2015 Q4 Form 10-K Financial Statement

#000104106117000016 Filed on February 22, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue -$2.736B $3.427B $3.105B
YoY Change 1.52% 2.18% -3.09%
Cost Of Revenue -$1.623B $2.429B $2.248B
YoY Change -0.06% -1.34% -3.52%
Gross Profit -$1.113B $998.0M $857.0M
YoY Change 3.92% 11.88% -1.95%
Gross Profit Margin 29.12% 27.6%
Selling, General & Admin -$1.073B $1.199B $1.158B
YoY Change 2.98% 0.59% -1.53%
% of Gross Profit 120.14% 135.12%
Research & Development $0.00
YoY Change
% of Gross Profit 0.0%
Depreciation & Amortization -$186.0M $179.0M $187.0M
YoY Change 7.51% -1.1% 3.89%
% of Gross Profit 17.94% 21.82%
Operating Expenses -$1.048B $1.199B $1.158B
YoY Change 3.05% 0.59% -1.53%
Operating Profit -$65.00M $603.0M $371.0M
YoY Change 20.37% 9.64% -22.55%
Interest Expense -$74.00M -$29.00M -$27.00M
YoY Change -10.84% 52.63% 28.57%
% of Operating Profit -4.81% -7.28%
Other Income/Expense, Net -$40.00M
YoY Change
Pretax Income -$128.0M $571.0M $338.0M
YoY Change -5.88% 9.39% -24.89%
Income Tax -$31.00M $145.0M $102.0M
% Of Pretax Income 25.39% 30.18%
Net Earnings $265.0M $421.0M $235.0M
YoY Change -408.14% 4.21% -29.64%
Net Earnings / Revenue 12.28% 7.57%
Basic Earnings Per Share $0.97 $0.54
Diluted Earnings Per Share $604.3K $0.95 $0.53
COMMON SHARES
Basic Shares Outstanding 431.2M shares 436.0M shares 437.0M shares
Diluted Shares Outstanding 444.0M shares 445.0M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $313.0M $861.0M $636.0M
YoY Change -45.85% -14.84% -23.47%
Cash & Equivalents $737.0M $861.0M $636.0M
Short-Term Investments
Other Short-Term Assets $241.0M $248.0M $276.0M
YoY Change -5.12% 9.73% 19.48%
Inventory $229.0M $230.0M $279.0M
Prepaid Expenses
Receivables $324.0M $355.0M $350.0M
Other Receivables $39.00M $0.00 $0.00
Total Short-Term Assets $1.687B $1.919B $1.729B
YoY Change 8.63% -7.29% -8.13%
LONG-TERM ASSETS
Property, Plant & Equipment $4.189B $4.263B $4.372B
YoY Change -6.87% -4.84% -1.2%
Goodwill $656.0M $674.0M $684.0M
YoY Change -6.29% -23.93% -21.83%
Intangibles $271.0M $287.0M $294.0M
YoY Change -14.78% -53.86% -52.2%
Long-Term Investments $53.00M $39.00M
YoY Change -8.62% -20.41%
Other Assets $521.0M $547.0M $554.0M
YoY Change -6.96% -2.5% -0.54%
Total Long-Term Assets $6.374B $6.387B $6.565B
YoY Change -6.0% -10.13% -5.24%
TOTAL ASSETS
Total Short-Term Assets $1.687B $1.919B $1.729B
Total Long-Term Assets $6.374B $6.387B $6.565B
Total Assets $8.061B $8.306B $8.294B
YoY Change -3.28% -9.49% -5.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $616.0M $1.811B $1.881B
YoY Change -11.24% 2.26% 2.45%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $921.0M $566.0M $568.0M
YoY Change 244.94% 686.11% 711.43%
Long-Term Debt Due $312.0M $566.0M $568.0M
YoY Change 18.18% 686.11% 711.43%
Total Short-Term Liabilities $3.087B $2.642B $2.689B
YoY Change 28.14% 25.09% 24.9%
LONG-TERM LIABILITIES
Long-Term Debt $3.007B $2.651B $2.831B
YoY Change -2.27% -20.03% -8.53%
Other Long-Term Liabilities $958.0M $1.120B $1.141B
YoY Change -22.99% -2.27% -4.92%
Total Long-Term Liabilities $958.0M $1.120B $1.141B
YoY Change -22.99% -2.27% -4.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.087B $2.642B $2.689B
Total Long-Term Liabilities $958.0M $1.120B $1.141B
Total Liabilities $7.086B $6.413B $6.661B
YoY Change 5.43% -2.43% 3.3%
SHAREHOLDERS EQUITY
Retained Earnings $1.150B $2.079B $1.726B
YoY Change -33.79% -15.56% -23.56%
Common Stock $0.00 $8.000M $0.00
YoY Change 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $911.0M $1.825B $1.569B
YoY Change
Total Liabilities & Shareholders Equity $8.061B $8.306B $8.294B
YoY Change -3.28% -9.49% -5.86%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $265.0M $421.0M $235.0M
