New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification

332,000

2

Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture

36

$ 36

Employee Stock Option and SARs Exercises, Shares

(33)

$ (29)

(4)

1,000

$ (1,171)

^[1]

(1,171)

$ 7

(1,164)

(14,147)

^[1]

(14,000)

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

(237)

741

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

$ 9

9

$ 9

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax

8

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax

(30)

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

(30)

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

754

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

754

(215)

(6,754)

$ 0

(6,539)

Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture

327,000

13

$ 13

Employee Stock Option and SARs Exercises, Shares

(6)

$ (6)

(1,000)

(643)

$ 7

(636)

(7,000)

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

(116)

254

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

0

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax

3

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax

(70)

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

(70)

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

321

321

$ 5

Accumulated deficit | Adjustments for New Accounting Pronouncement [Member]

$ (251)

$ 5

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

(282)

(7,247)

$ 0

(6,965)

319,000

(7,926)

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

7,592

(334)

(7,926)

$ 0

(7,592)

New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification

306,000

Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture

39

$ 39

Employee Stock Option and SARs Exercises, Shares

(51)

$ (38)

(13)

1,000

$ (302)

^[2]

(302)

$ 1

(301)

(3,018)

^[2]

(3,000)

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

(257)

505

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

$ (55)

(55)

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax

4

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax

5

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

5

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

551

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

551

(324)

(7,904)

$ 0

(7,580)

Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture

306,000

14

$ 14

(13)

(196)

$ 1

(195)

(2,000)

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

(128)

233

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

(32)

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax

1

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax

(25)

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

$ (25)

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

289

289

(7,994)

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

7,614

$ (380)

$ (7,994)

$ 0

$ (7,614)

Organization, Consolidation and Presentation of Financial Statements [Abstract]

304,000

[1]	Includes the effect of $3 million in share repurchases (0.03 million shares) with trade dates prior to June 30, 2018, but cash settlement dates subsequent to June 30, 2018.
[2]	Includes the effect of $2 million in share repurchases (0.02 million shares) with trade dates prior to June 30, 2019, but cash settlement dates subsequent to June 30, 2019 and excludes the effect of $5 million in share repurchases (0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018.

Financial Statement Presentation

6 Months Ended

Jun. 30, 2019

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, 2018 (“2018 Form 10-K”).

YUM! Brands, Inc. and its Subsidiaries (collectively referred to herein as the “Company,” “YUM,” “we,” “us” or “our”) franchises or operates a system of over 48,000 quick service restaurants in more than 145 countries and territories. At June 30, 2019, 98% of these restaurants were owned and operated by franchisees. The Company’s KFC, Pizza Hut and Taco Bell brands (collectively the “Concepts”) are global leaders of the chicken, pizza and Mexican-style food categories.

As of June 30, 2019, YUM consisted of three operating segments:


•	The KFC Division which includes our worldwide operations of the KFC concept


•	The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept


•	The Taco Bell Division which includes our worldwide operations of the Taco Bell concept

YUM's fiscal year begins on January 1 and ends December 31 of each year, with each quarter comprised of three months. Our U.S. subsidiaries and certain international subsidiaries operate on a weekly periodic calendar where the first three quarters of each fiscal year consists 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. For our subsidiaries that operate on this weekly periodic calendar, 2019 will include a 53rd week. 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 2018 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 other 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, 2019. These reclassifications had no effect on previously reported Net Income.

Note 2. Lease Accounting Policy (Notes)

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Leases [Text Block]

Lease Accounting

Starting in February 2016 and continuing into 2019, the Financial Accounting Standards Board ("FASB") issued standards on the recognition and measurement of leases ("Topic 842"). We adopted these standards beginning with the quarter ended March 31, 2019, using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of 2019 and have not recast the comparative periods presented in the Condensed Consolidated Financial Statements. The standards provide a number of optional practical expedients and policy elections in transition. We elected the ‘package of practical expedients’ under which we did not reassess under the standards our prior conclusions about lease identification, lease classification and initial direct costs. We did not elect the use-of-hindsight or the practical expedient pertaining to land easements. Refer to Note 5 for information regarding the adjustments recorded to our Condensed Consolidated Balance Sheet as of the beginning of the quarter ended March 31, 2019 to reflect the adoption of Topic 842. Below is information about the nature of our leases, accounting policies and assumptions subsequent to adopting Topic 842 and other required disclosures.

In certain instances, we lease or sublease certain restaurants to franchisees. Our lessor and sublease portfolio primarily consists of stores that have been leased to franchisees subsequent to refranchising transactions. Our most significant leases with lease and non-lease components are leases with our franchisees that include both the right to use a restaurant as well as a license of the intellectual property associated with our Concepts’ brands. For these leases, which are primarily classified as operating leases, we account for the lease and non-lease components separately. Revenues from rental agreements with franchisees are presented within Franchise and property revenues in our Condensed Consolidated Statements of Income and related expenses (e.g. depreciation and rent expense) are presented within Franchise and property expenses. The impact of adopting Topic 842 on the accounting for our lessor and sublease portfolio was not significant.

We lease land, buildings or both for certain of our restaurants and restaurant support centers worldwide. Rental expense for leased restaurants is presented in our Condensed Consolidated Statements of Income as Company restaurant expenses and rental expense for restaurant support centers is presented as General and administrative expenses. The length of our lease terms, which vary by country and often include renewal options, are an important factor in determining the appropriate accounting for leases including the initial classification of the lease as finance (referred to as “capital” leases prior to the adoption of Topic 842) or operating as well as the timing of recognition of rent expense over the duration of the lease. We include renewal option periods in determining the term of our leases when failure to renew the lease would impose a penalty on the Company in such an amount that a renewal appears to be reasonably certain at the commencement of the lease. The primary penalty to which we are subject is the economic detriment associated with the existence of leasehold improvements that might be impaired if we choose not to continue the use of the leased property. Our leasing activity for other assets, including equipment, is not significant.

Prior to the adoption of Topic 842 (“Legacy GAAP”) liabilities for future rental payments under operating leases were not recognized on the balance sheet of the Company except when recognizing a liability was necessary to reflect the impact of recognizing rent expense on a straight-line basis. Upon the adoption of Topic 842, right-of-use assets and liabilities are recognized upon lease commencement for operating leases based on the present value of lease payments over the lease term. Such assets and liabilities have historically been recorded for finance leases. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Subsequent amortization of the right-of-use asset and accretion of the lease liability for an operating lease is recognized as a single lease cost, on a straight-line basis, over the lease term. For finance leases, the right-of-use asset is depreciated on a straight-line basis over the lesser of the useful life of the leased asset or lease term. Interest on each finance lease liability is determined as the amount that results in a constant periodic discount rate on the remaining balance of the liability. As most of our leases do not provide an implicit discount rate, we use our incremental secured borrowing rate based on the information available at commencement date, including the lease term and currency, in determining the present value of lease payments for both operating and finance leases. Leases with an initial term of 12 months or less are not recorded in the Condensed Consolidated Balance Sheet; we recognize lease expense for these leases on a straight-line basis over the lease term.

Right-of-use assets are assessed for impairment in accordance with our long-lived asset impairment policy, which is performed annually or whenever events or changes in circumstances indicate that the carrying amount of a restaurant may not be recoverable. We reassess lease classification and remeasure right-of-use assets and lease liabilities when a lease is modified and that modification is not accounted for as a separate new lease or upon certain other events that require reassessment in accordance with Topic 842. The difference between operating lease rental expense recognized in our Condensed Consolidated Statements of Income and cash payments for operating leases is recognized within Other, net within Net Cash Provided by Operating Activities in our Condensed Consolidated Statements of Cash Flows.



The components of lease expense were as follows:	Quarter Ended 6/30/2019			Year to date 6/30/2019
Operating lease cost	$	27		$	56
Finance lease cost
Amortization of right-of-use assets	1			2
Interest on lease liabilities	—			1
Total finance lease cost	1			3
Sublease income	(16		)	(34		)



Supplemental cash flow information related to leases was as follows:	Year to date 6/30/2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	53
Operating cash flows from finance leases	1
Financing cash flows from finance leases	2
Right-of-use assets obtained in exchange for lease obligations
Operating leases	29
Finance leases	3

Supplemental balance sheet information related to leases was as follows:



	6/30/2019			Condensed Consolidated Balance Sheet
Assets
Operating lease right-of-use assets	$	663		Other assets
Finance lease right-of-use assets	34			Property, plant and equipment, net
Total right-of-use assets^(a)	$	697

Liabilities
Current
Operating	$	74		Accounts payable and other current liabilities
Finance	6			Short-term borrowings
Non-current
Operating	653			Other liabilities and deferred credits
Finance	63			Long-term debt
Total lease liabilities^(a)	$	796

Weighted-average Remaining Lease Term (in years)
Operating leases	12.1
Finance leases	11.9

Weighted-average Discount Rate
Operating leases	5.5		%
Finance leases	5.7		%


(a)	U.S. operating lease right-of-use assets and liabilities totaled $282 million and $333 million, respectively, as of June 30, 2019 and primarily related to Taco Bell U.S.

Future minimum lease payments as of June 30, 2019, including rental payments for lease renewal options we are reasonably certain to exercise were as follows:



	Commitments
	Finance			Operating
Less than 1 year	$	10		$	112
1-2 years	9			103
2-3 years	9			94
3-4 years	8			85
4-5 years	7			79
Thereafter	53			548
Total lease payments	96			1,021
Less imputed interest	(27		)	(294		)
Total lease liabilities	$	69		$	727

Future minimum lease payments under the non-cancellable term of leases as of December 31, 2018 as required to be disclosed under Legacy GAAP were as follows:



	Commitments
	Capital		Operating
2019	$	10	$	103
2020	10		89
2021	9		78
2022	8		71
2023	8		61
Thereafter	58		384
Total lease payments	$	103	$	786

Earnings Per Common Share ("EPS")

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

Earnings Per Common Share (“EPS”)



	Quarter ended				Year to date
	2019		2018		2019		2018
Net Income	$	289	$	321	$	551	$	754

Weighted-average common shares outstanding (for basic calculation)	307		324		307		328
Effect of dilutive share-based employee compensation	7		7		7		8
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	314		331		314		336

Basic EPS	$	0.94	$	0.99	$	1.79	$	2.30

Diluted EPS	$	0.92	$	0.97	$	1.75	$	2.25
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation^(a)	2.3		2.3		1.8		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, 2019

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 to date ended June 30, 2019 and 2018 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
	2019		2018		2019			2018			2019

November 2017 Authorization	—		14,147		$	—		$	1,171		$	—
August 2018 Authorization	3,018		—		302			—			804
Total	3,018	(a)	14,147	(b)	$	302	(a)	$	1,171	(b)	$	804


(a)	Includes the effect of $2 million in share repurchases (0.02 million shares) with trade dates prior to June 30, 2019, but cash settlement dates subsequent to June 30, 2019 and excludes the effect of $5 million in share repurchases (0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018.


