Consolidated Balance Sheets £ in Millions, $ in Millions	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Current assets:
Cash and equivalents	$ 712	$ 739
Accounts receivable, net of allowance for doubtful accounts of $14 and $9	938	927
Contract assets	215	185
Other current assets	146	108
Total current assets	2,011	1,959
Claims receivable	59	98
Property, plant, and equipment, net of accumulated depreciation of $386 and $355 (including net PPE of $29 and $35 owned by a variable interest entity)	130	121
Operating lease right-of-use assets	175	0
Goodwill	1,265	1,265
Intangible assets, net of accumulated amortization of $184 and $151	495	516
Equity in and advances to unconsolidated affiliates	850	724
Deferred income taxes	236	222
Other assets	143	147
Total assets	5,364	5,052
Current liabilities:
Accounts payable	572	546
Contract liabilities	484	463
Accrued salaries, wages and benefits	209	221
Nonrecourse project debt	11	10
Operating lease liabilities	39	0
Other current liabilities	186	179
Total current liabilities	1,501	1,419
Pension obligations	277	250
Employee compensation and benefits	115	109
Income tax payable	92	84
Deferred income taxes	16	27
Nonrecourse project debt	7	17
Long term debt	1,183	1,226
Operating lease liabilities	192	0
Other liabilities	124	202
Total liabilities	3,507	3,334
KBR shareholders’ equity:
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued	0	0
Common stock, $0.001 par value 300,000,000 shares authorized, 178,330,201 and 177,383,302 shares issued, and 141,819,148 and 140,900,032 shares outstanding, respectively	0	0
PIC	2,206	2,190
Retained earnings	1,441	1,235
Treasury stock, 36,511,053 shares and 36,483,270 shares, at cost, respectively	(817)	(817)
AOCL	(987)	(910)
Total KBR shareholders’ equity	1,843	1,698
Noncontrolling interests	14	20
Total shareholders’ equity	1,857	1,718
Total liabilities and shareholders’ equity	$ 5,364	$ 5,052