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Operating Information by Segment and Geographic Area
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Operating Information by Segment and Geographic Area Operating Information by Segment and Geographic Area
3ME
March 31,
(in millions)20242023
Revenue
Energy Solutions$1,432 $1,612 
Urban Solutions1,479 1,208 
Mission Solutions601 649 
Other222 283 
Total revenue$3,734 $3,752 
Segment profit (loss)
Energy Solutions$68 $88 
Urban Solutions50 (20)
Mission Solutions22 7 
Other(22)(90)
Total segment profit (loss)$118 $(15)
G&A(59)(62)
Foreign currency gain (loss)12 (41)
Interest income (expense), net39 41 
Earnings (loss) attributable to NCI(19)(23)
Earnings (loss) before taxes$91 $(100)
Intercompany revenue for our professional staffing business, excluded from revenue above$81 $69 
Energy Solutions. Segment profit in the 2024 Quarter was adversely impacted by $29 million (or $0.12 per share) in cost growth for delays, craft labor and material escalation on a construction only subcontract executed by our joint venture entity in Mexico. Segment profit in the 2023 Quarter 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 2024 Quarter included a gain of $7 million on embedded foreign currency derivatives compared to a loss of $39 million in the 2023 Quarter.
Urban Solutions. Segment profit in the 2024 Quarter significantly improved due to the ramp up of execution activities on several recently awarded projects while segment profit in the 2023 Quarter included a $59 million (or $0.34 per share) charge for rework associated with subcontractor design errors on the LAX Automated People Mover project.
Mission Solutions. Segment profit improved in the 2024 Quarter compared to the 2023 Quarter that included a $21 million (or $0.12 per share) charge for cost growth on a weapons facility project.
Other. Segment profit (loss) for NuScale, Stork and AMECO follows:
3ME
March 31,
(in millions)20242023
NuScale(1)
$(33)$(29)
Stork11 1 
AMECO— (62)
Segment profit (loss)$(22)$(90)
(1) As of March 31, 2024, we had an approximate 55% ownership in NuScale.
In March 2024, we completed the sale of Stork's operations in continental Europe for $67 million, including a second payment of $38 million that was received in April 2024. During the 2024 Quarter, we recognized a gain on sale of $11 million including de-recognition of Stork's net assets and cumulative foreign currency translation.
During April 2024, we also entered into a definitive sale agreement for Stork's U.K. operations, which could close as early as the second quarter of 2024. The financial statement effects for this proposed U.K. sale did not meet the requirements for held-for-sale reporting as of March 31, 2024. The transaction, as agreed to, is not expected to have a material earnings impact when recognized.
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. Upon the sale of AMECO South America in the 2023 Quarter, 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)March 31,
2024		December 31,
2023
Energy Solutions$1,085 $1,053 
Urban Solutions1,350 1,211 
Mission Solutions573 577 
Other267 509 
Corporate3,425 3,623 
Total assets$6,700 $6,973 
Revenue by project location follows:
3ME
March 31,
(in millions)20242023
North America$2,372 $2,651 
Asia Pacific (includes Australia)443 324 
Europe772 512 
Central and South America67 221 
Middle East and Africa80 44 
Total revenue$3,734 $3,752