TechnipFMC (FTI) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 05, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-37983
Entity Registrant Name	TechnipFMC plc
Entity Incorporation, State or Country Code	X0
Entity Tax Identification Number	98-1283037
Entity Address, Address Line One	One St. Paul’s Churchyard
Entity Address, City or Town	London
Entity Address, Country	GB
Entity Address, Postal Zip Code	EC4M 8AP
Country Region	44
City Area Code	203
Local Phone Number	429-3950
Title of 12(b) Security	Ordinary shares, $1.00 par value per share
Trading Symbol	FTI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		446,481,753
Entity Central Index Key	0001681459
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue:
Lease revenue		$ 52.6	$ 53.3	$ 115.2	$ 102.7
Total revenue		3,434.2	2,960.9	6,347.2	6,086.1
Costs and expenses
Cost of lease revenue		23.7	31.2	69.7	68.5
Selling, general and administrative expense		323.8	281.4	621.6	584.5
Research and development expense		29.5	53.6	69.4	94.7
Impairment, restructuring and other expenses (Note 15)		9.2	11.4	25.7	22.9
Merger transaction and integration costs		12.9	9	25	14.6
Total costs and expenses		3,120.6	2,777.6	5,898.8	5,663.5
Other income (expense), net		(72.6)	2.2	(98.8)	(23)
Income from equity affiliates (Note 10)		14.2	40.2	28.1	54.2
Income before net interest expense and income taxes		255.2	225.7	377.7	453.8
Net interest expense		(140.6)	(50.9)	(228.8)	(138.3)
Income (loss) before income taxes	[1]	114.6	174.8	148.9	315.5
Provision for income taxes (Note 17)		0.9	64.7	15.4	114
Net income		113.7	110.1	133.5	201.5
Net income attributable to noncontrolling interests		(16.7)	(4.4)	(15.6)	(0.7)
Net income attributable to TechnipFMC plc		$ 97	$ 105.7	$ 117.9	$ 200.8
Earnings per share attributable to TechnipFMC plc (Note 7)
Basic (usd per share)		$ 0.22	$ 0.23	$ 0.26	$ 0.43
Diluted (usd per share)		$ 0.21	$ 0.23	$ 0.26	$ 0.43
Weighted average shares outstanding (Note 7)
Basic (in shares)		447.5	461.4	447.7	462.8
Diluted (in shares)		451.2	463.3	451.9	464.2
Services
Revenue:
Revenue		$ 2,548.8	$ 2,066	$ 4,599.9	$ 4,340
Costs and expenses
Cost of goods and services sold		1,949.9	1,801.3	3,594.1	3,628.2
Products
Revenue:
Revenue		832.8	841.6	1,632.1	1,643.4
Costs and expenses
Cost of goods and services sold		$ 771.6	$ 589.7	$ 1,493.3	$ 1,250.1
[1]	Includes amounts attributable to noncontrolling interests.

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income		$ 113.7	$ 110.1	$ 133.5	$ 201.5
Foreign currency translation adjustments
Foreign currency translation adjustments(a)	[1]	(22.2)	(142.5)	(1.3)	(140.1)
Net gains (losses) on hedging instruments
Net gain (losses) arising during the period		(10.8)	(43.4)	5.2	(32.2)
Reclassification adjustment for net (gains) losses included in net income		6.7	(3.6)	6.4	(3.4)
Net gains (losses) on hedging instruments(b)	[2]	(4.1)	(47)	11.6	(35.6)
Pension and other post-retirement benefits:
Net gains arising during the period		0.5	0.4	1	0
Reclassification adjustment for amortization of prior service cost included in net income		1.1	0.3	1.4	0.3
Net pension and other postretirement benefits(c)	[3]	1.6	0.7	2.4	0.3
Other comprehensive income (loss), net of tax		(24.7)	(188.8)	12.7	(175.4)
Comprehensive income (loss)		89	(78.7)	146.2	26.1
Comprehensive income attributable to noncontrolling interest		(17.3)	(3.8)	(16.9)	(1.7)
Comprehensive income (loss) attributable to TechnipFMC plc		71.7	(82.5)	129.3	24.4
Foreign currency translation adjustments, tax (expense) benefit		0	(0.5)	0	(0.5)
Net gains (losses) on hedging instruments, tax (expense) benefit		(0.4)	12.1	(0.3)	8.9
Net pensions and other post-retirement benefits, tax (expense) benefit		$ 0.7	$ (0.4)	$ 0.6	$ (0.2)
[1]	Net of income tax (expense) benefit of nil and $(0.5) for the three months ended June 30, 2019 and 2018 , respectively, and nil and $(0.5) for the six months ended June 30, 2019 and 2018 , respectively.
[2]	Net of income tax (expense) benefit of $(0.4) and $12.1 for the three months ended June 30, 2019 and 2018 , respectively. and $(0.3) and $8.9 for the six months ended June 30, 2019 and 2018 , respectively.
[3]	Net of income tax (expense) benefit of $0.7 and $(0.4) for the three months ended June 30, 2019 and 2018 , respectively, and $0.6 and $(0.2) for the six months ended June 30, 2019 and 2018 , respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ (0.5)	$ 0	$ (0.5)
Net gains (losses) on hedging instruments, tax (expense) benefit	(0.4)	12.1	(0.3)	8.9
Net pensions and other post-retirement benefits, tax (expense) benefit	$ 0.7	$ (0.4)	$ 0.6	$ (0.2)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 4,621.3	$ 5,540
Trade receivables, net of allowances of $121.9 in 2019 and $119.6 in 2018	2,240.4	2,469.7
Contract assets	1,612.4	1,295
Inventories, net (Note 8)	1,387	1,251.2
Derivative financial instruments (Note 18)	73.2	95.7
Income taxes receivable	383	284.3
Advances paid to suppliers	177.5	189.7
Other current assets (Note 9)	809	655.6
Total current assets	11,303.8	11,781.2
Investments in equity affiliates	415.3	394.5
Property, plant and equipment, net of accumulated depreciation of $2,098.8 in 2019 and $2,068.5 in 2018	3,345	3,259.8
Operating lease right-of-use assets (Note 4)	967.5	0
Goodwill	7,609.2	7,607.6
Intangible assets, net of accumulated amortization of $715.3 in 2019 and $658.1 in 2018	1,123.7	1,176.7
Deferred income taxes	373.8	232.4
Derivative financial instruments (Note 18)	39.8	18.3
Other assets	334.6	314
Total assets	25,512.7	24,784.5
Liabilities and equity
Short-term debt and current portion of long-term debt (Note 12)	80.7	67.4
Operating lease liabilities (Note 4)	270.8	0
Accounts payable, trade	2,488.7	2,600.3
Contract liabilities	4,354.6	4,085.1
Accrued payroll	346.6	394.7
Derivative financial instruments (Note 18)	126.9	138.4
Income taxes payable	112	81.9
Other current liabilities (Note 9)	1,796.5	1,771.6
Total current liabilities	9,576.8	9,139.4
Long-term debt, less current portion (Note 12)	3,701.1	4,124.3
Operating lease liabilities (Note 4)	774.8	0
Deferred income taxes	222.6	209.2
Accrued pension and other post-retirement benefits, less current portion	283.1	298.9
Derivative financial instruments (Note 18)	75.2	44.9
Other liabilities	460.2	540.4
Total liabilities	15,093.8	14,357.1
Commitments and contingent liabilities (Note 16)
Redeemable noncontrolling interest (Note 19)	38.5	38.5
Stockholders’ equity (Note 13)
Ordinary shares, $1.00 par value; 618.3 shares and 618.3 shares authorized in 2019 and 2018, respectively; 446.5 shares and 450.5 shares issued and outstanding in 2019 and 2018, respectively; 4.0 and 14.8 shares canceled in 2019 and 2018, respectively	446.5	450.5
Ordinary shares held in employee benefit trust, at cost; nil and 0.1 shares in 2019 and 2018, respectively	0	(2.4)
Capital in excess of par value of ordinary shares	10,152.4	10,197
Retained earnings	1,084	1,072.2
Accumulated other comprehensive loss	(1,348.3)	(1,359.7)
Total TechnipFMC plc stockholders’ equity	10,334.6	10,357.6
Noncontrolling interests	45.8	31.3
Total equity	10,380.4	10,388.9
Total liabilities and equity	$ 25,512.7	$ 24,784.5

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Receivables, allowances	$ 121.9	$ 119.6
Property, plant and equipment, accumulated depreciation	2,098.8	2,068.5
Intangible assets, accumulated amortization	$ 715.3	$ 658.1
Ordinary shares, par value (in dollars)	$ 1	$ 1
Ordinary shares, shares authorized (in shares)	618.3	618.3
Ordinary shares, shares issued (in shares)	446.5	450.5
Ordinary shares, shares outstanding (in shares)	446.5	450.5
Canceled shares (in shares)	4	14.8
Ordinary shares, held in employee benefit trust (in shares)	0	0.1

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash provided (required) by operating activities
Net income	$ 133.5	$ 201.5
Adjustments to reconcile net income to cash provided (required) by operating activities
Depreciation	176.2	179.6
Amortization	60.7	90.9
Impairments	1.2	12.5
Employee benefit plan and share-based compensation costs	37.6	15.9
Deferred income tax provision (benefit), net	(127.5)	(36.2)
Unrealized loss on derivative instruments and foreign exchange	27.5	31.5
Income from equity affiliates, net of dividends received	(24.1)	(51.8)
Other	233.3	51
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and contract assets	(82.8)	(173.6)
Inventories, net	(134.9)	(154.2)
Accounts payable, trade	(105)	(912.1)
Contract liabilities	274.2	308.1
Income taxes payable (receivable), net	(68.4)	(77.4)
Other current assets and liabilities, net	(240.6)	208.3
Other noncurrent assets and liabilities, net	34.6	(179.2)
Cash provided (required) by operating activities	195.5	(485.2)
Cash provided (required) by investing activities
Capital expenditures	(270.5)	(134.8)
Payment to acquire debt securities	(59.7)	0
Proceeds from sale of debt securities	18.9	0
Acquisitions, net of cash acquired	0	(103.4)
Cash divested from deconsolidation	0	1.7
Proceeds from sale of assets	1.3	6.2
Other	22.5	(5.4)
Cash required by investing activities	(287.5)	(235.7)
Cash required by financing activities
Net decrease in short-term debt	(17.9)	(22.4)
Net (decrease) increase in commercial paper	(479.5)	83.7
Proceeds from issuance of long-term debt	96.2	2.5
Purchase of ordinary shares	(90.1)	(226.3)
Dividends paid	(116.6)	(120.2)
Settlements of mandatorily redeemable financial liability	(220.6)	(124.2)
Other	0	1
Cash required by financing activities	(828.5)	(405.9)
Effect of changes in foreign exchange rates on cash and cash equivalents	1.8	(55.2)
Decrease in cash and cash equivalents	(918.7)	(1,182)
Cash and cash equivalents, beginning of period	5,540	6,737.4
Cash and cash equivalents, end of period	$ 4,621.3	$ 5,555.4

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 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	$ 13,367.4	$ 465.1	$ (4.8)	$ 10,483.3	$ 3,406	$ (1,003.7)	$ 21.5
Increase (Decrease) in Stockholders' Equity
Adoption of accounting standards	(91.4)				(91.5)		0.1
Net income (loss)	201.5				200.8		0.7
Other comprehensive income (loss)	(175.4)					(176.4)	1
Cancellation of treasury shares	(242)	(7.7)		(173.7)	(60.6)
Issuance of ordinary shares	0.2	0.1		0.1
Net sales of ordinary shares for employee benefit trust	0.9		0.9
Cash dividends declared ($0.13 per share)	(120.2)				(120.2)
Share-based compensation	25.8			25.8
Other	0.9						(0.9)
Ending balance at Jun. 30, 2018	12,965.9	457.5	(3.9)	10,335.5	3,334.5	(1,180.1)	22.4
Beginning balance at Mar. 31, 2018	13,239.8	462.2	(4)	10,429.3	3,327.5	(991.9)	16.7
Increase (Decrease) in Stockholders' Equity
Net income (loss)	110.1				105.7		4.4
Other comprehensive income (loss)	(188.8)					(188.2)	(0.6)
Cancellation of treasury shares	(149.4)	(4.7)		(106)	(38.7)
Issuance of ordinary shares	0.1			0.1
Net sales of ordinary shares for employee benefit trust	0.1		0.1
Cash dividends declared ($0.13 per share)	(60)				(60)
Share-based compensation	12.9			12.9
Other	1.1			(0.8)			1.9
Ending balance at Jun. 30, 2018	12,965.9	457.5	(3.9)	10,335.5	3,334.5	(1,180.1)	22.4
Beginning balance at Dec. 31, 2018	10,388.9	450.5	(2.4)	10,197	1,072.2	(1,359.7)	31.3
Increase (Decrease) in Stockholders' Equity
Adoption of accounting standards	1.8				1.8
Net income (loss)	133.5				117.9		15.6
Other comprehensive income (loss)	12.7					11.4	1.3
Cancellation of treasury shares	(90.1)	(4)		(86.1)
Net sales of ordinary shares for employee benefit trust	2.4		2.4
Cash dividends declared ($0.13 per share)	(116.6)				(116.6)
Share-based compensation	41.5			41.5
Other	(6.3)				8.7		(2.4)
Ending balance at Jun. 30, 2019	10,380.4	446.5	0	10,152.4	1,084	(1,348.3)	45.8
Beginning balance at Mar. 31, 2019	10,373.6	448.3	0	10,169.5	1,047.9	(1,323)	30.9
Increase (Decrease) in Stockholders' Equity
Net income (loss)	113.7				97		16.7
Other comprehensive income (loss)	(24.7)					(25.3)	0.6
Cancellation of treasury shares	(40)	(1.8)		(38.2)
Cash dividends declared ($0.13 per share)	(58.1)				(58.1)
Share-based compensation	21.1			21.1
Other	(5.2)				(2.8)		(2.4)
Ending balance at Jun. 30, 2019	$ 10,380.4	$ 446.5	$ 0	$ 10,152.4	$ 1,084	$ (1,348.3)	$ 45.8

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Cash dividends declared per share	$ 0.13	$ 0.13	$ 0.26	$ 0.26

Basis Of Presentation and Signi

Basis Of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
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, 2018 . 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 ending December 31, 2019 . Reclassifications – Certain prior-year amounts have been reclassified to conform to the current year’s presentation. Revision of Prior Period Financial Statements - In connection with the preparation of the condensed consolidated financial statements for the three and six months ended June 30, 2019 , we identified errors in our previously issued financial statements related to the classification between service revenue, product revenue and the related cost of sales. The correction had no effect on the reported total revenues, consolidated net income (loss) or stockholders’ equity for any periods previously presented. In accordance with Staff Accounting Bulletin (“SAB ”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , we evaluated the errors and, based on an analysis of quantitative and qualitative factors, determined that the related impact was not material to our consolidated financial statements for any prior annual or interim period. Therefore, amendments of previously filed reports are not required. In accordance with Accounting Standards Codification (“ASC”) 250, Accounting Changes and Error Corrections , we corrected the errors for the three and six months ended June 30, 2018 by revising the condensed consolidated financial statements appearing herein. Periods not presented herein will be revised, as applicable, in future filings. The effects of the revision on our condensed consolidated statements of income for the three and six months ended June 30, 2018 are as follows: Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 (In millions, except per share data) As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised Revenue Service revenue $ 2,243.9 $ (177.9 ) $ 2,066.0 $ 4,671.3 $ (331.3 ) $ 4,340.0 Product revenue 663.7 177.9 841.6 1,312.1 331.3 1,643.4 Total revenue 2,960.9 — 2,960.9 6,086.1 — 6,086.1 Costs and expenses Cost of service revenue 1,846.9 (45.6 ) 1,801.3 3,799.4 (171.2 ) 3,628.2 Cost of product revenue 544.1 45.6 589.7 1,078.9 171.2 1,250.1 Total costs and expenses 2,777.6 — 2,777.6 5,663.5 — 5,663.5 Net income attributable to TechnipFMC plc $ 105.7 $ — $ 105.7 $ 200.8 $ — $ 200.8 Earnings per share attributable to TechnipFMC plc (Note 7) Basic $ 0.23 $ — $ 0.23 $ 0.43 $ — $ 0.43 Diluted $ 0.23 $ — $ 0.23 $ 0.43 $ — $ 0.43 Weighted average shares outstanding (Note 7) Basic 461.4 — 461.4 462.8 — 462.8 Diluted 463.3 — 463.3 464.2 — 464.2 Leases – The majority of our leases are operating leases. We account for leases in accordance with ASC Topic 842, Leases, which we adopted on January 1, 2019 using the modified retrospective method. Refer to Note 4 for further discussion of the adoption, including the impact on our 2019 financial statements.

