Discontinued Operations

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Discontinued OperationsIn May 2021, we sold the North American operations of the AMECO equipment business for $71 million and recognized a loss on the sale of $27 million. The results for the sold operations are reported in Disc Ops in the 2021 Period.

AMECO Disc Ops information follows:


(in millions)	3ME June 30, 2021			6ME June 30, 2021
Revenue		$	13		$	29
Cost of revenue		(21)			(37)
Gross Profit		(8)			(8)
G&A		—			—
Impairment expense		—			—
Loss on sale of AMECO North America		(25)			(25)
Foreign currency gain (loss)		—			—
Operating profit		(33)			(33)
Interest (expense) income, net		—			—
Earnings (loss) before taxes from Disc Ops		(33)			(33)
Income tax (expense) benefit		1			—
Net earnings (loss) from Disc Ops		(32)			(33)
Less: Net earnings (loss) from Disc Ops attributable to NCI		—			—
Net earnings (loss) from Disc Ops attributable to Fluor		$	(32)		$	(33)

Our cash flow information for the 2021 Period included the following activities related to AMECO Disc Ops:


(in millions)	6ME June 30, 2021
Capital expenditures		$	(11)

In our 2021 10-K, we reported additional AMECO operations and Stork operations in Disc Ops. These operations are still being marketed but no longer qualify for all Disc Ops criteria. They are now reported in Cont Ops, unless or until such time that they re-qualify for Disc Ops.