10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark one)
x	QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 29, 2013
OR
o	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 1-7567

URS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	94-1381538
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
600 Montgomery Street, 26th Floor
San Francisco, California	94111-2728
(Address of principal executive offices)	(Zip Code)

(415) 774-2700

(Registrant’s telephone number, including area code)

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. x Yes o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). x Yes o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer oNon-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at April 29, 2013
Common Stock, $.01 par value	75,898,214

URS CORPORATION AND SUBSIDIARIES

This quarterly report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “potential,” “intend,” “may,” “plan,” “predict,” “project,” “will,” and similar terms used in reference to our future revenues, services, project awards and business trends; future accounting, goodwill and actuarial estimates; future contract gains or losses; conversions of future backlog and book of business into revenues; future accounts receivable and days sales outstanding; future completion of our Form S-4 and associated interest related to our bonds; future stock-based compensation expenses and the number of shares authorized and issuable under our equity plan; future dividends; future bonus, pension and post-retirement expenses; future compliance with regulations; future legal proceedings and accruals; future bonding and insurance coverage; future debt payments and capital expenditures; future effectiveness of our disclosure and internal controls over financial reporting and future economic and industry conditions.  We believe that our expectations are reasonable and are based on reasonable assumptions, however, we caution against relying on any of our forward-looking statements as such forward-looking statements by their nature involve risks and uncertainties.  A variety of factors, including but not limited to the following, could cause our business and financial results, as well as the timing of events, to differ materially from those expressed or implied in our forward-looking statements:  declines in the economy or client spending; federal sequestration; changes in our book of business; our compliance with government regulations; integration of acquisitions; employee, agent or partner misconduct; our ability to procure government contracts; liabilities for pending and future litigation; environmental liabilities; changes in oil, natural gas and other commodity prices; availability of bonding and insurance; our reliance on government appropriations; unilateral termination provisions in government contracts; impairment of our goodwill; our ability to make accurate estimates and assumptions; our accounting policies; workforce utilization; our and our partners’ ability to bid on, win, perform and renew contracts and projects; our dependence on partners, subcontractors and suppliers; customer payment defaults; our ability to recover on claims; impact of target and fixed-priced contracts on earnings; the inherent dangers at our project sites; the impact of changes in laws and regulations; nuclear indemnifications and insurance; misstatements in expert reports; a decline in defense spending; industry competition; our ability to attract and retain key individuals; retirement plan obligations; our leveraged position and the ability to service our debt; restrictive covenants in finance arrangements; risks associated with international operations; business activities in high security risk countries; information technology risks; natural and man-made disaster risks; our relationships with labor unions; our ability to protect our intellectual property rights; anti-takeover risks and other factors discussed more fully in Management’s Discussion and Analysis of Financial Condition and Results of Operationsbeginning on page 42, Risk Factors beginning on page 67, as well as in other reports subsequently filed from time to time with the United States Securities and Exchange Commission.  We assume no obligation to revise or update any forward-looking statements.

PART I. FINANCIAL INFORMATION:
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets
	March 29, 2013 and December 28, 2012	2
	Condensed Consolidated Statements of Operations
	Three months ended March 29, 2013 and March 30, 2012	3
	Condensed Consolidated Statements of Comprehensive Income
	Three months ended March 29, 2013 and March 30, 2012	4
	Condensed Consolidated Statements of Changes in Stockholders’ Equity
	Three months ended March 29, 2013 and March 30, 2012	5
	Condensed Consolidated Statements of Cash Flows
	Three months ended March 29, 2013 and March 30, 2012	7
	Notes to Condensed Consolidated Financial Statements	9
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operation	42
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	65
Item 4.	Controls and Procedures	65
PART II. OTHER INFORMATION:
Item 1.	Legal Proceedings	66
Item 1A.	Risk Factors	67
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	84
Item 3.	Defaults Upon Senior Securities	85
Item 4.	Mine Safety Disclosure	85
Item 5.	Other Information	85
Item 6.	Exhibits	86

1

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED6

(In millions, except per share data)

	March 29, 2013			December 28, 2012
ASSETS
Current assets:
Cash and cash equivalents	$	248.8		$	314.5
Accounts receivable, including retentions of $129.1 and $114.4, respectively		1,522.2			1,554.8
Costs and accrued earnings in excess of billings on contracts		1,326.7			1,384.3
Less receivable allowances		(67.8	)		(69.7	)
Net accounts receivable		2,781.1			2,869.4
Deferred tax assets		73.6			67.6
Inventory		60.1			61.5
Other current assets		186.9			204.2
Total current assets		3,350.5			3,517.2
Investments in and advances to unconsolidated joint ventures		272.2			278.3
Property and equipment at cost, net		680.5			687.5
Intangible assets, net		655.5			692.2
Goodwill		3,229.9			3,247.1
Other long-term assets		435.4			364.2
Total assets	$	8,624.0		$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	83.0		$	71.8
Accounts payable and subcontractors payable, including retentions of $31.9 and $32.3, respectively		680.7			803.5
Accrued salaries and employee benefits		535.2			558.8
Billings in excess of costs and accrued earnings on contracts		264.2			289.1
Other current liabilities		259.5			277.8
Total current liabilities		1,822.6			2,001.0
Long-term debt		2,002.4			1,992.5
Deferred tax liabilities		329.5			328.3
Self-insurance reserves		133.1			129.8
Pension and post-retirement benefit obligations		288.5			300.9
Other long-term liabilities		291.1			271.0
Total liabilities		4,867.2			5,023.5
Commitments and contingencies (Note 15)
URS stockholders’ equity:
Preferred stock, authorized 3.0 shares; no shares outstanding		—			—
Common stock, par value $.01; authorized 200.0 shares; 89.1 and 88.9 shares issued, respectively; and 76.0 and 76.8 shares outstanding, respectively		0.9			0.9
Treasury stock, 13.1 and 12.1 shares at cost, respectively		(540.0	)		(494.9	)
Additional paid-in capital		3,021.0			3,003.9
Accumulated other comprehensive loss (Note 16)		(145.6	)		(113.2	)
Retained earnings		1,280.3			1,224.4
Total URS stockholders’ equity		3,616.6			3,621.1
Noncontrolling interests		140.2			141.9
Total stockholders’ equity		3,756.8			3,763.0
Total liabilities and stockholders’ equity	$	8,624.0		$	8,786.5

See Notes to Condensed Consolidated Financial Statements

2

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED6

(In millions, except per share data)

	Three Months Ended
	March 29,			March 30,
	2013			2012
Revenues	$	2,802.5		$	2,361.5
Cost of revenues		(2,651.3	)		(2,203.2	)
General and administrative expenses		(22.7	)		(20.0	)
Acquisition-related expenses (Note 8)		—			(5.6	)
Equity in income (loss) of unconsolidated joint ventures		24.1			28.7
Operating income (loss)		152.6			161.4
Interest expense		(21.1	)		(9.8	)
Other income (expenses)		(2.5	)		2.5
Income (loss) before income taxes		129.0			154.1
Income tax benefit (expense)		(42.2	)		(48.6	)
Net income (loss) including noncontrolling    interests		86.8			105.5
Noncontrolling interests in income of consolidated    subsidiaries		(14.9	)		(25.8	)
Net income (loss) attributable to URS	$	71.9		$	79.7
Earnings per share (Note 3):
Basic	$	0.97		$	1.08
Diluted	$	0.96		$	1.07
Weighted-average shares outstanding (Note 3):
Basic		74.4			74.0
Diluted		74.9			74.3
Cash dividends declared per share (Note 13)	$	0.21		$	0.20

See Notes to Condensed Consolidated Financial Statements

3

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED

(In millions)

	Three Months Ended
	March 29,			March 30,
	2013			2012
Comprehensive income (loss):
Net income (loss) including noncontrolling interests	$	86.8			$	105.5
Pension and post-retirement related adjustments, net of tax		3.9				1.1
Foreign currency translation adjustments, net of tax		(36.3	)			21.1
Loss on derivative instruments, net of tax		—				(0.7	)
Comprehensive income (loss)		54.4				127.0
Noncontrolling interests in comprehensive income of consolidated subsidiaries		(14.9	)			(25.8	)
Comprehensive income (loss) attributable to URS	$	39.5			$	101.2

See Notes to Condensed Consolidated Financial Statements

4

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - UNAUDITED

(In millions)

												Accumulated
									Additional			Other						Total URS
	Common Stock					Treasury			Paid-in			Comprehensive			Retained			Stockholders’			Noncontrolling			Total
	Shares			Amount		Stock			Capital			Income (Loss)			Earnings			Equity			Interests			Equity
Balances, December 30, 2011		76.7		$	0.9	$	(454.9	)	$	2,966.8		$	(110.8	)	$	975.2		$	3,377.2		$	107.2		$	3,484.4
Employee stock purchases and exercises of stock options		—			—		—			1.0			—			—			1.0			—			1.0
Stock repurchased in connection with exercises of stock options and vesting of restricted stock awards		—			—		—			(0.1	)		—			—			(0.1	)		—			(0.1	)
Stock-based compensation		0.2			—		—			11.3			—			—			11.3			—			11.3
Excess tax benefits from stock-based compensation		—			—		—			0.4			—			—			0.4			—			0.4
Foreign currency translation adjustments, net of tax		—			—		—			—			21.1			—			21.1			—			21.1
Pension and post-retirement related adjustments, net of tax		—			—		—			—			1.1			—			1.1			—			1.1
Loss on derivative instruments, net of tax		—			—		—			—			(0.7	)		—			(0.7	)		—			(0.7	)
Repurchases of common stock		(1.0	)		—		(40.0	)		—			—			—			(40.0	)		—			(40.0	)
Cash dividends declared		—			—		—			—			—			(15.2	)		(15.2	)		—			(15.2	)
Distributions to noncontrolling interests		—			—		—			—			—			—			—			(15.5	)		(15.5	)
Contributions and advances from noncontrolling interests		—			—		—			—			—			—			—			0.5			0.5
Other transactions with noncontrolling interests		—			—		—			—			—			—			—			0.7			0.7
Net income (loss) including noncontrolling interests		—			—		—			—			—			79.7			79.7			25.8			105.5
Balances, March 30, 2012		75.9		$	0.9	$	(494.9	)	$	2,979.4		$	(89.3	)	$	1,039.7		$	3,435.8		$	118.7		$	3,554.5

See Notes to Condensed Consolidated Financial Statements

5

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY  – UNAUDITED (Continued)

(In millions)

												Accumulated
									Additional			Other						Total URS
	Common Stock					Treasury			Paid-in			Comprehensive			Retained			Stockholders’			Noncontrolling			Total
	Shares			Amount		Stock			Capital			Income (Loss)			Earnings			Equity			Interests			Equity
Balances, December 28, 2012		76.8		$	0.9	$	(494.9	)	$	3,003.9		$	(113.2	)	$	1,224.4		$	3,621.1		$	141.9		$	3,763.0
Employee stock purchases and exercises of stock options		0.2			—		—			6.3			—			—			6.3			—			6.3
Stock repurchased in connection with exercises of stock options and vesting of restricted stock awards		—			—		—			(0.2	)		—			—			(0.2	)		—			(0.2	)
Stock-based compensation		—			—		—			11.0			—			—			11.0			—			11.0
Foreign currency translation adjustments, net of tax		—			—		—			—			(36.3	)		—			(36.3	)		—			(36.3	)
Pension and post-retirement related adjustments, net of tax		—			—		—			—			3.9			—			3.9			—			3.9
Repurchases of common stock		(1.0	)		—		(45.1	)		—			—			—			(45.1	)		—			(45.1	)
Cash dividends declared		—			—		—			—			—			(16.0	)		(16.0	)		—			(16.0	)
Distributions to noncontrolling interests		—			—		—			—			—			—			—			(15.7	)		(15.7	)
Contributions and advances from noncontrolling interests		—			—		—			—			—			—			—			0.4			0.4
Other transactions with noncontrolling interests		—			—		—			—			—			—			—			(1.3	)		(1.3	)
Net income (loss) including noncontrolling interests		—			—		—			—			—			71.9			71.9			14.9			86.8
Balances, March 29, 2013		76.0		$	0.9	$	(540.0	)	$	3,021.0		$	(145.6	)	$	1,280.3		$	3,616.6		$	140.2		$	3,756.8

See Notes to Condensed Consolidated Financial Statements

6

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

(In millions)

	Three Months Ended
	March 29,			March 30,
	2013			2012
Cash flows from operating activities:
Net income (loss) including noncontrolling interests	$	86.8		$	105.5
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization		39.9			20.0
Amortization of intangible assets		27.6			17.2
Amortization of debt issuance costs and discount/premium		0.1			0.8
Foreign currency (gains) losses related to foreign currency derivatives and intercompany loans		2.5			(2.5	)
Normal profit		(0.6	)		1.4
Provision for doubtful accounts		1.1			1.4
Loss (gain) on disposal of property and equipment		(1.0	)		—
Deferred income taxes		(6.9	)		2.1
Stock-based compensation		11.0			11.3
Excess tax benefits from stock-based compensation		—			(0.4	)
Equity in income of unconsolidated joint ventures		(24.1	)		(28.7	)
Dividends received from unconsolidated joint ventures		23.1			18.6
Changes in operating assets, liabilities and other, net of effects of business acquisitions:
Accounts receivable and costs and accrued earnings in excess of billings on contracts		88.8			(68.8	)
Inventory		1.4			(0.5	)
Other current assets		3.0			(5.4	)
Advances to unconsolidated joint ventures		—			(5.7	)
Accounts payable, accrued salaries and employee benefits, and other current liabilities		(129.9	)		(20.1	)
Billings in excess of costs and accrued earnings on contracts		(12.5	)		(65.5	)
Other long-term liabilities		35.2			(4.1	)
Other long-term assets		(95.8	)		2.7
Total adjustments and changes		(37.1	)		(126.2	)
Net cash from operating activities		49.7			(20.7	)
Cash flows from investing activities:
Proceeds from disposal of property and equipment		3.4			9.5
Investments in unconsolidated joint ventures		(0.1	)		(4.0	)
Changes in restricted cash		1.9			1.7
Capital expenditures, less equipment purchased through capital leases and equipment notes		(25.0	)		(17.8	)
Net cash from investing activities		(19.8	)		(10.6	)

See Notes to Condensed Consolidated Financial Statements

7

URS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED (Continued)

(In millions)

	Three Months Ended
	March 29,			March 30,
	2013			2012
Cash flows from financing activities:
Borrowings from long-term debt		—			998.9
Payments on long-term debt		(1.2	)		(1.6	)
Borrowings from revolving line of credit		255.0			50.0
Payments on revolving line of credit		(234.5	)		(73.6	)
Net payments under foreign lines of credit and short-term notes		(2.3	)		(8.9	)
Net change in overdrafts		(31.4	)		0.6
Payments on capital lease obligations		(4.5	)		(2.6	)
Payments of debt issuance costs		—			(8.7	)
Excess tax benefits from stock-based compensation		—			0.4
Proceeds from employee stock purchases and exercises of stock options		6.3			1.0
Distributions to noncontrolling interests		(15.7	)		(15.5	)
Contributions and advances from noncontrolling interests		0.8			0.5
Dividends paid		(14.9	)		—
Repurchases of common stock		(45.1	)		(40.0	)
Net cash from financing activities		(87.5	)		900.5
Net change in cash and cash equivalents		(57.6	)		869.2
Effect of foreign exchange rate changes on cash and cash equivalents		(8.1	)		4.3
Cash and cash equivalents at beginning of period		314.5			436.0
Cash and cash equivalents at end of period	$	248.8		$	1,309.5
Supplemental information:
Interest paid	$	6.3		$	7.3
Taxes paid	$	10.2		$	8.8
Supplemental schedule of non-cash investing and financing activities:
Equipment acquired with capital lease obligations and equipment note obligations	$	17.8		$	3.9
Cash dividends declared but not paid	$	16.0		$	15.2

See Notes to Condensed Consolidated Financial Statements

8

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

NOTE 1.  BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES

Overview

The terms “we,” “us,” and “our” used in these financial statements refer to URS Corporation and its consolidated subsidiaries unless otherwise indicated.  We are a leading international provider of engineering, construction and technical services.  We offer a broad range of program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to public agencies and private sector clients around the world.  We also are a United States (“U.S.”) federal government contractor in the areas of systems engineering and technical assistance, operations and maintenance, and information technology (“IT”) services.  Headquartered in San Francisco, we have more than 50,000 employees in a global network of offices in nearly 50 countries.  We operate through four reporting segments:  the Infrastructure & Environment Division, the Federal Services Division, the Energy & Construction Division, and the Oil & Gas Division.  Our Oil & Gas Division is composed of the former operations of Flint Energy Services Ltd. (“Flint”), which we acquired on May 14, 2012.

The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the U.S. for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.

You should read our unaudited condensed consolidated financial statements in conjunction with the audited consolidated financial statements and related notes contained in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012.  The results of operations for the three months ended March 29, 2013 are not indicative of the operating results for the full year or for future years.

In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments that are necessary for a fair statement of our financial position, results of operations and cash flows for the interim periods presented.

The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the balance sheet dates as well as the reported amounts of revenues and costs during the reporting periods.  Actual results could differ from those estimates.  On an ongoing basis, we review our estimates based on information that is currently available.  Changes in facts and circumstances may cause us to revise our estimates.

Principles of Consolidation and Basis of Presentation

Our condensed consolidated financial statements include the financial position, results of operations and cash flows of URS Corporation and our majority-owned subsidiaries and joint ventures that are required to be consolidated.

The operating results of Flint prior to the acquisition date, May 14, 2012, are not included in our condensed consolidated financial statements.  See Note 8, “Acquisition,” for more information regarding this acquisition.

Investments in unconsolidated joint ventures are accounted for using the equity method and are included as investments in and advances to unconsolidated joint ventures on our Condensed Consolidated Balance Sheets.  All significant intercompany transactions and accounts have been eliminated in consolidation.

Reclassifications

We made reclassifications to the prior year’s financial statements to conform them to the current period’s presentation.  These reclassifications have no effect on our consolidated net cash flows or consolidated net income.

9

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid investments with maturities of 90 days or less at the date of purchase and include interest-bearing bank deposits and money market funds.  At March 29, 2013 and December 28, 2012, our restricted cash balances were $15.2 million and $17.1 million, respectively.  These amounts were included in “Other current assets” on our Condensed Consolidated Balance Sheets.  For cash held by our consolidated joint ventures, see Note 6, “Joint Ventures.”

NOTE 2.  ADOPTED AND OTHER RECENTLY ISSUED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS

An amendment to the accounting standard related to the presentation of other comprehensive income was issued.  It requires public entities to provide information about amounts reclassified out of accumulated other comprehensive income by component.  In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income and, in some cases, cross-references to related footnote disclosures.  This portion of the standard is effective for us beginning with our first interim period in fiscal year 2013.  See Note 16, “Reclassifications Out of Accumulated Other Comprehensive Income (Loss),” for more information.  The adoption of this standard did not have a material impact on our condensed consolidated financial statements.

An accounting standard update was issued related to new disclosures on offsetting assets and liabilities of financial and derivative instruments.  The amendments require the disclosure of gross asset and liability amounts, amounts offset on the balance sheet and amounts subject to the offsetting requirements, but not offset on the balance sheet.  This standard does not amend the existing guidance on when it is appropriate to offset.  An amendment to this standard was subsequently issued to clarify the intended scope of the disclosures.  It applies to derivatives, repurchase agreements, and securities lending transactions that are either offset in accordance with Topic 815, Derivatives and Hedging or subject to an enforceable master netting arrangement or similar agreement.  The amended standard update is effective for us beginning with our first interim period in fiscal year 2013.  The adoption of this standard did not have a material impact on our condensed consolidated financial statements.

An accounting standard update was issued related to obligations stemming from joint and several liability arrangements.  It addresses the recognition, measurement and disclosure of obligations when multiple parties incur joint liabilities where the total amount of the obligation is fixed at the financial reporting date.  The standard requires the recognition of the total amount of the liability that the parties are obligated to pay under an arrangement, along with any additional amount the company might expect to pay on behalf of other parties to the liability.  This standard is effective for periods beginning with our first interim period in fiscal year 2014, with an option for early adoption.  We have adopted this standard early, in connection with the filing of our Form 8-K on April 17, 2013.  See Note 17, “Condensed Consolidating Financial Information.”

An accounting standard update was issued related to foreign currency matters.  The standard update addresses the accounting for the release of cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a business unit or a group of assets that do not produce a profit within a foreign entity.  Under such circumstances, a parent company is required to release any related currency adjustments to earnings.  The currency adjustment is released into earnings only if the sale or transfer results in a complete or substantially complete liquidation of the foreign entity in question.  The standard update is effective for us for periods beginning with our first interim period in fiscal year 2014.  We do not expect that the adoption of this standard will have a material impact on our condensed consolidated financial statements.

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(Continued)

An accounting standard was issued relating to the preparation of financial statements when an entity is ceasing operations and selling assets to settle debts with creditors.  Financial statements must be prepared using a liquidation basis of accounting to help users understand how much the organization will have available to distribute to investors after disposing of its assets and settling its obligations.  The liquidation basis is used when liquidation is “imminent.”  Liquidation is considered imminent when there is only a remote likelihood that the organization will return from liquidation, and one of the following conditions is true (a) a plan for liquidation is approved by the relevant organization officials, and the likelihood that the plan will be blocked by other parties is considered remote or (b) a plan for liquidation is being imposed by other forces.  The standard is effective for us beginning with our first interim and annual reporting periods in fiscal year 2014.  We currently do not expect that the adoption of the standard will have a material impact on our condensed consolidated financial statements.

NOTE 3.  EARNINGS PER SHARE

In our computation of diluted earnings per share (“EPS”), we exclude the potential shares related to stock options that are issued and unexercised where the exercise price exceeds the average market price of our common stock during the period.  We also exclude nonvested restricted stock awards and units that have an anti-dilutive effect on EPS or that currently have not met performance conditions.

The following table summarizes the components of weighted-average shares of common stock outstanding for both basic and diluted EPS:

	Three Months Ended
	March 29,		March 30,
(In millions)	2013		2012
Weighted-average shares of common stock outstanding (1)		74.4		74.0
Effect of dilutive stock options, restricted stock awards and units and employee stock purchase plan shares		0.5		0.3
Weighted-average shares of common stock outstanding – Diluted		74.9		74.3

(1)   Weighted-average shares of common stock outstanding is net of treasury stock.

	March 29,		March 30,
(In millions)	2013		2012
Anti-dilutive equity awards not included above		0.1		1.1

NOTE 4.  ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS

Accounts receivable in the accompanying Condensed Consolidated Balance Sheets are primarily comprised of amounts billed to clients for services already provided, but which have not yet been collected.  Occasionally, under the terms of specific contracts, we are permitted to submit invoices in advance of providing our services to our clients and to the extent they have not been collected, these amounts are also included in accounts receivable.

Costs and accrued earnings in excess of billings on contracts (also referred to as “Unbilled Accounts Receivable”) in the accompanying Condensed Consolidated Balance Sheets represent unbilled amounts earned and reimbursable under contracts.  These amounts become billable according to the contract terms, which usually consider the passage of time, achievement of milestones or completion of the project.  Generally, such unbilled amounts will be billed and collected over the next twelve months.  As of March 29, 2013 and December 28, 2012, $343.7 million and $264.9 million, respectively, of Unbilled Accounts Receivable are not expected to become billable within twelve months of the balance sheet date and, as a result, are included as a component of “Other long-term assets.”

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(Continued)

Accounts receivable and Unbilled Accounts Receivable include certain amounts recognized related to unapproved change orders (amounts representing the value of proposed contract modifications, but which are unapproved as to both price and scope) and claims (amounts in excess of agreed contract prices that we seek to collect from our clients or others) that have not been collected and, in the case of balances included in accrued earnings in excess of billings on contracts, may not be billable until an agreement, or in the case of claims, a settlement is reached.  Generally, these items have not been material and have been resolved in the ordinary course of business.

Our accounts receivable include retentions associated with long-term contracts, which are generally not billable until near or at the completion of the projects or milestones and/or delivery of services.  As such, these amounts will generally be billed for contracts with terms in excess of one year from the service date.  Our Unbilled Accounts Receivable includes amounts related to milestone payment clauses, which provide for payments to be received beyond a year from the date service occurs.  Based on our historical experience, we generally consider the collection risk related to these amounts to be low.  When events or conditions indicate that the amounts outstanding may become uncollectible, an allowance is estimated and recorded.  As of March 29, 2013 and December 28, 2012, we had financing receivables with contractual terms in excess of one year of $134.7 million and $121.4 million, respectively.

The following table summarizes the components of our accounts receivable and Unbilled Accounts Receivable with the U.S. federal government and with other customers as of March 29, 2013 and December 28, 2012:

	March 29,			December 28,
(In millions)	2013			2012
Accounts receivable:
U.S. federal government	$	429.4		$	376.2
Others		1,092.8			1,178.6
Total accounts receivable	$	1,522.2		$	1,554.8
Unbilled Accounts Receivable:
U.S. federal government	$	877.2		$	892.7
Others		793.2			756.5
Total		1,670.4			1,649.2
Less:  Amounts included in Other long-term assets		(343.7	)		(264.9	)
Unbilled Accounts Receivable	$	1,326.7		$	1,384.3

NOTE 5.  INVENTORY

The table below presents the components of inventory:

	March 29,		December 28,
(In millions)	2013		2012
Raw materials	$	12.6	$	14.2
Work in progress		10.7		9.8
Finished goods		24.4		24.9
Supplies		12.4		12.6
Total	$	60.1	$	61.5

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

NOTE 6.  JOINT VENTURES

The following are examples of activities currently being performed by our significant consolidated and unconsolidated joint ventures:

·   Engineering, procurement and construction of a concrete dam;

·   Liquid waste management services, including the decontamination of a former nuclear fuel reprocessing facility and nuclear hazardous waste processing;

·   Management of ongoing tank cleanup effort, including retrieving, treating, storing and disposing of nuclear waste that is stored at tank farms;

·   Management, operation and cleanup services, including commercial operations, decontamination, decommissioning, and waste management of a nuclear facility in the United Kingdom (“U.K.”); and

·   Operations, maintenance, asset management and project management services to the Canadian energy sector.

In accordance with the current consolidation standard, we analyzed all of our joint ventures and classified them into two groups:

·   Joint ventures that must be consolidated because they are either not variable interest entities (“VIEs”) and we hold the majority voting interest, or because they are VIEs of which we are the primary beneficiary; and

·   Joint ventures that do not need to be consolidated because they are either not VIEs and we do not hold a majority voting interest, or because they are VIEs of which we are not the primary beneficiary.

We perform a quarterly review of our joint ventures to determine whether there were any changes in the status of the VIEs or changes to the primary beneficiary designation of each VIE.  We determined that no such changes occurred during the three months ended March 29, 2013.

In the table below, we have aggregated financial information relating to our VIEs because their nature and risk and reward characteristics are similar.  None of our current joint ventures that meets the characteristics of a VIE is individually significant to our consolidated financial statements.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

Consolidated Joint Ventures

The following table presents the total assets and liabilities of our consolidated joint ventures:

	March 29,		December 28,
(In millions)	2013		2012
Cash and cash equivalents	$	66.4	$	80.1
Net accounts receivable		262.2		282.2
Other current assets		2.6		2.9
Noncurrent assets		122.7		143.3
Total assets	$	453.9	$	508.5
Accounts and subcontractors payable	$	120.3	$	185.0
Billings in excess of costs and accrued earnings on contracts		4.6		8.7
Accrued expenses and other		43.5		40.0
Noncurrent liabilities		12.0		22.7
Total liabilities		180.4		256.4
Total URS equity		133.3		110.2
Noncontrolling interests		140.2		141.9
Total owners’ equity		273.5		252.1
Total liabilities and owners’ equity	$	453.9	$	508.5

Total revenues of the consolidated joint ventures were $254.1 million and $359.5 million for the three months ended March 29, 2013 and March 30, 2012, respectively.

The assets of our consolidated joint ventures are restricted for use only by the particular joint venture and are not available for our general operations.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

Unconsolidated Joint Ventures

We use the equity method of accounting for our unconsolidated joint ventures.  Under the equity method, we recognize our proportionate share of the net earnings of these joint ventures as a single line item under “Equity in income of unconsolidated joint ventures” in our Condensed Consolidated Statements of Operations.

The table below presents financial information, derived from the most recent financial statements provided to us, in aggregate, for our unconsolidated joint ventures:

	Unconsolidated
(In millions)	VIEs
March 29, 2013
Current assets	$	681.0
Noncurrent assets	$	31.7
Current liabilities	$	453.1
Noncurrent liabilities	$	11.5
December 28, 2012
Current assets	$	594.1
Noncurrent assets	$	23.8
Current liabilities	$	372.5
Noncurrent liabilities	$	7.8
Three months ended March 29, 2013 (1)
Revenues	$	546.4
Cost of revenues	$	(486.7)
Income from continuing operations before tax	$	59.7
Net income	$	56.0
Three months ended March 30, 2012 (1)
Revenues	$	363.9
Cost of revenues	$	(299.9)
Income from continuing operations before tax	$	64.0
Net income	$	58.2

(1)   Income from unconsolidated U.S. joint ventures is generally not taxable in most tax jurisdictions in the United States.  The tax expenses on our other unconsolidated joint ventures are primarily related to foreign taxes.

We received $23.1 million and $18.6 million, respectively, of distributions from unconsolidated joint ventures for the three months ended March 29, 2013 and March 30, 2012.

Maximum Exposure to Loss

In addition to potential losses arising out of the carrying values of the assets and liabilities of our unconsolidated joint ventures, our maximum exposure to loss also includes performance assurances and guarantees we sometimes provide to clients on behalf of joint ventures that we do not directly control.  We enter into these guarantees primarily to support the contractual obligations associated with the joint ventures’ projects.  The potential payment amount of an outstanding performance guarantee is typically the remaining cost of work to be performed by or on behalf of third parties under engineering and construction contracts.  However, the nature of these costs are such that we are not able to estimate amounts that may be required to be paid in excess of estimated costs to complete contracts and, accordingly, the exposure to loss as a result of these performance guarantees cannot be calculated.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

NOTE 7.  PROPERTY AND EQUIPMENT

Our property and equipment consisted of the following:

	March 29,			December 28,
(In millions)	2013			2012
Construction and mining equipment	$	268.6		$	266.4
Computer software		227.3			219.5
Computer hardware		206.7			198.2
Vehicles and automotive equipment		172.9			172.2
Leasehold improvements		136.2			130.1
Land and buildings		112.5			114.1
Furniture and fixtures		92.2			97.7
Other equipment		74.7			72.4
Construction in progress		20.8			15.6
		1,311.9			1,286.2
Accumulated depreciation and amortization		(631.4	)		(598.7	)
Property and equipment at cost, net (1)	$	680.5		$	687.5

(1)   The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

NOTE 8.  ACQUISITION

Flint Acquisition

On May 14, 2012, we acquired the outstanding common shares of Flint for C$25.00 per share in cash, or C$1.24 billion (US$1.24 billion based on the exchange rate on the date of the acquisition) and paid $110.3 million of Flint’s debt prior to the closing of the transaction in exchange for a promissory note from Flint.  In connection with the acquisition of Flint, we recognized $5.6 million for the three months ended March 30, 2012 in “Acquisition-related expenses” on our Condensed Consolidated Statements of Operations.

Investments in and advances to unconsolidated joint ventures.  As a result of the Flint acquisition, we hold a 50% voting and economic interest in a joint venture that provides operations, maintenance, asset management and project management services to the Canadian energy sector.  The fair value of our investment in this joint venture at the acquisition date was higher than the underlying equity interest.  This difference of $128.5million includes $38.0 million representing intangible assets, and the remaining amount representing goodwill.  The intangible assets are being amortized, as a reduction to earnings against the equity in income of this unconsolidated joint venture, over a period ranging from three to 40 years.  For the three months ended March 29, 2013, amortization of these intangible assets was $2.7 million.

Pro forma results.  The unaudited financial information in the table below summarizes the combined results of the operations of URS Corporation and Flint for the three months ended March 30, 2012, on a pro forma basis, as though the companies had been combined as of January 1, 2011.  The pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at January 1, 2011 nor should it be taken as indicative of our future consolidated results of operations.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	Pro Forma Three Months Ended
(In millions, except per share data)	March 30, 2012
Revenues	$	2,931.8
Net income (loss) including noncontrolling interests	$	107.1
Net income (loss) attributable to URS		81.3
Earnings (loss) per share:
Basic EPS	$	1.10
Diluted EPS	$	1.09

The table below shows the material pre-tax, nonrecurring adjustment in the pro forma financial information for the three months ended March 30, 2012:

	Pro Forma
Pre-tax, nonrecurring adjustment (In millions)	Three Months Ended
	March 30, 2012 (1)
Acquisition-related expenses	$	7.3

(1)   Included in the pro forma results for the three months ended March 30, 2012 is a nonrecurring adjustment related to URS and Flint acquisition-related expenses.

NOTE 9.  INDEBTEDNESS

Indebtedness consisted of the following:

	March 29,		December 28,
(In millions)	2013		2012
Term loan, net of debt issuance costs	$	666.6	$	666.3
3.85% Senior Notes (net of discount)		399.6		399.5
5.00% Senior Notes (net of discount)		599.5		599.5
7.50% Canadian Notes (including premium)		198.6		203.8
Revolving line of credit		119.0		100.5
Other indebtedness		102.1		94.7
Total indebtedness		2,085.4		2,064.3
Less:
Current portion of long-term debt		83.0		71.8
Long-term debt	$	2,002.4	$	1,992.5

2011 Credit Facility

As of each of March 29, 2013 and December 28, 2012, the outstanding balance of the term loan under our senior credit facility (“2011 Credit Facility”) was $670.0 million.  As of March 29, 2013 and December 28, 2012, the interest rates applicable to the term loan were 1.70% and 1.71%, respectively.  Loans outstanding under our 2011 Credit Facility bear interest, at our option, at the base rate or at the London Interbank Offered Rate (“LIBOR”) plus, in each case, an applicable per annum margin.  The applicable margin is determined based on the better of our debt ratings or our leverage ratio in accordance with a pricing grid.  The interest rate at which we normally borrow is LIBOR plus 150 basis points.

We were in compliance with the covenants of our 2011 Credit Facility as of March 29, 2013.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

Revolving line of credit.  Our revolving line of credit is used to fund daily operating cash needs and to support our standby letters of credit.  In the ordinary course of business, the use of our revolving line of credit is a function of collection and disbursement activities.  Our daily cash needs generally follow a predictable pattern that parallels our payroll cycles, which dictate, as necessary, our short-term borrowing requirements.

As of March 29, 2013 and December 28, 2012, we had an outstanding balance of $119.0 million and $100.5 million on our revolving line of credit, respectively.  As of March 29, 2013, we had issued $133.3 million of letters of credit, leaving $747.7 million available under our revolving credit facility.

Senior Notes and Canadian Notes

On March 15, 2012, we issued, in a private placement, $400.0 million aggregate principal amount of 3.85% Senior Notes due on April 1, 2017 and $600.0 million aggregate principal amount of 5.00% Senior Notes due on April 1, 2022 (collectively, the “Senior Notes”).  As of March 29, 2013, the outstanding balance of the Senior Notes was $999.1 million, net of $1.0 million of discount.

The Senior Notes are our general unsecured senior obligations and rank equally with our other existing and future unsecured senior indebtedness.  The Senior Notes are fully and unconditionally guaranteed (the “Guarantees”) by each of our current and future domestic subsidiaries that are guarantors under our 2011 Credit Facility or that are wholly owned domestic obligors or wholly owned domestic guarantors, individually or collectively, under any future indebtedness of our subsidiaries in excess of $100.0 million (the “Guarantors”).  The Guarantees are the Guarantors’ unsecured senior obligations and rank equally with the Guarantors’ other existing and future unsecured senior indebtedness.  See Note 17, “Condensed Consolidating Financial Information.”

In connection with the sale of the Senior Notes, we entered into a registration rights agreement under which we filed a registration statement, on April 17, 2013, with the Securities and Exchange Commission (“SEC”) offering to exchange any privately placed Senior Notes with substantially similar notes, except that the newly exchanged notes will be unrestricted and freely tradable securities.  The registration statement has not yet been declared effective by the SEC.  Until we complete our exchange offer, we will be required to pay additional interest up to a maximum of 50 basis points to the holders of the Senior Notes.

On May 14, 2012, we guaranteed Flint’s senior notes (the “Canadian Notes”) with an outstanding face value of C$175.0 million (US$175.0 million).  As of March 29, 2013, the outstanding balance of the Canadian Notes was $198.6 million, including $26.5 million of premium.

We were in compliance with the covenants of our Senior Notes and Canadian Notes as of March 29, 2013.

Other Indebtedness

Notes payable, five-year loan notes, and foreign credit lines.  As of March 29, 2013 and December 28, 2012, we had outstanding amounts of $43.6 million and $35.5 million, respectively, in notes payable, five-year loan notes, and foreign lines of credit.  The weighted-average interest rates of the other indebtedness were approximately 5.71% and 4.68% as of March 29, 2013 and December 28, 2012, respectively.  Notes payable primarily include notes used to finance the purchase of office equipment, computer equipment and furniture.

As of March 29, 2013 and December 28, 2012, we maintained several credit lines with an aggregate borrowing capacity of $49.0 million and $50.8 million, respectively, and had remaining borrowing capacity of $45.2 and $47.7 million, respectively.

Capital Leases.  As of March 29, 2013 and December 28, 2012, we had obligations under our capital leases of approximately $58.5 million and $59.2 million, respectively, consisting primarily of leases for office equipment, computer equipment, furniture, vehicles and automotive equipment, and construction equipment.

Foreign Currency Translation Losses Related to Intercompany Loans.  We recorded foreign currency translation losses of $2.5 million on intercompany loans for the three months ended March 29, 2013.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

NOTE 10.  FAIR VALUE OF DEBT INSTRUMENTS AND DERIVATIVE INSTRUMENTS

2011 Credit Facility

As of March 29, 2013 and December 28, 2012, the estimated fair market values of the term loan under our 2011 Credit Facility were approximately $668.0 million and $667.3 million, respectively.  The carrying value of this term loan on our Condensed Consolidated Balance Sheets as of both March 29, 2013 and December 28, 2012 was $670.0 million, excluding unamortized issuance costs.  The fair value of our term loan was derived by taking the mid-point of the trading prices from an observable market input (Level 2) in the secondary loan market and multiplying it by the outstanding balance of our term loan.

Senior Notes and Canadian Notes

As of March 29, 2013, the estimated fair market value of the Senior Notes was approximately $1.2 billion and the carrying value of these notes on our Condensed Consolidated Balance Sheets was $1.2 billion, excluding unamortized discount.  The fair value of the Senior Notes and Canadian Notes was derived by taking the mid-point of the trading prices from an observable market input (Level 2) in the secondary loan market and multiplying it by the outstanding balance of the notes.

Derivative Instruments

We use our derivative instruments as a risk management tool and not for trading or speculative purposes.  The fair value of each derivative instrument is based on mark-to-model measurements that are interpolated from observable market data, including spot and forward rates.  As of March 29, 2013, there were no derivative instruments outstanding.

Foreign Currency Exchange Contracts

We operate our business globally and our foreign subsidiaries conduct businesses in various foreign currencies.  Therefore, we are subject to foreign currency risk.  From time to time, we may purchase derivative financial instruments in the form of foreign currency exchange contracts to manage specific foreign currency exposures.

In March 2012, we entered into various foreign currency forward contracts with an aggregate notional amount of C$1.25 billion (equivalent to US$1.25 billion as of March 30, 2012) with maturity windows ranging from March 7, 2012 to May 31, 2012.  The primary objective of the contracts was to manage our exposure to foreign currency transaction risk related to the funding of our pending acquisition of Flint in Canadian dollars.  These contracts settled during the second quarter of 2012.  For the three months ended March 30, 2012, we recorded a gain of $2.5 million on our foreign currency forward contracts in “Other income (expenses)” on our Condensed Consolidated Statements of Operations.

NOTE 11.  BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

Billings in excess of costs and accrued earnings on contracts in the accompanying Condensed Consolidated Balance Sheets consist of cash collected from clients and billings to clients on contracts in advance of work performed, advance payments negotiated as a contract condition, estimated losses on uncompleted contracts, normal profit liabilities, project-related legal liabilities, and other project-related reserves.  The unearned project-related costs will be earned over the next twelve months or over the duration of the contracts.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

The following table summarizes the components of billings in excess of costs and accrued earnings on contracts:

	March 29,		December 28,
(In millions)	2013		2012
Billings in excess of costs and accrued earnings on contracts	$	184.0	$	211.7
Project-related legal liabilities and other project-related reserves		61.5		55.2
Advance payments negotiated as a contract condition		8.0		9.8
Normal profit liabilities		2.5		4.8
Estimated losses on uncompleted contracts		8.2		7.6
Total	$	264.2	$	289.1

NOTE 12.  EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS

Defined Benefit Plans

We sponsor a number of pension and unfunded supplemental executive retirement plans.  The components of our net periodic pension costs relating to our defined benefit plans for the three months ended March 29, 2013 and March 30, 2012 were as follows:

	Three Months Ended
	Domestic Plans								Foreign Plans
	March 29,				March 30,				March 29,				March 30,
(In millions)	2013				2012				2013				2012
Service cost		$	2.2			$	2.0			$	0.1			$	0.1
Interest cost			4.4				4.7				5.7				5.6
Expected return on plan assets			(4.8	)			(4.4	)			(6.0	)			(5.5	)
Amortization of:
Prior service costs			(0.1	)			(0.7	)			—				—
Net loss			3.9				2.4				—				—
Net periodic pension costs		$	5.6			$	4.0			$	(0.2	)		$	0.2

During the three months ended March 29, 2013, we made cash contributions, including employer-directed benefit payments, of $7.1 million to the domestic and foreign defined benefit plans.  We expect to make additional cash contributions, including estimated employer-directed benefit payments, of approximately $23.5 million for the remainder of our 2013 fiscal year.

Post-retirement Benefit Plans

We sponsor a number of retiree health and life insurance benefit plans (“post-retirement benefit plans”).  The components of our net periodic benefit cost relating to the post-retirement benefit plans for the three months ended March 29, 2013 and March 30, 2012 were as follows:

	Three Months Ended
	March 29,				March 30,
(In millions)	2013				2012
Interest cost		$	0.4			$	0.5
Expected return on plan assets			(0.1	)			(0.1	)
Net loss			0.1				—
Net periodic benefit costs		$	0.4			$	0.4

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

During the three months ended March 29, 2013, we made employer-directed benefit payments of $0.8 million to the post-retirement benefit plans.  We expect to make cash contributions, including estimated employer-directed benefit payments, of approximately $2.8 million for the remainder of our 2013 fiscal year.

NOTE 13.  STOCKHOLDERS' EQUITY

Dividend Program

Our Board of Directors declared the following dividends:

Declaration Date	Dividend Per Share		Record Date	Total Maximum Payment		Payment Date
(In millions, except per share data)
February 24, 2012	$	0.20	March 16, 2012	$	15.2	April 6, 2012
May 4, 2012	$	0.20	June 15, 2012	$	15.4	July 6, 2012
August 3, 2012	$	0.20	September 14, 2012	$	15.4	October 5, 2012
November 2, 2012	$	0.20	December 14, 2012	$	15.4	January 4, 2013
February 22, 2013	$	0.21	March 15, 2013	$	16.0	April 5, 2013
May 3, 2013	$	0.21	June 14, 2013		NA	July 5, 2013

NA = Not available

Equity Incentive Plan

As of March 29, 2013, approximately 3.5 million shares had been issued as restricted stock awards and 0.9 million shares were issuable upon the vesting of restricted stock units under our 2008 Incentive Plan.  In addition, approximately 0.6 million shares remained reserved for future grants under our 2008 Incentive Plan.  On March 28, 2013, our Board adopted an amendment and restatement of our 2008 Incentive Plan, subject to stockholder approval.  If our amended 2008 Incentive Plan is approved by our stockholders, the aggregate number of shares of our common stock authorized for issuance under the plan will increase by 1.5 million shares and the term of the plan will be extended until May 23, 2018.

Stock Repurchase Program

The following table summarizes our stock repurchase activities for the three months ended March 29, 2013 and March 30, 2012:

	Three Months Ended
	March 29,			March 30,
(In millions, except average price paid per share)	2013			2012
Common stock repurchase shares			1.0			1.0
Average price paid per share		$	42.96		$	40.00
Cost of common stock repurchased		$	45.1		$	40.0

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Stock-Based Compensation

We recognize stock-based compensation expense, net of estimated forfeitures, over the vesting periods in “General and administrative expenses” and “Cost of revenues” in our Condensed Consolidated Statements of Operations.

The following table presents our stock-based compensation expense related to restricted stock awards and units and our employee stock purchase plan for the three months ended March 29, 2013 and March 30, 2012:

	Three Months Ended
	March 29,		March 30,
(In millions)	2013		2012
Stock-based compensation expense:
Restricted stock awards and units	$	10.9	$	11.2
Employee stock purchase plan		0.1		0.1
Stock-based compensation expense	$	11.0	$	11.3
Stock-based compensation expense included in:
Cost of revenues	$	8.3	$	8.4
General and administrative expenses		2.7		2.9
Stock-based compensation expense	$	11.0	$	11.3

NOTE 14.  SEGMENT AND RELATED INFORMATION

We operate our business through the following four segments:

·   Infrastructure & Environment Division provides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally.

·   Federal Services Division provides services to various U.S. federal government agencies, primarily the Department of Defense.  These services include program management, planning, design and engineering, systems engineering and technical assistance, construction and construction management, operations and maintenance, IT services, and decommissioning and closure.

·   Energy & Construction Division provides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally.

·   Oil & Gas Division provides oilfield services, including rig transportation and fluid hauling services, facility and pipeline construction, module fabrication, and maintenance services, for the oil and gas industry in the U.S. and Canada.

These four segments operate under separate management groups and produce discrete financial information.  Their operating results also are reviewed separately by management.  The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012.  The information disclosed in our condensed consolidated financial statements is based on the four segments that compose our current organizational structure.

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The following table presents summarized financial information for our reportable segments.  “Inter-segment, eliminations and other” in the following table includes eliminations of inter-segment sales and investments in subsidiaries.  The segment balance sheet information presented below is included for informational purposes only.  We do not allocate resources based upon the balance sheet amounts of individual segments.  Our long-lived assets consist primarily of property and equipment.

	Three Months Ended
	March 29,			March 30,
(In millions)	2013			2012
Revenues
Infrastructure & Environment	$	933.4		$	964.2
Federal Services		678.2			717.1
Energy & Construction		664.8			725.7
Oil & Gas (1)		583.8			—
Inter-segment, eliminations and other		(57.7	)		(45.5	)
Total revenues	$	2,802.5		$	2,361.5
Equity in income (loss) of unconsolidated joint ventures
Infrastructure & Environment	$	1.1		$	0.8
Federal Services		1.4			1.6
Energy & Construction		21.7			26.3
Oil & Gas (1)		(0.1	)		—
Total equity in income of unconsolidated joint ventures	$	24.1		$	28.7
URS operating income (loss) (2)
Infrastructure & Environment	$	40.8		$	45.4
Federal Services		99.1			93.0
Energy & Construction		12.3			22.8
Oil & Gas (1)		8.2			—
Corporate (3)		(22.7	)		(25.6	)
Total URS operating income (loss)	$	137.7		$	135.6
Operating income (loss)
Infrastructure & Environment	$	41.3		$	45.9
Federal Services		99.1			93.0
Energy & Construction		27.1			48.1
Oil & Gas (1)		7.8			—
Corporate (3)		(22.7	)		(25.6	)
Total operating income (loss)	$	152.6		$	161.4
Depreciation and amortization
Infrastructure & Environment	$	12.5		$	14.4
Federal Services		9.3			9.6
Energy & Construction		12.0			11.7
Oil & Gas (1)		31.6			—
Corporate (3)		2.1			1.5
Total depreciation and amortization	$	67.5		$	37.2

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

(2)   We are providing information regarding URS operating income (loss) by segment because management uses this information to assess performance and make decisions about resource allocation.  URS operating income is defined as segment operating income after reduction for pre-tax noncontrolling interests, but before the reduction of any pre-tax goodwill impairment charges.

(3)   Corporate includes expenses related to corporate functions and acquisition-related expenses.

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Reconciliations of URS operating income by segment to segment operating income for the three months ended March 29, 2013 and March 30, 2012 are as follows:

	Three Months Ended March 29, 2013
	Infrastructure						Energy			Oil
	&			Federal			&			&
(In millions)	Environment			Services			Construction			Gas				Corporate				Consolidated
URS operating income (loss)		$	40.8		$	99.1		$	12.3		$	8.2			$	(22.7	)		$	137.7
Noncontrolling interests			0.5			—			14.8			(0.4	)			—				14.9
Operating income (loss)		$	41.3		$	99.1		$	27.1		$	7.8			$	(22.7	)		$	152.6
	Three Months Ended March 30, 2012
	Infrastructure						Energy			Oil
	&			Federal			&			&
(In millions)	Environment			Services			Construction			Gas				Corporate				Consolidated
URS operating income (loss)		$	45.4		$	93.0		$	22.8		$	—			$	(25.6	)		$	135.6
Noncontrolling interests			0.5			—			25.3			—				—				25.8
Operating income (loss)		$	45.9		$	93.0		$	48.1		$	—			$	(25.6	)		$	161.4

Total investments in and advances to unconsolidated joint ventures and property and equipment, net of accumulated depreciation, are as follows:

	March 29,		December 28,
(In millions)	2013		2012
Infrastructure & Environment	$	9.0	$	8.1
Federal Services		6.6		5.7
Energy & Construction		119.6		124.5
Oil & Gas		137.0		140.0
Total investments in and advances to unconsolidated joint ventures	$	272.2	$	278.3
Infrastructure & Environment	$	139.8	$	141.0
Federal Services		40.0		36.6
Energy & Construction		58.4		60.1
Oil & Gas		412.6		422.9
Corporate		29.7		26.9
Total property and equipment, net of accumulated depreciation	$	680.5	$	687.5

Total assets by segment are as follows:

	March 29,		December 28,
(In millions)	2013		2012
Infrastructure & Environment	$	2,180.7	$	2,267.5
Federal Services		1,636.9		1,645.8
Energy & Construction		2,762.9		2,776.5
Oil & Gas		1,860.3		1,904.4
Corporate		183.2		192.3
Total assets	$	8,624.0	$	8,786.5

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Interim Goodwill Review

We perform our annual goodwill impairment review as of the end of the first month following our September reporting period and also perform interim impairment reviews when triggering events occur.  During the first quarter of 2013, a government sequestration order was signed canceling budgetary resources across the federal government for fiscal year 2013.  The budget cuts spread across many key government programs and agencies, several of which were related to markets we serve.  This event prompted us to perform an interim goodwill impairment test as of March 29, 2013.  Management determined that three of our seven reporting units could potentially be impacted by the federal sequester.  We performed an analysis to determine whether the fair value of each reporting unit was less than its carrying amount.  Analytical procedures were also performed to include an analysis of the impact on stock market prices of URS and comparable companies, review of stock analyst reports, and management guidance and commentary from comparable companies.  Based on this analysis, it was determined that there was no impairment due to the sequestration event.

Major Customers and Other

Our largest clients are from our federal market sector.  Within this sector, we have multiple contracts with our two major customers:  the U.S. Army and the Department of Energy (“DOE”).  For the purpose of analyzing revenues from major customers, we do not consider the combination of all federal departments and agencies as one customer.  The different federal agencies manage separate budgets.  As such, reductions in spending by one federal agency do not affect the revenues we could earn from another federal agency.  In addition, the procurement processes for federal agencies are not centralized, and procurement decisions are made separately by each federal agency.  The loss of the federal government, the U.S. Army, or DOE as clients would have a material adverse effect on our business; however, we are not dependent on any single contract on an ongoing basis.  We believe that the loss of any single contract would not have a material adverse effect on our business.

Our revenues from the U.S. Army and DOE by division for the three months ended March 29, 2013 and March 30, 2012 are presented below:

	Three Months Ended
	March 29,			March 30,
(In millions, except percentages)	2013			2012
The U.S. Army (1)
Infrastructure & Environment	$	33.0		$	43.8
Federal Services		388.4			373.1
Energy & Construction		24.8			24.9
Total U.S. Army	$	446.2		$	441.8
Revenues from the U.S. Army as a percentage of our consolidated revenues		16	%		19	%
DOE
Infrastructure & Environment	$	1.1		$	1.1
Federal Services		3.9			5.9
Energy & Construction		206.8			253.0
Total DOE	$	211.8		$	260.0
Revenues from DOE as a percentage of our consolidated revenues		8	%		11	%
Revenues from the federal market sector as a percentage of our consolidated revenues		38	%		50	%

(1)   The U.S. Army includes U.S. Army Corps of Engineers.

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NOTE 15.  COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, we and our affiliates are subject to various contractual disputes, governmental audits and investigations, and legal proceedings alleging, among other things, contractual, tortious or statutory breaches.  The final outcomes of these various matters cannot be predicted or estimated with certainty.  We are including information regarding the following matters:

·   USAID Egyptian Projects:  In March 2003, Washington Group International, Inc., a Delaware company, (“WGI Delaware”), our wholly-owned subsidiary, was notified by the Department of Justice that the federal government was considering civil litigation against WGI Delaware for potential violations of the U.S. Agency for International Development (“USAID”) source, origin, and nationality regulations in connection with five of WGI Delaware’s USAID-financed host-country projects located in Egypt beginning in the early 1990s.  In November 2004, the federal government filed an action in the United States District Court for the District of Idaho against WGI Delaware, Contrack International, Inc., and MISR Sons Development S.A.E., an Egyptian construction company, asserting violations under the Federal False Claims Act, the Federal Foreign Assistance Act of 1961, as well as common law theories of payment by mistake and unjust enrichment.  The federal government seeks damages and civil penalties for violations of the statutes as well as a refund of the approximately $373.0 million paid to WGI Delaware under the specified contracts.  WGI Delaware has denied any liability in the action and contests the federal government’s damage allegations and its entitlement to recovery.  All USAID projects under the contracts have been completed and are fully operational.

In March 2005, WGI Delaware filed a motion in Idaho District Court to dismiss the federal government’s claims or to stay the Idaho action and also a motion in Bankruptcy Court in Nevada to dismiss the government’s claims for failure to give appropriate notice or otherwise preserve its claims.  In August 2005, the Bankruptcy Court ruled that all federal government claims were barred.  The federal government appealed the Bankruptcy Court's order to the United States District Court for the District of Nevada.  In March 2006, the Idaho District Court stayed that action during the pendency of the federal government's appeal of the Bankruptcy Court's ruling.  In December 2006, the Nevada District Court reversed the Bankruptcy Court’s order and remanded the matter back to the Bankruptcy Court for further proceedings.  WGI Delaware renewed its motion in Bankruptcy Court, and in November 2008, the Bankruptcy Court ruled that the federal government’s common law claims of unjust enrichment and payment by mistake are barred, and could no longer be pursued.  On April 24, 2012, the Bankruptcy Court ruled that the bulk of the federal government’s claims under the False Claims and the Federal Foreign Assistance Acts are not barred.  On November 7, 2012, WGI Delaware appealed the Bankruptcy Court’s decision to the Ninth Circuit Bankruptcy Appellate Panel.

