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Operating Information by Segment and Geographic Area (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Operating Information by Segment

			Year Ended December 31,
(in millions)			2025						2024						2023
Revenue
Urban Solutions			$	9,200					$	7,239					$	5,262
Energy Solutions			3,554						5,976						6,307
Mission Solutions			2,720						2,594						2,655
Other			29						506						1,250
Total revenue			$	15,503					$	16,315					$	15,474
Cost of revenue
Urban Solutions			$	(9,018)					$	(6,931)					$	(4,978)
Energy Solutions			(3,963)						(5,715)						(5,942)
Mission Solutions			(2,619)						(2,427)						(2,525)
Other			(23)						(668)						(1,552)
Total cost of revenue			$	(15,623)					$	(15,741)					$	(14,997)
Segment profit (loss)
Urban Solutions			$	205					$	304					$	268
Energy Solutions			(414)						256						381
Mission Solutions			94						153						116
Other			6						(78)						(228)
Total segment profit (loss)			$	(109)					$	635					$	537
G&A			(196)						(203)						(232)
Foreign currency gain (loss)			(62)						92						(98)
Interest income (expense), net			67						150						168
Earnings (loss) attributable to NCI			(11)						(61)						(60)
Earnings (loss) before taxes			$	(311)					$	613					$	315
Depreciation (all but Corporate included in segment profit)
Urban Solutions			$	27					$	27					$	10
Energy Solutions			29						24						—
Mission Solutions			8						5						3
Other			—						8						19
Corporate			4						9						42
Total depreciation			$	68					$	73					$	74
Capital expenditures
Urban Solutions			$	17					$	21					$	20
Energy Solutions			—						—						—
Mission Solutions			4						3						4
Other			—						6						15
Corporate			29						134						67
Total capital expenditures			$	50					$	164					$	106

(in millions)			December 31, 2025						December 31, 2024
Total assets
Urban Solutions			$	1,769					$	1,472
Energy Solutions			621						729
Mission Solutions			733						734
Other			1,581						2,338
Corporate			3,532						3,870
Total assets			$	8,236					$	9,143
Goodwill
Urban Solutions			$	130					$	129
Energy Solutions			12						13
Mission Solutions			58						58
Other			—						—
Total goodwill			$	200					$	199

Other. Other included the results of NuScale prior to its deconsolidation in October 2024, and the remaining operations of Stork which was fully divested in 2025 and AMECO which was fully divested in 2023. Results from our Other segment were immaterial for 2025.

Segment profit (loss) follows:

												Year Ended December 31,
(in millions)												2024						2023
NuScale												$	(100)					$	(106)
Stork												23						(55)
AMECO												(1)						(67)
Segment profit (loss)												$	(78)					$	(228)

Schedule of Operating Information by Geographic Area

Operating Information by Geographic Area

			Revenue by project location Year Ended December 31,												Total Assets As of December 31,
(in millions)			2025			2024			2023						2025			2024
North America			$	11,314		$	11,089		$	10,514					$	6,782		$	7,459
Asia Pacific (includes Australia)			604			1,837			1,744						535			710
Europe			2,895			2,689			2,268						494			568
Central and South America			538			484			741						135			133
Middle East and Africa			152			216			207						290			273
Total			$	15,503		$	16,315		$	15,474					$	8,236		$	9,143

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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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-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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