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Pay vs Performance Disclosure
pure in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The following information shows the relationship between “compensation actually paid” ​(as calculated pursuant to SEC rules) to our executive officers and certain performance metrics. For further information concerning how we align compensation delivery with performance, refer to the “Compensation Discussion and Analysis.”
​
(a)
​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​ ​
(j)
​ ​
(k)
​
​
Year
​ ​
Summary
Compensation
Table Total for
First CEO(1)
​ ​
Summary
Compensation
Table Total for
Second CEO(1)
​ ​
Compensation
Actually Paid to
First CEO(2)
​ ​
Compensation
Actually Paid to
Second CEO(2)
​ ​
Average
Summary
Compensation
Table Total for
Non-CEO NEOs(3)
​ ​
Average
Compensation
Actually Paid
to Non-CEO
NEOs(4)
​ ​
Value of Initial
Fixed $100
Investment Based
On:
​ ​
Net
Income
(in
millions)(7)
​ ​
EBITDA
(in millions)(8)
​
​
Company
TSR(5)
​ ​
Peer
Group
TSR(6)
​
​
2023
 ​ ​
N/A
​ ​ ​ $ 18,877,290 ​ ​ ​
N/A
​ ​ ​ $ 29,720,741 ​ ​ ​ ​ $ 3,207,048 ​ ​ ​ ​ $ 4,483,947 ​ ​ ​ ​ $ 210 ​ ​ ​ ​ $ 252 ​ ​ ​ ​ $ 79 ​ ​ ​ ​ $ 624 ​ ​
​
2022
 ​ ​
N/A
​ ​ ​ $ 13,283,347 ​ ​ ​
N/A
​ ​ ​ $ 21,858,282 ​ ​ ​ ​ $ 3,370,535 ​ ​ ​ ​ $ 4,628,548 ​ ​ ​ ​ $ 186 ​ ​ ​ ​ $ 209 ​ ​ ​ ​ $ 73 ​ ​ ​ ​ $ 347 ​ ​
​
2021
 ​ ​
N/A
​ ​ ​ $ 10,859,187 ​ ​ ​
N/A
​ ​ ​ $ 16,004,797 ​ ​ ​ ​ $ 3,616,290 ​ ​ ​ ​ $ 5,014,009 ​ ​ ​ ​ $ 133 ​ ​ ​ ​ $ 181 ​ ​ ​ ​ $  (401) ​ ​ ​ ​ $ 359 ​ ​
​
2020
 ​ ​ ​ $ 11,236,632 ​ ​ ​
N/A
​ ​ ​ $ 12,552,838 ​ ​ ​
N/A
​ ​ ​ $ 2,998,369 ​ ​ ​ ​ $ 3,127,310 ​ ​ ​ ​ $ 85 ​ ​ ​ ​ $ 121 ​ ​ ​ ​ $ (367) ​ ​ ​ ​ $ 321 ​ ​
​
(1)
The amounts in columns (b) and (c) are the total compensation reported for Carlos Hernandez (our CEO for all of 2020, referred to herein as our “First CEO”) for 2020 and Mr. Constable (our CEO in 2023, 2022 and 2021, referred to herein as our “Second CEO”) for 2023, 2022 and 2021 in the “Total” column of the Summary Compensation Table.
