FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were as follows:

	June 30, 2022								December 31, 2021
(In millions)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets
Investments
Investment in Technip Energies	$	—	$	—	$	—	$	—	$	317.3	$	317.3	$	—	$	—
Equity securities(a)	19.9		19.9		—		—		25.0		25.0		—		—
Money market fund	2.0		—		2.0		—		2.4		—		2.4		—
Stable value fund(b)	0.3		—		—		—		0.3		—		—		—
Held-to-maturity debt securities	23.7		—		23.7		—		24.0		—		24.0		—
Derivative financial instruments
Foreign exchange contracts	238.1		—		238.1		—		120.8		—		120.8		—
Total assets	$	284.0	$	19.9	$	263.8	$	—	$	489.8	$	342.3	$	147.2	$	—
Liabilities
Derivative financial instruments
Foreign exchange contracts	395.0		—		395.0		—		176.5		—		176.5		—
Total liabilities	$	395.0	$	—	$	395.0	$	—	$	176.5	$	—	$	176.5	$	—

(a)Includes fixed income and other investments measured at fair value.

(b)Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy.

Schedule of Fair Value Measurements, Nonrecurring

The following summarizes impairments of our long-lived assets and related post-impairment fair value for the six months ended June 30, 2021:

	Six Months Ended June 30, 2021
(In millions)	Impairment		Fair Value
Long-lived assets(a)	$	19.6	$	31.6

(a)Measuring these asset groups for recoverability required the use of unobservable inputs that require significant judgment. Such judgments include expected future asset utilization in response to market conditions.