Business Combination Transactio

Business Combination Transactions	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Mergers and Acquisitions	BUSINESS COMBINATION TRANSACTIONS In February 2018, we signed an agreement with the Island Offshore Group to acquire a 51% stake in Island Offshore’s wholly-owned subsidiary, Island Offshore Subsea AS. Island Offshore Subsea AS provides riserless light well intervention (“RLWI”) project management and engineering services for plug and abandonment (“P&A”), riserless coiled tubing, and well completion operations. In connection with the acquisition of the controlling interest, TechnipFMC and Island Offshore entered into a strategic cooperation agreement to deliver RLWI services on a global basis, which also include TechnipFMC’s RLWI capabilities. Island Offshore Subsea AS has been rebranded to TIOS and is now the operating unit for TechnipFMC’s RLWI activities worldwide. The acquisition was completed 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 and we increased goodwill by $85.0 million . Additional acquisitions during the six months ended June 30, 2018 totaled $61.0 million in consideration paid. There were no acquisitions during the six months ended June 30, 2019 .

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards under GAAP Effective January 1, 2019, we adopted (1) Accounting Standards Update (“ASU”) No. “2016-02, Leases (Topic 842).” , (2) ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842.” (3) ASU 2018-10, “Codification Improvements to Topic 842, Lease.” , (4) ASU 2018-20, “Narrow-scope Improvements for Lessors.” , (5) ASU 2018-11, “Leases (Topic 842): Targeted Improvements.” , (6) ASU No. 2019-01, “Leases (Topic 842) —Codification Improvements.” . These updates require lessees to recognize a right-of-use (“ROU”) asset and a lease liability for virtually all of their leases. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for more information. Effective January 1, 2019, we adopted 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. 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. The adoption of this update did not have an impact on our consolidated financial statements. Effective January 1, 2019, we adopted 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 adoption of this update did not have an impact on our consolidated financial statements. Effective January 1, 2019, we adopted 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 adoption of this update did not have a material impact on our consolidated financial statements. Recently Issued Accounting Standards under GAAP In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” 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 (1) loans, accounts receivable, trade receivables and other financial assets measured at amortized cost, (2) 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. In May 2019, the FASB issued a new update ASU No.2019-05, that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value, allowing an option for preparers to irrevocably elect the fair value option for eligible financial assets measured at amortized cost basis on an instrument-by-instrument basis. 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 November 2018, the FASB also issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses. ” The update amends the transition requirements and scope of the credit losses standard issued in 2016. This update clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the leases standard. 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 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 post-retirement plans. The amendments in this ASU are effective for us January 1, 2021. Early adoption is permitted. The amendments in this update are 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 are required to be adopted either retrospectively or prospectively. We are currently evaluating the impact of this ASU on our consolidated financial statements. In November 2018, the FASB issued ASU No. 2018-18, “Collaborative Arrangements (Topic 808) -Clarifying the Interaction between Topic 808 and Topic 606.” This update clarifies the interaction between the guidance for certain collaborative arrangements and the Revenue Recognition financial accounting and reporting standard. The amendments in this ASU are effective for us January 1, 2020. Early adoption is permitted. The amendments in this update are required to be adopted retrospectively to the date of initial application of Topic 606. An entity should recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings of the later of the earliest annual period presented and the annual period that includes the date of the entity’s initial application of Topic 606. We are currently evaluating the impact of this ASU on our consolidated financial statements. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments .” The update clarifies and improves areas of guidance related to the recently issued standards including (1) ASU No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities.” , (2) ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” , and (3) ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” Early adoption is permitted. The amendments in this update to ASU No. 2016-01 and No. 2016-13 are required to be adopted on a modified retrospective basis. The amendments in this update to ASU No. 2017-12 are required to be adopted either retrospectively or prospectively. This new update will be effective on January 1, 2020. We are currently evaluating the impact of this ASU on our consolidated financial statements.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	LEASES In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Lessees are required to recognize a right-of-use (“ROU”) asset and a lease liability for all outstanding leases excluding short-term leases. The liability is equal to the present value of the remaining lease payments. The ROU asset is based on the liability, subject to certain adjustments (e.g., initial direct costs, payments made by the lessee prior to lease commencement and any lessor incentives). For income statement purposes, lessees are required to classify leases as either operating or finance leases. Operating leases result in straight-line expense while finance leases result in a front-loaded expense pattern. Lessor accounting is largely unchanged but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. Topic 842 was subsequently amended to provide practical expedient for transition and targeted improvements to the new lease standard. The FASB issued in March 2019, ASU 2019-01, “Leases (Topic 842): Codification Improvements” to clarify certain transition disclosure requirements. The Company adopted the new lease standard as of January 1, 2019, using a modified retrospective transition method and applying the new standard to all leases through a cumulative-effect adjustment to beginning retained earnings in the period of adoption. In our first annual period after adoption, the year ending December 31, 2019, the comparative periods will not be restated and will be presented under legacy lease accounting guidance in effect for those periods, Topic 840. The new standard provides a number of practical expedients specific to transition. We have elected the “package of practical expedients”, which permits us not to reassess (1) whether any expired or existing arrangements are or contain leases, (2) the lease classification for any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. The new standard also provides practical expedients for an entity’s ongoing accounting, including a practical expedient which allows lessees and lessors to elect to not separate lease and non-lease components. We have elected the practical expedient available for lessees to not separate lease and non-lease components for all asset classes other than vessels, which typically include significant non-lease components. We have elected the practical expedient available for lessors to not separate lease and non-lease components for vessels. The Company also elected not to recognize right of use assets and lease liabilities on the balance sheet for short-term leases, which have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. Lease cost of short-term leases are recognized on a straight-line basis over the lease term and disclosed within our financial statements. We believe short-term lease commitments are not materially different than the short-term lease cost for the period. Adoption of the new lease accounting guidance had a material impact on our consolidated balance sheets but did not have a material impact on our consolidated income statements. We recognized on January 1, 2019, (1) a lease liability of approximately $1,189.6 million which represents the present value of the remaining lease payments, discounted using the Company’s applicable weighted average incremental borrowing rates, and (2) an ROU asset of approximately $1,115.5 million which represents the lease liability of $1,189.6 million adjusted for accrued and prepaid rent, lease incentives, and other balances. The impact was recorded as an adjustment to increase retained earnings by approximately $1.8 million . In connection with the adoption of the new lease standard, we corrected our balance sheet as of January 1, 2016 to include an additional $42.0 million of liabilities of which $5.0 million and $37.0 million was other current liabilities and other liabilities, respectively, with a corresponding decrease in retained earnings to reflect additional rent expense which was not historically recorded prior to fiscal 2016. Accordingly, the revised other current liabilities, other liabilities retained earnings balances as of January 1, 2016 were $1,044.4 million , $131.3 million , and $3,231.4 million , respectively. These historical errors are not material to any prior interim or annual financial statements. Lessee Arrangements We lease real estate, including land, buildings and warehouses, machinery/equipment, vessels, vehicles, and various types of manufacturing and data processing equipment, from a lessee perspective. Leases of real estate generally provide for payment of property taxes, insurance, and repairs by us. Substantially all our leases are classified as operating leases. We determine if an arrangement is a lease at inception by assessing whether an identified asset exists and if we have the right to control the use of the identified asset. Operating leases are included in Operating lease right-of-use assets, Operating lease liabilities (current), and Operating lease liabilities (non-current) on our consolidated balance sheets. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of the remaining lease payments over the lease term. With the exception of rare cases in which the implicit rate is readily determinable, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Operating lease right-of-use assets also includes any lease prepayments made and excludes lease incentives we received from the lessor. Lease cost for lease payments is recognized on a straight-line basis over the lease term. Several of our leases provide for certain guarantees of residual value. We estimate and include in the determination of lease payments any amount probable of being owed under these residual value guarantees. At the date of adoption and June 30, 2019, we determined that there were no residual value guarantees which were probable of being owed. Our leases do not contain any material restrictive covenants. Lease terms within our lessee arrangements may include options to extend/renew or terminate the lease and/or purchase the underlying asset when it is reasonably certain that we will exercise that option. The Company applies a portfolio approach by asset class to determine lease term renewals. The leases within these portfolios are categorized by asset class and have initial lease terms that vary depending on the asset class. The renewal terms range from 60 days to 5 years for asset classes such as temporary residential housing, forklifts, vehicles, vessels, office and IT equipment, and tool rentals, and up to 15 years or more for commercial real estate. Short-term leases with an initial term of 12 months or less that do not include a purchase option are not recorded on the balance sheet. Lease costs for short-term leases are recognized on a straight-line basis over the lease term and amounts related to short-term leases are disclosed within our financial statements. The Company has variable lease payments, including adjustments to lease payments based on an index or rate (such as the Consumer Price Index), fair value adjustments to lease payments, and common area maintenance, real estate taxes, and insurance payments in triple-net real estate leases. Variable lease payments that depend on an index or a rate (such as the Consumer Price Index or a market interest rate) are included when measuring consideration within our lease arrangements using the payments’ base rate or index. Variable payments that do not depend on an index or rate are recognized in profit or loss and are disclosed as ‘variable lease cost’ in the period they are incurred. We adopted the practical expedient to not separate lease and non-lease components for all asset classes except for vessels, which have significant non-lease components. The Company currently subleases certain of its leased real estate and vessels to third parties. It is expected that most subleases will be classified as operating leases by the sublessor under GAAP. The following table is a summary of the Company’s components of net lease cost for the three and six months ended June 30, 2019 : Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2019 Operating lease cost including variable costs $ 92.0 $ 183.4 Short-term lease costs 9.4 14.9 Less: sublease income 1.7 4.0 Net lease cost $ 99.7 $ 194.3 Supplemental cash flow information related to leases for the six months ended June 30, 2019 is as follows: Six Months Ended (In millions) June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 181.7 Right-of-use assets obtained in exchange for lease liabilities Operating leases $ 23.8 Supplemental balance sheet information related to leases as of June 30, 2019 is as follows: (In millions, except lease term and discount rate) June 30, 2019 Weighted average remaining lease term Operating leases 7.1 years Weighted average discount rate Operating leases 4.3 % The following table is a summary of the maturity of lease liabilities under operating leases as of June 30, 2019 : (in millions) Operating Leases 2019 $ 333.7 2020 249.5 2021 138.3 2022 104.7 2023 82.1 Thereafter 369.5 Total lease payments 1,277.8 Less: Imputed interest (a) 232.2 Total lease liabilities (b) $ 1,045.6 Note: For leases commencing prior to 2019, minimum lease payments exclude payments to landlords for real estate taxes and common area maintenance. (a) Calculated using the interest rate for each lease. (b) Includes the current portion of $270.8 million for operating leases. At December 31, 2018 , future minimum rental payments under noncancellable operating leases under ASC Topic 840 were: (In millions) 2019 $ 329.8 2020 286.1 2021 192.3 2022 123.8 2023 102.1 Thereafter 485.6 Total lease payment 1,519.7 Less income from sub-leases 25.6 Net minimum operating lease payments $ 1,494.1 As of June 30, 2019 , we have an additional operating lease for our future office building in Paris, France, that has not yet commenced for $236.2 million . This operating lease will commence in fiscal year 2021 with a lease term of 10 years. Lessor Arrangements We lease real estate including land, buildings and warehouses, machinery/equipment, and vessels from a lessor perspective. We determine if an arrangement is a lease at inception by assessing whether an identified asset exists and if the customer has the right to control the use of the identified asset. We use our implicit rate for our lessor arrangements. We have elected the practical expedient available for lessors to not separate lease and non-lease components for vessels. If the non-lease component is predominant in our contracts, we account for the contracts under the revenue recognition guidance in ASC 606. If the lease component is predominant in our contracts, we account for the contracts under the lease guidance in ASC 842 . We estimate the amount we expect to derive from the underlying asset following the end of the lease term based on remaining economic life. Our lessor arrangements generally do not include any residual value guarantees. We recognize lessee payments of lessor costs such as taxes and insurance on a net basis when the lessee pays those costs directly to a third party or when the amount paid by the lessee is not readily determinable. The following table is a summary of the Company’s components of lease revenue for the three and six months ended June 30, 2019 : Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2019 Operating lease revenue including variable revenue $ 52.6 $ 115.2 The following table is a summary of the maturity analysis of the undiscounted cash flows to be received on an annual basis for each of the first five years, and a total of the amounts for the remaining years. (in millions) Operating Leases 2019 $ 26.0 2020 14.2 2021 18.3 2022 20.6 2023 1.0 Thereafter — Total undiscounted cash flows $ 80.1