WGI Delaware intends to continue to defend this matter vigorously; however, WGI Delaware cannot provide assurance that it will be successful in these efforts.  The potential range of loss and the resolution of these matters cannot be determined at this time primarily due to the very limited factual record that exists in light of our limited ability to evaluate discovery that has been conducted so far at this early stage of the Idaho litigation; the fact that the matter involves unique and complex bankruptcy, international, and federal regulatory legal issues; the uncertainty concerning legal theories and their potential resolution by the courts; and the duration of this matter, as well as a number of additional factors.

·   New Orleans Levee Failure Class Action Litigation:  From July 1999 through May 2005, Washington Group International, Inc., an Ohio company (“WGI Ohio”), a wholly owned subsidiary acquired by us on November 15, 2007, performed demolition, site preparation, and environmental remediation services for the U.S. Army Corps of Engineers on the east bank of the Inner Harbor Navigation Canal (the “Industrial Canal”) in New Orleans, Louisiana.  On August 29, 2005, Hurricane Katrina devastated New Orleans.  The storm surge created by the hurricane overtopped the Industrial Canal levee and floodwall, flooding the Lower Ninth Ward and other parts of the city.  Fifty-nine personal injury and property damage class action lawsuits were filed in Louisiana State and federal court against several defendants, including WGI Ohio, seeking $200.0 billion in damages plus attorneys’ fees and costs.  Plaintiffs are residents and property owners who claim to have incurred damages from the breach and failure of the hurricane protection levees and floodwalls in the wake of Hurricane Katrina.

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All 59 lawsuits were pleaded as class actions but none have yet been certified as class actions.  Along with WGI Ohio, the U.S. Army Corps of Engineers, the Board for the Orleans Levee District, and its insurer, St. Paul Fire and Marine Insurance Company were also named as defendants.  At this time WGI Ohio and the Army Corps of Engineers are the remaining defendants.  These 59 lawsuits, along with other hurricane-related cases not involving WGI Ohio, were consolidated in the United States District Court for the Eastern District of Louisiana (“District Court”).

Plaintiffs allege that defendants were negligent in their design, construction and/or maintenance of the New Orleans levees.  Specifically, as to WGI Ohio, plaintiffs allege that work WGI Ohio performed adjacent to the Industrial Canal damaged the levee and floodwall, causing or contributing to breaches and flooding.  WGI Ohio did not design, construct, repair or maintain any of the levees or the floodwalls that failed during or after Hurricane Katrina.  Rather, WGI Ohio performed work adjacent to the Industrial Canal as a contractor for the federal government.

WGI Ohio filed a motion for summary judgment, seeking dismissal on grounds that government contractors are immune from liability.  On December 15, 2008, the District Court granted WGI Ohio’s motion for summary judgment, but several plaintiffs appealed that decision to the United States Fifth Circuit Court of Appeals on April 27, 2009.  On September 14, 2010, the Court of Appeals reversed the District Court’s summary judgment decision and WGI Ohio’s dismissal, and remanded the case back to the District Court for further litigation.  On August 1, 2011, the District Court decided that the government contractor immunity defense would not be available to WGI Ohio at trial, but would be an issue for appeal.  Five of the cases were tried in District Court from September 12, 2012 through October 3, 2012.  On April 12, 2013, the District Court ruled in favor of WGI Ohio and the Army Corps of Engineers finding that the five plaintiffs failed to prove that WGI Ohio’s or the Army Corps of Engineers’ actions caused the failure of the Industrial Canal floodwall during Hurricane Katrina.  The plaintiffs will have the right to appeal the decision to the Fifth Circuit Court of Appeals.

WGI Ohio intends to continue to defend these matters vigorously; however, WGI Ohio cannot provide assurance that it will be successful in these efforts.  The potential range of loss and the resolution of these matters cannot be determined at this time primarily due to the likelihood of an appeal, the unknown number of individual plaintiffs who are actually asserting claims against WGI Ohio; the uncertainty regarding the nature and amount of each individual plaintiff’s damage claims; uncertainty concerning legal theories and factual bases that plaintiffs may present and their resolution by courts or regulators; and uncertainty about the plaintiffs’ claims, if any, that might survive certain key motions of our affiliate, as well as a number of additional factors.

·   DOE Deactivation, Demolition, and Removal Project:  WGI Ohio executed a cost-reimbursable task order with the DOE in 2007 to provide deactivation, demolition and removal services at a New York State project site that during 2010 experienced contamination and performance issues.  In February 2011, WGI Ohio and the DOE executed a Task Order Modification that changed some cost-reimbursable contract provisions to at-risk.  The Task Order Modification, including subsequent amendments, requires the DOE to pay all project costs up to $105.9 million, requires WGI Ohio and the DOE to equally share in all project costs incurred from $105.9 million to $145.9 million, and requires WGI Ohio to pay all project costs exceeding $145.9 million.  In addition, in September 2011, WGI Ohio voluntarily paid a civil penalty related to the contamination incident.

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Through March 29, 2013, WGI Ohio has incurred total project costs of $234.9 million and has recorded cumulative project losses of $15.3 million.  Due to unanticipated requirements and permitting delays by federal and state agencies, as well as delays and related ground stabilization activities caused by Hurricane Irene, WGI Ohio has been required to perform work outside the scope of the Task Order Modification.  Based on changes and delays to date, requests for equitable adjustment (“REA”) amounting to $47.1 million and proposals related to the hurricane-caused impacts and other directed changes in the amount of $105.1 million have been submitted to the DOE for approval.  WGI Ohio also expects to submit additional REAs of at least $8.7 million to the DOE in 2013.  Through March 29, 2013, the DOE authorized an additional $30.7 million of funding primarily related to the hurricane-caused impacts.  In early 2013, WGI Ohio submitted several certified claims against the DOE pursuant to the Contracts Disputes Acts seeking recovery of $100.8 million of the above unfunded REA and proposal costs incurred to date and $4.5 million of fee on the expanded work scope.  The final project completion costs are not currently estimable due to continuing delays in permitting, other delays, and approval of a final project plan.  WGI Ohio can give no assurance that it will not be obligated to pay some or all of the REAs, non-funded hurricane-caused impacts, the other directed changes, and additional project completion costs, which would negatively impact our future results of operations.

·   Bolivian Mine Services Agreement:  In 2009, a mine service agreement performed by our wholly-owned subsidiary, Washington Group Bolivia, was unilaterally terminated for convenience by the mine owner.  The mine owner disputed the fair market value of mining equipment it was required to repurchase under the terms of the mine services agreement.  Subsequently, on November 16, 2010, Washington Group Bolivia received a formal claim asserting breaches of contractual obligations and warranties, including the failure to adhere to the requisite professional standard of care while performing the mine services agreement.  On June 17, 2011, Washington Group Bolivia received a formal demand for arbitration pursuant to the Rules of Arbitration of the International Chamber of Commerce asserting claims up to $52.6 million.  Washington Group Bolivia brought a $50 million counterclaim on August 3, 2012 against the mine owner asserting claims of wrongful termination and lost productivity.  Arbitration on the mine owner’s claims and Washington Group Bolivia’s counterclaims commenced and concluded in December 2012.  In the course of the arbitration proceedings, the mine owner has reduced its claims to approximately $32.2 million, while Washington Group Bolivia has refined its counterclaim amount to not more than $62.9 million.

Washington Group Bolivia intends to continue to defend this matter vigorously; however, we cannot provide assurance that it will be successful in these efforts.  While Washington Group Bolivia believes that the mine owner’s claims are largely without merit, the potential range of loss and the resolution of these matters cannot be determined at this time due to a number of factors, including the uncertainty of how the arbitration tribunal will apply the multiple legal theories and factual bases for the parties’ respective claims and defenses and the added complexity that comes from the fact that the parties, project location and applicable law span multiple countries and jurisdictions.

·   Canadian Pipeline Contract:  In January 2010, a pipeline owner filed an action in the Court of Queen’s Bench of Alberta, Canada against Flint, a company we acquired in May 2012, as well as against a number of other defendants, alleging that the defendants negligently provided pipe coating and insulation system services, engineering, design services, construction services, and other work, causing damage to and abandonment of the line.  The pipeline owner alleges it has suffered approximately C$85.0 million in damages in connection with the abandonment and replacement of the pipeline.  Flint was the construction contractor on the pipeline project.  Other defendants were responsible for engineering and design-services and for specifying and providing the actual pipe, insulation and coating materials used in the line.  In January 2011, the pipeline owner served a Statement of Claim on Flint and, in September 2011, Flint filed a Statement of Defense denying that the damages to the coating system of the pipeline were caused by any negligence or breach of contract of Flint.  Flint believes the damages were caused or contributed to by the negligence of one or more of the co-defendants and/or by the negligent operation of the pipeline owner.

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Flint intends to continue to defend this matter vigorously; however, it cannot provide assurance that it will be successful, in whole or in part, in these efforts.  The potential range of loss and the resolution of this matter cannot be determined at this time primarily due to the early stage of the discovery; the substantial uncertainty regarding the actual cause of the damage to or loss of the line; the nature and amount of each individual damage claim against the various defendants; and the uncertainty concerning legal theories and factual bases that the customer may present against all or some of the defendants.

·   U.K. Joint Venture:  On April 12, 2010, one of our U.K. joint ventures sent several bags of low level non-exempt radioactive waste to a waste disposal facility that was not licensed to handle such waste.  On November 15, 2012, the U.K. Environment Agency and the U.K. Department for Transport initiated environmental regulatory proceedings against our U.K. joint venture in the Workington Magistrates’ Court under the U.K. Environmental Permitting Regulations 2010, the Radioactive Substances Act 1993, the Carriage of Dangerous Goods and the use of Transportable Pressure Equipment Regulations 2009.  On February 7, 2013, our U.K. joint venture entered a plea of guilty before the Magistrates’ Court and the matter was referred to the Crown Court for sentencing.  The potential range of loss and the resolution of this matter cannot be determined at this time primarily due to the fact that the matter involves unique and complex environmental and regulatory legal issues, as well as a number of additional factors.

The resolution of outstanding claims is subject to inherent uncertainty, and it is reasonably possible that resolution of any of the above outstanding claims or legal proceedings could have a material adverse effect on us.  Our evaluation of the impact of pending actions could change in the future and unfavorable outcomes and/or defense costs, depending upon the amount and timing, could have a material adverse effect on our results of operations or cash flows for future periods.

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Insurance

Generally, our insurance program covers workers’ compensation and employer’s liability, general liability, automobile liability, professional errors and omissions liability, property, marine property and liability, and contractor’s pollution liability (in addition to other policies for specific projects).  Our insurance program includes deductibles or self-insured retentions for each covered claim.  In addition, our insurance policies contain exclusions and sublimits that insurance providers may use to deny or restrict coverage.  Excess liability, contractor’s pollution liability, and professional liability insurance policies provide for coverages on a “claims-made” basis, covering only claims actually made and reported during the policy period currently in effect.  Thus, if we do not continue to maintain these policies, we will have no coverage for claims made after the termination date even for claims based on events that occurred during the term of coverage.  While we intend to maintain these policies, we may be unable to maintain existing coverage levels.

Guarantee Obligations and Commitments

As of March 29, 2013, we had the following guarantee obligations and commitments:

We have agreed to indemnify one of our joint venture partners up to $25.0 million for any potential losses, damages, and liabilities associated with lawsuits in relation to general and administrative services we provide to the joint venture.

As of March 29, 2013, we had $35.6 million in bank guarantees outstanding under foreign credit facilities and other banking arrangements.

We also maintain a variety of commercial commitments that are generally made to support provisions of our contracts.  In addition, in the ordinary course of business, we provide letters of credit to clients and others against advance payments and to support other business arrangements.  We are required to reimburse the issuers of letters of credit for any payments they make under the letters of credit.

In the ordinary course of business, we may provide performance assurances and guarantees related to our services.  For example, these guarantees may include surety bonds, arrangements among our client, a surety, and us to ensure we perform our contractual obligations pursuant to our client agreement.  If our services under a guaranteed project are later determined to have resulted in a material defect or other material deficiency, then we may be responsible for monetary damages or other legal remedies.  When sufficient information about claims on guaranteed projects is available and monetary damages or other costs or losses are determined to be probable, we recognize such guarantee losses.

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NOTE 16.  RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The accumulated balances and reporting period activities related to reclassifications out of accumulated other comprehensive income (loss) are summarized as follows:

(In millions)	Pension and Post-retirement Related Adjustments			Foreign Currency Translation Adjustments			Loss on Derivative Instruments			Accumulated Other Comprehensive Income (Loss)
Balances at December 30, 2011	$	(108.8	)	$	(2.0	)	$	—		$	(110.8	)
Other comprehensive income before reclassification		0.1			21.1			(0.7	)		20.5
Amounts reclassified from accumulated other comprehensive income:
Prior service costs, net of tax (1)		(0.4	)		—			—			(0.4	)
Actuarial (gains) losses, net of tax (1)		1.4			—			—			1.4
Net current-period other comprehensive income		1.1			21.1			(0.7	)		21.5
Balances at March 30, 2012	$	(107.7	)	$	19.1		$	(0.7	)	$	(89.3	)
Balances at December 28, 2012	$	(135.4	)	$	22.8		$	(0.6	)	$	(113.2	)
Other comprehensive income before reclassification		1.6			(36.1	)		—			(34.5	)
Amounts reclassified from accumulated other comprehensive income:
Prior service costs, net of tax (1)		(0.1	)		—			—			(0.1	)
Actuarial (gains) losses, net of tax (1)		2.4			—			—			2.4
Translation adjustment realized upon liquidation of foreign subsidiaries, net of tax (2)		—			(0.2	)		—			(0.2	)
Net current-period other comprehensive income		3.9			(36.3	)		—			(32.4	)
Balances at March 29, 2013	$	(131.5	)	$	(13.5	)	$	(0.6	)	$	(145.6	)

(1)   These accumulated other comprehensive income components are included in the computation of net periodic pension costs, which were recorded in “Cost of revenues” and “General and administrative expenses” in our Condensed Consolidated Statements of Operations.  See Note 12, “Employee Retirement and Post-Retirement Benefit Plans,” for more information.

(2)   This accumulated other comprehensive income component is reclassified into “Cost of revenues” in our Condensed Consolidated Statements of Operations.

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(Continued)

NOTE 17.  CONDENSED CONSOLIDATING FINANCIAL INFORMATION

On March 15, 2012, URS Corporation, the parent company (“Parent”), and URS Fox US LP (“Fox LP”), a 100% owned subsidiary of the Parent, issued the Senior Notes.  See Note 9, “Indebtedness,” for more information.  The Senior Notes are our general unsecured senior obligations and rank equally with our other existing and future unsecured senior indebtedness.  The Senior Notes are fully and unconditionally guaranteed (the “Guarantees”) on a joint-and-several basis by each of our current and future domestic subsidiaries that are guarantors under our 2011 Credit Facility or that are 100% owned domestic obligors or 100% owned domestic guarantors, individually or collectively, under any future indebtedness of our subsidiaries in excess of $100.0 million (the “Guarantors”).  The Guarantees are the Guarantors’ unsecured senior obligations and rank equally with the Guarantors’ other existing and future unsecured senior indebtedness.  Each of the Guarantor subsidiaries is 100% owned by the Parent.

Consistent with the arrangement between the Parent and Fox LP, $299.4 million and $699.6 million of the Senior Notes are included in the liabilities of the Parent and Fox LP, as of both December 28, 2012 and March 29, 2013, respectively, net of $1.0 million of total discount.

Revision of Previously Issued Condensed Consolidating Financial Information

During the quarter ended March 29, 2013, we identified an error related to the presentation of intercompany accounts receivable and payable, and the presentation of short-term and long-term intercompany notes payable as of December 28, 2012.  This revision had no impact on any consolidated totals of the condensed consolidating financial information.  However, the revision impacted the amounts presented in the Issuer Parent, Guarantors, Non-guarantors and Elimination columns in the Condensed Consolidating Balance Sheets as of December 28, 2012.  The errors also impacted the amounts presented in the Condensed Consolidating Statement of Cash Flows between investing and financing activities for the year ended December 28, 2012.   These errors were included in the previously filed condensed consolidating financial information filed with our Form 8-K filed on April 17, 2013.  

We assessed the materiality of the errors in accordance with the SEC’s Staff Accounting Bulletin 99 and concluded that the previously issued condensed consolidating financial information was not materially misstated.  In accordance with the SEC’s Staff Accounting Bulletin 108, we have corrected these immaterial errors by revising the previously issued condensed consolidating financial information included in this footnote.

Accordingly, the condensed consolidating financial information, as of and for the fiscal year ended December 28, 2012, have been revised to correct the immaterial errors described above.  This revision will be presented prospectively in future filings.

32

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

The revisions and related impacts to the current assets, current liabilities, total assets, total liabilities, cash flows from financing activities and cash flows from investing activities as of and for the year ended December 28, 2012 are presented below:

	As of December 28, 2012
(in millions)	Issuer Parent			Issuer Fox LP			Guarantors			Non- Guarantors			Eliminations			Consolidated
As Reported
ASSETS
Current assets:
Cash and cash equivalents	$	14.4		$	—		$	16.3		$	285.4		$	(1.6	)	$	314.5
Accounts receivable, including retentions		—			—			771.2			811.8			(28.2	)		1,554.8
Costs and accrued earnings in excess of billings on contracts		—			—			876.9			515.7			(8.3	)		1,384.3
Less receivable allowances		—			—			(29.1	)		(40.6	)		—			(69.7	)
Net accounts receivable		—			—			1,619.0			1,286.9			(36.5	)		2,869.4
Intercompany accounts receivable		1,765.8			22.4			4,248.9			1,530.6			(7,567.7	)		—
Deferred tax assets		6.8			—			60.3			0.5			—			67.6
Inventory		—			—			5.5			56.0			—			61.5
Other current assets		38.2			—			65.5			111.3			(10.8	)		204.2
Total current assets		1,825.2			22.4			6,015.5			3,270.7			(7,616.6	)		3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures		5,400.5			20.7			1,812.0			258.9			(7,213.8	)		278.3
Property and equipment at cost, net		26.9			—			159.7			500.9			—			687.5
Intangible assets, net		0.2			—			223.5			468.5			—			692.2
Goodwill		—			—			1,778.7			1,468.4			—			3,247.1
Other long-term assets		22.4			—			231.3			115.3			(4.8	)		364.2
Total assets	$	7,275.2		$	43.1		$	10,220.7		$	6,082.7		$	(14,835.2	)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	18.9		$	—		$	10.0		$	42.9		$	—		$	71.8
Accounts payable and subcontractors payable, including retentions		4.1			—			382.8			454.8			(38.2	)		803.5
Accrued salaries and employee benefits		41.1			—			362.6			155.1			—			558.8
Billings in excess of costs and accrued earnings on contracts		—			—			146.4			143.0			(0.3	)		289.1
Intercompany accounts payable		3,138.3			14.7			3,109.1			1,305.6			(7,567.7	)		—
Short-term intercompany notes payable		14.3			—			20.0			599.2			(633.5	)		—
Other current liabilities		59.4			8.6			146.3			74.0			(10.5	)		277.8
Total current liabilities		3,276.1			23.3			4,177.2			2,774.6			(8,250.2	)		2,001.0
Long-term debt		952.2			699.6			16.9			323.8			—			1,992.5
Deferred tax liabilities		—			—			247.6			85.5			(4.8	)		328.3
Self-insurance reserves		—			—			18.3			111.5			—			129.8
Pension and post-retirement benefit obligations		—			—			185.4			115.5			—			300.9
Long-term intercompany notes payable		—			—			561.7			687.8			(1,249.5	)		—
Other long-term liabilities		2.9			—			197.0			71.1			—			271.0
Total liabilities		4,231.2			722.9			5,404.1			4,169.8			(9,504.5	)		5,023.5
URS stockholders' equity		3,621.1			8.0			5,400.4			1,805.3			(7,213.7	)		3,621.1
Intercompany notes receivable		(577.1	)		(687.8	)		(583.8	)		(34.3	)		1,883.0			—
Total URS stockholders' equity		3,044.0			(679.8	)		4,816.6			1,771.0			(5,330.7	)		3,621.1
Noncontrolling interests		—			—			—			141.9			—			141.9
Total stockholders' equity		3,044.0			(679.8	)		4,816.6			1,912.9			(5,330.7	)		3,763.0
Total liabilities and stockholders' equity	$	7,275.2		$	43.1		$	10,220.7		$	6,082.7		$	(14,835.2	)	$	8,786.5

33

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	As of December 28, 2012
(in millions)	Issuer Parent			Issuer Fox LP		Guarantors			Non- Guarantors			Eliminations			Consolidated
Adjustment
ASSETS
Current assets:
Accounts receivable, including retentions	$	—		$	—	$	0.1		$	—		$	(0.1	)	$	—
Net accounts receivable		—			—		0.1			—			(0.1	)		—
Intercompany accounts receivable		27.4			—		(315.8	)		(261.6	)		550.0			—
Total current assets		27.4			—		(315.7	)		(261.6	)		549.9			—
Investments in and advances to subsidiaries and unconsolidated joint ventures		0.1			—		0.2			4.0			(4.3	)		—
Intangible assets, net		—			—		(0.2	)		0.2			—			—
Other long-term assets		(0.1	)		—		—			(0.2	)		0.3			—
Total assets	$	27.4		$	—	$	(315.7	)	$	(257.6	)	$	545.9		$	—
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and subcontractors payable, including retentions	$	0.1		$	—	$	(0.1	)	$	—		$	—		$	—
Accrued salaries and employee benefits		(0.1	)		—		0.1			—			—			—
Billings in excess of costs and accrued earnings on contracts		—			—		(0.1	)		—			0.1			—
Intercompany accounts payable		27.4			—		(315.7	)		(261.7	)		550.0			—
Short-term intercompany notes payable		—			—		—			(577.6	)		577.6			—
Other current liabilities		0.1			—		(0.1	)		4.0			(4.0	)		—
Total current liabilities		27.5			—		(315.9	)		(835.3	)		1,123.7			—
Deferred tax liabilities		—			—		(0.1	)		0.1			—			—
Long-term intercompany notes payable		—			—		—			577.6			(577.6	)		—
Other long-term liabilities		(0.1	)		—		0.1			—			—			—
Total liabilities		27.4			—		(315.9	)		(257.6	)		546.1			—
URS stockholders' equity		—			—		0.2			—			(0.2	)		—
Total URS stockholders' equity		—			—		0.2			—			(0.2	)		—
Total stockholders' equity		—			—		0.2			—			(0.2	)		—
Total liabilities and stockholders' equity	$	27.4		$	—	$	(315.7	)	$	(257.6	)	$	545.9		$	—

34

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	As of December 28, 2012
(in millions)	Issuer Parent			Issuer Fox LP			Guarantors			Non- Guarantors			Eliminations			Consolidated
As Revised
ASSETS
Current assets:
Cash and cash equivalents	$	14.4		$	—		$	16.3		$	285.4		$	(1.6	)	$	314.5
Accounts receivable, including retentions		—			—			771.3			811.8			(28.3	)		1,554.8
Costs and accrued earnings in excess of billings on contracts		—			—			876.9			515.7			(8.3	)		1,384.3
Less receivable allowances		—			—			(29.1	)		(40.6	)		—			(69.7	)
Net accounts receivable		—			—			1,619.1			1,286.9			(36.6	)		2,869.4
Intercompany accounts receivable		1,793.2			22.4			3,933.1			1,269.0			(7,017.7	)		—
Deferred tax assets		6.8			—			60.3			0.5			—			67.6
Inventory		—			—			5.5			56.0			—			61.5
Other current assets		38.2			—			65.5			111.3			(10.8	)		204.2
Total current assets		1,852.6			22.4			5,699.8			3,009.1			(7,066.7	)		3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures		5,400.6			20.7			1,812.2			262.9			(7,218.1	)		278.3
Property and equipment at cost, net		26.9			—			159.7			500.9			—			687.5
Intangible assets, net		0.2			—			223.3			468.7			—			692.2
Goodwill		—			—			1,778.7			1,468.4			—			3,247.1
Other long-term assets		22.3			—			231.3			115.1			(4.5	)		364.2
Total assets	$	7,302.6		$	43.1		$	9,905.0		$	5,825.1		$	(14,289.3	)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	18.9		$	—		$	10.0		$	42.9		$	—		$	71.8
Accounts payable and subcontractors payable, including retentions		4.2			—			382.7			454.8			(38.2	)		803.5
Accrued salaries and employee benefits		41.0			—			362.7			155.1			—			558.8
Billings in excess of costs and accrued earnings on contracts		—			—			146.3			143.0			(0.2	)		289.1
Intercompany accounts payable		3,165.7			14.7			2,793.4			1,043.9			(7,017.7	)		—
Short-term intercompany notes payable		14.3			—			20.0			21.6			(55.9	)		—
Other current liabilities		59.5			8.6			146.2			78.0			(14.5	)		277.8
Total current liabilities		3,303.6			23.3			3,861.3			1,939.3			(7,126.5	)		2,001.0
Long-term debt		952.2			699.6			16.9			323.8			—			1,992.5
Deferred tax liabilities		—			—			247.5			85.6			(4.8	)		328.3
Self-insurance reserves		—			—			18.3			111.5			—			129.8
Pension and post-retirement benefit obligations		—			—			185.4			115.5			—			300.9
Long-term intercompany notes payable		—			—			561.7			1,265.4			(1,827.1	)		—
Other long-term liabilities		2.8			—			197.1			71.1			—			271.0
Total liabilities		4,258.6			722.9			5,088.2			3,912.2			(8,958.4	)		5,023.5
URS stockholders' equity		3,621.1			8.0			5,400.6			1,805.3			(7,213.9	)		3,621.1
Intercompany notes receivable		(577.1	)		(687.8	)		(583.8	)		(34.3	)		1,883.0			—
Total URS stockholders' equity		3,044.0			(679.8	)		4,816.8			1,771.0			(5,330.9	)		3,621.1
Noncontrolling interests		—			—			—			141.9			—			141.9
Total stockholders' equity		3,044.0			(679.8	)		4,816.8			1,912.9			(5,330.9	)		3,763.0
Total liabilities and stockholders' equity	$	7,302.6		$	43.1		$	9,905.0		$	5,825.1		$	(14,289.3	)	$	8,786.5

35

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	For the Year Ended December 28, 2012
(in millions)	Issuer Parent			Issuer Fox LP		Guarantors			Non- Guarantors			Eliminations			Consolidated
Condensed Consolidating Statements of Cash Flows Data:
As Reported
Net cash from investing activities	$	900.8		$	—	$	743.4		$	(851.7	)	$	(2,239.1	)	$	(1,446.6	)
Net cash from financing activities	$	(1,114.4	)	$	—	$	(790.1	)	$	559.3		$	2,237.5		$	892.3
Adjustments
Net cash from investing activities	$	30.1		$	—	$	75.5		$	39.2		$	(144.8	)	$	—
Net cash from financing activities	$	(30.1	)	$	—	$	(75.5	)	$	(39.2	)	$	144.8		$	—
As Revised
Net cash from investing activities	$	930.9		$	—	$	818.9		$	(812.5	)	$	(2,383.9	)	$	(1,446.6	)
Net cash from financing activities	$	(1,144.5	)	$	—	$	(865.6	)	$	520.1		$	2,382.3		$	892.3

36

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

The following is our condensed consolidating financial information, segregating the issuers, guarantor subsidiaries and non-guarantor subsidiaries, as of March 29, 2013 and December 28, 2012, and for the three months ended March 29, 2013 and March 30, 2012.

	CONDENSED CONSOLIDATING BALANCE SHEETS – UNAUDITED
	As of March 29, 2013
(in millions)	Issuer Parent			Issuer Fox LP			Guarantors			Non- Guarantors			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	49.0		$	—		$	13.0		$	226.9		$	(40.1	)	$	248.8
Accounts receivable, including retentions		—			—			828.7			724.2			(30.7	)		1,522.2
Costs and accrued earnings in excess of billings on contracts		—			—			765.3			565.2			(3.8	)		1,326.7
Less receivable allowances		—			—			(30.0	)		(37.8	)		—			(67.8	)
Net accounts receivable		—			—			1,564.0			1,251.6			(34.5	)		2,781.1
Intercompany accounts receivable		1,757.1			25.1			3,944.1			1,289.4			(7,015.7	)		—
Deferred tax assets		7.8			—			64.8			1.0			—			73.6
Inventory		—			—			4.8			55.3			—			60.1
Other current assets		35.0			—			78.6			94.0			(20.7	)		186.9
Total current assets		1,848.9			25.1			5,669.3			2,918.2			(7,111.0	)		3,350.5
Investments in and advances to subsidiaries and unconsolidated joint ventures		5,435.5			28.4			1,746.0			256.3			(7,194.0	)		272.2
Property and equipment at cost, net		29.7			—			159.0			491.8			—			680.5
Intangible assets, net		0.2			—			214.5			440.8			—			655.5
Goodwill		—			—			1,778.7			1,451.2			—			3,229.9
Other long-term assets		21.5			—			337.0			81.6			(4.7	)		435.4
Total assets	$	7,335.8		$	53.5		$	9,904.5		$	5,639.9		$	(14,309.7	)	$	8,624.0
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	32.6		$	—		$	9.9		$	40.5		$	—		$	83.0
Accounts payable and subcontractors payable, including retentions		4.3			—			344.9			371.3			(39.8	)		680.7
Accrued salaries and employee benefits		33.3			—			338.2			163.7			—			535.2
Billings in excess of costs and accrued earnings on contracts		—			—			147.0			117.4			(0.2	)		264.2
Intercompany accounts payable		3,107.7			6.7			2,804.5			1,096.8			(7,015.7	)		—
Short-term intercompany notes payable		14.3			—			20.2			21.6			(56.1	)		—
Other current liabilities		101.8			16.8			128.0			78.5			(65.6	)		259.5
Total current liabilities		3,294.0			23.5			3,792.7			1,889.8			(7,177.4	)		1,822.6
Long-term debt		1,001.7			699.6			16.8			284.3			—			2,002.4
Deferred tax liabilities		—			—			251.3			82.9			(4.7	)		329.5
Self-insurance reserves		—			—			17.6			115.5			—			133.1
Pension and post-retirement benefit obligations		—			—			181.1			107.4			—			288.5
Long-term intercompany notes payable		—			—			564.3			1,267.3			(1,831.6	)		—
Other long-term liabilities		3.1			—			238.0			50.0			—			291.1
Total liabilities		4,298.8			723.1			5,061.8			3,797.2			(9,013.7	)		4,867.2
URS stockholders' equity		3,616.6			11.2			5,435.5			1,737.2			(7,183.9	)		3,616.6
Intercompany notes receivable		(579.6	)		(680.8	)		(592.8	)		(34.5	)		1,887.7			—
Total URS stockholders' equity		3,037.0			(669.6	)		4,842.7			1,702.7			(5,296.2	)		3,616.6
Noncontrolling interests		—			—			—			140.0			0.2			140.2
Total stockholders' equity		3,037.0			(669.6	)		4,842.7			1,842.7			(5,296.0	)		3,756.8
Total liabilities and stockholders' equity	$	7,335.8		$	53.5		$	9,904.5		$	5,639.9		$	(14,309.7	)	$	8,624.0

37

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	CONDENSED CONSOLIDATING BALANCE SHEETS
	As of December 28, 2012 (As Revised)
(in millions)	Issuer Parent			Issuer Fox LP			Guarantors			Non- Guarantors			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	14.4		$	—		$	16.3		$	285.4		$	(1.6	)	$	314.5
Accounts receivable, including retentions		—			—			771.3			811.8			(28.3	)		1,554.8
Costs and accrued earnings in excess of billings on contracts		—			—			876.9			515.7			(8.3	)		1,384.3
Less receivable allowances		—			—			(29.1	)		(40.6	)		—			(69.7	)
Net accounts receivable		—			—			1,619.1			1,286.9			(36.6	)		2,869.4
Intercompany accounts receivable		1,793.2			22.4			3,933.1			1,269.0			(7,017.7	)		—
Deferred tax assets		6.8			—			60.3			0.5			—			67.6
Inventory		—			—			5.5			56.0			—			61.5
Other current assets		38.2			—			65.5			111.3			(10.8	)		204.2
Total current assets		1,852.6			22.4			5,699.8			3,009.1			(7,066.7	)		3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures		5,400.6			20.7			1,812.2			262.9			(7,218.1	)		278.3
Property and equipment at cost, net		26.9			—			159.7			500.9			—			687.5
Intangible assets, net		0.2			—			223.3			468.7			—			692.2
Goodwill		—			—			1,778.7			1,468.4			—			3,247.1
Other long-term assets		22.3			—			231.3			115.1			(4.5	)		364.2
Total assets	$	7,302.6		$	43.1		$	9,905.0		$	5,825.1		$	(14,289.3	)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	$	18.9		$	—		$	10.0		$	42.9		$	—		$	71.8
Accounts payable and subcontractors payable, including retentions		4.2			—			382.7			454.8			(38.2	)		803.5
Accrued salaries and employee benefits		41.0			—			362.7			155.1			—			558.8
Billings in excess of costs and accrued earnings on contracts		—			—			146.3			143.0			(0.2	)		289.1
Intercompany accounts payable		3,165.7			14.7			2,793.4			1,043.9			(7,017.7	)		—
Short-term intercompany notes payable		14.3			—			20.0			21.6			(55.9	)		—
Other current liabilities		59.5			8.6			146.2			78.0			(14.5	)		277.8
Total current liabilities		3,303.6			23.3			3,861.3			1,939.3			(7,126.5	)		2,001.0
Long-term debt		952.2			699.6			16.9			323.8			—			1,992.5
Deferred tax liabilities		—			—			247.5			85.6			(4.8	)		328.3
Self-insurance reserves		—			—			18.3			111.5			—			129.8
Pension and post-retirement benefit obligations		—			—			185.4			115.5			—			300.9
Long-term intercompany notes payable		—			—			561.7			1,265.4			(1,827.1	)		—
Other long-term liabilities		2.8			—			197.1			71.1			—			271.0
Total liabilities		4,258.6			722.9			5,088.2			3,912.2			(8,958.4	)		5,023.5
URS stockholders' equity		3,621.1			8.0			5,400.6			1,805.3			(7,213.9	)		3,621.1
Intercompany notes receivable		(577.1	)		(687.8	)		(583.8	)		(34.3	)		1,883.0			—
Total URS stockholders' equity		3,044.0			(679.8	)		4,816.8			1,771.0			(5,330.9	)		3,621.1
Noncontrolling interests		—			—			—			141.9			—			141.9
Total stockholders' equity		3,044.0			(679.8	)		4,816.8			1,912.9			(5,330.9	)		3,763.0
Total liabilities and stockholders' equity	$	7,302.6		$	43.1		$	9,905.0		$	5,825.1		$	(14,289.3	)	$	8,786.5

38

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS – UNAUDITED
	For the Three Months Ended March 29, 2013
(in millions)	Issuer Parent			Issuer Fox LP			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues	$	—		$	—		$	1,671.4		$	1,211.5		$	(80.4	)	$	2,802.5
Cost of revenues		—			—			(1,549.2	)		(1,182.5	)		80.4			(2,651.3	)
General and administrative expenses		(22.2	)		—			—			(0.5	)		—			(22.7	)
Equity in income (loss) in subsidiaries		65.9			7.7			6.3			3.2			(83.1	)		—
Equity in income of unconsolidated joint ventures		—			—			3.1			21.0			—			24.1
Operating income (loss)		43.7			7.7			131.6			52.7			(83.1	)		152.6
Interest expense		31.8			(7.2	)		(26.9	)		(18.8	)		—			(21.1	)
Other income (expenses)		—			—			—			(2.5	)		—			(2.5	)
Income (loss) before income taxes		75.5			0.5			104.7			31.4			(83.1	)		129.0
Income tax benefit (expense)		(3.6	)		2.7			(38.8	)		(2.5	)		—			(42.2	)
Net income (loss) including noncontrolling interests		71.9			3.2			65.9			28.9			(83.1	)		86.8
Noncontrolling interests in income of consolidated subsidiaries		—			—			—			(14.9	)		—			(14.9	)
Net income (loss) attributable to URS	$	71.9		$	3.2		$	65.9		$	14.0		$	(83.1	)	$	71.9
Comprehensive income (loss) attributable to URS	$	39.5		$	3.2		$	36.3		$	(23.4	)	$	(16.1	)	$	39.5

	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS – UNAUDITED
	For the Three Months Ended March 30, 2012
(in millions)	Issuer Parent			Issuer Fox LP		Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues	$	—		$	—	$	1,714.3		$	755.6		$	(108.4	)	$	2,361.5
Cost of revenues		—			—		(1,593.0	)		(718.6	)		108.4			(2,203.2	)
General and administrative expenses		(20.4	)		—		—			0.4			—			(20.0	)
Acquisition-related expenses		(5.6	)		—		—			—			—			(5.6	)
Equity in income (loss) in subsidiaries		76.9			—		30.2			—			(107.1	)		—
Equity in income of unconsolidated joint ventures		—			—		2.1			26.6			—			28.7
Operating income (loss)		50.9			—		153.6			64.0			(107.1	)		161.4
Interest expense		28.6			—		(35.1	)		(3.3	)		—			(9.8	)
Other income (expenses)		2.5			—		—			—			—			2.5
Income (loss) before income taxes		82.0			—		118.5			60.7			(107.1	)		154.1
Income tax benefit (expense)		(2.3	)		—		(41.6	)		(4.7	)		—			(48.6	)
Net income (loss) including noncontrolling interests		79.7			—		76.9			56.0			(107.1	)		105.5
Noncontrolling interests in income of consolidated subsidiaries		—			—		—			(25.8	)		—			(25.8	)
Net income (loss) attributable to URS	$	79.7		$	—	$	76.9		$	30.2		$	(107.1	)	$	79.7
Comprehensive income (loss) attributable to URS	$	101.2		$	—	$	100.6		$	55.3		$	(155.9	)	$	101.2

39

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS – UNAUDITED
	For the Three Months Ended March 29, 2013
(in millions)	Issuer Parent			Issuer Fox LP		Guarantors			Non- Guarantors			Eliminations			Consolidated
Net cash from operating activities	$	20.9		$	—	$	42.5		$	(12.4	)	$	(1.3	)	$	49.7
Cash flows from investing activities:
Proceeds from disposal of property and equipment		—			—		—			3.4			—			3.4
Investments in unconsolidated joint ventures		—			—		(0.1	)		—			—			(0.1	)
Changes in restricted cash		—			—		—			1.9			—			1.9
Capital expenditures, less equipment purchased through capital leases and equipment notes		(1.6	)		—		(7.3	)		(16.1	)		—			(25.0	)
Net intercompany investing activities		85.0			—		(3.1	)		(29.3	)		(52.6	)		—
Net cash from investing activities		83.4			—		(10.5	)		(40.1	)		(52.6	)		(19.8	)
Cash flows from financing activities:
Payments on long-term debt		—			—		(1.2	)		—			—			(1.2	)
Borrowings from revolving line of credit		255.0			—		—			—			—			255.0
Payments on revolving line of credit		(195.0	)		—		—			(39.5	)		—			(234.5	)
Net payments under foreign lines of credit and short-term notes		(0.2	)		—		(0.1	)		(2.0	)		—			(2.3	)
Net change in overdrafts		—			—		3.3			2.7			(37.4	)		(31.4	)
Payments on capital lease obligations		(0.2	)		—		(1.2	)		(3.1	)		—			(4.5	)
Proceeds from employee stock purchases and exercises of stock options		6.3			—		—			—			—			6.3
Distributions to noncontrolling interests		—			—		—			(15.7	)		—			(15.7	)
Contributions and advances from noncontrolling interests		—			—		—			0.6			0.2			0.8
Dividends paid		(14.9	)		—		—			—			—			(14.9	)
Repurchases of common stock		(45.1	)		—		—			—			—			(45.1	)
Net intercompany financing activities		(75.6	)		—		(36.1	)		59.1			52.6			—
Net cash from financing activities		(69.7	)		—		(35.3	)		2.1			15.4			(87.5	)
Net change in cash and cash equivalents		34.6			—		(3.3	)		(50.4	)		(38.5	)		(57.6	)
Effect of foreign exchange rate changes on cash and cash equivalents		—			—		—			(8.1	)		—			(8.1	)
Cash and cash equivalents at beginning of period		14.4			—		16.3			285.4			(1.6	)		314.5
Cash and cash equivalents at end of period	$	49.0		$	—	$	13.0		$	226.9		$	(40.1	)	$	248.8

40

URS CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

(Continued)

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS – UNAUDITED
	For the Three Months Ended March 30, 2012
(in millions)	Issuer Parent			Issuer Fox LP		Guarantors			Non- Guarantors			Eliminations			Consolidated
Net cash from operating activities	$	13.8		$	—	$	(95.6	)	$	44.9		$	16.2		$	(20.7	)
Cash flows from investing activities:
Proceeds from disposal of property and equipment		—			—		0.4			9.1			—			9.5
Investments in unconsolidated joint ventures		—			—		(4.0	)		—			—			(4.0	)
Changes in restricted cash		—			—		—			1.7			—			1.7
Capital expenditures, less equipment purchased through capital leases and equipment notes		(3.2	)		—		(10.2	)		(4.4	)		—			(17.8	)
Net intercompany investing activities		401.8			—		162.6			37.6			(602.0	)		—
Net cash from investing activities		398.6			—		148.8			44.0			(602.0	)		(10.6	)
Cash flows from financing activities:
Borrowings from long-term debt		998.9			—		—			—			—			998.9
Payments on long-term debt		—			—		(1.6	)		—			—			(1.6	)
Borrowings from revolving line of credit		50.0			—		—			—			—			50.0
Payments on revolving line of credit		(73.6	)		—		—			—			—			(73.6	)
Net payments under foreign lines of credit and short-term notes		(0.2	)		—		—			(8.7	)		—			(8.9	)
Net change in overdrafts		—			—		(0.6	)		1.2			—			0.6
Payments on capital lease obligations		(0.2	)		—		(1.3	)		(1.1	)		—			(2.6	)
Payments of debt issuance costs		(8.7	)		—		—			—			—			(8.7	)
Excess tax benefits from stock-based compensation		0.4			—		—			—			—			0.4
Proceeds from employee stock purchases and exercises of stock options		1.0			—		—			—			—			1.0
Distributions to noncontrolling interests		—			—		—			(15.5	)		—			(15.5	)
Contributions and advances from noncontrolling interests		—			—		0.2			0.3			—			0.5
Repurchases of common stock		(40.0	)		—		—			—			—			(40.0	)
Net intercompany financing activities		(447.2	)		—		(58.0	)		(96.8	)		602.0			—
Net cash from financing activities		480.4			—		(61.3	)		(120.6	)		602.0			900.5
Net change in cash and cash equivalents		892.8			—		(8.1	)		(31.7	)		16.2			869.2
Effect of foreign exchange rate changes on cash and cash equivalents		—			—		—			4.3			—			4.3
Cash and cash equivalents at beginning of period		193.8			—		24.4			294.5			(76.7	)		436.0
Cash and cash equivalents at end of period	$	1,086.6		$	—	$	16.3		$	267.1		$	(60.5	)	$	1,309.5

41

ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion contains, in addition to historical information, forward-looking statements that involve risks and uncertainties.  Our actual results and the timing of events could differ materially from those expressed or implied in this report.  See “URS Corporation and Subsidiaries” regarding forward-looking statements on page 1.  You should read this discussion in conjunction with:  Part II – Item 1A, “Risk Factors,” beginning on page H65; the condensed consolidated financial statements and notes thereto contained in Part I – Item 1, “Financial Statements;” and the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012, which was previously filed with the Securities and Exchange Commission (“SEC”).

BUSINESS SUMMARY

We are a leading international provider of engineering, construction and technical services.  We offer a broad range of program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to public agencies and private sector clients around the world.  We also are a United States (“U.S.”) federal government contractor in the areas of systems engineering and technical assistance, operations and maintenance, and information technology services.  With more than 50,000 employees in a global network of offices in nearly 50 countries, we provide services for federal, infrastructure, oil and gas, power and industrial programs and projects.  On May 14, 2012, we completed the acquisition of Flint Energy Services Ltd. (“Flint”), a provider of construction and maintenance services to clients in the oil and gas industry, which now operates as our Oil & Gas Division.  The acquisition expanded our presence in the oil and gas market sector, most notably in the North American unconventional oil and gas segments of this market.

Our strategy is to maintain a balanced portfolio of diversified businesses that serve a variety of markets worldwide.  We believe that this strategy helps to mitigate our exposure to industrial, technological, environmental, financial, economic and political risks that may affect a particular market or geographic region.  Our long-term growth strategy involves both organic growth as well as expansion through acquisitions of other companies that complement or enhance our technical capabilities or enable us to serve new markets or geographic regions.

Reporting Segments

With the acquisition of Flint, we now operate through four reporting segments:  the Infrastructure & Environment Division, the Federal Services Division, the Energy & Construction Division, and the Oil & Gas Division.  These segments were generally created based on the size and management structure of the businesses and the integration of acquired operating companies that address similar markets or provide similar services.  We report our financial results on both a consolidated basis and for our four reporting segments.

Market Sectors

The table below summarizes the primary market sectors served by our four divisions for the three months ended March 29, 2013.

Market Sector	Division
	Infrastructure & Environment	Federal Services	Energy & Construction	Oil & Gas
Federal	ü	ü	ü	—
Infrastructure	ü	—	ü	—
Oil & Gas	ü	—	ü	ü
Power	ü	—	ü	—
Industrial	ü	—	ü	—

ü   a primary market sector for the division.

— not a primary market sector for the division.

42

We generate revenues by providing fee-based professional and technical services and by executing construction contracts.  As a result, our professional and technical services are primarily labor intensive and our construction projects are labor and capital intensive.  To derive income from our revenues, we must effectively manage our costs.

Our revenues are dependent upon our ability to attract and retain qualified and productive employees, identify business opportunities, allocate our labor resources to profitable markets, secure new contracts, execute existing contracts, and maintain existing and develop new client relationships.  Moreover, as a professional services company, the quality of the work generated by our employees is integral to our revenue generation.

Our cost of revenues is comprised of the compensation we pay to our employees, including fringe benefits; the cost of subcontractors, construction materials and other project-related expenses; and segment administrative, marketing, sales, bid and proposal, rental and other overhead costs.

OVERVIEW AND BUSINESS TRENDS

Results for the Three Months Ended March 29, 2013

Consolidated revenuesfor the three months ended March 29, 2013 were $2.8 billion, an increase of $441.0 million, or 18.7%, compared to revenues for the three months ended March 30, 2012.  The increase reflects the growth of our work in the oil and gas market sector primarily through our acquisition on May 14, 2012 of Flint, which contributed $572.7 million in oil and gas market sector revenues for the first quarter of 2013.  By contrast, revenues from our federal, industrial and power market sectors declined, while revenues from our infrastructure market sector were essentially flat compared to the same period in fiscal 2012.

Net income attributable to URS was $71.9 million for the three months ended March 29, 2013 compared with net income of $79.7 million for the three months ended March 30, 2012, a decrease of 9.8%.  Net income for the three months ended March 29, 2013 included earnings from Flint, which we acquired in May 2012.  The decrease in net income in the first quarter of 2013 was primarily due to a decrease in equity in income of unconsolidated joint ventures, decline in earnings from the substantial completion of one large power project and the slowdown of another large power project, decrease in earnings from a Department of Energy (“DOE”) nuclear cleanup project, an increase in interest and amortization expense related to the Flint acquisition, and lower operating income margins. These decreases were partially offset by the recognition of performance-based incentive fees from our work managing chemical demilitarization programs, as well as by acquisition-related expenses incurred in the comparable period during the prior year.

Cash Flows

For the three months ended March 29, 2013, we generated $49.7 million in net cash from operations.  Cash flows from operations increased by $70.4 million for the three months ended March 29, 2013 compared with the same period in 2012.  This increase was primarily due to the timing of billings, collections and advance payments from clients on accounts receivables, offset by the timing of accounts payable, accrued salaries and employee benefits and other current liabilities, timing of payments on project-related expenses, and project incentive awards that were recognized but are not currently billable.

In addition, we had cash outflows of $45.1 million related to repurchases of our common stock and $14.9 million of cash dividends for the three months ended March 29, 2013.

Book of Business

As of March 29, 2013 and December 28, 2012, our total book of business was $24.2 billion and $24.9 billion, respectively.  Please see Book of Business on page 44 for more information.

43

Business Trends

It is difficult to predict the impact of the continuing global economic weakness on our business or to forecast business trends accurately.  We believe that our expectations regarding business trends are reasonable and are based on reasonable assumptions.  However, such forward-looking statements, by their nature, involve risks and uncertainties and, in the current economic climate, may be subject to an unusual degree of uncertainty.  You should read this discussion of business trends in conjunction with Part II, Item 1A, “Risk Factors,” of this report, which begins on page 67.  Government budget deficits and debt burdens, federal sequestration, slow economic growth, and efforts made to address any of these issues could negatively affect our business.  In particular, federal expenditures have been and are expected to continue to be adversely affected due to sequestration and other federal budget issues, such as the Budget Control Act of 2011 that imposed automatic federal budget cuts beginning in fiscal year 2013.  These are in addition to the budget cuts required over the next 10 years, and could severely impact our defense and other federal services.  Any significant reduction in federal government spending could reduce the demand for our overall services, and result in the cancellation or delay of existing projects, as well as potential projects in our book of business.

Federal Market Sector

Due to federal budget cuts and continuing uncertainty, we expect to continue experiencing delays in procurement decisions and limitations or reductions in spending on some existing contracts.  If Congress fails to pass a budget that reverses or reallocates the cuts resulting from sequestration during the current year, the Budget Control Act of 2011 will continue to impose automatic federal budget cuts.  This has resulted in reduced funding for some of our work, such as operations and maintenance services, with the Department of Defense (“DOD”), the DOE and other federal agencies.  Despite these budget challenges, we anticipate stable funding for some of the specialized technical services we provide to federal government agencies in support of programs that are vital to national security or mandated by law.  This includes the management of chemical demilitarization sites, and support of unmanned aerial vehicle, electronic warfare, threat reduction and cyber-security programs.

Infrastructure Market Sector

We anticipate that the passage in 2012 of the two-year, $105 billion federal transportation funding bill, Moving Ahead for Progress in the 21st Century (“MAP-21”), will provide states and municipalities with stable funding for highway and transit projects.  The legislation also includes $750 million in credit assistance under the Transportation Infrastructure Finance and Innovation Act (“TIFIA”).  Major components of both MAP-21 and TIFIA are not subject to funding cuts through sequestration.  In addition, many states have instituted alternative funding mechanisms, such as dedicated tax measures, bond sales and users fees, to finance infrastructure improvement programs.

Oil & Gas Market Sector

During the second quarter of the 2012 fiscal year, we acquired Flint, a provider of construction and maintenance services to clients in the North American oil and gas industry.  The acquisition significantly expanded our presence in the oil and gas market sector, which we anticipate will create new opportunities for our business in 2013.  As a result of the acquisition, we expect that any increase in capital spending to develop North American oil and gas resources could lead to increased demand for the engineering, construction, and operations and maintenance services we provide to clients in this sector.

Power Market Sector

In the 2013 fiscal year, we expect to benefit from new investments being made in transmission and distribution systems to improve the efficiency and reliability of these systems and accommodate the transmission of electricity from alternative and renewable energy sources.  In addition, following events at the Fukushima nuclear power plant in Japan, the Nuclear Regulatory Commission issued new safety requirements to strengthen containment structures and to improve on-site flood control and seismic safety plans, which could result in increased demand for the engineering, procurement and construction services we provide.  While the need to maintain and upgrade existing power plants is expected to provide opportunities, we anticipate that the continued low demand for power and lower plant utilization rates will limit spending for new generation projects for both fossil and nuclear plants.

44

Industrial Market Sector

We are encouraged about signs of recovery in our industrial market sector.  If our clients experience an increase in demand for durable goods, we should see increased demand for the engineering, procurement, construction and facilities management services we provide.  In addition, we expect to continue to benefit from steady demand for the environmental and engineering services we provide to industrial clients under long-term master service agreements (“MSAs”).  These services typically support our clients’ ongoing operations and help them comply with regulatory mandates.  We also anticipate growth in our mining business in the U.S. and Australia, as a result of contract awards in 2012 and 2013.

Seasonality

We experience seasonal trends in our business in connection with federal holidays, such as Memorial Day, Independence Day, Labor Day, Thanksgiving, Christmas and New Year’s Day.  Our revenues typically are lower during these times of the year because many of our clients’ employees, as well as our own employees, do not work during these holidays, resulting in fewer billable hours charged to projects and thus, lower revenues recognized.  In addition to holidays, our business also is affected by seasonal bad weather conditions, such as hurricanes, floods, snowstorms or other inclement weather, which may cause some of our offices and projects to close or reduce activities temporarily.  For example, in the first quarter of the year, winter weather sometimes results in intermittent office closures and work interruptions.  In our Oil & Gas Division, winter weather enables increased access to remote work areas in Northern Canada, while spring road bans limit access to work in areas of Canada and the Northern U.S.

Other Business Trends

The diversification of our business and changes in the mix and timing of our fixed-cost, target-price and other contracts can cause earnings and profit margins to vary between periods.  For example, we have, for some time, experienced an increase in the number of fixed-price contracts we are awarded, particularly among clients in the federal sector.  The increase in fixed-price contracting creates additional risks of incurring losses and opportunities for achieving higher margins on these contracts.  There is also an increase in the award of federal contracts based on a low-price, technically acceptable criteria emphasizing price over qualitative factors, such as past performance.  As a result, pricing pressure may reduce our profit margins on future federal contracts.  Also, our government clients are increasingly using indefinite delivery contracts (“IDCs”) that require us to engage in a competitive procurement process before any task orders are issued as compared to traditional award contracts.  Additionally, the traditional award contracts we receive are tending to include fewer base years and more option years.  These trends change the relationship between backlog and revenues, resulting in smaller, shorter term increments moving from IDCs and option years into backlog and then potentially realized as revenues.  Ultimately, however, revenues from IDC task orders and option years will typically lower our reported backlog and increase our reported IDC and option years in our book of business.  In addition, earnings recognition on many contracts is measured based on progress achieved as a percentage of the total project effort or upon the completion of milestones or performance criteria rather than evenly or linearly over the period of performance.

The achievement of early completion milestones on several chemical weapons stockpile processing projects indicates that those projects are approaching the end of their contract life cycle.  We expect to continue to generate revenues and operating income at these sites and other sites over the next several years, but in declining amounts as the projects approach final completion.

We cannot determine if proposed climate change and greenhouse gas regulations would have a material impact on our business or our clients’ businesses at this time; however, any new regulations could affect demand for the services we provide to our clients.  For example, depending on legislation enacted, we could see reduced client demand for our services related to fossil fuel and industrial projects, and increased demand for services related to environmental, infrastructure and nuclear and alternative energy.

