TechnipFMC (FTI) 10-Q 26 Oct 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Oct. 23, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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 Subsea Lane
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Country	US
Entity Address, Postal Zip Code	77044
Country Region	1
City Area Code	281
Local Phone Number	591-4000
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		435,460,168
Entity Central Index Key	0001681459
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Lease revenue	$ 83.1	$ 52.4	$ 201.3	$ 157.5
Total revenue	2,056.9	1,733	5,746.5	5,006
Costs and expenses
Cost of lease revenue	57.5	36.8	143	120
Selling, general and administrative expense	183.8	151.9	487.7	454.6
Research and development expense	17.5	19	49.7	45.1
Impairment, restructuring and other expenses	4.3	6.9	10	15.1
Total costs and expenses	1,896.1	1,652.2	5,376.2	4,837.8
Other income (expense), net (Note 13)	(41.5)	(10.3)	(225.1)	33.5
Income from equity affiliates (Note 9)	20.6	13.8	35.9	23.5
Loss from investment in Technip Energies	0	0	0	(27.7)
Income before net interest expense and income taxes	139.9	84.3	181.1	197.5
Interest income	4	4.2	16.4	12.2
Interest expense	(30.7)	(35.1)	(92.1)	(104.7)
Loss on early extinguishment of debt	0	0	0	(29.8)
Income before income taxes	113.2	53.4	105.4	75.2
Provision for income taxes (Note 14)	19.5	42.7	100.2	91
Income (loss) from continuing operations	93.7	10.7	5.2	(15.8)
(Income) from continuing operations attributable to non-controlling interests	(3.7)	(5.7)	(2)	(19.4)
Income (loss) from continuing operations attributable to TechnipFMC plc	90	5	3.2	(35.2)
Loss from discontinued operations	0	(15.3)	0	(34.7)
Net income (loss) attributable to TechnipFMC plc	$ 90	$ (10.3)	$ 3.2	$ (69.9)
Earnings Per Share, Basic and Diluted [Abstract]
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic (usd per share)	$ 0.21	$ 0.01	$ 0.01	$ (0.08)
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Diluted (usd per share)	0.20	0.01	0.01	(0.08)
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc basic (usd per share)	0	(0.03)	0	(0.08)
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc diluted (usd per share)	0	(0.03)	0	(0.08)
Total earnings (loss) per share attributable to TechnipFMC plc Basic (usd per share)	0.21	(0.02)	0.01	(0.16)
Total earnings (loss) per share attributable to TechnipFMC plc Diluted (usd per share)	$ 0.20	$ (0.02)	$ 0.01	$ (0.16)
Weighted average shares outstanding (Note 5)
Basic (in shares)	436.9	450.1	439.7	451.1
Diluted (in shares)	450.3	458.1	452.9	451.1
Service revenue
Revenue
Revenue	$ 1,180.7	$ 902	$ 3,098.2	$ 2,773.6
Costs and expenses
Cost of product and service revenue	916.6	684.1	2,589.1	2,288.5
Products
Revenue
Revenue	793.1	778.6	2,447	2,074.9
Costs and expenses
Cost of product and service revenue	$ 716.4	$ 753.5	$ 2,096.7	$ 1,914.5

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss) attributable to TechnipFMC plc		$ 90	$ (10.3)		$ 3.2		$ (69.9)
(Income) from continuing operations attributable to non-controlling interests		(3.7)	(5.7)		(2)		(19.4)
Net income (loss) attributable to TechnipFMC plc, including non-controlling interests		93.7	(4.6)		5.2		(50.5)
Foreign currency translation adjustments
Foreign currency translation adjustments		(50.5)	(100)	[1]	(0.6)	[1]	(104.3)	[1]
Net gains (losses) on hedging instruments
Net gains (losses) arising during the period		5.6	(33.4)		(19.3)		(92)
Reclassification adjustment for net (gains) losses included in net income (loss)		(12.4)	6.7		(3.8)		18.5
Net losses on hedging instruments	[2]	(6.8)	(26.7)		(23.1)		(73.5)
Pension and other post-retirement benefits
Net gains (losses) arising during the period		0.5	(1.5)		0.7		(3)
Reclassification adjustment for amortization of prior service cost included in net income (loss)		0.1	0.1		0.2		0.3
Reclassification adjustment for amortization of net actuarial loss included in net income (loss)		2.2	2.9		6.6		8.9
Net pension and other post-retirement benefits	[3]	2.8	1.5		7.5		6.2
Other comprehensive loss, net of tax		(54.5)	(125.2)		(16.2)		(171.6)
Comprehensive income (loss)		39.2	(129.8)		(11)		(222.1)
Comprehensive (income) attributable to non-controlling interest		(10.7)	(2.9)		(5.8)		(12.2)
Comprehensive income (loss) attributable to TechnipFMC plc		$ 28.5	$ (132.7)		$ (16.8)		$ (234.3)
[1]Net of income tax of nil for the three and nine months ended September 30, 2023 and 2022.[2]Net of income tax benefit of $11.4 million and $8.1 million for the three months ended September 30, 2023 and 2022, respectively, and $0.4 million and $8.2 million for the nine months ended September 30, 2023 and 2022, respectively.[3]Net of income tax (expense) benefit of $(0.5) million and $(2.9) million for the three months ended September 30, 2023 and 2022, respectively, and $1.5 million and $(6.0) million for the nine months ended September 30, 2023 and 2022, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ 0	$ 0	$ 0
Net gains (losses) on hedging instruments, tax benefit	11.4	8.1	0.4	8.2
Net pension and other post-retirement benefits, tax expense	$ (0.5)	$ (2.9)	$ 1.5	$ (6)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 690.9	$ 1,057.1
Trade receivables, net of allowances of $35.7 in 2023 and $34.1 in 2022	1,324.4	966.5
Contract assets, net of allowances of $1.6 in 2023 and $1.1 in 2022	1,204.6	981.6
Inventories, net (Note 7)	1,158.5	1,039.7
Derivative financial instruments (Note 15)	139.9	282.7
Income taxes receivable	119.8	125.3
Advances paid to suppliers	80	80.8
Other current assets (Note 8)	577.2	455
Total current assets	5,295.3	4,988.7
Investments in equity affiliates (Note 9)	280	325
Property, plant and equipment, net of accumulated depreciation of $2,639.1 in 2023 and $2,255.5 in 2022	2,240	2,354.9
Operating lease right-of-use assets	759	801.9
Finance lease right-of-use assets	60.5	51.6
Intangible assets, net of accumulated amortization of $729.3 in 2023 and $663.8 in 2022	650.1	716
Deferred income taxes	85.3	72.5
Derivative financial instruments (Note 15)	12.7	7.2
Other assets	141.4	126.5
Total assets	9,524.3	9,444.3
Liabilities and equity
Short-term debt and current portion of long-term debt (Note 11)	407.3	367.3
Operating lease liabilities	135.1	136.1
Finance lease liabilities	3.5	51.9
Accounts payable, trade	1,537.7	1,282.8
Contract liabilities	1,237.9	1,156.4
Derivative financial instruments (Note 15)	188.2	346.6
Income taxes payable	127.9	96.7
Other current liabilities (Note 8)	818.6	736.5
Total current liabilities	4,456.2	4,174.3
Long-term debt, less current portion (Note 11)	933.5	999.3
Operating lease liabilities, less current portion	688.9	735.7
Financing lease liabilities, less current portion	60.6	1.4
Deferred income taxes	47.3	55.5
Accrued pension and other post-retirement benefits, less current portion	54.4	59.7
Derivative financial instruments (Note 15)	25.6	3.6
Other liabilities	147.8	138.1
Total liabilities	6,414.3	6,167.6
Commitments and contingent liabilities (Note 13)
Stockholders’ equity (Note 12)
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2023 and 2022; 435.5 shares and 442.2 shares issued and outstanding in 2023 and 2022, respectively	435.5	442.2
Capital in excess of par value of ordinary shares	8,979.9	9,109.7
Accumulated deficit	(5,025.5)	(5,010)
Accumulated other comprehensive loss	(1,321.7)	(1,301.7)
Total TechnipFMC plc stockholders’ equity	3,068.2	3,240.2
Non-controlling interests	41.8	36.5
Total equity	3,110	3,276.7
Total liabilities and equity	$ 9,524.3	$ 9,444.3

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Receivables, allowances	$ 35.7	$ 34.1
Allowance for contract assets	1.6	1.1
Property, plant and equipment, accumulated depreciation	2,639.1	2,255.5
Intangible assets, accumulated amortization	$ 729.3	$ 663.8
Ordinary shares, par value (usd per share)	$ 1	$ 1
Ordinary shares, shares authorized (in shares)	618,300,000	618,300,000
Ordinary shares, shares issued (in shares)	435,500,000	442,200,000
Ordinary shares, shares outstanding (in shares)	435,500,000	442,200,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash provided (required) by operating activities
Net income (loss)	$ 5.2	$ (50.5)
Net loss from discontinued operations	0	34.7
Adjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities
Depreciation and amortization	283.3	284.4
Loss from investment in Technip Energies	0	27.7
Income from equity affiliates, net of dividends received	(35.9)	(23.1)
Loss on early extinguishment of debt	0	29.8
Other non-cash items, net	32.1	79.9
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and Contract assets, net	(587.6)	(375.1)
Inventories, net	(112.9)	(27.4)
Accounts payable, trade	275.7	134.7
Contract liabilities	89.4	(242.7)
Income taxes payable, net	46	(19)
Other current assets and liabilities, net	42.7	(93.5)
Other non-current assets and liabilities, net	(46.1)	25.8
Cash required by operating activities	(8.1)	(214.3)
Cash provided (required) by investing activities
Capital expenditures	(153.7)	(94.3)
Proceeds from sales of assets	75.3	13.4
Proceeds from sale of investment in Technip Energies	0	288.5
Other investing activities	14.9	5.7
Cash provided (required) by investing activities	(63.5)	213.3
Cash required by financing activities
Net decrease in short-term debt	(38.2)	(204.7)
Cash settlement for derivative hedging debt	(30.1)	(64.4)
Net increase in revolving credit facility	0	150
Repayments of long-term debt	0	(451.7)
Share repurchases	(150.1)	(50.1)
Dividends paid	(21.8)	0
Other financing activities	(36.5)	(5.9)
Cash required by financing activities	(276.7)	(626.8)
Effect of changes in foreign exchange rates on cash and cash equivalents	(17.9)	11.9
Change in cash and cash equivalents	(366.2)	(615.9)
Cash and cash equivalents, beginning of period	1,057.1	1,327.4
Cash and cash equivalents, end of period	$ 690.9	$ 711.5

CONDENSED CONSLOIDATED STATEMEN

CONDENSED CONSLOIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Ordinary Shares	Capital in Excess of Par Value of Ordinary Shares	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest
Beginning balance at Dec. 31, 2021	$ 3,418.4	$ 450.7	$ 9,160.8	$ (4,903.8)	$ (1,305)	$ 15.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(50.5)			(69.9)		19.4
Other comprehensive income (loss)	(171.6)				(164.4)	(7.2)
Issuance of ordinary shares, net of shares withheld for tax	(0.1)	1.5	(1.6)
Share-based compensation	28.9		28.9
Shares repurchased and cancelled	(50.1)	(5.8)	(44.3)
Other	(0.7)			(0.2)		(0.5)
Ending balance at Sep. 30, 2022	3,174.3	446.4	9,143.8	(4,973.9)	(1,469.4)	27.4
Beginning balance at Jun. 30, 2022	3,344.4	452.2	9,178.2	(4,964)	(1,347)	25
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4.6)			(10.3)		5.7
Other comprehensive income (loss)	(125.2)				(122.4)	(2.8)
Share-based compensation	9.9		9.9
Shares repurchased and cancelled	(50.1)	(5.8)	(44.3)
Other	(0.1)			0.4		(0.5)
Ending balance at Sep. 30, 2022	3,174.3	446.4	9,143.8	(4,973.9)	(1,469.4)	27.4
Beginning balance at Dec. 31, 2022	3,276.7	442.2	9,109.7	(5,010)	(1,301.7)	36.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5.2			3.2		2
Other comprehensive income (loss)	(16.2)				(20)	3.8
Issuance of ordinary shares, net of shares withheld for tax	(17.1)	2.9	(20)
Share-based compensation	30.7		30.7
Shares repurchased and cancelled	(150.1)	(9.6)	(140.5)
Dividends declared and paid	(21.8)			(21.8)
Other	2.6			3.1		(0.5)
Ending balance at Sep. 30, 2023	3,110	435.5	8,979.9	(5,025.5)	(1,321.7)	41.8
Beginning balance at Jun. 30, 2023	3,131.2	438.1	9,018.1	(5,096.4)	(1,260.2)	31.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	93.7			90		3.7
Other comprehensive income (loss)	(54.5)				(61.5)	7
Issuance of ordinary shares, net of shares withheld for tax	0.2	0.1	0.1
Share-based compensation	9.1		9.1
Shares repurchased and cancelled	(50.1)	(2.7)	(47.4)
Dividends declared and paid	(21.8)			(21.8)
Other	2.2			2.7		(0.5)
Ending balance at Sep. 30, 2023	$ 3,110	$ 435.5	$ 8,979.9	$ (5,025.5)	$ (1,321.7)	$ 41.8

