Yum China (YUMC) 10-Q10 May 192019 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, 2019	May 03, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Yum China Holdings, Inc.
Entity Central Index Key	0001673358
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Document Type	10-Q
Trading Symbol	YUMC
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Document Period End Date	Mar. 31, 2019
Entity Common Stock Shares Outstanding		378,250,599

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues
Total revenues		$ 2,304	$ 2,221
Costs and Expenses, Net
General and administrative expenses		114	114
Other operating costs and expenses		5	4
Closures and impairment expenses (income), net		11	(1)
Other income, net		(19)	(126)
Total costs and expenses, net		2,001	1,826
Operating Profit		303	395
Interest income, net	[1]	9	8
Investment gain	[1]	10
Income Before Income Taxes		322	403
Income tax provision		(93)	(107)
Net income – including noncontrolling interests		229	296
Net income – noncontrolling interests		7	8
Net Income – Yum China Holdings, Inc.		$ 222	$ 288
Weighted-average common shares outstanding (in millions):
Basic	[2]	379	386
Diluted		388	401
Basic Earnings Per Common Share		$ 0.59	$ 0.75
Diluted Earnings Per Common Share		0.57	0.72
Cash Dividends Declared Per Common Share		$ 0.12	$ 0.10
Company Sales [Member]
Revenues
Revenues		$ 2,089	$ 2,016
Franchise [Member]
Revenues
Revenues		39	40
Costs and Expenses, Net
Cost of goods and services sold		20	20
Transactions With Franchisees and Unconsolidated Affiliates [Member]
Revenues
Revenues		170	161
Costs and Expenses, Net
Cost of goods and services sold		167	160
Other Revenues [Member]
Revenues
Revenues		6	4
Company Restaurant Expenses [Member]
Costs and Expenses, Net
Food and paper		638	594
Payroll and employee benefits		466	442
Occupancy and other operating expenses		599	619
Cost of goods and services sold		$ 1,703	$ 1,655

[1]	Amounts have not been allocated to any segment for performance reporting purposes.
[2]	As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards on shares of common stock of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income - including noncontrolling interests	$ 229	$ 296
Other comprehensive income, net of tax of nil:
Foreign currency translation adjustments	59	90
Comprehensive income - including noncontrolling interests	288	386
Comprehensive income - noncontrolling interests	10	11
Comprehensive Income - Yum China Holdings, Inc.	$ 278	$ 375

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Cash Flows – Operating Activities
Net income - including noncontrolling interests		$ 229	$ 296
Depreciation and amortization		111	118
Amortization of operating lease right-of-use assets		83
Closures and impairment expenses (income)		11	(1)
Gain from re-measurement of equity interest upon acquisition	[1]		(98)
Investment gain	[2]	(10)
Equity income from investments in unconsolidated affiliates		(23)	(23)
Distributions of income received from unconsolidated affiliates		28	36
Deferred income taxes		6	23
Share-based compensation expense		6	6
Changes in accounts receivable		5	11
Changes in inventories		34	48
Changes in prepaid expenses and other current assets		(3)	(7)
Changes in accounts payable and other current liabilities		(39)	85
Changes in income taxes payable		24	63
Changes in non-current operating lease liabilities		(103)
Other, net		(15)	(6)
Net Cash Provided by Operating Activities		344	551
Cash Flows – Investing Activities
Capital spending		(110)	(111)
Purchases of short-term investments		(235)	(160)
Maturities of short-term investments		76	93
Acquisition of business, net of cash acquired			(88)
Other, net		2	(1)
Net Cash Used in Investing Activities		(267)	(267)
Cash Flows – Financing Activities
Repayment of short-term borrowings assumed from acquisition			(10)
Repurchase of shares of common stock		(68)
Cash dividends paid on common stock		(46)	(39)
Other, net		1	(2)
Net Cash Used in Financing Activities		(113)	(51)
Effect of Exchange Rates on Cash and Cash Equivalents		17	26
Net (Decrease) Increase in Cash and Cash Equivalents		(19)	259
Cash and Cash Equivalents - Beginning of Period		1,266	1,059
Cash and Cash Equivalents - End of Period		1,247	1,318
Supplemental Cash Flow Data
Cash paid for income tax		$ 53	$ 20

[1]	As a result of the acquisition of Wuxi KFC in the first quarter of 2018, as disclosed in Note 2, the Company recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.
[2]	Amounts have not been allocated to any segment for performance reporting purposes.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 1,247	$ 1,266	$ 1,318	$ 1,059
Short-term investments	284	122
Accounts receivable, net	77	80
Inventories, net	280	307
Prepaid expenses and other current assets	179	177
Total Current Assets	2,067	1,952
Property, plant and equipment, net	1,620	1,615
Operating lease right-of-use assets	2,016
Goodwill	273	266
Intangible assets, net	111	116
Deferred income taxes	104	89
Investments in unconsolidated affiliates	44	81
Other assets	527	491
Total Assets	6,762	4,610	$ 4,610
Current Liabilities
Accounts payable and other current liabilities	1,507	1,199
Income taxes payable	80	54
Total Current Liabilities	1,587	1,253
Non-current operating lease liabilities	1,869
Non-current finance lease liabilities	23	25
Other liabilities	220	355
Total Liabilities	3,699	1,633
Redeemable Noncontrolling Interest	1	1
Equity
Common stock, $0.01 par value; 1,000 million shares authorized; 394 million shares and 392 million shares issued at March 31, 2019 and December 31, 2018, respectively; 379 million shares and 379 million shares outstanding at March 31, 2019 and December 31, 2018, respectively	4	4
Treasury stock	(525)	(460)
Additional paid-in capital	2,408	2,402
Retained earnings	1,060	944
Accumulated other comprehensive income (loss)	39	(17)
Total Equity – Yum China Holdings, Inc.	2,986	2,873
Noncontrolling interests	76	103
Total Equity	3,062	2,976
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$ 6,762	$ 4,610

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	394,000,000	392,000,000
Common stock, shares outstanding	379,000,000	379,000,000

Description of the Business

Description of the Business	3 Months Ended
Description of the Business	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of the Business	Note 1 – Description of the Business Yum China Holdings, Inc. (“Yum China” and, together with its subsidiaries, the “Company,” “we,” “us” and “our”) was incorporated in Delaware on April 1, 2016. The Company separated from Yum! Brands, Inc. (“YUM” or the “Parent”) on October 31, 2016 (the “separation”), becoming an independent publicly traded company as a result of a pro rata distribution (the “distribution”) of all outstanding shares of Yum China common stock to shareholders of YUM. On October 31, 2016, YUM’s shareholders of record as of 5:00 p.m. Eastern Time on October 19, 2016 received one share of Yum China common stock for every one share of YUM common stock held as of the record date. Yum China’s common stock began trading “regular way” under the ticker symbol “YUMC” on the New York Stock Exchange on November 1, 2016. The Company owns, franchises or has an ownership in entities that own and operate restaurants under the KFC, Pizza Hut, East Dawning, Little Sheep, Taco Bell and COFFii & JOY concepts (collectively, the “Concepts”). In connection with the separation of the Company from YUM, Yum! Restaurants Asia Pte. Ltd., a wholly-owned indirect subsidiary of YUM, and Yum Restaurants Consulting (Shanghai) Company Limited (“YCCL”), a wholly-owned indirect subsidiary of Yum China, entered into a 50-year master license agreement with automatic renewals for additional consecutive renewal terms of 50 years each, subject only to YCCL being in “good standing” and unless YCCL gives notice of its intent not to renew, for the exclusive right to use and sub-license the use of intellectual property owned by YUM and its subsidiaries for the development and operation of the KFC, Pizza Hut and, subject to achieving certain agreed-upon milestones, Taco Bell brands and their related marks and other intellectual property rights for restaurant services in the People’s Republic of China (the “PRC” or “China”), excluding Hong Kong, Taiwan and Macau. In exchange, we pay a license fee to YUM equal to 3% of net system sales from both our Company and franchise restaurants. We own the intellectual property of East Dawning, Little Sheep, and COFFii & JOY and pay no license fee related to these Concepts. The Company also owns a controlling interest in the holding company of DAOJIA.com.cn (“Daojia”), an established online food delivery service provider in China. In addition, the Company started a new e-commerce business in 2017, offering a wide selection of products including electronics, home and kitchen accessories, and other general merchandise to customers directly through the Company’s e-commerce platform.

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Note 2 – Basis of Presentation Our preparation of the accompanying Condensed Consolidated Financial Statements in conformity with Generally Accepted Accounting Principles in the United States of America (“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. We have prepared the Condensed Consolidated Financial Statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The Condensed Consolidated Financial Statements include all normal and recurring adjustments considered necessary to present fairly our financial position as of March 31, 2019, and the results of our operations, comprehensive income and cash flows for the quarters ended March 31, 2019 and 2018. Our results of operations, comprehensive income and cash flows for these interim periods are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with the consolidated financial statements and notes thereto defined and included in the Company’s Annual Report on Form 10-K as filed with the SEC on February 27, 2019. Through the acquisition of Daojia in 2017, the Company also acquired a variable interest entity (“VIE”) and subsidiaries of the VIE effectively controlled by Daojia. There exists a parent-subsidiary relationship between Daojia and its VIE as a result of certain exclusive agreements that require Daojia to consolidate its VIE and subsidiaries of the VIE because Daojia is the primary beneficiary that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb substantially all of the profits and all of the expected losses of the VIE. During the first quarter of 2018, the Company completed the acquisition of an additional 36% equity interest in an unconsolidated affiliate that operates KFC stores in Wuxi, China (“Wuxi KFC”), for cash consideration of approximately $98 million, increasing the Company’s equity interest to 83%, allowing the Company to consolidate the entity. The acquisition was considered immaterial. We began consolidating Wuxi KFC upon the completion of acquisition. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) Upon the adoption of ASC 842, the Company recognized right-of-use assets and lease liabilities of approximately $2.0 billion and $2.2 billion, respectively, for operating leases of the land and/or building of our restaurants and office spaces based on the present value of lease payments over the lease term. In addition, an impairment charge of $60 million (net of related impact on deferred taxes and noncontrolling interests) on right-of-use assets arising from existing operating leases as of January 1, 2019 was recorded as an adjustment to retained earnings, as the additional impairment charge would have been recorded before adoption had the operating lease right-of-use assets been recognized at the time of impairment. The following table summarizes the effect on the Consolidated Balance Sheet as a result of adopting ASC 842. December 31, 2018 Effect of adoption January 1, 2019 ASSETS Current Assets Cash and cash equivalents $ 1,266 $ 1,266 Short-term investments 122 122 Accounts receivable, net 80 80 Inventories, net 307 307 Prepaid expenses and other current assets 177 (39 ) (a) 138 Total Current Assets 1,952 (39 ) 1,913 Property, plant and equipment, net 1,615 (1 ) 1,614 Operating lease right-of-use assets — 1,997 (b) 1,997 Goodwill 266 266 Intangible assets, net 116 (2 ) (c) 114 Deferred income taxes 89 19 (d) 108 Investments in unconsolidated affiliates 81 (1 ) 80 Other assets 491 (4 ) (c) 487 Total Assets $ 4,610 $ 1,969 $ 6,579 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY Current Liabilities Accounts payable and other current liabilities $ 1,199 $ 320 (e) $ 1,519 Income taxes payable 54 54 Total Current Liabilities 1,253 320 1,573 Non-current operating lease liabilities — 1,860 (f) 1,860 Non-current finance lease liabilities 25 — 25 Other liabilities 355 (148 ) (g) 207 Total Liabilities 1,633 2,032 3,665 Redeemable Noncontrolling Interest 1 1 Equity Common stock 4 4 Treasury stock (460 ) (460 ) Additional paid-in capital 2,402 2,402 Retained earnings 944 (60 ) (h) 884 Accumulated other comprehensive loss (17 ) (17 ) Total Equity – Yum China Holdings, Inc. 2,873 (60 ) 2,813 Noncontrolling interests 103 (3 ) (i) 100 Total Equity 2,976 (63 ) 2,913 Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 4,610 $ 1,969 $ 6,579 (a) Represents the current portion of prepaid rent reclassified to operating lease right-of-use assets. (b) Represents the net result of capitalization of operating lease payments and reclassification of prepaid rent, initial direct cost, deferred rent accrual and lease incentives, and offset by impairment of operating lease right-of-use assets that existed prior to the date of adoption. (c) Represents initial direct cost, favorable lease and non-current prepaid rent reclassified to operating lease right-of-use assets. (d) Represents the deferred tax impact related to impairment of operating lease right-of-use assets. (e) Represents recognition of the current portion of operating lease liabilities, offset by the reclassification of accrued rental payments and the current portion of deferred rent accrual to operating lease right-of-use assets. (f) Represents recognition of the non-current operating lease liabilities. (g) Represents reclassification of the non-current portion of deferred rent accrual and lease incentives to operating lease right-of-use assets. (h) Represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019, net of related impact on deferred taxes and noncontrolling interests, with a corresponding reduction to the carrying amount of operating lease right-of-use assets. The impairment charge was recorded for those restaurants under operating leases with full impairment on the long-lived assets before January 1, 2019, as the additional impairment charge would have been recorded before January 1, 2019 had the operating lease right-of-use assets been recognized at the time of impairment. (i) Represents impairment of operating lease right-of-use assets attributable to noncontrolling interests. In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Revenue from Contracts with Customers Certain prior period items in the Condensed Consolidated Financial Statements have been reclassified to conform to the current period’s presentation to facilitate comparison.

