TechnipFMC (FTI) 10-Q 2 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 28, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
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		449,408,233
Entity Central Index Key	0001681459
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Revenue:
Lease revenue	$ 29.8	$ 85.7	$ 105.7		$ 200.9
Total revenue	3,335.7	3,335.1	9,624.5		9,682.3
Costs and expenses
Lease, Cost	28.2	56.5	90.3		126.2
Selling, general and administrative expense	252	298.1	780.8		919.7
Research and development expense	35.4	40.6	108.8		110
Impairment, restructuring and other expenses (Note 17)	92	140.3	3,440.7		166
Separation costs (Note 2)	0	9.4	27.1		9.4
Merger transaction and integration costs		6.2			31.2
Total costs and expenses	3,255	3,221	12,575.7		9,119.8
Other income (expense), net	28.9	(57.7)	(9.3)		(156.5)
Income from equity affiliates (Note 11)	11.1	25.9	52.9		54
Income (loss) before net interest expense and income taxes	120.7	82.3	(2,907.6)		460
Net interest expense	(91.8)	(116.5)	(238.5)		(345.3)
Income (loss) before income taxes	28.9	(34.2)	(3,146.1)	[1]	114.7	[1]
Provision for income taxes (Note 19)	22.5	81.1	77.9		96.5
Net income (loss)	6.4	(115.3)	(3,224)		18.2
Net income attributable to non-controlling interests	(10.3)	(3.8)	(24.3)		(19.4)
Net loss attributable to TechnipFMC plc	$ (3.9)	$ (119.1)	$ (3,248.3)		$ (1.2)
Earnings (loss) per share attributable to TechnipFMC plc (Note 7)
Basic (usd per share)	$ (0.01)	$ (0.27)	$ (7.24)
Diluted (usd per share)	$ (0.01)	$ (0.27)	$ (7.24)		$ 0
Weighted average shares outstanding (Note 7)
Basic (in shares)	449.4	446.9	448.4		448.6
Diluted (in shares)	449.4	446.9	448.4		448.6
Services
Revenue:
Revenue	$ 2,479	$ 2,409.6	$ 7,101.9		$ 7,009.5
Costs and expenses
Cost of goods and services sold	2,195.1	1,926	6,158		5,520.1
Products
Revenue:
Revenue	826.9	839.8	2,416.9		2,471.9
Costs and expenses
Cost of goods and services sold	$ 652.3	$ 743.9	$ 1,970		$ 2,237.2
[1]	Includes amounts attributable to non-controlling interests.

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income (loss)		$ 6.4	$ (115.3)	$ (3,224)	$ 18.2
Foreign currency translation adjustments
Foreign currency translation adjustments(a)	[1]	(10.4)	(42.5)	(213.2)	(43.8)
Net gains (losses) on hedging instruments
Net gains (losses) arising during the period		44.7	(37.3)	(10.6)	(32.1)
Reclassification adjustment for net (gains) losses included in net income		3.9	(17.1)	8.7	(10.7)
Net gains (losses) on hedging instruments(b)	[2]	48.6	(54.4)	(1.9)	(42.8)
Pension and other post-retirement benefits:
Net gains (losses) arising during the period		(2.6)	0.4	(0.4)	1.4
Reclassification adjustment for amortization of prior service cost included in net income		0.3	0.9	0.8	2.3
Reclassification adjustment for amortization of net actuarial loss included in net income		2.3	0	6.7	0
Net pension and other postretirement benefits(c)	[3]	0	1.3	7.1	3.7
Other comprehensive income (losses), net of tax		38.2	(95.6)	(208)	(82.9)
Comprehensive income (loss)		44.6	(210.9)	(3,432)	(64.7)
Comprehensive (income) loss attributable to non-controlling interest		(11.8)	0.6	(17.9)	(16.3)
Comprehensive income (loss) attributable to TechnipFMC plc		32.8	(210.3)	(3,449.9)	(81)
Foreign currency translation adjustments, tax (expense) benefit		0	7.9	0	7.9
Net gains (losses) on hedging instruments, tax (expense) benefit		(13.1)	14.4	2.7	14.1
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax		$ 1.7	$ (0.2)	$ (0.2)	$ 0.4
[1]	Net of income tax benefit of nil and $7.9 million for the three months ended September 30, 2020 and 2019, respectively, and nil and $7.9 million for the nine months ended September 30, 2020 and 2019, respectively
[2]	Net of income tax (expense) benefit of $(13.1) million and $14.4 million for the three months ended September 30, 2020 and 2019, respectively, and $2.7 million and $14.1 million for the nine months ended September 30, 2020 and 2019, respectively.
[3]	Net of income tax (expense) benefit of $1.7 million and $(0.2) million for the three months ended September 30, 2020 and 2019, respectively, and $0.2 million and $0.4 million for the nine months ended September 30, 2020 and 2019, respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ 7.9	$ 0	$ 7.9
Net gains (losses) on hedging instruments, tax (expense) benefit	(13.1)	14.4	2.7	14.1
Net pensions and other post-retirement benefits, tax (expense) benefit	$ (1.7)	$ 0.2	$ 0.2	$ (0.4)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 4,244	$ 5,190.2
Trade receivables, net of allowances of $137.6 in 2020 and $95.4 in 2019		2,127.8	2,287.1
Contract with Customer, Asset, after Allowance for Credit Loss, Current		1,470	1,520
Inventories, net (Note 8)		1,339.1	1,416
Derivative financial instruments (Note 20)		310.7	101.9
Income taxes receivable		285.4	264.6
Advances paid to suppliers		219.2	242.9
Other current assets (Note 9)		1,037.9	863.7
Total current assets		11,034.1	11,886.4
Investments in equity affiliates		351.2	300.4
Property, plant and equipment, net of accumulated depreciation of $2,433.9 in 2020 and $2,288.8 in 2019		2,806.4	3,162
Operating lease right-of-use assets		742.1	892.6
Goodwill		2,488.7	5,598.3
Intangible assets, net of accumulated amortization of $670.4 in 2020 and $763.4 in 2019		1,002.3	1,086.6
Deferred income taxes		228.1	260.5
Derivative financial instruments (Note 20)		22.9	39.5
Other assets		235.4	292.5
Total assets		18,911.2	23,518.8
Liabilities and equity
Short-term debt and current portion of long-term debt (Note 14)	[1]	612.2	495.4
Operating lease liabilities		206.1	275.1
Accounts payable, trade		2,498.4	2,659.8
Contract liabilities		4,643.4	4,585.1
Accrued payroll		384.5	411.5
Derivative financial instruments (Note 20)		280.2	141.3
Income taxes payable		65.7	75.7
Other current liabilities (Note 9)		1,326.7	1,494.5
Total current liabilities		10,017.2	10,138.4
Long-term debt, less current portion (Note 14)		3,248	3,980
Operating lease liabilities, less current portion		626.2	681.7
Deferred income taxes		78.5	138.2
Accrued pension and other post-retirement benefits, less current portion		320.4	368.6
Derivative financial instruments (Note 20)		35.7	52.7
Other liabilities		309.4	430
Total liabilities		14,635.4	15,789.6
Commitments and contingent liabilities (Note 18)
Redeemable non-controlling interest		42.1	41.1
Stockholders’ equity (Note 15)
Ordinary shares, $1 par value; 618.3 shares and 618.3 shares authorized in 2020 and 2019, respectively; 449.4 shares and 447.1 shares issued and outstanding in 2020 and 2019, respectively; 0 and 4 shares canceled in 2020 and 2019, respectively		449.4	447.1
Capital in excess of par value of ordinary shares		10,227.8	10,182.8
Accumulated deficit		(4,879)	(1,563.1)
Accumulated other comprehensive loss		(1,609.1)	(1,407.5)
Total TechnipFMC plc stockholders’ equity		4,189.1	7,659.3
Non-controlling interests		44.6	28.8
Total equity		4,233.7	7,688.1
Total liabilities and equity		$ 18,911.2	$ 23,518.8
[1]	As of September 30, 2020 and December 31, 2019, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Receivables, allowances	$ 137.6	$ 95.4
Property, plant and equipment, accumulated depreciation	2,433.9	2,288.8
Finite-Lived Intangible Assets, Accumulated Amortization	$ 670.4	$ 763.4
Ordinary shares, par value (in dollars)	$ 1	$ 1
Ordinary shares, shares authorized (in shares)	618.3	618.3
Ordinary shares, shares issued (in shares)	449.4	447.1
Canceled shares (in shares)		4
Receivables, allowances	$ 137.6	$ 95.4
Property, plant and equipment, accumulated depreciation	2,433.9	2,288.8
Intangible assets, accumulated amortization	$ 670.4	$ 763.4
Ordinary shares, par value (in dollars)	$ 1	$ 1
Ordinary shares, shares authorized (in shares)	618.3	618.3
Ordinary shares, shares issued (in shares)	449.4	447.1
Ordinary shares, shares outstanding (in shares)	449.4	447.1
Canceled shares (in shares)		4
Common Stock, Shares Held in Employee Trust, Shares	0	0

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash provided (required) by operating activities
Net income (loss)	$ (3,224)	$ 18.2
Adjustments to reconcile net income to cash provided (required) by operating activities
Depreciation	244.5	282.5
Amortization	91	96
Impairments	3,253	127.5
Employee benefit plan and share-based compensation costs	43	54.2
Deferred income tax benefit, net	(33.5)	(122.6)
Unrealized loss (gain) on derivative instruments and foreign exchange	(26.1)	108.2
Income from equity affiliates, net of dividends received	(48)	(49.6)
Other	182.4	307.6
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and contract assets	120.4	(23)
Inventories, net	(23.8)	(190.6)
Accounts payable, trade	(84.6)	19.4
Contract liabilities	(14.3)	124.8
Income taxes payable (receivable), net	(37)	(45.3)
Other current assets and liabilities, net	(351.9)	(431.1)
Other noncurrent assets and liabilities, net	11	13.2
Cash provided by operating activities	102.1	289.4
Cash provided (required) by investing activities
Capital expenditures	(250.8)	(368.4)
Payment to acquire debt securities	3.9	59.7
Proceeds from Sale of Debt Securities, Available-for-sale	3.9	18.9
Cash received from divestiture	2.5
Proceeds from sale of assets	23.4	5.6
Proceeds from Collection of Advance to Affiliate	12.5	46.4
Cash required by investing activities	(212.4)	(357.2)
Cash required by financing activities
Net decrease in short-term debt	(7.2)	(28.5)
Net decrease in commercial paper	(503)	(255.5)
Proceeds from issuance of long-term debt	223.2	96.2
Purchase of ordinary shares		(92.7)
Payments of Dividends	(59.2)	(174.7)
Payments related to taxes withheld on share-based compensation	(6.4)
Settlements of mandatorily redeemable financial liability	(135.3)	(443.7)
Cash required by financing activities	(911.8)	(898.9)
Effect of changes in foreign exchange rates on cash and cash equivalents	75.9	(68.9)
Decrease in cash and cash equivalents	(946.2)	(1,035.6)
Cash and cash equivalents, beginning of period	5,190.2	5,540
Cash and cash equivalents, end of period	$ 4,244	$ 4,504.4

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, 2018	$ 10,388.9	$ 450.5	$ (2.4)	$ 10,197	$ 1,072.2	$ (1,359.7)	$ 31.3
Net Income (Loss) Attributable to Parent	(1.2)				(1.2)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	18.2						19.4
Other comprehensive loss	(82.9)					(79.8)	(3.1)
Cancellation of ordinary shares	(92.7)	(4)		(88.7)
Issuance of ordinary shares	0.6	0.6
Net sales of ordinary shares for employee benefit trust	2.4		2.4
Dividends	(174.7)				(174.7)
Share-based compensation (Note 16)	61.4			61.4
Other	0.8				3.5		2.7
Ending balance at Sep. 30, 2019	$ 10,123.8	447.1	0	10,169.7	901.6	(1,439.5)	44.9
Common Stock, Dividends, Per Share, Declared	$ 0.39
Beginning balance at Jun. 30, 2019	$ 10,380.4	446.5		10,152.4	1,084	(1,348.3)	45.8
Net Income (Loss) Attributable to Parent	(119.1)				(119.1)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(115.3)						3.8
Other comprehensive loss	(95.6)					(91.2)	(4.4)
Cancellation of ordinary shares	(2.6)			(2.6)
Issuance of ordinary shares	0.6	0.6
Dividends	(58.1)				(58.1)
Share-based compensation (Note 16)	19.9			19.9
Other	(5.5)				(5.2)		0.3
Ending balance at Sep. 30, 2019	$ 10,123.8	447.1	$ 0	10,169.7	901.6	(1,439.5)	44.9
Common Stock, Dividends, Per Share, Declared	$ 0.13
Stockholders' Equity Attributable to Parent	$ 7,659.3
Beginning balance at Dec. 31, 2019	7,688.1	447.1		10,182.8	(1,563.1)	(1,407.5)	28.8
Net Income (Loss) Attributable to Parent	(3,248.3)				(3,248.3)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(3,224)						24.3
Other comprehensive loss	(208)					(201.6)	(6.4)
Issuance of ordinary shares	(5.3)	2.3		(7.6)
Dividends	(59.2)				(59.2)
Share-based compensation (Note 16)	52.6			52.6
Other	(2.7)				(0.6)		(2.1)
Ending balance at Sep. 30, 2020	$ 4,233.7	449.4		10,227.8	(4,879)	(1,609.1)	44.6
Common Stock, Dividends, Per Share, Declared	$ 0.13
Beginning balance at Jun. 30, 2020	$ 4,175.6	449.3		10,213.6	(4,876)	(1,645.8)	34.5
Net Income (Loss) Attributable to Parent	(3.9)				(3.9)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	6.4						10.3
Other comprehensive loss	38.2					36.7	1.5
Issuance of ordinary shares	0.1	0.1
Share-based compensation (Note 16)	14.2			14.2
Other	(0.8)				0.9		1.7
Ending balance at Sep. 30, 2020	4,233.7	$ 449.4		$ 10,227.8	$ (4,879)	$ (1,609.1)	$ 44.6
Stockholders' Equity Attributable to Parent	$ 4,189.1

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Dividends [Abstract]
Cash dividends declared per share	$ 0.13	$ 0.13	$ 0.39

Basis Of Presentation and Signi

Basis Of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis Of Presentation and Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements of TechnipFMC plc and its consolidated subsidiaries (“TechnipFMC”, the “Company,” “we,” “us,” or “our”) 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, 2019. 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, 2020. Reclassifications – Certain prior-year amounts have been reclassified to conform to the current year’s presentation.

