Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)

Summarized quarterly financial data for the years ended December 31, 2019 and 2018 is presented in the following table. In the following table, the sum of basic and diluted “Net income attributable to KBR per share” for the four quarters may differ from the annual amounts due to the required method of computing weighted average number of shares in the respective periods. Additionally, due to the effect of rounding, the sum of the individual quarterly earnings per share amounts may not equal the calculated year earnings per share amount.

(Dollars in millions, except per share amounts)	First			Second			Third			Fourth			Year
2019
Total revenues	$	1,340		$	1,422		$	1,425		$	1,452		$	5,639
Gross profit	153			160			169			171			653
Equity in earnings of unconsolidated affiliates	—			15			9			11			35
Operating income	78			92			104			88			362
Net income	42			50			58			59			209
Net income attributable to noncontrolling interests	(2		)	(2		)	(2		)	(1		)	(7		)
Net income attributable to KBR	40			48			56			58			202
Net income attributable to KBR per share:
Net income attributable to KBR per share—Basic	$	0.28		$	0.34		$	0.39		$	0.41		$	1.42
Net income attributable to KBR per share—Diluted	$	0.28		$	0.34		$	0.39		$	0.40		$	1.41
(Dollars in millions, except per share amounts)	First			Second			Third			Fourth			Year
2018
Total revenues	$	1,038		$	1,267		$	1,278		$	1,330		$	4,913
Gross profit	117			161			149			157			584
Equity in earnings of unconsolidated affiliates	21			12			17			29			79
Operating income (a)	179			100			99			90			468
Net income	137			64			56			53			310
Net income attributable to noncontrolling interests	(1		)	(20		)	(2		)	(6		)	(29		)
Net income attributable to KBR	136			44			54			47			281
Net income attributable to KBR per share:
Net income attributable to KBR per share—Basic	$	0.96		$	0.31		$	0.38		$	0.33		$	1.99
Net income attributable to KBR per share—Diluted	$	0.96		$	0.31		$	0.38		$	0.33		$	1.99

(a)

Operating income includes gain on consolidation of Aspire entities of $108 million that occurred in the first quarter of 2018.