FLR » Topics » Financial Instruments.

This excerpt taken from the FLR 10-Q filed Nov 6, 2008.
Financial Instruments. The company utilizes foreign exchange forward or options contracts to hedge foreign currency transactions entered into in the ordinary course of business and not to engage in currency speculation.  At September 30, 2008, the company had foreign exchange forward contracts of less than 3 months duration to exchange major world currencies for U.S. dollars.  The total gross notional amount of these contracts was $2.6 million. In addition to foreign exchange forward contracts, the company has and may enter into additional price-risk management transactions (e.g., commodity swaps) to minimize the volatility of project cost.  At September 30, 2008 the company had commodity swap forward contracts of less than 3 years duration and a total gross notional amount of $15 million.

 

This excerpt taken from the FLR 10-Q filed Aug 11, 2008.

Financial Instruments

 

The company utilizes foreign exchange forward or options contracts to hedge foreign currency transactions entered into in the ordinary course of business and not to engage in currency speculation.  At June 30, 2008, the company had forward foreign exchange contracts of less than 2 months duration to exchange major world currencies for U.S. dollars.  The total gross notional amount of these contracts was $15 million. In addition to foreign exchange forward option contracts, the company from time to time enters into price-risk management transactions (e.g., commodity swaps) to minimize the volatility of project cost.  At June 30, 2008 the company had commodity swap contracts of less than 3 years duration and a total gross notional amount of $15 million.

 

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

 

 

 

There have been no material changes on this matter in the first six months of 2008.  Accordingly, the disclosures provided in the Annual Report on Form 10-K for the year ended December 31, 2007 remain current.

 

 

Item 4.

Controls and Procedures

 

 

 

Evaluation of Disclosure Controls and Procedures

 

 

 

Based on their evaluation as of the end of the period covered by this report, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) of the Exchange Act) are effective, based upon an evaluation of those controls and procedures required by paragraph (b) of Rule 13a-15 or Rule 15d-15 of the Exchange Act.

 

 

 

Changes in Internal Control over Financial Reporting

 

 

 

There were no changes to our internal control over financial reporting that occurred as of the end of the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

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Table of Contents

 

FLUOR CORPORATION

This excerpt taken from the FLR 10-Q filed May 12, 2008.

Financial Instruments

 

The company utilizes foreign exchange forward or options contracts to hedge foreign currency transactions entered into in the ordinary course of business and not to engage in currency speculation.  At March 31, 2008, the company had forward foreign exchange contracts of less than five months duration to exchange major world currencies for U.S. dollars.  The total gross notional amount of these contracts was $51 million.

 

This excerpt taken from the FLR 10-Q filed Nov 7, 2007.

Financial Instruments

 

The company utilizes foreign exchange forward or options contracts to hedge foreign currency transactions entered into in the ordinary course of business and not to engage in currency speculation. At September 30, 2007, the company had forward foreign exchange contracts of less than 12 months duration to exchange major world currencies for U.S. dollars. The total gross notional amount of these contracts was $96 million.

 

21


 

This excerpt taken from the FLR 10-Q filed Aug 7, 2007.

Financial Instruments

The company utilizes foreign exchange forward or options contracts to hedge foreign currency transactions entered into in the ordinary course of business and not to engage in currency speculation.  At June 30, 2007, the company had forward foreign exchange contracts of less than 12 months duration to exchange major world currencies for U.S. dollars.  The total gross notional amount of these contracts was $103 million.

 

21




This excerpt taken from the FLR 10-Q filed May 7, 2007.

Financial Instruments

The company utilizes foreign exchange forward or options contracts to hedge foreign currency transactions entered into in the ordinary course of business and not to engage in currency speculation.  At March 31, 2007, the company had forward foreign exchange contracts of less than 11 months duration to exchange major world currencies for U.S. dollars.  The total gross notional amount of these contracts was $88 million.

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