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TechnipFMC plc Regulatory Filings 2018

Jun 29, 2018

30370_rns_2018-06-29_2b16e95a-c3b6-471b-a328-3617688d8c53.zip

Regulatory Filings

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11-K 1 technipfmc-20171231x11xk.htm FORM 11-K html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd" Document created using Wdesk 1 Copyright 2018 Workiva Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 11-K

ý ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2017

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-37983

A . Full title of the plan and the address of the plan, if different from that of the issuer named below:

FMC Technologies, Inc. Savings and Investment Plan

11740 Katy Freeway, Houston, Texas 77079

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

TechnipFMC plc

One St. Paul’s Churchyard, London, EC4M 8AP, United Kingdom

Table of Contents

FMC TECHNOLOGIES, INC.

SAVINGS AND INVESTMENT PLAN

Table of Contents

Page
Report of Independent Registered Public Accounting Firm 3
Financial Statements:
Statements of Net Assets Available for Benefits 5
Statements of Changes in Net Assets Available for Benefits 6
Notes to Financial Statements 7
Supplemental Schedule:
Form 5500, Schedule H, Part IV, Line 4i – Schedule of Assets (Held at End of Year) 13
Signatures 14
Exhibit Index 15
Exhibit 23.1 - Consent of Independent Registered Public Accounting Firm 16

2

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and Administrator of

the FMC Technologies, Inc. Savings and Investment Plan

Opinion on the Financial Statements

We have audited the Statements of Net Assets Available for Benefits of the FMC Technologies, Inc. Savings and Investment Plan (the Plan) as of December 31, 2017 and 2016, and the related Statements of Changes in Net Assets Available for Benefits for the years then ended, and the related notes to the financial statements (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and 2016, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis of Opinion

The financial statements are the responsibility of Plan management. Our responsibility is to express an opinion on the financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the auditing standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

3

Our audits included performing audit procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by Plan management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Report on Supplemental Information

The supplementary information of Schedule of Assets (Held at end of Year) as of December 31, 2017 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s Financial Statements. The supplementary information is the responsibility of Plan management. Our audit procedures included determining whether the supplementary information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplementary information. In forming our opinion on the supplementary information, we evaluated whether the supplementary information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the financial statements as a whole.

s/ McConnell & Jones LLP

We have served as the Plan’s auditors since 2010.

Houston, Texas

June 29, 2018

4

FMC TECHNOLOGIES, INC.

SAVINGS AND INVESTMENT PLAN

Statements of Net Assets Available for Benefits

(In thousands) December 31, — 2017 2016
Assets:
Investments:
Investments, at fair value $ 1,166,218 $ 676,289
Investments, at contract value 64,172 53,442
Total investments 1,230,390 729,731
Notes receivable from participants 26,037 21,658
Receivables – Employee contributions 1
Receivables – Employer contributions 3
Total assets 1,256,427 751,393
Liabilities:
Accrued administrative expenses 156 17
Total liabilities 156 17
Net assets available for benefits $ 1,256,271 $ 751,376

See accompanying notes to financial statements.

5

FMC TECHNOLOGIES, INC.

SAVINGS AND INVESTMENT PLAN

Statements of Changes in Net Assets Available for Benefits

(In thousands) Year ended December 31, — 2017 2016
Additions to Net Assets Available for Benefits:
Investment income:
Net appreciation in fair value of investments $ 59,526 $ 41,560
Interest and dividend income 18,948 21,124
Net investment income 78,474 62,684
Contributions:
Employee contributions 32,730 36,386
Employer contributions 32,275 39,388
Rollover contributions 2,357 1,864
Total contributions 67,362 77,638
Interest income on notes receivable from participants 874 986
Total additions 146,710 141,308
Deductions from Net Assets Available for Benefits:
Benefit distributions to participants 98,761 91,516
Administrative expenses 157 106
Total deductions 98,918 91,622
Net increase prior to transfers 47,792 49,686
Transfers to the Plan (Note 1) 457,103
Net increase in net assets available for benefits 504,895 49,686
Net assets available for benefits, beginning of year 751,376 701,690
Net assets available for benefits, end of year $ 1,256,271 $ 751,376

See accompanying notes to financial statements.