Planned Separation Transaction

Planned Separation Transaction	9 Months Ended
	Sep. 30, 2020
Planned Separation Transaction [Abstract]
Planned Separation Transaction [Text Block]	PLANNED SEPARATION TRANSACTION On August 26, 2019, we announced that our Board of Directors had unanimously approved a plan to separate our Onshore/Offshore segment and Loading Systems and process automation businesses into an independent, publicly traded company (“Technip Energies”). In connection with the planned transaction, we renamed our Onshore/Offshore segment to Technip Energies in the first quarter of 2020. Due to the COVID-19 pandemic, the significant decline in commodity prices, and the heightened volatility in global equity markets, on March 15, 2020, we announced the postponement of the completion of the transaction until the markets sufficiently recover. The transaction will be subject to general market conditions, regulatory approvals, consultation of employee representatives, where applicable, and final approval from our Board of Directors. During the three and nine months ended September 30, 2020, we incurred $0 and $27.1 million of separation costs associated with the planned transaction, respectively

Business Combination Transactio

Business Combination Transactions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Mergers and Acquisitions	BUSINESS COMBINATION TRANSACTIONS On December 30, 2019, we completed the acquisition of the remaining 50% interest in Technip Odebrecht PLSV CV (“TOP CV”). TOP CV was formed as a joint venture between Technip SA and Ocyan SA to provide pipeline installation ships to Petroleo Brasileiro SA (“Petrobras”) for their work in oil and gas fields offshore Brazil with results reported in our Subsea segment using the equity method of accounting. Subsequent to this transaction the investment became a fully consolidated entity. In connection with the acquisition, we acquired $391.0 million in assets, including two vessels valued at $335.2 million. In addition, we assumed $239.9 million of liabilities, including a $203.1 million term loan. There were no significant acquisitions or other type of business combinations during the three and nine months ended September 30, 2020 and 2019.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards under GAAP Effective January 1, 2020, we adopted 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 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. The adoption of this update concerns presentation and disclosure only as it relates to our consolidated financial statements. See Note 21 for our fair value measurements disclosure. Effective January 1, 2020, we adopted 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 adoption of this update did not have a material impact on our consolidated financial statements. Effective January 1, 2020, we adopted 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. 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. The adoption of this update concerns presentation and disclosure only with no material impact to our consolidated financial statements. Effective January 1, 2020, we adopted 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”. The adoption of this update concerns presentation and disclosure only with no material impact to our consolidated financial statements. Adoption of ASU No. 2016-13 “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Effective January 1, 2020, we adopted ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments .” This ASU introduces a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. The 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, (3) debt securities and other financial assets measured at fair value through other comprehensive income, and (4) beneficial interests in securitized financial assets. In June 2016, the FASB issued an update of the ASU to provide a practical expedient for transition and targeted improvements. We adopted Topic 326 using a modified retrospective transition method through a cumulative-effect adjustment to beginning retained earnings in the period of adoption. The effect of adopting Topic 326 was an increase in accumulated deficit of $7.8 million, which includes a $2.1 million increase in noncurrent deferred tax assets, with a corresponding decrease in trade receivables, loans, and debt notes receivable. Financial assets at amortized cost include trade receivables, loans issued to third or related parties, and held to maturity debt securities. These financial assets were presented under other current assets or other assets, as applicable. Contract assets are subject to the credit losses standard per revenue recognition standard. Trade receivables and contract assets constitute a homogeneous portfolio, and therefore, to measure the expected credit losses, trade receivables and contract assets have been grouped together. The contract assets relate to unbilled work in progress and have substantially the same risk characteristics as the trade receivables for the same types of contracts. We have therefore concluded that the expected loss rates for trade receivables are a reasonable approximation of the loss rates for the contract assets. The following table summarizes the balances of financial assets and non-financial assets at amortized cost as of January 1, 2020: (In millions) As reported at December 31, 2019 Impact of ASC 326 Balance at January 1, 2020 Trade receivables, net $ 2,287.1 $ (3.8) $ 2,283.3 Loans receivable, net 138.5 (1.5) 137.0 Security deposits and other, net 36.6 (1.0) 35.6 Held-to-maturity Debt securities at amortized cost 71.9 (1.1) 70.8 Total financial assets $ 2,534.1 $ (7.4) $ 2,526.7 Non-financial assets Contract assets, net $ 1,520.0 $ (2.5) $ 1,517.5 We manage our receivables portfolios using published default risk as a key credit quality indicator for our loans and receivables. Our loans receivable and security deposits were related to sales of long-lived assets or businesses, loans to related parties for capital expenditure purposes, or security deposits for lease arrangements. We manage our held-to-maturity debt securities using published credit ratings as a key credit quality indicator as our held-to-maturity debt securities consist of government bonds. The table below summarizes the amortized cost basis of financial assets by years of origination and credit quality. The key credit quality indicator is updated as of September 30, 2020. (In millions) Year of origination Balance at September 30, 2020 Loans receivables, security deposits and other Moody’s rating Ba2 2019 $ 154.6 Debt securities at amortized cost Moody’s rating B3 2019 70.8 Total financial assets $ 225.4 Credit Losses For contract assets, trade receivables, loans receivable, and security deposits and other, we have elected to calculate an expected credit loss based on loss rates from historical data. We develop loss-rate statistics on the basis of the amount written off over the life of the financial assets and contract assets and adjust these historical credit loss trends for forward-looking factors specific to the debtors and the economic environment to determine lifetime expected losses. For held-to-maturity debt securities at amortized cost, we evaluate whether the debt securities are considered to have low credit risk at the reporting date using available, reasonable, and supportable information. The table below shows the roll-forward of allowance for credit losses for the nine months ended September 30, 2020. Balance at September 30, 2020 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Beginning balance in allowance for credit losses $ 99.2 $ 5.0 $ 9.5 $ 1.6 $ 1.1 Current period provision for expected credit losses 45.0 0.1 0.2 0.8 — Write-offs charged against the allowance (1.8) — — — — Recoveries (4.8) (2.5) (0.7) (0.9) — Ending balance in the allowance for credit losses $ 137.6 $ 2.6 $ 9.0 $ 1.5 $ 1.1 Other than certain trade receivables due in one year or less, we do not have any financial assets that are past due or are on non-accrual status . Recently Issued Accounting Standards under GAAP 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, and 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 December 2019, the FASB issued ASU No. 2019-12, “ Income Taxes to Topic 740—Simplifying the Accounting for Income Taxes”. The amendments simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. This update also improves and simplifies areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. This update is effective for us January 1, 2021, and early adoption is permitted. We are currently evaluating the impact of this ASU on our consolidated financial statements. In January 2020, the FASB issued ASU No. 2020-01, " Investments—Equity Securities (Topic 321)" , “Investments—Equity Method and Joint Ventures (Topic 323)” , and “Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815” , and made targeted improvements to address certain aspects of accounting for financial instruments. This update clarifies that a company should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323, Investments—Equity Method and Joint Ventures, for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method. The new ASU also clarifies that, when determining the accounting for certain forward contracts and purchased options a company should not consider whether underlying securities would be accounted for under the equity method or fair value option upon settlement or exercise. The amendment is effective from January 1, 2021, and early adoption is permitted. We are currently evaluating the impact of this ASU on our consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848)”. The amendments in this update apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The amendments in this update are effective as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact of this ASU on our consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	REVENUEThe 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 Revenues are disaggregated by geographic location and contract types. The following tables present products and services revenue by geography for each reportable segment for the three and nine months ended September 30, 2020 and 2019: Reportable Segments Three Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Europe, Russia, Central Asia $ 478.3 $ 821.5 $ 43.6 $ 390.8 $ 682.4 $ 55.5 Americas 493.5 199.1 64.8 513.1 156.9 171.0 Asia Pacific 220.6 255.9 25.7 171.0 311.7 50.3 Africa 254.2 248.6 10.5 143.6 158.6 14.9 Middle East 42.2 83.1 64.3 81.2 286.7 61.7 Total products and services revenue $ 1,488.8 $ 1,608.2 $ 208.9 $ 1,299.7 $ 1,596.3 $ 353.4 Reportable Segments Nine Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Europe, Russia, Central Asia $ 1,327.9 $ 2,074.6 $ 142.2 $ 1,250.0 $ 1,975.2 $ 171.3 Americas 1,437.9 794.6 295.2 1,232.0 514.2 564.1 Asia Pacific 543.7 804.5 88.0 448.4 889.1 139.4 Africa 637.0 660.5 38.8 663.2 330.1 41.1 Middle East 144.1 360.0 169.8 352.0 727.8 183.5 Total products and services revenue $ 4,090.6 $ 4,694.2 $ 734.0 $ 3,945.6 $ 4,436.4 $ 1,099.4 The following tables represent revenue by contract type for each reportable segment for the three and nine months ended September 30, 2020 and 2019: Reportable Segments Three Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Services $ 865.2 $ 1,584.6 $ 29.2 $ 743.8 $ 1,596.3 $ 69.5 Products 623.6 23.6 179.7 555.9 — 283.9 Total products and services revenue 1,488.8 1,608.2 208.9 1,299.7 1,596.3 353.4 Lease 13.0 — 16.8 42.5 — 43.2 Total revenue $ 1,501.8 $ 1,608.2 $ 225.7 $ 1,342.2 $ 1,596.3 $ 396.6 Reportable Segments Nine Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Services $ 2,346.9 $ 4,639.3 $ 115.7 $ 2,359.6 $ 4,436.4 $ 213.5 Products 1,743.7 54.9 618.3 1,586.0 — 885.9 Total products and services revenue 4,090.6 4,694.2 734.0 3,945.6 4,436.4 1,099.4 Lease 42.8 — 62.9 90.6 — 110.3 Total revenue $ 4,133.4 $ 4,694.2 $ 796.9 $ 4,036.2 $ 4,436.4 $ 1,209.7 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 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 liabilities as of September 30, 2020 and December 31, 2019: (In millions) September 30, December 31, $ change % change Contract assets $ 1,470.0 $ 1,520.0 $ (50.0) (3.3) Contract (liabilities) (4,643.4) (4,585.1) (58.3) (1.3) Net contract liabilities $ (3,173.4) $ (3,065.1) $ (108.3) (3.5) The decrease in our contract assets from December 31, 2019 to September 30, 2020 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 first allocate revenue to the individual contract liability balance outstanding at the beginning of the period until the revenue exceeds that balance. Any subsequent revenue we recognize increases contract asset balance. Revenue recognized for the three months ended September 30, 2020 and 2019 that was included in the contract liabilities balance at December 31, 2019 and 2018 was $228.1 million and $503.6 million, respectively, and $1,102.5 million and $1,984.4 million for the nine months ended September 30, 2020 and 2019, respectively. In addition, net revenue recognized for the three months ended September 30, 2020 and 2019 from our performance obligations satisfied in previous periods had favorable impacts of $181.1 million and $281.7 million, respectively, and $340.0 million and $775.1 million for the nine months ended September 30, 2020 and 2019, respectively. This primarily relates to the changes in the estimate of the stage of completion that impacted revenue. Transaction Price Allocated to the Remaining Unsatisfied Performance Obligations Remaining unsatisfied performance obligations (“RUPO” or “order backlog”) represent the transaction price for products and services for which we have a material right but work has not been performed. The 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 September 30, 2020, the aggregate amount of the transaction price allocated to order backlog was $19,646.1 million. We expect to recognize revenue on approximately 14.4% of the order backlog through 2020 and 85.6% thereafter. The following table details the order backlog for each business segment as of September 30, 2020: (In millions) 2020 2021 Thereafter Subsea $ 1,068.0 $ 3,402.5 $ 2,747.5 Technip Energies 1,611.0 5,790.1 4,658.1 Surface Technologies 146.4 203.7 18.8 Total order backlog $ 2,825.4 $ 9,396.3 $ 7,424.4

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2020
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 Chairman and 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 - designs and manufactures 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. • Technip Energies - offers extensive experience, knowledge and unique project management capabilities in onshore and offshore hydrocarbon infrastructure businesses; it also combines its leading engineering and construction capabilities with its technological know-how, products and services to develop new solutions that will support the world’s energy transition. • Surface Technologies - designs and manufactures products and 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. Beginning in the first quarter of 2020, in anticipation of our separation transaction, we renamed our Onshore/Offshore segment to Technip Energies, which includes our Loading Systems business that was previously reported in the Surface Technologies segment and our process automation business, Cybernetix, that was previously reported in the Subsea segment. Prior year information has not been restated due to these businesses not being material. Segment operating profit (loss) 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 (loss): corporate staff expense, foreign exchange gains (losses), net interest income (expense) associated with corporate debt facilities, income taxes, and other revenue and other expense, net. Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Segment revenue Subsea $ 1,501.8 $ 1,342.2 $ 4,133.4 $ 4,036.2 Technip Energies 1,608.2 1,596.3 4,694.2 4,436.4 Surface Technologies 225.7 396.6 796.9 1,209.7 Total revenue $ 3,335.7 $ 3,335.1 $ 9,624.5 $ 9,682.3 Segment operating profit (loss) Subsea $ 20.3 $ (79.6) $ (2,806.0) $ 65.0 Technip Energies 129.5 284.6 512.0 714.3 Surface Technologies (7.0) 6.1 (444.4) 42.1 Total segment operating profit (loss) $ 142.8 $ 211.1 $ (2,738.4) $ 821.4 Corporate items Impairment, restructuring and other expenses (3.8) (3.2) (9.3) (13.5) Separation costs — (9.4) (27.1) (9.4) Merger transaction costs — (6.2) — (31.2) Legal expenses — 0.6 — (54.6) Other corporate expenses (a) (23.9) (57.4) (89.3) (169.9) Corporate expense (27.7) (75.6) (125.7) (278.6) Net interest expense (91.8) (116.5) (238.5) (345.3) Foreign exchange gains (losses) 5.6 (53.2) (43.5) (82.8) Total corporate items (113.9) (245.3) (407.7) (706.7) Income (loss) before income taxes (b) $ 28.9 $ (34.2) $ (3,146.1) $ 114.7 (a) Other corporate expenses primarily include corporate staff expenses, share-based compensation expenses, and other employee benefits. (b) Includes amounts attributable to non-controlling interests. Segment assets were as follows: (In millions) September 30, December 31, 2019 Segment assets Subsea $ 7,218.6 $ 10,824.2 Technip Energies 4,696.7 4,448.8 Surface Technologies 1,450.5 2,246.4 Total segment assets 13,365.8 17,519.4 Corporate (a) 5,545.4 5,999.4 Total assets $ 18,911.2 $ 23,518.8 (a) Corporate includes cash, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 272.8 $ 347.5 Work in process 246.8 290.2 Finished goods 819.5 778.3 Inventories, net $ 1,339.1 $ 1,416.0

Other Current Assets & Other Cu

Other Current Assets & Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Other Current Assets and Other Current Liabilities [Abstract]
Other Current Assets & Other Current Liabilities	OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES Other current assets consisted of the following: (In millions) September 30, December 31, Value-added tax receivables $ 437.7 $ 395.2 Sundry receivables 160.8 69.6 Prepaid expenses 130.5 66.8 Other taxes receivables 73.4 100.7 Held-to-maturity investments 71.9 49.7 Asset held for sale 56.8 25.8 Current financial assets at amortized cost 39.2 42.0 Other 67.6 113.9 Total other current assets $ 1,037.9 $ 863.7 Other current liabilities consisted of the following: (In millions) September 30, December 31, Warranty accruals and project contingencies (Note 10) $ 250.5 $ 310.1 Value added tax and other taxes payable 216.9 240.4 Legal provisions 176.7 183.6 Redeemable financial liability 165.9 129.1 Social security liability 112.9 116.5 Provisions 90.5 86.6 Compensation accrual 38.2 89.6 Current portion of accrued pension and other post-retirement benefits 16.1 14.9 Liabilities held for sale — 9.3 Other accrued liabilities 259.0 314.4 Total other current liabilities $ 1,326.7 $ 1,494.5

Warranty Obligations Warranty O

Warranty Obligations Warranty Obligations	9 Months Ended
	Sep. 30, 2020
Product Warranties Disclosures [Abstract]
WARRANTY OBLIGATIONS	WARRANTY OBLIGATIONS Warranty obligations are included within “Other current liabilities” in our consolidated balance sheets as of September 30, 2020 and December 31, 2019. A reconciliation of warranty obligations for the three and nine months ended September 30, 2020 and 2019 is as following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Balance at beginning of period $ 172.6 $ 206.0 $ 193.5 $ 234.4 Warranty expenses 27.9 21.7 74.3 59.1 Adjustment to existing accruals (12.1) 8.2 (69.0) (36.7) Claims paid (10.0) (32.9) (20.4) (53.8) Balance at end of period $ 178.4 $ 203.0 $ 178.4 $ 203.0

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 2020
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 Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Subsea $ 12.9 $ 23.3 $ 49.7 $ 49.5 Technip Energies (1.8) 2.6 3.2 4.5 Income from equity affiliates $ 11.1 $ 25.9 $ 52.9 $ 54.0

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
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 the following related parties: (In millions) September 30, December 31, 2019 TP JGC Coral France SNC $ 34.0 $ 40.1 TTSJV W.L.L. 21.8 22.4 Novarctic SNC 9.8 — Others 15.4 14.3 Total trade receivables $ 81.0 $ 76.8 TP JGC Coral France SNC, TTSJV W.L.L. and Novarctic SNC are equity method affiliates. Trade payables consisted of payables due to the following related parties: (In millions) September 30, December 31, 2019 Chiyoda $ 15.0 $ 24.8 JGC Corporation 2.5 15.1 IFP Energies nouvelles — 2.4 Dofcon Navegacao 0.3 2.1 Others 1.6 6.7 Total trade payables $ 19.4 $ 51.1 Chiyoda and JGC Corporation are joint venture partners on our Yamal project. A member of our Board of Directors served as an executive officer of IFP Energies nouvelles until June 2020. Dofcon Navegacao is an equity method affiliate. Additionally, we have a note receivables balance of $52.8 million and $65.2 million at September 30, 2020 and December 31, 2019, respectively. The note receivables balance includes $50.1 million and $62.5 million with Dofcon Brasil AS as of September 30, 2020 and December 31, 2019, respectively. Dofcon Brasil AS is a variable interest entity (“VIE”) and accounted for as an equity method affiliate. These are included in other assets in our consolidated balance sheets. Revenue consisted of amounts from the following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 TTSJV W.L.L. $ 9.7 $ 27.9 $ 38.3 $ 107.4 TP JGC Coral France SNC 12.3 17.7 31.5 95.4 Novarctic SNC 3.5 — 9.2 — Techdof Brasil AS 2.0 5.2 6.4 8.5 Dofcon Navegacao 0.8 1.4 1.4 7.1 Anadarko Petroleum Company — 26.3 — 67.1 TOP CV — 2.1 — 6.1 Others 19.1 11.7 27.0 26.9 Total revenue $ 47.4 $ 92.3 $ 113.8 $ 318.5 A member of our Board of Directors (the “Director”) served on the Board of Directors of Anadarko Petroleum Company (“Anadarko”) until August 2019. In August 2019, Anadarko was acquired by Occidental Petroleum Corporation (“Occidental”). As a result, the Director no longer serves as a member of the Board of Directors of Anadarko. The Director is not an officer or director of Occidental. Techdof Brasil AS is a wholly owned subsidiary of Dofcon Brasil AS, our equity method affiliate. TOP CV was previously an equity method affiliate that became a fully consolidated subsidiary on December 30, 2019. See Note 3 for further details. Novarctic SNC is our equity method affiliate. Expenses consisted of amounts to the following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Dofcon Navegacao $ 5.2 $ — $ 17.0 $ 0.4 Chiyoda 0.9 7.7 0.9 25.3 Arkema S.A. 0.7 6.4 3.5 16.2 JGC Corporation 0.3 1.0 0.7 19.9 Serimax Holdings SAS — — — 17.7 Others 6.1 14.7 20.8 28.1 Total expenses $ 13.2 $ 29.8 $ 42.9 $ 107.6 Serimax Holdings SAS is an equity method affiliate. A member of our Board of Directors serves on the Board of Directors for Arkema S.A.

