| Schedule of Disaggregation of Revenue |
The following tables present total revenue by geography for each reportable segment for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Reportable Segments | | Three Months Ended | | June 30, 2025 | | June 30, 2024 | | (In millions) | Subsea | | Surface Technologies | | Subsea | | Surface Technologies | | Latin America | $ | 854.7 | | | $ | 25.1 | | | $ | 583.6 | | | $ | 28.3 | | | Europe and Central Asia | 671.3 | | | 30.6 | | | 626.3 | | | 27.5 | | | North America | 250.1 | | | 109.8 | | | 449.2 | | | 123.7 | | | Africa | 247.7 | | | 14.0 | | | 221.0 | | | 14.9 | | | Asia Pacific | 115.2 | | | 21.0 | | | 123.9 | | | 20.4 | | | Middle East | 77.3 | | | 117.9 | | | 5.1 | | | 101.7 | | | Total revenue | $ | 2,216.3 | | | $ | 318.4 | | | $ | 2,009.1 | | | $ | 316.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Reportable segments | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | (In millions) | Subsea | | Surface Technologies | | Subsea | | Surface Technologies | | Latin America | $ | 1,483.0 | | | $ | 45.7 | | | $ | 1,260.4 | | | $ | 53.6 | | | Europe and Central Asia | 1,153.0 | | | 58.9 | | | 985.2 | | | 64.2 | | | North America | 541.4 | | | 226.1 | | | 766.2 | | | 248.8 | | | Africa | 499.7 | | | 21.5 | | | 516.7 | | | 27.7 | | | Asia Pacific | 365.7 | | | 43.7 | | | 214.9 | | | 43.6 | | | Middle East | 109.7 | | | 219.9 | | | 0.5 | | | 185.8 | | | Total revenue | $ | 4,152.5 | | | $ | 615.8 | | | $ | 3,743.9 | | | $ | 623.7 | |
The following tables present total revenue by contract type for each reportable segment for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Reportable Segments | | Three Months Ended | | June 30, 2025 | | June 30, 2024 | | (In millions) | Subsea | | Surface Technologies | | Subsea | | Surface Technologies | | Services | $ | 1,393.1 | | | $ | 66.8 | | | $ | 1,355.3 | | | $ | 50.4 | | | Products | 794.8 | | | 206.6 | | | 635.7 | | | 224.5 | | | Lease | 28.4 | | | 45.0 | | | 18.1 | | | 41.6 | | | Total revenue | $ | 2,216.3 | | | $ | 318.4 | | | $ | 2,009.1 | | | $ | 316.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Reportable segments | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | (In millions) | Subsea | | Surface Technologies | | Subsea | | Surface Technologies | | Services | $ | 2,633.0 | | | $ | 130.9 | | | $ | 2,472.8 | | | $ | 98.7 | | | Products | 1,473.3 | | | 396.3 | | | 1,233.3 | | | 440.8 | | | Lease | 46.2 | | | 88.6 | | | 37.8 | | | 84.2 | | | Total revenue | $ | 4,152.5 | | | $ | 615.8 | | | $ | 3,743.9 | | | $ | 623.7 | |
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| Schedule of Contract Balances |
The following table provides information about net contract liabilities as of June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | (In millions) | | June 30,
2025 | | December 31,
2024 | | Contract assets | | $ | 1,112.3 | | | $ | 967.7 | | | Contract liabilities | | (2,060.3) | | | (1,786.6) | | | Net contract liabilities | | $ | (948.0) | | | $ | (818.9) | |
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| Schedule of Remaining Revenue Performance Obligations |
The following table details the order backlog for each business segment as of June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | 2025 | | 2026 | | Thereafter | | Total | | Subsea | $ | 3,470.7 | | | $ | 4,803.4 | | | $ | 7,535.9 | | | $ | 15,810.0 | | | Surface Technologies | 310.2 | | | 263.2 | | | 262.5 | | | 835.9 | | | Total order backlog | $ | 3,780.9 | | | $ | 5,066.6 | | | $ | 7,798.4 | | | $ | 16,645.9 | |
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