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Related Party Transactions
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Related Party Transactions RELATED PARTY TRANSACTIONS
Receivables, payables, revenues, and expenses, which are included in our consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows.
Trade receivables consisted of receivables due from the following related parties:
(In millions)June 30,
2020
December 31, 2019
TP JGC Coral France SNC$35.9  $40.1  
TTSJV W.L.L.16.8  22.4  
Novarctic SNC5.4  —  
Others19.1  14.3  
Total trade receivables$77.2  $76.8  
TP JGC Coral France SNC, TTSJV W.L.L. and Novarctic SNC are equity method affiliates.
Trade payables consisted of payables due to the following related parties:
(In millions)June 30,
2020
December 31, 2019
Chiyoda$16.6  $24.8  
JGC Corporation4.2  15.1  
IFP Energies nouvelles2.2  2.4  
Dofcon Navegacao1.5  2.1  
Others2.8  6.7  
Total trade payables$27.3  $51.1  
Chiyoda and JGC Corporation are joint venture partners on our Yamal project. A member of our Board of Directors served as an executive officer of IFP Energies nouvelles until June 2020. Dofcon Navegacao is an equity method affiliate.
Additionally, we have a note receivables balance of $52.8 million and $65.2 million at June 30, 2020 and December 31, 2019, respectively. The note receivables balance includes $50.1 million and $62.5 million with Dofcon Brasil AS as of June 30, 2020 and December 31, 2019, respectively. Dofcon Brasil AS is a variable interest entity (“VIE”) and accounted for as an equity method affiliate. These are included in other assets in our consolidated balance sheets.
Revenue consisted of amounts from the following related parties:
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2020201920202019
TTSJV W.L.L.$13.0  $22.7  $28.6  $75.5  
TP JGC Coral France SNC6.6  51.0  19.2  77.7  
Techdof Brasil AS2.4  —  4.4  —  
Dofcon Navegacao—  1.6  0.6  5.7  
Anadarko Petroleum Company—  12.1  —  40.8  
TOP CV—  2.7  —  4.0  
Others7.5  12.4  13.6  22.5  
Total revenue$29.5  $102.5  $66.4  $226.2  
A member of our Board of Directors (the “Director”) served on the Board of Directors of Anadarko Petroleum Company (“Anadarko”) until August 2019. In August 2019, Anadarko was acquired by Occidental Petroleum Corporation (“Occidental”). As a result, the Director no longer serves as a member of the Board of Directors of Anadarko. The Director is not an officer or director of Occidental.
Techdof Brasil AS is a wholly owned subsidiary of Dofcon Brasil AS, our equity method affiliate.
TOP CV was previously an equity method affiliate that became a fully consolidated subsidiary on December 30, 2019. See Note 3 for further details.
Expenses consisted of amount to the following related parties:
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2020201920202019
Dofcon Navegacao$3.8  $—  $11.8  $0.4  
Arkema S.A.2.4  9.8  2.8  9.8  
Magma Global Limited0.9  1.3  1.6  3.2  
IFP Energies nouvelles0.7  —  1.8  1.0  
Serimax Holdings SAS0.3  0.2  0.5  17.7  
JGC Corporation0.2  4.6  0.4  18.9  
Chiyoda—  3.4  —  17.6  
Others0.9  5.8  10.8  9.2  
Total expenses$9.2  $25.1  $29.7  $77.8  
Magma Global Limited and Serimax Holdings SAS are equity method affiliates. A member of our Board of Directors serves on the Board of Directors for Arkema S.A.