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STOCKHOLDERS’ EQUITY
 9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
On July 26, 2023, the Company announced that its Board of Directors authorized and declared a quarterly cash dividend of $0.05 per share. The cash dividend of $0.05 per share was paid on September 6, 2023, to shareholders of record as of the close of business on the New York Stock Exchange on August 22, 2023. The Company intends to pay dividends on a quarterly basis, and this dividend represents $0.20 per share on an annualized basis. Cash dividends paid during the three and nine months ended September 30, 2023 was $21.8 million.
As an English public limited company, we are required under U.K. law to have available “distributable reserves” to conduct share repurchases or pay dividends to shareholders. Distributable reserves are a statutory requirement and are not linked to a GAAP reported amount (e.g., retained earnings). The declaration and payment of dividends require the authorization of our Board of Directors, provided that such dividends on issued share capital may be paid only out of our “distributable reserves” on our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium.
On July 26, 2023, the Board of Directors authorized additional share repurchase of up to $400.0 million. Together with the existing program, the Company’s total share repurchase authorization was increased to $800.0 million of our outstanding ordinary shares under our share repurchase program. Pursuant to this share repurchase program, we repurchased $50.1 million of ordinary shares during the three months ended September 30, 2023. Since the initial share repurchase authorization in July 2022, we have purchased an aggregate amount of $250.3 million of ordinary shares through September 30, 2023. Based upon the remaining repurchase authority of $549.7 million and the closing stock price as of September 30, 2023, approximately 27.0 million ordinary shares could be subject to repurchase. All repurchased shares were immediately cancelled.
Accumulated other comprehensive income (loss) for three and nine months ended September 30, 2023 and 2022 consisted of the following:
(In millions)Foreign Currency
Translation		HedgingDefined Pension 
and Other
Post-Retirement
Benefits		Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc		Accumulated Other
Comprehensive 
Loss Attributable
to Non-Controlling Interest
June 30, 2023$(1,124.6)$(33.4)$(102.2)$(1,260.2)$(13.0)
Other comprehensive income (loss) before reclassifications, net of tax(57.6)5.7 0.5 (51.4)7.0 
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax— (12.4)2.3 (10.1)— 
Other comprehensive income (loss), net of tax(57.6)(6.7)2.8 (61.5)7.0 
September 30, 2023$(1,182.2)$(40.1)$(99.4)$(1,321.7)$(6.0)
June 30, 2022$(1,158.3)$(64.1)$(124.6)$(1,347.0)$(10.1)
Other comprehensive loss before reclassifications, net of tax(97.2)(33.4)(1.5)(132.1)(2.8)
Reclassification adjustment for net losses included in net income, net of tax— 6.7 3.0 9.7 — 
Other comprehensive income (loss), net of tax(97.2)(26.7)1.5 (122.4)(2.8)
September 30, 2022$(1,255.5)$(90.8)$(123.1)$(1,469.4)$(12.9)

(In millions)Foreign Currency
Translation		HedgingDefined Pension 
and Other
Post-Retirement
Benefits		Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc		Accumulated Other
Comprehensive 
Loss Attributable
to Non-Controlling Interest
December 31, 2022$(1,177.7)$(17.1)$(106.9)$(1,301.7)$(9.8)
Other comprehensive income (loss) before reclassifications, net of tax(4.4)(19.2)0.7 (22.9)3.8 
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax(0.1)(3.8)6.8 2.9 — 
Other comprehensive income (loss), net of tax(4.5)(23.0)7.5 (20.0)3.8 
September 30, 2023(1,182.2)(40.1)(99.4)(1,321.7)(6.0)
December 31, 2021$(1,158.4)$(17.3)$(129.3)$(1,305.0)$(5.7)
Other comprehensive loss before reclassifications, net of tax(97.1)(92.0)(3.0)(192.1)(7.2)
Reclassification adjustment for net losses included in net income (loss), net of tax— 18.5 9.2 27.7 — 
Other comprehensive income (loss), net of tax(97.1)(73.5)6.2 (164.4)(7.2)
September 30, 2022(1,255.5)(90.8)(123.1)(1,469.4)(12.9)
Reclassifications out of accumulated other comprehensive income (loss) consisted of the following:
Three Months EndedNine Months Ended
September 30,September 30,
(In millions)2023202220232022
Details about Accumulated Other Comprehensive Income (loss) ComponentsAmount Reclassified out of Accumulated Other Comprehensive
Income (Loss)		Affected Line Item in the Condensed Consolidated Statements of Income
Gains (losses) on hedging instruments
Foreign exchange contracts$(0.5)$(1.4)$(9.0)$(1.9)Revenue
21.7 (5.6)22.4 (12.6)Cost of sales
(0.1)— (0.2)(0.3)Selling, general and administrative expense
(2.1)(2.2)(6.5)(11.1)Other income (expense), net
19.0 (9.2)6.7 (25.9)Income (loss) before income taxes
6.6 (2.5)2.9 (7.4)Provision for income taxes
$12.4 $(6.7)$3.8 $(18.5)Net income (loss)
Pension and other post-retirement benefits
Amortization of prior service credit (cost)$(0.1)$(0.1)$(0.2)$(0.3)Other income (expense), net (a)
Amortization of net actuarial loss(2.7)(5.8)(5.1)(14.9)Other income (expense), net (a)
(2.8)(5.9)(5.3)(15.2)Income (loss) before income taxes
(0.5)(2.9)1.5 (6.0)Provision for income taxes
$(2.3)$(3.0)$(6.8)$(9.2)Net income (loss)
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost.