291

254

573

507

Franchise advertising and other services expense

32

29

68

61

388

396

783

757

(17)

(8)

(21)

(12)

Total costs and expenses, net

5

(4)

15

(10)

1,114

1,082

2,236

2,120

Investment (income) expense, net

573

554

1,096

1,063

^[1]

(29)

15

(5)

8

Other pension (income) expense

(1)

1

(3)

1

Interest expense, net

^[2]

125

148

255

266

Income Before Income Taxes

478

390

849

788

Income tax provision

60

166

131

165

Net Income

$ 418

$ 224

$ 718

$ 623

Basic Earnings Per Common Share

$ 1.49

$ 0.78

$ 2.55

$ 2.16

Diluted Earnings Per Common Share

1.46

0.77

2.51

2.13

Dividends Declared Per Common Share

$ 0.605

$ 0.57

$ 1.21

$ 1.14

Company Sales

Revenues

Franchise and property revenues

$ 511

$ 499

$ 985

$ 969

Revenues

Franchise contributions for advertising and other services

785

737

1,555

1,451

Revenues

Depreciation and amortization

$ 391

$ 400

$ 792

$ 763

[1]	Includes changes in the value of our investment in Devyani International Limited (see Note 12).
[2]	Includes a $23 million call premium and $5 million of unamortized debt issuance costs written off related to the redemption of the 2025 Notes (as discussed in our 2022 Form 10-K) during the quarter ended June 30, 2022

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net Income	$ 418	$ 224	$ 718	$ 623
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature
Adjustments and gains (losses) arising during the period	4	(21)	12	(44)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	60	0	60	0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax	64	(21)	72	(44)
Tax (expense) benefit	0	0	0	0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax	64	(21)	72	(44)
Changes in pension and post-retirement benefits
Unrealized gains (losses) arising during period, before Tax	0	0	0	0
Reclassification of (gains) losses into Net Income	1	4	1	9
Changes in pension and post-retirement benefits, before Tax	1	4	1	9
Pension and post-retirement benefit plans, tax	0	(1)	(2)	(2)
Pension and post-retirement benefit plans, net of tax	1	3	(1)	7
Changes in derivative instruments
Unrealized gains (losses) arising during the period	26	15	18	72
Reclassification of (gains) losses into Net Income	(8)	6	(11)	18
Changes in derivative instruments	18	21	7	90
Changes in derivatives, Tax	(5)	(5)	(2)	(22)
Changes in derivatives, net of tax	13	16	5	68
Other comprehensive income (loss), net of tax	78	(2)	76	31
Comprehensive Income (Loss)	$ 496	$ 222	$ 794	$ 654

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Cash Flows - Operating Activities

Net Income

$ 718

$ 623

67

71

Investment (income) expense, net

(21)

(12)

^[1]

(5)

8

Deferred income taxes

(73)

0

Share-based compensation expense

47

45

Changes in accounts and notes receivable

(21)

(4)

Changes in prepaid expenses and other current assets

(19)

(2)

Changes in accounts payable and other current liabilities

(107)

(213)

Changes in income taxes payable

19

(23)

Other, net

73

29

Net Cash Provided by Operating Activities

678

522

Cash Flows - Investing Activities

Capital spending

(122)

(97)

Proceeds from Divestiture of Businesses, Net of Cash Divested

121

0

Proceeds from refranchising of restaurants

31

41

Other, net

(4)

(8)

Net Cash Used in Investing Activities

26

(64)

Cash Flows - Financing Activities

Proceeds from long-term debt

0

999

Repayments of long-term debt

(40)

(658)

Revolving credit facilities, three months or less, net

(249)

0

Repurchase shares of Common Stock

(50)

(557)

Dividends paid on Common Stock

(339)

(327)

Debt Issuance Costs

0

(11)

Other, net

(20)

(32)

Net Cash Provided by (Used in) Financing Activities

(698)

(586)

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

6

(15)

Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

12

(143)

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Beginning of Period

647

771

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - End of Period

$ 659

$ 628

[1]	Includes changes in the value of our investment in Devyani International Limited (see Note 12).

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 437	$ 367
Accounts and notes receivable, net	656	648
Prepaid Expense and Other Assets, Current	422	594
Total Current Assets	1,515	1,609
Property, plant and equipment, net	1,162	1,171
Goodwill	641	638
Intangible assets, net	369	354
Other assets	1,340	1,324
Deferred Income Taxes	821	750
Total Assets	5,848	5,846
Current Liabilities
Accounts payable and other current liabilities	1,063	1,251
Income taxes payable	50	16
Short-term borrowings	374	398
Total Current Liabilities	1,487	1,665
Long-term debt	11,194	11,453
Other liabilities and deferred credits	1,603	1,604
Total Liabilities	14,284	14,722
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 285 shares issued in 2022 and 289 issued in 2021	13	0
Accumulated Deficit	(8,156)	(8,507)
Accumulated other comprehensive loss	(293)	(369)
Total Shareholders' Deficit	(8,436)	(8,876)
Total Liabilities and Shareholders' Deficit	$ 5,848	$ 5,846
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	750	750
Common Stock, Shares, Issued	280

CONDENSED STATEMENT OF SHAREHOLDERS EQUITY STATEMENT - USD ($) $ in Millions	Total	Issued Common Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss
Total Shareholders' Deficit	$ (8,373)	$ 0	$ (8,048)	$ (325)
Issued Common Stock, Shares		289,000,000
Net Income	623		623
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	(44)			(44)
Pension and post-retirement benefit plans, net of tax	7			7
Pension and post-retirement benefit plans, tax	2
Changes in derivatives, net of tax	68			68
Changes in derivatives, Tax	22
Comprehensive Income (Loss)	654
Dividends declared	(329)		(329)
Shares Repurchased		(4,635,000)
Repurchase of shares of Common Stock, value	(557)	$ (37)	(520)
Employee Stock Option and SARs Exercises, Shares		1,000,000
Employee Stock Option and SARs Exercises, Value	(21)	$ (21)
Share-based compensation events	58	58
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0
Total Shareholders' Deficit	(8,491)	$ 0	(8,199)	(292)
Issued Common Stock, Shares		286,000,000
Net Income	224		224
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	(21)			(21)
Pension and post-retirement benefit plans, net of tax	3			3
Pension and post-retirement benefit plans, tax	1
Changes in derivatives, net of tax	16			16
Changes in derivatives, Tax	5
Comprehensive Income (Loss)	222
Dividends declared	(164)		(164)
Shares Repurchased		(2,000,000)
Repurchase of shares of Common Stock, value	(150)	$ (15)	(135)
Employee Stock Option and SARs Exercises, Shares		1,000,000
Employee Stock Option and SARs Exercises, Value	(5)	$ (5)
Share-based compensation events	20	20
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0
Total Shareholders' Deficit	(8,568)	$ 0	(8,274)	(294)
Issued Common Stock, Shares		285,000,000
Total Shareholders' Deficit	(8,876)	$ 0	(8,507)	(369)
Issued Common Stock, Shares		280,000,000
Net Income	718		718
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	12			12
Pension and post-retirement benefit plans, net of tax	(1)			(1)
Pension and post-retirement benefit plans, tax	2
Changes in derivatives, net of tax	5			5
Changes in derivatives, Tax	2
Comprehensive Income (Loss)	794
Dividends declared	(341)		(341)
Shares Repurchased		(387,000)
Repurchase of shares of Common Stock, value	(50)	$ (24)	(26)
Employee Stock Option and SARs Exercises, Shares		0
Employee Stock Option and SARs Exercises, Value	(20)	$ (20)
Share-based compensation events	57	57
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	60
Total Shareholders' Deficit	(8,774)	$ 0	(8,403)	(371)
Issued Common Stock, Shares		280,000,000
Net Income	418		418
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	4			4
Pension and post-retirement benefit plans, net of tax	1			1
Pension and post-retirement benefit plans, tax	0
Changes in derivatives, net of tax	13			13
Changes in derivatives, Tax	5
Comprehensive Income (Loss)	496
Dividends declared	(171)		(171)
Repurchase of shares of Common Stock, value	0
Employee Stock Option and SARs Exercises, Shares		0
Employee Stock Option and SARs Exercises, Value	(10)	$ (10)
Share-based compensation events	23	23
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	60
Total Shareholders' Deficit	$ (8,436)	$ 13	$ (8,156)	$ (293)
Issued Common Stock, Shares		280,000,000

