Planned Spin-off Transaction (Notes)

12 Months Ended

Dec. 31, 2019

Planned Spin-off Transaction [Abstract]

Spin-off [Text Block]

PLANNED SEPARATION TRANSACTION

On August 26, 2019, we announced that our Board of Directors had unanimously approved a plan to separate our Onshore/Offshore segment and loading systems business into an independent, publicly traded company (“Technip Energies”). The transaction is expected to be tax free to certain shareholders where permissible, including the U.S. We expect to complete the transaction in the second quarter of 2020, subject to general market conditions, regulatory approvals and final approval from our Board of Directors. Upon completion of the separation, the historical results of Technip Energies will be presented as discontinued operations as the separation represents a

strategic shift in operations with a major impact to our consolidated financial statements. We have incurred $72.1 million of separation costs associated with the planned transaction during the year ended December 31, 2019.