Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Segment revenue and segment operating profit were as follows:



	Three Months Ended March 31,
(In millions)	2017			2016
Segment revenue
Subsea	$	1,376.7		$	1,517.2
Onshore/Offshore	1,764.0			888.5
Surface Technologies	248.4			—
Other revenueand 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	139.9			58.5
Surface Technologies	(18.6		)	—
Total segment operating profit	175.5			254.9
Corporate items:
Corporate income (expense) ⁽¹⁾	204.2			(46.8		)
Net interest expense	(81.7		)	(13.3		)
Total corporate items	122.5			(60.1		)
Income before income taxes ⁽²⁾	$	298.0		$	194.8

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⁽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 were as follows:

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⁽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.