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Discontinued Operations (Tables) | 6 Months Ended
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Jul. 04, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The key components of net income (loss) attributable to KBR from discontinued operations for the three and six months ended July 4, 2025 and June 28, 2024 were as follows:
| Three Months Ended |  | Six Months Ended
| July 4, 2025 |  | June 28, 2024 |  | July 4, 2025 |  | June 28, 2024
Dollars in millions |  |  |  |  |  |  |
Revenues | $ | 27 |  |  | $ | 8 |  |  | $ | 64 |  |  | $ | 8 |
Cost of revenues | (40) |  |  | (7) |  |  | (79) |  |  | (7) |
Gross profit (loss) | (13) |  |  | 1 |  |  | (15) |  |  | 1 |
Selling, general and administrative expenses | (22) |  |  | — |  |  | (27) |  |  | — |
Loss on disposal (a) | (22) |  |  | — |  |  | (22) |  |  | — |
Operating income (loss) | (57) |  |  | 1 |  |  | (64) |  |  | 1 |
Income (loss) from discontinued operations before income taxes | (57) |  |  | 1 |  |  | (64) |  |  | 1 |
Provision for income taxes | 9 |  |  | — |  |  | 10 |  |  | — |
Net income (loss) from discontinued operations, net of tax | (48) |  |  | 1 |  |  | (54) |  |  | 1 |
Less: Net income (loss) attributable to noncontrolling interests included in discontinued operations | (16) |  |  | 1 |  |  | (18) |  |  | 1 |
Net loss attributable to KBR from discontinued operations | $ | (32) |  |  | $ | — |  |  | $ | (36) |  |  | $ | — |
(a) Includes $64 million of asset impairments related to property, plant and equipment and write-offs of $30 million in other assets, offset by elimination of $72 million in other liabilities. The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in the Company's Condensed Consolidated Balance Sheets as of July 4, 2025 and January 3, 2025:
| July 4, 2025 |  | January 3, 2025 |  |
Dollars in millions |  |  |  |  |
Assets |  |  |  |  |
Cash and equivalents | $ | 1 |  |  | $ | 8 |  |  |
Accounts receivable, net of allowance for credit losses | 14 |  |  | 5 |  |  |
Contract assets | 3 |  |  | 2 |  |  |
Other current assets | 12 |  |  | 6 |  |  |
Total current assets of discontinued operations | 30 |  |  | 21 |  |  |
Property, plant, and equipment, net of accumulated depreciation | — |  |  | 52 |  |  |
Other assets | — |  |  | 26 |  |  |
Total non-current assets of discontinued operations | — |  |  | 78 |  |  |
Liabilities |  |  |  |  |
Accounts payable | $ | 24 |  |  | $ | 5 |  |  |
Contract liabilities | — |  |  | 8 |  |  |
Accrued salaries, wages and benefits | 3 |  |  | 2 |  |  |
Other current liabilities | 11 |  |  | — |  |  |
Total current liabilities of discontinued operations | 38 |  |  | 15 |  |  |
Other liabilities | — |  |  | 69 |  |  |
Total non-current liabilities of discontinued operations | — |  |  | 69 |  |  |

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