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Short-term Borrowings and Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
 
 
2016
 
2015
Short-term Borrowings
 
 
 
 
Current maturities of long-term debt
 
$
65

 
$
312

Unsecured Short-Term Loan Credit Facility (the "Bridge Facility")
 
—

 
600

Other
 
9

 
9

 
 
$
74

 
$
921

Less current portion of debt issuance costs and discounts
 
(8
)
 
—

Short-term borrowings
 
$
66

 
$
921

 
 
 
 
 
Long-term Debt
 
 
 
 
Securitization Notes
 
$
2,294

 
$
—

Subsidiary Senior Unsecured Notes
 
2,100

 
—

Term Loan A Facility
 
500

 
—

Term Loan B Facility
 
1,990

 
—

YUM Senior Unsecured Notes
 
2,200

 
2,500

Senior Unsecured Revolving Credit Facility
 
—

 
701

Capital lease obligations (See Note 12)
 
121

 
134

 
 
9,205

 
3,335

Less debt issuance costs and discounts
 
(79
)
 
(16
)
Less current maturities of long-term debt
 
(65
)
 
(312
)
Long-term debt
 
$
9,061


$
3,007

The following table presents the carrying value and estimated fair value of the Company’s debt obligations:

 
12/31/2016
 
12/26/2015
 
Carrying Value
 
Fair Value (Level 2)
 
Carrying Value
 
Fair Value (Level 2)
Debt obligations
 
 
 
 
 
 
 
Securitization Notes(a)
$
2,294

 
$
2,315

 
$
—

 
$
—

Subsidiary Senior Unsecured Notes(b)
2,100

 
2,175

 
—

 
—

Term Loan A Facility(b)
500

 
501

 
—

 
—

Term Loan B Facility(b)
1,990

 
2,016

 
—

 
—

YUM Senior Unsecured Notes(b)
2,200

 
2,216

 
2,500

 
2,393

 
(a)
We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about the Company’s Securitization Notes and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets.

(b)
We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.
Debt Instrument [Line Items]  
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments The annual maturities of short-term borrowings and long-term debt as of December 31, 2016, excluding capital lease obligations of $121 million are as follows: 
Year ended:
 
2017
$
64

2018
393

2019
324

2020
1,215

2021
760

Thereafter
6,337

Total
$
9,093
Senior Unsecured Notes [Member]  
Debt Instrument [Line Items]  
Senior Unsecured Notes issued that remain outstanding The following table summarizes all YUM Senior Unsecured Notes issued that remain outstanding at December 31, 2016:
 
 
 
 
 
 
Interest Rate
Issuance Date(a)
 
Maturity Date
 
Principal Amount (in millions)
 
Stated
 
Effective(b)
October 2007
 
March 2018
 
$
325

 
6.25
%
 
6.36
%
October 2007
 
November 2037
 
$
325

 
6.88
%
 
7.45
%
August 2009
 
September 2019
 
$
250

 
5.30
%
 
5.59
%
August 2010
 
November 2020
 
$
350

 
3.88
%
 
4.01
%
August 2011
 
November 2021
 
$
350

 
3.75
%
 
3.88
%
October 2013
 
November 2023
 
$
325

 
3.88
%
 
4.01
%
October 2013
 
November 2043
 
$
275

 
5.35
%
 
5.42
%

(a)
Interest payments commenced approximately six months after issuance date and are payable semi-annually thereafter.

(b)
Includes the effects of the amortization of any (1) premium or discount; (2) debt issuance costs; and (3) gain or loss upon settlement of related treasury locks and forward starting interest rate swaps utilized to hedge the interest rate risk prior to debt issuance.