flr-20230331

0001124198false12-312023Q19100011241982023-01-012023-03-3100011241982023-04-28xbrli:sharesiso4217:USD00011241982022-01-012022-03-31iso4217:USDxbrli:shares0001124198us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-03-310001124198us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-3100011241982023-03-3100011241982022-12-3100011241982021-12-3100011241982022-03-310001124198us-gaap:PreferredStockMember2022-12-310001124198us-gaap:CommonStockMember2022-12-310001124198us-gaap:AdditionalPaidInCapitalMember2022-12-310001124198us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001124198us-gaap:RetainedEarningsMember2022-12-310001124198us-gaap:ParentMember2022-12-310001124198us-gaap:NoncontrollingInterestMember2022-12-310001124198us-gaap:RetainedEarningsMember2023-01-012023-03-310001124198us-gaap:ParentMember2023-01-012023-03-310001124198us-gaap:NoncontrollingInterestMember2023-01-012023-03-310001124198us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001124198us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001124198us-gaap:CommonStockMember2023-01-012023-03-310001124198us-gaap:PreferredStockMember2023-03-310001124198us-gaap:CommonStockMember2023-03-310001124198us-gaap:AdditionalPaidInCapitalMember2023-03-310001124198us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001124198us-gaap:RetainedEarningsMember2023-03-310001124198us-gaap:ParentMember2023-03-310001124198us-gaap:NoncontrollingInterestMember2023-03-310001124198us-gaap:PreferredStockMember2021-12-310001124198us-gaap:CommonStockMember2021-12-310001124198us-gaap:AdditionalPaidInCapitalMember2021-12-310001124198us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001124198us-gaap:RetainedEarningsMember2021-12-310001124198us-gaap:ParentMember2021-12-310001124198us-gaap:NoncontrollingInterestMember2021-12-310001124198us-gaap:RetainedEarningsMember2022-01-012022-03-310001124198us-gaap:ParentMember2022-01-012022-03-310001124198us-gaap:NoncontrollingInterestMember2022-01-012022-03-310001124198us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310001124198us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310001124198us-gaap:CommonStockMember2022-01-012022-03-310001124198us-gaap:PreferredStockMember2022-03-310001124198us-gaap:CommonStockMember2022-03-310001124198us-gaap:AdditionalPaidInCapitalMember2022-03-310001124198us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001124198us-gaap:RetainedEarningsMember2022-03-310001124198us-gaap:ParentMember2022-03-310001124198us-gaap:NoncontrollingInterestMember2022-03-310001124198us-gaap:ConvertiblePreferredStockMember2023-01-012023-03-310001124198us-gaap:ConvertiblePreferredStockMember2022-01-012022-03-310001124198flr:AllOtherClassesOfStockMember2023-01-012023-03-310001124198flr:AllOtherClassesOfStockMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMemberflr:EnergySolutionsSegmentMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMemberflr:EnergySolutionsSegmentMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMemberflr:UrbanSolutionsSegmentMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMemberflr:UrbanSolutionsSegmentMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMemberflr:MissionSolutionsSegmentMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMemberflr:MissionSolutionsSegmentMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMember2022-01-012022-03-310001124198flr:LargeLNGProjectMemberflr:EnergySolutionsSegmentMember2023-01-012023-03-310001124198flr:EnergySolutionsSegmentMember2023-01-012023-03-310001124198flr:EnergySolutionsSegmentMember2022-01-012022-03-310001124198flr:LAXAutomatedPeopleMoverProjectMemberflr:UrbanSolutionsSegmentMember2023-01-012023-03-310001124198srt:ConsolidationEliminationsMemberflr:ProfessionalStaffingBusinessMemberflr:UrbanSolutionsSegmentMember2023-01-012023-03-310001124198srt:ConsolidationEliminationsMemberflr:ProfessionalStaffingBusinessMemberflr:UrbanSolutionsSegmentMember2022-01-012022-03-310001124198flr:WeaponsFacilityProjectMemberflr:MissionSolutionsSegmentMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMemberflr:NuScalePowerLlcMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMemberflr:NuScalePowerLlcMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMemberflr:StorkHoldingBVMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMemberflr:StorkHoldingBVMember2022-01-012022-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMemberflr:AMECOMember2023-01-012023-03-310001124198us-gaap:SegmentContinuingOperationsMemberus-gaap:AllOtherSegmentsMemberus-gaap:OperatingSegmentsMemberflr:AMECOMember2022-01-012022-03-310001124198flr:FluorCorporationMemberflr:NuScalePowerLlcMemberus-gaap:DisposalGroupNotDiscontinuedOperationsMember2023-03-31xbrli:pure0001124198flr:AMECOMemberus-gaap:DisposalGroupNotDiscontinuedOperationsMember2023-01-012023-03-310001124198us-gaap:OperatingSegmentsMemberflr:EnergySolutionsSegmentMember2023-03-310001124198us-gaap:OperatingSegmentsMemberflr:EnergySolutionsSegmentMember2022-12-310001124198us-gaap:OperatingSegmentsMemberflr:UrbanSolutionsSegmentMember2023-03-310001124198us-gaap:OperatingSegmentsMemberflr:UrbanSolutionsSegmentMember2022-12-310001124198us-gaap:OperatingSegmentsMemberflr:MissionSolutionsSegmentMember2023-03-310001124198us-gaap:OperatingSegmentsMemberflr:MissionSolutionsSegmentMember2022-12-310001124198us-gaap:OperatingSegmentsMemberflr:OtherMember2023-03-310001124198us-gaap:OperatingSegmentsMemberflr:OtherMember2022-12-310001124198us-gaap:CorporateNonSegmentMember2023-03-310001124198us-gaap:CorporateNonSegmentMember2022-12-310001124198srt:NorthAmericaMember2023-01-012023-03-310001124198srt:NorthAmericaMember2022-01-012022-03-310001124198srt:AsiaPacificMember2023-01-012023-03-310001124198srt:AsiaPacificMember2022-01-012022-03-310001124198srt:EuropeMember2023-01-012023-03-310001124198srt:EuropeMember2022-01-012022-03-310001124198flr:CentralAndSouthAmericaMember2023-01-012023-03-310001124198flr:CentralAndSouthAmericaMember2022-01-012022-03-310001124198flr:MiddleEastAndAfricaMember2023-01-012023-03-310001124198flr:MiddleEastAndAfricaMember2022-01-012022-03-310001124198flr:StorkAndAMECOMemberflr:EnergySolutionsSegmentMember2023-01-012023-03-310001124198us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:AccruedLiabilitiesMember2023-03-310001124198us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:AccruedLiabilitiesMember2022-12-310001124198us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberflr:AccountsAndNotesReceivableNetCurrentMember2023-03-310001124198us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberflr:AccountsAndNotesReceivableNetCurrentMember2022-12-310001124198us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-03-310001124198us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-12-310001124198flr:FundingCommitmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-03-310001124198us-gaap:PerformanceGuaranteeMember2023-03-310001124198us-gaap:PendingLitigationMemberflr:SantosLtdMember2016-12-132016-12-13iso4217:AUDflr:referee0001124198us-gaap:PendingLitigationMemberflr:SantosLtdMember2016-12-1300011241982018-09-012018-09-30flr:action0001124198flr:SadaraChemicalCompanyMemberus-gaap:PendingLitigationMember2019-08-232019-08-230001124198flr:SadaraChemicalCompanyMemberus-gaap:PendingLitigationMember2019-08-230001124198flr:FluorTECHINTMemberus-gaap:PendingLitigationMember2016-08-120001124198flr:BarrickMemberflr:FluorTECHINTMember2019-08-310001124198flr:BarrickMemberflr:FluorTECHINTMembersrt:ParentCompanyMember2019-08-310001124198flr:BarrickMembersrt:PartnershipInterestMemberflr:FluorTECHINTMember2019-08-310001124198flr:FluorTECHINTMemberus-gaap:PendingLitigationMember2023-03-310001124198flr:NorthTexasTollwayAuthorityMemberus-gaap:PendingLitigationMember2022-10-012022-10-310001124198

2024-04-01

2023-03-310001124198

2025-01-01

2023-03-310001124198

2026-01-01

2023-03-310001124198flr:SeniorNotes1.750PercentDue21March2023Member2023-03-310001124198flr:SeniorNotes1.750PercentDue21March2023Member2022-12-310001124198us-gaap:OtherDebtSecuritiesMember2023-03-310001124198us-gaap:OtherDebtSecuritiesMember2022-12-310001124198flr:SeniorNotes3.5PercentDue15December2024Member2023-03-310001124198flr:SeniorNotes3.5PercentDue15December2024Member2022-12-310001124198flr:SeniorNotes4.25PercentDue15September2028Member2023-03-310001124198flr:SeniorNotes4.25PercentDue15September2028Member2022-12-310001124198us-gaap:LineOfCreditMember2023-03-310001124198flr:RevolvingLoanAndLetterOfCreditFacilityAgreementMemberus-gaap:LineOfCreditMemberflr:CommittedCreditLineMember2023-03-310001124198flr:RevolvingLoanAndLetterOfCreditFacilityAgreementMemberus-gaap:LineOfCreditMembersrt:MinimumMemberflr:CommittedCreditLineMember2023-01-012023-03-310001124198srt:MaximumMemberflr:RevolvingLoanAndLetterOfCreditFacilityAgreementMemberus-gaap:LineOfCreditMemberflr:CommittedCreditLineMembersrt:SubsidiariesMember2023-03-31iso4217:EUR0001124198flr:RevolvingLoanAndLetterOfCreditFacilityAgreementMemberus-gaap:LineOfCreditMemberflr:CommittedCreditLineMembersrt:SubsidiariesMember2023-01-012023-03-310001124198us-gaap:LineOfCreditMemberflr:CommittedCreditLineMember2023-03-310001124198flr:UncommittedCreditLineMemberus-gaap:LineOfCreditMember2023-03-310001124198flr:SeniorNotes1.750PercentDue21March2023Member2023-01-012023-01-3100011241982023-02-012023-02-280001124198us-gaap:SubsequentEventMember2023-04-012023-04-300001124198us-gaap:ConvertiblePreferredStockMember2023-01-012023-03-31flr:segment0001124198us-gaap:ConvertiblePreferredStockMember2023-03-310001124198us-gaap:FairValueMeasurementsRecurringMember2023-03-310001124198us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-03-310001124198us-gaap:FairValueMeasurementsRecurringMember2022-12-310001124198us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310001124198us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2023-03-310001124198us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2022-12-310001124198us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMember2023-03-310001124198us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommodityContractMember2022-12-310001124198flr:SMRWarrantsMemberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001124198flr:SMRWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-03-310001124198flr:SMRWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001124198flr:SMRWarrantsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001124198flr:SMRWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310001124198flr:SMRWarrantsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001124198us-gaap:CashMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2023-03-310001124198us-gaap:CashMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2023-03-310001124198us-gaap:CashMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2022-12-310001124198us-gaap:CashMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CashEquivalentsMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashEquivalentsMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CashEquivalentsMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashEquivalentsMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001124198us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2023-03-310001124198us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2023-03-310001124198us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-12-310001124198us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberflr:SeniorNotes1.750PercentDue21March2023Member2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberflr:SeniorNotes1.750PercentDue21March2023Member2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberflr:SeniorNotes1.750PercentDue21March2023Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberflr:SeniorNotes1.750PercentDue21March2023Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberflr:SeniorNotes3.5PercentDue15December2024Member2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberflr:SeniorNotes3.5PercentDue15December2024Member2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberflr:SeniorNotes3.5PercentDue15December2024Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberflr:SeniorNotes3.5PercentDue15December2024Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberflr:SeniorNotes4.25PercentDue15September2028Member2023-03-310001124198us-gaap:FairValueInputsLevel2Memberflr:SeniorNotes4.25PercentDue15September2028Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberflr:SeniorNotes4.25PercentDue15September2028Member2022-12-310001124198us-gaap:FairValueInputsLevel2Memberflr:SeniorNotes4.25PercentDue15September2028Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:NotesPayableOtherPayablesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:NotesPayableOtherPayablesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:NotesPayableOtherPayablesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001124198us-gaap:FairValueInputsLevel2Memberus-gaap:NotesPayableOtherPayablesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001124198srt:ExecutiveOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2023-01-012023-03-310001124198srt:ExecutiveOfficerMemberus-gaap:RestrictedStockUnitsRSUMember2022-01-01

SEC Form 10-Q filed by Fluor Corporation