TechnipFMC (FTI) 10-Q29 Jul 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Jul. 25, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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	Hadrian House,Wincomblee Road
Entity Address, City or Town	Newcastle Upon Tyne
Entity Address, Country	GB
Entity Address, Postal Zip Code	NE6 3PL
Country Region	44
City Area Code	191
Local Phone Number	295-0303
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		452,211,536
Entity Central Index Key	0001681459
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Lease revenue	$ 60.1	$ 46.6	$ 105.1	$ 79.4
Total revenue	1,717.2	1,668.8	3,273	3,300.8
Costs and expenses
Cost of lease revenue	43.4	36.8	83.2	63
Selling, general and administrative expense	143.1	172.6	302.7	320.2
Research and development expense	11.5	19.2	26.1	35.7
Impairment, restructuring and other expenses	7.2	2	8.2	27.5
Total costs and expenses	1,640.2	1,636.3	3,185.6	3,267.1
Other income (expense), net	3	(1)	43.8	34.6
Income from equity affiliates	4.3	12.8	9.7	20.5
Income (loss) from investment in Technip Energies	0.8	(146.8)	(27.7)	323.3
Income (loss) before net interest expense and income taxes	85.1	(102.5)	113.2	412.1
Interest income	4	2.7	8	6.8
Interest expense	(31.7)	(37.9)	(69.6)	(76.5)
Loss on early extinguishment of debt	(29.8)	0	(29.8)	(23.5)
Income (loss) before income taxes	27.6	(137.7)	21.8	318.9
Provision for income taxes	19.8	34.9	48.3	59.4
Income (loss) from continuing operations	7.8	(172.6)	(26.5)	259.5
Net (income) from continuing operations attributable to non-controlling interests	(5.7)	(2.1)	(13.7)	(3.9)
Income (loss) from continuing operations attributable to TechnipFMC plc	2.1	(174.7)	(40.2)	255.6
Income (loss) from discontinued operations	0	7.7	(19.4)	(52.5)
Income from discontinued operations attributable to non-controlling interests	0	0	0	(1.9)
Net income (loss) attributable to TechnipFMC plc	$ 2.1	$ (167)	$ (59.6)	$ 201.2
Earnings Per Share, Basic and Diluted [Abstract]
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic (usd per share)	$ 0	$ (0.39)	$ (0.09)	$ 0.57
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Diluted (usd per share)	0	(0.39)	(0.09)	0.56
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc basic (usd per share)	0	0.02	(0.04)	(0.12)
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc diluted (usd per share)	0	0.02	(0.04)	(0.12)
Total earnings (loss) per share attributable to TechnipFMC plc Basic (usd per share)	0	(0.37)	(0.13)	0.45
Total earnings (loss) per share attributable to TechnipFMC plc Diluted (usd per share)	$ 0	$ (0.37)	$ (0.13)	$ 0.44
Weighted average shares outstanding (Note 6)
Basic (in shares)	452.2	450.6	451.6	450.4
Diluted (in shares)	456.8	450.6	451.6	454.9
Service revenue
Revenue
Revenue	$ 974.9	$ 913.4	$ 1,871.6	$ 1,739.6
Costs and expenses
Cost of product and service revenue	773.3	833.3	1,604.4	1,577.1
Products
Revenue
Revenue	682.2	708.8	1,296.3	1,481.8
Costs and expenses
Cost of product and service revenue	$ 661.7	$ 572.4	$ 1,161	$ 1,243.6

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss) attributable to TechnipFMC plc		$ 2.1	$ (167)	$ (59.6)	$ 201.2
Net (income) from continuing operations attributable to non-controlling interests		(5.7)	(2.1)	(13.7)	(3.9)
Income from discontinued operations attributable to non-controlling interests		0	0	0	(1.9)
Net income (loss) attributable to TechnipFMC plc, including non-controlling interests		7.8	(164.9)	(45.9)	207
Foreign currency translation adjustments
Foreign currency translation adjustments	[1]	(130)	83.5	(4.3)	55.4
Net gains (losses) on hedging instruments
Net losses arising during the period		(43.7)	2.5	(58.6)	(12)
Reclassification adjustment for net (gains) losses included in net income (loss)		5.4	4.7	11.8	2
Net gains (losses) on hedging instruments	[2]	(38.3)	7.2	(46.8)	(10)
Pension and other post-retirement benefits
Net gains (losses) arising during the period		(1.3)	(2.3)	(1.5)	1.2
Reclassification adjustment for amortization of prior service cost included in net income (loss)		0.1	0.2	0.2	0.3
Reclassification adjustment for amortization of net actuarial loss included in net income (loss)		3	4.8	6	9.6
Net pension and other postretirement benefits	[3]	1.8	2.7	4.7	11.1
Other comprehensive income (loss), net of tax		(166.5)	93.4	(46.4)	56.5
Comprehensive income		(158.7)	(71.5)	(92.3)	263.5
Comprehensive income attributable to non-controlling interest		(0.9)	(1.9)	(9.3)	(5.7)
Comprehensive income (loss) attributable to TechnipFMC plc		$ (159.6)	$ (73.4)	$ (101.6)	$ 257.8

[1]Net of income tax benefit of nil for the three and six months ended June 30, 2022 and 2021.[2]Net of income tax (expense) benefit of $(2.0) million and $(1.9) million for the three months ended June 30, 2022 and 2021, respectively, and $0.1 million and $3.0 million for the six months ended June 30, 2022 and 2021, respectively.[3]Net of income tax (expense) benefit of $(2.7) million and $(1.3) million for the three months ended June 30, 2022 and 2021, respectively, and $(3.1) million and $(3.4) million for the six months ended June 30, 2022 and 2021, respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax (expense) benefit	$ 0	$ 0	$ 0	$ 0
Net gains (losses) on hedging instruments, tax (expense) benefit	(2)	0.1	(1.9)	3
Net pension and other post-retirement benefits, tax (expense) benefit	$ (2.7)	$ (3.1)	$ (1.3)	$ (3.4)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 684.9	$ 1,327.4
Trade receivables, net of allowances of $37.2 in 2022 and $38.1 in 2021	1,097.8	911.9
Contract assets, net of allowances of $1.2 in 2022 and $1.1 in 2021	1,025	966
Inventories, net	1,067.1	1,031.9
Derivative financial instruments	213.4	110.3
Income taxes receivable	92.1	85
Advances paid to suppliers	51.1	79.4
Other current assets	503.2	512.3
Investment in Technip Energies	0	317.3
Total current assets	4,734.6	5,341.5
Investments in equity affiliates	301.9	292.4
Property, plant and equipment, net of accumulated depreciation of $2,352.5 in 2022 and $2,204.0 in 2021	2,391.3	2,597.2
Operating lease right-of-use assets	806.4	707.9
Finance lease right-of-use assets	51.3	52.2
Intangible assets, net of accumulated amortization of $620.9 in 2022 and $575.5 in 2021	761.4	813.7
Deferred income taxes	72.2	74.3
Derivative financial instruments	24.7	10.5
Other assets	143.3	130.4
Total assets	9,287.1	10,020.1
Liabilities and equity
Short-term debt and current portion of long-term debt	274	277.6
Operating lease liabilities	151.6	126.2
Finance lease liabilities	51.7	0.7
Accounts payable, trade	1,250.4	1,294.3
Contract liabilities	804.4	1,012.9
Accrued payroll	166.2	194.1
Derivative financial instruments	342	161
Income taxes payable	90.9	124.6
Other current liabilities	549.3	660.4
Total current liabilities	3,680.5	3,851.8
Long-term debt, less current portion	1,200.7	1,727.3
Operating lease liabilities, less current portion	717.6	646.8
Financing lease liabilities, less current portion	0	51.1
Deferred income taxes	48.5	47.5
Accrued pension and other post-retirement benefits, less current portion	98.8	113.4
Derivative financial instruments	53	15.5
Other liabilities	143.6	148.3
Total liabilities	5,942.7	6,601.7
Commitments and contingent liabilities
Stockholders’ equity (Note 13)
Ordinary shares, $1.00 par value; 618.3 shares authorized in 2022 and 2021; 452.2 shares and 450.7 shares issued and outstanding in 2022 and 2021, respectively	452.2	450.7
Capital in excess of par value of ordinary shares	9,178.2	9,160.8
Accumulated deficit	(4,964)	(4,903.8)
Accumulated other comprehensive loss	(1,347)	(1,305)
Total TechnipFMC plc stockholders’ equity	3,319.4	3,402.7
Non-controlling interests	25	15.7
Total equity	3,344.4	3,418.4
Total liabilities and equity	$ 9,287.1	$ 10,020.1

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Receivables, allowances	$ 37.2	$ 38.1
Allowance for contract assets	1.2	1.1
Property, plant and equipment, accumulated depreciation	2,352.5	2,204
Intangible assets, accumulated amortization	$ 620.9	$ 575.5
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)	452,200,000	450,700,000
Ordinary shares, shares outstanding (in shares)	452,200,000	450,700,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash provided (required) by operating activities
Net income (loss)	$ (45.9)	$ 207
Net loss from discontinued operations	19.4	52.5
Adjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities
Depreciation and amortization	189.9	193.2
Impairments	1.1	19.6
Employee benefit plan and share-based compensation costs	17.1	10.5
Deferred income tax benefit	(10.8)	(14)
(Income) loss from investment in Technip Energies	27.7	(323.3)
Unrealized loss on derivative instruments and foreign exchange	36.7	61.4
Income from equity affiliates, net of dividends received	(9.3)	(20.4)
Loss on early extinguishment of debt	29.8	23.5
Other	2.4	3.9
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and contract assets	(322.8)	(353.5)
Inventories, net	(43.5)	122.6
Trade payables and contract liabilities	(149.5)	(98.5)
Income taxes payable, net	(35.6)	173.6
Other current assets and liabilities, net	(134.8)	34.5
Other non-current assets and liabilities, net	1.8	3
Cash provided (required) by operating activities from continuing operations	(426.3)	95.6
Cash provided by operating activities from discontinued operations	0	66.3
Cash provided (required) by operating activities	(426.3)	161.9
Cash provided (required) by investing activities
Capital expenditures	(63.4)	(83.9)
Proceeds from sales of assets	7.9	88.7
Proceeds from sale of investment in Technip Energies	288.5	458.1
Proceeds from repayment of advances to joint venture	12.5	12.5
Other	(16)	(4.9)
Cash provided by investing activities from continuing operations	229.5	470.5
Cash required by investing activities from discontinued operations	0	(4.5)
Cash provided by investing activities	229.5	466
Cash required by financing activities
Net decrease in short-term debt	(173.5)	(23.1)
Net decrease in commercial paper	0	(974.3)
Net increase in revolving credit facility	170	0
Proceeds from issuance of long-term debt	0	1,164.4
Repayments of long-term debt	(451.7)	(1,065.8)
Payments for debt issuance costs	0	(53.5)
Other	(5.5)	(3.5)
Cash required by financing activities from continuing operations	(460.7)	(955.8)
Cash required by financing activities from discontinued operations	0	(3,617.7)
Cash required by financing activities	(460.7)	(4,573.5)
Effect of changes in foreign exchange rates on cash and cash equivalents	15	(7.3)
Change in cash and cash equivalents	(642.5)	(3,952.9)
Cash and cash equivalents, beginning of period	1,327.4	4,807.8
Cash and cash equivalents, end of period	$ 684.9	$ 854.9

Condensed Consolidated Statem_5

Condensed Consolidated 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, 2020	$ 4,214.3	$ 449.5	$ 10,242.4	$ (4,915.2)	$ (1,622.5)	$ 60.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	207			201.2		5.8
Other comprehensive income (loss)	56.5				56.6	(0.1)
Issuance of ordinary shares	1.1	1.1
Share-based compensation	10.7		10.7
Spin-off of Technip Energies	(857.3)		(1,108.4)		271	(19.9)
Other	(3)					(3)
Ending balance at Jun. 30, 2021	3,629.3	450.6	9,144.7	(4,714)	(1,294.9)	42.9
Beginning balance at Mar. 31, 2021	3,695.5	449.8	9,152.1	(4,547)	(1,400.8)	41.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(164.9)			(167)		2.1
Other comprehensive income (loss)	93.4				93.6	(0.2)
Issuance of ordinary shares	0.8	0.8
Share-based compensation	7.3		7.3
Spin-off of Technip Energies	(2.4)		(14.7)		12.3	0
Other	(0.4)					(0.4)
Ending balance at Jun. 30, 2021	3,629.3	450.6	9,144.7	(4,714)	(1,294.9)	42.9
Beginning balance at Dec. 31, 2021	3,418.4	450.7	9,160.8	(4,903.8)	(1,305)	15.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(45.9)			(59.6)		13.7
Other comprehensive income (loss)	(46.4)				(42)	(4.4)
Issuance of ordinary shares	(0.1)	1.5	(1.6)
Share-based compensation	19		19
Other	(0.6)			(0.6)
Ending balance at Jun. 30, 2022	3,344.4	452.2	9,178.2	(4,964)	(1,347)	25
Beginning balance at Mar. 31, 2022	3,490.4	452.2	9,169.1	(4,969.7)	(1,185.3)	24.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7.8			2.1		5.7
Other comprehensive income (loss)	(166.5)				(161.7)	(4.8)
Share-based compensation	9.1		9.1
Other	3.6			3.6
Ending balance at Jun. 30, 2022	$ 3,344.4	$ 452.2	$ 9,178.2	$ (4,964)	$ (1,347)	$ 25