(b)	Includes the effect of $3 million in share repurchases (0.03 million shares) with trade dates prior to June 30, 2018, but cash settlement dates subsequent to June 30, 2018.

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, 2019, net of tax	$	(215	)	$	(79	)	$	(30	)	$	(324	)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	(25		)	—			(33		)	(58		)

(Gains) losses reclassified from AOCI, net of tax	—			1			1			2
	(25		)	1			(32		)	(56		)
Balance at June 30, 2019, net of tax	$	(240	)	$	(78	)	$	(62	)	$	(380	)

Balance at December 31, 2018, net of tax	$	(245	)	$	(82	)	$	(7	)	$	(334	)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	5			—			(44		)	(39		)

(Gains) losses reclassified from AOCI, net of tax	—			4			(11		)	(7		)
	5			4			(55		)	(46		)
Balance at June 30, 2019, net of tax	$	(240	)	$	(78	)	$	(62	)	$	(380	)

Items Affecting Comparability of Net Income, Financial Position and Cash Flows

6 Months Ended

Jun. 30, 2019

Items Affecting Comparability of Net Income and Cash Flows [Abstract]

Comparability of Prior Year Financial Data

Items Affecting Comparability of Net Income, Financial Position and Cash Flows

Refranchising (Gain) Loss

The Refranchising (gain) loss by our Divisional reportable segments is presented below. Given the size and volatility of refranchising initiatives, our chief operating decision maker ("CODM") does not consider the impact of Refranchising (gain) loss when assessing Divisional segment performance. As such, we do not allocate such gains and losses to our Divisional segments for performance reporting purposes.

During the quarter and year to date ended June 30, 2019, we sold certain restaurant assets associated with existing franchise restaurants to the franchisee. Additionally, we refranchised 6 restaurants in the first quarter of 2019. Pre-tax proceeds related to these sales totaled $11 million and $25 million for the quarter and year to date ended June 30, 2019, respectively. During the quarter and year to date ended June 30, 2018, we refranchised 51 restaurants and 195 restaurants, respectively, and received $47 million and $252 million, respectively, in pre-tax proceeds.

A summary of Refranchising (gain) loss is as follows:



	Quarter ended						Year to date
	2019			2018			2019			2018
KFC Division	$	(4	)	$	(42	)	$	(6	)	$	(99	)
Pizza Hut Division	—			13			—			11
Taco Bell Division	—			—			(4		)	(97		)
Worldwide	$	(4	)	$	(29	)	$	(10	)	$	(185	)

Pizza Hut U.S. Transformation Agreement

In May 2017, we reached an agreement with Pizza Hut U.S. franchisees that will improve brand marketing alignment, accelerate enhancements in operations and technology and that included a permanent commitment to incremental advertising as well as digital and technology contributions by franchisees (the “Transformation Agreement”). In connection with the Transformation Agreement we anticipate investing approximately $90 million from 2017 to 2019 to upgrade restaurant equipment to improve operations, fund improvements in restaurant technology and enhance digital and e-commerce capabilities. As of June 30, 2019, we have invested $82 million since the inception of the agreement.

We have invested $5 million and $13 million in the quarter and year to date ended June 30, 2019, respectively, and $4 million and $11 million in the quarter and year to date ended June 30, 2018, respectively, related to the Transformation Agreement. These amounts primarily consisted of capital investments and franchisee incentive payments that were capitalized. Also included are operating investments of $1 million and $2 million in both the quarters and years to date ended June 30, 2019 and 2018, respectively.

Due to their unique and long-term brand-building nature as well as their non-recurring impact on Pizza Hut’s Division results, the financial impact of operating investments that are part of the Transformation Agreement are not being considered by our CODM when assessing segment performance. As such, these operating investments are not being allocated to the Pizza Hut Division operating segment results for performance reporting purposes.

Depreciation on capital investments made as part of the Transformation Agreement is being allocated to Pizza Hut segment results as the expense is recurring and is not expected to significantly impact the comparability of results in any given period. For the same reasons, the amortization related to capitalized franchisee incentive payments is being allocated to Pizza Hut Division operating segment results.

In addition to the investments above, we funded $37.5 million of incremental system advertising from the second half of 2017 through 2018, including $2 million and $5 million we incurred during the quarter and year to date ended June 30, 2018, respectively. These advertising amounts were recorded primarily in Franchise and property expenses and were included in the Pizza Hut Division segment operating results.

KFC U.S. Acceleration Agreement

During 2015, we reached an agreement with our KFC U.S. franchisees that gave us control of brand marketing execution as well as an accelerated path to expanded menu offerings, improved assets and enhanced customer experience. In connection with this agreement we are investing approximately $130 million from 2015 through 2019 primarily to fund new back-of-house equipment for franchisees and to provide incentives to accelerate franchisee store remodels. We invested $1 million and $2 million in the quarters ended June 30, 2019 and 2018, respectively, and $2 million and $3 million in the years to date ended June 30, 2019 and 2018, respectively. We have invested approximately $125 million since the inception of the agreement.

In addition to the investments above, we funded $60 million of incremental system advertising from 2015 through 2018, including $3 million and $5 million incurred during the quarter and year to date ended June 30, 2018, respectively. These advertising amounts were recorded primarily in Franchise and property expenses and were included in the KFC Division segment operating results.

Turkey Acquisition Contingent Consideration

During the quarter ended June 30, 2019 we recorded charges of $8 million and $2 million to Other (income) expense and Interest expense, net, respectively, related to cash payments in excess of our recorded liability to settle contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. Consistent with prior adjustments to the recorded contingent consideration, our CODM does not consider this charge when assessing segment performance due to the nature of these costs. As such, these costs are not being allocated to any of our segment operating results for performance reporting purposes.

Investment in Grubhub, Inc. ("Grubhub")

On February 7, 2018, certain of our subsidiaries entered into a master services agreement with a subsidiary of Grubhub, the leading online and mobile takeout food-ordering company in the U.S., which is intended to provide dedicated support for the KFC and Taco Bell branded online delivery channels in the U.S. through Grubhub’s online ordering platform, logistics and last-mile support for delivery orders, as well as point-of-sale integration to streamline operations. Concurrently with the master services agreement, one of our subsidiaries entered into an investment agreement with Grubhub to invest $200 million in exchange for approximately 2.8 million shares of Grubhub common stock, subject to customary closing conditions. In April 2018, all necessary regulatory approvals were obtained and the purchase of Grubhub shares was consummated. Shares acquired as part of this purchase are restricted from being transferred until the earlier of the two-year anniversary of closing the investment agreement or 30 days following the termination of our master services agreement with Grubhub. In the quarter and year to date ended June 30, 2019 we recognized pre-tax income of $24 million and $4 million, respectively, related to the mark-to-market of these shares, which includes the appreciation in the market price of Grubhub common stock less valuation adjustments related to the transfer restrictions. In the quarter and year to date ended June 30, 2018, we recognized pre-tax income of $25 million and $91 million, respectively, which included the appreciation in the market price of Grubhub common stock since entering into the agreement less valuation adjustments related to the transfer restrictions. The $25 million recognized in the quarter ended June 30, 2018 also included the reversal of the valuation adjustment that was established in the first quarter of 2018 regarding the then likelihood of obtaining the necessary regulatory approvals to close the investment agreement. Changes in the fair value of our investment in Grubhub common stock are presented as Investment (income) expense, net within our Condensed Consolidated Statements of Income.

Impact of Adopting New Lease Standards

As discussed in Note 2, we adopted Topic 842 beginning with the quarter ended March 31, 2019, using a modified retrospective method. Topic 842 was applied to all leases existing at, or entered into after, the beginning of 2019. As a result of adopting Topic 842, the following adjustments were made to the Condensed Consolidated Balance Sheet as of the beginning of the quarter ended March 31, 2019:



CONDENSED CONSOLIDATED BALANCE SHEET
	As Reported 12/31/2018			Adjustments			Balances with Adoption of Topic 842 1/1/2019
ASSETS
Current Assets
Cash and cash equivalents	$	292		$	—		$	292
Accounts and notes receivable, net	561			—			561
Prepaid expenses and other current assets	354			(10		)	344
Total Current Assets	1,207			(10		)	1,197

Property, plant and equipment, net	1,237			—			1,237
Goodwill	525			—			525
Intangible assets, net	242			—			242
Other assets	724			689			1,413
Deferred income taxes	195			—			195
Total Assets	$	4,130		$	679		$	4,809

LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and other current liabilities	$	911		$	76		$	987
Income taxes payable	69			—			69
Short-term borrowings	321			—			321
Total Current Liabilities	1,301			76			1,377

Long-term debt	9,751			—			9,751
Other liabilities and deferred credits	1,004			605			1,609
Total Liabilities	12,056			681			12,737

Shareholders’ Deficit
Accumulated deficit	(7,592		)	(2		)	(7,594		)
Accumulated other comprehensive loss	(334		)	—			(334		)
Total Shareholders’ Deficit	(7,926		)	(2		)	(7,928		)
Total Liabilities and Shareholders’ Deficit	$	4,130		$	679		$	4,809

We recorded lease liabilities within Accounts payable and other current liabilities and Other liabilities and deferred credits of $83 million and $661 million, respectively, related to the present value of the remaining operating lease payments. These adjustments were partially offset by reductions to Accounts payable and other current liabilities and Other liabilities and deferred credits of $7 million and $56 million, respectively, primarily related to the write offs of liabilities previously recorded to reflect the impact of recognizing rent expense on a straight-line basis when lease payments were escalating under Legacy GAAP. Additionally, lease liabilities recognized upon adoption were offset by the write-off of prepaid rent of $11 million that was recorded under Legacy GAAP resulting in a decrease within Prepaid expenses and other current assets and Other assets of $10 million and $1 million, respectively.