45

BOOK OF BUSINESS

For the purpose of calculating our book of business, we determine the amounts of all contract awards that may potentially be recognized as revenues.  We also include an estimate of the equity in income of unconsolidated joint ventures over the life of the contracts in our book of business.  We categorize the amount of our book of business into backlog, option years and IDCs, based on the nature of the award and its current status.

Backlog.  Our contract backlog represents the monetary value of signed contracts, including task orders that have been issued and funded under IDCs and, where applicable, a notice to proceed has been received from the client that is expected to be recognized as revenues or equity in income of unconsolidated joint ventures as services are performed.

The performance periods of our contracts vary widely from a few months to many years.  In addition, contract durations often differ significantly among our divisions.  As a result, the amount of revenues that will be realized beyond one year also varies from division to division.

Option Years.  Our option years represent the monetary value of option periods under existing contracts in backlog, which are exercisable at the option of our clients without requiring us to go through an additional competitive bidding process and would be canceled only if a client decided to end the project (a termination for convenience) or through a termination for default.  Option years are in addition to the “base periods” of these contracts.  Base periods for these contracts can vary from one to five years.

Indefinite Delivery Contracts.  IDCs represent the expected monetary value to us of signed contracts under which we perform work only when the client awards specific task orders or projects to us.  When agreements for such task orders or projects are signed and funded, we transfer their value into backlog.  Generally, the terms of these contracts exceed one year and often include a maximum term and potential value.  IDCs generally range from one to twenty years in length.

While the value of our book of business is a predictor of future revenues and equity in income of unconsolidated joint ventures, we have no assurance, nor can we provide assurance, that we will ultimately realize the maximum potential values for backlog, option years or IDCs.  Based on our historical experience, our backlog has the highest likelihood of converting into revenues or equity in income of unconsolidated joint ventures because it is based upon signed and executable contracts with our clients.  Option years are not as certain as backlog because our clients may decide not to exercise one or more option years.  Because we do not perform work under IDCs until specific task orders are issued by our clients, the value of our IDCs is not as likely to convert into revenues or equity in income of unconsolidated joint ventures as other categories of our book of business.

46

As of March 29, 2013 and December 28, 2012, our total book of business was $24.2 billion and $24.9 billion, respectively.  The following tables summarize, by division and market sector, our book of business as of those dates:

(In millions)	Infrastructure & Environment		Federal Services		Energy & Construction		Oil & Gas		Total
As of March 29, 2013
Backlog	$	3,173.0	$	3,067.5	$	5,878.0	$	679.4	$	12,797.9
Option years		178.7		2,665.8		2,019.1		—		4,863.6
Indefinite delivery contracts		2,375.9		3,232.3		236.0		655.5		6,499.7
Total book of business	$	5,727.6	$	8,965.6	$	8,133.1	$	1,334.9	$	24,161.2
As of December 28, 2012
Backlog	$	3,028.4	$	3,476.9	$	5,947.1	$	823.8	$	13,276.2
Option years		197.3		2,728.1		2,056.8		—		4,982.2
Indefinite delivery contracts		2,572.4		3,238.7		236.0		611.7		6,658.8
Total book of business	$	5,798.1	$	9,443.7	$	8,239.9	$	1,435.5	$	24,917.2

	March 29,		December 28,
(In millions)	2013		2012
Backlog by market sector:
Federal	$	5,966.5	$	6,546.5
Infrastructure		2,983.9		2,957.6
Oil & Gas		1,453.6		1,461.3
Power		1,417.4		1,416.1
Industrial		976.5		894.7
Total backlog	$	12,797.9	$	13,276.2

INTERIM GOODWILL REVIEW

We perform our annual goodwill impairment review as of the end of the first month following our September reporting period and also perform interim impairment reviews when triggering events occur.  During the first quarter of 2013, a government sequestration order was signed canceling budgetary resources across the federal government for fiscal year 2013.  The budget cuts spread across many key government programs and agencies, several of which were related to markets we serve.  This event prompted us to perform an interim goodwill impairment test as of March 29, 2013.  Management determined that three of our seven reporting units could potentially be impacted by the federal sequester.  We performed an analysis to determine whether the fair value of each reporting unit was less than its carrying amount.  Analytical procedures were also performed to include an analysis of the impact on stock market prices of URS and comparable companies, review of stock analyst reports, and management guidance and commentary from comparable companies.  Based on this analysis, it was determined that there was no impairment due to the sequestration event.

47

REVENUES BY MARKET SECTOR

The Three Months Ended March 29, 2013 Compared with the Three Months Ended March 30, 2012

	Three Months Ended
											Percentage
	March 29,			March 30,			Increase				Increase
(In millions, except percentages)	2013			2012			(Decrease)				(Decrease)
Revenues by Market Sector:
Federal		$	1,068.4		$	1,173.3		$	(104.9	)		(8.9	%)
Infrastructure			436.2			438.0			(1.8	)		(0.4	%)
Oil & Gas (1)			803.1			163.2			639.9			392.1	%
Power			212.9			292.0			(79.1	)		(27.1	%)
Industrial			281.9			295.0			(13.1	)		(4.4	%)
Total revenues, net of eliminations		$	2,802.5		$	2,361.5		$	441.0			18.7	%

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

Consolidated Revenues by Market Sectors

Our consolidated revenues for the three months ended March 29, 2013 were $2.8 billion, an increase of $441.0 million, or 18.7%, compared with the three months ended March 30, 2012.   See the discussion of revenues by market sector below for more detail.

Federal

	Three Months Ended
											Percentage
	March 29,			March 30,			Increase				Increase
(In millions, except percentages)	2013			2012			(Decrease)				(Decrease)
Federal Market Sector:
Infrastructure & Environment		$	163.6		$	179.3		$	(15.7	)		(8.8	%)
Federal Services			677.9			717.0			(39.1	)		(5.5	%)
Energy & Construction			226.9			277.0			(50.1	)		(18.1	%)
Federal total		$	1,068.4		$	1,173.3		$	(104.9	)		(8.9	%)

Consolidated revenues from our federal market sector for the three months ended March 29, 2013 declined compared with the three months ended March 30, 2012.  During the quarter, revenues declined from the nuclear management services we provide to the DOE, as a result of overall federal funding decreases, including sequestration.  Demand also declined for the systems engineering and technical assistance services we provide to the DOD to develop new weapons systems and modernize aging weapons systems, as well as for our work maintaining and repairing military vehicles and other equipment.  The decrease in revenues from these activities was largely the result of delays in the award of new contracts and task orders under existing contracts.  In addition, revenues declined from the disaster response services we provide to the Federal Emergency Management Agency (“FEMA”), as our work supporting post-Hurricane Sandy recovery efforts had not fully commenced.  By contrast, revenues increased from our work managing the destruction of chemical weapons stockpiles at chemical agent disposal facilities in the U.S., as well as from contracts to assist in the elimination of weapons of mass destruction at sites worldwide.  We also benefited from sustained demand for the engineering and construction services we provide to build and upgrade military facilities and related infrastructure.

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Infrastructure

	Three Months Ended
											Percentage
	March 29,			March 30,			Increase				Increase
(In millions, except percentages)	2013			2012			(Decrease)				(Decrease)
Infrastructure Market Sector:
Infrastructure & Environment		$	383.0		$	384.3		$	(1.3	)		(0.3	%)
Energy & Construction			53.2			53.7			(0.5	)		(1.0	%)
Infrastructure total		$	436.2		$	438.0		$	(1.8	)		(0.4	%)

Consolidated revenues from our infrastructure market sector for the three months ended March 29, 2013 were essentially flat compared with the three months ended March 30, 2012.  During the quarter, revenues increased from planning, design, engineering, and program and construction management services for the development of surface transportation infrastructure.  We also benefited from sustained demand for the services we provide to expand and modernize rail transportation systems.  By contrast, we experienced lower revenues from projects involving water storage, conveyance and treatment systems, and education facilities due to the completion of assignments that have not been replaced by similar projects.  We also experienced lower activity on a large dam construction project as a result of adverse weather and river conditions, which caused project delays.

Oil & Gas

	Three Months Ended
										Percentage
	March 29,			March 30,			Increase			Increase
(In millions, except percentages)	2013			2012			(Decrease)			(Decrease)
Oil & Gas Market Sector:
Infrastructure & Environment		$	141.2		$	124.7		$	16.5		13.2	%
Energy & Construction			89.2			38.5			50.7		131.7	%
Oil & Gas (1)			572.7			—			572.7		N/M
Oil & Gas total		$	803.1		$	163.2		$	639.9		392.1	%

N/M = Not meaningful

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

Consolidated revenues from our oil & gas market sector for the three months ended March 29, 2013 increased significantly compared with the three months ended March 30, 2012.  Our results for the quarter reflect the acquisition of Flint on May 14, 2012.  At the completion of the acquisition, Flint became our new Oil & Gas Division.  For the three months ended March 29, 2013, the Oil & Gas Division generated revenues of $572.7 million from work providing construction and maintenance services to the North American oil and gas industry.  During the quarter, we also benefited from strong demand for the environmental and engineering services we provide to multinational oil and gas clients worldwide through long-term MSAs, as well as from increased activity on contracts to provide engineering, procurement and construction services at oil and gas facilities.

49

Power

	Three Months Ended
											Percentage
	March 29,			March 30,			Increase				Increase
(In millions, except percentages)	2013			2012			(Decrease)				(Decrease)
Power Market Sector:
Infrastructure & Environment		$	45.1		$	55.4		$	(10.3	)		(18.6	%)
Energy & Construction			167.8			236.6			(68.8	)		(29.1	%)
Power total		$	212.9		$	292.0		$	(79.1	)		(27.1	%)

Consolidated revenues from our power market sector for the three months ended March 29, 2013 decreased compared with the three months ended March 30, 2012.  During the quarter, revenues decreased from projects involving the retrofit of coal-fired power plants with air quality control systems as a result of project slowdowns, and the completion of several assignments, which accounted for most of the decrease in revenues from the comparable period in 2012.  By contrast, we benefited from steady demand for the services we provide to expand and modernize transmission and distribution systems to improve the efficiency and reliability of these systems and accommodate the development of renewable energy sources.

Industrial

	Three Months Ended
											Percentage
	March 29,			March 30,			Increase				Increase
(In millions, except percentages)	2013			2012			(Decrease)				(Decrease)
Industrial Market Sector:
Infrastructure & Environment		$	172.4		$	183.5		$	(11.1	)		(6.0	%)
Energy & Construction			109.5			111.5			(2.0	)		(1.8	%)
Industrial total		$	281.9		$	295.0		$	(13.1	)		(4.4	%)

Consolidated revenues from our industrial market sector for the three months ended March 29, 2013 declined compared with the three months ended March 30, 2012.  During the quarter, revenues declined from the facilities management services we provide to manufacturing clients, primarily due to the timing of assignments on several ongoing contracts.  These decreases were partially offset by new contracts to support mine expansion projects in the U.S. and Australia.  We also continued to benefit from sustained demand for the environmental and engineering services we provide to manufacturing and other industrial clients through long-term MSAs.

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CONSOLIDATED RESULTS BY DIVISION

The Three Months Ended March 29, 2013 Compared with the Three Months Ended March 30, 2012

	Three Months Ended
										Percentage
	March 29,			March 30,			Increase			Increase
(In millions, except percentages and per share amounts)	2013  (1)			2012			(Decrease)			(Decrease)
Revenues	$	2,802.5		$	2,361.5		$	441.0			18.7	%
Cost of revenues		(2,651.3	)		(2,203.2	)		448.1			20.3	%
General and administrative expenses		(22.7	)		(20.0	)		2.7			13.5	%
Acquisition-related expenses		—			(5.6	)		(5.6	)		(100.0	%)
Equity in income of unconsolidated joint ventures		24.1			28.7			(4.6	)		(16.0	%)
Operating income (loss)		152.6			161.4			(8.8	)		(5.5	%)
Interest expense		(21.1	)		(9.8	)		11.3			115.3	%
Other income (expenses)		(2.5	)		2.5			(5.0	)		(200.0	%)
Income (loss) before income taxes		129.0			154.1			(25.1	)		(16.3	%)
Income tax benefit (expense)		(42.2	)		(48.6	)		(6.4	)		(13.2	%)
Net income (loss) including noncontrolling interests		86.8			105.5			(18.7	)		(17.7	%)
Noncontrolling interests in income of consolidated subsidiaries		(14.9	)		(25.8	)		(10.9	)		(42.2	%)
Net income (loss) attributable to URS	$	71.9		$	79.7		$	(7.8	)		(9.8	%)
Diluted earnings per share	$	0.96		$	1.07		$	(0.11	)		(10.3	%)

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

Revenues

(In millions, except percentages)	Infrastructure & Environment			Federal Services			Energy & Construction			Oil & Gas (1)		Eliminations			Total
Three months ended
March 29, 2013	$	933.4		$	678.2		$	664.8		$	583.8	$	(57.7	)	$	2,802.5
March 30, 2012		964.2			717.1			725.7			—		(45.5	)		2,361.5
Increase (decrease)		(30.8	)		(38.9	)		(60.9	)		583.8		12.2			441.0
Percentage increase (decrease)		(3.2	%)		(5.4	%)		(8.4	%)		N/M		26.8	%		18.7	%

N/M = Not meaningful

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

The revenues reported are presented prior to the elimination of inter-segment transactions.  Our analysis of the changes in revenues by reporting segment is discussed below.

51

The Infrastructure & Environment Division’s Revenues

The Infrastructure & Environment Division’s revenues decreased during the quarter ended March 29, 2013 compared to the quarter ended March 30, 2012.  During the quarter, we recognized lower revenues from the disaster response services we provide to FEMA, as our work supporting post-Hurricane Sandy recovery efforts had not fully commenced.  Revenues also declined from the permitting and remediation services we provide to utilities, reflecting lower activity on a large power project that is nearing completion.  By contrast, revenues increased from the environmental and engineering services we provide to multinational oil and gas clients at facilities worldwide through long-term MSAs and from our work supporting pipeline projects in the U.S. and Australia.  We also experienced increased demand for the services we provide to expand and modernize surface transportation infrastructure.  In addition, we benefited from sustained demand for our work providing engineering and construction services to the DOD for the development of military facilities and related infrastructure, as well as for the environmental and engineering services we provide to manufacturing and other industrial clients.

The Federal Services Division’s Revenues

The Federal Services Division’s revenues decreased during the quarter ended March 29, 2013 compared to the quarter ended March 30, 2012.  The decrease was primarily due to a decline in revenues from the services we provide to the DOD to maintain, repair and overhaul aircraft, ground vehicles and other equipment.  The decrease in revenues from these activities was largely due to the delays in the award of new contracts and task orders under existing contracts resulting from federal budget uncertainties.  These decreases were partially offset by an increase in revenues from performance-based incentive fees recognized in the quarter compared to the same period last year from work managing chemical demilitarization programs.

The Energy & Construction Division’s Revenues

The Energy & Construction Division’s revenues decreased during the quarter ended March 29, 2013 compared to the quarter ended March 30, 2012.  The decrease was primarily due to the completion of one large power project and the slowdown of another large power project, the timing of maintenance outage work in our power sector, and federal funding decreases which impacted revenues for our work providing nuclear management services to the DOE.  These decreases were partially offset by the start-up of new oil & gas projects.

The Oil & Gas Division’s Revenues

The Oil & Gas Division’s revenues for the three months ended March 29, 2013 were $583.8 million.  These revenues were derived from the construction and maintenance services that we provide, including facility and pipeline construction, transportation, and asset management and maintenance services, for the North American oil and gas industry.  The revenues of Flint have been included in our consolidated results under our Oil & Gas Division since the acquisition on May 14, 2012.

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Cost of Revenues

(In millions, except percentages)	Infrastructure & Environment			Federal Services			Energy & Construction			Oil & Gas (1)			Eliminations			Total
Three months ended
March 29, 2013	$	(893.2	)	$	(580.5	)	$	(659.4	)	$	(575.9	)	$	57.7		$	(2,651.3	)
March 30, 2012		(919.1	)		(625.7	)		(703.9	)		—			45.5			(2,203.2	)
Increase (decrease)		(25.9	)		(45.2	)		(44.5	)		575.9			12.2			448.1
Percentage increase (decrease)		(2.8	%)		(7.2	%)		(6.3	%)		N/M			26.8	%		20.3	%

N/M = Not meaningful

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

Our consolidated cost of revenues, which consists of labor, subcontractor costs, and other expenses related to projects and services provided to our clients, for the three months ended March 29, 2013 increased compared with the three months ended March 30, 2012.  The increase reflects the inclusion of $575.9 million of cost of revenues resulting from the acquisition of Flint on May 14, 2012.  In addition, because our revenues are primarily project-based, the factors impacting the fluctuation of our revenues also drove a corresponding change in our cost of revenues.  Consolidated cost of revenues as a percent of revenues increased from 93.3% for the three months ended March 30, 2012 to 94.6% for the three months ended March 29, 2013.  See “Operating Income” for further discussion.

General and Administrative Expenses

Our consolidated general and administrative (“G&A”)expenses for the three months ended March 29, 2013 increased by 13.5% compared with the three months ended March 30, 2012.  The increase was primarily due to increases in employee salaries and related benefit expenses of $1.3 million, and increases in depreciation, external services, and repair and maintenance expenses of $1.6 million in aggregate.  Consolidated G&A expenses as a percent of revenues was 0.8% for both the three months ended March 29, 2013 and the three months ended March 30, 2012.

Acquisition-related Expenses

Our consolidated acquisition-related expenses for the three months ended March 30, 2012 were $5.6 million.  These expenses consisted of expenses related to our pending acquisition of Flint, which included legal fees, consultation fees, travel expenses, and other miscellaneous direct and incremental administrative expenses associated with the acquisition.  We did not incur any acquisition-related expenses for the three months ended March 29, 2013.

53

Equity in Income (Loss) of Unconsolidated Joint Ventures

(In millions, except percentages)	Infrastructure & Environment			Federal Services			Energy & Construction			Oil & Gas (1)			Total
Three months ended
March 29, 2013	$	1.1		$	1.4		$	21.7		$	(0.1	)	$	24.1
March 30, 2012		0.8			1.6			26.3			—			28.7
Increase (decrease)		0.3			(0.2	)		(4.6	)		(0.1	)		(4.6	)
Percentage increase (decrease)		37.5	%		(12.5	%)		(17.5	%)		N/M			(16.0	%)

N/M = Not meaningful

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

Our consolidated equity in income of unconsolidated joint ventures for the three months ended March 29, 2013 decreased compared with the three months ended March 30, 2012.  The decrease was primarily attributable to a $5.1 million decrease in earnings from nuclear management, operations and cleanup projects in the United Kingdom (“U.K.”) resulting from lower target cost savings at one of the projects, and the recognition of a $2.7 million favorable settlement on a highway construction project during the corresponding comparative period of the prior year.  These decreases were partially offset by a $1.6 million increase in earnings from a mining joint venture in Australia that began operations in 2012 and a $1.3 million increase in earnings on a DOE cleanup project due to the timing of the recognition of target-cost savings and other performance-based earnings.

Operating Income (Loss)

(In millions, except percentages)	Infrastructure & Environment			Federal Services			Energy & Construction			Oil & Gas (1)		Corporate			Total
Three months ended
March 29, 2013	$	41.3		$	99.1		$	27.1		$	7.8	$	(22.7	)	$	152.6
March 30, 2012		45.9			93.0			48.1			—		(25.6	)		161.4
Increase (decrease)		(4.6	)		6.1			(21.0	)		7.8		(2.9	)		(8.8	)
Percentage increase (decrease)		(10.0	%)		6.6	%		(43.7	%)		N/M		(11.3	%)		(5.5	%)

N/M = Not meaningful

(1)   The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

Operating income decreased by $8.8 million to $152.6 million in the three months ended March 29, 2013 from $161.4 million for the corresponding period last year.  As a percentage of revenues, operating income for the three months ended March 29, 2013 was 5.4% compared to 6.8% for the three months ended March 30, 2012.  The decrease in operating income was primarily due to the wind down and delay of projects and a decrease in equity in income of unconsolidated joint ventures described above.  These decreases were partially offset by the inclusion of operating income resulting from the acquisition of Flint and recognition of additional performance-based incentive fees from work performed by our Federal Services Division managing chemical demilitarization programs in the U.S.  See the detailed discussion in operating income by segment below.

54

The Infrastructure & Environment Division’s Operating Income (Loss)

Operating income decreased by $4.6 million in the three months ended March 29, 2013 compared to the corresponding period last year.  Operating income as a percentage of revenues was 4.4% for the three months ended March 29, 2013 compared to 4.8% for the three months ended March 30, 2012.  The relationship between operating income and revenues fluctuates between reporting periods depending on a variety of factors, including the mix of business as well as the level of margins earned from the various types of services provided.  For the quarter, cost of revenues was higher as a percentage of revenues.  Additionally, the decrease was attributable to lower revenues, partially offset by lower costs associated with labor, subcontractor, third-party materials and equipment.  Overhead costs as a percentage of revenues increased from 33.2% for the three months ended March 30, 2012 to 33.7% for the three months ended March 29, 2013.

The Federal Service Division’s Operating Income (Loss)

Operating income increased $6.1 million for the three months ended March 29, 2013 compared to the comparable period in the prior year.  Operating income as a percentage of revenues was 14.6% for the three months ended March 29, 2013 compared to 13.0% for the three months ended March 30, 2012.  The increase in both operating income  and operating income as a percentage of revenues was primarily due to the recognition of an additional $10.1 million in performance-based incentive fees, net of amounts payable to employees in the current year compared to the prior year from our work managing chemical demilitarization programs in the U.S.  The increase in these fees was a result of our ability to achieve certain milestones, which did not require significant incremental costs, as we transitioned to the closure phase of the project.

The Energy & Construction Division’s Operating Income (Loss)

Operating income decreased $21.0 million for the three months ended March 29, 2013 compared to the comparable period in the prior year.  Operating income as a percentage of revenues was 4.1% for the three months ended March 29, 2013 compared to 6.6% for the three months ended March 30, 2012.  The decrease in both operating income and operating income as a percentage of revenues was primarily due to the $4.7 million decrease in equity in income of unconsolidated joint ventures described above; a $6.3 million and $5.8 million decline in earnings on two large power projects due to higher margins in 2012 resulting from the recognition of substantial target cost savings and the initial profit recognition based on overall project performance; a $4.7 million decrease in earnings on a DOE nuclear cleanup project primarily related to a settlement negotiated on a request for equitable adjustment during the current period; and a $3.1 million insurance recovery on a common sulfur project in the prior period.

The Oil & Gas Division’s Operating Income (Loss)

Operating income as a percentage of revenues was 1.3% for the three months ended March 29, 2013.  Operating income for the three months ended March 29, 2013 was $7.8 million, which included $12.9 million of amortization of intangible assets in connection with the Flint acquisition.  Operating income was impacted by several factors including:  unseasonably difficult weather conditions in the Northeastern U.S., cost increases on two projects, a slowdown of activity in the natural gas market, and delays in the approval of pending change orders.

55

Interest Expense

Our consolidated interest expense for the three months ended March 29, 2013 increased by $11.3 million, or 115.3%, compared with the three months ended March 30, 2012.  This increase was primarily due to the interest expense incurred on the additional borrowings and the assumption of debt in connection with the Flint acquisition.

Income Tax Expense

Our effective income tax rates for the three months ended March 29, 2013 increased to 32.7% from 31.5% for the three months ended March 30, 2012.

Noncontrolling Interests in Income of Consolidated Subsidiaries

Our noncontrolling interests in income of consolidated subsidiaries, net of tax, for the year ended March 29, 2013 decreased by $10.9 million, or 42.2%, compared with the year ended March 30, 2012.  The decrease in noncontrolling interests in income of consolidated subsidiaries, net of tax, was primarily due to lower earnings from one of our U.K. joint ventures, close-out activities related to a levee construction project in New Orleans in the prior year and lower earnings on certain DOE nuclear cleanup projects.

Other Income (Expenses)

Our consolidated other income (expenses) for the three months ended March 29, 2013 consisted of foreign currency losses of $2.5 million recognized on intercompany financing arrangements compared to a net gain of $2.5 million recognized on foreign currency forward contracts during the three months ended March 30, 2012.

56

LIQUIDITY AND CAPITAL RESOURCES

	Three Months Ended
	March 29,				March 30,
(In millions)	2013				2012
Cash flows from operating activities		$	49.7			$	(20.7	)
Cash flows from investing activities			(19.8	)			(10.6	)
Cash flows from financing activities			(87.5	)			900.5

Overview

Our primary sources of liquidity are collections of accounts receivable from our clients, dividends from our unconsolidated joint ventures and borrowings related to our lines of credit.  Our primary uses of cash are to fund working capital, income tax payments, and capital expenditures; to service our debt; to pay dividends; to repurchase our common stock; and to make distributions to the noncontrolling interests in our consolidated joint ventures.

Our cash flows from operations are primarily impacted by fluctuations in working capital requirements, which are affected by numerous factors, including the billing and payment terms of our contracts, the stage of completion of contracts performed by us, the timing of payments to vendors, subcontractors, and joint ventures, and the changes in income tax and interest payments, as well as unforeseen events or issues that may have an impact on our working capital.

Liquidity

Cash and cash equivalents include all highly liquid investments with maturities of 90 days or less at the date of purchase, including interest-bearing bank deposits and money market funds.  At March 29, 2013 and December 28, 2012, restricted cash was $15.2 million and $17.1 million, respectively, which amounts were included in “Other current assets” on our Consolidated Balance Sheets.  At March 29, 2013 and December 28, 2012, cash and cash equivalents included $66.4 million and $80.1 million, respectively, of cash held by our consolidated joint ventures, which is available only to fund activities and obligations related to the joint ventures.

Accounts receivable and costs and accrued earnings in excess of billings on contracts (also referred to as “Unbilled Accounts Receivable”)represent our primary sources of cash inflows from operations.  Unbilled Accounts Receivable represents amounts that will be billed to clients as soon as invoice support can be assembled, reviewed and provided to our clients, or when specific contractual billing milestones are achieved.  In some cases, Unbilled Accounts Receivable may not be billable for periods generally extending from two to six months and, occasionally, beyond a year.  As of March 29, 2013 and December 28, 2012, $343.7 million and $264.9 million, respectively, of Unbilled Accounts Receivable were not expected to become billable within twelve months of the balance sheet date and, as a result, are included as a component of “Other long-term assets.”  As of March 29, 2013 and December 28, 2012, significant unapproved change orders and claims, which are included in Unbilled Accounts Receivable, collectively represented approximately 4% and 3%, respectively, of our gross accounts receivable and Unbilled Accounts Receivable.

Net Accounts Receivable, which is comprised of accounts receivable and the current portion of Unbilled Accounts Receivable, net of receivable allowances, at March 29, 2013 was $2.8 billion, a decrease of $88.3 million, or 3.1%, over the balance at December 28, 2012.  The decrease was primarily due to collections of project incentive awards.  The remaining difference relates to normal flows within the billing cycle.

All accounts receivable and Unbilled Accounts Receivable are evaluated on a regular basis to assess the risk of collectability, and allowances are provided as deemed appropriate.  Based on the nature of our customer base, including U.S. federal, state and local governments and large reputable companies, and contracts, we have not historically experienced significant write-offs related to receivables and Unbilled Accounts Receivable.  The size of our allowance for uncollectible receivables as a percentage of the combined totals of our accounts receivable and Unbilled Accounts Receivable is indicative of our history of successfully billing and collecting from our clients.

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As of March 29, 2013 and December 28, 2012, our receivable allowances represented 2.38% and 2.37%, respectively, of the combined total accounts receivable and the current portion of Unbilled Accounts Receivable.  We believe that our allowance for doubtful accounts receivable as of March 29, 2013 is adequate.  We have placed significant emphasis on collection efforts and continually monitor our receivables allowance.  However, future economic conditions may adversely affect the ability of some of our clients to make payments or the timeliness of their payments; consequently, it may also affect our ability to consistently collect cash from our clients to meet our operating needs.  The other significant factors that typically affect our realization of our accounts receivable include the billing and payment terms of our contracts, as well as the stage of completion of our performance under the contracts.  Our operating cash flows may also be affected by changes in contract terms or the timing of advance payments to our joint ventures, partnerships and partially-owned limited liability companies relative to the contract collection cycle.  In addition, substantial advance payments or billings in excess of costs also have an impact on our liquidity.  Billings in excess of costs as of March 29, 2013 and December 28, 2012 were $264.2 million and $289.1 million, respectively.

We use Days Sales Outstanding (“DSO”) to monitor the average time, in days, that it takes us to convert our accounts receivable into cash.  DSO also is a useful tool for investors to measure our liquidity and understand our average collection period.  We calculate DSO by dividing net accounts receivable, less billings in excess of costs and accrued earnings on contracts, as of the end of the quarter by the amount of revenues recognized during the quarter, and multiplying the result of that calculation by the number of days in that quarter.  We included the non-current amounts in our calculation of DSO and the ratio of accounts receivable to revenues.  Our DSO increased from 87 days as of December 28, 2012 to 93 days as of March 29, 2013.

We also analyze the ratio of our accounts receivable to quarterly revenues (the “Ratio”), which changed from 93.9% at March 30, 2012 to 95.7% at December 28, 2012 and to 102.1% at March 29, 2013.  We calculate this ratio by dividing net accounts receivable, less billings in excess of costs and accrued earnings on contracts as of the end of the quarter by the amount of revenues recognized during the quarter.

The factors that affect the Ratio also have the same effect on DSO.  The increases in the Ratio, and therefore the increases in DSO, occurred primarily for the following reasons:

·   We experienced a decrease in quarter-over-quarter revenues while our accounts receivable balances at March 29, 2013 and December 28, 2012 remained relatively steady.  The decrease in quarter-over-quarter revenues primarily resulted from the completion of a large power project, the delay of another large power project, the timing of maintenance outage work in our power sector, and federal funding decreases which impacted revenues for our work providing nuclear management services to the DOE in the first quarter of fiscal year 2013.

·   Accruals of amounts from performance-based incentives under long-term U.S. federal government contracts, primarily with the DOD, added 4.2% to our Ratio for the quarter ended March 30, 2012, 8.1% to our Ratio for the quarter ended December 28, 2012, and 8.4% to our Ratio for the quarter ended March 29, 2013.  These amounts were included in Unbilled Accounts Receivable and “Other long-term assets,” and they become billable as provided under the terms of the contracts to which they relate.  We do not expect to bill for these incentives until 2014 and beyond.  Our Unbilled Accounts Receivable and “Other long-term assets” included amounts earned under milestone payment clauses, which provided for payments to be received beyond a year from the date service occurs.  Based on our historical experience, we generally consider the collection risk related to these amounts to be low.

·   Other, smaller increases in the Ratio were caused by:

o   Receivables related to activity on a DOE deactivation, demolition, and removal project; and

o   Adjustments on some U.S. federal government contracts from bi-monthly to monthly billing cycles, changes in the U.S. federal government agency billing requirements and invoice reviews by the U.S. Defense Contract Audit Agency, which have caused delays and re-billings.

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We believe that we have sufficient resources to fund our operating and capital expenditure requirements, to pay income taxes, and to service our debt for at least the next twelve months.  In the ordinary course of our business, we may experience various loss contingencies including, but not limited to, the pending legal proceedings identified in Note 15, “Commitments and Contingencies,” to our condensed consolidated financial statements included under Part 1 – Item 1 of this report, which may adversely affect our liquidity and capital resources.

We have determined that the restricted net assets as defined by Rule 4-08(e)(3) of Regulation S-X are less than 25% of our consolidated net assets.

Senior Notes and Canadian Notes

On March 15, 2012, we issued in a private placement $400.0 million aggregate principal amount of 3.85% Senior Notes due on April 1, 2017 and $600.0 million aggregate principal amount of 5.00% Senior Notes due on April 1, 2022 (collectively, the “Senior Notes”).  We used the net proceeds from the notes together with borrowings from our senior secured credit facility (“2011 Credit Facility”) to finance our acquisition of Flint on May 14, 2012.  We also guaranteed Flint’s senior notes (the “Canadian Notes”) with an outstanding face value of C$175.0 million (US$172.1 million as of March 29, 2013).  See Note 9, “Indebtedness,” to our Condensed Consolidated Financial Statements included under Part 1 – Item 1 of this report, for more information regarding the Senior Notes.

Dividend Program

Our Board of Directors has declared the following dividends:

Declaration Date	Dividend Per Share		Record Date	Total Maximum Payment		Payment Date
(In millions, except per share data)
February 24, 2012	$	0.20	March 16, 2012	$	15.2	April 6, 2012
May 4, 2012	$	0.20	June 15, 2012	$	15.4	July 6, 2012
August 3, 2012	$	0.20	September 14, 2012	$	15.4	October 5, 2012
November 2, 2012	$	0.20	December 14, 2012	$	15.4	January 4, 2013
February 22, 2013	$	0.21	March 15, 2013	$	16.0	April 5, 2013
May 3, 2013	$	0.21	June 14, 2013		NA	July 5, 2013

NA = Not available

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Operating Activities

The increase in cash flows from operating activities for the three months ended March 29, 2013, compared to the three months ended March 30, 2012, was primarily due to the timing of billings, collections and advance payments from clients on accounts receivables, offset by the timing of accounts payable, accrued salaries and employee benefits and other current liabilities, the timing of payments on project-related expenses, and project incentive awards that were recognized but are not currently billable.

Investing Activities

Cash flows from investing activities of $19.8 million during the three months ended March 29, 2013 consisted of the following significant activities:

·   capital expenditures, excluding purchases financed through capital leases and equipment notes, of $25.0 million.

These cash flows were partially offset by:

·   proceeds from the disposal of property and equipment of $3.4 million.

Cash flows from investing activities of $10.6 million during the three months ended March 30, 2012 consisted of the following significant activities:

·   capital expenditures, excluding purchases financed through capital leases and equipment notes, of $17.8 million; and

·   disbursements related to advances to unconsolidated joint ventures of $4.0 million.

These cash flows were partially offset by:

·   proceeds from the disposal of property and equipment of $9.5 million, mainly resulting from the residual payment received on the close out and settlement of mining projects in Jamaica.

For the remainder of fiscal year 2013, we expect to incur more than $100 million in capital expenditures, a portion of which will be financed through capital leases or equipment notes.

Financing Activities

Cash flows from financing activities of $87.5 million during the three months ended March 29, 2013 consisted of the following significant activities:

·   repurchases of our common stock of $45.1 million;

·   net change in overdrafts of $31.4 million;

·   distributions to noncontrolling interests of consolidated joint ventures of $15.7 million; and

·   dividend payments of $14.9 million.

These cash flows were partially offset by:

·   net borrowings from our revolving line of credit of $20.5 million.

Cash flows generated from financing activities of $900.5 million during the three months ended March 30, 2012 consisted of the following significant activities:

·   proceeds of our Senior Notes, net of debt discount and issuance costs, of $990.2 million.

These cash flows were partially offset by:

·   repurchases of our common stock of $40.0 million;

·   net payments on our revolving line of credit of $23.6 million; and

·   distributions to noncontrolling interests of consolidated joint ventures of $15.5 million.

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Contractual Obligations and Commitments

The following table contains information about our contractual obligations and commercial commitments as of March 29, 2013:

Contractual Obligations	Payments and Commitments Due by Period
(Debt payments include principal only)			Less Than						After
(In millions)	Total		1 Year		1-3 Years		4-5 Years		5 Years		Other
As of March 29, 2013:
2011 Credit Facility (1)	$	670.0	$	31.3	$	131.3	$	507.4	$	—	$	—
3.85% Senior Notes (2)		400.0		—		—		400.0		—		—
5.00% Senior Notes (2)		600.0		—		—		—		600.0		—
7.50% Canadian Notes (2)		172.1		—		—		—		172.1		—
Revolving line of credit		119.0		—		—		119.0		—		—
Capital lease obligations (1)		58.5		27.4		20.9		10.2		—		—
Notes payable, foreign credit lines and other indebtedness		43.6		25.4		11.6		6.0		0.6		—
Total debt		2,063.2		84.1		163.8		1,042.6		772.7		—
Operating lease obligations (3)		676.7		193.4		255.9		141.4		86.0		—
Pension and other retirement plans funding requirements (4)		637.3		224.6		97.4		85.7		229.6		—
Interest (5)		498.5		75.7		147.4		121.0		154.4		—
Dividends payable (6)		17.8		16.4		1.2		0.2		—		—
Purchase obligations (7)		21.9		12.7		9.2		—		—		—
Asset retirement obligations (8)		13.5		2.9		1.7		3.8		5.1		—
Other contractual obligations (9)		104.6		92.3		—		—		—		12.3
Total contractual obligations	$	4,033.5	$	702.1	$	676.6	$	1,394.7	$	1,247.8	$	12.3

(1)   Amounts shown exclude unamortized debt issuance costs of $3.4 million for our 2011 Credit Facility.  For capital lease obligations, amounts shown exclude interest of $2.6 million.  For information regarding events that could accelerate the due dates of these payments, see the “2011 Credit Facility” section in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012.

(2)   Amounts shown exclude unamortized discount for the 3.85% and 5.00% Senior Notes of $1.0 million, and unamortized premium for the 7.50% Canadian Notes of $26.5 million.  For information regarding events that could accelerate these payments, see the “Senior Notes and Canadian Notes” section in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012.

(3)   Operating leases are predominantly real estate leases.

(4)   Amounts consist of estimated pension and other retirement plan funding requirements, to the extent that we were able to develop reasonable estimates, for various defined benefit, post-retirement, defined contribution, multiemployer, and other retirement plans.  Estimates do not include potential multiemployer plan termination or withdrawal amounts since we are unable to estimate the amount of contributions that could be required.

(5)   Interest for the next five years, which excludes non-cash interest, is determined based on the current outstanding balance of our debt and payment schedule at the estimated interest rate.

(6)   Dividends for unvested restricted stock awards and units will be paid upon vesting.

(7)   Purchase obligations consist primarily of software maintenance contracts.

(8)   Asset retirement obligations represent the estimated costs of removing and restoring our leased properties to the original condition pursuant to our real estate lease agreements.

(9)   Other contractual obligations include accrued discretionary and non-discretionary bonuses, net liabilities for anticipated settlements and interest on our tax liabilities, accrued benefits for our executives pursuant to their employment agreements, and our contractual obligations to joint ventures.  Generally, it is not practicable to forecast or estimate the payment dates for the above-mentioned tax liabilities.  Therefore, we included the estimated liabilities under “Other” above.

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Off-balance Sheet Arrangements

In the ordinary course of business, we may use off-balance sheet arrangements if we believe that such an arrangement would be an efficient way to lower our cost of capital or help us manage the overall risks of our business operations.  We do not believe that such arrangements have had a material adverse effect on our financial position or our results of operations.

The following are our off-balance sheet arrangements:

·   Letters of credit and bank guarantees are used primarily to support project performance, insurance programs, bonding arrangements and real estate leases.  We are required to reimburse the issuers of letters of credit and bank guarantees for any payments they make under the outstanding letters of credit or bank guarantees.  Our credit facilities and banking arrangements cover the issuance of our standby letters of credit and bank guarantees that are critical for our normal operations.  If we default on these credit facilities and banking arrangements, we would be unable to issue or renew standby letters of credit and bank guarantees, which would impair our ability to maintain normal operations.  As of March 29, 2013, we had $133.3 million in standby letters of credit outstanding under our 2011 Credit Facility and $35.6 million in bank guarantees outstanding under foreign credit facilities and other banking arrangements with remaining availability of approximately $47.0 million.

·   We have agreed to indemnify one of our joint venture partners up to $25.0 million for any potential losses, damages, and liabilities associated with lawsuits in relation to general and administrative services we provide to the joint venture.

·   From time to time, we provide guarantees and indemnifications related to our services or work.  If our services under a guaranteed or indemnified project are later determined to have resulted in a material defect or other material deficiency, then we may be responsible for monetary damages or other legal remedies.  When sufficient information about claims on guaranteed or indemnified projects is available and monetary damages or other costs or losses are determined to be probable, we recognize such guarantee losses.

·   In the ordinary course of business, we enter into various agreements providing performance assurances and guarantees to clients on behalf of certain unconsolidated subsidiaries, joint ventures, and other jointly executed contracts.  We enter into these agreements primarily to support the project execution commitments of these entities.  The potential payment amount of an outstanding performance guarantee is typically the remaining cost of work to be performed by or on behalf of third parties under engineering and construction contracts.  However, we are not able to estimate other amounts that may be required to be paid in excess of estimated costs to complete contracts and, accordingly, the total potential payment amount under our outstanding performance guarantees cannot be estimated.  For cost-plus contracts, amounts that may become payable pursuant to guarantee provisions are normally recoverable from the client for work performed under the contract.  For lump sum or fixed-price contracts, this amount is the cost to complete the contracted work less amounts remaining to be billed to the client under the contract.  Remaining billable amounts could be greater or less than the cost to complete.  In those cases where costs exceed the remaining amounts payable under the contract, we may have recourse to third parties, such as owners, co-venturers, subcontractors or vendors, for claims.

·   In the ordinary course of business, our clients may request that we obtain surety bonds in connection with contract performance obligations that are not required to be recorded in our Consolidated Balance Sheets.  We are obligated to reimburse the issuer of our surety bonds for any payments made thereunder.  Each of our commitments under performance bonds generally ends concurrently with the expiration of our related contractual obligation.

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2011 Credit Facility

As of both March 29, 2013 and December 28, 2012, the outstanding balance of the term loan under our 2011 Credit Facility was $670.0 million.  As of March 29, 2013 and December 28, 2012, the interest rates applicable to the term loan were 1.70% and 1.71%, respectively.  Loans outstanding under our 2011 Credit Facility bear interest, at our option, at the base rate or at the London Interbank Offered Rate (“LIBOR”) plus, in each case, an applicable per annum margin.  The applicable margin is determined based on the better of our debt ratings or our leverage ratio in accordance with a pricing grid.  The interest rate at which we normally borrow is LIBOR plus 150 basis points.

We were in compliance with the covenants of our 2011 Credit Facility as of March 29, 2013.

Revolving line of credit.  Our revolving line of credit is used to fund daily operating cash needs and to support our standby letters of credit.  In the ordinary course of business, the use of our revolving line of credit is a function of collection and disbursement activities.  Our daily cash needs generally follow a predictable pattern that parallels our payroll cycles, which dictate, as necessary, our short-term borrowing requirements.

As of March 29, 2013 and December 28, 2012, we had outstanding balances of $119.0 million and $100.5 million, respectively, on our revolving line of credit.  As of March 29, 2013, we had issued $133.3 million of letters of credit, leaving $747.7 million available under our revolving credit facility.

Senior Notes and Canadian Notes

On March 15, 2012, we issued, in a private placement, $400.0 million aggregate principal amount of 3.85% Senior Notes due on April 1, 2017 and $600.0 million aggregate principal amount of 5.00% Senior Notes due on April 1, 2022.  As of March 29, 2013, the outstanding balance of the Senior Notes was $999.1 million, net of $1.0 million of discount.

The Senior Notes are our general unsecured senior obligations and rank equally with our other existing and future unsecured senior indebtedness.  The Senior Notes are fully and unconditionally guaranteed (the “Guarantees”) by each of our current and future domestic subsidiaries that are guarantors under our 2011 Credit Facility or that are wholly owned domestic obligors or wholly owned domestic guarantors, individually or collectively, under any future indebtedness of our subsidiaries in excess of $100.0 million (the “Guarantors”).  The Guarantees are the Guarantors’ unsecured senior obligations and rank equally with the Guarantors’ other existing and future unsecured senior indebtedness.  See Note 17, “Condensed Consolidating Financial Information,” to our condensed consolidated financial statements included under Part 1 – Item 1 of this report for additional detail.

In connection with the sale of the Senior Notes, we entered into a registration rights agreement under which we filed a registration statement, on April 17, 2013, with the SEC offering to exchange any privately placed Senior Notes with substantially similar notes, except that the newly exchanged notes will be unrestricted and freely tradable securities.  The registration statement has not yet been declared effective by the SEC.  Until we complete our exchange offer, we will be required to pay additional interest up to a maximum of 50 basis points to the holders of the Senior Notes.

On May 14, 2012, we guaranteed the Canadian Notes with an outstanding face value of C$175.0 million (US$175.0 million).  As of March 29, 2013, the outstanding balance of the Canadian Notes was $198.6 million, including $26.5 million of premium.

We were in compliance with the covenants of our Senior Notes and Canadian Notes as of March 29, 2013.

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Other Indebtedness

Notes payable, five-year loan notes, and foreign credit lines.  As of March 29, 2013 and December 28, 2012, we had outstanding amounts of $43.6 million and $35.5 million, respectively, in notes payable, five-year loan notes, and foreign lines of credit.  The weighted-average interest rates of the notes were approximately 5.71% and 4.68% as of March 29, 2013 and December 28, 2012, respectively.  Notes payable primarily include notes used to finance the purchase of office equipment, computer equipment and furniture.

As of March 29, 2013 and December 28, 2012, we maintained several foreign credit lines with aggregate borrowing capacity of $49.0 million and $50.8 million, respectively, and had remaining borrowing capacity of $45.2 and $47.7 million, respectively.

Capital Leases.  As of March 29, 2013 and December 28, 2012, we had obligations under our capital leases of approximately $58.5 million and $59.2 million, respectively, consisting primarily of leases for office equipment, computer equipment, furniture, vehicles and automotive equipment, and construction equipment.

Operating Leases.  As of March 29, 2013 and December 28, 2012, we had obligations under our operating leases of approximately $676.7 million and $706.3 million, respectively, consisting primarily of real estate leases.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires us to make estimates and assumptions in the application of certain accounting policies that affect amounts reported in our condensed consolidated financial statements and related footnotes included in Item 1 of this report.  In preparing these financial statements, we have made our best estimates and judgments of certain amounts, after considering materiality.  Application of these accounting policies, however, involves the exercise of judgment and the use of assumptions as to future uncertainties.  Consequently, actual results could differ from our estimates, and these differences could be material.

The accounting policies that we believe are most critical to an investor’s understanding of our financial results and condition and that require complex judgments by management are included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012.  There were no material changes to these critical accounting policies during the three months ended March 29, 2013.

ADOPTED AND OTHER RECENTLY ISSUED ACCOUNTING STANDARDS

See Note 2, “Adopted and Other Recently Issued Statements of Financial Accounting Standards,” to our Condensed Consolidated Financial Statements included under Part 1 – Item 1 of this report.

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ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Interest Rate Risk

We are exposed to changes in interest rates as a result of our borrowings under our 2011 Credit Facility.  We borrow under the 2011 Credit Facility at a fixed rate plus a market rate margin.  The margin is based on LIBOR or similar indexes.  Based on the outstanding term loan of $670.0 million and an outstanding revolving line of credit balance of $119.0 million under our 2011 Credit Facility, if market rates used to calculate interest expense were to average 1% higher in the next twelve months, our net-of-tax interest expense would increase by approximately $4.2 million.  Interest rates, as measured by LIBOR or similar indexes, remain at historic low levels, thereby limiting how far we can measure a drop in interest rates.  As a result, we have analyzed that if rates fall by 1% or by the maximum amount below 1%, it would lower our net-of-tax interest expense by approximately $0.9 million.  This analysis is computed taking into account the current outstanding term loan of our 2011 Credit Facility, assumed interest rates and current debt payment schedule.  The result of this analysis would change if the underlying assumptions were modified.

Foreign Currency Risk

The majority of our transactions are in U.S. dollars; however, our foreign subsidiaries conduct businesses in various foreign currencies.  Therefore, we are subject to currency exposures and volatility because of currency fluctuations.  We attempt to minimize our exposure to foreign currency fluctuations by matching our revenues and expenses in the same currency for our contracts.  From time to time, we purchase derivative financial instruments in the form of foreign currency exchange contracts to manage specific foreign currency exposures.  As of March 29, 2013, we do not have any derivative financial instruments.  We recorded a foreign currency translation loss of $36.3 million and a foreign currency translation gain of $21.1 million in “Other comprehensive income” for the three months ended March 29, 2013 and March 30, 2012, respectively.

ITEM 4.  CONTROLS AND PROCEDURES

Attached as exhibits to this Form 10-Q are certifications of our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), which are required in accordance with Rule 13a-14 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").  This “Controls and Procedures” section includes information concerning the controls and controls evaluation referred to in the certifications and should be read in conjunction with the certifications for a more complete understanding.

Evaluation of Disclosure Controls and Procedures

Based on our management’s evaluation, with the participation of our CEO and CFO, of our “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), our CEO and CFO have concluded that our disclosure controls and procedures were effective at a reasonable assurance level as of the end of the period covered by this report, to provide reasonable assurance that the information required to be disclosed by us in the reports that we filed or submitted to the SEC under the Exchange Act were (1) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (2) accumulated and communicated to our management, including our principal executive and principal financial officers, to allow timely decisions regarding required disclosures.

Material Weakness Previously Identified

We previously reported a material weakness in internal control over journal entries in Item 9A. Controls and Procedures in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012.

Remediation Efforts on Previously Identified Material Weakness

During the three months ended March 29, 2013, we re-assessed and revised our processes around journal entries to address the material weakness in our internal control over financial reporting related to journal entries; specifically the ability for some key accounting personnel who had the ability to prepare and post journal entries without an independent review by someone without the ability to prepare and post journal entries.

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We have removed the ability to both prepare and post journal entries in one of our accounting and financial reporting systems.  For this system, we also performed reviews of the journal entries prepared and posted prior to the system modification, which was performed by individuals without the ability to prepare and post journal entries, to determine the entries were valid, accurate, and complete.

In those systems where system controls separating preparation and posting activities were not in effect as of March 29, 2013, we established similar reviews of the journal entries as discussed above.

As of the end of the period covered by this report, we have implemented controls to remediate the material weakness, tested the remediated controls and found them to be effective, and have concluded that these efforts were sufficient to remediate the material weakness related to journal entries.

Subsequent to March 29, 2013, system modifications were made in certain additional accounting and financial reporting systems to remove the ability for an individual to both prepare and post a journal entry.  In addition, we have enhanced our financial reporting policies and procedures around journal entries.

Changes in Internal Control over Financial Reporting

Other than the changes noted above to remediate the previously reported material weakness, there have been no changes in our internal control over financial reporting during the three months ended March 29, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations on Effectiveness of Controls

Our management, including the CEO and CFO, has designed our disclosure controls and procedures and our internal control over financial reporting to provide reasonable assurances that the controls’ objectives will be met.  However, management does not expect that disclosure controls and procedures or our internal control over financial reporting will prevent or detect all error and all fraud.  A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met.  The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.  Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the company have been detected.  These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.  Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls.  The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any system’s design will succeed in achieving its stated goals under all potential future conditions.  Projections of any evaluation of a system’s control effectiveness into future periods are subject to risks.  Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

PART II

OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

Various legal proceedings are pending against our subsidiaries and us.  The resolution of outstanding claims and litigation is subject to inherent uncertainty, and it is reasonably possible that resolution of any of the outstanding claims or litigation matters could have a material adverse effect on us.  See Note 15, “Commitments and Contingencies,” to our “Condensed Consolidated Financial Statements” included under Part 1 – Item 1 of this report for a discussion of our legal proceedings, which is incorporated herein by reference.

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ITEM 1A.  RISK FACTORS

In addition to our other disclosures set forth or incorporated by reference in this quarterly report on Form 10-Q, the following risk factors could also affect our financial condition and results of operations:

Demand for our services is cyclical and vulnerable to economic downturns and reductions in government and private industry spending.  If the economy weakens or client spending declines further, then our revenues, book of business, profits and our financial condition may deteriorate.

Demand for our services is cyclical and vulnerable to economic downturns and reductions in government and private industry spending, such as budget cuts related to federal sequestration.  Such downturns or reductions could delay, curtail or cancel proposed and existing projects.  Over the past several years, weak economic conditions and volatility in global financial markets have impacted our client spending.

Some clients have delayed, curtailed or cancelled proposed and existing projects and may continue to do so in the future.  For example, our book of business has declined from $24.9 billion as of December 28, 2012 to $24.2 billion as of March 29, 2013.  Also, our clients may demand more favorable pricing terms and find it increasingly difficult to timely pay invoices for our services, which would impact our future cash flows and liquidity.  In addition, any rapid changes in the prices of commodities make it difficult for our clients and us to forecast future capital expenditures.  Inflation or significant changes in interest rates could reduce the demand for our services.  Any inability to timely collect our invoices may lead to an increase in our accounts receivable and potentially to increased write-offs of uncollectible invoices.  If the economy remains weak or uncertain, or client spending declines further, then our revenues, book of business, net income and overall financial condition could deteriorate.

Federal sequestration-related budget cuts has had an adverse impact on our business and could significantly reduce demand for the services we provide.

The Budget Control Act of 2011 imposed federal government spending cuts in fiscal year 2013 and beyond, a large portion of which relates to defense spending.  Reduction in federal government spending has decreased demand for our services, resulting in canceled and delayed projects as well as potential projects in our book of business.  Further federal budget cuts resulting from sequestration could significantly reduce demand for our services, could lead us to reduce our workforce, and have a material adverse effect on our results of operation and financial condition.

We may not realize the full amount of revenues reflected in our book of business, particularly in light of current economic conditions, which could harm our operations and could significantly reduce our expected profits and revenues.

We account for all contract awards that may eventually be recognized as revenues or equity in income of unconsolidated joint ventures as our “book of business,” which includes backlog, option years and IDCs.  As of March 29, 2013, our book of business was estimated at approximately $24.2 billion, which included $12.8 billion of backlog.  Our book of business estimates may not result in realized profits and revenues in any particular period because clients may delay, modify terms or terminate projects and contracts and may decide not to exercise contract options or issue task orders.  This uncertainty is particularly acute in light of current economic conditions, as the risk of contracts in backlog being delayed, adjusted in scope or cancelled is more likely to increase during periods of economic uncertainty.  In addition, our government contracts or subcontracts are subject to renegotiation or termination at the convenience of the applicable U.S. federal, state or local governments, as well as national governments of other countries.  Accordingly, if we do not realize a substantial amount of our book of business, our operations could be harmed and our expected profits and revenues could be significantly reduced.

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As a government contractor, we must comply with various procurement laws and regulations and are subject to regular government audits; failure to comply with any of these laws and regulations could result in sanctions, contract termination, forfeiture of profit, harm to our reputation or loss of our status as an eligible government contractor.  Any interruption or termination of our government contractor status, or a loss of our government business, could reduce our profits and revenues significantly.

As a government contractor, we enter into many contracts with federal, state and local government clients.  For example, revenues from our federal market sector represented 38% of our total revenues for the three months ended March 29, 2013.  We are affected by and must comply with federal, state, local and foreign laws and regulations relating to the formation, administration and performance of government contracts.  For example, we must comply with the Federal Acquisition Regulation (“FAR”), the Truth in Negotiations Act, Cost Accounting Standards (“CAS”), American Recovery and Reinvestment Act (“ARRA”), the Services Contract Act, export controls rules and DOD security regulations, as well as many other laws and regulations.  In addition, we must also comply with other government regulations related to employment practices, environmental protection, health and safety, tax, accounting and anti-fraud, as well as many others in order to maintain our government contractor status.  These laws and regulations affect how we transact business with our clients and in some instances, impose additional costs on our business operations.  Even though we take precautions to prevent and deter fraud, misconduct and non-compliance, we face the risk that our employees or outside partners may engage in misconduct, fraud or other improper activities.

