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Consolidated Balance Sheets
£ in Millions, $ in Millions
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Current assets:    
Cash and equivalents $ 370 $ 436
Accounts receivable, net of allowance for credit losses of $13 and $13 1,411 899
Contract assets 224 178
Other current assets 147 121
Total current assets 2,152 1,634
Claims and accounts receivable 30 30
Property, plant, and equipment, net of accumulated depreciation of $431 and $419 (including net PPE of $19 and $24 owned by a variable interest entity) 136 130
Operating lease right-of-use assets 158 154
Goodwill 2,060 1,761
Intangible assets, net of accumulated amortization of $291 and $228 708 683
Equity in and advances to unconsolidated affiliates 576 881
Deferred income taxes 226 297
Other assets 153 135
Total assets 6,199 5,705
Current liabilities:    
Accounts payable 1,026 574
Contract liabilities 313 356
Accrued salaries, wages and benefits 317 283
Nonrecourse project debt 0 5
Operating lease liabilities 41 44
Other current liabilities 178 193
Total current liabilities 1,875 1,455
Pension obligations 88 381
Employee compensation and benefits 111 110
Income tax payable 95 96
Deferred income taxes 70 26
Nonrecourse project debt 2 2
Long term debt 1,852 1,584
Operating lease liabilities 188 186
Other liabilities 217 256
Total liabilities 4,498 4,096
Commitments and Contingencies (Notes 6, 14 and 15)
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, 179,983,586 and 179,087,655 shares issued, and 139,786,136 and 140,766,052 shares outstanding, respectively 0 0
PIC 2,251 2,222
Retained earnings 1,260 1,305
Treasury stock, 40,197,450 shares and 38,321,603 shares, at cost, respectively (943) (864)
AOCL (881) (1,083)
Total KBR shareholders’ equity 1,687 1,580
Noncontrolling interests 14 29
Total shareholders’ equity 1,701 1,609
Total liabilities and shareholders’ equity $ 6,199 $ 5,705