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
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. 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 six months ended June 30, 2019 and 2018 : Reportable Segments Three Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea Onshore/ Surface Technologies Europe, Russia, Central Asia $ 459.6 $ 651.2 $ 60.0 $ 409.4 $ 705.5 $ 58.3 America 341.8 196.9 199.9 331.3 90.9 237.5 Asia Pacific 177.7 275.5 44.1 137.9 310.6 29.7 Africa 373.8 111.1 14.9 261.6 76.9 11.4 Middle East 135.6 270.3 69.2 43.8 158.5 44.3 Total products and services revenue $ 1,488.5 $ 1,505.0 $ 388.1 $ 1,184.0 $ 1,342.4 $ 381.2 Reportable Segments Six Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea Onshore/ Surface Technologies Europe, Russia, Central Asia $ 859.2 $ 1,292.8 $ 115.8 $ 714.9 $ 1,706.4 $ 106.5 America 718.9 357.3 393.1 781.9 163.6 445.0 Asia Pacific 277.4 577.4 89.1 249.9 605.9 51.8 Africa 519.6 171.5 26.2 541.4 147.5 27.1 Middle East 270.8 441.1 121.8 50.3 292.4 98.8 Total products and services revenue $ 2,645.9 $ 2,840.1 $ 746.0 $ 2,338.4 $ 2,915.8 $ 729.2 The following tables represent revenue by contract type for each reportable segment for the three and six months ended June 30, 2019 and 2018 : Reportable Segments Three Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea (b) Onshore/ Surface Technologies Services $ 970.2 $ 1,505.0 $ 73.6 $ 656.5 $ 1,342.4 $ 67.1 Products 518.3 — 314.5 527.5 — 314.1 Total products and services revenue 1,488.5 1,505.0 388.1 1,184.0 1,342.4 381.2 Lease (a) 20.2 — 32.4 33.4 — 19.9 Total revenue $ 1,508.7 $ 1,505.0 $ 420.5 $ 1,217.4 $ 1,342.4 $ 401.1 Reportable Segments Six Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea (b) Onshore/ Surface Technologies Services $ 1,615.8 $ 2,840.1 $ 144.0 $ 1,309.4 $ 2,915.8 $ 114.8 Products 1,030.1 — 602.0 1,029.0 — 614.4 Total products and services revenue 2,645.9 2,840.1 746.0 2,338.4 2,915.8 729.2 Lease (a) 48.1 — 67.1 59.2 — 43.5 Total revenue $ 2,694.0 $ 2,840.1 $ 813.1 $ 2,397.6 $ 2,915.8 $ 772.7 (a) Represents revenue not subject to ASC Topic 606. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to lease revenue. (b) We revised the condensed consolidated statement of operations to correct the classification of service revenue and product revenue in the amount of $177.9 million and $331.3 million for three and six months ended June 30, 2018 , respectively. See Note 1 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to the revision. 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. The following table provides information about net contract assets (liabilities) as of June 30, 2019 and December 31, 2018 : (In millions) June 30, December 31, $ change % change Contract assets $ 1,612.4 $ 1,295.0 $ 317.4 24.5 Contract (liabilities) (4,354.6 ) (4,085.1 ) (269.5 ) (6.6 ) Net contract assets (liabilities) $ (2,742.2 ) $ (2,790.1 ) $ 47.9 1.7 The increase in our contract assets from December 31, 2018 to June 30, 2019 was primarily due to the timing of milestones. The increase in our contract liabilities was primarily due to additional cash received, excluding amounts recognized as revenue during the period. In order to determine revenue recognized in the period from contract liabilities, we 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 months ended June 30, 2019 and 2018 that were included in the contract liabilities balance at December 31, 2018 and 2017 was $1,147.1 million and $601.4 million , respectively, and $2,014.3 million and $1,437.7 million for the six months ended June 30, 2019 and 2018 , respectively. In addition, revenue recognized for the three months ended June 30, 2019 and 2018 from our performance obligations satisfied in previous periods had a favorable impact of $325.7 million and a favorable impact of $136.4 million , respectively, and $493.4 million and $306.8 million for the six months ended June 30, 2019 and 2018 , respectively. This primarily relates to changes in the estimated costs to complete certain projects. 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 order backlog includes the base transaction price, variable consideration, and changes in transaction price. The order backlog 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 order backlog related to unfilled, confirmed customer orders is estimated at each reporting date. As of June 30, 2019 , the aggregate amount of the transaction price allocated to order backlog was $25,781.9 million . The Company expects to recognize revenue on approximately 23.8% of the order backlog through 2019 and 76.2% thereafter. The following table details the order backlog for each business segment as of June 30, 2019 : (In millions) 2019 2020 Thereafter Subsea $ 2,480.5 $ 3,465.5 $ 2,801.0 Onshore/Offshore 3,252.7 4,758.7 8,596.9 Surface Technologies 393.6 33.0 — Total remaining unsatisfied performance obligations $ 6,126.8 $ 8,257.2 $ 11,397.9

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2019
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. We report the results of operations in the following segments: • 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 Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Segment revenue Subsea $ 1,508.7 $ 1,217.4 $ 2,694.0 $ 2,397.6 Onshore/Offshore 1,505.0 1,342.4 2,840.1 2,915.8 Surface Technologies 420.5 401.1 813.1 772.7 Total revenue $ 3,434.2 $ 2,960.9 $ 6,347.2 $ 6,086.1 Segment operating profit Subsea $ 94.6 $ 75.9 $ 144.5 $ 130.3 Onshore/Offshore 274.0 171.3 429.7 374.2 Surface Technologies 25.5 51.5 36.0 82.1 Total segment operating profit 394.1 298.7 610.2 586.6 Corporate items Corporate expense (a) (138.9 ) (73.0 ) (232.5 ) (132.8 ) Net interest expense (140.6 ) (50.9 ) (228.8 ) (138.3 ) Total corporate items (279.5 ) (123.9 ) (461.3 ) (271.1 ) Income before income taxes (b) $ 114.6 $ 174.8 $ 148.9 $ 315.5 (a) Corporate expense primarily includes corporate staff expenses, legal reserve, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger transaction and integration expenses. (b) Includes amounts attributable to noncontrolling interests. Segment assets were as follows: (In millions) June 30, December 31, 2018 Segment assets Subsea $ 12,237.1 $ 11,037.8 Onshore/Offshore 4,311.8 4,355.2 Surface Technologies 2,988.2 2,825.6 Intercompany eliminations (29.7 ) (26.4 ) Total segment assets 19,507.4 18,192.2 Corporate (a) 6,005.3 6,592.3 Total assets $ 25,512.7 $ 24,784.5 (a) Corporate includes cash, deferred income tax balances, legal provisions, property, plant and equipment not associated with a specific segment, pension assets, the fair value of derivative financial instruments, and LIFO adjustments.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
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 Six Months Ended June 30, June 30, (In millions, except per share data) 2019 2018 2019 2018 Net income attributable to TechnipFMC plc $ 97.0 $ 105.7 $ 117.9 $ 200.8 Weighted average number of shares outstanding 447.5 461.4 447.7 462.8 Dilutive effect of restricted stock units 1.6 0.2 1.8 — Dilutive effect of stock options — 0.4 — 0.1 Dilutive effect of performance shares 2.1 1.3 2.4 1.3 Total shares and dilutive securities 451.2 463.3 451.9 464.2 Basic earnings per share attributable to TechnipFMC plc $ 0.22 $ 0.23 $ 0.26 $ 0.43 Diluted earnings per share attributable to TechnipFMC plc $ 0.21 $ 0.23 $ 0.26 $ 0.43

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) June 30, December 31, Raw materials $ 359.3 $ 366.4 Work in process 227.3 146.4 Finished goods 800.4 738.4 Inventories, net $ 1,387.0 $ 1,251.2

Other Current Assets & Other Cu

Other Current Assets & Other Current Liabilities	6 Months Ended
	Jun. 30, 2019
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) June 30, December 31, Value-added tax receivables $ 420.0 $ 305.8 Prepaid expenses 109.7 91.3 Other taxes receivables 86.7 85.0 Sundry receivables 85.2 87.0 Asset held for sale 19.1 9.6 Other 88.3 76.9 Total other current assets $ 809.0 $ 655.6 Other current liabilities consisted of the following: (In millions) June 30, December 31, Legal provisions $ 426.5 $ 418.2 Warranty accruals and project contingencies 363.3 418.2 Redeemable financial liability 251.7 173.0 Value added tax and other taxes payable 232.4 214.3 Social security liability 108.2 112.3 Provisions 88.2 135.5 Compensation accrual 63.5 87.3 Liabilities held for sale 21.7 16.2 Current portion of accrued pension and other post-retirement benefits 14.3 14.0 Other accrued liabilities 226.7 182.6 Total other current liabilities $ 1,796.5 $ 1,771.6

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	EQUITY METHOD INVESTMENTS Our income from equity affiliates included in each of our reporting segments was as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Subsea $ 11.3 $ 19.7 $ 26.2 $ 36.3 Onshore/Offshore 2.9 20.5 1.9 17.9 Income from equity affiliates $ 14.2 $ 40.2 $ 28.1 $ 54.2

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
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: Trade receivables consisted of receivables due from following related parties: (In millions) June 30, 2019 December 31, 2018 TP JGC Coral France SNC $ 79.1 $ 31.6 TTSJV W.L.L. 30.6 — Technip Odebrecht PLSV CV 11.2 10.9 Anadarko Petroleum Company 9.5 4.9 Others 15.8 14.3 Total trade receivables $ 146.2 $ 61.7 TP JGC Coral France SNC, TTSJV W.L.L. 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) June 30, 2019 December 31, 2018 Chiyoda $ 21.4 $ 70.0 JGC Corporation 18.7 69.5 IFP Energies nouvelles 2.2 2.4 Magma Global Limited 0.6 0.6 Dofcon Navegacao 0.2 2.5 Anadarko Petroleum Company — 0.7 Others 2.5 2.9 Total trade payables $ 45.6 $ 148.6 Dofcon Navegacao and Magma Global Limited are equity affiliates. JGC Corporation and Chiyoda are joint venture partners on our Yamal project. A member of our Board of Directors is an executive officer of IFP Energies nouvelles. Additionally, our note receivables balance was $100.2 million and $130.0 million at June 30, 2019 and December 31, 2018 , respectively. The balance includes $100.2 million and $119.9 million with Dofcon Brasil AS at June 30, 2019 and December 31, 2018 , respectively. Dofcon Brasil AS is a variable interest entity and accounted for as an equity method affiliate. These are included in other noncurrent assets on our consolidated balance sheets. Revenue consisted of amount from following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 TP JGC Coral France SNC $ 51.0 $ 33.2 $ 77.7 $ 61.4 TTSJV W.L.L. 22.7 — 75.5 — Anadarko Petroleum Company 12.1 25.2 40.8 75.5 Dofcon Navegacao 1.6 — 5.7 — Others 15.1 1.8 26.5 15.8 Total revenue $ 102.5 $ 60.2 $ 226.2 $ 152.7 Expenses consisted of amount to following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 JGC Corporation $ 4.6 $ 4.5 $ 18.9 $ 19.6 Serimax Holdings SAS 0.2 — 17.7 — Chiyoda 3.4 3.4 17.6 11.1 Arkema S.A. 9.8 — 9.8 — Magma Global Limited 1.3 — 3.2 — IFP Energy nouvelles — 1.2 1.0 2.3 Others 5.8 1.4 9.6 3.7 Total expenses $ 25.1 $ 10.5 $ 77.8 $ 36.7 Serimax Holdings SAS is an equity affiliate. A member of our Board of Directors serves on the Board of Directors for Arkema S.A.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	DEBT Long-term debt consisted of the following: (In millions) June 30, December 31, Revolving credit facility $ — $ — Bilateral credit facilities — — Commercial paper 1,431.2 1,916.1 Synthetic bonds due 2021 493.8 490.9 3.45% Senior Notes due 2022 500.0 500.0 5.00% 2010 Private placement notes due 2020 227.4 229.0 3.40% 2012 Private placement notes due 2022 170.6 171.8 3.15% 2013 Private placement notes due 2023 147.8 148.9 3.15% 2013 Private placement notes due 2023 142.2 143.1 4.00% 2012 Private placement notes due 2027 85.3 85.9 4.00% 2012 Private placement notes due 2032 113.7 114.5 3.75% 2013 Private placement notes due 2033 113.7 114.5 Bank borrowings 337.1 265.2 Other 29.7 23.2 Unamortized issuing fees (10.7 ) (11.4 ) Total debt 3,781.8 4,191.7 Less: current borrowings 80.7 67.4 Long-term debt $ 3,701.1 $ 4,124.3 Bilateral credit facilities - We have access to a €100.0 million bilateral credit facility expiring in May 2021. Two bilateral credit facilities of €80.0 million each and a bilateral credit facility of €60.0 million expired in May and June 2019, respectively. The 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 revolving 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 June 30, 2019 and December 31, 2018 . Commercial paper borrowings are issued at market interest rates. As of June 30, 2019 , our commercial paper borrowings had a weighted average interest rate of 2.78% on the U.S. dollar denominated borrowings and (0.22)% on the Euro denominated borrowings. Bank borrowings - In January 2019, we executed a sale-leaseback transaction to finance the purchase of a deepwater dive support vessel, Deep Discoverer (the “Vessel”) for the full transaction price of $116.8 million . The sale-leaseback agreement (“Charter”) was entered into with a French joint-stock company, owned by Credit Industrial et Commercial (“CIC”) which was formed for the sole purpose to purchase and act as the lessor of the Vessel. It is a variable interest entity, which is fully consolidated in our condensed consolidated financial statements. The transaction was funded through debt of $96.2 million which is primarily long-term, expiring on January 8, 2031.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Cash dividends paid during the six months ended June 30, 2019 for dividends declared on February 19, 2019 and April 24, 2019 were $116.6 million . Cash dividends paid during the six months ended June 30, 2018 was $120.2 million . 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 GAAP reported amount (e.g., retained earnings). The declaration and payment of dividends require the authorization of our Board of Directors, provided that such dividends on issued share capital may be paid only out of our “distributable reserves” on our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium. In December 2018, our Board of Directors authorized an extension of our share repurchase program for $300.0 million for the purchase of ordinary shares. We repurchased 4.0 million of ordinary shares for a total consideration of $90.1 million during the six months ended June 30, 2019 under our authorized share repurchase 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 income (loss) consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2018 $ (1,234.4 ) $ (32.9 ) $ (92.4 ) $ (1,359.7 ) $ (4.0 ) Other comprehensive income (loss) before reclassifications, net of tax (2.6 ) 5.2 1.0 3.6 1.3 Reclassification adjustment for net losses (gains) included in net income, net of tax — 6.4 1.4 7.8 — Other comprehensive income (loss), net of tax (2.6 ) 11.6 2.4 11.4 1.3 June 30, 2019 $ (1,237.0 ) $ (21.3 ) $ (90.0 ) $ (1,348.3 ) $ (2.7 ) Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 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 (losses) on hedging instruments Foreign exchange contracts $ (13.2 ) $ 1.1 $ (12.5 ) $ 3.6 Revenue 2.3 3.5 4.9 5.1 Cost of sales — (0.1 ) 0.1 — Selling, general and administrative expense 1.0 (0.1 ) (1.4 ) (4.7 ) Other income (expense), net (9.9 ) 4.4 (8.9 ) 4.0 Income (loss) before income taxes (3.2 ) 0.8 (2.5 ) 0.6 Provision for income taxes (Note 17) $ (6.7 ) $ 3.6 $ (6.4 ) $ 3.4 Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) (1.5 ) (0.3 ) (1.9 ) (0.3 ) (a) (1.5 ) (0.3 ) (1.9 ) (0.3 ) Income (loss) before income taxes (0.4 ) — (0.5 ) — Provision for income taxes (Note 17) $ (1.1 ) $ (0.3 ) $ (1.4 ) $ (0.3 ) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Under the TechnipFMC plc Incentive Award Plan (the “Plan”), we grant certain incentives and awards to officers, employees, non-employee directors and consultants of TechnipFMC and its subsidiaries. Awards may include share options, share appreciation rights, performance stock units, restricted stock units, restricted shares or other awards authorized under the Plan. 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 $21.1 million and $12.9 million for the three months ended June 30, 2019 and 2018 , respectively, and $41.5 million and $25.8 million for the six months ended June 30, 2019 and 2018

Impairment, Restructuring and O

Impairment, Restructuring and Other Expenses	6 Months Ended
	Jun. 30, 2019
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 Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Subsea $ 4.5 $ 11.0 $ 6.8 $ 14.1 Onshore/Offshore 2.1 (9.1 ) 5.9 (5.6 ) Surface Technologies 1.2 4.3 2.7 6.7 Corporate and other 1.4 5.2 10.3 7.7 Total impairment, restructuring and other expenses $ 9.2 $ 11.4 $ 25.7 $ 22.9 Restructuring charges during the three and six months ended June 30, 2019 and 2018 primarily consisted of severance and other employee related costs.

