Chairman's - FMC Corporation

FMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Compensating Balance Agreements
We maintain informal credit arrangements in many foreign countries. Foreign lines of credit, which include
overdraft facilities, typically do not require the maintenance of compensating balances, as credit extension is not
guaranteed but is subject to the availability of funds.
2009 Senior Notes Offering
On November 30, 2009, we issued $300 million aggregate principal amount of 5.20% Senior Notes due
2019. The net proceeds from the offering were used to pay down existing indebtedness under our revolving credit
agreements and for general corporate purposes.
2007 Domestic Credit Agreement Refinancing
On August 28, 2007, we executed a credit agreement (“the Domestic Credit Agreement”) which provided
for a five-year, $600 million revolving credit facility. In connection with entering into this agreement, we wrote
off $0.3 million of deferred financing fees associated with our previous credit agreement. These fees were
previously a component of “Other assets” in our consolidated balance sheet and were recorded as “Loss on
extinguishment of debt” in the consolidated statements of income for the year ended December 31, 2007.
NOTE 13: PENSIONS AND OTHER POSTRETIREMENT BENEFITS
The funded status of our U.S. qualified and nonqualified defined benefit pension plans, our United
Kingdom, Ireland and Norway defined benefit pension plans, plus our U.S. other postretirement healthcare and
life insurance benefit plans for continuing operations, together with the associated balances and net periodic
benefit cost recognized in our consolidated financial statements as of December 31, are shown in the tables
below.
We are required to recognize in our consolidated balance sheets the overfunded and underfunded status of
our defined benefit postretirement plans. The overfunded or underfunded status is defined as the difference
between the fair value of plan assets and the projected benefit obligation. We are also required to recognize as a
component of other comprehensive income the actuarial gains and losses and the prior service costs and credits
that arise during the period.
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