Yum! Brands (YUM) 10-Q8 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2023	May 03, 2023
Cover [Abstract]
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	2023
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Entity File Number	1-13163
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		280,086,983

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Revenues
Total Revenues		$ 1,645	$ 1,547
Costs and Expenses, Net
Company restaurant expenses		403	402
General and Administrative Expense		282	253
Franchise and property expenses		36	32
Franchise advertising and other services expense		395	361
Refranchising (gain) loss		(4)	(4)
Other (income) expense		10	(6)
Total costs and expenses, net		1,122	1,038
Operating Profit		523	509
Investment (income) expense, net	[1]	24	(7)
Other pension (income) expense		(2)	0
Interest expense, net		130	118
Income Before Income Taxes		371	398
Income tax provision		71	(1)
Net Income		$ 300	$ 399
Basic Earnings Per Common Share		$ 1.07	$ 1.38
Diluted Earnings Per Common Share		1.05	1.36
Dividends Declared Per Common Share		$ 0.605	$ 0.57
Company Sales
Revenues
Revenues		$ 474	$ 470
Franchise and property revenues
Revenues
Revenues		770	714
Franchise contributions for advertising and other services
Revenues
Revenues		$ 401	$ 363

[1]Includes changes in the value of our investment in Devyani International Limited (see Note 12).

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Income	$ 300	$ 399
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature
Adjustments and gains (losses) arising during the period	8	(23)
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax	8	(23)
Tax (expense) benefit	0	0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax	8	(23)
Changes in pension and post-retirement benefits
Unrealized gains (losses) arising during period, before Tax	0	0
Reclassification of (gains) losses into Net Income	0	5
Changes in pension and post-retirement benefits, before Tax	0	5
Pension and post-retirement benefit plans, tax	(2)	(1)
Pension and post-retirement benefit plans, net of tax	(2)	4
Changes in derivative instruments
Unrealized gains (losses) arising during the period	(8)	57
Reclassification of (gains) losses into Net Income	(3)	12
Changes in derivative instruments	(11)	69
Changes in derivatives, Tax	3	(17)
Changes in derivatives, net of tax	(8)	52
Other comprehensive income (loss), net of tax	(2)	33
Comprehensive Income (Loss)	$ 298	$ 432

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Cash Flows - Operating Activities
Net Income		$ 300	$ 399
Depreciation and amortization		29	37
Refranchising (gain) loss		(4)	(4)
Investment (income) expense, net	[1]	24	(7)
Deferred income taxes		(4)	(77)
Share-based compensation expense		25	26
Changes in accounts and notes receivable		23	29
Changes in prepaid expenses and other current assets		(7)	(13)
Changes in accounts payable and other current liabilities		(101)	(176)
Changes in income taxes payable		28	29
Other, net		36	10
Net Cash Provided by Operating Activities		349	253
Cash Flows - Investing Activities
Capital spending		(62)	(42)
Proceeds from refranchising of restaurants		5	24
Other, net		1	(11)
Net Cash Used in Investing Activities		(56)	(29)
Cash Flows - Financing Activities
Repayments of long-term debt		(20)	(15)
Revolving credit facilities, three months or less, net		(85)	174
Repurchase shares of Common Stock		(50)	(343)
Dividends paid on Common Stock		(169)	(165)
Other, net		(10)	(28)
Net Cash Provided by (Used in) Financing Activities		(334)	(377)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		3	0
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		(38)	(153)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Beginning of Period		647	771
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - End of Period		$ 609	$ 618

[1]Includes changes in the value of our investment in Devyani International Limited (see Note 12).

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 349	$ 367
Accounts and notes receivable, net	622	648
Prepaid Expense and Other Assets, Current	575	594
Total Current Assets	1,546	1,609
Property, plant and equipment, net	1,162	1,171
Goodwill	639	638
Intangible assets, net	351	354
Other assets	1,299	1,324
Deferred Income Taxes	752	750
Total Assets	5,749	5,846
Current Liabilities
Accounts payable and other current liabilities	1,128	1,251
Income taxes payable	29	16
Short-term borrowings	398	398
Total Current Liabilities	1,555	1,665
Long-term debt	11,349	11,453
Other liabilities and deferred credits	1,619	1,604
Total Liabilities	14,523	14,722
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 285 shares issued in 2022 and 289 issued in 2021	0	0
Accumulated Deficit	(8,403)	(8,507)
Accumulated other comprehensive loss	(371)	(369)
Total Shareholders' Deficit	(8,774)	(8,876)
Total Liabilities and Shareholders' Deficit	$ 5,749	$ 5,846
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	750	750
Common Stock, Shares, Issued	280

CONDENSED STATEMENT OF SHAREHOL

CONDENSED STATEMENT OF SHAREHOLDERS EQUITY STATEMENT - USD ($) $ in Millions	Total	Issued Common Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss
Total Shareholders' Deficit	$ (8,373)	$ 0	$ (8,048)	$ (325)
Issued Common Stock, Shares		289,000,000
Net Income	399		399
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	(23)			(23)
Pension and post-retirement benefit plans, net of tax	4			4
Pension and post-retirement benefit plans, tax	1
Changes in derivatives, net of tax	52			52
Changes in derivatives, Tax	(17)
Comprehensive Income (Loss)	432
Dividends declared	(165)		(165)
Shares Repurchased		(3,359,000)
Repurchase of shares of Common Stock, value	(407)	$ (22)	(385)
Employee Stock Option and SARs Exercises, Value	(16)	(16)
Share-based compensation events	38	38
Total Shareholders' Deficit	(8,491)	$ 0	(8,199)	(292)
Issued Common Stock, Shares		286,000,000
Total Shareholders' Deficit	(8,876)	$ 0	(8,507)	(369)
Issued Common Stock, Shares		280,000,000
Net Income	300		300
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	8			8
Pension and post-retirement benefit plans, net of tax	(2)			(2)
Pension and post-retirement benefit plans, tax	2
Changes in derivatives, net of tax	(8)			(8)
Changes in derivatives, Tax	3
Comprehensive Income (Loss)	298
Dividends declared	(170)		(170)
Shares Repurchased		(387,000)
Repurchase of shares of Common Stock, value	(50)	$ (24)	(26)
Employee Stock Option and SARs Exercises, Shares		0
Employee Stock Option and SARs Exercises, Value	(10)	$ (10)
Share-based compensation events	34	34
Total Shareholders' Deficit	$ (8,774)	$ 0	$ (8,403)	$ (371)
Issued Common Stock, Shares		280,000,000

