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Operating Information by Segment and Geographic Area
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
We have decided to retain Stork's North American operations, which largely consists of our operations and maintenance business owned by Fluor prior to our acquisition of Stork. Beginning in 2023, this business line, which was previously a part of the "Other" segment, was renamed Plant & Facility Services, and is included in our Urban Solutions segment for all periods presented.
3ME
September 30,		9ME
September 30,
(in millions)2023202220232022
Revenue
Energy Solutions$1,553 $1,592 $4,886 $4,097 
Urban Solutions1,431 1,084 3,842 3,279 
Mission Solutions655 639 2,009 1,779 
Other324 297 917 879 
Total revenue$3,963 $3,612 $11,654 $10,034 
Segment profit (loss)
Energy Solutions$177 $59 $355 $177 
Urban Solutions66 (50)121 (21)
Mission Solutions38 29 84 115 
Other(5)(7)(108)(18)
Total segment profit$276 $31 $452 $253 
G&A(56)(30)(177)(146)
Impairment— — — 63 
Foreign currency gain (loss)23 34 (62)51 
Interest income (expense), net42 14 120 4 
Earnings (loss) attributable to NCI(25)(46)(42)(31)
Earnings before taxes$260 $3 $291 $194 
Intercompany revenue for our professional staffing business, excluded from revenue above$77 $64 $221 $185 
Energy Solutions. Segment profit for the 2023 Quarter and 2023 Period significantly improved. Both periods benefitted from the initial recognition of cost recovery entitlements on several fixed price projects. Segment profit for the 2023 Quarter also included a gain of $24 million on embedded foreign currency derivatives compared to a loss of $5 million in the 2022 Quarter. Segment profit for the 2023 Period included the ramp up of execution activities on our refinery projects in Mexico as well as the effects of favorable foreign currency remeasurement. Despite the overall increase in segment profit, the 2023 Period included charges of $58 million (or $0.34 per share) for cost growth on a large upstream legacy project.
Urban Solutions. Segment profit for the 2023 Quarter and 2023 Period significantly improved. Segment profit in the 2023 Quarter includes an incentive fee award on a large mining project that is nearing completion as well as a favorable arbitration outcome on a separate mining project whereas segment profit in the 2022 Quarter included charges related to cost growth and schedule delays on three legacy infrastructure projects. Segment profit in the 2023 Period included a $59 million (or $0.34 per share) charge for rework associated with subcontractor design errors, related schedule impacts and system integration testing timelines on the LAX Automated People Mover project. Segment profit for the 2022 Period included an $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 the LAX Automated People Mover project.
Mission Solutions. Segment profit improved in the 2023 Quarter driven by execution for FEMA hurricane support. Additionally, the 2022 Quarter included an incremental charge for cost growth on a weapons facility project. Segment profit in the 2023 Period included a $30 million (or $0.17 per share) charge for cost growth resulting from additional schedule delays on the weapons facility project. We are conducting our due diligence to recover cost growth that has resulted from directed and constructive changes from the client on the project.
Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
3ME
 September 30,
9ME
 September 30,
(in millions)2023202220232022
NuScale(1)
$(19)$(15)$(71)$(44)
Stork14 4 25 16 
AMECO— 4 (62)10 
Segment profit (loss)$(5)$(7)$(108)$(18)
(1) As of September 30, 2023, we had an approximate 55% ownership in NuScale.
In March 2023, we sold our AMECO South America business, which included operations in Chile and Peru. This transaction marked the completion of the AMECO divestiture for total proceeds of $144 million, including $17 million during the 2023 Period. Previous AMECO divestitures included assets in Africa, the Caribbean, Mexico and North America. Upon the sale of AMECO South America in the 2023 Period, we recognized a $60 million negative earnings impact, including $35 million associated with foreign currency translation.
Total assets by segment are as follows:
(in millions)September 30,
2023		December 31,
2022
Energy Solutions$1,259 $967 
Urban Solutions1,191 1,170 
Mission Solutions537 485 
Other593 583 
Corporate3,583 3,622 
Total assets$7,163 $6,827 
Revenue by project location follows:
3ME
September 30,		9ME
September 30,
(in millions)2023202220232022
North America$2,609 $2,317 $8,022 $6,326 
Asia Pacific (includes Australia)442 351 1,203 803 
Europe640 559 1,682 1,704 
Central and South America201 327 599 1,034 
Middle East and Africa71 58 148 167 
Total revenue$3,963 $3,612 $11,654 $10,034