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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 04, 2025
Jan. 03, 2025
Current assets:    
Cash and equivalents $ 403 $ 342
Accounts receivable, net of allowance for credit losses of $7 and $9, respectively 1,213 1,066
Contract assets 282 271
Other current assets 164 173
Current assets of discontinued operations 30 21
Total current assets 2,092 1,873
Pension Assets 115 82
Property, plant, and equipment, net of accumulated depreciation of $500 and $474 (including net PPE of $6 and $5 owned by a variable interest entity), respectively 233 237
Operating lease assets right-of-use assets 196 203
Goodwill 2,693 2,630
Intangible assets, net of accumulated amortization of $473 and $427, respectively 761 763
Equity in and advances to unconsolidated affiliates 181 192
Deferred income taxes 179 209
Other assets 343 396
Non-current assets of discontinued operations 0 78
Total Assets 6,793 6,663
Current liabilities:    
Accounts payable 813 772
Contract liabilities 334 328
Accrued salaries, wages and benefits 341 351
Current maturities of long-term debt 43 36
Other current liabilities 288 280
Current liabilities of discontinued operations 38 15
Total current liabilities 1,857 1,782
Employee compensation and benefits 135 135
Income tax payable 128 122
Deferred income taxes 88 83
Long-term debt 2,571 2,533
Operating lease liabilities 217 228
Other liabilities 308 244
Non-current liabilities of discontinued operations 0 69
Total liabilities 5,304 5,196
Commitments and Contingencies (Notes 5, 10 and 11)
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, 182,806,591 and 182,469,230 shares issued, and 128,841,538 and 132,435,609 shares outstanding, respectively 0 0
PIC 2,539 2,526
Retained earnings 1,513 1,367
Treasury stock, 53,965,053 shares and 50,033,621 shares, at cost, respectively (1,697) (1,494)
AOCL (868) (946)
Total KBR shareholders' equity 1,487 1,453
Noncontrolling interests 2 14
Total shareholders' equity 1,489 1,467
Total liabilities and shareholders’ equity $ 6,793 $ 6,663