Government agencies, such as the U.S. Defense Contract Audit Agency (“DCAA”), routinely audit and investigate government contractors.  These government agencies review and audit a government contractor’s performance under its contracts, a government contractor’s direct and indirect cost structure, and a government contractor’s compliance with applicable laws, regulations and standards.  For example, during the course of its audits, the DCAA may question our incurred project costs and, if the DCAA believes we have accounted for these costs in a manner inconsistent with the requirements for the FAR or CAS, the DCAA auditor may recommend to our U.S. government corporate administrative contracting officer to disallow such costs.  We can provide no assurance that the DCAA or other government audits will not result in material disallowances for incurred costs in the future.  In addition, government contracts are subject to a variety of other socioeconomic requirements relating to the formation, administration, performance and accounting for these contracts.  We may also be subject to qui tam litigation brought by private individuals on behalf of the government under the Federal Civil False Claims Act, which could include claims for treble damages.  Government contract violations could result in the imposition of civil and criminal penalties or sanctions, contract termination, forfeiture of profit, and/or suspension of payment, any of which could make us lose our status as an eligible government contractor.  We could also suffer serious harm to our reputation.  Any interruption or termination of our government contractor status, or a loss of our government business, could reduce our profits and revenues significantly.

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Employee, agent or partner misconduct or failure to comply with anti-bribery and other government laws and regulations could harm our reputation, reduce our revenues and profits, and subject us to criminal and civil enforcement actions.

Misconduct, fraud, non-compliance with applicable laws and regulations, or other improper activities by one of our employees, agents or partners could have a significant negative impact on our business and reputation.  Such misconduct could include the failure to comply with government procurement regulations, regulations regarding the protection of classified information, regulations prohibiting bribery and other foreign corrupt practices, regulations regarding the pricing of labor and other costs in government contracts, regulations on lobbying or similar activities, regulations pertaining to the internal controls over financial reporting, environmental laws and any other applicable laws or regulations.  For example, the United States Foreign Corrupt Practices Act and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments to foreign officials for the purpose of obtaining or retaining business.  In addition, we regularly provide services that may be highly sensitive or that relate to critical national security matters; if a security breach were to occur, our ability to procure future government contracts could be severely limited.

Our policies mandate compliance with these regulations and laws, and we take precautions intended to prevent and detect misconduct.  However, since our internal controls are subject to inherent limitations, including human error, it is possible that these controls could be intentionally circumvented or become inadequate because of changed conditions.  As a result, we cannot assure that our controls will protect us from reckless or criminal acts committed by our employees and agents.  Failure to comply with applicable laws or regulations or acts of misconduct could subject us to fines and penalties, loss of security clearances, and suspension or debarment from contracting, any or all of which could harm our reputation, reduce our revenues and profits and subject us to criminal and civil enforcement actions.

Legal proceedings, investigations and disputes could result in substantial monetary penalties and damages, which could affect us adversely, especially if these penalties and damages exceed or are excluded from existing insurance coverage.

We engage in engineering, construction and technical services that can result in substantial injury or damages that may expose us to legal proceedings, investigations and disputes.  For example, in the ordinary course of our business, we may be involved in legal disputes regarding personal injury and wrongful death claims, employee or labor disputes, professional liability claims, and general commercial disputes involving project cost overruns, indemnification claims and liquidated damages as well as other claims.  See Note 15, “Commitments and Contingencies,” to our condensed consolidated financial statements included under Part 1 – Item 1 of this report for a discussion of some of our legal proceedings.  In addition, in the ordinary course of our business, we frequently make professional judgments and recommendations about environmental and engineering conditions of project sites for our clients.  We may be deemed to be responsible for these judgments and recommendations if they are later determined to be inaccurate.  Any unfavorable legal ruling against us could result in substantial monetary damages or even criminal violations.  We maintain insurance coverage as part of our overall legal and risk management strategy to minimize our potential liabilities.  Generally, our insurance program covers workers’ compensation and employer’s liability, general liability, automobile liability, professional errors and omissions liability, property, marine property and liability, and contractor’s pollution liability (in addition to other policies for specific projects).  Our insurance program includes deductibles or self-insured retentions for each covered claim.  In addition, our insurance policies contain exclusions and sublimits that insurance providers may use to deny us insurance coverage.  Excess liability, contractor’s pollution liability, and professional liability insurance policies provide for coverages on a “claims-made” basis, covering only claims actually made and reported during the policy period currently in effect.  If we sustain liabilities that exceed our insurance coverage or for which we are not insured, it could have a material adverse impact on our results of operations and financial condition, including our profits and revenues.

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Unavailability or cancellation of third-party insurance coverage would increase our overall risk exposure as well as disrupt the management of our business operations.

We maintain insurance coverage from third-party insurers as part of our overall risk management strategy and because some of our contracts require us to maintain specific insurance coverage limits.  If any of our third-party insurers fail, suddenly cancel our coverage or otherwise are unable to provide us with adequate insurance coverage then our overall risk exposure and our operational expenses would increase and the management of our business operations would be disrupted.  In addition, there can be no assurance that any of our existing insurance coverage will be renewable upon the expiration of the coverage period or that future coverage will be affordable at the required limits.

We may be subject to substantial liabilities under environmental laws and regulations.

Our services are subject to numerous environmental protection laws and regulations that are complex and stringent.  Our business involves the planning, design, program management, construction and construction management, and operations and maintenance at various sites, including but not limited to pollution control systems, nuclear facilities, hazardous waste and Superfund sites, contract mining sites, hydrocarbon production, distribution and transport sites, military bases and other infrastructure-related facilities.  We also regularly perform work, including oil field and pipeline construction services in and around sensitive environmental areas, such as rivers, lakes and wetlands.  In addition, we have contracts with U.S. federal government entities to destroy hazardous materials, including chemical agents and weapons stockpiles, as well as to decontaminate and decommission nuclear facilities.  These activities may require us to manage, handle, remove, treat, transport and dispose of toxic or hazardous substances.  We also own and operate several properties in the U.S. and Canada that have been used for the storage and maintenance of equipment and upon which hydrocarbons or other wastes may have been disposed or released.  Past business practices at companies that we have acquired may also expose us to future unknown environmental liabilities.

Significant fines, penalties and other sanctions may be imposed for non-compliance with environmental laws and regulations, and some environmental laws provide for joint and several strict liabilities for remediation of releases of hazardous substances, rendering a person liable for environmental damage, without regard to negligence or fault on the part of such person.  These laws and regulations may expose us to liability arising out of the conduct of operations or conditions caused by others, or for our acts that were in compliance with all applicable laws at the time these acts were performed.  For example, there are a number of governmental laws that strictly regulate the handling, removal, treatment, transportation and disposal of toxic and hazardous substances, such as CERCLA, and comparable state laws, that impose strict, joint and several liabilities for the entire cost of cleanup, without regard to whether a company knew of or caused the release of hazardous substances.  In addition, some environmental regulations can impose liability for the entire cleanup upon owners, operators, generators, transporters and other persons arranging for the treatment or disposal of such hazardous substances related to contaminated facilities or project sites.  Other federal environmental, health and safety laws affecting us include, but are not limited to, the Resource Conservation and Recovery Act, the National Environmental Policy Act, the Clean Air Act, the Clean Air Mercury Rule, the Occupational Safety and Health Act, the Toxic Substances Control Act and the Superfund Amendments and Reauthorization Act, as well as other comparable national and state laws.  Liabilities related to environmental contamination or human exposure to hazardous substances, or a failure to comply with applicable regulations could result in substantial costs to us, including cleanup costs, fines and civil or criminal sanctions, third-party claims for property damage or personal injury or cessation of remediation activities.  Our continuing work in the areas governed by these laws and regulations exposes us to the risk of substantial liability.

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Changes in transportation regulations and other factors may increase our costs and negatively impact our profit margins.

We have a large fleet of trucks and other heavy vehicles to transport drilling rigs and provide fluid hauling and other oil and gas services in North America.  We are subject to national, state and Canadian provincial regulations including the permit requirements of highway and safety authorities.  These regulatory authorities exercise broad powers over our transport operations, generally governing such matters as the authorization to engage in transportation operations, safety, equipment testing and specifications and insurance requirements.  The transportation industry is also subject to regulatory and legislative changes that may impact our operations, such as by requiring changes in fuel emissions limits, vehicle air emissions, the hours of service regulations that govern the amount of time a driver may drive or work in any specific period, limits on vehicle weight and size and other matters.  Changes in regulation may increase costs related to truck purchases and maintenance, impair equipment productivity, decrease the residual value of these vehicles and increase operating expenses.

In addition, our transport business is impacted by weather conditions that can restrict our ability to deliver services.  For example, Canadian municipalities and provincial transportation departments enforce seasonal road bans each spring that limit the movement of heavy vehicles and equipment.  Additionally, some Canadian oil and natural gas-producing areas are only accessible in the winter months when the ground or waterways are frozen; however, these conditions increase susceptibility to accidents.

Proposals to increase taxes, including taxes on motor fuels, are also made from time to time, and any such increase would increase our operating costs.  Also fluctuating fuel prices may negatively affect our profit margins.  We cannot predict whether, or in what form, any legislative or regulatory changes applicable to our trucking operations will be enacted and to what extent any such legislation or regulations could increase our costs or otherwise adversely affect our profit margin and overall business.

Demand for our oil and gas services fluctuates.

In May 2012, we completed our acquisition of Flint, significantly increasing our oil and gas services in North America, particularly to the unconventional segments of this market.  Demand for our oil and gas services fluctuates, and we depend on our customers’ willingness to make future expenditures to explore for, develop and produce oil and natural gas in the U.S. and Canada.  Our customers’ willingness to undertake these activities depends largely upon prevailing industry conditions that are influenced by numerous factors over which we have no control, including:

·   prices, and expectations about future prices, of oil and natural gas;

·   domestic and foreign supply of and demand for oil and natural gas;

·   the cost of exploring for, developing, producing and delivering oil and natural gas;

·   available pipeline, storage and other transportation capacity;

·   availability of qualified personnel and lead times associated with acquiring equipment and products;

·   federal, state and local regulation of oilfield activities;

·   environmental concerns regarding the methods our customers use to extract natural gas;

·   the availability of water resources and the cost of disposal and recycling services; and

·   seasonal limitations on access to work locations.

Anticipated future prices for natural gas and crude oil are a primary factor affecting spending and drilling activity by our customers.  Lower prices or volatility in prices for oil and natural gas typically decrease spending and drilling activity, which can cause rapid and material declines in demand for our services and in the prices we are able to charge for our services.  In addition, should the proposed Keystone XL pipeline project application be denied or further delayed by the federal government, then there may be a slowing of spending in the development of the Canadian oil sands.  Worldwide political, economic, military and terrorist events, as well as natural disasters and other factors beyond our control contribute to oil and natural gas price levels and volatility and are likely to continue to do so in the future.

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Our failure to conduct due diligence effectively or our inability to integrate acquisitions successfully could impede us from realizing all of the anticipated benefits of future acquisitions, which could severely weaken our results of operations.

Historically, we have used acquisitions to help expand our business.  If we fail to conduct due diligence on our potential targets effectively, we may, for example, not identify problems at target companies or fail to recognize incompatibilities or other obstacles to successful integration.  Our inability to successfully integrate future acquisitions could disrupt our business and impede us from realizing all of the anticipated benefits of those acquisitions, severely weakening our business operations and adversely impacting our results of operations.  In addition, the overall integration of two combining companies may result in unanticipated problems, expenses, liabilities, competitive responses, loss of customer relationships, and diversion of management’s attention, and may cause our stock price to decline.  The difficulties of integrating an acquisition include, among others:

·   unanticipated issues in integrating information, communications and other systems;

·   unanticipated incompatibility of logistics, marketing and administration methods;

·   maintaining employee morale and retaining key employees;

·   integrating the business cultures of both companies;

·   preserving important strategic and customer relationships;

·   consolidating corporate and administrative infrastructures and eliminating duplicative operations;

·   the diversion of management’s attention from ongoing business concerns; and

·   integrating geographically separate organizations.

In addition, even if the operations of an acquisition are integrated successfully, we may not realize the full benefits of the acquisition, including the synergies, cost savings, or sales or growth opportunities that we expect.  These benefits may not be achieved within the anticipated time frame, or at all.

Our inability to win or renew government contracts during regulated procurement processes could harm our operations and reduce our profits and revenues.

Revenues from our federal market sector represented 38% of our total revenues for the three ended March 29, 2013.  Government contracts are awarded through a regulated procurement process.  The federal government has relied upon multi-year contracts with pre-established terms and conditions, such as IDCs, that generally require those contractors that have previously been awarded the IDC to engage in an additional competitive bidding process before a task order is issued.  In addition, we believe that there has been an increase in the award of federal contracts based on a low-price, technically acceptable criteria emphasizing price over qualitative factors, such as past performance.  As a result, pricing pressure may reduce our profit margins on future federal contracts.  The increased competition and pricing pressure, in turn, may require us to make sustained efforts to reduce costs in order to realize revenues and profits under government contracts.  If we are not successful in reducing the amount of costs we incur, our profitability on government contracts will be negatively impacted.  In addition, the U.S. government has scaled back outsourcing of some types of services in favor of “insourcing” jobs to its employees.  Also, the Budget Control Act of 2011 imposed federal spending cuts (a large portion of which is defense-related) mandated across the federal budget in fiscal year 2013 and beyond that have resulted in reductions, which could become significant, in the funding for infrastructure, defense and other projects.  Moreover, even if we are qualified to work on a government contract, we may not be awarded the contract because of existing government policies designed to protect small businesses and under-represented minority contractors.  Our inability to win or renew government contracts during regulated procurement processes could harm our operations and reduce our profits and revenues.

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Each year, client funding for some of our government contracts may rely on government appropriations or public-supported financing.  If adequate public funding is delayed or is not available, then our profits and revenues could decline.

Each year, client funding for some of our government contracts may directly or indirectly rely on government appropriations or public-supported financing such as the ARRA, which provides funding for various clients’ state transportation projects.  Legislatures may appropriate funds for a given project on a year-by-year basis, even though the project may take more than one year to perform.  In addition, public-supported financing such as state and local municipal bonds, may be only partially raised to support existing infrastructure projects.  As a result, a project we are currently working on may be only partially funded and thus additional public funding may be required in order to complete our contract.  The Budget Control Act of 2011 imposed federal spending cuts (a large portion of which is defense-related) mandated across the federal budget in fiscal year 2013 and beyond that have resulted in reductions, which could become significant, in the funding for infrastructure, defense and other projects.  Similarly, the impact of the economic downturn on state and local governments may make it more difficult for them to fund infrastructure projects.  In addition to the state of the economy and competing political priorities, public funding and the timing of payment of these funds may also be influenced by, among other things, curtailments in the use of government contractors, a rise in the cost of raw materials, delays associated with a lack of a sufficient number of government staff to oversee contracts, budget constraints, the timing and amount of tax receipts and the overall level of government expenditures.  If adequate public funding is not available or is delayed, then our profits and revenues could decline.

Our government contracts may give government agencies the right to modify, delay, curtail, renegotiate or terminate existing contracts at their convenience at any time prior to their completion, which may result in a decline in our profits and revenues.

Government projects in which we participate as a contractor or subcontractor may extend for several years.  Generally, government contracts include the right for government agencies to modify, delay, curtail, renegotiate or terminate contracts and subcontracts at their convenience any time prior to their completion.  Any decision by a government client to modify, delay, curtail, renegotiate or terminate our contracts at their convenience may result in a decline in our profits and revenues.

A decline in defense or other federal government spending, or a change in budgetary priorities, could reduce our profits and revenues.

Revenues from our federal market sector represented 38% of our total revenues and contracts, of which the DOD and other defense-related clients represented approximately 25% of our total revenues for the three months ended March 29, 2013.  The Budget Control Act of 2011 imposed federal spending cuts (a large portion of which is defense-related) mandated across the federal budget in fiscal year 2013 and beyond that could result in significant reductions in the funding for infrastructure, defense and other projects.  There is also an increase in the award of federal contracts based on a low-price, technically acceptable criteria emphasizing price over qualitative factors, such as past performance.  As a result, pricing pressure may reduce our profit margins on future federal contracts.Future levels of expenditures and authorizations for defense-related or other federal programs, including foreign military commitments, may decrease, remain constant or shift to programs in areas where we do not currently provide services.  As a result, a general decline in defense or other federal spending or a change in budgetary priorities could reduce our profits and revenues.

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If our goodwill or intangible assets become impaired, then our profits will be reduced.

If our goodwill or intangible assets become impaired, then our profits will be reduced.  For example, during the quarter ended September 30, 2011, a decline in our stock price and market capitalization triggered an interim impairment test, which resulted in a goodwill impairment charge of $825.8 million for the year ended December 30, 2011.  Goodwill may be impaired if the estimated fair value of one or more of our reporting units is less than the carrying value of the respective reporting unit.  Because we have grown in part through acquisitions, goodwill and other intangible assets represent a substantial portion of our assets.  Goodwill and other net intangible assets were $3.9 billion as of March 29, 2013.  We perform an analysis on our goodwill balances to test for impairment on an annual basis and whenever events occur that indicate impairment could exist.  There are several instances that may cause us to further test our goodwill for impairment between the annual testing periods including the following:

·   continued deterioration of market and economic conditions that may adversely impact our ability to meet our projected results;

·   declines in our stock price caused by continued volatility in the financial markets that may result in increases in our weighted-average cost of capital or other inputs to our goodwill assessment; and

·   the occurrence of events that may reduce the fair value of a reporting unit below its carrying amount, such as the sale of a significant portion of one or more of our reporting units.

We also perform an analysis of our intangible assets to test for impairment whenever events occur that indicate impairment could exist.  The following are examples of such events:

·   significant adverse changes in the intangible asset’s market value, useful life, or in the business climate that could affect its value;

·   a current-period operating or cash flow loss or a projection or forecast that demonstrates continuing losses associated with the use of the intangible asset; and

·   a current expectation that, more likely than not, the intangible asset will be sold or otherwise disposed of before the end of its previously estimated useful life.

If we are unable to accurately estimate and control our contract costs, then we may incur losses on our contracts, which could decrease our operating margins and reduce our profits.

It is important for us to accurately estimate and control our contract costs so that we can maintain positive operating margins and profitability.  We generally enter into four principal types of contracts with our clients:  cost-plus, fixed-price, target-price and time-and-materials.

Under cost-plus contracts, which may be subject to contract ceiling amounts, we are reimbursed for allowable costs and fees, which may be fixed or performance-based.  If our costs exceed the contract ceiling or are not allowable under the provisions of the contract or any applicable regulations, we may not be reimbursed for all of the costs we incur.  Under fixed-price contracts, we receive a fixed price regardless of what our actual costs will be.  Consequently, we realize a profit on fixed-price contracts only if we can control our costs and prevent cost over-runs on our contracts.  Under target-price contracts, project costs are reimbursable and our fee is established against a target budget that is subject to changes in project circumstances and scope.  Under time-and-materials contracts, we are paid for labor at negotiated hourly billing rates and for other expenses.

If we are unable to accurately estimate and manage our costs, we may incur losses on our contracts, which could decrease our operating margins and significantly reduce or eliminate our profits.  Many of our contracts require us to satisfy specified design, engineering, procurement or construction milestones in order to receive payment for the work completed or equipment or supplies procured prior to achieving the applicable milestone.  As a result, under these types of arrangements, we may incur significant costs or perform significant amounts of work prior to receipt of payment.  If the customer determines not to proceed with the completion of the project or if the customer defaults on its payment obligations, we may encounter difficulties in collecting payment of amounts due to us for the costs previously incurred or for the amounts previously expended to purchase equipment or supplies.

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Our actual business and financial results could differ from the estimates and assumptions that we use to prepare our financial statements, which may reduce our profits.

To prepare financial statements in conformity with GAAP, management is required to make estimates and assumptions, which affect the reported values of assets and liabilities, revenues and expenses, and disclosures of contingent assets and liabilities.  For example, we may recognize revenues over the life of a contract based on the proportion of costs incurred to date compared to the total costs estimated to be incurred for the entire project.  Areas requiring significant estimates by our management include:

·   the application of the percentage-of-completion method of revenue recognition on contracts, change orders and contract claims;

·   provisions for uncollectible receivables and customer claims and recoveries of costs from subcontractors, vendors and others;

·   provisions for income taxes and related valuation allowances;

·   impairment of goodwill and recoverability of other intangible assets;

·   valuation of assets acquired and liabilities assumed in connection with business combinations;

·   valuation of defined benefit pension plans and other employee benefit plans;

·   valuation of stock-based compensation expense; and

·   accruals for estimated liabilities, including litigation and insurance reserves.

Our actual business and financial results could differ from those estimates, which may reduce our profits.

Our profitability could suffer if we are not able to maintain adequate utilization of our workforce.

The cost of providing our services, including the extent to which we utilize our workforce, affects our profitability.  The rate at which we utilize our workforce is affected by a number of factors, including:

·   our ability to transition employees from completed projects to new assignments and to hire and assimilate new employees;

·   our ability to forecast demand for our services and thereby maintain an appropriate headcount in each of our geographies and workforces;

·   our ability to manage attrition;

·   our need to devote time and resources to training, business development, professional development and other non-chargeable activities; and

·   our ability to match the skill sets of our employees to the needs of the marketplace.

If we overutilize our workforce, our employees may become disengaged, which will impact employee attrition.  If we underutilize our workforce, our profit margin and profitability could suffer.

Our use of the percentage-of-completion method of revenue recognition could result in a reduction or reversal of previously recorded revenues and profits.

A substantial portion of our revenues and profits are measured and recognized using the percentage-of-completion method of revenue recognition.  Our use of this accounting method results in recognition of revenues and profits ratably over the life of a contract, based generally on the proportion of costs incurred to date to total costs expected to be incurred for the entire project.  The effects of revisions to revenues and estimated costs are recorded when the amounts are known or can be reasonably estimated.  Such revisions could occur in any period and their effects could be material.  Although we have historically made reasonably reliable estimates of the progress towards completion of long-term engineering, program management, construction management or construction contracts, the uncertainties inherent in the estimating process make it possible for actual costs to vary materially from estimates, including reductions or reversals of previously recorded revenues and profits.

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Our failure to successfully bid on new contracts and renew existing contracts could reduce our profits.

Our business depends on our ability to successfully bid on new contracts and renew existing contracts with private and public sector clients.  Contract proposals and negotiations are complex and frequently involve a lengthy bidding and selection process, which are affected by a number of factors, such as market conditions, financing arrangements and required governmental approvals.  For example, a client may require us to provide a surety bond or letter of credit to protect the client should we fail to perform under the terms of the contract.  If negative market conditions arise, or if we fail to secure adequate financial arrangements or the required governmental approval, we may not be able to pursue particular projects, which could adversely reduce or eliminate our profitability.

If we fail to timely complete, miss a required performance standard or otherwise fail to adequately perform on a project, then we may incur a loss on that project, which may reduce or eliminate our overall profitability and harm our reputation.

We may commit to a client that we will complete a project by a scheduled date.  We may also commit that a project, when completed, will achieve specified performance standards.  If the project is not completed by the scheduled date or fails to meet required performance standards, we may either incur significant additional costs or be held responsible for the costs incurred by the client to rectify damages due to late completion or failure to achieve the required performance standards.  In addition, performance of projects can be affected by a number of factors beyond our control, including unavoidable delays from governmental inaction, public opposition, inability to obtain financing, weather conditions, unavailability of vendor materials, changes in the project scope of services requested by our clients, industrial accidents, environmental hazards, labor disruptions and other factors.  In some cases, should we fail to meet required performance standards, we may also be subject to agreed-upon financial and liquidated damages, which are determined by the contract.  To the extent that these events occur, the total costs of the project could exceed our estimates and we could experience reduced profits or, in some cases, incur a loss on a project, which may reduce or eliminate our overall profitability.  Failure to meet performance standards or complete performance on a timely basis could also adversely affect our reputation.

If our partners fail to perform their contractual obligations on a project, we could be exposed to joint and several liability and other obligations that could reduce our profits and revenues.

We often partner with unaffiliated third parties, individually or via a joint venture, to jointly bid on and perform a particular project.  For example, for the three months ended March 29, 2013, our equity in income of unconsolidated joint ventures amounted to $24.1 million.  The success of our partnerships and joint ventures depends, in large part, on the satisfactory performance of contractual obligations by each member.  In addition, when we operate through a joint venture in which we are a minority holder, we have limited control over many project decisions, including decisions related to the joint venture’s internal controls, which may not be subject to the same internal control procedures that we employ.  If these unaffiliated third parties do not fulfill their contract obligations, the partnerships or joint ventures may be unable to adequately perform and deliver their contracted services.  Under these circumstances, we may have to provide additional services to ensure the adequate performance and delivery of the contracted services and could be jointly and severally liable for the other party’s actions.  These additional obligations could result in reduced profits and revenues or, in some cases, significant losses for us with respect to the joint venture, which could also affect our reputation in the industries we serve.

Our dependence on third-party subcontractors and equipment and material providers could reduce our profits or result in project losses.

We rely on third-party subcontractors and equipment and material providers.  For example, we procure heavy equipment and construction materials as needed when performing large construction and contract mining projects.  To the extent that we cannot engage subcontractors or acquire equipment and materials at reasonable costs or if the amount we are required to pay exceeds our estimates, our ability to complete a project in a timely fashion or at a profit may be impaired.  In addition, if a subcontractor or a manufacturer is unable to deliver its services, equipment or materials according to the negotiated terms for any reason, including the deterioration of its financial condition, we may be required to purchase the services, equipment or materials from another source at a higher price.  This may reduce the profit to be realized or result in a loss on a project for which the services, equipment or materials are needed.

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If we experience delays and/or defaults in client payments, we could suffer liquidity problems or we may be unable to recover all working capital or equity investments.

Because of the nature of our contracts, at times we may commit resources to a client’s projects before receiving payments to cover our expenditures.  Sometimes, we incur and record expenditures for a client project before receiving any payment to cover our expenses.  In addition, we may make equity investments in majority or minority controlled large-scale client projects and other long-term capital projects before the project completes operational status or completes its project financing.  If a client delays or defaults in making its payments on a project, it could have an adverse effect on our financial position and cash flows, and we could incur losses, including losses in our working capital or equity investments.

Our failure to adequately recover on claims brought by us against project owners for additional contract costs could have a negative impact on our liquidity and profitability.

We have brought claims against project owners for additional costs exceeding the contract price or for amounts not included in the original contract price.  These types of claims occur due to matters such as owner-caused delays or changes from the initial project scope, both of which may result in additional cost.  Often, these claims can be the subject of lengthy arbitration or litigation proceedings, and it is difficult to accurately predict when these claims will be fully resolved.  When these types of events occur and unresolved claims are pending, we have used working capital in projects to cover cost overruns pending the resolution of the relevant claims.  A failure to promptly recover on these types of claims could have a negative impact on our liquidity and profitability.

Maintaining adequate bonding capacity is necessary for us to successfully bid on and win fixed-price contracts.

In line with industry practice, we are often required to provide performance or payment bonds to clients under fixed-price contracts.  These bonds indemnify the client should we fail to perform our obligations under the contract.  If a bond is required for a particular project and we are unable to obtain an appropriate bond, we cannot pursue that project.  We have bonding capacity but, as is typically the case, the issuance of a bond is at the surety’s sole discretion.  Moreover, due to events that affect the insurance and bonding markets generally, bonding may be more difficult to obtain in the future or may only be available at significantly higher costs.  There can be no assurance that our bonding capacity will continue to be available to us on reasonable terms.  Our inability to obtain adequate bonding and, as a result, to bid on new fixed-price contracts could have a material adverse effect on our business, financial condition, results of operations and cash flows.

Our project sites are inherently dangerous workplaces.  Failure to maintain safe work sites and equipment could result in environmental disasters, employee deaths or injuries, reduced profitability, the loss of projects or clients and possible exposure to litigation.

Our project sites often put our employees and others in close proximity with mechanized equipment, moving vehicles, chemical and manufacturing processes, and highly regulated materials.  For example, our Oil & Gas Division provides oilfield services on project sites that could result in uncontrolled flows of oil, gas, or well fluids, fires, spills and explosions.  On many sites, we are responsible for safety and, accordingly, must implement safety procedures.  If we fail to implement these procedures or if the procedures we implement are ineffective, we may suffer the loss of or injury to our employees, as well as expose ourselves to possible litigation.  As a result, our failure to maintain adequate safety standards and equipment could result in reduced profitability or the loss of projects or clients, and could have a material adverse impact on our business, financial condition, and results of operations.

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Changes in environmental, defense, or infrastructure industry laws could directly or indirectly reduce the demand for our services, which could in turn negatively impact our revenues.

Some of our services are directly or indirectly impacted by changes in federal, state, local or foreign laws and regulations pertaining to the environmental, defense or infrastructure industries.  Proposed climate change and greenhouse gas regulations, if adopted, could impact the services we provide to our clients, including services related to fossil fuel and industrial projects.  Relaxation or repeal of laws and regulations, or changes in governmental policies regarding the environmental, defense or infrastructure industries could result in a decline in demand for our services, which could in turn negatively impact our revenues.

If we do not have adequate indemnification for our services related to nuclear materials, it could adversely affect our business and financial condition.

We provide services to the DOE relating to its nuclear weapons facilities and the nuclear energy industry in the ongoing maintenance and modification, as well as the decontamination and decommissioning, of its nuclear energy plants.  Indemnification provisions under the Price-Anderson Act (“PAA”) available to nuclear energy plant operators and DOE contractors, do not apply to all liabilities that we might incur while performing services as a radioactive materials cleanup contractor for the DOE and the nuclear energy industry.  If the PAA’s indemnification protection does not apply to our services or if our exposure occurs outside the U.S., our business and financial condition could be adversely affected either by our client’s refusal to retain us, by our inability to obtain commercially adequate insurance and indemnification, or by potentially significant monetary damages we may incur.

If our reports and opinions are not in compliance with professional standards and other regulations, we could be subject to monetary damages and penalties.

We issue reports and opinions to clients based on our professional engineering expertise, as well as our other professional credentials.  Our reports and opinions may need to comply with professional standards, licensing requirements, securities regulations and other laws and rules governing the performance of professional services in the jurisdiction where the services are performed.  In addition, we could be liable to third parties who use or rely upon our reports or opinions even if we are not contractually bound to those third parties.  For example, if we deliver an inaccurate report or one that is not in compliance with the relevant standards, and that report is made available to a third party, we could be subject to third-party liability, resulting in monetary damages and penalties.

Our overall market share and profits will decline if we are unable to compete successfully in our industry.

Our industry is highly fragmented and intensely competitive.  For example, according to the publication Engineering News-Record, based on voluntarily reported information, the top ten U.S. engineering design firms accounted for approximately only 43% of the total top 500 U.S. design firm revenues in 2012.  The top 25 U.S. contractors accounted for approximately 48% of the top 400 U.S. contractors’ total revenues in 2011, as reported by the Engineering News-Record.  Our competitors are numerous, ranging from small private firms to multi-billion dollar companies.  In addition, the technical and professional aspects of some of our services generally do not require large upfront capital expenditures and provide limited barriers against new competitors.

Some of our competitors have achieved greater market penetration in some of the markets in which we compete and have substantially more financial resources and/or financial flexibility than we do.  As a result of the number of competitors in the industry, our clients may select one of our competitors on a project due to competitive pricing or a specific skill set.  If we are unable to maintain our competitiveness, our market share, revenues and profits will decline.  If we are unable to meet these competitive challenges, we could lose market share to our competitors and experience an overall reduction in our profits.

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Our failure to attract and retain key employees could impair our ability to provide services to our clients and otherwise conduct our business effectively.

As a professional and technical services company, we are labor intensive, and, therefore, our ability to attract, retain and expand the number of key employees is an important factor in determining our future success.  From time to time, it may be difficult to attract and retain qualified individuals with the expertise and in the timeframe demanded by our clients.  For example, some of our government contracts may require us to employ only individuals who have particular government security clearance levels.  We may occasionally enter into contracts before we have hired or retained appropriate staffing for that project.  In addition, we rely heavily upon the expertise and leadership of our senior management.  If we are unable to retain executives and other key personnel, the roles and responsibilities of those employees will need to be filled, which may require that we devote time and resources to identify, hire and integrate new employees.  In addition, the failure to attract and retain key individuals could impair our ability to provide services to our clients and conduct our business effectively.

We may be required to contribute additional cash to meet any underfunded benefit obligations associated with retirement and post-retirement benefit plans we manage or multiemployer pension plans we participate in.

We have various employee benefit plan obligations that require us to make contributions to satisfy, over time, our underfunded benefit obligations, which are generally determined by calculating the projected benefit obligations minus the fair value of plan assets.  For example, as of December 28, 2012, our defined benefit pension and post-retirement benefit plans were projected to be underfunded by $324.8 million.  See Note 14, “Employee Retirement and Post-Retirement Benefit Plans,” to our “Consolidated Financial Statements and Supplementary Data” included under Item 8 of our Annual Report on Form 10-K for additional disclosure.  This amount does not include any potential obligations we may owe under various third-party multiemployer plans.  In the future, our benefit plan obligations may increase or decrease depending on changes in the levels of interest rates, pension plan asset performance and other factors.  If we are required to contribute a significant amount of the deficit for underfunded benefit plans, our cash flows could be materially and adversely affected.

A multiemployer pension plan is typically established under a collective bargaining agreement with a union to cover the union-represented workers of various unrelated companies.  Our collective bargaining agreements with unions typically require us to contribute to various multiemployer pension plans; however, we do not control or manage these plans.  For the year ended December 28, 2012, we contributed $48.2 million to multiemployer pension plans.  Under the Employee Retirement Income Security Act, an employer who contributes to a multiemployer pension plan, absent an applicable exemption, may also be liable, upon termination or withdrawal from the plan, for its proportionate share of the multiemployer pension plan’s unfunded vested benefit.  If we terminate or withdraw from a multiemployer plan, absent an applicable exemption (such as for some plans in the building and construction industry), we could be required to contribute a significant amount of cash to fund the multiemployer plan’s unfunded vested benefit, which could materially and adversely affect our financial results; however, since we do not control the multiemployer plans, we are unable to estimate any potential contributions that could be required.

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Our outstanding indebtedness could adversely affect our liquidity, cash flows and financial condition.

As of March 29, 2013, the outstanding balance of the term loan under our 2011 Credit Facility was $670.0 million.  We had an outstanding balance of $119.0 million under our revolving line of credit as of March 29, 2013.  In addition, in March 2012, we issued $1.0 billion of Senior Notes in connection with the acquisition of Flint.  As part of the acquisition, we also guaranteed Canadian Notes (previously issued by Flint) with outstanding face values of $172.1 million maturing on June 15, 2019, accruing interest at a rate of 7.5% per annum and payable semi-annually.  This level of debt might:

·   increase our vulnerability to, and limit flexibility in planning for, adverse economic and industry conditions;

·   adversely affect our ability to obtain surety bonds;

·   affect our credit rating;

·   limit our ability to obtain additional financing to fund future working capital, capital expenditures, additional acquisitions and other general corporate initiatives; and

·   limit our ability to apply proceeds from an asset sale to purposes other than the servicing and repayment of debt.

We may not be able to generate or borrow enough cash to service our indebtedness, which could result in bankruptcy or otherwise impair our ability to maintain sufficient liquidity to continue our operations.

We rely primarily on our ability to generate cash from operations to service our indebtedness in the future.  If we do not generate sufficient cash flows to meet our debt service and working capital requirements, we may need to seek additional financing.  If we are unable to obtain financing on terms that are acceptable to us, we could be forced to sell our assets or those of our subsidiaries to make up for any shortfall in our payment obligations under unfavorable circumstances.  Our 2011 Credit Facility limits our ability to sell assets and also restricts our use of the proceeds from any such sale.  If we default on our debt obligations, our lenders could require immediate repayment of our entire outstanding debt.  If our lenders require immediate repayment on the entire principal amount, we will not be able to repay them in full, and our inability to meet our debt obligations could result in bankruptcy or otherwise impair our ability to maintain sufficient liquidity to continue our operations.

Because URS Corporation, the parent company, is a holding company, we may not be able to service our debt if our subsidiaries do not make sufficient distributions to us.

Our parent company has no direct operations and no significant assets other than investments in the stock of our subsidiaries.  Because we conduct our business operations through our operating subsidiaries, we depend on those entities for payments and dividends to generate the funds necessary to meet our financial obligations.  Although there are currently no material legal restrictions on our operating subsidiaries’ ability to distribute assets to us, legal restrictions, including governmental regulations and contractual obligations, could restrict or impair our operating subsidiaries’ ability to pay dividends or make loans or other distributions to us in the future.  Legal restrictions, including state and local tax regulations and other contractual obligations could restrict or impair our subsidiaries’ ability to pay dividends or make loans or other distributions to us.  The earnings from, or other available assets of, these operating subsidiaries may not be sufficient to make distributions to enable us to pay interest on our debt obligations when due or to pay the principal of such debt at maturity.

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Restrictive covenants and other restrictions in our credit and debt arrangements may restrict our ability to pursue business strategies.

Our 2011 Credit Facility, Senior Notes, Canadian Notes, and our other outstanding indebtedness include covenants and restrictions potentially limiting our ability to, among other things:

·   incur additional indebtedness;

·   declare or pay dividends to our stockholders;

·   repurchase or redeem our stock;

·   repay indebtedness that is junior to our 2011 Credit Facility;

·   make investments and other restricted payments;

·   create liens securing debt or other encumbrances on our assets;

·   enter into sale-leaseback transactions;

·   enter into transactions with our stockholders and affiliates; and

·   sell or exchange assets.

Our 2011 Credit Facility also requires that we maintain various financial ratios, which we may not be able to achieve.  The covenants may impair our ability to finance future operations or capital needs or to engage in other favorable business activities.

Our international operations are subject to a number of risks that could significantly reduce our profits and revenues or subject us to criminal and civil enforcement actions.

As a multinational company, we derived approximately 27% of our revenues from international operations for the three months ended March 29, 2013.  International business is subject to a variety of potential risks, including:

·   lack of developed legal systems to enforce contractual rights;

·   greater risk of uncollectible accounts and longer collection cycles;

·   foreign currency exchange volatility;

·   uncertain and changing tax rules, regulations and rates;

·   logistical and communication challenges;

·   potentially adverse changes in laws and regulatory practices;

·   changes in labor conditions;

·   general economic, political and financial conditions in foreign markets; and

·   exposure to civil or criminal liability under the Foreign Corrupt Practices Act, the U.K. Bribery Act, the Canadian Corruption of Foreign Public Officials Act, the Corporate Manslaughter and Corporate Homicide Act, the anti-boycott rules, trade and export control regulations, as well as other international regulations.

International risks and violations of international regulations may significantly reduce our profits and revenues and subject us to criminal or civil enforcement actions, including fines, suspensions or disqualification from future U.S. federal procurement contracting.  Although we have policies and procedures to monitor legal and regulatory compliance, our employees, subcontractors and agents could take actions that violate these requirements.  As a result, our international risk exposure may be more or less than the percentage of revenues attributed to our international operations.

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We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act of 2010 and similar worldwide anti-bribery laws.

The U.S. Foreign Corrupt Practices Act and similar anti-bribery laws generally prohibit companies and their intermediaries from making improper payments to foreign government officials for the purpose of obtaining or retaining business.  The U.K. Bribery Act of 2010 prohibits both domestic and international bribery, as well as bribery across both private and public sectors.  In addition, an organization that “fails to prevent bribery” by anyone associated with the organization can be charged under the U.K. Bribery Act unless the organization can establish the defense of having implemented “adequate procedures” to prevent bribery.  Our policies mandate compliance with these anti-bribery laws, and we have established policies and procedures designed to monitor compliance with these anti-bribery law requirements; however, we cannot ensure that our policies and procedures will protect us from potential reckless or criminal acts committed by individual employees or agents.  If we are found to be liable for anti-bribery law violations, we could suffer from criminal or civil penalties or other sanctions that could have a material adverse effect on our business.

We could be adversely impacted if we fail to comply with domestic and international export laws.

To the extent we export technical services, data and products outside of the U.S., we are subject to U.S. and international laws and regulations governing international trade and exports, including but not limited to the International Traffic in Arms Regulations, the Export Administration Regulations and trade sanctions against embargoed countries.  A failure to comply with these laws and regulations could result in civil or criminal sanctions, including the imposition of fines, the denial of export privileges and suspension or debarment from participation in U.S. government contracts, which could have a material adverse effect on our business.

Our international operations may require our employees to travel to and work in high security risk countries, which may result in employee death or injury, repatriation costs or other unforeseen costs.

As a multinational company, some of our employees often travel to and work in high security risk countries around the world that are undergoing political, social and economic upheavals resulting in war, civil unrest, criminal activity, acts of terrorism, or public health crises.  For example, we have employees working in high security risk countries located in the Middle East and Southwest Asia.  As a result, we risk loss of or injury to our employees and may be subject to costs related to employee death or injury, repatriation or other unforeseen circumstances.

We develop, install and maintain IT systems for ourselves, as well as for various customers.  Any breach of security, disruption, or unexpected data or vendor loss could result in business interruptions, remediation costs, legal claims and significant damage to our reputation.

We develop, install and maintain IT systems for ourselves, as well as for customers.  For example, our June 2011 acquisition of Apptis Holdings, Inc. significantly increased our network management, software engineering, and information technology infrastructure design services to the DOD and other federal agencies.  Client contracts for the performance of IT services, as well as various privacy and securities laws, require us to manage and protect sensitive and confidential information from disclosure.  We also need to protect our own internal trade secrets and other business confidential information from disclosure.  Regardless of the countermeasures we may establish, we may be subject to network, software or hardware failures, whether caused by us, third-party service providers, intruders or hackers, computer viruses, natural disasters, power shortages or terrorist attacks.  Any breach of security, disruption or unexpected data loss could result in business interruptions, remediation costs, legal claims and significant damage to our reputation.

We also rely on third-party internal and outsourced software to run our critical accounting, project management and financial information systems.  For example, we rely on one software vendor’s products to process a majority of our total revenues.  We also depend on our software vendors to provide long-term software maintenance support for our information systems.  Software vendors may decide to discontinue further development, integration or long-term software maintenance support for our information systems, in which case we may need to abandon one or more of our current information systems and migrate some or all of our accounting, project management and financial information to other systems, thus increasing our operational expense, as well as disrupting the management of our business operations.

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Force majeure events, including disasters and terrorists’ actions, have negatively impacted and could further negatively impact our business, which may affect our financial condition, results of operations or cash flows.

Force majeure or extraordinary events beyond the control of the contracting parties, such as natural and man-made disasters, as well as terrorist actions, could negatively impact the economies in which we operate.  For example, in 2012, Superstorm Sandy caused severe floods on the East Coast, closing several offices and interrupting a number of active client projects.  In addition, during the September 11, 2001 terrorist attacks, a number of employees lost their lives and many client records were destroyed when our office at the World Trade Center was destroyed.

We typically remain obligated to perform our services after such extraordinary events unless the contract contains a force majeure clause relieving us of our contractual obligations in such an extraordinary event.  If we are not able to react quickly to force majeure events, our operations may be affected significantly, which would have a negative impact on our financial condition, results of operations and/or cash flows.

Negotiations with labor unions and possible work actions could divert management attention and disrupt operations.  In addition, new collective bargaining agreements or amendments to agreements could increase our labor costs and operating expenses.

As of March 29, 2013, approximately 25% of our employees were covered by collective bargaining agreements.  The outcome of any future negotiations relating to union representation or collective bargaining agreements may not be favorable to us.  We may reach agreements in collective bargaining that increase our operating expenses and lower our net income as a result of higher wages or benefit expenses.  In addition, negotiations with unions could divert management attention and disrupt operations, which may adversely affect our results of operations.  If we are unable to negotiate acceptable collective bargaining agreements, we may have to address the threat of union-initiated work actions, including strikes.  Depending on the nature of the threat or the type and duration of any work action, these actions could disrupt our operations and adversely affect our operating results.

We have a limited ability to protect our intellectual property rights, which are important to our success.  Our failure to protect our intellectual property rights could adversely affect our competitive position.

Our success depends, in part, upon our ability to protect our proprietary information and other intellectual property.  We rely principally on a combination of trademark, copyright, trade secrets, confidentiality policies and other contractual arrangements to protect much of our intellectual property.  Trade secrets are generally difficult to protect.  Although our employees are subject to confidentiality obligations, this protection may be inadequate to deter or prevent misappropriation of our confidential information.  In addition, we may be unable to detect unauthorized use of our intellectual property or otherwise take appropriate steps to enforce our rights.  Failure to obtain or maintain our intellectual property rights would adversely affect our competitive business position.  In addition, if we are unable to prevent third parties from infringing or misappropriating our intellectual property, our competitive position could be adversely affected.

Delaware law and our charter documents may impede or discourage a merger, takeover or other business combination even if the business combination would have been in the best interests of our stockholders.

We are a Delaware corporation and the anti-takeover provisions of Delaware law impose various impediments to the ability of a third party to acquire control of us, even if a change in control would be beneficial to our stockholders.  In addition, our Board of Directors has the power, without stockholder approval, to designate the terms of one or more series of preferred stock and issue shares of preferred stock, which could be used defensively if a takeover is threatened.  Our incorporation under Delaware law, the ability of our Board of Directors to create and issue a new series of preferred stock and provisions in our certificate of incorporation and bylaws, such as those relating to advance notice of certain stockholder proposals and nominations, could impede a merger, takeover or other business combination involving us or discourage a potential acquirer from making a tender offer for our common stock, even if the business combination would have been in the best interests of our current stockholders.

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Our stock price could become more volatile and stockholders’ investments could lose value.

In addition to the macroeconomic factors that have recently affected the prices of many securities generally, all of the factors discussed in this section could affect our stock price.  The timing of announcements in the public markets regarding new services or potential problems with the performance of services by us or our competitors or any other material announcements could affect our stock price.  Speculation in the media and analyst community, changes in recommendations or earnings estimates by financial analysts, changes in investors’ or analysts’ valuation measures for our stock and market trends unrelated to our stock can cause the price of our stock to change.  Continued volatility in the financial markets could also cause declines in our stock price, which could trigger an impairment of the goodwill of our individual reporting units that could be material to our consolidated financial statements.  A significant drop in the price of our stock could also expose us to the risk of securities class action lawsuits, which could result in substantial costs and divert managements’ attention and resources, which could adversely affect our business.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

The following table sets forth all purchases made by us or by any “affiliated purchaser” as defined in Rule 10b-18(a)(3) of the Securities Exchange Act of 1934, as amended, of our common shares during the three monthly periods that compose our first quarter of 2013:

	(a) Total Number of Shares Purchased (1,2)			(b) Average Price Paid per Share			(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)		(d) Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs (2)
	(In millions, except average price paid per share)
December 29, 2012 – January 25, 2013		—	†		$	40.69		—		6.0
January 26, 2013 – February 22, 2013		—				—		—		6.0
February 23, 2013 – March 29, 2013		1.1				42.96		1.0		5.0
Total		1.1						1.0

(1)   Reflects purchases of shares previously issued pursuant to awards issued under our equity incentive plans, which allow our employees to surrender shares of our common stock as payment toward the exercise cost and tax withholding obligations associated with the exercise of stock options or the vesting of restricted or deferred stock.

(2)   For fiscal years 2012, 2013 and 2014, the number of shares authorized for repurchase under the program are 3.0 million shares, plus the number of shares equal to the difference between the number of shares authorized to be purchased in the prior year and the actual number of shares repurchased during the prior year, not to exceed 6.0 million shares in aggregate.  The repurchase program will expire at the end of our 2014 fiscal year.

† Represents less than half a million shares.

Our 2011 Credit Facility permits unlimited dividend payments and stock repurchases if no default has occurred and our Consolidated Leverage Ratio is equal to or lesser than 1.50:1.00.  However, if no default has occurred and the Consolidated Leverage Ratio is above the threshold, then our dividend payments and stock repurchases are limited to $150 million per fiscal year and the sum of 50% of our cumulative net income and net cash proceeds from the issuance of equity securities to third parties after October 19, 2011.

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ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.  MINE SAFETY DISCLOSURE

Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) requires domestic mine operators to disclose violations and orders issued under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”) by the federal Mine Safety and Health Administration.  We do not act as the owner of any mines, but we may act as a mining operator as defined under the Mine Act where we may be a lessee of a mine, a person who operates, controls or supervises such mine, or an independent contractor performing services or construction of such mine.

Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in Exhibit 95.

ITEM 5.  OTHER INFORMATION

None.

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ITEM 6.  EXHIBITS

a)   Exhibits

		Incorporated by Reference
Exhibit				Filing	Filed
Number	Exhibit Description	Form	Exhibit	Date	Herewith
3.1	Restated Certificate of Incorporation of URS Corporation, as filed with the Secretary of State of Delaware on September 9, 2008.	8-K	3.01	9/11/2008
3.2	Bylaws of URS Corporation as amended on February 26, 2010.	10-Q	3.02	5/12/2010
10.1*	URS Corporation Restated Incentive Compensation Plan 2013 Plan Year Summary.	8-K	10.1	4/2/2013
10.2*	Form of 2008 Equity Incentive Plan Restricted Stock Unit Award Grant Notice and Agreement – Time-Based Vesting.	8-K	10.2	4/2/2013
10.3*	Form of 2008 Equity Incentive Plan Restricted Stock Unit Award Grant Notice and Agreement – Time-Based Vesting (Canadian Residents).	8-K	10.3	4/2/2013
10.4*	Form of 2008 Equity Incentive Plan Restricted Stock Unit Award Grant Notice and Agreement – Time- and Performance-Based Vesting.	8-K	10.4	4/2/2013
10.5*	Form of 2008 Equity Incentive Plan Restricted Stock Unit Award Grant Notice and Agreement – Time- and Performance-Based Vesting (Canadian Residents).	8-K	10.5	4/2/2013
10.6*	Form of 2008 Equity Incentive Plan Restricted Stock Unit Award Grant Notice and Agreement – Transition Award.	8-K	10.6	4/2/2013
10.7*	Form of 2008 Equity Incentive Plan Restricted Stock Unit Award Grant Notice and Agreement – Transition Award (Canadian Residents).	8-K	10.7	4/2/2013
10.8*	URS Corporation Amendment and Restatement of 2008 Equity Incentive Plan.	DEF 14A	Appendix A	4/15/2013
10.9*	Description of Base Salary, 2013 Performance Metrics and Target Bonuses.	8-K		4/2/2013
31.1	Certification of URS Corporation’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of URS Corporation’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32**	Certification of URS Corporation’s Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
95	Mine Safety Disclosure				X
101.INS#	XBRL Instance Document.				X
101.SCH#	XBRL Taxonomy Extension Schema Document.				X
101.CAL#	XBRL Taxonomy Extension Calculation Linkbase Document.				X
101.LAB#	XBRL Taxonomy Extension Label Linkbase Document.				X
101.PRE#	XBRL Taxonomy Extension Presentation Linkbase Document.				X
101.DEF#	XBRL Taxonomy Extension Definition Linkbase Document.				X

* Represents a management contract or compensatory plan or arrangement.

** Document has been furnished and not filed and not to be incorporated into any of our filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, irrespective of any general incorporation language included in any such filing.

# Pursuant to Rule 406T of Regulation S-T, these interactive data files i) are not deemed filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, irrespective of any general incorporation language included in any such filings, and otherwise are not subject to liability under these sections; and ii) are deemed to have complied with Rule 405 of Regulation S-T (“Rule 405”) and are not subject to liability under the anti-fraud provisions of the Section 17(a)(1) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 or under any other liability provision if we have made a good faith attempt to comply with Rule 405 and, after we become aware that the interactive data files fail to comply with Rule 405, we promptly amend the interactive data files.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	URS CORPORATION
Dated:  May 7, 2013	By:	/s/ Reed N. Brimhall
		Reed N. Brimhall
		Vice President and Chief Accounting Officer

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Exhibit No.	Description
31.1	Certification of URS Corporation’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of URS Corporation’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certification of URS Corporation’s Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
95	Mine Safety Disclosure
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.

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EX-31.1

EXHIBIT 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATE

I, Martin M. Koffel, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of URS Corporation;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated:  May 7, 2013	By:	/s/ Martin M. Koffel
		Martin M. Koffel
		Chief Executive Officer

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EX-31.2

EXHIBIT 31.2

CHIEF FINANCIAL OFFICER CERTIFICATE

I, H. Thomas Hicks, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of URS Corporation;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)   Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated:  May 7, 2013	By:	/s/ H. Thomas Hicks
		H. Thomas Hicks
		Chief Financial Officer

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EX-32

EXHIBIT 32

CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION*

Pursuant to the requirement set forth in Rule 13a-14(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. §1350), Martin M. Koffel, the Chief Executive Officer of URS Corporation (the “Company”), and H. Thomas Hicks, the Chief Financial Officer of the Company, each hereby certifies that, to the best of his knowledge:

1.   The Company’s Quarterly Report on Form 10-Q for the period ended March 29, 2013, to which this Certification is attached as Exhibit 32, fully complies with the requirements of Section 13(a) or Section 15(d) of the Exchange Act, and

2.   The information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:  May 7, 2013	By:	/s/ Martin M. Koffel
		Martin M. Koffel
		Chief Executive Officer

Dated:  May 7, 2013	By:	/s/ H. Thomas Hicks
		H. Thomas Hicks
		Chief Financial Officer

* This certification accompanies the Form 10-Q to which it relates, is not deemed “filed” with the Securities and Exchange Commission and is not to be or incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of the Form 10-Q and irrespective of any general incorporation language contained in such filing.

i

EX-95

EXHIBIT 95

Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires domestic mine operators to disclose violations and orders issued under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”) by the federal Mine Safety and Health Administration (“MSHA”).  We do not act as the owner of any mines but we may act as a mining operator as defined under the Mine Act where we may be a lessee of a mine, a person who operates, controls or supervises such mine, or as an independent contractor performing services or construction of such mine.

The following table provides information for the three months ended March 29, 2013.

Mine (1)	Mine Act §104 Violations (2)	Mine Act §104(b) Orders (3)	Mine Act §104(d) Citations and Orders (4)	Mine Act §110(b)(2) Violations (5)	Mine Act §107(a) Orders (6)	Proposed Assessments from MSHA (In dollars ($))		Mining Related Fatalities	Mine Act §104(e) Notice (yes/no) (7)	Pending Legal Action before Federal Mine Safety and Health Review Commission (yes/no) (8)
Black Thunder Project	0	0	0	0	0	$	0	0	No	No
Monsanto Quarry	0	0	0	0	0	$	0	0	No	No
Pipestone Quarry	0	0	0	0	0	$	0	0	No	Yes
Morenci Mine	0	0	0	0	0	$	0	0	No	No
Questa Mine	0	0	0	0	0	$	0	0	No	No

(1)   United States mines.

(2)   The total number of violations received from MSHA under §104 of the Mine Act, which includes citations for health or safety standards that could significantly and substantially contribute to a serious injury if left unabated.

(3)   The total number of orders issued by MSHA under §104(b) of the Mine Act, which represents a failure to abate a citation under §104(a) within the period of time prescribed by MSHA.

