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Operating Information by Segment and Geographic Area
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
 Year Ended December 31,
(in millions)202220212020
Revenue
Energy Solutions$5,872 $4,956 $5,271 
Urban Solutions3,921 4,416 5,854 
Mission Solutions2,289 3,063 3,033 
Other1,662 1,721 1,630 
Total revenue$13,744 $14,156 $15,788 
Intercompany revenue for our professional staffing business, excluded from revenue above$249 $269 $272 
Segment profit (loss)
Energy Solutions$301 $250 $169 
Urban Solutions38 161 
Mission Solutions136 155 87 
Other(13)(28)(75)
Total segment profit$427 $415 $342 
G&A(237)(226)(215)
Impairment24 (290)(380)
Gain (loss) on pension settlement42 (198)— 
Foreign currency gain (loss)25 (13)(47)
Interest income (expense), net35 (73)(46)
Earnings (loss) from Cont Ops attributable to NCI(72)39 68 
Earnings (loss) from Cont Ops before taxes$244 $(346)$(278)
Depreciation (all but Corporate included in segment profit)
Energy Solutions$— $— $— 
Urban Solutions10 
Mission Solutions
Other18 24 
Corporate43 53 65 
Total depreciation$73 $73 $103 
Capital expenditures
Energy Solutions$— $— $— 
Urban Solutions13 25 29 
Mission Solutions
Other21 19 28 
Corporate36 19 25 
Total capital expenditures$75 $66 $85 
December 31, 2022December 31, 2021
Total assets
Energy Solutions$967 $1,158 
Urban Solutions1,068 906 
Mission Solutions485 764 
Other685 667 
Corporate3,621 3,594 
Total assets$6,827 $7,089 
Goodwill
Energy Solutions$13 $12 
Urban Solutions129 130 
Mission Solutions58 58 
Other49 
Total goodwill$206 $249 
Energy Solutions. The revenue of a single Energy Solutions customer and its affiliates amounted to 14%, 13% and 11% of our consolidated revenue during 2022, 2021 and 2020, respectively.
Segment profit in 2021 included the collection of previously reserved accounts receivable and losses on embedded foreign currency derivatives. Segment profit in 2020 included the recognition of reserves totaling $60 million for expected credit losses on aged receivables as well as margin diminution resulting from COVID related cost growth.
Urban Solutions. Segment profit in 2022 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 in 2021 included forecast revisions for procurement and subcontractor cost growth, delays and disruptions in schedule on the international bridge project, resulting in a charge of $138 million (or $0.72 per share). Segment profit in 2021 also included forecast revisions for schedule delays and productivity on a light rail project, a favorable resolution of a long-standing customer dispute on a road project and a gain on the sale of our interest in an infrastructure joint venture.
Mission Solutions. Revenue from work performed for various agencies of the U.S. government amounted to 16%, 21% and 18% of our consolidated revenue during 2022, 2021 and 2020, respectively.
Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
YEAR ENDED DECEMBER 31,
(in millions)202220212020
NuScale$(73)$(69)$(84)
Stork59 35 (6)
AMECO15 
Segment profit (loss)(13)$(28)$(75)
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 recorded $107 million as temporary APIC on our balance sheet through September 30, 2022, pending CFIUS approval. CFIUS completed their review during the fourth quarter of 2022, and all related amounts are now reflected in APIC. NuScale received capital contributions from outside investors of $193 million and $9 million during 2021 and 2020, respectively. As of December 31, 2022, Fluor had an approximate 56% ownership in NuScale.
Operating Information by Geographic Area
Revenue by project location
Year Ended December 31,
Total Assets
As of December 31,
(in millions)20222021202020222021
North America$8,819 $8,532 $9,832 $4,406 $4,526 
Asia Pacific (includes Australia)1,138 1,331 1,398 642 617 
Europe2,240 2,223 2,528 959 908 
Central and South America1,338 1,723 1,482 438 594 
Middle East and Africa209 347 548 382 444 
Total$13,744 $14,156 $15,788 $6,827 $7,089