FMC CORP, 10-Q filed on 7/31/2025
Quarterly Report
v3.25.2
Cover Page
 6 Months Ended
Jun. 30, 2025
shares
Cover [Abstract]  
Document Type 10-Q
Document Quarterly Report true
Document Period End Date Jun. 30, 2025
Document Transition Report false
Entity File Number 1-2376
Entity Registrant Name FMC CORPORATION
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 94-0479804
Entity Address, Address Line One 2929 Walnut Street
Entity Address, City or Town Philadelphia
Entity Address, State or Province PA
Entity Address, Postal Zip Code 19104
City Area Code 215
Local Phone Number 299-6000
Title of 12(b) Security Common Stock, par value $0.10 per share
Trading Symbol FMC
Security Exchange Name NYSE
Entity Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Filer Category Large Accelerated Filer
Entity Small Business false
Entity Emerging Growth Company false
Entity Shell Company false
Entity Common Stock, Shares Outstanding 124,911,586
Entity Central Index Key 0000037785
Current Fiscal Year End Date --12-31
Document Fiscal Year Focus 2025
Document Fiscal Period Focus Q2
Amendment Flag false
v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 1,050.5 $ 1,038.4 $ 1,841.9 $ 1,956.4
Costs and Expenses        
Costs of sales and services 644.2 640.3 1,118.9 1,218.6
Gross margin 406.3 398.1 723.0 737.8
Selling, general and administrative expenses 176.8 164.8 348.8 328.7
Research and development expenses 66.4 75.9 135.1 136.8
Restructuring and other charges (income) 36.7 95.1 54.5 136.0
Total costs and expenses 924.1 976.1 1,657.3 1,820.1
Income from continuing operations before non-operating pension, postretirement and other charges (income), interest expense, net and income taxes 126.4 62.3 184.6 136.3
Non-operating pension, postretirement and other charges (income) 6.6 4.2 9.8 8.5
Interest expense, net 61.0 63.6 111.1 125.3
Income (loss) from continuing operations before income taxes 58.8 (5.5) 63.7 2.5
Provision (benefit) for income taxes 14.4 (303.5) 27.9 (304.9)
Income (loss) from continuing operations 44.4 298.0 35.8 307.4
Discontinued operations, net of income taxes 23.4 (2.8) 16.4 (15.3)
Net income (loss) 67.8 295.2 52.2 292.1
Less: Net income (loss) attributable to noncontrolling interests 1.1 0.1 1.0 (0.3)
Net income (loss) attributable to FMC stockholders 66.7 295.1 51.2 292.4
Amounts attributable to FMC stockholders:        
Continuing operations, net of income taxes 43.3 297.9 34.8 307.7
Discontinued operations, net of income taxes 23.4 (2.8) 16.4 (15.3)
Net income (loss) attributable to FMC stockholders $ 66.7 $ 295.1 $ 51.2 $ 292.4
Basic earnings (loss) per common share attributable to FMC stockholders:        
Continuing operations (in USD per share) $ 0.34 $ 2.37 $ 0.28 $ 2.45
Discontinued operations (in USD per share) 0.19 (0.02) 0.13 (0.12)
Net income (loss) attributable to FMC stockholders (in USD per share) 0.53 2.35 0.41 2.33
Diluted earnings (loss) per common share attributable to FMC stockholders:        
Continuing operations (in USD per share) 0.34 2.37 0.28 2.45
Discontinued operations (in USD per share) 0.19 (0.02) 0.13 (0.12)
Net income (loss) attributable to FMC stockholders (in USD per share) $ 0.53 $ 2.35 $ 0.41 $ 2.33
v3.25.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 67.8 $ 295.2 $ 52.2 $ 292.1
Foreign currency adjustments:        
Foreign currency translation gain (loss) arising during the period 33.6 (9.2) 40.3 (45.9)
Total foreign currency adjustments [1] 33.6 [2] (9.2) [3] 40.3 (45.9)
Derivative instruments:        
Unrealized hedging gains (losses) and other, net of tax benefit (expense) of $5.5 and $11.8 for the three and six months ended June 30, 2025, respectively, and $(3.6) and $(5.5) for the three and six months ended June 30, 2024, respectively (20.0) 17.4 (36.7) 21.1
Reclassification of deferred hedging (gains) losses and other, included in net income (loss), net of tax (expense) benefit of [$—] and [$—] for the three and six months ended June 30, 2025 and and $0.8 and $0.7 for the three and six months ended June 30, 2024, respectively [4] (4.5) 1.4 (1.2) 1.1
Total derivative instruments, net of tax benefit (expense) of $7.5 and $12.9 for the three and six months ended June 30, 2025, respectively, and $(4.4) and $(6.2) for the three and six months ended June 30, 2024, respectively (24.5) 18.8 (37.9) 22.2
Pension and other postretirement benefits:        
Unrealized actuarial gains (losses) and prior service (costs) credits, net of tax benefit (expense) of zero for each of the three and six months ended June 30, 2025 and June 30, 2024. 0.0 (0.1) 0.0 (0.2)
Reclassification of net actuarial and other (gains) losses and amortization of prior service costs and settlement charges, included in net income (loss), net of tax (expense) benefit of [$—] and [$—] for the three and six months ended June 30, 2025 and $0.6 and $1.3 for the three and six months ended June 30, 2024, respectively [4] 2.7 2.6 5.2 5.2
Total pension and other postretirement benefits, net of tax benefit (expense) of $(0.6) and $(1.2) for the three and six months ended June 30, 2025, respectively, and $(0.6) and $(1.3) for the three and six months ended June 30, 2024, respectively 2.7 [2] 2.5 [3] 5.2 5.0
Other comprehensive income (loss), net of tax 11.8 12.1 7.6 (18.7)
Comprehensive income (loss) 79.6 307.3 59.8 273.4
Less: Comprehensive income (loss) attributable to the noncontrolling interest 1.5 (0.1) 1.7 (1.2)
Comprehensive income (loss) attributable to FMC stockholders $ 78.1 $ 307.4 $ 58.1 $ 274.6
[1] Income taxes are not provided for foreign currency translation because the related investments are essentially permanent in duration.
[2] See consolidated statements of comprehensive income (loss).
[3] See consolidated statements of comprehensive income (loss).
[4] For more detail on the components of these reclassifications and the affected line item in the consolidated statements of income (loss), see Note 13.
v3.25.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parentheticals) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Unrealized hedging gains (losses) and other, tax $ 5.5 $ (3.6) $ 11.8 $ (5.5)
Reclassification of deferred hedging (gains) losses and other, included in net income, tax 2.0 (0.8) 1.1 (0.7)
Total derivative instruments, tax 7.5 (4.4) 12.9 (6.2)
Unrealized actuarial gains (losses) and prior service (costs) credits, tax 0.0 $ 0.0 $ 0.0 $ 0.0
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, tax $ (0.6)      
v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 438.2 $ 357.3
Trade receivables, net of allowance of $42.8 in 2025 and $39.4 in 2024 3,076.3 2,903.2
Inventories 1,395.7 1,201.6
Prepaid and other current assets 557.1 496.2
Total current assets 5,467.3 4,958.3
Investments 27.7 25.6
Property, plant and equipment, net 890.7 849.7
Goodwill 1,527.0 1,507.0
Other intangibles, net 2,401.4 2,360.7
Other assets including long-term receivables, net 433.5 428.2
Deferred income taxes 1,549.5 1,523.8
Total assets 12,297.1 11,653.3
Current liabilities    
Short-term debt and current portion of long-term debt 893.3 337.4
Accounts payable, trade and other 906.0 768.5
Advance payments from customers 0.0 453.8
Accrued and other liabilities 819.8 755.2
Accrued customer rebates 812.0 489.9
Guarantees of vendor financing 61.5 85.5
Accrued pension and other postretirement benefits, current 3.0 6.4
Income taxes 77.5 122.5
Total current liabilities 3,573.1 3,019.2
Long-term debt, less current portion 3,270.0 3,027.9
Accrued pension and other postretirement benefits, long-term 22.2 19.4
Environmental liabilities, continuing and discontinued 522.9 521.3
Deferred income taxes 94.1 86.0
Other long-term liabilities 386.7 470.7
Commitments and contingent liabilities (Note 18)
Equity    
Preferred stock, no par value, authorized $5,000,000 shares; no shares issued in 2025 or 2024 0.0 0.0
Common stock, $0.10 par value, authorized $260,000,000 shares in 2025 and 2024; $185,983,792 shares issued in 2025 and 2024 18.6 18.6
Capital in excess of par value of common stock 959.6 966.5
Retained earnings 6,543.1 6,637.5
Accumulated other comprehensive income (loss) (403.7) (410.6)
Treasury stock, common, at cost - 2025: $61,072,206 shares, 2024: $61,142,890 shares (2,720.6) (2,724.5)
Total FMC stockholders’ equity 4,397.0 4,487.5
Noncontrolling interests 31.1 21.3
Total equity 4,428.1 4,508.8
Total liabilities and equity $ 12,297.1 $ 11,653.3
v3.25.2
CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Allowance for trade receivables $ 42.8 $ 39.4
Equity    
Preferred stock, par value (in USD per share) $ 0 $ 0
Preferred stock, shares authorized (in shares) 5,000,000 5,000,000
Preferred stock, shares issued (in shares) 0 0
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 260,000,000 260,000,000
Common stock, shares issued (in shares) 185,983,792 185,983,792
Treasury stock, shares, (in shares) 61,072,206 61,142,890
v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ 52.2 $ 292.1
Discontinued operations, net of income taxes (16.4) 15.3
Income (loss) from continuing operations 35.8 307.4
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 87.1 90.0
Restructuring and other charges (income) 54.5 136.0
Deferred income taxes 22.4 (421.6)
Pension and other postretirement benefits 7.3 10.1
Share-based compensation 11.1 12.4
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net (146.3) (94.8)
Guarantees of vendor financing (24.0) (5.7)
Advance payments from customers (453.8) (481.4)
Accrued customer rebates 304.5 307.3
Inventories (165.5) 244.1
Accounts payable, trade and other 130.5 108.8
Income taxes (122.2) 3.5
Pension and other postretirement benefit contributions (2.0) (1.7)
Environmental spending, continuing, net of recoveries (16.2) (13.6)
Restructuring and other spending [1] (72.9) (68.2)
Change in other operating assets and liabilities, net [2] (129.4) 16.7
Cash provided (required) by operating activities of continuing operations (479.1) 149.3
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (13.8) (23.1)
Other discontinued spending (3) [3] (15.9) 4.2
Cash provided (required) by operating activities of discontinued operations (29.7) (18.9)
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (46.6) (30.6)
Acquisitions, including cost and equity method, net (2.1) (1.8)
Proceeds from (disbursements for) the sale of the GSS business (2.1) 0.0
Other investing activities (0.6) (7.2)
Cash provided (required) by investing activities of continuing operations (51.4) (39.6)
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt 548.7 231.5
Financing fees and premiums [4] (14.6) 0.0
Repayments of long-term debt (500.1) 0.0
Proceeds from borrowing of long-term debt 750.0 0.0
Acquisitions of noncontrolling interests (8.6) 0.0
Issuances of common stock, net 0.2 0.2
Dividends paid [5] (145.5) (145.2)
Other repurchases of common stock (1.4) (1.8)
Cash provided (required) by financing activities of continuing operations 628.7 84.7
Effect of exchange rate changes on cash and cash equivalents 12.4 (6.4)
Increase (decrease) in cash and cash equivalents 80.9 169.1
Cash and cash equivalents, beginning of period 357.3 302.4
Cash and cash equivalents, end of period $ 438.2 $ 471.5
[1] For additional detail on restructuring and other charges activities, see Note 8.
[2] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[3] Discontinued operations for the six months ended June 30, 2024 includes cash proceeds, net of fees of $18.0 million received as the result of an insurance settlement for retained legal reserves.
[4] See Note 9 for more information on the make-whole premium paid in connection with the early redemption of certain debt instruments.
[5] See Note 13 regarding the quarterly cash dividend.
v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Discontinued operations gain on insurance settlement   $ 18.0
Cash paid for interest, net of capitalized interest $ 108.4 125.2
Income taxes paid, net of refunds 126.3 107.9
Noncash additions to property, plant and equipment 16.6 10.6
Noncash additions to investments $ 7.9 $ 10.5
v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock, $0.10 Par Value
Capital In Excess of Par
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Non-controlling Interest
Beginning balance at Dec. 31, 2023 $ 4,433.4 $ 18.6 $ 935.6 $ 6,587.1 $ (406.5) $ (2,723.9) $ 22.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (3.1)     (2.7)     (0.4)
Stock compensation plans 8.2   6.8     1.4  
Shares for benefit plan trust (0.5)         (0.5)  
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax [1] 2.5       2.5    
Net hedging gains (losses) and other, net of income tax [1] 3.4       3.4    
Foreign currency translation adjustments [1] (36.7)       (36.0)   (0.7)
Dividends (72.6)     (72.6)      
Repurchases of common stock (1.7)         (1.7)  
Ending balance at Mar. 31, 2024 4,332.9 18.6 942.4 6,511.8 (436.6) (2,724.7) 21.4
Beginning balance at Dec. 31, 2023 4,433.4 18.6 935.6 6,587.1 (406.5) (2,723.9) 22.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 292.1            
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax 5.0            
Foreign currency translation adjustments [2] (45.9)            
Ending balance at Jun. 30, 2024 4,580.7 18.6 955.6 6,734.2 (424.3) (2,724.7) 21.3
Beginning balance at Mar. 31, 2024 4,332.9 18.6 942.4 6,511.8 (436.6) (2,724.7) 21.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 295.2     295.1     0.1
Stock compensation plans 13.2   13.2        
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax [1] 2.5       2.5    
Net hedging gains (losses) and other, net of income tax [1] 18.8       18.8    
Foreign currency translation adjustments [1] (9.2) [2]       (9.0)   (0.2)
Dividends (72.7)     (72.7)      
Ending balance at Jun. 30, 2024 4,580.7 18.6 955.6 6,734.2 (424.3) (2,724.7) 21.3
Beginning balance at Dec. 31, 2024 4,508.8 18.6 966.5 6,637.5 (410.6) (2,724.5) 21.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (15.6)     (15.5)     (0.1)
Stock compensation plans 4.5   2.9     1.6  
Shares for benefit plan trust (0.1)         (0.1)  
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax [3] 2.5       2.5    
Net hedging gains (losses) and other, net of income tax [3] (13.4)       (13.4)    
Foreign currency translation adjustments [3] 6.7       6.4   0.3
Dividends (72.8)     (72.8)      
Repurchases of common stock (1.4)         (1.4)  
Acquisitions of noncontrolling interest [4] (7.6)   (15.7)       8.1
Ending balance at Mar. 31, 2025 4,411.6 18.6 953.7 6,549.2 (415.1) (2,724.4) 29.6
Beginning balance at Dec. 31, 2024 4,508.8 18.6 966.5 6,637.5 (410.6) (2,724.5) 21.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 52.2            
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax 5.2            
Foreign currency translation adjustments [2] 40.3            
Ending balance at Jun. 30, 2025 4,428.1 18.6 959.6 6,543.1 (403.7) (2,720.6) 31.1
Beginning balance at Mar. 31, 2025 4,411.6 18.6 953.7 6,549.2 (415.1) (2,724.4) 29.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 67.8     66.7     1.1
Stock compensation plans 6.9   6.9        
Shares for benefit plan trust 3.8         3.8  
Net pension and other benefit actuarial gains (losses) and prior service costs, net of income tax [3] 2.7       2.7    
Net hedging gains (losses) and other, net of income tax [3] (24.5)       (24.5)    
Foreign currency translation adjustments [3] 33.6 [2]       33.2   0.4
Dividends (72.8)     (72.8)      
Acquisitions of noncontrolling interest [4] (1.0)   (1.0)        
Ending balance at Jun. 30, 2025 $ 4,428.1 $ 18.6 $ 959.6 $ 6,543.1 $ (403.7) $ (2,720.6) $ 31.1
[1] See consolidated statements of comprehensive income (loss).
[2] Income taxes are not provided for foreign currency translation because the related investments are essentially permanent in duration.
[3] See consolidated statements of comprehensive income (loss).
[4] See Note 13 for more detail on transactions with noncontrolling interest.
v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parentheticals) - $ / shares
 3 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]        
Common stock, par value (in USD per share) $ 0.10   $ 0.10  
Dividends (in USD per share) $ 0.58 $ 0.58 $ 0.58 $ 0.58
v3.25.2
Financial Information and Accounting Policies
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Financial Information and Accounting Policies Financial Information and Accounting Policies
In our opinion, the consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") applicable to interim period financial statements and reflect all adjustments necessary for a fair statement of results of operations for the three and six months ended June 30, 2025 and 2024, cash flows for the six months ended June 30, 2025 and 2024, changes in equity for the three and six months ended June 30, 2025 and 2024, and our financial positions as of June 30, 2025 and December 31, 2024. All such adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the Notes. The results of operations for the three and six months ended June 30, 2025 and 2024 are not necessarily indicative of the results of operations for the full year. The consolidated balance sheet as of December 31, 2024 was audited by our independent registered public accountants. Our accounting policies are set forth in detail in Note 1 to the consolidated financial statements included with our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") for the year ended December 31, 2024 (the "2024 Form 10-K").
GSS Divestiture
On November 1, 2024, we completed the sale of our Global Specialty Solutions ("GSS") business to Environmental Science US, LLC d/b/a Envu ("Envu") and received proceeds, net of the preliminary working capital adjustment, of approximately $340 million. During the second quarter of 2025, certain foreign assets, consisting primarily of working capital balances, were transferred to Envu as a result of local timing constraints at the time of the sale. The remaining foreign assets are expected to transfer during 2025. We received consideration for the foreign assets, which were not material, at closing of the sale in 2024 and no additional consideration was or will be received at the date of transfer.
