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Operating Information by Segment and Geographic Area (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Operating Information and Assets by Reportable Segment |
|  | 3ME March 31, |  |
(in millions) |  | 2025 |  | 2024 |  |  |  |
Revenue |  |  |  |  |  |  |  |
Urban Solutions |  | $ | 2,157 |  |  | $ | 1,479 |  |  |  |  |
Energy Solutions |  | 1,206 |  |  | 1,432 |  |  |  |  |
Mission Solutions |  | 597 |  |  | 601 |  |  |  |  |
Other |  | 22 |  |  | 222 |  |  |  |  |
Total revenue |  | $ | 3,982 |  |  | $ | 3,734 |  |  |  |  |
Cost of revenue |  |  |  |  |  |  |  |
Urban Solutions |  | $ | (2,081) |  |  | $ | (1,427) |  |  |  |  |
Energy Solutions |  | (1,158) |  |  | (1,363) |  |  |  |  |
Mission Solutions |  | (590) |  |  | (575) |  |  |  |  |
Other |  | (13) |  |  | (270) |  |  |  |  |
Total cost of revenue |  | $ | (3,842) |  |  | $ | (3,635) |  |  |  |  |
Segment profit (loss) |  |  |  |  |  |  |  |
Urban Solutions |  | $ | 70 |  |  | $ | 50 |  |  |  |  |
Energy Solutions |  | 47 |  |  | 68 |  |  |  |  |
Mission Solutions |  | 5 |  |  | 22 |  |  |  |  |
Other |  | 9 |  |  | (22) |  |  |  |  |
Total segment profit |  | $ | 131 |  |  | $ | 118 |  |  |  |  |
G&A |  | (36) |  |  | (59) |  |  |  |  |
Foreign currency gain (loss) |  | (13) |  |  | 12 |  |  |  |  |
Interest income (expense), net |  | 17 |  |  | 39 |  |  |  |  |
Earnings (loss) attributable to NCI |  | 9 |  |  | (19) |  |  |  |  |
Earnings before taxes |  | $ | 108 |  |  | $ | 91 |  |  |  |  |
Intercompany revenue for our professional staffing business, excluded from revenue above |  | $ | 58 |  |  | $ | 81 |  |  |  |  |
Other. Other included the operations of NuScale prior to deconsolidation in the fourth quarter of 2024 and the operations of the Stork businesses prior to their sale. Total assets by segment are as follows:
(in millions) |  | March 31, 2025 |  | December 31, 2024
Urban Solutions |  | $ | 1,661 |  |  | $ | 1,472 |
Energy Solutions |  | 735 |  |  | 729 |
Mission Solutions |  | 784 |  |  | 734 |
Other |  | 1,795 |  |  | 2,338 |
Corporate |  | 3,448 |  |  | 3,870 |
Total assets |  | $ | 8,423 |  |  | $ | 9,143 |
Schedule of Operating Information by Geographic Area | Revenue by project location follows:
|  | 3ME March 31, |  |
(in millions) |  | 2025 |  | 2024 |  |  |  |
North America |  | $ | 2,653 |  |  | $ | 2,372 |  |  |  |  |
Asia Pacific (includes Australia) |  | 316 |  |  | 443 |  |  |  |  |
Europe |  | 842 |  |  | 772 |  |  |  |  |
Central and South America |  | 139 |  |  | 67 |  |  |  |  |
Middle East and Africa |  | 32 |  |  | 80 |  |  |  |  |
Total revenue |  | $ | 3,982 |  |  | $ | 3,734 |  |  |  |  |

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