UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
February 9, 2012
Date of Report (Date of earliest event reported)

FMC Technologies, Inc.
(Exact name of registrant as specified in its charter)

 
 	 	 	 	 	
Delaware	 	1-16489	 	36-4412642	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(I.R.S. Employer
Identification No.)	
 	 	
1803 Gears Road, Houston, Texas	 	77067	
(Address of Principal Executive Offices)	 	(Zip Code)	
(281) 591-4000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))	

 

Item 8.01	Other Events	
Beginning with the fourth quarter of fiscal year 2011, FMC Technologies, Inc. (the “Company”) will report its results of operations in the following reporting segments: Subsea Technologies, Surface Technologies and Energy Infrastructure. This change will be reflected on a retrospective basis in accordance with generally accepted accounting principles, with prior years adjusted to reflect the change in reporting segments. The new segments are composed of the following products and services:
Subsea Technologies
Subsea Systems
Multi Phase Meters
Surface Technologies
Surface Wellhead
Fluid Control
Energy Infrastructure
Measurement Solutions
Loading Systems
Material Handling Solutions
Blending and Transfer Systems
Separation Systems
Direct Drive Systems
Management’s determination of the Company’s reporting segments was made on the basis of its strategic priorities, and the new reporting segments correspond to the manner in which management reviews and evaluates operating performance.
The Company is issuing this Current Report on Form 8-K in order to provide investors with historical financial information on a basis that is consistent with the new reporting structure. The schedules in Exhibit 99.1 provide unaudited consolidated and segment reporting, including inbound orders and order backlog information, for the previously reported quarters in 2011 and the quarters and year ended in 2010.
This information in no way revises or restates the Company’s consolidated statements of income, consolidated balance sheets, consolidated statements of cash flows or consolidated statements of changes in stockholders’ equity for any period.
 
Item 9.01	Financial Statements and Exhibits	

Exhibit No.	  	Description	
 	 	
99.1	  	FMC Technologies, Inc. and Consolidated Subsidiaries Business Segment Data (unaudited) - segment revenue and segment operating profit for the quarters ended in 2011 (unaudited); segment revenue and segment operating profit for the quarters and year ended in 2010 (unaudited); inbound orders and order backlog for the quarters ended in 2011 (unaudited); and inbound orders and order backlog for the quarters and year ended in 2010 (unaudited)	

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 	 	FMC TECHNOLOGIES, INC.	
 	 	 	
 	 	By:	 	/s/ Maryann T. Seaman	
 	 	 	 	 	
Dated: February 9, 2012	 	 	 	Name: Maryann T. Seaman	
 	 	 	 	Title: Senior Vice President and Chief Financial Officer	

Exhibit 99.1
FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(Unaudited and in millions)

 	  	Three Months Ended	 	
 	  	March 31,
2011	 	 	June 30,
2011	 	 	September 30,
2011	 	
Revenue	  	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
Subsea Technologies	  	$	689.5	  	 	$	801.0	  	 	$	833.7	  	
Surface Technologies	  	 	291.3	  	 	 	310.3	  	 	 	335.5	  	
Energy Infrastructure	  	 	103.0	  	 	 	120.2	  	 	 	129.1	  	
Other revenue (1) and intercompany eliminations	  	 	(1.9	) 	 	 	(2.1	) 	 	 	(11.1	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	
 	  	$	1,081.9	  	 	$	1,229.4	  	 	$	1,287.2	  	
 	  	 	 	 	 	 	 	 	 	 	 	 	
Income before income taxes	  	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
Segment operating profit	  	 	 	 	 	 	 	 	 	 	 	 	
Subsea Technologies	  	$	70.0	  	 	$	84.0	  	 	$	96.1	  	
Surface Technologies	  	 	51.4	  	 	 	56.5	  	 	 	65.8	  	
Energy Infrastructure	  	 	4.5	  	 	 	10.7	  	 	 	13.9	  	
 	  	 	 	 	 	 	 	 	 	 	 	 	
Total segment operating profit	  	 	125.9	  	 	 	151.2	  	 	 	175.8	  	
 	 	 	 	
Corporate items	  	 	 	 	 	 	 	 	 	 	 	 	
Corporate expense	  	 	(8.4	) 	 	 	(10.6	) 	 	 	(9.3	) 	
Other revenue and other expense, net (1)	  	 	(8.2	) 	 	 	(2.0	) 	 	 	2.7	  	
Net interest expense	  	 	(1.5	) 	 	 	(2.1	) 	 	 	(2.4	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	
Total corporate items	  	 	(18.1	) 	 	 	(14.7	) 	 	 	(9.0	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations before income taxes attributable to FMC Technologies, Inc.	  	$	107.8	  	 	$	136.5	  	 	$	166.8	  	

(1)	Other revenue comprises certain unrealized gains and losses on derivative instruments related to unexecuted sales contracts. 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.	

