TechnipFMC (FTI) 10-Q 3 May 21 2021 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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		450,668,293
Entity Central Index Key	0001681459
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue
Lease revenue	$ 32.8	$ 51
Total revenue	1,632	1,582.6
Costs and expenses
Cost of lease revenue	26.2	38
Selling, general and administrative expense	147.6	195.3
Research and development expense	16.5	25.4
Impairment, restructuring and other expenses (Note 16)	25.5	3,199.1
Total costs and expenses	1,630.8	4,823.9
Other income (expense), net	35.6	(7.9)
Income from equity affiliates (Note 11)	7.7	21.1
Income from investment in Technip Energies (Note 11)	470.1	0
Income (loss) before net interest expense and income taxes	514.6	(3,228.1)
Interest income	4.1	9.8
Interest expense	(38.6)	(32.8)
Loss on early extinguishment of debt	(23.5)	0
Income (loss) before income taxes	456.6	(3,251.1)
Provision (benefit) for income taxes (Note 18)	24.5	(23.2)
Income (loss) from continuing operations	432.1	(3,227.9)
Income from continuing operations attributable to non-controlling interests	(1.8)	(6.9)
Income (loss) from continuing operations attributable to TechnipFMC plc	430.3	(3,234.8)
Income (loss) from discontinued operations	(60.2)	(17.8)
Income from discontinued operations attributable to non-controlling interests	(1.9)	(3.5)
Net Income (loss) attributable to TechnipFMC plc	$ 368.2	$ (3,256.1)
Earnings Per Share, Basic and Diluted [Abstract]
Earnings (loss) per share from continuing operations basic (usd per share)	$ 0.96	$ (7.23)
Earnings (loss) per share from continued operations diluted (usd per share)	0.95	(7.23)
Earnings (loss) per share from discontinued operations basic (usd per share)	(0.14)	(0.05)
Earnings (loss) per share from discontinued operations diluted (usd per share)	(0.14)	(0.05)
Earnings (loss) attributable to TechnipFMC plc, Basic (usd per share)	0.82	(7.28)
Earnings (loss) attributable to TechnipFMC plc, Diluted (usd per share)	$ 0.81	$ (7.28)
Weighted average shares outstanding (Note 6)
Basic (in shares)	449.7	447.5
Diluted (in shares)	451.1	447.5
Service revenue
Revenue
Revenue	$ 826.2	$ 773.6
Costs and expenses
Cost of goods and services sold	743.8	704.4
Products
Revenue
Revenue	773	758
Costs and expenses
Cost of goods and services sold	$ 671.2	$ 661.7

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income (loss) attributable to TechnipFMC plc		$ 368.2	$ (3,256.1)
Income from continuing operations attributable to non-controlling interests		(1.8)	(6.9)
Income from discontinued operations attributable to non-controlling interests		(1.9)	(3.5)
Net income (loss)		371.9	(3,245.7)
Foreign currency translation adjustments
Foreign currency translation adjustments	[1]	(28.1)	(217.9)
Net losses on hedging instruments
Net losses arising during the period		(14.5)	(89.3)
Reclassification adjustment for net (gains) losses included in net income		(2.7)	0.1
Net losses on hedging instruments	[2]	(17.2)	(89.2)
Pension and other post-retirement benefits
Net gains (losses) arising during the period		3.5	(0.7)
Reclassification adjustment for amortization of prior service cost included in net loss		0.1	0.3
Reclassification adjustment for amortization of net actuarial loss included in net loss		4.8	2.2
Net pension and other postretirement benefits	[3]	8.4	1.8
Other comprehensive income (loss), net of tax		(36.9)	(305.3)
Comprehensive income (loss)		335	(3,551)
Comprehensive (income) loss attributable to non-controlling interest		(3.8)	0.7
Comprehensive income (loss) attributable to TechnipFMC plc		$ 331.2	$ (3,550.3)
[1]	Net of income tax benefit of nil and nil for the three months ended March 31, 2021 and 2020, respectively.
[2]	Net of income tax benefit of $4.9 million and $22.5 million for the three months ended March 31, 2021 and 2020, respectively.
[3]	Net of income tax expense of $(2.1) million and $(0.6) million for the three months ended March 31, 2021 and 2020, respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ 0
Net gains (losses) on hedging instruments, tax benefit	4.9	22.5
Net pension and other post-retirement benefits, tax (expense) benefit	$ (2.1)	$ (0.6)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 752.8	$ 1,269.2
Trade receivables, net of allowances of $38.5 in 2021 and $40.2 in 2020	1,046.4	987.1
Contract assets, net of allowances of $1.1 in 2021 and $2.4 in 2020	1,008.7	934.1
Inventories, net (Note 8)	1,164.8	1,252.8
Derivative financial instruments (Note 19)	203.5	268.7
Income taxes receivable	131.6	276.8
Advances paid to suppliers	80.6	96.3
Other current assets (Note 9)	625.8	662.9
Investment in Technip Energies	1,249	0
Current assets of discontinued operations	0	5,696.8
Total current assets	6,263.2	11,444.7
Investments in equity affiliates	316.9	305.5
Property, plant and equipment, net of accumulated depreciation of $2,400.6 in 2021 and $2,154.2 in 2020	2,690.8	2,744.7
Operating lease right-of-use assets	750.5	784.9
Finance lease right-of-use assets	51.5	27.5
Intangible assets, net of accumulated amortization of $422.8 in 2021 and $493.1 in 2020	832.7	851.3
Deferred income taxes	57.3	49.4
Derivative financial instruments (Note 19)	35.3	29.2
Other assets	167.3	161.8
Non-current assets of discontinued operations	0	3,293.6
Total assets	11,165.5	19,692.6
Liabilities and equity
Short-term debt and current portion of long-term debt (Note 13)	96.8	624.7
Operating lease liabilities	161.6	195.5
Finance lease liabilities	51.1	26.9
Accounts payable, trade	1,247.9	1,195.2
Contract liabilities	892.5	1,045.7
Accrued payroll	178.4	186.8
Derivative financial instruments (Note 19)	172.5	157.5
Income taxes payable	84.9	61.5
Other current liabilities (Note 9)	985.6	800.1
Current liabilities of discontinued operations	0	6,121.3
Total current liabilities	3,871.3	10,415.2
Long-term debt, less current portion (Note 13)	2,434.3	2,835.5
Operating lease liabilities, less current portion	656.4	632.8
Deferred income taxes	60.7	79.3
Accrued pension and other post-retirement benefits, less current portion	248.9	268.4
Derivative financial instruments (Note 19)	34.2	18.8
Other liabilities	119.6	103.3
Non-current liabilities of discontinued operations	0	1,081.3
Total liabilities	7,425.4	15,434.6
Commitments and contingent liabilities (Note 17)
Mezzanine equity
Redeemable non-controlling interest	44.6	43.7
Stockholders’ equity (Note 14)
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2021 and 2020; 449.8 shares and 449.5 shares issued and outstanding in 2021 and 2020, respectively	449.8	449.5
Capital in excess of par value of ordinary shares	9,152.1	10,242.4
Accumulated deficit	(4,547)	(4,915.2)
Accumulated other comprehensive loss	(1,400.8)	(1,622.5)
Total TechnipFMC plc stockholders’ equity	3,654.1	4,154.2
Non-controlling interests	41.4	40.4
Non-controlling interests of discontinued operations	0	19.7
Total equity	3,695.5	4,214.3
Total liabilities and equity	$ 11,165.5	$ 19,692.6

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Receivables, allowances	$ 38.5	$ 40.2
Allowance for contract assets	1.1	2.4
Property, plant and equipment, accumulated depreciation	2,400.6	2,154.2
Intangible assets, accumulated amortization	$ 422.8	$ 493.1
Ordinary shares, par value (in dollars)	$ 1	$ 1
Ordinary shares, shares authorized (in shares)	618.3	618.3
Ordinary shares, shares issued (in shares)	449.8	449.5
Ordinary shares, shares outstanding (in shares)	449.8	449.5

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash provided (required) by operating activities
Income (loss) from continuing operations	$ 432.1	$ (3,227.9)
Adjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities
Depreciation	71.1	78.4
Amortization	24.1	25.5
Impairments	18.8	3,188
Employee benefit plan and share-based compensation costs	4.7	16.3
Deferred income tax benefit, net	(31.9)	(58.7)
Income from investment in Technip Energies	(470.1)	0
Unrealized loss on derivative instruments and foreign exchange	(5.5)	92.6
Income from equity affiliates, net of dividends received	(7.7)	(22.1)
Loss on early extinguishment of debt	23.5	0
Other	(0.1)	(5.1)
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and contract assets	(165.6)	38.3
Inventories, net	66	(29.1)
Accounts payable, trade	84.8	(56.9)
Contract liabilities	(132.9)	50.3
Income taxes payable (receivable), net	165.3	43.4
Other current assets and liabilities, net	100.7	(676.7)
Other noncurrent assets and liabilities, net	4.2	103.9
Cash provided (required) by operating activities from continuing operations	181.5	(439.8)
Cash provided by operating activities from discontinued operations	66.3	467.7
Cash provided by operating activities	247.8	27.9
Cash provided (required) by investing activities
Capital expenditures	(44.2)	(75.5)
Proceeds from sale of debt securities	24.2	0
Cash received from divestiture	0	2.5
Proceeds from sale of assets	4.4	7.1
Proceed from sale of investment in Technip Energies	100	0
Advances from BPI	100	0
Proceeds from repayment of advances to joint venture	12.5	0
Other	0	1.9
Cash provided (required) by investing activities from continuing operations	196.9	(64)
Cash required by investing activities from discontinued operations	(4.5)	(9.5)
Cash provided (required) by investing activities	192.4	(73.5)
Cash provided (required) by financing activities
Net increase in short-term debt	6.2	73.6
Net decrease in commercial paper	(953.1)	(309.2)
Proceeds from revolving credit facility	200	500
Proceeds from issuance of long-term debt	1,000	0
Repayments of long-term debt	(1,065.8)	0
Payments for debt issuance costs	(53.5)	0
Payments related to taxes withheld on share-based compensation	0	(3.2)
Cash paid for finance leases	(0.4)	0
Cash provided (required) by financing activities from continuing operations	(866.6)	261.2
Cash provided (required) by financing activities from discontinued operations	(79.1)	(458.2)
Cash required by financing activities	(945.7)	(197)
Effect of changes in foreign exchange rates on cash and cash equivalents	(10.9)	(9.7)
Decrease in cash and cash equivalents	(516.4)	(252.3)
Cash and cash equivalents, beginning of period	1,269.2	1,188
Cash and cash equivalents, end of period	$ 752.8	$ 935.7

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Technip Energies	Cumulative Effect, Period of Adoption, Adjustment	Ordinary Shares	Capital in Excess of Par Value of Ordinary Shares	(Accumulated Deficit) Retained Earnings	(Accumulated Deficit) Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest
Beginning balance at Dec. 31, 2019	$ 7,688.1		$ (7.8)	$ 447.1	$ 10,182.8	$ (1,563.1)	$ (7.8)	$ (1,407.5)	$ 28.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(3,256.1)					(3,256.1)
Net income (loss)	(3,245.7)								10.4
Other comprehensive loss	(305.3)							(294.2)	(11.1)
Issuance of ordinary shares	(6.4)			1.2	(7.6)
Cash dividends declared	(59.2)					(59.2)
Share-based compensation (Note 15)	21.6				21.6
Other	(0.5)					(0.8)			0.3
Ending balance at Mar. 31, 2020	4,084.8			448.3	10,196.8	(4,887)		(1,701.7)	28.4
Beginning balance at Dec. 31, 2020	4,214.3			449.5	10,242.4	(4,915.2)		(1,622.5)	60.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	368.2					368.2
Net income (loss)	371.9								3.7
Other comprehensive loss	(36.9)							(37)	0.1
Issuance of ordinary shares	0.3			0.3
Share-based compensation (Note 15)	3.4				3.4
Spin-off of Technip Energies (Note 2)		$ (854.9)			(1,093.7)	0		258.7	(19.9)
Other	(2.6)								(2.6)
Ending balance at Mar. 31, 2021	$ 3,695.5			$ 449.8	$ 9,152.1	$ (4,547)		$ (1,400.8)	$ 41.4

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2020$ / shares
Statement of Stockholders' Equity [Abstract]
Common stock, dividends (in usd per share)	$ 0.13

