Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2022

The components of OCI follow:


	3ME March 31, 2022						3ME March 31, 2021
(in millions)	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	$	29	$	—	$	29	$	3	$	—	$	3
Ownership share of equity method investees’ OCI	—		1		1		(2)		—		(2)
DB plan adjustments	1		—		1		1		1		2
Unrealized gain (loss) on hedges	(2)		—		(2)		(3)		—		(3)
Total OCI	28		1		29		(1)		1		—
Less: OCI attributable to NCI	—		—		—		—		—		—
OCI attributable to Fluor	$	28	$	1	$	29	$	(1)	$	1	$	—

The changes in AOCI balances follow:


(in millions)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of December 31, 2021	$	(299)	$	(56)	$	(18)	$	7	$	(366)
OCI before reclassifications	29		1		1		2		33
Amounts reclassified from AOCI	—		—		—		(4)		(4)
Net OCI	29		1		1		(2)		29
Balance as of March 31, 2022	$	(270)	$	(55)	$	(17)	$	5	$	(337)
Attributable to NCI:
Balance as of December 31, 2021	$	(3)	$	—	$	—	$	—	$	(3)
OCI before reclassifications	—		—		—		—		—
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	—		—		—		—		—
Balance as of March 31, 2022	$	(3)	$	—	$	—	$	—	$	(3)

Attributable to Fluor:
Balance as of December 31, 2020	$	(261)	$	(54)	$	(119)	$	17	$	(417)
OCI before reclassifications	3		(2)		—		1		2
Amounts reclassified from AOCI	—		—		2		(4)		(2)
Net OCI	3		(2)		2		(3)		—
Balance as of March 31, 2021	$	(258)	$	(56)	$	(117)	$	14	$	(417)
Attributable to NCI:
Balance as of December 31, 2020	$	(4)	$	—	$	—	$	—	$	(4)
OCI before reclassifications	—		—		—		—		—
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	—		—		—		—		—
Balance as of March 31, 2021	$	(4)	$	—	$	—	$	—	$	(4)

The reclassifications out of AOCI follow:


	Location in Statement of Operations	3ME March 31,
(in thousands)		2022		2021
Component of AOCI:




DB plan adjustments	Corporate G&A	$	—	$	(2)
Income tax expense	Income tax expense (benefit)	—		—
Net of tax		$	—	$	(2)

Unrealized gain (loss) on derivative contracts:
Commodity and foreign currency contracts	Various accounts(1)	$	5	$	5

Income tax expense	Income tax expense (benefit)	(1)		(1)
Net of tax		$	4	$	4

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