Cash and Cash Equivalents |
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| Cash and Cash Equivalents | Cash and Cash Equivalents 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:
(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 $10 million and $15 million as of April 3, 2026 and January 2, 2026, 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 as of April 3, 2026 and January 2, 2026.
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