Intention to Divest India Commercial Business
In July 2025, the Board of Directors approved a plan to divest from the Company’s commercial business in India. The sale process is underway and is expected to conclude within the next twelve months. Therefore, we plan to classify the assets related to this business as held for sale beginning in the third quarter of 2025. The business does not qualify for recognition as discontinued operations and will continue to be presented in the Company’s operating results until a transaction is completed. In accordance with ASC 360-45-9, Long-Lived Assets Classified as Held for Sale, we will evaluate the assets related to the sale for impairment and, if necessary, record the related assets at the lower of its carrying value or fair value less costs to sell.
v3.25.2
Recently Issued and Adopted Accounting Pronouncements and Regulatory Items
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Recently Issued and Adopted Accounting Pronouncements and Regulatory Items Recently Issued and Adopted Accounting Pronouncements and Regulatory Items
New accounting guidance and regulatory items
On November 4, 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Topic 220): Expense Disaggregation Disclosures, to require disaggregation of certain expense captions into specified categories in disclosures within the notes of the financial statements. The standard is effective for FMC beginning with the Form 10-K for the year ended December 31, 2027, and early adoption is permitted. The guidance is required to be applied prospectively and amendments in the ASU may be applied prospectively or retrospectively. We are currently evaluating the impacts this standard will have on our disclosures.
On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Changes to the Disclosure Requirements for Income Taxes, to improve the transparency and decision usefulness of income tax disclosures. The standard requires companies to disclose a tabular effective rate reconciliation with certain reconciling items broken out by nature and/or jurisdiction as well as more robust disclosures of income taxes paid, specifically broken out between federal, state and foreign. The standard can be applied prospectively or retrospectively and early adoption is permitted. The ASU is effective for FMC beginning with the Form 10-K for the year ended December 31, 2025. We are currently evaluating the impacts this standard will have on our income tax disclosures.
v3.25.2
Revenue Recognition
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of revenue
We disaggregate revenue from contracts with customers by geographical areas and major product categories. We have three major agricultural product categories: insecticides, herbicides, and fungicides. Plant health, which includes biological products, is also included in the below table.
The following table provides information about disaggregated revenue by major geographical region:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
North America$320.9 $338.8 $507.3 $597.9 
Latin America310.4 307.2 517.2 495.2 
Europe, Middle East & Africa (EMEA)260.4 201.2 533.2 508.0 
Asia158.8 191.2 284.2 355.3 
Total Revenue$1,050.5 $1,038.4 $1,841.9 $1,956.4 
The following table provides information about disaggregated revenue by major product category:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Insecticides$525.3 $569.1 $928.0 $1,070.4 
Herbicides376.0 336.6 648.2 631.5 
Fungicides80.4 74.5 133.1 144.9 
Plant Health44.9 43.5 90.1 88.3 
Other23.9 14.7 42.5 21.3 
Total Revenue$1,050.5 $1,038.4 $1,841.9 $1,956.4 
We earn revenue from the sale of a wide range of products to a diversified base of customers around the world. We develop, market and sell all three major classes of crop protection chemicals (insecticides, herbicides and fungicides) as well as biologicals, crop nutrition, and seed treatment products, which we group as plant health. These products are used in agriculture to enhance crop yield and quality by controlling a broad spectrum of insects, weeds and disease. The majority of our product lines consist of insecticides and herbicides, with a smaller portfolio of fungicides mainly used in high value crop segments. We are investing in plant health which includes our growing biological products. Our insecticides are used to control a wide spectrum of pests, while our herbicide portfolio primarily targets a large variety of difficult-to-control weeds. Products in the other category include various agricultural products such as smaller classes of pesticides, growth promoters, and other miscellaneous revenue sources.
For additional detail on revenue recognition policies and procedures, see Note 3 to our consolidated financial statements included within our 2024 Form 10-K.
Contract Asset and Contract Liability Balances
We satisfy our obligations by transferring goods and services in exchange for consideration from customers. The timing of performance sometimes differs from the timing the associated consideration is received from the customer, thus resulting in the recognition of a contract asset or contract liability. We recognize a contract liability if the customer's payment of consideration is received prior to completion of our related performance obligation.
The following table presents the opening and closing balances of our receivables, net of allowances and contract liabilities from contracts with customers:
(in Millions)Balance as of June 30, 2025Balance as of December 31, 2024Increase (Decrease)
Receivables from contracts with customers, net of allowances (1)
$3,137.5 $2,942.9 $194.6 
Contract liabilities: Advance Payments from customers (2)
— 453.8 (453.8)
____________________ 
(1)Amount includes $3,076.3 million of trade receivables and $61.2 million of net long-term customer receivables as of June 30, 2025. See Note 5 for more information.
(2)The amount of revenue recognized in the six months ended June 30, 2025 that was included in the opening contract liability balance is $453.8 million.
The balance of receivables from contracts with customers listed in the table above include both current trade receivables and long-term receivables, net of allowance for doubtful accounts. The change in allowance for doubtful accounts for both current trade receivables and long-term receivables is representative of the impairment of receivables as of June 30, 2025. Refer to Note 5 for further information.
We periodically enter into prepayment arrangements with customers and receive advance payments for product to be delivered in future periods. We recognize these prepayments as a liability under "Advance payments from customers" on the consolidated balance sheets when they are received. Revenue associated with advance payments is recognized as shipments are made and transfer of control to the customer takes place.
v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of goodwill are presented in the table below:
(in Millions)Total
Balance, December 31, 2024$1,507.0 
GSS divestiture allocation (See Note 1.)
(5.0)
Foreign currency adjustments
25.0 
Balance, June 30, 2025$1,527.0 
There were no events or circumstances indicating that goodwill should be evaluated for impairment as of June 30, 2025.
Our intangible assets, other than goodwill, consist of the following:
June 30, 2025December 31, 2024
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,157.0 $(506.8)$650.2 $1,117.5 $(458.9)$658.6 
Patents1.7 (1.7)— 1.7 (1.7)— 
Brands (1)
68.2 (25.1)43.1 48.3 (19.2)29.1 
Purchased and licensed technologies137.3 (54.0)83.3 125.5 (48.2)77.3 
Other intangibles2.3 (1.8)0.5 2.3 (1.8)0.5 
$1,366.5 $(589.4)$777.1 $1,295.3 $(529.8)$765.5 
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)
$1,241.3 $1,241.3 $1,259.0 $1,259.0 
Brands (1)
370.9 370.9 325.6 325.6 
In-process research & development12.1 12.1 10.6 10.6 
$1,624.3 $1,624.3 $1,595.2 $1,595.2 
Total intangible assets$2,990.8 $(589.4)$2,401.4 $2,890.5 $(529.8)$2,360.7 
____________________ 
(1)Represents trademarks, trade names and know-how.
(2)Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.

Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Amortization expense$18.2 $16.4 $36.4 $32.8 
The full year estimated pre-tax amortization expense for the year ended December 31, 2025 and each of the succeeding five years is approximately $72.5 million, $74.1 million, $73.8 million, $74.5 million, $71.5 million, and $68.7 million, respectively.
v3.25.2
Receivables
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Receivables Receivables
The following table displays a roll forward of the allowance for doubtful trade receivables.
(in Millions)
Balance, December 31, 2023$29.1 
Additions - charged to expense
12.2 
Transfer from (to) allowance for credit losses (see below)(3.6)
Net recoveries, write-offs and other
1.7 
Balance, December 31, 2024$39.4 
Additions - charged to expense
3.1 
Transfer from (to) allowance for credit losses (see below)0.1 
Net recoveries, write-offs and other0.2 
Balance, June 30, 2025$42.8 
We have non-current receivables that represent long-term customer receivable balances related to past due accounts which are not expected to be collected within the current year. The net long-term customer receivables were $61.2 million as of June 30, 2025. These long-term customer receivable balances and the corresponding allowance are included in "Other assets including long-term receivables, net" on the consolidated balance sheets.
A portion of these long-term receivables have payment contracts. We have no reason to believe payments will not be made based upon the credit quality of these customers. Additionally, we also hold significant collateral against these customers including rights to property or other assets as a form of credit guarantee. If the customer does not pay or gives indication that they will not pay, these guarantees allow us to start legal action to block the sale of the customer’s harvest.
The following table displays a roll forward of the allowance for credit losses related to long-term customer receivables:
(in Millions)
Balance, December 31, 2023$27.1 
Additions - charged (credited) to expense
(1.8)
Transfer from (to) allowance for doubtful accounts (see above)3.6 
Foreign currency adjustments(3.4)
Net recoveries, write-offs and other(4.2)
Balance, December 31, 2024$21.3 
Additions - charged (credited) to expense
0.8 
Transfer from (to) allowance for doubtful accounts (see above)(0.1)
Foreign currency adjustments1.0 
Net recoveries, write-offs and other— 
Balance, June 30, 2025$23.0 
Receivables Securitization Facility:
FMC participates in certain trade receivables securitization programs, primarily impacting our Brazilian operations. On a revolving basis, FMC may sell certain trade receivables into the facilities in exchange for cash. A portion of the total receivables sold are deferred as an asset within "Other assets including long-term receivables, net" as presented on our consolidated balance sheets representing FMC’s beneficial interest in the securitization funds.
In all instances, the transferred financial assets are sold on a non-recourse basis and have met the true sale criteria under ASC Topic 860. FMC has surrendered control of the receivables and as a result they are no longer recognized on the consolidated balance sheets. FMC may be engaged to serve as a special servicer for any delinquent receivables. In that capacity, we are entitled to market rate compensation for those services.
Cash receipts from the sale of trade receivables under the securitization arrangements, received at the time of sale, are classified as cash flows from operating activities.
There were $85.1 million in receivables sold under the securitization programs during the six months ended June 30, 2025. A $5.1 million charge associated with the transfer of these financial assets is included as a component within "Selling, general and administrative expenses" during the six months ended June 30, 2025. There were $82.4 million in receivables sold under the securitization program during the six months ended June 30, 2024. A $5.7 million charge associated with the transfer of these financial assets is included as a component within "Selling, general and administrative expenses" during the six months ended June 30, 2024.
As part of funding our interest for all outstanding arrangements under the securitization programs, a portion of the receivables sold are retained by the investment fund and returned to FMC, including interest, at the maturity of the program. The fair value of the asset is approximately $38.2 million and is recorded within "Other assets including long-term receivables, net" on the consolidated balance sheets.
Other Receivable Factoring:
In addition to the above, we may sell trade receivables on a non-recourse basis to third-party financial institutions. These sales are normally driven by specific market conditions, including, but not limited to, foreign exchange environments, customer credit management, as well as other factors where the receivables originate.
We account for these transactions as true sales and as a result they are no longer recognized on the consolidated balance sheets because the agreements transfer effective control and risk related to the receivables to the buyers. The net cash proceeds received are presented within cash provided by operating activities within our consolidated statements of cash flows. The cost of factoring these accounts receivables is recorded within "Selling, general and administrative expenses" on the consolidated statements of income (loss) and has been inconsequential during each reporting period. Non-recourse factoring during the six months ended June 30, 2025 and 2024 was $206.2 million and $71.3 million, respectively.
v3.25.2
Inventories
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
 (in Millions)June 30, 2025December 31, 2024
Finished goods$481.8 $433.5 
Work in process685.0 548.6 
Raw materials, supplies and other228.9 219.5 
Net inventories$1,395.7 $1,201.6 
v3.25.2
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment consisted of the following:
(in Millions)June 30, 2025December 31, 2024
Property, plant and equipment$1,682.9 $1,597.9 
Accumulated depreciation(792.2)(748.2)
Property, plant and equipment, net$890.7 $849.7 
v3.25.2
Restructuring and Other Charges (Income)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges (Income) 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)2025202420252024
Restructuring charges$13.0 $83.8 $26.6 $117.5 
Other charges (income), net23.7 11.3 27.9 18.5 
Total restructuring and other charges (income)$36.7 $95.1 $54.5 $136.0 
Restructuring charges
For detail on restructuring activities that commenced prior to 2025, see Note 7 to our consolidated financial statements included within our 2024 Form 10-K.
Restructuring Charges
(in Millions)
Severance and Employee Benefits
Other Charges (Income) (1)
Asset Disposal Charges (Income) (2)
Total
Project Focus$5.4 $4.9 $2.5 $12.8 
Other items— 0.2 — 0.2 
Three Months Ended June 30, 2025$5.4 $5.1 $2.5 $13.0 
Project Focus18.6 6.5 59.2 84.3 
Other items— (0.5)— (0.5)
Three Months Ended June 30, 2024$18.6 $6.0 $59.2 $83.8 
Project Focus$9.6 $11.5 $5.6 $26.7 
Other items(0.4)0.3 — (0.1)
Six Months Ended June 30, 2025$9.2 $11.8 $5.6 $26.6 
Project Focus$37.5 $18.7 $61.5 $117.7 
Other items— (0.2)— (0.2)
Six Months Ended June 30, 2024$37.5 $18.5 $61.5 $117.5 
____________________ 
(1)Primarily represents other charges associated with restructuring activities, including third-party costs. Other income, if applicable, primarily represents favorable developments on previously recorded exit costs and recoveries associated with restructuring.
(2)Primarily represents asset write-offs (recoveries) and 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.

Project Focus
We previously implemented a global restructuring plan, referred to as "Project Focus," designed to right-size our cost base and optimize our footprint and organizational structure in light of the precipitous drop in demand across the crop protection market in 2023. During the six months ended June 30, 2025, charges incurred related to Project Focus include $9.6 million of severance and employee separation costs, $11.5 million of professional service provider costs and other miscellaneous charges associated with the project, and accelerated depreciation of $5.6 million on assets identified for disposal in connection with the restructuring initiative. The charges incurred during the six months ended June 30, 2025 are included in the total estimated range for Project Focus. See Note 7 to our consolidated financial statements in our 2024 Form 10-K for details of the costs previously incurred for Project Focus. The remaining amounts will be reflected in our consolidated results of operations as they become probable and estimable or a triggering event is identified in accordance with the relevant accounting guidance.
Roll forward of restructuring reserves
The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude accelerated depreciation on fixed assets, asset impairment charges and asset retirement obligations.
(in Millions)
Balance at
December 31, 2024 (6)
Change in
reserves (4)
Cash
payments
Balance at
June 30, 2025 (5)
Project Focus (1)
$146.9 $21.0 $(70.6)$97.3 
DuPont Crop restructuring (2)
3.0 — 0.2 3.2 
Other workforce related and facility shutdowns (3)
1.2 — (0.5)0.7 
Total$151.1 $21.0 $(70.9)$101.2 
____________________ 
(1)Relates to the global restructuring plan initiated in 2023. The reserve consists primarily of contract abandonment charges recorded during 2024 resulting from the reorganization of our supply chain footprint.
(2)Represents remaining cash spending on facility separation costs associated with DuPont Crop restructuring activities.
(3)Includes exit costs related to workforce reductions and facility shutdowns on previously implemented restructuring initiatives.
(4)Primarily consists of severance and employee separation costs and third-party provider fees.
(5)Included in "Accrued and other liabilities" and "Other long-term liabilities" on the consolidated balance sheets.

Other charges (income), net
 Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Environmental charges, net$7.4 $5.7 $10.9 $9.0 
Furadan ® product exit11.9 — 11.9 — 
Other items, net4.4 5.6 5.1 9.5 
Other charges (income), net$23.7 $11.3 $27.9 $18.5 
Environmental charges, net
Environmental charges represent the net charges associated with environmental remediation at continuing operating sites. See Note 11 for additional details. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.
Furadan ® product exit
During the three months ended June 30, 2025, we recorded a charge of $11.9 million due to changes in our estimate for Furadan® disposal costs at our Middleport site.
v3.25.2
Debt
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt Debt
Debt maturing within one year:
(in Millions)June 30, 2025December 31, 2024
Short-term foreign debt (1)
$201.0 $135.7 
Commercial paper (2)
606.3 125.6 
Total short-term debt$807.3 $261.3 
Current portion of long-term debt86.0 76.1 
Total short-term debt and current portion of long-term debt (3)
$893.3 $337.4 
____________________
(1)At June 30, 2025, the average effective interest rate on the borrowings was 8.7 percent.
(2)At June 30, 2025, the average effective interest rate on the borrowings was 5.2 percent.
(3)Based on cash generated from operations, our existing liquidity facilities, which includes the revolving credit agreement with the option to increase capacity up to $2.75 billion, and our continued access to debt capital markets, we have adequate liquidity to meet any of the company's debt obligations in the near term including any current portion of long-term debt.

Long-term debt:
(in Millions)June 30, 2025  
Interest Rate PercentageMaturity
Date		June 30, 2025December 31, 2024
Pollution control and industrial revenue bonds (less unamortized discounts of $0.1and $0.1, respectively)
6.45%
2032
$49.9 $49.9 
Senior notes (less unamortized discount of $1.5 and $1.6, respectively)
3.2% - 6.4%
2026 - 2053
2,498.5 2,998.4 
Subordinated Notes8.45%2055750.0 — 
Revolving Credit Facility (1)
7.1%2028— — 
Foreign debt
12.6% - 17.1%
2025 - 2026
86.0 76.1 
Debt issuance cost(28.4)(20.4)
Total long-term debt$3,356.0 $3,104.0 
Less: debt maturing within one year86.0 76.1 
Total long-term debt, less current portion$3,270.0 $3,027.9 
____________________
(1)Letters of credit outstanding under our Revolving Credit Facility totaled $210.1 million and available funds under this facility were $1,183.6 million at June 30, 2025.
