v3.26.1
Revenue (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue
Three Months EndedSix Months Ended
(in thousands)Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025
Business Segment:
Energy
Subsea Robotics$232,016 $218,786 $446,289 $424,762 
Manufactured Products149,030 145,134 292,678 280,171 
Offshore Projects Group182,843 149,281 318,219 314,222 
Integrity Management & Digital Solutions70,844 75,367 138,728 146,785 
Total Energy634,733 588,568 1,195,914 1,165,940 
Aerospace and Defense Technologies133,451 109,593 264,699 206,744 
Total$768,184 $698,161 $1,460,613 $1,372,684 
Geographic Operating Areas:
Foreign:
Africa$102,896 $97,349 $197,819 $221,883 
United Kingdom108,367 74,273 187,088 136,150 
Norway83,729 65,996 153,710 120,744 
Brazil66,959 62,736 128,433 124,895 
Asia and Australia66,823 60,436 126,476 113,985 
Other37,365 23,660 70,275 45,889 
Total Foreign466,139 384,450 863,801 763,546 
United States302,045 313,711 596,812 609,138 
Total$768,184 $698,161 $1,460,613 $1,372,684 
Timing of Transfer of Goods or Services:
Revenue recognized over time$714,185 $646,346 $1,358,320 $1,272,822 
Revenue recognized at a point in time53,999 51,815 102,293 99,862 
Total$768,184 $698,161 $1,460,613 $1,372,684 
Contract with Customer, Asset and Liability [Table Text Block]
The following table provides information about contract assets and contract liabilities from contracts with customers.

Six months ended
(in thousands)Jun 30, 2026Jun 30, 2025
Total contract assets, beginning of period$216,808 $275,280 
Revenue accrued1,380,701 1,261,403 
Amounts billed(1,366,636)(1,285,875)
Total contract assets, end of period$230,873 $250,808 
Total contract liabilities, beginning of period$115,033 $140,697 
Deferrals of milestone payments85,260 65,827 
Recognition of revenue for goods and services(75,193)(114,559)
Total contract liabilities, end of period$125,100 $91,965