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v3.19.3.a.u2

Reportable Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
|  | 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.
Reconciliation of Revenue from Segments to Consolidated |
|  | 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 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|  | 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 |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated |
|  | 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 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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