Commitments And Contingent Liab

Commitments And Contingent Liabilities	6 Months Ended
	Jun. 30, 2019
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) June 30, December 31, Financial guarantees (a) $ 949.8 $ 750.4 Performance guarantees (b) 4,093.9 4,047.6 Maximum potential undiscounted payments $ 5,043.7 $ 4,798.0 (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 - 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. 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 cooperated with the DOJ's investigations and, with regard to FMC Technologies, a related investigation by the U.S. Securities and Exchange Commission (“SEC”). 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 cooperated with the DOJ in its investigation into potential violations of the FCPA in connection with these projects. We contacted and cooperated with the Brazilian authorities (Federal Prosecution Service (“MPF”), the Comptroller General of Brazil (“CGU”) and the Attorney General of Brazil (“AGU”)) with their investigation concerning the projects in Brazil and have also contacted and are cooperating with French authorities (the Parquet National Financier (“PNF”)) with their investigation about these existing matters. On June 25, 2019, we announced a global resolution to pay a total of $301.3 million to the DOJ, the SEC, the MPF, and the CGU/AGU to resolve these anti-corruption investigations. We will not be required to have a monitor and will, instead, provide reports on our anti-corruption program to the Brazilian and U.S. authorities for two and three years, respectively. As part of this resolution, we entered into a three-year Deferred Prosecution Agreement (“DPA”) with the DOJ related to charges of conspiracy to violate the FCPA related to conduct in Brazil and with Unaoil. In addition, Technip USA, Inc., a U.S. subsidiary, pled guilty to one count of conspiracy to violate the FCPA related to conduct in Brazil. We will also provide the DOJ reports on our anti-corruption program during the term of the DPA. In Brazil, our subsidiaries Technip Brasil - Engenharia, Instalações E Apoio Marítimo Ltda. and Flexibrás Tubos Flexíveis Ltda. entered into leniency agreements with both the MPF and the CGU/AGU. We have committed, as part of those agreements, to make certain enhancements to their compliance programs in Brazil during a two-year self-reporting period, which aligns with our commitment to cooperation and transparency with the compliance community in Brazil and globally. Additionally, we have reached an agreement in principle with the SEC Staff, subject to final SEC approval. To date, the investigation by PNF related to historical projects in Equatorial Guinea and Ghana has not reached resolution. We remain committed to finding a resolution with the PNF and will maintain a $70.0 million provision related to this investigation. As we continue to progress our discussions with PNF towards resolution, the amount of a settlement could exceed this provision. There is no certainty that a settlement with PNF will be reached or that the settlement will not exceed current accruals. The PNF has a broad range of potential sanctions under anticorruption laws and regulations that it may seek to impose in appropriate circumstances including, but not limited to, fines, penalties, and modifications to business practices and compliance programs. Any of these measures, if applicable to us, as well as potential customer reaction to such measures, could have a material adverse impact on our business, results of operations, and financial condition. If we cannot reach a resolution with the PNF, we could be subject to criminal proceedings in France, the outcome of which cannot be predicted. Contingent liabilities associated with liquidated damages - Some of our contracts contain provisions that require us to pay liquidated damages if we are responsible for the failure to meet specified contractual milestone dates and the applicable customer asserts a conforming claim under these provisions. These contracts define the conditions under which our customers may make claims against us for liquidated damages. Based upon the evaluation of our performance and other commercial and legal analysis, management believes we have appropriately recognized probable liquidated damages at June 30, 2019 and December 31, 2018 , and that the ultimate resolution of such matters will not materially affect our consolidated financial position, results of operations, or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our provision for income taxes for the three months ended June 30, 2019 and 2018 reflected effective tax rates of 0.8% and 37.0% , respectively. Our provision for income tax for the six months ended June 30, 2019 and 2018 reflect effective tax rates of 10.3% and 36.1% , respectively. The year-over-year decrease in the effective tax rate for the six months ended June 30, 2019 and 2018 was primarily due to recognized tax benefits related to the finalization of previously estimated tax liabilities based on the filing of tax returns in certain jurisdictions and the release of a valuation allowance previously recorded against certain deferred tax assets in Brazil, offset in part by the reduced benefit of losses in jurisdictions with a full valuation allowance, the impact of a nondeductible legal provision, and an unfavorable change in earnings mix. In addition, individual tax items, combined with higher profitability in the prior period, had a greater impact on the effective tax rate in the six months ended June 30, 2019 as compared to the same period in 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	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 , we held the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Euro 631.5 718.1 Brazilian real 963.8 251.5 British pound 163.0 206.9 Norwegian krone 1,183.5 138.9 Malaysian ringgit 393.0 95.1 Singapore dollar 120.1 88.7 Japanese yen 8,447.0 78.4 Australian dollar 108.4 76.3 Mexican peso (287.0 ) (15.0 ) Canadian dollar (90.8 ) (69.3 ) U.S. dollar (1,270.0 ) (1,270.0 ) 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 June 30, 2019 , our portfolio of these instruments included the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Brazilian real (14.0 ) (3.7 ) Euro (0.7 ) (0.8 ) Norwegian krone (5.1 ) (0.6 ) U.S. dollar 4.8 4.8 Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 19 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: June 30, 2019 December 31, 2018 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 61.0 $ 108.8 $ 83.8 $ 127.7 Long-term - Derivative financial instruments 20.7 56.1 9.0 35.6 Total derivatives designated as hedging instruments 81.7 164.9 92.8 163.3 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 12.2 18.1 11.9 10.7 Long-term - Derivative financial instruments — — 0.1 0.1 Total derivatives not designated as hedging instruments 12.2 18.1 12.0 10.8 Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium 19.1 — 9.2 — Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives — 19.1 — 9.2 Total derivatives $ 113.0 $ 202.1 $ 114.0 $ 183.3 Cash flow derivative hedges of forecasted transactions, net of tax, which qualify for hedge accounting, resulted in accumulated other comprehensive losses of $21.4 million and $33.0 million at June 30, 2019 and December 31, 2018 , respectively. We expect to transfer an approximately $2.8 million loss 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 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 Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Foreign exchange contracts $ (13.6 ) $ (54.7 ) $ 3.0 $ (40.5 ) The following represents the effect of cash flow hedge accounting on the consolidated statements of income for the three and six months ended June 30, 2019 and 2018 : (In millions) Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Cash Flow hedge gain (loss) recognized in income Foreign Exchange Contracts Amounts reclassified from accumulated OCI to income $ (13.2 ) $ 2.3 $ — $ 1.0 $ 1.1 $ 3.5 $ (0.1 ) $ (0.1 ) Amounts excluded from effectiveness testing (0.8 ) 1.9 — (12.5 ) 0.3 (0.9 ) — 0.7 Total cash flow hedge gain (loss) recognized in income (14.0 ) 4.2 — (11.5 ) 1.4 2.6 (0.1 ) 0.6 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1 ) (0.1 ) — 8.3 (1.2 ) 0.1 — 11.8 Total $ (14.1 ) $ 4.1 $ — $ (3.2 ) $ 0.2 $ 2.7 $ (0.1 ) $ 12.4 (In millions) Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Cash Flow hedge gain (loss) recognized in income Foreign Exchange Contracts Amounts reclassified from accumulated OCI to income $ (12.5 ) $ 4.9 $ 0.1 $ (1.4 ) $ 3.6 $ 5.1 $ — $ (4.7 ) Amounts excluded from effectiveness testing (1.1 ) (2.2 ) — (22.1 ) 0.8 (2.0 ) — 3.2 Total cash flow hedge gain (loss) recognized in income (13.6 ) 2.7 0.1 (23.5 ) 4.4 3.1 — (1.5 ) Gain (loss) recognized in income on derivatives not designated as hedging instruments (1.1 ) (0.1 ) — 5.0 (0.9 ) 0.2 — (1.6 ) Total $ (14.7 ) $ 2.6 $ 0.1 $ (18.5 ) $ 3.5 $ 3.3 $ — $ (3.1 ) 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 June 30, 2019 and December 31, 2018 , we had no collateralized derivative contracts. The following tables present both gross information and net information of recognized derivative instruments: June 30, 2019 December 31, 2018 (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 $ 113.0 $ (92.0 ) $ 21.0 $ 114.0 $ (105.9 ) $ 8.1 Derivative liabilities $ 202.1 $ (92.0 ) $ 110.1 $ 183.3 $ (105.9 ) $ 77.4

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: June 30, 2019 December 31, 2018 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities (a) $ 50.4 $ 50.4 $ — $ — $ 40.4 $ 40.4 $ — $ — Money market fund 1.8 — 1.8 — 1.6 — 1.6 — Stable value fund (b) 1.4 — — — 0.5 — — — Held-to-maturity debt securities 60.0 — 60.0 — 20.0 — 20.0 — Derivative financial instruments Synthetic bonds - call option premium 19.1 — 19.1 — 9.2 — 9.2 — Foreign exchange contracts 93.9 — 93.9 — 104.8 — 104.8 — Asset held for sale 13.5 — — 13.5 9.6 — — 9.6 Total assets $ 240.1 $ 50.4 $ 174.8 $ 13.5 $ 186.1 $ 40.4 $ 135.6 $ 9.6 Liabilities Redeemable financial liability $ 412.8 $ — $ — $ 412.8 $ 408.5 $ — $ — $ 408.5 Derivative financial instruments Synthetic bonds - embedded derivatives 19.1 — 19.1 — 9.2 — 9.2 — Foreign exchange contracts 183.0 — 183.0 — 174.1 — 174.1 — Liabilities held for sale 20.1 — — 20.1 16.2 — — 16.2 Total liabilities $ 635.0 $ — $ 202.1 $ 432.9 $ 608.0 $ — $ 183.3 $ 424.7 (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 and Available-for-sale debt securities - The fair value measurement of our traded securities and Available-for-sale 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. Held-to-maturity debt securities - held-to-maturity debt securities consist of government bonds. These investments are stated at amortized cost, which approximates fair value. Assets and liabilities held for sale - The fair value of our assets and liabilities held for sale was determined using a market approach that took into consideration the expected sales price. 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 $408.5 million was recognized as of December 31, 2018 to account for the fair value of the non-controlling interests. See Note 9 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to the short-term portion of the mandatorily redeemable financial liability. A decrease of one percentage point in the discount rate would have increased the liability by $3.3 million as of June 30, 2019 . 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: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Balance at beginning of period $ 318.3 $ 383.2 $ 408.5 $ 312.0 Less: Gains (losses) recognized in net interest expense (140.2 ) (49.1 ) (224.9 ) (120.3 ) Less: Settlements 45.7 124.2 220.6 124.2 Balance at end of period $ 412.8 $ 308.1 $ 412.8 $ 308.1 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 June 30, 2019 and December 31, 2018 , the fair value of our redeemable noncontrolling interest was $38.5 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 18 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 June 30, 2019 was $1,983.8 million and $2,155.7 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, 2018 were $1,998.6 million and $2,109.7 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, 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENT In July 2019, we paid approximately $160 million as part of our previously announced global resolution to pay a total of $301.3 million to resolve certain anti-corruption investigations. See Note 16 for further details regarding the global resolution.

Basis Of Presentation and Sig_2

Basis Of Presentation and Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of presentation	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, 2018 . 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 ending December 31, 2019 . Reclassifications – Certain prior-year amounts have been reclassified to conform to the current year’s presentation. Revision of Prior Period Financial Statements - In connection with the preparation of the condensed consolidated financial statements for the three and six months ended June 30, 2019 , we identified errors in our previously issued financial statements related to the classification between service revenue, product revenue and the related cost of sales. The correction had no effect on the reported total revenues, consolidated net income (loss) or stockholders’ equity for any periods previously presented. In accordance with Staff Accounting Bulletin (“SAB ”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , we evaluated the errors and, based on an analysis of quantitative and qualitative factors, determined that the related impact was not material to our consolidated financial statements for any prior annual or interim period. Therefore, amendments of previously filed reports are not required. In accordance with Accounting Standards Codification (“ASC”) 250, Accounting Changes and Error Corrections , we corrected the errors for the three and six months ended June 30, 2018 by revising the condensed consolidated financial statements appearing herein. Periods not presented herein will be revised, as applicable, in future filings.
Lessor, Leases	Leases – The majority of our leases are operating leases. We account for leases in accordance with ASC Topic 842, Leases, which we adopted on January 1, 2019 using the modified retrospective method. Refer to Note 4 for further discussion of the adoption, including the impact on our 2019 financial statements. Lessor Arrangements We lease real estate including land, buildings and warehouses, machinery/equipment, and vessels from a lessor perspective. We determine if an arrangement is a lease at inception by assessing whether an identified asset exists and if the customer has the right to control the use of the identified asset. We use our implicit rate for our lessor arrangements. We have elected the practical expedient available for lessors to not separate lease and non-lease components for vessels. If the non-lease component is predominant in our contracts, we account for the contracts under the revenue recognition guidance in ASC 606. If the lease component is predominant in our contracts, we account for the contracts under the lease guidance in ASC 842 . We estimate the amount we expect to derive from the underlying asset following the end of the lease term based on remaining economic life. Our lessor arrangements generally do not include any residual value guarantees. We recognize lessee payments of lessor costs such as taxes and insurance on a net basis when the lessee pays those costs directly to a third party or when the amount paid by the lessee is not readily determinable.
Reclassifications	In accordance with Staff Accounting Bulletin (“SAB ”) No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , we evaluated the errors and, based on an analysis of quantitative and qualitative factors, determined that the related impact was not material to our consolidated financial statements for any prior annual or interim period. Therefore, amendments of previously filed reports are not required. In accordance with Accounting Standards Codification (“ASC”) 250, Accounting Changes and Error Corrections , we corrected the errors for the three and six months ended June 30, 2018 by revising the condensed consolidated financial statements appearing herein. Periods not presented herein will be revised, as applicable, in future filings.

Leases (Policies)