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF 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, 2020. 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, 2021.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The Spin-off On February 16, 2021, we completed our separation into two independent publicly traded companies: TechnipFMC, a fully integrated technology and service provider, and Technip Energies, a leading engineering and technology player (“Technip Energies”). The transaction was structured as a spin-off (the “Spin-off”), which occurred by way of a pro rata dividend (the “Distribution”) to our shareholders of 50.1 percent of the outstanding shares in Technip Energies N.V. Each of our shareholders received one ordinary share of Technip Energies N.V. for every five ordinary shares of TechnipFMC held at 5:00 p.m., Eastern Standard time on the record date, February 17, 2021. Technip Energies N.V. is now an independent public company and its shares trade under the ticker symbol “TE” on the Euronext Paris Stock Exchange. In connection with the Spin-off, TechnipFMC and Technip Energies entered into a separation and distribution agreement, as well as various other agreements, including among others a tax matters agreement, an employee matters agreement and a transition services agreement and certain agreements relating to intellectual property. These agreements provide for the allocation between TechnipFMC and Technip Energies of assets, employees, liabilities and obligations attributable to periods prior to, at and after the Spin-off. Discontinued Operations The Spin-off represented a strategic shift that will have a major impact to our operations and consolidated financial statements, accordingly Technip Energies has been presented as discontinued operations in the consolidated statements of income, consolidated balance sheets and the consolidated statements of cash flows. Therefore, the results of Technip Energies were presented as discontinued operations for the three months ended March 31, 2021 and 2020 including the historical results of Technip Energies prior to the Distribution on February 16, 2021. Our condensed consolidated balance sheets, condensed consolidated statements of income, condensed consolidated statements of cash flows and notes to the condensed consolidated financial statements have been updated to reflect continuing operations only. The following table summarizes the components of income from discontinued operations, net of tax: Three Months Ended March 31, (In millions) 2021 2020 Revenue $ 906.0 $ 1,547.7 Costs and expenses 889.3 1,442.4 Other income and interest expense, net (18.6) (62.2) Income (loss) from discontinued operations before income taxes $ (1.9) $ 43.1 Income (loss) from discontinued operations, net of income taxes $ (60.2) $ (17.8) Assets and liabilities of discontinued operations are summarized below: December 31, (In millions) 2020 Assets Cash and cash equivalents $ 3,538.6 Trade receivables, net of allowances 1,302.7 Contract assets 333.5 Other current assets 522.0 Total current assets of discontinued operations 5,696.8 Property, plant and equipment, net of accumulated depreciation 117.1 Goodwill 2,512.5 Other assets 664.0 Total non-current assets of discontinued operations 3,293.6 Total assets of discontinued operations $ 8,990.4 Liabilities Accounts payable, trade $ 1,545.1 Contract liabilities 3,690.4 Other current liabilities 885.8 Total current liabilities of discontinued operations 6,121.3 Long-term debt, less current portion 482.2 Operating lease liabilities 248.2 Other liabilities 350.9 Total non-current liabilities of discontinued operations 1,081.3 Total liabilities of discontinued operations $ 7,202.6 On February 16, 2021, all assets and liabilities of Technip Energies were spun-off, therefore, as of March 31, 2021, there were no assets and liabilities classified as discontinued operations.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	3 Months Ended
	Mar. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS Recently Adopted 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. We adopted this amendment as of January 1, 2021, which did not have a material impact on our condensed 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. We adopted this amendment as of January 1, 2021, which did not have a material impact on our condensed 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. We adopted this amendment as of January 1, 2021, which did not have a material impact on our condensed consolidated financial statements. In October 2020, the FASB issued ASU No. 2020-10, “Codification Improvements.” The amendments in this update improve consistency by amending the accounting standards codification (the “Codification”) to include all disclosure guidance in the appropriate sections and clarify the application of various provisions in the Codification by amending and adding new headings, cross referencing to other guidance, and refining or correcting terminology. We adopted this update at January 1, 2021, which did not have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Standards under GAAP In March 2020, the FASB issued ASU No. 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848).” In addition, in January 2021, FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848)” which clarifies the scope of Topic 848 . The amendments in these updates 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 condensed consolidated financial statements. In August 2020, the FASB issued ASU No. 2020-06, “ Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40) ”. This update simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. The amendments in this update are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. We do not anticipate the adoption of this update to have a material impact on our condensed consolidated financial statements.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The majority of our revenue is from long-term contracts associated with designing and manufacturing products and systems and providing services to customers involved in exploration and production of crude oil and natural gas. Disaggregation of Revenue 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 months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 March 31, 2020 (In millions) Subsea Surface Technologies Subsea Surface Technologies Europe, Russia, Central Asia $ 255.9 $ 42.1 $ 423.1 $ 50.3 Americas 561.7 75.2 436.5 149.3 Asia Pacific 241.6 24.0 137.6 34.3 Africa 292.2 8.2 214.6 13.6 Middle East 23.8 74.5 21.8 50.5 Total products and services revenue $ 1,375.2 $ 224.0 $ 1,233.6 $ 298.0 The following tables present revenue by contract type for each reportable segment for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 March 31, 2020 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 793.4 $ 32.8 $ 717.5 $ 56.1 Products 581.8 191.2 516.1 241.9 Total products and services revenue 1,375.2 224.0 1,233.6 298.0 Lease 11.3 21.5 19.5 31.5 Total revenue $ 1,386.5 $ 245.5 $ 1,253.1 $ 329.5 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 condensed 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 assets (liabilities) as of March 31, 2021 and December 31, 2020: (In millions) March 31, December 31, $ change % change Contract assets $ 1,008.7 $ 934.1 $ 74.6 8.0 Contract (liabilities) (892.5) (1,045.7) 153.2 14.7 Net contract assets (liabilities) $ 116.2 $ (111.6) $ 227.8 204.1 The increase in our contract assets from December 31, 2020 to March 31, 2021 was primarily due to the timing of project milestones. The decrease in our contract liabilities was primarily due to completion of performance obligations for contracts, for which consideration was received in advance of the work performed 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 March 31, 2021 that was included in the contract liabilities balance at December 31, 2020 was $128.4 million. Revenue recognized for the three months ended March 31, 2020 that was included in the contract liabilities balance at December 31, 2019 was $143.4 million. For the three months ended March 31, 2021 and 2020, we recognized $(5.3) million and $(11.8) million, respectively, related to the unfavorable changes in estimates of contract 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 March 31, 2021, the aggregate amount of the transaction price allocated to order backlog was $7,221.4 million. We expect to recognize revenue on approximately 44.7% of the order backlog through 2021 and 55.3% thereafter. The following table details the order backlog for each business segment as of March 31, 2021: (In millions) 2021 2022 Thereafter Subsea $ 2,954.0 $ 2,534.2 $ 1,368.9 Surface Technologies 274.5 87.9 1.9 Total order backlog $ 3,228.5 $ 2,622.1 $ 1,370.8

BUSINESS SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
	Mar. 31, 2021
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. Subsequent to the Spin-off, we now operate under two reporting segments: Subsea and Surface Technologies: • Subsea - designs and manufactures products and systems, and provides services used by oil and gas companies involved in offshore deep water exploration and production of crude oil and natural gas, while developing renewable alternatives to serve new energy industries. • 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. 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), income from investment in Technip Energies, net interest income (expense) associated with corporate debt facilities and income taxes. Segment revenue and segment operating profit (loss) were as follows: Three Months Ended March 31, (In millions) 2021 2020 Segment revenue Subsea $ 1,386.5 $ 1,253.1 Surface Technologies 245.5 329.5 Total revenue $ 1,632.0 $ 1,582.6 Segment operating profit (loss) Subsea $ 37.0 $ (2,750.7) Surface Technologies 8.2 (424.0) Total segment operating profit (loss) $ 45.2 $ (3,174.7) Corporate items Corporate expense (a) (28.8) (30.3) Net interest expense (34.5) (23.0) Loss on early extinguishment of debt (23.5) — Income from investment in Technip Energies 470.1 — Foreign exchange gains (losses) 28.1 (23.1) Total corporate items 411.4 (76.4) Income (loss) before income taxes (b) $ 456.6 $ (3,251.1) (a) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, impairment, restructuring and other expense, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows: Three Months Ended March 31, (In millions, except per share data) 2021 2020 Income (loss) from continuing operations attributable to TechnipFMC plc $ 430.3 $ (3,234.8) Income (loss) from discontinued operations attributable to TechnipFMC plc (62.1) (21.3) Net Income (loss) attributable to TechnipFMC plc $ 368.2 $ (3,256.1) Weighted average number of shares outstanding 449.7 447.5 Dilutive effect of restricted stock units 1.4 — Total shares and dilutive securities 451.1 447.5 Basic and diluted earnings (loss) per share attributable to TechnipFMC plc: Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic $ 0.96 $ (7.23) Diluted $ 0.95 $ (7.23) Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc Basic and diluted $ (0.14) $ (0.05) Total earnings (loss) per share attributable to TechnipFMC plc Basic $ 0.82 $ (7.28) Diluted $ 0.81 $ (7.28) For the three months ended March 31, 2020, we incurred a loss from continuing operations; therefore, the impact of 2.7 million shares were anti-dilutive. 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 March 31, (millions of shares) 2021 2020 Share option awards 1.7 4.7 Restricted share units 4.9 1.1 Performance shares — 2.5 Total 6.6 8.3

RECEIVABLES

RECEIVABLES	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
RECEIVABLES	RECEIVABLES 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 March 31, 2021. (In millions) Year of origination Balance as of March 31, 2021 Balance as of December 31, 2020 Loans receivables, security deposits and other Moody’s rating Ba2 2019 $ 98.5 $ 107.6 Debt securities at amortized cost Moody’s rating B3 2019 — 23.7 Total financial assets $ 98.5 $ 131.3 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 as of March 31, 2021 and 2020, respectively. Balance as of March 31, 2021 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Beginning balance in allowance for credit losses $ 40.2 $ 2.4 $ 7.5 $ 0.4 $ 0.5 Current period provision (release) for expected credit losses 3.8 (0.6) (0.5) 0.2 (0.5) Recoveries (5.5) (0.7) (1.1) — — Ending balance in the allowance for credit losses $ 38.5 $ 1.1 $ 5.9 $ 0.6 $ — Balance as of March 31, 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 $ 59.4 $ 4.5 $ 9.5 $ 0.7 $ 1.1 Current period provision for expected credit losses 1.6 — — — — Recoveries (2.6) — (0.5) — — Ending balance in the allowance for credit losses $ 58.4 $ 4.5 $ 9.0 $ 0.7 $ 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 .

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2021
Inventory, Finished Goods and Work in Process, Gross [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: (In millions) March 31, December 31, Raw materials $ 222.6 $ 270.3 Work in process 227.5 242.7 Finished goods 714.7 739.8 Inventories, net $ 1,164.8 $ 1,252.8

OTHER CURRENT ASSETS & OTHER CU

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2021
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) March 31, December 31, Value - added tax receivables $ 260.1 $ 236.4 Prepaid expenses 95.4 78.1 Other tax receivables 80.0 73.8 Sundry receivables 74.1 138.4 Assets held for sale 47.4 47.3 Current financial assets at amortized cost 30.9 40.6 Held-to-maturity investments — 24.2 Other 37.9 24.1 Total other current assets $ 625.8 $ 662.9 Other current liabilities consisted of the following: (In millions) March 31, December 31, Warranty accruals and project contingencies $ 193.2 $ 168.8 Legal provisions 129.6 127.6 Value - added tax and other taxes payable 126.2 91.4 BPI Share Purchase Agreement payable 100.0 — Social security liability 65.9 67.9 Taxes payable to Technip Energies due to separation 59.0 — Provisions 36.1 53.0 Compensation accrual 18.6 54.3 Current portion of accrued pension and other post-retirement benefits 7.1 6.9 Other accrued liabilities 249.9 230.2 Total other current liabilities $ 985.6 $ 800.1

WARRANTY OBLIGATIONS

WARRANTY OBLIGATIONS	3 Months Ended
	Mar. 31, 2021
Product Warranties Disclosures [Abstract]
WARRANTY OBLIGATIONS	WARRANTY OBLIGATIONS Warranty obligations are included within “Other current liabilities” in our consolidated balance sheets as of March 31, 2021 and December 31, 2020. A reconciliation of warranty obligations for the three months ended March 31, 2021 and 2020 is as follows: Three Months Ended March 31, (In millions) 2021 2020 Balance at beginning of period $ 109.5 $ 121.7 Warranty expenses 12.5 6.1 Adjustment to existing accruals (12.3) 23.8 Claims paid (3.0) (0.9) Balance at end of period $ 106.7 $ 150.7

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	3 Months Ended
	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS Our income from equity affiliates during the three months ended March 31, 2021 and 2020 was $7.7 million and $21.1 million, respectively, and included within our Subsea segment. Investment in Technip Energies As discussed in Note 2, immediately following the completion of the Spin-off, we owned 49.9% of the outstanding shares of Technip Energies. On January 7, 2021, Bpifrance Participations SA (“BPI”) entered into a share purchase agreement with us (the “Share Purchase Agreement”) pursuant to which BPI agreed to purchase a portion of our retained stake in Technip Energies N.V. (the “BPI Investment”) for $200.0 million (the “Purchase Price”), subject to certain adjustments. On March 31, 2021, BPI ultimately purchased 7.5 million shares in Technip Energies from us for $100.0 million. Accordingly, on April 8, 2021, we refunded $100.0 million to BPI as a result of their revised level of investment. As of March 31, 2021, we owned 82.3 million shares, representing 45.7% of the outstanding shares of Technip Energies. On April 27, 2021 we further reduced our ownership in Technip Energies and agreed to sell Technip Energies shares, representing approximately a total of 15% of Technip Energies’ share capital, through a private placement and the concurrent sale to Technip Energies. See Note 21 for details. We do not intend to remain a long-term shareholder of Technip Energies and will exit our ownership stake in a timely and orderly manner within a year. At the Spin-off date, on initial recognition of the investment, we elected to account for our investment in Technip Energies at fair value with all subsequent changes in fair value for the investment reported in our consolidated statement of income. For the three months ended March 31, 2021, we recognized $470.1 million of income related to our investment in Technip Energies. The amount recognized was comprised of a purchase price discount on sale of shares to BPI and a fair value revaluation gain of our investment. The carrying amount of the investment as of March 31, 2021 was $1,249.0 million.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Receivables, payables, revenues, and expenses, which are included in our condensed 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. Accounts receivable consisted of receivables due from the following related parties: (In millions) March 31, December 31, 2020 Technip Energies $ 130.5 $ — Equinor ASA 32.1 24.1 Dofcon Navegacao 2.9 4.2 Techdof Brasil AS 6.5 8.0 Others 2.1 1.7 Total accounts receivable $ 174.1 $ 38.0 Dofcon Navegacao is an equity method affiliate. Techdof Brasil AS is a wholly owned subsidiary of Dofcon Brasil AS, our equity method affiliate. In October 2020, a prior member of our Board of Directors was an executive of Equinor ASA. One member of our Board of Directors serves on the Board of Directors for Storengy. Accounts payable consisted of payables due to the following related parties: (In millions) March 31, December 31, Technip Energies $ 216.7 $ — Dofcon Navegacao 1.9 1.5 Others 4.0 3.1 Total accounts payable $ 222.6 $ 4.6 Additionally, we have a note receivable from Dofcon Brasil AS for $25.3 million and $37.6 million as of March 31, 2021 and December 31, 2020, respectively. Dofcon Brasil AS is a variable interest entity and accounted for as an equity method investment. Revenue consisted of amounts from the following related parties: Three Months Ended March 31, (In millions) 2021 2020 Equinor ASA $ 95.5 $ — Technip Energies 1.5 — Techdof Brasil AS 3.5 1.3 Others 3.1 3.0 Total revenue $ 103.6 $ 4.3 Expenses consisted of amounts to the following related parties: Three Months Ended March 31, (In millions) 2021 2020 Technip Energies $ 0.6 $ — Dofcon Navegacao 6.6 8.0 Arkema S.A. 0.7 0.4 Magma Global Limited 1.5 0.7 IFP Energies Nouvelles 0.9 1.1 Serimax Holdings SAS — 0.2 Others 6.6 5.9 Total expenses $ 16.9 $ 16.3 Serimax Holdings SAS and Magma Global Limited are equity method investments. A former member of our Board of Directors serves on the Board of Directors for Arkema S.A. A former member of our Board of Directors served as an executive officer of IFP Energies nouvelles until June 2020.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
DEBT	DEBT Overview Long-term debt consisted of the following: (In millions) March 31, December 31, Senior secured revolving credit facility $ 200.0 $ — Commercial paper 21.2 1,043.7 Synthetic bonds due 2021 — 551.2 3.45% Senior Notes due 2022 — 500.0 3.40% 2012 Private placement notes due 2022 176.1 184.0 3.15% 2013 Private placement notes due 2023 299.3 312.9 5.75% 2020 Private placement notes due 2025 234.8 245.4 6.50% Senior notes due 2026 1,000.0 — 4.00% 2012 Private placement notes due 2027 88.0 92.0 4.00% 2012 Private placement notes due 2032 117.4 122.7 3.75% 2013 Private placement notes due 2033 117.4 122.7 Bank borrowings and other 313.7 298.4 Unamortized debt issuance costs and discounts (36.8) (12.8) Total debt 2,531.1 3,460.2 Less: current borrowings (a) 96.8 624.7 Long-term debt $ 2,434.3 $ 2,835.5 (a) As of March 31, 2021 and December 31, 2020, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months. Debt Financing Transactions in Connection with the Spin-off In connection with the Spin-off, we executed a series of refinancing transactions, in order to provide a capital structure with sufficient cash resources to support future operating and investment plans. Debt Issuance • On February 16, 2021, we entered into a credit agreement, which provides for a $1.0 billion three-year senior secured multicurrency revolving credit facility (“Revolving Credit Facility”) including a $450.0 million letter of credit subfacility; and • On January 29, 2021, we issued $1.0 billion of 6.50% senior notes due 2026 (the “2021 Notes”). Repayment of Debt The proceeds from the debt issuance described above along with the available cash on hand were used to fund: • The repayment of all $542.4 million of the outstanding Synthetic Convertible Bonds that matured in January 2021; • The repayment of all $500.0 million aggregate principal amount of outstanding 3.45% Senior Notes due 2022. In connection with the repayment, we recorded a loss on extinguishment of debt of $23.5 million related to the difference between the amount paid and the net carrying value of the debt; and • The termination of the $2.5 billion senior unsecured revolving credit facility entered into on January 17, 2017; and the termination of the €500.0 million Euro Facility entered into on May 19, 2020; and the termination of the CCFF Program entered into on May 19, 2020. In connection with the termination of these credit facilities, we repaid $830.9 million of the outstanding commercial paper borrowings. Credit Facilities and Debt Revolving Credit Facility - On February 16, 2021, we entered into a credit agreement, which provides for a $1.0 billion three-year senior secured multicurrency Revolving Credit Facility including a $450.0 million letter of credit subfacility. We incurred $27.9 million of debt issuance costs in connection with the Revolving Credit Facility. These debt issuance costs are deferred and are included in Other Assets in our condensed consolidated balance sheet as of March 31, 2021. The deferred debt issuance costs are amortized to interest expense over the term of the Revolving Credit Facility. Availability of borrowings under the Revolving Credit Facility is reduced by the outstanding letters of credit issued against the facility. As of March 31, 2021, there were no letters of credit outstanding and availability of borrowings under the Revolving Credit Facility was $800.0 million. Borrowings under the Revolving Credit Facility bear interest at the following rates, plus an applicable margin, depending on currency: • U.S. dollar-denominated loans bear interest, at the Company’s 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 on an adjusted rate linked to the Euro interbank offered rate. The applicable margin for borrowings under the Revolving Credit Facility ranges from 2.50% to 3.50% for eurocurrency loans and 1.50% to 2.50% for base rate loans, depending on a total leverage ratio. The Revolving Credit Facility is subject to customary representations and warranties, covenants, events of default, mandatory repayment provisions and financial covenants. As of March 31, 2021, we were in compliance with all restrictive covenants under the Revolving Credit Facility. 2021 Notes - On January 29, 2021, we issued $1.0 billion of 6.50% senior notes due 2026. The interest on the 2021 Notes is paid semi-annually on February 1 and August 1 of each year, beginning on August 1, 2021. The 2021 Notes are senior unsecured obligations and are guaranteed on a senior unsecured basis by substantially all of our wholly-owned U.S. subsidiaries and non-U.S. subsidiaries in Brazil, the Netherlands, Norway, Singapore and the United Kingdom. We incurred $25.7 million of debt issuance costs in connection with issuance of the 2021 Notes. These debt issuance costs are deferred and are included in Long-term debt in our condensed consolidated balance sheet as of March 31, 2021. The deferred debt issuance costs are amortized to interest expense over the term of the 2021 Notes, which approximates the effective interest method. Commercial paper - As of March 31, 2021 and December 31, 2020, we had $21.2 million and $1,043.7 million of commercial paper outstanding, respectively. Commercial paper borrowings were issued at market interest rates. As of March 31, 2021, our commercial paper borrowings had a weighted average interest rate of 0.48% o n the U.S. dollar denominated borrowings. In accordance with the terms of the new Revolving Credit Facility, we do not have an ability to issue any new commercial paper notes going forward. Bank borrowings - Include term loans issued in connection with financing for certain of our vessels and amounts outstanding under our foreign committed credit lines.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Accumulated other comprehensive income (loss) consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2020 $ (1,401.2) $ 34.0 $ (255.3) $ (1,622.5) $ (4.1) Other comprehensive income (loss) before reclassifications, net of tax (28.2) (14.5) 3.5 (39.2) 0.1 Reclassification adjustment for net losses included in net income (loss), net of tax — (2.7) 4.9 2.2 — Other comprehensive income (loss), net of tax (28.2) (17.2) 8.4 (37.0) 0.1 Spin-off of Technip Energies 241.2 (19.7) 37.2 258.7 — March 31, 2021 $ (1,188.2) $ (2.9) $ (209.7) $ (1,400.8) $ (4.0) Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended March 31, (In millions) 2021 2020 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 $ (10.4) $ (11.1) Revenue 8.3 9.8 Cost of sales 0.1 — Selling, general and administrative expense 4.0 1.0 Other income (expense), net 2.0 (0.3) Income (loss) before income taxes (0.7) (0.2) Provision for income taxes $ 2.7 $ (0.1) Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) (0.1) (0.3) (a) Amortization of net actuarial loss (6.9) (2.8) (a) (7.0) (3.1) Income (loss) before income taxes (2.1) (0.6) Provision for income taxes $ (4.9) $ (2.5) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2021
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 in 2017. On the record date of the Spin-off, 11.9 million shares remained available under the Plan, which were adjusted to reflect the Spin-off using an adjustment ratio, calculated as the ratio of the closing price of shares of TechnipFMC common stock on the NYSE on the date immediately prior to the Spin-off to the closing price of shares of TechnipFMC on the NYSE on the date immediately after the Spin-off. After this adjustment, 15.2 million ordinary shares remained authorized for awards under the Plan as of February 17, 2021. 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 $3.4 million and $21.6 million for the three months ended March 31, 2021 and 2020, respectively.

