Short-term Borrowings and Long-term Debt (Details) $ in Millions | 3 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Jun. 30, 2016USD ($) | Dec. 31, 2017USD ($)MonthsYearsRate | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) |
Debt Instrument [Line Items] | | | | | | | | |
Other Short-term Borrowings | | | | $ 0 | | $ 8 | | |
Short-term Debt, including debt issuance costs | | | | 386 | | 74 | | |
Debt Issuance Costs, Current, Net | | | | (11) | | (8) | | |
Short-term Borrowings | | | | | | | | |
Total Short-term Borrowings | | | | 375 | | 66 | | |
Long-term Debt | | | | | | | | |
Long-term debt including hedge accounting adjustment | | | | 9,429 | | 9,059 | | |
Capital Lease Obligations Excluded from Annual Maturities | | | | 105 | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Capital Lease Obligations, Noncurrent | | | | 105 | | 120 | | |
Long-term debt and capital less obligations, including current maturities and debt issuance costs | | | | 9,901 | | 9,204 | | |
Debt Issuance Costs, Noncurrent, Net | | | | $ (86) | | (79) | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Maturity date | | | | Nov. 1, 2043 | | | | |
Long-term Debt, Current Maturities | | | | $ 386 | | 66 | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
2,016 | | | | 380 | | | | |
2,017 | | | | 318 | | | | |
2,018 | | | | 1,190 | | | | |
2,019 | | | | 441 | | | | |
2,020 | | | | 410 | | | | |
Thereafter | | | | 7,057 | | | | |
Total | | | | 9,796 | | | | |
Interest expense on short-term borrowings and long-term debt | | | | 473 | | 331 | | $ 153 |
Interest Income (Expense), Net | [1] | | | $ (440) | | (305) | | (141) |
Senior Unsecured Notes Due March 2018 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Oct. 19, 2007 | | | | |
Maturity date | | | | Mar. 15, 2018 | | | | |
Principal amount | | | | $ 325 | | | | |
Interest rate, stated (in hundredths) | | | | 6.25% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 6.36% | | | | |
Senior Unsecured Notes Due November 2037 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Oct. 19, 2007 | | | | |
Maturity date | | | | Nov. 15, 2037 | | | | |
Principal amount | | | | $ 325 | | | | |
Interest rate, stated (in hundredths) | | | | 6.88% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 7.45% | | | | |
Senior Unsecured Notes Due September 2019 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Aug. 25, 2009 | | | | |
Maturity date | | | | Sep. 15, 2019 | | | | |
Principal amount | | | | $ 250 | | | | |
Interest rate, stated (in hundredths) | | | | 5.30% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 5.59% | | | | |
Senior Unsecured Notes Due November 2020 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Aug. 31, 2010 | | | | |
Maturity date | | | | Nov. 1, 2020 | | | | |
Principal amount | | | | $ 350 | | | | |
Interest rate, stated (in hundredths) | | | | 3.88% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 4.01% | | | | |
Senior Unsecured Notes Due November 2021 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Aug. 29, 2011 | | | | |
Maturity date | | | | Nov. 1, 2021 | | | | |
Principal amount | | | | $ 350 | | | | |
Interest rate, stated (in hundredths) | | | | 3.75% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 3.88% | | | | |
Senior Unsecured Notes Due November 2023 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Oct. 31, 2013 | | | | |
Maturity date | | | | Nov. 1, 2023 | | | | |
Principal amount | | | | $ 325 | | | | |
Interest rate, stated (in hundredths) | | | | 3.88% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 4.01% | | | | |
Senior Unsecured Notes Due November 2043 [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | [2] | | | Oct. 31, 2013 | | | | |
Principal amount | | | | $ 275 | | | | |
Interest rate, stated (in hundredths) | | | | 5.35% | | | | |
Interest rate, effective (in hundredths) | [3] | | | 5.42% | | | | |
Variable Funding Notes [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Interest expense on short-term borrowings and long-term debt | | | | $ 2 | | | | |
Secured Debt [Member] | The Credit Agreement and Subsidiary Senior Unsecured Notes [Member] [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Debt Issuance Costs, Gross | | | | 56 | | | | |
Secured Debt [Member] | Term Loan A and B Facilities and Revolving Facility [Domain] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Issuance Costs, Net | | | | 32 | | | | |
Secured Debt [Member] | Term Loan A Facility [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | $ 500 | | | | | |