Financial Statement Presentatio

Financial Statement Presentation	3 Months Ended
Financial Statement Presentation	Mar. 31, 2023
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, 2022 (“2022 Form 10-K”). Yum! Brands, Inc. and its Subsidiaries (collectively referred to herein as the “Company,” “YUM,” “we,” “us” or “our”) franchise or operate a system of over 55,000 restaurants in more than 155 countries and territories. As of March 31, 2023, 98% of these restaurants were owned and operated by franchisees. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style and pizza categories, respectively. The Habit Burger Grill is a fast-casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. As of March 31, 2023, YUM consisted of four operating segments: • The KFC Division which includes our worldwide operations of the KFC concept • The Taco Bell Division which includes our worldwide operations of the Taco Bell concept • The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept • The Habit Burger Grill Division which includes our worldwide operations of the Habit Burger Grill concept YUM's fiscal year begins on January 1 and ends December 31 of each year, with each quarter comprised of three months. The majority of our U.S. subsidiaries and certain international subsidiaries operate on a weekly periodic calendar where the first three quarters of each fiscal year consist of 12 weeks and the fourth quarter consists of 16 weeks in fiscal years with 52 weeks and 17 weeks in fiscal years with 53 weeks. Our 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 2022 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 ended March 31, 2023. These reclassifications had no effect on previously reported Net Income. Russia Invasion of Ukraine In the first quarter of 2022, as a result of the Russian invasion of Ukraine, we suspended all investment and restaurant development in Russia. We also suspended all operations of our 70 company-owned KFC restaurants in Russia and began finalizing an agreement to suspend all Pizza Hut operations in Russia, in partnership with our master franchisee. Further, we pledged to redirect any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts. During the second quarter of 2022, we completed the transfer of ownership of the Pizza Hut Russia business to a local operator. In April 2023, we completed our exit from the Russian market by selling the KFC business in Russia to Smart Service Ltd., including all Russian company-owned KFC restaurants, operating system, and master franchise rights as well as the trademark for the Rostik’s brand. Under the sale and purchase agreement, the buyer has agreed to lead the process to rebrand KFC restaurants in Russia to Rostik's and to retain the Company's employees in Russia. The fair value of consideration received from

Earnings Per Common Share ("EPS

Earnings Per Common Share ("EPS")	3 Months Ended
Earnings Per Common Share ("EPS")	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share (EPS)	Earnings Per Common Share (“EPS”) Quarter ended 2023 2022 Net Income $ 300 $ 399 Weighted-average common shares outstanding (for basic calculation) 281 289 Effect of dilutive share-based employee compensation 4 5 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 285 294 Basic EPS $ 1.07 $ 1.38 Diluted EPS $ 1.05 $ 1.36 Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation (a) 1.5 1.2 (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	3 Months Ended
Shareholders' Deficit	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders' Deficit Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the quarters ended March 31, 2023 and 2022 as indicated below. All amounts exclude applicable transaction fees. Shares Repurchased Dollar Value of Shares Remaining Dollar Value of Shares that may be Repurchased Authorization Date 2023 2022 2023 2022 2023 May 2021 — 3,359 — 407 — September 2022 387 — 50 — 1,700 Total 387 3,359 (a) $ 50 $ 407 (a) $ 1,700 (a) 2022 amount includes the effect of $64 million in share repurchases (0.5 million shares) with trade dates on, or prior to, March 31, 2022, but cash settlement dates subsequent to March 31, 2022. In September 2022, our Board of Directors authorized share repurchases of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock through June 30, 2024. As of March 31, 2023, we have remaining capacity to repurchase up to $1.7 billion of Common Stock under the September 2022 authorization. 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 December 31, 2022, net of tax $ (290) $ (94) $ 15 $ (369) OCI, net of tax Gains (losses) arising during the period classified into AOCI, net of tax 8 (2) (6) — (Gains) losses reclassified from AOCI, net of tax — — (2) (2) 8 (2) (8) (2) Balance at March 31, 2023, net of tax $ (282) $ (96) $ 7 $ (371)

Other (Income) Expense

Other (Income) Expense	3 Months Ended
Other (Income) Expense	Mar. 31, 2023
Other Income and Expenses [Abstract]
Other (Income) Expense	Other (Income) Expense Quarter ended 3/31/2023 3/31/2022 Foreign exchange net (gain) loss $ 3 $ (4) Impairment and closure expense 1 — Other 6 (2) Other (income) expense $ 10 $ (6)

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	3 Months Ended
Supplemental Balance Sheet Information	Mar. 31, 2023
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 from 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. 3/31/2023 12/31/2022 Accounts and notes receivable, gross $ 661 $ 685 Allowance for doubtful accounts (39) (37) Accounts and notes receivable, net $ 622 $ 648 Property, Plant and Equipment, net 3/31/2023 12/31/2022 Property, plant and equipment, gross $ 2,465 $ 2,454 Accumulated depreciation and amortization (1,303) (1,283) Property, plant and equipment, net $ 1,162 $ 1,171 Assets held-for-sale totaled $186 million and $190 million as of March 31, 2023 and December 31, 2022, respectively, and are included in Prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets. Liabilities held-for-sale totaled $66 million and $65 million as of March 31, 2023 and December 31, 2022, respectively, and are included in Accounts payable and other current liabilities in our Condensed Consolidated Balance Sheets. KFC Russia assets held-for-sale accounted for $177 million including property, plant and equipment of $58 million, of the $186 million, while KFC Russia liabilities held-for-sale accounted for $62 million of the $66 million as of March 31, 2023. Other Assets 3/31/2023 12/31/2022 Operating lease right-of-use assets (a) $ 753 $ 742 Franchise incentives 178 172 Investment in Devyani International Limited (See Note 12) 93 116 Other 275 294 Other assets $ 1,299 $ 1,324 (a) Non-current operating lease liabilities of $744 million and $731 million as of March 31, 2023 and December 31, 2022, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets. Reconciliation of Cash and Cash Equivalents for Condensed Consolidated Statements of Cash Flows 3/31/2023 12/31/2022 Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets $ 349 $ 367 Restricted cash included in Prepaid expenses and other current assets (a) 206 220 Restricted cash and restricted cash equivalents included in Other assets (b) 34 35 Cash and restricted cash related to KFC Russia included in assets held-for-sale 20 25 Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows $ 609 $ 647 (a) Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments. (b) Primarily trust accounts related to our self-insurance program.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Quarter ended 2023 2022 Income tax (benefit) provision $ 71 $ (1) Effective tax rate 19.1 % (0.2) % In January 2022, the U.S. Treasury published new regulations impacting foreign tax credit utilization beginning in the Company’s 2022 tax year. These regulations made foreign taxes paid to certain countries no longer creditable in the U.S., which was expected to result in additional foreign tax credit carryforward utilization prospectively. As a result, we reversed a valuation allowance associated with existing foreign tax credit carryforwards. This valuation allowance reversal resulted in a one-time discrete tax benefit of $82 million in the quarter ended March 31, 2022. The U.S. Treasury published clarifying guidance in November 2022 which resulted in foreign taxes originally determined to be non-creditable under the January 2022 regulations to now be treated as creditable taxes. As such, the valuation allowance on foreign tax credit carryforwards that was released in the quarter ended March 31, 2022, was re-established in the quarter ended December 31, 2022.

