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Share Repurchases | 6 Months Ended
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Jul. 04, 2025
Equity [Abstract] |
Share Repurchases | Share Repurchases Authorized Share Repurchase Program On February 25, 2014, the Board of Directors authorized a plan to repurchase our outstanding shares of common stock, which replaced and terminated the August 26, 2011 share repurchase program. On February 20, 2025, the Board of Directors authorized $454 million of share repurchases to be added to the prior authorizations, which increased the total amount authorized and available for repurchase under the share repurchase program to $750 million. As of July 4, 2025, $552 million remained available for repurchase under this authorization. The authorization does not obligate us to acquire any particular number of shares of common stock and may be commenced, suspended or discontinued without prior notice. The share repurchases are intended to be funded through our current and future cash flows and the authorization does not have an expiration date. Withheld to Cover Program We have in place a "withhold to cover" program, which allows us to withhold common shares from employees in connection with the settlement of income tax and related benefit withholding obligations arising from the issuance of share-based equity awards under the KBR, Inc. 2006 Stock and Incentive Plan. The table below presents information on our share repurchases activity under these programs:
| Three Months Ended |  | Six Months Ended
| July 4, 2025 |  | July 4, 2025
| Number of Shares |  | Average Price per Share |  | Dollars in Millions |  | Number of Shares |  | Average Price per Share |  | Dollars in Millions
Repurchases under the authorized share repurchase program | 910,056 |  |  | $ | 52.72 |  |  | $ | 48 |  |  | 3,919,143 |  |  | $ | 50.50 |  |  | $ | 198 |
Withhold to cover shares | 3,244 |  |  | 51.95 |  |  | — |  |  | 116,927 |  |  | 49.05 |  |  | 6 |
Total | 913,300 |  |  | $ | 52.72 |  |  | $ | 48 |  |  | 4,036,070 |  |  | $ | 50.46 |  |  | $ | 204 |
| Three Months Ended |  | Six Months Ended
| June 28, 2024 |  | June 28, 2024
| Number of Shares |  | Average Price per Share |  | Dollars in Millions |  | Number of Shares |  | Average Price per Share |  | Dollars in Millions
Repurchases under the authorized share repurchase program | 1,511,558 |  |  | $ | 63.84 |  |  | $ | 96 |  |  | 2,338,355 |  |  | $ | 62.64 |  |  | $ | 146 |
Withhold to cover shares | 5,469 |  |  | 63.96 |  |  | 1 |  |  | 195,411 |  |  | 59.28 |  |  | 12 |
Total | 1,517,027 |  |  | $ | 63.84 |  |  | $ | 97 |  |  | 2,533,766 |  |  | $ | 62.38 |  |  | $ | 158 |

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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