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
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 the 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, 2022. 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 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 condensed consolidated financial statements may not be representative of the results that may be expected for the year ending December 31, 2023. Certain prior-year amounts have been reclassified to conform to the current year’s presentation.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards under GAAP In September 2022, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2022-04, "Disclosure of Supplier Finance Program Obligations," which is intended to enhance the transparency surrounding the use of supplier finance programs. Supplier finance programs may also be referred to as reverse factoring, payables finance, or structured payables arrangements. The amendments require a buyer that uses supplier finance programs to make annual disclosures about the program’s key terms, the balance sheet presentation of related amounts, the confirmed amount outstanding at the end of the period and associated roll forward information. We adopted the standard as of January 1, 2023. We facilitate a supply chain finance program (“SCF”) that is administered by a third-party financial institution which allows qualifying suppliers to sell their receivables from the Company to the SCF bank. These participating suppliers negotiate their outstanding receivable directly with the SCF bank. We are not a party to those agreements and the terms of our payment obligations are not impacted by a supplier’s participation in the SCF. We agree to pay the SCF bank based on the original invoice amounts and maturity dates as consistent with our other Accounts payables. All outstanding amounts related to suppliers participating in the SCF are recorded within Accounts payable, trade in our condensed consolidated balance sheets, and the associated payments are included in operating activities within our condensed consolidated statements of cash flows. As of September 30, 2023 and December 31, 2022, the amounts due to suppliers participating in the SCF and included in Accounts payable were approximately $135.9 million and $101.8 million, respectively. We consider the applicability and impact of all ASUs. We assessed ASUs not listed above and determined that they either were not applicable or were not expected to have a material impact on our financial statements.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUEThe majority of our revenue is from long-term contracts associated with designing and manufacturing products and systems and providing services to customers involved in the 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 total revenue by geography for each reportable segment for the three and nine months ended September 30, 2023 and 2022: Reportable Segments Three Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 653.1 $ 29.8 $ 411.7 $ 30.1 Europe and Central Asia 520.0 54.8 395.0 42.1 North America 269.2 137.5 205.1 146.2 Africa 187.6 15.2 216.5 7.6 Asia Pacific 77.1 23.5 162.7 26.4 Middle East 1.3 87.8 24.0 65.6 Total revenue $ 1,708.3 $ 348.6 $ 1,415.0 $ 318.0 Reportable segments Nine Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 1,652.4 $ 90.5 $ 1,069.0 $ 78.9 Europe and Central Asia 1,419.0 150.0 1,154.6 121.6 North America 771.3 433.8 582.3 406.9 Africa 614.2 35.9 653.3 25.7 Asia Pacific 208.8 58.9 586.3 70.6 Middle East 48.6 263.1 73.2 183.6 Total revenue $ 4,714.3 $ 1,032.2 $ 4,118.7 $ 887.3 The following tables present total revenue by contract type for each reportable segment for the three and nine months ended September 30, 2023 and 2022: Reportable Segments Three Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 1,126.0 $ 54.7 $ 845.0 $ 57.0 Products 542.6 250.5 556.0 222.6 Lease 39.7 43.4 14.0 38.4 Total revenue $ 1,708.3 $ 348.6 $ 1,415.0 $ 318.0 Reportable segments Nine Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 2,937.5 $ 160.7 $ 2,611.0 $ 162.6 Products 1,711.7 735.3 1,463.4 611.5 Lease 65.1 136.2 44.3 113.2 Total revenue $ 4,714.3 $ 1,032.2 $ 4,118.7 $ 887.3 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. Any expected contract losses are recorded in the period in which they become probable. 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 September 30, 2023 and December 31, 2022: (In millions) September 30, December 31, $ change % change Contract assets $ 1,204.6 $ 981.6 $ 223.0 22.7 Contract liabilities (1,237.9) (1,156.4) (81.5) (7.0) Net contract assets (liabilities) $ (33.3) $ (174.8) $ 141.5 80.9 The increase in our contract assets from December 31, 2022 to September 30, 2023 was due to the timing of project milestones. The increase in our contract liabilities was driven from an overall portfolio and client mix enabling an acceleration of cash payments in advance. 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 subsequ ent revenue we recognize increases the contract asset balance. Revenue recognized for the three months ended September 30, 2023 and 2022 that was included in the contract liabilities balance as of December 31, 2022 and 2021 was $90.3 million and $256.0 million, respectively, and $592.9 million and $471.7 million for the nine months ended September 30, 2023 and 2022, respectively. Net revenue recognized from our performance obligations satisfied in prior periods ha d unfavorable impact of $8.8 million and favorable impact of $97.2 million for the three months ended September 30, 2023 and 2022, respectively, from changes in the estimate of the stage of completion that impacted revenue. For the nine months ended September 30, 2023 and 2022, we had unfavorable impact of $12.5 million and favorable impact of $119.2 million, respectively, from changes in the estimate of the stage of completion that impacted revenue. Transaction Price Allocated to the Remaining Unsatisfied Performance Obligations Remaining unsatisfied performance obligations (“RUPO” or “order backlog”) represent the transaction price for products and services for which we have a material right, but work has not been performed. Transaction price of the order backlog includes the base transaction price, variable consideration and changes in transaction price. The transaction price of order backlog related to unfilled, confirmed customer orders is estimated at each reporting date . As of September 30, 2023, the aggregate amount of the transaction price allocated to order backlog was $13.2 billion. TechnipFMC expects to recognize revenue on approximately 11.2% of the order backlog through 2023 and 88.8% thereafter. The following table details the order backlog for each business segment as of September 30, 2023: (In millions) 2023 2024 Thereafter Subsea $ 1,146.0 $ 4,475.0 $ 6,452.6 Surface Technologies 340.4 261.1 555.6 Total order backlog $ 1,486.4 $ 4,736.1 $ 7,008.2

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 30, 2023
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 Chair and Chief Executive Officer, as our chief operating decision maker, reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. We operate under two reporting segments, Subsea and Surface Technologies: • Subsea - designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. • 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 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: non-recurring legal settlement charges, corporate staff expense, foreign exchange gains (losses), loss from investment in Technip Energies, net interest income (expense) associated with corporate debt facilities and income taxes. Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Segment revenue Subsea $ 1,708.3 $ 1,415.0 $ 4,714.3 $ 4,118.7 Surface Technologies 348.6 318.0 1,032.2 887.3 Total segment revenue $ 2,056.9 $ 1,733.0 $ 5,746.5 $ 5,006.0 Segment operating profit Subsea $ 177.7 $ 105.0 $ 397.9 $ 256.1 Surface Technologies 33.3 19.0 81.4 32.7 Total segment operating profit $ 211.0 $ 124.0 $ 479.3 $ 288.8 Corporate items Corporate expense (a) (24.7) (25.2) (205.6) (76.7) Net interest expense (26.7) (30.9) (75.7) (92.5) Loss on early extinguishment of debt — — — (29.8) Loss from investment in Technip Energies — — — (27.7) Foreign exchange gains (losses) (46.4) (14.5) (92.6) 13.1 Total corporate items (97.8) (70.6) (373.9) (213.6) Income (loss) before income taxes (b) $ 113.2 $ 53.4 $ 105.4 $ 75.2 (a) Corporate expense includes a non-recurring legal settlement charge for the nine months ended September 30, 2023, corporate staff expenses, share-based compensation expenses, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended September 30, September 30, (In millions, except per share data) 2023 2022 2023 2022 Income (loss) from continuing operations attributable to TechnipFMC plc $ 90.0 $ 5.0 $ 3.2 $ (35.2) Loss from discontinued operations attributable to TechnipFMC plc — (15.3) — (34.7) Net income (loss) attributable to TechnipFMC plc $ 90.0 $ (10.3) $ 3.2 $ (69.9) Weighted average number of shares outstanding 436.9 450.1 439.7 451.1 Dilutive effect of restricted stock units 5.3 5.4 5.6 — Dilutive effect of performance shares 8.1 2.6 7.6 — Total shares and dilutive securities 450.3 458.1 452.9 451.1 Basic and diluted earnings (loss) per share attributable to TechnipFMC plc: Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic $ 0.21 $ 0.01 $ 0.01 $ (0.08) Diluted $ 0.20 $ 0.01 $ 0.01 $ (0.08) Loss per share from discontinued operations attributable to TechnipFMC plc Basic and diluted $ 0.00 $ (0.03) $ 0.00 $ (0.08) Total earnings (loss) per share attributable to TechnipFMC plc Basic $ 0.21 $ (0.02) $ 0.01 $ (0.16) Diluted $ 0.20 $ (0.02) $ 0.01 $ (0.16) For the nine months ended September 30, 2022, we incurred a loss from continuing operations; therefore, the impact of 6.6 million shares was 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 Nine Months Ended September 30, September 30, (millions of shares) 2023 2022 2023 2022 Share option awards 0.8 1.6 1.4 1.6 Total 0.8 1.6 1.4 1.6

RECEIVABLES

RECEIVABLES	9 Months Ended
	Sep. 30, 2023
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 receivables and other are related to dividends receivable, 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. September 30, 2023 December 31, 2022 (In millions) Credit rating Year of origination Balance Credit rating Year of origination Balance Loans receivables and other Moody’s rating A3 - Ba2 2020-2023 $ 139.4 Moody’s rating Aa3 -Ba2 2020-2022 $ 51.0 Debt securities at amortized cost Moody’s rating B3 2021 1.4 Moody’s rating B3 2021 16.2 Total financial assets $ 140.8 $ 67.2 Credit Losses To calculate an expected credit loss for contract assets and trade receivables, 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 loans receivable and held-to-maturity debt securities at amortized cost, we evaluate whether these 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 September 30, 2023 and 2022, respectively. Balance as of September 30, 2023 (In millions) Trade receivables Contract assets Loans receivable and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2022 $ 34.2 $ 1.1 $ 0.3 $ 0.2 Current period provision (release) for expected credit losses 2.1 0.5 0.1 (0.2) Recoveries (0.6) — — — Allowance for credit losses at September 30, 2023 $ 35.7 $ 1.6 $ 0.4 $ — Balance as of September 30, 2022 (In millions) Trade receivables Contract assets Loans receivable and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2021 $ 38.1 $ 1.1 $ 0.6 $ 2.7 Current period provision (release) for expected credit losses — 0.1 (0.1) (1.5) Recoveries (2.2) — — — Allowance for credit losses at September 30, 2022 $ 35.9 $ 1.2 $ 0.5 $ 1.2 Trade receivables are 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	9 Months Ended
	Sep. 30, 2023
Inventory, Finished Goods and Work in Process, Gross [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 413.8 $ 317.4 Work in process 167.6 152.0 Finished goods 577.1 570.3 Inventories, net $ 1,158.5 $ 1,039.7

