TechnipFMC (FTI) 10-Q 24 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 22, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		425,414,999
Entity Central Index Key	0001681459
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue
Lease revenue	$ 63.2	$ 83.1	$ 185.2	$ 201.3
Total revenue	2,348.4	2,056.9	6,716	5,746.5
Costs and expenses
Cost of lease revenue	39.5	57.5	118.1	143
Selling, general and administrative expense	187.4	183.8	522.1	487.7
Research and development expense	15.4	17.5	48.2	49.7
Restructuring, impairment and other charges	3.8	4.3	11.2	10
Total costs and expenses	2,061.2	1,896.1	5,961.4	5,376.2
Other expense, net	(7.3)	(41.5)	(63.7)	(225.1)
Gain on disposal of Measurement Solutions business (Note 3)	0	0	75.2	0
Income from equity affiliates (Note 10)	8.4	20.6	12.4	35.9
Income before net interest expense and income taxes	288.3	139.9	778.5	181.1
Interest income	6.3	4	25.7	16.4
Interest expense	(22.2)	(30.7)	(75.7)	(92.1)
Loss before income taxes	272.4	113.2	728.5	105.4
Provision (benefit) for income taxes (Note 16)	(6)	19.5	102.9	100.2
Net income	278.4	93.7	625.6	5.2
(Income) attributable to non-controlling interests	(3.8)	(3.7)	(7.4)	(2)
Net income attributable to TechnipFMC plc	$ 274.6	$ 90	$ 618.2	$ 3.2
Earnings per share attributable to TechnipFMC plc
Basic (usd per share)	$ 0.64	$ 0.21	$ 1.44	$ 0.01
Diluted (usd per share)	$ 0.63	$ 0.20	$ 1.40	$ 0.01
Weighted average shares outstanding (Note 6)
Basic (in shares)	428.3	436.9	430.7	439.7
Diluted (in shares)	438.8	450.3	441.9	452.9
Service revenue
Revenue
Revenue	$ 1,491.7	$ 1,180.7	$ 4,063.2	$ 3,098.2
Costs and expenses
Cost of product and service revenue	1,199.1	916.6	3,330.3	2,589.1
Products
Revenue
Revenue	793.5	793.1	2,467.6	2,447
Costs and expenses
Cost of product and service revenue	$ 616	$ 716.4	$ 1,931.5	$ 2,096.7

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income attributable to TechnipFMC plc		$ 274.6	$ 90	$ 618.2	$ 3.2
(Income) attributable to non-controlling interests		(3.8)	(3.7)	(7.4)	(2)
Net income attributable to TechnipFMC plc, including non-controlling interests		278.4	93.7	625.6	5.2
Net unrealized gains (losses) arising during the period		46.7	(50.6)	(105.4)	(0.6)
Reclassification adjustment for net losses included in net income		0	0.1	10.5	0
Foreign currency translation adjustments(a)	[1]	46.7	(50.5)	(94.9)	(0.6)
Net gains (losses) on hedging instruments
Net (losses) gains arising during the period		41	5.6	(14.1)	(19.3)
Reclassification adjustment for net (gains) included in net income		(5.9)	(12.4)	(12.7)	(3.8)
Net gains (losses) on hedging instruments(b)	[2]	35.1	(6.8)	(26.8)	(23.1)
Pension and other post-retirement benefits
Net gains (losses) arising during the period		(7)	0.5	(3.7)	0.7
Reclassification adjustment for amortization of prior service cost included in net income		0.1	0.1	0.2	0.2
Reclassification adjustment for amortization of net actuarial losses included in net income		1.1	2.2	7.2	6.6
Reclassification adjustment for net (gain) included in net income		0	0	(2.3)	0
Net pension and other post-retirement benefits(c)	[3]	(5.8)	2.8	1.4	7.5
Other comprehensive income (loss), net of tax		76	(54.5)	(120.3)	(16.2)
Comprehensive income (loss)		354.4	39.2	505.3	(11)
Comprehensive (income) attributable to non-controlling interest		(3.8)	(10.7)	(7.2)	(5.8)
Comprehensive income (loss) attributable to TechnipFMC plc		$ 350.6	$ 28.5	$ 498.1	$ (16.8)
[1] Net of income tax of nil for the three and nine months ended September 30, 2024 and 2023. Net of income tax benefit (expense) of $(3.0) million and $11.4 million for the three months ended September 30, 2024 and 2023, respectively, and $15.2 million and $0.4 million for the nine months ended September 30, 2024 and 2023, respectively. Net of income tax benefit (expense) of $(5.9) million and $(0.5) million for the three months ended September 30, 2024 and 2023, respectively, and $(4.9) million and $1.5 million for the nine months ended September 30, 2024 and 2023, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ 0	$ 0	$ 0
Net income tax benefit (expense)	(3)	11.4	15.2	0.4
Net income tax benefit (expense)	$ (5.9)	$ (0.5)	$ (4.9)	$ 1.5

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 837.5	$ 951.7
Trade receivables, net of allowances of $59.6 in 2024 and $34.4 in 2023	1,278.1	1,138.1
Contract assets, net of allowances of $1.3 in 2024 and $1.4 in 2023	1,140.8	1,010.1
Inventories, net (Note 8)	1,142.4	1,100.3
Derivative financial instruments (Note 17)	157	183.4
Income taxes receivable	135.9	156.2
Advances paid to suppliers	88.5	89.5
Measurements Solutions business classified as assets held for sale (Note 3)	0	152.1
Other current assets (Note 9)	410	414
Total current assets	5,190.2	5,195.4
Investments in equity affiliates (Note 10)	286.3	274.4
Property, plant and equipment, net of accumulated depreciation of $2,950.8 in 2024 and $2,496.5 in 2023	2,214.6	2,270.9
Operating lease right-of-use assets	781.2	739.6
Finance lease right-of-use assets	119.4	91.6
Intangible assets, net of accumulated amortization of $787.4 in 2024 and $725.3 in 2023	541.9	601.6
Deferred income taxes	194.7	164.8
Derivative financial instruments (Note 17)	143.5	30.4
Other assets	249	287.9
Total assets	9,720.8	9,656.6
Liabilities and equity
Short-term debt and current portion of long-term debt (Note 12)	310.4	153.8
Operating lease liabilities	143	136.5
Finance lease liabilities	74.8	9.9
Accounts payable, trade	1,491.4	1,355.8
Contract liabilities	1,513.4	1,485.8
Accrued payroll	210.5	187.8
Derivative financial instruments (Note 17)	123.1	179.9
Income taxes payable	149.8	146.8
Measurements Solutions business classified as liabilities held for sale (Note 3)	0	64.3
Other current liabilities (Note 9)	545.5	748
Total current liabilities	4,561.9	4,468.6
Long-term debt, less current portion (Note 12)	656.3	913.5
Operating lease liabilities, less current portion	700.1	667.1
Financing lease liabilities, less current portion	59	88.4
Deferred income taxes	77.7	92.2
Accrued pension and other post-retirement benefits, less current portion	63	84.4
Derivative financial instruments (Note 17)	169.5	24.8
Other liabilities	134.1	145.5
Total liabilities	6,421.6	6,484.5
Commitments and contingent liabilities (Note 15)
Stockholders’ equity (Note 13)
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2024 and 2023; 425.4 shares and 432.9 shares issued and outstanding in 2024 and 2023, respectively	425.4	432.9
Capital in excess of par value of ordinary shares	8,688.6	8,938.9
Accumulated deficit	(4,492.7)	(4,993.1)
Accumulated other comprehensive loss	(1,362.1)	(1,242)
Total TechnipFMC plc stockholders’ equity	3,259.2	3,136.7
Non-controlling interests	40	35.4
Total equity	3,299.2	3,172.1
Total liabilities and equity	$ 9,720.8	$ 9,656.6

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Receivables, allowances	$ 59.6	$ 34.4
Allowance for contract assets	1.3	1.4
Property, plant and equipment, accumulated depreciation	2,950.8	2,496.5
Intangible assets, accumulated amortization	$ 787.4	$ 725.3
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)	425,400,000	432,900,000
Ordinary shares, shares outstanding (in shares)	425,400,000	432,900,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash provided (required) by operating activities
Net income	$ 625.6	$ 5.2
Adjustments to reconcile income to cash provided (required) by operating activities
Depreciation and amortization	285.6	283.3
Deferred income tax benefit	(60.7)	(22.9)
Income from equity affiliates, net of dividends received	(11.9)	(35.9)
Gain on disposal of Measurement Solutions business	(75.2)	0
Other non-cash items, net	30.2	55
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and Contract assets, net	(274.3)	(587.6)
Inventories, net	(68.3)	(112.9)
Accounts payable, trade	123.9	275.7
Contract liabilities	33.4	89.4
Income taxes payable, net	(19)	46
Other current assets and liabilities, net	(283.8)	42.7
Other non-current assets and liabilities, net	76.6	(46.1)
Cash provided (required) by operating activities	382.1	(8.1)
Cash provided (required) by investing activities
Capital expenditures	(155.4)	(153.7)
Proceeds from sales of assets	5.5	75.3
Proceeds from sale of Measurement Solutions business	186.1	0
Other investing activities	0.5	14.9
Cash provided (required) by investing activities	36.7	(63.5)
Cash required by financing activities
Net decrease in short-term debt	(91.7)	(38.2)
Share repurchases	(330.1)	(150.1)
Dividends paid	(64.7)	(21.8)
Payments related to taxes withheld on share-based compensation	(49.7)	(17.2)
Proceeds from exercise of stock options	30.9	0
Other financing activities	(17.2)	(49.4)
Cash required by financing activities	(522.5)	(276.7)
Effect of changes in foreign exchange rates on cash and cash equivalents	(10.5)	(17.9)
Change in cash and cash equivalents	(114.2)	(366.2)
Cash and cash equivalents, beginning of period	951.7	1,057.1
Cash and cash equivalents, end of period	$ 837.5	$ 690.9