IMPAIRMENT, RESTRUCTURING AND O

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES	3 Months Ended
	Mar. 31, 2021
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 March 31, (In millions) 2021 2020 Subsea $ 19.7 2,773.6 Surface Technologies 2.8 424.4 Corporate and other 3.0 1.1 Total impairment, restructuring and other expenses $ 25.5 $ 3,199.1 Goodwill and Long-Lived Assets Impairments Goodwill and long-lived assets impairments were as follows: Three Months Ended March 31, (In millions) 2021 2020 Subsea $ 15.7 $ 2,776.5 Surface Technologies 0.1 411.5 Corporate and other 3.0 — Total impairments $ 18.8 $ 3,188.0 During the three months ended March 31, 2021, subsequent to the spin-off, certain real estate realization decisions were made and as a result, we recorded $18.8 million of impairment charges relating to our operating lease right-of-use assets. During the three months ended March 31, 2020, triggering events were identified that led to impairments of certain long-lived assets, including goodwill. During the three months ended March 31, 2020, impairment charges of $3,188.0 million were recorded. These charges included goodwill impairment charges of $2,747.5 million and $335.9 million in our Subsea and Surface Technologies segments, respectively. For other long-lived assets, a conclusion was made that the market uncertainty was a triggering event for certain asset groups that serve short-cycle businesses in our Subsea and Surface Technologies segments. Assessing these asset groups for recoverability required the use of unobservable inputs that require 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. As a result of this assessment, impairment charges of $29.0 million for Subsea, consisting mostly of installation and service equipment, and $75.6 million for Surface Technologies, consisting of North America-based fracturing and wellhead assets were recorded during the three months ended March 31, 2020. 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 March 31, 2021 2020 (In millions) Restructuring and other charges Restructuring and other charges COVID-19 expenses Subsea $ 4.0 $ (6.9) $ 4.0 Surface Technologies 2.7 11.8 1.1 Corporate and other — 1.1 — Total $ 6.7 $ 6.0 $ 5.1 During the three months ended March 31, 2020, we incurred $5.1 million of COVID-19 related expenses. These 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. Prolonged uncertainty in energy markets could lead to further reductions in capital spending from our customer base. In turn, this may lead to changes in our strategy. We will continue to take actions to mitigate the adverse effects of the changing market environment and expect to continue to adjust our cost structure to market conditions. If market conditions 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	3 Months Ended
	Mar. 31, 2021
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 condensed consolidated financial position, results of operations, or cash flows. Guarantees consisted of the following: (In millions) March 31, December 31, Financial guarantees (a) $ 98.4 $ 104.9 Performance guarantees (b) 1,146.8 1,353.9 Maximum potential undiscounted payments $ 1,245.2 $ 1,458.8 (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 March 31, 2021 and December 31, 2020, 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	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our provision for income taxes for the three months ended March 31, 2021 and 2020 reflected effective tax rates of 5.4% and 0.7%, 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 change in the forecasted earnings mix. 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	3 Months Ended
	Mar. 31, 2021
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 condensed 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 condensed consolidated balance sheets. As of March 31, 2021, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 464.4 544.8 British pound 287.2 395.5 Brazilian real 1,320.1 231.8 Norwegian krone 1,155.3 135.7 Singapore dollar 103.5 77.0 Canadian dollar 31.2 24.7 Indian rupee 752.9 10.2 Kuwaiti dinar (3.0) (10.0) Indonesian rupiah (191,631.6) (13.2) Australian dollar (157.1) (119.6) Malaysian ringgit (732.2) (176.6) U.S. dollar (105.2) (105.2) 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. As of March 31, 2021, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 64.8 11.4 Norwegian krone (138.8) (16.3) Euro (14.4) (16.9) U.S. dollar 20.7 20.7 Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 20 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 condensed consolidated balance sheets: March 31, 2021 December 31, 2020 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 199.7 $ 164.8 $ 189.5 $ 141.9 Long-term - Derivative financial instruments 35.3 33.8 28.9 18.8 Total derivatives designated as hedging instruments 235.0 198.6 218.4 160.7 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 3.8 7.7 79.2 15.6 Long-term - Derivative financial instruments — 0.4 0.3 — Total derivatives not designated as hedging instruments 3.8 8.1 79.5 15.6 Total derivatives $ 238.8 $ 206.7 $ 297.9 $ 176.3 Cash flow hedges of forecasted transactions qualifying for hedge accounting, net of tax, resulted in accumulated other comprehensive losses of $4.4 million and $12.9 million as of March 31, 2021 and December 31, 2020, respectively. We expect to transfer an approximate $36.0 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 March 31, (In millions) 2021 2020 Foreign exchange contracts $ (20.2) $ (91.7) The following represents the effect of cash flow hedge accounting in the condensed consolidated statements of income for the three months ended March 31, 2021 and 2020: (In millions) Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 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 $ (10.4) $ 8.3 $ 0.1 $ 4.0 $ (11.1) $ 9.8 $ — $ 0.5 Amounts excluded from effectiveness testing 1.0 (1.2) 0.9 (0.6) 1.2 (2.2) — (12.6) Total cash flow hedge gain (loss) recognized in income (9.4) 7.1 1.0 3.4 (9.9) 7.6 — (12.1) Total hedge gain (loss) recognized in income $ (9.4) $ 7.1 $ 1.0 $ 3.4 $ (9.9) $ 7.6 $ — $ (12.1) Gain (loss) recognized in income on derivatives not designated as hedging instruments 0.2 0.5 — (11.4) — — — — Total $ (9.2) $ 7.6 $ 1.0 $ (8.0) $ (9.9) $ 7.6 $ — $ (12.1) 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 March 31, 2021 and December 31, 2020, we had no collateralized derivative contracts. The following tables present both gross information and net information of recognized derivative instruments: March 31, 2021 December 31, 2020 (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 $ 238.8 $ (125.2) $ 113.6 $ 297.9 $ (128.7) $ 169.2 Derivative liabilities $ 206.7 $ (125.2) $ 81.5 $ 176.3 $ (99.3) $ 77.0

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: March 31, 2021 December 31, 2020 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Investment in Technip Energies $ 1,249.0 $ 1,249.0 $ — $ — $ — $ — $ — $ — Equity securities (a) 24.3 24.3 — — 23.4 23.4 — — Money market fund 1.9 — 1.9 — 1.7 — 1.7 — Stable value fund (b) 0.8 — — — 0.9 — — — Held-to-maturity debt securities — — — — 24.2 — 24.2 — Derivative financial instruments Foreign exchange contracts 238.8 — 238.8 — 297.9 — 297.9 — Assets held for sale 47.4 — — 47.4 47.3 — — 47.3 Total assets $ 1,562.2 $ 1,273.3 $ 240.7 $ 47.4 $ 395.4 $ 23.4 $ 323.8 $ 47.3 Liabilities Derivative financial instruments Foreign exchange contracts 206.7 — 206.7 — 176.3 — 176.3 — Total liabilities $ 206.7 $ — $ 206.7 $ — $ 176.3 $ — $ 176.3 $ — (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. Investment in Technip Energies - The fair value of our investment in Technip Energies is based on quoted prices that we have the ability to access in public markets, see Note 11 for further details. Equity securities - The fair value measurement of our traded securities is based on quoted prices that we have the ability to access in public markets. Stable value fund and Money market fund - 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 held for sale - The fair value of our assets held for sale was determined using a market approach that took into consideration the expected sales price. As of March 31, 2021, our G1200 vessel is classified as held for sale. In March 2021, we entered into a Memorandum of Agreement to sell the vessel. The agreement is subject to certain conditions precedent to complete the transaction. We expect to complete the sale in the first half of 2021. 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 March 31, 2021 and December 31, 2020, the fair value of our redeemable non-controlling interest was $44.6 million and $43.7 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. We currently 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 19 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 three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 2020 (In millions) Impairment Fair Value (a) Impairment Fair Value (a) Long-lived assets $ 18.8 $ 31.6 $ 104.6 $ 269.6 (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. 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 $2,097.3 million and $2,199.2 million as of March 31, 2021 and December 31, 2020, 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 EVENT

SUBSEQUENT EVENT	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On April 8, 2021, Pursuant to the “Share Purchase Agreement” with BPI, we refunded $100.0 million to BPI as a result of their revised level of investment. On April 27, 2021 we sold 25 million Technip Energies shares, representing 14% of Technip Energies’ share capital, through a private placement by way of an accelerated bookbuild offering (the “Placement”). The sale price of the shares in the Placement was set at €11.10 per share, yielding total gross proceeds of €277.5 million or $335.2 million. Concurrently with the Placement, Technip Energies purchased from TechnipFMC 1.8 million shares (equivalent to 1% of share capital) at €11.10 per share, corresponding to the price of the Placement (the “Concurrent Sale to Technip Energies”). The sale of shares to Technip Energies yielded total gross proceeds of €20.0 million or $24.2 million. This purchase was separate from the Placement. Upon completion of the Placement and the Concurrent Sale to Technip Energies, TechnipFMC retains a direct stake of 55.5 million shares, representing 31% of Technip Energies’ share capital.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	3 Months Ended
	Mar. 31, 2021
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, 2020. 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, 2021.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Income, Assets and liabilities of discontinued operations	The following table summarizes the components of income from discontinued operations, net of tax: Three Months Ended March 31, (In millions) 2021 2020 Revenue $ 906.0 $ 1,547.7 Costs and expenses 889.3 1,442.4 Other income and interest expense, net (18.6) (62.2) Income (loss) from discontinued operations before income taxes $ (1.9) $ 43.1 Income (loss) from discontinued operations, net of income taxes $ (60.2) $ (17.8) Assets and liabilities of discontinued operations are summarized below: December 31, (In millions) 2020 Assets Cash and cash equivalents $ 3,538.6 Trade receivables, net of allowances 1,302.7 Contract assets 333.5 Other current assets 522.0 Total current assets of discontinued operations 5,696.8 Property, plant and equipment, net of accumulated depreciation 117.1 Goodwill 2,512.5 Other assets 664.0 Total non-current assets of discontinued operations 3,293.6 Total assets of discontinued operations $ 8,990.4 Liabilities Accounts payable, trade $ 1,545.1 Contract liabilities 3,690.4 Other current liabilities 885.8 Total current liabilities of discontinued operations 6,121.3 Long-term debt, less current portion 482.2 Operating lease liabilities 248.2 Other liabilities 350.9 Total non-current liabilities of discontinued operations 1,081.3 Total liabilities of discontinued operations $ 7,202.6

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following tables present products and services revenue by geography for each reportable segment for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 March 31, 2020 (In millions) Subsea Surface Technologies Subsea Surface Technologies Europe, Russia, Central Asia $ 255.9 $ 42.1 $ 423.1 $ 50.3 Americas 561.7 75.2 436.5 149.3 Asia Pacific 241.6 24.0 137.6 34.3 Africa 292.2 8.2 214.6 13.6 Middle East 23.8 74.5 21.8 50.5 Total products and services revenue $ 1,375.2 $ 224.0 $ 1,233.6 $ 298.0 The following tables present revenue by contract type for each reportable segment for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 March 31, 2020 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 793.4 $ 32.8 $ 717.5 $ 56.1 Products 581.8 191.2 516.1 241.9 Total products and services revenue 1,375.2 224.0 1,233.6 298.0 Lease 11.3 21.5 19.5 31.5 Total revenue $ 1,386.5 $ 245.5 $ 1,253.1 $ 329.5
Schedule of contract balances	The following table provides information about net contract assets (liabilities) as of March 31, 2021 and December 31, 2020: (In millions) March 31, December 31, $ change % change Contract assets $ 1,008.7 $ 934.1 $ 74.6 8.0 Contract (liabilities) (892.5) (1,045.7) 153.2 14.7 Net contract assets (liabilities) $ 116.2 $ (111.6) $ 227.8 204.1
Schedule of remaining revenue performance obligations	The following table details the order backlog for each business segment as of March 31, 2021: (In millions) 2021 2022 Thereafter Subsea $ 2,954.0 $ 2,534.2 $ 1,368.9 Surface Technologies 274.5 87.9 1.9 Total order backlog $ 3,228.5 $ 2,622.1 $ 1,370.8

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]
Segment revenue and segment operating profit	Segment revenue and segment operating profit (loss) were as follows: Three Months Ended March 31, (In millions) 2021 2020 Segment revenue Subsea $ 1,386.5 $ 1,253.1 Surface Technologies 245.5 329.5 Total revenue $ 1,632.0 $ 1,582.6 Segment operating profit (loss) Subsea $ 37.0 $ (2,750.7) Surface Technologies 8.2 (424.0) Total segment operating profit (loss) $ 45.2 $ (3,174.7) Corporate items Corporate expense (a) (28.8) (30.3) Net interest expense (34.5) (23.0) Loss on early extinguishment of debt (23.5) — Income from investment in Technip Energies 470.1 — Foreign exchange gains (losses) 28.1 (23.1) Total corporate items 411.4 (76.4) Income (loss) before income taxes (b) $ 456.6 $ (3,251.1) (a) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, impairment, restructuring and other expense, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2021
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 (loss) per share calculation was as follows: Three Months Ended March 31, (In millions, except per share data) 2021 2020 Income (loss) from continuing operations attributable to TechnipFMC plc $ 430.3 $ (3,234.8) Income (loss) from discontinued operations attributable to TechnipFMC plc (62.1) (21.3) Net Income (loss) attributable to TechnipFMC plc $ 368.2 $ (3,256.1) Weighted average number of shares outstanding 449.7 447.5 Dilutive effect of restricted stock units 1.4 — Total shares and dilutive securities 451.1 447.5 Basic and diluted earnings (loss) per share attributable to TechnipFMC plc: Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic $ 0.96 $ (7.23) Diluted $ 0.95 $ (7.23) Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc Basic and diluted $ (0.14) $ (0.05) Total earnings (loss) per share attributable to TechnipFMC plc Basic $ 0.82 $ (7.28) Diluted $ 0.81 $ (7.28)
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 March 31, (millions of shares) 2021 2020 Share option awards 1.7 4.7 Restricted share units 4.9 1.1 Performance shares — 2.5 Total 6.6 8.3

