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Operating Information by Segment and Geographic Area
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
We have decided to retain Stork's North American operations, which largely consists of our operations and maintenance business owned by Fluor prior to our acquisition of Stork. Beginning in 2023, this business line, which was previously a part of the "Other" segment, was renamed Plant & Facility Services, and is included in our Urban Solutions segment for all periods presented.
3ME
June 30,		6ME
June 30,
(in millions)2023202220232022
Revenue
Energy Solutions$1,721 $1,330 $3,333 $2,505 
Urban Solutions1,202 1,134 2,411 2,195 
Mission Solutions705 547 1,354 1,140 
Other311 288 594 582 
Total revenue$3,939 $3,299 $7,692 $6,422 
Segment profit (loss)
Energy Solutions$89 $65 $178 $119 
Urban Solutions76 12 55 29 
Mission Solutions40 28 47 86 
Other(14)3 (104)(11)
Total segment profit$191 $108 $176 $223 
G&A(60)(45)(121)(117)
Impairment— — — 63 
Foreign currency gain (loss)(44)36 (86)18 
Interest income (expense), net37 (1)78 (10)
Earnings (loss) attributable to NCI7 7 (16)14 
Earnings before taxes$131 $105 $31 $191 
Intercompany revenue for our professional staffing business, excluded from revenue above$74 $61 $143 $121 
Energy Solutions. Segment profit in the 2023 Quarter and 2023 Period increased primarily due to the ramp up of execution activities on refinery projects in Mexico, positive forecast adjustments totaling $74 million (or $0.31 per share) on two projects and close out matters on a chemicals project. Despite the overall increase in segment profit, both the 2023 Quarter and 2023 Period included a charge of $34 million (or $0.20 per share) for cost growth and schedule extension on an upstream project. The 2023 Period included a favorable foreign currency remeasurement effect totaling $22 million (or $0.09 per share) on a project with multiple currencies. Segment profit in the 2023 Quarter and 2023 Period included losses of $8 million and $47 million, respectively, related to embedded foreign currency derivatives. Segment profit in the 2022 Quarter and 2022 Period included gains of $17 million and $4 million, respectively, related to an embedded foreign currency derivative.
Urban Solutions. Segment profit for the 2023 Quarter and 2023 Period improved due to a positive forecast adjustment on one legacy infrastructure project as well as the ramp up of execution activities on several new ATLS projects. Segment profit in the 2023 Period included a $59 million (or $0.34 per share) charge for rework associated with subcontractor design errors, related schedule impacts and system integration testing timelines on the LAX Automated People Mover project. Segment profit in the 2022 Quarter and 2022 Period included a project charge of $32 million (or $0.14 per share) related to procurement and subcontractor cost growth on an infrastructure project.
Mission Solutions. Segment profit in the 2023 Period included a $30 million (or $0.17 per share) charge for cost growth resulting from government directed change orders and the associated schedule delays on a weapons facility project.
Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
3ME
 June 30,		6ME
 June 30,
(in millions)2023202220232022
NuScale(1)
$(23)$(8)$(52)$(29)
Stork9 8 10 12 
AMECO— 3 (62)6 
Segment profit (loss)$(14)$3 $(104)$(11)
(1) As of June 30, 2023, we had an approximate 56% ownership in NuScale.
In March 2023, we sold our AMECO South America business, which included operations in Chile and Peru. This transaction marks the completion of the AMECO divestiture for total proceeds of $144 million, including $17 million during the 2023 Period. Previous AMECO divestitures included assets in Africa, the Caribbean, Mexico and North America. Upon the sale of AMECO South America in the 2023 Period, we recognized a $60 million negative earnings impact, including $35 million associated with foreign currency translation.
Total assets by segment are as follows:
(in millions)June 30,
2023		December 31,
2022
Energy Solutions$1,146 $967 
Urban Solutions1,162 1,170 
Mission Solutions543 485 
Other574 583 
Corporate3,331 3,622 
Total assets$6,756 $6,827 
Revenue by project location follows:
3ME
June 30,		6ME
June 30,
(in millions)2023202220232022
North America$2,762 $2,101 $5,413 $4,009 
Asia Pacific (includes Australia)436 203 761 452 
Europe530 595 1,042 1,145 
Central and South America177 356 398 707 
Middle East and Africa34 44 78 109 
Total revenue$3,939 $3,299 $7,692 $6,422