Goodwill and Intangible Assets

Goodwill and Intangible Assets Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	GOODWILL AND INTANGIBLE ASSETS During the first quarter of 2020, triggering events were identified which led to performing interim goodwill impairment testing in our Subsea and Surface Technologies reporting units as of March 31, 2020. These events included the COVID-19 pandemic breakout, commodity price declines, and a significant decrease in our market capitalization as well as those of our peers and customers. The fair value for our reporting units was valued using a market approach. An appropriate control premium was considered for each of the reporting units and applied to the output of the market approach. The impairment assessment resulted in a conclusion that goodwill in the Subsea and Surface Technologies segments was impaired by $2,747.5 million and $335.9 million, respectively. The impairment assessment also concluded the fair value of the Technip Energies reporting unit was in excess of its carrying amount. The carrying amount of goodwill by business segment was as follows: (In millions) Subsea Technip Energies Surface Total December 31, 2019 $ 2,814.1 $ 2,423.6 $ 360.6 $ 5,598.3 Transfers (a) (21.2) 46.1 (24.9) — Impairments (2,747.5) — (335.9) (3,083.4) Translation (45.4) 19.0 0.2 (26.2) September 30, 2020 $ — $ 2,488.7 $ — $ 2,488.7 (a) Beginning in the first quarter of 2020, Technip Energies includes our Loading Systems business that was previously reported in the Surface Technologies segment and our process automation business, Cybernetix, that was previously reported in the Subsea segment. See Note 6 for further details.

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt	DEBT Overview Long-term debt consisted of the following: (In millions) September 30, December 31, Commercial paper $ 1,507.3 $ 1,967.0 Synthetic bonds due 2021 522.8 492.9 3.45% Senior Notes due 2022 500.0 500.0 5.00% 2010 Private placement notes due 2020 — 224.6 3.40% 2012 Private placement notes due 2022 175.6 168.5 3.15% 2013 Private placement notes due 2023 152.2 146.0 3.15% 2013 Private placement notes due 2023 146.3 140.4 4.50% 2020 Private placement notes due 2025 234.2 — 4.00% 2012 Private placement notes due 2027 87.8 84.2 4.00% 2012 Private placement notes due 2032 117.1 112.3 3.75% 2013 Private placement notes due 2033 117.1 112.3 Bank borrowings and other 314.3 536.3 Unamortized issuing fees (14.5) (9.1) Total debt 3,860.2 4,475.4 Less: current borrowings (a) 612.2 495.4 Long-term debt $ 3,248.0 $ 3,980.0 (a) As of September 30, 2020 and December 31, 2019, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months. Significant Funding and Liquidity Activities During the nine months ended September 30, 2020, we completed the following transactions in order to enhance our total liquidity position: • Repaid $233.9 million of 5.00% 2010 private placement notes; • Repaid the remaining outstanding balance of $190.0 million of the term loan assumed in connection with the acquisition of the remaining 50% interest in TOP CV. • Issued €200 million aggregate principal amount of 4.500% Euro Denominated Notes due June 30, 2025. In the event of the spin-off of our Technip Energies business segment followed, within three months of the effective date of the spin-off, by a downgrade by a nationally recognized rating agency of the corporate rating of TechnipFMC from an investment grade to a non-investment grade rating or a withdrawal of any such rating, the interest rate applicable to the Euro Denominated Notes will be increased to 5.75%; • Entered into a new, six-month €500 million senior unsecured revolving credit facility agreement, which may be extended for two additional three-month periods (the “Euro Facility”); and • Entered into the Bank of England’s COVID Corporate Financing Facility program (the “CCFF Program”), which allows us to issue up to £600 million of unsecured commercial paper notes. Credit Facilities and Debt Revolving credit facility - On January 17, 2017, we acceded to a new $2.5 billion senior unsecured revolving credit facility agreement (“Facility Agreement”) between FMC Technologies, Inc., Technip Eurocash SNC, and TechnipFMC plc (the “Borrowers”) with JPMorgan Chase Bank, National Association (“JPMorgan”), as agent and an arranger, SG Americas Securities LLC as an arranger, and the lenders party thereto. The Facility Agreement provides for the establishment of a multicurrency, revolving credit facility, which includes a $1.5 billion letter of credit subfacility. Subject to certain conditions, the Borrowers may request the aggregate commitments under the facility agreement be increased by an additional $500.0 million. On November 26, 2018, we entered into an agreement which extends the expiration date to January 2023. Borrowings under the Facility Agreement bear interest at the following rates, plus an applicable margin, depending on currency: • U.S. dollar-denominated loans bear interest, at the Borrowers’ option, at a base rate or an adjusted rate linked to the London interbank offered rate (“Adjusted LIBOR”); • sterling-denominated loans bear interest at Adjusted LIBOR; and • euro-denominated loans bear interest at the Euro interbank offered rate (“EURIBOR”). Depending on our credit rating, the applicable margin for revolving loans varies (i) in the case of Adjusted LIBOR and EURIBOR loans, from 0.820% to 1.300% and (ii) in the case of base rate loans, from 0.000% to 0.300%. The “base rate” is the highest of (a) the prime rate announced by JPMorgan, (b) the greater of the Federal Funds Rate and the Overnight Bank Funding Rate plus 0.50% or (c) one-month Adjusted LIBOR plus 1.00%. As of September 30, 2020, there were no outstanding borrowings under our revolving credit facility. Euro Facility – On May 19, 2020, we entered into the Euro Facility with HSBC France, as agent, and the lenders party thereto, which provides for the establishment of a six-month revolving credit facility denominated in Euros with total commitments of €500 million, which may be extended by us for two additional three-month periods. Borrowings under the Euro Facility bear interest at the Euro interbank offered rate for a period equal in length to the interest period of a given loan (which may be three or six months), plus an applicable margin. As of September 30, 2020, there were no outstanding borrowings under Euro Facility. On June 12, 2020, we entered into Amendment No. 1 to the Facility Agreement and into an Amendment and Restatement Agreement to our Euro Facility. The amendments, which are effective through the respective expirations of the Facility Agreement and Euro Facility, permit us to include the gross book value of $3.2 billion of goodwill (fully impaired in the quarter ended March 31, 2020) in the calculation of consolidated net worth, which is used in the calculation of our quarterly compliance with the total capitalization ratio under the Facility Agreement and Euro Facility. The Facility Agreement and Euro Facility contain usual and customary covenants, representations and warranties, and events of default for credit facilities of this type, including financial covenants requiring that our total capitalization ratio not exceed 60% at the end of any financial quarter. The Facility Agreement and Euro Facility also contain covenants restricting our ability and our subsidiaries’ ability to incur additional liens and indebtedness, enter into asset sales, or make certain investments. As of September 30, 2020, we were in compliance with all restrictive covenants under our credit facilities. CCFF Program - On May 19, 2020, we entered into a dealer agreement (the “Dealer Agreement”) with Bank of America Merrill Lynch International DAC (the “Dealer”) and an Issuing and Paying Agency Agreement (the “Agency Agreement”, and together with the Dealer Agreement, the “Agreements”) with Bank of America, National Association, London Branch, relating to the European commercial paper program established under the CCFF Program as a source of additional liquidity. The Agreements provide the terms under which we may issue, and the Dealer will arrange for, the sale of short-term, unsecured commercial paper notes (the “Notes”) to reduce existing debt or decrease overall borrowing costs. The Notes contain customary representations, warranties, covenants, defaults, and indemnification provisions, and will be sold at such discounts from their face amounts as shall be agreed between us and the Dealer. The Notes will be fully payable at maturity, and the maturities of the Notes will vary but may not exceed 364 days. The principal amount of outstanding Notes may not exceed £600 million. The Agency Agreement provides for the terms of issuance and payment of the Notes. As of September 30, 2020, our commercial paper borrowings under the CCFF Program had a weighted average interest rate of 0.43%. As of September 30, 2020, we had $769.6 million of Notes outstanding and recorded as long-term borrowings under the CCFF Program because we had the ability and intent to refinance the obligation due March 2021. Bilateral credit facility - We have access to a €100.0 million bilateral credit facility expiring in May 2021. The bilateral credit facility contains usual and customary covenants, representations and warranties and events of default for credit facilities of this type. As of September 30, 2020, there were no outstanding borrowings under our bilateral credit facility. 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 September 30, 2020 and December 31, 2019. Commercial paper borrowings are issued at market interest rates. As of September 30, 2020, our commercial paper borrowings had a weighted average interest rate of 0.35% on the U.S. dollar denominated borrowings and 0.06% on the Euro denominated borrowings. As of September 30, 2020, we had $737.8 million of outstanding commercial paper borrowings under this program. Bank borrowings - In December 2016, we entered into a £160.0 million term loan agreement to finance the Deep Explorer, a diving support vessel (“DSV”), maturing December 2028. Under the loan agreement, interest accrues at an annual rate of 2.813%. This loan agreement contains usual and customary covenants and events of default for loans of this type. In January 2019, we executed a sale-leaseback transaction to finance the purchase of a deepwater DSV, Deep Discoverer (the “Vessel”) for the full transaction price of $116.8 million. The sale-leaseback agreement was entered into with a French joint-stock company owned by Credit Industrial et Commercial which was formed for the sole purpose to purchase and act as the lessor of the Vessel. It is a VIE, 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. Foreign committed credit - We have committed credit lines at many of our international subsidiaries for immaterial amounts. We utilize these facilities for asset financing and to provide a more efficient daily source of liquidity. The effective interest rates depend upon the local national market.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Cash dividends paid during the nine months ended September 30, 2020 and 2019 were $59.2 million and $174.7 million, respectively. We made a dividend payment of $0.13 per share in April 2020, which fulfills our annual dividend under our revised dividend policy announced on April 21, 2020. 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” in our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium. On November 27, 2019, we redeemed 50,000 redeemable shares of £1 each and cancelled one deferred ordinary share of £1 in the capital of the Company. In April 2017, the Board of Directors authorized the repurchase of $500.0 million in ordinary shares under our share repurchase program. We implemented our share repurchase plan in September 2017. The Board of Directors authorized an extension of this program, adding $300.0 million in December 2018 for a total of $800.0 million in ordinary shares. There were no ordinary shares repurchased during the nine months ended September 30, 2020 under our authorized share repurchase program. The $500.0 million part of the program was completed on December 20, 2018. 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, 2019 $ (1,230.1) $ (5.8) $ (171.6) $ (1,407.5) $ (4.7) Other comprehensive income (loss) before reclassifications, net of tax (208.3) (9.1) (0.4) (217.8) (6.4) Reclassification adjustment for net losses included in net income (loss), net of tax — 8.7 7.5 16.2 — Other comprehensive income (loss), net of tax (208.3) (0.4) 7.1 (201.6) (6.4) September 30, 2020 $ (1,438.4) $ (6.2) $ (164.5) $ (1,609.1) $ (11.1) Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Affected Line Item in the Condensed Consolidated Statements of Income Gains (losses) on hedging instruments Foreign exchange contracts $ (23.8) $ (3.1) $ (57.3) $ (15.6) Revenue 18.3 1.6 48.0 6.5 Cost of sales — — (0.4) 0.1 Selling, general and administrative expense (2.0) 23.3 (3.2) 21.9 Other income (expense), net (7.5) 21.8 (12.9) 12.9 Loss before income taxes (3.6) 4.7 (4.2) 2.2 Provision for income taxes (Note 19) $ (3.9) $ 17.1 $ (8.7) $ 10.7 Net loss Pension and other post-retirement benefits Amortization of prior service credit (cost) (0.3) (1.0) (0.8) (2.7) (a) Amortization of net actuarial loss (0.6) — (6.5) — (a) (0.9) (1.0) (7.3) (2.7) Loss before income taxes 1.7 (0.1) 0.2 (0.4) Provision for income taxes (Note 19) $ (2.6) $ (0.9) $ (7.5) $ (2.3) Net loss (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Under the Amended and Restated TechnipFMC plc Incentive Award Plan (the “Plan”), we may grant certain incentives and awards to our officers, employees, non-employee directors, and consultants of the Company 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 non-vested share options and time-based and performance-based restricted stock units was $14.2 million and $19.9 million for the three months ended September 30, 2020 and 2019, respectively, and $52.6 million and $61.4 million for the nine months ended September 30, 2020 and 2019, respectively.

Impairment, Restructuring and O

Impairment, Restructuring and Other Expenses	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Impairment, Restructuring and Other Expenses	IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES Impairment, restructuring and other expenses were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Subsea $ 43.4 $ 131.2 $ 2,912.8 $ 138.0 Technip Energies 36.1 5.2 78.8 11.1 Surface Technologies 8.7 0.7 439.8 3.4 Corporate and other 3.8 3.2 9.3 13.5 Total impairment, restructuring and other expenses $ 92.0 $ 140.3 $ 3,440.7 $ 166.0 Goodwill and Long-Lived Assets Impairments Goodwill and long-lived assets impairments were as follows: Three Months Ended September 30, Nine Months Ended September 30, (In millions) 2020 2019 2020 2019 Subsea $ 17.6 $ 126.3 $ 2,826.6 $ 126.9 Technip Energies 5.7 — 5.7 — Surface Technologies 5.4 — 418.1 0.6 Corporate and other 2.6 — 2.6 — Total impairments $ 31.3 $ 126.3 $ 3,253.0 $ 127.5 During the three and nine months ended September 30, 2020, we recorded $13.3 million and $3,235.0 million, respectively, related to goodwill and long-lived assets impairments. Additionally, due to the economic impact and continued uncertainty related to the COVID-19 pandemic, certain real estate rationalization decisions were made during the three months ended September 30, 2020, and as a result, we recorded $18.0 million of impairment relating to our operating lease right-of-use assets. During the three and nine months ended September 30, 2019, we recorded $126.3 million and $127.5 million, respectively, related to long-lived assets impairments. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts of such assets may not be recoverable. Assessing the recoverability of assets to be held and used requires the use of unobservable inputs that involves significant judgment. Such judgments include expected future asset utilization while taking into account reduced future capital spending by certain customers in response to market conditions. Restructuring and Other Expenses Restructuring and other charges primarily consisted of severance and other employee related costs and COVID-19 related expenses across all segments. Restructuring and other expenses were as follows: Three Months Ended September 30, 2020 2019 (In millions) Restructuring and other charges COVID-19 expenses Restructuring and other charges Subsea $ 7.1 $ 18.7 $ 4.9 Technip Energies 15.1 15.3 5.2 Surface Technologies 0.9 2.4 0.7 Corporate and other 1.2 — 3.2 Total $ 24.3 $ 36.4 $ 14.0 Nine Months Ended September 30, 2020 2019 (In millions) Restructuring and other charges COVID-19 expenses Restructuring and other charges Subsea $ 36.1 $ 50.1 $ 11.1 Technip Energies 29.1 44.0 11.1 Surface Technologies 14.0 7.7 2.8 Corporate and other 6.7 — 13.5 Total $ 85.9 $ 101.8 $ 38.5 COVID-19 related expenses represent unplanned, one-off, incremental and non-recoverable costs incurred solely as a result of the COVID-19 pandemic situation, which would not have been incurred otherwise. COVID-19 related expenses primarily included (a) employee payroll and travel, operational disruptions associated with quarantining, personnel travel restrictions to job sites, and shutdown of manufacturing plants and sites; (b) supply chain and related expediting costs of accelerated shipments for previously ordered and undelivered products; (c) costs associated with implementing additional information technology to support remote working environments; and (d) facilities-related expenses to ensure safe working environments. Prolonged uncertainty in energy markets could lead to further future reductions in capital spending from our customer base. In turn, this may lead to changes in our strategy. We will continue to take actions designed to mitigate the adverse effects of the rapidly changing market environment and expect to continue to adjust our cost structure to market conditions. If market conditions continue to deteriorate, we may record additional restructuring charges and additional impairments of our long-lived assets, operating lease right-of-use assets and equity method investments.

