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Reportable Operating Segments
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Reportable Operating Segments Reportable Operating Segments

We identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments:
 
Quarter ended
 
Year to date
Revenues
2019
 
2018
 
2019
 
2018
KFC Division
$
584

 
$
651

 
$
1,150

 
$
1,309

Pizza Hut Division
246

 
233

 
489

 
484

Taco Bell Division
480


484

 
925


946

 
$
1,310


$
1,368


$
2,564


$
2,739


 
Quarter ended
 
Year to date
Operating Profit
2019
 
2018
 
2019
 
2018
KFC Division
$
261


$
235


$
497


$
456

Pizza Hut Division
96


81


193


169

Taco Bell Division
159


149

 
297


281

Corporate and unallocated G&A expenses
(38
)
 
(40
)
 
(81
)
 
(84
)
Unallocated Company restaurant expenses

 
1

 

 
1

Unallocated Franchise and property expenses(a)
(2
)
 
(1
)
 
(3
)
 
(2
)
Unallocated Refranchising gain (loss) (See Note 5)
4

 
29

 
10

 
185

Unallocated Other income (expense)(b)
(9
)

(5
)

(9
)

(4
)
Operating Profit
$
471


$
449


$
904


$
1,002

Investment income (expense), net (See Note 5)
25

 
23

 
9

 
89

Other pension income (expense) (See Note 11)

 
(3
)
 
(3
)
 
(6
)
Interest expense, net
(119
)

(112
)

(234
)

(219
)
Income before income taxes
$
377


$
357


$
676


$
866



(a)
Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.

(b)
Includes settlement of contingent consideration associated with our 2013 acquisition of the KFC Turkey and Pizza Hut Turkey businesses. See Note 5.