Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

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, 2017	$	1,198.9	$	—	$	1,198.9
Purchase price allocation adjustments (See Note 4)	43.8		—		43.8
Foreign currency and other adjustments	0.1		—		0.1
Balance, March 31, 2018	$	1,242.8	$	—	$	1,242.8

Schedule of finite-lived intangible assets

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

	March 31, 2018							December 31, 2017
(in Millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	1,173.6	$	(88.3	)	$	1,085.3	$	1,122.5	$	(73.3	)	$	1,049.2
Patents	2.0		(0.6		)	1.4		2.0		(0.6		)	1.4
Brands (1)	16.3		(6.6		)	9.7		15.7		(6.2		)	9.5
Purchased and licensed technologies	58.0		(30.2		)	27.8		57.3		(28.9		)	28.4
Other intangibles	2.9		(2.1		)	0.8		2.9		(2.0		)	0.9
	$	1,252.8	$	(127.8	)	$	1,125.0	$	1,200.4	$	(111.0	)	$	1,089.4

Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (1)(2)	$	1,258.5				$	1,258.5	$	1,136.1				$	1,136.1
Brands (1) (3)	421.0					421.0		405.6					405.6
In-process research & development	0.7					0.7		0.7					0.7
	$	1,680.2				$	1,680.2	$	1,542.4				$	1,542.4
Total intangible assets	$	2,933.0	$	(127.8	)	$	2,805.2	$	2,742.8	$	(111.0	)	$	2,631.8

____________________ 

(1) Represents trademarks, trade names and know-how.

(2) Represents the proprietary brand portfolios, consisting of trademarks, trade names and know-how, acquired from the DuPont Crop Protection Business Acquisition.

(3) The majority of the Brands relate to our proprietary brand portfolios acquired from the Cheminova acquisition.

Schedule of indefinite-lived intangible assets

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

	March 31, 2018							December 31, 2017
(in Millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets subject to amortization (finite-lived)
Customer relationships	$	1,173.6	$	(88.3	)	$	1,085.3	$	1,122.5	$	(73.3	)	$	1,049.2
Patents	2.0		(0.6		)	1.4		2.0		(0.6		)	1.4
Brands (1)	16.3		(6.6		)	9.7		15.7		(6.2		)	9.5
Purchased and licensed technologies	58.0		(30.2		)	27.8		57.3		(28.9		)	28.4
Other intangibles	2.9		(2.1		)	0.8		2.9		(2.0		)	0.9
	$	1,252.8	$	(127.8	)	$	1,125.0	$	1,200.4	$	(111.0	)	$	1,089.4

Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (1)(2)	$	1,258.5				$	1,258.5	$	1,136.1				$	1,136.1
Brands (1) (3)	421.0					421.0		405.6					405.6
In-process research & development	0.7					0.7		0.7					0.7
	$	1,680.2				$	1,680.2	$	1,542.4				$	1,542.4
Total intangible assets	$	2,933.0	$	(127.8	)	$	2,805.2	$	2,742.8	$	(111.0	)	$	2,631.8

____________________ 

(1) Represents trademarks, trade names and know-how.

(2) Represents the proprietary brand portfolios, consisting of trademarks, trade names and know-how, acquired from the DuPont Crop Protection Business Acquisition.

(3) The majority of the Brands relate to our proprietary brand portfolios acquired from the Cheminova acquisition.

Schedule of intangible assets by segment

At March 31, 2018, the finite-lived and indefinite-lived intangibles were allocated among our business segments as follows:

(in Millions)	Finite-lived		Indefinite-lived
FMC Agricultural Solutions	$	1,124.0	$	1,680.2
FMC Lithium	1.0		—
Total	$	1,125.0	$	1,680.2

Schedule of finite-lived intangible assets amortization expense

	Three Months Ended March 31,
(in Millions)	2018		2017
Amortization expense	$	13.5	$	5.1