​
(2)
The amounts in columns (d) and (e) represent the “compensation actually paid” to our CEO in each year, computed pursuant to SEC rules. The amounts do not reflect the actual amount of compensation earned or received by our CEO during the applicable year. The following adjustments were made to total compensation for each year to determine the compensation actually paid:
​
​ ​ ​ ​
Reported Summary
Compensation Table
Total for CEO
​ ​
Reported Value of
Equity Awards(a)
​ ​
Equity Award
Adjustments(b)
​ ​
Reported Change
in the Actuarial
Present Value of
Pension Benefits(c)
​ ​
Pension Benefit
Adjustments(d)
​ ​
Compensation
Actually Paid to CEO
​
​
2023
 ​ ​ ​ $ 18,877,290 ​ ​ ​ ​ $  (13,876,206) ​ ​ ​ ​ $ 24,719,657 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 29,720,741 ​ ​
​
2022
 ​ ​ ​ $ 13,283,347 ​ ​ ​ ​ $ (9,750,370) ​ ​ ​ ​ $ 18,325,305 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 21,858,282 ​ ​
​
2021
 ​ ​ ​ $ 10,859,187 ​ ​ ​ ​ $ (6,452,891) ​ ​ ​ ​ $ 11,598,501 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 16,004,797 ​ ​
​
2020
 ​ ​ ​ $ 11,236,632 ​ ​ ​ ​ $ (4,638,852) ​ ​ ​ ​ $ 5,955,058 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 12,552,838 ​ ​
​
(a)
The amounts in this column represent the grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
​
(b)
Equity award adjustments for each applicable are as follows:
​
​ ​ ​ ​
Year End Fair
Value of Equity
Awards Granted
During the Year
​ ​
Year over Year
Change in
Fair Value
of Outstanding
and Unvested
Equity Awards
​ ​
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested
in the Year
​ ​
Change from End of
Prior Year in Fair
Value of Equity
Awards Granted in
Prior Years that
Vested in the Year
​ ​
Fair Value at the
End of the Prior
Year of Equity
Awards Forfeited
in the Year
​ ​
Value of Dividends or
other Earnings Paid
on Stock or Option
Awards not
Otherwise Reflected
in Fair Value or Total
Compensation
​ ​
Total Equity
Award
Adjustments
​
​
2023
 ​ ​ ​ $ 21,428,426 ​ ​ ​ ​ $ 2,686,054 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 605,177 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 24,719,657 ​ ​
​
2022
 ​ ​ ​ $ 12,366,554 ​ ​ ​ ​ $ 5,296,626 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 662,125 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 18,325,305 ​ ​
​
2021
 ​ ​ ​ $ 8,582,890 ​ ​ ​ ​ $ 2,427,575 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 588,036 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 11,598,501 ​ ​
​
2020
 ​ ​ ​ $ 6,473,374 ​ ​ ​ ​ $ (9,191) ​ ​ ​ ​ $ — ​ ​ ​ ​ $  (541,512) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 32,387 ​ ​ ​ ​ $ 5,955,058 ​ ​
​
(c)
The amounts in this column are the amounts reported in “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table for the applicable year.
​
(d)
There were no pension benefit adjustments in the applicable years.
​
(3)
The amounts in column (f) represent the average of the amounts reported for our NEOs (other than our CEOs) as a group (the “Non-CEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. The Non-CEO NEOs included for calculating the average amounts in each year are: (i) for 2023, Joseph L. Brennan, Stacy L. Dillow, Mark E. Fields and John R. Reynolds;
​
(ii) for 2022, Alan L. Boeckmann, Joseph L. Brennan, Thomas P. D’Agostino, Mark E. Fields and John R. Reynolds; (iii) for 2021, Alan L. Boeckmann, Joseph L. Brennan, Thomas P. D’Agostino, Mark E. Fields and Garry W. Flowers; and (iv) for 2020, Alan L. Boeckmann, Joseph L. Brennan, David E. Constable, Garry W. Flowers, Rick Koumouris and D. Michael Steuert.
