Yum! Brands (YUM) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 02, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	YUM BRANDS INC
Entity Central Index Key	1,041,061
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		323,217,129
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Company sales	$ 512	$ 902
Franchise and property revenues	584	515
Franchise contributions for advertising and other services	275	0
Total Revenues	1,371	1,417
Costs and Expenses, Net
Company restaurant expenses	438	758
General and Administrative Expense	219	237
Franchise and license expenses	47	46
Cooperative Advertising Expense	272	0
Refranchising (gain) loss	(156)	(111)
Other (income) expense	(2)	3
Total costs and expenses, net	818	933
Operating Profit	553	484
Other investment (income) expense, net	(66)	(1)
Other pension (income) expense	3	28
Interest expense, net	107	110
Income Before Income Taxes	509	347
Income tax provision	76	67
Net Income	$ 433	$ 280
Basic Earnings Per Common Share	$ 1.30	$ 0.78
Diluted Earnings Per Common Share	1.27	0.77
Dividends Declared Per Common Share	$ 0.36	$ 0.30

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net Income (Loss) Attributable to Parent	$ 433	$ 280
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature
Adjustments and gains (losses) arising during the period	46	50
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax	46	50
Tax (expense) benefit	(6)	(1)
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax	40	49
Changes in pension and post-retirement benefits
Unrealized gains (losses) arising during the period	0	5
Reclassification of (gains) losses into Net Income	6	30
Changes in pension and post-retirement benefits, before tax	6	35
Tax (expense) benefit	(1)	(12)
Changes in pension and post-retirement benefits, net of tax	5	23
Changes in derivative instruments
Unrealized gains (losses) arising during the period	2	(3)
Reclassification of (gains) losses into Net Income	11	7
Changes in derivative instruments, before tax	13	4
Tax (expense) benefit	(4)	(1)
Changes in derivative instruments, net of tax	9	3
Other comprehensive income (loss), net of tax	54	75
Comprehensive Income - YUM! Brands, Inc.	$ 487	$ 355

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018		Mar. 31, 2017
Cash Flows - Operating Activities
Net Income (Loss) Attributable to Parent	$ 433		$ 280
Depreciation and amortization	37		70
Refranchising (gain) loss	(156)		(111)
Other investment (income) expense, net	(66)		(1)
Contributions to defined benefit pension plans	(3)		(7)
Deferred income taxes	(1)		20
Share-based compensation expense	17		17
Changes in accounts and notes receivable	4		18
Changes in prepaid expenses and other current assets	(22)		(1)
Changes in accounts payable and other current liabilities	(99)		(48)
Changes in income taxes payable	13		12
Other, net	32		39
Net Cash Provided by Operating Activities	189		288
Cash Flows - Investing Activities
Capital spending	(42)		(76)
Proceeds from refranchising of restaurants	205		185
Other, net	1		(5)
Net Cash Used in Investing Activities	164		104
Cash Flows - Financing Activities
Proceeds from long-term debt	0		192
Repayments of long-term debt	(332)		(200)
Revolving credit facilities, three months or less, net	0		0
Short-term borrowings by original maturity
More than three months - proceeds	12		0
More than three months - payments	(7)		0
Three months or less, net	0		0
Repurchase shares of Common Stock	(498)		(461)
Dividends paid on Common Stock	(120)		(106)
Debt issuance costs	0		(18)
Other, net	(31)		(36)
Net Cash Provided by (Used in) Financing Activities	(976)		(629)
Effect of Exchange Rates on Cash and Cash Equivalents	38		17
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations	(585)		(220)
Cash and Cash Equivalents - End of Period	982
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows	$ 1,083	[1]	$ 611
[1]	Upon adoption of Topic 606 we reclassified $11 million and $58 million , respectively, from Advertising cooperative assets, restricted to Cash and cash equivalents and Prepaid expenses and other current assets. These amounts are included in the Beginning of Period balance of Cash, Cash Equivalents, Restricted Cash and Restricted Cash equivalents in our Condensed Consolidated Statement of Cash Flows for the quarter ended March 31, 2018.

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 982	$ 1,522
Accounts and notes receivable, net	501	400
Prepaid expenses and other current assets	406	384
Advertising cooperative assets, restricted	0	201
Total Current Assets	1,889	2,507
Property, plant and equipment, net	1,651	1,697
Goodwill	514	512
Intangible assets, net	105	110
Other assets	490	346
Deferred income taxes	187	139
Total Assets	4,836	5,311
Current Liabilities
Accounts payable and other current liabilities	924	813
Income taxes payable	124	123
Short-term borrowings	61	375
Advertising cooperative liabilities	0	201
Total Current Liabilities	1,109	1,512
Long-term debt	9,419	9,429
Other liabilities and deferred credits	1,062	704
Total Liabilities	11,590	11,645
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 327 and 332 shares issued in 2018 and 2017, respectively	0	0
Retained earnings (Accumulated deficit)	(6,539)	(6,063)
Accumulated other comprehensive income (loss)	(215)	(271)
Total Shareholders' Deficit	(6,754)	(6,334)
Total Liabilities and Shareholders' Deficit	$ 4,836	$ 5,311

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Total Liabilities and Shareholders’ Deficit	$ 4,836	$ 5,311
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	750	750
Common Stock, Shares, Issued	327	332

Financial Statement Presentatio

Financial Statement Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statement Presentation	Financial Statement Presentation We have prepared our accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by Generally Accepted Accounting Principles in the United States (“GAAP”) for complete financial statements. Therefore, we suggest that the accompanying Financial Statements be read in conjunction with the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 (“ 2017 Form 10-K”). 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 45,000 units in more than 135 countries and territories, of which 60% are located outside the U.S. 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 Financial Statements are made using the first person notations of “we,” “us” or “our.” As of March 31, 2018 , YUM consisted of three operating segments: • The KFC Division which includes our worldwide operations of the KFC concept • The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept • The Taco Bell Division which includes our worldwide operations of the Taco Bell concept YUM's fiscal year begins on January 1 and ends December 31 of each year, with each quarter comprised of three months. Our U.S. subsidiaries and certain international subsidiaries operate on a weekly periodic calendar where the first three quarters of each fiscal year consists of 12 weeks and the fourth quarter consists of 16 weeks in fiscal years with 52 weeks and 17 weeks in fiscal years with 53 weeks. Our preparation of the accompanying Financial Statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The accompanying Financial Statements include all normal and recurring adjustments considered necessary to present fairly, when read in conjunction with our 2017 Form 10-K, our financial position as of March 31, 2018 , and the results of our operations, comprehensive income and cash flows for the quarters ended March 31, 2018 and 2017 . Our results of operations, comprehensive income and cash flows for these interim periods are not necessarily indicative of the results to be expected for the full year. Our significant interim accounting policies include the recognition of advertising and marketing costs, generally in proportion to revenue, and the recognition of income taxes using an estimated annual effective tax rate. In January 2016, the Financial Accounting Standards Board ("FASB") issued a standard that updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. We adopted this standard beginning with the quarter ended March 31, 2018. While the adoption of this standard did not have a material impact on our Financial Statements the standard will require our investment in Grubhub Inc. ("Grubhub") common shares, which was consummated in April 2018 (see Note 12), to be remeasured to fair value in each future reporting period with corresponding changes recorded in our Consolidated Statement of Income. In October 2016, the FASB issued a standard that requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. As required, we adopted this standard in the quarter ended March 31, 2018 and recorded a cumulative adjustment to retained earnings at the beginning of our first quarter 2018. As a result, we recognized a reduction in Other assets of $34 million to write-off the unamortized tax consequences of certain historical intra-entity transfers of assets with an offsetting increase to our Accumulated deficit. In August 2017, the FASB issued a standard that refines and expands existing hedge accounting guidance. We adopted this standard beginning with the quarter ended March 31, 2018. The adoption of this standard did not have a material impact on the Financial Statements. In February 2018, the FASB issued a standard that allows a reclassification to retained earnings for stranded tax effects within accumulated other comprehensive (income) loss ("AOCI") subsequent to the accounting in the fourth quarter of 2017 necessary as a result of the enactment of the Tax Cuts and Jobs Act of 2017 (“Tax Act”). We adopted this standard during the quarter ended March 31, 2018 and reclassified stranded tax effects of $19 million from AOCI with a corresponding decrease to Accumulated deficit at the beginning of our first quarter 2018. These stranded tax effects primarily related to the remeasurement of deferred tax assets associated with pension losses within AOCI. From 2014 through 2017 the FASB issued standards to provide principles within a single framework for revenue recognition of transactions involving contracts with customers across all industries ("Topic 606"). We adopted these standards beginning with the quarter ended March 31, 2018, using the modified retrospective method. See Notes 2 and 5.

Revenue Recognition Accounting

Revenue Recognition Accounting Policy	3 Months Ended
	Mar. 31, 2018
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Accounting Policy We adopted Topic 606 at the beginning of the quarter ended March 31, 2018. Below is a discussion of how our revenues are earned, our accounting policies pertaining to revenue recognition prior to adopting Topic 606 ("Legacy GAAP"), our accounting policies pertaining to revenue recognition subsequent to adopting Topic 606 and other required disclosures. Refer to Note 5 for information regarding the cumulative effect adjustment recorded to Accumulated deficit as of the beginning of the quarter ended March 31, 2018 to reflect the adoption of Topic 606. Also included in Note 5 is disclosure of the amount by which each balance sheet and income statement line item was affected in the current reporting period as compared to Legacy GAAP. Company Sales Revenues from the sale of food items by Company-owned restaurants are recognized as Company sales when a customer purchases the food, which is when our obligation to perform is satisfied. The timing and amount of revenue recognized related to Company sales was not impacted by the adoption of Topic 606. Franchise and Property Revenues Our most significant source of revenues arises from the operation of our Concept stores by our franchisees. Our franchise agreements require that the franchisee remit continuing fees to us as a percentage of the applicable restaurant’s sales in exchange for the license of the intellectual property associated with our Concepts' brands (the “franchise right”). Continuing fees represent the substantial majority of the consideration we receive under our franchise agreements. Franchise rights may be granted through store-level franchise agreements or through a master franchise agreement. Continuing fees are typically billed and paid monthly and are usually 4% - 6% for store-level franchise agreements. Master franchise agreements transfer exclusive master franchise rights and administrative obligations, including control of advertising contributions, to master franchisees in certain regions who in turn grant sub-franchising rights to sub-franchisees. As a result of transferring administrative obligations to a master franchisee the percentage of a master franchisee’s restaurants’ sales that we receive as a continuing fee is less than the percentage we receive for restaurants operating under a store-level franchise agreement. Our franchise agreements also typically require certain, less significant, upfront franchise fees such as fees paid upon opening of a store, fees paid to renew the term of the franchise right and fees paid in the event the franchise agreement is transferred to another franchisee. Upfront franchise fees are typically billed and paid when the new franchise agreement becomes effective or when the agreement is transferred to another franchisee. Under Legacy GAAP, continuing fees from franchisees were recognized as the related sales occurred. The timing and amount of revenue recognized related to continuing fees was not impacted by the adoption of Topic 606 based on the application of the sales-based royalty exception within Topic 606. Under Legacy GAAP, revenue related to initial fees was recognized upon store opening and renewal and transfer fees were recognized when the related agreement became effective. Upon adopting Topic 606, we have determined that the services we provide in exchange for these upfront franchise fees are highly interrelated with the franchise right and are not distinct from the ongoing services we provide to our franchisees. As a result, upon adopting Topic 606 upfront franchise fees are recognized as revenue over the term of each respective franchise agreement. Revenues for these upfront franchise fees are recognized on a straight-line basis, which is consistent with the franchisee’s right to use and benefit from the intellectual property. Revenue from continuing fees and upfront franchise fees is presented within Franchise and property revenues in our Condensed Consolidated Statements of Income. Additionally, from time-to-time we provide non-refundable consideration to franchisees in the form of cash or other incentives (e.g. cash payments to incent new unit openings and free or subsidized equipment). The Company’s intent in providing such consideration is to drive new unit development or same-store sales growth that will result in higher future revenues for the Company. Under Legacy GAAP, these payments were recognized when we were obligated to make the payment and were presented as either a reduction to Franchise and property revenues, if cash was provided directly to the franchisee, or as Franchise and property expenses, if cash was not provided directly to the franchisee. Upon adopting Topic 606, such payments are capitalized as assets and amortized as a reduction in Franchise and property revenues over the period of expected cash flows from the franchise agreements to which the payment relates. Revenues from franchisees related to their rental of restaurants we lease or sublease to them is recognized as it is earned. Rental income is billed and paid on a monthly basis. Revenues from rental agreements with franchisees are presented within Franchise and property revenues within our Condensed Consolidated Statements of Income. The timing and amount of revenue recognized related to the rental of restaurants we lease or sublease was not impacted by the adoption of Topic 606. Franchise Contributions for Advertising and Other Services We participate in various advertising cooperatives with our franchisees established to collect and administer funds contributed for use in advertising and promotional programs designed to increase sales and enhance the reputation of the Company and its franchise owners, typically within a particular country. Contributions to the advertising cooperatives are required for both Company-owned and franchise restaurants and are generally based on a percentage of restaurant sales. Revenues for these services are billed and paid typically on a monthly basis. Under Legacy GAAP, receipts and expenditures related to advertising cooperatives we were required to consolidate were presented on a net basis in our Condensed Consolidated Statements of Income. Upon adopting the requirements of Topic 606 we act as a principal in the transaction based on our responsibility to define the nature of the goods or services and/or our responsibility to define which franchisees receive the benefit of the goods or services. Additionally, we have determined the advertising services provided to franchisees are highly interrelated with the franchise right and therefore not distinct. Franchisees remit to us a percentage of restaurant sales as consideration for providing the advertising services. As a result, revenues for advertising services are recognized when the related sales occur and are presented as Franchise contributions for advertising and other services. Expenses incurred to provide these services are presented as Franchise advertising and other services expense. On a much more limited basis, we provide goods or services to certain franchisees that are distinct from the franchise right. Such arrangements typically relate to supply chain, quality assurance and information technology services that are provided by a third party at our direction and that do not require integration with other goods or services we provide. The extent to which we provide such goods or services varies by brand, geographic region and, in some instances, franchisee. Similar to advertising services, receipts and expenditures related to these other services were presented on a net basis under Legacy GAAP. Upon adoption of Topic 606, revenues from the goods or services described above are presented as Franchise contributions for advertising and other services within our Condensed Consolidated Statements of Income. Expenses related to the provisioning of these goods and services are recorded in Franchise advertising and other services expense. Revenues are recognized as the goods or services are transferred to the franchisee and related expenses are recognized as incurred. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue transaction and collected from a customer are excluded from revenue under both Legacy GAAP and Topic 606. The following table disaggregates revenue by Concept and our most significant markets based on Operating Profit. We believe this disaggregation best reflects how the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors. Quarter ended 3/31/2018 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 17 $ 14 $ 242 $ 273 Franchise and property revenues 44 70 122 236 Franchise contributions for advertising and other services 2 65 91 158 China Franchise and property revenues 54 16 — 70 Other Company sales 228 10 1 239 Franchise and property revenues 209 63 6 278 Franchise contributions for advertising and other services 104 13 — 117 $ 658 $ 251 $ 462 $ 1,371 Our contract liabilities are comprised of unamortized upfront fees received from franchisees. A summary of significant changes to the contract liability balance during the first quarter of 2018 is presented below. Deferred Franchise Fees Balance at January 1, 2018 $ 392 Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period (17 ) Increases due to cash received, excluding amounts recognized as revenue during the period 20 Balance at March 31, 2018 $ 395 We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows: Less than 1 year $ 56 1 - 2 years 53 2 - 3 years 49 3 - 4 years 45 4 - 5 years 40 Thereafter 152 Total $ 395