Commitments And Contingent Liab

Commitments And Contingent Liabilities	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Contingent liabilities associated with guarantees - In the ordinary course of business, we enter into standby letters of credit, performance bonds, surety bonds, and other guarantees with financial institutions for the benefit of our customers, vendors, and other parties. The majority of these financial instruments expire within five years. Management does not expect any of these financial instruments to result in losses that, if incurred, would have a material adverse effect on our consolidated financial position, results of operations, or cash flows. Guarantees consisted of the following: (In millions) September 30, December 31, Financial guarantees (a) $ 960.3 $ 945.5 Performance guarantees (b) 4,656.3 4,916.0 Maximum potential undiscounted payments $ 5,616.6 $ 5,861.5 (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. We believe the ultimate resolution of our known contingencies will not materially adversely affect our consolidated financial position, results of operations, or cash flows. Contingent liabilities associated with legal and tax matters - We are involved in various pending or potential legal and tax actions or disputes in the ordinary course of our business. These actions and disputes can involve our agents, suppliers, clients, and venture partners, and can include claims related to payment of fees, service quality, and ownership arrangements, including certain put or call options. We are unable to predict the ultimate outcome of these actions because of their inherent uncertainty. However, we believe 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 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 the 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. In September 2019, the SEC approved our previously disclosed agreement in principle with the SEC Staff and issued an Administrative Order, pursuant to which we paid the SEC $5.1 million, which was included in the global resolution of $301.3 million. 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 anti-corruption 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 September 30, 2020 and December 31, 2019, 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	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our provision for income taxes for the three months ended September 30, 2020 and 2019 reflected effective tax rates of 77.9% and (237.1)%, respectively. The year-over-year increase in the effective tax rate was primarily due to the increased impact of losses including certain impairments in jurisdictions with a full valuation allowance, and a favorable change in the forecasted earnings mix, offset in part by one-time benefits that were recorded in 2019 for the release of two uncertain tax positions, one for intercompany interest expense and one for foreign exchange. Our provision for income taxes for the nine months ended September 30, 2020 and 2019 reflected effective tax rates of (2.5)% and 84.1%, respectively. The year-over-year decrease in the effective tax rate was primarily due to the impact of nondeductible goodwill impairments, offset in part by the reduced impact of losses in jurisdictions with a full valuation allowance and a favorable change in the forecasted earnings mix. The decrease was also impacted by one-time benefits that were recorded in 2019, for the release of a valuation allowance. Our effective tax rate can fluctuate depending on our country mix of earnings, since our foreign earnings are generally subject to higher tax rates than in the United Kingdom.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2020
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 is reflected in earnings in the period such change occurs. We hold the following types of derivative instruments: Foreign exchange rate forward contracts - The purpose of these instruments is to hedge the risk of changes in future cash flows of anticipated purchase or sale commitments denominated in foreign currencies and recorded assets and liabilities in our consolidated balance sheets. At September 30, 2020, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 1,717.0 2,010.2 British pound 880.1 1,128.9 Australian dollar 173.5 123.5 Singapore dollar 105.6 77.1 Malaysian ringgit 252.8 60.8 Norwegian krone 564.5 59.5 Indian rupee 2,994.9 40.6 Japanese yen 2,157.7 20.4 Kuwait dinar 5.1 16.6 Saudi riyal (41.2) (11.0) Hong Kong dollar (90.6) (11.7) Mexican peso (831.4) (37.2) Brazilian real (1,145.7) (203.1) U.S. dollar (2,378.1) (2,378.1) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects or comply with government restrictions on the currency used to purchase goods in certain countries. At September 30, 2020, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 60.5 10.7 Euro (1.7) (2.0) Norwegian krone (100.0) (10.5) U.S. dollar 0.6 0.6 Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 21 for further details. Accordingly, the estimates presented may not be indicative of the amounts that we would realize in a current market exchange and may not be indicative of the gains or losses we may ultimately incur when these contracts are settled. The following table presents the location and fair value amounts of derivative instruments reported in the consolidated balance sheets: September 30, 2020 December 31, 2019 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 289.8 $ 245.8 $ 94.3 $ 125.0 Long-term - Derivative financial instruments 22.9 35.6 34.8 48.0 Total derivatives designated as hedging instruments 312.7 281.4 129.1 173.0 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 20.9 34.4 7.6 16.3 Long-term - Derivative financial instruments — 0.1 0.4 0.4 Total derivatives not designated as hedging instruments 20.9 34.5 8.0 16.7 Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium — — 4.3 — Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives — — — 4.3 Total derivatives $ 333.6 $ 315.9 $ 141.4 $ 194.0 Cash flow hedges of forecasted transactions qualifying for hedge accounting, net of tax, resulted in accumulated other comprehensive losses of $7.7 million and $5.8 million at September 30, 2020 and December 31, 2019, respectively. We expect to transfer an approximate $41.1 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 table presents the gains (losses) recognized in other comprehensive income related to derivative instruments designated as cash flow hedges: Gain (Loss) Recognized in OCI Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Foreign exchange contracts $ 54.1 $ (47.0) $ (17.5) $ (44.0) The following represents the effect of cash flow hedge accounting on the consolidated statements of income for the three and nine months ended September 30, 2020 and 2019: (In millions) Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 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 $ (23.8) $ 18.3 $ — $ (2.0) $ (3.1) $ 1.6 $ — $ 23.3 Amounts excluded from effectiveness testing 3.5 (3.2) 0.1 13.1 2.6 (2.9) — (8.6) Total cash flow hedge gain (loss) recognized in income (20.3) 15.1 0.1 11.1 (0.5) (1.3) — 14.7 Total hedge gain (loss) recognized in income $ (20.3) $ 15.1 $ 0.1 $ 11.1 $ (0.5) $ (1.3) $ — $ 14.7 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1) 1.4 — 4.6 (0.1) 0.1 — (19.4) Total $ (20.4) $ 16.5 $ 0.1 $ 15.7 $ (0.6) $ (1.2) $ — $ (4.7) (In millions) Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 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 $ (57.3) $ 48.0 $ (0.4) $ (3.2) $ (15.6) $ 6.5 $ 0.1 $ 21.9 Amounts excluded from effectiveness testing 6.0 (8.0) — 21.6 1.5 (5.1) — (30.7) Total cash flow hedge gain (loss) recognized in income (51.3) 40.0 (0.4) 18.4 (14.1) 1.4 0.1 (8.8) Total hedge gain (loss) recognized in income $ (51.3) $ 40.0 $ (0.4) $ 18.4 $ (14.1) $ 1.4 $ 0.1 $ (8.8) Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.8) 2.7 — (24.4) (1.2) — — (14.4) Total $ (52.1) $ 42.7 $ (0.4) $ (6.0) $ (15.3) $ 1.4 $ 0.1 $ (23.2) Balance Sheet Offsetting - We execute derivative contracts with counterparties that consent to a master netting agreement, which permits net settlement of the gross derivative assets against gross derivative liabilities. Each instrument is accounted for individually and assets and liabilities are not offset. As of September 30, 2020 and December 31, 2019, we had no collateralized derivative contracts. The following tables present both gross information and net information of recognized derivative instruments: September 30, 2020 December 31, 2019 (In millions) Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Derivative assets $ 333.6 $ (184.4) $ 149.2 $ 141.4 $ (112.5) $ 28.9 Derivative liabilities $ 315.9 $ (184.4) $ 131.5 $ 194.0 $ (112.5) $ 81.5

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2020 December 31, 2019 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities (a) $ 33.2 $ 33.2 $ — $ — $ 54.8 $ 54.8 $ — $ — Money market fund 1.6 — 1.6 — 1.5 — 1.5 — Stable value fund (b) 0.8 — — — 2.1 — — — Held-to-maturity debt securities 71.9 — 71.9 — 71.9 — 71.9 — Derivative financial instruments Synthetic bonds - call option premium — — — — 4.3 — 4.3 — Foreign exchange contracts 333.6 — 333.6 — 137.1 — 137.1 — Assets held for sale 56.8 — — 56.8 25.8 — — 25.8 Total assets $ 497.9 $ 33.2 $ 407.1 $ 56.8 $ 297.5 $ 54.8 $ 214.8 $ 25.8 Liabilities Redeemable financial liability $ 281.7 $ — $ — $ 281.7 $ 268.8 $ — $ — $ 268.8 Derivative financial instruments Synthetic bonds - embedded derivatives — — — — 4.3 — 4.3 — Foreign exchange contracts 315.9 — 315.9 — 189.7 — 189.7 — Liabilities held for sale — — — — 9.3 — — 9.3 Total liabilities $ 597.6 $ — $ 315.9 $ 281.7 $ 472.1 $ — $ 194.0 $ 278.1 (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 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 - The 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. As of September 30, 2020, our G1200 vessel is classified as held for sale. Mandatorily redeemable financial liability – We have a mandatorily redeemable financial liability which is recorded at its fair value. The mandatorily redeemable financial liability relates to our voting control interests in legal Technip Energies contract entities which own and account for the design, engineering and construction of the Yamal LNG plant. The fair value is determined 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 non-controlling interest holders. Expected dividends to be distributed are based on the non-controlling interests’ share of the expected profitability of the underlying contract, a 15.0% discount rate and the overall timing of completion of the project. As of September 30, 2020, the fair value of the mandatorily redeemable financial liability was $281.7 million. See Note 9 for further details. A decrease of one percentage point in the discount rate would have increased the liability by $2.6 million as of September 30, 2020. 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 Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Balance at beginning of period $ 219.8 $ 412.8 $ 268.8 $ 408.5 Expenses recognized in net interest expense (61.9) (99.1) (148.2) (324.0) Less: Settlements — 223.1 135.3 443.7 Balance at end of period $ 281.7 $ 288.8 $ 281.7 $ 288.8 Redeemable non-controlling interest - We own a 51% share in Island Offshore Subsea AS that was subsequently renamed to TIOS AS. The non-controlling 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 in the fair value measurements hierarchy. As of September 30, 2020 and December 31, 2019, the fair value of our redeemable non-controlling interest was $42.1 million and $41.1 million, respectively . 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 20 for further details. Nonrecurring Fair Value Measurements Fair value of long-lived, non-financial assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts of such assets may not be recoverable. The following summarizes impairments of long-lived assets and related post-impairment fair value for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 2020 2019 (In millions) Impairment Fair Value (a) Impairment Fair Value (a) Long-lived assets $ 169.6 $ 353.3 $ 127.5 $ 104.0 (b) (a) Measured as of the impairment date using the income approach and a 10.8% risk-adjusted rate of interest, resulting in a Level 3 fair value measurement. (b) Includes $104.0 million fair value of vessels determined using the transaction price of a similar vessel, resulting in a Level 2 fair value measurement. 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. Fair value of debt - We use a market approach to determine the fair value of our fixed-rate debt using observable market data, which results in a Level 2 fair value measurement. The estimated fair value of our private placement notes, senior notes and synthetic bonds was $2,159.4 million and $2,078.2 million as of September 30, 2020 and December 31, 2019, respectively. 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 collectability 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	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENT On October 7, 2020 we signed a Memorandum of Understanding with McPhy Energy S.A. (“McPhy”), a leading manufacturer and supplier of carbon-free hydrogen production and distribution equipment, pursuant to which we will work jointly on technology development and project implementation. Following McPhy’s €180 million private placement offering that was announced by McPhy on October 14, 2020, we also subscribed to 638,297 McPhy shares for €15 million that represents 2.29% of McPhy’s capital. Pursuant to the share subscription agreement, we will receive representation on McPhy’s Board of Directors, and our nominee(s) for director will be subject to approval at the next McPhy shareholders’ general meeting to be held on or before January 31, 2021.

Basis Of Presentation and Sig_2

Basis Of Presentation and Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of presentation	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements of TechnipFMC plc and its consolidated subsidiaries (“TechnipFMC”, the “Company,” “we,” “us,” or “our”) 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, 2019. 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, 2020.
Reclassifications	Reclassifications – Certain prior-year amounts have been reclassified to conform to the current year’s presentation.

New Accounting Standards (Table

New Accounting Standards (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table summarizes the balances of financial assets and non-financial assets at amortized cost as of January 1, 2020: (In millions) As reported at December 31, 2019 Impact of ASC 326 Balance at January 1, 2020 Trade receivables, net $ 2,287.1 $ (3.8) $ 2,283.3 Loans receivable, net 138.5 (1.5) 137.0 Security deposits and other, net 36.6 (1.0) 35.6 Held-to-maturity Debt securities at amortized cost 71.9 (1.1) 70.8 Total financial assets $ 2,534.1 $ (7.4) $ 2,526.7 Non-financial assets Contract assets, net $ 1,520.0 $ (2.5) $ 1,517.5
Financing Receivable Credit Quality Indicators	The table below summarizes the amortized cost basis of financial assets by years of origination and credit quality. The key credit quality indicator is updated as of September 30, 2020. (In millions) Year of origination Balance at September 30, 2020 Loans receivables, security deposits and other Moody’s rating Ba2 2019 $ 154.6 Debt securities at amortized cost Moody’s rating B3 2019 70.8 Total financial assets $ 225.4
Financing Receivable, Allowance for Credit Loss	The table below shows the roll-forward of allowance for credit losses for the nine months ended September 30, 2020. Balance at September 30, 2020 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Beginning balance in allowance for credit losses $ 99.2 $ 5.0 $ 9.5 $ 1.6 $ 1.1 Current period provision for expected credit losses 45.0 0.1 0.2 0.8 — Write-offs charged against the allowance (1.8) — — — — Recoveries (4.8) (2.5) (0.7) (0.9) — Ending balance in the allowance for credit losses $ 137.6 $ 2.6 $ 9.0 $ 1.5 $ 1.1

