Environmental Obligations (Tables)

9 Months Ended

Sep. 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)	27.4		(1.0)		26.4
(Spending) Recoveries	(55.4)		1.5		(53.9)
Foreign currency translation adjustments	13.6		—		13.6
Net change	(14.4)		0.5		(13.9)
Total environmental reserves at September 30, 2025	$	608.8	$	(9.6)	$	599.2

Environmental reserves, current (1)	$	86.5	$	(1.4)	$	85.1
Environmental reserves, long-term (2)	522.3		(8.2)		514.1
Total environmental reserves at September 30, 2025	$	608.8	$	(9.6)	$	599.2

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(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, 2024		Increase (Decrease) in recoveries		Cash received		September 30, 2025
Environmental recoveries	$	3.8	$	0.4	$	(0.7)	$	3.5

Schedule of Net Environmental Provision by Operating and Discontinued sites

The net provisions are comprised as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in Millions)	2025		2024		2025		2024
Environmental provisions, net - recorded to liabilities (1)	$	8.6	$	8.8	$	26.4	$	23.7
Environmental provisions, net - recorded to assets (2)	(0.1)		(0.1)		(0.4)		(0.4)
Environmental provision, net	$	8.5	$	8.7	$	26.0	$	23.3

Continuing operations (3)	$	4.9	$	4.8	$	15.8	$	13.8
Discontinued operations (4)	3.6		3.9		10.2		9.5
Environmental provision, net	$	8.5	$	8.7	$	26.0	$	23.3

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(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).

FMC CORP 10-Q