REVENUE (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of disaggregation of revenue

The following tables present total revenue by geography for each reportable segment for the three and six months ended June 30, 2021 and 2020:

	Reportable Segments
	Three Months Ended
	June 30, 2021				June 30, 2020
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Europe, Russia, Central Asia	$	414.6	$	55.1	$	422.8	$	49.6
North America	190.4		92.8		224.3		76.6
Latin America	263.9		17.2		296.7		15.3
Asia Pacific	250.1		26.8		187.7		30.3
Africa	270.5		13.1		166.5		14.5
Middle East	4.8		69.5		80.5		55.4
Total revenue	$	1,394.3	$	274.5	$	1,378.5	$	241.7

	Six Months Ended
	June 30, 2021				June 30, 2020
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Europe, Russia, Central Asia	$	679.7	$	98.9	$	853.3	$	102.4
North America	419.7		167.3		419.8		228.9
Latin America	598.2		35.1		545.8		39.8
Asia Pacific	491.9		51.3		326.4		65.1
Africa	562.7		22.7		383.6		28.6
Middle East	28.6		144.7		102.7		106.4
Total revenue	$	2,780.8	$	520.0	$	2,631.6	$	571.2

The following tables present total revenue by contract type for each reportable segment for the three and six months ended June 30, 2021 and 2020:

	Reportable Segments
	Three Months Ended
	June 30, 2021				June 30, 2020
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	875.1	$	38.3	$	764.2	$	29.7
Products	503.1		205.7		604.0		197.4
Lease	16.1		30.5		10.3		14.6
Total revenue	$	1,394.3	$	274.5	$	1,378.5	$	241.7

	Six Months Ended
	June 30, 2021				June 30, 2020
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	1,668.5	$	71.1	$	1,481.7	$	85.8
Products	1,084.9		396.9		1,120.1		439.3
Lease	27.4		52.0		29.8		46.1
Total revenue	$	2,780.8	$	520.0	$	2,631.6	$	571.2

Schedule of contract balances

The following table provides information about net contract assets (liabilities) as of June 30, 2021 and December 31, 2020:

(In millions)	June 30, 2021		December 31, 2020		$ change		% change
Contract assets	$	928.3	$	886.8	$	41.5	4.7
Contract (liabilities)	(833.6)		(1,046.8)		213.2		20.4
Net contract assets (liabilities)	$	94.7	$	(160.0)	$	254.7	159.2

Schedule of remaining revenue performance obligations

The following table details the order backlog for each business segment as of June 30, 2021:

(In millions)	2021		2022		Thereafter
Subsea	$	1,995.6	$	2,988.0	$	1,968.0
Surface Technologies	211.4		149.0		—
Total order backlog	$	2,207.0	$	3,137.0	$	1,968.0