TechnipFMC (FTI) 10-Q 6 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	TechnipFMC plc
Entity Central Index Key	1,681,459
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Trading Symbol	fti
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		452,633,699

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue:
Lease and other revenue	$ 60.7	$ 55.1	$ 163.4	$ 144.7
Total revenue	3,143.8	4,140.9	9,229.9	11,373.9
Costs and expenses
Cost of lease and other revenue	30.9	37.5	99.4	100.2
Selling, general and administrative expense	250.6	284.4	835.1	806.5
Research and development expense	38.6	51.1	133.3	143.6
Impairment, restructuring and other expenses (Note 14)	9.7	59.4	32.6	56.8
Merger transaction and integration costs (Note 2)	6.3	9.2	20.9	87.2
Total costs and expenses	2,863.7	3,872.3	8,527.2	10,704.6
Other income (expense), net	10.4	30	(12.6)	43.2
Income from equity affiliates (Note 9)	16.4	17.3	70.6	39.4
Income before net interest expense and income taxes	306.9	315.9	760.7	751.9
Net interest expense	(106)	(86.3)	(244.3)	(240.5)
Income before income taxes	200.9	229.6	516.4	511.4
Provision for income taxes (Note 16)	66.7	111.7	180.7	249.7
Net income	134.2	117.9	335.7	261.7
Net loss attributable to noncontrolling interests	2.7	3.1	2	5.5
Net income attributable to TechnipFMC plc	$ 136.9	$ 121	$ 337.7	$ 267.2
Earnings per share attributable to TechnipFMC plc
Basic (usd per share)	$ 0.30	$ 0.26	$ 0.73	$ 0.57
Diluted (usd per share)	$ 0.30	$ 0.26	$ 0.73	$ 0.57
Weighted average shares outstanding (Note 6)
Basic (in shares)	454.5	467.2	460	466.8
Diluted (in shares)	459	469.7	464	468.3
Services
Revenue:
Revenue	$ 2,487.9	$ 3,374.9	$ 7,159.2	$ 9,301
Costs and expenses
Cost of goods and services sold	2,046.6	2,841.3	5,846	7,728.4
Products
Revenue:
Revenue	595.2	710.9	1,907.3	1,928.2
Costs and expenses
Cost of goods and services sold	$ 481	$ 589.4	$ 1,559.9	$ 1,781.9

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		$ 134.2	$ 117.9	$ 335.7	$ 261.7
Foreign currency translation adjustments
Net gain (losses) arising during the period		(100.9)	0.2	(241)	(34.7)
Reclassification adjustment for net gains included in net income		(41.1)		(41.1)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	[1]	(142)	0.2	(282.1)	(34.7)
Net gains (losses) on hedging instruments
Net gain (losses) arising during the period		11.2	32.7	(21)	74.9
Reclassification adjustment for net (gains) losses included in net income		(3.8)	19.5	(7.2)	74.3
Net gain (loss) on hedging instruments(b)	[2]	7.4	52.2	(28.2)	149.2
Pension and other post-retirement benefits:
Net gains (losses) arising during the period		0.3	(2.8)	0.3	(4)
Reclassification adjustment for amortization of prior service cost included in net income		0.3	0.2	0.6	0.4
Reclassification adjustment for amortization of net actuarial loss included in net income			0.5		1.4
Net pension and other postretirement benefits(c)	[3]	0.6	(2.1)	0.9	(2.2)
Other comprehensive income (loss), net of tax		(134)	50.3	(309.4)	112.3
Comprehensive income (loss)		0.2	168.2	26.3	374
Comprehensive (income) loss attributable to noncontrolling interest		2.9	2.6	1.2	4.8
Comprehensive income (loss) attributable to TechnipFMC plc		$ 3.1	$ 170.8	$ 27.5	$ 378.8
[1]	Net of income tax (expense) benefit of nil and $(0.9) for the three months ended September 30, 2018 and 2017, respectively, and $(0.5) and $(4.8) for the nine months ended September 30, 2018 and 2017, respectively.
[2]	Net of income tax (expense) benefit of $(4.1) and $(12.1) for the three months ended September 30, 2018 and 2017, respectively, and $4.8 and $(49.4) for the nine months ended September 30, 2018 and 2017, respectively.
[3]	Net of income tax (expense) benefit of $(0.3) and $0.7 for the three months ended September 30, 2018 and 2017, respectively, and $(0.5) and $1.1 for the nine months ended September 30, 2018 and 2017, respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ (0.9)	$ (0.5)	$ (4.8)
Net gains (losses) on hedging instruments, tax (expense) benefit	(4.1)	(12.1)	4.8	(49.4)
Net pensions and other post-retirement benefits, tax (expense) benefit	$ (0.3)	$ 0.7	$ (0.5)	$ 1.1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 5,553.3	$ 6,737.4	$ 6,896.1	$ 6,269.3
Trade receivables, net of allowances of $118.9 in 2018 and $117.4 in 2017	2,079.3	1,484.4
Contract assets	1,286.9	1,755.5
Inventories, net (Note 7)	1,171	987
Derivative financial instruments (Note 17)	97	78.3
Income taxes receivable	333.3	337
Advances paid to suppliers	211.5	391.3
Other current assets (Note 8)	830.9	1,206.2
Total current assets	11,563.2	12,977.1
Investments in equity affiliates	360.3	272.5
Property, plant and equipment, net of accumulated depreciation of $2,070.7 in 2018 and $1,947.9 in 2017	3,670.5	3,871.5
Goodwill	9,003.4	8,929.8
Intangible assets, net of accumulated amortization of $618.3 in 2018 and $486.9 in 2017	1,223.1	1,333.8
Deferred income taxes	426.8	454.7
Derivative financial instruments (Note 17)	80	94.9
Other assets	332.7	329.4
Total assets	26,660	28,263.7
Liabilities and equity
Short-term debt and current portion of long-term debt (Note 11)	78.4	77.1
Accounts payable, trade	2,800.9	3,958.7
Contract liabilities	3,711.9	3,314.2
Accrued payroll	375.5	402.2
Derivative financial instruments (Note 17)	92.1	69
Income taxes payable	208.2	320.3
Other current liabilities (Note 8)	1,435.8	1,687.9
Total current liabilities	8,702.8	9,829.4
Long-term debt, less current portion (Note 11)	4,017.1	3,777.9
Accrued pension and other post-retirement benefits, less current portion	230.1	282
Derivative financial instruments (Note 17)	81.2	68.1
Deferred income taxes	351.8	419.7
Other liabilities	413	477.2
Total liabilities	13,796	14,854.3
Commitments and contingent liabilities (Note 15)
Redeemable noncontrolling interest	39.7	0
Stockholders’ equity (Note 12)
Ordinary shares, $1.00 par value; 618.3 shares and 525.0 shares authorized in 2018 and 2017, respectively; 452.9 shares and 465.1 shares issued and outstanding in 2018 and 2017, respectively; 12.3 and 2.1 shares canceled in 2018 and 2017, respectively	452.9	465.1
Ordinary shares held in employee benefit trust, at cost; 0.1 shares in 2018 and 2017	(2.4)	(4.8)
Capital in excess of par value of ordinary shares	10,247.1	10,483.3
Retained earnings	3,421.1	3,448
Accumulated other comprehensive loss	(1,313.9)	(1,003.7)
Total TechnipFMC plc stockholders’ equity	12,804.8	13,387.9
Noncontrolling interests	19.5	21.5
Total equity	12,824.3	13,409.4
Total liabilities and equity	$ 26,660	$ 28,263.7

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Receivables, allowances	$ 118.9	$ 117.4
Property, plant and equipment, accumulated depreciation	2,070.7	1,947.9
Intangible assets, accumulated amortization	$ 618.3	$ 486.9
Ordinary shares, par value (in dollars per share)	$ 1	$ 1
Ordinary shares, shares authorized (in shares)	618.3	525
Ordinary shares, shares issued (in shares)	452.9	465.1
Ordinary shares, shares outstanding (in shares)	452.9	465.1
Canceled shares (in shares)	12.3	2.1
Ordinary shares, held in employee benefit trust (in shares)	0.1	0.1

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash provided (required) by operating activities
Net income	$ 335.7	$ 261.7
Adjustments to reconcile net income (loss) to cash provided (required) by operating activities
Depreciation	276.3	276.8
Amortization	136.2	184.9
Employee benefit plan and share-based compensation costs	27.1	30.5
Deferred income tax provision (benefit), net	(44.6)	3.5
Unrealized loss (gain) on derivative instruments and foreign exchange	19	(70.5)
Impairments	14.1	9
Income from equity affiliates, net of dividends received	(67.3)	(36.3)
Other	58.9	20.9
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and contract assets	(25.9)	225.8
Inventories, net	(259.6)	198
Accounts payable, trade	(938.2)	150.2
Contract liabilities	(18.6)	(1,195.3)
Income taxes payable (receivable), net	(91.8)	(88.1)
Other current assets and liabilities, net	416.6	217.3
Other noncurrent assets and liabilities, net	182.6	(90.6)
Cash provided (required) by operating activities	(344.7)	279
Cash provided (required) by investing activities
Capital expenditures	(255.2)	(170.4)
Cash acquired in merger of FMC Technologies, Inc. and Technip S.A.		1,479.2
Acquisitions, net of cash acquired	(103.4)
Cash divested from deconsolidation	(7.5)
Proceeds from sale of assets	7.9	13.6
Other		12
Cash provided (required) by investing activities	(358.2)	1,334.4
Cash required by financing activities
Net decrease in short-term debt	(29.5)	(28.4)
Net increase (decrease) in commercial paper	309.3	(363)
Proceeds from issuance of long-term debt	2.5	7.3
Repayments of long-term debt		(547.2)
Payments related to taxes withheld on share-based compensation		(46.6)
Purchase of treasury shares	(384.2)	(1.3)
Dividends paid	(179.2)	0
Settlements of mandatorily redeemable financial liability	(124.2)	(76.6)
Other	2.3	(0.3)
Cash required by financing activities	(403)	(1,056.1)
Effect of changes in foreign exchange rates on cash and cash equivalents	(78.2)	69.5
Increase (decrease) in cash and cash equivalents	(1,184.1)	626.8
Cash and cash equivalents, beginning of period	6,737.4	6,269.3
Cash and cash equivalents, end of period	$ 5,553.3	$ 6,896.1

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2018 - USD ($) $ in Millions	Total	Ordinary Shares	Ordinary Shares Held in Treasury and Employee Benefit Trust	Capital in Excess of Par Value of Ordinary Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non- controlling Interest
Beginning balance at Dec. 31, 2017	$ 13,409.4	$ 465.1	$ (4.8)	$ 10,483.3	$ 3,448	$ (1,003.7)	$ 21.5
Increase (Decrease) in Stockholders' Equity
Adoption of accounting standards	(91.4)				(91.5)		0.1
Net income (loss)	335.7				337.7		(2)
Other comprehensive income (loss)	(309.4)					(310.2)	0.8
Cancellation of treasury shares	(384.2)	(12.3)		(278)	(93.9)
Issuance of ordinary shares	0.2	0.1		0.1
Net sales of ordinary shares for employee benefit trust	2.4		2.4
Dividends	(179.2)				(179.2)
Share-based compensation	41.7			41.7
Other	(0.9)						(0.9)
Ending balance at Sep. 30, 2018	$ 12,824.3	$ 452.9	$ (2.4)	$ 10,247.1	$ 3,421.1	$ (1,313.9)	$ 19.5

Basis Of Presentation and Signi

Basis Of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis Of Presentation and Significant Accounting Policies	BASIS OF PRESENTATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements of TechnipFMC plc and its consolidated subsidiaries (“TechnipFMC” or the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission (“SEC”) pertaining to interim financial information. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP have been condensed or omitted. These unaudited condensed consolidated financial statements should be read together with our audited consolidated financial statements contained in our Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2017 . Our accounting policies are in accordance with GAAP. The preparation of financial statements in conformity with these accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from our estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments as well as adjustments to our financial position pursuant to a business combination, necessary for a fair statement of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these financial statements may not be representative of the results that may be expected for the year ended December 31, 2018 . Principles of consolidation - The consolidated financial statements include the accounts of TechnipFMC and its majority-owned subsidiaries and affiliates. Intercompany accounts and transactions are eliminated in consolidation. Use of estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Such estimates include, but are not limited to, estimates of total contract profit or loss on long-term construction-type contracts; estimated realizable value on excess and obsolete inventory; estimates related to pension accounting; estimates related to fair value for purposes of assessing goodwill, long-lived assets and intangible assets for impairment; estimates of fair value in business combinations and estimates related to income taxes. Investments in the common stock of unconsolidated affiliates - The equity method of accounting is used to account for investments in unconsolidated affiliates where we have the ability to exert significant influence over the affiliates’ operating and financial policies. The cost method of accounting is used where significant influence over the affiliate is not present. For certain construction joint ventures, we use the proportionate consolidation method, whereby our proportionate share of each entity’s assets, liabilities, revenues and expenses are included in the appropriate classifications in the accompanying consolidated financial statements. Intercompany balances and transactions have been eliminated in preparing the accompanying consolidated financial statements. Investments in unconsolidated affiliates are assessed for impairment whenever events or changes in facts and circumstances indicate the carrying value of the investments may not be fully recoverable. When such a condition is subjectively determined to be other than temporary, the carrying value of the investment is written down to fair value. Management’s assessment as to whether any decline in value is other than temporary is based on our ability and intent to hold the investment and whether evidence indicating the carrying value of the investment is recoverable within a reasonable period of time outweighs evidence to the contrary. Management generally considers our investments in equity method investees to be strategic, long-term investments and completes its assessments for impairment with a long-term viewpoint. Investments in which ownership is less than 20% or that do not represent significant investments are reported in other assets on the consolidated balance sheets. Where no active market exists and where no other valuation method can be used, these financial assets are maintained at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. We determine whether investments involve a variable interest entity (“VIE”) based on the characteristics of the subject entity. If the entity is determined to be a VIE, then management determines if we are the primary beneficiary of the entity and whether or not consolidation of the VIE is required. The primary beneficiary consolidating the VIE must normally have both (i) the power to direct the activities that most significantly affect the VIE’s economic performance and (ii) the obligation to absorb significant losses of or the right to receive significant benefits from the VIE. If we are deemed to be the primary beneficiary, the VIE is consolidated and the other party’s equity interest in the VIE is accounted for as a noncontrolling interest. Our unconsolidated VIEs are accounted for using the equity method of accounting. Business combinations - Business combinations are accounted for using the acquisition method of accounting. Under the acquisition method, assets acquired and liabilities assumed are recorded at their respective fair values as of the acquisition date. Determining the fair value of assets and liabilities involves significant judgment regarding methods and assumptions used to calculate estimated fair values. The purchase price is allocated to the assets, assumed liabilities and identifiable intangible assets based on their estimated fair values. Any excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Transaction-related costs are expensed as incurred. Revenue recognition - The majority of our revenue is derived from long-term contracts that can span several years. We account for revenue in accordance with Accounting Standard Codification (“ASC”) Topic 606, Revenue from Contracts with Customers , which we adopted on January 1, 2018, using the modified retrospective method. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for further discussion of the adoption, including the impact on our 2018 financial statements. Contract costs to obtain a contract - Our incremental direct costs of obtaining a contract are deferred and amortized over the period of contract performance or a longer period, generally the estimated life of the customer relationship, if renewals are expected and the renewal commission is not commensurate with the initial commission. We classify deferred commissions as current or noncurrent based on the timing of when we expect to recognize the expense. The current and noncurrent portions of deferred commissions are included in other current assets and other assets , respectively, in our consolidated balance sheets. Amortization of deferred commissions is included in selling, general and administrative expenses. Cash equivalents - Cash equivalents are highly-liquid, short-term instruments with original maturities of generally three months or less from their date of purchase. Trade receivables, net of allowances - An allowance for doubtful accounts is provided on receivables equal to the estimated uncollectible amounts. This estimate is based on historical collection experience and a specific review of each customer’s receivables balance. Inventories - Inventories are stated at the lower of cost or net realizable value, except as it relates to inventory measured using the last-in, first-out (“LIFO”) method, for which the inventories are stated at the lower of cost or market. Inventory costs include those costs directly attributable to products, including all manufacturing overhead, but excluding costs to distribute. Cost for a significant portion of the U.S. domiciled inventories is determined on the LIFO method. The first-in, first-out or weighted average methods are used to determine the cost for the remaining inventories. Write-downs on inventories are recorded when the net realizable value of inventories is lower than their net book value. Property, plant and equipment - Property, plant and equipment are recorded at cost. Depreciation is principally provided on the straight-line basis over the estimated useful lives of the assets (vessels - 10 to 30 years; buildings - 10 to 50 years; and machinery and equipment - 3 to 20 years). Gains and losses are realized upon the sale or retirement of assets and are recorded in other income (expense), net, on our consolidated statements of income. Maintenance and repair costs are expensed as incurred. Expenditures that extend the useful lives of property, plant and equipment are capitalized and depreciated over the estimated new remaining life of the asset. Impairment of property, plant and equipment - Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying value of the long-lived asset may not be recoverable. The carrying value of an asset group is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the impairment loss is measured as the amount by which the carrying value of the long-lived asset exceeds its fair value. Long-lived assets classified as held for sale are reported at the lower of carrying value or fair value less cost to sell. Goodwill - Goodwill is not subject to amortization but is tested for impairment on an annual basis (or more frequently if impairment indicators arise) by comparing the estimated fair value of each reporting unit to its carrying value, including goodwill. A reporting unit is defined as an operating segment or one level below the operating segment. We have established October 31 as the date of our annual test for impairment of goodwill. Reporting units with goodwill are tested for impairment using a quantitative impairment test known as the income approach, which estimates fair value by discounting each reporting unit’s estimated future cash flows using a weighted-average cost of capital that reflects current market conditions and the risk profile of the reporting unit. To arrive at our future cash flows, we use estimates of economic and market assumptions, including growth rates in revenues, costs, estimates of future expected changes in operating margins, tax rates and cash expenditures. Future revenues are also adjusted to match changes in our business strategy. If the fair value of the reporting unit is less than its carrying amount as a result of this method, then an impairment loss is recorded. A lower fair value estimate in the future for any of our reporting units could result in goodwill impairments. Factors that could trigger a lower fair value estimate include sustained price declines of the reporting unit’s products and services, cost increases, regulatory or political environment changes, changes in customer demand and other changes in market conditions, which may affect certain market participant assumptions used in the discounted future cash flow model. Intangible assets - Our acquired intangible assets are generally amortized on a straight-line basis over their estimated useful lives, which generally range from 2 to 20 years. Our acquired intangible assets do not have indefinite lives. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of the intangible asset may not be recoverable. The carrying amount of an intangible asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the intangible asset exceeds its fair value. Capitalized software costs are recorded at cost. Capitalized software costs include purchases of software and internal and external costs incurred during the application development stage of software projects. These costs are amortized on a straight-line basis over the estimated useful lives. For internal use software, the useful lives range from 3 to 10 years. For Internet website costs, the estimated useful lives do not exceed 3 years. Debt instruments - Debt instruments include synthetic bonds, senior and private placement notes and other borrowings. Issuance fees and redemption premiums on debt instruments are included in the cost of debt in the consolidated balance sheets, as an adjustment to the nominal amount of the debt. Loan origination costs for revolving credit facilities are recorded as an asset and amortized over the life of the underlying debt. Fair value measurements - Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The fair value framework requires the categorization of assets and liabilities measured at fair value into three levels based upon the assumptions (inputs) used to price the assets or liabilities, with the exception of certain assets and liabilities measured using the net asset value practical expedient, which are not required to be leveled. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities. • Level 2 : Observable inputs other than quoted prices included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3 : Unobservable inputs reflecting management’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Income taxes - Current income taxes are provided on income reported for financial statement purposes, adjusted for transactions that do not enter into the computation of income taxes payable in the same year. Deferred tax assets and liabilities are measured using enacted tax rates for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. A valuation allowance is established whenever management believes that it is more likely than not that deferred tax assets may not be realizable. Income taxes are not provided on our equity in undistributed earnings of foreign subsidiaries or affiliates to the extent we have determined that the earnings are indefinitely reinvested. Income taxes are provided on such earnings in the period in which we can no longer support that such earnings are indefinitely reinvested. Tax benefits related to uncertain tax positions are recognized when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. We classify interest expense and penalties recognized on underpayments of income taxes as income tax expense. Share-based employee compensation - The measurement of share-based compensation expense on restricted share awards and performance share awards is based on the market price at the grant date and the number of shares awarded. We used the Cox Ross Rubinstein binomial model to measure the fair value of stock options granted prior to December 31, 2016 and the Black-Scholes options pricing model to measure the fair value of stock options granted on or after January 1, 2017. The share-based compensation expense for each award is recognized ratably over the applicable service period or the period beginning at the start of the service period and ending when an employee becomes eligible for retirement, after taking into account estimated forfeitures. Ordinary shares held in employee benefit trust - Our ordinary shares are purchased by the plan administrator of the FMC Technologies, Inc. Non-Qualified Savings and Investment Plan and placed in a trust that we own. Purchased shares are recorded at cost and classified as a reduction of stockholders’ equity on the consolidated balance sheets. Earnings per ordinary share (“EPS”) - Basic EPS is computed using the weighted-average number of ordinary shares outstanding during the year. We use the treasury stock method to compute diluted EPS which gives effect to the potential dilution of earnings that could have occurred if additional shares were issued for awards granted under our incentive compensation and stock plan. The treasury stock method assumes proceeds that would be obtained upon exercise of awards granted under our incentive compensation and stock plan are used to purchase outstanding ordinary shares at the average market price during the period. Convertible bonds that could be converted into or be exchangeable for new or existing shares would additionally result in a dilution of earnings per share. The ordinary shares assumed to be converted as of the issuance date are included to compute diluted EPS under the if-converted method. Additionally, the net profit of the period is adjusted as if converted for the after-tax interest expense related to these dilutive shares. Foreign currency - Financial statements of operations for which the U.S. dollar is not the functional currency, and which are located in non-highly inflationary countries, are translated into U.S. dollars prior to consolidation. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date, while income statement accounts are translated at the average exchange rate for each period. For these operations, translation gains and losses are recorded as a component of accumulated other comprehensive income (loss) in stockholders’ equity until the foreign entity is sold or liquidated. For operations in highly inflationary countries and where the local currency is not the functional currency, inventories, property, plant and equipment, and other non-current assets are converted to U.S. dollars at historical exchange rates, and all gains or losses from conversion are included in net income. Foreign currency effects on cash, cash equivalents and debt in hyperinflationary economies are included in interest income or expense. For certain committed and anticipated future cash flows and recognized assets and liabilities which are denominated in a foreign currency, we may choose to manage our risk against changes in the exchange rates, when compared against the functional currency, through the economic netting of exposures instead of derivative instruments. Cash outflows or liabilities in a foreign currency are matched against cash inflows or assets in the same currency, such that movements in exchange rates will result in offsetting gains or losses. Due to the inherent unpredictability of the timing of cash flows, gains and losses in the current period may be economically offset by gains and losses in a future period. All gains and losses are recorded in our consolidated statements of income in the period in which they are incurred. Gains and losses from the remeasurement of assets and liabilities are recognized in other income (expense), net. During the second half of 2018, Argentina’s three year cumulative inflation rate exceeded 100% based on published inflation data, and effective July 1, 2018, Argentina’s currency is considered hyperinflationary. Our local operations in Argentina use U.S. dollars as the functional currency and both monetary and non-monetary assets and liabilities denominated in Argentina pesos were remeasured into U.S. dollars with gains and losses resulting from foreign currency transactions included in current results of operations. This event did not have a material impact on the Company’s condensed consolidated financial statements. Derivative instruments - Derivatives are recognized on the consolidated balance sheets at fair value, with classification as current or non-current based upon the maturity of the derivative instrument. Changes in the fair value of derivative instruments are recorded in current earnings or deferred in accumulated other comprehensive income (loss), depending on the type of hedging transaction and whether a derivative is designated as, and is effective as, a hedge. Each instrument is accounted for individually and assets and liabilities are not offset. Hedge accounting is only applied when the derivative is deemed to be highly effective at offsetting changes in anticipated cash flows of the hedged item or transaction. Changes in fair value of derivatives that are designated as cash flow hedges are deferred in accumulated other comprehensive income (loss) until the underlying transactions are recognized in earnings. At such time, related deferred hedging gains or losses are recorded in earnings on the same line as the hedged item. Effectiveness is assessed at the inception of the hedge and on a quarterly basis. Effectiveness of forward contract cash flow hedges are assessed based solely on changes in fair value attributable to the change in the spot rate. The change in the fair value of the contract related to the change in forward rates is excluded from the assessment of hedge effectiveness. Changes in this excluded component of the derivative instrument, along with any ineffectiveness identified, are recorded in earnings as incurred. We document our risk management strategy and hedge effectiveness at the inception of, and during the term of, each hedge. We also use forward contracts to hedge foreign currency assets and liabilities, for which we do not apply hedge accounting. The changes in fair value of these contracts are recognized in other income (expense), net on our consolidated statements of income, as they occur and offset gains or losses on the remeasurement of the related asset or liability.

