0001628280-21-015977 | 10-Q | XBRL Viewer

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Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2021	Jul. 30, 2021
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	1-16129
Entity Registrant Name	FLUOR CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0927079
Entity Address, Address Line One	6700 Las Colinas Boulevard
Entity Address, City or Town	Irving,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75039
City Area Code	469
Local Phone Number	398-7000
Title of 12(b) Security	Common Stock, $.01 par value per share
Trading Symbol	FLR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		141,416,214
Entity Central Index Key	0001124198
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 3,236,407	$ 3,734,942	$ 6,174,933	$ 7,432,636
Cost of revenue	3,176,942	3,656,048	6,022,691	7,289,895
Gross profit	59,465	78,894	152,242	142,741
General and administrative expense	(31,474)	(42,598)	(97,068)	(76,156)
Impairment, restructuring and other exit costs	0	(3,824)	(26,392)	(106,189)
Foreign currency gain (loss)	(30,386)	798	(41,656)	45,960
Operating profit	(2,395)	33,270	(12,874)	6,356
Interest expense	(15,217)	(15,707)	(35,941)	(32,258)
Interest income	4,409	5,294	8,057	17,218
Earnings (loss) from Cont Ops before taxes	(13,203)	22,857	(40,758)	(8,684)
Income tax expense (benefit)	1,228	31,359	1,826	(30,922)
Net earnings (loss) from Cont Ops	(14,431)	(8,502)	(42,584)	22,238
Less: Net earnings (loss) from Cont Ops attributable to NCI	(7,763)	6,418	25,056	15,550
Net earnings (loss) from Cont Ops attributable to Fluor	(6,668)	(14,920)	(67,640)	6,688
Net earnings (loss) from Disc Ops attributable to Fluor	(107,777)	(10,070)	(133,829)	(297,637)
Net earnings (loss) attributable to Fluor	(114,445)	(24,990)	(201,469)	(290,949)
Less: Dividends on convertible preferred stock	4,875	0	4,875	0
Net earnings (loss) available to Fluor common stockholders	$ (119,320)	$ (24,990)	$ (206,344)	$ (290,949)
Basic EPS available to Fluor common stockholders
Earnings (loss) from Cont Ops (in dollars per share)	$ (0.08)	$ (0.11)	$ (0.51)	$ 0.05
Earnings (loss) from Disc Ops, net of taxes (in dollars per share)	(0.76)	(0.07)	(0.95)	(2.12)
Diluted EPS available to Fluor common stockholders
Net earnings (loss) from Cont Ops (in dollars per share)	(0.08)	(0.11)	(0.51)	0.05
Net earnings (loss) from Disc Ops (in dollars per share)	$ (0.76)	$ (0.07)	$ (0.95)	$ (2.11)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net earnings (loss) from Cont Ops	$ (14,431)	$ (8,502)	$ (42,584)	$ 22,238
Net earnings (loss) from Disc Ops	(107,479)	(9,760)	(133,238)	(296,950)
Net earnings (loss)	(121,910)	(18,262)	(175,822)	(274,712)
OCI, net of tax:
Foreign currency translation adjustment	(1,279)	31,072	1,420	(80,029)
Ownership share of equity method investees’ OCI	(75)	(10,654)	(2,139)	(18,826)
DB plan adjustments	1,191	955	2,842	2,001
Unrealized gain (loss) on hedges	575	1,765	(2,476)	(3,705)
Total OCI, net of tax	412	23,138	(353)	(100,559)
Comprehensive income (loss)	(121,498)	4,876	(176,175)	(375,271)
Less: Comprehensive income (loss) attributable to NCI	(7,859)	9,149	25,051	14,441
Comprehensive income (loss) attributable to Fluor	$ (113,639)	$ (4,273)	$ (201,226)	$ (389,712)

CONDENSED CONSOLIDATED BALANCE SHEET - UNAUDITED - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents ($635,983 and $654,852 related to VIEs)	$ 2,711,115	$ 2,198,781
Marketable securities ($10,066 and $66 related to VIEs)	31,651	23,345
Accounts receivable, net ($267,451 and $238,376 related to VIEs)	892,261	935,676
Contract assets ($332,401 and $237,923 related to VIEs)	994,890	859,675
Other current assets ($30,139 and $29,408 related to VIEs)	400,369	378,043
Current assets held for sale	895,873	638,489
Total current assets	5,926,159	5,034,009
Noncurrent assets
Property, plant and equipment, net ($47,726 and $34,847 related to VIEs)	448,436	463,827
Investments	597,574	527,416
Deferred taxes	92,191	77,915
Deferred compensation trusts	326,562	350,427
Goodwill	206,987	207,369
Other assets ($39,045 and $40,829 related to VIEs)	258,568	269,610
Noncurrent assets held for sale	0	379,239
Total noncurrent assets	1,930,318	2,275,803
Total assets	7,856,477	7,309,812
Current liabilities
Accounts payable ($289,049 and $328,940 related to VIEs)	1,087,404	1,115,625
Short-term borrowings	4,738	4,890
Contract liabilities ($354,242 and $262,811 related to VIEs)	1,149,532	1,093,761
Accrued salaries, wages and benefits ($29,064 and $28,381 related to VIEs)	515,407	578,827
Other accrued liabilities ($20,190 and $36,646 related to VIEs)	405,175	376,451
Current liabilities related to assets held for sale	572,776	402,483
Total current liabilities	3,735,032	3,572,037
Long-term debt	1,678,740	1,701,098
Deferred taxes	91,908	80,745
Other noncurrent liabilities ($7,780 and $9,164 related to VIEs)	579,403	593,765
Noncurrent liabilities related to assets for sale	0	98,940
Contingencies and commitments
Shareholders’ equity
Preferred stock — authorized 20,000,000 shares ($0.01 par value); issued and outstanding — 600,000 shares in 2021 and none issued in 2020	6	0
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 141,416,214 and 140,715,205 shares in 2021 and 2020, respectively	1,411	1,404
Additional paid-in capital	882,450	195,940
AOCI	(416,663)	(416,906)
Retained earnings	1,048,345	1,249,809
Total shareholders’ equity	1,515,549	1,030,247
NCI	255,845	232,980
Total equity	1,771,394	1,263,227
Total liabilities and equity	$ 7,856,477	$ 7,309,812

CONDENSED CONSOLIDATED BALANCE SHEET - Unaudited (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS, VIEs
Cash and cash equivalents	$ 2,711,115	$ 2,198,781
Marketable securities, current	31,651	23,345
Accounts receivable, net	892,261	935,676
Contract assets	994,890	859,675
Other current assets	400,369	378,043
NONCURRENT ASSETS, VIEs
Property, plant and equipment, net	448,436	463,827
Other assets	258,568	269,610
Liabilities, Current [Abstract]
Accounts payable	1,087,404	1,115,625
Contract liabilities	1,149,532	1,093,761
Accrued salaries, wages and benefits	515,407	578,827
Other accrued liabilities	405,175	376,451
Other noncurrent liabilities	$ 579,403	$ 593,765
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in dollars per share)	600,000	0
Preferred stock share outstanding (in shares)	600,000	0
Common stock shares authorized (in shares)	375,000,000	375,000,000
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares issued (in shares)	141,416,214	140,715,205
Common stock shares outstanding (in shares)	141,416,214	140,715,205
Variable Interest Entity, Primary Beneficiary
CURRENT ASSETS, VIEs
Cash and cash equivalents	$ 635,983	$ 654,852
Marketable securities, current	10,066	66
Accounts receivable, net	267,451	238,376
Contract assets	332,401	237,923
Other current assets	30,139	29,408
NONCURRENT ASSETS, VIEs
Property, plant and equipment, net	47,726	34,847
Other assets	39,045	40,829
Liabilities, Current [Abstract]
Accounts payable	289,049	328,940
Contract liabilities	354,242	262,811
Accrued salaries, wages and benefits	29,064	28,381
Other accrued liabilities	20,190	36,646
Other noncurrent liabilities	$ 7,780	$ 9,164

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
OPERATING CASH FLOW
Net earnings (loss)	$ (175,822)	$ (274,712)
Adjustments to reconcile net earnings (loss) to operating cash flow:
Impairment expense - Cont Ops	26,392	102,365
Impairment expense - Disc Ops	121,476	295,239
Depreciation	42,240	54,540
Amortization of intangibles	555	2,381
(Earnings) loss from equity method investments, net of distributions	(1,990)	1,216
Loss on sale of AMECO-North America	24,864	0
(Gain) loss on sales of assets	(16,610)	8,205
Stock-based compensation	21,327	9,356
Deferred taxes	297	(17,424)
Net retirement plan accrual (contributions)	(11,226)	(7,234)
Changes in assets and liabilities	(183,617)	(116,775)
Operating cash flow	(1,764)	6,931
Operating cash flow	(153,878)	64,088
INVESTING CASH FLOW
Purchases of marketable securities	(31,432)	(12,495)
Proceeds from the sales and maturities of marketable securities	23,202	6,995
Capital expenditures	(46,275)	(58,959)
Proceeds from sales of assets	42,839	24,348
Proceeds from sale of AMECO-North America	71,085	0
Investments in partnerships and joint ventures	(59,829)	(24,022)
Other	375	4,534
Investing cash flow	(35)	(59,599)
FINANCING CASH FLOW
Proceeds from issuance of preferred stock	582,000	0
Purchase and retirement of debt	(4,572)	0
Dividends paid	0	(28,720)
Other borrowings (debt repayments)	(5,922)	20,567
Distributions paid to NCI	(18,177)	(10,831)
Capital contributions by NCI	106,019	39,520
Taxes paid on vested restricted stock	(4,353)	(1,313)
Other	340	(1,435)
Financing cash flow	655,335	17,788
Effect of exchange rate changes on cash	10,912	(49,883)
Increase (decrease) in cash and cash equivalents	512,334	(27,606)
Cash and cash equivalents at beginning of period	2,198,781	1,997,199
Cash and cash equivalents at end of period	$ 2,711,115	$ 1,969,593

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - UNAUDITED - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Total Shareholders' Equity	Total Shareholders' Equity Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interests
Dividends per share (in dollars per share)	$ 0.10
BALANCE, beginning of year (in shares) at Dec. 31, 2019				140,174,000
Balance, beginning of year at Dec. 31, 2019	$ 1,584,092,000	$ (1,977,000)		$ 1,399,000	$ 165,314,000	$ (379,873,000)	$ 1,700,912,000	$ (1,977,000)	$ 1,487,752,000	$ (1,977,000)	$ 96,340,000
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	(274,712,000)						(290,949,000)		(290,949,000)		16,237,000
OCI	(100,559,000)					(98,763,000)			(98,763,000)		(1,796,000)
Dividends ($0.10 per share)	(14,120,000)						(14,120,000)		(14,120,000)
Distributions to NCI	(10,831,000)										(10,831,000)
Capital contributions by NCI	39,520,000										39,520,000
Other NCI transactions	1,438,000				1,736,000				1,736,000		(298,000)
Stock-based plan activity (in shares)				391,000
Stock-based plan activity	8,043,000			$ 4,000	8,039,000				8,043,000
BALANCE, end of year (in shares) at Jun. 30, 2020				140,565,000
Balance, end of year at Jun. 30, 2020	1,230,894,000			$ 1,403,000	175,089,000	(478,636,000)	1,393,866,000		1,091,722,000		139,172,000
BALANCE, beginning of year (in shares) at Mar. 31, 2020				140,533,000
Balance, beginning of year at Mar. 31, 2020	1,210,165,000			$ 1,403,000	170,750,000	(499,353,000)	1,418,845,000		1,091,645,000		118,520,000
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	(18,262,000)						(24,990,000)		(24,990,000)		6,728,000
OCI	23,138,000					20,717,000			20,717,000		2,421,000
Distributions to NCI	(8,080,000)										(8,080,000)
Capital contributions by NCI	19,552,000										19,552,000
Other NCI transactions	1,095,000				1,064,000				1,064,000		31,000
Stock-based plan activity (in shares)				32,000
Stock-based plan activity	3,286,000				3,275,000		11,000		3,286,000
BALANCE, end of year (in shares) at Jun. 30, 2020				140,565,000
Balance, end of year at Jun. 30, 2020	1,230,894,000			$ 1,403,000	175,089,000	(478,636,000)	1,393,866,000		1,091,722,000		139,172,000
BALANCE, beginning of year (in shares) at Dec. 31, 2020			0	140,715,000
Balance, beginning of year at Dec. 31, 2020	1,263,227,000		$ 0	$ 1,404,000	195,940,000	(416,906,000)	1,249,809,000		1,030,247,000		232,980,000
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	(175,822,000)						(201,469,000)		(201,469,000)		25,647,000
OCI	(353,000)					243,000			243,000		(596,000)
Issuance of Series A preferred stock (in shares)			600,000
Issuance of convertible preferred stock	582,000,000		$ 6,000		581,994,000				582,000,000
Distributions to NCI	(18,177,000)										(18,177,000)
Capital contributions by NCI	106,032,000										106,032,000
Other NCI transactions	(2,982,000)				87,059,000				87,059,000		(90,041,000)
Stock-based plan activity (in shares)				701,000
Stock-based plan activity	17,469,000			$ 7,000	17,457,000		5,000		17,469,000
BALANCE, end of year (in shares) at Jun. 30, 2021			600,000	141,416,000
Balance, end of year at Jun. 30, 2021	1,771,394,000		$ 6,000	$ 1,411,000	882,450,000	(416,663,000)	1,048,345,000		1,515,549,000		255,845,000
BALANCE, beginning of year (in shares) at Mar. 31, 2021			0	141,340,000
Balance, beginning of year at Mar. 31, 2021	1,244,657,000		$ 0	$ 1,410,000	236,923,000	(417,469,000)	1,162,790,000		983,654,000		261,003,000
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	(121,910,000)						(114,445,000)		(114,445,000)		(7,465,000)
OCI	412,000					806,000			806,000		(394,000)
Issuance of Series A preferred stock (in shares)			600,000
Issuance of convertible preferred stock	582,000,000		$ 6,000		581,994,000				582,000,000
Distributions to NCI	(9,759,000)										(9,759,000)
Capital contributions by NCI	63,931,000										63,931,000
Other NCI transactions	1,245,000				52,716,000				52,716,000		(51,471,000)
Stock-based plan activity (in shares)				76,000
Stock-based plan activity	10,818,000			$ 1,000	10,817,000				10,818,000
BALANCE, end of year (in shares) at Jun. 30, 2021			600,000	141,416,000
Balance, end of year at Jun. 30, 2021	$ 1,771,394,000		$ 6,000	$ 1,411,000	$ 882,450,000	$ (416,663,000)	$ 1,048,345,000		$ 1,515,549,000		$ 255,845,000

Principles of Consolidation	6 Months Ended
Principles of Consolidation	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation These financial statements do not include footnotes and certain financial information normally presented annually under GAAP, and therefore, should be read in conjunction with our 2020 10-K. Accounting measurements at interim dates inherently involve greater reliance on estimates than at year-end. Although such estimates are based on management’s most recent assessment of the underlying facts and circumstances utilizing the most current information available, our reported results of operations may not necessarily be indicative of results that we expect for the full year. The financial statements included herein are unaudited. In management's opinion, they contain all adjustments of a normal recurring nature which are necessary to present fairly our financial position and our operating results as of and for the interim periods presented. All significant intercompany transactions of consolidated subsidiaries are eliminated. Certain amounts in 2020 have been reclassified to conform to the 2021 presentation, which includes the segregation of Disc Ops and assets and liabilities held for sale. Segment operating information for 2020 has been recast to reflect changes in the composition of our reportable segments during 2021. Certain amounts in tables may not total or agree to the financial statements due to immaterial rounding differences. Management has evaluated all material events occurring subsequent to June 30, 2021 through the filing date of this Q2 2021 10-Q. Quarters are typically 13 weeks in length but, due to our annual period ending on December 31, the number of weeks in a reporting period may vary slightly during the year and for comparable prior year periods. We report our quarterly results of operations based on periods ending on the Sunday nearest March 31, June 30 and September 30, allowing for a 13-week quarter. For clarity of presentation, all periods are presented as if the periods ended on March 31, June 30 and September 30. In the first quarter of 2021, we committed to a plan to sell our Stork business. This plan and our plan to sell the remaining AMECO equipment business remains unchanged. Therefore, both Stork and AMECO are reported as Disc Ops. We expect to complete the sale of Stork and the remaining AMECO operations near the end of this year or early in 2022. The assets and liabilities of the Stork and AMECO businesses are classified as held for sale for all periods presented.

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Jun. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting pronouncements that were implemented by us during the 2021 Period In the first quarter of 2021, we adopted ASU 2020-06, “Accounting for Convertible Instruments and Contracts in an Entity's Own Equity,” which simplifies accounting for convertible instruments and the application of the derivatives scope exception for contracts in our own equity. ASU 2020-06 eliminates two of the three models in the current guidance that require separating embedded conversion features from convertible instruments and also eliminates some of the requirements for equity classification. ASU 2020-06 also addresses how convertible instruments are accounted for in the diluted EPS calculation. The adoption did not have any impact on our financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

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


(in thousands, except per share amounts)	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020

Net earnings (loss) from Cont Ops attributable to Fluor	$	(6,668)	$	(14,920)	$	(67,640)	$	6,688
Less: Dividends on convertible preferred stock	4,875		—		4,875		—
Net earnings (loss) from Cont Ops available to Fluor common stockholders	(11,543)		(14,920)		(72,515)		6,688
Net earnings (loss) from Disc Ops attributable to Fluor	(107,777)		(10,070)		(133,829)		(297,637)
Net earnings (loss) available to Fluor common stockholders	$	(119,320)	$	(24,990)	$	(206,344)	$	(290,949)












Weighted average common shares outstanding	141,374		140,536		141,137		140,399
Diluted effect:
Convertible preferred stock(1)	—		—		—		—
Stock options, RSUs, restricted stock and performance-based award units(1)	—		—		—		411
Weighted average diluted shares outstanding	141,374		140,536		141,137		140,810

Basic EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops	$	(0.08)	$	(0.11)	$	(0.51)	$	0.05
Net earnings (loss) from Disc Ops	(0.76)		(0.07)		(0.95)		(2.12)

Diluted EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops	$	(0.08)	$	(0.11)	$	(0.51)	$	0.05
Net earnings (loss) from Disc Ops	(0.76)		(0.07)		(0.95)		(2.11)


(1) Anti-dilutive securities not included in shares outstanding	14,457		384		8,178		—

Operating Information by Segment and Geographic Area

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Operating Information by Segment and Geographic Area

During the first quarter of 2021, we changed the composition of our segments to implement our new strategy and to pursue opportunities in our designated markets. We now report our operating results as follows: Energy Solutions, Urban Solutions, Mission Solutions and Other. Segment operating information and assets for 2020 have been recast to conform to these changes.

Energy Solutions focuses on energy transition, chemicals, LNG, and traditional oil and gas opportunities. The segment is pursuing new opportunities emerging in the energy transition market including carbon capture, green chemicals, hydrogen, biofuels and other low carbon energy sources. The segment also continues to provide EPC services for the oil, gas and petrochemical industries.

Urban Solutions focuses on mining, metals, advanced technologies, manufacturing, life sciences, infrastructure and professional staffing services.

Mission Solutions focuses on federal agencies across the U.S. government and select international opportunities. These include, among others, the DOE, the Department of Defense, the Federal Emergency Management Agency and intelligence agencies. Mission Solutions includes the Radford and Warren projects which were previously reported in the Other segment.

Other now includes only the operations of NuScale.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2021		2020		2021		2020
Revenue
Energy Solutions	$	1,319.1	$	1,498.0	$	2,310.0	$	2,857.2
Urban Solutions	1,210.2		1,512.5		2,404.5		3,104.8
Mission Solutions	707.1		724.4		1,460.4		1,470.6
Total revenue	$	3,236.4	$	3,734.9	$	6,174.9	$	7,432.6

Segment profit (loss)
Energy Solutions	$	109.2	$	42.7	$	111.4	$	36.8
Urban Solutions	(68.4)		38.5		(38.6)		89.9
Mission Solutions	44.9		9.7		88.6		41.8
Other	(18.5)		(18.5)		(34.2)		(41.3)
Total segment profit (loss)	$	67.2	$	72.4	$	127.2	$	127.2

G&A	(31.5)		(42.6)		(97.1)		(76.2)
Impairment, restructuring and other exit costs	—		(3.8)		(26.4)		(106.2)
Foreign currency gain (loss)	(30.4)		0.8		(41.7)		46.0
Interest income (expense), net	(10.8)		(10.4)		(27.9)		(15.0)
Earnings (loss) from Cont Ops attributable to NCI	(7.7)		6.4		25.1		15.5
Earnings (loss) from Cont Ops before taxes	$	(13.2)	$	22.8	$	(40.8)	$	(8.7)

Energy Solutions. Segment profit for the 2021 Quarter and 2021 Period benefitted from the negotiation of change orders, scope increases and cost improvements across numerous projects. Both periods also benefitted from the collection of previously reserved accounts receivable and the reversal of the related provision. The increases in 2021 were partially offset by losses on embedded foreign currency derivatives. Segment profit for the 2020 Period was adversely affected by the recognition of reserves for expected credit losses on aged receivables and COVID-19 related cost growth.

Urban Solutions. Segment profit for the 2021 Quarter and 2021 Period included a project charge of $138 million (or $0.72 per share) for procurement and subcontractor cost growth, delays and disruptions in the schedule of a legacy infrastructure project. We believe that these cost growth factors may be at least partially recoverable under the contract. However, we expect that it will require several quarters to analyze recoverability and negotiate with our client before recognizing incremental revenue for these factors. The decline in segment profit in the 2021 Period was partially offset by the favorable resolution of a long-standing customer dispute on a rail project. We also sold our interest in an infrastructure joint venture and recognized a gain of $20 million during the 2021 Quarter and 2021 Period. Intercompany revenue for our professional staffing business, excluded from the amounts shown above, was $69 million and $139 million for the 2021 Quarter and 2021 Period, respectively, and $62 million and $139 million for the 2020 Quarter and 2020 Period, respectively.

Mission Solutions. Segment profit for the 2021 Quarter and 2021 Period benefitted from increased execution activity on our DOE projects, higher than anticipated performance-based fees and the release of COVID-19 cost reserves, partially offset by a decline in execution activity on army logistics and life support programs in Afghanistan and Africa.

Other. During the 2021 Period, JGC Holdings Corporation, GS Energy and IHI Corporation invested a combined $100 million in NuScale. Fluor and its advisors continue to engage with potential investors and capital providers to fund NuScale's path to commercialization.

NuScale expenses included in the determination of segment loss were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2021		2020		2021		2020
NuScale expenses	$	(34.8)	$	(39.1)	$	(65.9)	$	(74.6)
Less: Reimbursable expenses	16.3		20.6		31.7		33.3
Segment loss	$	(18.5)	$	(18.5)	$	(34.2)	$	(41.3)

Total assets by segment are as follows:


(in millions)	June 30, 2021		December 31, 2020
Energy Solutions	$	1,118.5	$	1,010.9
Urban Solutions	1,204.9		1,122.5
Mission Solutions	548.9		575.8
Other	35.6		37.8

Revenue by project location follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2021		2020		2021		2020
North America	$	2,065.4	$	2,429.3	$	4,037.1	$	4,757.8
Asia Pacific (includes Australia)	409.5		342.7		746.1		651.4
Europe	379.1		623.1		634.0		1,100.0
Central and South America	301.0		210.5		565.7		634.2
Middle East and Africa	81.4		129.3		192.0		289.2
Total revenue	$	3,236.4	$	3,734.9	$	6,174.9	$	7,432.6

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Impairment, Restructuring and Other Exit Costs

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Impairment, Restructuring and Other Exit Costs

Impairment

We did not recognize any impairment expense in Cont Ops during the 2021 and 2020 Quarters. Impairment expense, included in Cont Ops, for the 2021 and 2020 Periods is summarized as follows:


	Six Months Ended June 30,
(in thousands)		2021		2020
Impairment expense:
Energy Solutions' equity method investment		$	26,392	$	86,096
Information technology assets		—		16,269
Total impairment expense		$	26,392	$	102,365

Our business has been adversely affected by the economic impacts of the outbreak of COVID-19 and the steep decline in oil prices that occurred in the early part of 2020. These events have created significant uncertainty and economic volatility and disruption, which have impacted and may continue to impact our business. We have experienced, and may continue to experience, reductions in demand for certain of our services and the delay or abandonment of ongoing or anticipated projects due to our clients’, suppliers’ and other third parties’ diminished financial condition or financial distress, as well as governmental budget constraints. These impacts may continue or worsen under prolonged stay-at-home, social distancing, travel restrictions and other similar orders or restrictions. Significant uncertainty still exists concerning the magnitude of the

impact and duration of these events, as well as our potential to make recovery from our clients pursuant to the contract and under rule of law. Because of these events, we performed interim impairment testing of our goodwill, intangible assets and investments during the 2020 Period, pursuant to which we recognized the impairment expense on an equity method investment and IT assets. We also recognized impairment expense on goodwill and intangible assets associated with the Stork business, now included in Disc Ops.

The valuation of our equity method investments utilized unobservable Level 3 inputs based on the investee's forecast of anticipated volumes and overhead absorption in a cyclical business.

Restructuring and Other Exit Costs

During 2019, we initiated a restructuring plan designed to optimize costs and improve operational efficiency. These efforts primarily relate to the rationalization of resources, investments, real estate and overhead across various geographies. Our recognition of costs for the planned restructuring activities was substantially completed by the end of 2020. Restructuring costs of $4 million, primarily related to severance, were recognized during both the 2020 Quarter and 2020 Period. We did not recognize any material restructuring costs during 2021.

A reconciliation of our restructuring liabilities follows:


(in thousands)	Severance		Lease Exit Costs		Total
Balance as of December 31, 2019	$	30,479	$	564	$	31,043
Restructuring charges accrued during the period	3,720		334		4,054
Cash payments / settlements during the period	(18,858)		(793)		(19,651)
Currency translation	1,140		1		1,141
Balance as of December 31, 2020	$	16,481	$	106	$	16,587
Cash payments / settlements during the period	$	(13,794)	$	—	$	(13,794)
Currency translation	(54)		—		(54)
Balance as of June 30, 2021	$	2,633	$	106	$	2,739

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate on earnings (loss) from Cont Ops was (9.3)% for the 2021 Quarter and (4.5)% for the 2021 Period compared to 137.2% and 356.1% for the corresponding periods of 2020. The effective tax rate in 2021 was unfavorably impacted by the increase in the valuation allowances against foreign tax credit carryforwards and certain foreign losses. This 2021 unfavorable impact was partially offset by favorable foreign tax differential. The effective tax rate in the 2020 Period was favorably impacted by the release of valuation allowances and rate benefits resulting from the carryback of our 2019 federal net operating loss as allowed by the CARES Act. This benefit was partially offset by an increase in the valuation allowance against foreign tax credit carryforwards and certain foreign losses, as well as a small addition to uncertain tax benefits. Earnings attributable to non-controlling interests from continuing operations, for which income taxes are not typically our responsibility, favorably impacted the effective tax rate for the 2021 Period.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Cash Paid for Interest and Taxes

6 Months Ended

Jun. 30, 2021

Supplemental Cash Flow Information [Abstract]

Cash Paid for Interest and Taxes


	Six Months Ended June 30,
(in thousands)	2021		2020
Cash paid for:
Interest	$	42,074	$	38,361
Income taxes (net of refunds)	68,200		31,649

Partnerships and Joint Ventures	6 Months Ended
Partnerships and Joint Ventures	Jun. 30, 2021
Partnerships and Joint Ventures
Partnerships and Joint Ventures	Partnerships and Joint VenturesIn the normal course of business, we form partnerships or joint ventures primarily for the execution of single contracts or projects. The majority of these partnerships or joint ventures are characterized by a 50 percent or less noncontrolling ownership or participation interest with decision making and distribution of expected gains and losses typically being proportionate to the ownership or participation interest. Many of the partnership and joint venture agreements provide for capital calls to fund operations, as necessary. Accounts receivable related to work performed for unconsolidated partnerships and joint ventures included in “Accounts receivable, net” was $218 million and $207 million as of June 30, 2021 and December 31, 2020, respectively. One of our more significant joint ventures is COOEC Fluor, in which we have a 49% ownership interest. COOEC Fluor owns, operates and manages the Zhuhai Fabrication Yard in China’s Guangdong province. We made a capital contribution of $26 million to the joint venture during the first quarter of 2021, which satisfied our contractual funding requirements. During the 2021 Quarter, we sold our 10% ownership interest in an infrastructure joint venture and recognized a gain of $20 million, which was included in Urban Solutions' segment profit. During the 2020 Quarter, we sold our 50% ownership interest in Sacyr Fluor and recognized a loss of $11 million, which was included in Energy Solutions' segment profit. Variable Interest Entities The aggregate carrying value of unconsolidated VIEs (classified under both "Investments” and “Other accrued liabilities”) was a net asset of $65 million and $174 million as of June 30, 2021 and December 31, 2020, respectively. Some of our VIEs have debt; however, such debt is typically non-recourse in nature. Our maximum exposure to loss as a result of our investments in unconsolidated VIEs is typically limited to the aggregate of the carrying value of the investment and future funding necessary to satisfy the contractual obligations of the VIE. Future funding commitments as of June 30, 2021 for the unconsolidated VIEs were $57 million. In some cases, we are required to consolidate certain VIEs. As of June 30, 2021, the carrying values of the assets and liabilities associated with the operations of the consolidated VIEs were $1.4 billion and $718 million, respectively. As of December 31, 2020, the carrying values of the assets and liabilities associated with the operations of the consolidated VIEs were $1.2 billion and $688 million, respectively. The assets of a VIE are restricted for use only for the particular VIE and are not available for our general operations. We have agreements with certain VIEs to provide financial or performance assurances to clients, as discussed elsewhere.

Guarantees	6 Months Ended
Guarantees	Jun. 30, 2021
Guarantees [Abstract]
Guarantees	GuaranteesIn the ordinary course of business, we enter into various agreements providing performance assurances and guarantees to our clients on behalf of certain unconsolidated and consolidated partnerships, joint ventures and other jointly executed contracts. These agreements are entered into primarily to support project execution commitments. Performance guarantees have various expiration dates ranging from mechanical completion to a period extending beyond contract completion. The maximum potential amount of future payments that we could be required to make under outstanding performance guarantees, which represents the remaining cost of work to be performed, was estimated to be $12 billion as of June 30, 2021. For cost reimbursable contracts, amounts that may become payable pursuant to guarantee provisions are normally recoverable from the client for work performed. For lump-sum contracts, the performance guarantee amount is the cost to complete the contracted work, less amounts remaining to be billed to the client under the contract. Remaining billable amounts could be greater or less than the cost to complete. In those cases where costs exceed the remaining amounts payable under the contract, we may have recourse to third parties, such as owners, partners, subcontractors or vendors for claims. The performance guarantee obligation was not material as of June 30, 2021 and December 31, 2020.

