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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue, segment operating profit and corporate items
Segment revenue and segment operating profit
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Segment revenue
 
 
 
 
 
Subsea
$
4,840.0

 
$
5,877.4

 
$
5,850.5

Onshore/Offshore
6,120.7

 
7,904.5

 
3,349.1

Surface Technologies
1,592.2

 
1,274.6

 
—

Other revenue and intercompany eliminations
—

 
0.4

 
—

Total revenue
$
12,552.9

 
$
15,056.9

 
$
9,199.6

 
 
 
 
 
 
Segment operating profit (loss)
 
 
 
 
 
Subsea
$
(1,529.5
)
 
$
460.5

 
$
732.0

Onshore/Offshore
824.0

 
810.9

 
34.1

Surface Technologies
172.8

 
82.7

 
—

Total segment operating profit (loss)
(532.7
)
 
1,354.1

 
766.1

 
 
 
 
 
 
Corporate items
 
 
 
 
 
Corporate expense (a)
(594.5
)
 
(359.2
)
 
(185.9
)
Interest income
121.4

 
140.8

 
85.3

Interest expense
(482.3
)
 
(456.0
)
 
(114.1
)
Total corporate items
(955.4
)
 
(674.4
)
 
(214.7
)
Income (loss) before income taxes (b)
$
(1,488.1
)
 
$
679.7

 
$
551.4

 
(a)
Corporate expense primarily includes corporate staff expenses, legal reserve, stock-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
 
December 31,
(In millions)
2018
 
2017
Segment assets
 
 
 
Subsea
$
11,037.8

 
$
12,944.4

Onshore/Offshore
4,355.2

 
4,604.8

Surface Technologies
2,825.6

 
2,453.3

Intercompany eliminations
(26.4
)
 
(24.3
)
Total segment assets
18,192.2

 
19,978.2

Corporate (a)
6,592.3

 
8,285.5

Total assets
$
24,784.5

 
$
28,263.7


(a)
Corporate includes cash, LIFO adjustments, deferred income tax balances, legal provisions, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.
Geographic segment information
Geographic segment information
Geographic segment sales were identified based on the country where our products and services were delivered.
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Revenue
 
 
 
 
 
Russia
$
2,773.3

 
$
4,894.2

 
$
283.3

Brazil
1,478.7

 
911.1

 
1,006.9

United States
1,275.8

 
1,534.7

 
1,033.7

Norway
1,202.6

 
971.2

 
574.4

Australia
926.6

 
953.9

 
776.6

United Kingdom
442.1

 
465.9

 
761.5

Angola
385.7

 
1,016.2

 
935.3

All other countries
4,068.1

 
4,309.7

 
3,827.9

Total revenue
$
12,552.9

 
$
15,056.9

 
$
9,199.6


Geographic segment long-lived assets represent property, plant and equipment, net.
 
December 31,
(In millions)
2018
 
2017
Long-lived assets
 
 
 
United Kingdom
$
925.6

 
$
1,190.1

United States
589.9

 
567.1

Netherlands
360.5

 
574.2

Brazil
325.8

 
408.3

Norway
311.4

 
321.4

All other countries
746.6

 
810.4

Total long-lived assets
$
3,259.8

 
$
3,871.5
Reconciliation of other significant reconciling items from segments to consolidated
Other business segment information 
 
Capital Expenditures
 
Depreciation and
Amortization
 
Research and
Development Expense
 
Year Ended December 31,
 
Year Ended December 31,
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Subsea
$
223.2

 
$
179.1

 
$
286.9

 
$
440.4

 
$
507.2

 
$
256.8

 
$
145.2

 
$
169.2

 
$
75.4

Onshore/Offshore
7.6

 
16.2

 
26.0

 
38.2

 
41.1

 
43.9

 
29.7

 
31.4

 
30.0

Surface Technologies
111.9

 
35.4

 
—

 
66.6

 
63.6

 
—

 
14.3

 
12.3

 
—

Corporate
25.4

 
25.0

 
—

 
5.2

 
2.8

 
—

 
—

 
—

 
—

Total
$
368.1

 
$
255.7

 
$
312.9

 
$
550.4

 
$
614.7

 
$
300.7

 
$
189.2

 
$
212.9

 
$
105.4