corporation and subsidiaries as of March 31, 2016, the related condensed consolidated statements of income (loss), comprehensive income (loss), and cash flows for the three-month periods ended March 31, 2016 and 2015. These condensed consolidated financial statements are the responsibility of the Company’s management.

We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the condensed consolidated financial statements referred to above for them to be in conformity with U.S. generally accepted accounting principles.

We have previously audited, in accordance with standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheet of FMC Corporation and subsidiaries as of December 31, 2015, and the related consolidated statements of income, comprehensive income, cash flows, and changes in equity for the year then ended (not presented herein); and in our report dated February 26, 2016, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December 31, 2015, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.

/s/ KPMG LLP

Philadelphia, Pennsylvania

May 3, 2016

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PART II - OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS

Other matters. For additional discussion of developments in the legal proceedings disclosed in Part I, Item 3 of our 2015 Form 10-K, see Note 17 to the condensed consolidated financial statements included within this Form 10-Q.

ITEM 1A.    RISK FACTORS

In addition to the other information set forth in this Form 10-Q, you should carefully consider the factors discussed in Part 1, Item 1A "Risk Factors" of our 2015 Form 10-K. The risks described in our Form 10-K are not the only risks that we face. Additional risks not presently known to us or that we do not currently consider significant may also have an adverse effect on us. If any of the risks actually occur, our business, results of operations, cash flows or financial condition could suffer.

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ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ISSUER PURCHASES OF EQUITY SECURITIES

				Publicly Announced Program
Period	Total Number of Shares Purchased	Average Price Paid Per  Share		Total Number of Shares Purchased	Total Dollar Amount Purchased		Maximum Dollar Value of Shares that May Yet be Purchased
January 1-31, 2016	—	$	—	—	$	—	$	250,000,000
February 1-28, 2016	35,916	$	37.56	—	$	—	$	250,000,000
March 1-31, 2016	517	$	39.42	—	$	—	$	250,000,000
Total Q1 2016	36,433	$	37.59	—	$	—	$	250,000,000

During the three months ended March 31, 2016, we did not repurchase any shares under the publicly announced repurchase program. At March 31, 2016, $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.

ITEM 5.    OTHER INFORMATION

None.

ITEM 6.    EXHIBITS

10.8	FMC Corporation Incentive Compensation and Stock Plan as amended and restated through February 25, 2016
10.8d	Form of Performance-Based Restricted Stock Unit Award Agreement Pursuant to the FMC Corporation Incentive Compensation and Stock Plan
12	Statements of Computation of Ratios of Earnings to Fixed Charges
15	Awareness Letter of KPMG LLP
31.1	Chief Executive Officer Certification
31.2	Chief Financial Officer Certification
32.1	CEO Certification of Quarterly Report
32.2	CFO Certification of Quarterly Report
101	Interactive Data File

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

FMC CORPORATION (Registrant)
By:	/S/ PAUL W. GRAVES
	Paul W. Graves Executive Vice President and Chief Financial Officer

Date: May 3, 2016

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INDEX OF EXHIBITS FILED WITH THE

FORM 10-Q OF FMC CORPORATION

FOR THE QUARTER ENDED MARCH 31, 2016

Exhibit No.	Exhibit Description
10.8	FMC Corporation Incentive Compensation and Stock Plan as amended and restated through February 25, 2016
10.8d	Form of Performance-Based Restricted Stock Unit Award Agreement Pursuant to FMC Corporation Incentive Compensation and Stock Plan
12	Statements of Computation of Ratios of Earnings to Fixed Charges
15	Awareness Letter of KPMG LLP
31.1	Chief Executive Officer Certification
31.2	Chief Financial Officer Certification
32.1	CEO Certification of Quarterly Report
32.2	CFO Certification of Quarterly Report
101	Interactive Data File

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EX-10.8

Exhibit 10.8

FMC CORPORATION

INCENTIVE COMPENSATION AND STOCK PLAN

(As Restated Through February 25, 2016)

HISTORY AND PURPOSE

1.History. In 1995 the Company’s stockholders approved the adoption of the FMC 1995 Stock Option Plan and the FMC 1995 Management Incentive Plan with 3,000,000 shares of Common Stock available for issuance under the two plans combined. Effective as of February 16, 2001, the Board merged the FMC 1995 Management Incentive Plan with and into the FMC 1995 Stock Option Plan, and the FMC 1995 Stock Option Plan was restated as provided herein,and renamed the FMC Corporation Incentive Compensation and Stock Plan (“Plan”)). Also effective as of February 16, 2001, the Board approved an addition to the authorization of shares available for issuance under the Plan of 800,000 shares of Common Stock, making the total shares authorized for issuance under the Plan 3,800,000 as of that date.

In 2000, the Committee adopted the FMC Corporation Stock Appreciation Rights and Phantom Stock Plan to provide equity-based cash compensation to foreign employees in an effort to reduce the foreign income taxes that would otherwise be payable by such foreign employees if they received traditional grants under the Plan. The FMC Corporation Stock Appreciation Rights and Phantom Stock Plan was merged with and into the Plan effective as of February 16, 2001.

In June 2001, the Company distributed substantially all of the net assets relative to its machinery business into a separate company. FMC Technologies, Inc. (“Technologies”). Seventeen percent of FMC’s ownership in Technologies was sold to the public in June 2001, and the remainder was distributed to FMC shareholders on December 31, 2001 (the “Spin-off”). As a result of the Spin-off, each unit of FMC Common Stock was adjusted by a factor of 1.9064045. Therefore, effective as of December 31, 2001, the total number of shares authorized for issuance under the Plan was adjusted to 7,244,377, in accordance with Section 4.1 of the Plan (which equates to 28,977,508 after the two Common Stock Splits described below). Similarly, the Option Price per share of Common Stock under Stock Options outstanding under the Plan as of December 31, 2001 was adjusted by a factor of .5245476.

Further amendments to the plan were approved on February 23, 2006, to among other things, increase the number of shares of Common Stock, out of the total number available for issuance under the Plan, available for Management Incentive Awards, Restricted Stock, and Performance Units under Section 4.1. The Plan was restated as of February 23, 2006 to reflect the foregoing changes.

On August 17, 2007 the Board of Directors of the Company approved a two-for-one split of the Common Stock, to be effected in the form of a distribution payable on September 13, 2007 to the holders of the Common Stock of record as of the close of business on August 31, 2007, of one additional share of Common Stock for every share of Common Stock outstanding as of that date (the “Stock Split”). Therefore, effective as of September 13, 2007, the total number of shares reserved for issuance under the Plan was adjusted to 14,448,674 in accordance with Section 4.1 of the Plan, and the total number of shares subject to outstanding Awards granted under the Plan as of September 13, 2007 was doubled. Similarly, the Option Price per share of Common Stock under Stock Options outstanding under the Plan as of

September 13, 2007 was adjusted by a factor of .5. The plan was restated as of September 13, 2007 to reflect the foregoing changes.

The Plan was amended and restated as of January 1, 2009 to comply with Section 409A of the Code.

The plan was further amended and restated as of October 1, 2011 to eliminate the discretionary authority of the Committee to approve certain transfers of Stock Options, as well as to formally recognize the Company’s option to deliver shares of Common Stock by registering them via book entry.

On April 24, 2012, the Board of Directors of the Company approved a further two-for-one split of the Common Stock, to be effected in the form of a distribution payable on May 24, 2012 to the holders of the Common Stock of record as of the close of business on May 11, 2012, of one additional share of Common Stock for every share of Common Stock outstanding as of that date (the “Second Stock Split”).  Therefore, effective as of May 24, 2012, the total number of shares reserved for issuance under the Plan was adjusted to 28,897,348 in accordance with Section 4.1 of the Plan, and the total number of shares subject to outstanding Awards granted under the Plan as of May 24, 2012 was doubled.  Similarly, the Option Price per share of Common Stock under Stock Options outstanding under the Plan as of May 24, 2012 was adjusted by a factor of .5. 

On February18. 2013, the Plan was amended to eliminate the automatic acceleration of vesting of Stock Options and Stock Appreciation Rights upon a Change of Control, and the Board of Directors adopted a Clawback Policy applicable to all Awards granted under the Plan to executive officers from and after that date..

On April 27, 2015, the Plan was restated to incorporate all of the foregoing changes.

On February 25, 2016, the Plan was amended and restated in order to incorporate the Company’s Clawback Policy into the Plan.

2.Purpose. The purpose of the Plan is to give the Company a competitive advantage in attracting, retaining and motivating officers, employees, directors and consultants of the Company and its Affiliates.

SECTION 1. DEFINITIONS

1.General. For purposes of the Plan, the following terms are defined as set forth below:

(a) “Affiliate” means a corporation or other entity controlled by, controlling or under common control with the Company, including, without limitation any corporation, partnership, joint venture or other entity during any period in which at least a fifty percent (50%) voting or profits interest is owned, directly or indirectly, by the Company or any successor to the Company.

(b) “Award” means a Management Incentive Award, Stock Option, Stock Appreciation Right, Performance Unit, Restricted Stock or other award authorized under the Plan.

(c) “Award Cycle” means a period of consecutive fiscal years or portions thereof designated by the Committee over which Awards are to be earned.

(d) “Board” means the Board of Directors of the Company.

(e) “Business Unit” means a unit of the business of the Company or its Affiliates as determined by the Committee and the CEO.

(f) “Capital Employed” means operating working capital plus net property, plant and equipment.

(g) “Cause” means (1) “Cause” as defined in any Individual Agreement to which the participant is a party, or (2) if there is no such Individual Agreement, or, if it does not define “Cause”: (A) the participant having been convicted of, or pleading guilty or nolo contendere to, a felony under federal or state law; (B) the Willful and continued failure on the part of the participant to substantially perform his or her employment duties in any material respect (other than such failure resulting from Disability), after a written demand for substantial performance is delivered to the participant that specifically identifies the manner in which the Company believes the participant has failed to perform his or her duties, and after the participant has failed to resume substantial performance of his or her duties within thirty (30) days of such demand; or (C) Willful and deliberate conduct on the part of the participant that is materially injurious to the Company or an Affiliate; or (D) prior to a Change in Control, such other events as will be determined by the Committee. The Committee will, unless otherwise provided in an Individual Agreement with the participant, determine whether “Cause” exists.

(h) “CEO” means the Company’s chief executive officer.

(i) “Change in Control” has the meanings set forth in Sections 14.2 Definition of Change in Control and 14.3 Special Definition of Change in Control .

(j) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto.

(k) “Committee” means the Compensation and Organization Committee of the Board, or such other committee as the Board may from time to time designate.

(l) “Common Stock” means (1) the common stock of the Company, par value $.10 per share, subject to adjustment as provided in Section 4.1 Shares Available for Issuance; or (2) if there is a merger or consolidation and the Company is not the surviving corporation, the capital stock of the surviving corporation given in exchange for such common stock of the Company.

(m) “Company” means FMC Corporation, a Delaware corporation.

(n) “Covered Employee” means a participant who has received a Management Incentive Award, Restricted Stock or Performance Units, who has been designated as such by the Committee and who is or may be a “covered employee” within the meaning of Section 162(m)(3) of the Code in the year in which the Management Incentive Award, Restricted Stock or Performance Units are expected to be taxable to such participant.

(o) “Disability” means, unless otherwise provided by the Committee, (1) “Disability” as defined in any individual agreement to which the participant is a party, or (2) if there is no such individual agreement, or, if such agreement does not define “Disability,” then “Disability” shall be determined in accordance with the Company’s long-term disability plan.

(p) “Dividend Equivalent Rights” means the right to receive cash, Stock Options, Stock Appreciation Rights or Performance Units, as determined by the Committee, in an amount equal to any dividends that would have been paid on a Stock Option, Stock Appreciation Right or a Performance Unit, as applicable, with Dividend Equivalent Rights if such Stock Option, Stock Appreciation Right or Performance Unit, as applicable, was a share of Common Stock held by the participant on the dividend payment date. Unless the Committee determines that Dividend Equivalent Rights will be paid in cash as of the dividend payment date, such Dividend Equivalent Rights, once credited, will be converted into an equivalent number of Stock Options, Stock Appreciation Rights or Performance Units, as applicable; provided, however, that the number of shares subject to any Award will always be a whole number. Unless

otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in cash, the number of Stock Options, Stock Appreciation Rights or Performance Units into which a Dividend Equivalent Right will be converted will be calculated as of the dividend payment date, in accordance with the following formula:

(A x B)/C

in which “A” equals the number of Stock Options, Stock Appreciation Rights or Performance Units with Dividend Equivalent Rights held by the participant on the dividend payment date, “B” equals the cash dividend per share and “C” equals the Fair Market Value per share of Common Stock on the dividend payment date. Unless otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in property other than cash, the number of Stock Options, Stock Appreciation Rights or Performance Units, as applicable into which a Dividend Equivalent Right will be converted will be calculated, as of the dividend payment date, in accordance with the formula set forth above, except that “B” will equal the fair market value per share of the property which the participant would have received if the Stock Option, Stock Appreciation Right or Performance Unit, as applicable, with Dividend Equivalent Rights held by the participant on the dividend payment date was a share of Common Stock. Notwithstanding any other provision in the Plan, Dividend Equivalent Rights may not be accumulated and paid on the date of exercise of the Stock Option or Stock Appreciation Right giving rise to the Dividend Equivalent Right.

(q) “Effective Date” means February 16, 2001, the date the Plan was adopted by the Board. The Board’s adoption of the increase of 800,000 shares (later adjusted to be an additional 1,525,123 shares as a result of the Spin-off, which equates to 3,700,000 shares as a result of the Stock Split and the Second Stock Split) of Common Stock reserved for issuance under the Plan is also effective as of February 16, 2001.

(r) “Eligible Individuals” means officers, employees, directors and consultants of the Company or any of its Affiliates, and prospective employees, directors and consultants who have accepted offers of employment, membership on a board or consultancy from the Company or its Affiliates, who are or will be responsible for or contribute to the management, growth or profitability of the business of the Company or its Affiliates, as determined by the Committee.

(s) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto.

(t) “Expiration Date” means the date on which an Award becomes unexercisable and/or not payable by reason of lapse of time or otherwise as provided in Section 6.2 Expiration Date.

(u) “Fair Market Value” means, except as otherwise provided by the Committee, as of any given date, the closing price for shares of Common Stock on the New York Stock Exchange for the specified date (as of 4:00 p.m. Eastern Standard Time or Eastern Daylight Savings Time, whichever is then in effect), or, if the shares were not traded on the New York Stock Exchange on such date, then on the next preceding date on which the shares were traded, all as reported by such source as the Committee may select.

(v) “Grant Date” means the date designated by the Committee as the date of grant of an Award.

(w) “Incentive Stock Option” means any Stock Option designated as, and qualified as, an “incentive stock option” within the meaning of Section 422 of the Code.

(x) “Individual Agreement” means a severance, employment, consulting or similar agreement between a participant and the Company or one of its Affiliates.

(y) “Management Incentive Award” means an Award of cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as determined by the Committee.

(z) “Net Contribution” means for a Business Unit, its operating profit after-tax, less the product of (1) a percentage as determined by the Committee; and (2) the Business Unit’s Capital Employed.

(aa) “Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option.

(ab) “Notice” means the written evidence of an Award granted under the Plan in such form as the Committee will from time to time determine.

(ac) “Performance Goals” means the performance goals established by the Committee in connection with the grant of Management Incentive Awards, Restricted Stock or Performance Units as set forth in the Notice. In the case of Qualified Performance-Based Awards, Performance Goals will be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations, and will be based on Net Contribution, or such other performance criteria selected by the Committee, including, without limitation, the Fair Market Value of the Common Stock, the Company’s or a Business Unit’s market share, sales, earnings, costs, productivity, return on equity or return on Capital Employed.

(ad) “Performance Units” means an Award granted under Section 12 Performance Units.

(ae) “Plan” means the FMC Corporation Incentive Compensation and Stock Plan, as set forth herein and as hereinafter amended from time to time.

(af) “Qualified Performance-Based Award” means a Management Incentive Award, an Award of Restricted Stock or an Award of Performance Units designated as such by the Committee, based upon a determination that (1) the recipient is or may be a Covered Employee; and (2) the Committee wishes such Award to qualify for the Section 162(m) Exemption.

(ag) “Restricted Stock” means an Award granted under Section 11 Restricted Stock.

(ah) “Section 162(m) Exemption” means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

(ai) “Stock Appreciation Right” means an Award granted under Section 10 Stock Appreciation Rights.

(aj) “Stock Option” means an Award granted under Section 9 Stock Options.

(ak) “Termination of Employment” means the termination of the participant’s employment with, or performance of services for, the Company and any of its Affiliates. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Company and its Affiliates will not be considered Terminations of Employment.

(al) “Vesting Date” means the date on which an Award becomes vested, and, if applicable, fully exercisable and/or payable by or to the participant as provided in Section 6.3 Vesting.

(am) “Willful” means any action or omission by the participant that was not in good faith and without a reasonable belief that the action or omission was in the best interests of the Company or its Affiliates. Any act or omission based upon authority given

pursuant to a duly adopted resolution of the Board, or, upon the instructions of the CEO or any other senior officer of the Company, or, based upon the advice of counsel for the Company will be conclusively presumed to be taken or omitted by the participant in good faith and in the best interests of the Company and/or its Affiliates.

2.Other Definitions. In addition, certain other terms used herein have definitions given to them in the first place in which they are used.

SECTION 2. ADMINISTRATION

1.Committee Administration. The Committee is the administrator of the Plan. Among other things, the Committee has the authority, subject to the terms of the Plan:

(an) To select the Eligible Individuals to whom Awards are granted;

(ao) To determine whether and to what extent Awards are granted;

(ap) To determine the amount of each Award;

(aq) To determine the terms and conditions of any Award, including, but not limited to, the option price, any vesting condition, restriction or limitation regarding any Award and the shares of Common Stock relating thereto, based on such factors as the Committee will determine;

(ar) To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time; and

(as) To determine under what circumstances an Award may be settled in cash or Common Stock or a combination of cash and Common Stock.

The Committee has the authority to adopt, alter and repeal administrative rules, guidelines and practices governing the Plan, to interpret the terms and provisions of the Plan, any Award, any Notice and any other agreement relating to any Award and to take any action it deems appropriate for the administration of the Plan.

2.Committee Action. The Committee may act only by a majority of its members then in office unless it allocates or delegates its authority to a Committee member or other person to act on its behalf. Except to the extent prohibited by applicable law or applicable rules of a stock exchange, the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to any other person or persons. Any such allocation or delegation may be revoked by the Committee at any time.

Any determination made by the Committee or its delegate with respect to any Award will be made in the sole discretion of the Committee or such delegate. All decisions of the Committee or its delegate are final, conclusive and binding on all parties.

3.Board Authority. Any authority granted to the Committee may also be exercised by the full Board. To the extent that any permitted action taken by the Board conflicts with action taken by the Committee, the Board action will control.

SECTION 3. SHARES

1.Shares Available For Issuance. The maximum number of shares of Common Stock that may be delivered to participants and their beneficiaries under the Plan will be 28,977,508 (after giving effect to the Stock Split and the Second Stock Spllit). Shares subject to an Award under the Plan may be authorized and unissued shares or may be treasury shares.

The maximum number of shares of Common Stock that may be subject to Management Incentive Awards, Restricted Stock and Performance Units is 7,020,248 shares of Common Stock (after giving effect to the Stock Split and Second Stock Split). [Note that (after giving effect to the Stock Split and Second Stock Split) this number includes 1,820,248 shares subject to Management Incentive Awards, Restricted Stock and Performance Units awarded prior to February 23, 2006, as well as 5,200,000-shares

that are available for future grant as Management Incentive Awards, Restricted Stock and Performance Units awarded on or after February 23, 2006.]

No Award will be counted against the shares available for delivery under the Plan if the Award is payable to the participant only in the form of cash, or if the Award is paid to the participant in cash.

To the extent any Award is forfeited, any Stock Option (or Stock Appreciation Right) terminates, expires or lapses without being exercised or any Stock Appreciation Right is exercised for cash, the shares of Common Stock subject to such Award will again become available for delivery in connection with new Awards under the Plan. To the extent any shares of Common Stock subject to an Award are tendered back prior to April 20, 2011 (or, if later, the 10^th anniversary of the latest re-approval of this clause by the Company’s stockholders) or not delivered because such shares are (in either case) used to satisfy an applicable tax-withholding obligation, such shares will again become available for delivery in connection with new Awards under the Plan.

In the event of a stock dividend, stock split, merger, consolidation, separation or other change in capitalization, spin-off, extraordinary dividend or distribution, reorganization (whether or not such reorganization comes within the definition of such term in Section 368 of the Code), reclassification, recapitalization, partial or complete liquidation of the Company or other similar event or transaction, the Committee shall make such equitable substitutions or adjustments in the number, kind, and price of shares, or the identity of the issuer of shares, reserved for issuance under the Plan or subject to outstanding Awards granted under the Plan, and the maximum limitation upon any Awards to be granted to any participant, as the Committee determines to be necessary or appropriate to fulfill the purposes for which the Plan was adopted and the Awards were granted; provided, however, that no such substitution or adjustment will be made if such substitution or adjustment would give rise to any tax under Section 409A of the Code; and provided further, that the number of shares subject to any Award will always be a whole number. Any such adjusted price will be used to determine the amount payable in cash or shares, as applicable, by the Company upon the exercise of any Award. [Note that as a result of the Spin-off, for any Stock Options granted on or before December 31, 2001, the Option Prices for such Stock Options have been adjusted by a factor of .5245476 pursuant to this Section 4.1; that as a result of the Stock Split, for any Stock Options granted on or prior to September 13, 2007, the number of shares subject to such Stock Options has been doubled and the Option Prices for such Stock Options have been adjusted by a factor of .5 pursuant to this Section 4.1; and that as a result of the Second Stock Split, for any Stock Options granted on or prior to May 24, 2002 the number of shares subject to such Stock Options has been further doubled and the Option Prices for such Stock Options has been further adjusted by a factor of .5 pursuant to this Section 4.1.]

2.Individual Limits. No participant may be granted Stock Options and Stock Appreciation Rights covering in excess of 500,000 shares of Common Stock in any calendar year, provided, however that this prohibition shall not apply: i) to the extent Common Stock subject to a Stock Option granted prior to December 31, 2001, when adjusted as a result of the Spin-off, exceeded 500,000 shares for an individual participant in a calendar year, (ii) to awards granted on or prior to September 13, 2007, to the extent when adjusted as a result of the Stock Split, the limits in this sentence are exceeded, or (iii), to awards granted on or prior to May 24, 2012, to the extent when adjusted as a result of the Second Stock Split, the limits in this sentence are exceeded.. The maximum aggregate amount with respect to each Management Incentive Award, Award of Performance Units or Award of Restricted Stock that may be granted, or, that may vest, as applicable, in any calendar year for any individual participant is 500,000 shares of Common Stock, or the dollar equivalent of 500,000 shares of Common Stock, provided, however that this

prohibition shall not apply: (i) to awards granted prior to December 31, 2001, to the extent that when adjusted as a result of the Spin-off, the limits in this sentence are exceeded, (ii) to awards granted on or prior to September 13, 2007, to the extent when adjusted as a result of the Stock Split, the limits in this sentence are exceeded, or (iii), to awards granted on or prior to May 24, 2012, to the extent when adjusted as a result of the Second Stock Split, the limits in this sentence are exceeded.

SECTION 4. ELIGIBILITY

Awards may be granted under the Plan to Eligible Individuals. Incentive Stock Options may be granted only to employees of the Company and its subsidiaries or parent corporation (within the meaning of Section 424(f) of the Code).

SECTION 5. TERMS AND CONDITIONS OF AWARDS

1.General. Awards will be in the form and upon the terms and conditions as determined by the Committee, subject to the terms of the Plan. The Committee is authorized to grant Awards independent of, or in addition to other Awards granted under the Plan. The terms and conditions of each Award may vary from other Awards. Awards will be evidenced by Notices, the terms and conditions of which will be consistent with the terms of the Plan and will apply only to such Award.

2.Expiration Date. Unless otherwise provided in the Notice, the Expiration Date of an Award will be the earlier of the date that is ten (10) years after the Grant Date or the date of the participant’s Termination of Employment.

3.Vesting. Each Award vests and becomes fully payable, exercisable and/or released of any restriction on the Vesting Date. The Vesting Date of each Award, as determined by the Committee, will be set forth in the Notice.

SECTION 6. QUALIFIED PERFORMANCE-BASED AWARDS

1.The Committee may designate a Management Incentive Award, or an Award of Restricted Stock or an Award of Performance Units as a Qualified Performance-Based Award, in which case, the Award is contingent upon, and may not vest until, the attainment of Performance Goals has been certified by the Committee. The amount of the Qualifying Performance-Based Award actually paid to a Participant at the discretion of the Committee may be less, but shall not be more, than the amount determined by the applicable Performance Goals.

SECTION 7. MANAGEMENT INCENTIVE AWARDS

1.Management Incentive Awards. The Committee is authorized to grant Management Incentive Awards, subject to the terms of the Plan. Notices for Management Incentive Awards will indicate the Award Cycle, any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award, the Vesting Date of the Award and the form of payment of the Award. Unless otherwise provided in a Notice, in order to be eligible to receive payment in respect of a Management Incentive Award, a participant must be an employee of the Company during the entire Award Cycle applicable to the Management Incentive Award.

2.Settlement. As soon as practicable after the Vesting Date, but no later than the 15^th day of the third calendar month following the Vesting Date of any Management Incentive Award, payment in respect of the Management Incentive Award will be made to the participant in cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as determined by the Committee. The number of shares of Common Stock payable under the stock portion of a Management Incentive Award will equal the amount of such portion of the award divided by the Fair Market Value of the Common Stock on the date of payment. The foregoing notwithstanding, Management Incentive Awards payable in cash may be deferred in accordance with the FMC Corporation Nonqualified Savings and Investment Plan, as it may be amended from time to time.

SECTION 8. STOCK OPTIONS

1.Stock Options. The Committee is authorized to grant Stock Options, including both Incentive Stock Options and Nonqualified Stock Options, subject to the terms of the Plan. Notices will indicate whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option, the option price, the term and the number of shares to which it pertains. To the extent that any Stock Option is not designated as an Incentive Stock Option, or, even if so designated does not qualify as an Incentive Stock Option on or subsequent to its Grant Date, it will constitute a Nonqualified Stock Option. No Incentive Stock Option will be granted hereunder on or after the 10^th anniversary of the date of stockholder approval of the Plan (or, if the stockholders approve an amendment that increases the number of shares subject to the Plan, the 10^th anniversary of the date of such approval); provided, however, that Incentive Stock Options granted prior to such 10^th anniversary may extend beyond that date.

2.Option Price. The option price per share of Common Stock purchasable under a Stock Option will be determined by the Committee and will not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the Grant Date.

