XML 93 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of 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, 2019$(77.7) $(65.0) $(269.3) $(412.0) 
2020 Activity
Other comprehensive income (loss) before reclassifications(33.6) 27.5  —  (6.1) 
Amounts reclassified from accumulated other comprehensive income (loss)—  (10.3) 1.6  (8.7) 
Net current period other comprehensive income (loss)$(33.6) $17.2  $1.6  $(14.8) 
Accumulated other comprehensive income (loss), net of tax at March 31, 2020$(111.3) $(47.8) $(267.7) $(426.8) 
(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits (2)
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2018$(101.5) $11.2  $(218.6) $(308.9) 
2019 Activity
Other comprehensive income (loss) before reclassifications (2.1) 0.9  —  (1.2) 
Amounts reclassified from accumulated other comprehensive income (loss)—  (3.6) 3.4  (0.2) 
Net current period other comprehensive income (loss)$(2.1) $(2.7) $3.4  $(1.4) 
Adoption of accounting standard—  1.0  (54.1) (53.1) 
Distribution of FMC Lithium (3)
39.0  —  —  39.0  
Accumulated other comprehensive income (loss), net of tax at March 31, 2019$(64.6) $9.5  $(269.3) $(324.4) 
____________________
(1) See Note 18 for more information.
(2) See Note 16 for more information.
(3) Represents the effects of the distribution of FMC Lithium.
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)20202019
Derivative instruments
Foreign currency contracts$14.3  $3.3  Costs of sales and services
Foreign currency contracts(1.7) 1.3  Selling, general and administrative expenses
Interest rate contracts0.5  —  Interest expense, net
Total before tax$13.1  $4.6  
(2.8) (1.0) Provision for income taxes
Amount included in net income (loss)$10.3  $3.6  
Pension and other postretirement benefits (2)
Amortization of prior service costs$(0.1) $(0.1) Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)(2.0) (4.2) Selling, general and administrative expenses
Total before tax$(2.1) $(4.3) 
0.5  0.9  Provision for income taxes
Amount included in net income (loss)$(1.6) $(3.4) 
Total reclassifications for the period$8.7  $0.2  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 16.