Business Combination Transactio

Business Combination Transactions	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Mergers and Acquisitions	Merger of FMC Technologies and Technip Description of the merger - On June 14, 2016, FMC Technologies, Inc (“FMC Technologies”) and Technip S.A. (“Technip”) entered into a definitive business combination agreement (the “Merger Agreement”) providing for the business combination among FMC Technologies, FMC Technologies SIS Limited, a private limited company incorporated under the laws of England and Wales and a wholly-owned subsidiary of FMC Technologies, and Technip. On August 4, 2016, the legal name of FMC Technologies SIS Limited was changed to TechnipFMC Limited, and on January 11, 2017, was subsequently re-registered as TechnipFMC plc, a public limited company incorporated under the laws of England and Wales. On January 16, 2017, the business combination was completed. Pursuant to the terms of the definitive business combination agreement, Technip merged with and into TechnipFMC, with TechnipFMC continuing as the surviving company (the “Technip Merger”), and each ordinary share of Technip (the “Technip Shares”), other than Technip Shares owned by Technip or its wholly-owned subsidiaries, were exchanged for 2.0 ordinary shares of TechnipFMC, subject to the terms of the Merger Agreement. Immediately following the Technip Merger, a wholly-owned indirect subsidiary of TechnipFMC (“Merger Sub”) merged with and into FMC Technologies, with FMC Technologies continuing as the surviving company and as a wholly-owned indirect subsidiary of TechnipFMC, and each share of common stock of FMC Technologies (the “FMCTI Shares”), other than FMCTI Shares owned by FMC Technologies, TechnipFMC, Merger Sub or their wholly-owned subsidiaries, was exchanged for 1.0 ordinary share of TechnipFMC, subject to the terms of the Merger Agreement. Under the acquisition method of accounting, Technip was identified as the accounting acquirer and acquired a 100% interest in FMC Technologies. The merger of FMC Technologies and Technip (the “Merger”) has created a larger and more diversified company that is better equipped to respond to economic and industry developments and better positioned to develop and build on its offerings in the subsea, surface, and onshore/offshore markets as compared to the former companies on a standalone basis. More importantly, the Merger has brought about the ability of the combined company to (i) standardize its product and service offerings to customers, (ii) reduce costs to customers, and (iii) provide integrated product offerings to the oil and gas industry with the aim to innovate the markets in which the combined company operates. We incurred merger transaction and integration costs of $6.3 million and $20.9 million during the three and nine months ended September 30, 2018 , respectively, and $9.2 million and $87.2 million during the three and nine months ended September 30, 2017 , respectively. Description of FMC Technologies as Accounting Acquiree - FMC Technologies is a global provider of technology solutions for the energy industry. FMC Technologies designs, manufactures and services technologically sophisticated systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry. Subsea systems produced by FMC Technologies are used in the offshore production of crude oil and natural gas and are placed on the seafloor to control the flow of crude oil and natural gas from the reservoir to a host processing facility. Additionally, FMC Technologies provides a full range of drilling, completion and production wellhead systems for both standard and custom-engineered applications. Surface wellhead production systems, or trees, are used to control and regulate the flow of crude oil and natural gas from the well and are used in both onshore and offshore applications. Consideration Transferred - The acquisition-date fair value of the consideration transferred consisted of the following: (In millions, except per share data) Total FMC Technologies, Inc. shares subject to exchange as of January 16, 2017 228.9 FMC Technologies Inc. exchange ratio (a) 0.5 Shares of TechnipFMC issued 114.4 Value per share of Technip as of January 16, 2017 (b) $ 71.4 Total purchase consideration $ 8,170.7 (a) As the calculation is deemed to reflect a share capital increase of the accounting acquirer, the FMC Technologies exchange ratio (1 share of TechnipFMC for 1 share of FMC Technologies as provided in the Merger Agreement) is adjusted by dividing the FMC Technologies exchange ratio by the Technip exchange ratio ( 2 shares of TechnipFMC for 1 share of Technip as provided in the Merger Agreement), i.e., 1 / 2 = 0.5 in order to reflect the number of shares of Technip that FMC Technologies stockholders would have received if Technip were to have issued its own shares. (b) Closing price of Technip’s ordinary shares on Euronext Paris on January 16, 2017 in Euro converted at the Euro to U.S. dollar exchange rate of $1.0594 on January 16, 2017. Assets Acquired and Liabilities Assumed - The following table summarizes the final allocation of the fair values of the assets acquired and liabilities assumed at the acquisition date: (In millions) Assets Cash $ 1,479.2 Accounts receivable 647.8 Costs and estimated earnings in excess of billings on uncompleted contracts 599.6 Inventory 764.8 Income taxes receivable 139.2 Other current assets 282.2 Property, plant and equipment 1,293.3 Intangible assets 1,390.3 Other long-term assets 167.3 Total identifiable assets acquired 6,763.7 Liabilities Short-term and current portion of long-term debt 319.5 Accounts payable, trade 386.0 Billings in excess of costs and estimated earnings on uncompleted contracts 454.0 Income taxes payable 92.1 Other current liabilities 524.3 Long-term debt, less current portion 1,444.2 Accrued pension and other post-retirement benefits, less current portion 195.5 Deferred income taxes 219.4 Other long-term liabilities 138.7 Total liabilities assumed 3,773.7 Net identifiable assets acquired 2,990.0 Goodwill 5,180.7 Net assets acquired $ 8,170.7 Segment Allocation of Goodwill - The final allocation of goodwill to the reporting segments based on the final valuation is as follows: (In millions) Allocated Goodwill Subsea $ 2,527.7 Onshore/Offshore 1,635.5 Surface Technologies 1,017.5 Total $ 5,180.7 Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the expected revenue and cost synergies of the combined company, which are further described above. Goodwill recognized as a result of the acquisition is not deductible for tax purposes. Acquired Identifiable Intangible Assets - The identifiable intangible assets acquired include the following: (In millions, except estimated useful lives) Fair Value Estimated Useful Lives Acquired technology $ 240.0 10 Backlog 175.0 2 Customer relationships 285.0 10 Tradenames 635.0 20 Software 55.3 Various Total identifiable intangible assets acquired $ 1,390.3 As part of the ongoing review of the purchase price allocation, a $19.7 million adjustment to our deferred tax liability balance was recorded during the first quarter of 2018 which increased Surface Technologies goodwill. Pro Forma Impact of the Merger (unaudited) - The following unaudited supplemental pro forma results present consolidated information as if the Merger had been completed as of January 1, 2017. The pro forma results do not include any potential synergies, cost savings or other expected benefits of the Merger. Accordingly, the pro forma results should not be considered indicative of the results that would have occurred if the Merger had been consummated as of January 1, 2017, nor are they indicative of future results. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data) 2017 Actual 2017 Pro Forma Revenue $ 4,140.9 $ 11,486.8 Net income attributable to TechnipFMC adjusted for dilutive effects $ 121.0 $ 182.4 Diluted earnings per share 0.26 0.39 Other Transactions On January 29, 2018, we entered into a share purchase agreement with the Island Offshore group to acquire a 51% stake in Island Offshore Subsea AS (“Island Offshore”). Island Offshore provides Riserless Light Well Intervention (“RLWI”) project management and engineering services for plug and abandonment (“P&A”), riserless coiled tubing and well completion operations. Island Offshore has developed proprietary designs related to subsea P&A and riserless coiled tubing. We will enter into a strategic cooperation agreement to deliver RLWI services on a worldwide basis, which will also include our RLWI capabilities. The acquisition was completed on April 18, 2018 for total cash consideration of $42.4 million . As a result of the acquisition, we recorded redeemable financial liability equal to the fair value of a written put option. Finally, we preliminarily increased goodwill by $85.0 million . On July 18, 2018, we entered into a share sale and purchase agreement with POC Holding Oy to sell 100% of the outstanding shares of Technip Offshore Finland Oy. The total gain before tax recognized in the third quarter of 2018 is $27.8 million . Additional acquisitions, including purchased interests in equity method investments, during the nine months ended September 30, 2018 totaled $61.0 million in consideration paid and preliminarily increased goodwill by $0.5 million .

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards under U.S. GAAP Effective January 1, 2018, we adopted Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” This update requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for more information. In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”, which clarifies the implementation guidance on principal versus agent considerations. Entities are permitted to apply the amendments either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application. The adoption of this update did not have a material impact on our consolidated financial statements. Effective January 1, 2018, we adopted ASU No. 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” This update addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. Among other amendments, this update requires equity investments not accounted for under the equity method of accounting to be measured at fair value with changes in fair value recognized in net income. An entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This updated guidance also simplifies the impairment assessment of equity investments without readily determinable fair values and eliminates the requirement to disclose significant assumptions and methods used to estimate the fair value of financial instruments measured at amortized cost. The updated guidance further requires the use of an exit price notion when measuring the fair value of financial instruments for disclosure purposes. All amendments are required to be adopted on a modified retrospective basis, with two exceptions. The amendments related to equity investments without readily determinable fair values and the requirement to use an exit price notion are required to be adopted prospectively. In February 2018, the FASB issued ASU No. 2018-03, “Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. These amendments clarify the guidance in ASU No. 2016-01, on the following issues (among other things): Equity Securities without a Readily Determinable Fair Value-Discontinuation; Equity Securities without a Readily Determinable Fair Value - Adjustment; Forward Contracts and Purchase Options; Presentation Requirements for Certain Fair Value Option Liabilities; Fair Value Option Liabilities Denominated in a Foreign Currency; and Transition Guidance for Equity Securities without a Readily Determinable Fair Value. The amendments in this ASU are effective in conjunction with the adoption of ASU No. 2016-01. In March 2018, the FASB issued ASU No. 2018-04, “Investments-Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273.” This ASU supersedes SEC paragraphs pursuant to the SEC Staff Accounting Bulletin No. 117, which brings existing guidance into conformity with Topic 321, Investments-Equity Securities, and SEC Release No. 33-9273, which removed Regulation S-X Rule 3A-05, Special Requirements as to Public Utility Holding Companies. The adoption of these updates did not have a material impact on our consolidated financial statements. Effective January 1, 2018, we adopted ASU No. 2016-15 , “Classification of Certain Cash Receipts and Cash Payments.” This update amends the existing guidance for the statement of cash flows and provides guidance on eight classification issues related to the statement of cash flows. The amendments in this ASU are required to be adopted retrospectively. For issues that are impracticable to adopt retrospectively, the amendments may be adopted prospectively as of the earliest date practicable. The adoption of this update did not have a material impact on our consolidated financial statements. Effective January 1, 2018, we adopted ASU No. 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory.” This update requires that income tax consequences are recognized on an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in this ASU are required to be adopted on a modified retrospective basis. The adoption of this update did not have a material impact on our consolidated financial statements. Effective January 1, 2018, we adopted ASU No. 2017-01, “Clarifying the Definition of a Business.” This update clarifies the definition of a business and provides a screen to determine when a set of assets and activities is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired or disposed of is concentrated in a single identifiable asset or a group of similar identifiable assets, such set of assets is not a business. The amendments in this ASU are required to be adopted prospectively. The adoption of this update did not have a material impact on our consolidated financial statements. Effective January 1, 2018, we adopted ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” This update requires employers to disaggregate the service cost component from the other components of net benefit cost and disclose the amount of net benefit cost that is included in the income statement or capitalized in assets, by line item. The updated guidance requires employers to report the service cost component in the same line item(s) as other compensation costs and to report other pension-related costs (which include interest costs, amortization of pension-related costs from prior periods, and the gains or losses on plan assets) separately and exclude them from the subtotal of operating income. The updated guidance also allows only the service cost component to be eligible for capitalization when applicable. The amendments in this ASU are effective for us on January 1, 2018. The guidance requires adoption on a retrospective basis for the presentation of the service cost component and the other components of net periodic pension cost and net periodic post-retirement benefit cost in the income statement and on a prospective basis for the capitalization of the service cost component of net periodic pension cost and net periodic post-retirement benefit in assets. The adoption of this update did not have a material impact on our consolidated financial statements. Effective January 1, 2018, we adopted ASU No. 2017-09, “Scope of Modification Accounting.” This update provides clarity on when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The amendments in this ASU are effective for us January 1, 2018 and are required to be adopted prospectively. The adoption of this update did not have a material impact on our consolidated financial statements. In March 2018, the FASB issued ASU No. 2018-05, “ Income Taxes (Topic 740)-Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. ” This ASU adds SEC paragraphs pursuant to the SEC Staff Accounting Bulletin No. 118, which expresses the view of the staff regarding application of Topic 740, Income Taxes, in the reporting period that includes December 22, 2017 - the date on which the Tax Cuts and Jobs Act of 2017 (the “Tax Cuts and Jobs Act”) was signed into law. The amendments in this ASU are effective upon issuance. The adoption of this update did not have a material impact on our consolidated financial statements. Recently Issued Accounting Standards under U.S. GAAP In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” This update requires that a lessee recognize a liability to make lease payments and a right-of-use (“ROU”) asset representing its right to use the underlying asset for the lease term. Similar to current guidance, the update continues to differentiate between finance leases and operating leases, however, this distinction now primarily relates to differences in the manner of expense recognition over time and in the classification of lease payments in the statement of cash flows. The updated guidance leaves the accounting for leases by lessors largely unchanged from existing GAAP. Early application is permitted. Entities are required to use a modified retrospective adoption, with certain relief provisions, for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements when adopted. The guidance will become effective for us on January 1, 2019. In January 2018, the FASB issued ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842.” The amendments in this update permit an entity to elect an optional transition practical expedient to not evaluate land easements that existed or expired before the entity’s adoption of Topic 842 and that were not previously accounted for as leases under Topic 840. We do not expect to elect this practical expedient. In July 2018, the FASB issued ASU 2018-10, “Codification Improvements to Topic 842, Leases.” The amendments in this update affect narrow aspects of the guidance issued in ASU 2016-02 and is intended to alleviate unintended consequences from applying the new standard. The amendments do not make substantive changes to the core provisions or principles of the new standard and will be considered during our implementation process. In July 2018, the FASB also issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements.” The amendments in this update provide entities with an optional transition method, which permits an entity to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. In addition, the amendments in this update also provide lessors with a practical expedient (provided certain conditions are met), by class of underlying asset, to not separate the nonlease component(s) from the associated lease component for purposes of income statement presentation. We will adopt Topic 842 on January 1, 2019, electing the optional transition method that allows for a cumulative-effect adjustment in the period of adoption and, as a result, we will not restate prior periods. We expect to elect certain practical expedients permitted under Topic 842, including the practical expedient for short-term leases in which a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities for leases with a term of 12 months or less. In addition, we expect to elect the package of practical expedients permitted under the transition guidance within Topic 842, which among other things, allows us to carry forward the historical lease classification. We are still evaluating the impacts of the adoption of Topic 842 on our consolidated financial statements and related disclosures. We currently expect the most significant impact will be the recognition of ROU assets and lease liabilities for operating leases in our consolidated balance sheets. Additionally, we do not expect the adoption to materially impact our consolidated statements of income. As part of our assessment work-to-date, we have formed an implementation work team, conducted region-specific training for the relevant staff regarding the potential impacts of Topic 842 and are continuing our contract analysis and policy review. We have engaged external resources to assist us in our efforts of completing the analysis of potential changes to current accounting practices and are in the process of implementing a new lease accounting system in connection with the adoption of the updated guidance. We are also evaluating the impact of Topic 842 on our internal control over financial reporting and other changes in business practices and processes. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses.” This update introduces a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. The updated guidance applies to (i) loans, accounts receivable, trade receivables and other financial assets measured at amortized cost, (ii) loan commitments and other off-balance sheet credit exposures, (iii) debt securities and other financial assets measured at fair value through other comprehensive income and (iv) beneficial interests in securitized financial assets. The amendments in this ASU are effective for us on January 1, 2020 and are required to be adopted on a modified retrospective basis. Early adoption is not permitted. We are currently evaluating the impact of this ASU on our consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, “Targeted Improvements to Accounting for Hedging Activities.” This update improves the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements and make certain targeted improvements to simplify the application of the hedge accounting guidance in current GAAP. The amendments in this update better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and presentation of hedge results. The amendments in this ASU are effective for us January 1, 2019. Early adoption is permitted. For cash flow and net investment hedges as of the adoption date, the guidance requires a modified retrospective approach. The amended presentation and disclosure guidance is required to be adopted prospectively. We are currently evaluating the impact of this ASU on our consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (AOCI).” This update provides an option to reclassify stranded tax effects with AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement disclosures that indicate a description of the accounting policy for releasing income tax effects from AOCI; whether there is an election to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act and information about the other income tax effects are reclassified. These amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement-Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments in this ASU are effective for us January 1, 2019. We are currently evaluating the impact of this ASU on our consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting.” This update expands the scope of Topic 718 to include all share-based payment transactions for acquiring goods and services from nonemployees. The amendments in this update specify that Topic 718 applies to all share-based payment transactions in which the grantor acquires goods and services to be used or consumed in its own operations by issuing share-based payment awards. The amendments in this update also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under ASC Topic 606. The amendments in this update are effective for us on January 1, 2019, with early adoption permitted, but no earlier than our adoption of ASC Topic 606. We are currently evaluating the impact of this ASU on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” This update modifies the disclosure requirement on fair value measurements in Topic 820. The amendments in this ASU are effective for us January 1, 2020. Early adoption is permitted. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively. All other amendments should be applied retrospectively. We are currently evaluating the impact of this ASU on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” This update amends ASC 715 to add, remove and clarify disclosure requirements related to defined benefit pension and other postretirement plans. The amendments in this ASU are effective for us January 1, 2021. Early adoption is permitted. The amendments in this update is required to be adopted retrospectively. We are currently evaluating the impact of this ASU on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force).” This update requires that the implementation costs incurred in a cloud computing arrangement that is a service contract are deferred if they would be capitalized based on the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments in this ASU are effective for us January 1, 2020. Early adoption is permitted. The amendments in this update is required to be adopted either retrospectively or prospectively. We are currently evaluating the impact of this ASU on our consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE The majority of our revenue is from long-term contracts associated with designing and manufacturing products and systems and providing services to customers involved in exploration and production of crude oil and natural gas. On January 1, 2018, we adopted ASC Topic 606 of GAAP using the modified retrospective method applied to those contracts that were not completed as of January 1, 2018 resulting in a $91.5 million reduction to retained earnings. Results for reporting periods beginning after January 1, 2018 are presented under ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. Significant Revenue Recognition Criteria Explained Allocation of transaction price to performance obligations - A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue, when, or as, the performance obligation is satisfied. To determine the proper revenue recognition method, we evaluate whether two or more contracts should be combined and accounted for as one single contract and whether the combined or single contract should be accounted for as more than one performance obligation. This evaluation requires significant judgment; some of our contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and, therefore, not distinct. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using our best estimate of the standalone selling price of each distinct good or service in the contract. Variable consideration - Due to the nature of the work required to be performed on many of our performance obligations, the estimation of total revenue and cost at completion is complex, subject to many variables and requires significant judgment. It is common for our long-term contracts to contain variable considerations that can either increase or decrease the transaction price. Variability in the transaction price arises primarily due to liquidated damages. The Company considers its experience with similar transactions and expectations regarding the contract in estimating the amount of variable consideration to which it will be entitled, and determining whether the estimated variable consideration should be constrained. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. Payment terms - Progress billings are generally issued upon completion of certain phases of the work as stipulated in the contract. Payment terms may either be fixed, lump-sum or driven by time and materials (e.g., daily or hourly rates, plus materials). Because typically the customer retains a small portion of the contract price until completion of the contract, our contracts generally result in revenue recognized in excess of billings which we present as contract assets on the balance sheet. Amounts billed and due from our customers are classified as receivables on the balance sheet. The portion of the payments retained by the customer until final contract settlement is not considered a significant financing component because the intent is to protect the customer. For some contracts, we may be entitled to receive an advance payment. We recognize a liability for these advance payments in excess of revenue recognized and present it as contract liabilities on the balance sheet. The advance payment typically is not considered a significant financing component because it is used to meet working capital demands that can be higher in the early stages of a contract and to protect us from the other party failing to adequately complete some or all of its obligations under the contract. Warranty - Certain contracts include an assurance-type warranty clause, typically between 18 to 36 months, to guarantee that the products comply with agreed specifications. A service-type warranty may also be provided to the customer; in such a case, management allocates a portion of the transaction price to the warranty based on the estimated stand-alone selling price of the service-type warranty. Revenue recognized over time - Our performance obligations are satisfied over time as work progresses or at a point in time. Revenue from products and services transferred to customers over time accounted for approximately 83.3% and 83.1% of our revenue for the three and nine months ended September 30, 2018 , respectively. Typically, revenue is recognized over time using an input measure (e.g., costs incurred to date relative to total estimated costs at completion) to measure progress. Cost-to-cost method - For our long-term contracts, because of control transferring over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. Upon adoption of the new standard we generally use the cost-to-cost measure of progress for our contracts because it best depicts the transfer of control to the customer which occurs as we incur costs on our contracts. Under the cost-to-cost measure of progress, the extent of progress towards completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenues, including estimated fees or profits, are recorded proportionally as costs are incurred. Any expected losses on construction-type contracts in progress are charged to earnings, in total, in the period the losses are identified. Right to invoice practical expedient - The right-to-invoice practical expedient can be applied to a performance obligation satisfied over time if we have a right to invoice the customer for an amount that corresponds directly with the value transferred to the customer for our performance completed to date. When this practical expedient is used, we do not estimate variable consideration at the inception of the contract to determine the transaction price or for disclosure purposes. We have contracts which have payment terms dictated by daily or hourly rates where some contracts may have mixed pricing terms which include a fixed fee portion. For contracts in which we charge the customer a fixed rate based on the time or materials spent during the project that correspond to the value transferred to the customer, we recognize revenue in the amount to which we have the right to invoice. Contract modifications - Contracts are often modified to account for changes in contract specifications and requirements. We consider contract modifications to exist when the modification either creates new, or changes the existing, enforceable rights and obligations. Most of our contract modifications are for goods or services that are not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price and our measure of progress for the performance obligation to which it relates is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. Revenue Recognition by Segment The following is a description of principal activities separated by reportable segments from which the Company generates its revenue. See Note 5 to our condensed consolidated financial statements of this Quarterly Report for more detailed information about reportable segments. a. Subsea Our Subsea segment manufactures and designs products and systems, performs engineering, procurement and project management and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. Systems and services may be sold separately or as combined integrated systems and services offered within one contract. Many of the systems and products the Company supplies for subsea applications are highly engineered to meet the unique demands of our customers’ field properties and are typically ordered one to two years prior to installation. We often receive advance payments and progress billings from our customers in order to fund initial development and working capital requirements. Under Subsea engineering, procurement, construction and installation contracts, revenue is principally generated from long-term contracts with customers. We have determined these contracts generally have one performance obligation as the delivered product is highly customized to customer and field specifications. We generally recognize revenue over time for such contracts as the customized products do not have an alternative use for the Company and we have an enforceable right to payment plus a reasonable profit for performance completed to date. Our Subsea segment also performs an array of subsea services including (i) installation services, (ii) asset management services (iii) product optimization, (iv) inspection, maintenance and repair services, and (v) well access and intervention services, where revenue is generally earned through the execution of either installation-type or maintenance-type contracts. For either contract-type, management has determined that the performance of the service generally represents one single performance obligation. We have determined that revenue from these contracts is recognized over time as the customer simultaneously receives and consumes the benefit of the services. b. Onshore/Offshore Our Onshore/Offshore segment designs and builds onshore facilities related to the production, treatment, transformation and transportation of oil and gas; and designs, manufactures and installs fixed and floating platforms for the offshore production and processing of oil and gas reserves. Our onshore business combines the design, engineering, procurement, construction and project management of the entire range of onshore facilities. Our onshore activity covers all types of onshore facilities related to the production, treatment and transportation of oil and gas, as well as transformation with petrochemicals such as ethylene, polymers and fertilizers. Some of the onshore activities include the development of onshore fields, refining, natural gas treatment and liquefaction, and design and construction of hydrogen and synthesis gas production units. Many of these contracts provide a combination of engineering, procurement, construction, project management and installation services, which may last several years. We have determined that contracts of this nature have generally one performance obligation. In these contracts, the final product is highly customized to the specifications of the field and the customer’s requirements. Therefore, the customer obtains control of the asset over time, and thus revenue is recognized over time. Our offshore business combines the design, engineering, procurement, construction and project management within the entire range of fixed and floating offshore oil and gas facilities, many of which were the first of their kind, including the development of floating liquefied natural gas (“FLNG”) facilities. Similar to onshore contracts, contracts grouped under this segment provide a combination of services, which may last several years. We have determined that contracts of this nature have one performance obligation. In these contracts, the final product is highly customized to the specifications of the field and the customer’s requirements. We have determined that the customer obtains control of the asset over time, and thus revenue is recognized over time as the customized products do not have an alternative use for us and we have an enforceable right to payment plus reasonable profit for performance completed to date. c. Surface Technologies Our Surface Technologies segment designs, manufactures and supplies technologically advanced wellhead systems and high pressure valves and pumps used in stimulation activities for oilfield service companies and provides installation, flowback and other services for exploration and production companies. We provide a full range of drilling, completion and production wellhead systems for both standard and custom-engineered applications. Under pressure control product contracts, we design and manufacture flowline products, under the Weco®/Chiksan® trademarks, articulating frac arm manifold trailers, well service pumps, compact valves and reciprocating pumps used in well completion and stimulation activities by major oilfield service companies. Performance obligations within these systems are satisfied either through delivery of a standardized product or equipment or the delivery of a customized product or equipment. For contracts with a standardized product or equipment performance obligation, management has determined that because there is limited customization to products sold within such contracts and the asset delivered can be resold to another customer, revenue should be recognized as of a point in time, upon transfer of control to the customer and after the customer acceptance provisions have been met. For contracts with a customized product or equipment performance obligation, the revenue is recognized over time, as the manufacturing of our product does not create an asset with an alternative use for us. This segment also designs, manufactures and services measurement products globally. Contract-types include standard product or equipment and maintenance-type services where we have determined that each contract under this product line represents one performance obligation. Revenue from standard measurement equipment contracts is recognized at a point in time, while maintenance-type contracts are typically priced at a daily or hourly rate. We have determined that revenue for these contracts is recognized over time because the customer simultaneously receives and consumes the benefit of the services. Disaggregation of Revenue The Company disaggregates revenue by geographic location and contract types. The tables also include a reconciliation of the disaggregated revenue with the reportable segments. The following tables present products and services revenue by geography for each reportable segment for the three and nine months ended September 30, 2018 : Reportable Segments Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 (In millions) Subsea Onshore/Offshore Surface Technologies Subsea Onshore/Offshore Surface Technologies Europe, Russia, Central Asia $ 421.4 $ 831.5 $ 66.0 $ 1,136.3 $ 2,537.9 $ 172.5 America 437.4 89.4 208.3 1,219.3 253.0 653.3 Asia Pacific 118.2 300.6 34.1 368.1 906.5 85.9 Africa 162.5 54.8 16.3 703.9 202.3 43.4 Middle East 38.8 256.2 47.6 89.1 548.6 146.4 Total products and services revenue $ 1,178.3 $ 1,532.5 $ 372.3 $ 3,516.7 $ 4,448.3 $ 1,101.5 The following tables represent revenue by contract type for each reportable segment for the three and nine months ended September 30, 2018 : Reportable Segments Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 (In millions) Subsea Onshore/Offshore Surface Technologies Subsea Onshore/Offshore Surface Technologies Services $ 885.2 $ 1,532.5 $ 70.2 $ 2,525.9 $ 4,448.3 $ 185.0 Products 293.1 — 302.1 990.8 — 916.5 Total products and services revenue 1,178.3 1,532.5 372.3 3,516.7 4,448.3 1,101.5 Lease and other (a) 30.8 — 29.9 90.0 — 73.4 Total revenue $ 1,209.1 $ 1,532.5 $ 402.2 $ 3,606.7 $ 4,448.3 $ 1,174.9 (a) Represents revenue not subject to ASC Topic 606. Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts (contract assets), and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) on the consolidated balance sheets. Contract Assets - Contract Assets, previously disclosed as costs and estimated earnings in excess of billings on uncompleted contracts, include unbilled amounts typically resulting from sales under long-term contracts when revenue is recognized over time and revenue recognized exceeds the amount billed to the customer, and right to payment is not just subject to the passage of time. Amounts may not exceed their net realizable value. Costs and estimated earnings in excess of billings on uncompleted contracts are generally classified as current. Contract Liabilities - We sometimes receive advances or deposits from our customers, before revenue is recognized, resulting in contract liabilities. We classify contract liabilities as current or noncurrent based on the timing of when we expect to recognize revenue. The following table provides information about net contract assets (liabilities) as of September 30, 2018 and December 31, 2017 : (In millions) September 30, December 31, $ change % change Contract assets $ 1,286.9 $ 1,755.5 $ (468.6 ) (26.7 ) Contract (liabilities) (3,711.9 ) (3,314.2 ) (397.7 ) (12.0 ) Net contract assets (liabilities) $ (2,425.0 ) $ (1,558.7 ) $ (866.3 ) (55.6 ) The majority of the change in net contract assets (liabilities) was due to the adoption of ASC Topic 606. The adoption resulted in a net reclassification from net contract assets (liabilities) to trade receivables. A difference exists in the presentation of trade receivables, contract assets and contract liabilities. Upon adoption of ASC Topic 606, we recognize trade receivables when we have the unconditional right to payment. Previously, we reported certain billed amounts on a net basis within contract assets and contract liabilities when the legal right of offset was present within the contract; therefore certain amounts that were previously reported in contract assets and contract liabilities have been reclassified to trade receivables as of September 30, 2018 . The remaining decrease not related to the adoption of ASC Topic 606 in our contract assets from December 31, 2017 to September 30, 2018 was primarily due to the timing of milestone payments, partially offset by an increase of $5.7 million in contract assets due to acquisitions. The remaining increase not related to the adoption of ASC Topic 606 in our contract liabilities was primarily due to cash received, excluding amounts recognized as revenue during the period. In order to determine revenue recognized in the period from contract liabilities, we first allocate revenue to the individual contract liability balance outstanding at the beginning of the period until the revenue exceeds that balance. Revenue recognized for the three and nine months ended September 30, 2018 that were included in the contract liabilities balance at December 31, 2017 was $678.1 million and $2,115.8 million , respectively. In addition, net revenue recognized for the three and nine months ended September 30, 2018 from our performance obligations satisfied in previous periods has unfavorable impact of $66.4 million and favorable impact of $0.4 million , respectively. This primarily relates to the changes in the estimate of the stage of completion that impacted revenue. Transaction Price Allocated to the Remaining Unsatisfied Performance Obligations Remaining unsatisfied performance obligations (“RUPO” or “order backlog”) represent the transaction price for products and services for which we have a material right but work has not been performed. Transaction price of the RUPO includes the base transaction price, variable consideration and changes in transaction price. The RUPO table does not include contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The transaction price of RUPO related to unfilled, confirmed customer orders is estimated at each reporting date. As of September 30, 2018 , the aggregate amount of the transaction price allocated to RUPO was $15,178.0 million . The Company expects to recognize revenue on approximately 66.9% of the RUPO through 2019 and 33.1% thereafter. The following table details the RUPO for each business segment as of September 30, 2018 : (In millions) 2018 2019 Thereafter Subsea $ 1,102.7 $ 2,798.2 $ 2,442.5 Onshore/Offshore 1,602.0 4,194.7 2,582.1 Surface Technologies 352.5 103.3 — Total remaining unsatisfied performance obligations $ 3,057.2 $ 7,096.2 $ 5,024.6 Impact on Primary Financial Statements The impact to revenues for the three and nine months ended September 30, 2018 was a decrease of $6.0 million and $16.9 million , respectively, as a result of applying ASC Topic 606. A difference between revenue recognized under ASC Topic 606 as compared to ASC Topic 605 exists for certain contracts in which physical progress was used as the measure of progress for which the cost-to-cost method best depicts the transfer of control to the customer. Consolidated Statements of Income for the three and nine months ended September 30, 2018 : Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 (In millions, except per share data) As reported Effect of ASC Topic 606 Under ASC Topic 605 As reported Effect of ASC Topic 606 Under ASC Topic 605 Revenue Service revenue $ 2,487.9 $ 5.4 $ 2,493.3 $ 7,159.2 $ 19.0 $ 7,178.2 Product revenue 595.2 0.6 595.8 1,907.3 (2.1 ) 1,905.2 Lease and other revenue 60.7 — 60.7 163.4 — 163.4 Total revenue 3,143.8 6.0 3,149.8 9,229.9 16.9 9,246.8 Costs and expenses Cost of service revenue 2,046.6 (2.4 ) 2,044.2 5,846.0 (21.1 ) 5,824.9 Cost of product revenue 481.0 1.3 482.3 1,559.9 0.4 1,560.3 Cost of lease and other revenue 30.9 — 30.9 99.4 — 99.4 Selling, general and administrative expense 250.6 — 250.6 835.1 — 835.1 Research and development expense 38.6 — 38.6 133.3 — 133.3 Impairment, restructuring and other expenses (Note 14) 9.7 — 9.7 32.6 — 32.6 Merger transaction and integration costs (Note 2) 6.3 — 6.3 20.9 — 20.9 Total costs and expenses 2,863.7 (1.1 ) 2,862.6 8,527.2 (20.7 ) 8,506.5 Other income (expense), net 10.4 — 10.4 (12.6 ) — (12.6 ) Income from equity affiliates 16.4 — 16.4 70.6 — 70.6 Income before net interest expense and income taxes 306.9 7.1 314.0 760.7 37.6 798.3 Net interest expense (106.0 ) — (106.0 ) (244.3 ) — (244.3 ) Income before income taxes 200.9 7.1 208.0 516.4 37.6 554.0 Provision for income taxes (Note 16) 66.7 (18.5 ) 48.2 180.7 (5.3 ) 175.4 Net income 134.2 25.6 159.8 335.7 42.9 378.6 Net loss attributable to noncontrolling interests 2.7 0.1 2.8 2.0 (0.4 ) 1.6 Net income attributable to TechnipFMC plc $ 136.9 $ 25.7 $ 162.6 $ 337.7 $ 42.5 $ 380.2 Consolidated Balance Sheets as of September 30, 2018 : September 30, 2018 (In millions, except par value data) As reported Effect of ASC Topic 606 Under ASC Topic 605 Assets Cash and cash equivalents $ 5,553.3 $ — $ 5,553.3 Trade receivables, net 2,079.3 (1,153.2 ) 926.1 Contract assets 1,286.9 519.5 1,806.4 Inventories, net (Note 7) 1,171.0 23.4 1,194.4 Derivative financial instruments (Note 17) 97.0 — 97.0 Income taxes receivable 333.3 — 333.3 Advances paid to suppliers 211.5 — 211.5 Other current assets (Note 8) 830.9 — 830.9 Total current assets 11,563.2 (610.3 ) 10,952.9 Investments in equity affiliates 360.3 — 360.3 Property, plant and equipment, net of accumulated depreciation 3,670.5 — 3,670.5 Goodwill 9,003.4 — 9,003.4 Intangible assets, net of accumulated amortization 1,223.1 — 1,223.1 Deferred income taxes 426.8 (13.9 ) 412.9 Derivative financial instruments (Note 17) 80.0 — 80.0 Other assets 332.7 0.8 333.5 Total assets $ 26,660.0 $ (623.4 ) $ 26,036.6 Liabilities and equity Short-term debt and current portion of long-term debt (Note 11) $ 78.4 $ — $ 78.4 Accounts payable, trade 2,800.9 31.5 2,832.4 Contract liabilities 3,711.9 (757.3 ) 2,954.6 Accrued payroll 375.5 — 375.5 Derivative financial instruments (Note 17) 92.1 — 92.1 Income taxes payable 208.2 4.9 213.1 Other current liabilities (Note 8) 1,435.8 (32.8 ) 1,403.0 Total current liabilities 8,702.8 (753.7 ) 7,949.1 Long-term debt, less current portion (Note 11) 4,017.1 — 4,017.1 Accrued pension and other post-retirement benefits, less current portion 230.1 — 230.1 Derivative financial instruments (Note 17) 81.2 — 81.2 Deferred income taxes 351.8 (4.0 ) 347.8 Other liabilities 413.0 — 413.0 Total liabilities 13,796.0 (757.7 ) 13,038.3 Commitments and contingent liabilities (Note 15) Mezzanine equity Redeemable noncontrolling interest 39.7 — 39.7 Stockholders’ equity (Note 12) Ordinary shares 452.9 — 452.9 Ordinary shares held in employee benefit trust (2.4 ) — (2.4 ) Capital in excess of par value of ordinary shares 10,247.1 — 10,247.1 Retained earnings 3,421.1 134.0 3,555.1 Accumulated other comprehensive loss (1,313.9 ) — (1,313.9 ) Total TechnipFMC plc stockholders’ equity 12,804.8 134.0 12,938.8 Noncontrolling interests 19.5 0.3 19.8 Total equity 12,824.3 134.3 12,958.6 Total liabilities and equity $ 26,660.0 $ (623.4 ) $ 26,036.6

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2018
Segment Reporting, Measurement Disclosures [Abstract]
Business Segments	BUSINESS SEGMENTS Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide, which corresponds to the manner in which our Chief Executive Officer, as our chief operating decision maker, reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. Upon completion of the Merger, we reorganized our reporting structure and aligned our segments and the underlying businesses to execute the strategy of TechnipFMC. As a result, we report the results of operations in the following segments: Subsea, Onshore/Offshore and Surface Technologies. Our reportable segments are: • Subsea - manufactures and designs products and systems, performs engineering, procurement and project management and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. • Onshore/Offshore - designs and builds onshore facilities related to the production, treatment, transformation and transportation of oil and gas; and designs, manufactures and installs fixed and floating platforms for the production and processing of oil and gas reserves. • Surface Technologies - designs and manufactures systems and provides services used by oil and gas companies involved in land and shallow water exploration and production of crude oil and natural gas; designs, manufactures and supplies technologically advanced high pressure valves and fittings for oilfield service companies; and also provides flowback and well testing services. Segment operating profit is defined as total segment revenue less segment operating expenses. Income (loss) from equity method investments is included in computing segment operating profit. The following items have been excluded in computing segment operating profit: corporate staff expense, net interest income (expense) associated with corporate debt facilities, income taxes, and other revenue and other expense, net. Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Segment revenue Subsea $ 1,209.1 $ 1,478.2 $ 3,606.7 $ 4,585.2 Onshore/Offshore 1,532.5 2,308.1 4,448.3 5,885.0 Surface Technologies 402.2 353.9 1,174.9 902.3 Other revenue — 0.7 — 1.4 Total revenue $ 3,143.8 $ 4,140.9 $ 9,229.9 $ 11,373.9 Segment operating profit (loss) Subsea $ 79.7 $ 102.8 $ 210.0 $ 393.1 Onshore/Offshore 243.4 206.4 617.6 553.7 Surface Technologies 51.9 49.0 134.0 29.4 Total segment operating profit 375.0 358.2 961.6 976.2 Corporate items Corporate expense (a) (68.1 ) (42.3 ) (200.9 ) (224.3 ) Net interest expense (106.0 ) (86.3 ) (244.3 ) (240.5 ) Total corporate items (174.1 ) (128.6 ) (445.2 ) (464.8 ) Income before income taxes (b) $ 200.9 $ 229.6 $ 516.4 $ 511.4 (a) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger-related transaction expenses. (b) Includes amounts attributable to noncontrolling interests. Segment assets were as follows: (In millions) September 30, December 31, 2017 Segment assets Subsea $ 12,980.7 $ 12,944.4 Onshore/Offshore 3,878.6 4,604.8 Surface Technologies 2,725.7 2,453.3 Intercompany eliminations (11.0 ) (24.3 ) Total segment assets 19,574.0 19,978.2 Corporate (a) 7,086.0 8,285.5 Total assets $ 26,660.0 $ 28,263.7 (a) Corporate includes cash, LIFO adjustments, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE A reconciliation of the number of shares used for the basic and diluted earnings per share calculation was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2018 2017 2018 2017 Net income attributable to TechnipFMC plc $ 136.9 $ 121.0 $ 337.7 $ 267.2 Weighted average number of shares outstanding 454.5 467.2 460.0 466.8 Dilutive effect of restricted stock units 1.2 0.7 1.0 0.1 Dilutive effect of stock options 0.1 — 0.1 0.1 Dilutive effect of performance shares 3.2 1.8 2.9 1.3 Total shares and dilutive securities 459.0 469.7 464.0 468.3 Basic earnings per share attributable to TechnipFMC plc $ 0.30 $ 0.26 $ 0.73 $ 0.57 Diluted earnings per share attributable to TechnipFMC plc $ 0.30 $ 0.26 $ 0.73 $ 0.57

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 325.3 $ 271.4 Work in process 174.5 130.2 Finished goods 671.2 585.4 Inventories, net $ 1,171.0 $ 987.0

Other Current Assets & Other Cu

Other Current Assets & Other Current Liabilities	9 Months Ended
	Sep. 30, 2018
Other Current Assets and Other Current Liabilities [Abstract]
Other Current Assets & Other Current Liabilities	OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES Other current assets consisted of the following: (In millions) September 30, December 31, Value-added tax receivables $ 326.7 $ 532.5 Prepaid expenses 126.5 136.2 Other taxes receivables 94.2 155.8 Held-to-maturity investments 60.0 60.0 Asset held for sale 20.9 50.2 Other 202.6 271.5 Total other current assets $ 830.9 $ 1,206.2 Other current liabilities consisted of the following: (In millions) September 30, December 31, Warranty accruals $ 316.0 $ 321.3 Contingencies related to completed contracts 140.3 214.9 Provisions 258.8 223.0 Social security liability 101.5 145.0 Redeemable financial liability 174.2 69.7 Other taxes payable 123.8 204.4 Compensation accrual 81.2 123.5 Liabilities held for sale 14.9 13.7 Current portion of accrued pension and other post-retirement benefits 11.1 10.3 Other accrued liabilities 214.0 362.1 Total other current liabilities $ 1,435.8 $ 1,687.9

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	EQUITY METHOD INVESTMENTS Our income (loss) from equity affiliates included in each of our reporting segments was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Subsea $ 15.7 $ 18.7 $ 52.0 $ 40.4 Onshore/Offshore 0.7 (1.4 ) 18.6 (1.0 ) Income (loss) from equity affiliates $ 16.4 $ 17.3 $ 70.6 $ 39.4

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Receivables, payables, revenues and expenses which are included in our consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows: (In millions) September 30, 2018 December 31, 2017 Trade receivables $ 55.8 $ 98.4 Trade payables (18.5 ) (121.8 ) Net trade receivables/(payables) $ 37.3 $ (23.4 ) Note receivables $ 127.8 $ 140.9 Trade receivables consisted of receivables due from following related parties: (In millions) September 30, 2018 December 31, 2017 TP JGC Coral France SNC $ 25.4 $ 42.5 Technip Odebrecht PLSV CV 10.7 13.8 Anadarko Petroleum Company 8.0 22.3 Others 11.7 19.8 Total trade receivables $ 55.8 $ 98.4 TP JGC Coral France SNC and Technip Odebrecht PLSV CV are equity method affiliates. A member of our Board of Directors serves on the Board of Directors of Anadarko Petroleum Company. Trade payables consisted of payables due to following related parties: (In millions) September 30, 2018 December 31, 2017 Dofcon Navegacao $ 11.4 $ 12.3 Chiyoda — 48.3 JGC Corporation — 52.4 Others 7.1 8.8 Total trade payables $ 18.5 $ 121.8 Dofcon Navegacao is an equity affiliate. JGC Corporation and Chiyoda are joint venture partners on our Yamal project. The note receivables balance includes $118.4 million and $114.9 million with Dofcon Brasil AS at September 30, 2018 and December 31, 2017 , respectively. Dofcon Brasil AS is a VIE and accounted for as an equity method affiliate. These are included in other noncurrent assets on our consolidated balance sheets. Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Revenue $ 72.8 $ 34.2 $ 225.6 $ 102.6 Expenses $ 7.2 $ 34.2 $ 13.3 $ 97.2 Revenue consisted of amount from following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Anadarko Petroleum Company $ 33.6 $ 12.0 $ 109.1 $ 49.3 TP JGC Coral France SNC 26.4 — 87.8 — Others 12.8 22.2 28.7 53.3 Total revenue $ 72.8 $ 34.2 $ 225.6 $ 102.6 Expenses consisted of amount to following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Chiyoda $ — $ 14.5 $ — $ 28.1 JGC Corporation — 9.9 — 30.3 Others 7.2 9.8 13.3 38.8 Total expenses $ 7.2 $ 34.2 $ 13.3 $ 97.2

