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Business Segments (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue and segment operating profit
Segment revenue and segment operating profit were as follows:
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2020201920202019
Segment revenue
Subsea $1,378.5  $1,508.7  $2,631.6  $2,694.0  
Technip Energies1,538.3  1,505.0  3,086.0  2,840.1  
Surface Technologies241.7  420.5  571.2  813.1  
Total revenue$3,158.5  $3,434.2  $6,288.8  $6,347.2  
Segment operating profit (loss)
Subsea $(75.6) $94.6  $(2,826.3) $144.5  
Technip Energies231.3  274.0  382.5  429.7  
Surface Technologies(13.4) 25.5  (437.4) 36.0  
Total segment operating profit (loss)$142.3  $394.1  $(2,881.2) $610.2  
Corporate items
Impairment, restructuring and other expenses(1.9) (1.4) (5.5) (10.3) 
Separation costs—  —  (27.1) —  
Merger transaction costs—  (12.9) —  (25.0) 
Legal expenses—  (55.2) —  (55.2) 
Other corporate expenses(a)
(27.2) (51.4) (65.4) (112.4) 
Corporate expense(29.1) (120.9) (98.0) (202.9) 
Net interest expense(74.4) (140.6) (146.7) (228.8) 
Foreign exchange losses(5.8) (18.0) (49.1) (29.6) 
Total corporate items(109.3) (279.5) (293.8) (461.3) 
Income (loss) before income taxes(b)
$33.0  $114.6  $(3,175.0) $148.9  
(a)Other corporate expenses primarily include corporate staff expenses, stock-based compensation expenses, and other employee benefits.
(b)Includes amounts attributable to non-controlling interests.
Segment operating capital employed and segment assets
Segment assets were as follows:
(In millions)June 30,
2020
December 31, 2019
Segment assets
Subsea $7,314.9  $10,824.2  
Technip Energies 4,725.1  4,448.8  
Surface Technologies1,522.4  2,246.4  
Total segment assets13,562.4  17,519.4  
Corporate (a)
6,032.0  5,999.4  
Total assets$19,594.4  $23,518.8  
(a)Corporate includes cash, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.