Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment revenue and segment operating profit were as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2015			2014			2015			2014
Segment revenue
Subsea Technologies⁽⁵⁾	$	1,093.7		$	1,300.4		$	3,490.3		$	3,831.0
Surface Technologies	361.0			556.0			1,170.6			1,546.4
Energy Infrastructure	97.1			124.9			299.4			419.6
Other revenue⁽¹⁾and intercompany eliminations	(6.8		)	(4.6		)	(24.9		)	(10.6		)
Total revenue	$	1,545.0		$	1,976.7		$	4,935.4		$	5,786.4
Income before income taxes:
Segment operating profit (loss):
Subsea Technologies⁽⁵⁾	$	170.7		$	204.4		$	522.9		$	539.8
Surface Technologies ⁽⁶⁾	(22.5		)	109.5			67.9			276.6
Energy Infrastructure	(2.0		)	5.1			6.2			38.8
Intercompany eliminations	—			0.1			—			—
Total segment operating profit	146.2			319.1			597.0			855.2
Corporate items:
Corporate expense ⁽²⁾	(14.7		)	(16.1		)	(45.0		)	(47.8		)
Other revenue⁽¹⁾and other expense, net ⁽³⁾	(21.9		)	(35.1		)	(77.8		)	13.2
Net interest expense	(8.1		)	(8.0		)	(24.4		)	(24.5		)
Total corporate items	(44.7		)	(59.2		)	(147.2		)	(59.1		)
Income before income taxes attributable to FMC Technologies, Inc. ⁽⁴⁾	$	101.5		$	259.9		$	449.8		$	796.1

_______________________


⁽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.


⁽⁴⁾	Excludes amounts attributable to noncontrolling interests.


⁽⁵⁾	Results of FTO Services are reported in Subsea Technologies. Refer to Note 7 for additional information.


⁽⁶⁾	Includes asset impairment charges. Refer to Note 4 for additional information.

Segment operating capital employed and assets were as follows:



(In millions)	September 30, 2015			December 31, 2014
Segment operating capital employed ⁽¹⁾:
Subsea Technologies ⁽⁴⁾	$	2,234.6		$	2,175.2
Surface Technologies	1,074.7			1,183.6
Energy Infrastructure	303.5			313.9
Total segment operating capital employed	3,612.8			3,672.7
Segment liabilities included in total segment operating capital employed ⁽²⁾	1,855.9			2,402.3
Corporate ⁽³⁾	1,242.5			1,097.1
Total assets	$	6,711.2		$	7,172.1
Segment assets:
Subsea Technologies⁽⁴⁾	$	3,738.5		$	4,066.1
Surface Technologies	1,331.2			1,587.8
Energy Infrastructure	415.8			442.3
Intercompany eliminations	(16.8		)	(21.2		)
Total segment assets	5,468.7			6,075.0
Corporate ⁽³⁾	1,242.5			1,097.1
Total assets	$	6,711.2		$	7,172.1

_______________________


⁽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 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.


⁽⁴⁾	Results of FTO Services are reported in Subsea Technologies. Refer to Note 7 for additional information.