Earnings Per Common Share ("EPS

Earnings Per Common Share ("EPS")	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Common Share (EPS)	Earnings Per Common Share (“EPS”) Quarter ended 2018 2017 Net Income $ 433 $ 280 Weighted-average common shares outstanding (for basic calculation) 332 357 Effect of dilutive share-based employee compensation 8 7 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 340 364 Basic EPS $ 1.30 $ 0.78 Diluted EPS $ 1.27 $ 0.77 Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation (a) 2.3 1.7 (a)

Shareholders' Deficit

Shareholders' Deficit	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Deficit Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the quarters ended March 31, 2018 and 2017 as indicated below. All amounts exclude applicable transaction fees. Shares Repurchased (thousands) Dollar Value of Shares Repurchased Remaining Dollar Value of Shares that may be Repurchased Authorization Date 2018 2017 2018 2017 2018 November 2016 — 6,849 $ — $ 442 $ — November 2017 6,507 — 528 — 972 Total 6,507 (a) 6,849 (b) $ 528 (a) $ 442 (b) $ 972 (a) Includes the effect of $30 million in share repurchases ( 0.4 million shares) with trade dates prior to March 31, 2018, but cash settlement dates subsequent to March 31, 2018. (b) Includes the effect of $26 million in share repurchases ( 0.4 million shares) with trade dates on, or prior to, March 31, 2017, but cash settlement dates subsequent to March 31, 2017 and excludes the effect of $45 million in share purchases ( 0.7 million shares) with trades dates prior to December 31, 2016, but cash settlement dates subsequent to December 31, 2016. Changes in AOCI are presented below. Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature Pension and Post-Retirement Benefits Derivative Instruments Total Balance at December 31, 2017, net of tax $ (174 ) $ (106 ) $ 9 $ (271 ) Adoption of accounting standards 21 (a) (17 ) (b) (2 ) (b) 2 Gains (losses) arising during the period classified into AOCI, net of tax 39 — (2 ) 37 (Gains) losses reclassified from AOCI, net of tax 1 5 11 17 OCI, net of tax 61 (12 ) 7 56 Balance at March 31, 2018, net of tax $ (113 ) $ (118 ) $ 16 $ (215 ) (a) Represents the impact of foreign currency translation from the adoption of Topic 606. See Notes 2 and 5. (b)

Items Affecting Comparability o

Items Affecting Comparability of Net Income, Financial Position and Cash Flows	3 Months Ended
	Mar. 31, 2018
Items Affecting Comparability of Net Income and Cash Flows [Abstract]
Comparability of Prior Year Financial Data	Items Affecting Comparability of Net Income, Financial Position and Cash Flows Refranchising (Gain) Loss The Refranchising (gain) loss by reportable segment is presented below. Given the size and volatility of refranchising initiatives, our chief operating decision maker ("CODM") does not consider the impact of Refranchising (gain) loss when assessing segment performance. As such, we do not allocate such gains and losses to our segments for performance reporting purposes. During the quarter ended March 31, 2018, we refranchised 144 restaurants and received $205 million in pre-tax proceeds. During the quarter ended March 31, 2017, we refranchised 121 restaurants and received $185 million in pre-tax proceeds. A summary of Refranchising (gain) loss is as follows: Quarter ended 2018 2017 KFC Division $ (57 ) $ 1 Pizza Hut Division (2 ) 2 Taco Bell Division (97 ) (114 ) Worldwide $ (156 ) $ (111 ) KFC U.S. Acceleration Agreement During 2015, we reached an agreement with our KFC U.S. franchisees that gave us brand marketing control as well as an accelerated path to expanded menu offerings, improved assets and enhanced customer experience. In connection with this agreement we are investing approximately $130 million from 2015 through 2018 primarily to fund new back-of-house equipment for franchisees and to provide incentives to accelerate franchisee store remodels. Under Legacy GAAP these amounts were expensed as incurred and included $3 million during the quarter ended March 31, 2017. We recorded total pre-tax charges of $115 million , primarily as Franchise and property expenses, during the three year period ended December 31, 2017 Due to their size and unique and long-term brand building nature, as well as their non-recurring impact on KFC Division's results when expensed upfront, our CODM did not consider the impact of these investments when assessing segment performance from 2015 through 2017. As such, for these years the investments were not allocated to the KFC Division segment operating results for performance reporting purposes. Upon adoption of Topic 606 in 2018, approximately $100 million of incentives paid to franchisees from 2015 through 2017 were capitalized, net of amortization of $19 million . These capitalized amounts are being amortized as a reduction to Franchise and property revenues over the period of expected cash flows from the franchise agreements to which the payment relates. Amortization related to franchise incentive payments that were capitalized upon the adoption of Topic 606 and franchise incentive payments that will be capitalized going forward will be allocated to KFC segment operating results as the expense is recurring and is not expected to significantly impact the comparability of results in any given period. During the quarter ended March 31, 2018, we recorded a $2 million reduction to KFC Division Franchise and property revenues related to the amortization of these franchise incentive payments. In addition to the investments above, we agreed to fund $60 million of incremental system advertising from 2015 through 2018. During the quarters ended March 31, 2018 and 2017, we incurred $2 million and $4 million , respectively, in incremental system advertising expense. We funded approximately $50 million of such advertising during the three year period ended December 31, 2017, which included $20 million during 2017. We currently expect to fund approximately $10 million in 2018. All of these advertising amounts were recorded primarily in Franchise and property expenses and have been and will continue to be included in the KFC Division segment operating results. YUM's Strategic Transformation Initiatives In October 2016, we announced our strategic transformation plans to drive global expansion of the KFC, Pizza Hut and Taco Bell brands ("YUM's Strategic Transformation Initiatives") following the then anticipated separation of our China business on October 31, 2016. Major features of the Company’s strategic transformation plans involve being more focused on the development of our three brands, increasing our franchise ownership and creating a leaner, more efficient cost structure. During the quarters ended March 31, 2018 and 2017, we recognized pre-tax charges of $1 million and $7 million , respectively, primarily within G&A, related to these initiatives. Due to the scope of the initiatives as well as their significance, our CODM does not consider the impact of these initiatives when assessing segment performance. As such, costs associated with the initiatives are not being allocated to any segment for performance reporting purposes. Pizza Hut U.S. Transformation Agreement In May 2017, we reached an agreement with Pizza Hut U.S. franchisees that will improve brand marketing alignment, accelerate enhancements in operations and technology, and that includes a permanent commitment to incremental advertising and digital and technology contributions by franchisees (the “Transformation Agreement”). In connection with the Transformation Agreement we anticipate investing approximately $90 million to upgrade restaurant equipment to improve operations, fund improvements in restaurant technology and enhance digital and ecommerce capabilities. We currently expect the majority of this investment, which will be a mix of both capital and operating investments, to be split between 2017 and 2018. We invested $39 million related to the Transformation Agreement in 2017, which included $8 million of investments that we capitalized and $31 million that was expensed primarily as Franchise and property expenses or G&A. The $31 million expense amount included $5 million of franchisee incentive payments that under Legacy GAAP were expensed as incurred. Due to the adoption of Topic 606 in 2018, franchise incentive payments related to the Transformation Agreement, including the $5 million from 2017, are now being capitalized and being amortized as a reduction of Franchise and property revenues. We invested $7 million in the quarter ended March 31, 2018 related to the Transformation Agreement, primarily consisting of investments that were capitalized. Due to their unique and long-term brand-building nature as well as their non-recurring impact on Pizza Hut’s Division results, the financial impact of operating investments that are part of the Transformation Agreement are not considered by our CODM when assessing segment performance. As a result, these operating investments are not being allocated to the Pizza Hut Division operating segment results for performance reporting purposes. Depreciation on capital investments is being allocated to Pizza Hut segment results as the expense is recurring and is not expected to significantly impact the comparability of results in any given period. For the same reasons, the amortization related to franchise incentive payments that were capitalized upon the adoption of Topic 606 and franchise incentive payments that will be capitalized going forward will be allocated to Pizza Hut segment operating results. In addition to the investments above, we agreed to fund $37.5 million of incremental system advertising dollars from the second half of 2017 through 2018. During the quarter ended March 31, 2018, we incurred $3 million in related incremental system advertising expense. We funded approximately $25 million of such advertising during 2017, which was expensed in the third and fourth quarters of 2017. We currently expect to fund approximately $12.5 million in 2018. These advertising amounts have been and will continue to be recorded primarily in Franchise and property expenses and are included in Pizza Hut's segment operating results. Impact of Adopting New Revenue Recognition Standards As discussed in Note 1, we adopted Topic 606 beginning with the quarter ended March 31, 2018, using the modified retrospective method. Topic 606 was applied to all contracts with customers as of January 1, 2018 and the cumulative effective of this transition was recorded as an adjustment to Accumulated deficit as of this date. As a result, the following adjustments were made to the Condensed Consolidated Balance Sheet as of January 1, 2018: CONDENSED CONSOLIDATED BALANCE SHEET As Reported 12/31/2017 Adjustments Balances with Adoption of Topic 606 1/1/2018 ASSETS Current Assets Cash and cash equivalents $ 1,522 $ 11 $ 1,533 Accounts and notes receivable, net 400 112 512 Prepaid expenses and other current assets 384 76 (a) 460 Advertising cooperative assets, restricted 201 (201 ) — Total Current Assets 2,507 (2 ) 2,505 Property, plant and equipment, net 1,697 11 1,708 Goodwill 512 — 512 Intangible assets, net 110 — 110 Other assets 346 118 464 Deferred income taxes 139 26 165 Total Assets $ 5,311 $ 153 $ 5,464 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current Liabilities Accounts payable and other current liabilities $ 813 $ 220 $ 1,033 Income taxes payable 123 — 123 Short-term borrowings 375 — 375 Advertising cooperative liabilities 201 (201 ) — Total Current Liabilities 1,512 19 1,531 Long-term debt 9,429 — 9,429 Other liabilities and deferred credits 704 353 1,057 Total Liabilities 11,645 372 12,017 Shareholders’ Deficit Accumulated deficit (6,063 ) (240 ) (6,303 ) Accumulated other comprehensive loss (271 ) 21 (250 ) Total Shareholders’ Deficit (6,334 ) (219 ) (6,553 ) Total Liabilities and Shareholders’ Deficit $ 5,311 $ 153 $ 5,464 (a) Includes $58 million of restricted cash related to advertising cooperatives. These balances can only be used to settle obligations of the respective cooperatives. We recorded an increase in Accounts payable and other current liabilities and Other liabilities and deferred credits of $57 million and $335 million , respectively, as part of our cumulative adjustment related to unamortized upfront franchise fees, with a corresponding $392 million increase in Accumulated deficit. We recorded increases in Prepaid expenses and other current assets and Other assets of $18 million and $118 million , respectively, as part of our cumulative adjustment related to unamortized franchise incentives, with a corresponding $136 million decrease in Accumulated deficit. Deferred income taxes increased $26 million as a result of recording the tax effects of the two adjustments noted above, with a corresponding decrease to Accumulated deficit. Accumulated other comprehensive loss decreased $21 million as a result of recognizing the impact of foreign currency translation related to the three adjustments noted above, with a corresponding increase in Accumulated deficit. The remaining adjustments to our December 31, 2017 Condensed Consolidated Balance Sheet are primarily a result of reclassifying the assets and liabilities of our consolidated advertising cooperates from Advertising cooperative assets, restricted and Advertising cooperative liabilities to the respective balance sheet caption to which the assets and liabilities relate. The following tables reflect the impact of adopting Topic 606 on our Condensed Consolidated Statement of Income for the quarter ended March 31, 2018 and our Condensed Consolidated Balance Sheet as of March 31, 2018 as well as the amounts as if the guidance that was in effect prior to adoption were applied: CONDENSED CONSOLIDATED STATEMENT OF INCOME Quarter ended 3/31/2018 Revenues As Reported Impact Balances without Adoption of Topic 606 Company sales $ 512 $ — $ 512 Franchise and property revenues 584 5 589 Franchise contributions for advertising and other services 275 (275 ) — Total revenues 1,371 (270 ) 1,101 Costs and Expenses, Net Company restaurant expenses 438 — 438 General and administrative expenses 219 — 219 Franchise and property expenses 47 6 53 Franchise advertising and other services expense 272 (272 ) — Refranchising (gain) loss (156 ) — (156 ) Other (income) expense (2 ) — (2 ) Total costs and expenses, net 818 (266 ) 552 Operating Profit 553 (4 ) (a) 549 Investment (income) expense, net (66 ) — (66 ) Other pension (income) expense 3 — 3 Interest expense, net 107 — 107 Income before income taxes 509 (4 ) 505 Income tax provision 76 (1 ) 75 Net Income $ 433 $ (3 ) $ 430 Basic Earnings Per Common Share $ 1.30 $ (0.01 ) $ 1.29 Diluted Earnings Per Common Share $ 1.27 $ (0.01 ) $ 1.26 (a) Includes $4 million of franchise incentive payments related to the KFC U.S. Acceleration Agreement and the Pizza Hut U.S. Transformation Agreement that would have been expensed immediately and that we would not have allocated to the KFC Division or the Pizza Hut Division under Legacy GAAP. Upon the adoption of Topic 606, these payments have been capitalized as assets. Upon adopting Topic 606 the timing and amount of revenue recognized for upfront franchise fees and franchise incentives changed from upfront recognition under Legacy GAAP to recognition over the term of the franchise agreement to which the fees and incentives relate. Also, under Legacy GAAP, amounts reported as Franchise contributions for advertising and other services and Franchise advertising and other services expense were presented on a net basis. Upon the adoption of Topic 606 these amounts require gross presentation in our Condensed Consolidated Statements of Income. Lastly, Legacy GAAP required that certain value-added taxes withheld and remitted on our behalf by our franchisees be reported as revenue and corresponding expense in our Condensed Consolidated Statements of Income. Upon adoption of Topic 606 these taxes are reported on a net basis as a reduction in Franchise and property revenues. CONDENSED CONSOLIDATED BALANCE SHEET As Reported 3/31/2018 Impact Balances without Adoption of Topic 606 3/31/2018 ASSETS Current Assets Cash and cash equivalents $ 982 $ (20 ) $ 962 Accounts and notes receivable, net 501 (109 ) 392 Prepaid expenses and other current assets 406 (71 ) 335 Advertising cooperative assets, restricted — 197 197 Total Current Assets 1,889 (3 ) 1,886 Property, plant and equipment, net 1,651 (13 ) 1,638 Goodwill 514 — 514 Intangible assets, net 105 — 105 Other assets 490 (118 ) 372 Deferred income taxes 187 (24 ) 163 Total Assets $ 4,836 $ (158 ) $ 4,678 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current Liabilities Accounts payable and other current liabilities $ 924 $ (235 ) $ 689 Income taxes payable 124 — 124 Short-term borrowings 61 — 61 Advertising cooperative liabilities — 197 197 Total Current Liabilities 1,109 (38 ) 1,071 Long-term debt 9,419 — 9,419 Other liabilities and deferred credits 1,062 (339 ) 723 Total Liabilities 11,590 (377 ) 11,213 Shareholders’ Deficit Accumulated deficit (6,539 ) 242 (6,297 ) Accumulated other comprehensive loss (215 ) (23 ) (238 ) Total Shareholders’ Deficit (6,754 ) 219 (6,535 ) Total Liabilities and Shareholders’ Deficit $ 4,836 $ (158 ) $ 4,678 The significant impacts resulting from the adoption of Topic 606 on our Condensed Consolidated Balance Sheet as of March 31, 2018, are consistent with those recorded as of January 1, 2018 as described previously. Under Legacy GAAP, Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents pertaining to advertising cooperatives that we were required to consolidate were classified within Advertising cooperative assets, restricted. Upon adoption of Topic 606 these amounts are reflected on our Condensed Consolidated Balance Sheet and changes in these balances are reported within our Condensed Consolidated Statement of Cash Flows. The transition to Topic 606 resulted in a decrease in Net Cash Provided by Operating Activities of $20 million during the quarter ended March 31, 2018 due to the timing of spending in these cooperatives. Investment in Grubhub As discussed in Note 12, one of our subsidiaries entered into an investment agreement to purchase shares of Grubhub common stock. In the quarter ended March 31, 2018 we recognized income of $66 million related to the mark-to-market of this investment agreement. See Note 12 for further discussion of the investment agreement. Non-cash Pension Adjustment During the quarter ended March 31, 2017, as a result of the completion of a pension data review and reconciliation, we recorded a non-cash, out-of-year charge of $22 million

