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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): January 14, 1998
IMC Global Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9759 36-3492467
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2100 Sanders Road
Northbrook, Illinois 60062
(Address of principal executive offices) (Zip code)
(847) 272-9200
(Registrant's telephone number, including area code:)
Not Applicable
(Former name or former address,
if changed since last report.)
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ITEM 5. OTHER EVENTS.
The purpose of this Current Report on Form 8-K is to incorporate by
reference into the Registration Statements on Form S-3 (Nos. 333-27287 and
333-41713) of IMC Global Inc. the documents filed as exhibits hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS
Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges.
Exhibit 23.1 Consent of Independent Public Accountants.
Exhibit 23.2 Consent of Independent Auditors.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
IMC GLOBAL INC.
By: /s/ Marschall I. Smith
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Name: Marschall I. Smith
Title: Senior Vice President
and General Counsel
Date: January 15, 1998
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INDEX TO EXHIBITS
Exhibit No. Description
- ----------- ---------------------------------------------------------
12.1 Computation of Ratio of Earnings to Fixed Charges.
23.1 Consent of Independent Public Accountants.
23.2 Consent of Independent Public Auditors.
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Exhibit 12.1
IMC Global Inc.
Computation of Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
Three Months Nine Months Fiscal Year Ended June 30
Ended Ended
------------------------------ -----------------------------------------------------------------
Sep. 30, 1997 Sep. 30, 1997 1997 1996 1995 1994 1993
------------- ------------- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
Fixed Charges:
Interest charges $ 13.2 38.4 51.1 64.8 70.2 91.2 55.6
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Earnings:
Net earnings (loss) $ 26.7 150.8 193.1 144.3 180.9 19.2 (127.0)
Extraordinary charge -- 3.3 11.4 -- 6.5 25.2 2.0
Cumulative effect of
accounting change -- -- -- -- 5.9 -- 47.1
Provision (credit) for income
taxes 15.3 88.6 117.5 94.1 115.5 34.8 (39.1)
Minority interest 31.7 103.2 155.4 191.5 130.4 55.6 --
Interest charges 13.2 38.4 51.1 64.8 70.2 91.2 55.6
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Total earnings $ 86.9 384.3 528.5 494.7 509.4 226.0 (61.4)
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Ratio of earnings to fixed
charges 6.58 10.01 10.34 7.63 7.26 2.48 (1.10)
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Adjusted ratio of earnings
to fixed charges (1) 6.58 10.01 10.34 9.16 7.26 2.48 1.94
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</TABLE>
(1) The adjusted ratio of earnings to fixed charges for the fiscal year ended
June 30, 1996, excludes a charge of $98.6 million relating to the merger of
The Vigoro Corporation into a wholly owned subsidiary of the Company. The
adjusted ratio of earnings to fixed charges for the fiscal year ended
June 30, 1993 excludes a charge of $169.1 million relating to the settlement
of litigation resulting from a May 1991 explosion at a nitroparaffins plant
in Sterlington, Louisiana.
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Exhibit 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated January 21, 1997
incorporated by reference in Freeport-McMoRan Inc.'s Form 10-K for the year
ended December 31, 1996 and to all references to our Firm included in this
registration statement.
ARTHUR ANDERSEN LLP
New Orleans, Louisiana
January 14, 1998
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Exhibit 23.2
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the IMC Global Inc.
Prospectus dated January 9, 1998 and related Registration Statement
pertaining to the offering of securities covered by this Prospectus of our
report dated January 15, 1997, with respect to the financial statements of
IMC-Agrico Company [not presented separately therein] included in the Annual
Report (Form 10-K) of Freeport-McMoRan Inc. for the year ended December 31,
1996, as amended on Form 10-K/A.
ERNST & YOUNG LLP
Chicago, Illinois
January 15, 1998
