Restructuring and Other Charges (Income)

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



	Three Months Ended June 30				Six Months Ended June 30
(in Millions)	2017		2016		2017		2016
Restructuring charges and asset disposals	$	2.7	$	5.9	$	2.7	$	8.9
Other charges (income), net	4.2		3.2		12.5		9.7
Total restructuring and other charges (income)	$	6.9	$	9.1	$	15.2	$	18.6

Restructuring charges and asset disposals

For detail on restructuring activities which commenced prior to 2017, see Note 7 to our consolidated financial statements included with our 2016 Form 10-K.



	Restructuring Charges
(in Millions)	Severance and Employee Benefits⁽¹⁾		Other Charges (Income)⁽²⁾		Asset Disposal Charges ⁽²⁾		Total
Other items	—		—		2.7		2.7
Three months ended June 30, 2017	$	—	$	—	$	2.7	$	2.7

Cheminova restructuring	3.2		1.4		1.3		5.9
Three months ended June 30, 2016	$	3.2	$	1.4	$	1.3	$	5.9

Other items	—		—		2.7		2.7
Six months ended June 30, 2017	$	—	$	—	$	2.7	$	2.7

Cheminova Restructuring	5.1		1.3		2.5		8.9
Six months ended June 30, 2016	$	5.1	$	1.3	$	2.5	$	8.9

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


(2)	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 12/31/16 ⁽³⁾		Change in reserves ⁽⁴⁾		Cash payments			Other			Balance at 6/30/17 ⁽³⁾
Cheminova restructuring	$	11.1	$	—	$	(2.6	)	$	(1.2	)	$	7.3
Other workforce related and facility shutdowns ⁽¹⁾	1.4		—		(0.1		)	—			1.3
Restructuring activities related to discontinued operations ⁽²⁾	3.4		1.9		(4.9		)	—			0.4
Total	$	15.9	$	1.9	$	(7.6	)	$	(1.2	)	$	9.0

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(1)	Primarily severance costs related to workforce reductions and facility shutdowns.


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


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


(4)	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 or other long term assets are not included in the above tables.

Other charges (income), net



	Three Months Ended June 30				Six Months Ended June 30
(in Millions)	2017		2016		2017		2016
Environmental charges, net	$	3.3	$	2.5	$	5.6	$	9.1
Argentina devaluation	—		—		—		4.2
Other items, net	0.9		0.7		6.9		(3.6		)
Other charges (income), net	$	4.2	$	3.2	$	12.5	$	9.7

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 the 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 FMC Lithium and FMC 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 (income)" 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

Other items, net for the six months ended June 30, 2017 primarily relate to exit costs resulting from the termination and de-consolidation of our interest in a variable interest entity that was previously consolidated and was part of our FMC Agricultural Solutions segment.