XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenue Recognition Accounting Policy (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract] |  |  |  |
Disaggregation of Revenue [Table Text Block] | The following tables disaggregate 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 9/30/2020
|  | KFC Division |  | Pizza Hut Division |  | Taco Bell Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 14 |  |  | $ | 5 |  |  | $ | 218 |  |  | $ | 118 |  |  | $ | 355 |
Franchise revenues |  | 44 |  |  | 62 |  |  | 148 |  |  | — |  |  | 254 |
Property revenues |  | 4 |  |  | 1 |  |  | 10 |  |  | — |  |  | 15 |
Franchise contributions for advertising and other services |  | 4 |  |  | 76 |  |  | 117 |  |  | — |  |  | 197 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 56 |  |  | 15 |  |  | — |  |  | — |  |  | 71 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 116 |  |  | 15 |  |  | — |  |  | — |  |  | 131 |
Franchise revenues |  | 219 |  |  | 55 |  |  | 7 |  |  | — |  |  | 281 |
Property revenues |  | 17 |  |  | 1 |  |  | — |  |  | — |  |  | 18 |
Franchise contributions for advertising and other services |  | 112 |  |  | 13 |  |  | 1 |  |  | — |  |  | 126 |
|  | $ | 586 |  |  | $ | 243 |  |  | $ | 501 |  |  | $ | 118 |  |  | $ | 1,448 |
| Quarter ended 9/30/2019
|  | KFC Division |  | Pizza Hut Division |  | Taco Bell Division |  | Total
U.S. |  |  |  |  |  |  |  |
Company sales |  | $ | 17 |  |  | $ | 5 |  |  | $ | 216 |  |  | $ | 238 |
Franchise revenues |  | 40 |  |  | 63 |  |  | 142 |  |  | 245 |
Property revenues |  | 5 |  |  | 2 |  |  | 10 |  |  | 17 |
Franchise contributions for advertising and other services |  | 2 |  |  | 71 |  |  | 114 |  |  | 187 |
China |  |  |  |  |  |  |  |
Franchise revenues |  | 57 |  |  | 16 |  |  | — |  |  | 73 |
Other |  |  |  |  |  |  |  |
Company sales |  | 118 |  |  | 8 |  |  | — |  |  | 126 |
Franchise revenues |  | 226 |  |  | 61 |  |  | 6 |  |  | 293 |
Property revenues |  | 16 |  |  | 1 |  |  | — |  |  | 17 |
Franchise contributions for advertising and other services |  | 128 |  |  | 14 |  |  | 1 |  |  | 143 |
|  | $ | 609 |  |  | $ | 241 |  |  | $ | 489 |  |  | $ | 1,339 |
| Year to date ended 9/30/2020
|  | KFC Division |  | Pizza Hut Division |  | Taco Bell Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 43 |  |  | $ | 15 |  |  | $ | 610 |  |  | $ | 231 |  |  | $ | 899 |
Franchise revenues |  | 126 |  |  | 190 |  |  | 411 |  |  | 1 |  |  | 728 |
Property revenues |  | 11 |  |  | 4 |  |  | 31 |  |  | — |  |  | 46 |
Franchise contributions for advertising and other services |  | 13 |  |  | 224 |  |  | 331 |  |  | — |  |  | 568 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 150 |  |  | 37 |  |  | — |  |  | — |  |  | 187 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 303 |  |  | 42 |  |  | — |  |  | — |  |  | 345 |
Franchise revenues |  | 577 |  |  | 160 |  |  | 18 |  |  | — |  |  | 755 |
Property revenues |  | 42 |  |  | 2 |  |  | — |  |  | — |  |  | 44 |
Franchise contributions for advertising and other services |  | 296 |  |  | 39 |  |  | 2 |  |  | — |  |  | 337 |
|  | $ | 1,561 |  |  | $ | 713 |  |  | $ | 1,403 |  |  | $ | 232 |  |  | $ | 3,909 |
| Year to date ended 9/30/2019
|  | KFC Division |  | Pizza Hut Division |  | Taco Bell Division |  | Total
U.S. |  |  |  |  |  |  |  |
Company sales |  | $ | 51 |  |  | $ | 15 |  |  | $ | 624 |  |  | $ | 690 |
Franchise revenues |  | 119 |  |  | 197 |  |  | 410 |  |  | 726 |
Property revenues |  | 16 |  |  | 5 |  |  | 31 |  |  | 52 |
Franchise contributions for advertising and other services |  | 7 |  |  | 223 |  |  | 327 |  |  | 557 |
China |  |  |  |  |  |  |  |
Franchise revenues |  | 165 |  |  | 46 |  |  | — |  |  | 211 |
Other |  |  |  |  |  |  |  |
Company sales |  | 344 |  |  | 20 |  |  | 2 |  |  | 366 |
Franchise revenues |  | 649 |  |  | 181 |  |  | 19 |  |  | 849 |
Property revenues |  | 50 |  |  | 2 |  |  | — |  |  | 52 |
Franchise contributions for advertising and other services |  | 358 |  |  | 41 |  |  | 1 |  |  | 400 |
|  | $ | 1,759 |  |  | $ | 730 |  |  | $ | 1,414 |  |  | $ | 3,903 |
Deferred Franchise Fees [Table Text Block] |  |  | A summary of significant changes to the contract liability balance during 2020 is presented below.
|  | Deferred Franchise Fees
Balance at December 31, 2019 |  | $ | 441 |
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period |  | (55) |
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period |  | 36 |
Other(a) |  | (8) |
Balance at September 30, 2020 |  | $ | 414 |
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 | $ | 64 |  |
1 - 2 years | 59 |  |
2 - 3 years | 54 |  |
3 - 4 years | 49 |  |
4 - 5 years | 43 |  |
Thereafter | 145 |  |
Total | $ | 414 |  |

X
- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121566466&loc=d3e6935-107765 + Details
Name: | us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration