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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue and segment operating profit
Segment revenue and segment operating profit were as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Segment revenue
 
 
 
 
 
 
 
Subsea
$
1,342.2

 
$
1,209.1

 
$
4,036.2

 
$
3,606.7

Onshore/Offshore
1,596.3

 
1,532.5

 
4,436.4

 
4,448.3

Surface Technologies
396.6

 
402.2

 
1,209.7

 
1,174.9

Total revenue
$
3,335.1

 
$
3,143.8

 
$
9,682.3

 
$
9,229.9

 
 
 
 
 
 
 
 
Segment operating profit (loss)
 
 
 
 
 
 
 
Subsea
$
(79.6
)
 
$
79.7

 
$
65.0

 
$
210.0

Onshore/Offshore
284.6

 
243.4

 
714.3

 
617.6

Surface Technologies
6.1

 
51.9

 
42.1

 
134.0

Total segment operating profit
$
211.1

 
$
375.0

 
$
821.4

 
$
961.6

 
 
 
 
 
 
 
 
Corporate items
 
 
 
 
 
 
 
Corporate expense(a)
$
(128.8
)
 
$
(68.1
)
 
$
(361.4
)
 
$
(200.9
)
Net interest expense
(116.5
)
 
(106.0
)
 
(345.3
)
 
(244.3
)
Total corporate items
(245.3
)
 
(174.1
)
 
(706.7
)
 
(445.2
)
Income (loss) before income taxes(b)
$
(34.2
)
 
$
200.9

 
$
114.7

 
$
516.4


(a)
Corporate expense primarily includes corporate staff expenses, legal reserve, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, merger transaction, integration expenses, and separation expenses.
(b)
Includes amounts attributable to noncontrolling interests.
Segment operating capital employed and segment assets
Segment assets were as follows:
(In millions)
September 30,
2019
 
December 31, 2018
Segment assets
 
 
 
Subsea
$
11,817.0

 
$
11,037.8

Onshore/Offshore
4,231.4

 
4,355.2

Surface Technologies
2,992.5

 
2,825.6

Intercompany eliminations
(30.6
)
 
(26.4
)
Total segment assets
19,010.3

 
18,192.2

Corporate (a)
5,769.4

 
6,592.3

Total assets
$
24,779.7

 
$
24,784.5

(a)
Corporate includes cash, deferred income tax balances, legal provisions, property, plant and equipment not associated with a specific segment, pension assets, the fair value of derivative financial instruments, and LIFO adjustments.