Yum China (YUMC) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 03, 2021
Document And Entity Information [Line Items]
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	2021
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, 2021
Entity Common Stock Shares Outstanding		420,598,687
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Incorporation, State or Country Code	DE
Security Exchange Name	NYSE
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-37762
Entity Tax Identification Number	81-2421743
Entity Address, Address Line One	7100 Corporate Drive
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75024
City Area Code	469
Local Phone Number	980-2898
Entity Address, Country	US
The Stock Exchange of Hong Kong Limited [Member]
Document And Entity Information [Line Items]
Trading Symbol	9987
Other Address [Member]
Document And Entity Information [Line Items]
Entity Address, Address Line One	Yum China Building
Entity Address, City or Town	Shanghai
Entity Address, Postal Zip Code	200030
Entity Address, Country	CN
Entity Address, Address Line Two	20 Tian Yao Qiao Road

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Revenues
Total revenues		$ 2,557	$ 1,754
Costs and Expenses, Net
General and administrative expenses		130	99
Other operating costs and expenses		11	10
Other income, net		(6)	(16)
Total costs and expenses, net		2,215	1,657
Closures and impairment (income) expenses, net		(2)	8
Operating Profit		342	97
Interest income, net	[1]	15	9
Investment loss	[1]	(12)	(8)
Income Before Income Taxes		345	98
Income tax provision		(102)	(32)
Net income – including noncontrolling interests		243	66
Net income – noncontrolling interests		13	4
Net Income – Yum China Holdings, Inc.		$ 230	$ 62
Weighted-average common shares outstanding (in millions):
Basic	[2]	420	376
Diluted	[2]	434	386
Basic Earnings Per Common Share		$ 0.55	$ 0.16
Diluted Earnings Per Common Share		$ 0.53	$ 0.16
Company Sales [Member]
Revenues
Revenues		$ 2,331	$ 1,548
Franchise [Member]
Revenues
Revenues		42	35
Costs and Expenses, Net
Cost of goods and services sold		17	17
Transactions With Franchisees and Unconsolidated Affiliates [Member]
Revenues
Revenues		171	161
Costs and Expenses, Net
Cost of goods and services sold		169	156
Other Revenues [Member]
Revenues
Revenues		13	10
Company Restaurant Expenses [Member]
Costs and Expenses, Net
Food and paper		704	495
Payroll and employee benefits		544	394
Occupancy and other operating expenses		648	494
Cost of goods and services sold		$ 1,896	$ 1,383
[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 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 incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income - including noncontrolling interests	$ 243	$ 66
Other comprehensive loss, net of tax of nil:
Foreign currency translation adjustments	(18)	(42)
Comprehensive income - including noncontrolling interests	225	24
Comprehensive income - noncontrolling interests	12	2
Comprehensive Income - Yum China Holdings, Inc.	$ 213	$ 22

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Cash Flows – Operating Activities
Net income - including noncontrolling interests		$ 243	$ 66
Depreciation and amortization		128	109
Non-cash operating lease cost		101	88
Closures and impairment (income) expenses		(2)	8
Investment loss	[1]	12	8
Equity income from investments in unconsolidated affiliates		(17)	(20)
Distributions of income received from unconsolidated affiliates		11	8
Deferred income taxes		15	2
Share-based compensation expense		10	7
Changes in accounts receivable		(3)	9
Changes in inventories		52	57
Changes in prepaid expenses and other current assets		20	10
Changes in accounts payable and other current liabilities		(175)	(192)
Changes in income taxes payable		51	5
Changes in non-current operating lease liabilities		(104)	(102)
Other, net		(11)	(3)
Net Cash Provided by Operating Activities		331	60
Cash Flows – Investing Activities
Capital spending		(165)	(87)
Purchases of short-term investments		(1,180)	(275)
Maturities of short-term investments		1,258	390
Prepayment for investment			(27)
Investment in equity securities		(261)
Other, net		1	1
Net Cash (Used in) Provided by Investing Activities		(347)	2
Cash Flows – Financing Activities
Repurchase of shares of common stock			(8)
Cash dividends paid on common stock		(50)	(45)
Dividends paid to noncontrolling interests		(1)
Other, net		(4)	1
Net Cash Used in Financing Activities		(55)	(52)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash		(3)	(8)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash		(74)	2
Cash, Cash Equivalents and Restricted Cash - Beginning of Period		1,158	1,055
Cash, Cash Equivalents and Restricted Cash - End of Period		1,084	1,057
Supplemental Cash Flow Data
Cash paid for income tax		40	25
Non-cash Investing and Financing Activities
Capital expenditures included in accounts payables and other current liabilities		$ 151	$ 111
[1]	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, 2021	Dec. 31, 2020
Current Assets
Cash and cash equivalents	$ 1,084	$ 1,158
Short-term investments	3,026	3,105
Accounts receivable, net	102	99
Inventories, net	345	398
Prepaid expenses and other current assets	199	176
Total Current Assets	4,756	4,936
Property, plant and equipment, net	1,749	1,765
Operating lease right-of-use assets	2,140	2,164
Goodwill	829	832
Intangible assets, net	234	246
Deferred income tax assets	83	98
Investments in unconsolidated affiliates	48	85
Other assets	998	749
Total Assets	10,837	10,875
Current Liabilities
Accounts payable and other current liabilities	1,800	1,995
Income taxes payable	122	72
Total Current Liabilities	1,922	2,067
Non-current operating lease liabilities	1,882	1,915
Non-current finance lease liabilities	28	28
Deferred income tax liabilities	227	227
Other liabilities	165	167
Total Liabilities	4,224	4,404
Redeemable Noncontrolling Interest	12	12
Equity
Common stock, $0.01 par value; 1,000 million shares authorized; 440 million shares and 440 million shares issued at March 31, 2021 and December 31, 2020, respectively; 420 million shares and 420 million shares outstanding at March 31, 2021 and December 31, 2020, respectively	4	4
Treasury stock	(728)	(728)
Additional paid-in capital	4,664	4,658
Retained earnings	2,285	2,105
Accumulated other comprehensive income	150	167
Total Yum China Holdings, Inc. Stockholders' Equity	6,375	6,206
Noncontrolling interests	226	253
Total Equity	6,601	6,459
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$ 10,837	$ 10,875

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
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	440,000,000	440,000,000
Common stock, shares outstanding	420,000,000	420,000,000

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	Note 1 – Description of 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 owns, franchises or has ownership in entities that own and operate restaurants (also referred to as “stores” or “units”) under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell and Lavazza concepts (collectively, the “concepts”). In connection with the separation of the Company in 2016 from its former parent company, YUM! Brands, Inc. (“YUM”), a master license agreement was entered into between Yum Restaurants Consulting (Shanghai) Company Limited (“YCCL”), a wholly-owned indirect subsidiary of the Company, and YUM, through YRI China Franchising LLC, a subsidiary of YUM, effective from January 1, 2020 and previously through Yum! Restaurants Asia Pte. Ltd., another subsidiary of YUM, from October 31, 2016 to December 31, 2019. Pursuant to the master license agreement, we are the exclusive licensee 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, Macau and Taiwan. The term of the license is 50 years 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. 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 Little Sheep, Huang Ji Huang, COFFii & JOY and East Dawning, 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 2017, the Company started an e-commerce business offering a wide selection of products including electronics, home and kitchen accessories, fresh groceries, and other general merchandise to customers directly through the Company’s e-commerce platform. In April 2020, the Company completed the acquisition of a 93.3% interest in the Huang Ji Huang group (“Huang Ji Huang”), a leading Chinese-style casual dining franchise business, for cash consideration of $185 million. Huang Ji Huang became an operating segment of the Company. The acquisition was considered immaterial. Following the acquisition, we established a Chinese dining business unit comprising our three Chinese dining brands, namely Little Sheep, Huang Ji Huang and East Dawning. Also in April 2020, the Company partnered with Lavazza Group, the world-renowned family-owned Italian coffee company, and entered into a joint venture to explore and develop the Lavazza coffee shop concept in China. In August 2020, the Company completed the acquisition of an additional 25% equity interest in an unconsolidated affiliate that operates KFC stores in and around Suzhou, China (“Suzhou KFC”), for cash consideration of $149 million. Upon closing of the acquisition, the Company increased its equity interest to 72%, allowing the Company to consolidate Suzhou KFC. The acquisition was considered immaterial. The Company has two reportable segments: KFC and Pizza Hut. Our remaining operating segments, including the operations of Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell, Lavazza, Daojia 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. Additional details on our reportable operating segments are included in Note 13. The Company’s common stock is listed on the New York Stock Exchange ("NYSE") under the symbol “YUMC”. On September 10, 2020, the Company completed a secondary listing of its common stock on the Main Board of the Hong Kong Stock Exchange ("HKEX") under the stock code “9987”, in connection with a global offering of 41,910,700 shares of its common stock. Net proceeds raised by the Company from the global offering after deducting underwriting fees and the offering expenses amounted to US$2.2 billion.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
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, 2021, results of our operations, comprehensive income and cash flows for the quarters ended March 31, 2021 and 2020. 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 26, 2021. Through the acquisition of Daojia, 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 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 is entitled to substantially all of the profits and has the obligation to absorb all of the expected losses of the VIE. The results of Huang Ji Huang and Suzhou KFC’s operations have been included in the Company’s Condensed Consolidated Financial Statements since the acquisition dates of April 8, 2020 and August 3, 2020, respectively. Certain comparative items in the Condensed Consolidated Financial Statements have been reclassified to conform to the current period’s presentation to facilitate comparison. Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Tax (Topic 740), Simplifying the Accounting for Income Taxes We adopted the standard on January 1, 2021 and such adoption did not have a material impact on our financial statements. In January 2020, the FASB issued ASU 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815 We adopted the standard on January 1, 2021 and such adoption did not have a material impact on our financial statements. In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities We adopted the standard on January 1, 2021 and such adoption did not have a material impact on our financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
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 either used our dedicated riders or third-party aggregators’ delivery staff in the past. 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. Starting in 2019, we use our own dedicated riders to deliver orders placed through aggregators’ platforms to customers of KFC and Pizza Hut stores. 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 programs offer privilege members rights to multiple benefits, such as free delivery and discounts on certain products. For certain KFC and Pizza Hut privilege membership programs offering a pre-defined amount of benefits that can be redeemed ratably over the membership period, revenue is ratably recognized over the period based on the elapse of time. With respect to the KFC and Pizza Hut family privilege membership program offering members a mix of distinct benefits, including a welcome gift and assorted discount coupons with pre-defined quantities, consideration collected is allocated to the benefits provided based on their relative standalone selling price and revenue is recognized when food or services are delivered or the benefits expire. In determining the relative standalone selling price of the benefits, the Company considers likelihood of future redemption based on historical redemption pattern and reviews such estimates periodically based upon the latest available information regarding redemption and expiration patterns. Franchise Fees and Income Franchise fees and income primarily include upfront franchise fees, such as initial fees and renewal fees, and continuing fees. We have determined that the services we provide in exchange for upfront franchise fees and continuing fees are highly interrelated with the franchise right. We recognize upfront franchise 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 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. In addition, the Company owns seasoning facilities for its Chinese dining business unit, which manufacture and sell seasoning products to Huang Ji Huang and Little Sheep franchisees. 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 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 and reviews such estimates periodically 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 3/31/2021 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated Combined Elimination Consolidated Company sales $ 1,783 $ 538 $ 10 $ — $ 2,331 $ — $ 2,331 Franchise fees and income 33 2 7 — 42 — 42 Revenues from transactions with franchisees and unconsolidated affiliates 15 1 26 129 171 — 171 Other revenues 1 — 35 2 38 (25 ) 13 Total revenues $ 1,832 $ 541 $ 78 $ 131 $ 2,582 $ (25 ) $ 2,557 Quarter Ended 3/31/2020 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated Combined Elimination Consolidated Company sales $ 1,220 $ 322 $ 6 $ — $ 1,548 $ — $ 1,548 Franchise fees and income 33 1 1 — 35 — 35 Revenues from transactions with franchisees and unconsolidated affiliates 16 1 5 139 161 — 161 Other revenues — — 16 1 17 (7 ) 10 Total revenues $ 1,269 $ 324 $ 28 $ 140 $ 1,761 $ (7 ) $ 1,754 Accounts Receivable Accounts receivable primarily 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 of credit losses for accounts receivable is based upon the current expected credit losses (“CECL”) model. The CECL model requires an estimate of the credit losses expected over the life of accounts receivable since initial recognition, and accounts receivable with similar risk characteristics are grouped together when estimating CECL. In assessing the CECL, the Company considers both quantitative and qualitative information that is reasonable and supportable, including historical credit loss experience, adjusted for relevant factors impacting collectability and forward-looking information indicative of external market conditions. 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. Accounts receivable that are ultimately deemed to be uncollectible, and for which collection efforts have been exhausted, are written off against the allowance for doubtful accounts. As of March 31, 2021 and December 31, 2020, the ending balances of provision for accounts receivable were $2 million and $1 million, respectively, and amounts of accounts receivable past due were immaterial. Receivables due from unconsolidated affiliates, including accounts receivable and dividend receivables, were $96 million and $50 million as of March 31, 2021 and December 31, 2020, respectively. Costs to Obtain Contracts Costs to obtain contracts consist of upfront franchise 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, privilege membership programs 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 $8 million and $9 million at March 31, 2021 and December 31, 2020, respectively. Contract Liabilities Contract liabilities at March 31, 2021 and December 31, 2020 were as follows: Contract liabilities 3/31/2021 12/31/2020 - Deferred revenue related to prepaid stored-value products $ 117 $ 117 - Deferred revenue related to upfront franchise fees 39 38 - Deferred revenue related to customer loyalty programs 26 23 - Deferred revenue related to privilege membership programs 21 27 - Others 1 1 Total $ 204 $ 206 Contract liabilities primarily consist of deferred revenue related to prepaid stored-value products, privilege membership programs, customer loyalty programs and upfront franchise fees. Deferred revenue related to prepaid stored-value products, privilege membership programs and customer loyalty programs is included in Accounts payable and other current liabilities in the Condensed Consolidated Balance Sheets. Deferred revenue related to upfront franchise 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 in the Condensed Consolidated Balance Sheets. Revenue recognized that was included in the contract liability balance at the beginning of each period amounted to $71 million and $38 million for the quarters ended March 31, 2021 and 2020, respectively 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 the 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 a certain percentage of sales, as those sales occur.

