Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by business segment for the years ended December 31, 2013 and 2012, are presented in the table below:



(in Millions)	FMC Agricultural Solutions			FMC Health and Nutrition		FMC Minerals		Total
Balance, December 31, 2011	$	12.4		$	197.0	$	—	209.4
Acquisitions	19.5			42.9		—		62.4
Foreign currency adjustments	0.2			6.3		—		6.5
Purchase price allocation adjustments (See Note 3)	(1.1		)	0.4		—		(0.7	)
Balance, December 31, 2012	$	31.0		$	246.6	$	—	277.6
Acquisitions	—			99.4		—		99.4
Foreign currency adjustments	—			12.4		—		12.4
Balance, December 31, 2013	$	31.0		$	358.4	$	—	389.4

Our intangible assets, other than goodwill, consist of the following:



		December 31, 2013							December 31, 2012
(in Millions)	Weighted avg. useful life at December 31, 2013	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	19 years	$	159.3	$	(15.2	)	$	144.1	$	126.6	$	(8.1	)	$	118.5
Patents	12 years	0.4		—			0.4		0.4		—			0.4
Trademarks and trade names	3 years	1.3		(0.4		)	0.9		1.2		(0.1		)	1.1
Purchased and licensed technologies	11 years	75.6		(19.3		)	56.3		59.1		(14.0		)	45.1
Other intangibles	12 years	4.3		(2.8		)	1.5		4.1		(1.9		)	2.2
		$	240.9	$	(37.7	)	$	203.2	$	191.4	$	(24.1	)	$	167.3



Intangible assets not subject to amortization (indefinite life)
Trademarks and trade names	$	67.0				$	67.0	$	36.3				$	36.3
In-process research & development	2.1					2.1		2.1					2.1
	$	69.1				$	69.1	$	38.4				$	38.4
Total intangible assets	$	310.0	$	(37.7	)	$	272.3	$	229.8	$	(24.1	)	$	205.7

The increase in both finite-lived and indefinite life intangible assets during the year ended December 31, 2013 was primarily due to the acquisitions completed during 2013 as further described in Note 3.

At December 31, 2013, the finite-lived and indefinite life intangibles were allocated among our business segments as follows:



(in Millions)	Finite-lived		Indefinite life
FMC Agricultural Solutions	$	107.4	$	35.2
FMC Health and Nutrition	94.6		33.9
FMC Minerals	1.2		—
Total	$	203.2	$	69.1

Amortization related to intangible assets was not significant in the periods presented. The estimated pre-tax amortization expense for each of the five years ended December 31, 2014 to 2018 is $14.3 million, $14.1 million, $12.7 million, $12.3 million and $12.1 million, respectively.

- 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.

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