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
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, 2021. 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 financial statements may not be representative of the results that may be expected for the year ending December 31, 2022. Reclassifications and revision Certain prior-year amounts have been reclassified to conform to the current year’s presentation. The Company identified an error in the presentation of certain cash flow items related to discontinued operations that impacted cash and cash equivalents at the beginning of period, cash required by financing activities from discontinued operations and change in cash and cash equivalents line items within the previously issued statement of cash flows for the six months ended June 30, 2021. Management assessed the materiality of the misstatement described above on prior period financial statements in accordance with SEC Staff Bulletin (“SAB”) No. 99, Materiality, Codified in ASC 250-10, Accounting Changes and Error Corrections (“ASC 250”) , and concluded that these misstatements were not material to any previously issued financial statements. However, in order to achieve comparability in the financial statements, the Company has determined it appropriate to revise the following financial statement line items (amounts are in millions): Six Months Ended June 30, 2021 (In millions) As previously reported Revision As Revised Cash required by financing activities from continuing operations $ (955.8) $ — $ (955.8) Cash required by financing activities from discontinued operations (79.1) (3,538.6) (3,617.7) Cash required by financing activities (1,034.9) (3,538.6) (4,573.5) Change in cash and cash equivalents (414.3) (3,538.6) (3,952.9) Cash and cash equivalents, beginning of period 1,269.2 3,538.6 4,807.8 Cash and cash equivalents, end of period $ 854.9 $ — $ 854.9

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
DISCONTINUED OPERATIONS	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The Spin-off On February 16, 2021, we completed our separation of the Technip Energies business segment. The transaction was structured as a spin-off (the “Spin-off”), which occurred by way of a pro rata dividend (the “Distribution”) to our shareholders of 50.1% of the outstanding shares in Technip Energies N.V. Each of our shareholders received one ordinary share of Technip Energies N.V. for every five ordinary shares of TechnipFMC held at 5:00 p.m., Eastern Standard Time, on the record date, February 17, 2021. Technip Energies N.V. is now an independent public company and its shares trade under the ticker symbol “TE” on the Euronext Paris Stock Exchange. In connection with the Spin-off, TechnipFMC and Technip Energies entered into a separation and distribution agreement, as well as various other agreements, including, among others, a tax matters agreement, an employee matters agreement and a transition services agreement and certain agreements relating to intellectual property. These agreements provide for the allocation between TechnipFMC and Technip Energies of assets, employees, taxes, liabilities and obligations attributable to periods prior to, at and after the Spin-off. Discontinued Operations The Spin-off represented a strategic shift that had a major impact to our operations and consolidated financial statements. Accordingly, historical results of Technip Energies prior to the Distribution on February 16, 2021 have been presented as discontinued operations in our condensed consolidated statements of income and condensed consolidated statements of cash flows for the three and six months ended June 30, 2021. Our condensed consolidated statements of income and condensed consolidated statements of cash flows and notes to the condensed consolidated financial statements have been updated to reflect continuing operations only. The following table summarizes the components of income (loss) from discontinued operations, net of income taxes: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2022 2021 2022 2021 Revenue $ — $ — $ — $ 906.0 Costs and expenses — — — (889.3) Other expense, net — — — (18.6) Loss from discontinued operations before income taxes $ — $ — $ — $ (1.9) Income tax expense (benefit) — (7.7) 19.4 50.6 Income (loss) from discontinued operations, net of income taxes $ — $ 7.7 $ (19.4) $ (52.5) For the six months ended June 30, 2022, we recorded $19.4 million in income taxes from discontinued operations related to a change in estimate in our French tax group, which resulted in a tax liability from the Spin-off transaction.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	6 Months Ended
NEW ACCOUNTING STANDARDS	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards under GAAP In August 2020, the FASB issued ASU No. 2020-06, “ Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40). ” This update simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. The amendments to this update are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. We adopted this amendment as of January 1, 2022, which did not have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Standards under GAAP In March 2020, the FASB issued ASU No. 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848).” In addition, in January 2021, FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848)” which clarifies the scope of Topic 848 . The amendments in these updates apply only to contracts, hedging relationships, and other transactions that reference the London interbank offered rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The amendments in this update were issued as of March 12, 2020, effective through December 31, 2022. We are currently evaluating the impact of this ASU on our condensed consolidated financial statements. We consider the applicability and impact of all ASUs. We assessed ASUs not listed above and determined that they either were not applicable or were not expected to have a material impact on our financial statements.

REVENUE

REVENUE	6 Months Ended
REVENUE	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The majority of our revenue is from long-term contracts associated with designing and manufacturing products and systems and providing services to customers involved in exploration and production of crude oil and natural gas. Disaggregation of Revenue Revenues are disaggregated by geographic location and contract types. The following tables present total revenue by geography for each reportable segment for the three and six months ended June 30, 2022 and 2021: Reportable Segments Three Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Europe and Central Asia $ 403.6 $ 40.3 $ 411.3 $ 55.1 Latin America 332.5 27.2 277.4 17.2 Africa 253.7 9.6 267.4 13.1 Asia Pacific 202.1 20.6 246.9 26.8 North America 176.8 144.5 189.6 92.8 Middle East 45.9 60.4 1.7 69.5 Total revenue $ 1,414.6 $ 302.6 $ 1,394.3 $ 274.5 Six Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Europe and Central Asia $ 759.6 $ 79.5 $ 679.7 $ 98.9 Latin America 657.3 48.8 598.2 35.1 Africa 436.8 18.1 562.7 22.7 Asia Pacific 423.6 44.2 491.9 51.3 North America 377.2 260.7 419.7 167.3 Middle East 49.2 118.0 28.6 144.7 Total revenue $ 2,703.7 $ 569.3 $ 2,780.8 $ 520.0 The following tables present total revenue by contract type for each reportable segment for the three and six months ended June 30, 2022 and 2021: Reportable Segments Three Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 920.4 $ 54.5 $ 875.1 $ 38.3 Products 475.9 206.3 503.1 205.7 Lease 18.3 41.8 16.1 30.5 Total revenue $ 1,414.6 $ 302.6 $ 1,394.3 $ 274.5 Six Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 1,766.0 $ 105.6 $ 1,668.5 $ 71.1 Products 907.4 388.9 1,084.9 396.9 Lease 30.3 74.8 27.4 52.0 Total revenue $ 2,703.7 $ 569.3 $ 2,780.8 $ 520.0 Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts (contract assets), and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) on the condensed consolidated balance sheets. Any expected contract losses are recorded in the period in which they become probable. Contract Assets - Contract assets include unbilled amounts typically resulting from sales under long-term contracts when revenue is recognized over time and revenue recognized exceeds the amount billed to the customer, and right to payment is not just subject to the passage of time. Amounts may not exceed their net realizable value. Costs and estimated earnings in excess of billings on uncompleted contracts are generally classified as current. Contract Liabilities - We sometimes receive advances or deposits from our customers, before revenue is recognized, resulting in contract liabilities. The following table provides information about net contract assets (liabilities) as of June 30, 2022 and December 31, 2021: (In millions) June 30, December 31, $ change % change Contract assets $ 1,025.0 $ 966.0 $ 59.0 6.1 Contract liabilities (804.4) (1,012.9) 208.5 20.6 Net contract assets (liabilities) $ 220.6 $ (46.9) $ 267.5 570.4 The increase in our contract assets from December 31, 2021 to June 30, 2022 was primarily due to the timing of project milestones. The decrease in our contract liabilities was primarily due to completion of performance obligations for contracts, for which consideration was received in advance of the work performed during the period. In order to determine revenue recognized in the period from contract liabilities, we first allocate revenue to the individual contract liability balance outstanding at the beginning of the period until the revenue exceeds that balance. Any subsequent revenue we recognize increases the contract asset balance. Revenue recognized for the three months ended June 30, 2022 and 2021 that was included in the contract liabilities balance as of December 31, 2021 and 2020 was $102.8 million and $68.7 million, respectively, and $215.7 million and $197.1 million for the six months ended June 30, 2022 and 2021, respectively. In addition, net revenue recognized from our performance obligations satisfied in previous periods had favorable impact s of $34.2 million and $7.9 million for the three months ended June 30, 2022 and 2021, respectively, and $22.0 million and $2.6 million, for the six months ended June 30, 2022 and 2021, respectively, from changes in the estimate of the stage of completion that impacted revenue. Transaction Price Allocated to the Remaining Unsatisfied Performance Obligations Remaining unsatisfied performance obligations (“RUPO” or “order backlog”) represents the transaction price for products and services for which we have a material right but work has not been performed. Transaction price of the order backlog includes the base transaction price, variable consideration and changes in transaction price. The order backlog table does not include contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The transaction price of order backlog related to unfilled, confirmed customer orders is estimated at each reporting date. As of June 30, 2022, the aggregate amount of the transaction price allocated to order backlog was $9,039.4 million. TechnipFMC expects to recognize revenue on approximately 26% of the order backlog through 2022 and 74% thereafter. The following table details the order backlog for each business segment as of June 30, 2022: (In millions) 2022 2023 Thereafter Subsea $ 2,030.5 $ 3,226.9 $ 2,668.9 Surface Technologies 316.6 143.4 653.1 Total order backlog $ 2,347.1 $ 3,370.3 $ 3,322.0

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
BUSINESS SEGMENTS	Jun. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide, which corresponds to the manner in which our Chair and Chief Executive Officer, as our chief operating decision maker, reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. We operate under two reporting segments, Subsea and Surface Technologies: • Subsea - designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. • Surface Technologies - designs and manufactures products and systems and provides services used by oil and gas companies involved in land and shallow water exploration and production of crude oil and natural gas; designs, manufactures and supplies technologically advanced high-pressure valves and fittings for oilfield service companies; and also provides flowback and well testing services. Segment operating profit is defined as total segment revenue less segment operating expenses. Income (loss) from equity method investments is included in computing segment operating profit. The following items have been excluded in computing segment operating profit: corporate staff expense, foreign exchange gains (losses), income (loss) from investment in Technip Energies, net interest income (expense) associated with corporate debt facilities and income taxes. Segment revenue and segment operating profit were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Segment revenue Subsea $ 1,414.6 $ 1,394.3 $ 2,703.7 $ 2,780.8 Surface Technologies 302.6 274.5 569.3 520.0 Total segment revenue $ 1,717.2 $ 1,668.8 $ 3,273.0 $ 3,300.8 Segment operating profit Subsea $ 97.1 $ 72.4 $ 151.1 $ 109.4 Surface Technologies 10.0 12.9 13.7 21.1 Total segment operating profit $ 107.1 $ 85.3 $ 164.8 $ 130.5 Corporate items Corporate expense (a) (22.0) (30.3) (51.5) (59.1) Net interest expense (27.7) (35.2) (61.6) (69.7) Loss on early extinguishment of debt (29.8) — (29.8) (23.5) Income (loss) from investment in Technip Energies 0.8 (146.8) (27.7) 323.3 Foreign exchange gains (losses) (0.8) (10.7) 27.6 17.4 Total corporate items (79.5) (223.0) (143.0) 188.4 Income (loss) before income taxes (b) $ 27.6 $ (137.7) $ 21.8 $ 318.9 (a) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
EARNINGS (LOSS) PER SHARE	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions, except per share data) 2022 2021 2022 2021 Income (loss) from continuing operations attributable to TechnipFMC plc $ 2.1 $ (174.7) $ (40.2) $ 255.6 Loss from discontinued operations attributable to TechnipFMC plc — 7.7 (19.4) (54.4) Net income (loss) attributable to TechnipFMC plc $ 2.1 $ (167.0) $ (59.6) $ 201.2 Weighted average number of shares outstanding 452.2 450.6 451.6 450.4 Dilutive effect of restricted stock units 4.6 — — 3.8 Dilutive effect of performance shares — — — 0.7 Total shares and dilutive securities 456.8 450.6 451.6 454.9 Basic and diluted earnings (loss) per share attributable to TechnipFMC plc: Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic $ 0.00 $ (0.39) $ (0.09) $ 0.57 Diluted $ 0.00 $ (0.39) $ (0.09) $ 0.56 Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc Basic and diluted $ 0.00 $ 0.02 $ (0.04) $ (0.12) Total earnings (loss) per share attributable to TechnipFMC plc Basic $ 0.00 $ (0.37) $ (0.13) $ 0.45 Diluted $ 0.00 $ (0.37) $ (0.13) $ 0.44 For the three months ended June 30, 2021, we incurred a loss from continuing operations; therefore, the impact of 5.3 million shares was anti-dilutive. For the six months ended June 30, 2022, we incurred a loss from continuing operations; therefore, the impact of 4.6 million shares was anti-dilutive. Weighted average shares of the following share-based compensation awards were excluded from the calculation of diluted weighted average number of shares, where the assumed proceeds exceed the average market price from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive: Three Months Ended Six Months Ended June 30, June 30, (millions of shares) 2022 2021 2022 2021 Share option awards 1.6 1.6 1.6 1.6 Restricted share units — — 1.6 — Performance shares 1.7 0.5 1.2 — Total 3.3 2.1 4.4 1.6

