Company Quick10K Filing
Fluor
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 140 $4,361
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-20 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-04 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-02-18 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-K 2015-02-18 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-02-18 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-08-01 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-K 2013-02-20 Annual: 2012-12-31
10-Q 2012-11-01 Quarter: 2012-09-30
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-03 Quarter: 2012-03-31
10-K 2012-02-22 Annual: 2011-12-31
10-Q 2011-11-03 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-02-23 Annual: 2010-12-31
10-Q 2010-11-04 Quarter: 2010-09-30
10-Q 2010-07-27 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-02-25 Annual: 2009-12-31
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-10-30 Officers
8-K 2019-10-29
8-K 2019-10-24 Officers
8-K 2019-09-19 Officers
8-K 2019-09-10 Officers
8-K 2019-09-09 Officers
8-K 2019-08-11 Officers
8-K 2019-08-05 Officers
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-05-24 Officers, Regulation FD, Exhibits
8-K 2019-05-16 Officers, Regulation FD, Exhibits
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-05-02 Shareholder Vote
8-K 2019-05-01 Officers, Regulation FD, Other Events, Exhibits
8-K 2019-03-07 Officers, Exhibits
8-K 2019-02-21 Earnings, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-10-10 Earnings, Exhibits
8-K 2018-08-29 Enter Agreement, Other Events, Exhibits
8-K 2018-08-20 Enter Agreement, Other Events, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-08-02 Other Events, Exhibits
8-K 2018-05-11 Regulation FD, Exhibits
8-K 2018-05-03 Shareholder Vote
8-K 2018-05-03 Earnings, Exhibits
8-K 2018-02-20 Earnings, Exhibits
8-K 2018-02-08 Officers
8-K 2018-01-31 Officers
FLR 2019-09-30
Part I: Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part Ii: Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 4. Mine Safety Disclosures
Item 6. Exhibits
EX-10.1 flr2019q3ex101.htm
EX-31.1 flr2019q3ex311.htm
EX-31.2 flr2019q3ex312.htm
EX-32.1 flr2019q3ex321.htm
EX-32.2 flr2019q3ex322.htm

Fluor Earnings 2019-09-30

FLR 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
ACM 5,839 14,795 10,298 20,364 763 369 673 8,698 4% 12.9 2%
ESLT 4,917 6,451 4,596 0 0 0 0 5,179 0%
FLR 4,361 8,974 6,600 17,746 -148 -463 -313 4,161 -1% -13.3 -5%
TTEK 4,228 2,096 1,081 3,005 402 176 271 4,383 13% 16.2 8%
KBR 3,489 5,318 3,524 5,370 558 201 433 4,093 10% 9.5 4%
AJRD 3,448 2,549 2,028 1,913 383 171 337 3,570 20% 10.6 7%
KTOS 2,426 1,174 599 672 183 14 38 2,573 27% 67.4 1%
GRAM 2,217 7,430 4,940 0 0 0 0 2,217 0%
GVA 2,121 2,558 1,351 3,357 241 -59 118 2,385 7% 20.2 -2%
ATRO 1,378 767 292 813 192 176 259 1,483 24% 5.7 23%