Debt

Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt	DEBT Long-term debt consisted of the following: (In millions) September 30, December 31, Revolving credit facility $ — $ — Bilateral credit facilities — — Commercial paper 1,755.8 1,450.4 Synthetic bonds due 2021 502.0 502.4 3.45% Senior Notes due 2022 500.0 500.0 5.00% 2010 Private placement notes due 2020 235.5 239.9 3.40% 2012 Private placement notes due 2022 176.7 179.9 3.15% 2013 Private placement notes due 2023 153.1 155.9 3.15% 2013 Private placement notes due 2023 147.2 149.9 4.00% 2012 Private placement notes due 2027 88.3 89.9 4.00% 2012 Private placement notes due 2032 117.8 119.9 3.75% 2013 Private placement notes due 2033 117.8 119.9 Bank borrowings 279.5 332.5 Other 33.9 28.2 Unamortized issuing fees (12.1 ) (13.8 ) Total long-term debt 4,095.5 3,855.0 Less: current borrowings 78.4 77.1 Long-term debt $ 4,017.1 $ 3,777.9 Revolving credit facility - On January 17, 2017 , we acceded to a new $2.5 billion senior unsecured revolving credit facility agreement (“facility agreement”) among FMC Technologies, Inc. and Technip Eurocash SNC (the “Borrowers”) with JPMorgan Chase Bank, National Association (“JPMorgan”), as agent and an arranger, SG Americas Securities LLC as an arranger, and the lenders party thereto. The facility agreement provides for the establishment of a multicurrency, revolving credit facility, which includes a $1.5 billion letter of credit subfacility. Subject to certain conditions, the Borrowers may request the aggregate commitments under the facility agreement be increased by an additional $500.0 million . The facility expires in January 2022 . Borrowings under the facility agreement bear interest at the following rates, plus an applicable margin, depending on currency: • U.S. dollar-denominated loans bear interest, at the Borrowers’ option, at a base rate or an adjusted rate linked to the London interbank offered rate (“Adjusted LIBOR”); • sterling-denominated loans bear interest at Adjusted LIBOR; and • euro-denominated loans bear interest at the Euro interbank offered rate (“EURIBOR”). Depending on the credit rating of TechnipFMC, the applicable margin for revolving loans varies (i) in the case of Adjusted LIBOR and EURIBOR loans, from 0.820% to 1.300% and (ii) in the case of base rate loans, from 0.000% to 0.300% . The “base rate” is the highest of (a) the prime rate announced by JPMorgan, (b) the greater of the Federal Funds Rate and the Overnight Bank Funding Rate plus 0.5% or (c) one-month Adjusted LIBOR plus 1.0% . The facility agreement contains usual and customary covenants, representations and warranties and events of default for credit facilities of this type, including financial covenants requiring that our total capitalization ratio not exceed 60% at the end of any financial quarter. The facility agreement also contains covenants restricting our ability and our subsidiaries’ ability to incur additional liens and indebtedness, enter into asset sales or make certain investments. As of September 30, 2018 , we were in compliance with all restrictive covenants under our revolving credit facility. Bilateral credit facilities - We have access to four bilateral credit facilities in the aggregate of €320.0 million . The bilateral credit facilities consist of: • two credit facilities of €80.0 million each expiring in May 2019 ; • a credit facility of €60.0 million expiring in June 2019 ; and • a credit facility of €100.0 million expiring in May 2021 . Each bilateral credit facility contains usual and customary covenants, representations and warranties and events of default for credit facilities of this type. Commercial paper - Under our commercial paper program, we have the ability to access $1.5 billion and €1.0 billion of short-term financing through our commercial paper dealers, subject to the limit of unused capacity of our facility agreement. As we have both the ability and intent to refinance these obligations on a long-term basis, our commercial paper borrowings were classified as long-term debt in the consolidated balance sheets as of September 30, 2018 and December 31, 2017 . Commercial paper borrowings are issued at market interest rates. As of September 30, 2018 , our commercial paper borrowings had a weighted average interest rate of 2.50% on the U.S. dollar denominated borrowings and (0.28)% on the Euro denominated borrowings.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Cash dividends declared per share during the three and nine months ended September 30, 2018 were $0.13 and $0.39 . There were no cash dividends declared during the three and nine months ended September 30, 2017 . Cash dividends paid during the nine months ended September 30, 2018 for dividends declared on February 20, 2018 , April 24, 2018 and July 24, 2018 were $179.2 million . There were no cash dividends paid during the nine months ended September 30, 2017 . 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 U.S. GAAP reported amount (e.g., retained earnings). As of September 30, 2018, we had distributable reserves in excess of $9.5 billion . In April 2017, the Board of Directors authorized the repurchase of up to $500.0 million in ordinary shares under our share repurchase program. We implemented our share repurchase program in September 2017, and we repurchased 12.3 million of ordinary shares for a total consideration of $384.2 million during the nine months ended September 30, 2018 under this program. We intend to cancel repurchased shares and not hold them in treasury. Canceled treasury shares are accounted for using the constructive retirement method. Accumulated other comprehensive loss consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2017 $ (1,014.6 ) $ 27.8 $ (16.9 ) $ (1,003.7 ) $ 0.6 Other comprehensive income (loss) before reclassifications, net of tax (241.8 ) (21.0 ) 0.3 (262.5 ) 0.8 Reclassification adjustment for net losses (gains) included in net income, net of tax (41.1 ) (7.2 ) 0.6 (47.7 ) — Other comprehensive income (loss), net of tax (282.9 ) (28.2 ) 0.9 (310.2 ) 0.8 September 30, 2018 $ (1,297.5 ) $ (0.4 ) $ (16.0 ) $ (1,313.9 ) $ 1.4 Reclassifications out of accumulated other comprehensive loss consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Comprehensive Loss Affected Line Item in the Condensed Consolidated Statements of Income Gains on foreign currency translation $ 41.1 $ — $ 41.1 $ — Other income (expense), net Gains (losses) on hedging instruments Foreign exchange contracts $ (0.8 ) $ (6.3 ) $ 2.8 $ (31.6 ) Revenue 1.1 0.2 6.2 1.7 Cost of sales (0.1 ) 0.5 (0.1 ) 0.7 Selling, general and administrative expense — — — (0.1 ) Research and development expense 4.8 (20.4 ) 0.1 (70.6 ) Other income (expense), net 5.0 (26.0 ) 9.0 (99.9 ) Income before income taxes 1.2 (6.3 ) 1.8 (25.6 ) Provision for income taxes (Note 16) $ 3.8 $ (19.7 ) $ 7.2 $ (74.3 ) Net income Pension and other post-retirement benefits Amortization of actuarial gain (loss) $ — $ (0.7 ) $ — $ (1.9 ) (a) Amortization of prior service credit (cost) (0.3 ) (0.3 ) (0.6 ) (0.6 ) (a) (0.3 ) (1.0 ) (0.6 ) (2.5 ) Income before income taxes — (0.3 ) — (0.7 ) Provision for income taxes (Note 16) $ (0.3 ) $ (0.7 ) $ (0.6 ) $ (1.8 ) Net income (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Impairment, Restructuring and O

Impairment, Restructuring and Other Expenses	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Impairment, Restructuring and Other Expenses	IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES Impairment, restructuring and other expenses were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Subsea $ 5.0 $ 22.8 $ 19.1 $ 35.5 Onshore/Offshore (0.2 ) 28.9 (5.8 ) 0.9 Surface Technologies 1.3 7.8 8.0 12.0 Corporate and other 3.6 (0.1 ) 11.3 8.4 Total impairment, restructuring and other expenses $ 9.7 $ 59.4 $ 32.6 $ 56.8 Restructuring charges during the three and nine months ended September 30, 2018 primarily consisted of severance and other employee related costs and costs related to consolidation of facilities.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2018
Share-based Compensation [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION On January 11, 2017, we adopted the TechnipFMC plc Incentive Award Plan (the “Plan”). The Plan provides certain incentives and awards to officers, employees, non-employee directors and consultants of TechnipFMC and its subsidiaries. The Plan allows our Board of Directors to make various types of awards to non-employee directors and the Compensation Committee of the Board of Directors to make various types of awards to other eligible individuals. Awards may include share options, share appreciation rights, performance stock units, restricted stock units, restricted shares or other awards authorized under the Plan. All awards are subject to the Plan’s provisions, including all share-based grants previously issued by FMC Technologies and Technip prior to consummation of the Merger. Under the Plan, 24.1 million ordinary shares were authorized for awards. We recognize compensation expense and the corresponding tax benefits for awards under the Plan. Share-based compensation expense for nonvested share options and time-based and performance-based restricted stock units was $15.9 million and $10.2 million for the three months ended September 30, 2018 and 2017 , respectively, and $41.7 million and $34.9 million for the nine months ended September 30, 2018 and 2017 , respectively.

Commitments And Contingent Liab

Commitments And Contingent Liabilities	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Contingent liabilities associated with guarantees - In the ordinary course of business, we enter into standby letters of credit, performance bonds, surety bonds and other guarantees with financial institutions for the benefit of our customers, vendors and other parties. The majority of these financial instruments expire within five years. Management does not expect any of these financial instruments to result in losses that, if incurred, would have a material adverse effect on our consolidated financial position, results of operations or cash flows. Guarantees consisted of the following: (In millions) September 30, December 31, Financial guarantees (a) $ 830.7 $ 933.3 Performance guarantees (b) 4,101.3 3,670.3 Maximum potential undiscounted payments $ 4,932.0 $ 4,603.6 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service. Management believes the ultimate resolution of our known contingencies will not materially affect our consolidated financial position, results of operations or cash flows. Contingent liabilities associated with legal matters A purported shareholder class action filed in 2017 and amended in January 2018 and captioned Prause v. TechnipFMC, et al., No. 4:17-cv-02368 (S.D. Texas) is pending in the U.S. District Court for the Southern District of Texas against the Company and certain current officers and a former employee of the Company. The suit alleges violations of the federal securities laws in connection with the Company's restatement of our first quarter 2017 financial results and a material weakness in our internal control over financial reporting announced on July 24, 2017. The Company is vigorously contesting the litigation and cannot predict its duration or outcome. On March 28, 2016, FMC Technologies received an inquiry from the U.S. Department of Justice ("DOJ") related to the DOJ's investigation of whether certain services Unaoil S.A.M. provided to its clients, including FMC Technologies, violated the U.S. Foreign Corrupt Practices Act ("FCPA"). On March 29, 2016, Technip S.A. also received an inquiry from the DOJ related to Unaoil. We are cooperating with the DOJ's investigations and, with regard to FMC Technologies, a related investigation by the U.S. Securities and Exchange Commission. In late 2016, Technip S.A. was contacted by the DOJ regarding its investigation of offshore platform projects awarded between 2003 and 2007, performed in Brazil by a joint venture company in which Technip S.A. was a minority participant, and we have also raised with DOJ certain other projects performed by Technip S.A. subsidiaries in Brazil between 2002 and 2013. The DOJ has also inquired about projects in Ghana and Equatorial Guinea that were awarded to Technip S.A. subsidiaries in 2008 and 2009, respectively. We are cooperating with the DOJ in its investigation into potential violations of the FCPA in connection with these projects. We have contacted the Brazilian authorities and are cooperating with their investigation concerning the projects in Brazil and have also contacted French authorities about certain of the existing matters. Certain of the government investigations have identified issues relating to potential non-compliance with applicable laws and regulations, including the FCPA, Brazilian and French law, related to these historic matters. U.S. authorities have a broad range of civil and criminal sanctions under the FCPA and other laws and regulations, which they may seek to impose against corporations and individuals in appropriate circumstances including, but not limited to, fines, penalties and modifications to business practices and compliance programs. These authorities have entered into agreements with, and obtained a range of sanctions against, numerous public corporations and individuals arising from allegations of improper payments whereby civil and/or criminal penalties were imposed. Recent civil and criminal settlements have included fines of tens or hundreds of millions of dollars, deferred prosecution agreements, guilty pleas and other sanctions, including the requirement that the relevant corporation retain a monitor to oversee its compliance with the FCPA. Brazilian and French authorities also have a range of sanctions available to them and have recently imposed substantial fines on corporations for anti-corruption violations. Any of these remedial measures, if applicable to us, as well as potential customer reaction to such remedial measures, could have a material adverse impact on our business, results of operations and financial condition. In addition to the above-referenced matters, we are involved in various pending or potential legal actions or disputes in the ordinary course of our business. Management is unable to predict the ultimate outcome of these actions because of their inherent uncertainty. However, management believes that the most probable, ultimate resolution of these matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our provision for income taxes for the three months ended September 30, 2018 and 2017 reflected effective tax rates of 33.2% and 48.6% , respectively. Our provision (benefit) for income tax for the nine months ended September 30, 2018 and 2017 reflected effective tax rates of 35.0% and 48.8% , respectively. The year-over-year decrease in the effective tax rate was primarily due to favorable changes in forecasted earnings mix and reduced impact of losses in jurisdictions with a full valuation allowance. In addition, individual tax items, combined with higher profitability in the current period, had less of an impact on the effective rate in the nine months ended September 30, 2018 as compared to the same periods in 2017 . The effective tax rates for the three and nine months ended September 30, 2018 reflect the reduced U.S. federal corporate tax rate of 21% as a result of the Tax Cuts and Jobs Act. The Company also reflected provisional estimates related to the tax imposed on the deemed repatriation to the United States of the undistributed earnings of certain of the Company’s non-U.S. subsidiaries in 2017. During the third quarter of 2018, we did not make any adjustments to the provisional amounts. However, we are continuing to gather additional information to complete our accounting for this item. In addition, the Company is also continuing to assess other aspects of U.S. tax reform that apply in 2018, including the Global Intangible Low Tax Income regime, the Base Erosion Anti-Abuse Tax, the Foreign Derived Intangible Income regime, and the new limitation on the deductibility of interest expense. We have included estimates for the impacts of these items, and they are not expected to be material for 2018. Our effective tax rate can fluctuate depending on our country mix of earnings, since our foreign earnings are generally subject to higher tax rates than in the United Kingdom.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS For purposes of mitigating the effect of changes in exchange rates, we hold derivative financial instruments to hedge the risks of certain identifiable and anticipated transactions and recorded assets and liabilities in our consolidated balance sheets. The types of risks hedged are those relating to the variability of future earnings and cash flows caused by movements in foreign currency exchange rates. Our policy is to hold derivatives only for the purpose of hedging risks associated with anticipated foreign currency purchases and sales created in the normal course of business, and not for trading purposes where the objective is solely to generate profit. Generally, we enter into hedging relationships such that changes in the fair values or cash flows of the transactions being hedged are expected to be offset by corresponding changes in the fair value of the derivatives. For derivative instruments that qualify as a cash flow hedge, the effective portion of the gain or loss of the derivative, which does not include the time value component of a forward currency rate, is reported as a component of other comprehensive income (“OCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. For derivative instruments not designated as hedging instruments, any change in the fair value of those instruments are reflected in earnings in the period such change occurs. We hold the following types of derivative instruments: Foreign exchange rate forward contracts - The purpose of these instruments is to hedge the risk of changes in future cash flows of anticipated purchase or sale commitments denominated in foreign currencies and recorded assets and liabilities in our consolidated balance sheets. At September 30, 2018 , we held the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Euro 602.3 706.9 British pound 202.3 266.3 Norwegian krone 1,876.2 230.0 Australian dollar 219.0 158.9 Brazilian real 450.9 112.6 Malaysian ringgit 402.0 97.3 Japanese yen 4,034.0 35.8 Singapore dollar 42.8 31.3 Mexican peso (248.0 ) (13.1 ) Argentinian peso (717.4 ) (18.0 ) Canadian dollar (243.5 ) (187.6 ) U.S. dollar (906.1 ) (906.1 ) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects, or comply with government restrictions on the currency used to purchase goods in certain countries. At September 30, 2018 , our portfolio of these instruments included the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Brazilian real (37.9 ) (9.5 ) Norwegian krone (72.6 ) (8.9 ) U.S. dollar 11.8 11.8 Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 18 to our condensed consolidated financial statements of this Quarterly Report for further disclosures related to the fair value measurement process. Accordingly, the estimates presented may not be indicative of the amounts that we would realize in a current market exchange and may not be indicative of the gains or losses we may ultimately incur when these contracts are settled. The following table presents the location and fair value amounts of derivative instruments reported in the consolidated balance sheets: September 30, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 81.0 $ 78.6 $ 65.6 $ 51.0 Long-term - Derivative financial instruments 13.6 14.8 28.0 1.7 Total derivatives designated as hedging instruments 94.6 93.4 93.6 52.7 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 16.0 13.5 12.7 18.0 Long-term - Derivative financial instruments — — 4.7 4.2 Total derivatives not designated as hedging instruments 16.0 13.5 17.4 22.2 Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium 66.4 — 62.2 — Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives — 66.4 — 62.2 Total derivatives $ 177.0 $ 173.3 $ 173.2 $ 137.1 We recognized a gain of $3.2 million and $10.8 million for the three months ended September 30, 2018 and 2017 , respectively, and a loss of $1.9 million and a gain of $26.9 million for the nine months ended September 30, 2018 and 2017 , respectively, due to hedge ineffectiveness as it was probable that the original forecasted transaction would not occur. Cash flow derivative hedges of forecasted transactions, net of tax, which qualify for hedge accounting, resulted in accumulated other comprehensive loss of $0.4 million and accumulated other comprehensive income of $28.5 million at September 30, 2018 and December 31, 2017 , respectively. We expect to transfer approximately $11.5 million of income from accumulated OCI to earnings during the next 12 months when the anticipated transactions actually occur. All anticipated transactions currently being hedged are expected to occur by the second half of 2023 . The following table presents the location of gains (losses) on the consolidated statements of income related to derivative instruments designated as fair value hedges: Gain (Loss) Recognized in Income Location of Fair Value Hedge Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Other income (expense), net $ 33.4 $ 12.2 $ 22.7 $ 61.9 The following tables present the location of gains (losses) on the consolidated statements of other comprehensive income and/or the consolidated statements of income related to derivative instruments designated as cash flow hedges: Gain (Loss) Recognized in OCI (Effective Portion) Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts $ 16.5 $ 38.3 $ (24.0 ) $ 98.7 Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Cash Flow Hedge Gain (Loss) Reclassified from Accumulated OCI into Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts Revenue $ (0.8 ) $ (6.3 ) $ 2.8 $ (31.6 ) Cost of sales 1.1 0.2 6.2 1.7 Selling, general and administrative expense (0.1 ) 0.5 (0.1 ) 0.7 Research and development expense — — — (0.1 ) Other income (expense), net 4.8 (20.4 ) 0.1 (70.6 ) Total $ 5.0 $ (26.0 ) $ 9.0 $ (99.9 ) Gain (Loss) Recognized in Income (Ineffective Portion Location of Cash Flow Hedge Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts Revenue $ (5.7 ) $ 3.7 $ (4.9 ) $ 7.9 Cost of sales 6.1 (2.8 ) 4.1 (7.3 ) Other income (expense), net (26.6 ) 10.6 (23.4 ) 24.6 Total $ (26.2 ) $ 11.5 $ (24.2 ) $ 25.2 The following table presents the location of gains (losses) on the consolidated statements of income related to derivative instruments not designated as hedging instruments: Gain (Loss) Recognized in Income on Derivatives (Instruments Not Designated as Hedging Instruments) Location of Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts Revenue $ — $ 0.7 $ (0.9 ) $ 0.7 Cost of sales 0.2 0.1 0.4 (0.4 ) Other income (expense), net (5.3 ) (5.6 ) (6.9 ) 26.6 Total $ (5.1 ) $ (4.8 ) $ (7.4 ) $ 26.9 Balance Sheet Offsetting - We execute derivative contracts only with counterparties that consent to a master netting agreement, which permits net settlement of the gross derivative assets against gross derivative liabilities. Each instrument is accounted for individually and assets and liabilities are not offset. As of September 30, 2018 and December 31, 2017 , we had no collateralized derivative contracts. The following tables present both gross information and net information of recognized derivative instruments: September 30, 2018 December 31, 2017 (In millions) Gross Amount Recognized Gross Amounts Not Offset, But Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, But Permitted Under Master Netting Agreements Net Amount Derivative assets $ 177.0 $ (151.9 ) $ 25.1 $ 173.2 $ (114.4 ) $ 58.8 Derivative liabilities $ 173.3 $ (151.9 ) $ 21.4 $ 137.1 $ (114.4 ) $ 22.7

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2018 December 31, 2017 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities (a) $ 46.6 $ 46.6 $ — $ — $ 63.7 $ 63.7 $ — $ — Money market fund 1.5 — 1.5 — 2.4 — 2.4 — Stable value fund (b) 0.5 — — — 0.6 — — — Derivative financial instruments Synthetic bonds - call option premium 66.4 — 66.4 — 62.2 — 62.2 — Foreign exchange contracts 110.6 — 110.6 — 111.0 — 111.0 — Asset held for sale 20.9 — — 20.9 50.2 — — 50.2 Total assets $ 246.5 $ 46.6 $ 178.5 $ 20.9 $ 290.1 $ 63.7 $ 175.6 $ 50.2 Liabilities Redeemable financial liability $ 401.3 $ — $ — $ 401.3 $ 312.0 $ — $ — $ 312.0 Derivative financial instruments Synthetic bonds - embedded derivatives 66.4 — 66.4 — 62.2 — 62.2 — Foreign exchange contracts 106.9 — 106.9 — 74.9 — 74.9 — Liabilities held for sale 14.9 — — 14.9 13.7 — — 13.7 Total liabilities $ 589.5 $ — $ 173.3 $ 416.2 $ 462.8 $ — $ 137.1 $ 325.7 (a) Includes fixed income and other investments measured at fair value. (b) Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. Equity securities - The fair value measurement of our traded securities is based on quoted prices that we have the ability to access in public markets. Stable value fund and Money market fund - Stable value fund and money market fund are valued at the net asset value of the shares held at the end of the quarter, which is based on the fair value of the underlying investments using information reported by our investment advisor at quarter-end. Mandatorily redeemable financial liability - In the fourth quarter of 2016, we obtained voting control interests in legal Onshore/Offshore contract entities which own and account for the design, engineering and construction of the Yamal LNG plant. As part of this transaction, we recognized the fair value of the mandatorily redeemable financial liability using a discounted cash flow model. The key assumptions used in applying the income approach are the selected discount rates and the expected dividends to be distributed in the future to the noncontrolling interest holders. Expected dividends to be distributed are based on the noncontrolling interests’ share of the expected profitability of the underlying contract, the selected discount rate and the overall timing of completion of the project. A mandatorily redeemable financial liability of $312.0 million was recognized as of December 31, 2017 to account for the fair value of the non-controlling interests. During the three and nine months ended September 30, 2018 , we revalued the liability to reflect current expectations about the obligation, which resulted in the recognition of a loss of $93.2 million and $213.5 million , respectively. A decrease of one percentage point in the discount rate would have increased the liability by $7.2 million as of September 30, 2018 . The fair value measurement is based upon significant unobservable inputs not observable in the market and is consequently classified as a Level 3 fair value measurement. Change in the fair value of our Level 3 mandatorily redeemable financial liability is recorded as interest expense on the consolidated statements of income and is presented below: Nine Months Ended September 30, (In millions) 2018 2017 Balance at beginning of period $ 312.0 $ 174.8 Less: Gains (losses) recognized in net interest expense (213.5 ) (202.9 ) Less: Settlements 124.2 76.6 Balance at end of period $ 401.3 $ 301.1 Redeemable noncontrolling interest - In the first quarter of 2018, we acquired a 51% share in Island Offshore. The noncontrolling interest is recorded as mezzanine equity at fair value. The fair value measurement is based upon significant unobservable inputs not observable in the market and is consequently classified as a Level 3 fair value measurement. As of September 30, 2018 , the fair value of our redeemable noncontrolling interest was $39.7 million . See Note 2 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to the acquisition. Derivative financial instruments - We use the income approach as the valuation technique to measure the fair value of foreign currency derivative instruments on a recurring basis. This approach calculates the present value of the future cash flow by measuring the change from the derivative contract rate and the published market indicative currency rate, multiplied by the contract notional values. Credit risk is then incorporated by reducing the derivative’s fair value in asset positions by the result of multiplying the present value of the portfolio by the counterparty’s published credit spread. Portfolios in a liability position are adjusted by the same calculation; however, a spread representing our credit spread is used. Our credit spread, and the credit spread of other counterparties not publicly available, are approximated by using the spread of similar companies in the same industry, of similar size and with the same credit rating. At the present time, we have no credit-risk-related contingent features in our agreements with the financial institutions that would require us to post collateral for derivative positions in a liability position. See Note 17 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to derivative financial instruments. Other fair value disclosures Fair value of debt - The respective carrying value and fair value of our Synthetic bonds and our Senior Notes and private placement notes on a combined basis as of September 30, 2018 was $2,026.2 million and $2,229.2 million , respectively. The respective carrying value and fair value of our Synthetic bonds and our Senior Notes and private placement notes on a combined basis as of December 31, 2017 were $2,043.8 million and $2,308.2 million . Other fair value disclosures - The carrying amounts of cash and cash equivalents, trade receivables, accounts payable, short-term debt, commercial paper, debt associated with our bank borrowings, credit facilities, convertible bonds, as well as amounts included in other current assets and other current liabilities that meet the definition of financial instruments, approximate fair value. Credit risk - By their nature, financial instruments involve risk, including credit risk, for non-performance by counterparties. Financial instruments that potentially subject us to credit risk primarily consist of trade receivables and derivative contracts. We manage the credit risk on financial instruments by transacting only with what management believes are financially secure counterparties, requiring credit approvals and credit limits, and monitoring counterparties’ financial condition. Our maximum exposure to credit loss in the event of non-performance by the counterparty is limited to the amount drawn and outstanding on the financial instrument. Allowances for losses on trade receivables are established based on collectibility assessments. We mitigate credit risk on derivative contracts by executing contracts only with counterparties that consent to a master netting agreement, which permits the net settlement of gross derivative assets against gross derivative liabilities.

