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Share-based and Deferred Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Compensation Related Costs [Abstract] |
Summary of award activity | Stock Options and SARs
|  | Shares (in thousands) |  | Weighted-Average Exercise Price |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at the beginning of the year |  | 11,281 |  |  |  |  | $ | 86.18 |  |  |  |  |
Granted |  | 1,057 |  |  |  |  | 131.28 |  |  |  |  |
Exercised |  | (2,016) |  |  |  |  | 74.33 |  |  |  |  |
Forfeited or expired |  | (218) |  |  |  |  | 117.63 |  |  |  |  |
Outstanding at the end of the year |  | 10,104 |  | (a) |  |  | 92.58 |  |  | 6.44 |  | $ | 385 |
Exercisable at the end of the year |  | 7,499 |  |  |  |  | $ | 83.37 |  |  | 5.54 |  | $ | 355 |
(a)Outstanding awards include 309 options and 9,795 SARs with weighted average exercise prices of $103.33 and $92.25, respectively. Outstanding awards represent YUM awards held by employees of both YUM and Yum China.
Impact on net income | The components of share-based compensation expense and the related income tax benefits are shown in the following table:
|  | 2023 |  | 2022 |  | 2021 |
Options and SARs |  | $ | 27 |  |  | $ | 26 |  |  | $ | 29 |  |
Restricted Stock Units |  | 35 |  |  | 27 |  |  | 16 |  |
Performance Share Units |  | 33 |  |  | 29 |  |  | 30 |  |
Total Share-based Compensation Expense |  | $ | 95 |  |  | $ | 82 |  |  | $ | 75 |  |
Deferred Tax Benefit recognized |  | $ | 12 |  |  | $ | 16 |  |  | $ | 15 |  |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | We estimated the fair value of each stock option and SAR award as of the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
|  | 2023 |  | 2022 |  | 2021
Risk-free interest rate |  | 3.6 | % |  | 1.7 | % |  | 0.5 | %
Expected term |  | 5.9 years |  | 6.6 years |  | 6.3 years
Expected volatility |  | 22.0 | % |  | 25.0 | % |  | 27.0 | %
Expected dividend yield |  | 1.8 | % |  | 1.9 | % |  | 1.9 | %

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the components of share-based compensation expense and the related income tax benefits. + References No definition available. + Details
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