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(Unaudited and in millions)

 	  	Three Months Ended	 	 	Twelve
Months Ended	 	
 	  	March 31,
2010	 	 	June 30,
2010	 	 	September 30,
2010	 	 	December 31,
2010	 	 	December 31,
2010	 	
Revenue	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	
Subsea Technologies	  	$	733.0	  	 	$	676.8	  	 	$	623.7	  	 	$	697.4	  	 	$	2,730.9	  	
Surface Technologies	  	 	214.7	  	 	 	225.4	  	 	 	243.0	  	 	 	271.2	  	 	 	954.3	  	
Energy Infrastructure	  	 	110.0	  	 	 	116.6	  	 	 	102.9	  	 	 	124.9	  	 	 	454.4	  	
Other revenue (1) and intercompany eliminations	  	 	(7.4	) 	 	 	(6.3	) 	 	 	(9.6	) 	 	 	9.3	  	 	 	(14.0	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	  	$	1,050.3	  	 	$	1,012.5	  	 	$	960.0	  	 	$	1,102.8	  	 	$	4,125.6	  	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income before income taxes	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	
Segment operating profit	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subsea Technologies	  	$	135.2	  	 	$	112.6	  	 	$	88.6	  	 	$	85.8	  	 	$	422.2	  	
Surface Technologies	  	 	41.5	  	 	 	39.7	  	 	 	44.8	  	 	 	47.4	  	 	 	173.4	  	
Energy Infrastructure	  	 	4.3	  	 	 	10.7	  	 	 	7.0	  	 	 	15.8	  	 	 	37.8	  	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total segment operating profit	  	 	181.0	  	 	 	163.0	  	 	 	140.4	  	 	 	149.0	  	 	 	633.4	  	
 	 	 	 	 	 	
Corporate items	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate expense	  	 	(9.0	) 	 	 	(10.1	) 	 	 	(10.2	) 	 	 	(10.9	) 	 	 	(40.2	) 	
Other revenue and other expense, net (1)	  	 	(20.8	) 	 	 	(9.9	) 	 	 	(15.2	) 	 	 	(3.0	) 	 	 	(48.9	) 	
Net interest expense	  	 	(2.3	) 	 	 	(2.4	) 	 	 	(1.8	) 	 	 	(2.3	) 	 	 	(8.8	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total corporate items	  	 	(32.1	) 	 	 	(22.4	) 	 	 	(27.2	) 	 	 	(16.2	) 	 	 	(97.9	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations before income taxes attributable to FMC Technologies, Inc.	  	$	148.9	  	 	$	140.6	  	 	$	113.2	  	 	$	132.8	  	 	$	535.5	  	

(1)	Other revenue comprises certain unrealized gains and losses on derivative instruments related to unexecuted sales contracts. 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.	

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(Unaudited and in millions)

 	  	Three Months Ended	 	
 	  	March 31,
2011	 	 	June 30,
2011	 	 	September 30,
2011	 	
Inbound Orders	  	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
Subsea Technologies	  	$	939.9	  	 	$	947.3	  	 	$	750.5	  	
Surface Technologies	  	 	275.2	  	 	 	451.5	  	 	 	357.9	  	
Energy Infrastructure	  	 	148.9	  	 	 	124.0	  	 	 	156.6	  	
Intercompany eliminations and other	  	 	(2.2	) 	 	 	(0.2	) 	 	 	(11.6	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	
Total inbound orders	  	$	1,361.8	  	 	$	1,522.6	  	 	$	1,253.4	  	

 	  	March 31,
2011	 	 	June 30,
2011	 	 	September 30,
2011	 	
Order Backlog	  	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	
Subsea Technologies	  	$	3,953.1	  	 	$	4,193.1	  	 	$	3,800.8	  	
Surface Technologies	  	 	394.9	  	 	 	537.7	  	 	 	550.2	  	
Energy Infrastructure	  	 	230.6	  	 	 	236.9	  	 	 	255.2	  	
Intercompany eliminations	  	 	(5.4	) 	 	 	(3.4	) 	 	 	(4.0	) 	
 	  	 	 	 	 	 	 	 	 	 	 	 	
Total order backlog	  	$	4,573.2	  	 	$	4,964.3	  	 	$	4,602.2	  	

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(Unaudited and in millions)

 	  	Three Months Ended	 	 	Twelve
Months Ended	 	
 	  	March 31,
2010	 	 	June 30,
2010	 	 	September 30,
2010	 	 	December 31,
2010	 	 	December 31,
2010	 	
Inbound Orders	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	
Subsea Technologies	  	$	888.1	  	 	$	944.8	  	 	$	1,223.0	  	 	$	1,127.1	  	 	$	4,183.0	  	
Surface Technologies	  	 	249.2	  	 	 	256.1	  	 	 	236.2	  	 	 	316.3	  	 	 	1,057.8	  	
Energy Infrastructure	  	 	95.4	  	 	 	95.5	  	 	 	96.4	  	 	 	141.1	  	 	 	428.4	  	
Intercompany eliminations and other	  	 	(6.1	) 	 	 	(4.1	) 	 	 	1.1	  	 	 	14.7	  	 	 	5.6	  	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total inbound orders	  	$	1,226.6	  	 	$	1,292.3	  	 	$	1,556.7	  	 	$	1,599.2	  	 	$	5,674.8	  	

 	  	March 31,
2010	 	 	June 30,
2010	 	 	September 30,
2010	 	 	December 31,
2010	 	 	 	 	
Order Backlog	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	
Subsea Technologies	  	$	2,159.6	  	 	$	2,335.4	  	 	$	3,135.3	  	 	$	3,593.5	  	 	 	 	 	
Surface Technologies	  	 	336.1	  	 	 	359.0	  	 	 	361.6	  	 	 	404.4	  	 	 	 	 	
Energy Infrastructure	  	 	190.4	  	 	 	161.1	  	 	 	163.3	  	 	 	178.7	  	 	 	 	 	
Intercompany eliminations	  	 	(12.2	) 	 	 	(9.5	) 	 	 	(10.6	) 	 	 	(5.1	) 	 	 	 	 	
 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total order backlog	  	$	2,673.9	  	 	$	2,846.0	  	 	$	3,649.6	  	 	$	4,171.5