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Operating Information by Segment and Geographic Area
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
Year Ended December 31,
(in millions)202320222021
Revenue
Energy Solutions$6,307 $5,872 $4,956 
Urban Solutions5,262 4,373 4,832 
Mission Solutions2,655 2,289 3,063 
Other1,250 1,210 1,305 
Total revenue$15,474 $13,744 $14,156 
Intercompany revenue for our professional staffing business, excluded from revenue above$299 $249 $269 
Segment profit (loss)
Energy Solutions$381 $301 $250 
Urban Solutions268 17 41 
Mission Solutions116 136 155 
Other(228)(27)(31)
Total segment profit$537 $427 $415 
G&A(232)(237)(226)
Impairment— 24 (290)
Gain (loss) on pension settlement— 42 (198)
Foreign currency gain (loss)(98)25 (13)
Interest income (expense), net168 35 (73)
Earnings (loss) from Cont Ops attributable to NCI(60)(72)39 
Earnings (loss) from Cont Ops before taxes$315 $244 $(346)
Depreciation (all but Corporate included in segment profit)
Energy Solutions$— $— $— 
Urban Solutions10 9 9 
Mission Solutions3 3 4 
Other19 18 7 
Corporate42 43 53 
Total depreciation$74 $73 $73 
Capital expenditures
Energy Solutions$— $— $— 
Urban Solutions20 14 25 
Mission Solutions4 4 3 
Other15 21 19 
Corporate67 36 19 
Total capital expenditures$106 $75 $66 
December 31, 2023December 31, 2022
Total assets
Energy Solutions$1,053 $967 
Urban Solutions1,211 1,170 
Mission Solutions577 485 
Other509 583 
Corporate3,623 3,622 
Total assets$6,973 $6,827 
Goodwill
Energy Solutions$13 $13 
Urban Solutions129 129 
Mission Solutions58 58 
Other6 6 
Total goodwill$206 $206 
Energy Solutions. The revenue of 2 Energy Solutions customers each amounted to 10% of our consolidated revenue during 2023. The revenue of a single Energy Solutions customer amounted to 14% and 13% of our consolidated revenue during 2022 and 2021, respectively.
Segment profit in 2023 benefited from the initial recognition of inflation-adjusted variable consideration on certain downstream projects and increased execution activities on those same projects as well as construction activities on a large LNG project and the effects of favorable foreign currency remeasurement, partially offset by charges totaling $91 million (or $0.53 per share) for cost growth and schedule extension on a large upstream legacy project. Segment profit in 2021 included the collection of previously reserved accounts receivable and losses on embedded foreign currency derivatives.
Urban Solutions. Segment profit in 2023 includes the settlement of a claim on an international bridge project compared to the recognition of cost growth on the same project of $54 million (or $0.23 per share) in 2022 and $138 million (or $0.72 per share) in 2021. In 2023, we also recognized a discretionary incentive fee award on a completed mining project as well as a benefit from the favorable outcome of arbitration on a separate mining project. Segment profit in 2023 also includes a favorable determination on a claim on a legacy infrastructure project. Earlier in 2023, we recognized a $59 million (or $0.34 per share) charge on this project for rework associated with subcontractor design errors and related schedule impacts, and we recognized a similar charge of $35 million (or $0.20 per share) in 2022. Segment profit in 2022 included an $86 million (or $0.50 per share) charge for additional rework and schedule delays on a highway project. Segment profit in 2021 also included forecast revisions for schedule delays and productivity on a light rail project and a favorable resolution of a long-standing customer dispute on a road project.
Mission Solutions. Revenue from work performed for various agencies of the U.S. government amounted to 9%, 16% and 21% of our consolidated revenue during 2023, 2022 and 2021, respectively.
Segment profit in 2023 included a $30 million (or $0.17 per share) charge recognized in the first half of 2023 for cost growth associated with additional schedule delays on a weapons facility project. We are conducting our due diligence to recover cost growth that has resulted from directed and constructive changes from the client on the project.
Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
YEAR ENDED DECEMBER 31,
(in millions)202320222021
NuScale(1)
$(106)$(73)$(69)
Stork(55)45 32 
AMECO(67)1 6 
Segment profit (loss)(228)$(27)$(31)
(1) As of December 31, 2023, we had an approximate 55% ownership in NuScale.
In December 2023, we sold the Stork business in Latin America, largely for the assumption of debt by the purchaser. We recognized a $93 million negative earnings impact on sale, including $31 million of cash transferred to the buyer and $33 million associated with foreign currency translation.
In March 2023, we sold our AMECO South America business, which included operations in Chile and Peru. This transaction marked the completion of the AMECO divestiture for total proceeds of $144 million, including $17 million in 2023. Previous AMECO divestitures included assets in Africa, the Caribbean, Mexico and North America. Upon the sale of AMECO South America in 2023, we recognized a negative earnings impact of $60 million, including $35 million associated with foreign currency translation.
In April 2022, we sold approximately 5% of the ownership of NuScale to Japan NuScale Innovation, LLC for $107 million. The sale did not trigger any recognition of gain or loss because we consolidate NuScale before and after the sale. NuScale received capital contributions from outside investors of $193 million and $9 million during 2022 and 2021, respectively.
Operating Information by Geographic Area
Revenue by project location
Year Ended December 31,		Total Assets
As of December 31,
(in millions)20232022202120232022
North America$10,514 $8,819 $8,532 $5,034 $4,406 
Asia Pacific (includes Australia)1,744 1,138 1,331 686 642 
Europe2,268 2,240 2,223 724 959 
Central and South America741 1,338 1,723 175 438 
Middle East and Africa207 209 347 354 382 
Total$15,474 $13,744 $14,156 $6,973 $6,827