Earnings Per Share

6 Months Ended

Jun. 30, 2023

Potentially dilutive securities include CPS, stock options, RSUs and performance-based award units. Diluted EPS reflects the assumed exercise or conversion of all dilutive securities using the if-converted and treasury stock methods. In computing diluted EPS, only securities that are actually dilutive are included.


	3ME June 30,				6ME June 30,
(in millions, except per share amounts)	2023		2022		2023		2022
Net earnings (loss) attributable to Fluor	$	61	$	66	$	(46)	$	114
Less: Dividends on CPS	10		10		20		20
Net earnings (loss) available to Fluor common stockholders	51		56		(66)		94

Weighted average common shares outstanding	143		142		143		142
Diluted effect:
CPS	27		27		—		—
Stock options, RSUs and performance-based award units	2		3		—		2
Weighted average diluted shares outstanding	172		172		143		144

Basic EPS available to Fluor common stockholders	$	0.36	$	0.40	$	(0.46)	$	0.67
Diluted EPS available to Fluor common stockholders	$	0.35	$	0.38	$	(0.46)	$	0.66

Anti-dilutive securities not included in shares outstanding:
CPS	—		—		27		27
Stock options, RSUs and performance-based award units	3		3		5		3