Earnings Per Common Share ("EPS

Earnings Per Common Share ("EPS")	3 Months Ended
	Mar. 31, 2021
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 3/31/2021 3/31/2020 Net Income – Yum China Holdings, Inc. $ 230 $ 62 Weighted-average common shares outstanding (for basic calculation) (a) 420 376 Effect of dilutive share-based awards (a) 6 6 Effect of dilutive warrants (b) 8 4 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) (a) 434 386 Basic Earnings Per Common Share $ 0.55 $ 0.16 Diluted Earnings Per Common Share $ 0.53 $ 0.16 Share-based awards excluded from the diluted EPS computation (c) 2 3 (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 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 incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding. (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 initially providing the right to purchase 8,200,405 shares of Yum China common stock, at an initial 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 incremental shares arising from 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 periods exceeds the applicable exercise price of the warrants. (c) These outstanding stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance stock units (“PSUs”) were excluded from the computation of diluted EPS because to do so would have been antidilutive for the quarters presented, or because certain PSUs are contingently issuable based on the achievement of performance and market conditions, which have not been met as of March 31, 2021 and 2020.

Equity

Equity	3 Months Ended
	Mar. 31, 2021
Stockholders Equity Note [Abstract]
Equity	Note 5 – Equity Changes in Equity and Redeemable Noncontrolling Interest (in millions) Yum China Holdings, Inc. Accumulated Common Additional Other Redeemable Stock Paid-in Retained Comprehensive Treasury Stock Noncontrolling Total Noncontrolling Shares Amount Capital Earnings Income (Loss) Shares* Amount Interests Equity Interest Balance at December 31, 2020 440 $ 4 $ 4,658 $ 2,105 $ 167 (20 ) $ (728 ) $ 253 $ 6,459 $ 12 Net Income 230 13 243 — Foreign currency translation adjustments (17 ) (1 ) (18 ) — Comprehensive income 225 — Cash dividends declared ($0.12 per common share) (50 ) (50 ) Dividends declared (39 ) (39 ) Exercise and vesting of share-based awards — — (4 ) (4 ) Share-based compensation 10 10 Balance at March 31, 2021 440 $ 4 $ 4,664 $ 2,285 $ 150 (20 ) $ (728 ) $ 226 $ 6,601 $ 12 Balance at December 31, 2019 395 $ 4 $ 2,427 $ 1,416 $ (49 ) (19 ) $ (721 ) $ 98 $ 3,175 $ — Net Income 62 4 66 — Foreign currency translation adjustments (40 ) (2 ) (42 ) — Comprehensive income 24 — Cash dividends declared ($0.12 per common share) (45 ) (45 ) Repurchase of shares of common stock — (7 ) (7 ) Exercise and vesting of share-based awards 1 — — — Share-based compensation 7 7 Balance at March 31, 2020 396 $ 4 $ 2,434 $ 1,433 $ (89 ) (20 ) $ (728 ) $ 100 $ 3,154 $ — *: Shares may not add due to rounding. Share Repurchase Program Our Board of Directors has authorized an aggregate of $1.4 billion for our share repurchase program. The Company suspended the share repurchase starting in the second quarter of 2020. No shares of Yum China common stock were repurchased for the quarter ended March 31, 2021 and 0.2 million shares at a total cost of $7 million were repurchased for the quarter ended March 31, 2020. As of March 31, 2021, $692 million remained available for future share repurchases under the authorization.

Items Affecting Comparability o

Items Affecting Comparability of Net Income	3 Months Ended
	Mar. 31, 2021
Items Affecting Comparability Of Net Income [Abstract]
Items Affecting Comparability of Net Income	Note 6 – Items Affecting Comparability of Net Income Impact of COVID-19 Pandemic Starting in the first quarter of 2020, the COVID-19 pandemic has significantly impacted the Company’s operations resulting in a significant decline in Operating profit mainly driven by same-store sales declines and temporary store closures. While the lingering effects of the pandemic continue to impact our operations, the Company reported substantial year-over-year growth in the first quarter of 2021, as the Company began to lap prior year periods that were impacted by COVID-19. Operating profit for the quarters ended March 31, 2021 and 2020 was $342 million and $97 million, respectively. Fujian Sunner Development Co., Ltd. (“Sunner”) Investment In the first quarter of 2021, the Company acquired a 5% equity interest in Sunner, a Shenzhen Stock Exchange listed company, for a total consideration of approximately $261 million. Sunner is China’s largest white-feathered chicken producer and the Company’s largest poultry supplier. 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 Sunner is determined based on the closing market price for the shares at the end of each reporting period. The related unrealized loss of $17 million was included in Investment loss in our Condensed Consolidated Statements of Income for the quarter ended March 31, 2021. 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 HKEX in September 2018. In the second quarter of 2020, the Company sold 4.2 million of the ordinary shares of Meituan for proceeds of approximately $54 million, and realized a $17 million pre-tax gain which was recognized during the holding period. 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. The fair value change, to the extent the closing market price of shares of Meituan as of the end of reporting period is higher than our cost, is subject to U.S. tax. The related unrealized gain of $1 million and unrealized loss of $8 million was included in Investment gain or loss in our Condensed Consolidated Statements of Income for the quarters ended March 31, 2021 and 2020, respectively. Store Impairment Charges We recorded store impairment charges of $3 million and $12 million for the quarters ended March 31, 2021 and 2020, respectively. In the first quarter of 2020, we considered the adverse economic effects of the COVID-19 pandemic an impairment indicator, and performed an additional impairment evaluation for long-lived assets of restaurants. As a result of the evaluation, we recorded a restaurant-level impairment charge of $9 million in the first quarter of 2020. See Note 11 for additional information.

Other Income, Net

Other Income, Net	3 Months Ended
	Mar. 31, 2021
Other Income And Expenses [Abstract]
Other Income, Net	Note 7 – Other Income, net Quarter Ended 3/31/2021 3/31/2020 Equity income from investments in unconsolidated affiliates $ 17 $ 20 Amortization of reacquired franchise right (a) (9 ) (3 ) Foreign exchange impact and other (2 ) (1 ) Other income, net $ 6 $ 16 (a) Increase in amortization of reacquired franchise right resulted from the acquisition of Suzhou KFC as disclosed in Note 1, with $61