Document
false--12-31Q3201900011241981293100000.150.5067000000550000000.470.3026000000870000007987200080452000500000000P3Y199108000232054000419590000437383000925931000841713000792690001331440003916350004774340000.010.01375000000375000000139653824140174400139653824140174400260000002958120002914930002498310002679970007500000007500000001.011.012534100024991000202481000350660000.50499680004407700066240001782100026447000391670000.010.01200000002000000000002867900030382000P3YP3YP3YP10Y 0001124198 2019-01-01 2019-09-30 0001124198 2019-10-25 0001124198 2019-07-01 2019-09-30 0001124198 2018-01-01 2018-09-30 0001124198 2018-07-01 2018-09-30 0001124198 2018-12-31 0001124198 2019-09-30 0001124198 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001124198 us-gaap:VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001124198 2017-12-31 0001124198 2018-09-30 0001124198 us-gaap:ParentMember 2018-07-01 2018-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001124198 us-gaap:CommonStockMember 2018-06-30 0001124198 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 us-gaap:ParentMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001124198 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0001124198 us-gaap:NoncontrollingInterestMember 2018-09-30 0001124198 us-gaap:ParentMember 2017-12-31 0001124198 us-gaap:ParentMember 2018-09-30 0001124198 us-gaap:ParentMember 2018-06-30 0001124198 us-gaap:CommonStockMember 2018-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001124198 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001124198 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001124198 us-gaap:AccountingStandardsUpdate201409Member us-gaap:NoncontrollingInterestMember 2018-01-01 0001124198 us-gaap:RetainedEarningsMember 2018-09-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001124198 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001124198 us-gaap:RetainedEarningsMember 2018-06-30 0001124198 us-gaap:CommonStockMember 2017-12-31 0001124198 2018-06-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccountingStandardsUpdate201409Member 2018-01-01 0001124198 us-gaap:AccountingStandardsUpdate201409Member us-gaap:RetainedEarningsMember 2018-01-01 0001124198 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001124198 us-gaap:RetainedEarningsMember 2017-12-31 0001124198 us-gaap:NoncontrollingInterestMember 2018-06-30 0001124198 us-gaap:NoncontrollingInterestMember 2017-12-31 0001124198 us-gaap:AccountingStandardsUpdate201409Member us-gaap:ParentMember 2018-01-01 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001124198 us-gaap:AccountingStandardsUpdate201409Member 2019-01-01 0001124198 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 us-gaap:ParentMember 2019-07-01 2019-09-30 0001124198 us-gaap:CommonStockMember 2019-06-30 0001124198 us-gaap:AccountingStandardsUpdate201409Member us-gaap:ParentMember 2019-01-01 0001124198 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001124198 us-gaap:NoncontrollingInterestMember 2019-09-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001124198 us-gaap:CommonStockMember 2019-09-30 0001124198 us-gaap:RetainedEarningsMember 2019-06-30 0001124198 us-gaap:ParentMember 2019-01-01 2019-09-30 0001124198 us-gaap:CommonStockMember 2018-12-31 0001124198 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001124198 us-gaap:ParentMember 2018-12-31 0001124198 us-gaap:RetainedEarningsMember 2018-12-31 0001124198 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001124198 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:NoncontrollingInterestMember 2019-06-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001124198 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001124198 us-gaap:ParentMember 2019-09-30 0001124198 us-gaap:AccountingStandardsUpdate201409Member us-gaap:RetainedEarningsMember 2019-01-01 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001124198 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001124198 us-gaap:NoncontrollingInterestMember 2018-12-31 0001124198 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001124198 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001124198 us-gaap:RetainedEarningsMember 2019-09-30 0001124198 2019-06-30 0001124198 us-gaap:AccountingStandardsUpdate201409Member us-gaap:NoncontrollingInterestMember 2019-01-01 0001124198 us-gaap:ParentMember 2019-06-30 0001124198 2019-01-01 2019-01-01 0001124198 2019-01-01 0001124198 flr:CommodityContractAndForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0001124198 flr:CommodityContractAndForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-01-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2019-07-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001124198 flr:CommodityContractAndForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0001124198 flr:CommodityContractAndForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2019-01-01 2019-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-07-01 2018-09-30 0001124198 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001124198 us-gaap:AociAttributableToNoncontrollingInterestMember 2018-12-31 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2019-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2019-09-30 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2018-12-31 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2018-12-31 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AociAttributableToNoncontrollingInterestMember 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-12-31 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2019-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2018-12-31 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2018-12-31 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2018-12-31 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2019-09-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2019-09-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2017-12-31 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2018-01-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:AociAttributableToNoncontrollingInterestMember 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-01-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2017-12-31 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2017-12-31 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2018-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2018-09-30 0001124198 us-gaap:AociAttributableToNoncontrollingInterestMember 2017-12-31 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2017-12-31 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2018-09-30 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2018-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2018-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2017-12-31 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2017-12-31 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2017-12-31 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsIncludingPortionAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsIncludingPortionAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 us-gaap:AvailableforsaleSecuritiesMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsIncludingPortionAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2019-01-01 2019-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-01 2018-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2018-07-01 2018-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2018-07-01 2018-09-30 0001124198 us-gaap:AociAttributableToNoncontrollingInterestMember 