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, 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	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	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
Beginning balance at Dec. 31, 2023	3,172.1	432.9	8,938.9	(4,993.1)	(1,242)	35.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	625.6			618.2		7.4
Other comprehensive income (loss)	(120.3)				(120.1)	(0.2)
Issuance of ordinary shares, net of shares withheld for tax	(49.7)	4.3	(54)
Share-based compensation	45.1		45.1
Shares repurchased and cancelled	(330.1)	(13.1)	(270.7)	(46.3)
Proceeds from exercise of stock options	30.9	1.3	29.6
Dividends declared and paid	(66.6)			(64.7)
Dividends declared and paid						(1.9)
Other	(7.8)		(0.3)	(6.8)		(0.7)
Ending balance at Sep. 30, 2024	3,299.2	425.4	8,688.6	(4,492.7)	(1,362.1)	40
Beginning balance at Jun. 30, 2024	3,009.6	428.5	8,708.8	(4,726.6)	(1,438.3)	37.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	278.4			274.6		3.8
Other comprehensive income (loss)	76				76.2	(0.2)
Share-based compensation	13.9		13.9
Shares repurchased and cancelled	(79.9)	(2.9)	(61.7)	(15.3)
Proceeds from exercise of stock options	27.7	(0.2)	27.9
Dividends declared and paid	(21.5)			(21.5)
Other	(5)		(0.3)	(3.9)		(0.8)
Ending balance at Sep. 30, 2024	$ 3,299.2	$ 425.4	$ 8,688.6	$ (4,492.7)	$ (1,362.1)	$ 40

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
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, 2023. 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, 2024. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	9 Months Ended
	Sep. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS Recently Issued Accounting Standards under GAAP In November 2023, the Financial Accounting Standards Board (“the FASB”) issued ASU 2023-07, “Improvements to Reportable Segment Disclosures,” which requires incremental disclosures about a public entity’s reportable segments but does not change the definition of a segment or the guidance for determining reportable segments. The new guidance requires disclosure of significant segment expenses that are (1) regularly provided to (or easily computed from information regularly provided to) the chief operating decision maker and (2) included in the reported measure of segment profit or loss. The new standard also allows companies to disclose multiple measures of segment profit or loss if those measures are used to assess performance and allocate resources. We expect to adopt the new disclosures as required for the year ended December 31, 2024 and in 2025 for interim periods. We are currently evaluating the impact of this standard on the related disclosures. In December 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures,” which requires significant additional disclosures about income taxes, primarily focused on the disclosure of income taxes paid and the rate reconciliation table. The new guidance will be applied prospectively (with retrospective application permitted) and is effective in the 2025 annual period and in 2026 for interim periods, with early adoption permitted. We are currently evaluating the impact of this standard on the related disclosures. On March 6, 2024, the SEC issued their final rule “The Enhancement and Standardization of Climate-Related Disclosures for Investors” designed to enhance public company disclosures related to the risks and impacts of climate-related matters. The final rule includes disclosures relating to climate-related risks and risk management as well as the board and management’s governance of such risks. In addition, the rule includes requirements to disclose the financial effects of severe weather events and other natural conditions in the audited financial statements. On April 4, 2024, the SEC stayed its climate disclosure rule to “facilitate the orderly judicial resolution” of pending legal challenges. We are currently evaluating the impact of this rule on our disclosures. We assessed ASUs and disclosure requirements not listed above and determined that they either were not applicable or were not expected to have a material impact on our financial statements.

DISPOSAL OF MEASUREMENT SOLUTIO

DISPOSAL OF MEASUREMENT SOLUTIONS BUSINESS AND OTHER TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISPOSAL OF MEASUREMENT SOLUTIONS BUSINESS AND OTHER TRANSACTIONS	DISPOSAL OF MEASUREMENT SOLUTIONS BUSINESS AND OTHER TRANSACTIONS Disposal of Measurement Solutions business In November 2023, TechnipFMC announced an agreement to sell the Company’s Measurement Solutions business (the “MSB”) for $205 million in cash, subject to customary adjustments at the closing of the transaction. As part of the Surface Technologies segment, MSB encompasses terminal management solutions and metering products and systems and includes engineering and manufacturing locations in North America and Europe. We recorded transaction costs associated with the sale of $5.2 million, during the three months ended March 31, 2024 . These transaction costs are included within restructuring, impairment, and other charges in our condensed consolidated statement of income. On March 11, 2024, we completed the sale of equity interests and assets of MSB for cash proceeds of $186.1 million and recognized a gain on disposal of $75.2 million. The purchase consideration was adjusted for various working capital balances and assumed liabilities as of the transaction closing date. FMC Technologies (UK) Pension Plan Buy-In In February 2024, one of the U.K. pension plans entered into a buy-in contract for its pensioners. Under the buy-in contract terms, the responsibility to pay pension benefits still rests with the plan and the obligation is still recorded by the Company.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The majority of our revenue is from long-term contracts associated with designing and manufacturing products and systems and providing services to customers involved in the exploration and production of 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, 2024 and 2023: Reportable Segments Three Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 761.2 $ 28.8 $ 653.1 $ 29.8 Europe and Central Asia 546.9 31.5 520.0 54.8 North America 237.9 114.8 269.2 137.5 Africa 274.9 8.3 187.6 15.2 Asia Pacific 204.9 23.2 77.1 23.5 Middle East 2.3 113.7 1.3 87.8 Total revenue $ 2,028.1 $ 320.3 $ 1,708.3 $ 348.6 Reportable segments Nine Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 2,021.6 $ 82.4 $ 1,652.4 $ 90.5 Europe and Central Asia 1,532.1 95.7 1,419.0 150.0 North America 1,004.1 363.6 771.3 433.8 Africa 791.6 36.0 614.2 35.9 Asia Pacific 419.8 66.8 208.8 58.9 Middle East 2.8 299.5 48.6 263.1 Total revenue $ 5,772.0 $ 944.0 $ 4,714.3 $ 1,032.2 The following tables present total revenue by contract type for each reportable segment for the three and nine months ended September 30, 2024 and 2023: Reportable Segments Three Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 1,438.3 $ 53.4 $ 1,126.0 $ 54.7 Products 574.2 219.3 542.6 250.5 Lease 15.6 47.6 39.7 43.4 Total revenue $ 2,028.1 $ 320.3 $ 1,708.3 $ 348.6 Reportable segments Nine Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 3,911.1 $ 152.1 $ 2,937.5 $ 160.7 Products 1,807.5 660.1 1,711.7 735.3 Lease 53.4 131.8 65.1 136.2 Total revenue $ 5,772.0 $ 944.0 $ 4,714.3 $ 1,032.2 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) in 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, 2024 and December 31, 2023: (In millions) September 30, December 31, Contract assets $ 1,140.8 $ 1,010.1 Contract liabilities (1,513.4) (1,485.8) Net contract liabilities $ (372.6) $ (475.7) 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 revenu e we recognize increases the contract asset balance. Revenue recognized for the three months ended September 30, 2024 and 2023 that was included in the contract liabilities balance as of December 31, 2023 and 2022 was $144.1 million and $90.3 million, respectively, and $992.3 million and $592.9 million for the nine months ended September 30, 2024 a nd 2023, respectively. Net revenue recognized from our performance obligations satisfied or partially satisfied in previous periods had a favorable and unfavorable impact of $1.2 million and $8.8 million for the three months ended September 30, 2024 and 2023, respectively. For the nine months ended September 30, 2024 and 2023 we had a favorable and unfavorable impact of $18.0 million and $12.5 million, respectively. For the three months ended September 30, 2024 , there were no projects with individually material impacts. Certain projects were materially and favorably impacted for the nine months ended September 30, 2024, by $90.7 million, as a result of improved performance in the delivery and was offset by individually immaterial projects with net negative impacts of $72.7 million. For the three and nine months ended September 30, 2023, there were no projects with individually material impacts. Transaction Price Allocated to the Remaining Unsatisfied Performance Obligations Remaining unsatisfied performance obligations (or “order backlog”) represent the transaction price for products and services for which we have a material right, but work has not been performed. The transaction price of the order backlog includes the base transaction price, variable consideration, and changes in transaction price. The order backlog table does not include contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The transaction price of order backlog related to unfilled, confirmed customer orders is estimated at each reporting date. As of September 30, 2024, the aggregate amount of the transaction price allocated to order backlog was $14.7 billion. TechnipFMC expects to recognize revenue on approximately 12.1 percent of the order backlog through 2024 and 87.9 percent thereafter. The following table details the order backlog for each business segment as of September 30, 2024: (In millions) 2024 2025 Thereafter Subsea $ 1,547.1 $ 5,479.9 $ 6,705.1 Surface Technologies 230.2 370.0 366.6 Total order backlog $ 1,777.3 $ 5,849.9 $ 7,071.7

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 30, 2024
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 and allocates resources. 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 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 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 segment operating profit. The following items have been excluded in computing segment operating profit: corporate staff expense, foreign exchange gains (losses), net interest income (expense) associated with corporate debt facilities, income taxes, and the non-recurring legal settlement charge. Segment revenue and segment operating profit were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2024 2023 2024 2023 Segment revenue Subsea $ 2,028.1 $ 1,708.3 $ 5,772.0 $ 4,714.3 Surface Technologies 320.3 348.6 944.0 1,032.2 Total segment revenue $ 2,348.4 $ 2,056.9 $ 6,716.0 $ 5,746.5 Segment operating profit Subsea $ 288.8 $ 177.7 $ 723.1 $ 397.9 Surface Technologies (a) 33.7 33.3 167.7 81.4 Total segment operating profit $ 322.5 $ 211.0 $ 890.8 $ 479.3 Corporate items Corporate expens e (b) $ (31.1) $ (24.7) $ (87.0) $ (205.6) Net interest expense (15.9) (26.7) (50.0) (75.7) Foreign exchange losses (3.1) (46.4) (25.3) (92.6) Total corporate items $ (50.1) $ (97.8) $ (162.3) $ (373.9) Income before income taxes (c) $ 272.4 $ 113.2 $ 728.5 $ 105.4 (a) Includes the gain on disposal of MSB for the nine months ended September 30, 2024, see Note 3 (b) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits. For the nine months ended September 30, 2023, corporate expense includes a non-recurring legal settlement charge of $126.5 million. (c)

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE A reconciliation of the number of shares used for the basic and diluted earnings per share calculation was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2024 2023 2024 2023 Net income attributable to TechnipFMC plc $ 274.6 $ 90.0 $ 618.2 $ 3.2 Weighted average number of shares outstanding 428.3 436.9 430.7 439.7 Dilutive effect of restricted stock units 4.2 5.3 4.4 5.6 Dilutive effect of stock options 0.3 — 0.2 — Dilutive effect of performance shares 6.0 8.1 6.6 7.6 Total shares and dilutive securities 438.8 450.3 441.9 452.9 Basic and diluted earnings per share attributable to TechnipFMC plc: Earnings per share attributable to TechnipFMC plc Basic $ 0.64 $ 0.21 $ 1.44 $ 0.01 Diluted $ 0.63 $ 0.20 $ 1.40 $ 0.01 For the three months ended September 30, 2023 and the nine months ended September 30, 2024 and 2023, weighted average shares of 0.8 million, 0.1 million and 1.4 million shares, respectively, were excluded from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive.