Revenue Recognition Accounting

Revenue Recognition Accounting Policy	3 Months Ended
Revenue Recognition Accounting Policy	Mar. 31, 2023
Revenue Recognition and Deferred Revenue [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 3/31/2023 KFC Division Taco Bell Division Pizza Hut Division Habit Burger Grill Division Total U.S. Company sales $ 16 $ 229 $ 5 $ 130 $ 380 Franchise revenues 46 178 70 1 295 Property revenues 3 10 1 1 15 Franchise contributions for advertising and other services 8 140 78 — 226 China Franchise revenues 66 — 18 — 84 Other Company sales 94 — — — 94 Franchise revenues 284 13 66 — 363 Property revenues 13 — — — 13 Franchise contributions for advertising and other services 157 2 16 — 175 $ 687 $ 572 $ 254 $ 132 $ 1,645 Quarter ended 3/31/2022 KFC Division Taco Bell Division Pizza Hut Division Habit Burger Grill Division Total U.S. Company sales $ 15 $ 214 $ 5 $ 125 $ 359 Franchise revenues 45 157 64 1 267 Property revenues 3 11 1 — 15 Franchise contributions for advertising and other services 6 123 72 — 201 China Franchise revenues 61 — 16 — 77 Other Company sales 111 — — — 111 Franchise revenues 260 11 70 — 341 Property revenues 14 — — — 14 Franchise contributions for advertising and other services 145 1 16 — 162 $ 660 $ 517 $ 244 $ 126 $ 1,547 Contract Liabilities Our contract liabilities are comprised of unamortized upfront fees received from franchisees and are presented within Accounts payable and other current liabilities and Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets. A summary of significant changes to the contract liability balance during 2023 is presented below. Deferred Franchise Fees Balance at December 31, 2022 $ 434 Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period (24) Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period 24 Balance at March 31, 2023 $ 434 We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows: Less than 1 year $ 71 1 - 2 years 64 2 - 3 years 58 3 - 4 years 52 4 - 5 years 45 Thereafter 144 Total $ 434

Reportable Operating Segments

Reportable Operating Segments	3 Months Ended
Reportable Operating Segments	Mar. 31, 2023
Segment Reporting [Abstract]
Reportable Operating Segments	Reportable Operating Segments We identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments: Quarter ended Revenues 2023 2022 KFC Division $ 687 $ 660 Taco Bell Division 572 517 Pizza Hut Division 254 244 Habit Burger Grill Division 132 126 $ 1,645 $ 1,547 Quarter ended Operating Profit 2023 2022 KFC Division $ 305 $ 291 Taco Bell Division 204 185 Pizza Hut Division 104 102 Habit Burger Grill Division (5) (8) Corporate and unallocated G&A expenses (a) (84) (71) Unallocated Franchise and property expenses (a) (1) — Unallocated Refranchising gain (loss) 4 4 Unallocated Other income (expense) (a) (4) 6 Operating Profit $ 523 $ 509 Investment income (expense), net (b) (24) 7 Other pension income (expense) 2 — Interest expense, net (130) (118) Income before income taxes $ 371 $ 398 Our chief operating decision maker ( “ CODM ” ) does not consider the impact of Corporate and unallocated amounts when assessing Divisional segment performance. As such, we do not allocate such amounts to our Divisional segments for performance reporting purposes. (a) Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC for the entire quarter ended March 31, 2023, as well as for both Pizza Hut and KFC for the quarter ended March 31, 2022 (see Note 1), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million and net operating profit of $2 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the quarters ended March 31, 2023 and 2022, respectively. Also, included in Unallocated Other income (expense) for the quarter ended March 31, 2022, were $5 million in foreign exchange gains attributable to fluctuations in the value of the Russian Ruble. Additionally, we recorded charges of $1 million to Corporate and unallocated G&A expenses and $1 million to Unallocated Franchise and property expenses during the quarter ended March 31, 2023 for certain expenses related to the transfer of the business and other costs related to our exit from Russia. (b) Includes changes in the value of our investment in Devyani International Limited (see Note 12).

Pension Benefits

Pension Benefits	3 Months Ended
Pension Benefits	Mar. 31, 2023
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. Our two significant U.S. plans, including the Plan and a supplemental plan, were previously amended such that any salaried employee hired or rehired by YUM after September 30, 2001, is not eligible to participate in those plans. Additionally, these two plans in the U.S. are currently closed to new hourly participants. The components of net periodic benefit cost associated with our U.S. pension plans are as follows: Quarter ended 2023 2022 Service cost $ 1 $ 2 Interest cost 10 8 Expected return on plan assets (12) (12) Amortization of net loss — 3 Amortization of prior service cost — 1 Net periodic benefit cost $ (1) $ 2

Short-term Borrowings and Long-

Short-term Borrowings and Long-term Debt	3 Months Ended
Short-term Borrowings and Long-term Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Short-term Borrowings and Long-term Debt	Short-term Borrowings and Long-term Debt Short-term Borrowings 3/31/2023 12/31/2022 Current maturities of long-term debt $ 405 $ 405 Less current portion of debt issuance costs and discounts (7) (7) Short-term borrowings $ 398 $ 398 Long-term Debt Securitization Notes $ 3,763 $ 3,772 Subsidiary Senior Unsecured Notes 750 750 Revolving Facility 194 279 Term Loan A Facility 731 736 Term Loan B Facility 1,470 1,474 YUM Senior Unsecured Notes 4,875 4,875 Finance lease obligations 53 57 $ 11,836 $ 11,943 Less long-term portion of debt issuance costs and discounts (82) (85) Less current maturities of long-term debt (405) (405) Long-term debt $ 11,349 $ 11,453 Details of our Short-term borrowings and Long-term debt as of December 31, 2022 can be found within our 2022 Form 10-K. Cash paid for interest during the quarters ended March 31, 2023 and March 31, 2022, was $117 million and $90 million, respectively.

