Revenue (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following tables present products and services revenue by geography for each reportable segment for the three and nine months ended September 30, 2020 and 2019:

	Reportable Segments
	Three Months Ended
	September 30, 2020						September 30, 2019
(In millions)	Subsea		Technip Energies		Surface Technologies		Subsea		Technip Energies		Surface Technologies
Europe, Russia, Central Asia	$	478.3	$	821.5	$	43.6	$	390.8	$	682.4	$	55.5
Americas	493.5		199.1		64.8		513.1		156.9		171.0
Asia Pacific	220.6		255.9		25.7		171.0		311.7		50.3
Africa	254.2		248.6		10.5		143.6		158.6		14.9
Middle East	42.2		83.1		64.3		81.2		286.7		61.7
Total products and services revenue	$	1,488.8	$	1,608.2	$	208.9	$	1,299.7	$	1,596.3	$	353.4

	Reportable Segments
	Nine Months Ended
	September 30, 2020						September 30, 2019
(In millions)	Subsea		Technip Energies		Surface Technologies		Subsea		Technip Energies		Surface Technologies
Europe, Russia, Central Asia	$	1,327.9	$	2,074.6	$	142.2	$	1,250.0	$	1,975.2	$	171.3
Americas	1,437.9		794.6		295.2		1,232.0		514.2		564.1
Asia Pacific	543.7		804.5		88.0		448.4		889.1		139.4
Africa	637.0		660.5		38.8		663.2		330.1		41.1
Middle East	144.1		360.0		169.8		352.0		727.8		183.5
Total products and services revenue	$	4,090.6	$	4,694.2	$	734.0	$	3,945.6	$	4,436.4	$	1,099.4

The following tables represent revenue by contract type for each reportable segment for the three and nine months ended September 30, 2020 and 2019:

	Reportable Segments
	Three Months Ended
	September 30, 2020						September 30, 2019
(In millions)	Subsea		Technip Energies		Surface Technologies		Subsea		Technip Energies		Surface Technologies
Services	$	865.2	$	1,584.6	$	29.2	$	743.8	$	1,596.3	$	69.5
Products	623.6		23.6		179.7		555.9		—		283.9
Total products and services revenue	1,488.8		1,608.2		208.9		1,299.7		1,596.3		353.4
Lease	13.0		—		16.8		42.5		—		43.2
Total revenue	$	1,501.8	$	1,608.2	$	225.7	$	1,342.2	$	1,596.3	$	396.6

	Reportable Segments
	Nine Months Ended
	September 30, 2020						September 30, 2019
(In millions)	Subsea		Technip Energies		Surface Technologies		Subsea		Technip Energies		Surface Technologies
Services	$	2,346.9	$	4,639.3	$	115.7	$	2,359.6	$	4,436.4	$	213.5
Products	1,743.7		54.9		618.3		1,586.0		—		885.9
Total products and services revenue	4,090.6		4,694.2		734.0		3,945.6		4,436.4		1,099.4
Lease	42.8		—		62.9		90.6		—		110.3
Total revenue	$	4,133.4	$	4,694.2	$	796.9	$	4,036.2	$	4,436.4	$	1,209.7

Contract balances

The following table provides information about net contract liabilities as of September 30, 2020 and December 31, 2019:

(In millions)	September 30, 2020		December 31, 2019		$ change		% change
Contract assets	$	1,470.0	$	1,520.0	$	(50.0)	(3.3)
Contract (liabilities)	(4,643.4)		(4,585.1)		(58.3)		(1.3)
Net contract liabilities	$	(3,173.4)	$	(3,065.1)	$	(108.3)	(3.5)

Remaining revenue performance obligations

The following table details the order backlog for each business segment as of September 30, 2020:

(In millions)	2020		2021		Thereafter
Subsea	$	1,068.0	$	3,402.5	$	2,747.5
Technip Energies	1,611.0		5,790.1		4,658.1
Surface Technologies	146.4		203.7		18.8
Total order backlog	$	2,825.4	$	9,396.3	$	7,424.4