BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting, Measurement Disclosures [Abstract]

Segment revenue and segment operating profit

Segment revenue and segment operating profit (loss) were as follows:

	Three Months Ended
	March 31,
(In millions)	2022		2021
Segment revenue
Subsea	$	1,289.1	$	1,386.5
Surface Technologies	266.7		245.5
Total revenue	$	1,555.8	$	1,632.0
Segment operating profit
Subsea	$	54.0	$	37.0
Surface Technologies	3.7		8.2
Total segment operating profit	$	57.7	$	45.2
Corporate items
Corporate expense(a)	(29.5)		(28.8)
Net interest expense	(33.9)		(34.5)
Loss on early extinguishment of debt	—		(23.5)
Income (loss) from investment in Technip Energies	(28.5)		470.1
Foreign exchange gains	28.4		28.1
Total corporate items	(63.5)		411.4
Income (loss) before income taxes(b)	$	(5.8)	$	456.6

(a)Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits.

(b)Includes amounts attributable to non-controlling interests.