Other (Income) Expense

Other (Income) Expense	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
Other (Income) Expense	Other (Income) Expense

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	3 Months Ended
	Mar. 31, 2018
Supplemental Balance Sheet Information Disclosure [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information Accounts and Notes Receivable, net The Company’s receivables are primarily generated as a result of ongoing business relationships with our franchisees as a result of franchise and lease agreements. Trade receivables consisting of royalties from franchisees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable, net on our Condensed Consolidated Balance Sheets. Upon adoption of Topic 606, Accounts and notes receivable, net also includes receivables generated from advertising cooperatives that we consolidate which were previously recorded in Advertising cooperative assets, restricted. 3/31/2018 12/31/2017 Accounts and notes receivable, gross $ 527 $ 419 Allowance for doubtful accounts (26 ) (19 ) Accounts and notes receivable, net $ 501 $ 400 Property, Plant and Equipment, net 3/31/2018 12/31/2017 Property, plant and equipment, gross $ 3,118 $ 3,177 Accumulated depreciation and amortization (1,467 ) (1,480 ) Property, plant and equipment, net $ 1,651 $ 1,697 Assets held-for-sale at March 31, 2018 and December 31, 2017 total $29 million and $37 million , respectively, and are included in Prepaid expenses and other current assets on our Condensed Consolidated Balance Sheets. Reconciliation of Cash and cash equivalents for Condensed Consolidated Statements of Cash Flows 3/31/2018 12/31/2017 Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets $ 982 $ 1,522 Restricted cash included in Prepaid expenses and other current assets (a) 84 60 Restricted cash included in Other assets (b) 17 17 Cash, Cash Equivalents and Restricted Cash as presented in Condensed Consolidated Statements of Cash Flows (c) $ 1,083 $ 1,599 (a) Restricted cash within Prepaid expenses and other current assets primarily relates to the Taco Bell Securitization interest reserves and cash related to advertising cooperatives that we consolidate which can only be used to settle obligations of the respective cooperatives. (b) Primarily trust accounts related to our self-insurance program and cash balances required, to the extent necessary, to meet statutory minimum net worth requirements for legal entities which enter into U.S. franchise agreements. (c) Upon adoption of Topic 606 we reclassified $11 million and $58 million , respectively, from Advertising cooperative assets, restricted to Cash and cash equivalents and Prepaid expenses and other current assets. These amounts are included in the Beginning of Period balance of Cash, Cash Equivalents, Restricted Cash and Restricted Cash equivalents in our Condensed Consolidated Statement of Cash Flows for the quarter ended March 31, 2018.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Quarter ended 2018 2017 Income tax provision $ 76 $ 67 Effective tax rate 15.0 % 19.4 % Our first quarter effective tax rate was lower than prior year primarily due to the favorable impact of the reduction in the U.S. federal statutory tax rate, as described below, and lapping the cost of repatriating foreign earnings in the prior year, partially offset in the quarter ended March 31, 2018 by the charge of $16 million as described below. In both periods, our effective tax rate benefited from excess tax benefits associated with employee share-based payments. On December 22, 2017, the U.S. government enacted comprehensive Federal tax legislation commonly referred to as the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). The Tax Act significantly modified the U.S. corporate income tax system by, among other things, reducing the federal income tax rate from 35% to 21% , limiting certain deductions, including limiting the deductibility of interest expense to 30% of U.S. Earnings Before Interest, Taxes, Depreciation and Amortization, imposing a mandatory one-time deemed repatriation tax on accumulated foreign earnings and creating a territorial tax system that changes the manner in which future foreign earnings are subject to U.S. tax including the elimination of U.S. federal tax on dividends from foreign subsidiaries, a provision designed to tax global intangible low-taxed income ("GILTI") of foreign subsidiaries and a lower U.S. effective tax rate on certain revenues from sources outside the U.S. On December 22, 2017, the SEC staff issued Staff Accounting Bulletin 118 ("SAB 118") that allows us to record provisional amounts related to the impacts of the Tax Act during a measurement period not to extend beyond one year of the enactment date. In the quarter ended December 31, 2017, we recorded a provisional discrete net tax expense associated with the Tax Act. In the quarter ended March 31, 2018, we recorded a provisional charge of $16 million as an adjustment to the amounts recorded at December 31, 2017 related to the mandatory one-time deemed repatriation tax on accumulated foreign earnings. As of March 31, 2018, the amounts recorded for the Tax Act remain provisional for the mandatory one-time deemed repatriation tax on accumulated foreign earnings, the remeasurement of deferred taxes, and our reassessment of permanently reinvested earnings, uncertain tax positions and valuation allowances. These estimates may be impacted by further analysis and future clarification and guidance regarding available tax accounting methods and elections, earnings and profits computations, state tax conformity to federal tax changes and the impact of the GILTI provisions. We expect to complete our analysis of the amounts recorded upon enactment of the Tax Act within SAB 118's measurement period of one year.

