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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 483 $ 436
Accounts receivable, net of allowance for credit losses of $13 and $13 934 899
Contract assets 183 178
Other current assets 126 121
Total current assets 1,726 1,634
Claims and accounts receivable 30 30
Property, plant, and equipment, net of accumulated depreciation of $431 and $419 (including net PPE of $22 and $24 owned by a variable interest entity) 136 130
Operating lease right-of-use assets 161 154
Goodwill 1,763 1,761
Intangible assets, net of accumulated amortization of $265 and $228 654 683
Equity in and advances to unconsolidated affiliates 662 881
Deferred income taxes 245 297
Other assets 145 135
Total assets 5,522 5,705
Current liabilities:    
Accounts payable 633 574
Contract liabilities 278 356
Accrued salaries, wages and benefits 293 283
Nonrecourse project debt 0 5
Operating lease liabilities 41 44
Other current liabilities 198 193
Total current liabilities 1,443 1,455
Pension obligations 339 381
Employee compensation and benefits 99 110
Income tax payable 95 96
Deferred income taxes 16 26
Nonrecourse project debt 2 2
Long-term debt 1,585 1,584
Operating lease liabilities 194 186
Other liabilities 248 256
Total liabilities 4,021 4,096
KBR shareholders’ equity:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued 0 0
Common stock, $0.001 par value 300,000,000 shares authorized, 179,837,924 and 179,087,655 shares issued, and 140,780,015 and 140,766,052 shares outstanding, respectively 0 0
PIC 2,240 2,222
Retained earnings 1,169 1,305
Treasury stock, 39,057,909 shares and 38,321,603 shares, at cost, respectively (895) (864)
AOCL (1,045) (1,083)
Total KBR shareholders’ equity 1,469 1,580
Noncontrolling interests 32 29
Total shareholders’ equity 1,501 1,609
Total liabilities and shareholders’ equity $ 5,522 $ 5,705