OTHER CURRENT ASSETS & OTHER CU

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2023
Other Current Assets and Other Current Liabilities [Abstract]
OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES Other current assets consisted of the following: (In millions) September 30, December 31, Value-added tax receivables $ 195.0 $ 185.6 Withholding tax and other receivables 139.0 137.8 Prepaid expenses 98.5 61.9 Current financial assets at amortized cost 91.8 12.4 Assets held for sale 2.6 18.6 Held-to-maturity investments 1.3 15.1 Other 49.0 23.6 Total other current assets $ 577.2 $ 455.0 Other current liabilities consisted of the following: (In millions) September 30, December 31, Compensation accrual $ 259.4 $ 246.4 Legal settlement liability (a) 164.0 — Value-added tax and other taxes payable 79.0 65.3 Social security liability 58.9 70.9 Legal provisions 57.0 116.7 Warranty accruals and project contingencies 56.6 87.6 Provisions 7.9 9.1 Current portion of accrued pension and other post-retirement benefits 4.5 2.5 Other accrued liabilities 131.3 138.0 Total other current liabilities $ 818.6 $ 736.5 Note 13

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS Our income from equity affiliates is included in our Subsea segment. During the three and nine months ended September 30, 2023, our income from equity affiliates was $20.6 million and $35.9 million, respectively. Our income from equity affiliates during the three and nine months ended September 30, 2022 was $13.8 million and $23.5 million, respectively. Our major equity method investments are as follows: Dofcon Brasil AS is an affiliated company in the form of a joint venture between TechnipFMC and DOF Subsea and was founded in 2006. Dofcon Brasil AS is a holding company, which owns and controls TechDof Brasil AS and Dofcon Navegacao Ltda, collectively referred to as “Dofcon.” Dofcon provides Pipe-Laying Support Vessels (PLSVs) for work in oil and gas fields offshore Brazil. Dofcon is considered a VIE because it does not have sufficient equity to finance its activities without additional subordinated financial support from other parties. We are not the primary beneficiary of the VIE. As such, we have accounted for our 50% investment using the equity method of accounting with results reported in our Subsea segment. In June 2023, Dofcon Brasil declar ed a $170.0 million divid end. TechnipFMC’s 50% share of this dividend is included in other current assets as of September 30, 2023. Dofcon and Techdof, two 50%-50% legal entities owned in partnership with DOF Group have debts related to loans on its vessels. During 2022, DOF ASA, the parent company of DOF Subsea, underwent a bankruptcy process that triggered cross default provisions in the credit facilities of certain joint ventures associated with the parent company guarantees provided by itself and its wholly owned subsidiary DOF Subsea. During March 2023, DOF ASA completed the process of restructuring (unrelated and outside of the joint venture), and DOF Services AS is the new holding company of DOF Group. The lenders made no claims under the guarantees, and the acceleration clauses within the debt instruments were not enforceable as Dofcon and Techdof obtained waivers or consents from the lenders. Dofcon and Techdof continue to service the credit facilities as per the terms of the agreements. As a result of the restructure within DOF Group, the cross default provisions ceased to exist and therefore waivers and consents are no longer required. Accordingly, TechnipFMC has not recognized a liability related to its guarantees. TechnipFMC and DOF provide guarantees for the debts and our share of the guarant ees was $397.3 million as of September 30, 2023. TechDof Brasil AS owns and operates the Skandi Buzios vessel. During June 2023, a fire occurred onboard the vessel alongside Porto do Açu in Brazil. The fire was brought under control after efforts by the crew and local authorities, and no serious injuries were sustained. TechDof Brasil AS and TechnipFMC have cooperated in the investigation of the fire and its cause, and in the process to get the vessel back in operations. Repairs on the vessel are expected to start during the fourth quarter of 2023. The time of the repairs is dependent on various factors and the vessel will not be on-hire before 2024. As a result of the incident, the Company did not note any impairment indicators, which were other than temporary, and thus no impairment has been recorded on the carrying value of our investment. Investment in Technip Energies During 2022, we fully divested our remaining ownership in Technip Energies. For the nine months ended September 30, 2022, we recognized a $27.7 million loss related to our investment in Technip Energies. The amounts recognized include purchase price discounts on the sales of shares and fair value revaluation gains (losses) of our investment.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
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 due from related parties consisted of the following: (In millions) September 30, December 31, 2022 Dofcon $ 8.8 $ 16.6 Others 1.1 1.3 Total accounts receivable $ 9.9 $ 17.9 As of September 30, 2023 and December 31, 2022, we did not have material accounts payable outstanding with our related parties. Revenue from related parties consisted of the following amounts: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Dofcon $ 0.5 $ 1.6 $ 6.4 $ 7.0 Others 1.2 3.6 5.2 6.6 Total revenue $ 1.7 $ 5.2 $ 11.6 $ 13.6 Expenses associated with related parties consisted of the following amounts: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Dofcon $ 6.8 $ 6.3 $ 20.1 $ 12.4 Others 1.7 7.9 15.3 26.0 Total expenses $ 8.5 $ 14.2 $ 35.4 $ 38.4

