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BUSINESS SEGMENTS
 12 Months Ended
Dec. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide, which corresponds to the manner in which our Chair and Chief Executive Officer, as our chief operating decision maker, reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. We now operate under two reportable segments: Subsea and Surface Technologies.
•Subsea - designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.
•Surface Technologies - designs and manufactures products and systems and provides services used by oil and gas companies involved in land and shallow water exploration and production of crude oil and natural gas; designs, manufactures, and supplies technologically advanced high-pressure valves and fittings for oilfield service companies; and also provides flowback and well testing services.
Segment operating profit (loss) is defined as total segment revenue less segment operating expenses. Income (loss) from equity method investments is included in computing segment operating profit. The following items have been excluded in computing segment operating profit (loss): corporate staff expense, foreign exchange gains (losses), income from investment in Technip Energies, net interest income (expense) associated with corporate debt facilities and income taxes.
Information by business segment
Segment revenue and segment operating profit (loss) were as follows:
 Year Ended December 31,
(In millions)202120202019
Segment revenue
Subsea$5,329.1 $5,471.4 $5,419.5 
Surface Technologies1,074.4 1,059.2 1,530.7 
Total revenue$6,403.5 $6,530.6 $6,950.2 
Segment operating profit (loss)
Subsea$141.4 $(2,815.5)$(1,442.7)
Surface Technologies42.0 (429.3)(662.7)
Total segment operating profit (loss)183.4 (3,244.8)(2,105.4)
Corporate items
Merger transaction and integration costs— — (14.2)
Legal expenses— — (33.0)
Other corporate expenses (a)
(118.1)(131.9)(191.7)
Net interest expense(143.3)(81.8)(91.3)
Loss on early extinguishment of debt(61.9)— — 
Income from investment in Technip Energies322.2 — — 
Foreign exchange gains (losses)15.8 (40.2)(135.5)
Total corporate items14.7 (253.9)(465.7)
Income (loss) before income taxes(b)
$198.1 $(3,498.7)$(2,571.1)
(a)Other corporate expenses primarily include corporate staff expenses, share-based compensation expenses, certain long-lived assets impairments, restructuring and other expenses and other employee benefits.
(b)Includes amounts attributable to non-controlling interests.
Segment assets were as follows:
 December 31,
(In millions)20212020
Segment assets
Subsea$6,532.5 $6,796.6 
Surface Technologies1,420.0 1,758.3 
Total segment assets7,952.5 8,554.9 
Corporate (a)
2,067.6 2,129.1 
Assets from discontinued operations— 9,008.6 
Total assets$10,020.1 $19,692.6 
(a)Corporate includes cash, investment in Technip Energies, LIFO adjustments, deferred income tax balances, property, plant and equipment and intercompany eliminations not associated with a specific segment, pension assets and the fair value of derivative financial instruments.
Other business segment information is as follows:
Capital ExpendituresDepreciation and
Amortization		Research and
Development Expense
 Year Ended December 31,Year Ended December 31,Year Ended December 31,
(In millions)202120202019202120202019202120202019
Subsea$149.4 $213.6 $287.5 $317.2 $324.9 $345.0 $73.2 $66.5 $134.2 
Surface Technologies36.8 38.5 96.0 64.8 70.1 107.1 5.2 8.8 15.3 
Corporate5.5 4.0 29.2 3.4 17.1 15.6 — — — 
Total$191.7 $256.1 $412.7 $385.4 $412.1 $467.7 $78.4 $75.3 $149.5 

Information by geography
Revenue by geography was identified based on the country where our products and services were delivered, and is as follows:
Year Ended December 31,
(In millions)202120202019
Revenue
United States$1,137.2 $1,320.1 $1,458.6 
Norway979.9 1,216.6 1,352.6 
Brazil767.8 600.6 1,086.2 
United Kingdom542.5 489.0 535.8 
Mozambique472.0 320.4 80.0 
Australia419.8 122.5 133.4 
Angola406.3 482.8 498.1 
Guyana314.7 330.1 7.2 
Indonesia224.9 280.0 262.6 
Singapore216.3 219.9 190.5 
Malaysia206.9 190.0 197.2 
India109.8 26.8 — 
Trinidad78.1 106.3 42.8 
Israel26.8 179.3 319.6 
All other countries500.5 646.2 785.6 
Total revenue$6,403.5 $6,530.6 $6,950.2 
Long-lived assets by geography represent property, plant and equipment, net, and are as follows:
 December 31,
(In millions)20212020
Long-lived assets
United Kingdom$882.9 $928.8 
Netherlands414.7 417.6 
United States383.4 439.1 
Norway271.9 312.1 
Brazil265.5 259.9 
All other countries378.8 398.7 
Total long-lived assets$2,597.2 $2,756.2