YoY Change -408.14% 4.21% -29.64%
Depreciation, Depletion And Amortization -$186.0M $179.0M $187.0M
YoY Change 7.51% -1.1% 3.89%
Cash From Operating Activities -$557.0M $870.0M $431.0M
YoY Change 41.01% 64.77% -16.15%
INVESTING ACTIVITIES
Capital Expenditures $200.0M -$238.0M -$177.0M
YoY Change 36.05% -3.64% -25.0%
Acquisitions
YoY Change
Other Investing Activities $123.0M $68.00M $21.00M
YoY Change -64.76% -215.25% -110.0%
Cash From Investing Activities $323.0M -$170.0M -$156.0M
YoY Change -34.88% -44.44% -65.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00M -443.0M -330.0M
YoY Change -54.25% 189.54% 68.37%
NET CHANGE
Cash From Operating Activities -557.0M 870.0M 431.0M
Cash From Investing Activities 323.0M -170.0M -156.0M
Cash From Financing Activities -70.00M -443.0M -330.0M
Net Change In Cash -304.0M 257.0M -55.00M
YoY Change 484.62% 272.46% -57.03%
FREE CASH FLOW
Cash From Operating Activities -$557.0M $870.0M $431.0M
Capital Expenditures $200.0M -$238.0M -$177.0M
Free Cash Flow -$757.0M $1.108B $608.0M
YoY Change 39.67% 42.97% -18.93%

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CY2016 us-gaap Nature Of Operations
NatureOfOperations
Description of Business<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">YUM! Brands, Inc. and its Subsidiaries (collectively referred to herein as “YUM” or the “Company”) comprise the worldwide operations of KFC, Pizza Hut and Taco Bell (collectively the “Concepts”).  YUM has over </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>43,500</span></span><span style="font-family:inherit;font-size:10pt;"> units of which </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>58%</span></span><span style="font-family:inherit;font-size:10pt;"> are located outside the U.S. in more than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>135</span></span><span style="font-family:inherit;font-size:10pt;"> countries and territories.  YUM was created as an independent, publicly-owned company on October 6, 1997 via a tax-free distribution by our former parent, PepsiCo, Inc., of our Common Stock to its shareholders.  References to YUM throughout these Consolidated Financial Statements are made using the first person notations of “we,” “us” or “our.”</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Through our widely-recognized Concepts, we develop, operate or franchise a system of both traditional and non-traditional quick service restaurants.  The terms "franchise" or "franchisee" within these Consolidated Financial Statements are meant to describe third parties that operate units under either franchise or license agreements. Each Concept has proprietary menu items and emphasizes the preparation of food with high quality ingredients as well as unique recipes and special seasonings to provide appealing, convenient, tasty and attractive food at competitive prices.  Our traditional restaurants feature dine-in, carryout and, in some instances, drive-thru or delivery service.  Non-traditional units include express units and kiosks which have a more limited menu and operate in non-traditional locations like malls, airports, gasoline service stations, train stations, subways, convenience stores, stadiums, amusement parks and colleges, where a full-scale traditional outlet would not be practical or efficient.  We also operate multibrand units, where two or more of our Concepts are operated in a single unit.  </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;">, YUM consisted of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>three</span></span><span style="font-family:inherit;font-size:10pt;"> operating segments:  </span></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The KFC Division which includes our worldwide operations of the KFC concept</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Taco Bell Division which includes our worldwide operations of the Taco Bell concept </span></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective January 2016, the Company's India Division was segmented by brand, integrated into the global KFC, Pizza Hut and Taco Bell Divisions, and is no longer a separate operating segment. While our consolidated results were not impacted, we have restated our historical segment information for consistent presentation. Integrating India into our Brand Divisions increased 2015 Total revenues for the KFC, Pizza Hut and Taco Bell Divisions by </span><span style="font-family:inherit;font-size:10pt;"><span>$105 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$3 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. 2015 Operating Profit decreased by </span><span style="font-family:inherit;font-size:10pt;"><span>$16 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$3 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the KFC and Taco Bell Divisions, respectively, and increased less than </span><span style="font-family:inherit;font-size:10pt;"><span>$1 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the Pizza Hut Division. Integrating India into our Brand Divisions increased 2014 Total revenues for the KFC, Pizza Hut and Taco Bell Divisions by </span><span style="font-family:inherit;font-size:10pt;"><span>$128 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$11 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$2 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. 2014 Operating Profit decreased by </span><span style="font-family:inherit;font-size:10pt;"><span>$6 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$1 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$2 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the KFC, Pizza Hut and Taco Bell Divisions, respectively.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On October 31, 2016 (the “Distribution Date”), we completed the spin-off of our China business (the "Separation") into an independent, publicly-traded company under the name of Yum China Holdings, Inc. (“Yum China”). On the Distribution Date, we distributed to each of our shareholders of record as of the close of business on October 19, 2016 (the “Record Date”) one share of Yum China common stock for each share of our Common Stock held as of the Record Date. The distribution was structured to be a tax free distribution to our U.S. shareholders for federal income tax purposes in the United States. Yum China’s common stock now trades on the New York Stock Exchange ("NYSE") under the symbol “YUMC.” After the distribution, we do not beneficially own any shares of Yum China common stock.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Concurrent with the Separation, a subsidiary of the Company entered into a Master License Agreement with a subsidiary of Yum China for the exclusive right to use and sublicense the use of intellectual property owned by YUM and its affiliates for the development and operation of KFC, Pizza Hut and Taco Bell restaurants in China. Prior to the Separation, our operations in mainland China were reported in our former China Division segment results. As a result of the Separation, the results of operations, assets and liabilities, and cash flows of the separated business are presented as discontinued operations in our Consolidated Statements of Income, Consolidated Balance Sheets and Consolidated Statements of Cash Flows for all periods presented. See additional information related to the impact of the Separation in Note 4.
CY2016Q4 us-gaap Number Of Stores
NumberOfStores
43500 restaurants
CY2016Q4 yum Percent Of System Units Located Outside United States
PercentOfSystemUnitsLocatedOutsideUnitedStates
0.58
CY2016Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
135
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 operating_segments
CY2016Q4 yum Future Lease Payments Due From Franchisees On Nominal Basis
FutureLeasePaymentsDueFromFranchiseesOnNominalBasis
250000000 USD
CY2016 us-gaap Fiscal Period
FiscalPeriod
Fiscal Year.<span style="font-family:inherit;font-size:10pt;">  Our fiscal years have historically ended on the last Saturday in December and, as a result, a </span><span style="font-family:inherit;font-size:10pt;"><span>53</span></span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">rd</sup></span><span style="font-family:inherit;font-size:10pt;"> week was added every </span><span style="font-family:inherit;font-size:10pt;"><span>five or six</span></span><span style="font-family:inherit;font-size:10pt;"> years.  The first three quarters of each fiscal year consisted of </span><span style="font-family:inherit;font-size:10pt;"><span>12</span></span><span style="font-family:inherit;font-size:10pt;"> weeks and the fourth quarter consisted of </span><span style="font-family:inherit;font-size:10pt;"><span>16</span></span><span style="font-family:inherit;font-size:10pt;"> weeks in fiscal years with 52 weeks and </span><span style="font-family:inherit;font-size:10pt;"><span>17</span></span><span style="font-family:inherit;font-size:10pt;"> weeks in fiscal years with 53 weeks.  Our U.S. subsidiaries and certain international subsidiaries operated on similar fiscal calendars. Our remaining international subsidiaries operated on a monthly calendar, and thus never had a </span><span style="font-family:inherit;font-size:10pt;"><span>53</span></span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">rd</sup></span><span style="font-family:inherit;font-size:10pt;"> week, with two months in the first quarter, three months in the second and third quarters and four months in the fourth quarter.  Certain international subsidiaries within our KFC, Pizza Hut and Taco Bell divisions have historically closed approximately one month or one period earlier to facilitate consolidated reporting. </span><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Fiscal year 2016 included 53 weeks for YUM, our U.S. businesses and for our international subsidiaries that report on a period calendar. The 53</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">rd </sup></span><span style="font-family:inherit;font-size:10pt;">week added </span><span style="font-family:inherit;font-size:10pt;"><span>$76 million</span></span><span style="font-family:inherit;font-size:10pt;"> to Total revenues and </span><span style="font-family:inherit;font-size:10pt;"><span>$27 million</span></span> to Operating Profit in our 2016 Consolidated Statement of Income.
CY2016 yum Fiscal Period Adjustment
FiscalPeriodAdjustment
53
CY2016 yum Fiscal Period Adjustment Frequency
FiscalPeriodAdjustmentFrequency
five or six
yum Fiscal Period Weeks Standard
FiscalPeriodWeeksStandard
12 weeks
yum Fiscal Period Weeks Standard Fourth Quarter
FiscalPeriodWeeksStandardFourthQuarter
16 weeks
yum Fiscal Period Weeks Adjusted Fourth Quarter
FiscalPeriodWeeksAdjustedFourthQuarter
17 weeks
CY2016 yum Fiscal Period Adjustment
FiscalPeriodAdjustment
53
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications. <span style="font-family:inherit;font-size:10pt;">We have reclassified certain items in the Consolidated Financial Statements for prior periods to be comparable with the classification for the fiscal year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2016</span>. These reclassifications had no effect on previously reported Net Income.
CY2016 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
Guarantees.  We recognize, at inception of a guarantee, a liability for the fair value of certain obligations undertaken.  The majority of our guarantees are issued as a result of assigning our interest in obligations under operating leases as a condition to the refranchising of certain Company restaurants.  We recognize a liability for the fair value of such lease guarantees upon refranchising and upon subsequent renewals of such leases when we remain contingently liable.  The related expense and any subsequent changes are included in Refranchising (gain) loss.  Any expense and subsequent changes in the guarantees for other franchise support guarantees not associated with a refranchising transaction are included in Franchise and license expense.