(4)
The amounts in column (g) represent the average amount of  “compensation actually paid” to the Non-CEO NEOs as a group, as computed in accordance with SEC rules. The following adjustments were made to average total compensation for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
​
​ ​ ​ ​
Average Reported
Summary
Compensation
Table Total for
Non-CEO NEOs
​ ​
Average Reported
Value of Equity
Awards
​ ​
Average Equity
Award
Adjustments(a)
​ ​
Average Reported
Change in the
Actuarial Present
Value of Pension
Benefits
​ ​
Average Pension
Benefit
Adjustments(b)
​ ​
Average
Compensation
Actually Paid to
Non-CEO NEOs
​
​
2023
 ​ ​ ​ $ 3,207,048 ​ ​ ​ ​ $  (1,580,247) ​ ​ ​ ​ $ 2,857,146 ​ ​ ​ ​ $  — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,483,947 ​ ​
​
2022
 ​ ​ ​ $ 3,370,535 ​ ​ ​ ​ $ (1,923,403) ​ ​ ​ ​ $ 3,181,415 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,628,548 ​ ​
​
2021
 ​ ​ ​ $ 3,616,290 ​ ​ ​ ​ $ (1,883,783) ​ ​ ​ ​ $ 3,281,502 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,014,009 ​ ​
​
2020
 ​ ​ ​ $ 2,998,369 ​ ​ ​ ​ $ (1,735,481) ​ ​ ​ ​ $ 1,964,454 ​ ​ ​ ​ $  (114,500) ​ ​ ​ ​ $ 14,467 ​ ​ ​ ​ $ 3,127,310 ​ ​
​
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
​
​ ​ ​ ​
Average Year
End Fair Value
of Equity
Awards
Granted
During the Year
​ ​
Year over Year
Average Change in
Fair Value of
Outstanding and
Unvested Equity
Awards
​ ​
Average Fair Value
as of Vesting Date
of Equity Awards
Granted and
Vested in
the Year
​ ​
Average Change
from End of Prior
Year in Fair Value of
Equity Awards
Granted in Prior
Years that Vested
in the Year
​ ​
Average Fair Value
at the End of the
Prior Year of
Equity Awards
Forfeited in
the Year
​ ​
Average Value of
Dividends or other
Earnings Paid on
Stock or Option
Awards not
Otherwise Reflected
in Fair Value or Total
Compensation
​ ​
Total Average
Equity Award
Adjustments
​
​
2023
 ​ ​ ​ $ 2,450,043 ​ ​ ​ ​ $ 258,057 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 149,046 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2,857,146 ​ ​
​
2022
 ​ ​ ​ $ 1,603,743 ​ ​ ​ ​ $ 1,484,252 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 86,442 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 6,978 ​ ​ ​ ​ $ 3,181,415 ​ ​
​
2021
 ​ ​ ​ $ 2,313,069 ​ ​ ​ ​ $ 989,321 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 140,923 ​ ​ ​ ​ $  (169,087) ​ ​ ​ ​ $ 7,276 ​ ​ ​ ​ $ 3,281,502 ​ ​
​
2020
 ​ ​ ​ $ 2,057,954 ​ ​ ​ ​ $ (36,950) ​ ​ ​ ​ $ 41,050 ​ ​ ​ ​ $  (106,541) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 8,941 ​ ​ ​ ​ $ 1,964,454 ​ ​
​
(b)
The average pension benefit adjustment for 2020 reflects the average actuarially determined service cost for services rendered by the non-CEO NEOs during the year (the “service cost”). There were no prior service costs attributable to any of the non-CEO NEOs for any year reported.
​
(5)
Cumulative TSR is calculated based on the value of an initial fixed investment of  $100 on December 31, 2019, assuming reinvestment of dividends.
​
(6)
The peer group used for calculating peer group TSR is the Dow Jones Heavy Construction Industry Group Index.
​
(7)
The amounts in column (h) represent net earnings (loss) reflected in our audited financial statements for the applicable year.
​
(8)
EBITDA is defined as earnings before interest, taxes, depreciation and amortization. EBITDA in our incentive plans excludes certain items discussed above in the “Compensation Discussion and Analysis” under “—Performance Measures for 2023.”
​
While we use numerous financial and non-financial performance measures for the purpose of evaluating performance for our compensation programs, we have determined that EBITDA is the financial performance measure that, in our assessment, represents the most important performance measure that we used to link NEO compensation actually paid to our performance for the most recently completed fiscal year.
     
Company Selected Measure Name EBITDA      
Named Executive Officers, Footnote
(3)
The amounts in column (f) represent the average of the amounts reported for our NEOs (other than our CEOs) as a group (the “Non-CEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. The Non-CEO NEOs included for calculating the average amounts in each year are: (i) for 2023, Joseph L. Brennan, Stacy L. Dillow, Mark E. Fields and John R. Reynolds;
​
(ii) for 2022, Alan L. Boeckmann, Joseph L. Brennan, Thomas P. D’Agostino, Mark E. Fields and John R. Reynolds; (iii) for 2021, Alan L. Boeckmann, Joseph L. Brennan, Thomas P. D’Agostino, Mark E. Fields and Garry W. Flowers; and (iv) for 2020, Alan L. Boeckmann, Joseph L. Brennan, David E. Constable, Garry W. Flowers, Rick Koumouris and D. Michael Steuert.
