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Cash and Equivalents (Notes)
 3 Months Ended
Mar. 31, 2015
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents
Cash and Equivalents

We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and equivalents include cash balances held by our wholly-owned subsidiaries as well as cash held by joint ventures that we consolidate. Joint venture cash balances are limited to joint venture activities and are not available for other projects, general cash needs or distribution to us without approval of the board of directors of the respective joint ventures. We expect to use joint venture cash for project costs and distributions of earnings related to joint venture operations. However, some of the earnings distributions may be paid to other KBR entities where the cash can be used for general corporate needs.

The components of our cash and equivalents balance are as follows:
 
March 31, 2015
Dollars in millions
International (a)
 
Domestic (b)
 
Total
Operating cash and equivalents
$
180

 
$
173

 
$
353

Time deposits
319

 
8

 
327

Cash and equivalents held in joint ventures
71

 
7

 
78

Total
$
570

 
$
188

 
$
758


 
December 31, 2014
Dollars in millions
International (a)
 
Domestic (b)
 
Total
Operating cash and equivalents
$
209

 
$
121

 
$
330

Time deposits
481

 
79

 
560

Cash and equivalents held in joint ventures
71

 
9

 
80

Total
$
761

 
$
209

 
$
970

 
(a)
Includes deposits held in non-U.S. operating accounts.
(b)
Includes U.S. dollar and foreign currency deposits held in operating accounts that constitute onshore cash for tax purposes but may reside either in the U.S. or in a foreign country.

Our international cash balances are primarily held in Australia and the U.K. See Note 11 for further discussion of the tax aspects of our foreign cash repatriation strategy.