REVENUE (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents total revenue by geography for each reportable segment for the years ended December 31, 2022, 2021 and 2020:

	Reportable Segments
	Year Ended December 31,
	2022				2021				2020
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies		Subsea		Surface Technologies
Europe, Central Asia	$	1,550.1	$	166.7	$	1,404.4	$	191.5	1,664.1		192.7
Latin America	1,460.1		112.1		1,157.7		86.7		1,042.4		76.6
Africa	865.6		37.6		1,057.3		44.0		908.6		46.9
North America	780.6		552.0		753.6		372.7		899.7		367.9
Asia Pacific	687.5		97.2		927.4		104.2		772.1		131.0
Middle East	117.3		273.6		28.7		275.3		184.5		244.1
Total revenue	$	5,461.2	$	1,239.2	$	5,329.1	$	1,074.4	$	5,471.4	$	1,059.2

The following table represents revenue by contract type for each reportable segment for the years ended December 31, 2022, 2021 and 2020:

	Reportable Segments
	Year Ended December 31,
	2022				2021				2020
(In millions)	Subsea		Surface Technologies		Subsea		Surface Technologies		Subsea		Surface Technologies
Services	$	3,410.4	$	217.9	$	3,282.0	$	158.7	$	3,121.1	$	150.2
Products	1,993.8		863.2		2,002.5		801.9		2,295.4		821.9
Lease(a)	57.0		158.1		44.6		113.8		54.9		87.1
Total revenue	$	5,461.2	$	1,239.2	$	5,329.1	$	1,074.4	$	5,471.4	$	1,059.2

(a)Represents revenue not subject to ASC Topic 606.

Schedule of Contract Balances

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

	December 31,
(In millions)	2022		2021		$ change		% change
Contract assets	$	981.6	$	966.0	$	15.6	1.6
Contract (liabilities)	(1,156.4)		(1,012.9)		(143.5)		(14.2)
Net contract (liabilities)	$	(174.8)	$	(46.9)	$	(127.9)	(272.7)

Schedule of Remaining Revenue Performance Obligations

The following table details the order backlog for each business segment as of December 31, 2022:

(In millions)	2023		2024		Thereafter
Subsea	$	3,919.0	$	2,900.6	$	1,311.9
Surface Technologies	537.4		126.8		557.3
Total remaining unsatisfied performance obligations	$	4,456.4	$	3,027.4	$	1,869.2