DEBT

DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT Overview Long-term debt consisted of the following: (In millions) September 30, December 31, 3.15% 2013 Private placement notes due 2023 270.1 272.2 5.75% 2020 Private placement notes due 2025 211.9 213.5 6.50% Senior notes due 2026 202.9 202.9 4.00% 2012 Private placement notes due 2027 79.5 80.1 4.00% 2012 Private placement notes due 2032 106.0 106.7 3.75% 2013 Private placement notes due 2033 106.0 106.7 Bank borrowings and other 372.8 394.9 Unamortized debt issuance costs and discounts (8.4) (10.4) Total debt 1,340.8 1,366.6 Less: current borrowings 407.3 367.3 Long-term debt $ 933.5 $ 999.3 Credit Facilities and Debt Revolving Credit Facility - On February 16, 2021, we entered into a credit agreement, which provided for a $1.0 billion three-year senior secured multi-currency Revolving Credit Facility, including a $450.0 million letter of credit sub-facility. We incurred $34.8 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 sheets. The deferred debt issuance costs are amortized to interest expense over the term of the Revolving Credit Facility. On April 24, 2023, we entered into a fifth amendment (the “Amendment No. 5”) to the Revolving Credit Facility (as amended, the “Credit Agreement”), dated February 16, 2021, which increases the commitments available to the Company to $1.25 billion and extends the term to five years from the date of the Amendment No. 5. The Credit Agreement also provides for a $250.0 million letter of credit sub-facility. Availability of borrowings under the Credit Agreement is reduced by the outstanding letters of credit issued against the facility. As of September 30, 2023, there were $54.2 million letters of credit outstanding, and our availability under the Credit Agreement was $1,195.8 million. Borrowings under the Credit Agreement 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 Secured Overnight Financing Rate (“Adjusted Term SOFR”); and • Euro-denominated loans bear interest on an adjusted rate linked to the Euro interbank offered rate. The applicable margin for borrowings under the Credit Agreement ranges from 2.50% to 3.50% for Term Benchmark (as defined in the Credit Agreement) loans and 1.50% to 2.50% for base rate loans, depending on a total leverage ratio. The Credit Agreement is subject to customary representations and warranties, covenants, events of default, mandatory repayment provisions and financial covenants. Letter of Credit Facility - On April 24, 2023, the Company entered into a new $500 million five-year senior secured performance letters of credit facility (the “Performance LC Credit Agreement”). The commitments under the Performance LC Credit Agreement may be increased to $1.0 billion, subject to the satisfaction of certain customary conditions precedent. The Performance LC Credit Agreement permits the Company and its subsidiaries to have access to performance letters of credit denominated in a variety of currencies to support the contracting activities with counterparties that require or request a performance or similar guarantee. It contains substantially the same customary representations and warranties, covenants, events of default, mandatory repayment provisions and financial covenants as the Credit Agreement and benefits from the same guarantees and security as the Credit Agreement on a pari passu basis. Upon the occurrence of an Investment Grade Debt Rating by any two of three Rating Agencies and the satisfaction of certain other conditions precedent, the collateral securing the Credit Agreement and the Performance LC Credit Agreement and the guarantees provided by certain subsidiaries of the Company shall be automatically released (“fall-away”) and certain negative covenants will no longer apply to the Company. 2021 Notes - On January 29, 2021, we issued $1.0 billion of 6.50% senior notes due 2026 (the “202 1 Notes”). 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. As of September 30, 2023, we were in compliance with all debt covenants. Bank borrowings - Include term loans issued in connection with financing for certain of our vessels and amounts outstanding under our foreign committed credit lines. Foreign committed credit - We have committed credit lines at many of our international subsidiaries for immaterial amounts. We utilize these facilities for asset financing and to provide a more efficient daily source of liquidity. The effective interest rates depend upon the local national market.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY On July 26, 2023, the Company announced that its Board of Directors authorized and declared a quarterly cash dividend of $0.05 per share. The cash dividend of $0.05 per share was paid on September 6, 2023, to shareholders of record as of the close of business on the New York Stock Exchange on August 22, 2023. The Company intends to pay dividends on a quarterly basis, and this dividend represents $0.20 per share on an annualized basis. Cash dividends paid during the three and nine months ended September 30, 2023 was $21.8 million. As an English public limited company, we are required under U.K. law to have available “distributable reserves” to conduct share repurchases or pay dividends to shareholders. Distributable reserves are a statutory requirement and are not linked to a GAAP reported amount (e.g., retained earnings). The declaration and payment of dividends require the authorization of our Board of Directors, provided that such dividends on issued share capital may be paid only out of our “distributable reserves” on our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium. On July 26, 2023, the Board of Directors authorized additional share repurchase of up to $400.0 million. Together with the existing program, the Company’s total share repurchase authorization was increased to $800.0 million of our outstanding ordinary shares under our share repurchase program. Pursuant to this share repurchase program, we repurchased $50.1 million of ordinary shares during the three months ended September 30, 2023. Since the initial share repurchase authorization in July 2022, we have purchased an aggregate amount of $250.3 million of ordinary shares through September 30, 2023. Based upon the remaining repurchase authority of $549.7 million and the closing stock price as of September 30, 2023, approximately 27.0 million ordinary shares could be subject to repurchase. All repurchased shares were immediately cancelled. Accumulated other comprehensive income (loss) for three and nine months ended September 30, 2023 and 2022 consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other June 30, 2023 $ (1,124.6) $ (33.4) $ (102.2) $ (1,260.2) $ (13.0) Other comprehensive income (loss) before reclassifications, net of tax (57.6) 5.7 0.5 (51.4) 7.0 Reclassification adjustment for net (gains) losses included in net income (loss), net of tax — (12.4) 2.3 (10.1) — Other comprehensive income (loss), net of tax (57.6) (6.7) 2.8 (61.5) 7.0 September 30, 2023 $ (1,182.2) $ (40.1) $ (99.4) $ (1,321.7) $ (6.0) June 30, 2022 $ (1,158.3) $ (64.1) $ (124.6) $ (1,347.0) $ (10.1) Other comprehensive loss before reclassifications, net of tax (97.2) (33.4) (1.5) (132.1) (2.8) Reclassification adjustment for net losses included in net income, net of tax — 6.7 3.0 9.7 — Other comprehensive income (loss), net of tax (97.2) (26.7) 1.5 (122.4) (2.8) September 30, 2022 $ (1,255.5) $ (90.8) $ (123.1) $ (1,469.4) $ (12.9) (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2022 $ (1,177.7) $ (17.1) $ (106.9) $ (1,301.7) $ (9.8) Other comprehensive income (loss) before reclassifications, net of tax (4.4) (19.2) 0.7 (22.9) 3.8 Reclassification adjustment for net (gains) losses included in net income (loss), net of tax (0.1) (3.8) 6.8 2.9 — Other comprehensive income (loss), net of tax (4.5) (23.0) 7.5 (20.0) 3.8 September 30, 2023 (1,182.2) (40.1) (99.4) (1,321.7) (6.0) December 31, 2021 $ (1,158.4) $ (17.3) $ (129.3) $ (1,305.0) $ (5.7) Other comprehensive loss before reclassifications, net of tax (97.1) (92.0) (3.0) (192.1) (7.2) Reclassification adjustment for net losses included in net income (loss), net of tax — 18.5 9.2 27.7 — Other comprehensive income (loss), net of tax (97.1) (73.5) 6.2 (164.4) (7.2) September 30, 2022 (1,255.5) (90.8) (123.1) (1,469.4) (12.9) Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Comprehensive Affected Line Item in the Condensed Consolidated Statements of Income Gains (losses) on hedging instruments Foreign exchange contracts $ (0.5) $ (1.4) $ (9.0) $ (1.9) Revenue 21.7 (5.6) 22.4 (12.6) Cost of sales (0.1) — (0.2) (0.3) Selling, general and administrative expense (2.1) (2.2) (6.5) (11.1) Other income (expense), net 19.0 (9.2) 6.7 (25.9) Income (loss) before income taxes 6.6 (2.5) 2.9 (7.4) Provision for income taxes $ 12.4 $ (6.7) $ 3.8 $ (18.5) Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) $ (0.1) $ (0.1) $ (0.2) $ (0.3) Other income (expense), net (a) Amortization of net actuarial loss (2.7) (5.8) (5.1) (14.9) Other income (expense), net (a) (2.8) (5.9) (5.3) (15.2) Income (loss) before income taxes (0.5) (2.9) 1.5 (6.0) Provision for income taxes $ (2.3) $ (3.0) $ (6.8) $ (9.2) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2023
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 would have a material adverse effect on our condensed consolidated financial position, results of operations or cash flows. Guarantees made by our consolidated subsidiaries consisted of the following: (In millions) September 30, December 31, Financial guarantees (a) $ 185.3 $ 170.2 Performance guarantees (b) 1,793.3 1,458.2 Maximum potential undiscounted payments $ 1,978.6 $ 1,628.4 (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 non-financial 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 also raised with the DOJ certain other projects performed by Technip S.A. subsidiaries in Brazil between 2002 and 2013. The DOJ 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 also contacted and cooperated with French authorities (the Parquet National Financier (“PNF”)) with their investigation about these 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 were not required to have a monitor and, instead, provided reports on our anti-corruption program to the Brazilian and U.S. authorities for two 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 1 count of conspiracy to violate the FCPA related to conduct in Brazil. We also provided the DOJ reports on our anti-corruption program during the term of the DPA. In Brazil, on June 25, 2019, 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 made, as part of those agreements, certain enhancements to the compliance programs in Brazil during the two-year self-reporting period, which aligned 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. On December 8, 2022, the Company received notice of the official release from all obligations and charges by CGU, having successfully completed all of the self-reporting requirements in the leniency agreements and the case was closed. On December 27, 2022, the DOJ filed a Motion to Dismiss the charges against TechnipFMC related to conspiracy to violate the FCPA, noting to the Court that the Company had fully met and completed all of its obligations under the DPA. The Dismissal Order was signed by the Court on January 4, 2023, thereby closing the case. All obligations to regulatory authorities related to the enforcement matters in the United States and Brazil have been completed and the Company has been unconditionally released by both jurisdictions. On June 22, 2023, the Company, through its subsidiary Technip UK Limited, along with Technip Energies SAS, a subsidiary of Technip Energies NV, reached a resolution with the PNF of all outstanding matters, including its investigations into historical projects in Equatorial Guinea, Ghana, and Angola. The resolution took the form of a convention judiciaire d'interet public, (“CJIP”), which does not involve any admission of liability or guilt. Under the terms of the CJIP, Technip UK and Technip Energies France will pay a public interest fine of €154.8 million and €54.1 million, respectively, for a total of €208.9 million. Under the companies’ separation agreements, TechnipFMC is responsible for €179.45 million to be paid in installments through July 2024, and Technip Energies is responsible for the remaining €29.45 million. During the three-months ended June 30, 2023, we recorded a $126.5 million liability incremental to our existing provision. After making a scheduled installment payment of €24.7 million on July 13, 2023, we have an outstanding balance, after foreign exchange impact, of $164.0 million in other current liabilities in our condensed consolidated balance sheet as of September 30, 2023. TechnipFMC fully cooperated with the PNF and was not required to retain a monitor. The CJIP received final approval by the President of the Tribunal Judiciaire of Paris at a hearing on June 28, 2023. Contingent liabilities associated with liquidated damages - Some of our contracts contain provisions that require us to pay liquidated damages if we are responsible for the failure to meet specified contractual milestone dates and the applicable customer asserts a conforming claim under these provisions. These contracts define the conditions under which our customers may make claims against us for liquidated damages. Based upon the evaluation of our performance and other commercial and legal analysis, management believes we have appropriately recognized probable liquidated damages at September 30, 2023 and December 31, 2022, and that the ultimate resolution of such matters will not materially affect our consolidated financial position, results of operations or cash flows.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our provision for income taxes for the three months ended September 30, 2023 and 2022 reflected effective tax rates of 17.2% and 80.0%, respectively. The year-over-year change in the effective tax rate was primarily related to losses in jurisdictions with a full valuation allowance and a change in geographical profit mix year over year. Our provision for income taxes for the nine months ended September 30, 2023 and 2022 reflected effective tax rates of 95.1% and 121.0%, respectively. The year-over-year change in the effective tax rate was primarily related to losses in jurisdictions with a full valuation allowance, a change in other discrete adjustments and in geographical profit mix year over year. Our effective tax rate can fluctuate depending on our country mix of earnings, since our foreign earnings are generally subject to higher tax rates than in the United Kingdom.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2023
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 speculative purposes. 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. Cash flows related to derivatives designated as cash flow and fair value hedges are classified consistently with the cash flows of the associated hedged item. 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 September 30, 2023, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 1,472.6 1,560.2 Norwegian krone 4,250.1 400.0 Australian dollar 349.0 226.2 Brazilian real 1,061.8 212.1 Indonesian rupiah 2,006,373.6 129.6 Singapore dollar 84.1 61.6 Canadian dollar 66.3 49.3 Czech koruna 372.1 16.2 Malaysian ringgit 64.7 13.8 Indian rupee 1,111.5 13.4 Swedish krona 114.1 10.5 British pound (48.0) (58.8) U.S. dollar (2,711.1) (2,711.1) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects or comply with government restrictions on the currency used to purchase goods in certain countries. As of September 30, 2023, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 28.4 5.7 Norwegian krone 3.3 0.3 Euro (16.9) (17.9) U.S. dollar 12.9 12.9 Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 16 The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets: September 30, 2023 December 31, 2022 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 123.1 $ 164.5 $ 254.8 $ 332.5 Long-term - Derivative financial instruments 12.6 25.6 7.2 3.6 Total derivatives designated as hedging instruments 135.7 190.1 262.0 336.1 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 16.8 23.7 27.9 14.1 Long-term - Derivative financial instruments 0.1 — — — Total derivatives not designated as hedging instruments 16.9 23.7 27.9 14.1 Total derivatives $ 152.6 $ 213.8 $ 289.9 $ 350.2 Cash flow hedges of forecasted transactions, net of tax, which qualify for hedge accounting, resulted in accumulated other comprehensive loss of $41.6 million and accumulated other comprehensive income of $18.5 million as of September 30, 2023 and December 31, 2022, respectively. We expect to transfer an approximate $2.3 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 2026. The following table presents the gains (losses) recognized in other comprehensive income related to derivative instruments designated as cash flow hedges: Gain (Loss) Recognized in OCI Three Months Ended Nine Months Ended September 30, (In millions) 2023 2022 2023 2022 Foreign exchange contracts $ 1.4 $ (43.9) $ (16.3) $ (107.6) The following table represents the effect of cash flow hedge accounting in the condensed consolidated statements of income for the three and nine months ended September 30, 2023 and 2022: (In millions) Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 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 Amounts reclassified from accumulated OCI to income (loss) $ (0.6) $ 21.7 $ (0.1) $ (1.6) $ (1.4) $ (5.6) $ — $ (2.2) Amounts excluded from effectiveness testing 6.5 (6.8) (0.4) (8.5) 5.2 (4.8) (0.1) (11.7) Total cash flow hedge gain (loss) recognized in income 5.9 14.9 (0.5) (10.1) 3.8 (10.4) (0.1) (13.9) Total hedge gain (loss) recognized in income $ 5.9 $ 14.9 $ (0.5) $ (10.1) $ 3.8 $ (10.4) $ (0.1) $ (13.9) Loss recognized in income on derivatives not designated as hedging instruments — (0.5) — (29.6) 0.1 0.6 — (22.0) Total $ 5.9 $ 14.4 $ (0.5) $ (39.7) $ 3.9 $ (9.8) $ (0.1) $ (35.9) (In millions) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 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 Amounts reclassified from accumulated OCI to income (loss) $ (9.0) $ 22.4 $ (0.2) $ (6.0) $ (1.9) $ (12.6) $ (0.3) $ (11.1) Amounts excluded from effectiveness testing 15.1 (27.4) (1.0) 69.8 8.2 (8.6) 0.4 (31.3) Total cash flow hedge gain (loss) recognized in income 6.1 (5.0) (1.2) 63.8 6.3 (21.2) 0.1 (42.4) Total hedge gain (loss) recognized in income 6.1 (5.0) (1.2) 63.8 6.3 (21.2) 0.1 (42.4) Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1) (0.8) — (33.1) — (0.8) — (8.0) Total $ 6.0 $ (5.8) $ (1.2) $ 30.7 $ 6.3 $ (22.0) $ 0.1 $ (50.4) Balance Sheet Offsetting - We execute derivative contracts with counterparties that consent to a master netting agreement, which permits net settlement of the gross derivative assets against gross derivative liabilities. Each instrument is accounted for individually and assets and liabilities are not offset. As of September 30, 2023 and December 31, 2022, we had no collateralized derivative contracts. The following tables present both gross information and net information of recognized derivative instruments: September 30, 2023 December 31, 2022 (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 $ 152.6 $ (98.5) $ 54.1 $ 289.9 $ (142.5) $ 147.4 Derivative liabilities $ 213.8 $ (98.5) $ 115.3 $ 350.2 $ (142.5) $ 207.7

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2023 December 31, 2022 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities 22.1 22.1 — — 19.8 19.8 — — Money market and stable value funds 2.0 — 1.6 — 1.9 — 1.5 — Held-to-maturity debt securities 1.3 — 1.3 — 16.0 — 16.0 — Derivative financial instruments Foreign exchange contracts 152.6 — 152.6 — 289.9 — 289.9 — Total assets $ 178.0 $ 22.1 $ 155.5 $ — $ 327.6 $ 19.8 $ 307.4 $ — Liabilities Derivative financial instruments Foreign exchange contracts 213.8 — 213.8 — 350.2 — 350.2 — Total liabilities $ 213.8 $ — $ 213.8 $ — $ 350.2 $ — $ 350.2 $ — 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. Money market and stable value funds - These funds 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. These funds include fixed income and other investments measured at fair value. 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. 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. 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 15 Other fair value disclosures The carrying amounts of cash and cash equivalents, trade receivables, accounts payable, short-term debt, 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 and senior notes was $912.8 million and $916.3 million as of September 30, 2023 and December 31, 2022, 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.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS On February 16, 2021, we completed our separation of the Technip Energies business segment. 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% 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. 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, 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, taxes, liabilities and obligations attributable to periods prior to, at and after the Spin-off. For both the three and nine months ended September 30, 2022, we recorded $15.8 million in expense from discontinued operations due to a change in estimate of liabilities recognized in connection with the Spin-off. Also for the three and nine months ended September 30, 2022, we recorded $(0.5) million and $18.9 million, respectively, in income tax (benefit) expense from discontinued operations related to a change in estimate in the French tax group.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENTSOn October 24, 2023, the Company announced that its Board of Directors authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 6, 2023 to shareholders on record as of the close of business on the New York Stock Exchange on November 21, 2023. The ex-dividend date is November 20, 2023.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	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 the 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, 2022. 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 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 condensed consolidated financial statements may not be representative of the results that may be expected for the year ending December 31, 2023. Certain prior-year amounts have been reclassified to conform to the current year’s presentation.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables present total revenue by geography for each reportable segment for the three and nine months ended September 30, 2023 and 2022: Reportable Segments Three Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 653.1 $ 29.8 $ 411.7 $ 30.1 Europe and Central Asia 520.0 54.8 395.0 42.1 North America 269.2 137.5 205.1 146.2 Africa 187.6 15.2 216.5 7.6 Asia Pacific 77.1 23.5 162.7 26.4 Middle East 1.3 87.8 24.0 65.6 Total revenue $ 1,708.3 $ 348.6 $ 1,415.0 $ 318.0 Reportable segments Nine Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 1,652.4 $ 90.5 $ 1,069.0 $ 78.9 Europe and Central Asia 1,419.0 150.0 1,154.6 121.6 North America 771.3 433.8 582.3 406.9 Africa 614.2 35.9 653.3 25.7 Asia Pacific 208.8 58.9 586.3 70.6 Middle East 48.6 263.1 73.2 183.6 Total revenue $ 4,714.3 $ 1,032.2 $ 4,118.7 $ 887.3 The following tables present total revenue by contract type for each reportable segment for the three and nine months ended September 30, 2023 and 2022: Reportable Segments Three Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 1,126.0 $ 54.7 $ 845.0 $ 57.0 Products 542.6 250.5 556.0 222.6 Lease 39.7 43.4 14.0 38.4 Total revenue $ 1,708.3 $ 348.6 $ 1,415.0 $ 318.0 Reportable segments Nine Months Ended September 30, 2023 September 30, 2022 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 2,937.5 $ 160.7 $ 2,611.0 $ 162.6 Products 1,711.7 735.3 1,463.4 611.5 Lease 65.1 136.2 44.3 113.2 Total revenue $ 4,714.3 $ 1,032.2 $ 4,118.7 $ 887.3
Schedule of Contract Balances	The following table provides information about net contract assets (liabilities) as of September 30, 2023 and December 31, 2022: (In millions) September 30, December 31, $ change % change Contract assets $ 1,204.6 $ 981.6 $ 223.0 22.7 Contract liabilities (1,237.9) (1,156.4) (81.5) (7.0) Net contract assets (liabilities) $ (33.3) $ (174.8) $ 141.5 80.9
Schedule of Remaining Revenue Performance Obligations	The following table details the order backlog for each business segment as of September 30, 2023: (In millions) 2023 2024 Thereafter Subsea $ 1,146.0 $ 4,475.0 $ 6,452.6 Surface Technologies 340.4 261.1 555.6 Total order backlog $ 1,486.4 $ 4,736.1 $ 7,008.2