6

FMC TECHNOLOGIES, INC.

SAVINGS AND INVESTMENT PLAN

Notes to Financial Statements

NOTE 1. DESCRIPTION OF THE PLAN

The following description of the FMC Technologies, Inc. Savings and Investment Plan (the “Plan”) provides general information. Participants should refer to the Plan agreement, as amended, for a complete description of the Plan’s provisions.

(a) General

The Plan is a qualified salary-reduction plan under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”), and is available to all employees of FMC Technologies, Inc. (“FMC Technologies” or the “Company”) who meet certain eligibility requirements under the Plan. Such employees are eligible to participate in the Plan immediately upon commencement of their employment with the Company. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is administered by the FMC Technologies, Inc. Employee Benefits Committee (“EBC”), acting on behalf of the Company as the Plan administrator.

During 2016, the Company completed the sale of Chalfont and amended the Plan such that employees of Chalfont who were participants under the Plan and who ceased to be employees of the Company became fully vested.

On January 16, 2017, the Company completed the merger with Technip S.A. (the “Merger”). As a result of the Merger, TechnipFMC plc (“TechnipFMC”) acquired a 100% interest in the Company. On January 16, 2017, shares of common stock of FMC Technologies (the “FMCTI shares”) ceased trading on the New York Stock Exchange (“NYSE”) and TechnipFMC began trading on the NYSE and Euronext Paris exchanges under the symbol “FTI”. Each share of FMCTI was exchanged for 1.0 ordinary share of TechnipFMC (the “FTI shares”).

In conjunction with the Merger, plan assets of the Technip USA, Inc. 401(k) Profit Sharing Plan (“Technip U.S. Plan”), Technip Umbilicals Inc. 401(k) Plan (“Technip Umbilicals Plan”), and Forsys Subsea Retirement Savings Plan (“Forsys Subsea Plan”) merged into the Plan effective December 29, 2017.

(b) Contributions

The Plan allows participants to contribute a percentage of their compensation to the Plan. Participants may elect to contribute up to 75% of their total eligible compensation on a pre-tax or an after-tax basis. Pre-tax contributions were subject to the limitation of $18,000 for 2017 and 2016 , respectively, under the Code. In addition, active employees who attain age 50 or older during the year are eligible to make catch-up contributions to the prescribed limit. The limitation on the catch-up contribution was $ 6,000 for 2017 and 2016 .

The Company makes matching contributions (“Company Safe Harbor Matching Contributions”) for all active participants, except for certain bargaining unit employees. The Company matches 100% of each participant’s contribution, up to the first 5% of eligible compensation. Effective January 1, 2010, the Company began making nonelective contributions to all eligible nonunion employees hired or rehired on or after January 1, 2010, and then current nonunion participants with less than five years of vested service as of December 31, 2009. The nonelective contribution percentage is determined annually by the Company. The Company made nonelective contributions of 4% for all eligible participants during the years ended December 31, 2017 and 2016 .

Participants may also contribute amounts representing distributions from other qualified defined contribution plans (rollover contributions).

At December 31, 2017 and 2016, a total of 10,766 and 7,737 current and former employees participated in the Plan, respectively.

7

(c) Trust and Recordkeeping

The Company and Fidelity Management Trust Company (the “Trustee”) established a trust for investment purposes as part of the Plan. The Trustee is also the Plan’s recordkeeper.

(d) Investment Options

Participants have the option of investing their contributions and the Company’s matching and nonelective contributions among one or all of the available investment options offered by the Plan. Generally, participants may transfer some or all of the balances out of any fund into one or any combination of the other funds at any time. A self-directed brokerage account option is also available to allow participants to select investment options not specifically offered by the Plan.

(e) Vesting

Participants are immediately vested in their elective contributions and Company Safe Harbor Matching Contributions, plus actual earnings thereon. Eligible participants become vested in any balance of their Company nonelective contributions upon three years of service (or age 55 if active, if earlier).

