REVENUE (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables present total revenue by geography for each reportable segment for the three and six months ended June 30, 2022 and 2021:

	Reportable Segments
	Three Months Ended
	June 30, 2022				June 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Europe and Central Asia	$	403.6	$	40.3	$	411.3	$	55.1
Latin America	332.5		27.2		277.4		17.2
Africa	253.7		9.6		267.4		13.1
Asia Pacific	202.1		20.6		246.9		26.8
North America	176.8		144.5		189.6		92.8
Middle East	45.9		60.4		1.7		69.5
Total revenue	$	1,414.6	$	302.6	$	1,394.3	$	274.5

	Six Months Ended
	June 30, 2022				June 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Europe and Central Asia	$	759.6	$	79.5	$	679.7	$	98.9
Latin America	657.3		48.8		598.2		35.1
Africa	436.8		18.1		562.7		22.7
Asia Pacific	423.6		44.2		491.9		51.3
North America	377.2		260.7		419.7		167.3
Middle East	49.2		118.0		28.6		144.7
Total revenue	$	2,703.7	$	569.3	$	2,780.8	$	520.0

The following tables present total revenue by contract type for each reportable segment for the three and six months ended June 30, 2022 and 2021:

	Reportable Segments
	Three Months Ended
	June 30, 2022				June 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	920.4	$	54.5	$	875.1	$	38.3
Products	475.9		206.3		503.1		205.7
Lease	18.3		41.8		16.1		30.5
Total revenue	$	1,414.6	$	302.6	$	1,394.3	$	274.5

	Six Months Ended
	June 30, 2022				June 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	1,766.0	$	105.6	$	1,668.5	$	71.1
Products	907.4		388.9		1,084.9		396.9
Lease	30.3		74.8		27.4		52.0
Total revenue	$	2,703.7	$	569.3	$	2,780.8	$	520.0

Schedule of Contract Balances

The following table provides information about net contract assets (liabilities) as of June 30, 2022 and December 31, 2021:

(In millions)	June 30, 2022		December 31, 2021		$ change		% change
Contract assets	$	1,025.0	$	966.0	$	59.0	6.1
Contract liabilities	(804.4)		(1,012.9)		208.5		20.6
Net contract assets (liabilities)	$	220.6	$	(46.9)	$	267.5	570.4

Schedule of Remaining Revenue Performance Obligations

The following table details the order backlog for each business segment as of June 30, 2022:

(In millions)	2022		2023		Thereafter
Subsea	$	2,030.5	$	3,226.9	$	2,668.9
Surface Technologies	316.6		143.4		653.1
Total order backlog	$	2,347.1	$	3,370.3	$	3,322.0