3.Incentive Stock Options. The terms of the Plan addressing Incentive Stock Options and each Incentive Stock Option will be interpreted in a manner consistent with Section 422 of the Code and all valid regulations issued thereunder.

4.Exercise. Stock Options will be exercisable at such time or times and subject to the terms and conditions set forth in the Notice. A participant can exercise a Stock Option, in whole or in part, at any time on or after the Vesting Date and before the Expiration Date by giving written notice of exercise to the Company specifying the number of shares of Common Stock subject to the Stock Option to be purchased. Such notice will be accompanied by payment in full to the Company of the option price by certified or bank check or such other cash equivalent instrument as the Company may accept. If approved by the Committee, payment in full or in part may also be made in the form of Common Stock (by delivery of such shares or by attestation) already owned by the optionee of the same class as the Common Stock subject to the Stock Option, based on the Fair Market Value of the Common Stock on the date the Stock Option is exercised. Notwithstanding the foregoing, the right to make payment in the form of already owned shares of Common Stock applies only to shares that have been held by the optionee for at least six (6) months at the time of exercise or that were purchased on the open market.

If approved by the Committee, payment in full or in part may also be made by delivering a properly executed exercise notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or broker loan proceeds necessary to pay the option price, and, if requested, by the amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures with one or more brokerage firms, but any loans by a broker in connection with an exercise shall be arranged between the broker and the employee, and not by the Company.

In addition, if approved by the Committee, a Stock Option may be exercised by a "net cashless exercise" procedure whereby all or any portion of the option price and/or any required tax withholding may be satisfied by a reduction in the number of shares issued upon exercise. In that case, the number of shares of Common Stock issued upon exercise will be equal to: (a) the product of (i) the number of shares as to which the Stock Option is then being exercised on a net cashless basis, and (ii) the excess of (A) the Fair Market Value on the date of exercise, over (B) the option price and/or any required tax withholding associated with the net cashless exercise (expressed on a per share basis), divided by (b) the Fair Market Value on the date of exercise. A number of shares of Common Stock equal to the difference between the number of shares as to which the Stock Option is then being exercised and the number of shares actually issued upon such exercise will be deemed to have been retained by the Company in satisfaction of the option price and/or any required tax withholding.

5.Settlement. As soon as practicable after the exercise of a Stock Option: a) if the shares purchased are represented by certificates, the Company will deliver to or on behalf of the optionee certificates of Common Stock for the number of shares purchased; or (b) if not represented by certificates, the shares purchased shall be registered by means of book entry. No shares of Common Stock will be issued until full payment therefor has been made. An optionee will have all of the rights of a stockholder of the Company holding Common Stock, including, but not limited to, the right to vote the shares and the right to receive dividends, when the optionee has given written notice of exercise, has paid in full for such shares and, if requested, has given the representation described in Section 18 General Provisions. The Committee may give optionees Dividend Equivalent Rights.

6.Nontransferability. No Stock Option will be transferable by the optionee other than by will or by the laws of descent and distribution. All Stock Options will be exercisable, subject to the terms of the Plan, only by the optionee, the guardian or legal representative of the optionee, or any person to whom such Stock Option is transferred pursuant to this paragraph, it being understood that the terms “holder” and “optionee” include such guardian, legal representative and other transferee. No Stock Option will be subject to execution, attachment or other similar process.

7.Cashing Out. On receipt of written notice of exercise, the Committee may elect to cash out all or part of the portion of the shares of Common Stock for which a Stock Option is being exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the Common Stock over the option price times the number of shares of Common Stock for which the Stock Option is being exercised on the effective date of such cash-out.

SECTION 9. STOCK APPRECIATION RIGHTS.

1.Stock Appreciation Rights. The Committee is authorized to grant Stock Appreciation Rights, subject to the terms of the Plan. Stock Appreciation Rights granted with a Nonqualified Stock Option may be granted either on or after the Grant Date. Stock Appreciation Rights granted with an Incentive Stock Option may be granted only on the Grant Date of such Stock Option. Notices of Stock Appreciation Rights granted with Stock Options may be incorporated into the Notice of the Stock Option. Notices of Stock Appreciation Rights will indicate whether the Stock Appreciation Right is independent of any Award or granted with a Stock Option, the price, the term, the method of exercise and the form of payment. The Committee may also grant Dividend Equivalent Rights in association with any Stock Appreciation Right. A Stock Appreciation Right exercise price may never be less than the Fair Market Value of the underlying Common Stock on the Grant Date of such Stock Appreciation Right.

2.Exercise. A participant can exercise Stock Appreciation Rights, in whole or in part, at any time after the Vesting Date and before the Expiration Date, or, with respect to Stock Appreciation Rights granted in connection with any Stock Option, at such time or times and to the extent that the Stock Options to which they relate are exercisable, by giving written notice of exercise to the Company specifying the number of Stock Appreciation Rights to be exercised. A Stock Appreciation Right granted with a Stock Option may be exercised by an optionee by surrendering any applicable portion of the related Stock Option in accordance with procedures established by the Committee. To the extent provided by the Committee, Stock Options which have been so surrendered will no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised.

3.Settlement. As soon as practicable after the exercise of a Stock Appreciation Right, an optionee will be entitled to receive an amount in cash, shares of Common Stock or a combination of cash and shares of Common Stock, as determined by the Committee, in value equal to the excess of the Fair Market Value on the date of exercise of one share of Common Stock over the Stock Appreciation Right price per share multiplied by the number of shares in respect of which the Stock Appreciation Right is being exercised.

Upon the exercise of a Stock Appreciation Right granted with any Stock Option, the Stock Option or part thereof to which such Stock Appreciation Right is related will be deemed to have been exercised for the

purpose of the limitation set forth in Section 4 Shares on the number of shares of Common Stock to be issued under the Plan, but only to the extent of the number of shares delivered upon the exercise of the Stock Appreciation Right.

4.Nontransferability. Stock Appreciation Rights will be transferable only to the extent they are granted with any Stock Option, and only to permitted transferees of such underlying Stock Option in accordance with the Nontransferability provisions of Section 9.

SECTION 10. RESTRICTED STOCK

1.Restricted Stock. The Committee is authorized to grant Restricted Stock, subject to the terms of the Plan. Notices for Restricted Stock may be in the form of a Notice and book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of shares of Restricted Stock will be registered in the name of such participant and will bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form:

“The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions, including, but not limited to, forfeiture of the FMC Corporation Incentive Compensation and Stock Plan and a Restricted Stock Notice. Copies of such Plan and Notice are on file at the offices of FMC Corporation.”

The Committee may require that the certificates evidencing such shares be held in custody by the Company until the restrictions thereon will have lapsed and that, as a condition of any Award of Restricted Stock, the participant will have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. The Notice or certificates will indicate any applicable Performance Goals and any applicable designation of the Restricted Stock as a Qualified Performance-Based Award. Unless otherwise provided in a Notice, in order to be eligible to vest in an Award of Restricted Stock, a participant must be an employee of the Company during the entire Award Cycle applicable to the Restricted Stock.

2.Participant Rights. Subject to the terms of the Plan and the Notice or certificate of Restricted Stock, the participant will not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock until the Vesting Date. Notwithstanding the foregoing, if approved by the Committee, a participant may pledge Restricted Stock as security for a loan to obtain funds to pay the option price for Stock Options. Except as provided in the Plan and the Notice or certificate of the Restricted Stock, the participant will have, with respect to the shares of Restricted Stock, all of the rights of a stockholder of the Company holding Common Stock, including, but not limited to, the right to vote the shares and to receive dividends with respect to the shares; provided that, in the discretion of the Committee, cash or property payable as a dividend on Restricted Stock may be subjected to the same vesting conditions as the Restricted Stock giving rise to the payment or may be converted into a number of additional shares of Restricted Stock (again, having the same vesting conditions as the Restricted Stock giving rise to the payment) determined by dividing the amount of the cash or the fair market value of the property otherwise distributable (as determined by the Committee) by the Fair Market Value on the dividend payment date.

3.Settlement. As soon as practicable after the vesting date for any share of Restricted Stock; (a) if the share is represented by a legended certificate, that legended certificate will be exchanged for a new certificate that does not contain the legend described above in Section 11.1 and the new certificate will be delivered to the participant, or (b) if the share is registered by means of book entry, the Company will direct its transfer agent to remove the stop-transfer order associated with the satisfied vesting condition(s).

SECTION 11. PERFORMANCE UNITS

1.Performance Units. The Committee is authorized to grant Performance Units, subject to the terms of the Plan. Notices of Performance Units will indicate any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award, the Vesting Date of the Performance Units and the form of payment. Unless otherwise provided in a Notice, in order to be eligible to receive payment in respect of a Performance Unit, a participant must be an employee of the Company during the entire Award Cycle applicable to the Performance Unit.

2.Settlement. As soon as practicable after the Vesting Date, but no later than the March 15^th of the year following the year in which the Vesting Date of a Performance Unit occurs, payment will be made in respect of the Performance Unit. Payment in respect of Performance Units will be made in an amount of cash equal to the Fair Market Value of one share of Common Stock multiplied by the number of Performance Units earned or, if applicable, in a number of shares of Common Stock equal to the number of Performance Units earned, each as determined by the Committee. Payment in respect of Performance Units may not be deferred (other than payment in respect of Performance Units granted to directors prior to January 1, 2009).

SECTION 12. OTHER AWARDS

The Committee is authorized to make, either alone or in conjunction with other Awards, Awards of cash or Common Stock and Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including, without limitation, convertible debentures.

SECTION 13. CHANGE IN CONTROL

1.Impact of Change in Control. Notwithstanding any other provision of the Plan to the contrary, in the event of a Change in Control, as of the date such Change in Control is determined to have occurred, any outstanding:

(at) Stock Options and Stock Appreciation Rights become fully exercisable and vested to the extent provided in the Notice, or if not provided in the Notice, to the extent determined by the Committee;

(au) Restricted Stock becomes free of all restrictions and becomes fully vested and transferable to the full extent of all or a portion of the maximum amount of the original grant as provided in the Notice, or, if not provided in the Notice, as determined by the Committee;

(av) Performance Units become vested to the extent provided in the Notice, or if not provided in the Notice, as determined by the Committee; and

(aw) Management Incentive Awards become fully vested to the full extent of all or a portion of the maximum amount of the original grant as provided in the Notice, or, if not provided in the Notice, as determined by the Committee, and such Management Incentive Awards will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable following the Change in Control (except for Management Incentive Awards deferred under the FMC Corporation Nonqualified Savings and Investment Plan which awards will be settled at the time specified in accordance with the FMC Corporation Nonqualified Savings and Investment Plan).

The Committee may also make additional substitutions, adjustments and/or settlements of outstanding Awards as it deems appropriate and consistent with the Plan’s purposes.

2.Definition of Change in Control. For purposes of the Plan other than with respect to the acceleration of Management Incentive Awards in accordance with Section 14.1, a “Change in Control” will mean the happening of any of the following events:

(ax) An acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the

meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty percent (20%) or more of either (1) the then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); excluding, however, the following: (A) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company, or (D) any acquisition pursuant to a transaction which complies with Subsections (1), (2) and (3) of Subsection (c) of this Section 14.2;

(ay) A change in the composition of the Board such that the individuals who, as of the Effective Date, constitute the Board (such Board will be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, for purposes of this Section 14.2, that any individual who becomes a member of the Board subsequent to the Effective Date, whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) will be considered as though such individual were a member of the Incumbent Board; but, provided further, that any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board will not be so considered as a member of the Incumbent Board;

(az) Consummation of a reorganization, merger or consolidation, sale or other disposition of all or substantially all of the assets of the Company, or acquisition by the Company of the assets or stock of another entity (“Corporate Transaction”); excluding, however, such a Corporate Transaction pursuant to which (1) all or substantially all of the individuals and entities who are the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction will beneficially own, directly or indirectly, more than sixty percent (60%) of, respectively, the outstanding shares of common stock, and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (2) no Person (other than the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such Corporate Transaction) will beneficially own, directly or indirectly, twenty percent (20%) or more of, respectively, the outstanding shares of common stock of the corporation resulting from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation entitled to vote generally in the election of directors except to the extent that such ownership existed prior to the Corporate Transaction, and (3) individuals who were members of the Incumbent Board

will constitute at least a majority of the members of the board of directors of the corporation resulting from such Corporate Transaction; or

(ba) The approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

3.Special Definition of Change in Control. For purposes of the Plan, only with respect to the acceleration of Management Incentive Awards in accordance with Section 14.1, a “Change in Control” will mean the happening of any of the following events:

(bb) A Person acquires (or has acquired over the 12-month period ending on the date of the most recent acquisition by such Person) stock of the Company possessing thirty percent (30%) or more of the total voting power of the then outstanding voting securities of the Company; excluding, however, the following: (A) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company, (B) any acquisition by the Company or (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company;

(bc) The date that a majority of the members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of appointment or election;

(bd) A Person acquires (or has acquired over the 12-month period ending on the date of the most recent acquisition by such Person) assets from the Company that have a total gross fair market value equal to more than forty percent (40%) of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions.

SECTION 14. FORFEITURE OF AWARDS

1.Notwithstanding anything in the Plan to the contrary, the Committee may, in the event of serious misconduct by a participant (including, without limitation, any misconduct prejudicial to or in conflict with the Company or its Affiliates, or any Termination of Employment for Cause), or any activity of a participant in competition with the business of the Company or any Affiliate, (a) cancel any outstanding Award granted to such participant, in whole or in part, whether or not vested or deferred, and/or (b) if such conduct or activity occurs within one year following the exercise or payment of an Award, require such participant to repay to the Company any gain realized or payment received upon the exercise or payment of such Award (with such gain or payment valued as of the date of exercise or payment). Such cancellation or repayment obligation will be effective as of the date specified by the Committee. Any repayment obligation may be satisfied in Common Stock or cash or a combination thereof (based upon the Fair Market Value of Common Stock on the day of payment), and the Committee may provide for an offset to any future payments owed by the Company or any Affiliate to the participant if necessary to satisfy the repayment obligation. The determination of whether a participant has engaged in a serious breach of conduct or any activity in competition with the business of the Company or any Affiliate will be made by the Committee in good faith. This Section 15 will have no application following a Change in Control.

2.Without limiting the generality of Section 15.1, all Awards with a Grant Date of February 18, 2013 or later shall additionally be subject to the forfeiture, clawback, disgorgement and other provisions set forth in the Company’s Clawback Policy, as the same shall be in effect from time to time. Sections 15.1 and 15.2 shall be applied so as to avoid duplication of recovery, i.e. the recovery of the same incentive compensation more than once under both Sections, from the same Award recipient.

SECTION 15. AMENDMENT AND TERMINATION

The Committee may amend, alter, or discontinue the Plan or any Award, prospectively or retroactively, but no amendment, alteration or discontinuation may impair the rights of a recipient of any

Award without the recipient’s consent, except such an amendment made to comply with applicable law, stock exchange rules or accounting rules.

No amendment will be made without the approval of the Company’s stockholders to the extent such approval is required by applicable law or stock exchange rules, or to the extent such amendment increases the number of shares available for delivery under the Plan. Without the approval of the Company’s stockholders, the Committee will not reduce the option price of a Stock Option after the Grant Date or cancel an outstanding Stock Option and grant a new Stock Option with a lower exercise price in substitution therefor (other than, in either case, in accordance with the adjustment provisions in the last paragraph of Section 4.1).

SECTION 16. UNFUNDED STATUS OF PLAN

It is presently intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however, that unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.

SECTION 17. GENERAL PLAN PROVISIONS

1.General Provisions. The Plan will be administered in accordance with the following provisions and any other rule, guideline and practice determined by the Committee:

(be) Each person purchasing or receiving shares pursuant to an Award may be required to represent to and agree with the Company in writing that he or she is acquiring the shares without a view to the distribution of the shares.

(bf) The certificates for shares issued under an Award may include any legend which the Committee deems appropriate to reflect any restrictions on transfer.

(bg) Notwithstanding any other provision of the Plan, any Award, any Notice or any other agreements made pursuant thereto, the Company is not required to issue or deliver any shares of Common Stock prior to fulfillment of all of the following conditions:

(i) Listing or approval for listing upon notice of issuance, of such shares on the New York Stock Exchange, or such other securities exchange as may at the time be the principal market for the Common Stock;

(ii) Any registration or other qualification of such shares of the Company under any state or federal law or regulation, or the maintaining in effect of any such registration or other qualification which the Committee deems necessary or advisable; and

(iii) Obtaining any other consent, approval, or permit from any state or federal governmental agency which the Committee deems necessary or advisable.

(bh) The Company will not issue fractions of shares. Whenever, under the terms of the Plan, the aggregate number of shares required to be issued to a participant at a particular time includes a fractional share, one additional whole share will be issued to the participant in lieu of and in satisfaction for that fractional share.

(bi) In the case of a grant of an Award to any Eligible Individual of an Affiliate, the Company may, if the Committee so directs, issue or transfer the shares of Common Stock, if any, covered by the Award to the Affiliate, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Affiliate will transfer the shares of Common Stock to the Eligible Individual in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan.

All shares of Common Stock underlying Awards that are forfeited or canceled revert to the Company.

2.Employment. The Plan will not constitute a contract of employment, and adoption of the Plan will not confer upon any employee any right to continued employment, nor will it interfere in any way with the right of the Company or an Affiliate to terminate at any time the employment of any employee or the membership of any director on a board of directors or any consulting arrangement with any Eligible Individual.

3.Tax Withholding Obligations. No later than the date as of which the Company reasonably believes an amount first becomes includible in the gross income of the participant for federal income tax purposes with respect to any Award under the Plan, the participant will pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including Common Stock that is part of the Award that gives rise to the withholding requirement; provided, that not more than the legally required minimum withholding may be settled with Common Stock. The obligations of the Company under the Plan will be conditional on such payment or arrangements, and the Company and its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common Stock.

4.Beneficiaries. The Committee will establish such procedures as it deems appropriate for a participant to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights of the participant, after the participant’s death, may be exercised.

5.Governing Law. The Plan and all Awards made and actions taken thereunder will be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. Notwithstanding anything herein to the contrary, in the event an Award is granted to an Eligible Individual who is employed or providing services outside the United States and who is not compensated from a payroll maintained in the United States, the Committee may modify the provisions of the Plan and/or any such Award as they pertain to such individual to comply with and account for the tax and accounting rules of the applicable foreign law so as to maintain the benefit intended to be provided to such participant under the Award.

6.Nontransferability. Awards under the Plan are not transferable except by will or by laws of descent and distribution; provided, that this section shall not restrict the transferability of unrestricted cash or shares of Common Stock that were unrestricted when issued or that by their terms have become unrestricted.

7.Severability. Wherever possible, each provision of the Plan and of each Award and of each Notice will be interpreted in such a manner as to be effective and valid under applicable law. If any provision of the Plan, any Award or any Notice is found to be prohibited by or invalid under applicable law, then (a) such provision will be deemed amended to and to have contained from the outset such language as will be necessary to accomplish the objectives of the provision as originally written to the fullest extent permitted by law; and (b) all other provisions of the Plan and any Award will remain in full force and effect.

8.Strict Construction. No rule of strict construction will be applied against the Company, the Committee or any other person in the interpretation of the terms of the Plan, any Award, any Notice, any other agreement or any rule or procedure established by the Committee.

9.Stockholder Rights. Except as otherwise provided herein, no participant will have dividend, voting or other stockholder rights by reason of a grant of an Award or a settlement of an Award in cash.

EX-10.8D

Exhibit 10.8d

FMC CORPORATION

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT

FMC CORPORATION

INCENTIVE COMPENSATION AND STOCK PLAN

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made by and between FMC Corporation (the “Company”) and [_________________________]¹(the “Participant”).

WHEREAS, the Company maintains the FMC Corporation Incentive Compensation and Stock Plan (the “Plan”); and

WHEREAS, the Plan authorizes the grant of Performance Units and

WHEREAS, to compensate the Participant for his past and anticipated future contributions to the Company and to further align the Participant’s personal financial interests with those of the Company’s stockholders, the Compensation and Organization Committee of the Company’s Board of Directors approved this grant of Performance Units to the Participant on the terms described below, effective [____________________]²

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:

1.Grant of Restricted Stock Units.

(a)Pursuant to the Plan and as of the Grant Date, the Company hereby awards to the Participant a target number of [__________] Performance Units (the “Target Units”) up to a maximum number of [__________] Performance Units on the terms and conditions set forth herein (collectively, the “Units”). The terms of the Plan, as it may be amended and continued, are incorporated herein by this reference and made a part of this Agreement and will control the rights and obligations of the Company and the Participant under this Agreement. Capitalized terms not otherwise defined herein will have the same meanings as in the Plan. To the extent there is a conflict between the Plan and this Agreement, the Plan will prevail.

(b)Each Unit, once vested, represents an unfunded, unsecured right of the Participant to receive one share of Common Stock (each a “Share”) at a specified time. The Units will become vested, and Shares will be issued in respect of vested Units, as set forth in this Agreement.

2.Banked Units. For purposes of this Agreement, the term “Banked Unit”

means a Unit that has been tentatively credited for the Participant’s benefit based on the Participant’s service through a specified date and the satisfaction of applicable performance conditions as provided in this Section 2, or under the provisions of Section 7(b)(i) relating to additional Banked Units, provided, however, that a Banked Unit is not vested except to the extent provided in Section 3. Banked Units shall vest, and Shares associated with Banked Units shall become deliverable exclusively in accordance with Section 3.

_______________

¹Insert name of participant.

²Insert date of committee action to approve the grant.

(a)Calendar Year [Year 1]^3..Subject to the Participant’s continued employment by the Company or any of its Affiliates through December 31, [Year 1], 25% of the Target Units shall become “Banked Units”, subject to adjustment based upon the Company’s “Total Shareholder Return” (as defined below) relative to the Total Shareholder Return of the “Peer Companies” (as defined below) from January 1, [Year 1] until December 31, [Year 1] (the “ First Measurement Period”) in accordance with the Relative Total Shareholder Return Table (the “Relative Total Shareholder Return”) set forth in Section 2(e).

(b)Calendar Year [Year 2]⁴ Subject to the Participant’s continued employment by the Company or any of its Affiliates through December 31, [Year 2], 25% of the Target Units shall become “Banked Units”, subject to adjustment based upon the Company’s “Total Shareholder Return” relative to the Total Shareholder Return of the “Peer Companies” from January 1, [Year 2] until December 31, [Year 2] in accordance with the Relative Total Shareholder Return Table.

(c)Calendar Year [Year 3]⁵ .Subject to the Participant’s continued employment by the Company or any of its Affiliates through December 31, [Year 3], 25% of the Target Units shall become “Banked Units”, subject to adjustment based upon the Company’s “Total Shareholder Return” relative to the Total Shareholder Return of the “Peer Companies” from January 1, [Year 3] until December 31, [Year 3] in accordance with the Relative Total Shareholder Return Table.

(d)Cumulative Period [Year 1]-[Year 3]. Subject to the Participant’s continued employment by the Company or any of its Affiliates through December 31, [Year 3], 25% of the Target Units shall become “Banked Units”, subject to adjustment based upon the Company’s “Total Shareholder Return” relative to the Total Shareholder Return of the “Peer Companies” from January 1, [Year 1] until December 31, [Year 3] in accordance with the Relative Total Shareholder Return Table, provided that notwithstanding the Relative Total Shareholder Return Table, if the Company’s Total Shareholder Return for the cumulative period extending from January 1, [Year 1] through December 31, [Year 3] is negative, the maximum number of Units that may become Banked Units for this Cumulative Period shall not exceed 25% of the Target Units.

(e)Relative Total Shareholder Return Table.

Level	Percentile Ranking of Company’s Total Shareholder Return Versus Peer Group Total Shareholder Return	Percentage of the Target Units Banked
Below Threshold	Below the 35th Percentile	0%
Threshold	35th Percentile	50%
Target	50th  Percentile	100%
Maximum	80th Percentile or higher	200%

___________

³Year 1 will be filled in with the year of the grant.

⁴Year 2 will be filled in with the next year after the year of the grant.

⁵Year 3 will be filled in with the 2^nd year after the year of the grant.

(f) If the Company’s Relative Total Shareholder Return over the Measurement Period is between the levels set forth above, then the percentage of the Target Units that will become Banked Units will be ratably interpolated. If the Relative Total Shareholder Return at the end of a Measurement Period is below the 35^th percentile, then no Units shall be banked with respect to such Measurement Period.

(g) In the event the Participant’s employment terminates by reason of (i) Disability, (ii) death, (iii) Non-Approved Retirement, or (iv) by the Company without Cause other than within two years following a Change in Control, then the extent to which the Target Units shall become Banked Units shall be determined on a prorated basis based on the number of days the Participant was employed by the Company during each applicable Measurement Period, based on the actual Relative Total Shareholder Return for the full Measurement Period, as applicable.

(h) In the event the Participant’s employment terminates by reason of Approved Retirement, then the extent to which the Target Units shall become Banked Units shall be determined on the same basis as if the Participant had continued in active service to the Company through December 31, [Year 3].

(i)    Definitions

(i) “Total Shareholder Return” means with respect to any publicly traded company, including the Company, the positive or negative change in the market price of one share of such entity’s common stock over the Measurement Period, plus the aggregate amount of dividends paid with respect to a share of such company’s common stock over the Measurement Period, with such sum being divided by the market price of one share of such entity’s common stock at the commencement of the Measurement Period (in each case appropriately adjusted for any stock dividends, stock splits or other corporate transaction affecting shares of such company’s common stock).

(ii) The “Peer Companies” shall consist of the following entities⁶, Updated Peer Company list TBD. provided that such entities are still publicly traded as of the last day of the Measurement Period: Akzo Nobel NV, Huntsman Corporation, American Vanguard Corp, International Flavors and Fragrances, Inc., Albermarle Corporation, Olin Corporation, Ashland, Inc., BASF SE, CHR.Hansen Holdings AS, Celanese Corporation RPM International, Inc., Chemtura Corporation, Scott’s Miracle-GRO Company, Eastman Chemical Company, Ecolab Inc., Westlake Chemical Corporation, Ferro Corp, Ingredion, Inc., Koninkluke DSM NV, Minerals Technologies Inc., Monsanto Co., Newmarket Corp., Novozymes A/S, Nufarm LTD, Olin Corp., Polyone Corp, Schulman (A.) Inc., Sensient Technologies Corp., Syngenta AG ADR, Tate & Lyle PLC, Valhi, Inc., and Grace, (W.R.) & Company. Any entity which is not publicly traded as of the last day of the Measurement Period due to acquisition or through a going private transaction shall be removed from the Peer Companies from the beginning of the Measurement Period without replacement. Any entity which declares bankruptcy, is liquidated or is otherwise delisted during the Measurement Period shall remain in the Peer Companies and such entity’s performance shall be considered to have been at the bottom of the Peer Companies.