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting, Measurement Disclosures [Abstract]
Schedule of Segment Revenue and Segment Operating Profit	Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Segment revenue Subsea $ 1,708.3 $ 1,415.0 $ 4,714.3 $ 4,118.7 Surface Technologies 348.6 318.0 1,032.2 887.3 Total segment revenue $ 2,056.9 $ 1,733.0 $ 5,746.5 $ 5,006.0 Segment operating profit Subsea $ 177.7 $ 105.0 $ 397.9 $ 256.1 Surface Technologies 33.3 19.0 81.4 32.7 Total segment operating profit $ 211.0 $ 124.0 $ 479.3 $ 288.8 Corporate items Corporate expense (a) (24.7) (25.2) (205.6) (76.7) Net interest expense (26.7) (30.9) (75.7) (92.5) Loss on early extinguishment of debt — — — (29.8) Loss from investment in Technip Energies — — — (27.7) Foreign exchange gains (losses) (46.4) (14.5) (92.6) 13.1 Total corporate items (97.8) (70.6) (373.9) (213.6) Income (loss) before income taxes (b) $ 113.2 $ 53.4 $ 105.4 $ 75.2 (a) Corporate expense includes a non-recurring legal settlement charge for the nine months ended September 30, 2023, corporate staff expenses, share-based compensation expenses, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of 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 Nine Months Ended September 30, September 30, (In millions, except per share data) 2023 2022 2023 2022 Income (loss) from continuing operations attributable to TechnipFMC plc $ 90.0 $ 5.0 $ 3.2 $ (35.2) Loss from discontinued operations attributable to TechnipFMC plc — (15.3) — (34.7) Net income (loss) attributable to TechnipFMC plc $ 90.0 $ (10.3) $ 3.2 $ (69.9) Weighted average number of shares outstanding 436.9 450.1 439.7 451.1 Dilutive effect of restricted stock units 5.3 5.4 5.6 — Dilutive effect of performance shares 8.1 2.6 7.6 — Total shares and dilutive securities 450.3 458.1 452.9 451.1 Basic and diluted earnings (loss) per share attributable to TechnipFMC plc: Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic $ 0.21 $ 0.01 $ 0.01 $ (0.08) Diluted $ 0.20 $ 0.01 $ 0.01 $ (0.08) Loss per share from discontinued operations attributable to TechnipFMC plc Basic and diluted $ 0.00 $ (0.03) $ 0.00 $ (0.08) Total earnings (loss) per share attributable to TechnipFMC plc Basic $ 0.21 $ (0.02) $ 0.01 $ (0.16) Diluted $ 0.20 $ (0.02) $ 0.01 $ (0.16)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Weighted average shares of the following share-based compensation awards were excluded from the calculation of diluted weighted average number of shares, where the assumed proceeds exceed the average market price from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive: Three Months Ended Nine Months Ended September 30, September 30, (millions of shares) 2023 2022 2023 2022 Share option awards 0.8 1.6 1.4 1.6 Total 0.8 1.6 1.4 1.6

RECEIVABLES (Tables)

RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Financing Receivable Credit Quality Indicators	The table below summarizes the amortized cost basis of financial assets by years of origination and credit quality. September 30, 2023 December 31, 2022 (In millions) Credit rating Year of origination Balance Credit rating Year of origination Balance Loans receivables and other Moody’s rating A3 - Ba2 2020-2023 $ 139.4 Moody’s rating Aa3 -Ba2 2020-2022 $ 51.0 Debt securities at amortized cost Moody’s rating B3 2021 1.4 Moody’s rating B3 2021 16.2 Total financial assets $ 140.8 $ 67.2
Schedule of Financing Receivable, Allowance for Credit Loss	The table below shows the roll forward of allowance for credit losses as of September 30, 2023 and 2022, respectively. Balance as of September 30, 2023 (In millions) Trade receivables Contract assets Loans receivable and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2022 $ 34.2 $ 1.1 $ 0.3 $ 0.2 Current period provision (release) for expected credit losses 2.1 0.5 0.1 (0.2) Recoveries (0.6) — — — Allowance for credit losses at September 30, 2023 $ 35.7 $ 1.6 $ 0.4 $ — Balance as of September 30, 2022 (In millions) Trade receivables Contract assets Loans receivable and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2021 $ 38.1 $ 1.1 $ 0.6 $ 2.7 Current period provision (release) for expected credit losses — 0.1 (0.1) (1.5) Recoveries (2.2) — — — Allowance for credit losses at September 30, 2022 $ 35.9 $ 1.2 $ 0.5 $ 1.2

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Schedule of Components of Inventories	Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 413.8 $ 317.4 Work in process 167.6 152.0 Finished goods 577.1 570.3 Inventories, net $ 1,158.5 $ 1,039.7

OTHER CURRENT ASSETS & OTHER _2

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Other Current Assets and Other Current Liabilities [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: (In millions) September 30, December 31, Value-added tax receivables $ 195.0 $ 185.6 Withholding tax and other receivables 139.0 137.8 Prepaid expenses 98.5 61.9 Current financial assets at amortized cost 91.8 12.4 Assets held for sale 2.6 18.6 Held-to-maturity investments 1.3 15.1 Other 49.0 23.6 Total other current assets $ 577.2 $ 455.0
Schedule of Other Current Liabilities	Other current liabilities consisted of the following: (In millions) September 30, December 31, Compensation accrual $ 259.4 $ 246.4 Legal settlement liability (a) 164.0 — Value-added tax and other taxes payable 79.0 65.3 Social security liability 58.9 70.9 Legal provisions 57.0 116.7 Warranty accruals and project contingencies 56.6 87.6 Provisions 7.9 9.1 Current portion of accrued pension and other post-retirement benefits 4.5 2.5 Other accrued liabilities 131.3 138.0 Total other current liabilities $ 818.6 $ 736.5 Note 13

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions Receivables	Accounts receivable due from related parties consisted of the following: (In millions) September 30, December 31, 2022 Dofcon $ 8.8 $ 16.6 Others 1.1 1.3 Total accounts receivable $ 9.9 $ 17.9
Schedule of Related Party Transactions Revenue and Expenses	Revenue from related parties consisted of the following amounts: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Dofcon $ 0.5 $ 1.6 $ 6.4 $ 7.0 Others 1.2 3.6 5.2 6.6 Total revenue $ 1.7 $ 5.2 $ 11.6 $ 13.6 Expenses associated with related parties consisted of the following amounts: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Dofcon $ 6.8 $ 6.3 $ 20.1 $ 12.4 Others 1.7 7.9 15.3 26.0 Total expenses $ 8.5 $ 14.2 $ 35.4 $ 38.4

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: (In millions) September 30, December 31, 3.15% 2013 Private placement notes due 2023 270.1 272.2 5.75% 2020 Private placement notes due 2025 211.9 213.5 6.50% Senior notes due 2026 202.9 202.9 4.00% 2012 Private placement notes due 2027 79.5 80.1 4.00% 2012 Private placement notes due 2032 106.0 106.7 3.75% 2013 Private placement notes due 2033 106.0 106.7 Bank borrowings and other 372.8 394.9 Unamortized debt issuance costs and discounts (8.4) (10.4) Total debt 1,340.8 1,366.6 Less: current borrowings 407.3 367.3 Long-term debt $ 933.5 $ 999.3