RECEIVABLES

RECEIVABLES	6 Months Ended
RECEIVABLES	Jun. 30, 2022
Receivables [Abstract]
RECEIVABLES	RECEIVABLESWe manage our trade and loans receivables portfolios using published default risk as a key credit quality indicator. Our loans receivable and security deposits were related to sales of long-lived assets or businesses, loans to related parties for capital expenditure purposes, or security deposits for lease arrangements. We manage our held-to-maturity debt securities using published credit ratings as a key credit quality indicator as our held-to-maturity debt securities consist of government bonds. The table below summarizes the amortized cost basis of financial assets by years of origination and credit quality. The key credit quality indicator is updated as of June 30, 2022. (In millions) Year of origination Balance as of June 30, 2022 Balance as of December 31, 2021 Loans receivables, security deposits and other Moody’s rating A3 - Baa2 2020 -2022 $ 55.5 $ 50.9 Debt securities at amortized cost Moody’s rating Caa1 2021 24.8 24.0 Total financial assets $ 80.3 $ 74.9 Credit Losses For contract assets, trade receivables, loans receivable, and security deposits and other, we have elected to calculate an expected credit loss based on loss rates from historical data. We develop loss-rate statistics on the basis of the amount written-off over the life of the financial assets and contract assets and adjust these historical credit loss trends for forward-looking factors specific to the debtors and the economic environment to determine lifetime expected losses. For held-to-maturity debt securities at amortized cost, we evaluate whether the debt securities are considered to have low credit risk at the reporting date using available and supportable information. The table below shows the roll-forward of allowance for credit losses as of June 30, 2022 and 2021, respectively. Balance as of June 30, 2022 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2021 $ 38.1 $ 1.1 $ 0.3 $ 0.3 $ 2.7 Current period provision (release) for expected credit losses 1.2 0.1 0.2 (0.3) (1.0) Recoveries (2.1) — — — — Allowance for credit losses at June 30, 2022 $ 37.2 $ 1.2 $ 0.5 $ — $ 1.7 Balance as of June 30, 2021 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2020 $ 40.2 $ 2.4 $ 7.5 $ 0.4 $ 0.5 Current period provision (release) for expected credit losses 3.4 (0.6) (0.7) — — Recoveries (0.1) (1.6) 0.5 — — Allowance for credit losses at June 30, 2021 $ 43.5 $ 0.2 $ 7.3 $ 0.4 $ 0.5 Certain 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	6 Months Ended
INVENTORIES	Jun. 30, 2022
Inventory, Finished Goods and Work in Process, Gross [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following: (In millions) June 30, December 31, Raw materials $ 318.2 $ 250.1 Work in process 180.1 178.7 Finished goods 568.8 603.1 Inventories, net $ 1,067.1 $ 1,031.9

OTHER CURRENT ASSETS & OTHER CU

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	6 Months Ended
OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	Jun. 30, 2022
Other Current Assets and Other Current Liabilities [Abstract]
OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES	OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES Other current assets consisted of the following: (In millions) June 30, December 31, Value-added tax receivables $ 226.7 $ 222.4 Withholding tax and other receivables 134.2 176.7 Prepaid expenses 71.8 50.7 Assets held for sale 19.2 5.0 Current financial assets at amortized cost 14.3 21.9 Held-to-maturity investments 9.0 8.8 Other 28.0 26.8 Total other current assets $ 503.2 $ 512.3 Other current liabilities consisted of the following: (In millions) June 30, December 31, Legal provisions $ 118.9 $ 121.7 Warranty accruals and project contingencies 97.0 119.5 Social security liability 62.2 70.4 Value-added tax and other taxes payable 59.6 71.0 Compensation accrual 32.6 85.7 Provisions 12.6 23.6 Current portion of accrued pension and other post-retirement benefits 3.9 5.2 Other accrued liabilities 162.5 163.3 Total other current liabilities $ 549.3 $ 660.4

INVESTMENTS

INVESTMENTS	6 Months Ended
INVESTMENTS	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS Our income from equity affiliates is included in our Subsea segment. During the three and six months ended June 30, 2022, our income from equity affiliates was $4.3 million and $9.7 million, respectively. Our income from equity affiliates during the three and six months ended June 30, 2021 was $12.8 million and $20.5 million, respectively. During the six months ended June 30, 2022, we entered into Magnora Offshore Wind AS, a partnership with Magnora ASA, in order to develop floating offshore wind projects. As of June 30, 2022, the equity method investment balance was $2.5 million and represented approximately 20% ownership. Investment in Technip Energies During the three and six months ended June 30, 2022 , we fully divested our remaining ownership in Technip Energies. For the three and six months ended June 30, 2022, we recognized $0.8 million of income and a $27.7 million loss, respectively, related to our investment in Technip Energies. The amounts recognized include purchase price discounts on the sales of shares and fair value revaluation gains (losses) of our investment.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Receivables, payables, revenues and expenses, which are included in our condensed consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows. Accounts receivable consisted of receivables due from the following related parties: (In millions) June 30, December 31, 2021 Dofcon Navegacao $ 13.0 $ 22.7 Techdof Brasil AS 5.4 4.5 Others 1.7 2.5 Total accounts receivable $ 20.1 $ 29.7 Dofcon Navegacao and Techdof Brasil AS are our equity method investments. Additionally, we have a note receivable of $0 and $12.6 million with Dofcon Brasil AS as of June 30, 2022 and December 31, 2021, respectively. These are included in other assets in our condensed consolidated balance sheets. As of June 30, 2022 and December 31, 2021, we did not have significant accounts payable outstanding with our related parties. Revenue consisted of amounts from following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Dofcon Navegacao $ 3.8 $ 1.0 $ 5.4 $ 1.2 Techdof Brasil AS — 5.4 — 8.9 Others 1.3 — 3.0 4.3 Total revenue $ 5.1 $ 6.4 $ 8.4 $ 14.4 Expenses consisted of amounts to the following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Jumbo Shipping $ 8.3 $ — $ 8.3 $ — Dofcon Navegacao 3.0 6.4 6.1 13.0 Others 5.2 4.8 9.8 15.1 Total expenses $ 16.5 $ 11.2 $ 24.2 $ 28.1 Member of our Board of Directors serves on the Board of Directors for Jumbo Shipping.

DEBT

DEBT	6 Months Ended
DEBT	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT Overview Long-term debt consisted of the following: (In millions) June 30, December 31, Revolving credit facility $ 170.0 $ — 3.40% 2012 Private placement notes due 2022 — 169.9 3.15% 2013 Private placement notes due 2023 265.0 288.8 5.75% 2020 Private placement notes due 2025 207.9 226.5 6.50% Senior notes due 2026 202.9 633.1 4.00% 2012 Private placement notes due 2027 77.9 84.9 4.00% 2012 Private placement notes due 2032 103.9 113.3 3.75% 2013 Private placement notes due 2033 103.9 113.3 Bank borrowings and other 354.5 397.4 Unamortized debt issuance costs and discounts (11.3) (22.3) Total debt 1,474.7 2,004.9 Less: current borrowings 274.0 277.6 Long-term debt $ 1,200.7 $ 1,727.3 Credit Facilities and Debt Revolving Credit Facility - On February 16, 2021, we entered into a credit agreement, which provides for a $1.0 billion three-year senior secured multicurrency Revolving Credit Facility, including a $450.0 million letter of credit subfacility. We incurred $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 sheet as of June 30, 2022. The deferred debt issuance costs are amortized to interest expense over the term of the Revolving Credit Facility. Availability of borrowings under the Revolving Credit Facility is reduced by the outstanding letters of credit issued against the facility. As of June 30, 2022, there were $170.0 million of borrowings and $45.4 million of letters of credit outstanding, and our availability under the Revolving Credit Facility was $784.6 million. Borrowings under the Revolving Credit Facility bear interest at the following rates, plus an applicable margin, depending on currency: • U.S. dollar-denominated loans bear interest, at the Company’s option, at a base rate or an adjusted rate linked to the London interbank offered rate; and • Euro-denominated loans bear interest on an adjusted rate linked to the Euro interbank offered rate. The applicable margin for borrowings under the Revolving Credit Facility ranges from 2.50% to 3.50% for Eurocurrency loans and 1.50% to 2.50% for base rate loans, depending on a total leverage ratio. The Revolving Credit Facility is subject to customary representations and warranties, covenants, events of default, mandatory repayment provisions and financial covenants. 2021 Notes - On January 29, 2021, we issued $1.0 billion of 6.50% 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 sheet as of June 30, 2022. The deferred debt issuance costs are amortized to interest expense over the term of the 2021 Notes, which approximates the effective interest method. During the three and six months ended June 30, 2022, we completed a tender offer and purchased for cash $430.2 million of the outstanding 2021 Notes. We paid a cash premium of $21.5 million to the tendering note holders and wrote-off $8.3 million of bond issuance costs. Concurrent with the tender offer, the Company obtained consents of holders with respect to the 2021 Notes to certain proposed amendments (“Proposed Amendments”) to the indenture governing these notes. The Proposed Amendments, among other things, eliminated substantially all of the restrictive covenants and certain event of default triggers in the indenture. As of June 30, 2022, we were in compliance with all debt covenants. Bank borrowings - Include term loans issued in connection with financing for certain of our vessels and amounts outstanding under our foreign committed credit lines. Foreign committed credit - We have committed credit lines at many of our international subsidiaries for immaterial amounts. We utilize these facilities for asset financing and to provide a more efficient daily source of liquidity. The effective interest rates depend upon the local national market.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
STOCKHOLDERS’ EQUITY	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Accumulated other comprehensive income (loss) consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other March 31, 2022 $ (1,033.1) $ (25.8) $ (126.4) $ (1,185.3) $ (5.3) Other comprehensive loss before reclassifications, net of tax (125.2) (43.7) (1.3) (170.2) (4.8) Reclassification adjustment for net losses included in net income, net of tax — 5.4 3.1 8.5 — Other comprehensive income (loss), net of tax (125.2) (38.3) 1.8 (161.7) (4.8) June 30, 2022 $ (1,158.3) $ (64.1) $ (124.6) $ (1,347.0) $ (10.1) (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2021 $ (1,158.4) $ (17.3) $ (129.3) $ (1,305.0) $ (5.7) Other comprehensive income (loss) before reclassifications, net of tax 0.1 (58.6) (1.5) (60.0) (4.4) Reclassification adjustment for net losses included in net income (loss), net of tax — 11.8 6.2 18.0 — Other comprehensive income (loss), net of tax 0.1 (46.8) 4.7 (42.0) (4.4) June 30, 2022 $ (1,158.3) $ (64.1) $ (124.6) $ (1,347.0) $ (10.1) Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Affected Line Item in the Condensed Consolidated Statements of Income Gains (losses) on hedging instruments Foreign exchange contracts $ 4.1 $ (15.6) $ (0.5) $ (26.0) Revenue (6.6) 3.2 (7.0) 11.5 Cost of sales (0.2) 0.1 (0.3) 0.2 Selling, general and administrative expense (4.9) 2.9 (8.9) 6.9 Other income (expense), net (7.6) (9.4) (16.7) (7.4) Income (loss) before income taxes (2.2) (4.7) (4.9) (5.4) Provision for income taxes $ (5.4) $ (4.7) $ (11.8) $ (2.0) Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) $ (0.1) $ (0.2) $ (0.2) $ (0.3) (a) Amortization of net actuarial loss (5.7) (6.1) (9.1) (13.0) (a) (5.8) (6.3) (9.3) (13.3) Income (loss) before income taxes (2.7) (1.3) (3.1) (3.4) Provision for income taxes $ (3.1) $ (5.0) $ (6.2) $ (9.9) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
SHARE-BASED COMPENSATION	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Under the Amended and Restated TechnipFMC plc Incentive Award Plan (the “2017 Plan”), we may grant certain incentives and awards to our officers, employees, non-employee directors and consultants of the Company and its subsidiaries. Awards may include share options, share appreciation rights, performance stock units, restricted stock units, restricted shares or other awards authorized under the Plan. On April 28, 2022, we adopted the TechnipFMC plc 2022 Incentive Award Plan (the “Plan”), which replaces the 2017 Plan. Under the Plan, 8.9 million ordinary shares were authorized for awards and the remaining available shares from the 2017 Plan were added to the 2022 pool. We recognize compensation expense and the corresponding tax benefits for awards under incentive award plans. Share-based compensation expense for non-vested share options, performance-based shares and restricted stock units was $9.1 million and $7.3 million for the three months ended June 30, 2022 and 2021, respectively, and $19.0 million and $10.7 million for the six months ended June 30, 2022 and 2021, respectively.

IMPAIRMENT, RESTRUCTURING AND O

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES	6 Months Ended
IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES	IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES Impairment, restructuring and other expenses were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Subsea $ 2.6 $ 1.0 $ (0.8) 20.7 Surface Technologies 4.4 1.0 6.0 3.8 Corporate and other 0.2 — 3.0 3.0 Total impairment, restructuring and other expenses $ 7.2 $ 2.0 $ 8.2 $ 27.5 During the six months ended June 30, 2022, we recorded $8.2 million of impairment, restructuring expenses, primarily related to exiting our operations in Russia. During the six months ended June 30, 2021, we recorded $19.6 million of impairment expenses, primarily relating to our operating lease right-of-use assets as a result of certain real estate realization actions. Restructuring and Other Expenses Restructuring and other charges primarily consisted of severance, facilities restructuring and other employee related costs across all segments and were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Subsea $ 2.6 $ 0.4 $ (0.8) 4.4 Surface Technologies 4.4 0.8 4.9 3.5 Corporate and other 0.2 — 3.0 — Total restructuring and other expenses $ 7.2 $ 1.2 $ 7.1 $ 7.9

