v3.26.3
Restructuring and Other Charges (Income)
 9 Months Ended
Sep. 30, 2026
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 September 30,Nine Months Ended September 30,
(in Millions)2026202520262025
Restructuring charges$175.9 $49.9 $409.9 $76.5 
Other charges (income), net304.7 244.6 370.0 272.5 
Total restructuring and other charges (income)$480.6 $294.5 $779.9 $349.0 
Restructuring charges
For detail on restructuring activities that commenced prior to 2026, see Note 7 to our consolidated financial statements included within our 2025 Form 10-K.
Restructuring Charges
(in Millions)
Severance and Employee Benefits
Other Charges (Income) (1)
Asset Disposal Charges (Income) (2)
Total
Project Focus$— $1.1 $— $1.1 
Project Foundation36.2 51.7 86.8 174.7 
Other items— 0.1 — 0.1 
Three Months Ended September 30, 2026$36.2 $52.9 $86.8 $175.9 
Project Focus$6.7 $8.0 $35.0 $49.7 
Other items— 0.2 — 0.2 
Three Months Ended September 30, 2025$6.7 $8.2 $35.0 $49.9 
Project Focus$0.5 $7.8 $— $8.3 
Project Foundation47.7 67.9 285.7 401.3 
Other items— 0.3 — 0.3 
Nine Months Ended September 30, 2026$48.2 $76.0 $285.7 $409.9 
Project Focus$16.3 $19.5 $40.6 $76.4 
Other items(0.4)0.5 — 0.1 
Nine Months Ended September 30, 2025$15.9 $20.0 $40.6 $76.5 
____________________ 
(1)Other charges primarily represent third-party costs associated with various restructuring activities. 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), including the write-off of certain receivables as discussed further below, 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 Foundation
In December 2025, the Board of Directors approved management’s comprehensive plan, referred to as Project Foundation, to further optimize FMC’s cost structure and organizational operations. A key component of this initiative is the Manufacturing Restructuring Program, which focuses on redesigning FMC’s manufacturing footprint. This includes exiting certain high-cost active ingredient and formulation plants and transitioning production to lower-cost sources. During the nine months ended September 30, 2026, we incurred non-cash asset write-offs and accelerated depreciation costs of $193.1 million primarily associated with the planned exit of certain production activities. As part of the broader strategic shift under Project Foundation, we plan to focus on increased direct engagement with growers in certain countries, primarily in Latin America. The transition to this commercial model led to the realignment of certain customer relationships, which resulted in additional non-cash write-offs of approximately $92.6 million of long-term receivables during the nine months ended September 30, 2026. We also incurred severance and employee separation costs of $47.7 million and other miscellaneous charges of $67.9 million, which include contract exit costs and professional service provider costs. The remaining amounts associated with Project Foundation 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 write-offs of fixed assets, asset impairment charges and asset retirement obligations.
(in Millions)
Balance at
December 31, 2025 (5)
Change in
reserves (4)
Cash
payments
Other (5)
Balance at
September 30, 2026 (5)
Project Focus (1)
$106.2 $8.3 $(59.7)$(0.1)$54.7 
Project Foundation (2)
1.8 129.3 (36.8)(0.2)94.1 
DuPont Crop restructuring (3)
2.9 — — — 2.9 
Other workforce related and facility shutdowns (4)
0.7 0.1 (0.3)— 0.5 
Total$111.6 $137.7 $(96.8)$(0.3)$152.2 
____________________ 
(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)Relates to management’s comprehensive plan initiated in 2025 and primarily relates to severance charges and related benefit costs as well as other miscellaneous fees, which include contract exit costs and professional service provider costs.
(3)Represents remaining cash spending on facility separation costs associated with DuPont Crop restructuring activities.
(4)Includes exit costs related to workforce reductions and facility shutdowns on previously implemented restructuring initiatives.
(5)Included in Accrued and other liabilities and Other long-term liabilities on the consolidated balance sheets.

Other charges (income), net
Three Months Ended September 30,Nine Months Ended September 30,
(in Millions)2026202520262025
Environmental charges, net$3.8 $4.9 $13.1 $15.8 
India held for sale business13.5 227.4 70.1 227.4 
Impairment of intangible assets287.5 — 287.5 — 
Currency related matters— 7.7 — 7.7 
Furadan® product exit— — — 11.9 
Other items, net(0.1)4.6 (0.7)9.7 
Other charges (income), net$304.7 $244.6 $370.0 $272.5 
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.
India held for sale business
In July 2025, the Board of Directors approved a plan to divest the Company’s commercial business in India in response to ongoing challenges in the country. In May 2026, the Company announced that it has signed a definitive agreement to sell the India commercial business to Crystal Crop Protection Limited for consideration of $252 million, subject to customary adjustments for cash, debt and working capital. The assets related to this business have been classified as held for sale since the third quarter of 2025. During the nine months ended September 30, 2026, we recorded an impairment charge of $57.1 million to record the assets at the estimated fair value, less costs to sell and we also incurred $13.0 million in charges for third party provider costs in connection with preparing the India business for sale. Refer to Note 1 for further details on the India held for sale business.
Impairment of intangible assets
During the third quarter of 2026, we experienced a decline in operating performance, revised our expectations regarding future operating results and cash flows, and considered the increased uncertainty associated with future forecasts. As a result of these factors and the commercial actions implemented during the quarter, we performed a test of our intangible assets for impairment. We recorded a $287.5 million impairment charge during the nine months ended September 30, 2026 in connection with the impairment test.