2.2.0.25falsefalse20102 - Disclosure - Summary of Significant Accounting Policies (Policy)truefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001130385duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit15Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0Unit13Standardhttp://www.xbrl.org/2003/instancepurexbrli0USDUSD$2true0fwlt_SummaryOfSignificantAccountingPoliciesAbstractfwltfalsenadurationSummary of Significant Accounting Policies [Abstract}.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringSummary of Significant Accounting Policies [Abstract}.falsefalseSummary of Significant Accounting Policies3false0fwlt_BasisOfPresentationPolicyTextBlockfwltfalsenadurationDescription of presentation of financial statements which includes the fiscal year and/or quarter for parent company, as well...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Basis of Presentation&nbsp;&#8212; </i>At a special court-ordered meeting of common shareholders held on January&nbsp;27, 2009, the common shareholders of Foster Wheeler Ltd. approved a scheme of arrangement under Bermuda law. On February&nbsp;9, 2009, after receipt of the approval of the scheme of arrangement by the Supreme Court of Bermuda and the satisfaction of certain other conditions, the transactions contemplated by the scheme of arrangement were effected. Pursuant to the scheme of arrangement, among other things, all previously outstanding whole common shares of Foster Wheeler Ltd. were cancelled and the common shareholders of Foster Wheeler Ltd. became common shareholders of Foster Wheeler AG, a Swiss corporation, and Foster Wheeler Ltd. became a wholly-owned subsidiary of Foster Wheeler AG, a holding company that owns the stock of its various subsidiary companies. The steps of the scheme of arrangement together with certain related transactions, which are collectively referred to throughout the Notes to the consolidated financial statements as the "Redomestication," effectively changed our place of incorporation from Bermuda to the Canton of Zug, Switzerland. In January 2010, we relocated our principal executive offices to Geneva, Switzerland. Please see Note&nbsp;18 for further information related to the Redomestication. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">The fiscal year of Foster Wheeler AG ends on December 31 of each calendar year. Foster Wheeler AG's fiscal quarters end on the last day of March, June and September. The fiscal years of our <font style="white-space: nowrap;" class="_mt">non-U.S.&nbsp;operations</font> are the same as the parent's. The fiscal year of Foster Wheeler Ltd., the parent company prior to the Redomestication, was the 52- or 53-week annual accounting period ending the last Friday in December and ended on December&nbsp;26, 2008 for fiscal year 2008. The fiscal year of our U.S.&nbsp;operations is the 52- or 53-week annual accounting period ending on the last Friday in December. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Certain prior period amounts have been reclassified to conform to the current year presentation. </div></div> </div>Basis of Presentation&nbsp;&#8212; At a special court-ordered meeting of common shareholders held on January&nbsp;27, 2009, the common shareholders of FosterfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription of presentation of financial statements which includes the fiscal year and/or quarter for parent company, as well as, the U.S. and non-U.S. operations, the basis of accounting used to prepare the financial statements and the impact any new accounting pronouncements may have on the basis of presentation.No authoritative reference available.falsefalseBasis of Presentation4false0us-gaap_ConsolidationPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Principles of Consolidation</i>&nbsp;&#8212; The consolidated financial statements include the accounts of Foster Wheeler AG and all significant U.S.&nbsp;and <font style="white-space: nowrap;" class="_mt">non-U.S.&nbsp;subsidiaries</font> as well as certain entities in which we have a controlling interest. Intercompany transactions and balances have been eliminated. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">In June 2009, the Financial Accounting Standards Board ("FASB") issued authoritative guidance to amend the manner in which entities evaluate whether consolidation is required for variable interest entities ("VIE"). The model for determining which enterprise has a controlling financial interest and is the primary beneficiary of a VIE has changed under the new guidance. Furthermore, the new guidance requires an ongoing reconsideration of the primary beneficiary and also amends the events that trigger a reassessment of whether an entity is a VIE. This revised guidance also requires enhanced disclosures about how a company's involvement with a VIE affects its financial statements and exposure to risks. This guidance, which became effective for us on January&nbsp;1, 2010, did not result in any change to the entities previously included in our consolidated financial statements. </div></div> </div>Principles of Consolidation&nbsp;&#8212; The consolidated financial statements include the accounts of Foster Wheeler AG and all significant U.S.&nbsp;andfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. An entity also may describe its accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 46R -Paragraph 4 -Subparagraph c Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph k -Article 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 5, 6, 16-19 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02, 03 -Article 3A Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 2-6 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 140 -Paragraph 46 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a(2) Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 46R -Paragraph 4 -Subparagraph d Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 97-2 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 96-16 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 46R -Paragraph 14, 15 falsefalsePrinciples of Consolidation5false0fwlt_StockholdersEquityNoteStockSplitPolicyTextBlockfwltfalsenadurationDescription of the stock split arrangement. Also provide the retroactive effect given by a stock split for all periods...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Capital Alterations</i>&nbsp;&#8212; See above <i>"&#8212;&nbsp;Basis of Presentation" </i>and Note&nbsp;18 for further information related to the Redomestication.</div></div> </div>Capital Alterations&nbsp;&#8212; See above "&#8212;&nbsp;Basis of Presentation" and Note&nbsp;18 for further information related to thefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription of the stock split arrangement. Also provide the retroactive effect given by a stock split for all periods presented in the financial statements.No authoritative reference available.falsefalseCapital Alterations6false0fwlt_UseOfEstimatesPolicyTextBlockfwltfalsenadurationProvides an entity's explanation that the preparation of financial statements in conformity with generally accepted...