Derivative Instruments

Derivative Instruments	3 Months Ended
Derivative Instruments	Mar. 31, 2023
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. Our use of foreign currency contracts to manage foreign currency exchange rates associated with certain foreign currency denominated intercompany receivables and payables is currently not significant. 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 primarily under our Term Loan B Facility. At both March 31, 2023 and December 31, 2022, we had interest rate swaps expiring in March 2025 with notional amounts of $1.5 billion. These interest rate swaps have been designated cash flow hedges as the changes in the future cash flows of the swaps are expected to offset changes in expected future interest payments on the related variable-rate debt. There were no other interest rate swaps outstanding as of March 31, 2023 or December 31, 2022. Gains or losses on the interest rate swaps are reported as a component of AOCI and reclassified into Interest expense, net in our Condensed Consolidated Statements of Income in the same period or periods during which the related hedged interest payments affect earnings. Through March 31, 2023, the swaps were highly effective cash flow hedges. Gains and losses on these interest rate swaps recognized in OCI and reclassifications from AOCI into Net Income were as follows: Quarter ended Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income 2023 2022 2023 2022 Interest rate swaps $ (7) $ 59 $ (5) $ 11 Income tax benefit/(expense) 2 (14) 1 (3) As of March 31, 2023, 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 $24 million, based on current LIBOR interest rates. Total Return Swaps We have entered into total return swap derivative contracts, with the objective of reducing our exposure to market-driven changes in certain of the liabilities associated with compensation deferrals into our Executive Income Deferral (“EID”) plan. While these total return swaps represent economic hedges, we have not designated them as hedges for accounting purposes. As a result, the changes in the fair value of these derivatives are recognized immediately in earnings within General and administrative expenses in our Condensed Consolidated Statements of Income largely offsetting the changes in the associated EID liabilities. The fair value associated with the total return swaps as of both March 31, 2023 and December 31, 2022, was not significant. As a result of the use of derivative instruments, 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 March 31, 2023, all of the counterparties to our derivative instruments had investment grade ratings according to the three major ratings agencies. To date, all counterparties have performed in accordance with their contractual obligations. See Note 12 for the fair value of our derivative assets and liabilities.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
Fair Value Disclosures	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Disclosures As of March 31, 2023, the carrying values of cash and cash equivalents, restricted cash, short-term investments, accounts receivable, short-term borrowings and accounts payable and borrowings under our Revolving Facility approximated their fair values because of the short-term nature of these instruments. The fair value of our notes receivable, net of allowances, and lease guarantees, less reserves for expected losses, approximates their carrying value. The following table presents the carrying value and estimated fair value of the Company’s debt obligations: 3/31/2023 12/31/2022 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 3,763 $ 3,346 $ 3,772 $ 3,273 Subsidiary Senior Unsecured Notes (b) 750 741 750 731 Term Loan A Facility (b) 731 725 736 729 Term Loan B Facility (b) 1,470 1,468 1,474 1,459 YUM Senior Unsecured Notes (b) 4,875 4,644 4,875 4,473 (a) We estimated the fair value of the Securitization Notes using market quotes and calculations. 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 and other investments, all of which are required to be measured at fair value on a recurring basis (see Note 11 for discussion regarding derivative instruments). The following table presents fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall. Fair Value Condensed Consolidated Balance Sheet Level 3/31/2023 12/31/2022 Assets Investments Other assets 1 $ 95 $ 118 Investments Other assets 3 5 5 Interest Rate Swaps Prepaid expenses and other current assets 2 24 26 Interest Rate Swaps Other assets 2 6 16 The fair value of the Company’s 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. Investments primarily include our approximate 5% minority interest in Devyani International Limited (“Devyani”), a franchise entity that operates KFC and Pizza Hut restaurants in India, with a fair value of $93 million and $116 million at March 31, 2023 and December 31, 2022, respectively. For the quarter ended March 31, 2023, we recognized pre-tax investment losses of $23 million, related to changes in fair value of our investment in Devyani.

Guarantees

Guarantees	3 Months Ended
Guarantees	Mar. 31, 2023
Guarantees and Product Warranties [Abstract]
Guarantees, Commitments and Contingencies	Contingencies Internal Revenue Service Proposed Adjustment As a result of an audit by the Internal Revenue Service (“IRS”) for fiscal years 2013 through 2015, in August 2022, we received a Revenue Agent’s Report (“RAR”) from the IRS asserting an underpayment of tax of $2.1 billion plus $418 million in penalties for the 2014 fiscal year. Additionally, interest on the underpayment is estimated to be approximately $830 million through the first quarter of 2023. The proposed underpayment relates primarily to a series of reorganizations we undertook during that year in connection with the business realignment of our corporate and management reporting structure along brand lines. The IRS asserts that these transactions resulted in taxable distributions of approximately $6.0 billion. We disagree with the IRS’s position as asserted in the RAR and intend to contest that position vigorously. In September 2022, we filed a Protest with the IRS Examination Division disputing on multiple grounds the proposed underpayment of tax and penalties. We have received the IRS Examination Division’s Rebuttal to our Protest. We expect the case to be transmitted to the IRS Office of Appeals for independent review within the next several months. The Company does not expect resolution of this matter within twelve months and cannot predict with certainty the timing of such resolution. The Company believes that it is more likely than not the Company’s tax position will be sustained; therefore, no reserve is recorded with respect to this matter. An unfavorable resolution of this matter could have a material, adverse impact on our Condensed Consolidated Financial Statements in future periods. 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 March 31, 2023, the potential amount of undiscounted payments we could be required to make in the event of non-payment by the primary lessee was approximately $350 million. The present value of these potential payments discounted at our pre-tax cost of debt at March 31, 2023, was approximately $300 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, although such risk may not be reduced in the context of a bankruptcy or other similar restructuring of a large franchisee or group of franchisees. The liability recorded for our expected losses under such leases as of March 31, 2023, 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. India Regulatory Matter Yum! Restaurants India Private Limited (“YRIPL”), a YUM subsidiary that operates KFC and Pizza Hut restaurants in India, is the subject of a regulatory enforcement action in India (the “Action”). The Action alleges, among other things, that KFC International Holdings, Inc. and Pizza Hut International failed to satisfy certain conditions imposed by the Secretariat for Industrial Approval in 1993 and 1994 when those companies were granted permission for foreign investment and operation in India. The conditions at issue include an alleged minimum investment commitment and store build requirements as well as limitations on the remittance of fees outside of India. The Action originated with a complaint and show cause notice filed in 2009 against YRIPL by the Deputy Director of the Directorate of Enforcement (“DOE”) of the Indian Ministry of Finance following an income tax audit for the years 2002 and 2003. The matter was argued at various hearings in 2015, but no order was issued. Following a change in the incumbent official holding the position of Special Director of DOE (the “Special Director”), the matter resumed in 2018 and several additional hearings were conducted. On January 29, 2020, the Special Director issued an order imposing a penalty on YRIPL and certain former directors of approximately Indian Rupee 11 billion, or approximately $135 million. Of this amount, $130 million relates to the alleged failure to invest a total of $80 million in India within an initial seven-year period. We have been advised by external counsel that the order is flawed and have filed a writ petition with the Delhi High Court, which granted an interim stay of the penalty order on March 5, 2020. In November 2022, YRIPL was notified that an administrative tribunal bench had been constituted to hear an appeal by DOE of certain findings of the January 2020 order, including claims that certain charges had been wrongly dropped and that an insufficient amount of penalty had been imposed. A hearing with the administrative tribunal that had been scheduled for March has been rescheduled to August 3, 2023. The stay order remains in effect and the next hearing in the Delhi High Court is now scheduled for May 16, 2023. We deny liability and intend to continue vigorously defending this matter. We do not consider the risk of any significant loss arising from this order to be probable. Other Matters We are currently engaged in various other 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.