     
Peer Group Issuers, Footnote
(6)
The peer group used for calculating peer group TSR is the Dow Jones Heavy Construction Industry Group Index.
     
Adjustment To PEO Compensation, Footnote
(2)
The amounts in columns (d) and (e) represent the “compensation actually paid” to our CEO in each year, computed pursuant to SEC rules. The amounts do not reflect the actual amount of compensation earned or received by our CEO during the applicable year. The following adjustments were made to total compensation for each year to determine the compensation actually paid:
​
​ ​ ​ ​
Reported Summary
Compensation Table
Total for CEO
​ ​
Reported Value of
Equity Awards(a)
​ ​
Equity Award
Adjustments(b)
​ ​
Reported Change
in the Actuarial
Present Value of
Pension Benefits(c)
​ ​
Pension Benefit
Adjustments(d)
​ ​
Compensation
Actually Paid to CEO
​
​
2023
 ​ ​ ​ $ 18,877,290 ​ ​ ​ ​ $  (13,876,206) ​ ​ ​ ​ $ 24,719,657 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 29,720,741 ​ ​
​
2022
 ​ ​ ​ $ 13,283,347 ​ ​ ​ ​ $ (9,750,370) ​ ​ ​ ​ $ 18,325,305 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 21,858,282 ​ ​
​
2021
 ​ ​ ​ $ 10,859,187 ​ ​ ​ ​ $ (6,452,891) ​ ​ ​ ​ $ 11,598,501 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 16,004,797 ​ ​
​
2020
 ​ ​ ​ $ 11,236,632 ​ ​ ​ ​ $ (4,638,852) ​ ​ ​ ​ $ 5,955,058 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 12,552,838 ​ ​
​
(a)
The amounts in this column represent the grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
​
(b)
Equity award adjustments for each applicable are as follows:
​
​ ​ ​ ​
Year End Fair
Value of Equity
Awards Granted
During the Year
​ ​
Year over Year
Change in
Fair Value
of Outstanding
and Unvested
Equity Awards
​ ​
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested
in the Year
​ ​
Change from End of
Prior Year in Fair
Value of Equity
Awards Granted in
Prior Years that
Vested in the Year
​ ​
Fair Value at the
End of the Prior
Year of Equity
Awards Forfeited
in the Year
​ ​
Value of Dividends or
other Earnings Paid
on Stock or Option
Awards not
Otherwise Reflected
in Fair Value or Total
Compensation
​ ​
Total Equity
Award
Adjustments
​
​
2023
 ​ ​ ​ $ 21,428,426 ​ ​ ​ ​ $ 2,686,054 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 605,177 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 24,719,657 ​ ​
​
2022
 ​ ​ ​ $ 12,366,554 ​ ​ ​ ​ $ 5,296,626 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 662,125 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 18,325,305 ​ ​
​
2021
 ​ ​ ​ $ 8,582,890 ​ ​ ​ ​ $ 2,427,575 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 588,036 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 11,598,501 ​ ​
​
2020
 ​ ​ ​ $ 6,473,374 ​ ​ ​ ​ $ (9,191) ​ ​ ​ ​ $ — ​ ​ ​ ​ $  (541,512) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 32,387 ​ ​ ​ ​ $ 5,955,058 ​ ​
​
(c)
The amounts in this column are the amounts reported in “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table for the applicable year.
​
(d)
There were no pension benefit adjustments in the applicable years.
