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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 522.3 $ 1,057.1
Trade receivables, net of allowances of $34.0 in 2023 and $34.1 in 2022 1,129.5 966.5
Contract assets, net of allowances of $1.6 in 2023 and $1.1 in 2022 1,221.5 981.6
Inventories, net (Note 7) 1,139.4 1,039.7
Derivative financial instruments (Note 15) 339.7 282.7
Income taxes receivable 128.4 125.3
Advances paid to suppliers 90.1 80.8
Other current assets (Note 8) 531.0 455.0
Total current assets 5,101.9 4,988.7
Investments in equity affiliates (Note 9) 339.1 325.0
Property, plant and equipment, net of accumulated depreciation of $2,578.2 in 2023 and $2,255.5 in 2022 2,356.1 2,354.9
Operating lease right-of-use assets 819.4 801.9
Finance lease right-of-use assets 56.4 51.6
Intangible assets, net of accumulated amortization of $684.5 in 2023 and $663.8 in 2022 694.9 716.0
Deferred income taxes 71.8 72.5
Derivative financial instruments (Note 15) 10.1 7.2
Other assets 128.1 126.5
Total assets 9,577.8 9,444.3
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 11) 385.0 367.3
Operating lease liabilities 138.4 136.1
Finance lease liabilities 1.8 51.9
Accounts payable, trade 1,413.2 1,282.8
Contract liabilities 1,172.6 1,156.4
Accrued payroll 172.5 175.6
Derivative financial instruments (Note 15) 385.3 346.6
Income taxes payable 104.7 96.7
Other current liabilities (Note 8) 484.2 560.9
Total current liabilities 4,257.7 4,174.3
Long-term debt, less current portion (Note 11) 1,005.7 999.3
Operating lease liabilities, less current portion 748.5 735.7
Financing lease liabilities, less current portion 57.0 1.4
Deferred income taxes 58.2 55.5
Accrued pension and other post-retirement benefits, less current portion 54.6 59.7
Derivative financial instruments (Note 15) 12.6 3.6
Other liabilities 140.8 138.1
Total liabilities 6,335.1 6,167.6
Commitments and contingent liabilities (Note 13)
Stockholders’ equity (Note 12)    
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2023 and 2022; 441.6 shares and 442.2 shares issued and outstanding in 2023 and 2022, respectively 441.6 442.2
Capital in excess of par value of ordinary shares 9,056.8 9,109.7
Accumulated deficit (5,009.5) (5,010.0)
Accumulated other comprehensive loss (1,288.1) (1,301.7)
Total TechnipFMC plc stockholders’ equity 3,200.8 3,240.2
Non-controlling interests 41.9 36.5
Total equity 3,242.7 3,276.7
Total liabilities and equity $ 9,577.8 $ 9,444.3