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BUSINESS SEGMENTS
 12 Months Ended
Dec. 31, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide, which corresponds to the manner in which our Chair and Chief Executive Officer, as our chief operating decision maker, reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. We now operate under two reportable segments: Subsea and Surface Technologies.
•Subsea - designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.
•Surface Technologies - designs and manufactures products and systems and provides services used by oil and gas companies involved in land and shallow water exploration and production of crude oil and natural gas; designs, manufactures, and supplies technologically advanced high-pressure valves and fittings for oilfield service companies; and also provides flowback and well testing services.
Segment operating profit (loss) is defined as total segment revenue less segment operating expenses. Income (loss) from equity method investments is included in computing segment operating profit. The following items have been excluded in computing segment operating profit (loss): corporate staff expense, foreign exchange gains (losses), income (loss) from investment in Technip Energies, loss on early extinguishment of debt, net interest income (expense) associated with corporate debt facilities and income taxes.
Our customers are the major integrated oil companies, national oil companies and independent exploration and production companies that are active in the geographic areas in which we operate. For the year ended December 31, 2022, the largest Subsea segment client Petrobras accounted for more than 10 percent of our 2022 consolidated revenue.
Information by business segment
Segment revenue and segment operating profit (loss) were as follows:
 Year Ended December 31,
(In millions)202220212020
Segment revenue
Subsea$5,461.2 $5,329.1 $5,471.4 
Surface Technologies1,239.2 1,074.4 1,059.2 
Total revenue$6,700.4 $6,403.5 $6,530.6 
Segment operating profit (loss)
Subsea$317.6 $141.4 $(2,815.5)
Surface Technologies58.3 42.0 (429.3)
Total segment operating profit (loss)375.9 183.4 (3,244.8)
Corporate items
Corporate expense (a)
(104.7)(118.1)(131.9)
Net interest expense(120.9)(143.3)(81.8)
Loss on early extinguishment of debt(29.8)(61.9)— 
Income (loss) from investment in Technip Energies(27.7)322.2 — 
Foreign exchange gains (losses)(23.9)15.8 (40.2)
Total corporate items(307.0)14.7 (253.9)
Income (loss) before income taxes(b)
$68.9 $198.1 $(3,498.7)
(a)Corporate expense includes corporate staff expenses, share-based compensation expenses and other employee benefits.
(b)Includes amounts attributable to non-controlling interests.
Segment assets were as follows:
 December 31,
(In millions)20222021
Segment assets
Subsea$6,455.1 $6,532.5 
Surface Technologies1,334.5 1,420.0 
Total segment assets7,789.6 7,952.5 
Corporate (a)
1,654.7 2,067.6 
Total assets$9,444.3 $10,020.1 
(a)Corporate includes cash, investment in Technip Energies, LIFO adjustments, deferred income tax balances, property, plant and equipment and intercompany eliminations not associated with a specific segment, pension assets and the fair value of derivative financial instruments.
Other business segment information is as follows:
Capital ExpendituresDepreciation and
Amortization		Research and
Development Expense
 Year Ended December 31,Year Ended December 31,Year Ended December 31,
(In millions)202220212020202220212020202220212020
Subsea$120.2 $149.4 $213.6 $304.3 $317.2 $324.9 $62.2 $73.2 $66.5 
Surface Technologies31.9 36.8 38.5 70.0 64.8 70.1 4.8 5.2 8.8 
Corporate5.8 5.5 4.0 2.9 3.4 17.1 — — — 
Total$157.9 $191.7 $256.1 $377.2 $385.4 $412.1 $67.0 $78.4 $75.3 

Information by geography
Revenue by geography was identified based on the country where our products and services were delivered, and is as follows:
Year Ended December 31,
(In millions)202220212020
Revenue
United States$1,348.4 $1,137.2 $1,320.1 
Brazil1,047.3 767.8 600.6 
Norway907.6 979.9 1,216.6 
United Kingdom710.3 542.5 489.0 
Guyana369.1 314.7 330.1 
Australia295.4 419.8 122.5 
Mozambique284.4 472.0 320.4 
Angola247.9 406.3 482.8 
Malaysia228.5 206.9 190.0 
Ghana184.7 73.4 34.0 
Singapore126.5 216.3 219.9 
India121.4 109.8 26.8 
United Arab Emirates117.8 49.4 39.2 
Israel117.3 26.8 179.3 
Indonesia42.6 224.9 280.0 
Trinidad6.7 78.1 106.3 
All other countries544.5 377.7 573.0 
Total revenue$6,700.4 $6,403.5 $6,530.6 

Long-lived assets by geography represent property, plant and equipment, net, and are as follows:
 December 31,
(In millions)20222021
Long-lived assets
United Kingdom$741.6 $882.9 
Netherlands387.0 414.7 
United States357.2 383.4 
Brazil306.4 265.5 
Norway225.3 271.9 
All other countries337.4 378.8 
Total long-lived assets$2,354.9 $2,597.2