Yum! Brands (YUM) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 29, 2019
Cover page.
Document Quarterly Report	true
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	13-3951308
Trading Symbol	YUM
Security Exchange Name	NYSE
Entity Address, Address Line One	1441 Gardiner Lane,
Entity Address, City or Town	Louisville,
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40213
City Area Code	(502)
Local Phone Number	874-8300
Document Transition Report	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Registrant Name	YUM! BRANDS, INC.
Entity Central Index Key	0001041061
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	Common Stock, no par value
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Entity File Number	1-13163
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		302,462,172

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Total Revenues	$ 1,339	$ 1,391	$ 3,903	$ 4,130
Costs and Expenses, Net
Cost of Goods and Services Sold	292	399	850	1,258
Franchisor Costs	43	40	124	127
General and Administrative Expense	208	204	617	631
Cooperative Advertising Expense	325	288	941	834
Refranchising (gain) loss	(8)	(100)	(18)	(285)
Other (income) expense	(1)	7	5	10
Total costs and expenses, net	859	838	2,519	2,575
Operating Profit	480	553	1,384	1,555
Other investment (income) expense, net	59	(96)	50	(185)
Other pension (income) expense	1	4	4	10
Interest expense, net	120	111	354	330
Income Before Income Taxes	300	534	976	1,400
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	300	534	976	1,400
Income tax provision	45	80	170	192
Net Income	$ 255	$ 454	$ 806	$ 1,208
Earnings Per Share, Basic	$ 0.83	$ 1.43	$ 2.63	$ 3.72
Diluted Earnings Per Common Share	0.81	1.40	2.57	3.64
Dividends Declared Per Common Share	$ 0.42	$ 0.36	$ 1.26	$ 1.08
Product [Member]
Revenues
Revenues	$ 364	$ 499	$ 1,056	$ 1,523
Franchise [Member]
Revenues
Revenues	645	605	1,890	1,773
Advertising [Member]
Revenues
Revenues	$ 330	$ 287	$ 957	$ 834

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax, Portion Attributable to Parent	$ (17)	$ 8	$ (91)	$ 20
Net Income (Loss) Attributable to Parent	255	454	806	1,208
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature
Adjustments and gains (losses) arising during the period	(42)	(47)	(37)	(77)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	(4)	0	(4)
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax	(42)	(51)	(37)	(81)
Tax (expense) benefit	5	5	5	5
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax	(37)	(46)	(32)	(76)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax	0	1	0	1
Changes in pension and post-retirement benefits
Reclassification of (gains) losses into Net Income	3	5	8	16
Changes in pension and post-retirement benefits, before tax	3	6	8	17
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(1)	(1)	(2)	(4)
Changes in pension and post-retirement benefits, net of tax	2	5	6	13
Unrealized gains (losses) arising during the period	(5)	16	(65)	43
Changes in derivative instruments
Reclassification of (gains) losses into Net Income	(12)	(8)	(26)	(23)
Tax (expense) benefit	4	(2)	23	(5)
Changes in derivative instruments, net of tax	(13)	6	(68)	15
Other comprehensive income (loss), net of tax	(48)	(35)	(94)	(48)
Comprehensive Income - YUM! Brands, Inc.	$ 207	$ 419	$ 712	$ 1,160

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows - Operating Activities
Net Income (Loss) Attributable to Parent	$ 806	$ 1,208
Depreciation and amortization	84	103
Refranchising (gain) loss	(18)	(285)
Other investment (income) expense, net	50	(185)
Contributions to defined benefit pension plans	(13)	(9)
Deferred income taxes	(10)	32
Share-based compensation expense	45	36
Changes in accounts and notes receivable	(4)	(35)
Changes in prepaid expenses and other current assets	(9)	10
Changes in accounts payable and other current liabilities	(96)	(81)
Changes in income taxes payable	(64)	(47)
Other, net	112	49
Net Cash Provided by Operating Activities	883	796
Cash Flows - Investing Activities
Capital spending	(109)	(147)
Investment in Grubhub Inc. common stock	0	(200)
Proceeds from refranchising of restaurants	55	445
Other, net	0	(9)
Net Cash Used in Investing Activities	(54)	89
Cash Flows - Financing Activities
Proceeds from long-term debt	800	106
Repayments of long-term debt	(311)	(462)
Revolving credit facilities, three months or less, net	0	273
Short-term borrowings by original maturity
More than three months - proceeds	80	59
More than three months - payments	(70)	(59)
Three months or less, net	0	0
Repurchase shares of Common Stock	(472)	(1,684)
Dividends paid on Common Stock	(385)	(349)
Payments of Debt Issuance Costs	(9)	0
Other, net	(73)	(45)
Net Cash Provided by (Used in) Financing Activities	(440)	(2,161)
Effect of Exchange Rates on Cash and Cash Equivalents	(27)	(55)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	362	(1,331)
Cash and Cash Equivalents - End of Period	691
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows	474	1,668
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows	$ 836	$ 337

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 691	$ 292
Accounts and notes receivable, net	527	561
Prepaid expenses and other current assets	330	354
Total Current Assets	1,548	1,207
Property, plant and equipment, net	1,151	1,237
Goodwill	521	525
Intangible assets, net	243	242
Other assets	1,316	724
Deferred income taxes	224	195
Total Assets	5,003	4,130
Current Liabilities
Accounts payable and other current liabilities	870	911
Income taxes payable	33	69
Short-term borrowings	84	321
Total Current Liabilities	987	1,301
Long-term debt	10,491	9,751
Other liabilities and deferred credits	1,622	1,004
Total Liabilities	13,100	12,056
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 303 shares issued in 2019 and 306 issued in 2018	0	0
Accumulated deficit	(7,669)	(7,592)
Accumulated other comprehensive income (loss)	(428)	(334)
Total Shareholders' Deficit	(8,097)	(7,926)
Total Liabilities and Shareholders' Deficit	$ 5,003	$ 4,130

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Other assets	$ 1,316	$ 724
Total Liabilities and Shareholders’ Deficit	$ 5,003	$ 4,130
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	750	750
Common Stock, Shares, Issued	303	306

CONDENSED STATEMENT OF SHAREHOL

CONDENSED STATEMENT OF SHAREHOLDERS EQUITY Statement - USD ($) shares in Thousands, $ in Millions	Total		Including Noncontrolling Interest [Member]	AOCI Attributable to Parent [Member]	Common Stock [Member]	Retained Earnings [Member]	Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (271)		$ (6,334)		$ 0	$ (6,063)
Shares, Issued					332,000
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax	(5)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	2
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture			(50)		$ (50)
Employee Stock Option and SARs Exercises, Value			(36)		$ (32)	(4)
Employee Stock Option and SARs Exercises, Shares					1,000
Stock Repurchased During Period, Value	$ (1,698)	[1]	(1,698)		$ 18	(1,680)
Stock Repurchased During Period, Shares	(20,484)	[1]			(20,000)
Dividends, Common Stock			(351)			(351)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			1,160
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	$ 15		15	$ 15
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	13		13	13
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			(76)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent				(76)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			1,208
Net Income (Loss) Attributable to Parent	1,208					1,208
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(4)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	(5)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(282)		(7,247)		$ 0	(6,965)
Shares, Issued					319,000
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax	(5)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture			(14)		$ (14)
Employee Stock Option and SARs Exercises, Value			(3)		$ (3)
Employee Stock Option and SARs Exercises, Shares
Stock Repurchased During Period, Value			(527)		$ 11	(516)
Stock Repurchased During Period, Shares					(6,000)
Dividends, Common Stock			(114)			(114)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			419
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	6		6	6
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	5		5	5
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			(46)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent				(46)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			454
Net Income (Loss) Attributable to Parent	454					454
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(1)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	(2)
Accumulated deficit							$ (251)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(317)		(7,458)		$ 0	(7,141)
Shares, Issued					313,000
Stockholders' Equity Attributable to Parent	(7,926)
Accumulated deficit	7,592
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(334)		(7,926)		$ 0	(7,592)
Shares, Issued					306,000
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax	(5)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture			(53)		$ (54)	(1)
Employee Stock Option and SARs Exercises, Value			(71)		$ (53)	(18)
Employee Stock Option and SARs Exercises, Shares					2,000
Stock Repurchased During Period, Value	$ (476)	[2]	(476)		$ 1	(475)
Stock Repurchased During Period, Shares	(4,541)	[2]			(5,000)
Dividends, Common Stock			(387)			(387)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			712
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	$ (68)		(68)	(68)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	6		6	6
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			(32)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent				(32)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			806
Net Income (Loss) Attributable to Parent	806					806
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(2)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	23
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(380)		(7,994)		$ 0	(7,614)
Shares, Issued					304,000
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax	(5)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture			(14)		$ (15)	(1)
Employee Stock Option and SARs Exercises, Value			(20)		(15)
Stock Repurchased During Period, Value			(174)		$ 0	(174)
Stock Repurchased During Period, Shares					(2,000)
Dividends, Common Stock			(130)			(130)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			207
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(13)		(13)	(13)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	2		2	2
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			(37)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent				$ (37)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			255
Net Income (Loss) Attributable to Parent	255					255
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(1)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	4
Stockholders' Equity Attributable to Parent	(8,097)
Accumulated deficit	7,669
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (428)		$ (8,097)		$ 0	$ (7,669)
Shares, Issued					303,000
[1]	Includes the effect of $14 million in share repurchases ( 0.2 million shares) with trade dates prior to September 30, 2018 , but cash settlement dates subsequent to September 30, 2018 .
[2]	Includes the effect of $9 million in share repurchases ( 0.09 million shares) with trade dates on, or prior to, September 30, 2019 , but cash settlement dates subsequent to September 30, 2019 and excludes the effect of $5 million in share repurchases ( 0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018.

Financial Statement Presentatio

Financial Statement Presentation	9 Months Ended
	Sep. 30, 2019
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, 2018 (“ 2018 Form 10-K”). YUM! Brands, Inc. and its Subsidiaries (collectively referred to herein as the “Company,” “YUM,” “we,” “us” or “our”) franchises or operates a system of over 49,000 quick service restaurants in more than 145 countries and territories. At September 30, 2019 , 98% of these restaurants were owned and operated by franchisees. The Company’s KFC, Pizza Hut and Taco Bell brands (collectively the “Concepts”) are global leaders of the chicken, pizza and Mexican-style food categories. As of September 30, 2019 , YUM consisted of three operating segments: • The KFC Division which includes our worldwide operations of the KFC concept • The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept • The Taco Bell Division which includes our worldwide operations of the Taco Bell concept YUM's fiscal year begins on January 1 and ends December 31 of each year, with each quarter comprised of three months. Our U.S. subsidiaries and certain international subsidiaries operate on a weekly periodic calendar where the first three quarters of each fiscal year consists of 12 weeks and the fourth quarter consists of 16 weeks in fiscal years with 52 weeks and 17 weeks in fiscal years with 53 weeks. For our subsidiaries that operate on this weekly periodic calendar, 2019 will include a 53rd week. Our remaining international subsidiaries operate on a monthly calendar similar to that on which YUM operates. Our preparation of the accompanying Financial Statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The accompanying Financial Statements include all normal and recurring adjustments considered necessary to present fairly, when read in conjunction with our 2018 Form 10-K, the results of the interim periods presented. Our results of operations, comprehensive income, cash flows and changes in shareholders' deficit for these interim periods are not necessarily indicative of the results to be expected for the full year. Our significant interim accounting policies include the recognition of advertising and marketing costs, generally in proportion to revenue, and the recognition of income taxes using an estimated annual effective tax rate. We have reclassified certain other items in the Financial Statements for the prior periods to be comparable with the classification for the quarter and year to date ended September 30, 2019 . These reclassifications had no effect on previously reported Net Income.