Leases (Policies)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Recently Adopted Accounting Standards, Leases	In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Lessees are required to recognize a right-of-use (“ROU”) asset and a lease liability for all outstanding leases excluding short-term leases. The liability is equal to the present value of the remaining lease payments. The ROU asset is based on the liability, subject to certain adjustments (e.g., initial direct costs, payments made by the lessee prior to lease commencement and any lessor incentives). For income statement purposes, lessees are required to classify leases as either operating or finance leases. Operating leases result in straight-line expense while finance leases result in a front-loaded expense pattern. Lessor accounting is largely unchanged but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. Topic 842 was subsequently amended to provide practical expedient for transition and targeted improvements to the new lease standard. The FASB issued in March 2019, ASU 2019-01, “Leases (Topic 842): Codification Improvements” to clarify certain transition disclosure requirements. The Company adopted the new lease standard as of January 1, 2019, using a modified retrospective transition method and applying the new standard to all leases through a cumulative-effect adjustment to beginning retained earnings in the period of adoption. In our first annual period after adoption, the year ending December 31, 2019, the comparative periods will not be restated and will be presented under legacy lease accounting guidance in effect for those periods, Topic 840. The new standard provides a number of practical expedients specific to transition. We have elected the “package of practical expedients”, which permits us not to reassess (1) whether any expired or existing arrangements are or contain leases, (2) the lease classification for any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. The new standard also provides practical expedients for an entity’s ongoing accounting, including a practical expedient which allows lessees and lessors to elect to not separate lease and non-lease components. We have elected the practical expedient available for lessees to not separate lease and non-lease components for all asset classes other than vessels, which typically include significant non-lease components. We have elected the practical expedient available for lessors to not separate lease and non-lease components for vessels. The Company also elected not to recognize right of use assets and lease liabilities on the balance sheet for short-term leases, which have a lease term of 12 months or less and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. Lease cost of short-term leases are recognized on a straight-line basis over the lease term and disclosed within our financial statements. We believe short-term lease commitments are not materially different than the short-term lease cost for the period. Adoption of the new lease accounting guidance had a material impact on our consolidated balance sheets but did not have a material impact on our consolidated income statements. We recognized on January 1, 2019, (1) a lease liability of approximately $1,189.6 million which represents the present value of the remaining lease payments, discounted using the Company’s applicable weighted average incremental borrowing rates, and (2) an ROU asset of approximately $1,115.5 million which represents the lease liability of $1,189.6 million adjusted for accrued and prepaid rent, lease incentives, and other balances. The impact was recorded as an adjustment to increase retained earnings by approximately $1.8 million
Lessee, Leases	Lessee Arrangements We lease real estate, including land, buildings and warehouses, machinery/equipment, vessels, vehicles, and various types of manufacturing and data processing equipment, from a lessee perspective. Leases of real estate generally provide for payment of property taxes, insurance, and repairs by us. Substantially all our leases are classified as operating leases. We determine if an arrangement is a lease at inception by assessing whether an identified asset exists and if we have the right to control the use of the identified asset. Operating leases are included in Operating lease right-of-use assets, Operating lease liabilities (current), and Operating lease liabilities (non-current) on our consolidated balance sheets. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of the remaining lease payments over the lease term. With the exception of rare cases in which the implicit rate is readily determinable, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Operating lease right-of-use assets also includes any lease prepayments made and excludes lease incentives we received from the lessor. Lease cost for lease payments is recognized on a straight-line basis over the lease term. Several of our leases provide for certain guarantees of residual value. We estimate and include in the determination of lease payments any amount probable of being owed under these residual value guarantees. At the date of adoption and June 30, 2019, we determined that there were no residual value guarantees which were probable of being owed. Our leases do not contain any material restrictive covenants. Lease terms within our lessee arrangements may include options to extend/renew or terminate the lease and/or purchase the underlying asset when it is reasonably certain that we will exercise that option. The Company applies a portfolio approach by asset class to determine lease term renewals. The leases within these portfolios are categorized by asset class and have initial lease terms that vary depending on the asset class. The renewal terms range from 60 days to 5 years for asset classes such as temporary residential housing, forklifts, vehicles, vessels, office and IT equipment, and tool rentals, and up to 15 years or more for commercial real estate. Short-term leases with an initial term of 12 months or less that do not include a purchase option are not recorded on the balance sheet. Lease costs for short-term leases are recognized on a straight-line basis over the lease term and amounts related to short-term leases are disclosed within our financial statements. The Company has variable lease payments, including adjustments to lease payments based on an index or rate (such as the Consumer Price Index), fair value adjustments to lease payments, and common area maintenance, real estate taxes, and insurance payments in triple-net real estate leases. Variable lease payments that depend on an index or a rate (such as the Consumer Price Index or a market interest rate) are included when measuring consideration within our lease arrangements using the payments’ base rate or index. Variable payments that do not depend on an index or rate are recognized in profit or loss and are disclosed as ‘variable lease cost’ in the period they are incurred. We adopted the practical expedient to not separate lease and non-lease components for all asset classes except for vessels, which have significant non-lease components. The Company currently subleases certain of its leased real estate and vessels to third parties. It is expected that most subleases will be classified as operating leases by the sublessor under GAAP.
Lessor, Leases	Leases – The majority of our leases are operating leases. We account for leases in accordance with ASC Topic 842, Leases, which we adopted on January 1, 2019 using the modified retrospective method. Refer to Note 4 for further discussion of the adoption, including the impact on our 2019 financial statements. Lessor Arrangements We lease real estate including land, buildings and warehouses, machinery/equipment, and vessels from a lessor perspective. We determine if an arrangement is a lease at inception by assessing whether an identified asset exists and if the customer has the right to control the use of the identified asset. We use our implicit rate for our lessor arrangements. We have elected the practical expedient available for lessors to not separate lease and non-lease components for vessels. If the non-lease component is predominant in our contracts, we account for the contracts under the revenue recognition guidance in ASC 606. If the lease component is predominant in our contracts, we account for the contracts under the lease guidance in ASC 842 . We estimate the amount we expect to derive from the underlying asset following the end of the lease term based on remaining economic life. Our lessor arrangements generally do not include any residual value guarantees. We recognize lessee payments of lessor costs such as taxes and insurance on a net basis when the lessee pays those costs directly to a third party or when the amount paid by the lessee is not readily determinable.

Basis Of Presentation and Sig_3

Basis Of Presentation and Significant Accounting Policies Restatement (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Restatement to Prior Year Income	The effects of the revision on our condensed consolidated statements of income for the three and six months ended June 30, 2018 are as follows: Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 (In millions, except per share data) As Previously Reported Adjustments As Revised As Previously Reported Adjustments As Revised Revenue Service revenue $ 2,243.9 $ (177.9 ) $ 2,066.0 $ 4,671.3 $ (331.3 ) $ 4,340.0 Product revenue 663.7 177.9 841.6 1,312.1 331.3 1,643.4 Total revenue 2,960.9 — 2,960.9 6,086.1 — 6,086.1 Costs and expenses Cost of service revenue 1,846.9 (45.6 ) 1,801.3 3,799.4 (171.2 ) 3,628.2 Cost of product revenue 544.1 45.6 589.7 1,078.9 171.2 1,250.1 Total costs and expenses 2,777.6 — 2,777.6 5,663.5 — 5,663.5 Net income attributable to TechnipFMC plc $ 105.7 $ — $ 105.7 $ 200.8 $ — $ 200.8 Earnings per share attributable to TechnipFMC plc (Note 7) Basic $ 0.23 $ — $ 0.23 $ 0.43 $ — $ 0.43 Diluted $ 0.23 $ — $ 0.23 $ 0.43 $ — $ 0.43 Weighted average shares outstanding (Note 7) Basic 461.4 — 461.4 462.8 — 462.8 Diluted 463.3 — 463.3 464.2 — 464.2

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease, Cost	The following table is a summary of the Company’s components of net lease cost for the three and six months ended June 30, 2019 : Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2019 Operating lease cost including variable costs $ 92.0 $ 183.4 Short-term lease costs 9.4 14.9 Less: sublease income 1.7 4.0 Net lease cost $ 99.7 $ 194.3
Schedule of supplemental cash flow information related to leases	Supplemental cash flow information related to leases for the six months ended June 30, 2019 is as follows: Six Months Ended (In millions) June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 181.7 Right-of-use assets obtained in exchange for lease liabilities Operating leases $ 23.8
Schedule of supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases as of June 30, 2019 is as follows: (In millions, except lease term and discount rate) June 30, 2019 Weighted average remaining lease term Operating leases 7.1 years Weighted average discount rate Operating leases 4.3 %
Schedule of maturities of operating and finance leases liabilities	The following table is a summary of the maturity of lease liabilities under operating leases as of June 30, 2019 : (in millions) Operating Leases 2019 $ 333.7 2020 249.5 2021 138.3 2022 104.7 2023 82.1 Thereafter 369.5 Total lease payments 1,277.8 Less: Imputed interest (a) 232.2 Total lease liabilities (b) $ 1,045.6 Note: For leases commencing prior to 2019, minimum lease payments exclude payments to landlords for real estate taxes and common area maintenance. (a) Calculated using the interest rate for each lease. (b) Includes the current portion of $270.8 million for operating leases.
Schedule of Future Minimum Rental Payments for Operating Leases	At December 31, 2018 , future minimum rental payments under noncancellable operating leases under ASC Topic 840 were: (In millions) 2019 $ 329.8 2020 286.1 2021 192.3 2022 123.8 2023 102.1 Thereafter 485.6 Total lease payment 1,519.7 Less income from sub-leases 25.6 Net minimum operating lease payments $ 1,494.1
Lease revenue	The following table is a summary of the Company’s components of lease revenue for the three and six months ended June 30, 2019 : Three Months Ended Six Months Ended (In millions) June 30, 2019 June 30, 2019 Operating lease revenue including variable revenue $ 52.6 $ 115.2
Schedule of maturities of operating and finance leases receivables	The following table is a summary of the maturity analysis of the undiscounted cash flows to be received on an annual basis for each of the first five years, and a total of the amounts for the remaining years. (in millions) Operating Leases 2019 $ 26.0 2020 14.2 2021 18.3 2022 20.6 2023 1.0 Thereafter — Total undiscounted cash flows $ 80.1

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
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 six months ended June 30, 2019 and 2018 : Reportable Segments Three Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea Onshore/ Surface Technologies Europe, Russia, Central Asia $ 459.6 $ 651.2 $ 60.0 $ 409.4 $ 705.5 $ 58.3 America 341.8 196.9 199.9 331.3 90.9 237.5 Asia Pacific 177.7 275.5 44.1 137.9 310.6 29.7 Africa 373.8 111.1 14.9 261.6 76.9 11.4 Middle East 135.6 270.3 69.2 43.8 158.5 44.3 Total products and services revenue $ 1,488.5 $ 1,505.0 $ 388.1 $ 1,184.0 $ 1,342.4 $ 381.2 Reportable Segments Six Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea Onshore/ Surface Technologies Europe, Russia, Central Asia $ 859.2 $ 1,292.8 $ 115.8 $ 714.9 $ 1,706.4 $ 106.5 America 718.9 357.3 393.1 781.9 163.6 445.0 Asia Pacific 277.4 577.4 89.1 249.9 605.9 51.8 Africa 519.6 171.5 26.2 541.4 147.5 27.1 Middle East 270.8 441.1 121.8 50.3 292.4 98.8 Total products and services revenue $ 2,645.9 $ 2,840.1 $ 746.0 $ 2,338.4 $ 2,915.8 $ 729.2 The following tables represent revenue by contract type for each reportable segment for the three and six months ended June 30, 2019 and 2018 : Reportable Segments Three Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea (b) Onshore/ Surface Technologies Services $ 970.2 $ 1,505.0 $ 73.6 $ 656.5 $ 1,342.4 $ 67.1 Products 518.3 — 314.5 527.5 — 314.1 Total products and services revenue 1,488.5 1,505.0 388.1 1,184.0 1,342.4 381.2 Lease (a) 20.2 — 32.4 33.4 — 19.9 Total revenue $ 1,508.7 $ 1,505.0 $ 420.5 $ 1,217.4 $ 1,342.4 $ 401.1 Reportable Segments Six Months Ended June 30, 2019 June 30, 2018 (In millions) Subsea Onshore/ Surface Technologies Subsea (b) Onshore/ Surface Technologies Services $ 1,615.8 $ 2,840.1 $ 144.0 $ 1,309.4 $ 2,915.8 $ 114.8 Products 1,030.1 — 602.0 1,029.0 — 614.4 Total products and services revenue 2,645.9 2,840.1 746.0 2,338.4 2,915.8 729.2 Lease (a) 48.1 — 67.1 59.2 — 43.5 Total revenue $ 2,694.0 $ 2,840.1 $ 813.1 $ 2,397.6 $ 2,915.8 $ 772.7 (a) Represents revenue not subject to ASC Topic 606. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to lease revenue. (b) We revised the condensed consolidated statement of operations to correct the classification of service revenue and product revenue in the amount of $177.9 million and $331.3 million for three and six months ended June 30, 2018 , respectively. See Note 1 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to the revision.
Contract balances	The following table provides information about net contract assets (liabilities) as of June 30, 2019 and December 31, 2018 : (In millions) June 30, December 31, $ change % change Contract assets $ 1,612.4 $ 1,295.0 $ 317.4 24.5 Contract (liabilities) (4,354.6 ) (4,085.1 ) (269.5 ) (6.6 ) Net contract assets (liabilities) $ (2,742.2 ) $ (2,790.1 ) $ 47.9 1.7
Remaining revenue performance obligations	The following table details the order backlog for each business segment as of June 30, 2019 : (In millions) 2019 2020 Thereafter Subsea $ 2,480.5 $ 3,465.5 $ 2,801.0 Onshore/Offshore 3,252.7 4,758.7 8,596.9 Surface Technologies 393.6 33.0 — Total remaining unsatisfied performance obligations $ 6,126.8 $ 8,257.2 $ 11,397.9

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting, Measurement Disclosures [Abstract]
Segment revenue and segment operating profit	Segment revenue and segment operating profit were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Segment revenue Subsea $ 1,508.7 $ 1,217.4 $ 2,694.0 $ 2,397.6 Onshore/Offshore 1,505.0 1,342.4 2,840.1 2,915.8 Surface Technologies 420.5 401.1 813.1 772.7 Total revenue $ 3,434.2 $ 2,960.9 $ 6,347.2 $ 6,086.1 Segment operating profit Subsea $ 94.6 $ 75.9 $ 144.5 $ 130.3 Onshore/Offshore 274.0 171.3 429.7 374.2 Surface Technologies 25.5 51.5 36.0 82.1 Total segment operating profit 394.1 298.7 610.2 586.6 Corporate items Corporate expense (a) (138.9 ) (73.0 ) (232.5 ) (132.8 ) Net interest expense (140.6 ) (50.9 ) (228.8 ) (138.3 ) Total corporate items (279.5 ) (123.9 ) (461.3 ) (271.1 ) Income before income taxes (b) $ 114.6 $ 174.8 $ 148.9 $ 315.5 (a) Corporate expense primarily includes corporate staff expenses, legal reserve, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger transaction and integration expenses. (b) Includes amounts attributable to noncontrolling interests.
Segment operating capital employed and segment assets	Segment assets were as follows: (In millions) June 30, December 31, 2018 Segment assets Subsea $ 12,237.1 $ 11,037.8 Onshore/Offshore 4,311.8 4,355.2 Surface Technologies 2,988.2 2,825.6 Intercompany eliminations (29.7 ) (26.4 ) Total segment assets 19,507.4 18,192.2 Corporate (a) 6,005.3 6,592.3 Total assets $ 25,512.7 $ 24,784.5 (a) Corporate includes cash, deferred income tax balances, legal provisions, property, plant and equipment not associated with a specific segment, pension assets, the fair value of derivative financial instruments, and LIFO adjustments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of the number of shares used for the basic and diluted 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 Six Months Ended June 30, June 30, (In millions, except per share data) 2019 2018 2019 2018 Net income attributable to TechnipFMC plc $ 97.0 $ 105.7 $ 117.9 $ 200.8 Weighted average number of shares outstanding 447.5 461.4 447.7 462.8 Dilutive effect of restricted stock units 1.6 0.2 1.8 — Dilutive effect of stock options — 0.4 — 0.1 Dilutive effect of performance shares 2.1 1.3 2.4 1.3 Total shares and dilutive securities 451.2 463.3 451.9 464.2 Basic earnings per share attributable to TechnipFMC plc $ 0.22 $ 0.23 $ 0.26 $ 0.43 Diluted earnings per share attributable to TechnipFMC plc $ 0.21 $ 0.23 $ 0.26 $ 0.43

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Components Of Inventories	Inventories consisted of the following: (In millions) June 30, December 31, Raw materials $ 359.3 $ 366.4 Work in process 227.3 146.4 Finished goods 800.4 738.4 Inventories, net $ 1,387.0 $ 1,251.2

Other Current Assets & Other _2

Other Current Assets & Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2019
Other Current Assets and Other Current Liabilities [Abstract]
Schedule of other current assets	Other current assets consisted of the following: (In millions) June 30, December 31, Value-added tax receivables $ 420.0 $ 305.8 Prepaid expenses 109.7 91.3 Other taxes receivables 86.7 85.0 Sundry receivables 85.2 87.0 Asset held for sale 19.1 9.6 Other 88.3 76.9 Total other current assets $ 809.0 $ 655.6
Schedule of other current liabilities	Other current liabilities consisted of the following: (In millions) June 30, December 31, Legal provisions $ 426.5 $ 418.2 Warranty accruals and project contingencies 363.3 418.2 Redeemable financial liability 251.7 173.0 Value added tax and other taxes payable 232.4 214.3 Social security liability 108.2 112.3 Provisions 88.2 135.5 Compensation accrual 63.5 87.3 Liabilities held for sale 21.7 16.2 Current portion of accrued pension and other post-retirement benefits 14.3 14.0 Other accrued liabilities 226.7 182.6 Total other current liabilities $ 1,796.5 $ 1,771.6

Equity Method Investments (Tabl

Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Our income from equity affiliates included in each of our reporting segments was as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Subsea $ 11.3 $ 19.7 $ 26.2 $ 36.3 Onshore/Offshore 2.9 20.5 1.9 17.9 Income from equity affiliates $ 14.2 $ 40.2 $ 28.1 $ 54.2