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	3 Months Ended
	Mar. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Note 8 – Supplemental Balance Sheet Information Accounts Receivable, net 3/31/2021 12/31/2020 Accounts receivable, gross $ 104 $ 100 Allowance for doubtful accounts (2 ) (1 ) Accounts receivable, net $ 102 $ 99 Prepaid Expenses and Other Current Assets 3/31/2021 12/31/2020 Receivables from payment processors and aggregators $ 23 $ 47 Dividends receivable from unconsolidated affiliates 54 10 Other prepaid expenses and current assets 122 119 Prepaid expenses and other current assets $ 199 $ 176 Property, Plant and Equipment 3/31/2021 12/31/2020 Buildings and improvements $ 2,424 $ 2,367 Finance leases, primarily buildings 37 36 Machinery and equipment, and construction in progress 1,473 1,490 Property, plant and equipment, gross 3,934 3,893 Accumulated depreciation (2,185 ) (2,128 ) Property, plant and equipment, net $ 1,749 $ 1,765 Other Assets 3/31/2021 12/31/2020 VAT assets $ 271 $ 270 Land use right 138 140 Investment in equity securities (a) 405 160 Long-term deposits 87 83 Investment in long-term time deposits (b) 63 61 Costs to obtain contracts 8 9 Others 26 26 Other Assets $ 998 $ 749 Accounts Payable and Other Current Liabilities 3/31/2021 12/31/2020 Accounts payable $ 571 $ 708 Operating leases liabilities 440 448 Accrued compensation and benefits 197 238 Contract liabilities 172 175 Accrued capital expenditures 151 203 Accrued marketing expenses 94 73 Other current liabilities 175 150 Accounts payable and other current liabilities $ 1,800 $ 1,995 Other Liabilities 3/31/2021 12/31/2020 Accrued income tax payable $ 63 $ 66 Contract liabilities 32 31 Other non-current liabilities 70 70 Other liabilities $ 165 $ 167 (a) Increase in investment in equity securities balance as of March 31, 2021 primarily resulted from investment in equity securities of Sunner in the first quarter of 2021. See Note 6 for additional information. (b) As of March 31, 2021 and December 31, 2020, the Company had $63 million and $61 million invested in long-term time deposits, bearing a fixed interest rate with original maturity of three years. The asset is restricted for use in order to secure the balance of prepaid stored-value cards issued by the Company pursuant to regulatory requirements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2021
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, 2020 Goodwill, gross $ 1,223 $ 748 $ 20 $ 455 Accumulated impairment losses (a) (391 ) — — (391 ) Goodwill, net 832 748 20 64 Effect of currency translation adjustment (3 ) (3 ) — — Balance as of March 31, 2021 Goodwill, gross 1,220 745 20 455 Accumulated impairment losses (a) (391 ) — — (391 ) Goodwill, net $ 829 $ 745 $ 20 $ 64 ( a ) Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia. Intangible assets, net as of March 31, 2021 and December 31, 2020 are as follows: 3/31/2021 12/31/2020 Gross Carrying Amount (a) Accumulated Amortization Accumulated Impairment Losses (b) Net Carrying Amount Gross Carrying Amount Accumulated Amortization Accumulated Impairment Losses (b) Net Carrying Amount Finite-lived intangible assets Reacquired franchise rights $ 222 $ (153 ) $ — $ 69 $ 223 $ (144 ) $ — $ 79 Huang Ji Huang franchise related assets 23 (1 ) — 22 23 (1 ) — 22 Daojia platform 16 (4 ) (12 ) — 16 (4 ) (12 ) — Customer-related assets 12 (9 ) (2 ) 1 12 (8 ) (2 ) 2 Others 9 (4 ) — 5 9 (4 ) — 5 $ 282 $ (171 ) $ (14 ) $ 97 $ 283 $ (161 ) $ (14 ) $ 108 Indefinite-lived intangible assets Little Sheep trademark $ 55 $ — $ — $ 55 $ 56 $ — $ — $ 56 Huang Ji Huang trademark 82 — — 82 82 — — 82 $ 137 $ — $ — $ 137 $ 138 $ — $ — $ 138 Total intangible assets $ 419 $ (171 ) $ (14 ) $ 234 $ 421 $ (161 ) $ (14 ) $ 246 (a) Changes in gross carrying amount include effect of currency translation adjustment. (b) Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform. Amortization expense of finite-lived intangible assets was $10 million and $3 million for the quarters ended March 31, 2021 and 2020, respectively. As of March 31, 2021, expected amortization expense for the unamortized finite-lived intangible assets is approximately $31 million for the remainder of 2021, $41 million in 2022, $4 million in 2023, $2 million in 2024 and $2 million in 2025.

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	Note 10 – Leases As of March 31, 2021, we operated over 8,300 Company-owned restaurants, leasing the underlying land and/or building. We generally enter into lease agreements for our restaurants 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; or (iii) a percentage of the restaurant’s sales. 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. In limited cases, we sub-lease 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 the restaurant’s annual sales. Income from sub-lease 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. Supplemental Balance Sheet 3/31/2021 12/31/2020 Account Classification Assets Operating lease right-of-use assets $ 2,140 $ 2,164 Operating lease right-of-use assets Finance lease right-of-use assets 20 20 Property, plant and equipment, net Total leased assets $ 2,160 $ 2,184 Liabilities Current Operating lease liabilities $ 440 $ 448 Accounts payable and other current liabilities Finance lease liabilities 2 2 Accounts payable and other current liabilities Non-current Operating lease liabilities 1,882 1,915 Non-current operating lease liabilities Finance lease liabilities 28 28 Non-current finance lease liabilities Total lease liabilities $ 2,352 $ 2,393 Summary of Lease Cost Quarter Ended 3/31/2021 3/31/2020 Account Classification Operating lease cost $ 136 $ 121 Occupancy and other operating expenses, G&A or Franchise expenses Finance lease cost Amortization of leased assets 1 1 Occupancy and other operating expenses Variable lease cost (a) 95 49 Occupancy and other operating expenses or Franchise expenses Short-term lease cost 2 3 Occupancy and other operating expenses or G&A Sub-lease income (8 ) (6 ) Franchise fees and income or Other revenues Total lease cost $ 226 $ 168 (a) In the first quarter of 2021 and 2020, the Company was granted $5 million and $14 million, respectively, in lease concessions from landlords related to the effects of the COVID-19 pandemic. The lease concessions were primarily in the form of rent reduction over the period of time when the Company’s restaurant business was adversely impacted. The Company applied the interpretive guidance in a FASB staff Q&A document issued in April 2020 and elected: (1) not to evaluate whether a concession received in response to the COVID-19 pandemic is a lease modification and (2) to assume such concession was contemplated as part of the existing lease contract with no contract modification. Such concession was recognized as negative variable lease cost in the period the concession was granted. Supplemental Cash Flow Information Quarter Ended 3/31/2021 3/31/2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 144 107 Financing cash flows from finance leases 1 1 Right-of-use assets obtained in exchange for new lease liabilities (b) Operating leases 78 32 (b) This supplemental non-cash disclosure for right-of-use (“ROU”) assets obtained in exchange for new lease liabilities also includes non-cash transactions resulting in adjustments to the lease liability or ROU asset due to modification or other reassessment events. Lease Term and Discount Rate 3/31/2021 3/31/2020 Weighted-average remaining lease term (years) Operating leases 6.9 6.9 Finance leases 10.9 11.3 Weighted-average discount rate Operating leases 5.8 % 6.0 % Finance leases 5.8 % 5.9 % Summary of Future Lease Payments and Lease Liabilities Maturities of lease liabilities as of March 31, 2021 were as follows: Amount of Operating Leases Amount of Finance Leases Total Remainder of 2021 $ 434 $ 3 $ 437 2022 484 4 488 2023 420 4 424 2024 354 4 358 2025 293 4 297 Thereafter 854 22 876 Total undiscounted lease payment 2,839 41 2,880 Less: imputed interest (c) 517 11 528 Present value of lease liabilities $ 2,322 $ 30 $ 2,352 (c) As of March 31, 2021, we have additional lease agreements that have been signed but not yet commenced, with total undiscounted minimum lease payments of $164 million. These leases will commence between the second quarter of 2021 and 2023 with lease terms of 1 year to 20 years.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	Note 11 – Fair Value Measurements The Company’s financial assets and liabilities primarily consist of cash and cash equivalents, short-term investments, long-term time deposits, accounts receivable, accounts payable and lease liabilities, 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 and Sunner at fair value, which is determined based on the respective 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, long-term time deposits 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 quarters ended March 31, 2021 and 2020. Fair Value Measurement or Disclosure at March 31, 2021 Balance at March 31, 2021 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 410 $ 410 Fixed income debt securities (a) 70 70 Total cash equivalents 480 — 480 — Short-term investments: Time deposits 2,058 2,058 Fixed income debt securities (a) 800 800 Structured deposits (b) 168 168 Total short-term investments 3,026 — 3,026 — Other assets: Investment in equity securities 405 405 Long-term time deposits 63 63 Total $ 3,974 $ 405 $ 3,569 $ — Fair Value Measurement or Disclosure at December 31, 2020 Balance at December 31, 2020 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 601 $ 601 Fixed income debt securities (a) 207 207 Total cash equivalents 808 207 601 — Short-term investments: Time deposits 2,165 2,165 Fixed income debt securities (a) 784 104 680 Variable return investments 156 156 Total short-term investments 3,105 260 2,845 — Other assets: Investment in equity securities 160 160 Long-term time deposits 61 61 Total $ 4,134 $ 627 $ 3,507 $ — (a) Classified as held-to-maturity investments and measured at amortized cost. (b) Represented certain structured deposits invested in the first quarter of 2021. These investments are principal-protected and provide returns in the form of both fixed and variable interests. Such variable interest rates indexed to gold prices or foreign exchange rates are considered embedded derivatives and bifurcated from host contracts, and measured at fair value on a recurring basis. The fair value change of the embedded derivatives is recorded in Investment gain or loss in our Condensed Consolidated Statements of Income . The r emaining host contracts to receive guaranteed principal and fixed interest are measured at amortized cost, with accretion of interest recorded in Interest income in our Condensed Consolidated Statements of Income. As of March 31, 2021, the fair value of embedded derivatives included in Short-term investments was immaterial. Non-Recurring Fair Value Measurements In addition, certain of the Company’s restaurant-level assets (including operating lease ROU assets, property, plant and equipment), goodwill and intangible assets, are measured at fair value based on unobservable inputs (Level 3) on a non-recurring basis, if determined to be impaired. In determining the fair value of restaurant-level assets, the Company considered the highest and best use of the assets from market participants’ perspective, which is represented by the higher of the forecasted discounted cash flows from operating restaurants and the price market participants would pay to sub-lease the ROU assets and acquire remaining restaurants assets, even if that use differs from the current use by the Company. The after-tax cash flows incorporate reasonable assumptions we believe a franchisee would make, such as sales growth, and include a deduction for royalties we would receive under a franchise agreement with terms substantially at market. The discount rate used in the fair value calculation is our estimate of the required rate-of-return that a franchisee would expect to receive when purchasing a similar restaurant and the related long-lived assets. In situations where the highest and best use of restaurant-level assets are represented by sub-leasing the operating lease ROU assets and acquiring remaining restaurant assets, the Company continues to use these assets in operating its restaurant business, which is consistent with its long-term strategy of growing revenue through operating restaurant concepts. As of each relevant measurement date, the fair value of restaurant-level assets, if determined to be impaired, are primarily represented by the price market participant would pay to sub-lease the operating lease ROU assets and acquire remaining restaurants assets, which reflects the highest and best use of the assets. Significant unobservable inputs used in the fair value measurement include market rental prices, which were determined with the assistance of an independent valuation specialist. The direct comparison approach is used as the valuation technique by assuming sub-lease of each of these properties in its existing state with vacant possession. By making reference to lease transactions as available in the relevant market, comparable properties in close proximity have been selected and adjustments have been made to account for the difference in factors such as location and property size. The following table presents amounts recognized from all non-recurring fair value measurements based on unobservable inputs (Level 3) during the quarters ended March 31, 2021 and 2020. These amounts exclude fair value measurements made for restaurants that were subsequently closed or refranchised prior to those respective period-end dates. Quarter Ended 3/31/2021 3/31/2020 Account Classification Restaurant-level impairment (a) $ — $ 9 Closure and impairment expenses, net Total $ — $ 9 (a) Restaurant-level impairment charges are recorded in Closures and impairment expenses, net and resulted primarily from our semi-annual impairment evaluation of long-lived assets of individual restaurants that were being operated at the time of impairment and had not been offered for refranchising. We performed an additional impairment evaluation in the first quarter of 2020, considering the adverse effects of the COVID-19 pandemic as an impairment indicator. The fair value of assets as of the relevant measurement date, after considering the impairment charges recorded during the quarter ended March 31, 2020, was $29 million.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 – Income Taxes Quarter Ended 3/31/2021 3/31/2020 Income tax provision $ 102 $ 32 Effective tax rate 29.6 % 32.7 % The lower effective tax rate for the quarter ended March 31, 2021 was primarily due to impact from our investment in equity securities of Meituan, and lower estimated repatriation of earnings outside of China subject to foreign withholding tax In December 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Tax Act”), which included a broad range of tax reforms. The requires a U.S. shareholder to be subject to tax on Global Intangible Low Taxed Income (" 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. We are subject to reviews, examinations and audits by Chinese tax authorities, the Internal Revenue Service and other tax authorities with respect to income and non-income based taxes. Since 2016, we have been under a national audit on transfer pricing by the Chinese State Taxation Administration (“

