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Business Segment Information (Tables)

6 Months Ended

Jul. 04, 2025

Segment Reporting [Abstract]

Schedule of Operations by Reportable Segment

Information on each of our business segments and reconciliation to Net income (loss) attributable to KBR from continuing operations within our condensed consolidated statements of operations is presented in the tables below.

Operations by Reportable Segment

			Three Months Ended July 4, 2025
Dollars in millions			MTS						STS						Corporate						Total
Revenues			$	1,412					$	540					$	—					$	1,952
Cost of revenues			(1,233)						(429)						—						(1,662)
Gross profit			179						111						—						290
Equity in earnings of unconsolidated affiliates			8						43						—						51
Selling, general and administrative expenses			(78)						(30)						(38)						(146)
Other			1						(1)						(1)						(1)
Operating income (loss)			110						123						(39)						194
Interest expense			—						—						(41)						(41)
Other non-operating income (expense)			(2)						1						(7)						(8)
Income (loss) from continuing operations before income taxes			108						124						(87)						145
Provision for income taxes			—						—						(39)						(39)
Net income (loss) from continuing operations			108						124						(126)						106
Less: Net income (loss) attributable to noncontrolling interests included in continuing operations			(1)						2						—						1
Net income (loss) attributable to KBR from continuing operations			$	109					$	122					$	(126)					$	105
Supplemental Disclosures:
Depreciation and Amortization			$	30					$	8					$	7					$	45
Purchases of property, plant, and equipment			$	(11)					$	(1)					$	(2)					$	(14)

			Three Months Ended June 28, 2024
Dollars in millions			MTS						STS						Corporate						Total
Revenues			$	1,316					$	531					$	—					$	1,847
Cost of revenues			(1,151)						(426)						—						(1,577)
Gross profit			165						105						—						270
Equity in earnings of unconsolidated affiliates			11						29						—						40
Selling, general and administrative expenses			(63)						(27)						(39)						(129)
Other			—						(1)						—						(1)
Operating income (loss)			113						106						(39)						180
Interest expense			—						—						(32)						(32)
Other non-operating expense			—						—						(2)						(2)
Income (loss) from continuing operations before income taxes			113						106						(73)						146
Provision for income taxes			—						—						(40)						(40)
Net income (loss) from continuing operations			113						106						(113)						106
Less: Net income (loss) attributable to noncontrolling interests included in continuing operations			(2)						2						—						—
Net income (loss) attributable to KBR from continuing operations			$	115					$	104					$	(113)					$	106
Supplemental Disclosures:
Depreciation and Amortization			$	21					$	7					$	7					$	35
Purchases of property, plant, and equipment			$	—					$	—					$	(4)					$	(4)

			Six Months Ended July 4, 2025
Dollars in millions			MTS						STS						Corporate						Total
Revenues			$	2,880					$	1,090					$	—					$	3,970
Cost of revenues			(2,514)						(866)						—						(3,380)
Gross profit			366						224						—						590
Equity in earnings of unconsolidated affiliates			15						78						—						93
Selling, general and administrative expenses			(151)						(60)						(75)						(286)
Other			1						—						(2)						(1)
Operating income (loss)			231						242						(77)						396
Interest expense			—						—						(82)						(82)
Other non-operating income (expense)			(3)						1						(3)						(5)
Income (loss) from continuing operations before income taxes			228						243						(162)						309
Provision for income taxes			—						—						(82)						(82)
Net income (loss) from continuing operations			228						243						(244)						227
Less: Net income (loss) attributable to noncontrolling interests included in continuing operations			(1)						3						—						2
Net income (loss) attributable to KBR from continuing operations			$	229					$	240					$	(244)					$	225
Supplemental Disclosures:
Depreciation and Amortization			$	59					$	14					$	13					$	86
Purchases of property, plant, and equipment			$	(11)					$	(1)					$	(4)					$	(16)
Total Assets as of July 4, 2025			$	4,604					$	1,221					$	968					$	6,793

			Six Months Ended June 28, 2024
Dollars in millions			MTS						STS						Corporate						Total
Revenues			$	2,641					$	1,024					$	—					$	3,665
Cost of revenues			(2,318)						(829)						—						(3,147)
Gross profit			323						195						—						518
Equity in earnings of unconsolidated affiliates			16						54						—						70
Selling, general and administrative expenses			(126)						(47)						(77)						(250)
Other			6						(1)						3						8
Operating income (loss)			219						201						(74)						346
Interest expense			—						—						(63)						(63)
Other non-operating income (expense)			1						1						(10)						(8)
Income (loss) from continuing operations before income taxes			220						202						(147)						275
Provision for income taxes			—						—						(75)						(75)
Net income (loss) from continuing operations			220						202						(222)						200
Less: Net income (loss) attributable to noncontrolling interests included in continuing operations			(2)						3						—						1
Net income (loss) attributable to KBR from continuing operations			222						199						(222)						199
Supplemental Disclosures:
Depreciation and Amortization			$	45					$	12					$	14					$	71
Purchases of property, plant, and equipment			$	(15)					$	(2)					$	(7)					$	(24)
Total Assets as of January 3, 2025			$	4,534					$	1,182					$	947					$	6,663

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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