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Revenue Recognition Accounting Policy | 3 Months Ended
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Mar. 31, 2022
Revenue Recognition and Deferred Revenue [Abstract] |
Revenue Recognition | Revenue Recognition Disaggregation of Total Revenues 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 3/31/2022
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 15 |  |  | $ | 214 |  |  | $ | 5 |  |  | $ | 125 |  |  | $ | 359 |
Franchise revenues |  | 45 |  |  | 157 |  |  | 64 |  |  | 1 |  |  | 267 |
Property revenues |  | 3 |  |  | 11 |  |  | 1 |  |  | — |  |  | 15 |
Franchise contributions for advertising and other services |  | 6 |  |  | 123 |  |  | 72 |  |  | — |  |  | 201 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 61 |  |  | — |  |  | 16 |  |  | — |  |  | 77 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 111 |  |  | — |  |  | — |  |  | — |  |  | 111 |
Franchise revenues |  | 260 |  |  | 11 |  |  | 70 |  |  | — |  |  | 341 |
Property revenues |  | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Franchise contributions for advertising and other services |  | 145 |  |  | 1 |  |  | 16 |  |  | — |  |  | 162 |
|  | $ | 660 |  |  | $ | 517 |  |  | $ | 244 |  |  | $ | 126 |  |  | $ | 1,547 |
|  | Quarter ended 3/31/2021
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 14 |  |  | $ | 208 |  |  | $ | 5 |  |  | $ | 121 |  |  | $ | 348 |
Franchise revenues |  | 44 |  |  | 144 |  |  | 67 |  |  | 1 |  |  | 256 |
Property revenues |  | 4 |  |  | 10 |  |  | — |  |  | — |  |  | 14 |
Franchise contributions for advertising and other services |  | 6 |  |  | 117 |  |  | 79 |  |  | — |  |  | 202 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 62 |  |  | — |  |  | 16 |  |  | — |  |  | 78 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 119 |  |  | — |  |  | 9 |  |  | — |  |  | 128 |
Franchise revenues |  | 230 |  |  | 8 |  |  | 57 |  |  | — |  |  | 295 |
Property revenues |  | 14 |  |  | — |  |  | 1 |  |  | — |  |  | 15 |
Franchise contributions for advertising and other services |  | 132 |  |  | 1 |  |  | 17 |  |  | — |  |  | 150 |
|  | $ | 625 |  |  | $ | 488 |  |  | $ | 251 |  |  | $ | 122 |  |  | $ | 1,486 |
Contract Liabilities Our contract liabilities are comprised of unamortized upfront fees received from franchisees and are presented within Accounts payable and other current liabilities and Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets. A summary of significant changes to the contract liability balance during 2022 is presented below.
|  | Deferred Franchise Fees
Balance at December 31, 2021 |  | $ | 421 |
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period |  | (19) |
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period |  | 16 |
Balance at March 31, 2022 |  | $ | 418 |
We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:
Less than 1 year | $ | 67 |  |
1 - 2 years | 62 |  |
2 - 3 years | 57 |  |
3 - 4 years | 50 |  |
4 - 5 years | 44 |  |
Thereafter | 138 |  |
Total | $ | 418 |  |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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