XML 50 R17.htm IDEA: XBRL DOCUMENT v3.19.3
Reportable Operating Segments
9 Months Ended
Sep. 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
$
609

 
$
649

 
$
1,759

 
$
1,958

Pizza Hut Division
241

 
229

 
730

 
713

Taco Bell Division
489


513

 
1,414


1,459

 
$
1,339


$
1,391


$
3,903


$
4,130


 
Quarter ended
 
Year to date
Operating Profit
2019
 
2018
 
2019
 
2018
KFC Division
$
270


$
248


$
767


$
704

Pizza Hut Division
86


88


279


257

Taco Bell Division
161


161

 
458


442

Corporate and unallocated G&A expenses
(41
)
 
(38
)
 
(122
)
 
(122
)
Unallocated Company restaurant expenses

 
1

 

 
2

Unallocated Franchise and property expenses(a)
(2
)
 
(2
)
 
(5
)
 
(4
)
Unallocated Refranchising gain (loss) (See Note 5)
8

 
100

 
18

 
285

Unallocated Other income (expense)(b)
(2
)

(5
)

(11
)

(9
)
Operating Profit
$
480


$
553


$
1,384


$
1,555

Investment income (expense), net (See Note 5)
(59
)
 
96

 
(50
)
 
185

Other pension income (expense) (See Note 11)
(1
)
 
(4
)
 
(4
)
 
(10
)
Interest expense, net
(120
)

(111
)

(354
)

(330
)
Income before income taxes
$
300


$
534


$
976


$
1,400



(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 that we recorded in the second quarter of 2019. See Note 5.