(4)   The total number of citations and orders issued by MSHA under §104(d) of the Mine Act for unwarrantable failure to comply with mandatory health or safety standards.

(5)   The total number of flagrant violations issued by MSHA under §110(b)(2) of the Mine Act.

(6)   The total number of orders issued by MSHA under §107(a) of the Mine Act for situations in which MSHA determined an imminent danger existed.

(7)   A written notice from the MSHA regarding a pattern of violations, or a potential to have such pattern under §104(e) of the Mine Act.

(8)   The following Pending Legal Action Table provides information for the three months ended March 29, 2013.

Mine	Number Pending Legal Actions		Contests of Penalty Assessments		Legal Action Initiated		Legal Action Resolved
Black Thunder Project		0		0		0		0
Monsanto Quarry		0		0		0		0
Pipestone Quarry		1		1		0		0
Morenci Mine		0		0		0		0
Questa Mine		0		0		0		0

i

XML

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (TABLES)

3 Months Ended

12 Months Ended

Mar. 29, 2013

Mar. 30, 2012

Dec. 28, 2012

Condensed consolidating financial information [Abstract]

Schedule of condensed balance sheet [Table Text Block]

						CONDENSED CONSOLIDATING BALANCE SHEETS – UNAUDITED
						As of March 29, 2013
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
ASSETS
Current assets:
	Cash and cash equivalents					$	49.0	$	—	$	13.0	$	226.9	$	(40.1)	$	248.8
	Accounts receivable, including retentions						—		—		828.7		724.2		(30.7)		1,522.2
	Costs and accrued earnings in excess of billings on contracts						—		—		765.3		565.2		(3.8)		1,326.7
	Less receivable allowances						—		—		(30.0)		(37.8)		—		(67.8)
		Net accounts receivable					—		—		1,564.0		1,251.6		(34.5)		2,781.1
	Intercompany accounts receivable						1,757.1		25.1		3,944.1		1,289.4		(7,015.7)		—
	Deferred tax assets						7.8		—		64.8		1.0		—		73.6
	Inventory						—		—		4.8		55.3		—		60.1
	Other current assets						35.0		—		78.6		94.0		(20.7)		186.9
			Total current assets				1,848.9		25.1		5,669.3		2,918.2		(7,111.0)		3,350.5
Investments in and advances to subsidiaries and unconsolidated joint ventures							5,435.5		28.4		1,746.0		256.3		(7,194.0)		272.2
Property and equipment at cost, net							29.7		—		159.0		491.8		—		680.5
Intangible assets, net							0.2		—		214.5		440.8		—		655.5
Goodwill							—		—		1,778.7		1,451.2		—		3,229.9
Other long-term assets							21.5		—		337.0		81.6		(4.7)		435.4
					Total assets	$	7,335.8	$	53.5	$	9,904.5	$	5,639.9	$	(14,309.7)	$	8,624.0
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	32.6	$	—	$	9.9	$	40.5	$	—	$	83.0
	Accounts payable and subcontractors payable, including retentions						4.3		—		344.9		371.3		(39.8)		680.7
	Accrued salaries and employee benefits						33.3		—		338.2		163.7		—		535.2
	Billings in excess of costs and accrued earnings on contracts						—		—		147.0		117.4		(0.2)		264.2
	Intercompany accounts payable						3,107.7		6.7		2,804.5		1,096.8		(7,015.7)		—
	Short-term intercompany notes payable						14.3		—		20.2		21.6		(56.1)		—
	Other current liabilities						101.8		16.8		128.0		78.5		(65.6)		259.5
			Total current liabilities				3,294.0		23.5		3,792.7		1,889.8		(7,177.4)		1,822.6
Long-term debt							1,001.7		699.6		16.8		284.3		—		2,002.4
Deferred tax liabilities							—		—		251.3		82.9		(4.7)		329.5
Self-insurance reserves							—		—		17.6		115.5		—		133.1
Pension and post-retirement benefit obligations							—		—		181.1		107.4		—		288.5
Long-term intercompany notes payable							—		—		564.3		1,267.3		(1,831.6)		—
Other long-term liabilities							3.1		—		238.0		50.0		—		291.1
				Total liabilities			4,298.8		723.1		5,061.8		3,797.2		(9,013.7)		4,867.2
URS stockholders' equity							3,616.6		11.2		5,435.5		1,737.2		(7,183.9)		3,616.6
Intercompany notes receivable							(579.6)		(680.8)		(592.8)		(34.5)		1,887.7		—
			Total URS stockholders' equity				3,037.0		(669.6)		4,842.7		1,702.7		(5,296.2)		3,616.6
Noncontrolling interests							—		—		—		140.0		0.2		140.2
				Total stockholders' equity			3,037.0		(669.6)		4,842.7		1,842.7		(5,296.0)		3,756.8
					Total liabilities and stockholders' equity	$	7,335.8	$	53.5	$	9,904.5	$	5,639.9	$	(14,309.7)	$	8,624.0

						CONDENSED CONSOLIDATING BALANCE SHEETS
						As of December 28, 2012 (As Revised)
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions						—		—		771.3		811.8		(28.3)		1,554.8
	Costs and accrued earnings in excess of billings on contracts						—		—		876.9		515.7		(8.3)		1,384.3
	Less receivable allowances						—		—		(29.1)		(40.6)		—		(69.7)
		Net accounts receivable					—		—		1,619.1		1,286.9		(36.6)		2,869.4
	Intercompany accounts receivable						1,793.2		22.4		3,933.1		1,269.0		(7,017.7)		—
	Deferred tax assets						6.8		—		60.3		0.5		—		67.6
	Inventory						—		—		5.5		56.0		—		61.5
	Other current assets						38.2		—		65.5		111.3		(10.8)		204.2
			Total current assets				1,852.6		22.4		5,699.8		3,009.1		(7,066.7)		3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures							5,400.6		20.7		1,812.2		262.9		(7,218.1)		278.3
Property and equipment at cost, net							26.9		—		159.7		500.9		—		687.5
Intangible assets, net							0.2		—		223.3		468.7		—		692.2
Goodwill							—		—		1,778.7		1,468.4		—		3,247.1
Other long-term assets							22.3		—		231.3		115.1		(4.5)		364.2
					Total assets	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions						4.2		—		382.7		454.8		(38.2)		803.5
	Accrued salaries and employee benefits						41.0		—		362.7		155.1		—		558.8
	Billings in excess of costs and accrued earnings on contracts						—		—		146.3		143.0		(0.2)		289.1
	Intercompany accounts payable						3,165.7		14.7		2,793.4		1,043.9		(7,017.7)		—
	Short-term intercompany notes payable						14.3		—		20.0		21.6		(55.9)		—
	Other current liabilities						59.5		8.6		146.2		78.0		(14.5)		277.8
			Total current liabilities				3,303.6		23.3		3,861.3		1,939.3		(7,126.5)		2,001.0
Long-term debt							952.2		699.6		16.9		323.8		—		1,992.5
Deferred tax liabilities							—		—		247.5		85.6		(4.8)		328.3
Self-insurance reserves							—		—		18.3		111.5		—		129.8
Pension and post-retirement benefit obligations							—		—		185.4		115.5		—		300.9
Long-term intercompany notes payable							—		—		561.7		1,265.4		(1,827.1)		—
Other long-term liabilities							2.8		—		197.1		71.1		—		271.0
				Total liabilities			4,258.6		722.9		5,088.2		3,912.2		(8,958.4)		5,023.5
URS stockholders' equity							3,621.1		8.0		5,400.6		1,805.3		(7,213.9)		3,621.1
Intercompany notes receivable							(577.1)		(687.8)		(583.8)		(34.3)		1,883.0		—
			Total URS stockholders' equity				3,044.0		(679.8)		4,816.8		1,771.0		(5,330.9)		3,621.1
Noncontrolling interests							—		—		—		141.9		—		141.9
				Total stockholders' equity			3,044.0		(679.8)		4,816.8		1,912.9		(5,330.9)		3,763.0
					Total liabilities and stockholders' equity	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5

Schedule of condensed income statement [Table Text Block]

			CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS – UNAUDITED
			For the Three Months Ended March 29, 2013
(in millions)			Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Revenues			$	—	$	—	$	1,671.4	$	1,211.5	$	(80.4)	$	2,802.5
Cost of revenues				—		—		(1,549.2)		(1,182.5)		80.4		(2,651.3)
General and administrative expenses				(22.2)		—		—		(0.5)		—		(22.7)
Equity in income (loss) in subsidiaries				65.9		7.7		6.3		3.2		(83.1)		—
Equity in income of unconsolidated joint ventures				—		—		3.1		21.0		—		24.1
	Operating income (loss)			43.7		7.7		131.6		52.7		(83.1)		152.6
Interest expense				31.8		(7.2)		(26.9)		(18.8)		—		(21.1)
Other income (expenses)				—		—		—		(2.5)		—		(2.5)
	Income (loss) before income taxes			75.5		0.5		104.7		31.4		(83.1)		129.0
Income tax benefit (expense)				(3.6)		2.7		(38.8)		(2.5)		—		(42.2)
	Net income (loss) including noncontrolling interests			71.9		3.2		65.9		28.9		(83.1)		86.8
Noncontrolling interests in income of consolidated subsidiaries				—		—		—		(14.9)		—		(14.9)
		Net income (loss) attributable to URS	$	71.9	$	3.2	$	65.9	$	14.0	$	(83.1)	$	71.9
		Comprehensive income (loss) attributable to URS	$	39.5	$	3.2	$	36.3	$	(23.4)	$	(16.1)	$	39.5

			CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS – UNAUDITED
			For the Three Months Ended March 30, 2012
(in millions)			Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Revenues			$	—	$	—	$	1,714.3	$	755.6	$	(108.4)	$	2,361.5
Cost of revenues				—		—		(1,593.0)		(718.6)		108.4		(2,203.2)
General and administrative expenses				(20.4)		—		—		0.4		—		(20.0)
Acquisition-related expenses				(5.6)		—		—		—		—		(5.6)
Equity in income (loss) in subsidiaries				76.9		—		30.2		—		(107.1)		—
Equity in income of unconsolidated joint ventures				—		—		2.1		26.6		—		28.7
	Operating income (loss)			50.9		—		153.6		64.0		(107.1)		161.4
Interest expense				28.6		—		(35.1)		(3.3)		—		(9.8)
Other income (expenses)				2.5		—		—		—		—		2.5
	Income (loss) before income taxes			82.0		—		118.5		60.7		(107.1)		154.1
Income tax benefit (expense)				(2.3)		—		(41.6)		(4.7)		—		(48.6)
	Net income (loss) including noncontrolling interests			79.7		—		76.9		56.0		(107.1)		105.5
Noncontrolling interests in income of consolidated subsidiaries				—		—		—		(25.8)		—		(25.8)
		Net income (loss) attributable to URS	$	79.7	$	—	$	76.9	$	30.2	$	(107.1)	$	79.7
		Comprehensive income (loss) attributable to URS	$	101.2	$	—	$	100.6	$	55.3	$	(155.9)	$	101.2

Schedule of condensed cash flow statement [Table Text Block]

		CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS – UNAUDITED
		For the Three Months Ended March 29, 2013
(in millions)		Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Net cash from operating activities		$	20.9	$	—	$	42.5	$	(12.4)	$	(1.3)	$	49.7
Cash flows from investing activities:
	Proceeds from disposal of property and equipment		—		—		—		3.4		—		3.4
	Investments in unconsolidated joint ventures		—		—		(0.1)		—		—		(0.1)
	Changes in restricted cash		—		—		—		1.9		—		1.9
	Capital expenditures, less equipment purchased through capital leases and equipment notes		(1.6)		—		(7.3)		(16.1)		—		(25.0)
	Net intercompany investing activities		85.0		—		(3.1)		(29.3)		(52.6)		—
Net cash from investing activities			83.4		—		(10.5)		(40.1)		(52.6)		(19.8)
Cash flows from financing activities:
	Payments on long-term debt		—		—		(1.2)		—		—		(1.2)
	Borrowings from revolving line of credit		255.0		—		—		—		—		255.0
	Payments on revolving line of credit		(195.0)		—		—		(39.5)		—		(234.5)
	Net payments under foreign lines of credit and short-term notes		(0.2)		—		(0.1)		(2.0)		—		(2.3)
	Net change in overdrafts		—		—		3.3		2.7		(37.4)		(31.4)
	Payments on capital lease obligations		(0.2)		—		(1.2)		(3.1)		—		(4.5)
	Proceeds from employee stock purchases and exercises of stock options		6.3		—		—		—		—		6.3
	Distributions to noncontrolling interests		—		—		—		(15.7)		—		(15.7)
	Contributions and advances from noncontrolling interests		—		—		—		0.6		0.2		0.8
	Dividends paid		(14.9)		—		—		—		—		(14.9)
	Repurchases of common stock		(45.1)		—		—		—		—		(45.1)
	Net intercompany financing activities		(75.6)		—		(36.1)		59.1		52.6		—
Net cash from financing activities			(69.7)		—		(35.3)		2.1		15.4		(87.5)
Net change in cash and cash equivalents			34.6		—		(3.3)		(50.4)		(38.5)		(57.6)
Effect of foreign exchange rate changes on cash and cash equivalents			—		—		—		(8.1)		—		(8.1)
Cash and cash equivalents at beginning of period			14.4		—		16.3		285.4		(1.6)		314.5
Cash and cash equivalents at end of period		$	49.0	$	—	$	13.0	$	226.9	$	(40.1)	$	248.8

		CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS – UNAUDITED
		For the Three Months Ended March 30, 2012
(in millions)		Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Net cash from operating activities		$	13.8	$	—	$	(95.6)	$	44.9	$	16.2	$	(20.7)
Cash flows from investing activities:
	Proceeds from disposal of property and equipment		—		—		0.4		9.1		—		9.5
	Investments in unconsolidated joint ventures		—		—		(4.0)		—		—		(4.0)
	Changes in restricted cash		—		—		—		1.7		—		1.7
	Capital expenditures, less equipment purchased through capital leases and equipment notes		(3.2)		—		(10.2)		(4.4)		—		(17.8)
	Net intercompany investing activities		401.8		—		162.6		37.6		(602.0)		—
Net cash from investing activities			398.6		—		148.8		44.0		(602.0)		(10.6)
Cash flows from financing activities:
	Borrowings from long-term debt		998.9		—		—		—		—		998.9
	Payments on long-term debt		—		—		(1.6)		—		—		(1.6)
	Borrowings from revolving line of credit		50.0		—		—		—		—		50.0
	Payments on revolving line of credit		(73.6)		—		—		—		—		(73.6)
	Net payments under foreign lines of credit and short-term notes		(0.2)		—		—		(8.7)		—		(8.9)
	Net change in overdrafts		—		—		(0.6)		1.2		—		0.6
	Payments on capital lease obligations		(0.2)		—		(1.3)		(1.1)		—		(2.6)
	Payments of debt issuance costs		(8.7)		—		—		—		—		(8.7)
	Excess tax benefits from stock-based compensation		0.4		—		—		—		—		0.4
	Proceeds from employee stock purchases and exercises of stock options		1.0		—		—		—		—		1.0
	Distributions to noncontrolling interests		—		—		—		(15.5)		—		(15.5)
	Contributions and advances from noncontrolling interests		—		—		0.2		0.3		—		0.5
	Repurchases of common stock		(40.0)		—		—		—		—		(40.0)
	Net intercompany financing activities		(447.2)		—		(58.0)		(96.8)		602.0		—
Net cash from financing activities			480.4		—		(61.3)		(120.6)		602.0		900.5
Net change in cash and cash equivalents			892.8		—		(8.1)		(31.7)		16.2		869.2
Effect of foreign exchange rate changes on cash and cash equivalents			—		—		—		4.3		—		4.3
Cash and cash equivalents at beginning of period			193.8		—		24.4		294.5		(76.7)		436.0
Cash and cash equivalents at end of period		$	1,086.6	$	—	$	16.3	$	267.1	$	(60.5)	$	1,309.5

Revision of Previously Issued Financial Statements [Abstract]

Revision of Previously Issued Financial Statements [Table Text Block]

						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
As Reported
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions					$	—	$	—	$	771.2	$	811.8	$	(28.2)	$	1,554.8
	Costs and accrued earnings in excess of billings on contracts					$	—	$	—	$	876.9	$	515.7	$	(8.3)	$	1,384.3
	Less receivable allowances					$	—	$	—	$	(29.1)	$	(40.6)	$	—	$	(69.7)
		Net accounts receivable				$	—	$	—	$	1,619.0	$	1,286.9	$	(36.5)	$	2,869.4
	Intercompany accounts receivable					$	1,765.8	$	22.4	$	4,248.9	$	1,530.6	$	(7,567.7)	$	—
	Deferred tax assets					$	6.8	$	—	$	60.3	$	0.5	$	—	$	67.6
	Inventory					$	—	$	—	$	5.5	$	56.0	$	—	$	61.5
	Other current assets					$	38.2	$	—	$	65.5	$	111.3	$	(10.8)	$	204.2
			Total current assets			$	1,825.2	$	22.4	$	6,015.5	$	3,270.7	$	(7,616.6)	$	3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	5,400.5	$	20.7	$	1,812.0	$	258.9	$	(7,213.8)	$	278.3
Property and equipment at cost, net						$	26.9	$	—	$	159.7	$	500.9	$	—	$	687.5
Intangible assets, net						$	0.2	$	—	$	223.5	$	468.5	$	—	$	692.2
Goodwill						$	—	$	—	$	1,778.7	$	1,468.4	$	—	$	3,247.1
Other long-term assets						$	22.4	$	—	$	231.3	$	115.3	$	(4.8)	$	364.2
					Total assets	$	7,275.2	$	43.1	$	10,220.7	$	6,082.7	$	(14,835.2)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions					$	4.1	$	—	$	382.8	$	454.8	$	(38.2)	$	803.5
	Accrued salaries and employee benefits					$	41.1	$	—	$	362.6	$	155.1	$	—	$	558.8
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	146.4	$	143.0	$	(0.3)	$	289.1
	Intercompany accounts payable					$	3,138.3	$	14.7	$	3,109.1	$	1,305.6	$	(7,567.7)	$	—
	Short-term intercompany notes payable					$	14.3	$	—	$	20.0	$	599.2	$	(633.5)	$	—
	Other current liabilities					$	59.4	$	8.6	$	146.3	$	74.0	$	(10.5)	$	277.8
			Total current liabilities			$	3,276.1	$	23.3	$	4,177.2	$	2,774.6	$	(8,250.2)	$	2,001.0
Long-term debt						$	952.2	$	699.6	$	16.9	$	323.8	$	—	$	1,992.5
Deferred tax liabilities						$	—	$	—	$	247.6	$	85.5	$	(4.8)	$	328.3
Self-insurance reserves						$	—	$	—	$	18.3	$	111.5	$	—	$	129.8
Pension and post-retirement benefit obligations						$	—	$	—	$	185.4	$	115.5	$	—	$	300.9
Long-term intercompany notes payable						$	—	$	—	$	561.7	$	687.8	$	(1,249.5)	$	—
Other long-term liabilities						$	2.9	$	—	$	197.0	$	71.1	$	—	$	271.0
				Total liabilities		$	4,231.2	$	722.9	$	5,404.1	$	4,169.8	$	(9,504.5)	$	5,023.5
URS stockholders' equity						$	3,621.1	$	8.0	$	5,400.4	$	1,805.3	$	(7,213.7)	$	3,621.1
Intercompany notes receivable						$	(577.1)	$	(687.8)	$	(583.8)	$	(34.3)	$	1,883.0	$	—
			Total URS stockholders' equity			$	3,044.0	$	(679.8)	$	4,816.6	$	1,771.0	$	(5,330.7)	$	3,621.1
Noncontrolling interests						$	—	$	—	$	—	$	141.9	$	—	$	141.9
				Total stockholders' equity		$	3,044.0	$	(679.8)	$	4,816.6	$	1,912.9	$	(5,330.7)	$	3,763.0
					Total liabilities and stockholders' equity	$	7,275.2	$	43.1	$	10,220.7	$	6,082.7	$	(14,835.2)	$	8,786.5
						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Adjustment
ASSETS
Current assets:
	Accounts receivable, including retentions					$	—	$	—	$	0.1	$	—	$	(0.1)	$	—
		Net accounts receivable				$	—	$	—	$	0.1	$	—	$	(0.1)	$	—
	Intercompany accounts receivable					$	27.4	$	—	$	(315.8)	$	(261.6)	$	550.0	$	—
			Total current assets			$	27.4	$	—	$	(315.7)	$	(261.6)	$	549.9	$	—
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	0.1	$	—	$	0.2	$	4.0	$	(4.3)	$	—
Intangible assets, net						$	—	$	—	$	(0.2)	$	0.2	$	—	$	—
Other long-term assets						$	(0.1)	$	—	$	—	$	(0.2)	$	0.3	$	—
					Total assets	$	27.4	$	—	$	(315.7)	$	(257.6)	$	545.9	$	—
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable and subcontractors payable, including retentions					$	0.1	$	—	$	(0.1)	$	—	$	—	$	—
	Accrued salaries and employee benefits					$	(0.1)	$	—	$	0.1	$	—	$	—	$	—
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	(0.1)	$	—	$	0.1	$	—
	Intercompany accounts payable					$	27.4	$	—	$	(315.7)	$	(261.7)	$	550.0	$	—
	Short-term intercompany notes payable					$	—	$	—	$	—	$	(577.6)	$	577.6	$	—
	Other current liabilities					$	0.1	$	—	$	(0.1)	$	4.0	$	(4.0)	$	—
			Total current liabilities			$	27.5	$	—	$	(315.9)	$	(835.3)	$	1,123.7	$	—
Deferred tax liabilities						$	—	$	—	$	(0.1)	$	0.1	$	—	$	—
Long-term intercompany notes payable						$	—	$	—	$	—	$	577.6	$	(577.6)	$	—
Other long-term liabilities						$	(0.1)	$	—	$	0.1	$	—	$	—	$	—
				Total liabilities		$	27.4	$	—	$	(315.9)	$	(257.6)	$	546.1	$	—
URS stockholders' equity						$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
			Total URS stockholders' equity			$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
				Total stockholders' equity		$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
					Total liabilities and stockholders' equity	$	27.4	$	—	$	(315.7)	$	(257.6)	$	545.9	$	—
						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
As Revised
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions					$	—	$	—	$	771.3	$	811.8	$	(28.3)	$	1,554.8
	Costs and accrued earnings in excess of billings on contracts					$	—	$	—	$	876.9	$	515.7	$	(8.3)	$	1,384.3
	Less receivable allowances					$	—	$	—	$	(29.1)	$	(40.6)	$	—	$	(69.7)
		Net accounts receivable				$	—	$	—	$	1,619.1	$	1,286.9	$	(36.6)	$	2,869.4
	Intercompany accounts receivable					$	1,793.2	$	22.4	$	3,933.1	$	1,269.0	$	(7,017.7)	$	—
	Deferred tax assets					$	6.8	$	—	$	60.3	$	0.5	$	—	$	67.6
	Inventory					$	—	$	—	$	5.5	$	56.0	$	—	$	61.5
	Other current assets					$	38.2	$	—	$	65.5	$	111.3	$	(10.8)	$	204.2
			Total current assets			$	1,852.6	$	22.4	$	5,699.8	$	3,009.1	$	(7,066.7)	$	3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	5,400.6	$	20.7	$	1,812.2	$	262.9	$	(7,218.1)	$	278.3
Property and equipment at cost, net						$	26.9	$	—	$	159.7	$	500.9	$	—	$	687.5
Intangible assets, net						$	0.2	$	—	$	223.3	$	468.7	$	—	$	692.2
Goodwill						$	—	$	—	$	1,778.7	$	1,468.4	$	—	$	3,247.1
Other long-term assets						$	22.3	$	—	$	231.3	$	115.1	$	(4.5)	$	364.2
					Total assets	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions					$	4.2	$	—	$	382.7	$	454.8	$	(38.2)	$	803.5
	Accrued salaries and employee benefits					$	41.0	$	—	$	362.7	$	155.1	$	—	$	558.8
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	146.3	$	143.0	$	(0.2)	$	289.1
	Intercompany accounts payable					$	3,165.7	$	14.7	$	2,793.4	$	1,043.9	$	(7,017.7)	$	—
	Short-term intercompany notes payable					$	14.3	$	—	$	20.0	$	21.6	$	(55.9)	$	—
	Other current liabilities					$	59.5	$	8.6	$	146.2	$	78.0	$	(14.5)	$	277.8
			Total current liabilities			$	3,303.6	$	23.3	$	3,861.3	$	1,939.3	$	(7,126.5)	$	2,001.0
Long-term debt						$	952.2	$	699.6	$	16.9	$	323.8	$	—	$	1,992.5
Deferred tax liabilities						$	—	$	—	$	247.5	$	85.6	$	(4.8)	$	328.3
Self-insurance reserves						$	—	$	—	$	18.3	$	111.5	$	—	$	129.8
Pension and post-retirement benefit obligations						$	—	$	—	$	185.4	$	115.5	$	—	$	300.9
Long-term intercompany notes payable						$	—	$	—	$	561.7	$	1,265.4	$	(1,827.1)	$	—
Other long-term liabilities						$	2.8	$	—	$	197.1	$	71.1	$	—	$	271.0
				Total liabilities		$	4,258.6	$	722.9	$	5,088.2	$	3,912.2	$	(8,958.4)	$	5,023.5
URS stockholders' equity						$	3,621.1	$	8.0	$	5,400.6	$	1,805.3	$	(7,213.9)	$	3,621.1
Intercompany notes receivable						$	(577.1)	$	(687.8)	$	(583.8)	$	(34.3)	$	1,883.0	$	—
			Total URS stockholders' equity			$	3,044.0	$	(679.8)	$	4,816.8	$	1,771.0	$	(5,330.9)	$	3,621.1
Noncontrolling interests						$	—	$	—	$	—	$	141.9	$	—	$	141.9
				Total stockholders' equity		$	3,044.0	$	(679.8)	$	4,816.8	$	1,912.9	$	(5,330.9)	$	3,763.0
					Total liabilities and stockholders' equity	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5

	For the Year Ended December 28, 2012
(in millions)	Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Condensed Consolidating Statements of Cash Flows Data:
As Reported
Net cash from investing activities	$	900.8	$	—	$	743.4	$	(851.7)	$	(2,239.1)	$	(1,446.6)
Net cash from financing activities	$	(1,114.4)	$	—	$	(790.1)	$	559.3	$	2,237.5	$	892.3
Adjustments
Net cash from investing activities	$	30.1	$	—	$	75.5	$	39.2	$	(144.8)	$	—
Net cash from financing activities	$	(30.1)	$	—	$	(75.5)	$	(39.2)	$	144.8	$	—
As Revised
Net cash from investing activities	$	930.9	$	—	$	818.9	$	(812.5)	$	(2,383.9)	$	(1,446.6)
Net cash from financing activities	$	(1,144.5)	$	—	$	(865.6)	$	520.1	$	2,382.3	$	892.3

XML

SEGMENT AND RELATED INFORMATION (DETAILS 2) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013		Mar. 30, 2012
Segment reporting other significant reconciling item [Line Items]
URS operating income (loss)	$ 137.7	[1]	$ 135.6	[1]
Noncontrolling interests	14.9		25.8
Operating income (loss)	152.6		161.4
Infrastructure and Environment [Member]
Segment reporting other significant reconciling item [Line Items]
URS operating income (loss)	40.8	[1]	45.4	[1]
Noncontrolling interests	0.5		0.5
Operating income (loss)	41.3		45.9
Federal Services [Member]
Segment reporting other significant reconciling item [Line Items]
URS operating income (loss)	99.1	[1]	93.0	[1]
Operating income (loss)	99.1		93.0
Energy and Construction [Member]
Segment reporting other significant reconciling item [Line Items]
URS operating income (loss)	12.3	[1]	22.8	[1]
Noncontrolling interests	14.8		25.3
Operating income (loss)	27.1		48.1
Oil and Gas [Member]
Segment reporting other significant reconciling item [Line Items]
URS operating income (loss)	8.2	[1],[2]
Noncontrolling interests	(0.4)
Operating income (loss)	7.8	[2]
Corporate [Member]
Segment reporting other significant reconciling item [Line Items]
URS operating income (loss)	(22.7)	[1],[3]	(25.6)	[1]
Operating income (loss)	$ (22.7)		$ (25.6)

[1] We are providing information regarding URS operating income (loss) by segment because management uses this information to assess performance and make decisions about resource allocation. URS operating income is defined as segment operating income after reduction for pre-tax noncontrolling interests, but before the reduction of any pre-tax goodwill impairment charges.

[2] The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

[3] Corporate includes expenses related to corporate functions and acquisition-related expenses.

XML

INDEBTEDNESS (DETAILS 2) (USD $) In Millions, unless otherwise specified	Mar. 29, 2013	Dec. 28, 2012
Total indebtedness [Abstract]
Total indebtedness	$ 2,085.4	$ 2,064.3
Current portion of long-term debt	83.0	71.8
Long-term debt	$ 2,002.4	$ 1,992.5

XML

SEGMENT AND RELATED INFORMATION (DETAILS 3) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013		Mar. 30, 2012	Dec. 28, 2012
Revenues from external customers and long-lived assets [Line Items]
Revenues	$ 2,802.5		$ 2,361.5
Property and equipment at cost, net	$ 680.5	[1]		$ 687.5	[1]

[1]          The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

XML

ACQUISITION (DETAILS)	3 Months Ended							3 Months Ended
	Mar. 29, 2013 USD ($)	Mar. 30, 2012 USD ($)	Mar. 29, 2013 Flint acquisition [Member] USD ($)	Mar. 30, 2012 Flint acquisition [Member] USD ($)		May 14, 2012 Flint acquisition [Member] USD ($)	May 14, 2012 Flint acquisition [Member] CAD	Mar. 29, 2013 Flint acquisition [Member] Maximum [Member]	Mar. 29, 2013 Flint acquisition [Member] Minimum [Member]
Business acquisition [Line Items]
Business acquisition - date of acquisition agreement			May 14, 2012
Cash paid to acquire entity						$ 1,240,000,000	1,240,000,000
Acquisition-related expenses		(5,600,000)		(5,600,000)
Preliminary allocation of purchase price [Abstract]
Estimated useful life - other intangible assets								40 years 0 months 0 days	3 years 0 months 0 days
Business acquisition [Abstract]
Business acquisition - date of acquisition agreement			May 14, 2012
Business acquisition - cost of acquired entity per share							25.00
Business acquisition - cost of acquired entity cash paid						1,240,000,000	1,240,000,000
Business acquisition - revenues	2,802,500,000	2,361,500,000
Business acquisition - operating income	152,600,000	161,400,000
Business acquisition, pro forma information [Abstract]
Revenues				2,931,800,000
Net income including noncontrolling interests				107,100,000
Net income attributable to URS				81,300,000
Basic EPS				$ 1.10
Diluted EPS				$ 1.09
Business acquisition, pro forma nonrecurring adjustments [Abstract]
Acquisition-related expense				7,300,000	[1]
Voting interest percentage in unconsolidated joint venture arising from acquisition			50.00%
Excess fair value over underlying equity interest			128,500,000
Intangible assets			38,000,000
Other indebtedness that was repaid						110,300,000
Amortization of acquired intangible assets			$ 2,700,000

[1] Included in the pro forma results for the three months ended March 30, 2012 is a nonrecurring adjustment related to URS and Flint acquisition-related expenses.

XML

INDEBTEDNESS (TABLES)

3 Months Ended

Mar. 29, 2013

Debt disclosure [Abstract]

Schedule of debt [Table Text Block]

		March 29,		December 28,
(In millions)		2013		2012
Term loan, net of debt issuance costs		$	666.6	$	666.3
3.85% Senior Notes (net of discount)			399.6		399.5
5.00% Senior Notes (net of discount)			599.5		599.5
7.50% Canadian Notes (including premium)			198.6		203.8
Revolving line of credit			119.0		100.5
Other indebtedness			102.1		94.7
	Total indebtedness		2,085.4		2,064.3
Less:
Current portion of long-term debt			83.0		71.8
	Long-term debt	$	2,002.4	$	1,992.5

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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013		Mar. 30, 2012		Dec. 28, 2012	Dec. 30, 2011
Amounts reclassified from accumulated other comprehensive income [Abstract]
Balances	$ (145.6)				$ (113.2)
Pension And Post-Retirement Adjustments [Member]
Reclassifications out of accumulated other comprehensive income (loss) [Line Items]
Other comprehensive income before reclassification	1.6		0.1
Amounts reclassified from accumulated other comprehensive income [Abstract]
Prior service costs, net of tax	(0.1)	[1]	(0.4)	[1]
Actuarial gains (losses), net of tax	2.4	[1]	1.4	[1]
Net current-period other comprehensive income	3.9		1.1
Balances	(131.5)		(107.7)		(135.4)	(108.8)
Foreign Currency Translation Adjustments [Member]
Reclassifications out of accumulated other comprehensive income (loss) [Line Items]
Other comprehensive income before reclassification	(36.1)		21.1
Amounts reclassified from accumulated other comprehensive income [Abstract]
Translation adjustment realized upon liquidation of foreign subsidiaries, net of tax	(0.2)	[2]
Net current-period other comprehensive income	(36.3)		21.1
Balances	(13.5)		19.1		22.8	(2.0)
Loss on Derivative Instruments [Member]
Reclassifications out of accumulated other comprehensive income (loss) [Line Items]
Other comprehensive income before reclassification			(0.7)
Amounts reclassified from accumulated other comprehensive income [Abstract]
Net current-period other comprehensive income			(0.7)
Balances	(0.6)		(0.7)		(0.6)
Accumulated Other Comprehensive Income (Loss) [Member]
Reclassifications out of accumulated other comprehensive income (loss) [Line Items]
Other comprehensive income before reclassification	(34.5)		20.5
Amounts reclassified from accumulated other comprehensive income [Abstract]
Prior service costs, net of tax	(0.1)	[1]	(0.4)	[1]
Translation adjustment realized upon liquidation of foreign subsidiaries, net of tax	(0.2)	[2]
Actuarial gains (losses), net of tax	2.4	[1]	1.4	[1]
Net current-period other comprehensive income	(32.4)		21.5
Balances	$ (145.6)		$ (89.3)		$ (113.2)	$ (110.8)

[1] These accumulated other comprehensive income components are included in the computation of net periodic pension costs, which were recorded in “Cost of revenues” and “General and administrative expenses” in our Condensed Consolidated Statements of Operations. See Note 12, “Employee Retirement and Post-Retirement Benefit Plans,” for more information.

[2] This accumulated other comprehensive income component is reclassified into “Cost of revenues” in our Condensed Consolidated Statements of Operations.

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BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES (POLICIES)

3 Months Ended

Mar. 29, 2013

Accounting Policies [Abstract]

Reclassifications

Reclassifications

We made reclassifications to the prior year's financial statements to conform them to the current period's presentation.These reclassifications have no effect on our consolidated net cash flows or consolidated net income.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid investments with maturities of 90 days or less at the date of purchase and include interest-bearing bank deposits and money market funds. AtMarch 29, 2013 and December 28, 2012, our restricted cash balanceswere$15.2million and $17.1 million, respectively. These amounts were included in “Other current assets” on our Condensed Consolidated Balance Sheets. For cash held by our consolidated joint ventures, see Note 6, “Joint Ventures.”

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BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS (DETAILS) (USD $) In Millions, unless otherwise specified	Mar. 29, 2013	Dec. 28, 2012
Components Of Billings In Excess Of Cost And Accrued Earnings On Contracts [Abstract]
Billings in excess of costs and accrued earnings on contracts	$ 184.0	$ 211.7
Project-related legal liabilities and other project-related reserves	61.5	55.2
Advance payments negotiated as a contract condition	8.0	9.8
Normal profit liabilities	2.5	4.8
Estimated losses on uncompleted contracts	8.2	7.6
Total billings in excess of costs and accrued earnings on contracts	$ 264.2	$ 289.1

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ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS (DETAILS) (USD $) In Millions, unless otherwise specified	Mar. 29, 2013	Dec. 28, 2012
Accounts receivable and costs and accrued earnings in excess of billings on contracts (Textuals) [Abstract]
Receivables with contractual terms in excess of one year	$ 134.7	$ 121.4
Schedule of accounts receivable and costs and accrued earnings in excess of billings on contracts [Line Items]
Total accounts receivable	1,522.2	1,554.8
Unbilled Accounts Receivable	1,670.4	1,649.2
Less: Amounts included in Other long-term assets	(343.7)	(264.9)
Costs and accrued earnings in excess of billings on contracts	1,326.7	1,384.3
US Federal Government [Member]
Schedule of accounts receivable and costs and accrued earnings in excess of billings on contracts [Line Items]
Total accounts receivable	429.4	376.2
Unbilled Accounts Receivable	877.2	892.7
Others [Member]
Schedule of accounts receivable and costs and accrued earnings in excess of billings on contracts [Line Items]
Total accounts receivable	1,092.8	1,178.6
Unbilled Accounts Receivable	$ 793.2	$ 756.5

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SEGMENT AND RELATED INFORMATION (TABLES)

3 Months Ended

Mar. 29, 2013

Segment reporting [Abstract]

Segment reporting, disclosure of entity's reportable segments [Table Text Block]

		Three Months Ended
		March 29,		March 30,
(In millions)		2013		2012
Revenues
Infrastructure & Environment		$	933.4	$	964.2
Federal Services			678.2		717.1
Energy & Construction			664.8		725.7
Oil & Gas (1)			583.8		—
Inter-segment, eliminations and other			(57.7)		(45.5)
	Total revenues	$	2,802.5	$	2,361.5
Equity in income (loss) of unconsolidated joint ventures
Infrastructure & Environment		$	1.1	$	0.8
Federal Services			1.4		1.6
Energy & Construction			21.7		26.3
Oil & Gas (1)			(0.1)		—
	Total equity in income of unconsolidated joint ventures	$	24.1	$	28.7
URS operating income (loss) (2)
Infrastructure & Environment		$	40.8	$	45.4
Federal Services			99.1		93.0
Energy & Construction			12.3		22.8
Oil & Gas (1)			8.2		—
Corporate (3)			(22.7)		(25.6)
	Total URS operating income (loss)	$	137.7	$	135.6
Operating income (loss)
Infrastructure & Environment		$	41.3	$	45.9
Federal Services			99.1		93.0
Energy & Construction			27.1		48.1
Oil & Gas (1)			7.8		—
Corporate (3)			(22.7)		(25.6)
	Total operating income (loss)	$	152.6	$	161.4
Depreciation and amortization
Infrastructure & Environment		$	12.5	$	14.4
Federal Services			9.3		9.6
Energy & Construction			12.0		11.7
Oil & Gas (1)			31.6		—
Corporate (3)			2.1		1.5
	Total depreciation and amortization	$	67.5	$	37.2

• The operating results of Flinthave been included in our consolidated results since the acquisition on May14, 2012.
• We are providing information regarding URS operating income (loss) by segmentbecause management uses this information to assess performance and make decisions about resource allocation. URS operating income is defined as segment operating income after reduction for pre-tax noncontrolling interests, but before the reduction of any pre-tax goodwill impairment charges.
• Corporate includes expenses related to corporate functions and acquisition-related expenses.

Reconciliation of other significant reconciling items from segments to consolidated [Table Text Block]

		Three Months Ended March 29, 2013
		Infrastructure				Energy		Oil
		&		Federal		&		&
(In millions)		Environment		Services		Construction		Gas		Corporate		Consolidated
URS operating income (loss)		$	40.8	$	99.1	$	12.3	$	8.2	$	(22.7)	$	137.7
Noncontrolling interests			0.5		—		14.8		(0.4)		—		14.9
	Operating income (loss)	$	41.3	$	99.1	$	27.1	$	7.8	$	(22.7)	$	152.6
		Three Months Ended March 30, 2012
		Infrastructure				Energy		Oil
		&		Federal		&		&
(In millions)		Environment		Services		Construction		Gas		Corporate		Consolidated
URS operating income (loss)		$	45.4	$	93.0	$	22.8	$	—	$	(25.6)	$	135.6
Noncontrolling interests			0.5		—		25.3		—		—		25.8
	Operating income (loss)	$	45.9	$	93.0	$	48.1	$	—	$	(25.6)	$	161.4

Schedule of investments in and advances to unconsolidated joint ventures and property and equipment, net of accumulated depreciation by segment [Table Text Block]

		March 29,		December 28,
(In millions)		2013		2012
Infrastructure & Environment		$	9.0	$	8.1
Federal Services			6.6		5.7
Energy & Construction			119.6		124.5
Oil & Gas			137.0		140.0
	Total investments in and advances to unconsolidated joint ventures	$	272.2	$	278.3
Infrastructure & Environment		$	139.8	$	141.0
Federal Services			40.0		36.6
Energy & Construction			58.4		60.1
Oil & Gas			412.6		422.9
Corporate			29.7		26.9
	Total property and equipment, net of accumulated depreciation	$	680.5	$	687.5

Reconciliation of assets from segment to consolidated [Table Text Block]

		March 29,		December 28,
(In millions)		2013		2012
Infrastructure & Environment		$	2,180.7	$	2,267.5
Federal Services			1,636.9		1,645.8
Energy & Construction			2,762.9		2,776.5
Oil & Gas			1,860.3		1,904.4
Corporate			183.2		192.3
	Total assets	$	8,624.0	$	8,786.5

Revenues from major customers [Table Text Block]

		Three Months Ended
		March 29,		March 30,
(In millions, except percentages)		2013		2012
The U.S. Army (1)
	Infrastructure & Environment	$	33.0	$	43.8
	Federal Services		388.4		373.1
	Energy & Construction		24.8		24.9
Total U.S. Army		$	446.2	$	441.8
Revenues from the U.S. Army as a percentage of our consolidated revenues			16%		19%
DOE
	Infrastructure & Environment	$	1.1	$	1.1
	Federal Services		3.9		5.9
	Energy & Construction		206.8		253.0
Total DOE		$	211.8	$	260.0
Revenues from DOE as a percentage of our consolidated revenues			8%		11%
Revenues from the federal market sector as a percentage of our consolidated revenues			38%		50%

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STOCKHOLDERS' EQUITY (DETAILS) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 29, 2013	Mar. 30, 2012
Dividends [Line Items]
Dividends payable - dividend per share	$ 0.21	$ 0.20
Dividends payable - total maximum payment	$ 14.9
Cash dividends declared	16.0	15.2
Share-based compensation arrangement by share-based payment award [Line Items]
Incremental authorized shares pending stockholders' approval	1.5
Stock-based compensation expense
Stock-based compensation expense	11.0	11.3
Stock-based compensation expense included in cost of revenues	8.3	8.4
Stock-based compensation expense included in general and administrative expenses	2.7	2.9
Stock-based compensation expense	11.0	11.3
Employee service share-based compensation, aggregate disclosures (Textuals) [Abstract]
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	2 years 6 months 0 days
Equity, class of treasury stock [Line Items]
Cost of common stock repurchased	45.1	40.0
Employee Stock Purchase Plan [Member]
Stock-based compensation expense
Stock-based compensation expense	0.1	0.1
Stock-based compensation expense	0.1	0.1
Restricted Stock Awards And Units [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Restricted stock shares available for future grant	0.6
Stock-based compensation expense
Stock-based compensation expense	10.9	11.2
Stock-based compensation expense	10.9	11.2
Restricted Stock Awards (RSAs) [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Restricted stock issued	3.5
Restricted Stock Units (RSUs) [Member]
Shares
Nonvested restricted stock awards and units - ending balance	0.9
Cash dividends for period 1 [Member]
Dividends [Line Items]
Dividends payable - declaration date	Feb. 24, 2012
Dividends payable - dividend per share	$ 0.20
Dividends payable - record date	Mar. 16, 2012
Dividends payable - total maximum payment	15.2
Dividends payable - payment date	Apr. 06, 2012
Cash dividends for period 2 [Member]
Dividends [Line Items]
Dividends payable - declaration date	May 04, 2012
Dividends payable - dividend per share	$ 0.20
Dividends payable - record date	Jun. 15, 2012
Dividends payable - total maximum payment	15.4
Dividends payable - payment date	Jul. 06, 2012
Cash dividends for period 3 [Member]
Dividends [Line Items]
Dividends payable - declaration date	Aug. 03, 2012
Dividends payable - dividend per share	$ 0.20
Dividends payable - record date	Sep. 14, 2012
Dividends payable - total maximum payment	15.4
Dividends payable - payment date	Oct. 05, 2012
Cash dividends for period 4 [Member]
Dividends [Line Items]
Dividends payable - declaration date	Nov. 02, 2012
Dividends payable - dividend per share	$ 0.20
Dividends payable - record date	Dec. 14, 2012
Dividends payable - total maximum payment	15.4
Dividends payable - payment date	Jan. 04, 2013
Cash dividends for period 5 [Member]
Dividends [Line Items]
Dividends payable - declaration date	Feb. 22, 2013
Dividends payable - dividend per share	$ 0.21
Dividends payable - record date	Mar. 15, 2013
Dividends payable - total maximum payment	16.0
Dividends payable - payment date	Apr. 05, 2013
Cash dividends for period 6 [Member]
Dividends [Line Items]
Dividends payable - declaration date	May 03, 2013
Dividends payable - dividend per share	$ 0.21
Dividends payable - record date	Jun. 14, 2013
Dividends payable - payment date	Jul. 05, 2013
Common Stock [Member]
Equity, class of treasury stock [Line Items]
Shares of common stock repurchased	1.0	1.0
Common stock repurchase - average price paid per share	$ 42.96	$ 40.00
Cost of common stock repurchased	$ 45.1	$ 40.0

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INCOME TAXES (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013	Mar. 30, 2012
Effective income tax rate continuing operations tax rate reconciliation [Abstract]
Total income tax expense (benefit)	$ 42.2	$ 48.6

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INDEBTEDNESS (DETAILS) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended								3 Months Ended	4 Months Ended
	Mar. 29, 2013 USD ($)	Mar. 30, 2012 USD ($)	Dec. 28, 2012 USD ($)	Mar. 29, 2013 Senior Notes [Member] USD ($)	Mar. 30, 2012 Senior Notes [Member] USD ($)	Mar. 29, 2013 3.85% Senior Notes (net of discount) [Member] USD ($)	Dec. 28, 2012 3.85% Senior Notes (net of discount) [Member] USD ($)	Mar. 15, 2012 3.85% Senior Notes (net of discount) [Member] USD ($)	Mar. 29, 2013 5.00% Senior Notes (net of discount) [Member] USD ($)	Dec. 28, 2012 5.00% Senior Notes (net of discount) [Member] USD ($)	Mar. 15, 2012 5.00% Senior Notes (net of discount) [Member] USD ($)	Mar. 29, 2013 7.50% Canadian Notes (including premium) [Member] USD ($)	May 14, 2012 7.50% Canadian Notes (including premium) [Member] USD ($)	May 14, 2012 7.50% Canadian Notes (including premium) [Member] CAD	Dec. 28, 2012 7.50% Canadian Notes (including premium) [Member] USD ($)	Mar. 29, 2013 Foreign Line of Credit [Member] USD ($)	Dec. 28, 2012 Foreign Line of Credit [Member] USD ($)	Mar. 29, 2013 Revolving Line of Credit [Member] USD ($)	Dec. 28, 2012 Revolving Line of Credit [Member] USD ($)	Mar. 29, 2013 Credit Facility Term Loan [Member] USD ($)	Dec. 28, 2012 Credit Facility Term Loan [Member] USD ($)
Indebtedness [Abstract]
Bank term loans, net of debt issuance costs	$ 666.6		$ 666.3
Senior Notes (net of discount)				999.1		399.6	399.5		599.5	599.5		198.6			203.8
Revolving line of credit	119.0		100.5															119.0	100.5
Other indebtedness	102.1		94.7
Total indebtedness	2,085.4		2,064.3
Outstanding debt				1,200.0																670.0	670.0
Interest rate at period end																				1.70%	1.71%
Senior credit facility [Abstract]
2011 Credit Facility term loan, basis spread on variable rate				0.50%																1.50%
Line of credit facility, maximum borrowing capacity																49.0	50.8
Repayment of revolving line of credit	234.5	73.6
Debt instrument, covenant compliance	We were in compliance with the covenants of our Senior Notes and Canadian Notes as of March 29, 2013			We were in compliance with the covenants of our 2011 Credit Facility as of March 29, 2013								.
Senior Notes and Canadian Notes [Abstract]
Senior Notes, unamortized discount	1.0			1.0
Senior Notes, unamortized premium												26.5
Senior Notes, aggregate principal amount								400.0			600.0
Senior Notes, interest rate, stated percentage								3.85%			5.00%
Senior Notes, future indebtedness threshold for guarantors					100.0
Business acquisition [Abstract]
Business acquisition - liabilities assumed													175.0	175.0
Revolving line of credit [Abstract]
Letters of credit issued, amount																		133.3
Amounts available on our revolving credit facility																		747.7
Other indebtedness [Abstract]
Notes payable, five-year loan notes, and foreign credit lines	43.6		35.5
Notes payable, weighted-average interest rate	5.71%		4.68%
Obligations under capital leases	58.5		59.2
Line of credit facility, aggregate borrowing capacity																49.0	50.8
Line of credit facility, remaining borrowing capacity																45.2	47.7
Foreign currency gains (losses) on intercompany loans	$ 2.5

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ADOPTED AND OTHER RECENTLY ISSUED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

ADOPTED AND OTHER RECENTLY ISSUED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS

NOTE 2. ADOPTED AND OTHER RECENTLY ISSUED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS

An amendment to theaccounting standard related to the presentation of other comprehensive income was issued. It requires public entities to provide information about amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income and, in some cases, cross-references to related footnote disclosures. This portion of the standard is effective for us beginning with our first interim period in fiscal year 2013. See Note 16, “Reclassifications Out of Accumulated Other Comprehensive Income (Loss),”for more information.The adoption of this standard did not have a material impact on our condensed consolidated financial statements.

An accounting standard update was issued related to new disclosures on offsetting assets and liabilities of financial and derivative instruments. The amendments require the disclosure of gross asset and liability amounts, amounts offset on the balance sheet and amounts subject to the offsetting requirements, but not offset on the balance sheet. This standard does not amend the existing guidance on when it is appropriate to offset. An amendment to this standard was subsequently issued to clarify the intended scope of the disclosures. It applies to derivatives, repurchase agreements, and securities lending transactions that are either offset in accordance with Topic 815, Derivatives and Hedging or subject to an enforceable master netting arrangement or similar agreement. The amended standard update is effective for us beginning with our first interim period in fiscal year 2013. The adoption of this standard did not have a material impact on our condensed consolidated financial statements.

An accounting standard update was issued related to obligations stemming from joint and several liability arrangements. It addresses the recognition, measurement and disclosure of obligations when multiple partiesincur joint liabilities where the total amount of the obligation is fixed at the financial reporting date. The standard requires the recognition of the total amount of the liability that the parties are obligated to pay under an arrangement, along with any additional amount the company might expect to pay on behalf of other parties to the liability. This standard is effective for periods beginning with our first interim period in fiscal year 2014, with an option for early adoption. We have adopted this standardearly, in connection with the filing of our Form 8-K on April 17, 2013. See Note17, “Condensed Consolidating Financial Information.”

An accounting standard update was issued related to foreign currency matters. The standard update addresses the accounting for the release of cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a business unit or a group of assets that do not produce a profit within a foreign entity. Under such circumstances, a parent company is required to release any related currency adjustments to earnings. The currency adjustment is released into earnings only if the sale or transfer results in a complete or substantially complete liquidation of the foreign entity in question. The standard update is effective for us for periods beginning with our first interim period in fiscal year 2014. We do not expect that the adoption of this standard will have a material impact on our condensed consolidated financial statements.

An accounting standard was issued relating to the preparation of financial statements when an entity is ceasing operations and selling assets to settle debts with creditors. Financial statements must be prepared using a liquidation basis of accounting to help users understand how much the organization will have available to distribute to investors after disposing of its assets and settling its obligations. The liquidation basis is used when liquidation is “imminent.” Liquidation is considered imminent when there is only a remote likelihood that the organization will return from liquidation, and one of the following conditions is true (a) a plan for liquidation is approved by the relevant organization officials, and the likelihood that the plan will be blocked by other parties is considered remote or (b) a plan for liquidation is being imposed by other forces. The standard is effective for us beginning with our first interim and annual reporting periods in fiscal year 2014. We currently do not expect that the adoption of the standard will have a material impact on our condensed consolidated financial statements.

