v2.4.0.6
Reportable Operating Segments (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 4 Months Ended 12 Months Ended
Sep. 08, 2012
Jun. 16, 2012
Mar. 24, 2012
Sep. 03, 2011
Jun. 11, 2011
Mar. 19, 2011
Dec. 29, 2012
Dec. 31, 2011
Dec. 29, 2012
Dec. 31, 2011
Dec. 25, 2010
Segment Reporting Information [Line Items]                      
Total revenues $ 3,569 $ 3,168 $ 2,743 $ 3,274 $ 2,816 $ 2,425 $ 4,153 $ 4,111 $ 13,633 $ 12,626 $ 11,343
Operating Profit 671 473 645 [1] 488 [2] 419 401 [2] 505 [1] 507 [2] 2,294 [1],[3],[4],[5],[6] 1,815 [2],[3],[4],[5],[7] 1,769 [3],[4],[5]
Occupancy and other operating expenses                 3,358 3,089 2,857
Closures and impairment (income) expenses                 37 135 47
Other (income) expense                 (115) (53) (43)
Refranchising (gain) loss                 (78) 72 63
Interest expense, net                 149 156 175
Income Before Income Taxes                 2,145 [3],[4],[5],[6] 1,659 [3],[4],[5],[7] 1,594 [3],[4],[5]
Depreciation and amortization                 645 [4] 628 [4] 589 [4]
Capital Spending                 1,099 940 796
Identifiable Assets             9,011 [8] 8,834 [8] 9,011 [8] 8,834 [8] 8,316 [8]
Long Lived Assets             5,974 [9] 5,022 [9] 5,974 [9] 5,022 [9] 4,964 [9]
Equity income from investments in unconsolidated affiliates                 47 47 42
Pre-tax settlement charge for service and interest costs                 84 0 0
Gain upon acquisition of Little Sheep                 74 [10] 0 0
Investments in unconsolidated affiliates             72 167 72 167  
Restricted cash             0 300 0 300  
Little Sheep Group Limited [Member]
                      
Segment Reporting Information [Line Items]                      
Gain upon acquisition of Little Sheep     74           74    
Restricted cash               300   300  
KFC
                      
Segment Reporting Information [Line Items]                      
Number of countries and territories where each concept operates             120   120    
Pizza Hut
                      
Segment Reporting Information [Line Items]                      
Number of countries and territories where each concept operates             97   97    
Pizza Hut | UK
                      
Segment Reporting Information [Line Items]                      
Refranchising (gain) loss     24       46   70    
Taco Bell
                      
Segment Reporting Information [Line Items]                      
Number of countries and territories where each concept operates             27   27    
China
                      
Segment Reporting Information [Line Items]                      
Total revenues                 6,898 5,566 4,135
Operating Profit                 1,015 [3] 908 [3] 755 [3]
Closures and impairment (income) expenses                 9 12 16
Refranchising (gain) loss                 (17) (14) (8)
Depreciation and amortization                 332 257 225
Capital Spending                 655 405 272
Identifiable Assets             3,752 [8] 2,527 [8] 3,752 [8] 2,527 [8] 2,289 [8]
Long Lived Assets             2,779 [9] 1,546 [9] 2,779 [9] 1,546 [9] 1,269 [9]
Equity income from investments in unconsolidated affiliates                 47 47 42
Number of unconsolidated affiliates             3 4 3 4  
Investments in unconsolidated affiliates             72 167 72 167 154
YRI
                      
Segment Reporting Information [Line Items]                      
Total revenues                 3,281 3,192 3,039
Operating Profit                 715 673 592
Closures and impairment (income) expenses                 19 22 14
Refranchising (gain) loss                 61 [11] 69 [11] 53 [12],[13]
Depreciation and amortization                 162 181 156
Capital Spending                 251 240 249
Identifiable Assets             2,663 2,847 2,663 2,847 2,606
Long Lived Assets             1,561 [9] 1,600 [9] 1,561 [9] 1,600 [9] 1,523 [9]
YRI | Pizza Hut | UK
                      
Segment Reporting Information [Line Items]                      
Depreciation reduction from the impairment of restaurants we offered to sell                 13 3  
U.S.
                      