RECEIVABLES

RECEIVABLES	9 Months Ended
	Sep. 30, 2024
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 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, 2024 December 31, 2023 (In millions) Credit rating Year of origination Balance Credit rating Year of origination Balance Loans receivables and other Moody’s rating Aa3 - Ba2 2020-2023 $ 139.3 Moody’s rating A3 -Ba2 2020-2023 $ 138.1 Debt securities at amortized cost — Moody’s rating B3 2021 1.4 Total financial assets $ 139.3 $ 139.5 Credit Losses For contract assets and trade receivables, we have elected to calculate an expected credit loss based on loss rates from historical data. We develop loss-rate statistics on the basis of the amount written-off over the life of the financial assets and contract assets and adjust these historical credit loss trends for forward-looking factors specific to the debtors and the economic environment to determine lifetime expected losses. For loans receivables and other 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, 2024 and 2023, respectively. Balance as of September 30, 2024 (In millions) Trade receivables Contract assets Loan receivables and other Allowance for credit losses at December 31, 2023 $ 34.4 $ 1.4 $ 2.3 Current period provision (release) for expected credit losses 25.4 (0.1) 7.3 Recoveries (0.2) — — Allowance for credit losses at September 30, 2024 $ 59.6 $ 1.3 $ 9.6 Balance as of September 30, 2023 (In millions) Trade receivables Contract assets Loans receivable and other Allowance for credit losses at December 31, 2022 $ 34.1 $ 1.1 $ 0.5 Current period provision (release) for expected credit losses 2.1 0.5 (0.1) Recoveries (0.5) — — Allowance for credit losses at September 30, 2023 $ 35.7 $ 1.6 $ 0.4 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, 2024
Inventory, Finished Goods and Work in Process, Gross [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: (In millions) September 30, December 31, Raw materials $ 420.4 $ 401.3 Work in process 194.5 148.2 Finished goods 527.5 550.8 Inventories, net $ 1,142.4 $ 1,100.3

OTHER CURRENT ASSETS & OTHER CU

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2024
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 $ 163.9 $ 196.0 Prepaid expenses 102.3 83.5 Withholding tax and other receivables 80.5 96.8 Current financial assets at amortized cost 25.3 9.1 Other 38.0 28.6 Total other current assets $ 410.0 $ 414.0 Other current liabilities consisted of the following: (In millions) September 30, December 31, Compensation accrual $ 119.0 $ 136.2 Social security liability 77.9 81.9 Warranty accruals and project contingencies 63.3 60.9 Value-added tax and other taxes payable 60.0 78.5 Legal provisions 58.9 57.7 Other provisions 13.3 16.2 Current portion of accrued pension and other post-retirement benefits 4.6 4.4 Legal settlement liability (a) — 171.1 Other accrued liabilities 148.5 141.1 Total other current liabilities $ 545.5 $ 748.0 (a) See Note 15

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2024
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, 2024, our income from equity affiliates was $8.4 million and $12.4 million, respectively. Our income from equity affiliates during the three and nine months ended September 30, 2023 was $20.6 million and $35.9 million, respectively. Our major equity method investment is as follows: Dofcon Brasil AS is an affiliated company in the form of a joint venture between TechnipFMC and DOF Subsea (“DOF”) and was founded in 2006. The joint venture is composed of three legal entities: Dofcon Brasil AS, Techdof Brasil AS, and Dofcon Navegacao Ltda. Dofcon Brasil AS is the joint venture holding company and is owned 50 percent by DOF and 50 percent by TechnipFMC. Dofcon Brasil AS owns 100 percent of both Dofcon Navegacao Ltda. and Techdof Brasil AS. All joint venture entities are collectively referred to as “Dofcon.” Dofcon provides Pipe-Laying Support Vessels for work in oil and natural gas fields offshore Brazil. Dofcon is considered a variable interest entity (“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 percent investment using the equity method of accounting with results reported in our Subsea segment. In June 2023, Dofcon Brasil AS declared a $170.0 million dividend to its joint venture partners. The dividend receivable was recorded within other current assets on our consolidated balance sheets until December 2023 when the joint venture partners agreed and signed the agreement to convert their outstanding dividend receivable into a long-term loan receivable from Dofcon. As a result of this conversion, we converted our 50 percent share of this dividend receivable into a long-term loan receivable that has a due date of June 26, 2028 and is included in other assets on our condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023. Dofcon Navegacao Ltda. and Techdof Brasil AS have debts related to loans on their vessels. TechnipFMC and DOF provide guarantees for the debts and our share of the guarantees was $336.5 million as of September 30, 2024. 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. Repairs on the vessel have been completed, and the vessel was returned to service in the third quarter of 2024. We did not record an impairment on the carrying value of our investment as we did not note any impairment indicators from the incident.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
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, were not material as of and for the three and nine months ended September 30, 2024 and the comparable periods of the prior year. Related parties are defined as entities related to our directors, officers, and main shareholders as well as the partners of our consolidated joint ventures. Loan receivables as of September 30, 2024 and December 31, 2023 include $85.0 million to Dofcon, for which interest income of $1.9 million and $5.4 million, respectively, has been recorded during the three and nine months ended September 30, 2024 and nil for the three and nine months ended September 30, 2023.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Overview Debt consisted of the following: (In millions) September 30, December 31, 5.75% 2020 Private Placement Notes due 2025 $ 224.0 $ 221.0 6.50% Senior notes due 2026 202.9 202.9 4.00% 2012 Private Placement Notes due 2027 84.0 82.9 4.00% 2012 Private Placement Notes due 2032 112.0 110.5 3.75% 2013 Private Placement Notes due 2033 112.0 110.5 Bank borrowings and other 238.5 347.6 Unamortized debt issuance costs and discounts (6.7) (8.1) Total debt $ 966.7 $ 1,067.3 Less: current borrowings 310.4 153.8 Long-term debt $ 656.3 $ 913.5 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 (the “Revolving Credit 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”) , which increased the commitments available to the Company to $1.25 billion and extended 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. We incurred $16.7 million of debt issuance costs in connection with the Amendment No. 5. 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 Credit Agreement. Availability of borrowings under the Credit Agreement is reduced by the outstanding letters of credit issued against the facility. As of September 30, 2024, there were no letters of credit outstanding, and our availability under the Credit Agreement was $1.25 billion. 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”). • British pound-denominated loans bear interest on an adjusted rate linked to the British pound interbank offered rate. • Euro-denominated loans bear interest on an adjusted rate linked to the Euro interbank offered rate. After the recent upgrade to Baa3/BBB- by two out of three rating agencies, the rate for Term Benchmark (as defined in the Credit Agreement) loans is 1.50 percent and the rate for base rate loans is 0.50 percent effective from June 28, 2024. 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. On March 7, 2024, S&P Global Ratings (“S&P”) upgraded TechnipFMC to investment grade, raising its rating to ‘BBB-’ from ‘BB+’ for both the issuer credit as well as the issue-level ratings on the Company’s senior unsecured notes. On June 27, 2024, Fitch Ratings (“Fitch”) assigned a first-time investment grade long-term issuer default rating of “BBB-” for TechnipFMC. As a result of the S&P and Fitch investment grade ratings and the satisfaction of certain other conditions precedent, the Investment Grade Debt Rating (as defined in the Credit Agreement) has occurred and the collateral securing the Credit Agreement and the Performance LC Credit Agreement was released and certain negative covenants no longer apply to the Company. 2021 Notes - On January 29, 2021, we issued $1.0 billion of 6.50 percent senior notes due 2026 (the “2021 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. We incurred $25.7 million of debt issuance costs in connection with issuance of the 2021 Notes. These debt issuance costs are deferred and are included in long-term debt in our condensed consolidated balance sheets. The deferred debt issuance costs are amortized to interest expense over the term of the 2021 Notes, which approximates the effective interest method. The outstanding balance of the 2021 Notes as of September 30, 2024 is $202.9 million. As of September 30, 2024, TechnipFMC was 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, 2024
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY On July 26, 2023, the Company announced that its Board of Directors authorized the initiation of a quarterly cash dividend of $0.05 per share. The Company intends to pay dividends on a quarterly basis, and this dividend represents $0.20 per share on an annualized basis. The cash dividend paid during the three and nine months ended September 30, 2024 was $21.5 million and $64.7 million, respectively. As an English public limited company, we are required under U.K. law to have available “distributable reserves” to conduct share repurchases or pay dividends to shareholders. Distributable reserves are a statutory requirement and are not linked to a GAAP reported amount (e.g., retained earnings). The declaration and payment of dividends require the authorization of our Board of Directors, provided that such dividends on issued share capital may be paid only out of our “distributable reserves” on our statutory balance sheet. Therefore, we are not permitted to pay dividends out of share capital, which includes share premium. In July 2022, the Board of Directors authorized the repurchase of up to $400.0 million of our outstanding ordinary shares under our share repurchase program. On July 26, 2023, the Board of Directors authorized additional share repurchase of up to $400.0 million, and 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 $80.0 million and $330.1 million, respectively, of ordinary shares during the three and nine months ended September 30, 2024. Based upon the remaining repurchase authority of $164.6 million and the closing stock price as of September 30, 2024, approximately 6.3 million ordinary shares could be subject to repurchase. Since the initial share repurchase authorization in July 2022, we have purchased an aggregate amount of $635.4 million of ordinary shares through September 30, 2024. All repurchased shares were immediately cancelled. Accumulated other comprehensive income (loss) for three and nine months ended September 30, 2024 and 2023 consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other June 30, 2024 $ (1,262.1) $ (41.0) $ (135.2) $ (1,438.3) $ (6.2) Other comprehensive income (loss) before reclassifications, net of tax 46.9 41.0 (7.0) 80.9 — Reclassification adjustment for net (gains) losses included in net income (loss), net of tax — (5.9) 1.2 (4.7) — Other comprehensive income (loss), net of tax 46.9 35.1 (5.8) 76.2 — September 30, 2024 $ (1,215.2) $ (5.9) $ (141.0) $ (1,362.1) $ (6.2) 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, 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) (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2023 $ (1,120.5) $ 20.9 $ (142.4) $ (1,242.0) $ (6.0) Other comprehensive loss before reclassifications, net of tax (105.2) (14.1) (3.7) (123.0) (0.2) Reclassification adjustment for net (gains) losses included in net income (loss), net of tax 10.5 (12.7) 5.1 2.9 — Other comprehensive income (loss), net of tax (94.7) (26.8) 1.4 (120.1) (0.2) September 30, 2024 $ (1,215.2) $ (5.9) $ (141.0) $ (1,362.1) $ (6.2) 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) Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2024 2023 2024 2023 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Condensed Consolidated Statements of Income Release of CTA income (loss) 0.0 — (10.5) 0.1 Other income (expense), net $ — $ — $ (10.5) $ 0.1 Net income Gains (losses) on hedging instruments Foreign exchange contracts $ (6.6) $ (0.5) $ (8.3) $ (9.0) Revenue 10.6 21.7 13.5 22.4 Cost of sales 4.2 (2.2) 12.7 (6.7) Other income (expense), net 8.2 19.0 17.9 6.7 Income before income taxes 2.3 6.6 5.2 2.9 Provision for income taxes $ 5.9 $ 12.4 $ 12.7 $ 3.8 Net income Pension and other post-retirement benefits Amortization of prior service credit (cost) $ (0.1) $ (0.1) $ (0.2) $ (0.2) Other income (expense), net (a) Amortization of net actuarial loss (4.1) (2.7) (9.2) (5.1) Other income (expense), net (a) Reclassification adjustment for net gain included in net income — — 2.3 — Other income (expense), net (a) (4.2) (2.8) (7.1) (5.3) Loss before income taxes (3.0) (0.5) (2.0) 1.5 Provision (benefit) for income taxes $ (1.2) $ (2.3) $ (5.1) $ (6.8) Net loss (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