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Use of Estimates</i>&nbsp;&#8212; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. Changes in estimates are reflected in the periods in which they become known. Significant estimates are used in accounting for long-term contracts including estimates of total costs, progress toward completion and customer and vendor claims, employee benefit plan obligations and share-based compensation plans. In addition, we also use estimates when accounting for uncertain tax positions and deferred taxes, asbestos liabilities and expected recoveries and when assessing goodwill for impairment, among others. </div></div> </div>Use of Estimates&nbsp;&#8212; The preparation of financial statements in conformity with accounting principles generally accepted in the United States offalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringProvides an entity's explanation that the preparation of financial statements in conformity with generally accepted accounting principles requires the use of management estimates. Estimates used in the determination of carrying amounts of assets or liabilities, or in disclosure of gain or loss contingencies should be disclosed if known information available prior to issuance of the financial statements indicates that both of these criteria are met: (1) It is at least reasonably possible that the estimate of the effect on the financial statements of a condition, situation, or set of circumstances that existed at the date of the financial statements will change in the near term (less than one year from the date of issuance) due to one or more future confirming events, and (2) The effect of the change would be material to the financial statements. The disclosure should indicate the nature of the uncertainty and include an indication that it is at least reasonably possible that a change in the estimate will occur in the near term. Disclosure of the factors that cause the estimate to be sensitive to change also is encouraged. Entities also may identify those areas that are subject to significant estimates.No authoritative reference available.falsefalseUse of Estimates7false0fwlt_RevenueRecognitionPercentageOfCompletionMethodTextBlockfwltfalsenadurationDescribes an entity's accounting policy for revenue recognition for long-term construction-type contracts accounted for using...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Revenue Recognition on Long-Term Contracts</i>&nbsp;&#8212; Revenues and profits on long-term contracts are recorded under the <font style="white-space: nowrap;" class="_mt">percentage-of-completion</font> method. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Progress towards completion on fixed-price contracts is measured based on physical completion of individual tasks for all contracts with a value of $5,000 or greater. For contracts with a value less than $5,000, progress toward completion is measured based on the ratio of costs incurred to total estimated contract costs (the <font style="white-space: nowrap;" class="_mt">cost-to-cost</font> method). </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Progress towards completion on cost-reimbursable contracts is measured based on the ratio of quantities expended to total forecasted quantities, typically <font style="white-space: nowrap;" class="_mt">man-hours.</font> Incentives are also recognized on a <font style="white-space: nowrap;" class="_mt">percentage-of-completion</font> basis when the realization of an incentive is assessed as probable. We include flow-through costs consisting of materials, equipment or subcontractor services as both operating revenues and cost of operating revenues on cost-reimbursable contracts when we have overall responsibility as the contractor for the engineering specifications and procurement or procurement services for such costs. There is no contract profit impact of flow-through costs as they are included in both operating revenues and cost of operating revenues. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Contracts in process are stated at cost, increased for profits recorded on the completed effort, less billings to the customer and progress payments on uncompleted contracts. A full provision for loss contracts is made at the time the loss becomes probable regardless of the stage of completion. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">At any point, we have numerous contracts in progress, all of which are at various stages of completion. Accounting for revenues and profits on long-term contracts requires estimates of total estimated contract costs and estimates of progress toward completion to determine the extent of revenue and profit recognition. These estimates may be revised as additional information becomes available or as specific project circumstances change. We review all of our material contracts on a monthly basis and revise our estimates as appropriate for developments such as earning project incentive bonuses, incurring or expecting to incur contractual liquidated damages for performance or schedule issues, providing services and purchasing third-party materials and equipment at costs differing from those previously estimated and testing completed facilities, which, in turn, eliminates or confirms completion and warranty-related costs. Project incentives are recognized when it is probable they will be earned. Project incentives are frequently tied to cost, schedule <font style="white-space: nowrap;" class="_mt">and/or</font> safety targets and, therefore, tend to be earned late in a project's life cycle. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Changes in estimated final contract revenues and costs can either increase or decrease the final estimated contract profit. In the period in which a change in estimate is recognized, the cumulative impact of that change is recorded based on progress achieved through the period of change. The following table summarizes the number of separate projects that experienced final estimated contract profit revisions with an impact on contract profit in excess of $1,000 relating to the revaluation of work performed in prior periods: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="font-size: 1pt;" valign="bottom"><td width="71%">&nbsp;</td> <td width="2%">&nbsp;</td> <td width="3%" align="right">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="3%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="3%" align="right">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="3%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="3%" align="right">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="3%" align="left">&nbsp;</td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="11" align="center"><b>Fiscal Years</b> </td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="3" nowrap="nowrap" align="center"><b>2010</b> </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="3" nowrap="nowrap" align="center"><b>2009</b> </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="3" nowrap="nowrap" align="center"><b>2008</b> </td></tr> <tr style="line-height: 3pt; font-size: 1pt;"><td>&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Number of separate projects </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">46 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">43 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">33 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Net increase in contract profit from the regular revaluation of final estimated contract profit revisions </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">56,800</td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">69,000 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">26,700 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr></table> <div style="text-indent: 0px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">The changes in fiscal year 2009 included $24,300 for positive settlements on two projects in our Global Engineering and Construction Group ("Global E&amp;C Group") business segment, of which $14,800 was associated with the receipt of a payment on a long-outstanding arbitration award. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Please see Note&nbsp;14 for further information related to changes in final estimated contract profit and the impact on business segment results. </div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Claims are amounts in excess of the agreed contract price (or amounts not included in the original contract price) that we seek to collect from customers or others for delays, errors in specifications and designs, contract terminations, disputed or unapproved change orders as to both scope and price or other causes of unanticipated additional costs. We record claims as additional contract revenue if it is probable that the claims will result in additional contract revenue and if the amount can be reliably estimated. These two requirements are satisfied by the existence of all of the following conditions: the contract or other evidence provides a legal basis for the claim; additional costs are caused by circumstances that were unforeseen at the contract date and are not the result of deficiencies in our performance; costs associated with the claim are identifiable or otherwise determinable and are reasonable in view of the work performed; and the evidence supporting the claim is objective and verifiable. If such requirements are met, revenue from a claim may be recorded only to the extent that contract costs relating to the claim have been incurred. Costs attributable to claims are treated as costs of contract performance as incurred and are recorded in contracts in process. Our consolidated financial statements included the following regarding commercial claims: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="font-size: 1pt;" valign="bottom"><td width="69%">&nbsp;</td> <td width="2%">&nbsp;</td> <td width="6%" align="right">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="6%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="6%" align="right">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="6%" align="left">&nbsp;</td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="3" nowrap="nowrap" align="center"><b>December&nbsp;31, 2010</b> </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="3" nowrap="nowrap" align="center"><b>December&nbsp;31, 2009</b> </td></tr> <tr style="line-height: 3pt; font-size: 1pt;"><td>&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Assumed recovery of commercial claims </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">7,300 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">18,700 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Claims yet to be expended </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">&#8212; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">$ </td> <td valign="bottom" nowrap="nowrap" align="right">1,200 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr></table> <div style="text-indent: 0px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">In certain circumstances, we may defer pre-contract costs when it is probable that these costs will be recovered under a future contract. Such deferred costs would then be included in contract costs upon execution of the anticipated contract. Deferred pre-contract costs were immaterial as of December&nbsp;31, 2010 and 2009. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Certain special-purpose subsidiaries in our Global Power Group business segment are reimbursed by customers for their costs of building and operating certain facilities over the lives of the corresponding service contracts. Depending on the specific legal rights and obligations under these arrangements, in some cases those reimbursements are treated as operating revenues at gross value and other cases as a reduction of cost. </div></div></div></div> </div>Revenue Recognition on Long-Term Contracts&nbsp;&#8212; Revenues and profits on long-term contracts are recorded under the percentage-of-completion method.falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for revenue recognition for long-term construction-type contracts accounted for using the percentage-of-completion method. This should include the method or methods of measuring extent of progress toward completion. If the entity departs from using the percentage-of-completion method for a single contract or a group of contracts for which reasonably dependable estimates cannot be made, such a departure from the basic policy should be disclosed.No authoritative reference available.falsefalseRevenue Recognition of Long-Term Contracts8false0us-gaap_CashAndCashEquivalentsPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Cash and Cash Equivalents</i>&nbsp;&#8212; Cash and cash equivalents include highly liquid short-term investments with original maturities of three months or less at the date of acquisition. We are dependent on cash repatriations to cover essentially all payments and expenses of our holding company and principal executive offices in Switzerland, to cover cash needs related to our asbestos related liability and other overhead expenses in the U.S.&nbsp;and, at our discretion, the acquisition of our shares under our share repurchase program. Cash and cash equivalents of $824,938 and $772,565 were held by our <font style="white-space: nowrap;" class="_mt">non-U.S.&nbsp;entities</font> as of December&nbsp;31, 2010 and 2009, respectively. These entities require a portion of these funds to support their liquidity and working capital needs, as well as to comply with required minimum capitalization requirements and, in some cases, contractual restrictions. Accordingly, a portion of these funds may not be readily available for repatriation to our entities in Switzerland or the U.S. </div></div> </div>Cash and Cash Equivalents&nbsp;&#8212; Cash and cash equivalents include highly liquid short-term investments with original maturities of three months or lessfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringA description of a company's cash and cash equivalents accounting policy. An entity shall disclose its policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. In addition, cash equivalents include short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. For a bank, may include explanation and amount of requirement to maintain reserves against deposits.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Financial Reporting Release (FRR) -Number 203 -Paragraph 02-03 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 8, 9, 10 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Technical Practice Aid (TPA) -Number 2110 -Paragraph 6 falsefalseCash and Cash Equivalents9false0us-gaap_ReceivablesPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Trade Accounts Receivable</i>&nbsp;&#8212; Trade accounts receivable represent amounts billed to customers. In accordance with terms under our long-term contracts, our customers may withhold certain percentages of such billings until completion and acceptance of the work performed, which we refer to as retention receivables. Final payment of retention receivables might not be received within a one-year period. In conformity with industry practice, however, the full amount of accounts receivable, including such amounts withheld, are included in current assets on the consolidated balance sheet. Please see Note&nbsp;3 for more detailed information regarding our retention receivable balances. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Trade accounts receivable are continually evaluated for collectibility. Provisions are established on a project-specific basis when there is an issue associated with the client's ability to make payments or there are circumstances where the client is not making payment due to contractual issues. </div></div> </div>Trade Accounts Receivable&nbsp;&#8212; Trade accounts receivable represent amounts billed to customers. In accordance with terms under our long-term contracts,falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3-5 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 114 -Paragraph 20 -Subparagraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 92-5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 falsefalseTrade Accounts Receivable10false0us-gaap_LongTermContractsOrProgramsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Contracts in Process and Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts&nbsp;</i>&#8212;&nbsp;Under long-term contracts, amounts recorded in contracts in process and billings in excess of costs and estimated earnings on uncompleted contracts may not be realized or paid, respectively, within a one-year period. In conformity with relevant industry accounting standards, however, the full amount of contracts in process and billings in excess of costs and estimated earnings on uncompleted contracts is included in current assets and current liabilities, respectively on the consolidated balance sheet. </div></div> </div>Contracts in Process and Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts&nbsp;&#8212;&nbsp;Under long-term contracts, amountsfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used for the entire long-term contracts or programs disclosure as a single block of text.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 45 -Paragraph 12, 15, 16 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 81-1 -Paragraph 94 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 11 -Section A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 6 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 11 -Section B Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 11 -Section C falsefalseContracts in Process and Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts11false0us-gaap_InventoryPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Inventories</i>&nbsp;&#8212; Inventories, principally materials and supplies, are stated at the lower of cost or market, determined primarily on the average-cost method. We had inventories of $11,255 and $9,636 as of December&nbsp;31, 2010 and 2009, respectively. Such amounts are recorded within other current assets on the consolidated balance sheet. </div></div> </div>Inventories&nbsp;&#8212; Inventories, principally materials and supplies, are stated at the lower of cost or market, determined primarily on the average-costfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policies covering its major classes of inventories, bases of stating inventories (for example lower of cost or market), methods by which amounts are added and removed from inventory classes (for example FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this description includes the nature of the cost elements included in inventory.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Financial Reporting Release (FRR) -Number 206 -Chapter 2 -Paragraph b -Subparagraph i, ii Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 4 -Paragraph 3, 5-10, 15, 16, 17 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 3 -Section A -Paragraph 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 81-1 -Paragraph 69-75 falsefalseInventories12false0us-gaap_PropertyPlantAndEquipmentPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <br /> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Land, Buildings and Equipment</i>&nbsp;&#8212; Depreciation is computed on a straight-line basis using estimated lives ranging from 10 to 50&nbsp;years for buildings and from 3 to 35&nbsp;years for equipment. Depreciation expense is allocated to cost of operating revenues or selling, general and administrative expenses based on the manner in which the underlying assets are deployed. Expenditures for maintenance and repairs are charged to expense as incurred. Renewals and betterments are capitalized. Upon retirement or other disposition of fixed assets, the cost and related accumulated depreciation are removed from the accounts and the resulting gains or losses, if any, are reflected in earnings. </div></div> </div>Land, Buildings and Equipment&nbsp;&#8212; Depreciation is computed on a straight-line basis using estimated lives ranging from 10 to 50&nbsp;years forfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for property, plant and equipment which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 9 -Section C -Paragraph 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 22 -Paragraph 12, 13 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 34 -Paragraph 8, 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph a -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -Subparagraph d falsefalseLand, Buildings and Equipment13false0fwlt_RestrictedCashTextblockfwltfalsenadurationRestricted Cash Textblockfalsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Restricted Cash</i>&nbsp;&#8212; The following table details our restricted cash balances held by our entities: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="font-size: 1pt;" valign="bottom"><td width="46%">&nbsp;</td> <td width="2%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="5%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="3%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="5%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="5%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="2%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="5%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><b>December&nbsp;31, 2010</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><b>December&nbsp;31, 2009</b> </td> <td>&nbsp; </td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Non-U.S.</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>U.S.</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Total</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Non-U.S.</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>U.S.</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Total</b> </td> <td>&nbsp; </td></tr> <tr style="line-height: 3pt; font-size: 1pt;"><td>&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Held by special-purpose entities and restricted for debt service payments </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">6,685 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">269 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">6,954 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">15,613 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">267 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">15,880 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Held to collateralize letters of credit and bank guarantees </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">9,720 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&#8212; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">9,720 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">5,280 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&#8212; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">5,280 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Client dedicated accounts </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">8,140 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">2,688 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">10,828 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">13,340 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">405 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">13,745 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" nowrap="nowrap" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Total </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">24,545 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">2,957 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">27,502 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">34,233 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">672 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">34,905 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td></tr></table> <div style="text-indent: 0px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div></div> </div>Restricted Cash&nbsp;&#8212; The following table details our restricted cash balances held by our entities:falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringRestricted Cash TextblockNo authoritative reference available.falsefalseRestricted Cash14false0fwlt_InvestmentsInAndAdvanceToUnconsolidatedSubsidiariesPolicyTextBlockfwltfalsenadurationThis element describes an entity's application of the equity method of accounting to investments in common stock or other...