Business Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting, Measurement Disclosures [Abstract]

Segment revenue and segment operating profit

Segment revenue and segment operating profit were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2020		2019		2020		2019
Segment revenue
Subsea	$	1,501.8	$	1,342.2	$	4,133.4	$	4,036.2
Technip Energies	1,608.2		1,596.3		4,694.2		4,436.4
Surface Technologies	225.7		396.6		796.9		1,209.7
Total revenue	$	3,335.7	$	3,335.1	$	9,624.5	$	9,682.3
Segment operating profit (loss)
Subsea	$	20.3	$	(79.6)	$	(2,806.0)	$	65.0
Technip Energies	129.5		284.6		512.0		714.3
Surface Technologies	(7.0)		6.1		(444.4)		42.1
Total segment operating profit (loss)	$	142.8	$	211.1	$	(2,738.4)	$	821.4
Corporate items
Impairment, restructuring and other expenses	(3.8)		(3.2)		(9.3)		(13.5)
Separation costs	—		(9.4)		(27.1)		(9.4)
Merger transaction costs	—		(6.2)		—		(31.2)
Legal expenses	—		0.6		—		(54.6)
Other corporate expenses(a)	(23.9)		(57.4)		(89.3)		(169.9)
Corporate expense	(27.7)		(75.6)		(125.7)		(278.6)
Net interest expense	(91.8)		(116.5)		(238.5)		(345.3)
Foreign exchange gains (losses)	5.6		(53.2)		(43.5)		(82.8)
Total corporate items	(113.9)		(245.3)		(407.7)		(706.7)
Income (loss) before income taxes(b)	$	28.9	$	(34.2)	$	(3,146.1)	$	114.7

(a)Other corporate expenses primarily include corporate staff expenses, share-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)	September 30, 2020		December 31, 2019
Segment assets
Subsea	$	7,218.6	$	10,824.2
Technip Energies	4,696.7		4,448.8
Surface Technologies	1,450.5		2,246.4
Total segment assets	13,365.8		17,519.4
Corporate (a)	5,545.4		5,999.4
Total assets	$	18,911.2	$	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.