Long-term Debt | | | | $ 500 | | 500 | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Maturity date | | | | Jun. 7, 2022 | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 3.24% | | | | |
Frequency of interest payments | | | | quarterly | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Payment Terms | | | | amortization payments beginning one full fiscal quarter after the first anniversary of the closing date | | | | |
Term Loan A Facility, Repayments of Principal in Year Two and Three | Rate | | | | 1.25% | | | | |
Term Loan A Facility, Repayments of Principal in Year Four | Rate | | | | 1.875% | | | | |
Term Loan A, Repayments of Principal in Year Five | Rate | | | | 3.75% | | | | |
Principal assigned to new lenders or existing lenders | | | | $ 146 | | | | |
Secured Debt [Member] | Revolving Credit Facility [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Line of credit facility, maximum borrowing capacity | | | | 1,000 | | | | |
Secured Debt [Member] | Term Loan B Facility [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | $ 2,000 | | | | | |
Long-term Debt | | | | $ 1,975 | | 1,990 | | |
Amount of basis points Term Loan B interest rate reduced by due to repricing | | | | 75 | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Maturity date | | | | Jun. 16, 2023 | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 3.82% | | | | |
Frequency of interest payments | | | | quarterly | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Term Loan B, Repayment of Principal | Rate | | | | 0.25% | | | | |
Principal assigned to new lenders or existing lenders | | | | $ 192 | | | | |
Interest Income (Expense), Net | | | | $ 8 | | | | |
Secured Debt [Member] | Term Loan A Facility and Revolving Facility [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Amount of basis points Term Loan A and Revolving Facility interest rate reduced by due to repricing | | | | 75 | | | | |
Secured Debt [Member] | Class A-2 Notes [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | | | May 11, 2016 | | | | | |
Maturity date | | | | May 1, 2046 | | | | |
Frequency of interest payments | | | | quarterly | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Payment Terms | | | | no amortization of principal of the Class A-2 Notes is required prior to their anticipated repayment dates | | | | |
Long-term Debt, Contingent Payment of Principal or Interest | | | | as of any quarterly measurement date the consolidated leverage ratio (the ratio of total debt to Net Cash Flow (as defined in the Indenture)) for the preceding four fiscal quarters of either the Company and its subsidiaries or the Issuer and its subsidiaries exceeds 5.0:1, in which case amortization payments of 1% per year of the outstanding principal as of the closing of the Securitization Notes is required. As of the most recent quarterly measurement date the consolidated leverage ratio exceeded 5.0:1 and, as a result, amortization payments are required. | | | | |
Secured Debt [Member] | Revolving Facility [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Line of credit facility, maximum borrowing capacity | | | | $ 1,000 | | | | |
Outstanding borrowings | | | | $ 0 | | | | |
Secured Debt [Member] | the Credit Agreement [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | | Jun. 16, 2016 | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Payment Terms | | | | The Credit Agreement is subject to certain mandatory prepayments, including an amount equal to 50% of excess cash flow (as defined in the Credit Agreement) on an annual basis and the proceeds of certain asset sales, casualty events and issuances of indebtedness, subject to customary exceptions and reinvestment rights. | | | | |
Debt Instrument, Covenant Compliance | | | | We were in compliance with all debt covenants as of December 31, 2017 | | | | |
Secured Debt [Member] | Class A-2-I Notes [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | $ 800 | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 3.832% | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 4.18% | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Long-term Debt, Anticipated Repayment Date | Years | | | | 4 | | | | |
Secured Debt [Member] | Class A-2-II Notes [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | 500 | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 4.377% | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 4.59% | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Long-term Debt, Anticipated Repayment Date | Years | | | | 7 | | | | |