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Investments in and Advances to Unconsolidated Affiliates</i>&nbsp;&#8212; We use the equity method of accounting for affiliates in which our investment ownership ranges from 20% to 50% unless significant economic or governance considerations indicate that we are unable to exert significant influence in which case the cost method is used. The equity method is also used for affiliates in which our investment ownership is greater than 50% but we do not have a controlling interest. Currently, all of our investments in affiliates in which our investment ownership is 20% or greater and that are not consolidated are recorded using the equity method. Affiliates in which our investment ownership is less than 20% are carried at cost. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div></div> </div>Investments in and Advances to Unconsolidated Affiliates&nbsp;&#8212; We use the equity method of accounting for affiliates in which our investment ownershipfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element describes an entity's application of the equity method of accounting to investments in common stock or other interests including unconsolidated domestic subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. Additionally, this element describes the entity's application of the cost method of accounting for investments or other interests that are not consolidated or accounted for under the equity method of accounting.No authoritative reference available.falsefalseInvestments in and Advances to Unconsolidated Affiliates15false0fwlt_ConsolidationVariableInterestEntityPolicyTextBlockfwltfalsenadurationDescribes an entity's accounting policy regarding its principles of consolidation for variable interest entities.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Variable Interest Entities</i>&nbsp;&#8212; We sometimes form separate legal entities such as corporations, partnerships and limited liability companies in connection with the execution of a single contract or project. Upon formation of each separate legal entity, we perform an evaluation to determine whether the new entity is a VIE, and whether we are the primary beneficiary of the new entity, which would require us to consolidate the new entity in our financial results. We reassess our initial determination on whether the entity is a VIE upon the occurrence of certain events and whether we are the primary beneficiary as outlined in current accounting guidelines. If the entity is not a VIE, we determine the accounting for the entity under the voting interest accounting guidelines. </div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">An entity is determined to be a VIE if either (a)&nbsp;the total equity investment is not sufficient for the entity to finance its own activities without additional subordinated financial support, (b)&nbsp;characteristics of a controlling financial interest are missing (such as the ability to make decisions through voting or other rights or the obligation to absorb losses or the right to receive benefits), or (c)&nbsp;the voting rights of the equity holders are not proportional to their obligations to absorb losses of the entity <font style="white-space: nowrap;" class="_mt">and/or</font> their rights to receive benefits of the entity, and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">As of December&nbsp;31, 2010, we participated in certain entities determined to be VIEs, including a gas-fired cogeneration facility in Martinez, California, a <font style="white-space: nowrap;" class="_mt">waste-to-energy</font> facility in Camden, New Jersey and a refinery/electric power generation project in Chile. We consolidate the operations of both the Martinez and Camden projects while we record our participation in the Chile based project on the equity method of accounting. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Please see Note&nbsp;5 for further information regarding our participation in these projects. </div></div></div></div> </div>Variable Interest Entities&nbsp;&#8212; We sometimes form separate legal entities such as corporations, partnerships and limited liability companies infalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy regarding its principles of consolidation for variable interest entities.No authoritative reference available.falsefalseVariable Interest Entities16false0us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Goodwill and Other Intangible Assets</i>&nbsp;&#8212; Goodwill is allocated to our reporting units on a relative fair value basis at the time of the original purchase price allocation. Other intangible assets consist principally of patents, trademarks, customer relationships, pipeline, and backlog. Patents and trademarks are amortized on a straight-line basis over periods of 3 to 40&nbsp;years. Customer relationships, pipeline and backlog are amortized on a straight-line basis over periods of 1 to 13&nbsp;years. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">We test goodwill for impairment at the reporting unit level, which is defined as the components one level below our operating segments, as these components constitute businesses for which discrete financial information is available and segment management regularly reviews the operating results of those components. Presently, goodwill exists in two of our reporting units - one within our Global Power Group business segment and one within our Global E&amp;C Group business segment. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">The goodwill impairment test is a two-step process. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value exceeds the carrying amount, goodwill is not considered impaired. If the carrying amount exceeds the fair value, the second step must be performed to measure the amount of the impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. In the fourth quarter of each fiscal year, we evaluate goodwill at each reporting unit to assess recoverability, and impairments, if any, are recognized in earnings. An impairment loss would be recognized in an amount equal to the excess of the carrying amount of the goodwill over the implied fair value of the goodwill. As of December&nbsp;31, 2010 and 2009, the estimated fair value of each of the reporting units was sufficiently in excess of its carrying values even after conducting various sensitivity analyses on key assumptions, such that no adjustment to the carrying values of goodwill was required. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Intangible assets with determinable useful lives are amortized over their respective estimated useful lives and reviewed for impairment together with other tangible long-lived assets whenever events or circumstances indicate that an impairment may exist. </div></div> </div>Goodwill and Other Intangible Assets&nbsp;&#8212; Goodwill is allocated to our reporting units on a relative fair value basis at the time of the originalfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 7-18, 22 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 4, 11-23, 26, 34 falsefalseGoodwill and Other Intangible Assets17false0us-gaap_IncomeTaxPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Income Taxes</i>&nbsp;&#8212; Deferred tax assets/liabilities are established for the difference between the financial reporting and income tax basis of assets and liabilities, as well as for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. In evaluating our ability to realize our deferred tax assets within the various tax jurisdictions in which they arise, we consider all <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 0px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">available positive and negative evidence, including scheduled reversals of taxable temporary differences, projected future taxable income, tax planning strategies and recent financial performance. Projecting future taxable income requires significant assumptions about future operating results, as well as the timing and character of taxable income in numerous jurisdictions. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">We do not make a provision for incremental income taxes on subsidiary earnings, which have been retained in the subsidiary's country of domicile, if we expect such earnings to be indefinitely reinvested in that jurisdiction. Unremitted earnings of our subsidiaries, that have been, or are intended to be, permanently reinvested (and for which no incremental income tax has been provided) aggregated $383,800 as of December&nbsp;31, 2010. It is not practicable to estimate the additional tax that would be incurred, if any, if these amounts were repatriated. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">We recognize interest accrued on the potential tax liability related to unrecognized tax benefits in interest expense, and we recognize any potential penalties in other deductions, net on our consolidated statement of operations. </div></div></div></div> </div>Income Taxes&nbsp;&#8212; Deferred tax assets/liabilities are established for the difference between the financial reporting and income tax basis of assets andfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 4 -Paragraph 11 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 20 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 6-34, 43, 47, 49 falsefalseIncome Taxes18false0us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Foreign Currency</i>&nbsp;&#8212; The functional currency of Foster Wheeler AG is the U.S.&nbsp;dollar. The functional currency of our <font style="white-space: nowrap;" class="_mt">non-U.S.&nbsp;operations</font> is typically the local currency of their country of domicile. Assets and liabilities of <font style="white-space: nowrap;" class="_mt">non-U.S.&nbsp;entities</font> are translated into U.S.&nbsp;dollars, our reporting currency, at period-end exchange rates with the resulting translation adjustment recorded as a separate component within accumulated other comprehensive loss. Income and expense accounts and cash flows are translated at weighted-average exchange rates for the period. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in other deductions, net on our consolidated statement of operations. The net balance of our foreign currency transaction gains and losses for fiscal years 2010, 2009 and 2008 were as follows: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="font-size: 1pt;" valign="bottom"><td width="75%">&nbsp;</td> <td width="2%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="4%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="2%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="5%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><b>Fiscal Years</b> </td> <td>&nbsp; </td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2010</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2009</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2008</b> </td> <td>&nbsp; </td></tr> <tr style="line-height: 3pt; font-size: 1pt;"><td>&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Net foreign currency transaction gains/(losses) </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">(5,778 </td> <td valign="bottom" nowrap="nowrap" align="left">) </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">979 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">(16,543 </td> <td valign="bottom" nowrap="nowrap" align="left">) </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Net foreign currency transaction gains/(losses), net of tax </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">(4,367 </td> <td valign="bottom" nowrap="nowrap" align="left">) </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">780 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">(10,753 </td> <td valign="bottom" nowrap="nowrap" align="left">) </td></tr></table></div> </div>Foreign Currency&nbsp;&#8212; The functional currency of Foster Wheeler AG is the U.S.&nbsp;dollar. The functional currency of our non-U.S.&nbsp;operations isfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes a reporting enterprise's accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 52 -Paragraph 5, 7-20, 80 falsefalseForeign Currency19false0fwlt_FairValueOfFinancialInstrumentsPolicyTextBlockfwltfalsenadurationDescribes an entity's accounting policy for determining the fair value of its financial instruments.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Fair Value Measurements</i>&nbsp;&#8212; Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial Accounting Standards Board Accounting Standards Codification, or FASB ASC, <font style="white-space: nowrap;" class="_mt">820-10</font> defines fair value, establishes a fair value hierarchy that prioritizes the inputs used to measure fair value and provides guidance on required disclosures about fair value measurements. The fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Our financial assets and liabilities that are recorded at fair value on a recurring basis consist primarily of the assets or liabilities arising from derivative financial instruments and defined benefit pension plan assets. See Note&nbsp;10 for further information regarding our derivative financial instruments and Note&nbsp;8 for further information regarding our defined benefit pension plan assets.&nbsp; </div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate fair value: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><u>Financial instruments valued independent of the fair value hierarchy: </u></div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="4%"> </td> <td width="2%"> </td> <td width="94%"> </td></tr> <tr style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td>&nbsp;</td> <td>&bull;&nbsp; </td> <td align="left">Cash, Cash Equivalents and Restricted Cash&nbsp;&#8212; The carrying value of our cash, cash equivalents and restricted cash approximates fair value because of the demand nature of many of our deposits or short-term maturity of these instruments. </td></tr></table> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><u>Financial instruments valued within the fair value hierarchy: </u></div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="4%"> </td> <td width="2%"> </td> <td width="94%"> </td></tr> <tr style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td>&nbsp;</td> <td>&bull;&nbsp; </td> <td align="left">Long-term Debt&nbsp;&#8212; We estimate the fair value of our long-term debt (including current installments) based on the quoted market prices for the same or similar issues or on the current rates offered for debt of the same remaining maturities using level&nbsp;2 inputs. </td></tr> <tr style="line-height: 6pt; font-size: 1pt;"><td>&nbsp;</td></tr> <tr style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td>&nbsp;</td> <td>&bull;&nbsp; </td> <td align="left">Foreign Currency Forward Contracts&nbsp;&#8212; We estimate the fair value of foreign currency forward contracts by obtaining quotes from financial institutions or market transactions in either the listed or <font style="white-space: nowrap;" class="_mt">over-the-counter</font> markets, which we further corroborate with observable market data using level&nbsp;2 inputs. </td></tr> <tr style="line-height: 6pt; font-size: 1pt;"><td>&nbsp;</td></tr> <tr style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td>&nbsp;</td> <td>&bull;&nbsp; </td> <td align="left">Interest Rate Swaps&nbsp;&#8212; We estimate the fair value of our interest rate swaps based on quotes obtained from financial institutions, which we further corroborate with observable market data using level&nbsp;2 inputs. </td></tr> <tr style="line-height: 6pt; font-size: 1pt;"><td>&nbsp;</td></tr> <tr style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td>&nbsp;</td> <td>&bull;&nbsp; </td> <td align="left">Defined Benefit Pension Plan Assets&nbsp;&#8212; In accordance with current accounting guidance, our valuations include the use of net asset values