XML 48 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

Other Comprehensive Income (Loss) - (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
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 March 31, 2022 |  | 3ME March 31, 2021
(in millions) |  | 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 |  | $ | 29 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |
Ownership share of equity method investees’ OCI |  | — |  |  | 1 |  |  | 1 |  |  | (2) |  |  | — |  |  | (2) |
DB plan adjustments |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 2 |
Unrealized gain (loss) on hedges |  | (2) |  |  | — |  |  | (2) |  |  | (3) |  |  | — |  |  | (3) |
Total OCI |  | 28 |  |  | 1 |  |  | 29 |  |  | (1) |  |  | 1 |  |  | — |
Less: OCI attributable to NCI |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
OCI attributable to Fluor |  | $ | 28 |  |  | $ | 1 |  |  | $ | 29 |  |  | $ | (1) |  |  | $ | 1 |  |  | $ | — |
Schedule of changes in accumulated other comprehensive income balances by component (after-tax) | The changes in AOCI balances follow:
(in millions) | 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, 2021 | $ | (299) |  |  | $ | (56) |  |  | $ | (18) |  |  | $ | 7 |  |  | $ | (366) |
OCI before reclassifications | 29 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 33 |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | (4) |  |  | (4) |
Net OCI | 29 |  |  | 1 |  |  | 1 |  |  | (2) |  |  | 29 |
Balance as of March 31, 2022 | $ | (270) |  |  | $ | (55) |  |  | $ | (17) |  |  | $ | 5 |  |  | $ | (337) |
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2021 | $ | (3) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3) |
OCI before reclassifications | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of March 31, 2022 | $ | (3) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3) |
Attributable to Fluor: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 | $ | (261) |  |  | $ | (54) |  |  | $ | (119) |  |  | $ | 17 |  |  | $ | (417) |
OCI before reclassifications | 3 |  |  | (2) |  |  | — |  |  | 1 |  |  | 2 |
Amounts reclassified from AOCI | — |  |  | — |  |  | 2 |  |  | (4) |  |  | (2) |
Net OCI | 3 |  |  | (2) |  |  | 2 |  |  | (3) |  |  | — |
Balance as of March 31, 2021 | $ | (258) |  |  | $ | (56) |  |  | $ | (117) |  |  | $ | 14 |  |  | $ | (417) |
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2020 | $ | (4) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (4) |
OCI before reclassifications | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of March 31, 2021 | $ | (4) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (4) |
Schedule of significant items reclassified out of AOCI and corresponding location and impact | The reclassifications out of AOCI follow:
|  | Location in Statement of Operations |  | 3ME March 31,
(in thousands) |  |  | 2022 |  | 2021
Component of AOCI: |  |  |  |  |  |
DB plan adjustments |  | Corporate G&A |  | $ | — |  |  | $ | (2) |
Income tax expense |  | Income tax expense (benefit) |  | — |  |  | — |
Net of tax |  |  |  | $ | — |  |  | $ | (2) |
Unrealized gain (loss) on derivative contracts: |  |  |  |  |  |
Commodity and foreign currency contracts |  | Various accounts(1) |  | $ | 5 |  |  | $ | 5 |
Income tax expense |  | Income tax expense (benefit) |  | (1) |  |  | (1) |
Net of tax |  |  |  | $ | 4 |  |  | $ | 4 |
(1)Gains and losses on commodity and foreign currency derivative contracts were reclassified to "Cost of revenue" and "G&A".

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

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