Financial Statement Presentation	6 Months Ended
Financial Statement Presentation	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statement Presentation	Financial Statement Presentation We have prepared our accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by Generally Accepted Accounting Principles in the United States (“GAAP”) for complete financial statements. Therefore, we suggest that the accompanying Financial Statements be read in conjunction with the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (“2022 Form 10-K”). Yum! Brands, Inc. and its Subsidiaries (collectively referred to herein as the “Company,” “YUM,” “we,” “us” or “our”) franchise or operate a system of over 56,000 restaurants in more than 155 countries and territories. As of June 30, 2023, 98% of these restaurants were owned and operated by franchisees. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style and pizza categories, respectively. The Habit Burger Grill is a fast-casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. As of June 30, 2023, YUM consisted of four operating segments: •The KFC Division which includes our worldwide operations of the KFC concept •The Taco Bell Division which includes our worldwide operations of the Taco Bell concept •The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept •The Habit Burger Grill Division which includes our worldwide operations of the Habit Burger Grill concept YUM's fiscal year begins on January 1 and ends December 31 of each year, with each quarter comprised of three months. The majority of our U.S. subsidiaries and certain international subsidiaries operate on a weekly periodic calendar where the first three quarters of each fiscal year consist of 12 weeks and the fourth quarter consists of 16 weeks in fiscal years with 52 weeks and 17 weeks in fiscal years with 53 weeks. Our remaining international subsidiaries operate on a monthly calendar similar to that on which YUM operates. Our preparation of the accompanying Financial Statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The accompanying Financial Statements include all normal and recurring adjustments considered necessary to present fairly, when read in conjunction with our 2022 Form 10-K, the results of the interim periods presented. Our results of operations, comprehensive income, cash flows and changes in shareholders' deficit for these interim periods are not necessarily indicative of the results to be expected for the full year. Our significant interim accounting policies include the recognition of advertising and marketing costs, generally in proportion to revenue, and the recognition of income taxes using an estimated annual effective tax rate. We have reclassified certain items in the Financial Statements for the prior periods to be comparable with the classification for the quarter and year to date ended June 30, 2023. These reclassifications had no effect on previously reported Net Income. Russia Invasion of Ukraine In the first quarter of 2022, as a result of the Russian invasion of Ukraine, we suspended all investment and restaurant development in Russia. We also suspended all operations of our 70 company-owned KFC restaurants in Russia and began finalizing an agreement to suspend all Pizza Hut operations in Russia, in partnership with our master franchisee. Further, we pledged to redirect any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts. During the second quarter of 2022, we completed the transfer of ownership of the Pizza Hut Russia business to a local operator. In April 2023, we completed our exit from the Russian market by selling the KFC business in Russia to Smart Service Ltd., including all Russian company owned KFC restaurants, operating system, and master franchise rights as well as the trademark for the Rostik’s brand. Under the sale and purchase agreement, the buyer has agreed to lead the process to rebrand KFC restaurants in Russia to Rostik's and to retain the Company's employees in Russia. We recorded a loss in the quarter of $4 million to Other income (expense) as the write-off of our net investment in KFC Russia, including the related cumulative foreign currency translation losses of $60 million, exceeded the consideration received from the sale which primarily included cash proceeds of $121 million.Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC and Pizza Hut prior to the dates of sale or transfer, within their historical financial statement line items and operating segments.

Earnings Per Common Share ("EPS")

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

Earnings Per Common Share (“EPS”)


	Quarter ended				Year to date
	2023		2022		2023		2022
Net Income	$	418	$	224	$	718	$	623

Weighted-average common shares outstanding (for basic calculation)	281		286		281		288
Effect of dilutive share-based employee compensation	5		4		5		4
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	286		290		286		292

Basic EPS	$	1.49	$	0.78	$	2.55	$	2.16

Diluted EPS	$	1.46	$	0.77	$	2.51	$	2.13
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation(a)	1.7		2.4		1.6		1.8

(a)These unexercised employee stock options and stock appreciation rights were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

Shareholders' Deficit

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders' Deficit

Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the years ended June 30, 2023 and 2022 as indicated below. All amounts exclude applicable transaction fees.


	Shares Repurchased (thousands)		Dollar Value of Shares Repurchased				Remaining Dollar Value of Shares that may be Repurchased
Authorization Date	2023	2022	2023		2022		2023
May 2021	—	4,635	—		557		—
September 2022	387	—	50		—		1,700
Total	387	4,635	$	50	$	557	$	1,700

In September 2022, our Board of Directors authorized share repurchases of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock through June 30, 2024. As of June 30, 2023, we have remaining capacity to repurchase up to $1.7 billion of Common Stock under the September 2022 authorization.

Changes in Accumulated other comprehensive loss (“AOCI”) are presented below.


	Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature		Pension and Post-Retirement Benefits		Derivative Instruments		Total
Balance at March 31, 2023, net of tax	$	(282)	$	(96)	$	7	$	(371)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	4		—		19		23

(Gains) losses reclassified from AOCI, net of tax	60		1		(6)		55
	64		1		13		78
Balance at June 30, 2023, net of tax	$	(218)	$	(95)	$	20	$	(293)

Balance at December 31, 2022, net of tax	$	(290)	$	(94)	$	15	$	(369)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	12		(2)		13		23

(Gains) losses reclassified from AOCI, net of tax	60		1		(8)		53
	72		(1)		5		76
Balance at June 30, 2023, net of tax	$	(218)	$	(95)	$	20	$	(293)

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Other Income and Expenses [Abstract]

Other (Income) Expense

6 Months Ended

Jun. 30, 2023

Other (Income) Expense


	Quarter ended				Year to date
	6/30/2023		6/30/2022		6/30/2023		6/30/2022
Foreign exchange net (gain) loss	$	1	$	(8)	$	4	$	(12)
Impairment and closure expense	—		(1)		1		(1)
Other	4		5		10		3
Other (income) expense	$	5	$	(4)	$	15	$	(10)

Supplemental Balance Sheet Information

6 Months Ended

Jun. 30, 2023

Supplemental Balance Sheet Information Disclosure [Abstract]

Supplemental Balance Sheet Information

Accounts and Notes Receivable, net

The Company’s receivables are primarily generated from ongoing business relationships with our franchisees as a result of franchise and lease agreements. Trade receivables consisting of royalties from franchisees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable, net in our Condensed Consolidated Balance Sheets. Accounts and notes receivable, net also includes receivables generated from advertising cooperatives that we consolidate.


	6/30/2023		12/31/2022
Accounts and notes receivable, gross	$	702	$	685
Allowance for doubtful accounts	(46)		(37)
Accounts and notes receivable, net	$	656	$	648

Property, Plant and Equipment, net


	6/30/2023		12/31/2022
Property, plant and equipment, gross	$	2,466	$	2,454
Accumulated depreciation and amortization	(1,304)		(1,283)
Property, plant and equipment, net	$	1,162	$	1,171

Assets held-for-sale totaled $6 million and $190 million as of June 30, 2023 and December 31, 2022, respectively, and are included in Prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets. Liabilities held-for-sale totaled $2 million and $65 million as of June 30, 2023 and December 31, 2022, respectively, and are included in Accounts payable and other current liabilities in our Condensed Consolidated Balance Sheets. Assets and liabilities held-for-sale as of December 31, 2022, primarily included the assets and liabilities of our KFC Russia business.


Other Assets	6/30/2023		12/31/2022
Operating lease right-of-use assets(a)	$	753	$	742

Franchise incentives	185		172
Investment in Devyani International Limited (See Note 12)	122		116
Other	280		294
Other assets	$	1,340	$	1,324

(a) Non-current operating lease liabilities of $744 million and $731 million as of June 30, 2023 and December 31, 2022, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.