Contingencies and Commitments	6 Months Ended
Contingencies and Commitments	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	Contingencies and CommitmentsWe and certain of our subsidiaries are subject to litigation, claims and other commitments and contingencies arising in the ordinary course of business. Although the asserted value of these matters may be significant, we currently do not expect that the ultimate resolution of any open matters will have a material adverse effect on our financial position or results of operations. The following disclosures for commitments and contingencies have been updated since the matter was presented in the 2020 10-K. Since May 2018, purported shareholders have filed various complaints against Fluor and certain of its current and former executives in the U.S. District Court for the Northern District of Texas. The plaintiffs purport to represent a class of shareholders who purchased or otherwise acquired Fluor common stock from August 14, 2013 through February 14, 2020, and seek to recover damages arising from alleged violations of federal securities laws. These claims are based on statements concerning Fluor’s internal and disclosure controls, risk management, revenue recognition, and Fluor’s gas-fired power business, which plaintiffs assert were materially misleading. As of May 26, 2020, these complaints have been consolidated into one matter. We filed a motion to dismiss the matter on July 1, 2020. The motion was granted in part on May 5, 2021, and as a result the Court dismissed with prejudice all allegations except those related to a single statement made in 2015 about one gas-fired power project. While no assurance can be given as to the ultimate outcome of this matter, we do not believe it is probable that a loss will be incurred. Accordingly, we have not recorded any liability as a result of this action. Since September 2018, ten separate purported shareholders' derivative actions were filed against current and former members of the Board of Directors, as well as certain of Fluor’s current and former executives. Fluor is named as a nominal defendant in the actions. These derivative actions purport to assert claims on behalf of Fluor and make substantially the same factual allegations as the securities class action matter discussed above and seek various forms of monetary and injunctive relief. These actions are pending in Texas state court (District Court for Dallas County), the U.S. District Court for the District of Delaware, the U.S. District Court for the Northern District of Texas, and the Court of Chancery of the State of Delaware. Certain of these actions were consolidated and stayed, at least while our motion to dismiss was pending in the securities class action matter. We anticipate seeking a further stay until final resolution of the securities class action. While no assurance can be given as to the ultimate outcome of this matter, we do not believe it is probable that a loss will be incurred. Accordingly, we have not recorded any liability as a result of these actions. There have been no changes to the disclosures for the following commitments and contingencies since the matter was presented in the 2020 10-K. Fluor Australia Ltd., our wholly-owned subsidiary (“Fluor Australia”), completed a cost reimbursable engineering, procurement and construction management services project for Santos Ltd. (“Santos”) involving a large network of natural gas gathering and processing facilities in Queensland, Australia. On December 13, 2016, Santos filed an action in Queensland Supreme Court against Fluor Australia, asserting various causes of action and seeking damages and/or a refund of contract proceeds paid of approximately AUD $1.47 billion. Santos has joined Fluor to the matter on the basis of a parent company guarantee issued for the project. We believe that the claims asserted by Santos are without merit and we are vigorously defending these claims. While no assurance can be given as to the ultimate outcome of this matter, we do not believe it is probable that a loss will be incurred. Accordingly, we have not recorded any liability as a result of this action. Fluor Limited, our wholly-owned subsidiary (“Fluor Limited”), and Fluor Arabia Limited, a partially-owned subsidiary (“Fluor Arabia”), completed cost reimbursable engineering, procurement and construction management services for Sadara Chemical Company (“Sadara”) involving a large petrochemical facility in Jubail, Kingdom of Saudi Arabia. On August 23, 2019, Fluor Limited and Fluor Arabia Limited commenced arbitration proceedings against Sadara after it refused to pay invoices totaling approximately $100 million due under the contracts. As part of the arbitration proceedings, Sadara has asserted various counterclaims for damages and/or a refund of contract proceeds paid totaling approximately $574 million against Fluor Limited and Fluor Arabia Limited. We believe that the counterclaims asserted by Sadara are without merit and are vigorously defending these claims. While no assurance can be given as to the ultimate outcome of the counterclaims, we do not believe it is probable that a loss will be incurred in excess of amounts reserved for this matter. Accordingly, we have not recorded any further liability as a result of the counterclaims. Various wholly-owned subsidiaries of Fluor, in conjunction with a partner, TECHINT, (“Fluor/TECHINT”) performed engineering, procurement and construction management services on a cost reimbursable basis for Barrick Gold Corporation involving a gold mine and ore processing facility on a site straddling the border between Argentina and Chile. In 2013 Barrick terminated the Fluor/TECHINT agreements for convenience and not due to the performance of Fluor/TECHINT. On August 12, 2016, Barrick filed a notice of arbitration against Fluor/TECHINT, demanding damages and/or a refund of contract proceeds paid of not less than $250 million under various claims relating to Fluor/TECHINT’s alleged performance. Proceedings were suspended while the parties explored a possible settlement. In August 2019, Barrick drew down $36 million of letters of credit from Fluor/TECHINT ($24 million from Fluor and $12 million from TECHINT). Thereafter, Barrick proceeded to reactivate the arbitration. In December 2020, Barrick and Fluor/TECHINT exchanged detailed statements of claim and counterclaim pursuant to which Barrick's claim against Fluor/TECHINT now totals approximately $330 million. We believe that the claims asserted by Barrick are without merit and are vigorously defending these claims. While no assurance can be given as to the ultimate outcome of this matter, we do not believe it is probable that a loss will be incurred. Accordingly, we have not recorded any liability as a result of these claims. Other Matters We periodically evaluate our positions and the amounts recognized with respect to all our claims and back charges. As of June 30, 2021 and December 31, 2020, we had recorded $215 million and $216 million, respectively, of claim revenue for costs incurred to date. Additional costs, which will increase the claim revenue balance over time, are expected to be incurred in future periods. We had no material disputed back charges to suppliers or subcontractors as of June 30, 2021 and December 31, 2020. From time to time, we enter into contracts with the U.S. government and its agencies. Government contracts are subject to audits and reviews by government representatives with respect to our compliance with various restrictions and regulations applicable to government contractors, including but not limited to the allowability of costs incurred under reimbursable contracts. In connection with performing government contracts, we maintain reserves for estimated exposures associated with these matters. Our operations are subject to and affected by federal, state and local laws and regulations regarding the protection of the environment. We maintain reserves for potential future environmental cost where such obligations are either known or considered probable, and can be reasonably estimated. We believe that our reserves with respect to future environmental cost are adequate and such future cost will not have a material effect on our consolidated financial position or results of operations. In February 2020, we announced that the SEC is conducting an investigation and has requested documents and information related to projects for which we recorded charges in the second quarter of 2019. In April 2020, Fluor received a subpoena from the U.S. Department of Justice (“DOJ”) seeking documents and information related to the second quarter 2019 charges; certain of the projects associated with those charges; and certain project accounting, financial reporting and governance matters. Such inquiries are ongoing, and we have continued to respond to the SEC and DOJ and cooperate in these investigations.

Contract Assets and Liabilities

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Contract Assets and Liabilities

The following summarizes information about our contract assets and liabilities:


(in millions)	June 30, 2021		December 31, 2020
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts	$	621	$	590
Contract work in progress - lump-sum contracts	374		270


Contract assets	$	995	$	860

Advance billings deducted from contract assets	$	240	$	308

	Six Months Ended June 30,
(in millions)	2021		2020
Information about contract liabilities:
Revenue recognized that was included in contract liabilities as of January 1	$	794	$	591

Remaining Unsatisfied Performance Obligations

We estimate that our RUPO will be satisfied over the following periods:


(in millions)	June 30, 2021
Within 1 year	$	10,231
1 to 2 years	5,881
Thereafter	4,536
Total RUPO	$	20,648

During the 2021 Period, we removed approximately $2 billion from RUPO due to the cancellation of a chemicals project and

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Remaining Unsatisfied Performance Obligations

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Remaining Unsatisfied Performance Obligations

Contract Assets and Liabilities

The following summarizes information about our contract assets and liabilities:


(in millions)	June 30, 2021		December 31, 2020
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts	$	621	$	590
Contract work in progress - lump-sum contracts	374		270


Contract assets	$	995	$	860

Advance billings deducted from contract assets	$	240	$	308

	Six Months Ended June 30,
(in millions)	2021		2020
Information about contract liabilities:
Revenue recognized that was included in contract liabilities as of January 1	$	794	$	591

Remaining Unsatisfied Performance Obligations

We estimate that our RUPO will be satisfied over the following periods:


(in millions)	June 30, 2021
Within 1 year	$	10,231
1 to 2 years	5,881
Thereafter	4,536
Total RUPO	$	20,648

During the 2021 Period, we removed approximately $2 billion from RUPO due to the cancellation of a chemicals project and

- Definition

+ References

+ Details

Debt and Letters of Credit

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Debt and Letters of Credit

Debt consisted of the following:


(in thousands)	June 30, 2021		December 31, 2020

Borrowings under credit facility	$	—	$	—

Current:
Other borrowings	$	4,738	$	4,890
Long-term:
Senior Notes
2023 Notes	$	588,740	$	611,250
Unamortized discount on 2023 Notes	(213)		(283)
Unamortized deferred financing costs	(917)		(1,203)
2024 Notes	499,000		500,000
Unamortized discount on 2024 Notes	(1,861)		(2,130)
Unamortized deferred financing costs	(1,459)		(1,670)
2028 Notes	600,000		600,000
Unamortized discount on 2028 Notes	(917)		(981)
Unamortized deferred financing costs	(3,633)		(3,885)
Total long-term	$	1,678,740	$	1,701,098

Credit Facility

As of June 30, 2021, letters of credit totaling $431 million were outstanding under our $1.65 billion credit facility, which matures in February 2023. The credit facility contains customary financial covenants, including a debt-to-capitalization ratio that cannot exceed 0.65 to 1.0, a limitation on the aggregate amount of debt of the greater of $750 million or €750 million for our subsidiaries, and a minimum liquidity threshold of $1.5 billion, defined in the amended credit facility, which may be reduced to $1.25 billion upon the repayment of debt. The credit facility also contains provisions that will require us to provide collateral to secure the facility should we be downgraded to BB by S&P and Ba2 by Moody's, such collateral consisting broadly of our U.S. assets. Borrowings under the facility, which may be denominated in USD, EUR, GBP or CAD, bear interest at a base rate, plus an applicable borrowing margin. As of June 30, 2021, we could have borrowed an additional $783 million under our existing credit facility.

Uncommitted Lines of Credit

As of June 30, 2021, letters of credit totaling $915 million were outstanding under uncommitted lines of credit, although no amounts were drawn.

Senior Notes

In June 2021, we used a portion of the proceeds from the issuance of preferred stock to redeem $5 million of outstanding 2023 and 2024 Notes. We recognized $0.1 million in losses related to these redemptions which is included in G&A. In July 2021, we redeemed $21 million of outstanding 2023 and 2024 Notes and recognized $0.8 million in losses.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Preferred Stock	6 Months Ended
Preferred Stock	Jun. 30, 2021
Equity [Abstract]
Preferred Stock	Preferred Stock In May 2021, we issued 600,000 shares of Series A 6.5% cumulative perpetual convertible preferred stock in a private placement transaction involving a limited number of qualified institutional buyers. The preferred stock, with respect to dividend rights or rights upon liquidation, winding-up or dissolution of Fluor, ranks (i) senior to all classes of common stock and to each other class of capital stock or series of preferred stock established after the issuance of the Series A preferred stock except in certain circumstances and (ii) junior to the our existing and future indebtedness. The preferred stock does not have a maturity date. Cumulative cash dividends on the preferred stock are payable at an annual rate of 6.5% quarterly in arrears on February 15, May 15, August 15 and November 15, beginning on August 15, 2021, upon declaration of the dividend by our Board of Directors. Dividends accumulate from the most recent date on which dividends have been paid or, if no dividends have been paid, from the first date of original issuance of the preferred stock. At June 30, 2021, $5 million of dividends on the preferred stock were accumulated however no amounts had been declared or accrued. In July 2021, our Board of Directors approved the payment of a total preferred stock dividend of $10 million. Each share of preferred stock has a liquidation preference of $1,000 per share, plus accumulated but unpaid dividends, and is convertible, at the holder's option at any time into 44.9585 shares of our common stock per share of preferred stock. The conversion rate is subject to certain customary adjustments, but no payment or adjustment for accumulated but unpaid dividends will be made upon conversion, subject to certain limited exceptions. The preferred stock may not be redeemed by us; however, we may, at any time on or after May 20, 2022, elect to cause all outstanding shares of preferred stock to be automatically converted into shares of our common stock at the conversion rate, subject to certain conditions (and, if such automatic conversion occurs prior May 20, 2024, the payment of a cash make-whole premium). If a “make-whole fundamental change” occurs, we will in certain circumstances be required to increase the conversion rate for a holder who elects to convert its shares of preferred stock in connection with such make-whole fundamental change. The shares of preferred stock have no voting rights except if and when dividends on the preferred stock are in arrears and have been unpaid with respect to six or more quarterly dividend payment dates (whether or not consecutive). In such events, the holders of the preferred stock would be entitled to elect two additional directors to the board of directors. Such voting rights are exercisable until all dividends in arrears have been paid in full, at which time the voting rights and the term of the two additional directors terminate. Concurrent with the issuance of the convertible preferred stock, 200,000 shares of preferred stock previously designated as Series A Junior Participating Preferred Stock were eliminated and returned to the status of authorized but unissued shares of preferred stock, without designation.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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-Paragraph 14
-Subparagraph (a)
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Fair Value Measurements

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following table delineates assets and liabilities that are measured at fair value on a recurring basis:


	June 30, 2021								December 31, 2020
	Fair Value Hierarchy								Fair Value Hierarchy
(in thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Deferred compensation trusts(1)	$	10,760	$	10,760	$	—	$	—	$	9,626	$	9,626	$	—	$	—
Derivative assets(2)
Foreign currency	23,855		—		23,855		—		22,667		—		22,667		—
Commodity	4,257		—		4,257		—		806		—		806		—

Liabilities:
Derivative liabilities(2)
Foreign currency	$	5,291	$	—	$	5,291	$	—	$	2,571	$	—	$	2,571	$	—
Commodity	209		—		209		—		5,059		—		5,059		—

_________________________________________________________

(1) Consists of registered money market funds and an equity index fund. These investments, which are trading securities, represent the net asset value at the close of business of the period based on the last trade or official close of an active market or exchange.

(2) Foreign currency and commodity derivatives are estimated using pricing models with market-based inputs, which take into account the present value of estimated future cash flows.

We have measured assets and liabilities held for sale and certain other impaired assets at fair value on a nonrecurring basis.

The following summarizes information about financial instruments that are not required to be measured at fair value :


		June 30, 2021				December 31, 2020
(in thousands)	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Cash(1)	Level 1	$	1,424,542	$	1,424,542	$	1,180,024	$	1,180,024
Cash equivalents(2)	Level 2	1,286,573		1,286,573		1,018,757		1,018,757
Marketable securities(2)	Level 2	31,651		31,651		23,345		23,345
Notes receivable, including noncurrent portion(3)	Level 3	25,381		25,381		28,488		28,488
Liabilities:
2023 Senior Notes(4)	Level 2	$	587,610	$	600,573	$	609,764	$	578,554
2024 Senior Notes(4)	Level 2	495,680		527,727		496,200		494,045
2028 Senior Notes(4)	Level 2	595,450		610,188		595,134		599,220
Other borrowings(5)	Level 2	4,738		4,738		4,890		4,890

_________________________________________________________

(1) Cash consists of bank deposits. Carrying amounts approximate fair value.

(2) The carrying amounts of these time deposits approximate fair value because of the short-term maturity of these instruments. Amortized cost is not materially different from the fair value.

(3) Notes receivable are carried at net realizable value which approximates fair value. Factors considered in determining the fair value include the credit worthiness of the borrower, current interest rates, the term of the note and any collateral pledged as security. Notes receivable are periodically assessed for impairment.

(4) The fair value of the Senior Notes was estimated based on the quoted market prices and Level 2 inputs.

(5) Other borrowings represent bank loans and other financing arrangements which mature within one year. The carrying amount of borrowings under these arrangements approximates fair value because of the short-term maturity.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Stock-Based Compensation

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Our executive and director stock-based compensation plans are described more fully in the 2020 10-K. In the 2021 Period, RSUs totaling 596,391 were granted to executives and directors at a weighted-average grant date fair value of $18.67 per share. RSUs granted to executive officers in 2021 and 2020 generally vest over three years. RSUs granted to directors in 2021 and 2020 vested upon grant. The fair value of RSUs represents the closing price of our common stock on the date of grant.

Stock options for the purchase of 481,626 shares at a weighted-average exercise price of $17.96 per share were awarded to executives during the 2021 Period. The exercise price of options represents the closing price of our common stock on the date of grant. The options granted in 2021 and 2020 generally vest over three years and expire ten years after the grant date.

Performance-based award units totaling 613,868 were awarded to executive officers during the 2021 Period. These awards generally vest after a period of 3 years and contain annual performance conditions for each of the 3 years of the vesting period. Under GAAP, performance-based awards are not deemed granted until the performance targets have been established. The performance targets for each year are generally established in the first quarter. Accordingly, only one-third of the units awarded in any given year are deemed to be granted each year of the 3 year vesting periods. During 2021, the following units were granted for GAAP purposes:


	Performance-based Award Units Granted in 2021	Weighted Average Grant Date Fair Value Per Share
2021 Performance Award Plan	204,623	$20.49
2020 Performance Award Plan	385,455	$19.98
2019 Performance Award Plan	116,844	$20.18

The number of units are adjusted at the end of each performance period based on achievement of certain performance targets and market conditions, as defined in the award agreements. The grant date fair value is determined by adjusting the closing price of our common stock on the date of grant for the effect of the market condition. Units granted under the 2021, 2020 and 2019 performance award plans can only be settled in our stock and are accounted for as equity awards.

There were no RSUs, options or performance-based award units awarded to executives during the 2020 Period. Instead, RSUs, options and performance-based award units were awarded to executives in September 2020 following the filing of our 2019 10-K.

Retirement Plans

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Retirement Plans

Net periodic pension expense for our DB plans includes the following components:


		Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	Location of Component	2021		2020		2021		2020
Service cost	Cost of revenue	$	4,398	$	4,196	$	8,791	$	8,400
Interest cost	Corp G&A	1,779		2,235		3,557		4,476
Expected return on assets	Corp G&A	(7,248)		(6,288)		(14,487)		(12,592)
Amortization of prior service credit	Corp G&A	(218)		(218)		(436)		(436)
Recognized net actuarial loss	Corp G&A	1,439		1,134		2,876		2,272
Net periodic pension expense		$	150	$	1,059	$	301	$	2,120

We currently expect to contribute up to $16 million into our DB plans during 2021, which we expect to be in excess of the minimum funding required. During the 2021 Period, we made contributions of approximately $12 million.

In addition to our DB plans, we participate in multiemployer pension plans for unionized construction and maintenance craft employees. Company contributions, based on the hours worked by employees covered under various collective bargaining agreements, are recognized as net periodic pension expense. Upon withdrawal from a multiemployer plan, we may have an obligation to make additional contributions for our share of any unfunded benefit obligation, but only if we do not meet the requirements of any applicable exemptions. For one of our discontinued operations, we participate in one multiemployer plan in which we are aware of a significant unfunded benefit obligation. However, we believe we qualify for an exemption and do not believe we have a probable payment to the plan. Therefore, we have not recognized a liability related to this unfunded benefit obligation.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
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-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

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+ Details

Derivatives and Hedging

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

Derivatives Designated as Hedges

As of June 30, 2021, we had total gross notional amounts of $517 million of foreign currency contracts outstanding (primarily related to the Canadian Dollar, Chinese Yuan, British Pound, Euro, Indian Rupee and Philippine Peso) that were designated as hedges. These foreign currency contracts are of varying duration, none of which extend beyond December 2024. There were no commodity contracts outstanding that were designated as hedges as of June 30, 2021.