________

6 Updated Peer Company list TBD.

(iii) “Approved Retirement” means the cessation of the Participant’s employment after June 30, [Year 1] and after the Participant has (A) both attained age 62 and completed 10 years of service with the Employer or (B) attained age 65, provided that the Participant has commenced succession planning with the Company’s chief human resources executive (in accordance with procedures established by the Company) at least six months before the effective date of the Participant’s cessation of employment.

(iv) “Non-Approved Retirement” means the cessation of the Participant’s employment after the Participant has (A) both attained age 62 and completed 10 years of service with the Employer or (B) attained age 65, other than an Approved Retirement.

3.     Vesting.

(a)Subject to the Participant’s continued employment by the Company or any of its Affiliates through December 31, [Year 3], (the “Specified Date”), the Banked Units shall vest on the Specified Date.

(b)In the event the Participant’s employment terminates by reason of (i) Disability, (ii) death, (iii) Non-Approved Retirement, or (iv) by the Company without Cause other than within two years following a Change in Control, then such Participant’s Banked Units determined in accordance with Section 2(g) will remain outstanding and will vest and be delivered to the Participant, at the same time as delivery would have been made had the Participant not had a cessation of employment.

(c)In the event the Participant’s cessation of employment occurs by reason of Approved Retirement, then all of the Participant’s Banked Units shall vest on the Specified Date.

(d)If prior to the date the Units otherwise vest and within two years following a Change in Control the Participant’s employment is terminated either by the Company without Cause or by the Participant due to a resignation with Good Reason (as defined in Section 20), any of the Participant’s then outstanding Banked Units (including any pro-rated Banked Units that remain outstanding pursuant to Section 3(b) above, and any Banked Units that remain outstanding pursuant to Section 3(c) above), and all Target Units for incomplete Measurement Periods, will vest immediately prior to such event.

(e)Upon a cessation of the Participant’s employment with the Company or any of its Affiliates, any Banked Unit that has not become vested on or prior to the effective date of such cessation or any Banked Unit that does not specifically remain outstanding pursuant to Section 3(b), 3(c), or 3(d) will then be forfeited immediately and automatically and the Participant will have no further rights with respect thereto.

(f)The application of Sections 3(b)(iii), 3(b)(iv), 3(c), and 3(d) is in each case conditioned on (i) the Participant’s execution and delivery to the Company of a general release of claims against the Company and its affiliates in a form prescribed by the

Company, and (ii) such release becoming irrevocable within 60 days following the cessation of the Participant’s employment or such shorter period specified by the Company. For avoidance of doubt, if this release requirement is not timely satisfied, the Units will be forfeited as of the effective date of the cessation of the Participant’s employment and the Participant will have no further rights with respect thereto.

4.    Timing of Issuance.

(a)Subject to Section 4(b), with respect to any Units for which the applicable performance goal is satisfied, Shares will be issued in respect of all vested Units as soon as reasonably practicable following the date on which the Compensation Committee or the Board certifies the extent to which the applicable performance conditions have been satisfied, but not later than March 15 of the calendar year beginning after the Specified Date (or upon the Company’s termination of this arrangement in a manner consistent with the requirements of Treas. Reg. § 1.409A-3(j)(4)(ix)).

(b)Notwithstanding anything herein to the contrary:

(i)to the extent permitted by Treas. Reg. § 1.409A-3(j)(4)(vi), the issuance of Shares in respect of a number of vested Units will be accelerated to the date that employment taxes become payable with respect to this Award. Such number of Units will be equal to the reasonably estimated amount of employment taxes then required to be withheld and remitted, divided by the then current Fair Market Value;

(ii)to the extent the requirements of Treas. Reg. § 1.409A-2(b)(7)(ii) are met, the issuance of Shares hereunder will be delayed to the extent the Company reasonably anticipates that the issuance will violate Federal securities laws or other applicable laws; and

(iii)to the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) is necessary to avoid the application of an additional tax under Section 409A of the Code, Shares that are otherwise issuable upon the Grantee’s “separation from service” (as that term is defined in Treas. Reg. § 1.409A-1(h)) will be deferred (without interest) and issued to the Grantee immediately following that six month period.

(c)Fractional Shares will be rounded up to the next whole Share, except that where the number of Target Units granted is not divisible by 4, in calculating the portion of Target Units to be adjusted during each Measurement Period pursuant to Section 2 (the “25 % Calculation”), such 25% Calculation may be rounded up or down in any single Measurement Period so that the total of the 25% Calculations for all Measurement Periods shall not exceed the number of Target Units granted.

5. Non-Transferability. Neither the Units nor any right with respect thereto

may be assigned, alienated, pledged, attached, sold or otherwise transferred or

encumbered by the Participant other than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance will be void and unenforceable against the Company.

6.     Clawback Policy. To the extent the Participant is a current or former executive officer of the Company, the Award, any cash paid in respect of the Award, and the rights of the Participant hereunder, are subject to any policy (whether currently in existence or later adopted) established by the Company providing for clawback or recovery of amounts paid or credited to current or former executive officers of the Company. The Compensation Committee of the Company’s Board of Directors will make any determination for clawback or recovery under any such policy in its sole discretion and in accordance with any applicable law or regulation, and the Participant agrees to be bound by any such determination.

7.    Stockholder Rights.

(a) In General. The Participant will not have any stockholder rights or privileges, other than dividend equivalent rights, with respect to the Shares subject to Units until such Shares are actually issued and registered in the Participant’s name in the Company’s books and records.

(b) Dividend Equivalent Rights.

(i)Additional Banked Unit Credits. Except to the extent otherwise provided in Section 7(b)(ii), if:

(A)Cash dividends are paid with respect to Shares during [Year 1], [Year 2], or [Year 3], and

(B)The Participant is credited with Banked Units under Section 2(a), 2(b), 2(c), or 2(d); then

(i)the Participant shall be credited with an additional number of Banked Units as of:

a)December 31, [Year 1] (with respect to Banked Units credited under Section 2(a));

b)December 31, [Year 2] (with respect to Banked Units credited under Section 2(b));

c)December 31, [Year 3] (with respect to Banked Units credited under Section 2(c));

determined as the quotient of “w” divided by “x” where “w” equals the amount of cash dividends paid during the period beginning January 1, [Year 1] and ending on December 31 of the applicable calendar year with respect to a number of Shares equal to the number of Banked Units creditable under Section 2(a), 2(b) and 2(c), as applicable for each calendar year, as of the last day of each such calendar year, and “x” equals the closing price per Share on the last day of the applicable calendar year, rounded to the nearest whole Share; and

(ii)the Participant shall be credited with an additional number of Banked Units as of December 31, [Year 3] (with respect to Banked Units credited under Section 2(d)), determined as the quotient of “y” divided by “z” where “y” equals the aggregate amount of cash dividends paid during calendar years [Year 1], [Year 2] and [Year 3] with respect to a number of Shares equal to the number of

Banked Units creditable under Section 2(d) as of December 31, [Year 3], and “z” equals the closing price per Share on December 31, [Year 3], rounded to the nearest whole Share.

(ii)Additional Dividend Equivalent Unit Credits In Connection with a Change In Control. If:

(A)Cash dividends are paid with respect to Shares during [Year 1], [Year 2], [Year 3] or the period extending from [Year 1] through [Year 3] (each, a “Measurement Period”); and

(B)Any Measurement Period ends before the last December 31^st of the Measurement Period as the result of the Participant’s termination of employment as described in Section 3(d) (a “Partial Measurement Period”); and

(C)The Participant is credited with vested Units under Section 3(d);

then the Participant shall be credited with an additional number of vested Units as of the date of the Participant’s termination of employment. The additional number of vested Units for each Partial Measurement Period shall be determined as the quotient of “x” divided by “y” where “x” equals the aggregate amount of cash dividends paid during each Partial Measurement Period that ends on the date of such termination of employment with respect to a number of Shares equal to 25 percent of the Target Units, and “y” equals the closing price per Share on such date (or, if such date is not a trading date, the closing price per Share on the next preceding trading date), rounded to the nearest whole Share.

(iii)Dividend Equivalent Payments.

(A)[Year 2]. As soon as reasonably practicable following each cash dividend payment date with respect to Shares in [Year 2] (but not later than March 15, [Year 3]), the Company shall make a dividend equivalent payment to the Participant equal to the product of “x” multiplied by “y” where “x” is the cash dividend per Share and “y” is the number of Banked Units credited as of December 31, [Year 1].

(B)[Year 3]. As soon as reasonably practicable following each cash dividend payment date with respect to Shares in [Year 3] (but not later than March 15, [Year 4]⁷ ), the Company shall make a dividend equivalent payment to the Participant equal to the product of “x” multiplied by “y” where “x” is the cash dividend per Share and “y” is the number of Banked Units credited as of December 31, [Year 2].

Notwithstanding Section 7(b)(ii)(A) and Section 7(b)(ii)(B), upon a cessation of the Participant’s employment with the Company or any of its Affiliates, the Company shall not make any dividend equivalent payments with respect to any Banked Unit that has not become vested on or prior to the effective date of such cessation or with respect to any Banked Unit that does not specifically remain outstanding pursuant to Section 3(b), 3(c), or 3(d).

________

⁷Year 4 will be filled in with the 3^rd year after the year of the grant

8.     No Limitation on Rights of the Company. The granting of Units

will not in any way affect the right or power of the Company to make adjustments, reclassifications or changes in its capital or business structure or to merge, consolidate, reincorporate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

9.    Employment. Nothing in this Agreement or in the Plan will confer on

the Participant any right to continue in service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or Affiliate employing or retaining the Participant) to terminate the Participant’s employment at any time for any reason, with or without cause.

10.    Tax Treatment and Withholding.

(a)The Participant has had the opportunity to review with his or her own tax advisors the federal, state and local tax consequences of the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents.

(b)It is a condition to the Company’s obligation to issue Shares hereunder that the Participant pay to the Company such amount as may be required to satisfy all tax withholding obligations arising in connection with this Award (or otherwise make arrangements acceptable to the Company for the satisfaction of such tax withholding obligations). If the required withholding amount required is not timely paid or satisfied, the Participant’s right to receive such Shares will be permanently forfeited. The Company, in its discretion, may withhold Shares otherwise issuable hereunder in satisfaction of the minimum amount required to be withheld in connection with this Award (based on the Fair Market Value of such Shares on the date of such withholding). All cash payments under this Agreement are subject to applicable withholding, as determined by the Company in its discretion.

11.     Notices.

(a)Any notice required to be given or delivered to the Company under the terms of this Agreement will be addressed to it in care of its Secretary, FMC Corporation, at 1735 Market Street, Philadelphia, PA 19103, or if after May 13, 2016, at FMC Tower at Cira Centre South, 2929 Walnut Street, Philadelphia, PA 19104, and any notice to the Participant (or other person entitled to receive the Units) will be addressed to such person at the Participant’s address now on file with the Company, or to such other address as either may designate to the other in writing. Except as otherwise provided below in Section 11(b), any notice will be deemed to be duly given when enclosed in a properly sealed envelope addressed as stated above and deposited, postage paid, in a post office or branch post office regularly maintained by the United States government.

(b)The Participant hereby authorizes the Company to deliver electronically any prospectuses or other documentation related to this Award, the Plan and any other compensation or benefit plan or arrangement in effect from time to time (including, without limitation, reports, proxy statements or other documents that are required to be delivered to participants in such plans or arrangements pursuant to federal or state laws, rules or regulations). For this purpose, electronic delivery will include, without limitation, delivery by means of e-mail or e-mail notification that such

documentation is available on the Company’s Intranet site. Upon written request, the Company will provide to the Participant a paper copy of any document also delivered to the Participant electronically. The authorization described in this paragraph may be revoked by the Participant at any time by written notice to the Company.

12.    Beneficiaries. In the event of the death of the Participant, the issuance of Shares, if any, under Section 3 shall be made in accordance with the Participant’s written beneficiary designation on file with the Company or its representative and/or agent (if such a designation has been duly filed with the Company or its representative and/or agent, in the form prescribed by the Company and in accordance with the notice provisions of Section 11(a)). In the absence of any such beneficiary designation, the delivery of Shares, if any, under Section 3 will be made to the person or persons to whom the Participant’s rights shall pass by will or by the applicable laws of intestacy.

13.     Administration. By entering into this Agreement, the Participant agrees and acknowledges that (a) the Company has provided or made available to the Participant a copy of the Plan, (b) he or she has read the Plan, (c) all Units are subject to the Plan, (d) in the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern, and (e) pursuant to the Plan, the Committee is authorized to interpret the Plan and to adopt rules and regulations not inconsistent with the Plan as it deems appropriate. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee with respect to questions arising under the Plan or this Agreement.

14.     Entire Agreement. This Agreement, together with the Plan, represents the entire agreement between the parties with respect to the subject matter hereof and supersedes any prior agreement, written or otherwise, relating to the subject matter hereof. This Agreement may only be amended by a writing signed by each of the parties hereto.

15.    Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware without regard to the principles of conflicts-of-laws.

16.    Privacy. By signing this Agreement, the Participant hereby acknowledges and agrees to the Company’s transfer of certain personal data of such Participant to the Company for purposes of implementing, performing or administering the Plan or any related benefit. Participant expressly gives his consent to the Company to process such personal data.

17.    Claims Procedure.

(a)To the extent the issuance of Shares hereunder is deferred until cessation of employment, this Agreement is intended to constitute part of a “top-hat” plan described in Section 201(2) of ERISA. Therefore, to initiate a claim with respect to the settlement of Units, the Participant (or the person to whom ownership rights may have passed by will or the laws of descent and distribution) (the “Claimant”) must file a written request with the Company. Upon receipt of such claim, the Company will advise the Claimant within ninety (90) days of receipt of the claim whether the claim is denied. If special circumstances require more than ninety (90) days for processing, the Claimant will

be notified in writing within ninety (90) days of filing the claims than the Company requires up to an additional ninety (90) days to reply. The notice will explain what special circumstances make an extension necessary and indicate the date a final decision is expected to be made.

(b)If the claim is denied in whole or in part, the Claimant will be provided a written opinion, in language calculated to be understood by the Claimant, setting forth (i) the specific reason(s) for the denial of the claim, or any part of it, (ii) specific reference(s) to pertinent provisions of the Plan or this Agreement upon which such denial was based, (iii) a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary, (iv) an explanation of the claim appeal procedure set forth in Section 17(c), below; and (v) a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA following an adverse determination upon appeal.

(c)Within sixty (60) days after receiving a notice from the Company that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s duly authorized representative) may file with the Company a written request for a review of the denial of the claim. The Claimant or his duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Company. If the Claimant does not request a review of the initial determination within such sixty (60) days period, the Claimant will be barred and estopped from challenging the determination.

(d)Within sixty (60) days after the Company’s receipt of a request for review, it will review the initial determination. After considering all materials presented by the Claimant, without regard to whether such materials were submitted or considered in the initial review, the Company will render a written opinion. The manner and content of the final decision will include the same information described above in Section 17(b) with respect to the initial determination. If special circumstances require that the sixty (60) day time period be extended, the Company will so notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review. The notice will explain what special circumstances make an extension necessary and indicate the date a final decision is expected to be made. Any decision on appeal will be final, conclusive and binding upon all parties.

18.    Section Headings. The headings of sections and paragraphs of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement.

19.     Counterparts; Facsimile. This Agreement may be executed in multiple counterparts (including by facsimile signature), each of which will be deemed to be an original, but all of which together will constitute but one and the same instrument.

20.    Good Reason. For purposes of this Agreement, “Good Reason” will have the meaning defined in the Participant’s Individual Agreement, if any. If no Individual Agreement exists, “Good Reason” will mean the occurrence of any one or more of the following:

(a)The assignment to the Participant of duties materially inconsistent with his or her authorities, duties, responsibilities or position, or a material adverse change in the Participant’s authorities, duties, responsibilities, position or reporting requirements;

(b)The Company’s relocation of the Participant’s principal worksite by more than (50) miles, excepting travel substantially consistent with the Participant’s business obligations; or

(c)A material reduction in the Participant’s base salary. provided that any such event will constitute Good Reason only if the Participant notifies the Company in writing of such event within 90 days following the initial occurrence thereof, the Company fails to cure such event within 30 days after receipt from the Participant of written notice thereof, and the Participant resigns his or her employment within 180 days following the initial occurrence of such event.

IN WITNESS WHEREOF, the Company’s duly authorized representative and the Participant have each executed this Agreement on the respective date below indicated.

FMC CORPORATION

By:

Title:

Date:

PARTICIPANT

Signature:

Address:

Date:

EX-12

Exhibit 12

FMC CORPORATION

STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in Millions, Except Ratios)	Three Months Ended March 31
	2016		2015
Earnings:
Income (loss) from continuing operations before income taxes	$	85.7	$	(110.2	)
Equity in (earnings) loss of affiliates	—		0.1
Interest expense and amortization of debt discount, fees and expenses	20.8		14.0
Amortization of capitalized interest	0.6		1.1
Interest included in rental expense	2.2		1.9
Total earnings (losses)	$	109.3	$	(93.1	)
Fixed charges:
Interest expense and amortization of debt discount, fees and expenses	$	20.8	$	14.0
Interest capitalized as part of fixed assets	1.5		2.3
Interest included in rental expense	2.2		1.9
Total fixed charges	$	24.5	$	18.2
Ratio of earnings to fixed charges (1)	4.5		(5.1		)

(1) In calculating this ratio, earnings consist of income (loss) from continuing operations before income taxes plus interest expense, net, amortization expense related to debt discounts, fees and expenses, amortization of capitalized interest, interest included in rental expenses (assumed to be one-third of rent) and Equity in (earnings) loss of affiliates. Fixed charges consist of interest expense, amortization of debt discounts, fees and expenses, interest capitalized as part of fixed assets and interest included in rental expenses.

EX-15

Exhibit 15

Letter re: Unaudited Interim Financial Information

May 3, 2016

FMC Corporation

Philadelphia, Pennsylvania

Re: Registration Statements on Form S-3 (No. 333-209746) andForm S-8 (Nos. 333-64702, 333-62683, 333-36973, 333-24039, 333-18383, 333-69805, 333-69714, 333-111456, 333-172387, and 333-172388).

With respect to the subject registration statements, we acknowledge our awareness of the use therein of our report dated May 3, 2016 related to our review of interim financial information.

Pursuant to Rule 436 under the Securities Act of 1933 (the Act), such report is not considered part of a registration statement prepared or certified by an independent registered public accounting firm, or a report prepared or certified by an independent registered public accounting firm within the meaning of Sections 7 and 11 of the Act.

/s/ KPMG LLP

Philadelphia, Pennsylvania

EX-31.1

Exhibit 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Pierre R. Brondeau, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of FMC Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonable likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 3, 2016

/s/ Pierre R. Brondeau

Pierre R. Brondeau

President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CHIEF FINANCIAL OFFICER CERTIFICATION

I, Paul W. Graves, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of FMC Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonable likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 3, 2016

/s/ Paul W. Graves

Paul W. Graves

Executive Vice President and

Chief Financial Officer

EX-32.1

Exhibit 32.1

CEO CERTIFICATION OF QUARTERLY REPORT

I, Pierre R. Brondeau, President and Chief Executive Officer of FMC Corporation (“the Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, based on my knowledge that:

(1) the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2016 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 3, 2016

/s/ Pierre R. Brondeau

Pierre R. Brondeau

President and Chief Executive Officer

EX-32.2

Exhibit 32.2

CFO CERTIFICATION OF QUARTERLY REPORT

I, Paul W. Graves, Executive Vice President and Chief Financial Officer of FMC Corporation (“the Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, based on my knowledge that:

(1) the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2016 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 3, 2016

/s/ Paul W. Graves

Paul W. Graves

Executive Vice President and

Chief Financial Officer

XML

Document and Entity Information Document	3 Months Ended
	Mar. 31, 2016 shares
Document and Entity Information [Abstract]
Entity Registrant Name	FMC CORPORATION
Entity Central Index Key	0000037785
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding	133,751,548

XML

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue	$ 798.8	$ 659.4
Costs and Expenses
Costs of sales and services	517.4	408.7
Gross margin	281.4	250.7
Selling, general and administrative expenses	126.5	297.9
Research and development expenses	36.0	26.6
Restructuring and other charges	12.4	22.3
Total costs and expenses	692.3	755.5
Income from continuing operations before equity in (earnings) loss of affiliates, interest expense, net and income taxes	106.5	(96.1)
Equity in (earnings) loss of affiliates	0.0	0.1
Interest expense, net	20.8	14.0
Income (loss) from continuing operations before income taxes	85.7	(110.2)
Provision (benefit) for income taxes	30.9	(49.1)
Income (loss) from continuing operations	54.8	(61.1)
Discontinued operations, net of income taxes	(6.1)	15.6
Net income (loss)	48.7	(45.5)
Less: Net income attributable to noncontrolling interests	0.4	1.3
Net income (loss) attributable to FMC stockholders	48.3	(46.8)
Amounts attributable to FMC stockholders:
Continuing operations, net of income taxes	54.4	(62.4)
Discontinued operations, net of income taxes	(6.1)	15.6
Net income (loss) attributable to FMC stockholders	$ 48.3	$ (46.8)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations (in USD per share)	$ 0.41	$ (0.47)
Discontinued operations (in USD per share)	(0.05)	0.12
Net income (loss) attributable to FMC stockholders (in USD per share)	0.36	(0.35)
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations (in USD per share)	0.41	(0.47)
Discontinued operations (in USD per share)	(0.05)	0.12
Net income (loss) attributable to FMC stockholders (in USD per share)	$ 0.36	$ (0.35)

XML

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016		Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 48.7		$ (45.5)
Foreign currency adjustments:
Foreign currency translation gain (loss) arising during the period		52.3		(39.7)
Total foreign currency translation adjustments	[1]	52.3		(39.7)
Derivative instruments:
Unrealized hedging gains (losses) and other, net of tax of ($.8) and $0.4 for the three ended March 31, 2016 and 2015, respectively		2.3		2.3
Reclassification of deferred hedging (gains) losses and other, included in net income, net of tax of $1.2 and ($1.2) for the three months ended March 31, 2016 and 2015, respectively	[2]	2.4		(1.8)
Total derivative instruments, net of tax		4.7	[3]	0.5
Pension and other postretirement benefits:
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax of zero and ($4.7) for the three months ended March 31, 2016 and 2015, respectively	[4]	0.0		(5.9)
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income, net of tax of $3.6 and $6.7 for the three months ended March 31, 2016 and 2015, respectively	[2]	6.3		11.7
Total pension and other postretirement benefits, net of tax of $3.6 and $2.0 for the three months ended March 31, 2016 and 2015, respectively		6.3	[3]	5.8
Other comprehensive income (loss), net of tax		63.3		(33.4)
Comprehensive income (loss)		112.0		(78.9)
Less: Comprehensive income attributable to the noncontrolling interest		0.5		1.3
Comprehensive income (loss) attributable to FMC stockholders		$ 111.5		$ (80.2)

[1] Income taxes are not provided on the equity in undistributed earnings of our foreign subsidiaries or affiliates since it is our intention that such earnings will remain invested in those affiliates permanently.

[2] For more detail on the components of these reclassifications and the affected line item in the condensed consolidated statements of income (loss) see Note 13.

[3] See condensed consolidated statements of comprehensive income (loss).

[4] At December 31st of each year, we remeasure our pension and postretirement plan obligations at which time we record any actuarial gains (losses) and prior service (costs) credits to other comprehensive income. The interim adjustments noted above typically reflect the foreign currency translation impacts from the unrealized actuarial gains (losses) and prior service (costs) credits related to our foreign pension and postretirement plans. The amounts for the three months ended March 31, 2015 include adjustments to comprehensive income as the results of the disposal of our FMC Alkali Chemicals division. This disposal triggered a curtailment of our U.S. pension plans. See Note 14 for more information.

