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Short-term Borrowings and Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
 20212020
Short-term Borrowings  
Current maturities of long-term debt$75 $463 
Less current portion of debt issuance costs and discounts(7)(10)
Short-term borrowings$68 $453 
Long-term Debt  
Securitization Notes$3,811 $2,869 
Subsidiary Senior Unsecured Notes750 1,800 
Term Loan A Facility750 431 
Term Loan B Facility1,489 1,916 
YUM Senior Unsecured Notes4,475 3,725 
Finance lease obligations (See Note 12)
64 72 
 $11,339 $10,813 
Less debt issuance costs and discounts(86)(78)
Less current maturities of long-term debt(75)(463)
Long-term debt$11,178 $10,272 
Securitization Notes issued that remain outstanding The following table summarizes Securitization Notes outstanding at December 31, 2021:
   Interest Rate
Issuance Date
Anticipated Repayment Date(a)
Outstanding Principal
(in millions)		Stated
Effective(b)
May 2016May 2026$955 4.970 %5.14 %
November 2018November 2028$606 4.940 %5.06 %
August 2021February 2027$900 1.946 %2.11 %
August 2021February 2029$600 2.294 %2.42 %
August 2021August 2031$750 2.542 %2.64 %

(a)The legal final maturity dates of the Securitization Notes issued in 2016, 2018 and 2021 are May 2046, November 2048 and August 2051, respectively. If the Issuer has not repaid or refinanced a series of Securitization Notes prior to its respective Anticipated Repayment Dates, rapid amortization of principal on all Securitization Notes will occur and additional interest will accrue on the Securitization Notes.

(b)Includes the effects of the amortization of any discount and debt issuance costs.
Credit Agreement and Subsidiary Senior Unsecured Notes issued that remain outstanding
   Interest Rate
Issuance DateMaturity DateOutstanding Principal
(in millions)		Stated
Effective(b)
Term Loan A FacilityMarch 2021March 2026$750 (a)0.96 %
Term Loan B FacilityMarch 2021March 2028$1,489 (a)4.99 %
Senior Note Due 2027June 2017June 2027$750 4.75 %4.90 %

(a)Subsequent to the refinance, the interest rates applicable to the Term Loan A Facility as well as the Revolving Facility range from 0.75% to 1.50% plus LIBOR or from 0.00% to 0.50% plus the Base Rate (as defined in the Credit Agreement), at the Borrowers’ election, based upon the total leverage ratio (as defined in the Credit Agreement). As of December 31, 2021, the interest rate spreads on the LIBOR and Base Rate applicable to our Term Loan A Facility were 0.75% and 0.00%, respectively.

The interest rates applicable to the Term Loan B Facility are 1.75% plus LIBOR or 0.75% plus the Base Rate, at the Borrowers’ election.

(b)    Includes the effects of the amortization of any discount and debt issuance costs as well as the impact of the interest rate swaps on the Term Loan A and Term Loan B Facilities (see Note 13). The effective rates related to our Term Loan A and B Facilities are based on LIBOR-based interest rates through December 31, 2021.
Senior Unsecured Notes issued that remain outstanding The following table summarizes all YUM Senior Unsecured Notes issued that remain outstanding at December 31, 2021:
   Interest Rate
Issuance DateMaturity DatePrincipal Amount (in millions)Stated
Effective(a)
October 2007November 2037$325 6.88 %7.45 %
October 2013November 2023$325 3.88 %4.01 %
October 2013November 2043$275 5.35 %5.42 %
September 2019January 2030$800 4.75 %4.90 %
April 2020April 2025$600 7.75 %8.05 %
September 2020March 2031$1,050 3.63 %3.77 %
April 2021January 2032$1,100 4.63 %4.77 %

(a)Includes the effects of the amortization of any (1) premium or discount; (2) debt issuance costs; and (3) gain or loss upon settlement of related treasury locks and forward starting interest rate swaps utilized to hedge the interest rate risk prior to debt issuance.
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments
The annual maturities of all Short-term borrowings and Long-term debt as of December 31, 2021, excluding finance lease obligations of $64 million and debt issuance costs and discounts of $93 million are as follows:

 
Year ended: 
2022$68 
2023398 
202487 
2025692 
20261,606 
Thereafter8,424 
Total$11,275