Fluor 2008 Annual Report Download - page 122

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FLUOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
activities for major industrial clients and, in some cases, operates and maintains their equipment fleet. The
five principal operating segments are: Oil & Gas, Industrial & Infrastructure, Government, Global
Services and Power.
The Oil & Gas segment provides design, engineering, procurement, construction and project
management professional services for upstream oil and gas production, downstream refining and certain
integrated petrochemicals markets.
The Industrial & Infrastructure segment provides design, engineering, procurement and construction
services to transportation, wind power, mining and metals, life sciences, telecommunications,
manufacturing, commercial and institutional development, microelectronics and healthcare clients.
The Government segment provides engineering, construction, contingency response, management
and operations services to the United States government. The percentage of the company’s consolidated
revenue from the United States government was 6 percent, 8 percent and 20 percent, respectively, during
the years ended December 31, 2008, 2007 and 2006.
The Global Services segment includes operations and maintenance activities, small capital project
engineering and execution, site equipment and tool services, industrial fleet outsourcing, plant turnaround
services and supply chain solutions. In addition, Global Services provides temporary staffing of technical,
professional and administrative personnel for projects in all segments.
The Power segment provides engineering, procurement, construction, program management, start-up
and commissioning and maintenance services to the gas fueled, solid fueled, renewables, emerging nuclear
and plant betterment markets.
The reportable segments follow the same accounting policies as those described in Major Accounting
Policies. Management evaluates a segment’s performance based upon operating profit. Intersegment
revenue is insignificant. The company incurs cost and expenses and holds certain assets at the corporate
level which relate to its business as a whole. Certain of these amounts have been charged to the company’s
business segments by various methods, largely on the basis of usage.
Engineering services for international projects are often performed within the United States or a
country other than where the project is located. Revenue associated with these services has been classified
within the geographic area where the work was performed.
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