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions Receivables [Table Text Block]	Trade receivables consisted of receivables due from following related parties: (In millions) June 30, 2019 December 31, 2018 TP JGC Coral France SNC $ 79.1 $ 31.6 TTSJV W.L.L. 30.6 — Technip Odebrecht PLSV CV 11.2 10.9 Anadarko Petroleum Company 9.5 4.9 Others 15.8 14.3 Total trade receivables $ 146.2 $ 61.7
Related Party Transactions Payables [Table Text Block]	Trade payables consisted of payables due to following related parties: (In millions) June 30, 2019 December 31, 2018 Chiyoda $ 21.4 $ 70.0 JGC Corporation 18.7 69.5 IFP Energies nouvelles 2.2 2.4 Magma Global Limited 0.6 0.6 Dofcon Navegacao 0.2 2.5 Anadarko Petroleum Company — 0.7 Others 2.5 2.9 Total trade payables $ 45.6 $ 148.6
Related Party Transactions Revenue and Expenses, Details [Table Text Block]	Revenue consisted of amount from following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 TP JGC Coral France SNC $ 51.0 $ 33.2 $ 77.7 $ 61.4 TTSJV W.L.L. 22.7 — 75.5 — Anadarko Petroleum Company 12.1 25.2 40.8 75.5 Dofcon Navegacao 1.6 — 5.7 — Others 15.1 1.8 26.5 15.8 Total revenue $ 102.5 $ 60.2 $ 226.2 $ 152.7 Expenses consisted of amount to following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 JGC Corporation $ 4.6 $ 4.5 $ 18.9 $ 19.6 Serimax Holdings SAS 0.2 — 17.7 — Chiyoda 3.4 3.4 17.6 11.1 Arkema S.A. 9.8 — 9.8 — Magma Global Limited 1.3 — 3.2 — IFP Energy nouvelles — 1.2 1.0 2.3 Others 5.8 1.4 9.6 3.7 Total expenses $ 25.1 $ 10.5 $ 77.8 $ 36.7

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of long-term debt	DEBT Long-term debt consisted of the following: (In millions) June 30, December 31, Revolving credit facility $ — $ — Bilateral credit facilities — — Commercial paper 1,431.2 1,916.1 Synthetic bonds due 2021 493.8 490.9 3.45% Senior Notes due 2022 500.0 500.0 5.00% 2010 Private placement notes due 2020 227.4 229.0 3.40% 2012 Private placement notes due 2022 170.6 171.8 3.15% 2013 Private placement notes due 2023 147.8 148.9 3.15% 2013 Private placement notes due 2023 142.2 143.1 4.00% 2012 Private placement notes due 2027 85.3 85.9 4.00% 2012 Private placement notes due 2032 113.7 114.5 3.75% 2013 Private placement notes due 2033 113.7 114.5 Bank borrowings 337.1 265.2 Other 29.7 23.2 Unamortized issuing fees (10.7 ) (11.4 ) Total debt 3,781.8 4,191.7 Less: current borrowings 80.7 67.4 Long-term debt $ 3,701.1 $ 4,124.3

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	Accumulated other comprehensive income (loss) consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2018 $ (1,234.4 ) $ (32.9 ) $ (92.4 ) $ (1,359.7 ) $ (4.0 ) Other comprehensive income (loss) before reclassifications, net of tax (2.6 ) 5.2 1.0 3.6 1.3 Reclassification adjustment for net losses (gains) included in net income, net of tax — 6.4 1.4 7.8 — Other comprehensive income (loss), net of tax (2.6 ) 11.6 2.4 11.4 1.3 June 30, 2019 $ (1,237.0 ) $ (21.3 ) $ (90.0 ) $ (1,348.3 ) $ (2.7 )
Reclassifications out of accumulated other comprehensive loss	Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 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 (losses) on hedging instruments Foreign exchange contracts $ (13.2 ) $ 1.1 $ (12.5 ) $ 3.6 Revenue 2.3 3.5 4.9 5.1 Cost of sales — (0.1 ) 0.1 — Selling, general and administrative expense 1.0 (0.1 ) (1.4 ) (4.7 ) Other income (expense), net (9.9 ) 4.4 (8.9 ) 4.0 Income (loss) before income taxes (3.2 ) 0.8 (2.5 ) 0.6 Provision for income taxes (Note 17) $ (6.7 ) $ 3.6 $ (6.4 ) $ 3.4 Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) (1.5 ) (0.3 ) (1.9 ) (0.3 ) (a) (1.5 ) (0.3 ) (1.9 ) (0.3 ) Income (loss) before income taxes (0.4 ) — (0.5 ) — Provision for income taxes (Note 17) $ (1.1 ) $ (0.3 ) $ (1.4 ) $ (0.3 ) Net income (loss) (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)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Impairment, restructuring and other expense	Impairment, restructuring and other expenses were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Subsea $ 4.5 $ 11.0 $ 6.8 $ 14.1 Onshore/Offshore 2.1 (9.1 ) 5.9 (5.6 ) Surface Technologies 1.2 4.3 2.7 6.7 Corporate and other 1.4 5.2 10.3 7.7 Total impairment, restructuring and other expenses $ 9.2 $ 11.4 $ 25.7 $ 22.9

Commitments And Contingent Li_2

Commitments And Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of guarantor obligations	Guarantees consisted of the following: (In millions) June 30, December 31, Financial guarantees (a) $ 949.8 $ 750.4 Performance guarantees (b) 4,093.9 4,047.6 Maximum potential undiscounted payments $ 5,043.7 $ 4,798.0 (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)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	At June 30, 2019 , we held the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Euro 631.5 718.1 Brazilian real 963.8 251.5 British pound 163.0 206.9 Norwegian krone 1,183.5 138.9 Malaysian ringgit 393.0 95.1 Singapore dollar 120.1 88.7 Japanese yen 8,447.0 78.4 Australian dollar 108.4 76.3 Mexican peso (287.0 ) (15.0 ) Canadian dollar (90.8 ) (69.3 ) U.S. dollar (1,270.0 ) (1,270.0 ) 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 June 30, 2019 , our portfolio of these instruments included the following material net positions: Net Notional Amount Bought (Sold) (In millions) USD Equivalent Brazilian real (14.0 ) (3.7 ) Euro (0.7 ) (0.8 ) Norwegian krone (5.1 ) (0.6 ) U.S. dollar 4.8 4.8
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: June 30, 2019 December 31, 2018 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 61.0 $ 108.8 $ 83.8 $ 127.7 Long-term - Derivative financial instruments 20.7 56.1 9.0 35.6 Total derivatives designated as hedging instruments 81.7 164.9 92.8 163.3 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 12.2 18.1 11.9 10.7 Long-term - Derivative financial instruments — — 0.1 0.1 Total derivatives not designated as hedging instruments 12.2 18.1 12.0 10.8 Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium 19.1 — 9.2 — Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives — 19.1 — 9.2 Total derivatives $ 113.0 $ 202.1 $ 114.0 $ 183.3
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 Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Foreign exchange contracts $ (13.6 ) $ (54.7 ) $ 3.0 $ (40.5 )
Schedule of gain (loss) recognized in income related to hedges and derivatives	The following represents the effect of cash flow hedge accounting on the consolidated statements of income for the three and six months ended June 30, 2019 and 2018 : (In millions) Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Cash Flow hedge gain (loss) recognized in income Foreign Exchange Contracts Amounts reclassified from accumulated OCI to income $ (13.2 ) $ 2.3 $ — $ 1.0 $ 1.1 $ 3.5 $ (0.1 ) $ (0.1 ) Amounts excluded from effectiveness testing (0.8 ) 1.9 — (12.5 ) 0.3 (0.9 ) — 0.7 Total cash flow hedge gain (loss) recognized in income (14.0 ) 4.2 — (11.5 ) 1.4 2.6 (0.1 ) 0.6 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1 ) (0.1 ) — 8.3 (1.2 ) 0.1 — 11.8 Total $ (14.1 ) $ 4.1 $ — $ (3.2 ) $ 0.2 $ 2.7 $ (0.1 ) $ 12.4 (In millions) Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Cash Flow hedge gain (loss) recognized in income Foreign Exchange Contracts Amounts reclassified from accumulated OCI to income $ (12.5 ) $ 4.9 $ 0.1 $ (1.4 ) $ 3.6 $ 5.1 $ — $ (4.7 ) Amounts excluded from effectiveness testing (1.1 ) (2.2 ) — (22.1 ) 0.8 (2.0 ) — 3.2 Total cash flow hedge gain (loss) recognized in income (13.6 ) 2.7 0.1 (23.5 ) 4.4 3.1 — (1.5 ) Gain (loss) recognized in income on derivatives not designated as hedging instruments (1.1 ) (0.1 ) — 5.0 (0.9 ) 0.2 — (1.6 ) Total $ (14.7 ) $ 2.6 $ 0.1 $ (18.5 ) $ 3.5 $ 3.3 $ — $ (3.1 )
Schedule of derivative assets, gross and net	The following tables present both gross information and net information of recognized derivative instruments: June 30, 2019 December 31, 2018 (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 $ 113.0 $ (92.0 ) $ 21.0 $ 114.0 $ (105.9 ) $ 8.1 Derivative liabilities $ 202.1 $ (92.0 ) $ 110.1 $ 183.3 $ (105.9 ) $ 77.4
Schedule of derivative liabilities, gross and net	The following tables present both gross information and net information of recognized derivative instruments: June 30, 2019 December 31, 2018 (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 $ 113.0 $ (92.0 ) $ 21.0 $ 114.0 $ (105.9 ) $ 8.1 Derivative liabilities $ 202.1 $ (92.0 ) $ 110.1 $ 183.3 $ (105.9 ) $ 77.4

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: June 30, 2019 December 31, 2018 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities (a) $ 50.4 $ 50.4 $ — $ — $ 40.4 $ 40.4 $ — $ — Money market fund 1.8 — 1.8 — 1.6 — 1.6 — Stable value fund (b) 1.4 — — — 0.5 — — — Held-to-maturity debt securities 60.0 — 60.0 — 20.0 — 20.0 — Derivative financial instruments Synthetic bonds - call option premium 19.1 — 19.1 — 9.2 — 9.2 — Foreign exchange contracts 93.9 — 93.9 — 104.8 — 104.8 — Asset held for sale 13.5 — — 13.5 9.6 — — 9.6 Total assets $ 240.1 $ 50.4 $ 174.8 $ 13.5 $ 186.1 $ 40.4 $ 135.6 $ 9.6 Liabilities Redeemable financial liability $ 412.8 $ — $ — $ 412.8 $ 408.5 $ — $ — $ 408.5 Derivative financial instruments Synthetic bonds - embedded derivatives 19.1 — 19.1 — 9.2 — 9.2 — Foreign exchange contracts 183.0 — 183.0 — 174.1 — 174.1 — Liabilities held for sale 20.1 — — 20.1 16.2 — — 16.2 Total liabilities $ 635.0 $ — $ 202.1 $ 432.9 $ 608.0 $ — $ 183.3 $ 424.7 (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: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2019 2018 2019 2018 Balance at beginning of period $ 318.3 $ 383.2 $ 408.5 $ 312.0 Less: Gains (losses) recognized in net interest expense (140.2 ) (49.1 ) (224.9 ) (120.3 ) Less: Settlements 45.7 124.2 220.6 124.2 Balance at end of period $ 412.8 $ 308.1 $ 412.8 $ 308.1

Basis Of Presentation and Sig_4

Basis Of Presentation and Significant Accounting Policies Restatement (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenues	$ 3,434.2	$ 2,960.9	$ 6,347.2	$ 6,086.1
Costs and Expenses	3,120.6	2,777.6	5,898.8	5,663.5
Net income attributable to TechnipFMC plc	$ 97	$ 105.7	$ 117.9	$ 200.8
Basic (usd per share)	$ 0.22	$ 0.23	$ 0.26	$ 0.43
Diluted (usd per share)	$ 0.21	$ 0.23	$ 0.26	$ 0.43
Basic (in shares)	447.5	461.4	447.7	462.8
Diluted (in shares)	451.2	463.3	451.9	464.2
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenues		$ 2,960.9		$ 6,086.1
Costs and Expenses		2,777.6		5,663.5
Net income attributable to TechnipFMC plc		$ 105.7		$ 200.8
Basic (usd per share)		$ 0.23		$ 0.43
Diluted (usd per share)		$ 0.23		$ 0.43
Basic (in shares)		461.4		462.8
Diluted (in shares)		463.3		464.2
Services
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 2,548.8	$ 2,066	$ 4,599.9	$ 4,340
Cost of goods and services sold	1,949.9	1,801.3	3,594.1	3,628.2
Services | Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		2,243.9		4,671.3
Cost of goods and services sold		1,846.9		3,799.4
Services | Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		(177.9)		(331.3)
Cost of goods and services sold		(45.6)		(171.2)
Products
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	832.8	841.6	1,632.1	1,643.4
Cost of goods and services sold	$ 771.6	589.7	$ 1,493.3	1,250.1
Products | Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		663.7		1,312.1
Cost of goods and services sold		544.1		1,078.9
Products | Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		177.9		331.3
Cost of goods and services sold		$ 45.6		$ 171.2

Business Combination Transact_2

Business Combination Transactions (Narrative) (Details) - USD ($) $ in Millions	Apr. 18, 2018	Jun. 30, 2018	Jan. 29, 2018
Island Offshore Subsea AS
Business Acquisition
Business Acquisition, Percentage of Voting Interests Acquired			51.00%
Cash consideration	$ 42.4
Goodwill, acquired	$ 85
Series of individually immaterial business acquisitions
Business Acquisition
Consideration transferred		$ 61

Lease Additional Information (N

Lease Additional Information (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019		Jun. 30, 2018	Jan. 01, 2019	Dec. 31, 2018	Jan. 01, 2016
Lessee, Lease, Description [Line Items]
Operating lease liability	$ 1,045.6	[1]		$ 1,189.6
Operating lease right-of-use assets	967.5			$ 1,115.5	$ 0
Adoption of accounting standards	1.8		$ (91.4)
Impact of Restatement on Opening Retained Earnings, Net of Tax						$ 42
Other Liabilities, Current	$ 1,796.5				1,771.6
Short-term lease, lease term	12 months
Operating Lease, Liability, Current	$ 270.8				0
Retained earnings	1,084				$ 1,072.2
Lease Agreements
Lessee, Lease, Description [Line Items]
Unrecorded Unconditional Purchase Obligation	$ 236.2
Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	10 years
Other Assets | Minimum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	60 days
Other Assets | Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	5 years
Commercial Real Estate | Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	15 years
Other Current Liabilities
Lessee, Lease, Description [Line Items]
Other Liabilities, Current						1,044.4
Other Liabilities
Lessee, Lease, Description [Line Items]
Other Liabilities						131.3
Retained Earnings
Lessee, Lease, Description [Line Items]
Retained earnings						3,231.4
Other Current Liabilities
Lessee, Lease, Description [Line Items]
Impact of Restatement on Opening Retained Earnings, Net of Tax						5
Other Liabilities
Lessee, Lease, Description [Line Items]
Impact of Restatement on Opening Retained Earnings, Net of Tax						$ 37
Retained Earnings
Lessee, Lease, Description [Line Items]
Adoption of accounting standards	$ 1.8		$ (91.5)
[1]	Includes the current portion of $270.8 million for operating leases.