2018-06-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2018-06-30 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2018-06-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2018-06-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2018-06-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-06-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2018-06-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2018-06-30 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2018-06-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2019-06-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-01 2019-09-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoParentMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 us-gaap:AccumulatedNetInvestmentGainLossAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsAttributableToNoncontrollingInterestMember 2019-06-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2019-07-01 2019-09-30 0001124198 us-gaap:AociAttributableToNoncontrollingInterestMember 2019-06-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember 2019-06-30 0001124198 flr:AccumulatedNetGainLossfromDerivativeAttributabletoNoncontrollingInterestMember 2019-06-30 0001124198 flr:AccumulatedOtherComprehensiveIncomeLossEquityMethodInvestmentsMember 2019-06-30 0001124198 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-06-30 0001124198 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0001124198 us-gaap:AccumulatedForeignCurrencyAdjustmentAttributableToNoncontrollingInterestMember 2019-06-30 0001124198 flr:EmployeeStockOptionsRestrictedStockUnitsAndSharesAndValueDriverIncentiveUnitsMember 2019-07-01 2019-09-30 0001124198 flr:EmployeeStockOptionsRestrictedStockUnitsAndSharesAndValueDriverIncentiveUnitsMember 2019-01-01 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001124198 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001124198 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001124198 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001124198 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001124198 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001124198 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member 2019-09-30 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member 2019-09-30 0001124198 flr:SeniorNotes3.375PercentDue15September2021Member 2019-09-30 0001124198 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes3.375PercentDue15September2021Member us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:NotesPayableOtherPayablesMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:DemandDepositsMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:NotesPayableOtherPayablesMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:DemandDepositsMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:NotesPayableOtherPayablesMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:DemandDepositsMember us-gaap:FairValueInputsLevel1Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:BankTimeDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 flr:SeniorNotes3.375PercentDue15September2021Member us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes3.375PercentDue15September2021Member us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:NotesPayableOtherPayablesMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes3.375PercentDue15September2021Member us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:DemandDepositsMember us-gaap:FairValueInputsLevel1Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001124198 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2018-01-01 2018-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2019-01-01 2019-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2018-07-01 2018-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001124198 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2019-07-01 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001124198 us-gaap:CommodityContractMember 2018-01-01 2018-09-30 0001124198 us-gaap:CommodityContractMember 2019-01-01 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember 2018-01-01 2018-09-30 0001124198 us-gaap:CommodityContractMember 2019-07-01 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember 2018-07-01 2018-09-30 0001124198 us-gaap:ForeignExchangeContractMember 2019-01-01 2019-09-30 0001124198 us-gaap:CommodityContractMember 2018-07-01 2018-09-30 0001124198 us-gaap:ForeignExchangeContractMember 2019-07-01 2019-09-30 0001124198 us-gaap:OtherCurrentLiabilitiesMember 2018-12-31 0001124198 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001124198 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityMember 2019-09-30 0001124198 us-gaap:OtherCurrentAssetsMember us-gaap:CommodityMember 2018-12-31 0001124198 us-gaap:OtherCurrentLiabilitiesMember 2019-09-30 0001124198 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001124198 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001124198 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001124198 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001124198 us-gaap:OtherAssetsMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001124198 us-gaap:OtherAssetsMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001124198 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001124198 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001124198 us-gaap:ForeignExchangeContractMember 2019-09-30 0001124198 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-09-30 0001124198 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001124198 us-gaap:CommodityMember us-gaap:NondesignatedMember 2019-09-30 0001124198 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001124198 us-gaap:CommodityMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001124198 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0001124198 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001124198 us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0001124198 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0001124198 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0001124198 srt:MaximumMember us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0001124198 us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0001124198 flr:SeniorNotes4.25PercentDue15September2028Member 2018-08-01 2018-08-31 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member 2014-11-01 2014-11-30 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member us-gaap:DebtInstrumentRedemptionPeriodTwoMember 2014-11-01 2014-11-30 0001124198 us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.8BillionMember flr:CommittedCreditLineMember 2019-09-30 0001124198 us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.7BillionMember flr:CommittedCreditLineMember 2019-09-30 0001124198 flr:SeniorNotes4.25PercentDue15September2028Member 2018-08-31 0001124198 us-gaap:LineOfCreditMember flr:CommittedCreditLineMember 2019-09-30 0001124198 us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.7BillionMember flr:CommittedCreditLineMember 2019-01-01 2019-09-30 0001124198 flr:ChangeOfControlTriggeringEventMember flr:SeniorNotes4.25PercentDue15September2028Member 2019-01-01 2019-09-30 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member us-gaap:DebtInstrumentRedemptionPeriodFourMember 2016-01-01 2016-03-31 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member 2016-03-01 2016-03-31 0001124198 flr:SeniorNotes3.5PercentDue15December2024Member 2014-11-30 0001124198 srt:MinimumMember flr:SeniorNotes1.750PercentDue21March2023Member us-gaap:DebtInstrumentRedemptionPeriodThreeMember 