PART II  NOTE 17 Financial Instruments, Risk Management and Fair Value Measurements The following tables present our fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis during the  years ended December 31, 2010 and 2009. (1) We recorded charges of $69.4 million related to Huelva facility shutdown and $2.2 million for the write-off of certain other assets in our Industrial Chemicals segment during the year  ended December 31, 2010. We recorded charges to write down the value of these long-lived assets to their salvage value of $6.0 million. The majority of the long-lived assets have a  fair value of zero as they have no future use and are anticipated to be demolished. The loss noted in the above table represents the accelerated depreciation of these assets recorded during  the period. See Note 7 for additional details of the charges incurred for the twelve months ended December 31, 2010. (2) In connection with the Huelva facility shutdown during the twelve months ended December 31, 2010 we accelerated the estimated settlement date associated with the asset retirement  obligations at this facility and as a result recorded an increase to the obligation in the amount of $28.8 million. We estimated the fair value of the asset retirement obligations based  on engineering estimates provided by experienced engineers who have dealt with the retirement of and disposal of contaminated equipment, instruments and hazardous chemicals. The  associated asset retirement obligations are capitalized as part of the carrying amount of related long-lived assets and this capitalized cost is depreciated on an accelerated basis over the  remaining phase-out period of the expected facility operation. (3) In connection with the Alginates restructuring discussed in Note 7, we recorded liabilities in the amount of $5.0 million during the year ended December 31, 2010, related to the  accrual of costs associated with leased properties which we have ceased using. Also, in connection with the Huelva facility shutdown noted above, we recorded liabilities in the amount  of $41.0 million mainly related to severance costs and contract termination fees. (1) We initiated multiple facility phase-outs during the twelve months ended December 31, 2009 — primarily the Barcelona facility, the Santa Clara facility, and the Bayport and  Bromborough Lithium facilities. In connection with the phase-outs, we recorded charges to write down the value of the related long-lived assets to be abandoned to their fair value of  zero as the long-lived assets have no future use and are anticipated to be demolished. The loss noted in the above table represents the accelerated depreciation of these assets recorded  during the period. See Note 7 for additional details of the charges incurred during the twelve months ended December 31, 2009. (2) As part of the acquisitions in our Agricultural Products segment as discussed in Note 3, we are required to recognize the assets acquired, liabilities assumed and contingent consideration  at their fair values on the acquisition date. The level 3 assets identified above represent various acquired intangible assets that were valued using various forms of the income valuation  approach. The valuation inputs included an estimate of future cash flows and discount rates based on the internal rate of return and the weighted average rate of return. The level 3  liabilities identified above represent the fair value of contingent consideration incurred as part of the acquisition. (3) In connection with the facility phase-outs during the twelve months ended December 31, 2009 — primarily the Barcelona facility, the Santa Clara facility and the Bayport and  Bromborough Lithium facilities - we accelerated the estimated settlement dates associated with the asset retirement obligations at these facilities and as a result recorded an increase to  these obligations in the amount of $12.2 million. We estimated the fair value of the asset retirement obligations based on engineering estimates provided by experienced engineers who  have dealt with the retirement of and disposal of contaminated equipment, instruments and hazardous chemicals. The associated asset retirement obligations are capitalized as part of  the carrying amount of related long-lived assets and this capitalized cost is depreciated on an accelerated basis over the remaining phase-out period of the expected facility operation. (4) In connection with the facility phase-outs noted above, we recorded liabilities in the amount of $24.5 million related to severance costs and contract termination fees. (in Millions) Year Ended  12/31/2009 Quoted Prices  in Active Markets  for Identical Assets  (Level 1) Signifi cant Other  Observable Inputs  (Level 2) Signifi cant  Unobservable Inputs  (Level 3) Total Gains (Losses)  (Year Ended  December 31, 2009) ASSETS Long-lived assets to be abandoned  (1) $— $— $— $— $(32.2) Assets acquired through  acquisitions  (2) 33.9 — 1.5 32.4 — TOTAL ASSETS $33.9 $— $1.5 $32.4 $(32.2) LIABILITIES Asset retirement obligations  (3) $12.2 $— $— $12.2 $— Liabilities associated  with acquisitions  (2) 1.0 1.0 Liabilities associated  with exit activities  (4) 24.5 — 24.5 — (18.1) TOTAL LIABILITIES $37.7 $— $24.5 $13.2 $(18.1) (in Millions) Year Ended  12/31/2010 Quoted Prices  in Active Markets  for Identical Assets  (Level 1) Signifi cant Other  Observable Inputs  (Level 2) Signifi cant  Unobservable Inputs  (Level 3) Total Gains (Losses)  (Year Ended  December 31, 2010) ASSETS Long-lived assets to be abandoned  (1) $6.0 $— $— $6.0 $(71.6) TOTAL ASSETS $6.0 $— $— $6.0 $(71.6) LIABILITIES Asset retirement obligations  (2) $28.8 $— $— $28.8 $— Liabilities associated  with exit activities  (3) 46.0 — 46.0 — (46.0) TOTAL LIABILITIES $74.8 $— $46.0 $28.8 $(46.0) 67 FMC CORPORATION    2010 Form 10K