Chairman's - FMC Corporation

FMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table presents the final purchase price allocation of our Specialty Chemical segment
acquisitions described above. During the year ended December 31, 2009, we finalized the purchase price
allocation of these acquisitions which resulted in an adjustment of $8.4 million to goodwill.
(in Millions)
Current Assets (primarily inventory) ............................................. $ 45.4
Property, Plant & Equipment ................................................... 16.2
Intangible Assets (primarily customer relationships) ................................ 17.4
Goodwill . .................................................................. 31.1
Deferred Tax Asset . .......................................................... 12.2
Total Assets Acquired ........................................................ $122.3
Current Liabilities ........................................................... 22.2
Long-Term Liabilities (primarily deferred tax liability) .............................. 3.0
Net Assets . ................................................................. $ 97.1
As of the acquisition dates, we began to assess and formulate plans to restructure the acquired entities.
These activities were accounted for in accordance with the then applicable accounting guidance related to
recognition of liabilities in connection with a purchase business combination. The estimated costs have been
recognized as liabilities in the purchase price allocations above. Refer to Note 7 for a rollforward of the
restructuring activities related to the Alginates operations.
The acquired intangible assets that are subject to amortization, primarily customer relationships, have a
weighted average useful life of 20 years. The $31.1 million of goodwill, most of which is deductible for income
tax purposes, is included in our Specialty Chemicals segment.
Pro forma revenue had the acquisitions of ISP and CoLiving occurred on January 1, 2007 and January 1,
2008, would have been $3,177.4 million and $2,714.7 million for the years ended December 31, 2008 and 2007,
respectively. This information is based on historical results of operations, and, in our opinion, is not necessarily
indicative of the results that would have been achieved had we operated the entities acquired since such dates.
Pro forma net income and earnings per share information related to these acquisitions are not presented because
the impact of these acquisitions on these measures in our consolidated statements of income is not significant.
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