Earnings Per Common Share ("E_2

Earnings Per Common Share ("EPS") Earnings Per Common Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Quarter ended 2023 2022 Net Income $ 300 $ 399 Weighted-average common shares outstanding (for basic calculation) 281 289 Effect of dilutive share-based employee compensation 4 5 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 285 294 Basic EPS $ 1.07 $ 1.38 Diluted EPS $ 1.05 $ 1.36 Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation (a) 1.5 1.2 (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)	3 Months Ended
Shareholders' Deficit (Tables)	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Accelerated Share Repurchases	Shares Repurchased Dollar Value of Shares Remaining Dollar Value of Shares that may be Repurchased Authorization Date 2023 2022 2023 2022 2023 May 2021 — 3,359 — 407 — September 2022 387 — 50 — 1,700 Total 387 3,359 (a) $ 50 $ 407 (a) $ 1,700 (a) 2022 amount includes the effect of $64 million in share repurchases (0.5 million shares) with trade dates on, or prior to, March 31, 2022, but cash settlement dates subsequent to March 31, 2022.
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 December 31, 2022, net of tax $ (290) $ (94) $ 15 $ (369) OCI, net of tax Gains (losses) arising during the period classified into AOCI, net of tax 8 (2) (6) — (Gains) losses reclassified from AOCI, net of tax — — (2) (2) 8 (2) (8) (2) Balance at March 31, 2023, net of tax $ (282) $ (96) $ 7 $ (371)

Other Income and Expenses (Tabl

Other Income and Expenses (Tables)	3 Months Ended
Other Income and Expenses (Tables)	Mar. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other Operating Cost and Expense, by Component	Quarter ended 3/31/2023 3/31/2022 Foreign exchange net (gain) loss $ 3 $ (4) Impairment and closure expense 1 — Other 6 (2) Other (income) expense $ 10 $ (6)

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	3 Months Ended
Supplemental Balance Sheet Information (Tables)	Mar. 31, 2023
Supplemental Balance Sheet Information Disclosure [Abstract]
Accounts and Notes Receivable	3/31/2023 12/31/2022 Accounts and notes receivable, gross $ 661 $ 685 Allowance for doubtful accounts (39) (37) Accounts and notes receivable, net $ 622 $ 648
Property, Plant and Equipment	3/31/2023 12/31/2022 Property, plant and equipment, gross $ 2,465 $ 2,454 Accumulated depreciation and amortization (1,303) (1,283) Property, plant and equipment, net $ 1,162 $ 1,171
Schedule of Other Assets	Other Assets 3/31/2023 12/31/2022 Operating lease right-of-use assets (a) $ 753 $ 742 Franchise incentives 178 172 Investment in Devyani International Limited (See Note 12) 93 116 Other 275 294 Other assets $ 1,299 $ 1,324 (a) Non-current operating lease liabilities of $744 million and $731 million as of March 31, 2023 and December 31, 2022, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.
Schedule of Cash and Cash Equivalents [Table Text Block]	3/31/2023 12/31/2022 Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets $ 349 $ 367 Restricted cash included in Prepaid expenses and other current assets (a) 206 220 Restricted cash and restricted cash equivalents included in Other assets (b) 34 35 Cash and restricted cash related to KFC Russia included in assets held-for-sale 20 25 Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows $ 609 $ 647 (a) Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments. (b) Primarily trust accounts related to our self-insurance program.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax And Effective Tax Rate	Quarter ended 2023 2022 Income tax (benefit) provision $ 71 $ (1) Effective tax rate 19.1 % (0.2) %

Revenue Recognition Accountin_2

Revenue Recognition Accounting Policy (Tables)	3 Months Ended
Revenue Recognition Accounting Policy (Tables)	Mar. 31, 2023	Mar. 31, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Disaggregation of Revenue [Table Text Block]	Quarter ended 3/31/2023 KFC Division Taco Bell Division Pizza Hut Division Habit Burger Grill Division Total U.S. Company sales $ 16 $ 229 $ 5 $ 130 $ 380 Franchise revenues 46 178 70 1 295 Property revenues 3 10 1 1 15 Franchise contributions for advertising and other services 8 140 78 — 226 China Franchise revenues 66 — 18 — 84 Other Company sales 94 — — — 94 Franchise revenues 284 13 66 — 363 Property revenues 13 — — — 13 Franchise contributions for advertising and other services 157 2 16 — 175 $ 687 $ 572 $ 254 $ 132 $ 1,645	Quarter ended 3/31/2022 KFC Division Taco Bell Division Pizza Hut Division Habit Burger Grill Division Total U.S. Company sales $ 15 $ 214 $ 5 $ 125 $ 359 Franchise revenues 45 157 64 1 267 Property revenues 3 11 1 — 15 Franchise contributions for advertising and other services 6 123 72 — 201 China Franchise revenues 61 — 16 — 77 Other Company sales 111 — — — 111 Franchise revenues 260 11 70 — 341 Property revenues 14 — — — 14 Franchise contributions for advertising and other services 145 1 16 — 162 $ 660 $ 517 $ 244 $ 126 $ 1,547
Deferred Franchise Fees [Table Text Block]	Deferred Franchise Fees Balance at December 31, 2022 $ 434 Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period (24) Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period 24 Balance at March 31, 2023 $ 434
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 $ 71 1 - 2 years 64 2 - 3 years 58 3 - 4 years 52 4 - 5 years 45 Thereafter 144 Total $ 434

Reportable Operating Segments (

Reportable Operating Segments (Tables)	3 Months Ended
Reportable Operating Segments (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Reportable Operating Segments We identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments: Quarter ended Revenues 2023 2022 KFC Division $ 687 $ 660 Taco Bell Division 572 517 Pizza Hut Division 254 244 Habit Burger Grill Division 132 126 $ 1,645 $ 1,547 Quarter ended Operating Profit 2023 2022 KFC Division $ 305 $ 291 Taco Bell Division 204 185 Pizza Hut Division 104 102 Habit Burger Grill Division (5) (8) Corporate and unallocated G&A expenses (a) (84) (71) Unallocated Franchise and property expenses (a) (1) — Unallocated Refranchising gain (loss) 4 4 Unallocated Other income (expense) (a) (4) 6 Operating Profit $ 523 $ 509 Investment income (expense), net (b) (24) 7 Other pension income (expense) 2 — Interest expense, net (130) (118) Income before income taxes $ 371 $ 398 Our chief operating decision maker ( “ CODM ” ) does not consider the impact of Corporate and unallocated amounts when assessing Divisional segment performance. As such, we do not allocate such amounts to our Divisional segments for performance reporting purposes. (a) Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC for the entire quarter ended March 31, 2023, as well as for both Pizza Hut and KFC for the quarter ended March 31, 2022 (see Note 1), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million and net operating profit of $2 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the quarters ended March 31, 2023 and 2022, respectively. Also, included in Unallocated Other income (expense) for the quarter ended March 31, 2022, were $5 million in foreign exchange gains attributable to fluctuations in the value of the Russian Ruble. Additionally, we recorded charges of $1 million to Corporate and unallocated G&A expenses and $1 million to Unallocated Franchise and property expenses during the quarter ended March 31, 2023 for certain expenses related to the transfer of the business and other costs related to our exit from Russia. (b) Includes changes in the value of our investment in Devyani International Limited (see Note 12).

