XML 42 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reportable Operating Segments
 12 Months Ended
Dec. 26, 2015
Reportable Operating Segments [Abstract]  
Reportable Operating Segments
Reportable Operating Segments

See Note 1 for a description of our operating segments.
 
 
Revenues
 
 
2015
 
2014
 
2013
China
 
$
6,909


$
6,934


$
6,905

KFC Division(a)
 
2,948


3,193


3,036

Pizza Hut Division(a)
 
1,145


1,148


1,147

Taco Bell Division(a)
 
1,988

 
1,863

 
1,869

India
 
115

 
141

 
127

 
 
$
13,105


$
13,279


$
13,084



 
 
Operating Profit; Interest Expense, Net; and
Income Before Income Taxes
 
 
2015
 
2014
 
2013
China (b)
 
$
757


$
713


$
777

KFC Division
 
677


708


649

Pizza Hut Division
 
289


295


339

Taco Bell Division
 
539

 
480

 
456

India
 
(19
)

(9
)

(15
)
Unallocated restaurant costs(c)
 
—


(1
)

—

Unallocated Franchise and License expenses(c)(j)
 
(71
)
 
—

 
—

Unallocated and corporate expenses(c)
 
(204
)

(189
)

(207
)
Unallocated Closures and impairment expense(c)(d)
 
—


(463
)

(295
)
Unallocated Refranchising gain (loss)(c)
 
(10
)

33


100

Unallocated Other income (expense)(c)
 
(37
)

(10
)

(6
)
Operating Profit
 
1,921


1,557


1,798

Interest expense, net(c)(e)
 
(134
)

(130
)

(247
)
Income Before Income Taxes
 
$
1,787


$
1,427


$
1,551


 
 
Depreciation and Amortization
 
 
2015
 
2014
 
2013
China
 
$
425

 
$
411

 
$
394

KFC Division
 
176

 
187

 
190

Pizza Hut Division
 
40

 
39

 
36

Taco Bell Division
 
88

 
83

 
84

India
 
10

 
10

 
9

Corporate
 
8

 
9

 
8

 
 
$
747

 
$
739

 
$
721


 
 
Capital Spending
 
 
2015
 
2014
 
2013
China
 
$
512

 
$
525

 
$
568

KFC Division
 
273

 
273

 
294

Pizza Hut Division
 
54

 
62

 
52

Taco Bell Division
 
116

 
143

 
100

India
 
7

 
21

 
31

Corporate
 
11

 
9

 
4

 
 
$
973

 
$
1,033

 
$
1,049


 
 
Identifiable Assets
 
 
2015
 
2014
China (f)
 
$
3,150

 
$
3,202

KFC Division(i)
 
2,181

 
2,328

Pizza Hut Division(i)
 
707

 
710

Taco Bell Division(i)
 
1,127

 
1,084

India
 
84

 
118

Corporate(g)(i)
 
826

 
892

 
 
$
8,075

 
$
8,334


 
 
Long-Lived Assets(h)
 
 
2015
 
2014
China
 
$
2,033

 
$
2,217

KFC Division
 
1,663

 
1,823

Pizza Hut Division
 
419

 
433

Taco Bell Division
 
911

 
920

India
 
35

 
72

Corporate
 
55

 
51

 
 
$
5,116

 
$
5,516



(a)
U.S. revenues included in the combined KFC, Pizza Hut and Taco Bell Divisions totaled $3.1 billion in 2015 and $3.0 billion in both 2014 and 2013.

(b)
Includes equity income from investments in unconsolidated affiliates of $41 million, $30 million and $26 million in 2015, 2014 and 2013, respectively.

(c)
Amounts have not been allocated to any segment for performance reporting purposes.

(d)
Represents 2014 and 2013 impairment losses related to Little Sheep. See Note 4.

(e)
2013 includes $118 million of premiums and other costs related to the extinguishment of debt. See Note 4.

(f)
China includes investments in 4 unconsolidated affiliates totaling $61 million and $52 million for 2015 and 2014, respectively.  

(g)
Primarily includes cash, deferred tax assets and property, plant and equipment, net, related to our office facilities.

(h)
Includes property, plant and equipment, net, goodwill, and intangible assets, net.

(i)
U.S. identifiable assets included in the combined Corporate and KFC, Pizza Hut and Taco Bell Divisions totaled $2.3 billion and $2.0 billion in 2015 and 2014, respectively.

(j)
Represents 2015 costs associated with the KFC U.S. Acceleration Agreement. See Note 4.