Reconciliation of Cash and Cash Equivalents for Condensed Consolidated Statements of Cash Flows


	6/30/2023		12/31/2022
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	437	$	367
Restricted cash included in Prepaid expenses and other current assets(a)	188		220
Restricted cash and restricted cash equivalents included in Other assets(b)	34		35
Cash and restricted cash related to KFC Russia included in assets held-for-sale	—		25
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	659	$	647

(a) Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments.

(b) Primarily trust accounts related to our self-insurance program.

Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes


	Quarter ended						Year to date
	2023			2022			2023			2022
Income tax (benefit) provision	$	60		$	166		$	131		$	165
Effective tax rate	12.6		%	42.6		%	15.4		%	21.0		%

Our second quarter effective tax rate was lower than the prior year primarily due to the following:

•$71 million of net tax expense recorded in the quarter ended June 30, 2022, resulting from the Company’s decision to exit KFC Russia. We remeasured and reassessed the need for a valuation allowance on deferred tax assets in Switzerland due to the then expected reduction in the tax basis of intellectual property rights associated with the loss of the Russian royalty income. In addition, we reassessed certain deferred tax liabilities associated with the Russia business given the expectation that the existing basis difference was going to reverse by way of sale.

•$18 million tax benefit recorded in the quarter ended June 30, 2023, associated with the reversal of a reserve established in prior years due to the favorable resolution of a tax audit in a foreign jurisdiction.

•$10 million tax benefit recorded in the quarter ended June 30, 2023, associated with establishing additional net operating loss carryforward deferred tax assets in a foreign jurisdiction.

Our year to date effective tax rate was lower than the prior year primarily due to the items discussed above, partially offset by:

•$82 million of tax benefit discretely recorded in the quarter ended March 31, 2022, from the release of a valuation allowance on foreign tax credit carryforwards. In January 2022, the U.S. Treasury published new regulations impacting foreign tax credit utilization beginning in the Company’s 2022 tax year. These regulations made foreign taxes paid to certain countries no longer creditable in the U.S., which was expected to result in additional foreign tax credit carryforward utilization prospectively. As a result, we reversed a valuation allowance associated with existing foreign tax credit carryforwards. The U.S. Treasury published clarifying guidance in November 2022 which resulted in foreign taxes originally determined to be non-creditable under the January 2022 regulations to now be treated as creditable taxes. As such, the valuation allowance on foreign tax credit carryforwards that was released in the quarter ended March 31, 2022, was re-established in the quarter ended December 31, 2022.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

Revenue Recognition and Deferred Revenue [Abstract]

Revenue Recognition Accounting Policy

6 Months Ended

Jun. 30, 2023

Revenue Recognition

Disaggregation of Total Revenues

The following tables disaggregate revenue by Concept, for our two most significant markets based on Operating Profit and for all other markets. We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors.


	Quarter ended 6/30/2023
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	17	$	253	$	4	$	139	$	413
Franchise revenues		49		194		66		2		311
Property revenues		3		10		1		—		14
Franchise contributions for advertising and other services		8		148		74		1		231

China
Franchise revenues		61		—		16		—		77

Other
Company sales		98		—		—		—		98
Franchise revenues		290		14		65		—		369
Property revenues		13		—		1		—		14
Franchise contributions for advertising and other services		143		2		15		—		160
		$	682	$	621	$	242	$	142	$	1,687


	Quarter ended 6/30/2022
	KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales	$	16	$	243	$	5	$	136	$	400
Franchise revenues	47		178		64		2		291
Property revenues	3		10		1		—		14
Franchise contributions for advertising and other services	7		142		72		—		221

China
Franchise revenues	48		—		13		—		61

Other
Company sales	99		—		—		—		99
Franchise revenues	283		11		63		—		357
Property revenues	13		—		1		—		14
Franchise contributions for advertising and other services	161		2		16		—		179
	$	677	$	586	$	235	$	138	$	1,636


	Year to date 6/30/2023
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	33	$	482	$	9	$	269	$	793
Franchise revenues		95		372		136		3		606
Property revenues		6		20		2		1		29
Franchise contributions for advertising and other services		16		288		152		1		457

China
Franchise revenues		127		—		34		—		161

Other
Company sales		192		—		—		—		192
Franchise revenues		574		27		131		—		732
Property revenues		26		—		1		—		27
Franchise contributions for advertising and other services		300		4		31		—		335
		$	1,369	$	1,193	$	496	$	274	$	3,332


	Year to date 6/30/2022
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	31	$	457	$	10	$	261	$	759
Franchise revenues		92		335		128		3		558
Property revenues		6		21		2		—		29
Franchise contributions for advertising and other services		13		265		144		—		422

China
Franchise revenues		109		—		29		—		138

Other
Company sales		210		—		—		—		210
Franchise revenues		543		22		133		—		698
Property revenues		27		—		1		—		28
Franchise contributions for advertising and other services		306		3		32		—		341
		$	1,337	$	1,103	$	479	$	264	$	3,183

Contract Liabilities

Our contract liabilities are comprised of unamortized upfront fees received from franchisees and are presented within Accounts payable and other current liabilities and Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets. A summary of significant changes to the contract liability balance during 2023 is presented below.


	Deferred Franchise Fees
Balance at December 31, 2022	$	434
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(43)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	37
Other(a)	(9)
Balance at June 30, 2023	$	419

(a) Includes impact of foreign currency translation as well as the recognition of deferred franchise fees into Refranchising (gain) loss upon the termination of existing franchise agreements when entering into master franchise agreements.

We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:


Less than 1 year	$	69
1 - 2 years	63
2 - 3 years	57
3 - 4 years	50
4 - 5 years	43
Thereafter	137
Total	$	419

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

Reportable Operating Segments

Reportable Operating Segments

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Reportable Operating SegmentsWe identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments:


	Quarter ended				Year to date
Revenues	2023		2022		2023		2022
KFC Division	$	682	$	677	$	1,369	$	1,337
Taco Bell Division	621		586		1,193		1,103
Pizza Hut Division	242		235		496		479
Habit Burger Grill Division	142		138		274		264
	$	1,687	$	1,636	$	3,332	$	3,183


	Quarter ended				Year to date
Operating Profit	2023		2022		2023		2022
KFC Division	$	326	$	293	$	631	$	584
Taco Bell Division	228		215		432		400
Pizza Hut Division	91		93		195		195
Habit Burger Grill Division	3		(2)		(2)		(10)
Corporate and unallocated G&A expenses(a)	(86)		(65)		(170)		(136)

Unallocated Franchise and property expenses(a)	(1)		(4)		(2)		(4)
Unallocated Refranchising gain (loss)	17		8		21		12
Unallocated Other income (expense)(a)	(5)		16		(9)		22
Operating Profit	$	573	$	554	$	1,096	$	1,063
Investment income (expense), net(b)	29		(15)		5		(8)
Other pension income (expense)	1		(1)		3		(1)
Interest expense, net(c)	(125)		(148)		(255)		(266)
Income before income taxes	$	478	$	390	$	849	$	788

Our chief operating decision maker (“CODM”) does not consider the impact of Corporate and unallocated amounts when assessing Divisional segment performance. As such, we do not allocate such amounts to our Divisional segments for performance reporting purposes.

(a)Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC and Pizza Hut prior to the dates of sale or transfer (see Note 1), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses subsequent to that date from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the year to date ended June 30, 2023, and net operating profit of $9 million and $11 million from Divisional Other income (expense) to Unallocated Other income (expense) during the quarter and year to date ended June 30, 2022, respectively. Additionally, we recorded a $4 million loss to Unallocated Other income (expense) during the quarter and year to date ended June 30, 2023 from the sale of our KFC Russia business.

Also, included in Unallocated Other income (expense) were $1 million in foreign exchange losses attributable to fluctuations in the value of the Russian Ruble during the quarter and year to date ended June 30, 2023, and foreign exchange gains of $11 million and $16 million during the quarter and year to date ended June 30, 2022, respectively. Additionally, we recorded charges of $3 million and $4 million to Corporate and unallocated G&A expenses and $1 million and $2 million to Unallocated Franchise and property expenses during the quarter and year to date ended June 30, 2023, respectively, for certain expenses related to the disposition of the businesses and other costs related to our exit from Russia. We recorded similar charges of $2 million and $4 million to Corporate and Unallocated G&A expenses and Unallocated Franchise and property expenses, respectively, during the quarter and year to date ended June 30, 2022.

(b)Includes changes in the value of our investment in Devyani International Limited (see Note 12).

(c)Includes a $23 million call premium and $5 million of unamortized debt issuance costs written off related to the redemption of the 2025 Notes (as discussed in our 2022 Form 10-K) during the quarter ended June 30, 2022.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Pension Benefits

6 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Pension Benefits

We sponsor qualified and supplemental (non-qualified) noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees. The most significant of these plans, the YUM Retirement Plan (the “Plan”), is funded. We fund our other U.S. plans as benefits are paid. Our two significant U.S. plans, including the Plan and a supplemental plan, were previously amended such that any salaried employee hired or rehired by YUM after September 30, 2001, is not eligible to participate in those plans. Additionally, these two plans in the U.S. are currently closed to new hourly participants.

The components of net periodic benefit cost associated with our U.S. pension plans are as follows:


	Quarter ended				Year to date
	2023		2022		2023		2022
Service cost	$	1	$	1	$	2	$	3
Interest cost	11		8		21		16
Expected return on plan assets	(13)		(11)		(25)		(23)
Amortization of net (gain) / loss	(1)		2		(1)		5
Amortization of prior service cost	1		2		1		3
Net periodic benefit cost	$	(1)	$	2	$	(2)	$	4

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

Short-term Borrowings and Long-term Debt

Short-term Borrowings and Long-term Debt

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]


Short-term Borrowings	6/30/2023		12/31/2022
Current maturities of long-term debt	$	381	$	405
Less current portion of debt issuance costs and discounts	(7)		(7)
Short-term borrowings	$	374	$	398

Long-term Debt
Securitization Notes	$	3,753	$	3,772
Subsidiary Senior Unsecured Notes	750		750
Revolving Facility	30		279
Term Loan A Facility	727		736
Term Loan B Facility	1,466		1,474
YUM Senior Unsecured Notes	4,875		4,875
Finance lease obligations	52		57
	$	11,653	$	11,943
Less long-term portion of debt issuance costs and discounts	(78)		(85)
Less current maturities of long-term debt	(381)		(405)
Long-term debt	$	11,194	$	11,453

Details of our Short-term borrowings and Long-term debt as of December 31, 2022 can be found within our 2022 Form 10-K.

Cash paid for interest during the year to date ended June 30, 2023, was $293 million. Excluding the $28 million associated with the extinguishment of the 2025 Notes (as discussed in our 2022 Form 10-K), cash paid for interest during the year to date ended June 30, 2022 was $239 million.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

6 Months Ended

Jun. 30, 2023

Derivative Instruments

Derivative InstrumentsWe use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates. Our use of foreign currency contracts to manage foreign currency exchange rates associated with certain foreign currency denominated intercompany receivables and payables is currently not significant.

Interest Rate Swaps

We have entered into interest rate swaps, with the objective of reducing our exposure to interest rate risk for a portion of our variable-rate debt interest payments primarily under our Term Loan B Facility. At both June 30, 2023 and December 31, 2022, we had interest rate swaps expiring in March 2025 with notional amounts of $1.5 billion. These interest rate swaps have been designated cash flow hedges as the changes in the future cash flows of the swaps are expected to offset changes in expected future interest payments on the related variable-rate debt. There were no other interest rate swaps outstanding as of June 30, 2023 or December 31, 2022.

Gains or losses on the interest rate swaps are reported as a component of AOCI and reclassified into Interest expense, net in our Condensed Consolidated Statements of Income in the same period or periods during which the related hedged interest payments affect earnings. Through June 30, 2023, the swaps were highly effective cash flow hedges.

Gains and losses on these interest rate swaps recognized in OCI and reclassifications from AOCI into Net Income were as follows:


	Quarter ended								Year to date
	Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income				Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income
	2023		2022		2023		2022		2023		2022		2023		2022

Interest rate swaps	$	24	$	12	$	(7)	$	9	$	17	$	71	$	(12)	$	20

Income tax benefit/(expense)	(7)		(3)		2		(2)		(5)		(17)		3		(5)

As of June 30, 2023, the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the next 12 months is $33 million, based on current SOFR interest rates.

Total Return Swaps

We have entered into total return swap derivative contracts, with the objective of reducing our exposure to market-driven changes in certain of the liabilities associated with compensation deferrals into our Executive Income Deferral (“EID”) plan. While these total return swaps represent economic hedges, we have not designated them as hedges for accounting purposes. As a result, the changes in the fair value of these derivatives are recognized immediately in earnings within General and administrative expenses in our Condensed Consolidated Statements of Income largely offsetting the changes in the associated EID liabilities. The fair value associated with the total return swaps as of both June 30, 2023 and December 31, 2022, was not significant.

As a result of the use of derivative instruments, the Company is exposed to risk that the counterparties will fail to meet their contractual obligations. To mitigate the counterparty credit risk, we only enter into contracts with major financial institutions carefully selected based upon their credit ratings and other factors, and continually assess the creditworthiness of counterparties. At June 30, 2023, all of the counterparties to our derivative instruments had investment grade ratings according to the three major ratings agencies. To date, all counterparties have performed in accordance with their contractual obligations.

See Note 12 for the fair value of our derivative assets and liabilities.

Fair Value Disclosures

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value DisclosuresAs of June 30, 2023, the carrying values of cash and cash equivalents, restricted cash, short-term investments, accounts receivable, short-term borrowings and accounts payable and borrowings under our Revolving Facility approximated their fair values because of the short-term nature of these instruments. The fair value of our notes receivable, net of allowances, and lease guarantees, less reserves for expected losses, approximates their carrying value. The following table presents the carrying value and estimated fair value of the Company’s debt obligations:


	6/30/2023				12/31/2022
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes(a)	$	3,753	$	3,296	$	3,772	$	3,273
Subsidiary Senior Unsecured Notes(b)	750		729		750		731
Term Loan A Facility(b)	727		723		736		729
Term Loan B Facility(b)	1,466		1,458		1,474		1,459
YUM Senior Unsecured Notes(b)	4,875		4,605		4,875		4,473

(a) We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.

(b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility and Term Loan B Facility using market quotes and calculations based on market rates.

Recurring Fair Value Measurements

The Company has interest rate swaps and other investments, all of which are required to be measured at fair value on a recurring basis (see Note 11 for discussion regarding derivative instruments). The following table presents fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall.


			Fair Value
	Condensed Consolidated Balance Sheet	Level	6/30/2023		12/31/2022
Assets
Investments	Other assets	1	$	124	$	118

Investments	Other assets	3	5		5
Interest Rate Swaps	Prepaid expenses and other current assets	2	33		26
Interest Rate Swaps	Other assets	2	14		16

The fair value of the Company’s interest rate swaps were determined based on the present value of expected future cash flows considering the risks involved, including nonperformance risk, and using discount rates appropriate for the duration based on observable inputs.

