Share Repurchases

12 Months Ended

Jan. 02, 2026

Authorized Share Repurchase Program

On February 25, 2014, the Board of Directors authorized a plan to repurchase our outstanding shares of common stock, which replaced and terminated the August 26, 2011 share repurchase program. On February 20, 2025, the Board of Directors authorized $454 million of share repurchases to be added to the prior authorizations, which increased the total amount authorized and available for repurchase under the share repurchase program to $750 million. As of January 2, 2026, $427 million remained available for repurchase under this authorization. The authorization does not obligate us to acquire any particular number of shares of common stock and may be commenced, suspended or discontinued without prior notice. The share repurchases are intended to be funded through our current and future cash flows and the authorization does not have an expiration date.

Share Maintenance Programs

Stock options and restricted stock awards granted under the KBR, Inc. 2006 Stock and Incentive Plan ("KBR Stock Plan") may be satisfied using shares of our authorized but unissued common stock or our treasury share account.

The ESPP allows eligible employees to withhold up to 10% of their earnings, subject to some limitations, to purchase shares of KBR common stock. These shares are issued from our treasury share account. Effective February 1, 2026, we suspended new share purchases under the ESPP in connection with the Planned Spin‑Off of our Mission Technology Solutions business.

Withhold to Cover Program

We have in place a "withhold to cover" program, which allows us to withhold common shares from employees in connection with the settlement of income tax and related benefit withholding obligations arising from the issuance of share-based equity awards under the KBR Stock Plan.

The table below presents information on our annual share repurchases activity under these programs:


	Year ended January 2, 2026
		Number of Shares	Average price per share		Dollars in Millions
Repurchases under the authorized share repurchase program		6,529,142	$	49.45	$	323
Withhold to cover shares		120,188	$	49.01	6
Total		6,649,330	$	49.44	$	329


	Year ended January 3, 2025
		Number of Shares	Average price per share		Dollars in Millions
Repurchases under the authorized share repurchase program		3,316,026	$	61.51	$	204
Withhold to cover shares		227,616	$	59.64	14
Total		3,543,642	$	61.39	$	218