2016-01-01 2016-03-31 0001124198 srt:SubsidiariesMember srt:MaximumMember us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.7BillionMember flr:CommittedCreditLineMember 2019-09-30 0001124198 flr:StorkHoldingBVMember 2018-12-31 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member 2016-01-01 2016-03-31 0001124198 flr:SeniorNotes1.750PercentDue21March2023Member 2016-03-31 0001124198 srt:MinimumMember flr:SeniorNotes3.5PercentDue15December2024Member us-gaap:DebtInstrumentRedemptionPeriodOneMember 2014-11-01 2014-11-30 0001124198 flr:StorkHoldingBVMember 2019-09-30 0001124198 srt:MaximumMember us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.7BillionMember flr:CommittedCreditLineMember 2019-01-01 2019-09-30 0001124198 us-gaap:LineOfCreditMember 2019-09-30 0001124198 srt:SubsidiariesMember srt:MinimumMember us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.7BillionMember flr:CommittedCreditLineMember 2019-09-30 0001124198 us-gaap:RevolvingCreditFacilityMember flr:CommittedCreditLineMember 2019-09-30 0001124198 srt:MaximumMember us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.8BillionMember flr:CommittedCreditLineMember 2019-09-30 0001124198 us-gaap:LineOfCreditMember flr:RevolvingLoanAndLetterOfCreditFacilityAgreement1.8BillionMember flr:CommittedCreditLineMember 2019-01-01 2019-09-30 0001124198 flr:ChangeOfControlTriggeringEventMember flr:SeniorNotes3.5PercentDue15December2024Member 2019-01-01 2019-09-30 0001124198 flr:ChangeOfControlTriggeringEventMember flr:SeniorNotes1.750PercentDue21March2023Member 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:PerformanceSharesMember flr:VDIPlan2016Member 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:PerformanceSharesMember 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:PerformanceSharesMember 2018-01-01 2018-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:PerformanceSharesMember flr:VDIPlan2018Member 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:PerformanceSharesMember flr:VDIPlan2017Member 2019-01-01 2019-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0001124198 srt:ExecutiveOfficerMember us-gaap:PerformanceSharesMember 2018-07-01 2018-09-30 0001124198 flr:ASC8101045Member 2019-07-01 2019-09-30 0001124198 flr:ASC8101045Member 2019-01-01 2019-09-30 0001124198 flr:ASC8101045Member 2018-07-01 2018-09-30 0001124198 flr:ASC8101045Member 2018-01-01 2018-09-30 0001124198 2016-12-13 2016-12-13 0001124198 2019-08-01 2019-08-01 0001124198 2019-01-01 2019-06-30 0001124198 2018-01-01 2018-12-31 0001124198 us-gaap:PerformanceGuaranteeMember 2019-09-30 0001124198 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001124198 flr:AccountsAndNotesReceivableNetCurrentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001124198 flr:OffshoreOilEngineeringCompanyLimitedMember flr:CooecFluorHeavyIndustriesCo.LimitedMember 2019-01-01 2019-09-30 0001124198 flr:CooecFluorHeavyIndustriesCo.LimitedMember 2019-09-30 0001124198 flr:AccountsAndNotesReceivableNetCurrentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001124198 flr:CooecFluorHeavyIndustriesCo.LimitedMember 2019-01-01 2019-09-30 0001124198 us-gaap:PartnershipMember srt:WeightedAverageMember 2019-09-30 0001124198 flr:FundingCommitmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001124198 flr:CFHIMember 2018-12-31 0001124198 flr:CooecFluorHeavyIndustriesCo.LimitedMember 2019-01-01 2019-09-30 0001124198 flr:CFHIMember 2019-09-30 0001124198 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001124198 flr:JointVentureMember srt:WeightedAverageMember 2019-09-30 0001124198 flr:EnergyAndChemicalsSegmentMember 2018-07-01 2018-09-30 0001124198 flr:InfrastructureMember 2018-07-01 2018-09-30 0001124198 flr:InfrastructureMember 2019-01-01 2019-09-30 0001124198 flr:InfrastructureMember 2019-07-01 2019-09-30 0001124198 flr:OtherMember 2018-07-01 2018-09-30 0001124198 flr:OtherMember 2018-01-01 2018-09-30 0001124198 flr:EnergyAndChemicalsSegmentMember 2019-01-01 2019-09-30 0001124198 flr:MiningIndustrialAndPowerSegmentMember 2019-01-01 2019-09-30 0001124198 flr:EnergyAndChemicalsSegmentMember 2019-07-01 2019-09-30 0001124198 flr:MiningIndustrialAndPowerSegmentMember 2018-01-01 2018-09-30 0001124198 flr:DiversifiedServicesSegmentMember 2018-07-01 2018-09-30 0001124198 flr:MiningIndustrialAndPowerSegmentMember 2018-07-01 2018-09-30 0001124198 flr:InfrastructureMember 2018-01-01 2018-09-30 0001124198 flr:DiversifiedServicesSegmentMember 2019-07-01 2019-09-30 0001124198 flr:DiversifiedServicesSegmentMember 2018-01-01 2018-09-30 0001124198 flr:EnergyAndChemicalsSegmentMember 2018-01-01 2018-09-30 0001124198 flr:MiningIndustrialAndPowerSegmentMember 2019-07-01 2019-09-30 0001124198 flr:OtherMember 2019-01-01 2019-09-30 0001124198 flr:DiversifiedServicesSegmentMember 2019-01-01 2019-09-30 0001124198 flr:OtherMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:EnergyAndChemicalsSegmentMember 2018-12-31 0001124198 us-gaap:CorporateMember 2019-09-30 0001124198 us-gaap:CorporateMember 2018-12-31 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember 2018-12-31 0001124198 us-gaap:OperatingSegmentsMember flr:DiversifiedServicesSegmentMember 2018-12-31 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember 2019-09-30 0001124198 flr:OtherMember 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:InfrastructureMember 2018-12-31 0001124198 us-gaap:OperatingSegmentsMember flr:EnergyAndChemicalsSegmentMember 2019-09-30 0001124198 flr:OtherMember 2018-12-31 0001124198 us-gaap:OperatingSegmentsMember flr:DiversifiedServicesSegmentMember 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:InfrastructureMember 2019-09-30 0001124198 country:US 2019-07-01 2019-09-30 0001124198 flr:MiddleEastAndAfricaMember 2019-01-01 2019-09-30 0001124198 country:CA 2018-07-01 2018-09-30 0001124198 flr:MiddleEastAndAfricaMember 2019-07-01 2019-09-30 0001124198 flr:MiddleEastAndAfricaMember 2018-01-01 2018-09-30 0001124198 flr:MiddleEastAndAfricaMember 2018-07-01 2018-09-30 0001124198 flr:CentralAndSouthAmericaMember 2019-07-01 2019-09-30 0001124198 srt:EuropeMember 2019-07-01 2019-09-30 0001124198 srt:EuropeMember 2018-07-01 2018-09-30 0001124198 srt:EuropeMember 2018-01-01 2018-09-30 0001124198 country:CA 2019-07-01 2019-09-30 0001124198 country:US 2019-01-01 2019-09-30 0001124198 country:US 2018-07-01 2018-09-30 0001124198 srt:AsiaPacificMember 2019-01-01 2019-09-30 0001124198 country:US 2018-01-01 2018-09-30 0001124198 srt:AsiaPacificMember 2018-07-01 2018-09-30 0001124198 srt:AsiaPacificMember 2018-01-01 2018-09-30 0001124198 srt:AsiaPacificMember 2019-07-01 2019-09-30 0001124198 flr:CentralAndSouthAmericaMember 2018-07-01 2018-09-30 0001124198 flr:CentralAndSouthAmericaMember 2018-01-01 2018-09-30 0001124198 country:CA 2018-01-01 2018-09-30 0001124198 flr:CentralAndSouthAmericaMember 2019-01-01 2019-09-30 0001124198 srt:EuropeMember 2019-01-01 2019-09-30 0001124198 country:CA 2019-01-01 2019-09-30 0001124198 country:US flr:AwardEstimationCostsMember flr:EnergyChemicalsAndMiningSegmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:LateEngineeringChangeMember flr:MiningIndustrialAndPowerSegmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:LateEngineeringChangeMember us-gaap:GovernmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:CostgrowthMember flr:MiningIndustrialAndPowerSegmentMember 2018-07-01 2018-09-30 0001124198 country:US flr:ForecastRevisionsForEstimatedCostGrowthOnAnOffshoreProjectMember flr:EnergyChemicalsAndMiningSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:ForecastRevisionsForCostGrowthForFixedPriceGasFiredPowerPlantProjectMember flr:MiningIndustrialAndPowerSegmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:LateEngineeringChangeMember us-gaap:GovernmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:ForecastRevisionsForCostGrowthForFixedPriceGasFiredPowerPlantProjectMember flr:MiningIndustrialAndPowerSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:UnitedStatesDepartmentOfEnergyMember us-gaap:CostOfSalesMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember flr:ResearchAndDevelopmentActivitiesCostSharingAgreementMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:UnitedStatesDepartmentOfEnergyMember us-gaap:CostOfSalesMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember flr:ResearchAndDevelopmentActivitiesCostSharingAgreementMember 2018-07-01 2018-09-30 0001124198 us-gaap:IntersegmentEliminationMember flr:DiversifiedServicesSegmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:CostgrowthMember flr:MiningIndustrialAndPowerSegmentMember 2018-01-01 2018-09-30 0001124198 country:US flr:EnergyChemicalsAndMiningSegmentMember 2019-07-01 2019-09-30 0001124198 flr:PlantVogtleMember 2018-12-31 0001124198 flr:EnergyChemicalsAndMiningSegmentMember 2019-09-30 0001124198 country:US flr:EnergyChemicalsAndMiningSegmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember 2019-01-01 2019-09-30 0001124198 us-gaap:IntersegmentEliminationMember flr:DiversifiedServicesSegmentMember 2019-07-01 2019-09-30 0001124198 country:US flr:CloseoutmattersMember flr:EnergyChemicalsAndMiningSegmentMember 2019-01-01 2019-09-30 0001124198 flr:V.C.SummerMember 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:UnitedStatesDepartmentOfEnergyMember us-gaap:CostOfSalesMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember flr:ResearchAndDevelopmentActivitiesCostSharingAgreementMember 2018-01-01 2018-09-30 0001124198 country:US flr:EnergyChemicalsAndMiningSegmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:UnitedStatesDepartmentOfEnergyMember us-gaap:CostOfSalesMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember flr:ResearchAndDevelopmentActivitiesCostSharingAgreementMember 2019-07-01 2019-09-30 0001124198 flr:WestinghouseElectricCompanyLLCMember 2018-12-31 0001124198 us-gaap:IntersegmentEliminationMember flr:DiversifiedServicesSegmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember flr:NuScalePowerLlcMember 2018-01-01 2018-09-30 0001124198 us-gaap:IntersegmentEliminationMember flr:DiversifiedServicesSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:OtherMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:EnergyAndChemicalsSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:DiversifiedServicesSegmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:InfrastructureMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:OtherMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:OtherMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:DiversifiedServicesSegmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:EnergyAndChemicalsSegmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:DiversifiedServicesSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:EnergyAndChemicalsSegmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:EnergyAndChemicalsSegmentMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:OtherMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:InfrastructureMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:InfrastructureMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:MiningIndustrialAndPowerSegmentMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:DiversifiedServicesSegmentMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:InfrastructureMember 2018-07-01 2018-09-30 0001124198 us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:LateEngineeringChangeMember flr:MiningIndustrialAndPowerSegmentMember 2019-01-01 2019-09-30 0001124198 country:US flr:AwardEstimationCostsMember flr:EnergyChemicalsAndMiningSegmentMember 2019-01-01 2019-09-30 0001124198 us-gaap:OperatingSegmentsMember flr:ForecastRevisionsForCostGrowthForFixedPriceGasFiredPowerPlantProjectMember flr:EnergyChemicalsAndMiningSegmentMember 2018-01-01 2018-09-30 0001124198 country:US flr:EnergyChemicalsAndMiningSegmentMember 2019-01-01 2019-09-30 0001124198 flr:PreContractMember 2019-09-30 0001124198 flr:PreContractMember 2018-12-31 0001124198 2022-10-01 2019-09-30 0001124198 2020-10-01 2019-09-30 0001124198 2021-10-01 2019-09-30 0001124198 flr:LeaseExitCostMember 2018-12-31 0001124198 flr:TotalMember 2019-01-01 2019-09-30 0001124198 flr:LeaseExitCostMember 2019-01-01 2019-09-30 0001124198 us-gaap:OtherRestructuringMember 2018-12-31 0001124198 us-gaap:OtherRestructuringMember 2019-09-30 0001124198 us-gaap:OtherRestructuringMember 2019-01-01 2019-09-30 0001124198 us-gaap:EmployeeSeveranceMember 2019-01-01 2019-09-30 0001124198 flr:TotalMember 2019-09-30 0001124198 us-gaap:EmployeeSeveranceMember 2019-09-30 0001124198 flr:TotalMember 2018-12-31 0001124198 flr:LeaseExitCostMember 2019-09-30 0001124198 us-gaap:EmployeeSeveranceMember 2018-12-31 0001124198 us-gaap:CustomerRelationshipsMember 2019-01-01 2019-09-30 0001124198 2019-01-01 2019-03-31 0001124198 flr:CFHIMember 2019-01-01 2019-09-30 0001124198 2019-03-31 0001124198 us-gaap:CustomerRelationshipsMember 2019-09-30 0001124198 flr:SACYRMember 2019-01-01 2019-09-30 0001124198 flr:SACYRMember 2019-09-30 0001124198 us-gaap:SegmentDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001124198 us-gaap:GovernmentMember us-gaap:SegmentDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001124198 flr:OtherMember us-gaap:SegmentDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001124198 flr:AMECOMember us-gaap:SegmentDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001124198 us-gaap:GovernmentMember us-gaap:SegmentDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001124198 us-gaap:SegmentDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001124198 flr:AMECOMember us-gaap:SegmentDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001124198 flr:OtherMember us-gaap:SegmentDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001124198 us-gaap:SegmentDiscontinuedOperationsMember 2018-12-31 0001124198 us-gaap:GovernmentMember us-gaap:SegmentDiscontinuedOperationsMember 2019-09-30 0001124198 flr:AMECOMember us-gaap:SegmentDiscontinuedOperationsMember 2018-12-31 0001124198 us-gaap:GovernmentMember us-gaap:SegmentDiscontinuedOperationsMember 2018-12-31 0001124198 us-gaap:SegmentContinuingOperationsMember 2019-09-30 0001124198 flr:TotalMember 2019-09-30 0001124198 us-gaap:SegmentDiscontinuedOperationsMember 2019-09-30 0001124198 flr:AMECOMember us-gaap:SegmentDiscontinuedOperationsMember 2019-09-30 0001124198 us-gaap:SegmentDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001124198 flr:OtherMember us-gaap:SegmentDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001124198 flr:AMECOMember us-gaap:SegmentDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001124198 us-gaap:GovernmentMember us-gaap:SegmentDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001124198 us-gaap:SegmentDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001124198 flr:OtherMember us-gaap:SegmentDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001124198 flr:AMECOMember us-gaap:SegmentDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001124198 us-gaap:GovernmentMember us-gaap:SegmentDiscontinuedOperationsMember 2018-07-01 2018-09-30 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure flr:subcontract flr:Company iso4217:EUR iso4217:AUD
Table of Contents