Note 2. Lease Accounting Policy

Note 2. Lease Accounting Policy (Notes)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases [Text Block]	Lease Accounting Starting in February 2016 and continuing into 2019, the Financial Accounting Standards Board ("FASB") issued standards on the recognition and measurement of leases ("Topic 842"). We adopted these standards beginning with the quarter ended March 31, 2019, using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of 2019 and have not recast the comparative periods presented in the Condensed Consolidated Financial Statements. The standards provide a number of optional practical expedients and policy elections in transition. We elected the ‘package of practical expedients’ under which we did not reassess under the standards our prior conclusions about lease identification, lease classification and initial direct costs. We did not elect the use-of-hindsight or the practical expedient pertaining to land easements. Refer to Note 5 for information regarding the adjustments recorded to our Condensed Consolidated Balance Sheet as of the beginning of the quarter ended March 31, 2019 to reflect the adoption of Topic 842. Below is information about the nature of our leases, accounting policies and assumptions subsequent to adopting Topic 842 and other required disclosures. In certain instances, we lease or sublease certain restaurants to franchisees. Our lessor and sublease portfolio primarily consists of stores that have been leased to franchisees subsequent to refranchising transactions. Our most significant leases with lease and non-lease components are leases with our franchisees that include both the right to use a restaurant as well as a license of the intellectual property associated with our Concepts’ brands. For these leases, which are primarily classified as operating leases, we account for the lease and non-lease components separately. Revenues from rental agreements with franchisees are presented within Franchise and property revenues in our Condensed Consolidated Statements of Income and related expenses (e.g. depreciation and rent expense) are presented within Franchise and property expenses. The impact of adopting Topic 842 on the accounting for our lessor and sublease portfolio was not significant. We lease land, buildings or both for certain of our restaurants and restaurant support centers worldwide. Rental expense for leased restaurants is presented in our Condensed Consolidated Statements of Income as Company restaurant expenses and rental expense for restaurant support centers is presented as General and administrative expenses. The length of our lease terms, which vary by country and often include renewal options, are an important factor in determining the appropriate accounting for leases including the initial classification of the lease as finance (referred to as “capital” leases prior to the adoption of Topic 842) or operating as well as the timing of recognition of rent expense over the duration of the lease. We include renewal option periods in determining the term of our leases when failure to renew the lease would impose a penalty on the Company in such an amount that a renewal appears to be reasonably certain at the commencement of the lease. The primary penalty to which we are subject is the economic detriment associated with the existence of leasehold improvements that might be impaired if we choose not to continue the use of the leased property. Our leasing activity for other assets, including equipment, is not significant. Prior to the adoption of Topic 842 (“Legacy GAAP”) liabilities for future rental payments under operating leases were not recognized on the balance sheet of the Company except when recognizing a liability was necessary to reflect the impact of recognizing rent expense on a straight-line basis. Upon the adoption of Topic 842, right-of-use assets and liabilities are recognized upon lease commencement for operating leases based on the present value of lease payments over the lease term. Such assets and liabilities have historically always been recorded for finance leases. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Subsequent amortization of the right-of-use asset and accretion of the lease liability for an operating lease is recognized as a single lease cost, on a straight-line basis, over the lease term. For finance leases, the right-of-use asset is depreciated on a straight-line basis over the lesser of the useful life of the leased asset or lease term. Interest on each finance lease liability is determined as the amount that results in a constant periodic discount rate on the remaining balance of the liability. As most of our leases do not provide an implicit discount rate, we use our incremental secured borrowing rate based on the information available at commencement date, including the lease term and currency, in determining the present value of lease payments for both operating and finance leases. Leases with an initial term of 12 months or less are not recorded in the Condensed Consolidated Balance Sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. Right-of-use assets are assessed for impairment in accordance with our long-lived asset impairment policy, which is performed annually or whenever events or changes in circumstances indicate that the carrying amount of a restaurant may not be recoverable. We reassess lease classification and remeasure right-of-use assets and lease liabilities when a lease is modified and that modification is not accounted for as a separate new lease or upon certain other events that require reassessment in accordance with Topic 842. The difference between operating lease rental expense recognized in our Condensed Consolidated Statements of Income and cash payments for operating leases is recognized within Other, net within Net Cash Provided by Operating Activities in our Condensed Consolidated Statements of Cash Flows. The components of lease expense were as follows: Quarter Ended 9/30/2019 Year to date 9/30/2019 Operating lease cost $ 18 $ 55 Finance lease cost Amortization of right-of-use assets — 2 Interest on lease liabilities 1 2 Total finance lease cost 1 4 Sublease income (16 ) (50 ) Supplemental cash flow information related to leases was as follows: Year to date 9/30/2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 73 Operating cash flows from finance leases 2 Financing cash flows from finance leases 3 Right-of-use assets obtained in exchange for lease obligations Operating leases 67 Finance leases 8 Supplemental balance sheet information related to leases was as follows: 9/30/2019 Condensed Consolidated Balance Sheet Assets Operating lease right-of-use assets $ 657 Other assets Finance lease right-of-use assets 36 Property, plant and equipment, net Total right-of-use assets (a) $ 693 Liabilities Current Operating $ 69 Accounts payable and other current liabilities Finance 7 Short-term borrowings Non-current Operating 653 Other liabilities and deferred credits Finance 62 Long-term debt Total lease liabilities (a) $ 791 Weighted-average Remaining Lease Term (in years) Operating leases 12.8 Finance leases 12.6 Weighted-average Discount Rate Operating leases 5.5 % Finance leases 6.1 % (a) U.S. operating lease right-of-use assets and liabilities totaled $298 million and $352 million , respectively, as of September 30, 2019 and primarily related to Taco Bell U.S. Future minimum lease payments as of September 30, 2019, including rental payments for lease renewal options we are reasonably certain to exercise were as follows: Commitments Finance Operating Less than 1 year $ 10 $ 110 1-2 years 9 101 2-3 years 9 92 3-4 years 8 83 4-5 years 7 79 Thereafter 54 548 Total lease payments 97 1,013 Less imputed interest (28 ) (291 ) Total lease liabilities $ 69 $ 722 Future minimum lease payments under the non-cancellable term of leases as of December 31, 2018 as required to be disclosed under Legacy GAAP were as follows: Commitments Capital Operating 2019 $ 10 $ 103 2020 10 89 2021 9 78 2022 8 71 2023 8 61 Thereafter 58 384 Total lease payments $ 103 $ 786

Earnings Per Common Share ("EPS

Earnings Per Common Share ("EPS")	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share (EPS)	Earnings Per Common Share (“EPS”) Quarter ended Year to date 2019 2018 2019 2018 Net Income $ 255 $ 454 $ 806 $ 1,208 Weighted-average common shares outstanding (for basic calculation) 306 318 307 325 Effect of dilutive share-based employee compensation 7 7 7 7 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 313 325 314 332 Basic EPS $ 0.83 $ 1.43 $ 2.63 $ 3.72 Diluted EPS $ 0.81 $ 1.40 $ 2.57 $ 3.64 Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation (a) 0.1 2.2 1.9 1.9 (a) These unexercised employee stock options and stock appreciation rights were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

Shareholders' Deficit

Shareholders' Deficit	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Deficit Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the years to date ended September 30, 2019 and 2018 as indicated below. All amounts exclude applicable transaction fees. Shares Repurchased (thousands) Dollar Value of Shares Repurchased Remaining Dollar Value of Shares that may be Repurchased 2019 2018 2019 2018 2019 November 2017 Authorization — 18,240 $ — $ 1,500 $ — August 2018 Authorization 4,541 2,244 476 198 630 Total 4,541 (a) 20,484 (b) $ 476 (a) $ 1,698 (b) $ 630 (a) Includes the effect of $9 million in share repurchases ( 0.09 million shares) with trade dates on, or prior to, September 30, 2019 , but cash settlement dates subsequent to September 30, 2019 and excludes the effect of $5 million in share repurchases ( 0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018. (b) Includes the effect of $14 million in share repurchases ( 0.2 million shares) with trade dates prior to September 30, 2018 , but cash settlement dates subsequent to September 30, 2018 . Changes in Accumulated other comprehensive loss ("AOCI") are presented below. Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature Pension and Post-Retirement Benefits Derivative Instruments Total Balance at June 30, 2019, net of tax $ (240 ) $ (78 ) $ (62 ) $ (380 ) OCI, net of tax Gains (losses) arising during the period classified into AOCI, net of tax (37 ) — (2 ) (39 ) (Gains) losses reclassified from AOCI, net of tax — 2 (11 ) (9 ) (37 ) 2 (13 ) (48 ) Balance at September 30, 2019, net of tax $ (277 ) $ (76 ) $ (75 ) $ (428 ) Balance at December 31, 2018, net of tax $ (245 ) $ (82 ) $ (7 ) $ (334 ) OCI, net of tax Gains (losses) arising during the period classified into AOCI, net of tax (32 ) — (46 ) (78 ) (Gains) losses reclassified from AOCI, net of tax — 6 (22 ) (16 ) (32 ) 6 (68 ) (94 ) Balance at September 30, 2019, net of tax $ (277 ) $ (76 ) $ (75 ) $ (428 )

Items Affecting Comparability o

Items Affecting Comparability of Net Income, Financial Position and Cash Flows	9 Months Ended
	Sep. 30, 2019
Items Affecting Comparability of Net Income and Cash Flows [Abstract]
Comparability of Prior Year Financial Data	Items Affecting Comparability of Net Income, Financial Position and Cash Flows Refranchising (Gain) Loss The Refranchising (gain) loss by our Divisional reportable segments is presented below. Given the size and volatility of refranchising initiatives, our chief operating decision maker ("CODM") does not consider the impact of Refranchising (gain) loss when assessing Divisional segment performance. As such, we do not allocate such gains and losses to our Divisional segments for performance reporting purposes. During the quarter and year to date ended September 30, 2019 , we sold certain restaurant assets associated with existing franchise restaurants to the franchisee. Additionally, during the quarter and year to date ended September 30, 2019, we refranchised 2 restaurants and 8 restaurants, respectively. Pre-tax proceeds related to these sales totaled $30 million and $55 million for the quarter and year to date ended September 30, 2019 , respectively. During the quarter and year to date ended September 30, 2018 , we refranchised 134 restaurants and 329 restaurants, respectively, and received $193 million and $445 million , respectively, in pre-tax proceeds. A summary of Refranchising (gain) loss is as follows: Quarter ended Year to date 2019 2018 2019 2018 KFC Division $ (7 ) $ (29 ) $ (13 ) $ (128 ) Pizza Hut Division — 3 — 14 Taco Bell Division (1 ) (74 ) (5 ) (171 ) Worldwide $ (8 ) $ (100 ) $ (18 ) $ (285 ) Pizza Hut U.S. Transformation Agreement In May 2017, we reached an agreement with Pizza Hut U.S. franchisees that will improve brand marketing alignment, accelerate enhancements in operations and technology and that included a permanent commitment to incremental advertising as well as digital and technology contributions by franchisees (the “Transformation Agreement”). In connection with the Transformation Agreement we anticipate investing approximately $90 million from 2017 to 2020 to upgrade restaurant equipment to improve operations, fund improvements in restaurant technology and enhance digital and e-commerce capabilities. As of September 30, 2019 , we have invested $86 million since the inception of the agreement. We have invested $5 million and $18 million in the quarter and year to date ended September 30, 2019 , respectively, and $5 million and $16 million in the quarter and year to date ended September 30, 2018 , respectively, related to the Transformation Agreement. These amounts primarily consisted of capital investments and franchisee incentive payments that were capitalized. Also included are operating investments of $2 million and $1 million in the quarters ended September 30, 2019 and 2018 , respectively, and $5 million and $3 million in the years to date ended September 30, 2019 and 2018 , respectively. Due to their unique and long-term brand-building nature as well as their non-recurring impact on Pizza Hut’s Division results, the financial impact of operating investments that are part of the Transformation Agreement are not being considered by our CODM when assessing segment performance. As such, these operating investments are not being allocated to the Pizza Hut Division operating segment results for performance reporting purposes. Depreciation on capital investments made as part of the Transformation Agreement is being allocated to Pizza Hut segment results as the expense is recurring and is not expected to significantly impact the comparability of results in any given period. For the same reasons, the amortization related to capitalized franchisee incentive payments is being allocated to Pizza Hut Division operating segment results. In addition to the investments above, we funded $37.5 million of incremental system advertising from the second half of 2017 through 2018, including $4 million and $9 million we incurred during the quarter and year to date ended September 30, 2018 , respectively. These advertising amounts were recorded primarily in Franchise and property expenses and were included in the Pizza Hut Division segment operating results. KFC U.S. Acceleration Agreement During 2015, we reached an agreement with our KFC U.S. franchisees that gave us control of brand marketing execution as well as an accelerated path to expanded menu offerings, improved assets and enhanced customer experience. In connection with this agreement we are investing approximately $130 million from 2015 through 2019 primarily to fund new back-of-house equipment for franchisees and to provide incentives to accelerate franchisee store remodels. We invested $1 million and $2 million in the quarters ended September 30, 2019 and 2018, respectively, and $3 million and $5 million in the years to date ended September 30, 2019 and 2018, respectively. We have invested approximately $125 million since the inception of the agreement. In addition to the investments above, we funded $60 million of incremental system advertising from 2015 through 2018, including $2 million and $7 million incurred during the quarter and year to date ended September 30, 2018, respectively. These advertising amounts were recorded primarily in Franchise and property expenses and were included in the KFC Division segment operating results. Turkey Acquisition Contingent Consideration During the second quarter of 2019 we recorded charges of $8 million and $2 million to Other (income) expense and Interest expense, net, respectively, related to cash payments in excess of our recorded liability to settle contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. Consistent with prior adjustments to the recorded contingent consideration, our CODM does not consider this charge when assessing segment performance due to the nature of these costs. As such, these costs are not being allocated to any of our segment operating results for performance reporting purposes. Investment in Grubhub, Inc. ("Grubhub") On February 7, 2018, certain of our subsidiaries entered into a master services agreement with a subsidiary of Grubhub, the leading online and mobile takeout food-ordering company in the U.S., which is intended to provide dedicated support for the KFC and Taco Bell branded online delivery channels in the U.S. through Grubhub’s online ordering platform, logistics and last-mile support for delivery orders, as well as point-of-sale integration to streamline operations. Concurrently with the master services agreement, one of our subsidiaries entered into an investment agreement with Grubhub to invest $200 million in exchange for approximately 2.8 million shares of Grubhub common stock, subject to customary closing conditions. In April 2018, all necessary regulatory approvals were obtained and the purchase of Grubhub shares was consummated. Shares acquired as part of this purchase are restricted from being transferred until the earlier of the two-year anniversary of closing the investment agreement or 30 days following the termination of our master services agreement with Grubhub. In the quarter and year to date ended September 30, 2019 we recognized pre-tax expense of $60 million and $56 million , respectively, related to the mark-to-market of these shares, which includes current year depreciation in the market price of Grubhub common stock. In the quarter and year to date ended September 30, 2018, we recognized pre-tax income of $94 million and $185 million , respectively, which included the appreciation in the market price of Grubhub common stock since entering into the agreement. Changes in the fair value of our investment in Grubhub common stock are presented as Investment (income) expense, net within our Condensed Consolidated Statements of Income. Impact of Adopting New Lease Standards As discussed in Note 2, we adopted Topic 842 beginning with the quarter ended March 31, 2019, using a modified retrospective method. Topic 842 was applied to all leases existing at, or entered into after, the beginning of 2019. As a result of adopting Topic 842, the following adjustments were made to the Condensed Consolidated Balance Sheet as of the beginning of the quarter ended March 31, 2019: CONDENSED CONSOLIDATED BALANCE SHEET As Reported 12/31/2018 Adjustments Balances with Adoption of Topic 842 1/1/2019 ASSETS Current Assets Cash and cash equivalents $ 292 $ — $ 292 Accounts and notes receivable, net 561 — 561 Prepaid expenses and other current assets 354 (10 ) 344 Total Current Assets 1,207 (10 ) 1,197 Property, plant and equipment, net 1,237 — 1,237 Goodwill 525 — 525 Intangible assets, net 242 — 242 Other assets 724 689 1,413 Deferred income taxes 195 — 195 Total Assets $ 4,130 $ 679 $ 4,809 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current Liabilities Accounts payable and other current liabilities $ 911 $ 76 $ 987 Income taxes payable 69 — 69 Short-term borrowings 321 — 321 Total Current Liabilities 1,301 76 1,377 Long-term debt 9,751 — 9,751 Other liabilities and deferred credits 1,004 605 1,609 Total Liabilities 12,056 681 12,737 Shareholders’ Deficit Accumulated deficit (7,592 ) (2 ) (7,594 ) Accumulated other comprehensive loss (334 ) — (334 ) Total Shareholders’ Deficit (7,926 ) (2 ) (7,928 ) Total Liabilities and Shareholders’ Deficit $ 4,130 $ 679 $ 4,809 We recorded lease liabilities within Accounts payable and other current liabilities and Other liabilities and deferred credits of $83 million and $661 million , respectively, related to the present value of the remaining operating lease payments. These adjustments were partially offset by reductions to Accounts payable and other current liabilities and Other liabilities and deferred credits of $7 million and $56 million , respectively, primarily related to the write offs of liabilities previously recorded to reflect the impact of recognizing rent expense on a straight-line basis when lease payments were escalating under Legacy GAAP. Additionally, lease liabilities recognized upon adoption were offset by the write-off of prepaid rent of $11 million that was recorded under Legacy GAAP resulting in a decrease within Prepaid expenses and other current assets and Other assets of $10 million and $1 million , respectively. We recorded a corresponding right-of-use asset within Other Assets of $690 million . This right-of-use asset reflected a $2 million