SUPPLIER FINANCE PROGRAM OBLIGA

SUPPLIER FINANCE PROGRAM OBLIGATIONS	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
SUPPLIER FINANCE PROGRAM OBLIGATIONS	SUPPLIER FINANCE PROGRAM OBLIGATIONS 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(s) 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 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, 2024 and December 31, 2023, the amounts due to suppliers participating in the SCF were $103.5 million and $132.9 million, respectively.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2024
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) $ 137.7 $ 231.9 Performance guarantees (b) 1,837.9 1,821.7 Maximum potential undiscounted payments $ 1,975.6 $ 2,053.6 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability, or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a 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 condensed 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 condensed consolidated financial position, results of operations, or cash flows. The Company has resolved an anti-corruption investigation by French authorities (the Parquet National Financier (“PNF”)). 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 an incremental liability of $126.5 million. After making all scheduled installment payments of €24.7 million, €51.6 million, €51.6 million, and €51.6 million on July 13, 2023, January 15, 2024, April 8, 2024, and July 10, 2024, respectively, we have no further outstanding balance as of September 30, 2024. 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. All obligations to PNF related to the enforcement matters in Equatorial Guinea, Ghana, and Angola have been completed and the Company has been unconditionally released by PNF. 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 as of September 30, 2024 and December 31, 2023, and that the ultimate resolution of such matters will not materially affect our condensed consolidated financial position, results of operations, or cash flows.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our provision (benefit) for income taxes for the three months ended September 30, 2024 and 2023 reflected effective tax rates of (2.2) percent and 17.2 percent, respectively, and for the nine months ended September 30, 2024 and 2023, 14.1 percent and 95.1 percent, respectively, The change in the effective tax rate was largely due to the release of a valuation allowance in the United States with a positive net tax discrete benefit of $60.6 million, the change in geographical profit mix year-over-year and tax adjustments related to the reassessment of prior year tax accruals. During the third quarter of 2024, the Company determined it was more likely than not the Company would be able to realize the benefit of a portion of the deferred tax assets in the United States, resulting in a partial release of the valuation allowance. In reaching this determination, the Company considered the growing trend of profitability over the last three years in the United States, as well as expectations regarding the generation of future taxable income and the sources of future taxable income . 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, 2024
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. 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, 2024, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Australian dollar 312.7 216.5 Brazilian real 1,274.2 233.9 British pound 12.4 16.6 Canadian dollar 29.3 21.7 Euro 930.2 1,041.6 Indonesian rupiah (552,548.4) (36.5) Malaysian ringgit 134.7 32.7 Norwegian krone 3,265.5 310.7 Singapore dollar 77.1 60.2 Czech koruna 264.9 11.8 Swedish krona 47.5 4.7 Polish zloty 62.1 16.2 U.S. dollar (1,914.2) (1,914.2) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects or comply with government restrictions on the currency used to purchase goods in certain countries. As of September 30, 2024, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 20.8 3.8 Euro (6.1) (6.8) Norwegian krone (4.9) (0.5) U.S. dollar 3.2 3.2 Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 18 The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets: September 30, 2024 December 31, 2023 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 139.2 $ 99.9 $ 183.5 $ 167.9 Long-term - Derivative financial instruments 143.5 169.4 30.4 24.8 Total derivatives designated as hedging instruments 282.7 269.3 213.9 192.7 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 17.8 $ 23.2 $ (0.1) $ 12.0 Long-term - Derivative financial instruments — 0.1 — — Total derivatives not designated as hedging instruments 17.8 23.3 (0.1) 12.0 Total derivatives $ 300.5 $ 292.6 $ 213.8 $ 204.7 Cash flow hedges of forecasted transactions, net of tax, which qualify for hedge accounting, resulted in accumulated other comprehensive gains (losses) o f $(7.4) million and $19.5 million, respectively, as of September 30, 2024 and December 31, 2023. We expect to transfer an approximate $21.7 million gain 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 seco nd half of 2027. 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 September 30, Nine Months Ended September 30, (In millions) 2024 2023 2024 2023 Foreign exchange contracts $ 46.3 $ 1.4 $ (24.2) $ (16.3) 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, 2024 and 2023: (In millions) Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Total amount of income (expense) presented in the condensed consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Other income (expense), net Revenue Cost of sales Other income (expense), net Amounts reclassified from accumulated OCI to income (loss) $ (6.6) $ 10.6 $ 4.2 $ (0.6) $ 21.7 $ (1.6) Amounts excluded from effectiveness testing 9.5 (1.4) 0.2 6.5 (6.8) (8.5) Total cash flow hedge gain (loss) recognized in income 2.9 9.2 4.4 5.9 14.9 (10.1) Gain (loss) recognized in income on derivatives not designated as hedging instruments (1.3) 0.3 7.2 — (0.5) (29.6) Total (a) $ 1.6 $ 9.5 $ 11.6 $ 5.9 $ 14.4 $ (39.7) (In millions) Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Total amount of income (expense) presented in the condensed consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Other income (expense), net Revenue Cost of sales Other income (expense), net Amounts reclassified from accumulated OCI to income (loss) $ (8.3) $ 13.5 $ 12.7 $ (9.0) $ 22.4 $ (6.0) Amounts excluded from effectiveness testing 22.3 (13.1) 14.2 15.1 (27.4) 69.8 Total cash flow hedge gain (loss) recognized in income 14.0 0.4 26.9 6.1 (5.0) 63.8 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.7) 0.3 (22.4) (0.1) (0.8) (33.1) Total (a) $ 13.3 $ 0.7 $ 4.5 $ 6.0 $ (5.8) $ 30.7 (a) The total effect of cash flow hedge accounting on selling, general and administrative expense is not material for the three and nine months ended September 30, 2024 and 2023. 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, 2024 and December 31, 2023, we had no collateralized derivative contracts. The following tables present both gross and net information of recognized derivative instruments: September 30, 2024 December 31, 2023 (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 $ 300.5 $ (157.9) $ 142.6 $ 213.8 $ (103.4) $ 110.4 Derivative liabilities $ 292.6 $ (157.9) $ 134.7 $ 204.7 $ (103.4) $ 101.3

