Business Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting, Measurement Disclosures [Abstract]

Segment revenue and segment operating profit

Segment revenue and segment operating profit were as follows:

	Three Months Ended
	March 31,
(In millions)	2020			2019
Segment revenue
Subsea	$	1,253.1		$	1,185.3
Technip Energies	1,547.7			1,335.1
Surface Technologies	329.5			392.6
Total revenue	$	3,130.3		$	2,913.0
Segment operating profit (loss)
Subsea	$	(2,750.7	)	$	49.9
Technip Energies	151.2			155.7
Surface Technologies	(424.0		)	10.5
Total segment operating profit (loss)	$	(3,023.5	)	$	216.1
Corporate items
Corporate expense(a)	$	(112.2	)	$	(93.6	)
Net interest expense	(72.3		)	(88.2		)
Total corporate items	(184.5		)	(181.8		)
Income (loss) before income taxes(b)	$	(3,208.0	)	$	34.3

(a) Corporate expense primarily includes corporate staff expenses, legal reserve, stock-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger transaction integration and separation expenses.

(b)

Includes amounts attributable to non-controlling interests.

Segment operating capital employed and segment assets

Segment assets were as follows:

(In millions)	March 31, 2020			December 31, 2019
Segment assets
Subsea	$	7,510.5		$	10,824.2
Technip Energies	4,747.7			4,448.8
Surface Technologies	1,739.6			2,246.4
Intercompany eliminations	(26.4		)	(33.9		)
Total segment assets	13,971.4			17,485.5
Corporate (a)	5,956.2			6,033.3
Total assets	$	19,927.6		$	23,518.8

(a)

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