for commingled fund assets. For other defined benefit pension plan assets, we estimate the fair value at each fiscal year end based on quotes obtained from financial institutions. We further corroborate the above valuations with observable market data using level&nbsp;1 and 2 inputs. </td></tr></table></div><br /></div></div> </div>Fair Value Measurements&nbsp;&#8212; Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderlyfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for determining the fair value of its financial instruments.No authoritative reference available.falsefalseFair Value Measurements20false0us-gaap_LegalCostsPolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>External Legal Fees</i>&nbsp;&#8212; External legal fees are expensed as incurred and recorded in other deductions, net on our consolidated statement of operations with the exception of external legal fees associated with asbestos defense costs (please refer to Note&nbsp;16 for further information related to our accounting for asbestos defense costs). We incurred external legal fees, excluding asbestos defense costs, of $17,800, $16,400, and $23,100 for fiscal years 2010, 2009 and 2008, respectively, which include external legal fees related to project claims. </div></div> </div>External Legal Fees&nbsp;&#8212; External legal fees are expensed as incurred and recorded in other deductions, net on our consolidated statement of operationsfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes an entity's accounting policy for legal costs incurred to protect or defend the entity's assets and rights, or to obtain assets, including monetary damages, or to obtain rights.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 22 -Paragraph 8 falsefalseExternal Legal Fees21false0fwlt_RestrictionsOnShareholdersDividendsPolicyTextBlockfwltfalsenadurationTerms of restrictions on declaring cash dividends under credit agreement.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Restrictions on Shareholders' Dividends</i>&nbsp;&#8212; We have not declared or paid a cash dividend since July 2001 and we do not have any plans to declare or pay any cash dividends. Our current U.S.&nbsp;senior secured credit agreement contains limitations on cash dividend payments.</div></div> </div>Restrictions on Shareholders' Dividends&nbsp;&#8212; We have not declared or paid a cash dividend since July 2001 and we do not have any plans to declare orfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringTerms of restrictions on declaring cash dividends under credit agreement.No authoritative reference available.falsefalseRestrictions on Shareholders' Dividends22false0fwlt_RetirementOfRegisteredSharesUnderRegisteredShareRepurchaseProgramPolicyTextBlockfwltfalsenadurationTerms of restrictions on declaring cash dividends under credit agreement.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Retirement of Shares under Share Repurchase Program</i>&nbsp;&#8212; On September&nbsp;12, 2008, we announced a share repurchase program pursuant to which our Board of Directors authorized the repurchase of up to $750,000 of our outstanding shares and the designation of the repurchased shares for cancellation. On November&nbsp;4, 2010, our Board of Directors proposed an increase to our share repurchase program of $335,000 and the designation of the repurchased shares for cancellation, which was approved by our shareholders at an extraordinary general meeting on February&nbsp;24, 2011. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Under Swiss law, the cancellation of shares previously repurchased under our share repurchase program must be approved by our shareholders. Repurchased shares remain as treasury shares on our balance sheet until cancellation. We expect to seek specific shareholder approval for the cancellation of all treasury shares as of December&nbsp;31, 2010 and amend our Articles of Association to reduce our share capital accordingly at our 2011 annual general meeting of shareholders. Based on the aggregate share repurchases under our program <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 0px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">through December&nbsp;31, 2010, we are authorized to repurchase up to an additional $500,591 of our outstanding shares. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Any repurchases will be made at our discretion in compliance with applicable securities laws and other legal requirements and will depend on a variety of factors, including market conditions, share price and other factors. The program does not obligate us to acquire any particular number of shares. The program has no expiration date and may be suspended or discontinued at any time. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">All treasury shares are carried at cost on the consolidated balance sheet until the cancellation of the shares has been approved by our shareholders and the cancellation is registered with the commercial register of the Canton of Zug in Switzerland. Upon the effectiveness of the cancellation of the shares, the cost of the shares cancelled will be removed from treasury shares, on the consolidated balance sheet, the par value of the cancelled shares will be removed from registered shares, on the consolidated balance sheet, and the excess of the cost of the treasury shares above par value will be removed from paid-in capital, on the consolidated balance sheet. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Once repurchased, treasury shares are no longer considered outstanding, which results in a reduction to the weighted-average number of shares outstanding during the reporting period when calculating earnings per share, as described below. </div></div></div></div> </div>Retirement of Shares under Share Repurchase Program&nbsp;&#8212; On September&nbsp;12, 2008, we announced a share repurchase program pursuant to which ourfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringTerms of restrictions on declaring cash dividends under credit agreement.No authoritative reference available.falsefalseRetirement of Shares Under Share Repurchase Program23false0us-gaap_EarningsPerSharePolicyTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div style="width: 87%; margin-left: 6%;"> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"><i>Earnings per Share</i>&nbsp;&#8212; Basic earnings per share is computed by dividing net income attributable to Foster Wheeler AG by the weighted-average number of shares outstanding during the reporting period, excluding non-vested restricted shares. There were no non-vested restricted shares as of December&nbsp;31, 2010 and December&nbsp;31, 2009, and 82,980 non-vested restricted shares as of December&nbsp;26, 2008. Restricted shares and restricted share units (collectively, "restricted awards") are included in the weighted-average number of shares outstanding when such restricted awards vest. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">Diluted earnings per share is computed by dividing net income attributable to Foster Wheeler AG by the combination of the weighted-average number of shares outstanding during the reporting period and the impact of dilutive securities, if any, such as outstanding stock options, warrants to purchase shares and the non-vested portion of restricted awards to the extent such securities are dilutive. Our previously outstanding warrants are included in the earnings per share calculation for fiscal years 2009 and 2008. The remaining warrants expired on October&nbsp;2, 2009. </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">In profitable periods, outstanding stock options and warrants have a dilutive effect under the treasury stock method when the average share price for the period exceeds the assumed proceeds from the exercise of the option or warrant. The assumed proceeds include the exercise price, compensation cost, if any, for future service that has not yet been recognized in the consolidated statement of operations, and any tax benefits that would be recorded in paid-in capital when the option or warrant is exercised. Under the treasury stock method, the assumed proceeds are assumed to be used to repurchase shares in the current period. The dilutive impact of the non-vested portion of restricted awards is determined using the treasury stock method, but the proceeds include only the unrecognized compensation cost and tax benefits as assumed proceeds. </div></div> <p> </p> <p> </p> <p> </p> <p> </p> <div style="width: 87%; margin-left: 6%;"> <div style="margin-top: 18pt; font-size: 1pt;"><strong><font size="2" class="_mt"> </font></strong>&nbsp;</div> <div style="font-family: Arial, Helvetica; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> </div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">The computations of basic and diluted earnings per share were as follows: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="font-size: 1pt;" valign="bottom"><td width="53%">&nbsp;</td> <td width="2%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="11%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="11%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="11%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><b>Fiscal Years</b> </td> <td>&nbsp; </td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2010</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2009</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2008</b> </td> <td>&nbsp; </td></tr> <tr style="line-height: 3pt; font-size: 1pt;"><td>&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;"><b>Basic earnings per share:</b> </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Net income attributable to Foster Wheeler AG </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">215,407</td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">350,156 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">526,620 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Weighted-average number of shares outstanding for basic earnings per share </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">126,032,130 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">126,541,962 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">141,149,590 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Basic earnings per share </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">1.71 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">2.77 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">3.73 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;"><b>Diluted earnings per share:</b> </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Net income attributable to Foster Wheeler AG </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">215,407</td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">350,156 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">526,620 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Weighted-average number of shares outstanding for basic earnings per share </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">126,032,130 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">126,541,962 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">141,149,590 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Effect of dilutive securities: </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 20pt;">Options to purchase shares </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">236,363 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">124,602 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">1,228,170 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 20pt;">Warrants to purchase shares </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">&#8212; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">355,472 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">574,591 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 20pt;">Non-vested portion of restricted awards </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">308,362 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">152,575 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">151,679 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td></tr> <tr valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Weighted-average number of shares outstanding for diluted earnings per share </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">126,576,855 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">127,174,611 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">143,104,030 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td style="border-top: #000000 1px solid;">&nbsp; </td> <td>&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Diluted earnings per share </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">1.70 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">2.75 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">$ </td> <td valign="bottom" nowrap="nowrap" align="right">3.68 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr> <tr style="font-size: 1pt;" valign="bottom"><td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td style="border-top: #000000 3px double;">&nbsp; </td> <td>&nbsp; </td></tr></table> <div style="text-indent: 0px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left"> </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <div style="text-indent: 20px; font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; margin-left: 0%; font-size: 10pt; margin-right: 0%;" align="left">The following table summarizes options not included in the calculation of diluted earnings per share as the exercise price of those options was greater than the average share price for the period, which would result in an antidilutive effect on diluted earnings per share: </div> <div style="margin-top: 6pt; font-size: 1pt;">&nbsp;</div> <table style="font-family: 'Times New Roman', Times; background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="font-size: 1pt;" valign="bottom"><td width="67%">&nbsp;</td> <td width="2%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="7%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="7%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%" align="right">&nbsp;</td> <td width="5%" align="right">&nbsp;</td> <td width="1%" align="left">&nbsp;</td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center"><b>Fiscal Years</b> </td> <td>&nbsp; </td></tr> <tr style="font-size: 8pt;" valign="bottom" align="center"><td valign="bottom" nowrap="nowrap" align="center">&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2010</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2009</b> </td> <td>&nbsp; </td> <td>&nbsp; </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>2008</b> </td> <td>&nbsp; </td></tr> <tr style="line-height: 3pt; font-size: 1pt;"><td>&nbsp; </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="bottom" align="left"> <div style="text-indent: -10pt; margin-left: 10pt;">Options not included in the computation of diluted earnings per share </div></td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">2,141,454 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">2,802,193 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td>&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td> <td valign="bottom" nowrap="nowrap" align="right">522,566 </td> <td valign="bottom" nowrap="nowrap" align="left">&nbsp; </td></tr></table></div> </div>Earnings per Share&nbsp;&#8212; Basic earnings per share is computed by dividing net income attributable to Foster Wheeler AG by the weighted-average number offalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDiscloses the methodology and assumptions used to compute basic and diluted earnings (loss) per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 6, 8-16, 60 falsefalseEarnings per Share122Summary of Significant Accounting Policies (Policy)UnKnownUnKnownUnKnownUnKnownfalsetrue