XML 45 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727
Pension Benefits
6 Months Ended
Jun. 13, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension Benefits
Pension Benefits

We sponsor qualified and supplemental (non-qualified) noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees.  The most significant of these plans, the YUM Retirement Plan is funded. We fund our other U.S. plans as benefits are paid.  The YUM Retirement Plan and our most significant non-qualified plan in the U.S. are closed to new salaried participants.  
  
The components of net periodic benefit cost associated with our significant U.S. pension plans are as follows:

 
Quarter ended
 
Year to date
 
2015
 
2014
 
2015
 
2014
Service cost
$
4

 
$
4

 
$
8

 
$
8

Interest cost
12

 
13

 
25

 
25

Expected return on plan assets
(14
)
 
(13
)
 
(28
)
 
(26
)
Amortization of net loss
11

 
4

 
21

 
8

Net periodic benefit cost
$
13

 
$
8

 
$
26

 
$
15

 
 
 
 
 
 
 
 
Additional loss (gain) recognized due to:
 
 
 
 
 
 
 
Settlement (a)
$
1

 
$
2

 
$
1

 
$
5

 
 
 
 
 
 
 
 

(a)
Losses are a result of settlement transactions from a non-funded plan which exceeded the sum of annual service and interest costs for that plan. These losses were recorded in G&A expenses.

We contributed $75 million to the YUM Retirement Plan during the year to date ended June 13, 2015. We do not anticipate any additional significant contributions during 2015.