XML 41 R25.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Shareholders' Equity | 12 Months Ended
--- | ---
Dec. 31, 2017
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Deficit Under the authority of our Board of Directors, we repurchased shares of our Common Stock during 2017, 2016 and 2015. All amounts exclude applicable transaction fees.
|  | Shares Repurchased (thousands) |  |  | Dollar Value of Shares Repurchased |
Authorization Date |  | 2017 |  |  |  | 2016 |  |  |  | 2015 |  |  |  | 2017 |  |  |  | 2016 |  |  |  | 2015 |  |
November 2017 |  | — |  |  |  | — |  |  |  | — |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | — |  |
November 2016 |  | 26,561 |  |  |  | 1,337 |  |  |  | — |  |  |  | 1,915 |  |  |  | 85 |  |  |  | — |  |
May 2016 |  | — |  |  |  | 50,435 |  |  |  | — |  |  |  | — |  |  |  | 4,200 |  |  |  | — |  |
March 2016 |  | — |  |  |  | 2,823 |  |  |  | — |  |  |  | — |  |  |  | 229 |  |  |  | — |  |
December 2015 |  | — |  |  |  | 13,368 |  |  |  | 932 |  |  |  | — |  |  |  | 933 |  |  |  | 67 |  |
November 2014 |  | — |  |  |  | — |  |  |  | 13,231 |  |  |  | — |  |  |  | — |  |  |  | 1,000 |  |
November 2013 |  | — |  |  |  | — |  |  |  | 1,779 |  |  |  | — |  |  |  | — |  |  |  | 133 |  |
Total |  | 26,561 |  | (a) |  | 67,963 |  | (a) |  | 15,942 |  |  |  | $ | 1,915 |  | (a) |  | $ | 5,447 |  | (a) |  | $ | 1,200 |  |
(a) | 2017 amount excludes and 2016 amount includes the effect of $45 million in share repurchases (0.7 million shares) with trade dates prior to December 31, 2016 but settlement dates subsequent to December 31, 2016.
On November 16, 2017, our Board of Directors authorized share repurchases through December 2018 of up to $1.5 billion (excluding applicable transaction fees) of our outstanding Common Stock. As of December 31, 2017, we have remaining capacity to repurchase up to $1.5 billion of Common Stock under this authorization. Changes in AOCI are presented below.
|  | Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature(a) |  | Pension and Post-Retirement Benefits(b) |  | Derivative Instruments(c) |  | Total
Balance at December 31, 2015, net of tax |  | $ | (125 | ) |  | $ | (113 | ) |  | $ | (14 | ) |  | $ | (252 | )
Gains (losses) arising during the year classified into AOCI, net of tax |  | (153 | ) |  | (41 | ) |  | 37 |  |  | (157 | )
(Gains) losses reclassified from AOCI, net of tax |  | (11 | ) |  | 27 |  |  | (18 | ) |  | (2 | )
OCI, net of tax |  | (164 | ) |  | (14 | ) |  | 19 |  |  | (159 | )
Separation of China business |  | (47 | ) |  | — |  |  | — |  |  | (47 | )
Balance at December 31, 2016, net of tax |  | $ | (336 | ) |  | $ | (127 | ) |  | $ | 5 |  |  | $ | (458 | )
Gains (losses) arising during the year classified into AOCI, net of tax |  | 107 |  |  | (13 | ) |  | (51 | ) |  | 43 |
(Gains) losses reclassified from AOCI, net of tax |  | 55 |  |  | 34 |  |  | 55 |  |  | 144 |
OCI, net of tax |  | 162 |  |  | 21 |  |  | 4 |  |  | 187 |
Balance at December 31, 2017, net of tax |  | $ | (174 | ) |  | $ | (106 | ) |  | $ | 9 |  |  | (271 | )
(a) | Amounts reclassified from AOCI are due to substantially complete liquidations of foreign entities related to KFC Turkey, Pizza Hut Turkey, Pizza Hut Thailand and Pizza Hut Korea refranchising transactions during 2017 and the Pizza Hut Australia refranchising transaction during 2016.
(b) | Amounts reclassified from AOCI for pension and post-retirement benefit plan losses during 2017 include amortization of net losses of $5 million, historical pension data adjustment of $22 million, settlement charges of $20 million, amortization of prior service cost of $5 million and related income tax benefit of $18 million. Amounts reclassified from AOCI for pension and post-retirement benefit plan losses during 2016 include amortization of net losses of $6 million, settlement charges of $33 million, amortization of prior service cost of $5 million and related income tax benefit of $17 million. See Note 15.
(c) See Note 13 for details on amounts reclassified from AOCI.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration