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Items Affecting Comparability of Net Income and Cash Flows (Tables) | 12 Months Ended
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Dec. 31, 2017
Facility Actions [Line Items] |
Impact of Change in Reporting Calendar [Table Text Block] | The impacts on our Consolidated Financial Statements of retrospectively applying these changes are included below:
|  | 2016
|  | As Previously Reported |  | Adjustments |  | After Change in Reporting Calendar
Total revenues |  | $ | 6,366 |  |  | $ | (10 | ) |  | $ | 6,356 |  |
Operating Profit |  | 1,625 |  |  | 25 |  | (a) | 1,650 |  | (b)
Income from continuing operations |  | 994 |  |  | 24 |  |  | 1,018 |  |
Income from discontinued operations, net of tax |  | 625 |  |  | — |  |  | 625 |  |
Net Income |  | $ | 1,619 |  |  | $ | 24 |  |  | 1,643 |  |
Diluted EPS from continuing operations |  | $ | 2.48 |  |  | $ | 0.06 |  |  | $ | 2.54 |  |
Diluted EPS from discontinued operations |  | 1.56 |  |  | — |  |  | 1.56 |  |
Diluted EPS |  | $ | 4.04 |  |  | $ | 0.06 |  |  | $ | 4.10 |  |
|  | 2015
|  | As Previously Reported |  | Adjustments |  | After Change in Reporting Calendar
Total revenues |  | $ | 6,440 |  |  | $ | (22 | ) |  | $ | 6,418 |  |
Operating Profit |  | 1,402 |  |  | (8 | ) |  | 1,394 |  | (b)
Income from continuing operations |  | 936 |  |  | (10 | ) |  | 926 |  |
Income from discontinued operations, net of tax |  | 357 |  |  | — |  |  | 357 |  |
Net Income |  | $ | 1,293 |  |  | $ | (10 | ) |  | $ | 1,283 |  |
Diluted EPS from continuing operations |  | $ | 2.11 |  |  | $ | (0.02 | ) |  | $ | 2.09 |  |
Diluted EPS from discontinued operations |  | 0.81 |  |  | — |  |  | 0.81 |  |
Diluted EPS |  | $ | 2.92 |  |  | $ | (0.02 | ) |  | $ | 2.90 |  |
(a) | Primarily represents gains of $24 million related to the refranchising of certain international restaurants which occurred in December 2016.
(b) Amount does not reconcile to our Consolidated Statements of Income for the year ended December 31, 2016 and December 31, 2015 due to the impact of retrospectively adopting a new accounting standard on Benefit Costs of $32 million and $40 million, respectively. See Note 2.
Refranchising (gain) loss [Member] |
Facility Actions [Line Items] |
Facility Actions | Refranchising (Gain) Loss The Refranchising (gain) loss by reportable segment is presented below. Given the size and volatility of refranchising initiatives, our chief operating decision maker ("CODM") does not consider the impact of Refranchising (gain) loss when assessing segment performance. As such, we do not allocate such gains and losses to our segments for performance reporting purposes. During the years ended December 31, 2017, 2016 and 2015, we refranchised 1,470, 432 and 270 restaurants, respectively. We received $1,773 million, $370 million and $213 million in pre-tax proceeds in 2017, 2016 and 2015, respectively, related to these transactions. A summary of Refranchising (gain) loss is as follows:
|  | Refranchising (gain) loss |  |  |  |  |
|  | 2017 |  | 2016 |  | 2015 |  |  |  |  |
KFC Division(a) |  | $ | (581 | ) |  | $ | (44 | ) |  | $ | 32 |  |  |  |  |  |
Pizza Hut Division(a) |  | (16 | ) |  | (48 | ) |  | 56 |  |  |  |  |  |
Taco Bell Division |  | (486 | ) |  | (71 | ) |  | (65 | ) |  |  |  |  |
Worldwide |  | $ | (1,083 | ) |  | $ | (163 | ) |  | $ | 23 |  |  |  |  |  |
(a) | In 2010, we refranchised our then-remaining Company-operated restaurants in Mexico. To the extent we owned it, we did not sell the real estate related to certain of these restaurants, instead leasing it to the franchisee. During 2015, we sold the real estate for approximately $58 million. While these proceeds exceeded the book value of the real estate, the sale represented a substantial liquidation of our Mexican foreign entities under GAAP. As such, the accumulated translation losses associated with our Mexican business were included in our loss on the sale. We recorded charges of $80 million representing the excess of the sum of the book value of the real estate and other related assets and our accumulated translation losses over the sales price. Consistent with the classification of the original Mexico market-wide refranchising transaction, these charges were classified as Refranchising (gain) loss. Refranchising losses of $40 million were associated with both the KFC and Pizza Hut Divisions. We continue to earn U.S. dollar-denominated franchise fees, most of which are sales-based royalties, under our existing franchise contracts with our Mexico franchisee.
As a result of classifying restaurant and related assets as held-for-sale and ceasing depreciation expense as well as recording any related write-downs to fair value, depreciation expense was reduced versus what would have otherwise been recorded by $10 million during the year ended December 31, 2017. Our CODM does not consider the impact of these depreciation reductions, which were recorded within Occupancy and other operating expenses when assessing segment performance. These depreciation reductions were not allocated to the Division segments resulting in depreciation expense continuing to be recorded within our Divisional results at the rate at which it was prior to the held-for-sale classification.
Closures and impairment (income) expenses |
Facility Actions [Line Items] |
Facility Actions | Store Closure and Impairment Activity Store closure (income) costs and Store impairment charges by reportable segment are presented below.
|  | 2017
|  | KFC |  | Pizza Hut |  | Taco Bell |  | Worldwide
Store closure (income) costs(a) |  | $ | — |  |  | $ | — |  |  | $ | (1 | ) |  | $ | (1 | )
Store impairment charges |  | 2 |  |  | 1 |  |  | 1 |  |  | 4 |
Closure and impairment (income) expenses |  | $ | 2 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3 |
|  | 2016
|  | KFC |  | Pizza Hut |  | Taco Bell |  | Worldwide
Store closure (income) costs(a) |  | $ | 3 |  |  | $ | (5 | ) |  | $ | — |  |  | $ | (2 | )
Store impairment charges |  | 8 |  |  | 6 |  |  | 3 |  |  | 17 |
Closure and impairment (income) expenses |  | $ | 11 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 15 |
|  | 2015
|  | KFC |  | Pizza Hut |  | Taco Bell |  | Worldwide
Store closure (income) costs(a) |  | $ | 1 |  |  | $ | (1 | ) |  | $ | (1 | ) |  | $ | (1 | )
Store impairment charges |  | 8 |  |  | 5 |  |  | 4 |  |  | 17 |
Closure and impairment (income) expenses |  | $ | 9 |  |  | $ | 4 |  |  | $ | 3 |  |  | $ | 16 |
(a) | Store closure (income) costs include the net gain or loss on sales of real estate on which we formerly operated a Company-owned restaurant that was closed, lease reserves established when we cease using a property under an operating lease and subsequent adjustments to those reserves and other facility-related expenses from previously closed stores. Remaining lease obligations for closed stores were not material at December 31, 2017 or December 31, 2016.

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