Segment Reporting Information [Line Items]                      
Total revenues                 3,352 3,786 4,120
Operating Profit                 666 589 668
Closures and impairment (income) expenses                 9 21 17
Refranchising (gain) loss     (45)       (69)   (122) [14] 17 [14] 18 [14]
Depreciation and amortization                 141 177 201
Capital Spending                 173 256 241
Identifiable Assets             1,844 2,070 1,844 2,070 2,398
Long Lived Assets             1,555 [9] 1,805 [9] 1,555 [9] 1,805 [9] 2,095 [9]
Charges relating to U.S. general and administrative productivity initiatives and realignment of resources                 5 21 9
U.S. | KFC
                      
Segment Reporting Information [Line Items]                      
Depreciation reduction from the impairment of restaurants we offered to sell                 3 10 9
India
                      
Segment Reporting Information [Line Items]                      
Total revenues                 102 82 49
Operating Profit                 (1) 0 (3)
Closures and impairment (income) expenses                 0 0 0
Refranchising (gain) loss                 0 0 0
Depreciation and amortization                 6 5 3
Capital Spending                 18 16 10
Identifiable Assets             68 52 68 52 43
Long Lived Assets             47 [9] 35 [9] 47 [9] 35 [9] 25 [9]
Unallocated Amount to Segment [Member]
                      
Segment Reporting Information [Line Items]                      
Occupancy and other operating expenses                 (16) [15],[4] (14) [15],[4] (9) [15],[4]
Corporate expenses                 (271) [15],[5] (223) [15],[5] (194) [15],[5]
Closures and impairment (income) expenses                 0 [15] 80 [15],[7] 0 [15]
Other (income) expense                 (76) [15],[6] (6) [15] (5) [15]
Refranchising (gain) loss                 (78) [15],[16] 72 [15],[16] 63 [15],[16]
Depreciation and amortization                 4 [4] 8 [4] 4 [4]
Capital Spending                 2 23 24
Identifiable Assets             684 [17] 1,338 [17] 684 [17] 1,338 [17] 980 [17]
Long Lived Assets             32 [9] 36 [9] 32 [9] 36 [9] 52 [9]
Fair Value, Inputs, Level 2 [Member] | Non-recurring basis | Little Sheep Group Limited [Member]
                      
Segment Reporting Information [Line Items]                      
Gain upon acquisition of Little Sheep                 74 [18] 0 [18]  
Fair Value, Inputs, Level 2 [Member] | Non-recurring basis | Unallocated Amount to Segment [Member] | Little Sheep Group Limited [Member]
                      
Segment Reporting Information [Line Items]                      
Gain upon acquisition of Little Sheep                 74    
2012 Deferred Vested Payout Plan for Former Employees [Member]
                      