The fair values of derivatives designated as hedging instruments follows:


	Asset Derivatives					Liability Derivatives
(in thousands)	Balance Sheet Location	June 30, 2021		December 31, 2020		Balance Sheet Location	June 30, 2021		December 31, 2020
Foreign currency contracts	Other current assets	$	16,802	$	20,004	Other accrued liabilities	$	975	$	4

Foreign currency contracts	Other assets	2,902		2,184		Noncurrent liabilities	52		25
Total		$	19,704	$	22,188		$	1,027	$	29

The after-tax amount of gain (loss) recognized in OCI associated with derivative instruments designated as cash flow hedges follows:


	Three Months Ended June 30,		Six Months Ended June 30,
Cash Flow Hedges (in thousands)	2021	2020	2021	2020
Foreign currency contracts	5,315	1,143	6,188	(3,997)
Commodity contracts	—	3	—	(108)
	5,315	1,146	6,188	(4,105)

The after-tax amount of gain (loss) reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges follows:


		Three Months Ended June 30,				Six Months Ended June 30,
Cash Flow Hedges (in thousands)	Location of Gain (Loss)	2021		2020		2021		2020
Foreign currency contracts	Cost of revenue	$	5,159	$	(88)	$	9,502	$	538
Commodity contracts	Cost of revenue	—		(112)		—		(100)
Interest rate contracts	Interest expense	(419)		(419)		(838)		(838)
Total		$	4,740	$	(619)	$	8,664	$	(400)

Derivatives Not Designated as Hedges

As of June 30, 2021, we also had total gross notional amounts of $175 million of foreign currency contracts and $27 million of commodity contracts outstanding that were not designated as hedges. The foreign currency contracts primarily related to contract obligations denominated in nonfunctional currencies. The fair value of derivatives not designated as hedges, as well as the associated gains and losses were not material for any period presented.

Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income (Loss)

The components of OCI follow:


	Three Months Ended June 30, 2021						Three Months Ended June 30, 2020
(in thousands)	Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount		Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount
OCI:
Foreign currency translation adjustments	$	(1,279)	$	—	$	(1,279)	$	31,072	$	—	$	31,072
Ownership share of equity method investees’ OCI	(847)		772		(75)		(14,901)		4,247		(10,654)
DB plan adjustments	1,201		(10)		1,191		998		(43)		955
Unrealized gain (loss) on hedges	806		(231)		575		1,297		468		1,765
Total OCI	(119)		531		412		18,466		4,672		23,138
Less: OCI attributable to NCI	(394)		—		(394)		2,421		—		2,421
OCI attributable to Fluor	$	275	$	531	$	806	$	16,045	$	4,672	$	20,717


	Six Months Ended June 30, 2021						Six Months Ended June 30, 2020
(in thousands)	Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount		Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount
OCI:
Foreign currency translation adjustments	$	1,431	$	(11)	$	1,420	$	(80,029)	$	—	$	(80,029)
Ownership share of equity method investees’ OCI	(3,287)		1,148		(2,139)		(17,420)		(1,406)		(18,826)
DB plan adjustments	2,401		441		2,842		2,001		—		2,001
Unrealized gain (loss) on hedges	(2,643)		167		(2,476)		(4,577)		872		(3,705)
Total OCI	(2,098)		1,745		(353)		(100,025)		(534)		(100,559)
Less: OCI attributable to NCI	(596)		—		(596)		(1,796)		—		(1,796)
OCI attributable to Fluor	$	(1,502)	$	1,745	$	243	$	(98,229)	$	(534)	$	(98,763)

The changes in AOCI balances follow:


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of March 31, 2021	$	(258,059)	$	(56,048)	$	(116,938)	$	13,576	$	(417,469)
OCI before reclassifications	(885)		(220)		—		5,315		4,210
Amounts reclassified from AOCI	—		145		1,191		(4,740)		(3,404)
Net OCI	(885)		(75)		1,191		575		806
Balance as of June 30, 2021	$	(258,944)	$	(56,123)	$	(115,747)	$	14,151	$	(416,663)

Attributable to NCI:
Balance as of March 31, 2021	$	(4,370)	$	—	$	—	$	—	$	(4,370)
OCI before reclassifications	(394)		—		—		—		(394)
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	(394)		—		—		—		(394)
Balance as of June 30, 2021	$	(4,764)	$	—	$	—	$	—	$	(4,764)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of December 31, 2020	$	(260,960)	$	(53,984)	$	(118,589)	$	16,627	$	(416,906)
OCI before reclassifications	2,016		(2,423)		—		6,188		5,781
Amounts reclassified from AOCI	—		284		2,842		(8,664)		(5,538)
Net OCI	2,016		(2,139)		2,842		(2,476)		243
Balance as of June 30, 2021	$	(258,944)	$	(56,123)	$	(115,747)	$	14,151	$	(416,663)

Attributable to NCI:
Balance as of December 31, 2020	$	(4,168)	$	—	$	—	$	—	$	(4,168)
OCI before reclassifications	(596)		—		—		—		(596)
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	(596)		—		—		—		(596)
Balance as of June 30, 2021	$	(4,764)	$	—	$	—	$	—	$	(4,764)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of March 31, 2020	$	(349,834)	$	(43,628)	$	(98,151)	$	(7,740)	$	(499,353)
OCI before reclassifications	28,651		(10,786)		1		1,146		19,012
Amounts reclassified from AOCI	—		132		954		619		1,705
Net OCI	28,651		(10,654)		955		1,765		20,717
Balance as of June 30, 2020	$	(321,183)	$	(54,282)	$	(97,196)	$	(5,975)	$	(478,636)

Attributable to NCI:
Balance as of March 31, 2020	$	(9,268)	$	—	$	—	$	—	$	(9,268)
OCI before reclassifications	2,421		—		—		—		2,421
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	2,421		—		—		—		2,421
Balance as of June 30, 2020	$	(6,847)	$	—	$	—	$	—	$	(6,847)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor Corporation:
Balance as of December 31, 2019	$	(242,950)	$	(35,456)	$	(99,197)	$	(2,270)	$	(379,873)
OCI before reclassifications	(78,233)		(19,099)		1		(4,105)		(101,436)
Amounts reclassified from AOCI	—		273		2,000		400		2,673
Net OCI	(78,233)		(18,826)		2,001		(3,705)		(98,763)
Balance as of June 30, 2020	$	(321,183)	$	(54,282)	$	(97,196)	$	(5,975)	$	(478,636)

Attributable to NCI:
Balance as of December 31, 2019	$	(5,051)	$	—	$	—	$	—	$	(5,051)
OCI before reclassifications	(1,796)		—		—		—		(1,796)
Amounts reclassified from AOCI	—		—		—		—		—
Net other comprehensive income (loss)	(1,796)		—		—		—		(1,796)
Balance as of June 30, 2020	$	(6,847)	$	—	$	—	$	—	$	(6,847)

Information about reclassifications out of AOCI follows:


		Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	Location in Statement of Operations	2021		2020		2021		2020
Component of AOCI:

Ownership share of equity method investees’ OCI	Cost of revenue	$	(193)	$	(176)	$	(379)	$	(364)
Income tax benefit	Income tax expense (benefit)	48		44		95		91
Net of tax		$	(145)	$	(132)	$	(284)	$	(273)

DB plan adjustments	G&A	$	(1,201)	$	(998)	$	(2,401)	$	(2,000)
Income tax benefit	Income tax expense (benefit)	10		44		(441)		—
Net of tax		$	(1,191)	$	(954)	$	(2,842)	$	(2,000)

Unrealized gain (loss) on derivative contracts:
Commodity and foreign currency contracts	Various accounts(1)	$	6,604	$	(240)	$	11,822	$	402
Interest rate contracts	Interest expense	(419)		(419)		(838)		(838)
Income tax benefit	Income tax expense (benefit)	(1,445)		40		(2,320)		36
Net of tax		$	4,740	$	(619)	$	8,664	$	(400)

(1)Gains and losses on commodity and foreign currency derivative contracts were reclassified to "Cost of revenue" and "G&A".

Discontinued Operations

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

In the first quarter of 2021, we committed to a plan to sell our Stork business, which had previously represented the

majority of operations from our former diversified services segment. We sold the North American operations of the AMECO equipment business in May 2021 for $71 million and recognized a loss on the sale of $25 million.

Impairment expense, included in Disc Ops, is summarized as follows:


	Three Months Ended June 30, 2021				Six Months Ended June 30, 2021				Six Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Stork		AMECO		Stork		AMECO
Impairment expense: (1)
Goodwill	$	—	$	—	$	12,700	$	—	$	168,568	$	12,300
Intangible customer relationships	—		—		—		—		26,671		—
Fair value adjustment and expected costs associated with sale	52,700		48,276		60,500		48,276		—		87,700
Total impairment expense	$	52,700	$	48,276	$	73,200	$	48,276	$	195,239	$	100,000

(1) There was no impairment expense recognized during the 2020 Quarter.

The fair value of the AMECO assets were determined using a combination of observable level 2 inputs, including indicative offers and ongoing negotiations for the related assets.

The fair value of the Stork assets were determined using an income based approach that utilized unobservable Level 3 inputs, including significant management assumptions such as expected awards, forecasted revenue and operating margins, weighted average cost of capital, working capital assumptions and general market trends and conditions.

The customer relationships' valuation approach utilized unobservable Level 3 inputs including ranges of assumptions of long-term revenue growth from 2% to 5.5% with a weighted average of 2.4%, weighted average cost of capital of 12% and a customer attrition factor of 10%.

Disc Ops information follows:


	Three Months Ended June 30, 2021								Three Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Other		Total		Stork		AMECO		Other		Total
Revenue	$	423,774	$	36,811	$	—	$	460,585	$	355,827	$	50,891	$	—	$	406,718
Cost of revenue	406,482		31,151		1,824		439,457		365,683		45,394		3,674		414,751
Gross Profit	17,292		5,660		(1,824)		21,128		(9,856)		5,497		(3,674)		(8,033)

G&A	(2,128)		—		—		(2,128)		—		(37)		(4)		(41)
Impairment expense (1)	(52,700)		(48,276)		—		(100,976)		—		—		—		—
Loss on sale of AMECO North America	—		(24,864)		—		(24,864)		—		—		—		—
Foreign currency gain (loss)	(7)		245		—		238		140		(230)		—		(90)
Operating profit	(37,543)		(67,235)		(1,824)		(106,602)		(9,716)		5,230		(3,678)		(8,164)

Interest (expense) income, net	(1,256)		99		—		(1,157)		(1,376)		(9)		—		(1,385)
Earnings (loss) before taxes from Disc Ops	(38,799)		(67,136)		(1,824)		(107,759)		(11,092)		5,221		(3,678)		(9,549)
Income tax expense (benefit)	1,558		(1,838)		—		(280)		(274)		485		—		211
Net earnings (loss) from Disc Ops	(40,357)		(65,298)		(1,824)		(107,479)		(10,818)		4,736		(3,678)		(9,760)

Less: Net earnings (loss) from Disc Ops attributable to NCI	297		1		—		298		310		—		—		310
Net earnings (loss) from Disc Ops attributable to Fluor	(40,654)		(65,299)		(1,824)		(107,777)		(11,128)		4,736		(3,678)		(10,070)

(1) Impairment expense during the 2021 Quarter represents the effect of including Stork's cumulative foreign currency translation balance in the impairment assessment.


	Six Months Ended June 30, 2021								Six Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Other		Total		Stork		AMECO		Other		Total
Revenue	$	808,026	$	77,527	$	—	$	885,553	$	775,839	$	112,278	$	—	$	888,117
Cost of revenue	787,564		75,120		2,877		865,561		784,502		94,487		9,370		888,359
Gross profit	20,462		2,407		(2,877)		19,992		(8,663)		17,791		(9,370)		(242)

G&A	(2,506)		—		—		(2,506)		—		(51)		(12)		(63)
Impairment expense (1)	(73,200)		(48,276)		—		(121,476)		(195,239)		(100,000)		—		(295,239)
Loss on sale of AMECO North America	—		(24,864)		—		(24,864)		—		—		—		—
Foreign currency gain (loss)	3		1,078		—		1,081		(1,006)		(303)		—		(1,309)
Operating profit	(55,241)		(69,655)		(2,877)		(127,773)		(204,908)		(82,563)		(9,382)		(296,853)

Interest (expense) income, net	(2,609)		203		—		(2,406)		(3,021)		40		—		(2,981)
Earnings (loss) before taxes from Disc Ops	(57,850)		(69,452)		(2,877)		(130,179)		(207,929)		(82,523)		(9,382)		(299,834)
Income tax expense (benefit)	4,182		(1,123)		—		3,059		(4,826)		1,942		—		(2,884)
Net earnings (loss) from Disc Ops	(62,032)		(68,329)		(2,877)		(133,238)		(203,103)		(84,465)		(9,382)		(296,950)

Less: Net earnings (loss) from Disc Ops attributable to NCI	591		—		—		591		687		—		—		687
Net earnings (loss) from Disc Ops attributable to Fluor	(62,623)		(68,329)		(2,877)		(133,829)		(203,790)		(84,465)		(9,382)		(297,637)

(1) Impairment expense during the 2021 Quarter represents the effect of including Stork's cumulative foreign currency translation balance in the impairment assessment.

The following summarizes information related to assets and liabilities classified as held for sale:


	June 30, 2021												December 31, 2020
(in thousands)	Stork		AMECO		Other		Total from Disc Ops		Other Assets and Liabilities from Cont Ops		Total		Stork		AMECO		Other		Total from Disc Ops		Other Assets and Liabilities from Cont Ops		Total
Accounts receivable, net	$	220,059	$	32,268	$	10,475	$	262,802	$	—	$	262,802	$	245,105	$	42,797	$	10,475	$	298,377	$	—	$	298,377
Contract assets	155,268		—		—		155,268		—		155,268		108,152		2,188		—		110,340		—		110,340
Other current assets	44,375		11,143		—		55,518		—		55,518		45,384		73,618		—		119,002		—		119,002
Current assets held for sale	$	419,702	$	43,411	$	10,475	$	473,588	$	—	$	473,588	$	398,641	$	118,603	$	10,475	$	527,719	$	—	$	527,719

Property, plant and equipment, net	$	94,833	$	36,005	$	—	$	130,838	$	22,079	$	152,917	$	97,258	$	67,380	$	—	$	164,638	$	24,538	$	189,176
Goodwill	120,246		—		—		120,246		—		120,246		141,889		—		—		141,889		—		141,889
Investments	3,552		—		—		3,552		5,331		8,883		4,649		—		—		4,649		5,064		9,713

Other assets	122,915		17,324		—		140,239		—		140,239		135,421		13,810		—		149,231		—		149,231
Noncurrent assets held for sale(1)	$	341,546	$	53,329	$	—	$	394,875	$	27,410	$	422,285	$	379,217	$	81,190	$	—	$	460,407	$	29,602	$	490,009
Total assets held for sale	$	761,248	$	96,740	$	10,475	$	868,463	$	27,410	$	895,873	$	777,858	$	199,793	$	10,475	$	988,126	$	29,602	$	1,017,728

Accounts payable	$	121,742	$	7,243	$	1	$	128,986	$	—	$	128,986	$	116,580	$	17,388	$	13	$	133,981	$	—	$	133,981
Short-term borrowings	19,152		—		—		19,152		—		19,152		20,525		—		—		20,525		—		20,525
Contract liabilities	42,183		768		—		42,951		—		42,951		46,997		782		—		47,779		—		47,779
Accrued salaries, wages and benefits	52,391		1,130		—		53,521		—		53,521		57,626		7,152		—		64,778		—		64,778
Other accrued liabilities	186,030		46,637		—		232,667		—		232,667		113,965		11,977		—		125,942		—		125,942
Current liabilities held for sale	$	421,498	$	55,778	$	1	$	477,277	$	—	$	477,277	$	355,693	$	37,299	$	13	$	393,005	$	—	$	393,005

Noncurrent liabilities held for sale(1)	$	85,927	$	9,572	$	—	$	95,499	$	—	$	95,499	$	98,940	$	9,478	$	—	$	108,418	$	—	$	108,418
Total liabilities held for sale	$	507,425	$	65,350	$	1	$	572,776	$	—	$	572,776	$	454,633	$	46,777	$	13	$	501,423	$	—	$	501,423

(1) Noncurrent assets and liabilities held for sale as of June 30, 2021 are reported as current given the expected sale timing.

Our cash flow information included the following activities related to Disc Ops:


	Six Months Ended June 30,
	2021			2020
(in thousands)	Stork	AMECO	Total	Stork	AMECO	Total
Capital expenditures	(8,142)	(10,832)	(18,974)	(12,723)	(12,330)	(25,053)

Recent Accounting Pronouncements - (Policies)	6 Months Ended
Recent Accounting Pronouncements - (Policies)	Jun. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Accounting pronouncements that were implemented by us during the 2021 Period In the first quarter of 2021, we adopted ASU 2020-06, “Accounting for Convertible Instruments and Contracts in an Entity's Own Equity,” which simplifies accounting for convertible instruments and the application of the derivatives scope exception for contracts in our own equity. ASU 2020-06 eliminates two of the three models in the current guidance that require separating embedded conversion features from convertible instruments and also eliminates some of the requirements for equity classification. ASU 2020-06 also addresses how convertible instruments are accounted for in the diluted EPS calculation. The adoption did not have any impact on our financial statements.

