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Reportable Operating Segments | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Reportable Operating Segments | Reportable Operating Segments See Note 1 for a description of our operating segments.
|  | Revenues
|  | 2020 |  | 2019 |  | 2018
KFC Division(a) |  | $ | 2,272 |  |  | $ | 2,491 |  |  | $ | 2,644 |
Pizza Hut Division(a) |  | 1,002 |  |  | 1,027 |  |  | 988 |
Taco Bell Division(a) |  | 2,031 |  |  | 2,079 |  |  | 2,056 |
Habit Burger Grill Division(a) |  | 347 |  |  | — |  |  | — |
|  | $ | 5,652 |  |  | $ | 5,597 |  |  | $ | 5,688 |
|  | Operating Profit
|  | 2020 |  | 2019 |  | 2018
KFC Division |  | $ | 922 |  |  | $ | 1,052 |  |  | $ | 959 |
Pizza Hut Division |  | 335 |  |  | 369 |  |  | 348 |
Taco Bell Division |  | 696 |  |  | 683 |  |  | 633 |
Habit Burger Grill Division |  | (22) |  |  | — |  |  | — |
Corporate and unallocated G&A expenses(b)(c) |  | (312) |  |  | (188) |  |  | (171) |
Unallocated Company restaurant expenses(b)(d) |  | — |  |  | — |  |  | 3 |
Unallocated Franchise and property expenses(b)(e) |  | (4) |  |  | (14) |  |  | (8) |
Unallocated Refranchising gain (loss)(b) |  | 34 |  |  | 37 |  |  | 540 |
Unallocated Other income (expense)(b)(f) |  | (146) |  |  | (9) |  |  | (8) |
Operating Profit |  | 1,503 |  |  | 1,930 |  |  | 2,296 |
Investment income (expense), net(b) |  | 74 |  |  | (67) |  |  | 9 |
Other pension income (expense)(b) |  | (14) |  |  | (4) |  |  | (14) |
Interest expense, net(b) |  | (543) |  |  | (486) |  |  | (452) |
Income before income taxes |  | $ | 1,020 |  |  | $ | 1,373 |  |  | $ | 1,839 |
|  | Depreciation and Amortization
|  | 2020 |  | 2019 |  | 2018
KFC Division |  | $ | 29 |  |  | $ | 30 |  |  | $ | 58 |
Pizza Hut Division |  | 24 |  |  | 15 |  |  | 10 |
Taco Bell Division |  | 56 |  |  | 59 |  |  | 61 |
Habit Burger Grill Division |  | 25 |  |  | — |  |  | — |
Corporate |  | 12 |  |  | 8 |  |  | 8 |
|  | $ | 146 |  |  | $ | 112 |  |  | $ | 137 |
|  | Capital Spending
|  | 2020 |  | 2019 |  | 2018
KFC Division |  | $ | 59 |  |  | $ | 81 |  |  | $ | 105 |
Pizza Hut Division |  | 28 |  |  | 33 |  |  | 38 |
Taco Bell Division |  | 42 |  |  | 76 |  |  | 85 |
Habit Burger Grill Division |  | 16 |  |  | — |  |  | — |
Corporate |  | 15 |  |  | 6 |  |  | 6 |
|  | $ | 160 |  |  | $ | 196 |  |  | $ | 234 |
|  | Identifiable Assets(h)
|  | 2020 |  | 2019 |  |
KFC Division |  | $ | 2,011 |  |  | $ | 2,042 |  |  |
Pizza Hut Division |  | 804 |  |  | 801 |  |  |
Taco Bell Division |  | 1,387 |  |  | 1,330 |  |  |
Habit Burger Grill Division |  | 537 |  |  | — |  |  |
Corporate(g) |  | 1,113 |  |  | 1,058 |  |  |
|  | $ | 5,852 |  |  | $ | 5,231 |  |  |
|  | Long-Lived Assets(i)
|  | 2020 |  | 2019 |  |
KFC Division |  | $ | 1,160 |  |  | $ | 1,179 |  |  |
Pizza Hut Division |  | 415 |  |  | 427 |  |  |
Taco Bell Division |  | 925 |  |  | 938 |  |  |
Habit Burger Grill Division |  | 458 |  |  | — |  |  |
Corporate |  | 68 |  |  | 42 |  |  |
|  | $ | 3,026 |  |  | $ | 2,586 |  |  |
(a)U.S. revenues included in the combined KFC, Pizza Hut, Taco Bell and Habit Burger Grill Divisions totaled $3.2 billion in 2020, $3.0 billion in 2019 and $2.9 billion in 2018. (b) Amounts have not been allocated to any segment for performance reporting purposes. (c) Amounts in 2020 include charitable contributions to Yum! Brands Foundation, Inc. of $50 million and $25 million related to our Unlocking Opportunity Initiative and COVID-19 employee relief, respectively. Additionally, 2020 includes $36 million for charges associated with resource optimization (See Note 5) and $9 million in costs associated with our acquisition and integration of Habit Burger Grill (See Note 3). (d) Represents depreciation reductions arising primarily from KFC restaurants that were held for sale. (e) Represents costs related to an agreement executed in 2015 with our KFC U.S. franchisees that gave us control of brand marketing execution as well as an accelerated path to expanded menu offerings, improved assets and enhanced customer experience (the “KFC U.S. Acceleration Agreement”). Also represents costs related to an agreement executed in May 2017 with our Pizza Hut U.S. franchisees to improve brand marketing alignment, accelerate enhancements in operations and technology and that included a permanent commitment to incremental advertising as well as digital and technology contributions by franchisees (the “Pizza Hut U.S. Transformation Agreement”). (f) Unallocated Other income (expense) in 2020 includes a charge of $144 million related to the impairment of Habit Burger Grill goodwill. See Note 5. (g) Primarily includes cash, deferred tax assets and, in 2019, our Grubhub investment. (h) U.S. identifiable assets included in the combined Corporate and KFC, Pizza Hut, Taco Bell and Habit Burger Grill Divisions totaled $3.0 billion and $2.7 billion in 2020 and 2019, respectively. (i) Includes PP&E, goodwill, intangible assets, net and Operating lease right-of-use assets.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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