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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent $ 486 $ 700
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent   (208)
Depreciation and amortization 135 147
Closures and impairment (income) expenses 2 9
Refranchising (gain) loss (130) (54)
Contributions to defined benefit pension plans (12) (6)
Deferred income taxes 10 (19)
Share-based compensation expense 25 22
Changes in accounts and notes receivable 30 34
Changes in inventories 4 4
Changes in prepaid expenses and other current assets (1) 15
Changes in accounts payable and other current liabilities (137) (66)
Changes in income taxes payable (83) 12
Other, net 110 (3)
Cash Flows - Investing Activities    
Capital spending (150) (186)
Proceeds from refranchising of restaurants 321 84
Other, net 2 12
Short-term borrowings by original maturity    
Cash and Cash Equivalents - End of Period 970  
Discontinued Operations [Member]    
Cash Flows - Operating Activities    
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 (208) [1]
Closures and impairment (income) expenses [1]   31
Refranchising (gain) loss [1]   (5)
Net Cash Provided by Operating Activities 0 376
Cash Flows - Investing Activities    
Net Cash Used in Investing Activities 0 (214)
Short-term borrowings by original maturity    
Net transfers from discontinued operations 0 70
Net Cash Provided by (Used in) Financing Activities 0 (71)
Continuing Operations [Member]    
Cash Flows - Operating Activities    
Closures and impairment (income) expenses 2 9
Refranchising (gain) loss (130) (54)
Net Cash Provided by Operating Activities 439 587
Cash Flows - Investing Activities    
Net Cash Used in Investing Activities 173 (90)
Cash Flows - Financing Activities    
Proceeds from long-term debt 1,088 6,900
Repayments of long-term debt (360) (304)
Revolving credit facilities, three months or less, net 0 (685)
Short-term borrowings by original maturity    
More than three months - proceeds 0 1,400
More than three months - payments 0 (2,000)
Three months or less, net 0 0
Repurchase shares of Common Stock (856) (2,067)
Dividends paid on Common Stock (211) (379)
Debt issuance costs (32) (86)
Other, net (39) (29)
Net Cash Provided by (Used in) Financing Activities (410) 2,820
Effect of Exchange Rates on Cash and Cash Equivalents 23 (1)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations 225 3,316
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows $ 1,056 $ 3,667
[1] 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.