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Major Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2017
Major Accounting Policies |
Schedule of property, plant and equipment and ranges of estimated useful service lives |
|  | December 31, |  | Estimated Useful Service |
(cost in thousands) |  | 2017 |  | 2016 |  | Lives |
Buildings |  | $ | 316,398 |  | $ | 322,495 |  | 20 – 40 |
Building and leasehold improvements |  | 177,306 |  | 167,552 |  | 6 – 20 |
Machinery and equipment |  | 1,501,452 |  | 1,364,231 |  | 2 – 10 |
Furniture and fixtures |  | 155,423 |  | 157,104 |  | 2 – 10 |
Summary of net carrying value of acquired intangible assets |
|  | December 31, |  | Weighted Average |
(in thousands) |  | 2017 |  | 2016 |  | Life |
Customer relationships (finite-lived) |  | $ | 103,374 |  | $ | 111,616 |  | 8 |
Trade names (finite-lived) |  | 7,279 |  | 8,034 |  | 13 |
Trade names (indefinite-lived) |  | 53,004 |  | 47,425 |  | — |
In-process research and development (indefinite-lived) |  | 16,900 |  | 19,038 |  | — |
Other (finite-lived) |  | 7,795 |  | 4,184 |  | 10 |
Total intangible assets |  | $ | 188,352 |  | $ | 190,297 |  |  |
Schedule of tax effects of components of other comprehensive income (loss) |
|  | Year Ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
(in thousands) |  | Before-Tax Amount |  | Tax (Expense) Benefit |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax (Expense) Benefit |  | Net-of- Tax Amount |  | Before- Tax Amount |  | Tax (Expense) Benefit |  | Net-of-Tax Amount |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | $ | 110,291 |  | $ | (35,867 | ) | $ | 74,424 |  | $ | (102,707 | ) | $ | 38,327 |  | $ | (64,380 | ) | $ | (166,487 | ) | $ | 61,892 |  | $ | (104,595 | )
Ownership share of equity method investees’ other comprehensive income (loss) |  | (1,163 | ) | 462 |  | (701 | ) | 8,734 |  | (2,698 | ) | 6,036 |  | (12,226 | ) | 4,713 |  | (7,513 | )
Defined benefit pension and postretirement plan adjustments |  | 22,052 |  | (6,443 | ) | 15,609 |  | (5,518 | ) | 381 |  | (5,137 | ) | 257,414 |  | (94,799 | ) | 162,615 |
Unrealized gain (loss) on derivative contracts |  | 7,593 |  | (2,850 | ) | 4,743 |  | (1,064 | ) | 402 |  | (662 | ) | (302 | ) | 176 |  | (126 | )
Unrealized gain (loss) on available-for-sale securities |  | (711 | ) | 267 |  | (444 | ) | 332 |  | (125 | ) | 207 |  | (337 | ) | 126 |  | (211 | )
Total other comprehensive income (loss) |  | 138,062 |  | (44,431 | ) | 93,631 |  | (100,223 | ) | 36,287 |  | (63,936 | ) | 78,062 |  | (27,892 | ) | 50,170 |
Less: Other comprehensive loss attributable to noncontrolling interests |  | (796 | ) | — |  | (796 | ) | (42 | ) | — |  | (42 | ) | (1,267 | ) | — |  | (1,267 | )
Other comprehensive income (loss) attributable to Fluor Corporation |  | $ | 138,858 |  | $ | (44,431 | ) | $ | 94,427 |  | $ | (100,181 | ) | $ | 36,287 |  | $ | (63,894 | ) | $ | 79,329 |  | $ | (27,892 | ) | $ | 51,437 |
Schedule of changes in accumulated other comprehensive income balances by component (after-tax) |
(in thousands) |  | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss) |  | Defined Benefit Pension and Postretirement Plans |  | Unrealized Gain (Loss) on Derivative Contracts |  | Unrealized Gain (Loss) on Available- for-Sale Securities |  | Accumulated Other Comprehensive Income (Loss), Net |