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Mar. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Note 3 – Revenue Recognition The Company’s revenues primarily include Company sales, Franchise fees and income and Revenues from transactions with franchisees and unconsolidated affiliates. Company Sales Revenues from Company-owned restaurants are recognized when a customer takes possession of the food and tenders payment, which is when our obligation to perform is satisfied. The Company presents sales net of sales-related taxes. We also offer our customers delivery through both our own mobile applications and third-party aggregators’ platforms. For delivery orders placed through our mobile applications, we use our dedicated riders, while for orders placed through third-party aggregators’ platforms, we use our dedicated riders, or, in limited cases, third-party aggregators’ delivery staff. With respect to delivery orders delivered by our dedicated riders, we control and determine the price for the delivery service and generally recognize revenue, including delivery fees, when a customer takes possession of the food. When orders are fulfilled by the delivery staff of third-party aggregators, who control and determine the price for the delivery service, we recognize revenue, excluding delivery fees, when control of the food is transferred to the third-party aggregators’ delivery staff. The payment terms with respect to these sales are short-term in nature. We recognize revenues from prepaid stored-value products, including gift cards and product vouchers, when they are redeemed by the customer. Prepaid gift cards sold at any given point generally expire over the next 36 months, and product vouchers generally expire over a period of up to 12 months. Our privilege membership program offers privilege members benefits, such as free delivery and discounts on coffee or breakfast items. The associated membership fees are recognized ratably over the membership period. Franchise Fees and Income Franchise fees and income primarily include upfront fees, such as initial fees and renewal fees, and continuing fees. We have determined that the services we provide in exchange for upfront fees and continuing fees are highly interrelated with the franchise right. We recognize upfront fees received from a franchisee as revenue over the term of the franchise agreement or the renewal agreement because the franchise rights are accounted for as rights to access our symbolic intellectual property in accordance with ASC 606. The franchise agreement term is generally 10 years for KFC and Pizza Hut, and five or 10 years for Little Sheep. Revenues from Transactions with Franchisees and Unconsolidated Affiliates Revenues from transactions with franchisees and unconsolidated affiliates consist primarily of sales of food and paper products, advertising services and other services provided to franchisees The Company centrally purchases substantially all food and paper products from suppliers for substantially all of our restaurants, including franchisees and unconsolidated affiliates, and then sells and delivers them to the restaurants. The performance obligation arising from such transactions is considered distinct from the franchise agreement as it is not highly dependent on the franchise agreement and the customer can benefit from the procurement service on its own. We consider ourselves the principal in this arrangement as we have the ability to control a promised good or service before transferring that good or service to the franchisees and unconsolidated affiliates. Revenue is recognized upon transfer of control over ordered items, generally upon delivery to the franchisees and unconsolidated affiliates. For advertising services, the Company often engages third parties to provide services and acts as a principal in the transaction based on our responsibilities of defining the nature of the services and administering and directing all marketing and advertising programs in accordance with the provisions of our franchise agreements. The Company collects advertising contributions, which are generally based on certain percentage of sales from substantially all of our restaurants, including franchisees and unconsolidated affiliates. Other services provided to franchisees and unconsolidated affiliates consist primarily of customer support and technology support services. Advertising services and other services provided are highly interrelated to franchise right, and are not considered individually distinct. We recognize revenue when the related sales occur. Loyalty Programs Each of the Company’s KFC and Pizza Hut reportable segments operates a loyalty program that allows registered members to earn points for each qualifying purchase. Points, which generally expire 18 months after being earned, may be redeemed for future purchases of KFC or Pizza Hut branded products or other products for free or at a discounted price. Points cannot be redeemed or exchanged for cash. The estimated value of points earned by the loyalty program members is recorded as a reduction of revenue at the time the points are earned, based on the percentage of points that are projected to be redeemed, with a corresponding deferred revenue liability included in Accounts payable and other current liabilities on the Condensed Consolidated Balance Sheets and subsequently recognized into revenue when the points are redeemed or expire. The Company estimates the value of the future redemption obligations based on the estimated value of the product for which points are expected to be redeemed and historical redemption patterns, including an estimate of the breakage for points that members will never redeem. The Company reviews its breakage estimates at least annually based upon the latest available information regarding redemption and expiration patterns. Disaggregation of Revenue The following table presents revenue disaggregated by types of arrangements and segments: Quarter Ended 3/31/2019 Revenues KFC Pizza Hut All Other Segments (a) Corporate and Unallocated (a) Combined Elimination Consolidated Company sales $ 1,539 $ 541 $ 9 $ — $ 2,089 $ — $ 2,089 Franchise fees and income 36 1 2 — 39 — 39 Revenues from transactions with franchisees and unconsolidated affiliates 17 1 7 145 170 — 170 Other revenues — — 14 1 15 (9 ) 6 Total revenues $ 1,592 $ 543 $ 32 $ 146 $ 2,313 $ (9 ) $ 2,304 Quarter Ended 3/31/2018 Revenues KFC Pizza Hut All Other Segments (a) Corporate and Unallocated (a) Combined Elimination Consolidated Company sales $ 1,444 $ 564 $ 8 $ — $ 2,016 $ — $ 2,016 Franchise fees and income 37 1 2 — 40 — 40 Revenues from transactions with franchisees and unconsolidated affiliates 17 — 7 137 161 — 161 Other revenues — — 4 1 5 (1 ) 4 Total revenues $ 1,498 $ 565 $ 21 $ 138 $ 2,222 $ (1 ) $ 2,221 (a) As COFFii & JOY and our e-commerce business became operating segments starting from the first quarter of 2019, revenue by segment information for prior quarters has been recast to align with the change in segment reporting. Additional details on our reportable segments are included in Note 13. Accounts Receivable Accounts receivable mainly consist of trade receivables and royalties from franchisees and unconsolidated affiliates, and are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts receivable on the Condensed Consolidated Balance Sheets. Our provision for uncollectible receivable balances is based upon pre-defined aging criteria or upon the occurrence of other events that indicate that we may not collect the balance due. Additionally, we monitor the financial condition of our franchisees and record provisions for estimated losses on receivables when we believe it probable that our franchisees will be unable to make their required payments. While we use the best information available in making our determination, the ultimate recovery of recorded receivables is also dependent upon future economic events and other conditions that may be beyond our control. Trade receivables that are ultimately deemed to be uncollectible, and for which collection efforts have been exhausted, are written off against the allowance for doubtful accounts. Costs to Obtain Contracts Costs to obtain contracts consist of upfront license fees that we paid to YUM prior to the separation in relation to initial fees or renewal fees we received from franchisees and unconsolidated affiliates, as well as license fees that are payable to YUM in relation to our deferred revenue of prepaid stored-value products and customer loyalty programs. They meet the requirements to be capitalized as they are incremental costs of obtaining contracts with customers and the Company expects to generate future economic benefits from such costs incurred. Such costs to obtain contracts are included in Other assets on the Condensed Consolidated Balance Sheets and are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the assets relate. Subsequent to the separation, we are no longer required to pay YUM initial or renewal fees that we receive from franchisees and unconsolidated affiliates. The Company did not incur any impairment losses related to costs to obtain contracts during any of the periods presented. Costs to obtain contracts were $10 million and $8 million at March 31, 2019 and December 31, 2018, respectively. Contract Liabilities Contract liabilities at March 31, 2019 and December 31, 2018 were as follows: Contract liabilities 3/31/2019 12/31/2018 - Deferred revenue related to prepaid stored-value products $ 80 $ 73 - Deferred revenue related to customer loyalty programs 22 17 - Deferred revenue related to upfront fees 39 37 Total $ 141 $ 127 Contract liabilities consist of deferred revenue related to prepaid stored-value products, customer loyalty programs and upfront fees. Deferred revenue related to prepaid stored-value products and customer loyalty programs is included in Accounts payable and other current liabilities on the Condensed Consolidated Balance Sheets. Deferred revenue related to upfront fees that we expect to recognize as revenue in the next 12 months is included in Accounts payable and other current liabilities, and the remaining balance is included in Other liabilities on the Condensed Consolidated Balance Sheets. Revenue recognized that was included in the contract liability balance at the beginning of each period amounted to $33 million and $19 million in the quarter ended March 31, 2019 and March 31, 2018, respectively. Changes in contract liability balances were not materially impacted by business acquisition, change in estimate of transaction price or any other factors during any of the periods presented. The Company has elected, as a practical expedient, not to disclose the value of remaining performance obligations associated with sales-based royalty promised to franchisees in exchange for franchise right and other related services . The remaining duration of the performance obligation is the remaining contractual term of each franchise agreement. We recognize continuing franchisee fees and revenues from advertising services and other services provided to franchisees and unconsolidated affiliates based on certain percentage of sales, as those sales occur.

Earnings Per Common Share ("EPS

Earnings Per Common Share ("EPS")	3 Months Ended
Earnings Per Common Share ("EPS")	Mar. 31, 2019
Earnings Per Share [Abstract]
Earning Per Common Share (EPS)	Note 4 – Earnings Per Common Share (“EPS”) The following table summarizes the components of basic and diluted EPS (in millions, except per share data): Quarter Ended 3/31/2019 3/31/2018 Net Income – Yum China Holdings, Inc. $ 222 $ 288 Weighted-average common shares outstanding (for basic calculation) (a) 379 386 Effect of dilutive share-based awards (a) 7 12 Effect of dilutive warrants (b) 2 3 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 388 401 Basic Earnings Per Common Share $ 0.59 $ 0.75 Diluted Earnings Per Common Share $ 0.57 $ 0.72 Share-based awards excluded from the diluted EPS computation (c) 2 1 (a) As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards on shares of common stock of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. (b) Pursuant to the investment agreements dated September 1, 2016, Yum China issued to strategic investors two tranches of warrants on January 9, 2017, with each tranche providing the right to purchase 8,200,405 shares of Yum China common stock, at an exercise price of $31.40 and $39.25 per share, respectively, subject to customary anti-dilution adjustments. The warrants may be exercised at any time through October 31, 2021. The outstanding warrants are included in the computation of diluted EPS, if there is dilutive effect when the average market price of Yum China common stock for the period exceeds the exercise price of the warrants. (c) These outstanding stock appreciation rights, restricted stock units and performance share units were not included in the computation of diluted EPS because to do so would have been antidilutive for the quarters presented.

Equity

Equity	3 Months Ended
Equity	Mar. 31, 2019
Stockholders Equity Note [Abstract]
Equity	Note 5 – Equity Changes in Equity and Redeemable Noncontrolling Interest Yum China Holdings, Inc. Accumulated Common Additional Other Redeemable Stock Paid-in Retained Comprehensive Treasury Stock Noncontrolling Total Noncontrolling Shares Amount Capital Earnings (Loss) Income Shares Amount Interests Equity Interest Balance at December 31, 2018 392 $ 4 $ 2,402 $ 944 $ (17 ) (13 ) $ (460 ) $ 103 $ 2,976 $ 1 Net Income 222 7 229 Foreign currency translation adjustments 56 3 59 Comprehensive income 288 Cash dividends declared ($0.12 per common share) (46 ) (46 ) Dividends declared (34 ) (34 ) Repurchase of shares of common stock (2 ) (65 ) (65 ) Exercise and vesting of share-based awards 2 — — — Share-based compensation 6 6 Cumulative effect of accounting change (60 ) (3 ) (63 ) Balance at March 31, 2019 394 $ 4 $ 2,408 $ 1,060 $ 39 (15 ) $ (525 ) $ 76 $ 3,062 $ 1 Share Repurchase Program On February 7, 2017, we announced that our Board of Directors authorized a $300 million share repurchase program. On October 4, 2017, the Board of Directors increased Yum China’s existing share repurchase authorization from $300 million to an aggregate of $550 million. On October 30, 2018, the Board of Directors further increased the share repurchase authorization to an aggregate of $1.4 billion. The Company repurchased 1.7 million shares of Yum China common stock at a total cost of $65 million during the quarter ended March 31, 2019. This includes approximately 46 thousand shares repurchased for $2 million with trade dates prior to March 31, 2019 but cash settlement dates subsequent to March 31, 2019. There were no shares repurchased during the quarter ended March 31, 2018. As of March 31, 2019, $895 million remained available for future share repurchases under the authorization.

Items Affecting Comparability o

Items Affecting Comparability of Net Income and Cash Flows	3 Months Ended
Items Affecting Comparability of Net Income and Cash Flows	Mar. 31, 2019
Items Affecting Comparability Of Net Income And Cash Flows [Abstract]
Items Affecting Comparability of Net Income and Cash Flows	Note 6 – Items Affecting Comparability of Net Income and Cash Flows Gain from Re-Measurement of Equity Interest Upon Acquisition In the first quarter of 2018, the Company completed the acquisition of Wuxi KFC. In connection with the acquisition, the Company also recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value using discounted cash flow valuation approach and incorporating assumptions and estimates that were not observable in the market. Key assumptions used in estimating future cash flows included projected revenue growth and operating expenses, which were based on internal projections, historical performance of stores and the business environment, as well as the selection of an appropriate discount rate based on weighted-average cost of capital and company-specific risk premium. The gain was not allocated to any segment for performance reporting purposes. Meituan Dianping (“Meituan”) Investment In the third quarter of 2018, the Company subscribed for 8.4 million, or less than 1%, of the ordinary shares of Meituan, an e-commerce platform for services in China, for a total consideration of approximately $74 million, when it launched its initial public offering on the Hong Kong Stock Exchange in September 2018. The Company accounted for the equity securities at fair value with subsequent fair value changes recorded in our Condensed Consolidated Statements of Income. The fair value of the investment in Meituan is determined based on the closing market price for the shares at the end of each reporting period. As of March 31, 2019, the fair value of the investment was $57 million. The unrealized gain of $10 million was included in Investment gain in our Condensed Consolidated Statements of Income during the quarter ended March 31, 2019. Incremental Restaurant-Level Impairment Upon Adoption of ASC 842 We performed an additional impairment evaluation of long-lived assets of restaurants as a result of adopting ASC 842 and recorded an incremental restaurant-level impairment charge of $12 million in the first quarter of 2019. See Note 11 for additional information. Transition Tax We completed the evaluation of the impact on our transition tax computation based on the final regulations that were released by the U.S. Treasury Department and the Internal Revenue Service (“IRS”) and became effective in the first quarter of 2019, and recorded an additional amount of $8 million for the transition tax accordingly. See Note 12 for additional information.

Other Income, Net

Other Income, Net	3 Months Ended
Other Income, Net	Mar. 31, 2019
Other Income And Expenses [Abstract]
Other Income, Net	Note 7 – Other Income, net Quarter Ended 3/31/2019 3/31/2018 Equity income from investments in unconsolidated affiliates $ 23 $ 23 Gain from re-measurement of equity interest upon acquisition (a) — 98 Foreign exchange impact and other (4 ) 5 Other income, net $ 19 $ 126 (a) As a result of the acquisition of Wuxi KFC in the first quarter of 2018, as disclosed in Note 2, the Company recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	3 Months Ended
Supplemental Balance Sheet Information	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Note 8 – Supplemental Balance Sheet Information Accounts Receivable, net 3/31/2019 12/31/2018 Accounts receivable, gross $ 79 $ 81 Allowance for doubtful accounts (2 ) (1 ) Accounts receivable, net $ 77 $ 80 Prepaid Expenses and Other Current Assets 3/31/2019 12/31/2018 Receivables from payment processors and aggregators $ 46 $ 49 Dividends receivable from unconsolidated affiliates 53 20 Prepaid rent — 42 Other prepaid expenses and current assets 80 66 Prepaid expenses and other current assets $ 179 $ 177 Property, Plant and Equipment 3/31/2019 12/31/2018 Buildings and improvements $ 2,209 $ 2,121 Finance leases, primarily buildings 26 26 Machinery, equipment and construction in progress 1,218 1,201 Property, plant and equipment, gross 3,453 3,348 Accumulated depreciation (1,833 ) (1,733 ) Property, plant and equipment, net $ 1,620 $ 1,615 Other Assets 3/31/2019 12/31/2018 VAT assets $ 249 $ 226 Land use right 141 138 Long-term deposits 67 64 Investment in equity securities 57 47 Costs to obtain contracts 10 8 Others 3 8 Other Assets $ 527 $ 491 Accounts Payable and Other Current Liabilities 3/31/2019 12/31/2018 Accounts payable $ 556 $ 619 Operating leases liabilities 364 — Accrued compensation and benefits 163 200 Contract liabilities 109 96 Accrued capital expenditures 106 137 Accrued marketing expenses 76 32 Other current liabilities 133 115 Accounts payable and other current liabilities $ 1,507 $ 1,199 Other Liabilities 3/31/2019 12/31/2018 Accrued income tax payable $ 80 $ 71 Deferred income tax liabilities 64 65 Contract liabilities 32 31 Deferred rent accrual — 144 Other non-current liabilities 44 44 Other liabilities $ 220 $ 355

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 9 – Goodwill and Intangible Assets The changes in the carrying amount of goodwill are as follows: Total Company KFC Pizza Hut All Other Segments Balance as of December 31, 2018 Goodwill, gross $ 648 $ 238 $ 19 $ 391 Accumulated impairment losses (a) (382 ) — — (382 ) Goodwill, net 266 238 19 9 Effect of currency translation adjustment 7 6 1 — Balance as of March 31, 2019 Goodwill, gross 655 244 20 391 Accumulated impairment losses (a) (382 ) — — (382 ) Goodwill, net $ 273 $ 244 $ 20 $ 9 ( a ) Accumulated impairment losses represent Little Sheep goodwill impairment. Intangible assets, net as of March 31, 2019 and December 31, 2018 are as follows: 3/31/2019 12/31/2018 Gross Carrying Amount (a) Accumulated Amortization Accumulated impairment losses Net Carrying Amount Gross Carrying Amount Accumulated Amortization Accumulated impairment losses Net Carrying Amount Definite-lived intangible assets Reacquired franchise rights $ 154 $ (108 ) $ — $ 46 $ 150 $ (100 ) $ — $ 50 Daojia platform 16 (3 ) (10 ) 3 16 (3 ) (10 ) 3 Customer-related assets 12 (8 ) (2 ) 2 12 (8 ) (2 ) 2 Others (b) 9 (3 ) — 6 17 (9 ) — 8 $ 191 $ (122 ) $ (12 ) $ 57 $ 195 $ (120 ) $ (12 ) $ 63 Indefinite-lived intangible assets Little Sheep trademark $ 54 $ — $ — $ 54 $ 53 $ — $ — $ 53 Total intangible assets $ 245 $ (122 ) $ (12 ) $ 111 $ 248 $ (120 ) $ (12 ) $ 116 ( a ) Changes in gross carrying amount include effect of currency translation adjustment. (b) Decrease in Others during the quarter ended March 31, 2019 is primarily due to the reclassification of favorable lease assets, with gross carrying amount of $7 million and accumulated amortization of $5 million, to right-of-use assets upon adoption of ASC 842. Amortization expense of definite-lived intangible assets was $6 million and $6 million for the quarters ended March 31, 2019 and 2018, respectively. As of March 31, 2019, expected amortization expense for the unamortized definite-lived intangible assets is approximately $11 million for the remainder of 2019, $13 million in 2020, $13 million in 2021, $13 million in 2022 and $3 million in 2023.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2019
Leases [Abstract]
Leases	Note 10 – Leases As of March 31, 2019, we operated more than 8,600 restaurants, leasing the underlying land and/or building. We generally enter into lease agreements with initial terms of 10 to 20 years. Most of our lease agreements contain termination options that permit us to terminate the lease agreement early if the restaurant’s unit contribution is negative for a specified period of time. We generally do not have renewal options for our leases. Such options are accounted for only when it is reasonably certain that we will exercise the options. The rent under the majority of our current restaurant lease agreements is generally payable in one of three ways: (i) fixed rent; (ii) the higher of a fixed base rent or a percentage of the restaurant’s sales revenue; or (iii) a percentage of the restaurant’s sales revenue. Most leases require us to pay common area maintenance fees for the leased property. In addition to restaurants leases, we also lease office spaces, logistics centers and equipment. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Prior to the adoption of ASC 842, operating leases were not recognized on the balance sheet of the Company, but rent expenses were recognized on a straight-line basis over the lease term. Upon adoption, right-of-use assets and lease liabilities are recognized upon lease commencement for operating leases based on the present value of lease payments over the lease term. This is consistent with the historical recognition of finance leases, which is unchanged upon adoption of ASC 842. Variable lease payments that do not depend on a rate or index are expensed as incurred. The Company has elected not to recognize right-of-use assets or lease liabilities for leases with an initial term of 12 months or less; we recognize lease expense for these leases on a straight-line basis over the lease term. In addition, the Company has elected not to separate non-lease components (e.g., common area maintenance fees) from the lease components. In limited cases, we sublease certain restaurants to franchisees in connection with refranchising transactions or lease our properties to other third parties. The lease payments under these leases are generally based on the higher of a fixed base rent or a percentage of restaurant’s annual sales revenue. Income from sublease agreements with franchisees or lease agreements with other third parties are included in Franchise fees and income and Other revenue, respectively, within our Condensed Consolidated Statements of Income. The impact of ASC 842 on our accounting as a lessor was not significant. Supplemental Balance Sheet 3/31/2019 Account Classification Assets Operating lease right-of-use assets $ 2,016 Operating lease right-of-use assets Finance lease right-of-use assets 14 Property, plant and equipment, net Total leased assets $ 2,030 Liabilities Current Operating lease liabilities $ 364 Accounts payable and other current liabilities Finance lease liabilities 2 Accounts payable and other current liabilities Non-current Operating lease liabilities 1,869 Non-current operating lease liabilities Finance lease liabilities 23 Non-current finance lease liabilities Total lease liabilities $ 2,258 Summary of Lease Cost Quarter Ended Account Classification 3/31/2019 Operating lease cost $ 117 Occupancy and other operating expenses, G&A or Franchise expenses Variable lease cost 91 Occupancy and other operating expenses or Franchise expenses Short-term lease cost 3 Occupancy and other operating expenses or G&A Sublease income (7 ) Franchise fees and income or Other revenues Total lease cost $ 204 Finance lease cost for the quarter ended March 31, 2019 is not material. Supplemental Cash Flow Information Quarter Ended 3/31/2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 127 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 57 Cash paid related to finance leases and right-of-use assets obtained in exchange for new finance lease liabilities for the quarter ended March 31, 2019 is not material. Quarter Ended Lease Term and Discount Rate 3/31/2019 Weighted-average remaining lease term (years) Operating leases 7.3 Finance leases 12.0 Weighted-average discount rate Operating leases 6.1 % Finance leases 5.7 % Summary of Future Lease Payments and Lease Liabilities Maturities of lease liabilities as of March 31, 2019 were as follows: Amount of Operating Leases Amount of Finance Leases Total Remainder of 2019 $ 372 $ 2 $ 374 2020 460 3 463 2021 413 3 416 2022 353 3 356 2023 287 3 290 Thereafter 903 21 924 Total undiscounted lease payment 2,788 35 2,823 Less: imputed interest (a) 555 10 565 Present value of lease liabilities $ 2,233 $ 25 $ 2,258 (a) As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the imputed interest and present value of lease payments. We used the incremental borrowing rate on January 1, 2019, for operating leases that commenced prior to that date. As of March 31, 2019, we have additional lease agreements that have been signed but not yet commenced of $87 million. These leases will commence between the second quarter of 2019 and 2020 with lease term of 1 year to 20 years. Future minimum lease payments under non-cancellable leases as of December 31, 2018 were as follows: Commitments Amount of Operating Leases Amount of Finance Leases Total 2019 $ 466 $ 3 $ 469 2020 440 3 443 2021 394 3 397 2022 336 3 339 2023 275 3 278 Thereafter 864 22 886 $ 2,775 $ 37 $ 2,812 At December 31, 2018, the present value of minimum payments under finance leases was $27 million, after deducting imputed interest of $10 million. The current portion of finance lease obligations was $2 million as of December 31, 2018, and was classified in Accounts payable and other current liabilities.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 11 – Fair Value Measurements The Company’s financial assets and liabilities primarily consist of cash and cash equivalents, short-term investments, accounts receivable and accounts payable, and the carrying values of these assets and liabilities approximate their fair value in general. The Company accounts for its investment in the equity securities of Meituan at fair value, which is determined based on the closing market price for the shares at the end of each reporting period, with subsequent fair value changes recorded in our Condensed Consolidated Statements of Income. The following table is a summary of our financial assets measured on a recurring basis or disclosed at fair value and the level within the fair value hierarchy in which the measurement falls. The Company classifies its cash equivalents, short-term investments and investment in equity securities within Level 1 or Level 2 in the fair value hierarchy because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value, respectively. No transfers among the levels within the fair value hierarchy occurred during the quarter ended March 31, 2019. Fair Value Measurement or Disclosure at March 31, 2019 Balance at March 31, 2019 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 720 $ — $ 720 $ — Money market funds 129 129 Fixed rate debt securities (a) 89 89 Total cash equivalents 938 218 720 — Short-term investments: Time deposits 284 284 Total short-term investments 284 — 284 — Other assets: Investment in equity securities 57 57 Total $ 1,279 $ 275 $ 1,004 $ — Fair Value Measurement or Disclosure at December 31, 2018 Balance at December 31, 2018 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 570 $ — $ 570 $ — Money market funds 226 226 Fixed rate debt securities (a) 153 153 Total cash equivalents 949 379 570 — Short-term investments: Time deposits 122 122 Total short-term investments 122 — 122 — Other assets: Investment in equity securities 47 47 Total $ 1,118 $ 426 $ 692 $ — (a) Classified as held-to-maturity investments and measured at amortized cost. Non-Recurring Fair Value Measurements In addition, certain of the Company’s assets, such as operating lease right-of-use (“ROU”) assets, property, plant and equipment, goodwill and intangible assets, are measured at fair value on a non-recurring basis, if determined to be impaired. The following table presents amounts recognized from all non-recurring fair value measurements during the quarter ended March 31, 2019. All fair value measurements were based on unobservable inputs (Level 3). These amounts exclude fair value measurements made for restaurants that were subsequently closed or refranchised prior to those respective quarter-end dates. Amount Account Classification ROU impairment prior to the adoption of ASC 842 (a) $ 82 Retained Earnings Incremental restaurant-level impairment upon adoption of ASC 842 (b) 12 Closure and impairment expenses, net Total 94 (a) ROU impairment prior to the adoption of ASC 842 represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019. After netting with related impact on deferred taxes of $19 million and the impact on noncontrolling interests of $3 million, we recorded a cumulative adjustment of $60 million to retained earnings in accordance with the transition guidance for the new lease standard. For those restaurants under operating leases with full impairment on their long-lived assets (primarily property, plant and equipment) before January 1, 2019, an additional impairment charge would have been recorded before January 1, 2019 had the operating lease right-of-use assets been recognized at the time of impairment. The fair value measurements used in these impairment evaluations were based on discounted cash flow estimates using unobservable inputs (Level 3) at the time of impairment. (b) Incremental restaurant-level impairment upon adoption of ASC 842 During the quarter ended March 31, 2018, we recorded restaurant-level impairment (Level 3) of nil.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 – Income Taxes Quarter Ended 3/31/2019 3/31/2018 Income tax provision $ 93 $ 107 Effective tax rate 28.9 % 26.6 % The higher effective tax rate for the quarter ended March 31, 2019 was primarily due to an adjustment of transition tax based on the final regulations that were released by the U.S. Treasury Department and the IRS and became effective in the first quarter of 2019. In December 2017, the U.S. enacted the Tax Act , which included a broad range of tax reforms, including, but not limited , the elimination or reduction of certain business deductions and the imposition of tax on deemed repatriation of accumulated undistributed foreign earnings. The Tax Act impacted Yum China in two material aspects: (1) in general, all of the foreign-source dividends received by Yum China from its foreign subsidiaries will be exempted from taxation starting from the tax year beginning after December 31, 2017 and (2) Yum China recorded additional income tax expense in the fourth quarter of 2017, including an estimated one-time transition tax on its deemed repatriation of accumulated undistributed foreign earnings and additional tax related to revaluation of certain deferred tax assets. We completed our analysis of the Tax Act in the fourth quarter of 2018 according to guidance released by the U.S. Treasury Department and the IRS as of December 2018 and made a reversal to provisional amount in the amount of $36 million for the transition tax recorded in 2017 accordingly. The U.S. Treasury Department and the IRS released the final transition tax regulations on January 15, 2019, which were published in the Federal Register and became effective on February 5, 2019. We completed the evaluation of the impact on our transition tax computation based on the final regulations released in the first quarter of 2019 and recorded an additional amount of $8 million for the transition tax accordingly. The Tax Act requires a U.S. shareholder to be subject to tax on Global Intangible Low Taxed Income (“GILTI”) earned by certain foreign subsidiaries. We have elected the option to account for current year GILTI tax as a period cost as incurred, and therefore included it in estimating the annual effective tax rate.

