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Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following tables present products and services revenue by geography for each reportable segment for the year ended December 31, 2018:
 
Reportable Segments
 
Year Ended
 
December 31, 2018
(In millions)
Subsea
 
Onshore/
Offshore
 
Surface Technologies
Europe, Russia, Central Asia
1,528.1

 
3,506.1

 
227.7

America
1,721.5

 
365.1

 
865.5

Asia Pacific
532.9

 
1,236.1

 
123.2

Africa
758.1

 
252.7

 
57.9

Middle East
181.2

 
760.7

 
213.4

Total products and services revenue
$
4,721.8

 
$
6,120.7

 
$
1,487.7

The following tables represent revenue by contract type for each reportable segment for the year ended December 31, 2018:
 
Reportable Segments
 
Year Ended
 
December 31, 2018
(In millions)
Subsea
 
Onshore/
Offshore
 
Surface Technologies
Services
3,394.5

 
6,120.7

 
249.8

Products
1,327.3

 

 
1,237.9

Total products and services revenue
4,721.8

 
6,120.7

 
1,487.7

Lease and other(a)
118.2

 

 
104.5

Total revenue
$
4,840.0

 
$
6,120.7

 
$
1,592.2

(a)
Represents revenue not subject to ASC Topic 606.
Contract with Customer, Asset and Liability [Table Text Block]
The following table provides information about net contract assets (liabilities) as of December 31, 2018 and December 31, 2017:
(In millions)
December 31,
2018
 
December 31,
2017
 
$ change
 
% change
Contract assets
$
1,295.0

 
$
1,755.5

 
$
(460.5
)
 
(26.2
)
Contract (liabilities)
(4,085.1
)
 
(3,314.2
)
 
(770.9
)
 
(23.3
)
Net contract assets (liabilities)
$
(2,790.1
)
 
$
(1,558.7
)
 
$
(1,231.4
)
 
(79.0
)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]
The following table details the order backlog for each business segment as of December 31, 2018:
(In millions)
2019
 
2020
 
Thereafter
Subsea
3,379.2

 
1,382.1

 
1,238.3

Onshore/Offshore
5,335.1

 
1,732.9

 
1,022.5

Surface Technologies
469.9

 

 

Total remaining unsatisfied performance obligations
$
9,184.2


$
3,115.0

 
2,260.8

Impact on primary financial statements
Consolidated Statements of Income for the year ended December 31, 2018:
 
Year Ended
 
December 31, 2018
(In millions, except per share data)
As reported
 
Effect of ASC Topic 606
 
Under ASC Topic 605
Revenue
 
 
 
 
 
Service revenue
$
9,765.0

 
$
(32.0
)
 
$
9,733.0

Product revenue
2,565.2

 
4.9

 
2,570.1

Lease and other revenue
222.7

 

 
222.7

Total revenue
12,552.9

 
(27.1
)
 
12,525.8

 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
Cost of service revenue
7,895.1

 
(17.7
)
 
7,877.4

Cost of product revenue
2,234.5

 
5.9

 
2,240.4

Cost of lease and other revenue
143.4

 

 
143.4

Selling, general and administrative expense
1,140.6

 

 
1,140.6

Research and development expense
189.2

 

 
189.2

Impairment, restructuring and other expenses (Note 17)
1,831.2

 

 
1,831.2

Merger transaction and integration costs (Note 2)
36.5

 

 
36.5

Total costs and expenses
13,470.5

 
(11.8
)
 
13,458.7

 
 
 
 
 
 
Other income (expense), net
(323.9
)
 

 
(323.9
)
Income from equity affiliates
114.3

 
(8.0
)
 
106.3

Income before net interest expense and income taxes
(1,127.2
)
 
(23.3
)
 
(1,150.5
)
Net interest expense
(360.9
)
 

 
(360.9
)
Income before income taxes
(1,488.1
)
 
(23.3
)
 
