Item 8.01 Other Events.

KBR, Inc. (the "Company") is filing this Current Report on Form 8-K (the "Form 8-K") to reflect changes to the presentation of our financial information as set forth in our Annual Report on Form 10-K for the year ended December 31, 2020 (the "2020 Form 10-K"), as filed with the Securities and Exchange Commission (the "SEC") on February 25, 2021, effective January 1, 2021, in order to give effect to a change in our segment reporting.

As previously disclosed in our Quarterly Report on Form 10-Q for the period ended March 31, 2021 (as filed with the SEC on April 29, 2021), effective in the first quarter of our fiscal year 2021, we implemented a strategic change to the structure of our internal organization and transitioned from a three-core business segment model to a two-core business segment model comprised of Government Solutions and Sustainable Technology Solutions.

Effective January 1, 2021, we reorganized our reportable segments and businesses as follows:



•Government Solutions includes the following four business units: Defense &
Intel, formerly the Defense Systems Engineering and Centauri businesses; Science
& Space, formerly called Space & Mission Solutions; Readiness & Sustainment,
formerly called Logistics; and International.
•Sustainable Technology Solutions includes Energy Solutions segment, Technology
Solutions segment, and Non-strategic Business segment, with the exception of our
Australian infrastructure business which moved to GS International in our
Government Solutions segment.
•Other

In our Quarterly Reports on Form 10-Q for the period ended March 31, 2021 and June 30, 2021, we adjusted the unaudited condensed consolidated financial statements to reflect the retrospective application of our segment change.

This Form 8-K updates and supersedes the information in the following sections of our 2020 Form 10-K to reflect retrospective application of our segments changes to conform to the new segment presentation:



•Part I. Item 1, Business
•Part I. Item 2, Properties
•Part II. Item 7, Management's Discussion and Analysis of Financial Condition
and Results of Operations
•Part II. Item 8, Financial Statements and Supplementary Data
•Part IV. Item 15, Exhibits and Financial Statement Schedules

No items in the 2020 Form 10-K other than those identified above are being updated by this Form 8-K. Information in the 2020 Form 10-K is generally stated as of December 31, 2020 and this Form 8-K does not reflect any subsequent information or events other than the changes in segment reporting noted above. Without limiting the foregoing, this Form 8-K does not purport to update Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the 2020 Form 10-K for any information, uncertainties, transactions, risks, events, or trends occurring, or known to management, other than the events described above. For a discussion of events and developments subsequent to the filing of the 2020 Form 10-K, please refer to our SEC filings since that date.

Item 9.01 Financial Statements and Exhibits.



                                     (d)   Exhibits


  23.1             Consent of KPMG LLP - Houston, TX
  99.1             Updates to Annual Report on Form 10-K for the Year Ended December 31, 2020
104                Cover Page Interactive Data File (embedded within the Inline XBRL document)

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