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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 951.7 $ 1,057.1
Trade receivables, net of allowances of $34.4 in 2023 and $34.1 in 2022 1,138.1 966.5
Contract assets, net of allowances of $1.4 in 2023 and 1.1 in 2022 1,010.1 981.6
Inventories, net (Note 9) 1,100.3 1,039.7
Derivative financial instruments (Note 23) 183.4 282.7
Income taxes receivable 156.2 125.3
Advances paid to suppliers 89.5 80.8
Measurements Solutions business classified as assets held for sale (Note 3) 152.1 0.0
Other current assets (Note 10) 414.0 455.0
Total current assets 5,195.4 4,988.7
Investments in equity affiliates (Note 12) 274.4 325.0
Property, plant and equipment, net (Note 14) 2,270.9 2,354.9
Operating lease right-of-use assets (Note 4) 739.6 801.9
Finance lease right-of-use assets (Note 4) 91.6 51.6
Intangible assets, net (Note 15) 601.6 716.0
Deferred income taxes (Note 21) 164.8 72.5
Derivative financial instruments (Note 23) 30.4 7.2
Other assets 287.9 126.5
Total assets 9,656.6 9,444.3
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 16) 153.8 367.3
Operating lease liabilities (Note 4) 136.5 136.1
Finance lease liabilities (Note 4) 9.9 51.9
Accounts payable, trade 1,355.8 1,282.8
Contract liabilities 1,485.8 1,156.4
Accrued payroll 187.8 175.6
Derivative financial instruments (Note 23) 179.9 346.6
Income taxes payable 146.8 96.7
Measurements Solutions business classified as liabilities held for sale (Note 3) 64.3 0.0
Other current liabilities (Note 10) 748.0 560.9
Total current liabilities 4,468.6 4,174.3
Long-term debt, less current portion (Note 16) 913.5 999.3
Operating lease liabilities, less current portion (Note 4) 667.1 735.7
Finance lease liabilities (Note 4) 88.4 1.4
Deferred income taxes (Note 21) 92.2 55.5
Accrued pension and other post-retirement benefits, less current portion (Note 22) 84.4 59.7
Derivative financial instruments (Note 23) 24.8 3.6
Other liabilities 145.5 138.1
Total liabilities 6,484.5 6,167.6
Commitments and contingent liabilities (Note 20)
Stockholders’ equity (Note 17)    
Ordinary shares, $1 par value; 618.3 shares authorized in 2023 and 2022; 432.9 shares and 442.2 shares issued and outstanding in 2023 and 2022, respectively 432.9 442.2
Capital in excess of par value of ordinary shares 8,938.9 9,109.7
Accumulated deficit (4,993.1) (5,010.0)
Accumulated other comprehensive loss (1,242.0) (1,301.7)
Total TechnipFMC plc stockholders’ equity 3,136.7 3,240.2
Non-controlling interests 35.4 36.5
Total equity 3,172.1 3,276.7
Total liabilities and equity $ 9,656.6 $ 9,444.3