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Operating Information by Segment and Geographic Area | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Operating Information by Segment and Geographic Area | Operating Information by Segment and Geographic Area
| Year Ended December 31,
(in millions) | 2020 |  | 2019 |  | 2018
Revenue |  |  |  |  |
Energy & Chemicals | $ | 5,260.4 |  |  | $ | 5,823.7 |  |  | $ | 7,695.5 |
Mining & Industrial | 4,149.1 |  |  | 5,057.2 |  |  | 3,491.0 |
Infrastructure & Power | 1,595.5 |  |  | 1,370.4 |  |  | 1,668.0 |
Government | 2,922.8 |  |  | 2,969.3 |  |  | 3,678.5 |
Diversified Services | 1,630.9 |  |  | 2,040.1 |  |  | 2,257.2 |
Other | 109.8 |  |  | 56.6 |  |  | 60.8 |
Total revenue | $ | 15,668.5 |  |  | $ | 17,317.3 |  |  | $ | 18,851.0 |
Segment profit (loss) |  |  |  |  |
Energy & Chemicals | $ | 163.7 |  |  | $ | (95.0) |  |  | $ | 334.5 |
Mining & Industrial | 122.4 |  |  | 158.5 |  |  | 94.3 |
Infrastructure & Power | 13.7 |  |  | (243.9) |  |  | (30.1) |
Government | 88.4 |  |  | 200.3 |  |  | 187.3 |
Diversified Services | 14.2 |  |  | 14.6 |  |  | 68.7 |
Other | (85.4) |  |  | (220.1) |  |  | (144.7) |
Total segment profit | $ | 317.0 |  |  | $ | (185.6) |  |  | $ | 510.0 |
Depreciation (all but Corporate included in segment profit) |  |  |  |  |
Energy & Chemicals | $ | — |  |  | $ | — |  |  | $ | — |
Mining & Industrial | — |  |  | — |  |  | — |
Infrastructure & Power | 10.0 |  |  | 7.3 |  |  | 6.7 |
Government | 4.0 |  |  | 4.0 |  |  | 3.6 |
Diversified Services | 21.9 |  |  | 34.5 |  |  | 52.1 |
Other | 1.7 |  |  | 2.8 |  |  | 3.2 |
Corporate | 64.9 |  |  | 61.7 |  |  | 59.8 |
Total depreciation(1) | $ | 102.5 |  |  | $ | 110.3 |  |  | $ | 125.4 |
Capital expenditures |  |  |  |  |
Energy & Chemicals | $ | — |  |  | $ | — |  |  | $ | — |
Mining & Industrial | — |  |  | — |  |  | — |
Infrastructure & Power | 28.8 |  |  | 12.2 |  |  | 24.5 |
Government | 3.2 |  |  | 3.0 |  |  | 6.9 |
Diversified Services | 24.6 |  |  | 33.6 |  |  | 46.9 |
Other | 3.4 |  |  | 1.5 |  |  | 1.8 |
Corporate | 30.0 |  |  | 62.5 |  |  | 90.0 |
Total capital expenditures(2) | $ | 90.0 |  |  | $ | 112.8 |  |  | $ | 170.1 |
| December 31, 2020 |  | December 31, 2019 |  |
Total assets |  |  |  |  |
Energy & Chemicals | $ | 1,004.6 |  |  | $ | 1,139.3 |  |  |
Mining & Industrial | 508.5 |  |  | 594.9 |  |  |
Infrastructure & Power | 469.3 |  |  | 471.3 |  |  |
Government | 575.4 |  |  | 629.1 |  |  |
Diversified Services | 950.6 |  |  | 1,290.6 |  |  |
Other | 38.1 |  |  | 68.5 |  |  |
Corporate | 3,574.7 |  |  | 3,379.3 |  |  |
Discontinued Operations - Assets held for sale | 188.6 |  |  | 393.7 |  |  |
Total assets | $ | 7,309.8 |  |  | $ | 7,966.7 |  |  |
Goodwill |  |  |  |  |
Energy & Chemicals | $ | 12.6 |  |  | $ | 12.6 |  |  |
Mining & Industrial | 9.2 |  |  | 8.2 |  |  |
Infrastructure & Power | 2.5 |  |  | 2.5 |  |  |
Government | 58.0 |  |  | 58.0 |  |  |
Diversified Services | 260.8 |  |  | 420.9 |  |  |
Other | 6.2 |  |  | 6.2 |  |  |
Total Goodwill | $ | 349.3 |  |  | $ | 508.4 |  |  |
(1) Depreciation of $44 million and $72 million during 2019 and 2018, respectively, was included in discontinued operations and excluded from the table above. (2) Capital expenditures of $23 million, $68 million and $41 million during 2020, 2019 and 2018, respectively, were included in discontinued operations and excluded from the table above. Energy & Chemicals. The revenue of a single Energy & Chemicals customer and its affiliates amounted to 12% of our consolidated revenue during 2020. The revenue of a different Energy & Chemicals customer and its affiliates amounted to 11% and 18% of our consolidated revenue during 2019 and 2018, respectively. Segment profit in 2020 included the adverse impacts of the recognition of reserves totaling $60 million for expected credit losses associated with certain joint venture clients, as well as margin diminution on a percentage-of-completion basis resulting from project positions taken with respect to COVID-19 related schedule delays and associated cost growth. Segment loss in 2019 included charges associated with forecast revisions on certain projects including $260 million (or $1.85 per share) for cost growth on an offshore project; $87 million (or $0.62 per share) for cost growth on two downstream projects and scope reductions on a large upstream project; $26 million (or $0.19 per share) for the write-off of pre-contract costs, $26 million (or $0.19 per share) on embedded foreign currency derivatives and $31 million (or $0.22 per share) from the resolution of close-out matters. Segment profit in 2018 included charges of $133 million (or $0.89 per share) for cost growth on a completed, downstream project and $40 million (or $0.23 per share) for cost growth on the aforementioned offshore project. We are currently in discussions with the clients of the two lump-sum, downstream projects mentioned above over unapproved change orders totaling $66 million for cost growth and extension of time due to client-caused delays. Our current forecasts are based on the probability of favorably resolving these matters. Revenue and segment profit could be adversely affected if these matters are not successfully resolved, including the assessment of liquidated damages for which our combined maximum exposure for both projects is approximately $121 million. Mining & Industrial. Segment profit in 2019 included a gain of $31 million (or $0.16 per share) resulting from a favorable resolution of a longstanding customer dispute on a mining project. Infrastructure & Power. Segment profit in 2020 included a positive settlement on a canceled rail project offset by charges for cost growth in the infrastructure legacy portfolio. Segment loss in 2019 included charges totaling $135 million (or $0.96 per share) for the settlement of client disputes and cost growth on certain close-out matters for three power projects that were substantially complete as of December 31, 2019. Segment loss in 2019 was further driven by charges totaling $133 million (or $0.95 per share) resulting from late engineering changes, schedule-driven cost growth and negotiations with clients and subcontractors on pending change orders, for several infrastructure projects. Segment loss in 2018 included charges totaling $188 million (or $1.02 per share) resulting from cost growth at one of the aforementioned power projects. The charges in 2018 were largely offset by a gain of $125 million (or $0.74 per share) on the sale of a joint venture interest in the United Kingdom. Government. Revenue from work performed for various agencies of the U.S. government amounted to 18%, 15% and 18% of our consolidated revenue during 2020, 2019 and 2018, respectively. During 2019, we settled with a client in connection with the cancellation of two subcontracts at nuclear power plant projects in South Carolina and Georgia. The settlement resolved our claims arising prior to the bankruptcy filing in March 2017. Proceeds from the settlement were received during 2019. As a result of the settlement, we de-recognized pre-petition accounts receivable of $68 million and also recorded $89 million of previously unrecognized service fee revenue. Diversified Services. During 2020, 2019 and 2018, intercompany revenue for the Diversified Services segment, excluded from the amounts shown above, was $270 million, $322 million and $332 million, respectively. Other. Segment loss in 2019 included charges of $59 million (or $0.42 per share) on the Warren project and $83 million (or $0.59 per share) on the Radford project for various engineering and cost growth associated with the facilities. Segment loss in 2018 of $56 million (or $0.30 per share) was driven by forecast revisions on the Radford project. There were no similar material charges in 2020. Segment loss for all periods included the operations of NuScale, which are primarily for research and development activities associated with the licensing and commercialization of small modular nuclear reactor technology. NuScale expenses included in the determination of segment loss were $84 million, $66 million and $74 million during 2020, 2019 and 2018, respectively. NuScale expenses in 2020, 2019 and 2018 were reported net of qualified reimbursable expenses of $71 million, $56 million and $62 million, respectively.
Reconciliation of Total Segment Profit (Loss) to Earnings (Loss) from Continuing Operations Before Taxes |  |
Year Ended December 31,
(in millions) | 2020 | 2019 | 2018
Total segment profit (loss) | $ | 317.0 |  | $ | (185.6) |  | $ | 510.0 |
Corporate general and administrative expense | (240.7) |  | (165.9) |  | (121.2) |
Impairment, restructuring and other exit costs | (305.6) |  | (532.6) |  | — |
Gain (loss) on pension settlement | 0.4 |  | (137.9) |  | (21.9) |
Interest income (expense), net | (46.4) |  | (18.5) |  | (40.6) |
Earnings (loss) attributable to NCI from continuing operations | 68.2 |  | (31.0) |  | 59.4 |
Earnings (loss) from continuing operations before taxes | $ | (207.1) |  | $ | (1,071.5) |  | $ | 385.7 |
Foreign currency exchange gains and (losses) of ($47 million), ($27 million) and $33 million were included in Corporate G&A during 2020, 2019 and 2018, respectively. Operating Information by Geographic Area
| Revenue by project location Year Ended December 31, |  | Total Assets As of December 31,
(in millions) | 2020 | 2019 | 2018 |  | 2020 | 2019
North America | $ | 9,806.4 |  | $ | 8,439.7 |  | $ | 8,982.1 |  |  | $ | 3,982.4 |  | $ | 3,728.8 |
Asia Pacific (includes Australia) | 1,398.2 |  | 1,763.3 |  | 1,494.0 |  |  | 562.1 |  | 533.7 |
Europe | 2,517.5 |  | 3,731.6 |  | 5,326.6 |  |  | 1,403.9 |  | 1,906.9 |
Central and South America | 1,388.1 |  | 2,375.3 |  | 1,262.6 |  |  | 812.8 |  | 1,233.6 |
Middle East and Africa | 558.3 |  | 1,007.4 |  | 1,785.7 |  |  | 548.6 |  | 563.7 |
Total | $ | 15,668.5 |  | $ | 17,317.3 |  | $ | 18,851.0 |  |  | $ | 7,309.8 |  | $ | 7,966.7 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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