Revenue Recognition Accounting Policy (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table disaggregates revenue by Concept, for our two most significant markets based on Operating Profit and for all other markets. We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors.



	Quarter ended 9/30/2018
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	17	$	6	$	265	$	288
Franchise and property revenues		46		66		136		248
Franchise contributions for advertising and other services		3		62		105		170

China
Franchise and property revenues		52		16		—		68

Other
Company sales		204		7		—		211
Franchise and property revenues		222		61		6		289
Franchise contributions for advertising and other services		105		11		1		117
		$	649	$	229	$	513	$	1,391



	Year to date ended 9/30/2018
		KFC Division		Pizza Hut Division		Taco Bell Division		Total
U.S.
Company sales		$	50	$	31	$	759	$	840
Franchise and property revenues		135		200		387		722
Franchise contributions for advertising and other services		7		187		293		487

China
Franchise and property revenues		155		47		—		202

Other
Company sales		657		24		2		683
Franchise and property revenues		647		185		17		849
Franchise contributions for advertising and other services		307		39		1		347
		$	1,958	$	713	1,459		$	4,130

Deferred Franchise Fees [Table Text Block]

A summary of significant changes to the contract liability balance during 2018 is presented below.



	Deferred Franchise Fees
Balance at January 1, 2018	$	392
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(47		)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	61
Other^(a)	(11		)
Balance at September 30, 2018	$	395

(a)

Includes impact of foreign currency translation as well as the recognition of deferred franchise fees into Refranchising (gain) loss upon the modification of existing franchise agreements when entering into master franchise agreements.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:



Less than 1 year	$	58
1 - 2 years	53
2 - 3 years	49
3 - 4 years	45
4 - 5 years	40
Thereafter	150
Total	$	395