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive income (loss) for three and nine months ended September 30, 2023 and 2022 consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other June 30, 2023 $ (1,124.6) $ (33.4) $ (102.2) $ (1,260.2) $ (13.0) Other comprehensive income (loss) before reclassifications, net of tax (57.6) 5.7 0.5 (51.4) 7.0 Reclassification adjustment for net (gains) losses included in net income (loss), net of tax — (12.4) 2.3 (10.1) — Other comprehensive income (loss), net of tax (57.6) (6.7) 2.8 (61.5) 7.0 September 30, 2023 $ (1,182.2) $ (40.1) $ (99.4) $ (1,321.7) $ (6.0) June 30, 2022 $ (1,158.3) $ (64.1) $ (124.6) $ (1,347.0) $ (10.1) Other comprehensive loss before reclassifications, net of tax (97.2) (33.4) (1.5) (132.1) (2.8) Reclassification adjustment for net losses included in net income, net of tax — 6.7 3.0 9.7 — Other comprehensive income (loss), net of tax (97.2) (26.7) 1.5 (122.4) (2.8) September 30, 2022 $ (1,255.5) $ (90.8) $ (123.1) $ (1,469.4) $ (12.9) (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2022 $ (1,177.7) $ (17.1) $ (106.9) $ (1,301.7) $ (9.8) Other comprehensive income (loss) before reclassifications, net of tax (4.4) (19.2) 0.7 (22.9) 3.8 Reclassification adjustment for net (gains) losses included in net income (loss), net of tax (0.1) (3.8) 6.8 2.9 — Other comprehensive income (loss), net of tax (4.5) (23.0) 7.5 (20.0) 3.8 September 30, 2023 (1,182.2) (40.1) (99.4) (1,321.7) (6.0) December 31, 2021 $ (1,158.4) $ (17.3) $ (129.3) $ (1,305.0) $ (5.7) Other comprehensive loss before reclassifications, net of tax (97.1) (92.0) (3.0) (192.1) (7.2) Reclassification adjustment for net losses included in net income (loss), net of tax — 18.5 9.2 27.7 — Other comprehensive income (loss), net of tax (97.1) (73.5) 6.2 (164.4) (7.2) September 30, 2022 (1,255.5) (90.8) (123.1) (1,469.4) (12.9)
Schedule of Reclassifications Out of Accumulated other Comprehensive Loss	Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2023 2022 2023 2022 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Comprehensive Affected Line Item in the Condensed Consolidated Statements of Income Gains (losses) on hedging instruments Foreign exchange contracts $ (0.5) $ (1.4) $ (9.0) $ (1.9) Revenue 21.7 (5.6) 22.4 (12.6) Cost of sales (0.1) — (0.2) (0.3) Selling, general and administrative expense (2.1) (2.2) (6.5) (11.1) Other income (expense), net 19.0 (9.2) 6.7 (25.9) Income (loss) before income taxes 6.6 (2.5) 2.9 (7.4) Provision for income taxes $ 12.4 $ (6.7) $ 3.8 $ (18.5) Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) $ (0.1) $ (0.1) $ (0.2) $ (0.3) Other income (expense), net (a) Amortization of net actuarial loss (2.7) (5.8) (5.1) (14.9) Other income (expense), net (a) (2.8) (5.9) (5.3) (15.2) Income (loss) before income taxes (0.5) (2.9) 1.5 (6.0) Provision for income taxes $ (2.3) $ (3.0) $ (6.8) $ (9.2) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Guarantor Obligations	Guarantees made by our consolidated subsidiaries consisted of the following: (In millions) September 30, December 31, Financial guarantees (a) $ 185.3 $ 170.2 Performance guarantees (b) 1,793.3 1,458.2 Maximum potential undiscounted payments $ 1,978.6 $ 1,628.4 (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 non-financial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of September 30, 2023, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 1,472.6 1,560.2 Norwegian krone 4,250.1 400.0 Australian dollar 349.0 226.2 Brazilian real 1,061.8 212.1 Indonesian rupiah 2,006,373.6 129.6 Singapore dollar 84.1 61.6 Canadian dollar 66.3 49.3 Czech koruna 372.1 16.2 Malaysian ringgit 64.7 13.8 Indian rupee 1,111.5 13.4 Swedish krona 114.1 10.5 British pound (48.0) (58.8) U.S. dollar (2,711.1) (2,711.1) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects or comply with government restrictions on the currency used to purchase goods in certain countries. As of September 30, 2023, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 28.4 5.7 Norwegian krone 3.3 0.3 Euro (16.9) (17.9) U.S. dollar 12.9 12.9
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: September 30, 2023 December 31, 2022 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 123.1 $ 164.5 $ 254.8 $ 332.5 Long-term - Derivative financial instruments 12.6 25.6 7.2 3.6 Total derivatives designated as hedging instruments 135.7 190.1 262.0 336.1 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 16.8 23.7 27.9 14.1 Long-term - Derivative financial instruments 0.1 — — — Total derivatives not designated as hedging instruments 16.9 23.7 27.9 14.1 Total derivatives $ 152.6 $ 213.8 $ 289.9 $ 350.2
Schedule of Location of Gains (Losses) Related to Derivative Instruments Designated as Cash Flow Hedges	The following table presents the gains (losses) recognized in other comprehensive income related to derivative instruments designated as cash flow hedges: Gain (Loss) Recognized in OCI Three Months Ended Nine Months Ended September 30, (In millions) 2023 2022 2023 2022 Foreign exchange contracts $ 1.4 $ (43.9) $ (16.3) $ (107.6)
Schedule of Gain (Loss) Recognized in Income Related to Hedges and Derivatives	The following table represents the effect of cash flow hedge accounting in the condensed consolidated statements of income for the three and nine months ended September 30, 2023 and 2022: (In millions) Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 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 Amounts reclassified from accumulated OCI to income (loss) $ (0.6) $ 21.7 $ (0.1) $ (1.6) $ (1.4) $ (5.6) $ — $ (2.2) Amounts excluded from effectiveness testing 6.5 (6.8) (0.4) (8.5) 5.2 (4.8) (0.1) (11.7) Total cash flow hedge gain (loss) recognized in income 5.9 14.9 (0.5) (10.1) 3.8 (10.4) (0.1) (13.9) Total hedge gain (loss) recognized in income $ 5.9 $ 14.9 $ (0.5) $ (10.1) $ 3.8 $ (10.4) $ (0.1) $ (13.9) Loss recognized in income on derivatives not designated as hedging instruments — (0.5) — (29.6) 0.1 0.6 — (22.0) Total $ 5.9 $ 14.4 $ (0.5) $ (39.7) $ 3.9 $ (9.8) $ (0.1) $ (35.9) (In millions) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 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 Amounts reclassified from accumulated OCI to income (loss) $ (9.0) $ 22.4 $ (0.2) $ (6.0) $ (1.9) $ (12.6) $ (0.3) $ (11.1) Amounts excluded from effectiveness testing 15.1 (27.4) (1.0) 69.8 8.2 (8.6) 0.4 (31.3) Total cash flow hedge gain (loss) recognized in income 6.1 (5.0) (1.2) 63.8 6.3 (21.2) 0.1 (42.4) Total hedge gain (loss) recognized in income 6.1 (5.0) (1.2) 63.8 6.3 (21.2) 0.1 (42.4) Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1) (0.8) — (33.1) — (0.8) — (8.0) Total $ 6.0 $ (5.8) $ (1.2) $ 30.7 $ 6.3 $ (22.0) $ 0.1 $ (50.4)
Schedule of Derivative Assets, Gross and Net	The following tables present both gross information and net information of recognized derivative instruments: September 30, 2023 December 31, 2022 (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 $ 152.6 $ (98.5) $ 54.1 $ 289.9 $ (142.5) $ 147.4 Derivative liabilities $ 213.8 $ (98.5) $ 115.3 $ 350.2 $ (142.5) $ 207.7
Schedule of Derivative Liabilities, Gross and Net	The following tables present both gross information and net information of recognized derivative instruments: September 30, 2023 December 31, 2022 (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 $ 152.6 $ (98.5) $ 54.1 $ 289.9 $ (142.5) $ 147.4 Derivative liabilities $ 213.8 $ (98.5) $ 115.3 $ 350.2 $ (142.5) $ 207.7

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2023 December 31, 2022 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities 22.1 22.1 — — 19.8 19.8 — — Money market and stable value funds 2.0 — 1.6 — 1.9 — 1.5 — Held-to-maturity debt securities 1.3 — 1.3 — 16.0 — 16.0 — Derivative financial instruments Foreign exchange contracts 152.6 — 152.6 — 289.9 — 289.9 — Total assets $ 178.0 $ 22.1 $ 155.5 $ — $ 327.6 $ 19.8 $ 307.4 $ — Liabilities Derivative financial instruments Foreign exchange contracts 213.8 — 213.8 — 350.2 — 350.2 — Total liabilities $ 213.8 $ — $ 213.8 $ — $ 350.2 $ — $ 350.2 $ —

NEW ACCOUNTING STANDARDS - (Det

NEW ACCOUNTING STANDARDS - (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Structured Finance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amounts due suppliers of Supply Chain Finance program	$ 135.9	$ 101.8

REVENUE - Schedule of Disaggreg

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Lease revenue	$ 83.1	$ 52.4	$ 201.3	$ 157.5
Total revenue	2,056.9	1,733	5,746.5	5,006
Services
Disaggregation of Revenue [Line Items]
Revenue	1,180.7	902	3,098.2	2,773.6
Products
Disaggregation of Revenue [Line Items]
Revenue	793.1	778.6	2,447	2,074.9
Subsea
Disaggregation of Revenue [Line Items]
Revenue	1,708.3	1,415	4,714.3	4,118.7
Subsea | Operating Segments
Disaggregation of Revenue [Line Items]
Lease revenue	39.7	14	65.1	44.3
Total revenue	1,708.3	1,415	4,714.3	4,118.7
Subsea | Services | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	1,126	845	2,937.5	2,611
Subsea | Products | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	542.6	556	1,711.7	1,463.4
Subsea | Latin America
Disaggregation of Revenue [Line Items]
Revenue	653.1	411.7	1,652.4	1,069
Subsea | Europe and Central Asia
Disaggregation of Revenue [Line Items]
Revenue	520	395	1,419	1,154.6
Subsea | North America
Disaggregation of Revenue [Line Items]
Revenue	269.2	205.1	771.3	582.3
Subsea | Africa
Disaggregation of Revenue [Line Items]
Revenue	187.6	216.5	614.2	653.3
Subsea | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	77.1	162.7	208.8	586.3
Subsea | Middle East
Disaggregation of Revenue [Line Items]
Revenue	1.3	24	48.6	73.2
Surface Technologies
Disaggregation of Revenue [Line Items]
Revenue	348.6	318	1,032.2	887.3
Surface Technologies | Operating Segments
Disaggregation of Revenue [Line Items]
Lease revenue	43.4	38.4	136.2	113.2
Total revenue	348.6	318	1,032.2	887.3
Surface Technologies | Services | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	54.7	57	160.7	162.6
Surface Technologies | Products | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue	250.5	222.6	735.3	611.5
Surface Technologies | Latin America
Disaggregation of Revenue [Line Items]
Revenue	29.8	30.1	90.5	78.9
Surface Technologies | Europe and Central Asia
Disaggregation of Revenue [Line Items]
Revenue	54.8	42.1	150	121.6
Surface Technologies | North America
Disaggregation of Revenue [Line Items]
Revenue	137.5	146.2	433.8	406.9
Surface Technologies | Africa
Disaggregation of Revenue [Line Items]
Revenue	15.2	7.6	35.9	25.7
Surface Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	23.5	26.4	58.9	70.6
Surface Technologies | Middle East
Disaggregation of Revenue [Line Items]
Revenue	$ 87.8	$ 65.6	$ 263.1	$ 183.6

REVENUE - Schedule of Contract

REVENUE - Schedule of Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,204.6		$ 1,204.6		$ 981.6
Contract liabilities	(1,237.9)		(1,237.9)		(1,156.4)
Net contract assets (liabilities)	(33.3)		(33.3)		$ (174.8)
Contract assets, increase (decrease)			$ 223
Contract with customer, asset, net, current, increase (decrease), (in percent)			22.70%
Contract (liabilities), (increase) decrease			$ (81.5)
Contract with customer liability, current, increase (decrease), (in percent)			(7.00%)
Net contract assets (liabilities), increase (decrease)			$ 141.5
Contract assets (liabilities), current, net, increase (decrease), (in percent)			80.90%
Contract with customer, liability, revenue recognized	90.3	$ 256	$ 592.9	$ 471.7
Contract with customer, impact of performance obligation satisfied in previous period	$ (8.8)	$ 97.2	$ (12.5)	$ 119.2

REVENUE - Schedule of Remaining

REVENUE - Schedule of Remaining Revenue Performance Obligations (Details) $ in Millions	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, total amount	$ 13,200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	11.20%
Revenue, remaining performance obligation, amount	$ 1,486.4
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,146
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 340.4
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	88.80%
Revenue, remaining performance obligation, amount	$ 4,736.1
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 4,475
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 261.1
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 7,008.2
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 6,452.6
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 555.6
Revenue, remaining performance obligation, expected timing of satisfaction, period

BUSINESS SEGMENTS - Schedule of

BUSINESS SEGMENTS - Schedule of Segment Revenue and Segment Operating Profit (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information
Total segment revenue	$ 2,056.9	$ 1,733	$ 5,746.5	$ 5,006
Total segment operating profit	211	124	479.3	288.8
Loss on early extinguishment of debt	0	0	0	(29.8)
Loss from investment in Technip Energies	0	0	0	(27.7)
Total corporate items	(97.8)	(70.6)	(373.9)	(213.6)
Income before income taxes	113.2	53.4	105.4	75.2
Operating Segments | Subsea
Segment Reporting Information
Total segment revenue	1,708.3	1,415	4,714.3	4,118.7
Total segment operating profit	177.7	105	397.9	256.1
Operating Segments | Surface Technologies
Segment Reporting Information
Total segment revenue	348.6	318	1,032.2	887.3
Total segment operating profit	33.3	19	81.4	32.7
Corporate
Segment Reporting Information
Corporate expense	(24.7)	(25.2)	(205.6)	(76.7)
Net interest expense	(26.7)	(30.9)	(75.7)	(92.5)
Loss on early extinguishment of debt	0	0	0	(29.8)
Loss from investment in Technip Energies	0	0	0	(27.7)
Foreign exchange gains (losses)	$ (46.4)	$ (14.5)	$ (92.6)	$ 13.1