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INCOME TAXES (DETAILS 2) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013	Mar. 30, 2012	Dec. 28, 2012
Deferred components of income tax expense:
Subtotal	$ (6.9)	$ 2.1
Total income tax expense (benefit)	42.2	48.6
Geographic areas income before income taxes [Abstract]
Total income (loss) before income taxes and noncontrolling interests	129.0	154.1
Current deferred tax assets (liabilities):
Net current deferred tax assets	73.6		67.6
Non-Current deferred tax assets (liabilities):
Net non-current deferred tax liabilities	$ (329.5)		$ (328.3)

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INVENTORY (DETAILS) (USD $) In Millions, unless otherwise specified	Mar. 29, 2013	Dec. 28, 2012
Inventory [Abstract]
Raw materials	$ 12.6	$ 14.2
Work in process	10.7	9.8
Finished goods	24.4	24.9
Supplies	12.4	12.6
Inventory	$ 60.1	$ 61.5

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INVENTORY (TABLES)

3 Months Ended

Mar. 29, 2013

Inventory [Abstract]

Inventory [Table Text Block]

		March 29,		December 28,
(In millions)		2013		2012
Raw materials		$	12.6	$	14.2
Work in progress			10.7		9.8
Finished goods			24.4		24.9
Supplies			12.4		12.6
	Total	$	60.1	$	61.5

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ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS (TABLES)

3 Months Ended

Mar. 29, 2013

Accounts receivable and costs and accrued earnings in excess of billings on contracts [Abstract]

Accounts receivable and costs and accrued earnings in excess of billings on contracts [Table Text Block]

			March 29,		December 28,
(In millions)			2013		2012
Accounts receivable:
	U.S. federal government		$	429.4	$	376.2
	Others			1,092.8		1,178.6
		Total accounts receivable	$	1,522.2	$	1,554.8
Unbilled Accounts Receivable:
	U.S. federal government		$	877.2	$	892.7
	Others			793.2		756.5
		Total		1,670.4		1,649.2
		Less: Amounts included in Other long-term assets		(343.7)		(264.9)
		Unbilled Accounts Receivable	$	1,326.7	$	1,384.3

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COMMITMENTS AND CONTINGENCIES (DETAILS) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013 USAID Egyptian Projects USD ($)	Mar. 29, 2013 New Orlean Levee Failure Class Action Litigation [Member] USD ($) lawsuits	Mar. 29, 2013 Canadian Pipeline Contract [Member] CAD	Mar. 29, 2013 UK Joint Venture [Member]	Mar. 29, 2013 DOE Deactivation, Demolition and Removal Project [Member] USD ($)	Mar. 29, 2013 Bolivian Mine Services Agreement [Member] USD ($)	Mar. 29, 2013 Indemnification of Joint Venture Partner [Member] USD ($)	Mar. 29, 2013 Guarantee of Foreign Credit Facilities and Bank Guarantee Lines [Member] USD ($)
Guarantee Obligations [Line Items]
Guarantee obligations current carrying value							$ 25.0
Bank guarantee outstanding under foreign credit facilities and other banking arrangements								35.6
Loss Contingencies [Line Items]
Loss contingency allegations	In November 2004, the federal government filed an action in the United States District Court for the District of Idaho against WGI Delaware, Contrack International, Inc., and MISR Sons Development S.A.E., an Egyptian construction company, asserting violations under the Federal False Claims Act, the Federal Foreign Assistance Act of 1961, as well as common law theories of payment by mistake and unjust enrichment.	Plaintiffs allege that defendants were negligent in their design, construction and/or maintenance of the New Orleans levees. Specifically, as to WGI Ohio, plaintiffs allege that work WGI Ohio performed adjacent to the Industrial Canal damaged the levee and floodwall, causing or contributing to breaches and flooding.	In January 2010, a pipeline owner filed an action in the Court of Queen’s Bench of Alberta, Canada against Flint, a company we acquired in May 2012, as well as against a number of other defendants, alleging that the defendants negligently provided pipe coating and insulation system services, engineering, design services, construction services, and other work, causing damage to and abandonment of the line. The pipeline owner alleges it has suffered approximately C$85.0 million in damages in connection with the abandonment and replacement of the pipeline.			The mine owner disputed the fair market value of mining equipment it was required to repurchase under the terms of the mine services agreement. Subsequently, on November 16, 2010, Washington Group Bolivia received a formal claim asserting breaches of contractual obligations and warranties, including the failure to adhere to the requisite professional standard of care while performing the mine services agreement.
Loss contingency damages sought	The federal government seeks damages and civil penalties for violations of the statutes as well as a refund of the approximately $373.0 million paid to WGI Delaware under the specified contracts.	Fifty-nine personal injury and property damage class action lawsuits were filed in Louisiana State and federal court against several defendants, including WGI Ohio, seeking $200.0 billion in damages plus attorneys’ fees and costs. Plaintiffs are residents and property owners who claim to have incurred damages from the breach and failure of the hurricane protection levees and floodwalls in the wake of Hurricane Katrina. All 59 lawsuits were pleaded as class actions but none have yet been certified as class actions. Along with WGI Ohio, the U.S. Army Corps of Engineers, the Board for the Orleans Levee District, and its insurer, St. Paul Fire and Marine Insurance Company were also named as defendants. At this time WGI Ohio and the Army Corps of Engineers are the remaining defendants. These 59 lawsuits, along with other hurricane-related cases not involving WGI Ohio, were consolidated in the United States District Court for the Eastern District of Louisiana (“District Court”).	The pipeline owner alleges it has suffered approximately C$85.0 million in damages in connection with the abandonment and replacement of the pipeline			On June 17, 2011, Washington Group Bolivia received a formal demand for arbitration pursuant to the Rules of Arbitration of the International Chamber of Commerce asserting claims up to $52.6 million.
Loss contingency actions taken by court arbitrator or mediator	On April 24, 2012, the Bankruptcy Court ruled that the bulk of the federal government’s claims under the False Claims and the Federal Foreign Assistance Acts are not barred. On November 7, 2012, WGI Delaware appealed the Bankruptcy Court’s decision to the Ninth Circuit Bankruptcy Appellate Panel.	WGI Ohio filed a motion for summary judgment, seeking dismissal on grounds that government contractors are immune from liability. On December 15, 2008, the District Court granted WGI Ohio’s motion for summary judgment, but several plaintiffs appealed that decision to the United States Fifth Circuit Court of Appeals on April 27, 2009. On September 14, 2010, the Court of Appeals reversed the District Court’s summary judgment decision and WGI Ohio’s dismissal, and remanded the case back to the District Court for further litigation. On August 1, 2011, the District Court decided that the government contractor immunity defense would not be available to WGI Ohio at trial, but would be an issue for appeal. Five of the cases were tried in District Court from September 12, 2012 through October 3, 2012.
Loss contingency actions taken by plaintiff and defendant	USAID Egyptian Projects: In March 2003, Washington Group International, Inc., a Delaware company, (“WGI Delaware”), our wholly owned subsidiary, was notified by the Department of Justice that the federal government was considering civil litigation against WGI Delaware for potential violations of the U.S. Agency for International Development (“USAID”) source, origin, and nationality regulations in connection with five of WGI Delaware’s USAID-financed host-country projects located in Egypt beginning in the early 1990s. In November 2004, the federal government filed an action in the United States District Court for the District of Idaho against WGI Delaware, Contrack International, Inc., and MISR Sons Development S.A.E., an Egyptian construction company, asserting violations under the Federal False Claims Act, the Federal Foreign Assistance Act of 1961, as well as common law theories of payment by mistake and unjust enrichment. The federal government seeks damages and civil penalties for violations of the statutes as well as a refund of the approximately $373.0 million paid to WGI Delaware under the specified contracts. WGI Delaware has denied any liability in the action and contests the federal government’s damage allegations and its entitlement to recovery. All USAID projects under the contracts have been completed and are fully operational. In March 2005, WGI Delaware filed a motion in Idaho District Court to dismiss the federal government’s claims or to stay the Idaho action and also a motion in Bankruptcy Court in Nevada to dismiss the government’s claims for failure to give appropriate notice or otherwise preserve its claims. In August 2005, the Bankruptcy Court ruled that all federal government claims were barred. The federal government appealed the Bankruptcy Court's order to the United States District Court for the District of Nevada. In March 2006, the Idaho District Court stayed that action during the pendency of the federal government's appeal of the Bankruptcy Court's ruling. In December 2006, the Nevada District Court reversed the Bankruptcy Court’s order and remanded the matter back to the Bankruptcy Court for further proceedings. WGI Delaware renewed its motion in Bankruptcy Court, and in November 2008, the Bankruptcy Court ruled that the federal government’s common law claims of unjust enrichment and payment by mistake are barred, and could no longer be pursued. On April 24, 2012, the Bankruptcy Court ruled that the bulk of the federal government’s claims under the False Claims and the Federal Foreign Assistance Acts are not barred. On November 7, 2012, WGI Delaware appealed the Bankruptcy Court’s decision to the Ninth Circuit Bankruptcy Appellate Panel. WGI Delaware intends to continue to defend this matter vigorously; however, WGI Delaware cannot provide assurance that it will be successful in these efforts. The potential range of loss and the resolution of these matters cannot be determined at this time primarily due to the very limited factual record that exists in light of our limited ability to evaluate discovery that has been conducted so far at this early stage of the Idaho litigation; the fact that the matter involves unique and complex bankruptcy, international, and federal regulatory legal issues; the uncertainty concerning legal theories and their potential resolution by the courts; and the duration of this matter, as well as a number of additional factors.	New Orleans Levee Failure Class Action Litigation: From July 1999 through May 2005, Washington Group International, Inc., an Ohio company (“WGI Ohio”), a wholly owned subsidiary acquired by us on November 15, 2007, performed demolition, site preparation, and environmental remediation services for the U.S. Army Corps of Engineers on the east bank of the Inner Harbor Navigation Canal (the “Industrial Canal”) in New Orleans, Louisiana. On August 29, 2005, Hurricane Katrina devastated New Orleans. The storm surge created by the hurricane overtopped the Industrial Canal levee and floodwall, flooding the Lower Ninth Ward and other parts of the city. Fifty-nine personal injury and property damage class action lawsuits were filed in Louisiana State and federal court against several defendants, including WGI Ohio, seeking $200.0 billion in damages plus attorneys’ fees and costs. Plaintiffs are residents and property owners who claim to have incurred damages from the breach and failure of the hurricane protection levees and floodwalls in the wake of Hurricane Katrina. All 59 lawsuits were pleaded as class actions but none have yet been certified as class actions. Along with WGI Ohio, the U.S. Army Corps of Engineers, the Board for the Orleans Levee District, and its insurer, St. Paul Fire and Marine Insurance Company were also named as defendants. At this time WGI Ohio and the Army Corps of Engineers are the remaining defendants. These 59 lawsuits, along with other hurricane-related cases not involving WGI Ohio, were consolidated in the United States District Court for the Eastern District of Louisiana (“District Court”). Plaintiffs allege that defendants were negligent in their design, construction and/or maintenance of the New Orleans levees. Specifically, as to WGI Ohio, plaintiffs allege that work WGI Ohio performed adjacent to the Industrial Canal damaged the levee and floodwall, causing or contributing to breaches and flooding. WGI Ohio did not design, construct, repair or maintain any of the levees or the floodwalls that failed during or after Hurricane Katrina. Rather, WGI Ohio performed work adjacent to the Industrial Canal as a contractor for the federal government. WGI Ohio filed a motion for summary judgment, seeking dismissal on grounds that government contractors are immune from liability. On December 15, 2008, the District Court granted WGI Ohio’s motion for summary judgment, but several plaintiffs appealed that decision to the United States Fifth Circuit Court of Appeals on April 27, 2009. On September 14, 2010, the Court of Appeals reversed the District Court’s summary judgment decision and WGI Ohio’s dismissal, and remanded the case back to the District Court for further litigation. On August 1, 2011, the District Court decided that the government contractor immunity defense would not be available to WGI Ohio at trial, but would be an issue for appeal. Five of the cases were tried in District Court from September 12, 2012 through October 3, 2012. On April 12, 2013, the District Court ruled in favor of WGI Ohio and the Army Corps of Engineers finding that the five plaintiffs failed to prove that WGI Ohio’s or the Army Corps of Engineers’ actions caused the failure of the Industrial Canal floodwall during Hurricane Katrina. The plaintiffs will have the right to appeal the decision to the Fifth Circuit Court of Appeals. WGI Ohio intends to continue to defend these matters vigorously; however, WGI Ohio cannot provide assurance that it will be successful in these efforts. The potential range of loss and the resolution of these matters cannot be determined at this time primarily due to the likelihood of an appeal, the unknown number of individual plaintiffs who are actually asserting claims against WGI Ohio; the uncertainty regarding the nature and amount of each individual plaintiff’s damage claims; uncertainty concerning legal theories and factual bases that plaintiffs may present and their resolution by courts or regulators; and uncertainty about the plaintiffs’ claims, if any, that might survive certain key motions of our affiliate, as well as a number of additional factors.	Canadian Pipeline Contract: In January 2010, a pipeline owner filed an action in the Court of Queen’s Bench of Alberta, Canada against Flint, a company we acquired in May 2012, as well as against a number of other defendants, alleging that the defendants negligently provided pipe coating and insulation system services, engineering, design services, construction services, and other work, causing damage to and abandonment of the line. The pipeline owner alleges it has suffered approximately C$85.0 million in damages in connection with the abandonment and replacement of the pipeline. Flint was the construction contractor on the pipeline project. Other defendants were responsible for engineering and design-services and for specifying and providing the actual pipe, insulation and coating materials used in the line. In January 2011, the pipeline owner served a Statement of Claim on Flint and, in September 2011, Flint filed a Statement of Defense denying that the damages to the coating system of the pipeline were caused by any negligence or breach of contract of Flint. Flint believes the damages were caused or contributed to by the negligence of one or more of the co-defendants and/or by the negligent operation of the pipeline owner. Flint intends to continue to defend this matter vigorously; however, it cannot provide assurance that it will be successful, in whole or in part, in these efforts. The potential range of loss and the resolution of this matter cannot be determined at this time primarily due to the early stage of the discovery; the substantial uncertainty regarding the actual cause of the damage to or loss of the line; the nature and amount of each individual damage claim against the various defendants; and the uncertainty concerning legal theories and factual bases that the customer may present against all or some of the defendants.	U.K. Joint Venture: On April 12, 2010, one of our U.K. joint ventures sent several bags of low level non-exempt radioactive waste to a waste disposal facility that was not licensed to handle such waste. On November 15, 2012, the U.K. Environment Agency and the U.K. Department for Transport initiated environmental regulatory proceedings against our U.K. joint venture in the Workington Magistrates’ Court under the U.K. Environmental Permitting Regulations 2010, the Radioactive Substances Act 1993, the Carriage of Dangerous Goods and the use of Transportable Pressure Equipment Regulations 2009. On February 7, 2013, our U.K. joint venture entered a plea of guilty before the Magistrates’ Court and the matter was referred to the Crown Court for sentencing. The potential range of loss and the resolution of this matter cannot be determined at this time primarily due to the fact that the matter involves unique and complex environmental and regulatory legal issues, as well as a number of additional factors.	DOE Deactivation, Demolition, and Removal Project: WGI Ohio executed a cost-reimbursable task order with the DOE in 2007 to provide deactivation, demolition and removal services at a New York State project site that during 2010 experienced contamination and performance issues. In February 2011, WGI Ohio and the DOE executed a Task Order Modification that changed some cost-reimbursable contract provisions to at-risk. The Task Order Modification, including subsequent amendments, requires the DOE to pay all project costs up to $105.9 million, requires WGI Ohio and the DOE to equally share in all project costs incurred from $105.9 million to $145.9 million, and requires WGI Ohio to pay all project costs exceeding $145.9 million. In addition, in September 2011, WGI Ohio voluntarily paid a civil penalty related to the contamination incident. Through March 29, 2013, WGI Ohio has incurred total project costs of $234.9 million and has recorded cumulative project losses of $15.3 million. Due to unanticipated requirements and permitting delays by federal and state agencies, as well as delays and related ground stabilization activities caused by Hurricane Irene, WGI Ohio has been required to perform work outside the scope of the Task Order Modification. Based on changes and delays to date, requests for equitable adjustment (“REA”) amounting to $47.1 million and proposals related to the hurricane-caused impacts and other directed changes in the amount of $105.1 million have been submitted to the DOE for approval. WGI Ohio also expects to submit additional REAs of at least $8.7 million to the DOE in 2013. Through March 29, 2013, the DOE authorized an additional $30.7 million of funding primarily related to the hurricane-caused impacts. In early 2013, WGI Ohio submitted several certified claims against the DOE pursuant to the Contracts Disputes Acts seeking recovery of $100.8 million of the above unfunded REA and proposal costs incurred to date and $4.5 million of fee on the expanded work scope. The final project completion costs are not currently estimable due to continuing delays in permitting, other delays, and approval of a final project plan. WGI Ohio can give no assurance that it will not be obligated to pay some or all of the REAs, non-funded hurricane-caused impacts, the other directed changes, and additional project completion costs, which would negatively impact our future results of operations.	Bolivian Mine Services Agreement: In 2009, a mine service agreement performed by our wholly owned subsidiary, Washington Group Bolivia, was unilaterally terminated for convenience by the mine owner. The mine owner disputed the fair market value of mining equipment it was required to repurchase under the terms of the mine services agreement. Subsequently, on November 16, 2010, Washington Group Bolivia received a formal claim asserting breaches of contractual obligations and warranties, including the failure to adhere to the requisite professional standard of care while performing the mine services agreement. On June 17, 2011, Washington Group Bolivia received a formal demand for arbitration pursuant to the Rules of Arbitration of the International Chamber of Commerce asserting claims up to $52.6 million. Washington Group Bolivia brought a $50 million counterclaim on August 3, 2012 against the mine owner asserting claims of wrongful termination and lost productivity. Arbitration on the mine owner’s claims and Washington Group Bolivia’s counterclaims commenced and concluded in December 2012. In the course of the arbitration proceedings, the mine owner has reduced its claims to approximately $32.2 million, while Washington Group Bolivia has refined its counterclaim amount to not more than $62.9 million. Washington Group Bolivia intends to continue to defend this matter vigorously; however, we cannot provide assurance that it will be successful in these efforts. While Washington Group Bolivia believes that the mine owner’s claims are largely without merit, the potential range of loss and the resolution of these matters cannot be determined at this time due to a number of factors, including the uncertainty of how the arbitration tribunal will apply the multiple legal theories and factual bases for the parties’ respective claims and defenses and the added complexity that comes from the fact that the parties, project location and applicable law span multiple countries and jurisdictions.  Washington Group Bolivia brought a $50 million counterclaim on August 3, 2012 against the mine owner asserting claims of wrongful termination and lost productivity. Arbitration on the mine owner’s claims and Washington Group Bolivia’s counterclaims commenced and concluded in December 2012. In the course of the arbitration proceedings, the mine owner has reduced its claims to approximately $32.2 million, while Washington Group Bolivia has refined its counterclaim amount to not more than $62.9 million.
Cumulative project losses					15.3
Total damages against all defendants claimed in the legal matter	373.0	200,000.0	85.0			52.6
Amount of counterclaim						50
Maximum amount of counterclaim						62.9
Task order modification costs threshold below to be paid by customer					105.9
Task order modification costs to be paid equally by customer and company - range minimum					105.9
Task order modification costs to be paid equally by customer and company - range maximum					145.9
Task order modification costs threshold above to be paid by Company					145.9
Requests for equitable adjustment					47.1
Additional requests for equitable adjustment expected to be submitted					8.7
Project reimbursement request arising from acts of nature					105.1
Total project costs					234.9
Loss contingency, number of lawsuits filed		59
Loss contingency, number of settled and dismissed claims		5
Authorized project reimbursements arising from acts of nature					30.7
Loss contingency revised value of damages sought						32.2
Claim for unfunded requests for equitable adjustment (REA)					100.8
Claim for fee					$ 4.5

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JOINT VENTURES (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended				12 Months Ended
	Mar. 29, 2013		Mar. 30, 2012		Dec. 28, 2012	Dec. 30, 2011
Joint ventures (Textuals) [Abstract]
Unconsolidated VIEs, Distributions	$ 23.1		$ 18.6		$ 18.6
Example of the joint venture activities	The following are examples of activities currently being performed by our significant consolidated and unconsolidated joint ventures: Engineering, procurement and construction of a concrete dam; Liquid waste management services, including the decontamination of a former nuclear fuel reprocessing facility and nuclear hazardous waste processing; Management of ongoing tank cleanup effort, including retrieving, treating, storing and disposing of nuclear waste that is stored at tank farms; Management, operation and cleanup services, including commercial operations, decontamination, decommissioning, and waste management of a nuclear facility in the United Kingdom (“U.K.”); and Operations, maintenance, asset management and project management services to the Canadian energy sector.
Review of our joint ventures	We perform a quarterly review of our joint ventures to determine whether there were any changes in the status of the VIEs or changes to the primary beneficiary designation of each VIE. We determined that no such changes occurred during the three months ended March 29, 2013.
Consolidated Joint Ventures [Abstract]
Cash and cash equivalents	248.8		1,309.5		314.5	436.0
Net accounts receivable	2,781.1				2,869.4
Other current assets	186.9				204.2
Accounts and subcontractors payable	680.7				803.5
Billings in excess of costs and accrued earnings on contracts	264.2				289.1
Accrued expenses and other	259.5				277.8
Total URS equity	3,616.6				3,621.1
Noncontrolling interests	140.2				141.9
Unconsolidated Joint Ventures [Abstract]
Current assets	3,350.5				3,517.2
Current liabilities	1,822.6				2,001.0
Revenues	2,802.5		2,361.5
Cost of revenues	(2,651.3)		(2,203.2)
Income (loss) from continuing operations before taxes	129.0		154.1
Net income	71.9		79.7
Sale of Equity Investment [Abstract]
Other income, net	(2.5)		2.5
Consolidated Joint Ventures [Member]
Consolidated Joint Ventures [Abstract]
Cash and cash equivalents	66.4				80.1
Net accounts receivable	262.2				282.2
Other current assets	2.6				2.9
Non-current assets	122.7				143.3
Total assets	453.9				508.5
Accounts and subcontractors payable	120.3				185.0
Billings in excess of costs and accrued earnings on contracts	4.6				8.7
Accrued expenses and other	43.5				40.0
Non-current liabilities	12.0				22.7
Total liabilities	180.4				256.4
Total URS equity	133.3				110.2
Noncontrolling interests	140.2				141.9
Total owners' equity	273.5				252.1
Total liabilities and owners' equity	453.9				508.5
Unconsolidated Joint Ventures [Abstract]
Revenues	254.1		359.5
Unconsolidated VIEs [Member]
Consolidated Joint Ventures [Abstract]
Non-current assets	31.7				23.8
Non-current liabilities	11.5				7.8
Unconsolidated Joint Ventures [Abstract]
Current assets	681.0				594.1
Current liabilities	453.1				372.5
Revenues	546.4	[1]	363.9	[1]
Cost of revenues	(486.7)	[1]	(299.9)	[1]
Income (loss) from continuing operations before taxes	59.7	[1]	64.0	[1]
Net income	$ 56.0	[1]	$ 58.2	[1]

[1] Income from unconsolidated U.S. joint ventures is generally not taxable in most tax jurisdictions in the U.S. The tax expenses on our other unconsolidated joint ventures are primarily related to foreign taxes.

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JOINT VENTURES (TABLES)

3 Months Ended

Mar. 29, 2013

Consolidated Joint Ventures [Abstract]

Schedule of consolidated joint ventures [Table Text Block]

			March 29,		December 28,
(In millions)			2013		2012
Cash and cash equivalents			$	66.4	$	80.1
Net accounts receivable				262.2		282.2
Other current assets				2.6		2.9
Noncurrent assets				122.7		143.3
		Total assets	$	453.9	$	508.5
Accounts and subcontractors payable			$	120.3	$	185.0
Billings in excess of costs and accrued earnings on contracts				4.6		8.7
Accrued expenses and other				43.5		40.0
Noncurrent liabilities				12.0		22.7
	Total liabilities			180.4		256.4
Total URS equity				133.3		110.2
Noncontrolling interests				140.2		141.9
	Total owners’ equity			273.5		252.1
		Total liabilities and owners’ equity	$	453.9	$	508.5

Unconsolidated Joint Ventures [Abstract]

Schedule of unconsolidated joint ventures [Table Text Block]

	Unconsolidated
(In millions)	VIEs
March 29, 2013
Current assets	$	681.0
Noncurrent assets	$	31.7
Current liabilities	$	453.1
Noncurrent liabilities	$	11.5
December 28, 2012
Current assets	$	594.1
Noncurrent assets	$	23.8
Current liabilities	$	372.5
Noncurrent liabilities	$	7.8
Three months ended March 29, 2013 (1)
Revenues	$	546.4
Cost of revenues	$	(486.7)
Income from continuing operations before tax	$	59.7
Net income	$	56.0
Three months ended March 30, 2012 (1)
Revenues	$	363.9
Cost of revenues	$	(299.9)
Income from continuing operations before tax	$	64.0
Net income	$	58.2

• Income from unconsolidated U.S. joint ventures is generally not taxable in most tax jurisdictions in the United States. The tax expenses on our other unconsolidated joint ventures are primarily related to foreign taxes.

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PROPERTY AND EQUIPMENT (TABLES)

3 Months Ended

Mar. 29, 2013

Property plant and equipment [Abstract]

Property and equipment [Table Text Block]

		March 29,		December 28,
(In millions)		2013		2012
Construction and mining equipment		$	268.6	$	266.4
Computer software			227.3		219.5
Computer hardware			206.7		198.2
Vehicles and automotive equipment			172.9		172.2
Leasehold improvements			136.2		130.1
Land and buildings			112.5		114.1
Furniture and fixtures			92.2		97.7
Other equipment			74.7		72.4
Construction in progress			20.8		15.6
			1,311.9		1,286.2
Accumulated depreciation and amortization			(631.4)		(598.7)
	Property and equipment at cost, net (1)	$	680.5	$	687.5

• The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

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BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES

NOTE 1. BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES

Overview

The terms “we,” “us,” and “our” used in these financial statements refer to URS Corporation and its consolidated subsidiaries unless otherwise indicated. We are a leading international provider of engineering, construction and technical services. We offer a broad range of program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to public agencies and private sector clients around the world. We also are a United States (“U.S.”) federal government contractor in the areas of systems engineering and technical assistance, operations and maintenance, and information technology (“IT”) services.Headquartered in San Francisco, we have more than 50,000 employees in a global network of offices in nearly50 countries. We operate through four reporting segments: the Infrastructure & Environment Division, the Federal Services Division, the Energy & Construction Division, and the Oil & Gas Division. Our Oil & Gas Division is composed of the former operations of Flint Energy Services Ltd. (“Flint”), which we acquired on May 14, 2012.

The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the U.S. for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.

You should read our unaudited condensed consolidated financial statements in conjunction with the audited consolidated financial statements and related notes contained in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012. The results of operations for the three months ended March 29, 2013 are not indicative of the operating results for the full year or for future years.

In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all normal andrecurring adjustments that are necessary for a fair statement of our financial position, results of operations and cash flows for the interim periods presented.

The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the balance sheet dates as well as the reported amounts of revenues and costs during the reporting periods. Actual results could differ from those estimates. On an ongoing basis, we review our estimates based on information that is currently available. Changes in facts and circumstances may cause us to revise our estimates.

Principles of Consolidation and Basis of Presentation

Our condensed consolidated financial statements include the financial position, results of operations and cash flows of URS Corporation and our majority-owned subsidiaries and joint ventures that are required to be consolidated.

The operating results of Flintprior to the acquisition date, May 14, 2012, are notincluded in our condensed consolidated financial statements. See Note 8, “Acquisition,” for more information regarding this acquisition.

Investments in unconsolidated joint ventures are accounted for using the equity method and are included as investments in and advances to unconsolidated joint ventures on our Condensed Consolidated Balance Sheets. All significant intercompany transactions and accounts have been eliminated in consolidation.

Reclassifications

We made reclassifications to the prior year's financial statements to conform them to the current period's presentation.These reclassifications have no effect on our consolidated net cash flows or consolidated net income.

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid investments with maturities of 90 days or less at the date of purchase and include interest-bearing bank deposits and money market funds. AtMarch 29, 2013 and December 28, 2012, our restricted cash balanceswere$15.2million and $17.1 million, respectively. These amounts were included in “Other current assets” on our Condensed Consolidated Balance Sheets. For cash held by our consolidated joint ventures, see Note 6, “Joint Ventures.”

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ACQUISITION (TABLES)

3 Months Ended

Mar. 29, 2013

Business acquisition, pro forma information [Abstract]

Business acquisition, pro forma information [Table Text Block]

		Pro Forma Three Months Ended
(In millions, except per share data)		March 30, 2012
Revenues		$	2,931.8
Net income (loss) including noncontrolling interests		$	107.1
Net income (loss) attributable to URS			81.3
Earnings (loss) per share:
	Basic EPS	$	1.10
	Diluted EPS	$	1.09

Business acquisition, pro forma nonrecurring adjustments [Abstract]

Business acquisition, pro forma nonrecurring adjustments [Table Text Block]

	Pro Forma
Pre-tax, nonrecurring adjustment (In millions)	Three Months Ended
		March 30, 2012
Acquisition-related expenses	$	7.3

• Included in the pro forma results for the threemonths ended March 30, 2012 is a nonrecurring adjustment related to URS and Flintacquisition-related expenses.

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BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013 reportingunits countries employees	Mar. 30, 2012	Dec. 28, 2012
Cash and cash equivalents (Textuals) [Abstract]
Restricted cash and cash equivalents	$ 15.2		$ 17.1
Organization, consolidation and presentation of financial statements, as shown (Textuals) [Abstract]
Entity number of employees	50,000
Number of countries in which entity operates	50
Number of operating segments	4
Condensed Consolidated Statements of Operations Data [Abstract]
Income (loss) before income taxes	129.0	154.1
Income tax benefit (expense)	(42.2)	(48.6)
Net income (loss) including noncontrolling interests	86.8	105.5
Noncontrolling interests in income of consolidated subsidiaries	(14.9)	(25.8)
Net income (loss) attributable to URS	71.9	79.7
Condensed Consolidated Statements of Comprehensive Income Data [Abstract]
Comprehensive income (loss)	54.4	127.0
Condensed Consolidated Statements of Changes in Stockholders Equity Data [Abstract]
Distributions to noncontrolling interests	(15.7)	(15.5)
Condensed Consolidated Statements of Cash Flows Data [Abstract]
Accounts payable, accrued salaries and employee benefits, and other current liabilities	(129.9)	(20.1)
Other long-term liabilities	$ 35.2	$ (4.1)

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SEGMENT AND RELATED INFORMATION (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013 reportingunits		Mar. 30, 2012		Dec. 28, 2012
Segment additional assets information [Abstract]
Investments in and advances to subsidiaries and unconsolidated joint ventures	$ 272.2				$ 278.3
Property and equipment at cost, net	680.5	[1]			687.5	[1]
Total assets	8,624.0				8,786.5
Segment additional income statement information [Abstract]
Revenues	2,802.5		2,361.5
Equity in income (loss) of unconsolidated joint ventures	24.1		28.7
URS operating income (loss)	137.7	[2]	135.6	[2]
Operating income (loss)	152.6		161.4
Depreciation and amortization	67.5		37.2
Segment reporting disclosure (Textuals) [Abstract]
Number of operating segments	4
Description of reportable segments	We operate our business through the following four segments: Infrastructure & Environment Division provides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally. Federal Services Division provides services to various U.S. federal government agencies, primarily the Department of Defense. These services include program management, planning, design and engineering, systems engineering and technical assistance, construction and construction management, operations and maintenance, IT services, and decommissioning and closure. Energy & Construction Division provides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally. Oil & Gas Division provides oilfield services, including rig transportation and fluid hauling services, facility and pipeline construction, module fabrication, and maintenance services, for the oil and gas industry in the U.S. and Canada.
Interim goodwill impairment review (Textuals) [Abstract]
Number of reporting units whose book value exceeds its fair value	3
Number of reporting units included in goodwill impairment review	7
US Army [Member]
Segment additional income statement information [Abstract]
Revenues	446.2	[3]	441.8	[3]
Segment reporting disclosure of entity's reportable segments revenues by major customers [Abstract]
Percentage of revenues from major customers	16.00%	[3]	19.00%	[3]
DOE [Member]
Segment additional income statement information [Abstract]
Revenues	211.8		260.0
Segment reporting disclosure of entity's reportable segments revenues by major customers [Abstract]
Percentage of revenues from major customers	8.00%		11.00%
Federal Market Sector [Member]
Segment reporting disclosure of entity's reportable segments revenues by major customers [Abstract]
Percentage of revenues from major customers	38.00%		50.00%
Infrastructure and Environment [Member]
Segment additional assets information [Abstract]
Investments in and advances to subsidiaries and unconsolidated joint ventures	9.0				8.1
Property and equipment at cost, net	139.8				141.0
Total assets	2,180.7				2,267.5
Segment additional income statement information [Abstract]
Revenues	933.4		964.2
Equity in income (loss) of unconsolidated joint ventures	1.1		0.8
URS operating income (loss)	40.8	[2]	45.4	[2]
Operating income (loss)	41.3		45.9
Depreciation and amortization	12.5		14.4
Infrastructure and Environment [Member] | US Army [Member]
Segment additional income statement information [Abstract]
Revenues	33.0	[3]	43.8	[3]
Infrastructure and Environment [Member] | DOE [Member]
Segment additional income statement information [Abstract]
Revenues	1.1		1.1
Federal Services [Member]
Segment additional assets information [Abstract]
Investments in and advances to subsidiaries and unconsolidated joint ventures	6.6				5.7
Property and equipment at cost, net	40.0				36.6
Total assets	1,636.9				1,645.8
Segment additional income statement information [Abstract]
Revenues	678.2		717.1
Equity in income (loss) of unconsolidated joint ventures	1.4		1.6
URS operating income (loss)	99.1	[2]	93.0	[2]
Operating income (loss)	99.1		93.0
Depreciation and amortization	9.3		9.6
Federal Services [Member] | US Army [Member]
Segment additional income statement information [Abstract]
Revenues	388.4	[3]	373.1	[3]
Federal Services [Member] | DOE [Member]
Segment additional income statement information [Abstract]
Revenues	3.9		5.9
Energy and Construction [Member]
Segment additional assets information [Abstract]
Investments in and advances to subsidiaries and unconsolidated joint ventures	119.6				124.5
Property and equipment at cost, net	58.4				60.1
Total assets	2,762.9				2,776.5
Segment additional income statement information [Abstract]
Revenues	664.8		725.7
Equity in income (loss) of unconsolidated joint ventures	21.7		26.3
URS operating income (loss)	12.3	[2]	22.8	[2]
Operating income (loss)	27.1		48.1
Depreciation and amortization	12.0		11.7
Energy and Construction [Member] | US Army [Member]
Segment additional income statement information [Abstract]
Revenues	24.8	[3]	24.9	[3]
Energy and Construction [Member] | DOE [Member]
Segment additional income statement information [Abstract]
Revenues	206.8		253.0
Oil and Gas [Member]
Segment additional assets information [Abstract]
Investments in and advances to subsidiaries and unconsolidated joint ventures	137.0				140.0
Property and equipment at cost, net	412.6				422.9
Total assets	1,860.3				1,904.4
Segment additional income statement information [Abstract]
Revenues	583.8	[4]
Equity in income (loss) of unconsolidated joint ventures	(0.1)
URS operating income (loss)	8.2	[2],[4]
Operating income (loss)	7.8	[4]
Depreciation and amortization	31.6	[4]
Corporate [Member]
Segment additional assets information [Abstract]
Property and equipment at cost, net	29.7				26.9
Total assets	183.2				192.3
Segment additional income statement information [Abstract]
URS operating income (loss)	(22.7)	[2],[5]	(25.6)	[2]
Operating income (loss)	(22.7)		(25.6)
Depreciation and amortization	2.1		1.5
Inter-segment Eliminations and Other [Member]
Segment additional income statement information [Abstract]
Revenues	$ (57.7)		$ (45.5)

[1]          The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

[2] We are providing information regarding URS operating income (loss) by segment because management uses this information to assess performance and make decisions about resource allocation. URS operating income is defined as segment operating income after reduction for pre-tax noncontrolling interests, but before the reduction of any pre-tax goodwill impairment charges.

[3] The U.S. Army includes U.S. Army Corps of Engineers.

[4] The operating results of Flint have been included in our consolidated results since the acquisition on May 14, 2012.

[5] Corporate includes expenses related to corporate functions and acquisition-related expenses.

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 29, 2013		Dec. 28, 2012
Current assets:
Cash and cash equivalents	$ 248,800,000		$ 314,500,000
Accounts receivable, including retentions of $129.1 and $114.4, respectively	1,522,200,000		1,554,800,000
Costs and accrued earnings in excess of billings on contracts	1,326,700,000		1,384,300,000
Less receivable allowances	(67,800,000)		(69,700,000)
Net accounts receivable	2,781,100,000		2,869,400,000
Deferred tax assets	73,600,000		67,600,000
Inventory	60,100,000		61,500,000
Other current assets	186,900,000		204,200,000
Total current assets	3,350,500,000		3,517,200,000
Investments in and advances to subsidiaries and unconsolidated joint ventures	272,200,000		278,300,000
Property and equipment at cost, net	680,500,000	[1]	687,500,000	[1]
Intangible assets, net	655,500,000		692,200,000
Goodwill	3,229,900,000		3,247,100,000
Other long-term assets	435,400,000		364,200,000
Total assets	8,624,000,000		8,786,500,000
Current liabilities:
Current portion of long-term debt	83,000,000		71,800,000
Accounts payable and subcontractors payable, including retentions of $31.9 and $32.3, respectively	680,700,000		803,500,000
Accrued salaries and employee benefits	535,200,000		558,800,000
Billings in excess of costs and accrued earnings on contracts	264,200,000		289,100,000
Other current liabilities	259,500,000		277,800,000
Total current liabilities	1,822,600,000		2,001,000,000
Long-term debt	2,002,400,000		1,992,500,000
Deferred tax liabilities	329,500,000		328,300,000
Self-insurance reserves	133,100,000		129,800,000
Pension and post-retirement benefit obligations	288,500,000		300,900,000
Other long-term liabilities	291,100,000		271,000,000
Total liabilities	4,867,200,000		5,023,500,000
Commitments and contingencies
URS stockholders' equity:
Preferred stock, authorized 3.0 shares; no shares outstanding	0		0
Common stock par value $.01; authorized 200.0 shares; 89.1 and 88.9 shares issued, respectively; and 76.0 and 76.8 shares outstanding, respectively	900,000		900,000
Treasury stock, 13.1 and 12.1 shares at cost, respectively	(540,000,000)		(494,900,000)
Additional paid-in capital	3,021,000,000		3,003,900,000
Accumulated other comprehensive loss	(145,600,000)		(113,200,000)
Retained earnings	1,280,300,000		1,224,400,000
Total URS stockholders' equity	3,616,600,000		3,621,100,000
Noncontrolling interests	140,200,000		141,900,000
Total stockholders' equity	3,756,800,000		3,763,000,000
Total liabilities and stockholders' equity	$ 8,624,000,000		$ 8,786,500,000

[1]          The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

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PROPERTY AND EQUIPMENT (DETAILS) (USD $) In Millions, unless otherwise specified	Mar. 29, 2013		Dec. 28, 2012
Depreciation and amortization expense related to property and equipment (Textuals) [Abstract]
Unamortized computer software costs	$ 74.5		$ 71.1
Property plant and equipment [Line Items]
Property plant and equipment, gross	1,311.9		1,286.2
Accumulated depreciation and amortization	(631.4)		(598.7)
Property and equipment at cost, net	680.5	[1]	687.5	[1]
Construction and mining equipment [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	268.6		266.4
Computer software [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	227.3		219.5
Computer hardware [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	206.7		198.2
Vehicles and automotive equipment [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	172.9		172.2
Leasehold improvements [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	136.2		130.1
Land and buildings [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	112.5		114.1
Furniture and fixtures [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	92.2		97.7
Other equipment [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	74.7		72.4
Construction in progress [Member]
Property plant and equipment [Line Items]
Property plant and equipment, gross	$ 20.8		$ 15.6

[1]          The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) In Millions	Total	Common Stock Activities [Member]	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total URS Stockholders' Equity	Noncontrolling Interests
Beginning Balances at Dec. 30, 2011	$ 3,484.4	$ 0.9	$ (454.9)	$ 2,966.8	$ (110.8)	$ 975.2	$ 3,377.2	$ 107.2
Beginning Balances (in shares) at Dec. 30, 2011		76.7
Employee stock purchases and exercises of stock options	1.0			1.0			1.0
Stock repurchased in connection with exercises of stock options and vesting of restricted stock awards	(0.1)			(0.1)			(0.1)
Stock-based compensation	11.3			11.3			11.3
Stock-based compensation (in shares)		0.2
Excess tax benefits from stock-based compensation	0.4			0.4			0.4
Foreign currency translation adjustments, net of tax	21.1				21.1		21.1
Pension and post-retirement related adjustments, net of tax	1.1				1.1		1.1
Loss on derivative instruments, net of tax	(0.7)				(0.7)		(0.7)
Repurchases of common stock	(40.0)		(40.0)				(40.0)
Repurchases of common stock (in shares)		(1.0)
Cash dividends declared	(15.2)					(15.2)	(15.2)
Distributions to noncontrolling interests	(15.5)							(15.5)
Contributions and advances from noncontrolling interests	0.5							0.5
Other transactions with noncontrolling interests	0.7							0.7
Net income (loss) including noncontrolling interests	105.5					79.7	79.7	25.8
Ending Balances at Mar. 30, 2012	3,554.5	0.9	(494.9)	2,979.4	(89.3)	1,039.7	3,435.8	118.7
Ending Balances (in shares) at Mar. 30, 2012		75.9
Beginning Balances at Dec. 28, 2012	3,763.0	0.9	(494.9)	3,003.9	(113.2)	1,224.4	3,621.1	141.9
Beginning Balances (in shares) at Dec. 28, 2012	76.8	76.8
Employee stock purchases and exercises of stock options	6.3			6.3			6.3
Employee stock purchases and exercises of stock options (in shares)		0.2
Stock repurchased in connection with exercises of stock options and vesting of restricted stock awards	(0.2)			(0.2)			(0.2)
Stock-based compensation	11.0			11.0			11.0
Foreign currency translation adjustments, net of tax	(36.3)				(36.3)		(36.3)
Pension and post-retirement related adjustments, net of tax	3.9				3.9		3.9
Repurchases of common stock	(45.1)		(45.1)				(45.1)
Repurchases of common stock (in shares)		(1.0)
Cash dividends declared	(16.0)					(16.0)	(16.0)
Distributions to noncontrolling interests	(15.7)							(15.7)
Contributions and advances from noncontrolling interests	0.4							0.4
Other transactions with noncontrolling interests	(1.3)							(1.3)
Net income (loss) including noncontrolling interests	86.8					71.9	71.9	14.9
Ending Balances at Mar. 29, 2013	$ 3,756.8	$ 0.9	$ (540.0)	$ 3,021.0	$ (145.6)	$ 1,280.3	$ 3,616.6	$ 140.2
Ending Balances (in shares) at Mar. 29, 2013	76.0	76.0

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended			12 Months Ended			12 Months Ended									3 Months Ended		12 Months Ended			3 Months Ended			3 Months Ended		12 Months Ended			3 Months Ended		12 Months Ended			3 Months Ended		12 Months Ended
	Mar. 29, 2013		Mar. 30, 2012	Dec. 28, 2012		Dec. 30, 2011	Dec. 28, 2012 As Reported [Member]	Mar. 29, 2013 Senior Notes [Member]	Mar. 30, 2012 Senior Notes [Member]	Mar. 29, 2013 3.85% Senior Notes (net of discount) [Member]	Dec. 28, 2012 3.85% Senior Notes (net of discount) [Member]	Mar. 15, 2012 3.85% Senior Notes (net of discount) [Member]	Mar. 29, 2013 5.00% Senior Notes (net of discount) [Member]	Dec. 28, 2012 5.00% Senior Notes (net of discount) [Member]	Mar. 15, 2012 5.00% Senior Notes (net of discount) [Member]	Mar. 29, 2013 Issuer parent [Member]	Mar. 30, 2012 Issuer parent [Member]	Dec. 28, 2012 Issuer parent [Member]	Dec. 28, 2012 Issuer parent [Member] As Reported [Member]	Dec. 28, 2012 Issuer parent [Member] Adjustment [Member]	Mar. 29, 2013 Issuer Fox LP [Member]	Dec. 28, 2012 Issuer Fox LP [Member]	Dec. 28, 2012 Issuer Fox LP [Member] As Reported [Member]	Mar. 29, 2013 Guarantors [Member]	Mar. 30, 2012 Guarantors [Member]	Dec. 28, 2012 Guarantors [Member]	Dec. 28, 2012 Guarantors [Member] As Reported [Member]	Dec. 28, 2012 Guarantors [Member] Adjustment [Member]	Mar. 29, 2013 Non-guarantors [Member]	Mar. 30, 2012 Non-guarantors [Member]	Dec. 28, 2012 Non-guarantors [Member]	Dec. 28, 2012 Non-guarantors [Member] As Reported [Member]	Dec. 28, 2012 Non-guarantors [Member] Adjustment [Member]	Mar. 29, 2013 Eliminations [Member]	Mar. 30, 2012 Eliminations [Member]	Dec. 28, 2012 Eliminations [Member]	Dec. 28, 2012 Eliminations [Member] As Reported [Member]	Dec. 28, 2012 Eliminations [Member] Adjustment [Member]
Current assets:
Cash and cash equivalents	$ 248.8		$ 1,309.5	$ 314.5			$ 314.5									$ 49.0	$ 1,086.6	$ 14.4	$ 14.4					$ 13.0	$ 16.3	$ 16.3	$ 16.3		$ 226.9	$ 267.1	$ 285.4	$ 285.4		$ (40.1)	$ (60.5)	$ (1.6)	$ (1.6)
Accounts receivable, including retentions	1,522.2			1,554.8			1,554.8																	828.7		771.3	771.2	0.1	724.2		811.8	811.8		(30.7)		(28.3)	(28.2)	(0.1)
Costs and accrued earnings in excess of billings on contracts	1,326.7			1,384.3			1,384.3																	765.3		876.9	876.9		565.2		515.7	515.7		(3.8)		(8.3)	(8.3)
Less receivable allowances	(67.8)			(69.7)			(69.7)																	(30.0)		(29.1)	(29.1)		(37.8)		(40.6)	(40.6)
Net accounts receivable	2,781.1			2,869.4			2,869.4																	1,564.0		1,619.1	1,619.0	0.1	1,251.6		1,286.9	1,286.9		(34.5)		(36.6)	(36.5)	(0.1)
Intercompany accounts receivable																1,757.1		1,793.2	1,765.8	27.4	25.1	22.4	22.4	3,944.1		3,933.1	4,248.9	(315.8)	1,289.4		1,269.0	1,530.6	(261.6)	(7,015.7)		(7,017.7)	(7,567.7)	550.0
Deferred tax assets	73.6			67.6			67.6									7.8		6.8	6.8					64.8		60.3	60.3		1.0		0.5	0.5
Inventory	60.1			61.5			61.5																	4.8		5.5	5.5		55.3		56.0
Other current assets	186.9			204.2			204.2									35.0		38.2	38.2					78.6		65.5	65.5		94.0		111.3	111.3		(20.7)		(10.8)	(10.8)
Total current assets	3,350.5			3,517.2			3,517.2									1,848.9		1,852.6	1,825.2	27.4	25.1	22.4	22.4	5,669.3		5,699.8	6,015.5	(315.7)	2,918.2		3,009.1	3,270.7	(261.6)	(7,111.0)		(7,066.7)	(7,616.6)	549.9
Investments in and advances to subsidiaries and unconsolidated joint ventures	272.2			278.3			278.3									5,435.5		5,400.6	5,400.5	0.1	28.4	20.7	20.7	1,746.0		1,812.2	1,812.0	0.2	256.3		262.9	258.9	4.0	(7,194.0)		(7,218.1)	(7,213.8)	(4.3)
Property and equipment at cost, net	680.5	[1]		687.5	[1]		687.5									29.7		26.9	26.9					159.0		159.7	159.7		491.8		500.9	500.9
Intangible assets, net	655.5			692.2			692.2									0.2		0.2	0.2					214.5		223.3	223.5	(0.2)	440.8		468.7	468.5	0.2
Goodwill	3,229.9			3,247.1			3,247.1																	1,778.7		1,778.7	1,778.7		1,451.2		1,468.4	1,468.4
Other long-term assets	435.4			364.2			364.2									21.5		22.3	22.4	(0.1)				337.0		231.3	231.3		81.6		115.1	115.3	(0.2)	(4.7)		(4.5)	(4.8)	0.3
Total assets	8,624.0			8,786.5			8,786.5									7,335.8		7,302.6	7,275.2	27.4	53.5	43.1	43.1	9,904.5		9,905.0	10,220.7	(315.7)	5,639.9		5,825.1	6,082.7	(257.6)	(14,309.7)		(14,289.3)	(14,835.2)	545.9
Current liabilities:
Current portion of long-term debt	83.0			71.8			71.8									32.6		18.9	18.9					9.9		10.0	10.0		40.5		42.9	42.9
Accounts payable and subcontractors payable, including retentions	680.7			803.5			803.5									4.3		4.2	4.1	0.1				344.9		382.7	382.8	(0.1)	371.3		454.8	454.8		(39.8)		(38.2)	(38.2)
Accrued salaries and employee benefits	535.2			558.8			558.8									33.3		41.0	41.1	(0.1)				338.2		362.7	362.6	0.1	163.7		155.1	155.1
Billings in excess of costs and accrued earnings on contracts	264.2			289.1			289.1																	147.0		146.3	146.4	(0.1)	117.4		143.0	143.0		(0.2)		(0.2)	(0.3)	0.1
Intercompany accounts payable																3,107.7		3,165.7	3,138.3	27.4	6.7	14.7	14.7	2,804.5		2,793.4	3,109.1	(315.7)	1,096.8		1,043.9	1,305.6	(261.7)	(7,015.7)		(7,017.7)	(7,567.7)	550.0
Short-term intercompany notes payable																14.3		14.3	14.3					20.2		20.0	20.0		21.6		21.6	599.2	(577.6)	(56.1)		(55.9)	(633.5)	577.6
Other current liabilities	259.5			277.8			277.8									101.8		59.5	59.4	0.1	16.8	8.6	8.6	128.0		146.2	146.3	(0.1)	78.5		78.0	74.0	4.0	(65.6)		(14.5)	(10.5)	(4.0)
Total current liabilities	1,822.6			2,001.0			2,001.0									3,294.0		3,303.6	3,276.1	27.5	23.5	23.3	23.3	3,792.7		3,861.3	4,177.2	(315.9)	1,889.8		1,939.3	2,774.6	(835.3)	(7,177.4)		(7,126.5)	(8,250.2)	1,123.7
Long-term debt	2,002.4			1,992.5			1,992.5									1,001.7		952.2	952.2		699.6	699.6	699.6	16.8		16.9	16.9		284.3		323.8	323.8
Deferred tax liabilities	329.5			328.3			328.3																	251.3		247.5	247.6	(0.1)	82.9		85.6	85.5	0.1	(4.7)		(4.8)	(4.8)
Self-insurance reserves	133.1			129.8			129.8																	17.6		18.3	18.3		115.5		111.5	111.5
Pension and post-retirement benefit obligations	288.5			300.9			300.9																	181.1		185.4	185.4		107.4		115.5	115.5
Long-term intercompany notes payable																								564.3		561.7	561.7		1,267.3		1,265.4	687.8	577.6	(1,831.6)		(1,827.1)	(1,249.5)	(577.6)
Other long-term liabilities	291.1			271.0			271.0									3.1		2.8	2.9	(0.1)				238.0		197.1	197.0	0.1	50.0		71.1	71.1
Total liabilities	4,867.2			5,023.5			5,023.5									4,298.8		4,258.6	4,231.2	27.4	723.1	722.9	722.9	5,061.8		5,088.2	5,404.1	(315.9)	3,797.2		3,912.2	4,169.8	(257.6)	(9,013.7)		(8,958.4)	(9,504.5)	546.1
Commitments and contingencies
URS stockholders' equity	3,616.6			3,621.1			3,621.1									3,616.6		3,621.1	3,621.1		11.2	8.0	8.0	5,435.5		5,400.6	5,400.4	0.2	1,737.2		1,805.3	1,805.3		(7,183.9)		(7,213.9)	(7,213.7)	(0.2)
Intercompany notes receivable																(579.6)		(577.1)	(577.1)		(680.8)	(687.8)	(687.8)	(592.8)		(583.8)	(583.8)		(34.5)		(34.3)	(34.3)		1,887.7		1,883.0	1,883.0
Total URS stockholders' equity	3,616.6			3,621.1			3,621.1									3,037.0		3,044.0	3,044.0		(669.6)	(679.8)	(679.8)	4,842.7		4,816.8	4,816.6	0.2	1,702.7		1,771.0	1,771.0		(5,296.2)		(5,330.9)	(5,330.7)	(0.2)
Noncontrolling interests	140.2			141.9			141.9																						140.0		141.9	141.9		0.2
Total stockholders' equity	3,756.8		3,554.5	3,763.0		3,484.4	3,763.0									3,037.0		3,044.0	3,044.0		(669.6)	(679.8)	(679.8)	4,842.7		4,816.8	4,816.6	0.2	1,842.7		1,912.9	1,912.9		(5,296.0)		(5,330.9)	(5,330.7)	(0.2)
Total liabilities and stockholders' equity	8,624.0			8,786.5			8,786.5									7,335.8		7,302.6	7,275.2	27.4	53.5	43.1	43.1	9,904.5		9,905.0	10,220.7	(315.7)	5,639.9		5,825.1	6,082.7	(257.6)	(14,309.7)		(14,289.3)	(14,835.2)	545.9
Disclosure Condensed Consolidating Statements of Operations [Abstract]
Revenues	2,802.5		2,361.5																					1,671.4	1,714.3				1,211.5	755.6				(80.4)	(108.4)
Cost of revenues	(2,651.3)		(2,203.2)																					(1,549.2)	(1,593.0)				(1,182.5)	(718.6)				80.4	108.4
General and administrative expenses	(22.7)		(20.0)													(22.2)	(20.4)												(0.5)	0.4
Acquisition-related expenses			(5.6)														(5.6)
Equity in income (loss) in subsidiaries																65.9	76.9				7.7			6.3	30.2				3.2					(83.1)	(107.1)
Equity in income (loss) of unconsolidated joint ventures	24.1		28.7																					3.1	2.1				21.0	26.6
Operating income (loss)	152.6		161.4													43.7	50.9				7.7			131.6	153.6				52.7	64.0				(83.1)	(107.1)
Interest income (expense)	(21.1)		(9.8)													31.8	28.6				(7.2)			(26.9)	(35.1)				(18.8)	(3.3)
Other income (expenses)	(2.5)		2.5														2.5												(2.5)
Income (loss) before income taxes	129.0		154.1													75.5	82.0				0.5			104.7	118.5				31.4	60.7				(83.1)	(107.1)
Income tax benefit (expense)	(42.2)		(48.6)													(3.6)	(2.3)				2.7			(38.8)	(41.6)				(2.5)	(4.7)
Net income (loss) including noncontrolling interests	86.8		105.5													71.9	79.7				3.2			65.9	76.9				28.9	56.0				(83.1)	(107.1)
Noncontrolling interests in income of consolidated subsidiaries	(14.9)		(25.8)																										(14.9)	(25.8)
Net income (loss) attributable to URS	71.9		79.7													71.9	79.7				3.2			65.9	76.9				14.0	30.2				(83.1)	(107.1)
Comprehensive income (loss) attributable to URS	39.5		101.2													39.5	101.2				3.2			36.3	100.6				(23.4)	55.3				(16.1)	(155.9)
Disclosure Condensed Consolidating Statements of Cash Flows [Abstract]
Net cash from operating activities	49.7		(20.7)													20.9	13.8							42.5	(95.6)				(12.4)	44.9				(1.3)	16.2
Cash flows from investing activities:
Proceeds from disposal of property and equipment	3.4		9.5																						0.4				3.4	9.1
Investments in unconsolidated joint ventures	(0.1)		(4.0)																					(0.1)	(4.0)
Changes in restricted cash	1.9		1.7																										1.9	1.7
Capital expenditures, less equipment purchased through capital leases and equipment notes	(25.0)		(17.8)													(1.6)	(3.2)							(7.3)	(10.2)				(16.1)	(4.4)
Net intercompany investing activities																85.0	401.8							(3.1)	162.6				(29.3)	37.6				(52.6)	(602.0)
Net cash from investing activities	(19.8)		(10.6)	(1,446.6)			(1,446.6)									83.4	398.6	930.9	900.8	30.1				(10.5)	148.8	818.9	743.4	75.5	(40.1)	44.0	(812.5)	(851.7)	39.2	(52.6)	(602.0)	(2,383.9)	(2,239.1)	(144.8)
Cash flows from financing activities:
Borrowings from long-term debt			998.9														998.9
Payments on long-term debt	(1.2)		(1.6)																					(1.2)	(1.6)
Borrowings from revolving line of credit	255.0		50.0													255.0	50.0
Payments on revolving line of credit	(234.5)		(73.6)													(195.0)	(73.6)												(39.5)
Net payments under foreign lines of credit and short-term notes	(2.3)		(8.9)													(0.2)	(0.2)							(0.1)					(2.0)	(8.7)
Net change in overdrafts	(31.4)		0.6																					3.3	(0.6)				2.7	1.2				(37.4)
Payments on capital lease obligations	(4.5)		(2.6)													(0.2)	(0.2)							(1.2)	(1.3)				(3.1)	(1.1)
Payments of debt issuance costs			(8.7)														(8.7)
Excess tax benefits from stock-based compensation			0.4														0.4
Proceeds from employee stock purchases and exercises of stock options	6.3		1.0													6.3	1.0
Distributions to noncontrolling interests	(15.7)		(15.5)																										(15.7)	(15.5)
Contributions and advances from noncontrolling interests	0.8		0.5																						0.2				0.6	0.3				0.2
Dividends paid	(14.9)															(14.9)
Repurchases of common stock	(45.1)		(40.0)													(45.1)	(40.0)
Net intercompany financing activities																(75.6)	(447.2)							(36.1)	(58.0)				59.1	(96.8)				52.6	602.0
Net cash from financing activities	(87.5)		900.5	892.3			892.3									(69.7)	480.4	(1,144.5)	(1,114.4)	(30.1)				(35.3)	(61.3)	(865.6)	(790.1)	(75.5)	2.1	(120.6)	520.1	559.3	(39.2)	15.4	602.0	2,382.3	2,237.5	144.8
Net change in cash and cash equivalents	(57.6)		869.2													34.6	892.8							(3.3)	(8.1)				(50.4)	(31.7)				(38.5)	16.2
Effect of foreign exchange rate changes on cash and cash equivalents	(8.1)		4.3																										(8.1)	4.3
Cash and cash equivalents at beginning of period	314.5		436.0	436.0												14.4	193.8	193.8						16.3	24.4	24.4			285.4	294.5	294.5			(1.6)	(76.7)	(76.7)
Cash and cash equivalents at end of period	248.8		1,309.5	314.5			314.5									49.0	1,086.6	14.4	14.4					13.0	16.3	16.3	16.3		226.9	267.1	285.4	285.4		(40.1)	(60.5)	(1.6)	(1.6)
Senior Notes and Canadian Notes [Abstract]
Senior Notes, aggregate principal amount												400.0			600.0
Senior Notes, interest rate, stated percentage												3.85%			5.00%
Senior Notes, future indebtedness threshold for guarantors									100.0
Senior Notes (net of discount)								999.1		399.6	399.5		599.5	599.5		299.4					699.6
Senior Notes, unamortized discount	$ 1.0							$ 1.0

[1]          The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

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EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS (TABLES)

3 Months Ended

Mar. 29, 2013

Defined benefit pension plans, defined contribution plans, and defined benefit postretirement plans disclosure [Abstract]

Schedule of net periodic pension costs and other comprehensive income [Table Text Block]

			Three Months Ended
			Domestic Plans				Foreign Plans
			March 29,		March 30,		March 29,		March 30,
(In millions)			2013		2012		2013		2012
Service cost			$	2.2	$	2.0	$	0.1	$	0.1
Interest cost				4.4		4.7		5.7		5.6
Expected return on plan assets				(4.8)		(4.4)		(6.0)		(5.5)
Amortization of:
	Prior service costs			(0.1)		(0.7)		—		—
	Net loss			3.9		2.4		—		—
		Net periodic pension costs	$	5.6	$	4.0	$	(0.2)	$	0.2

Schedule of post-retirement benefit plans disclosures [Table Text Block]

			Three Months Ended
			March 29,		March 30,
(In millions)			2013		2012
Interest cost			$	0.4	$	0.5
Expected return on plan assets				(0.1)		(0.1)
	Net loss			0.1		—
		Net periodic benefit costs	$	0.4	$	0.4

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COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 15. COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, we and our affiliates are subject to various contractual disputes, governmental audits and investigations, and legal proceedings alleging, among other things, contractual,tortious or statutory breaches. The final outcomes of these various matters cannot be predicted or estimated with certainty. We are including information regarding the following matters:

• USAID Egyptian Projects: In March 2003, Washington Group International, Inc., a Delaware company, (“WGI Delaware”), our wholly owned subsidiary, was notified by the Department of Justice that the federal government was considering civil litigation against WGI Delawarefor potential violations of the U.S. Agency for International Development (“USAID”) source, origin, and nationality regulations in connection with five of WGI Delaware's USAID-financed host-country projects located in Egypt beginning in the early 1990s. In November 2004, the federal government filed an action in the United States District Court for the District of Idaho against WGI Delaware,Contrack International, Inc., and MISR Sons Development S.A.E., an Egyptian construction company, asserting violations under the Federal False Claims Act, the Federal Foreign Assistance Act of 1961, as well as common law theories of payment by mistake and unjust enrichment.The federal government seeks damages and civil penalties for violations of the statutes as well as a refund of the approximately $373.0 millionpaid to WGI Delawareunder the specified contracts.WGI Delaware has denied any liability in the action and contests the federal government's damage allegations and its entitlement to recovery. All USAID projects under the contracts have been completed and are fully operational.

