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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2016
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 Health and Nutrition
 
FMC Lithium
 
Total
Balance, December 31, 2015
$
479.5

 
$
296.6

 
$

 
$
776.1

Acquisitions

 

 

 

  Purchase price allocation adjustments (See Note 3)
20.4

 

 

 
20.4

Foreign currency adjustments

 
(1.5
)
 

 
(1.5
)
Balance, June 30, 2016
$
499.9

 
$
295.1

 
$

 
$
795.0

Schedule of Finite-Lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
 
June 30, 2016
 
December 31, 2015
(in Millions)
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets subject to amortization (finite-lived)
Customer relationships
$
449.6

 
$
(52.0
)
 
$
397.6

 
$
435.5

 
$
(40.8
)
 
$
394.7

Patents
2.2

 
(0.4
)
 
1.8

 
2.2

 
(0.3
)
 
1.9

Brands (1)
15.4

 
(4.5
)
 
10.9

 
14.2

 
(2.7
)
 
11.5

Purchased and licensed technologies
71.3

 
(31.8
)
 
39.5

 
71.0

 
(29.5
)
 
41.5

Other intangibles
3.2

 
(2.3
)
 
0.9

 
3.5

 
(2.2
)
 
1.3

 
$
541.7

 
$
(91.0
)
 
$
450.7

 
$
526.4

 
$
(75.5
)
 
$
450.9


Intangible assets not subject to amortization (indefinite life)
Brands (1)
$
399.5

 
 
 
$
399.5

 
$
384.7

 
 
 
$
384.7

In-process research & development
1.5

 
 
 
1.5

 
1.4

 
 
 
1.4

 
$
401.0

 
 
 
$
401.0

 
$
386.1

 
 
 
$
386.1

Total intangible assets
$
942.7

 
$
(91.0
)
 
$
851.7

 
$
912.5

 
$
(75.5
)
 
$
837.0

(1)
Represents trademarks, trade names and know-how.
Schedule of Indefinite-lived Intangible Assets
Our intangible assets, other than goodwill, consist of the following:
 
June 30, 2016
 
December 31, 2015
(in Millions)
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets subject to amortization (finite-lived)
Customer relationships
$
449.6

 
$
(52.0
)
 
$
397.6

 
$
435.5

 
$
(40.8
)
 
$
394.7

Patents
2.2

 
(0.4
)
 
1.8

 
2.2

 
(0.3
)
 
1.9

Brands (1)
15.4

 
(4.5
)
 
10.9

 
14.2

 
(2.7
)
 
11.5

Purchased and licensed technologies
71.3

 
(31.8
)
 
39.5

 
71.0

 
(29.5
)
 
41.5

Other intangibles
3.2

 
(2.3
)
 
0.9

 
3.5

 
(2.2
)
 
1.3

 
$
541.7

 
$
(91.0
)
 
$
450.7

 
$
526.4

 
$
(75.5
)
 
$
450.9


Intangible assets not subject to amortization (indefinite life)
Brands (1)
$
399.5

 
 
 
$
399.5

 
$
384.7

 
 
 
$
384.7

In-process research & development
1.5

 
 
 
1.5

 
1.4

 
 
 
1.4

 
$
401.0

 
 
 
$
401.0

 
$
386.1

 
 
 
$
386.1

Total intangible assets
$
942.7

 
$
(91.0
)
 
$
851.7

 
$
912.5

 
$
(75.5
)
 
$
837.0

(1)
Represents trademarks, trade names and know-how.
Schedule of Intangible Assets by Segment
At June 30, 2016, the finite-lived and indefinite life intangibles were allocated among our business segments as follows:
(in Millions)
Finite-lived
 
Indefinite Life
FMC Agricultural Solutions
$
384.5

 
$
385.7

FMC Health and Nutrition
65.2

 
15.3

FMC Lithium
1.0

 

Total
$
450.7

 
$
401.0

Schedule of Finite-lived Intangible Assets Amortization Expense
 
Three Months Ended June 30
 
Six Months Ended June 30
(in Millions)
2016
 
2015
 
2016
 
2015
Amortization expense
$
7.3

 
$
5.5

 
$
14.5

 
$
8.1