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Fair Value Disclosures (Tables) | 9 Months Ended
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Sep. 30, 2018
Fair Value Disclosures [Abstract] |
Schedule of Short-term Borrowings and Long-term Debt |
Short-term Borrowings |  | 9/30/2018 |  | 12/31/2017 |
Current maturities of long-term debt |  | $ | 301 |  |  | $ | 386 |
Less current portion of debt issuance costs and discounts |  | (6 | ) |  | (11 | )
Short-term borrowings |  | $ | 295 |  |  | $ | 375 |
Long-term Debt |  |  |  |
Securitization Notes |  | $ | 2,265 |  |  | $ | 2,271 |
Subsidiary Senior Unsecured Notes |  | 2,850 |  |  | 2,850 |
Revolving Facility |  | 273 |  |  | — |
Term Loan A Facility |  | 494 |  |  | 500 |
Term Loan B Facility |  | 1,960 |  |  | 1,975 |
YUM Senior Unsecured Notes(a) |  | 1,875 |  |  | 2,200 |
Capital lease obligations |  | 80 |  |  | 105 |
|  | $ | 9,797 |  |  | $ | 9,901 |
Less debt issuance costs and discounts |  | (91 | ) |  | (86 | )
Less current maturities of long-term debt |  | (301 | ) |  | (386 | )
Long-term debt |  | $ | 9,405 |  |  | $ | 9,429 |
(a) During the first quarter of 2018, we repaid $325 million in YUM Senior Unsecured Notes that matured in March 2018. The following table presents the carrying value and estimated fair value of the Company’s debt obligations:
| 9/30/2018 |  | 12/31/2017
| Carrying Value |  | Fair Value (Level 2) |  | Carrying Value |  | Fair Value (Level 2)
Securitization Notes(a) | $ | 2,265 |  |  |  | $ | 2,289 |  |  |  | $ | 2,271 |  |  |  | $ | 2,367 |  |
Subsidiary Senior Unsecured Notes(b) | 2,850 |  |  |  | 2,858 |  |  |  | 2,850 |  |  |  | 2,983 |  |
Term Loan A Facility(b) | 494 |  |  |  | 495 |  |  |  | 500 |  |  |  | 503 |  |
Term Loan B Facility(b) | 1,960 |  |  |  | 1,968 |  |  |  | 1,975 |  |  |  | 1,990 |  |
YUM Senior Unsecured Notes(b) | 1,875 |  |  |  | 1,871 |  |  |  | 2,200 |  |  |  | 2,277 |  |
(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.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall.
|  |  |  | Fair Value |
|  | Level |  | 9/30/2018 |  | 12/31/2017 |  | Condensed Consolidated Balance Sheet
Interest Rate Swaps - Asset |  | 2 |  | 21 |  |  | 9 |  |  | Prepaid expenses and other current assets
Interest Rate Swaps - Asset |  | 2 |  | 51 |  |  | 40 |  |  | Other assets
Interest Rate Swaps - Liability |  | 2 |  | 2 |  |  | — |  |  | Other liabilities and deferred credits
Foreign Currency Contracts - Liability |  | 2 |  | 28 |  |  | 46 |  |  | Other liabilities and deferred credits
Foreign Currency Contracts - Asset |  | 2 |  | 1 |  |  | 5 |  |  | Prepaid expenses and other current assets
Investment in Grubhub Common Stock |  | 1 |  | 385 |  |  | — |  |  | Other assets
Other Investments |  | 1 |  | 32 |  |  | 29 |  |  | Other assets

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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