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Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 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 September 30, 2023																		3ME September 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						$	(25)					$	—					$	(25)					$	(32)					$	—					$	(32)
Ownership share of equity method investees’ OCI						—						—						—						19						(5)						14
Other						(1)						—						(1)						(7)						2						(5)
Total OCI						(26)						—						(26)						(20)						(3)						(23)
Less: OCI attributable to NCI						3						—						3						—						—						—
OCI attributable to Fluor						$	(29)					$	—					$	(29)					$	(20)					$	(3)					$	(23)

						9ME September 30, 2023																		9ME September 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						$	40					$	—					$	40					$	(35)					$	—					$	(35)
Ownership share of equity method investees’ OCI						(4)						—						(4)						40						(9)						31
Other						1						—						1						(12)						4						(8)
Total OCI						37						—						37						(7)						(5)						(12)
Less: OCI attributable to NCI						3						—						3						—						—						—
OCI attributable to Fluor						$	34					$	—					$	34					$	(7)					$	(5)					$	(12)

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 June 30, 2023			$	(263)					$	(29)																	$	(10)					$	(302)
OCI before reclassifications			(28)						—																		—						(28)
Amounts reclassified from AOCI			—						—																		(1)						(1)
Net OCI			(28)						—																		(1)						(29)
Balance as of September 30, 2023			$	(291)					$	(29)																	$	(11)					$	(331)
																											0
Attributable to NCI:																											0
Balance as of June 30, 2023			$	(2)					$	—																	$	—					$	(2)
OCI before reclassifications			3						—																		—						3
Amounts reclassified from AOCI			—						—																		—						—
Net OCI			3						—																		—						3
Balance as of September 30, 2023			$	1					$	—																	$	—					$	1

(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			37						(4)																		—						33
Amounts reclassified from AOCI			—						—																		1						1
Net OCI			37						(4)																		1						34
Balance as of September 30, 2023			$	(291)					$	(29)																	$	(11)					$	(331)
																											0
Attributable to NCI:																											0
Balance as of December 31, 2022			$	(2)					$	—																	$	—					$	(2)
OCI before reclassifications			3						—																		—						3
Amounts reclassified from AOCI			—						—																		—						—
Net OCI			3						—																		—						3
Balance as of September 30, 2023			$	1					$	—																	$	—					$	1

(in millions)			Foreign Currency Translation						Ownership Share of Equity Method Investees’ OCI																		Other						AOCI, Net
Attributable to Fluor:
Balance as of June 30, 2022			$	(304)					$	(38)																	$	(13)					$	(355)
OCI before reclassifications			(32)						14																		(5)						(23)
Amounts reclassified from AOCI			—						—																		—						—
Net OCI			(32)						14																		(5)						(23)
Balance as of September 30, 2022			$	(336)					$	(24)																	$	(18)					$	(378)
																											0
Attributable to NCI:																											0
Balance as of June 30, 2022			$	(2)					$	—																	$	—					$	(2)
OCI before reclassifications			—						—																		—						—
Amounts reclassified from AOCI			—						—																		—						—
Net OCI			—						—																		—						—
Balance as of September 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			(36)						24																		(7)						(19)
Amounts reclassified from AOCI			—						8																		(1)						7
Net OCI			(36)						32																		(8)						(12)
Balance as of September 30, 2022			$	(336)					$	(24)																	$	(18)					$	(378)
																											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 September 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 September 30,												9ME September 30,
(in millions)												2023						2022						2023						2022
Component of AOCI:
Ownership share of equity method investees’ OCI						Cost of revenue						$	—					$	—					$	—					$	(8)
Income tax benefit						Income tax expense (benefit)						—						—						—						—
Net of tax												$	—					$	—					$	—					$	(8)
Unrealized gain (loss) on foreign currency contracts						Cost of revenue						$	1					$	—					$	(2)					$	1
Income tax benefit						Income tax expense (benefit)						—						—						1						—
Net of tax												$	1					$	—					$	(1)					$	1

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

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-Paragraph 20
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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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