We recorded a corresponding right-of-use asset within Other Assets of $690 million. This right-of-use asset reflected a $2 million impairment charge that would have been recorded before adoption of Topic 842 had the right-of-use asset been recognized under Legacy GAAP. A related increase was recorded in Accumulated deficit.

Other (Income) Expense	6 Months Ended
Other (Income) Expense	Jun. 30, 2019
Other Income and Expenses [Abstract]
Other (Income) Expense	Other (Income) Expense Other (income) expense primarily includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses (See Note 5) and net foreign exchange (gains) losses for the quarter and year to date ended June 30, 2019. For the quarter and year to date ended June 30, 2018, Other (income) expense primarily includes net foreign exchange (gains) losses and store closure and impairment expenses.

Supplemental Balance Sheet Information

6 Months Ended

Jun. 30, 2019

Supplemental Balance Sheet Information Disclosure [Abstract]

Supplemental Balance Sheet Information

Accounts and Notes Receivable, net

The Company’s receivables are primarily generated as a result of 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.



	6/30/2019			12/31/2018
Accounts and notes receivable, gross	$	580		$	592
Allowance for doubtful accounts	(45		)	(31		)
Accounts and notes receivable, net	$	535		$	561

Property, Plant and Equipment, net



	6/30/2019			12/31/2018
Property, plant and equipment, gross	$	2,328		$	2,353
Accumulated depreciation and amortization	(1,135		)	(1,116		)
Property, plant and equipment, net	$	1,193		$	1,237

Assets held-for-sale totaled $24 million as of both June 30, 2019 and December 31, 2018 and are included in Prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets.

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



	6/30/2019		12/31/2018
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	252	$	292
Restricted cash included in Prepaid expenses and other current assets^(a)	112		151
Restricted cash and restricted cash equivalents included in Other assets^(b)	25		31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	389	$	474


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


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

Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes



	Quarter ended						Year to date
	2019			2018			2019			2018
Income tax provision	$	88		$	36		$	125		$	112
Effective tax rate	23.3		%	9.9		%	18.5		%	12.9		%

Our second quarter and year to date effective tax rate was higher than prior year primarily due to the unfavorable impact of lapping a prior year decrease to the provisional tax expense recorded in the fourth quarter of 2017 associated with the Tax Cuts and Jobs Act of 2017 (the “Tax Act”), the unfavorable impact of the global intangible low-taxed income provisions of the Tax Act in the current year, and lapping the favorable impact attributable to prior year refranchising transactions. These items were partially offset by lapping $19 million in expense recorded in the prior year to correct an error associated with the tax recorded on a prior year divestiture.

Revenue Recognition Accounting Policy

6 Months Ended

Jun. 30, 2019

Revenue Recognition [Abstract]

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 6/30/2019
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	18	$	5	$	212	$	235
Franchise revenues		41		67		140		248
Property revenues		5		1		11		17
Franchise contributions for advertising and other services		3		78		109		190

China
Franchise revenues		52		15		—		67

Other
Company sales		117		6		1		124
Franchise revenues		218		60		7		285
Property revenues		16		—		—		16
Franchise contributions for advertising and other services		114		14		—		128
		$	584	$	246	$	480	$	1,310



	Quarter ended 6/30/2018
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	16	$	11	$	252	$	279
Franchise revenues		40		63		123		226
Property revenues		5		1		6		12
Franchise contributions for advertising and other services		2		60		97		159

China
Franchise revenues		49		15		—		64

Other
Company sales		225		7		1		233
Franchise revenues		198		61		5		264
Property revenues		18		—		—		18
Franchise contributions for advertising and other services		98		15		—		113
		$	651	$	233	$	484	$	1,368



	Year to date ended 6/30/2019
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	34	$	10	$	408	$	452
Franchise revenues		79		134		268		481
Property revenues		11		3		21		35
Franchise contributions for advertising and other services		5		152		213		370

China
Franchise revenues		108		30		—		138

Other
Company sales		226		12		2		240
Franchise revenues		423		120		13		556
Property revenues		34		1		—		35
Franchise contributions for advertising and other services		230		27		—		257
		$	1,150	$	489	925		$	2,564



	Year to date ended 6/30/2018
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	33	$	25	$	494	552
Franchise revenues		78		132		240		450
Property revenues		11		2		11		24
Franchise contributions for advertising and other services		4		125		188		317

China
Franchise revenues		103		31		—		134

Other
Company sales		453		17		2		472
Franchise revenues		388		123		11		522
Property revenues		37		1		—		38
Franchise contributions for advertising and other services		202		28		—		230
		$	1,309	$	484	$	946	$	2,739

Contract Liabilities

Our contract liabilities are comprised of unamortized upfront fees received from franchisees. A summary of significant changes to the contract liability balance during 2019 is presented below.



	Deferred Franchise Fees
Balance at December 31, 2018	$	414
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(33		)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	38
Balance at June 30, 2019	$	419

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



Less than 1 year	$	61
1 - 2 years	57
2 - 3 years	52
3 - 4 years	48
4 - 5 years	43
Thereafter	158
Total	$	419

Reportable Operating Segments

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Reportable Operating Segments

We 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	2019		2018		2019		2018
KFC Division	$	584	$	651	$	1,150	$	1,309
Pizza Hut Division	246		233		489		484
Taco Bell Division	480		484		925		946
	$	1,310	$	1,368	$	2,564	$	2,739



	Quarter ended						Year to date
Operating Profit	2019			2018			2019			2018
KFC Division	$	261		$	235		$	497		$	456
Pizza Hut Division	96			81			193			169
Taco Bell Division	159			149			297			281
Corporate and unallocated G&A expenses	(38		)	(40		)	(81		)	(84		)
Unallocated Company restaurant expenses	—			1			—			1
Unallocated Franchise and property expenses^(a)	(2		)	(1		)	(3		)	(2		)
Unallocated Refranchising gain (loss) (See Note 5)	4			29			10			185
Unallocated Other income (expense)^(b)	(9		)	(5		)	(9		)	(4		)
Operating Profit	$	471		$	449		$	904		$	1,002
Investment income (expense), net (See Note 5)	25			23			9			89
Other pension income (expense) (See Note 11)	—			(3		)	(3		)	(6		)
Interest expense, net	(119		)	(112		)	(234		)	(219		)
Income before income taxes	$	377		$	357		$	676		$	866


(a)	Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.

(b)

Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. See Note 5.

Pension Benefits

6 Months Ended

Jun. 30, 2019

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. The Plan and our most significant non-qualified plan in the U.S. are closed to new salaried participants.

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



	Quarter ended						Year to date
	2019			2018			2019			2018
Service cost	$	1		$	2		$	3		$	4
Interest cost	10			9			20			18
Expected return on plan assets	(11		)	(11		)	(22		)	(21		)
Amortization of net loss	1			3			1			7
Amortization of prior service cost	1			2			2			3
Net periodic benefit cost	$	2		$	5		$	4		$	11

Additional loss recognized due to settlements^(a)	$	—		$	—		$	2		$	—

(a)

Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.

Short-term Borrowings and Long-term Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Short-term Borrowings and Long-term Debt



Short-term Borrowings	6/30/2019			12/31/2018
Current maturities of long-term debt	$	331		$	331
Other	4			—
	335			331
Less current portion of debt issuance costs and discounts	(10		)	(10		)
Short-term borrowings	$	325		$	321

Long-term Debt
Securitization Notes	$	2,913		$	2,928
Subsidiary Senior Unsecured Notes	2,850			2,850
Revolving Facility	157			—
Term Loan A Facility	475			488
Term Loan B Facility	1,945			1,955
YUM Senior Unsecured Notes	1,875			1,875
Finance lease obligations	69			71
	$	10,284		$	10,167
Less debt issuance costs and discounts	(84		)	(85		)
Less current maturities of long-term debt	(331		)	(331		)
Long-term debt	$	9,869		$	9,751

Details of our short-term borrowings and long-term debt as of December 31, 2018 can be found within our 2018 Form 10-K. Cash paid for interest during the years to date ended June 30, 2019 and 2018 was $253 million and $236 million, respectively.

Derivative Instruments

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

We use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates.

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. At both June 30, 2019 and December 31, 2018, our interest rate swaps expiring in July 2021 had notional amounts of $1.55 billion and our interest rate swaps expiring in March 2025 had notional amounts of $1.5 billion. These interest rate swaps are 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, 2019 or December 31, 2018.

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, 2019, the swaps were highly effective cash flow hedges.

Foreign Currency Contracts

We have entered into foreign currency forward and swap contracts with the objective of reducing our exposure to earnings volatility arising from foreign currency fluctuations associated with certain foreign currency denominated intercompany receivables and payables. The notional amount, maturity date, and currency of these contracts match those of the underlying intercompany receivables or payables. Our foreign currency contracts are designated cash flow hedges as the future cash flows of the contracts are expected to offset changes in intercompany receivables and payables due to foreign currency exchange rate fluctuations.

Gains or losses on the foreign currency contracts are reported as a component of AOCI. Amounts are reclassified from AOCI each quarter to offset foreign currency transaction gains or losses recorded within Other (income) expense when the related intercompany receivables and payables affect earnings due to their functional currency remeasurements. Through June 30, 2019, all foreign currency forward and swap contracts related to intercompany receivables and payables were highly effective cash flow hedges.

As of both June 30, 2019 and December 31, 2018, foreign currency forward and swap contracts outstanding related to intercompany receivables and payables had total notional amounts of $456 million. As of June 30, 2019 these foreign currency forward and swap contracts have durations that expire in 2019 or 2020.

As a result of the use of interest rate swaps and foreign currency contracts, 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, 2019, all of the counterparties to our interest rate swaps and foreign currency contracts had investment grade ratings according to the three major ratings agencies. To date, all counterparties have performed in accordance with their contractual obligations.

Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income:



	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
	2019			2018			2019			2018			2019			2018			2019			2018

Interest rate swaps	$	(43	)	$	(2	)	$	(5	)	$	(2	)	$	(70	)	$	16		$	(10	)	$	(3	)

Foreign currency contracts	(1		)	27			6			(24		)	10			11			(4		)	(12		)

Income tax benefit/(expense)	11			(1		)	—			2			16			(5		)	3			2

As of June 30, 2019, 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 $6 million, based on current LIBOR interest rates.

See Note 14 for the fair value of our derivative assets and liabilities.

Fair Value Disclosures

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Disclosures

As of June 30, 2019, the carrying values of cash and cash equivalents, restricted cash, short-term investments, accounts receivable, short-term borrowings, 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 notes receivable net of allowances and lease guarantees less subsequent amortization approximates their carrying value. The following table presents the carrying value and estimated fair value of the Company’s debt obligations:



	6/30/2019				12/31/2018
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes^(a)	$	2,913	$	3,048	$	2,928	$	2,967
Subsidiary Senior Unsecured Notes^(b)	2,850		2,972		2,850		2,733
Term Loan A Facility^(b)	475		474		488		479
Term Loan B Facility^(b)	1,945		1,946		1,955		1,915
YUM Senior Unsecured Notes^(b)	1,875		1,899		1,875		1,798


(a)	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. 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, foreign currency contracts, an investment in Grubhub common stock and other investments, all of which are required to be measured at fair value on a recurring basis (See Note 13 for discussion regarding derivative instruments and Note 5 for discussion regarding our investment in Grubhub common stock). 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	6/30/2019		12/31/2018
Assets
Interest Rate Swaps	Prepaid expenses and other current assets	2	$	10	$	21
Foreign Currency Contracts	Prepaid expenses and other current assets	2	—		5
Interest Rate Swaps	Other assets	2	6		29
Investment in Grubhub Common Stock	Other assets	1	218		214
Other Investments	Other assets	1	32		27

Liabilities
Foreign Currency Contracts	Accounts payable and other current liabilities	2	9		—
Interest Rate Swaps	Other liabilities and deferred credits	2	69		23
Foreign Currency Contracts	Other liabilities and deferred credits	2	—		24

The fair value of the Company’s foreign currency contracts and 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. The fair value of the investment in Grubhub common stock was determined primarily based on closing market prices for the shares. The other investments include investments in mutual funds, which are used to offset fluctuations for a portion of our deferred compensation liabilities. The other investments' fair value is determined based on the closing market prices of the respective mutual funds as of June 30, 2019 and December 31, 2018.

Schedule of lease expenses [Line Items]

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.

+ References + Details

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Guarantees, Commitments and Contingencies	Contingencies 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, 2019, the potential amount of undiscounted payments we could be required to make in the event of non-payment by the primary lessee was approximately $500 million. The present value of these potential payments discounted at our pre-tax cost of debt at June 30, 2019, was approximately $400 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. Accordingly, the liability recorded for our probable exposure under such leases as of June 30, 2019 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. We are currently engaged in various 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.

Note 2. Lease Accounting Policy (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Schedule of lease expenses [Table Text Block]



The components of lease expense were as follows:	Quarter Ended 6/30/2019			Year to date 6/30/2019
Operating lease cost	$	27		$	56
Finance lease cost
Amortization of right-of-use assets	1			2
Interest on lease liabilities	—			1
Total finance lease cost	1			3
Sublease income	(16		)	(34		)

Schedule Of Future Minimum Commitments And Lease Receivables [Text Block]

Future minimum lease payments as of June 30, 2019, including rental payments for lease renewal options we are reasonably certain to exercise were as follows:



	Commitments
	Finance			Operating
Less than 1 year	$	10		$	112
1-2 years	9			103
2-3 years	9			94
3-4 years	8			85
4-5 years	7			79
Thereafter	53			548
Total lease payments	96			1,021
Less imputed interest	(27		)	(294		)
Total lease liabilities	$	69		$	727

Future minimum lease payments under the non-cancellable term of leases as of December 31, 2018 as required to be disclosed under Legacy GAAP were as follows:



	Commitments
	Capital		Operating
2019	$	10	$	103
2020	10		89
2021	9		78
2022	8		71
2023	8		61
Thereafter	58		384
Total lease payments	$	103	$	786

Note 2. Lease Accounting Policy Supplemental Balance Sheet Information Related to Leases (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental Balance Sheet Information Related to Leases [Line Items]

Supplemental Balance Sheet Information Related to Leases [Table Text Block]

Supplemental balance sheet information related to leases was as follows:



	6/30/2019			Condensed Consolidated Balance Sheet
Assets
Operating lease right-of-use assets	$	663		Other assets
Finance lease right-of-use assets	34			Property, plant and equipment, net
Total right-of-use assets^(a)	$	697

Liabilities
Current
Operating	$	74		Accounts payable and other current liabilities
Finance	6			Short-term borrowings
Non-current
Operating	653			Other liabilities and deferred credits
Finance	63			Long-term debt
Total lease liabilities^(a)	$	796

Weighted-average Remaining Lease Term (in years)
Operating leases	12.1
Finance leases	11.9

Weighted-average Discount Rate
Operating leases	5.5		%
Finance leases	5.7		%

(a)

U.S. operating lease right-of-use assets and liabilities totaled $282 million and $333 million, respectively, as of June 30, 2019 and primarily related to Taco Bell U.S.

Note 2. Lease Accounting Policy Supplemental Cash Flow Information Related to Leases (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental Cash Flow Related to Leases [Line Items]

Supplemental Cash Flow Related to Leases [Table Text Block]



Supplemental cash flow information related to leases was as follows:	Year to date 6/30/2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	53
Operating cash flows from finance leases	1
Financing cash flows from finance leases	2
Right-of-use assets obtained in exchange for lease obligations
Operating leases	29
Finance leases	3

Note 3. Earnings Per Common Share ("EPS") Earnings Per Common Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

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



	Quarter ended				Year to date
	2019		2018		2019		2018
Net Income	$	289	$	321	$	551	$	754

Weighted-average common shares outstanding (for basic calculation)	307		324		307		328
Effect of dilutive share-based employee compensation	7		7		7		8
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	314		331		314		336

Basic EPS	$	0.94	$	0.99	$	1.79	$	2.30

Diluted EPS	$	0.92	$	0.97	$	1.75	$	2.25
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation^(a)	2.3		2.3		1.8		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, 2019

Stockholders' Equity Note [Abstract]

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, 2019, net of tax	$	(215	)	$	(79	)	$	(30	)	$	(324	)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	(25		)	—			(33		)	(58		)

(Gains) losses reclassified from AOCI, net of tax	—			1			1			2
	(25		)	1			(32		)	(56		)
Balance at June 30, 2019, net of tax	$	(240	)	$	(78	)	$	(62	)	$	(380	)

Balance at December 31, 2018, net of tax	$	(245	)	$	(82	)	$	(7	)	$	(334	)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	5			—			(44		)	(39		)

(Gains) losses reclassified from AOCI, net of tax	—			4			(11		)	(7		)
	5			4			(55		)	(46		)
Balance at June 30, 2019, net of tax	$	(240	)	$	(78	)	$	(62	)	$	(380	)

Repurchase Of Shares Of Common Stock

Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the years to date ended June 30, 2019 and 2018 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
	2019		2018		2019			2018			2019

November 2017 Authorization	—		14,147		$	—		$	1,171		$	—
August 2018 Authorization	3,018		—		302			—			804
Total	3,018	(a)	14,147	(b)	$	302	(a)	$	1,171	(b)	$	804


(a)	Includes the effect of $2 million in share repurchases (0.02 million shares) with trade dates prior to June 30, 2019, but cash settlement dates subsequent to June 30, 2019 and excludes the effect of $5 million in share repurchases (0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018.

(b)

Includes the effect of $3 million in share repurchases (0.03 million shares) with trade dates prior to June 30, 2018, but cash settlement dates subsequent to June 30, 2018.

Note 5. Items Affecting Comparability of Net Income, Financial Position and Cash Flows Refranchising (Tables)

6 Months Ended

Jun. 30, 2019

Refranchising (gain) loss [Member]

Facility Actions [Line Items]

Facility Actions [Table Text Block]

A summary of Refranchising (gain) loss is as follows:



	Quarter ended						Year to date
	2019			2018			2019			2018
KFC Division	$	(4	)	$	(42	)	$	(6	)	$	(99	)
Pizza Hut Division	—			13			—			11
Taco Bell Division	—			—			(4		)	(97		)
Worldwide	$	(4	)	$	(29	)	$	(10	)	$	(185	)

Note 5. Items Affecting Comparability of Net Income, Financial Position and Cash Flows Impact of Adopting New Accounting Standards (Tables)

6 Months Ended

Jun. 30, 2019

Lease adjustments made to Condensed Consolidated Balance Sheet [Table Text Block]

As a result of adopting Topic 842, the following adjustments were made to the Condensed Consolidated Balance Sheet as of the beginning of the quarter ended March 31, 2019:



CONDENSED CONSOLIDATED BALANCE SHEET
	As Reported 12/31/2018			Adjustments			Balances with Adoption of Topic 842 1/1/2019
ASSETS
Current Assets
Cash and cash equivalents	$	292		$	—		$	292
Accounts and notes receivable, net	561			—			561
Prepaid expenses and other current assets	354			(10		)	344
Total Current Assets	1,207			(10		)	1,197

Property, plant and equipment, net	1,237			—			1,237
Goodwill	525			—			525
Intangible assets, net	242			—			242
Other assets	724			689			1,413
Deferred income taxes	195			—			195
Total Assets	$	4,130		$	679		$	4,809

LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and other current liabilities	$	911		$	76		$	987
Income taxes payable	69			—			69
Short-term borrowings	321			—			321
Total Current Liabilities	1,301			76			1,377

Long-term debt	9,751			—			9,751
Other liabilities and deferred credits	1,004			605			1,609
Total Liabilities	12,056			681			12,737

