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Income (loss) per Share and Certain Related Information | 12 Months Ended
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Jan. 02, 2026
Earnings Per Share [Abstract] |
Income (loss) per Share and Certain Related Information | Income (loss) per Share and Certain Related Information Income (loss) per share Basic income (loss) per share is based upon the weighted average number of common shares outstanding during the period. Diluted income (loss) per share includes additional common shares that would have been outstanding if potential common shares with a dilutive effect had been issued using the if-converted method for Convertible Debt and the treasury stock method for all other instruments. A summary of the basic and diluted net income (loss) per share calculations is as follows:
|  |  | Year ended |
|  |  |  |  | January 2, |  | January 3, |  | December 29, |
Shares in millions |  |  |  |  | 2026 |  | 2025 |  | 2023 |
Net income (loss) attributable to KBR from continuing operations: |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  |  |  |  | $ | 458 |  |  | $ | 379 |  |  | $ | (260) |  |
Less: Net income attributable to noncontrolling interests included in continuing operations |  |  |  |  | 7 |  |  | 5 |  |  | 4 |  |
Net income (loss) attributable to KBR from continuing operations |  |  |  |  | 451 |  |  | 374 |  |  | (264) |  |
Less: Earnings allocable to participating securities |  |  |  |  | 1 |  |  | 1 |  |  | — |  |
Basic net income (loss) attributable to KBR from continuing operations |  |  |  |  | 450 |  |  | 373 |  |  | (264) |  |
Diluted net income (loss) attributable to KBR from continuing operations |  |  |  |  | $ | 450 |  |  | $ | 373 |  |  | $ | (264) |  |
Net income (loss) attributable to KBR from discontinued operations: |  |  |  |  |  |  |  |  |  |
Net income (loss) from discontinued operations, net of tax |  |  |  |  | $ | (55) |  |  | $ | 2 |  |  | $ | (1) |  |
Less: Net income (loss) attributable to noncontrolling interests included in discontinued operations |  |  |  |  | (19) |  |  | 1 |  |  | — |  |
Net income (loss) attributable to KBR from discontinued operations |  |  |  |  | (36) |  |  | 1 |  |  | (1) |  |
Basic net income (loss) attributable to KBR from discontinued operations |  |  |  |  | (36) |  |  | 1 |  |  | (1) |  |
Diluted net income (loss) attributable to KBR from discontinued operations |  |  |  |  | $ | (36) |  |  | $ | 1 |  |  | $ | (1) |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  |  |  | 129 |  | 134 |  | 135 |
Diluted weighted average common shares outstanding |  |  |  |  | 129 |  | 134 |  | 135 |
Net income (loss) attributable to KBR per share: |  |  |  |  |  |  |  |  |  |
Basic earnings (loss) per share |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  |  |  | $ | 3.49 |  |  | $ | 2.78 |  |  | $ | (1.96) |  |
Discontinued operations |  |  |  |  | $ | (0.28) |  |  | $ | 0.01 |  |  | $ | — |  |
Total basic earnings (loss) per share attributable to KBR |  |  |  |  | $ | 3.21 |  |  | $ | 2.79 |  |  | $ | (1.96) |  |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  |  |  | $ | 3.49 |  |  | $ | 2.78 |  |  | $ | (1.96) |  |
Discontinued operations |  |  |  |  | $ | (0.28) |  |  | $ | 0.01 |  |  | $ | — |  |
Total diluted earnings (loss) per share attributable to KBR |  |  |  |  | $ | 3.21 |  |  | $ | 2.79 |  |  | $ | (1.96) |  |
For the years ended January 2, 2026 and January 3, 2025, the diluted net income attributable to KBR per share calculation excluded the following weighted-average potential common shares because their inclusion would have been anti-dilutive: 0.3 million and 0.2 million, respectively, related to our stock options and restricted stock awards. Due to our net loss position for the year ended December 29, 2023, our basic net loss attributable to KBR per share and diluted net loss attributable to KBR per share are identical as the effect of all potential common shares is anti-dilutive and therefore excluded. For the year ended December 29, 2023, the diluted net loss attributable to KBR per share calculation excluded the following weighted-average potential common shares because their inclusion would have been anti-dilutive: 4.0 million related to the convertible notes that we repurchased and settled in fiscal 2023, 10.2 million related to the outstanding warrants that were terminated in fiscal 2023 and 1.4 million related to our stock options and restricted stock awards. Shares of common stock
Shares in millions | Shares
Balance at December 29, 2023 | 181.7 |
Common stock issued | 0.8 |
Balance at January 3, 2025 | 182.5 |
Common stock issued | 0.4 |
Balance at January 2, 2026 | 182.9 |
Shares of treasury stock
Shares and dollars in millions | Shares |  | Amount
Balance at December 29, 2023 | 46.6 |  |  | $ | 1,279 |
Treasury stock acquired, net of ESPP shares issued | 3.4 |  |  | 215 |
Balance at January 3, 2025 | 50.0 |  |  | 1,494 |
Treasury stock acquired, net of ESPP shares issued | 6.4 |  |  | 324 |
Balance at January 2, 2026 | 56.4 |  |  | $ | 1,818 |
Dividends We declared dividends totaling $85 million and $80 million in fiscal 2025 and fiscal 2024, respectively. On February 19, 2026, the Board of Directors declared a dividend of $0.165 per share, which will be paid on April 15, 2026.

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