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	6 Months Ended
COMMITMENTS AND CONTINGENT LIABILITIES	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Contingent liabilities associated with guarantees - In the ordinary course of business, we enter into standby letters of credit, performance bonds, surety bonds and other guarantees with financial institutions for the benefit of our customers, vendors and other parties. The majority of these financial instruments expire within five years. Management does not expect any of these financial instruments to result in losses that, if incurred, would have a material adverse effect on our condensed consolidated financial position, results of operations or cash flows. Guarantees consisted of the following: (In millions) June 30, December 31, Financial guarantees (a) $ 206.4 $ 177.4 Performance guarantees (b) 1,033.5 1,069.0 Maximum potential undiscounted payments $ 1,239.9 $ 1,246.4 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service. We believe the ultimate resolution of our known contingencies will not materially adversely affect our consolidated financial position, results of operations, or cash flows. Contingent liabilities associated with legal and tax matters - We are involved in various pending or potential legal and tax actions or disputes in the ordinary course of our business. These actions and disputes can involve our agents, suppliers, clients and venture partners, and can include claims related to payment of fees, service quality and ownership arrangements. We are unable to predict the ultimate outcome of these actions because of their inherent uncertainty. However, we believe that the most probable, ultimate resolution of these matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. On March 28, 2016, FMC Technologies received an inquiry from the U.S. Department of Justice (“DOJ”) related to the DOJ's investigation of whether certain services Unaoil S.A.M. provided to its clients, including FMC Technologies, violated the U.S. Foreign Corrupt Practices Act (“FCPA”). On March 29, 2016, Technip S.A. also received an inquiry from the DOJ related to Unaoil. We cooperated with the DOJ's investigations and, with regard to FMC Technologies, a related investigation by the SEC. In late 2016, Technip S.A. was contacted by the DOJ regarding its investigation of offshore platform projects awarded between 2003 and 2007, performed in Brazil by a joint venture company in which Technip S.A. was a minority participant, and we have also raised with the DOJ certain other projects performed by Technip S.A. subsidiaries in Brazil between 2002 and 2013. The DOJ has also inquired about projects in Ghana and Equatorial Guinea that were awarded to Technip S.A. subsidiaries in 2008 and 2009, respectively. We cooperated with the DOJ in its investigation into potential violations of the FCPA in connection with these projects. We contacted and cooperated with the Brazilian authorities (Federal Prosecution Service (“MPF”), the Comptroller General of Brazil (“CGU”) and the Attorney General of Brazil (“AGU”)) with their investigation concerning the projects in Brazil and have also contacted and are cooperating with French authorities (the Parquet National Financier (“PNF”)) with their investigation about these existing matters. On June 25, 2019, we announced a global resolution to pay a total of $301.3 million to the DOJ, the SEC, the MPF and the CGU/AGU to resolve these anti-corruption investigations. We will not be required to have a monitor and will, instead, provide reports on our anti-corruption program to the Brazilian and U.S. authorities for two As part of this resolution, we entered into a three-year Deferred Prosecution Agreement (“DPA”) with the DOJ related to charges of conspiracy to violate the FCPA related to conduct in Brazil and with Unaoil. In addition, Technip USA, Inc., a U.S. subsidiary, pled guilty to one count of conspiracy to violate the FCPA related to conduct in Brazil. We will also provide the DOJ reports on our anti-corruption program during the term of the DPA. In Brazil, our subsidiaries, Technip Brasil - Engenharia, Instalações E Apoio Marítimo Ltda. and Flexibrás Tubos Flexíveis Ltda., entered into leniency agreements with both the MPF and the CGU/AGU. We have committed, as part of those agreements, to make certain enhancements to their compliance programs in Brazil during a two-year self-reporting period, which aligns with our commitment to cooperation and transparency with the compliance community in Brazil and globally. In September 2019, the SEC approved our previously disclosed agreement in principle with the SEC Staff and issued an Administrative Order, pursuant to which we paid the SEC $5.1 million, which was included in the global resolution of $301.3 million. To date, the investigation by PNF related to historical projects in Equatorial Guinea and Ghana has not reached a resolution. We remain committed to finding a resolution with the PNF and will maintain a $70.0 million provision related to this investigation. Additionally, the PNF recently informed us that it is reviewing historical projects in Angola. We are not aware of any evidence that would support a finding of liability with respect to these projects, or whether the PNF would seek any additional penalty. As we continue our discussions with PNF towards a potential resolution of all of these matters, the amount of a settlement could exceed this provision. There is no certainty that a settlement with PNF will be reached or that the settlement will not exceed current accruals. The PNF has a broad range of potential sanctions under anti-corruption laws and regulations that it may seek to impose in appropriate circumstances including, but not limited to, fines, penalties, confiscations and modifications to business practices and compliance programs. Any of these measures, if applicable to us, as well as potential customer reaction to such measures, could have a material adverse impact on our business, results of operations and financial condition. If we cannot reach a resolution with the PNF, we could be subject to criminal proceedings in France, the outcome of which cannot be predicted. Contingent liabilities associated with liquidated damages - Some of our contracts contain provisions that require us to pay liquidated damages if we are responsible for the failure to meet specified contractual milestone dates and the applicable customer asserts a conforming claim under these provisions. These contracts define the conditions under which our customers may make claims against us for liquidated damages. Based upon the evaluation of our performance and other commercial and legal analysis, management believes we have appropriately recognized probable liquidated damages at June 30, 2022 and December 31, 2021, and that the ultimate resolution of such matters will not materially affect our consolidated financial position, results of operations or cash flows.

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our provision for income taxes for the three months ended June 30, 2022 and 2021 reflected effective tax rates of 71.7% and (25.3)%, respectively. The year-over-year increase in the effective tax rate was primarily due to the increased impact of losses in jurisdictions with a full valuation allowance and a change in geographical profit mix year over year. Our provision for income taxes for the six months ended June 30, 2022 and 2021 reflected effective tax rates of 221.6% and 18.6%, respectively. The year-over-year increase in the effective tax rate was primarily due to the increased impact of losses in jurisdictions with a full valuation allowance and a change in geographical profit mix year over year. Our effective tax rate can fluctuate depending on our country mix of earnings, since our foreign earnings are generally subject to higher tax rates than in the United Kingdom.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Jun. 30, 2022
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 June 30, 2022, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 1,592.8 1,655.4 Norwegian krone 2,400.0 241.4 Australian dollar 234.0 161.0 Singapore dollar 89.6 64.3 British pound 49.4 59.8 Indonesian rupiah 415,522.0 27.9 Canadian dollar 25.2 19.6 Indian rupee 1,010.8 12.8 Mexican peso (52.1) (2.6) Kuwaiti dinar (4.2) (13.7) Brazilian real (284.2) (54.3) Malaysian ringgit (512.3) (116.2) U.S. dollar (801.5) (801.5) 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 June 30, 2022, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 80.9 15.5 Norwegian krone 30.3 3.0 Euro (3.0) (3.1) U.S. dollar (13.9) (13.9) Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. See Note 19 for further details. Accordingly, the estimates presented may not be indicative of the amounts we would realize in a current market exchange and may not be indicative of the gains or losses we may ultimately incur when these contracts are settled. The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets: June 30, 2022 December 31, 2021 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 203.5 $ 292.2 $ 106.4 $ 139.5 Long-term - Derivative financial instruments 24.7 53.0 10.5 15.5 Total derivatives designated as hedging instruments 228.2 345.2 116.9 155.0 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 9.9 49.8 3.9 21.5 Total derivatives not designated as hedging instruments 9.9 49.8 3.9 21.5 Total derivatives $ 238.1 $ 395.0 $ 120.8 $ 176.5 Cash flow hedges of forecasted transactions, net of tax, which qualify for hedge accounting, resulted in accumulated other comprehensive losses of $65.7 million and $18.7 million as of June 30, 2022 and December 31, 2021, respectively. We expect to transfer an approximate $32.9 million loss from accumulated OCI to earnings during the next 12 months when the anticipated transactions actually occur. All anticipated transactions currently being hedged are expected to occur by the second half of 2024. 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 Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Foreign exchange contracts $ (43.9) $ (0.2) $ (63.7) $ (20.4) The following tables represent the effect of cash flow hedge accounting in the condensed consolidated statements of income for the three and six months ended June 30, 2022 and 2021: (In millions) Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Amounts reclassified from accumulated OCI to income $ 4.1 $ (6.6) $ (0.2) $ (4.9) $ (15.6) $ 3.2 $ 0.1 $ 2.9 Amounts excluded from effectiveness testing 2.3 (2.5) 0.4 (3.8) (0.8) (1.5) (0.9) (1.4) Total cash flow hedge gain (loss) recognized in income 6.4 (9.1) 0.2 (8.7) (16.4) 1.7 (0.8) 1.5 Total hedge gain (loss) recognized in income $ 6.4 $ (9.1) $ 0.2 $ (8.7) $ (16.4) $ 1.7 $ (0.8) $ 1.5 Gain (loss) recognized in income on derivatives not designated as hedging instruments — (1.0) — (15.5) 1.2 0.1 — 44.8 Total $ 6.4 $ (10.1) $ 0.2 $ (24.2) $ (15.2) $ 1.8 $ (0.8) $ 46.3 (In millions) Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Amounts reclassified from accumulated OCI to income (loss) $ (0.5) $ (7.0) $ (0.3) $ (8.9) $ (26.0) $ 11.5 $ 0.2 $ 6.9 Amounts excluded from effectiveness testing 3.0 (3.8) 0.5 (19.6) 0.2 (2.7) — (2.0) Total cash flow hedge gain (loss) recognized in income 2.5 (10.8) 0.2 (28.5) (25.8) 8.8 0.2 4.9 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1) (1.4) — 14.0 1.4 0.6 — 33.4 Total $ 2.4 $ (12.2) $ 0.2 $ (14.5) $ (24.4) $ 9.4 $ 0.2 $ 38.3 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 June 30, 2022 and December 31, 2021, we had no collateralized derivative contracts. The following tables present both gross information and net information of recognized derivative instruments: June 30, 2022 December 31, 2021 (In millions) Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Derivative assets $ 238.1 $ (133.9) $ 104.2 $ 120.8 $ (78.6) $ 42.2 Derivative liabilities $ 395.0 $ (133.9) $ 261.1 $ 176.5 $ (78.6) $ 97.9

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis were as follows: June 30, 2022 December 31, 2021 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Investment in Technip Energies $ — $ — $ — $ — $ 317.3 $ 317.3 $ — $ — Equity securities (a) 19.9 19.9 — — 25.0 25.0 — — Money market fund 2.0 — 2.0 — 2.4 — 2.4 — Stable value fund (b) 0.3 — — — 0.3 — — — Held-to-maturity debt securities 23.7 — 23.7 — 24.0 — 24.0 — Derivative financial instruments Foreign exchange contracts 238.1 — 238.1 — 120.8 — 120.8 — Total assets $ 284.0 $ 19.9 $ 263.8 $ — $ 489.8 $ 342.3 $ 147.2 $ — Liabilities Derivative financial instruments Foreign exchange contracts 395.0 — 395.0 — 176.5 — 176.5 — Total liabilities $ 395.0 $ — $ 395.0 $ — $ 176.5 $ — $ 176.5 $ — (a) Includes fixed income and other investments measured at fair value. (b) Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. Investment in Technip Energies - The fair value of our investment in Technip Energies was based on quoted prices that we had the ability to access in public markets. As of June 30, 2022, we fully divested our remaining ownership in Technip Energies. See Note 10 for further details. Equity securities - The fair value measurement of our traded securities is based on quoted prices that we have the ability to access in public markets. Stable value fund and Money market fund - The stable value fund and money market fund are valued at the net asset value of the shares held at the end of the quarter, which is based on the fair value of the underlying investments using information reported by our investment advisor at quarter-end. Held-to-maturity debt securities - Held-to-maturity debt securities consist of government bonds. These investments are stated at amortized cost, which approximates fair value. 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 18 for further details. Nonrecurring Fair Value Measurements Fair value of long-lived, non-financial assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts of such assets may not be recoverable. The following summarizes impairments of our long-lived assets and related post-impairment fair value for the six months ended June 30, 2021 : Six Months Ended June 30, 2021 (In millions) Impairment Fair Value Long-lived assets (a) $ 19.6 $ 31.6 (a) Measuring these asset groups for recoverability required the use of unobservable inputs that require significant judgment. Such judgments include expected future asset utilization in response to market conditions. 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, revolving credit facility and senior notes was $1,126.5 million and $1,706.1 million as of June 30, 2022 and December 31, 2021, respectively. Credit risk - By their nature, financial instruments involve risk, including credit risk, for non-performance by counterparties. Financial instruments that potentially subject us to credit risk primarily consist of trade receivables and derivative contracts. We manage the credit risk on financial instruments by transacting only with what management believes are financially secure counterparties, requiring credit approvals and credit limits and monitoring counterparties’ financial condition. Our maximum exposure to credit loss in the event of non-performance by the counterparty is limited to the amount drawn and outstanding on the financial instrument. Allowances for losses on trade receivables are established based on collectability assessments. We mitigate credit risk on derivative contracts by executing contracts only with counterparties that consent to a master netting agreement, which permits the net settlement of gross derivative assets against gross derivative liabilities.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
SUBSEQUENT EVENT	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENTOn July 27, 2022, we announced that the Company’s Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $400.0 million of its outstanding ordinary shares. The program represents 14 percent of the Company’s outstanding shares as of July 26, 2022 closing price.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	6 Months Ended
	Jun. 30, 2022
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, 2021. 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 financial statements may not be representative of the results that may be expected for the year ending December 31, 2022.
Reclassifications and revisions	Reclassifications and revision Certain prior-year amounts have been reclassified to conform to the current year’s presentation. The Company identified an error in the presentation of certain cash flow items related to discontinued operations that impacted cash and cash equivalents at the beginning of period, cash required by financing activities from discontinued operations and change in cash and cash equivalents line items within the previously issued statement of cash flows for the six months ended June 30, 2021. Management assessed the materiality of the misstatement described above on prior period financial statements in accordance with SEC Staff Bulletin (“SAB”) No. 99, Materiality, Codified in ASC 250-10, Accounting Changes and Error Corrections (“ASC 250”)

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Selected Line Items from the Financial Statements Illustrating the Effects of these Revisions	However, in order to achieve comparability in the financial statements, the Company has determined it appropriate to revise the following financial statement line items (amounts are in millions): Six Months Ended June 30, 2021 (In millions) As previously reported Revision As Revised Cash required by financing activities from continuing operations $ (955.8) $ — $ (955.8) Cash required by financing activities from discontinued operations (79.1) (3,538.6) (3,617.7) Cash required by financing activities (1,034.9) (3,538.6) (4,573.5) Change in cash and cash equivalents (414.3) (3,538.6) (3,952.9) Cash and cash equivalents, beginning of period 1,269.2 3,538.6 4,807.8 Cash and cash equivalents, end of period $ 854.9 $ — $ 854.9

