Goodwill And Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

During our annual impairment tests the following significant estimates were used by management in determining the fair values of reporting units in order to test the goodwill at October 31:


	2020	2019	2018
Year of cash flows before terminal value	4	4	5
Discount rates	15.0%	12.5% to 15.0%	12.0% to 13.0%
EBITDA multiples	N/A	6.0 - 8.5x	7.0 - 8.5x

Schedule of goodwill

The carrying amount of goodwill by reporting segment was as follows:


(In millions)	Subsea		Technip Energies		Surface Technologies		Total





December 31, 2018	4,142.4		2,447.7		1,017.5		7,607.6
Impairments	(1,321.9)		—		(666.8)		(1,988.7)
Purchase accounting adjustment	—		—		9.9		9.9
Other	—		(17.7)		—		(17.7)
Translation	(6.4)		(6.4)		—		(12.8)
December 31, 2019	2,814.1		2,423.6		360.6		5,598.3
Impairments	(2,747.5)		—		(335.9)		(3,083.4)
Transfers (a)	(21.2)		46.1		(24.9)		—

Translation	(45.4)		42.8		0.2		(2.4)
December 31, 2020	$	—	$	2,512.5	$	—	$	2,512.5

(a) Beginning in the first quarter of 2020, Technip Energies 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. See Note 7 for further details.

Schedule of finite-lived intangible assets

Intangible assets - The components of intangible assets were as follows:


	December 31,
	2020				2019
(In millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Acquired technology	$	247.1	$	98.1	$	246.7	$	73.6
Backlog	—		—		175.0		175.0
Customer relationships	285.4		114.4		285.4		85.9
Licenses, patents and trademarks	816.8		264.0		811.1		227.6
Software	232.1		178.9		215.9		151.1
Other	120.2		65.1		115.9		50.2
Total intangible assets	$	1,701.6	$	720.5	$	1,850.0	$	763.4