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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for this acquisition and the fair value of assets and liabilities assumed as of the acquisition date as follows:
Dollars in millions | Frazer-Nash
Fair value of total consideration paid | $ | 392 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |
Cash and equivalents | 7 |
Accounts receivable | 33 |
Other current assets | 5 |
Total current assets | 45 |
Property, plant, and equipment, net | 6 |
Operating lease right-of-use assets | 6 |
Intangible assets, net | 89 |
Total assets | 146 |
Accounts payable | 13 |
Other current liabilities | 6 |
Total current liabilities | 19 |
Deferred income taxes | 21 |
Operating lease liabilities | 6 |
Total liabilities | 46 |
Net assets acquired | 100 |
Goodwill | $ | 292 |
The following table summarizes the consideration paid for this acquisition and the fair value of assets and liabilities assumed as of the acquisition date as follows:
Dollars in millions | Centauri
Fair value of total consideration paid | $ | 830 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |
Cash and equivalents | 7 |
Accounts receivable | 78 |
Contract assets | 19 |
Other current assets | 1 |
Total current assets | 105 |
Property, plant, and equipment, net | 18 |
Operating lease right-of-use assets | 36 |
Intangible assets, net | 226 |
Other assets | 1 |
Total assets | 386 |
Accounts payable | 29 |
Contract liabilities | 2 |
Accrued salaries, wages and benefits | 39 |
Operating lease liabilities | 6 |
Total current liabilities | 76 |
Deferred income taxes | 19 |
Operating lease liabilities | 30 |
Other liabilities | 7 |
Total liabilities | 132 |
Net assets acquired | 254 |
Goodwill | $ | 576 |
Schedule of Intangible Assets and the Related Weighted-Average Useful Live | The following table summarizes the fair value of intangible assets and the related weighted-average useful lives:
Dollars in millions | Fair Value |  | Weighted Average Amortization Period (in years)
Backlog | $ | 10 |  |  | 1
Customer relationships | 79 |  |  | 16
Total intangible assets | $ | 89 |  |  | 14
The following table summarizes the fair value of intangible assets and the related weighted-average useful lives:
Dollars in millions | Fair Value |  | Weighted Average Amortization Period (in years)
Funded backlog | $ | 28 |  |  | 1
Customer relationships | 198 |  |  | 15
Total intangible assets | $ | 226 |  |  | 13
Schedule of Pro Forma Information | The following unaudited supplemental pro forma results of operations have been prepared from historical financial statements that have been adjusted to give effect to the acquisition of Frazer-Nash and Centauri as though they had been acquired on January 1, 2020 and January 1, 2019, respectively. Pro forma adjustments were primarily related to the amortization of intangibles, interest on borrowings related to the acquisitions, significant nonrecurring transactions and acquisition related transaction costs. Accordingly, this supplemental pro forma financial information is presented for informational purposes only and is not necessarily indicative of what the actual results of operations of the combined company would have been had the acquisitions occurred on January 1, 2020 and January 1, 2019, nor is it indicative of future results of operations.
| Year Ended December 31,
Dollars in millions | 2021 |  | 2020 |  | 2019
| (Unaudited)
Revenue | $ | 7,465 |  |  | $ | 6,317 |  |  | $ | 6,137 |
Net income attributable to KBR | $ | 28 |  |  | $ | (64) |  |  | $ | 172 |
Diluted earnings per share | $ | 0.19 |  |  | $ | (0.45) |  |  | $ | 1.20 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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