Discontinued Operations

3 Months Ended

Mar. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In May 2021, we sold the North American operations of the AMECO equipment business for $71 million and recognized a loss on the sale of $27 million. The results for the sold operations are reported in Disc Ops in the 2021 Quarter.

Disc Ops information follows:

	3ME March 31, 2021
(in millions)	AMECO
Revenue	$	16
Cost of revenue	(17)
Gross Profit	(1)
Corporate G&A	—
Impairment expense	—
Foreign currency gain (loss)	—
Operating profit	(1)
Interest (expense) income, net	—
Earnings (loss) before taxes from Disc Ops	(1)
Income tax (expense) benefit	—
Net earnings (loss) from Disc Ops	(1)
Less: Net earnings (loss) from Disc Ops attributable to NCI	—
Net earnings (loss) from Disc Ops attributable to Fluor	$	(1)

Our cash flow information for the 2021 Quarter included the following activities related to Disc Ops:

	3ME March 31, 2021
(in millions)	AMECO
Capital expenditures	(11)

In our 2021 10-K, we reported additional AMECO operations and Stork operations in Disc Ops. These operations are still being marketed but no longer qualify for all Disc Ops criteria. They are now reported in Cont Ops, until such time that they re-qualify for Disc Ops.