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
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, 2024 December 31, 2023 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities $ 27.0 $ 27.0 $ — $ — $ 24.3 $ 24.3 $ — $ — Money market and stable value funds 2.7 — 2.3 — 2.1 — 1.7 — Derivative financial instruments Foreign exchange contracts 300.5 — 300.5 — 213.8 — 213.8 — Total assets $ 330.2 $ 27.0 $ 302.8 $ — $ 240.2 $ 24.3 $ 215.5 $ — Liabilities Derivative financial instruments Foreign exchange contracts 292.6 — 292.6 — 204.7 — 204.7 — Total liabilities $ 292.6 $ — $ 292.6 $ — $ 204.7 $ — $ 204.7 $ — 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. 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 17 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 $693.9 million and $683.4 million as of September 30, 2024 and December 31, 2023, respectively. Credit risk - By their nature, financial instruments involve risk, including credit risk, for non-performance by counterparties. Financial instruments that potentially subject us to credit risk primarily consist of trade receivables and derivative contracts. We manage the credit risk on financial instruments by transacting only with what management believes are financially secure counterparties, requiring credit approvals and credit limits and monitoring counterparties’ financial condition. Our maximum exposure to credit loss in the event of non-performance by the counterparty is limited to the amount drawn and outstanding on the financial instrument. Allowances for losses on trade receivables are established based on collectability assessments. We mitigate credit risk on derivative contracts by executing contracts only with counterparties that consent to a master netting agreement, which permits the net settlement of gross derivative assets against gross derivative liabilities.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On October 23, 2024, the Company announced that its Board of Directors authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on November 19, 2024. The ex-dividend date is November 19, 2024. The Board of Directors also authorized additional share repurchase of up to $1.0 billion. Together with the existing program, the Company’s remaining authorization allows for repurchases up to $1.2 billion, representing more than 10% of the Company’s outstanding shares as of October 23, 2024.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	9 Months Ended
	Sep. 30, 2024
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, 2023. 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, 2024. Certain prior period amounts have been reclassified to conform to the current period’s presentation.
Recently Issued Accounting Standards under GAAP	Recently Issued Accounting Standards under GAAP In November 2023, the Financial Accounting Standards Board (“the FASB”) issued ASU 2023-07, “Improvements to Reportable Segment Disclosures,” which requires incremental disclosures about a public entity’s reportable segments but does not change the definition of a segment or the guidance for determining reportable segments. The new guidance requires disclosure of significant segment expenses that are (1) regularly provided to (or easily computed from information regularly provided to) the chief operating decision maker and (2) included in the reported measure of segment profit or loss. The new standard also allows companies to disclose multiple measures of segment profit or loss if those measures are used to assess performance and allocate resources. We expect to adopt the new disclosures as required for the year ended December 31, 2024 and in 2025 for interim periods. We are currently evaluating the impact of this standard on the related disclosures. In December 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures,” which requires significant additional disclosures about income taxes, primarily focused on the disclosure of income taxes paid and the rate reconciliation table. The new guidance will be applied prospectively (with retrospective application permitted) and is effective in the 2025 annual period and in 2026 for interim periods, with early adoption permitted. We are currently evaluating the impact of this standard on the related disclosures. On March 6, 2024, the SEC issued their final rule “The Enhancement and Standardization of Climate-Related Disclosures for Investors” designed to enhance public company disclosures related to the risks and impacts of climate-related matters. The final rule includes disclosures relating to climate-related risks and risk management as well as the board and management’s governance of such risks. In addition, the rule includes requirements to disclose the financial effects of severe weather events and other natural conditions in the audited financial statements. On April 4, 2024, the SEC stayed its climate disclosure rule to “facilitate the orderly judicial resolution” of pending legal challenges. We are currently evaluating the impact of this rule on our disclosures. We assessed ASUs and disclosure requirements 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 (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 and 2023: Reportable Segments Three Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 761.2 $ 28.8 $ 653.1 $ 29.8 Europe and Central Asia 546.9 31.5 520.0 54.8 North America 237.9 114.8 269.2 137.5 Africa 274.9 8.3 187.6 15.2 Asia Pacific 204.9 23.2 77.1 23.5 Middle East 2.3 113.7 1.3 87.8 Total revenue $ 2,028.1 $ 320.3 $ 1,708.3 $ 348.6 Reportable segments Nine Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Latin America $ 2,021.6 $ 82.4 $ 1,652.4 $ 90.5 Europe and Central Asia 1,532.1 95.7 1,419.0 150.0 North America 1,004.1 363.6 771.3 433.8 Africa 791.6 36.0 614.2 35.9 Asia Pacific 419.8 66.8 208.8 58.9 Middle East 2.8 299.5 48.6 263.1 Total revenue $ 5,772.0 $ 944.0 $ 4,714.3 $ 1,032.2 The following tables present total revenue by contract type for each reportable segment for the three and nine months ended September 30, 2024 and 2023: Reportable Segments Three Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 1,438.3 $ 53.4 $ 1,126.0 $ 54.7 Products 574.2 219.3 542.6 250.5 Lease 15.6 47.6 39.7 43.4 Total revenue $ 2,028.1 $ 320.3 $ 1,708.3 $ 348.6 Reportable segments Nine Months Ended September 30, 2024 September 30, 2023 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 3,911.1 $ 152.1 $ 2,937.5 $ 160.7 Products 1,807.5 660.1 1,711.7 735.3 Lease 53.4 131.8 65.1 136.2 Total revenue $ 5,772.0 $ 944.0 $ 4,714.3 $ 1,032.2
Schedule of Contract Balances	The following table provides information about net contract assets (liabilities) as of September 30, 2024 and December 31, 2023: (In millions) September 30, December 31, Contract assets $ 1,140.8 $ 1,010.1 Contract liabilities (1,513.4) (1,485.8) Net contract liabilities $ (372.6) $ (475.7)
Schedule of Remaining Revenue Performance Obligations	The following table details the order backlog for each business segment as of September 30, 2024: (In millions) 2024 2025 Thereafter Subsea $ 1,547.1 $ 5,479.9 $ 6,705.1 Surface Technologies 230.2 370.0 366.6 Total order backlog $ 1,777.3 $ 5,849.9 $ 7,071.7

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 2024 2023 Segment revenue Subsea $ 2,028.1 $ 1,708.3 $ 5,772.0 $ 4,714.3 Surface Technologies 320.3 348.6 944.0 1,032.2 Total segment revenue $ 2,348.4 $ 2,056.9 $ 6,716.0 $ 5,746.5 Segment operating profit Subsea $ 288.8 $ 177.7 $ 723.1 $ 397.9 Surface Technologies (a) 33.7 33.3 167.7 81.4 Total segment operating profit $ 322.5 $ 211.0 $ 890.8 $ 479.3 Corporate items Corporate expens e (b) $ (31.1) $ (24.7) $ (87.0) $ (205.6) Net interest expense (15.9) (26.7) (50.0) (75.7) Foreign exchange losses (3.1) (46.4) (25.3) (92.6) Total corporate items $ (50.1) $ (97.8) $ (162.3) $ (373.9) Income before income taxes (c) $ 272.4 $ 113.2 $ 728.5 $ 105.4 (a) Includes the gain on disposal of MSB for the nine months ended September 30, 2024, see Note 3 (b) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits. For the nine months ended September 30, 2023, corporate expense includes a non-recurring legal settlement charge of $126.5 million. (c)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Number of Shares Used for the Basic and Diluted Earnings (Loss) Per Share	A reconciliation of the number of shares used for the basic and diluted earnings per share calculation was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2024 2023 2024 2023 Net income attributable to TechnipFMC plc $ 274.6 $ 90.0 $ 618.2 $ 3.2 Weighted average number of shares outstanding 428.3 436.9 430.7 439.7 Dilutive effect of restricted stock units 4.2 5.3 4.4 5.6 Dilutive effect of stock options 0.3 — 0.2 — Dilutive effect of performance shares 6.0 8.1 6.6 7.6 Total shares and dilutive securities 438.8 450.3 441.9 452.9 Basic and diluted earnings per share attributable to TechnipFMC plc: Earnings per share attributable to TechnipFMC plc Basic $ 0.64 $ 0.21 $ 1.44 $ 0.01 Diluted $ 0.63 $ 0.20 $ 1.40 $ 0.01

RECEIVABLES (Tables)

RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 December 31, 2023 (In millions) Credit rating Year of origination Balance Credit rating Year of origination Balance Loans receivables and other Moody’s rating Aa3 - Ba2 2020-2023 $ 139.3 Moody’s rating A3 -Ba2 2020-2023 $ 138.1 Debt securities at amortized cost — Moody’s rating B3 2021 1.4 Total financial assets $ 139.3 $ 139.5
Schedule of Financing Receivable, Allowance for Credit Loss	The table below shows the roll forward of allowance for credit losses as of September 30, 2024 and 2023, respectively. Balance as of September 30, 2024 (In millions) Trade receivables Contract assets Loan receivables and other Allowance for credit losses at December 31, 2023 $ 34.4 $ 1.4 $ 2.3 Current period provision (release) for expected credit losses 25.4 (0.1) 7.3 Recoveries (0.2) — — Allowance for credit losses at September 30, 2024 $ 59.6 $ 1.3 $ 9.6 Balance as of September 30, 2023 (In millions) Trade receivables Contract assets Loans receivable and other Allowance for credit losses at December 31, 2022 $ 34.1 $ 1.1 $ 0.5 Current period provision (release) for expected credit losses 2.1 0.5 (0.1) Recoveries (0.5) — — Allowance for credit losses at September 30, 2023 $ 35.7 $ 1.6 $ 0.4

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2024
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 $ 420.4 $ 401.3 Work in process 194.5 148.2 Finished goods 527.5 550.8 Inventories, net $ 1,142.4 $ 1,100.3

OTHER CURRENT ASSETS & OTHER _2

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
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 $ 163.9 $ 196.0 Prepaid expenses 102.3 83.5 Withholding tax and other receivables 80.5 96.8 Current financial assets at amortized cost 25.3 9.1 Other 38.0 28.6 Total other current assets $ 410.0 $ 414.0
Schedule of Other Current Liabilities	Other current liabilities consisted of the following: (In millions) September 30, December 31, Compensation accrual $ 119.0 $ 136.2 Social security liability 77.9 81.9 Warranty accruals and project contingencies 63.3 60.9 Value-added tax and other taxes payable 60.0 78.5 Legal provisions 58.9 57.7 Other provisions 13.3 16.2 Current portion of accrued pension and other post-retirement benefits 4.6 4.4 Legal settlement liability (a) — 171.1 Other accrued liabilities 148.5 141.1 Total other current liabilities $ 545.5 $ 748.0 (a) See Note 15

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Debt consisted of the following: (In millions) September 30, December 31, 5.75% 2020 Private Placement Notes due 2025 $ 224.0 $ 221.0 6.50% Senior notes due 2026 202.9 202.9 4.00% 2012 Private Placement Notes due 2027 84.0 82.9 4.00% 2012 Private Placement Notes due 2032 112.0 110.5 3.75% 2013 Private Placement Notes due 2033 112.0 110.5 Bank borrowings and other 238.5 347.6 Unamortized debt issuance costs and discounts (6.7) (8.1) Total debt $ 966.7 $ 1,067.3 Less: current borrowings 310.4 153.8 Long-term debt $ 656.3 $ 913.5