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2016 |  | $ | (286,449 | ) | $ | (31,913 | ) | $ | (167,667 | ) | $ | (10,375 | ) | $ | (265 | ) | $ | (496,669 | )
Other comprehensive income (loss) before reclassifications |  | 75,272 |  | (2,001 | ) | 11,456 |  | 5,499 |  | (497 | ) | 89,729 |
Amount reclassified from AOCI |  | — |  | 1,300 |  | 4,153 |  | (808 | ) | 53 |  | 4,698 |
Net other comprehensive income (loss) |  | 75,272 |  | (701 | ) | 15,609 |  | 4,691 |  | (444 | ) | 94,427 |
Balance as of December 31, 2017 |  | $ | (211,177 | ) | $ | (32,614 | ) | $ | (152,058 | ) | $ | (5,684 | ) | $ | (709 | ) | $ | (402,242 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2016 |  | $ | (614 | ) | $ | — |  | $ | — |  | $ | (52 | ) | $ | — |  | $ | (666 | )
Other comprehensive income (loss) before reclassifications |  | (848 | ) | — |  | — |  | 13 |  | — |  | (835 | )
Amount reclassified from AOCI |  | — |  | — |  | — |  | 39 |  |  |  | 39 |
Net other comprehensive income (loss) |  | (848 | ) | — |  | — |  | 52 |  | — |  | (796 | )
Balance as of December 31, 2017 |  | $ | (1,462 | ) | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | (1,462 | )
(in thousands) |  | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss) |  | Defined Benefit Pension and Postretirement Plans |  | Unrealized Gain (Loss) on Derivative Contracts |  | Unrealized Gain (Loss) on Available- for-Sale Securities |  | Accumulated Other Comprehensive Income (Loss), Net |
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2015 |  | $ | (222,569 | ) | $ | (37,949 | ) | $ | (162,530 | ) | $ | (9,255 | ) | $ | (472 | ) | $ | (432,775 | )
Other comprehensive income (loss) before reclassifications |  | (63,880 | ) | 6,036 |  | (9,888 | ) | (5,943 | ) | 312 |  | (73,363 | )
Amount reclassified from AOCI |  | — |  | — |  | 4,751 |  | 4,823 |  | (105 | ) | 9,469 |
Net other comprehensive income (loss) |  | (63,880 | ) | 6,036 |  | (5,137 | ) | (1,120 | ) | 207 |  | (63,894 | )
Balance as of December 31, 2016 |  | $ | (286,449 | ) | $ | (31,913 | ) | $ | (167,667 | ) | $ | (10,375 | ) | $ | (265 | ) | $ | (496,669 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2015 |  | $ | (114 | ) | $ | — |  | $ | — |  | $ | (510 | ) | $ | — |  | $ | (624 | )
Other comprehensive income (loss) before reclassifications |  | (500 | ) | — |  | — |  | 159 |  | — |  | (341 | )
Amount reclassified from AOCI |  | — |  | — |  | — |  | 299 |  |  |  | 299 |
Net other comprehensive income (loss) |  | (500 | ) | — |  | — |  | 458 |  | — |  | (42 | )
Balance as of December 31, 2016 |  | $ | (614 | ) | $ | — |  | $ | — |  | $ | (52 | ) | $ | — |  | $ | (666 | )
(in thousands) |  | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss) |  | Defined Benefit Pension and Postretirement Plans |  | Unrealized Gain (Loss) on Derivative Contracts |  | Unrealized Gain (Loss) on Available- for-Sale Securities |  | Accumulated Other Comprehensive Income (Loss), Net |
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2014 |  | $ | (119,416 | ) | $ | (30,436 | ) | $ | (325,145 | ) | $ | (8,954 | ) | $ | (261 | ) | $ | (484,212 | )
