BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting, Measurement Disclosures [Abstract]

Schedule of Segment Revenue and Segment Operating Profit

Segment revenue and segment operating profit (loss) were as follows:

	Year Ended December 31,
(In millions)	2022		2021		2020
Segment revenue
Subsea	$	5,461.2	$	5,329.1	$	5,471.4
Surface Technologies	1,239.2		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 Technologies	58.3		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.

Schedule of Segment Operating Capital Employed and Segment Assets

Segment assets were as follows:

	December 31,
(In millions)	2022		2021
Segment assets
Subsea	$	6,455.1	$	6,532.5
Surface Technologies	1,334.5		1,420.0
Total segment assets	7,789.6		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.

Schedule of Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Other business segment information is as follows:

	Capital Expenditures						Depreciation and Amortization						Research and Development Expense
	Year Ended December 31,						Year Ended December 31,						Year Ended December 31,
(In millions)	2022		2021		2020		2022		2021		2020		2022		2021		2020
Subsea	$	120.2	$	149.4	$	213.6	$	304.3	$	317.2	$	324.9	$	62.2	$	73.2	$	66.5
Surface Technologies	31.9		36.8		38.5		70.0		64.8		70.1		4.8		5.2		8.8
Corporate	5.8		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

Schedule of Geographic Segment Information

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)	2022		2021		2020
Revenue
United States	$	1,348.4	$	1,137.2	$	1,320.1
Brazil	1,047.3		767.8		600.6
Norway	907.6		979.9		1,216.6
United Kingdom	710.3		542.5		489.0
Guyana	369.1		314.7		330.1
Australia	295.4		419.8		122.5
Mozambique	284.4		472.0		320.4
Angola	247.9		406.3		482.8
Malaysia	228.5		206.9		190.0
Ghana	184.7		73.4		34.0
Singapore	126.5		216.3		219.9
India	121.4		109.8		26.8
United Arab Emirates	117.8		49.4		39.2
Israel	117.3		26.8		179.3
Indonesia	42.6		224.9		280.0
Trinidad	6.7		78.1		106.3
All other countries	544.5		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)	2022		2021
Long-lived assets
United Kingdom	$	741.6	$	882.9
Netherlands	387.0		414.7
United States	357.2		383.4
Brazil	306.4		265.5
Norway	225.3		271.9
All other countries	337.4		378.8
Total long-lived assets	$	2,354.9	$	2,597.2