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Operating Information by Segment and Geographic Area (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Operating Information and Assets by Reportable Segment |
|  | 3ME September 30, |  | 9ME September 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue |  |  |  |  |  |  |  |
Urban Solutions |  | $ | 2,343 |  |  | $ | 1,931 |  |  | $ | 6,570 |  |  | $ | 5,240 |
Energy Solutions |  | 262 |  |  | 1,428 |  |  | 2,611 |  |  | 4,456 |
Mission Solutions |  | 761 |  |  | 635 |  |  | 2,120 |  |  | 1,940 |
Other |  | 2 |  |  | 100 |  |  | 26 |  |  | 419 |
Total revenue |  | $ | 3,368 |  |  | $ | 4,094 |  |  | $ | 11,327 |  |  | $ | 12,055 |
Cost of revenue |  |  |  |  |  |  |  |
Urban Solutions |  | $ | (2,297) |  |  | $ | (1,863) |  |  | $ | (6,447) |  |  | $ | (5,011) |
Energy Solutions |  | (793) |  |  | (1,376) |  |  | (3,077) |  |  | (4,260) |
Mission Solutions |  | (724) |  |  | (584) |  |  | (2,038) |  |  | (1,819) |
Other |  | (3) |  |  | (182) |  |  | (19) |  |  | (598) |
Total cost of revenue |  | $ | (3,817) |  |  | $ | (4,005) |  |  | $ | (11,581) |  |  | $ | (11,689) |
Segment profit (loss) |  |  |  |  |  |  |  |
Urban Solutions |  | $ | 61 |  |  | $ | 68 |  |  | $ | 160 |  |  | $ | 223 |
Energy Solutions |  | (533) |  |  | 50 |  |  | (470) |  |  | 193 |
Mission Solutions |  | 34 |  |  | 45 |  |  | 73 |  |  | 108 |
Other |  | (1) |  |  | (46) |  |  | 7 |  |  | (95) |
Total segment profit (loss) |  | $ | (439) |  |  | $ | 117 |  |  | $ | (230) |  |  | $ | 429 |
G&A |  | (43) |  |  | (37) |  |  | (131) |  |  | (147) |
Foreign currency gain (loss) |  | (4) |  |  | (2) |  |  | (47) |  |  | 58 |
Interest income (expense), net |  | 13 |  |  | 37 |  |  | 48 |  |  | 114 |
Earnings (loss) attributable to NCI |  | (10) |  |  | (29) |  |  | (23) |  |  | (63) |
Earnings (loss) before taxes |  | $ | (483) |  |  | $ | 86 |  |  | $ | (383) |  |  | $ | 391 |
Intercompany revenue for our professional staffing business, excluded from revenue above |  | $ | 58 |  |  | $ | 70 |  |  | $ | 178 |  |  | $ | 226 |
Total assets by segment are as follows:
(in millions) |  | September 30, 2025 |  | December 31, 2024
Urban Solutions |  | $ | 1,931 |  |  | $ | 1,472 |
Energy Solutions |  | 769 |  |  | 729 |
Mission Solutions |  | 809 |  |  | 734 |
Other |  | 4 |  |  | 72 |
Corporate |  | 3,769 |  |  | 3,870 |
Investment in NuScale |  | 4,186 |  |  | 2,266 |
Total assets |  | $ | 11,468 |  |  | $ | 9,143 |
Schedule of Operating Information by Geographic Area | Revenue by project location follows:
|  | 3ME September 30, |  | 9ME September 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
North America |  | $ | 2,921 |  |  | $ | 2,877 |  |  | $ | 8,331 |  |  | $ | 8,177 |
Asia Pacific (includes Australia) |  | (365) |  |  | 475 |  |  | 257 |  |  | 1,476 |
Europe |  | 648 |  |  | 590 |  |  | 2,212 |  |  | 1,923 |
Central and South America |  | 127 |  |  | 113 |  |  | 412 |  |  | 315 |
Middle East and Africa |  | 37 |  |  | 39 |  |  | 115 |  |  | 164 |
Total revenue |  | $ | 3,368 |  |  | $ | 4,094 |  |  | $ | 11,327 |  |  | $ | 12,055 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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