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following tables present products and services revenue by geography for each reportable segment for the three and nine months ended September 30, 2020 and 2019: Reportable Segments Three Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Europe, Russia, Central Asia $ 478.3 $ 821.5 $ 43.6 $ 390.8 $ 682.4 $ 55.5 Americas 493.5 199.1 64.8 513.1 156.9 171.0 Asia Pacific 220.6 255.9 25.7 171.0 311.7 50.3 Africa 254.2 248.6 10.5 143.6 158.6 14.9 Middle East 42.2 83.1 64.3 81.2 286.7 61.7 Total products and services revenue $ 1,488.8 $ 1,608.2 $ 208.9 $ 1,299.7 $ 1,596.3 $ 353.4 Reportable Segments Nine Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Europe, Russia, Central Asia $ 1,327.9 $ 2,074.6 $ 142.2 $ 1,250.0 $ 1,975.2 $ 171.3 Americas 1,437.9 794.6 295.2 1,232.0 514.2 564.1 Asia Pacific 543.7 804.5 88.0 448.4 889.1 139.4 Africa 637.0 660.5 38.8 663.2 330.1 41.1 Middle East 144.1 360.0 169.8 352.0 727.8 183.5 Total products and services revenue $ 4,090.6 $ 4,694.2 $ 734.0 $ 3,945.6 $ 4,436.4 $ 1,099.4 The following tables represent revenue by contract type for each reportable segment for the three and nine months ended September 30, 2020 and 2019: Reportable Segments Three Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Services $ 865.2 $ 1,584.6 $ 29.2 $ 743.8 $ 1,596.3 $ 69.5 Products 623.6 23.6 179.7 555.9 — 283.9 Total products and services revenue 1,488.8 1,608.2 208.9 1,299.7 1,596.3 353.4 Lease 13.0 — 16.8 42.5 — 43.2 Total revenue $ 1,501.8 $ 1,608.2 $ 225.7 $ 1,342.2 $ 1,596.3 $ 396.6 Reportable Segments Nine Months Ended September 30, 2020 September 30, 2019 (In millions) Subsea Technip Energies Surface Technologies Subsea Technip Energies Surface Technologies Services $ 2,346.9 $ 4,639.3 $ 115.7 $ 2,359.6 $ 4,436.4 $ 213.5 Products 1,743.7 54.9 618.3 1,586.0 — 885.9 Total products and services revenue 4,090.6 4,694.2 734.0 3,945.6 4,436.4 1,099.4 Lease 42.8 — 62.9 90.6 — 110.3 Total revenue $ 4,133.4 $ 4,694.2 $ 796.9 $ 4,036.2 $ 4,436.4 $ 1,209.7
Contract balances	The following table provides information about net contract liabilities as of September 30, 2020 and December 31, 2019: (In millions) September 30, December 31, $ change % change Contract assets $ 1,470.0 $ 1,520.0 $ (50.0) (3.3) Contract (liabilities) (4,643.4) (4,585.1) (58.3) (1.3) Net contract liabilities $ (3,173.4) $ (3,065.1) $ (108.3) (3.5)
Remaining revenue performance obligations	The following table details the order backlog for each business segment as of September 30, 2020: (In millions) 2020 2021 Thereafter Subsea $ 1,068.0 $ 3,402.5 $ 2,747.5 Technip Energies 1,611.0 5,790.1 4,658.1 Surface Technologies 146.4 203.7 18.8 Total order backlog $ 2,825.4 $ 9,396.3 $ 7,424.4

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting, Measurement Disclosures [Abstract]
Segment revenue and segment operating profit	Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Segment revenue Subsea $ 1,501.8 $ 1,342.2 $ 4,133.4 $ 4,036.2 Technip Energies 1,608.2 1,596.3 4,694.2 4,436.4 Surface Technologies 225.7 396.6 796.9 1,209.7 Total revenue $ 3,335.7 $ 3,335.1 $ 9,624.5 $ 9,682.3 Segment operating profit (loss) Subsea $ 20.3 $ (79.6) $ (2,806.0) $ 65.0 Technip Energies 129.5 284.6 512.0 714.3 Surface Technologies (7.0) 6.1 (444.4) 42.1 Total segment operating profit (loss) $ 142.8 $ 211.1 $ (2,738.4) $ 821.4 Corporate items Impairment, restructuring and other expenses (3.8) (3.2) (9.3) (13.5) Separation costs — (9.4) (27.1) (9.4) Merger transaction costs — (6.2) — (31.2) Legal expenses — 0.6 — (54.6) Other corporate expenses (a) (23.9) (57.4) (89.3) (169.9) Corporate expense (27.7) (75.6) (125.7) (278.6) Net interest expense (91.8) (116.5) (238.5) (345.3) Foreign exchange gains (losses) 5.6 (53.2) (43.5) (82.8) Total corporate items (113.9) (245.3) (407.7) (706.7) Income (loss) before income taxes (b) $ 28.9 $ (34.2) $ (3,146.1) $ 114.7 (a) Other corporate expenses primarily include corporate staff expenses, share-based compensation expenses, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.
Segment operating capital employed and segment assets	Segment assets were as follows: (In millions) September 30, December 31, 2019 Segment assets Subsea $ 7,218.6 $ 10,824.2 Technip Energies 4,696.7 4,448.8 Surface Technologies 1,450.5 2,246.4 Total segment assets 13,365.8 17,519.4 Corporate (a) 5,545.4 5,999.4 Total assets $ 18,911.2 $ 23,518.8 (a) Corporate includes cash, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Reconciliation of the number of shares used for the basic and diluted earnings per share	A reconciliation of the number of shares used for the basic and diluted earnings per share calculation was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2020 2019 2020 2019 Net loss attributable to TechnipFMC plc $ (3.9) $ (119.1) $ (3,248.3) $ (1.2) Weighted average number of shares outstanding 449.4 446.9 448.4 448.6 Dilutive effect of restricted stock units — — — — Dilutive effect of performance shares — — — — Total shares and dilutive securities 449.4 446.9 448.4 448.6 Basic earnings (loss) per share attributable to TechnipFMC plc $ (0.01) $ (0.27) $ (7.24) $ — Diluted earnings (loss) per share attributable to TechnipFMC plc $ (0.01) $ (0.27) $ (7.24) $ —
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Weighted average shares of the following share-based compensation awards were excluded from the calculation of diluted weighted average number of shares where the assumed proceeds exceed the average market price from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive: Three Months Ended Nine Months Ended September 30, September 30, (millions of shares) 2020 2019 2020 2019 Share option awards 4.7 4.3 4.7 3.5 Restricted share units 4.5 — 1.8 0.1 Performance shares 4.5 0.6 2.0 0.3 Total 13.7 4.9 8.5 3.9

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Components Of Inventories	Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 272.8 $ 347.5 Work in process 246.8 290.2 Finished goods 819.5 778.3 Inventories, net $ 1,339.1 $ 1,416.0

Other Current Assets & Other _2

Other Current Assets & Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Other Current Assets and Other Current Liabilities [Abstract]
Schedule of other current assets	Other current assets consisted of the following: (In millions) September 30, December 31, Value-added tax receivables $ 437.7 $ 395.2 Sundry receivables 160.8 69.6 Prepaid expenses 130.5 66.8 Other taxes receivables 73.4 100.7 Held-to-maturity investments 71.9 49.7 Asset held for sale 56.8 25.8 Current financial assets at amortized cost 39.2 42.0 Other 67.6 113.9 Total other current assets $ 1,037.9 $ 863.7
Schedule of other current liabilities	Other current liabilities consisted of the following: (In millions) September 30, December 31, Warranty accruals and project contingencies (Note 10) $ 250.5 $ 310.1 Value added tax and other taxes payable 216.9 240.4 Legal provisions 176.7 183.6 Redeemable financial liability 165.9 129.1 Social security liability 112.9 116.5 Provisions 90.5 86.6 Compensation accrual 38.2 89.6 Current portion of accrued pension and other post-retirement benefits 16.1 14.9 Liabilities held for sale — 9.3 Other accrued liabilities 259.0 314.4 Total other current liabilities $ 1,326.7 $ 1,494.5

Warranty Obligations Warranty_2

Warranty Obligations Warranty Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	A reconciliation of warranty obligations for the three and nine months ended September 30, 2020 and 2019 is as following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Balance at beginning of period $ 172.6 $ 206.0 $ 193.5 $ 234.4 Warranty expenses 27.9 21.7 74.3 59.1 Adjustment to existing accruals (12.1) 8.2 (69.0) (36.7) Claims paid (10.0) (32.9) (20.4) (53.8) Balance at end of period $ 178.4 $ 203.0 $ 178.4 $ 203.0

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
	Sep. 30, 2020
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 Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Subsea $ 12.9 $ 23.3 $ 49.7 $ 49.5 Technip Energies (1.8) 2.6 3.2 4.5 Income from equity affiliates $ 11.1 $ 25.9 $ 52.9 $ 54.0

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions Receivables	Trade receivables consisted of receivables due from the following related parties: (In millions) September 30, December 31, 2019 TP JGC Coral France SNC $ 34.0 $ 40.1 TTSJV W.L.L. 21.8 22.4 Novarctic SNC 9.8 — Others 15.4 14.3 Total trade receivables $ 81.0 $ 76.8
Related Party Transactions Payables	Trade payables consisted of payables due to the following related parties: (In millions) September 30, December 31, 2019 Chiyoda $ 15.0 $ 24.8 JGC Corporation 2.5 15.1 IFP Energies nouvelles — 2.4 Dofcon Navegacao 0.3 2.1 Others 1.6 6.7 Total trade payables $ 19.4 $ 51.1
Related Party Transactions Revenue and Expenses	Revenue consisted of amounts from the following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 TTSJV W.L.L. $ 9.7 $ 27.9 $ 38.3 $ 107.4 TP JGC Coral France SNC 12.3 17.7 31.5 95.4 Novarctic SNC 3.5 — 9.2 — Techdof Brasil AS 2.0 5.2 6.4 8.5 Dofcon Navegacao 0.8 1.4 1.4 7.1 Anadarko Petroleum Company — 26.3 — 67.1 TOP CV — 2.1 — 6.1 Others 19.1 11.7 27.0 26.9 Total revenue $ 47.4 $ 92.3 $ 113.8 $ 318.5 A member of our Board of Directors (the “Director”) served on the Board of Directors of Anadarko Petroleum Company (“Anadarko”) until August 2019. In August 2019, Anadarko was acquired by Occidental Petroleum Corporation (“Occidental”). As a result, the Director no longer serves as a member of the Board of Directors of Anadarko. The Director is not an officer or director of Occidental. Techdof Brasil AS is a wholly owned subsidiary of Dofcon Brasil AS, our equity method affiliate. TOP CV was previously an equity method affiliate that became a fully consolidated subsidiary on December 30, 2019. See Note 3 for further details. Novarctic SNC is our equity method affiliate. Expenses consisted of amounts to the following related parties: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Dofcon Navegacao $ 5.2 $ — $ 17.0 $ 0.4 Chiyoda 0.9 7.7 0.9 25.3 Arkema S.A. 0.7 6.4 3.5 16.2 JGC Corporation 0.3 1.0 0.7 19.9 Serimax Holdings SAS — — — 17.7 Others 6.1 14.7 20.8 28.1 Total expenses $ 13.2 $ 29.8 $ 42.9 $ 107.6

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amount of goodwill by business segment was as follows: (In millions) Subsea Technip Energies Surface Total December 31, 2019 $ 2,814.1 $ 2,423.6 $ 360.6 $ 5,598.3 Transfers (a) (21.2) 46.1 (24.9) — Impairments (2,747.5) — (335.9) (3,083.4) Translation (45.4) 19.0 0.2 (26.2) September 30, 2020 $ — $ 2,488.7 $ — $ 2,488.7 (a) Beginning in the first quarter of 2020, Technip Energies includes our Loading Systems business that was previously reported in the Surface Technologies segment and our process automation business, Cybernetix, that was previously reported in the Subsea segment. See Note 6 for further details.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following: (In millions) September 30, December 31, Commercial paper $ 1,507.3 $ 1,967.0 Synthetic bonds due 2021 522.8 492.9 3.45% Senior Notes due 2022 500.0 500.0 5.00% 2010 Private placement notes due 2020 — 224.6 3.40% 2012 Private placement notes due 2022 175.6 168.5 3.15% 2013 Private placement notes due 2023 152.2 146.0 3.15% 2013 Private placement notes due 2023 146.3 140.4 4.50% 2020 Private placement notes due 2025 234.2 — 4.00% 2012 Private placement notes due 2027 87.8 84.2 4.00% 2012 Private placement notes due 2032 117.1 112.3 3.75% 2013 Private placement notes due 2033 117.1 112.3 Bank borrowings and other 314.3 536.3 Unamortized issuing fees (14.5) (9.1) Total debt 3,860.2 4,475.4 Less: current borrowings (a) 612.2 495.4 Long-term debt $ 3,248.0 $ 3,980.0

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	(In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2019 $ (1,230.1) $ (5.8) $ (171.6) $ (1,407.5) $ (4.7) Other comprehensive income (loss) before reclassifications, net of tax (208.3) (9.1) (0.4) (217.8) (6.4) Reclassification adjustment for net losses included in net income (loss), net of tax — 8.7 7.5 16.2 — Other comprehensive income (loss), net of tax (208.3) (0.4) 7.1 (201.6) (6.4) September 30, 2020 $ (1,438.4) $ (6.2) $ (164.5) $ (1,609.1) $ (11.1)
Reclassifications out of accumulated other comprehensive loss	Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Affected Line Item in the Condensed Consolidated Statements of Income Gains (losses) on hedging instruments Foreign exchange contracts $ (23.8) $ (3.1) $ (57.3) $ (15.6) Revenue 18.3 1.6 48.0 6.5 Cost of sales — — (0.4) 0.1 Selling, general and administrative expense (2.0) 23.3 (3.2) 21.9 Other income (expense), net (7.5) 21.8 (12.9) 12.9 Loss before income taxes (3.6) 4.7 (4.2) 2.2 Provision for income taxes (Note 19) $ (3.9) $ 17.1 $ (8.7) $ 10.7 Net loss Pension and other post-retirement benefits Amortization of prior service credit (cost) (0.3) (1.0) (0.8) (2.7) (a) Amortization of net actuarial loss (0.6) — (6.5) — (a) (0.9) (1.0) (7.3) (2.7) Loss before income taxes 1.7 (0.1) 0.2 (0.4) Provision for income taxes (Note 19) $ (2.6) $ (0.9) $ (7.5) $ (2.3) Net 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)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Impairment, restructuring and other expenses	Impairment, restructuring and other expenses were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Subsea $ 43.4 $ 131.2 $ 2,912.8 $ 138.0 Technip Energies 36.1 5.2 78.8 11.1 Surface Technologies 8.7 0.7 439.8 3.4 Corporate and other 3.8 3.2 9.3 13.5 Total impairment, restructuring and other expenses $ 92.0 $ 140.3 $ 3,440.7 $ 166.0
Schedule of Goodwill and Long-Lived Assets Impairment	Goodwill and long-lived assets impairments were as follows: Three Months Ended September 30, Nine Months Ended September 30, (In millions) 2020 2019 2020 2019 Subsea $ 17.6 $ 126.3 $ 2,826.6 $ 126.9 Technip Energies 5.7 — 5.7 — Surface Technologies 5.4 — 418.1 0.6 Corporate and other 2.6 — 2.6 — Total impairments $ 31.3 $ 126.3 $ 3,253.0 $ 127.5
Restructuring, other and COVID-19 expenses	Restructuring and other expenses were as follows: Three Months Ended September 30, 2020 2019 (In millions) Restructuring and other charges COVID-19 expenses Restructuring and other charges Subsea $ 7.1 $ 18.7 $ 4.9 Technip Energies 15.1 15.3 5.2 Surface Technologies 0.9 2.4 0.7 Corporate and other 1.2 — 3.2 Total $ 24.3 $ 36.4 $ 14.0 Nine Months Ended September 30, 2020 2019 (In millions) Restructuring and other charges COVID-19 expenses Restructuring and other charges Subsea $ 36.1 $ 50.1 $ 11.1 Technip Energies 29.1 44.0 11.1 Surface Technologies 14.0 7.7 2.8 Corporate and other 6.7 — 13.5 Total $ 85.9 $ 101.8 $ 38.5

Commitments And Contingent Li_2

Commitments And Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of guarantor obligations	Guarantees consisted of the following: (In millions) September 30, December 31, Financial guarantees (a) $ 960.3 $ 945.5 Performance guarantees (b) 4,656.3 4,916.0 Maximum potential undiscounted payments $ 5,616.6 $ 5,861.5 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	At September 30, 2020, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 1,717.0 2,010.2 British pound 880.1 1,128.9 Australian dollar 173.5 123.5 Singapore dollar 105.6 77.1 Malaysian ringgit 252.8 60.8 Norwegian krone 564.5 59.5 Indian rupee 2,994.9 40.6 Japanese yen 2,157.7 20.4 Kuwait dinar 5.1 16.6 Saudi riyal (41.2) (11.0) Hong Kong dollar (90.6) (11.7) Mexican peso (831.4) (37.2) Brazilian real (1,145.7) (203.1) U.S. dollar (2,378.1) (2,378.1) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects or comply with government restrictions on the currency used to purchase goods in certain countries. At September 30, 2020, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 60.5 10.7 Euro (1.7) (2.0) Norwegian krone (100.0) (10.5) U.S. dollar 0.6 0.6
Schedule of fair value of derivative instruments	The following table presents the location and fair value amounts of derivative instruments reported in the consolidated balance sheets: September 30, 2020 December 31, 2019 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 289.8 $ 245.8 $ 94.3 $ 125.0 Long-term - Derivative financial instruments 22.9 35.6 34.8 48.0 Total derivatives designated as hedging instruments 312.7 281.4 129.1 173.0 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 20.9 34.4 7.6 16.3 Long-term - Derivative financial instruments — 0.1 0.4 0.4 Total derivatives not designated as hedging instruments 20.9 34.5 8.0 16.7 Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium — — 4.3 — Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives — — — 4.3 Total derivatives $ 333.6 $ 315.9 $ 141.4 $ 194.0
Schedule of location of gains (losses) related to derivative instruments designated as cash flow hedges	The following table presents the gains (losses) recognized in other comprehensive income related to derivative instruments designated as cash flow hedges: Gain (Loss) Recognized in OCI Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Foreign exchange contracts $ 54.1 $ (47.0) $ (17.5) $ (44.0)
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 nine months ended September 30, 2020 and 2019: (In millions) Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 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 $ (23.8) $ 18.3 $ — $ (2.0) $ (3.1) $ 1.6 $ — $ 23.3 Amounts excluded from effectiveness testing 3.5 (3.2) 0.1 13.1 2.6 (2.9) — (8.6) Total cash flow hedge gain (loss) recognized in income (20.3) 15.1 0.1 11.1 (0.5) (1.3) — 14.7 Total hedge gain (loss) recognized in income $ (20.3) $ 15.1 $ 0.1 $ 11.1 $ (0.5) $ (1.3) $ — $ 14.7 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1) 1.4 — 4.6 (0.1) 0.1 — (19.4) Total $ (20.4) $ 16.5 $ 0.1 $ 15.7 $ (0.6) $ (1.2) $ — $ (4.7) (In millions) Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 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 $ (57.3) $ 48.0 $ (0.4) $ (3.2) $ (15.6) $ 6.5 $ 0.1 $ 21.9 Amounts excluded from effectiveness testing 6.0 (8.0) — 21.6 1.5 (5.1) — (30.7) Total cash flow hedge gain (loss) recognized in income (51.3) 40.0 (0.4) 18.4 (14.1) 1.4 0.1 (8.8) Total hedge gain (loss) recognized in income $ (51.3) $ 40.0 $ (0.4) $ 18.4 $ (14.1) $ 1.4 $ 0.1 $ (8.8) Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.8) 2.7 — (24.4) (1.2) — — (14.4) Total $ (52.1) $ 42.7 $ (0.4) $ (6.0) $ (15.3) $ 1.4 $ 0.1 $ (23.2)
Schedule of derivative assets, gross and net	The following tables present both gross information and net information of recognized derivative instruments: September 30, 2020 December 31, 2019 (In millions) Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Derivative assets $ 333.6 $ (184.4) $ 149.2 $ 141.4 $ (112.5) $ 28.9 Derivative liabilities $ 315.9 $ (184.4) $ 131.5 $ 194.0 $ (112.5) $ 81.5
Schedule of derivative liabilities, gross and net	The following tables present both gross information and net information of recognized derivative instruments: September 30, 2020 December 31, 2019 (In millions) Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Derivative assets $ 333.6 $ (184.4) $ 149.2 $ 141.4 $ (112.5) $ 28.9 Derivative liabilities $ 315.9 $ (184.4) $ 131.5 $ 194.0 $ (112.5) $ 81.5

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
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: September 30, 2020 December 31, 2019 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities (a) $ 33.2 $ 33.2 $ — $ — $ 54.8 $ 54.8 $ — $ — Money market fund 1.6 — 1.6 — 1.5 — 1.5 — Stable value fund (b) 0.8 — — — 2.1 — — — Held-to-maturity debt securities 71.9 — 71.9 — 71.9 — 71.9 — Derivative financial instruments Synthetic bonds - call option premium — — — — 4.3 — 4.3 — Foreign exchange contracts 333.6 — 333.6 — 137.1 — 137.1 — Assets held for sale 56.8 — — 56.8 25.8 — — 25.8 Total assets $ 497.9 $ 33.2 $ 407.1 $ 56.8 $ 297.5 $ 54.8 $ 214.8 $ 25.8 Liabilities Redeemable financial liability $ 281.7 $ — $ — $ 281.7 $ 268.8 $ — $ — $ 268.8 Derivative financial instruments Synthetic bonds - embedded derivatives — — — — 4.3 — 4.3 — Foreign exchange contracts 315.9 — 315.9 — 189.7 — 189.7 — Liabilities held for sale — — — — 9.3 — — 9.3 Total liabilities $ 597.6 $ — $ 315.9 $ 281.7 $ 472.1 $ — $ 194.0 $ 278.1 (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 Nine Months Ended September 30, September 30, (In millions) 2020 2019 2020 2019 Balance at beginning of period $ 219.8 $ 412.8 $ 268.8 $ 408.5 Expenses recognized in net interest expense (61.9) (99.1) (148.2) (324.0) Less: Settlements — 223.1 135.3 443.7 Balance at end of period $ 281.7 $ 288.8 $ 281.7 $ 288.8
Fair Value Measurements, Nonrecurring	The following summarizes impairments of long-lived assets and related post-impairment fair value for the nine months ended September 30, 2020 and 2019: Nine Months Ended September 30, 2020 2019 (In millions) Impairment Fair Value (a) Impairment Fair Value (a) Long-lived assets $ 169.6 $ 353.3 $ 127.5 $ 104.0 (b) (a) Measured as of the impairment date using the income approach and a 10.8% risk-adjusted rate of interest, resulting in a Level 3 fair value measurement. (b) Includes $104.0 million fair value of vessels determined using the transaction price of a similar vessel, resulting in a Level 2 fair value measurement.

Planned Separation Transaction

Planned Separation Transaction (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Planned Separation Transaction [Abstract]
Separation costs	$ 0	$ 9.4	$ 27.1	$ 9.4

Business Combination Transact_2

Business Combination Transactions (Narrative) (Details) $ in Millions	Dec. 31, 2019USD ($)
TOP CV
Business Acquisition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	$ 391
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	335.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	239.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt	$ 203.1
TOP CV | Subsea
Business Acquisition
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage	50.00%

New Accounting Standards Receiv

New Accounting Standards Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Security deposits and other, net	$ 39.2		$ 42
Total financial assets		$ 2,526.7	2,534.1
Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total financial assets		(7.4)
Trade receivable, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, net		2,283.3	2,287.1
Trade receivable, net | Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, net		(3.8)
Loans receivable, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net		137	138.5
Loans receivable, net | Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net		(1.5)
Security deposit and other, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Security deposits and other, net		35.6	36.6
Security deposit and other, net | Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Security deposits and other, net		(1)
Debt securities at amortized cost
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt securities at amortized cost		70.8	71.9
Debt securities at amortized cost | Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt securities at amortized cost		(1.1)
Contract assets, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets, net		1,517.5	$ 1,520
Contract assets, net | Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets, net		$ (2.5)

New Accounting Standards Financ

New Accounting Standards Financing Receivable Credit Quality Indicators (Details) $ in Millions	Sep. 30, 2020USD ($)
Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	$ 225.4
Moody's, Ba2 Rating
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	154.6
Moody's, B3 Rating
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	$ 70.8

New Accounting Standards Fina_2

New Accounting Standards Financing Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Trade receivable, net
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts Receivable, Allowance for Credit Loss	$ 137.6	$ 99.2
Accounts Receivable, Credit Loss Expense (Reversal)	45
Accounts Receivable, Allowance for Credit Loss, Writeoff	1.8
Accounts Receivable, Allowance for Credit Loss, Recovery	4.8
Loans receivable, net
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans and Leases Receivable, Allowance	9	9.5
Financing Receivable, Credit Loss, Expense (Reversal)	0.2
Allowance for Loan and Lease Losses, Write-offs	0
Allowance for Loan and Lease Loss, Recovery of Bad Debts	(0.7)
Security deposit and other, net
Financing Receivable, Allowance for Credit Loss [Line Items]
Security Deposits and Other, Allowance for Credit Losses	1.5	1.6
Security Deposit and Other Credit Loss Expense (Reversal)	0.8
Security Deposits and other allowances for credit losses writeoff	0
Security Deposit and Other Asset, Allowance for Credit Loss Recoveries	(0.9)
Debt securities at amortized cost
Financing Receivable, Allowance for Credit Loss [Line Items]
Held-to-maturity debt securities, allowance for credit loss	1.1	1.1
Debt Securities, Held-to-maturity, Credit Loss Expense (Reversal)	0
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Writeoff	0
Held-to-maturity, allowance for credity loss, recovery	0
Contract assets, net
Financing Receivable, Allowance for Credit Loss [Line Items]
Contract with Customer, Asset, Allowance for Credit Loss	2.6	$ 5
Contract with Customer, Asset, Credit Loss Expense (Reversal)	0.1
Contract with Customer, Asset, Allowance for Credit Loss, Writeoff	0
Contract with Customer, Asset, Allowance for Credit Loss, Recovery	$ (2.5)

New Accounting Standards Credit

New Accounting Standards Credit losses (Details) - USD ($) $ in Millions	Sep. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Stockholders' Equity Attributable to Parent	$ 4,189.1		$ 7,659.3
Financing Receivable, Allowance for Credit Loss [Line Items]
Stockholders' Equity Attributable to Parent	$ 4,189.1		$ 7,659.3
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Accounting Policies [Abstract]
Stockholders' Equity Attributable to Parent		$ (7.8)
Financing Receivable, Allowance for Credit Loss [Line Items]
Stockholders' Equity Attributable to Parent		(7.8)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13 | Deferred Tax Asset
Accounting Policies [Abstract]
Stockholders' Equity Attributable to Parent		2.1
Financing Receivable, Allowance for Credit Loss [Line Items]
Stockholders' Equity Attributable to Parent		2.1
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13 | Retained Earnings
Accounting Policies [Abstract]
Stockholders' Equity Attributable to Parent		(7.8)
Financing Receivable, Allowance for Credit Loss [Line Items]
Stockholders' Equity Attributable to Parent		$ (7.8)

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue, Geographical (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Lease revenue	$ 29.8	$ 85.7	$ 105.7	$ 200.9
Total revenue	3,335.7	3,335.1	9,624.5	9,682.3
Services
Disaggregation of Revenue [Line Items]
Revenue	2,479	2,409.6	7,101.9	7,009.5
Products
Disaggregation of Revenue [Line Items]
Revenue	826.9	839.8	2,416.9	2,471.9
Subsea
Disaggregation of Revenue [Line Items]
Revenue	1,488.8	1,299.7	4,090.6	3,945.6
Lease revenue	13	42.5	42.8	90.6
Subsea | Services
Disaggregation of Revenue [Line Items]
Revenue	865.2	743.8	2,346.9	2,359.6
Subsea | Products
Disaggregation of Revenue [Line Items]
Revenue	623.6	555.9	1,743.7	1,586
Subsea | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	478.3	390.8	1,327.9	1,250
Subsea | Americas
Disaggregation of Revenue [Line Items]
Revenue	493.5	513.1	1,437.9	1,232
Subsea | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	220.6	171	543.7	448.4
Subsea | Africa
Disaggregation of Revenue [Line Items]
Revenue	254.2	143.6	637	663.2
Subsea | Middle East
Disaggregation of Revenue [Line Items]
Revenue	42.2	81.2	144.1	352
Technip Energies
Disaggregation of Revenue [Line Items]
Revenue	1,608.2	1,596.3	4,694.2	4,436.4
Lease revenue	0	0	0	0
Technip Energies | Services
Disaggregation of Revenue [Line Items]
Revenue	1,584.6	1,596.3	4,639.3	4,436.4
Technip Energies | Products
Disaggregation of Revenue [Line Items]
Revenue	23.6	0	54.9	0
Technip Energies | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	821.5	682.4	2,074.6	1,975.2
Technip Energies | Americas
Disaggregation of Revenue [Line Items]
Revenue	199.1	156.9	794.6	514.2
Technip Energies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	255.9	311.7	804.5	889.1
Technip Energies | Africa
Disaggregation of Revenue [Line Items]
Revenue	248.6	158.6	660.5	330.1
Technip Energies | Middle East
Disaggregation of Revenue [Line Items]
Revenue	83.1	286.7	360	727.8
Surface Technologies
Disaggregation of Revenue [Line Items]
Revenue	208.9	353.4	734	1,099.4
Lease revenue	16.8	43.2	62.9	110.3
Surface Technologies | Services
Disaggregation of Revenue [Line Items]
Revenue	29.2	69.5	115.7	213.5
Surface Technologies | Products
Disaggregation of Revenue [Line Items]
Revenue	179.7	283.9	618.3	885.9
Surface Technologies | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	43.6	55.5	142.2	171.3
Surface Technologies | Americas
Disaggregation of Revenue [Line Items]
Revenue	64.8	171	295.2	564.1
Surface Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	25.7	50.3	88	139.4
Surface Technologies | Africa
Disaggregation of Revenue [Line Items]
Revenue	10.5	14.9	38.8	41.1
Surface Technologies | Middle East
Disaggregation of Revenue [Line Items]
Revenue	64.3	61.7	169.8	183.5
Operating Segments | Subsea
Disaggregation of Revenue [Line Items]
Total revenue	1,501.8	1,342.2	4,133.4	4,036.2
Operating Segments | Technip Energies
Disaggregation of Revenue [Line Items]
Total revenue	1,608.2	1,596.3	4,694.2	4,436.4
Operating Segments | Surface Technologies
Disaggregation of Revenue [Line Items]
Total revenue	$ 225.7	$ 396.6	$ 796.9	$ 1,209.7

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$ 1,470		$ 1,470		$ 1,520
Contract (liabilities)	4,643.4		4,643.4		4,585.1
Net contract liabilities	(3,173.4)		(3,173.4)		$ (3,065.1)
Contract assets, increase (decrease)			$ (50)
Contract with Customer, Asset, Net, Current, Increase (Decrease), Percent			(3.30%)
Contract (liabilities), (increase) decrease			$ (58.3)
Contract with Customer Liability, Current, Increase (Decrease), Percent			1.30%
Net contract assets (liabilities), increase (decrease)			$ (108.3)
Contract Assets (Liabilities), Current, Net, Increase (Decrease), Percent			(3.50%)
Contract with Customer, Liability, Revenue Recognized	228.1	$ 503.6	$ 1,102.5	$ 1,984.4
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 181.1	$ 281.7	$ 340	$ 775.1

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Sep. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, total amount	$ 19,646.1
Revenue, Remaining Performance Obligation, Amount	$ 2,825.4
Revenue, remaining performance obligation, percentage	14.40%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,068
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 | Technip Energies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,611
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 146.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 9,396.3
Revenue, remaining performance obligation, percentage	85.60%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 3,402.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Technip Energies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 5,790.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 203.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 7,424.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 2,747.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Technip Energies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 4,658.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 18.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	2 years

Business Segments (Schedule Of

Business Segments (Schedule Of Segment Revenue And Segment Operating Profit) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Segment Reporting Information
Revenue		$ 3,335.7	$ 3,335.1	$ 9,624.5		$ 9,682.3
Total segment operating profit (loss)		142.8	211.1	(2,738.4)		821.4
Corporate expense		(27.7)	(75.6)	(125.7)		(278.6)
Net interest expense		(91.8)	(116.5)	(238.5)		(345.3)
Total corporate items		(113.9)	(245.3)	(407.7)		(706.7)
Income (loss) before income taxes		28.9	(34.2)	(3,146.1)	[1]	114.7	[1]
Impairment, restructuring and other expenses (Note 17)		(92)	(140.3)	(3,440.7)		(166)
Separation costs		0	(9.4)	(27.1)		(9.4)
Merger transaction and integration costs			(6.2)			(31.2)
Legal Fees			(0.6)			54.6
Other Corporate Expenses	[2]	23.9	57.4	89.3		169.9
Foreign Currency Transaction Gain (Loss), Realized		5.6	(53.2)	(43.5)		(82.8)
Subsea
Segment Reporting Information
Impairment, restructuring and other expenses (Note 17)		(43.4)	(131.2)	(2,912.8)		(138)
Technip Energies
Segment Reporting Information
Impairment, restructuring and other expenses (Note 17)		(36.1)	(5.2)	(78.8)		(11.1)
Surface Technologies
Segment Reporting Information
Impairment, restructuring and other expenses (Note 17)		(8.7)	(0.7)	(439.8)		(3.4)
Corporate and other
Segment Reporting Information
Impairment, restructuring and other expenses (Note 17)		(3.8)	(3.2)	(9.3)		(13.5)
Operating Segments | Subsea
Segment Reporting Information
Revenue		1,501.8	1,342.2	4,133.4		4,036.2
Total segment operating profit (loss)		20.3	(79.6)	(2,806)		65
Operating Segments | Technip Energies
Segment Reporting Information
Revenue		1,608.2	1,596.3	4,694.2		4,436.4
Total segment operating profit (loss)		129.5	284.6	512		714.3
Operating Segments | Surface Technologies
Segment Reporting Information
Revenue		225.7	396.6	796.9		1,209.7
Total segment operating profit (loss)		$ (7)	$ 6.1	$ (444.4)		$ 42.1
[1]	Includes amounts attributable to non-controlling interests.
[2]	Other corporate expenses primarily include corporate staff expenses, share-based compensation expenses, and other employee benefits.

