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Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2012
Segment Reporting, Measurement Disclosures [Abstract]  
Segment revenue, segment operating profit and corporate items
Segment revenue and segment operating profit
 
Year Ended December 31,
(In millions)
2012
 
2011
 
2010
Segment revenue
 
 
 
 
 
Subsea Technologies (1)
$
4,005.5

 
$
3,288.1

 
$
2,730.9

Surface Technologies
1,598.1

 
1,310.8

 
954.3

Energy Infrastructure
576.2

 
503.4

 
454.4

Other revenue (2) and intercompany eliminations
(28.4
)
 
(3.3
)
 
(14.0
)
Total revenue
$
6,151.4

 
$
5,099.0

 
$
4,125.6

Income before income taxes:
 
 
 
 
 
Segment operating profit:
 
 
 
 
 
Subsea Technologies
$
451.5

 
$
319.9

 
$
422.2

Surface Technologies
284.3

 
250.1

 
173.4

Energy Infrastructure
48.9

 
49.3

 
37.8

Total segment operating profit
784.7

 
619.3

 
633.4

Corporate items:
 
 
 
 
 
Corporate expense (3)
(41.8
)
 
(39.4
)
 
(40.2
)
Other revenue (2) and other (expense), net (4)
(119.9
)
 
(22.6
)
 
(48.9
)
Net interest expense
(26.6
)
 
(8.2
)
 
(8.8
)
Total corporate items
(188.3
)
 
(70.2
)
 
(97.9
)
Income from continuing operations before income taxes attributable to FMC Technologies, Inc.
$
596.4

 
$
549.1

 
$
535.5

 
______________________________
(1)
We had one customer in our Subsea Technologies segment that comprised approximately $625.9 million of our consolidated revenue for the year ended December 31, 2012. We had two customers in our Subsea Technologies segment that comprised approximately $633.5 million and $540.7 million of our consolidated revenue for the year ended December 31, 2011, and $535.8 million and $430.8 million of our consolidated revenue for the year ended December 31, 2010.
(2)
Other revenue comprises certain unrealized gains and losses on derivative instruments related to unexecuted sales contracts.
(3)
Corporate expense primarily includes corporate staff expenses.
(4)
Other expense, net, generally includes stock-based compensation, other employee benefits, LIFO adjustments, certain foreign exchange gains and losses, and the impact of unusual or strategic transactions not representative of segment operations.
Segment operating capital employed and segment assets
Segment operating capital employed and segment assets
 
December 31,
(In millions)
2012
 
2011
Segment operating capital employed (1):
 
 
 
Subsea Technologies
$
1,919.3

 
$
1,218.2

Surface Technologies
1,185.3

 
620.5

Energy Infrastructure
468.0

 
365.5

Total segment operating capital employed
3,572.6

 
2,204.2

Segment liabilities included in total segment operating capital employed (2)
1,824.2

 
1,521.1

Corporate (3)
506.1

 
545.7

Total assets
$
5,902.9

 
$
4,271.0

Segment assets:
 
 
 
Subsea Technologies
$
3,318.4

 
$
2,377.7

Surface Technologies
1,487.9

 
879.1

Energy Infrastructure
609.9

 
488.0

Intercompany eliminations
(19.4
)
 
(19.5
)
Total segment assets
5,396.8

 
3,725.3

Corporate (3)
506.1

 
545.7

Total assets
$
5,902.9

 
$
4,271.0

______________________________
(1)
FMC Technologies’ management views segment operating capital employed, which consists of assets, net of its liabilities, as the primary measure of segment capital. Segment operating capital employed excludes debt, pension liabilities, income taxes and LIFO inventory reserves.
(2)
Segment liabilities included in total segment operating capital employed consist of trade and other accounts payable, advance payments and progress billings, accrued payroll and other liabilities.
(3)
Corporate includes cash, LIFO inventory reserves, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.
Geographic segment information
Geographic segment information
Geographic segment sales were identified based on the location where our products and services were delivered. Geographic segment long-lived assets represent property, plant and equipment, net.
 
 
Year Ended December 31,
(In millions)
2012
 
2011
 
2010
Revenue (by location of customer):
 
 
 
 
 
United States
$
1,541.6

 
$
1,156.4

 
$
939.9

Norway
1,231.1

 
966.0

 
703.4

Angola
598.0

 
514.4

 
564.7

Brazil
561.2

 
541.9

 
360.1

All other countries
2,219.5

 
1,920.3

 
1,557.5

Total revenue
$
6,151.4

 
$
5,099.0

 
$
4,125.6

 
December 31,
(In millions)
2012
 
2011
 
2010
Long-lived assets:
 
 
 
 
 
United States
$
424.0

 
$
238.7

 
$
185.3

Norway
197.4

 
169.7

 
153.7

Brazil
161.4

 
126.2

 
93.3

Canada
107.3

 
6.0

 
3.2

All other countries
353.4

 
227.3

 
173.5

Total long-lived assets
$
1,243.5

 
$
767.9

 
$
609.0
Reconciliation of other significant reconciling items from segments to consolidated
Other business segment information
 
 
Capital Expenditures
Year Ended
December 31,
 
Depreciation and
Amortization
Year Ended
December 31,
 
Research and
Development Expense
Year Ended
December 31,
(In millions)
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Subsea Technologies
$
255.4

 
$
179.9

 
$
79.1

 
$
85.5

 
$
66.6

 
$
64.5

 
$
81.9

 
$
67.1

 
$
50.7

Surface Technologies
110.1

 
79.7

 
26.4

 
38.8

 
23.0

 
19.0

 
12.2

 
8.3

 
5.5

Energy Infrastructure
12.8

 
12.5

 
6.4

 
17.8

 
14.9

 
14.6

 
22.7

 
15.1

 
11.8

Corporate
27.3

 
1.9

 
0.6

 
4.1

 
3.3

 
3.2

 
—

 
—

 
—

Total
$
405.6

 
$
274.0

 
$
112.5

 
$
146.2

 
$
107.8

 
$
101.3

 
$
116.8

 
$
90.5

 
$
68.0