     
Non-PEO NEO Average Total Compensation Amount $ 3,207,048 $ 3,370,535 $ 3,616,290 $ 2,998,369
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,483,947 4,628,548 5,014,009 3,127,310
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The amounts in column (g) represent the average amount of  “compensation actually paid” to the Non-CEO NEOs as a group, as computed in accordance with SEC rules. The following adjustments were made to average total compensation for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
​
​ ​ ​ ​
Average Reported
Summary
Compensation
Table Total for
Non-CEO NEOs
​ ​
Average Reported
Value of Equity
Awards
​ ​
Average Equity
Award
Adjustments(a)
​ ​
Average Reported
Change in the
Actuarial Present
Value of Pension
Benefits
​ ​
Average Pension
Benefit
Adjustments(b)
​ ​
Average
Compensation
Actually Paid to
Non-CEO NEOs
​
​
2023
 ​ ​ ​ $ 3,207,048 ​ ​ ​ ​ $  (1,580,247) ​ ​ ​ ​ $ 2,857,146 ​ ​ ​ ​ $  — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,483,947 ​ ​
​
2022
 ​ ​ ​ $ 3,370,535 ​ ​ ​ ​ $ (1,923,403) ​ ​ ​ ​ $ 3,181,415 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,628,548 ​ ​
​
2021
 ​ ​ ​ $ 3,616,290 ​ ​ ​ ​ $ (1,883,783) ​ ​ ​ ​ $ 3,281,502 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,014,009 ​ ​
​
2020
 ​ ​ ​ $ 2,998,369 ​ ​ ​ ​ $ (1,735,481) ​ ​ ​ ​ $ 1,964,454 ​ ​ ​ ​ $  (114,500) ​ ​ ​ ​ $ 14,467 ​ ​ ​ ​ $ 3,127,310 ​ ​
​
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
​
​ ​ ​ ​
Average Year
End Fair Value
of Equity
Awards
Granted
During the Year
​ ​
Year over Year
Average Change in
Fair Value of
Outstanding and
Unvested Equity
Awards
​ ​
Average Fair Value
as of Vesting Date
of Equity Awards
Granted and
Vested in
the Year
​ ​
Average Change
from End of Prior
Year in Fair Value of
Equity Awards
Granted in Prior
Years that Vested
in the Year
​ ​
Average Fair Value
at the End of the
Prior Year of
Equity Awards
Forfeited in
the Year
​ ​
Average Value of
Dividends or other
Earnings Paid on
Stock or Option
Awards not
Otherwise Reflected
in Fair Value or Total
Compensation
​ ​
Total Average
Equity Award
Adjustments
​
​
2023
 ​ ​ ​ $ 2,450,043 ​ ​ ​ ​ $ 258,057 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 149,046 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2,857,146 ​ ​
​
2022
 ​ ​ ​ $ 1,603,743 ​ ​ ​ ​ $ 1,484,252 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 86,442 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 6,978 ​ ​ ​ ​ $ 3,181,415 ​ ​
​
2021
 ​ ​ ​ $ 2,313,069 ​ ​ ​ ​ $ 989,321 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 140,923 ​ ​ ​ ​ $  (169,087) ​ ​ ​ ​ $ 7,276 ​ ​ ​ ​ $ 3,281,502 ​ ​
​
2020
 ​ ​ ​ $ 2,057,954 ​ ​ ​ ​ $ (36,950) ​ ​ ​ ​ $ 41,050 ​ ​ ​ ​ $  (106,541) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 8,941 ​ ​ ​ ​ $ 1,964,454 ​ ​
​
(b)
The average pension benefit adjustment for 2020 reflects the average actuarially determined service cost for services rendered by the non-CEO NEOs during the year (the “service cost”). There were no prior service costs attributable to any of the non-CEO NEOs for any year reported.
     
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR
[MISSING IMAGE: bc_cumulative-pn.jpg]
     
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and EBITDA
[MISSING IMAGE: bc_apvsebitda-pn.jpg]
     
Total Shareholder Return Vs Peer Group
Cumulative TSR of the Company and Cumulative TSR of the Peer Group
As demonstrated by the following graph, our cumulative TSR over the three-year period presented in the table was 110%, while the cumulative TSR of the peer group presented for this purpose, the Dow Jones Heavy Construction Industry Group Index, was 152% over the three years presented in the table. In addition, the graph below shows the cumulative TSR for the S&P 500 Index, the index we use to calculate the Relative TSR measure in our incentive plans, which was 57% over the same period. For more information regarding the Company’s performance and the companies that the Compensation Committee considers when determining compensation, refer to the “Compensation Discussion and Analysis.”