Investments primarily include our approximate 5% minority interest in Devyani International Limited (“Devyani”), a franchise entity that operates KFC and Pizza Hut restaurants in India, with a fair value of $122 million and $116 million at June 30, 2023 and December 31, 2022, respectively. For the quarter and year to date ended June 30, 2023, we recognized pre-tax investment gains of $28 million and $5 million, respectively, related to changes in fair value of our investment in Devyani.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Guarantees	6 Months Ended
Guarantees	Jun. 30, 2023
Guarantees and Product Warranties [Abstract]
Guarantees, Commitments and Contingencies	Contingencies Internal Revenue Service Proposed Adjustment As a result of an audit by the Internal Revenue Service (“IRS”) for fiscal years 2013 through 2015, in August 2022, we received a Revenue Agent’s Report (“RAR”) from the IRS asserting an underpayment of tax of $2.1 billion plus $418 million in penalties for the 2014 fiscal year. Additionally, interest on the underpayment is estimated to be approximately $880 million through the second quarter of 2023. The proposed underpayment relates primarily to a series of reorganizations we undertook during that year in connection with the business realignment of our corporate and management reporting structure along brand lines. The IRS asserts that these transactions resulted in taxable distributions of approximately $6.0 billion. We disagree with the IRS’s position as asserted in the RAR and intend to contest that position vigorously. In September 2022, we filed a Protest with the IRS Examination Division disputing on multiple grounds the proposed underpayment of tax and penalties. We have received the IRS Examination Division’s Rebuttal to our Protest and the case has been accepted by the IRS Office of Appeals. The Company does not expect resolution of this matter within twelve months and cannot predict with certainty the timing of such resolution. The Company believes that it is more likely than not the Company’s tax position will be sustained; therefore, no reserve is recorded with respect to this matter. An unfavorable resolution of this matter could have a material, adverse impact on our Condensed Consolidated Financial Statements in future periods. Lease Guarantees As a result of having assigned our interest in obligations under real estate leases as a condition to the refranchising of certain Company-owned restaurants, and guaranteeing certain other leases, we are frequently secondarily liable on lease agreements. These leases have varying terms, the latest of which expires in 2065. As of June 30, 2023, the potential amount of undiscounted payments we could be required to make in the event of non-payment by the primary lessee was approximately $400 million. The present value of these potential payments discounted at our pre-tax cost of debt at June 30, 2023, was approximately $325 million. Our franchisees are the primary lessees under the vast majority of these leases. We generally have cross-default provisions with these franchisees that would put them in default of their franchise agreement in the event of non-payment under the lease. We believe these cross-default provisions significantly reduce the risk that we will be required to make payments under these leases, although such risk may not be reduced in the context of a bankruptcy or other similar restructuring of a large franchisee or group of franchisees. The liability recorded for our expected losses under such leases as of June 30, 2023, was not material. Legal Proceedings We are subject to various claims and contingencies related to lawsuits, real estate, environmental and other matters arising in the normal course of business. An accrual is recorded with respect to claims or contingencies for which a loss is determined to be probable and reasonably estimable. India Regulatory Matter Yum! Restaurants India Private Limited (“YRIPL”), a YUM subsidiary that operates KFC and Pizza Hut restaurants in India, is the subject of a regulatory enforcement action in India (the “Action”). The Action alleges, among other things, that KFC International Holdings, Inc. and Pizza Hut International failed to satisfy certain conditions imposed by the Secretariat for Industrial Approval in 1993 and 1994 when those companies were granted permission for foreign investment and operation in India. The conditions at issue include an alleged minimum investment commitment and store build requirements as well as limitations on the remittance of fees outside of India. The Action originated with a complaint and show cause notice filed in 2009 against YRIPL by the Deputy Director of the Directorate of Enforcement (“DOE”) of the Indian Ministry of Finance following an income tax audit for the years 2002 and 2003. The matter was argued at various hearings in 2015, but no order was issued. Following a change in the incumbent official holding the position of Special Director of DOE (the “Special Director”), the matter resumed in 2018 and several additional hearings were conducted. On January 29, 2020, the Special Director issued an order imposing a penalty on YRIPL and certain former directors of approximately Indian Rupee 11 billion, or approximately $135 million. Of this amount, $130 million relates to the alleged failure to invest a total of $80 million in India within an initial seven-year period. We have been advised by external counsel that the order is flawed and have filed a writ petition with the Delhi High Court, which granted an interim stay of the penalty order on March 5, 2020. In November 2022, YRIPL was notified that an administrative tribunal bench had been constituted to hear an appeal by DOE of certain findings of the January 2020 order, including claims that certain charges had been wrongly dropped and that an insufficient amount of penalty had been imposed. A hearing with the administrative tribunal that had been scheduled for August has been rescheduled to December 4, 2023. The stay order remains in effect and the next hearing in the Delhi High Court that had been scheduled for May has been rescheduled to October 5, 2023. We deny liability and intend to continue vigorously defending this matter. We do not consider the risk of any significant loss arising from this order to be probable. Other Matters We are currently engaged in various other legal proceedings and have certain unresolved claims pending, the ultimate liability for which, if any, cannot be determined at this time. However, based upon consultation with legal counsel, we are of the opinion that such proceedings and claims are not expected to have a material adverse effect, individually or in the aggregate, on our Condensed Consolidated Financial Statements.

Earnings Per Common Share ("EPS") Earnings Per Common Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]


	Quarter ended				Year to date
	2023		2022		2023		2022
Net Income	$	418	$	224	$	718	$	623

Weighted-average common shares outstanding (for basic calculation)	281		286		281		288
Effect of dilutive share-based employee compensation	5		4		5		4
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	286		290		286		292

Basic EPS	$	1.49	$	0.78	$	2.55	$	2.16

Diluted EPS	$	1.46	$	0.77	$	2.51	$	2.13
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation(a)	1.7		2.4		1.6		1.8

(a)These unexercised employee stock options and stock appreciation rights were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

Shareholders' Deficit (Tables)

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

Accelerated Share Repurchases


	Shares Repurchased (thousands)		Dollar Value of Shares Repurchased				Remaining Dollar Value of Shares that may be Repurchased
Authorization Date	2023	2022	2023		2022		2023
May 2021	—	4,635	—		557		—
September 2022	387	—	50		—		1,700
Total	387	4,635	$	50	$	557	$	1,700

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated other comprehensive loss (“AOCI”) are presented below.


	Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature		Pension and Post-Retirement Benefits		Derivative Instruments		Total
Balance at March 31, 2023, net of tax	$	(282)	$	(96)	$	7	$	(371)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	4		—		19		23

(Gains) losses reclassified from AOCI, net of tax	60		1		(6)		55
	64		1		13		78
Balance at June 30, 2023, net of tax	$	(218)	$	(95)	$	20	$	(293)

Balance at December 31, 2022, net of tax	$	(290)	$	(94)	$	15	$	(369)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	12		(2)		13		23

(Gains) losses reclassified from AOCI, net of tax	60		1		(8)		53
	72		(1)		5		76
Balance at June 30, 2023, net of tax	$	(218)	$	(95)	$	20	$	(293)

Other Income and Expenses (Tables)

6 Months Ended

Jun. 30, 2023

Other Income and Expenses [Abstract]

Schedule of Other Operating Cost and Expense, by Component


	Quarter ended				Year to date
	6/30/2023		6/30/2022		6/30/2023		6/30/2022
Foreign exchange net (gain) loss	$	1	$	(8)	$	4	$	(12)
Impairment and closure expense	—		(1)		1		(1)
Other	4		5		10		3
Other (income) expense	$	5	$	(4)	$	15	$	(10)

Supplemental Balance Sheet Information (Tables)

6 Months Ended

Jun. 30, 2023

Supplemental Balance Sheet Information Disclosure [Abstract]

Accounts and Notes Receivable


	6/30/2023		12/31/2022
Accounts and notes receivable, gross	$	702	$	685
Allowance for doubtful accounts	(46)		(37)
Accounts and notes receivable, net	$	656	$	648

Property, Plant and Equipment


	6/30/2023		12/31/2022
Property, plant and equipment, gross	$	2,466	$	2,454
Accumulated depreciation and amortization	(1,304)		(1,283)
Property, plant and equipment, net	$	1,162	$	1,171

Schedule of Other Assets


Other Assets	6/30/2023		12/31/2022
Operating lease right-of-use assets(a)	$	753	$	742

Franchise incentives	185		172
Investment in Devyani International Limited (See Note 12)	122		116
Other	280		294
Other assets	$	1,340	$	1,324

(a) Non-current operating lease liabilities of $744 million and $731 million as of June 30, 2023 and December 31, 2022, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.

Schedule of Cash and Cash Equivalents [Table Text Block]


	6/30/2023		12/31/2022
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	437	$	367
Restricted cash included in Prepaid expenses and other current assets(a)	188		220
Restricted cash and restricted cash equivalents included in Other assets(b)	34		35
Cash and restricted cash related to KFC Russia included in assets held-for-sale	—		25
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	659	$	647

(a) Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments.

