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Operating Information by Segment and Geographic Area | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Operating Information by Segment and Geographic Area | Operating Information by Segment and Geographic Area
| Year Ended December 31,
(in millions) | 2023 |  | 2022 |  | 2021
Revenue |  |  |  |  |
Energy Solutions | $ | 6,307 |  |  | $ | 5,872 |  |  | $ | 4,956 |
Urban Solutions | 5,262 |  |  | 4,373 |  |  | 4,832 |
Mission Solutions | 2,655 |  |  | 2,289 |  |  | 3,063 |
Other | 1,250 |  |  | 1,210 |  |  | 1,305 |
Total revenue | $ | 15,474 |  |  | $ | 13,744 |  |  | $ | 14,156 |
Intercompany revenue for our professional staffing business, excluded from revenue above | $ | 299 |  |  | $ | 249 |  |  | $ | 269 |
Segment profit (loss) |  |  |  |  |
Energy Solutions | $ | 381 |  |  | $ | 301 |  |  | $ | 250 |
Urban Solutions | 268 |  |  | 17 |  |  | 41 |
Mission Solutions | 116 |  |  | 136 |  |  | 155 |
Other | (228) |  |  | (27) |  |  | (31) |
Total segment profit | $ | 537 |  |  | $ | 427 |  |  | $ | 415 |
G&A | (232) |  |  | (237) |  |  | (226) |
Impairment | — |  |  | 24 |  |  | (290) |
Gain (loss) on pension settlement | — |  |  | 42 |  |  | (198) |
Foreign currency gain (loss) | (98) |  |  | 25 |  |  | (13) |
Interest income (expense), net | 168 |  |  | 35 |  |  | (73) |
Earnings (loss) from Cont Ops attributable to NCI | (60) |  |  | (72) |  |  | 39 |
Earnings (loss) from Cont Ops before taxes | $ | 315 |  |  | $ | 244 |  |  | $ | (346) |
Depreciation (all but Corporate included in segment profit) |  |  |  |  |
Energy Solutions | $ | — |  |  | $ | — |  |  | $ | — |
Urban Solutions | 10 |  |  | 9 |  |  | 9 |
Mission Solutions | 3 |  |  | 3 |  |  | 4 |
Other | 19 |  |  | 18 |  |  | 7 |
Corporate | 42 |  |  | 43 |  |  | 53 |
Total depreciation | $ | 74 |  |  | $ | 73 |  |  | $ | 73 |
Capital expenditures |  |  |  |  |
Energy Solutions | $ | — |  |  | $ | — |  |  | $ | — |
Urban Solutions | 20 |  |  | 14 |  |  | 25 |
Mission Solutions | 4 |  |  | 4 |  |  | 3 |
Other | 15 |  |  | 21 |  |  | 19 |
Corporate | 67 |  |  | 36 |  |  | 19 |
Total capital expenditures | $ | 106 |  |  | $ | 75 |  |  | $ | 66 |
| December 31, 2023 |  | December 31, 2022 |  |
Total assets |  |  |  |  |
Energy Solutions | $ | 1,053 |  |  | $ | 967 |  |  |
Urban Solutions | 1,211 |  |  | 1,170 |  |  |
Mission Solutions | 577 |  |  | 485 |  |  |
Other | 509 |  |  | 583 |  |  |
Corporate | 3,623 |  |  | 3,622 |  |  |
Total assets | $ | 6,973 |  |  | $ | 6,827 |  |  |
Goodwill |  |  |  |  |
Energy Solutions | $ | 13 |  |  | $ | 13 |  |  |
Urban Solutions | 129 |  |  | 129 |  |  |
Mission Solutions | 58 |  |  | 58 |  |  |
Other | 6 |  |  | 6 |  |  |
Total goodwill | $ | 206 |  |  | $ | 206 |  |  |
Energy Solutions. The revenue of 2 Energy Solutions customers each amounted to 10% of our consolidated revenue during 2023. The revenue of a single Energy Solutions customer amounted to 14% and 13% of our consolidated revenue during 2022 and 2021, respectively. Segment profit in 2023 benefited from the initial recognition of inflation-adjusted variable consideration on certain downstream projects and increased execution activities on those same projects as well as construction activities on a large LNG project and the effects of favorable foreign currency remeasurement, partially offset by charges totaling $91 million (or $0.53 per share) for cost growth and schedule extension on a large upstream legacy project. Segment profit in 2021 included the collection of previously reserved accounts receivable and losses on embedded foreign currency derivatives. Urban Solutions. Segment