Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	YUM! BRANDS, INC.
Entity Central Index Key	0001041061

Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE DISCLOSURE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation

S-K,

we are providing the following information about the relationship between executive compensation actually paid (as defined by SEC rules) and certain financial performance of the Company. The Management Planning and Development Committee did not consider the pay versus performance disclosure when making its incentive compensation decisions. For further information about how we align executive compensation with the company’s performance, see “Compensation Discussion and Analysis” on page

above. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by NEOs, including with respect to SARs, RSUs and PSUs. See the “2023 Option Exercises and Stock Vested” table on page

for more information.

The following table sets forth additional compensation information of our Chief Executive Officer (CEO) and our

non-CEO

NEOs along with total shareholder return, net income, and Core Operating Profit Growth performance results for 2020, 2021, 2022 and 2023.


Year (1)	Summary Compensation Table Total for CEO ($)		Compensation Actually Paid to CEO ($) (2)(3)			Average Summary Compensation Table Total for Non-CEO NEOs ($)		Average Compensation Actually Paid to Non-CEO NEOs($) (2)(3)			Value of Initial Fixed $100 Investment Based On:				Net Income ($)		Core Operating Profit Growth (9)
Year (1)	Summary Compensation Table Total for CEO ($)		Compensation Actually Paid to CEO ($) (2)(3)								Total Shareholder Return ($) (8)		Peer Group Total Shareholder Return ($) (8)		Net Income ($)		Core Operating Profit Growth (9)
2023		21,238,955		19,362,404	(4)		5,606,206		5,685,564	(4)		140		149		1,597,000,000		12%
2022		16,671,654		16,099,314	(5)		4,984,077		4,629,758	(5)		134		104		1,325,000,000		5%
2021		27,578,659		45,011,805	(6)		8,305,919		13,880,647	(6)		143		166		1,575,000,000		18%
2020		14,631,451		10,894,204	(7)		4,294,455		4,270,359	(7)		110		133		904,000,000		(7)%

(1) The CEO and NEOs included in the above compensation columns reflect the following:


Year	CEO	NEOs
2023	David Gibbs	Chris Turner, Tracy Skeans, Sabir Sami, Aaron Powell
2022	David Gibbs	Chris Turner, Tracy Skeans, Mark King, Aaron Powell
2021	David Gibbs	Chris Turner, Tracy Skeans, Mark King, Tony Lowings
2020	David Gibbs	Chris Turner, Tracy Skeans, Mark King, Tony Lowings

(2)

Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (1) for RSU awards, closing price of YUM common stock on applicable

year-end

dates or, in the case of vesting dates, the actual vesting price, (2) for PSU awards, the same valuation methodology as RSU awards above except

year-end

and vesting date values are multiplied by the probability of achievement or actual results, as applicable, as of each such date and, for PSU awards with market-based conditions, the probability is determined based on the outcome of a Monte Carlo simulation and (3) for SARs, the fair value calculated by a Black-Scholes option-pricing model as of the applicable

year-end

or vesting date(s), determined based on the same methodology as used to determine grant date fair values but using the closing YUM or YUM China common stock price on the applicable revaluation date as the current market price as of the revaluation date, and in all cases based on expected term, as determined using the simplified method, volatility, dividend rates and risk free rates determined as of the revaluation date. The simplified method was used to determine expected term as of the revaluation date as we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term for awards with remaining contractual terms of less than 10 years.

(3) For the portion of “Compensation Actually Paid” that is based on

year-end

stock prices, the following prices were used: for 2023: $130.66 (a 2% increase from prior year); for 2022: $128.08 (an 8% reduction from prior year), for 2021: $138.86 (a 28% increase from prior year), and for 2020: $108.56 (an 8% increase from prior year).

(4) 2023 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2023 Summary Compensation Table (SCT)		21,238,955			5,606,206
Less, Value of Stock & Option Awards Reported in SCT		11,971,618			2,602,626
Less, Change in Pension Value in SCT		2,999,005			93,896
Plus, Pension Service Cost and impact of Pension Plan Amendments		602,421			57,783
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		12,975,399			2,820,850
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		1,934,143			369,155
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(2,417,891	)		(471,908	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(1,876,551	)		79,358
“Compensation Actually Paid” for Fiscal Year 202 3		19,362,404			5,685,564

(5) 2022 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2022 Summary Compensation Table (SCT)		16,671,654			4,984,077
Less, Value of Stock & Option Awards Reported in SCT		11,763,389			2,342,510
Less, Change in Pension Value in SCT		367,990			—
Plus, Pension Service Cost and impact of Pension Plan Amendments		623,605			82,464
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		13,486,323			2,685,599
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		(730,276	)		(185,202	)
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(1,820,613	)		(594,670	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(572,340	)		(354,319	)
“Compensation Actually Paid” for Fiscal Year 2022		16,099,314			4,629,758

