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Other Comprehensive Income (Loss) - (Tables)
 6 Months Ended
Jun. 30, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of tax effects of components of other comprehensive income (loss)
The components of OCI follow:
 
 
Three Months Ended
June 30, 2020
 
Three Months Ended
June 30, 2019
(in thousands)
 
Before-Tax
Amount
 
Tax
Benefit
(Expense)
 
Net-of-Tax
Amount
 
Before-Tax
Amount
 
Tax
Benefit
(Expense)
 
Net-of-Tax
Amount
OCI:
 
 

 
 

 
 

 
 

 
 

 
 

Foreign currency translation adjustments
 
$
31,072

 
$
—

 
$
31,072

 
$
(16,660
)
 
$
2,124

 
$
(14,536
)
Ownership share of equity method investees’ OCI
 
(14,901
)
 
4,247

 
(10,654
)
 
(3,400
)
 
935

 
(2,465
)
Defined benefit pension and postretirement plan adjustments
 
998

 
(43
)
 
955

 
2,182

 
(143
)
 
2,039

Unrealized gain (loss) on derivative contracts
 
1,297

 
468

 
1,765

 
3,396

 
(1,158
)
 
2,238

Total OCI
 
18,466

 
4,672

 
23,138

 
(14,482
)
 
1,758

 
(12,724
)
Less: OCI attributable to NCI
 
2,421

 
—

 
2,421

 
(279
)
 
—

 
(279
)
OCI attributable to Fluor Corporation
 
$
16,045

 
$
4,672

 
$
20,717

 
$
(14,203
)
 
$
1,758

 
$
(12,445
)


 
 
Six Months Ended
June 30, 2020
 
Six Months Ended
June 30, 2019
(in thousands)
 
Before-Tax
Amount
 
Tax
Benefit
(Expense)
 
Net-of-Tax
Amount
 
Before-Tax
Amount
 
Tax
Benefit
(Expense)
 
Net-of-Tax
Amount
OCI:
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
$
(80,029
)
 
$
—

 
$
(80,029
)
 
$
27,621

 
$
39

 
$
27,660

Ownership share of equity method investees’ OCI
 
(17,420
)
 
(1,406
)
 
(18,826
)
 
(6,895
)
 
2,108

 
(4,787
)
Defined benefit pension and postretirement plan adjustments
 
2,001

 
—

 
2,001

 
4,392

 
(289
)
 
4,103

Unrealized gain (loss) on derivative contracts
 
(4,577
)
 
872

 
(3,705
)
 
8,030

 
(2,335
)
 
5,695

Total OCI
 
(100,025
)
 
(534
)
 
(100,559
)
 
33,148

 
(477
)
 
32,671

Less: OCI attributable to NCI
 
(1,796
)
 
—

 
(1,796
)
 
206

 
—

 
206

OCI attributable to Fluor Corporation
 
$
(98,229
)
 
$
(534
)
 
$
(98,763
)
 
$
32,942

 
$
(477
)
 
$
32,465
Schedule of changes in accumulated other comprehensive income balances by component (after-tax)
The changes in AOCI balances follow:
(in thousands)
Foreign
Currency
Translation
 
Ownership
Share of
Equity Method
Investees’ OCI
 
Defined
Benefit
Plans
 
Unrealized
Gain (Loss)
on Derivative
Contracts
 
AOCI, Net
Attributable to Fluor Corporation:
 

 
 

 
 

 
 

 
 

Balance as of March 31, 2020
$
(349,834
)
 
$
(43,628
)
 
$
(98,151
)
 
$
(7,740
)
 
$
(499,353
)
OCI before reclassifications
28,651

 
(10,786
)
 
1

 
1,146

 
19,012

Amounts reclassified from AOCI
—

 
132

 
954

 
619

 
1,705

Net OCI
28,651

 
(10,654
)
 
955

 
1,765

 
20,717

Balance as of June 30, 2020
$
(321,183
)
 
$
(54,282
)
 
$
(97,196
)
 
$
(5,975
)
 
$
(478,636
)
 
 
 
 
 
 
 
 
 
 
Attributable to NCI:
 
 
 
 
 
 
 
 
 
Balance as of March 31, 2020
$
(9,268
)
 
$
—

 
$
—

 
$
—

 
$
(9,268
)
OCI before reclassifications
2,421

 
—

 
—

 
—

 
2,421

Amounts reclassified from AOCI
—

 
—

 
—

 
—

 
—

Net OCI
2,421

 
—

 
—

 
—

 
2,421

Balance as of June 30, 2020
$
(6,847
)
 
$
—

 
$
—

 
$
—

 
$
(6,847
)

(in thousands)
Foreign
Currency
Translation
 
Ownership
Share of
Equity Method
Investees’ OCI
 
Defined
Benefit
Plans
 
Unrealized
Gain (Loss)
on Derivative
Contracts
 
AOCI, Net
Attributable to Fluor Corporation:
 

 
 

 
 

 
 

 
 

Balance as of December 31, 2019
$
(242,950
)
 
$
(35,456
)
 
$
(99,197
)
 
$
(2,270
)
 
$
(379,873
)
OCI before reclassifications
(78,233
)
 
(19,099
)
 
1

 
(4,105
)
 
(101,436
)
Amounts reclassified from AOCI
—

 
273

 
2,000

 
400

 
2,673

Net OCI
(78,233
)
 
(18,826
)
 
2,001

 
(3,705
)
 
(98,763
)
Balance as of June 30, 2020
$
(321,183
)
 
$
(54,282
)
 