Subordinated Notes
On May 27, 2025, the Company completed the sale of $750 million aggregate principal amount of 8.45% Subordinated Notes due November 1, 2055. The Company used the net proceeds from this offering to redeem $500 million of the senior notes due May 18, 2026 and for general corporate purposes. The Company paid a make-whole premium of $3.3 million in connection with the early redemption of the senior notes, which is recorded within "Non-operating pension, postretirement and other charges (income)" on the consolidated statement of income (loss).
Covenants
Among other restrictions, the Fifth Amended and Restated Credit Agreement, dated as of June 17, 2022 (the "Revolving Credit Facility") contains financial covenants applicable to FMC and its consolidated subsidiaries related to leverage (measured as the ratio of debt to adjusted earnings) and interest coverage (measured as the ratio of adjusted earnings to interest expense). In February 2025, the Company amended its credit agreement to provide additional financial flexibility given current market challenges. As defined in the amendment, the maximum leverage ratio is increased to 5.25 through the period ending September 30, 2025 and will incrementally step down during the covenant relief period ending at 3.75 for the quarter ended December 31, 2027. The amendment also maintains the minimum interest coverage ratio at 3.00 through the quarter ended December 31, 2025. The minimum interest coverage ratio will return to 3.50 beginning with the quarter ended March 31, 2026.
Our actual leverage for the four consecutive quarters ended June 30, 2025 was 4.81, which is below the maximum leverage of 5.25. Our actual interest coverage for the four consecutive quarters ended June 30, 2025 was 3.90, which is above the minimum interest coverage of 3.00. We were in compliance with all covenants at June 30, 2025.
v3.25.2
Discontinued Operations
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
Discontinued operations include adjustments to retained assets and liabilities as well as provisions, net of recoveries, for environmental liabilities and legal reserves and expenses related to previously discontinued operations and retained liabilities. The primary liabilities retained include environmental liabilities, other postretirement benefit liabilities, self-insurance, long-term obligations related to legal proceedings and historical restructuring activities.
Our discontinued operations comprised the following:
(in Millions)Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $(0.2) and $(0.3) for the three and six months ended June 30, 2025, respectively, and $(1.4) and $(2.0) for the three and six months ended June 30, 2024, respectively
$1.6 $(1.5)$1.5 $(2.5)
Provision for environmental liabilities and expenses, net of recoveries, net of income tax benefit (expense) of $0.9 and $1.4 for the three and six months ended June 30, 2025, respectively, and $0.7 and $1.2 for the three and six months ended June 30, 2024, respectively
(3.2)(2.7)(5.2)(4.4)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $(6.6) and $(5.3) for the three and six months ended June 30, 2025, respectively, and $(0.4) and $2.2 for the three and six months ended June 30, 2024, respectively. (1)
25.0 1.4 20.1 (8.4)
Discontinued operations, net of income taxes$23.4 $(2.8)$16.4 $(15.3)
____________________
(1)We recorded a $34.5 million reduction in our required legal reserve in discontinued operations for the three and six months ended June 30, 2025 as a result of a decrease in outstanding cases. Discontinued operations for the three and six months ended June 30, 2024 includes a gain of $18.0 million recognized as the result of an insurance settlement for retained legal reserves.
v3.25.2
Environmental Obligations
 6 Months Ended
Jun. 30, 2025
Environmental Remediation Obligations [Abstract]  
Environmental Obligations Environmental Obligations
We have reserves for potential environmental obligations which we consider probable and which we can reasonably estimate. The following table is a roll forward of our total environmental reserves, continuing and discontinued:
(in Millions)Gross
Recoveries (3)
Net
Total environmental reserves at December 31, 2024$623.2 $(10.1)$613.1 
Provision (Benefit)18.3 (0.7)17.6 
(Spending) Recoveries(32.0)1.6 (30.4)
Foreign currency translation adjustments14.3 — 14.3 
Net change0.6 0.9 1.5 
Total environmental reserves at June 30, 2025$623.8 $(9.2)$614.6 
Environmental reserves, current (1)
$92.9 $(1.2)$91.7 
Environmental reserves, long-term (2)
530.9 (8.0)522.9 
Total environmental reserves at June 30, 2025$623.8 $(9.2)$614.6 
____________________
(1)These amounts are included within "Accrued and other liabilities" on the consolidated balance sheets.
(2)These amounts are included in "Environmental liabilities, continuing and discontinued" on the consolidated balance sheets.
(3)These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the consolidated balance sheets.
The estimated reasonably possible environmental loss contingencies, net of expected recoveries, exceed amounts accrued by approximately $290 million at June 30, 2025. This reasonably possible estimate is based upon information available as of the date of the filing, but the actual future losses may be higher given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of potentially responsible parties, technology and information related to individual sites. Potential environmental obligations that have not been reserved may be material to any one quarter's or year's results of operations in the future. However, we believe any such liability arising from such potential environmental obligations is not likely to have a material adverse effect on our liquidity or financial condition as it may be satisfied over many years.
The table below provides a roll forward of our environmental recoveries representing probable realization of claims against insurance carriers and other third parties. These recoveries are recorded as "Prepaid and other current assets" and "Other assets including long-term receivables, net" in the consolidated balance sheets.
(in Millions)December 31, 2024Increase (Decrease) in recoveriesCash receivedJune 30, 2025
Environmental recoveries$3.8 $0.3 $(0.4)$3.7 
Our net environmental provisions relate to costs for the continued cleanup of both continuing and discontinued manufacturing operations from previous years. The net provisions are comprised as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Environmental provisions, net - recorded to liabilities (1)
$11.7 $9.0 $17.8 $14.9 
Environmental provisions, net - recorded to assets (2)
(0.2)0.1 (0.3)(0.3)
Environmental provision, net$11.5 $9.1 $17.5 $14.6 
Continuing operations (3)
$7.4 $5.7 $10.9 $9.0 
Discontinued operations (4)
4.1 3.4 6.6 5.6 
Environmental provision, net$11.5 $9.1 $17.5 $14.6 
____________________
(1)See above roll forward of our total environmental reserves as presented on the consolidated balance sheets.
(2)See above roll forward of our total environmental recoveries as presented on the consolidated balance sheets.
(3)Recorded as a component of "Restructuring and other charges (income)" on the consolidated statements of income (loss). See Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.
(4)Recorded as a component of "Discontinued operations, net of income taxes" on the consolidated statements of income (loss).
A more complete description of our environmental contingencies and the nature of our potential obligations are included in Notes 1 and 10 to our consolidated financial statements in our 2024 Form 10-K. See Note 10 to our consolidated financial statements in our 2024 Form 10-K for a description of significant updates to material environmental sites. There have been no significant updates since the information included in our 2024 Form 10-K.
v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per common share ("EPS") is computed by dividing net income by the weighted average number of common shares outstanding during the period on a basic and diluted basis.
Our potentially dilutive securities include potential common shares related to our stock options, restricted stock and restricted stock units. Diluted earnings per share ("Diluted EPS") considers the impact of potentially dilutive securities except in periods in which there is a loss from continuing operations because the inclusion of the potential common shares would have an antidilutive effect. Diluted EPS excludes the impact of potential common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. For the three and six months ended June 30, 2025, there were 3.6 million and 3.3 million potential common shares excluded from Diluted EPS, respectively. For the three and six months ended June 30, 2024, there were 2.1 million and 2.0 million potential common shares excluded from Diluted EPS, respectively.
Our non-vested restricted stock awards contain rights to receive non-forfeitable dividends, and thus are participating securities requiring the two-class method of computing EPS. The two-class method determines EPS by dividing the sum of distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares of common stock outstanding for the period. In calculating the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the weighted average number of shares outstanding during the period.
Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:
(in Millions, Except Share and Per Share Data)Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Earnings (loss) attributable to FMC stockholders:
Continuing operations, net of income taxes$43.3 $297.9 $34.8 $307.7 
Discontinued operations, net of income taxes23.4 (2.8)16.4 (15.3)
Net income (loss) attributable to FMC stockholders$66.7 $295.1 $51.2 $292.4 
Less: Distributed and undistributed earnings allocable to restricted award holders(0.2)(0.9)0.2 (0.7)
Net income (loss) allocable to common stockholders$66.5 $294.2 $51.4 $291.7 
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations$0.34 $2.37 $0.28 $2.45 
Discontinued operations0.19 (0.02)0.13 (0.12)
Net income (loss) attributable to FMC stockholders$0.53 $2.35 $0.41 $2.33 
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations$0.34 $2.37 $0.28 $2.45 
Discontinued operations0.19 (0.02)0.13 (0.12)
Net income (loss) attributable to FMC stockholders$0.53 $2.35 $0.41 $2.33 
Shares (in thousands):
Weighted average number of shares of common stock outstanding - Basic125,161 125,009 125,123 124,976 
Weighted average additional shares assuming conversion of potential common shares407 343 394 310 
Shares – diluted basis125,568 125,352 125,517 125,286 
v3.25.2
Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Equity Equity
Accumulated other comprehensive income (loss)
Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.
(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2024$(183.9)$(17.5)$(209.2)$(410.6)
2025 Activity
Other comprehensive income (loss) before reclassifications39.6 (36.7)— 2.9 
Amounts reclassified from accumulated other comprehensive income (loss)— (1.2)5.2 4.0 
Net current period other comprehensive income (loss)$39.6 $(37.9)$5.2 $6.9 
Accumulated other comprehensive income (loss), net of tax at June 30, 2025$(144.3)$(55.4)$(204.0)$(403.7)

(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2023$(131.3)$(50.2)$(225.0)$(406.5)
2024 Activity
Other comprehensive income (loss) before reclassifications (45.0)21.1 (0.2)(24.1)
Amounts reclassified from accumulated other comprehensive income (loss)— 1.1 5.2 6.3 
Net current period other comprehensive income (loss)$(45.0)$22.2 $5.0 $(17.8)
Accumulated other comprehensive income (loss), net of tax at June 30, 2024$(176.3)$(28.0)$(220.0)$(424.3)
____________________
(1)    See Note 17 for more information.
Reclassifications of accumulated other comprehensive income (loss)
The table below provides details about the reclassifications from accumulated other comprehensive income (loss) and the affected line items in the 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 Consolidated Statements of Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Derivative instruments
Gain (loss) on foreign currency contracts$7.0 $(1.8)$3.3 $(1.0)Costs of sales and services
Gain (loss) on foreign currency contracts— 0.1 — 0.2 Selling, general and administrative expenses
Gain (loss) on interest rate contracts(0.5)(0.5)(1.0)(1.0)Interest expense, net
Total before tax$6.5 $(2.2)$2.3 $(1.8)
(2.0)0.8 (1.1)0.7 Benefit (provision) for income taxes
Amount included in net income (loss)$4.5 $(1.4)$1.2 $(1.1)
Pension and other postretirement benefits (2)
Amortization of unrecognized net actuarial and other gains (losses)(3.2)(3.1)(6.2)(6.3)Non-operating pension, postretirement and other charges (income)
Recognized (gain) loss due to curtailments, settlements, and other(0.1)(0.1)(0.2)(0.2)Non-operating pension, postretirement and other charges (income)
Total before tax$(3.3)$(3.2)$(6.4)$(6.5)
0.6 0.6 1.2 1.3 Benefit (provision) for income taxes; Discontinued operations, net of income taxes
Amount included in net income (loss)$(2.7)$(2.6)$(5.2)$(5.2)
Total reclassifications for the period$1.8 $(4.0)$(4.0)$(6.3)Amount included in net income
____________________
(1)Amounts in parentheses indicate charges to the 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 15.
Transactions with Noncontrolling Interest
During the six months ended June 30, 2025, we purchased the remaining 40 percent ownership interest in our Pakistan joint venture, for $8.6 million which increased our ownership from 60 percent to 100 percent.
Dividends and Share Repurchases
During each of the six months ended June 30, 2025 and 2024, we paid dividends of $145.5 million and $145.2 million, respectively. On July 17, 2025, we paid dividends totaling $72.8 million to our shareholders of record as of June 30, 2025. This amount is included in "Accrued and other liabilities" on the consolidated balance sheet as of June 30, 2025.
In February 2022, the Board of Directors authorized the repurchase of up to $1 billion of the Company's common stock. In connection with an amendment to the Company's credit agreement in February 2025, the Company agreed that it will not repurchase shares with the exception of share repurchases under our equity compensation plans until December 31, 2027. Therefore, there were no share repurchases under the publicly announced repurchase program during the six months ended June 30, 2025. At June 30, 2025, $825 million remained unused under our Board-authorized repurchase program. This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time. Shares may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market conditions and other factors. We also reacquire shares from time to time from employees in connection with the vesting, exercise and forfeiture of awards under our equity compensation plans. Share repurchases in excess of issuances are subject to a 1 percent excise tax imposed by the 2022 Inflation Reduction Act. This tax is included as part of the cost basis of the shares acquired.
v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
For additional detail on the Company's leases and related policies, see Note 16 to our consolidated financial statements included within our 2024 Form 10-K.
The ROU asset and lease liability balances as of June 30, 2025 and December 31, 2024 were as follows:
(in Millions)ClassificationJune 30, 2025December 31, 2024
Assets
Operating lease ROU assetsOther assets including long-term receivables, net$101.5 $110.4 
Liabilities
Operating lease current liabilitiesAccrued and other liabilities$24.6 $24.5 
Operating lease noncurrent liabilitiesOther long-term liabilities98.8 106.1 
The components of lease expense for the six months ended June 30, 2025 and 2024 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)Lease Cost Classification2025202420252024
Lease Cost
Operating lease costCosts of sales and services / Selling, general and administrative expenses$8.5 $8.5 $17.5 $17.8 
Variable lease costCosts of sales and services / Selling, general and administrative expenses2.9 3.0 6.3 5.8 
Total lease cost$11.4 $11.5 $23.8 $23.6 

June 30, 2025
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)6.1
Weighted-average discount rate4.9 %
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(9.6)$(8.2)$(19.7)$(23.5)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities$6.0 $2.8 $18.2 $19.4 
The following table represents our future minimum operating lease payments as of, and subsequent to, June 30, 2025 under ASC 842:
(in Millions) Operating Leases Total
Maturity of Lease Liabilities
2025 (excluding the six months ending June 30, 2025)$15.2 
202628.0 
202724.1 
202819.9 
202917.5 
Thereafter38.5 
Total undiscounted lease payments$143.2 
Less: Present value adjustment(19.8)
Present value of lease liabilities$123.4 
v3.25.2
Pensions and Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Pensions and Other Postretirement Benefits Pensions and Other Postretirement Benefits
The following table summarizes the components of net annual benefit cost (income):
(in Millions)Three Months Ended June 30,Six Months Ended June 30,
PensionsOther BenefitsPensionsOther Benefits
20252024202520242025202420252024
Service cost$0.3 $0.7 $— $— $0.7 $1.5 $— $— 
Interest cost11.9 11.9 0.1 0.1 23.9 23.9 0.2 0.2 
Expected return on plan assets(11.9)(11.2)— — (24.1)(22.4)— — 
Amortization of net actuarial and other (gain) loss3.4 3.5 (0.2)(0.2)6.9 7.0 (0.5)(0.4)
Recognized (gain) loss due to curtailments, settlements, and other0.1 0.1 — — 0.2 0.2 — — 
Net periodic benefit cost (income)$3.8 $5.0 $(0.1)$(0.1)$7.6 $10.2 $(0.3)$(0.2)
v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our effective income tax rates from continuing operations for the three and six months ended June 30, 2025 were 24.5 percent and 43.8 percent, respectively. Our effective income tax rates from continuing operations for the three and six months ended June 30, 2024 were 5,518.2 percent and negative 12,196.0 percent respectively. The change in the effective tax rate for the three and six months ended June 30, 2025 was primarily driven by approximately $300 million of net tax benefit recorded during the second quarter of 2024 in connection with our establishment of a global technology and innovation center in Switzerland as well as foreign currency and the global mix of earnings. Refer to Note 11 to the consolidated financial statements included within our 2024 Form 10-K for more information of the prior year benefit.
We determine our interim tax provision using an Estimated Annual Effective Tax Rate methodology ("EAETR") in accordance with U.S. GAAP. The EAETR is applied to the year-to-date ordinary income, exclusive of discrete items. The tax effects of discrete items are then included to arrive at the total reported interim tax provision. The determination of the EAETR is based upon a number of estimates, including the estimated annual pretax ordinary income in each tax jurisdiction in which we operate. As our projections of ordinary income change throughout the year, the EAETR will change period-to-period. A significant amount of our earnings is generated by our foreign subsidiaries, which tax earnings at lower statutory rates than the United States federal statutory rate. Our future effective tax rates may be materially impacted by a future change in the composition of earnings from foreign and domestic tax jurisdictions. The tax effects of discrete items are recognized in the tax provision in the period they occur in accordance with U.S. GAAP. Depending on various factors, such as the item’s significance in relation to total income and the rate of tax applicable in the jurisdiction to which it relates, discrete items in any quarter can materially impact the reported effective tax rate. As a global enterprise, our tax expense can be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, as well as other factors. As a result, there can be significant volatility in interim tax provisions.
On December 20, 2021, the Organization for Economic Co-operation and Development (the "OECD") released Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large corporations at a minimum rate of 15% implemented via a top-up tax. The impacts of Pillar Two legislation were not material to the three and six months ended June 30, 2025. We will continue to evaluate the impact of the Pillar Two Framework as legislative changes are enacted and additional guidance becomes available.