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive income (loss) for three and nine months ended September 30, 2024 and 2023 consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other June 30, 2024 $ (1,262.1) $ (41.0) $ (135.2) $ (1,438.3) $ (6.2) Other comprehensive income (loss) before reclassifications, net of tax 46.9 41.0 (7.0) 80.9 — Reclassification adjustment for net (gains) losses included in net income (loss), net of tax — (5.9) 1.2 (4.7) — Other comprehensive income (loss), net of tax 46.9 35.1 (5.8) 76.2 — September 30, 2024 $ (1,215.2) $ (5.9) $ (141.0) $ (1,362.1) $ (6.2) 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, 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) (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2023 $ (1,120.5) $ 20.9 $ (142.4) $ (1,242.0) $ (6.0) Other comprehensive loss before reclassifications, net of tax (105.2) (14.1) (3.7) (123.0) (0.2) Reclassification adjustment for net (gains) losses included in net income (loss), net of tax 10.5 (12.7) 5.1 2.9 — Other comprehensive income (loss), net of tax (94.7) (26.8) 1.4 (120.1) (0.2) September 30, 2024 $ (1,215.2) $ (5.9) $ (141.0) $ (1,362.1) $ (6.2) 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)
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) 2024 2023 2024 2023 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Condensed Consolidated Statements of Income Release of CTA income (loss) 0.0 — (10.5) 0.1 Other income (expense), net $ — $ — $ (10.5) $ 0.1 Net income Gains (losses) on hedging instruments Foreign exchange contracts $ (6.6) $ (0.5) $ (8.3) $ (9.0) Revenue 10.6 21.7 13.5 22.4 Cost of sales 4.2 (2.2) 12.7 (6.7) Other income (expense), net 8.2 19.0 17.9 6.7 Income before income taxes 2.3 6.6 5.2 2.9 Provision for income taxes $ 5.9 $ 12.4 $ 12.7 $ 3.8 Net income Pension and other post-retirement benefits Amortization of prior service credit (cost) $ (0.1) $ (0.1) $ (0.2) $ (0.2) Other income (expense), net (a) Amortization of net actuarial loss (4.1) (2.7) (9.2) (5.1) Other income (expense), net (a) Reclassification adjustment for net gain included in net income — — 2.3 — Other income (expense), net (a) (4.2) (2.8) (7.1) (5.3) Loss before income taxes (3.0) (0.5) (2.0) 1.5 Provision (benefit) for income taxes $ (1.2) $ (2.3) $ (5.1) $ (6.8) Net 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, 2024
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) $ 137.7 $ 231.9 Performance guarantees (b) 1,837.9 1,821.7 Maximum potential undiscounted payments $ 1,975.6 $ 2,053.6 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability, or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a 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, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of September 30, 2024, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Australian dollar 312.7 216.5 Brazilian real 1,274.2 233.9 British pound 12.4 16.6 Canadian dollar 29.3 21.7 Euro 930.2 1,041.6 Indonesian rupiah (552,548.4) (36.5) Malaysian ringgit 134.7 32.7 Norwegian krone 3,265.5 310.7 Singapore dollar 77.1 60.2 Czech koruna 264.9 11.8 Swedish krona 47.5 4.7 Polish zloty 62.1 16.2 U.S. dollar (1,914.2) (1,914.2) Foreign exchange rate instruments embedded in purchase and sale contracts - The purpose of these instruments is to match offsetting currency payments and receipts for particular projects or comply with government restrictions on the currency used to purchase goods in certain countries. As of September 30, 2024, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 20.8 3.8 Euro (6.1) (6.8) Norwegian krone (4.9) (0.5) U.S. dollar 3.2 3.2
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, 2024 December 31, 2023 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 139.2 $ 99.9 $ 183.5 $ 167.9 Long-term - Derivative financial instruments 143.5 169.4 30.4 24.8 Total derivatives designated as hedging instruments 282.7 269.3 213.9 192.7 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 17.8 $ 23.2 $ (0.1) $ 12.0 Long-term - Derivative financial instruments — 0.1 — — Total derivatives not designated as hedging instruments 17.8 23.3 (0.1) 12.0 Total derivatives $ 300.5 $ 292.6 $ 213.8 $ 204.7
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 September 30, Nine Months Ended September 30, (In millions) 2024 2023 2024 2023 Foreign exchange contracts $ 46.3 $ 1.4 $ (24.2) $ (16.3)
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, 2024 and 2023: (In millions) Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Total amount of income (expense) presented in the condensed consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Other income (expense), net Revenue Cost of sales Other income (expense), net Amounts reclassified from accumulated OCI to income (loss) $ (6.6) $ 10.6 $ 4.2 $ (0.6) $ 21.7 $ (1.6) Amounts excluded from effectiveness testing 9.5 (1.4) 0.2 6.5 (6.8) (8.5) Total cash flow hedge gain (loss) recognized in income 2.9 9.2 4.4 5.9 14.9 (10.1) Gain (loss) recognized in income on derivatives not designated as hedging instruments (1.3) 0.3 7.2 — (0.5) (29.6) Total (a) $ 1.6 $ 9.5 $ 11.6 $ 5.9 $ 14.4 $ (39.7) (In millions) Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Total amount of income (expense) presented in the condensed consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Other income (expense), net Revenue Cost of sales Other income (expense), net Amounts reclassified from accumulated OCI to income (loss) $ (8.3) $ 13.5 $ 12.7 $ (9.0) $ 22.4 $ (6.0) Amounts excluded from effectiveness testing 22.3 (13.1) 14.2 15.1 (27.4) 69.8 Total cash flow hedge gain (loss) recognized in income 14.0 0.4 26.9 6.1 (5.0) 63.8 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.7) 0.3 (22.4) (0.1) (0.8) (33.1) Total (a) $ 13.3 $ 0.7 $ 4.5 $ 6.0 $ (5.8) $ 30.7 (a)
Schedule of Derivative Assets, Gross and Net	The following tables present both gross and net information of recognized derivative instruments: September 30, 2024 December 31, 2023 (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 $ 300.5 $ (157.9) $ 142.6 $ 213.8 $ (103.4) $ 110.4 Derivative liabilities $ 292.6 $ (157.9) $ 134.7 $ 204.7 $ (103.4) $ 101.3
Schedule of Derivative Liabilities, Gross and Net	The following tables present both gross and net information of recognized derivative instruments: September 30, 2024 December 31, 2023 (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 $ 300.5 $ (157.9) $ 142.6 $ 213.8 $ (103.4) $ 110.4 Derivative liabilities $ 292.6 $ (157.9) $ 134.7 $ 204.7 $ (103.4) $ 101.3

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 December 31, 2023 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Equity securities $ 27.0 $ 27.0 $ — $ — $ 24.3 $ 24.3 $ — $ — Money market and stable value funds 2.7 — 2.3 — 2.1 — 1.7 — Derivative financial instruments Foreign exchange contracts 300.5 — 300.5 — 213.8 — 213.8 — Total assets $ 330.2 $ 27.0 $ 302.8 $ — $ 240.2 $ 24.3 $ 215.5 $ — Liabilities Derivative financial instruments Foreign exchange contracts 292.6 — 292.6 — 204.7 — 204.7 — Total liabilities $ 292.6 $ — $ 292.6 $ — $ 204.7 $ — $ 204.7 $ —

DISPOSAL OF MEASUREMENT SOLUT_2

DISPOSAL OF MEASUREMENT SOLUTIONS BUSINESS AND OTHER TRANSACTIONS (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
	Mar. 11, 2024	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Nov. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction costs		$ 3.8		$ 4.3	$ 11.2	$ 10
Proceeds from sale of Measurement Solutions business					186.1	0
Gain on disposal	$ 75.2	$ 0		$ 0	$ 75.2	$ 0
Disposal Group, Held-for-Sale, Not Discontinued Operations | Measurement Solutions Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration							$ 205
Transaction costs			$ 5.2
Proceeds from sale of Measurement Solutions business	$ 186.1

REVENUE - Schedule of Disaggreg

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Lease revenue	$ 63.2	$ 83.1	$ 185.2	$ 201.3
Total revenue	2,348.4	2,056.9	6,716	5,746.5
Services
Disaggregation of Revenue [Line Items]
Revenue	1,491.7	1,180.7	4,063.2	3,098.2
Products
Disaggregation of Revenue [Line Items]
Revenue	793.5	793.1	2,467.6	2,447
Subsea
Disaggregation of Revenue [Line Items]
Lease revenue	15.6	39.7	53.4	65.1
Total revenue	2,028.1	1,708.3	5,772	4,714.3
Subsea | Services
Disaggregation of Revenue [Line Items]
Revenue	1,438.3	1,126	3,911.1	2,937.5
Subsea | Products
Disaggregation of Revenue [Line Items]
Revenue	574.2	542.6	1,807.5	1,711.7
Subsea | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	761.2	653.1	2,021.6	1,652.4
Subsea | Europe and Central Asia
Disaggregation of Revenue [Line Items]
Total revenue	546.9	520	1,532.1	1,419
Subsea | North America
Disaggregation of Revenue [Line Items]
Total revenue	237.9	269.2	1,004.1	771.3
Subsea | Africa
Disaggregation of Revenue [Line Items]
Total revenue	274.9	187.6	791.6	614.2
Subsea | Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue	204.9	77.1	419.8	208.8
Subsea | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	2.3	1.3	2.8	48.6
Surface Technologies
Disaggregation of Revenue [Line Items]
Lease revenue	47.6	43.4	131.8	136.2
Total revenue	320.3	348.6	944	1,032.2
Surface Technologies | Services
Disaggregation of Revenue [Line Items]
Revenue	53.4	54.7	152.1	160.7
Surface Technologies | Products
Disaggregation of Revenue [Line Items]
Revenue	219.3	250.5	660.1	735.3
Surface Technologies | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	28.8	29.8	82.4	90.5
Surface Technologies | Europe and Central Asia
Disaggregation of Revenue [Line Items]
Total revenue	31.5	54.8	95.7	150
Surface Technologies | North America
Disaggregation of Revenue [Line Items]
Total revenue	114.8	137.5	363.6	433.8
Surface Technologies | Africa
Disaggregation of Revenue [Line Items]
Total revenue	8.3	15.2	36	35.9
Surface Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue	23.2	23.5	66.8	58.9
Surface Technologies | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	$ 113.7	$ 87.8	$ 299.5	$ 263.1

REVENUE - Schedule of Contract

REVENUE - Schedule of Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Contract assets	$ 1,140.8		$ 1,140.8		$ 1,010.1
Contract liabilities	(1,513.4)		(1,513.4)		(1,485.8)
Net contract liabilities	(372.6)		(372.6)		$ (475.7)
Contract with customer, liability, revenue recognized	(144.1)	$ 90.3	992.3	$ 592.9
Favorable impacts of net revenue recognized	$ (1.2)		18
Unfavorable impacts of net revenue recognized		$ 8.8		$ 12.5
One Project
Disaggregation of Revenue [Line Items]
Favorable impacts of net revenue recognized			90.7
Unfavorable impacts of net revenue recognized			$ 72.7