EARNINGS (LOSS) PER SHARE - Rec

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share
Income (loss) from continuing operations attributable to TechnipFMC plc	$ 90	$ 5	$ 3.2	$ (35.2)
Loss from discontinued operations attributable to TechnipFMC plc	0	(15.3)	0	(34.7)
Net income (loss) attributable to TechnipFMC plc	$ 90	$ (10.3)	$ 3.2	$ (69.9)
Weighted average number of shares outstanding (in shares)	436.9	450.1	439.7	451.1
Total shares and dilutive securities (in shares)	450.3	458.1	452.9	451.1
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic (usd per share)	$ 0.21	$ 0.01	$ 0.01	$ (0.08)
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Diluted (usd per share)	0.20	0.01	0.01	(0.08)
Loss per share from discontinued operations attributable to TechnipFMC plc basic (usd per share)	0	(0.03)	0	(0.08)
Loss per share from discontinued operations attributable to TechnipFMC plc diluted (usd per share)	0	(0.03)	0	(0.08)
Total earnings (loss) per share attributable to TechnipFMC plc Basic (usd per share)	0.21	(0.02)	0.01	(0.16)
Total earnings (loss) per share attributable to TechnipFMC plc Diluted (usd per share)	$ 0.20	$ (0.02)	$ 0.01	$ (0.16)
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0.8	1.6	1.4	1.6
Share option awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0.8	1.6	1.4	1.6
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of restricted stock units (in shares)	5.3	5.4	5.6	0
Antidilutive securities excluded from computation of earnings per share, amount (in shares)				6.6
Performance shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of restricted stock units (in shares)	8.1	2.6	7.6	0

RECEIVABLES - Schedule of Finan

RECEIVABLES - Schedule of Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023	$ 140.8
Financial assets originated 2020 - 2022		$ 67.2
Moody’s rating A3 - Ba2
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023	139.4
Moody’s rating Aa3 -Ba2
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2022		51
Moody’s rating B3
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023	$ 1.4
Financial assets originated 2020 - 2022		$ 16.2

RECEIVABLES - Schedule of Fin_2

RECEIVABLES - Schedule of Financing Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Trade receivables
Beginning balance	$ 34.2	$ 38.1
Current period provision (release) for expected credit losses	2.1	0
Recoveries	(0.6)	(2.2)
Ending balance	35.7	35.9
Contract assets
Beginning balance	1.1	1.1
Current period provision (release) for expected credit losses	0.5	0.1
Recoveries	0	0
Ending balance	1.6	1.2
Loans receivable and other
Beginning balance	0.3	0.6
Current period provision (release) for expected credit losses	0.1	(0.1)
Recoveries	0	0
Ending balance	0.4	0.5
Held-to-maturity debt securities
Beginning balance	0.2	2.7
Current period provision (release) for expected credit losses	(0.2)	(1.5)
Recoveries	0	0
Ending balance	$ 0	$ 1.2

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 413.8	$ 317.4
Work in process	167.6	152
Finished goods	577.1	570.3
Inventories, net	$ 1,158.5	$ 1,039.7

OTHER CURRENT ASSETS & OTHER _3

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Schedule of Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Other Current Assets and Other Current Liabilities [Abstract]
Value-added tax receivables	$ 195	$ 185.6
Withholding tax and other receivables	139	137.8
Prepaid expenses	98.5	61.9
Current financial assets at amortized cost	91.8	12.4
Assets held for sale	2.6	18.6
Held-to-maturity investments	1.3	15.1
Other	49	23.6
Total other current assets	$ 577.2	$ 455

OTHER CURRENT ASSETS & OTHER _4

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Other Current Assets and Other Current Liabilities [Abstract]
Legal settlement liability	$ 164	$ 0
Warranty accruals and project contingencies	56.6	87.6
Value-added tax and other taxes payable	79	65.3
Social security liability	58.9	70.9
Legal provisions	57	116.7
Compensation accrual	259.4	246.4
Provisions	7.9	9.1
Current portion of accrued pension and other post-retirement benefits	4.5	2.5
Other accrued liabilities	131.3	138
Total other current liabilities	$ 818.6	$ 736.5

INVESTMENTS (Details)

INVESTMENTS (Details) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($) legal_entity	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) legal_entity	Sep. 30, 2022 USD ($)
Schedule of Equity Method Investments
Income (loss) from equity affiliates		$ 20.6	$ 13.8	$ 35.9	$ 23.5
Number of legal entities owned in partnership with DOF Group | legal_entity		2		2
Loss from investment in Technip Energies		$ 0	$ 0	$ 0	$ (27.7)
Dofcon Brasil AS
Schedule of Equity Method Investments
Equity method investment, ownership percentage		50%		50%
Dividends declared		$ 170		$ 170
Guarantor obligations, current carrying value		$ 397.3		$ 397.3
Techdof Brasil AS
Schedule of Equity Method Investments
Equity method investment, ownership percentage		50%		50%
Impairment on investment	$ 0

RELATED PARTY TRANSACTIONS - Tr

RELATED PARTY TRANSACTIONS - Trade Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Total accounts receivable	$ 1,324.4	$ 966.5
Related Party
Related Party Transaction [Line Items]
Total accounts receivable	9.9	17.9
Dofcon | Related Party
Related Party Transaction [Line Items]
Total accounts receivable	8.8	16.6
Others | Related Party
Related Party Transaction [Line Items]
Total accounts receivable	$ 1.1	$ 1.3

RELATED PARTY TRANSACTIONS - Re

RELATED PARTY TRANSACTIONS - Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Total revenue	$ 2,056.9	$ 1,733	$ 5,746.5	$ 5,006
Related Party
Related Party Transaction [Line Items]
Total revenue	1.7	5.2	11.6	13.6
Dofcon | Related Party
Related Party Transaction [Line Items]
Total revenue	0.5	1.6	6.4	7
Others | Related Party
Related Party Transaction [Line Items]
Total revenue	$ 1.2	$ 3.6	$ 5.2	$ 6.6

RELATED PARTY TRANSACTIONS - Ex

RELATED PARTY TRANSACTIONS - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Total expenses	$ 1,896.1	$ 1,652.2	$ 5,376.2	$ 4,837.8
Related Party
Related Party Transaction [Line Items]
Total expenses	8.5	14.2	35.4	38.4
Dofcon | Related Party
Related Party Transaction [Line Items]
Total expenses	6.8	6.3	20.1	12.4
Others | Related Party
Related Party Transaction [Line Items]
Total expenses	$ 1.7	$ 7.9	$ 15.3	$ 26

DEBT - Schedule of Long-Term De

DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument
Unamortized debt issuance costs and discounts	$ (8.4)	$ (10.4)
Total debt	1,340.8	1,366.6
Less: current borrowings	407.3	367.3
Long-term debt	$ 933.5	$ 999.3
Private Placement Notes | 3.15% 2013 Private placement notes due 2023
Debt Instrument
Interest rate, stated percentage (in percent)	3.15%	3.15%
Long-term debt, gross	$ 270.1	$ 272.2
Private Placement Notes | 5.75% 2020 Private placement notes due 2025
Debt Instrument
Interest rate, stated percentage (in percent)	5.75%	5.75%
Long-term debt, gross	$ 211.9	$ 213.5
Private Placement Notes | 4.00% 2012 Private placement notes due 2027
Debt Instrument
Interest rate, stated percentage (in percent)	4%	4%
Long-term debt, gross	$ 79.5	$ 80.1
Private Placement Notes | 4.00% 2012 Private placement notes due 2032
Debt Instrument
Interest rate, stated percentage (in percent)	4%	4%
Long-term debt, gross	$ 106	$ 106.7
Private Placement Notes | 3.75% 2013 Private placement notes due 2033
Debt Instrument
Interest rate, stated percentage (in percent)	3.75%	3.75%
Long-term debt, gross	$ 106	$ 106.7
Senior Notes | 6.50% Senior notes due 2026
Debt Instrument
Interest rate, stated percentage (in percent)	6.50%	6.50%
Long-term debt, gross	$ 202.9	$ 202.9
Bank borrowings and other
Debt Instrument
Long-term debt, gross	$ 372.8	$ 394.9

DEBT - Credit Facilities and De

DEBT - Credit Facilities and Debt (Details)			9 Months Ended
	Apr. 24, 2023 USD ($)	Feb. 16, 2021 USD ($)	Sep. 30, 2023 USD ($) agency	Dec. 31, 2022	Jan. 29, 2021 USD ($)
Senior Notes | 6.50% Senior notes due 2026
Line of Credit Facility
Debt instrument face amount					$ 1,000,000,000
Interest rate, stated percentage (in percent)			6.50%	6.50%
Revolving Credit Facility | Minimum | Euro loan
Line of Credit Facility
Debt instrument, basis spread on variable rate			2.50%
Revolving Credit Facility | Minimum | Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate			1.50%
Revolving Credit Facility | Maximum | Euro loan
Line of Credit Facility
Debt instrument, basis spread on variable rate			3.50%
Revolving Credit Facility | Maximum | Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate			2.50%
Revolving Credit Facility | Letter of Credit
Line of Credit Facility
Maximum borrowing capacity		$ 450,000,000
Letters of credit outstanding amount			$ 54,200,000
Line of credit facility borrowing capacity			$ 1,195,800,000
Revolving Credit Facility | Line of Credit
Line of Credit Facility
Maximum borrowing capacity	$ 1,250,000,000	$ 1,000,000,000
Debt instrument, term	5 years	3 years
Debt issuance costs		$ 34,800,000
Revolving Credit Facility | Letter of Credit
Line of Credit Facility
Maximum borrowing capacity	$ 250,000,000
Revolving Credit Facility | Letter of Credit | Five-Year Senior Secured Performance Letters of Credit
Line of Credit Facility
Maximum borrowing capacity	$ 500,000,000
Debt instrument, term	5 years
Maximum available commitments under accordion feature	$ 1,000,000,000
Number of Rating Agencies providing Investment Grade Rating needed to result in automatic release of collateral | agency			2

STOCKHOLDERS_ EQUITY - Narrativ

STOCKHOLDERS’ EQUITY - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	9 Months Ended		15 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Jul. 26, 2023
Stockholders' Equity Note [Abstract]
Dividends declared (in usd per share)					$ 0.05
Annualized dividends declared (in usd per share)					$ 0.20
Dividends paid	$ 21.8	$ 21.8	$ 0
Stock repurchase program, increase in authorized amount					$ 400
Stock repurchase program, authorized amount					$ 800
Treasury stock, value, acquired, par value method	50.1			$ 250.3
Stock repurchase program, remaining authorized repurchase amount	$ 549.7	$ 549.7		$ 549.7
Stock repurchase program, remaining shares authorized to be repurchased	27	27		27

STOCKHOLDERS_ EQUITY -Schedule

STOCKHOLDERS’ EQUITY -Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 3,131.2	$ 3,344.4		$ 3,276.7	$ 3,418.4
Other comprehensive loss, net of tax	(54.5)	(125.2)		(16.2)	(171.6)
Ending balance	3,110	3,174.3	$ 3,344.4	3,110	3,174.3
Accumulated Other Comprehensive  Loss Attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,260.2)	(1,347)		(1,301.7)	(1,305)
Other comprehensive income (loss) before reclassifications, net of tax	(51.4)	(132.1)		(22.9)	(192.1)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	(10.1)	9.7		2.9	27.7
Other comprehensive loss, net of tax	(61.5)	(122.4)	(164.4)	(20)	(164.4)
Ending balance	(1,321.7)	(1,469.4)	(1,347)	(1,321.7)	(1,469.4)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,124.6)	(1,158.3)		(1,177.7)	(1,158.4)
Other comprehensive income (loss) before reclassifications, net of tax	(57.6)	(97.2)		(4.4)	(97.1)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	0	0		(0.1)	0
Other comprehensive loss, net of tax	(57.6)	(97.2)	(97.1)	(4.5)	(97.1)
Ending balance	(1,182.2)	(1,255.5)	(1,158.3)	(1,182.2)	(1,255.5)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(33.4)	(64.1)		(17.1)	(17.3)
Other comprehensive income (loss) before reclassifications, net of tax	5.7	(33.4)		(19.2)	(92)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	(12.4)	6.7		(3.8)	18.5
Other comprehensive loss, net of tax	(6.7)	(26.7)	(73.5)	(23)	(73.5)
Ending balance	(40.1)	(90.8)	(64.1)	(40.1)	(90.8)
Defined Pension  and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(102.2)	(124.6)		(106.9)	(129.3)
Other comprehensive income (loss) before reclassifications, net of tax	0.5	(1.5)		0.7	(3)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	2.3	3		6.8	9.2
Other comprehensive loss, net of tax	2.8	1.5	6.2	7.5	6.2
Ending balance	(99.4)	(123.1)	(124.6)	(99.4)	(123.1)
Accumulated Other Comprehensive  Loss Attributable to Non-Controlling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(13)	(10.1)		(9.8)	(5.7)
Other comprehensive income (loss) before reclassifications, net of tax	7	(2.8)		3.8	(7.2)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	0	0		0	0
Other comprehensive loss, net of tax	7	(2.8)	(7.2)	3.8	(7.2)
Ending balance	$ (6)	$ (12.9)	$ (10.1)	$ (6)	$ (12.9)