(b) Primarily trust accounts related to our self-insurance program.

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Tax And Effective Tax Rate


	Quarter ended						Year to date
	2023			2022			2023			2022
Income tax (benefit) provision	$	60		$	166		$	131		$	165
Effective tax rate	12.6		%	42.6		%	15.4		%	21.0		%

Revenue Recognition Accounting Policy (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Revenue Recognition and Deferred Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]


	Quarter ended 6/30/2023
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	17	$	253	$	4	$	139	$	413
Franchise revenues		49		194		66		2		311
Property revenues		3		10		1		—		14
Franchise contributions for advertising and other services		8		148		74		1		231

China
Franchise revenues		61		—		16		—		77

Other
Company sales		98		—		—		—		98
Franchise revenues		290		14		65		—		369
Property revenues		13		—		1		—		14
Franchise contributions for advertising and other services		143		2		15		—		160
		$	682	$	621	$	242	$	142	$	1,687


	Quarter ended 6/30/2022
	KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales	$	16	$	243	$	5	$	136	$	400
Franchise revenues	47		178		64		2		291
Property revenues	3		10		1		—		14
Franchise contributions for advertising and other services	7		142		72		—		221

China
Franchise revenues	48		—		13		—		61

Other
Company sales	99		—		—		—		99
Franchise revenues	283		11		63		—		357
Property revenues	13		—		1		—		14
Franchise contributions for advertising and other services	161		2		16		—		179
	$	677	$	586	$	235	$	138	$	1,636


	Year to date 6/30/2023
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	33	$	482	$	9	$	269	$	793
Franchise revenues		95		372		136		3		606
Property revenues		6		20		2		1		29
Franchise contributions for advertising and other services		16		288		152		1		457

China
Franchise revenues		127		—		34		—		161

Other
Company sales		192		—		—		—		192
Franchise revenues		574		27		131		—		732
Property revenues		26		—		1		—		27
Franchise contributions for advertising and other services		300		4		31		—		335
		$	1,369	$	1,193	$	496	$	274	$	3,332


	Year to date 6/30/2022
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	31	$	457	$	10	$	261	$	759
Franchise revenues		92		335		128		3		558
Property revenues		6		21		2		—		29
Franchise contributions for advertising and other services		13		265		144		—		422

China
Franchise revenues		109		—		29		—		138

Other
Company sales		210		—		—		—		210
Franchise revenues		543		22		133		—		698
Property revenues		27		—		1		—		28
Franchise contributions for advertising and other services		306		3		32		—		341
		$	1,337	$	1,103	$	479	$	264	$	3,183

Deferred Franchise Fees [Table Text Block]


	Deferred Franchise Fees
Balance at December 31, 2022	$	434
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(43)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	37
Other(a)	(9)
Balance at June 30, 2023	$	419

(a) Includes impact of foreign currency translation as well as the recognition of deferred franchise fees into Refranchising (gain) loss upon the termination of existing franchise agreements when entering into master franchise agreements.

We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:


Less than 1 year	$	69
1 - 2 years	63
2 - 3 years	57
3 - 4 years	50
4 - 5 years	43
Thereafter	137
Total	$	419

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:


Less than 1 year	$	69
1 - 2 years	63
2 - 3 years	57
3 - 4 years	50
4 - 5 years	43
Thereafter	137
Total	$	419

Reportable Operating Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Reportable Operating SegmentsWe identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments:


	Quarter ended				Year to date
Revenues	2023		2022		2023		2022
KFC Division	$	682	$	677	$	1,369	$	1,337
Taco Bell Division	621		586		1,193		1,103
Pizza Hut Division	242		235		496		479
Habit Burger Grill Division	142		138		274		264
	$	1,687	$	1,636	$	3,332	$	3,183


	Quarter ended				Year to date
Operating Profit	2023		2022		2023		2022
KFC Division	$	326	$	293	$	631	$	584
Taco Bell Division	228		215		432		400
Pizza Hut Division	91		93		195		195
Habit Burger Grill Division	3		(2)		(2)		(10)
Corporate and unallocated G&A expenses(a)	(86)		(65)		(170)		(136)

Unallocated Franchise and property expenses(a)	(1)		(4)		(2)		(4)
Unallocated Refranchising gain (loss)	17		8		21		12
Unallocated Other income (expense)(a)	(5)		16		(9)		22
Operating Profit	$	573	$	554	$	1,096	$	1,063
Investment income (expense), net(b)	29		(15)		5		(8)
Other pension income (expense)	1		(1)		3		(1)
Interest expense, net(c)	(125)		(148)		(255)		(266)
Income before income taxes	$	478	$	390	$	849	$	788

Our chief operating decision maker (“CODM”) does not consider the impact of Corporate and unallocated amounts when assessing Divisional segment performance. As such, we do not allocate such amounts to our Divisional segments for performance reporting purposes.

(a)Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC and Pizza Hut prior to the dates of sale or transfer (see Note 1), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses subsequent to that date from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the year to date ended June 30, 2023, and net operating profit of $9 million and $11 million from Divisional Other income (expense) to Unallocated Other income (expense) during the quarter and year to date ended June 30, 2022, respectively. Additionally, we recorded a $4 million loss to Unallocated Other income (expense) during the quarter and year to date ended June 30, 2023 from the sale of our KFC Russia business.

Also, included in Unallocated Other income (expense) were $1 million in foreign exchange losses attributable to fluctuations in the value of the Russian Ruble during the quarter and year to date ended June 30, 2023, and foreign exchange gains of $11 million and $16 million during the quarter and year to date ended June 30, 2022, respectively. Additionally, we recorded charges of $3 million and $4 million to Corporate and unallocated G&A expenses and $1 million and $2 million to Unallocated Franchise and property expenses during the quarter and year to date ended June 30, 2023, respectively, for certain expenses related to the disposition of the businesses and other costs related to our exit from Russia. We recorded similar charges of $2 million and $4 million to Corporate and Unallocated G&A expenses and Unallocated Franchise and property expenses, respectively, during the quarter and year to date ended June 30, 2022.

(b)Includes changes in the value of our investment in Devyani International Limited (see Note 12).

(c)Includes a $23 million call premium and $5 million of unamortized debt issuance costs written off related to the redemption of the 2025 Notes (as discussed in our 2022 Form 10-K) during the quarter ended June 30, 2022.

Pension Benefits (Tables)

6 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost associated with our U.S. pension plans are as follows:


	Quarter ended				Year to date
	2023		2022		2023		2022
Service cost	$	1	$	1	$	2	$	3
Interest cost	11		8		21		16
Expected return on plan assets	(13)		(11)		(25)		(23)
Amortization of net (gain) / loss	(1)		2		(1)		5
Amortization of prior service cost	1		2		1		3
Net periodic benefit cost	$	(1)	$	2	$	(2)	$	4

Short-term Borrowings and Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings and Long-term Debt


Short-term Borrowings	6/30/2023		12/31/2022
Current maturities of long-term debt	$	381	$	405
Less current portion of debt issuance costs and discounts	(7)		(7)
Short-term borrowings	$	374	$	398

Long-term Debt
Securitization Notes	$	3,753	$	3,772
Subsidiary Senior Unsecured Notes	750		750
Revolving Facility	30		279
Term Loan A Facility	727		736
Term Loan B Facility	1,466		1,474
YUM Senior Unsecured Notes	4,875		4,875
Finance lease obligations	52		57
	$	11,653	$	11,943
Less long-term portion of debt issuance costs and discounts	(78)		(85)
Less current maturities of long-term debt	(381)		(405)
Long-term debt	$	11,194	$	11,453

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gains and losses on derivative instruments designated as cash flow hedges recognized in other comprehensive income and reclassifications from AOCI to earnings

Gains and losses on these interest rate swaps recognized in OCI and reclassifications from AOCI into Net Income were as follows:


	Quarter ended								Year to date
	Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income				Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income
	2023		2022		2023		2022		2023		2022		2023		2022

Interest rate swaps	$	24	$	12	$	(7)	$	9	$	17	$	71	$	(12)	$	20

Income tax benefit/(expense)	(7)		(3)		2		(2)		(5)		(17)		3		(5)

Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following table presents the carrying value and estimated fair value of the Company’s debt obligations:


	6/30/2023				12/31/2022
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes(a)	$	3,753	$	3,296	$	3,772	$	3,273
Subsidiary Senior Unsecured Notes(b)	750		729		750		731
Term Loan A Facility(b)	727		723		736		729
Term Loan B Facility(b)	1,466		1,458		1,474		1,459
YUM Senior Unsecured Notes(b)	4,875		4,605		4,875		4,473

(a) We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.