REVENUE - Schedule of Remaining

REVENUE - Schedule of Remaining Revenue Performance Obligations (Details) $ in Millions	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, total amount	$ 14,700
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	12.10%
Revenue, remaining performance obligation, amount	$ 1,777.3
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,547.1
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 230.2
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
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, percentage	87.90%
Revenue, remaining performance obligation, amount	$ 5,849.9
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 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 5,479.9
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 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 370
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 7,071.7
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 6,705.1
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 366.6
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, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information
Total segment revenue	$ 2,348.4	$ 2,056.9	$ 6,716	$ 5,746.5
Total segment operating profit	322.5	211	890.8	479.3
Total corporate items	(50.1)	(97.8)	(162.3)	(373.9)
Loss before income taxes	272.4	113.2	728.5	105.4
Litigation settlement charge		126.5		126.5
Subsea
Segment Reporting Information
Total segment revenue	2,028.1	1,708.3	5,772	4,714.3
Surface Technologies
Segment Reporting Information
Total segment revenue	320.3	348.6	944	1,032.2
Operating Segments | Subsea
Segment Reporting Information
Total segment revenue	2,028.1	1,708.3	5,772	4,714.3
Total segment operating profit	288.8	177.7	723.1	397.9
Operating Segments | Surface Technologies
Segment Reporting Information
Total segment revenue	320.3	348.6	944	1,032.2
Total segment operating profit	33.7	33.3	167.7	81.4
Corporate
Segment Reporting Information
Corporate expense	(31.1)	(24.7)	(87)	(205.6)
Net interest expense	(15.9)	(26.7)	(50)	(75.7)
Foreign exchange losses	$ (3.1)	$ (46.4)	$ (25.3)	$ (92.6)

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of Number of Shares Used for Basic and Diluted Earnings Per Share ("EPS") Calculation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share
Net income attributable to TechnipFMC plc	$ 274.6	$ 90	$ 618.2	$ 3.2
Weighted Average Number of Shares Outstanding, Diluted, Adjustment [Abstract]
Weighted average number of shares outstanding (in shares)	428.3	436.9	430.7	439.7
Total shares and dilutive securities (in shares)	438.8	450.3	441.9	452.9
Earnings per share attributable to TechnipFMC plc
Basic (usd per share)	$ 0.64	$ 0.21	$ 1.44	$ 0.01
Diluted (usd per share)	$ 0.63	$ 0.20	$ 1.40	$ 0.01
Restricted share units
Weighted Average Number of Shares Outstanding, Diluted, Adjustment [Abstract]
Dilutive effect of restricted stock units (in shares)	4.2	5.3	4.4	5.6
Share option awards
Weighted Average Number of Shares Outstanding, Diluted, Adjustment [Abstract]
Dilutive effect of restricted stock units (in shares)	0.3	0	0.2	0
Performance shares
Weighted Average Number of Shares Outstanding, Diluted, Adjustment [Abstract]
Dilutive effect of restricted stock units (in shares)	6	8.1	6.6	7.6

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based compensation awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0.8	0.1	1.4

RECEIVABLES - Schedule of Finan

RECEIVABLES - Schedule of Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023	$ 139.3	$ 139.5
Moody’s rating Aa3 - Ba2
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023	139.3
Moody’s rating A3 -Ba2
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023		138.1
Moody’s rating B3
Financing Receivable, Allowance for Credit Loss [Line Items]
Financial assets originated 2020 - 2023	$ 0	$ 1.4

RECEIVABLES - Schedule of Fin_2

RECEIVABLES - Schedule of Financing Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Trade receivables
Beginning balance	$ 34.4	$ 34.1
Current period provision (release) for expected credit losses	25.4	2.1
Recoveries	(0.2)	(0.5)
Ending balance	59.6	35.7
Contract assets
Beginning balance	1.4	1.1
Current period provision (release) for expected credit losses	(0.1)	0.5
Recoveries	0	0
Ending balance	1.3	1.6
Loans receivable and other
Beginning balance	2.3	0.5
Current period provision (release) for expected credit losses	7.3	(0.1)
Recoveries	0	0
Ending balance	$ 9.6	$ 0.4

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 420.4	$ 401.3
Work in process	194.5	148.2
Finished goods	527.5	550.8
Inventories, net	$ 1,142.4	$ 1,100.3

OTHER CURRENT ASSETS & OTHER _3

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Schedule of Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other Current Assets and Other Current Liabilities [Abstract]
Value-added tax receivables	$ 163.9	$ 196
Prepaid expenses	102.3	83.5
Withholding tax and other receivables	80.5	96.8
Current financial assets at amortized cost	25.3	9.1
Other	38	28.6
Total other current assets	$ 410	$ 414

OTHER CURRENT ASSETS & OTHER _4

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other Current Assets and Other Current Liabilities [Abstract]
Compensation accrual	$ 119	$ 136.2
Social security liability	77.9	81.9
Warranty accruals and project contingencies	63.3	60.9
Value-added tax and other taxes payable	60	78.5
Legal provisions	58.9	57.7
Other provisions	13.3	16.2
Current portion of accrued pension and other post-retirement benefits	4.6	4.4
Legal settlement liability	0	171.1
Other accrued liabilities	148.5	141.1
Total other current liabilities	$ 545.5	$ 748

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2023
Schedule of Equity Method Investments
Income from equity affiliates	$ 8.4	$ 20.6	$ 12.4	$ 35.9
Dofcon Brasil AS
Schedule of Equity Method Investments
Equity method investment, ownership percentage	50%		50%		50%
Dividends declared						$ 170
Guarantor obligations, current carrying value	$ 336.5		$ 336.5
Dofcon Brasil AS | DOF
Schedule of Equity Method Investments
Equity method investment, ownership percentage	50%		50%
Techdof Brasil AS | Dofcon Brasil AS
Schedule of Equity Method Investments
Equity method investment, ownership percentage	100%		100%
Dofcon | Dofcon Brasil AS
Schedule of Equity Method Investments
Equity method investment, ownership percentage	100%		100%

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - DOF - Related Party - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Loan receivables	$ 85		$ 85		$ 85
Interest income	$ 1.9	$ 0	$ 5.4	$ 0

DEBT - Schedule of Long-Term De

DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Jan. 29, 2021
Debt Instrument
Unamortized debt issuance costs and discounts	$ (6.7)	$ (8.1)
Total debt	966.7	1,067.3
Less: current borrowings	310.4	153.8
Long-term debt	$ 656.3	$ 913.5
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	$ 224	$ 221
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	$ 84	$ 82.9
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	$ 112	$ 110.5
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	$ 112	$ 110.5
Senior Notes | 6.50% Senior notes due 2026
Debt Instrument
Interest rate, stated percentage (in percent)	6.50%	6.50%	6.50%
Long-term debt, gross	$ 202.9	$ 202.9
Bank borrowings and other
Debt Instrument
Long-term debt, gross	$ 238.5	$ 347.6

DEBT - Credit Facilities and De

DEBT - Credit Facilities and Debt (Details) - USD ($)	Jun. 30, 2024	Apr. 24, 2023	Feb. 16, 2021	Sep. 30, 2024	Dec. 31, 2023	Jan. 29, 2021
Senior Notes | 6.50% Senior notes due 2026
Line of Credit Facility
Debt issuance costs						$ 25,700,000
Debt instrument face amount						$ 1,000,000,000
Interest rate, stated percentage (in percent)				6.50%	6.50%	6.50%
Revolving credit facility | Term Benchmark loans
Line of Credit Facility
Debt instrument, basis spread on variable rate (percent)	1.50%
Revolving credit facility | Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate (percent)	0.50%
Revolving credit facility | Letter of Credit
Line of Credit Facility
Maximum borrowing capacity			$ 450,000,000
Letters of credit outstanding amount				$ 0
Line of credit facility borrowing capacity				$ 1,250,000,000
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		$ 16,700,000	$ 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

STOCKHOLDERS_ EQUITY - Narrativ

STOCKHOLDERS’ EQUITY - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended	27 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2024	Jul. 26, 2023	Jul. 31, 2022
Stockholders' Equity Note [Abstract]
Common stock, dividends (in usd per share)		$ 0.05
Dividends payable (in dollars per share)					$ 0.20
Dividends paid	$ 21.5		$ 64.7
Stock repurchase program, authorized amount					$ 800	$ 400
Stock repurchase program, increase in authorized amount					$ 400
Treasury stock, value, acquired, par value method	80		330.1	$ 635.4
Stock repurchase program, remaining authorized repurchase amount	$ 164.6		$ 164.6	$ 164.6
Stock repurchase program, remaining shares authorized to be repurchased (in shares)	6.3		6.3	6.3

STOCKHOLDERS_ EQUITY -Schedule

STOCKHOLDERS’ EQUITY -Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 3,009.6	$ 3,131.2	$ 3,172.1	$ 3,276.7
Other comprehensive income (loss), net of tax	76	(54.5)	(120.3)	(16.2)
Ending balance	3,299.2	3,110	3,299.2	3,110
Accumulated Other Comprehensive  Loss Attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,438.3)	(1,260.2)	(1,242)	(1,301.7)
Other comprehensive income (loss) before reclassifications, net of tax	80.9	(51.4)	(123)	(22.9)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	(4.7)	(10.1)	2.9	2.9
Other comprehensive income (loss), net of tax	76.2	(61.5)	(120.1)	(20)
Ending balance	(1,362.1)	(1,321.7)	(1,362.1)	(1,321.7)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,262.1)	(1,124.6)	(1,120.5)	(1,177.7)
Other comprehensive income (loss) before reclassifications, net of tax	46.9	(57.6)	(105.2)	(4.4)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	0	0	10.5	(0.1)
Other comprehensive income (loss), net of tax	46.9	(57.6)	(94.7)	(4.5)
Ending balance	(1,215.2)	(1,182.2)	(1,215.2)	(1,182.2)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(41)	(33.4)	20.9	(17.1)
Other comprehensive income (loss) before reclassifications, net of tax	41	5.7	(14.1)	(19.2)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	(5.9)	(12.4)	(12.7)	(3.8)
Other comprehensive income (loss), net of tax	35.1	(6.7)	(26.8)	(23)
Ending balance	(5.9)	(40.1)	(5.9)	(40.1)
Defined Pension  and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(135.2)	(102.2)	(142.4)	(106.9)
Other comprehensive income (loss) before reclassifications, net of tax	(7)	0.5	(3.7)	0.7
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	1.2	2.3	5.1	6.8
Other comprehensive income (loss), net of tax	(5.8)	2.8	1.4	7.5
Ending balance	(141)	(99.4)	(141)	(99.4)
Accumulated Other Comprehensive Loss Attributable to Non-Controlling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(6.2)	(13)	(6)	(9.8)
Other comprehensive income (loss) before reclassifications, net of tax	0	7	(0.2)	3.8
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax	0	0	0	0
Other comprehensive income (loss), net of tax	0	7	(0.2)	3.8
Ending balance	$ (6.2)	$ (6)	$ (6.2)	$ (6)

