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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Total Revenues $ 1,448 $ 1,509 $ 2,865 $ 2,952
Costs and Expenses, Net        
Closures and impairment (income) expenses     2 9
Refranchising (gain) loss (19) (54) (130) (54)
Operating Profit 419 415 903 764
Other pension (income) expense 4 0 32 (1)
Interest expense, net 104 51 213 93
Income Before Income Taxes 311 364 658 672
Income from continuing operations   266   492
Income from discontinued operations, net of tax   70   208
Net Income $ 206 $ 336 $ 486 $ 700
Basic Earnings Per Common Share $ 0.59 $ 0.82 $ 1.37 $ 1.71
Diluted Earnings Per Common Share 0.58 0.81 1.34 1.68
Dividends Declared Per Common Share $ 0.30 $ 0.46 $ 0.60 $ 0.92
Continuing Operations [Member]        
Revenues        
Company sales $ 909 $ 1,006 $ 1,811 $ 1,959
Franchise and license fees and income 539 503 1,054 993
Total Revenues 1,448 1,509 2,865 2,952
Costs and Expenses, Net        
Food and paper 280 307 556 594
Payroll and employee benefits 239 263 483 520
Occupancy and other operating expenses 229 269 467 530
Company restaurant expenses 748 839 1,506 1,644
General and Administrative Expense 247 254 484 497
Franchise and license expenses 54 54 100 105
Closures and impairment (income) expenses 1 7 2 9
Refranchising (gain) loss (19) (54) (130) (54)
Other (income) expense (2) (6) 0 (13)
Total costs and expenses, net 1,029 1,094 1,962 2,188
Operating Profit 419 415 903 764
Other pension (income) expense 4 0 32 (1)
Interest expense, net 104 51 213 93
Income Before Income Taxes 311 364 658 672
Income tax provision 105 98 172 180
Income from continuing operations $ 206 $ 266 $ 486 $ 492
Basic Earnings Per Common Share $ 0.59 $ 0.65 $ 1.37 $ 1.20
Diluted Earnings Per Common Share $ 0.58 $ 0.64 $ 1.34 $ 1.18
Discontinued Operations [Member]        
Revenues        
Company sales   $ 1,558 [1]   $ 2,836 [2]
Franchise and license fees and income   30 [1]   55 [2]
Costs and Expenses, Net        
Company restaurant expenses   1,363 [1]   2,408 [2]
General and Administrative Expense   112 [1]   186 [2]
Franchise and license expenses   13 [1]   25 [2]
Closures and impairment (income) expenses   31   31 [2]
Refranchising (gain) loss   (2) [1]   (5) [2]
Interest expense, net   (2) [1]   (3) [2]
Income tax provision   17 [1]   67 [2]
Income from discontinued operations, net of tax $ 0 $ 70 [1] $ 0 $ 208 [2]
Basic Earnings Per Common Share   $ 0.17   $ 0.51
Diluted Earnings Per Common Share   $ 0.17   $ 0.50
[1] Includes historical Yum China financial results from March 1, 2016 to May 31, 2016.
[2] Includes historical Yum China financial results from January 1, 2016 to May 31, 2016, plus an additional month of expense associated with the license fee paid to YUM to conform to the new YUM reporting calendar.