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Business Segments (Tables)
 9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2018
 
2017
 
2018
 
2017
Segment revenue
 
 
 
 
 
 
 
Subsea
$
1,209.1

 
$
1,478.2

 
$
3,606.7

 
$
4,585.2

Onshore/Offshore
1,532.5

 
2,308.1

 
4,448.3

 
5,885.0

Surface Technologies
402.2

 
353.9

 
1,174.9

 
902.3

Other revenue
—

 
0.7

 
—

 
1.4

Total revenue
$
3,143.8


$
4,140.9

 
$
9,229.9

 
$
11,373.9

 
 
 
 
 
 
 
 
Segment operating profit (loss)
 
 
 
 
 
 
 
Subsea
$
79.7

 
$
102.8

 
$
210.0

 
$
393.1

Onshore/Offshore
243.4

 
206.4

 
617.6

 
553.7

Surface Technologies
51.9

 
49.0

 
134.0

 
29.4

Total segment operating profit
375.0


358.2

 
961.6

 
976.2

 
 
 
 
 
 
 
 
Corporate items
 
 
 
 
 
 
 
Corporate expense(a)
(68.1
)
 
(42.3
)
 
(200.9
)
 
(224.3
)
Net interest expense
(106.0
)
 
(86.3
)
 
(244.3
)
 
(240.5
)
Total corporate items
(174.1
)

(128.6
)
 
(445.2
)
 
(464.8
)
Income before income taxes(b)
$
200.9


$
229.6

 
$
516.4

 
$
511.4


(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)
September 30,
2018
 
December 31, 2017
Segment assets
 
 
 
Subsea
$
12,980.7

 
$
12,944.4

Onshore/Offshore
3,878.6

 
4,604.8

Surface Technologies
2,725.7

 
2,453.3

Intercompany eliminations
(11.0
)
 
(24.3
)
Total segment assets
19,574.0

 
19,978.2

Corporate (a)
7,086.0

 
8,285.5

Total assets
$
26,660.0

 
$
28,263.7

(a)
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.