XML

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Unrealized hedging gains (losses) and other, tax	$ (0.8)	$ 0.4
Reclassification of deferred hedging gains (losses) and other, included in net income, tax	1.2	(1.2)
Total derivative instruments, tax	0.4	(0.8)
Unrealized actuarial gains (losses) and prior service (costs) credits, tax	0.0	(4.7)
Reclassification of net actuarial and other (gain) loss and amortization of prior service costs, included in net income, tax	3.6	6.7
Total pension and other postretirement benefits, tax	$ 3.6	$ 2.0

XML

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Assets, Current [Abstract]
Cash and cash equivalents	$ 64.3	$ 78.6
Trade receivables, net of allowance of $17.5 in 2016 and $13.9 in 2015	1,769.2	1,851.4
Inventories	854.9	800.2
Prepaid and other current assets	266.8	241.7
Total current assets	2,955.2	2,971.9
Investments	2.8	2.5
Property, plant and equipment, net	1,027.8	1,016.4
Goodwill	800.7	776.1
Other intangibles, net	869.8	837.0
Other assets including long-term receivables, net	451.5	435.1
Deferred income taxes	282.6	286.9
Total assets	6,390.4	6,325.9
Current liabilities
Short-term debt and current portion of long-term debt	114.2	112.6
Accounts payable, trade and other	516.4	403.6
Advance payments from customers	51.0	249.9
Accrued and other liabilities	317.7	337.6
Accrued customer rebates	336.2	256.1
Guarantees of vendor financing	80.8	67.2
Accrued pension and other postretirement benefits, current	6.4	6.4
Income taxes	28.6	19.9
Total current liabilities	1,451.3	1,453.3
Long-term debt, less current portion	1,986.2	2,036.3
Accrued pension and other postretirement benefits, long-term	187.5	194.2
Environmental liabilities, continuing and discontinued	277.1	281.8
Deferred income taxes	181.9	173.2
Other long-term liabilities	$ 303.1	$ 278.8
Commitments and contingent liabilities
Equity
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued in 2016 or 2015	$ 0.0	$ 0.0
Common stock, $0.10 par value, authorized 260,000,000 shares; 185,983,792 issued shares at 2016 and 2015	18.6	18.6
Capital in excess of par value of common stock	422.2	417.7
Retained earnings	3,411.1	3,385.0
Accumulated other comprehensive income (loss)	(394.1)	(457.3)
Treasury stock, common, at cost - 2016: 52,232,244 shares, 2015: 52,328,015 shares	(1,497.6)	(1,498.3)
Total FMC stockholders’ equity	1,960.2	1,865.7
Noncontrolling interests	43.1	42.6
Total equity	2,003.3	1,908.3
Total liabilities and equity	$ 6,390.4	$ 6,325.9

XML

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for trade receivables	$ 17.5	$ 13.9
Preferred stock, par value (in USP per share)	$ 0	$ 0
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in USD per share)	$ 0.1	$ 0.10
Common stock, shares authorized	260,000,000	260,000,000
Common stock, shares issued	185,983,792	185,983,792
Treasury Stock, shares	52,232,244	52,328,015

XML

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Cash provided (required) by operating activities of continuing operations:
Net income (loss)		$ 48.7	$ (45.5)
Discontinued operations		6.1	(15.6)
Income (loss) from continuing operations		54.8	(61.1)
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:
Depreciation and amortization		33.6	22.8
Equity in (earnings) loss of affiliates		0.0	0.1
Restructuring and other charges (income)		12.4	22.3
Deferred income taxes		(1.2)	29.3
Pension and other postretirement benefits		3.8	10.7
Share-based compensation		6.2	4.5
Excess tax benefits from share-based compensation		(0.3)	(1.7)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:
Trade receivables, net		83.3	52.5
Guarantees of vendor financing		29.7	17.3
Inventories		(53.8)	(50.0)
Accounts payable		123.2	(35.6)
Advance payments from customers		(199.2)	(165.9)
Accrued customer rebates		79.4	87.6
Income taxes		24.3	(78.1)
Pension and other postretirement benefit contributions		(2.1)	(27.4)
Environmental spending, continuing, net of recoveries		(2.7)	(3.0)
Restructuring and other spending		(8.1)	(3.0)
Change in other operating assets and liabilities, net	[1]	(76.1)	(126.2)
Cash provided (required) by operating activities of continuing operations		107.2	(304.9)
Cash provided (required) by operating activities of discontinued operations:
Environmental spending, discontinued, net of recoveries		(3.6)	0.0
Other discontinued reserves		(3.3)	0.0
Operating activities of discontinued operations, net of recoveries		0.0	7.7
Cash provided (required) by operating activities of discontinued operations		(6.9)	7.7
Cash provided (required) by investing activities of continuing operations:
Capital expenditures		(41.8)	(36.9)
Proceeds from disposal of property, plant and equipment		0.1	0.3
Other investing activities		(2.8)	(17.6)
Cash provided (required) by investing activities of continuing operations		(44.5)	(54.2)
Cash provided (required) by investing activities of discontinued operations:
Other discontinued investing activities		0.0	(15.6)
Cash provided (required) by investing activities of discontinued operations		0.0	(15.6)
Cash provided (required) by financing activities of continuing operations:
Increase (decrease) in short-term debt		2.4	383.0
Repayments of long-term debt		(50.3)	(0.4)
Financing fees		(0.7)	0.0
Issuances of common stock, net		0.6	3.5
Excess tax benefits from share-based compensation		0.3	1.7
Dividends paid	[2]	(22.1)	(20.1)
Other repurchases of common stock		(1.2)	(2.9)
Cash provided (required) by financing activities of continuing operations		(71.0)	364.8
Effect of exchange rate changes on cash and cash equivalents		0.9	(2.1)
Increase (decrease) in cash and cash equivalents		(14.3)	(4.3)
Cash and cash equivalents, beginning of period		78.6	109.5
Cash and cash equivalents, end of period		$ 64.3	$ 105.2

[1] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities, including guarantees issued to vendors under our vendor finance program. Additionally, the March 31, 2015 change is impacted by a $93.8 million reduction in the Cheminova acquisition hedge liability. Total cash payments during the three months ended March 31, 2015 associated with the Cheminova acquisition hedges were $273.8 million, which includes $180.1 million that were accrued and paid within the period

[2] See Note 13 regarding quarterly cash dividend.

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Condensed Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash paid for interest, net of capitalized interest	$ 23.7	$ 18.0
Cash paid for taxes, net of refunds	8.0	11.1
Non-cash additions to property, plant and equipment	$ 9.1	5.5
Cheminova [Member]
Change in other operating assets and liabilities, net, including cash flow hedge		93.8
Payments for cash flow hedge		273.8
Payments for cash flow hedge, accrued and paid in current period		$ 180.1

XML

Financial Information and Accounting Policies

3 Months Ended

Mar. 31, 2016

Financial Information And Accounting Policies [Abstract]

Financial Information and Accounting Policies

Financial Information and Accounting Policies

In our opinion the condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applicable to interim period financial statements and reflect all adjustments necessary for a fair statement of results of operations and cash flows for the three months ended March 31, 2016 and 2015, and our financial positions as of March 31, 2016 and December 31, 2015. All such adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the Notes. The results of operations for the three months ended March 31, 2016 and 2015 are not necessarily indicative of the results of operations for the full year. The condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015, and the related condensed consolidated statements of income (loss), condensed consolidated statements of comprehensive income (loss) and condensed consolidated statements of cash flows for the three months ended March 31, 2016 and 2015, have been reviewed by our independent registered public accountants. The review is described more fully in their report included herein. Our accounting policies are set forth in detail in Note 1 to the consolidated financial statements included with our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2015 (the “2015 10-K”).

XML

Recently Issued and Adopted Accounting Pronouncements and Regulatory Items

3 Months Ended

Mar. 31, 2016

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recently Issued and Adopted Accounting Pronoucements and Regulatory Items

Recently Issued and Adopted Accounting Pronouncements and Regulatory Items

New accounting guidance and regulatory items

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-09, Compensation - Stock Compensation (Topic 718) (“ASU 2016-09”). ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The new standard is effective for fiscal year beginning after December 15, 2016, including interim periods within those fiscal years (i.e. a January 1, 2017 effective date).  We are evaluating the effect the guidance will have on our consolidated financial statements.

In February 2016, the FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842).  Under the new guidance, lessees will be required to recognize for all leases (with the exception of short-term leases) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.  The new standard is effective for fiscal year beginning after December 15, 2018, including interim periods within those fiscal years (i.e. a January 1, 2019 effective date).  We are evaluating the effect the guidance will have on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments--Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income.  We are evaluating the effect the guidance will have on our consolidated financial statements. 

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This guidance will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. We intend to adopt this standard for interim and annual periods beginning after December 15, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. In 2016, the FASB issued final amendments to clarify the implementation guidance for principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. We are evaluating the effect that ASU 2014-09 and subsequent amendments will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

Recently adopted accounting guidance

In April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in Cloud Computing Arrangements, whichprovides guidance to determine when a customer's fees paid in a cloud computing arrangement include a software license. If a cloud computing arrangement includes a software license. the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If the arrangement does not include a software license, the customer should account for a cloud computing arrangement as a service contract. The new standard was effective for annual reporting periods beginning after December 15, 2015 (i.e. January 1, 2016) and entities may elect to adopt the ASU prospectively or retrospectively. We have adopted the standard prospectively. There was no impact on our financial condition, results of operations or cash flows as a result of the adoption of this guidance.

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Acquisitions

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Acquisitions

Acquisitions

Cheminova A/S

On April 21, 2015, pursuant to the terms and conditions set forth in the Purchase Agreement, we completed the acquisition of 100 percent of the outstanding equity of Cheminova A/S, a Denmark Aktieselskab ("Cheminova") from Auriga Industries A/S, a Denmark Aktieselskab for an aggregate purchase price of $1.2 billion, excluding assumed net debt and hedged-related costs totaling $0.6 billion (the “Acquisition”). The Acquisition was funded with the October 10, 2014 term loan which was secured for the purposes of the Acquisition.

Cheminova is being integrated into our FMC Agricultural Solutions segment and has been included within our results of operations since the date of acquisition. The acquisition of Cheminova broadens our supply capabilities and strengthens our geographic footprint, particularly in Europe.

Purchase Price Allocation

The acquisition of Cheminova has been accounted for under the GAAP business combinations accounting guidance, and as such we have applied acquisition accounting. Acquisition accounting requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date. The aggregate purchase price noted above was allocated to the major categories of assets acquired and liabilities assumed based upon their estimated fair values at the Acquisition date using primarily Level 2 and Level 3 inputs (see Note 16 for an explanation of Level 2 and 3 inputs). These Level 2 and Level 3 valuation inputs include an estimate of future cash flows and discount rates. Additionally, estimated fair values are based, in part, upon outside preliminary appraisals for certain assets, including specifically-identified intangible assets.

The purchase price allocation is considered complete as of March 31, 2016. The allocation was subject to change within the measurement period (up to one year from the acquisition date) as additional information concerning final asset and liability valuations was obtained. Any changes to the initial allocation are referred to as measurement-period adjustments. Measurement-period adjustments since the filing of our 2015 Form 10-K were primarily related to decreases in the estimated fair values of certain current assets, property, plant and equipment and income taxes payable. These decreases were offset by increases in current liabilities, intangible assets and deferred income taxes. The effect of all measurement-period adjustments in the first quarter resulted in an increase to recognized goodwill of approximately $20 million.

The following table summarizes the consideration paid for Cheminova and the amounts of the assets acquired and liabilities assumed as of the acquisition date.

Purchase Price Allocation
(in Millions)
Trade receivables	$	488.1
Inventories (1)	362.4
Other current assets	53.6
Property, plant & equipment	186.4
Intangible assets (2)
Customer relationships	294.1
Brands	362.8
In-process research & development	1.4
Goodwill (3)	468.8
Other assets	84.5
Total fair value of assets acquired	$	2,302.1
Short-term debt	140.5
Other current liabilities	432.3
Environmental reserves	47.2
Long-term debt (4)	273.1
Deferred tax liabilities	165.1
Other liabilities	38.8
Total fair value of liabilities assumed	1,097.0
Total cash paid, less cash acquired	$	1,205.1

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(1) Fair value of finished goods inventory acquired included a step-up in the value of approximately $57.8 million, all of which was expensed in 2015 and included in "Cost of sales and services" on the condensed consolidated income statement.

(2) The weighted average useful life of the acquired finite-lived intangibles, which primarily represents the customer relationships, is approximately 20 years.

(3) Goodwill largely consists of expected cost synergies and economies of scale resulting from the business combination. None of the acquired goodwill will be deductible for income tax purposes.

(4) Long-term debt assumed primarily consisted of mortgage debt and borrowings under existing Cheminova credit facilities that were settled by FMC’s term loan in the second quarter of 2015.

Unaudited Pro Forma Financial Information

The following unaudited pro forma results of operations assume that the Acquisition occurred at the beginning of the periods presented. The pro forma amounts include certain adjustments, including interest expense on the borrowings utilized to complete the acquisition, depreciation and amortization expense and income taxes. The pro forma amounts for the three month period below exclude acquisition-related charges. The pro forma results do not include adjustments related to cost savings or other synergies that are anticipated as a result of the Acquisition. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been if the acquisition had occurred as of January 1, 2015, nor are they indicative of future results of operations.

	Three Months Ended March 31
(in Millions)	2016		2015
Pro forma Revenue (1)	$	798.8	$	963.0
Pro forma Diluted earnings per share (1)	$	0.36	$	0.55

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(1) For the three month ended March 31, 2016, pro forma results and actual results are the same.

Acquisition-related charges

Pursuant to GAAP, costs incurred to complete the Acquisition as well as costs incurred to integrate Cheminova into our operations are expensed as incurred. The following table summarizes the costs incurred associated with these combined activities.

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges
Legal and professional fees (1)	$	7.4	$	10.6
(Gain)/loss on hedging purchase price (2)	—		180.1
Total Acquisition-related charges	$	7.4	$	190.7
Restructuring charges and asset disposals
Cheminova restructuring	3.0		—
Total Cheminova restructuring charges (3)	$	3.0	$	—

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(1) Represents transaction costs, costs for transitional employees, other acquired employees related costs and integration-related legal and professional third-party fees. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

(2) See "Cheminova Acquisition Hedge Costs" below for more information on these charges. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

(3) See Note 8 for more information. These charges are recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss).

Cheminova Acquisition Hedge Costs

Pursuant to the terms and conditions set forth in the Purchase Agreement, we agreed to acquire all of the outstanding equity of Cheminova from Auriga for an aggregate purchase price of $8.5 billion Danish krone ("DKK"). At the time we entered into the Purchase Agreement, the U.S. dollar ("USD" or “$”) to DKK exchange rate was USD $1.00 to DKK $5.77, resulting in a USD purchase price of $1.47 billion, excluding assumed debt of approximately $0.3 billion. In order to minimize our exposure to adverse changes in the USD to DKK exchange rate from September 8, 2014 to April 21, 2015 (the acquisition close date), we entered into a series of foreign currency forward contracts ("FX forward contracts"). The FX forward contracts provided us the ability to fix the USD to DKK exchange rate for most of the DKK $8.5 billion purchase price, thereby limiting our exposure to foreign currency rate fluctuations. Over the period from September 2014 to April 21, 2015 the USD strengthened against the DKK by approximately 21 percent to an exchange rate of USD $1.00 to DKK $6.96. The strengthening of the USD against the DKK results in a lower USD purchase price for Cheminova. Partially offsetting this was a mark-to-market net loss settlement on the FX forward contracts of $180.1 million through the first quarter of 2015.

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Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill by business segment are presented in the table below:

(in Millions)	FMC Agricultural Solutions		FMC Health and Nutrition		FMC Lithium		Total
Balance, December 31, 2015	$	479.5	$	296.6	$	—	$	776.1
Acquisitions	—		—		—		—
Purchase price allocation adjustments (See Note 3)	20.4		—		—		20.4
Foreign currency adjustments	—		4.2		—		4.2
Balance, March 31, 2016	$	499.9	$	300.8	$	—	$	800.7

There were no events or circumstances indicating that goodwill might be impaired as of March 31, 2016.

Our intangible assets, other than goodwill, consist of the following:

	March 31, 2016							December 31, 2015
(in Millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	454.9	$	(46.6	)	$	408.3	$	435.5	$	(40.8	)	$	394.7
Patents	2.2		(0.3		)	1.9		2.2		(0.3		)	1.9
Brands (1)	15.6		(3.6		)	12.0		14.2		(2.7		)	11.5
Purchased and licensed technologies	71.5		(30.8		)	40.7		71.0		(29.5		)	41.5
Other intangibles	3.5		(2.2		)	1.3		3.5		(2.2		)	1.3
	$	547.7	$	(83.5	)	$	464.2	$	526.4	$	(75.5	)	$	450.9

Intangible assets not subject to amortization (indefinite life)
Brands (1)	$	404.1				$	404.1	$	384.7				$	384.7
In-process research & development	1.5					1.5		1.4					1.4
	$	405.6				$	405.6	$	386.1				$	386.1
Total intangible assets	$	953.3	$	(83.5	)	$	869.8	$	912.5	$	(75.5	)	$	837.0

(1) Represents trademarks, trade names and know-how.

At March 31, 2016, the finite-lived and indefinite life intangibles were allocated among our business segments as follows:

(in Millions)	Finite-lived		Indefinite Life
FMC Agricultural Solutions	$	394.4	$	390.1
FMC Health and Nutrition	68.7		15.5
FMC Lithium	1.1		—
Total	$	464.2	$	405.6

	Three Months Ended March 31
(in Millions)	2016		2015
Amortization expense	$	7.1	$	2.6

The estimated pre-tax amortization expense for fiscal year 2016 is $31 million and is estimated to be $30 million for each fiscal year from 2017 to 2020. The estimated pre-tax amortization expense may fluctuate due to changes in foreign currency.

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Receivables

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Receivables

Receivables

The following table displays a roll forward of the allowance for doubtful trade receivables.

(in Millions)
Balance, December 31, 2014	$	37.2
Additions — charged to expense	5.9
Transfer to long-term allowance	(29.2		)
Balance, December 31, 2015	13.9
Additions — charged to expense	4.8
Net Recoveries and write- offs	(1.2		)
Balance, March 31, 2016	$	17.5

The company has financing receivables that represent long-term customer receivable balances related to past due accounts which are not expected to be collected within the current year. The net long-term customer receivables were $116.6 million as of March 31, 2016. These long-term customer receivable balances and the corresponding allowance are included in Other assets on the condensed consolidated balance sheet. For these long-term customer receivables, interest is no longer accrued when the receivable is determined to be delinquent and classified as long-term based on the estimated timing of collection.

A portion of these long-term receivables have payment contracts. We have no reason to believe payments will not be made based upon the credit quality of these customers.  Additionally, we also hold significant collateral against these customers including rights to property or other assets as a form of credit guarantee. If the customer does not pay or gives indication that they will not pay, these guarantees allow us to start legal action to block the sale of the customer’s harvest. On an ongoing basis, we continue to evaluate the credit quality of our financing receivables using aging of receivables, collection experience and write-offs, as well as evaluating existing economic conditions, to determine if an additional allowance is necessary.     

The following table displays a roll forward of the allowance for credit losses related to long-term customer receivables.

(in Millions)
Balance, December 31, 2014	$	—
Transfer from allowance for doubtful accounts (see above)	29.2
Net Recoveries and write- offs	—
Balance, December 31, 2015	$	29.2
Additions - charged to expense	2.0
Net Recoveries and write- offs	—
Balance March 31, 2016	$	31.2

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Inventories

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

(in Millions)	March 31, 2016			December 31, 2015
Finished goods	$	425.2		$	350.0
Work in process	269.3			275.4
Raw materials, supplies and other	321.2			335.6
First-in, first-out inventory	$	1,015.7		$	961.0
Less: Excess of first-in, first-out cost over last-in, first-out cost	(160.8		)	(160.8		)
Net inventories	$	854.9		$	800.2

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Property, Plant and Equipment

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consisted of the following:

(in Millions)	March 31, 2016			December 31, 2015
Property, plant and equipment	$	1,814.2		$	1,784.6
Accumulated depreciation	(786.4		)	(768.2		)
Property, plant and equipment, net	$	1,027.8		$	1,016.4

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Restructuring and Other Charges (Income)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges (Income)

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 March 31
(in Millions)	2016		2015
Restructuring charges and asset disposals	$	3.2	$	5.4
Other charges (income), net	9.2		16.9
Total restructuring and other charges	$	12.4	$	22.3

Restructuring charges and asset disposals

Detail on the 2016 restructuring charges and asset disposal activities is provided below. For detail on restructuring activities which commenced prior to 2016, see Note 7 to our consolidated financial statements included with our 2015 Form 10-K.

2016 Restructuring Activities

Cheminova Restructuring

In 2015, we completed the acquisition of Cheminova; see Note 3 for more details. As part of the integration of Cheminova into our existing FMC Agricultural Solutions segment we implemented a restructuring plan. The restructuring plan includes workforce reductions, relocation of current operating locations, lease termination fees and fixed asset accelerated depreciation as well as fixed asset disposal charges at several of our FMC Agricultural Solutions' facilities. In 2016 these restructuring activities continued.

	Restructuring Charges
(in Millions)	Severance and Employee Benefits (1)		Other Charges (Income) (2)			Asset Disposal Charges (3)		Total
Cheminova Restructuring	$	1.8	$	—		$	1.2	$	3.0
Other Items	0.4		(0.2		)	—		0.2
Three months ended March 31, 2016	$	2.2	$	(0.2	)	$	1.2	$	3.2
Health and Nutrition Restructuring	$	0.8	$	0.1		$	1.2	$	2.1
Lithium Restructuring	0.3		—			—		0.3
Other Items	3.3		(0.3		)	—		3.0
Three months ended March 31, 2015	$	4.4	$	(0.2	)	$	1.2	$	5.4

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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 recoveries associated with restructuring.

(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.

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.

(in Millions)	Balance at 12/31/15 (4)		Change in reserves (2)		Cash payments			Other			Balance at 3/31/16 (3)
Cheminova Restructuring	$	8.7	$	1.8	$	(5.9	)	$	(2.9	)	$	1.7
Other Workforce Related and Facility Shutdowns (1)	6.5		0.2		(2.2		)	(0.5		)	4.0
Restructuring activities related to discontinued operations (4)	0.4		—		—			—			0.4
Total	$	15.6	$	2.0	$	(8.1	)	$	(3.4	)	$	6.1

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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 that impacted our property, plant and equipment balances and are not included in the above tables.

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

(4) Cash spending associated with restructuring activities of discontinued operations is reported within "Other discontinued reserves" on the condensed consolidated statements of cash flows.

Other charges (income), net

	Three Months Ended March 31
(in Millions)	2016			2015
Environmental charges, net	$	6.6		$	1.9
Argentina devaluation	4.2			—
Other items, net	(1.6		)	15.0
Other charges (income), net	$	9.2		$	16.9

Environmental charges, net

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

Argentina Devaluation

On December 17, 2015, the Argentina government initiated actions to significantly devalue its currency. These actions continued into a portion of first quarter of 2016. These actions created an immediate loss associated with the impacts of the remeasurement of our local balance sheet. The loss was attributable to our Lithium and Agricultural Solutions operations. Because of the severity of the event and its immediate impact to our operations in the country, the charge associated with the remeasurement was included within restructuring and other charges in our condensed consolidated income statement during the period.  We believe these actions have ended and do not expect further charges for remeasurement to be included within restructuring and other charges. 

Other items, Net

During 2015, our FMC Agricultural Solutions segment entered into collaboration and license agreements with various third parties for the purpose of obtaining certain technology and intellectual property rights relating to compounds under development. The rights and technology obtained is referred to as in-process research and development and in accordance with GAAP, the amounts paid are expensed as incurred since they were acquired outside of a business combination. We entered into one such arrangement in the first quarter of 2015.

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Debt

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Debt

Debt

Debt maturing within one year:

(in Millions)	March 31, 2016		December 31, 2015
Short-term foreign debt (1)	$	76.7	$	87.2
Commercial paper (2)	35.7		23.9
Total short-term debt	$	112.4	$	111.1
Current portion of long-term debt	1.8		1.5
Short-term debt and current portion of long-term debt	$	114.2	$	112.6

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(1) At March 31, 2016, the average interest rate on the borrowings was 9.2%. We often provide parent-company guarantees to lending institutions that extend credit to our foreign subsidiaries.

(2) At March 31, 2016, the average interest rate on the borrowings was 0.65%.

Long-term debt:

(in Millions)	March 31, 2016
	Interest Rate Percentage	Maturity Date	March 31, 2016			December 31, 2015
Pollution control and industrial revenue bonds (less unamortized discounts of $0.2 and $0.2, respectively)	0.6-6.5%	2021-2035	$	141.5		$	141.5
Senior notes (less unamortized discount of $1.6 and $1.7, respectively)	3.95-5.2%	2019-2024	998.4			998.3
Term Loan Facility	1.8%	2020	850.0			900.0
Credit Facility (1)	2.9%	2019	—			—
Foreign debt	0-9.3%	2016-2024	10.2			9.9
Debt issuance cost			(12.1		)	(11.9		)
Total long-term debt			$	1,988.0		$	2,037.8
Less: debt maturing within one year			1.8			1.5
Total long-term debt, less current portion			$	1,986.2		$	2,036.3

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(1) Letters of credit outstanding under our Credit Facility totaled $53.6 million and available funds under this facility were $1,410.7 million at March 31, 2016, which reflects borrowings under our commercial paper program.

Covenants

Among other restrictions, our Credit Facility and Term Loan Facility contain financial covenants applicable to FMC and its consolidated subsidiaries related to leverage (measured as the ratio of debt to adjusted earnings) and interest coverage (measured as the ratio of adjusted earnings to interest expense). Our actual leverage for the four consecutive quarters ended March 31, 2016, was 4.0 which is below the maximum leverage of 4.5 at March 31, 2016. Our actual interest coverage for the four consecutive quarters ended March 31, 2016, was 6.7 which is above the minimum interest coverage of 3.5. We were in compliance with all covenants at March 31, 2016.

On March 24, 2016 we amended our Credit Facility and Term Loan Facility. Among other things, the amendments amended the maximum leverage ratio financial covenant.

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Discontinued Operations

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

FMC Alkali:

On April 1, 2015, we completed the previously disclosed sale of our FMC Alkali Chemicals division ("ACD") for $1,649.8 million to a wholly owned subsidiary of Tronox Limited ("Tronox"). The sale resulted in approximately $1,198.5 million in after-tax cash proceeds. The sale resulted in a pre-tax gain of $1,080.2 million ($702.1 million net of tax) in 2015.

The results of our discontinued FMC ACD operations are summarized below:

(in Millions)	Three Months Ended March 31
	2016		2015
Revenue	$	—	$	194.0
Costs of sales and services	—		149.2
Income (loss) from discontinued operations before income taxes (1)	—		19.0
Provision for income taxes	—		0.4
Total discontinued operations of FMC ACD, net of income taxes	$	—	$	18.6
Less: discontinued operations of FMC ACD attributable to noncontrolling interests	$	—	$	—
Discontinued operations of FMC ACD, net of income taxes, attributable to FMC Stockholders	$	—	$	18.6

____________________

(1) For the three months ended March 31, 2016 and 2015, respectively, amounts include zero and $2.2 million of allocated interest expense, zero and $11.3 million of divestiture related charges and zero and $5.3 million of a pension curtailment charge. Interest was allocated in accordance with relevant discontinued operations accounting guidance.

In addition to our discontinued FMC Alkali Chemicals division, our other discontinued operations include adjustments to retained liabilities. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities.

Our discontinued operations comprised the following:

(in Millions)	Three Months Ended March 31
	2016			2015
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $0.9 and ($0.3) for the three months ended March 31, 2016 and 2015, respectively	$	(0.4	)	$	(2.5	)
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $1.2 and $1.9 for the three months ended March 31, 2016 and 2015, respectively (1)	(3.0		)	(0.6		)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $1.6 and ($0.1) for the three months ended March 31, 2016 and 2015, respectively	(2.7		)	0.1
Discontinued operations of FMC Alkali Chemicals, net of income tax benefit (expense) of zero and ($0.4) for the three months ended March 31, 2016 and 2015, respectively	—			18.6
Discontinued operations, net of income taxes	$	(6.1	)	$	15.6

____________________

(1) See a roll forward of our environmental reserves, as well as, discussion on significant environmental issues that occurred during the 2016 in Note 11.

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Environmental Obligations

3 Months Ended

Mar. 31, 2016

Environmental Remediation Obligations [Abstract]

Environmental Obligations

Environmental Obligations

We have reserves for potential environmental obligations which management considers probable and which management can reasonably estimate. The table below is a roll forward of our total environmental reserves, continuing and discontinued:

(in Millions)	Gross			Recoveries (3)			Net
Total environmental reserves at December 31, 2015	$	348.2		$	(7.3	)	$	340.9
Provision/(benefit)	12.6			—			12.6
(Spending)/recoveries	(6.3		)	—			(6.3		)
Foreign currency translation adjustments	1.8			—			1.8
Net change	8.1			—			8.1
Total environmental reserves at March 31, 2016	$	356.3		$	(7.3	)	$	349.0
Environmental reserves, current (1)	76.0			(4.1		)	71.9
Environmental reserves, long-term (2)	280.3			(3.2		)	277.1
Total environmental reserves at March 31, 2016	$	356.3		$	(7.3	)	$	349.0

____________________

(1) These amounts are included within "Accrued and other liabilities" on the condensed consolidated balance sheets.

