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Revenue (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
The following tables present products and services revenue by geography for each reportable segment for the three months ended March 31, 2019 and 2018:
 
Reportable Segments
 
Three Months Ended
 
Three Months Ended
 
March 31, 2019
 
March 31, 2018
(In millions)
Subsea
 
Onshore/
Offshore
 
Surface Technologies
 
Subsea
 
Onshore/
Offshore
 
Surface Technologies
Europe, Russia, Central Asia
$
399.6

 
$
641.6

 
$
55.8

 
$
305.5

 
$
1,000.9

 
$
48.2

America
377.1

 
160.4

 
193.2

 
450.6

 
72.7

 
207.5

Asia Pacific
99.7

 
301.9

 
45.0

 
112.0

 
295.3

 
22.1

Africa
145.8

 
60.4

 
11.3

 
279.8

 
70.6

 
15.7

Middle East
135.2

 
170.8

 
52.6

 
6.5

 
133.9

 
54.5

Total products and services revenue
$
1,157.4

 
$
1,335.1

 
$
357.9

 
$
1,154.4

 
$
1,573.4

 
$
348.0

The following tables represent revenue by contract type for each reportable segment for the three months ended March 31, 2019 and 2018:
 
Reportable Segments
 
Three Months Ended
 
Three Months Ended
 
March 31, 2019
 
March 31, 2018
(In millions)
Subsea
 
Onshore/
Offshore
 
Surface Technologies
 
Subsea(b)
 
Onshore/
Offshore
 
Surface Technologies
Services
$
645.6

 
$
1,335.1

 
$
70.4

 
$
652.9

 
$
1,573.4

 
$
47.7

Products
511.8

 

 
287.5

 
501.5

 

 
300.3

Total products and services revenue
1,157.4

 
1,335.1

 
357.9

 
1,154.4

 
1,573.4

 
348.0

Lease(a)
27.9

 

 
34.7

 
25.8

 

 
23.6

Total revenue
$
1,185.3

 
$
1,335.1

 
$
392.6

 
$
1,180.2

 
$
1,573.4

 
$
371.6

(a)
Represents revenue not subject to ASC Topic 606. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to lease revenue.
(b)
We revised the condensed consolidated statement of operations to correct the classification of service revenue and product revenue in the amount of $153.4 million for three months ended March 31, 2018. See Note 1 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to the revision.
Contract balances
The following table provides information about net contract assets (liabilities) as of March 31, 2019 and December 31, 2018:
(In millions)
March 31,
2019
 
December 31,
2018
 
$ change
 
% change
Contract assets
$
1,383.7

 
$
1,295.0

 
$
88.7

 
6.8

Contract (liabilities)
(4,252.2
)
 
(4,085.1
)
 
(167.1
)
 
(4.1
)
Net contract assets (liabilities)
$
(2,868.5
)
 
$
(2,790.1
)
 
$
(78.4
)
 
(2.8
)
Remaining revenue performance obligations
The following table details the RUPO for each business segment as of March 31, 2019:
(In millions)
2019
 
2020
 
Thereafter
Subsea
$
3,387.1

 
$
2,480.3

 
$
1,609.9

Onshore/Offshore
4,299.4

 
3,252.3

 
2,311.0

Surface Technologies
417.6

 
20.0

 

Total remaining unsatisfied performance obligations
$
8,104.1

 
$
5,752.6

 
$
3,920.9