EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share data)	2021		2020		2021		2020
Income (loss) from continuing operations attributable to TechnipFMC plc	$	(40.6)	$	(64.7)	$	215.0	$	(3,477.1)
Income (loss) from discontinued operations attributable to TechnipFMC plc	8.4		60.8		(46.0)		228.8
Net income (loss) attributable to TechnipFMC plc	$	(32.2)	$	(3.9)	$	169.0	$	(3,248.3)
Weighted average number of shares outstanding	450.7		449.4		450.4		448.4
Dilutive effect of restricted stock units	—		—		3.9		—
Dilutive effect of performance shares	—		—		0.4		—
Total shares and dilutive securities	450.7		449.4		454.7		448.4
Basic and diluted earnings (loss) per share attributable to TechnipFMC plc:
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc
Basic	$	(0.09)	$	(0.14)	$	0.48	$	(7.75)
Diluted	$	(0.09)	$	(0.14)	$	0.47	$	(7.75)
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc
Basic and diluted	$	0.02	$	0.14	$	(0.10)	$	0.51
Total earnings (loss) per share attributable to TechnipFMC plc
Basic	$	(0.07)	$	(0.01)	$	0.38	$	(7.24)
Diluted	$	(0.07)	$	(0.01)	$	0.37	$	(7.24)

For the three months ended September 30, 2021 and September 30, 2020, we incurred a loss from continuing operations; therefore, the impact of 4.3 million and 0.6 million shares were anti-dilutive. For the nine months ended September 30, 2020, we incurred a loss from continuing operations; therefore, the impact of 3.6 million shares were anti-dilutive.

Weighted average shares of the following share-based compensation awards were excluded from the calculation of diluted weighted average number of shares, where the assumed proceeds exceed the average market price from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(millions of shares)	2021	2020	2021	2020
Share option awards	1.7	4.7	1.6	4.7
Restricted share units	0.1	4.5	0.3	1.8
Performance shares	—	4.5	—	2.0
Total	1.8	13.7	1.9	8.5