XML 60 R43.htm IDEA: XBRL DOCUMENT
v3.25.4

Equity Method Investments and Variable Interest Entities (Tables) | 12 Months Ended
--- | ---
Jan. 02, 2026
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity in Earnings of Unconsolidated Affiliates | The following table presents a rollforward of our equity in and advances to unconsolidated affiliates:
Dollars in millions | January 2, 2026 |  | January 3, 2025
Balance at beginning of fiscal year | $ | 192 |  |  | $ | 206 |
Equity in earnings of unconsolidated affiliates | 210 |  |  | 107 |
Distributions of earnings of unconsolidated affiliates (a) | (165) |  |  | (202) |
Payments from unconsolidated affiliates, net | (9) |  |  | (9) |
Return of equity method investments, net (b) | (82) |  |  | (36) |
Foreign currency translation adjustments | 4 |  |  | (2) |
Other (c) | (43) |  |  | 128 |
Balance at end of fiscal year | $ | 107 |  |  | $ | 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 consolidated statements of cash flows. Joint ventures within our STS segment declared a distribution of earnings of $34 million in the fourth quarter of fiscal 2025 that was not received by KBR until fiscal 2026. A joint venture within our STS segment declared a distribution of earnings of $39 million in the fourth quarter of fiscal 2024 that was not received by KBR until fiscal 2025. (b)During fiscal 2025, we received a return of investment from BRIS of approximately $82 million. On October 6, 2025, our joint venture partner in BRIS sold its ownership interest to a third party. Prior to the closing of this sale, funds were distributed by BRIS during fiscal 2025 to return capital to its owners. Of the funds distributed, KBR received $79 million which has been reflected as a "return of equity method investment, net" within the investing section of our consolidated statements of cash flows. During fiscal 2024, we received a return of investment from JKC of approximately $36 million related to our proportionate share of a tax refund. (c)During fiscal 2025, Other included a reduction to the net liability position of $43 million related to a joint venture within our STS business segment. During fiscal 2024, Other included the reclassification of the net liability position of $128 million related to joint ventures within our STS business segment.
Schedule of Consolidated Summarized Financial Information | Summarized financial information for all jointly owned operations including VIEs that are accounted for using the equity method of accounting is as follows: Balance Sheets
Dollars in millions | January 2, 2026 |  | January 3, 2025
Current assets | $ | 1,624 |  |  | $ | 3,142 |
Noncurrent assets | 1,475 |  |  | 1,473 |
Total assets | $ | 3,099 |  |  | $ | 4,615 |
Current liabilities | $ | 1,493 |  |  | $ | 3,173 |
Noncurrent liabilities | 1,874 |  |  | 1,628 |
Total liabilities | $ | 3,367 |  |  | $ | 4,801 |
Statements of Operations
| Year ended
Dollars in millions | January 2, 2026 |  | January 3, 2025 |  | December 29, 2023
Revenues | $ | 4,737 |  |  | $ | 8,657 |  |  | $ | 5,873 |
Operating income | $ | 453 |  |  | $ | 217 |  |  | $ | 264 |
Net income | $ | 443 |  |  | $ | 221 |  |  | $ | 242 |
The following table summarizes the total assets and total liabilities recorded on our consolidated balance sheets related to our unconsolidated VIEs in which we have a significant variable interest but are not the primary beneficiary.
| January 2, 2026
Dollars in millions | Total Assets |  | Total Liabilities |  |
Affinity joint venture (U.K. MFTS project) | $ | 7 |  |  | $ | 1 |  |  |
Aspire Defence Limited | $ | 94 |  |  | $ | 9 |  |  |
JKC joint venture (Ichthys LNG project) | $ | — |  |  | $ | 81 |  |  |
Plaquemines LNG project | $ | — |  |  | $ | 35 |  |  |
| January 3, 2025
Dollars in millions | Total Assets |  | Total Liabilities |  |
Affinity joint venture (U.K. MFTS project) | $ | 6 |  |  | $ | 1 |  |  |
Aspire Defence Limited | $ | 84 |  |  | $ | 7 |  |  |
JKC joint venture (Ichthys LNG project) | $ | — |  |  | $ | 80 |  |  |
Plaquemines LNG project | $ | 48 |  |  | $ | 94 |  |  |
Schedule of Services Provided to Unconsolidated JV's | Amounts included in our consolidated balance sheets related to services we provided to our unconsolidated joint ventures as of January 2, 2026 and January 3, 2025 are as follows:
Dollars in millions | January 2, 2026 |  | January 3, 2025
Accounts receivable, net of allowance for credit losses (a) | $ | 59 |  |  | $ | 96 |
Contract liabilities (a) | $ | 41 |  |  | $ | 68 |
(a)Accounts receivable and contract liabilities primarily related to the Aspire Defence Limited joint venture within our MTS business segment and a joint venture within our STS business segment.
Schedule of Significant VIEs | The following is a summary of the significant VIE where we are the primary beneficiary:
| January 2, 2026
Dollars in millions | Total Assets |  | Total Liabilities
Aspire Defence subcontracting entities (Aspire Defence project) | $ | 338 |  |  | $ | 149 |
| January 3, 2025
Dollars in millions | Total Assets |  | Total Liabilities
Aspire Defence subcontracting entities (Aspire Defence project) | $ | 372 |  |  | $ | 197 |

X
- Definition [Table Text Block] for Equity In Earnings of Unconsolidated Affiliates [Table] + References No definition available. + Details
Name: | kbr_EquityInEarningsofUnconsolidatedAffiliatesTableTextBlock
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

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration