LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Lease, Cost

The following table is a summary of the Company’s components of net lease cost for the years ended December 31, 2022, 2021, and 2020:

	Year Ended December 31,
(In millions)	2022		2021		2020
Operating and Finance lease costs	$	177.9	$	175.9	$	195.6
Short-term lease costs	14.0		5.2		11.0
Less: sublease income (1)	3.6		2.4		2.8
Net lease cost	$	188.3	$	178.7	$	203.8

(1) TechnipFMC currently subleases certain of its leased real estate and vessels to third parties.

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the years ended December 31, 2022, and 2021 is as follows:

	Year Ended December 31,
(In millions)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from leases	$	171.0	$	176.5
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	279.4	$	114.9
Finance leases	$	8.6	$	24.6

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases as of December 31, 2022 and 2021 is as follows:

	December 31,
(In millions, except lease term and discount rate)	2022		2021
Weighted average remaining lease term
Operating leases	11.5 years		13.3 years
Finance leases	0.6 years		1.1 years
Weighted average discount rate
Operating leases	5.8	%	5.9	%
Finance leases	3.2	%	1.2	%

Schedule of Maturities of Operating and Finance Leases Liabilities

Maturities of operating and finance lease liabilities as of December 31, 2022 are as follows:

(In millions)	Maturity of Operating Lease Liabilities		Maturity of Finance Lease Liabilities
2023	$	184.3	$	105.3
2024	148.7		2.7
2025	118.9		2.7
2026	96.2		1.9
2027	84.9		0.3
Thereafter	640.6		—
Total lease payments	1,273.6		112.9
Less: Imputed interest	401.8		59.6
Total lease liabilities (a)	$	871.8	$	53.3

(a)Includes the current portion of $188.0 million.