RECEIVABLES (Tables)

RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
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 March 31, 2021. (In millions) Year of origination Balance as of March 31, 2021 Balance as of December 31, 2020 Loans receivables, security deposits and other Moody’s rating Ba2 2019 $ 98.5 $ 107.6 Debt securities at amortized cost Moody’s rating B3 2019 — 23.7 Total financial assets $ 98.5 $ 131.3
Financing Receivable, Allowance for Credit Loss	The table below shows the roll-forward of allowance for credit losses as of March 31, 2021 and 2020, respectively. Balance as of March 31, 2021 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Beginning balance in allowance for credit losses $ 40.2 $ 2.4 $ 7.5 $ 0.4 $ 0.5 Current period provision (release) for expected credit losses 3.8 (0.6) (0.5) 0.2 (0.5) Recoveries (5.5) (0.7) (1.1) — — Ending balance in the allowance for credit losses $ 38.5 $ 1.1 $ 5.9 $ 0.6 $ — Balance as of March 31, 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 $ 59.4 $ 4.5 $ 9.5 $ 0.7 $ 1.1 Current period provision for expected credit losses 1.6 — — — — Recoveries (2.6) — (0.5) — — Ending balance in the allowance for credit losses $ 58.4 $ 4.5 $ 9.0 $ 0.7 $ 1.1

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Components Of Inventories	Inventories consisted of the following: (In millions) March 31, December 31, Raw materials $ 222.6 $ 270.3 Work in process 227.5 242.7 Finished goods 714.7 739.8 Inventories, net $ 1,164.8 $ 1,252.8

OTHER CURRENT ASSETS & OTHER _2

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Other Current Assets and Other Current Liabilities [Abstract]
Schedule of other current assets	Other current assets consisted of the following: (In millions) March 31, December 31, Value - added tax receivables $ 260.1 $ 236.4 Prepaid expenses 95.4 78.1 Other tax receivables 80.0 73.8 Sundry receivables 74.1 138.4 Assets held for sale 47.4 47.3 Current financial assets at amortized cost 30.9 40.6 Held-to-maturity investments — 24.2 Other 37.9 24.1 Total other current assets $ 625.8 $ 662.9
Schedule of other current liabilities	Other current liabilities consisted of the following: (In millions) March 31, December 31, Warranty accruals and project contingencies $ 193.2 $ 168.8 Legal provisions 129.6 127.6 Value - added tax and other taxes payable 126.2 91.4 BPI Share Purchase Agreement payable 100.0 — Social security liability 65.9 67.9 Taxes payable to Technip Energies due to separation 59.0 — Provisions 36.1 53.0 Compensation accrual 18.6 54.3 Current portion of accrued pension and other post-retirement benefits 7.1 6.9 Other accrued liabilities 249.9 230.2 Total other current liabilities $ 985.6 $ 800.1

WARRANTY OBLIGATIONS (Tables)

WARRANTY OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2021
Product Warranties Disclosures [Abstract]
Schedule of product warranty liability	A reconciliation of warranty obligations for the three months ended March 31, 2021 and 2020 is as follows: Three Months Ended March 31, (In millions) 2021 2020 Balance at beginning of period $ 109.5 $ 121.7 Warranty expenses 12.5 6.1 Adjustment to existing accruals (12.3) 23.8 Claims paid (3.0) (0.9) Balance at end of period $ 106.7 $ 150.7

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Schedule of related party transactions receivables	Accounts receivable consisted of receivables due from the following related parties: (In millions) March 31, December 31, 2020 Technip Energies $ 130.5 $ — Equinor ASA 32.1 24.1 Dofcon Navegacao 2.9 4.2 Techdof Brasil AS 6.5 8.0 Others 2.1 1.7 Total accounts receivable $ 174.1 $ 38.0
Schedule of related party transactions payables	Accounts payable consisted of payables due to the following related parties: (In millions) March 31, December 31, Technip Energies $ 216.7 $ — Dofcon Navegacao 1.9 1.5 Others 4.0 3.1 Total accounts payable $ 222.6 $ 4.6
Schedule of related party transactions revenue and expenses	Revenue consisted of amounts from the following related parties: Three Months Ended March 31, (In millions) 2021 2020 Equinor ASA $ 95.5 $ — Technip Energies 1.5 — Techdof Brasil AS 3.5 1.3 Others 3.1 3.0 Total revenue $ 103.6 $ 4.3 Expenses consisted of amounts to the following related parties: Three Months Ended March 31, (In millions) 2021 2020 Technip Energies $ 0.6 $ — Dofcon Navegacao 6.6 8.0 Arkema S.A. 0.7 0.4 Magma Global Limited 1.5 0.7 IFP Energies Nouvelles 0.9 1.1 Serimax Holdings SAS — 0.2 Others 6.6 5.9 Total expenses $ 16.9 $ 16.3

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following: (In millions) March 31, December 31, Senior secured revolving credit facility $ 200.0 $ — Commercial paper 21.2 1,043.7 Synthetic bonds due 2021 — 551.2 3.45% Senior Notes due 2022 — 500.0 3.40% 2012 Private placement notes due 2022 176.1 184.0 3.15% 2013 Private placement notes due 2023 299.3 312.9 5.75% 2020 Private placement notes due 2025 234.8 245.4 6.50% Senior notes due 2026 1,000.0 — 4.00% 2012 Private placement notes due 2027 88.0 92.0 4.00% 2012 Private placement notes due 2032 117.4 122.7 3.75% 2013 Private placement notes due 2033 117.4 122.7 Bank borrowings and other 313.7 298.4 Unamortized debt issuance costs and discounts (36.8) (12.8) Total debt 2,531.1 3,460.2 Less: current borrowings (a) 96.8 624.7 Long-term debt $ 2,434.3 $ 2,835.5 (a) As of March 31, 2021 and December 31, 2020, current borrowings consisted primarily of bank borrowings and notes with current maturities of 12 months.

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	(In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2020 $ (1,401.2) $ 34.0 $ (255.3) $ (1,622.5) $ (4.1) Other comprehensive income (loss) before reclassifications, net of tax (28.2) (14.5) 3.5 (39.2) 0.1 Reclassification adjustment for net losses included in net income (loss), net of tax — (2.7) 4.9 2.2 — Other comprehensive income (loss), net of tax (28.2) (17.2) 8.4 (37.0) 0.1 Spin-off of Technip Energies 241.2 (19.7) 37.2 258.7 — March 31, 2021 $ (1,188.2) $ (2.9) $ (209.7) $ (1,400.8) $ (4.0)
Reclassifications out of accumulated other comprehensive loss	Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended March 31, (In millions) 2021 2020 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 $ (10.4) $ (11.1) Revenue 8.3 9.8 Cost of sales 0.1 — Selling, general and administrative expense 4.0 1.0 Other income (expense), net 2.0 (0.3) Income (loss) before income taxes (0.7) (0.2) Provision for income taxes $ 2.7 $ (0.1) Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) (0.1) (0.3) (a) Amortization of net actuarial loss (6.9) (2.8) (a) (7.0) (3.1) Income (loss) before income taxes (2.1) (0.6) Provision for income taxes $ (4.9) $ (2.5) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

IMPAIRMENT, RESTRUCTURING AND_2

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2021
Restructuring and Related Activities [Abstract]
Schedule of impairment, restructuring and other expenses	Impairment, restructuring and other expenses were as follows: Three Months Ended March 31, (In millions) 2021 2020 Subsea $ 19.7 2,773.6 Surface Technologies 2.8 424.4 Corporate and other 3.0 1.1 Total impairment, restructuring and other expenses $ 25.5 $ 3,199.1
Schedule of goodwill and long-lived assets impairment	Goodwill and long-lived assets impairments were as follows: Three Months Ended March 31, (In millions) 2021 2020 Subsea $ 15.7 $ 2,776.5 Surface Technologies 0.1 411.5 Corporate and other 3.0 — Total impairments $ 18.8 $ 3,188.0
Schedule of restructuring, other and COVID-19 expenses	Restructuring and other expenses were as follows: Three Months Ended March 31, 2021 2020 (In millions) Restructuring and other charges Restructuring and other charges COVID-19 expenses Subsea $ 4.0 $ (6.9) $ 4.0 Surface Technologies 2.7 11.8 1.1 Corporate and other — 1.1 — Total $ 6.7 $ 6.0 $ 5.1

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of guarantor obligations	Guarantees consisted of the following: (In millions) March 31, December 31, Financial guarantees (a) $ 98.4 $ 104.9 Performance guarantees (b) 1,146.8 1,353.9 Maximum potential undiscounted payments $ 1,245.2 $ 1,458.8 (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)	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	As of March 31, 2021, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 464.4 544.8 British pound 287.2 395.5 Brazilian real 1,320.1 231.8 Norwegian krone 1,155.3 135.7 Singapore dollar 103.5 77.0 Canadian dollar 31.2 24.7 Indian rupee 752.9 10.2 Kuwaiti dinar (3.0) (10.0) Indonesian rupiah (191,631.6) (13.2) Australian dollar (157.1) (119.6) Malaysian ringgit (732.2) (176.6) U.S. dollar (105.2) (105.2) 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. As of March 31, 2021, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 64.8 11.4 Norwegian krone (138.8) (16.3) Euro (14.4) (16.9) U.S. dollar 20.7 20.7
Schedule of fair value of derivative instruments	The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets: March 31, 2021 December 31, 2020 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 199.7 $ 164.8 $ 189.5 $ 141.9 Long-term - Derivative financial instruments 35.3 33.8 28.9 18.8 Total derivatives designated as hedging instruments 235.0 198.6 218.4 160.7 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 3.8 7.7 79.2 15.6 Long-term - Derivative financial instruments — 0.4 0.3 — Total derivatives not designated as hedging instruments 3.8 8.1 79.5 15.6 Total derivatives $ 238.8 $ 206.7 $ 297.9 $ 176.3
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 March 31, (In millions) 2021 2020 Foreign exchange contracts $ (20.2) $ (91.7)
Schedule of gain (loss) recognized in income related to hedges and derivatives	The following represents the effect of cash flow hedge accounting in the condensed consolidated statements of income for the three months ended March 31, 2021 and 2020: (In millions) Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 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 $ (10.4) $ 8.3 $ 0.1 $ 4.0 $ (11.1) $ 9.8 $ — $ 0.5 Amounts excluded from effectiveness testing 1.0 (1.2) 0.9 (0.6) 1.2 (2.2) — (12.6) Total cash flow hedge gain (loss) recognized in income (9.4) 7.1 1.0 3.4 (9.9) 7.6 — (12.1) Total hedge gain (loss) recognized in income $ (9.4) $ 7.1 $ 1.0 $ 3.4 $ (9.9) $ 7.6 $ — $ (12.1) Gain (loss) recognized in income on derivatives not designated as hedging instruments 0.2 0.5 — (11.4) — — — — Total $ (9.2) $ 7.6 $ 1.0 $ (8.0) $ (9.9) $ 7.6 $ — $ (12.1)
Schedule of derivative assets, gross and net	The following tables present both gross information and net information of recognized derivative instruments: March 31, 2021 December 31, 2020 (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 $ 238.8 $ (125.2) $ 113.6 $ 297.9 $ (128.7) $ 169.2 Derivative liabilities $ 206.7 $ (125.2) $ 81.5 $ 176.3 $ (99.3) $ 77.0
Schedule of derivative liabilities, gross and net	The following tables present both gross information and net information of recognized derivative instruments: March 31, 2021 December 31, 2020 (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 $ 238.8 $ (125.2) $ 113.6 $ 297.9 $ (128.7) $ 169.2 Derivative liabilities $ 206.7 $ (125.2) $ 81.5 $ 176.3 $ (99.3) $ 77.0

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis were as follows: March 31, 2021 December 31, 2020 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Investment in Technip Energies $ 1,249.0 $ 1,249.0 $ — $ — $ — $ — $ — $ — Equity securities (a) 24.3 24.3 — — 23.4 23.4 — — Money market fund 1.9 — 1.9 — 1.7 — 1.7 — Stable value fund (b) 0.8 — — — 0.9 — — — Held-to-maturity debt securities — — — — 24.2 — 24.2 — Derivative financial instruments Foreign exchange contracts 238.8 — 238.8 — 297.9 — 297.9 — Assets held for sale 47.4 — — 47.4 47.3 — — 47.3 Total assets $ 1,562.2 $ 1,273.3 $ 240.7 $ 47.4 $ 395.4 $ 23.4 $ 323.8 $ 47.3 Liabilities Derivative financial instruments Foreign exchange contracts 206.7 — 206.7 — 176.3 — 176.3 — Total liabilities $ 206.7 $ — $ 206.7 $ — $ 176.3 $ — $ 176.3 $ — (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 fair value measurements, nonrecurring	The following summarizes impairments of long-lived assets and related post-impairment fair value for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 2020 (In millions) Impairment Fair Value (a) Impairment Fair Value (a) Long-lived assets $ 18.8 $ 31.6 $ 104.6 $ 269.6 (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.

