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Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of Tax Effects of Components of Other Comprehensive Income (Loss) | The components of OCI follow:
|  | 3ME June 30, 2023 |  | 3ME June 30, 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 |  | $ | 19 |  |  | $ | — |  |  | $ | 19 |  |  | $ | (33) |  |  | $ | — |  |  | $ | (33) |
Ownership share of equity method investees’ OCI |  | (4) |  |  | 1 |  |  | (3) |  |  | 21 |  |  | (4) |  |  | 17 |
Other |  | 1 |  |  | — |  |  | 1 |  |  | (1) |  |  | — |  |  | (1) |
Total OCI |  | 16 |  |  | 1 |  |  | 17 |  |  | (13) |  |  | (4) |  |  | (17) |
Less: OCI attributable to NCI |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
OCI attributable to Fluor |  | $ | 16 |  |  | $ | 1 |  |  | $ | 17 |  |  | $ | (14) |  |  | $ | (4) |  |  | $ | (18) |
|  | 6ME June 30, 2023 |  | 6ME June 30, 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 |  | $ | 65 |  |  | $ | — |  |  | $ | 65 |  |  | $ | (4) |  |  | $ | — |  |  | $ | (4) |
Ownership share of equity method investees’ OCI |  | (5) |  |  | 1 |  |  | (4) |  |  | 21 |  |  | (3) |  |  | 18 |
Other |  | 2 |  |  | — |  |  | 2 |  |  | (3) |  |  | 1 |  |  | (2) |
Total OCI |  | 62 |  |  | 1 |  |  | 63 |  |  | 14 |  |  | (2) |  |  | 12 |
Less: OCI attributable to NCI |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
OCI attributable to Fluor |  | $ | 62 |  |  | $ | 1 |  |  | $ | 63 |  |  | $ | 13 |  |  | $ | (2) |  |  | $ | 11 |
Schedule of Changes in Accumulated Other Comprehensive Income Balances by Component (After-Tax) | The changes in AOCI balances follow:
(in millions) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  |  |  |  |  | Other |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |  |  |
Balance as of March 31, 2023 | $ | (282) |  |  | $ | (26) |  |  |  |  |  |  | $ | (11) |  |  | $ | (319) |
OCI before reclassifications | 19 |  |  | (3) |  |  |  |  |  |  | — |  |  | 16 |
Amounts reclassified from AOCI | — |  |  | — |  |  |  |  |  |  | 1 |  |  | 1 |
Net OCI | 19 |  |  | (3) |  |  |  |  |  |  | 1 |  |  | 17 |
Balance as of June 30, 2023 | $ | (263) |  |  | $ | (29) |  |  |  |  |  |  | $ | (10) |  |  | $ | (302) |
|  |  |  |  |  |  |  |  | 0 |  |
Attributable to NCI: |  |  |  |  |  |  |  |  | 0 |  |
Balance as of March 31, 2023 | $ | (2) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (2) |
OCI before reclassifications | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Amounts reclassified from AOCI | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Net OCI | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Balance as of June 30, 2023 | $ | (2) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (2) |
(in millions) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  |  |  |  |  | Other |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2022 | $ | (328) |  |  | $ | (25) |  |  |  |  |  |  | $ | (12) |  |  | $ | (365) |
OCI before reclassifications | 65 |  |  | (4) |  |  |  |  |  |  | — |  |  | 61 |
Amounts reclassified from AOCI | — |  |  | — |  |  |  |  |  |  | 2 |  |  | 2 |
Net OCI | 65 |  |  | (4) |  |  |  |  |  |  | 2 |  |  | 63 |
Balance as of June 30, 2023 | $ | (263) |  |  | $ | (29) |  |  |  |  |  |  | $ | (10) |  |  | $ | (302) |
|  |  |  |  |  |  |  |  | 0 |  |
Attributable to NCI: |  |  |  |  |  |  |  |  | 0 |  |
Balance as of December 31, 2022 | $ | (2) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (2) |
