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STOCKHOLDERS’ EQUITY
 12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
On July 26, 2023, the Company announced the initiation of a quarterly cash dividend. On July 25, 2023 and October 24, 2023, Board of Directors authorized and declared a quarterly cash dividend of $0.05 per share. The cash dividends paid during the years ended December 31, 2023, 2022 and 2021 were $43.5 million, nil and nil, respectively.
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.
The following is a summary of our capital stock activity for the years ended December 31, 2023, 2022 and 2021:
(Number of shares in millions)Ordinary
Shares Issued
December 31, 2020449.5 
Stock awards1.2 
December 31, 2021450.7 
Stock awards1.6 
Shares repurchased and cancelled(10.1)
December 31, 2022442.2 
Stock awards3.0 
Shares repurchased and cancelled(12.3)
December 31, 2023432.9 

In July 2022, the Board of Directors authorized the repurchase of up to $400.0 million of our outstanding ordinary shares under our share repurchase program. 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 $205.1 million of ordinary shares during the year ended December 31, 2023. Since the initial share repurchase authorization in July 2022, we have purchased an aggregate amount of $305.3 million of ordinary shares through December 31, 2023. Based upon the remaining repurchase authority of $494.7 million and the closing stock price as of December 31, 2023, approximately 24.6 million ordinary shares could be subject to repurchase. All shares repurchased were immediately cancelled.
Accumulated other comprehensive income (loss) consisted of the following:
(In millions)Foreign Currency
Translation		HedgingDefined Pension 
and Other
Post-Retirement
Benefits		Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc		Accumulated Other
Comprehensive 
Loss Attributable
to Non-Controlling Interest
December 31, 2021$(1,158.4)$(17.3)$(129.3)$(1,305.0)$(5.7)
Other comprehensive income (loss) before reclassifications, net of tax(16.1)(25.1)13.3 (27.9)(4.1)
Reclassification adjustment for net (gains) losses included in net income, net of tax(3.2)25.3 9.1 31.2 — 
Other comprehensive income (loss), net of tax(19.3)0.2 22.4 3.3 (4.1)
December 31, 2022$(1,177.7)$(17.1)$(106.9)$(1,301.7)$(9.8)
Other comprehensive income (loss) before reclassifications, net of tax64.2 41.6 (44.7)61.1 3.8 
Reclassification adjustment for net (gains) losses included in net income, net of tax(7.0)(3.6)9.2 (1.4)— 
Other comprehensive income (loss), net of tax57.2 38.0 (35.5)59.7 3.8 
December 31, 2023$(1,120.5)$20.9 $(142.4)$(1,242.0)$(6.0)
Reclassifications out of accumulated other comprehensive income (loss) consisted of the following:
Year Ended December 31,
(In millions)202320222021
Details about Accumulated Other Comprehensive Loss ComponentsAmount Reclassified out of Accumulated Other Comprehensive LossAffected Line Item in the Consolidated Statements of Income
Gains on foreign currency translation$(7.0)$(3.2)$— Other income (expense), net
Gains (losses) on hedging instruments
Foreign exchange contracts$(12.6)$(7.4)$(29.7)Revenue
25.6 (14.5)10.7 Costs of sales
(0.4)(0.3)0.2 Selling, general and administrative expense
(5.5)(13.1)32.9 Other Income (expense), net
7.1 (35.3)14.1 Income (loss) before income taxes
3.5 (10.0)2.3 Provision (benefit) for income taxes
$3.6 $(25.3)$11.8 Net income (loss)
Pension and other post-retirement benefits
Settlements and curtailments$— $(0.8)$(3.3)Other income (expense), net (a)
Amortization of actuarial gain (loss)(5.2)(11.8)(18.2)Other income (expense), net (a)
Amortization of prior service credit (cost)(0.3)(0.3)(0.5)Other income (expense), net (a)
(5.5)(12.9)(22.0)Income (loss) before income taxes
3.7 (3.8)(4.0)Provision (benefit) for income taxes
$(9.2)$(9.1)$(18.0)Net income (loss)
(a)    These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 22 for further details).