In January of 2025, the OECD issued administrative guidance that will limit the economic benefit of certain non-refundable tax credits ("Swiss credits"), which were granted to our Swiss subsidiaries in 2023. We may pay more top-up tax in the future as a result of the January 2025 guidance. Because we apply an accounting policy to exclude the effects of Pillar Two top-up taxes from our analysis of the realizability of certain deferred tax assets, our valuation allowance on the deferred tax asset for the Swiss credits will not be impacted by the January 2025 guidance.
Subsequent Event
On July 4, 2025, the One Big Beautiful Bill Act (“the Act”) was enacted into law in the United States ("U.S."). The Act includes multiple changes to U.S. tax legislation with various effective dates beginning in 2025. These changes include provisions related to the limitation of business interest expense, the international tax framework, and other elements of U.S. tax law. We are evaluating the income tax implications of the Act to our consolidated financial statements.
v3.25.2
Financial Instruments, Risk Management and Fair Value Measurements
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Financial Instruments, Risk Management and Fair Value Measurements Financial Instruments, Risk Management and Fair Value Measurements
Our financial instruments include cash and cash equivalents, trade receivables, other current assets, certain receivables classified as other long-term assets, accounts payable, and amounts included in investments and accruals meeting the definition of financial instruments. The carrying value of these financial instruments approximates their fair value. Our other financial instruments include the following:
Financial InstrumentValuation Method
Foreign exchange forward contractsEstimated amounts that would be received or paid to terminate the contracts at the reporting date based on current market prices for applicable currencies.
Commodity forward contractsEstimated amounts that would be received or paid to terminate the contracts at the reporting date based on quoted market prices for applicable commodities.
DebtOur estimates and information obtained from independent third parties using market data, such as bid/ask spreads for the last business day of the reporting period.
The estimated fair value of the financial instruments in the above table have been determined using standard pricing models which take into account the present value of expected future cash flows discounted to the balance sheet date. These standard pricing models utilize inputs derived from or corroborated by observable market data such as interest rate yield curves and currency and commodity spot and forward rates. In addition, we test a subset of our valuations against valuations received from the transaction's counterparty to validate the accuracy of our standard pricing models. Accordingly, the estimates presented may not be indicative of the amounts that we would realize in a market exchange at settlement date and do not represent potential gains or losses on these agreements. The estimated fair values of foreign exchange forward contracts and commodity forward contracts are included in the tables within this Note. The estimated fair value of debt is $4,117.4 million and $3,223.6 million and the carrying amount is $4,163.3 million and $3,365.3 million as of June 30, 2025 and December 31, 2024, respectively.
We enter into various financial instruments with off-balance sheet risk as part of the normal course of business. These off-balance sheet instruments include financial guarantees and contractual commitments to extend financial guarantees under letters of credit, and other assistance to customers. See Note 18 for more information. Decisions to extend financial guarantees to customers and the amount of collateral required under these guarantees are based on our evaluation of creditworthiness on a case-by-case basis.
Use of Derivative Financial Instruments to Manage Risk
We mitigate certain financial exposures, including currency risk, commodity purchase exposures and interest rate risk, through a program of risk management that includes the use of derivative financial instruments. We enter into derivative contracts, including forward contracts and purchased options, to reduce the effects of fluctuating currency exchange rates, interest rates, and commodity prices. A detailed description of these risks including a discussion on the concentration of credit risk is provided in Note 18 to our consolidated financial statements on our 2024 Form 10-K.
We formally document all relationships between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes relating derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. We also assess, both at the inception of the hedge and on an ongoing basis, whether each derivative is highly effective in offsetting changes in fair values or cash flows of the hedged item. If we determine that a derivative is not highly effective as a hedge, or if a derivative ceases to be a highly effective hedge, we discontinue hedge accounting with respect to that derivative prospectively.
Accounting for Derivative Instruments and Hedging Activities
Cash Flow Hedges
We recognize all derivatives on the balance sheet at fair value. On the date the derivative instrument is entered into, we generally designate the derivative as a hedge of the variability of cash flows to be received or paid related to a forecasted transaction (cash flow hedge). We record in accumulated other comprehensive income ("AOCI") changes in the fair value of derivatives that are designated as and meet all the required criteria for a cash flow hedge. We then reclassify these amounts into earnings as the underlying hedged item affects earnings. In contrast, we immediately record in earnings changes in the fair value of derivatives that are not designated as cash flow hedges.

As of June 30, 2025, we had open foreign currency forward contracts in AOCI in a net after tax loss position of $25.4 million designated as cash flow hedges of underlying forecasted sales and purchases. Current open contracts hedge forecasted transactions until December 31, 2026. At June 30, 2025, we had open forward contracts designated as cash flow hedges with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $799.8 million.
At June 30, 2025, we had no outstanding interest rate swap contracts.
In prior periods, we settled on various interest rate swap agreements related to several debt issuances and recorded gains (losses) in other comprehensive income, which are being amortized over the various terms of those debt instruments. As of June 30, 2025, there was a remaining net after-tax loss of $25.3 million in AOCI related to these settlements.
As of June 30, 2025, we had no open commodity contracts in AOCI designated as cash flow hedges of underlying forecasted purchases. At June 30, 2025, we had no mmBTUs (millions of British Thermal Units) in aggregate notional volume of outstanding natural gas commodity forward contracts to hedge forecasted purchases.
Approximately $25.3 million of the net losses after-tax, representing open foreign currency exchange will be realized in earnings during the twelve months ending June 30, 2026 if spot rates in the future are consistent with forward rates as of June 30, 2025. The actual effect on earnings will be dependent on the actual spot rates when the forecasted transactions occur.
Derivatives Not Designated as Hedging Instruments
We hold certain forward contracts that have not been designated as cash flow hedging instruments for accounting purposes. Contracts used to hedge the exposure to foreign currency fluctuations associated with certain monetary assets and liabilities are not designated as cash flow hedging instruments, and changes in the fair value of these items are recorded in earnings.
We had open forward contracts not designated as cash flow hedging instruments for accounting purposes with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $3,617.7 million at June 30, 2025.
Fair Value of Derivative Instruments
The following tables provide the gross fair value and net balance sheet presentation of our derivative instruments.
June 30, 2025
Gross Amount of Derivatives
(in Millions)Designated as Cash Flow HedgesNot Designated as Hedging InstrumentsTotal Gross AmountsGross Amounts Subject to Master Netting ArrangementsNet Amounts
Foreign exchange contracts$1.0 $2.7 $3.7 $(3.7)$— 
Total derivative assets (1)
$1.0 $2.7 $3.7 $(3.7)$— 
Foreign exchange contracts$(36.9)$(16.1)$(53.0)$3.7 $(49.3)
Total derivative liabilities (2)
$(36.9)$(16.1)$(53.0)$3.7 $(49.3)
Net derivative assets (liabilities)$(35.9)$(13.4)$(49.3)$— $(49.3)
December 31, 2024
Gross Amount of Derivatives
(in Millions)Designated as Cash Flow HedgesNot Designated as Hedging InstrumentsTotal Gross AmountsGross Amounts Subject to Master Netting ArrangementsNet Amounts
Foreign exchange contracts$25.0 $22.0 $47.0 $(12.9)$34.1 
Total derivative assets (1)
$25.0 $22.0 $47.0 $(12.9)$34.1 
Foreign exchange contracts$(8.3)$(4.6)$(12.9)$12.9 $— 
Total derivative liabilities (2)
$(8.3)$(4.6)$(12.9)$12.9 $— 
Net derivative assets (liabilities)$16.7 $17.4 $34.1 $— $34.1 
______________
(1)    Balance is included in "Prepaid and other current assets" in the consolidated balance sheets.
(2)    Balance is included in "Accrued and other liabilities" in the consolidated balance sheets.
The tables below summarize the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments.
Derivatives in Cash Flow Hedging Relationships
Contracts
Foreign ExchangeInterest rateTotal
Three Months Ended June 30,
(in Millions)202520242025202420252024
Unrealized hedging gains (losses) and other, net of tax$(20.0)$17.4 $— $— $(20.0)$17.4 
Reclassification of deferred hedging (gains) losses, net of tax (1)
(4.9)1.0 0.4 0.4 (4.5)1.4 
Total derivative instrument impact on comprehensive income, net of tax$(24.9)$18.4 $0.4 $0.4 $(24.5)$18.8 
Contracts
Foreign ExchangeInterest rateTotal
Six Months Ended June 30,
(in Millions)202520242025202420252024
Unrealized hedging gains (losses) and other, net of tax$(36.7)$21.1 $— $— $(36.7)$21.1 
Reclassification of deferred hedging (gains) losses, net of tax (1)
(1.9)0.3 0.7 0.8 (1.2)1.1 
Total derivative instrument impact on comprehensive income, net of tax$(38.6)$21.4 $0.7 $0.8 $(37.9)$22.2 
______________
(1)See Note 13 for classification of amounts within the consolidated statements of income (loss).
Derivatives Not Designated as Hedging Instruments
Amount of Pre-tax Gain (Loss) 
Recognized in Income on Derivatives (1)
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Foreign exchange contracts$(15.4)$3.1 $(15.5)$(13.0)
Total$(15.4)$3.1 $(15.5)$(13.0)
______________
(1)Amounts in the columns represent the gain or loss on the derivative instrument offset by the gain or loss on the hedged item. These amounts are included in "Costs of sales and services" and to a lesser extent "Selling, general, and administrative expenses" on the consolidated statements of income (loss).
Fair Value Measurements
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Market participants are defined as buyers or sellers in the principle or most advantageous market for the asset or liability that are independent of the reporting entity, knowledgeable and able and willing to transact for the asset or liability.
Fair Value Hierarchy
We have categorized our assets and liabilities that are recorded at fair value, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the assets and liabilities fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
Recurring Fair Value Measurements
The following tables present our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets. During the periods presented there were no transfers between fair value hierarchy levels.
(in Millions)June 30, 2025Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets
Derivatives – Foreign exchange (1)
$— $— $— $— 
Other (2) (3) (4)
89.5 51.3 — 38.2 
Total assets$89.5 $51.3 $— $38.2 
Liabilities
Derivatives – Foreign exchange (1)
$49.3 $— $49.3 $— 
Other (2)
21.8 21.8 — — 
Total liabilities$71.1 $21.8 $49.3 $— 
(in Millions)December 31, 2024Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets
Derivatives – Foreign exchange (1)
$34.1 $— $34.1 $— 
Other (2) (3) (4)
120.1 84.1 — 36.0 
Total assets$154.2 $84.1 $34.1 $36.0 
Liabilities
Derivatives – Foreign exchange (1)
$— $— $— $— 
Other (2)
23.2 23.2 — — 
Total liabilities$23.2 $23.2 $— $— 
____________________
(1)See the Fair Value of Derivative Instruments table within this Note for classification on the consolidated balance sheets.
(2)Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheets. Both the asset and liability are recorded at fair value. Asset amounts are included in "Other assets including long-term receivables, net" in the consolidated balance sheets. Liability amounts are included in "Other long-term liabilities" in the consolidated balance sheets.
(3)FMC maintains a beneficial interest in a trade receivables securitization fund. The fair value of the beneficial interest is determined by calculating the expected amount of cash to be received on the fund’s outstanding credit notes. As part of this evaluation, we rely on unobservable inputs, including estimating the anticipated credit losses. We consider historical information, current conditions and other reasonable factors as part of this assessment. The amount is included in "Other assets including long-term receivables, net" in the consolidated balance sheets.
(4)Includes money market funds, which consist of highly liquid investments valued at quoted market prices, recognized as "Cash and cash equivalents" on our consolidated balance sheets.
Nonrecurring Fair Value Measurements
There were no nonrecurring fair value measurements in the consolidated balance sheets during the periods presented.
v3.25.2
Guarantees, Commitments, and Contingencies
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Guarantees, Commitments, and Contingencies Guarantees, Commitments, and Contingencies
We continue to monitor the conditions that are subject to guarantees and indemnifications to identify whether a liability must be recognized in our financial statements.
Guarantees and Other Commitments
The following table provides the estimated undiscounted amount of potential future payments for each major group of guarantees at June 30, 2025. These guarantees arise during the ordinary course of business from relationships with customers and non-consolidated affiliates. Non-performance by the guaranteed party triggers the obligation requiring us to make payments to the beneficiary of the guarantee. Based on our experience, these types of guarantees have not had a material effect on our consolidated financial position or on our liquidity. Our expectation is that future payment or performance related to the non-performance of others is considered unlikely.
(in Millions)
Guarantees:
Guarantees of vendor financing - short-term (1)
$61.5 
Other debt guarantees (2)
63.8 
Total$125.3 
____________________
(1)Represents guarantees to financial institutions on behalf of certain customers for their seasonal borrowing. This short-term amount is recorded within "Guarantees of vendor financing" on the consolidated balance sheets.
(2)These guarantees represent the outstanding commitment provided to third-party banks for credit extended to various direct and indirect customers. The liability for the guarantees is recorded at an amount that approximates fair value (i.e. representing the stand-ready obligation) based on our historical collection experience and a current assessment of credit exposure. Historically, the fair value of these guarantees has been and continues to be in the current reporting period, immaterial and the majority of these guarantees have had an expiration date of less than one year.
Excluded from the chart above are parent-company guarantees we provide to lending institutions that extend credit to our foreign subsidiaries. Since these guarantees are provided for consolidated subsidiaries, the consolidated financial position is not affected by the issuance of these guarantees. Also excluded from the chart, in connection with our property and asset sales and divestitures, we have agreed to indemnify the buyer for certain liabilities, including environmental contamination and taxes that occurred prior to the date of sale or provided guarantees to third parties relating to certain contracts assumed by the buyer. Our indemnification or guarantee obligations with respect to certain liabilities may be indefinite as to duration and may or may not be subject to a deductible, minimum claim amount or cap. As such, it is not possible for us to predict the likelihood that a claim will be made or to make a reasonable estimate of the maximum potential loss or range of loss. Therefore, we have not recorded any specific liabilities for these guarantees. If triggered, we may be able to recover some of the indemnity payments from third parties. For certain obligations related to our divestitures for which we can make a reasonable estimate of the maximum potential loss or range of loss and is probable, a liability in those instances has been recorded.
Supplier Financing Obligations
We work with suppliers to optimize payment terms and conditions on accounts payable to improve working capital and cash flows. We offer to a select group of suppliers a voluntary Supply Chain Finance (“SCF”) program with a global financial institution. The suppliers, at their sole discretion, may sell their receivables to the financial institution based on terms negotiated between them. Our obligations to our suppliers are not impacted by our suppliers’ decisions to sell under these arrangements. Obligations outstanding under this program are recorded within "Accounts payable, trade and other" in our consolidated balance sheets and the associated payments are included in operating activities within our consolidated statements of cash flows.
Our payment terms with our suppliers are consistent, regardless of whether a supplier participates in the program. We deem these terms to be commercially reasonable and consistent with the range of industry standards within their respective regions. Under the terms of the agreement, we do not pledge assets as security or make any other forms of guarantees.
FMC's outstanding obligations confirmed as valid under the SCF were $200.5 million and $227.4 million as of June 30, 2025 and December 31, 2024, respectively.
Contingencies
A detailed discussion related to our outstanding contingencies can be found in Note 19 to our consolidated financial statements included within our 2024 Form 10-K. There have been no significant updates since the information included in our 2024 Form 10-K.
Derivative Litigation On January 23, 2025, and June 2, 2025, purported FMC shareholders filed derivative actions on behalf of FMC in the E.D.P.A., both alleging, among other things, that certain current and former FMC officers and directors breached their fiduciary duties to FMC, and engaged in other purported misconduct, based on the same purported misstatements and omissions alleged in the Consolidated Securities Class Action disclosed in Note 19 to the consolidated financial statements of our 2024 Form 10-K (the "Consolidated Securities Class Action"). These cases have been consolidated with the caption In re FMC Corporation Derivative Litigation, 2:25-cv-00404-KNS (E.D.P.A.), and have been stayed pending the result of the defendants’ pending motion to dismiss in the Consolidated Securities Class Action.
On May 29, 2025, and June 16, 2025, purported FMC shareholders filed derivative actions on behalf of FMC in the E.D.P.A., both alleging, among other things, that certain current and former FMC officers and directors breached their fiduciary duties to FMC, and engaged in other purported misconduct, based on the same purported misstatements and omissions alleged in the Mohammed and Macomb County Actions disclosed in Note 19 to the consolidated financial statements of our 2024 Form 10-K (the "Mohammed and Macomb County Actions"). These cases have been consolidated with the caption In re FMC Corporation Stockholder Derivative Litigation, 2:25-cv-03077-GAW (E.D.P.A.), and it is expected that the consolidated case will be stayed pending the result of defendants’ anticipated motion to dismiss in the Mohammed and Macomb County Actions.
On July 9, 2025, a purported FMC shareholder filed a derivative action on behalf of FMC in the E.D.P.A. captioned Beard v. Douglas, et al., 2:25-cv-03512-KNS (E.D.P.A.). The derivative complaint alleges, among other things, that certain current and former FMC officers and directors breached their fiduciary duties to FMC, and engaged in other purported misconduct, based on the same purported misstatements and omissions alleged in the Consolidated Securities Class Action and the Mohammed and Macomb County Actions. This matter is at a very preliminary stage.