Segment Reporting

Segment Reporting	3 Months Ended
Segment Reporting	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Note 13 –Segment Reporting We have two reportable segments: KFC and Pizza Hut. Starting from the first quarter of 2019, our newly developed COFFii & JOY concept and e-commerce business became operating segments, as their financial results started being regularly reviewed by the Company’s chief operating decision maker. Accordingly, our six non-reportable operating segments, including the operations of East Dawning, Little Sheep, Taco Bell, Daojia, COFFii & JOY and our e-commerce business, are combined and referred to as All Other Segments, as those operating segments are insignificant both individually and in the aggregate. Segment financial information for prior quarters has been recast to align with this change in segment reporting. There was no impact on the consolidated financial statements of the Company as a result of this change. Quarter Ended 3/31/2019 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,592 $ 543 $ 23 $ 146 2,304 $ — $ 2,304 Inter-segment revenue — — 9 — 9 (9 ) — Total $ 1,592 $ 543 $ 32 $ 146 $ 2,313 $ (9 ) $ 2,304 Quarter Ended 3/31/2018 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,498 $ 565 $ 20 $ 138 2,221 $ — $ 2,221 Inter-segment revenue — — 1 — 1 (1 ) — Total $ 1,498 $ 565 $ 21 $ 138 $ 2,222 $ (1 ) $ 2,221 Quarter Ended Operating Profit 3/31/2019 3/31/2018 KFC (b) $ 288 $ 296 Pizza Hut 50 34 All Other Segments (5 ) (4 ) Unallocated revenues from transactions with franchisees and unconsolidated affiliates (c) 145 137 Unallocated Other revenues 1 1 Unallocated expenses from transactions with franchisees and unconsolidated affiliates (c) (143 ) (137 ) Unallocated Other operating costs and expenses (1 ) (1 ) Unallocated and corporate G&A expenses (33 ) (33 ) Unallocated Other income (d) 1 102 Operating Profit $ 303 $ 395 Interest income, net (a) 9 8 Investment gain (a) 10 — Income Before Income Taxes $ 322 $ 403 Quarter Ended Impairment Charges 3/31/2019 3/31/2018 KFC (e) $ 8 $ 1 Pizza Hut (e) 5 1 All Other Segments 1 $ — $ 14 $ 2 Total Assets 3/31/2019 12/31/2018 KFC (f) $ 3,082 $ 1,745 Pizza Hut 1,073 558 All Other Segments 161 132 Corporate and Unallocated (g) 2,446 2,175 $ 6,762 $ 4,610 (a) Amounts have not been allocated to any segment for performance reporting purposes. (b) Includes equity income from investments in unconsolidated affiliates of $23 million and $23 million for the quarters ended March 31, 2019 and 2018, respectively. (c) Primarily includes revenues and associated expenses of transactions with franchisee and unconsolidated affiliates derived from the Company’s central procurement model whereby the Company centrally purchases substantially all food and paper products from suppliers and then sells and delivers to restaurants, including franchisees and unconsolidated affiliates. Amounts have not been allocated to any segment for purposes of making operating decisions or assessing financial performance as the transactions are deemed corporate revenues and expenses in nature. ( d ) Primarily includes gain from re-measurement of the previously held equity interest in connection with the acquisition of Wuxi KFC (See Note 2). (e) Primarily includes store closure impairment charges as well as incremental restaurant-level impairment charges as a result of adopting ASC 842 (See Note 11). ( f ) Includes investments in unconsolidated affiliates. ( g ) Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, and inventories that are centrally managed.

