FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 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:

	September 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	18.7		18.7		—		—		25.0		25.0		—		—
Money market and stable value funds	1.7		—		1.5		—		2.7		—		2.4		—
Held-to-maturity debt securities	15.0		—		15.0		—		24.0		—		24.0		—
Derivative financial instruments
Foreign exchange contracts	320.0		—		320.0		—		120.8		—		120.8		—
Total assets	$	355.4	$	18.7	$	336.5	$	—	$	489.8	$	342.3	$	147.2	$	—
Liabilities
Derivative financial instruments
Foreign exchange contracts	569.8		—		569.8		—		176.5		—		176.5		—
Total liabilities	$	569.8	$	—	$	569.8	$	—	$	176.5	$	—	$	176.5	$	—

Schedule of Fair Value Measurements, Nonrecurring

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

	Nine Months Ended September 30, 2021
(In millions)	Impairment		Fair Value
Long-lived assets(a)	$	20.9	$	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.