profit in 2023 includes the settlement of a claim on an international bridge project compared to the recognition of cost growth on the same project of $54 million (or $0.23 per share) in 2022 and $138 million (or $0.72 per share) in 2021. In 2023, we also recognized a discretionary incentive fee award on a completed mining project as well as a benefit from the favorable outcome of arbitration on a separate mining project. Segment profit in 2023 also includes a favorable determination on a claim on a legacy infrastructure project. Earlier in 2023, we recognized a $59 million (or $0.34 per share) charge on this project for rework associated with subcontractor design errors and related schedule impacts, and we recognized a similar charge of $35 million (or $0.20 per share) in 2022. Segment profit in 2022 included an $86 million (or $0.50 per share) charge for additional rework and schedule delays on a highway project. Segment profit in 2021 also included forecast revisions for schedule delays and productivity on a light rail project and a favorable resolution of a long-standing customer dispute on a road project. Mission Solutions. Revenue from work performed for various agencies of the U.S. government amounted to 9%, 16% and 21% of our consolidated revenue during 2023, 2022 and 2021, respectively. Segment profit in 2023 included a $30 million (or $0.17 per share) charge recognized in the first half of 2023 for cost growth associated with additional schedule delays on a 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:
|  | YEAR ENDED DECEMBER 31,
(in millions) |  | 2023 |  | 2022 |  | 2021
NuScale(1) |  | $ | (106) |  |  | $ | (73) |  |  | $ | (69) |
Stork |  | (55) |  |  | 45 |  |  | 32 |
AMECO |  | (67) |  |  | 1 |  |  | 6 |
Segment profit (loss) |  | (228) |  |  | $ | (27) |  |  | $ | (31) |
(1) As of December 31, 2023, we had an appro ximate 55% ow nership in NuScale. In December 2023, we sold the Stork business in Latin America, largely for the assumption of debt by the purchaser. We recognized a $93 million negative earnings impact on sale, including $31 million of cash transferred to the buyer and $33 million associated with foreign currency translation. 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 in 2023. Previous AMECO divestitures included assets in Africa, the Caribbean, Mexico and North America. Upon the sale of AMECO South America in 2023, we recognized a negative earnings impact of $60 million, including $35 million associated with foreign currency translation. In April 2022, we sold approximately 5% of the ownership of NuScale to Japan NuScale Innovation, LLC for $107 million. The sale did not trigger any recognition of gain or loss because we consolidate NuScale before and after the sale. NuScale received capital contributions from outside investors of $193 million and $9 million during 2022 and 2021, respectively. Operating Information by Geographic Area
| Revenue by project location Year Ended December 31, |  | Total Assets As of December 31,
(in millions) | 2023 | 2022 | 2021 |  | 2023 | 2022
North America | $ | 10,514 |  | $ | 8,819 |  | $ | 8,532 |  |  | $ | 5,034 |  | $ | 4,406 |
Asia Pacific (includes Australia) | 1,744 |  | 1,138 |  | 1,331 |  |  | 686 |  | 642 |
Europe | 2,268 |  | 2,240 |  | 2,223 |  |  | 724 |  | 959 |
Central and South America | 741 |  | 1,338 |  | 1,723 |  |  | 175 |  | 438 |
Middle East and Africa | 207 |  | 209 |  | 347 |  |  | 354 |  | 382 |
Total | $ | 15,474 |  | $ | 13,744 |  | $ | 14,156 |  |  | $ | 6,973 |  | $ | 6,827 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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