(b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility and Term Loan B Facility using market quotes and calculations based on market rates.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


			Fair Value
	Condensed Consolidated Balance Sheet	Level	6/30/2023		12/31/2022
Assets
Investments	Other assets	1	$	124	$	118

Investments	Other assets	3	5		5
Interest Rate Swaps	Prepaid expenses and other current assets	2	33		26
Interest Rate Swaps	Other assets	2	14		16

Financial Statement Presentation (Details) $ in Millions	3 Months Ended		6 Months Ended
Financial Statement Presentation (Details) $ in Millions	Jun. 30, 2023 USD ($) restaurants countries_and_territiories Rate	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) countries_and_territiories restaurants operating_segments Months Rate	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Number of Stores \| restaurants	56,000		56,000
Number of Countries in which Entity Operates \| countries_and_territiories	155		155
Percent Of System Units Located Outside United States \| Rate	98.00%		98.00%
Number of Reportable Segments \| operating_segments			4
Fiscal period months standard for each quarter \| Months			3
Prior Period Reclassification Adjustment			$ 0
Goodwill	$ 641		641		$ 638
Cash and cash equivalents	437		437		$ 367
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	60	$ 0	60	$ 0
Proceeds from Divestiture of Businesses, Net of Cash Divested	$ 121		$ 121	$ 0
RUSSIAN FEDERATION
Number of Stores with Suspended Operations \| restaurants	70		70
Gain (Loss) on Sale of Assets and Asset Impairment Charges	$ 4

Earnings Per Common Share ("EPS") (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Net Income

$ 418

$ 224

$ 718

$ 623

Weighted-average common shares outstanding (for basic calculation)

281.0

286.0

281.0

288.0

Effect of dilutive share-based employee compensation

5.0

4.0

5.0

4.0

Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)

286.0

290.0

286.0

292.0

Basic EPS

$ 1.49

$ 0.78

$ 2.55

$ 2.16

Diluted EPS

$ 1.46

$ 0.77

$ 2.51

$ 2.13

Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation

^[1]

1.7

2.4

1.6

1.8

[1]	These unexercised employee stock options and stock appreciation rights were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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Shareholders' Deficit (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Shareholders' Deficit (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value	$ 0	$ 150	$ 50	$ 557
Stock Repurchase Program, Remaining Authorized Repurchase Amount	1,700		1,700
May 2021
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value				557
Stock Repurchase Program, Remaining Authorized Repurchase Amount	0		0
September 2022
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value			50	$ 0
Stock Repurchase Program, Authorized Amount	2,000		2,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 1,700		$ 1,700
Issued Common Stock
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased		2,000,000	387,000	4,635,000
Repurchase of shares of Common Stock, value		$ 15	$ 24	$ 37
Issued Common Stock \| May 2021
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased			0	4,635,000
Issued Common Stock \| September 2022
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased			387,000	0

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

Shareholders' Deficit (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Shareholders' Deficit (Details 2) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	$ (371)		$ (369)
Gains (losses) arising during the year classified into AOCI, net of tax	23		23
(Gains) losses reclassified from AOCI, net of tax	55		53
Other comprehensive income (loss), net of tax	78	$ (2)	76	$ 31
Accumulated other comprehensive loss	(293)		(293)
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	(282)		(290)
Gains (losses) arising during the year classified into AOCI, net of tax	4		12
(Gains) losses reclassified from AOCI, net of tax	60		60
Other comprehensive income (loss), net of tax	64		72
Accumulated other comprehensive loss	(218)		(218)
Pension and Post-Retirement Benefits
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	(96)		(94)
Gains (losses) arising during the year classified into AOCI, net of tax	0		(2)
(Gains) losses reclassified from AOCI, net of tax	1		1
Other comprehensive income (loss), net of tax	1		(1)
Accumulated other comprehensive loss	(95)		(95)
Derivative Instruments
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	7		15
Gains (losses) arising during the year classified into AOCI, net of tax	19		13
(Gains) losses reclassified from AOCI, net of tax	(6)		(8)
Other comprehensive income (loss), net of tax	13		5
Accumulated other comprehensive loss	$ 20		$ 20

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Other (Income) Expense (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ 1	$ (8)	$ 4	$ (12)
Impairment and closure expense	0	(1)	1	(1)
Other income (expense) excluding foreign exchange gain (loss)	4	5	10	3
Other (income) expense	5	(4)	15	(10)
Gain (Loss) on Disposition of Assets	(17)	(8)	(21)	(12)
Income tax provision	60	$ 166	$ 131	$ 165
RUSSIAN FEDERATION
Other Income and Expenses [Line Items]
Income tax provision	$ 71

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Supplemental Balance Sheet Information (Details) $ in Millions	Jun. 30, 2023 USD ($) days	Dec. 31, 2022 USD ($)
Accounts and Notes Receivable [Abstract]
Number of days from the period in which the corresponding sales occur that trade receivables are generally due \| days	30
Accounts and notes receivable, gross	$ 702	$ 685
Allowance for doubtful accounts	(46)	(37)
Accounts and notes receivable, net	656	648
Prepaid Expenses and Other Current Assets [Member]
Assets held-for-sale	6	190
Accounts Payable and Accrued Liabilities
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 2	$ 65

Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.

Property, plant and equipment, gross

Supplemental Balance Sheet Information (Details 2) - USD ($)
$ in Millions

Jun. 30, 2023

Dec. 31, 2022

Jun. 30, 2022

Dec. 31, 2021

$ 2,466

$ 2,454

Accumulated depreciation and amortization

(1,304)

(1,283)

Property, plant and equipment, net

1,162

1,171

Operating lease, right-of-use assets

^[1]

753

742

Other assets

1,340

1,324

Other Assets, Miscellaneous, Noncurrent

280

294

Operating Lease, Liability, Noncurrent

744

731

Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets

437

367

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

659

647

$ 628

$ 771

KFC Russia

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations

0

25

Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Devyani

Equity Securities, FV-NI

122

116

Prepaid Expenses and Other Current Assets [Member]

Assets held-for-sale

6

190

Restricted Cash and Cash Equivalents

^[2]

188

220

Other Current Assets [Member]

Restricted Cash and Cash Equivalents

^[3]

34

35

Franchise Incentive [Member]