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
DISCONTINUED OPERATIONS (Tables)	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Income, Assets and Liabilities of Discontinued Operations	The following table summarizes the components of income (loss) from discontinued operations, net of income taxes: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2022 2021 2022 2021 Revenue $ — $ — $ — $ 906.0 Costs and expenses — — — (889.3) Other expense, net — — — (18.6) Loss from discontinued operations before income taxes $ — $ — $ — $ (1.9) Income tax expense (benefit) — (7.7) 19.4 50.6 Income (loss) from discontinued operations, net of income taxes $ — $ 7.7 $ (19.4) $ (52.5)

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
REVENUE (Tables)	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021: Reportable Segments Three Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Europe and Central Asia $ 403.6 $ 40.3 $ 411.3 $ 55.1 Latin America 332.5 27.2 277.4 17.2 Africa 253.7 9.6 267.4 13.1 Asia Pacific 202.1 20.6 246.9 26.8 North America 176.8 144.5 189.6 92.8 Middle East 45.9 60.4 1.7 69.5 Total revenue $ 1,414.6 $ 302.6 $ 1,394.3 $ 274.5 Six Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Europe and Central Asia $ 759.6 $ 79.5 $ 679.7 $ 98.9 Latin America 657.3 48.8 598.2 35.1 Africa 436.8 18.1 562.7 22.7 Asia Pacific 423.6 44.2 491.9 51.3 North America 377.2 260.7 419.7 167.3 Middle East 49.2 118.0 28.6 144.7 Total revenue $ 2,703.7 $ 569.3 $ 2,780.8 $ 520.0 The following tables present total revenue by contract type for each reportable segment for the three and six months ended June 30, 2022 and 2021: Reportable Segments Three Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 920.4 $ 54.5 $ 875.1 $ 38.3 Products 475.9 206.3 503.1 205.7 Lease 18.3 41.8 16.1 30.5 Total revenue $ 1,414.6 $ 302.6 $ 1,394.3 $ 274.5 Six Months Ended June 30, 2022 June 30, 2021 (In millions) Subsea Surface Technologies Subsea Surface Technologies Services $ 1,766.0 $ 105.6 $ 1,668.5 $ 71.1 Products 907.4 388.9 1,084.9 396.9 Lease 30.3 74.8 27.4 52.0 Total revenue $ 2,703.7 $ 569.3 $ 2,780.8 $ 520.0
Schedule of Contract Balances	The following table provides information about net contract assets (liabilities) as of June 30, 2022 and December 31, 2021: (In millions) June 30, December 31, $ change % change Contract assets $ 1,025.0 $ 966.0 $ 59.0 6.1 Contract liabilities (804.4) (1,012.9) 208.5 20.6 Net contract assets (liabilities) $ 220.6 $ (46.9) $ 267.5 570.4
Schedule of Remaining Revenue Performance Obligations	The following table details the order backlog for each business segment as of June 30, 2022: (In millions) 2022 2023 Thereafter Subsea $ 2,030.5 $ 3,226.9 $ 2,668.9 Surface Technologies 316.6 143.4 653.1 Total order backlog $ 2,347.1 $ 3,370.3 $ 3,322.0

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
BUSINESS SEGMENTS (Tables)	Jun. 30, 2022
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 Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Segment revenue Subsea $ 1,414.6 $ 1,394.3 $ 2,703.7 $ 2,780.8 Surface Technologies 302.6 274.5 569.3 520.0 Total segment revenue $ 1,717.2 $ 1,668.8 $ 3,273.0 $ 3,300.8 Segment operating profit Subsea $ 97.1 $ 72.4 $ 151.1 $ 109.4 Surface Technologies 10.0 12.9 13.7 21.1 Total segment operating profit $ 107.1 $ 85.3 $ 164.8 $ 130.5 Corporate items Corporate expense (a) (22.0) (30.3) (51.5) (59.1) Net interest expense (27.7) (35.2) (61.6) (69.7) Loss on early extinguishment of debt (29.8) — (29.8) (23.5) Income (loss) from investment in Technip Energies 0.8 (146.8) (27.7) 323.3 Foreign exchange gains (losses) (0.8) (10.7) 27.6 17.4 Total corporate items (79.5) (223.0) (143.0) 188.4 Income (loss) before income taxes (b) $ 27.6 $ (137.7) $ 21.8 $ 318.9 (a) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee benefits. (b) Includes amounts attributable to non-controlling interests.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
EARNINGS (LOSS) PER SHARE (Tables)	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Number of Shares Used for the Basic and Diluted Earnings Per Share	A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions, except per share data) 2022 2021 2022 2021 Income (loss) from continuing operations attributable to TechnipFMC plc $ 2.1 $ (174.7) $ (40.2) $ 255.6 Loss from discontinued operations attributable to TechnipFMC plc — 7.7 (19.4) (54.4) Net income (loss) attributable to TechnipFMC plc $ 2.1 $ (167.0) $ (59.6) $ 201.2 Weighted average number of shares outstanding 452.2 450.6 451.6 450.4 Dilutive effect of restricted stock units 4.6 — — 3.8 Dilutive effect of performance shares — — — 0.7 Total shares and dilutive securities 456.8 450.6 451.6 454.9 Basic and diluted earnings (loss) per share attributable to TechnipFMC plc: Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic $ 0.00 $ (0.39) $ (0.09) $ 0.57 Diluted $ 0.00 $ (0.39) $ (0.09) $ 0.56 Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc Basic and diluted $ 0.00 $ 0.02 $ (0.04) $ (0.12) Total earnings (loss) per share attributable to TechnipFMC plc Basic $ 0.00 $ (0.37) $ (0.13) $ 0.45 Diluted $ 0.00 $ (0.37) $ (0.13) $ 0.44
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Weighted average shares of the following share-based compensation awards were excluded from the calculation of diluted weighted average number of shares, where the assumed proceeds exceed the average market price from the calculation of diluted weighted average number of shares, because their effect would be anti-dilutive: Three Months Ended Six Months Ended June 30, June 30, (millions of shares) 2022 2021 2022 2021 Share option awards 1.6 1.6 1.6 1.6 Restricted share units — — 1.6 — Performance shares 1.7 0.5 1.2 — Total 3.3 2.1 4.4 1.6

RECEIVABLES (Tables)

RECEIVABLES (Tables)	6 Months Ended
RECEIVABLES (Tables)	Jun. 30, 2022
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. The key credit quality indicator is updated as of June 30, 2022. (In millions) Year of origination Balance as of June 30, 2022 Balance as of December 31, 2021 Loans receivables, security deposits and other Moody’s rating A3 - Baa2 2020 -2022 $ 55.5 $ 50.9 Debt securities at amortized cost Moody’s rating Caa1 2021 24.8 24.0 Total financial assets $ 80.3 $ 74.9
Schedule of Financing Receivable, Allowance for Credit Loss	The table below shows the roll-forward of allowance for credit losses as of June 30, 2022 and 2021, respectively. Balance as of June 30, 2022 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2021 $ 38.1 $ 1.1 $ 0.3 $ 0.3 $ 2.7 Current period provision (release) for expected credit losses 1.2 0.1 0.2 (0.3) (1.0) Recoveries (2.1) — — — — Allowance for credit losses at June 30, 2022 $ 37.2 $ 1.2 $ 0.5 $ — $ 1.7 Balance as of June 30, 2021 (In millions) Trade receivables Contract assets Loans receivable Security deposit and other Held-to-maturity debt securities Allowance for credit losses at December 31, 2020 $ 40.2 $ 2.4 $ 7.5 $ 0.4 $ 0.5 Current period provision (release) for expected credit losses 3.4 (0.6) (0.7) — — Recoveries (0.1) (1.6) 0.5 — — Allowance for credit losses at June 30, 2021 $ 43.5 $ 0.2 $ 7.3 $ 0.4 $ 0.5

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
INVENTORIES (Tables)	Jun. 30, 2022
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Schedule of Components of Inventories	Inventories consisted of the following: (In millions) June 30, December 31, Raw materials $ 318.2 $ 250.1 Work in process 180.1 178.7 Finished goods 568.8 603.1 Inventories, net $ 1,067.1 $ 1,031.9

OTHER CURRENT ASSETS & OTHER _2

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES (Tables)	Jun. 30, 2022
Other Current Assets and Other Current Liabilities [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: (In millions) June 30, December 31, Value-added tax receivables $ 226.7 $ 222.4 Withholding tax and other receivables 134.2 176.7 Prepaid expenses 71.8 50.7 Assets held for sale 19.2 5.0 Current financial assets at amortized cost 14.3 21.9 Held-to-maturity investments 9.0 8.8 Other 28.0 26.8 Total other current assets $ 503.2 $ 512.3
Schedule of Other Current Liabilities	Other current liabilities consisted of the following: (In millions) June 30, December 31, Legal provisions $ 118.9 $ 121.7 Warranty accruals and project contingencies 97.0 119.5 Social security liability 62.2 70.4 Value-added tax and other taxes payable 59.6 71.0 Compensation accrual 32.6 85.7 Provisions 12.6 23.6 Current portion of accrued pension and other post-retirement benefits 3.9 5.2 Other accrued liabilities 162.5 163.3 Total other current liabilities $ 549.3 $ 660.4

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Jun. 30, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions Receivables	Accounts receivable consisted of receivables due from the following related parties: (In millions) June 30, December 31, 2021 Dofcon Navegacao $ 13.0 $ 22.7 Techdof Brasil AS 5.4 4.5 Others 1.7 2.5 Total accounts receivable $ 20.1 $ 29.7
Schedule of Related Party Transactions Revenue and Expenses	Revenue consisted of amounts from following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Dofcon Navegacao $ 3.8 $ 1.0 $ 5.4 $ 1.2 Techdof Brasil AS — 5.4 — 8.9 Others 1.3 — 3.0 4.3 Total revenue $ 5.1 $ 6.4 $ 8.4 $ 14.4 Expenses consisted of amounts to the following related parties: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Jumbo Shipping $ 8.3 $ — $ 8.3 $ — Dofcon Navegacao 3.0 6.4 6.1 13.0 Others 5.2 4.8 9.8 15.1 Total expenses $ 16.5 $ 11.2 $ 24.2 $ 28.1

DEBT (Tables)

DEBT (Tables)	6 Months Ended
DEBT (Tables)	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: (In millions) June 30, December 31, Revolving credit facility $ 170.0 $ — 3.40% 2012 Private placement notes due 2022 — 169.9 3.15% 2013 Private placement notes due 2023 265.0 288.8 5.75% 2020 Private placement notes due 2025 207.9 226.5 6.50% Senior notes due 2026 202.9 633.1 4.00% 2012 Private placement notes due 2027 77.9 84.9 4.00% 2012 Private placement notes due 2032 103.9 113.3 3.75% 2013 Private placement notes due 2033 103.9 113.3 Bank borrowings and other 354.5 397.4 Unamortized debt issuance costs and discounts (11.3) (22.3) Total debt 1,474.7 2,004.9 Less: current borrowings 274.0 277.6 Long-term debt $ 1,200.7 $ 1,727.3

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
STOCKHOLDERS’ EQUITY (Tables)	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive income (loss) consisted of the following: (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other March 31, 2022 $ (1,033.1) $ (25.8) $ (126.4) $ (1,185.3) $ (5.3) Other comprehensive loss before reclassifications, net of tax (125.2) (43.7) (1.3) (170.2) (4.8) Reclassification adjustment for net losses included in net income, net of tax — 5.4 3.1 8.5 — Other comprehensive income (loss), net of tax (125.2) (38.3) 1.8 (161.7) (4.8) June 30, 2022 $ (1,158.3) $ (64.1) $ (124.6) $ (1,347.0) $ (10.1) (In millions) Foreign Currency Hedging Defined Pension Accumulated Other Accumulated Other December 31, 2021 $ (1,158.4) $ (17.3) $ (129.3) $ (1,305.0) $ (5.7) Other comprehensive income (loss) before reclassifications, net of tax 0.1 (58.6) (1.5) (60.0) (4.4) Reclassification adjustment for net losses included in net income (loss), net of tax — 11.8 6.2 18.0 — Other comprehensive income (loss), net of tax 0.1 (46.8) 4.7 (42.0) (4.4) June 30, 2022 $ (1,158.3) $ (64.1) $ (124.6) $ (1,347.0) $ (10.1)
Schedule of Reclassifications Out of Accumulated other Comprehensive Loss	Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Details about Accumulated Other Comprehensive Income (loss) Components Amount Reclassified out of Accumulated Other Affected Line Item in the Condensed Consolidated Statements of Income Gains (losses) on hedging instruments Foreign exchange contracts $ 4.1 $ (15.6) $ (0.5) $ (26.0) Revenue (6.6) 3.2 (7.0) 11.5 Cost of sales (0.2) 0.1 (0.3) 0.2 Selling, general and administrative expense (4.9) 2.9 (8.9) 6.9 Other income (expense), net (7.6) (9.4) (16.7) (7.4) Income (loss) before income taxes (2.2) (4.7) (4.9) (5.4) Provision for income taxes $ (5.4) $ (4.7) $ (11.8) $ (2.0) Net income (loss) Pension and other post-retirement benefits Amortization of prior service credit (cost) $ (0.1) $ (0.2) $ (0.2) $ (0.3) (a) Amortization of net actuarial loss (5.7) (6.1) (9.1) (13.0) (a) (5.8) (6.3) (9.3) (13.3) Income (loss) before income taxes (2.7) (1.3) (3.1) (3.4) Provision for income taxes $ (3.1) $ (5.0) $ (6.2) $ (9.9) Net income (loss) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

