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Impairment, Restructuring and Other Expenses
3 Months Ended
Mar. 31, 2020
Restructuring and Related Activities [Abstract]  
Impairment, Restructuring and Other Expenses IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES
Impairment, restructuring and other expenses were as follows:
 
Three Months Ended
 
March 31,
(In millions)
2020
 
2019
Subsea
$
2,773.6

 
$
2.3

Technip Energies
6.8

 
3.8

Surface Technologies
424.4

 
1.5

Corporate and other
3.6

 
8.9

Total impairment, restructuring and other expenses
$
3,208.4

 
$
16.5


During the first quarter of 2020, triggering events were identified which led to impairments of certain long-lived assets, including goodwill.
During the three months ended March 31, 2020, impairment charges of $3,188.0 million were recorded. These charges included goodwill impairment charges of $2,747.5 million and $335.9 million in our Subsea and Surface Technologies segments, respectively. Refer to Note 13 for more information on the methods used in goodwill impairment testing.
For other long-lived assets, a conclusion was made that the market uncertainty was a triggering event for certain asset groups that serve short-cycle businesses in our Subsea and Surface Technologies segments. When assessing these asset groups for recoverability, this required the use of unobservable inputs that require significant judgment. Such judgments include expected future asset utilization while taking into account reduced future capital spending by certain customers in response to market conditions. As a result of this assessment, impairment charges of $29.0 million for Subsea, consisting mostly of installation and service equipment, and $75.6 million for Surface Technologies, consisting of North America-based fracturing and wellhead assets were recorded.
During the three months ended March 31, 2020 restructuring and other expenses of $20.4 million primarily consisted of severance and other employee related costs and COVID-19 related expenses across all segments.
Prolonged uncertainty in energy markets could lead to further future reductions in capital spending from our customer base. In turn, this may lead to changes in our strategy. Such conditions may result in further restructuring and/or impairment charges in future periods.