Other (Income) Expense

Other (Income) Expense	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Other (Income) Expense	Other (Income) Expense

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	9 Months Ended
	Sep. 30, 2019
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 in our Condensed Consolidated Balance Sheets. Accounts and notes receivable, net also includes receivables generated from advertising cooperatives that we consolidate. 9/30/2019 12/31/2018 Accounts and notes receivable, gross $ 584 $ 592 Allowance for doubtful accounts (57 ) (31 ) Accounts and notes receivable, net $ 527 $ 561 Property, Plant and Equipment, net 9/30/2019 12/31/2018 Property, plant and equipment, gross $ 2,279 $ 2,353 Accumulated depreciation and amortization (1,128 ) (1,116 ) Property, plant and equipment, net $ 1,151 $ 1,237 Assets held-for-sale totaled $24 million as of both September 30, 2019 and December 31, 2018 and are included in Prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets. Reconciliation of Cash and Cash Equivalents for Condensed Consolidated Statements of Cash Flows 9/30/2019 12/31/2018 Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets $ 691 $ 292 Restricted cash included in Prepaid expenses and other current assets (a) 120 151 Restricted cash and restricted cash equivalents included in Other assets (b) 25 31 Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows $ 836 $ 474 (a) Restricted cash within Prepaid expenses and other current assets reflects Taco Bell Securitization interest reserves and the cash related to advertising cooperatives that we consolidate that can only be used to settle obligations of the respective cooperatives. (b) Primarily trust accounts related to our self-insurance program.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Quarter ended Year to date 2019 2018 2019 2018 Income tax provision $ 45 $ 80 $ 170 $ 192 Effective tax rate 15.1 % 15.1 % 17.4 % 13.7 % Our 2019 third quarter and year to date effective tax rates were lower than the US federal statutory tax rate of 21% primarily due to the favorable impact of excess tax benefits on share based compensation and the favorable resolution of a prior-year uncertain tax position of $20 million related to a dispute concerning the income tax rate to be applied to our 2018 income in a foreign market. These favorable impacts were partially offset by the unfavorable impact of the global intangible low-tax income provisions of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). Our third quarter effective tax rate was flat versus prior year. Factors positively impacting the rate were the aforementioned favorable resolution of a prior-year uncertain tax position and higher excess tax benefits on share based compensation than those recognized in the prior year. These items were offset by the unfavorable impact of the global intangible low-tax income provisions of the Tax Act in the current year, the unfavorable impact of lapping a prior year decrease to the provisional tax expense recorded in the fourth quarter of 2017 associated with the Tax Act, and lapping the favorable impact attributable to prior year refranchising transactions. Our year to date effective tax rate was higher than prior year primarily due to the unfavorable impacts of the global intangible low-taxed income provisions of the Tax Act in the current year, lapping a prior year decrease to the provisional tax expense recorded in the fourth quarter of 2017 associated with the Tax Act, and lapping the favorable impact related to prior year refranchising transactions. These items were partially offset by higher excess tax benefits on share based compensation than those recognized in the prior year, the aforementioned favorable resolution of a prior-year uncertain tax position in the current year and lapping $19 million in expense recorded in the prior year to correct an error associated with the tax recorded on a prior year divestiture.

Revenue Recognition Accounting

Revenue Recognition Accounting Policy	9 Months Ended
	Sep. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of Total Revenues The following tables disaggregate revenue by Concept, for our two most significant markets based on Operating Profit and for all other markets. We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors. Quarter ended 9/30/2019 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 17 $ 5 $ 216 $ 238 Franchise revenues 40 63 142 245 Property revenues 5 2 10 17 Franchise contributions for advertising and other services 2 71 114 187 China Franchise revenues 57 16 — 73 Other Company sales 118 8 — 126 Franchise revenues 226 61 6 293 Property revenues 16 1 — 17 Franchise contributions for advertising and other services 128 14 1 143 $ 609 $ 241 $ 489 $ 1,339 Quarter ended 9/30/2018 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 17 $ 6 $ 265 $ 288 Franchise revenues 41 65 131 237 Property revenues 5 1 5 11 Franchise contributions for advertising and other services 3 62 105 170 China Franchise revenues 52 16 — 68 Other Company sales 204 7 — 211 Franchise revenues 204 60 6 270 Property revenues 18 1 — 19 Franchise contributions for advertising and other services 105 11 1 117 $ 649 $ 229 $ 513 $ 1,391 Year to date ended 9/30/2019 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 51 $ 15 $ 624 $ 690 Franchise revenues 119 197 410 726 Property revenues 16 5 31 52 Franchise contributions for advertising and other services 7 223 327 557 China Franchise revenues 165 46 — 211 Other Company sales 344 20 2 366 Franchise revenues 649 181 19 849 Property revenues 50 2 — 52 Franchise contributions for advertising and other services 358 41 1 400 $ 1,759 $ 730 1,414 $ 3,903 Year to date ended 9/30/2018 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 50 $ 31 $ 759 840 Franchise revenues 119 197 371 687 Property revenues 16 3 16 35 Franchise contributions for advertising and other services 7 187 293 487 China Franchise revenues 155 47 — 202 Other Company sales 657 24 2 683 Franchise revenues 592 183 17 792 Property revenues 55 2 — 57 Franchise contributions for advertising and other services 307 39 1 347 $ 1,958 $ 713 $ 1,459 $ 4,130 Contract Liabilities Our contract liabilities are comprised of unamortized upfront fees received from franchisees. A summary of significant changes to the contract liability balance during 2019 is presented below. Deferred Franchise Fees Balance at December 31, 2018 $ 414 Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period (47 ) Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period 51 Balance at September 30, 2019 $ 418 We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows: Less than 1 year $ 61 1 - 2 years 58 2 - 3 years 53 3 - 4 years 48 4 - 5 years 44 Thereafter 154 Total $ 418

Reportable Operating Segments

Reportable Operating Segments	9 Months Ended
	Sep. 30, 2019
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 Year to date Revenues 2019 2018 2019 2018 KFC Division $ 609 $ 649 $ 1,759 $ 1,958 Pizza Hut Division 241 229 730 713 Taco Bell Division 489 513 1,414 1,459 $ 1,339 $ 1,391 $ 3,903 $ 4,130 Quarter ended Year to date Operating Profit 2019 2018 2019 2018 KFC Division $ 270 $ 248 $ 767 $ 704 Pizza Hut Division 86 88 279 257 Taco Bell Division 161 161 458 442 Corporate and unallocated G&A expenses (41 ) (38 ) (122 ) (122 ) Unallocated Company restaurant expenses — 1 — 2 Unallocated Franchise and property expenses (a) (2 ) (2 ) (5 ) (4 ) Unallocated Refranchising gain (loss) (See Note 5) 8 100 18 285 Unallocated Other income (expense) (b) (2 ) (5 ) (11 ) (9 ) Operating Profit $ 480 $ 553 $ 1,384 $ 1,555 Investment income (expense), net (See Note 5) (59 ) 96 (50 ) 185 Other pension income (expense) (See Note 11) (1 ) (4 ) (4 ) (10 ) Interest expense, net (120 ) (111 ) (354 ) (330 ) Income before income taxes $ 300 $ 534 $ 976 $ 1,400 (a) Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5. (b) Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses that we recorded in the second quarter of 2019. See Note 5.

Pension Benefits

Pension Benefits	9 Months Ended
	Sep. 30, 2019
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 Year to date 2019 2018 2019 2018 Service cost $ 1 $ 1 $ 4 $ 5 Interest cost 10 9 30 27 Expected return on plan assets (11 ) (10 ) (33 ) (31 ) Amortization of net loss — 4 1 11 Amortization of prior service cost 2 1 4 4 Net periodic benefit cost $ 2 $ 5 $ 6 $ 16 Additional loss recognized due to settlements (a) $ 1 $ — $ 3 $ — Special termination benefits $ — $ 1 $ — $ 1 (a) Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.

