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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 436.2 $ 339.1
Trade receivables, net of allowance of $22.9 in 2020 and $26.3 in 2019 2,460.1 2,231.2
Inventories 1,062.7 1,017.0
Prepaid and other current assets 513.0 487.5
Total current assets 4,472.0 4,074.8
Investments 0.7 0.7
Property, plant and equipment, net 735.7 758.0
Goodwill 1,459.6 1,467.5
Other intangibles, net 2,611.7 2,629.0
Other assets including long-term receivables, net 675.0 685.3
Deferred income taxes 234.5 257.4
Total assets 10,189.2 9,872.7
Current liabilities    
Short-term debt and current portion of long-term debt 250.2 227.7
Accounts payable, trade and other 838.4 900.1
Advance payments from customers 213.5 492.7
Accrued and other liabilities 630.3 680.6
Accrued customer rebates 389.0 280.6
Guarantees of vendor financing 64.3 75.7
Accrued pension and other postretirement benefits, current 4.3 4.3
Income taxes 66.5 62.2
Total current liabilities 2,456.5 2,723.9
Long-term debt, less current portion 3,531.8 3,031.1
Accrued pension and other postretirement benefits, long-term 43.1 44.2
Environmental liabilities, continuing and discontinued 450.0 470.5
Deferred income taxes 333.9 333.2
Other long-term liabilities 671.2 708.4
Commitments and contingent liabilities (Note 19)
Equity    
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued in 2020 or 2019 0.0 0.0
Common stock, $0.10 par value, authorized 260,000,000 shares; 185,983,792 issued shares in 2020 and 2019 18.6 18.6
Capital in excess of par value of common stock 840.2 829.7
Retained earnings 4,337.9 4,188.8
Accumulated other comprehensive income (loss) (426.8) (412.0)
Treasury stock, common, at cost - 2020: 56,536,608 shares, 2019: 56,859,498 shares (2,094.5) (2,092.8)
Total FMC stockholders’ equity 2,675.4 2,532.3
Noncontrolling interests 27.3 29.1
Total equity 2,702.7 2,561.4
Total liabilities and equity $ 10,189.2 $ 9,872.7