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STOCKHOLDERS’ EQUITY
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Cash dividends paid during the years ended December 31, 2021, 2020 and 2019 were nil, $59.2 million and $232.8 million, respectively.
As an English public limited company, we are required under U.K. law to have available “distributable reserves” to conduct share repurchases or pay dividends to shareholders. Distributable reserves are a statutory requirement and are not linked to a GAAP reported amount (e.g., retained earnings). The declaration and payment of dividends require the authorization of our Board of Directors, provided that such dividends on issued share capital may be paid only out of our “distributable reserves” on our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium. On November 27, 2019, we redeemed 50,000 redeemable shares of £1 each and cancelled one deferred ordinary share of £1 in the capital of TechnipFMC.
The following is a summary of our capital stock activity for the years ended December 31, 2021, 2020 and 2019:
(Number of shares in millions)Ordinary
Shares Issued
Ordinary Shares
Held in 
Employee
Benefit Trust
Treasury Stock
December 31, 2018450.5 0.1 — 
Stock awards0.6 — — 
Treasury stock purchases— — 4.0 
Treasury stock cancellation(4.0)— (4.0)
Net stock purchased for employee benefit trust— (0.1)— 
December 31, 2019447.1 — — 
Stock awards2.4 — — 
December 31, 2020449.5 — — 
Stock awards1.2 — — 
December 31, 2021450.7 — — 

In 2017, the Board of Directors authorized a share repurchase program of up to $500.0 million in ordinary shares and in December 2018, the Board of Directors authorized an extension of the share repurchase program of up to $300.0 million of additional shares. During the years ended December 31, 2021, 2020 and 2019, we repurchased nil, nil and $92.7 million of shares, respectively. As of December 31, 2021, we had $207.8 million of shares authorized for repurchase. Repurchased shares are canceled and not held in treasury. Canceled treasury shares are accounted for using the constructive retirement method.
Accumulated other comprehensive income (loss) - Accumulated other comprehensive income (loss) consisted of the following:
(In millions)Foreign Currency
Translation
HedgingDefined Pension 
and Other
Post-Retirement
Benefits
Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc
Accumulated Other
Comprehensive 
Loss Attributable
to Non-Controlling Interest
December 31, 2019$(1,230.1)$(5.8)$(171.6)$(1,407.5)$(4.7)
Other comprehensive income (loss) before reclassifications, net of tax(171.1)26.8 (92.9)(237.2)0.6 
Reclassification adjustment for net (gains) losses included in net income, net of tax— 13.0 9.2 22.2 — 
Other comprehensive income (loss), net of tax(171.1)39.8 (83.7)(215.0)0.6 
December 31, 2020$(1,401.2)$34.0 $(255.3)$(1,622.5)$(4.1)
Other comprehensive income (loss) before reclassifications, net of tax29.2 (19.8)70.8 80.2 (1.6)
Reclassification adjustment for net (gains) losses included in net income, net of tax— (11.8)18.0 6.2 — 
Other comprehensive income (loss), net of tax29.2 (31.6)88.8 86.4 (1.6)
Spin-off of Technip Energies213.6 (19.7)37.2 231.1 — 
December 31, 2021$(1,158.4)$(17.3)$(129.3)$(1,305.0)$(5.7)
Reclassifications out of accumulated other comprehensive income (loss) - Reclassifications out of accumulated other comprehensive income (loss) consisted of the following:
Year Ended December 31,
(In millions)202120202019
Details about Accumulated Other Comprehensive Loss ComponentsAmount Reclassified out of Accumulated Other Comprehensive LossAffected Line Item in the Consolidated Statement of Income
Gains on foreign currency translation$— $— $12.0 Other income (expense), net
Gains (losses) on hedging instruments
Foreign exchange contracts$(29.7)$(83.7)$(26.6)Revenue
10.7 68.5 12.0 Costs of sales
0.2 (0.4)— Selling, general and administrative expense
32.9 (4.4)(9.1)Other Income (expense), net
14.1 (20.0)(23.7)Income (loss) before income taxes
2.3 (7.0)(5.5)Provision (benefit) for income taxes
$11.8 $(13.0)$(18.2)Net income (loss)
Pension and other post-retirement benefits
Settlements and curtailments$(3.3)$(2.2)$(0.3)(a)
Amortization of actuarial gain (loss)(18.2)(9.0)(2.5)(a)
Amortization of prior service credit (cost)(0.5)(1.2)(1.0)(a)
(22.0)(12.4)(3.8)Income (loss) before income taxes
(4.0)(3.2)(0.8)Provision (benefit) for income taxes
$(18.0)$(9.2)$(3.0)Net income (loss)
(a)    These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 23 for further details).