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Reportable Operating Segments | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Reportable Operating Segments | Reportable Operating Segments See Note 1 for a description of our operating segments.
|  | Revenues
|  | 2019 |  | 2018 |  | 2017
KFC Division(a) |  | $ | 2,491 |  |  | $ | 2,644 |  |  | $ | 3,110 |
Pizza Hut Division(a) |  | 1,027 |  |  | 988 |  |  | 893 |
Taco Bell Division(a) |  | 2,079 |  |  | 2,056 |  |  | 1,880 |
Unallocated(b)(f) |  | — |  |  | — |  |  | (5 | )
|  | $ | 5,597 |  |  | $ | 5,688 |  |  | $ | 5,878 |
|  | Operating Profit
|  | 2019 |  | 2018 |  | 2017
KFC Division |  | $ | 1,052 |  |  | $ | 959 |  |  | $ | 981 |
Pizza Hut Division |  | 369 |  |  | 348 |  |  | 341 |
Taco Bell Division |  | 683 |  |  | 633 |  |  | 619 |
Corporate and unallocated G&A expenses(b)(g) |  | (188 | ) |  | (171 | ) |  | (230 | )
Unallocated Company restaurant expenses(b)(h) |  | — |  |  | 3 |  |  | 10 |
Unallocated Franchise and property revenues(b)(f) |  | — |  |  | — |  |  | (5 | )
Unallocated Franchise and property expenses(b)(f) |  | (14 | ) |  | (8 | ) |  | (30 | )
Unallocated Refranchising gain (loss)(b) |  | 37 |  |  | 540 |  |  | 1,083 |
Unallocated Other income (expense)(b) |  | (9 | ) |  | (8 | ) |  | (8 | )
Operating Profit |  | 1,930 |  |  | 2,296 |  |  | 2,761 |
Investment income (expense), net(b) |  | (67 | ) |  | 9 |  |  | 5 |
Other pension income (expense)(b)(i) |  | (4 | ) |  | (14 | ) |  | (47 | )
Interest expense, net(b) |  | (486 | ) |  | (452 | ) |  | (445 | )
Income before income taxes |  | $ | 1,373 |  |  | $ | 1,839 |  |  | $ | 2,274 |
|  | Depreciation and Amortization
|  | 2019 |  | 2018 |  | 2017
KFC Division |  | $ | 30 |  |  | $ | 58 |  |  | $ | 138 |
Pizza Hut Division |  | 15 |  |  | 10 |  |  | 26 |
Taco Bell Division |  | 59 |  |  | 61 |  |  | 82 |
Corporate |  | 8 |  |  | 8 |  |  | 7 |
|  | $ | 112 |  |  | $ | 137 |  |  | $ | 253 |
|  | Capital Spending
|  | 2019 |  | 2018 |  | 2017
KFC Division |  | $ | 81 |  |  | $ | 105 |  |  | $ | 176 |
Pizza Hut Division |  | 33 |  |  | 38 |  |  | 42 |
Taco Bell Division |  | 76 |  |  | 85 |  |  | 95 |
Corporate |  | 6 |  |  | 6 |  |  | 5 |
|  | $ | 196 |  |  | $ | 234 |  |  | $ | 318 |
|  | Identifiable Assets(d)
|  | 2019 |  | 2018
KFC Division |  | $ | 2,042 |  |  | $ | 1,481 |
Pizza Hut Division |  | 801 |  |  | 701 |
Taco Bell Division |  | 1,330 |  |  | 1,074 |
Corporate(c) |  | 1,058 |  |  | 874 |
|  | $ | 5,231 |  |  | $ | 4,130 |
|  | Long-Lived Assets(e)
|  | 2019 |  | 2018
KFC Division |  | $ | 1,179 |  |  | $ | 868 |
Pizza Hut Division |  | 427 |  |  | 384 |
Taco Bell Division |  | 938 |  |  | 720 |
Corporate |  | 42 |  |  | 32 |
|  | $ | 2,586 |  |  | $ | 2,004 |
(a) | U.S. revenues included in the combined KFC, Pizza Hut and Taco Bell Divisions totaled $3.0 billion in 2019, $2.9 billion in 2018 and $2.8 billion in 2017.
(b) Amounts have not been allocated to any segment for performance reporting purposes. (c) Primarily includes cash, our Grubhub investment and deferred tax assets.
(d) | U.S. identifiable assets included in the combined Corporate and KFC, Pizza Hut and Taco Bell Divisions totaled $2.7 billion and $2.0 billion in 2019 and 2018, respectively.
(e) | Includes PP&E, goodwill, intangible assets, net and in 2019, Operating lease right-of-use assets.
(f) | Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 4.
(g) | Amounts in 2018 include costs related to YUM's Strategic Transformation Initiatives of $8 million, partially offset by non-cash credits associated with modifications of share-based compensation awards of $3 million. Amounts in 2017 include costs related to YUM’s Strategic Transformation Initiatives of $21 million, non-cash charges associated with modifications of share-based compensation awards of $18 million and costs associated with the Pizza Hut U.S. Transformation Agreement of $13 million. See Note 4.
(h) | Represents depreciation reductions arising primarily from KFC restaurants that were held for sale. See Note 4.
(i) Amounts in 2017 include a non-cash charge of $22 million related to the adjustment of certain historical deferred vested liability balances in our qualified U.S. plan. See Note 4.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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