IMPAIRMENT, RESTRUCTURING AND_2

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES (Tables)	6 Months Ended
IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES (Tables)	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of Impairment, Restructuring and Other Expenses	Impairment, restructuring and other expenses were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Subsea $ 2.6 $ 1.0 $ (0.8) 20.7 Surface Technologies 4.4 1.0 6.0 3.8 Corporate and other 0.2 — 3.0 3.0 Total impairment, restructuring and other expenses $ 7.2 $ 2.0 $ 8.2 $ 27.5 Restructuring and other charges primarily consisted of severance, facilities restructuring and other employee related costs across all segments and were as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Subsea $ 2.6 $ 0.4 $ (0.8) 4.4 Surface Technologies 4.4 0.8 4.9 3.5 Corporate and other 0.2 — 3.0 — Total restructuring and other expenses $ 7.2 $ 1.2 $ 7.1 $ 7.9

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	6 Months Ended
COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Guarantor Obligations	Guarantees consisted of the following: (In millions) June 30, December 31, Financial guarantees (a) $ 206.4 $ 177.4 Performance guarantees (b) 1,033.5 1,069.0 Maximum potential undiscounted payments $ 1,239.9 $ 1,246.4 (a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations. (b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of June 30, 2022, we held the following material net positions: Net Notional Amount (In millions) USD Equivalent Euro 1,592.8 1,655.4 Norwegian krone 2,400.0 241.4 Australian dollar 234.0 161.0 Singapore dollar 89.6 64.3 British pound 49.4 59.8 Indonesian rupiah 415,522.0 27.9 Canadian dollar 25.2 19.6 Indian rupee 1,010.8 12.8 Mexican peso (52.1) (2.6) Kuwaiti dinar (4.2) (13.7) Brazilian real (284.2) (54.3) Malaysian ringgit (512.3) (116.2) U.S. dollar (801.5) (801.5) 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 June 30, 2022, our portfolio of these instruments included the following material net positions: Net Notional Amount (In millions) USD Equivalent Brazilian real 80.9 15.5 Norwegian krone 30.3 3.0 Euro (3.0) (3.1) U.S. dollar (13.9) (13.9)
Schedule of Fair Value of Derivative Instruments	The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets: June 30, 2022 December 31, 2021 (In millions) Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments $ 203.5 $ 292.2 $ 106.4 $ 139.5 Long-term - Derivative financial instruments 24.7 53.0 10.5 15.5 Total derivatives designated as hedging instruments 228.2 345.2 116.9 155.0 Derivatives not designated as hedging instruments Foreign exchange contracts Current - Derivative financial instruments 9.9 49.8 3.9 21.5 Total derivatives not designated as hedging instruments 9.9 49.8 3.9 21.5 Total derivatives $ 238.1 $ 395.0 $ 120.8 $ 176.5
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 Six Months Ended June 30, June 30, (In millions) 2022 2021 2022 2021 Foreign exchange contracts $ (43.9) $ (0.2) $ (63.7) $ (20.4)
Schedule of Gain (Loss) Recognized in Income Related to Hedges and Derivatives	The following tables represent the effect of cash flow hedge accounting in the condensed consolidated statements of income for the three and six months ended June 30, 2022 and 2021: (In millions) Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Amounts reclassified from accumulated OCI to income $ 4.1 $ (6.6) $ (0.2) $ (4.9) $ (15.6) $ 3.2 $ 0.1 $ 2.9 Amounts excluded from effectiveness testing 2.3 (2.5) 0.4 (3.8) (0.8) (1.5) (0.9) (1.4) Total cash flow hedge gain (loss) recognized in income 6.4 (9.1) 0.2 (8.7) (16.4) 1.7 (0.8) 1.5 Total hedge gain (loss) recognized in income $ 6.4 $ (9.1) $ 0.2 $ (8.7) $ (16.4) $ 1.7 $ (0.8) $ 1.5 Gain (loss) recognized in income on derivatives not designated as hedging instruments — (1.0) — (15.5) 1.2 0.1 — 44.8 Total $ 6.4 $ (10.1) $ 0.2 $ (24.2) $ (15.2) $ 1.8 $ (0.8) $ 46.3 (In millions) Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Total amount of income (expense) presented in the consolidated statements of income associated with hedges and derivatives Revenue Cost of sales Selling, Other income (expense), net Revenue Cost of sales Selling, Other income (expense), net Amounts reclassified from accumulated OCI to income (loss) $ (0.5) $ (7.0) $ (0.3) $ (8.9) $ (26.0) $ 11.5 $ 0.2 $ 6.9 Amounts excluded from effectiveness testing 3.0 (3.8) 0.5 (19.6) 0.2 (2.7) — (2.0) Total cash flow hedge gain (loss) recognized in income 2.5 (10.8) 0.2 (28.5) (25.8) 8.8 0.2 4.9 Gain (loss) recognized in income on derivatives not designated as hedging instruments (0.1) (1.4) — 14.0 1.4 0.6 — 33.4 Total $ 2.4 $ (12.2) $ 0.2 $ (14.5) $ (24.4) $ 9.4 $ 0.2 $ 38.3
Schedule of Derivative Assets, Gross and Net	The following tables present both gross information and net information of recognized derivative instruments: June 30, 2022 December 31, 2021 (In millions) Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Derivative assets $ 238.1 $ (133.9) $ 104.2 $ 120.8 $ (78.6) $ 42.2 Derivative liabilities $ 395.0 $ (133.9) $ 261.1 $ 176.5 $ (78.6) $ 97.9
Schedule of Derivative Liabilities, Gross and Net	The following tables present both gross information and net information of recognized derivative instruments: June 30, 2022 December 31, 2021 (In millions) Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Gross Amount Recognized Gross Amounts Not Offset, Permitted Under Master Netting Agreements Net Amount Derivative assets $ 238.1 $ (133.9) $ 104.2 $ 120.8 $ (78.6) $ 42.2 Derivative liabilities $ 395.0 $ (133.9) $ 261.1 $ 176.5 $ (78.6) $ 97.9

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2022
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: June 30, 2022 December 31, 2021 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Investments Investment in Technip Energies $ — $ — $ — $ — $ 317.3 $ 317.3 $ — $ — Equity securities (a) 19.9 19.9 — — 25.0 25.0 — — Money market fund 2.0 — 2.0 — 2.4 — 2.4 — Stable value fund (b) 0.3 — — — 0.3 — — — Held-to-maturity debt securities 23.7 — 23.7 — 24.0 — 24.0 — Derivative financial instruments Foreign exchange contracts 238.1 — 238.1 — 120.8 — 120.8 — Total assets $ 284.0 $ 19.9 $ 263.8 $ — $ 489.8 $ 342.3 $ 147.2 $ — Liabilities Derivative financial instruments Foreign exchange contracts 395.0 — 395.0 — 176.5 — 176.5 — Total liabilities $ 395.0 $ — $ 395.0 $ — $ 176.5 $ — $ 176.5 $ — (a) Includes fixed income and other investments measured at fair value. (b) Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy.
Schedule of Fair Value Measurements, Nonrecurring	The following summarizes impairments of our long-lived assets and related post-impairment fair value for the six months ended June 30, 2021 : Six Months Ended June 30, 2021 (In millions) Impairment Fair Value Long-lived assets (a) $ 19.6 $ 31.6 (a) Measuring these asset groups for recoverability required the use of unobservable inputs that require significant judgment. Such judgments include expected future asset utilization in response to market conditions.

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash required by financing activities from continuing operations	$ (460.7)	$ (955.8)
Cash required by financing activities from discontinued operations	0	(3,617.7)
Cash required by financing activities	(460.7)	(4,573.5)
Change in cash and cash equivalents	(642.5)	(3,952.9)
Cash and cash equivalents, beginning of period	1,327.4	4,807.8
Cash and cash equivalents, end of period	$ 684.9	854.9
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash required by financing activities from continuing operations		(955.8)
Cash required by financing activities from discontinued operations		(79.1)
Cash required by financing activities		(1,034.9)
Change in cash and cash equivalents		(414.3)
Cash and cash equivalents, beginning of period		1,269.2
Cash and cash equivalents, end of period		854.9
Revision
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash required by financing activities from continuing operations		0
Cash required by financing activities from discontinued operations		(3,538.6)
Cash required by financing activities		(3,538.6)
Change in cash and cash equivalents		(3,538.6)
Cash and cash equivalents, beginning of period		3,538.6
Cash and cash equivalents, end of period		$ 0

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narratives (Details) $ in Millions		3 Months Ended		6 Months Ended
	Feb. 16, 2021	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Exchange Ratio	0.2
Spinoff \| Technip Energies N.V.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax expense (benefit)		$ 0	$ (7.7)	$ 19.4	$ 50.6
Technip Energies N.V.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin off, ownership interest percentage by parent	50.10%

DISCONTINUED OPERATIONS - Incom

DISCONTINUED OPERATIONS - Income from discontinued operations, net of tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of income taxes	$ 0	$ 7.7	$ (19.4)	$ (52.5)
Spinoff \| Technip Energies N.V.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	0	0	906
Costs and expenses	0	0	0	(889.3)
Other expense, net	0	0	0	(18.6)
Loss from discontinued operations before income taxes	0	0	0	(1.9)
Income tax expense (benefit)	0	(7.7)	19.4	50.6
Income (loss) from discontinued operations, net of income taxes	$ 0	$ 7.7	$ (19.4)	$ (52.5)

REVENUE - Disaggregation of rev

REVENUE - Disaggregation of revenue, geographical (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Lease revenue	$ 60.1	$ 46.6	$ 105.1	$ 79.4
Total revenue	1,717.2	1,668.8	3,273	3,300.8
Services
Disaggregation of Revenue [Line Items]
Revenue	974.9	913.4	1,871.6	1,739.6
Products
Disaggregation of Revenue [Line Items]
Revenue	682.2	708.8	1,296.3	1,481.8
Subsea
Disaggregation of Revenue [Line Items]
Revenue	1,414.6	1,394.3	2,703.7	2,780.8
Lease revenue	18.3	16.1	30.3	27.4
Subsea \| Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	1,414.6	1,394.3	2,703.7	2,780.8
Subsea \| Services
Disaggregation of Revenue [Line Items]
Revenue	920.4	875.1	1,766	1,668.5
Subsea \| Products
Disaggregation of Revenue [Line Items]
Revenue	475.9	503.1	907.4	1,084.9
Subsea \| Europe and Central Asia
Disaggregation of Revenue [Line Items]
Revenue	403.6	411.3	759.6	679.7
Subsea \| Latin America
Disaggregation of Revenue [Line Items]
Revenue	332.5	277.4	657.3	598.2
Subsea \| Africa
Disaggregation of Revenue [Line Items]
Revenue	253.7	267.4	436.8	562.7
Subsea \| Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	202.1	246.9	423.6	491.9
Subsea \| North America
Disaggregation of Revenue [Line Items]
Revenue	176.8	189.6	377.2	419.7
Subsea \| Middle East
Disaggregation of Revenue [Line Items]
Revenue	45.9	1.7	49.2	28.6
Surface Technologies
Disaggregation of Revenue [Line Items]
Revenue	302.6	274.5	569.3	520
Lease revenue	41.8	30.5	74.8	52
Surface Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	302.6	274.5	569.3	520
Surface Technologies \| Services
Disaggregation of Revenue [Line Items]
Revenue	54.5	38.3	105.6	71.1
Surface Technologies \| Products
Disaggregation of Revenue [Line Items]
Revenue	206.3	205.7	388.9	396.9
Surface Technologies \| Europe and Central Asia
Disaggregation of Revenue [Line Items]
Revenue	40.3	55.1	79.5	98.9
Surface Technologies \| Latin America
Disaggregation of Revenue [Line Items]
Revenue	27.2	17.2	48.8	35.1
Surface Technologies \| Africa
Disaggregation of Revenue [Line Items]
Revenue	9.6	13.1	18.1	22.7
Surface Technologies \| Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	20.6	26.8	44.2	51.3
Surface Technologies \| North America
Disaggregation of Revenue [Line Items]
Revenue	144.5	92.8	260.7	167.3
Surface Technologies \| Middle East
Disaggregation of Revenue [Line Items]
Revenue	$ 60.4	$ 69.5	$ 118	$ 144.7

REVENUE - Contract balances (De

REVENUE - Contract balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,025		$ 1,025		$ 966
Contract liabilities	(804.4)		(804.4)		(1,012.9)
Net contract assets (liabilities)	220.6		220.6		$ (46.9)
Contract assets, increase (decrease)			$ 59
Contract with customer, asset, net, current, increase (decrease), (in percent)			6.10%
Contract (liabilities), (increase) decrease			$ 208.5
Contract with customer liability, current, increase (decrease), (in percent)			20.60%
Net contract assets (liabilities), increase (decrease)			$ 267.5
Contract assets (liabilities), current, net, increase (decrease), (in percent)			570.40%
Contract with customer, liability, revenue recognized	102.8	$ 68.7	$ 215.7	$ 197.1
Contract with customer, performance obligation satisfied in previous period	$ 34.2	$ 7.9	$ 22	$ 2.6

REVENUE - Performance obligatio

REVENUE - Performance obligations (Details) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, total amount	$ 9,039.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	26%
Revenue, remaining performance obligation, amount	$ 2,347.1
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 \| Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 2,030.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 \| Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 316.6
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	74%
Revenue, remaining performance obligation, amount	$ 3,370.3
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 \| Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 3,226.9
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 \| Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 143.4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 3,322
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 \| Subsea
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 2,668.9
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 \| Surface Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 653.1
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		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable segments \| segment			2
Segment Reporting Information
Total segment revenue	$ 1,717.2	$ 1,668.8	$ 3,273	$ 3,300.8
Total segment operating profit	107.1	85.3	164.8	130.5
Corporate expense	(22)	(30.3)	(51.5)	(59.1)
Net interest expense	(27.7)	(35.2)	(61.6)	(69.7)
Loss on early extinguishment of debt	(29.8)	0	(29.8)	(23.5)
Income (loss) from investment in Technip Energies	0.8	(146.8)	(27.7)	323.3
Foreign exchange gains (losses)	(0.8)	(10.7)	27.6	17.4
Income (loss) before income taxes	27.6	(137.7)	21.8	318.9
Operating Segments \| Subsea
Segment Reporting Information
Total segment revenue	1,414.6	1,394.3	2,703.7	2,780.8
Total segment operating profit	97.1	72.4	151.1	109.4
Operating Segments \| Surface Technologies
Segment Reporting Information
Total segment revenue	302.6	274.5	569.3	520
Total segment operating profit	10	12.9	13.7	21.1
Corporate
Segment Reporting Information
Total corporate items	$ (79.5)	$ (223)	$ (143)	$ 188.4

