v3.26.1
REVENUE (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Revenue by geography for the three and six months ended June 30, 2026 and 2025 was as follows:
Reportable Segments
Three Months Ended
June 30, 2026June 30, 2025
(In millions)SubseaSurface TechnologiesSubseaSurface Technologies
Latin America$979.1 $20.6 $854.7 $25.1 
Europe and Central Asia
638.1 32.4 671.3 30.6 
Africa314.9 17.3 247.7 14.0 
North America220.5 105.9 250.1 109.8 
Asia Pacific201.4 22.2 115.2 21.0 
Middle East132.9 77.8 77.3 117.9 
Total revenue$2,486.9 $276.2 $2,216.3 $318.4 

Reportable Segments
Six Months Ended
June 30, 2026June 30, 2025
(In millions)SubseaSurface TechnologiesSubseaSurface Technologies
Latin America$1,859.9 $39.4 $1,483.0 $45.7 
Europe and Central Asia1,085.8 62.0 1,153.0 58.9 
Africa717.7 27.9 499.7 21.5 
North America500.9 220.8 541.4 226.1 
Asia Pacific338.6 42.3 365.7 43.7 
Middle East192.4 168.1 109.7 219.9 
Total revenue$4,695.3 $560.5 $4,152.5 $615.8 
Revenue by contract type for the three and six months ended June 30, 2026 and 2025 was as follows:
Reportable Segments
Three Months Ended
June 30, 2026June 30, 2025
(In millions)SubseaSurface TechnologiesSubseaSurface Technologies
Services$1,671.1 $104.9 $1,421.5 $111.8 
Products815.8 171.3 794.8 206.6 
Total revenue$2,486.9 $276.2 $2,216.3 $318.4 
Reportable Segments
Six Months Ended
June 30, 2026June 30, 2025
(In millions)SubseaSurface TechnologiesSubseaSurface Technologies
Services$2,846.5 $215.0 $2,679.2 $219.5 
Products1,848.8 345.5 1,473.3 396.3 
Total revenue$4,695.3 $560.5 $4,152.5 $615.8 
Schedule of Contract Liabilities
The following table provides information about net contract liabilities as of June 30, 2026 and December 31, 2025:
(In millions)June 30,
2026
December 31,
2025
Contract assets$1,295.5 $1,065.5 
Contract liabilities(2,358.9)(2,148.9)
Net contract liabilities$(1,063.4)$(1,083.4)
Schedule of Remaining Revenue Performance Obligations
The following table details the RUPO for each business segment as of June 30, 2026:
(In millions)20262027ThereafterTotal
Subsea$3,778.8 $5,248.8 $6,805.6 $15,833.2 
Surface Technologies264.2 157.0 185.6 606.8 
Total remaining unsatisfied performance obligations$4,043.0 $5,405.8 $6,991.2 $16,440.0