Part II  iteM 7 Management’s Discussion and analysis of Financial Condition and results of operations Specialty Chemicals Discontinued operations, net of income tax Net income attributable to FMC stockholders year ended December 31, 2009  compared to December 31, 2008 Segment results Agricultural Products Industrial Chemicals 25 FMC Corporation    2010 Form 10K Segment operating profit of $289.0 million was 18 percent higher  than the prior year, driven by growth from new products, particularly  in North America and Brazil, better second half market conditions in  Brazil, higher selling prices in most regions, continued global supply  chain productivity improvements, the benefit of indirect tax recoveries  in Brazil, lower raw material costs and lower selling and administrative  expenses. Our discontinued operations represent adjustments to retained liabilities  primarily related to operations discontinued between 1976 and 2001.  The primary liabilities retained include environmental liabilities,  other post-retirement benefit liabilities, self-insurance and long-term  obligations related to legal proceedings. Discontinued operations, net of income tax totaled a loss of $33.6 million  in 2010 versus a loss of $18.2 million in 2009. The 2010 loss is primarily  related to environmental charges associated with our Middleport site  and operating and maintenance activities partially offset by recoveries.  The 2010 loss also includes charges for legal reserves and expenses  related to discontinued operations. The 2009 loss is primarily related to  environmental charges associated with our Front Royal and Middleport  sites and operating and maintenance activities partially offset by recoveries  related to our Front Royal site. The 2009 loss also includes charges for  legal reserves and expenses related to discontinued operations. Specialty Chemicals revenue of $753.1 million decreased one percent  versus the prior year period. The decrease was driven primarily by  lower volumes across the Lithium business mostly offset by higher  selling prices and a full year of revenue related to the acquisitions in  the mid-third quarter of 2008 in BioPolymer. Net income attributable to FMC stockholders decreased to $172.5 million  in 2010 compared with $228.5 million in 2009. The decrease was  primarily due to higher restructuring and other charges (income)  and increased corporate expenses, interest expense, income taxes and  environmental charges. Partially offsetting these decreases were higher  profits across all segments. BioPolymer revenues increased to $579.2 million which is eight percent  higher than prior year. This change was due to the benefit of a full year  of revenue related to the acquisitions in the mid-third quarter of 2008  which increased revenue by ten percent. Improved pricing and mix  increased revenue by an additional five percent. These benefits were  partially offset by volume declines of approximately three percent and  the impact of a weaker euro. In the following discussion, “year” refers to the year ended  December 31, 2009 and “prior year” refers to the year ended  December 31, 2008. Additionally, in the discussion below, please  refer to our chart on page 20 under “Overview”. All comparisons are  between the periods unless otherwise noted. Lithium revenues of $173.9 million declined 24 percent from the prior  year primarily due to weak demand across the business. Segment operating profit of $159.6 million was five percent higher  than the prior year as favorable commercial performance in BioPolymer,  the benefits of acquisitions in Biopolymer, productivity initiatives and  a recovery of export taxes in Argentina were partially offset by lower  lithium volumes, temporary plant curtailments to reduce inventories  and unfavorable currency translation. Industrial Chemicals revenue of $1,026.7 million decreased 21 percent  versus the prior year period due primarily to volume declines across  the segment. These volume declines reduced segment revenues by  approximately 15 percent, while pricing remained flat, despite a  significant year-over-year reduction in pricing for phosphates. The  remaining decline of approximately six percent was driven primarily  by unfavorable currency impacts and reduced freight billings in line  with the volume declines noted above. Soda ash revenues were down  on lower volumes, with pricing improvements partially offsetting these  unfavorable impacts. Foret revenues were down on lower volumes and  pricing, particularly for phosphates and an unfavorable euro. Finally,  North American Peroxygens revenue decreased primarily due to volume  declines, partially offset by pricing improvements. Revenue of $1,051.6 million was one percent lower than the prior year  period as sales gains in North America, Latin America (which is primarily  Brazil) and non-crop markets and generally higher pricing across the  entire business were more than fully offset by lower sales in Europe and  Asia, which also included unfavorable currency impacts in these two  regions. North American revenues of $218.7 million increased three  percent on new product introductions, price increases and sales from  the CB Professional Products line acquisition. Revenues in Europe,  Middle East and Africa of $146.4 million declined 11 percent due to  weaker markets and unfavorable currency impacts. In Latin America,  revenues increased two percent to $506.8 million primarily due to  improved second half market conditions in Brazil, partially offset by  unfavorable currency impacts. In Asia, revenues declined two percent  to $166.6 million due mainly to unfavorable weather conditions, weak  pest pressures and unfavorable currency impacts. Segment operating profit of $89.7 million was 55 percent lower than  the prior period, driven by lower volumes across the segment. (in Millions) Year Ended December 31, Increase/(Decrease) 2009 2008 $ % Revenue $1,026.7 $1,296.9 $(270.2) (21)% Operating Profit 89.7 201.4 (111.7) (55) (in Millions) Year Ended December 31, Increase/(Decrease) 2009 2008 $ % Revenue $1,051.6 $1,058.7 $(7.1) (1)% Operating Profit 289.0 245.2 43.8 18 (in Millions) Year Ended December 31, Increase/(Decrease) 2009 2008 $ % Revenue $753.1 $764.5 $(11.4) (1)% Operating Profit 159.6 152.0 7.6 5