EARNINGS (LOSS) PER SHARE - Rec

EARNINGS (LOSS) PER SHARE - Reconciliation of number of shares used for basic and diluted earnings per share ("Eps") calculation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share
Income (loss) from continuing operations attributable to TechnipFMC plc	$ 2.1	$ (174.7)	$ (40.2)	$ 255.6
Loss from discontinued operations attributable to TechnipFMC plc	0	7.7	(19.4)	(54.4)
Net income (loss) attributable to TechnipFMC plc	$ 2.1	$ (167)	$ (59.6)	$ 201.2
Weighted average number of shares outstanding (in shares)	452.2	450.6	451.6	450.4
Total shares and dilutive securities (in shares)	456.8	450.6	451.6	454.9
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Basic (usd per share)	$ 0	$ (0.39)	$ (0.09)	$ 0.57
Earnings (loss) per share from continuing operations attributable to TechnipFMC plc Diluted (usd per share)	0	(0.39)	(0.09)	0.56
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc basic (usd per share)	0	0.02	(0.04)	(0.12)
Earnings (loss) per share from discontinued operations attributable to TechnipFMC plc diluted (usd per share)	0	0.02	(0.04)	(0.12)
Total earnings (loss) per share attributable to TechnipFMC plc Basic (usd per share)	0	(0.37)	(0.13)	0.45
Total earnings (loss) per share attributable to TechnipFMC plc Diluted (usd per share)	$ 0	$ (0.37)	$ (0.13)	$ 0.44
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	3.3	2.1	4.4	1.6
Share option awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1.6	1.6	1.6	1.6
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0	1.6	0
Performance shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1.7	0.5	1.2	0
Share option awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, amount (in shares)		5.3	4.6
Restricted share units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of restricted stock units (in shares)	4.6	0	0	3.8
Performance shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Dilutive effect of restricted stock units (in shares)	0	0	0	0.7

RECEIVABLES - Amortized cost ba

RECEIVABLES - Amortized cost basis of financial assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, originated in fiscal year before latest fiscal year	$ 80.3	$ 74.9
Moodys A3-Baa2 Rating
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, originated in fiscal year before latest fiscal year	55.5	50.9
Moody's, Caa1 Rating
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, originated in fiscal year before latest fiscal year	$ 24.8	$ 24

RECEIVABLES - Roll-forward of a

RECEIVABLES - Roll-forward of allowance for credit losses (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Contract assets
Allowance for credit losses at December 31, 2021	$ 1.1
Allowance for credit losses at June 30, 2022	1.2
Trade receivables
Trade receivables
Allowance for credit losses at December 31, 2021	38.1	$ 40.2
Current period provision (release) for expected credit losses	1.2	3.4
Recoveries	(2.1)	(0.1)
Allowance for credit losses at June 30, 2022	37.2	43.5
Contract assets
Contract assets
Allowance for credit losses at December 31, 2021	1.1	2.4
Current period provision (release) for expected credit losses	0.1	(0.6)
Recoveries	0	(1.6)
Allowance for credit losses at June 30, 2022	1.2	0.2
Loans receivable
Loans receivable
Allowance for credit losses at December 31, 2021	0.3	7.5
Current period provision (release) for expected credit losses	0.2	(0.7)
Recoveries	0	0.5
Allowance for credit losses at June 30, 2022	0.5	7.3
Security deposit and other
Security deposit and other
Allowance for credit losses at December 31, 2021	0.3	0.4
Current period provision (release) for expected credit losses	(0.3)	0
Recoveries	0	0
Allowance for credit losses at June 30, 2022	0	0.4
Held-to-maturity debt securities
Held-to-maturity debt securities
Allowance for credit losses at December 31, 2021	2.7	0.5
Current period provision (release) for expected credit losses	(1)	0
Recoveries	0	0
Allowance for credit losses at June 30, 2022	$ 1.7	$ 0.5

INVENTORIES - Components of inv

INVENTORIES - Components of inventories (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventory, Finished Goods and Work in Process, Gross [Abstract]
Raw materials	$ 318.2	$ 250.1
Work in process	180.1	178.7
Finished goods	568.8	603.1
Inventories, net	$ 1,067.1	$ 1,031.9

OTHER CURRENT ASSETS & OTHER _3

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Other current assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Other Current Assets and Other Current Liabilities [Abstract]
Value-added tax receivables	$ 226.7	$ 222.4
Withholding tax and other receivables	134.2	176.7
Prepaid expenses	71.8	50.7
Assets held for sale	19.2	5
Current financial assets at amortized cost	14.3	21.9
Held-to-maturity investments	9	8.8
Other	28	26.8
Total other current assets	$ 503.2	$ 512.3

OTHER CURRENT ASSETS & OTHER _4

OTHER CURRENT ASSETS & OTHER CURRENT LIABILITIES - Other current liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Other Current Assets and Other Current Liabilities [Abstract]
Legal provisions	$ 118.9	$ 121.7
Warranty accruals and project contingencies	97	119.5
Social security liability	62.2	70.4
Value-added tax and other taxes payable	59.6	71
Compensation accrual	32.6	85.7
Provisions	12.6	23.6
Current portion of accrued pension and other post-retirement benefits	3.9	5.2
Other accrued liabilities	162.5	163.3
Total other current liabilities	$ 549.3	$ 660.4

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
INVESTMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule of Equity Method Investments
Income from equity affiliates	$ 4.3	$ 12.8	$ 9.7	$ 20.5
Investments in equity affiliates	301.9		301.9		$ 292.4
Income (loss) from investment in Technip Energies			(27.7)	$ 323.3
Magnora ASA, Magnora Offshore Wind
Schedule of Equity Method Investments
Investments in equity affiliates	$ 2.5		$ 2.5
Equity method investment, ownership percentage	20%		20%

RELATED PARTY TRANSACTIONS - Tr

RELATED PARTY TRANSACTIONS - Trade receivables (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Total accounts receivable	$ 20.1	$ 29.7
Dofcon Navegacao \| Equity Method Investee
Related Party Transaction [Line Items]
Total accounts receivable	13	22.7
Techdof Brasil AS \| Equity Method Investee
Related Party Transaction [Line Items]
Total accounts receivable	5.4	4.5
Others \| Others
Related Party Transaction [Line Items]
Total accounts receivable	$ 1.7	$ 2.5

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Dofcon Brasil AS \| Equity Method Investee
Related Party Transaction [Line Items]
Note receivables	$ 0	$ 12.6

RELATED PARTY TRANSACTIONS - Re

RELATED PARTY TRANSACTIONS - Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Revenue	$ 5.1	$ 6.4	$ 8.4	$ 14.4
Dofcon Navegacao \| Equity Method Investee
Related Party Transaction [Line Items]
Revenue	3.8	1	5.4	1.2
Techdof Brasil AS \| Equity Method Investee
Related Party Transaction [Line Items]
Revenue	0	5.4	0	8.9
Others \| Others
Related Party Transaction [Line Items]
Revenue	$ 1.3	$ 0	$ 3	$ 4.3

RELATED PARTY TRANSACTIONS - Ex

RELATED PARTY TRANSACTIONS - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Expenses	$ 16.5	$ 11.2	$ 24.2	$ 28.1
Jumbo Shipping \| Equity Method Investee
Related Party Transaction [Line Items]
Expenses	8.3	0	8.3	0
Dofcon Navegacao \| Equity Method Investee
Related Party Transaction [Line Items]
Expenses	3	6.4	6.1	13
Others \| Others
Related Party Transaction [Line Items]
Expenses	$ 5.2	$ 4.8	$ 9.8	$ 15.1

DEBT - Schedule of long-term de

DEBT - Schedule of long-term debt (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jan. 29, 2021
Debt Instrument
Unamortized debt issuance costs and discounts	$ (11.3)	$ (22.3)
Total debt	1,474.7	2,004.9
Less: current borrowings	274	277.6
Long-term debt	$ 1,200.7	$ 1,727.3
Private Placement Notes \| 3.40% 2012 Private placement notes due 2022
Debt Instrument
Interest rate, stated percentage (in percent)	3.40%	3.40%
Long-term debt, gross	$ 0	$ 169.9
Private Placement Notes \| 3.15% 2013 Private placement notes due 2023
Debt Instrument
Interest rate, stated percentage (in percent)	3.15%	3.15%
Long-term debt, gross	$ 265	$ 288.8
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	$ 207.9	$ 226.5
Private Placement Notes \| 4.00% 2012 Private placement notes due 2027
Debt Instrument
Interest rate, stated percentage (in percent)	4%	4%
Long-term debt, gross	$ 77.9	$ 84.9
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	$ 103.9	$ 113.3
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	$ 103.9	$ 113.3
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	$ 633.1
Bank borrowings and other
Debt Instrument
Long-term debt, gross	354.5	397.4
Revolving credit facility
Debt Instrument
Long-term debt, gross	$ 170	$ 0

DEBT - Credit facilities and de

DEBT - Credit facilities and debt (Details) - USD ($)		3 Months Ended	6 Months Ended
DEBT - Credit facilities and debt (Details) - USD ($)	Feb. 16, 2021	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 29, 2021
Borrowings
Line of Credit Facility
Letters of credit outstanding amount		$ 170,000,000	$ 170,000,000
Revolving Credit Facility \| Minimum \| Euro loan
Line of Credit Facility
Debt instrument, basis spread on variable rate			2.50%
Revolving Credit Facility \| Minimum \| Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate			1.50%
Revolving Credit Facility \| Maximum \| Euro loan
Line of Credit Facility
Debt instrument, basis spread on variable rate			3.50%
Revolving Credit Facility \| Maximum \| Base Rate
Line of Credit Facility
Debt instrument, basis spread on variable rate			2.50%
Revolving Credit Facility \| Letter of Credit
Line of Credit Facility
Maximum borrowing capacity	$ 450,000,000
Letters of credit outstanding amount		45,400,000	$ 45,400,000
Line of credit facility borrowing capacity		784,600,000	784,600,000
Line of Credit \| Revolving Credit Facility
Line of Credit Facility
Maximum borrowing capacity	$ 1,000,000,000
Debt instrument, term	3 years
Senior Notes \| Note 2021
Line of Credit Facility
Debt issuance costs	$ 34,800,000
Debt issuance costs					$ 25,700,000
Tender purchased for cash		430,200,000	430,200,000
Cash paid premium to holders		21,500,000	21,500,000
Wrote-off of bond issuance costs.		$ 8,300,000	$ 8,300,000
Senior Notes \| 6.50% Senior notes due 2026
Line of Credit Facility
Debt instrument face amount					$ 1,000,000,000
Interest rate, stated percentage (in percent)		6.50%	6.50%	6.50%	6.50%

STOCKHOLDERS_ EQUITY - Accumula

STOCKHOLDERS’ EQUITY - Accumulated other comprehensive loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 3,490.4	$ 3,695.5	$ 3,418.4	$ 4,214.3
Other comprehensive income (loss), net of tax	(166.5)	93.4	(46.4)	56.5
Ending balance	3,344.4	3,629.3	3,344.4	3,629.3
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,033.1)		(1,158.4)
Other comprehensive income (loss) before reclassifications, net of tax	(125.2)		0.1
Reclassification adjustment for net losses included in net income (loss), net of tax	0		0
Other comprehensive income (loss), net of tax	(125.2)		0.1
Ending balance	(1,158.3)		(1,158.3)
Hedging
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(25.8)		(17.3)
Other comprehensive income (loss) before reclassifications, net of tax	(43.7)		(58.6)
Reclassification adjustment for net losses included in net income (loss), net of tax	5.4		11.8
Other comprehensive income (loss), net of tax	(38.3)		(46.8)
Ending balance	(64.1)		(64.1)
Defined Pension and Other Post-Retirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(126.4)		(129.3)
Other comprehensive income (loss) before reclassifications, net of tax	(1.3)		(1.5)
Reclassification adjustment for net losses included in net income (loss), net of tax	3.1		6.2
Other comprehensive income (loss), net of tax	1.8		4.7
Ending balance	(124.6)		(124.6)
Accumulated Other Comprehensive Loss Attributable to TechnipFMC plc
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,185.3)	(1,400.8)	(1,305)	(1,622.5)
Other comprehensive income (loss) before reclassifications, net of tax	(170.2)		(60)
Reclassification adjustment for net losses included in net income (loss), net of tax	8.5		18
Other comprehensive income (loss), net of tax	(161.7)	93.6	(42)	56.6
Ending balance	(1,347)	$ (1,294.9)	(1,347)	$ (1,294.9)
Accumulated Other Comprehensive Loss Attributable to Non-Controlling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(5.3)		(5.7)
Other comprehensive income (loss) before reclassifications, net of tax	(4.8)		(4.4)
Reclassification adjustment for net losses included in net income (loss), net of tax	0		0
Other comprehensive income (loss), net of tax	(4.8)		(4.4)
Ending balance	$ (10.1)		$ (10.1)

STOCKHOLDERS_ EQUITY - Reclassi

STOCKHOLDERS’ EQUITY - Reclassification out of other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification out of Accumulated Other Comprehensive Income
Revenue	$ (1,717.2)	$ (1,668.8)	$ (3,273)	$ (3,300.8)
Selling, general and administrative expense	(143.1)	(172.6)	(302.7)	(320.2)
Other income (expense), net	3	(1)	43.8	34.6
Income (loss) before income taxes	27.6	(137.7)	21.8	318.9
Provision for income taxes	19.8	34.9	48.3	59.4
Net income (loss)	7.8	(164.9)	(45.9)	207
Amount Reclassified out of Accumulated Other Comprehensive Loss
Reclassification out of Accumulated Other Comprehensive Income
Income (loss) before income taxes	(5.8)	(6.3)	(9.3)	(13.3)
Provision for income taxes	(2.7)	(1.3)	(3.1)	(3.4)
Net income (loss)	(3.1)	(5)	(6.2)	(9.9)
Amount Reclassified out of Accumulated Other Comprehensive Loss \| Defined Pension and Other Post-Retirement Benefits
Reclassification out of Accumulated Other Comprehensive Income
Amortization of prior service credit (cost)	(0.1)	(0.2)	(0.2)	(0.3)
Amortization of net actuarial loss	(5.7)	(6.1)	(9.1)	(13)
Foreign exchange contracts \| Cash Flow Hedging \| Amount Reclassified out of Accumulated Other Comprehensive Loss \| Hedging
Reclassification out of Accumulated Other Comprehensive Income
Revenue	(4.1)	15.6	0.5	26
Cost of sales	(6.6)	3.2	(7)	11.5
Selling, general and administrative expense	(0.2)	0.1	(0.3)	0.2
Other income (expense), net	(4.9)	2.9	(8.9)	6.9
Income (loss) before income taxes	(7.6)	(9.4)	(16.7)	(7.4)
Provision for income taxes	(2.2)	(4.7)	(4.9)	(5.4)
Net income (loss)	$ (5.4)	$ (4.7)	$ (11.8)	$ (2)

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - TechnipFMC plc Incentive Award Plan - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Apr. 28, 2022
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares authorized (in shares)					8.9
Stock-based compensation expense for nonvested stock units	$ 9.1	$ 7.3	$ 19	$ 10.7

IMPAIRMENT, RESTRUCTURING AND_3

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES - Restructuring, settlement and impairment provisions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	$ 7.2	$ 2	$ 8.2	$ 27.5
Subsea
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	2.6	1	(0.8)	20.7
Surface Technologies
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	4.4	1	6	3.8
Corporate and other
Restructuring Cost and Reserve [Line Items]
Total impairment, restructuring and other expenses	$ 0.2	$ 0	$ 3	$ 3

IMPAIRMENT, RESTRUCTURING AND_4

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Impairment, restructuring and other expenses	$ 7.2	$ 2	$ 8.2	$ 27.5
Operating lease right-of-use assets				$ 19.6

IMPAIRMENT, RESTRUCTURING AND_5

IMPAIRMENT, RESTRUCTURING AND OTHER EXPENSES - Restructuring and other expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and other expenses	$ 7.2	$ 1.2	$ 7.1	$ 7.9
Subsea
Restructuring Cost and Reserve [Line Items]
Restructuring and other expenses	2.6	0.4	(0.8)	4.4
Surface Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring and other expenses	4.4	0.8	4.9	3.5
Corporate and other
Restructuring Cost and Reserve [Line Items]
Restructuring and other expenses	$ 0.2	$ 0	$ 3	$ 0

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES - Narratives (Details) - USD ($) $ in Millions		1 Months Ended	6 Months Ended
	Jun. 25, 2019	Sep. 30, 2019	Jun. 30, 2022
Guarantor Obligations
Litigation settlement, amount awarded to other party	$ 301.3
Litigation settlement, expense		$ 5.1
Estimated litigation liability			$ 70
Brazilian Authorities
Guarantor Obligations
Period anti-corruption program reports will be provided	2 years
Self reporting period under leniency agreement	2 years
U.S. Authorities
Guarantor Obligations
Period anti-corruption program reports will be provided	3 years
DOJ
Guarantor Obligations
Deferred Prosecution Agreement term	3 years
Indirect guarantee of indebtedness
Guarantor Obligations
Guarantor obligations, term of obligation (in years)			5 years

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES - Guarantees of our consolidated subsidiaries (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Guarantor Obligations
Maximum potential undiscounted payments	$ 1,239.9	$ 1,246.4
Financial guarantees
Guarantor Obligations
Maximum potential undiscounted payments	206.4	177.4
Performance guarantees
Guarantor Obligations
Maximum potential undiscounted payments	$ 1,033.5	$ 1,069

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
INCOME TAXES (Details)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	71.70%	(25.30%)	221.60%	18.60%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of notional amounts of outstanding derivative positions (Details) - Jun. 30, 2022 € in Millions, ₨ in Millions, د.ك in Millions, £ in Millions, kr in Millions, Rp in Millions, RM in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions

EUR (€)

USD ($)

NOK (kr)

AUD ($)

SGD ($)

GBP (£)

IDR (Rp)

CAD ($)

INR (₨)

MXN ($)

KWD (د.ك)

BRL (R$)

MYR (RM)

Foreign Exchange Forward | Euro | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

€ 1,592.8

$ 1,655.4

Foreign Exchange Forward | Norwegian krone | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

241.4

kr 2,400

Foreign Exchange Forward | Australian dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

161

$ 234

Foreign Exchange Forward | Singapore dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

64.3

$ 89.6

Foreign Exchange Forward | Canadian dollar | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

19.6

$ 25.2

Foreign Exchange Forward | Indonesian rupiah | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

27.9

Rp 415,522

Foreign Exchange Forward | Indian rupee | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

12.8

₨ 1,010.8

Foreign Exchange Forward | Mexican peso | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

2.6

$ 52.1

Foreign Exchange Forward | Kuwaiti dinar | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

13.7

د.ك 4.2

Foreign Exchange Forward | Brazilian real | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

54.3

R$ 284.2

Foreign Exchange Forward | Malaysian ringgit | Notional Amount Sold

Derivative [Line Items]

Derivative, notional amount

116.2

RM 512.3

Foreign Exchange Forward | British pound | Notional Amount Bought

Derivative [Line Items]

Derivative, notional amount

59.8

£ 49.4

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

Derivative [Line Items]

Derivative, notional amount

801.5

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

Derivative [Line Items]

Derivative, notional amount

€ 3

3.1

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

Derivative [Line Items]

Derivative, notional amount

kr 30.3

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

Derivative [Line Items]

Derivative, notional amount

15.5

R$ 80.9

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

Derivative [Line Items]

Derivative, notional amount

$ 13.9

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Fair value of derivative instruments in balance sheets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivatives, Fair Value
Derivative assets	$ 238.1		$ 238.1		$ 120.8
Derivative liabilities	395		395		176.5
Foreign exchange contracts \| Cash Flow Hedging
Derivatives, Fair Value
Foreign exchange contracts	(43.9)	$ (0.2)	(63.7)	$ (20.4)
Derivatives Designated As Hedging Instruments \| Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	228.2		228.2		116.9
Derivative liabilities	345.2		345.2		155
Derivatives Designated As Hedging Instruments \| Foreign exchange contracts \| Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	203.5		203.5		106.4
Derivative liabilities	292.2		292.2		139.5
Derivatives Designated As Hedging Instruments \| Foreign exchange contracts \| Long-term - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	24.7		24.7		10.5
Derivative liabilities	53		53		15.5
Derivatives Not Designated As Hedging Instruments \| Foreign exchange contracts
Derivatives, Fair Value
Derivative assets	9.9		9.9		3.9
Derivative liabilities	49.8		49.8		21.5
Derivatives Not Designated As Hedging Instruments \| Foreign exchange contracts \| Current - Derivative financial instruments
Derivatives, Fair Value
Derivative assets	9.9		9.9		3.9
Derivative liabilities	$ 49.8		$ 49.8		$ 21.5

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Accumulated other comprehensive gains (losses) on forecasted cash flow hedges	$ 3,319.4	$ 3,402.7
Cash flow hedge gain (loss) expected to be reclassified within 12 months	$ (32.9)
Hedges maturity year	2024
Hedging
Derivative [Line Items]
Accumulated other comprehensive gains (losses) on forecasted cash flow hedges	$ (65.7)	$ (18.7)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Location of gain (loss) recognized in income related to hedges and derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	$ 1,717.2	$ 1,668.8	$ 3,273	$ 3,300.8
Selling, general and administrative expense	(143.1)	(172.6)	(302.7)	(320.2)
Other income (expense), net	3	(1)	43.8	34.6
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		1.2	(0.1)	1.4
Total	6.4	(15.2)	2.4	(24.4)
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	(1)	0.1	(1.4)	0.6
Total	(10.1)	1.8	(12.2)	9.4
Foreign exchange contracts \| Selling, general and administrative expense
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	0	0	0
Total	0.2	(0.8)	0.2	0.2
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	(15.5)	44.8	14	33.4
Total	(24.2)	46.3	(14.5)	38.3
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	2.3	(0.8)	3	0.2
Total cash flow hedge gain (loss) recognized in income	6.4	(16.4)	2.5	(25.8)
Total hedge gain (loss) recognized in income	6.4	(16.4)
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	(2.5)	(1.5)	(3.8)	(2.7)
Total cash flow hedge gain (loss) recognized in income	(9.1)	1.7	(10.8)	8.8
Total hedge gain (loss) recognized in income	(9.1)	1.7
Foreign exchange contracts \| Cash Flow Hedging \| Selling, general and administrative expense
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Amounts excluded from effectiveness testing	0.4	(0.9)	0.5	0
Total cash flow hedge gain (loss) recognized in income	0.2	(0.8)	0.2	0.2
Total hedge gain (loss) recognized in income	0.2	(0.8)
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	(3.8)	(1.4)	(19.6)	(2)
Total cash flow hedge gain (loss) recognized in income	(8.7)	1.5	(28.5)	4.9
Total hedge gain (loss) recognized in income	(8.7)	1.5
Foreign exchange contracts \| Cash Flow Hedging \| Amount Reclassified out of Accumulated Other Comprehensive Loss \| Hedging
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	4.1	(15.6)	(0.5)	(26)
Cost of sales	(6.6)	3.2	(7)	11.5
Selling, general and administrative expense	(0.2)	0.1	(0.3)	0.2
Other income (expense), net	(4.9)	2.9	(8.9)	6.9
Foreign exchange contracts \| Cash Flow Hedging \| Amount Reclassified out of Accumulated Other Comprehensive Loss \| Hedging \| Revenue
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Total revenue	4.1	(15.6)	(0.5)	(26)
Foreign exchange contracts \| Cash Flow Hedging \| Amount Reclassified out of Accumulated Other Comprehensive Loss \| Hedging \| Cost of sales
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Cost of sales	(6.6)	3.2	(7)	11.5
Foreign exchange contracts \| Cash Flow Hedging \| Amount Reclassified out of Accumulated Other Comprehensive Loss \| Hedging \| Selling, general and administrative expense
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Selling, general and administrative expense	(0.2)	0.1	(0.3)	0.2
Foreign exchange contracts \| Cash Flow Hedging \| Amount Reclassified out of Accumulated Other Comprehensive Loss \| Hedging \| Other income (expense), net
Location of gain (loss) recognized in income related to hedges and derivatives [Line Items]
Other income (expense), net	$ (4.9)	$ 2.9	$ (8.9)	$ 6.9

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Offsetting assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative assets
Gross Amount Recognized	$ 238.1	$ 120.8
Gross Amounts Not Offset, Permitted Under Master Netting Agreements	(133.9)	(78.6)
Net Amount	104.2	42.2
Derivative liabilities
Gross Amount Recognized	395	176.5
Gross Amounts Not Offset Permitted Under Master Netting Agreements	(133.9)	(78.6)
Net Amount	$ 261.1	$ 97.9

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and liabilities measured on a recurring basis (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets, Fair Value Disclosure [Abstract]
Investment in Technip Energies	$ 301.9	$ 292.4
Equity securities	0	317.3
Foreign exchange contracts	104.2	42.2
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	261.1	97.9
Fair Value, Measurements, Recurring
Assets, Fair Value Disclosure [Abstract]
Investment in Technip Energies	0	317.3
Equity securities	19.9	25
Held-to-maturity debt securities	23.7	24
Total assets	284	489.8
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	395	176.5
Fair Value, Measurements, Recurring \| Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	238.1	120.8
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	395	176.5
Fair Value, Measurements, Recurring \| Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market fund	2	2.4
Stable value fund	0.3	0.3
Fair Value, Measurements, Recurring \| Level 1
Assets, Fair Value Disclosure [Abstract]
Investment in Technip Energies	0	317.3
Equity securities	19.9	25
Held-to-maturity debt securities	0	0
Total assets	19.9	342.3
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 1 \| Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market fund	0	0
Stable value fund	0	0
Fair Value, Measurements, Recurring \| Level 2
Assets, Fair Value Disclosure [Abstract]
Investment in Technip Energies	0	0
Equity securities	0	0
Held-to-maturity debt securities	23.7	24
Total assets	263.8	147.2
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	395	176.5
Fair Value, Measurements, Recurring \| Level 2 \| Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	238.1	120.8
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	395	176.5
Fair Value, Measurements, Recurring \| Level 2 \| Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market fund	2	2.4
Stable value fund	0	0
Fair Value, Measurements, Recurring \| Level 3
Assets, Fair Value Disclosure [Abstract]
Investment in Technip Energies	0	0
Equity securities	0	0
Held-to-maturity debt securities	0	0
Total assets	0
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Foreign exchange contracts
Assets, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange contracts	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Nonqualified Plan
Assets, Fair Value Disclosure [Abstract]
Money market fund	0	0
Stable value fund	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	6 Months Ended
FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets impairment	$ 1.1	$ 19.6
Property, Plant and Equipment \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets, fair value		$ 31.6

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Debt, fair value	$ 1,126.5	$ 1,706.1

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Subsequent Event $ in Millions	Jul. 27, 2022 USD ($)
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 400
Share repurchase program percent (more than)	14%