On July 16, 2025, a purported FMC shareholder filed a derivative action on behalf of FMC in the United States District Court for the District of Delaware (“D. Del.”) captioned Fallarino v. Douglas, et al., 1:25-cv-00884-CFC (D. Del.). The derivative complaint alleges, among other things, that certain current and former FMC officers and directors breached their fiduciary duties to FMC, and engaged in other purported misconduct, based on the same purported misstatements and omissions alleged in the Mohammed and Macomb County Actions. This matter is at a very preliminary stage.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Pay vs Performance Disclosure        
Net Income (Loss) $ 66.7 $ 295.1 $ 51.2 $ 292.4
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Terminated false
Jacqueline Scanlan [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
Securities Trading Plans of Directors and Officers
On May 16, 2025, Jacqueline Scanlan, Executive Vice President and Chief Human Resources Officer, (an officer of the Company as defined in Rule 16a-1(f) of the Securities and Exchange Act of 1934), terminated a trading plan adopted on August 12, 2024 (the "2024 Plan"), intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Securities Exchange Act of 1934.
On May 19, 2025, Ms. Scanlan adopted a trading plan (the “2025 Plan”) intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Securities Exchange Act of 1934. The 2025 Plan provides for the sale of up to 8,300 shares. The Plan will terminate on the earlier of (i) May 1, 2026, (ii) the execution of all trades contemplated by the Plan, or (iii) the valid exercise of termination rights under the Plan by either Ms. Scanlan or the broker of the Plan.
Jacqueline Scanlan 2024 Plan [Member] | Jacqueline Scanlan [Member]  
Trading Arrangements, by Individual  
Name Jacqueline Scanlan
Title Executive Vice President and Chief Human Resources Officer
Rule 10b5-1 Arrangement Terminated true
Termination Date May 16, 2025
Jacqueline Scanlan 2025 Plan [Member] | Jacqueline Scanlan [Member]  
Trading Arrangements, by Individual  
Name Ms. Scanlan
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 19, 2025
Arrangement Duration 347 days
Aggregate Available 8,300
v3.25.2
Financial Information and Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Basis of accounting In our opinion, the consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") applicable to interim period financial statements and reflect all adjustments necessary for a fair statement of results of operations for the three and six months ended June 30, 2025 and 2024, cash flows for the six months ended June 30, 2025 and 2024, changes in equity for the three and six months ended June 30, 2025 and 2024, and our financial positions as of June 30, 2025 and December 31, 2024. All such adjustments included herein are of a normal, recurring nature unless otherwise disclosed in the Notes.
New accounting guidance and regulatory items
New accounting guidance and regulatory items
On November 4, 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income (Topic 220): Expense Disaggregation Disclosures, to require disaggregation of certain expense captions into specified categories in disclosures within the notes of the financial statements. The standard is effective for FMC beginning with the Form 10-K for the year ended December 31, 2027, and early adoption is permitted. The guidance is required to be applied prospectively and amendments in the ASU may be applied prospectively or retrospectively. We are currently evaluating the impacts this standard will have on our disclosures.
On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Changes to the Disclosure Requirements for Income Taxes, to improve the transparency and decision usefulness of income tax disclosures. The standard requires companies to disclose a tabular effective rate reconciliation with certain reconciling items broken out by nature and/or jurisdiction as well as more robust disclosures of income taxes paid, specifically broken out between federal, state and foreign. The standard can be applied prospectively or retrospectively and early adoption is permitted. The ASU is effective for FMC beginning with the Form 10-K for the year ended December 31, 2025. We are currently evaluating the impacts this standard will have on our income tax disclosures.
Revenue
We earn revenue from the sale of a wide range of products to a diversified base of customers around the world. We develop, market and sell all three major classes of crop protection chemicals (insecticides, herbicides and fungicides) as well as biologicals, crop nutrition, and seed treatment products, which we group as plant health. These products are used in agriculture to enhance crop yield and quality by controlling a broad spectrum of insects, weeds and disease. The majority of our product lines consist of insecticides and herbicides, with a smaller portfolio of fungicides mainly used in high value crop segments. We are investing in plant health which includes our growing biological products. Our insecticides are used to control a wide spectrum of pests, while our herbicide portfolio primarily targets a large variety of difficult-to-control weeds. Products in the other category include various agricultural products such as smaller classes of pesticides, growth promoters, and other miscellaneous revenue sources.
For additional detail on revenue recognition policies and procedures, see Note 3 to our consolidated financial statements included within our 2024 Form 10-K.
Contract Asset and Contract Liability Balances
We satisfy our obligations by transferring goods and services in exchange for consideration from customers. The timing of performance sometimes differs from the timing the associated consideration is received from the customer, thus resulting in the recognition of a contract asset or contract liability. We recognize a contract liability if the customer's payment of consideration is received prior to completion of our related performance obligation.
We periodically enter into prepayment arrangements with customers and receive advance payments for product to be delivered in future periods. We recognize these prepayments as a liability under "Advance payments from customers" on the consolidated balance sheets when they are received. Revenue associated with advance payments is recognized as shipments are made and transfer of control to the customer takes place.
Cash flow hedges and derivatives not designated as hedging instruments
Use of Derivative Financial Instruments to Manage Risk
We mitigate certain financial exposures, including currency risk, commodity purchase exposures and interest rate risk, through a program of risk management that includes the use of derivative financial instruments. We enter into derivative contracts, including forward contracts and purchased options, to reduce the effects of fluctuating currency exchange rates, interest rates, and commodity prices. A detailed description of these risks including a discussion on the concentration of credit risk is provided in Note 18 to our consolidated financial statements on our 2024 Form 10-K.
We formally document all relationships between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes relating derivatives that are designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. We also assess, both at the inception of the hedge and on an ongoing basis, whether each derivative is highly effective in offsetting changes in fair values or cash flows of the hedged item. If we determine that a derivative is not highly effective as a hedge, or if a derivative ceases to be a highly effective hedge, we discontinue hedge accounting with respect to that derivative prospectively.
Accounting for Derivative Instruments and Hedging Activities
Cash Flow Hedges
We recognize all derivatives on the balance sheet at fair value. On the date the derivative instrument is entered into, we generally designate the derivative as a hedge of the variability of cash flows to be received or paid related to a forecasted transaction (cash flow hedge). We record in accumulated other comprehensive income ("AOCI") changes in the fair value of derivatives that are designated as and meet all the required criteria for a cash flow hedge. We then reclassify these amounts into earnings as the underlying hedged item affects earnings. In contrast, we immediately record in earnings changes in the fair value of derivatives that are not designated as cash flow hedges.
Fair Value Hierarchy
We have categorized our assets and liabilities that are recorded at fair value, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the assets and liabilities fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
v3.25.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table provides information about disaggregated revenue by major geographical region:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
North America$320.9 $338.8 $507.3 $597.9 
Latin America310.4 307.2 517.2 495.2 
Europe, Middle East & Africa (EMEA)260.4 201.2 533.2 508.0 
Asia158.8 191.2 284.2 355.3 
Total Revenue$1,050.5 $1,038.4 $1,841.9 $1,956.4 
The following table provides information about disaggregated revenue by major product category:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Insecticides$525.3 $569.1 $928.0 $1,070.4 
Herbicides376.0 336.6 648.2 631.5 
Fungicides80.4 74.5 133.1 144.9 
Plant Health44.9 43.5 90.1 88.3 
Other23.9 14.7 42.5 21.3 
Total Revenue$1,050.5 $1,038.4 $1,841.9 $1,956.4 
Schedule of Receivables and Contract Liabilities
The following table presents the opening and closing balances of our receivables, net of allowances and contract liabilities from contracts with customers:
(in Millions)Balance as of June 30, 2025Balance as of December 31, 2024Increase (Decrease)
Receivables from contracts with customers, net of allowances (1)
$3,137.5 $2,942.9 $194.6 
Contract liabilities: Advance Payments from customers (2)
— 453.8 (453.8)
____________________ 
(1)Amount includes $3,076.3 million of trade receivables and $61.2 million of net long-term customer receivables as of June 30, 2025. See Note 5 for more information.
(2)The amount of revenue recognized in the six months ended June 30, 2025 that was included in the opening contract liability balance is $453.8 million.
v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of goodwill are presented in the table below:
(in Millions)Total
Balance, December 31, 2024$1,507.0 
GSS divestiture allocation (See Note 1.)
(5.0)
Foreign currency adjustments
25.0 
Balance, June 30, 2025$1,527.0 
Schedule of Finite-Lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
June 30, 2025December 31, 2024
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,157.0 $(506.8)$650.2 $1,117.5 $(458.9)$658.6 
Patents1.7 (1.7)— 1.7 (1.7)— 
Brands (1)
68.2 (25.1)43.1 48.3 (19.2)29.1 
Purchased and licensed technologies137.3 (54.0)83.3 125.5 (48.2)77.3 
Other intangibles2.3 (1.8)0.5 2.3 (1.8)0.5 
$1,366.5 $(589.4)$777.1 $1,295.3 $(529.8)$765.5 
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)
$1,241.3 $1,241.3 $1,259.0 $1,259.0 
Brands (1)
370.9 370.9 325.6 325.6 
In-process research & development12.1 12.1 10.6 10.6 
$1,624.3 $1,624.3 $1,595.2 $1,595.2 
Total intangible assets$2,990.8 $(589.4)$2,401.4 $2,890.5 $(529.8)$2,360.7 
____________________ 
(1)Represents trademarks, trade names and know-how.
(2)Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.
Schedule of Indefinite-Lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
June 30, 2025December 31, 2024
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,157.0 $(506.8)$650.2 $1,117.5 $(458.9)$658.6 
Patents1.7 (1.7)— 1.7 (1.7)— 
Brands (1)
68.2 (25.1)43.1 48.3 (19.2)29.1 
Purchased and licensed technologies137.3 (54.0)83.3 125.5 (48.2)77.3 
Other intangibles2.3 (1.8)0.5 2.3 (1.8)0.5 
$1,366.5 $(589.4)$777.1 $1,295.3 $(529.8)$765.5 
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)
$1,241.3 $1,241.3 $1,259.0 $1,259.0 
Brands (1)
370.9 370.9 325.6 325.6 
In-process research & development12.1 12.1 10.6 10.6 
$1,624.3 $1,624.3 $1,595.2 $1,595.2 
Total intangible assets$2,990.8 $(589.4)$2,401.4 $2,890.5 $(529.8)$2,360.7 
____________________ 
(1)Represents trademarks, trade names and know-how.
(2)Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.
Schedule of Finite-Lived Intangible Assets Amortization Expense
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Amortization expense$18.2 $16.4 $36.4 $32.8 
v3.25.2
Receivables (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Allowance for Doubtful Trade Receivables
The following table displays a roll forward of the allowance for doubtful trade receivables.
(in Millions)
Balance, December 31, 2023$29.1 
Additions - charged to expense
12.2 
Transfer from (to) allowance for credit losses (see below)(3.6)
Net recoveries, write-offs and other
1.7 
Balance, December 31, 2024$39.4 
Additions - charged to expense
3.1 
Transfer from (to) allowance for credit losses (see below)0.1 
Net recoveries, write-offs and other0.2 
Balance, June 30, 2025$42.8 
Schedule of Allowance for Credit Losses Rollforward
The following table displays a roll forward of the allowance for credit losses related to long-term customer receivables:
(in Millions)
Balance, December 31, 2023$27.1 
Additions - charged (credited) to expense
(1.8)
Transfer from (to) allowance for doubtful accounts (see above)3.6 
Foreign currency adjustments(3.4)
Net recoveries, write-offs and other(4.2)
Balance, December 31, 2024$21.3 
Additions - charged (credited) to expense
0.8 
Transfer from (to) allowance for doubtful accounts (see above)(0.1)
Foreign currency adjustments1.0 
Net recoveries, write-offs and other— 
Balance, June 30, 2025$23.0 
v3.25.2
Inventories (Tables)
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consisted of the following:
 (in Millions)June 30, 2025December 31, 2024
Finished goods$481.8 $433.5 
Work in process685.0 548.6 
Raw materials, supplies and other228.9 219.5 
Net inventories$1,395.7 $1,201.6 
v3.25.2
Property, Plant and Equipment (Tables)
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment consisted of the following:
(in Millions)June 30, 2025December 31, 2024
Property, plant and equipment$1,682.9 $1,597.9 
Accumulated depreciation(792.2)(748.2)
Property, plant and equipment, net$890.7 $849.7 
v3.25.2
Restructuring and Other Charges (Income) (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of 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)2025202420252024
Restructuring charges$13.0 $83.8 $26.6 $117.5 
Other charges (income), net23.7 11.3 27.9 18.5 
Total restructuring and other charges (income)$36.7 $95.1 $54.5 $136.0 
Schedule of Restructuring Charges and Asset Disposals
Restructuring Charges
(in Millions)
Severance and Employee Benefits
Other Charges (Income) (1)
Asset Disposal Charges (Income) (2)
Total
Project Focus$5.4 $4.9 $2.5 $12.8 
Other items— 0.2 — 0.2 
Three Months Ended June 30, 2025$5.4 $5.1 $2.5 $13.0 
Project Focus18.6 6.5 59.2 84.3 
Other items— (0.5)— (0.5)
Three Months Ended June 30, 2024$18.6 $6.0 $59.2 $83.8 
Project Focus$9.6 $11.5 $5.6 $26.7 
Other items(0.4)0.3 — (0.1)
Six Months Ended June 30, 2025$9.2 $11.8 $5.6 $26.6 
Project Focus$37.5 $18.7 $61.5 $117.7 
Other items— (0.2)— (0.2)
Six Months Ended June 30, 2024$37.5 $18.5 $61.5 $117.5 
____________________ 
(1)Primarily represents other charges associated with restructuring activities, including third-party costs. Other income, if applicable, primarily represents favorable developments on previously recorded exit costs and recoveries associated with restructuring.
(2)Primarily represents asset write-offs (recoveries) and 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.
Schedule of Restructuring Reserve Rollforward
The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude accelerated depreciation on fixed assets, asset impairment charges and asset retirement obligations.
(in Millions)
Balance at
December 31, 2024 (6)
Change in
reserves (4)
Cash
payments
Balance at
June 30, 2025 (5)
Project Focus (1)
$146.9 $21.0 $(70.6)$97.3 
DuPont Crop restructuring (2)
3.0 — 0.2 3.2 
Other workforce related and facility shutdowns (3)
1.2 — (0.5)0.7 
Total$151.1 $21.0 $(70.9)$101.2 
____________________ 
(1)Relates to the global restructuring plan initiated in 2023. The reserve consists primarily of contract abandonment charges recorded during 2024 resulting from the reorganization of our supply chain footprint.
(2)Represents remaining cash spending on facility separation costs associated with DuPont Crop restructuring activities.
(3)Includes exit costs related to workforce reductions and facility shutdowns on previously implemented restructuring initiatives.
(4)Primarily consists of severance and employee separation costs and third-party provider fees.
(5)Included in "Accrued and other liabilities" and "Other long-term liabilities" on the consolidated balance sheets.
Schedule of Other Charges (Income), Net
Other charges (income), net
 Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Environmental charges, net$7.4 $5.7 $10.9 $9.0 
Furadan ® product exit11.9 — 11.9 — 
Other items, net4.4 5.6 5.1 9.5 
Other charges (income), net$23.7 $11.3 $27.9 $18.5 
v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Maturing Within One Year
Debt maturing within one year:
(in Millions)June 30, 2025December 31, 2024
Short-term foreign debt (1)
$201.0 $135.7 
Commercial paper (2)
606.3 125.6 
Total short-term debt$807.3 $261.3 
Current portion of long-term debt86.0 76.1 
Total short-term debt and current portion of long-term debt (3)
$893.3 $337.4 
____________________
(1)At June 30, 2025, the average effective interest rate on the borrowings was 8.7 percent.
(2)At June 30, 2025, the average effective interest rate on the borrowings was 5.2 percent.
(3)Based on cash generated from operations, our existing liquidity facilities, which includes the revolving credit agreement with the option to increase capacity up to $2.75 billion, and our continued access to debt capital markets, we have adequate liquidity to meet any of the company's debt obligations in the near term including any current portion of long-term debt.
Schedule of Long-Term Debt
Long-term debt:
(in Millions)June 30, 2025  
Interest Rate PercentageMaturity
Date		June 30, 2025December 31, 2024
Pollution control and industrial revenue bonds (less unamortized discounts of $0.1and $0.1, respectively)
6.45%
2032
$49.9 $49.9 
Senior notes (less unamortized discount of $1.5 and $1.6, respectively)
3.2% - 6.4%
2026 - 2053
2,498.5 2,998.4 
Subordinated Notes8.45%2055750.0 — 
Revolving Credit Facility (1)
7.1%2028— — 
Foreign debt
12.6% - 17.1%
2025 - 2026
86.0 76.1 
Debt issuance cost(28.4)(20.4)
Total long-term debt$3,356.0 $3,104.0 
Less: debt maturing within one year86.0 76.1 
Total long-term debt, less current portion$3,270.0 $3,027.9 
____________________
(1)Letters of credit outstanding under our Revolving Credit Facility totaled $210.1 million and available funds under this facility were $1,183.6 million at June 30, 2025.
v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
Our discontinued operations comprised the following:
(in Millions)Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $(0.2) and $(0.3) for the three and six months ended June 30, 2025, respectively, and $(1.4) and $(2.0) for the three and six months ended June 30, 2024, respectively
$1.6 $(1.5)$1.5 $(2.5)
Provision for environmental liabilities and expenses, net of recoveries, net of income tax benefit (expense) of $0.9 and $1.4 for the three and six months ended June 30, 2025, respectively, and $0.7 and $1.2 for the three and six months ended June 30, 2024, respectively
(3.2)(2.7)(5.2)(4.4)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $(6.6) and $(5.3) for the three and six months ended June 30, 2025, respectively, and $(0.4) and $2.2 for the three and six months ended June 30, 2024, respectively. (1)
25.0 1.4 20.1 (8.4)
Discontinued operations, net of income taxes$23.4 $(2.8)$16.4 $(15.3)
____________________
(1)We recorded a $34.5 million reduction in our required legal reserve in discontinued operations for the three and six months ended June 30, 2025 as a result of a decrease in outstanding cases. Discontinued operations for the three and six months ended June 30, 2024 includes a gain of $18.0 million recognized as the result of an insurance settlement for retained legal reserves.
v3.25.2
Environmental Obligations (Tables)
 6 Months Ended
Jun. 30, 2025
Environmental Remediation Obligations [Abstract]  
Schedule of Environmental Reserves Rollforward, Continuing and Discontinued The following table is a roll forward of our total environmental reserves, continuing and discontinued:
(in Millions)Gross
Recoveries (3)
Net
Total environmental reserves at December 31, 2024$623.2 $(10.1)$613.1 
Provision (Benefit)18.3 (0.7)17.6 
(Spending) Recoveries(32.0)1.6 (30.4)
Foreign currency translation adjustments14.3 — 14.3 
Net change0.6 0.9 1.5 
Total environmental reserves at June 30, 2025$623.8 $(9.2)$614.6 
Environmental reserves, current (1)
$92.9 $(1.2)$91.7 
Environmental reserves, long-term (2)
530.9 (8.0)522.9 
Total environmental reserves at June 30, 2025$623.8 $(9.2)$614.6 
____________________
(1)These amounts are included within "Accrued and other liabilities" on the consolidated balance sheets.