OCI before reclassifications | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Amounts reclassified from AOCI | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Net OCI | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Balance as of June 30, 2023 | $ | (2) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (2) |
(in millions) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  |  |  |  |  | Other |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |  |  |
Balance as of March 31, 2022 | $ | (271) |  |  | $ | (55) |  |  |  |  |  |  | $ | (11) |  |  | $ | (337) |
OCI before reclassifications | (34) |  |  | 10 |  |  |  |  |  |  | (4) |  |  | (28) |
Amounts reclassified from AOCI | — |  |  | 7 |  |  |  |  |  |  | 3 |  |  | 10 |
Net OCI | (34) |  |  | 17 |  |  |  |  |  |  | (1) |  |  | (18) |
Balance as of June 30, 2022 | $ | (305) |  |  | $ | (38) |  |  |  |  |  |  | $ | (12) |  |  | $ | (355) |
|  |  |  |  |  |  |  |  | 0 |  |
Attributable to NCI: |  |  |  |  |  |  |  | 0 |  |
Balance as of March 31, 2022 | $ | (3) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (3) |
OCI before reclassifications | 1 |  |  | — |  |  |  |  |  |  | — |  |  | 1 |
Amounts reclassified from AOCI | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Net OCI | 1 |  |  | — |  |  |  |  |  |  | — |  |  | 1 |
Balance as of June 30, 2022 | $ | (2) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (2) |
(in millions) | Foreign Currency Translation |  | Ownership Share of Equity Method Investees’ OCI |  |  |  |  |  | Other |  | AOCI, Net
Attributable to Fluor: |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2021 | $ | (300) |  |  | $ | (56) |  |  |  |  |  |  | $ | (10) |  |  | $ | (366) |
OCI before reclassifications | (5) |  |  | 10 |  |  |  |  |  |  | (1) |  |  | 4 |
Amounts reclassified from AOCI | — |  |  | 8 |  |  |  |  |  |  | (1) |  |  | 7 |
Net OCI | (5) |  |  | 18 |  |  |  |  |  |  | (2) |  |  | 11 |
Balance as of June 30, 2022 | $ | (305) |  |  | $ | (38) |  |  |  |  |  |  | $ | (12) |  |  | $ | (355) |
|  |  |  |  |  |  |  |  | 0 |  |
Attributable to NCI: |  |  |  |  |  |  |  | 0 |  |
Balance as of December 31, 2021 | $ | (3) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (3) |
OCI before reclassifications | 1 |  |  | — |  |  |  |  |  |  | — |  |  | 1 |
Amounts reclassified from AOCI | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Net other comprehensive income (loss) | 1 |  |  | — |  |  |  |  |  |  | — |  |  | 1 |
Balance as of June 30, 2022 | $ | (2) |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | (2) |
Schedule of Significant Items Reclassified Out of AOCI And Corresponding Location And Impact | The reclassifications out of AOCI follow:
|  | Location in Statement of Operations |  | 3ME June 30, |  | 6ME June 30,
(in millions) |  |  | 2023 |  | 2022 |  | 2023 |  | 2022
Component of AOCI: |  |  |  |  |  |  |  |  |  |
Ownership share of equity method investees’ OCI |  | Cost of revenue |  | $ | — |  |  | $ | (7) |  |  | $ | — |  |  | $ | (8) |
Income tax benefit |  | Income tax expense (benefit) |  | — |  |  | — |  |  | — |  |  | — |
Net of tax |  |  |  | $ | — |  |  | $ | (7) |  |  | $ | — |  |  | $ | (8) |
Unrealized gain (loss) on foreign currency contracts |  | Cost of revenue |  | $ | (1) |  |  | $ | (4) |  |  | $ | (2) |  |  | $ | 1 |
Income tax benefit |  | Income tax expense (benefit) |  | — |  |  | 1 |  |  | — |  |  | — |
Net of tax |  |  |  | $ | (1) |  |  | $ | (3) |  |  | $ | (2) |  |  | $ | 1 |

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