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Operating Information by Segment and Geographic Area (Tables)

3 Months Ended

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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- Definition

Tabular disclosure of information concerning assets located in identified geographic areas and the amount of revenue from external customers attributed to that country from which revenue is material.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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