Basis Of Presentation and Sig_2

Basis Of Presentation and Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of presentation	The accompanying unaudited condensed consolidated financial statements of TechnipFMC plc and its consolidated subsidiaries (“TechnipFMC” or the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission (“SEC”) pertaining to interim financial information. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP have been condensed or omitted. These unaudited condensed consolidated financial statements should be read together with our audited consolidated financial statements contained in our Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2017 . Our accounting policies are in accordance with GAAP. The preparation of financial statements in conformity with these accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from our estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments as well as adjustments to our financial position pursuant to a business combination, necessary for a fair statement of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these financial statements may not be representative of the results that may be expected for the year ended December 31, 2018 .
Principles of consolidation	Principles of consolidation - The consolidated financial statements include the accounts of TechnipFMC and its majority-owned subsidiaries and affiliates. Intercompany accounts and transactions are eliminated in consolidation.
Use of estimates	Use of estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Such estimates include, but are not limited to, estimates of total contract profit or loss on long-term construction-type contracts; estimated realizable value on excess and obsolete inventory; estimates related to pension accounting; estimates related to fair value for purposes of assessing goodwill, long-lived assets and intangible assets for impairment; estimates of fair value in business combinations and estimates related to income taxes.
Investments in the common stock of unconsolidated affiliates	Investments in the common stock of unconsolidated affiliates - The equity method of accounting is used to account for investments in unconsolidated affiliates where we have the ability to exert significant influence over the affiliates’ operating and financial policies. The cost method of accounting is used where significant influence over the affiliate is not present. For certain construction joint ventures, we use the proportionate consolidation method, whereby our proportionate share of each entity’s assets, liabilities, revenues and expenses are included in the appropriate classifications in the accompanying consolidated financial statements. Intercompany balances and transactions have been eliminated in preparing the accompanying consolidated financial statements. Investments in unconsolidated affiliates are assessed for impairment whenever events or changes in facts and circumstances indicate the carrying value of the investments may not be fully recoverable. When such a condition is subjectively determined to be other than temporary, the carrying value of the investment is written down to fair value. Management’s assessment as to whether any decline in value is other than temporary is based on our ability and intent to hold the investment and whether evidence indicating the carrying value of the investment is recoverable within a reasonable period of time outweighs evidence to the contrary. Management generally considers our investments in equity method investees to be strategic, long-term investments and completes its assessments for impairment with a long-term viewpoint. Investments in which ownership is less than 20% or that do not represent significant investments are reported in other assets on the consolidated balance sheets. Where no active market exists and where no other valuation method can be used, these financial assets are maintained at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. We determine whether investments involve a variable interest entity (“VIE”) based on the characteristics of the subject entity. If the entity is determined to be a VIE, then management determines if we are the primary beneficiary of the entity and whether or not consolidation of the VIE is required. The primary beneficiary consolidating the VIE must normally have both (i) the power to direct the activities that most significantly affect the VIE’s economic performance and (ii) the obligation to absorb significant losses of or the right to receive significant benefits from the VIE. If we are deemed to be the primary beneficiary, the VIE is consolidated and the other party’s equity interest in the VIE is accounted for as a noncontrolling interest. Our unconsolidated VIEs are accounted for using the equity method of accounting.
Business combinations	Business combinations - Business combinations are accounted for using the acquisition method of accounting. Under the acquisition method, assets acquired and liabilities assumed are recorded at their respective fair values as of the acquisition date. Determining the fair value of assets and liabilities involves significant judgment regarding methods and assumptions used to calculate estimated fair values. The purchase price is allocated to the assets, assumed liabilities and identifiable intangible assets based on their estimated fair values. Any excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Transaction-related costs are expensed as incurred.
Revenue recognition	Revenue recognition - The majority of our revenue is derived from long-term contracts that can span several years. We account for revenue in accordance with Accounting Standard Codification (“ASC”) Topic 606, Revenue from Contracts with Customers , which we adopted on January 1, 2018, using the modified retrospective method. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for further discussion of the adoption, including the impact on our 2018 financial statements. Significant Revenue Recognition Criteria Explained Allocation of transaction price to performance obligations - A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue, when, or as, the performance obligation is satisfied. To determine the proper revenue recognition method, we evaluate whether two or more contracts should be combined and accounted for as one single contract and whether the combined or single contract should be accounted for as more than one performance obligation. This evaluation requires significant judgment; some of our contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and, therefore, not distinct. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using our best estimate of the standalone selling price of each distinct good or service in the contract. Variable consideration - Due to the nature of the work required to be performed on many of our performance obligations, the estimation of total revenue and cost at completion is complex, subject to many variables and requires significant judgment. It is common for our long-term contracts to contain variable considerations that can either increase or decrease the transaction price. Variability in the transaction price arises primarily due to liquidated damages. The Company considers its experience with similar transactions and expectations regarding the contract in estimating the amount of variable consideration to which it will be entitled, and determining whether the estimated variable consideration should be constrained. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. Payment terms - Progress billings are generally issued upon completion of certain phases of the work as stipulated in the contract. Payment terms may either be fixed, lump-sum or driven by time and materials (e.g., daily or hourly rates, plus materials). Because typically the customer retains a small portion of the contract price until completion of the contract, our contracts generally result in revenue recognized in excess of billings which we present as contract assets on the balance sheet. Amounts billed and due from our customers are classified as receivables on the balance sheet. The portion of the payments retained by the customer until final contract settlement is not considered a significant financing component because the intent is to protect the customer. For some contracts, we may be entitled to receive an advance payment. We recognize a liability for these advance payments in excess of revenue recognized and present it as contract liabilities on the balance sheet. The advance payment typically is not considered a significant financing component because it is used to meet working capital demands that can be higher in the early stages of a contract and to protect us from the other party failing to adequately complete some or all of its obligations under the contract. Warranty - Certain contracts include an assurance-type warranty clause, typically between 18 to 36 months, to guarantee that the products comply with agreed specifications. A service-type warranty may also be provided to the customer; in such a case, management allocates a portion of the transaction price to the warranty based on the estimated stand-alone selling price of the service-type warranty. Revenue recognized over time - Our performance obligations are satisfied over time as work progresses or at a point in time. Revenue from products and services transferred to customers over time accounted for approximately 83.3% and 83.1% of our revenue for the three and nine months ended September 30, 2018 , respectively. Typically, revenue is recognized over time using an input measure (e.g., costs incurred to date relative to total estimated costs at completion) to measure progress. Cost-to-cost method - For our long-term contracts, because of control transferring over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. Upon adoption of the new standard we generally use the cost-to-cost measure of progress for our contracts because it best depicts the transfer of control to the customer which occurs as we incur costs on our contracts. Under the cost-to-cost measure of progress, the extent of progress towards completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenues, including estimated fees or profits, are recorded proportionally as costs are incurred. Any expected losses on construction-type contracts in progress are charged to earnings, in total, in the period the losses are identified. Right to invoice practical expedient - The right-to-invoice practical expedient can be applied to a performance obligation satisfied over time if we have a right to invoice the customer for an amount that corresponds directly with the value transferred to the customer for our performance completed to date. When this practical expedient is used, we do not estimate variable consideration at the inception of the contract to determine the transaction price or for disclosure purposes. We have contracts which have payment terms dictated by daily or hourly rates where some contracts may have mixed pricing terms which include a fixed fee portion. For contracts in which we charge the customer a fixed rate based on the time or materials spent during the project that correspond to the value transferred to the customer, we recognize revenue in the amount to which we have the right to invoice. Contract modifications - Contracts are often modified to account for changes in contract specifications and requirements. We consider contract modifications to exist when the modification either creates new, or changes the existing, enforceable rights and obligations. Most of our contract modifications are for goods or services that are not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price and our measure of progress for the performance obligation to which it relates is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. Revenue Recognition by Segment The following is a description of principal activities separated by reportable segments from which the Company generates its revenue. See Note 5 to our condensed consolidated financial statements of this Quarterly Report for more detailed information about reportable segments. a. Subsea Our Subsea segment manufactures and designs products and systems, performs engineering, procurement and project management and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. Systems and services may be sold separately or as combined integrated systems and services offered within one contract. Many of the systems and products the Company supplies for subsea applications are highly engineered to meet the unique demands of our customers’ field properties and are typically ordered one to two years prior to installation. We often receive advance payments and progress billings from our customers in order to fund initial development and working capital requirements. Under Subsea engineering, procurement, construction and installation contracts, revenue is principally generated from long-term contracts with customers. We have determined these contracts generally have one performance obligation as the delivered product is highly customized to customer and field specifications. We generally recognize revenue over time for such contracts as the customized products do not have an alternative use for the Company and we have an enforceable right to payment plus a reasonable profit for performance completed to date. Our Subsea segment also performs an array of subsea services including (i) installation services, (ii) asset management services (iii) product optimization, (iv) inspection, maintenance and repair services, and (v) well access and intervention services, where revenue is generally earned through the execution of either installation-type or maintenance-type contracts. For either contract-type, management has determined that the performance of the service generally represents one single performance obligation. We have determined that revenue from these contracts is recognized over time as the customer simultaneously receives and consumes the benefit of the services. b. Onshore/Offshore Our Onshore/Offshore segment designs and builds onshore facilities related to the production, treatment, transformation and transportation of oil and gas; and designs, manufactures and installs fixed and floating platforms for the offshore production and processing of oil and gas reserves. Our onshore business combines the design, engineering, procurement, construction and project management of the entire range of onshore facilities. Our onshore activity covers all types of onshore facilities related to the production, treatment and transportation of oil and gas, as well as transformation with petrochemicals such as ethylene, polymers and fertilizers. Some of the onshore activities include the development of onshore fields, refining, natural gas treatment and liquefaction, and design and construction of hydrogen and synthesis gas production units. Many of these contracts provide a combination of engineering, procurement, construction, project management and installation services, which may last several years. We have determined that contracts of this nature have generally one performance obligation. In these contracts, the final product is highly customized to the specifications of the field and the customer’s requirements. Therefore, the customer obtains control of the asset over time, and thus revenue is recognized over time. Our offshore business combines the design, engineering, procurement, construction and project management within the entire range of fixed and floating offshore oil and gas facilities, many of which were the first of their kind, including the development of floating liquefied natural gas (“FLNG”) facilities. Similar to onshore contracts, contracts grouped under this segment provide a combination of services, which may last several years. We have determined that contracts of this nature have one performance obligation. In these contracts, the final product is highly customized to the specifications of the field and the customer’s requirements. We have determined that the customer obtains control of the asset over time, and thus revenue is recognized over time as the customized products do not have an alternative use for us and we have an enforceable right to payment plus reasonable profit for performance completed to date. c. Surface Technologies Our Surface Technologies segment designs, manufactures and supplies technologically advanced wellhead systems and high pressure valves and pumps used in stimulation activities for oilfield service companies and provides installation, flowback and other services for exploration and production companies. We provide a full range of drilling, completion and production wellhead systems for both standard and custom-engineered applications. Under pressure control product contracts, we design and manufacture flowline products, under the Weco®/Chiksan® trademarks, articulating frac arm manifold trailers, well service pumps, compact valves and reciprocating pumps used in well completion and stimulation activities by major oilfield service companies. Performance obligations within these systems are satisfied either through delivery of a standardized product or equipment or the delivery of a customized product or equipment. For contracts with a standardized product or equipment performance obligation, management has determined that because there is limited customization to products sold within such contracts and the asset delivered can be resold to another customer, revenue should be recognized as of a point in time, upon transfer of control to the customer and after the customer acceptance provisions have been met. For contracts with a customized product or equipment performance obligation, the revenue is recognized over time, as the manufacturing of our product does not create an asset with an alternative use for us. This segment also designs, manufactures and services measurement products globally. Contract-types include standard product or equipment and maintenance-type services where we have determined that each contract under this product line represents one performance obligation. Revenue from standard measurement equipment contracts is recognized at a point in time, while maintenance-type contracts are typically priced at a daily or hourly rate. We have determined that revenue for these contracts is recognized over time because the customer simultaneously receives and consumes the benefit of the services. Disaggregation of Revenue The Company disaggregates revenue by geographic location and contract types. The tables also include a reconciliation of the disaggregated revenue with the reportable segments. The timing of revenue recognition, billings and cash collections results in billed accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts (contract assets), and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) on the consolidated balance sheets. Contract Assets - Contract Assets, previously disclosed as costs and estimated earnings in excess of billings on uncompleted contracts, include unbilled amounts typically resulting from sales under long-term contracts when revenue is recognized over time and revenue recognized exceeds the amount billed to the customer, and right to payment is not just subject to the passage of time. Amounts may not exceed their net realizable value. Costs and estimated earnings in excess of billings on uncompleted contracts are generally classified as current. Contract Liabilities - We sometimes receive advances or deposits from our customers, before revenue is recognized, resulting in contract liabilities. We classify contract liabilities as current or noncurrent based on the timing of when we expect to recognize revenue.
Contract costs to obtain a contract	Contract costs to obtain a contract - Our incremental direct costs of obtaining a contract are deferred and amortized over the period of contract performance or a longer period, generally the estimated life of the customer relationship, if renewals are expected and the renewal commission is not commensurate with the initial commission. We classify deferred commissions as current or noncurrent based on the timing of when we expect to recognize the expense. The current and noncurrent portions of deferred commissions are included in other current assets and other assets , respectively, in our consolidated balance sheets. Amortization of deferred commissions is included in selling, general and administrative expenses.
Cash equivalents	Cash equivalents - Cash equivalents are highly-liquid, short-term instruments with original maturities of generally three months or less from their date of purchase.
Trade receivables, net of allowances	Trade receivables, net of allowances - An allowance for doubtful accounts is provided on receivables equal to the estimated uncollectible amounts. This estimate is based on historical collection experience and a specific review of each customer’s receivables balance.
Inventories	Inventories - Inventories are stated at the lower of cost or net realizable value, except as it relates to inventory measured using the last-in, first-out (“LIFO”) method, for which the inventories are stated at the lower of cost or market. Inventory costs include those costs directly attributable to products, including all manufacturing overhead, but excluding costs to distribute. Cost for a significant portion of the U.S. domiciled inventories is determined on the LIFO method. The first-in, first-out or weighted average methods are used to determine the cost for the remaining inventories. Write-downs on inventories are recorded when the net realizable value of inventories is lower than their net book value.
Property, plant and equipment	Property, plant and equipment - Property, plant and equipment are recorded at cost. Depreciation is principally provided on the straight-line basis over the estimated useful lives of the assets (vessels - 10 to 30 years; buildings - 10 to 50 years; and machinery and equipment - 3 to 20 years). Gains and losses are realized upon the sale or retirement of assets and are recorded in other income (expense), net, on our consolidated statements of income. Maintenance and repair costs are expensed as incurred. Expenditures that extend the useful lives of property, plant and equipment are capitalized and depreciated over the estimated new remaining life of the asset.
Impairment of property, plant and equipment	Impairment of property, plant and equipment - Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying value of the long-lived asset may not be recoverable. The carrying value of an asset group is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the impairment loss is measured as the amount by which the carrying value of the long-lived asset exceeds its fair value. Long-lived assets classified as held for sale are reported at the lower of carrying value or fair value less cost to sell.
Goodwill	Goodwill - Goodwill is not subject to amortization but is tested for impairment on an annual basis (or more frequently if impairment indicators arise) by comparing the estimated fair value of each reporting unit to its carrying value, including goodwill. A reporting unit is defined as an operating segment or one level below the operating segment. We have established October 31 as the date of our annual test for impairment of goodwill. Reporting units with goodwill are tested for impairment using a quantitative impairment test known as the income approach, which estimates fair value by discounting each reporting unit’s estimated future cash flows using a weighted-average cost of capital that reflects current market conditions and the risk profile of the reporting unit. To arrive at our future cash flows, we use estimates of economic and market assumptions, including growth rates in revenues, costs, estimates of future expected changes in operating margins, tax rates and cash expenditures. Future revenues are also adjusted to match changes in our business strategy. If the fair value of the reporting unit is less than its carrying amount as a result of this method, then an impairment loss is recorded. A lower fair value estimate in the future for any of our reporting units could result in goodwill impairments. Factors that could trigger a lower fair value estimate include sustained price declines of the reporting unit’s products and services, cost increases, regulatory or political environment changes, changes in customer demand and other changes in market conditions, which may affect certain market participant assumptions used in the discounted future cash flow model.
Intangible assets	Intangible assets - Our acquired intangible assets are generally amortized on a straight-line basis over their estimated useful lives, which generally range from 2 to 20 years. Our acquired intangible assets do not have indefinite lives. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of the intangible asset may not be recoverable. The carrying amount of an intangible asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the intangible asset exceeds its fair value. Capitalized software costs are recorded at cost. Capitalized software costs include purchases of software and internal and external costs incurred during the application development stage of software projects. These costs are amortized on a straight-line basis over the estimated useful lives. For internal use software, the useful lives range from 3 to 10 years. For Internet website costs, the estimated useful lives do not exceed 3 years.
Debt instruments	Debt instruments - Debt instruments include synthetic bonds, senior and private placement notes and other borrowings. Issuance fees and redemption premiums on debt instruments are included in the cost of debt in the consolidated balance sheets, as an adjustment to the nominal amount of the debt. Loan origination costs for revolving credit facilities are recorded as an asset and amortized over the life of the underlying debt.
Fair value measurements	Fair value measurements - Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The fair value framework requires the categorization of assets and liabilities measured at fair value into three levels based upon the assumptions (inputs) used to price the assets or liabilities, with the exception of certain assets and liabilities measured using the net asset value practical expedient, which are not required to be leveled. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities. • Level 2 : Observable inputs other than quoted prices included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3 : Unobservable inputs reflecting management’s own assumptions about the assumptions market participants would use in pricing the asset or liability.
Income taxes	Income taxes - Current income taxes are provided on income reported for financial statement purposes, adjusted for transactions that do not enter into the computation of income taxes payable in the same year. Deferred tax assets and liabilities are measured using enacted tax rates for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. A valuation allowance is established whenever management believes that it is more likely than not that deferred tax assets may not be realizable. Income taxes are not provided on our equity in undistributed earnings of foreign subsidiaries or affiliates to the extent we have determined that the earnings are indefinitely reinvested. Income taxes are provided on such earnings in the period in which we can no longer support that such earnings are indefinitely reinvested. Tax benefits related to uncertain tax positions are recognized when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. We classify interest expense and penalties recognized on underpayments of income taxes as income tax expense.
Stock-based employee compensation	Share-based employee compensation - The measurement of share-based compensation expense on restricted share awards and performance share awards is based on the market price at the grant date and the number of shares awarded. We used the Cox Ross Rubinstein binomial model to measure the fair value of stock options granted prior to December 31, 2016 and the Black-Scholes options pricing model to measure the fair value of stock options granted on or after January 1, 2017. The share-based compensation expense for each award is recognized ratably over the applicable service period or the period beginning at the start of the service period and ending when an employee becomes eligible for retirement, after taking into account estimated forfeitures.
Ordinary shares held in employee benefit trust	Ordinary shares held in employee benefit trust - Our ordinary shares are purchased by the plan administrator of the FMC Technologies, Inc. Non-Qualified Savings and Investment Plan and placed in a trust that we own. Purchased shares are recorded at cost and classified as a reduction of stockholders’ equity on the consolidated balance sheets.
Earnings per ordinary share (EPS)	Earnings per ordinary share (“EPS”) - Basic EPS is computed using the weighted-average number of ordinary shares outstanding during the year. We use the treasury stock method to compute diluted EPS which gives effect to the potential dilution of earnings that could have occurred if additional shares were issued for awards granted under our incentive compensation and stock plan. The treasury stock method assumes proceeds that would be obtained upon exercise of awards granted under our incentive compensation and stock plan are used to purchase outstanding ordinary shares at the average market price during the period. Convertible bonds that could be converted into or be exchangeable for new or existing shares would additionally result in a dilution of earnings per share. The ordinary shares assumed to be converted as of the issuance date are included to compute diluted EPS under the if-converted method. Additionally, the net profit of the period is adjusted as if converted for the after-tax interest expense related to these dilutive shares.
Foreign currency	Foreign currency - Financial statements of operations for which the U.S. dollar is not the functional currency, and which are located in non-highly inflationary countries, are translated into U.S. dollars prior to consolidation. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date, while income statement accounts are translated at the average exchange rate for each period. For these operations, translation gains and losses are recorded as a component of accumulated other comprehensive income (loss) in stockholders’ equity until the foreign entity is sold or liquidated. For operations in highly inflationary countries and where the local currency is not the functional currency, inventories, property, plant and equipment, and other non-current assets are converted to U.S. dollars at historical exchange rates, and all gains or losses from conversion are included in net income. Foreign currency effects on cash, cash equivalents and debt in hyperinflationary economies are included in interest income or expense. For certain committed and anticipated future cash flows and recognized assets and liabilities which are denominated in a foreign currency, we may choose to manage our risk against changes in the exchange rates, when compared against the functional currency, through the economic netting of exposures instead of derivative instruments. Cash outflows or liabilities in a foreign currency are matched against cash inflows or assets in the same currency, such that movements in exchange rates will result in offsetting gains or losses. Due to the inherent unpredictability of the timing of cash flows, gains and losses in the current period may be economically offset by gains and losses in a future period. All gains and losses are recorded in our consolidated statements of income in the period in which they are incurred. Gains and losses from the remeasurement of assets and liabilities are recognized in other income (expense), net. During the second half of 2018, Argentina’s three year cumulative inflation rate exceeded 100% based on published inflation data, and effective July 1, 2018, Argentina’s currency is considered hyperinflationary. Our local operations in Argentina use U.S. dollars as the functional currency and both monetary and non-monetary assets and liabilities denominated in Argentina pesos were remeasured into U.S. dollars with gains and losses resulting from foreign currency transactions included in current results of operations. This event did not have a material impact on the Company’s condensed consolidated financial statements.
Derivative instruments	Derivative instruments - Derivatives are recognized on the consolidated balance sheets at fair value, with classification as current or non-current based upon the maturity of the derivative instrument. Changes in the fair value of derivative instruments are recorded in current earnings or deferred in accumulated other comprehensive income (loss), depending on the type of hedging transaction and whether a derivative is designated as, and is effective as, a hedge. Each instrument is accounted for individually and assets and liabilities are not offset. Hedge accounting is only applied when the derivative is deemed to be highly effective at offsetting changes in anticipated cash flows of the hedged item or transaction. Changes in fair value of derivatives that are designated as cash flow hedges are deferred in accumulated other comprehensive income (loss) until the underlying transactions are recognized in earnings. At such time, related deferred hedging gains or losses are recorded in earnings on the same line as the hedged item. Effectiveness is assessed at the inception of the hedge and on a quarterly basis. Effectiveness of forward contract cash flow hedges are assessed based solely on changes in fair value attributable to the change in the spot rate. The change in the fair value of the contract related to the change in forward rates is excluded from the assessment of hedge effectiveness. Changes in this excluded component of the derivative instrument, along with any ineffectiveness identified, are recorded in earnings as incurred. We document our risk management strategy and hedge effectiveness at the inception of, and during the term of, each hedge. We also use forward contracts to hedge foreign currency assets and liabilities, for which we do not apply hedge accounting. The changes in fair value of these contracts are recognized in other income (expense), net on our consolidated statements of income, as they occur and offset gains or losses on the remeasurement of the related asset or liability.

Business Combination Transact_2

Business Combination Transactions (Tables)	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Schedule of acquisition-date fair value	The acquisition-date fair value of the consideration transferred consisted of the following: (In millions, except per share data) Total FMC Technologies, Inc. shares subject to exchange as of January 16, 2017 228.9 FMC Technologies Inc. exchange ratio (a) 0.5 Shares of TechnipFMC issued 114.4 Value per share of Technip as of January 16, 2017 (b) $ 71.4 Total purchase consideration $ 8,170.7 (a) As the calculation is deemed to reflect a share capital increase of the accounting acquirer, the FMC Technologies exchange ratio (1 share of TechnipFMC for 1 share of FMC Technologies as provided in the Merger Agreement) is adjusted by dividing the FMC Technologies exchange ratio by the Technip exchange ratio ( 2 shares of TechnipFMC for 1 share of Technip as provided in the Merger Agreement), i.e., 1 / 2 = 0.5 in order to reflect the number of shares of Technip that FMC Technologies stockholders would have received if Technip were to have issued its own shares. (b) Closing price of Technip’s ordinary shares on Euronext Paris on January 16, 2017 in Euro converted at the Euro to U.S. dollar exchange rate of $1.0594 on January 16, 2017.
Schedule of assets acquired and liabilities assumed	The following table summarizes the final allocation of the fair values of the assets acquired and liabilities assumed at the acquisition date: (In millions) Assets Cash $ 1,479.2 Accounts receivable 647.8 Costs and estimated earnings in excess of billings on uncompleted contracts 599.6 Inventory 764.8 Income taxes receivable 139.2 Other current assets 282.2 Property, plant and equipment 1,293.3 Intangible assets 1,390.3 Other long-term assets 167.3 Total identifiable assets acquired 6,763.7 Liabilities Short-term and current portion of long-term debt 319.5 Accounts payable, trade 386.0 Billings in excess of costs and estimated earnings on uncompleted contracts 454.0 Income taxes payable 92.1 Other current liabilities 524.3 Long-term debt, less current portion 1,444.2 Accrued pension and other post-retirement benefits, less current portion 195.5 Deferred income taxes 219.4 Other long-term liabilities 138.7 Total liabilities assumed 3,773.7 Net identifiable assets acquired 2,990.0 Goodwill 5,180.7 Net assets acquired $ 8,170.7
Schedule of segment allocation of goodwill	The final allocation of goodwill to the reporting segments based on the final valuation is as follows: (In millions) Allocated Goodwill Subsea $ 2,527.7 Onshore/Offshore 1,635.5 Surface Technologies 1,017.5 Total $ 5,180.7
Schedule of acquired identifiable intangible assets	The identifiable intangible assets acquired include the following: (In millions, except estimated useful lives) Fair Value Estimated Useful Lives Acquired technology $ 240.0 10 Backlog 175.0 2 Customer relationships 285.0 10 Tradenames 635.0 20 Software 55.3 Various Total identifiable intangible assets acquired $ 1,390.3
Schedule of pro forma impact of the merger	The following unaudited supplemental pro forma results present consolidated information as if the Merger had been completed as of January 1, 2017. The pro forma results do not include any potential synergies, cost savings or other expected benefits of the Merger. Accordingly, the pro forma results should not be considered indicative of the results that would have occurred if the Merger had been consummated as of January 1, 2017, nor are they indicative of future results. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data) 2017 Actual 2017 Pro Forma Revenue $ 4,140.9 $ 11,486.8 Net income attributable to TechnipFMC adjusted for dilutive effects $ 121.0 $ 182.4 Diluted earnings per share 0.26 0.39

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following tables present products and services revenue by geography for each reportable segment for the three and nine months ended September 30, 2018 : Reportable Segments Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 (In millions) Subsea Onshore/Offshore Surface Technologies Subsea Onshore/Offshore Surface Technologies Europe, Russia, Central Asia $ 421.4 $ 831.5 $ 66.0 $ 1,136.3 $ 2,537.9 $ 172.5 America 437.4 89.4 208.3 1,219.3 253.0 653.3 Asia Pacific 118.2 300.6 34.1 368.1 906.5 85.9 Africa 162.5 54.8 16.3 703.9 202.3 43.4 Middle East 38.8 256.2 47.6 89.1 548.6 146.4 Total products and services revenue $ 1,178.3 $ 1,532.5 $ 372.3 $ 3,516.7 $ 4,448.3 $ 1,101.5 The following tables represent revenue by contract type for each reportable segment for the three and nine months ended September 30, 2018 : Reportable Segments Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 (In millions) Subsea Onshore/Offshore Surface Technologies Subsea Onshore/Offshore Surface Technologies Services $ 885.2 $ 1,532.5 $ 70.2 $ 2,525.9 $ 4,448.3 $ 185.0 Products 293.1 — 302.1 990.8 — 916.5 Total products and services revenue 1,178.3 1,532.5 372.3 3,516.7 4,448.3 1,101.5 Lease and other (a) 30.8 — 29.9 90.0 — 73.4 Total revenue $ 1,209.1 $ 1,532.5 $ 402.2 $ 3,606.7 $ 4,448.3 $ 1,174.9 (a) Represents revenue not subject to ASC Topic 606.
Contract balances	The following table provides information about net contract assets (liabilities) as of September 30, 2018 and December 31, 2017 : (In millions) September 30, December 31, $ change % change Contract assets $ 1,286.9 $ 1,755.5 $ (468.6 ) (26.7 ) Contract (liabilities) (3,711.9 ) (3,314.2 ) (397.7 ) (12.0 ) Net contract assets (liabilities) $ (2,425.0 ) $ (1,558.7 ) $ (866.3 ) (55.6 )
Remaining revenue performance obligations	The following table details the RUPO for each business segment as of September 30, 2018 : (In millions) 2018 2019 Thereafter Subsea $ 1,102.7 $ 2,798.2 $ 2,442.5 Onshore/Offshore 1,602.0 4,194.7 2,582.1 Surface Technologies 352.5 103.3 — Total remaining unsatisfied performance obligations $ 3,057.2 $ 7,096.2 $ 5,024.6
Impact on primary financial statements	Consolidated Statements of Income for the three and nine months ended September 30, 2018 : Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 (In millions, except per share data) As reported Effect of ASC Topic 606 Under ASC Topic 605 As reported Effect of ASC Topic 606 Under ASC Topic 605 Revenue Service revenue $ 2,487.9 $ 5.4 $ 2,493.3 $ 7,159.2 $ 19.0 $ 7,178.2 Product revenue 595.2 0.6 595.8 1,907.3 (2.1 ) 1,905.2 Lease and other revenue 60.7 — 60.7 163.4 — 163.4 Total revenue 3,143.8 6.0 3,149.8 9,229.9 16.9 9,246.8 Costs and expenses Cost of service revenue 2,046.6 (2.4 ) 2,044.2 5,846.0 (21.1 ) 5,824.9 Cost of product revenue 481.0 1.3 482.3 1,559.9 0.4 1,560.3 Cost of lease and other revenue 30.9 — 30.9 99.4 — 99.4 Selling, general and administrative expense 250.6 — 250.6 835.1 — 835.1 Research and development expense 38.6 — 38.6 133.3 — 133.3 Impairment, restructuring and other expenses (Note 14) 9.7 — 9.7 32.6 — 32.6 Merger transaction and integration costs (Note 2) 6.3 — 6.3 20.9 — 20.9 Total costs and expenses 2,863.7 (1.1 ) 2,862.6 8,527.2 (20.7 ) 8,506.5 Other income (expense), net 10.4 — 10.4 (12.6 ) — (12.6 ) Income from equity affiliates 16.4 — 16.4 70.6 — 70.6 Income before net interest expense and income taxes 306.9 7.1 314.0 760.7 37.6 798.3 Net interest expense (106.0 ) — (106.0 ) (244.3 ) — (244.3 ) Income before income taxes 200.9 7.1 208.0 516.4 37.6 554.0 Provision for income taxes (Note 16) 66.7 (18.5 ) 48.2 180.7 (5.3 ) 175.4 Net income 134.2 25.6 159.8 335.7 42.9 378.6 Net loss attributable to noncontrolling interests 2.7 0.1 2.8 2.0 (0.4 ) 1.6 Net income attributable to TechnipFMC plc $ 136.9 $ 25.7 $ 162.6 $ 337.7 $ 42.5 $ 380.2 Consolidated Balance Sheets as of September 30, 2018 : September 30, 2018 (In millions, except par value data) As reported Effect of ASC Topic 606 Under ASC Topic 605 Assets Cash and cash equivalents $ 5,553.3 $ — $ 5,553.3 Trade receivables, net 2,079.3 (1,153.2 ) 926.1 Contract assets 1,286.9 519.5 1,806.4 Inventories, net (Note 7) 1,171.0 23.4 1,194.4 Derivative financial instruments (Note 17) 97.0 — 97.0 Income taxes receivable 333.3 — 333.3 Advances paid to suppliers 211.5 — 211.5 Other current assets (Note 8) 830.9 — 830.9 Total current assets 11,563.2 (610.3 ) 10,952.9 Investments in equity affiliates 360.3 — 360.3 Property, plant and equipment, net of accumulated depreciation 3,670.5 — 3,670.5 Goodwill 9,003.4 — 9,003.4 Intangible assets, net of accumulated amortization 1,223.1 — 1,223.1 Deferred income taxes 426.8 (13.9 ) 412.9 Derivative financial instruments (Note 17) 80.0 — 80.0 Other assets 332.7 0.8 333.5 Total assets $ 26,660.0 $ (623.4 ) $ 26,036.6 Liabilities and equity Short-term debt and current portion of long-term debt (Note 11) $ 78.4 $ — $ 78.4 Accounts payable, trade 2,800.9 31.5 2,832.4 Contract liabilities 3,711.9 (757.3 ) 2,954.6 Accrued payroll 375.5 — 375.5 Derivative financial instruments (Note 17) 92.1 — 92.1 Income taxes payable 208.2 4.9 213.1 Other current liabilities (Note 8) 1,435.8 (32.8 ) 1,403.0 Total current liabilities 8,702.8 (753.7 ) 7,949.1 Long-term debt, less current portion (Note 11) 4,017.1 — 4,017.1 Accrued pension and other post-retirement benefits, less current portion 230.1 — 230.1 Derivative financial instruments (Note 17) 81.2 — 81.2 Deferred income taxes 351.8 (4.0 ) 347.8 Other liabilities 413.0 — 413.0 Total liabilities 13,796.0 (757.7 ) 13,038.3 Commitments and contingent liabilities (Note 15) Mezzanine equity Redeemable noncontrolling interest 39.7 — 39.7 Stockholders’ equity (Note 12) Ordinary shares 452.9 — 452.9 Ordinary shares held in employee benefit trust (2.4 ) — (2.4 ) Capital in excess of par value of ordinary shares 10,247.1 — 10,247.1 Retained earnings 3,421.1 134.0 3,555.1 Accumulated other comprehensive loss (1,313.9 ) — (1,313.9 ) Total TechnipFMC plc stockholders’ equity 12,804.8 134.0 12,938.8 Noncontrolling interests 19.5 0.3 19.8 Total equity 12,824.3 134.3 12,958.6 Total liabilities and equity $ 26,660.0 $ (623.4 ) $ 26,036.6

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting, Measurement Disclosures [Abstract]
Segment revenue and segment operating profit	Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Segment revenue Subsea $ 1,209.1 $ 1,478.2 $ 3,606.7 $ 4,585.2 Onshore/Offshore 1,532.5 2,308.1 4,448.3 5,885.0 Surface Technologies 402.2 353.9 1,174.9 902.3 Other revenue — 0.7 — 1.4 Total revenue $ 3,143.8 $ 4,140.9 $ 9,229.9 $ 11,373.9 Segment operating profit (loss) Subsea $ 79.7 $ 102.8 $ 210.0 $ 393.1 Onshore/Offshore 243.4 206.4 617.6 553.7 Surface Technologies 51.9 49.0 134.0 29.4 Total segment operating profit 375.0 358.2 961.6 976.2 Corporate items Corporate expense (a) (68.1 ) (42.3 ) (200.9 ) (224.3 ) Net interest expense (106.0 ) (86.3 ) (244.3 ) (240.5 ) Total corporate items (174.1 ) (128.6 ) (445.2 ) (464.8 ) Income before income taxes (b) $ 200.9 $ 229.6 $ 516.4 $ 511.4 (a) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger-related transaction expenses. (b) Includes amounts attributable to noncontrolling interests.
Segment operating capital employed and segment assets	Segment assets were as follows: (In millions) September 30, December 31, 2017 Segment assets Subsea $ 12,980.7 $ 12,944.4 Onshore/Offshore 3,878.6 4,604.8 Surface Technologies 2,725.7 2,453.3 Intercompany eliminations (11.0 ) (24.3 ) Total segment assets 19,574.0 19,978.2 Corporate (a) 7,086.0 8,285.5 Total assets $ 26,660.0 $ 28,263.7 (a) Corporate includes cash, LIFO adjustments, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Reconciliation of the number of shares used for the basic and diluted earnings per share	A reconciliation of the number of shares used for the basic and diluted earnings per share calculation was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2018 2017 2018 2017 Net income attributable to TechnipFMC plc $ 136.9 $ 121.0 $ 337.7 $ 267.2 Weighted average number of shares outstanding 454.5 467.2 460.0 466.8 Dilutive effect of restricted stock units 1.2 0.7 1.0 0.1 Dilutive effect of stock options 0.1 — 0.1 0.1 Dilutive effect of performance shares 3.2 1.8 2.9 1.3 Total shares and dilutive securities 459.0 469.7 464.0 468.3 Basic earnings per share attributable to TechnipFMC plc $ 0.30 $ 0.26 $ 0.73 $ 0.57 Diluted earnings per share attributable to TechnipFMC plc $ 0.30 $ 0.26 $ 0.73 $ 0.57

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Components Of Inventories	Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 325.3 $ 271.4 Work in process 174.5 130.2 Finished goods 671.2 585.4 Inventories, net $ 1,171.0 $ 987.0

Other Current Assets & Other _2

Other Current Assets & Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2018
Other Current Assets and Other Current Liabilities [Abstract]
Schedule of other current assets	Other current assets consisted of the following: (In millions) September 30, December 31, Value-added tax receivables $ 326.7 $ 532.5 Prepaid expenses 126.5 136.2 Other taxes receivables 94.2 155.8 Held-to-maturity investments 60.0 60.0 Asset held for sale 20.9 50.2 Other 202.6 271.5 Total other current assets $ 830.9 $ 1,206.2
Schedule of other current liabilities	Other current liabilities consisted of the following: (In millions) September 30, December 31, Warranty accruals $ 316.0 $ 321.3 Contingencies related to completed contracts 140.3 214.9 Provisions 258.8 223.0 Social security liability 101.5 145.0 Redeemable financial liability 174.2 69.7 Other taxes payable 123.8 204.4 Compensation accrual 81.2 123.5 Liabilities held for sale 14.9 13.7 Current portion of accrued pension and other post-retirement benefits 11.1 10.3 Other accrued liabilities 214.0 362.1 Total other current liabilities $ 1,435.8 $ 1,687.9

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
	Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Our income (loss) from equity affiliates included in each of our reporting segments was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Subsea $ 15.7 $ 18.7 $ 52.0 $ 40.4 Onshore/Offshore 0.7 (1.4 ) 18.6 (1.0 ) Income (loss) from equity affiliates $ 16.4 $ 17.3 $ 70.6 $ 39.4

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions Receivables and Payables, Net [Table Text Block]	Receivables, payables, revenues and expenses which are included in our consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows: (In millions) September 30, 2018 December 31, 2017 Trade receivables $ 55.8 $ 98.4 Trade payables (18.5 ) (121.8 ) Net trade receivables/(payables) $ 37.3 $ (23.4 ) Note receivables $ 127.8 $ 140.9
Related Party Transactions Receivables [Table Text Block]	Trade receivables consisted of receivables due from following related parties: (In millions) September 30, 2018 December 31, 2017 TP JGC Coral France SNC $ 25.4 $ 42.5 Technip Odebrecht PLSV CV 10.7 13.8 Anadarko Petroleum Company 8.0 22.3 Others 11.7 19.8 Total trade receivables $ 55.8 $ 98.4
Related Party Transactions Payables [Table Text Block]	Trade payables consisted of payables due to following related parties: (In millions) September 30, 2018 December 31, 2017 Dofcon Navegacao $ 11.4 $ 12.3 Chiyoda — 48.3 JGC Corporation — 52.4 Others 7.1 8.8 Total trade payables $ 18.5 $ 121.8
Schedule of Related Party Transactions Revenue and Expenses	Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Revenue $ 72.8 $ 34.2 $ 225.6 $ 102.6 Expenses $ 7.2 $ 34.2 $ 13.3 $ 97.2
Related Party Transactions Revenue and Expenses, Details [Table Text Block]	Revenue consisted of amount from following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Anadarko Petroleum Company $ 33.6 $ 12.0 $ 109.1 $ 49.3 TP JGC Coral France SNC 26.4 — 87.8 — Others 12.8 22.2 28.7 53.3 Total revenue $ 72.8 $ 34.2 $ 225.6 $ 102.6 Expenses consisted of amount to following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Chiyoda $ — $ 14.5 $ — $ 28.1 JGC Corporation — 9.9 — 30.3 Others 7.2 9.8 13.3 38.8 Total expenses $ 7.2 $ 34.2 $ 13.3 $ 97.2

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following: (In millions) September 30, December 31, Revolving credit facility $ — $ — Bilateral credit facilities — — Commercial paper 1,755.8 1,450.4 Synthetic bonds due 2021 502.0 502.4 3.45% Senior Notes due 2022 500.0 500.0 5.00% 2010 Private placement notes due 2020 235.5 239.9 3.40% 2012 Private placement notes due 2022 176.7 179.9 3.15% 2013 Private placement notes due 2023 153.1 155.9 3.15% 2013 Private placement notes due 2023 147.2 149.9 4.00% 2012 Private placement notes due 2027 88.3 89.9 4.00% 2012 Private placement notes due 2032 117.8 119.9 3.75% 2013 Private placement notes due 2033 117.8 119.9 Bank borrowings 279.5 332.5 Other 33.9 28.2 Unamortized issuing fees (12.1 ) (13.8 ) Total long-term debt 4,095.5 3,855.0 Less: current borrowings 78.4 77.1 Long-term debt $ 4,017.1 $ 3,777.9

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	Accumulated other comprehensive loss consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2017 $ (1,014.6 ) $ 27.8 $ (16.9 ) $ (1,003.7 ) $ 0.6 Other comprehensive income (loss) before reclassifications, net of tax (241.8 ) (21.0 ) 0.3 (262.5 ) 0.8 Reclassification adjustment for net losses (gains) included in net income, net of tax (41.1 ) (7.2 ) 0.6 (47.7 ) — Other comprehensive income (loss), net of tax (282.9 ) (28.2 ) 0.9 (310.2 ) 0.8 September 30, 2018 $ (1,297.5 ) $ (0.4 ) $ (16.0 ) $ (1,313.9 ) $ 1.4
Reclassifications out of accumulated other comprehensive loss	Reclassifications out of accumulated other comprehensive loss consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Comprehensive Loss Affected Line Item in the Condensed Consolidated Statements of Income Gains on foreign currency translation $ 41.1 $ — $ 41.1 $ — Other income (expense), net Gains (losses) on hedging instruments Foreign exchange contracts $ (0.8 ) $ (6.3 ) $ 2.8 $ (31.6 ) Revenue 1.1 0.2 6.2 1.7 Cost of sales (0.1 ) 0.5 (0.1 ) 0.7 Selling, general and administrative expense — — — (0.1 ) Research and development expense 4.8 (20.4 ) 0.1 (70.6 ) Other income (expense), net 5.0 (26.0 ) 9.0 (99.9 ) Income before income taxes 1.2 (6.3 ) 1.8 (25.6 ) Provision for income taxes (Note 16) $ 3.8 $ (19.7 ) $ 7.2 $ (74.3 ) Net income Pension and other post-retirement benefits Amortization of actuarial gain (loss) $ — $ (0.7 ) $ — $ (1.9 ) (a) Amortization of prior service credit (cost) (0.3 ) (0.3 ) (0.6 ) (0.6 ) (a) (0.3 ) (1.0 ) (0.6 ) (2.5 ) Income before income taxes — (0.3 ) — (0.7 ) Provision for income taxes (Note 16) $ (0.3 ) $ (0.7 ) $ (0.6 ) $ (1.8 ) Net income (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Impairment, Restructuring and_2

Impairment, Restructuring and Other Expenses (Tables)	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Impairment, restructuring and other expense	Impairment, restructuring and other expenses were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Subsea $ 5.0 $ 22.8 $ 19.1 $ 35.5 Onshore/Offshore (0.2 ) 28.9 (5.8 ) 0.9 Surface Technologies 1.3 7.8 8.0 12.0 Corporate and other 3.6 (0.1 ) 11.3 8.4 Total impairment, restructuring and other expenses $ 9.7 $ 59.4 $ 32.6 $ 56.8

Commitments And Contingent Li_2

Commitments And Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of guarantor obligations	Guarantees consisted of the following: (In millions) September 30, December 31, Financial guarantees (a) $ 830.7 $ 933.3 Performance guarantees (b) 4,101.3 3,670.3 Maximum potential undiscounted payments $ 4,932.0 $ 4,603.6 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	At September 30, 2018 , we held the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Euro 602.3 706.9 British pound 202.3 266.3 Norwegian krone 1,876.2 230.0 Australian dollar 219.0 158.9 Brazilian real 450.9 112.6 Malaysian ringgit 402.0 97.3 Japanese yen 4,034.0 35.8 Singapore dollar 42.8 31.3 Mexican peso (248.0 ) (13.1 ) Argentinian peso (717.4 ) (18.0 ) Canadian dollar (243.5 ) (187.6 ) U.S. dollar (906.1 ) (906.1 ) At September 30, 2018 , our portfolio of these instruments included the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Brazilian real (37.9 ) (9.5 ) Norwegian krone (72.6 ) (8.9 ) U.S. dollar 11.8 11.8
Schedule of fair value of derivative instruments	The following table presents the location and fair value amounts of derivative instruments reported in the consolidated balance sheets: September 30, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 81.0 $ 78.6 $ 65.6 $ 51.0 Long-term - Derivative financial instruments 13.6 14.8 28.0 1.7 Total derivatives designated as hedging instruments 94.6 93.4 93.6 52.7 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 16.0 13.5 12.7 18.0 Long-term - Derivative financial instruments — — 4.7 4.2 Total derivatives not designated as hedging instruments 16.0 13.5 17.4 22.2 Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium 66.4 — 62.2 — Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives — 66.4 — 62.2 Total derivatives $ 177.0 $ 173.3 $ 173.2 $ 137.1
Schedule of location of fair value hedge gain (loss) recognized in income	The following table presents the location of gains (losses) on the consolidated statements of income related to derivative instruments designated as fair value hedges: Gain (Loss) Recognized in Income Location of Fair Value Hedge Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Other income (expense), net $ 33.4 $ 12.2 $ 22.7 $ 61.9
Schedule of location of gains (losses) related to derivative instruments designated as cash flow hedges	The following tables present the location of gains (losses) on the consolidated statements of other comprehensive income and/or the consolidated statements of income related to derivative instruments designated as cash flow hedges: Gain (Loss) Recognized in OCI (Effective Portion) Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts $ 16.5 $ 38.3 $ (24.0 ) $ 98.7
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Cash Flow Hedge Gain (Loss) Reclassified from Accumulated OCI into Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts Revenue $ (0.8 ) $ (6.3 ) $ 2.8 $ (31.6 ) Cost of sales 1.1 0.2 6.2 1.7 Selling, general and administrative expense (0.1 ) 0.5 (0.1 ) 0.7 Research and development expense — — — (0.1 ) Other income (expense), net 4.8 (20.4 ) 0.1 (70.6 ) Total $ 5.0 $ (26.0 ) $ 9.0 $ (99.9 )
Schedule of cash flow hedge gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing	Gain (Loss) Recognized in Income (Ineffective Portion Location of Cash Flow Hedge Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts Revenue $ (5.7 ) $ 3.7 $ (4.9 ) $ 7.9 Cost of sales 6.1 (2.8 ) 4.1 (7.3 ) Other income (expense), net (26.6 ) 10.6 (23.4 ) 24.6 Total $ (26.2 ) $ 11.5 $ (24.2 ) $ 25.2
Schedule of location of gain (loss) recognized in income	The following table presents the location of gains (losses) on the consolidated statements of income related to derivative instruments not designated as hedging instruments: Gain (Loss) Recognized in Income on Derivatives (Instruments Not Designated as Hedging Instruments) Location of Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2018 2017 2018 2017 Foreign exchange contracts Revenue $ — $ 0.7 $ (0.9 ) $ 0.7 Cost of sales 0.2 0.1 0.4 (0.4 ) Other income (expense), net (5.3 ) (5.6 ) (6.9 ) 26.6 Total $ (5.1 ) $ (4.8 ) $ (7.4 ) $ 26.9
Schedule of derivative assets, gross and net	The following tables present both gross information and net information of recognized derivative instruments: September 30, 2018 December 31, 2017 (In millions) Gross Amount Recognized Gross Amounts Not Offset, But Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, But Permitted Under Master Netting Agreements Net Amount Derivative assets $ 177.0 $ (151.9 ) $ 25.1 $ 173.2 $ (114.4 ) $ 58.8 Derivative liabilities $ 173.3 $ (151.9 ) $ 21.4 $ 137.1 $ (114.4 ) $ 22.7
Schedule of derivative liabilities, gross and net	The following tables present both gross information and net information of recognized derivative instruments: September 30, 2018 December 31, 2017 (In millions) Gross Amount Recognized Gross Amounts Not Offset, But Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, But Permitted Under Master Netting Agreements Net Amount Derivative assets $ 177.0 $ (151.9 ) $ 25.1 $ 173.2 $ (114.4 ) $ 58.8 Derivative liabilities $ 173.3 $ (151.9 ) $ 21.4 $ 137.1 $ (114.4 ) $ 22.7