Other comprehensive loss before reclassifications |  | (109,361 | ) | (9,000 | ) | (5,382 | ) | (3,260 | ) | (116 | ) | (127,119 | )
Amount reclassified from AOCI |  | 6,208 |  | 1,487 |  | 167,997 |  | 2,959 |  | (95 | ) | 178,556 |
Net other comprehensive income (loss) |  | (103,153 | ) | (7,513 | ) | 162,615 |  | (301 | ) | (211 | ) | 51,437 |
Balance as of December 31, 2015 |  | $ | (222,569 | ) | $ | (37,949 | ) | $ | (162,530 | ) | $ | (9,255 | ) | $ | (472 | ) | $ | (432,775 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2014 |  | $ | 1,328 |  | $ | — |  | $ | — |  | $ | (685 | ) | $ | — |  | $ | 643 |
Other comprehensive loss before reclassifications |  | (1,442 | ) | — |  | — |  | (101 | ) | — |  | (1,543 | )
Amount reclassified from AOCI |  | — |  | — |  | — |  | 276 |  |  |  | 276 |
Net other comprehensive income (loss) |  | (1,442 | ) | — |  | — |  | 175 |  | — |  | (1,267 | )
Balance as of December 31, 2015 |  | $ | (114 | ) | $ | — |  | $ | — |  | $ | (510 | ) | $ | — |  | $ | (624 | )
Schedule of significant items reclassified out of AOCI and corresponding location and impact |
|  | Location in Consolidated |  | Year Ended December 31, |
(in thousands) |  | Statements of Earnings |  | 2017 |  | 2016 |  | 2015 |
Component of AOCI: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | Gain related to a partial sale of a subsidiary |  | $ | — |  | $ | — |  | $ | (9,932 | )
Income tax benefit |  | Income tax expense |  | — |  | — |  | 3,724 |
Net of tax |  |  |  | $ | — |  | $ | — |  | $ | (6,208 | )
Ownership share of equity method investees’ other comprehensive loss |  | Total cost of revenue |  | $ | (1,713 | ) | $ | — |  | $ | (1,487 | )
Income tax benefit |  | Income tax expense |  | 413 |  | — |  | — |
Net of tax |  |  |  | $ | (1,300 | ) | $ | — |  | $ | (1,487 | )
Defined benefit pension plan adjustments |  | Various accounts (1) |  | $ | (6,638 | ) | $ | (7,602 | ) | $ | (268,795 | )
Income tax benefit |  | Income tax expense |  | 2,485 |  | 2,851 |  | 100,798 |
Net of tax |  |  |  | $ | (4,153 | ) | $ | (4,751 | ) | $ | (167,997 | )
Unrealized gain (loss) on derivative contracts: |  |  |  |  |  |  |  |  |
Commodity and foreign currency contracts |  | Total cost of revenue |  | $ | 2,956 |  | $ | (6,388 | ) | $ | (3,490 | )
Interest rate contracts |  | Interest expense |  | (1,678 | ) | (1,678 | ) | (1,678 | )
Income tax benefit (net) |  | Income tax expense |  | (509 | ) | 2,944 |  | 1,933 |
Net of tax: |  |  |  | 769 |  | (5,122 | ) | (3,235 | )
Less: Noncontrolling interests |  | Net earnings attributable to noncontrolling interests |  | (39 | ) | (299 | ) | (276 | )
Net of tax and noncontrolling interests |  |  |  | $ | 808 |  | $ | (4,823 | ) | $ | (2,959 | )
Unrealized gain on available-for-sale securities |  | Corporate general and administrative expense |  | $ | (85 | ) | $ | 168 |  | $ | 152 |
Income tax expense |  | Income tax expense |  | 32 |  | (63 | ) | (57 | )
Net of tax |  |  |  | $ | (53 | ) | $ | 105 |  | $ | 95 |
| (1) |  | Defined benefit pension plan adjustments were reclassified primarily to total cost of revenue, corporate general and administrative expense and pension settlement charge.

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