(2) These amounts are included in “Environmental liabilities, continuing and discontinued” on the condensed consolidated balance sheets.

(3) These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the condensed consolidated balance sheets.

The estimated reasonably possible environmental loss contingencies, net of expected recoveries, exceed amounts accrued by approximately $230 million at March 31, 2016. This reasonably possible estimate is based upon information available as of the date of the filing but the actual future losses may be higher given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of potentially responsible parties, technology and information related to individual sites. Potential environmental obligations that have not been reserved may be material to any one quarter's or year's results of operations in the future. However, we believe any such liability arising from such potential environmental obligations is not likely to have a material adverse effect on our liquidity or financial condition as it may be satisfied over many years.

The table below provides a roll forward of our environmental recoveries representing probable realization of claims against insurance carriers and other third parties. These recoveries are recorded as "Other assets" in the condensed consolidated balance sheets.

(in Millions)	12/31/2015		Increase in Recoveries	Cash Received	3/31/2016
Environmental recoveries	$	22.7	1.8	—	$	24.5

Our net environmental provisions relate to costs for the continued cleanup of both continuing and discontinued manufacturing operations from previous years. The net provisions are comprised as follows:

	Three Months Ended March 31
(in Millions)	2016			2015
Environmental provisions, net - recorded to liabilities (1)	$	12.6		$	4.4
Environmental provisions, net - recorded to assets (2)	(1.8		)	—
Environmental provision, net	$	10.8		$	4.4
Continuing operations (3)	6.6			1.9
Discontinued operations (4)	4.2			2.5
Environmental provision, net	$	10.8		$	4.4

____________________

(1) See above roll forward of our total environmental reserves as presented on the condensed consolidated balance sheets.

(2) See above roll forward of our total environmental recoveries as presented on the condensed consolidated balance sheets.

(3) Recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss), see Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.

(4) Recorded as a component of “Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss), see Note 10.

A more complete description of our environmental contingencies and the nature of our potential obligations are included in Notes 1 and 10 to our consolidated financial statements in our 2015 Form 10-K. See Note 10 to our consolidated financial statements in our 2015 Form 10-K for a description of significant updates to material environmental sites.

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Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Earnings per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period on a basic and diluted basis.

Our potentially dilutive securities include potential common shares related to our stock options, restricted stock and restricted stock units. Diluted earnings per share (“Diluted EPS”) considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect. Diluted EPS excludes the impact of potential common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. There were 1.9 million potential common shares excluded from Diluted EPS for the three months ended March 31, 2016. For the three months ended March 31, 2015, we had a net loss from continuing operations attributable to FMC stockholders; as such all 1.6 million potential common shares were excluded from Diluted EPS.

Our non-vested restricted stock awards contain rights to receive non-forfeitable dividends, and thus, are participating securities requiring the two-class method of computing EPS. The two-class method determines EPS by dividing the sum of distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares of common stock outstanding for the period. In calculating the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the weighted average number of shares outstanding during the period.

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

(in Millions, Except Share and Per Share Data)	Three Months Ended March 31
	2016			2015
Earnings (loss) attributable to FMC stockholders:
Continuing operations, net of income taxes	$	54.4		$	(62.4	)
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)
Less: Distributed and undistributed earnings allocable to restricted award holders	(0.2		)	—
Net income (loss) allocable to common stockholders	$	48.1		$	(46.8	)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Shares (in thousands):
Weighted average number of shares of common stock outstanding - Basic	133,802			133,577
Weighted average additional shares assuming conversion of potential common shares	502			—
Shares – diluted basis	134,304			133,577

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Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Equity

Equity

The table provides a roll forward of equity, equity attributable to FMC stockholders, and equity attributable to noncontrolling interests.

(in Millions, Except Per Share Data)	FMC Stockholders’ Equity			Noncontrolling Interest		Total Equity
Balance at December 31, 2015	$	1,865.7		$	42.6	$	1,908.3
Net income (loss)	48.3			0.4		48.7
Stock compensation plans	6.8			—		6.8
Excess tax benefits from share-based compensation	(0.3		)	—		(0.3		)
Shares for benefit plan trust	(0.1		)	—		(0.1		)
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax (1)	6.3			—		6.3
Net hedging gains/(losses) and other, net of income tax (1)	4.7			—		4.7
Foreign currency translation adjustments (1)	52.2			0.1		52.3
Dividends ($.165 per share)	(22.2		)	—		(22.2		)
Repurchases of common stock	(1.2		)	—		(1.2		)
Balance at March 31, 2016	$	1,960.2		$	43.1	$	2,003.3

____________________

(1) See condensed consolidated statements of comprehensive income (loss).

Accumulated other comprehensive income (loss)

Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.

(in Millions)	Foreign currency adjustments			Derivative Instruments(1)			Pension and other postretirement benefits (2)			Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2015	$	(147.3	)	$	(6.2	)	$	(303.8	)	$	(457.3	)
2016 Activity
Other comprehensive income (loss) before reclassifications (3)	52.2			2.3			—			$	54.5
Amounts reclassified from accumulated other comprehensive income (loss)	—			2.4			6.3			$	8.7
Accumulated other comprehensive income (loss), net of tax at March 31, 2016	$	(95.1	)	$	(1.5	)	$	(297.5	)	$	(394.1	)

(in Millions)	Foreign currency adjustments			Derivative Instruments (1)			Pension and other postretirement benefits (2)			Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2014	$	(50.4	)	$	(3.9	)	$	(321.5	)	$	(375.8	)
2015 Activity
Other comprehensive income (loss) before reclassifications (3)	(39.7		)	2.3			(5.9		)	$	(43.3	)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(1.8		)	11.7			$	9.9
Accumulated other comprehensive income (loss), net of tax at March 31, 2015	$	(90.1	)	$	(3.4	)	$	(315.7	)	$	(409.2	)

____________________

(1)     See Note 16 for more information.

(2)    See Note 14 for more information.

(3)    Excludes foreign currency translation adjustments attributable to noncontrolling interests.

Reclassifications of accumulated other comprehensive income (loss)

The table below provides details about the reclassifications from Accumulated Other Comprehensive Income (Loss) and the affected line items in the condensed consolidated statements of income (loss) for each of the periods presented.

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1)						Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Three Months Ended March 31
(in Millions)	2016			2015
Derivative instruments:
Foreign currency contracts	$	(0.9	)	$	8.7		Costs of sales and services
Energy contracts	(0.6		)	(1.3		)	Costs of sales and services
Foreign currency contracts	(2.1		)	(4.4		)	Selling, general and administrative expenses
Total before tax	(3.6		)	3.0
	1.2			(1.2		)	Provision for income taxes
Amount included in net income	$	(2.4	)	$	1.8
Pension and other postretirement benefits (2):
Amortization of prior service costs	$	(0.2	)	$	(0.4	)	Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)	(9.7		)	(12.7		)	Selling, general and administrative expenses
Recognized loss due to settlement and curtailment	—			(5.3		)	Selling, general and administrative expenses (3)
Total before tax	$	(9.9	)	$	(18.4	)
	3.6			6.7			Provision for income taxes
Amount included in net income	(6.3		)	(11.7		)
Total reclassifications for the period	$	(8.7	)	$	(9.9	)	Amount included in net income

____________________

(1) Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss).

(2) Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 14.

(3) The loss due to curtailment for the three months ended March 31, 2015 related to the disposal of our FMC Alkali Chemicals division and was recorded to "Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss).

Dividends and Share Repurchases

For the three months ended March 31, 2016 and 2015, we paid $22.1 million and $20.1 million, respectively. On April 21, 2016, we paid dividends totaling $22.2 million to our shareholders of record as of March 31, 2016. This amount is included in “Accrued and other liabilities” on the condensed consolidated balance sheet as of March 31, 2016.

During the three months ended March 31, 2016, no shares were repurchased under the publicly announced repurchase program. At March 31, 2016, $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.

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Pensions and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2016

Pensions and Other Postretirement Benefits [Abstract]

Pensions and Other Postretirement Benefits

Pensions and Other Postretirement Benefits

The following table summarizes the components of net annual benefit cost (income):

(in Millions)	Three Months Ended March 31
	Pensions						Other Benefits
	2016			2015			2016			2015
Components of net annual benefit cost (income):
Service cost	$	2.6		$	4.1		$	—		$	—
Interest cost	12.7			15.4			0.2			0.3
Expected return on plan assets	(21.9		)	(22.2		)	—			—
Amortization of prior service cost (credit)	0.2			0.3			—			0.1
Recognized net actuarial and other (gain) loss	10.3			12.9			(0.3		)	(0.2		)
Recognized loss due to curtailment (1)	—			4.8			—			0.5
Net periodic benefit cost (2)	$	3.9		$	15.3		$	(0.1	)	$	0.7

____________________

(1) Curtailment loss is associated with the disposal of our FMC Alkali Chemicals division and was recorded to discontinued operations within the condensed consolidated statements of income (loss).

(2) Net periodic benefit cost represents both continuing and discontinued operations.

We did not make any voluntary cash contributions to our U.S. defined benefit pension plan in the three months ended March 31, 2016. We made voluntary cash contributions to our U.S. defined benefit pension plan in the three months ended March 31, 2015 of $25.0 million. We expect to make approximately $35.0 million in voluntary cash contributions to our U.S. defined benefit pension plan during 2016.

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Income Taxes

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

We determine our interim tax provision using an Estimated Annual Effective Tax Rate methodology (“EAETR”) in accordance with GAAP. The EAETR is applied to the year-to-date ordinary income, exclusive of discrete items. The tax effects of discrete items are then included to arrive at the total reported interim tax provision.

The determination of the EAETR is based upon a number of estimates, including the estimated annual pretax ordinary income in each tax jurisdiction in which we operate. As our projections of ordinary income change throughout the year, the EAETR will change period-to-period. The tax effects of discrete items are recognized in the tax provision in the period they occur in accordance with GAAP. Depending on various factors, such as the item’s significance in relation to total income and the rate of tax applicable in the jurisdiction to which it relates, discrete items in any quarter can materially impact the reported effective tax rate. As a global enterprise, our tax expense can be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, as well as other factors. As such, there can be significant volatility in interim tax provisions.

The below chart provides a reconciliation between our reported effective tax rate and the EAETR.

	Three Months Ended March 31
	2016							2015
(in Millions)	Before Tax		Tax			Effective Tax Rate % Impact		Before Tax			Tax			Effective Tax Rate % Impact
Continuing operations	$	85.7	$	30.9		36.1	%	$	(110.2	)	$	(49.1	)	44.6	%
Discrete items:
Acquisition-related charges (1)	—		—					190.7			70.3
Currency remeasurement (2)	2.3		0.5					6.3			(2.8		)
Other discrete items (3)	51.0		1.4					21.8			7.3
Tax only discrete items (4)	—		(2.9		)			—			3.0
Total discrete items	$	53.3	$	(1.0	)			$	218.8		$	77.8
Continuing operations, before discrete items	$	139.0	$	29.9				$	108.6		$	28.7
Quarterly effect of changes in the EAETR (5)						21.5	%							26.4	%

___________________ 

(1) Due to the nature of acquisition-related charges incurred in the first quarter of 2016, these charges are not treated discretely in accordance with GAAP. As such, the amounts differ from total acquisition-related charges as presented in Note 3. Acquisition-related charges for the three months ended March 31, 2015 are primarily taxed at domestic tax rates resulting in a material tax benefit. The acquisition-related charges are comprised of legal and professional fees and a loss incurred from hedging activity associated with the purchase price of Cheminova. See Note 3 for more information. As noted in footnote (2), below, hedge gains or losses are treated discretely for tax purposes.

(2) Represents transaction gains or losses for currency remeasurement, offset by the associated hedge gains or losses. Certain transaction gains or losses are considered non-taxable permanent items and their associated hedge gain or losses are treated discretely for tax purposes.

(3) In accordance with GAAP, subsidiaries for which a full valuation allowance has been provided generally are not accounted for as a component of the EAETR. For the three months ended March 31, 2016, the Other discrete items component of the EAETR reconciliation primarily relates to the impact of excluding these pretax losses. For the three months ended March 31, 2015, the Other discrete items primarily related to restructuring and IPR&D.

(4) Includes the tax effect of currency remeasurement associated with our foreign statutory operations that, in accordance with GAAP income tax accounting guidance, is treated discretely for tax purposes.

(5) The decrease in the EAETR is primarily driven by lower current year projected domestic earnings. Further, domestic tax legislation enacted during the fourth quarter of 2015 has decreased the amount of projected domestic tax expense for the three months ended March 31, 2016, as compared to the first quarter of 2015.

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Financial Instruments, Risk Management and Fair Value Measurements

3 Months Ended

Mar. 31, 2016

Financial Instruments Risk Management And Fair Value Measurements [Abstract]

Financial Instruments, Risk Management and Fair Value Measurements

Financial Instruments, Risk Management and Fair-Value Measurements

Our financial instruments include cash and cash equivalents, trade receivables, other current assets, certain receivables classified as other long-term assets, accounts payable, and amounts included in investments and accruals meeting the definition of financial instruments. The carrying value of these financial instruments approximates their fair value. Our other financial instruments include the following:

Financial Instrument	Valuation Method
Foreign exchange forward contracts	Estimated amounts that would be received or paid to terminate the contracts at the reporting date based on current market prices for applicable currencies.
Commodity forward and option contracts	Estimated amounts that would be received or paid to terminate the contracts at the reporting date based on quoted market prices for applicable commodities.
Debt	Our estimates and information obtained from independent third parties using market data, such as bid/ask spreads for the last business day of the reporting period.

The estimated fair value of the financial instruments in the above table have been determined using standard pricing models which take into account the present value of expected future cash flows discounted to the balance sheet date. These standard pricing models, utilize inputs derived from or corroborated by observable market data such as interest rate yield curves and currency and commodity spot and forward rates. In addition, we test a subset of our valuations against valuations received from the transaction's counterparty to validate the accuracy of our standard pricing models. Accordingly, the estimates presented may not be indicative of the amounts that we would realize in a market exchange at settlement date and do not represent potential gains or losses on these agreements. The estimated fair values of foreign exchange forward contracts and commodity forward and option contracts are included in the tables within this Note. The estimated fair value of debt is $2,194.8 million and $2,214.0 million and the carrying amount is $2,100.4 million and $2,148.9 million as of March 31, 2016 and December 31, 2015, respectively.

We enter into various financial instruments with off-balance-sheet risk as part of the normal course of business. These off-balance-sheet instruments include financial guarantees and contractual commitments to extend financial guarantees under letters of credit, and other assistance to customers see Note 17 for more information. Decisions to extend financial guarantees to customers, and the amount of collateral required under these guarantees is based on our evaluation of creditworthiness on a case-by-case basis.

Use of Derivative Financial Instruments to Manage Risk

We mitigate certain financial exposures, including currency risk, commodity purchase exposures and interest rate risk, through a program of risk management that includes the use of derivative financial instruments. We enter into foreign exchange contracts, including forward and purchased options contracts, to reduce the effects of fluctuating foreign currency exchange rates. A detailed description of these risks including a discussion on the concentration of credit risk is provided in Note 17 to our consolidated financial statements on our 2015 Form 10-K.

We formally document all relationships between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes relating derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. We also assess both, at the inception of the hedge and on an ongoing basis, whether each derivative is highly effective in offsetting changes in fair values or cash flows of the hedged item. If we determine that a derivative is not highly effective as a hedge, or if a derivative ceases to be a highly effective hedge, we discontinue hedge accounting with respect to that derivative prospectively.

Accounting for Derivative Instruments and Hedging Activities

Cash Flow Hedges

We recognize all derivatives on the balance sheet at fair value. On the date the derivative instrument is entered into, we generally designate the derivative as a hedge of the variability of cash flows to be received or paid related to a forecasted transaction (cash flow hedge). We record in AOCI changes in the fair value of derivatives that are designated as and meet all the required criteria for a cash flow hedge. We then reclassify these amounts into earnings as the underlying hedged item affects earnings. In contrast, we immediately record in earnings changes in the fair value of derivatives that are not designated as cash flow hedges.

As of March 31, 2016, we had open foreign currency forward contracts in AOCI in a net after tax loss position of $1.2 million designated as cash flow hedges of underlying forecasted sales and purchases. Current open contracts hedge forecasted transactions until March 15, 2017. At March 31, 2016, we had open forward contracts designated as cash flow hedges with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $419 million.

As of March 31, 2016, we had current open commodity contracts in AOCI in a net after tax loss position of $1.6 million designated as cash flow hedges of underlying forecasted purchases, primarily related to natural gas. Current open commodity contracts hedge forecasted transactions until December 31, 2017. At March 31, 2016, we had an equivalent of 1.9 million mmBTUs (millions of British Thermal Units) in aggregate notional volume of outstanding natural gas commodity forward contracts to hedge forecasted purchases.

Of the $2.8 million of net losses after-tax, representing both open foreign currency exchange contracts and commodity contracts, approximately $2.8 million of these losses would be realized in earnings during the twelve months ending March 31, 2017 and $0.0 million of net losses would be realized subsequent to March 31, 2017, if spot rates in the future are consistent with forward rates as of March 31, 2016. The actual effect on earnings will be dependent on the actual spot rates when the forecasted transactions occur.

Derivatives Not Designated As Hedging Instruments

We hold certain forward contracts that have not been designated as cash flow hedging instruments for accounting purposes. Contracts used to hedge the exposure to foreign currency fluctuations associated with certain monetary assets and liabilities are not designated as cash flow hedging instruments, and changes in the fair value of these items are recorded in earnings. We occasionally hold call options that are effective as economic hedges of a portion of our natural gas exposure and the change in fair value of this instrument is also recorded in earnings. We periodically hold soybean barter contracts which qualify as derivatives and we have entered into offsetting commodity contracts to hedge our exposure. Both the change in fair value of the soybean barter contracts and the offsetting commodity contracts are recorded in earnings.

We had open forward contracts not designated as cash flow hedging instruments for accounting purposes with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $1,889 million at March 31, 2016.

Fair-Value of Derivative Instruments

The following tables provide the gross fair value and net balance sheet presentation of our derivative instruments.

	March 31, 2016
	Gross Amount of Derivatives
(in Millions)	Designated as Cash Flow Hedges			Not Designated as Hedging Instruments			Total Gross Amounts			Gross Amounts Offset in the Consolidated Balance Sheet (3)			Net Amounts
Derivatives
Foreign exchange contracts	$	6.0		$	0.5		$	6.5		$	(6.5	)	$	—
Energy contracts	0.1			—			0.1			(0.1		)	—
Total derivative assets (1)	6.1			0.5			6.6			(6.6		)	—
Foreign exchange contracts	(10.1		)	(30.0		)	(40.1		)	6.5			(33.6		)
Energy contracts	(2.4		)	—			(2.4		)	—			(2.4		)
Total derivative liabilities (2)	(12.5		)	(30.0		)	(42.5		)	6.5			(36.0		)
Net derivative assets/(liabilities)	$	(6.4	)	$	(29.5	)	$	(35.9	)	$	(0.1	)	$	(36.0	)
	December 31, 2015
	Gross Amount of Derivatives
(in Millions)	Designated as Cash Flow Hedges			Not Designated as Hedging Instruments			Total Gross Amounts			Gross Amounts Offset in the Consolidated Balance Sheet (3)			Net Amounts
Derivatives
Foreign exchange contracts	$	6.1		$	5.2		$	11.3		$	(11.3	)	$	—
Energy contracts	—			—			—			—			—
Total derivative assets (1)	6.1			5.2			11.3			(11.3		)	—
Foreign exchange contracts	(15.4		)	(7.3		)	(22.7		)	11.3			(11.4		)
Energy contracts	(2.0		)	—			(2.0		)	—			(2.0		)
Total derivative liabilities (2)	(17.4		)	(7.3		)	(24.7		)	11.3			(13.4		)
Net derivative assets/(liabilities)	$	(11.3	)	$	(2.1	)	$	(13.4	)	$	—		$	(13.4	)

____________________

(1) Net balance is included in “Prepaid and other current assets” in the condensed consolidated balance sheets.

(2) Net balance is included in “Accrued and other liabilities” in the condensed consolidated balance sheets.

(3) Represents net derivatives positions subject to master netting arrangements.

The tables below summarize the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments.

Derivatives in Cash Flow Hedging Relationships

	Three Months Ended March 31
	Contracts
	Foreign Exchange					Energy					Total
(in Millions)	2016		2015			2016			2015		2016		2015
Unrealized hedging gains (losses) and other, net of tax	$	2.9	$	0.3		$	(0.6	)	$	2.0	$	2.3	$	2.3
Reclassification of deferred hedging (gains) losses,  net of tax (1)
Effective portion (1)	2.0		(2.6		)	0.4			0.8		2.4		(1.8		)
Total derivative instrument impact on  comprehensive income, net of tax	$	4.9	$	(2.3	)	$	(0.2	)	$	2.8	$	4.7	$	0.5

___________________

(1) See Note 13 for classification of amounts within the condensed consolidated statements of income (loss).

Derivatives Not Designated as Hedging Instruments

	Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Pre-tax Gain or (Loss)  Recognized in Income on Derivatives (1)
		Three Months Ended March 31
(in Millions)		2016		2015
Foreign exchange contracts	Cost of sales and services	$	15.6	$	(4.5	)
	Selling, general & administrative (2)	—		(180.1		)
Total		$	15.6	$	(184.6	)

___________________

(1) Amounts in the columns represent the gain or loss on the derivative instrument offset by the gain or loss on the hedged item.

(2) Charges represent a loss on the Cheminova acquisition hedge. See Note 3 within these condensed consolidated financial statements for more information.

Fair-Value Measurements

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Market participants are defined as buyers or sellers in the principle or most advantageous market for the asset or liability that are independent of the reporting entity, knowledgeable and able and willing to transact for the asset or liability.

Fair-Value Hierarchy

We have categorized our assets and liabilities that are recorded at fair value, based on the priority of the inputs to the valuation technique, into a three-level fair-value hierarchy. The fair-value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the assets and liabilities fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair-value measurement of the instrument.

Recurring Fair-Value Measurements

The following tables present our fair-value hierarchy for those assets and liabilities measured at fair-value on a recurring basis in the condensed consolidated balance sheets. During the periods presented there were no transfers between fair-value hierarchy levels.

(in Millions)	March 31, 2016		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives – Foreign exchange (1)	$	—	$	—	$	—	$	—
Other (2)	25.3		25.3		—		—
Total assets	$	25.3	$	25.3	$	—	$	—
Liabilities
Derivatives – Commodities:
Energy contracts (1)	$	2.4	$	—	$	2.4	$	—
Derivatives – Foreign exchange (1)	33.6		—		33.6		—
Other (3)	29.5		29.2		0.3		—
Total liabilities	$	65.5	$	29.2	$	36.3	$	—

____________________

(1) See the Fair Value of Derivative Instruments table within this Note for classifications on the condensed consolidated balance sheet.

(2) Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

(3) Consists of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts due are included in “Other long-term liabilities” in the condensed consolidated balance sheets. Level 2 liabilities represent liability-based awards associated with non-employees.

(in Millions)	December 31, 2015		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives – Foreign exchange (1)	$	—	$	—	$	—	$	—
Other (2)	25.4		25.4		—		—
Total assets	$	25.4	$	25.4	$	—	$	—
Liabilities
Derivatives – Commodities:
Energy contracts (1)	$	2.0	$	—	$	2.0	$	—
Derivatives – Foreign exchange (1)	11.4		—		11.4		—
Other (3)	29.1		29.1		—		—
Total liabilities	$	42.5	$	29.1	$	13.4	$	—

____________________

(1) See the Fair -Value of Derivative Instruments table within this Note for classification on the condensed consolidated balance sheet.

(2) Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

(3) Consist of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts included in “Other long-term liabilities” in the condensed consolidated balance sheets.

Nonrecurring Fair -Value Measurements

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis in the condensed consolidated balance sheets during the year ended December 31, 2015. There were no non-recurring fair value measurements in the condensed consolidated balance sheets during the three months ended March 31, 2016.

(in Millions)	December 31, 2015		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses) (Year Ended December 31, 2015)
Assets
Long-lived assets associated with exit activities (1)	$	35.4	$	—	$	—	$	35.4	$	(70.5	)
Total assets	$	35.4	$	—	$	—	$	35.4	$	(70.5	)

____________________

(1) We recorded charges, within our FMC Health and Nutrition segment, to write down the value of certain long-lived assets of approximately $70.5 million to salvage value in the case of fixed assets and fair value in the case of indefinite lived intangible assets.

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Guarantees, Commitments, and Contingencies

3 Months Ended

Mar. 31, 2016

Commitments Guarantees and Contingent Liabilities [Abstract]

Guarantees, Commitments, and Contingencies

Guarantees, Commitments, and Contingencies

We continue to monitor the conditions that are subject to guarantees and indemnifications to identify whether a liability must be recognized in our financial statements.

Guarantees and Other Commitments

The following table provides the estimated undiscounted amount of potential future payments for each major group of guarantees at March 31, 2016. These guarantees arise during the ordinary course of business from relationships with customers and nonconsolidated affiliates. Non-performance by the guaranteed party triggers the obligation requiring us to make payments to the beneficiary of the guarantee. Based on our experience these types of guarantees have not had a material effect on our consolidated financial position or on our liquidity. Our expectation is that future payment or performance related to the non-performance of others is considered unlikely.

(in Millions)
Guarantees:
Guarantees of vendor financing - short-term (1)	$	80.8
Guarantees of vendor financing - long-term (1)	35.7
Other debt guarantees (2)	20.1
Total	$	136.6

____________________

(1) Represents guarantees to financial institutions on behalf of certain FMC Agricultural Solutions customers for their seasonal borrowing. This short term amount is recorded on the condensed consolidated balance sheets as “Guarantees of vendor financing.” The long term amount is recorded on the condensed consolidated balance sheet within "Other long term liabilities."

(2) These guarantees represent support provided to third-party banks for credit extended to various FMC Agricultural Solutions customers and nonconsolidated affiliates. The liability for the guarantees is recorded at an amount that approximates fair-value (i.e., representing the stand-ready obligation) based on our historical collection experience and a current assessment of credit exposure. We believe the fair-value of these guarantees is immaterial. The majority of these guarantees have an expiration date of less than one year.

Excluded from the chart above, in connection with our property and asset sales and divestitures, we have agreed to indemnify the buyer for certain liabilities, including environmental contamination and taxes that occurred prior to the date of sale or provided guarantees to third parties relating to certain contracts assumed by the buyer. Our indemnification or guarantee obligations with respect to these liabilities may be indefinite as to duration and may or may not be subject to a deductible, minimum claim amount or cap. As such, it is not possible for us to predict the likelihood that a claim will be made or to make a reasonable estimate of the maximum potential loss or range of loss. If triggered, we may be able to recover some of the indemnity payments from third parties. We have not recorded any specific liabilities for these guarantees.