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	Note 13 –Segment Reporting We have two reportable segments: KFC and Pizza Hut. Our remaining non-reportable operating segments, including the operations of Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell, Lavazza, Daojia and our e-commerce business, are combined and referred to as All Other Segments, as these operating segments are insignificant both individually and in aggregate. Quarter Ended 3/31/2021 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,832 $ 541 $ 53 $ 131 2,557 $ — $ 2,557 Inter-segment revenue — — 25 — 25 (25 ) — Total $ 1,832 $ 541 $ 78 $ 131 $ 2,582 $ (25 ) $ 2,557 Quarter Ended 3/31/2020 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,269 $ 324 $ 21 $ 140 1,754 $ — $ 1,754 Inter-segment revenue — — 7 — 7 (7 ) — Total $ 1,269 $ 324 $ 28 $ 140 $ 1,761 $ (7 ) $ 1,754 Quarter Ended Operating Profit (Loss) 3/31/2021 3/31/2020 KFC (b) $ 327 $ 153 Pizza Hut 60 (28 ) All Other Segments (3 ) (10 ) Unallocated revenues from transactions with franchisees and unconsolidated affiliates (c) 129 139 Unallocated Other revenues 2 1 Unallocated expenses from transactions with franchisees and unconsolidated affiliates (c) (129 ) (135 ) Unallocated Other operating costs and expenses (3 ) (1 ) Unallocated and corporate G&A expenses (41 ) (21 ) Unallocated Other expenses — (1 ) Operating Profit $ 342 $ 97 Interest income, net (a) 15 9 Investment loss (a) (12 ) (8 ) Income Before Income Taxes $ 345 $ 98 Quarter Ended Impairment Charges 3/31/2021 3/31/2020 KFC (d) $ 2 $ 4 Pizza Hut (d) 1 6 All Other Segments (d) — 2 $ 3 $ 12 Total Assets 3/31/2021 12/31/2020 KFC (e) $ 4,056 $ 4,084 Pizza Hut 888 906 All Other Segments 379 378 Corporate and Unallocated (f) 5,514 5,507 $ 10,837 $ 10,875 (a) Amounts have not been allocated to any segment for performance reporting purposes. (b) Includes equity income from investments in unconsolidated affiliates of $19 million and $20 million for the quarters ended March 31, 2021 and 2020, respectively. (c) Primarily includes revenues and associated expenses of transactions with franchisees 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 them to KFC and Pizza Hut 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 store closure impairment charges, restaurant-level impairment charges resulting from our semi-annual impairment evaluation as well as our additional impairment evaluation performed in the first quarter of 2020 in response to adverse impact from the COVID-19 pandemic. See Note 11. ( e ) Includes investments in unconsolidated affiliates. ( f ) Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, long-term time deposits and inventories that are centrally managed.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Contingencies	Note 14 – Contingencies Indemnification of China Tax on Indirect Transfers of Assets In February 2015, the STA 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 pro rata distribution of all outstanding shares of Yum China common stock to shareholders of YUM in connection with the separation (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 a 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 for Franchisees and Unconsolidated Affiliates From time to time we have guaranteed certain lines of credit and loans of franchisees and unconsolidated affiliates. As of March 31, 2021, no guarantees were outstanding for unconsolidated affiliates and franchisees. Legal Proceedings The Company is subject to various lawsuits covering a variety of allegations from time to time. 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
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 15 – Subsequent Events On April 27, 2021, the Company announced that the Board of Directors declared a cash dividend of $0.12 per share on Yum China's common stock, payable as of the close of business on June 18, 2021, to stockholders of record as of the close of business on May 25, 2021. Total estimated cash dividend payable is approximately $50 million.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Tax (Topic 740), Simplifying the Accounting for Income Taxes We adopted the standard on January 1, 2021 and such adoption did not have a material impact on our financial statements. In January 2020, the FASB issued ASU 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815 We adopted the standard on January 1, 2021 and such adoption did not have a material impact on our financial statements. In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities We adopted the standard on January 1, 2021 and such adoption did not have a material impact on our financial statements.
Revenue Recognition	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 either used our dedicated riders or third-party aggregators’ delivery staff in the past. 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. Starting in 2019, we use our own dedicated riders to deliver orders placed through aggregators’ platforms to customers of KFC and Pizza Hut stores. 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 programs offer privilege members rights to multiple benefits, such as free delivery and discounts on certain products. For certain KFC and Pizza Hut privilege membership programs offering a pre-defined amount of benefits that can be redeemed ratably over the membership period, revenue is ratably recognized over the period based on the elapse of time. With respect to the KFC and Pizza Hut family privilege membership program offering members a mix of distinct benefits, including a welcome gift and assorted discount coupons with pre-defined quantities, consideration collected is allocated to the benefits provided based on their relative standalone selling price and revenue is recognized when food or services are delivered or the benefits expire. In determining the relative standalone selling price of the benefits, the Company considers likelihood of future redemption based on historical redemption pattern and reviews such estimates periodically based upon the latest available information regarding redemption and expiration patterns. Franchise Fees and Income Franchise fees and income primarily include upfront franchise fees, such as initial fees and renewal fees, and continuing fees. We have determined that the services we provide in exchange for upfront franchise fees and continuing fees are highly interrelated with the franchise right. We recognize upfront franchise 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 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. In addition, the Company owns seasoning facilities for its Chinese dining business unit, which manufacture and sell seasoning products to Huang Ji Huang and Little Sheep franchisees. 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 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 and reviews such estimates periodically based upon the latest available information regarding redemption and expiration patterns . Accounts Receivable Accounts receivable primarily 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 of credit losses for accounts receivable is based upon the current expected credit losses (“CECL”) model. The CECL model requires an estimate of the credit losses expected over the life of accounts receivable since initial recognition, and accounts receivable with similar risk characteristics are grouped together when estimating CECL. In assessing the CECL, the Company considers both quantitative and qualitative information that is reasonable and supportable, including historical credit loss experience, adjusted for relevant factors impacting collectability and forward-looking information indicative of external market conditions. 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. Accounts receivable that are ultimately deemed to be uncollectible, and for which collection efforts have been exhausted, are written off against the allowance for doubtful accounts. As of March 31, 2021 and December 31, 2020, the ending balances of provision for accounts receivable were $2 million and $1 million, respectively, and amounts of accounts receivable past due were immaterial. Receivables due from unconsolidated affiliates, including accounts receivable and dividend receivables, were $96 million and $50 million as of March 31, 2021 and December 31, 2020, respectively. Costs to Obtain Contracts Costs to obtain contracts consist of upfront franchise 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, privilege membership programs 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 $8 million and $9 million at March 31, 2021 and December 31, 2020, respectively.
Fair Value Measurements and Disclosures	(b) Represented certain structured deposits invested in the first quarter of 2021. These investments are principal-protected and provide returns in the form of both fixed and variable interests. Such variable interest rates indexed to gold prices or foreign exchange rates are considered embedded derivatives and bifurcated from host contracts, and measured at fair value on a recurring basis. The fair value change of the embedded derivatives is recorded in Investment gain or loss in our Condensed Consolidated Statements of Income . The r emaining host contracts to receive guaranteed principal and fixed interest are measured at amortized cost, with accretion of interest recorded in Interest income in our Condensed Consolidated Statements of Income. As of March 31, 2021, the fair value of embedded derivatives included in Short-term investments was immaterial. Non-Recurring Fair Value Measurements In addition, certain of the Company’s restaurant-level assets (including operating lease ROU assets, property, plant and equipment), goodwill and intangible assets, are measured at fair value based on unobservable inputs (Level 3) on a non-recurring basis, if determined to be impaired. In determining the fair value of restaurant-level assets, the Company considered the highest and best use of the assets from market participants’ perspective, which is represented by the higher of the forecasted discounted cash flows from operating restaurants and the price market participants would pay to sub-lease the ROU assets and acquire remaining restaurants assets, even if that use differs from the current use by the Company. The after-tax cash flows incorporate reasonable assumptions we believe a franchisee would make, such as sales growth, and include a deduction for royalties we would receive under a franchise agreement with terms substantially at market. The discount rate used in the fair value calculation is our estimate of the required rate-of-return that a franchisee would expect to receive when purchasing a similar restaurant and the related long-lived assets. In situations where the highest and best use of restaurant-level assets are represented by sub-leasing the operating lease ROU assets and acquiring remaining restaurant assets, the Company continues to use these assets in operating its restaurant business, which is consistent with its long-term strategy of growing revenue through operating restaurant concepts. As of each relevant measurement date, the fair value of restaurant-level assets, if determined to be impaired, are primarily represented by the price market participant would pay to sub-lease the operating lease ROU assets and acquire remaining restaurants assets, which reflects the highest and best use of the assets. Significant unobservable inputs used in the fair value measurement include market rental prices, which were determined with the assistance of an independent valuation specialist. The direct comparison approach is used as the valuation technique by assuming sub-lease of each of these properties in its existing state with vacant possession. By making reference to lease transactions as available in the relevant market, comparable properties in close proximity have been selected and adjustments have been made to account for the difference in factors such as location and property size.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
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 3/31/2021 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated Combined Elimination Consolidated Company sales $ 1,783 $ 538 $ 10 $ — $ 2,331 $ — $ 2,331 Franchise fees and income 33 2 7 — 42 — 42 Revenues from transactions with franchisees and unconsolidated affiliates 15 1 26 129 171 — 171 Other revenues 1 — 35 2 38 (25 ) 13 Total revenues $ 1,832 $ 541 $ 78 $ 131 $ 2,582 $ (25 ) $ 2,557 Quarter Ended 3/31/2020 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated Combined Elimination Consolidated Company sales $ 1,220 $ 322 $ 6 $ — $ 1,548 $ — $ 1,548 Franchise fees and income 33 1 1 — 35 — 35 Revenues from transactions with franchisees and unconsolidated affiliates 16 1 5 139 161 — 161 Other revenues — — 16 1 17 (7 ) 10 Total revenues $ 1,269 $ 324 $ 28 $ 140 $ 1,761 $ (7 ) $ 1,754
Contract Liabilities	Contract liabilities at March 31, 2021 and December 31, 2020 were as follows: Contract liabilities 3/31/2021 12/31/2020 - Deferred revenue related to prepaid stored-value products $ 117 $ 117 - Deferred revenue related to upfront franchise fees 39 38 - Deferred revenue related to customer loyalty programs 26 23 - Deferred revenue related to privilege membership programs 21 27 - Others 1 1 Total $ 204 $ 206

Earnings Per Common Share ("E_2

Earnings Per Common Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2021
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 3/31/2021 3/31/2020 Net Income – Yum China Holdings, Inc. $ 230 $ 62 Weighted-average common shares outstanding (for basic calculation) (a) 420 376 Effect of dilutive share-based awards (a) 6 6 Effect of dilutive warrants (b) 8 4 Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) (a) 434 386 Basic Earnings Per Common Share $ 0.55 $ 0.16 Diluted Earnings Per Common Share $ 0.53 $ 0.16 Share-based awards excluded from the diluted EPS computation (c) 2 3 (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 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 incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding. (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 initially providing the right to purchase 8,200,405 shares of Yum China common stock, at an initial 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 incremental shares arising from 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 periods exceeds the applicable exercise price of the warrants. (c) These outstanding stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance stock units (“PSUs”) were excluded from the computation of diluted EPS because to do so would have been antidilutive for the quarters presented, or because certain PSUs are contingently issuable based on the achievement of performance and market conditions, which have not been met as of March 31, 2021 and 2020.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2021
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 Income (Loss) Shares* Amount Interests Equity Interest Balance at December 31, 2020 440 $ 4 $ 4,658 $ 2,105 $ 167 (20 ) $ (728 ) $ 253 $ 6,459 $ 12 Net Income 230 13 243 — Foreign currency translation adjustments (17 ) (1 ) (18 ) — Comprehensive income 225 — Cash dividends declared ($0.12 per common share) (50 ) (50 ) Dividends declared (39 ) (39 ) Exercise and vesting of share-based awards — — (4 ) (4 ) Share-based compensation 10 10 Balance at March 31, 2021 440 $ 4 $ 4,664 $ 2,285 $ 150 (20 ) $ (728 ) $ 226 $ 6,601 $ 12 Balance at December 31, 2019 395 $ 4 $ 2,427 $ 1,416 $ (49 ) (19 ) $ (721 ) $ 98 $ 3,175 $ — Net Income 62 4 66 — Foreign currency translation adjustments (40 ) (2 ) (42 ) — Comprehensive income 24 — Cash dividends declared ($0.12 per common share) (45 ) (45 ) Repurchase of shares of common stock — (7 ) (7 ) Exercise and vesting of share-based awards 1 — — — Share-based compensation 7 7 Balance at March 31, 2020 396 $ 4 $ 2,434 $ 1,433 $ (89 ) (20 ) $ (728 ) $ 100 $ 3,154 $ — *: Shares may not add due to rounding.

Other Income, Net (Tables)

Other Income, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Other Income And Expenses [Abstract]
Other Income, Net	Quarter Ended 3/31/2021 3/31/2020 Equity income from investments in unconsolidated affiliates $ 17 $ 20 Amortization of reacquired franchise right (a) (9 ) (3 ) Foreign exchange impact and other (2 ) (1 ) Other income, net $ 6 $ 16 (a) Increase in amortization of reacquired franchise right resulted from the acquisition of Suzhou KFC as disclosed in Note 1, with $61

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	3 Months Ended
	Mar. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Accounts Receivable, Net	Accounts Receivable, net 3/31/2021 12/31/2020 Accounts receivable, gross $ 104 $ 100 Allowance for doubtful accounts (2 ) (1 ) Accounts receivable, net $ 102 $ 99
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets 3/31/2021 12/31/2020 Receivables from payment processors and aggregators $ 23 $ 47 Dividends receivable from unconsolidated affiliates 54 10 Other prepaid expenses and current assets 122 119 Prepaid expenses and other current assets $ 199 $ 176
Property, Plant and Equipment	Property, Plant and Equipment 3/31/2021 12/31/2020 Buildings and improvements $ 2,424 $ 2,367 Finance leases, primarily buildings 37 36 Machinery and equipment, and construction in progress 1,473 1,490 Property, plant and equipment, gross 3,934 3,893 Accumulated depreciation (2,185 ) (2,128 ) Property, plant and equipment, net $ 1,749 $ 1,765
Accounts Payable and Other Current Liabilities	Other Assets 3/31/2021 12/31/2020 VAT assets $ 271 $ 270 Land use right 138 140 Investment in equity securities (a) 405 160 Long-term deposits 87 83 Investment in long-term time deposits (b) 63 61 Costs to obtain contracts 8 9 Others 26 26 Other Assets $ 998 $ 749 Accounts Payable and Other Current Liabilities 3/31/2021 12/31/2020 Accounts payable $ 571 $ 708 Operating leases liabilities 440 448 Accrued compensation and benefits 197 238 Contract liabilities 172 175 Accrued capital expenditures 151 203 Accrued marketing expenses 94 73 Other current liabilities 175 150 Accounts payable and other current liabilities $ 1,800 $ 1,995 (a) Increase in investment in equity securities balance as of March 31, 2021 primarily resulted from investment in equity securities of Sunner in the first quarter of 2021. See Note 6 for additional information. (b) As of March 31, 2021 and December 31, 2020, the Company had $63 million and $61 million invested in long-term time deposits, bearing a fixed interest rate with original maturity of three years. The asset is restricted for use in order to secure the balance of prepaid stored-value cards issued by the Company pursuant to regulatory requirements.
Other Liabilities and Deferred Credits	Other Liabilities 3/31/2021 12/31/2020 Accrued income tax payable $ 63 $ 66 Contract liabilities 32 31 Other non-current liabilities 70 70 Other liabilities $ 165 $ 167

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2020 Goodwill, gross $ 1,223 $ 748 $ 20 $ 455 Accumulated impairment losses (a) (391 ) — — (391 ) Goodwill, net 832 748 20 64 Effect of currency translation adjustment (3 ) (3 ) — — Balance as of March 31, 2021 Goodwill, gross 1,220 745 20 455 Accumulated impairment losses (a) (391 ) — — (391 ) Goodwill, net $ 829 $ 745 $ 20 $ 64 ( a ) Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia.
Schedule of Finite and Indefinite Lived Intangible Assets by Major Class	Intangible assets, net as of March 31, 2021 and December 31, 2020 are as follows: 3/31/2021 12/31/2020 Gross Carrying Amount (a) Accumulated Amortization Accumulated Impairment Losses (b) Net Carrying Amount Gross Carrying Amount Accumulated Amortization Accumulated Impairment Losses (b) Net Carrying Amount Finite-lived intangible assets Reacquired franchise rights $ 222 $ (153 ) $ — $ 69 $ 223 $ (144 ) $ — $ 79 Huang Ji Huang franchise related assets 23 (1 ) — 22 23 (1 ) — 22 Daojia platform 16 (4 ) (12 ) — 16 (4 ) (12 ) — Customer-related assets 12 (9 ) (2 ) 1 12 (8 ) (2 ) 2 Others 9 (4 ) — 5 9 (4 ) — 5 $ 282 $ (171 ) $ (14 ) $ 97 $ 283 $ (161 ) $ (14 ) $ 108 Indefinite-lived intangible assets Little Sheep trademark $ 55 $ — $ — $ 55 $ 56 $ — $ — $ 56 Huang Ji Huang trademark 82 — — 82 82 — — 82 $ 137 $ — $ — $ 137 $ 138 $ — $ — $ 138 Total intangible assets $ 419 $ (171 ) $ (14 ) $ 234 $ 421 $ (161 ) $ (14 ) $ 246 (a) Changes in gross carrying amount include effect of currency translation adjustment. (b) Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Summary of Supplemental Balance Sheet	Supplemental Balance Sheet 3/31/2021 12/31/2020 Account Classification Assets Operating lease right-of-use assets $ 2,140 $ 2,164 Operating lease right-of-use assets Finance lease right-of-use assets 20 20 Property, plant and equipment, net Total leased assets $ 2,160 $ 2,184 Liabilities Current Operating lease liabilities $ 440 $ 448 Accounts payable and other current liabilities Finance lease liabilities 2 2 Accounts payable and other current liabilities Non-current Operating lease liabilities 1,882 1,915 Non-current operating lease liabilities Finance lease liabilities 28 28 Non-current finance lease liabilities Total lease liabilities $ 2,352 $ 2,393
Summary of Lease Cost	Summary of Lease Cost Quarter Ended 3/31/2021 3/31/2020 Account Classification Operating lease cost $ 136 $ 121 Occupancy and other operating expenses, G&A or Franchise expenses Finance lease cost Amortization of leased assets 1 1 Occupancy and other operating expenses Variable lease cost (a) 95 49 Occupancy and other operating expenses or Franchise expenses Short-term lease cost 2 3 Occupancy and other operating expenses or G&A Sub-lease income (8 ) (6 ) Franchise fees and income or Other revenues Total lease cost $ 226 $ 168 (a) In the first quarter of 2021 and 2020, the Company was granted $5 million and $14 million, respectively, in lease concessions from landlords related to the effects of the COVID-19 pandemic. The lease concessions were primarily in the form of rent reduction over the period of time when the Company’s restaurant business was adversely impacted. The Company applied the interpretive guidance in a FASB staff Q&A document issued in April 2020 and elected: (1) not to evaluate whether a concession received in response to the COVID-19 pandemic is a lease modification and (2) to assume such concession was contemplated as part of the existing lease contract with no contract modification. Such concession was recognized as negative variable lease cost in the period the concession was granted.
Schedule of Supplemental Cash Flow Information	Supplemental Cash Flow Information Quarter Ended 3/31/2021 3/31/2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 144 107 Financing cash flows from finance leases 1 1 Right-of-use assets obtained in exchange for new lease liabilities (b) Operating leases 78 32 (b) This supplemental non-cash disclosure for right-of-use (“ROU”) assets obtained in exchange for new lease liabilities also includes non-cash transactions resulting in adjustments to the lease liability or ROU asset due to modification or other reassessment events.
Schedule of Lease Terms and Discount Rate	Lease Term and Discount Rate 3/31/2021 3/31/2020 Weighted-average remaining lease term (years) Operating leases 6.9 6.9 Finance leases 10.9 11.3 Weighted-average discount rate Operating leases 5.8 % 6.0 % Finance leases 5.8 % 5.9 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities as of March 31, 2021 were as follows: Amount of Operating Leases Amount of Finance Leases Total Remainder of 2021 $ 434 $ 3 $ 437 2022 484 4 488 2023 420 4 424 2024 354 4 358 2025 293 4 297 Thereafter 854 22 876 Total undiscounted lease payment 2,839 41 2,880 Less: imputed interest (c) 517 11 528 Present value of lease liabilities $ 2,322 $ 30 $ 2,352 (c)

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2021
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, long-term time deposits 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 quarters ended March 31, 2021 and 2020 Fair Value Measurement or Disclosure at March 31, 2021 Balance at March 31, 2021 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 410 $ 410 Fixed income debt securities (a) 70 70 Total cash equivalents 480 — 480 — Short-term investments: Time deposits 2,058 2,058 Fixed income debt securities (a) 800 800 Structured deposits (b) 168 168 Total short-term investments 3,026 — 3,026 — Other assets: Investment in equity securities 405 405 Long-term time deposits 63 63 Total $ 3,974 $ 405 $ 3,569 $ — Fair Value Measurement or Disclosure at December 31, 2020 Balance at December 31, 2020 Level 1 Level 2 Level 3 Cash equivalents: Time deposits $ 601 $ 601 Fixed income debt securities (a) 207 207 Total cash equivalents 808 207 601 — Short-term investments: Time deposits 2,165 2,165 Fixed income debt securities (a) 784 104 680 Variable return investments 156 156 Total short-term investments 3,105 260 2,845 — Other assets: Investment in equity securities 160 160 Long-term time deposits 61 61 Total $ 4,134 $ 627 $ 3,507 $ — (a) Classified as held-to-maturity investments and measured at amortized cost. (b) Represented certain structured deposits invested in the first quarter of 2021. These investments are principal-protected and provide returns in the form of both fixed and variable interests. Such variable interest rates indexed to gold prices or foreign exchange rates are considered embedded derivatives and bifurcated from host contracts, and measured at fair value on a recurring basis. The fair value change of the embedded derivatives is recorded in Investment gain or loss in our Condensed Consolidated Statements of Income . The r emaining host contracts to receive guaranteed principal and fixed interest are measured at amortized cost, with accretion of interest recorded in Interest income in our Condensed Consolidated Statements of Income. As of March 31, 2021, the fair value of embedded derivatives included in Short-term investments was immaterial.
Schedule of Amounts Recognized From Non-recurring Fair Value Measurements	The following table presents amounts recognized from all non-recurring fair value measurements based on unobservable inputs (Level 3) during the quarters ended March 31, 2021 and 2020. These amounts exclude fair value measurements made for restaurants that were subsequently closed or refranchised prior to those respective period-end dates. Quarter Ended 3/31/2021 3/31/2020 Account Classification Restaurant-level impairment (a) $ — $ 9 Closure and impairment expenses, net Total $ — $ 9 (a) Restaurant-level impairment charges are recorded in Closures and impairment expenses, net and resulted primarily from our semi-annual impairment evaluation of long-lived assets of individual restaurants that were being operated at the time of impairment and had not been offered for refranchising. We performed an additional impairment evaluation in the first quarter of 2020, considering the adverse effects of the COVID-19 pandemic as an impairment indicator. The fair value of assets as of the relevant measurement date, after considering the impairment charges recorded during the quarter ended March 31, 2020, was $29 million.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax And Effective Tax Rate	Quarter Ended 3/31/2021 3/31/2020 Income tax provision $ 102 $ 32 Effective tax rate 29.6 % 32.7 %

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Quarter Ended 3/31/2021 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,832 $ 541 $ 53 $ 131 2,557 $ — $ 2,557 Inter-segment revenue — — 25 — 25 (25 ) — Total $ 1,832 $ 541 $ 78 $ 131 $ 2,582 $ (25 ) $ 2,557 Quarter Ended 3/31/2020 Revenues KFC Pizza Hut All Other Segments Corporate and Unallocated (a) Combined Elimination Consolidated Revenue from external customers $ 1,269 $ 324 $ 21 $ 140 1,754 $ — $ 1,754 Inter-segment revenue — — 7 — 7 (7 ) — Total $ 1,269 $ 324 $ 28 $ 140 $ 1,761 $ (7 ) $ 1,754 Quarter Ended Operating Profit (Loss) 3/31/2021 3/31/2020 KFC (b) $ 327 $ 153 Pizza Hut 60 (28 ) All Other Segments (3 ) (10 ) Unallocated revenues from transactions with franchisees and unconsolidated affiliates (c) 129 139 Unallocated Other revenues 2 1 Unallocated expenses from transactions with franchisees and unconsolidated affiliates (c) (129 ) (135 ) Unallocated Other operating costs and expenses (3 ) (1 ) Unallocated and corporate G&A expenses (41 ) (21 ) Unallocated Other expenses — (1 ) Operating Profit $ 342 $ 97 Interest income, net (a) 15 9 Investment loss (a) (12 ) (8 ) Income Before Income Taxes $ 345 $ 98 Quarter Ended Impairment Charges 3/31/2021 3/31/2020 KFC (d) $ 2 $ 4 Pizza Hut (d) 1 6 All Other Segments (d) — 2 $ 3 $ 12 Total Assets 3/31/2021 12/31/2020 KFC (e) $ 4,056 $ 4,084 Pizza Hut 888 906 All Other Segments 379 378 Corporate and Unallocated (f) 5,514 5,507 $ 10,837 $ 10,875 (a) Amounts have not been allocated to any segment for performance reporting purposes. (b) Includes equity income from investments in unconsolidated affiliates of $19 million and $20 million for the quarters ended March 31, 2021 and 2020, respectively. (c) Primarily includes revenues and associated expenses of transactions with franchisees 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 them to KFC and Pizza Hut 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 store closure impairment charges, restaurant-level impairment charges resulting from our semi-annual impairment evaluation as well as our additional impairment evaluation performed in the first quarter of 2020 in response to adverse impact from the COVID-19 pandemic. See Note 11. ( e ) Includes investments in unconsolidated affiliates. ( f ) Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, long-term time deposits and inventories that are centrally managed.

Description of Business - Narra

Description of Business - Narrative (Details) $ in Millions	Sep. 10, 2020USD ($)shares	Aug. 31, 2020USD ($)	Apr. 30, 2020USD ($)	Mar. 31, 2021Segment
Segment Reporting Information [Line Items]
Entity, date of incorporation				Apr. 1, 2016
Entity incorporation, state name				DE
Additional consecutive renewal terms of license agreement				50 years
Percentage of license fees on net sales				3.00%
Number of reportable segments | Segment				2
Global Offering [Member]
Segment Reporting Information [Line Items]
Global offering shares of common stock | shares	41,910,700
Net proceeds from global offering	$ 2,200
Huang Ji Huang Group [Member]
Segment Reporting Information [Line Items]
Percentage of additional equity interest acquired			93.30%
Cash consideration paid to acquire interest			$ 185
Suzhou KFC [Member]
Segment Reporting Information [Line Items]
Percentage of additional equity interest acquired		25.00%
Cash consideration paid to acquire interest		$ 149
Equity interest in acquiree, including subsequent acquisition, percentage		72.00%

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2021
Huang Ji Huang Group [Member]
Summary Of Significant Accounting Policies [Line Items]
Acquisition date	Apr. 8, 2020
Suzhou KFC [Member]
Summary Of Significant Accounting Policies [Line Items]
Acquisition date	Aug. 3, 2020

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
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
Provision for accounts receivable	$ 2		$ 1
Receivables due from unconsolidated affiliates including trade receivables and dividend receivables	96		50
Impairment losses related to costs to obtain contracts	0		0
Costs to obtain contracts	8		$ 9
Revenue recognized	$ 71	$ 38
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
Huang Ji Huang | Minimum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	3 years
Huang Ji Huang | 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, 2021	Mar. 31, 2020
Disaggregation Of Revenue [Line Items]
Total revenues		$ 2,557	$ 1,754
Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	[1]	131	140
Combined [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		2,582	1,761
Elimination [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		(25)	(7)
Elimination [Member] | All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		25	7
Operating Segments [Member] | KFC [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		1,832	1,269
Operating Segments [Member] | Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		541	324
Operating Segments [Member] | All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		78	28
Company Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2,331	1,548
Company Sales [Member] | KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1,783	1,220
Company Sales [Member] | Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues		538	322
Company Sales [Member] | All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		10	6
Company Sales [Member] | Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2,331	1,548
Franchise [Member]
Disaggregation Of Revenue [Line Items]
Revenues		42	35
Franchise [Member] | KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		33	33
Franchise [Member] | Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2	1
Franchise [Member] | All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		7	1
Franchise [Member] | Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		42	35
Transactions With Franchisees and Unconsolidated Affiliates [Member]
Disaggregation Of Revenue [Line Items]
Revenues		171	161
Transactions With Franchisees and Unconsolidated Affiliates [Member] | KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		15	16
Transactions With Franchisees and Unconsolidated Affiliates [Member] | Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1	1
Transactions With Franchisees and Unconsolidated Affiliates [Member] | All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		26	5
Transactions With Franchisees and Unconsolidated Affiliates [Member] | Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Revenues		129	139
Transactions With Franchisees and Unconsolidated Affiliates [Member] | Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		171	161
Other Revenues [Member]
Disaggregation Of Revenue [Line Items]
Revenues		13	10
Other Revenues [Member] | KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues		1
Other Revenues [Member] | All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues		35	16
Other Revenues [Member] | Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Revenues		2	1
Other Revenues [Member] | Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues		38	17
Other Revenues [Member] | Elimination [Member]
Disaggregation Of Revenue [Line Items]
Revenues		$ (25)	$ (7)
[1]	Amounts have not been allocated to any segment for performance reporting purposes.

Revenue Recognition - Contract

Revenue Recognition - Contract Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Contract liabilities
Contract liabilities	$ 204	$ 206
Deferred Revenue Related To Prepaid Stored Value Products [Member]
Contract liabilities
Contract liabilities	117	117
Deferred Revenue Related To Upfront Franchise Fees [Member]
Contract liabilities
Contract liabilities	39	38
Deferred Revenue Related To Customer Loyalty Programs [Member]
Contract liabilities
Contract liabilities	26	23
Deferred Revenue Related To Privilege Membership Programs [Member]
Contract liabilities
Contract liabilities	21	27
Others [Member]
Contract liabilities
Contract liabilities	$ 1	$ 1

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, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Income – Yum China Holdings, Inc.		$ 230	$ 62
Weighted-average common shares outstanding (for basic calculation)	[1]	420	376
Effect of dilutive share-based awards	[1]	6	6
Effect of dilutive warrants	[2]	8	4
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	[1]	434	386
Basic Earnings Per Common Share		$ 0.55	$ 0.16
Diluted Earnings Per Common Share		$ 0.53	$ 0.16
Share-based awards excluded from the diluted EPS computation	[3]	2	3
[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 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 incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding.
[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 initially providing the right to purchase 8,200,405 shares of Yum China common stock, at an initial 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 incremental shares arising from 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 periods exceeds the applicable exercise price of the warrants.
[3]	These outstanding stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance stock units (“PSUs”) were excluded from the computation of diluted EPS because to do so would have been antidilutive for the quarters presented, or because certain PSUs are contingently issuable based on the achievement of performance and market conditions, which have not been met as of March 31, 2021 and 2020.

