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Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Data (Unaudited) | Quarterly Data (Unaudited) Summarized quarterly financial data for the years ended December 31, 2019 and 2018 is presented in the following table. In the following table, the sum of basic and diluted “Net income attributable to KBR per share” for the four quarters may differ from the annual amounts due to the required method of computing weighted average number of shares in the respective periods. Additionally, due to the effect of rounding, the sum of the individual quarterly earnings per share amounts may not equal the calculated year earnings per share amount.
(Dollars in millions, except per share amounts) | First |  | Second |  | Third |  | Fourth |  | Year
2019 |  |  |  |  |  |  |  |  |
Total revenues | $ | 1,340 |  |  | $ | 1,422 |  |  | $ | 1,425 |  |  | $ | 1,452 |  |  | $ | 5,639 |
Gross profit | 153 |  |  | 160 |  |  | 169 |  |  | 171 |  |  | 653 |
Equity in earnings of unconsolidated affiliates | — |  |  | 15 |  |  | 9 |  |  | 11 |  |  | 35 |
Operating income | 78 |  |  | 92 |  |  | 104 |  |  | 88 |  |  | 362 |
Net income | 42 |  |  | 50 |  |  | 58 |  |  | 59 |  |  | 209 |
Net income attributable to noncontrolling interests | (2 | ) |  | (2 | ) |  | (2 | ) |  | (1 | ) |  | (7 | )
Net income attributable to KBR | 40 |  |  | 48 |  |  | 56 |  |  | 58 |  |  | 202 |
Net income attributable to KBR per share: |  |  |  |  |  |  |  |  |
Net income attributable to KBR per share—Basic | $ | 0.28 |  |  | $ | 0.34 |  |  | $ | 0.39 |  |  | $ | 0.41 |  |  | $ | 1.42 |
Net income attributable to KBR per share—Diluted | $ | 0.28 |  |  | $ | 0.34 |  |  | $ | 0.39 |  |  | $ | 0.40 |  |  | $ | 1.41 |
(Dollars in millions, except per share amounts) | First |  | Second |  | Third |  | Fourth |  | Year
2018 |  |  |  |  |  |  |  |  |
Total revenues | $ | 1,038 |  |  | $ | 1,267 |  |  | $ | 1,278 |  |  | $ | 1,330 |  |  | $ | 4,913 |
Gross profit | 117 |  |  | 161 |  |  | 149 |  |  | 157 |  |  | 584 |
Equity in earnings of unconsolidated affiliates | 21 |  |  | 12 |  |  | 17 |  |  | 29 |  |  | 79 |
Operating income (a) | 179 |  |  | 100 |  |  | 99 |  |  | 90 |  |  | 468 |
Net income | 137 |  |  | 64 |  |  | 56 |  |  | 53 |  |  | 310 |
Net income attributable to noncontrolling interests | (1 | ) |  | (20 | ) |  | (2 | ) |  | (6 | ) |  | (29 | )
Net income attributable to KBR | 136 |  |  | 44 |  |  | 54 |  |  | 47 |  |  | 281 |
Net income attributable to KBR per share: |  |  |  |  |  |  |  |  |
Net income attributable to KBR per share—Basic | $ | 0.96 |  |  | $ | 0.31 |  |  | $ | 0.38 |  |  | $ | 0.33 |  |  | $ | 1.99 |
Net income attributable to KBR per share—Diluted | $ | 0.96 |  |  | $ | 0.31 |  |  | $ | 0.38 |  |  | $ | 0.33 |  |  | $ | 1.99 |
(a) Operating income includes gain on consolidation of Aspire entities of $108 million that occurred in the first quarter of 2018.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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