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2018 December 31, 2017 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities (a) $ 46.6 $ 46.6 $ — $ — $ 63.7 $ 63.7 $ — $ — Money market fund 1.5 — 1.5 — 2.4 — 2.4 — Stable value fund (b) 0.5 — — — 0.6 — — — Derivative financial instruments Synthetic bonds - call option premium 66.4 — 66.4 — 62.2 — 62.2 — Foreign exchange contracts 110.6 — 110.6 — 111.0 — 111.0 — Asset held for sale 20.9 — — 20.9 50.2 — — 50.2 Total assets $ 246.5 $ 46.6 $ 178.5 $ 20.9 $ 290.1 $ 63.7 $ 175.6 $ 50.2 Liabilities Redeemable financial liability $ 401.3 $ — $ — $ 401.3 $ 312.0 $ — $ — $ 312.0 Derivative financial instruments Synthetic bonds - embedded derivatives 66.4 — 66.4 — 62.2 — 62.2 — Foreign exchange contracts 106.9 — 106.9 — 74.9 — 74.9 — Liabilities held for sale 14.9 — — 14.9 13.7 — — 13.7 Total liabilities $ 589.5 $ — $ 173.3 $ 416.2 $ 462.8 $ — $ 137.1 $ 325.7 (a) Includes fixed income and other investments measured at fair value. (b) Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy.
Schedule of changes in fair value of level 3 mandatorily redeemable financial liabilities	Change in the fair value of our Level 3 mandatorily redeemable financial liability is recorded as interest expense on the consolidated statements of income and is presented below: Nine Months Ended September 30, (In millions) 2018 2017 Balance at beginning of period $ 312.0 $ 174.8 Less: Gains (losses) recognized in net interest expense (213.5 ) (202.9 ) Less: Settlements 124.2 76.6 Balance at end of period $ 401.3 $ 301.1

Basis Of Presentation and Sig_3

Basis Of Presentation and Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2018
Minimum
Property, Plant and Equipment [Line Items]
Intangible asset, useful life	2 years
Maximum
Property, Plant and Equipment [Line Items]
Intangible asset, useful life	20 years
Software | Minimum
Property, Plant and Equipment [Line Items]
Intangible asset, useful life	3 years
Software | Maximum
Property, Plant and Equipment [Line Items]
Intangible asset, useful life	10 years
Internet website costs | Maximum
Property, Plant and Equipment [Line Items]
Intangible asset, useful life	3 years
Vessels | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Vessels | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	30 years
Building | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Building | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	50 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years

Business Combination Transact_3

Business Combination Transactions (Narrative) (Details) $ in Millions	Apr. 18, 2018USD ($)	Jan. 16, 2017	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Jul. 18, 2018	Jan. 29, 2018
Business Acquisition
Merger transaction and integration costs			$ 6.3	$ 9.2	$ 20.9	$ 87.2
FMC Technologies
Business Acquisition
Percentage of business acquired		100.00%
Goodwill, purchase accounting adjustment					19.7
Technip Offshore Finland Oy
Business Acquisition
Divestitures, Percentage of Voting Interest Sold							100.00%
Gain (Loss) on Disposition of Stock in Subsidiary			$ 27.8
Series of individually immaterial business acquisitions
Business Acquisition
Goodwill, acquired					0.5
Consideration transferred					$ 61
Technip
Business Acquisition
FMC Technologies Inc. exchange ratio		2
FMC Technologies
Business Acquisition
FMC Technologies Inc. exchange ratio		1
Non- controlling Interest | Island Offshore Subsea AS
Business Acquisition
Redeemable noncontrolling interest, acquired percent								51.00%
Cash consideration	$ 42.4
Goodwill, acquired	$ 85

Business Combination Transact_4

Business Combination Transactions (Acquisition Date Fair Value) (Details) $ / shares in Units, shares in Millions, $ in Millions	Jan. 16, 2017USD ($)$ / sharesshares	Sep. 30, 2018shares	Dec. 31, 2017shares
Business Acquisition
Shares subject to exchange (in shares)		452.9	465.1
Euro to U.S. dollar exchange rate	1.0594
Technip
Business Acquisition
FMC Technologies Inc. exchange ratio(a)	2
FMCTI Merger
Business Acquisition
Shares subject to exchange (in shares)	228.9
FMC Technologies Inc. exchange ratio(a)	0.5
Shares of TechnipFMC issued (in shares)	114.4
Value per share of Technip (usd per share) | $ / shares	$ 71.4
Total purchase consideration | $	$ 8,170.7

Business Combination Transact_5

Business Combination Transactions (Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017	Jan. 16, 2017
Liabilities:
Goodwill	$ 9,003.4	$ 8,929.8
FMCTI Merger
Assets:
Cash			$ 1,479.2
Accounts receivable			647.8
Costs and estimated earnings in excess of billings on uncompleted contracts			599.6
Inventory			764.8
Income taxes receivable			139.2
Other current assets			282.2
Property, plant and equipment			1,293.3
Intangible assets			1,390.3
Other long-term assets			167.3
Total identifiable assets acquired			6,763.7
Liabilities:
Short-term and current portion of long-term debt			319.5
Accounts payable, trade			386
Billings in excess of costs and estimated earnings on uncompleted contracts			454
Income taxes payable			92.1
Other current liabilities			524.3
Long-term debt, less current portion			1,444.2
Accrued pension and other post-retirement benefits, less current portion			195.5
Deferred income taxes			219.4
Other long-term liabilities			138.7
Total liabilities assumed			3,773.7
Net identifiable assets acquired			2,990
Goodwill			5,180.7
Net assets acquired			$ 8,170.7

Business Combination Transact_6

Business Combination Transactions (Goodwill Allocation) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017	Jan. 16, 2017
Business Acquisition
Goodwill	$ 9,003.4	$ 8,929.8
FMCTI Merger
Business Acquisition
Goodwill			$ 5,180.7
FMCTI Merger | Subsea
Business Acquisition
Goodwill			2,527.7
FMCTI Merger | Onshore/Offshore
Business Acquisition
Goodwill			1,635.5
FMCTI Merger | Surface Technologies
Business Acquisition
Goodwill			$ 1,017.5

Business Combination Transact_7

Business Combination Transactions (Identifiable Intangible Assets Acquired) (Details) - FMCTI Merger $ in Millions	Jan. 16, 2017USD ($)
Acquired Finite-Lived Intangible Assets
Total identifiable intangible assets acquired	$ 1,390.3
Acquired technology
Acquired Finite-Lived Intangible Assets
Total identifiable intangible assets acquired	$ 240
Estimated Useful Lives	10 years
Backlog
Acquired Finite-Lived Intangible Assets
Total identifiable intangible assets acquired	$ 175
Estimated Useful Lives	2 years
Customer relationships
Acquired Finite-Lived Intangible Assets
Total identifiable intangible assets acquired	$ 285
Estimated Useful Lives	10 years
Tradenames
Acquired Finite-Lived Intangible Assets
Total identifiable intangible assets acquired	$ 635
Estimated Useful Lives	20 years
Software
Acquired Finite-Lived Intangible Assets
Total identifiable intangible assets acquired	$ 55.3

Business Combination Transact_8

Business Combination Transactions (Pro Forma Impact) (Details) - FMCTI Merger - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Business Acquisition
Revenue	$ 4,140.9	$ 11,486.8
Net income attributable to TechnipFMC adjusted for dilutive effects	$ 121	$ 182.4
Diluted earnings per share (usd per share)	$ 0.26	$ 0.39

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Adoption of accounting standards, effect of adoption		$ (91.4)
Transferred over Time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue recognized, percent	83.30%	83.10%
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, warranty, term		18 months
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, warranty, term		36 months
Retained Earnings
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Adoption of accounting standards, effect of adoption		$ (91.5)

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue, Geographical (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Lease and other revenue	$ 60.7	$ 55.1	$ 163.4	$ 144.7
Total revenue	3,143.8	4,140.9	9,229.9	11,373.9
Services
Disaggregation of Revenue [Line Items]
Revenue	2,487.9	3,374.9	7,159.2	9,301
Products
Disaggregation of Revenue [Line Items]
Revenue	595.2	710.9	1,907.3	1,928.2
Subsea
Disaggregation of Revenue [Line Items]
Revenue	1,178.3		3,516.7
Lease and other revenue	30.8		90
Total revenue	1,209.1	1,478.2	3,606.7	4,585.2
Subsea | Services
Disaggregation of Revenue [Line Items]
Revenue	885.2		2,525.9
Subsea | Products
Disaggregation of Revenue [Line Items]
Revenue	293.1		990.8
Subsea | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	421.4		1,136.3
Subsea | America
Disaggregation of Revenue [Line Items]
Revenue	437.4		1,219.3
Subsea | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	118.2		368.1
Subsea | Africa
Disaggregation of Revenue [Line Items]
Revenue	162.5		703.9
Subsea | Middle East
Disaggregation of Revenue [Line Items]
Revenue	38.8		89.1
Onshore/Offshore
Disaggregation of Revenue [Line Items]
Revenue	1,532.5		4,448.3
Total revenue	1,532.5	2,308.1	4,448.3	5,885
Onshore/Offshore | Services
Disaggregation of Revenue [Line Items]
Revenue	1,532.5		4,448.3
Onshore/Offshore | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	831.5		2,537.9
Onshore/Offshore | America
Disaggregation of Revenue [Line Items]
Revenue	89.4		253
Onshore/Offshore | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	300.6		906.5
Onshore/Offshore | Africa
Disaggregation of Revenue [Line Items]
Revenue	54.8		202.3
Onshore/Offshore | Middle East
Disaggregation of Revenue [Line Items]
Revenue	256.2		548.6
Surface Technologies
Disaggregation of Revenue [Line Items]
Revenue	372.3		1,101.5
Lease and other revenue	29.9		73.4
Total revenue	402.2	$ 353.9	1,174.9	$ 902.3
Surface Technologies | Services
Disaggregation of Revenue [Line Items]
Revenue	70.2		185
Surface Technologies | Products
Disaggregation of Revenue [Line Items]
Revenue	302.1		916.5
Surface Technologies | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	66		172.5
Surface Technologies | America
Disaggregation of Revenue [Line Items]
Revenue	208.3		653.3
Surface Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	34.1		85.9
Surface Technologies | Africa
Disaggregation of Revenue [Line Items]
Revenue	16.3		43.4
Surface Technologies | Middle East
Disaggregation of Revenue [Line Items]
Revenue	$ 47.6		$ 146.4

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,286.9	$ 1,286.9	$ 1,755.5
Contract liabilities	3,711.9	3,711.9	3,314.2
Net contract assets (liabilities)	(2,425)	(2,425)	(1,558.7)
Contract assets, increase (decrease)		(468.6)
Contract (liabilities), (increase) decrease		(397.7)
Net contract assets (liabilities), increase (decrease)		$ (866.3)
Contract assets, increase (decrease), percent		(26.70%)
Contract (liabilities), (increase) decrease, percent		(12.00%)
Net contract assets (liabilities), increase (decrease), percent		(55.60%)
Contract assets, increase (decrease) due to acquisitions		$ 5.7
Deferred revenue, revenue recognized	$ 678.1	2,115.8
Performance obligation satisfied in previous periods		$ (66.4)	$ 0.4

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Sep. 30, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 3,057.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	66.90%
Revenue, remaining performance obligation	$ 7,096.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	33.10%
Revenue, remaining performance obligation	$ 15,178
Subsea | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	1,102.7
Subsea | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	2,798.2
Subsea | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	2,442.5
Onshore/Offshore | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	1,602
Onshore/Offshore | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	4,194.7
Onshore/Offshore | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	2,582.1
Surface Technologies | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	352.5
Surface Technologies | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 103.3

Revenue - Impact on Primary Fin

Revenue - Impact on Primary Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Revenue:
Lease and other revenue	$ 60.7	$ 55.1	$ 163.4	$ 144.7
Total revenue	3,143.8	4,140.9	9,229.9	11,373.9
Costs and expenses
Cost of lease and other revenue	30.9	37.5	99.4	100.2
Selling, general and administrative expense	250.6	284.4	835.1	806.5
Research and development expense	38.6	51.1	133.3	143.6
Impairment, restructuring and other expenses (Note 14)	9.7	59.4	32.6	56.8
Merger transaction and integration costs (Note 2)	6.3	9.2	20.9	87.2
Total costs and expenses	2,863.7	3,872.3	8,527.2	10,704.6
Other income (expense), net	10.4	30	(12.6)	43.2
Income from equity affiliates (Note 9)	16.4	17.3	70.6	39.4
Income before net interest expense and income taxes	306.9	315.9	760.7	751.9
Net interest expense	(106)	(86.3)	(244.3)	(240.5)
Income before income taxes	200.9	229.6	516.4	511.4
Provision for income taxes (Note 16)	66.7	111.7	180.7	249.7
Net income	134.2	117.9	335.7	261.7
Net (income) loss attributable to noncontrolling interests	2.7	3.1	2	5.5
Net income attributable to TechnipFMC plc	136.9	121	337.7	267.2
Assets
Cash and cash equivalents	5,553.3	6,896.1	5,553.3	6,896.1	$ 6,737.4	$ 6,269.3
Trade receivables, net	2,079.3		2,079.3		1,484.4
Contract assets	1,286.9		1,286.9		1,755.5
Inventories, net (Note 7)	1,171		1,171		987
Derivative financial instruments (Note 17)	97		97		78.3
Income taxes receivable	333.3		333.3		337
Advances paid to suppliers	211.5		211.5		391.3
Other current assets (Note 8)	830.9		830.9		1,206.2
Total current assets	11,563.2		11,563.2		12,977.1
Investments in equity affiliates	360.3		360.3		272.5
Property, plant and equipment, net of accumulated depreciation	3,670.5		3,670.5		3,871.5
Goodwill	9,003.4		9,003.4		8,929.8
Intangible assets, net of accumulated amortization	1,223.1		1,223.1		1,333.8
Deferred income taxes	426.8		426.8		454.7
Derivative financial instruments (Note 17)	80		80		94.9
Other assets	332.7		332.7		329.4
Total assets	26,660		26,660		28,263.7
Liabilities and equity
Less: current borrowings	78.4		78.4		77.1
Accounts payable, trade	2,800.9		2,800.9		3,958.7
Contract liabilities	3,711.9		3,711.9		3,314.2
Accrued payroll	375.5		375.5		402.2
Derivative financial instruments (Note 17)	92.1		92.1		69
Income taxes payable	208.2		208.2		320.3
Other current liabilities (Note 8)	1,435.8		1,435.8		1,687.9
Total current liabilities	8,702.8		8,702.8		9,829.4
Long-term debt, less current portion (Note 11)	4,017.1		4,017.1		3,777.9
Accrued pension and other post-retirement benefits, less current portion	230.1		230.1		282
Derivative financial instruments (Note 17)	81.2		81.2		68.1
Deferred income taxes	351.8		351.8		419.7
Other liabilities	413		413		477.2
Total liabilities	13,796		13,796		14,854.3
Commitments and contingent liabilities (Note 15)
Redeemable noncontrolling interest	39.7		39.7		0
Stockholders’ equity (Note 12)
Ordinary shares	452.9		452.9		465.1
Ordinary shares held in employee benefit trust	(2.4)		(2.4)		(4.8)
Capital in excess of par value of ordinary shares	10,247.1		10,247.1		10,483.3
Retained earnings	3,421.1		3,421.1		3,448
Accumulated other comprehensive loss	(1,313.9)		(1,313.9)		(1,003.7)
Total TechnipFMC plc stockholders’ equity	12,804.8		12,804.8		13,387.9
Noncontrolling interests	19.5		19.5		21.5
Total equity	12,824.3		12,824.3		13,409.4
Total liabilities and equity	26,660		26,660		$ 28,263.7
Difference between revenue guidance in effect before and after Topic 606 | Accounting Standards Update 2014-09
Revenue:
Total revenue	6		16.9
Costs and expenses
Total costs and expenses	(1.1)		(20.7)
Income before net interest expense and income taxes	7.1		37.6
Income before income taxes	7.1		37.6
Provision for income taxes (Note 16)	(18.5)		(5.3)
Net income	25.6		42.9
Net (income) loss attributable to noncontrolling interests	0.1		(0.4)
Net income attributable to TechnipFMC plc	25.7		42.5
Assets
Trade receivables, net	(1,153.2)		(1,153.2)
Contract assets	519.5		519.5
Inventories, net (Note 7)	23.4		23.4
Total current assets	(610.3)		(610.3)
Deferred income taxes	(13.9)		(13.9)
Other assets	0.8		0.8
Total assets	(623.4)		(623.4)
Liabilities and equity
Accounts payable, trade	31.5		31.5
Contract liabilities	(757.3)		(757.3)
Income taxes payable	4.9		4.9
Other current liabilities (Note 8)	(32.8)		(32.8)
Total current liabilities	(753.7)		(753.7)
Deferred income taxes	(4)		(4)
Total liabilities	(757.7)		(757.7)
Commitments and contingent liabilities (Note 15)
Stockholders’ equity (Note 12)
Retained earnings	134		134
Total TechnipFMC plc stockholders’ equity	134		134
Noncontrolling interests	0.3		0.3
Total equity	134.3		134.3
Total liabilities and equity	(623.4)		(623.4)
Calculated under revenue guidance in effect before Topic 606
Revenue:
Lease and other revenue	60.7		163.4
Total revenue	3,149.8		9,246.8
Costs and expenses
Cost of lease and other revenue	30.9		99.4
Selling, general and administrative expense	250.6		835.1
Research and development expense	38.6		133.3
Impairment, restructuring and other expenses (Note 14)	9.7		32.6
Merger transaction and integration costs (Note 2)	6.3		20.9
Total costs and expenses	2,862.6		8,506.5
Other income (expense), net	10.4		(12.6)
Income from equity affiliates (Note 9)	16.4		70.6
Income before net interest expense and income taxes	314		798.3
Net interest expense	(106)		(244.3)
Income before income taxes	208		554
Provision for income taxes (Note 16)	48.2		175.4
Net income	159.8		378.6
Net (income) loss attributable to noncontrolling interests	2.8		1.6
Net income attributable to TechnipFMC plc	162.6		380.2
Assets
Cash and cash equivalents	5,553.3		5,553.3
Trade receivables, net	926.1		926.1
Contract assets	1,806.4		1,806.4
Inventories, net (Note 7)	1,194.4		1,194.4
Derivative financial instruments (Note 17)	97		97
Income taxes receivable	333.3		333.3
Advances paid to suppliers	211.5		211.5
Other current assets (Note 8)	830.9		830.9
Total current assets	10,952.9		10,952.9
Investments in equity affiliates	360.3		360.3
Property, plant and equipment, net of accumulated depreciation	3,670.5		3,670.5
Goodwill	9,003.4		9,003.4
Intangible assets, net of accumulated amortization	1,223.1		1,223.1
Deferred income taxes	412.9		412.9
Derivative financial instruments (Note 17)	80		80
Other assets	333.5		333.5
Total assets	26,036.6		26,036.6
Liabilities and equity
Less: current borrowings	78.4		78.4
Accounts payable, trade	2,832.4		2,832.4
Contract liabilities	2,954.6		2,954.6
Accrued payroll	375.5		375.5
Derivative financial instruments (Note 17)	92.1		92.1
Income taxes payable	213.1		213.1
Other current liabilities (Note 8)	1,403		1,403
Total current liabilities	7,949.1		7,949.1
Long-term debt, less current portion (Note 11)	4,017.1		4,017.1
Accrued pension and other post-retirement benefits, less current portion	230.1		230.1
Derivative financial instruments (Note 17)	81.2		81.2
Deferred income taxes	347.8		347.8
Other liabilities	413		413
Total liabilities	13,038.3		13,038.3
Commitments and contingent liabilities (Note 15)
Redeemable noncontrolling interest	39.7		39.7
Stockholders’ equity (Note 12)
Ordinary shares	452.9		452.9
Ordinary shares held in employee benefit trust	(2.4)		(2.4)
Capital in excess of par value of ordinary shares	10,247.1		10,247.1
Retained earnings	3,555.1		3,555.1
Accumulated other comprehensive loss	(1,313.9)		(1,313.9)
Total TechnipFMC plc stockholders’ equity	12,938.8		12,938.8
Noncontrolling interests	19.8		19.8
Total equity	12,958.6		12,958.6
Total liabilities and equity	26,036.6		26,036.6
Services
Revenue:
Revenue	2,487.9	3,374.9	7,159.2	9,301
Costs and expenses
Cost of goods and services sold	2,046.6	2,841.3	5,846	7,728.4
Services | Difference between revenue guidance in effect before and after Topic 606 | Accounting Standards Update 2014-09
Revenue:
Revenue	5.4		19
Costs and expenses
Cost of goods and services sold	(2.4)		(21.1)
Services | Calculated under revenue guidance in effect before Topic 606
Revenue:
Revenue	2,493.3		7,178.2
Costs and expenses
Cost of goods and services sold	2,044.2		5,824.9
Products
Revenue:
Revenue	595.2	710.9	1,907.3	1,928.2
Costs and expenses
Cost of goods and services sold	481	$ 589.4	1,559.9	$ 1,781.9
Products | Difference between revenue guidance in effect before and after Topic 606 | Accounting Standards Update 2014-09
Revenue:
Revenue	0.6		(2.1)
Costs and expenses
Cost of goods and services sold	1.3		0.4
Products | Calculated under revenue guidance in effect before Topic 606
Revenue:
Revenue	595.8		1,905.2
Costs and expenses
Cost of goods and services sold	$ 482.3		$ 1,560.3

Business Segments (Schedule Of

Business Segments (Schedule Of Segment Revenue And Segment Operating Profit) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information
Revenue	$ 3,143.8	$ 4,140.9	$ 9,229.9	$ 11,373.9
Total segment operating profit	375	358.2	961.6	976.2
Corporate expense	(68.1)	(42.3)	(200.9)	(224.3)
Net interest expense	(106)	(86.3)	(244.3)	(240.5)
Total corporate items	(174.1)	(128.6)	(445.2)	(464.8)
Income before income taxes	200.9	229.6	516.4	511.4
Subsea
Segment Reporting Information
Revenue	1,209.1	1,478.2	3,606.7	4,585.2
Total segment operating profit	79.7	102.8	210	393.1
Onshore/Offshore
Segment Reporting Information
Revenue	1,532.5	2,308.1	4,448.3	5,885
Total segment operating profit	243.4	206.4	617.6	553.7
Surface Technologies
Segment Reporting Information
Revenue	402.2	353.9	1,174.9	902.3
Total segment operating profit	$ 51.9	49	$ 134	29.4
Other revenue
Segment Reporting Information
Revenue		$ 0.7		$ 1.4