Earnings Per Share - (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted EPS


(in thousands, except per share amounts)	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020

Net earnings (loss) from Cont Ops attributable to Fluor	$	(6,668)	$	(14,920)	$	(67,640)	$	6,688
Less: Dividends on convertible preferred stock	4,875		—		4,875		—
Net earnings (loss) from Cont Ops available to Fluor common stockholders	(11,543)		(14,920)		(72,515)		6,688
Net earnings (loss) from Disc Ops attributable to Fluor	(107,777)		(10,070)		(133,829)		(297,637)
Net earnings (loss) available to Fluor common stockholders	$	(119,320)	$	(24,990)	$	(206,344)	$	(290,949)












Weighted average common shares outstanding	141,374		140,536		141,137		140,399
Diluted effect:
Convertible preferred stock(1)	—		—		—		—
Stock options, RSUs, restricted stock and performance-based award units(1)	—		—		—		411
Weighted average diluted shares outstanding	141,374		140,536		141,137		140,810

Basic EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops	$	(0.08)	$	(0.11)	$	(0.51)	$	0.05
Net earnings (loss) from Disc Ops	(0.76)		(0.07)		(0.95)		(2.12)

Diluted EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops	$	(0.08)	$	(0.11)	$	(0.51)	$	0.05
Net earnings (loss) from Disc Ops	(0.76)		(0.07)		(0.95)		(2.11)


(1) Anti-dilutive securities not included in shares outstanding	14,457		384		8,178		—

Operating Information by Segment and Geographic Area (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Operating Information by Segment and Geographic Area - Assets by Segment

Other now includes only the operations of NuScale.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2021		2020		2021		2020
Revenue
Energy Solutions	$	1,319.1	$	1,498.0	$	2,310.0	$	2,857.2
Urban Solutions	1,210.2		1,512.5		2,404.5		3,104.8
Mission Solutions	707.1		724.4		1,460.4		1,470.6
Total revenue	$	3,236.4	$	3,734.9	$	6,174.9	$	7,432.6

Segment profit (loss)
Energy Solutions	$	109.2	$	42.7	$	111.4	$	36.8
Urban Solutions	(68.4)		38.5		(38.6)		89.9
Mission Solutions	44.9		9.7		88.6		41.8
Other	(18.5)		(18.5)		(34.2)		(41.3)
Total segment profit (loss)	$	67.2	$	72.4	$	127.2	$	127.2

G&A	(31.5)		(42.6)		(97.1)		(76.2)
Impairment, restructuring and other exit costs	—		(3.8)		(26.4)		(106.2)
Foreign currency gain (loss)	(30.4)		0.8		(41.7)		46.0
Interest income (expense), net	(10.8)		(10.4)		(27.9)		(15.0)
Earnings (loss) from Cont Ops attributable to NCI	(7.7)		6.4		25.1		15.5
Earnings (loss) from Cont Ops before taxes	$	(13.2)	$	22.8	$	(40.8)	$	(8.7)

NuScale expenses included in the determination of segment loss were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2021		2020		2021		2020
NuScale expenses	$	(34.8)	$	(39.1)	$	(65.9)	$	(74.6)
Less: Reimbursable expenses	16.3		20.6		31.7		33.3
Segment loss	$	(18.5)	$	(18.5)	$	(34.2)	$	(41.3)

Total assets by segment are as follows:


(in millions)	June 30, 2021		December 31, 2020
Energy Solutions	$	1,118.5	$	1,010.9
Urban Solutions	1,204.9		1,122.5
Mission Solutions	548.9		575.8
Other	35.6		37.8

Schedule of Operating Information by Segment and Geographic Area - Project location

Revenue by project location follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2021		2020		2021		2020
North America	$	2,065.4	$	2,429.3	$	4,037.1	$	4,757.8
Asia Pacific (includes Australia)	409.5		342.7		746.1		651.4
Europe	379.1		623.1		634.0		1,100.0
Central and South America	301.0		210.5		565.7		634.2
Middle East and Africa	81.4		129.3		192.0		289.2
Total revenue	$	3,236.4	$	3,734.9	$	6,174.9	$	7,432.6

Impairment, Restructuring and Other Exit Costs - (Tables)

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Schedule of Impairment Expense

We did not recognize any impairment expense in Cont Ops during the 2021 and 2020 Quarters. Impairment expense, included in Cont Ops, for the 2021 and 2020 Periods is summarized as follows:


	Six Months Ended June 30,
(in thousands)		2021		2020
Impairment expense:
Energy Solutions' equity method investment		$	26,392	$	86,096
Information technology assets		—		16,269
Total impairment expense		$	26,392	$	102,365

Impairment expense, included in Disc Ops, is summarized as follows:


	Three Months Ended June 30, 2021				Six Months Ended June 30, 2021				Six Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Stork		AMECO		Stork		AMECO
Impairment expense: (1)
Goodwill	$	—	$	—	$	12,700	$	—	$	168,568	$	12,300
Intangible customer relationships	—		—		—		—		26,671		—
Fair value adjustment and expected costs associated with sale	52,700		48,276		60,500		48,276		—		87,700
Total impairment expense	$	52,700	$	48,276	$	73,200	$	48,276	$	195,239	$	100,000

(1) There was no impairment expense recognized during the 2020 Quarter.

Restructuring Liability

A reconciliation of our restructuring liabilities follows:


(in thousands)	Severance		Lease Exit Costs		Total
Balance as of December 31, 2019	$	30,479	$	564	$	31,043
Restructuring charges accrued during the period	3,720		334		4,054
Cash payments / settlements during the period	(18,858)		(793)		(19,651)
Currency translation	1,140		1		1,141
Balance as of December 31, 2020	$	16,481	$	106	$	16,587
Cash payments / settlements during the period	$	(13,794)	$	—	$	(13,794)
Currency translation	(54)		—		(54)
Balance as of June 30, 2021	$	2,633	$	106	$	2,739

Cash Paid for Interest and Taxes (Tables)

6 Months Ended

Jun. 30, 2021

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Cash Paid for Interest and Taxes


	Six Months Ended June 30,
(in thousands)	2021		2020
Cash paid for:
Interest	$	42,074	$	38,361
Income taxes (net of refunds)	68,200		31,649

Our cash flow information included the following activities related to Disc Ops:


	Six Months Ended June 30,
	2021			2020
(in thousands)	Stork	AMECO	Total	Stork	AMECO	Total
Capital expenditures	(8,142)	(10,832)	(18,974)	(12,723)	(12,330)	(25,053)

Contract Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

The following summarizes information about our contract assets and liabilities:


(in millions)	June 30, 2021		December 31, 2020
Information about contract assets:
Contract assets
Unbilled receivables - reimbursable contracts	$	621	$	590
Contract work in progress - lump-sum contracts	374		270


Contract assets	$	995	$	860

Advance billings deducted from contract assets	$	240	$	308

	Six Months Ended June 30,
(in millions)	2021		2020
Information about contract liabilities:
Revenue recognized that was included in contract liabilities as of January 1	$	794	$	591

Remaining Unsatisfied Performance Obligations - (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of remaining performance obligation

We estimate that our RUPO will be satisfied over the following periods:


(in millions)	June 30, 2021
Within 1 year	$	10,231
1 to 2 years	5,881
Thereafter	4,536
Total RUPO	$	20,648

Debt and Letters of Credit (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:


(in thousands)	June 30, 2021		December 31, 2020

Borrowings under credit facility	$	—	$	—

Current:
Other borrowings	$	4,738	$	4,890
Long-term:
Senior Notes
2023 Notes	$	588,740	$	611,250
Unamortized discount on 2023 Notes	(213)		(283)
Unamortized deferred financing costs	(917)		(1,203)
2024 Notes	499,000		500,000
Unamortized discount on 2024 Notes	(1,861)		(2,130)
Unamortized deferred financing costs	(1,459)		(1,670)
2028 Notes	600,000		600,000
Unamortized discount on 2028 Notes	(917)		(981)
Unamortized deferred financing costs	(3,633)		(3,885)
Total long-term	$	1,678,740	$	1,701,098

Fair Value Measurements - (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The following table delineates assets and liabilities that are measured at fair value on a recurring basis:


	June 30, 2021								December 31, 2020
	Fair Value Hierarchy								Fair Value Hierarchy
(in thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Deferred compensation trusts(1)	$	10,760	$	10,760	$	—	$	—	$	9,626	$	9,626	$	—	$	—
Derivative assets(2)
Foreign currency	23,855		—		23,855		—		22,667		—		22,667		—
Commodity	4,257		—		4,257		—		806		—		806		—

Liabilities:
Derivative liabilities(2)
Foreign currency	$	5,291	$	—	$	5,291	$	—	$	2,571	$	—	$	2,571	$	—
Commodity	209		—		209		—		5,059		—		5,059		—

_________________________________________________________

(2) Foreign currency and commodity derivatives are estimated using pricing models with market-based inputs, which take into account the present value of estimated future cash flows.

Schedule of carrying values and estimated fair values of financial instruments not required to be measured at fair value

The following summarizes information about financial instruments that are not required to be measured at fair value :


		June 30, 2021				December 31, 2020
(in thousands)	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Cash(1)	Level 1	$	1,424,542	$	1,424,542	$	1,180,024	$	1,180,024
Cash equivalents(2)	Level 2	1,286,573		1,286,573		1,018,757		1,018,757
Marketable securities(2)	Level 2	31,651		31,651		23,345		23,345
Notes receivable, including noncurrent portion(3)	Level 3	25,381		25,381		28,488		28,488
Liabilities:
2023 Senior Notes(4)	Level 2	$	587,610	$	600,573	$	609,764	$	578,554
2024 Senior Notes(4)	Level 2	495,680		527,727		496,200		494,045
2028 Senior Notes(4)	Level 2	595,450		610,188		595,134		599,220
Other borrowings(5)	Level 2	4,738		4,738		4,890		4,890

_________________________________________________________

(1) Cash consists of bank deposits. Carrying amounts approximate fair value.

(2) The carrying amounts of these time deposits approximate fair value because of the short-term maturity of these instruments. Amortized cost is not materially different from the fair value.

(4) The fair value of the Senior Notes was estimated based on the quoted market prices and Level 2 inputs.

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

During 2021, the following units were granted for GAAP purposes:


	Performance-based Award Units Granted in 2021	Weighted Average Grant Date Fair Value Per Share
2021 Performance Award Plan	204,623	$20.49
2020 Performance Award Plan	385,455	$19.98
2019 Performance Award Plan	116,844	$20.18

Retirement Plans - (Tables)

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Schedule of components of net periodic pension expense

Net periodic pension expense for our DB plans includes the following components:


		Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	Location of Component	2021		2020		2021		2020
Service cost	Cost of revenue	$	4,398	$	4,196	$	8,791	$	8,400
Interest cost	Corp G&A	1,779		2,235		3,557		4,476
Expected return on assets	Corp G&A	(7,248)		(6,288)		(14,487)		(12,592)
Amortization of prior service credit	Corp G&A	(218)		(218)		(436)		(436)
Recognized net actuarial loss	Corp G&A	1,439		1,134		2,876		2,272
Net periodic pension expense		$	150	$	1,059	$	301	$	2,120

Derivatives and Hedging - (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivatives designated as hedging instruments under ASC 815

The fair values of derivatives designated as hedging instruments follows:


	Asset Derivatives					Liability Derivatives
(in thousands)	Balance Sheet Location	June 30, 2021		December 31, 2020		Balance Sheet Location	June 30, 2021		December 31, 2020
Foreign currency contracts	Other current assets	$	16,802	$	20,004	Other accrued liabilities	$	975	$	4

Foreign currency contracts	Other assets	2,902		2,184		Noncurrent liabilities	52		25
Total		$	19,704	$	22,188		$	1,027	$	29

Schedule of derivative instrument gain (loss)

The after-tax amount of gain (loss) recognized in OCI associated with derivative instruments designated as cash flow hedges follows:


	Three Months Ended June 30,		Six Months Ended June 30,
Cash Flow Hedges (in thousands)	2021	2020	2021	2020
Foreign currency contracts	5,315	1,143	6,188	(3,997)
Commodity contracts	—	3	—	(108)
	5,315	1,146	6,188	(4,105)

Schedule of after-tax amount of gain (loss) recognized in OCI and reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges

The after-tax amount of gain (loss) reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges follows:


		Three Months Ended June 30,				Six Months Ended June 30,
Cash Flow Hedges (in thousands)	Location of Gain (Loss)	2021		2020		2021		2020
Foreign currency contracts	Cost of revenue	$	5,159	$	(88)	$	9,502	$	538
Commodity contracts	Cost of revenue	—		(112)		—		(100)
Interest rate contracts	Interest expense	(419)		(419)		(838)		(838)
Total		$	4,740	$	(619)	$	8,664	$	(400)

Other Comprehensive Income (Loss) - (Tables)

6 Months Ended

Jun. 30, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of tax effects of components of other comprehensive income (loss)

The components of OCI follow:


	Three Months Ended June 30, 2021						Three Months Ended June 30, 2020
(in thousands)	Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount		Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount
OCI:
Foreign currency translation adjustments	$	(1,279)	$	—	$	(1,279)	$	31,072	$	—	$	31,072
Ownership share of equity method investees’ OCI	(847)		772		(75)		(14,901)		4,247		(10,654)
DB plan adjustments	1,201		(10)		1,191		998		(43)		955
Unrealized gain (loss) on hedges	806		(231)		575		1,297		468		1,765
Total OCI	(119)		531		412		18,466		4,672		23,138
Less: OCI attributable to NCI	(394)		—		(394)		2,421		—		2,421
OCI attributable to Fluor	$	275	$	531	$	806	$	16,045	$	4,672	$	20,717


	Six Months Ended June 30, 2021						Six Months Ended June 30, 2020
(in thousands)	Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount		Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount
OCI:
Foreign currency translation adjustments	$	1,431	$	(11)	$	1,420	$	(80,029)	$	—	$	(80,029)
Ownership share of equity method investees’ OCI	(3,287)		1,148		(2,139)		(17,420)		(1,406)		(18,826)
DB plan adjustments	2,401		441		2,842		2,001		—		2,001
Unrealized gain (loss) on hedges	(2,643)		167		(2,476)		(4,577)		872		(3,705)
Total OCI	(2,098)		1,745		(353)		(100,025)		(534)		(100,559)
Less: OCI attributable to NCI	(596)		—		(596)		(1,796)		—		(1,796)
OCI attributable to Fluor	$	(1,502)	$	1,745	$	243	$	(98,229)	$	(534)	$	(98,763)

Schedule of changes in accumulated other comprehensive income balances by component (after-tax)

The changes in AOCI balances follow:


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of March 31, 2021	$	(258,059)	$	(56,048)	$	(116,938)	$	13,576	$	(417,469)
OCI before reclassifications	(885)		(220)		—		5,315		4,210
Amounts reclassified from AOCI	—		145		1,191		(4,740)		(3,404)
Net OCI	(885)		(75)		1,191		575		806
Balance as of June 30, 2021	$	(258,944)	$	(56,123)	$	(115,747)	$	14,151	$	(416,663)

Attributable to NCI:
Balance as of March 31, 2021	$	(4,370)	$	—	$	—	$	—	$	(4,370)
OCI before reclassifications	(394)		—		—		—		(394)
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	(394)		—		—		—		(394)
Balance as of June 30, 2021	$	(4,764)	$	—	$	—	$	—	$	(4,764)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of December 31, 2020	$	(260,960)	$	(53,984)	$	(118,589)	$	16,627	$	(416,906)
OCI before reclassifications	2,016		(2,423)		—		6,188		5,781
Amounts reclassified from AOCI	—		284		2,842		(8,664)		(5,538)
Net OCI	2,016		(2,139)		2,842		(2,476)		243
Balance as of June 30, 2021	$	(258,944)	$	(56,123)	$	(115,747)	$	14,151	$	(416,663)

Attributable to NCI:
Balance as of December 31, 2020	$	(4,168)	$	—	$	—	$	—	$	(4,168)
OCI before reclassifications	(596)		—		—		—		(596)
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	(596)		—		—		—		(596)
Balance as of June 30, 2021	$	(4,764)	$	—	$	—	$	—	$	(4,764)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor:
Balance as of March 31, 2020	$	(349,834)	$	(43,628)	$	(98,151)	$	(7,740)	$	(499,353)
OCI before reclassifications	28,651		(10,786)		1		1,146		19,012
Amounts reclassified from AOCI	—		132		954		619		1,705
Net OCI	28,651		(10,654)		955		1,765		20,717
Balance as of June 30, 2020	$	(321,183)	$	(54,282)	$	(97,196)	$	(5,975)	$	(478,636)

Attributable to NCI:
Balance as of March 31, 2020	$	(9,268)	$	—	$	—	$	—	$	(9,268)
OCI before reclassifications	2,421		—		—		—		2,421
Amounts reclassified from AOCI	—		—		—		—		—
Net OCI	2,421		—		—		—		2,421
Balance as of June 30, 2020	$	(6,847)	$	—	$	—	$	—	$	(6,847)