Pension Benefits (Tables)

Pension Benefits (Tables)	3 Months Ended
Pension Benefits (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost associated with our U.S. pension plans are as follows: Quarter ended 2023 2022 Service cost $ 1 $ 2 Interest cost 10 8 Expected return on plan assets (12) (12) Amortization of net loss — 3 Amortization of prior service cost — 1 Net periodic benefit cost $ (1) $ 2

Short-term Borrowings and Lon_2

Short-term Borrowings and Long-term Debt (Tables)	3 Months Ended
Short-term Borrowings and Long-term Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Short-term Borrowings and Long-term Debt	Short-term Borrowings 3/31/2023 12/31/2022 Current maturities of long-term debt $ 405 $ 405 Less current portion of debt issuance costs and discounts (7) (7) Short-term borrowings $ 398 $ 398 Long-term Debt Securitization Notes $ 3,763 $ 3,772 Subsidiary Senior Unsecured Notes 750 750 Revolving Facility 194 279 Term Loan A Facility 731 736 Term Loan B Facility 1,470 1,474 YUM Senior Unsecured Notes 4,875 4,875 Finance lease obligations 53 57 $ 11,836 $ 11,943 Less long-term portion of debt issuance costs and discounts (82) (85) Less current maturities of long-term debt (405) (405) Long-term debt $ 11,349 $ 11,453

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
Derivative Instruments (Tables)	Mar. 31, 2023
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 these interest rate swaps recognized in OCI and reclassifications from AOCI into Net Income were as follows: Quarter ended Gains/(Losses) Recognized in OCI (Gains)/Losses Reclassified from AOCI into Net Income 2023 2022 2023 2022 Interest rate swaps $ (7) $ 59 $ (5) $ 11 Income tax benefit/(expense) 2 (14) 1 (3)

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
Fair Value Disclosures (Tables)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis	The following table presents the carrying value and estimated fair value of the Company’s debt obligations: 3/31/2023 12/31/2022 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Securitization Notes (a) $ 3,763 $ 3,346 $ 3,772 $ 3,273 Subsidiary Senior Unsecured Notes (b) 750 741 750 731 Term Loan A Facility (b) 731 725 736 729 Term Loan B Facility (b) 1,470 1,468 1,474 1,459 YUM Senior Unsecured Notes (b) 4,875 4,644 4,875 4,473 (a) We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Fair Value Condensed Consolidated Balance Sheet Level 3/31/2023 12/31/2022 Assets Investments Other assets 1 $ 95 $ 118 Investments Other assets 3 5 5 Interest Rate Swaps Prepaid expenses and other current assets 2 24 26 Interest Rate Swaps Other assets 2 6 16

Financial Statement Presentat_2

Financial Statement Presentation (Details) $ in Millions	3 Months Ended
Financial Statement Presentation (Details) $ in Millions	Mar. 31, 2023 USD ($) Months restaurants countries_and_territiories operating_segments Rate	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Number of Stores \| restaurants	55,000
Number of Countries in which Entity Operates \| countries_and_territiories	155
Percent Of System Units Located Outside United States \| Rate	98%
Number of Reportable Segments \| operating_segments	4
Fiscal period months standard for each quarter \| Months	3
Prior Period Reclassification Adjustment	$ 0
Goodwill	639		$ 638
Cash and cash equivalents	349		$ 367
KFC Russia
Assets held-for-sale	177
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 62
RUSSIAN FEDERATION
Number of Stores with Suspended Operations \| restaurants	70
Translation Adjustment Functional to Reporting Currency, Increase (Decrease), Gross of Tax		$ 51
Net Assets		$ 166

Earnings Per Common Share ("E_3

Earnings Per Common Share ("EPS") (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Net Income		$ 300	$ 399
Weighted-average common shares outstanding (for basic calculation)		281	289
Effect of dilutive share-based employee compensation		4	5
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)		285	294
Basic EPS		$ 1.07	$ 1.38
Diluted EPS		$ 1.05	$ 1.36
Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation	[1]	1.5	1.2

[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 ($) $ in Millions	3 Months Ended
Shareholders' Deficit (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value	$ 50	$ 407
Stock Repurchase Program, Remaining Authorized Repurchase Amount	1,700
Number of shares repurchased with trade dates during the current reporting date but with settlement dates subsequent to the current reporting date		500,000
Value of share repurchases with trade dates during the current reporting date but with settlement dates subsequent to the current reporting date		$ 64
May 2021
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value		407
Stock Repurchase Program, Remaining Authorized Repurchase Amount	0
September 2022
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value	50	$ 0
Stock Repurchase Program, Authorized Amount	2,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 1,700
Issued Common Stock
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	387,000	3,359,000
Repurchase of shares of Common Stock, value	$ 24	$ 22
Issued Common Stock \| May 2021
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	0	3,359,000
Issued Common Stock \| September 2022
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased	387,000	0

Shareholders' Deficit (Details

Shareholders' Deficit (Details 2) - USD ($) $ in Millions	3 Months Ended
Shareholders' Deficit (Details 2) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	$ (369)
Gains (losses) arising during the year classified into AOCI, net of tax	0
(Gains) losses reclassified from AOCI, net of tax	(2)
Other comprehensive income (loss), net of tax	(2)	$ 33
Accumulated other comprehensive loss	(371)
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	(290)
Gains (losses) arising during the year classified into AOCI, net of tax	8
(Gains) losses reclassified from AOCI, net of tax	0
Other comprehensive income (loss), net of tax	8
Accumulated other comprehensive loss	(282)
Pension and Post-Retirement Benefits
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	(94)
Gains (losses) arising during the year classified into AOCI, net of tax	(2)
(Gains) losses reclassified from AOCI, net of tax	0
Other comprehensive income (loss), net of tax	(2)
Accumulated other comprehensive loss	(96)
Derivative Instruments
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	15
Gains (losses) arising during the year classified into AOCI, net of tax	(6)
(Gains) losses reclassified from AOCI, net of tax	(2)
Other comprehensive income (loss), net of tax	(8)
Accumulated other comprehensive loss	$ 7