CY2016 yum Period Within Date Of Corresponding Sales In Which Trade Receivables Are Classified As Accounts And Notes Receivable
PeriodWithinDateOfCorrespondingSalesInWhichTradeReceivablesAreClassifiedAsAccountsAndNotesReceivable
30 days
CY2016 yum Reclassificationof Retained Earningsto Common Stockfor Share Repurchase
ReclassificationofRetainedEarningstoCommonStockforShareRepurchase
5399000000 USD
CY2015 yum Reclassificationof Retained Earningsto Common Stockfor Share Repurchase
ReclassificationofRetainedEarningstoCommonStockforShareRepurchase
1124000000 USD
CY2014 yum Reclassificationof Retained Earningsto Common Stockfor Share Repurchase
ReclassificationofRetainedEarningstoCommonStockforShareRepurchase
725000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
1619000000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
1293000000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
1051000000 USD
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
394000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
436000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
444000000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
400000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
443000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
453000000 shares
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.11
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.97
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.37
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.04
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.92
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.32
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5000000.0 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4500000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5500000 shares
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
141000000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-23000000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
16000000 USD
CY2016 us-gaap Business Exit Costs1
BusinessExitCosts1
-1000000 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
15000000 USD
CY2015 us-gaap Business Exit Costs1
BusinessExitCosts1
-2000000 USD
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
17000000 USD
CY2014 us-gaap Business Exit Costs1
BusinessExitCosts1
3000000 USD
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
15000000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
65000000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
312000000 USD
CY2016Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
9000000 USD
CY2015Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
9000000 USD
CY2016Q4 yum Shortterm Debtincludingdebtissuancecosts
ShorttermDebtincludingdebtissuancecosts
74000000 USD
CY2015Q4 yum Shortterm Debtincludingdebtissuancecosts
ShorttermDebtincludingdebtissuancecosts
921000000 USD
CY2016Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
8000000 USD
CY2015Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
0 USD
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
66000000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
921000000 USD
CY2016Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
121000000 USD
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
134000000 USD
CY2016Q4 yum Longtermdebtandcapitallessobligationsincludingcurrentmaturitiesanddebtissuancecosts
Longtermdebtandcapitallessobligationsincludingcurrentmaturitiesanddebtissuancecosts
9205000000 USD
CY2015Q4 yum Longtermdebtandcapitallessobligationsincludingcurrentmaturitiesanddebtissuancecosts
Longtermdebtandcapitallessobligationsincludingcurrentmaturitiesanddebtissuancecosts
3335000000 USD
CY2016Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
79000000 USD
CY2015Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
16000000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
65000000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
312000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
9061000000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3007000000 USD
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
121000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
64000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
393000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
324000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1215000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
760000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
6337000000 USD
CY2016Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9093000000 USD
CY2016 us-gaap Interest Expense Debt
InterestExpenseDebt
333000000 USD
CY2015 us-gaap Interest Expense Debt
InterestExpenseDebt
153000000 USD
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
151000000 USD
CY2016Q4 yum Approximate Number Of Restaurants Operated
ApproximateNumberOfRestaurantsOperated
2800
CY2016Q4 yum Approximate Number Of Restaurants Operated On Leased Land And Or Buildings
ApproximateNumberOfRestaurantsOperatedOnLeasedLandAndOrBuildings
2000
CY2016Q4 yum Maximum Duration Of Lease Commitments From Inception
MaximumDurationOfLeaseCommitmentsFromInception
20 Years
CY2016Q4 yum Approximatenumberofunitsleasedorsubleasedtofranchisees
Approximatenumberofunitsleasedorsubleasedtofranchisees
700
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
16000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
171000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable Current
CapitalLeasesFutureMinimumPaymentsReceivableCurrent
3000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
40000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
16000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
148000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Two Years
CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears
2000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
36000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
15000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
128000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Three Years
CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears
2000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
30000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
15000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
101000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Four Years
CapitalLeasesFutureMinimumPaymentsReceivableInFourYears
2000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
23000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
14000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
85000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Five Years
CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears
1000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
20000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
105000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
571000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable Due Thereafter
CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter
5000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
86000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
181000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1204000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
15000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
235000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
121000000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
134000000 USD
CY2016Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome
2000000 USD
CY2016 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
79000000 USD
CY2015 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
73000000 USD
CY2014 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
83000000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
213000000 USD
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
221000000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
243000000 USD
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
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29000000 USD
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15942000 shares
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45000000 USD
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19000000 USD
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300000 USD
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2100000000 USD
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27000000 USD
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674000000 USD
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1221000000 USD
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321000000 USD
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2243000000 USD
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87000000 USD
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89000000 USD
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500000 USD
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1100000 USD
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100000 USD
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0.46
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0.64
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2.97
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0.81
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0.53
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0.95
us-gaap Earnings Per Share Diluted
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0.63
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2.92
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53000000 USD
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21000000 USD
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64000000 USD
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21000000 USD
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41000000 USD

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