(6) 2021 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)		Average of Non-CEO NEOs ($)
Total Reported in 2021 Summary Compensation Table (SCT)		27,578,659		8,305,919
Less, Value of Stock & Option Awards Reported in SCT		15,936,623		4,449,129
Less, Change in Pension Value in SCT		4,789,314		203,750
Plus, Pension Service Cost and impact of Pension Plan Amendments		1,597,763		73,389
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		28,021,727		7,768,744
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		7,360,149		2,090,847
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—		—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		1,179,444		294,627
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—		—
Total Adjustments		17,433,146		5,574,728
“Compensation Actually Paid” for Fiscal Year 2021		45,011,805		13,880,647

(7) 2020 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2020 Summary Compensation Table (SCT)		14,631,451			4,294,455
Less, Value of Stock & Option Awards Reported in SCT		8,146,446			1,963,535
Less, Change in Pension Value in SCT		4,517,703			463,105
Plus, Pension Service Cost and impact of Pension Plan Amendments		445,160			52,089
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		8,657,431			2,206,217
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		351,871			196,358
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(527,560	)		(52,120	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(3,737,247	)		(24,096	)
“Compensation Actually Paid” for Fiscal Year 2020		10,894,204			4,270,359

(8) Company and Peer Group TSR reflects the Company’s peer group (S&P 500 Consumer Discretionary Index) as reflected in our Annual Report on the Form

10-K

for the fiscal year ended December 31, 2023. Each year reflects what the cumulative value of $100 would be, including the reinvestment of dividends, if such amount were invested on December 27, 2019.

(9) Core Operating Profit is a

non-GAAP

measure. Core Operating Profit is determined by excluding from Operating Profit both Special Items, which the Company does not believe are indicative of our ongoing operations due to their size and/or nature, and the impacts of foreign currency translation. Special Items include, among other items, gain or loss associated with market-wide refranchising, operating profit or loss associated with the decision to cease operations in Russia, and certain charges associated with resource optimization. See pages

31-32

and

35-36

in Item 7 of YUM’s Form

10-K

for the fiscal year ended on December 31, 2023 for a discussion of Core Operating Profit in 2023. Core Operating Profit Growth shown above for 2020 excludes the impact of a 53rd week in 2019.

Company Selected Measure Name

Core Operating Profit

Named Executive Officers, Footnote

(1) The CEO and NEOs included in the above compensation columns reflect the following:


Year	CEO	NEOs
2023	David Gibbs	Chris Turner, Tracy Skeans, Sabir Sami, Aaron Powell
2022	David Gibbs	Chris Turner, Tracy Skeans, Mark King, Aaron Powell
2021	David Gibbs	Chris Turner, Tracy Skeans, Mark King, Tony Lowings
2020	David Gibbs	Chris Turner, Tracy Skeans, Mark King, Tony Lowings

Peer Group Issuers, Footnote

Company and Peer Group TSR reflects the Company’s peer group (S&P 500 Consumer Discretionary Index) as reflected in our Annual Report on the Form

10-K

for the fiscal year ended December 31, 2023. Each year reflects what the cumulative value of $100 would be, including the reinvestment of dividends, if such amount were invested on December 27, 2019.

PEO Total Compensation Amount

$ 21,238,955

$ 16,671,654

$ 27,578,659

$ 14,631,451

PEO Actually Paid Compensation Amount

$ 19,362,404

16,099,314

45,011,805

10,894,204

Adjustment To PEO Compensation, Footnote

(4) 2023 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2023 Summary Compensation Table (SCT)		21,238,955			5,606,206
Less, Value of Stock & Option Awards Reported in SCT		11,971,618			2,602,626
Less, Change in Pension Value in SCT		2,999,005			93,896
Plus, Pension Service Cost and impact of Pension Plan Amendments		602,421			57,783
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		12,975,399			2,820,850
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		1,934,143			369,155
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(2,417,891	)		(471,908	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(1,876,551	)		79,358
“Compensation Actually Paid” for Fiscal Year 202 3		19,362,404			5,685,564

(5) 2022 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2022 Summary Compensation Table (SCT)		16,671,654			4,984,077
Less, Value of Stock & Option Awards Reported in SCT		11,763,389			2,342,510
Less, Change in Pension Value in SCT		367,990			—
Plus, Pension Service Cost and impact of Pension Plan Amendments		623,605			82,464
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		13,486,323			2,685,599
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		(730,276	)		(185,202	)
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(1,820,613	)		(594,670	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(572,340	)		(354,319	)
“Compensation Actually Paid” for Fiscal Year 2022		16,099,314			4,629,758

