Revenue (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following tables present products and services revenue by geography for each reportable segment for the three months ended March 31, 2020 and 2019:

	Reportable Segments
	Three Months Ended
	March 31, 2020						March 31, 2019
(In millions)	Subsea		Technip Energies		Surface Technologies		Subsea		Technip Energies		Surface Technologies
Europe, Russia, Central Asia	$	423.1	$	607.3	$	50.3	$	399.6	$	641.6	$	55.8
Americas	436.5		296.7		149.3		377.1		160.4		193.2
Asia Pacific	137.6		283.8		34.3		99.7		301.9		45.0
Africa	214.6		209.8		13.6		145.8		60.4		11.3
Middle East	21.8		150.1		50.5		135.2		170.8		52.6
Total products and services revenue	$	1,233.6	$	1,547.7	$	298.0	$	1,157.4	$	1,335.1	$	357.9

The following tables represent revenue by contract type for each reportable segment for the three months ended March 31, 2020 and 2019:

	Reportable Segments
	Three Months Ended
	March 31, 2020						March 31, 2019
(In millions)	Subsea		Technip Energies		Surface Technologies		Subsea		Technip Energies		Surface Technologies
Services	$	717.5	$	1,534.1	$	56.1	$	645.6	$	1,335.1	$	70.4
Products	516.1		13.6		241.9		511.8		—		287.5
Total products and services revenue	1,233.6		1,547.7		298.0		1,157.4		1,335.1		357.9
Lease	19.5		—		31.5		27.9		—		34.7
Total revenue	$	1,253.1	$	1,547.7	$	329.5	$	1,185.3	$	1,335.1	$	392.6

Contract balances

The following table provides information about net contract liabilities as of March 31, 2020 and December 31, 2019:

(In millions)	March 31, 2020			December 31, 2019			$ change			% change
Contract assets	$	1,402.9		$	1,520.0		$	(117.1	)	(7.7	)
Contract (liabilities)	(4,653.5		)	(4,585.1		)	(68.4		)	(1.5	)
Net contract liabilities	$	(3,250.6	)	$	(3,065.1	)	$	(185.5	)	(6.1	)

Remaining revenue performance obligations

The following table details the order backlog for each business segment as of March 31, 2020:

(In millions)	2020		2021		Thereafter
Subsea	$	3,100.0	$	2,800.0	$	1,873.5
Technip Energies	4,828.3		5,232.0		3,706.3
Surface Technologies	283.8		136.8		1.4
Total order backlog	$	8,212.1	$	8,168.8	$	5,581.2