(in thousands)	Foreign Currency Translation		Ownership Share of Equity Method Investees’ OCI		DB Plans		Unrealized Gain (Loss) on Hedges		AOCI, Net
Attributable to Fluor Corporation:
Balance as of December 31, 2019	$	(242,950)	$	(35,456)	$	(99,197)	$	(2,270)	$	(379,873)
OCI before reclassifications	(78,233)		(19,099)		1		(4,105)		(101,436)
Amounts reclassified from AOCI	—		273		2,000		400		2,673
Net OCI	(78,233)		(18,826)		2,001		(3,705)		(98,763)
Balance as of June 30, 2020	$	(321,183)	$	(54,282)	$	(97,196)	$	(5,975)	$	(478,636)

Attributable to NCI:
Balance as of December 31, 2019	$	(5,051)	$	—	$	—	$	—	$	(5,051)
OCI before reclassifications	(1,796)		—		—		—		(1,796)
Amounts reclassified from AOCI	—		—		—		—		—
Net other comprehensive income (loss)	(1,796)		—		—		—		(1,796)
Balance as of June 30, 2020	$	(6,847)	$	—	$	—	$	—	$	(6,847)

Schedule of significant items reclassified out of AOCI and corresponding location and impact

Information about reclassifications out of AOCI follows:


		Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	Location in Statement of Operations	2021		2020		2021		2020
Component of AOCI:

Ownership share of equity method investees’ OCI	Cost of revenue	$	(193)	$	(176)	$	(379)	$	(364)
Income tax benefit	Income tax expense (benefit)	48		44		95		91
Net of tax		$	(145)	$	(132)	$	(284)	$	(273)

DB plan adjustments	G&A	$	(1,201)	$	(998)	$	(2,401)	$	(2,000)
Income tax benefit	Income tax expense (benefit)	10		44		(441)		—
Net of tax		$	(1,191)	$	(954)	$	(2,842)	$	(2,000)

Unrealized gain (loss) on derivative contracts:
Commodity and foreign currency contracts	Various accounts(1)	$	6,604	$	(240)	$	11,822	$	402
Interest rate contracts	Interest expense	(419)		(419)		(838)		(838)
Income tax benefit	Income tax expense (benefit)	(1,445)		40		(2,320)		36
Net of tax		$	4,740	$	(619)	$	8,664	$	(400)

(1)Gains and losses on commodity and foreign currency derivative contracts were reclassified to "Cost of revenue" and "G&A"

Discontinued Operations - (Tables)

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Impairment Expense

We did not recognize any impairment expense in Cont Ops during the 2021 and 2020 Quarters. Impairment expense, included in Cont Ops, for the 2021 and 2020 Periods is summarized as follows:


	Six Months Ended June 30,
(in thousands)		2021		2020
Impairment expense:
Energy Solutions' equity method investment		$	26,392	$	86,096
Information technology assets		—		16,269
Total impairment expense		$	26,392	$	102,365

Impairment expense, included in Disc Ops, is summarized as follows:


	Three Months Ended June 30, 2021				Six Months Ended June 30, 2021				Six Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Stork		AMECO		Stork		AMECO
Impairment expense: (1)
Goodwill	$	—	$	—	$	12,700	$	—	$	168,568	$	12,300
Intangible customer relationships	—		—		—		—		26,671		—
Fair value adjustment and expected costs associated with sale	52,700		48,276		60,500		48,276		—		87,700
Total impairment expense	$	52,700	$	48,276	$	73,200	$	48,276	$	195,239	$	100,000

(1) There was no impairment expense recognized during the 2020 Quarter.

Earnings from discontinued operations, net of tax

Disc Ops information follows:


	Three Months Ended June 30, 2021								Three Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Other		Total		Stork		AMECO		Other		Total
Revenue	$	423,774	$	36,811	$	—	$	460,585	$	355,827	$	50,891	$	—	$	406,718
Cost of revenue	406,482		31,151		1,824		439,457		365,683		45,394		3,674		414,751
Gross Profit	17,292		5,660		(1,824)		21,128		(9,856)		5,497		(3,674)		(8,033)

G&A	(2,128)		—		—		(2,128)		—		(37)		(4)		(41)
Impairment expense (1)	(52,700)		(48,276)		—		(100,976)		—		—		—		—
Loss on sale of AMECO North America	—		(24,864)		—		(24,864)		—		—		—		—
Foreign currency gain (loss)	(7)		245		—		238		140		(230)		—		(90)
Operating profit	(37,543)		(67,235)		(1,824)		(106,602)		(9,716)		5,230		(3,678)		(8,164)

Interest (expense) income, net	(1,256)		99		—		(1,157)		(1,376)		(9)		—		(1,385)
Earnings (loss) before taxes from Disc Ops	(38,799)		(67,136)		(1,824)		(107,759)		(11,092)		5,221		(3,678)		(9,549)
Income tax expense (benefit)	1,558		(1,838)		—		(280)		(274)		485		—		211
Net earnings (loss) from Disc Ops	(40,357)		(65,298)		(1,824)		(107,479)		(10,818)		4,736		(3,678)		(9,760)

Less: Net earnings (loss) from Disc Ops attributable to NCI	297		1		—		298		310		—		—		310
Net earnings (loss) from Disc Ops attributable to Fluor	(40,654)		(65,299)		(1,824)		(107,777)		(11,128)		4,736		(3,678)		(10,070)

(1) Impairment expense during the 2021 Quarter represents the effect of including Stork's cumulative foreign currency translation balance in the impairment assessment.


	Six Months Ended June 30, 2021								Six Months Ended June 30, 2020
(in thousands)	Stork		AMECO		Other		Total		Stork		AMECO		Other		Total
Revenue	$	808,026	$	77,527	$	—	$	885,553	$	775,839	$	112,278	$	—	$	888,117
Cost of revenue	787,564		75,120		2,877		865,561		784,502		94,487		9,370		888,359
Gross profit	20,462		2,407		(2,877)		19,992		(8,663)		17,791		(9,370)		(242)

G&A	(2,506)		—		—		(2,506)		—		(51)		(12)		(63)
Impairment expense (1)	(73,200)		(48,276)		—		(121,476)		(195,239)		(100,000)		—		(295,239)
Loss on sale of AMECO North America	—		(24,864)		—		(24,864)		—		—		—		—
Foreign currency gain (loss)	3		1,078		—		1,081		(1,006)		(303)		—		(1,309)
Operating profit	(55,241)		(69,655)		(2,877)		(127,773)		(204,908)		(82,563)		(9,382)		(296,853)

Interest (expense) income, net	(2,609)		203		—		(2,406)		(3,021)		40		—		(2,981)
Earnings (loss) before taxes from Disc Ops	(57,850)		(69,452)		(2,877)		(130,179)		(207,929)		(82,523)		(9,382)		(299,834)
Income tax expense (benefit)	4,182		(1,123)		—		3,059		(4,826)		1,942		—		(2,884)
Net earnings (loss) from Disc Ops	(62,032)		(68,329)		(2,877)		(133,238)		(203,103)		(84,465)		(9,382)		(296,950)

Less: Net earnings (loss) from Disc Ops attributable to NCI	591		—		—		591		687		—		—		687
Net earnings (loss) from Disc Ops attributable to Fluor	(62,623)		(68,329)		(2,877)		(133,829)		(203,790)		(84,465)		(9,382)		(297,637)

(1) Impairment expense during the 2021 Quarter represents the effect of including Stork's cumulative foreign currency translation balance in the impairment assessment.

Assets and liabilities held for sale

The following summarizes information related to assets and liabilities classified as held for sale:


	June 30, 2021												December 31, 2020
(in thousands)	Stork		AMECO		Other		Total from Disc Ops		Other Assets and Liabilities from Cont Ops		Total		Stork		AMECO		Other		Total from Disc Ops		Other Assets and Liabilities from Cont Ops		Total
Accounts receivable, net	$	220,059	$	32,268	$	10,475	$	262,802	$	—	$	262,802	$	245,105	$	42,797	$	10,475	$	298,377	$	—	$	298,377
Contract assets	155,268		—		—		155,268		—		155,268		108,152		2,188		—		110,340		—		110,340
Other current assets	44,375		11,143		—		55,518		—		55,518		45,384		73,618		—		119,002		—		119,002
Current assets held for sale	$	419,702	$	43,411	$	10,475	$	473,588	$	—	$	473,588	$	398,641	$	118,603	$	10,475	$	527,719	$	—	$	527,719

Property, plant and equipment, net	$	94,833	$	36,005	$	—	$	130,838	$	22,079	$	152,917	$	97,258	$	67,380	$	—	$	164,638	$	24,538	$	189,176
Goodwill	120,246		—		—		120,246		—		120,246		141,889		—		—		141,889		—		141,889
Investments	3,552		—		—		3,552		5,331		8,883		4,649		—		—		4,649		5,064		9,713

Other assets	122,915		17,324		—		140,239		—		140,239		135,421		13,810		—		149,231		—		149,231
Noncurrent assets held for sale(1)	$	341,546	$	53,329	$	—	$	394,875	$	27,410	$	422,285	$	379,217	$	81,190	$	—	$	460,407	$	29,602	$	490,009
Total assets held for sale	$	761,248	$	96,740	$	10,475	$	868,463	$	27,410	$	895,873	$	777,858	$	199,793	$	10,475	$	988,126	$	29,602	$	1,017,728

Accounts payable	$	121,742	$	7,243	$	1	$	128,986	$	—	$	128,986	$	116,580	$	17,388	$	13	$	133,981	$	—	$	133,981
Short-term borrowings	19,152		—		—		19,152		—		19,152		20,525		—		—		20,525		—		20,525
Contract liabilities	42,183		768		—		42,951		—		42,951		46,997		782		—		47,779		—		47,779
Accrued salaries, wages and benefits	52,391		1,130		—		53,521		—		53,521		57,626		7,152		—		64,778		—		64,778
Other accrued liabilities	186,030		46,637		—		232,667		—		232,667		113,965		11,977		—		125,942		—		125,942
Current liabilities held for sale	$	421,498	$	55,778	$	1	$	477,277	$	—	$	477,277	$	355,693	$	37,299	$	13	$	393,005	$	—	$	393,005

Noncurrent liabilities held for sale(1)	$	85,927	$	9,572	$	—	$	95,499	$	—	$	95,499	$	98,940	$	9,478	$	—	$	108,418	$	—	$	108,418
Total liabilities held for sale	$	507,425	$	65,350	$	1	$	572,776	$	—	$	572,776	$	454,633	$	46,777	$	13	$	501,423	$	—	$	501,423

(1) Noncurrent assets and liabilities held for sale as of June 30, 2021 are reported as current given the expected sale timing.

Schedule of Cash Flow, Supplemental Disclosures

Cash Paid for Interest and Taxes


	Six Months Ended June 30,
(in thousands)	2021		2020
Cash paid for:
Interest	$	42,074	$	38,361
Income taxes (net of refunds)	68,200		31,649

Our cash flow information included the following activities related to Disc Ops:


	Six Months Ended June 30,
	2021			2020
(in thousands)	Stork	AMECO	Total	Stork	AMECO	Total
Capital expenditures	(8,142)	(10,832)	(18,974)	(12,723)	(12,330)	(25,053)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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+ Details

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Amounts Attributable to Parent, Disclosures [Abstract]
Net earnings (loss) from Cont Ops attributable to Fluor	$ (6,668)	$ (14,920)	$ (67,640)	$ 6,688
Less: Dividends on convertible preferred stock	4,875	0	4,875	0
Net earnings (loss) from Cont Ops available to Fluor common stockholders	(11,543)	(14,920)	(72,515)	6,688
Net earnings (loss) from Disc Ops attributable to Fluor	(107,777)	(10,070)	(133,829)	(297,637)
Net earnings (loss) available to Fluor common stockholders	$ (119,320)	$ (24,990)	$ (206,344)	$ (290,949)
Weighted average common shares outstanding (shares)	141,374	140,536	141,137	140,399
Diluted effect:
Convertible preferred stock (in shares)	0	0	0	0
Stock options, RSU's, restricted stock and performance-based award units (in shares)	0	0	0	411
Weighted average diluted shares outstanding (in shares)	141,374	140,536	141,137	140,810
Basic EPS available to Fluor common stockholders:
Earnings (loss) from Cont Ops (in dollars per share)	$ (0.08)	$ (0.11)	$ (0.51)	$ 0.05
Earnings (loss) from Disc Ops, net of taxes (in dollars per share)	(0.76)	(0.07)	(0.95)	(2.12)
Diluted EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops (in dollars per share)	(0.08)	(0.11)	(0.51)	0.05
Net earnings (loss) from Disc Ops (in dollars per share)	$ (0.76)	$ (0.07)	$ (0.95)	$ (2.11)
Anti-dilutive securities not included above (in shares)	14,457	384	8,178	0

Operating Information by Segment and Geographic Area - Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenue	$ 3,236,407	$ 3,734,942	$ 6,174,933	$ 7,432,636
Total segment profit (loss)	(2,395)	33,270	(12,874)	6,356
General and administrative expense	(31,474)	(42,598)	(97,068)	(76,156)
Impairment, restructuring and other exit costs	0	(3,824)	(26,392)	(106,189)
Foreign currency gain (loss)	(30,386)	798	(41,656)	45,960
Earnings (loss) from Cont Ops before taxes	(13,203)	22,857	(40,758)	(8,684)
Continuing Operations
Segment Reporting Information [Line Items]
General and administrative expense	(31,500)	(42,600)	(97,100)	(76,200)
Impairment, restructuring and other exit costs	0	(3,800)	(26,400)	(106,200)
Foreign currency gain (loss)	(30,400)	800	(41,700)	46,000
Interest income (expense), net	(10,800)	(10,400)	(27,900)	(15,000)
Earnings (loss) from Cont Ops attributable to NCI	(7,700)	6,400	25,100	15,500
Earnings (loss) from Cont Ops before taxes	(13,200)	22,800	(40,800)	(8,700)
Continuing Operations \| Reportable segments
Segment Reporting Information [Line Items]
Revenue	3,236,400	3,734,900	6,174,900	7,432,600
Total segment profit (loss)	67,200	72,400	127,200	127,200
Continuing Operations \| Energy Solutions \| Reportable segments
Segment Reporting Information [Line Items]
Revenue	1,319,100	1,498,000	2,310,000	2,857,200
Total segment profit (loss)	109,200	42,700	111,400	36,800
Continuing Operations \| Urban Solutions \| Reportable segments
Segment Reporting Information [Line Items]
Revenue	1,210,200	1,512,500	2,404,500	3,104,800
Total segment profit (loss)	(68,400)	38,500	(38,600)	89,900
Continuing Operations \| Mission Solutions \| Reportable segments
Segment Reporting Information [Line Items]
Revenue	707,100	724,400	1,460,400	1,470,600
Total segment profit (loss)	$ 44,900	$ 9,700	$ 88,600	$ 41,800

Operating Information by Segment and Geographic Area - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenue	$ 3,236,407	$ 3,734,942	$ 6,174,933	$ 7,432,636
Capital contributions by NCI			106,019	39,520
Urban Solutions
Segment Reporting Information [Line Items]
Effect of forecast revision on estimated project cost	$ 138,000		$ 138,000
Effect of forecast revision on estimated project cost (in dollars per share)	$ 0.72		$ 0.72
Realized gain on disposal	$ 20,000		$ 20,000
Urban Solutions \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue	$ 69,000	$ 62,000	139,000	$ 139,000
Other \| Reportable segments \| Nu Scale Power \| JGC Holdings Corporation, GS Energy And IHI Corporation
Segment Reporting Information [Line Items]
Capital contributions by NCI			$ 100,000

Operating Information by Segment and Geographic Area - NuScale Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Operating profit	$ (2,395)	$ 33,270	$ (12,874)	$ 6,356
Reportable segments \| Other \| Nu Scale Power
Segment Reporting Information [Line Items]
NuScale expenses	(34,800)	(39,100)	(65,900)	(74,600)
Less: Reimbursable expenses	16,300	20,600	31,700	33,300
Operating profit	$ (18,500)	$ (18,500)	$ (34,200)	$ (41,300)

Operating Information by Segment and Geographic Area - Total Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 7,856,477	$ 7,309,812
Reportable segments \| Energy Solutions
Segment Reporting Information [Line Items]
Assets	1,118,500	1,010,900
Reportable segments \| Urban Solutions
Segment Reporting Information [Line Items]
Assets	1,204,900	1,122,500
Reportable segments \| Mission Solutions
Segment Reporting Information [Line Items]
Assets	548,900	575,800
Reportable segments \| Other
Segment Reporting Information [Line Items]
Assets	$ 35,600	$ 37,800

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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+ Details

Operating Information by Segment and Geographic Area - External Revenue and Total Assets by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 3,236,407	$ 3,734,942	$ 6,174,933	$ 7,432,636
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	2,065,400	2,429,300	4,037,100	4,757,800
Asia Pacific (includes Australia)
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	409,500	342,700	746,100	651,400
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	379,100	623,100	634,000	1,100,000
Central and South America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	301,000	210,500	565,700	634,200
Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 81,400	$ 129,300	$ 192,000	$ 289,200

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Impairment, Restructuring and Other Exit Costs - Schedule of Impairment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Restructuring [Line Items]
Total impairment expense	$ 26,392	$ 102,365
Technology-Based Intangible Assets
Restructuring [Line Items]
Information technology assets	0	16,269
Energy Solutions
Restructuring [Line Items]
Energy Solutions' equity method investments	$ 26,392	$ 86,096

