XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Earnings Per Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Calculations of Basic and Diluted EPS |
| Year Ended December 31,
(in millions, except per share amounts) | 2023 | 2022 | 2021
Net earnings (loss) from Cont Ops attributable to Fluor | $ | 139 |  | $ | 145 |  | $ | (405) |
Less: Dividends on CPS | 29 |  | 39 |  | 24 |
Less: Make-whole payment on conversion of CPS | 27 |  | — |  | — |
Net earnings (loss) from Cont Ops available to Fluor common stockholders | 83 |  | 106 |  | (429) |
Net earnings (loss) from Disc Ops attributable to Fluor | — |  | — |  | (35) |
Net earnings (loss) available to Fluor common stockholders | $ | 83 |  | $ | 106 |  | $ | (464) |
Weighted average common shares outstanding | 150 |  | 142 |  | 141 |
Dilutive effect: |  |  |
CPS | — |  | — |  | — |
Stock options, RSUs and performance-based award units | 3 |  | 3 |  | — |
Convertible debt (1) | — |  | — |  | — |
Weighted average diluted shares outstanding | 153 |  | 145 |  | 141 |
Basic EPS available to Fluor common stockholders: |  |  |
Net earnings (loss) from Cont Ops | $ | 0.55 |  | $ | 0.75 |  | $ | (3.04) |
Net earnings (loss) from Disc Ops | — |  | — |  | (0.25) |
Diluted EPS available to Fluor common stockholders: |  |  |
Net earnings (loss) from Cont Ops | $ | 0.54 |  | $ | 0.73 |  | $ | (3.04) |
Net earnings (loss) from Disc Ops | — |  | — |  | (0.25) |
Anti-dilutive securities not included in shares outstanding: |  |  |
CPS | 20 |  | 27 |  | 17 |
Stock options, RSUs and performance-based award units | 2 |  | 3 |  | 7 |
Stock delivered under capped call options (2) | — |  | — |  | — |
(1) Holders of our 2029 Notes may convert their notes at a conversion price of $45.37 per share when the stock price exceeds $58.98 for 20 of the last 30 days preceding quarter end. Upon conversion, we will repay the principal amount of the notes in cash and may elect to convey the conversion premium in cash, shares of our common stock or a combination of both. The conversion feature of our 2029 Notes will have a dilutive impact on EPS when the weighted average market price of our common stock exceeds the conversion price of $45.37 per share for the quarter. During 2023, the weighted average price per share of our common stock was less than the minimum conversion price. (2) Diluted shares outstanding does not include the impact of the capped call options we entered into concurrently with the issuance of the 2029 Notes, as the effect is always anti-dilutive. If shares are delivered to us under the capped calls, those shares will offset the dilutive effect of the shares that we would issue upon conversion of the 2029 Notes.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration