Fluor 2013 Annual Report Download - page 145

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FLUOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
•Industrial & Infrastructure. Segment profit for 2012 and 2011 was impacted by pre-tax charges for
the Greater Gabbard Project totaling $416 million and $60 million, respectively. Segment profit for
2012 also included a pre-tax gain of $43 million on the sale of the company’s unconsolidated
interest in a telecommunications company located in the United Kingdom.
•Government. Segment profit in 2013 included pre-tax income of $57 million resulting from the
favorable resolution of various issues with the U.S. government related to 2001 - 2013. Of this
amount, $31 million was the result of resolving challenges as to the reimbursability of certain costs,
$11 million was the result of a favorable court ruling that resolved certain disputed items and $15
million was related to the closeout and final disposition of other matters.
•Global Services. During 2013, 2012 and 2011, intercompany revenue for the Global Services
segment, excluded from the amounts shown above, was $505 million, $462 million and $406 million,
respectively.
•Power. Segment profit for 2013, 2012 and 2011 included research and development expenses of
$53 million, $63 million and $7 million, respectively, associated with the operations of NuScale.
Reconciliation of Segment Information to Consolidated Amounts
Year Ended December 31,
(in millions) 2013 2012 2011
Total segment profit $1,209.9 $ 769.4 $1,043.3
Corporate general and administrative expense (175.1) (151.0) (163.5)
Interest income (expense), net (12.5) (0.5) 16.4
Earnings attributable to noncontrolling interests 155.3 115.6 105.6
Earnings before taxes $1,177.6 $ 733.5 $1,001.8
Operating Information by Geographic Area
External Revenue Total Assets
Year Ended December 31, As of December 31,
(in millions) 2013 2012 2011 2013 2012
United States $ 7,295.0 $ 7,021.4 $ 6,959.8 $4,329.4 $4,410.3
Canada 6,275.8 5,371.9 4,127.5 927.8 925.9
Asia Pacific (includes Australia) 4,503.4 6,349.7 4,395.5 791.4 1,140.3
Europe 2,096.3 1,632.9 1,736.8 1,150.4 1,196.2
Central and South America 3,509.7 3,526.5 2,822.5 657.8 260.2
Middle East and Africa 3,671.4 3,674.7 3,339.3 467.1 343.1
Total $27,351.6 $27,577.1 $23,381.4 $8,323.9 $8,276.0
Non-Operating Expense
Non-operating expense items of $1.8 million, $11.7 million and $13.5 million were included in
corporate general and administrative expense in 2013, 2012 and 2011, respectively. Non-operating
expenses in 2013, 2012 and 2011 primarily included expenses associated with previously divested
operations.
F-46