Shareholders’ Deficit
Accumulated deficit	(7,592		)	(2		)	(7,594		)
Accumulated other comprehensive loss	(334		)	—			(334		)
Total Shareholders’ Deficit	(7,926		)	(2		)	(7,928		)
Total Liabilities and Shareholders’ Deficit	$	4,130		$	679		$	4,809

Refranchising (gain) loss [Member]

Facility Actions [Table Text Block]

A summary of Refranchising (gain) loss is as follows:



	Quarter ended						Year to date
	2019			2018			2019			2018
KFC Division	$	(4	)	$	(42	)	$	(6	)	$	(99	)
Pizza Hut Division	—			13			—			11
Taco Bell Division	—			—			(4		)	(97		)
Worldwide	$	(4	)	$	(29	)	$	(10	)	$	(185	)

Supplemental Balance Sheet Information (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental Balance Sheet Information Disclosure [Abstract]

Schedule of Cash and Cash Equivalents [Table Text Block]



	6/30/2019		12/31/2018
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	252	$	292
Restricted cash included in Prepaid expenses and other current assets^(a)	112		151
Restricted cash and restricted cash equivalents included in Other assets^(b)	25		31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	389	$	474


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


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

Accounts and Notes Receivable



	6/30/2019			12/31/2018
Accounts and notes receivable, gross	$	580		$	592
Allowance for doubtful accounts	(45		)	(31		)
Accounts and notes receivable, net	$	535		$	561

Property, Plant and Equipment



	6/30/2019			12/31/2018
Property, plant and equipment, gross	$	2,328		$	2,353
Accumulated depreciation and amortization	(1,135		)	(1,116		)
Property, plant and equipment, net	$	1,193		$	1,237

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Tax And Effective Tax Rate



	Quarter ended						Year to date
	2019			2018			2019			2018
Income tax provision	$	88		$	36		$	125		$	112
Effective tax rate	23.3		%	9.9		%	18.5		%	12.9		%

Revenue Recognition Accounting Policy (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

Disaggregation of Revenue [Table Text Block]

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 6/30/2019
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	18	$	5	$	212	$	235
Franchise revenues		41		67		140		248
Property revenues		5		1		11		17
Franchise contributions for advertising and other services		3		78		109		190

China
Franchise revenues		52		15		—		67

Other
Company sales		117		6		1		124
Franchise revenues		218		60		7		285
Property revenues		16		—		—		16
Franchise contributions for advertising and other services		114		14		—		128
		$	584	$	246	$	480	$	1,310



	Quarter ended 6/30/2018
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	16	$	11	$	252	$	279
Franchise revenues		40		63		123		226
Property revenues		5		1		6		12
Franchise contributions for advertising and other services		2		60		97		159

China
Franchise revenues		49		15		—		64

Other
Company sales		225		7		1		233
Franchise revenues		198		61		5		264
Property revenues		18		—		—		18
Franchise contributions for advertising and other services		98		15		—		113
		$	651	$	233	$	484	$	1,368



	Year to date ended 6/30/2019
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	34	$	10	$	408	$	452
Franchise revenues		79		134		268		481
Property revenues		11		3		21		35
Franchise contributions for advertising and other services		5		152		213		370

China
Franchise revenues		108		30		—		138

Other
Company sales		226		12		2		240
Franchise revenues		423		120		13		556
Property revenues		34		1		—		35
Franchise contributions for advertising and other services		230		27		—		257
		$	1,150	$	489	925		$	2,564



	Year to date ended 6/30/2018
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	33	$	25	$	494	552
Franchise revenues		78		132		240		450
Property revenues		11		2		11		24
Franchise contributions for advertising and other services		4		125		188		317

China
Franchise revenues		103		31		—		134

Other
Company sales		453		17		2		472
Franchise revenues		388		123		11		522
Property revenues		37		1		—		38
Franchise contributions for advertising and other services		202		28		—		230
		$	1,309	$	484	$	946	$	2,739

Deferred Franchise Fees [Table Text Block]

A summary of significant changes to the contract liability balance during 2019 is presented below.



	Deferred Franchise Fees
Balance at December 31, 2018	$	414
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(33		)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	38
Balance at June 30, 2019	$	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	$	61
1 - 2 years	57
2 - 3 years	52
3 - 4 years	48
4 - 5 years	43
Thereafter	158
Total	$	419

Reportable Operating Segments (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize Revenues and Operating Profit for each of our reportable operating segments:



	Quarter ended				Year to date
Revenues	2019		2018		2019		2018
KFC Division	$	584	$	651	$	1,150	$	1,309
Pizza Hut Division	246		233		489		484
Taco Bell Division	480		484		925		946
	$	1,310	$	1,368	$	2,564	$	2,739



	Quarter ended						Year to date
Operating Profit	2019			2018			2019			2018
KFC Division	$	261		$	235		$	497		$	456
Pizza Hut Division	96			81			193			169
Taco Bell Division	159			149			297			281
Corporate and unallocated G&A expenses	(38		)	(40		)	(81		)	(84		)
Unallocated Company restaurant expenses	—			1			—			1
Unallocated Franchise and property expenses^(a)	(2		)	(1		)	(3		)	(2		)
Unallocated Refranchising gain (loss) (See Note 5)	4			29			10			185
Unallocated Other income (expense)^(b)	(9		)	(5		)	(9		)	(4		)
Operating Profit	$	471		$	449		$	904		$	1,002
Investment income (expense), net (See Note 5)	25			23			9			89
Other pension income (expense) (See Note 11)	—			(3		)	(3		)	(6		)
Interest expense, net	(119		)	(112		)	(234		)	(219		)
Income before income taxes	$	377		$	357		$	676		$	866


(a)	Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.

(b)

Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. See Note 5.

Pension Benefits (Tables)

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

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



	Quarter ended						Year to date
	2019			2018			2019			2018
Service cost	$	1		$	2		$	3		$	4
Interest cost	10			9			20			18
Expected return on plan assets	(11		)	(11		)	(22		)	(21		)
Amortization of net loss	1			3			1			7
Amortization of prior service cost	1			2			2			3
Net periodic benefit cost	$	2		$	5		$	4		$	11

Additional loss recognized due to settlements^(a)	$	—		$	—		$	2		$	—


(a)	Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.

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

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings and Long-term Debt



Short-term Borrowings	6/30/2019			12/31/2018
Current maturities of long-term debt	$	331		$	331
Other	4			—
	335			331
Less current portion of debt issuance costs and discounts	(10		)	(10		)
Short-term borrowings	$	325		$	321

Long-term Debt
Securitization Notes	$	2,913		$	2,928
Subsidiary Senior Unsecured Notes	2,850			2,850
Revolving Facility	157			—
Term Loan A Facility	475			488
Term Loan B Facility	1,945			1,955
YUM Senior Unsecured Notes	1,875			1,875
Finance lease obligations	69			71
	$	10,284		$	10,167
Less debt issuance costs and discounts	(84		)	(85		)
Less current maturities of long-term debt	(331		)	(331		)
Long-term debt	$	9,869		$	9,751

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



	6/30/2019				12/31/2018
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes^(a)	$	2,913	$	3,048	$	2,928	$	2,967
Subsidiary Senior Unsecured Notes^(b)	2,850		2,972		2,850		2,733
Term Loan A Facility^(b)	475		474		488		479
Term Loan B Facility^(b)	1,945		1,946		1,955		1,915
YUM Senior Unsecured Notes^(b)	1,875		1,899		1,875		1,798


(a)	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. 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.

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2019

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 derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income:



	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
	2019			2018			2019			2018			2019			2018			2019			2018

Interest rate swaps	$	(43	)	$	(2	)	$	(5	)	$	(2	)	$	(70	)	$	16		$	(10	)	$	(3	)

Foreign currency contracts	(1		)	27			6			(24		)	10			11			(4		)	(12		)

Income tax benefit/(expense)	11			(1		)	—			2			16			(5		)	3			2

Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Short-term Borrowings and Long-term Debt



Short-term Borrowings	6/30/2019			12/31/2018
Current maturities of long-term debt	$	331		$	331
Other	4			—
	335			331
Less current portion of debt issuance costs and discounts	(10		)	(10		)
Short-term borrowings	$	325		$	321

Long-term Debt
Securitization Notes	$	2,913		$	2,928
Subsidiary Senior Unsecured Notes	2,850			2,850
Revolving Facility	157			—
Term Loan A Facility	475			488
Term Loan B Facility	1,945			1,955
YUM Senior Unsecured Notes	1,875			1,875
Finance lease obligations	69			71
	$	10,284		$	10,167
Less debt issuance costs and discounts	(84		)	(85		)
Less current maturities of long-term debt	(331		)	(331		)
Long-term debt	$	9,869		$	9,751

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



	6/30/2019				12/31/2018
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes^(a)	$	2,913	$	3,048	$	2,928	$	2,967
Subsidiary Senior Unsecured Notes^(b)	2,850		2,972		2,850		2,733
Term Loan A Facility^(b)	475		474		488		479
Term Loan B Facility^(b)	1,945		1,946		1,955		1,915
YUM Senior Unsecured Notes^(b)	1,875		1,899		1,875		1,798


(a)	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. 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

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	6/30/2019		12/31/2018
Assets
Interest Rate Swaps	Prepaid expenses and other current assets	2	$	10	$	21
Foreign Currency Contracts	Prepaid expenses and other current assets	2	—		5
Interest Rate Swaps	Other assets	2	6		29
Investment in Grubhub Common Stock	Other assets	1	218		214
Other Investments	Other assets	1	32		27

Liabilities
Foreign Currency Contracts	Accounts payable and other current liabilities	2	9		—
Interest Rate Swaps	Other liabilities and deferred credits	2	69		23
Foreign Currency Contracts	Other liabilities and deferred credits	2	—		24

Financial Statement Presentation (Details)	6 Months Ended
Financial Statement Presentation (Details)	Jun. 30, 2019 weeks Months operating_segments restaurants countries_and_territiories Rate
Number of Reportable Segments \| operating_segments	3
Number of Countries in which Entity Operates \| countries_and_territiories	145
Number of Stores \| restaurants	48,000
Percent Of System Units Located Outside United States \| Rate	98.00%
Fiscal Period Weeks Standard for U.S. subsidiaries and certain international subsidiaries	12
Fiscal Period Weeks Standard Fourth Quarter	16
Number of weeks in a standard year	52
Fiscal Period Weeks Standard Fourth Quarter of a 53rd Week Year for U.S. subsidiaries and certain international subsidiaries	17
Number of weeks in a 53rd week year	53
Fiscal period months standard for each quarter \| Months	3