(2)These amounts are included in "Environmental liabilities, continuing and discontinued" on the consolidated balance sheets.
(3)These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the consolidated balance sheets.
Schedule of Environmental Recoveries
The table below provides a roll forward of our environmental recoveries representing probable realization of claims against insurance carriers and other third parties. These recoveries are recorded as "Prepaid and other current assets" and "Other assets including long-term receivables, net" in the consolidated balance sheets.
(in Millions)December 31, 2024Increase (Decrease) in recoveriesCash receivedJune 30, 2025
Environmental recoveries$3.8 $0.3 $(0.4)$3.7 
Schedule of Net Environmental Provision by Operating and Discontinued sites The net provisions are comprised as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Environmental provisions, net - recorded to liabilities (1)
$11.7 $9.0 $17.8 $14.9 
Environmental provisions, net - recorded to assets (2)
(0.2)0.1 (0.3)(0.3)
Environmental provision, net$11.5 $9.1 $17.5 $14.6 
Continuing operations (3)
$7.4 $5.7 $10.9 $9.0 
Discontinued operations (4)
4.1 3.4 6.6 5.6 
Environmental provision, net$11.5 $9.1 $17.5 $14.6 
____________________
(1)See above roll forward of our total environmental reserves as presented on the consolidated balance sheets.
(2)See above roll forward of our total environmental recoveries as presented on the consolidated balance sheets.
(3)Recorded as a component of "Restructuring and other charges (income)" on the consolidated statements of income (loss). See Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.
(4)Recorded as a component of "Discontinued operations, net of income taxes" on the consolidated statements of income (loss).
v3.25.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:
(in Millions, Except Share and Per Share Data)Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Earnings (loss) attributable to FMC stockholders:
Continuing operations, net of income taxes$43.3 $297.9 $34.8 $307.7 
Discontinued operations, net of income taxes23.4 (2.8)16.4 (15.3)
Net income (loss) attributable to FMC stockholders$66.7 $295.1 $51.2 $292.4 
Less: Distributed and undistributed earnings allocable to restricted award holders(0.2)(0.9)0.2 (0.7)
Net income (loss) allocable to common stockholders$66.5 $294.2 $51.4 $291.7 
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations$0.34 $2.37 $0.28 $2.45 
Discontinued operations0.19 (0.02)0.13 (0.12)
Net income (loss) attributable to FMC stockholders$0.53 $2.35 $0.41 $2.33 
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations$0.34 $2.37 $0.28 $2.45 
Discontinued operations0.19 (0.02)0.13 (0.12)
Net income (loss) attributable to FMC stockholders$0.53 $2.35 $0.41 $2.33 
Shares (in thousands):
Weighted average number of shares of common stock outstanding - Basic125,161 125,009 125,123 124,976 
Weighted average additional shares assuming conversion of potential common shares407 343 394 310 
Shares – diluted basis125,568 125,352 125,517 125,286 
v3.25.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.
(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2024$(183.9)$(17.5)$(209.2)$(410.6)
2025 Activity
Other comprehensive income (loss) before reclassifications39.6 (36.7)— 2.9 
Amounts reclassified from accumulated other comprehensive income (loss)— (1.2)5.2 4.0 
Net current period other comprehensive income (loss)$39.6 $(37.9)$5.2 $6.9 
Accumulated other comprehensive income (loss), net of tax at June 30, 2025$(144.3)$(55.4)$(204.0)$(403.7)

(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2023$(131.3)$(50.2)$(225.0)$(406.5)
2024 Activity
Other comprehensive income (loss) before reclassifications (45.0)21.1 (0.2)(24.1)
Amounts reclassified from accumulated other comprehensive income (loss)— 1.1 5.2 6.3 
Net current period other comprehensive income (loss)$(45.0)$22.2 $5.0 $(17.8)
Accumulated other comprehensive income (loss), net of tax at June 30, 2024$(176.3)$(28.0)$(220.0)$(424.3)
____________________
(1)    See Note 17 for more information.
Schedule of 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 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 Consolidated Statements of Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Derivative instruments
Gain (loss) on foreign currency contracts$7.0 $(1.8)$3.3 $(1.0)Costs of sales and services
Gain (loss) on foreign currency contracts— 0.1 — 0.2 Selling, general and administrative expenses
Gain (loss) on interest rate contracts(0.5)(0.5)(1.0)(1.0)Interest expense, net
Total before tax$6.5 $(2.2)$2.3 $(1.8)
(2.0)0.8 (1.1)0.7 Benefit (provision) for income taxes
Amount included in net income (loss)$4.5 $(1.4)$1.2 $(1.1)
Pension and other postretirement benefits (2)
Amortization of unrecognized net actuarial and other gains (losses)(3.2)(3.1)(6.2)(6.3)Non-operating pension, postretirement and other charges (income)
Recognized (gain) loss due to curtailments, settlements, and other(0.1)(0.1)(0.2)(0.2)Non-operating pension, postretirement and other charges (income)
Total before tax$(3.3)$(3.2)$(6.4)$(6.5)
0.6 0.6 1.2 1.3 Benefit (provision) for income taxes; Discontinued operations, net of income taxes
Amount included in net income (loss)$(2.7)$(2.6)$(5.2)$(5.2)
Total reclassifications for the period$1.8 $(4.0)$(4.0)$(6.3)Amount included in net income
____________________
(1)Amounts in parentheses indicate charges to the 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 15.
v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Asset and Lease Liability
The ROU asset and lease liability balances as of June 30, 2025 and December 31, 2024 were as follows:
(in Millions)ClassificationJune 30, 2025December 31, 2024
Assets
Operating lease ROU assetsOther assets including long-term receivables, net$101.5 $110.4 
Liabilities
Operating lease current liabilitiesAccrued and other liabilities$24.6 $24.5 
Operating lease noncurrent liabilitiesOther long-term liabilities98.8 106.1 
Schedule of Components of Lease Expense, Lease Term and Discount Rate
The components of lease expense for the six months ended June 30, 2025 and 2024 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)Lease Cost Classification2025202420252024
Lease Cost
Operating lease costCosts of sales and services / Selling, general and administrative expenses$8.5 $8.5 $17.5 $17.8 
Variable lease costCosts of sales and services / Selling, general and administrative expenses2.9 3.0 6.3 5.8 
Total lease cost$11.4 $11.5 $23.8 $23.6 

June 30, 2025
Operating Lease Term and Discount Rate
Weighted-average remaining lease term (years)6.1
Weighted-average discount rate4.9 %
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(9.6)$(8.2)$(19.7)$(23.5)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities$6.0 $2.8 $18.2 $19.4 
Schedule of Future Minimum Lease Payments
The following table represents our future minimum operating lease payments as of, and subsequent to, June 30, 2025 under ASC 842:
(in Millions) Operating Leases Total
Maturity of Lease Liabilities
2025 (excluding the six months ending June 30, 2025)$15.2 
202628.0 
202724.1 
202819.9 
202917.5 
Thereafter38.5 
Total undiscounted lease payments$143.2 
Less: Present value adjustment(19.8)
Present value of lease liabilities$123.4 
v3.25.2
Pensions and Other Postretirement Benefits (Tables)
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Components of Net Annual Benefit Cost (Income)
The following table summarizes the components of net annual benefit cost (income):
(in Millions)Three Months Ended June 30,Six Months Ended June 30,
PensionsOther BenefitsPensionsOther Benefits
20252024202520242025202420252024
Service cost$0.3 $0.7 $— $— $0.7 $1.5 $— $— 
Interest cost11.9 11.9 0.1 0.1 23.9 23.9 0.2 0.2 
Expected return on plan assets(11.9)(11.2)— — (24.1)(22.4)— — 
Amortization of net actuarial and other (gain) loss3.4 3.5 (0.2)(0.2)6.9 7.0 (0.5)(0.4)
Recognized (gain) loss due to curtailments, settlements, and other0.1 0.1 — — 0.2 0.2 — — 
Net periodic benefit cost (income)$3.8 $5.0 $(0.1)$(0.1)$7.6 $10.2 $(0.3)$(0.2)
v3.25.2
Financial Instruments, Risk Management and Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Of Financial Instruments, Valuation Method The carrying value of these financial instruments approximates their fair value. Our other financial instruments include the following:
Financial InstrumentValuation Method
Foreign exchange forward contractsEstimated amounts that would be received or paid to terminate the contracts at the reporting date based on current market prices for applicable currencies.
Commodity forward contractsEstimated amounts that would be received or paid to terminate the contracts at the reporting date based on quoted market prices for applicable commodities.
DebtOur estimates and information obtained from independent third parties using market data, such as bid/ask spreads for the last business day of the reporting period.
Schedule of Derivative Instruments In Statement of Financial Position, Fair Value
The following tables provide the gross fair value and net balance sheet presentation of our derivative instruments.
June 30, 2025
Gross Amount of Derivatives
(in Millions)Designated as Cash Flow HedgesNot Designated as Hedging InstrumentsTotal Gross AmountsGross Amounts Subject to Master Netting ArrangementsNet Amounts
Foreign exchange contracts$1.0 $2.7 $3.7 $(3.7)$— 
Total derivative assets (1)
$1.0 $2.7 $3.7 $(3.7)$— 
Foreign exchange contracts$(36.9)$(16.1)$(53.0)$3.7 $(49.3)
Total derivative liabilities (2)
$(36.9)$(16.1)$(53.0)$3.7 $(49.3)
Net derivative assets (liabilities)$(35.9)$(13.4)$(49.3)$— $(49.3)
December 31, 2024
Gross Amount of Derivatives
(in Millions)Designated as Cash Flow HedgesNot Designated as Hedging InstrumentsTotal Gross AmountsGross Amounts Subject to Master Netting ArrangementsNet Amounts
Foreign exchange contracts$25.0 $22.0 $47.0 $(12.9)$34.1 
Total derivative assets (1)
$25.0 $22.0 $47.0 $(12.9)$34.1 
Foreign exchange contracts$(8.3)$(4.6)$(12.9)$12.9 $— 
Total derivative liabilities (2)
$(8.3)$(4.6)$(12.9)$12.9 $— 
Net derivative assets (liabilities)$16.7 $17.4 $34.1 $— $34.1 
______________
(1)    Balance is included in "Prepaid and other current assets" in the consolidated balance sheets.
(2)    Balance is included in "Accrued and other liabilities" in the consolidated balance sheets.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The tables below summarize the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments.
Derivatives in Cash Flow Hedging Relationships
Contracts
Foreign ExchangeInterest rateTotal
Three Months Ended June 30,
(in Millions)202520242025202420252024
Unrealized hedging gains (losses) and other, net of tax$(20.0)$17.4 $— $— $(20.0)$17.4 
Reclassification of deferred hedging (gains) losses, net of tax (1)
(4.9)1.0 0.4 0.4 (4.5)1.4 
Total derivative instrument impact on comprehensive income, net of tax$(24.9)$18.4 $0.4 $0.4 $(24.5)$18.8 
Contracts
Foreign ExchangeInterest rateTotal
Six Months Ended June 30,
(in Millions)202520242025202420252024
Unrealized hedging gains (losses) and other, net of tax$(36.7)$21.1 $— $— $(36.7)$21.1 
Reclassification of deferred hedging (gains) losses, net of tax (1)
(1.9)0.3 0.7 0.8 (1.2)1.1 
Total derivative instrument impact on comprehensive income, net of tax$(38.6)$21.4 $0.7 $0.8 $(37.9)$22.2 
______________
(1)See Note 13 for classification of amounts within the consolidated statements of income (loss).
Derivatives Not Designated as Hedging Instruments
Amount of Pre-tax Gain (Loss) 
Recognized in Income on Derivatives (1)
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2025202420252024
Foreign exchange contracts$(15.4)$3.1 $(15.5)$(13.0)
Total$(15.4)$3.1 $(15.5)$(13.0)
______________
(1)Amounts in the columns represent the gain or loss on the derivative instrument offset by the gain or loss on the hedged item. These amounts are included in "Costs of sales and services" and to a lesser extent "Selling, general, and administrative expenses" on the consolidated statements of income (loss).
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets. During the periods presented there were no transfers between fair value hierarchy levels.
(in Millions)June 30, 2025Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets
Derivatives – Foreign exchange (1)
$— $— $— $— 
Other (2) (3) (4)
89.5 51.3 — 38.2 
Total assets$89.5 $51.3 $— $38.2 
Liabilities
Derivatives – Foreign exchange (1)
$49.3 $— $49.3 $— 
Other (2)
21.8 21.8 — — 
Total liabilities$71.1 $21.8 $49.3 $— 
(in Millions)December 31, 2024Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets
Derivatives – Foreign exchange (1)
$34.1 $— $34.1 $— 
Other (2) (3) (4)
120.1 84.1 — 36.0 
Total assets$154.2 $84.1 $34.1 $36.0 
Liabilities
Derivatives – Foreign exchange (1)
$— $— $— $— 
Other (2)
23.2 23.2 — — 
Total liabilities$23.2 $23.2 $— $— 
____________________
(1)See the Fair Value of Derivative Instruments table within this Note for classification on the consolidated balance sheets.
(2)Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheets. Both the asset and liability are recorded at fair value. Asset amounts are included in "Other assets including long-term receivables, net" in the consolidated balance sheets. Liability amounts are included in "Other long-term liabilities" in the consolidated balance sheets.
(3)FMC maintains a beneficial interest in a trade receivables securitization fund. The fair value of the beneficial interest is determined by calculating the expected amount of cash to be received on the fund’s outstanding credit notes. As part of this evaluation, we rely on unobservable inputs, including estimating the anticipated credit losses. We consider historical information, current conditions and other reasonable factors as part of this assessment. The amount is included in "Other assets including long-term receivables, net" in the consolidated balance sheets.
(4)Includes money market funds, which consist of highly liquid investments valued at quoted market prices, recognized as "Cash and cash equivalents" on our consolidated balance sheets.
v3.25.2
Guarantees, Commitments, and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Estimated Undiscounted Potential Future Payments for Guarantees
The following table provides the estimated undiscounted amount of potential future payments for each major group of guarantees at June 30, 2025. These guarantees arise during the ordinary course of business from relationships with customers and non-consolidated affiliates. Non-performance by the guaranteed party triggers the obligation requiring us to make payments to the beneficiary of the guarantee. Based on our experience, these types of guarantees have not had a material effect on our consolidated financial position or on our liquidity. Our expectation is that future payment or performance related to the non-performance of others is considered unlikely.
(in Millions)
Guarantees:
Guarantees of vendor financing - short-term (1)
$61.5 
Other debt guarantees (2)
63.8 
Total$125.3 
____________________
(1)Represents guarantees to financial institutions on behalf of certain customers for their seasonal borrowing. This short-term amount is recorded within "Guarantees of vendor financing" on the consolidated balance sheets.
(2)These guarantees represent the outstanding commitment provided to third-party banks for credit extended to various direct and indirect customers. The liability for the guarantees is recorded at an amount that approximates fair value (i.e. representing the stand-ready obligation) based on our historical collection experience and a current assessment of credit exposure. Historically, the fair value of these guarantees has been and continues to be in the current reporting period, immaterial and the majority of these guarantees have had an expiration date of less than one year.
v3.25.2
Financial Information and Accounting Policies (Details)
$ in Millions
Nov. 01, 2024
USD ($)
Disposal Group, Held-for-Sale, Not Discontinued Operations | Global Specialty Solutions  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Proceeds from sale of productive assets $ 340
v3.25.2
Revenue Recognition - Additional Information (Details)
 6 Months Ended
Jun. 30, 2025
productClass
product
Revenue from Contract with Customer [Abstract]  
Number of product categories | product 3
Number of product classes | productClass 3
v3.25.2
Revenue Recognition - Disaggregation of Revenue by Major Geographical Region (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Total Revenue $ 1,050.5 $ 1,038.4 $ 1,841.9 $ 1,956.4
North America        
Disaggregation of Revenue [Line Items]        
Total Revenue 320.9 338.8 507.3 597.9
Latin America        
Disaggregation of Revenue [Line Items]        
Total Revenue 310.4 307.2 517.2 495.2
Europe, Middle East & Africa (EMEA)        
Disaggregation of Revenue [Line Items]        
Total Revenue 260.4 201.2 533.2 508.0
Asia        
Disaggregation of Revenue [Line Items]        
Total Revenue $ 158.8 $ 191.2 $ 284.2 $ 355.3
v3.25.2
Revenue Recognition - Disaggregation of Revenue By Major Product Category (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Total Revenue $ 1,050.5 $ 1,038.4 $ 1,841.9 $ 1,956.4
Insecticides        
Disaggregation of Revenue [Line Items]        
Total Revenue 525.3 569.1 928.0 1,070.4
Herbicides        
Disaggregation of Revenue [Line Items]        
Total Revenue 376.0 336.6 648.2 631.5
Fungicides        
Disaggregation of Revenue [Line Items]        
Total Revenue 80.4 74.5 133.1 144.9
Plant Health        
Disaggregation of Revenue [Line Items]        
Total Revenue 44.9 43.5 90.1 88.3
Other        
Disaggregation of Revenue [Line Items]        
Total Revenue $ 23.9 $ 14.7 $ 42.5 $ 21.3
v3.25.2
Revenue Recognition - Assets and Liabilities (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Receivables from contracts with customers, net of allowances $ 3,137.5 $ 2,942.9
Receivables from contracts with customers, net of allowances increase (decrease) 194.6  
Contract liabilities: Advance Payments from customers 0.0 453.8
Contract liabilities: advance payments from customers, increase (decrease) (453.8)  
Trade receivables 3,076.3 $ 2,903.2
Net long-term customer receivables $ 61.2  
v3.25.2
Goodwill and Intangible Assets - Goodwill (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Goodwill [Roll Forward]  
Balance, December 31, 2024 $ 1,507.0
GSS divestiture allocation (5.0)
Foreign currency adjustments 25.0
Balance, June 30, 2025 $ 1,527.0
v3.25.2
Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Intangible assets subject to amortization (finite-lived)    
Gross $ 1,366.5 $ 1,295.3
Accumulated Amortization (589.4) (529.8)
Net 777.1 765.5
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets 1,624.3 1,595.2
Finite and Indefinite lived intangible assets, gross 2,990.8 2,890.5
Total Accumulated Amortization (589.4) (529.8)
Intangible assets net 2,401.4 2,360.7
Crop Protection Brands    
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets 1,241.3 1,259.0
Brands    
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets 370.9 325.6
In-process research & development    
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets 12.1 10.6
Customer relationships    
Intangible assets subject to amortization (finite-lived)    
Gross 1,157.0 1,117.5
Accumulated Amortization (506.8) (458.9)
Net 650.2 658.6
Indefinite-lived Intangible Assets [Line Items]    
Total Accumulated Amortization (506.8) (458.9)
Patents    
Intangible assets subject to amortization (finite-lived)    
Gross 1.7 1.7
Accumulated Amortization (1.7) (1.7)
Net 0.0 0.0
Indefinite-lived Intangible Assets [Line Items]    
Total Accumulated Amortization (1.7) (1.7)
Brands    
Intangible assets subject to amortization (finite-lived)    
Gross 68.2 48.3
Accumulated Amortization (25.1) (19.2)
Net 43.1 29.1
Indefinite-lived Intangible Assets [Line Items]    
Total Accumulated Amortization (25.1) (19.2)
Purchased and licensed technologies    
Intangible assets subject to amortization (finite-lived)    
Gross 137.3 125.5
Accumulated Amortization (54.0) (48.2)
Net 83.3 77.3
Indefinite-lived Intangible Assets [Line Items]    
Total Accumulated Amortization (54.0) (48.2)
Other intangibles    
Intangible assets subject to amortization (finite-lived)    
Gross 2.3 2.3
Accumulated Amortization (1.8) (1.8)
Net 0.5 0.5
Indefinite-lived Intangible Assets [Line Items]    
Total Accumulated Amortization $ (1.8) $ (1.8)
v3.25.2
Goodwill and Intangible Assets - Finite-Lived Intangible Assets Amortization Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 18.2 $ 16.4 $ 36.4 $ 32.8
v3.25.2
Goodwill and Intangible Assets - Additional Information (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]  
Remainder of fiscal year $ 72.5
2026 74.1
2027 73.8
2028 74.5
2029 71.5
2030 $ 68.7
v3.25.2
Receivables - Allowance for Doubtful Trade Receivables and Credit Losses (Details) - USD ($)
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Allowance for short term receivables [Roll Forward]    
Beginning balance $ 39.4 $ 29.1
Additions - charged to expense 3.1 12.2
Transfer from (to) allowance for credit losses 0.1 (3.6)
Net recoveries, write-offs and other 0.2 1.7
Ending balance 42.8 39.4
Allowance for long term customer receivables [Roll Forward]    
Beginning balance 21.3 27.1
Additions - charged (credited) to expense (0.1) (1.8)
Transfer from (to) allowance for doubtful accounts 0.8 3.6
Foreign currency adjustments 1.0 (3.4)
Net recoveries, write-offs and other 0.0 (4.2)
Ending balance $ 23.0 $ 21.3
v3.25.2
Receivables - Additional Information (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Net long-term customer receivables $ 61.2  
Non-recourse factoring 206.2 $ 71.3
Receivables Securitization Facility    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Trade receivables, net 85.1 82.4
Transfer charge $ 5.1 $ 5.7
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, general and administrative expenses Selling, general and administrative expenses
Sale of trade receivable classified as noncash investing activity $ 38.2  
v3.25.2
Inventories (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Finished goods $ 481.8 $ 433.5
Work in process 685.0 548.6
Raw materials, supplies and other 228.9 219.5
Net inventories $ 1,395.7 $ 1,201.6
v3.25.2
Property, Plant and Equipment (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
Property, plant and equipment $ 1,682.9 $ 1,597.9
Accumulated depreciation (792.2) (748.2)
Property, plant and equipment, net $ 890.7 $ 849.7
v3.25.2
Restructuring and Other Charges (Income) - Schedule of Restructuring and Other Charges (Income) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring and Related Activities [Abstract]        
Restructuring charges $ 13.0 $ 83.8 $ 26.6 $ 117.5
Other charges (income), net 23.7 11.3 27.9 18.5
Total restructuring and other charges (income) $ 36.7 $ 95.1 $ 54.5 $ 136.0
v3.25.2
Restructuring and Other Charges (Income) - Schedule of Restructuring Charges and Asset Disposals (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Charges        
Severance and Employee Benefits $ 5.4 $ 18.6 $ 9.2 $ 37.5
Other Charges (Income) 5.1 6.0 11.8 18.5
Asset Disposal Charges (Income) 2.5 59.2 5.6 61.5
Total 13.0 83.8 26.6 117.5
Project Focus        
Restructuring Charges        
Severance and Employee Benefits 5.4 18.6 9.6 37.5
Other Charges (Income) 4.9 6.5 11.5 18.7
Asset Disposal Charges (Income) 2.5 59.2 5.6 61.5
Total 12.8 84.3 26.7 117.7
Other items        
Restructuring Charges        
Severance and Employee Benefits 0.0 0.0 (0.4) 0.0
Other Charges (Income) 0.2 (0.5) 0.3 (0.2)
Asset Disposal Charges (Income) 0.0 0.0 0.0 0.0
Total $ 0.2 $ (0.5) $ (0.1) $ (0.2)
v3.25.2
Restructuring and Other Charges (Income) - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]        
Severance costs $ 5.4 $ 18.6 $ 9.2 $ 37.5
Other restructuring costs 5.1 6.0 11.8 18.5
Asset disposal charges (income) 2.5 59.2 5.6 61.5
Furadan ® product exit 11.9 0.0 11.9 0.0
Project Focus        
Restructuring Cost and Reserve [Line Items]        
Severance costs 5.4 18.6 9.6 37.5
Other restructuring costs 4.9 6.5 11.5 18.7
Asset disposal charges (income) $ 2.5 $ 59.2 $ 5.6 $ 61.5
v3.25.2
Restructuring and Other Charges (Income) - Schedule of Restructuring Reserve Rollforward (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Restructuring Reserve [Roll Forward]  
Restructuring reserve, beginning balance $ 151.1
Change in reserves 21.0
Cash payments (70.9)
Restructuring reserve, ending balance 101.2
Project Focus  
Restructuring Reserve [Roll Forward]  
Restructuring reserve, beginning balance 146.9
Change in reserves 21.0
Cash payments (70.6)
Restructuring reserve, ending balance 97.3
DuPont Crop restructuring  
Restructuring Reserve [Roll Forward]  
Restructuring reserve, beginning balance 3.0
Change in reserves 0.0
Cash payments 0.2
Restructuring reserve, ending balance 3.2
Other workforce related and facility shutdowns  
Restructuring Reserve [Roll Forward]  
Restructuring reserve, beginning balance 1.2
Change in reserves 0.0
Cash payments (0.5)
Restructuring reserve, ending balance $ 0.7
v3.25.2
Restructuring and Other Charges (Income) - Schedule of Other Charges (Income), Net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring and Related Activities [Abstract]        
Environmental charges, net $ 7.4 $ 5.7 $ 10.9 $ 9.0
Furadan ® product exit 11.9 0.0 11.9 0.0
Other items, net 4.4 5.6 5.1 9.5
Other charges (income), net $ 23.7 $ 11.3 $ 27.9 $ 18.5
v3.25.2
Debt - Schedule of Debt Maturing Within One Year (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Total short-term debt $ 807.3 $ 261.3
Current portion of long-term debt 86.0 76.1
Total short-term debt and current portion of long-term debt 893.3 337.4
Revolving Credit Facility | Line of Credit    
Short-term Debt [Line Items]    
Line of credit, maximum increase 2,750.0  
Short-term foreign debt    
Short-term Debt [Line Items]    
Total short-term debt $ 201.0 135.7
Weighted average interest rates for short-term debt outstanding at year-end (as a percent) 8.70%  
Commercial paper    
Short-term Debt [Line Items]    
Total short-term debt $ 606.3 $ 125.6
Weighted average interest rates for short-term debt outstanding at year-end (as a percent) 5.20%  
v3.25.2
Debt - Schedule of Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Debt issuance cost $ (28.4) $ (20.4)
Total long-term debt 3,356.0 3,104.0
Less: debt maturing within one year 86.0 76.1
Total long-term debt, less current portion 3,270.0 3,027.9
Pollution control and industrial revenue bonds (less unamortized discounts of $0.1and $0.1, respectively)    
Debt Instrument [Line Items]    
Unamortized discount $ 0.1 0.1
Interest Rate Percentage 6.45%  
Long-term debt, gross $ 49.9 49.9
Senior notes (less unamortized discount of $1.5 and $1.6, respectively)    
Debt Instrument [Line Items]    
Unamortized discount 1.5 1.6
Long-term debt, gross $ 2,498.5 2,998.4
Senior notes (less unamortized discount of $1.5 and $1.6, respectively) | Minimum    
Debt Instrument [Line Items]    
Interest Rate Percentage 3.20%  
Senior notes (less unamortized discount of $1.5 and $1.6, respectively) | Maximum    
Debt Instrument [Line Items]    
Interest Rate Percentage 6.40%  
Subordinated Notes    
Debt Instrument [Line Items]    
Interest Rate Percentage 8.45%  
Long-term debt, gross $ 750.0 0.0
Revolving Credit Facility    
Debt Instrument [Line Items]    
Letters of credit outstanding amount 210.1  
Line of credit, remaining borrowing capacity $ 1,183.6  
Revolving Credit Facility | Line of Credit    
Debt Instrument [Line Items]    
Interest Rate Percentage 7.10%  
Long-term debt, gross $ 0.0 0.0
Foreign debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 86.0 $ 76.1
Foreign debt | Minimum    
Debt Instrument [Line Items]    
Interest Rate Percentage 12.60%  
Foreign debt | Maximum    
Debt Instrument [Line Items]    
Interest Rate Percentage 17.10%  
v3.25.2
Debt - Subordinated Notes (Details) - USD ($)
May 27, 2025
Jun. 30, 2025
Subordinated Notes    
Debt Instrument [Line Items]    
Interest rate   8.45%
Senior Notes | Subordinated Notes    
Debt Instrument [Line Items]    
Aggregate principal amount $ 750,000,000  
Interest rate 8.45%  
Senior Notes | Senior Notes Due May 2026    
Debt Instrument [Line Items]    
Net proceeds from this offering to redeem $ 500,000,000  
Redemption Premium $ 3,300,000  
v3.25.2
Debt - Covenants (Details) - Line of Credit
 3 Months Ended 6 Months Ended 8 Months Ended 11 Months Ended 27 Months Ended
Mar. 31, 2026
Jun. 30, 2025
Sep. 30, 2025
Dec. 31, 2025
Dec. 31, 2027
Forecast | Revolving Credit Facility          
Debt Instrument [Line Items]          
Debt instrument maximum leverage ratio         3.75
Debt instrument minimum leverage ratio 3.50        
Forecast | Revolving Credit Facility | Subsequent Event          
Debt Instrument [Line Items]          
Debt instrument maximum leverage ratio     5.25    
Debt instrument, covenant description, minimum interest coverage ratio       3.00  
Revolving Credit Facility And Term Loan Facility 2017          
Debt Instrument [Line Items]          
Credit agreement, covenant compliance, actual leverage ratio   4.81      
Credit agreement, covenant terms, maximum leverage ratio   5.25      
Credit agreement, covenant compliance, actual interest coverage ratio, period one   3.90      
Minimum interest coverage   3.00      
v3.25.2
Discontinued Operations - Components of Discontinued Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discontinued operations, net of income taxes $ 23.4 $ (2.8) $ 16.4 $ (15.3)
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) (0.2) (1.4) (0.3) (2.0)
Provision for environmental liabilities and expenses, net of recoveries, net of income tax benefit (expense) 0.9 0.7 1.4 1.2
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (6.6) (0.4) (5.3) 2.2
Decrease in outstanding cases 34.5   34.5  
Discontinued operations gain on insurance settlement   18.0   18.0
Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $(0.2) and $(0.3) for the three and six months ended June 30, 2025, respectively, and $(1.4) and $(2.0) for the three and six months ended June 30, 2024, respectively        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discontinued operations, net of income taxes 1.6 (1.5) 1.5 (2.5)
Provision for environmental liabilities and expenses, net of recoveries, net of income tax benefit (expense) of $0.9 and $1.4 for the three and six months ended June 30, 2025, respectively, and $0.7 and $1.2 for the three and six months ended June 30, 2024, respectively        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discontinued operations, net of income taxes (3.2) (2.7) (5.2) (4.4)
Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $(6.6) and $(5.3) for the three and six months ended June 30, 2025 and $(0.4) and $2.2 for the three and six months ended June 30, 2024, respectively.        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discontinued operations, net of income taxes $ 25.0 $ 1.4 $ 20.1 $ (8.4)
v3.25.2
Environmental Obligations - Environmental Reserve Rollforward and Recoveries and Reserves (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Accrual for Environmental Loss Contingencies [Roll Forward]          
Environmental reserves, long-term $ 522.9   $ 522.9   $ 521.3
Recorded Recoveries [Roll Forward]          
Environmental recoveries, beginning     3.8    
Increase (Decrease) in recoveries     0.3    
Cash received     (0.4)    
Environmental recoveries, ending 3.7   3.7    
Environmental charges, net 7.4 $ 5.7 10.9 $ 9.0  
Environmental provision, net 11.5 9.1 17.5 14.6  
Continuing Operations          
Recorded Recoveries [Roll Forward]          
Environmental charges, net 7.4 5.7 10.9 9.0  
Discontinued Operations          
Recorded Recoveries [Roll Forward]          
Environmental charges, net 4.1 3.4 6.6 5.6  
Environmental provisions, net - recorded to assets          
Recorded Recoveries [Roll Forward]          
Environmental provision, net (0.2) 0.1 (0.3) (0.3)  
Environmental provisions, net - recorded to liabilities          
Recorded Recoveries [Roll Forward]          
Environmental provision, net 11.7 $ 9.0 17.8 $ 14.9  
Gross          
Accrual for Environmental Loss Contingencies [Roll Forward]          
Total environmental reserves at December 31, 2024     623.2    
Provision (Benefit)     18.3    
(Spending) Recoveries     (32.0)    
Foreign currency translation adjustments     14.3    
Net change     0.6    
Total environmental reserves at June 30, 2025 623.8   623.8    
Environmental reserves, current 92.9   92.9    
Environmental reserves, long-term 530.9   530.9    
Total environmental reserves at June 30, 2025 623.8   623.8   623.2
Recoveries          
Accrual for Environmental Loss Contingencies [Roll Forward]          
Total environmental reserves at December 31, 2024     10.1    
Provision (Benefit)     (0.7)    
(Spending) Recoveries     1.6    
Foreign currency translation adjustments     0.0    
Net change     0.9    
Total environmental reserves at June 30, 2025 9.2   9.2    
Environmental reserves, current 1.2   1.2    
Environmental reserves, long-term 8.0   8.0    
Total environmental reserves at June 30, 2025 9.2   9.2   10.1
Net          
Accrual for Environmental Loss Contingencies [Roll Forward]          