Reportable Operating Segments

Reportable Operating Segments	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Reportable Operating Segments	Reportable Operating Segments We identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments: Quarter ended Revenues 2018 2017 KFC Division $ 658 $ 732 Pizza Hut Division 251 234 Taco Bell Division 462 451 $ 1,371 $ 1,417 Quarter ended Operating Profit 2018 2017 KFC Division $ 221 $ 207 Pizza Hut Division 88 83 Taco Bell Division 132 141 Unallocated Franchise and property expenses (a) (1 ) (3 ) Corporate and unallocated G&A expenses (b) (44 ) (53 ) Unallocated Refranchising gain (loss) (See Note 5) 156 111 Unallocated Other income (expense) 1 (2 ) Operating Profit $ 553 $ 484 Investment income (expense), net (See Note 12) 66 1 Other pension income (expense) (See Note 10) (3 ) (28 ) Interest expense, net (107 ) (110 ) Income before income taxes $ 509 $ 347 (a) Represents costs associated with the KFC U.S. Acceleration Agreement. 2018 also includes costs associated with the Pizza Hut U.S. Transformation Agreement. See Note 5. (b) Amounts include charges associated with YUM's Strategic Transformation Initiatives of $1 million for the quarter ended March 31, 2018 , and $7 million

Pension Benefits

Pension Benefits	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Pension Benefits	Pension Benefits We sponsor qualified and supplemental (non-qualified) noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees. The most significant of these plans, the YUM Retirement Plan (the "Plan"), is funded. We fund our other U.S. plans as benefits are paid. The Plan and our most significant non-qualified plan in the U.S. are closed to new salaried participants. The components of net periodic benefit cost associated with our significant U.S. pension plans are as follows: Quarter ended 2018 2017 Service cost $ 2 $ 3 Interest cost 9 10 Expected return on plan assets (10 ) (12 ) Amortization of net loss 4 2 Amortization of prior service cost 1 1 Net periodic benefit cost $ 6 $ 4 Additional loss recognized due to settlements (a) $ 1 $ 5 Pension data adjustment (b) $ — $ 22 (a) Losses are a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense. (b)

Short-term Borrowings and Long-

Short-term Borrowings and Long-term Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Short-term Borrowings and Long-term Debt	Short-term Borrowings and Long-term Debt Short-term Borrowings 3/31/2018 12/31/2017 Current maturities of long-term debt $ 67 $ 386 Other 5 — $ 72 $ 386 Less current portion of debt issuance costs and discounts (11 ) (11 ) Short-term borrowings $ 61 $ 375 Long-term Debt Securitization Notes $ 2,271 $ 2,271 Subsidiary Senior Unsecured Notes 2,850 2,850 Term Loan A Facility 500 500 Term Loan B Facility 1,970 1,975 YUM Senior Unsecured Notes (a) 1,875 2,200 Capital lease obligations 103 105 $ 9,569 $ 9,901 Less debt issuance costs and discounts (83 ) (86 ) Less current maturities of long-term debt (67 ) (386 ) Long-term debt $ 9,419 $ 9,429 (a) During the quarter, we repaid $325 million in YUM Senior Unsecured Notes that matured in March 2018. Revolving Facility As of March 31, 2018, we had no borrowings outstanding under our $1 billion revolving facility (the "Revolving Facility") with $8 million in letters of credit outstanding. Funds available under the Revolving Facility may be used to repay other debt, finance debt or share repurchases, fund acquisitions or capital expenditures and for other general corporate purposes. Credit Agreement Repricing Subsequent to the end of the first quarter, on April 3, 2018, KFC Holding Co., Pizza Hut Holdings, LLC, a limited liability company, and Taco Bell of America, LLC, a limited liability company, as co-borrowers (collectively, the “Borrowers”), each of which is a wholly-owned subsidiary of the Company, completed the repricing of the then existing $1.97 billion under the Term Loan B Facility pursuant to an amendment to the Credit Agreement (as defined in our 2017 Form 10-K). The amendment reduces the interest rate applicable to the Term Loan B Facility by 25 basis points to adjusted LIBOR plus 1.75% or Base Rate plus 0.75% , at the Borrowers’ election, and extends the maturity date for the Term Loan B Facility by 2 years to April 3, 2025. All other material provisions under the Credit Agreement remained unchanged as a result of this amendment. Details of our short-term borrowings and long-term debt as of December 31, 2017 can be found within our 2017 Form 10-K. Cash paid for interest during the quarters ended March 31, 2018 and 2017 was $71 million and $68 million

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Forward Contract to Purchase Shares in Grubhub On February 7, 2018, certain of our subsidiaries entered into a master services agreement with a subsidiary of Grubhub, the leading online and mobile takeout food-ordering company in the U.S., which is intended to provide dedicated support for the KFC and Taco Bell branded online delivery channels in the U.S. through Grubhub’s online ordering platform, logistics and last-mile support for delivery orders, as well as point-of-sale integration to streamline operations. Concurrently with the master services agreement, one of our subsidiaries entered into an investment agreement with Grubhub to invest $200 million in exchange for approximately 2.8 million shares of Grubhub common stock, subject to customary closing conditions. The terms of the investment agreement constituted a forward contract to purchase Grubhub common stock that represented a derivative that was required to be recorded at fair value as of March 31, 2018. The forward contract was estimated to have a fair value of $66 million , as of March 31, 2018 which was recorded as Investment (income) expense, net on our Condensed Consolidated Statement of Income. The fair value determination included the appreciation of the underlying common shares since entering into the agreement less valuation adjustments related to transfer restrictions on the underlying shares and assumptions as of March 31, 2018 regarding the likelihood of obtaining necessary regulatory approvals in connection with closing the investment agreement. Subsequent to March 31, 2018 all necessary regulatory approvals were obtained and the purchase of the Grubhub shares was consummated on April 25, 2018. Shares acquired as part of this purchase are restricted from being transferred until the earlier of the two-year anniversary of closing the investment agreement or 30 days following the termination of our master services agreement with Grubhub. Interest Rate Swaps We have entered into interest rate swaps with the objective of reducing our exposure to interest rate risk for a portion of our variable-rate debt interest payments. At March 31, 2018 and December 31, 2017, our interest rate swaps outstanding had notional amounts of $1.55 billion . These interest rate swaps will expire in July 2021 and are designated cash flow hedges as the changes in the future cash flows of the swaps are expected to offset changes in expected future interest payments on the related variable-rate debt. There were no other interest rate swaps outstanding as of March 31, 2018. Gains or losses on the interest rate swaps are reported as a component of AOCI and reclassified into Interest expense, net in our Condensed Consolidated Statements of Income in the same period or periods during which the related hedged interest payments affect earnings. Through March 31, 2018, the swaps were highly effective cash flow hedges. Foreign Currency Contracts We have entered into foreign currency forward and swap contracts with the objective of reducing our exposure to earnings volatility arising from foreign currency fluctuations associated with certain foreign currency denominated intercompany receivables and payables. The notional amount, maturity date, and currency of these contracts match those of the underlying intercompany receivables or payables. These foreign currency contracts are designated cash flow hedges as the future cash flows of the contracts are expected to offset changes in intercompany receivables and payables due to foreign currency exchange rate fluctuations. Gains or losses on the foreign currency contracts are reported as a component of AOCI. Amounts are reclassified from AOCI each quarter to offset foreign currency transaction gains or losses recorded within Other (income) expense when the related intercompany receivables and payables affect earnings due to their functional currency remeasurements. Through March 31, 2018, all foreign currency forward and swap contracts related to intercompany receivables and payables were highly effective cash flow hedges. As of both March 31, 2018 and December 31, 2017, foreign currency forward and swap contracts outstanding related to intercompany receivables and payables had total notional amounts of $456 million . As of March 31, 2018 these foreign currency forward and swap contracts have durations expiring as late as 2020. As a result of the use of interest rate swaps and foreign currency contracts, the Company is exposed to risk that the counterparties will fail to meet their contractual obligations. To mitigate the counterparty credit risk, we only enter into contracts with carefully selected major financial institutions based upon their credit ratings and other factors, and continually assess the creditworthiness of counterparties. At March 31, 2018, all of the counterparties to our interest rate swaps and foreign currency contracts had investment grade ratings according to the three major ratings agencies. To date, all counterparties have performed in accordance with their contractual obligations. Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income: Quarter ended Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income 2018 2017 2018 2017 Interest rate swaps $ 18 $ (1 ) $ (1 ) $ 2 Foreign currency contracts (16 ) (2 ) 12 5 Income tax benefit/(expense) (4 ) — — (1 ) As of March 31, 2018, the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the next 12 months is $18 million , based on current LIBOR interest rates.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Disclosures As of March 31, 2018 , the carrying values of cash and cash equivalents, restricted cash, short-term investments, accounts receivable and accounts payable approximated their fair values because of the short-term nature of these instruments. The fair value of notes receivable net of allowances and lease guarantees less subsequent amortization approximates their carrying value. The following table presents the carrying value and estimated fair value of the Company’s debt obligations: 3/31/2018 12/31/2017 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 2,271 $ 2,364 $ 2,271 $ 2,367 Subsidiary Senior Unsecured Notes (b) 2,850 2,863 2,850 2,983 Term Loan A Facility (b) 500 502 500 503 Term Loan B Facility (b) 1,970 1,981 1,975 1,990 YUM Senior Unsecured Notes (b) 1,875 1,915 2,200 2,277 (a) We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets. (b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates. Recurring Fair Value Measurements The Company has interest rate swaps, foreign currency contracts, a forward contract to purchase Grubhub shares and other investments, all of which are required to be measured at fair value on a recurring basis (See Note 12 for discussion regarding derivative instruments). The following table presents fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall. No transfers among the levels within the fair value hierarchy occurred during the quarter ended March 31, 2018 . Fair Value Level 3/31/2018 12/31/2017 Condensed Consolidated Balance Sheet Interest Rate Swaps - Asset 2 14 9 Prepaid expenses and other current assets Interest Rate Swaps - Asset 2 51 40 Other assets Foreign Currency Contracts - Liability 2 60 46 Other liabilities and deferred credits Foreign Currency Contracts - Asset 2 4 5 Prepaid expenses and other current assets Forward Contract to Purchase Grubhub Common Stock 1 66 — Other assets Other Investments 1 28 29 Other assets The fair value of the Company’s foreign currency contracts and interest rate swaps were determined based on the present value of expected future cash flows considering the risks involved, including nonperformance risk, and using discount rates appropriate for the duration based upon observable inputs. The fair value of the forward contract to purchase 2.8 million shares of Grubhub common stock was determined based on closing market prices of similar contracts as of March 31, 2018. We do not believe the valuation adjustments discussed in Note 12 regarding the transfer restrictions or probability of closure are significant inputs to the fair value measurement of the forward contract. The other investments include investments in mutual funds, which are used to offset fluctuations in deferred compensation liabilities that employees have chosen to invest in phantom shares of a stock index fund or bond index fund. The other investments' fair value is determined based on the closing market prices of the respective mutual funds as of March 31, 2018

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Guarantees, Commitments and Contingencies	Contingencies Lease Guarantees As a result of having assigned our interest in obligations under real estate leases as a condition to the refranchising of certain Company restaurants and guaranteeing certain other leases, we are frequently contingently liable on lease agreements. These leases have varying terms, the latest of which expires in 2065. As of March 31, 2018 , the potential amount of undiscounted payments we could be required to make in the event of non-payment by the primary lessees was approximately $600 million . The present value of these potential payments discounted at our pre-tax cost of debt at March 31, 2018 , was approximately $500 million . Our franchisees are the primary lessees under the vast majority of these leases. We generally have cross-default provisions with these franchisees that would put them in default of their franchise agreements in the event of non-payment under the leases. We believe these cross-default provisions significantly reduce the risk that we will be required to make payments under these leases. Accordingly, the liability recorded for our probable exposure under such leases as of March 31, 2018 was not material. Franchise Loan Pool and Equipment Guarantees We have agreed to provide financial support, if required, to a variable interest entity that operates a franchisee lending program used primarily to assist franchisees in the development of new restaurants or the upgrade of existing restaurants and, to a lesser extent, in connection with the Company’s refranchising programs in the U.S. We have determined that we are not required to consolidate this entity as we share the power to direct this entity’s lending activity with other parties. We have provided guarantees of 20% of the outstanding loans of the franchisee loan program. As such, at March 31, 2018 , our guarantee exposure under this program is approximately $2 million based on total loans outstanding of $11 million . In addition to the guarantees described above, YUM has agreed to provide guarantees of up to approximately $42 million on behalf of franchisees for several programs related to equipment purchases and refranchising. At March 31, 2018 , our guarantee exposure under these financing programs is approximately $11 million . Legal Proceedings We are subject to various claims and contingencies related to lawsuits, real estate, environmental and other matters arising in the normal course of business. An accrual is recorded with respect to claims or contingencies for which a loss is determined to be probable and reasonably estimable.

