BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2024

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
	March 31,
(In millions)	2024		2023
Segment revenue
Subsea	$	1,734.8	$	1,387.6
Surface Technologies	307.2		329.8
Total segment revenue	$	2,042.0	$	1,717.4
Segment operating profit
Subsea	$	156.6	$	66.8
Surface Technologies(c)	103.4		22.4
Total segment operating profit	$	260.0	$	89.2
Corporate items
Corporate expense(a)	(32.2)		(27.4)
Net interest expense	(12.7)		(18.7)
Foreign exchange gains (losses)	(4.5)		2.1
Total corporate items	(49.4)		(44.0)
Income before income taxes(b)	$	210.6	$	45.2

(a)Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits.

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

(c)Includes gain on disposal of MSB, see Note 3 for additional details.