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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 4,621.3 $ 5,540.0
Trade receivables, net of allowances of $121.9 in 2019 and $119.6 in 2018 2,240.4 2,469.7
Contract assets 1,612.4 1,295.0
Inventories, net (Note 8) 1,387.0 1,251.2
Derivative financial instruments (Note 18) 73.2 95.7
Income taxes receivable 383.0 284.3
Advances paid to suppliers 177.5 189.7
Other current assets (Note 9) 809.0 655.6
Total current assets 11,303.8 11,781.2
Investments in equity affiliates 415.3 394.5
Property, plant and equipment, net of accumulated depreciation of $2,098.8 in 2019 and $2,068.5 in 2018 3,345.0 3,259.8
Operating lease right-of-use assets (Note 4) 967.5 0.0
Goodwill 7,609.2 7,607.6
Intangible assets, net of accumulated amortization of $715.3 in 2019 and $658.1 in 2018 1,123.7 1,176.7
Deferred income taxes 373.8 232.4
Derivative financial instruments (Note 18) 39.8 18.3
Other assets 334.6 314.0
Total assets 25,512.7 24,784.5
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 12) 80.7 67.4
Operating lease liabilities (Note 4) 270.8 0.0
Accounts payable, trade 2,488.7 2,600.3
Contract liabilities 4,354.6 4,085.1
Accrued payroll 346.6 394.7
Derivative financial instruments (Note 18) 126.9 138.4
Income taxes payable 112.0 81.9
Other current liabilities (Note 9) 1,796.5 1,771.6
Total current liabilities 9,576.8 9,139.4
Long-term debt, less current portion (Note 12) 3,701.1 4,124.3
Operating lease liabilities (Note 4) 774.8 0.0
Deferred income taxes 222.6 209.2
Accrued pension and other post-retirement benefits, less current portion 283.1 298.9
Derivative financial instruments (Note 18) 75.2 44.9
Other liabilities 460.2 540.4
Total liabilities 15,093.8 14,357.1
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest (Note 19) 38.5 38.5
Stockholders’ equity (Note 13)    
Ordinary shares, $1.00 par value; 618.3 shares and 618.3 shares authorized in 2019 and 2018, respectively; 446.5 shares and 450.5 shares issued and outstanding in 2019 and 2018, respectively; 4.0 and 14.8 shares canceled in 2019 and 2018, respectively 446.5 450.5
Ordinary shares held in employee benefit trust, at cost; nil and 0.1 shares in 2019 and 2018, respectively 0.0 (2.4)
Capital in excess of par value of ordinary shares 10,152.4 10,197.0
Retained earnings 1,084.0 1,072.2
Accumulated other comprehensive loss (1,348.3) (1,359.7)
Total TechnipFMC plc stockholders’ equity 10,334.6 10,357.6
Noncontrolling interests 45.8 31.3
Total equity 10,380.4 10,388.9
Total liabilities and equity $ 25,512.7 $ 24,784.5