Revenue Recognition Accountin21

Revenue Recognition Accounting Policy (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition, Multiple-deliverable Arrangements [Table Text Block]
Disaggregation of Revenue [Table Text Block]	The following table disaggregates revenue by Concept and our most significant markets based on Operating Profit. We believe this disaggregation best reflects how the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors. Quarter ended 3/31/2018 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 17 $ 14 $ 242 $ 273 Franchise and property revenues 44 70 122 236 Franchise contributions for advertising and other services 2 65 91 158 China Franchise and property revenues 54 16 — 70 Other Company sales 228 10 1 239 Franchise and property revenues 209 63 6 278 Franchise contributions for advertising and other services 104 13 — 117 $ 658 $ 251 $ 462 $ 1,371
Deferred Franchise Fees [Table Text Block]	A summary of significant changes to the contract liability balance during the first quarter of 2018 is presented below. Deferred Franchise Fees Balance at January 1, 2018 $ 392 Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period (17 ) Increases due to cash received, excluding amounts recognized as revenue during the period 20 Balance at March 31, 2018 $ 395
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows: Less than 1 year $ 56 1 - 2 years 53 2 - 3 years 49 3 - 4 years 45 4 - 5 years 40 Thereafter 152 Total $ 395

Earnings Per Common Share ("E22

Earnings Per Common Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Common Share Table	Quarter ended 2018 2017 Net Income $ 433 $ 280 Weighted-average common shares outstanding (for basic calculation) 332 357 Effect of dilutive share-based employee compensation 8 7 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 340 364 Basic EPS $ 1.30 $ 0.78 Diluted EPS $ 1.27 $ 0.77 Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation (a) 2.3 1.7 (a)

Shareholders' Deficit (Tables)

Shareholders' Deficit (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCI are presented below. Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature Pension and Post-Retirement Benefits Derivative Instruments Total Balance at December 31, 2017, net of tax $ (174 ) $ (106 ) $ 9 $ (271 ) Adoption of accounting standards 21 (a) (17 ) (b) (2 ) (b) 2 Gains (losses) arising during the period classified into AOCI, net of tax 39 — (2 ) 37 (Gains) losses reclassified from AOCI, net of tax 1 5 11 17 OCI, net of tax 61 (12 ) 7 56 Balance at March 31, 2018, net of tax $ (113 ) $ (118 ) $ 16 $ (215 ) (a) Represents the impact of foreign currency translation from the adoption of Topic 606. See Notes 2 and 5. (b)
Repurchase Of Shares Of Common Stock	Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the quarters ended March 31, 2018 and 2017 as indicated below. All amounts exclude applicable transaction fees. Shares Repurchased (thousands) Dollar Value of Shares Repurchased Remaining Dollar Value of Shares that may be Repurchased Authorization Date 2018 2017 2018 2017 2018 November 2016 — 6,849 $ — $ 442 $ — November 2017 6,507 — 528 — 972 Total 6,507 (a) 6,849 (b) $ 528 (a) $ 442 (b) $ 972 (a) Includes the effect of $30 million in share repurchases ( 0.4 million shares) with trade dates prior to March 31, 2018, but cash settlement dates subsequent to March 31, 2018. (b) Includes the effect of $26 million in share repurchases ( 0.4 million shares) with trade dates on, or prior to, March 31, 2017, but cash settlement dates subsequent to March 31, 2017 and excludes the effect of $45 million in share purchases ( 0.7 million shares) with trades dates prior to December 31, 2016, but cash settlement dates subsequent to December 31, 2016.

Items Affecting Comparability24

Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2018
Items Affecting Comparability of Net Income and Cash Flows [Abstract]
Revenue Recognition adjustments made to Condensed Consolidated Balance Sheet [Table Text Block]	As a result, the following adjustments were made to the Condensed Consolidated Balance Sheet as of January 1, 2018: CONDENSED CONSOLIDATED BALANCE SHEET As Reported 12/31/2017 Adjustments Balances with Adoption of Topic 606 1/1/2018 ASSETS Current Assets Cash and cash equivalents $ 1,522 $ 11 $ 1,533 Accounts and notes receivable, net 400 112 512 Prepaid expenses and other current assets 384 76 (a) 460 Advertising cooperative assets, restricted 201 (201 ) — Total Current Assets 2,507 (2 ) 2,505 Property, plant and equipment, net 1,697 11 1,708 Goodwill 512 — 512 Intangible assets, net 110 — 110 Other assets 346 118 464 Deferred income taxes 139 26 165 Total Assets $ 5,311 $ 153 $ 5,464 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current Liabilities Accounts payable and other current liabilities $ 813 $ 220 $ 1,033 Income taxes payable 123 — 123 Short-term borrowings 375 — 375 Advertising cooperative liabilities 201 (201 ) — Total Current Liabilities 1,512 19 1,531 Long-term debt 9,429 — 9,429 Other liabilities and deferred credits 704 353 1,057 Total Liabilities 11,645 372 12,017 Shareholders’ Deficit Accumulated deficit (6,063 ) (240 ) (6,303 ) Accumulated other comprehensive loss (271 ) 21 (250 ) Total Shareholders’ Deficit (6,334 ) (219 ) (6,553 ) Total Liabilities and Shareholders’ Deficit $ 5,311 $ 153 $ 5,464 (a) Includes $58 million CONDENSED CONSOLIDATED BALANCE SHEET As Reported 3/31/2018 Impact Balances without Adoption of Topic 606 3/31/2018 ASSETS Current Assets Cash and cash equivalents $ 982 $ (20 ) $ 962 Accounts and notes receivable, net 501 (109 ) 392 Prepaid expenses and other current assets 406 (71 ) 335 Advertising cooperative assets, restricted — 197 197 Total Current Assets 1,889 (3 ) 1,886 Property, plant and equipment, net 1,651 (13 ) 1,638 Goodwill 514 — 514 Intangible assets, net 105 — 105 Other assets 490 (118 ) 372 Deferred income taxes 187 (24 ) 163 Total Assets $ 4,836 $ (158 ) $ 4,678 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current Liabilities Accounts payable and other current liabilities $ 924 $ (235 ) $ 689 Income taxes payable 124 — 124 Short-term borrowings 61 — 61 Advertising cooperative liabilities — 197 197 Total Current Liabilities 1,109 (38 ) 1,071 Long-term debt 9,419 — 9,419 Other liabilities and deferred credits 1,062 (339 ) 723 Total Liabilities 11,590 (377 ) 11,213 Shareholders’ Deficit Accumulated deficit (6,539 ) 242 (6,297 ) Accumulated other comprehensive loss (215 ) (23 ) (238 ) Total Shareholders’ Deficit (6,754 ) 219 (6,535 ) Total Liabilities and Shareholders’ Deficit $ 4,836 $ (158 ) $ 4,678
Impact of adopting Topic 606 on our Condensed Consolidated Statements of Income [Table Text Block]	The following tables reflect the impact of adopting Topic 606 on our Condensed Consolidated Statement of Income for the quarter ended March 31, 2018 and our Condensed Consolidated Balance Sheet as of March 31, 2018 as well as the amounts as if the guidance that was in effect prior to adoption were applied: CONDENSED CONSOLIDATED STATEMENT OF INCOME Quarter ended 3/31/2018 Revenues As Reported Impact Balances without Adoption of Topic 606 Company sales $ 512 $ — $ 512 Franchise and property revenues 584 5 589 Franchise contributions for advertising and other services 275 (275 ) — Total revenues 1,371 (270 ) 1,101 Costs and Expenses, Net Company restaurant expenses 438 — 438 General and administrative expenses 219 — 219 Franchise and property expenses 47 6 53 Franchise advertising and other services expense 272 (272 ) — Refranchising (gain) loss (156 ) — (156 ) Other (income) expense (2 ) — (2 ) Total costs and expenses, net 818 (266 ) 552 Operating Profit 553 (4 ) (a) 549 Investment (income) expense, net (66 ) — (66 ) Other pension (income) expense 3 — 3 Interest expense, net 107 — 107 Income before income taxes 509 (4 ) 505 Income tax provision 76 (1 ) 75 Net Income $ 433 $ (3 ) $ 430 Basic Earnings Per Common Share $ 1.30 $ (0.01 ) $ 1.29 Diluted Earnings Per Common Share $ 1.27 $ (0.01 ) $ 1.26 (a) Includes $4 million of franchise incentive payments related to the KFC U.S. Acceleration Agreement and the Pizza Hut U.S. Transformation Agreement that would have been expensed immediately and that we would not have allocated to the KFC Division or the Pizza Hut Division under Legacy GAAP. Upon the adoption of Topic 606, these payments have been capitalized as assets.

Supplemental Balance Sheet In25

Supplemental Balance Sheet Information (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Balance Sheet Information Disclosure [Abstract]
Schedule of Cash and Cash Equivalents [Table Text Block]	3/31/2018 12/31/2017 Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets $ 982 $ 1,522 Restricted cash included in Prepaid expenses and other current assets (a) 84 60 Restricted cash included in Other assets (b) 17 17 Cash, Cash Equivalents and Restricted Cash as presented in Condensed Consolidated Statements of Cash Flows (c) $ 1,083 $ 1,599 (a) Restricted cash within Prepaid expenses and other current assets primarily relates to the Taco Bell Securitization interest reserves and cash related to advertising cooperatives that we consolidate which can only be used to settle obligations of the respective cooperatives. (b) Primarily trust accounts related to our self-insurance program and cash balances required, to the extent necessary, to meet statutory minimum net worth requirements for legal entities which enter into U.S. franchise agreements. (c) Upon adoption of Topic 606 we reclassified $11 million and $58 million , respectively, from Advertising cooperative assets, restricted to Cash and cash equivalents and Prepaid expenses and other current assets. These amounts are included in the Beginning of Period balance of Cash, Cash Equivalents, Restricted Cash and Restricted Cash equivalents in our Condensed Consolidated Statement of Cash Flows for the quarter ended March 31, 2018.
Accounts and Notes Receivable	3/31/2018 12/31/2017 Accounts and notes receivable, gross $ 527 $ 419 Allowance for doubtful accounts (26 ) (19 ) Accounts and notes receivable, net $ 501 $ 400
Property, Plant and Equipment	3/31/2018 12/31/2017 Property, plant and equipment, gross $ 3,118 $ 3,177 Accumulated depreciation and amortization (1,467 ) (1,480 ) Property, plant and equipment, net $ 1,651 $ 1,697

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax And Effective Tax Rate	Quarter ended 2018 2017 Income tax provision $ 76 $ 67 Effective tax rate 15.0 % 19.4 %

Reportable Operating Segments (

Reportable Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize Revenues and Operating Profit for each of our reportable operating segments: Quarter ended Revenues 2018 2017 KFC Division $ 658 $ 732 Pizza Hut Division 251 234 Taco Bell Division 462 451 $ 1,371 $ 1,417 Quarter ended Operating Profit 2018 2017 KFC Division $ 221 $ 207 Pizza Hut Division 88 83 Taco Bell Division 132 141 Unallocated Franchise and property expenses (a) (1 ) (3 ) Corporate and unallocated G&A expenses (b) (44 ) (53 ) Unallocated Refranchising gain (loss) (See Note 5) 156 111 Unallocated Other income (expense) 1 (2 ) Operating Profit $ 553 $ 484 Investment income (expense), net (See Note 12) 66 1 Other pension income (expense) (See Note 10) (3 ) (28 ) Interest expense, net (107 ) (110 ) Income before income taxes $ 509 $ 347 (a) Represents costs associated with the KFC U.S. Acceleration Agreement. 2018 also includes costs associated with the Pizza Hut U.S. Transformation Agreement. See Note 5. (b) Amounts include charges associated with YUM's Strategic Transformation Initiatives of $1 million for the quarter ended March 31, 2018 , and $7 million

Pension Benefits (Tables)

Pension Benefits (Tables)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost associated with our significant U.S. pension plans are as follows: Quarter ended 2018 2017 Service cost $ 2 $ 3 Interest cost 9 10 Expected return on plan assets (10 ) (12 ) Amortization of net loss 4 2 Amortization of prior service cost 1 1 Net periodic benefit cost $ 6 $ 4 Additional loss recognized due to settlements (a) $ 1 $ 5 Pension data adjustment (b) $ — $ 22 (a) Losses are a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense. (b) Reflects a non-cash, out-of-year charge related to the adjustment of certain historical deferred vested liability balances in the Plan during the first quarter of 2017 recorded in Other pension (income) expense. See Note 5.

