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Business Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting, Measurement Disclosures [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
We report the results of operations in the following segments: Subsea Technologies, Surface Technologies and Energy Infrastructure. Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and corresponds to the manner in which our chief operating decision maker reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. In addition to our strategic priorities, segment reporting is also based on differences in the products and services we provide.
Our reportable segments are:
•
Subsea Technologies—designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. FTO Services and Forsys Subsea are included in the results of operations and capital employed of the Subsea Technologies segment. Refer to Note 7 for additional information.
•
Surface Technologies—designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore 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 wireline services for exploration companies in the oil and gas industry.
•
Energy Infrastructure—manufactures and supplies liquid and gas measurement and transportation equipment and systems to customers involved in the production, transportation and processing of crude oil, natural gas and petroleum-based refined products.
Beginning in the third quarter of 2013 and in conjunction with management's efforts to accelerate the development and commercialization of subsea boosting technology for subsea markets, our direct drive systems technology development, previously reported in Energy Infrastructure, is now reported in Subsea Technologies.
Total revenue by segment includes intersegment sales, which are made at prices approximating those that the selling entity is able to obtain on external sales. Segment operating profit is defined as total segment revenue less segment operating expenses. The following items have been excluded in computing segment operating profit: corporate staff expense, net interest income (expense) associated with corporate debt facilities, income taxes, and other revenue and other expense, net.
Segment revenue and segment operating profit
 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Segment revenue
 
 
 
 
 
Subsea Technologies (1)
$
4,509.0

 
$
5,266.4

 
$
4,726.9

Surface Technologies
1,487.6

 
2,130.7

 
1,806.8

Energy Infrastructure
395.4

 
557.4

 
617.2

Other revenue (2) and intercompany eliminations
(29.3
)
 
(11.9
)
 
(24.7
)
Total revenue
$
6,362.7

 
$
7,942.6

 
$
7,126.2

Income before income taxes:
 
 
 
 
 
Segment operating profit: (6)
 
 
 
 
 
Subsea Technologies
$
630.2

 
$
748.2

 
$
548.2

Surface Technologies
60.6

 
393.0

 
257.2

Energy Infrastructure
3.2

 
52.5

 
74.3

Intercompany eliminations
0.2

 
(0.3
)
 
(0.1
)
Total segment operating profit
694.2

 
1,193.4

 
879.6

Corporate items:
 
 
 
 
 
Corporate expense (3)
(60.2
)
 
(66.3
)
 
(46.3
)
Other revenue (2) and other expense, net (4)
(100.8
)
 
(33.7
)
 
(85.6
)
Net interest expense
(32.3
)
 
(32.5
)
 
(33.7
)
Total corporate items
(193.3
)
 
(132.5
)
 
(165.6
)
Income before income taxes attributable to FMC Technologies, Inc. (5)
$
500.9

 
$
1,060.9

 
$
714.0

 
______________________________
(1) 
We had one customer in our Subsea Technologies segment that comprised approximately $875.9 million of our consolidated revenue for the year ended December 31, 2013.
(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.
(6) 
Includes restructuring and impairment expenses in 2015 and 2014. Refer to Note 4 for additional information.

Segment operating capital employed and segment assets
 
December 31,
(In millions)
2015
 
2014
Segment operating capital employed (1):
 
 
 
Subsea Technologies
$
2,025.7

 
$
2,175.2

Surface Technologies
911.9

 
1,183.6

Energy Infrastructure
281.5

 
313.9

Total segment operating capital employed
3,219.1

 
3,672.7

Segment liabilities included in total segment operating capital employed (2)
1,806.1

 
2,402.3

Corporate (3)
1,412.7

 
1,097.1

Total assets
$
6,437.9

 
$
7,172.1

Segment assets:
 
 
 
Subsea Technologies
$
3,512.3

 
$
4,066.1

Surface Technologies
1,131.9

 
1,587.8

Energy Infrastructure
396.7

 
442.3

Intercompany eliminations
(15.7
)
 
(21.2
)
Total segment assets
5,025.2

 
6,075.0

Corporate (3)
1,412.7

 
1,097.1

Total assets
$
6,437.9

 
$
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, 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 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)
2015
 
2014
 
2013
Revenue:
 
 
 
 
 
United States
$
1,721.5

 
$
2,245.3

 
$
1,940.4

Nigeria
622.1

 
627.0

 
335.0

Brazil
516.9

 
831.6

 
689.0

Norway
492.1

 
1,023.3

 
1,217.7

Angola
485.1

 
406.7

 
516.0

All other countries
2,525.0

 
2,808.7

 
2,428.1

Total revenue
$
6,362.7

 
$
7,942.6

 
$
7,126.2

 
December 31,
(In millions)
2015
 
2014
Long-lived assets:
 
 
 
United States
$
501.6

 
$
490.5

Norway
242.4

 
250.8

Malaysia
118.5

 
112.6

Brazil
116.5

 
169.1

United Kingdom
93.9

 
147.0

All other countries
298.6

 
288.4

Total long-lived assets
$
1,371.5

 
$
1,458.4


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)
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Subsea Technologies
$
175.6

 
$
268.7

 
$
235.0

 
$
154.3

 
$
138.0

 
$
119.5

 
$
110.7

 
$
92.2

 
$
87.1

Surface Technologies
69.4

 
124.6

 
70.1

 
74.4

 
72.0

 
68.0

 
16.1

 
21.6

 
15.6

Energy Infrastructure
3.6

 
10.5

 
8.3

 
16.7

 
16.6

 
16.5

 
9.5

 
11.3

 
12.2

Corporate
2.2

 
0.6

 
0.7

 
6.2

 
5.9

 
5.8

 
—

 
—

 
—

Intercompany eliminations
—

 
—

 
—

 
—

 
—

 
—

 
(1.0
)
 
(1.4
)
 
(2.5
)
Total
$
250.8

 
$
404.4

 
$
314.1

 
$
251.6

 
$
232.5

 
$
209.8

 
$
135.3

 
$
123.7

 
$
112.4