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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue and segment operating profit
Segment revenue and segment operating profit were as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2018
 
2017
 
2018
 
2017
Segment revenue
 
 
 
 
 
 
 
Subsea
$
1,217.4

 
$
1,730.3

 
$
2,397.6

 
$
3,107.0

Onshore/Offshore
1,342.4

 
1,812.9

 
2,915.8

 
3,576.9

Surface Technologies
401.1

 
300.0

 
772.7

 
548.4

Other revenue
—

 
1.8

 
—

 
0.7

Total revenue
2,960.9


3,845.0

 
$
6,086.1

 
$
7,233.0

 
 
 
 
 
 
 
 
Segment operating profit (loss)
 
 
 
 
 
 
 
Subsea
75.9

 
236.1

 
$
130.3

 
$
290.3

Onshore/Offshore
171.3

 
204.5

 
374.2

 
347.3

Surface Technologies
51.5

 
(1.0
)
 
82.1

 
(19.6
)
Total segment operating profit
298.7


439.6

 
586.6

 
618.0

 
 
 
 
 
 
 
 
Corporate items
 
 
 
 
 
 
 
Corporate expense(a)
(73.0
)
 
(122.3
)
 
(132.8
)
 
(182.0
)
Net interest expense
(50.9
)
 
(72.1
)
 
(138.3
)
 
(154.2
)
Total corporate items
(123.9
)

(194.4
)
 
(271.1
)
 
(336.2
)
Income before income taxes(b)
$
174.8


$
245.2

 
$
315.5

 
$
281.8


a.
Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger-related transaction expenses.
b.
Includes amounts attributable to noncontrolling interests.
Segment operating capital employed and segment assets
Segment assets were as follows:
(In millions)
June 30,
2018
 
December 31, 2017
Segment assets:
 
 
 
Subsea
$
13,837.8

 
$
12,944.4

Onshore/Offshore
4,458.8

 
4,604.8

Surface Technologies
2,647.2

 
2,453.3

Intercompany eliminations
(20.2
)
 
(24.3
)
Total segment assets
20,923.6

 
19,978.2

Corporate (1)
6,134.9

 
8,285.5

Total assets
$
27,058.5

 
$
28,263.7

______________________  
(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.