XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.25.2

Equity Method Investments and Variable Interest Entities | 6 Months Ended
--- | ---
Jul. 04, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments and Variable Interest Entities | Equity Method Investments and Variable Interest Entities We conduct some of our operations through joint ventures, which operate through partnerships, corporations and undivided interests and other business forms and are principally accounted for using the equity method of accounting. Additionally, the majority of our joint ventures are VIEs. The following table presents a rollforward of our equity in and advances to unconsolidated affiliates:
| Six Months Ended |  | Year ended
| July 4, |  | January 3,
| 2025 |  | 2025
Dollars in millions |  |  |
Beginning balance | $ | 192 |  |  | $ | 206 |
Equity in earnings of unconsolidated affiliates | 93 |  |  | 107 |
Distributions of earnings of unconsolidated affiliates (a) | (85) |  |  | (202) |
Payments from unconsolidated affiliates, net | (5) |  |  | (9) |
Return of equity method investments, net (b) | (3) |  |  | (36) |
Foreign currency translation adjustments | 5 |  |  | (2) |
Other (c) | (16) |  |  | 128 |
Ending balance | $ | 181 |  |  | $ | 192 |
(a)In the normal course of business, our joint ventures will declare a distribution in the current quarter that is not paid until the subsequent quarter. As such, the distributions declared during the current quarter may not agree to the distributions of earnings from unconsolidated affiliates on our condensed consolidated statements of cash flows. During the year ended January 3, 2025, a joint venture within our STS segment declared a distribution of earnings of $39 million that was not received by KBR until the six months ended July 4, 2025. (b)During the year ended January 3, 2025, we received a return of investment from JKC of approximately $36 million related to our proportionate share of a tax refund. (c)During the six months ended July 4, 2025, Other included a reduction to the net liability position of $17 million related to a joint venture within our STS business segment. During the year ended January 3, 2025, Other included the reclassification of the net liability position of $128 million related to joint ventures within our STS business segment. Related Party Transactions We often provide engineering, construction management and other subcontractor services to our unconsolidated joint ventures, and our revenues include amounts related to these services. For the three and six months ended July 4, 2025, our revenues included $190 million and $363 million, respectively, and for the three and six months ended June 28, 2024, our revenues included $171 million and $344 million, respectively, related to the services we provided primarily to the Aspire Defence Limited joint venture within our MTS business segment and a joint venture within our STS business segment. Amounts included in our condensed consolidated balance sheets related to services we provided to our unconsolidated joint ventures as of July 4, 2025 and January 3, 2025 are as follows:
| July 4, |  | January 3,
Dollars in millions | 2025 |  | 2025
Accounts receivable, net of allowance for credit losses | $ | 92 |  |  | $ | 96 |
Contract liabilities | $ | 62 |  |  | $ | 68 |

X
- Definition Disclosure of variable interest entities (VIE), including, but not limited to the nature, purpose, size, and activities of the VIE, the carrying amount and classification of consolidated assets that are collateral for the VIE's obligations, lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary. An enterprise that holds a significant variable interest in a VIE but is not the primary beneficiary may disclose the nature of its involvement with the VIE and when that involvement began, the nature, purpose, size, and activities of the VIE and the enterprise's maximum exposure to loss as a result of its involvement with the VIE. Equity Method Investment represents disclosure of information related to equity method investments in common stock. The information which should be considered for disclosure includes: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References No definition available. + Details
Name: | kbr_EquityMethodInvestmentsAndVariableInterestEntitiesTextBlock
Namespace Prefix: | kbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration