PART II  NOTE 6 Property, Plant and Equipment NOTE 4  Goodwill and Intangible Assets The changes in the carrying amount of goodwill by business segment for the years ended December 31, 2010 and December 31, 2009 are  presented in the table below: (in Millions) Agricultural Products Specialty Chemicals Industrial Chemicals Total Balance, December 31, 2008 $2.7 $193.7 $0.6 $197.0 Acquisitions 0.1 — — 0.1 Purchase Price Allocation Adjustments (See Note 3) — 8.4 — 8.4 Foreign Currency Adjustments — 4.0 — 4.0 Balance, December 31, 2009 $2.8 $206.1 $0.6 $209.5 Foreign Currency Adjustments — (15.1) — (15.1) Balance, December 31, 2010 $2.8 $191.0 $0.6 $194.4 Products, $18.5 million in Specialty Chemicals and $0.9 million in  Industrial Chemicals. Definite life intangible assets consist primarily of  patents, customer relationships, access and registration rights, industry  licenses, developed formulations and other intangibles and are included  in “Other assets” in the consolidated balance sheets. The decrease in  defi nite life intangibles during the year ended December 31, 2010,  was primarily due to foreign currency translation partially off set by  the acquisition of registration rights for a herbicide in our Agricultural  Products segment. Amortization was not significant in the periods  presented. The estimated amortization expense for each of the fi ve years  ended December 31, 2011 to 2015 is also not signifi cant. Acquisitions for the year ended December 31, 2009, related to the  CB Professional Products acquisition, which is described in Note 3. Our indefinite life intangible assets totaled $2.4 million at  December 31, 2010 and 2009, respectively. Th  e indefinite life intangible  assets consist of trade names in our Agricultural Products segment.  This amount is included within “other assets” in the consolidated  balance sheets. Our net definite life intangible assets totaled $51.6 million and  $55.1 million at December 31, 2010 and 2009, respectively. At  December 31, 2010, these definite life intangibles were allocated  among our business segments as follows: $32.2 million in Agricultural  of 2010 purchases. Approximately 38 percent of inventories in 2010  and approximately 36 percent of inventories in 2009 are recorded on  the LIFO basis. In 2010 and 2009, approximately 62 percent and 64  percent, respectively, of inventories are determined on a FIFO basis. Inventories consisted of the following: The current replacement cost of inventories exceeded their recorded  values by $154.9 million at December 31, 2010 and $165.3 million at  December 31, 2009 resulting in a LIFO gain recorded in “Cost of sales  and services” within the consolidated statements of income. During  2010, inventory balances were reduced in the U.S. due to liquidation  of inventory quantities carried at lower costs as compared with the cost  NOTE 5 Inventories NOTE 6  Property, Plant and Equipment Property, plant and equipment consisted of the following: (in Millions) December 31, 2010 2009 Land and land improvements $142.7 $140.9 Mineral rights 31.4 31.4 Buildings 366.0 349.9 Machinery and equipment 2,153.5 2,132.9 Construction in progress 83.6 94.7 Total cost 2,777.2 2,749.8 Accumulated depreciation 1,858.7 1,785.3 Property, plant and equipment, net $918.5 $964.5 (in Millions) December 31, 2010 2009 Finished goods and work in process $225.6 $214.6 Raw materials 122.2 135.9 NET INVENTORY $347.8 $350.5 Depreciation expense was $109.4 million, $108.4 million, and $106.1 million in 2010, 2009 and 2008, respectively. 45 FMC CORPORATION    2010 Form 10K