FMC CORP Goodwill & Intangibles Disclosure
| (in Millions) | Total | ||||
| Balance, December 31, 2023 | $ | 1,593.6 | |||
GSS divestiture allocation (See Note 1.) | (71.1) | ||||
| Foreign currency and other adjustments | (15.5) | ||||
| Balance, December 31, 2024 | $ | 1,507.0 | |||
India held for sale (See Note 1.) | (163.1) | ||||
GSS divestiture allocation (See Note 1.) | (5.9) | ||||
| Foreign currency and other adjustments | 18.2 | ||||
| Write-off of goodwill | (1,356.2) | ||||
| Balance, December 31, 2025 | $ | — | |||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||||||||||||||||
| (in Millions) | Weighted avg. useful life remaining at December 31, 2024 | Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |||||||||||||||||||||||||||||||
| Intangible assets subject to amortization (finite life) | ||||||||||||||||||||||||||||||||||||||
| Customer relationships | 11 years | $ | 1,155.4 | $ | (534.8) | $ | 620.6 | $ | 1,117.5 | $ | (458.9) | $ | 658.6 | |||||||||||||||||||||||||
| Patents | 8 years | 0.6 | (0.6) | — | 1.7 | (1.7) | — | |||||||||||||||||||||||||||||||
Brands (1) | 6 years | 68.2 | (29.1) | 39.1 | 48.3 | (19.2) | 29.1 | |||||||||||||||||||||||||||||||
| Purchased and licensed technologies | 12 years | 136.8 | (57.9) | 78.9 | 125.5 | (48.2) | 77.3 | |||||||||||||||||||||||||||||||
| Other intangibles | 6 years | 2.4 | (1.9) | 0.5 | 2.3 | (1.8) | 0.5 | |||||||||||||||||||||||||||||||
| $ | 1,363.4 | $ | (624.3) | $ | 739.1 | $ | 1,295.3 | $ | (529.8) | $ | 765.5 | |||||||||||||||||||||||||||
| Intangible assets not subject to amortization (indefinite life) | ||||||||||||||||||||||||||||||||||||||
Crop Protection Brands (2) | $ | 1,241.3 | $ | 1,241.3 | $ | 1,259.0 | $ | 1,259.0 | ||||||||||||||||||||||||||||||
Brands (1) | 369.3 | 369.3 | 325.6 | 325.6 | ||||||||||||||||||||||||||||||||||
| In-process research and development | 12.1 | 12.1 | 10.6 | 10.6 | ||||||||||||||||||||||||||||||||||
| $ | 1,622.7 | $ | 1,622.7 | $ | 1,595.2 | $ | 1,595.2 | |||||||||||||||||||||||||||||||
| Total intangible assets | $ | 2,986.1 | $ | (624.3) | $ | 2,361.8 | $ | 2,890.5 | $ | (529.8) | $ | 2,360.7 | ||||||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| (in Millions) | 2025 | 2024 | 2023 | ||||||||||||||
| Amortization expense | $ | 73.0 | $ | 65.5 | $ | 64.3 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 26, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.