Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

The components of OCI follow:


	Year Ended December 31,
	2021						2020						2019
(in thousands)	Before-Tax Amount		Tax (Expense) Benefit		Net-of-Tax Amount		Before-Tax Amount		Tax (Expense) Benefit		Net-of-Tax Amount		Before-Tax Amount		Tax (Expense) Benefit		Net-of-Tax Amount
OCI:
Foreign currency translation adjustments	$	(37,422)	$	(11)	$	(37,433)	$	(17,127)	$	—	$	(17,127)	$	101,096	$	(35,596)	$	65,500
Ownership share of equity method investees' OCI	545		(2,237)		(1,692)		(21,837)		3,309		(18,528)		(15,630)		3,846		(11,784)
DB plan adjustments	153,285		(52,313)		100,972		(19,392)		—		(19,392)		150,427		(44,975)		105,452
Unrealized gain (loss) on hedges	(11,068)		1,722		(9,346)		23,531		(4,634)		18,897		4,734		(1,594)		3,140

Total OCI	105,340		(52,839)		52,501		(34,825)		(1,325)		(36,150)		240,627		(78,319)		162,308
Less: OCI attributable to NCI	1,334		—		1,334		883		—		883		(1,350)		—		(1,350)
OCI attributable to Fluor Corporation	$	104,006	$	(52,839)	$	51,167	$	(35,708)	$	(1,325)	$	(37,033)	$	241,977	$	(78,319)	$	163,658

The changes in AOCI balances follow:


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees' OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor Corporation:
Balance as of December 31, 2020	$	(260,960)	$	(53,984)	$	(118,589)	$	16,627	$	(416,906)
OCI before reclassifications	(38,767)		(2,259)		(50,482)		10,752		(80,756)
Amounts reclassified from AOCI	—		567		151,454		(20,098)		131,923
Net OCI	(38,767)		(1,692)		100,972		(9,346)		51,167
Balance as of December 31, 2021	$	(299,727)	$	(55,676)	$	(17,617)	$	7,281	$	(365,739)
Attributable to NCI:
Balance as of December 31, 2020	$	(4,168)	$	—	$	—	$	—	$	(4,168)
OCI before reclassifications	1,334		—		—		—		1,334
Amount reclassified from AOCI	—		—		—		—		—
Net OCI	1,334		—		—		—		1,334
Balance as of December 31, 2021	$	(2,834)	$	—	$	—	$	—	$	(2,834)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees' OCI		DB Plans		Unrealized Gain (Loss) on Hedges		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	(18,010)		(19,076)		(22,921)		19,501		(40,506)
Amounts reclassified from AOCI	—		548		3,529		(604)		3,473
Net OCI	(18,010)		(18,528)		(19,392)		18,897		(37,033)
Balance as of December 31, 2020	$	(260,960)	$	(53,984)	$	(118,589)	$	16,627	$	(416,906)
Attributable to NCI:
Balance as of December 31, 2019	$	(5,051)	$	—	$	—	$	—	$	(5,051)
OCI before reclassifications	883		—		—		—		883
Amount reclassified from AOCI	—		—		—		—		—
Net OCI	883		—		—		—		883
Balance as of December 31, 2020	$	(4,168)	$	—	$	—	$	—	$	(4,168)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees' OCI		DB Plans		Unrealized Gain (Loss) on Hedges		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	19,957		(12,304)		4,006		1,503		13,162
Amounts reclassified from AOCI	46,893		520		101,446		1,637		150,496
Net OCI	66,850		(11,784)		105,452		3,140		163,658
Balance as of December 31, 2019	$	(242,950)	$	(35,456)	$	(99,197)	$	(2,270)	$	(379,873)
Attributable to NCI:
Balance as of December 31, 2018	$	(3,701)	$	—	$	—	$	—	$	(3,701)
OCI before reclassifications	(1,350)		—		—		—		(1,350)
Amount reclassified from AOCI	—		—		—		—		—
Net OCI	(1,350)		—		—		—		(1,350)
Balance as of December 31, 2019	$	(5,051)	$	—	$	—	$	—	$	(5,051)

The reclassifications out of AOCI follow:


	Location in Consolidated Statement of Operations	Year Ended December 31,
(in thousands)		2021		2020		2019
Component of AOCI:
Foreign currency translation adjustment	Impairment, restructuring & other exit costs	$	—	$	—	$	(84,286)
Income tax benefit	Income tax expense (benefit)	—		—		37,393
Net of tax		$	—	$	—	$	(46,893)

Ownership share of equity method investees' OCI	Cost of revenue	$	(756)	$	(730)	$	(695)
Income tax benefit	Income tax expense (benefit)	189		182		175
Net of tax		$	(567)	$	(548)	$	(520)

DB plan adjustments	Various accounts(1)	$	(202,733)	$	(3,529)	$	(146,579)
Income tax benefit	Income tax expense (benefit)	51,279		—		45,133
Net of tax		$	(151,454)	$	(3,529)	$	(101,446)

Unrealized gain (loss) on hedges:
Commodity and foreign currency contracts	Various accounts(2)	$	26,576	$	1,837	$	(1,370)
Interest rate contracts	Interest expense	(1,189)		(1,678)		(1,678)
Income tax benefit	Income tax expense (benefit)	(5,289)		445		1,411
Net of tax:		$	20,098	$	604	$	(1,637)

(1)DB plan adjustments were reclassified to "G&A" and "Loss on pension settlement".

(2)Gains and losses on commodity and foreign currency derivatives were reclassified to "Cost of revenue" and "G&A".