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Pension and Postretirement Plans (Tables)

12 Months Ended

Dec. 31, 2015

Defined Benefit Plan Disclosure [Line Items]

Schedule of Obligations under the deferred compensation plan

The following table presents our obligations under our employee deferred compensation plan included in "employee compensation and benefits" in our consolidated balance sheets.

	December 31,
Dollars in millions	2015				2014
Deferred compensation plans obligations	$	70			$	71

Pension Benefits [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule Of Changes In Projected Benefit Obligations

Plan assets, expenses and obligations for retirement plans are presented in the following tables.

	United States				Int’l				United States				Int’l
Dollars in millions	2015								2014
Change in projected benefit obligations:
Projected benefit obligations at beginning of period	$	87			$	2,138			$	79			$	2,048
Service cost	—				2				—				2
Interest cost	2				76				3				90
Foreign currency exchange rate changes	(3		)		(174		)		—				(123		)
Actuarial (gain) loss	—				(112		)		11				191
Other	—				—				—				(4		)
Benefits paid	(11		)		(81		)		(6		)		(66		)
Projected benefit obligations at end of period	$	75			$	1,849			$	87			$	2,138
Change in plan assets:
Fair value of plan assets at beginning of period	$	66			$	1,652			$	70			$	1,580
Actual return on plan assets	(1		)		8				—				194
Employer contributions	5				43				2				46
Foreign currency exchange rate changes	—				(90		)		—				(98		)
Benefits paid	(11		)		(81		)		(6		)		(66		)
Other	—				—				—				(4		)
Fair value of plan assets at end of period	$	59			$	1,532			$	66			$	1,652
Funded status	$	(16	)		$	(317	)		$	(21	)		$	(486	)

Schedule Of Amounts Recognized On Consolidated Balance Sheet

	United States				Int’l				United States				Int’l
Dollars in millions	2015								2014
Amounts recognized on the consolidated balance sheets
Other current liabilities (a)	$	—			$	—			$	(5	)		$	—
Pension obligations	(16		)		(317		)		(16		)		(486		)
Total	$	(16	)		$	(317	)		$	(21	)		$	(486	)

(a) In 2015, we made a $5 million contribution to fund settlement of our terminated U.S. pension plan.

Components Of Net Periodic Benefit Cost

Net periodic cost

	United States				Int’l				United States				Int’l				United States				Int’l
Dollars in millions	2015								2014								2013
Components of net periodic benefit cost
Service cost	$	—			$	2			$	—			$	2			$	—			$	2
Interest cost	2				76				3				90				3				79
Expected return on plan assets	(3		)		(97		)		(4		)		(102		)		(5		)		(86		)
Settlements/curtailments	—				—				1				—				2				—
Recognized actuarial loss	5				43				3				39				2				33
Net periodic benefit cost	$	4			$	24			$	3			$	29			$	2			$	28

Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss)

	United States				Int’l				United States				Int’l				United States				Int’l
Dollars in millions	2015								2014								2013
Components of net periodic benefit cost
Service cost	$	—			$	2			$	—			$	2			$	—			$	2
Interest cost	2				76				3				90				3				79
Expected return on plan assets	(3		)		(97		)		(4		)		(102		)		(5		)		(86		)
Settlements/curtailments	—				—				1				—				2				—
Recognized actuarial loss	5				43				3				39				2				33
Net periodic benefit cost	$	4			$	24			$	3			$	29			$	2			$	28

The amounts in accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit cost at December 31, 2015, net of tax were as follows:

	United States				Int’l				United States				Int’l
Dollars in millions	2015								2014
Unrecognized actuarial loss, net of tax of $11 and $198, and $9 and $222, respectively	$	25			$	535			$	31			$	639
Total in accumulated other comprehensive loss	$	25			$	535			$	31			$	639

Schedule Of Amounts In Accumulated Other Comprehensive Income To Be Amortized Into Net Periodic Benefit Cost In 2014

Estimated amounts that will be amortized from accumulated other comprehensive income, net of tax, into net periodic benefit cost in 2016 are as follows:

Dollars in millions	United States				International
Actuarial loss	$	1			$	24
Total	$	1			$	24

Schedule Of Weighted-Average Assumptions

Weighted-average assumptions used to determine net periodic benefit cost
	United States			Int'l			United States			Int'l			United States			Int'l
	2015						2014						2013
Discount rate	2.89	%		3.65	%		3.38	%		4.45	%		3.09	%		4.50	%
Expected return on plan assets	4.81	%		6.25	%		5.28	%		6.45	%		7.00	%		6.15	%