Other (Income) Expense (Details

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended
Other (Income) Expense (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Other Income and Expenses [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ 3	$ (4)
Impairment and closure expense	1	0
Other income (expense) excluding foreign exchange gain (loss)	6	(2)
Other (income) expense	10	(6)
Gain (Loss) on Disposition of Assets	(4)	(4)
Income tax provision	$ 71	$ (1)

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) $ in Millions	Mar. 31, 2023 USD ($) days	Dec. 31, 2022 USD ($)
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	$ 661	$ 685
Allowance for doubtful accounts	(39)	(37)
Accounts and notes receivable, net	622	648
Prepaid Expenses and Other Current Assets [Member]
Assets held-for-sale	186	190
Accounts Payable and Accrued Liabilities
Disposal Group, Including Discontinued Operation, Liabilities, Current	66	$ 65
KFC Russia
Assets held-for-sale	177
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	58
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 62

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information (Details 2) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Property, plant and equipment, gross		$ 2,465	$ 2,454
Accumulated depreciation and amortization		(1,303)	(1,283)
Property, plant and equipment, net		1,162	1,171
Operating lease, right-of-use assets	[1]	753	742
Other assets		1,299	1,324
Other Assets, Miscellaneous, Noncurrent		275	294
Operating Lease, Liability, Noncurrent		744	731
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets		349	367
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		609	647	$ 618	$ 771
KFC Russia
Assets held-for-sale		177
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations		20	25
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| Devyani
Equity Securities, FV-NI		93	116
Prepaid Expenses and Other Current Assets [Member]
Assets held-for-sale		186	190
Restricted Cash and Cash Equivalents	[2]	206	220
Other Current Assets [Member]
Restricted Cash and Cash Equivalents	[3]	34	35
Franchise Incentive [Member]
Other assets		$ 178	$ 172

[1]Non-current operating lease liabilities of $744 million and $731 million as of March 31, 2023 and December 31, 2022, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.[2]Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments.[3]Primarily trust accounts related to our self-insurance program.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Income tax provision	$ (71)	$ 1
Effective tax rate	19.10%	(0.20%)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 82

Revenue Recognition Accountin_3

Revenue Recognition Accounting Policy (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues	$ 1,645	$ 1,547
Company Sales
Revenues	474	470
Franchise and property revenues
Revenues	770	714
Franchise contributions for advertising and other services
Revenues	401	363
UNITED STATES \| Company Sales
Revenues	380	359
UNITED STATES \| Franchise and property revenues
Revenues	295	267
UNITED STATES \| Property Revenues
Revenues	15	15
UNITED STATES \| Franchise contributions for advertising and other services
Revenues	226	201
CHINA \| Franchise and property revenues
Revenues	84	77
Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	94	111
Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	363	341
Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	13	14
Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	175	162
KFC Global Division [Member]
Revenues	687	660
KFC Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	16	15
KFC Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	46	45
KFC Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	3	3
KFC Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	8	6
KFC Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	66	61
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	94	111
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	284	260
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	13	14
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	157	145
Pizza Hut Global Division [Member]
Revenues	254	244
Pizza Hut Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	5	5
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	70	64
Pizza Hut Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	1	1
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	78	72
Pizza Hut Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	18	16
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	66	70
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	16	16
Taco Bell Global Division [Member]
Revenues	572	517
Taco Bell Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	229	214
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	178	157
Taco Bell Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	10	11
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	140	123
Taco Bell Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	13	11
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	2	1
Habit Division [Member]
Revenues	132	126
Habit Division [Member] \| UNITED STATES \| Company Sales
Revenues	130	125
Habit Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	1	1
Habit Division [Member] \| UNITED STATES \| Property Revenues
Revenues	1	0
Habit Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	0	0
Habit Division [Member] \| CHINA \| Franchise and property revenues
Revenues	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	$ 0	$ 0

Revenue Recognition Accountin_4

Revenue Recognition Accounting Policy (Details 2) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 434	$ 434
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(24)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	$ 24

Revenue Recognition Accountin_5

Revenue Recognition Accounting Policy (Details 3) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 434	$ 434
Less than 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	71
1 - 2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	64
2 - 3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	58
3 - 4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	52
4 - 5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	45
Thereafter
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	$ 144

Reportable Operating Segments_2

Reportable Operating Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenues		$ 1,645	$ 1,547
Operating Profit		523	509
General and Administrative Expense		282	253
Company restaurant expenses		403	402
Franchise and property expenses		36	32
Refranchising (gain) loss		(4)	(4)
Other (income) expense		(10)	6
Investment (income) expense, net	[1]	24	(7)
Other pension income (expense)		2	0
Interest Income (Expense), Net		(130)	(118)
Income Before Income Taxes		371	398
Russia, Rubles
Segment Reporting Information [Line Items]
Other Nonoperating Income (Expense)			5
KFC Global Division [Member]
Segment Reporting Information [Line Items]
Revenues		687	660
Operating Profit		305	291
Pizza Hut Global Division [Member]
Segment Reporting Information [Line Items]
Revenues		254	244
Operating Profit		104	102
Taco Bell Global Division [Member]
Segment Reporting Information [Line Items]
Revenues		572	517
Operating Profit		204	185
Habit Division [Member]
Segment Reporting Information [Line Items]
Revenues		132	126
Operating Profit		(5)	(8)
Unallocated [Member]
Segment Reporting Information [Line Items]
General and Administrative Expense	[2]	84	71
Franchise and property expenses	[2]	1	0
Refranchising (gain) loss		(4)	(4)
Other (income) expense	[2]	(4)	6
Unallocated [Member] \| RUSSIAN FEDERATION
Segment Reporting Information [Line Items]
General and Administrative Expense		1
Franchise and property expenses		1
Other (income) expense		$ 1
KFC Russia
Segment Reporting Information [Line Items]
Other Nonoperating Income (Expense)			$ 2

[1]Includes changes in the value of our investment in Devyani International Limited (see Note 12).[2]Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC for the entire quarter ended March 31, 2023, as well as for both Pizza Hut and KFC for the quarter ended March 31, 2022 (see Note 1), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million and net operating profit of $2 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the quarters ended March 31, 2023 and 2022, respectively. Also, included in Unallocated Other income (expense) for the quarter ended March 31, 2022, were $5 million in foreign exchange gains attributable to fluctuations in the value of the Russian Ruble. Additionally, we recorded charges of $1 million to Corporate and unallocated G&A expenses and $1 million to Unallocated Franchise and property expenses during the quarter ended March 31, 2023 for certain expenses related to the transfer of the business and other costs related to our exit from Russia.

