FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 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: 

	December 31, 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	19.8		19.8		—		—		25.0		25.0		—		—
Money market and stable value funds	1.9		—		1.5		—		2.7		—		2.4		—
Held-to-maturity debt securities	16.0		—		16.0		—		24.0		—		24.0		—
Derivative financial instruments
Foreign exchange contracts	289.9		—		289.9		—		120.8		—		120.8		—
Total assets	$	327.6	$	19.8	$	307.4	$	—	$	489.8	$	342.3	$	147.2	$	—
Liabilities
Derivative financial instruments
Foreign exchange contracts	350.2		—		350.2		—		176.5		—		176.5		—
Total liabilities	$	350.2	$	—	$	350.2	$	—	$	176.5	$	—	$	176.5	$	—

Schedule of Fair Value Measurements, Nonrecurring

The following summarizes impairments of long-lived assets and related post-impairment fair value for the year ended December 31, 2021 and 2020:

	Year Ended December 31,
	2021				2020
(In millions)	Impairment		Fair Value		Impairment		Fair Value
Long-lived assets(a)	$	49.1	$	25.5	$	190.4	$	452.5

(a)Measuring these asset groups for recoverability required the use of unobservable inputs that require significant judgment. Such judgments include expected future asset utilization while taking into account reduced future capital spending by certain customers in response to market conditions.