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Related Party Transactions
6 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS
Receivables, payables, revenues and expenses which are included in our consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows:
(In millions)
June 30, 2018
 
December 31, 2017
Trade receivables
$
100.0

 
$
98.4

Trade payables
(16.7
)
 
(121.8
)
Net trade receivables/(payables)
$
83.3

 
$
(23.4
)
 
 
 
 
Note receivables
$
129.5

 
$
140.9


The table above includes trade receivables balances at June 30, 2018 of $66.5 million to TP JGC Coral France SNC and $10.6 million to Technip Odebrecht PLSV CV, as both companies are equity method affiliates. A member of our Board of Directors serves on the Board of Directors of Anadarko Petroleum Company (“Anadarko”), and the trade receivables balance at December 31, 2017 includes $22.3 million from Anadarko, as well as $42.5 million from TP JGC Coral France SNC and $13.8 million from Technip Odebrecht PLSV CV.
The balance in trade payables includes $12.1 million to Dofcon Brasil AS at June 30, 2018. Dofcon Brasil AS is a VIE and accounted for as an equity method affiliate. The trade payables balance at December 31, 2017 includes $52.4 million to JGC Corporation and $48.3 million to Chiyoda, both joint venture partners on our Yamal project.
The note receivables balance includes $117.1 million and $114.9 million with Dofcon Brasil AS at June 30, 2018 and December 31, 2017, respectively. These are included in other noncurrent assets on our consolidated balance sheets.
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2018
 
2017
 
2018
 
2017
Revenue
$
60.2

 
$
33.0

 
$
152.7

 
$
68.4

Expenses
$
2.6

 
$
22.3

 
$
6.0

 
$
62.9


Revenue in the table above includes $33.2 million from TP JGC Coral France SNC and $25.2 million from Anadarko for the three months ended June 30, 2018, and $75.5 million from Anadarko and $61.4 million from TP JGC Coral France SNC for the six months ended June 30, 2018. Revenue for the three months ended June 30, 2017 includes $20.6 million from Anadarko and $4.3 million from Technip Odebrecht PLSV CV. Revenue for the six months ended June 30, 2017 includes $37.3 million from Anadarko and $6.5 million from Technip Odebrecht PLSV CV.
For the three months and six months ended June 30, 2018, there was no expense activity with an individually significant related party. Expense activity for the three months ended 2017 includes $12.3 million to JGC Corporation, and $5.2 million to Chiyoda. Expense activity for the six months ended June 30, 2017 includes $20.4 million to JGC Corporation and $13.6 million to Chiyoda.