Contingencies

A detailed discussion related to our outstanding contingencies can be found in Note 18 to our consolidated financial statements included within our 2015 Form 10-K.

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Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

(in Millions)	Three Months Ended March 31
	2016			2015
Revenue
FMC Agricultural Solutions	$	546.1		$	392.4
FMC Health and Nutrition	192.4			211.0
FMC Lithium	60.3			56.0
Total	$	798.8		$	659.4
Income from continuing operations before income taxes
FMC Agricultural Solutions	$	82.0		$	81.8
FMC Health and Nutrition	47.3			51.0
FMC Lithium	14.9			5.5
Segment operating profit	$	144.2		$	138.3
Corporate and other	(16.9		)	(15.3		)
Operating profit before the items listed below	$	127.3		$	123.0
Interest expense, net	(20.8		)	(14.0		)
Restructuring and other (charges) income (1)	(12.4		)	(22.3		)
Non-operating pension and postretirement (charges) income (2)	(1.0		)	(6.2		)
Acquisition-related charges (3)	(7.4		)	(190.7		)
(Provision) benefit for income taxes	(30.9		)	49.1
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income attributable to noncontrolling interests	(0.4		)	(1.3		)
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)

____________________

(1) See Note 8 for details of restructuring and other (charges) income. Below provides the detail the (charges) income by segment:

	Three Months Ended March 31
(in Millions)	2016			2015
FMC Agricultural Solutions	$	(6.6	)	$	(18.3	)
FMC Health and Nutrition	(0.2		)	(2.2		)
FMC Lithium	(0.6		)	(0.3		)
Corporate	(5.0		)	(1.5		)
Restructuring and other (charges) income	$	(12.4	)	$	(22.3	)

(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, 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 the 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 the condensed consolidated statements of income (loss). 

(3) Charges relate to the expensing of the inventory fair value step-up resulting from the application of purchase accounting, transaction costs, costs for transitional employees, other acquired employee related costs, integration related legal and professional third-party fees and gains or losses on hedging purchase price associated with the planned or completed acquisitions. Amounts represent the following:

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges - Cheminova
Legal and professional fees (1)	$	7.4	$	10.6
Inventory fair value amortization (2)	—		—
(Gain)/loss on hedging purchase price (1)	—		180.1
Acquisition-related charges	$	7.4	$	190.7

____________________

(1) On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.” For more information see Note 3.

(2)    On the condensed consolidated statements of income (loss), these charges are included in “Costs of sales and services.”

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Recently Issued and Adopted Accounting Pronouncements and Regulatory Items (Policies)

3 Months Ended

Mar. 31, 2016

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements

New accounting guidance and regulatory items

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-09, Compensation - Stock Compensation (Topic 718) (“ASU 2016-09”). ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The new standard is effective for fiscal year beginning after December 15, 2016, including interim periods within those fiscal years (i.e. a January 1, 2017 effective date).  We are evaluating the effect the guidance will have on our consolidated financial statements.

In February 2016, the FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842).  Under the new guidance, lessees will be required to recognize for all leases (with the exception of short-term leases) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.  The new standard is effective for fiscal year beginning after December 15, 2018, including interim periods within those fiscal years (i.e. a January 1, 2019 effective date).  We are evaluating the effect the guidance will have on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments--Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income.  We are evaluating the effect the guidance will have on our consolidated financial statements. 

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This guidance will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. We intend to adopt this standard for interim and annual periods beginning after December 15, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. In 2016, the FASB issued final amendments to clarify the implementation guidance for principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. We are evaluating the effect that ASU 2014-09 and subsequent amendments will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

Recently adopted accounting guidance

In April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in Cloud Computing Arrangements, whichprovides guidance to determine when a customer's fees paid in a cloud computing arrangement include a software license. If a cloud computing arrangement includes a software license. the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If the arrangement does not include a software license, the customer should account for a cloud computing arrangement as a service contract. The new standard was effective for annual reporting periods beginning after December 15, 2015 (i.e. January 1, 2016) and entities may elect to adopt the ASU prospectively or retrospectively. We have adopted the standard prospectively. There was no impact on our financial condition, results of operations or cash flows as a result of the adoption of this guidance.

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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the consideration paid for Cheminova and the amounts of the assets acquired and liabilities assumed as of the acquisition date.

Purchase Price Allocation
(in Millions)
Trade receivables	$	488.1
Inventories (1)	362.4
Other current assets	53.6
Property, plant & equipment	186.4
Intangible assets (2)
Customer relationships	294.1
Brands	362.8
In-process research & development	1.4
Goodwill (3)	468.8
Other assets	84.5
Total fair value of assets acquired	$	2,302.1
Short-term debt	140.5
Other current liabilities	432.3
Environmental reserves	47.2
Long-term debt (4)	273.1
Deferred tax liabilities	165.1
Other liabilities	38.8
Total fair value of liabilities assumed	1,097.0
Total cash paid, less cash acquired	$	1,205.1

____________________ 

(1) Fair value of finished goods inventory acquired included a step-up in the value of approximately $57.8 million, all of which was expensed in 2015 and included in "Cost of sales and services" on the condensed consolidated income statement.

(2) The weighted average useful life of the acquired finite-lived intangibles, which primarily represents the customer relationships, is approximately 20 years.

(3) Goodwill largely consists of expected cost synergies and economies of scale resulting from the business combination. None of the acquired goodwill will be deductible for income tax purposes.

(4) Long-term debt assumed primarily consisted of mortgage debt and borrowings under existing Cheminova credit facilities that were settled by FMC’s term loan in the second quarter of 2015.

Business Acquisition, Pro Forma Information

The following unaudited pro forma results of operations assume that the Acquisition occurred at the beginning of the periods presented. The pro forma amounts include certain adjustments, including interest expense on the borrowings utilized to complete the acquisition, depreciation and amortization expense and income taxes. The pro forma amounts for the three month period below exclude acquisition-related charges. The pro forma results do not include adjustments related to cost savings or other synergies that are anticipated as a result of the Acquisition. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been if the acquisition had occurred as of January 1, 2015, nor are they indicative of future results of operations.

	Three Months Ended March 31
(in Millions)	2016		2015
Pro forma Revenue (1)	$	798.8	$	963.0
Pro forma Diluted earnings per share (1)	$	0.36	$	0.55

____________________ 

(1) For the three month ended March 31, 2016, pro forma results and actual results are the same.

Acquisition costs

The following table summarizes the costs incurred associated with these combined activities.

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges
Legal and professional fees (1)	$	7.4	$	10.6
(Gain)/loss on hedging purchase price (2)	—		180.1
Total Acquisition-related charges	$	7.4	$	190.7
Restructuring charges and asset disposals
Cheminova restructuring	3.0		—
Total Cheminova restructuring charges (3)	$	3.0	$	—

____________________ 

(1) Represents transaction costs, costs for transitional employees, other acquired employees related costs and integration-related legal and professional third-party fees. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

(2) See "Cheminova Acquisition Hedge Costs" below for more information on these charges. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

(3) See Note 8 for more information. These charges are recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss).

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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by business segment

The changes in the carrying amount of goodwill by business segment are presented in the table below:

(in Millions)	FMC Agricultural Solutions		FMC Health and Nutrition		FMC Lithium		Total
Balance, December 31, 2015	$	479.5	$	296.6	$	—	$	776.1
Acquisitions	—		—		—		—
Purchase price allocation adjustments (See Note 3)	20.4		—		—		20.4
Foreign currency adjustments	—		4.2		—		4.2
Balance, March 31, 2016	$	499.9	$	300.8	$	—	$	800.7

Schedule of Finite-Lived Intangible Assets

Our intangible assets, other than goodwill, consist of the following:

	March 31, 2016							December 31, 2015
(in Millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	454.9	$	(46.6	)	$	408.3	$	435.5	$	(40.8	)	$	394.7
Patents	2.2		(0.3		)	1.9		2.2		(0.3		)	1.9
Brands (1)	15.6		(3.6		)	12.0		14.2		(2.7		)	11.5
Purchased and licensed technologies	71.5		(30.8		)	40.7		71.0		(29.5		)	41.5
Other intangibles	3.5		(2.2		)	1.3		3.5		(2.2		)	1.3
	$	547.7	$	(83.5	)	$	464.2	$	526.4	$	(75.5	)	$	450.9

Intangible assets not subject to amortization (indefinite life)
Brands (1)	$	404.1				$	404.1	$	384.7				$	384.7
In-process research & development	1.5					1.5		1.4					1.4
	$	405.6				$	405.6	$	386.1				$	386.1
Total intangible assets	$	953.3	$	(83.5	)	$	869.8	$	912.5	$	(75.5	)	$	837.0

(1) Represents trademarks, trade names and know-how.

Schedule of Indefinite-lived Intangible Assets

Our intangible assets, other than goodwill, consist of the following:

	March 31, 2016							December 31, 2015
(in Millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	454.9	$	(46.6	)	$	408.3	$	435.5	$	(40.8	)	$	394.7
Patents	2.2		(0.3		)	1.9		2.2		(0.3		)	1.9
Brands (1)	15.6		(3.6		)	12.0		14.2		(2.7		)	11.5
Purchased and licensed technologies	71.5		(30.8		)	40.7		71.0		(29.5		)	41.5
Other intangibles	3.5		(2.2		)	1.3		3.5		(2.2		)	1.3
	$	547.7	$	(83.5	)	$	464.2	$	526.4	$	(75.5	)	$	450.9

Intangible assets not subject to amortization (indefinite life)
Brands (1)	$	404.1				$	404.1	$	384.7				$	384.7
In-process research & development	1.5					1.5		1.4					1.4
	$	405.6				$	405.6	$	386.1				$	386.1
Total intangible assets	$	953.3	$	(83.5	)	$	869.8	$	912.5	$	(75.5	)	$	837.0

(1) Represents trademarks, trade names and know-how.

Schedule of Intangible Assets by Segment

At March 31, 2016, the finite-lived and indefinite life intangibles were allocated among our business segments as follows:

(in Millions)	Finite-lived		Indefinite Life
FMC Agricultural Solutions	$	394.4	$	390.1
FMC Health and Nutrition	68.7		15.5
FMC Lithium	1.1		—
Total	$	464.2	$	405.6

Schedule of Finite-lived Intangible Assets Amortization Expense

	Three Months Ended March 31
(in Millions)	2016		2015
Amortization expense	$	7.1	$	2.6

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Receivables (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Allowance for doubtful trade receivables

The following table displays a roll forward of the allowance for doubtful trade receivables.

(in Millions)
Balance, December 31, 2014	$	37.2
Additions — charged to expense	5.9
Transfer to long-term allowance	(29.2		)
Balance, December 31, 2015	13.9
Additions — charged to expense	4.8
Net Recoveries and write- offs	(1.2		)
Balance, March 31, 2016	$	17.5

Schedule of allowance for credit losses rollforward

The following table displays a roll forward of the allowance for credit losses related to long-term customer receivables.

(in Millions)
Balance, December 31, 2014	$	—
Transfer from allowance for doubtful accounts (see above)	29.2
Net Recoveries and write- offs	—
Balance, December 31, 2015	$	29.2
Additions - charged to expense	2.0
Net Recoveries and write- offs	—
Balance March 31, 2016	$	31.2

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Inventories (Tables)

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Schedule of inventories

Inventories consisted of the following:

(in Millions)	March 31, 2016			December 31, 2015
Finished goods	$	425.2		$	350.0
Work in process	269.3			275.4
Raw materials, supplies and other	321.2			335.6
First-in, first-out inventory	$	1,015.7		$	961.0
Less: Excess of first-in, first-out cost over last-in, first-out cost	(160.8		)	(160.8		)
Net inventories	$	854.9		$	800.2

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

Property, plant and equipment consisted of the following:

(in Millions)	March 31, 2016			December 31, 2015
Property, plant and equipment	$	1,814.2		$	1,784.6
Accumulated depreciation	(786.4		)	(768.2		)
Property, plant and equipment, net	$	1,027.8		$	1,016.4

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Restructuring and Other Charges (Income) (Tables)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Schedule of 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 March 31
(in Millions)	2016		2015
Restructuring charges and asset disposals	$	3.2	$	5.4
Other charges (income), net	9.2		16.9
Total restructuring and other charges	$	12.4	$	22.3

Schedule of restructuring charges and asset disposals

	Restructuring Charges
(in Millions)	Severance and Employee Benefits (1)		Other Charges (Income) (2)			Asset Disposal Charges (3)		Total
Cheminova Restructuring	$	1.8	$	—		$	1.2	$	3.0
Other Items	0.4		(0.2		)	—		0.2
Three months ended March 31, 2016	$	2.2	$	(0.2	)	$	1.2	$	3.2
Health and Nutrition Restructuring	$	0.8	$	0.1		$	1.2	$	2.1
Lithium Restructuring	0.3		—			—		0.3
Other Items	3.3		(0.3		)	—		3.0
Three months ended March 31, 2015	$	4.4	$	(0.2	)	$	1.2	$	5.4

____________________ 

(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 recoveries associated with restructuring.

(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.

Restructuring reserve rollforward

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.

(in Millions)	Balance at 12/31/15 (4)		Change in reserves (2)		Cash payments			Other			Balance at 3/31/16 (3)
Cheminova Restructuring	$	8.7	$	1.8	$	(5.9	)	$	(2.9	)	$	1.7
Other Workforce Related and Facility Shutdowns (1)	6.5		0.2		(2.2		)	(0.5		)	4.0
Restructuring activities related to discontinued operations (4)	0.4		—		—			—			0.4
Total	$	15.6	$	2.0	$	(8.1	)	$	(3.4	)	$	6.1

____________________ 

(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 that impacted our property, plant and equipment balances and are not included in the above tables.

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

(4) Cash spending associated with restructuring activities of discontinued operations is reported within "Other discontinued reserves" on the condensed consolidated statements of cash flows.

Schedule of other charges (income), net

Other charges (income), net

	Three Months Ended March 31
(in Millions)	2016			2015
Environmental charges, net	$	6.6		$	1.9
Argentina devaluation	4.2			—
Other items, net	(1.6		)	15.0
Other charges (income), net	$	9.2		$	16.9

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Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Debt Maturing within One Year

Debt maturing within one year:

(in Millions)	March 31, 2016		December 31, 2015
Short-term foreign debt (1)	$	76.7	$	87.2
Commercial paper (2)	35.7		23.9
Total short-term debt	$	112.4	$	111.1
Current portion of long-term debt	1.8		1.5
Short-term debt and current portion of long-term debt	$	114.2	$	112.6

____________________

(1) At March 31, 2016, the average interest rate on the borrowings was 9.2%. We often provide parent-company guarantees to lending institutions that extend credit to our foreign subsidiaries.

(2) At March 31, 2016, the average interest rate on the borrowings was 0.65%.

Schedule of long-term debt

Long-term debt:

(in Millions)	March 31, 2016
	Interest Rate Percentage	Maturity Date	March 31, 2016			December 31, 2015
Pollution control and industrial revenue bonds (less unamortized discounts of $0.2 and $0.2, respectively)	0.6-6.5%	2021-2035	$	141.5		$	141.5
Senior notes (less unamortized discount of $1.6 and $1.7, respectively)	3.95-5.2%	2019-2024	998.4			998.3
Term Loan Facility	1.8%	2020	850.0			900.0
Credit Facility (1)	2.9%	2019	—			—
Foreign debt	0-9.3%	2016-2024	10.2			9.9
Debt issuance cost			(12.1		)	(11.9		)
Total long-term debt			$	1,988.0		$	2,037.8
Less: debt maturing within one year			1.8			1.5
Total long-term debt, less current portion			$	1,986.2		$	2,036.3

____________________

(1) Letters of credit outstanding under our Credit Facility totaled $53.6 million and available funds under this facility were $1,410.7 million at March 31, 2016, which reflects borrowings under our commercial paper program.

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Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The results of our discontinued FMC ACD operations are summarized below:

(in Millions)	Three Months Ended March 31
	2016		2015
Revenue	$	—	$	194.0
Costs of sales and services	—		149.2
Income (loss) from discontinued operations before income taxes (1)	—		19.0
Provision for income taxes	—		0.4
Total discontinued operations of FMC ACD, net of income taxes	$	—	$	18.6
Less: discontinued operations of FMC ACD attributable to noncontrolling interests	$	—	$	—
Discontinued operations of FMC ACD, net of income taxes, attributable to FMC Stockholders	$	—	$	18.6

____________________

(1) For the three months ended March 31, 2016 and 2015, respectively, amounts include zero and $2.2 million of allocated interest expense, zero and $11.3 million of divestiture related charges and zero and $5.3 million of a pension curtailment charge. Interest was allocated in accordance with relevant discontinued operations accounting guidance.

In addition to our discontinued FMC Alkali Chemicals division, our other discontinued operations include adjustments to retained liabilities. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities.

Our discontinued operations comprised the following:

(in Millions)	Three Months Ended March 31
	2016			2015
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $0.9 and ($0.3) for the three months ended March 31, 2016 and 2015, respectively	$	(0.4	)	$	(2.5	)
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $1.2 and $1.9 for the three months ended March 31, 2016 and 2015, respectively (1)	(3.0		)	(0.6		)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $1.6 and ($0.1) for the three months ended March 31, 2016 and 2015, respectively	(2.7		)	0.1
Discontinued operations of FMC Alkali Chemicals, net of income tax benefit (expense) of zero and ($0.4) for the three months ended March 31, 2016 and 2015, respectively	—			18.6
Discontinued operations, net of income taxes	$	(6.1	)	$	15.6

____________________

(1) See a roll forward of our environmental reserves, as well as, discussion on significant environmental issues that occurred during the 2016 in Note 11.

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Environmental Obligations (Tables)

3 Months Ended

Mar. 31, 2016

Environmental Remediation Obligations [Abstract]

Environmental reserves rollforward, continuing and discontinued

The table below is a roll forward of our total environmental reserves, continuing and discontinued:

(in Millions)	Gross			Recoveries (3)			Net
Total environmental reserves at December 31, 2015	$	348.2		$	(7.3	)	$	340.9
Provision/(benefit)	12.6			—			12.6
(Spending)/recoveries	(6.3		)	—			(6.3		)
Foreign currency translation adjustments	1.8			—			1.8
Net change	8.1			—			8.1
Total environmental reserves at March 31, 2016	$	356.3		$	(7.3	)	$	349.0
Environmental reserves, current (1)	76.0			(4.1		)	71.9
Environmental reserves, long-term (2)	280.3			(3.2		)	277.1
Total environmental reserves at March 31, 2016	$	356.3		$	(7.3	)	$	349.0

____________________

(1) These amounts are included within "Accrued and other liabilities" on the condensed consolidated balance sheets.

(2) These amounts are included in “Environmental liabilities, continuing and discontinued” on the condensed consolidated balance sheets.

(3) These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the condensed consolidated balance sheets.

Schedule of environmental recoveries

The table below provides a roll forward of our environmental recoveries representing probable realization of claims against insurance carriers and other third parties. These recoveries are recorded as "Other assets" in the condensed consolidated balance sheets.

(in Millions)	12/31/2015		Increase in Recoveries	Cash Received	3/31/2016
Environmental recoveries	$	22.7	1.8	—	$	24.5

Schedule of net environmental provision by operating and discontinued sites

Our net environmental provisions relate to costs for the continued cleanup of both continuing and discontinued manufacturing operations from previous years. The net provisions are comprised as follows:

	Three Months Ended March 31
(in Millions)	2016			2015
Environmental provisions, net - recorded to liabilities (1)	$	12.6		$	4.4
Environmental provisions, net - recorded to assets (2)	(1.8		)	—
Environmental provision, net	$	10.8		$	4.4
Continuing operations (3)	6.6			1.9
Discontinued operations (4)	4.2			2.5
Environmental provision, net	$	10.8		$	4.4

____________________

(1) See above roll forward of our total environmental reserves as presented on the condensed consolidated balance sheets.

(2) See above roll forward of our total environmental recoveries as presented on the condensed consolidated balance sheets.

(3) Recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss), see Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.

(4) Recorded as a component of “Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss), see Note 10.

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Calculation of basic and diluted earnings per share

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

(in Millions, Except Share and Per Share Data)	Three Months Ended March 31
	2016			2015
Earnings (loss) attributable to FMC stockholders:
Continuing operations, net of income taxes	$	54.4		$	(62.4	)
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)
Less: Distributed and undistributed earnings allocable to restricted award holders	(0.2		)	—
Net income (loss) allocable to common stockholders	$	48.1		$	(46.8	)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$	0.41		$	(0.47	)
Discontinued operations	(0.05		)	0.12
Net income (loss) attributable to FMC stockholders	$	0.36		$	(0.35	)
Shares (in thousands):
Weighted average number of shares of common stock outstanding - Basic	133,802			133,577
Weighted average additional shares assuming conversion of potential common shares	502			—
Shares – diluted basis	134,304			133,577

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Equity (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of Stockholders Equity

The table provides a roll forward of equity, equity attributable to FMC stockholders, and equity attributable to noncontrolling interests.

(in Millions, Except Per Share Data)	FMC Stockholders’ Equity			Noncontrolling Interest		Total Equity
Balance at December 31, 2015	$	1,865.7		$	42.6	$	1,908.3
Net income (loss)	48.3			0.4		48.7
Stock compensation plans	6.8			—		6.8
Excess tax benefits from share-based compensation	(0.3		)	—		(0.3		)
Shares for benefit plan trust	(0.1		)	—		(0.1		)
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax (1)	6.3			—		6.3
Net hedging gains/(losses) and other, net of income tax (1)	4.7			—		4.7
Foreign currency translation adjustments (1)	52.2			0.1		52.3
Dividends ($.165 per share)	(22.2		)	—		(22.2		)
Repurchases of common stock	(1.2		)	—		(1.2		)
Balance at March 31, 2016	$	1,960.2		$	43.1	$	2,003.3

____________________

(1) See condensed consolidated statements of comprehensive income (loss).

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss)

Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.

(in Millions)	Foreign currency adjustments			Derivative Instruments(1)			Pension and other postretirement benefits (2)			Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2015	$	(147.3	)	$	(6.2	)	$	(303.8	)	$	(457.3	)
2016 Activity
Other comprehensive income (loss) before reclassifications (3)	52.2			2.3			—			$	54.5
Amounts reclassified from accumulated other comprehensive income (loss)	—			2.4			6.3			$	8.7
Accumulated other comprehensive income (loss), net of tax at March 31, 2016	$	(95.1	)	$	(1.5	)	$	(297.5	)	$	(394.1	)

(in Millions)	Foreign currency adjustments			Derivative Instruments (1)			Pension and other postretirement benefits (2)			Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2014	$	(50.4	)	$	(3.9	)	$	(321.5	)	$	(375.8	)
2015 Activity
Other comprehensive income (loss) before reclassifications (3)	(39.7		)	2.3			(5.9		)	$	(43.3	)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(1.8		)	11.7			$	9.9
Accumulated other comprehensive income (loss), net of tax at March 31, 2015	$	(90.1	)	$	(3.4	)	$	(315.7	)	$	(409.2	)

____________________

(1)     See Note 16 for more information.

(2)    See Note 14 for more information.

(3)    Excludes foreign currency translation adjustments attributable to noncontrolling interests.

Reclassification out of Accumulated Other Comprehensive Income

The table below provides details about the reclassifications from Accumulated Other Comprehensive Income (Loss) and the affected line items in the condensed consolidated statements of income (loss) for each of the periods presented.

Details about Accumulated Other Comprehensive Income Components	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1)						Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Three Months Ended March 31
(in Millions)	2016			2015
Derivative instruments:
Foreign currency contracts	$	(0.9	)	$	8.7		Costs of sales and services
Energy contracts	(0.6		)	(1.3		)	Costs of sales and services
Foreign currency contracts	(2.1		)	(4.4		)	Selling, general and administrative expenses
Total before tax	(3.6		)	3.0
	1.2			(1.2		)	Provision for income taxes
Amount included in net income	$	(2.4	)	$	1.8
Pension and other postretirement benefits (2):
Amortization of prior service costs	$	(0.2	)	$	(0.4	)	Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)	(9.7		)	(12.7		)	Selling, general and administrative expenses
Recognized loss due to settlement and curtailment	—			(5.3		)	Selling, general and administrative expenses (3)
Total before tax	$	(9.9	)	$	(18.4	)
	3.6			6.7			Provision for income taxes
Amount included in net income	(6.3		)	(11.7		)
Total reclassifications for the period	$	(8.7	)	$	(9.9	)	Amount included in net income

____________________

(1) Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss).

(2) Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 14.

(3) The loss due to curtailment for the three months ended March 31, 2015 related to the disposal of our FMC Alkali Chemicals division and was recorded to "Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss).

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Pensions and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2016

Pensions and Other Postretirement Benefits [Abstract]

Components of net annual benefit cost (income)

The following table summarizes the components of net annual benefit cost (income):

(in Millions)	Three Months Ended March 31
	Pensions						Other Benefits
	2016			2015			2016			2015
Components of net annual benefit cost (income):
Service cost	$	2.6		$	4.1		$	—		$	—
Interest cost	12.7			15.4			0.2			0.3
Expected return on plan assets	(21.9		)	(22.2		)	—			—
Amortization of prior service cost (credit)	0.2			0.3			—			0.1
Recognized net actuarial and other (gain) loss	10.3			12.9			(0.3		)	(0.2		)
Recognized loss due to curtailment (1)	—			4.8			—			0.5
Net periodic benefit cost (2)	$	3.9		$	15.3		$	(0.1	)	$	0.7

____________________

(1) Curtailment loss is associated with the disposal of our FMC Alkali Chemicals division and was recorded to discontinued operations within the condensed consolidated statements of income (loss).

(2) Net periodic benefit cost represents both continuing and discontinued operations.

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The below chart provides a reconciliation between our reported effective tax rate and the EAETR.

	Three Months Ended March 31
	2016							2015
(in Millions)	Before Tax		Tax			Effective Tax Rate % Impact		Before Tax			Tax			Effective Tax Rate % Impact
Continuing operations	$	85.7	$	30.9		36.1	%	$	(110.2	)	$	(49.1	)	44.6	%
Discrete items:
Acquisition-related charges (1)	—		—					190.7			70.3
Currency remeasurement (2)	2.3		0.5					6.3			(2.8		)
Other discrete items (3)	51.0		1.4					21.8			7.3
Tax only discrete items (4)	—		(2.9		)			—			3.0
Total discrete items	$	53.3	$	(1.0	)			$	218.8		$	77.8
Continuing operations, before discrete items	$	139.0	$	29.9				$	108.6		$	28.7
Quarterly effect of changes in the EAETR (5)						21.5	%							26.4	%

___________________ 

(1) Due to the nature of acquisition-related charges incurred in the first quarter of 2016, these charges are not treated discretely in accordance with GAAP. As such, the amounts differ from total acquisition-related charges as presented in Note 3. Acquisition-related charges for the three months ended March 31, 2015 are primarily taxed at domestic tax rates resulting in a material tax benefit. The acquisition-related charges are comprised of legal and professional fees and a loss incurred from hedging activity associated with the purchase price of Cheminova. See Note 3 for more information. As noted in footnote (2), below, hedge gains or losses are treated discretely for tax purposes.