Short-term Borrowings and Long-

Short-term Borrowings and Long-term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Short-term Borrowings and Long-term Debt	Short-term Borrowings and Long-term Debt Short-term Borrowings 9/30/2019 12/31/2018 Current maturities of long-term debt $ 84 $ 331 Other 10 — 94 331 Less current portion of debt issuance costs and discounts (10 ) (10 ) Short-term borrowings $ 84 $ 321 Long-term Debt Securitization Notes $ 2,906 $ 2,928 Subsidiary Senior Unsecured Notes 2,850 2,850 Term Loan A Facility 469 488 Term Loan B Facility 1,940 1,955 YUM Senior Unsecured Notes 2,425 1,875 Finance lease obligations 69 71 $ 10,659 $ 10,167 Less debt issuance costs and discounts (84 ) (85 ) Less current maturities of long-term debt (84 ) (331 ) Long-term debt $ 10,491 $ 9,751 YUM Senior Unsecured Note Issuance On September 11, 2019, YUM! Brands, Inc. issued $800 million aggregate principal amount of 4.75% YUM Senior Unsecured Notes due January 15, 2030 (the “2030 Notes”). The net proceeds from the issuance were used to repay in full $250 million aggregate principal amount of YUM Senior Unsecured Notes that matured in September 2019, to repay the then outstanding borrowings under our $1 billion revolving facility and for general corporate purposes. Interest on the 2030 Notes is payable semi-annually in arrears on January 15 and July 15 of each year. The indenture governing the 2030 Notes contains covenants and events of default that are customary for debt securities of this type, including cross-default provisions whereby the acceleration of the maturity of any of our indebtedness or the failure to pay principal of such indebtedness will constitute an event of default under the YUM Senior Unsecured Notes unless such indebtedness is discharged, or the acceleration of the maturity of that indebtedness is annulled, within 30 days after notice. During the quarter ended September 30, 2019 the Company incurred debt issuance costs of $10 million in connection with the issuance of the 2030 Notes. These issuance costs are recorded as a reduction in Long-term debt on our Condensed Consolidated Balance Sheet. Details of our short-term borrowings and long-term debt as of December 31, 2018 can be found within our 2018 Form 10-K. Cash paid for interest during the years to date ended September 30, 2019 and 2018 was $324 million and $300 million , respectively.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments We use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates. Interest Rate Swaps We have entered into interest rate swaps with the objective of reducing our exposure to interest rate risk for a portion of our variable-rate debt interest payments. At both September 30, 2019 and December 31, 2018, our interest rate swaps expiring in July 2021 had notional amounts of $1.55 billion and our interest rate swaps expiring in March 2025 had notional amounts of $1.5 billion . These interest rate swaps are designated cash flow hedges as the changes in the future cash flows of the swaps are expected to offset changes in expected future interest payments on the related variable-rate debt. There were no other interest rate swaps outstanding as of September 30, 2019 or December 31, 2018. Gains or losses on the interest rate swaps are reported as a component of AOCI and reclassified into Interest expense, net in our Condensed Consolidated Statements of Income in the same period or periods during which the related hedged interest payments affect earnings. Through September 30, 2019 , the swaps were highly effective cash flow hedges. Foreign Currency Contracts We have entered into foreign currency forward and swap contracts with the objective of reducing our exposure to earnings volatility arising from foreign currency fluctuations associated with certain foreign currency denominated intercompany receivables and payables. The notional amount, maturity date, and currency of these contracts match those of the underlying intercompany receivables or payables. Our foreign currency contracts are designated cash flow hedges as the future cash flows of the contracts are expected to offset changes in intercompany receivables and payables due to foreign currency exchange rate fluctuations. Gains or losses on the foreign currency contracts are reported as a component of AOCI. Amounts are reclassified from AOCI each quarter to offset foreign currency transaction gains or losses recorded within Other (income) expense when the related intercompany receivables and payables affect earnings due to their functional currency remeasurements. Through September 30, 2019 , all foreign currency contracts related to intercompany receivables and payables were highly effective cash flow hedges. As of September 30, 2019 and December 31, 2018, foreign currency contracts outstanding related to intercompany receivables and payables had total notional amounts of $26 million and $456 million , respectively. During the quarter ended September 30, 2019 we terminated foreign currency contracts with notional amounts of $430 million and settled the related intercompany receivable and payable. As a result of this termination and settlement, we reclassified $4 million of unrealized loss from AOCI to Interest expense, net in our Condensed Consolidated Statements of Income. We received $3 million in cash from the counterparty upon termination, which represented the fair value of the contracts at the time of termination. Our remaining foreign currency forward contracts all have durations that expire in 2019. As a result of the use of interest rate swaps and foreign currency contracts, the Company is exposed to risk that the counterparties will fail to meet their contractual obligations. To mitigate the counterparty credit risk, we only enter into contracts with major financial institutions carefully selected based upon their credit ratings and other factors, and continually assess the creditworthiness of counterparties. At September 30, 2019 , all of the counterparties to our interest rate swaps and foreign currency contracts had investment grade ratings according to the three major ratings agencies. To date, all counterparties have performed in accordance with their contractual obligations. Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income: Quarter ended Year to date Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income 2019 2018 2019 2018 2019 2018 2019 2018 Interest rate swaps $ (18 ) $ 12 $ (4 ) $ (4 ) $ (88 ) $ 28 $ (14 ) $ (7 ) Foreign currency contracts 13 4 (8 ) (4 ) 23 15 (12 ) (16 ) Income tax benefit/(expense) 3 (3 ) 1 1 19 (8 ) 4 3 As of September 30, 2019 , the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the next 12 months is $7 million , based on current LIBOR interest rates. See Note 14 for the fair value of our derivative assets and liabilities.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Disclosures As of September 30, 2019 , the carrying values of cash and cash equivalents, restricted cash, short-term investments, accounts receivable, short-term borrowings 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: 9/30/2019 12/31/2018 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 2,906 $ 3,071 $ 2,928 $ 2,967 Subsidiary Senior Unsecured Notes (b) 2,850 3,032 2,850 2,733 Term Loan A Facility (b) 469 474 488 479 Term Loan B Facility (b) 1,940 1,949 1,955 1,915 YUM Senior Unsecured Notes (b) 2,425 2,550 1,875 1,798 (a) We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets. (b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates. Recurring Fair Value Measurements The Company has interest rate swaps, foreign currency contracts, an investment in Grubhub common stock and other investments, all of which are required to be measured at fair value on a recurring basis (See Note 13 for discussion regarding derivative instruments and Note 5 for discussion regarding our investment in Grubhub common stock). The following table presents fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall. Fair Value Condensed Consolidated Balance Sheet Level 9/30/2019 12/31/2018 Assets Interest Rate Swaps Prepaid expenses and other current assets 2 $ 7 $ 21 Foreign Currency Contracts Prepaid expenses and other current assets 2 1 5 Interest Rate Swaps Other assets 2 2 29 Investment in Grubhub Common Stock Other assets 1 158 214 Other Investments Other assets 1 33 27 Liabilities Interest Rate Swaps Other liabilities and deferred credits 2 86 23 Foreign Currency Contracts Other liabilities and deferred credits 2 — 24 The fair value of the Company’s foreign currency contracts and interest rate swaps were determined based on the present value of expected future cash flows considering the risks involved, including nonperformance risk, and using discount rates appropriate for the duration based on observable inputs. The fair value of the investment in Grubhub common stock was determined primarily based on closing market prices for the shares. The other investments include investments in mutual funds, which are used to offset fluctuations for a portion of our deferred compensation liabilities. The other investments' fair value is determined based on the closing market prices of the respective mutual funds as of September 30, 2019 and December 31, 2018.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Guarantees, Commitments and Contingencies	Contingencies Lease Guarantees As a result of having assigned our interest in obligations under real estate leases as a condition to the refranchising of certain Company-owned restaurants, and guaranteeing certain other leases, we are frequently secondarily liable on lease agreements. These leases have varying terms, the latest of which expires in 2065. As of September 30, 2019 , the potential amount of undiscounted payments we could be required to make in the event of non-payment by the primary lessee was approximately $475 million . The present value of these potential payments discounted at our pre-tax cost of debt at September 30, 2019 , was approximately $400 million . Our franchisees are the primary lessees under the vast majority of these leases. We generally have cross-default provisions with these franchisees that would put them in default of their franchise agreement in the event of non-payment under the lease. We believe these cross-default provisions significantly reduce the risk that we will be required to make payments under these leases. Accordingly, the liability recorded for our probable exposure under such leases as of September 30, 2019 was not material. Legal Proceedings We are subject to various claims and contingencies related to lawsuits, real estate, environmental and other matters arising in the normal course of business. An accrual is recorded with respect to claims or contingencies for which a loss is determined to be probable and reasonably estimable. We are currently engaged in various legal proceedings and have certain unresolved claims pending, the ultimate liability for which, if any, cannot be determined at this time. However, based upon consultation with legal counsel, we are of the opinion that such proceedings and claims are not expected to have a material adverse effect, individually or in the aggregate, on our Condensed Consolidated Financial Statements.

Note 2. Lease Accounting Poli_2

Note 2. Lease Accounting Policy (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Schedule of lease expenses [Line Items]
Schedule of lease expenses [Table Text Block]	The components of lease expense were as follows: Quarter Ended 9/30/2019 Year to date 9/30/2019 Operating lease cost $ 18 $ 55 Finance lease cost Amortization of right-of-use assets — 2 Interest on lease liabilities 1 2 Total finance lease cost 1 4 Sublease income (16 ) (50 )
Schedule Of Future Minimum Commitments And Lease Receivables [Text Block]	Future minimum lease payments as of September 30, 2019, including rental payments for lease renewal options we are reasonably certain to exercise were as follows: Commitments Finance Operating Less than 1 year $ 10 $ 110 1-2 years 9 101 2-3 years 9 92 3-4 years 8 83 4-5 years 7 79 Thereafter 54 548 Total lease payments 97 1,013 Less imputed interest (28 ) (291 ) Total lease liabilities $ 69 $ 722	Future minimum lease payments under the non-cancellable term of leases as of December 31, 2018 as required to be disclosed under Legacy GAAP were as follows: Commitments Capital Operating 2019 $ 10 $ 103 2020 10 89 2021 9 78 2022 8 71 2023 8 61 Thereafter 58 384 Total lease payments $ 103 $ 786

Note 2. Lease Accounting Poli_3

Note 2. Lease Accounting Policy Supplemental Balance Sheet Information Related to Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Balance Sheet Information Related to Leases [Line Items]
Supplemental Balance Sheet Information Related to Leases [Table Text Block]	Supplemental balance sheet information related to leases was as follows: 9/30/2019 Condensed Consolidated Balance Sheet Assets Operating lease right-of-use assets $ 657 Other assets Finance lease right-of-use assets 36 Property, plant and equipment, net Total right-of-use assets (a) $ 693 Liabilities Current Operating $ 69 Accounts payable and other current liabilities Finance 7 Short-term borrowings Non-current Operating 653 Other liabilities and deferred credits Finance 62 Long-term debt Total lease liabilities (a) $ 791 Weighted-average Remaining Lease Term (in years) Operating leases 12.8 Finance leases 12.6 Weighted-average Discount Rate Operating leases 5.5 % Finance leases 6.1 % (a) U.S. operating lease right-of-use assets and liabilities totaled $298 million and $352 million , respectively, as of September 30, 2019 and primarily related to Taco Bell U.S.

Note 2. Lease Accounting Poli_4

Note 2. Lease Accounting Policy Supplemental Cash Flow Information Related to Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Related to Leases [Line Items]
Supplemental Cash Flow Related to Leases [Table Text Block]	Supplemental cash flow information related to leases was as follows: Year to date 9/30/2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 73 Operating cash flows from finance leases 2 Financing cash flows from finance leases 3 Right-of-use assets obtained in exchange for lease obligations Operating leases 67 Finance leases 8

Note 3. Earnings Per Common Sha

Note 3. Earnings Per Common Share ("EPS") Earnings Per Common Share ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Quarter ended Year to date 2019 2018 2019 2018 Net Income $ 255 $ 454 $ 806 $ 1,208 Weighted-average common shares outstanding (for basic calculation) 306 318 307 325 Effect of dilutive share-based employee compensation 7 7 7 7 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 313 325 314 332 Basic EPS $ 0.83 $ 1.43 $ 2.63 $ 3.72 Diluted EPS $ 0.81 $ 1.40 $ 2.57 $ 3.64 Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation (a) 0.1 2.2 1.9 1.9 (a) These unexercised employee stock options and stock appreciation rights were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

Shareholders' Deficit (Tables)

Shareholders' Deficit (Tables)	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in Accumulated other comprehensive loss ("AOCI") are presented below. Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature Pension and Post-Retirement Benefits Derivative Instruments Total Balance at June 30, 2019, net of tax $ (240 ) $ (78 ) $ (62 ) $ (380 ) OCI, net of tax Gains (losses) arising during the period classified into AOCI, net of tax (37 ) — (2 ) (39 ) (Gains) losses reclassified from AOCI, net of tax — 2 (11 ) (9 ) (37 ) 2 (13 ) (48 ) Balance at September 30, 2019, net of tax $ (277 ) $ (76 ) $ (75 ) $ (428 ) Balance at December 31, 2018, net of tax $ (245 ) $ (82 ) $ (7 ) $ (334 ) OCI, net of tax Gains (losses) arising during the period classified into AOCI, net of tax (32 ) — (46 ) (78 ) (Gains) losses reclassified from AOCI, net of tax — 6 (22 ) (16 ) (32 ) 6 (68 ) (94 ) Balance at September 30, 2019, net of tax $ (277 ) $ (76 ) $ (75 ) $ (428 )
Repurchase Of Shares Of Common Stock	Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the years to date ended September 30, 2019 and 2018 as indicated below. All amounts exclude applicable transaction fees. Shares Repurchased (thousands) Dollar Value of Shares Repurchased Remaining Dollar Value of Shares that may be Repurchased 2019 2018 2019 2018 2019 November 2017 Authorization — 18,240 $ — $ 1,500 $ — August 2018 Authorization 4,541 2,244 476 198 630 Total 4,541 (a) 20,484 (b) $ 476 (a) $ 1,698 (b) $ 630 (a) Includes the effect of $9 million in share repurchases ( 0.09 million shares) with trade dates on, or prior to, September 30, 2019 , but cash settlement dates subsequent to September 30, 2019 and excludes the effect of $5 million in share repurchases ( 0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018. (b) Includes the effect of $14 million in share repurchases ( 0.2 million shares) with trade dates prior to September 30, 2018 , but cash settlement dates subsequent to September 30, 2018 .