Contingencies

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Contingencies	Note 14 – Contingencies Indemnification of China Tax on Indirect Transfers of Assets In February 2015, the Chinese State Administration of Taxation (“SAT”) issued Bulletin 7 on Income arising from Indirect Transfers of Assets by Non-Resident Enterprises. Pursuant to Bulletin 7, an “indirect transfer” of Chinese taxable assets, including equity interests in a Chinese resident enterprise, by a non-resident enterprise, may be recharacterized and treated as a direct transfer of Chinese taxable assets, if such arrangement does not have reasonable commercial purpose and the transferor has avoided payment of Chinese enterprise income tax. As a result, gains derived from such an indirect transfer may be subject to Chinese enterprise income tax at a rate of 10%. YUM concluded and we concurred that it is more likely than not that YUM will not be subject to this tax with respect to the distribution. However, there are significant uncertainties regarding what constitutes a reasonable commercial purpose, how the safe harbor provisions for group restructurings are to be interpreted and how the taxing authorities will ultimately view the distribution. As a result, YUM’s position could be challenged by Chinese tax authorities resulting in a 10% tax assessed on the difference between the fair market value and the tax basis of the separated China business. As YUM’s tax basis in the China business is minimal, the amount of such tax could be significant. Any tax liability arising from the application of Bulletin 7 to the distribution is expected to be settled in accordance with the tax matters agreement between the Company and YUM. Pursuant to the tax matters agreement, to the extent any Chinese indirect transfer tax pursuant to Bulletin 7 is imposed, such tax and related losses will be allocated between YUM and the Company in proportion to their respective share of the combined market capitalization of YUM and the Company during the 30 trading days after the separation. Such a settlement could be significant and have a material adverse effect on our results of operations and our financial condition. At the inception of the tax indemnity being provided to YUM, the fair value of the non-contingent obligation to stand ready to perform was insignificant and the liability for the contingent obligation to make payment was not probable or estimable. Guarantees From time to time we have guaranteed certain lines of credit and loans of franchisees and unconsolidated affiliates. As of March 31, 2019, we have provided guarantees of approximately $1 million on behalf of franchisees and no guarantees were outstanding for unconsolidated affiliates. Legal Proceedings From time to time, the Company is subject to various lawsuits covering a variety of allegations. The Company believes that the ultimate liability, if any, in excess of amounts already provided for these matters in the Condensed Consolidated Financial Statements, is not likely to have a material adverse effect on the Company’s results of operations, financial condition or cash flows. Matters faced by the Company from time to time include, but are not limited to, claims from landlords, employees, customers and others related to operational, contractual or employment issues.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 15 – Subsequent Events On April 29, 2019, the Company announced that the Board of Directors declared a cash dividend of $0.12 per share, payable as of the close of business on June 17, 2019 to stockholders of record as of the close of business on May 28, 2019. The total estimated cash dividend payable is approximately $46 million.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Note 2 – Basis of Presentation Our preparation of the accompanying Condensed Consolidated Financial Statements in conformity with Generally Accepted Accounting Principles in the United States of America (“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. We have prepared the Condensed Consolidated Financial Statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The Condensed Consolidated Financial Statements include all normal and recurring adjustments considered necessary to present fairly our financial position as of March 31, 2019, and the results of our operations, comprehensive income and cash flows for the quarters ended March 31, 2019 and 2018. Our results of operations, comprehensive income and cash flows for these interim periods are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with the consolidated financial statements and notes thereto defined and included in the Company’s Annual Report on Form 10-K as filed with the SEC on February 27, 2019. Through the acquisition of Daojia in 2017, the Company also acquired a variable interest entity (“VIE”) and subsidiaries of the VIE effectively controlled by Daojia. There exists a parent-subsidiary relationship between Daojia and its VIE as a result of certain exclusive agreements that require Daojia to consolidate its VIE and subsidiaries of the VIE because Daojia is the primary beneficiary that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb substantially all of the profits and all of the expected losses of the VIE. During the first quarter of 2018, the Company completed the acquisition of an additional 36% equity interest in an unconsolidated affiliate that operates KFC stores in Wuxi, China (“Wuxi KFC”), for cash consideration of approximately $98 million, increasing the Company’s equity interest to 83%, allowing the Company to consolidate the entity. The acquisition was considered immaterial. We began consolidating Wuxi KFC upon the completion of acquisition.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) Upon the adoption of ASC 842, the Company recognized right-of-use assets and lease liabilities of approximately $2.0 billion and $2.2 billion, respectively, for operating leases of the land and/or building of our restaurants and office spaces based on the present value of lease payments over the lease term. In addition, an impairment charge of $60 million (net of related impact on deferred taxes and noncontrolling interests) on right-of-use assets arising from existing operating leases as of January 1, 2019 was recorded as an adjustment to retained earnings, as the additional impairment charge would have been recorded before adoption had the operating lease right-of-use assets been recognized at the time of impairment. The following table summarizes the effect on the Consolidated Balance Sheet as a result of adopting ASC 842. December 31, 2018 Effect of adoption January 1, 2019 ASSETS Current Assets Cash and cash equivalents $ 1,266 $ 1,266 Short-term investments 122 122 Accounts receivable, net 80 80 Inventories, net 307 307 Prepaid expenses and other current assets 177 (39 ) (a) 138 Total Current Assets 1,952 (39 ) 1,913 Property, plant and equipment, net 1,615 (1 ) 1,614 Operating lease right-of-use assets — 1,997 (b) 1,997 Goodwill 266 266 Intangible assets, net 116 (2 ) (c) 114 Deferred income taxes 89 19 (d) 108 Investments in unconsolidated affiliates 81 (1 ) 80 Other assets 491 (4 ) (c) 487 Total Assets $ 4,610 $ 1,969 $ 6,579 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY Current Liabilities Accounts payable and other current liabilities $ 1,199 $ 320 (e) $ 1,519 Income taxes payable 54 54 Total Current Liabilities 1,253 320 1,573 Non-current operating lease liabilities — 1,860 (f) 1,860 Non-current finance lease liabilities 25 — 25 Other liabilities 355 (148 ) (g) 207 Total Liabilities 1,633 2,032 3,665 Redeemable Noncontrolling Interest 1 1 Equity Common stock 4 4 Treasury stock (460 ) (460 ) Additional paid-in capital 2,402 2,402 Retained earnings 944 (60 ) (h) 884 Accumulated other comprehensive loss (17 ) (17 ) Total Equity – Yum China Holdings, Inc. 2,873 (60 ) 2,813 Noncontrolling interests 103 (3 ) (i) 100 Total Equity 2,976 (63 ) 2,913 Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 4,610 $ 1,969 $ 6,579 (a) Represents the current portion of prepaid rent reclassified to operating lease right-of-use assets. (b) Represents the net result of capitalization of operating lease payments and reclassification of prepaid rent, initial direct cost, deferred rent accrual and lease incentives, and offset by impairment of operating lease right-of-use assets that existed prior to the date of adoption. (c) Represents initial direct cost, favorable lease and non-current prepaid rent reclassified to operating lease right-of-use assets. (d) Represents the deferred tax impact related to impairment of operating lease right-of-use assets. (e) Represents recognition of the current portion of operating lease liabilities, offset by the reclassification of accrued rental payments and the current portion of deferred rent accrual to operating lease right-of-use assets. (f) Represents recognition of the non-current operating lease liabilities. (g) Represents reclassification of the non-current portion of deferred rent accrual and lease incentives to operating lease right-of-use assets. (h) Represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019, net of related impact on deferred taxes and noncontrolling interests, with a corresponding reduction to the carrying amount of operating lease right-of-use assets. The impairment charge was recorded for those restaurants under operating leases with full impairment on the long-lived assets before January 1, 2019, as the additional impairment charge would have been recorded before January 1, 2019 had the operating lease right-of-use assets been recognized at the time of impairment. (i) Represents impairment of operating lease right-of-use assets attributable to noncontrolling interests. In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Revenue from Contracts with Customers Certain prior period items in the Condensed Consolidated Financial Statements have been reclassified to conform to the current period’s presentation to facilitate comparison.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
Basis of Presentation (Tables)	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Effect on Consolidated Balance Sheets as Result of Adopting ASU 2016-02	The following table summarizes the effect on the Consolidated Balance Sheet as a result of adopting ASC 842. December 31, 2018 Effect of adoption January 1, 2019 ASSETS Current Assets Cash and cash equivalents $ 1,266 $ 1,266 Short-term investments 122 122 Accounts receivable, net 80 80 Inventories, net 307 307 Prepaid expenses and other current assets 177 (39 ) (a) 138 Total Current Assets 1,952 (39 ) 1,913 Property, plant and equipment, net 1,615 (1 ) 1,614 Operating lease right-of-use assets — 1,997 (b) 1,997 Goodwill 266 266 Intangible assets, net 116 (2 ) (c) 114 Deferred income taxes 89 19 (d) 108 Investments in unconsolidated affiliates 81 (1 ) 80 Other assets 491 (4 ) (c) 487 Total Assets $ 4,610 $ 1,969 $ 6,579 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY Current Liabilities Accounts payable and other current liabilities $ 1,199 $ 320 (e) $ 1,519 Income taxes payable 54 54 Total Current Liabilities 1,253 320 1,573 Non-current operating lease liabilities — 1,860 (f) 1,860 Non-current finance lease liabilities 25 — 25 Other liabilities 355 (148 ) (g) 207 Total Liabilities 1,633 2,032 3,665 Redeemable Noncontrolling Interest 1 1 Equity Common stock 4 4 Treasury stock (460 ) (460 ) Additional paid-in capital 2,402 2,402 Retained earnings 944 (60 ) (h) 884 Accumulated other comprehensive loss (17 ) (17 ) Total Equity – Yum China Holdings, Inc. 2,873 (60 ) 2,813 Noncontrolling interests 103 (3 ) (i) 100 Total Equity 2,976 (63 ) 2,913 Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 4,610 $ 1,969 $ 6,579 (a) Represents the current portion of prepaid rent reclassified to operating lease right-of-use assets. (b) Represents the net result of capitalization of operating lease payments and reclassification of prepaid rent, initial direct cost, deferred rent accrual and lease incentives, and offset by impairment of operating lease right-of-use assets that existed prior to the date of adoption. (c) Represents initial direct cost, favorable lease and non-current prepaid rent reclassified to operating lease right-of-use assets. (d) Represents the deferred tax impact related to impairment of operating lease right-of-use assets. (e) Represents recognition of the current portion of operating lease liabilities, offset by the reclassification of accrued rental payments and the current portion of deferred rent accrual to operating lease right-of-use assets. (f) Represents recognition of the non-current operating lease liabilities. (g) Represents reclassification of the non-current portion of deferred rent accrual and lease incentives to operating lease right-of-use assets. (h) Represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019, net of related impact on deferred taxes and noncontrolling interests, with a corresponding reduction to the carrying amount of operating lease right-of-use assets. The impairment charge was recorded for those restaurants under operating leases with full impairment on the long-lived assets before January 1, 2019, as the additional impairment charge would have been recorded before January 1, 2019 had the operating lease right-of-use assets been recognized at the time of impairment. (i) Represents impairment of operating lease right-of-use assets attributable to noncontrolling interests.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Mar. 31, 2019
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregation of Revenue by Types of Arrangements and Segments	The following table presents revenue disaggregated by types of arrangements and segments: Quarter Ended 3/31/2019 Revenues KFC Pizza Hut All Other Segments (a) Corporate and Unallocated (a) Combined Elimination Consolidated Company sales $ 1,539 $ 541 $ 9 $ — $ 2,089 $ — $ 2,089 Franchise fees and income 36 1 2 — 39 — 39 Revenues from transactions with franchisees and unconsolidated affiliates 17 1 7 145 170 — 170 Other revenues — — 14 1 15 (9 ) 6 Total revenues $ 1,592 $ 543 $ 32 $ 146 $ 2,313 $ (9 ) $ 2,304 Quarter Ended 3/31/2018 Revenues KFC Pizza Hut All Other Segments (a) Corporate and Unallocated (a) Combined Elimination Consolidated Company sales $ 1,444 $ 564 $ 8 $ — $ 2,016 $ — $ 2,016 Franchise fees and income 37 1 2 — 40 — 40 Revenues from transactions with franchisees and unconsolidated affiliates 17 — 7 137 161 — 161 Other revenues — — 4 1 5 (1 ) 4 Total revenues $ 1,498 $ 565 $ 21 $ 138 $ 2,222 $ (1 ) $ 2,221 (a) As COFFii & JOY and our e-commerce business became operating segments starting from the first quarter of 2019, revenue by segment information for prior quarters has been recast to align with the change in segment reporting. Additional details on our reportable segments are included in Note 13.
Contract Liabilities	Contract liabilities at March 31, 2019 and December 31, 2018 were as follows: Contract liabilities 3/31/2019 12/31/2018 - Deferred revenue related to prepaid stored-value products $ 80 $ 73 - Deferred revenue related to customer loyalty programs 22 17 - Deferred revenue related to upfront fees 39 37 Total $ 141 $ 127

Earnings Per Common Share ("E_2

Earnings Per Common Share ("EPS") (Tables)	3 Months Ended
Earnings Per Common Share ("EPS") (Tables)	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	The following table summarizes the components of basic and diluted EPS (in millions, except per share data): Quarter Ended 3/31/2019 3/31/2018 Net Income – Yum China Holdings, Inc. $ 222 $ 288 Weighted-average common shares outstanding (for basic calculation) (a) 379 386 Effect of dilutive share-based awards (a) 7 12 Effect of dilutive warrants (b) 2 3 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) 388 401 Basic Earnings Per Common Share $ 0.59 $ 0.75 Diluted Earnings Per Common Share $ 0.57 $ 0.72 Share-based awards excluded from the diluted EPS computation (c) 2 1 (a) As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards on shares of common stock of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. (b) Pursuant to the investment agreements dated September 1, 2016, Yum China issued to strategic investors two tranches of warrants on January 9, 2017, with each tranche providing the right to purchase 8,200,405 shares of Yum China common stock, at an exercise price of $31.40 and $39.25 per share, respectively, subject to customary anti-dilution adjustments. The warrants may be exercised at any time through October 31, 2021. The outstanding warrants are included in the computation of diluted EPS, if there is dilutive effect when the average market price of Yum China common stock for the period exceeds the exercise price of the warrants. (c) These outstanding stock appreciation rights, restricted stock units and performance share units were not included in the computation of diluted EPS because to do so would have been antidilutive for the quarters presented.

Equity (Tables)

Equity (Tables)	3 Months Ended
Equity (Tables)	Mar. 31, 2019
Stockholders Equity Note [Abstract]
Changes in Equity and Redeemable Noncontrolling Interest	Yum China Holdings, Inc. Accumulated Common Additional Other Redeemable Stock Paid-in Retained Comprehensive Treasury Stock Noncontrolling Total Noncontrolling Shares Amount Capital Earnings (Loss) Income Shares Amount Interests Equity Interest Balance at December 31, 2018 392 $ 4 $ 2,402 $ 944 $ (17 ) (13 ) $ (460 ) $ 103 $ 2,976 $ 1 Net Income 222 7 229 Foreign currency translation adjustments 56 3 59 Comprehensive income 288 Cash dividends declared ($0.12 per common share) (46 ) (46 ) Dividends declared (34 ) (34 ) Repurchase of shares of common stock (2 ) (65 ) (65 ) Exercise and vesting of share-based awards 2 — — — Share-based compensation 6 6 Cumulative effect of accounting change (60 ) (3 ) (63 ) Balance at March 31, 2019 394 $ 4 $ 2,408 $ 1,060 $ 39 (15 ) $ (525 ) $ 76 $ 3,062 $ 1

Other Income, Net (Tables)

Other Income, Net (Tables)	3 Months Ended
Other Income, Net (Tables)	Mar. 31, 2019
Other Income And Expenses [Abstract]
Other Income, Net	Quarter Ended 3/31/2019 3/31/2018 Equity income from investments in unconsolidated affiliates $ 23 $ 23 Gain from re-measurement of equity interest upon acquisition (a) — 98 Foreign exchange impact and other (4 ) 5 Other income, net $ 19 $ 126 (a) As a result of the acquisition of Wuxi KFC in the first quarter of 2018, as disclosed in Note 2, the Company recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	3 Months Ended
Supplemental Balance Sheet Information (Tables)	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Accounts Receivable, Net	Accounts Receivable, net 3/31/2019 12/31/2018 Accounts receivable, gross $ 79 $ 81 Allowance for doubtful accounts (2 ) (1 ) Accounts receivable, net $ 77 $ 80
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets 3/31/2019 12/31/2018 Receivables from payment processors and aggregators $ 46 $ 49 Dividends receivable from unconsolidated affiliates 53 20 Prepaid rent — 42 Other prepaid expenses and current assets 80 66 Prepaid expenses and other current assets $ 179 $ 177
Property, Plant and Equipment	Property, Plant and Equipment 3/31/2019 12/31/2018 Buildings and improvements $ 2,209 $ 2,121 Finance leases, primarily buildings 26 26 Machinery, equipment and construction in progress 1,218 1,201 Property, plant and equipment, gross 3,453 3,348 Accumulated depreciation (1,833 ) (1,733 ) Property, plant and equipment, net $ 1,620 $ 1,615
Accounts Payable and Other Current Liabilities	Other Assets 3/31/2019 12/31/2018 VAT assets $ 249 $ 226 Land use right 141 138 Long-term deposits 67 64 Investment in equity securities 57 47 Costs to obtain contracts 10 8 Others 3 8 Other Assets $ 527 $ 491 Accounts Payable and Other Current Liabilities 3/31/2019 12/31/2018 Accounts payable $ 556 $ 619 Operating leases liabilities 364 — Accrued compensation and benefits 163 200 Contract liabilities 109 96 Accrued capital expenditures 106 137 Accrued marketing expenses 76 32 Other current liabilities 133 115 Accounts payable and other current liabilities $ 1,507 $ 1,199
Other Liabilities and Deferred Credits	Other Liabilities 3/31/2019 12/31/2018 Accrued income tax payable $ 80 $ 71 Deferred income tax liabilities 64 65 Contract liabilities 32 31 Deferred rent accrual — 144 Other non-current liabilities 44 44 Other liabilities $ 220 $ 355

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill are as follows: Total Company KFC Pizza Hut All Other Segments Balance as of December 31, 2018 Goodwill, gross $ 648 $ 238 $ 19 $ 391 Accumulated impairment losses (a) (382 ) — — (382 ) Goodwill, net 266 238 19 9 Effect of currency translation adjustment 7 6 1 — Balance as of March 31, 2019 Goodwill, gross 655 244 20 391 Accumulated impairment losses (a) (382 ) — — (382 ) Goodwill, net $ 273 $ 244 $ 20 $ 9 ( a ) Accumulated impairment losses represent Little Sheep goodwill impairment.
Schedule of Finite and Indefinite Lived Intangible Assets by Major Class	Intangible assets, net as of March 31, 2019 and December 31, 2018 are as follows: 3/31/2019 12/31/2018 Gross Carrying Amount (a) Accumulated Amortization Accumulated impairment losses Net Carrying Amount Gross Carrying Amount Accumulated Amortization Accumulated impairment losses Net Carrying Amount Definite-lived intangible assets Reacquired franchise rights $ 154 $ (108 ) $ — $ 46 $ 150 $ (100 ) $ — $ 50 Daojia platform 16 (3 ) (10 ) 3 16 (3 ) (10 ) 3 Customer-related assets 12 (8 ) (2 ) 2 12 (8 ) (2 ) 2 Others (b) 9 (3 ) — 6 17 (9 ) — 8 $ 191 $ (122 ) $ (12 ) $ 57 $ 195 $ (120 ) $ (12 ) $ 63 Indefinite-lived intangible assets Little Sheep trademark $ 54 $ — $ — $ 54 $ 53 $ — $ — $ 53 Total intangible assets $ 245 $ (122 ) $ (12 ) $ 111 $ 248 $ (120 ) $ (12 ) $ 116 ( a ) Changes in gross carrying amount include effect of currency translation adjustment. (b) Decrease in Others during the quarter ended March 31, 2019 is primarily due to the reclassification of favorable lease assets, with gross carrying amount of $7 million and accumulated amortization of $5 million, to right-of-use assets upon adoption of ASC 842.

