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Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The components of OCI follow:
|  | Three Months Ended March 31, 2020 |  | Three Months Ended March 31, 2019
(in thousands) |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount
OCI: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | (111,101 | ) |  | $ | — |  |  | $ | (111,101 | ) |  | $ | 44,210 |  |  | $ | (2,014 | ) |  | $ | 42,196 |
Ownership share of equity method investees’ OCI |  | (2,519 | ) |  | (5,653 | ) |  | (8,172 | ) |  | (3,495 | ) |  | 1,173 |  |  | (2,322 | )
Defined benefit pension and postretirement plan adjustments |  | 1,002 |  |  | 44 |  |  | 1,046 |  |  | 2,210 |  |  | (146 | ) |  | 2,064 |
Unrealized gain (loss) on derivative contracts |  | (5,874 | ) |  | 404 |  |  | (5,470 | ) |  | 4,634 |  |  | (1,177 | ) |  | 3,457 |
Total OCI |  | (118,492 | ) |  | (5,205 | ) |  | (123,697 | ) |  | 47,559 |  |  | (2,164 | ) |  | 45,395 |
Less: OCI attributable to NCI |  | (4,217 | ) |  | — |  |  | (4,217 | ) |  | 485 |  |  | — |  |  | 485 |
OCI attributable to Fluor Corporation |  | $ | (114,275 | ) |  | $ | (5,205 | ) |  | $ | (119,480 | ) |  | $ | 47,074 |  |  | $ | (2,164 | ) |  | $ | 44,910 |
The changes in AOCI balances follow:
(in thousands) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  | Defined Benefit Pension and Postretirement Plans |  | Unrealized Gain (Loss) on Derivative Contracts |  | Accumulated OCI, Net
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2019 | $ | (242,950 | ) |  | $ | (35,456 | ) |  | $ | (99,197 | ) |  | $ | (2,270 | ) |  | $ | (379,873 | )
OCI before reclassifications | (106,884 | ) |  | (8,313 | ) |  | — |  |  | (5,251 | ) |  | (120,448 | )
Amounts reclassified from AOCI | — |  |  | 141 |  |  | 1,046 |  |  | (219 | ) |  | 968 |
Net OCI | (106,884 | ) |  | (8,172 | ) |  | 1,046 |  |  | (5,470 | ) |  | (119,480 | )
Balance as of March 31, 2020 | $ | (349,834 | ) |  | $ | (43,628 | ) |  | $ | (98,151 | ) |  | $ | (7,740 | ) |  | $ | (499,353 | )
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2019 | $ | (5,051 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,051 | )
OCI before reclassifications | (4,217 | ) |  | — |  |  | — |  |  | — |  |  | (4,217 | )
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | (4,217 | ) |  | — |  |  | — |  |  | — |  |  | (4,217 | )
Balance as of March 31, 2020 | $ | (9,268 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (9,268 | )
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (309,800 | ) |  | $ | (23,672 | ) |  | $ | (204,649 | ) |  | $ | (5,410 | ) |  | $ | (543,531 | )
OCI before reclassifications | 41,711 |  |  | (2,464 | ) |  | — |  |  | 2,696 |  |  | 41,943 |
Amounts reclassified from AOCI | — |  |  | 142 |  |  | 2,064 |  |  | 761 |  |  | 2,967 |
Net OCI | 41,711 |  |  | (2,322 | ) |  | 2,064 |  |  | 3,457 |  |  | 44,910 |
Balance as of March 31, 2019 | $ | (268,089 | ) |  | $ | (25,994 | ) |  | $ | (202,585 | ) |  | $ | (1,953 | ) |  | $ | (498,621 | )
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (3,701 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,701 | )
OCI before reclassifications | 485 |  |  | — |  |  | — |  |  | — |  |  | 485 |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | 485 |  |  | — |  |  | — |  |  | — |  |  | 485 |
Balance as of March 31, 2019 | $ | (3,216 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,216 | )
The reclassifications out of AOCI follow:
|  | Location in Statement of Operations |  | Three Months Ended March 31,
(in thousands) |  |  | 2020 |  | 2019
Component of AOCI: |  |  |  |  |  |  |  |
Ownership share of equity method investees’ OCI |  | Cost of revenue |  | $ | (188 | ) |  | $ | (189 | )
Income tax benefit |  | Income tax expense (benefit) |  | 47 |  |  | 47 |
Net of tax |  |  |  | $ | (141 | ) |  | $ | (142 | )
Defined benefit pension plan adjustments |  | Corporate G&A |  | $ | (1,002 | ) |  | $ | (2,210 | )
Income tax benefit (expense) |  | Income tax expense (benefit) |  | (44 | ) |  | 146 |
Net of tax |  |  |  | $ | (1,046 | ) |  | $ | (2,064 | )
Unrealized gain (loss) on derivative contracts: |  |  |  |  |  |
Commodity and foreign currency contracts |  | Various accounts(1) |  | $ | 642 |  |  | $ | (845 | )
Interest rate contracts |  | Interest expense |  | (419 | ) |  | (420 | )
Income tax benefit (expense) |  | Income tax expense (benefit) |  | (4 | ) |  | 504 |
Net of tax |  |  |  | $ | 219 |  |  | $ | (761 | )
(1) Gains and losses on commodity and foreign currency derivative contracts were reclassified to "Cost of revenue" and "Corporate G&A".

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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