Note 2. Lease Accounting Policy (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Operating Leased Assets [Line Items]

Operating Lease, Cost

$ 27

$ 56

Operating Lease, Payments

53

Operating Lease, Right-of-Use Asset

663

Capital Leases, Future Minimum Payments Due

$ 103

Capital Leases, Future Minimum Payments Due Thereafter

58

Operating Leases, Future Minimum Payments, Due Thereafter

384

Capital Leases, Future Minimum Payments Due in Five Years

8

Operating Leases, Future Minimum Payments, Due in Five Years

61

Capital Leases, Future Minimum Payments Due in Four Years

8

Operating Leases, Future Minimum Payments, Due in Four Years

71

Capital Leases, Future Minimum Payments Due in Three Years

9

Operating Leases, Future Minimum Payments, Due in Three Years

78

Capital Leases, Future Minimum Payments Due, Next Twelve Months

10

Finance Lease, Liability, Payments, Due Next Twelve Months

10

Operating Leases, Future Minimum Payments Due, Next Twelve Months

112

103

Finance Lease, Liability, Payments, Due Year Two

9

Operating Leases, Future Minimum Payments, Due in Rolling Year Two

103

Finance Lease, Liability, Payments, Due Year Three

9

Operating Leases, Future Minimum Payments, Due in Rolling Year Three

94

Capital Leases, Future Minimum Payments Due in Two Years

10

Operating Leases, Future Minimum Payments, Due in Two Years

89

Operating Leases, Future Minimum Payments Due

1,021

$ 786

Finance Lease, Liability, Payments, Due in Rolling Year Four

8

Operating Leases, Future Minimum Payments, Due in Rolling Year Four

85

Finance Lease, Liability, Payments, Due in Rolling Year Five

7

Operating Leases, Future Minimum Payments, Due in Rolling Year Five

79

Finance Lease, Liability, Payments, Due in Rolling after Year Five

53

Operating Leases, Future Minimum Payments, Due in Rolling after Year Five

548

Finance Lease, Liability, Payment, Due

96

Finance Lease, Interest Expense

(27)

Lessee, Operating Lease, Liability, Undiscounted Excess Amount

(294)

Finance Lease, Liability

69

Operating Lease, Liability

727

Finance Lease, Right-of-Use Asset

34

Lease Right of Use Asset

697

Operating Lease, Liability, Current

74

Finance Lease, Liability, Current

6

Operating Lease, Liability, Noncurrent

653

Finance Lease, Liability, Noncurrent

63

Total Lease Liability

^[1]

$ 796

Operating Lease, Weighted Average Remaining Lease Term

12 years 1 month 4 days

Finance Lease, Weighted Average Remaining Lease Term

11 years 11 months 2 days

Operating Lease, Weighted Average Discount Rate, Percent

5.50%

Finance Lease, Weighted Average Discount Rate, Percent

5.70%

Finance Lease, Interest Payment on Liability

$ 1

Finance Lease, Principal Payments

2

Finance Lease, Right-of-Use Asset, Amortization

$ 1

2

Finance Lease, Interest Expense

0

1

Lease, Cost

1

3

Sublease Income

(16)

(34)

Right-of-Use Asset Obtained in Exchange for Operating Lease Liability

29

Right-of-Use Asset Obtained in Exchange for Finance Lease Liability

3

UNITED STATES

Operating Leased Assets [Line Items]

Operating Lease, Right-of-Use Asset

282

Operating Lease, Liability

$ 333

[1]	(a) U.S. operating lease right-of-use assets and liabilities totaled $282 million and $333 million, respectively, as of June 30, 2019 and primarily related to Taco Bell U.S.

Note 2. Lease Accounting Policy Supplemental Balance Sheet Information Related to Leases (Details) $ in Millions	Jun. 30, 2019 USD ($)
Supplemental Balance Sheet Information Related to Leases [Line Items]
Operating Lease, Right-of-Use Asset	$ 663
Operating Lease, Weighted Average Remaining Lease Term	12 years 1 month 4 days
Finance Lease, Weighted Average Remaining Lease Term	11 years 11 months 2 days
Operating Lease, Liability	$ 727
UNITED STATES
Supplemental Balance Sheet Information Related to Leases [Line Items]
Operating Lease, Right-of-Use Asset	282
Operating Lease, Liability	$ 333

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

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Net Income - YUM! Brands, Inc.

$ 289

$ 321

$ 551

$ 754

Weighted-average common shares outstanding (for basic calculation)

307.0

324.0

307.0

328.0

Effect of dilutive share-based employee compensation

7.0

8.0

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

314.0

331.0

314.0

336.0

Basic EPS

$ 0.94

$ 0.99

$ 1.79

$ 2.30

Diluted EPS

$ 0.92

$ 0.97

$ 1.75

$ 2.25

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

^[1]

2.3

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
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+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Repurchase Of Shares Of Common Stock [Line Items]

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Shareholders' Deficit (Details) - USD ($)
shares in Thousands, $ in Millions

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Shares Repurchased

3,018

^[1]

14,147

^[2]

Dollar Value of Shares Repurchased

$ 302

^[1]

$ 1,171

^[2]

Remaining Dollar Value of Shares that may be Repurchased

804

Value of share repurchases with trade dates prior to current reporting date but with settlement dates subsequent to the current reporting date.

$ 2

$ 3

Number of shares repurchased with trade dates prior to current reporting date but with settlement dates subsequent to the current reporting date.

20

30

Value of shares repurchased with trade dates prior to the current reporting quarter, but settlement dates in the current quarter

$ 5

Number of shares repurchased with trade dates prior to the current reporting quarter, but settlement dates in the current quarter

50

November 2017 [Member]

Repurchase Of Shares Of Common Stock [Line Items]

Shares Repurchased

0

14,147

Dollar Value of Shares Repurchased

$ 0

$ 1,171

Remaining Dollar Value of Shares that may be Repurchased

$ 0

August 2018 [Member]

Repurchase Of Shares Of Common Stock [Line Items]

Shares Repurchased

3,018

0

Dollar Value of Shares Repurchased

$ 302

$ 0

Remaining Dollar Value of Shares that may be Repurchased

$ 804

[1]	Includes the effect of $2 million in share repurchases (0.02 million shares) with trade dates prior to June 30, 2019, but cash settlement dates subsequent to June 30, 2019 and excludes the effect of $5 million in share repurchases (0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018.
[2]	Includes the effect of $3 million in share repurchases (0.03 million shares) with trade dates prior to June 30, 2018, but cash settlement dates subsequent to June 30, 2018.

Shareholders' Deficit (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Shareholders' Deficit (Details 2) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of changes in accumulated comprehensive income [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification				$ 2
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (324)		(334)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	(58)		(39)
(Gains) losses reclassified from accumulated OCI, net of tax	2		(7)
Other comprehensive income (loss), net of tax	(56)	$ (67)	(46)	$ (13)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(380)		(380)
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Schedule of changes in accumulated comprehensive income [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	(215)		(245)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	(25)		5
(Gains) losses reclassified from accumulated OCI, net of tax	0		0
Other comprehensive income (loss), net of tax	(25)		5
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(240)		(240)
Pension and Post-Retirement Benefits
Schedule of changes in accumulated comprehensive income [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	(79)		(82)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	0		0
(Gains) losses reclassified from accumulated OCI, net of tax	1		4
Other comprehensive income (loss), net of tax	1		4
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(78)		(78)
Derivative Instruments
Schedule of changes in accumulated comprehensive income [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	(30)		(7)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	(33)		(44)
(Gains) losses reclassified from accumulated OCI, net of tax	1		(11)
Other comprehensive income (loss), net of tax	(32)		(55)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (62)		$ (62)

Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

26 Months Ended

48 Months Ended

54 Months Ended

Jun. 30, 2019

USD ($)

days

Years

$ / shares

shares

Mar. 31, 2019

USD ($)

restaurants

Jun. 30, 2018

USD ($)

restaurants

$ / shares

Jun. 30, 2019

USD ($)

days

Years

$ / shares

shares

Jun. 30, 2018

USD ($)

restaurants

$ / shares

Dec. 31, 2018

USD ($)

Jun. 30, 2019

USD ($)

days

Years

shares

Dec. 31, 2018

USD ($)

Jun. 30, 2019

USD ($)

days

Years

shares

Jan. 01, 2019

USD ($)

Net Cash Provided by (Used in) Investing Activities

$ (52.0)

$ (42.0)

Net Cash Provided by (Used in) Financing Activities

$ (492.0)

(1,579.0)

Investment Owned, Balance, Shares | shares

2.8

Net Cash Provided by (Used in) Operating Activities

$ 461.0

381.0

Costs associated with PH U.S. Acceleration Agreement

$ 5.0

$ 4.0

13.0

11.0

1,310.0

1,368.0

2,564.0

2,739.0

4,674.0

$ 4,130.0

$ 4,674.0

$ 4,130.0

$ 4,674.0

Proceeds from refranchising of restaurants

252.0

292.0

252.0

292.0

252.0

11.0

47.0

25.0

252.0

(4.0)

(29.0)

(10.0)

(185.0)

Interest Income (Expense), Net

198.0

208.0

409.0

427.0

119.0

112.0

234.0

219.0

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

377.0

357.0

676.0

866.0

Income tax provision

88.0

36.0

125.0

112.0

286.0

421.0

558.0

859.0

535.0

561.0

535.0

561.0

535.0

(335.0)

(354.0)

(335.0)

(354.0)

(335.0)