Note 5. Items Affecting Compara

Note 5. Items Affecting Comparability of Net Income, Financial Position and Cash Flows Refranchising (Tables)	9 Months Ended
	Sep. 30, 2019
Refranchising (gain) loss [Member]
Facility Actions [Line Items]
Facility Actions [Table Text Block]	A summary of Refranchising (gain) loss is as follows: Quarter ended Year to date 2019 2018 2019 2018 KFC Division $ (7 ) $ (29 ) $ (13 ) $ (128 ) Pizza Hut Division — 3 — 14 Taco Bell Division (1 ) (74 ) (5 ) (171 ) Worldwide $ (8 ) $ (100 ) $ (18 ) $ (285 )

Note 5. Items Affecting Compa_2

Note 5. Items Affecting Comparability of Net Income, Financial Position and Cash Flows Impact of Adopting New Accounting Standards (Tables)	9 Months Ended
	Sep. 30, 2019
Lease adjustments made to Condensed Consolidated Balance Sheet [Table Text Block]	As a result of adopting Topic 842, the following adjustments were made to the Condensed Consolidated Balance Sheet as of the beginning of the quarter ended March 31, 2019: CONDENSED CONSOLIDATED BALANCE SHEET As Reported 12/31/2018 Adjustments Balances with Adoption of Topic 842 1/1/2019 ASSETS Current Assets Cash and cash equivalents $ 292 $ — $ 292 Accounts and notes receivable, net 561 — 561 Prepaid expenses and other current assets 354 (10 ) 344 Total Current Assets 1,207 (10 ) 1,197 Property, plant and equipment, net 1,237 — 1,237 Goodwill 525 — 525 Intangible assets, net 242 — 242 Other assets 724 689 1,413 Deferred income taxes 195 — 195 Total Assets $ 4,130 $ 679 $ 4,809 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current Liabilities Accounts payable and other current liabilities $ 911 $ 76 $ 987 Income taxes payable 69 — 69 Short-term borrowings 321 — 321 Total Current Liabilities 1,301 76 1,377 Long-term debt 9,751 — 9,751 Other liabilities and deferred credits 1,004 605 1,609 Total Liabilities 12,056 681 12,737 Shareholders’ Deficit Accumulated deficit (7,592 ) (2 ) (7,594 ) Accumulated other comprehensive loss (334 ) — (334 ) Total Shareholders’ Deficit (7,926 ) (2 ) (7,928 ) Total Liabilities and Shareholders’ Deficit $ 4,130 $ 679 $ 4,809
Refranchising (gain) loss [Member]
Facility Actions [Table Text Block]	A summary of Refranchising (gain) loss is as follows: Quarter ended Year to date 2019 2018 2019 2018 KFC Division $ (7 ) $ (29 ) $ (13 ) $ (128 ) Pizza Hut Division — 3 — 14 Taco Bell Division (1 ) (74 ) (5 ) (171 ) Worldwide $ (8 ) $ (100 ) $ (18 ) $ (285 )

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Balance Sheet Information Disclosure [Abstract]
Schedule of Cash and Cash Equivalents [Table Text Block]	9/30/2019 12/31/2018 Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets $ 691 $ 292 Restricted cash included in Prepaid expenses and other current assets (a) 120 151 Restricted cash and restricted cash equivalents included in Other assets (b) 25 31 Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows $ 836 $ 474 (a) Restricted cash within Prepaid expenses and other current assets reflects Taco Bell Securitization interest reserves and the cash related to advertising cooperatives that we consolidate that can only be used to settle obligations of the respective cooperatives. (b) Primarily trust accounts related to our self-insurance program.
Accounts and Notes Receivable	9/30/2019 12/31/2018 Accounts and notes receivable, gross $ 584 $ 592 Allowance for doubtful accounts (57 ) (31 ) Accounts and notes receivable, net $ 527 $ 561
Property, Plant and Equipment	9/30/2019 12/31/2018 Property, plant and equipment, gross $ 2,279 $ 2,353 Accumulated depreciation and amortization (1,128 ) (1,116 ) Property, plant and equipment, net $ 1,151 $ 1,237

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Tax And Effective Tax Rate	Quarter ended Year to date 2019 2018 2019 2018 Income tax provision $ 45 $ 80 $ 170 $ 192 Effective tax rate 15.1 % 15.1 % 17.4 % 13.7 %

Revenue Recognition Accountin_2

Revenue Recognition Accounting Policy (Tables)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Disaggregation of Revenue [Table Text Block]	The following tables disaggregate revenue by Concept, for our two most significant markets based on Operating Profit and for all other markets. We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors. Quarter ended 9/30/2019 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 17 $ 5 $ 216 $ 238 Franchise revenues 40 63 142 245 Property revenues 5 2 10 17 Franchise contributions for advertising and other services 2 71 114 187 China Franchise revenues 57 16 — 73 Other Company sales 118 8 — 126 Franchise revenues 226 61 6 293 Property revenues 16 1 — 17 Franchise contributions for advertising and other services 128 14 1 143 $ 609 $ 241 $ 489 $ 1,339	Quarter ended 9/30/2018 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 17 $ 6 $ 265 $ 288 Franchise revenues 41 65 131 237 Property revenues 5 1 5 11 Franchise contributions for advertising and other services 3 62 105 170 China Franchise revenues 52 16 — 68 Other Company sales 204 7 — 211 Franchise revenues 204 60 6 270 Property revenues 18 1 — 19 Franchise contributions for advertising and other services 105 11 1 117 $ 649 $ 229 $ 513 $ 1,391	Year to date ended 9/30/2019 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 51 $ 15 $ 624 $ 690 Franchise revenues 119 197 410 726 Property revenues 16 5 31 52 Franchise contributions for advertising and other services 7 223 327 557 China Franchise revenues 165 46 — 211 Other Company sales 344 20 2 366 Franchise revenues 649 181 19 849 Property revenues 50 2 — 52 Franchise contributions for advertising and other services 358 41 1 400 $ 1,759 $ 730 1,414 $ 3,903	Year to date ended 9/30/2018 KFC Division Pizza Hut Division Taco Bell Division Total U.S. Company sales $ 50 $ 31 $ 759 840 Franchise revenues 119 197 371 687 Property revenues 16 3 16 35 Franchise contributions for advertising and other services 7 187 293 487 China Franchise revenues 155 47 — 202 Other Company sales 657 24 2 683 Franchise revenues 592 183 17 792 Property revenues 55 2 — 57 Franchise contributions for advertising and other services 307 39 1 347 $ 1,958 $ 713 $ 1,459 $ 4,130
Deferred Franchise Fees [Table Text Block]			A summary of significant changes to the contract liability balance during 2019 is presented below. Deferred Franchise Fees Balance at December 31, 2018 $ 414 Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period (47 ) Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period 51 Balance at September 30, 2019 $ 418
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]			We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows: Less than 1 year $ 61 1 - 2 years 58 2 - 3 years 53 3 - 4 years 48 4 - 5 years 44 Thereafter 154 Total $ 418

Reportable Operating Segments (

Reportable Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize Revenues and Operating Profit for each of our reportable operating segments: Quarter ended Year to date Revenues 2019 2018 2019 2018 KFC Division $ 609 $ 649 $ 1,759 $ 1,958 Pizza Hut Division 241 229 730 713 Taco Bell Division 489 513 1,414 1,459 $ 1,339 $ 1,391 $ 3,903 $ 4,130 Quarter ended Year to date Operating Profit 2019 2018 2019 2018 KFC Division $ 270 $ 248 $ 767 $ 704 Pizza Hut Division 86 88 279 257 Taco Bell Division 161 161 458 442 Corporate and unallocated G&A expenses (41 ) (38 ) (122 ) (122 ) Unallocated Company restaurant expenses — 1 — 2 Unallocated Franchise and property expenses (a) (2 ) (2 ) (5 ) (4 ) Unallocated Refranchising gain (loss) (See Note 5) 8 100 18 285 Unallocated Other income (expense) (b) (2 ) (5 ) (11 ) (9 ) Operating Profit $ 480 $ 553 $ 1,384 $ 1,555 Investment income (expense), net (See Note 5) (59 ) 96 (50 ) 185 Other pension income (expense) (See Note 11) (1 ) (4 ) (4 ) (10 ) Interest expense, net (120 ) (111 ) (354 ) (330 ) Income before income taxes $ 300 $ 534 $ 976 $ 1,400 (a) Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5. (b) Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses that we recorded in the second quarter of 2019. See Note 5.

Pension Benefits (Tables)

Pension Benefits (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost associated with our significant U.S. pension plans are as follows: Quarter ended Year to date 2019 2018 2019 2018 Service cost $ 1 $ 1 $ 4 $ 5 Interest cost 10 9 30 27 Expected return on plan assets (11 ) (10 ) (33 ) (31 ) Amortization of net loss — 4 1 11 Amortization of prior service cost 2 1 4 4 Net periodic benefit cost $ 2 $ 5 $ 6 $ 16 Additional loss recognized due to settlements (a) $ 1 $ — $ 3 $ — Special termination benefits $ — $ 1 $ — $ 1 (a) Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.

Short-term Borrowings and Lon_2

Short-term Borrowings and Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Short-term Borrowings and Long-term Debt	Short-term Borrowings 9/30/2019 12/31/2018 Current maturities of long-term debt $ 84 $ 331 Other 10 — 94 331 Less current portion of debt issuance costs and discounts (10 ) (10 ) Short-term borrowings $ 84 $ 321 Long-term Debt Securitization Notes $ 2,906 $ 2,928 Subsidiary Senior Unsecured Notes 2,850 2,850 Term Loan A Facility 469 488 Term Loan B Facility 1,940 1,955 YUM Senior Unsecured Notes 2,425 1,875 Finance lease obligations 69 71 $ 10,659 $ 10,167 Less debt issuance costs and discounts (84 ) (85 ) Less current maturities of long-term debt (84 ) (331 ) Long-term debt $ 10,491 $ 9,751 9/30/2019 12/31/2018 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 2,906 $ 3,071 $ 2,928 $ 2,967 Subsidiary Senior Unsecured Notes (b) 2,850 3,032 2,850 2,733 Term Loan A Facility (b) 469 474 488 479 Term Loan B Facility (b) 1,940 1,949 1,955 1,915 YUM Senior Unsecured Notes (b) 2,425 2,550 1,875 1,798 (a) We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets. (b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gains and losses on derivative instruments designated as cash flow hedges recognized in other comprehensive income and reclassifications from AOCI to earnings	Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income: Quarter ended Year to date Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income 2019 2018 2019 2018 2019 2018 2019 2018 Interest rate swaps $ (18 ) $ 12 $ (4 ) $ (4 ) $ (88 ) $ 28 $ (14 ) $ (7 ) Foreign currency contracts 13 4 (8 ) (4 ) 23 15 (12 ) (16 ) Income tax benefit/(expense) 3 (3 ) 1 1 19 (8 ) 4 3

