XML 43 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Business Segment
The changes in the carrying amount of goodwill by business segment are presented in the table below:
(in Millions)
FMC Agricultural
Solutions
 
FMC Lithium
 
Total
Balance, December 31, 2016
$
498.7

 
$

 
$
498.7

Acquisitions

 

 

Foreign currency adjustments
2.3

 

 
2.3

Balance, June 30, 2017
$
501.0

 
$

 
$
501.0

Schedule of Finite-Lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
 
June 30, 2017
 
December 31, 2016
(in Millions)
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets subject to amortization (finite-lived)
Customer relationships
$
383.5

 
$
(55.6
)
 
$
327.9

 
$
356.9

 
$
(43.7
)
 
$
313.2

Patents
2.0

 
(0.5
)
 
1.5

 
2.2

 
(0.4
)
 
1.8

Brands (1)
14.9

 
(5.5
)
 
9.4

 
13.6

 
(4.7
)
 
8.9

Purchased and licensed technologies
56.2

 
(26.7
)
 
29.5

 
60.3

 
(30.1
)
 
30.2

Other intangibles
3.2

 
(2.3
)
 
0.9

 
2.9

 
(1.9
)
 
1.0

 
$
459.8

 
$
(90.6
)
 
$
369.2

 
$
435.9

 
$
(80.8
)
 
$
355.1


Intangible assets not subject to amortization (indefinite-lived)
Brands (1) (2)
$
392.9

 
 
 
$
392.9

 
$
363.4

 
 
 
$
363.4

In-process research & development
1.5

 
 
 
1.5

 
1.4

 
 
 
1.4

 
$
394.4

 
 
 
$
394.4

 
$
364.8

 
 
 
$
364.8

Total intangible assets
$
854.2

 
$
(90.6
)
 
$
763.6

 
$
800.7

 
$
(80.8
)
 
$
719.9

____________________ 
(1)     Represents brand portfolios, trademarks, trade names and know-how.
(2)
The majority of the Brands intangible asset in the table above relates to our proprietary brand portfolio.

Schedule of Indefinite-lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
 
June 30, 2017
 
December 31, 2016
(in Millions)
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets subject to amortization (finite-lived)
Customer relationships
$
383.5

 
$
(55.6
)
 
$
327.9

 
$
356.9

 
$
(43.7
)
 
$
313.2

Patents
2.0

 
(0.5
)
 
1.5

 
2.2

 
(0.4
)
 
1.8

Brands (1)
14.9

 
(5.5
)
 
9.4

 
13.6

 
(4.7
)
 
8.9

Purchased and licensed technologies
56.2

 
(26.7
)
 
29.5

 
60.3

 
(30.1
)
 
30.2

Other intangibles
3.2

 
(2.3
)
 
0.9

 
2.9

 
(1.9
)
 
1.0

 
$
459.8

 
$
(90.6
)
 
$
369.2

 
$
435.9

 
$
(80.8
)
 
$
355.1


Intangible assets not subject to amortization (indefinite-lived)
Brands (1) (2)
$
392.9

 
 
 
$
392.9

 
$
363.4

 
 
 
$
363.4

In-process research & development
1.5

 
 
 
1.5

 
1.4

 
 
 
1.4

 
$
394.4

 
 
 
$
394.4

 
$
364.8

 
 
 
$
364.8

Total intangible assets
$
854.2

 
$
(90.6
)
 
$
763.6

 
$
800.7

 
$
(80.8
)
 
$
719.9

____________________ 
(1)     Represents brand portfolios, trademarks, trade names and know-how.
(2)
The majority of the Brands intangible asset in the table above relates to our proprietary brand portfolio.

Schedule of Intangible Assets by Segment
At June 30, 2017, the finite-lived and indefinite life intangibles were allocated among our business segments as follows:
(in Millions)
Finite-lived
 
Indefinite-lived
FMC Agricultural Solutions
$
368.2

 
$
394.4

FMC Lithium
1.0

 

Total
$
369.2

 
$
394.4

Schedule of Finite-lived Intangible Assets Amortization Expense
 
Three Months Ended June 30
 
Six Months Ended June 30
(in Millions)
2017
 
2016
 
2017
 
2016
Amortization expense
$
5.2

 
$
6.1

 
$
10.3

 
$
12.0