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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash provided (required) by operating activities    
Net income (loss) $ 5.2 $ (50.5)
Net loss from discontinued operations 0.0 34.7
Adjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities    
Depreciation and amortization 283.3 284.4
Loss from investment in Technip Energies 0.0 27.7
Income from equity affiliates, net of dividends received (35.9) (23.1)
Loss on early extinguishment of debt 0.0 29.8
Other non-cash items, net 32.1 79.9
Changes in operating assets and liabilities, net of effects of acquisitions    
Trade receivables, net and Contract assets, net (587.6) (375.1)
Inventories, net (112.9) (27.4)
Accounts payable, trade 275.7 134.7
Contract liabilities 89.4 (242.7)
Income taxes payable, net 46.0 (19.0)
Other current assets and liabilities, net 42.7 (93.5)
Other non-current assets and liabilities, net (46.1) 25.8
Cash required by operating activities (8.1) (214.3)
Cash provided (required) by investing activities    
Capital expenditures (153.7) (94.3)
Proceeds from sales of assets 75.3 13.4
Proceeds from sale of investment in Technip Energies 0.0 288.5
Other investing activities 14.9 5.7
Cash provided (required) by investing activities (63.5) 213.3
Cash required by financing activities    
Net decrease in short-term debt (38.2) (204.7)
Cash settlement for derivative hedging debt (30.1) (64.4)
Net increase in revolving credit facility 0.0 150.0
Repayments of long-term debt 0.0 (451.7)
Share repurchases (150.1) (50.1)
Dividends paid (21.8) 0.0
Other financing activities (36.5) (5.9)
Cash required by financing activities (276.7) (626.8)
Effect of changes in foreign exchange rates on cash and cash equivalents (17.9) 11.9
Change in cash and cash equivalents (366.2) (615.9)
Cash and cash equivalents, beginning of period 1,057.1 1,327.4
Cash and cash equivalents, end of period $ 690.9 $ 711.5