(2) Represents transaction gains or losses for currency remeasurement, offset by the associated hedge gains or losses. Certain transaction gains or losses are considered non-taxable permanent items and their associated hedge gain or losses are treated discretely for tax purposes.

(3) In accordance with GAAP, subsidiaries for which a full valuation allowance has been provided generally are not accounted for as a component of the EAETR. For the three months ended March 31, 2016, the Other discrete items component of the EAETR reconciliation primarily relates to the impact of excluding these pretax losses. For the three months ended March 31, 2015, the Other discrete items primarily related to restructuring and IPR&D.

(4) Includes the tax effect of currency remeasurement associated with our foreign statutory operations that, in accordance with GAAP income tax accounting guidance, is treated discretely for tax purposes.

(5) The decrease in the EAETR is primarily driven by lower current year projected domestic earnings. Further, domestic tax legislation enacted during the fourth quarter of 2015 has decreased the amount of projected domestic tax expense for the three months ended March 31, 2016, as compared to the first quarter of 2015.

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Financial Instruments, Risk Management and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Financial Instruments Risk Management And Fair Value Measurements [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables provide the gross fair value and net balance sheet presentation of our derivative instruments.

	March 31, 2016
	Gross Amount of Derivatives
(in Millions)	Designated as Cash Flow Hedges			Not Designated as Hedging Instruments			Total Gross Amounts			Gross Amounts Offset in the Consolidated Balance Sheet (3)			Net Amounts
Derivatives
Foreign exchange contracts	$	6.0		$	0.5		$	6.5		$	(6.5	)	$	—
Energy contracts	0.1			—			0.1			(0.1		)	—
Total derivative assets (1)	6.1			0.5			6.6			(6.6		)	—
Foreign exchange contracts	(10.1		)	(30.0		)	(40.1		)	6.5			(33.6		)
Energy contracts	(2.4		)	—			(2.4		)	—			(2.4		)
Total derivative liabilities (2)	(12.5		)	(30.0		)	(42.5		)	6.5			(36.0		)
Net derivative assets/(liabilities)	$	(6.4	)	$	(29.5	)	$	(35.9	)	$	(0.1	)	$	(36.0	)
	December 31, 2015
	Gross Amount of Derivatives
(in Millions)	Designated as Cash Flow Hedges			Not Designated as Hedging Instruments			Total Gross Amounts			Gross Amounts Offset in the Consolidated Balance Sheet (3)			Net Amounts
Derivatives
Foreign exchange contracts	$	6.1		$	5.2		$	11.3		$	(11.3	)	$	—
Energy contracts	—			—			—			—			—
Total derivative assets (1)	6.1			5.2			11.3			(11.3		)	—
Foreign exchange contracts	(15.4		)	(7.3		)	(22.7		)	11.3			(11.4		)
Energy contracts	(2.0		)	—			(2.0		)	—			(2.0		)
Total derivative liabilities (2)	(17.4		)	(7.3		)	(24.7		)	11.3			(13.4		)
Net derivative assets/(liabilities)	$	(11.3	)	$	(2.1	)	$	(13.4	)	$	—		$	(13.4	)

____________________

(1) Net balance is included in “Prepaid and other current assets” in the condensed consolidated balance sheets.

(2) Net balance is included in “Accrued and other liabilities” in the condensed consolidated balance sheets.

(3) Represents net derivatives positions subject to master netting arrangements.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The tables below summarize the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments.

Derivatives in Cash Flow Hedging Relationships

	Three Months Ended March 31
	Contracts
	Foreign Exchange					Energy					Total
(in Millions)	2016		2015			2016			2015		2016		2015
Unrealized hedging gains (losses) and other, net of tax	$	2.9	$	0.3		$	(0.6	)	$	2.0	$	2.3	$	2.3
Reclassification of deferred hedging (gains) losses,  net of tax (1)
Effective portion (1)	2.0		(2.6		)	0.4			0.8		2.4		(1.8		)
Total derivative instrument impact on  comprehensive income, net of tax	$	4.9	$	(2.3	)	$	(0.2	)	$	2.8	$	4.7	$	0.5

___________________

(1) See Note 13 for classification of amounts within the condensed consolidated statements of income (loss).

Derivatives Not Designated as Hedging Instruments

	Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Pre-tax Gain or (Loss)  Recognized in Income on Derivatives (1)
		Three Months Ended March 31
(in Millions)		2016		2015
Foreign exchange contracts	Cost of sales and services	$	15.6	$	(4.5	)
	Selling, general & administrative (2)	—		(180.1		)
Total		$	15.6	$	(184.6	)

___________________

(1) Amounts in the columns represent the gain or loss on the derivative instrument offset by the gain or loss on the hedged item.

(2) Charges represent a loss on the Cheminova acquisition hedge. See Note 3 within these condensed consolidated financial statements for more information.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present our fair-value hierarchy for those assets and liabilities measured at fair-value on a recurring basis in the condensed consolidated balance sheets. During the periods presented there were no transfers between fair-value hierarchy levels.

(in Millions)	March 31, 2016		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives – Foreign exchange (1)	$	—	$	—	$	—	$	—
Other (2)	25.3		25.3		—		—
Total assets	$	25.3	$	25.3	$	—	$	—
Liabilities
Derivatives – Commodities:
Energy contracts (1)	$	2.4	$	—	$	2.4	$	—
Derivatives – Foreign exchange (1)	33.6		—		33.6		—
Other (3)	29.5		29.2		0.3		—
Total liabilities	$	65.5	$	29.2	$	36.3	$	—

____________________

(1) See the Fair Value of Derivative Instruments table within this Note for classifications on the condensed consolidated balance sheet.

(2) Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

(3) Consists of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts due are included in “Other long-term liabilities” in the condensed consolidated balance sheets. Level 2 liabilities represent liability-based awards associated with non-employees.

(in Millions)	December 31, 2015		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives – Foreign exchange (1)	$	—	$	—	$	—	$	—
Other (2)	25.4		25.4		—		—
Total assets	$	25.4	$	25.4	$	—	$	—
Liabilities
Derivatives – Commodities:
Energy contracts (1)	$	2.0	$	—	$	2.0	$	—
Derivatives – Foreign exchange (1)	11.4		—		11.4		—
Other (3)	29.1		29.1		—		—
Total liabilities	$	42.5	$	29.1	$	13.4	$	—

____________________

(1) See the Fair -Value of Derivative Instruments table within this Note for classification on the condensed consolidated balance sheet.

(2) Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

(3) Consist of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts included in “Other long-term liabilities” in the condensed consolidated balance sheets.

Fair Value Measurements, Nonrecurring

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis in the condensed consolidated balance sheets during the year ended December 31, 2015. There were no non-recurring fair value measurements in the condensed consolidated balance sheets during the three months ended March 31, 2016.

(in Millions)	December 31, 2015		Quoted Prices in  Active Markets  for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses) (Year Ended December 31, 2015)
Assets
Long-lived assets associated with exit activities (1)	$	35.4	$	—	$	—	$	35.4	$	(70.5	)
Total assets	$	35.4	$	—	$	—	$	35.4	$	(70.5	)

____________________

(1) We recorded charges, within our FMC Health and Nutrition segment, to write down the value of certain long-lived assets of approximately $70.5 million to salvage value in the case of fixed assets and fair value in the case of indefinite lived intangible assets.

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Guarantees, Commitments, and Contingencies (Tables)

3 Months Ended

Mar. 31, 2016

Commitments Guarantees and Contingent Liabilities [Abstract]

Schedule of estimated undiscounted potential future payments for guarantees

The following table provides the estimated undiscounted amount of potential future payments for each major group of guarantees at March 31, 2016. These guarantees arise during the ordinary course of business from relationships with customers and nonconsolidated affiliates. Non-performance by the guaranteed party triggers the obligation requiring us to make payments to the beneficiary of the guarantee. Based on our experience these types of guarantees have not had a material effect on our consolidated financial position or on our liquidity. Our expectation is that future payment or performance related to the non-performance of others is considered unlikely.

(in Millions)
Guarantees:
Guarantees of vendor financing - short-term (1)	$	80.8
Guarantees of vendor financing - long-term (1)	35.7
Other debt guarantees (2)	20.1
Total	$	136.6

____________________

(1) Represents guarantees to financial institutions on behalf of certain FMC Agricultural Solutions customers for their seasonal borrowing. This short term amount is recorded on the condensed consolidated balance sheets as “Guarantees of vendor financing.” The long term amount is recorded on the condensed consolidated balance sheet within "Other long term liabilities."

(2) These guarantees represent support provided to third-party banks for credit extended to various FMC Agricultural Solutions customers and nonconsolidated affiliates. The liability for the guarantees is recorded at an amount that approximates fair-value (i.e., representing the stand-ready obligation) based on our historical collection experience and a current assessment of credit exposure. We believe the fair-value of these guarantees is immaterial. The majority of these guarantees have an expiration date of less than one year.

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment reporting information by segment

(in Millions)	Three Months Ended March 31
	2016			2015
Revenue
FMC Agricultural Solutions	$	546.1		$	392.4
FMC Health and Nutrition	192.4			211.0
FMC Lithium	60.3			56.0
Total	$	798.8		$	659.4
Income from continuing operations before income taxes
FMC Agricultural Solutions	$	82.0		$	81.8
FMC Health and Nutrition	47.3			51.0
FMC Lithium	14.9			5.5
Segment operating profit	$	144.2		$	138.3
Corporate and other	(16.9		)	(15.3		)
Operating profit before the items listed below	$	127.3		$	123.0
Interest expense, net	(20.8		)	(14.0		)
Restructuring and other (charges) income (1)	(12.4		)	(22.3		)
Non-operating pension and postretirement (charges) income (2)	(1.0		)	(6.2		)
Acquisition-related charges (3)	(7.4		)	(190.7		)
(Provision) benefit for income taxes	(30.9		)	49.1
Discontinued operations, net of income taxes	(6.1		)	15.6
Net income attributable to noncontrolling interests	(0.4		)	(1.3		)
Net income (loss) attributable to FMC stockholders	$	48.3		$	(46.8	)

____________________

(1) See Note 8 for details of restructuring and other (charges) income. Below provides the detail the (charges) income by segment:

	Three Months Ended March 31
(in Millions)	2016			2015
FMC Agricultural Solutions	$	(6.6	)	$	(18.3	)
FMC Health and Nutrition	(0.2		)	(2.2		)
FMC Lithium	(0.6		)	(0.3		)
Corporate	(5.0		)	(1.5		)
Restructuring and other (charges) income	$	(12.4	)	$	(22.3	)

(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, 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 the 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 the condensed consolidated statements of income (loss). 

(3) Charges relate to the expensing of the inventory fair value step-up resulting from the application of purchase accounting, transaction costs, costs for transitional employees, other acquired employee related costs, integration related legal and professional third-party fees and gains or losses on hedging purchase price associated with the planned or completed acquisitions. Amounts represent the following:

	Three Months Ended March 31
(in Millions)	2016		2015
Acquisition-related charges - Cheminova
Legal and professional fees (1)	$	7.4	$	10.6
Inventory fair value amortization (2)	—		—
(Gain)/loss on hedging purchase price (1)	—		180.1
Acquisition-related charges	$	7.4	$	190.7

____________________

(1) On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.” For more information see Note 3.

(2)    On the condensed consolidated statements of income (loss), these charges are included in “Costs of sales and services.”

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Acquisitions (Details) $ in Millions, DKK in Billions		3 Months Ended		8 Months Ended
	Apr. 21, 2015 USD ($)	Mar. 31, 2016 USD ($)	Mar. 31, 2016 DKK	Apr. 21, 2015 USD ($)	Sep. 08, 2014 USD ($)
Business Acquisition [Line Items]
Increase to goodwill from measurement period adjustments		$ 20.4
Planned aggregate purchase price to acquire business					$ 1,470.0
Planned aggregate purchase price net of debt					$ 300.0
Gain (loss) on FX forward contracts		$ (180.1)
Denmark, Kroner
Business Acquisition [Line Items]
Foreign currency exchange ratio	6.96			6.96	5.77
Foreign currency exchange rate improvement for US dollar (percent)				21.00%
United States of America, Dollars
Business Acquisition [Line Items]
Foreign currency exchange ratio	1.00	1.00	1.00	1.00
Cheminova [Member]
Business Acquisition [Line Items]
Percentage of voting interests acquired (percent)	100.00%			100.00%
Aggregate purchase price	$ 1,200.0		DKK 8.5
Hedge-related costs	$ 600.0			$ 600.0
Increase to goodwill from measurement period adjustments		$ 20.0

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Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Millions		Apr. 21, 2015	Mar. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill			$ 800.7	$ 776.1
Cheminova [Member]
Business Acquisition [Line Items]
Trade receivables		$ 488.1
Inventories	[1]	362.4
Other current assets		53.6
Property, plant & equipment		186.4
Goodwill	[2]	468.8
Other assets		84.5
Total fair value of assets acquired		2,302.1
Short-term debt		140.5
Other current liabilities		432.3
Environmental reserves		47.2
Long-term debt	[3]	273.1
Deferred tax liabilities		165.1
Other liabilities		38.8
Total fair value of liabilities assumed		1,097.0
Total cash paid, less cash acquired		$ 1,205.1
Weighted average useful life of acquired intangibles		20 years
Fair Value Adjustment to Inventory [Member] | Cheminova [Member]
Business Acquisition [Line Items]
Inventories		$ 57.8
Customer Relationships [Member] | Cheminova [Member]
Business Acquisition [Line Items]
Intangible Assets	[4]	294.1
Brands [Member] | Cheminova [Member]
Business Acquisition [Line Items]
Intangible Assets	[4]	362.8
In Process Research and Development [Member] | Cheminova [Member]
Business Acquisition [Line Items]
Intangible Assets	[4]	$ 1.4

[1] Fair value of finished goods inventory acquired included a step-up in the value of approximately $57.8 million, all of which was expensed in 2015 and included in "Cost of sales and services" on the condensed consolidated income statement.

[2] Goodwill largely consists of expected cost synergies and economies of scale resulting from the business combination. None of the acquired goodwill will be deductible for income tax purposes

[3] Long-term debt assumed primarily consisted of mortgage debt and borrowings under existing Cheminova credit facilities that were settled by FMC’s term loan in the second quarter of 2015.

[4] The weighted average useful life of the acquired finite-lived intangibles, which primarily represents the customer relationships, is approximately 20 years.

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Acquisitions - Pro Forma Information (Details) - Cheminova [Member] - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Pro forma Revenue	[1]	$ 798.8	$ 963.0
Pro forma Diluted earnings per share (in dollars per share)	[1]	$ 0.36	$ 0.55

[1] For the three month ended March 31, 2016, pro forma results and actual results are the same.

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Acquisitions - Acquisition-related and Restructuring Charges (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Total Acquisition-related charges		$ 7.4	$ 190.7
Restructuring charges and asset disposals		3.2	5.4
Cheminova [Member]
Business Acquisition [Line Items]
Legal and professional fees	[1]	7.4	10.6
(Gain)/loss on hedging purchase price	[2]	0.0	180.1
Total Acquisition-related charges		7.4	190.7
Restructuring charges and asset disposals	[3]	$ 3.0	$ 0.0

[1] Represents transaction costs, costs for transitional employees, other acquired employees related costs and integration-related legal and professional third-party fees. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

[2] See "Cheminova Acquisition Hedge Costs" below for more information on these charges. On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.”

[3] See Note 8 for more information. These charges are recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss).

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Goodwill and Intangible Assets - Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Goodwill [Roll Forward]
Balance, December 31, 2015	$ 776.1
Acquisitions	0.0
Increase to goodwill from measurement period adjustments	20.4
Foreign currency adjustments	4.2
Balance, March 31, 2016	800.7
FMC Agricultural Solutions [Member]
Goodwill [Roll Forward]
Balance, December 31, 2015	479.5
Acquisitions	0.0
Increase to goodwill from measurement period adjustments	20.4
Foreign currency adjustments	0.0
Balance, March 31, 2016	499.9
FMC Health and Nutrition [Member]
Goodwill [Roll Forward]
Balance, December 31, 2015	296.6
Acquisitions	0.0
Increase to goodwill from measurement period adjustments	0.0
Foreign currency adjustments	4.2
Balance, March 31, 2016	300.8
FMC Lithium [Member]
Goodwill [Roll Forward]
Balance, December 31, 2015	0.0
Acquisitions	0.0
Increase to goodwill from measurement period adjustments	0.0
Foreign currency adjustments	0.0
Balance, March 31, 2016	$ 0.0

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Goodwill and Intangible Assets - Finite-lived intangible Assets (Details) - USD ($) $ in Millions		Mar. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross		$ 547.7	$ 526.4
Accumulated Amortization		(83.5)	(75.5)
Net		464.2	450.9
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross		454.9	435.5
Accumulated Amortization		(46.6)	(40.8)
Net		408.3	394.7
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross		2.2	2.2
Accumulated Amortization		(0.3)	(0.3)
Net		1.9	1.9
Brands [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	[1]	15.6	14.2
Accumulated Amortization	[1]	(3.6)	(2.7)
Net	[1]	12.0	11.5
Purchased and Licensed Technologies [Member]
Finite-Lived Intangible Assets [Line Items]
Gross		71.5	71.0
Accumulated Amortization		(30.8)	(29.5)
Net		40.7	41.5
Other Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross		3.5	3.5
Accumulated Amortization		(2.2)	(2.2)
Net		$ 1.3	$ 1.3

[1] Represents trademarks, trade names and know-how.

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Goodwill and Intangible Assets - Indefinite Life Intangible Assets (Details) - USD ($) $ in Millions		Mar. 31, 2016	Dec. 31, 2015
Indefinite-lived Intangible Assets by Segment [Line Items]
Gross		$ 405.6	$ 386.1
Total intangible assets		953.3	912.5
Accumulated Amortization		(83.5)	(75.5)
Net intangible assets		869.8	837.0
Brands [Member]
Indefinite-lived Intangible Assets by Segment [Line Items]
Gross	[1]	404.1	384.7
In Process Research and Development [Member]
Indefinite-lived Intangible Assets by Segment [Line Items]
Gross		$ 1.5	$ 1.4

[1] Represents trademarks, trade names and know-how.

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Goodwill and Intangible Assets - by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Finite-lived	$ 464.2		$ 450.9
Indefinite Life	405.6		$ 386.1
Amortization expense	7.1	$ 2.6
Amortization Expense, remainder of 2016	31.0
Amortization Expense, 2017	30.0
Amortization Expense, 2018	30.0
Amortization Expense, 2019	30.0
Amortization Expense, 2020	30.0
FMC Agricultural Solutions [Member]
Finite-lived	394.4
Indefinite Life	390.1
FMC Health and Nutrition [Member]
Finite-lived	68.7
Indefinite Life	15.5
FMC Lithium [Member]
Finite-lived	1.1
Indefinite Life	$ 0.0

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Receivables (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning balance	$ 13.9	$ 37.2
Additions — charged to expense	4.8	5.9
Transfers from allowance for doubtful accounts		(29.2)
Net Recoveries and write- offs	(1.2)
Ending Balance	17.5	13.9
Accounts Receivable, Net, Noncurrent	116.6
Allowance for long term customer receivables [Roll Forward]
Beginning balance	29.2	0.0
Additions - charged to expense	2.0	29.2
Net Recoveries and write- offs	0.0	0.0
Ending balance	$ 31.2	$ 29.2

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Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Inventories:
Finished goods	$ 425.2	$ 350.0
Work in process	269.3	275.4
Raw materials, supplies and other	321.2	335.6
First-in, first-out inventory	1,015.7	961.0
Less: Excess of first-in, first-out cost over last-in, first-out cost	(160.8)	(160.8)
Net inventories	$ 854.9	$ 800.2

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Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Property, plant and equipment:
Property, plant and equipment	$ 1,814.2	$ 1,784.6
Accumulated depreciation	(786.4)	(768.2)
Property, plant and equipment, net	$ 1,027.8	$ 1,016.4

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Restructuring and Other Charges (Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring charges and asset disposals	$ 3.2	$ 5.4
Other charges (income), net	9.2	16.9
Total restructuring and other charges	$ 12.4	$ 22.3

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Restructuring and Other Charges (Income) - Activity (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Severance and Employee Benefits	[1]	$ 2.2	$ 4.4
Other Charges (Income)	[2]	(0.2)	(0.2)
Asset Disposal Charges	[3]	1.2	1.2
Restructuring Charges and Asset Disposals		3.2	5.4
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	[4]	15.6
Change in reserves	[5]	2.0
Cash payments		(8.1)
Other		(3.4)
Restructuring Reserve, Ending Balance	[4]	6.1
Environmental charges, net		6.6	1.9
Argentina devaluation		4.2	0.0
Other items, net		(1.6)	15.0
Other charges (income), net		9.2	16.9
Cheminova Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance and Employee Benefits	[1]	1.8
Other Charges (Income)	[2]	0.0
Asset Disposal Charges	[3]	1.2
Restructuring Charges and Asset Disposals		3.0
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	[4]	8.7
Change in reserves	[5]	1.8
Cash payments		(5.9)
Other		(2.9)
Restructuring Reserve, Ending Balance	[4]	1.7
Other Restructuring Activities [Member]
Restructuring Cost and Reserve [Line Items]
Severance and Employee Benefits	[1]	0.4	3.3
Other Charges (Income)	[2]	(0.2)	(0.3)
Asset Disposal Charges	[3]	0.0	0.0
Restructuring Charges and Asset Disposals		0.2	3.0
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	[4],[6]	6.5
Change in reserves	[5],[6]	0.2
Cash payments	[6]	(2.2)
Other	[6]	(0.5)
Restructuring Reserve, Ending Balance	[4],[6]	4.0
Health and Nutrition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance and Employee Benefits	[1]		0.8
Other Charges (Income)	[2]		0.1
Asset Disposal Charges	[3]		1.2
Restructuring Charges and Asset Disposals			2.1
Lithium Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance and Employee Benefits	[1]		0.3
Other Charges (Income)	[2]		0.0
Asset Disposal Charges	[3]		0.0
Restructuring Charges and Asset Disposals			$ 0.3
Discontinued Operations [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	[4],[7]	0.4
Change in reserves	[5],[7]	0.0
Cash payments	[7]	0.0
Other	[7]	0.0
Restructuring Reserve, Ending Balance	[4],[7]	$ 0.4

[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 recoveries associated with restructuring.

[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.

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

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

[6] Primarily severance costs related to workforce reductions and facility shutdowns noted in the “Other Items” sections above.

[7] Cash spending associated with restructuring activities of discontinued operations is reported within "Other discontinued reserves" on the condensed consolidated statements of cash flows.

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Debt - Maturing within One Year (Details) - USD ($) $ in Millions		Mar. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Short-term foreign debt	[1]	$ 76.7	$ 87.2
Commercial paper	[2]	35.7	23.9
Total short-term debt		112.4	111.1
Current portion of long-term debt		1.8	1.5
Short-term debt and current portion of long-term debt		$ 114.2	$ 112.6
Short-term Debt [Member]
Short-term Debt [Line Items]
Interest rate percentage		9.20%
Commercial Paper [Member]
Short-term Debt [Line Items]
Interest rate percentage		0.65%

[1] At March 31, 2016, the average interest rate on the borrowings was 9.2%. We often provide parent-company guarantees to lending institutions that extend credit to our foreign subsidiaries.

[2] At March 31, 2016, the average interest rate on the borrowings was 0.65%.

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Debt - Long-term (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total long-term debt		$ 1,988.0	$ 2,037.8
Debt issuance cost		(12.1)	(11.9)
Less: debt maturing within one year		1.8	1.5
Total long-term debt, less current portion		$ 1,986.2	2,036.3
Pollution Control and Industrial Revenue Bonds [Member]
Debt Instrument [Line Items]
Interest rate percentage, minimum		0.60%
Interest rate percentage, maximum		6.50%
Maturity date, minimum		2021
Maturity date, maximum		2035
Unamortized discounts		$ 0.2	0.2
Total long-term debt		$ 141.5	141.5
Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate percentage, minimum		3.95%
Interest rate percentage, maximum		5.20%
Maturity date, minimum		2019
Maturity date, maximum		2024
Unamortized discounts		$ 1.6	1.7
Total long-term debt		$ 998.4	998.3
Term Loan Facility [Member]
Debt Instrument [Line Items]
Interest Rate Percentage		1.80%
Maturity Date		2020
Total long-term debt		$ 850.0	900.0
Credit Facility [Member]
Debt Instrument [Line Items]
Interest Rate Percentage		2.90%
Maturity Date		2019
Total long-term debt	[1]	$ 0.0	0.0
Letters of credit outstanding amount		53.6
Credit Agreement, available funds		$ 1,410.7
Foreign Debt [Member]
Debt Instrument [Line Items]
Interest rate percentage, minimum		0.00%
Interest rate percentage, maximum		9.30%
Maturity date, minimum		2016
Maturity date, maximum		2024
Total long-term debt		$ 10.2	$ 9.9

[1] Letters of credit outstanding under our Credit Facility totaled $53.6 million and available funds under this facility were $1,410.7 million at March 31, 2016, which reflects borrowings under our commercial paper program.