Earnings Per Common Share ("E_4

Earnings Per Common Share ("EPS") (Parenthetical) (Details)	Jan. 09, 2017Tranche$ / sharesshares	Sep. 30, 2020shares
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	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	8,200,405
Exercise price of warrants | $ / shares	$ 39.25
Secondary Listing [Member]
Class Of Warrant Or Right [Line Items]
Global offering shares of common stock		41,910,700

Equity (Details)

Equity (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Class Of Stock [Line Items]
Beginning balance		$ 6,459	$ 3,175
Net Income		243	66
Foreign currency translation adjustments		(18)	(42)
Comprehensive income - including noncontrolling interests		225	24
Cash dividends declared		(50)	(45)
Dividends declared		$ (39)
Repurchase of shares of common stock			$ (7)
Repurchase of shares of common stock, shares		0	(0.2)
Exercise and vesting of share-based awards		$ (4)
Share-based compensation		10	$ 7
Ending balance		6,601	3,154
Common Stock [Member]
Class Of Stock [Line Items]
Beginning balance		$ 4	$ 4
Beginning balance (in shares)	[1]	440	395
Exercise and vesting of share-based awards, shares	[1]		1
Ending balance		$ 4	$ 4
Ending balance (in shares)	[1]	440	396
Additional Paid-in Capital [Member]
Class Of Stock [Line Items]
Beginning balance		$ 4,658	$ 2,427
Exercise and vesting of share-based awards		(4)
Share-based compensation		10	7
Ending balance		4,664	2,434
Retained Earnings [Member]
Class Of Stock [Line Items]
Beginning balance		2,105	1,416
Net Income		230	62
Cash dividends declared		(50)	(45)
Ending balance		2,285	1,433
Accumulated Other Comprehensive Income (Loss) [Member]
Class Of Stock [Line Items]
Beginning balance		167	(49)
Foreign currency translation adjustments		(17)	(40)
Ending balance		150	(89)
Treasury Stock [Member]
Class Of Stock [Line Items]
Beginning balance		$ (728)	$ (721)
Beginning balance (in shares)	[1]	(20)	(19)
Repurchase of shares of common stock			$ (7)
Ending balance		$ (728)	$ (728)
Ending balance (in shares)	[1]	(20)	(20)
Noncontrolling Interests [Member]
Class Of Stock [Line Items]
Beginning balance		$ 253	$ 98
Net Income		13	4
Foreign currency translation adjustments		(1)	(2)
Dividends declared		(39)
Ending balance		226	$ 100
Redeemable Noncontrolling Interest [Member]
Class Of Stock [Line Items]
Beginning balance		12
Ending balance		$ 12
[1]	Shares may not add due to rounding.

Equity (Parenthetical) (Details

Equity (Parenthetical) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Cash dividends declared, per common share	$ 0.12	$ 0.12

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) shares in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Stock repurchase program, authorized amount	$ 1,400,000,000
Treasury stock repurchased, shares	0	0.2
Treasury stock repurchased, value		$ 7,000,000
Stock repurchase program, remaining authorized repurchase amount	$ 692,000,000

Items Affecting Comparability_2

Items Affecting Comparability of Net Income - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2018
Operating profit	$ 342		$ 97
Impairment of long lived asset	3		$ 12
Fujian Sunner Development Co., Ltd. [Member]
Percentage of equity interest acquired			5.00%
Total consideration paid to acquire interest			$ 261
Unrealized investment gain (loss)			(17)
Meituan Dianping [Member]
Unrealized investment gain (loss)	1		(8)
Number of ordinary shares subscribed				8.4
Maximum percentage of ordinary shares subscribed				1.00%
Fair value of Investment in Meituan's ordinary shares				$ 74
Number of ordinary shares sold		4.2
Proceeds from disposal of equity security		$ 54
Pre-tax gain from disposal of equity security		$ 17
COVID-19 [Member]
Operating profit	$ 342		97
COVID-19 [Member] | Restaurant-level impairment [Member]
Impairment of long lived asset			$ 9

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Other Income And Expenses [Abstract]
Equity income from investments in unconsolidated affiliates		$ 17	$ 20
Amortization of reacquired franchise right	[1]	(9)	(3)
Foreign exchange impact and other		(2)	(1)
Other income, net		$ 6	$ 16
[1]	Increase in amortization of reacquired franchise right resulted from the acquisition of Suzhou KFC as disclosed in Note 1, with $61

Other Income, Net (Parenthetica

Other Income, Net (Parenthetical) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2020
Suzhou KFC [Member] | Reacquired Franchise Rights [Member]
Other Operating Income Expense Net [Line Items]
Purchase price allocated to intangible assets	$ 61	$ 61

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Accounts Receivable, net
Accounts receivable, gross		$ 104	$ 100
Allowance for doubtful accounts		(2)	(1)
Accounts receivable, net		102	99
Prepaid Expenses and Other Current Assets
Receivables from payment processors and aggregators		23	47
Dividends receivable from unconsolidated affiliates		54	10
Other prepaid expenses and current assets		122	119
Prepaid expenses and other current assets		199	176
Other Assets
VAT assets		271	270
Land use right		138	140
Investment in equity securities	[1]	405	160
Long-term deposits		87	83
Investment in long-term time deposits	[2]	63	61
Costs to obtain contracts		8	9
Others		26	26
Other Assets		998	749
Accounts Payable and Other Current Liabilities
Accounts payable		571	708
Operating leases liabilities		440	448
Accrued compensation and benefits		197	238
Contract liabilities		172	175
Accrued capital expenditures		151	203
Accrued marketing expenses		94	73
Other current liabilities		175	150
Accounts payable and other current liabilities		1,800	1,995
Other Liabilities
Accrued income tax payable		63	66
Contract liabilities		32	31
Other non-current liabilities		70	70
Other liabilities		$ 165	$ 167
[1]	Increase in investment in equity securities balance as of March 31, 2021 primarily resulted from investment in equity securities of Sunner in the first quarter of 2021. See Note 6 for additional information.
[2]	As of March 31, 2021 and December 31, 2020, the Company had $63 million and $61 million invested in long-term time deposits, bearing a fixed interest rate with original maturity of three years. The asset is restricted for use in order to secure the balance of prepaid stored-value cards issued by the Company pursuant to regulatory requirements.

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information (Details 1) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 3,934	$ 3,893
Accumulated depreciation	(2,185)	(2,128)
Property, plant and equipment, net	1,749	1,765
Buildings and Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,424	2,367
Finance Leases, Primarily Buildings [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	37	36
Machinery and Equipment, and Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 1,473	$ 1,490

Supplemental Balance Sheet In_5

Supplemental Balance Sheet Information (Parenthetical) (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2021	Dec. 31, 2020
Supplemental Balance Sheet Information Disclosure [Abstract]
Investment in long-term time deposits	[1]	$ 63	$ 61
Investment in long-term time deposits, maturity term		3 years	3 years
[1]	As of March 31, 2021 and December 31, 2020, the Company had $63 million and $61 million invested in long-term time deposits, bearing a fixed interest rate with original maturity of three years. The asset is restricted for use in order to secure the balance of prepaid stored-value cards issued by the Company pursuant to regulatory requirements.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill, gross		$ 1,220	$ 1,223
Accumulated impairment losses	[1]	(391)	(391)
Goodwill, net		829	832
Effect of currency translation adjustment		(3)
KFC [Member]
Goodwill [Line Items]
Goodwill, gross		745	748
Goodwill, net		745	748
Effect of currency translation adjustment		(3)
Pizza Hut [Member]
Goodwill [Line Items]
Goodwill, gross		20	20
Goodwill, net		20	20
All Other Segments [Member]
Goodwill [Line Items]
Goodwill, gross		455	455
Accumulated impairment losses	[1]	(391)	(391)
Goodwill, net		$ 64	$ 64
[1]	Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia.

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Millions		Mar. 31, 2021		Dec. 31, 2020
Finite-lived intangible assets
Gross Carrying Amount		$ 282	[1]	$ 283
Accumulated Amortization		(171)		(161)
Accumulated impairment losses	[2]	(14)		(14)
Net Carrying Amount		97		108
Indefinite-lived intangible assets
Net Carrying Amount		137		138
Total intangible assets
Gross Carrying Amount		419	[1]	421
Intangible assets, net		234		246
Little Sheep [Member] | Trademark [Member]
Indefinite-lived intangible assets
Net Carrying Amount		55		56
Huang Ji Huang Group [Member] | Trademark [Member]
Indefinite-lived intangible assets
Net Carrying Amount		82		82
Reacquired franchise rights [Member]
Finite-lived intangible assets
Gross Carrying Amount		222	[1]	223
Accumulated Amortization		(153)		(144)
Net Carrying Amount		69		79
Huang Ji Huang Group [Member]
Finite-lived intangible assets
Gross Carrying Amount		23	[1]	23
Accumulated Amortization		(1)		(1)
Net Carrying Amount		22		22
Daojia platform [Member]
Finite-lived intangible assets
Gross Carrying Amount		16	[1]	16
Accumulated Amortization		(4)		(4)
Accumulated impairment losses	[2]	(12)		(12)
Customer-related assets [Member]
Finite-lived intangible assets
Gross Carrying Amount		12	[1]	12
Accumulated Amortization		(9)		(8)
Accumulated impairment losses	[2]	(2)		(2)
Net Carrying Amount		1		2
Others [Member]
Finite-lived intangible assets
Gross Carrying Amount		9	[1]	9
Accumulated Amortization		(4)		(4)
Net Carrying Amount		$ 5		$ 5
[1]	Changes in gross carrying amount include effect of currency translation adjustment.
[2]	Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform.