$
(97,196
)
 
$
(5,975
)
 
$
(478,636
)
 
 
 
 
 
 
 
 
 
 
Attributable to NCI:
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2019
$
(5,051
)
 
$
—

 
$
—

 
$
—

 
$
(5,051
)
OCI before reclassifications
(1,796
)
 
—

 
—

 
—

 
(1,796
)
Amounts reclassified from AOCI
—

 
—

 
—

 
—

 
—

Net OCI
(1,796
)
 
—

 
—

 
—

 
(1,796
)
Balance as of June 30, 2020
$
(6,847
)
 
$
—

 
$
—

 
$
—

 
$
(6,847
)

(in thousands)
Foreign
Currency
Translation
 
Ownership
Share of
Equity Method
Investees’ OCI
 
Defined
Benefit
Plans
 
Unrealized
Gain (Loss)
on Derivative
Contracts
 
AOCI, Net
Attributable to Fluor Corporation:
 

 
 

 
 

 
 

 
 

Balance as of March 31, 2019
$
(268,089
)
 
$
(25,994
)
 
$
(202,585
)
 
$
(1,953
)
 
$
(498,621
)
OCI before reclassifications
(14,257
)
 
(2,606
)
 
—

 
1,629

 
(15,234
)
Amounts reclassified from AOCI
—

 
141

 
2,039

 
609

 
2,789

Net OCI
(14,257
)
 
(2,465
)
 
2,039

 
2,238

 
(12,445
)
Balance as of June 30, 2019
$
(282,346
)
 
$
(28,459
)
 
$
(200,546
)
 
$
285

 
$
(511,066
)
 
 
 
 
 
 
 
 
 
 
Attributable to NCI:
 
 
 
 
 
 
 
 
Balance as of March 31, 2019
$
(3,216
)
 
$
—

 
$
—

 
$
—

 
$
(3,216
)
OCI before reclassifications
(279
)
 
—

 
—

 
—

 
(279
)
Amounts reclassified from AOCI
—

 
—

 
—

 
—

 
—

Net OCI
(279
)
 
—

 
—

 
—

 
(279
)
Balance as of June 30, 2019
$
(3,495
)
 
$
—

 
$
—

 
$
—

 
$
(3,495
)
(in thousands)
Foreign
Currency
Translation
 
Ownership
Share of
Equity Method
Investees’ OCI
 
Defined
Benefit
Plans
 
Unrealized
Gain (Loss)
on Derivative
Contracts
 
AOCI, Net
Attributable to Fluor Corporation:
 

 
 

 
 

 
 

 
 

Balance as of December 31, 2018
$
(309,800
)
 
$
(23,672
)
 
$
(204,649
)
 
$
(5,410
)
 
$
(543,531
)
OCI before reclassifications
27,454

 
(5,070
)
 
—

 
4,325

 
26,709

Amounts reclassified from AOCI
—

 
283

 
4,103

 
1,370

 
5,756

Net OCI
27,454

 
(4,787
)
 
4,103

 
5,695

 
32,465

Balance as of June 30, 2019
$
(282,346
)
 
$
(28,459
)
 
$
(200,546
)
 
$
285

 
$
(511,066
)
 
 
 
 
 
 
 
 
 
 
Attributable to NCI:
 
 
 
 
 
 
 
 
Balance as of December 31, 2018
$
(3,701
)
 
$
—

 
$
—

 
$
—

 
$
(3,701
)
OCI before reclassifications
206

 
—

 
—

 
—

 
206

Amounts reclassified from AOCI
—

 
—

 
—

 
—

 
—

Net other comprehensive income (loss)
206

 
—

 
—

 
—

 
206

Balance as of June 30, 2019
$
(3,495
)
 
$
—

 
$
—

 
$
—

 
$
(3,495
)
Schedule of significant items reclassified out of AOCI and corresponding location and impact
Information about reclassifications out of AOCI follows:
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in thousands)
 
Location in Statement of Operations
 
2020
 
2019
 
2020
 
2019
Component of AOCI:
 
 
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ownership share of equity method investees’ OCI
 
Cost of revenue
 
$
(176
)
 
$
(188
)
 
$
(364
)
 
$
(377
)
Income tax benefit
 
Income tax expense (benefit)
 
44

 
47

 
91

 
94

Net of tax
 
 
 
$
(132
)
 
$
(141
)
 
$
(273
)
 
$
(283
)
 
 
 
 
 
 
 
 
 
 
 
Defined benefit pension plan adjustments
 
Corporate G&A
 
$
(998
)
 
$
(2,182
)
 
$
(2,000
)
 
$
(4,392
)
Income tax benefit
 
Income tax expense (benefit)
 
44

 
143

 
—

 
289

Net of tax
 
 
 
$
(954
)
 
$
(2,039
)
 
$
(2,000
)
 
$
(4,103
)
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on derivative contracts:
 
 
 
 
 
 
 
 
 
 
Commodity and foreign currency contracts
 
Various accounts(1)
 
$
(240
)
 
$
(617
)
 
$
402

 
$
(1,462
)
Interest rate contracts
 
Interest expense
 
(419
)
 
(419
)
 
(838
)
 
(839
)
Income tax benefit
 
Income tax expense (benefit)
 
40

 
427

 
36

 
931

Net of tax
 
 
 
$
(619
)
 
$
(609
)
 
$
(400
)
 
$
(1,370
)

(1)
Gains and losses on commodity and foreign currency derivative contracts were reclassified to "Cost of revenue" and "Corporate G&A"