Short-term Borrowings and Lon29

Short-term Borrowings and Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Short-term Borrowings and Long-term Debt	Short-term Borrowings 3/31/2018 12/31/2017 Current maturities of long-term debt $ 67 $ 386 Other 5 — $ 72 $ 386 Less current portion of debt issuance costs and discounts (11 ) (11 ) Short-term borrowings $ 61 $ 375 Long-term Debt Securitization Notes $ 2,271 $ 2,271 Subsidiary Senior Unsecured Notes 2,850 2,850 Term Loan A Facility 500 500 Term Loan B Facility 1,970 1,975 YUM Senior Unsecured Notes (a) 1,875 2,200 Capital lease obligations 103 105 $ 9,569 $ 9,901 Less debt issuance costs and discounts (83 ) (86 ) Less current maturities of long-term debt (67 ) (386 ) Long-term debt $ 9,419 $ 9,429 (a) During the quarter, we repaid $325 million 3/31/2018 12/31/2017 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 2,271 $ 2,364 $ 2,271 $ 2,367 Subsidiary Senior Unsecured Notes (b) 2,850 2,863 2,850 2,983 Term Loan A Facility (b) 500 502 500 503 Term Loan B Facility (b) 1,970 1,981 1,975 1,990 YUM Senior Unsecured Notes (b) 1,875 1,915 2,200 2,277 (a) We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets. (b)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gains and losses on derivative instruments designated as cash flow hedges recognized in other comprehensive income and reclassifications from AOCI to earnings	Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income: Quarter ended Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income 2018 2017 2018 2017 Interest rate swaps $ 18 $ (1 ) $ (1 ) $ 2 Foreign currency contracts (16 ) (2 ) 12 5 Income tax benefit/(expense) (4 ) — — (1 )

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Fair Value Level 3/31/2018 12/31/2017 Condensed Consolidated Balance Sheet Interest Rate Swaps - Asset 2 14 9 Prepaid expenses and other current assets Interest Rate Swaps - Asset 2 51 40 Other assets Foreign Currency Contracts - Liability 2 60 46 Other liabilities and deferred credits Foreign Currency Contracts - Asset 2 4 5 Prepaid expenses and other current assets Forward Contract to Purchase Grubhub Common Stock 1 66 — Other assets Other Investments 1 28 29 Other assets

Financial Statement Presentat32

Financial Statement Presentation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)weeksrestaurantscountries_and_territiories
Number of Countries in which Entity Operates | countries_and_territiories	135
Number of Stores | restaurants	45,000
Percent Of System Units Located Outside United States	60.00%
Fiscal Period Weeks Standard for U.S. subsidiaries and certain international subsidiaries	12
Fiscal Period Weeks Standard Fourth Quarter	16
Number of weeks in a standard year	52
Fiscal Period Weeks Standard Fourth Quarter of a 53rd Week Year for U.S. subsidiaries and certain international subsidiaries	17
Number of weeks in a 53rd week year	53
Reclassification from accumulated other comprehensive (income) loss to accumulated deficit for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 | $	$ 19

Financial Statement Presentat33

Financial Statement Presentation (Details 2)	3 Months Ended
	Mar. 31, 2018weeksoperating_segmentsMonths
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Weeks Standard for U.S. subsidiaries and certain international subsidiaries | weeks	12
Fiscal Period Weeks Standard Fourth Quarter | weeks	16
Number of Reportable Segments | operating_segments	3
Fiscal period months standard first quarter	2
Fiscal period months standard second and third quarters	3
Fiscal period months standard fourth quarter	4

Financial Statement Presentat34

Financial Statement Presentation (Details 3) $ in Millions	Jan. 01, 2018USD ($)
Other Assets [Member]
Write-off of unamortized tax consequence of certain historical intra-entity transfers of assets	$ 34

Revenue Recognition Accountin35

Revenue Recognition Accounting Policy (Details)	Mar. 31, 2018Rate
Minimum [Member]
Continuing Fees Rate	4.00%
Maximum [Member]
Continuing Fees Rate	6.00%

Revenue Recognition Accountin36

Revenue Recognition Accounting Policy (Details 2) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Company sales	$ 512	$ 902
Franchise and property revenues	584	515
Franchise contributions for advertising and other services	275	0
Total Revenues	1,371	1,417
KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	658	732
Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	251	234
Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	462	$ 451
UNITED STATES
Disaggregation of Revenue [Line Items]
Company sales	273
Franchise and property revenues	236
Franchise contributions for advertising and other services	158
UNITED STATES | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Company sales	17
Franchise and property revenues	44
Franchise contributions for advertising and other services	2
UNITED STATES | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Company sales	14
Franchise and property revenues	70
Franchise contributions for advertising and other services	65
UNITED STATES | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Company sales	242
Franchise and property revenues	122
Franchise contributions for advertising and other services	91
CHINA
Disaggregation of Revenue [Line Items]
Franchise and property revenues	70
CHINA | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Franchise and property revenues	54
CHINA | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Franchise and property revenues	16
CHINA | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Franchise and property revenues	0
Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Company sales	239
Franchise and property revenues	278
Franchise contributions for advertising and other services	117
Other, Outside the U.S. and China [Member] | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Company sales	228
Franchise and property revenues	209
Franchise contributions for advertising and other services	104
Other, Outside the U.S. and China [Member] | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Company sales	10
Franchise and property revenues	63
Franchise contributions for advertising and other services	13
Other, Outside the U.S. and China [Member] | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Company sales	1
Franchise and property revenues	6
Franchise contributions for advertising and other services	$ 0

Revenue Recognition Accountin37

Revenue Recognition Accounting Policy (Details 3) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total Revenues	$ 1,371	$ 1,417
Deferred Revenue	395		$ 392
Deferred Revenue, Revenue Recognized	(17)
Deferred Revenue, Additions	$ 20

Revenue Recognition Accountin38

Revenue Recognition Accounting Policy (Details 4) - USD ($) $ in Millions	Mar. 31, 2018	Jan. 01, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 395	$ 392
1 year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	56
2 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	53
3 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	49
4 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	45
5 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	40
Thereafter 5 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	$ 152

Earnings Per Common Share ("E39

Earnings Per Common Share ("EPS") (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Net Income - YUM! Brands, Inc.		$ 433	$ 280
Weighted-average common shares outstanding (for basic calculation)		332	357
Effect of dilutive share-based employee compensation		8	7
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)		340	364
Basic EPS		$ 1.30	$ 0.78
Diluted EPS		$ 1.27	$ 0.77
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation	[1]	2.3	1.7
[1]	These unexercised employee stock options and stock appreciation rights were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

Shareholders' Deficit (Details)

Shareholders' Deficit (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2018		Mar. 31, 2017
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	6,507	[1]	6,849	[2]
Dollar Value of Shares Repurchased	$ 528	[1]	$ 442	[2]
Remaining Dollar Value of Shares that may be Repurchased	972
Value of share repurchases with trade dates prior to current reporting date but with settlement dates subsequent to the current reporting date.	$ 30		$ 26
Number of shares repurchased with trade dates prior to current reporting date but with settlement dates subsequent to the current reporting date.	400		400
Value of shares repurchased with trade dates prior to the current reporting quarter, but settlement dates in the current quarter			$ 45
Number of shares repurchased with trade dates prior to the current reporting quarter, but settlement dates in the current quarter			700
November 2016 [Member]
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	0		6,849
Dollar Value of Shares Repurchased	$ 0		$ 442
Remaining Dollar Value of Shares that may be Repurchased	$ 0
November 2017 [Member]
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	6,507		0
Dollar Value of Shares Repurchased	$ 528		$ 0
Remaining Dollar Value of Shares that may be Repurchased	$ 972
[1]	Includes the effect of $30 million in share repurchases ( 0.4 million
[2]	Includes the effect of $26 million in share repurchases ( 0.4 million shares) with trade dates on, or prior to, March 31, 2017, but cash settlement dates subsequent to March 31, 2017 and excludes the effect of $45 million in share purchases ( 0.7 million

Shareholders' Deficit (Details

Shareholders' Deficit (Details 2) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Schedule of changes in accumulated comprehensive income [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	[1],[2]	$ 2
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax		(271)
Gains (losses) arising during the year classified into accumulated OCI, net of tax		37
(Gains) losses reclassified from accumulated OCI, net of tax		17
Other comprehensive income (loss), net of tax		54	$ 75
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax		(215)
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Schedule of changes in accumulated comprehensive income [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	[2]	21
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax		(174)
Gains (losses) arising during the year classified into accumulated OCI, net of tax		39
(Gains) losses reclassified from accumulated OCI, net of tax		1
Other comprehensive income (loss), net of tax		61
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax		(113)
Pension and Post-Retirement Benefits
Schedule of changes in accumulated comprehensive income [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	[3]	(17)
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax		(106)
Gains (losses) arising during the year classified into accumulated OCI, net of tax		0
(Gains) losses reclassified from accumulated OCI, net of tax		5
Other comprehensive income (loss), net of tax		(12)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax		(118)
Derivative Instruments
Schedule of changes in accumulated comprehensive income [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	[3]	(2)
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax		9
Gains (losses) arising during the year classified into accumulated OCI, net of tax		(2)
(Gains) losses reclassified from accumulated OCI, net of tax		11
Other comprehensive income (loss), net of tax		7
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax		16
Balances with Adoption of Topic 606 [Domain]
Schedule of changes in accumulated comprehensive income [Line Items]
Other comprehensive income (loss), net of tax		$ 56
[1]	Includes $58 million
[2]	Represents the impact of foreign currency translation from the adoption of Topic 606. See Notes 2 and 5.
[3]	During the quarter ended March 31, 2018, we adopted a standard that allows for the reclassification from AOCI to Accumulated deficit for stranded tax effects resulting from the Tax Act. See Note 1.

Items Affecting Comparability42

Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details) $ in Millions		3 Months Ended
		Mar. 31, 2018USD ($)restaurants	Mar. 31, 2017USD ($)restaurants
Company sales		$ 512	$ 902
Franchise and property revenues		584	515
Proceeds from refranchising of restaurants		205	185
Refranchising (gain) loss		(156)	(111)
Cost of Goods Sold		(438)	(758)
General and Administrative Expense		(219)	(237)
Franchise Costs		(47)	(46)
Interest Income (Expense), Net		(107)	(110)
Income tax provision		76	67
KFC Global Division [Member]
Refranchising (gain) loss		(57)	1
Unallocated [Member]
Refranchising (gain) loss		(156)	(111)
General and Administrative Expense	[1]	(44)	(53)
Franchise Costs	[2]	(1)	(3)
Pizza Hut Global Division [Member]
Refranchising (gain) loss		(2)	2
Taco Bell Global Division [Member]
Refranchising (gain) loss		(97)	$ (114)
CHINA
Franchise and property revenues		70
CHINA | KFC Global Division [Member]
Franchise and property revenues		54
CHINA | Pizza Hut Global Division [Member]
Franchise and property revenues		16
CHINA | Taco Bell Global Division [Member]
Franchise and property revenues		0
UNITED STATES
Company sales		273
Franchise and property revenues		236
UNITED STATES | KFC Global Division [Member]
Company sales		17
Franchise and property revenues		44
UNITED STATES | Pizza Hut Global Division [Member]
Company sales		14
Franchise and property revenues		70
UNITED STATES | Taco Bell Global Division [Member]
Company sales		242
Franchise and property revenues		$ 122
Refranchising (gain) loss
Number of Restaurants Refranchised | restaurants		144	121
Accounting Standards Update 2014-09 [Member]
Costs associated with KFC U.S. and PH U.S. Acceleration Agreement		$ 4
[1]	Amounts include charges associated with YUM's Strategic Transformation Initiatives of $1 million for the quarter ended March 31, 2018 , and $7 million
[2]	Represents costs associated with the KFC U.S. Acceleration Agreement. 2018 also includes costs associated with the Pizza Hut U.S. Transformation Agreement. See Note 5.