Other assets

$ 185

$ 172

[1]	Non-current operating lease liabilities of $744 million and $731 million as of June 30, 2023 and December 31, 2022, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.
[2]	Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments.
[3]	Primarily trust accounts related to our self-insurance program.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income tax provision	$ (60)	$ (166)	$ (131)	$ (165)
Effective tax rate	12.60%	42.60%	15.40%	21.00%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$ 18
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 82
Foreign Tax Authority
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	10
RUSSIAN FEDERATION
Income tax provision	$ (71)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Revenue Recognition Accounting Policy (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 1,687	$ 1,636	$ 3,332	$ 3,183
Company Sales
Revenues	511	499	985	969
Franchise and property revenues
Revenues	785	737	1,555	1,451
Franchise contributions for advertising and other services
Revenues	391	400	792	763
UNITED STATES \| Company Sales
Revenues	413	400	793	759
UNITED STATES \| Franchise and property revenues
Revenues	311	291	606	558
UNITED STATES \| Property Revenues
Revenues	14	14	29	29
UNITED STATES \| Franchise contributions for advertising and other services
Revenues	231	221	457	422
CHINA \| Franchise and property revenues
Revenues	77	61	161	138
Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	98	99	192	210
Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	369	357	732	698
Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	14	14	27	28
Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	160	179	335	341
KFC Global Division [Member]
Revenues	682	677	1,369	1,337
KFC Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	17	16	33	31
KFC Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	49	47	95	92
KFC Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	3	3	6	6
KFC Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	8	7	16	13
KFC Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	61	48	127	109
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	98	99	192	210
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	290	283	574	543
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	13	13	26	27
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	143	161	300	306
Pizza Hut Global Division [Member]
Revenues	242	235	496	479
Pizza Hut Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	4	5	9	10
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	66	64	136	128
Pizza Hut Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	1	1	2	2
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	74	72	152	144
Pizza Hut Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	16	13	34	29
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0	0	0
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	65	63	131	133
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	1	1	1	1
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	15	16	31	32
Taco Bell Global Division [Member]
Revenues	621	586	1,193	1,103
Taco Bell Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	253	243	482	457
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	194	178	372	335
Taco Bell Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	10	10	20	21
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	148	142	288	265
Taco Bell Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	14	11	27	22
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	2	2	4	3
Habit Division [Member]
Revenues	142	138	274	264
Habit Division [Member] \| UNITED STATES \| Company Sales
Revenues	139	136	269	261
Habit Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	2	2	3	3
Habit Division [Member] \| UNITED STATES \| Property Revenues
Revenues	0	0	1	0
Habit Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	1	0	1	0
Habit Division [Member] \| CHINA \| Franchise and property revenues
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	$ 0	$ 0	$ 0	$ 0

Revenue Recognition Accounting Policy (Details 2) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 419	$ 434
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(43)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	37
Foreign Currency Gain (Loss) and Refranchising Gain (Loss) [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Other	$ (9)

Revenue Recognition Accounting Policy (Details 3) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 419	$ 434
Less than 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	69
1 - 2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	63
2 - 3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	57
3 - 4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	50
4 - 5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	43
Thereafter
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	$ 137

Reportable Operating Segments (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Apr. 01, 2022

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

$ 1,687

$ 1,636

$ 3,332

$ 3,183

573

554

1,096

1,063

Company restaurant expenses

291

254

573

507

415

818

817

32

29

68

61

(17)

(8)

(21)

(12)

Investment (income) expense, net

5

(4)

15

(10)

^[1]

(29)

15

(5)

8

Other pension income (expense)

1

(1)

3

(1)

Interest Income (Expense), Net

^[2]

(125)

(148)

(255)

(266)

Income Before Income Taxes

478

390

849

788

Russia, Rubles

Other Nonoperating Income (Expense)

11

1

16

RUSSIAN FEDERATION

Gain (Loss) on Sale of Assets and Asset Impairment Charges

2

4

Senior Unsecured Notes Due April 2025

Payment for Debt Extinguishment or Debt Prepayment Cost

$ 23

Write off of Deferred Debt Issuance Cost

$ 5

KFC Global Division [Member]

682

677

1,369

1,337

Pizza Hut Global Division [Member]

326

293

631

584

242

235

496

479

Taco Bell Global Division [Member]

91

93

195

621

586

1,193

1,103

228

215

432

400

Habit Division [Member]

142

138

274

264

3

(2)

(10)

Unallocated [Member]

^[3]

86

65

170

136

^[3]

1

4

2

4

(17)

(8)

(21)

(12)

Unallocated [Member] | RUSSIAN FEDERATION

^[3]

5

(16)

9

(22)

3

4

$ 1

2

4

$ 1

KFC Russia

Other Nonoperating Income (Expense)

$ 9

$ 11

[1]	Includes changes in the value of our investment in Devyani International Limited (see Note 12).
[2]	Includes a $23 million call premium and $5 million of unamortized debt issuance costs written off related to the redemption of the 2025 Notes (as discussed in our 2022 Form 10-K) during the quarter ended June 30, 2022
[3]	Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC and Pizza Hut prior to the dates of sale or transfer (see Note 1), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses subsequent to that date from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the year to date ended June 30, 2023, and net operating profit of $9 million and $11 million from Divisional Other income (expense) to Unallocated Other income (expense) during the quarter and year to date ended June 30, 2022, respectively. Additionally, we recorded a $4 million loss to Unallocated Other income (expense) during the quarter and year to date ended June 30, 2023 from the sale of our KFC Russia business.Also, included in Unallocated Other income (expense) were $1 million in foreign exchange losses attributable to fluctuations in the value of the Russian Ruble during the quarter and year to date ended June 30, 2023, and foreign exchange gains of $11 million and $16 million during the quarter and year to date ended June 30, 2022, respectively. Additionally, we recorded charges of $3 million and $4 million to Corporate and unallocated G&A expenses and $1 million and $2 million to Unallocated Franchise and property expenses during the quarter and year to date ended June 30, 2023, respectively, for certain expenses related to the disposition of the businesses and other costs related to our exit from Russia. We recorded similar charges of $2 million and $4 million to Corporate and Unallocated G&A expenses and Unallocated Franchise and property expenses, respectively, during the quarter and year to date ended June 30, 2022.

Pension Benefits (Details) - UNITED STATES - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1	$ 2	$ 3
Interest cost	11	8	21	16
Expected return on plan assets	(13)	(11)	(25)	(23)
Amortization of net loss	(1)	2	(1)	5
Amortization of prior service cost	1	2	1	3
Net periodic benefit cost	$ (1)	$ 2	$ (2)	$ 4

Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions		3 Months Ended
	Apr. 01, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term Line of Credit		$ 30		$ 279
Finance Lease, Liability, Noncurrent		52		57
Long-term debt and capital less obligations, including current maturities and debt issuance costs		11,653		11,943
Less Debt Issuance Costs, Noncurrent, Net		(78)		(85)
Long-term debt		11,194		11,453
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		293	$ 239
Long-term Debt, Current Maturities		381		405
Less current portion of debt issuance costs and discounts		(7)		(7)
Short-term borrowings		374		398
Subsidiary Senior Unsecured Notes [Member] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Notes		750		750
Term Loan A Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt		727		736
Term Loan B Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt		1,466		1,474
YUM Senior Unsecured Notes [Member] [Domain] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Notes		$ 4,875		$ 4,875
Senior Unsecured Notes Due April 2025
Debt Instrument [Line Items]
Payment for Debt Extinguishment or Debt Prepayment Cost	$ 23
Write off of Deferred Debt Issuance Cost	5
Payment for Debt Extinguishment or Debt Prepayment Cost and Deferred Debt Issuance Cost, Writeoff	$ 28

Derivative Instruments (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (33)
Forward-starting interest rate swap [Member]
Derivative, Maturity Date	Mar. 01, 2025
Derivative, Notional Amount	$ 1,500	$ 1,500

Date derivative contract ends, in YYYY-MM-DD format.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480493/946-210-55-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column D))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5C

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column F))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column C))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column D))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5B

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Derivative Instruments (Details 2) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) arising during the period	$ 26	$ 15	$ 18	$ 72
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(7)	(3)	(5)	(17)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	2	(2)	3	(5)
Interest Rate Swap [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) arising during the period	24	12	17	71
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (7)	$ 9	$ (12)	$ 20

Fair Value Disclosures (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Investment Owned, at Fair Value

$ 122

$ 116

Unrealized Gain (Loss) on Investments

$ 28

$ 5

Devyani

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Equity Method Investment, Ownership Percentage

5.00%

Secured Debt [Member] | Securitization Notes [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Senior Notes, Noncurrent

$ 3,753

3,772

Secured Debt [Member] | Securitization Notes [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Secured Debt [Member] | Term Loan A Facility [Member]

^[1]

3,296

3,273

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt obligations, excluding capital leases, carrying amount

727

736

Secured Debt [Member] | Term Loan A Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Secured Debt [Member] | Term Loan B Facility [Member]

^[2]

723

729

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt obligations, excluding capital leases, carrying amount

1,466

1,474

Secured Debt [Member] | Term Loan B Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member]

^[2]

1,458

1,459

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Senior Notes, Noncurrent

750

Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Unsecured Debt [Member] | YUM Senior Unsecured Notes [Member] [Domain]

^[2]

729

731

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Senior Notes, Noncurrent

4,875

Unsecured Debt [Member] | YUM Senior Unsecured Notes [Member] [Domain] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]