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Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 31, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The components of OCI follow:
|  | 3ME March 31, 2023 |  | 3ME March 31, 2022
(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 |  | $ | 46 |  |  | $ | — |  |  | $ | 46 |  |  | $ | 29 |  |  | $ | — |  |  | $ | 29 |
Ownership share of equity method investees’ OCI |  | (1) |  |  | — |  |  | (1) |  |  | — |  |  | 1 |  |  | 1 |
DB plan adjustments |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |
Unrealized gain (loss) on hedges |  | — |  |  | — |  |  | — |  |  | (2) |  |  | — |  |  | (2) |
Total OCI |  | 46 |  |  | — |  |  | 46 |  |  | 28 |  |  | 1 |  |  | 29 |
Less: OCI attributable to NCI |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
OCI attributable to Fluor |  | $ | 46 |  |  | $ | — |  |  | $ | 46 |  |  | $ | 28 |  |  | $ | 1 |  |  | $ | 29 |
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, 2022 | $ | (328) |  |  | $ | (25) |  |  | $ | (13) |  |  | $ | 1 |  |  | $ | (365) |
OCI before reclassifications | 11 |  |  | (1) |  |  | 1 |  |  | (1) |  |  | 11 |
Amounts reclassified from AOCI | 35 |  |  | — |  |  | — |  |  | 1 |  |  | 35 |
Net OCI | 46 |  |  | (1) |  |  | 1 |  |  | — |  |  | 46 |
Balance as of March 31, 2023 | $ | (282) |  |  | $ | (26) |  |  | $ | (12) |  |  | $ | 1 |  |  | $ | (319) |
Attributable to NCI: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2022 | $ | (2) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2) |
OCI before reclassifications | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of March 31, 2023 | $ | (2) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2) |
Attributable to Fluor: |  |  |  |  |  |  |  |  |
Balance as of December 31, 2021 | $ | (300) |  |  | $ | (56) |  |  | $ | (18) |  |  | $ | 8 |  |  | $ | (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 | $ | (271) |  |  | $ | (55) |  |  | $ | (17) |  |  | $ | 6 |  |  | $ | (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) |
The reclassifications out of AOCI follow:
|  | Location in Statement of Operations |  | 3ME March 31,
(in thousands) |  |  | 2023 |  | 2022
Component of AOCI: |  |  |  |  |  |
Foreign currency translation adjustment |  | Cost of revenue |  | $ | (35) |  |  | $ | — |
Income tax benefit |  | Income tax expense (benefit) |  | — |  |  | — |
Net of tax |  |  |  | $ | (35) |  |  | $ | — |
Unrealized gain (loss) on derivative contracts: |  |  |  |  |  |
Foreign currency contracts |  | Cost of revenue |  | $ | (1) |  |  | $ | 5 |
Income tax expense |  | Income tax expense (benefit) |  | — |  |  | (1) |
Net of tax |  |  |  | $ | (1) |  |  | $ | 4 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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