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Supplemental Information
 9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Information Supplemental Information
The following tables present details of prepaid and other current assets, other assets, accrued and other current liabilities, and other long-term liabilities as presented on the condensed consolidated balance sheets:
(in Millions)September 30, 2020December 31, 2019
Prepaid and other current assets
Argentina government receivable (1)
$12.4 $7.8 
Tax related items17.6 14.1 
Other receivables10.4 9.9 
Prepaid expenses4.4 9.2 
Bank Acceptance Drafts (2)
0.1 7.4 
Other current assets (3)
7.1 3.4 
Total$52.0 $51.8 
(in Millions)September 30, 2020December 31, 2019
Other assets
Argentina government receivable (1)
$55.9 $55.0 
Advance to contract manufacturers (4)
15.9 15.9 
Capitalized software, net2.1 1.1 
Prepayment associated with long-term supply agreement (5)
10.0 10.0 
Tax related items (6)
4.8 3.6 
Other assets8.6 5.9 
Total$97.3 $91.5 
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(1)     We have various subsidiaries that conduct business in Argentina. At September 30, 2020 and December 31, 2019, $40.4 million and $38.0 million, respectively, of outstanding receivables due from the Argentina government, which primarily represent export tax and export rebate receivables, was denominated in U.S. dollars. As with all outstanding receivable balances we continually review recoverability by analyzing historical experience, current collection trends and regional business and political factors among other factors.
(2)    Bank Acceptance Drafts are a common Chinese finance note used to settle trade transactions. Livent accepts these notes from Chinese customers based on criteria intended to ensure collectability and limit working capital usage.
(3)    September 30, 2020 includes a $4.9 million receivable for insurance reimbursement related to the IPO litigation settlement which was netted with the IPO litigation settlement accrual in "Restructuring and other" in the condensed consolidated statement of operations (See Note 6 and Note 12 for details).
(4)    We record deferred charges for certain contract manufacturing agreements which we amortize over the term of the underlying contract.
(5)    See Note 12 for further discussion about Nemaska arrangement.
(6)    Represents an offsetting non-current deferred asset of $3.3 million relating to specific uncertain tax positions and other tax related items.
(in Millions)September 30, 2020December 31, 2019
Accrued and other current liabilities
Plant restructuring reserves$3.2 $3.3 
Retirement liability - 401K1.9 2.7 
Accrued payroll9.9 6.7 
Derivative liabilities0.2 — 
Severance related 1.7 — 
Environmental reserves, current0.7 0.5 
Other accrued and other current liabilities (1)
16.2 23.2 
Total$33.8 $36.4 
(in Millions)September 30, 2020December 31, 2019
Other long-term liabilities
Asset retirement obligations$0.3 $0.2 
Contingencies related to uncertain tax positions (2)
5.5 4.1 
Deferred compensation plan obligation3.1 2.5 
Self-insurance reserves1.8 1.9 
Other long-term liabilities1.2 1.3 
Total$11.9 $10.0 
____________________
(1)     Amounts primarily include accrued capital expenditures related to our expansion projects and a $7.4 million settlement accrual related to IPO litigation recorded in the third quarter of 2020. See Note 12 for details about IPO litigation settlement.
(2)    At September 30, 2020, we have recorded a liability for uncertain tax positions of $4.2 million and a $1.5 million indemnification liability to FMC for assets where the offsetting uncertain tax position is with FMC.