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Stockholders' Equity
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Dividends declared and paid during the years ended December 31, 2019, 2018 and 2017 were $232.8 million, $238.1 million and $60.6 million, respectively.
As an English public limited company, we are required under U.K. law to have available “distributable reserves” to conduct share repurchases or pay dividends to shareholders. Distributable reserves are a statutory requirement and are not linked to a U.S. GAAP reported amount (e.g. retained earnings). The declaration and payment of dividends require the authorization of our Board of Directors, provided that such dividends on issued share capital may be paid only out of our “distributable reserves” on our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium. On November 27, 2019, we redeemed 50,000 redeemable shares of £1 each and cancelled one deferred ordinary share of £1 in the capital of TechnipFMC.
The following is a summary of our capital stock activity for the years ended December 31, 2019, 2018 and 2017:
(Number of shares in millions)
Ordinary
Shares Issued
 
Ordinary Shares
Held in 
Employee
Benefit Trust
 
Treasury Stock
December 31, 2016
119.2

 
—

 
0.3

Net capital increases due to the merger of FMC Technologies and Technip
347.4

 
—

 
—

Stock awards
0.6

 
—

 
—

Treasury stock cancellation due to the merger of FMC Technologies and Technip
—

 
—

 
(0.3
)
Treasury stock purchases
—

 
—

 
2.1

Treasury stock cancellation
(2.1
)
 
—

 
(2.1
)
Net stock purchased for employee benefit trust
—

 
0.1

 
—

December 31, 2017
465.1

 
0.1

 
—

Stock awards
0.2

 
—

 
—

Treasury stock purchases
—

 
—

 
14.8

Treasury stock cancellation
(14.8
)
 
—

 
(14.8
)
Net stock purchased for employee benefit trust
—

 
—

 
—

December 31, 2018
450.5

 
0.1

 
—

Stock awards
0.6

 
—

 
—

Treasury stock purchases
—

 
—

 
4.0

Treasury stock cancellation
(4.0
)
 
—

 
(4.0
)
Net stock purchased for employee benefit trust
—

 
(0.1
)
 
—

December 31, 2019
447.1

 
—

 
—


The plan administrator of the Non-Qualified Plan purchases shares of our ordinary shares on the open market. Such shares are placed in a trust owned by a subsidiary.
In April 2017, the Board of Directors authorized the repurchase of $500.0 million in ordinary shares under our share repurchase program. We implemented our share repurchase plan in September 2017. The Board of Directors authorized an extension of this program, adding $300.0 million in December 2018 for a total of $800.0 million in ordinary shares. We repurchased 4.0 million of ordinary shares for a total consideration of $92.7 million during the year ended December 31, 2019, under our authorized share repurchase program. The $500.0 million part of the program was completed on December 20, 2018. We intend to cancel repurchased shares and not hold them in treasury. Canceled treasury shares are accounted for using the constructive retirement method.
Accumulated other comprehensive income (loss) - Accumulated other comprehensive income (loss) consisted of the following:
(In millions)
Foreign Currency
Translation
 
Hedging
 
Defined Pension 
and Other
Post-Retirement
Benefits
 
Accumulated Other
Comprehensive 
Loss attributable to
TechnipFMC plc
 
Accumulated Other
Comprehensive 
Loss attributable
to Noncontrolling interest
December 31, 2017
$
(1,014.6
)
 
$
27.8

 
$
(16.9
)
 
$
(1,003.7
)
 
$
0.6

Other comprehensive income (loss) before reclassifications, net of tax
(178.7
)
 
(58.7
)
 
(74.5
)
 
(311.9
)
 
(4.6
)
Reclassification adjustment for net (gains) losses included in net income, net of tax
(41.1
)
 
(2.0
)
 
(1.0
)
 
(44.1
)
 
—

Other comprehensive income (loss), net of tax
(219.8
)
 
(60.7
)
 
(75.5
)
 
(356.0
)
 
(4.6
)
December 31, 2018
(1,234.4
)
 
(32.9
)
 
(92.4
)
 
(1,359.7
)
 
(4.0
)
Other comprehensive income (loss) before reclassifications, net of tax
16.3

 
8.9

 
(82.2
)
 
(57.0
)
 
(0.7
)
Reclassification adjustment for net (gains) losses included in net income, net of tax
(12.0
)
 
18.2

 
3.0

 
9.2

 
—

Other comprehensive income (loss), net of tax
4.3

 
27.1

 
(79.2
)
 
(47.8
)
 
(0.7
)
December 31, 2019
$
(1,230.1
)
 
$
(5.8
)
 
$
(171.6
)
 
$
(1,407.5
)
 
$
(4.7
)

Reclassifications out of accumulated other comprehensive income (loss) - Reclassifications out of accumulated other comprehensive income (loss) consisted of the following:
 
 
Year Ended
 
 
(In millions)
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
 
 
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified out of Accumulated Other Comprehensive Loss
 
Affected Line Item in the Consolidated Statement of Income
Gains on foreign currency translation
 
$
12.0

 
$
41.1

 
$
—

 
Other income (expense), net
 
 
 
 
 
 
 
 
 
Gains (losses) on hedging instruments
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
(26.6
)
 
$
(2.4
)
 
$
(39.3
)
 
Revenue
 
 
12.0

 
3.4

 
5.3

 
Costs of sales
 
 
—

 
(0.1
)
 
0.8

 
Selling, general and administrative expense
 
 
(9.1
)
 
1.0

 
(102.2
)
 
Other Income (expense), net
 
 
(23.7
)
 
1.9

 
(135.4
)
 
Income (loss) before income taxes
 
 
(5.5
)
 
(0.1
)
 
(34.2
)
 
Provision (benefit) for income taxes
 
 
$
(18.2
)
 
$
2.0

 
$
(101.2
)
 
Net income (loss)
 
 
 
 
 
 
 
 
 
Pension and other post-retirement benefits
 
 
 
 
 
 
 
 
Settlements and curtailments
 
(0.3
)
 
3.0

 
25.3

 
(a)
Amortization of actuarial gain (loss)
 
(2.5
)
 
(0.6
)
 
(2.5
)
 
(a)
Amortization of prior service credit (cost)
 
(1.0
)
 
(1.3
)
 
(1.0
)
 
(a)
 
 
(3.8
)
 
1.1

 
21.8

 
Income (loss) before income taxes
 
 
(0.8
)
 
0.1

 
9.1

 
Provision (benefit) for income taxes
 
 
$
(3.0
)
 
$
1.0

 
$
12.7

 
Net income (loss)
(a)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 23 for additional details).