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Short-term Borrowings and Long-term Debt | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Short-term Borrowings and Long-term Debt | 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. Credit Agreement Repricing On April 3, 2018, KFC Holding Co., Pizza Hut Holdings, LLC, a limited liability company, and Taco Bell of America, LLC, a limited liability company, as co-borrowers (collectively, the “Borrowers”), each of which is a wholly-owned subsidiary of the Company, completed the repricing of the then existing $1.97 billion under the Term Loan B Facility pursuant to an amendment to the Credit Agreement (as defined in our 2017 Form 10-K). The amendment reduces the interest rate applicable to the Term Loan B Facility by 25 basis points to adjusted LIBOR plus 1.75% or Base Rate plus 0.75%, at the Borrowers’ election, and extends the maturity date for the Term Loan B Facility by 2 years to April 3, 2025. All other material provisions under the Credit Agreement remained unchanged as a result of this amendment. Details of our short-term borrowings and long-term debt as of December 31, 2017 can be found within our 2017 Form 10-K. Cash paid for interest during the years to date ended September 30, 2018 and 2017 was $300 million and $275 million, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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