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narratives (Details)	Feb. 17, 2021	Feb. 16, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin-off, share conversion ratio	0.2
Technip Energies N.V.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin off, ownership interest percentage by parent		50.10%

DISCONTINUED OPERATIONS - Incom

DISCONTINUED OPERATIONS - Income from discontinued operations, net of tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations	$ (60.2)	$ (17.8)
Spinoff | Technip Energies N.V.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	906	1,547.7
Costs and expenses	889.3	1,442.4
Other income and interest expense, net	(18.6)	(62.2)
Income (loss) from discontinued operations before income taxes	(1.9)	43.1
Income (loss) from discontinued operations	$ (60.2)	$ (17.8)

DISCONTINUED OPERATIONS - Asset

DISCONTINUED OPERATIONS - Assets and liabilities of discontinued operations (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets
Total current assets of discontinued operations	$ 0	$ 5,696.8
Total non-current assets of discontinued operations	0	3,293.6
Liabilities
Total current liabilities of discontinued operations	0	6,121.3
Total non-current liabilities of discontinued operations	$ 0	1,081.3
Spinoff | Technip Energies N.V.
Assets
Cash and cash equivalents		3,538.6
Trade receivables, net of allowances		1,302.7
Contract assets		333.5
Other current assets		522
Total current assets of discontinued operations		5,696.8
Property, plant and equipment, net of accumulated depreciation		117.1
Goodwill		2,512.5
Other assets		664
Total non-current assets of discontinued operations		3,293.6
Total assets of discontinued operations		8,990.4
Liabilities
Accounts payable, trade		1,545.1
Contract liabilities		3,690.4
Other current liabilities		885.8
Total current liabilities of discontinued operations		6,121.3
Long-term debt, less current portion		482.2
Operating lease liabilities		248.2
Other liabilities		350.9
Total non-current liabilities of discontinued operations		1,081.3
Total liabilities of discontinued operations		$ 7,202.6

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue, Geographical (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Lease revenue	$ 32.8	$ 51
Total revenue	1,632	1,582.6
Services
Disaggregation of Revenue [Line Items]
Revenue	826.2	773.6
Products
Disaggregation of Revenue [Line Items]
Revenue	773	758
Subsea
Disaggregation of Revenue [Line Items]
Revenue	1,375.2	1,233.6
Lease revenue	11.3	19.5
Subsea | Services
Disaggregation of Revenue [Line Items]
Revenue	793.4	717.5
Subsea | Products
Disaggregation of Revenue [Line Items]
Revenue	581.8	516.1
Subsea | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	255.9	423.1
Subsea | Americas
Disaggregation of Revenue [Line Items]
Revenue	561.7	436.5
Subsea | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	241.6	137.6
Subsea | Africa
Disaggregation of Revenue [Line Items]
Revenue	292.2	214.6
Subsea | Middle East
Disaggregation of Revenue [Line Items]
Revenue	23.8	21.8
Surface Technologies
Disaggregation of Revenue [Line Items]
Revenue	224	298
Lease revenue	21.5	31.5
Surface Technologies | Services
Disaggregation of Revenue [Line Items]
Revenue	32.8	56.1
Surface Technologies | Products
Disaggregation of Revenue [Line Items]
Revenue	191.2	241.9
Surface Technologies | Europe, Russia, Central Asia
Disaggregation of Revenue [Line Items]
Revenue	42.1	50.3
Surface Technologies | Americas
Disaggregation of Revenue [Line Items]
Revenue	75.2	149.3
Surface Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	24	34.3
Surface Technologies | Africa
Disaggregation of Revenue [Line Items]
Revenue	8.2	13.6
Surface Technologies | Middle East
Disaggregation of Revenue [Line Items]
Revenue	74.5	50.5
Operating Segments | Subsea
Disaggregation of Revenue [Line Items]
Total revenue	1,386.5	1,253.1
Operating Segments | Surface Technologies
Disaggregation of Revenue [Line Items]
Total revenue	$ 245.5	$ 329.5

REVENUE - Contract Balances (De

REVENUE - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,008.7		$ 934.1
Contract (liabilities)	(892.5)		(1,045.7)
Net contract assets (liabilities)	116.2		$ (111.6)
Contract assets, increase (decrease)	$ 74.6
Contract with customer, asset, net, current, increase (decrease), (in percent)	8.00%
Contract (liabilities), (increase) decrease	$ 153.2
Contract with customer liability, current, increase (decrease), (in percent)	(14.70%)
Net contract assets (liabilities), increase (decrease)	$ 227.8
Contract assets (liabilities), current, net, increase (decrease), (in percent)	204.10%
Contract with customer, liability, revenue recognized	$ 128.4	$ 143.4
Contract with customer, performance obligation satisfied in previous period	$ (5.3)	$ (11.8)

REVENUE - Performance Obligatio

REVENUE - Performance Obligations (Details) $ in Millions	Mar. 31, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, total amount	$ 7,221.4
Revenue, remaining performance obligation, percentage	44.70%
Revenue, remaining performance obligation, amount	$ 3,228.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 2,954
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 274.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
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, percentage	55.30%
Revenue, remaining performance obligation, amount	$ 2,622.1
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 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 2,534.2
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 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 87.9
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,370.8
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,368.9
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1.9
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) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable segments | segment	2
Segment Reporting Information
Revenue	$ 1,632	$ 1,582.6
Total segment operating profit (loss)	45.2	(3,174.7)
Corporate expense	(28.8)	(30.3)
Net interest expense	(34.5)	(23)
Loss on early extinguishment of debt	(23.5)	0
Income from investment in Technip Energies	470.1	0
Foreign exchange gains (losses)	28.1	(23.1)
Income (loss) before income taxes	456.6	(3,251.1)
Operating Segments | Subsea
Segment Reporting Information
Revenue	1,386.5	1,253.1
Total segment operating profit (loss)	37	(2,750.7)
Operating Segments | Surface Technologies
Segment Reporting Information
Revenue	245.5	329.5
Total segment operating profit (loss)	8.2	(424)
Corporate
Segment Reporting Information
Total corporate items	$ 411.4	$ (76.4)

EARNINGS (LOSS) PER SHARE (Reco

EARNINGS (LOSS) PER SHARE (Reconciliation Of Number Of Shares Used For Basic And Diluted Earnings Per Share ("EPS") Calculation ) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share
Income (loss) from continuing operations attributable to TechnipFMC plc	$ 430.3	$ (3,234.8)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(62.1)	(21.3)
Net Income (loss) attributable to TechnipFMC plc	$ 368.2	$ (3,256.1)
Weighted average number of shares outstanding (in shares)	449.7	447.5
Total shares and dilutive securities (in shares)	451.1	447.5
Earnings (loss) per share from continuing operations basic (usd per share)	$ 0.96	$ (7.23)
Earnings (loss) per share from continued operations diluted (usd per share)	0.95	(7.23)
Earnings (loss) per share from discontinued operations basic (usd per share)	(0.14)	(0.05)
Earnings (loss) per share from discontinued operations diluted (usd per share)	(0.14)	(0.05)
Earnings (loss) attributable to TechnipFMC plc, Basic (usd per share)	0.82	(7.28)
Earnings (loss) attributable to TechnipFMC plc, Diluted (usd per share)	$ 0.81	$ (7.28)
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	6.6	8.3
Share option awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1.7	4.7
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	4.9	1.1
Performance shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	2.5
Share option awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)		2.7
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of share-based payment arrangements (in shares)	1.4	0

RECEIVABLES - Amortized cost ba

RECEIVABLES - Amortized cost basis of financial assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, originated in fiscal year before latest fiscal year	$ 98.5	$ 131.3
Moody's, Ba2 Rating
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, originated in fiscal year before latest fiscal year	98.5	107.6
Moody's, B3 Rating
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, originated in fiscal year before latest fiscal year	$ 0	$ 23.7

RECEIVABLES - Roll-forward of a

RECEIVABLES - Roll-forward of allowance for credit losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Contract assets
Beginning balance in allowance for credit losses	$ 2.4
Ending balance in the allowance for credit losses	1.1
Trade receivables
Trade receivables
Beginning balance in allowance for credit losses	40.2	$ 59.4
Current period provision (release) for expected credit losses	3.8	1.6
Recoveries	(5.5)	(2.6)
Ending balance in the allowance for credit losses	38.5	58.4
Contract assets
Contract assets
Beginning balance in allowance for credit losses	2.4	4.5
Current period provision (release) for expected credit losses	(0.6)	0
Recoveries	(0.7)	0
Ending balance in the allowance for credit losses	1.1	4.5
Loans receivable
Loans receivable
Beginning balance in allowance for credit losses	7.5	9.5
Current period provision (release) for expected credit losses	(0.5)	0
Recoveries	(1.1)	(0.5)
Ending balance in the allowance for credit losses	5.9	9
Security deposit and other
Security deposit and other
Beginning balance in allowance for credit losses	0.4	0.7
Current period provision (release) for expected credit losses	0.2	0
Recoveries	0	0
Ending balance in the allowance for credit losses	0.6	0.7
Held-to-maturity debt securities
Held-to-maturity debt securities
Beginning balance in allowance for credit losses	0.5	1.1
Current period provision (release) for expected credit losses	(0.5)	0
Recoveries	0	0
Ending balance in the allowance for credit losses	$ 0	$ 1.1

INVENTORIES (Components Of Inve

INVENTORIES (Components Of Inventories) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 222.6	$ 270.3
Work in process	227.5	242.7
Finished goods	714.7	739.8
Inventories, net	$ 1,164.8	$ 1,252.8

OTHER CURRENT ASSETS & OTHER _3

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Other Current Assets and Other Current Liabilities [Abstract]
Value - added tax receivables	$ 260.1	$ 236.4
Prepaid expenses	95.4	78.1
Other tax receivables	80	73.8
Sundry receivables	74.1	138.4
Assets held for sale	47.4	47.3
Current financial assets at amortized cost	30.9	40.6
Held-to-maturity investments	0	24.2
Other	37.9	24.1
Total other current assets	$ 625.8	$ 662.9

OTHER CURRENT ASSETS & OTHER _4

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Other Current Assets and Other Current Liabilities [Abstract]
Value - added tax and other taxes payable	$ 193.2	$ 168.8
Value - added tax and other taxes payable	126.2	91.4
Legal provisions	129.6	127.6
BPI Share Purchase Agreement payable	100	0
Social security liability	65.9	67.9
Taxes Payable, Current	59	0
Provisions	36.1	53
Compensation accrual	18.6	54.3
Current portion of accrued pension and other post-retirement benefits	7.1	6.9
Other accrued liabilities	249.9	230.2
Total other current liabilities	$ 985.6	$ 800.1

WARRANTY OBLIGATIONS (Details)

WARRANTY OBLIGATIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 109.5	$ 121.7
Warranty expenses	12.5	6.1
Adjustment to existing accruals	(12.3)	23.8
Claims paid	(3)	(0.9)
Balance at end of period	$ 106.7	$ 150.7

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details) - USD ($) $ in Millions	Apr. 08, 2021	Feb. 25, 2021	Mar. 31, 2021	Mar. 31, 2020	Apr. 27, 2021	Feb. 16, 2021	Dec. 31, 2020
Schedule of Equity Method Investments
Investment in Technip Energies			$ 7.7	$ 21.1
Revaluation gain			470.1	$ 0
Investment in Technip Energies			$ 1,249				$ 0
Technip Energies
Schedule of Equity Method Investments
Equity method investment, ownership percentage			45.70%			49.90%
Purchased shares			7,500,000
Purchased value			$ 100
Owned (in shares)			82,300,000
Subsequent Event | Technip Energies
Schedule of Equity Method Investments
Equity method investment, ownership percentage					31.00%
Purchased value	$ 100
BPI France
Schedule of Equity Method Investments
Total purchase consideration		$ 200
Technip Energies N.V. | Subsequent Event | Technip Energies
Schedule of Equity Method Investments
Percentage of share capital					15.00%