(f) Payment of Benefits and Forfeitures

Upon termination of service, death, disability or attainment of age 59½, a participant may elect to immediately receive a lump sum distribution equal to the vested interest of his or her account. Participants may, upon termination, elect to defer their lump sum distribution or receive annual installments. If a participant is not fully vested in the Company’s nonelective contributions to his or her account on the date of termination of employment, the nonvested portion is forfeited. Forfeitures are used to pay certain administrative expenses of the Plan and to reduce future Company contributions to the Plan. During 2017 and 2016 , forfeitures of $2,389,000 and $ 19,000 , respectively, were used to pay certain administrative expenses of the Plan and to reduce Company contributions. The forfeited balances held in the Plan as of December 31, 2017 and 2016 , were $1,477,000 and $ 2,368,000 , respectively.

(g) Administrative Expenses

Certain Plan administrative expenses are paid by the Trustee out of the assets of the Plan and constitute a charge upon the respective investment funds or upon the individual participants’ accounts while fees associated with self-directed brokerage accounts are paid by the participants. These investment-related expenses are included in net depreciation in fair value of investments. Certain other Plan expenses may be paid by the Plan from the forfeitures balance. Administrative expenses paid by the Company are excluded from these financial statements.

(h) Withdrawals and Loans

Subject to income taxation and the Internal Revenue Service (“IRS”) penalties, the Plan allows participants to make in-service and hardship cash withdrawal of some or all of their vested account balances (including the balances of self-directed brokerage accounts). Eligible participants may also receive money from the Plan in the form of loans. The minimum that may be borrowed is $1,000. The maximum that may be borrowed is the lesser of $50,000, minus the highest outstanding loan balance during the one-year period ending on the day before the loan is made, or 50% of the participant’s vested account balance. Loans, which are secured by the participant’s vested account balance, in general must be repaid over a time period not to exceed 60 months with exception if the participant uses the loan to purchase a primary residence. Loans bear interest at a reasonable rate as determined by the EBC. A participant may have no more than two loans outstanding at any one time.

(i) Plan Termination

The Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan (“full termination”) subject to the provisions of the Plan and ERISA but has not expressed any intent to do so. In the event of full termination or termination with respect to a group or class of participants (“partial termination”), the unvested portion of Company contributions for participants subject to such full termination or partial termination will become fully vested.

8

(j) Participant Accounts

A separate account is maintained for each participant. Each participant’s account is credited with the participant’s contributions, the Company’s contributions and allocations of Plan earnings or losses and certain administrative expenses. Allocations are based on participant earnings or account balances. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested balance.

(k) Transfers to the Plan

In conjunction with the Merger, plan assets of the Technip U.S. Plan, Technip Umbilicals Plan, Forsys Subsea Plan, and notes receivable from participants of $440,035,000 , $9,853,000 , $2,698,000 , and $4,517,000 , respectively, were merged into the Plan effective December 29, 2017, and are included in Transfers to the Plan in the accompanying Statements of Changes in Net Assets Available for Benefits.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following are the significant accounting policies followed by the Plan:

(a) Basis of Accounting

The Plan’s financial statements are prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America (“GAAP”).

(b) Use of Estimates

The preparation of financial statements in conformity with GAAP requires management of the Plan administrator to make estimates and assumptions that affect the reported amounts of assets, liabilities and changes therein and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from these estimates.

(c) Investment Valuation and Income Recognition

With the exception of the Plan’s fully benefit-responsive investment contracts that are valued at contract value, the Plan’s investments are stated at fair value. See Note 4 for discussion of fair value measurements.

Purchases and sales of securities are recorded on a trade date basis. The Plan presents in the Statements of Changes in Net Assets Available for Benefits the net depreciation in the fair value of its investments, which consists of the realized gains and losses on investments bought and sold during the year, and the unrealized gains and losses on investments held during the year. Expenses associated with the Plan’s investment portfolio are included in net depreciation in fair value of investments. Dividends are recorded on the record date. Interest income is recorded on the accrual basis.

