Impairment, Restructuring and Other Expenses

3 Months Ended

Mar. 31, 2018

Restructuring and Related Activities [Abstract]

Impairment, Restructuring and Other Expenses

Restructuring and impairment expenses were as follows:

	Three Months Ended
	March 31,
(In millions)	2018		2017
Subsea	$	3.1	$	6.7
Onshore/Offshore	3.5		(0.3		)
Surface Technologies	2.4		1.4
Corporate and other	2.5		1.9
Total impairment, restructuring and other expenses	$	11.5	$	9.7

Asset impairments - We conduct impairment tests on long-lived assets whenever events or changes in circumstances indicate the carrying value may not be recoverable. The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition over the asset’s remaining useful life. Our review of recoverability of the carrying value of our assets considers several assumptions including the intended use and service potential of the asset.

Restructuring charges during the first quarter 2018 primarily consisted of severance and similar costs.