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Operating Information by Segment and Geographic Area | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Operating Information by Segment and Geographic Area | Operating Information by Segment and Geographic Area
|  | 3ME September 30, |  | 9ME September 30,
(in millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Revenue |  |  |  |  |  |  |  |
Energy Solutions |  | $ | 1,592 |  |  | $ | 1,365 |  |  | $ | 4,097 |  |  | $ | 3,675 |
Urban Solutions |  | 982 |  |  | 1,015 |  |  | 2,946 |  |  | 3,419 |
Mission Solutions |  | 639 |  |  | 723 |  |  | 1,779 |  |  | 2,184 |
Other |  | 399 |  |  | 400 |  |  | 1,212 |  |  | 1,256 |
Total revenue |  | $ | 3,612 |  |  | $ | 3,503 |  |  | $ | 10,034 |  |  | $ | 10,534 |
Segment profit (loss) |  |  |  |  |  |  |  |
Energy Solutions |  | $ | 59 |  |  | $ | 72 |  |  | $ | 177 |  |  | $ | 184 |
Urban Solutions |  | (54) |  |  | 18 |  |  | (31) |  |  | (21) |
Mission Solutions |  | 29 |  |  | 28 |  |  | 115 |  |  | 117 |
Other |  | (3) |  |  | (2) |  |  | (8) |  |  | (8) |
Total segment profit (loss) |  | $ | 31 |  |  | $ | 116 |  |  | $ | 253 |  |  | $ | 272 |
G&A |  | (30) |  |  | (44) |  |  | (146) |  |  | (144) |
Impairment |  | — |  |  | (5) |  |  | 63 |  |  | (153) |
Foreign currency gain (loss) |  | 34 |  |  | 37 |  |  | 51 |  |  | (4) |
Interest income (expense), net |  | 14 |  |  | (33) |  |  | 4 |  |  | (63) |
Earnings (loss) from Cont Ops attributable to NCI |  | (46) |  |  | (3) |  |  | (31) |  |  | 22 |
Earnings (loss) from Cont Ops before taxes |  | $ | 3 |  |  | $ | 68 |  |  | $ | 194 |  |  | $ | (70) |
Energy Solutions. Segment profit in the 2022 Quarter and 2022 Period included losses of $5 million and $1 million, respectively, related to an embedded foreign currency derivative. Segment profit in the 2021 Quarter and 2021 Period included a gain of $18 million and a loss of $30 million, respectively, related to the embedded derivative. Urban Solutions. Segment profit for the 2022 Quarter included a $64 million (or $0.37 per share) charge for additional rework and schedule delays on a highway project, a $22 million (or $0.09 per share) charge for cost growth and delay mitigation costs on an international bridge project and a $21 million (or $0.12 per share) charge for subcontractor cost escalation and productivity estimates on an automated people mover project. Segment profit for the 2021 Quarter included forecast revisions for schedule delays and productivity on a light rail project. Segment profit for the 2022 Period included a $86 million (or $0.50 per share) charge for additional rework and schedule delays on a highway project, a $54 million (or $0.23 per share) charge for cost growth and delay mitigation costs on an international bridge project and a $35 million (or $0.20 per share) charge for subcontractor cost escalation and productivity estimates on an automated people mover project. Segment profit for the 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 the international bridge project. We continue to analyze the recoverability of these costs as claims, which could be material. Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
| 3ME September 30, |  | 9ME September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
NuScale | $ | (15) |  |  | $ | (8) |  |  | $ | (44) |  |  | $ | (43) |
Stork | 8 |  |  | 8 |  |  | 26 |  |  | 26 |
AMECO | 4 |  |  | (2) |  |  | 10 |  |  | 9 |
Segment profit (loss) | $ | (3) |  |  | $ | (2) |  |  | $ | (8) |  |  | $ | (8) |
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 our balance sheet as of September 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. We expect CFIUS review to be completed in the fourth quarter of 2022 or early 2023. Total assets by segment are as follows:
(in millions) |  | September 30, 2022 |  | December 31, 2021
Energy Solutions |  | $ | 979 |  |  | $ | 1,158 |
Urban Solutions |  | 1,052 |  |  | 906 |
Mission Solutions |  | 500 |  |  | 764 |
Other |  | 679 |  |  | 667 |
Corporate |  | 3,660 |  |  | 3,594 |
Total assets |  | $ | 6,870 |  |  | $ | 7,089 |
Revenue by project location follows:
|  | 3ME September 30, |  | 9ME September 30,
(in millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021
North America |  | $ | 2,317 |  |  | $ | 2,106 |  |  | $ | 6,326 |  |  | $ | 6,361 |
Asia Pacific (includes Australia) |  | 351 |  |  | 273 |  |  | 803 |  |  | 1,053 |
Europe |  | 559 |  |  | 602 |  |  | 1,704 |  |  | 1,620 |
Central and South America |  | 327 |  |  | 449 |  |  | 1,034 |  |  | 1,228 |
Middle East and Africa |  | 58 |  |  | 73 |  |  | 167 |  |  | 272 |
Total revenue |  | $ | 3,612 |  |  | $ | 3,503 |  |  | $ | 10,034 |  |  | $ | 10,534 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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