(d) Fully Benefit-Responsive Investment Contracts

Fully benefit-responsive investment contracts held by a defined contribution plan are required to be reported at contract value. Contract value is the relevant measure for fully benefit-responsive investments contracts because it is the amount participants normally would receive if they were to initiate permitted transactions. At December 31, 2017, the Plan invests in two stable value funds, the Fidelity Managed Income Portfolio Class 1 Fund (“Fidelity MIP Fund”) and the Fidelity Managed Income Portfolio II Class 2 Fund (“Fidelity MIP II Fund”) . At December 31, 2016, the Plan invested in the Fidelity MIP II Fund. Underlying investments of both Fidelity MIP Fund and Fidelity MIP II Fund comprise of fully benefit-responsive investment contracts. The contract value of the Fidelity MIP Fund was $457,000 as of December 31, 2017 . The contract value of the Fidelity MIP II Fund was $63,715,000 and $53,442,000 as of December 31, 2017 and 2016 , respectively. Both funds are managed income funds with an investment objective to preserve the principal investment while earning a high level of interest income. The funds seek to maintain a stable net asset value of $1 per share. The funds invest in benefit-responsive investment contracts issued by insurance companies and other financial institutions, fixed income securities and money market funds. There are currently no redemption restrictions on these investments.

9

(e) Notes Receivable from Participants

Notes receivable from participants represents the unpaid principal balance plus any accrued but unpaid interest of participant loans. Interest income on notes receivable from participants is recorded when it is earned. No allowance for credit losses was recorded as of December 31, 2017 and 2016 . If a participant ceases to make loan repayments and the Plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit distribution is recorded.

(f) Payment of Benefits

Benefit distributions to participants are recorded when paid.

NOTE 3. PARTY-IN-INTEREST TRANSACTIONS

The Trustee provides certain accounting and administrative services to the Plan for which approximately $125,000 and $89,000 of expenses were charged for the years ended December 31, 2017 and 2016 , respectively. Certain Plan investments, amounting to $495,459,000 and $475,959,000 at December 31, 2017 and 2016 , respectively, are units of funds managed by the Trustee.

Certain employees and officers of the Company, who may also participate in the Plan, perform administrative services to the Plan at no cost.

A significant portion of the Plan’s assets were invested in ordinary shares of TechnipFMC (the “FTI Stock Fund”) at December 31, 2017 and common stock of FMC Technologies (the “FMCTI Stock Fund”) at December 31, 2016 . At December 31, 2017 and 2016 , the Plan held 3,955,967 FTI shares and 4,892,367 FMCTI shares, respectively, with fair value of $123,861,000 and $173,826,000 , respectively, and a cost basis of $140,196,000 and $146,059,000 , respectively.

NOTE 4. FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the reporting date. The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities.

Level 2 : Observable inputs other than quoted prices included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.

Level 3 : Unobservable inputs reflecting management’s own assumptions about the assumptions market participants would use in pricing the asset or liability.

The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques applied maximized the use of observable inputs and minimized the use of unobservable inputs.

The following is a description of the valuation methodologies used for assets measured at fair value:

Common stock and ordinary shares : Valued at the closing price reported on the active market on which the securities are traded.

Interest bearing cash : Valued at the net asset value of the shares held by the Plan at year-end, which is based on the fair value of the underlying investments using information reported by the investment advisor at year-end. This category comprises one fund: Fidelity Institutional Money Market Fund. This fund represents a money market fund with the investment objective to obtain a high level of current income with the preservation of principal and liquidity. The fund’s investment strategies include investing in U.S. dollar-denominated money market securities of domestic and foreign issuers and investing more than 25% of total assets in the financial services industries. There are currently no redemption restrictions on these investments.

The amount invested in this fund is based upon a target approved by the EBC, but may vary on any given business day with the amount of cash awaiting investment and with participant activity such as contributions, redemptions and withdrawals in the FTI Stock Fund.

10

Registered investment companies : Valued at quoted market prices, which represent the net asset value of the securities held in such funds at year-end.

