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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash provided (required) by operating activities    
Net (loss) $ (88.5) $ (45.9)
Net loss from discontinued operations 0.0 19.4
Adjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities    
Depreciation and amortization 190.0 189.9
Loss from investment in Technip Energies 0.0 27.7
Income from equity affiliates, net of dividends received (15.4) (9.3)
Loss on early extinguishment of debt 0.0 29.8
Other non-cash items, net 11.9 46.5
Changes in operating assets and liabilities, net of effects of acquisitions    
Trade receivables, net and Contract assets, net (478.1) (322.8)
Inventories, net (102.7) (43.5)
Accounts payable, trade 222.8 26.9
Contract liabilities 57.6 (176.4)
Income taxes payable, net 18.7 (35.6)
Other current assets and liabilities, net (5.1) (134.8)
Other non-current assets and liabilities, net (41.2) 1.8
Cash required by operating activities (230.0) (426.3)
Cash provided (required) by investing activities    
Capital expenditures (110.1) (63.4)
Proceeds from sales of assets 20.9 7.9
Proceeds from sale of investment in Technip Energies 0.0 288.5
Other investing activities 9.8 (3.5)
Cash provided (required) by investing activities (79.4) 229.5
Cash required by financing activities    
Net decrease in short-term debt (26.1) (173.5)
Cash settlement for derivative hedging debt (30.1) 0.0
Net increase in revolving credit facility 50.0 170.0
Repayments of long-term debt 0.0 (451.7)
Share repurchases (100.0) 0.0
Other financing activities (35.6) (5.5)
Cash required by financing activities (141.8) (460.7)
Effect of changes in foreign exchange rates on cash and cash equivalents (20.7) 15.0
Change in cash and cash equivalents (471.9) (642.5)
Cash and cash equivalents, beginning of period 1,057.1 1,327.4
Cash and cash equivalents, end of period $ 585.2 $ 684.9