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
Or
        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from          to          
Commission File Number:  1-16129
FLUOR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
 
33-0927079
(State or other jurisdiction of
 
(I.R.S. Employer
incorporation or organization)
 
Identification No.)
 
 
 
 
6700 Las Colinas Boulevard
 
 
Irving,
Texas
 
75039
(Address of principal executive offices)
 
(Zip Code)
469-398-7000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $.01 par value per share
FLR
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ý  No o
Indicate by check mark whether the registrant has submitted electronically, if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ý  No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes   No ý
As of October 25, 2019, 140,174,400 shares of the registrant’s common stock, $0.01 par value, were outstanding.
 


Table of Contents

FLUOR CORPORATION
FORM 10-Q
TABLE OF CONTENTS
PAGE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

1

Table of Contents

PART I:  FINANCIAL INFORMATION

Item 1. Financial Statements
FLUOR CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
UNAUDITED
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(in thousands, except per share amounts)
 
2019
 
2018
 
2019
 
2018
TOTAL REVENUE
 
$
3,937,707

 
$
3,842,235

 
$
10,622,201

 
$
11,268,305

TOTAL COST OF REVENUE
 
3,869,606

 
3,654,953

 
11,177,807

 
10,959,757

OTHER (INCOME) AND EXPENSES
 
 
 
 
 
 
 
 
Corporate general and administrative expense
 
10,362

 
61,058

 
115,426

 
134,726

Impairment, restructuring and other exit costs
 
333,988

 

 
388,027

 

Interest expense
 
18,984

 
24,238

 
56,490

 
58,131

Interest income
 
(13,965
)
 
(9,504
)
 
(40,695
)
 
(24,777
)
Total cost and expenses
 
4,218,975

 
3,730,745

 
11,697,055

 
11,127,837

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES
 
(281,268
)
 
111,490

 
(1,074,854
)
 
140,468

INCOME TAX EXPENSE
 
490,077

 
28,710

 
368,289

 
39,260

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS
 
(771,345
)
 
82,780

 
(1,443,143
)
 
101,208

NET EARNINGS FROM DISCONTINUED OPERATIONS
 
41,806

 
13,245

 
76,810

 
113,920

NET EARNINGS (LOSS)
 
(729,539
)
 
96,025

 
(1,366,333
)
 
215,128

LESS: NET EARNINGS (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS FROM CONTINUING OPERATIONS
 
10,260

 
14,199

 
(18,918
)
 
31,528

NET EARNINGS (LOSS) ATTRIBUTABLE TO FLUOR CORPORATION FROM CONTINUING OPERATIONS
 
(781,605
)
 
68,581

 
(1,424,225
)
 
69,680

LESS: NET EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTERESTS FROM DISCONTINUED OPERATIONS
 
2,185

 
4,481

 
7,803

 
9,013

NET EARNINGS ATTRIBUTABLE TO FLUOR CORPORATION FROM DISCONTINUED OPERATIONS
 
39,621

 
8,764

 
69,007

 
104,907

NET EARNINGS (LOSS) ATTRIBUTABLE TO FLUOR CORPORATION
 
$
(741,984
)
 
$
77,345

 
$
(1,355,218
)
 
$
174,587

AMOUNTS ATTRIBUTABLE TO FLUOR CORPORATION
 
 
 
 
 
 
 
 
Net earnings (loss) from continuing operations
 
$
(781,605
)
 
$
68,581

 
$
(1,424,225
)
 
$
69,680

Net earnings from discontinued operations
 
39,621

 
8,764

 
69,007

 
104,907

Net earnings (loss)
 
$
(741,984
)
 
$
77,345

 
$
(1,355,218
)
 
$
174,587

BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO FLUOR CORPORATION
 
 
 
 
 
 
 
 
Net earnings (loss) from continuing operations
 
$
(5.57
)
 
$
0.49

 
$
(10.17
)
 
$
0.49

Net earnings from discontinued operations
 
0.28

 
0.06

 
0.49

 
0.75

Net earnings (loss)
 
$
(5.29
)
 
$
0.55

 
$
(9.68
)
 
$
1.24

DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO FLUOR CORPORATION
 
 
 
 
 
 
 
 
Net earnings (loss) from continuing operations
 
$
(5.57
)
 
$
0.49

 
$
(10.17
)
 
$
0.49

Net earnings from discontinued operations
 
0.28

 
0.06

 
0.49

 
0.74

Net earnings (loss)
 
$
(5.29
)
 
$
0.55

 
$
(9.68
)
 
$
1.23

SHARES USED TO CALCULATE EARNINGS PER SHARE
 
 
 
 
 
 
 
 
BASIC
 
140,163

 
140,713

 
140,027

 
140,489

DILUTED
 
140,163

 
141,549

 
140,027

 
141,366

DIVIDENDS DECLARED PER SHARE
 
$
0.21

 
$
0.21

 
$
0.63

 
$
0.63

See Notes to Condensed Consolidated Financial Statements.