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2019
Leases [Abstract]
Summary of Supplemental Balance Sheet	Supplemental Balance Sheet 3/31/2019 Account Classification Assets Operating lease right-of-use assets $ 2,016 Operating lease right-of-use assets Finance lease right-of-use assets 14 Property, plant and equipment, net Total leased assets $ 2,030 Liabilities Current Operating lease liabilities $ 364 Accounts payable and other current liabilities Finance lease liabilities 2 Accounts payable and other current liabilities Non-current Operating lease liabilities 1,869 Non-current operating lease liabilities Finance lease liabilities 23 Non-current finance lease liabilities Total lease liabilities $ 2,258
Summary of Lease Cost	Summary of Lease Cost Quarter Ended Account Classification 3/31/2019 Operating lease cost $ 117 Occupancy and other operating expenses, G&A or Franchise expenses Variable lease cost 91 Occupancy and other operating expenses or Franchise expenses Short-term lease cost 3 Occupancy and other operating expenses or G&A Sublease income (7 ) Franchise fees and income or Other revenues Total lease cost $ 204
Schedule of Supplemental Cash Flow Information	Supplemental Cash Flow Information Quarter Ended 3/31/2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 127 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 57
Schedule of Lease Terms and Discount Rate	Quarter Ended Lease Term and Discount Rate 3/31/2019 Weighted-average remaining lease term (years) Operating leases 7.3 Finance leases 12.0 Weighted-average discount rate Operating leases 6.1 % Finance leases 5.7 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities as of March 31, 2019 were as follows: Amount of Operating Leases Amount of Finance Leases Total Remainder of 2019 $ 372 $ 2 $ 374 2020 460 3 463 2021 413 3 416 2022 353 3 356 2023 287 3 290 Thereafter 903 21 924 Total undiscounted lease payment 2,788 35 2,823 Less: imputed interest (a) 555 10 565 Present value of lease liabilities $ 2,233 $ 25 $ 2,258 (a) As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the imputed interest and present value of lease payments. We used the incremental borrowing rate on January 1, 2019, for operating leases that commenced prior to that date.
Summary of Future Minimum Lease Payments under Non-Cancellable Leases	Future minimum lease payments under non-cancellable leases as of December 31, 2018 were as follows: Commitments Amount of Operating Leases Amount of Finance Leases Total 2019 $ 466 $ 3 $ 469 2020 440 3 443 2021 394 3 397 2022 336 3 339 2023 275 3 278 Thereafter 864 22 886 $ 2,775 $ 37 $ 2,812

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Assets Measured on Recurring Basis or Disclosed at Fair Value	The following table is a summary of our financial assets measured on a recurring basis or disclosed at fair value and the level within the fair value hierarchy in which the measurement falls. The Company classifies its cash equivalents, short-term investments and investment in equity securities within Level 1 or Level 2 in the fair value hierarchy because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value, respectively. No transfers among the levels within the fair value hierarchy occurred during the quarter ended March 31, 2019. Fair Value Measurement or Disclosure at March 31, 2019 Balance at March 31, 2019 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 720 $ — $ 720 $ — Money market funds 129 129 Fixed rate debt securities (a) 89 89 Total cash equivalents 938 218 720 — Short-term investments: Time deposits 284 284 Total short-term investments 284 — 284 — Other assets: Investment in equity securities 57 57 Total $ 1,279 $ 275 $ 1,004 $ — Fair Value Measurement or Disclosure at December 31, 2018 Balance at December 31, 2018 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 570 $ — $ 570 $ — Money market funds 226 226 Fixed rate debt securities (a) 153 153 Total cash equivalents 949 379 570 — Short-term investments: Time deposits 122 122 Total short-term investments 122 — 122 — Other assets: Investment in equity securities 47 47 Total $ 1,118 $ 426 $ 692 $ — (a) Classified as held-to-maturity investments and measured at amortized cost.
Schedule of Amounts Recognized From Non-recurring Fair Value Measurements	The following table presents amounts recognized from all non-recurring fair value measurements during the quarter ended March 31, 2019. All fair value measurements were based on unobservable inputs (Level 3). These amounts exclude fair value measurements made for restaurants that were subsequently closed or refranchised prior to those respective quarter-end dates. Amount Account Classification ROU impairment prior to the adoption of ASC 842 (a) $ 82 Retained Earnings Incremental restaurant-level impairment upon adoption of ASC 842 (b) 12 Closure and impairment expenses, net Total 94 (a) ROU impairment prior to the adoption of ASC 842 represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019. After netting with related impact on deferred taxes of $19 million and the impact on noncontrolling interests of $3 million, we recorded a cumulative adjustment of $60 million to retained earnings in accordance with the transition guidance for the new lease standard. For those restaurants under operating leases with full impairment on their long-lived assets (primarily property, plant and equipment) before January 1, 2019, an additional impairment charge would have been recorded before January 1, 2019 had the operating lease right-of-use assets been recognized at the time of impairment. The fair value measurements used in these impairment evaluations were based on discounted cash flow estimates using unobservable inputs (Level 3) at the time of impairment. (b) Incremental restaurant-level impairment upon adoption of ASC 842

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax And Effective Tax Rate	Quarter Ended 3/31/2019 3/31/2018 Income tax provision $ 93 $ 107 Effective tax rate 28.9 % 26.6 %

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Quarter Ended 3/31/2019 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,592 $ 543 $ 23 $ 146 2,304 $ — $ 2,304 Inter-segment revenue — — 9 — 9 (9 ) — Total $ 1,592 $ 543 $ 32 $ 146 $ 2,313 $ (9 ) $ 2,304 Quarter Ended 3/31/2018 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,498 $ 565 $ 20 $ 138 2,221 $ — $ 2,221 Inter-segment revenue — — 1 — 1 (1 ) — Total $ 1,498 $ 565 $ 21 $ 138 $ 2,222 $ (1 ) $ 2,221 Quarter Ended Operating Profit 3/31/2019 3/31/2018 KFC (b) $ 288 $ 296 Pizza Hut 50 34 All Other Segments (5 ) (4 ) Unallocated revenues from transactions with franchisees and unconsolidated affiliates (c) 145 137 Unallocated Other revenues 1 1 Unallocated expenses from transactions with franchisees and unconsolidated affiliates (c) (143 ) (137 ) Unallocated Other operating costs and expenses (1 ) (1 ) Unallocated and corporate G&A expenses (33 ) (33 ) Unallocated Other income (d) 1 102 Operating Profit $ 303 $ 395 Interest income, net (a) 9 8 Investment gain (a) 10 — Income Before Income Taxes $ 322 $ 403 Quarter Ended Impairment Charges 3/31/2019 3/31/2018 KFC (e) $ 8 $ 1 Pizza Hut (e) 5 1 All Other Segments 1 $ — $ 14 $ 2 Total Assets 3/31/2019 12/31/2018 KFC (f) $ 3,082 $ 1,745 Pizza Hut 1,073 558 All Other Segments 161 132 Corporate and Unallocated (g) 2,446 2,175 $ 6,762 $ 4,610 (a) Amounts have not been allocated to any segment for performance reporting purposes. (b) Includes equity income from investments in unconsolidated affiliates of $23 million and $23 million for the quarters ended March 31, 2019 and 2018, respectively. (c) Primarily includes revenues and associated expenses of transactions with franchisee and unconsolidated affiliates derived from the Company’s central procurement model whereby the Company centrally purchases substantially all food and paper products from suppliers and then sells and delivers to restaurants, including franchisees and unconsolidated affiliates. Amounts have not been allocated to any segment for purposes of making operating decisions or assessing financial performance as the transactions are deemed corporate revenues and expenses in nature. ( d ) Primarily includes gain from re-measurement of the previously held equity interest in connection with the acquisition of Wuxi KFC (See Note 2). (e) Primarily includes store closure impairment charges as well as incremental restaurant-level impairment charges as a result of adopting ASC 842 (See Note 11). ( f ) Includes investments in unconsolidated affiliates. ( g ) Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, and inventories that are centrally managed.

Description of the Business - N

Description of the Business - Narrative (Details)	Oct. 31, 2016	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Entity, date of incorporation		Apr. 1, 2016
Entity incorporation, state name		Delaware
Exchange ratio of shares	1
Expiration term of master license agreement		50 years
Additional consecutive renewal terms of license agreement		50 years
Percentage of license fees on net sales		3.00%

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2019	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018	[1]
Summary Of Significant Accounting Policies [Line Items]
Operating lease right-of-use assets			$ 2,016
Operating lease liabilities			$ 2,233
ASU 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease right-of-use assets	$ 2,000			$ 1,997
Operating lease liabilities	2,200
Asset impairment charge net of related impact on deferred taxes and noncontrolling interests	$ 60
Wuxi KFC [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of additional equity interest acquired		36.00%
Cash consideration paid to acquire interest		$ 98
Equity interest in acquiree, including subsequent acquisition, percentage		83.00%

[1]	Represents the net result of capitalization of operating lease payments and reclassification of prepaid rent, initial direct cost, deferred rent accrual and lease incentives, and offset by impairment of operating lease right-of-use assets that existed prior to the date of adoption.

Basis of Presentation - Summary

Basis of Presentation - Summary of Effect on Consolidated Balance Sheets as Result of Adopting ASU 2016-02 (Details) - USD ($) $ in Millions		Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018		Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents		$ 1,247		$ 1,266		$ 1,318	$ 1,059
Short-term investments		284		122
Accounts receivable, net		77		80
Inventories, net		280		307
Prepaid expenses and other current assets		179		177
Total Current Assets		2,067		1,952
Property, plant and equipment, net		1,620		1,615
Operating lease right-of-use assets		2,016
Goodwill		273		266
Intangible assets, net		111		116
Deferred income taxes		104		89
Investments in unconsolidated affiliates		44		81
Other assets		527		491
Total Assets		6,762		4,610		$ 4,610
Current Liabilities
Accounts payable and other current liabilities		1,507		1,199
Income taxes payable		80		54
Total Current Liabilities		1,587		1,253
Non-current operating lease liabilities		1,869
Non-current finance lease liabilities		23		25
Other liabilities		220		355
Total Liabilities		3,699		1,633
Redeemable Noncontrolling Interest		1		1
Equity
Common stock		4		4
Treasury stock		(525)		(460)
Additional paid-in capital		2,408		2,402
Retained earnings		1,060		944
Accumulated other comprehensive loss		39		(17)
Total Equity – Yum China Holdings, Inc.		2,986		2,873
Noncontrolling interests		76		103
Total Equity		3,062		2,976
Total Liabilities, Redeemable Noncontrolling Interest and Equity		$ 6,762		4,610
As Adjusted [Member]
Current Assets
Cash and cash equivalents			$ 1,266
Short-term investments			122
Accounts receivable, net			80
Inventories, net			307
Prepaid expenses and other current assets			138
Total Current Assets			1,913
Property, plant and equipment, net			1,614
Operating lease right-of-use assets			1,997
Goodwill			266
Intangible assets, net			114
Deferred income taxes			108
Investments in unconsolidated affiliates			80
Other assets			487
Total Assets			6,579
Current Liabilities
Accounts payable and other current liabilities			1,519
Income taxes payable			54
Total Current Liabilities			1,573
Non-current operating lease liabilities			1,860
Non-current finance lease liabilities			25
Other liabilities			207
Total Liabilities			3,665
Redeemable Noncontrolling Interest			1
Equity
Common stock			4
Treasury stock			(460)
Additional paid-in capital			2,402
Retained earnings			884
Accumulated other comprehensive loss			(17)
Total Equity – Yum China Holdings, Inc.			2,813
Noncontrolling interests			100
Total Equity			2,913
Total Liabilities, Redeemable Noncontrolling Interest and Equity			6,579
Effect of Adoption [Member]
Current Assets
Prepaid expenses and other current assets	[1]			(39)
Total Current Assets				(39)
Property, plant and equipment, net				(1)
Operating lease right-of-use assets			$ 2,000	1,997	[2]
Intangible assets, net	[3]			(2)
Deferred income taxes	[4]			19
Investments in unconsolidated affiliates				(1)
Other assets	[3]			(4)
Total Assets				1,969
Current Liabilities
Accounts payable and other current liabilities	[5]			320
Total Current Liabilities				320
Non-current operating lease liabilities	[6]			1,860
Other liabilities	[7]			(148)
Total Liabilities				2,032
Equity
Retained earnings	[8]			(60)
Total Equity – Yum China Holdings, Inc.				(60)
Noncontrolling interests	[9]			(3)
Total Equity				(63)
Total Liabilities, Redeemable Noncontrolling Interest and Equity				$ 1,969

[1]	Represents the current portion of prepaid rent reclassified to operating lease right-of-use assets.
[2]	Represents the net result of capitalization of operating lease payments and reclassification of prepaid rent, initial direct cost, deferred rent accrual and lease incentives, and offset by impairment of operating lease right-of-use assets that existed prior to the date of adoption.
[3]	Represents initial direct cost, favorable lease and non-current prepaid rent reclassified to operating lease right-of-use assets.
[4]	Represents the deferred tax impact related to impairment of operating lease right-of-use assets.
[5]	Represents recognition of the current portion of operating lease liabilities, offset by the reclassification of accrued rental payments and the current portion of deferred rent accrual to operating lease right-of-use assets.
[6]	Represents recognition of the non-current operating lease liabilities.
[7]	Represents reclassification of the non-current portion of deferred rent accrual and lease incentives to operating lease right-of-use assets.
[8]	Represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019, net of related impact on deferred taxes and noncontrolling interests, with a corresponding reduction to the carrying amount of operating lease right-of-use assets.
[9]	Represents impairment of operating lease right-of-use assets attributable to noncontrolling interests.

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Sep. 30, 2018
Revenue From Contract With Customer [Line Items]
Prepaid gift cards expiration period	36 months
Product vouchers maximum expiration period	12 months
Points expiration period	18 months
Number of days from the period in which the corresponding sales occur that trade receivables are generally due	30 days
Impairment losses related to costs to obtain contracts	$ 0		$ 0
Costs to obtain contracts	10		$ 8	$ 10
Revenue recognized	$ 33	$ 19
KFC [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years
Pizza Hut [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years
Little Sheep [Member] \| Minimum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	5 years
Little Sheep [Member] \| Maximum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue by Types of Arrangements and Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Disaggregation Of Revenue [Line Items]
Total revenues		$ 2,304	$ 2,221
KFC [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		1,592	1,498
Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		543	565
All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		23	20
Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	[1]	146	138
Combined [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		2,313	2,222
Elimination [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		(9)	(1)
Elimination [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		(9)	1
Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		2,304	2,221
Operating Segments [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		1,592	1,498
Operating Segments [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		543	565
Operating Segments [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		32	21
Company Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2,089	2,016
Company Sales [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1,539	1,444
Company Sales [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues		541	564
Company Sales [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		9	8
Company Sales [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2,089	2,016
Franchise [Member]
Disaggregation Of Revenue [Line Items]
Revenues		39	40
Franchise [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		36	37
Franchise [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1	1
Franchise [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2	2
Franchise [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		39	40
Transactions With Franchisees and Unconsolidated Affiliates [Member]
Disaggregation Of Revenue [Line Items]
Revenues		170	161
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		17	17
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		7	7
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Revenues		145	137
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		170	161
Other Revenues [Member]
Disaggregation Of Revenue [Line Items]
Revenues		6	4
Other Revenues [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		14	4
Other Revenues [Member] \| Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1	1
Other Revenues [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		15	5
Other Revenues [Member] \| Elimination [Member]
Disaggregation Of Revenue [Line Items]
Revenues		$ (9)	$ (1)

[1]	Amounts have not been allocated to any segment for performance reporting purposes.

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Contract liabilities
- Deferred revenue related to prepaid stored-value products	$ 80	$ 73
- Deferred revenue related to customer loyalty programs	22	17
- Deferred revenue related to upfront fees	39	37
Total	$ 141	$ 127

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, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net Income – Yum China Holdings, Inc.		$ 222	$ 288
Weighted-average common shares outstanding (for basic calculation)	[1]	379	386
Effect of dilutive share-based awards	[1]	7	12
Effect of dilutive warrants	[2]	2	3
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)		388	401
Basic Earnings Per Common Share		$ 0.59	$ 0.75
Diluted Earnings Per Common Share		$ 0.57	$ 0.72
Share-based awards excluded from the diluted EPS computation	[3]	2	1

[1]	As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards on shares of common stock of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect.
[2]	Pursuant to the investment agreements dated September 1, 2016, Yum China issued to strategic investors two tranches of warrants on January 9, 2017, with each tranche providing the right to purchase 8,200,405 shares of Yum China common stock, at an exercise price of $31.40 and $39.25 per share, respectively, subject to customary anti-dilution adjustments. The warrants may be exercised at any time through October 31, 2021. The outstanding warrants are included in the computation of diluted EPS, if there is dilutive effect when the average market price of Yum China common stock for the period exceeds the exercise price of the warrants.
[3]	These outstanding stock appreciation rights, restricted stock units and performance share units were not included in the computation of diluted EPS because to do so would have been antidilutive for the quarters presented.

Earnings Per Common Share ("E_4

Earnings Per Common Share ("EPS") (Parenthetical) (Details)	Jan. 09, 2017Tranche$ / sharesshares
Class Of Warrant Or Right [Line Items]
Number of tranches of warrants \| Tranche	2
Tranche One Warrants [Member]
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock \| shares	8,200,405
Exercise price of warrants \| $ / shares	$ 31.40
Tranche Two Warrants [Member]
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock \| shares	8,200,405
Exercise price of warrants \| $ / shares	$ 39.25

Equity (Details)

Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Class Of Stock [Line Items]
Balance at December 31, 2018	$ 2,976
Net Income	229	$ 296
Foreign currency translation adjustments	59	90
Comprehensive income - including noncontrolling interests	288	386
Cash dividends declared ($0.12 per common share)	(46)
Dividends declared	(34)
Repurchase of shares of common stock	$ (65)	$ 0
Repurchase of shares of common stock, shares	(1.7)	0
Share-based compensation	$ 6
Cumulative effect of accounting change	(63)
Balance at March 31, 2019	3,062
Common Stock [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	$ 4
Balance (in shares) at Dec. 31, 2018	392
Exercise and vesting of share-based awards, shares	2
Balance at March 31, 2019	$ 4
Balance (in shares) at March 31, 2019	394
Additional Paid-in Capital [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	$ 2,402
Share-based compensation	6
Balance at March 31, 2019	2,408
Retained Earnings [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	944
Net Income	222
Cash dividends declared ($0.12 per common share)	(46)
Cumulative effect of accounting change	(60)
Balance at March 31, 2019	1,060
Accumulated Other Comprehensive Income (Loss) [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	(17)
Foreign currency translation adjustments	56
Balance at March 31, 2019	39
Treasury Stock [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	$ (460)
Balance (in shares) at Dec. 31, 2018	(13)
Repurchase of shares of common stock	$ (65)
Repurchase of shares of common stock, shares	(2)
Balance at March 31, 2019	$ (525)
Balance (in shares) at March 31, 2019	(15)
Noncontrolling Interests [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	$ 103
Net Income	7
Foreign currency translation adjustments	3
Dividends declared	(34)
Cumulative effect of accounting change	(3)
Balance at March 31, 2019	76
Redeemable Noncontrolling Interest [Member]
Class Of Stock [Line Items]
Balance at December 31, 2018	1
Balance at March 31, 2019	$ 1

Equity (Parenthetical) (Details

Equity (Parenthetical) (Details) - $ / shares	3 Months Ended
Equity (Parenthetical) (Details) - $ / shares	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Cash dividends declared, per common share	$ 0.12	$ 0.10

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($)	3 Months Ended
Equity - Narrative (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018	Oct. 30, 2018	Oct. 04, 2017	Feb. 07, 2017
Equity [Abstract]
Stock repurchase program, authorized amount			$ 1,400,000,000	$ 550,000,000	$ 300,000,000
Treasury stock repurchased, shares	1,700,000	0
Treasury stock repurchased, value	$ 65,000,000	$ 0
Value of shares repurchased with trade dates in the current reporting quarter, but settlement dates subsequent to the current quarter	$ 2,000,000
Number of shares repurchased with trade dates in the current reporting quarter, but settlement dates subsequent to the current quarter	46,000
Stock repurchase program, remaining authorized repurchase amount	$ 895,000,000

Items Affecting Comparability_2

Items Affecting Comparability of Net Income and Cash Flows - Narrative (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018
Gain from re-measurement of previously held ownership interest at fair value	[1]		$ 98
Unrealized investment gain	[2]	$ 10
Transaction tax		8
ASU 2016-02 [Member]
Impairment of long lived asset		12
Meituan Dianping [Member]
Number of ordinary shares subscribed				8.4
Maximum percentage of ordinary shares subscribed				1.00%
Fair value of Investment in Meituan's ordinary shares		57		$ 74
Unrealized investment gain		$ 10
Wuxi KFC [Member]
Gain from re-measurement of previously held ownership interest at fair value			$ 98
Ownership interest previously held			47.00%

[1]	As a result of the acquisition of Wuxi KFC in the first quarter of 2018, as disclosed in Note 2, the Company recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.
[2]	Amounts have not been allocated to any segment for performance reporting purposes.

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions		3 Months Ended
Other Income, Net (Details) - USD ($) $ in Millions		Mar. 31, 2019	Mar. 31, 2018
Other Income And Expenses [Abstract]
Equity income from investments in unconsolidated affiliates		$ 23	$ 23
Gain from re-measurement of equity interest upon acquisition	[1]		98
Foreign exchange impact and other		(4)	5
Other income, net		$ 19	$ 126

[1]	As a result of the acquisition of Wuxi KFC in the first quarter of 2018, as disclosed in Note 2, the Company recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.

Other Income, Net (Parenthetica

Other Income, Net (Parenthetical) (Details) $ in Millions	3 Months Ended
Other Income, Net (Parenthetical) (Details) $ in Millions	Mar. 31, 2018USD ($)
Other Operating Income (Expense), Net
Gain from re-measurement of previously held ownership interest at fair value	$ 98	[1]
Wuxi KFC [Member]
Other Operating Income (Expense), Net
Gain from re-measurement of previously held ownership interest at fair value	$ 98
Ownership interest previously held	47.00%

[1]	As a result of the acquisition of Wuxi KFC in the first quarter of 2018, as disclosed in Note 2, the Company recognized a gain of $98 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Accounts Receivable, net
Accounts receivable, gross	$ 79	$ 81
Allowance for doubtful accounts	(2)	(1)
Accounts receivable, net	77	80
Prepaid Expenses and Other Current Assets
Receivables from payment processors and aggregators	46	49
Dividends receivable from unconsolidated affiliates	53	20
Prepaid rent		42
Other prepaid expenses and current assets	80	66
Prepaid expenses and other current assets	179	177
Other Assets
VAT assets	249	226
Land use right	141	138
Long-term deposits	67	64
Investment in equity securities	57	47
Costs to obtain contracts	10	8	$ 10
Others	3	8
Other Assets	527	491
Accounts Payable and Other Current Liabilities
Accounts payable	556	619
Operating leases liabilities	364
Accrued compensation and benefits	163	200
Contract liabilities	109	96
Accrued capital expenditures	106	137
Accrued marketing expenses	76	32
Other current liabilities	133	115
Accounts payable and other current liabilities	1,507	1,199
Other Liabilities
Accrued income tax payable	80	71
Deferred income tax liabilities	64	65
Contract liabilities	32	31
Deferred rent accrual		144
Other non-current liabilities	44	44
Other liabilities	$ 220	$ 355

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information (Details 1) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 3,453	$ 3,348
Accumulated depreciation	(1,833)	(1,733)
Property, plant and equipment, net	1,620	1,615
Buildings and Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,209	2,121
Finance Leases, Primarily Buildings [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	26	26
Machinery, Equipment and Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 1,218	$ 1,201

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill, gross		$ 655	$ 648
Accumulated impairment losses	[1]	(382)	(382)
Goodwill, net		273	266
Effect of currency translation adjustment		7
KFC [Member]
Goodwill [Line Items]
Goodwill, gross		244	238
Goodwill, net		244	238
Effect of currency translation adjustment		6
Pizza Hut [Member]
Goodwill [Line Items]
Goodwill, gross		20	19
Goodwill, net		20	19
Effect of currency translation adjustment		1
All Other Segments [Member]
Goodwill [Line Items]
Goodwill, gross		391	391
Accumulated impairment losses	[1]	(382)	(382)
Goodwill, net		$ 9	$ 9

[1]	Accumulated impairment losses represent Little Sheep goodwill impairment.

