2015 Q4 Form 10-K Financial Statement
#000104106117000016 Filed on February 22, 2017
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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|
113000000 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
48000000 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
32000000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
23000000 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
8000000 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
41000000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
23000000 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
|
40000000 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
|
-9000000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
|
0 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
-16000000 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
1000000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
0 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
24000000 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-8000000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
0 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-147000000 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-49000000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-254000000 | USD |
CY2016 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1472000000 | USD |
CY2015 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1244000000 | USD |
CY2014 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
797000000 | 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 |
CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1482000000 | USD |
CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1687000000 | USD |
CY2016Q4 | us-gaap |
Assets
Assets
|
5478000000 | USD |
CY2015Q4 | us-gaap |
Assets
Assets
|
8061000000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1369000000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3087000000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
11134000000 | USD |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
7086000000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-5656000000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
969000000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5478000000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8061000000 | USD |
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
OperatingLeasesRentExpenseContingentRentals
|
29000000 | USD |
CY2015 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
34000000 | USD |
CY2014 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
37000000 | USD |
CY2016 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
242000000 | USD |
CY2015 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
255000000 | USD |
CY2014 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
280000000 | USD |
CY2016Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
1550000000 | USD |
CY2016 | us-gaap |
Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
|
6000000 | USD |
CY2015 | us-gaap |
Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
|
5000000 | USD |
CY2016Q4 | us-gaap |
Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
|
960000000 | USD |
CY2015Q4 | us-gaap |
Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
|
1088000000 | USD |
CY2016 | yum |
Maximum401 K Participant Contribution Of Eligible Compensation
Maximum401KParticipantContributionOfEligibleCompensation
|
0.75 | |
CY2016 | yum |
Company Match Of Participant Contribution Up To6 Of Eligible Compensation
CompanyMatchOfParticipantContributionUpTo6OfEligibleCompensation
|
1 | |
CY2016 | yum |
Maximum Company Match Of Participant Contribution Of Eligible Compensation
MaximumCompanyMatchOfParticipantContributionOfEligibleCompensation
|
0.06 | |
CY2016 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
14000000 | USD |
CY2015 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
13000000 | USD |
CY2014 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
12000000 | USD |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.014 | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.013 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.016 | |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.270 | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.269 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.297 | |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.026 | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.022 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.021 | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1341000 | shares |
CY2016Q4 | yum |
Share Based Compensation Arrangement By Share Based Payment Award Stock Appreciation Rights Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockAppreciationRightsOutstandingNumber
|
19901000 | shares |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
33.33 | |
CY2016Q4 | yum |
Share Based Compensation Arrangement By Share Based Payment Award Stock Appreciation Rights Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockAppreciationRightsOutstandingWeightedAverageExercisePrice
|
41.28 | |
CY2016 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5000000 | USD |
CY2015 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000000 | USD |
CY2014 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
29000000 | USD |
CY2016 | us-gaap |
Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
109000000 | USD |
CY2016 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
67963000 | shares |
CY2015 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
15942000 | shares |
CY2014 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
11225000 | shares |
CY2016 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
5447000000 | USD |
CY2015 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1200000000 | USD |
CY2014 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
820000000 | USD |
CY2016 | yum |
Valueofsharerepurchaseswithtradedatespriortocurrentreportingdatebutwithsettlementdatessubsequenttothecurrentreportingdate.
Valueofsharerepurchaseswithtradedatespriortocurrentreportingdatebutwithsettlementdatessubsequenttothecurrentreportingdate.
|
45000000 | USD |
CY2016 | yum |
Numberofsharesrepurchasedwithtradedatespriortocurrentreportingdatebutwithsettlementdatessubsequenttothecurrentreportingdate.
Numberofsharesrepurchasedwithtradedatespriortocurrentreportingdatebutwithsettlementdatessubsequenttothecurrentreportingdate.
