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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue, segment operating profit and corporate items
Segment revenue and segment operating profit
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Segment revenue
 
 
 
 
 
Subsea
$
5,877.4

 
$
5,850.5

 
$
6,520.6

Onshore/Offshore
7,904.5

 
3,349.1

 
4,951.3

Surface Technologies
1,274.6

 
—

 
—

Other revenue and intercompany eliminations
0.4

 
—

 
—

Total revenue
$
15,056.9

 
$
9,199.6

 
$
11,471.9

Income before income taxes:
 
 
 
 
 
Segment operating profit (loss):
 
 
 
 
 
Subsea
$
460.5

 
$
732.0

 
$
866.9

Onshore/Offshore
810.9

 
34.1

 
(313.3
)
Surface Technologies
82.7

 
—

 
—

Total segment operating profit
1,354.1

 
766.1

 
553.6

Corporate items:
 
 
 
 
 
Corporate expense (1)
(359.2
)
 
(185.9
)
 
(331.9
)
Interest income
140.8

 
85.3

 
77.7

Interest expense
(456.0
)
 
(114.1
)
 
(148.9
)
Total corporate items
(674.4
)
 
(214.7
)
 
(403.1
)
Income before income taxes (2)
$
679.7

 
$
551.4

 
$
150.5

 
______________________________
(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 operating capital employed and segment assets
Segment assets
 
December 31,
(In millions)
2017
 
2016
Segment assets:
 
 
 
Subsea
$
12,944.4

 
$
7,823.1

Onshore/Offshore
4,604.8

 
3,229.3

Surface Technologies
2,453.3

 
—

Intercompany eliminations
(24.3
)
 
—

Total segment assets
19,978.2

 
11,052.4

Corporate (3)
8,285.5

 
7,626.9

Total assets
$
28,263.7

 
$
18,679.3

______________________________
Geographic segment information
Geographic segment information
Geographic segment sales were identified based on the location where our products and services were delivered.
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Revenue:
 
 
 
 
 
Russia
$
4,894.2

 
$
283.3

 
$
—

United States
1,534.7

 
1,033.7

 
1,402.5

Angola
1,016.2

 
935.3

 
1,013.7

Norway
971.2

 
574.4

 
1,293.3

Brazil
911.1

 
1,006.9

 
1,102.3

Australia
953.9

 
776.6

 
1,044.8

United Kingdom
465.9

 
761.5

 
1,155.4

All other countries
4,309.7

 
3,827.9

 
4,459.9

Total revenue
$
15,056.9

 
$
9,199.6

 
$
11,471.9


Geographic segment long-lived assets represent property, plant and equipment, net.
 
December 31,
(In millions)
2017
 
2016
Long-lived assets:
 
 
 
United States
$
567.1

 
$
44.1

Norway
321.4

 
121.9

Malaysia
257.1

 
166.3

Brazil
408.3

 
319.5

United Kingdom
1,190.1

 
1,078.2

All other countries
1,127.5

 
890.1

Total long-lived assets
$
3,871.5

 
$
2,620.1
Reconciliation of other significant reconciling items from segments to consolidated
Other business segment information
 
Capital Expenditures
Year Ended December 31,
 
Depreciation and
Amortization
Year Ended December 31,
 
Research and
Development Expense
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Subsea
$
179.1

 
$
286.9

 
$
290.1

 
$
507.2

 
$
256.8

 
$
295.9

 
$
169.2

 
$
75.4

 
$
67.1

Onshore/Offshore
16.2

 
26.0

 
35.4

 
41.1

 
43.9

 
42.8

 
31.4

 
30.0

 
28.4

Surface Technologies
35.4

 
—

 
—

 
63.6

 
—

 
—

 
12.3

 
—

 
—

Corporate
25.0

 
—

 
—

 
2.8

 
—

 
—

 
—

 
—

 
—

Total
$
255.7

 
$
312.9

 
$
325.5

 
$
614.7

 
$
300.7

 
$
338.7

 
$
212.9

 
$
105.4

 
$
95.5