Impairment, Restructuring and Other Exit Costs - Restructuring Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Restructuring Reserve [Roll Forward]
Restructuring charges accrued during the period	$ 0	$ 3,824	$ 26,392	$ 106,189
Severance
Restructuring Reserve [Roll Forward]
Restructuring reserve balance at the beginning of the period			16,481	30,479	$ 30,479
Restructuring charges accrued during the period					3,720
Cash payments / settlements during the period			(13,794)		(18,858)
Currency translation			(54)		1,140
Restructuring reserve balance at the end of the period	2,633		2,633		16,481
Lease Exit Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve balance at the beginning of the period			106	564	564
Restructuring charges accrued during the period					334
Cash payments / settlements during the period			0		(793)
Currency translation			0		1
Restructuring reserve balance at the end of the period	106		106		106
Total
Restructuring Reserve [Roll Forward]
Restructuring reserve balance at the beginning of the period			16,587	31,043	31,043
Restructuring charges accrued during the period					4,054
Cash payments / settlements during the period			(13,794)		(19,651)
Currency translation			(54)		1,141
Restructuring reserve balance at the end of the period	$ 2,739		$ 2,739		$ 16,587
AMECO
Restructuring [Line Items]
Restructuring related severance costs		$ 4,000		$ 4,000

Income Taxes - Narrative (Details)	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Effective tax rate, continuing operations (as a percent)	(9.30%)	137.20%	(4.50%)	356.10%

Cash Paid for Interest and Taxes - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash paid during the year for:
Interest	$ 42,074	$ 38,361
Income taxes (net of refunds)	$ 68,200	$ 31,649

Partnerships and Joint Ventures - Ownership and Receivables (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
COOEC Fluor Heavy Industries Co., Ltd.
Variable interest entity information
Capital contribution		$ 26
Variable Interest Entity, Not Primary Beneficiary \| Accounts and notes receivable, net
Variable interest entity information
Receivables related to work performed for unconsolidated partnerships and joint ventures	$ 218			$ 218	$ 207
COOEC Fluor Heavy Industries Co., Ltd.
Variable interest entity information
Ownership percentage				49.00%
Discontinued Operations, Disposed of by Sale \| SACYR \| Energy & Chemicals
Variable interest entity information
Ownership percentage			50.00%
Loss on sale of investment			$ 11
Discontinued Operations, Disposed of by Sale \| SACYR \| Urban Solutions
Variable interest entity information
Ownership percentage	10.00%
Loss on sale of investment	$ 20
Partnership \| Minority Interest Ownership Percentage by Parent \| Majority
Variable interest entity information
Entity's interest in partnership or joint venture (as a percent)	50.00%			50.00%

Partnerships and Joint Ventures - Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Variable interest entity information
Carrying value of assets	$ 7,856,477	$ 7,309,812
Variable Interest Entity, Not Primary Beneficiary
Variable interest entity information
Net carrying value of the unconsolidated VIEs	65,000	174,000
Variable Interest Entity, Not Primary Beneficiary \| Future funding commitment
Variable interest entity information
Commitment amount	57,000
Variable Interest Entity, Primary Beneficiary
Variable interest entity information
Carrying value of assets	1,400,000	1,200,000
Carrying value of liabilities	$ 718,000	$ 688,000

Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Topic 852
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-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765

Reference 3: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-Paragraph 30
-Subparagraph (d)
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (b)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.13-02(a)(5))
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (f)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 470
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
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-URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

Guarantees - Narrative (Details) $ in Billions	Jun. 30, 2021 USD ($)
Performance Guarantee
Guarantees
Estimated performance guarantees outstanding	$ 12

Contingencies and Commitments - Narrative (Details) $ in Millions			1 Months Ended
	Aug. 23, 2019 AUD ($)	Dec. 13, 2016 AUD ($)	Sep. 30, 2018 action	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Aug. 31, 2019 USD ($)	Aug. 23, 2019 USD ($)	Aug. 12, 2016 USD ($)
Loss Contingencies [Line Items]
Number of actions filed \| action			10
Contracts receivable				$ 215,000,000	$ 216,000,000
Barrick \| Fluor/TECHINT
Loss Contingencies [Line Items]
Letters of credit outstanding, amount						$ 36,000,000
Parent Company \| Barrick \| Fluor/TECHINT
Loss Contingencies [Line Items]
Letters of credit outstanding, amount						24,000,000
Partnership Interest \| Barrick \| Fluor/TECHINT
Loss Contingencies [Line Items]
Letters of credit outstanding, amount						$ 12,000,000
Pending litigation
Loss Contingencies [Line Items]
Damages sought		$ 1,470
Pending litigation \| Sadara Chemical Company
Loss Contingencies [Line Items]
Damages sought	$ 100
Estimate of possible loss							$ 574,000,000
Pending litigation \| Fluor/TECHINT
Loss Contingencies [Line Items]
Estimate of possible loss					$ 330,000,000			$ 250,000,000

Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Contract assets
Unbilled receivables - reimbursable contracts	$ 621,000		$ 590,000
Contract work in progress - lump-sum contracts	374,000		270,000
Contract assets	994,890		859,675
Advance billings deducted from contract assets	240,000		$ 308,000
Information about contract liabilities:
Revenue recognized that was included in contract liabilities as of January 1	$ 794,000	$ 591,000

Remaining Unsatisfied Performance Obligations - Schedule of remaining performance obligation (Details) $ in Millions	Jun. 30, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 20,648
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 10,231
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period (in years)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 5,881
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period (in years)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 4,536
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period (in years)

Remaining Unsatisfied Performance Obligations - Narrative (Details) $ in Billions	6 Months Ended
	Jun. 30, 2021 USD ($)
Energy Solutions \| North America
Segment Reporting Information [Line Items]
Decrease in remaining unsatisfied performance obligation from cancelled project	$ 2

Debt and Letters of Credit - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current:
Other borrowings	$ 4,738	$ 4,890
Long-term:
Borrowings under credit facility	0	0
Long-term debt	1,678,740	1,701,098
Total long-term	1,678,740	1,701,098
2023 Notes
Long-term:
Long-term debt	588,740	611,250
Unamortized discount	(213)	(283)
Unamortized deferred financing costs	(917)	(1,203)
2024 Notes
Long-term:
Long-term debt	499,000	500,000
Unamortized discount	(1,861)	(2,130)
Unamortized deferred financing costs	(1,459)	(1,670)
2028 Notes
Long-term:
Long-term debt	600,000	600,000
Unamortized discount	(917)	(981)
Unamortized deferred financing costs	$ (3,633)	$ (3,885)

Debt and Letters of Credit - Narrative (Details) $ in Thousands, € in Millions	1 Months Ended		6 Months Ended
	Jul. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 EUR (€)
Financing Arrangements
Repayments of debt			$ 4,572	$ 0
Senior Notes 1.750%, Due 2023 and Senior Notes 3.50%, Due 2024
Financing Arrangements
Repayments of debt		$ 5,000
Senior Notes 1.750%, Due 2023 and Senior Notes 3.50%, Due 2024 \| Subsequent Event
Financing Arrangements
Repayments of debt	$ 21,000
Loss on debt redemptions	$ 800
Senior Notes 1.750%, Due 2023 and Senior Notes 3.50%, Due 2024 \| General and Administrative Expense
Financing Arrangements
Loss on debt redemptions		100
Lines of credit
Financing Arrangements
Amount outstanding under credit facilities		431,000	431,000
Lines of credit \| Committed Line of Credit
Financing Arrangements
Current borrowing capacity		783,000	783,000
Lines of credit \| Committed Line of Credit \| Revolving Loan And Letter Of Credit Facility Agreement \| Subsidiaries
Financing Arrangements
Covenant minimum liquidity			1,500,000
Covenant minimum liquidity, after repayments of debt			1,250,000
Lines of credit \| Committed Line of Credit \| Revolving Loan and Letter Of Credit Facility Agreement 1.7 Billion
Financing Arrangements
Maximum borrowing capacity		1,650,000	$ 1,650,000
Lines of credit \| Committed Line of Credit \| Revolving Loan and Letter Of Credit Facility Agreement 1.7 Billion \| Minimum
Financing Arrangements
Ratio of consolidated debt to tangible net worth (as a percent)			65.00%
Lines of credit \| Committed Line of Credit \| Revolving Loan and Letter Of Credit Facility Agreement 1.7 Billion \| Minimum \| Subsidiaries
Financing Arrangements
Aggregate amount of debt \| €					€ 750
Lines of credit \| Committed Line of Credit \| Revolving Loan and Letter Of Credit Facility Agreement 1.7 Billion \| Maximum
Financing Arrangements
Ratio of consolidated debt to tangible net worth (as a percent)			100.00%
Lines of credit \| Committed Line of Credit \| Revolving Loan and Letter Of Credit Facility Agreement 1.7 Billion \| Maximum \| Subsidiaries
Financing Arrangements
Aggregate amount of debt		750,000	$ 750,000
Lines of credit \| Uncommitted Line of Credit
Financing Arrangements
Amount outstanding under credit facilities		$ 915,000	$ 915,000

Preferred Stock (Details) $ / shares in Units, $ in Millions	1 Months Ended		6 Months Ended
	Jul. 31, 2021 USD ($)	May 31, 2021 shares	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2020 shares
Class of Stock [Line Items]
Preferred stock dividends accumulated			$ 5
Preferred stock dividends declared amount			$ 0
Preferred stock, liquidation preference per share (in dollars per share) \| $ / shares			$ 1,000
Preferred stock, convertible, conversion rate (in shares)			44.9585
Preferred stock, shares authorized (in shares) \| shares		200,000	20,000,000	20,000,000
Subsequent Event
Class of Stock [Line Items]
Preferred stock dividends declared amount	$ 10
Convertible Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate		6.50%
Convertible Preferred Stock \| Private Placement
Class of Stock [Line Items]
Number of shares of Series A, cumulative convertible preferred stock \| shares		600,000

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair value of assets and liabilities measured on recurring basis
Derivative assets	$ 19,704	$ 22,188
Derivative liabilities	1,027	29
Fair Value, Measurements, Recurring
Fair value of assets and liabilities measured on recurring basis
Deferred compensation trusts	10,760	9,626
Fair Value, Measurements, Recurring \| Foreign currency contracts
Fair value of assets and liabilities measured on recurring basis
Derivative assets	23,855	22,667
Derivative liabilities	5,291	2,571
Fair Value, Measurements, Recurring \| Commodity
Fair value of assets and liabilities measured on recurring basis
Derivative assets	4,257	806
Derivative liabilities	209	5,059
Fair Value, Measurements, Recurring \| Level 1
Fair value of assets and liabilities measured on recurring basis
Deferred compensation trusts	10,760	9,626
Fair Value, Measurements, Recurring \| Level 2 \| Foreign currency contracts
Fair value of assets and liabilities measured on recurring basis
Derivative assets	23,855	22,667
Derivative liabilities	5,291	2,571
Fair Value, Measurements, Recurring \| Level 2 \| Commodity
Fair value of assets and liabilities measured on recurring basis
Derivative assets	4,257	806
Derivative liabilities	$ 209	$ 5,059

Fair Value Measurements - Financial Instruments Not Required to be Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Carrying Value \| Level 2
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Marketable securities, current	$ 31,651	$ 23,345
Carrying Value \| Level 2 \| 2023 Notes
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	587,610	609,764
Carrying Value \| Level 2 \| 3.375% Senior Notes
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	495,680	496,200
Carrying Value \| Level 2 \| 2024 Notes
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	595,450	595,134
Carrying Value \| Level 2 \| Other borrowings
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	4,738	4,890
Carrying Value \| Level 3
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Notes receivable, including noncurrent portion	25,381	28,488
Fair Value \| Level 2
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Marketable securities, current	31,651	23,345
Fair Value \| Level 2 \| 2023 Notes
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	600,573	578,554
Fair Value \| Level 2 \| 3.375% Senior Notes
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	527,727	494,045
Fair Value \| Level 2 \| 2024 Notes
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	610,188	599,220
Fair Value \| Level 2 \| Other borrowings
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Debt	4,738	4,890
Fair Value \| Level 3
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Notes receivable, including noncurrent portion	25,381	28,488
Cash \| Carrying Value \| Level 1
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Cash and cash equivalents	1,424,542	1,180,024
Cash \| Fair Value \| Level 1
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Cash and cash equivalents	1,424,542	1,180,024
Cash equivalents \| Carrying Value \| Level 2
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Cash and cash equivalents	1,286,573	1,018,757
Cash equivalents \| Fair Value \| Level 2
Estimated fair values of the company's financial instruments that are not measured at fair value on a recurring basis
Cash and cash equivalents	$ 1,286,573	$ 1,018,757

Stock-Based Compensation - Narrative (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
2019 Performance Award Plan
Stock-Based Plans
Granted (in shares)	116,844
Granted, weighted average grant date fair value (in dollars per share)	$ 20.18
Restricted stock units \| Executives
Stock-Based Plans
Granted (in shares)	596,391
Granted, weighted average grant date fair value (in dollars per share)	$ 18.67
Vesting period (in years)	3 years
Stock options \| Executives
Stock-Based Plans
Vesting period (in years)	3 years
Options granted (in shares)	481,626
Options granted weighted-average exercise price, per share (in dollars per share)	$ 17.96
Expiration period (in years)	10 years
Stock-based VDI units \| Executives
Stock-Based Plans
Granted (in shares)	613,868	0
Vesting period (in years)	3 years
Stock-based VDI units \| 2019 Performance Award Plan \| Executives
Stock-Based Plans
Post-vest holding period (in years)	3 years

Stock-Based Compensation - Schedule of Performance-Based Awards Granted (Details)	6 Months Ended
	Jun. 30, 2021 $ / shares shares
2021 Performance Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based Award Units Granted (in shares) \| shares	204,623
Weighted Average Grant Date Fair Value Per Share (in dollars per share) \| $ / shares	$ 20.49
2020 Performance Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based Award Units Granted (in shares) \| shares	385,455
Weighted Average Grant Date Fair Value Per Share (in dollars per share) \| $ / shares	$ 19.98
2019 Performance Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based Award Units Granted (in shares) \| shares	116,844
Weighted Average Grant Date Fair Value Per Share (in dollars per share) \| $ / shares	$ 20.18

Retirement Plans - Schedule of Net Periodic Pension Expense and Narrative (Details) - Defined Benefit Pension Plans - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net periodic pension expense for defined benefit pension plans
Service cost	$ 4,398	$ 4,196	$ 8,791	$ 8,400
Interest cost	1,779	2,235	3,557	4,476
Expected return on assets	(7,248)	(6,288)	(14,487)	(12,592)
Amortization of prior service credit	(218)	(218)	(436)	(436)
Recognized net actuarial loss	1,439	1,134	2,876	2,272
Net periodic pension expense	150	$ 1,059	301	$ 2,120
Company contributions			12,000
Maximum
Net periodic pension expense for defined benefit pension plans
Expected contributions during 2018	$ 16,000		$ 16,000

Derivatives and Hedging - Narrative (Details)	Jun. 30, 2021 USD ($)
Foreign currency contracts
Derivatives, Fair Value [Line Items]
Gross notional amounts	$ 517,000,000
Foreign currency contracts \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Gross notional amounts	175,000,000
Commodity contracts \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Gross notional amounts	0
Commodity contracts \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Gross notional amounts	$ 27,000,000

Derivatives and Hedging - Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 19,704	$ 22,188
Liability Derivatives	1,027	29
Foreign currency contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	16,802	20,004
Foreign currency contracts \| Other assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	2,902	2,184
Foreign currency contracts \| Other accrued liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	975	4
Foreign currency contracts \| Noncurrent liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 52	$ 25

Derivatives and Hedging - Gains (Losses) Associated with Fair Value and Cash Flow Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss)
After-tax amount of gain (loss) recognized in OCI	$ 5,315	$ 1,146	$ 6,188	$ (4,105)
After-tax amount of gain (loss) reclassified from AOCI into earnings	4,740	(619)	8,664	(400)
Foreign currency contracts
Derivative Instruments, Gain (Loss)
After-tax amount of gain (loss) recognized in OCI	5,315	1,143	6,188	(3,997)
After-tax amount of gain (loss) reclassified from AOCI into earnings	5,159	(88)	9,502	538
Commodity
Derivative Instruments, Gain (Loss)
After-tax amount of gain (loss) recognized in OCI	0	3	0	(108)
After-tax amount of gain (loss) reclassified from AOCI into earnings	0	(112)	0	(100)
Interest rate contracts
Derivative Instruments, Gain (Loss)
After-tax amount of gain (loss) reclassified from AOCI into earnings	$ (419)	$ (419)	$ (838)	$ (838)

