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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 696.8 $ 951.7
Trade receivables, net of allowances of $33.2 in 2024 and $34.4 in 2023 1,076.8 1,138.1
Contract assets, net of allowances of $1.3 in 2024 and $1.4 in 2023 1,062.7 1,010.1
Inventories, net (Note 8) 1,162.4 1,100.3
Derivative financial instruments (Note 17) 119.3 183.4
Income taxes receivable 143.1 156.2
Advances paid to suppliers 77.6 89.5
Measurements Solutions business classified as assets held for sale (Note 3) 0.0 152.1
Other current assets (Note 9) 431.7 414.0
Total current assets 4,770.4 5,195.4
Investments in equity affiliates (Note 10) 275.3 274.4
Property, plant and equipment, net of accumulated depreciation of $2,562.5 in 2024 and $2,496.5 in 2023 2,213.3 2,270.9
Operating lease right-of-use assets 724.9 739.6
Finance lease right-of-use assets 100.2 91.6
Intangible assets, net of accumulated amortization of $744.8 in 2024 and $725.3 in 2023 579.9 601.6
Deferred income taxes 135.9 164.8
Derivative financial instruments (Note 17) 18.5 30.4
Other assets 270.3 287.9
Total assets 9,088.7 9,656.6
Liabilities and equity    
Short-term debt and current portion of long-term debt (Note 12) 136.6 153.8
Operating lease liabilities 132.8 136.5
Finance lease liabilities 65.0 9.9
Accounts payable, trade 1,361.0 1,355.8
Contract liabilities 1,331.6 1,485.8
Accrued payroll 193.6 187.8
Derivative financial instruments (Note 17) 155.3 179.9
Income taxes payable 163.2 146.8
Measurements Solutions business classified as liabilities held for sale (Note 3) 0.0 64.3
Other current liabilities (Note 9) 589.8 748.0
Total current liabilities 4,128.9 4,468.6
Long-term debt, less current portion (Note 12) 887.2 913.5
Operating lease liabilities, less current portion 654.9 667.1
Financing lease liabilities, less current portion 43.8 88.4
Deferred income taxes 76.6 92.2
Accrued pension and other post-retirement benefits, less current portion 82.4 84.4
Derivative financial instruments (Note 17) 44.4 24.8
Other liabilities 125.3 145.5
Total liabilities 6,043.5 6,484.5
Commitments and contingent liabilities (Note 15)
Stockholders’ equity (Note 13)    
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2024 and 2023; 430.9 shares and 432.9 shares issued and outstanding in 2024 and 2023, respectively 430.9 432.9
Capital in excess of par value of ordinary shares 8,774.3 8,938.9
Accumulated deficit (4,872.5) (4,993.1)
Accumulated other comprehensive loss (1,326.8) (1,242.0)
Total TechnipFMC plc stockholders’ equity 3,005.9 3,136.7
Non-controlling interests 39.3 35.4
Total equity 3,045.2 3,172.1
Total liabilities and equity $ 9,088.7 $ 9,656.6