Weighted-average assumptions used to determine benefit obligations at measurement date
	United States			Int'l			United States			Int'l
	2015						2014
Discount rate	3.42	%		3.75	%		2.89	%		3.65	%

Schedule Of Allocation Of Plan Assets

The target asset allocation for our U.S. and International plans for 2016 is as follows:

Asset Allocation	2016 Targeted
	United States			Int'l
Cash and cash equivalents	19	%		—	%
Equity funds and securities	49	%		20	%
Fixed income funds and securities	32	%		37	%
Hedge funds	—	%		22	%
Real estate funds	—	%		5	%
Other	—	%		16	%
Total	100	%		100	%

A summary of total investments for KBR’s pension plan assets measured at fair value is presented below.

	Fair Value Measurements at Reporting Date
Dollars in millions	Total				Level 1				Level 2				Level 3
Asset Category at December 31, 2015
United States plan assets
Investments measured at net asset value (a)	$	59			$	—			$	—			$	—
Total United States plan assets	$	59			$	—			$	—			$	—
International plan assets
Equities	66				54				—				12
Fixed income	14				—				—				14
Real estate	6				—				—				6
Cash and cash equivalents	10				10				—				—
Other	13				—				—				13
Investments measured at net asset value (a)	1,423				—				—				—
Total international plan assets	$	1,532			$	64			$	—			$	45
Total plan assets at December 31, 2015	$	1,591			$	64			$	—			$	45

	Fair Value Measurements at Reporting Date
Dollars in millions	Total				Level 1				Level 2				Level 3
Asset Category at December 31, 2014
United States plan assets
Investments measured at net asset value (a)	$	66			$	—			$	—			$	—
Total United States plan assets	$	66			$	—			$	—			$	—
International plan assets
Equities	61				53				2				6
Fixed income	11				—				—				11
Real estate	12				—				—				12
Cash and cash equivalents	9				9				—				—
Other	13				—				—				13
Investments measured at net asset value (a)	1,546				—				—				—
Total international plan assets	$	1,652			$	62			$	2			$	42
Total plan assets at December 31, 2014	$	1,718			$	62			$	2			$	42

Schedule Of Expected Benefit Payments

Benefit payments. The following table presents the expected benefit payments over the next 10 years.

	Pension Benefits
Dollars in millions	United States				Int’l
2016	$	15			$	79
2017	$	4			$	81
2018	$	4			$	83
2019	$	4			$	85
2020	$	4			$	87
Years 2021 – 2025	$	22			$	471

United States Pension Benefits [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule Of Allocation Of Plan Assets

The range of targeted asset allocations for our U.S. plans for 2016 and 2015, by asset class, are as follows:

Domestic Plans	2016 Targeted						2015 Targeted
	Percentage Range						Percentage Range
	Minimum			Maximum			Minimum			Maximum
Cash and cash equivalents	19	%		19	%		22	%		22	%
Equity funds, securities and other	49	%		49	%		47	%		47	%
Fixed income funds and securities	32	%		32	%		31	%		31	%

International Pension Benefits [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule Of Allocation Of Plan Assets

The range of targeted asset allocations for our International plans for 2016 and 2015, by asset class, are as follows:

International Plans	2016 Targeted						2015 Targeted
	Percentage Range						Percentage Range
	Minimum			Maximum			Minimum			Maximum
Equity funds and securities	—	%		60	%		—	%		51	%
Fixed income funds and securities	—	%		100	%		—	%		100	%
Hedge funds	—	%		35	%		—	%		20	%
Real estate funds	—	%		10	%		—	%		10	%
Other	—	%		20	%		—	%		35	%

Schedule Of Fair Value Measurement Of Plan Assets Using Significant Unobservable Inputs

The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed each year due to the following:

Level 3 fair value measurement rollforward

Dollars in millions	Total				Equities				Fixed Income				Real Estate				Other
International plan assets
Balance as of December 31, 2013	$	24			$	1			$	6			$	5			$	12
Return on assets held at end of year	5				—				(1		)		4				2
Return on assets sold during the year	—				—				—				—				—
Purchases, sales and settlements	15				5				7				3				—
Foreign exchange impact	(2		)		—				(1		)		—				(1		)
Balance as of December 31, 2014	$	42			$	6			$	11			$	12			$	13
Return on assets held at end of year	2				1				—				(2		)		3
Return on assets sold during the year	5				—				—				5				—
Purchases, sales and settlements, net	(1		)		5				4				(8		)		(2		)
Foreign exchange impact	(3		)		—				(1		)		(1		)		(1		)
Balance as of December 31, 2015	$	45			$	12			$	14			$	6			$	13

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