XML 78 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and equivalents $ 731 $ 970
Receivables:    
Accounts receivable, net of allowance for doubtful accounts of $22 and $19 850 847
Costs in Excess of Billings, Current 332 490
Current deferred income tax asset 105 90
Other current assets 136 147
Total current assets 2,154 2,544
Property, plant, and equipment, net of accumulated depreciation of $362 and $385 (including net PPE of $54 and $57 owned by a variable interest entity) 229 247
Goodwill 324 324
Intangible assets, net of accumulated amortization of $98 and $96 40 41
Equity in and advances to unconsolidated affiliates 165 151
Noncurrent deferred income tax asset 168 174
Noncurrent unbilled receivables on uncompleted contracts 576 570
Other noncurrent assets 166 148
Total assets 3,822 4,199
Current liabilities:    
Accounts payable 586 742
Due to former parent, net 31 56
Billings in Excess of Costs, Current 484 531
Accrued salaries, wages and benefits 197 197
Nonrecourse project debt 10 10
Total other current liabilities 363 488
Total current liabilities 1,671 2,024
Pension obligations 476 502
Noncurrent employee compensation and benefits 119 112
Noncurrent income tax payable 73 69
Noncurrent deferred tax liability 173 170
Nonrecourse project debt 59 63
Deferred Revenue, Noncurrent 100 95
Other noncurrent liabilities 215 229
Total liabilities 2,886 3,264
KBR Shareholders' equity:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 300,000,000 shares authorized, 174,955,041 and 174,448,399 shares issued, and 144,340,841 and 144,837,281 shares outstanding 0 0
Paid-in capital in excess of par (PIC) 2,061 2,091
Accumulated other comprehensive loss (AOCL) (916) (876)
Retained earnings 522 439
Treasury stock, 30,614,200 shares and 29,611,118 shares, at cost (726) (712)
Total KBR shareholders' equity 941 942
Noncontrolling interests (NCI) (5) (7)
Total shareholders' equity 936 935
Total liabilities and shareholders' equity $ 3,822 $ 4,199