2

Table of Contents

FLUOR CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
UNAUDITED
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(in thousands)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
NET EARNINGS (LOSS)
 
$
(729,539
)
 
$
96,025

 
$
(1,366,333
)
 
$
215,128

 
 
 
 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
 
(42,002
)
 
(11,733
)
 
(14,337
)
 
(44,356
)
Ownership share of equity method investees’ other comprehensive income (loss)
 
2,662

 
(6,495
)
 
(2,125
)
 
6,055

Defined benefit pension and postretirement plan adjustments
 
1,990

 
(39,803
)
 
6,093

 
(35,933
)
Unrealized loss on derivative contracts
 
(6,294
)
 
(1,952
)
 
(599
)
 
(7,694
)
Unrealized gain on available-for-sale securities
 

 

 

 
709

TOTAL OTHER COMPREHENSIVE LOSS,
NET OF TAX
 
(43,644
)
 
(59,983
)
 
(10,968
)
 
(81,219
)
 
 
 
 
 
 
 
 
 
COMPREHENSIVE INCOME (LOSS)
 
(773,183
)
 
36,042

 
(1,377,301
)
 
133,909

 
 
 
 
 
 
 
 
 
LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS
 
10,696

 
18,280

 
(12,658
)
 
39,258

 
 
 
 
 
 
 
 
 
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO FLUOR CORPORATION
 
$
(783,879
)
 
$
17,762

 
$
(1,364,643
)
 
$
94,651

See Notes to Condensed Consolidated Financial Statements.

3

Table of Contents

FLUOR CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
UNAUDITED
(in thousands, except share and per share amounts)
 
September 30,
2019
 
December 31,
2018
ASSETS 
 
 

 
 

CURRENT ASSETS
 
 

 
 

Cash and cash equivalents ($477,434 and $391,635 related to variable interest entities (“VIEs”))
 
$
1,805,104

 
$
1,764,746

Marketable securities ($35,066 and $202,481 related to VIEs)
 
47,873

 
214,828

Accounts and notes receivable, net ($232,054 and $199,108 related to VIEs)
 
1,045,749

 
1,235,851

Contract assets ($291,493 and $295,812 related to VIEs)
 
996,716

 
1,130,918

Other current assets ($17,821 and $6,624 related to VIEs)
 
345,653

 
308,905

Current assets held for sale ($113,144 and $79,269 related to VIEs)
 
1,081,793

 
785,645

Total current assets
 
5,322,888

 
5,440,893

 
 
 
 
 
Property, plant and equipment (net of accumulated depreciation of $841,713 and $925,931) (net PP&E of $30,382 and $28,679 related to VIEs)
 
571,214

 
745,942

Goodwill
 
439,576

 
463,219

Investments
 
626,043

 
903,136

Deferred taxes
 
70,537

 
342,126

Deferred compensation trusts
 
359,304

 
328,814

Other assets ($39,167 and $26,447 related to VIEs)
 
494,145

 
312,908

Noncurrent assets held for sale ($12,931 related to VIEs in 2018)
 

 
376,599

TOTAL ASSETS
 
$
7,883,707

 
$
8,913,637

LIABILITIES AND EQUITY 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
Trade accounts payable ($437,383 and $419,590 related to VIEs)
 
$
1,295,954

 
$
1,398,666

Short-term borrowings
 
45,240

 
26,887

Contract liabilities ($267,997 and $249,831 related to VIEs)
 
1,095,890

 
800,539

Accrued salaries, wages and benefits ($24,991 and $25,341 related to VIEs)
 
579,592

 
577,917

Other accrued liabilities ($44,077 and $49,968 related to VIEs)
 
419,352

 
367,689

Current liabilities held for sale ($80,452 and $79,872 related to VIEs)
 
414,343

 
380,815

Total current liabilities
 
3,850,371

 
3,552,513

 
 
 
 
 
LONG-TERM DEBT DUE AFTER ONE YEAR
 
1,636,905

 
1,661,565

NONCURRENT LIABILITIES
 
712,501

 
564,011

NONCURRENT LIABILITIES HELD FOR SALE
 

 
17,498

CONTINGENCIES AND COMMITMENTS
 


 


 
 
 
 
 
EQUITY
 
 
 
 
Shareholders’ equity
 
 
 
 
Capital stock
 
 
 
 
Preferred — authorized 20,000,000 shares ($0.01 par value); none issued
 

 

Common — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 140,174,400 and 139,653,824 shares in 2019 and 2018, respectively
 
1,399

 
1,396

Additional paid-in capital
 
111,857

 
82,106

Accumulated other comprehensive loss
 
(551,903
)
 
(542,478
)
Retained earnings
 
1,998,142

 
3,422,157

Total shareholders’ equity
 
1,559,495

 
2,963,181

Noncontrolling interests
 
124,435

 
154,869

Total equity
 
1,683,930

 
3,118,050

TOTAL LIABILITIES AND EQUITY
 
$
7,883,707

 
$
8,913,637

See Notes to Condensed Consolidated Financial Statements.

