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STOCKHOLDERS’ EQUITY
6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
On April 22, 2025, the Company announced that its Board of Directors authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 4, 2025 to shareholders and represents $0.20 per share on an annualized basis. The cash dividends paid during the three and six months ended June 30, 2025 were $20.6 million and $41.6 million, respectively, and for the three and six months ended June 30, 2024 were $21.5 million and $43.2 million, respectively.
On October 23, 2024, our Board of Directors authorized an additional $1.0 billion in share repurchases, increasing the Company’s total authorization under our share repurchase program to $1.8 billion of outstanding ordinary shares. Pursuant to this program, we repurchased $250.1 million and $500.2 million during the three and six months ended June 30, 2025, respectively, and $100.0 million and $250.1 million during the three and six months ended June 30, 2024, respectively.
Based upon the remaining repurchase authority of $594.4 million and the closing stock price as of June 30, 2025, approximately 17.3 million ordinary shares could be subject to repurchase. Since the initial share repurchase authorization in July 2022, we have purchased an aggregate amount of $1,205.6 million of ordinary shares through June 30, 2025. All shares repurchased were immediately cancelled.
Accumulated other comprehensive income (loss) for the three and six months ended June 30, 2025 and 2024 consisted of the following:
(In millions)Foreign Currency
Translation
HedgingDefined Pension 
and Other
Post-Retirement
Benefits
Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc
Accumulated Other
Comprehensive
Loss Attributable
to Non-Controlling Interest
March 31, 2025$(1,296.3)$(71.7)$(154.8)$(1,522.8)$(6.1)
Other comprehensive income (loss) before reclassifications, net of tax121.2 50.7 (3.4)168.5 0.2 
Reclassification adjustment for net losses included in net income (loss), net of tax— 4.8 2.4 7.2 — 
Other comprehensive income (loss), net of tax121.2 55.5 (1.0)175.7 0.2 
June 30, 2025$(1,175.1)$(16.2)$(155.8)$(1,347.1)$(5.9)
March 31, 2024$(1,172.8)$(16.6)$(137.4)$(1,326.8)$(5.9)
Other comprehensive loss before reclassifications, net of tax(89.3)(20.7)(0.8)(110.8)(0.3)
Reclassification adjustment for net (gains) losses included in net income, net of tax— (3.7)3.0 (0.7)— 
Other comprehensive income (loss), net of tax(89.3)(24.4)2.2 (111.5)(0.3)
June 30, 2024$(1,262.1)$(41.0)$(135.2)$(1,438.3)$(6.2)
(In millions)Foreign Currency
Translation
HedgingDefined Pension 
and Other
Post-Retirement
Benefits
Accumulated Other
Comprehensive 
Loss Attributable to
TechnipFMC plc
Accumulated Other
Comprehensive
Loss Attributable
to Non-Controlling Interest
December 31, 2024$(1,386.3)$(131.6)$(154.9)$(1,672.8)$(6.2)
Other comprehensive income (loss) before reclassifications, net of tax211.2 109.9 (5.7)315.4 0.3 
Reclassification adjustment for net losses included in net income (loss), net of tax— 5.5 4.8 10.3 — 
Other comprehensive income (loss), net of tax211.2 115.4 (0.9)325.7 0.3 
June 30, 2025$(1,175.1)$(16.2)$(155.8)$(1,347.1)$(5.9)
December 31, 2023$(1,120.5)$20.9 $(142.4)$(1,242.0)$(6.0)
Other comprehensive income (loss) before reclassifications, net of tax(152.1)(55.1)3.3 (203.9)(0.2)
Reclassification adjustment for net (gains) losses included in net income (loss), net of tax10.5 (6.8)3.9 7.6 — 
Other comprehensive income (loss), net of tax(141.6)(61.9)7.2 (196.3)(0.2)
June 30, 2024$(1,262.1)$(41.0)$(135.2)$(1,438.3)$(6.2)
Reclassifications out of accumulated other comprehensive income (loss) consisted of the following:
Three Months EndedSix Months Ended
June 30,June 30,
(In millions)2025202420252024
Details about Accumulated Other Comprehensive Income (loss) ComponentsAmount Reclassified out of Accumulated Other Comprehensive Income (Loss)Affected Line Item in the Condensed Consolidated Statements of Income
Gains (loss) on foreign currency translation
Release of CTA income (loss)$— — $— $(10.5)Other income (expense), net
$— $— $— $(10.5)Net income
Gains (losses) on hedging instruments
Foreign exchange contracts$(14.0)$(2.6)$(22.8)$(1.7)Revenue
13.0 2.3 25.5 2.9 Cost of sales
(6.0)5.7 (9.0)8.5 Other income (expense), net
(7.0)5.4 (6.3)9.7 Income (loss) before income taxes
(2.2)1.7 (0.8)2.9 Provision (benefit) for income taxes
$(4.8)$3.7 $(5.5)$6.8 Net income (loss)
Pension and other post-retirement benefits
Amortization of prior service credit (cost)$— $— $(0.1)$(0.1)
Other income (expense), net(a)
Amortization of net actuarial loss(3.0)(3.0)(6.0)(5.1)
Other income (expense), net(a)
Reclassification adjustment for net gain included in net income— — — 2.3 
Other income (expense), net(a)
(3.0)(3.0)(6.1)(2.9)Loss before income taxes
(0.6)— (1.3)1.0 Provision (benefit) for income taxes
$(2.4)$(3.0)$(4.8)$(3.9)Net loss
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost.