{\rtf1\deflang1033\deflangfe1033\margl720\margr720\margt360\margb360{\stylesheet{\fs20\lang1033\snext0 Normal;} {\s1\sb240\keepn{\*\pn \pnlvl1\pndec\pnprev1\pnstart1\pnsp144}\b\f0\fs30\lang1033 \sbasedon0\snext0 heading 1;} {\s2\sb200\keepn{\*\pn \pnlvl2\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs26\lang1033 \sbasedon0\snext0 heading 2;} {\s3\sb180\keepn{\*\pn \pnlvl3\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} {\s4\sb160\keepn{\*\pn \pnlvl4\pnucltr\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 4;} {\s5\sb140\keepn{\*\pn \pnlvl5\pncltr\pnprev1\pnstart1\pnsp144}\b\f0\fs20\lang1033 \sbasedon0\snext0 heading 5;} {\s6\tqc\lang1033\sbasedon0\snext6 footer;} {\*\cs16 \additive\super\sbasedon10 footnote reference;} {\*\cs18 \additive\sbasedon10 page number;}} {\fonttbl{\f0\fnil Times New Roman;}{\f1\fnil Courier New}{\f2005\fnil Courier New;}{\f2010\fnil Wingdings;}{\f2020\fnil Webdings;}{\f2\fnil Arial;}{\f3\fnil Arial;}{\f4\fnil LucidaHandwriting;}{\f5\fnil Symbol;}{\f6\fnil Symbol;}{\f7\fnil Ferdsch;}{\f30\fnil Myriad Cn Semibold;}{\f31\fnil Myriad Roman;}{\f50\fnil Courier New;}{\f51\fnil Times New Roman;}{\f52\fnil Arial;}{\f53\fnil Symbol;}{\f54\fnil Wingdings;}{\f55\fnil Wingdings 2;}{\f56\fnil Wingdings 3;}{\f57\fnil Webdings;}{\f58\fnil Arial Narrow;}{\f59\fnil Arial Unicode MS;}{\f60\fnil Cyberbit;}{\f61\fnil Morningstar 1U Light;}{\f62\fnil Calibri;}} {\colortbl;\red0\green0\blue0;\red127\green0\blue0;\red0\green0\blue255;\red127\green127\blue127;\red0\green51\blue153;\red255\green204\blue0;\red255\green255\blue255;\red246\green244\blue236;\red0\green0\blue0;} {\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES AND EXCHANGE COMMISSION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Washington, D. C. 20549 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM 11-K \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For the fiscal year ended .........December 31, 2001 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OR \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [ ] TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For the transition period from......... to.......... \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission file number.......................1-16489 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A. FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Full title of the Plan) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql B. FMC TECHNOLOGIES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 200 East Randolph Drive, Chicago, Illinois 60601 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Name and Address of Issuer) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SIGNATURES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Plan. Pursuant to the requirements of the Securities Exchange Act of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1934, FMC Technologies, Inc., as Plan Administrator, has duly caused this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql annual report to be signed on its behalf by the undersigned thereunto duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By /s/ Jeffrey W. Carr \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Jeffrey W. Carr \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President, General Counsel and Secretary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date: June 27, 2002 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TABLE OF CONTENTS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Page(s) \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Independent Auditors' Report .................................................... 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Financial Statements: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Statement of Net Assets Available for Benefits ............................. 2 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Statement of Changes in Net Assets Available for Benefits .................. 3 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Notes to Financial Statements .............................................. 4-9 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Schedule H, Line 4i - Schedule of Assets (Held at End of Year) .................. 10-11 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Exhibit Index ................................................................... 12 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Independent Auditors' Report \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Employee Welfare Benefits Plan \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Committee of FMC Technologies, Inc.: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We have audited the accompanying statement of net assets available for benefits \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the FMC Technologies, Inc. Savings and Investment Plan (the "Plan") as of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001, and the related statement of changes in net assets available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for benefits for the period September 28, 2001 to December 31, 2001. These \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql financial statements are the responsibility of the Plan's management. Our \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql responsibility is to express an opinion on these financial statements based on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql our audits. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We conducted our audits in accordance with auditing standards generally accepted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the United States of America. Those standards require that we plan and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql perform the audit to obtain reasonable assurance about whether the financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements are free of material misstatement. An audit includes examining, on a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql test basis, evidence supporting the amounts and disclosures in the financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements. An audit also includes assessing the accounting principles used and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql significant estimates made by management, as well as evaluating the overall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql financial statement presentation. We believe that our audit provides a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonable basis for our opinion. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In our opinion, the financial statements referred to above present fairly, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all material respects, the net assets available for benefits of the Plan as of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001, and the changes in net assets available for benefits for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql period September 28, 2001 to December 31, 2001 in conformity with accounting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principles generally accepted in the United States of America. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Our audit was performed for the purpose of forming an opinion on the basic \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql financial statements taken as a whole. The supplemental Schedule of Assets (Held \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at End of Year) is presented for the purpose of additional analysis and is not a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required part of the basic financial statements but is supplementary information \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required by the Department of Labor's Rules and Regulations for Reporting and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Disclosure under the Employee Retirement Income Security Act of 1974. This \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplemental schedule has been subjected to the auditing procedures applied in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the audits of the basic financial statements and, in our opinion, is fairly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stated in all material respects in relation to the basic financial statements \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql taken as a whole. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ KPMG LLP \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chicago, Illinois \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 26, 2002 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement of Net Assets Available for Benefits \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (In thousands) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Assets: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investments, at fair value $ 262,098 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receivables: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Participants' loans \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10,367 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net assets available for benefits $ 272,465 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ================= \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The accompanying notes are an integral part of these financial statements. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement of Changes in Net Assets Available for Benefits \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For the Period September 28, 2001 to December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (In thousands) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Additions: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net appreciation in fair value of investments $ 25,998 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Interest and dividend income 2,986 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net investment income 28,984 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Contributions - employees 3,541 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Contributions - employer 1,702 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total additions 34,227 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deductions: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Distributions to participants 4,985 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Administrative expenses 39 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total deductions 5,024 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net additions prior to transfers and other changes 29,203 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net transferred from FMC Corporation Plans (Notes 1 and 6) 243,262 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net additions 272,465 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net assets available for benefits, beginning of period - \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Net assets available for benefits, end of period $ 272,465 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ============ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The accompanying notes are an integral part of these financial statements. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notes to Financial Statements \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) Description of the Plan \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following description of the FMC Technologies, Inc. Savings and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investment Plan (the "Plan") provides only general information. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Participants should refer to the Plan text for a more complete \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql description of the Plan's provisions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Plan was adopted effective September 28, 2001 in conjunction with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the spin off from the FMC Corporation Savings and Investment Plan and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the FMC Corporation Savings and Investment Plan for Bargaining Unit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Employees (collectively, the "FMC Corporation Plans"). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) General \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Plan is a qualified salary-reduction plan under Section 401(k) of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Internal Revenue Code, which covers substantially all full-time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql employees of FMC Technologies, Inc. (the "Company") (other than \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql employees who generally reside or work outside of the United States). \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Such employees are eligible to participate in the Plan immediately upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql commencement of their employment with the Company. The Plan is subject \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the provisions of the Employee Retirement Income Security Act of 1974 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as amended ("ERISA"). The Plan is administered by the FMC Technologies, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Inc. Employee Welfare Benefits Plan Committee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Contributions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Participants may elect to have their annual compensation reduced by up \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to $10,500 ($11,000 beginning in 2002), subject to adjustments to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reflect changes in the cost of living, but not by more than 20% of their \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql total compensation in the aggregate. The aggregate amount of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reductions is contributed to the Plan trust on a pretax basis. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Participants may also elect to make after-tax contributions, either as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an alternative to pretax contributions, or in addition to the maximum \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pretax contributions of $10,500 ($11,000 beginning in 2002) (but not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql more than 20% of their total compensation in the aggregate). The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql makes matching contributions for all the active participants, except for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certain bargaining employees, ranging from 40% to 100% of the portion of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql those contributions not in excess of 5% of each participant's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compensation, regardless of the $10,500 ($11,000 beginning in 2002) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql limit on pretax contributions. At December 31, 2001, 4,466 current and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql former employees participated in the Plan. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) Trust and Record Keeping \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company and Fidelity Management Trust Company (the "Trustee") \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql established a trust (the "Trust") for investment purposes as part of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plan. The Trustee is also the Plan's record keeper. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) Investment options \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon enrollment in the Plan, a participant may direct his or her \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contributions in 1% increments with at least 2% directed to each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql investment option selected. Investment options include the following: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1) FMC Stock Fund - Funds are invested in common stock of FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Corporation. Effective December 31, 2001, this Fund is no longer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql available as an investment option for future investments. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2) MIP II Blend Fund - Funds are invested in investment contracts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offered by insurance companies and other approved financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql institutions. The selection of these contracts and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql administration of this fund is directed by the fund's investment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manager. For the year ended December 31, 2001, the effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql annual yield was approximately 8.02%. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3) Clipper Fund - Funds are invested in common stocks, which are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql considered undervalued by the fund manager, and in long-term \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bonds. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notes to Financial Statements \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4) Mutual Qualified Fund (Z) - Funds are invested primarily in common and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferred stocks, which are considered, undervalued by the fund \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manager. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5) Sequoia Fund - Fund investments are concentrated in a relatively small \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of mostly U. S. - headquartered companies with long-term growth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql potential. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6) Fidelity Puritan Fund - Funds are invested in high-yielding U.S. and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql foreign securities, including those in emerging markets. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7) Fidelity Magellan Fund - Funds are primarily invested in common stocks \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of domestic and foreign companies. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 8) Fidelity Blue Chip Growth Fund - Funds are invested primarily in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql common stocks of well-known and established companies. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9) Fidelity Low-Priced Stock Fund - Funds are heavily invested in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql undervalued stocks or out-of-favor stocks. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10) Fidelity Diversified International Fund - Funds are invested primarily \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in stocks of companies located outside the U. S. that are included in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Morgan Stanley EAFE Index. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11) Fidelity Retirement Government Money Market Portfolio - Funds are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql invested in short-term obligations of the U. S. Government or its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agencies. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12) Fidelity U. S. Equity Index Pool Fund - Funds are invested primarily \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in common stocks of the 500 companies that comprise the S&P 500. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 13) PIMCO Total Return Fund - Funds are invested primarily in U. S. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql government, corporate, mortgage and foreign bonds. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 14) MAS Mid Cap Growth Portfolio - Funds are invested primarily in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql equities of small to mid-sized companies that are growing rapidly and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are expected to grow and perform well. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 15) Fidelity Capital & Income Fund - Funds are invested in equity and debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities, including defaulted securities, with emphasis on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql lower-quality debt securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 16) Fidelity Freedom Funds - a series of asset allocation funds: Freedom \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Income Fund, Freedom 2000 Fund, Freedom 2010 Fund, Freedom 2020 Fund \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and Freedom 2030 Fund. Freedom 2040 Fund was added during the year. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql These target date funds are designed for investors who want a simple \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql approach to investing for retirement by investing in a collection of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other Fidelity mutual funds by targeting their retirement dates. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Freedom Income Fund, designed for those already in retirement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql emphasizes bond and money market mutual funds. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 17) FMCTI Stock Fund - Funds are invested in the common stock of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prior to December 31, 2001, all Company contributions to the Plan were \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql invested in the FMC Stock Fund for credit to the respective accounts of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql employees participating in the Plan. On December 31, 2001, the FMCTI Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fund was created as a result of the distribution of the Company's stock by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Corporation (Note 7). All future Company contributions to the Plan will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be invested by the Trustee in the FMCTI Stock Fund and will be credited to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the respective accounts of the employees participating in the \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notes to Financial Statements \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plan. While investments may generally be transferred between funds, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amounts contributed by the Company to the FMCTI Stock Fund are not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql eligible for fund transfer. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) Vesting \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Participants are immediately vested in their elective contributions plus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql actual earnings thereon. Vesting in the Company's contributions and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql related earnings is based on years of service. A participant is 100 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql percent vested after five years of service. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) Payment of Benefits \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon termination of service or attainment of age 59-1/2, any participant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may elect to immediately receive a lump sum distribution equal to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql vested interest of his or her account. Participants whose accounts are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql valued at an amount equal to or greater than $5,000 may, upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination, elect to defer their lump sum distribution or receive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql annual installments. If a participant is not fully vested in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's contributions to his or her account on the date of termination \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of his or her employment, the non-vested portion is forfeited. Such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql forfeitures are used to pay certain administrative expenses of the Plan \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and to reduce future Company contributions to the Plan. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (g) Expenses \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certain administrative expenses of the Plan are paid by the Trustee out \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the assets of the Plan and constitute a charge upon the respective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql investment funds or upon the individual participants' accounts. Certain \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other Plan sponsor expenses may be paid by the forfeitures balance. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (h) Withdrawals and Loans \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Plan allows participants to make hardship cash withdrawals (subject \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to income taxation and IRS penalties) of some or all of their vested \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql account balances. Eligible participants may also receive money from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plan in the form of loans. The minimum that may be borrowed is $1,000. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The maximum that may be borrowed is the lesser of $50,000, as adjusted, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or 50 percent of the participant's vested account balance. Loans, which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are secured by the participant's vested account balance, must be repaid \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql over not more than 60 months with interest at a reasonable rate as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determined by the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) Plan Termination \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Although it has not expressed any intent to do so, the Company has the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql right under the Plan to discontinue its contributions at any time and to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terminate the Plan subject to the provisions of the Plan and ERISA. In \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the event of plan termination, participants will become 100 percent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql vested in their account balances. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (j) Forfeited Accounts \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Forfeited accounts may be used to pay certain Plan administration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expenses. Any remaining balances in the forfeitures accounts may be used \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to reduce future employer contributions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) Summary of Significant Accounting Policies \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following are the significant accounting policies followed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plan: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) Basis of Accounting \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Plan's financial statements are prepared on the accrual basis of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accounting. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Investment Transactions and Income Recognition \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security transactions are recorded in the financial statements on a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql settlement-date basis, which does not \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notes to Financial Statements \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql differ materially from a trade-date basis. Dividends are recorded as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql earned on the record date. Interest is recorded as earned on the accrual \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql basis. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) Valuation of Investments \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Quoted or estimated market prices are used to value investments except \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for certain contracts with banks and insurance companies which guarantee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql repayment of principal with interest at a fixed or fixed minimum rate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for a specified period of time. These contracts are valued at contract \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql value, which approximates market value. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) Use of Estimates \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The preparation of financial statements in conformity with accounting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principles generally accepted in the United States of America requires \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the plan administrator to make estimates and assumptions that affect the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reported amounts of assets and liabilities and disclosure of contingent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assets and liabilities at the date of the financial statements and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reported amounts of revenue and expenses during the reporting period. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Actual results could differ from these estimates, but the plan \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql administrator does not believe such differences will materially affect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Plan's financial position or results of operations. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) Payment of Benefits \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Benefits are recorded when paid. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) Investments \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investments at fair value, which represent 5% or more of the Plan's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assets available for benefits, are separately identified below: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (in thousands) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Stock Fund $64,987 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMCTI Stock Fund 55,793 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MIP II Blend Fund 52,226 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Clipper Fund 14,940 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sequoia Fund 14,791 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Blue Chip Growth Fund 14,087 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notes to Financial Statements \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql During 2001, the Plan's investments (including investments bought, sold, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held during the year) appreciated (depreciated) as follows: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Period ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (in thousands) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Stock Fund $19,908 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Clipper Fund 543 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mutual Qualified Fund (Z) 46 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sequoia Fund 901 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Puritan Fund 236 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Magellan Fund 384 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Blue Chip Growth Fund 1,634 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Low-Priced Stock Fund 567 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Diversified International Fund 334 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity U. S. Equity Index Pool Fund 1,077 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MAS Mid Cap Growth Portfolio 346 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PIMCO Total Return Fund (74) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Capital & Income Fund 3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Freedom Income Fund 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Freedom 2000 Fund 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Freedom 2010 Fund 22 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Freedom 2020 Fund 36 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Freedom 2030 Fund 31 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fidelity Freedom 2040 Fund 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $25,998 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) Non-Participant Directed Investments \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Non-participant directed investments are composed of forfeited \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql non-vested balances that have not been allocated to participant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accounts. These accounts, totaling $54,000 at December 31, 2001 are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql invested in the MIP II Blend Fund. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Changes in the non-participant directed investments during 2001 were: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (in thousands) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Non-participant directed investments (beginning balance) $ - \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Non-vested forfeited accounts transferred from the FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Corporation Plans (Note 6) 25 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Non-vested forfeited accounts 29 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Interest income 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Forfeitures used to reduce company contributions - \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Forfeitures used for plan expenses (2) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Non-participant directed investments at December 31, 2001 $ 54 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 8 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notes to Financial Statements \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) Income Taxes \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company is preparing an application for favorable determination from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Internal Revenue Service that the Plan and related trust are designed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in accordance with the applicable sections of the Internal Revenue Code. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Plan administrator and the Plan's tax counsel believe that the Plan is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designed and is currently being operated in compliance with the applicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements of the Internal Revenue Code and that the related trust will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be exempt from income taxes. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company receives a Federal income tax deduction for its contributions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Plan. Participating employees are not subject currently to Federal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql income tax on their elective contributions, Company contributions, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appreciation in the Company's common stock, income, and other items \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql allocated to their individual accounts. Individual participants are taxed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on such items at the time of distribution from the Plan. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (6) Plan Merger and Asset Transfers \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql During 2001, the Company was spun off from its former parent, FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Corporation. In conjunction with the establishment of the Company, the net \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assets from the FMC Corporation Plans representing the values of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's employees' accounts at September 28, 2001, were transferred into \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Plan. In total, $232,666,000 in participant accounts was transferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from the FMC Corporation Plans, in addition to participant loans receivable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql totaling $10,596,000. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (7) FMC Corporation's Reorganization \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In October 2000, FMC Corporation announced its intention to reorganize its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Energy Systems and Food and Transportation Systems businesses as a new \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql company, FMC Technologies, Inc., and to sell up to 19.9% of FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technologies, Inc.'s common stock by means of an initial public offering, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql followed by a tax-free distribution to FMC Corporation's stockholders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Corporation's remaining interest in the Company's common stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As a result of the reorganization, participants in the FMC Corporation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plans who were employees of FMC Technologies, Inc. had their account \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql balances transferred to the Plan, effective as of September 28, 2001. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company completed the initial public offering of 17% of its common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock on June 14, 2001. On December 31, 2001, FMC Corporation distributed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its remaining 83% ownership of the Company's stock to all FMC Corporation's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stockholders in the form of a dividend. Each FMC Corporation stockholder of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record as of December 12, 2001 received a dividend of 1.719721318 shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's common stock for each share of FMC Corporation common stock. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For participants with an interest in the FMC Stock Fund, the Company stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend was invested in the FMCTI Stock Fund. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Schedule H, Line 4i - Schedule of Assets (Held at End of Year) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Description of investment including Current value \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Identity of issuer, borrower, lessor maturity date, rate of interest at December 31, \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql or similar party collateral, par, or maturity value 2001 (in thousands) \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql FMC Stock Fund (FMC Corporation Common Stock) * FMC Corporation Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql approximately 2,082,246 shares $ 64,987 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql FMCTI Stock Fund (FMC Technologies, Inc. Common Stock) * FMC Technologies, Inc. Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql approximately 3,391,643 shares 55,793 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql MIP II Blend Fund * - participant directed Portfolio includes investment contracts \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql offered by major insurance \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql companies and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql approved institutions 52,172 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql MIP II Blend Fund * - non-participant directed Portfolio includes investment contracts \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql offered by major insurance \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql companies and other approved \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql institutions 54 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Clipper Fund Stock Long-term Growth Fund 14,940 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Mutual Qualified Fund (Z) Stock Long-term Growth Fund 6,684 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Sequoia Fund Stock Long-term Growth Fund 14,791 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Puritan Fund * Stock and Bond Fund 4,472 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Magellan Fund * Stock Long-term Growth Fund 3,956 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Blue Chip Growth Fund * Large Companies Stock Fund 14,087 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Low-Priced Stock Fund * Growth Mutual Fund 4,564 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Diversified International Fund * Growth Mutual Fund of Foreign Companies 3,886 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql (Continued) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Schedule H, Line 4i - Schedule of Assets (Held at End of Year)(Continued) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, 2001 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Description of investment including Current value \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Identity of issuer, borrower, lessor maturity date, rate of interest at December 31, \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql or similar party collateral, par, or maturity value 2001 (in thousands) \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Retirement Government Money Market Portfolio * Money Market Mutual Fund $ 4,708 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity U.S. Equity Index Pool Fund * Stock Index Fund 11,037 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql PIMCO Total Return Fund Income Mutual Fund 1,946 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql MAS Mid Cap Growth Portfolio Stock Long-term Growth Fund 2,283 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Capital & Income Fund * Equity Income & Growth Fund 140 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Fidelity Freedom Funds *: Asset allocation series funds, primarily \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Freedom Income Fund invest in other Fidelity mutual funds 68 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Freedom 2000 Fund which provide moderate asset allocation 59 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Freedom 2010 Fund with a target retirement date. 648 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Freedom 2020 Fund Invest in stock, bonds and money market 494 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Freedom 2030 Fund mutual funds 306 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Freedom 2040 Fund 23 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Participants' loans receivable Varying rates of interest 6.46% - 7.20% 10,367 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql Total assets held for investment purposes $ 272,465 \par\pard\plain\fs16\pard\plain\cf1\f50\fs12\ql ------------------------------------------------------------------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * - party-in-interest. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql See accompanying independent auditors' report. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXHIBIT INDEX \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NUMBER IN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXHIBIT TABLE DESCRIPTION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23.1 Independent Auditors' Consent (KPMG LLP) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXHIBIT 23.1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INDEPENDENT AUDITORS' CONSENT \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Employee Welfare Benefits Plan Committee of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FMC Technologies, Inc.: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We consent to the incorporation by reference in the registration statement (No. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 333-76214) on Form S-8 of FMC Technologies, Inc. of our report dated June 26, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2002, with respect to the statement of net assets available for benefits of FMC \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Technologies, Inc. Savings and Investment Plan, as of December 31, 2001, and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql related statement of changes in net assets available for benefits for the period \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql September 28, 2001 to December 31, 2001, and the supplemental schedule of assets \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (held at end of year), which report appears in the December 31, 2001 Annual \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Report on Form 11-K of FMC Technologies, Inc. Savings and Investment Plan for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the period ended December 31, 2001. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ KPMG LLP \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chicago, Illinois \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql June 26, 2002 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16}