The money market fund category included in registered investment companies comprises one fund: Fidelity Investments Money Market Government Portfolio Institutional Class. This fund is valued at net asset value, which approximates fair value. This portfolio represents a mutual fund with an investment objective to seek a high level of current income with the preservation of principal and liquidity. The fund normally invests at least 80% of assets in U.S. government securities and repurchase agreements for those securities. There are currently no redemption restrictions on these investments.

Self-directed brokerage accounts: Valued at the closing price reported on the active market on which the individual securities comprising the brokerage accounts are traded.

Target date funds: Valued at the quoted market price of underlying investments held by the funds at year-end. The funds are custom strategy investment options comprising investments in the underlying core investment options of the Plan.

Common/Collective trust : Valued at the net asset value of the shares held by the Plan at year-end, which is based on the fair value of the underlying investments using information reported by the investment advisor at year-end. This category comprises one fund: Fidelity U.S. Equity Index Commingled Pool Class 1 Fund . This fund represents a pool with an investment objective that seeks to provide investment results that correspond to the total return performance of common stock publicly traded in the United States. Normally, at least 90% of the assets will be invested in common stocks in the S&P 500 Index. There are currently no redemption restrictions on these investments.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan’s management believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. There have been no changes in the methodologies used at December 31, 2017 and 2016 .

Assets measured at fair value were as follows:

(In thousands) December 31, 2017 — Total Level 1 Level 2 Level 3 December 31, 2016 — Total Level 1 Level 2 Level 3
Common stock $ 123,861 $ 123,861 $ — $ — $ 173,826 $ 173,826 $ — $ —
Interest bearing cash 3,695 3,695 5,855 5,855
Registered investment companies:
U.S. equity funds 416,411 416,411 149,869 149,869
International equity funds 76,256 76,256 38,342 38,342
Target date retirement funds 187,973 187,973
Fixed income funds 73,320 73,320 43,985 43,985
Money market fund 36,538 36,538 24,366 24,366
Self-directed brokerage accounts 25,640 25,640 14,590 14,590
Target date funds 410,497 410,497
Common/collective trust (1) 37,483
Total assets at fair value $ 1,166,218 $ 715,488 $ 450,730 $ — $ 676,289 $ 608,585 $ 30,221 $ —

_____

(1) Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits.

11

NOTE 5. RISK AND UNCERTAINTIES

The Plan invests in various investment securities. Investment securities are exposed to various risks, such as interest rate, credit risk and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

NOTE 6. INCOME TAXES

The Plan obtained its latest determination letter on June 12, 2014, covering various amendments to the Plan, in which the IRS determined that the Plan and related trust, as then designed, was in compliance with the applicable requirements of the Code. Additional amendments to the Plan have been made and are not covered by the latest determination letter; however, the management of the Plan administrator and the Plan’s legal counsel believe that the Plan, as amended, is designed and is currently being administered in compliance with the applicable requirements of the Code. Therefore, the management of the Plan administrator believes the Plan is qualified, and the related trust is tax-exempt as of December 31, 2017 .

GAAP requires the management of the Plan administrator to evaluate uncertain tax positions taken by the Plan and to recognize a tax liability (or asset) when the position is not more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The management of the Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2017 , there were no uncertain positions taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions. There are currently no audits for any tax periods in progress related to the Plan. The Plan is no longer subject to income tax examinations for years prior to 2014.

NOTE 7. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the net assets per the Form 5500 at December 31, 2017 and 2016 :

(In thousands) December 31, — 2017 2016
Net assets available for benefits per the financial statements $ 1,256,271 $ 751,376
Adjustment from contract value to fair value for interest in collective trust relating to fully benefit-responsive investment contracts (134 ) 185
Net assets per the Form 5500 $ 1,256,137 $ 751,561

The following is a reconciliation of the changes in net assets available for benefits per the financial statements to the changes in net assets available for benefits per the Form 5500 for the year ended December 31, 2017 :

(In thousands) Year Ended December 31, — 2017
Net increase in net assets available for benefits per financial statements $ 504,895
Change in the adjustment from contract value to fair value for interest in collective trust relating to fully benefit-responsive investment contracts (319 )
Net increase in net assets available for benefits per the Form 5500 $ 504,576

12

FMC TECHNOLOGIES, INC.

