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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
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)
2014
 
2013
 
2012
Segment revenue
 
 
 
 
 
Subsea Technologies (1)
$
5,266.4

 
$
4,726.9

 
$
4,006.8

Surface Technologies
2,130.7

 
1,806.8

 
1,598.1

Energy Infrastructure
557.4

 
617.2

 
574.1

Other revenue (2) and intercompany eliminations
(11.9
)
 
(24.7
)
 
(27.6
)
Total revenue
$
7,942.6

 
$
7,126.2

 
$
6,151.4

Income before income taxes:
 
 
 
 
 
Segment operating profit:
 
 
 
 
 
Subsea Technologies
$
748.2

 
$
548.2

 
$
432.2

Surface Technologies
393.0

 
257.2

 
284.3

Energy Infrastructure
52.5

 
74.3

 
68.2

Intercompany eliminations
(0.3
)
 
(0.1
)
 

Total segment operating profit
1,193.4

 
879.6

 
784.7

Corporate items:
 
 
 
 
 
Corporate expense (3)
(66.3
)
 
(46.3
)
 
(41.8
)
Other revenue (2) and other expense, net (4)
(33.7
)
 
(85.6
)
 
(119.9
)
Net interest expense
(32.5
)
 
(33.7
)
 
(26.6
)
Total corporate items
(132.5
)
 
(165.6
)
 
(188.3
)
Income before income taxes attributable to FMC Technologies, Inc. (5)
$
1,060.9

 
$
714.0

 
$
596.4

 
______________________________
(1) 
We had one customer in our Subsea Technologies segment that comprised approximately $875.9 million and $625.9 million of our consolidated revenue for the year ended December 31, 2013 and 2012, respectively.
(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.
(5) 
Excludes amounts attributable to noncontrolling interests.
Segment operating capital employed and segment assets
Segment operating capital employed and segment assets
 
December 31,
(In millions)
2014
 
2013
Segment operating capital employed (1):
 
 
 
Subsea Technologies
$
2,175.2

 
$
2,126.3

Surface Technologies
1,183.6

 
1,139.1

Energy Infrastructure
313.9

 
345.4

Total segment operating capital employed
3,672.7

 
3,610.8

Segment liabilities included in total segment operating capital employed (2)
2,402.3

 
2,272.8

Corporate (3)
1,100.6

 
722.0

Total assets
$
7,175.6

 
$
6,605.6

Segment assets:
 
 
 
Subsea Technologies
$
4,066.1

 
$
3,923.6

Surface Technologies
1,587.8

 
1,484.0

Energy Infrastructure
442.3

 
496.4

Intercompany eliminations
(21.2
)
 
(20.4
)
Total segment assets
6,075.0

 
5,883.6

Corporate (3)
1,100.6

 
722.0

Total assets
$
7,175.6

 
$
6,605.6

______________________________
(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, certain investments, 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.
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)
2014
 
2013
 
2012
Revenue:
 
 
 
 
 
United States
$
2,245.3

 
$
1,940.4

 
$
1,541.6

Norway
1,023.3

 
1,217.7

 
1,231.1

Brazil
831.6

 
689.0

 
561.2

Nigeria
627.0

 
335.0

 
192.7

Angola
406.7

 
516.0

 
598.0

All other countries
2,808.7

 
2,428.1

 
2,026.8

Total revenue
$
7,942.6

 
$
7,126.2

 
$
6,151.4

 
December 31,
(In millions)
2014
 
2013
Long-lived assets:
 
 
 
United States
$
490.5

 
$
443.4

Norway
250.8

 
223.3

Brazil
169.1

 
166.3

United Kingdom
147.0

 
137.2

Malaysia
112.6

 
100.8

All other countries
288.4

 
278.1

Total long-lived assets
$
1,458.4

 
$
1,349.1

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)
2014
 
2013
 
2012
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Subsea Technologies
$
268.7

 
$
235.0

 
$
257.9

 
$
138.0

 
$
119.5

 
$
89.3

 
$
92.2

 
$
87.1

 
$
93.9

Surface Technologies
124.6

 
70.1

 
110.1

 
72.0

 
68.0

 
38.8

 
21.6

 
15.6

 
12.2

Energy Infrastructure
10.5

 
8.3

 
10.3

 
16.6

 
16.5

 
14.0

 
11.3

 
12.2

 
10.7

Corporate
0.6

 
0.7

 
27.3

 
5.9

 
5.8

 
4.1

 

 

 

Intercompany eliminations

 

 

 

 

 

 
(1.4
)
 
(2.5
)
 

Total
$
404.4

 
$
314.1

 
$
405.6

 
$
232.5

 
$
209.8

 
$
146.2

 
$
123.7

 
$
112.4

 
$
116.8