OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2021

Other Current Assets and Other Current Liabilities [Abstract]

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES

Other current assets consisted of the following:

(In millions)	March 31, 2021		December 31, 2020
Value - added tax receivables	$	260.1	$	236.4
Prepaid expenses	95.4		78.1
Other tax receivables	80.0		73.8
Sundry receivables	74.1		138.4
Assets held for sale	47.4		47.3
Current financial assets at amortized cost	30.9		40.6
Held-to-maturity investments	—		24.2
Other	37.9		24.1
Total other current assets	$	625.8	$	662.9

Other current liabilities consisted of the following:

(In millions)	March 31, 2021		December 31, 2020
Warranty accruals and project contingencies	$	193.2	$	168.8
Legal provisions	129.6		127.6
Value - added tax and other taxes payable	126.2		91.4
BPI Share Purchase Agreement payable	100.0		—
Social security liability	65.9		67.9
Taxes payable to Technip Energies due to separation	59.0		—
Provisions	36.1		53.0
Compensation accrual	18.6		54.3
Current portion of accrued pension and other post-retirement benefits	7.1		6.9
Other accrued liabilities	249.9		230.2
Total other current liabilities	$	985.6	$	800.1