BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(In millions)	2023		2022		2023		2022
Segment revenue
Subsea	$	1,708.3	$	1,415.0	$	4,714.3	$	4,118.7
Surface Technologies	348.6		318.0		1,032.2		887.3
Total segment revenue	$	2,056.9	$	1,733.0	$	5,746.5	$	5,006.0
Segment operating profit
Subsea	$	177.7	$	105.0	$	397.9	$	256.1
Surface Technologies	33.3		19.0		81.4		32.7
Total segment operating profit	$	211.0	$	124.0	$	479.3	$	288.8
Corporate items
Corporate expense(a)	(24.7)		(25.2)		(205.6)		(76.7)
Net interest expense	(26.7)		(30.9)		(75.7)		(92.5)
Loss on early extinguishment of debt	—		—		—		(29.8)
Loss from investment in Technip Energies	—		—		—		(27.7)
Foreign exchange gains (losses)	(46.4)		(14.5)		(92.6)		13.1
Total corporate items	(97.8)		(70.6)		(373.9)		(213.6)
Income (loss) before income taxes(b)	$	113.2	$	53.4	$	105.4	$	75.2

(a)Corporate expense includes a non-recurring legal settlement charge for the nine months ended September 30, 2023, corporate staff expenses, share-based compensation expenses, and other employee benefits.

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