Items Affecting Comparability43

Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details 2) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended			12 Months Ended	36 Months Ended
		Dec. 31, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2017	Jan. 01, 2018
Company sales			$ 512	$ 902
Cash and cash equivalents			982		$ 1,522	$ 1,522
Gain (Loss) on Disposition of Assets			(156)	(111)
Restricted Cash							$ 58
Accounts and notes receivable, net			501		400	400
Prepaid expenses and other current assets			406		384	384
Advertising cooperative assets, restricted			0		201	201
Assets, Current			1,889		2,507	2,507
Property, plant and equipment, net			1,651		1,697	1,697
Goodwill			514		512	512
Intangible assets, net			105		110	110
Other assets			490		346	346
Deferred income taxes			187		139	139
Assets			4,836		5,311	5,311
Accounts payable and other current liabilities			924		813	813
Income taxes payable			124		123	123
Short-term borrowings			61		375	375
Advertising cooperative liabilities			0		201	201
Liabilities, Current			1,109		1,512	1,512
Long-term debt			9,419		9,429	9,429
Other liabilities and deferred credits			1,062		704	704
Liabilities			11,590		11,645	11,645
Retained earnings (Accumulated deficit)			(6,539)		(6,063)	(6,063)
Accumulated other comprehensive income (loss)			(215)		(271)	(271)
Stockholders' Equity Attributable to Parent			(6,754)		(6,334)	(6,334)
Total Liabilities and Shareholders’ Deficit			4,836		5,311	5,311
Franchise and property revenues			584	515
Franchise contributions for advertising and other services			275	0
Total Revenues			1,371	1,417
Cost of Goods Sold			438	758
General and Administrative Expense			219	237
Franchise Costs			47	46
Cooperative Advertising Expense			272	0
Other (income) expense			(2)	3
Costs and Expenses			818	933
Operating Profit			553	484
Other investment (income) expense, net			(66)	(1)
Other pension (income) expense			3	28
Interest Income (Expense), Net			107	110
Income Before Income Taxes			509	347
Income tax provision			76	67
Net Income (Loss) Attributable to Parent			$ 433	$ 280
Basic Earnings Per Common Share			$ 1.30	$ 0.78
Diluted Earnings Per Common Share			$ 1.27	$ 0.77
KFC Global Division [Member]
Gain (Loss) on Disposition of Assets			$ (57)	$ 1
Total Revenues			658	732
Operating Profit			221	207
Unallocated [Member]
Gain (Loss) on Disposition of Assets			(156)	(111)
General and Administrative Expense	[1]		44	53
Franchise Costs	[2]		1	3
Pizza Hut Global Division [Member]
Gain (Loss) on Disposition of Assets			(2)	2
Total Revenues			251	234
Operating Profit			88	83
Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement					39
General and Administrative Expense [Member]
General and Administrative Expense			219
General and Administrative Expense [Member] | Unallocated [Member]
Costs Associated with strategic initiatives			1	7
Franchise and license expenses [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement					31
Franchise and license expenses [Member] | 2017 to 2018 [Domain] | Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement			90
Incremental Advertising [Member] | Pizza Hut Global Division [Member]
Costs associated with PH U.S. Acceleration Agreement					25
Incremental Advertising [Member] | 2018 [Member] | Pizza Hut Global Division [Member]
Costs associated with PH U.S. Acceleration Agreement			12.5
Incremental Advertising [Member] | Second half of 2017 to 2018 [Domain] | Pizza Hut Global Division [Member]
Costs associated with PH U.S. Acceleration Agreement			37.5
Incremental Advertising [Member] | Franchise and license expenses [Member] | Pizza Hut Global Division [Member]
Costs associated with PH U.S. Acceleration Agreement			3
Capital Investments [Member]
Costs associated with PH U.S. Acceleration Agreement			7
Equipment [Member] | Franchise and license expenses [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with KFC U.S. Acceleration Agreement						(115)
Equipment [Member] | Franchise and license expenses [Member] | 2015 to 2018 [Domain]
Costs associated with KFC U.S. Acceleration Agreement			(130)
Franchise Incentive [Member] | Franchise and property revenue [Member] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement			(2)
Incremental Advertising [Member] | 2015 to 2018 [Domain] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement			(60)
Incremental Advertising [Member] | 2018 [Member] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement		$ (10)
Incremental Advertising [Domain] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement			(2)	(4)	(20)	(50)
Property, Plant and Equipment [Member]
Costs associated with PH U.S. Acceleration Agreement					8
Property, Plant and Equipment [Member] | Franchise Incentive [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement					5
Accounting Standards Update 2014-09 [Member]
Restricted Cash							58
Deferred income taxes							26
Accumulated other comprehensive income (loss)							21
Accounting Standards Update 2014-09 [Member] | Other Assets [Member] | Franchise Incentive [Member] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement						19
Accounting Standards Update 2014-09 [Member] | Other Assets [Member] | Franchise Incentive Amortization [Member] [Member] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement						100
Balances with Adoption of Topic 606 [Domain]
Cash and cash equivalents							1,533
Accounts and notes receivable, net							512
Prepaid expenses and other current assets							460
Advertising cooperative assets, restricted							0
Assets, Current							2,505
Property, plant and equipment, net							1,708
Goodwill							512
Intangible assets, net							110
Other assets							464
Deferred income taxes							165
Assets							5,464
Accounts payable and other current liabilities							1,033
Income taxes payable							123
Short-term borrowings							375
Advertising cooperative liabilities							0
Liabilities, Current							1,531
Long-term debt							9,429
Other liabilities and deferred credits							1,057
Liabilities							12,017
Retained earnings (Accumulated deficit)							(6,303)
Accumulated other comprehensive income (loss)							(250)
Stockholders' Equity Attributable to Parent							(6,553)
Total Liabilities and Shareholders’ Deficit							5,464
Scenario, Previously Reported [Member]
Cash and cash equivalents					1,522	1,522
Accounts and notes receivable, net					400	400
Prepaid expenses and other current assets					384	384
Advertising cooperative assets, restricted					201	201
Assets, Current					2,507	2,507
Property, plant and equipment, net					1,697	1,697
Goodwill					512	512
Intangible assets, net					110	110
Other assets					346	346
Deferred income taxes					139	139
Assets					5,311	5,311
Accounts payable and other current liabilities					813	813
Income taxes payable					123	123
Short-term borrowings					375	375
Advertising cooperative liabilities					201	201
Liabilities, Current					1,512	1,512
Long-term debt					9,429	9,429
Other liabilities and deferred credits					704	704
Liabilities					11,645	11,645
Retained earnings (Accumulated deficit)					(6,063)	(6,063)
Accumulated other comprehensive income (loss)					(271)	(271)
Stockholders' Equity Attributable to Parent					(6,334)	(6,334)
Total Liabilities and Shareholders’ Deficit					5,311	$ 5,311
Scenario, Previously Reported [Member] | Franchise Incentive [Member] | Franchise and license expenses [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement					$ 5
Scenario, Previously Reported [Member] | Equipment [Member] | Franchise and license expenses [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with KFC U.S. Acceleration Agreement				$ (3)
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Company sales			0
Cash and cash equivalents			(20)				11
Gain (Loss) on Disposition of Assets			0
Accounts and notes receivable, net			(109)				112
Prepaid expenses and other current assets			(71)				76	[3]
Advertising cooperative assets, restricted			197				(201)
Assets, Current			(3)				(2)
Property, plant and equipment, net			(13)				11
Goodwill			0				0
Intangible assets, net			0				0
Other assets			(118)				118
Deferred income taxes			(24)				26
Assets			(158)				153
Accounts payable and other current liabilities			(235)				220
Income taxes payable			0				0
Short-term borrowings			0				0
Advertising cooperative liabilities			197				(201)
Liabilities, Current			(38)				19
Long-term debt			0				0
Other liabilities and deferred credits			(339)				353
Liabilities			(377)				372
Retained earnings (Accumulated deficit)			242				(240)
Accumulated other comprehensive income (loss)			(23)				21
Stockholders' Equity Attributable to Parent			219				(219)
Total Liabilities and Shareholders’ Deficit			(158)				$ 153
Franchise and property revenues			5
Franchise contributions for advertising and other services			(275)
Total Revenues			(270)
Cost of Goods Sold			0
General and Administrative Expense			0
Franchise Costs			6
Cooperative Advertising Expense			(272)
Other (income) expense			0
Costs and Expenses			(266)
Operating Profit	[4]		(4)
Other investment (income) expense, net			0
Other pension (income) expense			0
Interest Income (Expense), Net			0
Income Before Income Taxes			(4)
Income tax provision			(1)
Net Income (Loss) Attributable to Parent			$ (3)
Basic Earnings Per Common Share			$ (0.01)
Diluted Earnings Per Common Share			$ (0.01)
Balances with Adoption of Topic 606 [Domain]
Company sales			$ 512
Cash and cash equivalents			962
Gain (Loss) on Disposition of Assets			(156)
Accounts and notes receivable, net			392
Prepaid expenses and other current assets			335
Advertising cooperative assets, restricted			197
Assets, Current			1,886
Property, plant and equipment, net			1,638
Goodwill			514
Intangible assets, net			105
Other assets			372
Deferred income taxes			163
Assets			4,678
Accounts payable and other current liabilities			689
Income taxes payable			124
Short-term borrowings			61
Advertising cooperative liabilities			197
Liabilities, Current			1,071
Long-term debt			9,419
Other liabilities and deferred credits			723
Liabilities			11,213
Retained earnings (Accumulated deficit)			(6,297)
Accumulated other comprehensive income (loss)			(238)
Stockholders' Equity Attributable to Parent			(6,535)
Total Liabilities and Shareholders’ Deficit			4,678
Franchise and property revenues			589
Franchise contributions for advertising and other services			0
Total Revenues			1,101
Cost of Goods Sold			438
General and Administrative Expense			219
Franchise Costs			53
Cooperative Advertising Expense			0
Other (income) expense			(2)
Costs and Expenses			552
Operating Profit			549
Other investment (income) expense, net			(66)
Other pension (income) expense			3
Interest Income (Expense), Net			107
Income Before Income Taxes			505
Income tax provision			75
Net Income (Loss) Attributable to Parent			$ 430
Basic Earnings Per Common Share			$ 1.29
Diluted Earnings Per Common Share			$ 1.26
[1]	Amounts include charges associated with YUM's Strategic Transformation Initiatives of $1 million for the quarter ended March 31, 2018 , and $7 million
[2]	Represents costs associated with the KFC U.S. Acceleration Agreement. 2018 also includes costs associated with the Pizza Hut U.S. Transformation Agreement. See Note 5.
[3]	Includes $58 million
[4]	Includes $4 million of franchise incentive payments related to the KFC U.S. Acceleration Agreement and the Pizza Hut U.S. Transformation Agreement that would have been expensed immediately and that we would not have allocated to the KFC Division or the Pizza Hut Division under Legacy GAAP. Upon the adoption of Topic 606, these payments have been capitalized as assets.

Items Affecting Comparability44

Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details 3) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended			12 Months Ended
		Mar. 31, 2018	Mar. 31, 2017		Dec. 31, 2017	Jan. 01, 2018
Cash and cash equivalents		$ 982			$ 1,522
Total Revenues		1,371	$ 1,417
Net Cash Provided by Operating Activities		189	288
Net Cash Provided by (Used in) Investing Activities		164	104
Net Cash Provided by (Used in) Financing Activities		(976)	(629)
Operating Profit		553	484
Net Income (Loss) Attributable to Parent		$ 433	$ 280
Diluted Earnings Per Common Share		$ 1.27	$ 0.77
Accounts and notes receivable, net		$ 501			400
Prepaid expenses and other current assets		406			384
Investment Income, Net		66	$ 1
Advertising cooperative assets, restricted		0			201
Assets, Current		1,889			2,507
Property, plant and equipment, net		1,651			1,697
Goodwill		514			512
Intangible assets, net		105			110
Other assets		490			346
Deferred income taxes		187			139
Assets		4,836			5,311
Accounts payable and other current liabilities		924			813
Income taxes payable		124			123
Short-term borrowings		61			375
Advertising cooperative liabilities		0			201
Liabilities, Current		1,109			1,512
Long-term debt		9,419			9,429
Other liabilities and deferred credits		1,062			704
Liabilities		11,590			11,645
Retained earnings (Accumulated deficit)		6,539			6,063
Accumulated other comprehensive income (loss)		(215)			(271)
Stockholders' Equity Attributable to Parent		(6,754)			(6,334)
Total Liabilities and Shareholders’ Deficit		4,836			5,311
Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement					39
General and Administrative Expense [Member] | Unallocated [Member]
Costs Associated with strategic initiatives		1	7
Scenario, Previously Reported [Member]
Cash and cash equivalents					1,522
Accounts and notes receivable, net					400
Prepaid expenses and other current assets					384
Advertising cooperative assets, restricted					201
Assets, Current					2,507
Property, plant and equipment, net					1,697
Goodwill					512
Intangible assets, net					110
Other assets					346
Deferred income taxes					139
Assets					5,311
Accounts payable and other current liabilities					813
Income taxes payable					123
Short-term borrowings					375
Advertising cooperative liabilities					201
Liabilities, Current					1,512
Long-term debt					9,429
Other liabilities and deferred credits					704
Liabilities					11,645
Retained earnings (Accumulated deficit)					6,063
Accumulated other comprehensive income (loss)					(271)
Stockholders' Equity Attributable to Parent					(6,334)
Total Liabilities and Shareholders’ Deficit					$ 5,311
Balances with Adoption of Topic 606 [Domain]
Cash and cash equivalents						$ 1,533
Accounts and notes receivable, net						512
Prepaid expenses and other current assets						460
Advertising cooperative assets, restricted						0
Assets, Current						2,505
Property, plant and equipment, net						1,708
Goodwill						512
Intangible assets, net						110
Other assets						464
Deferred income taxes						165
Assets						5,464
Accounts payable and other current liabilities						1,033
Income taxes payable						123
Short-term borrowings						375
Advertising cooperative liabilities						0
Liabilities, Current						1,531
Long-term debt						9,429
Other liabilities and deferred credits						1,057
Liabilities						12,017
Retained earnings (Accumulated deficit)						6,303
Accumulated other comprehensive income (loss)						(250)
Stockholders' Equity Attributable to Parent						(6,553)
Total Liabilities and Shareholders’ Deficit						5,464
UNITED STATES | Other pension (income) expense [Member]
Pension data adjustment		0	$ 22	[1]
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Cash and cash equivalents		(20)				11
Total Revenues		(270)
Net Cash Provided by Operating Activities		(20)
Operating Profit	[2]	(4)
Net Income (Loss) Attributable to Parent		$ (3)
Diluted Earnings Per Common Share		$ (0.01)
Accounts and notes receivable, net		$ (109)				112
Prepaid expenses and other current assets		(71)				76	[3]
Investment Income, Net		0
Advertising cooperative assets, restricted		197				(201)
Assets, Current		(3)				(2)
Property, plant and equipment, net		(13)				11
Goodwill		0				0
Intangible assets, net		0				0
Other assets		(118)				118
Deferred income taxes		(24)				26
Assets		(158)				153
Accounts payable and other current liabilities		(235)				220
Income taxes payable		0				0
Short-term borrowings		0				0
Advertising cooperative liabilities		197				(201)
Liabilities, Current		(38)				19
Long-term debt		0				0
Other liabilities and deferred credits		(339)				353
Liabilities		(377)				372
Retained earnings (Accumulated deficit)		(242)				240
Accumulated other comprehensive income (loss)		(23)				21
Stockholders' Equity Attributable to Parent		219				(219)
Total Liabilities and Shareholders’ Deficit		(158)				153
Accounting Standards Update 2014-09 [Member]
Costs associated with KFC U.S. and PH U.S. Acceleration Agreement		$ 4
Deferred income taxes						26
Accumulated other comprehensive income (loss)						21
Up-front Payment Arrangement [Member] | Accounting Standards Update 2014-09 [Member]
Accounts payable and other current liabilities						57
Other liabilities and deferred credits						335
Retained earnings (Accumulated deficit)						392
Franchise Incentive [Member] | Accounting Standards Update 2014-09 [Member]
Prepaid expenses and other current assets						18
Other assets						118
Retained earnings (Accumulated deficit)						(136)
Advertising cooperative assets, restricted [Member] | Accounting Standards Update 2014-09 [Member]
Cash and cash equivalents						$ 11
[1]	Reflects a non-cash, out-of-year charge related to the adjustment of certain historical deferred vested liability balances in the Plan during the first quarter of 2017 recorded in Other pension (income) expense. See Note 5.
[2]	Includes $4 million of franchise incentive payments related to the KFC U.S. Acceleration Agreement and the Pizza Hut U.S. Transformation Agreement that would have been expensed immediately and that we would not have allocated to the KFC Division or the Pizza Hut Division under Legacy GAAP. Upon the adoption of Topic 606, these payments have been capitalized as assets.
[3]	Includes $58 million