Leases Components of Lease Expe

Leases Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases expenses [Abstract]
Operating lease cost including variable costs	$ 92	$ 183.4
Short-term lease costs	9.4	14.9
Less: sublease income	1.7	4
Net lease cost	$ 99.7	$ 194.3

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information Related to Leases (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Supplemental Cash Flow Information [Abstract]
Operating cash flows from operating leases	$ 181.7
Operating leases	$ 23.8

Leases Supplemental Balance She

Leases Supplemental Balance Sheet Information Related to Leases (Details)	Jun. 30, 2019
Supplemental Balance Sheet Information [Abstract]
Operating leases, Weighted Average Remaining Lease Term	7 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	4.30%

Leases Maturities of lease liab

Leases Maturities of lease liabilities (Details) - USD ($) $ in Millions		Jun. 30, 2019		Jan. 01, 2019	Dec. 31, 2018
Maturities of lease liabilities [Line Items]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year		$ 333.7
Lessee, Operating Lease, Liability, Payments, Due Year Two		249.5
Lessee, Operating Lease, Liability, Payments, Due Year Three		138.3
Lessee, Operating Lease, Liability, Payments, Due Year Four		104.7
Lessee, Operating Lease, Liability, Payments, Due Year Five		82.1
Lessee, Operating Lease, Liability, Payments, Due after Year Five		369.5
Lessee, Operating Lease, Liability, Payments, Due		1,277.8
Lessee, Operating Lease, Imputed interest	[1]	232.2
Operating lease liability		$ 1,045.6	[2]	$ 1,189.6
Operating Leases, Future Minimum Payments Due, Next Twelve Months					$ 329.8
Operating Leases, Future Minimum Payments, Due in Two Years					286.1
Operating Leases, Future Minimum Payments, Due in Three Years					192.3
Operating Leases, Future Minimum Payments, Due in Four Years					123.8
Operating Leases, Future Minimum Payments, Due in Five Years					102.1
Operating Leases, Future Minimum Payments, Due Thereafter					485.6
Operating Leases, Future Minimum Payments Due					1,519.7
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals					25.6
Operating Leases, Future Minimum Payments Due, Net of Future Sublease Rental Income					$ 1,494.1
[1]	Calculated using the interest rate for each lease.
[2]	Includes the current portion of $270.8 million for operating leases.

Lease Revenue (Details)

Lease Revenue (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases Revenue [Abstract]
Operating lease revenue including variable revenue	$ 52.6	$ 115.2

Leases Maturities of Lease Rece

Leases Maturities of Lease Receivables (Details) $ in Millions	Jun. 30, 2019USD ($)
Maturities of lease receivables [Abstract]
Lessor, Operating Lease, Payments to be Received, Remainder of Fiscal Year	$ 26
Lessor, Operating Lease, Payments to be Received, Two Years	14.2
Lessor, Operating Lease, Payments to be Received, Three Years	18.3
Lessor, Operating Lease, Payments to be Received, Four Years	20.6
Lessor, Operating Lease, Payments to be Received, Five Years	1
Lessor, Operating Lease, Payments to be Received, Thereafter	0
Lessor, Operating Lease, Payments to be Received	$ 80.1

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue, Geographical (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Lease revenue		$ 52.6		$ 53.3		$ 115.2	$ 102.7
Total revenue		3,434.2		2,960.9		6,347.2	6,086.1
Services
Disaggregation of Revenue [Line Items]
Revenue		2,548.8		2,066		4,599.9	4,340
Products
Disaggregation of Revenue [Line Items]
Revenue		832.8		841.6		1,632.1	1,643.4
Subsea
Disaggregation of Revenue [Line Items]
Revenue		1,488.5	[1]	1,184		2,645.9	2,338.4	[1]
Lease revenue	[2]	20.2		33.4		48.1	59.2
Subsea | Services
Disaggregation of Revenue [Line Items]
Revenue		970.2		656.5	[1]	1,615.8	1,309.4	[1]
Subsea | Products
Disaggregation of Revenue [Line Items]
Revenue		518.3		527.5	[1]	1,030.1	1,029	[1]
Subsea | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue		459.6		409.4		859.2	714.9
Subsea | America
Disaggregation of Revenue [Line Items]
Revenue		341.8		331.3		718.9	781.9
Subsea | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue		177.7		137.9		277.4	249.9
Subsea | Africa
Disaggregation of Revenue [Line Items]
Revenue		373.8		261.6		519.6	541.4
Subsea | Middle East
Disaggregation of Revenue [Line Items]
Revenue		135.6		43.8		270.8	50.3
Onshore/Offshore
Disaggregation of Revenue [Line Items]
Revenue		1,505		1,342.4		2,840.1	2,915.8
Lease revenue	[2]	0		0		0	0
Onshore/Offshore | Services
Disaggregation of Revenue [Line Items]
Revenue		1,505		1,342.4		2,840.1	2,915.8
Onshore/Offshore | Products
Disaggregation of Revenue [Line Items]
Revenue		0		0		0	0
Onshore/Offshore | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue		651.2		705.5		1,292.8	1,706.4
Onshore/Offshore | America
Disaggregation of Revenue [Line Items]
Revenue		196.9		90.9		357.3	163.6
Onshore/Offshore | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue		275.5		310.6		577.4	605.9
Onshore/Offshore | Africa
Disaggregation of Revenue [Line Items]
Revenue		111.1		76.9		171.5	147.5
Onshore/Offshore | Middle East
Disaggregation of Revenue [Line Items]
Revenue		270.3		158.5		441.1	292.4
Surface Technologies
Disaggregation of Revenue [Line Items]
Revenue		388.1		381.2		746	729.2
Lease revenue	[2]	32.4		19.9		67.1	43.5
Surface Technologies | Services
Disaggregation of Revenue [Line Items]
Revenue		73.6		67.1		144	114.8
Surface Technologies | Products
Disaggregation of Revenue [Line Items]
Revenue		314.5		314.1		602	614.4
Surface Technologies | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue		60		58.3		115.8	106.5
Surface Technologies | America
Disaggregation of Revenue [Line Items]
Revenue		199.9		237.5		393.1	445
Surface Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue		44.1		29.7		89.1	51.8
Surface Technologies | Africa
Disaggregation of Revenue [Line Items]
Revenue		14.9		11.4		26.2	27.1
Surface Technologies | Middle East
Disaggregation of Revenue [Line Items]
Revenue		69.2		44.3		121.8	98.8
Restatement Adjustment | Services
Disaggregation of Revenue [Line Items]
Revenue				(177.9)			(331.3)
Restatement Adjustment | Products
Disaggregation of Revenue [Line Items]
Revenue				177.9			331.3
Operating Segments | Subsea
Disaggregation of Revenue [Line Items]
Total revenue		1,508.7		1,217.4		2,694	2,397.6
Operating Segments | Onshore/Offshore
Disaggregation of Revenue [Line Items]
Total revenue		1,505		1,342.4		2,840.1	2,915.8
Operating Segments | Surface Technologies
Disaggregation of Revenue [Line Items]
Total revenue		$ 420.5		$ 401.1		$ 813.1	$ 772.7
[1]	We revised the condensed consolidated statement of operations to correct the classification of service revenue and product revenue in the amount of $177.9 million and $331.3 million for three and six months ended June 30, 2018 , respectively. See Note 1 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to the revision.
[2]	Represents revenue not subject to ASC Topic 606. See Note 4 to our condensed consolidated financial statements of this Quarterly Report for additional disclosure related to lease revenue.

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,612.4		$ 1,612.4		$ 1,295
Contract liabilities	4,354.6		4,354.6		4,085.1
Net contract assets (liabilities)	(2,742.2)		(2,742.2)		$ (2,790.1)
Contract assets, increase (decrease)			$ 317.4
Contract with Customer, Asset, Net, Current, Increase (Decrease), Percent			24.50%
Contract (liabilities), (increase) decrease			$ (269.5)
Contract with Customer Liability, Current, Increase (Decrease), Percent			6.60%
Net contract assets (liabilities), increase (decrease)			$ 47.9
Contract Assets (Liabilities), Current, Net, Increase (Decrease), Percent			1.70%
Contract with Customer, Liability, Revenue Recognized	1,147.1	$ 601.4	$ 2,014.3	$ 1,437.7
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 325.7	$ 136.4	$ 493.4	$ 306.8

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Jun. 30, 2019USD ($)
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	$ 6,126.8
Revenue, remaining performance obligation, percentage	23.80%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 2,480.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31 | Onshore/Offshore
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	3,252.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-31 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	393.6
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	$ 8,257.2
Revenue, remaining performance obligation, percentage	76.20%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-31 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 3,465.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-31 | Onshore/Offshore
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	4,758.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-31 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	33
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	11,397.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-31 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	2,801
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-31 | Onshore/Offshore
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	8,596.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-31 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 0

Business Segments (Schedule Of

Business Segments (Schedule Of Segment Revenue And Segment Operating Profit) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information
Revenue		$ 3,434.2	$ 2,960.9	$ 6,347.2	$ 6,086.1
Total segment operating profit		394.1	298.7	610.2	586.6
Corporate expense	[1]	(138.9)	(73)	(232.5)	(132.8)
Net interest expense		140.6	50.9	228.8	138.3
Total corporate items		(279.5)	(123.9)	(461.3)	(271.1)
Income (loss) before income taxes	[2]	114.6	174.8	148.9	315.5
Operating Segments | Subsea
Segment Reporting Information
Revenue		1,508.7	1,217.4	2,694	2,397.6
Total segment operating profit		94.6	75.9	144.5	130.3
Operating Segments | Onshore/Offshore
Segment Reporting Information
Revenue		1,505	1,342.4	2,840.1	2,915.8
Total segment operating profit		274	171.3	429.7	374.2
Operating Segments | Surface Technologies
Segment Reporting Information
Revenue		420.5	401.1	813.1	772.7
Total segment operating profit		$ 25.5	$ 51.5	$ 36	$ 82.1
[1]	Corporate expense primarily includes corporate staff expenses, legal reserve, share-based compensation expenses, other employee benefits, certain foreign exchange gains and losses, and merger transaction and integration expenses.
[2]	Includes amounts attributable to noncontrolling interests.

Business Segments (Segment Oper

Business Segments (Segment Operating Capital Employed And Segment Assets) (Details) - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Segment Reporting Information
Total assets		$ 25,512.7	$ 24,784.5
Operating Segments
Segment Reporting Information
Total assets		19,507.4	18,192.2
Operating Segments | Subsea
Segment Reporting Information
Total assets		12,237.1	11,037.8
Operating Segments | Onshore/Offshore
Segment Reporting Information
Total assets		4,311.8	4,355.2
Operating Segments | Surface Technologies
Segment Reporting Information
Total assets		2,988.2	2,825.6
Intercompany eliminations
Segment Reporting Information
Total assets		(29.7)	(26.4)
Corporate
Segment Reporting Information
Total assets	[1]	$ 6,005.3	$ 6,592.3
[1]	Corporate includes cash, deferred income tax balances, legal provisions, property, plant and equipment not associated with a specific segment, pension assets, the fair value of derivative financial instruments, and LIFO adjustments.

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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share
Net income attributable to TechnipFMC plc	$ 97	$ 105.7	$ 117.9	$ 200.8
Weighted average number of shares outstanding (in shares)	447.5	461.4	447.7	462.8
Total shares and dilutive securities (in shares)	451.2	463.3	451.9	464.2
Basic earnings per share attributable to TechnipFMC plc (usd per share)	$ 0.22	$ 0.23	$ 0.26	$ 0.43
Diluted earnings per share attributable to technipFMC plc (usd per share)	$ 0.21	$ 0.23	$ 0.26	$ 0.43
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	1.6	0.2	1.8	0
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	0	0.4	0	0.1
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	2.1	1.3	2.4	1.3

Inventories (Components Of Inve

Inventories (Components Of Inventories) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 359.3	$ 366.4
Work in process	227.3	146.4
Finished goods	800.4	738.4
Inventories, net	$ 1,387	$ 1,251.2

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Other Current Assets and Other Current Liabilities [Abstract]
Value-added tax receivables	$ 420	$ 305.8
Prepaid expenses	109.7	91.3
Other taxes receivables	86.7	85
Sundry receivables	85.2	87
Asset held for sale	19.1	9.6
Other	88.3	76.9
Total other current assets	$ 809	$ 655.6

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Other Current Assets and Other Current Liabilities [Abstract]
Legal provisions	$ 426.5	$ 418.2
Warranty accruals and project contingencies	363.3	418.2
Redeemable financial liability	251.7	173
Value added tax and other taxes payable	232.4	214.3
Social security liability	108.2	112.3
Provisions	88.2	135.5
Compensation accrual	63.5	87.3
Liabilities held for sale	21.7	16.2
Current portion of accrued pension and other post-retirement benefits	14.3	14
Other accrued liabilities	226.7	182.6
Total other current liabilities	$ 1,796.5	$ 1,771.6

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of Equity Method Investments
Income from equity affiliates	$ 14.2	$ 40.2	$ 28.1	$ 54.2
Subsea
Schedule of Equity Method Investments
Income from equity affiliates	11.3	19.7	26.2	36.3
Onshore/Offshore
Schedule of Equity Method Investments
Income from equity affiliates	$ 2.9	$ 20.5	$ 1.9	$ 17.9

Related Party Transactions Sche

Related Party Transactions Schedule of Related Party Transactions (Tables) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Trade receivables	$ 146.2		$ 146.2		$ 61.7
Trade payables	45.6		45.6		148.6
Revenue	102.5	$ 60.2	226.2	$ 152.7
Expenses	25.1	10.5	77.8	36.7
TP JGC Coral France SNC | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	79.1		79.1		31.6
Revenue	51	33.2	77.7	61.4
TTSJV W.L.L. | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	30.6		30.6		0
TTSJV W.L.L. | Board of Directors Chairman
Related Party Transaction [Line Items]
Revenue	22.7	0	75.5	0
Technip Odebrecht PLSV CV | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	11.2		11.2		10.9
Serimax Holdings SAS | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	0.2	0	17.7	0
Chiyoda
Related Party Transaction [Line Items]
Trade payables	21.4		21.4		70
Chiyoda | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	3.4	3.4	17.6	11.1
JGC Corporation
Related Party Transaction [Line Items]
Trade payables	18.7		18.7		69.5
JGC Corporation | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	4.6	4.5	18.9	19.6
Arkema S.A. | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	9.8	0	9.8	0
IFP Energies nouvelles | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	0	1.2	1	2.3
IFP Energies nouvelles | Board of Directors Chairman
Related Party Transaction [Line Items]
Trade payables	2.2		2.2		2.4
Magma Global Limited | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables	0.6		0.6		0.6
Magma Global Limited | Board of Directors Chairman
Related Party Transaction [Line Items]
Expenses	1.3	0	3.2	0
Dofcon Navegacao | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables	0.2		0.2		2.5
Revenue	1.6	0	5.7	0
Anadarko Petroleum Company | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables	0		0		0.7
Revenue	12.1	25.2	40.8	75.5
Anadarko Petroleum Company | Board of Directors Chairman
Related Party Transaction [Line Items]
Trade receivables	9.5		9.5		4.9
Others | Other Affiliates
Related Party Transaction [Line Items]
Trade receivables	15.8		15.8		14.3
Trade payables	2.5		2.5		$ 2.9
Revenue	15.1	1.8	26.5	15.8
Expenses	$ 5.8	$ 1.4	$ 9.6	$ 3.7

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Note receivables	$ 100.2	$ 130
Dofcon Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Note receivables	$ 100.2	$ 119.9

Debt (Schedule Of Long-Term Deb

Debt (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument
Unamortized issuing fees	$ (10.7)	$ (11.4)
Total debt	3,781.8	4,191.7
Less: current borrowings	80.7	67.4
Long-term debt	3,701.1	4,124.3
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	1,431.2	1,916.1
Synthetic bonds due 2021
Debt Instrument
Long-term debt, gross	$ 493.8	$ 490.9
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	$ 227.4	$ 229
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	$ 170.6	$ 171.8
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	$ 147.8	$ 148.9
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	$ 142.2	$ 143.1
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	$ 85.3	$ 85.9
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	$ 113.7	$ 114.5
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	$ 113.7	$ 114.5
Bank borrowings
Debt Instrument
Long-term debt, gross	337.1	265.2
Other
Debt Instrument
Long-term debt, gross	$ 29.7	$ 23.2

