FMC CORP | 2013 | FY | 3


Goodwill and Intangible Assets
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.


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