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Other Comprehensive Income (Loss) - (Tables) | 9 Months Ended
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Sep. 30, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of tax effects of components of other comprehensive income (loss) | The components of OCI follow:
|  | 3ME September 30, 2021 |  | 3ME September 30, 2020
(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 |  | $ | (18,712) |  |  | $ | — |  |  | $ | (18,712) |  |  | $ | 4,201 |  |  | $ | — |  |  | $ | 4,201 |
Ownership share of equity method investees’ OCI |  | (936) |  |  | (2,037) |  |  | (2,973) |  |  | (1,287) |  |  | 1,253 |  |  | (34) |
DB plan adjustments |  | 1,172 |  |  | (9) |  |  | 1,163 |  |  | 1,070 |  |  | — |  |  | 1,070 |
Unrealized gain (loss) on hedges |  | (1,814) |  |  | (465) |  |  | (2,279) |  |  | 11,328 |  |  | (1,740) |  |  | 9,588 |
Total OCI |  | (20,290) |  |  | (2,511) |  |  | (22,801) |  |  | 15,312 |  |  | (487) |  |  | 14,825 |
Less: OCI attributable to NCI |  | 2,355 |  |  | — |  |  | 2,355 |  |  | (495) |  |  | — |  |  | (495) |
OCI attributable to Fluor |  | $ | (22,645) |  |  | $ | (2,511) |  |  | $ | (25,156) |  |  | $ | 15,807 |  |  | $ | (487) |  |  | $ | 15,320 |
|  | 9ME September 30, 2021 |  | 9ME September 30, 2020
(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 |  | $ | (17,281) |  |  | $ | (11) |  |  | $ | (17,292) |  |  | $ | (75,828) |  |  | $ | — |  |  | $ | (75,828) |
Ownership share of equity method investees’ OCI |  | (4,222) |  |  | (890) |  |  | (5,112) |  |  | (18,707) |  |  | (153) |  |  | (18,860) |
DB plan adjustments |  | 3,573 |  |  | 432 |  |  | 4,005 |  |  | 3,071 |  |  | — |  |  | 3,071 |
Unrealized gain (loss) on hedges |  | (4,457) |  |  | (298) |  |  | (4,755) |  |  | 6,751 |  |  | (868) |  |  | 5,883 |
Total OCI |  | (22,387) |  |  | (767) |  |  | (23,154) |  |  | (84,713) |  |  | (1,021) |  |  | (85,734) |
Less: OCI attributable to NCI |  | 1,759 |  |  | — |  |  | 1,759 |  |  | (2,291) |  |  | — |  |  | (2,291) |
OCI attributable to Fluor |  | $ | (24,146) |  |  | $ | (767) |  |  | $ | (24,913) |  |  | $ | (82,422) |  |  | $ | (1,021) |  |  | $ | (83,443) |
Schedule of changes in accumulated other comprehensive income balances by component (after-tax) | The changes in AOCI balances follow:
(in thousands) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  | DB Plans |  | Unrealized Gain (Loss) on Hedges |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |
Balance as of June 30, 2021 | $ | (258,944) |  |  | $ | (56,123) |  |  | $ | (115,747) |  |  | $ | 14,151 |  |  | $ | (416,663) |
OCI before reclassifications | (21,067) |  |  | (3,117) |  |  | (1) |  |  | 1,530 |  |  | (22,655) |
Amounts reclassified from AOCI | — |  |  | 144 |  |  | 1,164 |  |  | (3,809) |  |  | (2,501) |
Net OCI | (21,067) |  |  | (2,973) |  |  | 1,163 |  |  | (2,279) |  |  | (25,156) |
Balance as of September 30, 2021 | $ | (280,011) |  |  | $ | (59,096) |  |  | $ | (114,584) |  |  | $ | 11,872 |  |  | $ | (441,819) |
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of June 30, 2021 | $ | (4,764) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (4,764) |
OCI before reclassifications | 2,355 |  |  | — |  |  | — |  |  | — |  |  | 2,355 |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | 2,355 |  |  | — |  |  | — |  |  | — |  |  | 2,355 |
Balance as of September 30, 2021 | $ | (2,409) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2,409) |
(in thousands) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  | DB Plans |  | Unrealized Gain (Loss) on Hedges |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 | $ | (260,960) |  |  | $ | (53,984) |  |  | $ | (118,589) |  |  | $ | 16,627 |  |  | $ | (416,906) |
OCI before reclassifications | (19,051) |  |  | (5,540) |  |  | (1) |  |  | 7,716 |  |  | (16,876) |
Amounts reclassified from AOCI | — |  |  | 428 |  |  | 4,006 |  |  | (12,471) |  |  | (8,037) |
Net OCI | (19,051) |  |  | (5,112) |  |  | 4,005 |  |  | (4,755) |  |  | (24,913) |
Balance as of September 30, 2021 | $ | (280,011) |  |  | $ | (59,096) |  |  | $ | (114,584) |  |  | $ | 11,872 |  |  | $ | (441,819) |
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 | $ | (4,168) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (4,168) |