Total environmental reserves at December 31, 2024     613.1    
Provision (Benefit)     17.6    
(Spending) Recoveries     (30.4)    
Foreign currency translation adjustments     14.3    
Net change     1.5    
Total environmental reserves at June 30, 2025 614.6   614.6    
Environmental reserves, current 91.7   91.7    
Environmental reserves, long-term 522.9   522.9    
Total environmental reserves at June 30, 2025 $ 614.6   $ 614.6   $ 613.1
v3.25.2
Environmental Obligations - Additional Information (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Environmental Remediation Obligations [Abstract]  
Environmental loss contingencies, net of expected recoveries, in excess of accrual $ 290
v3.25.2
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings Per Share [Abstract]        
Antidilutive shares excluded from diluted EPS (in shares) 3,600 2,100 3,300 2,000
Earnings (loss) attributable to FMC stockholders:        
Continuing operations, net of income taxes $ 43.3 $ 297.9 $ 34.8 $ 307.7
Discontinued operations, net of income taxes 23.4 (2.8) 16.4 (15.3)
Net income (loss) attributable to FMC stockholders 66.7 295.1 51.2 292.4
Less: Distributed and undistributed earnings allocable to restricted award holders (0.2) (0.9) 0.2 (0.7)
Net income (loss) allocable to common stockholders $ 66.5 $ 294.2 $ 51.4 $ 291.7
Basic earnings (loss) per common share attributable to FMC stockholders:        
Continuing operations (in USD per share) $ 0.34 $ 2.37 $ 0.28 $ 2.45
Discontinued operations (in USD per share) 0.19 (0.02) 0.13 (0.12)
Net income (loss) attributable to FMC stockholders (in USD per share) 0.53 2.35 0.41 2.33
Diluted earnings (loss) per common share attributable to FMC stockholders:        
Continuing operations (in USD per share) 0.34 2.37 0.28 2.45
Discontinued operations (in USD per share) 0.19 (0.02) 0.13 (0.12)
Net income (loss) attributable to FMC stockholders (in USD per share) $ 0.53 $ 2.35 $ 0.41 $ 2.33
Shares (in thousands):        
Weighted average number of shares of common stock outstanding - Basic (in shares) 125,161 125,009 125,123 124,976
Weighted average additional shares assuming conversion of potential common shares (in shares) 407 343 394 310
Shares – diluted basis (in shares) 125,568 125,352 125,517 125,286
v3.25.2
Equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance $ 4,411.6 $ 4,332.9 $ 4,508.8 $ 4,433.4
Other comprehensive income (loss), net of tax 11.8 12.1 7.6 (18.7)
Ending balance 4,428.1 4,580.7 4,428.1 4,580.7
Total        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (415.1) (436.6) (410.6) (406.5)
Other comprehensive income (loss) before reclassifications     2.9 (24.1)
Amounts reclassified from accumulated other comprehensive income (loss)     4.0 6.3
Other comprehensive income (loss), net of tax     6.9 (17.8)
Ending balance (403.7) (424.3) (403.7) (424.3)
Foreign currency adjustments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     (183.9) (131.3)
Other comprehensive income (loss) before reclassifications     39.6 (45.0)
Amounts reclassified from accumulated other comprehensive income (loss)     0.0 0.0
Other comprehensive income (loss), net of tax     39.6 (45.0)
Ending balance (144.3) (176.3) (144.3) (176.3)
Derivative Instruments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     (17.5) (50.2)
Other comprehensive income (loss) before reclassifications     (36.7) 21.1
Amounts reclassified from accumulated other comprehensive income (loss)     (1.2) 1.1
Other comprehensive income (loss), net of tax     (37.9) 22.2
Ending balance (55.4) (28.0) (55.4) (28.0)
Pension and other postretirement benefits        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance     (209.2) (225.0)
Other comprehensive income (loss) before reclassifications     0.0 (0.2)
Amounts reclassified from accumulated other comprehensive income (loss)     5.2 5.2
Other comprehensive income (loss), net of tax     5.2 5.0
Ending balance $ (204.0) $ (220.0) $ (204.0) $ (220.0)
v3.25.2
Equity - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative instruments            
Costs of sales and services $ 644.2   $ 640.3   $ 1,118.9 $ 1,218.6
Selling, general and administrative expenses 176.8   164.8   348.8 328.7
Interest expense, net 61.0   63.6   111.1 125.3
Non-operating pension, postretirement and other charges (income) 6.6   4.2   9.8 8.5
Income (loss) from continuing operations before income taxes 58.8   (5.5)   63.7 2.5
Benefit (provision) for income taxes 14.4   (303.5)   27.9 (304.9)
Net income (loss) 67.8 $ (15.6) 295.2 $ (3.1) 52.2 292.1
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)            
Derivative instruments            
Net income (loss) 1.8   (4.0)   (4.0) (6.3)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Derivative instruments            
Derivative instruments            
Income (loss) from continuing operations before income taxes 6.5   (2.2)   2.3 (1.8)
Benefit (provision) for income taxes (2.0)   0.8   (1.1) 0.7
Net income (loss) 4.5   (1.4)   1.2 (1.1)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Pension and other postretirement benefits            
Derivative instruments            
Income (loss) from continuing operations before income taxes (3.3)   (3.2)   (6.4) (6.5)
Benefit (provision) for income taxes 0.6   0.6   1.2 1.3
Net income (loss) (2.7)   (2.6)   (5.2) (5.2)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Amortization of unrecognized net actuarial and other gains (losses)            
Derivative instruments            
Non-operating pension, postretirement and other charges (income) (3.2)   (3.1)   (6.2) (6.3)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Recognized (gain) loss due to curtailments, settlements, and other            
Derivative instruments            
Non-operating pension, postretirement and other charges (income) (0.1)   (0.1)   (0.2) (0.2)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Gain (loss) on foreign currency contracts | Derivative instruments            
Derivative instruments            
Costs of sales and services 7.0   (1.8)   3.3 (1.0)
Selling, general and administrative expenses 0.0   0.1   0.0 0.2
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | Gain (loss) on interest rate contracts | Derivative instruments            
Derivative instruments            
Interest expense, net $ (0.5)   $ (0.5)   $ (1.0) $ (1.0)
v3.25.2
Equity - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 17, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Jun. 29, 2025
Feb. 28, 2022
Short-term Debt [Line Items]              
Acquisitions of noncontrolling interest [1]   $ (1.0) $ (7.6)        
Dividend paid [2]       $ 145.5 $ 145.2    
Subsequent Event              
Short-term Debt [Line Items]              
Dividend paid $ 72.8            
Pakistan Joint Venture              
Short-term Debt [Line Items]              
Ownership interest percentage   40.00%   40.00%      
Acquisitions of noncontrolling interest       $ (8.6)      
Ownership percentage   100.00%   100.00%   60.00%  
Repurchase Program              
Short-term Debt [Line Items]              
Authorised stock repurchase amount             $ 1,000.0
Shares repurchased under repurchase program (in shares)       0      
Stock repurchase program, remaining authorized repurchase amount   $ 825.0   $ 825.0      
[1] See Note 13 for more detail on transactions with noncontrolling interest.
[2] See Note 13 regarding the quarterly cash dividend.
v3.25.2
Leases - ROU Asset and Lease Liability (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Operating lease ROU assets $ 101.5 $ 110.4
Operating lease, right-of-use asset, statement of financial position Other assets including long-term receivables, net Other assets including long-term receivables, net
Liabilities    
Operating lease current liabilities $ 24.6 $ 24.5
Operating lease noncurrent liabilities $ 98.8 $ 106.1
Operating lease, liability, current, statement of financial position Accrued and other liabilities Accrued and other liabilities
Operating lease, liability, noncurrent, statement of financial position Other long-term liabilities Other long-term liabilities
v3.25.2
Leases - Components of Lease Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Leases [Abstract]        
Operating lease cost $ 8.5 $ 8.5 $ 17.5 $ 17.8
Variable lease cost 2.9 3.0 6.3 5.8
Total lease cost $ 11.4 $ 11.5 $ 23.8 $ 23.6
v3.25.2
Leases - Operating Lease Term and Discount Rate (Details)
Jun. 30, 2025
Leases [Abstract]  
Weighted-average remaining lease term (years) 6 years 1 month 6 days
Weighted-average discount rate 4.90%
v3.25.2
Leases - Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases $ (9.6) $ (8.2) $ (19.7) $ (23.5)
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:        
Right-of-use assets obtained in exchange for new operating lease liabilities $ 6.0 $ 2.8 $ 18.2 $ 19.4
v3.25.2
Leases - Future Minimum Lease Payments (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Maturity of Lease Liabilities  
2025 (excluding the six months ending June 30, 2025) $ 15.2
2026 28.0
2027 24.1
2028 19.9
2029 17.5
Thereafter 38.5
Total undiscounted lease payments 143.2
Less: Present value adjustment (19.8)
Present value of lease liabilities $ 123.4
v3.25.2
Pensions and Other Postretirement Benefits (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Pensions        
Components of net annual benefit cost (income):        
Service cost $ 0.3 $ 0.7 $ 0.7 $ 1.5
Interest cost 11.9 11.9 23.9 23.9
Expected return on plan assets (11.9) (11.2) (24.1) (22.4)
Amortization of net actuarial and other (gain) loss 3.4 3.5 6.9 7.0
Recognized (gain) loss due to curtailments, settlements, and other 0.1 0.1 0.2 0.2
Net periodic benefit cost (income) 3.8 5.0 7.6 10.2
Other Benefits        
Components of net annual benefit cost (income):        
Service cost 0.0 0.0 0.0 0.0
Interest cost 0.1 0.1 0.2 0.2
Expected return on plan assets 0.0 0.0 0.0 0.0
Amortization of net actuarial and other (gain) loss (0.2) (0.2) (0.5) (0.4)
Recognized (gain) loss due to curtailments, settlements, and other 0.0 0.0 0.0 0.0
Net periodic benefit cost (income) $ (0.1) $ (0.1) $ (0.3) $ (0.2)
v3.25.2
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Effective tax rate (as a percent) 24.50% 5518.20% 43.80% (12196.00%)
Effective income tax rate reconciliation, corporate structure, amount $ 300   $ 300  
v3.25.2
Financial Instruments, Risk Management and Fair Value Measurements - Additional Information (Details)
$ in Millions
Jun. 30, 2025
USD ($)
MMBTU
Dec. 31, 2024
USD ($)
Derivative [Line Items]    
Estimated fair value of debt $ 4,117.4 $ 3,223.6
Carrying value of debt $ 4,163.3 $ 3,365.3
Designated as Cash Flow Hedges | Energy Contracts    
Derivative [Line Items]    
Nonmonetary notional amount of price risk cash flow hedge (in mmBTUs) | MMBTU 0  
Designated as Cash Flow Hedges | Foreign Currency and Energy Contracts    
Derivative [Line Items]    
Net gains (losses) on cash flow hedges $ (25.3)  
Not Designated as Hedging Instruments | Foreign exchange contracts    
Derivative [Line Items]    
Derivative, notional amount 3,617.7  
Cash Flow Hedging | Designated as Cash Flow Hedges | Foreign exchange contracts    
Derivative [Line Items]    
Net gains (losses) on cash flow hedges (25.4)  
Cash Flow Hedging | Designated as Cash Flow Hedges | Forward Contracts    
Derivative [Line Items]    
Net gains (losses) on cash flow hedges 799.8  
Cash Flow Hedging | Designated as Cash Flow Hedges | Interest rate contracts    
Derivative [Line Items]    
Net gains (losses) on cash flow hedges $ 25.3  
v3.25.2
Financial Instruments, Risk Management and Fair Value Measurements - Fair Value of Derivatives by Balance Sheet Location (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Derivative Asset [Abstract]    
Total Gross Amounts $ 3.7 $ 47.0
Gross Amounts Subject to Master Netting Arrangements (3.7) (12.9)
Net Amounts 0.0 34.1
Derivative Liability [Abstract]    
Total Gross Amounts (53.0) (12.9)
Gross Amounts Subject to Master Netting Arrangements 3.7 12.9
Net Amounts (49.3) 0.0
Net derivative assets (liabilities) (49.3) 34.1
Netting arrangement, gross amounts subject to master netting arrangements 0.0 0.0
Net amounts of derivative assets (liabilities) (49.3) 34.1
Foreign exchange contracts    
Derivative Asset [Abstract]    
Total Gross Amounts 3.7 47.0
Gross Amounts Subject to Master Netting Arrangements (3.7) (12.9)
Net Amounts 0.0 34.1
Derivative Liability [Abstract]    
Total Gross Amounts (53.0) (12.9)
Gross Amounts Subject to Master Netting Arrangements 3.7 12.9
Net Amounts (49.3) 0.0
Designated as Cash Flow Hedges    
Derivative Asset [Abstract]    
Total Gross Amounts 1.0 25.0
Derivative Liability [Abstract]    
Total Gross Amounts (36.9) (8.3)
Net derivative assets (liabilities) (35.9) 16.7
Designated as Cash Flow Hedges | Foreign exchange contracts    
Derivative Asset [Abstract]    
Total Gross Amounts 1.0 25.0
Derivative Liability [Abstract]    
Total Gross Amounts (36.9) (8.3)
Not Designated as Hedging Instruments    
Derivative Asset [Abstract]    
Total Gross Amounts 2.7 22.0
Derivative Liability [Abstract]    
Total Gross Amounts (16.1) (4.6)
Net derivative assets (liabilities) (13.4) 17.4
Not Designated as Hedging Instruments | Foreign exchange contracts    
Derivative Asset [Abstract]    
Total Gross Amounts 2.7 22.0
Derivative Liability [Abstract]    
Total Gross Amounts $ (16.1) $ (4.6)
v3.25.2
Financial Instruments, Risk Management and Fair Value Measurements - Derivatives Gain (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivatives Designated as Hedging Instruments        
Unrealized hedging gains (losses) and other, net of tax $ (20.0) $ 17.4 $ (36.7) $ 21.1
Reclassification of deferred hedging (gains) losses, net of tax [1] (4.5) 1.4 (1.2) 1.1
Total derivative instrument impact on comprehensive income, net of tax (24.5) 18.8 (37.9) 22.2
Designated as Cash Flow Hedges        
Derivatives Designated as Hedging Instruments        
Unrealized hedging gains (losses) and other, net of tax (20.0) 17.4 (36.7) 21.1
Reclassification of deferred hedging (gains) losses, net of tax (4.5) 1.4 (1.2) 1.1
Total derivative instrument impact on comprehensive income, net of tax (24.5) 18.8 (37.9) 22.2
Designated as Cash Flow Hedges | Foreign exchange contracts        
Derivatives Designated as Hedging Instruments        
Unrealized hedging gains (losses) and other, net of tax (20.0) 17.4 (36.7) 21.1
Reclassification of deferred hedging (gains) losses, net of tax (4.9) 1.0 (1.9) 0.3
Total derivative instrument impact on comprehensive income, net of tax (24.9) 18.4 (38.6) 21.4
Designated as Cash Flow Hedges | Interest rate contracts        
Derivatives Designated as Hedging Instruments        
Unrealized hedging gains (losses) and other, net of tax 0.0 0.0 0.0 0.0
Reclassification of deferred hedging (gains) losses, net of tax 0.4 0.4 0.7 0.8
Total derivative instrument impact on comprehensive income, net of tax 0.4 0.4 0.7 0.8
Not Designated as Hedging Instruments        
Derivatives Not Designated as Hedging Instruments        
Amount of pre-tax gain (loss) recognized in income on derivatives $ (15.4) $ 3.1 $ (15.5) $ (13.0)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Costs of sales and services, Selling, general and administrative expenses Costs of sales and services, Selling, general and administrative expenses Costs of sales and services, Selling, general and administrative expenses Costs of sales and services, Selling, general and administrative expenses
Not Designated as Hedging Instruments | Foreign exchange contracts        
Derivatives Not Designated as Hedging Instruments        
Amount of pre-tax gain (loss) recognized in income on derivatives $ (15.4) $ 3.1 $ (15.5) $ (13.0)
[1] For more detail on the components of these reclassifications and the affected line item in the consolidated statements of income (loss), see Note 13.
v3.25.2
Financial Instruments, Risk Management and Fair Value Measurements - Recurring Fair Value Measurements (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Derivatives assets $ 3.7 $ 47.0
Liabilities    
Derivative liabilities 53.0 12.9
Foreign exchange contracts    
Assets    
Derivatives assets 3.7 47.0
Liabilities    
Derivative liabilities 53.0 12.9
Fair Value, Measurements, Recurring    
Assets    
Other 89.5 120.1
Total assets 89.5 154.2
Liabilities    
Other 21.8 23.2
Total liabilities 71.1 23.2
Fair Value, Measurements, Recurring | Foreign exchange contracts    
Assets    
Derivatives assets 0.0 34.1
Liabilities    
Derivative liabilities 49.3 0.0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets    
Other 51.3 84.1
Total assets 51.3 84.1
Liabilities    
Other 21.8 23.2
Total liabilities 21.8 23.2
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign exchange contracts    
Assets    
Derivatives assets 0.0 0.0
Liabilities    
Derivative liabilities 0.0 0.0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Assets    
Other 0.0 0.0
Total assets 0.0 34.1
Liabilities    
Other 0.0 0.0
Total liabilities 49.3 0.0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign exchange contracts    
Assets    
Derivatives assets 0.0 34.1
Liabilities    
Derivative liabilities 49.3 0.0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Assets    
Other 38.2 36.0
Total assets 38.2 36.0
Liabilities    
Other 0.0 0.0
Total liabilities 0.0 0.0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign exchange contracts    
Assets    
Derivatives assets 0.0 0.0
Liabilities    
Derivative liabilities $ 0.0 $ 0.0
v3.25.2
Guarantees, Commitments, and Contingencies (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Guarantor Obligations [Line Items]    
Guarantees $ 125.3  
Guarantee, term 1 year  
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration] Accounts payable, trade and other Accounts payable, trade and other
Supplier finance program, obligation $ 200.5 $ 227.4
Guarantees of vendor financing - short-term    
Guarantor Obligations [Line Items]    
Guarantees 61.5  
Other debt guarantees    
Guarantor Obligations [Line Items]    
Guarantees $ 63.8