|
700000 | shares |
CY2016Q4 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1900000000 | USD |
CY2016 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
7000000 | USD |
CY2016 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
|
32000000 | USD |
CY2016 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
5000000 | USD |
CY2016 | yum |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansReclassificationAdjustmentsTax
|
16000000 | USD |
CY2015 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-46000000 | USD |
CY2015 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
|
5000000 | USD |
CY2015 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
2000000 | USD |
CY2015 | yum |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansReclassificationAdjustmentsTax
|
19000000 | USD |
CY2016 | yum |
Taco Bell Wageand Hour Actions Amountofprejudgementinterestawardedtoplaintiffsfortheunderpaidmealpremiumclass
TacoBellWageandHourActionsAmountofprejudgementinterestawardedtoplaintiffsfortheunderpaidmealpremiumclass
|
300000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
|
2100000000 | USD |
CY2016Q4 | yum |
Amount Of Operating And Capital Loss Carryforwards Due To Expire Within Next Twelve Months
AmountOfOperatingAndCapitalLossCarryforwardsDueToExpireWithinNextTwelveMonths
|
27000000 | USD |
CY2016Q4 | yum |
Amount Of Operating And Capital Loss Carryforwards Due To Expire Year Between Year Two And Five
AmountOfOperatingAndCapitalLossCarryforwardsDueToExpireYearBetweenYearTwoAndFive
|
674000000 | USD |
CY2016Q4 | yum |
Amount Of Operating And Capital Loss Carryforwards Due To Expire Year Between Year Six And Twenty
AmountOfOperatingAndCapitalLossCarryforwardsDueToExpireYearBetweenYearSixAndTwenty
|
1221000000 | USD |
CY2016Q4 | yum |
Amount Of Operating And Capital Loss Carryforwards Which May Be Carried Forward Indefinitely
AmountOfOperatingAndCapitalLossCarryforwardsWhichMayBeCarriedForwardIndefinitely
|
321000000 | USD |
CY2016Q4 | yum |
Total Operating And Capital Loss Carryforwards
TotalOperatingAndCapitalLossCarryforwards
|
2243000000 | USD |
CY2016Q4 | yum |
Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
|
87000000 | USD |
CY2015Q4 | yum |
Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
|
89000000 | USD |
CY2016 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1625000000 | USD |
CY2015 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1402000000 | USD |
CY2014 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1517000000 | USD |
CY2016 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-307000000 | USD |
CY2015 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-141000000 | USD |
CY2014 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-143000000 | USD |
CY2016 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1318000000 | USD |
CY2015 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1261000000 | USD |
CY2014 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1374000000 | USD |
CY2016 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
309000000 | USD |
CY2015 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
322000000 | USD |
CY2014 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
328000000 | USD |
CY2016Q4 | yum |
Long Lived Assets
LongLivedAssets
|
2852000000 | USD |
CY2015Q4 | yum |
Long Lived Assets
LongLivedAssets
|
3082000000 | USD |
CY2016Q4 | yum |
Guarantor Exposureaspercentofoutstandingloans
GuarantorExposureaspercentofoutstandingloans
|
0.20 | |
CY2016 | yum |
Taco Bell Wageand Hour Actions Amountawardedtoplaintiffsfortheunderpaidmealpremiumclass
TacoBellWageandHourActionsAmountawardedtoplaintiffsfortheunderpaidmealpremiumclass
|
500000 | USD |
CY2016 | yum |
Taco Bell Wageand Hour Actions Amountofattorneysfeesawardedbythecourt
TacoBellWageandHourActionsAmountofattorneysfeesawardedbythecourt
|
1100000 | USD |
CY2016 | yum |
Taco Bell Wageand Actions Amountofattorneysfeesrequestedbythe Plaintiffs
TacoBellWageandActionsAmountofattorneysfeesrequestedbythePlaintiffs
|
7300000 | USD |
CY2016 | yum |
Taco Bell Wageand Hour Action Amountofbillofcostsawardedbythecourt
TacoBellWageandHourActionAmountofbillofcostsawardedbythecourt
|
100000 | USD |
CY2016 | yum |
Taco Bell Wageand Hour Action Amountofbillofcostsrequestedbythe Plaintiffs
TacoBellWageandHourActionAmountofbillofcostsrequestedbythePlaintiffs
|
200000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
391000000 | USD |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
339000000 | USD |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
622000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
267000000 | USD | |
CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1619000000 | USD |
CY2016Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.94 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.82 | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.59 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.72 | ||
CY2016 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.11 | |
CY2016Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.93 | |
CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.81 | |
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.56 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.71 | ||
CY2016 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.04 | |
CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.46 | |
CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.46 | |
CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.81 | ||
CY2016 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.73 | |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
362000000 | USD |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
235000000 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
421000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
275000000 | USD | |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1293000000 | USD |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.83 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.54 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.97 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.64 | ||
CY2015 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.97 | |
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.81 | |
CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.53 | |
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.95 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.63 | ||
CY2015 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.92 | |
CY2015Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
CY2015Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.82 | |
CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.92 | ||
CY2015 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.74 | |
CY2016Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
3000000 | USD |
CY2016Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
53000000 | USD |
CY2016Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
21000000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
64000000 | USD | |
CY2016Q1 | yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
9000000 | USD |
CY2016Q2 | yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
8000000 | USD |
yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
9000000 | USD | |
CY2015Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
7000000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
49000000 | USD | |
CY2015Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
72000000 | USD |
CY2015Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
4000000 | USD |
CY2015Q1 | yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
2000000 | USD |
CY2015Q2 | yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
8000000 | USD |
CY2015Q3 | yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
21000000 | USD |
yum |
Costsassociatedwith Kfcu.S.Acceleration Agreement
CostsassociatedwithKFCU.S.AccelerationAgreement
|
41000000 | USD |