Other (Income) Expense (Details

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Income and Expenses [Line Items]
Other (income) expense	$ (2)	$ 3

Supplemental Balance Sheet In46

Supplemental Balance Sheet Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)days	Dec. 31, 2017USD ($)
Accounts and Notes Receivable [Abstract]
Number of days from the period in which the corresponding sales occur that trade receivables are generally due | days	30
Accounts and notes receivable, gross	$ 527	$ 419
Allowance for doubtful accounts	(26)	(19)
Accounts and notes receivable, net	$ 501	$ 400

Supplemental Balance Sheet In47

Supplemental Balance Sheet Information (Details 2) - USD ($) $ in Millions		Mar. 31, 2018		Jan. 01, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents, at Carrying Value		$ 982			$ 1,522
Property, plant and equipment, gross		3,118			3,177
Accumulated depreciation and amortization		(1,467)			(1,480)
Property, plant and equipment, net		1,651			1,697
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows		1,083	[1]	$ 1,668		$ 611	$ 831
Restricted Cash				58
Prepaid expenses and other current assets [Member]
Restricted Cash and Cash Equivalents	[2]	84			60
Assets held for sale		29			37
Other Current Assets [Member]
Restricted Cash and Cash Equivalents	[3]	$ 17			17
Accounting Standards Update 2014-09 [Member]
Restricted Cash				58
Scenario, Previously Reported [Member]
Cash and Cash Equivalents, at Carrying Value					1,522
Property, plant and equipment, net					1,697
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows	[1]				$ 1,599
Advertising cooperative assets, restricted [Member] | Accounting Standards Update 2014-09 [Member]
Cash and Cash Equivalents, at Carrying Value				$ 11
[1]	Upon adoption of Topic 606 we reclassified $11 million and $58 million , respectively, from Advertising cooperative assets, restricted to Cash and cash equivalents and Prepaid expenses and other current assets. These amounts are included in the Beginning of Period balance of Cash, Cash Equivalents, Restricted Cash and Restricted Cash equivalents in our Condensed Consolidated Statement of Cash Flows for the quarter ended March 31, 2018.
[2]	Restricted cash within Prepaid expenses and other current assets primarily relates to the Taco Bell Securitization interest reserves and cash related to advertising cooperatives that we consolidate which can only be used to settle obligations of the respective cooperatives.
[3]	Primarily trust accounts related to our self-insurance program and cash balances required, to the extent necessary, to meet statutory minimum net worth requirements for legal entities which enter into U.S. franchise agreements.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax And Effective Tax Rate [Abstract]
Income tax provision	$ 76	$ 67
Effective tax rate	15.00%	19.40%
Tax Year 2017 [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Tax Year 2018 [Domain]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Income Tax And Effective Tax Rate [Abstract]
Limit on deductibility of interest expense	30.00%
Remeasurement of Deferreds [Member]
Income Tax And Effective Tax Rate [Abstract]
Income tax provision	$ 16

Reportable Operating Segments49

Reportable Operating Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Total Revenues		$ 1,371	$ 1,417
Operating Profit		553	484
Other investment (income) expense, net		(66)	(1)
Cost of Goods Sold		438	758
Refranchising (gain) loss		(156)	(111)
Franchise and property revenues		584	515
Franchise Costs		(47)	(46)
Cooperative Advertising Expense		272	0
General and Administrative Expense		219	237
Other pension income (expense)		(3)	(28)
Interest Income (Expense), Net		(107)	(110)
Income Before Income Taxes		509	347
KFC Global Division [Member]
Segment Reporting Information [Line Items]
Total Revenues		658	732
Operating Profit		221	207
Refranchising (gain) loss		(57)	1
Pizza Hut Global Division [Member]
Segment Reporting Information [Line Items]
Total Revenues		251	234
Operating Profit		88	83
Refranchising (gain) loss		(2)	2
Taco Bell Global Division [Member]
Segment Reporting Information [Line Items]
Total Revenues		462	451
Operating Profit		132	141
Refranchising (gain) loss		(97)	(114)
Unallocated [Member]
Segment Reporting Information [Line Items]
Refranchising (gain) loss		(156)	(111)
Other Nonoperating Income (Expense)		1	(2)
Franchise Costs	[1]	(1)	(3)
General and Administrative Expense	[2]	44	53
General and Administrative Expense [Member]
Segment Reporting Information [Line Items]
General and Administrative Expense		219
General and Administrative Expense [Member] | Unallocated [Member]
Segment Reporting Information [Line Items]
Costs Associated with strategic initiatives		$ 1	$ 7
[1]	Represents costs associated with the KFC U.S. Acceleration Agreement. 2018 also includes costs associated with the Pizza Hut U.S. Transformation Agreement. See Note 5.
[2]	Amounts include charges associated with YUM's Strategic Transformation Initiatives of $1 million for the quarter ended March 31, 2018 , and $7 million

Pension Benefits (Details)

Pension Benefits (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Payment for Pension Benefits		$ 3	$ 7
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost		6	4
UNITED STATES | General and Administrative Expense [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost		2	3
UNITED STATES | Other pension (income) expense [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost		9	10
Expected return on plan assets		(10)	(12)
Amortization of net loss		4	2
Amortization of prior service cost		1	1
Additional loss (gain) recognized due to settlements	[1]	1	(5)
Pension data adjustment		$ 0	$ 22	[2]
[1]	Losses are a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.
[2]	Reflects a non-cash, out-of-year charge related to the adjustment of certain historical deferred vested liability balances in the Plan during the first quarter of 2017 recorded in Other pension (income) expense. See Note 5.

Short-term Borrowings and Lon51

Short-term Borrowings and Long-term Debt (Details) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2018USD ($)Rate	Mar. 31, 2017USD ($)	Sep. 30, 2017	Dec. 31, 2017USD ($)
Short-term Borrowings and Long-term Debt [Line Items]
Capital lease obligations		$ 103			$ 105
Long-term debt and capital less obligations, including current maturities and debt issuance costs		9,569			9,901
Less Debt Issuance Costs, Noncurrent, Net		(83)			(86)
Less current maturities of long-term debt		(67)			(386)
Long-term debt		9,419			9,429
Other		5			0
Short-term Debt, including debt issuance costs		72			386
Short-term borrowings		61			375
Less current portion of debt issuance costs and discounts		(11)			(11)
Interest Income (Expense), Net		(107)	$ (110)
Interest Paid		71	$ 68
Revolving Credit Facility [Member] | Letter of Credit [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Letters of Credit Outstanding, Amount		8
Unsecured Debt [Member] | Existing [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes	[1]	1,875			2,200
Repayments of Debt		325
Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes	[2]	2,850			2,850
Secured Debt [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes		2,271			2,271
Secured Debt [Member] | Securitization Notes [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes	[3]	2,271			2,271
Secured Debt [Member] | Term Loan A Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Long-term Debt	[2]	500			500
Secured Debt [Member] | Revolving Credit Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		1,000
Line of Credit Facility, Maximum Borrowing Capacity		0
Secured Debt [Member] | Term Loan B Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Debt Instrument, Maturity Date				Apr. 3, 2025
Long-term Debt	[2]	$ 1,970			$ 1,975
Amount of basis points Term Loan B interest rate reduced by due to repricing		25
London Interbank Offered Rate (LIBOR) [Member] | Secured Debt [Member] | Term Loan B Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate | Rate		1.75%
Base Rate [Member] | Secured Debt [Member] | Term Loan B Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate | Rate		0.75%
[1]	During the quarter, we repaid $325 million
[2]	We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.
[3]	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets.

Derivative Instruments (Details

Derivative Instruments (Details) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2018USD ($)shares	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Derivative, Notional Amount		$ 200
Derivative, Nonmonetary Notional Amount | shares		2.8
Derivative Asset, Fair Value, Gross Asset		$ 66
Other investment (income) expense, net		(66)	$ (1)
Secured Debt [Member] | Term Loan B Facility [Member]
Long-term Debt	[1]	1,970		$ 1,975
Cash Flow Hedging [Member]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		$ 18
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative, Maturity Date		Jul. 27, 2021
Derivative, Notional Amount		$ 1,550
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net		$ 0
Maximum [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative, Maturity Date		Jun. 12, 2020
Intercompany receivables and payables [Domain] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative, Notional Amount		$ 456		$ 456
[1]	We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.

Derivative Instruments (Detai53

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 2	$ (3)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	11	7
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	0	(1)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(4)	0
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	18	(1)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1)	2
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(16)	(2)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 12	$ 5

Fair Value Disclosures (Details

Fair Value Disclosures (Details) shares in Millions, $ in Millions		Mar. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Nonmonetary Notional Amount | shares		2.8
Derivative Asset, Fair Value, Gross Asset		$ 66
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount		0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount		0
Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent	[1]	2,850	$ 2,850
Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	2,863	2,983
Unsecured Debt [Member] | YUM Senior Unsecured Notes [Member] [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent	[1]	1,875	2,200
Unsecured Debt [Member] | YUM Senior Unsecured Notes [Member] [Domain] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	1,915	2,277
Secured Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent		2,271	2,271
Secured Debt [Member] | Securitization Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent	[2]	2,271	2,271
Secured Debt [Member] | Securitization Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	2,364	2,367
Secured Debt [Member] | Term Loan A Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt obligations, excluding capital leases, carrying amount	[1]	500	500
Secured Debt [Member] | Term Loan A Facility [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	502	503
Secured Debt [Member] | Term Loan B Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt obligations, excluding capital leases, carrying amount	[1]	1,970	1,975
Secured Debt [Member] | Term Loan B Facility [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	1,981	1,990
Other Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		66	0
Other Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure		28	29
Other Assets [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Asset		51	40
Other Liabilities [Member] | Foreign Exchange Forward [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability		60	46
Prepaid Expenses and Other Current Assets [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Asset		14	9
Prepaid Expenses and Other Current Assets [Member] | Foreign Exchange Forward [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Asset		$ 4	$ 5
[1]	We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.
[2]	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets.

Contingencies (Details)

Contingencies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Guarantor Obligations [Line Items]
Guarantor Exposure as percent of outstanding loans	20.00%
Franchise lending program guarantee
Guarantor Obligations [Line Items]
Guarantor Obligations, Maximum Exposure	$ 42
Guarantee of Indebtedness of Others [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Current Exposure	$ 11
Property Lease Guarantee [Member]
Guarantor Obligations [Line Items]
Year longest lease expires	2,065
Guarantor Obligations, Maximum Exposure	$ 600
Guarantee Obligations Maximum Exposure At Present Value	500
Franchise Loan Pool Guarantees [Member] | Guarantee of Indebtedness of Others [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Current Exposure	2
Total loans outstanding	$ 11