Other Comprehensive Income (Loss) - Tax Effects of Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	$ (119)	$ 18,466	$ (2,098)	$ (100,025)
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	531	4,672	1,745	(534)
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	412	23,138	(353)	(100,559)
Foreign currency translation adjustments
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	(1,279)	31,072	1,431	(80,029)
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	0	0	(11)	0
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	(1,279)	31,072	1,420	(80,029)
Ownership share of equity method investees’ OCI
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	(847)	(14,901)	(3,287)	(17,420)
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	772	4,247	1,148	(1,406)
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	(75)	(10,654)	(2,139)	(18,826)
DB plan adjustments
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	1,201	998	2,401	2,001
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	(10)	(43)	441	0
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	1,191	955	2,842	2,001
Unrealized gain (loss) on hedges
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	806	1,297	(2,643)	(4,577)
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	(231)	468	167	872
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	575	1,765	(2,476)	(3,705)
Less: OCI attributable to NCI
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	(394)	2,421	(596)	(1,796)
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	0	0	0	0
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	(394)	2,421	(596)	(1,796)
Accumulated Other Comprehensive Loss
Other comprehensive income (loss), Before-Tax Amount:
Before-Tax Amount	275	16,045	(1,502)	(98,229)
Other comprehensive income (loss), Tax Benefit (Expense):
Tax Benefit (Expense)	531	4,672	1,745	(534)
Other comprehensive income (loss), Net-of-Tax Amount:
Total OCI, net of tax	$ 806	$ 20,717	$ 243	$ (98,763)

Other Comprehensive Income (Loss) - Changes in AOCI Balances by Component (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	$ 1,244,657	$ 1,210,165	$ 1,263,227	$ 1,584,092
Total OCI, net of tax	412	23,138	(353)	(100,559)
Balance, end of year	1,771,394	1,230,894	1,771,394	1,230,894
Attributable to Fluor:
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	(417,469)	(499,353)	(416,906)	(379,873)
Other comprehensive income (loss) before reclassifications	4,210	19,012	5,781	(101,436)
Amounts reclassified from AOCI	(3,404)	1,705	(5,538)	2,673
Total OCI, net of tax	806	20,717	243	(98,763)
Balance, end of year	(416,663)	(478,636)	(416,663)	(478,636)
Foreign Currency Translation
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	(258,059)	(349,834)	(260,960)	(242,950)
Other comprehensive income (loss) before reclassifications	(885)	28,651	2,016	(78,233)
Amounts reclassified from AOCI	0	0	0	0
Total OCI, net of tax	(885)	28,651	2,016	(78,233)
Balance, end of year	(258,944)	(321,183)	(258,944)	(321,183)
Ownership Share of Equity Method Investees’ OCI
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	(56,048)	(43,628)	(53,984)	(35,456)
Other comprehensive income (loss) before reclassifications	(220)	(10,786)	(2,423)	(19,099)
Amounts reclassified from AOCI	145	132	284	273
Total OCI, net of tax	(75)	(10,654)	(2,139)	(18,826)
Balance, end of year	(56,123)	(54,282)	(56,123)	(54,282)
DB Plans
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	(116,938)	(98,151)	(118,589)	(99,197)
Other comprehensive income (loss) before reclassifications	0	1	0	1
Amounts reclassified from AOCI	1,191	954	2,842	2,000
Total OCI, net of tax	1,191	955	2,842	2,001
Balance, end of year	(115,747)	(97,196)	(115,747)	(97,196)
Unrealized Gain (Loss) on Hedges
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	13,576	(7,740)	16,627	(2,270)
Other comprehensive income (loss) before reclassifications	5,315	1,146	6,188	(4,105)
Amounts reclassified from AOCI	(4,740)	619	(8,664)	400
Total OCI, net of tax	575	1,765	(2,476)	(3,705)
Balance, end of year	14,151	(5,975)	14,151	(5,975)
Attributable to NCI:
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	(4,370)	(9,268)	(4,168)	(5,051)
Other comprehensive income (loss) before reclassifications	(394)	2,421	(596)	(1,796)
Amounts reclassified from AOCI	0	0	0	0
Total OCI, net of tax	(394)	2,421	(596)	(1,796)
Balance, end of year	(4,764)	(6,847)	(4,764)	(6,847)
Foreign Currency Translation
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	(4,370)	(9,268)	(4,168)	(5,051)
Other comprehensive income (loss) before reclassifications	(394)	2,421	(596)	(1,796)
Amounts reclassified from AOCI	0	0	0	0
Total OCI, net of tax	(394)	2,421	(596)	(1,796)
Balance, end of year	(4,764)	(6,847)	(4,764)	(6,847)
Ownership Share of Equity Method Investees’ OCI
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	0	0	0	0
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Total OCI, net of tax	0	0	0	0
Balance, end of year	0	0	0	0
DB Plans
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	0	0	0	0
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Total OCI, net of tax	0	0	0	0
Balance, end of year	0	0	0	0
Unrealized Gain (Loss) on Hedges
Changes in AOCI balances by component (after-tax)
Balance, beginning of year	0	0	0	0
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Total OCI, net of tax	0	0	0	0
Balance, end of year	$ 0	$ 0	$ 0	$ 0

Other Comprehensive Income (Loss) - Significant Items Reclassified Out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassifications out of accumulated other comprehensive income (loss)
Income tax expense (benefit)	$ (1,228)	$ (31,359)	$ (1,826)	$ 30,922
Interest expense	(15,217)	(15,707)	(35,941)	(32,258)
Net earnings (loss)	(121,910)	(18,262)	(175,822)	(274,712)
Reclassified out of AOCI \| Ownership Share of Equity Method Investees’ OCI
Reclassifications out of accumulated other comprehensive income (loss)
Cost of Revenue	(193)	(176)	(379)	(364)
Income tax expense (benefit)	48	44	95	91
Net earnings (loss)	(145)	(132)	(284)	(273)
Reclassified out of AOCI \| DB Plans
Reclassifications out of accumulated other comprehensive income (loss)
Income tax expense (benefit)	10	44	(441)	0
G&A	(1,201)	(998)	(2,401)	(2,000)
Net earnings (loss)	(1,191)	(954)	(2,842)	(2,000)
Reclassified out of AOCI \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Reclassifications out of accumulated other comprehensive income (loss)
Income tax expense (benefit)	(1,445)	40	(2,320)	36
Net earnings (loss)	4,740	(619)	8,664	(400)
Reclassified out of AOCI \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest \| Commodity and foreign currency contracts
Reclassifications out of accumulated other comprehensive income (loss)
Cost of Revenue	6,604	(240)	11,822	402
Reclassified out of AOCI \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest \| Interest rate contracts
Reclassifications out of accumulated other comprehensive income (loss)
Interest expense	$ (419)	$ (419)	$ (838)	$ (838)

Discontinued Operations - Schedule of Impairment Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense			$ 121,476	$ 295,239
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense		$ 0
Discontinued Operations \| Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	$ 52,700		73,200	195,239
Discontinued Operations \| AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	48,276		48,276	100,000
Discontinued Operations \| Goodwill \| Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	0		12,700	168,568
Discontinued Operations \| Goodwill \| AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	0		0	12,300
Discontinued Operations \| Intangible customer relationships \| Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	0		0	26,671
Discontinued Operations \| Intangible customer relationships \| AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	0		0	0
Discontinued Operations \| Fair value adjustment and expected costs associated with sale \| Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	52,700		60,500	0
Discontinued Operations \| Fair value adjustment and expected costs associated with sale \| AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense	$ 48,276		$ 48,276	$ 87,700

Discontinued Operations - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of AMECO-North America			$ 71,085	$ 0
Impairment expense - Disc Ops			$ 121,476	295,239
Level 3 \| Customer Relationships \| Measurement Input, Weighted Average Long-term Revenue Growth Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input	0.024		0.024
Level 3 \| Customer Relationships \| Measurement Input, Weighted Average Cost of Capital
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input	0.12		0.12
Level 3 \| Customer Relationships \| Measurement Input, Customer Attrition Factor
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input	0.10		0.10
Minimum \| Level 3 \| Customer Relationships \| Measurement Input, Long-term Revenue Growth Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input	0.02		0.02
Maximum \| Level 3 \| Customer Relationships \| Measurement Input, Long-term Revenue Growth Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input	0.055		0.055
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on sale of AMECO North America	$ (24,864)	$ 0	$ (24,864)	0
Impairment expense - Disc Ops		0
AMECO \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of AMECO-North America			71,000
Loss on sale of AMECO North America	(24,864)	$ 0	(24,864)	0
Impairment expense - Disc Ops	48,276		48,276	100,000
AMECO \| Discontinued Operations \| Fair value adjustment and expected costs associated with sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense - Disc Ops	$ 48,276		$ 48,276	$ 87,700

Discontinued Operations - Financial Information of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net earnings (loss) from Disc Ops	$ (107,479)	$ (9,760)	$ (133,238)	$ (296,950)
Net earnings (loss) from Disc Ops attributable to Fluor	(107,777)	(10,070)	(133,829)	(297,637)
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	460,585	406,718	885,553	888,117
Cost of revenue	439,457	414,751	865,561	888,359
Gross Profit	21,128	(8,033)	19,992	(242)
G&A	(2,128)	(41)	(2,506)	(63)
Impairment expense (1)	(100,976)	0	(121,476)	295,239
Loss on sale of AMECO North America	(24,864)	0	(24,864)	0
Foreign currency gain (loss)	238	(90)	1,081	(1,309)
Operating profit	(106,602)	(8,164)	(127,773)	(296,853)
Interest (expense) income, net	(1,157)	(1,385)	(2,406)	(2,981)
Earnings (loss) before taxes from Disc Ops	(107,759)	(9,549)	(130,179)	(299,834)
Income tax expense (benefit)	(280)	211	3,059	(2,884)
Net earnings (loss) from Disc Ops	(107,479)	(9,760)	(133,238)	(296,950)
Less: Net earnings (loss) from Disc Ops attributable to NCI	298	310	591	687
Net earnings (loss) from Disc Ops attributable to Fluor	(107,777)	(10,070)	(133,829)	(297,637)
Discontinued Operations \| Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	423,774	355,827	808,026	775,839
Cost of revenue	406,482	365,683	787,564	784,502
Gross Profit	17,292	(9,856)	20,462	(8,663)
G&A	(2,128)	0	(2,506)	0
Impairment expense (1)	(52,700)	0	(73,200)	(195,239)
Loss on sale of AMECO North America	0	0	0	0
Foreign currency gain (loss)	(7)	140	3	(1,006)
Operating profit	(37,543)	(9,716)	(55,241)	(204,908)
Interest (expense) income, net	(1,256)	(1,376)	(2,609)	(3,021)
Earnings (loss) before taxes from Disc Ops	(38,799)	(11,092)	(57,850)	(207,929)
Income tax expense (benefit)	1,558	(274)	4,182	(4,826)
Net earnings (loss) from Disc Ops	(40,357)	(10,818)	(62,032)	(203,103)
Less: Net earnings (loss) from Disc Ops attributable to NCI	297	310	591	687
Net earnings (loss) from Disc Ops attributable to Fluor	(40,654)	(11,128)	(62,623)	(203,790)
Discontinued Operations \| AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	36,811	50,891	77,527	112,278
Cost of revenue	31,151	45,394	75,120	94,487
Gross Profit	5,660	5,497	2,407	17,791
G&A	0	(37)	0	(51)
Impairment expense (1)	(48,276)	0	(48,276)	(100,000)
Loss on sale of AMECO North America	(24,864)	0	(24,864)	0
Foreign currency gain (loss)	245	(230)	1,078	(303)
Operating profit	(67,235)	5,230	(69,655)	(82,563)
Interest (expense) income, net	99	(9)	203	40
Earnings (loss) before taxes from Disc Ops	(67,136)	5,221	(69,452)	(82,523)
Income tax expense (benefit)	(1,838)	485	(1,123)	1,942
Net earnings (loss) from Disc Ops	(65,298)	4,736	(68,329)	(84,465)
Less: Net earnings (loss) from Disc Ops attributable to NCI	1	0	0	0
Net earnings (loss) from Disc Ops attributable to Fluor	(65,299)	4,736	(68,329)	(84,465)
Discontinued Operations \| Other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	0	0	0
Cost of revenue	1,824	3,674	2,877	9,370
Gross Profit	(1,824)	(3,674)	(2,877)	(9,370)
G&A	0	(4)	0	(12)
Impairment expense (1)	0	0	0	0
Loss on sale of AMECO North America	0	0	0	0
Foreign currency gain (loss)	0	0	0	0
Operating profit	(1,824)	(3,678)	(2,877)	(9,382)
Interest (expense) income, net	0	0	0	0
Earnings (loss) before taxes from Disc Ops	(1,824)	(3,678)	(2,877)	(9,382)
Income tax expense (benefit)	0	0	0	0
Net earnings (loss) from Disc Ops	(1,824)	(3,678)	(2,877)	(9,382)
Less: Net earnings (loss) from Disc Ops attributable to NCI	0	0	0	0
Net earnings (loss) from Disc Ops attributable to Fluor	$ (1,824)	$ (3,678)	$ (2,877)	$ (9,382)

Discontinued Operations - Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contract assets	$ 994,890	$ 859,675
Other accrued liabilities	572,776	402,483
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	262,802	298,377
Contract assets	155,268	110,340
Other current assets	55,518	119,002
Current assets held for sale	473,588	527,719
Property, plant and equipment, net	130,838	164,638
Goodwill	120,246	141,889
Investments	3,552	4,649
Other assets	140,239	149,231
Noncurrent assets held for sale	394,875	460,407
Total assets held for sale	868,463	988,126
Accounts payable	128,986	133,981
Short-term borrowings	19,152	20,525
Contract liabilities	42,951	47,779
Accrued salaries, wages and benefits	53,521	64,778
Other accrued liabilities	232,667	125,942
Current liabilities held for sale	477,277	393,005
Noncurrent liabilities held for sale	95,499	108,418
Total liabilities held for sale	572,776	501,423
Discontinued Operations \| Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	220,059	245,105
Contract assets	155,268	108,152
Other current assets	44,375	45,384
Current assets held for sale	419,702	398,641
Property, plant and equipment, net	94,833	97,258
Goodwill	120,246	141,889
Investments	3,552	4,649
Other assets	122,915	135,421
Noncurrent assets held for sale	341,546	379,217
Total assets held for sale	761,248	777,858
Accounts payable	121,742	116,580
Short-term borrowings	19,152	20,525
Contract liabilities	42,183	46,997
Accrued salaries, wages and benefits	52,391	57,626
Other accrued liabilities	186,030	113,965
Current liabilities held for sale	421,498	355,693
Noncurrent liabilities held for sale	85,927	98,940
Total liabilities held for sale	507,425	454,633
Discontinued Operations \| AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	32,268	42,797
Contract assets	0	2,188
Other current assets	11,143	73,618
Current assets held for sale	43,411	118,603
Property, plant and equipment, net	36,005	67,380
Goodwill	0	0
Investments	0	0
Other assets	17,324	13,810
Noncurrent assets held for sale	53,329	81,190
Total assets held for sale	96,740	199,793
Accounts payable	7,243	17,388
Short-term borrowings	0	0
Contract liabilities	768	782
Accrued salaries, wages and benefits	1,130	7,152
Other accrued liabilities	46,637	11,977
Current liabilities held for sale	55,778	37,299
Noncurrent liabilities held for sale	9,572	9,478
Total liabilities held for sale	65,350	46,777
Discontinued Operations \| Other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	10,475	10,475
Contract assets	0	0
Other current assets	0	0
Current assets held for sale	10,475	10,475
Property, plant and equipment, net	0	0
Goodwill	0	0
Investments	0	0
Other assets	0	0
Noncurrent assets held for sale	0	0
Total assets held for sale	10,475	10,475
Accounts payable	1	13
Short-term borrowings	0	0
Contract liabilities	0	0
Accrued salaries, wages and benefits	0	0
Other accrued liabilities	0	0
Current liabilities held for sale	1	13
Noncurrent liabilities held for sale	0	0
Total liabilities held for sale	1	13
Continuing Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	0	0
Contract assets	0	0
Other current assets	0	0
Current assets held for sale	0	0
Property, plant and equipment, net	22,079	24,538
Goodwill	0	0
Investments	5,331	5,064
Other assets	0	0
Noncurrent assets held for sale	27,410	29,602
Total assets held for sale	27,410	29,602
Accounts payable	0	0
Short-term borrowings	0	0
Contract liabilities	0	0
Accrued salaries, wages and benefits	0	0
Other accrued liabilities	0	0
Current liabilities held for sale	0	0
Noncurrent liabilities held for sale	0	0
Total liabilities held for sale	0	0
Total
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	262,802	298,377
Contract assets	155,268	110,340
Other current assets	55,518	119,002
Current assets held for sale	473,588	527,719
Property, plant and equipment, net	152,917	189,176
Goodwill	120,246	141,889
Investments	8,883	9,713
Other assets	140,239	149,231
Noncurrent assets held for sale	422,285	490,009
Total assets held for sale	895,873	1,017,728
Accounts payable	128,986	133,981
Short-term borrowings	19,152	20,525
Contract liabilities	42,951	47,779
Accrued salaries, wages and benefits	53,521	64,778
Other accrued liabilities	232,667	125,942
Current liabilities held for sale	477,277	393,005
Noncurrent liabilities held for sale	95,499	108,418
Total liabilities held for sale	$ 572,776	$ 501,423

Discontinued Operations - Cash Flows information Related to Discontinued Operations (Details) - Discontinued Operations - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Capital expenditures	$ (18,974)	$ (25,053)
Stork
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Capital expenditures	(8,142)	(12,723)
AMECO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Capital expenditures	$ (10,832)	$ (12,330)

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]

- Definition

Indicates amendment to accounting standards.

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+ Details