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Other Comprehensive Income (Loss) - (Tables) | 9 Months Ended
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Sep. 30, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of tax effects of components of other comprehensive income (loss) | The tax effects of the components of other comprehensive income (loss) (“OCI”) for the three months ended September 30, 2019 and 2018 are as follows:
|  | Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
(in thousands) |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | $ | (47,247 | ) |  | $ | 5,245 |  |  | $ | (42,002 | ) |  | $ | (10,357 | ) |  | $ | (1,376 | ) |  | $ | (11,733 | )
Ownership share of equity method investees’ other comprehensive income (loss) |  | 3,593 |  |  | (931 | ) |  | 2,662 |  |  | (8,051 | ) |  | 1,556 |  |  | (6,495 | )
Defined benefit pension and postretirement plan adjustments |  | 2,126 |  |  | (136 | ) |  | 1,990 |  |  | (48,463 | ) |  | 8,660 |  |  | (39,803 | )
Unrealized loss on derivative contracts |  | (8,031 | ) |  | 1,737 |  |  | (6,294 | ) |  | (2,189 | ) |  | 237 |  |  | (1,952 | )
Total other comprehensive income (loss) |  | (49,559 | ) |  | 5,915 |  |  | (43,644 | ) |  | (69,060 | ) |  | 9,077 |  |  | (59,983 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  | (1,749 | ) |  | — |  |  | (1,749 | ) |  | (400 | ) |  | — |  |  | (400 | )
Other comprehensive income (loss) attributable to Fluor Corporation |  | $ | (47,810 | ) |  | $ | 5,915 |  |  | $ | (41,895 | ) |  | $ | (68,660 | ) |  | $ | 9,077 |  |  | $ | (59,583 | )
The tax effects of the components of OCI for the nine months ended September 30, 2019 and 2018 are as follows:
|  | Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
(in thousands) |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | $ | (19,621 | ) |  | $ | 5,284 |  |  | $ | (14,337 | ) |  | $ | (59,024 | ) |  | $ | 14,668 |  |  | $ | (44,356 | )
Ownership share of equity method investees’ other comprehensive income (loss) |  | (3,302 | ) |  | 1,177 |  |  | (2,125 | ) |  | 7,560 |  |  | (1,505 | ) |  | 6,055 |
Defined benefit pension and postretirement plan adjustments |  | 6,518 |  |  | (425 | ) |  | 6,093 |  |  | (43,580 | ) |  | 7,647 |  |  | (35,933 | )
Unrealized loss on derivative contracts |  | (1 | ) |  | (598 | ) |  | (599 | ) |  | (9,274 | ) |  | 1,580 |  |  | (7,694 | )
Unrealized gain on available-for-sale securities |  | — |  |  | — |  |  | — |  |  | 1,134 |  |  | (425 | ) |  | 709 |
Total other comprehensive income (loss) |  | (16,406 | ) |  | 5,438 |  |  | (10,968 | ) |  | (103,184 | ) |  | 21,965 |  |  | (81,219 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests |  | (1,543 | ) |  | — |  |  | (1,543 | ) |  | (1,283 | ) |  | — |  |  | (1,283 | )
Other comprehensive income (loss) attributable to Fluor Corporation |  | $ | (14,863 | ) |  | $ | 5,438 |  |  | $ | (9,425 | ) |  | $ | (101,901 | ) |  | $ | 21,965 |  |  | $ | (79,936 | )
Schedule of changes in accumulated other comprehensive income balances by component (after-tax) | The changes in accumulated other comprehensive income (“AOCI”) balances by component (after-tax) for the three months ended September 30, 2019 are as follows:
(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 |  | Accumulated Other Comprehensive Income (Loss), Net
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of June 30, 2019 | $ | (281,288 | ) |  | $ | (28,459 | ) |  | $ | (200,546 | ) |  | $ | 285 |  |  | $ | (510,008 | )
Other comprehensive income (loss) before reclassifications | (40,253 | ) |  | 2,518 |  |  | — |  |  | (6,844 | ) |  | (44,579 | )
Amounts reclassified from AOCI | — |  |  | 144 |  |  | 1,990 |  |  | 550 |  |  | 2,684 |
Net other comprehensive income (loss) | (40,253 | ) |  | 2,662 |  |  | 1,990 |  |  | (6,294 | ) |  | (41,895 | )
Balance as of September 30, 2019 | $ | (321,541 | ) |  | $ | (25,797 | ) |  | $ | (198,556 | ) |  | $ | (6,009 | ) |  | $ | (551,903 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |  |
Balance as of June 30, 2019 | $ | (3,495 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,495 | )
Other comprehensive income (loss) before reclassifications | (1,749 | ) |  | — |  |  | — |  |  | — |  |  | (1,749 | )
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive income (loss) | (1,749 | ) |  | — |  |  | — |  |  | — |  |  | (1,749 | )
Balance as of September 30, 2019 | $ | (5,244 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,244 | )
The changes in AOCI balances by component (after-tax) for the nine months ended September 30, 2019 are as follows:
(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 |  | Accumulated Other Comprehensive Income (Loss), Net
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (308,747 | ) |  | $ | (23,672 | ) |  | $ | (204,649 | ) |  | $ | (5,410 | ) |  | $ | (542,478 | )
Other comprehensive income (loss) before reclassifications | (12,794 | ) |  | (2,552 | ) |  | — |  |  | (2,519 | ) |  | (17,865 | )
Amounts reclassified from AOCI | — |  |  | 427 |  |  | 6,093 |  |  | 1,920 |  |  | 8,440 |
Net other comprehensive income (loss) | (12,794 | ) |  | (2,125 | ) |  | 6,093 |  |  | (599 | ) |  | (9,425 | )
Balance as of September 30, 2019 | $ | (321,541 | ) |  | $ | (25,797 | ) |  | $ | (198,556 | ) |  | $ | (6,009 | ) |  | $ | (551,903 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (3,701 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,701 | )
