Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting, Measurement Disclosures [Abstract]

Segment Revenue, Segment Operating Profit And Corporate Items

Segment revenue and segment operating profit were as follows:

	Three Months Ended March 31,
(In millions)	2017			2016
	As Restated			As Restated
Segment revenue
Subsea	$	1,376.7		$	1,517.2
Onshore/Offshore		1,764.0			888.5
Surface Technologies		248.4			—
Other revenue and intercompany eliminations		(1.1	)		—
Total revenue	$	3,388.0		$	2,405.7
Income before income taxes:
Segment operating profit (loss):
Subsea	$	54.2		$	196.4
Onshore/Offshore		142.8			38.4
Surface Technologies		(18.6	)		—
Total segment operating profit		178.4			234.8
Corporate items:
Corporate income (expense) (1)		(59.7	)		(55.0	)
Net interest expense		(82.1	)		(13.3	)
Total corporate items		(141.8	)		(68.3	)
Income before income taxes (2)	$	36.6		$	166.5

⁽¹⁾ Corporate expense primarily includes corporate staff expenses, stock-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger-related transaction expenses.

⁽²⁾ Includes amounts attributable to noncontrolling interests.

Segment Assets

Segment assets were as follows:

(In millions)	March 31, 2017			December 31, 2016
	As Restated			As Restated
Segment assets:
Subsea	$	13,946.1		$	7,823.1
Onshore/Offshore		4,888.9			3,229.3
Surface Technologies		1,871.5			—
Intercompany eliminations		(20.7	)		—
Total segment assets		20,685.8			11,052.4
Corporate (1)		8,930.1			7,637.3
Total assets	$	29,615.9		$	18,689.7

⁽¹⁾ Corporate includes cash, LIFO adjustments, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.