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Revenue (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

The following tables present products and services revenue by geography for each reportable segment for the three and six months ended June 30, 2019 and 2018:



	Reportable Segments
	Three Months Ended
	June 30, 2019						June 30, 2018
(In millions)	Subsea		Onshore/ Offshore		Surface Technologies		Subsea		Onshore/ Offshore		Surface Technologies
Europe, Russia, Central Asia	$	459.6	$	651.2	$	60.0	$	409.4	$	705.5	$	58.3
America	341.8		196.9		199.9		331.3		90.9		237.5
Asia Pacific	177.7		275.5		44.1		137.9		310.6		29.7
Africa	373.8		111.1		14.9		261.6		76.9		11.4
Middle East	135.6		270.3		69.2		43.8		158.5		44.3
Total products and services revenue	$	1,488.5	$	1,505.0	$	388.1	$	1,184.0	$	1,342.4	$	381.2



	Reportable Segments
	Six Months Ended
	June 30, 2019						June 30, 2018
(In millions)	Subsea		Onshore/ Offshore		Surface Technologies		Subsea		Onshore/ Offshore		Surface Technologies
Europe, Russia, Central Asia	$	859.2	$	1,292.8	$	115.8	$	714.9	$	1,706.4	$	106.5
America	718.9		357.3		393.1		781.9		163.6		445.0
Asia Pacific	277.4		577.4		89.1		249.9		605.9		51.8
Africa	519.6		171.5		26.2		541.4		147.5		27.1
Middle East	270.8		441.1		121.8		50.3		292.4		98.8
Total products and services revenue	$	2,645.9	$	2,840.1	$	746.0	$	2,338.4	$	2,915.8	$	729.2

The following tables represent revenue by contract type for each reportable segment for the three and six months ended June 30, 2019 and 2018:



	Reportable Segments
	Three Months Ended
	June 30, 2019						June 30, 2018
(In millions)	Subsea		Onshore/ Offshore		Surface Technologies		Subsea^(b)		Onshore/ Offshore		Surface Technologies
Services	$	970.2	$	1,505.0	$	73.6	$	656.5	$	1,342.4	$	67.1
Products	518.3		—		314.5		527.5		—		314.1
Total products and services revenue	1,488.5		1,505.0		388.1		1,184.0		1,342.4		381.2
Lease^(a)	20.2		—		32.4		33.4		—		19.9
Total revenue	$	1,508.7	$	1,505.0	$	420.5	$	1,217.4	$	1,342.4	$	401.1



	Reportable Segments
	Six Months Ended
	June 30, 2019						June 30, 2018
(In millions)	Subsea		Onshore/ Offshore		Surface Technologies		Subsea^(b)		Onshore/ Offshore		Surface Technologies
Services	$	1,615.8	$	2,840.1	$	144.0	$	1,309.4	$	2,915.8	$	114.8
Products	1,030.1		—		602.0		1,029.0		—		614.4
Total products and services revenue	2,645.9		2,840.1		746.0		2,338.4		2,915.8		729.2
Lease^(a)	48.1		—		67.1		59.2		—		43.5
Total revenue	$	2,694.0	$	2,840.1	$	813.1	$	2,397.6	$	2,915.8	$	772.7


(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 $177.9 million and $331.3 million for three and six months ended June 30, 2018, respectively. 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 June 30, 2019 and December 31, 2018:



(In millions)	June 30, 2019			December 31, 2018			$ change			% change
Contract assets	$	1,612.4		$	1,295.0		$	317.4		24.5
Contract (liabilities)	(4,354.6		)	(4,085.1		)	(269.5		)	(6.6	)
Net contract assets (liabilities)	$	(2,742.2	)	$	(2,790.1	)	$	47.9		1.7

Remaining revenue performance obligations

The following table details the order backlog for each business segment as of June 30, 2019:



(In millions)	2019		2020		Thereafter
Subsea	$	2,480.5	$	3,465.5	$	2,801.0
Onshore/Offshore	3,252.7		4,758.7		8,596.9
Surface Technologies	393.6		33.0		—
Total remaining unsatisfied performance obligations	$	6,126.8	$	8,257.2	$	11,397.9