XML 35 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Transactions
12 Months Ended
Dec. 31, 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.
Trade receivables consisted of receivables due from following related parties:
 
December 31,
(In millions)
2018
 
2017
TP JGC Coral France SNC
$
31.6

 
$
42.5

Technip Odebrecht PLSV CV
10.9

 
13.8

Anadarko Petroleum Company
4.9

 
22.3

Others
14.3

 
19.8

Total trade receivables
$
61.7

 
$
98.4


TP JGC Coral France SNC and Technip Odebrecht PLSV CV are equity method affiliates. A member of our Board of Directors serves on the Board of Directors of Anadarko Petroleum Company.
Trade payables consisted of payables due to following related parties:
 
December 31,
(In millions)
2018
 
2017
Dofcon Navegacao
$
2.5

 
$
12.3

Chiyoda
70.0

 
48.3

JGC Corporation
69.5

 
52.4

IFP Energies nouvelles
2.4

 

Anadarko Petroleum Company
0.7

 

Magma Global Limited
0.6

 

Others
2.9

 
8.8

Total trade payables
$
148.6

 
$
121.8


Dofcon Navegacao and Magma Global Limited are equity affiliates. JGC Corporation and Chiyoda are joint venture partners on our Yamal project. A member of our Board of Directors is an executive officer of IFP Energies nouvelles.
Additionally, we have note receivable balance of $130.0 million and $140.9 million as of December 31, 2018 and 2017, respectively. The note receivables balance includes $119.9 million and $114.9 million with Dofcon Brasil AS at December 31, 2018 and 2017, respectively. Dofcon Brasil AS is a VIE and accounted for as an equity method affiliate. These are included in other noncurrent assets on our consolidated balance sheets.
Revenue consisted of amount from following related parties:
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Anadarko Petroleum Company
$
124.8

 
$
111.3

 
$

TP JGC Coral France SNC
$
118.2

 
$

 
$

Yamgaz

 

 
196.7

Others
50.3

 
126.8

 
87.8

Total revenue
$
293.3

 
$
238.1

 
$
284.5

Expenses consisted of amount to following related parties:
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Chiyoda
$
53.0

 
$
44.1

 
$

JGC Corporation
81.2

 
46.8

 

Heerema

 

 
71.3

IFP Energy nouvelles
4.4

 

 

Creowave OY
1.9

 
4.7

 

Arkema S.A.
2.6

 

 

Magma Global Limited
3.0

 

 

Others
8.6

 
45.8

 
34.2

Total expenses
$
154.7

 
$
141.4

 
$
105.5