Equity Method Investments

9 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

EQUITY METHOD INVESTMENTS

Our income from equity affiliates included in each of our reporting segments was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2019		2018		2019		2018
Subsea	$	23.3	$	15.7	$	49.5	$	52.0
Onshore/Offshore	2.6		0.7		4.5		18.6
Income from equity affiliates	$	25.9	$	16.4	$	54.0	$	70.6

Summarized financial information for our equity method investments is presented below:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2019		2018		2019			2018
Revenue	$	624.2	$	250.7	$	1,693.4		$	792.8
Gross profit	76.6		51.7		167.4			163.0
Net income (loss)	46.1		34.2		(60.9		)	97.0

(in millions)	September 30, 2019		December 31, 2018
Current assets	$	1,498.2	$	1,217.0
Noncurrent assets	4,364.8		4,026.7
Current liabilities	1,740.7		1,511.9
Noncurrent liabilities	1,475.9		1,177.2