Debt (Bilateral Credit Faciliti

Debt (Bilateral Credit Facilities) (Details) - Line of Credit - Bilateral Credit Facility	Jun. 30, 2019EUR (€)
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 € in Billions, $ in Billions	Jun. 30, 2019USD ($)	Jun. 30, 2019EUR (€)
U.S. dollar
Debt Instrument
Maximum borrowing capacity | $	$ 1.5
Long term debt, weighted average interest rate	2.78%	2.78%
Euro
Debt Instrument
Maximum borrowing capacity | €		€ 1
Long term debt, weighted average interest rate	(0.22%)	(0.22%)

Debt (Other long-term debt) (De

Debt (Other long-term debt) (Details) - Sale Leaseback Transaction [Member] $ in Millions	Jun. 30, 2019USD ($)
Sale Leaseback Transaction [Line Items]
Long-term debt, gross	$ 96.2
Sale Leaseback Transaction, Historical Cost	$ 116.8

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 11, 2018
Stockholders' Equity Note [Abstract]
Dividends paid			$ 116,600,000	$ 120,200,000
Stock repurchase program, authorized amount					$ 300,000,000
Shares repurchased (in shares)			4
Shares repurchased, value	$ 40,000,000	$ 149,400,000	$ 90,100,000	$ 242,000,000

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 10,373.6	$ 13,239.8	$ 10,388.9	$ 13,367.4
Other comprehensive income (loss)	(24.7)	(188.8)	12.7	(175.4)
Ending balance	10,380.4	$ 12,965.9	10,380.4	$ 12,965.9
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(1,234.4)
Other comprehensive income (loss) before reclassifications, net of tax			(2.6)
Reclassification adjustment for net losses (gains) included in net income, net of tax			0
Other comprehensive income (loss)			(2.6)
Ending balance	(1,237)		(1,237)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(32.9)
Other comprehensive income (loss) before reclassifications, net of tax			5.2
Reclassification adjustment for net losses (gains) included in net income, net of tax			6.4
Other comprehensive income (loss)			11.6
Ending balance	(21.3)		(21.3)
Defined Pension and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(92.4)
Other comprehensive income (loss) before reclassifications, net of tax			1
Reclassification adjustment for net losses (gains) included in net income, net of tax			1.4
Other comprehensive income (loss)			2.4
Ending balance	(90)		(90)
Accumulated Other Comprehensive Loss attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(1,359.7)
Other comprehensive income (loss) before reclassifications, net of tax			3.6
Reclassification adjustment for net losses (gains) included in net income, net of tax			7.8
Other comprehensive income (loss)			11.4
Ending balance	(1,348.3)		(1,348.3)
Accumulated Other Comprehensive Loss attributable to Noncontrolling interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(4)
Other comprehensive income (loss) before reclassifications, net of tax			1.3
Reclassification adjustment for net losses (gains) included in net income, net of tax			0
Other comprehensive income (loss)			1.3
Ending balance	$ (2.7)		$ (2.7)

Stockholder's Equity (Reclassif

Stockholder's Equity (Reclassification out of Other Comprehensive Income) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification out of Accumulated Other Comprehensive Income
Revenue		$ 3,434.2	$ 2,960.9	$ 6,347.2	$ 6,086.1
Selling, general and administrative expense		(323.8)	(281.4)	(621.6)	(584.5)
Other income (expense), net		(72.6)	2.2	(98.8)	(23)
Income (loss) before income taxes	[1]	114.6	174.8	148.9	315.5
Provision for income taxes (Note 17)		0.9	64.7	15.4	114
Net income (loss)		113.7	110.1	133.5	201.5
Amount Reclassified out of Accumulated Other Comprehensive Loss
Reclassification out of Accumulated Other Comprehensive Income
Amortization of prior service credit (cost)	[2]	(1.5)	(0.3)	(1.9)	(0.3)
Income (loss) before income taxes		(1.5)	(0.3)	(1.9)	(0.3)
Provision for income taxes (Note 17)		(0.4)	0	(0.5)	0
Net income (loss)		(1.1)	(0.3)	(1.4)	(0.3)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging
Reclassification out of Accumulated Other Comprehensive Income
Revenue		(13.2)	1.1	(12.5)	3.6
Cost of sales		2.3	3.5	4.9	5.1
Selling, general and administrative expense		0	(0.1)	0.1	0
Other income (expense), net		1	(0.1)	(1.4)	(4.7)
Income (loss) before income taxes		(9.9)	4.4	(8.9)	4
Provision for income taxes (Note 17)		(3.2)	0.8	(2.5)	0.6
Net income (loss)		$ (6.7)	$ 3.6	$ (6.4)	$ 3.4
[1]	Includes amounts attributable to noncontrolling interests.
[2]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - TechnipFMC plc Incentive Award Plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 11, 2017
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	$ 21.1	$ 12.9	$ 41.5	$ 25.8

Impairment, Restructuring and_3

Impairment, Restructuring and Other Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring and Impairment
Impairment, restructuring and other expenses	$ 9.2	$ 11.4	$ 25.7	$ 22.9
Subsea
Restructuring and Impairment
Impairment, restructuring and other expenses	4.5	11	6.8	14.1
Onshore/Offshore
Restructuring and Impairment
Impairment, restructuring and other expenses	2.1	(9.1)	5.9	(5.6)
Surface Technologies
Restructuring and Impairment
Impairment, restructuring and other expenses	1.2	4.3	2.7	6.7
Corporate and other
Restructuring and Impairment
Impairment, restructuring and other expenses	$ 1.4	$ 5.2	$ 10.3	$ 7.7

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted		$ 5,043.7	$ 4,798
Litigation Settlement, Expense		301.3
Estimated Litigation Liability		$ 70
Indirect guarantee of indebtedness
Guarantor Obligations
Guarantor obligations, term of obligation		P5Y
Financial guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	[1]	$ 949.8	750.4
Performance guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	[2]	$ 4,093.9	$ 4,047.6
[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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	0.80%	37.00%	10.30%	36.10%

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash flow hedges of forecasted transactions, net of tax, in accumulated OCI gain (loss)	$ (21.4)	$ (33)
Cash flow hedge gain (loss) expected to be reclassified within 12 months	$ (2.8)
Hedges maturity year	2023

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule Of Notional Amounts Of Outstanding Derivative Positions) (Details) - Jun. 30, 2019 € 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	USD ($)	CAD ($)	BRL (R$)	NOK (kr)	SGD ($)	MYR (RM)	EUR (€)	GBP (£)	JPY (¥)	MXN ($)	AUD ($)
Foreign Exchange Forward | Euro | Notional Amount Bought
Derivative
Derivative, notional amount	$ 718.1						€ 631.5
Foreign Exchange Forward | Brazilian real | Notional Amount Bought
Derivative
Derivative, notional amount	251.5		R$ 963.8
Foreign Exchange Forward | British pound | Notional Amount Bought
Derivative
Derivative, notional amount	206.9							£ 163
Foreign Exchange Forward | Norwegian krone | Notional Amount Bought
Derivative
Derivative, notional amount	138.9			kr 1,183.5
Foreign Exchange Forward | Malaysian ringgits | Notional Amount Bought
Derivative
Derivative, notional amount	95.1					RM 393
Foreign Exchange Forward | Singapore dollar | Notional Amount Bought
Derivative
Derivative, notional amount	88.7				$ 120.1
Foreign Exchange Forward | Japanese yen | Notional Amount Bought
Derivative
Derivative, notional amount	78.4								¥ 8,447
Foreign Exchange Forward | Australian dollar | Notional Amount Bought
Derivative
Derivative, notional amount	76.3										$ 108.4
Foreign Exchange Forward | Mexican peso | Notional Amount Sold
Derivative
Derivative, notional amount	15									$ 287
Foreign Exchange Forward | Canadian dollar | Notional Amount Sold
Derivative
Derivative, notional amount	69.3	$ 90.8
Foreign Exchange Forward | U.S. dollar | Notional Amount Sold
Derivative
Derivative, notional amount	1,270
Derivative financial instruments – Embedded Derivatives | Euro | Notional Amount Sold
Derivative
Derivative, notional amount	0.8						€ 0.7
Derivative financial instruments – Embedded Derivatives | Brazilian real | Notional Amount Sold
Derivative
Derivative, notional amount	3.7		R$ 14.0
Derivative financial instruments – Embedded Derivatives | Norwegian krone | Notional Amount Sold
Derivative
Derivative, notional amount	0.6			kr 5.1
Derivative financial instruments – Embedded Derivatives | U.S. dollar | Notional Amount Bought
Derivative
Derivative, notional amount	$ 4.8

Derivative Financial Instrume_5

Derivative Financial Instruments (Fair Value Of Derivative Instruments In Balance Sheets) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Derivatives, Fair Value
Derivative assets	$ 113		$ 113		$ 114
Derivative liabilities	202.1		202.1		183.3
Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	19.1		19.1		9.2
Derivative liabilities	0		0		0
Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	0		0		0
Derivative liabilities	19.1		19.1		9.2
Derivatives Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	81.7		81.7		92.8
Derivative liabilities	164.9		164.9		163.3
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	61		61		83.8
Derivative liabilities	108.8		108.8		127.7
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	20.7		20.7		9
Derivative liabilities	56.1		56.1		35.6
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	12.2		12.2		12
Derivative liabilities	18.1		18.1		10.8
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	12.2		12.2		11.9
Derivative liabilities	18.1		18.1		10.7
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Long-Term - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	0		0		0.1
Derivative liabilities	0		0		$ 0.1
Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (13.6)	$ (54.7)	$ 3	$ (40.5)

Derivative Financial Instrume_6

Derivative Financial Instruments (Location of gain (loss) recognized in income related to hedges and derivatives) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Revenues	$ 3,434.2	$ 2,960.9	$ 6,347.2	$ 6,086.1
Selling, general and administrative expense	(323.8)	(281.4)	(621.6)	(584.5)
Other income (expense), net	(72.6)	2.2	(98.8)	(23)
Sales [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(0.1)	(1.2)	(1.1)	(0.9)
Total gain (loss) recognized in income associated with hedges and derivatives	(14.1)	0.2	(14.7)	3.5
Cost of Sales [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(0.1)	0.1	(0.1)	0.2
Total gain (loss) recognized in income associated with hedges and derivatives	4.1	2.7	2.6	3.3
Selling, General and Administrative Expenses [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	0	0	0
Total gain (loss) recognized in income associated with hedges and derivatives	0	(0.1)	0.1	0
Other Nonoperating Income (Expense) [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	8.3	11.8	5	(1.6)
Total gain (loss) recognized in income associated with hedges and derivatives	(3.2)	12.4	(18.5)	(3.1)
Cash Flow Hedging | Sales [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	(0.8)	0.3	(1.1)	0.8
Total cash flow hedge gain (loss) recognized in income	(14)	1.4	(13.6)	4.4
Cash Flow Hedging | Cost of Sales [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	1.9	(0.9)	(2.2)	(2)
Total cash flow hedge gain (loss) recognized in income	4.2	2.6	2.7	3.1
Cash Flow Hedging | Selling, General and Administrative Expenses [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	0	0	0	0
Total cash flow hedge gain (loss) recognized in income	0	(0.1)	0.1	0
Cash Flow Hedging | Other Nonoperating Income (Expense) [Member] | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	(12.5)	0.7	(22.1)	3.2
Total cash flow hedge gain (loss) recognized in income	(11.5)	0.6	(23.5)	(1.5)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Amount Reclassified out of Accumulated Other Comprehensive Loss | Cash Flow Hedging | Foreign exchange contracts
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Revenues	(13.2)	1.1	(12.5)	3.6
Cost of Revenue	2.3	3.5	4.9	5.1
Selling, general and administrative expense	0	(0.1)	0.1	0
Other income (expense), net	$ 1	$ (0.1)	$ (1.4)	$ (4.7)

Derivative Financial Instrume_7

Derivative Financial Instruments (Offsetting Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Derivative assets
Gross Amount Recognized	$ 113	$ 114
Gross Amounts Not Offset, But Permitted Under Master Netting Agreements	(92)	(105.9)
Net Amount	21	8.1
Derivative liabilities
Gross Amount Recognized	202.1	183.3
Gross Amounts Not Offset Permitted Under Master Netting Agreements	(92)	(105.9)
Net Amount	$ 110.1	$ 77.4

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Jan. 29, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Mandatorily redeemable financial liability	$ 412.8	$ 318.3	$ 408.5	$ 308.1	$ 383.2		$ 312
Increase in liability due to one percentage point decrease in discount rate	3.3
Redeemable Noncontrolling Interest	$ 38.5		38.5
Derivative, Credit Risk Related Contingent Features, Existence and Nature	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.
Debt, carrying value	$ 1,983.8		1,998.6
Debt, fair value	$ 2,155.7		$ 2,109.7
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 (Assets

Fair Value Measurements (Assets And Liabilities Measured On A Recurring Basis) (Details) - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		$ 21	$ 8.1
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		110.1	77.4
Liabilities held for sale		21.7	16.2
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]	50.4	40.4
Held-to-maturity debt securities		60	20
Asset held for sale		13.5	9.6
Total assets		240.1	186.1
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale		20.1	16.2
Total liabilities		635	608
Fair Value, Measurements, Recurring | Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		19.1	9.2
Fair Value, Measurements, Recurring | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		93.9	104.8
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		183	174.1
Fair Value, Measurements, Recurring | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		19.1	9.2
Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]	50.4	40.4
Held-to-maturity debt securities		0	0
Asset held for sale		0	0
Total assets		50.4	40.4
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale		0	0
Total liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		0	0
Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]	0	0
Held-to-maturity debt securities		60	20
Asset held for sale		0	0
Total assets		174.8	135.6
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale		0	0
Total liabilities		202.1	183.3
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		19.1	9.2
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		93.9	104.8
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		183	174.1
Fair Value, Measurements, Recurring | Level 2 | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		19.1	9.2
Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]	0	0
Held-to-maturity debt securities		0	0
Asset held for sale		13.5	9.6
Total assets		13.5	9.6
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale		20.1	16.2
Total liabilities		432.9	424.7
Fair Value, Measurements, Recurring | Level 3 | Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		0	0
Redeemable financial liability | Fair Value, Measurements, Recurring
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability		412.8	408.5
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		412.8	408.5
Nonqualified Plan [Member] | Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Money market fund		1.8	1.6
Stable Value Fund	[2]	1.4	0.5
Nonqualified Plan [Member] | Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Money market fund		0	0
Stable Value Fund	[2]	0	0
Nonqualified Plan [Member] | Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Money market fund		1.8	1.6
Stable Value Fund	[2]	0	0
Nonqualified Plan [Member] | Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Money market fund		0	0
Stable Value Fund	[2]	$ 0	$ 0
[1]	Includes fixed income and other investments measured at fair value.
[2]	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.

Fair Value Measurements (Level

Fair Value Measurements (Level 3 Reconciliation) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 318.3	$ 383.2	$ 408.5	$ 312
Less: Gains (losses) recognized in net interest expense	(140.2)	(49.1)	(224.9)	(120.3)
Less: Settlements	45.7	124.2	220.6	124.2
Balance at end of period	$ 412.8	$ 308.1	$ 412.8	$ 308.1

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Jul. 24, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Litigation Settlement, Expense		$ 301.3
Subsequent Event
Subsequent Event [Line Items]
Payments for Legal Settlements	$ 160