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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 8 Months Ended
Sep. 03, 2016
Sep. 05, 2015
Sep. 03, 2016
Sep. 05, 2015
Revenues        
Company sales $ 2,841 $ 2,968 $ 7,560 $ 7,806
Franchise and license fees and income 475 459 1,383 1,348
Total revenues 3,316 3,427 8,943 9,154
Costs and Expenses, Net        
Food and paper 817 933 2,230 2,462
Payroll and employee benefits 638 625 1,727 1,720
Occupancy and other operating expenses 816 871 2,192 2,292
Company restaurant expenses 2,271 2,429 6,149 6,474
General and administrative expenses 377 328 1,028 976
Franchise and license expenses 47 65 145 146
Closures and impairment (income) expenses 7 3 47 30
Refranchising (gain) loss (25) 2 (85) 60
Other (income) expense (15) (3) (50) (12)
Total costs and expenses, net 2,662 2,824 7,234 7,674
Operating Profit 654 603 1,709 1,480
Interest expense, net 87 32 164 99
Income Before Income Taxes 567 571 1,545 1,381
Income tax provision (65) 145 183 358
Net Income – including noncontrolling interests 632 426 1,362 1,023
Net Income - noncontrolling interests 10 5 10 5
Net Income - YUM! Brands, Inc. $ 622 $ 421 $ 1,352 $ 1,018
Basic Earnings Per Common Share $ 1.59 $ 0.97 $ 3.33 $ 2.33
Diluted Earnings Per Common Share 1.56 0.95 3.28 2.29
Dividends Declared Per Common Share $ 0 $ 0 $ 0.92 $ 0.82