STOCKHOLDERS_ EQUITY - Schedule

STOCKHOLDERS’ EQUITY - Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification out of Accumulated Other Comprehensive Income
Revenue	$ (2,056.9)	$ (1,733)	$ (5,746.5)	$ (5,006)
Selling, general and administrative expense	(183.8)	(151.9)	(487.7)	(454.6)
Other income (expense), net	(41.5)	(10.3)	(225.1)	33.5
Income (loss) before income taxes	113.2	53.4	105.4	75.2
Provision for income taxes	19.5	42.7	100.2	91
Net income (loss)	93.7	(4.6)	5.2	(50.5)
Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Income (loss) before income taxes	(2.8)	(5.9)	(5.3)	(15.2)
Provision for income taxes	(0.5)	(2.9)	1.5	(6)
Net income (loss)	(2.3)	(3)	(6.8)	(9.2)
Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Defined Pension  and Other Post-Retirement Benefits
Reclassification out of Accumulated Other Comprehensive Income
Amortization of prior service credit (cost)	(0.1)	(0.1)	(0.2)	(0.3)
Amortization of net actuarial loss	(2.7)	(5.8)	(5.1)	(14.9)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Hedging
Reclassification out of Accumulated Other Comprehensive Income
Revenue	0.5	1.4	9	1.9
Cost of sales	21.7	(5.6)	22.4	(12.6)
Selling, general and administrative expense	(0.1)	0	(0.2)	(0.3)
Other income (expense), net	(2.1)	(2.2)	(6.5)	(11.1)
Income (loss) before income taxes	19	(9.2)	6.7	(25.9)
Provision for income taxes	6.6	(2.5)	2.9	(7.4)
Net income (loss)	$ 12.4	$ (6.7)	$ 3.8	$ (18.5)

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES - Narratives (Details) € in Thousands, $ in Millions				1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 13, 2023 EUR (€)	Jun. 22, 2023 EUR (€)	Jun. 25, 2019 USD ($) claim	Sep. 30, 2019 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Guarantor Obligations
Litigation settlement, amount awarded to other party | $			$ 301.3
Litigation settlement, expense | $				$ 5.1
CJIP
Guarantor Obligations
Litigation settlement, amount awarded to other party		€ 179,450
Liability recorded during the period | $					$ 126.5
Payments of scheduled installment	€ 24,700
Accrual balance | $						$ 164
Technip UK and Technip Energies France | CJIP
Guarantor Obligations
Litigation settlement, amount awarded to other party		208,900
Technip UK | CJIP
Guarantor Obligations
Litigation settlement, amount awarded to other party		154,800
Technip Energies France | CJIP
Guarantor Obligations
Litigation settlement, amount awarded to other party		54,100
Technip Energies | CJIP
Guarantor Obligations
Litigation settlement, amount awarded to other party		€ 29,450
Brazilian Authorities
Guarantor Obligations
Period anti-corruption program reports will be provided			2 years
Self reporting period under leniency agreement			2 years
U.S. Authorities
Guarantor Obligations
Period anti-corruption program reports will be provided			3 years
DOJ
Guarantor Obligations
Deferred Prosecution Agreement term			3 years
DOJ | Technip USA, Inc
Guarantor Obligations
Counts pled guilty to | claim			1
Indirect guarantee of indebtedness
Guarantor Obligations
Guarantor obligations, term of obligation (in years)						5 years

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES - Schedule of Guarantor Obligations (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Guarantor Obligations
Maximum potential undiscounted payments	$ 1,978.6	$ 1,628.4
Financial guarantees
Guarantor Obligations
Maximum potential undiscounted payments	185.3	170.2
Performance guarantees
Guarantor Obligations
Maximum potential undiscounted payments	$ 1,793.3	$ 1,458.2

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rate	17.20%	80%	95.10%	121%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Notional Amounts of Outstanding Derivative Positions (Details) - Sep. 30, 2023 € 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 ($)

NOK (kr)

AUD ($)

BRL (R$)

IDR (Rp)

SGD ($)

CAD ($)

KWD (د.ك)

MYR (RM)

INR (₨)

GBP (£)

Foreign Exchange Forward | Euro | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

€ 1,472.6

$ 1,560.2

Foreign Exchange Forward | Norwegian krone | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

400

kr 4,250.1

Foreign Exchange Forward | Australian dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

226.2

$ 349

Foreign Exchange Forward | Brazilian real | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

212.1

R$ 1061.8

Foreign Exchange Forward | Indonesian rupiah | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

129.6

Rp 2,006,373.6

Foreign Exchange Forward | Singapore dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

61.6

$ 84.1

Foreign Exchange Forward | Canadian dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

49.3

$ 66.3

Foreign Exchange Forward | Czech koruna | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

16.2

د.ك 372.1

Foreign Exchange Forward | Malaysian ringgit | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

13.8

RM 64.7

Foreign Exchange Forward | Indian rupee | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

13.4

₨ 1,111.5

Foreign Exchange Forward | Swedish krona | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

10.5

₨ 114.1

Foreign Exchange Forward | British pound | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

58.8

£ 48

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

Derivative [Line Items]

Derivative, notional amount

2,711.1

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

Derivative [Line Items]

Derivative, notional amount

€ 16.9

17.9

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

Derivative [Line Items]

Derivative, notional amount

0.3

kr 3.3

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

Derivative [Line Items]

Derivative, notional amount

5.7

R$ 28.4

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

Derivative [Line Items]

Derivative, notional amount

$ 12.9

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Derivatives, Fair Value
Derivative assets	$ 152.6		$ 152.6		$ 289.9
Derivative liabilities	213.8		213.8		350.2
Foreign exchange contracts | Cash Flow Hedging
Derivatives, Fair Value
Foreign exchange contracts	1.4	$ (43.9)	(16.3)	$ (107.6)
Derivatives Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	135.7		135.7		262
Derivative liabilities	190.1		190.1		336.1
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	123.1		123.1		254.8
Derivative liabilities	164.5		164.5		332.5
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	12.6		12.6		7.2
Derivative liabilities	25.6		25.6		3.6
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	16.9		16.9		27.9
Derivative liabilities	23.7		23.7		14.1
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	16.8		16.8		27.9
Derivative liabilities	23.7		23.7		14.1
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	0.1		0.1		0
Derivative liabilities	$ 0		$ 0		$ 0

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Accumulated other comprehensive gains (losses) on forecasted cash flow hedges	$ 3,068.2	$ 3,240.2
Cash flow hedge loss expected to be reclassified within 12 months	$ 2.3
Hedges maturity year	2026
Hedging
Derivative [Line Items]
Accumulated other comprehensive gains (losses) on forecasted cash flow hedges	$ (41.6)	$ 18.5

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Gain (Loss) Recognized in Income Related to Hedges and Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	$ 2,056.9	$ 1,733	$ 5,746.5	$ 5,006
Selling, general and administrative expense	(183.8)	(151.9)	(487.7)	(454.6)
Other income (expense), net (Note 13)	(41.5)	(10.3)	(225.1)	33.5
Foreign exchange contracts | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Loss recognized in income on derivatives not designated as hedging instruments	0	0.1	(0.1)	0
Total	5.9	3.9	6	6.3
Foreign exchange contracts | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Loss recognized in income on derivatives not designated as hedging instruments	(0.5)	0.6	(0.8)	(0.8)
Total	14.4	(9.8)	(5.8)	(22)
Foreign exchange contracts | Selling, general and administrative expense
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Loss recognized in income on derivatives not designated as hedging instruments	0	0	0	0
Total	(0.5)	(0.1)	(1.2)	0.1
Foreign exchange contracts | Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Loss recognized in income on derivatives not designated as hedging instruments	(29.6)	(22)	(33.1)	(8)
Total	(39.7)	(35.9)	30.7	(50.4)
Foreign exchange contracts | Cash Flow Hedging | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Amounts excluded from effectiveness testing	6.5	5.2	15.1	8.2
Total cash flow hedge gain (loss) recognized in income	5.9	3.8	6.1	6.3
Total hedge gain (loss) recognized in income	5.9	3.8	6.1	6.3
Foreign exchange contracts | Cash Flow Hedging | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Amounts excluded from effectiveness testing	(6.8)	(4.8)	(27.4)	(8.6)
Total cash flow hedge gain (loss) recognized in income	14.9	(10.4)	(5)	(21.2)
Total hedge gain (loss) recognized in income	14.9	(10.4)	(5)	(21.2)
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]
Amounts excluded from effectiveness testing	(0.4)	(0.1)	(1)	0.4
Total cash flow hedge gain (loss) recognized in income	(0.5)	(0.1)	(1.2)	0.1
Total hedge gain (loss) recognized in income	(0.5)	(0.1)	(1.2)	0.1
Foreign exchange contracts | Cash Flow Hedging | Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Amounts excluded from effectiveness testing	(8.5)	(11.7)	69.8	(31.3)
Total cash flow hedge gain (loss) recognized in income	(10.1)	(13.9)	63.8	(42.4)
Total hedge gain (loss) recognized in income	(10.1)	(13.9)	63.8	(42.4)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Hedging
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	(0.5)	(1.4)	(9)	(1.9)
Cost of sales	21.7	(5.6)	22.4	(12.6)
Selling, general and administrative expense	(0.1)	0	(0.2)	(0.3)
Other income (expense), net (Note 13)	(2.1)	(2.2)	(6.5)	(11.1)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Hedging | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	(0.6)	(1.4)	(9)	(1.9)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Hedging | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Cost of sales	21.7	(5.6)	22.4	(12.6)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (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	(0.2)	(0.3)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Hedging | Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Other income (expense), net (Note 13)	$ (1.6)	$ (2.2)	$ (6)	$ (11.1)

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Offsetting Assets (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative assets
Gross Amount Recognized	$ 152.6	$ 289.9
Gross Amounts Not Offset, Permitted Under Master Netting Agreements	(98.5)	(142.5)
Net Amount	54.1	147.4
Derivative liabilities
Gross Amount Recognized	213.8	350.2
Gross Amounts Not Offset Permitted Under Master Netting Agreements	(98.5)	(142.5)
Net Amount	$ 115.3	$ 207.7

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	$ 54.1	$ 147.4
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	115.3	207.7
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Equity securities	22.1	19.8
Held-to-maturity debt securities	1.3	16
Total assets	178	327.6
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	213.8	350.2
Fair Value, Measurements, Recurring | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	152.6	289.9
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	213.8	350.2
Fair Value, Measurements, Recurring | Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market and stable value funds	2	1.9
Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Equity securities	22.1	19.8
Held-to-maturity debt securities	0	0
Total assets	22.1	19.8
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Fair Value, Measurements, Recurring | Level 1 | Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market and stable value funds	0	0
Fair Value, Measurements, Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Equity securities	0	0
Held-to-maturity debt securities	1.3	16
Total assets	155.5	307.4
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	213.8	350.2
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	152.6	289.9
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	213.8	350.2
Fair Value, Measurements, Recurring | Level 2 | Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market and stable value funds	1.6	1.5
Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Equity securities	0	0
Held-to-maturity debt securities	0	0
Total assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Fair Value, Measurements, Recurring | Level 3 | Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market and stable value funds	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Debt, fair value	$ 912.8	$ 916.3

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) $ in Millions		3 Months Ended	9 Months Ended
	Feb. 16, 2021	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Exchange ratio	0.2
Spinoff | Technip Energies N.V.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expense from discontinued operations		$ (15.8)	$ (15.8)
Income tax (benefit) expense recorded from discontinued operations		$ (0.5)	$ 18.9
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%

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - $ / shares	Oct. 24, 2023	Jul. 26, 2023
Subsequent Event [Line Items]
Dividends declared (in usd per share)		$ 0.05
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in usd per share)	$ 0.05