(6) 2021 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)		Average of Non-CEO NEOs ($)
Total Reported in 2021 Summary Compensation Table (SCT)		27,578,659		8,305,919
Less, Value of Stock & Option Awards Reported in SCT		15,936,623		4,449,129
Less, Change in Pension Value in SCT		4,789,314		203,750
Plus, Pension Service Cost and impact of Pension Plan Amendments		1,597,763		73,389
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		28,021,727		7,768,744
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		7,360,149		2,090,847
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—		—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		1,179,444		294,627
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—		—
Total Adjustments		17,433,146		5,574,728
“Compensation Actually Paid” for Fiscal Year 2021		45,011,805		13,880,647

Non-PEO NEO Average Total Compensation Amount

$ 5,606,206

4,984,077

8,305,919

4,294,455

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,685,564

4,629,758

13,880,647

4,270,359

Adjustment to Non-PEO NEO Compensation Footnote

(4) 2023 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2023 Summary Compensation Table (SCT)		21,238,955			5,606,206
Less, Value of Stock & Option Awards Reported in SCT		11,971,618			2,602,626
Less, Change in Pension Value in SCT		2,999,005			93,896
Plus, Pension Service Cost and impact of Pension Plan Amendments		602,421			57,783
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		12,975,399			2,820,850
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		1,934,143			369,155
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(2,417,891	)		(471,908	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(1,876,551	)		79,358
“Compensation Actually Paid” for Fiscal Year 202 3		19,362,404			5,685,564

(5) 2022 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)			Average of Non-CEO NEOs ($)
Total Reported in 2022 Summary Compensation Table (SCT)		16,671,654			4,984,077
Less, Value of Stock & Option Awards Reported in SCT		11,763,389			2,342,510
Less, Change in Pension Value in SCT		367,990			—
Plus, Pension Service Cost and impact of Pension Plan Amendments		623,605			82,464
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		13,486,323			2,685,599
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		(730,276	)		(185,202	)
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—			—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		(1,820,613	)		(594,670	)
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—			—
Total Adjustments		(572,340	)		(354,319	)
“Compensation Actually Paid” for Fiscal Year 2022		16,099,314			4,629,758

(6) 2021 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the

Non-CEO

NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:


	CEO ($)		Average of Non-CEO NEOs ($)
Total Reported in 2021 Summary Compensation Table (SCT)		27,578,659		8,305,919
Less, Value of Stock & Option Awards Reported in SCT		15,936,623		4,449,129
Less, Change in Pension Value in SCT		4,789,314		203,750
Plus, Pension Service Cost and impact of Pension Plan Amendments		1,597,763		73,389
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding		28,021,727		7,768,744
Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested		7,360,149		2,090,847
Plus, Fair Value of Awards Granted this Year and that Vested this Year		—		—
Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year		1,179,444		294,627
Less, Prior Year Fair Value of Prior Year awards that failed to vest this year		—		—
Total Adjustments		17,433,146		5,574,728
“Compensation Actually Paid” for Fiscal Year 2021		45,011,805		13,880,647

Tabular List, Table

Pay versus Performance Tabular List

The table below lists our most important financial performance measures used to link “Compensation Actually Paid” for our CEO and NEOs to company performance, over the year ending December 31, 2023. These measures are used to determine the annual bonus and PSU payouts for each of the CEO and the other NEOs. Core Operating Profit Growth, Same Store Sales Growth and Net New Unit Growth are key metrics under our annual bonus plan, while Core Operating Profit Growth and System Sales Growth are the primary metrics under our annual PSU plan. For more information on our annual bonus and PSUs, see the Compensation Discussion and Analysis, beginning on page

of this Proxy Statement. The performance measures included in this table are not ranked by relative importance.

Most Important Financial Performance Measures

Core Operating Profit Growth

System Sales Growth

Net New Unit Growth

Same Store Sales Growth

Total Shareholder Return

Total Shareholder Return Amount

$ 140

134

143

110

Peer Group Total Shareholder Return Amount

149

104

166

133

Net Income (Loss)

$ 1,597,000,000

$ 1,325,000,000

$ 1,575,000,000

$ 904,000,000

Company Selected Measure Amount

0.12

0.05

0.18

(0.07)

PEO Name

David Gibbs

Measure:: 1

Pay vs Performance Disclosure

Name

Core Operating Profit Growth

Non-GAAP Measure Description

Core Operating Profit is a

non-GAAP

31-32

and

35-36

in Item 7 of YUM’s Form

10-K

for the fiscal year ended on December 31, 2023 for a discussion of Core Operating Profit in 2023. Core Operating Profit Growth shown above for 2020 excludes the impact of a 53rd week in 2019.

Measure:: 2

Pay vs Performance Disclosure

Name

System Sales Growth

Measure:: 3

Pay vs Performance Disclosure

Name

Net New Unit Growth

Measure:: 4

Pay vs Performance Disclosure

Name

Same Store Sales Growth