Other comprehensive income (loss) before reclassifications | (1,543 | ) |  | — |  |  | — |  |  | — |  |  | (1,543 | )
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive income (loss) | (1,543 | ) |  | — |  |  | — |  |  | — |  |  | (1,543 | )
Balance as of September 30, 2019 | $ | (5,244 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,244 | )
The changes in AOCI balances by component (after-tax) for the three months ended September 30, 2018 are as follows:
(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 June 30, 2018 | $ | (242,917 | ) |  | $ | (20,064 | ) |  | $ | (148,188 | ) |  | $ | (11,426 | ) |  | $ | — |  |  | $ | (422,595 | )
Other comprehensive income (loss) before reclassifications | (11,333 | ) |  | (6,646 | ) |  | (56,191 | ) |  | (3,736 | ) |  | — |  |  | (77,906 | )
Amounts reclassified from AOCI | — |  |  | 151 |  |  | 16,388 |  |  | 1,784 |  |  | — |  |  | 18,323 |
Net other comprehensive income (loss) | (11,333 | ) |  | (6,495 | ) |  | (39,803 | ) |  | (1,952 | ) |  | — |  |  | (59,583 | )
Balance as of September 30, 2018 | $ | (254,250 | ) |  | $ | (26,559 | ) |  | $ | (187,991 | ) |  | $ | (13,378 | ) |  | $ | — |  |  | $ | (482,178 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |  |  |
Balance as of June 30, 2018 | $ | (2,345 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2,345 | )
Other comprehensive income (loss) before reclassifications | (400 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (400 | )
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive income (loss) | (400 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (400 | )
Balance as of September 30, 2018 | $ | (2,745 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2,745 | )
The changes in AOCI balances by component (after-tax) for the nine months ended September 30, 2018 are as follows:
(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, 2017 | $ | (211,177 | ) |  | $ | (32,614 | ) |  | $ | (152,058 | ) |  | $ | (5,684 | ) |  | $ | (709 | ) |  | $ | (402,242 | )
Other comprehensive income (loss) before reclassifications | (43,073 | ) |  | 5,247 |  |  | (56,191 | ) |  | (10,785 | ) |  | — |  |  | (104,802 | )
Amounts reclassified from AOCI | — |  |  | 808 |  |  | 20,258 |  |  | 3,091 |  |  | 709 |  |  | 24,866 |
Net other comprehensive income (loss) | (43,073 | ) |  | 6,055 |  |  | (35,933 | ) |  | (7,694 | ) |  | 709 |  |  | (79,936 | )
Balance as of September 30, 2018 | $ | (254,250 | ) |  | $ | (26,559 | ) |  | $ | (187,991 | ) |  | $ | (13,378 | ) |  | $ | — |  |  | $ | (482,178 | )
Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2017 | $ | (1,462 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1,462 | )
Other comprehensive income (loss) before reclassifications | (1,283 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,283 | )
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive income (loss) | (1,283 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,283 | )
Balance as of September 30, 2018 | $ | (2,745 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2,745 | )
Schedule of significant items reclassified out of AOCI and corresponding location and impact | The significant items reclassified out of AOCI and the corresponding location and impact on the Condensed Consolidated Statement of Operations are as follows:
|  | Location in Condensed Consolidated |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | Statement of Operations |  | 2019 |  | 2018 |  | 2019 |  | 2018
Component of AOCI: |  |  |  |  |  |  |  |  |  |  |  |
Ownership share of equity method investees’ other comprehensive loss |  | Total cost of revenue |  | $ | (192 | ) |  | $ | (200 | ) |  | $ | (569 | ) |  | $ | (1,099 | )
Income tax benefit |  | Income tax expense |  | 48 |  |  | 49 |  |  | 142 |  |  | 291 |
Net of tax |  |  |  | $ | (144 | ) |  | $ | (151 | ) |  | $ | (427 | ) |  | $ | (808 | )
Defined benefit pension plan adjustments |  | Corporate general and administrative expense |  | $ | (2,126 | ) |  | $ | (20,062 | ) |  | $ | (6,518 | ) |  | $ | (24,945 | )
Income tax benefit |  | Income tax expense |  | 136 |  |  | 3,674 |  |  | 425 |  |  | 4,687 |
Net of tax |  |  |  | $ | (1,990 | ) |  | $ | (16,388 | ) |  | $ | (6,093 | ) |  | $ | (20,258 | )
Unrealized gain (loss) on derivative contracts: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | Various accounts(1) |  | $ | (496 | ) |  | $ | (2,257 | ) |  | $ | (1,958 | ) |  | $ | (3,375 | )
Interest rate contracts |  | Interest expense |  | (419 | ) |  | (419 | ) |  | (1,258 | ) |  | (1,258 | )
Income tax benefit |  | Income tax expense |  | 365 |  |  | 892 |  |  | 1,296 |  |  | 1,542 |
Net of tax |  |  |  | $ | (550 | ) |  | $ | (1,784 | ) |  | $ | (1,920 | ) |  | $ | (3,091 | )
Unrealized loss on available-for-sale securities |  | Corporate general and administrative expense |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1,134 | )
Income tax benefit |  | Income tax expense |  | — |  |  | — |  |  | — |  |  | 425 |
Net of tax |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (709 | )
_______________________________________________________________________________ (1) Gains and losses on foreign currency derivative contracts were reclassified to "Total cost of revenue" and "Corporate general and administrative expense."

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580 + Details
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