  In March 2005, WGI Delawarefiled a motion in Idaho District Court to dismiss the federal government's claimsor to stay the Idaho action and also a motion in Bankruptcy Court in Nevada to dismiss the government's claims for failure to give appropriate notice or otherwise preserve its claims. In August 2005, the Bankruptcy Court ruled that all federal government claims were barred. The federal government appealed the Bankruptcy Court's order to the United States District Court for the District of Nevada. In March 2006, the Idaho District Court stayed that action during the pendency of the federal government's appeal of the Bankruptcy Court's ruling. In December 2006, the Nevada District Court reversed the Bankruptcy Court's order and remanded the matter back to the Bankruptcy Court for further proceedings. WGI Delawarerenewed its motion in Bankruptcy Court, and in November 2008, the Bankruptcy Court ruled that the federal government's common law claims of unjust enrichment and payment by mistake are barred, and could no longer be pursued. On April 24, 2012, the Bankruptcy Court ruled that the bulk of the federal government's claims under the False Claims and the Federal Foreign Assistance Acts are not barred. On November 7, 2012, WGI Delaware appealed the Bankruptcy Court's decision to the Ninth Circuit Bankruptcy Appellate Panel.

  WGI Delawareintends to continue to defend this matter vigorously; however, WGI Delawarecannot provide assurance that it will be successful in these efforts. The potential range of loss and the resolution of these matters cannot be determined at this timeprimarily due to the very limited factual record that exists in light of our limited ability to evaluate discovery that has been conducted so far at this early stage of the Idaho litigation; the fact that the matter involves unique and complex bankruptcy, international, and federal regulatory legal issues; the uncertainty concerning legal theories and their potential resolution by the courts; and the duration of this matter, as well as a number of additional factors.

• New Orleans Levee Failure Class Action Litigation: From July 1999 through May 2005, Washington Group International, Inc., an Ohio company (“WGI Ohio”), a wholly owned subsidiary acquired by us on November 15, 2007, performed demolition, site preparation, and environmental remediation services for the U.S. Army Corps of Engineers on the east bank of the Inner Harbor Navigation Canal (the “Industrial Canal”) in New Orleans, Louisiana. On August 29, 2005, Hurricane Katrina devastated New Orleans. The storm surge created by the hurricane overtopped the Industrial Canal levee and floodwall, flooding the Lower Ninth Ward and other parts of the city.Fifty-nine personal injury and property damage class action lawsuits were filed in Louisiana State and federal court against several defendants, including WGI Ohio, seeking$200.0 billionin damages plus attorneys' fees and costs. Plaintiffs are residents and property owners who claim to have incurred damages from the breach and failure of the hurricane protection levees and floodwalls in the wake of Hurricane Katrina.

All 59 lawsuits were pleaded as class actions but none have yet been certified as class actions. Along with WGI Ohio, the U.S. Army Corps of Engineers, the Board for the Orleans Levee District, and its insurer, St. Paul Fire and Marine Insurance Company were also named as defendants. At this time WGI Ohio and the Army Corps of Engineers are the remaining defendants. These 59 lawsuits, along with other hurricane-related cases not involving WGI Ohio, were consolidated in the United States District Court for the Eastern District of Louisiana (“District Court”).

Plaintiffs allege that defendants were negligent in their design, construction and/or maintenance of the New Orleans levees. Specifically, as to WGI Ohio, plaintiffs allege that work WGI Ohio performed adjacent to the Industrial Canal damaged the levee and floodwall, causing or contributing to breaches and flooding. WGI Ohio did not design, construct, repair or maintain any of the levees or the floodwalls that failed during or after Hurricane Katrina. Rather, WGI Ohio performed work adjacent to the Industrial Canal as a contractor for the federal government.

WGI Ohio filed a motion for summary judgment, seeking dismissal on grounds that government contractors are immune from liability. On December 15, 2008, the District Court granted WGI Ohio's motion for summary judgment, but several plaintiffs appealed that decision to the United States Fifth Circuit Court of Appeals on April 27, 2009. On September 14, 2010, the Court of Appeals reversed the District Court's summary judgment decision and WGI Ohio's dismissal, and remanded the case back to the District Court for further litigation. On August 1, 2011, the District Court decided that the government contractor immunity defense would not be available to WGI Ohio at trial, but would be an issue for appeal.Five of the cases were tried in District Court from September 12, 2012 through October 3, 2012. On April 12, 2013, the District Court ruled in favor of WGI Ohio and the Army Corps of Engineers finding that the five plaintiffs failed to prove that WGI Ohio's or the Army Corps of Engineers' actions caused the failure of the Industrial Canal floodwall during Hurricane Katrina. The plaintiffs will have the right to appeal the decision to the Fifth Circuit Court of Appeals.

WGI Ohio intends to continue to defend these matters vigorously; however, WGI Ohio cannot provide assurance that it will be successful in these efforts. The potential range of loss and the resolution of these matters cannot be determined at this time primarily due to the likelihood of an appeal, the unknown number of individual plaintiffs who are actually asserting claims against WGI Ohio; the uncertainty regarding the nature and amount of each individual plaintiff's damage claims; uncertainty concerning legal theories and factual bases that plaintiffs may present and their resolution by courts or regulators; and uncertainty about the plaintiffs' claims, if any, that might survive certain key motions of our affiliate, as well as a number of additional factors.

• DOE Deactivation, Demolition, and Removal Project: WGI Ohio executed a cost-reimbursable task order with the DOE in 2007 to provide deactivation, demolition and removal services at a New York State project site that during 2010 experienced contamination and performance issues. In February 2011, WGI Ohio and the DOE executed a Task Order Modification that changed some cost-reimbursable contract provisions to at-risk. The Task Order Modification, including subsequent amendments, requires the DOE to pay all project costs up to $105.9 million, requires WGI Ohio and the DOE to equally share in all project costs incurred from $105.9million to $145.9 million, and requires WGI Ohio to pay all project costs exceeding $145.9 million.In addition, in September 2011, WGI Ohio voluntarily paid a civil penalty related to the contamination incident.

  Through March 29, 2013, WGI Ohio has incurred total project costs of $234.9 million and has recorded cumulative project losses of $15.3 million.Due to unanticipated requirements and permitting delays by federal and state agencies, as well as delays and related ground stabilization activities caused by Hurricane Irene, WGI Ohio has been required to perform work outside the scope of the Task Order Modification. Based on changes and delays to date, requests for equitable adjustment (“REA”) amounting to $47.1 million and proposals related to the hurricane-caused impacts and other directed changes in the amount of $105.1 million have been submitted to the DOE for approval. WGI Ohio also expects to submit additional REAs of at least $8.7 million to the DOE in 2013. Through March 29, 2013, the DOE authorized an additional $30.7 million of funding primarily related to the hurricane-caused impacts. In early 2013, WGI Ohio submitted several certified claims against the DOE pursuant to the Contracts Disputes Acts seeking recovery of $100.8 million of the above unfunded REA and proposal costs incurred to dateand $4.5 million of fee on the expanded work scope. The final project completion costs are not currently estimable due to continuing delays in permitting, other delays, and approval of a final project plan. WGI Ohio can give no assurance that it will not be obligated to pay some or all of the REAs, non-funded hurricane-caused impacts, the other directed changes, and additional project completion costs, which would negatively impact our future results of operations.

• Bolivian Mine Services Agreement: In 2009, a mine service agreement performed by our wholly owned subsidiary, Washington Group Bolivia, was unilaterally terminated for convenience by the mine owner. The mine owner disputed the fair market value of mining equipment it was required to repurchase under the terms of the mine services agreement. Subsequently, on November 16, 2010, Washington Group Bolivia received a formal claim asserting breaches of contractual obligations and warranties, including the failure to adhere to the requisite professional standard of care while performing the mine services agreement.On June 17, 2011, Washington Group Bolivia received a formal demand for arbitration pursuant to the Rules of Arbitration of the International Chamber of Commerce asserting claims up to $52.6 million. Washington Group Bolivia brought a $50 million counterclaim on August 3, 2012 against the mine owner asserting claims of wrongful termination and lost productivity. Arbitration on the mine owner's claims and Washington Group Bolivia's counterclaims commenced and concluded in December 2012. In the course of the arbitration proceedings, the mine owner has reduced its claims to approximately $32.2 million, while Washington Group Bolivia has refined its counterclaim amount to not more than $62.9 million.

  Washington Group Bolivia intends to continue to defend this matter vigorously; however, we cannot provide assurance that it will be successful in these efforts. While Washington Group Bolivia believes that the mine owner's claims are largely without merit, the potential range of loss and the resolution of these matters cannot be determined at this timedue to a number of factors, including theuncertainty of how the arbitrationtribunal will applythe multiple legal theories and factual bases forthe parties' respective claims and defenses and the added complexity that comes from the fact that the parties, project location and applicable law span multiple countries and jurisdictions.

• Canadian Pipeline Contract: In January 2010, a pipeline owner filed an action in the Court of Queen's Bench of Alberta, Canada against Flint, a company we acquired in May 2012, as well as against a number of other defendants, alleging that the defendants negligently provided pipe coating and insulation system services, engineering, design services, construction services, and other work, causing damage to and abandonment of the line. The pipeline owner alleges it has suffered approximately C$85.0 million in damages in connection with the abandonment and replacement of the pipeline. Flint was the construction contractor on the pipeline project. Other defendants were responsible for engineering and design-services and for specifying and providing the actual pipe, insulation and coating materialsused in the line. In January 2011, the pipeline owner served a Statement of Claim on Flint and, in September 2011, Flint filed a Statement of Defense denying that the damages to the coating system of the pipeline were caused by any negligence or breach of contract of Flint. Flint believes the damages were caused or contributed to by the negligence of one or more of the co-defendants and/or by the negligent operation of the pipeline owner.

  Flint intends to continue to defend this matter vigorously; however, it cannot provide assurance that it will be successful,in whole or in part,in these efforts. The potential range of loss and the resolution of this matter cannot be determined at this time primarily due to the early stage of the discovery; the substantial uncertainty regarding the actual cause of the damage to or loss of the line; the nature and amount of each individual damage claim against the various defendants; and the uncertainty concerning legal theories and factual bases that the customer may present against all or some of the defendants.

• U.K. Joint Venture: On April 12, 2010, one of our U.K. joint ventures sent several bags of low level non-exempt radioactive waste to a waste disposal facility that was not licensed to handle such waste. On November 15, 2012, the U.K. Environment Agency and the U.K. Department for Transport initiated environmental regulatory proceedings against our U.K. joint venture in the Workington Magistrates' Court under the U.K. Environmental Permitting Regulations 2010, the Radioactive Substances Act 1993, the Carriage of Dangerous Goods and the use of Transportable Pressure Equipment Regulations 2009. On February 7, 2013, our U.K. joint venture entered a plea of guilty before the Magistrates' Court and the matter was referred to the Crown Court for sentencing. The potential range of loss and the resolution of this matter cannot be determined at this time primarily due to the fact that the matter involves unique and complex environmental and regulatory legal issues, as well as a number of additional factors.

The resolution of outstanding claims is subject to inherent uncertainty, and it is reasonably possible that resolution of any of the above outstanding claims or legal proceedings could have a material adverse effect on us. Our evaluation of the impact of pending actions could change in the future and unfavorable outcomes and/or defense costs, depending upon the amount and timing, could have a material adverse effect on our results of operations or cash flows for future periods.

Insurance

Generally, our insurance program covers workers' compensation and employer's liability, general liability, automobile liability, professional errors and omissions liability, property, marine property and liability, and contractor's pollution liability (in addition to other policies for specific projects). Our insurance program includes deductibles or self-insured retentions for each covered claim. In addition, our insurance policies contain exclusions and sublimits that insurance providers may use to deny or restrict coverage. Excess liability, contractor's pollution liability, and professional liability insurance policies provide for coverages on a “claims-made” basis, covering only claims actually made and reported during the policy period currently in effect. Thus, if we do not continue to maintain these policies, we will have no coverage for claims made after the termination date even for claims based on events that occurred during the term of coverage. While we intend to maintain these policies, we may be unable to maintain existing coverage levels.

Guarantee Obligations and Commitments

As of March 29, 2013, we had the following guarantee obligations and commitments:

We have agreed to indemnify one of our joint venture partners up to $25.0 million for any potential losses, damages, and liabilities associated with lawsuits in relation to general and administrative services we provide to the joint venture.

As of March 29, 2013, we had $35.6 million in bank guarantees outstanding under foreign credit facilities and other banking arrangements.

We also maintain a variety of commercial commitments that are generally made to support provisions of our contracts. In addition, in the ordinary course of business, we provide letters of credit to clients and others against advance payments and to support other business arrangements. We are required to reimburse the issuers of letters of credit for any payments they make under the letters of credit.

In the ordinary course of business, we may provide performance assurances and guarantees related to our services. For example, these guarantees may include surety bonds, arrangements among our client, a surety, and us to ensure we perform our contractual obligations pursuant to our client agreement. If our services under a guaranteed project are later determined to have resulted in a material defect or other material deficiency, then we may be responsible for monetary damages or other legal remedies. When sufficient information about claims on guaranteed projects is available and monetary damages or other costs or losses are determined to be probable, we recognize such guarantee losses.

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STOCKHOLDERS' EQUITY (TABLES)

3 Months Ended

Mar. 29, 2013

Stockholders' equity (Tables) [Abstract]

Dividends [Table Text Block]

Declaration Date	Dividend Per Share		Record Date		Total Maximum Payment		Payment Date
(In millions, except per share data)
February 24, 2012	$	0.20		March 16, 2012	$	15.2		April 6, 2012
May 4, 2012	$	0.20		June 15, 2012	$	15.4		July 6, 2012
August 3, 2012	$	0.20		September 14, 2012	$	15.4		October 5, 2012
November 2, 2012	$	0.20		December 14, 2012	$	15.4		January 4, 2013
February 22, 2013	$	0.21		March 15, 2013	$	16.0		April 5, 2013
May 3, 2013	$	0.21		June 14, 2013	$	NA		July 5, 2013

NA = Not available

Declaration Date	Dividend Per Share		Record Date		Total Maximum Payment		Payment Date
(In millions, except per share data)
February 24, 2012	$	0.20		March 16, 2012	$	15.2		April 6, 2012
May 4, 2012	$	0.20		June 15, 2012	$	15.4		July 6, 2012
August 3, 2012	$	0.20		September 14, 2012	$	15.4		October 5, 2012
November 2, 2012	$	0.20		December 14, 2012	$	15.4		January 4, 2013
February 22, 2013	$	0.21		March 15, 2013	$	16.0		April 5, 2013
May 3, 2013	$	0.21		June 14, 2013	$	NA		July 5, 2013

Schedule of treasury stock by class [Table Text Block]

	Three Months Ended
(In millions, except average price paid	March 29,		March 30,
per share)	2013		2012
Common stock repurchase shares		1.0		1.0
Average price paid per share	$	42.96	$	40.00
Cost of common stock repurchased	$	45.1	$	40.0

Stock-based compensation expenses [Table Text Block]

			Three Months Ended
			March 29,		March 30,
(In millions)			2013		2012
Stock-based compensation expense:
	Restricted stock awards and units		$	10.9	$	11.2
	Employee stock purchase plan			0.1		0.1
		Stock-based compensation expense	$	11.0	$	11.3
Stock-based compensation expense included in:
	Cost of revenues		$	8.3	$	8.4
	General and administrative expenses			2.7		2.9
		Stock-based compensation expense	$	11.0	$	11.3

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

NOTE 17. CONDENSED CONSOLIDATING FINANCIAL INFORMATION

On March 15, 2012, URS Corporation, the parent company (“Parent”), and URS Fox US LP (“Fox LP”), a 100% owned subsidiary of the Parent, issued the Senior Notes. See Note 9, “Indebtedness,” for more information. The Senior Notes are our general unsecured senior obligations and rank equally with our other existing and future unsecured senior indebtedness.  The SeniorNotes are fully and unconditionally guaranteed (the “Guarantees”) on a joint-and-several basis by each of our current and future domestic subsidiaries that are guarantors under our 2011 Credit Facility or that are 100% owned domestic obligors or 100% owned domestic guarantors, individually or collectively, under any future indebtedness of our subsidiaries in excess of $100.0 million (the “Guarantors”).  The Guarantees are the Guarantors' unsecured senior obligations and rank equally with the Guarantors' other existing and future unsecured senior indebtedness. Each of the Guarantor subsidiaries is 100% owned by the Parent.

Consistent with the arrangement between the Parent and Fox LP as of both December 28, 2012 and March 29, 2013, $299.4 million and $699.6 million of the Senior Notes are included in the liabilities of the Parent and Fox LP, respectively, net of $1.0 million of total discount.

Revision of Previously Issued Condensed Consolidating Financial Information

During the quarter ended March 29, 2013, we identified an error related to the presentation of intercompany accounts receivable and payable, and the presentation of short-term and long-term intercompany notes payable as of December 28, 2012. This revision had noimpact on any consolidated totals of the condensed consolidating financial statements. However, the revision impactedtheamounts presented in the Issuer Parent, Issuer Fox LP, Guarantors, Non-guarantors and Eliminations columns in the Condensed Consolidating Balance Sheetsas of December 28, 2012. Theerrorsalso impacted amounts presented in the Condensed Consolidating Statements of Cash Flows between investing and financing activities for the year ended December 28, 2012. These errors were included in the previously filed condensed consolidating financial statements filed with our Form 8-K on April 17, 2013.

We assessed the materiality of the errors in accordance with the SEC's Staff Accounting Bulletin 99 and concluded that the previously issued condensed consolidating financial statements were not materially misstated. In accordance with the SEC's Staff Accounting Bulletin 108, we have corrected these immaterial errors by revising the previously issued condensed consolidating financial statementsincluded in this footnote.

Accordingly, the condensed consolidating financial information, as of and for the fiscal year ended December 28, 2012,have been revised to correct the immaterial errors described above. This revision will be presented prospectively in future filings.

The revisions and related impacts to the current assets, current liabilities, total assets, total liabilities, cash flows from financing activities and cash flows from investing activities as of and for the year ended December 28, 2012 are presented below:

						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
As Reported
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions					$	—	$	—	$	771.2	$	811.8	$	(28.2)	$	1,554.8
	Costs and accrued earnings in excess of billings on contracts					$	—	$	—	$	876.9	$	515.7	$	(8.3)	$	1,384.3
	Less receivable allowances					$	—	$	—	$	(29.1)	$	(40.6)	$	—	$	(69.7)
		Net accounts receivable				$	—	$	—	$	1,619.0	$	1,286.9	$	(36.5)	$	2,869.4
	Intercompany accounts receivable					$	1,765.8	$	22.4	$	4,248.9	$	1,530.6	$	(7,567.7)	$	—
	Deferred tax assets					$	6.8	$	—	$	60.3	$	0.5	$	—	$	67.6
	Inventory					$	—	$	—	$	5.5	$	56.0	$	—	$	61.5
	Other current assets					$	38.2	$	—	$	65.5	$	111.3	$	(10.8)	$	204.2
			Total current assets			$	1,825.2	$	22.4	$	6,015.5	$	3,270.7	$	(7,616.6)	$	3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	5,400.5	$	20.7	$	1,812.0	$	258.9	$	(7,213.8)	$	278.3
Property and equipment at cost, net						$	26.9	$	—	$	159.7	$	500.9	$	—	$	687.5
Intangible assets, net						$	0.2	$	—	$	223.5	$	468.5	$	—	$	692.2
Goodwill						$	—	$	—	$	1,778.7	$	1,468.4	$	—	$	3,247.1
Other long-term assets						$	22.4	$	—	$	231.3	$	115.3	$	(4.8)	$	364.2
					Total assets	$	7,275.2	$	43.1	$	10,220.7	$	6,082.7	$	(14,835.2)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions					$	4.1	$	—	$	382.8	$	454.8	$	(38.2)	$	803.5
	Accrued salaries and employee benefits					$	41.1	$	—	$	362.6	$	155.1	$	—	$	558.8
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	146.4	$	143.0	$	(0.3)	$	289.1
	Intercompany accounts payable					$	3,138.3	$	14.7	$	3,109.1	$	1,305.6	$	(7,567.7)	$	—
	Short-term intercompany notes payable					$	14.3	$	—	$	20.0	$	599.2	$	(633.5)	$	—
	Other current liabilities					$	59.4	$	8.6	$	146.3	$	74.0	$	(10.5)	$	277.8
			Total current liabilities			$	3,276.1	$	23.3	$	4,177.2	$	2,774.6	$	(8,250.2)	$	2,001.0
Long-term debt						$	952.2	$	699.6	$	16.9	$	323.8	$	—	$	1,992.5
Deferred tax liabilities						$	—	$	—	$	247.6	$	85.5	$	(4.8)	$	328.3
Self-insurance reserves						$	—	$	—	$	18.3	$	111.5	$	—	$	129.8
Pension and post-retirement benefit obligations						$	—	$	—	$	185.4	$	115.5	$	—	$	300.9
Long-term intercompany notes payable						$	—	$	—	$	561.7	$	687.8	$	(1,249.5)	$	—
Other long-term liabilities						$	2.9	$	—	$	197.0	$	71.1	$	—	$	271.0
				Total liabilities		$	4,231.2	$	722.9	$	5,404.1	$	4,169.8	$	(9,504.5)	$	5,023.5
URS stockholders' equity						$	3,621.1	$	8.0	$	5,400.4	$	1,805.3	$	(7,213.7)	$	3,621.1
Intercompany notes receivable						$	(577.1)	$	(687.8)	$	(583.8)	$	(34.3)	$	1,883.0	$	—
			Total URS stockholders' equity			$	3,044.0	$	(679.8)	$	4,816.6	$	1,771.0	$	(5,330.7)	$	3,621.1
Noncontrolling interests						$	—	$	—	$	—	$	141.9	$	—	$	141.9
				Total stockholders' equity		$	3,044.0	$	(679.8)	$	4,816.6	$	1,912.9	$	(5,330.7)	$	3,763.0
					Total liabilities and stockholders' equity	$	7,275.2	$	43.1	$	10,220.7	$	6,082.7	$	(14,835.2)	$	8,786.5
						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Adjustment
ASSETS
Current assets:
	Accounts receivable, including retentions					$	—	$	—	$	0.1	$	—	$	(0.1)	$	—
		Net accounts receivable				$	—	$	—	$	0.1	$	—	$	(0.1)	$	—
	Intercompany accounts receivable					$	27.4	$	—	$	(315.8)	$	(261.6)	$	550.0	$	—
			Total current assets			$	27.4	$	—	$	(315.7)	$	(261.6)	$	549.9	$	—
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	0.1	$	—	$	0.2	$	4.0	$	(4.3)	$	—
Intangible assets, net						$	—	$	—	$	(0.2)	$	0.2	$	—	$	—
Other long-term assets						$	(0.1)	$	—	$	—	$	(0.2)	$	0.3	$	—
					Total assets	$	27.4	$	—	$	(315.7)	$	(257.6)	$	545.9	$	—
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable and subcontractors payable, including retentions					$	0.1	$	—	$	(0.1)	$	—	$	—	$	—
	Accrued salaries and employee benefits					$	(0.1)	$	—	$	0.1	$	—	$	—	$	—
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	(0.1)	$	—	$	0.1	$	—
	Intercompany accounts payable					$	27.4	$	—	$	(315.7)	$	(261.7)	$	550.0	$	—
	Short-term intercompany notes payable					$	—	$	—	$	—	$	(577.6)	$	577.6	$	—
	Other current liabilities					$	0.1	$	—	$	(0.1)	$	4.0	$	(4.0)	$	—
			Total current liabilities			$	27.5	$	—	$	(315.9)	$	(835.3)	$	1,123.7	$	—
Deferred tax liabilities						$	—	$	—	$	(0.1)	$	0.1	$	—	$	—
Long-term intercompany notes payable						$	—	$	—	$	—	$	577.6	$	(577.6)	$	—
Other long-term liabilities						$	(0.1)	$	—	$	0.1	$	—	$	—	$	—
				Total liabilities		$	27.4	$	—	$	(315.9)	$	(257.6)	$	546.1	$	—
URS stockholders' equity						$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
			Total URS stockholders' equity			$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
				Total stockholders' equity		$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
					Total liabilities and stockholders' equity	$	27.4	$	—	$	(315.7)	$	(257.6)	$	545.9	$	—
						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
As Revised
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions					$	—	$	—	$	771.3	$	811.8	$	(28.3)	$	1,554.8
	Costs and accrued earnings in excess of billings on contracts					$	—	$	—	$	876.9	$	515.7	$	(8.3)	$	1,384.3
	Less receivable allowances					$	—	$	—	$	(29.1)	$	(40.6)	$	—	$	(69.7)
		Net accounts receivable				$	—	$	—	$	1,619.1	$	1,286.9	$	(36.6)	$	2,869.4
	Intercompany accounts receivable					$	1,793.2	$	22.4	$	3,933.1	$	1,269.0	$	(7,017.7)	$	—
	Deferred tax assets					$	6.8	$	—	$	60.3	$	0.5	$	—	$	67.6
	Inventory					$	—	$	—	$	5.5	$	56.0	$	—	$	61.5
	Other current assets					$	38.2	$	—	$	65.5	$	111.3	$	(10.8)	$	204.2
			Total current assets			$	1,852.6	$	22.4	$	5,699.8	$	3,009.1	$	(7,066.7)	$	3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	5,400.6	$	20.7	$	1,812.2	$	262.9	$	(7,218.1)	$	278.3
Property and equipment at cost, net						$	26.9	$	—	$	159.7	$	500.9	$	—	$	687.5
Intangible assets, net						$	0.2	$	—	$	223.3	$	468.7	$	—	$	692.2
Goodwill						$	—	$	—	$	1,778.7	$	1,468.4	$	—	$	3,247.1
Other long-term assets						$	22.3	$	—	$	231.3	$	115.1	$	(4.5)	$	364.2
					Total assets	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions					$	4.2	$	—	$	382.7	$	454.8	$	(38.2)	$	803.5
	Accrued salaries and employee benefits					$	41.0	$	—	$	362.7	$	155.1	$	—	$	558.8
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	146.3	$	143.0	$	(0.2)	$	289.1
	Intercompany accounts payable					$	3,165.7	$	14.7	$	2,793.4	$	1,043.9	$	(7,017.7)	$	—
	Short-term intercompany notes payable					$	14.3	$	—	$	20.0	$	21.6	$	(55.9)	$	—
	Other current liabilities					$	59.5	$	8.6	$	146.2	$	78.0	$	(14.5)	$	277.8
			Total current liabilities			$	3,303.6	$	23.3	$	3,861.3	$	1,939.3	$	(7,126.5)	$	2,001.0
Long-term debt						$	952.2	$	699.6	$	16.9	$	323.8	$	—	$	1,992.5
Deferred tax liabilities						$	—	$	—	$	247.5	$	85.6	$	(4.8)	$	328.3
Self-insurance reserves						$	—	$	—	$	18.3	$	111.5	$	—	$	129.8
Pension and post-retirement benefit obligations						$	—	$	—	$	185.4	$	115.5	$	—	$	300.9
Long-term intercompany notes payable						$	—	$	—	$	561.7	$	1,265.4	$	(1,827.1)	$	—
Other long-term liabilities						$	2.8	$	—	$	197.1	$	71.1	$	—	$	271.0
				Total liabilities		$	4,258.6	$	722.9	$	5,088.2	$	3,912.2	$	(8,958.4)	$	5,023.5
URS stockholders' equity						$	3,621.1	$	8.0	$	5,400.6	$	1,805.3	$	(7,213.9)	$	3,621.1
Intercompany notes receivable						$	(577.1)	$	(687.8)	$	(583.8)	$	(34.3)	$	1,883.0	$	—
			Total URS stockholders' equity			$	3,044.0	$	(679.8)	$	4,816.8	$	1,771.0	$	(5,330.9)	$	3,621.1
Noncontrolling interests						$	—	$	—	$	—	$	141.9	$	—	$	141.9
				Total stockholders' equity		$	3,044.0	$	(679.8)	$	4,816.8	$	1,912.9	$	(5,330.9)	$	3,763.0
					Total liabilities and stockholders' equity	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5

	For the Year Ended December 28, 2012
(in millions)	Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Condensed Consolidating Statements of Cash Flows Data:
As Reported
Net cash from investing activities	$	900.8	$	—	$	743.4	$	(851.7)	$	(2,239.1)	$	(1,446.6)
Net cash from financing activities	$	(1,114.4)	$	—	$	(790.1)	$	559.3	$	2,237.5	$	892.3
Adjustments
Net cash from investing activities	$	30.1	$	—	$	75.5	$	39.2	$	(144.8)	$	—
Net cash from financing activities	$	(30.1)	$	—	$	(75.5)	$	(39.2)	$	144.8	$	—
As Revised
Net cash from investing activities	$	930.9	$	—	$	818.9	$	(812.5)	$	(2,383.9)	$	(1,446.6)
Net cash from financing activities	$	(1,144.5)	$	—	$	(865.6)	$	520.1	$	2,382.3	$	892.3

The following is our condensed consolidating financial information, segregating the issuers, guarantor subsidiaries and non-guarantor subsidiaries, as of March 29, 2013 and December 28, 2012, and for the three months ended March 29, 2013 and March 30, 2012.

						CONDENSED CONSOLIDATING BALANCE SHEETS – UNAUDITED
						As of March 29, 2013
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
ASSETS
Current assets:
	Cash and cash equivalents					$	49.0	$	—	$	13.0	$	226.9	$	(40.1)	$	248.8
	Accounts receivable, including retentions						—		—		828.7		724.2		(30.7)		1,522.2
	Costs and accrued earnings in excess of billings on contracts						—		—		765.3		565.2		(3.8)		1,326.7
	Less receivable allowances						—		—		(30.0)		(37.8)		—		(67.8)
		Net accounts receivable					—		—		1,564.0		1,251.6		(34.5)		2,781.1
	Intercompany accounts receivable						1,757.1		25.1		3,944.1		1,289.4		(7,015.7)		—
	Deferred tax assets						7.8		—		64.8		1.0		—		73.6
	Inventory						—		—		4.8		55.3		—		60.1
	Other current assets						35.0		—		78.6		94.0		(20.7)		186.9
			Total current assets				1,848.9		25.1		5,669.3		2,918.2		(7,111.0)		3,350.5
Investments in and advances to subsidiaries and unconsolidated joint ventures							5,435.5		28.4		1,746.0		256.3		(7,194.0)		272.2
Property and equipment at cost, net							29.7		—		159.0		491.8		—		680.5
Intangible assets, net							0.2		—		214.5		440.8		—		655.5
Goodwill							—		—		1,778.7		1,451.2		—		3,229.9
Other long-term assets							21.5		—		337.0		81.6		(4.7)		435.4
					Total assets	$	7,335.8	$	53.5	$	9,904.5	$	5,639.9	$	(14,309.7)	$	8,624.0
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	32.6	$	—	$	9.9	$	40.5	$	—	$	83.0
	Accounts payable and subcontractors payable, including retentions						4.3		—		344.9		371.3		(39.8)		680.7
	Accrued salaries and employee benefits						33.3		—		338.2		163.7		—		535.2
	Billings in excess of costs and accrued earnings on contracts						—		—		147.0		117.4		(0.2)		264.2
	Intercompany accounts payable						3,107.7		6.7		2,804.5		1,096.8		(7,015.7)		—
	Short-term intercompany notes payable						14.3		—		20.2		21.6		(56.1)		—
	Other current liabilities						101.8		16.8		128.0		78.5		(65.6)		259.5
			Total current liabilities				3,294.0		23.5		3,792.7		1,889.8		(7,177.4)		1,822.6
Long-term debt							1,001.7		699.6		16.8		284.3		—		2,002.4
Deferred tax liabilities							—		—		251.3		82.9		(4.7)		329.5
Self-insurance reserves							—		—		17.6		115.5		—		133.1
Pension and post-retirement benefit obligations							—		—		181.1		107.4		—		288.5
Long-term intercompany notes payable							—		—		564.3		1,267.3		(1,831.6)		—
Other long-term liabilities							3.1		—		238.0		50.0		—		291.1
				Total liabilities			4,298.8		723.1		5,061.8		3,797.2		(9,013.7)		4,867.2
URS stockholders' equity							3,616.6		11.2		5,435.5		1,737.2		(7,183.9)		3,616.6
Intercompany notes receivable							(579.6)		(680.8)		(592.8)		(34.5)		1,887.7		—
			Total URS stockholders' equity				3,037.0		(669.6)		4,842.7		1,702.7		(5,296.2)		3,616.6
Noncontrolling interests							—		—		—		140.0		0.2		140.2
				Total stockholders' equity			3,037.0		(669.6)		4,842.7		1,842.7		(5,296.0)		3,756.8
					Total liabilities and stockholders' equity	$	7,335.8	$	53.5	$	9,904.5	$	5,639.9	$	(14,309.7)	$	8,624.0

						CONDENSED CONSOLIDATING BALANCE SHEETS
						As of December 28, 2012 (As Revised)
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions						—		—		771.3		811.8		(28.3)		1,554.8
	Costs and accrued earnings in excess of billings on contracts						—		—		876.9		515.7		(8.3)		1,384.3
	Less receivable allowances						—		—		(29.1)		(40.6)		—		(69.7)
		Net accounts receivable					—		—		1,619.1		1,286.9		(36.6)		2,869.4
	Intercompany accounts receivable						1,793.2		22.4		3,933.1		1,269.0		(7,017.7)		—
	Deferred tax assets						6.8		—		60.3		0.5		—		67.6
	Inventory						—		—		5.5		56.0		—		61.5
	Other current assets						38.2		—		65.5		111.3		(10.8)		204.2
			Total current assets				1,852.6		22.4		5,699.8		3,009.1		(7,066.7)		3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures							5,400.6		20.7		1,812.2		262.9		(7,218.1)		278.3
Property and equipment at cost, net							26.9		—		159.7		500.9		—		687.5
Intangible assets, net							0.2		—		223.3		468.7		—		692.2
Goodwill							—		—		1,778.7		1,468.4		—		3,247.1
Other long-term assets							22.3		—		231.3		115.1		(4.5)		364.2
					Total assets	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions						4.2		—		382.7		454.8		(38.2)		803.5
	Accrued salaries and employee benefits						41.0		—		362.7		155.1		—		558.8
	Billings in excess of costs and accrued earnings on contracts						—		—		146.3		143.0		(0.2)		289.1
	Intercompany accounts payable						3,165.7		14.7		2,793.4		1,043.9		(7,017.7)		—
	Short-term intercompany notes payable						14.3		—		20.0		21.6		(55.9)		—
	Other current liabilities						59.5		8.6		146.2		78.0		(14.5)		277.8
			Total current liabilities				3,303.6		23.3		3,861.3		1,939.3		(7,126.5)		2,001.0
Long-term debt							952.2		699.6		16.9		323.8		—		1,992.5
Deferred tax liabilities							—		—		247.5		85.6		(4.8)		328.3
Self-insurance reserves							—		—		18.3		111.5		—		129.8
Pension and post-retirement benefit obligations							—		—		185.4		115.5		—		300.9
Long-term intercompany notes payable							—		—		561.7		1,265.4		(1,827.1)		—
Other long-term liabilities							2.8		—		197.1		71.1		—		271.0
				Total liabilities			4,258.6		722.9		5,088.2		3,912.2		(8,958.4)		5,023.5
URS stockholders' equity							3,621.1		8.0		5,400.6		1,805.3		(7,213.9)		3,621.1
Intercompany notes receivable							(577.1)		(687.8)		(583.8)		(34.3)		1,883.0		—
			Total URS stockholders' equity				3,044.0		(679.8)		4,816.8		1,771.0		(5,330.9)		3,621.1
Noncontrolling interests							—		—		—		141.9		—		141.9
				Total stockholders' equity			3,044.0		(679.8)		4,816.8		1,912.9		(5,330.9)		3,763.0
					Total liabilities and stockholders' equity	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5

			CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS – UNAUDITED
			For the Three Months Ended March 29, 2013
(in millions)			Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Revenues			$	—	$	—	$	1,671.4	$	1,211.5	$	(80.4)	$	2,802.5
Cost of revenues				—		—		(1,549.2)		(1,182.5)		80.4		(2,651.3)
General and administrative expenses				(22.2)		—		—		(0.5)		—		(22.7)
Equity in income (loss) in subsidiaries				65.9		7.7		6.3		3.2		(83.1)		—
Equity in income of unconsolidated joint ventures				—		—		3.1		21.0		—		24.1
	Operating income (loss)			43.7		7.7		131.6		52.7		(83.1)		152.6
Interest expense				31.8		(7.2)		(26.9)		(18.8)		—		(21.1)
Other income (expenses)				—		—		—		(2.5)		—		(2.5)
	Income (loss) before income taxes			75.5		0.5		104.7		31.4		(83.1)		129.0
Income tax benefit (expense)				(3.6)		2.7		(38.8)		(2.5)		—		(42.2)
	Net income (loss) including noncontrolling interests			71.9		3.2		65.9		28.9		(83.1)		86.8
Noncontrolling interests in income of consolidated subsidiaries				—		—		—		(14.9)		—		(14.9)
		Net income (loss) attributable to URS	$	71.9	$	3.2	$	65.9	$	14.0	$	(83.1)	$	71.9
		Comprehensive income (loss) attributable to URS	$	39.5	$	3.2	$	36.3	$	(23.4)	$	(16.1)	$	39.5

			CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS – UNAUDITED
			For the Three Months Ended March 30, 2012
(in millions)			Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Revenues			$	—	$	—	$	1,714.3	$	755.6	$	(108.4)	$	2,361.5
Cost of revenues				—		—		(1,593.0)		(718.6)		108.4		(2,203.2)
General and administrative expenses				(20.4)		—		—		0.4		—		(20.0)
Acquisition-related expenses				(5.6)		—		—		—		—		(5.6)
Equity in income (loss) in subsidiaries				76.9		—		30.2		—		(107.1)		—
Equity in income of unconsolidated joint ventures				—		—		2.1		26.6		—		28.7
	Operating income (loss)			50.9		—		153.6		64.0		(107.1)		161.4
Interest expense				28.6		—		(35.1)		(3.3)		—		(9.8)
Other income (expenses)				2.5		—		—		—		—		2.5
	Income (loss) before income taxes			82.0		—		118.5		60.7		(107.1)		154.1
Income tax benefit (expense)				(2.3)		—		(41.6)		(4.7)		—		(48.6)
	Net income (loss) including noncontrolling interests			79.7		—		76.9		56.0		(107.1)		105.5
Noncontrolling interests in income of consolidated subsidiaries				—		—		—		(25.8)		—		(25.8)
		Net income (loss) attributable to URS	$	79.7	$	—	$	76.9	$	30.2	$	(107.1)	$	79.7
		Comprehensive income (loss) attributable to URS	$	101.2	$	—	$	100.6	$	55.3	$	(155.9)	$	101.2

		CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS – UNAUDITED
		For the Three Months Ended March 29, 2013
(in millions)		Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Net cash from operating activities		$	20.9	$	—	$	42.5	$	(12.4)	$	(1.3)	$	49.7
Cash flows from investing activities:
	Proceeds from disposal of property and equipment		—		—		—		3.4		—		3.4
	Investments in unconsolidated joint ventures		—		—		(0.1)		—		—		(0.1)
	Changes in restricted cash		—		—		—		1.9		—		1.9
	Capital expenditures, less equipment purchased through capital leases and equipment notes		(1.6)		—		(7.3)		(16.1)		—		(25.0)
	Net intercompany investing activities		85.0		—		(3.1)		(29.3)		(52.6)		—
Net cash from investing activities			83.4		—		(10.5)		(40.1)		(52.6)		(19.8)
Cash flows from financing activities:
	Payments on long-term debt		—		—		(1.2)		—		—		(1.2)
	Borrowings from revolving line of credit		255.0		—		—		—		—		255.0
	Payments on revolving line of credit		(195.0)		—		—		(39.5)		—		(234.5)
	Net payments under foreign lines of credit and short-term notes		(0.2)		—		(0.1)		(2.0)		—		(2.3)
	Net change in overdrafts		—		—		3.3		2.7		(37.4)		(31.4)
	Payments on capital lease obligations		(0.2)		—		(1.2)		(3.1)		—		(4.5)
	Proceeds from employee stock purchases and exercises of stock options		6.3		—		—		—		—		6.3
	Distributions to noncontrolling interests		—		—		—		(15.7)		—		(15.7)
	Contributions and advances from noncontrolling interests		—		—		—		0.6		0.2		0.8
	Dividends paid		(14.9)		—		—		—		—		(14.9)
	Repurchases of common stock		(45.1)		—		—		—		—		(45.1)
	Net intercompany financing activities		(75.6)		—		(36.1)		59.1		52.6		—
Net cash from financing activities			(69.7)		—		(35.3)		2.1		15.4		(87.5)
Net change in cash and cash equivalents			34.6		—		(3.3)		(50.4)		(38.5)		(57.6)
Effect of foreign exchange rate changes on cash and cash equivalents			—		—		—		(8.1)		—		(8.1)
Cash and cash equivalents at beginning of period			14.4		—		16.3		285.4		(1.6)		314.5
Cash and cash equivalents at end of period		$	49.0	$	—	$	13.0	$	226.9	$	(40.1)	$	248.8

		CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS – UNAUDITED
		For the Three Months Ended March 30, 2012
(in millions)		Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Net cash from operating activities		$	13.8	$	—	$	(95.6)	$	44.9	$	16.2	$	(20.7)
Cash flows from investing activities:
	Proceeds from disposal of property and equipment		—		—		0.4		9.1		—		9.5
	Investments in unconsolidated joint ventures		—		—		(4.0)		—		—		(4.0)
	Changes in restricted cash		—		—		—		1.7		—		1.7
	Capital expenditures, less equipment purchased through capital leases and equipment notes		(3.2)		—		(10.2)		(4.4)		—		(17.8)
	Net intercompany investing activities		401.8		—		162.6		37.6		(602.0)		—
Net cash from investing activities			398.6		—		148.8		44.0		(602.0)		(10.6)
Cash flows from financing activities:
	Borrowings from long-term debt		998.9		—		—		—		—		998.9
	Payments on long-term debt		—		—		(1.6)		—		—		(1.6)
	Borrowings from revolving line of credit		50.0		—		—		—		—		50.0
	Payments on revolving line of credit		(73.6)		—		—		—		—		(73.6)
	Net payments under foreign lines of credit and short-term notes		(0.2)		—		—		(8.7)		—		(8.9)
	Net change in overdrafts		—		—		(0.6)		1.2		—		0.6
	Payments on capital lease obligations		(0.2)		—		(1.3)		(1.1)		—		(2.6)
	Payments of debt issuance costs		(8.7)		—		—		—		—		(8.7)
	Excess tax benefits from stock-based compensation		0.4		—		—		—		—		0.4
	Proceeds from employee stock purchases and exercises of stock options		1.0		—		—		—		—		1.0
	Distributions to noncontrolling interests		—		—		—		(15.5)		—		(15.5)
	Contributions and advances from noncontrolling interests		—		—		0.2		0.3		—		0.5
	Repurchases of common stock		(40.0)		—		—		—		—		(40.0)
	Net intercompany financing activities		(447.2)		—		(58.0)		(96.8)		602.0		—
Net cash from financing activities			480.4		—		(61.3)		(120.6)		602.0		900.5
Net change in cash and cash equivalents			892.8		—		(8.1)		(31.7)		16.2		869.2
Effect of foreign exchange rate changes on cash and cash equivalents			—		—		—		4.3		—		4.3
Cash and cash equivalents at beginning of period			193.8		—		24.4		294.5		(76.7)		436.0
Cash and cash equivalents at end of period		$	1,086.6	$	—	$	16.3	$	267.1	$	(60.5)	$	1,309.5

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013	Mar. 30, 2012
Cash flows from operating activities:
Net income (loss) including noncontrolling interests	$ 86.8	$ 105.5
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	39.9	20.0
Amortization of intangible assets	27.6	17.2
Amortization of debt issuance costs and discount/premium	0.1	0.8
Foreign currency gains (losses) related to foreign currency derivatives and intercompany loans	2.5	(2.5)
Normal profit	(0.6)	1.4
Provision for doubtful accounts	1.1	1.4
Loss (gain) on disposal of property and equipment	(1.0)
Deferred income taxes	(6.9)	2.1
Stock-based compensation	11.0	11.3
Excess tax benefits from stock-based compensation		(0.4)
Equity in income (loss) of unconsolidated joint ventures	(24.1)	(28.7)
Dividends received from unconsolidated joint ventures	23.1	18.6
Changes in operating assets, liabilities and other, net of effects of business acquisitions:
Accounts receivable and costs and accrued earnings in excess of billings on contracts	88.8	(68.8)
Inventory	1.4	(0.5)
Other current assets	3.0	(5.4)
Advances to unconsolidated joint ventures		(5.7)
Accounts payable, accrued salaries and employee benefits, and other current liabilities	(129.9)	(20.1)
Billings in excess of costs and accrued earnings on contracts	(12.5)	(65.5)
Other long-term liabilities	35.2	(4.1)
Other long-term assets	(95.8)	2.7
Total adjustments and changes	(37.1)	(126.2)
Net cash from operating activities	49.7	(20.7)
Cash flows from investing activities:
Proceeds from disposal of property and equipment	3.4	9.5
Investments in unconsolidated joint ventures	(0.1)	(4.0)
Changes in restricted cash	1.9	1.7
Capital expenditures, less equipment purchased through capital leases and equipment notes	(25.0)	(17.8)
Net cash from investing activities	(19.8)	(10.6)
Cash flows from financing activities:
Borrowings from long-term debt		998.9
Payments on long-term debt	(1.2)	(1.6)
Borrowings from revolving line of credit	255.0	50.0
Payments on revolving line of credit	(234.5)	(73.6)
Net payments under foreign lines of credit and short-term notes	(2.3)	(8.9)
Net change in overdrafts	(31.4)	0.6
Payments on capital lease obligations	(4.5)	(2.6)
Payments of debt issuance costs		(8.7)
Excess tax benefits from stock-based compensation		0.4
Proceeds from employee stock purchases and exercises of stock options	6.3	1.0
Distributions to noncontrolling interests	(15.7)	(15.5)
Contributions and advances from noncontrolling interests	0.8	0.5
Dividends paid	(14.9)
Repurchases of common stock	(45.1)	(40.0)
Net cash from financing activities	(87.5)	900.5
Net change in cash and cash equivalents	(57.6)	869.2
Effect of foreign exchange rate changes on cash and cash equivalents	(8.1)	4.3
Cash and cash equivalents at beginning of period	314.5	436.0
Cash and cash equivalents at end of period	248.8	1,309.5
Supplemental information:
Interest paid	6.3	7.3
Taxes paid	10.2	8.8
Supplemental schedule of non-cash investing and financing activities:
Equipment acquired with capital lease obligations and equipment note obligations	17.8	3.9
Cash dividends declared but not paid	$ 16.0	$ 15.2

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PARENTHETICAL DATA TO THE CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, except Share data, unless otherwise specified	Mar. 29, 2013	Dec. 28, 2012
Current assets:
Accounts receivable retentions	$ 129.1	$ 114.4
Current liabilities:
Accounts payable and subcontractors payable retentions	$ 31.9	$ 32.3
URS stockholders' equity:
Preferred stock, authorized shares	3,000,000	3,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	200,000,000	200,000,000
Common stock shares issued	89,100,000	88,900,000
Common stock shares outstanding	76,000,000	76,800,000
Treasury stock shares at cost	13,100,000	12,100,000

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FAIR VALUES OF DEBT INSTRUMENTS AND DERIVATIVE INSTRUMENTS

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

FAIR VALUES OF DEBT INSTRUMENTS AND DERIVATIVE INSTRUMENTS

NOTE10. FAIR VALUE OF DEBT INSTRUMENTS AND DERIVATIVE INSTRUMENTS

2011 Credit Facility

As of March 29, 2013 and December 28, 2012, the estimated fair market values of the term loan under our 2011 Credit Facility were approximately $668.0 million and $667.3 million, respectively. The carrying value of this term loan on our Condensed Consolidated Balance Sheets as ofbothMarch 29, 2013 and December 28, 2012was $670.0million, excluding unamortized issuance costs. The fair value of our term loan was derived by taking the mid-point of the trading prices from an observable market input (Level 2) in the secondary loan market and multiplying it by the outstanding balance of our term loan.

Senior Notes and Canadian Notes

As of March 29, 2013, the estimated fair market value of the Senior Notes was approximately $1.2billion and the carrying value of these notes on our Condensed Consolidated Balance Sheets was $1.2 billion, excluding unamortized discount. The fair value of the Senior Notes and Canadian Notes was derived by taking the mid-point of the trading prices from an observable market input (Level 2)in the secondary loan market and multiplying it by the outstanding balance of the notes.

Derivative Instruments

We use our derivative instruments as a risk management tool andnot for trading or speculative purposes. The fair value of each derivative instrument is based on mark-to-model measurements that are interpolated from observable market data, including spot and forward rates. As of March 29, 2013, there were no derivative instruments outstanding.

Foreign Currency Exchange Contracts

We operate our business globally and our foreign subsidiaries conduct businesses in various foreign currencies. Therefore, we are subject to foreign currency risk. From time to time, we may purchase derivative financial instruments in the form of foreign currency exchange contracts to manage specific foreign currency exposures.

In March 2012, we entered into various foreign currency forward contracts with an aggregate notional amount of C$1.25 billion (equivalent to US$1.25 billion as of March 30, 2012) with maturity windowsranging from March 7, 2012 to May 31, 2012. The primary objective of the contracts was to manage our exposure to foreign currency transaction risk related to the funding of our pending acquisition of Flint inCanadian dollars. These contracts settled during the second quarter of 2012.For the three months ended March 30, 2012, we recorded a gain of $2.5 million on our foreign currency forward contracts in “Other income (expenses)” on our Condensed Consolidated Statements of Operations.

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Document And Entity Information	3 Months Ended
	Mar. 29, 2013	Apr. 29, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 29, 2013
Entity Registrant Name	URS CORP /NEW/
Entity Central Index Key	0000102379
Current Fiscal Year End Date	--12-27
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		75,898,214
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1

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BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

NOTE11. BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

Billings in excess of costs and accrued earnings on contracts in the accompanying Condensed Consolidated Balance Sheets consist of cash collected from clients and billings to clients on contracts in advance of work performed, advance payments negotiated as a contract condition, estimated losses on uncompleted contracts, normal profit liabilities, project-related legal liabilities, and other project-related reserves. The unearned project-related costs will be earned over the next twelve monthsor over the duration of the contracts.