Pension Benefits (Details)

Pension Benefits (Details) - USD ($) $ in Millions	3 Months Ended
Pension Benefits (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ (1)	$ 2
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	2
Interest cost	10	8
Expected return on plan assets	(12)	(12)
Amortization of net loss	0	3
Amortization of prior service cost	$ 0	$ 1

Short-term Borrowings and Lon_3

Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term Line of Credit	$ 194		$ 279
Finance Lease, Liability, Noncurrent	53		57
Long-term debt and capital less obligations, including current maturities and debt issuance costs	11,836		11,943
Less Debt Issuance Costs, Noncurrent, Net	(82)		(85)
Long-term debt	11,349		11,453
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	117	$ 90
Long-term Debt, Current Maturities	405		405
Less current portion of debt issuance costs and discounts	(7)		(7)
Short-term borrowings	398		398
Subsidiary Senior Unsecured Notes [Member] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Notes	750		750
Term Loan A Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt	731		736
Term Loan B Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt	1,470		1,474
YUM Senior Unsecured Notes [Member] [Domain] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Notes	$ 4,875		$ 4,875

Derivative Instruments (Details

Derivative Instruments (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (24)
Forward-starting interest rate swap [Member]
Derivative, Maturity Date	Mar. 01, 2025
Derivative, Notional Amount	$ 1,500	$ 1,500

Derivative Instruments (Detai_2

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended
Derivative Instruments (Details 2) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) arising during the period	$ (8)	$ 57
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	2	(14)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	1	(3)
Interest Rate Swap [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) arising during the period	(7)	59
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (5)	$ 11

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Millions		3 Months Ended
Fair Value Disclosures (Details) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment Owned, at Fair Value		$ 93	$ 116
Unrealized Gain (Loss) on Investments		$ 23
Devyani
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment, Ownership Percentage		5%
Secured Debt [Member] \| Securitization Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent		$ 3,763	3,772
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	[1]	3,346	3,273
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		731	736
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	[2]	725	729
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		1,470	1,474
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	[2]	1,468	1,459
Unsecured Debt [Member] \| Subsidiary Senior Unsecured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Noncurrent		750	750
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	[2]	741	731
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		4,875	4,875
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	[2]	4,644	4,473
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]
Investments, Fair Value Disclosure		95	118
Other Assets [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure		5	5
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 Asset, Subject to Master Netting Arrangement, before Offset		6	16
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 Asset, Subject to Master Netting Arrangement, before Offset		$ 24	$ 26

[1]We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.[2]We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility and Term Loan B Facility using market quotes and calculations based on market rates.

Contingencies (Details)

Contingencies (Details) $ in Millions	3 Months Ended
Contingencies (Details) $ in Millions	Mar. 31, 2023 USD ($)
Guarantor Obligations [Line Items]
Deferred Tax Liability Not Recognized, Events that Would Cause Temporary Difference to be Taxable, Undistributed Earnings of Foreign Subsidiaries	As a result of an audit by the Internal Revenue Service (“IRS”) for fiscal years 2013 through 2015, in August 2022, we received a Revenue Agent’s Report (“RAR”) from the IRS asserting an underpayment of tax of $2.1 billion plus $418 million in penalties for the 2014 fiscal year. Additionally, interest on the underpayment is estimated to be approximately $830 million through the first quarter of 2023. The proposed underpayment relates primarily to a series of reorganizations we undertook during that year in connection with the business realignment of our corporate and management reporting structure along brand lines. The IRS asserts that these transactions resulted in taxable distributions of approximately $6.0 billion.We disagree with the IRS’s position as asserted in the RAR and intend to contest that position vigorously. In September 2022, we filed a Protest with the IRS Examination Division disputing on multiple grounds the proposed underpayment of tax and penalties. We have received the IRS Examination Division’s Rebuttal to our Protest. We expect the case to be transmitted to the IRS Office of Appeals for independent review within the next several months.The Company does not expect resolution of this matter within twelve months and cannot predict with certainty the timing of such resolution. The Company believes that it is more likely than not the Company’s tax position will be sustained; therefore, no reserve is recorded with respect to this matter.An unfavorable resolution of this matter could have a material, adverse impact on our Condensed Consolidated Financial Statements in future periods.
Property Lease Guarantee [Member]
Guarantor Obligations [Line Items]
Year longest lease expires	2065
Guarantor Obligations, Maximum Exposure	$ 350
Guarantee Obligations Maximum Exposure At Present Value	$ 300

Contingencies (Details 2)

Contingencies (Details 2)	3 Months Ended
Contingencies (Details 2)	Mar. 31, 2023
Loss Contingencies [Line Items]
Deferred Tax Liability Not Recognized, Events that Would Cause Temporary Difference to be Taxable, Undistributed Earnings of Foreign Subsidiaries	As a result of an audit by the Internal Revenue Service (“IRS”) for fiscal years 2013 through 2015, in August 2022, we received a Revenue Agent’s Report (“RAR”) from the IRS asserting an underpayment of tax of $2.1 billion plus $418 million in penalties for the 2014 fiscal year. Additionally, interest on the underpayment is estimated to be approximately $830 million through the first quarter of 2023. The proposed underpayment relates primarily to a series of reorganizations we undertook during that year in connection with the business realignment of our corporate and management reporting structure along brand lines. The IRS asserts that these transactions resulted in taxable distributions of approximately $6.0 billion.We disagree with the IRS’s position as asserted in the RAR and intend to contest that position vigorously. In September 2022, we filed a Protest with the IRS Examination Division disputing on multiple grounds the proposed underpayment of tax and penalties. We have received the IRS Examination Division’s Rebuttal to our Protest. We expect the case to be transmitted to the IRS Office of Appeals for independent review within the next several months.The Company does not expect resolution of this matter within twelve months and cannot predict with certainty the timing of such resolution. The Company believes that it is more likely than not the Company’s tax position will be sustained; therefore, no reserve is recorded with respect to this matter.An unfavorable resolution of this matter could have a material, adverse impact on our Condensed Consolidated Financial Statements in future periods.
INDIA
Loss Contingencies [Line Items]
Litigation, Nature	On January 29, 2020, the Special Director issued an order imposing a penalty on YRIPL and certain former directors of approximately Indian Rupee 11 billion, or approximately $135 million. Of this amount, $130 million relates to the alleged failure to invest a total of $80 million in India within an initial seven-year period. We have been advised by external counsel that the order is flawed and have filed a writ petition with the Delhi High Court, which granted an interim stay of the penalty order on March 5, 2020. In November 2022, YRIPL was notified that an administrative tribunal bench had been constituted to hear an appeal by DOE of certain findings of the January 2020 order, including claims that certain charges had been wrongly dropped and that an insufficient amount of penalty had been imposed. A hearing with the administrative tribunal that had been scheduled for March has been rescheduled to August 3, 2023. The stay order remains in effect and the next hearing in the Delhi High Court is now scheduled for May 16, 2023. We deny liability and intend to continue vigorously defending this matter. We do not consider the risk of any significant loss arising from this order to be probable.