Secured Debt [Member] | Class A-2-III Notes [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | 1,000 | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 4.97% | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 5.14% | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Long-term Debt, Anticipated Repayment Date | Years | | | | 10 | | | | |
Secured Debt [Member] | Securitization Notes [Member] | | | | | | | | |
Short-term Borrowings | | | | | | | | |
Senior Notes, Noncurrent | | | | $ 2,271 | | 2,294 | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Debt Issuance Costs, Gross | | | | | | 31 | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Debt Default, Description of Violation or Event of Default | | | | The Securitization Notes are also subject to certain customary events of default, including events relating to non-payment of required interest or principal due on the Securitization Notes, failure to comply with covenants within certain time frames, certain bankruptcy events, breaches of specified representations and warranties, failure of security interests to be effective, certain judgments and failure of the Securitization Entities to maintain a stated debt service coverage ratio | | | | |
Debt Instrument, Covenant Compliance | | | | As of December 31, 2017, we were in compliance with all of our debt covenant requirements and were not subject to any rapid amortization events | | | | |
Senior Unsecured Notes [Member] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Number of months until first required interest payment after debt issuance | Months | | | | 6 | | | | |
Frequency of interest payments | | | | semi-annually | | | | |
Senior Unsecured Notes [Member] | Subsidiary Senior Unsecured Notes [Member] | | | | | | | | |
Short-term Borrowings | | | | | | | | |
Senior Notes, Noncurrent | | | | $ 2,850 | | 2,100 | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Issuance date | | Jun. 16, 2016 | | | | | | |
Frequency of interest payments | | | | semi-annually | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Covenant Compliance | | | | We were in compliance with all debt covenants as of December 31, 2017 | | | | |
Senior Unsecured Notes [Member] | Subsidiary Senior Unsecured Notes due 2024 [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | 1,050 | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Maturity date | | | | Jun. 1, 2024 | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 5.00% | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 5.16% | | | | |
Senior Unsecured Notes [Member] | Subsidiary Senior Unsecured Notes due 2026 [Member] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | 1,050 | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Maturity date | | | | Jun. 1, 2026 | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 5.25% | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 5.39% | | | | |
Senior Unsecured Notes [Member] | Subsidiary Senior Unsecured Notes due 2027 [Domain] | | | | | | | | |
Debt Instrument [Line Items] | | | | | | | | |
Proceeds from Issuance of Debt | | | | $ 750 | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 4.75% | | | | |
Interest rate, effective (in hundredths) | Rate | | | | 4.90% | | | | |
Frequency of interest payments | | | | semi-annually | | | | |
Senior Unsecured Notes [Member] | YUM Senior Unsecured Notes [Member] [Domain] | | | | | | | | |
Short-term Borrowings | | | | | | | | |
Senior Notes, Noncurrent | | | | $ 2,200 | | 2,200 | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Debt Default, Description of Violation or Event of Default | | | | Our YUM Senior Unsecured Notes contain cross-default provisions whereby the acceleration of the maturity of any of our indebtedness in a principal amount in excess of $50 million will constitute a default under the YUM Senior Unsecured Notes unless such indebtedness is discharged, or the acceleration of the maturity of that indebtedness is annulled, within 30 days after notice. | | | | |
London Interbank Offered Rate (LIBOR) [Member] | Secured Debt [Member] | Term Loan B Facility [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Basis Spread on Variable Rate | Rate | | | | 2.00% | | | | |
Debt Instrument, Basis Spread on Variable Rate, Stepdown | Rate | | | | 1.75% | | | | |
Base Rate [Member] | Secured Debt [Member] | Term Loan B Facility [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Basis Spread on Variable Rate | Rate | | | | 1.00% | | | | |
Debt Instrument, Basis Spread on Variable Rate, Stepdown | Rate | | | | 0.75% | | | | |
Minimum [Member] | Senior Unsecured Notes [Member] | YUM Senior Unsecured Notes [Member] [Domain] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 3.75% | | | | |