Business Segments (Segment Oper

Business Segments (Segment Operating Capital Employed And Segment Assets) (Details) - USD ($) $ in Millions		Sep. 30, 2020	Dec. 31, 2019
Segment Reporting Information
Total assets		$ 18,911.2	$ 23,518.8
Operating Segments
Segment Reporting Information
Total assets		13,365.8	17,519.4
Operating Segments | Subsea
Segment Reporting Information
Total assets		7,218.6	10,824.2
Operating Segments | Technip Energies
Segment Reporting Information
Total assets		4,696.7	4,448.8
Operating Segments | Surface Technologies
Segment Reporting Information
Total assets		1,450.5	2,246.4
Corporate
Segment Reporting Information
Total assets	[1]	$ 5,545.4	$ 5,999.4
[1]	Corporate includes cash, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.

Earnings Per Share (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 Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share
Net loss attributable to TechnipFMC plc	$ (3.9)	$ (119.1)	$ (3,248.3)	$ (1.2)
Weighted average number of shares outstanding (in shares)	449,400	446,900	448,400	448,600
Total shares and dilutive securities (in shares)	449,400	446,900	448,400	448,600
Basic earnings per share attributable to TechnipFMC plc (usd per share)	$ (0.01)	$ (0.27)	$ (7.24)
Diluted earnings per share attributable to technipFMC plc (usd per share)	$ (0.01)	$ (0.27)	$ (7.24)	$ 0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	13,700	4,900	8,500	3,900
Share-based Payment Arrangement, Option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,700	4,300	4,700	3,500
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,500	0	1,800	100
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,500	600	2,000	300
Retained Earnings
Antidilutive Securities Excluded from Computation of Earnings Per Share
Net loss attributable to TechnipFMC plc	$ (3.9)	$ (119.1)	$ (3,248.3)	$ (1.2)
Share-based Payment Arrangement, Option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	600	5,100	3,600	4,900

Inventories (Components Of Inve

Inventories (Components Of Inventories) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 272.8	$ 347.5
Work in process	246.8	290.2
Finished goods	819.5	778.3
Inventories, net	$ 1,339.1	$ 1,416

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Current Assets and Other Current Liabilities [Abstract]
Value-added tax receivables	$ 437.7	$ 395.2
Sundry receivables	160.8	69.6
Prepaid expenses	130.5	66.8
Other taxes receivable	73.4	100.7
Held-to-maturity Investments	71.9	49.7
Current financial assets at amortized cost	39.2	42
Assets held-for-sale	56.8	25.8
Other	67.6	113.9
Total other current assets	$ 1,037.9	$ 863.7

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Current Assets and Other Current Liabilities [Abstract]
Warranty accruals and project contingencies (Note 10)	$ 250.5	$ 310.1
Value added tax and other taxes payable	216.9	240.4
Legal provisions	176.7	183.6
Social security liability current	112.9	116.5
Provision	90.5	86.6
Redeemable Financial Liability	165.9	129.1
Compensation accrual	38.2	89.6
Current portion of accrued pension and other post-retirement benefits	16.1	14.9
Liabilities held for sale	0	9.3
Other accrued liabilities	259	314.4
Total other current liabilities	$ 1,326.7	$ 1,494.5

Warranty Obligations Warranty_3

Warranty Obligations Warranty Obligations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Product Warranties Disclosures [Abstract]
Standard and Extended Product Warranty Accrual	$ 178.4	$ 203	$ 178.4	$ 203	$ 172.6	$ 193.5	$ 206	$ 234.4
Warranty expenses	27.9	21.7	74.3	59.1
Adjustments to existing accruals	(12.1)	8.2	(69)	(36.7)
Claims paid	$ (10)	$ (32.9)	$ (20.4)	$ (53.8)

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of Equity Method Investments
Income from equity affiliates	$ 11.1	$ 25.9	$ 52.9	$ 54
Subsea
Schedule of Equity Method Investments
Income from equity affiliates	12.9	23.3	49.7	49.5
Technip Energies
Schedule of Equity Method Investments
Income from equity affiliates	$ (1.8)	$ 2.6	$ 3.2	$ 4.5

Related Party Transactions Sche

Related Party Transactions Schedule of Related Party Transactions (Tables) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Trade receivables	$ 81		$ 81		$ 76.8
Trade payables	19.4		19.4		51.1
Revenue	47.4	$ 92.3	113.8	$ 318.5
Expenses	13.2	29.8	42.9	107.6
TTSJV W.L.L. | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	21.8		21.8		22.4
Revenue	9.7	27.9	38.3	107.4
TOP CV | Equity Method Investee
Related Party Transaction [Line Items]
Revenue		2.1		6.1
Serimax Holdings SAS | Equity Method Investee
Related Party Transaction [Line Items]
Expenses		0		17.7
Chiyoda
Related Party Transaction [Line Items]
Trade payables	15		15		24.8
Expenses	0.9	7.7	0.9	25.3
JGC Corporation
Related Party Transaction [Line Items]
Trade payables	2.5		2.5		15.1
Expenses	0.3	1	0.7	19.9
Arkema S.A. | Director
Related Party Transaction [Line Items]
Expenses	0.7	6.4	3.5	16.2
IFP Energies nouvelles | Director
Related Party Transaction [Line Items]
Trade payables					2.4
Dofcon Navegacao
Related Party Transaction [Line Items]
Expenses	5.2		17	0.4
Dofcon Navegacao | Equity Method Investee
Related Party Transaction [Line Items]
Trade payables	0.3		0.3		2.1
Revenue	0.8	1.4	1.4	7.1
TP JGC Coral France SNC | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	34		34		40.1
Revenue	12.3	17.7	31.5	95.4
Anadarko Petroleum Company | Director
Related Party Transaction [Line Items]
Revenue		26.3		67.1
Others | Other Affiliates
Related Party Transaction [Line Items]
Trade receivables	15.4		15.4		14.3
Trade payables	1.6		1.6		6.7
Revenue	19.1	11.7	27	26.9
Expenses	6.1	14.7	20.8	28.1
Novarctic SNC | Equity Method Investee
Related Party Transaction [Line Items]
Trade receivables	9.8		9.8		$ 0
Techdof Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Revenue	$ 2	$ 5.2	$ 6.4	$ 8.5

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Note receivables	$ 52.8	$ 65.2
Dofcon Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Note receivables	$ 50.1	$ 62.5

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets Goodwill and Intangibles (Carrying Amount of Goodwill) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Goodwill [Rollforward]
Beginning Balance	$ 5,598.3
Impairments	3,083.4
Translation	(26.2)
Ending Balance	2,488.7
Subsea
Goodwill [Rollforward]
Beginning Balance	2,814.1
Transfers	(21.2)	[1]
Impairments	2,747.5
Translation	(45.4)
Technip Energies
Goodwill [Rollforward]
Beginning Balance	2,423.6
Transfers	46.1	[1]
Translation	19
Ending Balance	2,488.7
Surface Technologies
Goodwill [Rollforward]
Beginning Balance	360.6
Transfers	(24.9)	[1]
Impairments	335.9
Translation	$ 0.2
[1]	Beginning in the first quarter of 2020, Technip Energies includes our Loading Systems business that was previously reported in the Surface Technologies segment and our process automation business, Cybernetix, that was previously reported in the Subsea segment. See Note 6 for further details.

Debt (Schedule Of Long-Term Deb

Debt (Schedule Of Long-Term Debt) (Details) £ in Millions, $ in Millions		Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2016GBP (£)
Debt Instrument
Unamortized issuing fees		$ (14.5)	$ (9.1)
Total debt		3,860.2	4,475.4
Less: current borrowings (a)	[1]	612.2	495.4
Long-term debt		3,248	3,980
Goodwill, Gross		3,200
Commercial paper
Debt Instrument
Long-term debt, gross		1,507.3	1,967
Synthetic bonds due 2021
Debt Instrument
Long-term debt, gross		$ 522.8	$ 492.9
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		$ 0	$ 224.6
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		$ 175.6	$ 168.5
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		$ 152.2	$ 146
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		$ 146.3	$ 140.4
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		$ 87.8	$ 84.2
Private Placement Notes | 4.00% 2012 Private placement notes due 2032
Debt Instrument
Interest rate, stated percentage		4.00%	4.00%
Long-term debt, gross		$ 117.1	$ 112.3
Private Placement Notes | 3.75% 2013 Private placement notes due 2033
Debt Instrument
Interest rate, stated percentage		3.75%	3.75%
Long-term debt, gross		$ 117.1	$ 112.3
Private Placement Notes | Notes due 2025 4.50% [Domain]
Debt Instrument
Interest rate, stated percentage		4.50%	4.50%
Long-term debt, gross		$ 234.2	$ 0
Bank borrowings and other
Debt Instrument
Long-term debt, gross		$ 314.3	$ 536.3
Term Loan
Debt Instrument
Interest rate, stated percentage				2.813%
Debt Instrument, Face amount | £				£ 160
[1]	As of September 30, 2020 and December 31, 2019, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months.

Debt Debt (Revolving Credit Fac

Debt Debt (Revolving Credit Facility) (Details)	Jan. 17, 2017USD ($)	Sep. 30, 2020USD ($)	May 19, 2020EUR (€)
Line of Credit Facility
Goodwill, Gross		$ 3,200,000,000
Maximum capitalization ratio allowed by debt agreements		60.00%
Line of Credit | Revolving credit facility
Line of Credit Facility
Maximum borrowing capacity	$ 2,500,000,000		€ 500,000,000
Conditional Increase In Maximum Borrowing Capacity Under Line Of Credit Facility	500,000,000
Line of Credit | JPMorgan Chase Bank [Member] | Letter of Credit [Member]
Line of Credit Facility
Maximum borrowing capacity	$ 1,500,000,000
Federal Funds Rate and Overnight Bank Funding Rate spread [Member] | Revolving credit facility
Line of Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate (LIBOR) [Member] | Revolving credit facility
Line of Credit Facility
Debt Instrument, Basis Spread on Variable Rate	1.00%
Minimum [Member] | LIBOR and EURIBOR Loans [Member] | Revolving credit facility
Line of Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.82%
Minimum [Member] | Base Rate [Member] | Revolving credit facility
Line of Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maximum [Member] | LIBOR and EURIBOR Loans [Member] | Revolving credit facility
Line of Credit Facility
Debt Instrument, Basis Spread on Variable Rate	1.30%
Maximum [Member] | Base Rate [Member] | Revolving credit facility
Line of Credit Facility
Debt Instrument, Basis Spread on Variable Rate	0.30%

Debt (Bilateral Credit Faciliti

Debt (Bilateral Credit Facilities) (Details) - Line of Credit	Sep. 30, 2020EUR (€)	May 19, 2020EUR (€)	Jan. 17, 2017USD ($)
Revolving credit facility
Line of Credit Facility
Maximum borrowing capacity		€ 500,000,000	$ 2,500,000,000
Bilateral Credit Facility | Bilateral Credit Facility Expiring in May 2021
Line of Credit Facility
Maximum borrowing capacity | €	€ 100,000,000
JPMorgan Chase Bank [Member] | Letter of Credit [Member]
Line of Credit Facility
Maximum borrowing capacity | $			$ 1,500,000,000

Debt (Commercial Paper) (Detail

Debt (Commercial Paper) (Details) € in Billions	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020EUR (€)	May 19, 2020GBP (£)
Debt Instrument
CCFF commercial paper | £			£ 600,000,000
Commercial paper outstanding debt	$ 737.8
CCFF [Member]
Debt Instrument
Debt, Weighted Average Interest Rate	43.00%	43.00%
Short-term Debt, Average Outstanding Amount	$ 769.6
U.S. dollar | Commercial Paper
Debt Instrument
Maximum borrowing capacity	$ 1,500,000,000
Long term debt, weighted average interest rate	0.35%	0.35%
Euro | Commercial Paper
Debt Instrument
Maximum borrowing capacity | €		€ 1
Long term debt, weighted average interest rate	0.06%	0.06%

Debt (Term Loan) (Details)

Debt (Term Loan) (Details) £ in Millions, $ in Millions	Dec. 31, 2019USD ($)	Dec. 31, 2016GBP (£)
Term Loan
Debt Instrument
Debt Instrument, Face amount | £		£ 160
Interest rate, stated percentage		2.813%
TOP CV
Debt Instrument
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | $	$ 203.1
Subsea | TOP CV
Debt Instrument
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage	50.00%

Debt (Other long-term debt) (De

Debt (Other long-term debt) (Details) - Sale Leaseback Transaction [Member] $ in Millions	Sep. 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)	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019shares	Nov. 27, 2019£ / sharesshares	Dec. 11, 2018USD ($)	Apr. 25, 2017USD ($)
Stockholders' Equity Note [Abstract]
Canceled shares (in shares) | shares			4,000,000
Shares Issued, Price Per Share | £ / shares				£ 1
Stock repurchase program, authorized amount	$ 800,000,000				$ 300,000,000	$ 500,000,000
Payments of Dividends	59,200,000	$ 174,700,000
Dividends, Common Stock, Cash	$ 59,200,000	$ 174,700,000
Shares Redeemed | shares				50,000

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 4,175.6	$ 10,380.4	$ 7,688.1	$ 10,388.9
Other comprehensive loss	38.2	(95.6)	(208)	(82.9)
Ending balance	4,233.7	$ 10,123.8	4,233.7	$ 10,123.8
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(1,230.1)
Other comprehensive income (loss) before reclassifications, net of tax			(208.3)
Other comprehensive loss			(208.3)
Ending balance	(1,438.4)		(1,438.4)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(5.8)
Other comprehensive income (loss) before reclassifications, net of tax			(9.1)
Reclassification adjustment for net losses included in net income (loss), net of tax			8.7
Other comprehensive loss			(0.4)
Ending balance	(6.2)		(6.2)
Defined Pension  and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(171.6)
Other comprehensive income (loss) before reclassifications, net of tax			(0.4)
Reclassification adjustment for net losses included in net income (loss), net of tax			7.5
Other comprehensive loss			7.1
Ending balance	(164.5)		(164.5)
Accumulated Other Comprehensive  Loss Attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(1,407.5)
Other comprehensive income (loss) before reclassifications, net of tax			(217.8)
Reclassification adjustment for net losses included in net income (loss), net of tax			16.2
Other comprehensive loss			(201.6)
Ending balance	(1,609.1)		(1,609.1)
Accumulated Other Comprehensive  Loss Attributable to Non-Controlling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			(4.7)
Other comprehensive income (loss) before reclassifications, net of tax			(6.4)
Other comprehensive loss			(6.4)
Ending balance	$ (11.1)		$ (11.1)