(1,511.4
)
Provision for income taxes (Note 19)
422.7

 
(8.9
)
 
413.8

Net income (loss)
(1,910.8
)
 
(14.4
)
 
(1,925.2
)
Net (income) loss attributable to noncontrolling interests
(10.8
)
 

 
(10.8
)
Net income (loss) attributable to TechnipFMC plc
$
(1,921.6
)
 
$
(14.4
)
 
$
(1,936.0
)
Consolidated Balance Sheets as of December 31, 2018:
 
December 31, 2018
(In millions, except par value data)
As reported
 
Effect of ASC Topic 606
 
Under ASC Topic 605
Assets
 
 
 
 
 
Cash and cash equivalents
$
5,540.0

 
$

 
$
5,540.0

Trade receivables, net
2,469.7

 
(1,513.4
)
 
956.3

Contract assets
1,295.0

 
450.2

 
1,745.2

Inventories, net (Note 7)
1,251.2

 
16.4

 
1,267.6

Derivative financial instruments (Note 21)
95.7

 

 
95.7

Income taxes receivable
284.3

 
(1.2
)
 
283.1

Advances paid to suppliers
189.7

 

 
189.7

Other current assets (Note 8)
655.6

 

 
655.6

Total current assets
11,781.2

 
(1,048.0
)
 
10,733.2

Investments in equity affiliates
394.5

 
(8.0
)
 
386.5

Property, plant and equipment, net of accumulated depreciation
3,259.8

 

 
3,259.8

Goodwill
7,607.6

 

 
7,607.6

Intangible assets, net of accumulated amortization
1,176.7

 

 
1,176.7

Deferred income taxes
232.4

 
(0.2
)
 
232.2

Derivative financial instruments (Note 21)
18.3

 

 
18.3

Other assets
314.0

 

 
314.0

Total assets
$
24,784.5

 
$
(1,056.2
)
 
$
23,728.3

 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
Short-term debt and current portion of long-term debt (Note 13)
$
67.4

 
$

 
$
67.4

Accounts payable, trade
2,600.3

 
17.6

 
2,617.9

Contract liabilities
4,085.1

 
(1,116.1
)
 
2,969.0

Accrued payroll
394.7

 

 
394.7

Derivative financial instruments (Note 21)
138.4

 

 
138.4

Income taxes payable
81.9

 
2.2

 
84.1

Other current liabilities (Note 8)
1,766.6

 
(39.0
)
 
1,727.6

Total current liabilities
9,134.4

 
(1,135.3
)
 
7,999.1

Long-term debt, less current portion (Note 13)
4,124.3

 

 
4,124.3

Accrued pension and other post-retirement benefits, less current portion
298.9

 

 
298.9

Derivative financial instruments (Note 21)
44.9

 

 
44.9

Deferred income taxes
209.2

 
2.1

 
211.3

Other liabilities
503.4

 

 
503.4

Total liabilities
14,315.1

 
(1,133.2
)
 
13,181.9

Commitments and contingent liabilities (Note 18)
 
 
 
 
 
Mezzanine equity
 
 
 
 
 
Redeemable noncontrolling interest
38.5

 

 
38.5

Stockholders’ equity (Note 15)
 
 
 
 
 
Ordinary shares
450.5

 

 
450.5

Ordinary shares held in employee benefit trust
(2.4
)
 

 
(2.4
)
Capital in excess of par value of ordinary shares
10,197.0

 

 
10,197.0

Retained earnings
1,114.2

 
77.1

 
1,191.3

Accumulated other comprehensive loss
(1,359.7
)
 

 
(1,359.7
)
Total TechnipFMC plc stockholders’ equity
10,399.6

 
77.1

 
10,476.7

Noncontrolling interests
31.3

 
(0.1
)
 
31.2

Total equity
10,430.9

 
77.0

 
10,507.9

Total liabilities and equity
$
24,784.5

 
$
(1,056.2
)
 
$
23,728.3