[MISSING IMAGE: lc_peergroup-pn.jpg]
     
Tabular List, Table
Financial Performance Measures
As described in greater detail in the “Compensation Discussion and Analysis,” our executive compensation program is designed to link pay with performance by establishing rigorous goals for our performance-based incentives. As required by SEC rules, the table below presents a list of performance measures, which in our assessment represent the most important performance measures we used in 2023 to link executive compensation actually paid to our NEOs to our performance. These performance measures are defined in the “Compensation Discussion and Analysis” under “— Performance Measures for 2023,” under “2023 Performance Awards,” and under “Achievement for 2021-2023 Performance Awards”:
​
Most Important Financial Performance Measures
​
​
EBITDA
​
​
Cash Flow from Segments
​
​
EBT
​
​
EPS
​
​
ROIC
​
​
Relative TSR
 ​
     
Total Shareholder Return Amount $ 210 186 133 85
Peer Group Total Shareholder Return Amount 252 209 181 121
Net Income (Loss) $ 79,000,000 $ 73,000,000 $ (401,000,000) $ (367,000,000)
Company Selected Measure Amount 624 347 359 321
PEO Name Mr. Constable      
Measure:: 1        
Pay vs Performance Disclosure        
Name EBITDA      
Non-GAAP Measure Description
(8)
EBITDA is defined as earnings before interest, taxes, depreciation and amortization. EBITDA in our incentive plans excludes certain items discussed above in the “Compensation Discussion and Analysis” under “—Performance Measures for 2023.”
​
While we use numerous financial and non-financial performance measures for the purpose of evaluating performance for our compensation programs, we have determined that EBITDA is the financial performance measure that, in our assessment, represents the most important performance measure that we used to link NEO compensation actually paid to our performance for the most recently completed fiscal year.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Cash Flow from Segments      
Measure:: 3        
Pay vs Performance Disclosure        
Name EPS      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative TSR      
Measure:: 5        
Pay vs Performance Disclosure        
Name ROIC      
Mr. Constable [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 18,877,290 $ 13,283,347 $ 10,859,187  
PEO Actually Paid Compensation Amount 29,720,741 21,858,282 16,004,797  
Mr. Constable [Member] | Deduct: Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (13,876,206) (9,750,370) (6,452,891)  
Mr. Constable [Member] | Add: Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 24,719,657 18,325,305 11,598,501  
Mr. Constable [Member] | Deduct: Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount  
Mr. Constable [Member] | Add: Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount  
Mr. Constable [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 21,428,426 12,366,554 8,582,890  
Mr. Constable [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,686,054 5,296,626 2,427,575  
Mr. Constable [Member] | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount  
Mr. Constable [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 605,177 662,125 588,036  
Mr. Constable [Member] | Fair Value at the End of the Prior Year of Equity Awards Forfeited in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount  
Mr. Constable [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount  
Carlos Hernandez [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount       $ 11,236,632
PEO Actually Paid Compensation Amount       12,552,838
Carlos Hernandez [Member] | Deduct: Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (4,638,852)
Carlos Hernandez [Member] | Add: Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       5,955,058
Carlos Hernandez [Member] | Deduct: Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Carlos Hernandez [Member] | Add: Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Carlos Hernandez [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       6,473,374
Carlos Hernandez [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (9,191)
Carlos Hernandez [Member] | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Carlos Hernandez [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (541,512)
Carlos Hernandez [Member] | Fair Value at the End of the Prior Year of Equity Awards Forfeited in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Carlos Hernandez [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       32,387
Non-PEO NEO | Add: Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,857,146 3,181,415 3,281,502 1,964,454
Non-PEO NEO | Deduct: Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (114,500)
Non-PEO NEO | Add: Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 14,467
Non-PEO NEO | Total Net Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,580,247) (1,923,403) (1,883,783) (1,735,481)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,450,043 1,603,743 2,313,069 2,057,954
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 258,057 1,484,252 989,321 (36,950)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 41,050
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 149,046 86,442 140,923 (106,541)
Non-PEO NEO | Fair Value at the End of the Prior Year of Equity Awards Forfeited in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (169,087)
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 6,978 $ 7,276 $ 8,941