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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Revenue, Segment Operating Profit And Corporate Items
Segment revenue and segment operating profit were as follows: 
 
Three Months Ended March 31,
(In millions)
2013
 
2012
Segment revenue
 
 
 
Subsea Technologies
$
1,092.2

 
$
894.9

Surface Technologies
421.7

 
377.8

Energy Infrastructure
135.6

 
137.0

Other revenue (1) and intercompany eliminations
(3.5
)
 
(13.1
)
Total revenue
$
1,646.0

 
$
1,396.6

Income before income taxes:
 
 
 
Segment operating profit:
 
 
 
Subsea Technologies
$
99.4

 
$
75.1

Surface Technologies
57.3

 
78.0

Energy Infrastructure
10.1

 
9.3

Intercompany eliminations
(0.2
)
 

Total segment operating profit
166.6

 
162.4

Corporate items:
 
 
 
Corporate expense (2)
(10.3
)
 
(8.5
)
Other revenue (1) and other expense, net (3) 
(17.0
)
 
(20.9
)
Net interest expense
(8.1
)
 
(3.5
)
Total corporate items
(35.4
)
 
(32.9
)
Income before income taxes attributable to FMC Technologies, Inc.
$
131.2

 
$
129.5

 _______________________  
(1)
Other revenue comprises certain unrealized gains and losses on derivative instruments related to unexecuted sales contracts.
(2)
Corporate expense primarily includes corporate staff expenses.
(3)
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
(In millions)
March 31, 2013
 
December 31, 2012
Segment operating capital employed (1):
 
 
 
Subsea Technologies
$
2,112.0

 
$
1,919.3

Surface Technologies
1,209.0

 
1,185.3

Energy Infrastructure
475.4

 
468.0

Total segment operating capital employed
3,796.4

 
3,572.6

Segment liabilities included in total segment operating capital employed (2)
1,824.6

 
1,824.2

Corporate (3)
454.1

 
506.1

Total assets
$
6,075.1

 
$
5,902.9

Segment assets:
 
 
 
Subsea Technologies
$
3,561.4

 
$
3,318.4

Surface Technologies
1,480.1

 
1,487.9

Energy Infrastructure
606.5

 
609.9

Intercompany eliminations
(27.0
)
 
(19.4
)
Total segment assets
5,621.0

 
5,396.8

Corporate (3)
454.1

 
506.1

Total assets
$
6,075.1

 
$
5,902.9

  _______________________  
(1)
FMC’s 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 and valuation adjustments.
(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 adjustments, deferred income tax balances, property, plant and equipment not associated with a specific segment, pension assets and the fair value of derivative financial instruments.