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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited)
(in millions, except per share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Year ended December 31, 2020 |  |  |  |  |  |  |
Revenue | $ | 4,118.6 |  |  | $ | 4,091.0 |  |  | $ | 3,803.2 |  |  | $ | 3,655.7 |
Cost of revenue | 4,057.2 |  |  | 4,023.5 |  |  | 3,669.5 |  |  | 3,533.0 |
Earnings (loss) from Cont Ops before taxes | (228.4) |  |  | 10.9 |  |  | 52.2 |  |  | (41.7) |
Net earnings (loss) from Cont Ops | (161.6) |  |  | (20.2) |  |  | 23.4 |  |  | (67.2) |
Amounts attributable to Fluor Corporation: |  |  |  |  |  |  |
Net earnings (loss) from Cont Ops | (171.1) |  |  | (26.9) |  |  | 19.1 |  |  | (115.0) |
Net earnings (loss) from Disc Ops | (94.9) |  |  | 1.9 |  |  | 0.2 |  |  | (48.3) |
Net earnings (loss) | $ | (266.0) |  |  | $ | (25.0) |  |  | $ | 19.3 |  |  | $ | (163.3) |
Basic earnings (loss) per share attributable to Fluor Corporation: |  |  |  |  |  |  |
Net earnings (loss) from Cont Ops | $ | (1.22) |  |  | $ | (0.19) |  |  | $ | 0.14 |  |  | $ | (0.82) |
Net earnings (loss) from Disc Ops | (0.68) |  |  | 0.01 |  |  | — |  |  | (0.34) |
Net earnings (loss) | $ | (1.90) |  |  | $ | (0.18) |  |  | $ | 0.14 |  |  | $ | (1.16) |
Diluted earnings (loss) per share attributable to Fluor Corporation: |  |  |  |  |  |  |
Net earnings (loss) from Cont Ops | $ | (1.22) |  |  | $ | (0.19) |  |  | $ | 0.14 |  |  | $ | (0.82) |
Net earnings (loss) from Disc Ops | (0.68) |  |  | 0.01 |  |  | — |  |  | (0.34) |
Net earnings (loss) | $ | (1.90) |  |  | $ | (0.18) |  |  | $ | 0.14 |  |  | $ | (1.16) |
(in millions, except per share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Year ended December 31, 2019 |  |  |  |  |  |  |
Revenue | $ | 4,133.6 |  |  | $ | 4,146.4 |  |  | $ | 4,628.6 |  |  | $ | 4,408.7 |
Cost of revenue | 4,070.9 |  |  | 4,577.6 |  |  | 4,537.3 |  |  | 4,348.0 |
Earnings (loss) from Cont Ops before taxes | (29.0) |  |  | (511.9) |  |  | (258.8) |  |  | (271.8) |
Net earnings (loss) from Cont Ops | (44.2) |  |  | (436.1) |  |  | (754.1) |  |  | (322.3) |
Amounts attributable to Fluor Corporation: |  |  |  |  |  |  |
Net earnings (loss) from Cont Ops | (68.1) |  |  | (397.4) |  |  | (766.6) |  |  | (293.7) |
Net earnings (loss) from Disc Ops | (0.8) |  |  | (16.6) |  |  | 23.5 |  |  | (2.5) |
Net earnings (loss) | $ | (68.9) |  |  | $ | (414.0) |  |  | $ | (743.1) |  |  | $ | (296.2) |
Basic earnings (loss) per share attributable to Fluor Corporation: |  |  |  |  |  |  |
Net earnings (loss) from Cont Ops | $ | (0.49) |  |  | $ | (2.84) |  |  | $ | (5.47) |  |  | $ | (2.10) |
Net earnings (loss) from Disc Ops | — |  |  | (0.11) |  |  | 0.17 |  |  | (0.01) |
Net earnings (loss) | $ | (0.49) |  |  | $ | (2.95) |  |  | $ | (5.30) |  |  | $ | (2.11) |
Diluted earnings (loss) per share attributable to Fluor Corporation: |  |  |  |  |  |  |
Net earnings (loss) from Cont Ops | $ | (0.49) |  |  | $ | (2.84) |  |  | $ | (5.47) |  |  | $ | (2.10) |
Net earnings (loss) from Disc Ops | — |  |  | (0.11) |  |  | 0.17 |  |  | (0.01) |
Net earnings (loss) | $ | (0.49) |  |  | $ | (2.95) |  |  | $ | (5.30) |  |  | $ | (2.11) |
Significant items affecting 2020 earnings included the following: •Charges totaling $298 million for impairments of goodwill, intangible assets, investments and other assets during the first quarter of 2020. •Charges totaling $55 million for current expected credit losses associated with Energy & Chemicals clients during the first quarter of 2020. •Charges totaling $52 million for project positions due to COVID-19 related schedule delays and associated cost growth during the first quarter of 2020. •Charges totaling $100 million and $46 million for impairments of assets held for sale (included in Disc Ops) during the first and fourth quarters of 2020, respectively. Significant items affecting 2019 earnings included the following: •Charges totaling $31 million from the resolution of certain close-out matters with a customer during the first quarter of 2019. •Charges totaling $61 million, $179 million and $20 million from late design changes, schedule-driven cost growth including liquidated damages, and subcontractor negotiations on a lump-sum, offshore project during the first, second and fourth quarters of 2019, respectively. •Charges totaling $26 million and $109 million, including the settlement of client disputes, as well as cost growth related to certain close-out matters, on three lump-sum, gas-fired power plant projects during the first and second quarters of 2019, respectively. •Charges totaling $26 million from the write-off of pre-contract costs during the second quarter of 2019. •Charges totaling $87 million from schedule-driven cost growth and client and subcontractor negotiations on two lump-sum, downstream projects and scope reductions on a large upstream project during the second quarter of 2019. •Charges totaling $55 million and $78 million from late engineering changes and schedule-driven cost growth, as well as negotiations with clients and subcontractors on pending change orders, for several infrastructure projects during the second and fourth quarters of 2019, respectively. •Charges totaling $4 million, $57 million and $21 million for late engineering changes and cost growth related to the Radford project during the first, second and third quarters of 2019, respectively. •Gains of $13 million and $18 million resulting from the favorable resolution of a longstanding customer dispute during the second and third quarters of 2019, respectively. •Charges totaling $59 million for cost growth on the Warren project during the third quarter of 2019. •Charges totaling $546 million and $185 million related to establishing a valuation allowance against deferred tax assets during the third and fourth quarters of 2019, respectively. •Impairment, restructuring and other exit costs totaling $27 million, $27 million, $334 million and $145 million during the first, second, third and fourth quarters of 2019, respectively. •Loss on pension settlement of $138 million during the fourth quarter of 2019. •Gain of $89 million related to the settlement agreement with Westinghouse during the fourth quarter of 2019.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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