XML 71 R52.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Stockholders' Equity Note [Abstract] |
Schedule of tax effects of components of other comprehensive income (loss) | The components of OCI follow:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
(in thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount |  | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount |  | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount
OCI: |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | $ | (37,422) |  | $ | (11) |  | $ | (37,433) |  |  | $ | (17,127) |  | $ | — |  | $ | (17,127) |  |  | $ | 101,096 |  | $ | (35,596) |  | $ | 65,500 |
Ownership share of equity method investees' OCI | 545 |  | (2,237) |  | (1,692) |  |  | (21,837) |  | 3,309 |  | (18,528) |  |  | (15,630) |  | 3,846 |  | (11,784) |
DB plan adjustments | 153,285 |  | (52,313) |  | 100,972 |  |  | (19,392) |  | — |  | (19,392) |  |  | 150,427 |  | (44,975) |  | 105,452 |
Unrealized gain (loss) on hedges | (11,068) |  | 1,722 |  | (9,346) |  |  | 23,531 |  | (4,634) |  | 18,897 |  |  | 4,734 |  | (1,594) |  | 3,140 |
Total OCI | 105,340 |  | (52,839) |  | 52,501 |  |  | (34,825) |  | (1,325) |  | (36,150) |  |  | 240,627 |  | (78,319) |  | 162,308 |
Less: OCI attributable to NCI | 1,334 |  | — |  | 1,334 |  |  | 883 |  | — |  | 883 |  |  | (1,350) |  | — |  | (1,350) |
OCI attributable to Fluor Corporation | $ | 104,006 |  | $ | (52,839) |  | $ | 51,167 |  |  | $ | (35,708) |  | $ | (1,325) |  | $ | (37,033) |  |  | $ | 241,977 |  | $ | (78,319) |  | $ | 163,658 |
Schedule of changes in AOCI 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 Corporation: |  |  |  |  |  |
Balance as of December 31, 2020 | $ | (260,960) |  | $ | (53,984) |  | $ | (118,589) |  | $ | 16,627 |  |  | $ | (416,906) |
OCI before reclassifications | (38,767) |  | (2,259) |  | (50,482) |  | 10,752 |  |  | (80,756) |
Amounts reclassified from AOCI | — |  | 567 |  | 151,454 |  | (20,098) |  |  | 131,923 |
Net OCI | (38,767) |  | (1,692) |  | 100,972 |  | (9,346) |  |  | 51,167 |
Balance as of December 31, 2021 | $ | (299,727) |  | $ | (55,676) |  | $ | (17,617) |  | $ | 7,281 |  |  | $ | (365,739) |
Attributable to NCI: |  |  |  |  |  |
Balance as of December 31, 2020 | $ | (4,168) |  | $ | — |  | $ | — |  | $ | — |  |  | $ | (4,168) |
OCI before reclassifications | 1,334 |  | — |  | — |  | — |  |  | 1,334 |
Amount reclassified from AOCI | — |  | — |  | — |  | — |  |  | — |
Net OCI | 1,334 |  | — |  | — |  | — |  |  | 1,334 |
Balance as of December 31, 2021 | $ | (2,834) |  | $ | — |  | $ | — |  | $ | — |  |  | $ | (2,834) |
(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 | (18,010) |  | (19,076) |  | (22,921) |  | 19,501 |  |  | (40,506) |
Amounts reclassified from AOCI | — |  | 548 |  | 3,529 |  | (604) |  |  | 3,473 |
Net OCI | (18,010) |  | (18,528) |  | (19,392) |  | 18,897 |  |  | (37,033) |
Balance as of December 31, 2020 | $ | (260,960) |  | $ | (53,984) |  | $ | (118,589) |  | $ | 16,627 |  |  | $ | (416,906) |
Attributable to NCI: |  |  |  |  |  |
Balance as of December 31, 2019 | $ | (5,051) |  | $ | — |  | $ | — |  | $ | — |  |  | $ | (5,051) |
OCI before reclassifications | 883 |  | — |  | — |  | — |  |  | 883 |
Amount reclassified from AOCI | — |  | — |  | — |  | — |  |  | — |
Net OCI | 883 |  | — |  | — |  | — |  |  | 883 |
Balance as of December 31, 2020 | $ | (4,168) |  | $ | — |  | $ | — |  | $ | — |  |  | $ | (4,168) |
(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, 2018 | $ | (309,800) |  | $ | (23,672) |  | $ | (204,649) |  | $ | (5,410) |  | $ | (543,531) |
OCI before reclassifications | 19,957 |  | (12,304) |  | 4,006 |  | 1,503 |  | 13,162 |
Amounts reclassified from AOCI | 46,893 |  | 520 |  | 101,446 |  | 1,637 |  | 150,496 |
Net OCI | 66,850 |  | (11,784) |  | 105,452 |  | 3,140 |  | 163,658 |
Balance as of December 31, 2019 | $ | (242,950) |  | $ | (35,456) |  | $ | (99,197) |  | $ | (2,270) |  | $ | (379,873) |
Attributable to NCI: |  |  |  |  |
Balance as of December 31, 2018 | $ | (3,701) |  | $ | — |  | $ | — |  | $ | — |  | $ | (3,701) |
OCI before reclassifications | (1,350) |  | — |  | — |  | — |  | (1,350) |
Amount reclassified from AOCI | — |  | — |  | — |  | — |  | — |
Net OCI | (1,350) |  | — |  | — |  | — |  | (1,350) |
Balance as of December 31, 2019 | $ | (5,051) |  | $ | — |  | $ | — |  | $ | — |  | $ | (5,051) |
Schedule of significant items reclassified out of accumulated other comprehensive income (loss) | The reclassifications out of AOCI follow:
| Location in Consolidated Statement of Operations | Year Ended December 31,
(in thousands) | 2021 | 2020 | 2019
Component of AOCI: |  |  |  |
Foreign currency translation adjustment | Impairment, restructuring & other exit costs | $ | — |  | $ | — |  | $ | (84,286) |
Income tax benefit | Income tax expense (benefit) | — |  | — |  | 37,393 |
Net of tax |  | $ | — |  | $ | — |  | $ | (46,893) |
Ownership share of equity method investees' OCI | Cost of revenue | $ | (756) |  | $ | (730) |  | $ | (695) |
Income tax benefit | Income tax expense (benefit) | 189 |  | 182 |  | 175 |
Net of tax |  | $ | (567) |  | $ | (548) |  | $ | (520) |
DB plan adjustments | Various accounts(1) | $ | (202,733) |  | $ | (3,529) |  | $ | (146,579) |
Income tax benefit | Income tax expense (benefit) | 51,279 |  | — |  | 45,133 |
Net of tax |  | $ | (151,454) |  | $ | (3,529) |  | $ | (101,446) |
Unrealized gain (loss) on hedges: |  |  |  |
Commodity and foreign currency contracts | Various accounts(2) | $ | 26,576 |  | $ | 1,837 |  | $ | (1,370) |
Interest rate contracts | Interest expense | (1,189) |  | (1,678) |  | (1,678) |
Income tax benefit | Income tax expense (benefit) | (5,289) |  | 445 |  | 1,411 |
Net of tax: |  | $ | 20,098 |  | $ | 604 |  | $ | (1,637) |
(1)DB plan adjustments were reclassified to "G&A" and "Loss on pension settlement". (2)Gains and losses on commodity and foreign currency derivatives were reclassified to "Cost of revenue" and "G&A".

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: 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=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=124509347&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration