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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 4,809.5 $ 5,190.2
Trade receivables, net of allowances of $129.1 in 2020 and $95.4 in 2019 2,226.1 2,287.1
Contract with Customer, Asset, after Allowance for Credit Loss, Current 1,414.4 1,520.0
Inventories, net (Note 8) 1,370.2 1,416.0
Derivative financial instruments (Note 20) 201.9 101.9
Income taxes receivable 241.6 264.6
Advances paid to suppliers 280.0 242.9
Other current assets (Note 9) 938.0 863.7
Total current assets 11,481.7 11,886.4
Investments in equity affiliates 335.2 300.4
Property, plant and equipment, net of accumulated depreciation of $2,438.5 in 2020 and $2,288.8 in 2019 2,850.8 3,162.0
Operating lease right-of-use assets 854.7 892.6
Goodwill 2,470.7 5,598.3
Intangible assets, net of accumulated amortization of $634.9 in 2020 and $763.4 in 2019 1,026.9 1,086.6
Deferred income taxes 240.7 260.5
Derivative financial instruments (Note 20) 77.2 39.5
Other assets 256.5 292.5
Total assets 19,594.4 23,518.8
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 14) [1] 524.1 495.4
Operating lease liabilities 236.3 275.1
Accounts payable, trade 2,476.1 2,659.8
Contract liabilities 4,685.4 4,585.1
Accrued payroll 353.9 411.5
Derivative financial instruments (Note 20) 308.5 141.3
Income taxes payable 76.6 75.7
Other current liabilities (Note 9) 1,236.7 1,494.5
Total current liabilities 9,897.6 10,138.4
Long-term debt, less current portion (Note 14) 3,982.9 3,980.0
Operating lease liabilities 688.0 681.7
Deferred income taxes 77.8 138.2
Accrued pension and other post-retirement benefits, less current portion 327.3 368.6
Derivative financial instruments (Note 20) 67.2 52.7
Other liabilities 336.9 430.0
Total liabilities 15,377.7 15,789.6
Commitments and contingent liabilities (Note 18)
Redeemable non-controlling interest 41.1 41.1
Stockholders’ equity (Note 15)    
Ordinary shares, $1 par value; 618.3 shares and 618.3 shares authorized in 2020 and 2019, respectively; 449.3 shares and 447.1 shares issued and outstanding in 2020 and 2019, respectively; 0 and 4 shares canceled in 2020 and 2019, respectively 449.3 447.1
Capital in excess of par value of ordinary shares 10,213.6 10,182.8
Accumulated deficit (4,876.0) (1,563.1)
Accumulated other comprehensive loss (1,645.8) (1,407.5)
Total TechnipFMC plc stockholders’ equity 4,141.1 7,659.3
Non-controlling interests 34.5 28.8
Total equity 4,175.6 7,688.1
Total liabilities and equity $ 19,594.4 $ 23,518.8
[1] As of June 30, 2020 and December 31, 2019, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months.