RELATED PARTY TRANSACTIONS - Tr

RELATED PARTY TRANSACTIONS - Trade Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Total accounts receivable	$ 174.1	$ 38
Technip Energies | Equity Method Investee
Related Party Transaction [Line Items]
Total accounts receivable	130.5	0
Equinor ASA | Director
Related Party Transaction [Line Items]
Total accounts receivable	32.1	24.1
Dofcon Navegacao | Equity Method Investee
Related Party Transaction [Line Items]
Total accounts receivable	2.9	4.2
Techdof Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Total accounts receivable	6.5	8
Others | Other Affiliates
Related Party Transaction [Line Items]
Total accounts receivable	$ 2.1	$ 1.7

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - Trade Payables (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Total accounts payable	$ 222.6	$ 4.6
Technip Energies | Equity Method Investee
Related Party Transaction [Line Items]
Total accounts payable	216.7	0
Dofcon Navegacao | Equity Method Investee
Related Party Transaction [Line Items]
Total accounts payable	1.9	1.5
Others | Other Affiliates
Related Party Transaction [Line Items]
Total accounts payable	$ 4	$ 3.1

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Dofcon Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Note receivables	$ 25.3	$ 37.6

RELATED PARTY TRANSACTIONS - Re

RELATED PARTY TRANSACTIONS - Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Related Party Transaction [Line Items]
Revenue	$ 103.6	$ 4.3
Equinor ASA | Director
Related Party Transaction [Line Items]
Revenue	95.5	0
Technip Energies | Equity Method Investee
Related Party Transaction [Line Items]
Revenue	1.5	0
Techdof Brasil AS | Equity Method Investee
Related Party Transaction [Line Items]
Revenue	3.5	1.3
Others | Other Affiliates
Related Party Transaction [Line Items]
Revenue	$ 3.1	$ 3

RELATED PARTY TRANSACTIONS - Ex

RELATED PARTY TRANSACTIONS - Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Related Party Transaction [Line Items]
Expenses	$ 16.9	$ 16.3
Technip Energies
Related Party Transaction [Line Items]
Expenses	0.6	0
Dofcon Navegacao
Related Party Transaction [Line Items]
Expenses	6.6	8
Arkema S.A. | Director
Related Party Transaction [Line Items]
Expenses	0.7	0.4
Magma Global Limited | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	1.5	0.7
IFP Energies Nouvelles | Director
Related Party Transaction [Line Items]
Expenses	0.9	1.1
Serimax Holdings SAS | Equity Method Investee
Related Party Transaction [Line Items]
Expenses	0	0.2
Others | Other Affiliates
Related Party Transaction [Line Items]
Expenses	$ 6.6	$ 5.9

DEBT (Schedule Of Long-Term Deb

DEBT (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Jan. 29, 2021	Dec. 31, 2020
Debt Instrument
Unamortized debt issuance costs and discounts	$ (36.8)		$ (12.8)
Total debt	2,531.1		3,460.2
Less: current borrowings (a)	96.8		624.7
Long-term debt	2,434.3		2,835.5
Line of Credit | Senior secured revolving credit facility
Debt Instrument
Long-term debt, gross	200		0
Commercial paper
Debt Instrument
Long-term debt, gross	21.2		1,043.7
Synthetic bonds due 2021
Debt Instrument
Long-term debt, gross	0	$ 542.4	551.2
Bank borrowings and other
Debt Instrument
Long-term debt, gross	313.7		298.4
Private Placement Notes | 3.40% 2012 Private placement notes due 2022
Debt Instrument
Long-term debt, gross	$ 176.1		$ 184
Interest rate, stated percentage	3.40%		3.40%
Private Placement Notes | 3.40% 2012 Private placement notes due 2022
Debt Instrument
Long-term debt, gross	$ 299.3		$ 312.9
Interest rate, stated percentage	3.15%		3.15%
Private Placement Notes | 5.75% 2020 Private placement notes due 2025
Debt Instrument
Long-term debt, gross	$ 234.8		$ 245.4
Interest rate, stated percentage	5.75%		5.75%
Private Placement Notes | 5.75% 2020 Private placement notes due 2025
Debt Instrument
Long-term debt, gross	$ 88		$ 92
Interest rate, stated percentage	4.00%		4.00%
Private Placement Notes | 4.00% 2012 Private placement notes due 2032
Debt Instrument
Long-term debt, gross	$ 117.4		$ 122.7
Interest rate, stated percentage	4.00%		4.00%
Private Placement Notes | 4.00% 2012 Private placement notes due 2032
Debt Instrument
Long-term debt, gross	$ 117.4		$ 122.7
Interest rate, stated percentage	3.75%		3.75%
Senior Notes | 3.45% Senior Notes due 2022
Debt Instrument
Long-term debt, gross	$ 0	$ 500	$ 500
Interest rate, stated percentage		3.45%
Senior Notes | 6.50% Senior notes due 2026
Debt Instrument
Long-term debt, gross	$ 1,000		$ 0
Interest rate, stated percentage		6.50%

DEBT (Debt Financing Transactio

DEBT (Debt Financing Transactions in Connection with the Spin-off) (Details)	Feb. 16, 2021USD ($)	Jan. 29, 2021USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)	May 19, 2020EUR (€)	Jan. 17, 2017USD ($)
Line of Credit Facility
Loss on early extinguishment of debt			$ (23,500,000)	$ 0
Line of Credit | Senior secured revolving credit facility
Line of Credit Facility
Maximum borrowing capacity	$ 1,000,000,000					€ 500,000,000	$ 2,500,000,000
Debt instrument, term	3 years
Long-term debt, gross			200,000,000		$ 0
Letter of Credit | Senior secured revolving credit facility
Line of Credit Facility
Maximum borrowing capacity	$ 450,000,000
Senior Notes | 6.50% Senior notes due 2026
Line of Credit Facility
Debt instrument, face amount		$ 1,000,000,000
Interest rate, stated percentage		6.50%
Long-term debt, gross			1,000,000,000		0
Senior Notes | 3.45% Senior Notes due 2022
Line of Credit Facility
Interest rate, stated percentage		3.45%
Long-term debt, gross		$ 500,000,000	0		500,000,000
Loss on early extinguishment of debt		23,500,000
Synthetic bonds due 2021
Line of Credit Facility
Long-term debt, gross		$ 542,400,000	0		551,200,000
Commercial paper
Line of Credit Facility
Long-term debt, gross			21,200,000		$ 1,043,700,000
Commercial paper | U.S. dollar
Line of Credit Facility
Maximum borrowing capacity			$ 830,900,000

DEBT (Credit Facilities and Deb

DEBT (Credit Facilities and Debt) (Details)	Feb. 16, 2021USD ($)	Mar. 31, 2021USD ($)	Jan. 29, 2021USD ($)	Dec. 31, 2020USD ($)	May 19, 2020EUR (€)	Jan. 17, 2017USD ($)
Senior secured revolving credit facility | Minimum | Euro loan
Line of Credit Facility
Debt instrument, basis spread on variable rate		2.50%
Senior secured revolving credit facility | Minimum | Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate		1.50%
Senior secured revolving credit facility | Maximum | Euro loan
Line of Credit Facility
Debt instrument, basis spread on variable rate		3.50%
Senior secured revolving credit facility | Maximum | Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate		2.50%
Senior secured revolving credit facility | Letter of Credit
Line of Credit Facility
Letters of credit outstanding amount		$ 0
Line of credit facility borrowing capacity		800,000,000
Senior Notes | 6.50% Senior notes due 2026
Line of Credit Facility
Interest rate, stated percentage			6.50%
Long-term debt, gross		1,000,000,000		$ 0
Senior Notes | Note 2021
Line of Credit Facility
Debt issuance costs	$ 27,900,000
Debt issuance costs			$ 25,700,000
Line of Credit | Senior secured revolving credit facility
Line of Credit Facility
Maximum borrowing capacity	$ 1,000,000,000				€ 500,000,000	$ 2,500,000,000
Debt instrument, term	3 years
Long-term debt, gross		$ 200,000,000		$ 0

DEBT (Commercial Paper) (Detail

DEBT (Commercial Paper) (Details) - Commercial Paper - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument
Long-term debt, gross	$ 21.2	$ 1,043.7
U.S. dollar
Debt Instrument
Long term debt, weighted average interest rate	0.48%

STOCKHOLDERS_ EQUITY (Accumulat

STOCKHOLDERS’ EQUITY (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 4,214.3	$ 7,688.1
Other comprehensive income (loss), net of tax	(36.9)	(305.3)
Ending balance	3,695.5	$ 4,084.8
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(1,401.2)
Other comprehensive income (loss) before reclassifications, net of tax	(28.2)
Reclassification adjustment for net losses included in net income (loss), net of tax	0
Other comprehensive income (loss), net of tax	(28.2)
Spin-off of Technip Energies	241.2
Ending balance	(1,188.2)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	34
Other comprehensive income (loss) before reclassifications, net of tax	(14.5)
Reclassification adjustment for net losses included in net income (loss), net of tax	(2.7)
Other comprehensive income (loss), net of tax	(17.2)
Spin-off of Technip Energies	(19.7)
Ending balance	(2.9)
Defined Pension  and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(255.3)
Other comprehensive income (loss) before reclassifications, net of tax	3.5
Reclassification adjustment for net losses included in net income (loss), net of tax	4.9
Other comprehensive income (loss), net of tax	8.4
Spin-off of Technip Energies	37.2
Ending balance	(209.7)
Accumulated Other Comprehensive  Loss Attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(1,622.5)
Other comprehensive income (loss) before reclassifications, net of tax	(39.2)
Reclassification adjustment for net losses included in net income (loss), net of tax	2.2
Other comprehensive income (loss), net of tax	(37)
Spin-off of Technip Energies	258.7
Ending balance	(1,400.8)
Accumulated Other Comprehensive  Loss Attributable to Non-Controlling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(4.1)
Other comprehensive income (loss) before reclassifications, net of tax	0.1
Reclassification adjustment for net losses included in net income (loss), net of tax	0
Other comprehensive income (loss), net of tax	0.1
Spin-off of Technip Energies	0
Ending balance	$ (4)

STOCKHOLDERS_ EQUITY (Reclassif

STOCKHOLDERS’ EQUITY (Reclassification out of Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Reclassification out of Accumulated Other Comprehensive Income
Revenue	$ (1,632)	$ (1,582.6)
Selling, general and administrative expense	(147.6)	(195.3)
Other income (expense), net	35.6	(7.9)
Income (loss) before income taxes	456.6	(3,251.1)
Provision for income taxes	24.5	(23.2)
Net income (loss)	371.9	(3,245.7)
Amount Reclassified out of Accumulated Other Comprehensive Loss
Reclassification out of Accumulated Other Comprehensive Income
Income (loss) before income taxes	(7)	(3.1)
Provision for income taxes	(2.1)	(0.6)
Net income (loss)	(4.9)	(2.5)
Amount Reclassified out of Accumulated Other Comprehensive Loss | Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Reclassification out of Accumulated Other Comprehensive Income
Amortization of prior service credit (cost)	(0.1)	(0.3)
Amortization of net actuarial loss	(6.9)	(2.8)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging
Reclassification out of Accumulated Other Comprehensive Income
Revenue	10.4	11.1
Cost of sales	8.3	9.8
Selling, general and administrative expense	0.1	0
Other income (expense), net	4	1
Income (loss) before income taxes	2	(0.3)
Provision for income taxes	(0.7)	(0.2)
Net income (loss)	$ 2.7	$ (0.1)

SHARE-BASED COMPENSATION (Narra

SHARE-BASED COMPENSATION (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Feb. 17, 2021	Feb. 16, 2021	Jan. 11, 2017
Share-based Compensation Arrangement by Share-based Payment Award
Number of additional shares authorized (in shares)				11,900,000
TechnipFMC plc Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares authorized (in shares)			15,200,000		24,100,000
Stock-based compensation expense for nonvested stock units	$ 3.4	$ 21.6

