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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and equivalents $ 883 $ 970
Receivables:    
Accounts receivable, net of allowance for bad debts of $17 and $19 628 847
Costs and estimated earnings in excess of billings on uncompleted contracts (CIE) 224 490
Other current assets 109 147
Total current assets 1,844 2,454
Claims and accounts receivable 526 570
Property, plant, and equipment, net of accumulated depreciation of $352 and $385 (including net PPE of $48 and $57 owned by a variable interest entity) 169 247
Goodwill 324 324
Intangible assets, net of accumulated amortization of $91 million and $96 million 35 41
Equity in and advances to unconsolidated affiliates 281 151
Deferred income taxes 99 143
Other assets 134 148
Total assets 3,412 4,078
Current liabilities:    
Accounts payable 438 742
Payable to former parent 19 56
Billings in excess of costs and estimated earnings on uncompleted contracts (BIE) 509 531
Accrued salaries, wages and benefits 173 197
Nonrecourse project debt 10 10
Other current liabilities 263 442
Total current liabilities 1,412 1,978
Pension obligations 333 502
Employee compensation and benefits 105 112
Income tax payable 78 69
Deferred income taxes 94 95
Nonrecourse project debt 51 63
Deferred income from unconsolidated affiliates 100 95
Other liabilities 187 229
Total liabilities 2,360 3,143
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, 175,108,100 and 174,448,399 shares issued, and 142,058,356 and 144,837,281 shares outstanding 0 0
Paid-in capital in excess of par (PIC) 2,070 2,091
Accumulated other comprehensive loss (AOCL) (831) (876)
Retained earnings 595 439
Treasury stock, 33,049,744 shares and 29,611,118 shares, at cost (769) (712)
Total KBR shareholders' equity 1,065 942
Noncontrolling interests (13) (7)
Total shareholders' equity 1,052 935
Total liabilities and shareholders' equity $ 3,412 $ 4,078