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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Schedule of Quarterly Financial Information [Abstract] |
Schedule of Quarterly Financial Information |
|  | 2017
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 902 |  |  | $ | 909 |  |  | $ | 871 |  |  | $ | 890 |  |  | $ | 3,572 |
Franchise and license fees and income |  | 515 |  |  | 539 |  |  | 565 |  |  | 687 |  |  | 2,306 |
Total revenues |  | 1,417 |  |  | 1,448 |  |  | 1,436 |  |  | 1,577 |  |  | 5,878 |
Restaurant profit |  | 144 |  |  | 161 |  |  | 154 |  |  | 159 |  |  | 618 |
Operating Profit(a) |  | 484 |  |  | 419 |  |  | 643 |  |  | 1,215 |  |  | 2,761 |
Net Income |  | 280 |  |  | 206 |  |  | 418 |  |  | 436 |  |  | 1,340 |
Basic earnings per common share from continuing operations |  | 0.78 |  |  | 0.59 |  |  | 1.21 |  |  | 1.29 |  |  | 3.86 |
Diluted earnings per common share from continuing operations |  | 0.77 |  |  | 0.58 |  |  | 1.18 |  |  | 1.26 |  |  | 3.77 |
Dividends declared per common share |  | 0.30 |  |  | 0.30 |  |  | — |  |  | 0.30 |  |  | 0.90 |
|  | 2016
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 953 |  |  | $ | 1,006 |  |  | $ | 992 |  |  | $ | 1,238 |  |  | $ | 4,189 |
Franchise and license fees and income |  | 490 |  |  | 503 |  |  | 526 |  |  | 648 |  |  | 2,167 |
Total revenues |  | 1,443 |  |  | 1,509 |  |  | 1,518 |  |  | 1,886 |  |  | 6,356 |
Restaurant profit |  | 148 |  |  | 167 |  |  | 161 |  |  | 224 |  |  | 700 |
Operating Profit(b) |  | 349 |  |  | 415 |  |  | 398 |  |  | 520 |  |  | 1,682 |
Income from continuing operations, net of tax |  | 226 |  |  | 266 |  |  | 218 |  |  | 308 |  |  | 1,018 |
Income (loss) from discontinued operations, net of tax |  | 138 |  |  | 70 |  |  | 422 |  |  | (5 | ) |  | 625 |
Net Income |  | 364 |  |  | 336 |  |  | 640 |  |  | 303 |  |  | 1,643 |
Basic earnings per common share from continuing operations |  | 0.55 |  |  | 0.65 |  |  | 0.56 |  |  | 0.84 |  |  | 2.58 |
Basic earnings (loss) per common share from discontinued operations |  | 0.33 |  |  | 0.17 |  |  | 1.09 |  |  | (0.01 | ) |  | 1.59 |
Basic earnings per common share |  | 0.88 |  |  | 0.82 |  |  | 1.65 |  |  | 0.83 |  |  | 4.17 |
Diluted earnings per common share from continuing operations |  | 0.54 |  |  | 0.64 |  |  | 0.55 |  |  | 0.83 |  |  | 2.54 |
Diluted earnings (loss) per common share from discontinued operations |  | 0.33 |  |  | 0.17 |  |  | 1.07 |  |  | (0.01 | ) |  | 1.56 |
Diluted earnings per common share |  | 0.87 |  |  | 0.81 |  |  | 1.62 |  |  | 0.82 |  |  | 4.10 |
Dividends declared per common share |  | 0.46 |  |  | 0.46 |  |  | 0.51 |  |  | 0.30 |  |  | 1.73 |
(a) | Includes net gains from refranchising initiatives of $111 million, $19 million, $201 million and $752 million in the first, second, third and fourth quarters, respectively, costs associated with YUM’s Strategic Transformation Initiatives of $7 million, $4 million, $4 million and $8 million in the first, second, third and fourth quarters, respectively, costs associated with the Pizza Hut U.S. Transformation Agreement of $12 million, $8 million and $11 million in the second, third and fourth quarters, respectively, costs associated with the KFC U.S. Acceleration Agreement of $3 million, $5 million, $4 million and $5 million in the first, second, third and fourth quarters, respectively and non-cash charges associated with the modification of share-based compensation awards in connection with the Separation of $2 million and $16 million in the first and second quarters, respectively.
(b) Includes net gains from refranchising initiatives of $54 million, $21 million and $88 million in the second, third and fourth quarters, respectively, costs associated with YUM’s Strategic Transformation Initiatives of $4 million, $30 million and $33 million in the second, third and fourth quarters, respectively, a non-cash charge primarily associated with the modification of share-based compensation awards in connection with the Separation of $30 million in the fourth quarter and costs associated with KFC U.S. Acceleration Agreement of $9 million, $8 million and $9 million in the first, second and fourth quarters, respectively. See Note 5.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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- Definition Schedule of Quarterly Financial Information [Abstract] + References No definition available. + Details
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