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BUSINESS SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue, segment operating profit and corporate items
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 operating capital employed and segment assets
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.
Reconciliation of other significant reconciling items from segments to consolidated
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 
Geographic segment information
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