1,122.0

1,207.0

1,122.0

1,207.0

1,122.0

1,193.0

1,237.0

1,193.0

1,237.0

1,193.0

526.0

525.0

526.0

525.0

526.0

243.0

242.0

243.0

242.0

243.0

1,378.0

724.0

1,378.0

724.0

1,378.0

212.0

195.0

212.0

195.0

212.0

4,674.0

4,130.0

4,674.0

4,130.0

4,674.0

798.0

911.0

798.0

911.0

798.0

63.0

69.0

63.0

69.0

63.0

325.0

321.0

325.0

321.0

325.0

1,186.0

1,301.0

1,186.0

1,301.0

1,186.0

9,869.0

9,751.0

9,869.0

9,751.0

9,869.0

1,613.0

1,004.0

1,613.0

1,004.0

1,613.0

12,668.0

12,056.0

12,668.0

12,056.0

12,668.0

7,614.0

7,592.0

7,614.0

7,592.0

7,614.0

(380.0)

$ (324.0)

(380.0)

(334.0)

(380.0)

(334.0)

(380.0)

(7,994.0)

(7,926.0)

(7,994.0)

(7,926.0)

(7,994.0)

Cooperative Advertising Expense

38.0

40.0

81.0

87.0

315.0

274.0

616.0

546.0

Total costs and expenses, net

6.0

5.0

6.0

3.0

839.0

919.0

1,660.0

1,737.0

Other investment (income) expense, net

471.0

449.0

904.0

1,002.0

(25.0)

(23.0)

(9.0)

(89.0)

Other pension (income) expense

0.0

3.0

6.0

Earnings Per Share, Basic | $ / shares

$ 289.0

$ 321.0

$ 551.0

$ 754.0

$ 0.94

$ 0.99

$ 1.79

$ 2.30

Diluted Earnings Per Common Share | $ / shares

$ 0.92

$ 0.97

$ 1.75

$ 2.25

Equity Securities, FV-NI, Cost

$ 200.0

200.0

$ 200.0

Equity Securities, FV-NI, Unrealized Gain (Loss)

24.0

$ 25.0

4.0

$ 91.0

KFC Global Division [Member]

584.0

651.0

1,150.0

1,309.0

(4.0)

(42.0)

(6.0)

(99.0)

261.0

235.0

497.0

456.0

Unallocated [Member]

(4.0)

(29.0)

(10.0)

(185.0)

38.0

40.0

81.0

84.0

0.0

1.0

0.0

1.0

^[1]

2.0

1.0

3.0

2.0

Pizza Hut Global Division [Member]

^[2]

9.0

5.0

9.0

4.0

246.0

233.0

489.0

484.0

0.0

13.0

0.0

11.0

Taco Bell Global Division [Member]

96.0

81.0

193.0

169.0

480.0

484.0

925.0

946.0

0.0

(4.0)

(97.0)

General and Administrative Expense [Member] | Unallocated [Member]

159.0

149.0

297.0

$ 281.0

Restructuring and Related Cost, Incurred Cost

$ 1.0

Number of Restaurants Refranchised | restaurants

6

51

195

Franchise and property expenses [Member]

Costs associated with PH U.S. Acceleration Agreement

$ 2.0

$ 5.0

Franchise and property expenses [Member] | Unallocated and General and administrative expenses [Domain]

Costs associated with PH U.S. Acceleration Agreement

1.0

2.0

37.5

$ 82.0

Other Income and Expenses [Domain]

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

8.0

Interest Expense [Member]

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

2.0

Balances with Adoption of Topic 842 [Member]

$ 4,809.0

292.0

561.0

(344.0)

1,197.0

1,237.0

525.0

242.0

1,413.0

195.0

4,809.0

987.0

69.0

321.0

1,377.0

9,751.0

1,609.0

12,737.0

7,594.0

(334.0)

(7,928.0)

Product [Member]

359.0

512.0

692.0

1,024.0

Franchise [Member]

633.0

584.0

1,245.0

1,168.0

Advertising [Member]

Investment closing date [Member]

$ 318.0

272.0

$ 627.0

547.0

Time period shares are restricted from being transferred | Years

2

Termination of Master Services Agreement [Member]

Time period shares are restricted from being transferred | days

30

Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Maximum [Member]

Equipment [Member] | Franchise and property expenses [Member]

Jun. 12, 2020

Costs associated with KFC U.S. Acceleration Agreement

$ 1.0

2.0

$ 2.0

3.0

$ 125.0

Incremental Advertising [Member] | KFC Global Division [Member]

Costs associated with KFC U.S. Acceleration Agreement

$ 3.0

$ 5.0

2017 to 2018 [Domain] | Franchise and property expenses [Member] | Unallocated and General and administrative expenses [Domain]

Costs associated with PH U.S. Acceleration Agreement

90.0

2015 to 2019 [Member] | Equipment [Member] | Franchise and property expenses [Member]

Costs associated with KFC U.S. Acceleration Agreement

130.0

2015 to 2018 [Domain] | Incremental Advertising [Member] | KFC Global Division [Member]

Costs associated with KFC U.S. Acceleration Agreement

60.0

Previously Reported [Member]

4,130.0

292.0

561.0

(354.0)

1,207.0

1,237.0

525.0

242.0

724.0

195.0

4,130.0

911.0

69.0

321.0

1,301.0

9,751.0

1,004.0

12,056.0

7,592.0

(334.0)

Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Other Assets [Member]

(7,926.0)

Equity Securities, FV-NI

$ 218.0

$ 214.0

$ 218.0

$ 214.0

$ 218.0

Accounting Standards Update 2016-02 [Member]

679.0

0.0

0.0

10.0

(10.0)

0.0

0.0

0.0

689.0

0.0

679.0

76.0

0.0

0.0

76.0

0.0

605.0

681.0

2.0

0.0

Accounting Standards Update 2016-02 [Member] | Lease Right of Use Asset [Member]

(2.0)

Present Value of Operating Lease Payments [Member] | Accounting Standards Update 2016-02 [Member]

690.0

83.0

Write off impact of recognizing rent expense on straight line basis [Member] | Accounting Standards Update 2016-02 [Member]

661.0

7.0

Write off of prepaid rent recorded under Legacy GAAP [Member] | Accounting Standards Update 2016-02 [Member]

56.0

(11.0)

Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets

$ 1.0

[1]	Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.
[2]	Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. See Note 5.

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Other (Income) Expense (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other Income and Expenses [Line Items]
Other (income) expense	$ 6	$ 5	$ 6	$ 3

Supplemental Balance Sheet Information (Details) $ in Millions	Jun. 30, 2019 USD ($) days	Dec. 31, 2018 USD ($)
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	$ 580	$ 592
Allowance for doubtful accounts	(45)	(31)
Accounts and notes receivable, net	$ 535	$ 561

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

Jun. 30, 2019

Dec. 31, 2018

Jun. 30, 2018

Dec. 31, 2017

$ 252

$ 292

Property, plant and equipment, gross

2,328

2,353

Accumulated depreciation and amortization

(1,135)

(1,116)

Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows

1,193

1,237

389

474

$ 409

$ 1,668

Prepaid expenses and other current assets [Member]

Restricted Cash and Cash Equivalents

^[1]

112

151

Assets held for sale

24

0

Other Current Assets [Member]

Restricted Cash and Cash Equivalents

^[2]

$ 25

$ 31

[1]	Restricted cash within Prepaid expenses and other current assets reflects Taco Bell Securitization interest reserves and the cash related to advertising cooperatives that we consolidate that can only be used to settle obligations of the respective cooperatives.
[2]	Primarily trust accounts related to our self-insurance program.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		54 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019
Tax Adjustments, Settlements, and Unusual Provisions				$ 19
Income Tax And Effective Tax Rate [Abstract]
Effective tax rate	23.30%	9.90%	18.50%	12.90%
Equipment [Member] \| Franchise and property expenses [Member]
Costs associated with KFC U.S. Acceleration Agreement	$ 1	$ 2	$ 2	$ 3	$ 125

Revenue Recognition Accounting Policy (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues	$ 1,310	$ 1,368	$ 2,564	$ 2,739
Product [Member]
Revenues	359	512	692	1,024
Franchise [Member]
Revenues	633	584	1,245	1,168
Advertising [Member]
Revenues	318	272	627	547
CHINA \| Franchise [Member]
Revenues	67	64	138	134
Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	16	18	35	38
Other, Outside the U.S. and China [Member] \| Product [Member]
Revenues	124	233	240	472
Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenues	285	264	556	522
Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenues	128	113	257	230
UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	17	12	35	24
UNITED STATES \| Product [Member]
Revenues	235	279	452	552
UNITED STATES \| Franchise [Member]
Revenues	248	226	481	450
UNITED STATES \| Advertising [Member]
Revenues	190	159	370	317
KFC Global Division [Member]
Revenues	584	651	1,150	1,309
KFC Global Division [Member] \| CHINA \| Franchise [Member]
Revenues	52	49	108	103
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	16	18	34	37
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Product [Member]
Revenues	117	225	226	453
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenues	218	198	423	388
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenues	114	98	230	202
KFC Global Division [Member] \| UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	5	5	11	11
KFC Global Division [Member] \| UNITED STATES \| Product [Member]
Revenues	18	16	34	33
KFC Global Division [Member] \| UNITED STATES \| Franchise [Member]
Revenues	41	40	79	78
KFC Global Division [Member] \| UNITED STATES \| Advertising [Member]
Revenues	3	2	5	4
Pizza Hut Global Division [Member]
Revenues	246	233	489	484
Pizza Hut Global Division [Member] \| CHINA \| Franchise [Member]
Revenues	15	15	30	31
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	0	0	1	1
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Product [Member]
Revenues	6	7	12	17
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenues	60	61	120	123
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenues	14	15	27	28
Pizza Hut Global Division [Member] \| UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	1	1	3	2
Pizza Hut Global Division [Member] \| UNITED STATES \| Product [Member]
Revenues	5	11	10	25
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise [Member]
Revenues	67	63	134	132
Pizza Hut Global Division [Member] \| UNITED STATES \| Advertising [Member]
Revenues	78	60	152	125
Taco Bell Global Division [Member]
Revenues	480	484	925	946
Taco Bell Global Division [Member] \| CHINA \| Franchise [Member]
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Product [Member]
Revenues	1	1	2	2
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenues	7	5	13	11
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	11	6	21	11
Taco Bell Global Division [Member] \| UNITED STATES \| Product [Member]
Revenues	212	252	408	494
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise [Member]
Revenues	140	123	268	240
Taco Bell Global Division [Member] \| UNITED STATES \| Advertising [Member]
Revenues	$ 109	$ 97	$ 213	$ 188