4

Table of Contents

FLUOR CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
UNAUDITED
 
 
Nine Months Ended
September 30,
(in thousands)
 
2019
 
2018
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

Net earnings (loss)
 
$
(1,366,333
)
 
$
215,128

Adjustments to reconcile net earnings (loss) to cash provided (utilized) by operating activities:
 
 
 
 
Depreciation of fixed assets
 
129,014

 
150,592

Amortization of intangibles
 
13,032

 
14,327

(Earnings) loss from equity method investments, net of distributions
 
6,510

 
506

Gain on sale of joint venture interest
 

 
(124,942
)
Loss (gain) on sale of property, plant and equipment
 
5,690

 
(15,595
)
Impairment of long-lived assets
 
347,411

 

Amortization of stock-based awards
 
27,513

 
34,735

Deferred compensation trust
 
(36,989
)
 
(14,915
)
Deferred compensation obligation
 
34,827

 
19,320

Deferred taxes
 
270,996

 
30,969

Net retirement plan accrual (contributions)
 
(1,821
)
 
(16,552
)
Changes in operating assets and liabilities
 
627,009

 
(305,467
)
Other items
 
10,039

 
609

Cash provided (utilized) by operating activities
 
66,898

 
(11,285
)
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
Purchases of marketable securities
 
(31,165
)
 
(317,747
)
Proceeds from the sales and maturities of marketable securities
 
197,923

 
347,131

Capital expenditures
 
(140,058
)
 
(148,671
)
Proceeds from disposal of property, plant and equipment
 
56,431

 
60,863

Investments in partnerships and joint ventures
 
(34,502
)
 
(33,799
)
Return of capital from partnerships and joint ventures
 
11,733

 
20,484

Proceeds from company owned life insurance
 
12,245

 
1,040

Other items
 
2,071

 
(1,041
)
Cash provided (utilized) by investing activities
 
74,678

 
(71,740
)
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
Dividends paid
 
(88,708
)
 
(89,193
)
Proceeds from issuance of 4.250% Senior Notes
 

 
598,722

Repayment of 3.375% Senior Notes
 

 
(503,285
)
Proceeds from other borrowings
 
21,206

 
4,555

Net proceeds from issuance of commercial paper
 

 
24,449

Debt issuance costs
 

 
(4,974
)
Distributions paid to noncontrolling interests
 
(26,123
)
 
(34,688
)
Capital contributions by noncontrolling interests
 
10,581

 
4,293

Taxes paid on vested restricted stock
 
(3,572
)
 
(5,686
)
Stock options exercised
 
1,466

 
7,170

Other items
 
(1,990
)
 
(9,737
)
Cash utilized by financing activities
 
(87,140
)
 
(8,374
)
Effect of exchange rate changes on cash
 
(14,078
)
 
(32,880
)
Increase (decrease) in cash and cash equivalents
 
40,358

 
(124,279
)
Cash and cash equivalents at beginning of period
 
1,764,746

 
1,804,075

Cash and cash equivalents at end of period
 
$
1,805,104

 
$
1,679,796

See Notes to Condensed Consolidated Financial Statements.

5

Table of Contents

FLUOR CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(in thousands, except per share amounts)
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained
Earnings
Total Shareholders' Equity
Noncontrolling
Interests
Total
Equity
Shares
Amount
BALANCE AS OF
JUNE 30, 2019
140,174

$
1,399

$
113,042

$
(510,008
)
$
2,769,804

$
2,374,237

$
123,252

$
2,497,489

Net earnings (loss)




(741,984
)
(741,984
)
12,445

(729,539
)
Other comprehensive loss



(41,895
)

(41,895
)
(1,749
)
(43,644
)
Dividends ($0.21 per share)




(29,678
)
(29,678
)

(29,678
)
Distributions to noncontrolling interests






(10,551
)
(10,551
)
Capital contributions by noncontrolling interests






2,760

2,760

Other noncontrolling interest transactions


1,105



1,105

(1,722
)
(617
)
Stock-based plan activity


(2,290
)


(2,290
)

(2,290
)
BALANCE AS OF
SEPTEMBER 30, 2019
140,174

$
1,399

$
111,857

$
(551,903
)
$
1,998,142

$
1,559,495

$
124,435

$
1,683,930

 
 
 
 
 
 
 
 
 
(in thousands, except per share amounts)
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained
Earnings
Total Shareholders' Equity
Noncontrolling
Interests
Total
Equity
Shares
Amount
BALANCE AS OF
DECEMBER 31, 2018
139,654

$
1,396

$
82,106

$
(542,478
)
$
3,422,157

$
2,963,181

$
154,869

$
3,118,050

Net earnings (loss)




(1,355,218
)
(1,355,218
)
(11,115
)
(1,366,333
)
Cumulative adjustment for the adoption of ASC 842




20,544

20,544


20,544

Other comprehensive income



(9,425
)

(9,425
)
(1,543
)
(10,968
)
Dividends ($0.63 per share)


218


(89,341
)
(89,123
)

(89,123
)
Distributions to noncontrolling interests






(26,123
)
(26,123
)
Capital contributions by noncontrolling interests






10,581

10,581

Other noncontrolling interest transactions


4,188



4,188

(2,234
)
1,954

Stock-based plan activity
520

3

25,345



25,348


25,348

BALANCE AS OF
SEPTEMBER 30, 2019
140,174

$
1,399

$
111,857

$
(551,903
)
$
1,998,142

$
1,559,495

$
124,435

$
1,683,930



6

Table of Contents

FLUOR CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Continued)

(in thousands, except per share amounts)
Common Stock
Additional Paid-In Capital