Segment Reporting Information [Line Items]                      
Pre-tax settlement charge for service and interest costs             $ 84   $ 84    
[1] Includes a non-cash gain recognized upon acquisition of Little Sheep of $74 million in the first quarter, refranchising losses associated with the Pizza Hut UK dine-in business of $24 million and $46 million in the first and fourth quarters, respectively, net U.S. refranchising gains of $45 million and $69 million in the first and fourth quarters, respectively and the YUM Retirement Plan settlement charge of $84 million in the fourth quarter. See Note 4 for further discussion.
[2] Includes losses related to the LJS and A&W divestitures of $68 million and $17 million in the first and third quarters, respectively and a refranchising loss associated with the Pizza Hut UK dine-in business of $76 million in the third quarter. The fourth quarter of 2011 also includes the $25 million impact of the 53rd week in 2011. See Note 4 for further discussion.
[3] Includes equity income from investments in unconsolidated affiliates of $47 million, $47 million and $42 million in 2012, 2011 and 2010, respectively, for China.
[4] 2012, 2011 and 2010 include depreciation reductions arising from the impairment of KFC restaurants we offered to sell of $3 million, $10 million and $9 million, respectively. 2012 and 2011 include depreciation reductions arising from the impairment of Pizza Hut UK restaurants we decided to sell in 2011 of $13 million and $3 million, respectively. See Note 4.
[5] 2012 includes the YUM Retirement Plan settlement charge of $84 million. 2012, 2011 and 2010 include approximately $5 million, $21 million and $9 million, respectively, of charges relating to U.S. general and administrative productivity initiatives and realignment of resources. See Note 4.
[6] 2012 includes gain upon acquisition of Little Sheep of $74 million. See Note 4.
[7] 2011 represents net losses resulting from the LJS and A&W divestitures. See Note 4.
[8] China includes investments in 3 unconsolidated affiliates totaling $72 million for 2012 and 4 unconsolidated affiliates totaling $167 million and $154 million, for 2011 and 2010, respectively.
[9] Includes property, plant and equipment, net, goodwill, and intangible assets, net.
[10] See Note 4 for further details on the acquisition of Little Sheep.
[11] During the fourth quarter of 2012, we refranchised our remaining 331 Company-owned Pizza Hut dine-in restaurants in the United Kingdom. The newly signed franchise agreement for these stores allows the franchisee to pay continuing franchise fees in the initial years of the agreement at a reduced rate. We agreed to allow the franchisee to pay these reduced fees in part as consideration for their assumption of lease liabilities related to underperforming stores that we anticipate they will close that were part of the refranchising. We recognize the estimated value of terms in franchise agreements entered into concurrently with a refranchising transaction that are not consistent with market terms as part of the upfront refranchising gain (loss). Accordingly, upon the closing of this refranchising we recognized a loss of $53 million representing the estimated value of these reduced continuing fees. The associated deferred credit is recorded within Other liabilities and deferred credits in our Consolidated Balance Sheet as of December 29, 2012 and will be amortized into YRI's Franchise and license fees and income over the next 4 years, including $16 million in 2013. This upfront loss largely contributed to a $70 million Refranchising loss we recognized during 2012 as a result of this refranchising. Also included in that loss was the write-off of $14 million in goodwill allocated to the Pizza Hut UK reporting unit. The remaining carrying value of goodwill allocated to our Pizza Hut UK business of $87 million, after the aforementioned write-off, was determined not to be impaired as the fair value of the Pizza Hut UK reporting unit exceeded its carrying amount. An income tax benefit of $9 million was recorded in 2012 as a result of this $70 million refranchising loss.During 2011, we recorded a $76 million charge in Refranchising gain (loss) as a result of our decision to refranchise or close all of our remaining company-owned Pizza Hut UK dine-in restaurants, primarily to write down these restaurants' long-lived assets to their then estimated fair value. Impairment charges of Pizza Hut UK long-lived assets incurred as a result of this decision, including the charge mentioned in the previous sentence, reduced depreciation expense versus what would have otherwise been recorded by $13 million and $3 million for the years ended December 29, 2012 and December 31, 2011, respectively.
[12] In the year ended December 25, 2010 we recorded a $52 million loss on the refranchising of our Mexico equity market as we sold all of our Company-owned restaurants, comprised of 222 KFCs and 123 Pizza Huts, to an existing Latin American franchise partner. The buyer is serving as the master franchisee for Mexico which had 102 KFC and 53 Pizza Hut franchise restaurants at the time of the transaction. The write-off of goodwill included in this loss was minimal as our Mexico reporting unit included an insignificant amount of goodwill. This loss did not result in any related income tax benefit.
[13] During the year ended December 25, 2010 we refranchised all of our remaining company restaurants in Taiwan, which consisted of 124 KFCs. We included in our December 25, 2010 financial statements a write-off of $7 million of goodwill in determining the loss on refranchising of Taiwan. This loss did not result in a related income tax benefit. The remaining carrying value of goodwill related to our Taiwan business of $30 million, after the aforementioned write-off, was determined not to be impaired as the fair value of the Taiwan reporting unit exceeded its carrying amount.
[14] U.S. Refranchising (gain) loss in the year ended December 29, 2012 is primarily due to gains on sales of Taco Bells. U.S. Refranchising (gain) loss in the years ended December 31, 2011 and December 25, 2010 is primarily due to losses on sales of and offers to refranchise KFCs in the U.S. The non-cash impairment charges that were recorded related to our offers to refranchise these company-operated KFC restaurants in the U.S. decreased depreciation expense versus what would have otherwise been recorded by $3 million, $10 million and $9 million in the years ended December 29, 2012, December 31, 2011 and December 25, 2010, respectively. These depreciation reductions were not allocated to the U.S. segment resulting in depreciation expense in the U.S. segment results continuing to be recorded at the rate at which it was prior to the impairment charges being recorded for these restaurants.
[15] Amounts have not been allocated to the U.S., YRI or China Division segments for performance reporting purposes.
[16] See Note 4 for further discussion of Refranchising gain (loss).
[17] Primarily includes cash, deferred tax assets and property, plant and equipment, net, related to our office facilities. 2011 includes $300 million of restricted cash related to the Little Sheep acquisition.
[18] See Note 4 for further discussions of Refranchising (gain) loss, including the Pizza Hut UK dine-in refranchising and the acquisition of Little Sheep.