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Secured Debt [Member] | Term Loan A Facility and Revolving Facility [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Basis Spread on Variable Rate | Rate | | | | 1.25% | | | | |
Minimum [Member] | Base Rate [Member] | Secured Debt [Member] | Term Loan A Facility and Revolving Facility [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Basis Spread on Variable Rate | Rate | | | | 0.25% | | | | |
Maximum [Member] | Senior Unsecured Notes [Member] | YUM Senior Unsecured Notes [Member] [Domain] | | | | | | | | |
Senior Unsecured Notes [Abstract] | | | | | | | | |
Interest rate, stated (in hundredths) | Rate | | | | 6.88% | | | | |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Secured Debt [Member] | Term Loan A Facility and Revolving Facility [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Basis Spread on Variable Rate | Rate | | | | 1.75% | | | | |
Maximum [Member] | Base Rate [Member] | Secured Debt [Member] | Term Loan A Facility and Revolving Facility [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Basis Spread on Variable Rate | Rate | | | | 0.75% | | | | |
Total Leverage Ratio [Member] | Secured Debt [Member] | the Credit Agreement [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Covenant Description | | | | require the Borrowers to maintain a total leverage ratio (defined as the ratio of Consolidated Total Debt to Consolidated EBITDA (as these terms are defined in the Credit Agreement)) of 5.0:1 or less | | | | |
Fixed Charge Coverage Ratio [Member] | Secured Debt [Member] | the Credit Agreement [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Covenant Description | | | | fixed charge coverage ratio (defined as the ratio of EBITDA minus capital expenditures to fixed charges (inclusive of rental expense and scheduled amortization)) of at least 1.5:1 | | | | |
Debt Service Coverage Ratio - Rapid Amortization Events [Member] | Secured Debt [Member] | Securitization Notes [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Covenant Description | | | | debt service coverage ratio (as defined in the Indenture) of at least 1.1:1 | | | | |
Debt Service Coverage Ratio - Cash Trap Reserve Account [Member] | Secured Debt [Member] | Securitization Notes [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Debt Instrument, Covenant Description | | | | debt service coverage ratio (or the ratio of Net Cash Flow to all debt service payments for the preceding four fiscal quarters) of at least 1.75:1 | | | | |
Debt Instrument, Covenant Compliance | | | | During the quarter ended December 31, 2017, the Securitization Entities maintained a debt service coverage ratio significantly in excess of the 1.75:1 requirement | | | | |
Line of Credit [Member] | Variable Funding Notes [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Line of credit facility, maximum borrowing capacity | | | 100 | | | | | |
Letter of Credit [Member] | Revolving Facility [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Outstanding letters of credit | | | | $ 4 | | | | |
Letter of Credit [Member] | Variable Funding Notes [Member] | | | | | | | | |
Line of Credit Facility [Abstract] | | | | | | | | |
Line of credit facility, maximum borrowing capacity | | | $ 50 | | | | | |
Continuing Operations [Member] | | | | | | | | |
Short-term Borrowings | | | | | | | | |
Total Short-term Borrowings | | | | 375 | | 66 | | |
Long-term Debt | | | | | | | | |
Long-term debt including hedge accounting adjustment | | | | 9,429 | | 9,059 | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Interest Income (Expense), Net | | | | (440) | | (305) | | (141) |
Continuing Operations [Member] | Prepaid Expenses and Other Current Assets [Member] | | | | | | | | |
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments [Abstract] | | | | | | | | |
Restricted Cash and Cash Equivalents, Current | | | | $ 60 | [4] | $ 55 | [4] | $ 0 |
| |
[1] | Amounts have not been allocated to any segment for performance reporting purposes. | |
[2] | Interest payments commenced approximately six months after issuance date and are payable semi-annually | |
[3] | Includes the effects of the amortization of any (1) premium or discount; (2) debt issuance costs; and (3) gain or loss upon settlement of related treasury locks and forward starting interest rate swaps utilized to hedge the interest rate risk prior to debt issuance. | |
[4] | Restricted cash within Prepaid expenses and other current assets reflects the Taco Bell Securitization interest reserves. See Note 11. | |