BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting, Measurement Disclosures [Abstract]

Schedule of Segment Revenue and Segment Operating Profit

Segment revenue and segment operating profit were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2023		2022		2023		2022
Segment revenue
Subsea	$	1,618.4	$	1,414.6	$	3,006.0	$	2,703.7
Surface Technologies	353.8		302.6		683.6		569.3
Total segment revenue	$	1,972.2	$	1,717.2	$	3,689.6	$	3,273.0
Segment operating profit
Subsea	$	153.4	$	97.1	$	220.2	$	151.1
Surface Technologies	25.7		10.0		48.1		13.7
Total segment operating profit	$	179.1	$	107.1	$	268.3	$	164.8
Corporate items
Corporate expense(a)	(153.5)		(22.0)		(180.9)		(51.5)
Net interest expense	(30.3)		(27.7)		(49.0)		(61.6)
Loss on early extinguishment of debt	—		(29.8)		—		(29.8)
Income (loss) from investment in Technip Energies	—		0.8		—		(27.7)
Foreign exchange gains (losses)	(48.3)		(0.8)		(46.2)		27.6
Total corporate items	(232.1)		(79.5)		(276.1)		(143.0)
Income (loss) before income taxes(b)	$	(53.0)	$	27.6	$	(7.8)	$	21.8

(a)Corporate expense for the three and six months ended June 30, 2023, includes a non-recurring legal settlement charge of $126.5 million, the remaining balance primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits.

(b)Includes amounts attributable to non-controlling interests.