Stockholder's Equity (Reclassif

Stockholder's Equity (Reclassification out of Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Reclassification out of Accumulated Other Comprehensive Income
Revenue	$ (3,335.7)	$ (3,335.1)	$ (9,624.5)		$ (9,682.3)
Selling, general and administrative expense	(252)	(298.1)	(780.8)		(919.7)
Other income (expense), net	28.9	(57.7)	(9.3)		(156.5)
Loss before income taxes	28.9	(34.2)	(3,146.1)	[1]	114.7	[1]
Provision for income taxes (Note 19)	22.5	81.1	77.9		96.5
Net income (loss)	6.4	(115.3)	(3,224)		18.2
Amount Reclassified out of Accumulated Other Comprehensive Loss
Reclassification out of Accumulated Other Comprehensive Income
Loss before income taxes	(0.9)	(1)	(7.3)		(2.7)
Provision for income taxes (Note 19)	1.7	(0.1)	0.2		(0.4)
Net income (loss)	(2.6)	(0.9)	(7.5)		(2.3)
Amount Reclassified out of Accumulated Other Comprehensive Loss | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Reclassification out of Accumulated Other Comprehensive Income
Amortization of prior service credit (cost)	(0.3)	(1)	(0.8)	[2]	(2.7)	[2]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	0.6		6.5
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging
Reclassification out of Accumulated Other Comprehensive Income
Revenue	23.8	3.1	57.3		15.6
Cost of sales	18.3	1.6	48		6.5
Selling, general and administrative expense		0	(0.4)		0.1
Other income (expense), net	(2)	23.3	(3.2)		21.9
Loss before income taxes	(7.5)	21.8	(12.9)		12.9
Provision for income taxes (Note 19)	(3.6)	4.7	(4.2)		2.2
Net income (loss)	$ (3.9)	$ 17.1	$ (8.7)		$ 10.7
[1]	Includes amounts attributable to non-controlling 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	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	$ 14.2	$ 19.9	$ 52.6	$ 61.4

Impairment, Restructuring and_3

Impairment, Restructuring and Other Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring and Impairment
Impairment, restructuring and other expenses	$ 92	$ 140.3	$ 3,440.7	$ 166
Restructuring and Related Cost, Incurred Cost	24.3	14	85.9	38.5
COVID-19 expenses	36.4		101.8
Asset Impairment Charges	31.3	126.3	3,253	127.5
Subsea
Restructuring and Impairment
Impairment, restructuring and other expenses	43.4	131.2	2,912.8	138
Restructuring and Related Cost, Incurred Cost	7.1	4.9	36.1	11.1
COVID-19 expenses	18.7		50.1
Asset Impairment Charges	17.6	126.3	2,826.6	126.9
Technip Energies
Restructuring and Impairment
Impairment, restructuring and other expenses	36.1	5.2	78.8	11.1
Restructuring and Related Cost, Incurred Cost	15.1	5.2	29.1	11.1
COVID-19 expenses	15.3		44
Asset Impairment Charges	5.7	0	5.7	0
Surface Technologies
Restructuring and Impairment
Impairment, restructuring and other expenses	8.7	0.7	439.8	3.4
Restructuring and Related Cost, Incurred Cost	0.9	0.7	14	2.8
COVID-19 expenses	2.4		7.7
Asset Impairment Charges	5.4	0	418.1	0.6
Corporate and other
Restructuring and Impairment
Impairment, restructuring and other expenses	3.8	3.2	9.3	13.5
Restructuring and Related Cost, Incurred Cost	1.2	3.2	6.7	13.5
COVID-19 expenses	0		0
Asset Impairment Charges	$ 2.6	$ 0	$ 2.6	$ 0

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions		9 Months Ended		12 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted		$ 5,616.6		$ 5,861.5
Litigation Settlement, Amount Awarded to Other Party			$ 301.3
Litigation Settlement, Expense				5.1
Estimated Litigation Liability		$ 70
Indirect guarantee of indebtedness
Guarantor Obligations
Guarantor obligations, term of obligation		five years
Financial guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	[1]	$ 960.3		945.5
Performance guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	[2]	$ 4,656.3		$ 4,916
[1]	Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations.
[2]	Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	77.90%	(237.10%)	(2.50%)	84.10%

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash flow hedges of forecasted transactions, net of tax, in accumulated OCI gain (loss)	$ (7.7)	$ (5.8)
Cash flow hedge gain (loss) expected to be reclassified within 12 months	$ 41.1
Hedges maturity year	2023

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule Of Notional Amounts Of Outstanding Derivative Positions) (Details) - Sep. 30, 2020 € in Millions, ₨ in Millions, ر.س in Millions, د.ك 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

EUR (€)

USD ($)

GBP (£)

AUD ($)

SGD ($)

MYR (RM)

NOK (kr)

INR (₨)

JPY (¥)

KWD (د.ك)

SAR (ر.س)

HKD ($)

MXN ($)

BRL (R$)

Foreign Exchange Forward | Euro | Notional Amount Bought

Derivative

Derivative, notional amount

€ 1,717

$ 2,010.2

Foreign Exchange Forward | Brazilian real | Notional Amount Sold

Derivative

Derivative, notional amount

203.1

R$ 1145.7

Foreign Exchange Forward | Norwegian krone | Notional Amount Bought

Derivative

Derivative, notional amount

59.5

kr 564.5

Foreign Exchange Forward | United Kingdom, Pounds | Notional Amount Bought

Derivative

Derivative, notional amount

1,128.9

£ 880.1

Foreign Exchange Forward | Singapore dollar | Notional Amount Bought

Derivative

Derivative, notional amount

77.1

$ 105.6

Foreign Exchange Forward | Malaysian ringgits | Notional Amount Bought

Derivative

Derivative, notional amount

60.8

RM 252.8

Foreign Exchange Forward | Japan, Yen | Notional Amount Bought

Derivative

Derivative, notional amount

20.4

¥ 2,157.7

Foreign Exchange Forward | Mexican peso | Notional Amount Sold

Derivative

Derivative, notional amount

37.2

$ 831.4

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

Derivative

Derivative, notional amount

2,378.1

Foreign Exchange Forward | India, Rupees | Notional Amount Bought

Derivative

Derivative, notional amount

40.6

₨ 2,994.9

Foreign Exchange Forward | Australia, Dollars | Notional Amount Bought

Derivative

Derivative, notional amount

123.5

$ 173.5

Foreign Exchange Forward | Hong Kong, Dollars | Notional Amount Sold

Derivative

Derivative, notional amount

11.7

$ 90.6

Foreign Exchange Forward | Kuwait, Dinars | Notional Amount Bought

Derivative

Derivative, notional amount

16.6

د.ك 5.1

Foreign Exchange Forward | Saudi Arabia, Riyals | Notional Amount Sold

Derivative

Derivative, notional amount

11

ر.س 41.2

Derivative financial instruments – Embedded Derivatives | Euro | Notional Amount Sold

Derivative

Derivative, notional amount

€ 1.7

2

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

Derivative

Derivative, notional amount

10.7

R$ 60.5

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

Derivative

Derivative, notional amount

10.5

kr 100

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

Derivative

Derivative, notional amount

$ 0.6

Derivative Financial Instrume_5

Derivative Financial Instruments (Fair Value Of Derivative Instruments In Balance Sheets) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Derivatives, Fair Value
Derivative assets	$ 333.6		$ 333.6		$ 141.4
Derivative liabilities	315.9		315.9		194
Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium | Long Term Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	0		0		4.3
Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives | Long Term Derivative Financial Instruments
Derivatives, Fair Value
Derivative liabilities	0		0		4.3
Derivatives Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	312.7		312.7		129.1
Derivative liabilities	281.4		281.4		173
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	289.8		289.8		94.3
Derivative liabilities	245.8		245.8		125
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Long Term Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	22.9		22.9		34.8
Derivative liabilities	35.6		35.6		48
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	20.9		20.9		8
Derivative liabilities	34.5		34.5		16.7
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	20.9		20.9		7.6
Derivative liabilities	34.4		34.4		16.3
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Long Term Derivative Financial Instruments
Derivatives, Fair Value
Derivative assets	0		0		0.4
Derivative liabilities	0.1		0.1		$ 0.4
Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	54.1	$ (47)	(17.5)	$ (44)
Selling, General and Administrative Expenses [Member] | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value
Total hedge gain (loss) recognized in income	$ 0.1		$ (0.4)	$ 0.1

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Revenues	$ 3,335.7	$ 3,335.1	$ 9,624.5	$ 9,682.3
Selling, General and Administrative Expense	(252)	(298.1)	(780.8)	(919.7)
Other income (expense), net	28.9	(57.7)	(9.3)	(156.5)
Foreign exchange contracts | Sales [Member]
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)	(0.8)	(1.2)
Total gain (loss) recognized in income associated with hedges and derivatives	(20.4)	(0.6)	(52.1)	(15.3)
Foreign exchange contracts | Cost of Sales [Member]
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	1.4	0.1	2.7
Total gain (loss) recognized in income associated with hedges and derivatives	16.5	(1.2)	42.7	1.4
Foreign exchange contracts | Selling, General and Administrative Expenses [Member]
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total gain (loss) recognized in income associated with hedges and derivatives	0.1	0	(0.4)	0.1
Foreign exchange contracts | Other Nonoperating Income (Expense) [Member]
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	4.6	(19.4)	(24.4)	(14.4)
Total gain (loss) recognized in income associated with hedges and derivatives	15.7	(4.7)	(6)	(23.2)
Foreign exchange contracts | Cash Flow Hedging | Sales [Member]
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	3.5	2.6	6	1.5
Total cash flow hedge gain (loss) recognized in income	(20.3)	(0.5)	(51.3)	(14.1)
Total hedge gain (loss) recognized in income	(20.3)	(0.5)	(51.3)	(14.1)
Foreign exchange contracts | Cash Flow Hedging | Cost of Sales [Member]
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	(3.2)	(2.9)	(8)	(5.1)
Total cash flow hedge gain (loss) recognized in income	15.1	(1.3)	40	1.4
Total hedge gain (loss) recognized in income	15.1	(1.3)	40	1.4
Foreign exchange contracts | Cash Flow Hedging | Selling, General and Administrative Expenses [Member]
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	0.1
Total cash flow hedge gain (loss) recognized in income	0.1	0	(0.4)	0.1
Total hedge gain (loss) recognized in income	0.1		(0.4)	0.1
Foreign exchange contracts | Cash Flow Hedging | Other Nonoperating Income (Expense) [Member]
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	13.1	(8.6)	21.6	(30.7)
Total cash flow hedge gain (loss) recognized in income	11.1	14.7	18.4	(8.8)
Total hedge gain (loss) recognized in income	11.1	14.7	18.4	(8.8)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Revenues	(23.8)	(3.1)	(57.3)	(15.6)
Cost of Revenue	18.3	1.6	48	6.5
Selling, General and Administrative Expense		0	(0.4)	0.1
Other income (expense), net	$ (2)	$ 23.3	$ (3.2)	$ 21.9

Derivative Financial Instrume_7

Derivative Financial Instruments (Offsetting Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Derivative assets
Gross Amount Recognized	$ 333.6	$ 141.4
Gross Amounts Not Offset, Permitted Under Master Netting Agreements	(184.4)	(112.5)
Net Amount	149.2	28.9
Derivative liabilities
Gross Amount Recognized	315.9	194
Gross Amounts Not Offset Permitted Under Master Netting Agreements	(184.4)	(112.5)
Net Amount	$ 131.5	$ 81.5

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019		Jun. 30, 2019	Dec. 31, 2018	Jan. 29, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Mandatorily redeemable financial liability	$ 281,700,000	$ 219,800,000	$ 268,800,000	$ 288,800,000		$ 412,800,000	$ 408,500,000
Increase in liability due to one percentage point decrease in discount rate	2,600,000
Redeemable Noncontrolling Interest	$ 42,100,000		41,100,000
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, fair value	$ 2,159,400,000		$ 2,078,200,000
Island Offshore Subsea AS | Island Offshore Subsea AS
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Redeemable noncontrolling interest, acquired percent								51.00%
Vessels | Fair Value, Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Property, Plant, and Equipment, Fair Value				104
Property, Plant and Equipment | Fair Value, Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Property, Plant, and Equipment, Fair Value	$ 353,300,000			$ 104,000,000	[1]
Measurement Input, Discount Rate | Redeemable financial liability
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Fair value unobservable input rate	15.00%
Measurement Input, Discount Rate | Property, Plant and Equipment | Fair Value, Nonrecurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Fair value unobservable input rate	10.80%			10.80%
[1]	Includes $104.0 million fair value of vessels determined using the transaction price of a similar vessel, resulting in a Level 2 fair value measurement.

Fair Value Measurements (Assets

Fair Value Measurements (Assets And Liabilities Measured On A Recurring Basis) (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Document Period End Date		Sep. 30, 2020
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		$ 149.2	$ 28.9
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		131.5	81.5
Liabilities held for sale		0	9.3
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]	33.2	54.8
Held-to-maturity debt securities		71.9	71.9
Assets held for sale		56.8	25.8
Total assets		497.9	297.5
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale			9.3
Total liabilities		597.6	472.1
Fair Value, Measurements, Recurring | Long-term - Derivative financial instruments - Synthetic Bonds - Call Option Premium
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets			4.3
Fair Value, Measurements, Recurring | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		333.6	137.1
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		315.9	189.7
Fair Value, Measurements, Recurring | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities			4.3
Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]	33.2	54.8
Total assets		33.2	54.8
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
Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Equity securities	[1]		0
Held-to-maturity debt securities		71.9	71.9
Total assets		407.1	214.8
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities		315.9	194
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			4.3
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets		333.6	137.1
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities		315.9	189.7
Fair Value, Measurements, Recurring | Level 2 | Long-term - Derivative financial instruments - Synthetic Bonds - Embedded Derivatives
Liabilities, Fair Value Disclosure [Abstract]
Derivative financial instrument liabilities			4.3
Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Assets held for sale		56.8	25.8
Total assets		56.8	25.8
Liabilities, Fair Value Disclosure [Abstract]
Liabilities held for sale			9.3
Total liabilities		281.7	278.1
Redeemable financial liability | Fair Value, Measurements, Recurring
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability		281.7	268.8
Redeemable financial liability | Fair Value, Measurements, Recurring | Level 3
Liabilities, Fair Value Disclosure [Abstract]
Redeemable financial liability		281.7	268.8
Nonqualified Plan | Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Money market fund		1.6	1.5
Stable Value Fund	[2]	0.8	2.1
Nonqualified Plan | Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Money market fund		$ 1.6	$ 1.5
[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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 219.8	$ 412.8	$ 268.8	$ 408.5
Expenses recognized in net interest expense	(61.9)	(99.1)	(148.2)	(324)
Less: Settlements	0	223.1	135.3	443.7
Balance at end of period	$ 281.7	$ 288.8	$ 281.7	$ 288.8

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Measurements (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019		Sep. 30, 2020	Sep. 30, 2019		Dec. 31, 2019
Fair Value Disclosures [Abstract]
Asset Impairment Charges	$ 31.3	$ 126.3		$ 3,253	$ 127.5
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Asset Impairment Charges	31.3	126.3		3,253	127.5
Redeemable Noncontrolling Interest	42.1			42.1			$ 41.1
Property, Plant and Equipment
Fair Value Disclosures [Abstract]
Asset Impairment Charges				169.6	127.5
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Asset Impairment Charges				169.6	127.5
Property, Plant and Equipment | Fair Value, Nonrecurring
Fair Value Disclosures [Abstract]
Property, Plant, and Equipment, Fair Value	353.3	104	[1]	353.3	104	[1]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Property, Plant, and Equipment, Fair Value	$ 353.3	$ 104	[1]	$ 353.3	$ 104	[1]
Property, Plant and Equipment | Fair Value, Nonrecurring | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value unobservable input rate	10.80%	10.80%		10.80%	10.80%
[1]	Includes $104.0 million fair value of vessels determined using the transaction price of a similar vessel, resulting in a Level 2 fair value measurement.

Subsequent Events (Details)

Subsequent Events (Details) - McPhy [Member] - Subsequent Event [Member] - EUR (€) € in Millions	Oct. 07, 2020	Oct. 14, 2020
Subsequent Event [Line Items]
Proceeds from Issuance of Private Placement	€ 180
Investment Owned, Balance, Shares		638,297
Investment Owned, Balance, Principal Amount		€ 15
Equity Method Investment, Ownership Percentage		2.29%

Uncategorized Items - fti-20200

Label	Element	Value
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 1,800,000
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 1,800,000