Cash and Cash Equivalents

12 Months Ended

Jan. 02, 2026

Cash and Cash Equivalents [Abstract]

We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents include cash balances held by our wholly owned subsidiaries as well as cash held by joint ventures that we consolidate. Joint venture and the Aspire project cash balances are limited to specific project activities and are not available for other projects, new acquisitions and joint ventures, general cash needs or distribution to us without approval of the Board of Directors of the respective entities. The cash and cash equivalents held in consolidated joint ventures and the Aspire project are expected to be used for their respective project costs and distributions of earnings.

The components of our cash and cash equivalents balance are as follows:


	January 2, 2026
Dollars in millions	International (a)		Domestic (b)		Total
Cash and cash equivalents	$	226	$	199	$	425
Short-term investments (c)	12		11		23
Cash and cash equivalents held in consolidated joint ventures and Aspire Defence subcontracting entities (d)	52		—		52
Total	$	290	$	210	$	500





	January 3, 2025
Dollars in millions	International (a)		Domestic (b)		Total
Cash and cash equivalents	$	199	$	14	$	213
Short-term investments (c)	8		10		18
Cash and cash equivalents held in consolidated joint ventures and Aspire Defence subcontracting entities (d)	110		1		111
Total	$	317	$	25	$	342

(a)Includes deposits held by non-U.S. entities with operating accounts that constitute offshore cash for tax purposes.

(b)Includes U.S. dollar and foreign currency deposits held in U.S. entities with operating accounts that constitute onshore cash for tax purposes but may reside either in the U.S. or in a foreign country. Includes cash and cash equivalents held by our wholly owned captive insurance company of $15 million and $12 million as of January 2, 2026 and January 3, 2025, respectively, which is generally not available to KBR to support its other operations.

(c)Includes time deposits, money market funds and other highly liquid short-term investments.

(d)Includes short-term investments held by Aspire Defence subcontracting entities for $11 million and $83 million as of January 2, 2026 and January 3, 2025, respectively. In fiscal 2025 a contractual repayment was made by the Aspire Defence subcontracting entities.