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Finite-lived intangible assets
Finite-lived intangible assets, amortization expense	$ 10	$ 3
Expected amortization expense for the unamortized finite-lived intangible assets - remainder of 2020	31
Expected amortization expense for the unamortized finite-lived intangible assets - 2021	41
Expected amortization expense for the unamortized finite-lived intangible assets - 2022	4
Expected amortization expense for the unamortized finite-lived intangible assets - 2023	2
Expected amortization expense for the unamortized finite-lived intangible assets - 2024	$ 2

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)Restaurant
Schedule Of Lease Assets And Liabilities [Line Items]
Number of restaurants operated | Restaurant	8,300
Additional lease signed but not commenced with total undiscounted minimum lease payments | $	$ 164
Maximum [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Lease agreements initial terms	20 years
Lease terms	20 years
Minimum [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Lease agreements initial terms	10 years
Lease terms	1 year

Leases - Summary of Supplementa

Leases - Summary of Supplemental Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Schedule Of Lease Assets And Liabilities [Abstract]
Operating lease right-of-use assets	$ 2,140	$ 2,164
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	yumc:OperatingLeaseRightOfUseAssetMember	yumc:OperatingLeaseRightOfUseAssetMember
Finance lease right-of-use assets	$ 20	$ 20
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentMember	us-gaap:PropertyPlantAndEquipmentMember
Total leased assets	$ 2,160	$ 2,184
Operating leases liabilities	440	448
Finance lease liabilities, Current	$ 2	$ 2
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and other current liabilities	Accounts payable and other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and other current liabilities	Accounts payable and other current liabilities
Non-current operating lease liabilities	$ 1,882	$ 1,915
Non-current finance lease liabilities	$ 28	$ 28
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	yumc:NonCurrentOperatingLeasesLiabilitiesMember	yumc:NonCurrentOperatingLeasesLiabilitiesMember
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	yumc:NonCurrentFinancingLeasesLiabilitiesMember	yumc:NonCurrentFinancingLeasesLiabilitiesMember
Total lease liabilities	$ 2,352	$ 2,393

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Lease Cost [Abstract]
Operating lease cost		$ 136	$ 121
Finance lease cost
Amortization of leased assets		1	1
Variable lease cost	[1]	95	49
Short-term lease cost		2	3
Sub-lease income		(8)	(6)
Total lease cost		$ 226	$ 168
[1]	In the first quarter of 2021 and 2020, the Company was granted $5 million and $14 million, respectively, in lease concessions from landlords related to the effects of the COVID-19 pandemic. The lease concessions were primarily in the form of rent reduction over the period of time when the Company’s restaurant business was adversely impacted. The Company applied the interpretive guidance in a FASB staff Q&A document issued in April 2020 and elected: (1) not to evaluate whether a concession received in response to the COVID-19 pandemic is a lease modification and (2) to assume such concession was contemplated as part of the existing lease contract with no contract modification. Such concession was recognized as negative variable lease cost in the period the concession was granted.

Leases - Summary of Lease Cos_2

Leases - Summary of Lease Cost (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lease Cost [Abstract]
Lease concessions from landlords related to the effects of COVID-19	$ 5	$ 14

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$ 144	$ 107
Financing cash flows from finance leases		1	1
Right-of-use assets obtained in exchange for new lease liabilities
Operating leases	[1]	$ 78	$ 32
[1]

Leases - Schedule of Lease Term

Leases - Schedule of Lease Term and Discount Rate (Details)	Mar. 31, 2021	Mar. 31, 2020
Weighted-average remaining lease term (years)
Operating leases	6 years 10 months 24 days	6 years 10 months 24 days
Finance leases	10 years 10 months 24 days	11 years 3 months 18 days
Weighted-average discount rate
Operating leases	5.80%	6.00%
Finance leases	5.80%	5.90%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Details) $ in Millions	Mar. 31, 2021USD ($)
Amount of Operating Leases
Remainder of 2021	$ 434
2022	484
2023	420
2024	354
2025	293
Thereafter	854
Total undiscounted lease payment	2,839
Less: imputed interest	517	[1]
Present value of lease liabilities	2,322
Amount of Finance Leases
Remainder of 2021	3
2022	4
2023	4
2024	4
2025	4
Thereafter	22
Total undiscounted lease payment	41
Less: imputed interest	11	[1]
Present value of lease liabilities	30
Amount of Operating And Finance Leases, Total
Remainder of 2021	437
2022	488
2023	424
2024	358
2025	297
Thereafter	876
Total undiscounted lease payment	2,880
Less: imputed interest	528	[1]
Present value of lease liabilities	$ 2,352
[1]

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Narrative (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Transfer from Level 1 to Level 2	$ 0	$ 0
Transfer from Level 2 to Level 1	$ 0	$ 0

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures - Assets Measured on Recurring Basis or Disclosed at Fair Value (Details) - Recurring Fair Value Measurements [Member] - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		$ 480	$ 808
Short-term investments, Fair Value Measurement or Disclosure		3,026	3,105
Total assets, Fair Value Measurement or Disclosure		3,974	4,134
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure			207
Short-term investments, Fair Value Measurement or Disclosure			260
Total assets, Fair Value Measurement or Disclosure		405	627
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		480	601
Short-term investments, Fair Value Measurement or Disclosure		3,026	2,845
Total assets, Fair Value Measurement or Disclosure		3,569	3,507
Time Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure		410	601
Short-term investments, Fair Value Measurement or Disclosure		2,058	2,165
Other assets, Fair Value Measurement or Disclosure			61
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		410	601
Short-term investments, Fair Value Measurement or Disclosure		2,058	2,165
Other assets, Fair Value Measurement or Disclosure			61
Fixed Income Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure	[1]	70	207
Short-term investments, Fair Value Measurement or Disclosure	[1]	800	784
Fixed Income 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]		207
Short-term investments, Fair Value Measurement or Disclosure	[1]		104
Fixed Income Debt Securities [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents, Fair Value Measurement or Disclosure	[1]	70
Short-term investments, Fair Value Measurement or Disclosure	[1]	800	680
Structured Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term investments, Fair Value Measurement or Disclosure	[2]	168
Structured Deposits [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term investments, Fair Value Measurement or Disclosure	[2]	168
Variable Return Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term investments, Fair Value Measurement or Disclosure			156
Variable Return Investments [Member] | Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short-term investments, Fair Value Measurement or Disclosure			156
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		405	160
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		405	$ 160
Long-term Time Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other assets, Fair Value Measurement or Disclosure		63
Long-term Time Deposits [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other assets, Fair Value Measurement or Disclosure		$ 63
[1]	Classified as held-to-maturity investments and measured at amortized cost.
[2]	Represented certain structured deposits invested in the first quarter of 2021. These investments are principal-protected and provide returns in the form of both fixed and variable interests. Such variable interest rates indexed to gold prices or foreign exchange rates are considered embedded derivatives and bifurcated from host contracts, and measured at fair value on a recurring basis.

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures - Schedule of Amounts Recognized From Non-recurring Fair Value Measurements (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total expense recognized from non-recurring fair value measurements		$ 3	$ 12
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total expense recognized from non-recurring fair value measurements			9
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Restaurant-level impairment [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total expense recognized from non-recurring fair value measurements	[1]		$ 9
[1]	Restaurant-level impairment charges are recorded in Closures and impairment expenses, net and resulted primarily from our semi-annual impairment evaluation of long-lived assets of individual restaurants that were being operated at the time of impairment and had not been offered for refranchising. We performed an additional impairment evaluation in the first quarter of 2020, considering the adverse effects of the COVID-19 pandemic as an impairment indicator. The fair value of assets as of the relevant measurement date, after considering the impairment charges recorded during the quarter ended March 31, 2020, was $29 million.

Fair Value Measurements and D_6

Fair Value Measurements and Disclosures - Schedule of Amounts Recognized From Non-recurring Fair Value Measurements (Parenthetical) (Details) $ in Millions	Mar. 31, 2020USD ($)
Restaurant-level impairment [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 29

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income tax provision	$ 102	$ 32
Effective tax rate	29.60%	32.70%

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	3 Months Ended
	Mar. 31, 2021Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues		$ 2,557	$ 1,754
Operating Profit		342	97
Unallocated Other expenses			(1)
Interest income, net	[1]	15	9
Investment loss	[1]	(12)	(8)
Income Before Income Taxes		345	98
Impairment Charges		3	12
Total Assets		10,837		$ 10,875
Revenue From External Customers [Member]
Segment Reporting Information [Line Items]
Revenues		2,557	1,754
Revenue From External Customers [Member] | KFC [Member]
Segment Reporting Information [Line Items]
Revenues		1,832	1,269
Revenue From External Customers [Member] | Pizza Hut [Member]
Segment Reporting Information [Line Items]
Revenues		541	324
Revenue From External Customers [Member] | All Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		53	21
Corporate and Unallocated [Member]
Segment Reporting Information [Line Items]
Revenues	[1]	131	140
Unallocated revenues from transactions with franchisees and unconsolidated affiliates	[2]	129	139
Unallocated Other revenues		2	1
Unallocated expenses from transactions with franchisees and unconsolidated affiliates	[2]	(129)	(135)
Unallocated Other operating costs and expenses		(3)	(1)
Unallocated and corporate G&A expenses		(41)	(21)
Total Assets	[3]	5,514		5,507
Corporate and Unallocated [Member] | Revenue From External Customers [Member]
Segment Reporting Information [Line Items]
Revenues	[1]	131	140
Operating Segments [Member] | KFC [Member]
Segment Reporting Information [Line Items]
Revenues		1,832	1,269
Operating Profit	[4]	327	153
Impairment Charges	[5]	2	4
Total Assets	[6]	4,056		4,084
Operating Segments [Member] | Pizza Hut [Member]
Segment Reporting Information [Line Items]
Revenues		541	324
Operating Profit		60	(28)
Impairment Charges	[5]	1	6
Total Assets		888		906
Operating Segments [Member] | All Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		78	28
Operating Profit		(3)	(10)
Impairment Charges	[5]		2
Total Assets		379		$ 378
Operating Segments [Member] | Revenue From External Customers [Member]
Segment Reporting Information [Line Items]
Revenues		2,557	1,754
Elimination [Member]
Segment Reporting Information [Line Items]
Revenues		(25)	(7)
Elimination [Member] | All Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		25	7
Combined [Member]
Segment Reporting Information [Line Items]
Revenues		$ 2,582	$ 1,761
[1]	Amounts have not been allocated to any segment for performance reporting purposes.
[2]	Primarily includes revenues and associated expenses of transactions with franchisees 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 them to KFC and Pizza Hut 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.
[3]	Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, long-term time deposits and inventories that are centrally managed.
[4]	Includes equity income from investments in unconsolidated affiliates of $19 million and $20 million for the quarters ended March 31, 2021 and 2020, respectively.
[5]	Primarily includes store closure impairment charges, restaurant-level impairment charges resulting from our semi-annual impairment evaluation as well as our additional impairment evaluation performed in the first quarter of 2020 in response to adverse impact from the COVID-19 pandemic. See Note 11.
[6]	Includes investments in unconsolidated affiliates.

Segment Reporting (Parenthetica

Segment Reporting (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Equity income from investments in unconsolidated affiliates	$ 17	$ 20
KFC [Member]
Segment Reporting Information [Line Items]
Equity income from investments in unconsolidated affiliates	$ 19	$ 20

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($)	1 Months Ended
	Feb. 28, 2015	Mar. 31, 2021
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%
Guarantees outstanding of unconsolidated affiliates		$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Apr. 27, 2021USD ($)$ / shares
Subsequent Event [Line Items]
Dividends declared date	Apr. 27, 2021
Dividends payable, amount per share | $ / shares	$ 0.12
Dividends payable date	Jun. 18, 2021
Dividends payable, date of record	May 25, 2021
Estimated cash dividend payable | $	$ 50