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Short-term Borrowings and Long-term Debt	Short-term Borrowings 9/30/2019 12/31/2018 Current maturities of long-term debt $ 84 $ 331 Other 10 — 94 331 Less current portion of debt issuance costs and discounts (10 ) (10 ) Short-term borrowings $ 84 $ 321 Long-term Debt Securitization Notes $ 2,906 $ 2,928 Subsidiary Senior Unsecured Notes 2,850 2,850 Term Loan A Facility 469 488 Term Loan B Facility 1,940 1,955 YUM Senior Unsecured Notes 2,425 1,875 Finance lease obligations 69 71 $ 10,659 $ 10,167 Less debt issuance costs and discounts (84 ) (85 ) Less current maturities of long-term debt (84 ) (331 ) Long-term debt $ 10,491 $ 9,751 9/30/2019 12/31/2018 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 2,906 $ 3,071 $ 2,928 $ 2,967 Subsidiary Senior Unsecured Notes (b) 2,850 3,032 2,850 2,733 Term Loan A Facility (b) 469 474 488 479 Term Loan B Facility (b) 1,940 1,949 1,955 1,915 YUM Senior Unsecured Notes (b) 2,425 2,550 1,875 1,798 (a) We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets. (b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall. Fair Value Condensed Consolidated Balance Sheet Level 9/30/2019 12/31/2018 Assets Interest Rate Swaps Prepaid expenses and other current assets 2 $ 7 $ 21 Foreign Currency Contracts Prepaid expenses and other current assets 2 1 5 Interest Rate Swaps Other assets 2 2 29 Investment in Grubhub Common Stock Other assets 1 158 214 Other Investments Other assets 1 33 27 Liabilities Interest Rate Swaps Other liabilities and deferred credits 2 86 23 Foreign Currency Contracts Other liabilities and deferred credits 2 — 24

Financial Statement Presentat_2

Financial Statement Presentation (Details)	9 Months Ended
	Sep. 30, 2019weeksMonthsoperating_segmentsrestaurantscountries_and_territioriesRate
Number of Reportable Segments | operating_segments	3
Number of Countries in which Entity Operates | countries_and_territiories	145
Number of Stores | restaurants	49,000
Percent Of System Units Located Outside United States | Rate	98.00%
Fiscal Period Weeks Standard for U.S. subsidiaries and certain international subsidiaries	12
Fiscal Period Weeks Standard Fourth Quarter	16
Number of weeks in a standard year	52
Fiscal Period Weeks Standard Fourth Quarter of a 53rd Week Year for U.S. subsidiaries and certain international subsidiaries	17
Number of weeks in a 53rd week year	53
Fiscal period months standard for each quarter | Months	3

Note 2. Lease Accounting Poli_5

Note 2. Lease Accounting Policy (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Operating Leased Assets [Line Items]
Operating Lease, Cost		$ 18	$ 55
Operating Lease, Payments			73
Operating Lease, Right-of-Use Asset		657	657
Capital Leases, Future Minimum Payments Due				$ 103
Capital Leases, Future Minimum Payments Due Thereafter				58
Operating Leases, Future Minimum Payments, Due Thereafter				384
Capital Leases, Future Minimum Payments Due in Five Years				8
Operating Leases, Future Minimum Payments, Due in Five Years				61
Capital Leases, Future Minimum Payments Due in Four Years				8
Operating Leases, Future Minimum Payments, Due in Four Years				71
Capital Leases, Future Minimum Payments Due in Three Years				9
Operating Leases, Future Minimum Payments, Due in Three Years				78
Capital Leases, Future Minimum Payments Due, Next Twelve Months				10
Finance Lease, Liability, Payments, Due Next Twelve Months		10	10
Operating Leases, Future Minimum Payments Due, Next Twelve Months		110	110	103
Finance Lease, Liability, Payments, Due Year Two		9	9
Operating Leases, Future Minimum Payments, Due in Rolling Year Two		101	101
Finance Lease, Liability, Payments, Due Year Three		9	9
Operating Leases, Future Minimum Payments, Due in Rolling Year Three		92	92
Capital Leases, Future Minimum Payments Due in Two Years				10
Operating Leases, Future Minimum Payments, Due in Two Years				89
Operating Leases, Future Minimum Payments Due		1,013	1,013	$ 786
Finance Lease, Liability, Payments, Due in Rolling Year Four		8	8
Operating Leases, Future Minimum Payments, Due in Rolling Year Four		83	83
Finance Lease, Liability, Payments, Due in Rolling Year Five		7	7
Operating Leases, Future Minimum Payments, Due in Rolling Year Five		79	79
Finance Lease, Liability, Payments, Due in Rolling after Year Five		54	54
Operating Leases, Future Minimum Payments, Due in Rolling after Year Five		548	548
Finance Lease, Liability, Payment, Due		97	97
Finance Lease, Interest Expense		(28)	(28)
Lessee, Operating Lease, Liability, Undiscounted Excess Amount		(291)	(291)
Finance Lease, Liability		69	69
Operating Lease, Liability		722	722
Finance Lease, Right-of-Use Asset		36	36
Lease Right of Use Asset	[1]	693	693
Operating Lease, Liability, Current		69	69
Finance Lease, Liability, Current		7	7
Operating Lease, Liability, Noncurrent		653	653
Finance Lease, Liability, Noncurrent		62	62
Total Lease Liability	[1]	$ 791	$ 791
Operating Lease, Weighted Average Remaining Lease Term		12 years 9 months 4 days	12 years 9 months 4 days
Finance Lease, Weighted Average Remaining Lease Term		12 years 7 months 2 days	12 years 7 months 2 days
Operating Lease, Weighted Average Discount Rate, Percent		5.50%	5.50%
Finance Lease, Weighted Average Discount Rate, Percent		6.10%	6.10%
Finance Lease, Interest Payment on Liability			$ 2
Finance Lease, Principal Payments			3
Finance Lease, Right-of-Use Asset, Amortization		$ 0	2
Finance Lease, Interest Expense		1	2
Lease, Cost		1	4
Sublease Income		(16)	(50)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			67
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability			8
UNITED STATES
Operating Leased Assets [Line Items]
Operating Lease, Right-of-Use Asset		298	298
Operating Lease, Liability		$ 352	$ 352
[1]	(a) U.S. operating lease right-of-use assets and liabilities totaled $298 million and $352 million , respectively, as of September 30, 2019 and primarily related to Taco Bell U.S.

Note 2. Lease Accounting Poli_6

Note 2. Lease Accounting Policy Supplemental Balance Sheet Information Related to Leases (Details) $ in Millions	Sep. 30, 2019USD ($)
Supplemental Balance Sheet Information Related to Leases [Line Items]
Operating Lease, Right-of-Use Asset	$ 657
Operating Lease, Weighted Average Remaining Lease Term	12 years 9 months 4 days
Finance Lease, Weighted Average Remaining Lease Term	12 years 7 months 2 days
Operating Lease, Liability	$ 722
UNITED STATES
Supplemental Balance Sheet Information Related to Leases [Line Items]
Operating Lease, Right-of-Use Asset	298
Operating Lease, Liability	$ 352

Earnings Per Common Share ("E_2

Earnings Per Common Share ("EPS") (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net Income - YUM! Brands, Inc.		$ 255	$ 454	$ 806	$ 1,208
Weighted-average common shares outstanding (for basic calculation)		306	318	307	325
Effect of dilutive share-based employee compensation		7	7	7	7
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)		313	325	314	332
Basic EPS		$ 0.83	$ 1.43	$ 2.63	$ 3.72
Diluted EPS		$ 0.81	$ 1.40	$ 2.57	$ 3.64
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation	[1]	0.1	2.2	1.9	1.9
[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	9 Months Ended
	Sep. 30, 2019		Sep. 30, 2018
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	4,541	[1]	20,484	[2]
Dollar Value of Shares Repurchased	$ 476	[1]	$ 1,698	[2]
Remaining Dollar Value of Shares that may be Repurchased	630
Value of share repurchases with trade dates prior to current reporting date but with settlement dates subsequent to the current reporting date.	$ 9		$ 14
Number of shares repurchased with trade dates prior to current reporting date but with settlement dates subsequent to the current reporting date.	90		200
Value of shares repurchased with trade dates prior to the current reporting quarter, but settlement dates in the current quarter	$ 5
Number of shares repurchased with trade dates prior to the current reporting quarter, but settlement dates in the current quarter	50
November 2017 [Member]
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	0		18,240
Dollar Value of Shares Repurchased	$ 0		$ 1,500
Remaining Dollar Value of Shares that may be Repurchased	$ 0
August 2018 [Member]
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	4,541		2,244
Dollar Value of Shares Repurchased	$ 476		$ 198
Remaining Dollar Value of Shares that may be Repurchased	$ 630
[1]	Includes the effect of $9 million in share repurchases ( 0.09 million shares) with trade dates on, or prior to, September 30, 2019 , but cash settlement dates subsequent to September 30, 2019 and excludes the effect of $5 million in share repurchases ( 0.05 million shares) with trade dates on, or prior to, December 31, 2018, but cash settlement dates subsequent to December 31, 2018.
[2]	Includes the effect of $14 million in share repurchases ( 0.2 million shares) with trade dates prior to September 30, 2018 , but cash settlement dates subsequent to September 30, 2018 .

Shareholders' Deficit (Details

Shareholders' Deficit (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of changes in accumulated comprehensive income [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification				$ 2
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (380)		(334)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	(39)		(78)
(Gains) losses reclassified from accumulated OCI, net of tax	(9)		(16)
Other comprehensive income (loss), net of tax	(48)	$ (35)	(94)	$ (48)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(428)		(428)
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Schedule of changes in accumulated comprehensive income [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	(240)		(245)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	(37)		(32)
(Gains) losses reclassified from accumulated OCI, net of tax	0		0
Other comprehensive income (loss), net of tax	(37)		(32)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(277)		(277)
Pension and Post-Retirement Benefits
Schedule of changes in accumulated comprehensive income [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	(78)		(82)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	0		0
(Gains) losses reclassified from accumulated OCI, net of tax	2		6
Other comprehensive income (loss), net of tax	2		6
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	(76)		(76)
Derivative Instruments
Schedule of changes in accumulated comprehensive income [Line Items]
Beginning Accumulated Other Comprehensive Income (Loss), Net of Tax	(62)		(7)
Gains (losses) arising during the year classified into accumulated OCI, net of tax	(2)		(46)
(Gains) losses reclassified from accumulated OCI, net of tax	(11)		(22)
Other comprehensive income (loss), net of tax	(13)		(68)
Ending Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (75)		$ (75)

Items Affecting Comparability_2

Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended	29 Months Ended	48 Months Ended	57 Months Ended
		Sep. 30, 2019USD ($)daysYearsrestaurants$ / sharesshares	Sep. 30, 2018USD ($)restaurants$ / shares	Sep. 30, 2019USD ($)daysYearsrestaurants$ / sharesshares	Sep. 30, 2018USD ($)restaurants$ / shares	Dec. 31, 2018USD ($)	Sep. 30, 2019USD ($)daysYearsshares	Dec. 31, 2018USD ($)	Sep. 30, 2019USD ($)daysYearsshares	Jun. 30, 2019USD ($)	Jan. 01, 2019USD ($)
Net Cash Provided by (Used in) Investing Activities				$ (54)	$ 89
Net Cash Provided by (Used in) Financing Activities				$ (440)	(2,161)
Investment Owned, Balance, Shares | shares		2.8		2.8			2.8		2.8
Net Cash Provided by (Used in) Operating Activities				$ 883	796
Costs associated with PH U.S. Acceleration Agreement		$ 5	$ 5	18	16
Revenues		1,339	1,391	3,903	4,130
Total Liabilities and Shareholders’ Deficit		5,003		5,003		$ 4,130	$ 5,003	$ 4,130	$ 5,003
Cash and cash equivalents		691		691		292	691	292	691
Proceeds from refranchising of restaurants		30	193	55	445
Refranchising (gain) loss		(8)	(100)	(18)	(285)
General and Administrative Expense		208	204	617	631
Interest Income (Expense), Net		120	111	354	330
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		300	534	976	1,400
Income tax provision		45	80	170	192
Cost of Goods and Services Sold		292	399	850	1,258
Accounts and notes receivable, net		527		527		561	527	561	527
Prepaid expenses and other current assets		(330)		(330)		(354)	(330)	(354)	(330)
Assets, Current		1,548		1,548		1,207	1,548	1,207	1,548
Property, plant and equipment, net		1,151		1,151		1,237	1,151	1,237	1,151
Goodwill		521		521		525	521	525	521
Intangible assets, net		243		243		242	243	242	243
Other assets		1,316		1,316		724	1,316	724	1,316
Deferred income taxes		224		224		195	224	195	224
Assets		5,003		5,003		4,130	5,003	4,130	5,003
Accounts payable and other current liabilities		870		870		911	870	911	870
Income taxes payable		33		33		69	33	69	33
Short-term borrowings		84		84		321	84	321	84
Liabilities, Current		987		987		1,301	987	1,301	987
Long-term debt		10,491		10,491		9,751	10,491	9,751	10,491
Other liabilities and deferred credits		1,622		1,622		1,004	1,622	1,004	1,622
Liabilities		13,100		13,100		12,056	13,100	12,056	13,100
Accumulated deficit		7,669		7,669		7,592	7,669	7,592	7,669
Accumulated other comprehensive income (loss)		(428)		(428)		(334)	(428)	(334)	(428)	$ (380)
Stockholders' Equity Attributable to Parent		(8,097)		(8,097)		(7,926)	(8,097)	(7,926)	(8,097)
Franchisor Costs		43	40	124	127
Cooperative Advertising Expense		325	288	941	834
Other (income) expense		(1)	7	5	10
Total costs and expenses, net		859	838	2,519	2,575
Operating Income (Loss)		480	553	1,384	1,555
Other investment (income) expense, net		59	(96)	50	(185)
Other pension (income) expense		1	4	4	10
Net Income (Loss) Attributable to Parent		$ 255	$ 454	$ 806	$ 1,208
Earnings Per Share, Basic | $ / shares		$ 0.83	$ 1.43	$ 2.63	$ 3.72
Diluted Earnings Per Common Share | $ / shares		$ 0.81	$ 1.40	$ 2.57	$ 3.64
Equity Securities, FV-NI, Cost		$ 200		$ 200			200		$ 200
Equity Securities, FV-NI, Unrealized Gain (Loss)		60	$ 94	56	$ 185
KFC Global Division [Member]
Revenues		609	649	1,759	1,958
Refranchising (gain) loss		(7)	(29)	(13)	(128)
Operating Income (Loss)		270	248	767	704
Unallocated [Member]
Refranchising (gain) loss		(8)	(100)	(18)	(285)
General and Administrative Expense		41	38	122	122
Cost of Goods and Services Sold		0	(1)	0	(2)
Franchisor Costs	[1]	2	2	5	4
Other (income) expense	[2]	2	5	11	9
Pizza Hut Global Division [Member]
Revenues		241	229	730	713
Refranchising (gain) loss		0	3	0	14
Operating Income (Loss)		86	88	279	257
Taco Bell Global Division [Member]
Revenues		489	513	1,414	1,459
Refranchising (gain) loss		(1)	(74)	(5)	(171)
Operating Income (Loss)		$ 161	$ 161	$ 458	$ 442
Refranchising (gain) loss
Number of Restaurants Refranchised | restaurants		2	134	8	329
Franchise and property expenses [Member]
Costs associated with PH U.S. Acceleration Agreement			$ 4		$ 9
Franchise and property expenses [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement		$ 2	1	$ 5	3	37.5	$ 86
Other Income and Expenses [Domain]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability				8
Interest Expense [Member]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability				2
Balances with Adoption of Topic 842 [Member]
Total Liabilities and Shareholders’ Deficit											$ 4,809
Cash and cash equivalents											292
Accounts and notes receivable, net											561
Prepaid expenses and other current assets											(344)
Assets, Current											1,197
Property, plant and equipment, net											1,237
Goodwill											525
Intangible assets, net											242
Other assets											1,413
Deferred income taxes											195
Assets											4,809
Accounts payable and other current liabilities											987
Income taxes payable											69
Short-term borrowings											321
Liabilities, Current											1,377
Long-term debt											9,751
Other liabilities and deferred credits											1,609
Liabilities											12,737
Accumulated deficit											7,594
Accumulated other comprehensive income (loss)											(334)
Stockholders' Equity Attributable to Parent											(7,928)
Product [Member]
Revenues		364	499	1,056	1,523
Franchise [Member]
Revenues		645	605	1,890	1,773
Advertising [Member]
Revenues		$ 330	287	$ 957	834
Investment closing date [Member]
Time period shares are restricted from being transferred | Years		2		2			2		2
Termination of Master Services Agreement [Member]
Time period shares are restricted from being transferred | days		30		30			30		30
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Maximum [Member]
Derivative, Maturity Date		Dec. 23, 2019
Equipment [Member] | Franchise and property expenses [Member]
Costs associated with KFC U.S. Acceleration Agreement		$ 1	2	$ 3	5				$ 125
Incremental Advertising [Member] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement			$ 2		$ 7
2017 to 2018 [Domain] | Franchise and property expenses [Member] | Unallocated and General and administrative expenses [Domain]
Costs associated with PH U.S. Acceleration Agreement				90
2015 to 2019 [Member] | Equipment [Member] | Franchise and property expenses [Member]
Costs associated with KFC U.S. Acceleration Agreement		130
2015 to 2018 [Domain] | Incremental Advertising [Member] | KFC Global Division [Member]
Costs associated with KFC U.S. Acceleration Agreement								60
Previously Reported [Member]
Total Liabilities and Shareholders’ Deficit						4,130		4,130
Cash and cash equivalents						292		292
Accounts and notes receivable, net						561		561
Prepaid expenses and other current assets						(354)		(354)
Assets, Current						1,207		1,207
Property, plant and equipment, net						1,237		1,237
Goodwill						525		525
Intangible assets, net						242		242
Other assets						724		724
Deferred income taxes						195		195
Assets						4,130		4,130
Accounts payable and other current liabilities						911		911
Income taxes payable						69		69
Short-term borrowings						321		321
Liabilities, Current						1,301		1,301
Long-term debt						9,751		9,751
Other liabilities and deferred credits						1,004		1,004
Liabilities						12,056		12,056
Accumulated deficit						7,592		7,592
Accumulated other comprehensive income (loss)						(334)		(334)
Stockholders' Equity Attributable to Parent						(7,926)		(7,926)
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Other Assets [Member]
Equity Securities, FV-NI		$ 158		$ 158		$ 214	$ 158	$ 214	$ 158
Accounting Standards Update 2016-02 [Member]
Total Liabilities and Shareholders’ Deficit											679
Cash and cash equivalents											0
Accounts and notes receivable, net											0
Prepaid expenses and other current assets											10
Assets, Current											(10)
Property, plant and equipment, net											0
Goodwill											0
Intangible assets, net											0
Other assets											689
Deferred income taxes											0
Assets											679
Accounts payable and other current liabilities											76
Income taxes payable											0
Short-term borrowings											0
Liabilities, Current											76
Long-term debt											0
Other liabilities and deferred credits											605
Liabilities											681
Accumulated deficit											2
Accumulated other comprehensive income (loss)											0
Stockholders' Equity Attributable to Parent											(2)
Accounting Standards Update 2016-02 [Member] | Lease Right of Use Asset [Member]
Other assets											690
Present Value of Operating Lease Payments [Member] | Accounting Standards Update 2016-02 [Member]
Accounts payable and other current liabilities											83
Other liabilities and deferred credits											661
Write off impact of recognizing rent expense on straight line basis [Member] | Accounting Standards Update 2016-02 [Member]
Accounts payable and other current liabilities											7
Other liabilities and deferred credits											56
Write off of prepaid rent recorded under Legacy GAAP [Member] | Accounting Standards Update 2016-02 [Member]
Prepaid expenses and other current assets											(11)
Other assets											$ 1
[1]	Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.
[2]	Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses that we recorded in the second quarter of 2019. See Note 5.

Other (Income) Expense (Details

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Income and Expenses [Line Items]
Other (income) expense	$ (1)	$ 7	$ 5	$ 10

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) $ in Millions	Sep. 30, 2019USD ($)days	Dec. 31, 2018USD ($)
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	$ 584	$ 592
Allowance for doubtful accounts	(57)	(31)
Accounts and notes receivable, net	$ 527	$ 561

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information (Details 2) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets		$ 691	$ 292
Property, plant and equipment, gross		2,279	2,353
Accumulated depreciation and amortization		(1,128)	(1,116)
Property, plant and equipment, net		1,151	1,237
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows		836	474	$ 337	$ 1,668
Prepaid expenses and other current assets [Member]
Restricted Cash and Cash Equivalents	[1]	120	151
Assets held for sale		24	0
Other Current Assets [Member]
Restricted Cash and Cash Equivalents	[2]	$ 25	$ 31
[1]	Restricted cash within Prepaid expenses and other current assets reflects Taco Bell Securitization interest reserves and the cash related to advertising cooperatives that we consolidate that can only be used to settle obligations of the respective cooperatives.
[2]	Primarily trust accounts related to our self-insurance program.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		57 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount	$ 0		$ 20
Tax Adjustments, Settlements, and Unusual Provisions				$ 19
Income Tax And Effective Tax Rate [Abstract]
Effective tax rate	15.10%	15.10%	17.40%	13.70%
Equipment [Member] | Franchise and property expenses [Member]
Costs associated with KFC U.S. Acceleration Agreement	$ 1	$ 2	$ 3	$ 5	$ 125

Revenue Recognition Accountin_3

Revenue Recognition Accounting Policy (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues	$ 1,339	$ 1,391	$ 3,903	$ 4,130
Product [Member]
Revenues	364	499	1,056	1,523
Franchise [Member]
Revenues	645	605	1,890	1,773
Advertising [Member]
Revenues	330	287	957	834
UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	17	11	52	35
UNITED STATES | Product [Member]
Revenues	238	288	690	840
UNITED STATES | Franchise [Member]
Revenues	245	237	726	687
UNITED STATES | Advertising [Member]
Revenues	187	170	557	487
CHINA | Franchise [Member]
Revenues	73	68	211	202
Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	17	19	52	57
Other, Outside the U.S. and China [Member] | Product [Member]
Revenues	126	211	366	683
Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenues	293	270	849	792
Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenues	143	117	400	347
Taco Bell Global Division [Member]
Revenues	489	513	1,414	1,459
Taco Bell Global Division [Member] | UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	10	5	31	16
Taco Bell Global Division [Member] | UNITED STATES | Product [Member]
Revenues	216	265	624	759
Taco Bell Global Division [Member] | UNITED STATES | Franchise [Member]
Revenues	142	131	410	371
Taco Bell Global Division [Member] | UNITED STATES | Advertising [Member]
Revenues	114	105	327	293
Taco Bell Global Division [Member] | CHINA | Franchise [Member]
Revenues	0	0	0	0
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	0	0	0	0
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member] | Product [Member]
Revenues	0	0	2	2
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenues	6	6	19	17
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenues	1	1	1	1
Pizza Hut Global Division [Member]
Revenues	241	229	730	713
Pizza Hut Global Division [Member] | UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	2	1	5	3
Pizza Hut Global Division [Member] | UNITED STATES | Product [Member]
Revenues	5	6	15	31
Pizza Hut Global Division [Member] | UNITED STATES | Franchise [Member]
Revenues	63	65	197	197
Pizza Hut Global Division [Member] | UNITED STATES | Advertising [Member]
Revenues	71	62	223	187
Pizza Hut Global Division [Member] | CHINA | Franchise [Member]
Revenues	16	16	46	47
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	1	1	2	2
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member] | Product [Member]
Revenues	8	7	20	24
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenues	61	60	181	183
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenues	14	11	41	39
KFC Global Division [Member]
Revenues	609	649	1,759	1,958
KFC Global Division [Member] | UNITED STATES
Operating Leases, Income Statement, Minimum Lease Revenue	5	5	16	16
KFC Global Division [Member] | UNITED STATES | Product [Member]
Revenues	17	17	51	50
KFC Global Division [Member] | UNITED STATES | Franchise [Member]
Revenues	40	41	119	119
KFC Global Division [Member] | UNITED STATES | Advertising [Member]
Revenues	2	3	7	7
KFC Global Division [Member] | CHINA | Franchise [Member]
Revenues	57	52	165	155
KFC Global Division [Member] | Other, Outside the U.S. and China [Member]
Operating Leases, Income Statement, Minimum Lease Revenue	16	18	50	55
KFC Global Division [Member] | Other, Outside the U.S. and China [Member] | Product [Member]
Revenues	118	204	344	657
KFC Global Division [Member] | Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenues	226	204	649	592
KFC Global Division [Member] | Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenues	$ 128	$ 105	$ 358	$ 307

