Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

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:

	3ME September 30, 2022						3ME September 30, 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	$	(32)	$	—	$	(32)	$	(19)	$	—	$	(19)
Ownership share of equity method investees’ OCI	19		(5)		14		(1)		(2)		(3)
DB plan adjustments	—		—		—		1		—		1
Unrealized gain (loss) on hedges	(7)		2		(5)		(2)		—		(2)
Total OCI	(20)		(3)		(23)		(21)		(2)		(23)
Less: OCI attributable to NCI	—		—		—		2		—		2
OCI attributable to Fluor	$	(20)	$	(3)	$	(23)	$	(23)	$	(2)	$	(25)

	9ME September 30, 2022						9ME September 30, 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	$	(35)	$	—	$	(35)	$	(17)	$	—	$	(17)
Ownership share of equity method investees’ OCI	40		(9)		31		(4)		(1)		(5)
DB plan adjustments	—		—		—		4		—		4
Unrealized gain (loss) on hedges	(12)		4		(8)		(4)		(1)		(5)
Total OCI	(7)		(5)		(12)		(21)		(2)		(23)
Less: OCI attributable to NCI	—		—		—		2		—		2
OCI attributable to Fluor	$	(7)	$	(5)	$	(12)	$	(23)	$	(2)	$	(25)

Schedule of changes in accumulated other comprehensive income balances by component (after-tax)

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 June 30, 2022	$	(304)	$	(38)	$	(17)	$	4	$	(355)
OCI before reclassifications	(32)		14		—		(5)		(23)
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	(32)		14		—		(5)		(23)
Balance as of September 30, 2022	$	(336)	$	(24)	$	(17)	$	(1)	$	(378)
Attributable to NCI:
Balance as of June 30, 2022	$	(2)	$	—	$	—	$	—	$	(2)
OCI before reclassifications	—		—		—		—		—
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	—		—		—		—		—
Balance as of September 30, 2022	$	(2)	$	—	$	—	$	—	$	(2)

(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	(37)		24		1		(7)		(19)
Amounts reclassified from AOCI	—		8		—		(1)		7
Net OCI	(37)		32		1		(8)		(12)
Balance as of September 30, 2022	$	(336)	$	(24)	$	(17)	$	(1)	$	(378)
Attributable to NCI:
Balance as of December 31, 2021	$	(3)	$	—	$	—	$	—	$	(3)
OCI before reclassifications	1		—		—		—		1
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	1		—		—		—		1
Balance as of September 30, 2022	$	(2)	$	—	$	—	$	—	$	(2)

(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 June 30, 2021	$	(259)	$	(56)	$	(116)	$	14	$	(417)
OCI before reclassifications	(21)		(3)		—		2		(22)
Amounts reclassified from AOCI	—		—		1		(4)		(3)
Net OCI	(21)		(3)		1		(2)		(25)
Balance as of September 30, 2021	$	(280)	$	(59)	$	(115)	$	12	$	(442)
Attributable to NCI:
Balance as of June 30, 2021	$	(5)	$	—	$	—	$	—	$	(5)
OCI before reclassifications	3		—		—		—		3
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	3		—		—		—		3
Balance as of September 30, 2021	$	(2)	$	—	$	—	$	—	$	(2)

(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, 2020	$	(261)	$	(54)	$	(119)	$	17	$	(417)
OCI before reclassifications	(19)		(5)		—		8		(16)
Amounts reclassified from AOCI	—		—		4		(13)		(9)
Net OCI	(19)		(5)		4		(5)		(25)
Balance as of September 30, 2021	$	(280)	$	(59)	$	(115)	$	12	$	(442)
Attributable to NCI:
Balance as of December 31, 2020	$	(4)	$	—	$	—	$	—	$	(4)
OCI before reclassifications	2		—		—		—		2
Amounts reclassified from AOCI	—		—		—		—		—
Net other comprehensive income (loss)	2		—		—		—		2
Balance as of September 30, 2021	$	(2)	$	—	$	—	$	—	$	(2)

Schedule of significant items reclassified out of AOCI and corresponding location and impact

Information about reclassifications out of AOCI follows:

		3ME September 30,				9ME September 30,
(in millions)	Location in Statement of Operations	2022		2021		2022		2021
Component of AOCI:
Ownership share of equity method investees’ OCI	Cost of revenue	$	—	$	—	$	(8)	$	—
Income tax benefit	Income tax expense (benefit)	—		—		—		—
Net of tax		$	—	$	—	$	(8)	$	—
DB plan adjustments	G&A	$	—	$	(1)	$	—	$	(4)
Income tax benefit	Income tax expense (benefit)	—		—		—		—
Net of tax		$	—	$	(1)	$	—	$	(4)
Unrealized gain (loss) on derivative contracts:
Commodity and foreign currency contracts	Various accounts(1)	$	—	$	4	$	1	$	16
Interest rate contracts	Interest expense	—		—		—		(1)
Income tax benefit	Income tax expense (benefit)	—		—		—		(2)
Net of tax		$	—	$	4	$	1	$	13

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