Supplemental Information (Tables)

12 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

The following tables present details of prepaid and other current assets, other assets including long-term receivables, net, accrued and other liabilities and other long-term liabilities as presented on the consolidated balance sheets:


(in Millions)	December 31,
			2019			2018
Prepaid and other current assets
Prepaid insurance	$	8.2		$	7.9


Tax related items including value added tax receivables	229.2			215.2
Refund asset ⁽¹⁾	37.7			49.7
Environmental obligation recoveries (Note 12)	12.3			6.2
Derivative assets (Note 19)	0.2			11.7

Acquisition related items	3.0			3.4

Other prepaid and current assets	196.9			138.5
Total	$	487.5		$	432.6


(in Millions)	December 31,
			2019			2018
Other assets including long-term receivables, net
Non-current receivables (Note 10)	$	123.1		$	84.5
Advance to contract manufacturers	116.3			69.9
Capitalized software, net	117.0			61.8
Environmental obligation recoveries (Note 12)	15.0			24.3

Income taxes indirect benefits	32.7			41.9
Operating lease ROU asset (Note 4)	164.7			—
Deferred compensation arrangements (Note 19)	20.2			17.7
Pension and other postretirement benefits (Note 15)	44.2			42.8
Other long-term assets	52.1			40.5
Total	$	685.3		$	383.4

____________________

(1) In accordance with revenue standard requirements, a sales return liability is recognized for the consideration paid by a customer to which FMC does not expect to be entitled, together with a corresponding refund asset to recover the product from the customer.


(in Millions)	December 31,
			2019			2018
Accrued and other liabilities
Restructuring reserves (Note 9)	$	8.1		$	8.2
Dividend payable (Note 17)	57.0			53.2
Accrued payroll	101.2			87.0

Environmental reserves, current, net of recoveries (Note 12)	115.3			63.0
Derivative liabilities (Note 19)	8.9			0.3
Furadan® product exit asset retirement obligations	33.0			—
Unfavorable contracts ⁽¹⁾	109.2			103.1
Operating lease current liabilities (Note 4)	31.5			—
Other accrued and other liabilities ⁽²⁾	216.4			256.0
Total	$	680.6		$	570.8


(in Millions)	December 31,
			2019			2018
Other long-term liabilities
Restructuring reserves (Note 9)	$	6.5		$	9.0
Asset retirement obligations, long-term (Note 1)	2.7			2.6
Transition tax related to Tax Cuts and Jobs Act ⁽³⁾	123.6			145.6
Contingencies related to uncertain tax positions (Note 13)	71.4			79.5
Deferred compensation arrangements (Note 19)	29.7			24.3
Derivative liabilities (Note 19)	0.2			—
Self-insurance reserves (primarily workers' compensation)	1.8			2.2
Lease obligations (Note 4)	163.2			17.3
Reserve for discontinued operations (Note 11)	71.9			72.2

Unfavorable contracts ⁽¹⁾	206.0			327.6
Other long-term liabilities	31.4			62.6
Total	$	708.4		$	742.9

____________________

(1) Primarily represents the technical insecticide product supply agreements with DuPont for use in their retained seed treatment business. Refer to Note 5 for more details.

(2) Other accrued and other liabilities includes the gross up of the estimated sales returns as part of our adoption of ASC 606. The impact of the adoption impacted accrued and other liabilities by $37.7 million and $49.7 million, respectively.

(3) Represents noncurrent portion of overall transition tax to be paid over the next six years.