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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Lease, Cost
The following table is a summary of the Company’s components of net lease cost for the years ended December 31, 2023, 2022, and 2021:

Year Ended December 31,
(In millions)202320222021
Operating and Finance lease costs$201.9 $177.9 $175.9 
Short-term lease costs45.7 14.0 5.2 
Less: sublease income (1)
5.7 3.6 2.4 
Net lease cost$241.9 $188.3 $178.7 
(1) TechnipFMC currently subleases certain of its leased real estate and vessels to third parties.
Schedule of Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases for the years ended December 31, 2023, 2022, and 2021 is as follows:
Year Ended December 31,
(In millions)202320222021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from leases$197.2 $171.0 $176.5 
Right-of-use assets obtained in exchange for lease liabilities
Operating leases$67.1 $279.4 $114.9 
Finance leases$48.8 $8.6 $24.6 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 is as follows:
December 31,
(In millions, except lease term and discount rate)20232022
Weighted average remaining lease term
Operating leases11.4 years11.5 years
Finance leases2.7 years0.6 years
Weighted average discount rate
Operating leases6.0 %5.8 %
Finance leases15.04 %3.2 %
Schedule of Maturities of Operating and Finance Leases Liabilities
Maturities of operating and finance lease liabilities as of December 31, 2023 are as follows:
(In millions)Maturity of Operating Lease LiabilitiesMaturity of Finance Lease Liabilities
2024$180.7 $19.6 
2025133.4 120.1 
2026101.4 15.2 
202789.5 11.0 
202876.5 8.7 
Thereafter584.6 — 
Total lease payments1,166.1 174.6 
Less: Imputed interest 362.5 76.3 
Total lease liabilities (a)
$803.6 $98.3 
(a) Includes the current portion of $146.4 million.