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Reportable Operating Segments
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Reportable Operating Segments Reportable Operating Segments
See Note 1 for a description of our operating segments.
 Revenues
 202120202019
KFC Division(a)
$2,793 $2,272 $2,491 
Taco Bell Division(a)
2,238 2,031 2,079 
Pizza Hut Division(a)
1,028 1,002 1,027 
Habit Burger Grill Division(a)
525 347 — 
 $6,584 $5,652 $5,597 
 Operating Profit
 202120202019
KFC Division$1,230 $922 $1,052 
Taco Bell Division758 696 683 
Pizza Hut Division387 335 369 
Habit Burger Grill Division(22)— 
Corporate and unallocated G&A expenses(b)(c)
(260)(312)(188)
Unallocated Franchise and property expenses(b)(d)
(4)(14)
Unallocated Refranchising gain (loss)(b)
35 34 37 
Unallocated Other income (expense)(b)(e)
(14)(146)(9)
Operating Profit2,139 1,503 1,930 
Investment income (expense), net(b)
86 74 (67)
Other pension income (expense)(b)
(7)(14)(4)
Interest expense, net(b)
(544)(543)(486)
Income before income taxes$1,674 $1,020 $1,373 
 Depreciation and Amortization
 202120202019
KFC Division$28 $29 $30 
Taco Bell Division53 56 59 
Pizza Hut Division32 24 15 
Habit Burger Grill Division28 25 — 
Corporate23 12 
 $164 $146 $112 
 Capital Spending
 202120202019
KFC Division$60 $59 $81 
Taco Bell Division62 42 76 
Pizza Hut Division18 28 33 
Habit Burger Grill Division56 16 — 
Corporate34 15 
 $230 $160 $196 
 
Identifiable Assets(g)
20212020
KFC Division$2,313 $2,011 
Taco Bell Division1,397 1,387 
Pizza Hut Division850 804 
Habit Burger Grill Division586 537 
Corporate(f)
820 1,113 
 $5,966 $5,852 

 
Long-Lived Assets(h)
 20212020
KFC Division$1,069 $1,160 
Taco Bell Division904 925 
Pizza Hut Division423 415 
Habit Burger Grill Division516 458 
Corporate120 68 
 $3,032 $3,026 

(a)U.S. revenues included in the combined KFC, Taco Bell, Pizza Hut and Habit Burger Grill Divisions totaled $3.6 billion in 2021, $3.2 billion in 2020 and $3.0 billion in 2019.

(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).

(d)    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”).

(e)    Unallocated Other income (expense) in 2020 includes a charge of $144 million related to the impairment of Habit Burger Grill goodwill (see Note 3).

(f)    Primarily includes cash and deferred tax assets.

(g)    U.S. identifiable assets included in the combined Corporate and KFC, Taco Bell, Pizza Hut, and Habit Burger Grill Divisions totaled $2.8 billion and $3.0 billion in 2021 and 2020, respectively.

(h)    Includes PP&E, net, goodwill, intangible assets, net and Operating lease right-of-use assets.