Business Segments (Tables)

9 Months Ended

Sep. 30, 2017

Segment revenue and segment operating profit were as follows:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Segment revenue
Subsea	$	1,478.2		$	1,560.3		$	4,585.2		$	4,624.7
Onshore/Offshore	2,308.1			815.4			5,885.0			2,527.2
Surface Technologies	353.9			—			902.3			—
Other revenueand intercompany eliminations	0.7			—			1.4			—
Total revenue	$	4,140.9		$	2,375.7		$	11,373.9		$	7,151.9
Income before income taxes:
Segment operating profit (loss):
Subsea	$	102.8		$	282.0		$	393.1		$	669.9
Onshore/Offshore	206.4			70.9			553.7			139.8
Surface Technologies	49.0			—			29.4			—
Total segment operating profit	358.2			352.9			976.2			809.7
Corporate items:
Corporate expense ⁽¹⁾	(42.3		)	51.7			(224.3		)	(108.4		)
Net interest expense	(86.3		)	(0.4		)	(240.5		)	(21.4		)
Total corporate items	(128.6		)	51.3			(464.8		)	(129.8		)
Income before income taxes ⁽²⁾	$	229.6		$	404.2		$	511.4		$	679.9

_______________________


⁽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:

_______________________


⁽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.