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Debt - Credit Facility (Details) - Revolving Credit Facility [Member]	3 Months Ended
	Mar. 31, 2016
Line of Credit Facility [Line Items]
Covenant compliance, actual leverage ratio	4.0
Covenant Terms, Maximum Leverage Ratio	4.5
Covenant compliance, actual interest coverage ratio	6.7
Covenant Terms, Minimum Interest Coverage Ratio	3.5

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Discontinued Operations (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Apr. 01, 2015
Results of discontinued FMC ACD operations:
Total discontinued operations of FMC ACD, net of income taxes		$ (6.1)	$ 15.6
Pension curtailment charge		0.0	5.3
Major classes of assets and liabilities:
Discontinued operations, net of income taxes		(6.1)	15.6
Discontinued Operations, tax effect of workers' compensation, product liability and other postretirement benefits		(0.9)	0.3
Discontinued Operation, tax effect of provision for environmental		(1.2)	(1.9)
Discontinued Operations, tax effect of provision for legal expenses		(1.6)	0.1
Discontinued Operation, Tax Effect of Discontinued Operation		0.0	(0.4)
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $0.9 and ($0.3) for the three months ended March 31, 2016 and 2015, respectively
Major classes of assets and liabilities:
Discontinued operations, net of income taxes		(0.4)	(2.5)
Provision for environmental liabilities, net of recoveries, net of income tax benefit of $1.7 and $6.3 for the three and nine months ended 2015 and $3.2 and $10.3 for the three and nine months ended 2014, respectively
Major classes of assets and liabilities:
Discontinued operations, net of income taxes	[1]	(3.0)	(0.6)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $1.6 and ($0.1) for the three months ended March 31, 2016 and 2015, respectively
Major classes of assets and liabilities:
Discontinued operations, net of income taxes		(2.7)	0.1
Discontinued operations of FMC Alkali Chemicals, net of income tax benefit (expense) of zero and ($0.4) for the three months ended March 31, 2016 and 2015, respectively
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax proceeds on sale of ACD				$ 1,649.8
After-tax proceeds on sales of ACD				$ 1,198.5
Pre-tax gain (loss) on sale of businesses		1,080.2
Gain (loss) on disposal of discontinued operation, net of tax		702.1
Results of discontinued FMC ACD operations:
Revenue		0.0	194.0
Costs of sales and services		0.0	149.2
Income (loss) from discontinued operations before income taxes	[2]	0.0	19.0
Provision for income taxes		0.0	0.4
Total discontinued operations of FMC ACD, net of income taxes		0.0	18.6
Less: discontinued operations of FMC ACD attributable to noncontrolling interests		0.0	0.0
Discontinued operations of FMC ACD, net of income taxes, attributable to FMC Stockholders		0.0	18.6
Allocated interest expense		0.0	2.2
Divestiture related costs		0.0	11.3
Major classes of assets and liabilities:
Discontinued operations, net of income taxes		$ 0.0	$ 18.6

[1] See a roll forward of our environmental reserves, as well as, discussion on significant environmental issues that occurred during the 2016 in Note 11.

[2] For the three months ended March 31, 2016 and 2015, respectively, amounts include zero and $2.2 million of allocated interest expense, zero and $11.3 million of divestiture related charges and zero and $5.3 million of a pension curtailment charge. Interest was allocated in accordance with relevant discontinued operations accounting guidance.

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Environmental Obligations (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Accrual for Environmental Loss Contingencies [Roll Forward]
Environmental reserves, long-term				$ 277.1	$ 281.8
Environmental loss contingencies, net of expected recoveries, in excess of accrual		$ 230.0
Recorded Recoveries [Roll Forward]
Environmental charges, net		6.6	$ 1.9
Environmental Provision, Net of Recoveries recorded to Other Assets		10.8	4.4
Continuing Operations [Member]
Recorded Recoveries [Roll Forward]
Environmental charges, net	[1]	6.6	1.9
Discontinued Operations [Member]
Recorded Recoveries [Roll Forward]
Environmental charges, net	[2]	4.2	2.5
Other Liabilities [Member]
Recorded Recoveries [Roll Forward]
Environmental charges, net	[3]	12.6	4.4
Other Assets [Member]
Recorded Recoveries [Roll Forward]
Environmental Recoveries, beginning		22.7
Increase in Recoveries		1.8
Cash Received		0.0
Environmental Recoveries, ending		24.5
Environmental charges, net	[4]	1.8	$ 0.0
Gross [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Total environmental reserves at December 31, 2015		348.2
Provision/(benefit)		12.6
(Spending)/recoveries		(6.3)
Total environmental reserves at March 31, 2016		356.3
Environmental reserves, current	[5]			76.0
Environmental reserves, long-term	[6]			280.3
Total environmental reserves, net of recoveries at end of period		348.2		356.3	348.2
Recorded Recoveries [Roll Forward]
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Currency Translation		1.8
Net change		8.1
Recoveries [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Total environmental reserves at December 31, 2015	[7]	(7.3)
Provision/(benefit)	[7]	0.0
(Spending)/recoveries	[7]	0.0
Total environmental reserves at March 31, 2016	[7]	(7.3)
Environmental reserves, current	[5],[7]			(4.1)
Environmental reserves, long-term	[6],[7]			(3.2)
Total environmental reserves, net of recoveries at end of period	[7]	(7.3)		(7.3)	(7.3)
Recorded Recoveries [Roll Forward]
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Currency Translation		0.0
Net change		0.0
Net [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Total environmental reserves at December 31, 2015		340.9
Provision/(benefit)		12.6
(Spending)/recoveries		(6.3)
Total environmental reserves at March 31, 2016		349.0
Environmental reserves, current	[5]			71.9
Environmental reserves, long-term	[6]			277.1
Total environmental reserves, net of recoveries at end of period		340.9		$ 349.0	$ 340.9
Recorded Recoveries [Roll Forward]
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Currency Translation		1.8
Net change		$ 8.1

[1] Recorded as a component of “Restructuring and other charges (income)” on the condensed consolidated statements of income (loss), see Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.

[2] Recorded as a component of “Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss), see Note 10.

[3] See above roll forward of our total environmental reserves as presented on the condensed consolidated balance sheets.

[4] See above roll forward of our total environmental recoveries as presented on the condensed consolidated balance sheets.

[5] These amounts are included within "Accrued and other liabilities" on the condensed consolidated balance sheets.

[6] These amounts are included in “Environmental liabilities, continuing and discontinued” on the condensed consolidated balance sheets.

[7] These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the condensed consolidated balance sheets.

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Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Antidilutive shares excluded from diluted EPS (in shares)	1,900	1,600
Earnings (loss) attributable to FMC stockholders:
Continuing operations, net of income taxes	$ 54.4	$ (62.4)
Discontinued operations, net of income taxes	(6.1)	15.6
Net income (loss) attributable to FMC stockholders	48.3	(46.8)
Less: Distributed and undistributed earnings allocable to restricted award holders	(0.2)	0.0
Net income (loss) allocable to common stockholders	$ 48.1	$ (46.8)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations (in USD per share)	$ 0.41	$ (0.47)
Discontinued operations (in USD per share)	(0.05)	0.12
Net income (loss) attributable to FMC stockholders (in USD per share)	0.36	(0.35)
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations (in USD per share)	0.41	(0.47)
Discontinued operations (in USD per share)	(0.05)	0.12
Net income (loss) attributable to FMC stockholders (in USD per share)	$ 0.36	$ (0.35)
Shares:
Weighted average number of shares of common stock outstanding - Basic (in shares)	133,802	133,577
Weighted average additional shares assuming conversion of potential common shares (in shares)	502	0
Shares – diluted basis (in shares)	134,304	133,577

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Equity - Rollforward of Stockholders Equity (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		Mar. 31, 2016		Mar. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at December 31, 2015		$ 1,908.3
Net income (loss)		48.7		$ (45.5)
Stock compensation plans		6.8
Excess tax benefits from share-based compensation		(0.3)
Shares for benefit plan trust		(0.1)
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax		6.3	[1]	5.8
Net hedging gains/(losses) and other, net of income tax		4.7	[1]	$ 0.5
Foreign currency translation adjustments	[1]	52.3
Dividends ($.165 per share)		(22.2)
Repurchases of common stock		(1.2)
Balance at March 31, 2016		$ 2,003.3
Dividends paid (in USD per share)		$ 0.165
FMC Shareholders' Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at December 31, 2015		$ 1,865.7
Net income (loss)		48.3
Stock compensation plans		6.8
Excess tax benefits from share-based compensation		(0.3)
Shares for benefit plan trust		(0.1)
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax	[1]	6.3
Net hedging gains/(losses) and other, net of income tax	[1]	4.7
Foreign currency translation adjustments	[1]	52.2
Dividends ($.165 per share)		(22.2)
Repurchases of common stock		(1.2)
Balance at March 31, 2016		1,960.2
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at December 31, 2015		42.6
Net income (loss)		0.4
Stock compensation plans		0.0
Excess tax benefits from share-based compensation		0.0
Shares for benefit plan trust		0.0
Net pension and other benefit actuarial gains/(losses) and prior service costs, net of income tax	[1]	0.0
Net hedging gains/(losses) and other, net of income tax	[1]	0.0
Foreign currency translation adjustments	[1]	0.1
Dividends ($.165 per share)		0.0
Repurchases of common stock		0.0
Balance at March 31, 2016		$ 43.1

[1] See condensed consolidated statements of comprehensive income (loss).

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Equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax at December 31, 2015		$ (457.3)	$ (375.8)
Other comprehensive income (loss) before reclassifications	[1]	54.5	(43.3)
Amounts reclassified from accumulated other comprehensive income (loss)		8.7	9.9
Accumulated other comprehensive income (loss), net of tax at March 31, 2016		(394.1)	(409.2)
Foreign currency adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax at December 31, 2015		(147.3)	(50.4)
Other comprehensive income (loss) before reclassifications	[1]	52.2	(39.7)
Amounts reclassified from accumulated other comprehensive income (loss)		0.0	0.0
Accumulated other comprehensive income (loss), net of tax at March 31, 2016		(95.1)	(90.1)
Derivative Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax at December 31, 2015	[2]	(6.2)	(3.9)
Other comprehensive income (loss) before reclassifications	[1],[2]	2.3	2.3
Amounts reclassified from accumulated other comprehensive income (loss)	[2]	2.4	(1.8)
Accumulated other comprehensive income (loss), net of tax at March 31, 2016	[2]	(1.5)	(3.4)
Pension and other postretirement benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax at December 31, 2015	[3]	(303.8)	(321.5)
Other comprehensive income (loss) before reclassifications	[1],[3]	0.0	(5.9)
Amounts reclassified from accumulated other comprehensive income (loss)	[3]	6.3	11.7
Accumulated other comprehensive income (loss), net of tax at March 31, 2016	[3]	$ (297.5)	$ (315.7)

[1] Excludes foreign currency translation adjustments attributable to noncontrolling interests.

[2] See Note 16 for more information.

[3] See Note 14 for more information.

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Equity - Reclassification Out of Accumulated Other Comprehensive Income (Details) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Costs of sales and services		$ 517.4	$ 408.7
Selling, general and administrative expenses		126.5	297.9
Income from continuing operations before income taxes		85.7	(110.2)
Provision for income taxes		(30.9)	49.1
Amount included in net income		48.7	(45.5)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amount included in net income	[1]	(8.7)	(9.9)
Derivative Instruments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	[1]	(3.6)	3.0
Provision for income taxes	[1]	1.2	(1.2)
Amount included in net income	[1]	(2.4)	1.8
Amortization of prior service costs [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	[1],[2]	(0.2)	(0.4)
Amortization of unrecognized net actuarial and other gains (losses) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	[1],[2]	(9.7)	(12.7)
Recognized loss due to settlement and curtailment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	[1],[2]	0.0	(5.3)	[3]
Pension and other postretirement benefits [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	[1]	(9.9)	(18.4)
Provision for income taxes	[1]	3.6	6.7
Amount included in net income	[1]	(6.3)	(11.7)
Foreign currency contracts [Member] | Derivative Instruments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Costs of sales and services	[1]	(0.9)	8.7
Selling, general and administrative expenses	[1]	(2.1)	(4.4)
Energy contracts [Member] | Derivative Instruments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Costs of sales and services	[1]	$ (0.6)	$ (1.3)

[1] Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss).

[2] Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 14.

[3] The loss due to curtailment for the three months ended March 31, 2015 related to the disposal of our FMC Alkali Chemicals division and was recorded to "Discontinued operations, net of income taxes" on the condensed consolidated statements of income (loss).

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Equity - Additional Information (Details) - USD ($) $ in Millions			3 Months Ended
		Apr. 21, 2016	Mar. 31, 2016	Mar. 31, 2015
Subsequent Event [Line Items]
Dividend paid	[1]		$ 22.1	$ 20.1
Stock repurchase program, remaining authorized repurchase amount			$ 250.0
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend paid		$ 22.2
Dividends payable, date to be paid		Apr. 21, 2016

[1] See Note 13 regarding quarterly cash dividend.

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Pensions and Other Postretirement Benefits (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Components of net annual benefit cost (income):
Recognized loss due to curtailment		$ 0.0	$ (5.3)
Pension Plan [Member]
Components of net annual benefit cost (income):
Service cost		2.6	4.1
Interest cost		12.7	15.4
Expected return on plan assets		(21.9)	(22.2)
Amortization of prior service cost (credit)		0.2	0.3
Recognized net actuarial and other (gain) loss		10.3	12.9
Recognized loss due to curtailment	[1]	0.0	4.8
Net periodic benefit cost	[2]	3.9	15.3
Other Postretirement Benefit Plan [Member]
Components of net annual benefit cost (income):
Service cost		0.0	0.0
Interest cost		0.2	0.3
Expected return on plan assets		0.0	0.0
Amortization of prior service cost (credit)		0.0	0.1
Recognized net actuarial and other (gain) loss		(0.3)	(0.2)
Recognized loss due to curtailment	[1]	0.0	0.5
Net periodic benefit cost	[2]	(0.1)	0.7
U.S. Defined Benefit Pension Plan [Member]
Pension and Other Postretirement Benefit Contributions [Abstract]
Voluntary cash contributions made to U.S. defined benefit pension plan			$ 25.0
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year, Voluntary Cash Contributions		$ 35.0

[1] Curtailment loss is associated with the disposal of our FMC Alkali Chemicals division and was recorded to discontinued operations within the condensed consolidated statements of income (loss).

[2] Net periodic benefit cost represents both continuing and discontinued operations.

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Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Continuing operations		$ 85.7	$ (110.2)
Income tax expense		$ 30.9	$ (49.1)
Effective tax rate (percent)		36.10%	44.60%
Discrete Items, Before Tax:
Acquisition related charges	[1]	$ 0.0	$ 190.7
Currency remeasurement	[2]	2.3	6.3
Other discrete items (3)	[3]	51.0	21.8
Tax only discrete items	[4]	0.0	0.0
Total discrete items		53.3	218.8
Continuing operations, before discrete items		139.0	108.6
Discrete Items, Tax:
Acquisition related charges	[1]	0.0	70.3
Currency remeasurement	[2]	0.5	(2.8)
Other discrete items (3)	[3]	1.4	7.3
Tax only discrete items	[4]	(2.9)	3.0
Total discrete items		(1.0)	77.8
Continuing operations, before discrete items		$ 29.9	$ 28.7
Estimated Annualized Effective Tax Rate (EAETR) (percent)	[5]	21.50%	26.40%

[1] Due to the nature of acquisition-related charges incurred in the first quarter of 2016, these charges are not treated discretely in accordance with GAAP. As such, the amounts differ from total acquisition-related charges as presented in Note 3. Acquisition-related charges for the three months ended March 31, 2015 are primarily taxed at domestic tax rates resulting in a material tax benefit. The acquisition-related charges are comprised of legal and professional fees and a loss incurred from hedging activity associated with the purchase price of Cheminova. See Note 3 for more information. As noted in footnote (2), below, hedge gains or losses are treated discretely for tax purposes.

[2] Represents transaction gains or losses for currency remeasurement, offset by the associated hedge gains or losses. Certain transaction gains or losses are considered non-taxable permanent items and their associated hedge gain or losses are treated discretely for tax purposes.

[3] In accordance with GAAP, subsidiaries for which a full valuation allowance has been provided generally are not accounted for as a component of the EAETR. For the three months ended March 31, 2016, the Other discrete items component of the EAETR reconciliation primarily relates to the impact of excluding these pretax losses. For the three months ended March 31, 2015, the Other discrete items primarily related to restructuring and IPR&D.

[4] Includes the tax effect of currency remeasurement associated with our foreign statutory operations that, in accordance with GAAP income tax accounting guidance, is treated discretely for tax purposes.

[5] The decrease in the EAETR is primarily driven by lower current year projected domestic earnings. Further, domestic tax legislation enacted during the fourth quarter of 2015 has decreased the amount of projected domestic tax expense for the three months ended March 31, 2016, as compared to the first quarter of 2015.

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Financial Instruments, Risk Management and Fair Value Measurements Narrative (Details) MMBTU in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($) MMBTU	Dec. 31, 2015 USD ($)
Derivative [Line Items]
Estimated fair value of debt	$ 2,194.8	$ 2,214.0
Carrying value of debt	2,100.4	$ 2,148.9
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within 12 months	2.8
Cash flow hedge gain (loss) to be reclassified after 12 months	0.0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative notional amount	$ 419.0
Designated as Hedging Instrument [Member] | Energy contracts [Member]
Derivative [Line Items]
Nonmonetary notional amount of price risk cash flow hedge | MMBTU	1.9
Designated as Hedging Instrument [Member] | Foreign Currency and Energy Contracts [Member]
Derivative [Line Items]
Cumulative changes in net gain (loss) from cash flow hedges	$ 2.8
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative notional amount	1,889.0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Cumulative changes in net gain (loss) from cash flow hedges	1.2
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Energy contracts [Member]
Derivative [Line Items]
Cumulative changes in net gain (loss) from cash flow hedges	$ 1.6

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- Derivatives Fair Value Balance Sheet Presentation (Details) - USD ($) $ in Millions		Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Gross Amounts Offset in the Consolidated Balance Sheet	[1]	$ (0.1)	$ 0.0
Gross amount of derivatives, net derivative assets/(liabilities)		(35.9)	(13.4)
Net derivative assets/(liabilities)		(36.0)	(13.4)
Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets	[2]	6.6	11.3
Gross Amounts Offset in the Consolidated Balance Sheet	[1],[2]	(6.6)	(11.3)
Net Amounts, Assets	[2]	0.0	0.0
Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amounts Offset in the Consolidated Balance Sheet	[1],[3]	6.5	11.3
Gross Amount of Derivatives, Liabilities	[3]	(42.5)	(24.7)
Net Amounts, Liabilities	[3]	36.0	13.4
Foreign Exchange Contract [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets		6.5	11.3
Gross Amounts Offset in the Consolidated Balance Sheet	[1]	(6.5)	(11.3)
Net Amounts, Assets		0.0	0.0
Foreign Exchange Contract [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amounts Offset in the Consolidated Balance Sheet	[1]	6.5	11.3
Gross Amount of Derivatives, Liabilities		(40.1)	(22.7)
Net Amounts, Liabilities		33.6	11.4
Energy Contracts [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets		0.1	0.0
Gross Amounts Offset in the Consolidated Balance Sheet	[1]	(0.1)	0.0
Net Amounts, Assets		0.0	0.0
Energy Contracts [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amounts Offset in the Consolidated Balance Sheet	[1]	0.0	0.0
Gross Amount of Derivatives, Liabilities		(2.4)	(2.0)
Net Amounts, Liabilities		2.4	2.0
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Gross amount of derivatives, net derivative assets/(liabilities)		(6.4)	(11.3)
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets	[2]	6.1	6.1
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Liabilities	[3]	(12.5)	(17.4)
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets		6.0	6.1
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Liabilities		(10.1)	(15.4)
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Energy Contracts [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets		0.1	0.0
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Energy Contracts [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Liabilities		(2.4)	(2.0)
Derivatives Not Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Gross amount of derivatives, net derivative assets/(liabilities)		(29.5)	(2.1)
Derivatives Not Designated as Hedging Instruments [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets	[2]	0.5	5.2
Derivatives Not Designated as Hedging Instruments [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Liabilities	[3]	(30.0)	(7.3)
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Contract [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets		0.5	5.2
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Contract [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Liabilities		(30.0)	(7.3)
Derivatives Not Designated as Hedging Instruments [Member] | Energy Contracts [Member] | Prepaid and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Assets		0.0	0.0
Derivatives Not Designated as Hedging Instruments [Member] | Energy Contracts [Member] | Accured and Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Gross Amount of Derivatives, Liabilities		$ 0.0	$ 0.0

[1] Represents net derivatives positions subject to master netting arrangements.

[2] Net balance is included in “Prepaid and other current assets” in the condensed consolidated balance sheets.

[3] Net balance is included in “Accrued and other liabilities” in the condensed consolidated balance sheets.

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- Derivatives Gain (Loss) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016		Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging gains (losses) and other, net of tax		$ 2.3		$ 2.3
Effective portion	[1]	2.4		(1.8)
Total derivative instruments, net of tax		4.7	[2]	0.5
Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivatives		(180.1)
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments, net of tax		4.9		(2.3)
Energy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments, net of tax		(0.2)		2.8
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging gains (losses) and other, net of tax		2.9		0.3
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Cost of Sales and Services [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion	[1]	2.0		(2.6)
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Energy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging gains (losses) and other, net of tax		(0.6)		2.0
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Energy Contracts [Member] | Cost of Sales and Services [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion	[1]	0.4		0.8
Derivatives Not Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivatives	[3]	15.6		(184.6)
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Contract [Member] | Cost of Sales and Services [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivatives	[3]	15.6		(4.5)
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Contract [Member] | Selling, General and Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivatives	[3],[4]	$ 0.0		$ (180.1)

[1] See Note 13 for classification of amounts within the condensed consolidated statements of income (loss).

[2] See condensed consolidated statements of comprehensive income (loss).

[3] Amounts in the columns represent the gain or loss on the derivative instrument offset by the gain or loss on the hedged item.

[4] Charges represent a loss on the Cheminova acquisition hedge. See Note 3 within these condensed consolidated financial statements for more information.

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- Fair Value (Details) - USD ($) $ in Millions		3 Months Ended			12 Months Ended
		Mar. 31, 2016		Mar. 31, 2015	Dec. 31, 2015
Assets
Total Gains (Losses) for the Period		$ (3.2)		$ (5.4)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Other		25.3	[1]		$ 25.4	[2]
Total assets		25.3			25.4
Liabilities
Other		29.2	[3]		29.1	[4]
Total liabilities		29.2			29.1
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Contract [Member]
Assets
Derivatives – Foreign exchange		0.0	[5]		0.0	[6]
Liabilities
Derivative Liabilities		0.0	[5]		0.0	[6]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Contracts [Member]
Liabilities
Derivative Liabilities		0.0	[5]		0.0	[6]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Other		0.0	[1]		0.0	[2]
Total assets		0.0			0.0
Liabilities
Other		0.3	[3]		0.0	[4]
Total liabilities		36.3			13.4
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member]
Assets
Derivatives – Foreign exchange		0.0	[5]		0.0	[6]
Liabilities
Derivative Liabilities		33.6	[5]		11.4	[6]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Contracts [Member]
Liabilities
Derivative Liabilities		2.4	[5]		2.0	[6]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Other		0.0	[1]		0.0	[2]
Total assets		0.0			0.0
Liabilities
Other		0.0	[3]		0.0	[4]
Total liabilities		0.0			0.0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Contract [Member]
Assets
Derivatives – Foreign exchange		0.0	[5]		0.0	[6]
Liabilities
Derivative Liabilities		0.0	[5]		0.0	[6]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Contracts [Member]
Liabilities
Derivative Liabilities		0.0	[5]		0.0	[6]
Fair Value, Measurements, Nonrecurring [Member]
Assets
Total Gains (Losses) for the Period					(70.5)
Total Gains (Losses) for the Period	[7]				(70.5)
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Total assets					0.0
Long-lived assets associated with exit activities	[7]				0.0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Total assets					0.0
Long-lived assets associated with exit activities	[7]				0.0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Total assets					35.4
Long-lived assets associated with exit activities	[7]				35.4
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Other		25.3	[1]		25.4	[2]
Total assets		25.3			25.4
Liabilities
Other		29.5	[3]		29.1	[4]
Total liabilities		65.5			42.5
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member]
Assets
Derivatives – Foreign exchange		0.0	[5]		0.0	[6]
Liabilities
Derivative Liabilities		33.6	[5]		11.4	[6]
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Energy Contracts [Member]
Liabilities
Derivative Liabilities		$ 2.4	[5]		2.0	[6]
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member]
Assets
Total assets					35.4
Long-lived assets associated with exit activities	[7]				$ 35.4

[1] Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

[2] Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.

[3] Consists of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts due are included in “Other long-term liabilities” in the condensed consolidated balance sheets. Level 2 liabilities represent liability-based awards associated with non-employees.

[4] Consist of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts included in “Other long-term liabilities” in the condensed consolidated balance sheets.

[5] See the Fair Value of Derivative Instruments table within this Note for classifications on the condensed consolidated balance sheet.

[6] See the Fair -Value of Derivative Instruments table within this Note for classification on the condensed consolidated balance sheet.

[7] We recorded charges, within our FMC Health and Nutrition segment, to write down the value of certain long-lived assets of approximately $70.5 million to salvage value in the case of fixed assets and fair value in the case of indefinite lived intangible assets.

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Guarantees, Commitments, and Contingencies (Details) $ in Millions	Mar. 31, 2016 USD ($)
Guarantor Obligations [Line Items]
Guarantees	$ 136.6
Guarantees of Vendor Financing [Member]
Guarantor Obligations [Line Items]
Guarantees	80.8
Other debt guarantees [Member]
Guarantor Obligations [Line Items]
Guarantees	35.7
Guarantee of Indebtedness of Others [Member]
Guarantor Obligations [Line Items]
Guarantees	$ 20.1

XML

Segment Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue		$ 798.8	$ 659.4
Operating profit before the items listed below		127.3	123.0
Interest expense, net		(20.8)	(14.0)
Restructuring and other (charges) income		(12.4)	(22.3)
Non-operating pension and postretirement (charges) income	[1]	(1.0)	(6.2)
Acquisition related charges		(7.4)	(190.7)
(Provision) benefit for income taxes		(30.9)	49.1
Discontinued operations, net of income taxes		(6.1)	15.6
Net income attributable to noncontrolling interests		(0.4)	(1.3)
Net income (loss) attributable to FMC stockholders		48.3	(46.8)
Acquisition-related charges		7.4	190.7
Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Income from continuing operations before income taxes		144.2	138.3
FMC Agricultural Solutions [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue		546.1	392.4
Income from continuing operations before income taxes		82.0	81.8
Restructuring and other (charges) income		(6.6)	(18.3)
FMC Health and Nutrition [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue		192.4	211.0
Income from continuing operations before income taxes		47.3	51.0
Restructuring and other (charges) income		(0.2)	(2.2)
FMC Lithium [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue		60.3	56.0
Income from continuing operations before income taxes		14.9	5.5
Restructuring and other (charges) income		(0.6)	(0.3)
Corporate and other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Income from continuing operations before income taxes		(16.9)	(15.3)
Restructuring and other (charges) income		(5.0)	(1.5)
Cheminova [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
(Gain)/loss on hedging purchase price			(180.1)
Acquisition-related charges		7.4	190.7
Selling, General and Administrative Expenses [Member] | Cheminova [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Legal and professional fees	[2]	7.4	10.6
(Gain)/loss on hedging purchase price	[2]	0.0	180.1
Cost of Sales and Services [Member] | Cheminova [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Inventory fair value amortization	[3]	$ 0.0	$ 0.0

[1] 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, 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 the 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 the condensed consolidated statements of income (loss).

[2] On the condensed consolidated statements of income (loss), these charges are included in “Selling, general and administrative expense.” For more information see Note 3.

[3] On the condensed consolidated statements of income (loss), these charges are included in “Costs of sales and services.”