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Millions		Mar. 31, 2019		Dec. 31, 2018
Definite-lived intangible assets
Gross Carrying Amount		$ 191	[1]	$ 195
Accumulated Amortization		(122)		(120)
Accumulated impairment losses		(12)		(12)
Net Carrying Amount		57		63
Total intangible assets
Gross Carrying Amount		245	[1]	248
Intangible assets, net		111		116
Little Sheep [Member] \| Trademark [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Net Carrying Amount		54		53
Reacquired franchise rights [Member]
Definite-lived intangible assets
Gross Carrying Amount		154	[1]	150
Accumulated Amortization		(108)		(100)
Net Carrying Amount		46		50
Daojia platform [Member]
Definite-lived intangible assets
Gross Carrying Amount		16	[1]	16
Accumulated Amortization		(3)		(3)
Accumulated impairment losses		(10)		(10)
Net Carrying Amount		3		3
Customer-related assets [Member]
Definite-lived intangible assets
Gross Carrying Amount		12	[1]	12
Accumulated Amortization		(8)		(8)
Accumulated impairment losses		(2)		(2)
Net Carrying Amount		2		2
Others [Member]
Definite-lived intangible assets
Gross Carrying Amount	[2]	9	[1]	17
Accumulated Amortization	[2]	(3)		(9)
Net Carrying Amount	[2]	$ 6		$ 8

[1]	Changes in gross carrying amount include effect of currency translation adjustment.
[2]	Decrease in Others during the quarter ended March 31, 2019 is primarily due to the reclassification of favorable lease assets, with gross carrying amount of $7 million and accumulated amortization of $5 million, to right-of-use assets upon adoption of ASC 842.

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Parenthetical) (Details 1) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Reclassification of favourable lease assets right-of-use assets	$ 7
Lease assets accumulated amortization	$ 5

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Definite-lived intangible assets
Definite-lived intangible assets, amortization expense	$ 6	$ 6
Expected amortization expense for the unamortized definite-lived intangible assets - remainder of 2019	11
Expected amortization expense for the unamortized definite-lived intangible assets - 2020	13
Expected amortization expense for the unamortized definite-lived intangible assets - 2021	13
Expected amortization expense for the unamortized definite-lived intangible assets - 2022	13
Expected amortization expense for the unamortized definite-lived intangible assets - 2023	$ 3

Leases - Summary of Supplementa

Leases - Summary of Supplemental Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Lease Assets And Liabilities [Abstract]
Operating lease right-of-use assets	$ 2,016
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	yumc:OperatingLeaseRightOfUseAssetsMember
Finance lease right-of-use assets	$ 14
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentMember
Total leased assets	$ 2,030
Operating leases liabilities	364
Finance lease liabilities, Current	$ 2
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	yumc:AccountsPayableAndOtherCurrentLiabilitiesMember
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	yumc:AccountsPayableAndOtherCurrentLiabilitiesMember
Non-current operating lease liabilities	$ 1,869
Non-current finance lease liabilities	$ 23	$ 25
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	yumc:NonCurrentOperatingLeaseLiabilitiesMember
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	yumc:NonCurrentFinancingLeaseLiabilitiesMember
Total lease liabilities	$ 2,258

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Details) $ in Millions	3 Months Ended
Leases - Summary of Lease Cost (Details) $ in Millions	Mar. 31, 2019USD ($)
Lease Cost [Abstract]
Operating lease cost	$ 117
Variable lease cost	91
Short-term lease cost	3
Sublease income	(7)
Total lease cost	$ 204

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 127
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$ 57

Leases - Schedule of Lease Term

Leases - Schedule of Lease Term and Discount Rate (Details)	Mar. 31, 2019
Weighted-average remaining lease term (years)
Operating leases	7 years 3 months 18 days
Finance leases	12 years
Weighted-average discount rate
Operating leases	6.10%
Finance leases	5.70%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Amount of Operating Leases
Remainder of 2019	$ 372
2020	460
2021	413
2022	353
2023	287
Thereafter	903
Total undiscounted lease payment	2,788
Less: Imputed Interest	555
Present value of lease liabilities	2,233
Amount of Finance Leases
Remainder of 2019	2
2020	3
2021	3
2022	3
2023	3
Thereafter	21
Total undiscounted lease payment	35
Less: Imputed Interest	10	$ 10
Present value of lease liabilities	25	$ 27
Amount of Operating And Finance Leases, Total
Remainder of 2019	374
2020	463
2021	416
2022	356
2023	290
Thereafter	924
Total undiscounted lease payment	2,823
Less: Imputed Interest	565
Present value of lease liabilities	$ 2,258

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Lease Assets And Liabilities [Line Items]
Additional lease signed but not commenced	$ 87
Present value of lease liabilities	25	$ 27
Less: Imputed Interest	10	10
Finance lease liabilities, Current	$ 2
Accounts Payable and Other Current Liabilities [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Finance lease liabilities, Current		$ 2
Minimum [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Lease term	1 year
Maximum [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Lease term	20 years

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Payments under Non-Cancellable Leases (Details) $ in Millions	Dec. 31, 2018USD ($)
Operating leases, future minimum commitments [Abstract]
2019	$ 466
2020	440
2021	394
2022	336
2023	275
Thereafter	864
Operating leases, future minimum payments due	2,775
Finance leases, future minimum commitments [Abstract]
2019	3
2020	3
2021	3
2022	3
2023	3
Thereafter	22
Finance leases, total future minimum commitments	37
Operating and Finance leases, future minimum commitments [Abstract]
2019	469
2020	443
2021	397
2022	339
2023	278
Thereafter	886
Operating and finance leases, future minimum commitments	$ 2,812

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Mar. 31, 2019USD ($)
Fair Value Disclosures [Abstract]
Transfer from Level 1 to Level 2	$ 0
Transfer from Level 2 to Level 1	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured on Recurring Basis or Disclosed at Fair Value (Details) - Recurring Fair Value Measurements [Member] - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		$ 938	$ 949
Short-term investments, Fair Value Measurement or Disclosure		284	122
Total assets, Fair Value Measurement or Disclosure		1,279	1,118
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		218	379
Total assets, Fair Value Measurement or Disclosure		275	426
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		720	570
Short-term investments, Fair Value Measurement or Disclosure		284	122
Total assets, Fair Value Measurement or Disclosure		1,004	692
Time Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		720	570
Short-term investments, Fair Value Measurement or Disclosure		284	122
Time Deposits [Member] \| Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		720	570
Short-term investments, Fair Value Measurement or Disclosure		284	122
Money Market Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		129	226
Money Market Funds [Member] \| Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		129	226
Fixed Rate Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure	[1]	89	153
Fixed Rate Debt Securities [Member] \| Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure	[1]	89	153
Investment in Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other assets, Fair Value Measurement or Disclosure		57	47
Investment in Equity Securities [Member] \| Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other assets, Fair Value Measurement or Disclosure		$ 57	$ 47

[1]	Classified as held-to-maturity investments and measured at amortized cost.

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Amounts Recognized From Non-recurring Fair Value Measurements (Details) - ASU 2016-02 [Member] $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Incremental restaurant-level impairment upon adoption of ASC 842	$ 12
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total accumulated impairment charges on ROU assets	94
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| Closure and Impairment Expense [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Incremental restaurant-level impairment upon adoption of ASC 842	12	[1]
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| Cumulative Adjustment to Impairment on ROU Due to Adoption of New Accounting Pronouncement [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
ROU impairment prior to the adoption of ASC 842	$ 82	[2]

[1]	Incremental restaurant-level impairment upon adoption of ASC 842 represents additional impairment charges as a result of adopting the new lease standard in the first quarter of 2019. We performed an additional impairment evaluation of long-lived assets of restaurants, which includes operating lease right-of-use assets, and property, plant and equipment. The fair value measurements used in these impairment evaluations were based on discounted cash flow estimates using unobservable inputs (Level 3).
[2]	ROU impairment prior to the adoption of ASC 842 represents an impairment charge on operating lease right-of-use assets arising from existing operating leases as of January 1, 2019. After netting with related impact on deferred taxes of $19 million and the impact on noncontrolling interests of $3 million, we recorded a cumulative adjustment of $60 million to retained earnings in accordance with the transition guidance for the new lease standard. For those restaurants under operating leases with full impairment on their long-lived assets (primarily property, plant and equipment) before January 1, 2019, an additional impairment charge would have been recorded before January 1, 2019 had the operating lease right-of-use assets been recognized at the time of impairment. The fair value measurements used in these impairment evaluations were based on discounted cash flow estimates using unobservable inputs (Level 3) at the time of impairment.

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Amounts Recognized From Non-recurring Fair Value Measurements (Parenthetical) (Details) - ASU 2016-02 [Member] $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cumulative adjustment to retained earnings	$ 60
Cumulative Adjustment to Deferred Income Tax Expenses Due to Adoption of New Accounting Pronouncement [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cumulative adjustment to opening retained earnings due to adoption of new accounting pronouncement	19
Cumulative Adjustment to Net Income (Loss) Attributable to Noncontrolling Interest Due to Adoption of New Accounting Pronouncement [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cumulative adjustment to opening retained earnings due to adoption of new accounting pronouncement	$ 3

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax provision	$ 93	$ 107
Effective tax rate	28.90%	26.60%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S. federal statutory rate, percent	21.00%
Adjustment to tax expense	$ 8	$ 36

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	3 Months Ended
Segment Reporting - Narrative (Details)	Mar. 31, 2019Segment
Segment Reporting [Abstract]
Number of reportable segments	2
Number of non-reportable operating segments	6

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions		3 Months Ended
Segment Reporting (Details) - USD ($) $ in Millions		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues		$ 2,304	$ 2,221
Operating Profit		303	395
Unallocated Other revenues		1	1
Unallocated Other operating costs and expenses		(1)	(1)
Unallocated and corporate G&A expenses		(33)	(33)
Unallocated Other income	[1]	1	102
Interest income, net	[2]	9	8
Investment gain	[2]	10
Income Before Income Taxes		322	403
Impairment Charges		14	2
Total Assets		6,762	4,610	$ 4,610
KFC [Member]
Segment Reporting Information [Line Items]
Revenues		1,592	1,498
Pizza Hut [Member]
Segment Reporting Information [Line Items]
Revenues		543	565
All Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		23	20
Corporate and Unallocated [Member]
Segment Reporting Information [Line Items]
Revenues	[2]	146	138
Unallocated revenues from transactions with franchisees and unconsolidated affiliates	[3]	145	137
Unallocated revenues from transactions with franchisees and unconsolidated affiliates	[3]	(143)	(137)
Total Assets	[4]	2,446	2,175
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		2,304	2,221
Operating Segments [Member] \| KFC [Member]
Segment Reporting Information [Line Items]
Revenues		1,592	1,498
Operating Profit	[5]	288	296
Impairment Charges	[6]	8	1
Total Assets	[7]	3,082	1,745
Operating Segments [Member] \| Pizza Hut [Member]
Segment Reporting Information [Line Items]
Revenues		543	565
Operating Profit		50	34
Impairment Charges	[6]	5	1
Total Assets		1,073	558
Operating Segments [Member] \| All Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		32	21
Operating Profit		(5)	(4)
Impairment Charges		1
Total Assets		161	132
Elimination [Member]
Segment Reporting Information [Line Items]
Revenues		(9)	(1)
Elimination [Member] \| All Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		(9)	1
Combined [Member]
Segment Reporting Information [Line Items]
Revenues		$ 2,313	$ 2,222

[1]	Primarily includes gain from re-measurement of the previously held equity interest in connection with the acquisition of Wuxi KFC (See Note 2).
[2]	Amounts have not been allocated to any segment for performance reporting purposes.
[3]	Primarily includes revenues and associated expenses of transactions with franchisee and unconsolidated affiliates derived from the Company’s central procurement model whereby the Company centrally purchases substantially all food and paper products from suppliers and then sells and delivers to restaurants, including franchisees and unconsolidated affiliates. Amounts have not been allocated to any segment for purposes of making operating decisions or assessing financial performance as the transactions are deemed corporate revenues and expenses in nature.
[4]	Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, and inventories that are centrally managed.
[5]	Includes equity income from investments in unconsolidated affiliates of $23 million and $23 million for the quarters ended March 31, 2019 and 2018, respectively.
[6]	Primarily includes store closure impairment charges as well as incremental restaurant-level impairment charges as a result of adopting ASC 842 (See Note 11).
[7]	Includes investments in unconsolidated affiliates.

Segment Reporting (Parenthetica

Segment Reporting (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting [Abstract]
Equity income from investments in unconsolidated affiliates	$ 23	$ 23

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($)	1 Months Ended
Contingencies - Narrative (Details) - USD ($)	Feb. 28, 2015	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Income tax rate on gains derived from indirect transfer of assets	10.00%
Percentage of tax assessed on difference between fair market value and tax basis	10.00%
Guaranteed line of credit and loans of franchisees		$ 1,000,000
Guarantees outstanding of unconsolidated affiliates		$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ / shares in Units, $ in Millions	Apr. 29, 2019USD ($)$ / shares
Subsequent Event [Line Items]
Dividends declared date	Apr. 29, 2019
Dividends payable, amount per share \| $ / shares	$ 0.12
Dividends payable date	Jun. 17, 2019
Dividends payable, date of record	May 28, 2019
Estimated cash dividend payable \| $	$ 46