OCI before reclassifications | 1,759 |  |  | — |  |  | — |  |  | — |  |  | 1,759 |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | 1,759 |  |  | — |  |  | — |  |  | — |  |  | 1,759 |
Balance as of September 30, 2021 | $ | (2,409) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2,409) |
(in thousands) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  | DB Plans |  | Unrealized Gain (Loss) on Hedges |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |
Balance as of June 30, 2020 | $ | (321,183) |  |  | $ | (54,282) |  |  | $ | (97,196) |  |  | $ | (5,975) |  |  | $ | (478,636) |
OCI before reclassifications | 4,696 |  |  | (171) |  |  | — |  |  | 10,112 |  |  | 14,637 |
Amounts reclassified from AOCI | — |  |  | 137 |  |  | 1,070 |  |  | (524) |  |  | 683 |
Net OCI | 4,696 |  |  | (34) |  |  | 1,070 |  |  | 9,588 |  |  | 15,320 |
Balance as of September 30, 2020 | $ | (316,487) |  |  | $ | (54,316) |  |  | $ | (96,126) |  |  | $ | 3,613 |  |  | $ | (463,316) |
Attributable to NCI: |  |  |  |  |  |  |  |
Balance as of June 30, 2020 | $ | (6,847) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (6,847) |
OCI before reclassifications | (495) |  |  | — |  |  | — |  |  | — |  |  | (495) |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | (495) |  |  | — |  |  | — |  |  | — |  |  | (495) |
Balance as of September 30, 2020 | $ | (7,342) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (7,342) |
(in thousands) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  | DB Plans |  | Unrealized Gain (Loss) on Hedges |  | AOCI, Net
Attributable to Fluor Corporation: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2019 | $ | (242,950) |  |  | $ | (35,456) |  |  | $ | (99,197) |  |  | $ | (2,270) |  |  | $ | (379,873) |
OCI before reclassifications | (73,537) |  |  | (19,270) |  |  | — |  |  | 6,007 |  |  | (86,800) |
Amounts reclassified from AOCI | — |  |  | 410 |  |  | 3,071 |  |  | (124) |  |  | 3,357 |
Net OCI | (73,537) |  |  | (18,860) |  |  | 3,071 |  |  | 5,883 |  |  | (83,443) |
Balance as of September 30, 2020 | $ | (316,487) |  |  | $ | (54,316) |  |  | $ | (96,126) |  |  | $ | 3,613 |  |  | $ | (463,316) |
Attributable to NCI: |  |  |  |  |  |  |  |
Balance as of December 31, 2019 | $ | (5,051) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,051) |
OCI before reclassifications | (2,291) |  |  | — |  |  | — |  |  | — |  |  | (2,291) |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive income (loss) | (2,291) |  |  | — |  |  | — |  |  | — |  |  | (2,291) |
Balance as of September 30, 2020 | $ | (7,342) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (7,342) |
Schedule of significant items reclassified out of AOCI and corresponding location and impact | Information about reclassifications out of AOCI follows:
|  |  |  | 3ME September 30, |  | 9ME September 30,
(in thousands) |  | Location in Statement of Operations |  | 2021 |  | 2020 |  | 2021 |  | 2020
Component of AOCI: |  |  |  |  |  |  |  |  |  |
Ownership share of equity method investees’ OCI |  | Cost of revenue |  | $ | (192) |  |  | $ | (183) |  |  | $ | (571) |  |  | $ | (547) |
Income tax benefit |  | Income tax expense (benefit) |  | 48 |  |  | 46 |  |  | 143 |  |  | 137 |
Net of tax |  |  |  | $ | (144) |  |  | $ | (137) |  |  | $ | (428) |  |  | $ | (410) |
DB plan adjustments |  | G&A |  | $ | (1,172) |  |  | $ | (1,070) |  |  | $ | (3,573) |  |  | $ | (3,071) |
Income tax benefit |  | Income tax expense (benefit) |  | 8 |  |  | — |  |  | (433) |  |  | — |
Net of tax |  |  |  | $ | (1,164) |  |  | $ | (1,070) |  |  | $ | (4,006) |  |  | $ | (3,071) |
Unrealized gain (loss) on derivative contracts: |  |  |  |  |  |  |  |  |  |
Commodity and foreign currency contracts |  | Various accounts(1) |  | $ | 4,140 |  |  | $ | 943 |  |  | $ | 15,962 |  |  | $ | 1,346 |
Interest rate contracts |  | Interest expense |  | (349) |  |  | (419) |  |  | (1,189) |  |  | (1,258) |
Income tax benefit |  | Income tax expense (benefit) |  | 18 |  |  | — |  |  | (2,302) |  |  | 36 |
Net of tax |  |  |  | $ | 3,809 |  |  | $ | 524 |  |  | $ | 12,471 |  |  | $ | 124 |
(1)Gains and losses on commodity and foreign currency derivative contracts were reclassified to "Cost of revenue" and "G&A"

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