Revenue Recognition Accountin_4

Revenue Recognition Accounting Policy (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total Revenues	$ 1,339	$ 1,391	$ 3,903	$ 4,130
KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	609	649	1,759	1,958
Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	241	229	730	713
Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	489	513	1,414	1,459
UNITED STATES
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	17	11	52	35
UNITED STATES | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	5	5	16	16
UNITED STATES | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	2	1	5	3
UNITED STATES | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	10	5	31	16
Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	17	19	52	57
Other, Outside the U.S. and China [Member] | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	16	18	50	55
Other, Outside the U.S. and China [Member] | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	1	1	2	2
Other, Outside the U.S. and China [Member] | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Operating Leases, Income Statement, Minimum Lease Revenue	0	0	0	0
Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	364	499	1,056	1,523
Product [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	238	288	690	840
Product [Member] | UNITED STATES | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	17	17	51	50
Product [Member] | UNITED STATES | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	5	6	15	31
Product [Member] | UNITED STATES | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	216	265	624	759
Product [Member] | Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Revenues	126	211	366	683
Product [Member] | Other, Outside the U.S. and China [Member] | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	118	204	344	657
Product [Member] | Other, Outside the U.S. and China [Member] | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	8	7	20	24
Product [Member] | Other, Outside the U.S. and China [Member] | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	2	2
Franchise [Member]
Disaggregation of Revenue [Line Items]
Revenues	645	605	1,890	1,773
Franchise [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	245	237	726	687
Franchise [Member] | UNITED STATES | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	40	41	119	119
Franchise [Member] | UNITED STATES | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	63	65	197	197
Franchise [Member] | UNITED STATES | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	142	131	410	371
Franchise [Member] | CHINA
Disaggregation of Revenue [Line Items]
Revenues	73	68	211	202
Franchise [Member] | CHINA | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	57	52	165	155
Franchise [Member] | CHINA | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	16	16	46	47
Franchise [Member] | CHINA | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Franchise [Member] | Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Revenues	293	270	849	792
Franchise [Member] | Other, Outside the U.S. and China [Member] | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	226	204	649	592
Franchise [Member] | Other, Outside the U.S. and China [Member] | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	61	60	181	183
Franchise [Member] | Other, Outside the U.S. and China [Member] | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	6	6	19	17
Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	330	287	957	834
Advertising [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	187	170	557	487
Advertising [Member] | UNITED STATES | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	2	3	7	7
Advertising [Member] | UNITED STATES | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	71	62	223	187
Advertising [Member] | UNITED STATES | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	114	105	327	293
Advertising [Member] | Other, Outside the U.S. and China [Member]
Disaggregation of Revenue [Line Items]
Revenues	143	117	400	347
Advertising [Member] | Other, Outside the U.S. and China [Member] | KFC Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	128	105	358	307
Advertising [Member] | Other, Outside the U.S. and China [Member] | Pizza Hut Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	14	11	41	39
Advertising [Member] | Other, Outside the U.S. and China [Member] | Taco Bell Global Division [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 1	$ 1	$ 1	$ 1

Revenue Recognition Accountin_5

Revenue Recognition Accounting Policy (Details 3) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total Revenues	$ 1,339	$ 1,391	$ 3,903	$ 4,130
Deferred Revenue	$ 418		418		$ 414
Deferred Revenue, Revenue Recognized			(47)
Deferred Revenue, Additions			$ 51

Revenue Recognition Accountin_6

Revenue Recognition Accounting Policy (Details 4) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 418		$ 418		$ 414
Revenues	1,339	$ 1,391	3,903	$ 4,130
1 year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	61		61
2 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	58		58
3 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	53		53
4 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	48		48
5 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	44		44
Thereafter 5 years [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Recognized	154		154
Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	364	499	1,056	1,523
Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	645	605	1,890	1,773
Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	330	287	957	834
UNITED STATES | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	238	288	690	840
UNITED STATES | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	245	237	726	687
UNITED STATES | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	187	170	557	487
China Division [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	73	68	211	202
Other, Outside the U.S. and China [Member] | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	126	211	366	683
Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	293	270	849	792
Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	143	117	400	347
Pizza Hut Global Division [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	241	229	730	713
Pizza Hut Global Division [Member] | UNITED STATES | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	5	6	15	31
Pizza Hut Global Division [Member] | UNITED STATES | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	63	65	197	197
Pizza Hut Global Division [Member] | UNITED STATES | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	71	62	223	187
Pizza Hut Global Division [Member] | China Division [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	16	16	46	47
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member] | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	8	7	20	24
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	61	60	181	183
Pizza Hut Global Division [Member] | Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	14	11	41	39
Taco Bell Global Division [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	489	513	1,414	1,459
Taco Bell Global Division [Member] | UNITED STATES | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	216	265	624	759
Taco Bell Global Division [Member] | UNITED STATES | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	142	131	410	371
Taco Bell Global Division [Member] | UNITED STATES | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	114	105	327	293
Taco Bell Global Division [Member] | China Division [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	0	0	0	0
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member] | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	0	0	2	2
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	6	6	19	17
Taco Bell Global Division [Member] | Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	1	1	1	1
KFC Global Division [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	609	649	1,759	1,958
KFC Global Division [Member] | UNITED STATES | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	17	17	51	50
KFC Global Division [Member] | UNITED STATES | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	40	41	119	119
KFC Global Division [Member] | UNITED STATES | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	2	3	7	7
KFC Global Division [Member] | China Division [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	57	52	165	155
KFC Global Division [Member] | Other, Outside the U.S. and China [Member] | Product [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	118	204	344	657
KFC Global Division [Member] | Other, Outside the U.S. and China [Member] | Franchise [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	226	204	649	592
KFC Global Division [Member] | Other, Outside the U.S. and China [Member] | Advertising [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenues	$ 128	$ 105	$ 358	$ 307

Reportable Operating Segments_2

Reportable Operating Segments (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Franchisor Costs		$ 43	$ 40	$ 124	$ 127
Operating Profit		480	553	1,384	1,555
Other investment (income) expense, net		59	(96)	50	(185)
Refranchising (gain) loss		(8)	(100)	(18)	(285)
Other (income) expense		1	(7)	(5)	(10)
Cooperative Advertising Expense		325	288	941	834
General and Administrative Expense		208	204	617	631
Cost of Goods and Services Sold		(292)	(399)	(850)	(1,258)
Other pension income (expense)		(1)	(4)	(4)	(10)
Interest Income (Expense), Net		(120)	(111)	(354)	(330)
Income Before Income Taxes		300	534	976	1,400
KFC Global Division [Member]
Segment Reporting Information [Line Items]
Operating Profit		270	248	767	704
Refranchising (gain) loss		(7)	(29)	(13)	(128)
Pizza Hut Global Division [Member]
Segment Reporting Information [Line Items]
Operating Profit		86	88	279	257
Refranchising (gain) loss		0	3	0	14
Taco Bell Global Division [Member]
Segment Reporting Information [Line Items]
Operating Profit		161	161	458	442
Refranchising (gain) loss		(1)	(74)	(5)	(171)
Unallocated [Member]
Segment Reporting Information [Line Items]
Franchisor Costs	[1]	2	2	5	4
Refranchising (gain) loss		(8)	(100)	(18)	(285)
Other (income) expense	[2]	(2)	(5)	(11)	(9)
General and Administrative Expense		41	38	122	122
Cost of Goods and Services Sold		$ 0	$ 1	$ 0	$ 2
[1]	Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.
[2]	Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses that we recorded in the second quarter of 2019. See Note 5.

Pension Benefits (Details)

Pension Benefits (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Payment for Pension Benefits				$ 13	$ 9
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost		$ 2	$ 5	6	16
UNITED STATES | General and Administrative Expense [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost		1	1	4	5
UNITED STATES | Other pension (income) expense [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost		10	9	30	27
Expected return on plan assets		(11)	(10)	(33)	(31)
Amortization of net loss		0	4	1	11
Amortization of prior service cost		2	1	4	4
Additional loss (gain) recognized due to settlements	[1]	1	0	3	0
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits		$ 0	$ 1	$ 0	$ 1
[1]	Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.

Short-term Borrowings and Lon_3

Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Short-term Borrowings and Long-term Debt [Line Items]
Capital lease obligations		$ 69		$ 69		$ 71
Long-term debt and capital less obligations, including current maturities and debt issuance costs		10,659		10,659		10,167
Less Debt Issuance Costs, Noncurrent, Net		(84)		(84)		(85)
Less current maturities of long-term debt		(84)		(84)		(331)
Other Short-term Borrowings		10		10		0
Short-term Debt, excluding debt issuance costs		94		94		331
Long-term debt		10,491		10,491		9,751
Short-term borrowings		84		84		321
Less current portion of debt issuance costs and discounts		(10)		(10)		(10)
Interest Income (Expense), Net		(120)	$ (111)	(354)	$ (330)
Interest Paid, Including Capitalized Interest, Operating and Investing Activities				$ 324	$ 300
Unsecured Debt [Member] | Senior Unsecured Notes Due January 2030 [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Proceeds from Issuance of Debt		$ 800
Debt Instrument, Interest Rate Terms		4.75%		4.75%
Debt Instrument, Frequency of Periodic Payment				semi-annually
Debt Issuance Costs, Gross		$ 10		$ 10
Unsecured Debt [Member] | Existing [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes		2,425		2,425		1,875
Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes	[1]	2,850		2,850		2,850
Secured Debt [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes		2,906		2,906		2,928
Secured Debt [Member] | Securitization Notes [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Senior Notes	[2]	2,906		2,906		2,928
Secured Debt [Member] | Term Loan A Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Long-term Debt	[1]	469		469		488
Secured Debt [Member] | Revolving Credit Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Repayments of Debt				250
Line of Credit Facility, Maximum Borrowing Capacity		1,000		1,000
Long-term Line of Credit		0		0
Secured Debt [Member] | Term Loan B Facility [Member]
Short-term Borrowings and Long-term Debt [Line Items]
Long-term Debt	[1]	$ 1,940		$ 1,940		$ 1,955
[1]	We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.
[2]	We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets.

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Other investment (income) expense, net		$ 59,000,000	$ (96,000,000)	$ 50,000,000	$ (185,000,000)
Secured Debt [Member] | Term Loan B Facility [Member]
Long-term Debt	[1]	1,940,000,000		1,940,000,000		$ 1,955,000,000
Cash Flow Hedging [Member]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		$ 7,000,000
Cash Flow Hedging [Member] | Forward-starting interest rate swap [Member]
Derivative, Maturity Date		Mar. 29, 2025
Derivative, Notional Amount		$ 1,500,000,000		1,500,000,000		1.5
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative, Maturity Date		Jul. 27, 2021
Derivative, Notional Amount		$ 1,550,000,000		1,550,000,000		1.55
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net		0
Intercompany receivables and payables [Domain] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative, Notional Amount		$ 26,000,000		$ 26,000,000		$ 456,000,000
Minimum [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative, Maturity Date		Nov. 25, 2019
Maximum [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative, Maturity Date		Dec. 23, 2019
[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 (Detai_2

Derivative Instruments (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Aug. 22, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ (5,000,000)	$ 16,000,000	$ (65,000,000)	$ 43,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(12,000,000)	(8,000,000)	(26,000,000)	(23,000,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	4,000,000	(2,000,000)	23,000,000	(5,000,000)
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	1,000,000	1,000,000	4,000,000	3,000,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	3,000,000	(3,000,000)	19,000,000	(8,000,000)
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,550,000,000		1,550,000,000			$ 1.55
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(18,000,000)	12,000,000	(88,000,000)	28,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(4,000,000)	(4,000,000)	(14,000,000)	(7,000,000)
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	13,000,000	4,000,000	23,000,000	15,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(8,000,000)	$ (4,000,000)	(12,000,000)	$ (16,000,000)
Cross Currency Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Cash Received on Hedge	3,000,000
Intercompany receivables and payables [Domain] | Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	26,000,000		$ 26,000,000			$ 456,000,000
Intercompany receivables and payables [Domain] | Cross Currency Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount					$ 430,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 4,000,000

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]	3,032	2,733
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]	2,425	1,875
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]	2,550	1,798
Secured Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent		2,906	2,928
Secured Debt [Member] | Securitization Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent	[2]	2,906	2,928
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]	3,071	2,967
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]	469	488
Secured Debt [Member] | Term Loan A Facility [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	474	479
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]	1,940	1,955
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]	1,949	1,915
Other Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI		158	214
Investments, Fair Value Disclosure		33	27
Other Assets [Member] | Interest Rate Swap [Member] | Fair Value, 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		2	29
Prepaid Expenses and Other Current Assets [Member] | Interest Rate Swap [Member] | Fair Value, 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		7	21
Prepaid Expenses and Other Current Assets [Member] | Foreign Exchange Forward [Member] | Fair Value, 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		1	5
Other Noncurrent Liabilities [Member] | Interest Rate Swap [Member] | Fair Value, 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		86	23
Other Noncurrent Liabilities [Member] | Foreign Exchange Forward [Member] | Fair Value, 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		$ 0	$ 24
[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) - Property Lease Guarantee [Member] $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
Guarantor Obligations [Line Items]
Year longest lease expires	2065
Guarantor Obligations, Maximum Exposure	$ 475
Guarantee Obligations Maximum Exposure At Present Value	$ 400

Uncategorized Items - yum-93020

Label	Element	Value
Balances with Adoption of Topic 842 [Member]
Retained Earnings (Accumulated Deficit)	us-gaap_RetainedEarningsAccumulatedDeficit	$ 2,000,000
Retained Earnings [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(2,000,000)
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (249,000,000)