STOCKHOLDERS_ EQUITY - Schedule

STOCKHOLDERS’ EQUITY - Schedule of Reclassification out of accumulated other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	$ (7.3)	$ (41.5)	$ (63.7)	$ (225.1)
Revenue	2,348.4	2,056.9	6,716	5,746.5
Loss before income taxes	272.4	113.2	728.5	105.4
Provision (benefit) for income taxes	(6)	19.5	102.9	100.2
Net income attributable to TechnipFMC plc	274.6	90	618.2	3.2
Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	0	0	(10.5)	0.1
Release of CTA income (loss) | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	0	0	(10.5)	0.1
Defined Pension  and Other Post-Retirement Benefits | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Loss before income taxes	(4.2)	(2.8)	(7.1)	(5.3)
Provision (benefit) for income taxes	(3)	(0.5)	(2)	1.5
Net income attributable to TechnipFMC plc	(1.2)	(2.3)	(5.1)	(6.8)
Amortization of prior service credit (cost) | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	(0.1)	(0.1)	(0.2)	(0.2)
Amortization of net actuarial loss | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	(4.1)	(2.7)	(9.2)	(5.1)
Reclassification adjustment for net gain included in net income | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	0	0	2.3	0
Cash Flow Hedging | Foreign exchange contracts | Gains (losses) on hedging instruments | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Other income (expense), net	4.2	(2.2)	12.7	(6.7)
Revenue	(6.6)	(0.5)	(8.3)	(9)
Cost of sales	10.6	21.7	13.5	22.4
Loss before income taxes	8.2	19	17.9	6.7
Provision (benefit) for income taxes	2.3	6.6	5.2	2.9
Net income attributable to TechnipFMC plc	$ 5.9	$ 12.4	$ 12.7	$ 3.8

SUPPLIER FINANCE PROGRAM OBLI_2

SUPPLIER FINANCE PROGRAM OBLIGATIONS (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Structured Finance
Supply Commitment [Line Items]
Amounts due suppliers of Supply Chain Finance program	$ 103.5	$ 132.9

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES - Narratives (Details) $ in Millions						3 Months Ended	9 Months Ended
	Jul. 10, 2024 EUR (€)	Apr. 08, 2024 EUR (€)	Jan. 15, 2024 EUR (€)	Jul. 13, 2023 EUR (€)	Jun. 22, 2023 EUR (€)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Guarantor Obligations
Legal settlement liability | $							$ 0		$ 171.1
CJIP
Guarantor Obligations
Litigation settlement, amount awarded to other party					€ 179,450,000
Non-recurring legal settlement charges | $						$ 126.5
Payments of scheduled installment	€ 51,600,000	€ 51,600,000	€ 51,600,000	€ 24,700,000
Legal settlement liability								€ 0
CJIP | Technip UK
Guarantor Obligations
Litigation settlement, amount awarded to other party					154,800,000
CJIP | Technip Energies France
Guarantor Obligations
Litigation settlement, amount awarded to other party					54,100,000
CJIP | Technip UK and Technip Energies France
Guarantor Obligations
Litigation settlement, amount awarded to other party					208,900,000
CJIP | Technip Energies
Guarantor Obligations
Litigation settlement, amount awarded to other party					€ 29,450,000
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, 2024	Dec. 31, 2023
Guarantor Obligations
Maximum potential undiscounted payments	$ 1,975.6	$ 2,053.6
Financial guarantees
Guarantor Obligations
Maximum potential undiscounted payments	137.7	231.9
Performance guarantees
Guarantor Obligations
Maximum potential undiscounted payments	$ 1,837.9	$ 1,821.7

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	(2.20%)	17.20%	14.10%	95.10%
Change in effective tax rate due to release of valuation allowances	$ 60.6

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Notional Amounts of Outstanding Derivative Positions (Details) - Sep. 30, 2024 € in Millions, £ in Millions, zł in Millions, kr in Millions, kr in Millions, Rp in Millions, RM in Millions, R$ in Millions, Kč in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions

AUD ($)

USD ($)

BRL (R$)

GBP (£)

CAD ($)

EUR (€)

IDR (Rp)

MYR (RM)

NOK (kr)

SGD ($)

CZK (Kč)

SEK (kr)

PLN (zł)

Foreign Exchange Forward | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

$ 312.7

R$ 1274.2

£ 12.4

$ 29.3

€ 930.2

RM 134.7

kr 3,265.5

$ 77.1

Kč 264.9

kr 47.5

zł 62.1

Foreign Exchange Forward | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

$ 1,914.2

Rp 552,548.4

Foreign Exchange Forward | Australian dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

216.5

Foreign Exchange Forward | Brazilian real | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

233.9

Foreign Exchange Forward | British pound | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

16.6

Foreign Exchange Forward | Canadian dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

21.7

Foreign Exchange Forward | Euro | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

1,041.6

Foreign Exchange Forward | Indonesian rupiah | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

36.5

Foreign Exchange Forward | Malaysian ringgit | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

32.7

Foreign Exchange Forward | Norwegian krone | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

310.7

Foreign Exchange Forward | Singapore dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

60.2

Foreign Exchange Forward | Czech koruna | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

11.8

Foreign Exchange Forward | Swedish krona | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

4.7

Foreign Exchange Forward | Polish zloty | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

16.2

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

Derivative [Line Items]

Derivative, notional amount

1,914.2

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

Derivative [Line Items]

Derivative, notional amount

3.8

R$ 20.8

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

Derivative [Line Items]

Derivative, notional amount

6.8

€ 6.1

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

Derivative [Line Items]

Derivative, notional amount

0.5

kr 4.9

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

Derivative [Line Items]

Derivative, notional amount

$ 3.2

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivatives, Fair Value
Derivative assets	$ 300.5		$ 300.5		$ 213.8
Derivative liabilities	292.6		292.6		204.7
Foreign exchange contracts | Cash Flow Hedging
Derivatives, Fair Value
Foreign exchange contracts	46.3	$ 1.4	(24.2)	$ (16.3)
Derivatives Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	282.7		282.7		213.9
Derivative liabilities	269.3		269.3		192.7
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	139.2		139.2		183.5
Derivative liabilities	99.9		99.9		167.9
Derivatives Designated As Hedging Instruments | Foreign exchange contracts | Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	143.5		143.5		30.4
Derivative liabilities	169.4		169.4		24.8
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	17.8		17.8		(0.1)
Derivative liabilities	23.3		23.3		12
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	17.8		17.8		(0.1)
Derivative liabilities	23.2		23.2		12
Derivatives Not Designated As Hedging Instruments | Foreign exchange contracts | Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	0		0		0
Derivative liabilities	$ 0.1		$ 0.1		$ 0

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Accumulated other comprehensive gains (losses) on forecasted transactions	$ 3,259.2	$ 3,136.7
Cash flow hedge gain expected to be reclassified within 12 months	21.7
Hedging
Derivative [Line Items]
Accumulated other comprehensive gains (losses) on forecasted transactions	$ (7.4)	$ 19.5

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	$ 2,348.4	$ 2,056.9	$ 6,716	$ 5,746.5
Other expense, net	(7.3)	(41.5)	(63.7)	(225.1)
Amount Reclassified out of Accumulated Other Comprehensive Income (Loss)
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Other expense, net	0	0	(10.5)	0.1
Foreign exchange contracts | Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (loss) recognized in income on derivatives not designated as hedging instruments	(1.3)	0	(0.7)	(0.1)
Total	1.6	5.9	13.3	6
Foreign exchange contracts | Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (loss) recognized in income on derivatives not designated as hedging instruments	0.3	(0.5)	0.3	(0.8)
Total	9.5	14.4	0.7	(5.8)
Foreign exchange contracts | Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Gain (loss) recognized in income on derivatives not designated as hedging instruments	7.2	(29.6)	(22.4)	(33.1)
Total	11.6	(39.7)	4.5	30.7
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	9.5	6.5	22.3	15.1
Total cash flow hedge gain (loss) recognized in income	2.9	5.9	14	6.1
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	(1.4)	(6.8)	(13.1)	(27.4)
Total cash flow hedge gain (loss) recognized in income	9.2	14.9	0.4	(5)
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	0.2	(8.5)	14.2	69.8
Total cash flow hedge gain (loss) recognized in income	4.4	(10.1)	26.9	63.8
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	(6.6)	(0.5)	(8.3)	(9)
Cost of sales	10.6	21.7	13.5	22.4
Other expense, net	$ 4.2	(2.2)	$ 12.7	(6.7)
Foreign exchange contracts | Cash Flow Hedging | Amount Reclassified out of Accumulated Other Comprehensive Income (Loss) | Hedging | As filed
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue		(0.6)		(9)
Cost of sales		21.7		22.4
Other expense, net		$ (1.6)		$ (6)

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Offsetting Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative assets
Gross Amount Recognized	$ 300.5	$ 213.8
Gross Amounts Not Offset, Permitted Under Master Netting Agreements	(157.9)	(103.4)
Net Amount	142.6	110.4
Derivative liabilities
Gross Amount Recognized	292.6	204.7
Gross Amounts Not Offset, Permitted Under Master Netting Agreements	(157.9)	(103.4)
Net Amount	$ 134.7	$ 101.3

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, 2024	Dec. 31, 2023
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	$ 142.6	$ 110.4
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	134.7	101.3
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Equity securities	27	24.3
Money market and stable value funds	2.7	2.1
Total assets	330.2	240.2
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	292.6	204.7
Fair Value, Measurements, Recurring | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	300.5	213.8
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	292.6	204.7
Fair Value, Measurements, Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Equity securities	27	24.3
Money market and stable value funds	0	0
Total assets	27	24.3
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 2
Assets, Fair Value Disclosure [Abstract]
Equity securities	0	0
Money market and stable value funds	2.3	1.7
Total assets	302.8	215.5
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	292.6	204.7
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	300.5	213.8
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	292.6	204.7
Fair Value, Measurements, Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Equity securities	0	0
Money market and stable value funds	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 - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Debt, fair value	$ 693.9	$ 683.4

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Oct. 23, 2024	Sep. 30, 2023	Sep. 30, 2024	Jul. 26, 2023
Subsequent Event [Line Items]
Common stock, dividends (in usd per share)		$ 0.05
Stock repurchase program, increase in authorized amount				$ 400
Stock repurchase program, remaining authorized repurchase amount			$ 164.6
Subsequent Event
Subsequent Event [Line Items]
Common stock, dividends (in usd per share)	$ 0.05
Stock repurchase program, increase in authorized amount	$ 1,000
Stock repurchase program, remaining authorized repurchase amount	$ 1,200
Remaining authorization as a percent of outstanding stock (percent)	10%