Business Segments (Segment Oper

Business Segments (Segment Operating Capital Employed And Segment Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Segment Reporting Information
Total assets	$ 26,660	$ 28,263.7
Operating segments
Segment Reporting Information
Total assets	19,574	19,978.2
Operating segments | Subsea
Segment Reporting Information
Total assets	12,980.7	12,944.4
Operating segments | Onshore/Offshore
Segment Reporting Information
Total assets	3,878.6	4,604.8
Operating segments | Surface Technologies
Segment Reporting Information
Total assets	2,725.7	2,453.3
Intercompany eliminations
Segment Reporting Information
Total assets	(11)	(24.3)
Corporate
Segment Reporting Information
Total assets	$ 7,086	$ 8,285.5

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation Of Number Of Shares Used For Basic And Diluted Earnings Per Share ("EPS") Calculation ) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share
Net income attributable to TechnipFMC plc	$ 136.9	$ 121	$ 337.7	$ 267.2
Weighted average number of shares outstanding (in shares)	454.5	467.2	460	466.8
Total shares and dilutive securities (in shares)	459	469.7	464	468.3
Basic earnings per share attributable to TechnipFMC plc (usd per share)	$ 0.30	$ 0.26	$ 0.73	$ 0.57
Diluted earnings per share attributable to technipFMC plc (usd per share)	$ 0.30	$ 0.26	$ 0.73	$ 0.57
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	1.2	0.7	1	0.1
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	0.1		0.1	0.1
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	3.2	1.8	2.9	1.3

Inventories (Components Of Inve

Inventories (Components Of Inventories) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 325.3	$ 271.4
Work in process	174.5	130.2
Finished goods	671.2	585.4
Inventories, net	$ 1,171	$ 987

Other Current Assets & Other _3

Other Current Assets & Other Current Liabilities - Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Other Current Assets and Other Current Liabilities [Abstract]
Value-added tax receivables	$ 326.7	$ 532.5
Prepaid expenses	126.5	136.2
Other taxes receivables	94.2	155.8
Held-to-maturity investments	60	60
Asset held for sale	20.9	50.2
Other	202.6	271.5
Total other current assets	$ 830.9	$ 1,206.2

Other Current Assets & Other _4

Other Current Assets & Other Current Liabilities - Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Other Current Assets and Other Current Liabilities [Abstract]
Warranty accruals	$ 316	$ 321.3
Contingencies related to completed contracts	140.3	214.9
Provisions	258.8	223
Social security liability	101.5	145
Redeemable financial liability	174.2	69.7
Other taxes payable	123.8	204.4
Compensation accrual	81.2	123.5
Liabilities held for sale	14.9	13.7
Current portion of accrued pension and other post-retirement benefits	11.1	10.3
Other accrued liabilities	214	362.1
Total other current liabilities	$ 1,435.8	$ 1,687.9

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule of Equity Method Investments
Income (loss) from equity affiliates	$ 16.4	$ 17.3	$ 70.6	$ 39.4
Subsea
Schedule of Equity Method Investments
Income (loss) from equity affiliates	15.7	18.7	52	40.4
Onshore/Offshore
Schedule of Equity Method Investments
Income (loss) from equity affiliates	$ 0.7	$ (1.4)	$ 18.6	$ (1)

Related Party Transactions Sche

Related Party Transactions Schedule of Related Party Transactions (Tables) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Trade receivables	$ 55.8		$ 55.8		$ 98.4
Trade payables	18.5		18.5		121.8
Net trade receivables/(payables)	37.3		37.3		(23.4)
Revenue	72.8	$ 34.2	225.6	$ 102.6
Expenses	7.2	34.2	13.3	97.2
TP JGC Coral France SNC | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	25.4		25.4		42.5
Revenue	26.4		87.8
Technip Odebrecht PLSV CV | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	10.7		10.7		13.8
Anadarko Petroleum Company | Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Trade receivables	8		8		22.3
Revenue	33.6	12	109.1	49.3
Dofcon Navegacao | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables	11.4		11.4		12.3
Chiyoda | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables					48.3
Expenses		14.5		28.1
JGC Corporation | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables					52.4
Expenses		9.9		30.3
Others | Other Affiliates
Related Party Transaction [Line Items]
Trade receivables	11.7		11.7		19.8
Trade payables	7.1		7.1		$ 8.8
Revenue	12.8	22.2	28.7	53.3
Expenses	$ 7.2	$ 9.8	$ 13.3	$ 38.8

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Note receivables	$ 127.8	$ 140.9
Dofcon Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Note receivables	$ 118.4	$ 114.9

Debt (Schedule Of Long-Term Deb

Debt (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument
Unamortized issuing fees	$ (12.1)	$ (13.8)
Total long-term debt	4,095.5	3,855
Less: current borrowings	78.4	77.1
Long-term debt	4,017.1	3,777.9
Line of Credit | Revolving credit facility
Debt Instrument
Long-term debt, gross	0	0
Line of Credit | Bilateral credit facilities
Debt Instrument
Long-term debt, gross	0	0
Commercial paper
Debt Instrument
Long-term debt, gross	1,755.8	1,450.4
Synthetic bonds due 2021
Debt Instrument
Long-term debt, gross	$ 502	$ 502.4
Senior Notes | 3.45% Senior Notes due 2022
Debt Instrument
Interest rate, stated percentage	3.45%	3.45%
Long-term debt, gross	$ 500	$ 500
Private Placement Notes | 5.00% 2010 Private placement notes due 2020
Debt Instrument
Interest rate, stated percentage	5.00%	5.00%
Long-term debt, gross	$ 235.5	$ 239.9
Private Placement Notes | 3.40% 2012 Private placement notes due 2022
Debt Instrument
Interest rate, stated percentage	3.40%	3.40%
Long-term debt, gross	$ 176.7	$ 179.9
Private Placement Notes | 3.15% 2013 Private placement notes due 2023
Debt Instrument
Interest rate, stated percentage	3.15%	3.15%
Long-term debt, gross	$ 153.1	$ 155.9
Private Placement Notes | 3.15% 2013 Private placement notes due 2023
Debt Instrument
Interest rate, stated percentage	3.15%	3.15%
Long-term debt, gross	$ 147.2	$ 149.9
Private Placement Notes | 4.00% 2012 Private placement notes due 2027
Debt Instrument
Interest rate, stated percentage	4.00%	4.00%
Long-term debt, gross	$ 88.3	$ 89.9
Private Placement Notes | 4.00% 2012 Private placement notes due 2032
Debt Instrument
Interest rate, stated percentage	4.00%	4.00%
Long-term debt, gross	$ 117.8	$ 119.9
Private Placement Notes | 3.75% 2013 Private placement notes due 2033
Debt Instrument
Interest rate, stated percentage	3.75%	3.75%
Long-term debt, gross	$ 117.8	$ 119.9
Bank borrowings
Debt Instrument
Long-term debt, gross	279.5	332.5
Other
Debt Instrument
Long-term debt, gross	$ 33.9	$ 28.2

Debt (Revolving Credit Facility

Debt (Revolving Credit Facility) (Details)	Jan. 17, 2017USD ($)	Sep. 30, 2018
Revolving Credit Facility
Line of Credit Facility
Capitalization ratio, maximum		0.6
Revolving Credit Facility | Federal Funds Rate and Overnight Bank Funding Rate spread
Line of Credit Facility
Basis spread on variable rate	0.50%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Line of Credit Facility
Basis spread on variable rate	1.00%
Revolving Credit Facility | Minimum | LIBOR and EURIBOR Loans
Line of Credit Facility
Basis spread on variable rate	0.82%
Revolving Credit Facility | Minimum | Base Rate
Line of Credit Facility
Basis spread on variable rate	0.00%
Revolving Credit Facility | Maximum | LIBOR and EURIBOR Loans
Line of Credit Facility
Basis spread on variable rate	1.30%
Revolving Credit Facility | Maximum | Base Rate
Line of Credit Facility
Basis spread on variable rate	0.30%
Line of Credit | Revolving Credit Facility
Line of Credit Facility
Maximum borrowing capacity	$ 2,500,000,000
Conditional increase in borrowing capacity	500,000,000
Line of Credit | Letter of Credit | JPMorgan Chase Bank
Line of Credit Facility
Maximum borrowing capacity	$ 1,500,000,000

Debt (Bilateral Credit Faciliti

Debt (Bilateral Credit Facilities) (Details) - Line of Credit - Bilateral Credit Facility	Sep. 30, 2018EUR (€)
Line of Credit Facility
Maximum borrowing capacity	€ 320,000,000
Bilateral Credit Facility Expiring in May 2019
Line of Credit Facility
Maximum borrowing capacity	80,000,000
Second Bilateral Credit Facility Expiring in May 2019
Line of Credit Facility
Maximum borrowing capacity	80,000,000
Bilateral Credit Facility Expiring in June 2019
Line of Credit Facility
Maximum borrowing capacity	60,000,000
Bilateral Credit Facility Expiring in May 2021
Line of Credit Facility
Maximum borrowing capacity	€ 100,000,000

Debt (Commercial Paper) (Detail

Debt (Commercial Paper) (Details) - Commercial Paper	Sep. 30, 2018USD ($)	Sep. 30, 2018EUR (€)
U.S. dollar
Debt Instrument
Maximum borrowing capacity | $	$ 1,500,000,000
Long term debt, weighted average interest rate	2.50%	2.50%
Euro
Debt Instrument
Maximum borrowing capacity | €		€ 1,000,000,000
Long term debt, weighted average interest rate	(0.28%)	(0.28%)

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.13	$ 0.39
Payments of dividends (in dollars per share)		$ 179,200,000	$ 0
Distributable Reserves	$ 9,500,000,000	9,500,000,000
Stock repurchase program, authorized amount	$ 500,000,000	$ 500,000,000
Shares repurchased (in shares)		12.3
Shares repurchased, value		$ 384,200,000

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			$ 13,409.4
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	$ 41.1		41.1
Other comprehensive income (loss)	(134)	$ 50.3	(309.4)	$ 112.3
Ending balance	12,824.3		12,824.3
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(1,014.6)
Other comprehensive income (loss) before reclassifications, net of tax			(241.8)
Other comprehensive income (loss)			(282.9)
Ending balance	(1,297.5)		(1,297.5)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			27.8
Other comprehensive income (loss) before reclassifications, net of tax			(21)
Reclassification adjustment for net losses (gains) included in net income, net of tax			(7.2)
Other comprehensive income (loss)			(28.2)
Ending balance	(0.4)		(0.4)
Defined Pension and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(16.9)
Other comprehensive income (loss) before reclassifications, net of tax			0.3
Reclassification adjustment for net losses (gains) included in net income, net of tax			0.6
Other comprehensive income (loss)			0.9
Ending balance	(16)		(16)
Accumulated Other Comprehensive Loss attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(1,003.7)
Other comprehensive income (loss) before reclassifications, net of tax			(262.5)
Reclassification adjustment for net losses (gains) included in net income, net of tax			(47.7)
Other comprehensive income (loss)			(310.2)
Ending balance	(1,313.9)		(1,313.9)
Accumulated Other Comprehensive Loss attributable to Non-controlling interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			0.6
Other comprehensive income (loss) before reclassifications, net of tax			0.8
Other comprehensive income (loss)			0.8
Ending balance	$ 1.4		$ 1.4

Stockholder's Equity (Reclassif

Stockholder's Equity (Reclassification out of Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Reclassification out of Accumulated Other Comprehensive Income
Revenue	$ 3,143.8	$ 4,140.9	$ 9,229.9	$ 11,373.9
Selling, general and administrative expense	(250.6)	(284.4)	(835.1)	(806.5)
Research and development expense	(38.6)	(51.1)	(133.3)	(143.6)
Other income (expense), net	(10.4)	(30)	12.6	(43.2)
Income before income taxes	200.9	229.6	516.4	511.4
Provision for income taxes (Note 16)	66.7	111.7	180.7	249.7
Net income	134.2	117.9	335.7	261.7
Amount Reclassified out of Accumulated Other Comprehensive Loss
Reclassification out of Accumulated Other Comprehensive Income
Amortization of actuarial gain (loss)		(0.7)		(1.9)
Amortization of prior service credit (cost)	(0.3)	(0.3)	(0.6)	(0.6)
Income before income taxes	(0.3)	(1)	(0.6)	(2.5)
Provision for income taxes (Note 16)		(0.3)		(0.7)
Net income	(0.3)	(0.7)	(0.6)	(1.8)
Amount Reclassified out of Accumulated Other Comprehensive Loss | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	(41.1)		(41.1)
Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging | Foreign exchange contracts
Reclassification out of Accumulated Other Comprehensive Income
Provision for income taxes (Note 16)	1.2	(6.3)	1.8	(25.6)
Net income	$ 3.8	$ (19.7)	$ 7.2	$ (74.3)

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jan. 11, 2017
Share-based Compensation Arrangement by Share-based Payment Award
Document Period End Date			Sep. 30, 2018
TechnipFMC plc Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares authorized (in shares)					24,100,000
Stock-based compensation expense for nonvested stock units	$ 15.9	$ 10.2	$ 41.7	$ 34.9

Impairment, Restructuring and_3

Impairment, Restructuring and Other Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Restructuring and Impairment
Impairment, restructuring and other expenses	$ 9.7	$ 59.4	$ 32.6	$ 56.8
Subsea
Restructuring and Impairment
Impairment, restructuring and other expenses	5	22.8	19.1	35.5
Onshore/Offshore
Restructuring and Impairment
Impairment, restructuring and other expenses	(0.2)	28.9	(5.8)	0.9
Surface Technologies
Restructuring and Impairment
Impairment, restructuring and other expenses	1.3	7.8	8	12
Corporate and other
Restructuring and Impairment
Impairment, restructuring and other expenses	$ 3.6	$ (0.1)	$ 11.3	$ 8.4

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2018	Dec. 31, 2017
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted		$ 4,932	$ 4,603.6
Indirect guarantee of indebtedness
Guarantor Obligations
Guarantor obligations, term of obligation		P5Y
Financial guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	[1]	$ 830.7	933.3
Performance guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	[2]	$ 4,101.3	$ 3,670.3
[1]	Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations.
[2]	Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Effective tax rate	33.20%	48.60%	35.00%	48.80%

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring			$ 1.9
Gain on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring	$ 3.2	$ 10.8		$ 26.9
Cash flow hedges of forecasted transactions, net of tax, in accumulated OCI gain (loss)	$ (0.4)		(0.4)		$ 28.5
Cash flow hedge gain (loss) expected to be reclassified within 12 months			$ 11.5

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule Of Notional Amounts Of Outstanding Derivative Positions) (Details) - Sep. 30, 2018 € in Millions, ¥ in Millions, £ in Millions, kr in Millions, RM in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions

USD ($)

MYR (RM)

BRL (R$)

NOK (kr)

ARS ($)

SGD ($)

EUR (€)

CAD ($)

GBP (£)

JPY (¥)

MXN ($)

AUD ($)

Foreign Exchange Forward | Argentinian peso | Notional Amount Sold

Derivative

Derivative, notional amount

$ 18

$ 717.4

Foreign Exchange Forward | Australian dollar | Notional Amount Bought

Derivative

Derivative, notional amount

158.9

$ 219

Foreign Exchange Forward | Brazilian real | Notional Amount Bought

Derivative

Derivative, notional amount

112.6

R$ 450.9

Foreign Exchange Forward | British pound | Notional Amount Bought

Derivative

Derivative, notional amount

266.3

£ 202.3

Foreign Exchange Forward | Canadian dollar | Notional Amount Sold

Derivative

Derivative, notional amount

187.6

$ 243.5

Foreign Exchange Forward | Euro | Notional Amount Bought

Derivative

Derivative, notional amount

706.9

€ 602.3

Foreign Exchange Forward | Malaysian ringgits | Notional Amount Bought

Derivative

Derivative, notional amount

97.3

RM 402

Foreign Exchange Forward | Mexican peso | Notional Amount Sold

Derivative

Derivative, notional amount

13.1

$ 248

Foreign Exchange Forward | Norwegian krone | Notional Amount Bought

Derivative

Derivative, notional amount

230

kr 1,876.2

Foreign Exchange Forward | Singapore dollar | Notional Amount Bought

Derivative

Derivative, notional amount

31.3

$ 42.8

Foreign Exchange Forward | Japanese yen | Notional Amount Bought

Derivative

Derivative, notional amount

35.8

¥ 4,034

Foreign Exchange Forward | U.S. dollar | Notional Amount Sold

Derivative

Derivative, notional amount

906.1

Derivative financial instruments – Embedded Derivatives | Brazilian real | Notional Amount Sold

Derivative

Derivative, notional amount

9.5

R$ 37.9

Derivative financial instruments – Embedded Derivatives | Norwegian krone | Notional Amount Sold

Derivative

Derivative, notional amount

8.9

kr 72.6

Derivative financial instruments – Embedded Derivatives | U.S. dollar | Notional Amount Bought

Derivative

Derivative, notional amount

$ 11.8

Derivative Financial Instrume_5

Derivative Financial Instruments (Fair Value Of Derivative Instruments In Balance Sheets) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value
Derivative assets	$ 177	$ 173.2
Derivative liabilities	173.3	137.1
Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	66.4	62.2
Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative liabilities	66.4	62.2
Derivatives Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	94.6	93.6
Derivative liabilities	93.4	52.7
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	81	65.6
Derivative liabilities	78.6	51
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	13.6	28
Derivative liabilities	14.8	1.7
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	16	17.4
Derivative liabilities	13.5	22.2
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	16	12.7
Derivative liabilities	$ 13.5	18
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets		4.7
Derivative liabilities		$ 4.2

Derivative Financial Instrume_6

Derivative Financial Instruments (Schedule of Fair Value Hedging Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Foreign exchange contracts | Cash Flow Hedging
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in OCI (Effective Portion)	$ 16.5	$ 38.3	$ (24)	$ 98.7
Other income (expense), net | Fair Value Hedging
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income	$ 33.4	$ 12.2	$ 22.7	$ 61.9

Derivative Financial Instrume_7

Derivative Financial Instruments (Derivative Instruments In Cash Flow Hedging Relationships Gain (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss)
Revenue	$ 3,143.8	$ 4,140.9	$ 9,229.9	$ 11,373.9
Selling, general and administrative expense	(250.6)	(284.4)	(835.1)	(806.5)
Research and development expense	(38.6)	(51.1)	(133.3)	(143.6)
Other income (expense), net	10.4	30	(12.6)	43.2
Income before income taxes	200.9	229.6	516.4	511.4
Foreign exchange contracts
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income on Derivatives (Instruments Not Designated as Hedging Instruments)	(5.1)	(4.8)	(7.4)	26.9
Foreign exchange contracts | Revenue
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income on Derivatives (Instruments Not Designated as Hedging Instruments)		0.7	(0.9)	0.7
Foreign exchange contracts | Cost of sales
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income on Derivatives (Instruments Not Designated as Hedging Instruments)	0.2	0.1	0.4	(0.4)
Foreign exchange contracts | Other income (expense), net
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income on Derivatives (Instruments Not Designated as Hedging Instruments)	(5.3)	(5.6)	(6.9)	26.6
Cash Flow Hedging | Foreign exchange contracts
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(26.2)	11.5	(24.2)	25.2
Cash Flow Hedging | Foreign exchange contracts | Revenue
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(5.7)	3.7	(4.9)	7.9
Cash Flow Hedging | Foreign exchange contracts | Cost of sales
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	6.1	(2.8)	4.1	(7.3)
Cash Flow Hedging | Foreign exchange contracts | Other income (expense), net
Derivative Instruments, Gain (Loss)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(26.6)	10.6	(23.4)	24.6
Amount Reclassified out of Accumulated Other Comprehensive Loss
Derivative Instruments, Gain (Loss)
Income before income taxes	(0.3)	(1)	(0.6)	(2.5)
Accumulated net gain (loss) from cash flow hedges | Amount Reclassified out of Accumulated Other Comprehensive Loss | Cash Flow Hedging | Foreign exchange contracts
Derivative Instruments, Gain (Loss)
Revenue	(0.8)	(6.3)	2.8	(31.6)
Cost of sales	1.1	0.2	6.2	1.7
Selling, general and administrative expense	(0.1)	0.5	(0.1)	0.7
Research and development expense				(0.1)
Other income (expense), net	4.8	(20.4)	0.1	(70.6)
Income before income taxes	$ 5	$ (26)	$ 9	$ (99.9)

Derivative Financial Instrume_8

Derivative Financial Instruments (Offsetting Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Derivative assets
Gross Amount Recognized	$ 177	$ 173.2
Gross Amounts Not Offset, But Permitted Under Master Netting Agreements	(151.9)	(114.4)
Net Amount	25.1	58.8
Derivative liabilities
Gross Amount Recognized	173.3	137.1
Gross Amounts Not Offset Permitted Under Master Netting Agreements	(151.9)	(114.4)
Net Amount	$ 21.4	$ 22.7

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Jan. 29, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Mandatorily redeemable financial liability	$ 401.3	$ 401.3	$ 301.1		$ 312	$ 174.8
Unobservable inputs reconciliation, recurring basis, liability, gain (loss) included in earnings	(93.2)	(213.5)	$ (202.9)
Increase in liability due to one percentage point decrease in discount rate	7.2	7.2
Redeemable Noncontrolling Interest	39.7	39.7			0
Debt, carrying value	2,026.2	2,026.2			2,043.8
Debt, fair value	2,229.2	2,229.2			$ 2,308.2
Island Offshore Subsea AS | Non- controlling Interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Redeemable noncontrolling interest, acquired percent				51.00%
Fair Value, Measurements, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Redeemable Noncontrolling Interest	$ 39.7	$ 39.7

Fair Value Measurements (Assets

Fair Value Measurements (Assets And Liabilities Measured On A Recurring Basis) (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	$ 25.1	$ 58.8
Asset held for sale	20.9	50.2
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities	21.4	22.7
Liabilities held for sale	14.9	13.7
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Equity securities	46.6	63.7
Money market fund	1.5	2.4
Stable Value Fund	0.5	0.6
Asset held for sale	20.9	50.2
Assets, Fair Value Disclosure	246.5	290.1
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale	14.9	13.7
Total liabilities	589.5	462.8
Fair Value, Measurements, Recurring | Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	66.4	62.2
Fair Value, Measurements, Recurring | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	110.6	111
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities	106.9	74.9
Fair Value, Measurements, Recurring | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities	66.4	62.2
Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Equity securities	46.6	63.7
Assets, Fair Value Disclosure	46.6	63.7
Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Money market fund	1.5	2.4
Assets, Fair Value Disclosure	178.5	175.6
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	173.3	137.1
Fair Value, Measurements, Recurring | Level 2 | Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	66.4	62.2
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	110.6	111
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities	106.9	74.9
Fair Value, Measurements, Recurring | Level 2 | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities	66.4	62.2
Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Asset held for sale	20.9	50.2
Assets, Fair Value Disclosure	20.9	50.2
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale	14.9	13.7
Total liabilities	416.2	325.7
Redeemable financial liability | Fair Value, Measurements, Recurring
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability	401.3	312
Redeemable financial liability | Fair Value, Measurements, Recurring | Level 1
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability	0	0
Redeemable financial liability | Fair Value, Measurements, Recurring | Level 2
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability	0	0
Redeemable financial liability | Fair Value, Measurements, Recurring | Level 3
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability	$ 401.3	$ 312

Fair Value Measurements (Level

Fair Value Measurements (Level 3 Reconciliation) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Balance at beginning of period		$ 312	$ 174.8
Less: Gains (losses) recognized in net interest expense	$ (93.2)	(213.5)	(202.9)
Less: Settlements		124.2	76.6
Balance at end of period	$ 401.3	$ 401.3	$ 301.1