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Business Segments
 12 Months Ended
Dec. 31, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide, which corresponds to the manner in which our Chairman and Chief Executive Officer, as our chief operating decision maker, reviews and evaluates operating performance to make decisions about resources to be allocated to the segment.
We report the results of operations in the following segments:
•Subsea - designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.
•Technip Energies - offers extensive experience, knowledge and unique project management capabilities in onshore and offshore hydrocarbon infrastructure businesses; it also combines its leading engineering and construction capabilities with its technological know-how, products and services to develop new solutions that will support the world’s energy transition.
•Surface Technologies - designs and manufactures products and systems and provides services used by oil and gas companies involved in land and shallow water exploration and production of crude oil and natural gas; designs, manufactures, and supplies technologically advanced high-pressure valves and fittings for oilfield service companies; and also provides flowback and well testing services.
Beginning in the first quarter of 2020, in anticipation of our separation transaction, we renamed our Onshore/Offshore segment to Technip Energies, which includes our Loading Systems business that was previously reported in the Surface Technologies segment and our process automation business, Cybernetix, that was previously reported in the Subsea segment. Prior year information has not been restated due to these businesses not being material. Subsequent to the Spin-off, we operate under two reporting segments: Subsea and Surface Technologies, for further details see Note 3 for further details.
Segment operating profit (loss) is defined as total segment revenue less segment operating expenses. Income (loss) from equity method investments is included in computing segment operating profit. The following items have been excluded in computing segment operating profit (loss): corporate staff expense, net interest income (expense) associated with corporate debt facilities, income taxes, and other revenue and other expense, net.
Information by business segment
Segment revenue and segment operating profit (loss) were as follows:
 Year Ended December 31,
(In millions)202020192018
Segment revenue
Subsea$5,471.4 $5,523.0 $4,840.0 
Technip Energies6,520.0 6,268.8 6,120.7 
Surface Technologies1,059.2 1,617.3 1,592.2 
Total revenue$13,050.6 $13,409.1 $12,552.9 
Segment operating profit (loss)
Subsea$(2,815.5)$(1,447.7)$(1,529.5)
Technip Energies683.6 959.6 824.0 
Surface Technologies(429.3)(656.1)172.8 
Total segment operating loss(2,561.2)(1,144.2)(532.7)
Corporate items
Impairment, restructuring and other expenses(10.0)(17.4)(18.9)
Separation costs(39.5)(72.1)— 
Merger transaction and integration costs— (31.2)(36.5)
Legal expenses— (54.6)(280.0)
Other corporate expenses (a)
(152.0)(218.1)(142.6)
Corporate expense(201.5)(393.4)(478.0)
Interest income56.6 116.5 121.4 
Interest expense(349.6)(567.8)(482.3)
Foreign exchange losses(28.8)(146.9)(116.5)
Total corporate items(523.3)(991.6)(955.4)
Loss before income taxes (b)
$(3,084.5)$(2,135.8)$(1,488.1)
(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.
During the year ended December 31, 2020, revenue from Arctic LNG exceeded 10% of our consolidated revenue. During the years ended December 31, 2019 and 2018, revenue from Yamal LNG exceeded 10% of our consolidated revenue.
Segment assets were as follows:
 December 31,
(In millions)20202019
Segment assets
Subsea$6,796.6 $10,824.2 
Technip Energies5,058.3 4,448.8 
Surface Technologies1,758.3 2,246.4 
Total segment assets13,613.2 17,519.4 
Corporate (a)
6,079.4 5,999.4 
Total assets$19,692.6 $23,518.8 
(a)Corporate includes cash, LIFO adjustments, deferred income tax balances, property, plant and equipment and intercompany eliminations not associated with a specific segment, pension assets and the fair value of derivative financial instruments.
Other business segment information is as follows:
Capital ExpendituresDepreciation and
Amortization		Research and
Development Expense
 Year Ended December 31,Year Ended December 31,Year Ended December 31,
(In millions)202020192018202020192018202020192018
Subsea$213.6 $287.7 $223.2 $324.9 $345.6 $440.4 $66.5 $134.4 $145.2 
Technip Energies13.0 22.6 7.6 34.2 38.7 38.2 44.5 13.2 29.7 
Surface Technologies38.5 96.6 111.9 70.1 107.9 66.6 8.8 15.3 14.3 
Corporate26.7 47.5 25.4 18.0 17.4 5.2 — — — 
Total$291.8 $454.4 $368.1 $447.2 $509.6 $550.4 $119.8 $162.9 $189.2 
Information by geography
Sales by geography were identified based on the country where our products and services were delivered, and are as follows:
Year Ended December 31,
(In millions)202020192018
Revenue
Russia$2,451.5 $2,378.0 $2,773.3 
United States2,141.4 1,931.2 1,275.8 
Norway1,393.5 1,371.1 1,202.6 
Brazil698.8 1,099.7 1,478.7 
United Kingdom513.8 540.8 442.1 
Angola488.5 447.8 385.7 
Egypt445.9 177.6 13.2 
Mozambique391.4 166.1 116.2 
India386.4 518.0 214.0 
Senegal353.0 176.5 1.2 
Vietnam340.7 72.1 34.7 
Israel333.6 757.0 243.8 
Guyana330.1 7.2 7.6 
Australia320.8 372.8 926.6 
Singapore312.2 64.9 23.4 
Indonesia286.9 237.6 130.7 
Malaysia281.7 283.8 362.3 
France186.9 92.8 138.9 
China151.4 272.9 112.3 
United Arab Emirates147.9 327.2 460.3 
All other countries1,094.2 2,114.0 2,209.5 
Total revenue$13,050.6 $13,409.1 $12,552.9 
Long-lived assets by geography represent property, plant and equipment, net, and are as follows:
 December 31,
(In millions)20202019
Long-lived assets
United Kingdom$936.2 $957.1 
United States467.5 558.1 
Netherlands419.5 493.0 
Norway312.2 333.0 
Brazil260.0 313.2 
All other countries466.4 507.6 
Total long-lived assets$2,861.8 $3,162.0