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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 4,244.0 $ 5,190.2
Trade receivables, net of allowances of $137.6 in 2020 and $95.4 in 2019 2,127.8 2,287.1
Contract with Customer, Asset, after Allowance for Credit Loss, Current 1,470.0 1,520.0
Inventories, net (Note 8) 1,339.1 1,416.0
Derivative financial instruments (Note 20) 310.7 101.9
Income taxes receivable 285.4 264.6
Advances paid to suppliers 219.2 242.9
Other current assets (Note 9) 1,037.9 863.7
Total current assets 11,034.1 11,886.4
Investments in equity affiliates 351.2 300.4
Property, plant and equipment, net of accumulated depreciation of $2,433.9 in 2020 and $2,288.8 in 2019 2,806.4 3,162.0
Operating lease right-of-use assets 742.1 892.6
Goodwill 2,488.7 5,598.3
Intangible assets, net of accumulated amortization of $670.4 in 2020 and $763.4 in 2019 1,002.3 1,086.6
Deferred income taxes 228.1 260.5
Derivative financial instruments (Note 20) 22.9 39.5
Other assets 235.4 292.5
Total assets 18,911.2 23,518.8
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 14) [1] 612.2 495.4
Operating lease liabilities 206.1 275.1
Accounts payable, trade 2,498.4 2,659.8
Contract liabilities 4,643.4 4,585.1
Accrued payroll 384.5 411.5
Derivative financial instruments (Note 20) 280.2 141.3
Income taxes payable 65.7 75.7
Other current liabilities (Note 9) 1,326.7 1,494.5
Total current liabilities 10,017.2 10,138.4
Long-term debt, less current portion (Note 14) 3,248.0 3,980.0
Operating lease liabilities, less current portion 626.2 681.7
Deferred income taxes 78.5 138.2
Accrued pension and other post-retirement benefits, less current portion 320.4 368.6
Derivative financial instruments (Note 20) 35.7 52.7
Other liabilities 309.4 430.0
Total liabilities 14,635.4 15,789.6
Commitments and contingent liabilities (Note 18)
Redeemable non-controlling interest 42.1 41.1
Stockholders’ equity (Note 15)    
Ordinary shares, $1 par value; 618.3 shares and 618.3 shares authorized in 2020 and 2019, respectively; 449.4 shares and 447.1 shares issued and outstanding in 2020 and 2019, respectively; 0 and 4 shares canceled in 2020 and 2019, respectively 449.4 447.1
Capital in excess of par value of ordinary shares 10,227.8 10,182.8
Accumulated deficit (4,879.0) (1,563.1)
Accumulated other comprehensive loss (1,609.1) (1,407.5)
Total TechnipFMC plc stockholders’ equity 4,189.1 7,659.3
Non-controlling interests 44.6 28.8
Total equity 4,233.7 7,688.1
Total liabilities and equity $ 18,911.2 $ 23,518.8
[1] As of September 30, 2020 and December 31, 2019, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months.