XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Assets        
Cash and cash equivalents $ 5,553.3 $ 6,737.4 $ 6,896.1 $ 6,269.3
Trade receivables, net of allowances of $118.9 in 2018 and $117.4 in 2017 2,079.3 1,484.4    
Contract assets 1,286.9 1,755.5    
Inventories, net (Note 7) 1,171.0 987.0    
Derivative financial instruments (Note 17) 97.0 78.3    
Income taxes receivable 333.3 337.0    
Advances paid to suppliers 211.5 391.3    
Other current assets (Note 8) 830.9 1,206.2    
Total current assets 11,563.2 12,977.1    
Investments in equity affiliates 360.3 272.5    
Property, plant and equipment, net of accumulated depreciation of $2,070.7 in 2018 and $1,947.9 in 2017 3,670.5 3,871.5    
Goodwill 9,003.4 8,929.8    
Intangible assets, net of accumulated amortization of $618.3 in 2018 and $486.9 in 2017 1,223.1 1,333.8    
Deferred income taxes 426.8 454.7    
Derivative financial instruments (Note 17) 80.0 94.9    
Other assets 332.7 329.4    
Total assets 26,660.0 28,263.7    
Liabilities and equity        
Short-term debt and current portion of long-term debt (Note 11) 78.4 77.1    
Accounts payable, trade 2,800.9 3,958.7    
Contract liabilities 3,711.9 3,314.2    
Accrued payroll 375.5 402.2    
Derivative financial instruments (Note 17) 92.1 69.0    
Income taxes payable 208.2 320.3    
Other current liabilities (Note 8) 1,435.8 1,687.9    
Total current liabilities 8,702.8 9,829.4    
Long-term debt, less current portion (Note 11) 4,017.1 3,777.9    
Accrued pension and other post-retirement benefits, less current portion 230.1 282.0    
Derivative financial instruments (Note 17) 81.2 68.1    
Deferred income taxes 351.8 419.7    
Other liabilities 413.0 477.2    
Total liabilities 13,796.0 14,854.3    
Commitments and contingent liabilities (Note 15)    
Redeemable noncontrolling interest 39.7 0.0    
Stockholders’ equity (Note 12)        
Ordinary shares, $1.00 par value; 618.3 shares and 525.0 shares authorized in 2018 and 2017, respectively; 452.9 shares and 465.1 shares issued and outstanding in 2018 and 2017, respectively; 12.3 and 2.1 shares canceled in 2018 and 2017, respectively 452.9 465.1    
Ordinary shares held in employee benefit trust, at cost; 0.1 shares in 2018 and 2017 (2.4) (4.8)    
Capital in excess of par value of ordinary shares 10,247.1 10,483.3    
Retained earnings 3,421.1 3,448.0    
Accumulated other comprehensive loss (1,313.9) (1,003.7)    
Total TechnipFMC plc stockholders’ equity 12,804.8 13,387.9    
Noncontrolling interests 19.5 21.5    
Total equity 12,824.3 13,409.4    
Total liabilities and equity $ 26,660.0 $ 28,263.7