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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 5,555.4 $ 6,737.4
Trade receivables, net of allowances of $127.2 in 2018 and $117.4 in 2017 2,198.6 1,484.4
Contract assets 1,412.9 1,755.5
Inventories, net (Note 7) 1,085.6 987.0
Derivative financial instruments (Note 17) 83.9 78.3
Income taxes receivable 338.7 337.0
Advances paid to suppliers 300.0 391.3
Other current assets (Note 8) 866.4 1,206.2
Total current assets 11,841.5 12,977.1
Investments in equity affiliates 346.6 272.5
Property, plant and equipment, net of accumulated depreciation of $1,964.5 in 2018 and $1,947.9 in 2017 3,697.8 3,871.5
Goodwill 9,009.8 8,929.8
Intangible assets, net of accumulated amortization of $571.9 in 2018 and $486.9 in 2017 1,253.8 1,333.8
Deferred income taxes 442.0 454.7
Derivative financial instruments (Note 17) 84.6 94.9
Other assets 382.4 329.4
Total assets 27,058.5 28,263.7
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 11) 78.5 77.1
Accounts payable, trade 2,924.6 3,958.7
Contract liabilities 3,973.3 3,314.2
Accrued payroll 350.7 402.2
Derivative financial instruments (Note 17) 97.9 69.0
Income taxes payable 255.3 320.3
Other current liabilities (Note 8) 1,477.4 1,687.9
Total current liabilities 9,157.7 9,829.4
Long-term debt, less current portion (Note 11) 3,787.5 3,777.9
Accrued pension and other post-retirement benefits, less current portion 242.4 282.0
Derivative financial instruments (Note 17) 88.3 68.1
Deferred income taxes 355.8 419.7
Other liabilities 379.2 477.2
Total Liabilities 14,010.9 14,854.3
Commitments and contingent liabilities (Note 15)
Redeemable noncontrolling interest 39.7  
Stockholders’ equity (Note 12)    
Ordinary shares, $1.00 par value; 618.3 shares and 525.0 shares authorized in 2018 and 2017, respectively; 457.5 shares and 465.1 shares issued and outstanding in 2018 and 2017, respectively; 7.7 and 2.1 shares canceled in 2018 and 2017, respectively 457.5 465.1
Ordinary shares held in employee benefit trust, at cost; 0.1 shares in 2018 and 2017 (3.9) (4.8)
Capital in excess of par value of ordinary shares 10,335.5 10,483.3
Retained earnings 3,376.5 3,448.0
Accumulated other comprehensive loss (1,180.1) (1,003.7)
Total TechnipFMC plc stockholders’ equity 12,985.5 13,387.9
Noncontrolling interests 22.4 21.5
Total equity 13,007.9 13,409.4
Total liabilities and equity $ 27,058.5 $ 28,263.7