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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 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
1.6

 
—

 
1.6

Balance, September 30, 2017
$
500.3

 
$
—

 
$
500.3
Schedule of Finite-Lived Intangible Assets
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.
Schedule of Indefinite-lived Intangible Assets
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.
Schedule of Intangible Assets by Segment
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
Schedule of Finite-lived Intangible Assets Amortization Expense
 
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