SAVINGS AND INVESTMENT PLAN

EIN: 36-4412642 Plan Number: 002

Form 5500 Schedule H, Part IV, Line 4i – Schedule of Assets (Held at End of Year)

December 31, 2017

(In thousands)

(a) (b) Identity of issue, borrower, lessor, or similar party (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value (d) Cost** (e) Current value
* FTI Stock Fund FTI Ordinary Shares N/A $ 123,861
* Fidelity Institutional Money Market Fund Interest-Bearing Cash N/A 3,695
Dimensional Fund Advisors U.S. Large Cap Value Portfolio Large Cap Value Fund N/A 34,393
Congress Asset Mid Cap Growth Fund Institutional Class Mid Cap Growth Fund N/A 37,678
Dimensional Fund Advisors U.S. Targeted Value Portfolio Small Cap Value Fund N/A 11,103
Rice Hall James Small Cap Portfolio Institutional Class Small Cap Equity Fund N/A 13,740
* Fidelity Blue Chip Growth K6 Fund Blue Chip Companies Equity Fund N/A 180,423
* Fidelity Low-Priced Stock K6 Low-priced Stocks Fund N/A 57,475
* Fidelity Diversified International K6 Fund International Equity Fund N/A 66,007
PIMCO Total Return Fund Institutional Class Intermediate-Term Bond Fund N/A 72,137
Dreyfus International Bond Fund Class Y Intermediate-Term Bond Fund N/A 904
* Fidelity 500 Index Fund Index Fund invested in stocks included in the S&P 500 Index N/A 74,642
Vanguard Real Estate Index Fund Index Fund designed to track the performance of the MSCI US Investable Market Real Estate 25/50 Transition Index N/A 4,566
* Fidelity Extended Market Index Index Fund invested in Mid Cap and Small Cap Equity Fund N/A 2,391
* Fidelity Total International Index Fund Institutional Class Index Fund invested in securities included in the MSCI ACWI (All Country World Index) ex USA Investable Market Index and in depository receipts representing securities included in the index. N/A 10,250
Vanguard Short-Term Inflation - Protected Securities Index Fund Institutional Shares Index Fund designed to track the performance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. N/A 278
FiduciaryVest Target Date Funds:
Target Retire Income Fund Asset allocation blended funds, which invest the available Plan investment options basing asset allocation on a target retirement date. N/A 17,060
Target Retire 2020 Fund N/A 74,013
Target Retire 2030 Fund N/A 102,082
Target Retire 2040 Fund N/A 110,333
Target Retire 2050 Fund N/A 98,186
Target Retire 2060 Fund N/A 8,823
* Managed Income Portfolio Class 1 Stable Value Fund – Portfolio includes investment contracts offered by major insurance companies and other approved financial institutions. N/A 456
* Managed Income Portfolio II CL 2 Stable Value Fund – Portfolio includes investment contracts offered by major insurance companies and other approved financial institutions. N/A 63,582
* Fidelity Investments Money Market Government Portfolio - Institutional Class Money Market Fund N/A 36,538
Fidelity Brokerage Link Self-directed brokerage account N/A 25,640
1,230,256
* Notes receivable from Participants Varying rates of interest ranging from 3.84% to 8.02% with varying maturity dates through November 2027 26,037
$ 1,256,293
  • Party-in-interest.

** Cost is not required for participant-directed funds.

See accompanying notes to financial statements.

13

SIGNATURES

The Plan . Pursuant to the requirements of the Securities Exchange Act of 1934, FMC Technologies, Inc., as Plan Administrator, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

FMC TECHNOLOGIES, INC. SAVINGS AND INVESTMENT PLAN
By: FMC Technologies, Inc., as Plan Administrator
Date: June 29, 2018 /s/ Maryann T. Mannen
Maryann T. Mannen
Executive Vice President and Chief Financial Officer

14

EXHIBIT INDEX

Exhibit No. Description
23.1 Consent of Independent Registered Public Accounting Firm (McConnell & Jones LLP)

15