The following table summarizes the components of billings in excess of costs and accrued earnings on contracts:

		March 29,		December 28,
(In millions)		2013		2012
Billings in excess of costs and accrued earnings on contracts		$	184.0	$	211.7
Project-related legal liabilities and other project-related reserves			61.5		55.2
Advance payments negotiated as a contract condition			8.0		9.8
Normal profit liabilities			2.5		4.8
Estimated losses on uncompleted contracts			8.2		7.6
	Total	$	264.2	$	289.1

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 29, 2013		Mar. 30, 2012
Income Statement [Abstract]
Revenues	$ 2,802.5		$ 2,361.5
Cost of revenues	(2,651.3)		(2,203.2)
General and administrative expenses	(22.7)		(20.0)
Acquisition-related expenses			(5.6)
Equity in income (loss) of unconsolidated joint ventures	24.1		28.7
Operating income (loss)	152.6		161.4
Interest expense	(21.1)		(9.8)
Other income (expenses)	(2.5)		2.5
Income (loss) before income taxes	129.0		154.1
Income tax benefit (expense)	(42.2)		(48.6)
Net income (loss) including noncontrolling interests	86.8		105.5
Noncontrolling interests in income of consolidated subsidiaries	(14.9)		(25.8)
Net income (loss) attributable to URS	$ 71.9		$ 79.7
Earnings (loss) per share:
Basic	$ 0.97		$ 1.08
Diluted	$ 0.96		$ 1.07
Weighted-average shares of common stock outstanding:
Basic	74.4	[1]	74.0	[1]
Diluted	74.9		74.3
Cash dividends declared per share	$ 0.21		$ 0.20

[1] Weighted-average shares of common stock outstanding is net of treasury stock.

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INVENTORY

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

INVENTORY

NOTE 5. INVENTORY

The table below presents the components of inventory

		March 29,		December 28,
(In millions)		2013		2012
Raw materials		$	12.6	$	14.2
Work in progress			10.7		9.8
Finished goods			24.4		24.9
Supplies			12.4		12.6
	Total	$	60.1	$	61.5

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ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS

NOTE 4. ACCOUNTS RECEIVABLE AND COSTS AND ACCRUED EARNINGS IN EXCESS OF BILLINGS ON CONTRACTS

Accounts receivable in the accompanying Condensed Consolidated Balance Sheets are primarily comprised of amounts billed to clients for services already provided, but which have not yet been collected. Occasionally, under the terms of specific contracts, we are permitted to submit invoices in advance of providing our services to our clients and to the extent they have not been collected, these amounts are also included in accounts receivable.

Costs and accrued earnings in excess of billings on contracts (also referred to as “Unbilled Accounts Receivable”) in the accompanying Condensed Consolidated Balance Sheets represent unbilled amounts earned and reimbursable under contracts. These amounts become billable according to the contract terms, which usually consider the passage of time, achievement of milestones or completion of the project. Generally, such unbilled amounts will be billed and collected over the next twelve months. As of March 29, 2013 and December 28, 2012, $343.7 million and $264.9 million, respectively, of Unbilled Accounts Receivable are not expected to become billable within twelve months of the balance sheet date and, as a result, are included as a component of “Other long-term assets.”

Accounts receivable and Unbilled Accounts Receivable include certain amounts recognized related to unapproved change orders (amounts representing the value of proposed contract modifications, but which are unapproved as to both price and scope) and claims (amounts in excess of agreed contract prices that we seek to collect from our clients or others) that have not been collected and, in the case of balances included in accrued earnings in excess of billings on contracts, may not be billable until an agreement, or in the case of claims, a settlement is reached. Generally, these items have not been material and have been resolved in the ordinary course of business.

Our accounts receivable include retentions associated with long-term contracts, which are generally not billable until near or at the completion of the projects or milestones and/or delivery of services. As such, these amounts will generally be billed for contracts with terms in excess of one year from the service date. Our UnbilledAccounts Receivable includes amounts related to milestone payment clauses, which provide for payments to be received beyond a year from the date service occurs. Based on our historical experience, we generally consider the collection risk related to these amounts to be low. When events or conditions indicate that the amounts outstanding may become uncollectible, an allowance is estimated and recorded. As of March 29, 2013 and December 28, 2012, we had financing receivables with contractual terms in excess of one year of $134.7 million and $121.4 million, respectively.

The following table summarizes the components of our accounts receivable and UnbilledAccounts Receivable with the U.S. federal government and with other customers as of March 29, 2013 and December 28, 2012:

			March 29,		December 28,
(In millions)			2013		2012
Accounts receivable:
	U.S. federal government		$	429.4	$	376.2
	Others			1,092.8		1,178.6
		Total accounts receivable	$	1,522.2	$	1,554.8
Unbilled Accounts Receivable:
	U.S. federal government		$	877.2	$	892.7
	Others			793.2		756.5
		Total		1,670.4		1,649.2
		Less: Amounts included in Other long-term assets		(343.7)		(264.9)
		Unbilled Accounts Receivable	$	1,326.7	$	1,384.3

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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE16.RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The accumulated balances and reporting period activities related to reclassifications out of accumulated other comprehensive income (loss) are summarized as follows:

(In millions)			Pension and Post-retirement Related Adjustments		Foreign Currency Translation Adjustments		Loss on Derivative Instruments		Accumulated Other Comprehensive Income (Loss)
Balances at December 30, 2011			$	(108.8)	$	(2.0)	$	—	$	(110.8)
	Other comprehensive income before reclassification			0.1		21.1		(0.7)		20.5
	Amounts reclassified from accumulated other comprehensive income:
		Prior service costs, net of tax (1)		(0.4)		—		—		(0.4)
		Actuarial (gains) losses, net of tax (1)		1.4		—		—		1.4
	Net current-period other comprehensive income			1.1		21.1		(0.7)		21.5
Balances at March 30, 2012			$	(107.7)	$	19.1	$	(0.7)	$	(89.3)
Balances at December 28, 2012			$	(135.4)	$	22.8	$	(0.6)	$	(113.2)
	Other comprehensive income before reclassification			1.6		(36.1)		—		(34.5)
	Amounts reclassified from accumulated other comprehensive income:
		Prior service costs, net of tax (1)		(0.1)		—		—		(0.1)
		Actuarial (gains) losses, net of tax (1)		2.4		—		—		2.4
		Translation adjustment realized upon liquidation of foreign subsidiaries, net of tax (2)		—		(0.2)		—		(0.2)
	Net current-period other comprehensive income			3.9		(36.3)		—		(32.4)
Balances at March 29, 2013			$	(131.5)	$	(13.5)	$	(0.6)	$	(145.6)

• These accumulated other comprehensive income components are included in the computation of net periodic pension costs, which were recorded in “Cost of revenues” and “General and administrative expenses” in our Condensed Consolidated Statements of Operations. See Note 12, “Employee Retirement and Post-Retirement Benefit Plans,” for more information.

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EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS

NOTE12. EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS

Defined Benefit Plans

We sponsor a number of pension and unfunded supplemental executive retirement plans. The components of our net periodic pension costs relating to our defined benefit plans for the threemonths ended March 29, 2013 and March 30, 2012 were as follows:

			Three Months Ended
			Domestic Plans				Foreign Plans
			March 29,		March 30,		March 29,		March 30,
(In millions)			2013		2012		2013		2012
Service cost			$	2.2	$	2.0	$	0.1	$	0.1
Interest cost				4.4		4.7		5.7		5.6
Expected return on plan assets				(4.8)		(4.4)		(6.0)		(5.5)
Amortization of:
	Prior service costs			(0.1)		(0.7)		—		—
	Net loss			3.9		2.4		—		—
		Net periodic pension costs	$	5.6	$	4.0	$	(0.2)	$	0.2

During the three months ended March 29, 2013, we made cash contributions, including employer-directed benefit payments, of $7.1 million to the domestic and foreign defined benefit plans. We expect to make additional cash contributions, including estimated employer-directed benefit payments, of approximately $23.5million for the remainder of our2013 fiscal year.

Post-retirement Benefit Plans

We sponsor a number of retiree health and life insurance benefit plans (“post-retirement benefit plans”). The components of our net periodic benefit cost relating to the post-retirement benefit plans for the three months ended March 29, 2013and March 30, 2012were as follows:

			Three Months Ended
			March 29,		March 30,
(In millions)			2013		2012
Interest cost			$	0.4	$	0.5
Expected return on plan assets				(0.1)		(0.1)
	Net loss			0.1		—
		Net periodic benefit costs	$	0.4	$	0.4

During the three months ended March 29, 2013, we made employer-directed benefit payments of $0.8million to the post-retirement benefit plans. We expect to make cash contributions, including estimated employer-directed benefit payments, of approximately $2.8 million for the remainder of our 2013 fiscal year.

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ACQUISITION

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

ACQUISITION

NOTE 8.ACQUISITION

Flint Acquisition

On May 14, 2012, we acquired the outstanding common shares of Flint for C$25.00 per share in cash, or C$1.24 billion (US$1.24 billion based on the exchange rate on the date of the acquisition) and paid $110.3 million of Flint's debt prior to the closing of the transaction in exchange for a promissory note from Flint. In connection with the acquisition of Flint, we recognized $5.6 million for the three months ended March 30, 2012 in “Acquisition-related expenses” on our Condensed Consolidated Statements of Operations.

Investments in and advances to unconsolidated joint ventures.  As a result of the Flint acquisition, we hold a 50% voting and economic interest in a joint venture that provides operations, maintenance, asset management and project management services to the Canadian energy sector. The fair value of our investment in this joint venture at the acquisition date was higher than the underlying equity interest. This difference of $128.5million includes $38.0 million representing intangible assets, and the remaining amount representing goodwill. The intangible assets are being amortized, as a reduction to earnings against the equity in income of this unconsolidated joint venture, over a period ranging from three to 40 years. For the threemonths ended March 29, 2013, amortization of these intangible assets was $2.7million.

Pro forma results.The unaudited financial information in the table below summarizes the combined results of the operations of URS Corporation and Flint for the three months ended March 30, 2012, on a pro forma basis, as though the companies had been combined as of January 1, 2011. The pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at January 1, 2011 nor should it be taken as indicative of our future consolidated results of operations.

		Pro Forma Three Months Ended
(In millions, except per share data)		March 30, 2012
Revenues		$	2,931.8
Net income (loss) including noncontrolling interests		$	107.1
Net income (loss) attributable to URS			81.3
Earnings (loss) per share:
	Basic EPS	$	1.10
	Diluted EPS	$	1.09

The table below shows the material pre-tax, nonrecurring adjustment in the pro forma financial informationfor the three months ended March 30, 2012:

	Pro Forma
Pre-tax, nonrecurring adjustment (In millions)	Three Months Ended
		March 30, 2012
Acquisition-related expenses	$	7.3

• Included in the pro forma results for the threemonths ended March 30, 2012 is a nonrecurring adjustment related to URS and Flintacquisition-related expenses.

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GOODWILL (DETAILS) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013 reportingunits	Mar. 30, 2012	Dec. 28, 2012
Finite-Lived Intangible Assets [Line Items]
Balance	$ 692.2
Amortization expense	(27.6)	(17.2)
Balance	655.5
Table of estimated future amortization expense of intangible assets [Abstract]
Total estimated future amortization expense	655.5
Goodwill [Line Items]
Goodwill	$ 3,229.9		$ 3,247.1
Interim goodwill impairment review (Textuals) [Abstract]
Number of reporting units whose book value exceeds its fair value	3
Number of reporting units included in goodwill impairment review	7

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JOINT VENTURES

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

JOINT VENTURES

NOTE 6. JOINT VENTURES

The following are examples of activities currently being performed by our significant consolidated and unconsolidated joint ventures:

• Engineering, procurement and construction of a concrete dam;
• Liquid waste management services, including the decontamination of a former nuclear fuel reprocessing facility and nuclear hazardous waste processing;
• Management of ongoing tank cleanup effort, including retrieving, treating, storing and disposing of nuclear waste that is stored at tank farms;
• Management, operation and cleanupservices, including commercial operations, decontamination, decommissioning, and waste management of a nuclearfacilityin the United Kingdom (“U.K.”); and
• Operations, maintenance, asset management and project management services to the Canadian energy sector.

In accordance with the current consolidation standard, we analyzed all of our joint ventures and classified them into two groups:

• Joint ventures that must be consolidated because they are either not variable interest entities (“VIEs”) and we hold the majority voting interest, or because they are VIEs of which we are the primary beneficiary; and
• Joint ventures that do not need to be consolidated because they are either not VIEs and we do not hold a majority voting interest, or because they are VIEs of which we are not the primary beneficiary.

We perform a quarterly review of our joint ventures to determine whether there were any changes in the status of the VIEs or changes to the primary beneficiary designation of each VIE. We determined that no such changes occurred during the three months ended March 29, 2013.

In the table below, we have aggregated financial information relating to our VIEs because their nature and risk and reward characteristics are similar. None of our current joint ventures that meets the characteristics of a VIE is individually significant to our consolidated financial statements.

Consolidated Joint Ventures

The following table presents the total assets and liabilities of our consolidated joint ventures:

			March 29,		December 28,
(In millions)			2013		2012
Cash and cash equivalents			$	66.4	$	80.1
Net accounts receivable				262.2		282.2
Other current assets				2.6		2.9
Noncurrent assets				122.7		143.3
		Total assets	$	453.9	$	508.5
Accounts and subcontractors payable			$	120.3	$	185.0
Billings in excess of costs and accrued earnings on contracts				4.6		8.7
Accrued expenses and other				43.5		40.0
Noncurrent liabilities				12.0		22.7
	Total liabilities			180.4		256.4
Total URS equity				133.3		110.2
Noncontrolling interests				140.2		141.9
	Total owners’ equity			273.5		252.1
		Total liabilities and owners’ equity	$	453.9	$	508.5

Total revenues of the consolidated joint ventures were $254.1million and $359.5million for the three months ended March 29, 2013 and March 30, 2012, respectively.

The assets of our consolidated joint ventures are restricted for use only by the particular joint venture and are not available for our general operations.

Unconsolidated Joint Ventures

We use the equity method of accounting for our unconsolidated joint ventures. Under the equity method, we recognize our proportionate share of the net earnings of these joint ventures as a single line item under “Equity in income of unconsolidated joint ventures” in our Condensed Consolidated Statements of Operations.

The table below presents financial information, derived from the most recent financial statements provided to us, in aggregate, for our unconsolidated joint ventures:

	Unconsolidated
(In millions)	VIEs
March 29, 2013
Current assets	$	681.0
Noncurrent assets	$	31.7
Current liabilities	$	453.1
Noncurrent liabilities	$	11.5
December 28, 2012
Current assets	$	594.1
Noncurrent assets	$	23.8
Current liabilities	$	372.5
Noncurrent liabilities	$	7.8
Three months ended March 29, 2013 (1)
Revenues	$	546.4
Cost of revenues	$	(486.7)
Income from continuing operations before tax	$	59.7
Net income	$	56.0
Three months ended March 30, 2012 (1)
Revenues	$	363.9
Cost of revenues	$	(299.9)
Income from continuing operations before tax	$	64.0
Net income	$	58.2

• Income from unconsolidated U.S. joint ventures is generally not taxable in most tax jurisdictions in the United States. The tax expenses on our other unconsolidated joint ventures are primarily related to foreign taxes.

We received $23.1million and $18.6 million, respectively, of distributions from unconsolidated joint ventures for the three months ended March 29, 2013 and March 30, 2012.

Maximum Exposure to Loss

In addition to potential losses arising out of the carrying values of the assets and liabilities of our unconsolidated joint ventures, our maximum exposure to loss also includes performance assurances and guarantees we sometimes provide to clients on behalf of joint ventures that we do not directly control. We enter into these guarantees primarily to support the contractual obligations associated with the joint ventures' projects. The potential payment amount of an outstanding performance guarantee is typically the remaining cost of work to be performed by or on behalf of third parties under engineering and construction contracts. However, the nature of these costs are such that we are not able to estimate amounts that may be required to be paid in excess of estimated costs to complete contracts and, accordingly, the exposure to loss as a result of these performance guarantees cannot be calculated.

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PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

PROPERTY AND EQUIPMENT

NOTE 7. PROPERTY AND EQUIPMENT

Our property and equipment consisted of the following:

		March 29,		December 28,
(In millions)		2013		2012
Construction and mining equipment		$	268.6	$	266.4
Computer software			227.3		219.5
Computer hardware			206.7		198.2
Vehicles and automotive equipment			172.9		172.2
Leasehold improvements			136.2		130.1
Land and buildings			112.5		114.1
Furniture and fixtures			92.2		97.7
Other equipment			74.7		72.4
Construction in progress			20.8		15.6
			1,311.9		1,286.2
Accumulated depreciation and amortization			(631.4)		(598.7)
	Property and equipment at cost, net (1)	$	680.5	$	687.5

• The unamortized computer software costs were $74.5 million and $71.1 million, respectively, as of March 29, 2013 and December 28, 2012.

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INDEBTEDNESS

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

INDEBTEDNESS

NOTE 9. INDEBTEDNESS

Indebtedness consisted of the following:

		March 29,		December 28,
(In millions)		2013		2012
Term loan, net of debt issuance costs		$	666.6	$	666.3
3.85% Senior Notes (net of discount)			399.6		399.5
5.00% Senior Notes (net of discount)			599.5		599.5
7.50% Canadian Notes (including premium)			198.6		203.8
Revolving line of credit			119.0		100.5
Other indebtedness			102.1		94.7
	Total indebtedness		2,085.4		2,064.3
Less:
Current portion of long-term debt			83.0		71.8
	Long-term debt	$	2,002.4	$	1,992.5

2011 Credit Facility

As of each ofMarch 29, 2013 and December 28, 2012, the outstanding balance of the term loan under our senior credit facility (“2011 Credit Facility”)was $670.0 million. As of March 29, 2013 and December 28, 2012, the interest rates applicable to the term loan were 1.70% and 1.71%, respectively. Loans outstanding under our 2011 Credit Facility bear interest, at our option, at the base rate or at the London Interbank Offered Rate (“LIBOR”) plus, in each case, an applicable per annum margin. The applicable margin is determined based on the better of our debt ratings or our leverage ratio in accordance with a pricing grid. The interest rate at which we normally borrow is LIBOR plus 150 basis points.

We were in compliance with the covenants of our 2011 Credit Facility as of March 29, 2013

.

Revolving line of credit. Our revolving line of credit is used to fund daily operating cash needs and to support our standby letters of credit. In the ordinary course of business, the use of our revolving line of credit is a function of collection and disbursement activities. Our daily cash needs generally follow a predictable pattern that parallels our payroll cycles, which dictate, as necessary, our short-term borrowing requirements.

As of March 29, 2013 and December 28, 2012, we had an outstanding balance of$119.0million and $100.5 million on our revolving line of credit, respectively. As of March 29, 2013, we had issued $133.3 million of letters of credit, leaving $747.7 million available under our revolving credit facility.

Senior Notes and Canadian Notes

On March 15, 2012, we issued, in a private placement, $400.0 million aggregate principal amount of 3.85% Senior Notes due on April 1, 2017 and $600.0 million aggregate principal amount of 5.00% Senior Notes due on April 1, 2022 (collectively, the “Senior Notes”). As of March 29, 2013, the outstanding balance of the Senior Notes was $999.1 million, net of $1.0 million of discount.

The Senior Notes are our general unsecured senior obligations and rank equally with our other existing and future unsecured senior indebtedness. The Senior Notes are fully and unconditionally guaranteed (the “Guarantees”) by each of our current and future domestic subsidiaries that are guarantors under our 2011 Credit Facility or that are wholly owned domestic obligors or wholly owned domestic guarantors, individually or collectively, under any future indebtedness of our subsidiaries in excess of $100.0 million (the “Guarantors”). The Guarantees are the Guarantors' unsecured senior obligations and rank equally with the Guarantors' other existing and future unsecured senior indebtedness. See Note 17, “Condensed Consolidating Financial Information.”

In connection with the sale of the Senior Notes, we entered into a registration rights agreement under which we filed a registration statement, on April 17, 2013, with the Securities and Exchange Commission (“SEC”) offering to exchange any privately placed Senior Notes with substantially similar notes, except that the newly exchanged notes will be unrestricted and freely tradable securities. The registration statement has not yet been declared effective by the SEC. Until we complete our exchange offer, we will be required to pay additional interest up to a maximum of 50 basis points to the holders of the Senior Notes.

On May 14, 2012, we guaranteed Flint's senior notes (the “Canadian Notes”) with an outstanding face value of C$175.0 million (US$175.0 million). As of March 29, 2013, the outstanding balance of the Canadian Notes was $198.6 million, including $26.5 million of premium.

We were in compliance with the covenants of our Senior Notes and Canadian Notes as ofMarch 29, 2013.

Other Indebtedness

Notes payable, five-year loan notes, and foreign credit lines. As of March 29, 2013 and December 28, 2012, we had outstanding amounts of $43.6million and $35.5million, respectively, in notes payable, five-year loan notes, and foreign lines of credit. The weighted-average interest rates of the other indebtedness were approximately 5.71% and 4.68% as of March 29, 2013 and December 28, 2012, respectively. Notes payable primarily include notes used to finance the purchase of office equipment, computer equipment and furniture.

As of March 29, 2013 and December 28, 2012, we maintained several credit lines with an aggregate borrowing capacity of$49.0million and $50.8 million, respectively, and had remaining borrowing capacity of $45.2 and $47.7 million, respectively.

Capital Leases. As ofMarch 29, 2013 and December 28, 2012, we had obligations under our capital leases of approximately $58.5 million and $59.2 million, respectively, consisting primarily of leases for office equipment, computer equipment, furniture, vehicles and automotive equipment, and construction equipment.

Foreign Currency Translation Losses Related to Intercompany Loans. We recorded foreign currency translation losses of $2.5 million on intercompany loans for the three months ended March 29, 2013.

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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (DETAILS) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 29, 2013		Mar. 30, 2012
Selected Quarterly Financial Information (unaudited) [Abstract]
Revenues	$ 2,802.5		$ 2,361.5
Cost of revenues	(2,651.3)		(2,203.2)
Acquisition-related expenses			(5.6)
Operating income (loss)	152.6		161.4
Other income (expenses)	(2.5)		2.5
Income tax benefit (expense)	(42.2)		(48.6)
Net income (loss) including noncontrolling interests	86.8		105.5
Noncontrolling interests in income of consolidated subsidiaries	(14.9)		(25.8)
Net income (loss) attributable to URS	71.9		79.7
Earnings (loss) per share:
Basic	$ 0.97		$ 1.08
Diluted	$ 0.96		$ 1.07
Weighted-average shares of common stock outstanding:
Basic	74.4	[1]	74.0	[1]
Diluted	74.9		74.3
Consolidated Statements of Operations Data [Abstract]
Income (loss) before income taxes	129.0		154.1
Income tax benefit (expense)	(42.2)		(48.6)
Net income (loss) including noncontrolling interests	86.8		105.5
Noncontrolling interests in income of consolidated subsidiaries	(14.9)		(25.8)
Net income (loss) attributable to URS	$ 71.9		$ 79.7

[1] Weighted-average shares of common stock outstanding is net of treasury stock.

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BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS (TABLES)

3 Months Ended

Mar. 29, 2013

Components Of Billings In Excess Of Cost And Accrued Earnings On Contracts [Abstract]

Billings in excess of costs and accrued earnings on contracts [Table Text Block]

		March 29,		December 28,
(In millions)		2013		2012
Billings in excess of costs and accrued earnings on contracts		$	184.0	$	211.7
Project-related legal liabilities and other project-related reserves			61.5		55.2
Advance payments negotiated as a contract condition			8.0		9.8
Normal profit liabilities			2.5		4.8
Estimated losses on uncompleted contracts			8.2		7.6
	Total	$	264.2	$	289.1

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EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS (DETAILS) (USD $) In Millions, unless otherwise specified			3 Months Ended
	Mar. 29, 2013	Dec. 28, 2012	Mar. 29, 2013 Pension Plans, Defined Benefit [Member]	Mar. 29, 2013 Domestic Pension Plans [Member]	Mar. 30, 2012 Domestic Pension Plans [Member]	Mar. 29, 2013 Foreign Pension Plans [Member]	Mar. 30, 2012 Foreign Pension Plans [Member]	Mar. 29, 2013 Post-retirement Benefit Plans [Member]	Mar. 30, 2012 Post-retirement Benefit Plans [Member]
Change in benefit obligation:
Service cost				$ 2.2	$ 2.0	$ 0.1	$ 0.1
Interest cost				4.4	4.7	5.7	5.6	0.4	0.5
Change in plan assets:
Employer contributions			7.1					0.8
Amounts recognized in our Consolidated Balance Sheets consist of:
Accrued benefit liability included in other long-term liabilities	288.5	300.9
Net periodic pension costs:
Service cost				2.2	2.0	0.1	0.1
Interest cost				4.4	4.7	5.7	5.6	0.4	0.5
Expected return on plan assets				(4.8)	(4.4)	(6.0)	(5.5)	(0.1)	(0.1)
Amortization of prior service costs				(0.1)	(0.7)			0.1
Recognized actuarial loss				3.9	2.4
Total net periodic pension costs				5.6	4.0	(0.2)	0.2	0.4	0.4
Other defined benefit plans disclosures (Textuals) [Abstract]
Cash contributions			7.1					0.8
Estimated future employer contributions in current fiscal year			$ 23.5					$ 2.8

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SEGMENT AND RELATED INFORMATION

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

SEGMENT AND RELATED INFORMATION

NOTE 14. SEGMENT AND RELATED INFORMATION

We operate our business through the following four segments:

• Infrastructure & EnvironmentDivisionprovides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally.
• Federal ServicesDivision provides services to various U.S. federal government agencies, primarily the Department of Defense. These services include program management, planning, design and engineering, systems engineering and technical assistance, construction and construction management, operations and maintenance, IT services, and decommissioning and closure.
• Energy & ConstructionDivisionprovides program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to the U.S. federal government, state and local government agencies, and private sector clients in the U.S. and internationally.
• Oil & Gas Divisionprovides oilfield services, including rig transportation and fluid hauling services, facility and pipeline construction, module fabrication, and maintenance services, forthe oil and gas industry in the U.S. and Canada.

These foursegments operate under separate management groups and produce discrete financial information. Their operating results also are reviewed separately by management. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012. The information disclosed in our condensed consolidated financial statements is based on the four segments that compose our current organizational structure.

The following table presentssummarized financial information for our reportable segments. “Inter-segment, eliminations and other” in the following table includes eliminations of inter-segment sales and investments in subsidiaries. The segment balance sheet information presented below is included for informational purposes only. We do not allocate resources based upon the balance sheet amounts of individual segments. Our long-lived assets consist primarily of property and equipment.

		Three Months Ended
		March 29,		March 30,
(In millions)		2013		2012
Revenues
Infrastructure & Environment		$	933.4	$	964.2
Federal Services			678.2		717.1
Energy & Construction			664.8		725.7
Oil & Gas (1)			583.8		—
Inter-segment, eliminations and other			(57.7)		(45.5)
	Total revenues	$	2,802.5	$	2,361.5
Equity in income (loss) of unconsolidated joint ventures
Infrastructure & Environment		$	1.1	$	0.8
Federal Services			1.4		1.6
Energy & Construction			21.7		26.3
Oil & Gas (1)			(0.1)		—
	Total equity in income of unconsolidated joint ventures	$	24.1	$	28.7
URS operating income (loss) (2)
Infrastructure & Environment		$	40.8	$	45.4
Federal Services			99.1		93.0
Energy & Construction			12.3		22.8
Oil & Gas (1)			8.2		—
Corporate (3)			(22.7)		(25.6)
	Total URS operating income (loss)	$	137.7	$	135.6
Operating income (loss)
Infrastructure & Environment		$	41.3	$	45.9
Federal Services			99.1		93.0
Energy & Construction			27.1		48.1
Oil & Gas (1)			7.8		—
Corporate (3)			(22.7)		(25.6)
	Total operating income (loss)	$	152.6	$	161.4
Depreciation and amortization
Infrastructure & Environment		$	12.5	$	14.4
Federal Services			9.3		9.6
Energy & Construction			12.0		11.7
Oil & Gas (1)			31.6		—
Corporate (3)			2.1		1.5
	Total depreciation and amortization	$	67.5	$	37.2

• The operating results of Flinthave been included in our consolidated results since the acquisition on May14, 2012.
• We are providing information regarding URS operating income (loss) by segmentbecause management uses this information to assess performance and make decisions about resource allocation. URS operating income is defined as segment operating income after reduction for pre-tax noncontrolling interests, but before the reduction of any pre-tax goodwill impairment charges.
• Corporate includes expenses related to corporate functions and acquisition-related expenses.

Reconciliations of URS operating income by segment to segment operating income for the threemonths ended March 29, 2013 and March 30, 2012are as follows:

		Three Months Ended March 29, 2013
		Infrastructure				Energy		Oil
		&		Federal		&		&
(In millions)		Environment		Services		Construction		Gas		Corporate		Consolidated
URS operating income (loss)		$	40.8	$	99.1	$	12.3	$	8.2	$	(22.7)	$	137.7
Noncontrolling interests			0.5		—		14.8		(0.4)		—		14.9
	Operating income (loss)	$	41.3	$	99.1	$	27.1	$	7.8	$	(22.7)	$	152.6
		Three Months Ended March 30, 2012
		Infrastructure				Energy		Oil
		&		Federal		&		&
(In millions)		Environment		Services		Construction		Gas		Corporate		Consolidated
URS operating income (loss)		$	45.4	$	93.0	$	22.8	$	—	$	(25.6)	$	135.6
Noncontrolling interests			0.5		—		25.3		—		—		25.8
	Operating income (loss)	$	45.9	$	93.0	$	48.1	$	—	$	(25.6)	$	161.4

Total investments in and advances to unconsolidated joint ventures and property and equipment, net of accumulated depreciation, are as follows:

		March 29,		December 28,
(In millions)		2013		2012
Infrastructure & Environment		$	9.0	$	8.1
Federal Services			6.6		5.7
Energy & Construction			119.6		124.5
Oil & Gas			137.0		140.0
	Total investments in and advances to unconsolidated joint ventures	$	272.2	$	278.3
Infrastructure & Environment		$	139.8	$	141.0
Federal Services			40.0		36.6
Energy & Construction			58.4		60.1
Oil & Gas			412.6		422.9
Corporate			29.7		26.9
	Total property and equipment, net of accumulated depreciation	$	680.5	$	687.5

Total assets by segment are as follows:

		March 29,		December 28,
(In millions)		2013		2012
Infrastructure & Environment		$	2,180.7	$	2,267.5
Federal Services			1,636.9		1,645.8
Energy & Construction			2,762.9		2,776.5
Oil & Gas			1,860.3		1,904.4
Corporate			183.2		192.3
	Total assets	$	8,624.0	$	8,786.5

Interim Goodwill Review

We perform our annual goodwill impairment review as of the end of the first month following our September reporting period and also perform interim impairment reviews when triggering events occur. During the first quarter of 2013, a government sequestration order was signed canceling budgetary resources across the federal government for fiscal year 2013. The budget cuts spread across many key government programs and agencies, several of which were related to markets we serve. This event prompted us to perform an interim goodwill impairment test as of March 29, 2013. Management determined that three of our seven reporting units could potentially be impacted by the federal sequester. We performed ananalysis to determine whether the fair value of each reporting unit was less than its carrying amount. Analytical procedures were also performed to include an analysis of the impact on stock market prices of URS and comparable companies, review of stock analyst reports, and management guidance and commentary from comparable companies. Based on this analysis, it was determined that there was no impairment due to the sequestration event.

Major Customers and Other

Our largest clients are from our federal market sector. Within this sector, we have multiple contracts with our two major customers: the U.S. Army and the Department of Energy (“DOE”). For the purpose of analyzing revenues from major customers, we do not consider the combination of all federal departments and agencies as one customer. The different federal agencies manage separate budgets. As such, reductions in spending by one federal agency do not affect the revenues we could earn from another federal agency. In addition, the procurement processes for federal agencies are not centralized, and procurement decisions are made separately by each federal agency. The loss of the federal government, the U.S. Army, or DOE as clients would have a material adverse effect on our business; however, we are not dependent on any single contract on an ongoing basis. We believe that the loss of any single contract would not have a material adverse effect on our business.

Our revenues from the U.S. Army and DOE by division for the threemonths ended March 29, 2013 andMarch 30, 2012 are presented below:

		Three Months Ended
		March 29,		March 30,
(In millions, except percentages)		2013		2012
The U.S. Army (1)
	Infrastructure & Environment	$	33.0	$	43.8
	Federal Services		388.4		373.1
	Energy & Construction		24.8		24.9
Total U.S. Army		$	446.2	$	441.8
Revenues from the U.S. Army as a percentage of our consolidated revenues			16%		19%
DOE
	Infrastructure & Environment	$	1.1	$	1.1
	Federal Services		3.9		5.9
	Energy & Construction		206.8		253.0
Total DOE		$	211.8	$	260.0
Revenues from DOE as a percentage of our consolidated revenues			8%		11%
Revenues from the federal market sector as a percentage of our consolidated revenues			38%		50%

• The U.S. Army includes U.S. Army Corps of Engineers.

Interim Goodwill Review

We perform our annual goodwill impairment review as of the end of the first month following our September reporting period and also perform interim impairment reviews when triggering events occur. During the first quarter of 2013, a government sequestration order was signed canceling budgetary resources across the federal government for fiscal year 2013. The budget cuts spread across many key government programs and agencies, several of which were related to markets we serve. This event prompted us to perform an interim goodwill impairment test as of March 29, 2013. Management determined that three of our seven reporting units could potentially be impacted by the federal sequester. We performed ananalysis to determine whether the fair value of each reporting unit was less than its carrying amount. Analytical procedures were also performed to include an analysis of the impact on stock market prices of URS and comparable companies, review of stock analyst reports, and management guidance and commentary from comparable companies. Based on this analysis, it was determined that there was no impairment due to the sequestration event.

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BUSINESS, BASIS OF PRESENTATION AND ACCOUNTING POLICIES (TABLES)

12 Months Ended

Dec. 28, 2012

Revision of Previously Issued Financial Statements [Abstract]

Revision of Previously Issued Financial Statements [Table Text Block]

						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
As Reported
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions					$	—	$	—	$	771.2	$	811.8	$	(28.2)	$	1,554.8
	Costs and accrued earnings in excess of billings on contracts					$	—	$	—	$	876.9	$	515.7	$	(8.3)	$	1,384.3
	Less receivable allowances					$	—	$	—	$	(29.1)	$	(40.6)	$	—	$	(69.7)
		Net accounts receivable				$	—	$	—	$	1,619.0	$	1,286.9	$	(36.5)	$	2,869.4
	Intercompany accounts receivable					$	1,765.8	$	22.4	$	4,248.9	$	1,530.6	$	(7,567.7)	$	—
	Deferred tax assets					$	6.8	$	—	$	60.3	$	0.5	$	—	$	67.6
	Inventory					$	—	$	—	$	5.5	$	56.0	$	—	$	61.5
	Other current assets					$	38.2	$	—	$	65.5	$	111.3	$	(10.8)	$	204.2
			Total current assets			$	1,825.2	$	22.4	$	6,015.5	$	3,270.7	$	(7,616.6)	$	3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	5,400.5	$	20.7	$	1,812.0	$	258.9	$	(7,213.8)	$	278.3
Property and equipment at cost, net						$	26.9	$	—	$	159.7	$	500.9	$	—	$	687.5
Intangible assets, net						$	0.2	$	—	$	223.5	$	468.5	$	—	$	692.2
Goodwill						$	—	$	—	$	1,778.7	$	1,468.4	$	—	$	3,247.1
Other long-term assets						$	22.4	$	—	$	231.3	$	115.3	$	(4.8)	$	364.2
					Total assets	$	7,275.2	$	43.1	$	10,220.7	$	6,082.7	$	(14,835.2)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions					$	4.1	$	—	$	382.8	$	454.8	$	(38.2)	$	803.5
	Accrued salaries and employee benefits					$	41.1	$	—	$	362.6	$	155.1	$	—	$	558.8
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	146.4	$	143.0	$	(0.3)	$	289.1
	Intercompany accounts payable					$	3,138.3	$	14.7	$	3,109.1	$	1,305.6	$	(7,567.7)	$	—
	Short-term intercompany notes payable					$	14.3	$	—	$	20.0	$	599.2	$	(633.5)	$	—
	Other current liabilities					$	59.4	$	8.6	$	146.3	$	74.0	$	(10.5)	$	277.8
			Total current liabilities			$	3,276.1	$	23.3	$	4,177.2	$	2,774.6	$	(8,250.2)	$	2,001.0
Long-term debt						$	952.2	$	699.6	$	16.9	$	323.8	$	—	$	1,992.5
Deferred tax liabilities						$	—	$	—	$	247.6	$	85.5	$	(4.8)	$	328.3
Self-insurance reserves						$	—	$	—	$	18.3	$	111.5	$	—	$	129.8
Pension and post-retirement benefit obligations						$	—	$	—	$	185.4	$	115.5	$	—	$	300.9
Long-term intercompany notes payable						$	—	$	—	$	561.7	$	687.8	$	(1,249.5)	$	—
Other long-term liabilities						$	2.9	$	—	$	197.0	$	71.1	$	—	$	271.0
				Total liabilities		$	4,231.2	$	722.9	$	5,404.1	$	4,169.8	$	(9,504.5)	$	5,023.5
URS stockholders' equity						$	3,621.1	$	8.0	$	5,400.4	$	1,805.3	$	(7,213.7)	$	3,621.1
Intercompany notes receivable						$	(577.1)	$	(687.8)	$	(583.8)	$	(34.3)	$	1,883.0	$	—
			Total URS stockholders' equity			$	3,044.0	$	(679.8)	$	4,816.6	$	1,771.0	$	(5,330.7)	$	3,621.1
Noncontrolling interests						$	—	$	—	$	—	$	141.9	$	—	$	141.9
				Total stockholders' equity		$	3,044.0	$	(679.8)	$	4,816.6	$	1,912.9	$	(5,330.7)	$	3,763.0
					Total liabilities and stockholders' equity	$	7,275.2	$	43.1	$	10,220.7	$	6,082.7	$	(14,835.2)	$	8,786.5
						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Adjustment
ASSETS
Current assets:
	Accounts receivable, including retentions					$	—	$	—	$	0.1	$	—	$	(0.1)	$	—
		Net accounts receivable				$	—	$	—	$	0.1	$	—	$	(0.1)	$	—
	Intercompany accounts receivable					$	27.4	$	—	$	(315.8)	$	(261.6)	$	550.0	$	—
			Total current assets			$	27.4	$	—	$	(315.7)	$	(261.6)	$	549.9	$	—
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	0.1	$	—	$	0.2	$	4.0	$	(4.3)	$	—
Intangible assets, net						$	—	$	—	$	(0.2)	$	0.2	$	—	$	—
Other long-term assets						$	(0.1)	$	—	$	—	$	(0.2)	$	0.3	$	—
					Total assets	$	27.4	$	—	$	(315.7)	$	(257.6)	$	545.9	$	—
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable and subcontractors payable, including retentions					$	0.1	$	—	$	(0.1)	$	—	$	—	$	—
	Accrued salaries and employee benefits					$	(0.1)	$	—	$	0.1	$	—	$	—	$	—
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	(0.1)	$	—	$	0.1	$	—
	Intercompany accounts payable					$	27.4	$	—	$	(315.7)	$	(261.7)	$	550.0	$	—
	Short-term intercompany notes payable					$	—	$	—	$	—	$	(577.6)	$	577.6	$	—
	Other current liabilities					$	0.1	$	—	$	(0.1)	$	4.0	$	(4.0)	$	—
			Total current liabilities			$	27.5	$	—	$	(315.9)	$	(835.3)	$	1,123.7	$	—
Deferred tax liabilities						$	—	$	—	$	(0.1)	$	0.1	$	—	$	—
Long-term intercompany notes payable						$	—	$	—	$	—	$	577.6	$	(577.6)	$	—
Other long-term liabilities						$	(0.1)	$	—	$	0.1	$	—	$	—	$	—
				Total liabilities		$	27.4	$	—	$	(315.9)	$	(257.6)	$	546.1	$	—
URS stockholders' equity						$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
			Total URS stockholders' equity			$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
				Total stockholders' equity		$	—	$	—	$	0.2	$	—	$	(0.2)	$	—
					Total liabilities and stockholders' equity	$	27.4	$	—	$	(315.7)	$	(257.6)	$	545.9	$	—
						As of December 28, 2012
(in millions)						Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
As Revised
ASSETS
Current assets:
	Cash and cash equivalents					$	14.4	$	—	$	16.3	$	285.4	$	(1.6)	$	314.5
	Accounts receivable, including retentions					$	—	$	—	$	771.3	$	811.8	$	(28.3)	$	1,554.8
	Costs and accrued earnings in excess of billings on contracts					$	—	$	—	$	876.9	$	515.7	$	(8.3)	$	1,384.3
	Less receivable allowances					$	—	$	—	$	(29.1)	$	(40.6)	$	—	$	(69.7)
		Net accounts receivable				$	—	$	—	$	1,619.1	$	1,286.9	$	(36.6)	$	2,869.4
	Intercompany accounts receivable					$	1,793.2	$	22.4	$	3,933.1	$	1,269.0	$	(7,017.7)	$	—
	Deferred tax assets					$	6.8	$	—	$	60.3	$	0.5	$	—	$	67.6
	Inventory					$	—	$	—	$	5.5	$	56.0	$	—	$	61.5
	Other current assets					$	38.2	$	—	$	65.5	$	111.3	$	(10.8)	$	204.2
			Total current assets			$	1,852.6	$	22.4	$	5,699.8	$	3,009.1	$	(7,066.7)	$	3,517.2
Investments in and advances to subsidiaries and unconsolidated joint ventures						$	5,400.6	$	20.7	$	1,812.2	$	262.9	$	(7,218.1)	$	278.3
Property and equipment at cost, net						$	26.9	$	—	$	159.7	$	500.9	$	—	$	687.5
Intangible assets, net						$	0.2	$	—	$	223.3	$	468.7	$	—	$	692.2
Goodwill						$	—	$	—	$	1,778.7	$	1,468.4	$	—	$	3,247.1
Other long-term assets						$	22.3	$	—	$	231.3	$	115.1	$	(4.5)	$	364.2
					Total assets	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5
LIABILITIES AND EQUITY
Current liabilities:
	Current portion of long-term debt					$	18.9	$	—	$	10.0	$	42.9	$	—	$	71.8
	Accounts payable and subcontractors payable, including retentions					$	4.2	$	—	$	382.7	$	454.8	$	(38.2)	$	803.5
	Accrued salaries and employee benefits					$	41.0	$	—	$	362.7	$	155.1	$	—	$	558.8
	Billings in excess of costs and accrued earnings on contracts					$	—	$	—	$	146.3	$	143.0	$	(0.2)	$	289.1
	Intercompany accounts payable					$	3,165.7	$	14.7	$	2,793.4	$	1,043.9	$	(7,017.7)	$	—
	Short-term intercompany notes payable					$	14.3	$	—	$	20.0	$	21.6	$	(55.9)	$	—
	Other current liabilities					$	59.5	$	8.6	$	146.2	$	78.0	$	(14.5)	$	277.8
			Total current liabilities			$	3,303.6	$	23.3	$	3,861.3	$	1,939.3	$	(7,126.5)	$	2,001.0
Long-term debt						$	952.2	$	699.6	$	16.9	$	323.8	$	—	$	1,992.5
Deferred tax liabilities						$	—	$	—	$	247.5	$	85.6	$	(4.8)	$	328.3
Self-insurance reserves						$	—	$	—	$	18.3	$	111.5	$	—	$	129.8
Pension and post-retirement benefit obligations						$	—	$	—	$	185.4	$	115.5	$	—	$	300.9
Long-term intercompany notes payable						$	—	$	—	$	561.7	$	1,265.4	$	(1,827.1)	$	—
Other long-term liabilities						$	2.8	$	—	$	197.1	$	71.1	$	—	$	271.0
				Total liabilities		$	4,258.6	$	722.9	$	5,088.2	$	3,912.2	$	(8,958.4)	$	5,023.5
URS stockholders' equity						$	3,621.1	$	8.0	$	5,400.6	$	1,805.3	$	(7,213.9)	$	3,621.1
Intercompany notes receivable						$	(577.1)	$	(687.8)	$	(583.8)	$	(34.3)	$	1,883.0	$	—
			Total URS stockholders' equity			$	3,044.0	$	(679.8)	$	4,816.8	$	1,771.0	$	(5,330.9)	$	3,621.1
Noncontrolling interests						$	—	$	—	$	—	$	141.9	$	—	$	141.9
				Total stockholders' equity		$	3,044.0	$	(679.8)	$	4,816.8	$	1,912.9	$	(5,330.9)	$	3,763.0
					Total liabilities and stockholders' equity	$	7,302.6	$	43.1	$	9,905.0	$	5,825.1	$	(14,289.3)	$	8,786.5

	For the Year Ended December 28, 2012
(in millions)	Issuer Parent		Issuer Fox LP		Guarantors		Non- Guarantors		Eliminations		Consolidated
Condensed Consolidating Statements of Cash Flows Data:
As Reported
Net cash from investing activities	$	900.8	$	—	$	743.4	$	(851.7)	$	(2,239.1)	$	(1,446.6)
Net cash from financing activities	$	(1,114.4)	$	—	$	(790.1)	$	559.3	$	2,237.5	$	892.3
Adjustments
Net cash from investing activities	$	30.1	$	—	$	75.5	$	39.2	$	(144.8)	$	—
Net cash from financing activities	$	(30.1)	$	—	$	(75.5)	$	(39.2)	$	144.8	$	—
As Revised
Net cash from investing activities	$	930.9	$	—	$	818.9	$	(812.5)	$	(2,383.9)	$	(1,446.6)
Net cash from financing activities	$	(1,144.5)	$	—	$	(865.6)	$	520.1	$	2,382.3	$	892.3

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FAIR VALUE OF DEBT INSTRUMENTS AND DERIVATIVE INSTRUMENTS (DETAILS)	3 Months Ended
	Mar. 30, 2012 USD ($)	Mar. 30, 2012 CAD	Mar. 29, 2013 Senior Notes [Member] USD ($)	Mar. 29, 2013 Credit Facility Term Loan [Member] USD ($)	Dec. 28, 2012 Credit Facility Term Loan [Member] USD ($)
Debt Instrument [Line Items]
Outstanding debt			$ 1,200,000,000	$ 670,000,000	$ 670,000,000
Fair values of our term loans				668,000,000	667,300,000
Fair value of our Senior Notes			1,200,000,000
Foreign currency exchange contracts [Abstract]
Notional amount of foreign currency forward contract	1,250,000,000	1,250,000,000
Foreign currency exchange contracts [Line Items]
Gain on foreign currency forward contracts	$ 2,500,000

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EARNINGS PER SHARE (DETAILS) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013		Mar. 30, 2012
Weighted-average shares of common stock outstanding:
Weighted-average shares of common stock outstanding	74.4	[1]	74.0	[1]
Effect of dilutive stock options, restricted stock awards and units and employee stock purchase plan shares	0.5		0.3
Weighted-average shares of common stock outstanding - Diluted	74.9		74.3
Anti-dilutive equity awards not included in components of weighted-average shares of common stock outstanding	0.1		1.1

[1] Weighted-average shares of common stock outstanding is net of treasury stock.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 29, 2013	Mar. 30, 2012
Comprehensive income (loss):
Net income (loss) including noncontrolling interests	$ 86.8	$ 105.5
Pension and post-retirement related adjustments, net of tax	3.9	1.1
Foreign currency translation adjustments, net of tax	(36.3)	21.1
Loss on derivative instruments, net of tax		(0.7)
Comprehensive income (loss)	54.4	127.0
Noncontrolling interests in comprehensive income of consolidated subsidiaries	(14.9)	(25.8)
Comprehensive income (loss) attributable to URS	$ 39.5	$ 101.2

XML

EARNINGS PER SHARE

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

EARNINGS PER SHARE

NOTE 3. EARNINGS PER SHARE

In our computation of diluted earnings per share (“EPS”), we exclude the potential shares related to stock options that are issued and unexercised where the exercise price exceeds the average market price of our common stock during the period. We also exclude nonvested restricted stock awards and units that have an anti-dilutive effect on EPS or that currently have not met performance conditions.

The following table summarizes the components of weighted-average shares of common stockoutstanding for both basic and diluted EPS:

	Three Months Ended
	March 29,	March 30,
(In millions)	2013	2012
Weighted-average shares of common stock outstanding (1)	74.4	74.0
Effect of dilutive stock options, restricted stock awards and units and employee stock purchase plan shares	0.5	0.3
Weighted-average shares of common stock outstanding – Diluted	74.9	74.3

• Weighted-average shares of common stock outstanding is net of treasury stock.

	March 29,	March 30,
(In millions)	2013	2012
Anti-dilutive equity awards not included above	0.1	1.1

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OTHER COMPREHENSIVE INCOME LOSS AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (DETAILS) (USD $) In Millions, unless otherwise specified	Mar. 29, 2013	Dec. 28, 2012
Other comprehensive income (loss) [Line Items]
Balances	$ (145.6)	$ (113.2)

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EARNINGS PER SHARE (TABLES)

3 Months Ended

Mar. 29, 2013

Earnings per share reconciliation [Abstract]

Earnings per share [Table Text Block]

	Three Months Ended
	March 29,	March 30,
(In millions)	2013	2012
Weighted-average shares of common stock outstanding (1)	74.4	74.0
Effect of dilutive stock options, restricted stock awards and units and employee stock purchase plan shares	0.5	0.3
Weighted-average shares of common stock outstanding – Diluted	74.9	74.3

• Weighted-average shares of common stock outstanding is net of treasury stock.

Earnings per share, anti-dilutive awards [Table Text Block]

	March 29,	March 30,
(In millions)	2013	2012
Anti-dilutive equity awards not included above	0.1	1.1

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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (TABLES)

3 Months Ended

Mar. 29, 2013

Reclassifications Out of Accumulated Other Comprehensive Income (Loss) [Abstract]

Reclassifications out of accumulated other comprehensive income (loss) [Table Text Block]

(In millions)			Pension and Post-retirement Related Adjustments		Foreign Currency Translation Adjustments		Loss on Derivative Instruments		Accumulated Other Comprehensive Income (Loss)
Balances at December 30, 2011			$	(108.8)	$	(2.0)	$	—	$	(110.8)
	Other comprehensive income before reclassification			0.1		21.1		(0.7)		20.5
	Amounts reclassified from accumulated other comprehensive income:
		Prior service costs, net of tax (1)		(0.4)		—		—		(0.4)
		Actuarial (gains) losses, net of tax (1)		1.4		—		—		1.4
	Net current-period other comprehensive income			1.1		21.1		(0.7)		21.5
Balances at March 30, 2012			$	(107.7)	$	19.1	$	(0.7)	$	(89.3)
Balances at December 28, 2012			$	(135.4)	$	22.8	$	(0.6)	$	(113.2)
	Other comprehensive income before reclassification			1.6		(36.1)		—		(34.5)
	Amounts reclassified from accumulated other comprehensive income:
		Prior service costs, net of tax (1)		(0.1)		—		—		(0.1)
		Actuarial (gains) losses, net of tax (1)		2.4		—		—		2.4
		Translation adjustment realized upon liquidation of foreign subsidiaries, net of tax (2)		—		(0.2)		—		(0.2)
	Net current-period other comprehensive income			3.9		(36.3)		—		(32.4)
Balances at March 29, 2013			$	(131.5)	$	(13.5)	$	(0.6)	$	(145.6)

• These accumulated other comprehensive income components are included in the computation of net periodic pension costs, which were recorded in “Cost of revenues” and “General and administrative expenses” in our Condensed Consolidated Statements of Operations. See Note 12, “Employee Retirement and Post-Retirement Benefit Plans,” for more information.

• This accumulated other comprehensive income component is reclassified into “Cost of revenues” in our Condensed Consolidated Statements of Operations.

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STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 29, 2013

Notes to Financial Statements [Abstract]

STOCKHOLDERS' EQUITY

NOTE 13. STOCKHOLDERS' EQUITY

Dividend Program

Our Board of Directors declared the following dividends:

Declaration Date	Dividend Per Share		Record Date		Total Maximum Payment		Payment Date
(In millions, except per share data)
February 24, 2012	$	0.20		March 16, 2012	$	15.2		April 6, 2012
May 4, 2012	$	0.20		June 15, 2012	$	15.4		July 6, 2012
August 3, 2012	$	0.20		September 14, 2012	$	15.4		October 5, 2012
November 2, 2012	$	0.20		December 14, 2012	$	15.4		January 4, 2013
February 22, 2013	$	0.21		March 15, 2013	$	16.0		April 5, 2013
May 3, 2013	$	0.21		June 14, 2013	$	NA		July 5, 2013

NA = Not available

Equity Incentive Plan

As of March 29, 2013, approximately 3.5 million shares had been issued as restricted stock awards and 0.9 million shares were issuable upon the vesting of restricted stock units under our 2008 Incentive Plan. In addition, approximately 0.6 million shares remained reserved for future grants under our 2008 Incentive Plan. On March 28, 2013, our Board adopted an amendment and restatement of our 2008 Incentive Plan, subject to stockholder approval. If our amended 2008 Incentive Plan is approved by our stockholders, the aggregate number of shares of our common stock authorized for issuance under the plan will increase by 1.5 million shares and the term of the plan will be extended until May 23, 2018.

Stock Repurchase Program

The following table summarizes our stock repurchase activities for the three months ended March 29, 2013 and March 30, 2012:

	Three Months Ended
(In millions, except average price paid	March 29,		March 30,
per share)	2013		2012
Common stock repurchase shares		1.0		1.0
Average price paid per share	$	42.96	$	40.00
Cost of common stock repurchased	$	45.1	$	40.0

Stock-Based Compensation

We recognize stock-based compensation expense, net of estimated forfeitures, over the vesting periods in “General and administrative expenses” and “Cost of revenues” in our Condensed Consolidated Statements of Operations.

The following table presents our stock-based compensation expense related to restricted stock awards and units and our employee stock purchase planfor the threemonthsended March 29, 2013andMarch 30, 2012:

			Three Months Ended
			March 29,		March 30,
(In millions)			2013		2012
Stock-based compensation expense:
	Restricted stock awards and units		$	10.9	$	11.2
	Employee stock purchase plan			0.1		0.1
		Stock-based compensation expense	$	11.0	$	11.3
Stock-based compensation expense included in:
	Cost of revenues		$	8.3	$	8.4
	General and administrative expenses			2.7		2.9
		Stock-based compensation expense	$	11.0	$	11.3

Declaration Date	Dividend Per Share		Record Date		Total Maximum Payment		Payment Date
(In millions, except per share data)
February 24, 2012	$	0.20		March 16, 2012	$	15.2		April 6, 2012
May 4, 2012	$	0.20		June 15, 2012	$	15.4		July 6, 2012
August 3, 2012	$	0.20		September 14, 2012	$	15.4		October 5, 2012
November 2, 2012	$	0.20		December 14, 2012	$	15.4		January 4, 2013
February 22, 2013	$	0.21		March 15, 2013	$	16.0		April 5, 2013
May 3, 2013	$	0.21		June 14, 2013	$	NA		July 5, 2013