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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 4,999.4 $ 5,190.2
Trade receivables, net of allowances of $100.8 in 2020 and $95.4 in 2019 2,208.8 2,287.1
Contract assets 1,402.9 1,520.0
Inventories, net (Note 8) 1,347.5 1,416.0
Derivative financial instruments (Note 20) 353.3 101.9
Income taxes receivable 269.9 264.6
Advances paid to suppliers 279.7 242.9
Other current assets (Note 9) 968.6 863.7
Total current assets 11,830.1 11,886.4
Investments in equity affiliates 321.3 300.4
Property, plant and equipment, net of accumulated depreciation of $2,355.0 in 2020 and $2,288.8 in 2019 2,852.5 3,162.0
Operating lease right-of-use assets 826.4 892.6
Goodwill 2,461.0 5,598.3
Intangible assets, net of accumulated amortization of $779.7 in 2020 and $763.4 in 2019 1,049.5 1,086.6
Deferred income taxes 238.5 260.5
Derivative financial instruments (Note 20) 84.0 39.5
Other assets 264.3 292.5
Total assets 19,927.6 23,518.8
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 14) 586.7 495.4
Operating lease liabilities 245.0 275.1
Accounts payable, trade 2,551.2 2,659.8
Contract liabilities 4,653.5 4,585.1
Accrued payroll 368.7 411.5
Derivative financial instruments (Note 20) 485.6 141.3
Income taxes payable 120.4 75.7
Other current liabilities (Note 9) 1,403.5 1,494.5
Total current liabilities 10,414.6 10,138.4
Long-term debt, less current portion (Note 14) 3,823.9 3,980.0
Operating lease liabilities 644.9 681.7
Deferred income taxes 57.7 138.2
Accrued pension and other post-retirement benefits, less current portion 347.4 368.6
Derivative financial instruments (Note 20) 98.2 52.7
Other liabilities 416.6 430.0
Total liabilities 15,803.3 15,789.6
Commitments and contingent liabilities (Note 18)
Redeemable non-controlling interest 39.5 41.1
Stockholders’ equity (Note 15)    
Ordinary shares, $1.00 par value; 618.3 shares and 618.3 shares authorized in 2020 and 2019, respectively; 448.3 shares and 447.1 shares issued and outstanding in 2020 and 2019, respectively; 0.0 and 4.0 shares canceled in 2020 and 2019, respectively 448.3 447.1
Capital in excess of par value of ordinary shares 10,196.8 10,182.8
(Accumulated deficit) retained earnings (4,887.0) (1,563.1)
Accumulated other comprehensive loss (1,701.7) (1,407.5)
Total TechnipFMC plc stockholders’ equity 4,056.4 7,659.3
Non-controlling interests 28.4 28.8
Total equity 4,084.8 7,688.1
Total liabilities and equity $ 19,927.6 $ 23,518.8