REVENUE (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021:

	Reportable Segments
	Three Months Ended
	September 30, 2022				September 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Latin America	$	411.7	$	30.1	$	211.5	$	22.7
Europe and Central Asia	395.0		42.1		423.2		46.3
Africa	216.5		7.6		257.8		8.5
North America	205.1		146.2		174.7		99.3
Asia Pacific	162.7		26.4		244.9		20.9
Middle East	24.0		65.6		—		69.6
Total revenue	$	1,415.0	$	318.0	$	1,312.1	$	267.3

	Nine Months Ended
	September 30, 2022				September 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Europe and Central Asia	$	1,154.6	$	121.6	$	1,102.9	$	145.2
Latin America	1,069.0		78.9		809.7		57.8
Africa	653.3		25.7		822.6		31.2
Asia Pacific	586.3		70.6		736.8		72.2
North America	582.3		406.9		594.4		266.6
Middle East	73.2		183.6		26.5		214.3
Total revenue	$	4,118.7	$	887.3	$	4,092.9	$	787.3

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

	Reportable Segments
	Three Months Ended
	September 30, 2022				September 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	845.0	$	57.0	$	861.7	$	39.3
Products	556.0		222.6		441.6		198.4
Lease	14.0		38.4		8.8		29.6
Total revenue	$	1,415.0	$	318.0	$	1,312.1	$	267.3

	Nine Months Ended
	September 30, 2022				September 30, 2021
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	2,611.0	$	162.6	$	2,530.2	$	110.4
Products	1,463.4		611.5		1,526.5		595.3
Lease	44.3		113.2		36.2		81.6
Total revenue	$	4,118.7	$	887.3	$	4,092.9	$	787.3

Schedule of Contract Balances

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

(In millions)	September 30, 2022		December 31, 2021		$ change		% change
Contract assets	$	1,023.9	$	966.0	$	57.9	6.0
Contract liabilities	(711.1)		(1,012.9)		301.8		29.8
Net contract assets (liabilities)	$	312.8	$	(46.9)	$	359.7	767.0

Schedule of Remaining Revenue Performance Obligations

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

(In millions)	2022		2023		Thereafter
Subsea	$	996.1	$	3,747.3	$	2,859.8
Surface Technologies	256.2		286.1		695.5
Total order backlog	$	1,252.3	$	4,033.4	$	3,555.3