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Operating Information by Segment and Geographic Area
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
3ME
June 30,
6ME
June 30,
(in millions)2022202120222021
Revenue
Energy Solutions$1,330 $1,319 $2,505 $2,310 
Urban Solutions1,005 1,210 1,964 2,405 
Mission Solutions547 707 1,140 1,460 
Other417 448 813 856 
Total revenue$3,299 $3,684 $6,422 $7,031 
Segment profit (loss)
Energy Solutions$65 $109 $119 $111 
Urban Solutions(68)23 (38)
Mission Solutions28 45 86 89 
Other(5)(6)
Total segment profit (loss)$108 $95 $223 $156 
G&A(45)(33)(117)(100)
Impairment— (101)63 (148)
Foreign currency gain (loss)36 (30)18 (41)
Interest income (expense), net(1)(12)(10)(30)
Earnings (loss) from Cont Ops attributable to NCI(7)14 25 
Earnings (loss) from Cont Ops before taxes$105 $(88)$191 $(138)
Energy Solutions. Segment profit in the 2022 Quarter and 2022 Period included gains of $17 million and $4 million, respectively, related to an embedded foreign currency derivative. Segment profit in the 2021 Quarter and 2021 Period included losses of $20 million and $49 million, respectively, related to the embedded derivative.
Urban Solutions. Segment profit for the 2021 Quarter and 2021 Period included a project charge of $138 million (or $0.72 per share) related to procurement and subcontractor cost growth, delays and disruptions in the schedule of an infrastructure project. Further cost growth on this project resulted in additional charges of $32 million (or $0.14 per share) in the 2022 Quarter. We continue to analyze the recoverability of these costs.
Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
3ME
 June 30,
6ME
 June 30,
(in millions)2022202120222021
NuScale$(8)$(18)$(29)$(34)
Stork12 14 18 17 
AMECO13 11 
Segment profit (loss)$$$(5)$(6)
In April 2022, we sold approximately 5% of the ownership of NuScale to Japan NuScale Innovation, LLC for $107 million, subject to CFIUS review. The sale did not trigger any recognition of gain or loss because we control and consolidate NuScale before and after the sale. We have recorded $107 million as temporary APIC on the balance sheet as of June 30, 2022, which would become permanent APIC upon CFIUS approval. If CFIUS does not approve the sale, then these amounts will be repaid to the buyer.
Total assets by segment are as follows:
(in millions)June 30,
2022
December 31,
2021
Energy Solutions$936 $1,158 
Urban Solutions987 906 
Mission Solutions583 764 
Other689 667 
Corporate3,330 3,594 
Total assets$6,525 $7,089 
Revenue by project location follows:
3ME
June 30,
6ME
June 30,
(in millions)2022202120222021
North America$2,101 $2,187 $4,009 $4,254 
Asia Pacific (includes Australia)203 427 452 780 
Europe595 581 1,145 1,018 
Central and South America356 404 707 779 
Middle East and Africa44 85 109 200 
Total revenue$3,299 $3,684 $6,422 $7,031