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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets 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 | 1.6 |  |  | — |  |  | 1.6 |
Balance, September 30, 2017 | $ | 500.3 |  |  | $ | — |  |  | $ | 500.3 |
We perform our goodwill and indefinite life intangible asset impairment tests at least annually. Our fiscal year 2017 annual goodwill and indefinite life intangible asset impairment test was performed during the three months ended September 30, 2017. As a result, we determined no goodwill impairment existed and that the fair value was substantially in excess of the carrying value for each of our goodwill reporting units. Our intangible assets, other than goodwill, consist of the following:
| September 30, 2017 |  | December 31, 2016
(in Millions) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization (finite-lived)
Customer relationships | $ | 394.2 |  |  | $ | (61.5 | ) |  | $ | 332.7 |  |  | $ | 356.9 |  |  | $ | (43.7 | ) |  | $ | 313.2 |
Patents | 2.5 |  |  | (0.9 | ) |  | 1.6 |  |  | 2.2 |  |  | (0.4 | ) |  | 1.8 |
Brands (1) | 15.4 |  |  | (5.9 | ) |  | 9.5 |  |  | 13.6 |  |  | (4.7 | ) |  | 8.9 |
Purchased and licensed technologies | 57.0 |  |  | (28.1 | ) |  | 28.9 |  |  | 60.3 |  |  | (30.1 | ) |  | 30.2 |
Other intangibles | 2.9 |  |  | (2.0 | ) |  | 0.9 |  |  | 2.9 |  |  | (1.9 | ) |  | 1.0 |
| $ | 472.0 |  |  | $ | (98.4 | ) |  | $ | 373.6 |  |  | $ | 435.9 |  |  | $ | (80.8 | ) |  | $ | 355.1 |
Intangible assets not subject to amortization (indefinite-lived)
Brands (1) (2) | $ | 402.3 |  |  |  |  | $ | 402.3 |  |  | $ | 363.4 |  |  |  |  | $ | 363.4 |
In-process research & development (3) | 0.7 |  |  |  |  | 0.7 |  |  | 1.4 |  |  |  |  | 1.4 |
| $ | 403.0 |  |  |  |  | $ | 403.0 |  |  | $ | 364.8 |  |  |  |  | $ | 364.8 |
Total intangible assets | $ | 875.0 |  |  | $ | (98.4 | ) |  | $ | 776.6 |  |  | $ | 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 for which the fair value was substantially in excess of the carrying value. During the third quarter of 2017, we recorded a $1.3 million impairment charge in our generic brand portfolio which is part of the FMC Agricultural Solutions segment. The carrying value of the generic portfolio subsequent to the charge was approximately $4.3 million.
(3) | During the third quarter of 2017, we identified a project within the in-process research & development that was terminated. As a result, we wrote down the carrying value of the in-process research & development by $0.9 million.
At September 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 | $ | 372.6 |  |  | $ | 403.0 |
FMC Lithium | 1.0 |  |  | — |
Total | $ | 373.6 |  |  | $ | 403.0 |
| Three Months Ended September 30 |  | Nine Months Ended September 30
(in Millions) | 2017 |  | 2016 |  | 2017 |  | 2016
Amortization expense | $ | 5.6 |  |  | $ | 6.4 |  |  | $ | 15.9 |  |  | $ | 18.4 |
The full year estimated pre-tax amortization expense for each of the five years ending December 31, 2017 to 2021 is $22.1 million, $22.0 million, $21.8 million, $21.7 million and $20.8 million, respectively.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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