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Short-term Borrowings and Long-term Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] |
|  | 2017 |  | 2016
Short-term Borrowings |  |  |  |
Current maturities of long-term debt |  | $ | 386 |  |  | $ | 66 |
Other |  | — |  |  | 8 |
|  | $ | 386 |  |  | $ | 74 |
Less current portion of debt issuance costs and discounts |  | (11 | ) |  | (8 | )
Short-term borrowings |  | $ | 375 |  |  | $ | 66 |
Long-term Debt |  |  |  |
Securitization Notes |  | $ | 2,271 |  |  | $ | 2,294 |
Subsidiary Senior Unsecured Notes |  | 2,850 |  |  | 2,100 |
Term Loan A Facility |  | 500 |  |  | 500 |
Term Loan B Facility |  | 1,975 |  |  | 1,990 |
YUM Senior Unsecured Notes |  | 2,200 |  |  | 2,200 |
Capital lease obligations (See Note 12) |  | 105 |  |  | 120 |
|  | 9,901 |  |  | 9,204 |
Less debt issuance costs and discounts |  | (86 | ) |  | (79 | )
Less current maturities of long-term debt |  | (386 | ) |  | (66 | )
Long-term debt |  | $ | 9,429 |  |  | $ | 9,059 |
The following table presents the carrying value and estimated fair value of the Company’s debt obligations:
| 12/31/2017 |  | 12/31/2016
| Carrying Value |  | Fair Value (Level 2) |  | Carrying Value |  | Fair Value (Level 2)
Debt obligations |  |  |  |  |  |  |
Securitization Notes(a) | $ | 2,271 |  |  | $ | 2,367 |  |  | $ | 2,294 |  |  | $ | 2,315 |
Subsidiary Senior Unsecured Notes(b) | 2,850 |  |  | 2,983 |  |  | 2,100 |  |  | 2,175 |
Term Loan A Facility(b) | 500 |  |  | 503 |  |  | 500 |  |  | 501 |
Term Loan B Facility(b) | 1,975 |  |  | 1,990 |  |  | 1,990 |  |  | 2,016 |
YUM Senior Unsecured Notes(b) | 2,200 |  |  | 2,277 |  |  | 2,200 |  |  | 2,216 |
(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, 2017, excluding capital lease obligations of $105 million are as follows:
Year ended: |
2018 | $ | 380 |
2019 | 318 |
2020 | 1,190 |
2021 | 441 |
2022 | 410 |
Thereafter | 7,057 |
Total | $ | 9,796 |
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, 2017:
|  |  |  |  |  | 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.

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