Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

Comprehensive Income

Schedule of tax effects of the components of other comprehensive income

	Three Months Ended									Three Months Ended
	March 31, 2013									March 31, 2012
				Tax								Tax
	Before-Tax			Benefit			Net-of-Tax			Before-Tax		Benefit			Net-of-Tax
(in thousands)	Amount			(Expense)			Amount			Amount		(Expense)			Amount
Other comprehensive income (loss):
Foreign currency translation adjustment	$	(24,406	)	$	8,962		$	(15,444	)	$	41,979	$	(15,742	)	$	26,237
Ownership share of equity method investees’ other comprehensive income	81			133			214			8,898		(3,389		)	5,509
Defined benefit pension and postretirement plan adjustments	11,585			(4,344		)	7,241			1,300		(487		)	813
Unrealized gain on derivative contracts	244			(92		)	152			4,828		(1,787		)	3,041
Unrealized gain (loss) on debt securities	(225		)	84			(141		)	212		(79		)	133
Total other comprehensive income (loss)	(12,721		)	4,743			(7,978		)	57,217		(21,484		)	35,733
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(507		)	—			(507		)	45		—			45
Other comprehensive income (loss) attributable to Fluor Corporation
	$	(12,214	)	$	4,743		$	(7,471	)	$	57,172	$	(21,484	)	$	35,688

Schedule of changes in AOCI balances by component (after-tax)

(in thousands)	Foreign Currency Translation			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss)			Defined Benefit Pension and Postretirement Plans			Unrealized Gain (Loss) on Derivative Contracts			Unrealized Gain (Loss) on Available-for- Sale Securities			Accumulated Other Comprehensive Income (Loss), Net
Attributable to Fluor Corporation:
Balance as of December 31, 2012	$	45,899		$	(43,019	)	$	(252,724	)	$	(8,960	)	$	954		$	(257,850	)
Other comprehensive income (loss) before reclassifications	(14,938		)	214			5,219			85			(117		)	(9,537		)
Amounts reclassified from AOCI	—			—			2,022			68			(24		)	2,066
Net other comprehensive income (loss)	(14,938		)	214			7,241			153			(141		)	(7,471		)
Balance as of March 31, 2013	$	30,961		$	(42,805	)	$	(245,483	)	$	(8,807	)	$	813		$	(265,321	)
Attributable to Noncontrolling Interest:
Balance as of December 31, 2012	$	8,723		$	—		$	—		$	1		$	—		$	8,724
Other comprehensive loss before reclassifications	(506		)	—			—			—			—			(506		)
Amounts reclassified from AOCI	—			—			—			(1		)	—			(1		)
Net other comprehensive loss	(506		)	—			—			(1		)	—			(507		)
Balance as of March 31, 2013	$	8,217		$	—		$	—		$	—		$	—		$	8,217

Summary of significant items reclassified out of AOCI and the corresponding location and impact on the Consolidated Statement of Earnings

	Location in Condensed		Three Months Ended
(in thousands)	Consolidated Statement of Earnings		March 31, 2013
Component of AOCI:
Defined benefit pension plan adjustments		Various accounts(1)	$	(3,236	)
Income tax benefit		Income tax expense	1,214
Net of tax			$	(2,022	)
Unrealized gain (loss) on derivative contracts:
Commodity swaps and foreign currency forwards		Total cost of revenue	$	312
U.S. Treasury rate lock agreements		Interest expense	(419		)
Income tax benefit		Income tax expense	40
Net of tax			(67		)
Less: Noncontrolling interest		Net earnings attributable to
		noncontrolling interests	1
Net of tax and noncontrolling interest			$	(68	)
Unrealized gain on available-for-sale securities		Corporate general and
		administrative expense	$	38
Income tax expense		Income tax expense	(14		)
Net of tax			$	24

(1)  Defined benefit pension plan adjustments were reclassified primarily to total cost of revenue and corporate general and administrative expense.