XML 27 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 13, 2015
Jun. 14, 2014
Jun. 13, 2015
Jun. 14, 2014
Revenues        
Company sales $ 2,659 $ 2,758 $ 4,838 $ 5,050
Franchise and license fees and income 446 446 889 878
Total revenues 3,105 3,204 5,727 5,928
Costs and Expenses, Net        
Food and paper 841 886 1,529 1,611
Payroll and employee benefits 602 620 1,095 1,113
Occupancy and other operating expenses 805 824 1,421 1,457
Company restaurant expenses 2,248 2,330 4,045 4,181
General and administrative expenses 353 352 648 623
Franchise and license expenses 47 34 81 67
Closures and impairment (income) expenses 24 21 27 24
Refranchising (gain) loss 68 (4) 58 (7)
Other (income) expense (6) (8) (9) (10)
Total costs and expenses, net 2,734 2,725 4,850 4,878
Operating Profit 371 479 877 1,050
Interest expense, net 33 29 67 62
Income Before Income Taxes 338 450 810 988
Income tax provision 102 112 213 251
Net Income – including noncontrolling interests 236 338 597 737
Net Income (loss) - noncontrolling interests 1 4 0 4
Net Income - YUM! Brands, Inc. $ 235 $ 334 $ 597 $ 733
Basic Earnings Per Common Share $ 0.54 $ 0.75 $ 1.36 $ 1.64
Diluted Earnings Per Common Share 0.53 0.73 1.34 1.61
Dividends Declared Per Common Share $ 0.82 $ 0.37 $ 0.82 $ 0.74