IMPAIRMENT, RESTRUCTURING AND_3

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES - Restructuring, Settlement and Impairment Provisions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	$ 25.5	$ 3,199.1
Subsea
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	19.7	2,773.6
Surface Technologies
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	2.8	424.4
Corporate and other
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	$ 3	$ 1.1

IMPAIRMENT, RESTRUCTURING AND_4

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES - Goodwill and Long-Lived Assets Impairments Goodwill and Long-Lived Assets Impairments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Total impairments	$ 18.8	$ 3,188
Subsea
Restructuring Cost and Reserve [Line Items]
Total impairments	15.7	2,776.5
Surface Technologies
Restructuring Cost and Reserve [Line Items]
Total impairments	0.1	411.5
Corporate and other
Restructuring Cost and Reserve [Line Items]
Total impairments	$ 3	$ 0

IMPAIRMENT, RESTRUCTURING AND_5

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring and Impairment
Total impairments	$ 18.8	$ 3,188
COVID-19 expenses		5.1
Property, Plant and Equipment
Restructuring and Impairment
Total impairments	18.8	104.6
Subsea
Restructuring and Impairment
Total impairments	15.7	2,776.5
Goodwill, impairment loss		2,747.5
COVID-19 expenses		4
Subsea | Property, Plant and Equipment
Restructuring and Impairment
Other asset impairment charges		29
Surface Technologies
Restructuring and Impairment
Total impairments	$ 0.1	411.5
Goodwill, impairment loss		335.9
COVID-19 expenses		1.1
Surface Technologies | Property, Plant and Equipment
Restructuring and Impairment
Other asset impairment charges		$ 75.6

IMPAIRMENT, RESTRUCTURING AND_6

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES - Restructuring and Other Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	$ 6.7	$ 6
COVID-19 expenses		5.1
Subsea
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	4	(6.9)
COVID-19 expenses		4
Surface Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	2.7	11.8
COVID-19 expenses		1.1
Corporate and other
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	$ 0	1.1
COVID-19 expenses		$ 0

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES - Narrative (Details) - USD ($) $ in Millions	Jun. 25, 2019	Sep. 30, 2019	Mar. 31, 2021
Guarantor Obligations
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 (in years)			five years

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES - Guarantees of our Consolidated Subsidiaries (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	$ 1,245.2	$ 1,458.8
Financial guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	98.4	104.9
Performance guarantees
Guarantor Obligations
Guarantor obligations, maximum exposure, undiscounted	$ 1,146.8	$ 1,353.9

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Effective tax rate	5.40%	0.70%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Schedule Of Notional Amounts Of Outstanding Derivative Positions) (Details) - Mar. 31, 2021 € in Millions, ₨ in Millions, د.ك in Millions, £ in Millions, kr in Millions, Rp in Millions, RM in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions

EUR (€)

USD ($)

GBP (£)

BRL (R$)

NOK (kr)

SGD ($)

CAD ($)

INR (₨)

KWD (د.ك)

IDR (Rp)

AUD ($)

MYR (RM)

Foreign Exchange Forward | Euro | Notional Amount Bought

Derivative

Derivative, notional amount

€ (464.4)

$ (544.8)

Foreign Exchange Forward | British pound | Notional Amount Bought

Derivative

Derivative, notional amount

(395.5)

£ (287.2)

Foreign Exchange Forward | Brazilian real | Notional Amount Bought

Derivative

Derivative, notional amount

(231.8)

R$ 1320.1

Foreign Exchange Forward | Norwegian krone | Notional Amount Bought

Derivative

Derivative, notional amount

(135.7)

kr (1,155.3)

Foreign Exchange Forward | Singapore dollar | Notional Amount Bought

Derivative

Derivative, notional amount

(77)

$ (103.5)

Foreign Exchange Forward | Canadian dollar | Notional Amount Bought

Derivative

Derivative, notional amount

(24.7)

$ (31.2)

Foreign Exchange Forward | Indian rupee | Notional Amount Bought

Derivative

Derivative, notional amount

(10.2)

₨ (752.9)

Foreign Exchange Forward | Kuwaiti dinar | Notional Amount Sold

Derivative

Derivative, notional amount

(10)

د.ك (3.0)

Foreign Exchange Forward | Indonesian rupiah | Notional Amount Sold

Derivative

Derivative, notional amount

(13.2)

Rp (191,631.6)

Foreign Exchange Forward | Australian dollar | Notional Amount Sold

Derivative

Derivative, notional amount

(119.6)

$ (157.1)

Foreign Exchange Forward | Malaysian ringgit | Notional Amount Sold

Derivative

Derivative, notional amount

(176.6)

RM (732.2)

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

Derivative

Derivative, notional amount

(105.2)

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

Derivative

Derivative, notional amount

€ (14.4)

(16.9)

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

Derivative

Derivative, notional amount

(11.4)

R$ 64.8

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

Derivative

Derivative, notional amount

(16.3)

kr (138.8)

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

Derivative

Derivative, notional amount

$ (20.7)

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss on cash flow hedge due to forecasted transaction	$ (4.4)	$ 12.9
Cash flow hedge gain (loss) expected to be reclassified within 12 months	$ 36
Hedges maturity year	2023

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS (Fair Value Of Derivative Instruments In Balance Sheets) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Derivatives, Fair Value
Derivative assets	$ 238.8		$ 297.9
Derivative liabilities	206.7		176.3
Derivatives Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	235		218.4
Derivative liabilities	198.6		160.7
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	199.7		189.5
Derivative liabilities	164.8		141.9
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	35.3		28.9
Derivative liabilities	33.8		18.8
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	3.8		79.5
Derivative liabilities	8.1		15.6
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	3.8		79.2
Derivative liabilities	7.7		15.6
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	0		$ 0.3
Derivative liabilities	0.4
Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value
Foreign exchange contracts	$ (20.2)	$ (91.7)

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
	Mar. 31, 2021	Mar. 31, 2020
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	$ 1,632	$ 1,582.6
Selling, General and Administrative Expense	(147.6)	(195.3)
Other income (expense), net	35.6	(7.9)
Foreign exchange contracts | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0.2	0
Total gain (loss) recognized in income associated with hedges and derivatives	(9.2)	(9.9)
Foreign exchange contracts | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0.5	0
Total gain (loss) recognized in income associated with hedges and derivatives	7.6	7.6
Foreign exchange contracts | Selling, general and administrative expense
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	0
Total gain (loss) recognized in income associated with hedges and derivatives	1	0
Foreign exchange contracts | Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(11.4)	0
Total gain (loss) recognized in income associated with hedges and derivatives	(8)	(12.1)
Foreign exchange contracts | Cash Flow Hedging | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	1	1.2
Total cash flow hedge gain (loss) recognized in income	(9.4)	(9.9)
Total hedge gain (loss) recognized in income	(9.4)	(9.9)
Foreign exchange contracts | Cash Flow Hedging | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	(1.2)	(2.2)
Total cash flow hedge gain (loss) recognized in income	7.1	7.6
Total hedge gain (loss) recognized in income	7.1	7.6
Foreign exchange contracts | Cash Flow Hedging | Selling, general and administrative expense
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	0.9	0
Total cash flow hedge gain (loss) recognized in income	1	0
Total hedge gain (loss) recognized in income	1	0
Foreign exchange contracts | Cash Flow Hedging | Other income (expense), net
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	(0.6)	(12.6)
Total cash flow hedge gain (loss) recognized in income	3.4	(12.1)
Total hedge gain (loss) recognized in income	3.4	(12.1)
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]
Total revenue	(10.4)	(11.1)
Cost of Revenue	8.3	9.8
Selling, General and Administrative Expense	0.1	0
Other income (expense), net	4	1
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	(10.4)	(11.1)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Cost of Revenue	8.3	9.8
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging | Selling, general and administrative expense
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Selling, General and Administrative Expense	0.1	0
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Loss | Hedging | Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Other income (expense), net	$ 4	$ 0.5

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS (Offsetting Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivative assets
Gross Amount Recognized	$ 238.8	$ 297.9
Gross Amounts Not Offset, Permitted Under Master Netting Agreements	(125.2)	(128.7)
Net Amount	113.6	169.2
Derivative liabilities
Gross Amount Recognized	206.7	176.3
Gross Amounts Not Offset Permitted Under Master Netting Agreements	(125.2)	(99.3)
Net Amount	$ 81.5	$ 77

FAIR VALUE MEASUREMENTS (Assets

FAIR VALUE MEASUREMENTS (Assets And Liabilities Measured On A Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets, Fair Value Disclosure [Abstract]
Investments in equity affiliates	$ 316.9	$ 305.5
Equity securities	1,249	0
Derivative financial instrument assets	113.6	169.2
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	81.5	77
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Investments in equity affiliates	1,249	0
Equity securities	24.3	23.4
Held-to-maturity debt securities	0	24.2
Assets held for sale	47.4	47.3
Total assets	1,562.2	395.4
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	206.7	176.3
Fair Value, Measurements, Recurring | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	238.8	297.9
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	206.7	176.3
Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Investments in equity affiliates	1,249	0
Equity securities	24.3	23.4
Held-to-maturity debt securities	0	0
Assets held for sale	0	0
Total assets	1,273.3	23.4
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Investments in equity affiliates	0	0
Equity securities	0	0
Held-to-maturity debt securities	0	24.2
Assets held for sale	0	0
Total assets	240.7	323.8
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	206.7	176.3
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	238.8	297.9
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	206.7	176.3
Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Investments in equity affiliates	0	0
Equity securities	0	0
Held-to-maturity debt securities	0	0
Assets held for sale	47.4	47.3
Total assets	47.4	47.3
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Derivative financial instrument assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Nonqualified Plan | Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Money market fund	1.9	1.7
Stable value fund	0.8	0.9
Nonqualified Plan | Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Money market fund	0	0
Stable value fund	0	0
Nonqualified Plan | Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Money market fund	1.9	1.7
Stable value fund	0	0
Nonqualified Plan | Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Money market fund	0	0
Stable value fund	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Narrat

FAIR VALUE MEASUREMENTS (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Jan. 29, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Redeemable Noncontrolling Interest	$ 44.6	$ 43.7
Derivative, Credit Risk Related Contingent Features, Existence and Nature	We currently 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	$ 2,097.3	$ 2,199.2
Island Offshore Subsea AS | Island Offshore Subsea AS
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Redeemable noncontrolling interest, acquired percent			51.00%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets impairment	$ 18.8	$ 3,188
Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets impairment	18.8	104.6
Property, Plant and Equipment | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets, fair value	$ 31.6	$ 269.6
Property, Plant and Equipment | Fair Value, Nonrecurring | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value unobservable input rate (in percent)	10.80%	10.80%

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) € / shares in Units, shares in Thousands, € in Millions, $ in Millions	Apr. 27, 2021USD ($)shares	Apr. 27, 2021EUR (€)€ / sharesshares	Apr. 08, 2021USD ($)	Mar. 31, 2021USD ($)	Feb. 16, 2021
Technip Energies
Subsequent Event [Line Items]
Purchased value | $				$ 100
Equity method investment, ownership percentage				45.70%	49.90%
Subsequent Event | Private Placement
Subsequent Event [Line Items]
Sale, price per share (in Euro per share) | € / shares		€ 11.10
Subsequent Event | Technip Energies
Subsequent Event [Line Items]
Purchased value | $			$ 100
Equity securities, number of shares sold (in shares)	55,500	55,500
Equity method investment, ownership percentage		31.00%
Subsequent Event | Technip Energies | Private Placement
Subsequent Event [Line Items]
Equity securities, number of shares sold (in shares)	25,000	25,000
Proceeds from sale	$ 335.2	€ 277.5
Subsequent Event | Technip Energies | Concurrent Sale To Technip Energies
Subsequent Event [Line Items]
Equity securities, number of shares sold (in shares)	1,800	1,800
Sale, price per share (in Euro per share) | € / shares		€ 11.10
Proceeds from sale	$ 24.2	€ 20
Subsequent Event | Technip Energies N.V. | Technip Energies
Subsequent Event [Line Items]
Percentage of share capital		15.00%
Subsequent Event | Technip Energies N.V. | Technip Energies | Private Placement
Subsequent Event [Line Items]
Percentage of share capital		14.00%
Subsequent Event | Technip Energies N.V. | Technip Energies | Concurrent Sale To Technip Energies
Subsequent Event [Line Items]
Percentage of share capital		1.00%