Revenue Recognition Accounting Policy (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total Revenues	$ 1,310	$ 1,368	$ 2,564	$ 2,739
KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	584	651	1,150	1,309
Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	246	233	489	484
Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	480	484	925	946
UNITED STATES
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	17	12	35	24
UNITED STATES \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	5	5	11	11
UNITED STATES \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	1	1	3	2
UNITED STATES \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	11	6	21	11
Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	16	18	35	38
Other, Outside the U.S. and China [Member] \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	16	18	34	37
Other, Outside the U.S. and China [Member] \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	0	0	1	1
Other, Outside the U.S. and China [Member] \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	0	0	0	0
Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	359	512	692	1,024
Product [Member] \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	235	279	452	552
Product [Member] \| UNITED STATES \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	18	16	34	33
Product [Member] \| UNITED STATES \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	5	11	10	25
Product [Member] \| UNITED STATES \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	212	252	408	494
Product [Member] \| Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Revenues	124	233	240	472
Product [Member] \| Other, Outside the U.S. and China [Member] \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	117	225	226	453
Product [Member] \| Other, Outside the U.S. and China [Member] \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	6	7	12	17
Product [Member] \| Other, Outside the U.S. and China [Member] \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	1	1	2	2
Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues	633	584	1,245	1,168
Franchise [Member] \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	248	226	481	450
Franchise [Member] \| UNITED STATES \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	41	40	79	78
Franchise [Member] \| UNITED STATES \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	67	63	134	132
Franchise [Member] \| UNITED STATES \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	140	123	268	240
Franchise [Member] \| CHINA
Disaggregation of Revenue [Line Items]
Revenues	67	64	138	134
Franchise [Member] \| CHINA \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	52	49	108	103
Franchise [Member] \| CHINA \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	15	15	30	31
Franchise [Member] \| CHINA \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Franchise [Member] \| Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Revenues	285	264	556	522
Franchise [Member] \| Other, Outside the U.S. and China [Member] \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	218	198	423	388
Franchise [Member] \| Other, Outside the U.S. and China [Member] \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	60	61	120	123
Franchise [Member] \| Other, Outside the U.S. and China [Member] \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	7	5	13	11
Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	318	272	627	547
Advertising [Member] \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	190	159	370	317
Advertising [Member] \| UNITED STATES \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	3	2	5	4
Advertising [Member] \| UNITED STATES \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	78	60	152	125
Advertising [Member] \| UNITED STATES \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	109	97	213	188
Advertising [Member] \| Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Revenues	128	113	257	230
Advertising [Member] \| Other, Outside the U.S. and China [Member] \| KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	114	98	230	202
Advertising [Member] \| Other, Outside the U.S. and China [Member] \| Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	14	15	27	28
Advertising [Member] \| Other, Outside the U.S. and China [Member] \| Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Revenue Recognition Accounting Policy (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total Revenues	$ 1,310	$ 1,368	$ 2,564	$ 2,739
Deferred Revenue	$ 419		419		$ 414
Deferred Revenue, Revenue Recognized			(33)
Deferred Revenue, Additions			$ 38

Revenue Recognition Accounting Policy (Details 4) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 419		$ 419		$ 414
Revenues	1,310	$ 1,368	2,564	$ 2,739
1 year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	61		61
2 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	57		57
3 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	52		52
4 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	48		48
5 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	43		43
Thereafter 5 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	158		158
Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	359	512	692	1,024
Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	633	584	1,245	1,168
Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	318	272	627	547
UNITED STATES \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	235	279	452	552
UNITED STATES \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	248	226	481	450
UNITED STATES \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	190	159	370	317
China Division [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	67	64	138	134
Other, Outside the U.S. and China [Member] \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	124	233	240	472
Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	285	264	556	522
Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	128	113	257	230
Pizza Hut Global Division [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	246	233	489	484
Pizza Hut Global Division [Member] \| UNITED STATES \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	5	11	10	25
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	67	63	134	132
Pizza Hut Global Division [Member] \| UNITED STATES \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	78	60	152	125
Pizza Hut Global Division [Member] \| China Division [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	15	15	30	31
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	6	7	12	17
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	60	61	120	123
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	14	15	27	28
Taco Bell Global Division [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	480	484	925	946
Taco Bell Global Division [Member] \| UNITED STATES \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	212	252	408	494
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	140	123	268	240
Taco Bell Global Division [Member] \| UNITED STATES \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	109	97	213	188
Taco Bell Global Division [Member] \| China Division [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	1	1	2	2
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	7	5	13	11
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	0	0	0	0
KFC Global Division [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	584	651	1,150	1,309
KFC Global Division [Member] \| UNITED STATES \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	18	16	34	33
KFC Global Division [Member] \| UNITED STATES \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	41	40	79	78
KFC Global Division [Member] \| UNITED STATES \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	3	2	5	4
KFC Global Division [Member] \| China Division [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	52	49	108	103
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	117	225	226	453
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	218	198	423	388
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	$ 114	$ 98	$ 230	$ 202

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

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

$ 38

$ 40

$ 81

$ 87

Other investment (income) expense, net

471

449

904

1,002

(25)

(23)

(9)

(89)

(4)

(29)

(10)

(185)

Cooperative Advertising Expense

(6)

(5)

(6)

(3)

315

274

616

546

198

208

409

427

Other pension income (expense)

286

421

558

859

0

(3)

(6)

Interest Income (Expense), Net

(119)

(112)

(234)

(219)

Income Before Income Taxes

377

357

676

866

KFC Global Division [Member]

261

235

497

456

Pizza Hut Global Division [Member]

(4)

(42)

(6)

(99)

96

81

193

169

Taco Bell Global Division [Member]

0

13

0

11

159

149

297

281

0

(4)

(97)

Unallocated [Member]

^[1]

2

1

3

2

(4)

(29)

(10)

(185)

^[2]

(9)

(5)

(9)

(4)

38

40

81

84

$ 0

$ 1

$ 0

$ 1

[1]	Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.
[2]	Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. See Note 5.

Pension Benefits (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Payment for Pension Benefits

$ 11

$ 5

UNITED STATES

Net periodic benefit cost

$ 2

$ 5

4

11

UNITED STATES | General and Administrative Expense [Member]

UNITED STATES | Other pension (income) expense [Member]

Service cost

1

2

3

4

Expected return on plan assets

Interest cost

10

9

20

18

(11)

(22)

(21)

Amortization of net loss

1

3

1

7

Amortization of prior service cost

1

2

3

Additional loss (gain) recognized due to settlements

^[1]

$ 0

$ 2

$ 0

[1]	Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.

Short-term Borrowings and Long-term Debt (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Short-term Borrowings and Long-term Debt [Line Items]

Capital lease obligations

$ 69

$ 71

Long-term debt and capital less obligations, including current maturities and debt issuance costs

10,284

10,167

Less Debt Issuance Costs, Noncurrent, Net

(84)

(85)

Less current maturities of long-term debt

(331)

Other Short-term Borrowings

4

0

Short-term Debt, excluding debt issuance costs

335

331

9,869

9,751

Less current portion of debt issuance costs and discounts

325

321

(10)

Interest Income (Expense), Net

(119)

$ (112)

(234)

$ (219)

Interest Paid, Including Capitalized Interest, Operating and Investing Activities

253

$ 236

Unsecured Debt [Member] | Existing [Member]

Short-term Borrowings and Long-term Debt [Line Items]

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

1,875

Short-term Borrowings and Long-term Debt [Line Items]

Short-term Borrowings and Long-term Debt [Line Items]

^[1]

2,850

Secured Debt [Member]

Secured Debt [Member] | Securitization Notes [Member]

2,913

2,928

Short-term Borrowings and Long-term Debt [Line Items]

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

^[2]

2,913

2,928

Short-term Borrowings and Long-term Debt [Line Items]

Long-term Debt

^[1]

475

488

Secured Debt [Member] | Revolving Credit Facility [Member]

Short-term Borrowings and Long-term Debt [Line Items]

Long-term Line of Credit

157

0

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

Short-term Borrowings and Long-term Debt [Line Items]

Long-term Debt

$ 1,945

$ 1,955

^[1]

[1]	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.
[2]	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets.

Derivative Instruments (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Other investment (income) expense, net

$ (25)

$ (23)

$ (9)

$ (89)

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

Long-term Debt

1,945

$ 1,955

^[1]

Cash Flow Hedging [Member]

Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months

$ 6

Cash Flow Hedging [Member] | Forward-starting interest rate swap [Member]

Derivative, Notional Amount

Mar. 29, 2025

$ 1,500

1,500

0

Cash Flow Hedging [Member] | Interest Rate Swap [Member]

Derivative, Notional Amount

Jul. 27, 2021

$ 1,550

1,550

0

Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net

0

Intercompany receivables and payables [Domain] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]

Derivative, Notional Amount

$ 456

Minimum [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]

Maximum [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]

Nov. 25, 2019

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

Jun. 12, 2020

[1]	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.

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Derivative Instruments (Details 2) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (44)	$ 25	$ (60)	$ 27
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1	(26)	(14)	(15)
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	0	2	3	2
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	11	(1)	16	(5)
Interest Rate Swap [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(43)	(2)	(70)	16
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(5)	(2)	(10)	(3)
Foreign Exchange Contract [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(1)	27	10	11
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 6	$ (24)	$ (4)	$ (12)

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

Jun. 30, 2019

Dec. 31, 2018

Fair Value, Assets, Level 1 to Level 2 Transfers, Amount

$ 0

Fair Value, Assets, Level 2 to Level 1 Transfers, Amount

0

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

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

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

^[1]

2,850

$ 2,850

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

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

^[1]

2,972

2,733

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

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

^[1]

1,875

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

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

^[1]

1,899

1,798

Secured Debt [Member]

Secured Debt [Member] | Securitization Notes [Member]

2,913

2,928

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

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

^[2]

2,913

2,928

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

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

^[2]

3,048

2,967

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

Debt obligations, excluding capital leases, carrying amount

^[1]

475

488

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]

^[1]

474

479

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

Debt obligations, excluding capital leases, carrying amount

1,945

1,955

^[1]

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]