FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis were as follows:


	March 31, 2021								December 31, 2020
(In millions)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets
Investments

Investment in Technip Energies	$	1,249.0	$	1,249.0	$	—	$	—	$	—	$	—	$	—	$	—
Equity securities(a)	24.3		24.3		—		—		23.4		23.4		—		—
Money market fund	1.9		—		1.9		—		1.7		—		1.7		—
Stable value fund(b)	0.8		—		—		—		0.9		—		—		—

Held-to-maturity debt securities	—		—		—		—		24.2		—		24.2		—
Derivative financial instruments
Foreign exchange contracts	238.8		—		238.8		—		297.9		—		297.9		—
Assets held for sale	47.4		—		—		47.4		47.3		—		—		47.3
Total assets	$	1,562.2	$	1,273.3	$	240.7	$	47.4	$	395.4	$	23.4	$	323.8	$	47.3
Liabilities
Derivative financial instruments
Foreign exchange contracts	206.7		—		206.7		—		176.3		—		176.3		—

Total liabilities	$	206.7	$	—	$	206.7	$	—	$	176.3	$	—	$	176.3	$	—

(a)Includes fixed income and other investments measured at fair value.

(b)Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy.

Schedule of fair value measurements, nonrecurring

The following summarizes impairments of long-lived assets and related post-impairment fair value for the three

months ended March 31, 2021 and 2020:


	Three Months Ended March 31,
	2021				2020
(In millions)	Impairment		Fair Value (a)		Impairment		Fair Value (a)
Long-lived assets	$	18.8	$	31.6	$	104.6	$	269.6

(a)Measured as of the impairment date using the income approach and a 10.8% risk-adjusted rate of interest, resulting in a Level 3 fair value measurement.