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Reportable Operating Segments | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Reportable Operating Segments | Reportable Operating Segments See Note 1 for a description of our operating segments.
|  | Revenues
|  | 2023 |  | 2022 |  | 2021
KFC Division(a) |  | $ | 2,830 |  |  | $ | 2,834 |  |  | $ | 2,793 |
Taco Bell Division(a) |  | 2,641 |  |  | 2,437 |  |  | 2,238 |
Pizza Hut Division(a) |  | 1,019 |  |  | 1,004 |  |  | 1,028 |
Habit Burger Grill Division(a) |  | 586 |  |  | 567 |  |  | 525 |
|  | $ | 7,076 |  |  | $ | 6,842 |  |  | $ | 6,584 |
|  | Operating Profit
|  | 2023 |  | 2022 |  | 2021
KFC Division |  | $ | 1,304 |  |  | $ | 1,198 |  |  | $ | 1,230 |
Taco Bell Division |  | 944 |  |  | 850 |  |  | 758 |
Pizza Hut Division |  | 391 |  |  | 387 |  |  | 387 |
Habit Burger Grill Division |  | (14) |  |  | (24) |  |  | 2 |
Corporate and unallocated G&A expenses(b)(c) |  | (326) |  |  | (297) |  |  | (260) |
Unallocated Franchise and property expenses(b)(c) |  | (1) |  |  | (6) |  |  | 1 |
Unallocated Refranchising gain (loss)(b) |  | 29 |  |  | 27 |  |  | 35 |
Unallocated Other income (expense)(b)(c) |  | (9) |  |  | 52 |  |  | (14) |
Operating Profit |  | 2,318 |  |  | 2,187 |  |  | 2,139 |
Investment income (expense), net(b) |  | 7 |  |  | 11 |  |  | 86 |
Other pension income (expense)(b) |  | 6 |  |  | (9) |  |  | (7) |
Interest expense, net(b) |  | (513) |  |  | (527) |  |  | (544) |
Income before income taxes |  | $ | 1,818 |  |  | $ | 1,662 |  |  | $ | 1,674 |
|  | Depreciation and Amortization
|  | 2023 |  | 2022 |  | 2021
KFC Division |  | $ | 22 |  |  | $ | 23 |  |  | $ | 28 |
Taco Bell Division |  | 61 |  |  | 48 |  |  | 53 |
Pizza Hut Division |  | 20 |  |  | 19 |  |  | 32 |
Habit Burger Grill Division |  | 30 |  |  | 29 |  |  | 28 |
Corporate |  | 20 |  |  | 27 |  |  | 23 |
|  | $ | 153 |  |  | $ | 146 |  |  | $ | 164 |
|  | Capital Spending
|  | 2023 |  | 2022 |  | 2021
KFC Division |  | $ | 73 |  |  | $ | 71 |  |  | $ | 60 |
Taco Bell Division |  | 101 |  |  | 101 |  |  | 62 |
Pizza Hut Division |  | 12 |  |  | 22 |  |  | 18 |
Habit Burger Grill Division |  | 64 |  |  | 56 |  |  | 56 |
Corporate |  | 35 |  |  | 29 |  |  | 34 |
|  | $ | 285 |  |  | $ | 279 |  |  | $ | 230 |
|  | Identifiable Assets(e)
|  | 2023 |  | 2022 |  |
KFC Division |  | $ | 2,281 |  |  | $ | 2,227 |  |  |
Taco Bell Division |  | 1,544 |  |  | 1,483 |  |  |
Pizza Hut Division |  | 814 |  |  | 788 |  |  |
Habit Burger Grill Division |  | 630 |  |  | 591 |  |  |
Corporate(d) |  | 962 |  |  | 757 |  |  |
|  | $ | 6,231 |  |  | $ | 5,846 |  |  |
|  | Long-Lived Assets(f)
|  | 2023 |  | 2022 |  |
KFC Division |  | $ | 891 |  |  | $ | 893 |  |  |
Taco Bell Division |  | 975 |  |  | 950 |  |  |
Pizza Hut Division |  | 378 |  |  | 400 |  |  |
Habit Burger Grill Division |  | 580 |  |  | 534 |  |  |
Corporate |  | 156 |  |  | 128 |  |  |
|  | $ | 2,980 |  |  | $ | 2,905 |  |  |
(a)U.S. revenues included in the combined KFC, Taco Bell, Pizza Hut and Habit Burger Grill Divisions totaled $4.1 billion in 2023, $3.9 billion in 2022 and $3.6 billion in 2021. (b)Amounts have not been allocated to any segment for performance reporting purposes. (c)Our operating results presented herein reflect revenues from and expenses to support the Russian operations for KFC and Pizza Hut prior to the dates of sale or transfer (see Note 3), within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we reclassed such net profits and losses subsequent to that date from the Division segment results in which they were earned to Unallocated Other income (expense). As a result, we reclassed net operating losses of $1 million from KFC Division Other income (expense) to Unallocated Other income (expense) during the year ended December 31, 2023, and net operating profit of $44 million from Divisional Other income (expense) to Unallocated Other income (expense) during the year ended December 31, 2022, respectively. Additionally, we recorded a charge of $3 million to Unallocated Other income (expense) during the year ended December 31, 2023 from the sale of our KFC Russia business. Also included in Unallocated Other income (expense) were $1 million in foreign exchange losses and $13 million in foreign exchange gains attributable to fluctuations in the value of the Russian Ruble during the years ended December 31, 2023 and 2022, respectively. Additionally, we recorded charges of $5 million to Corporate and unallocated G&A expenses and $1 million to Unallocated Franchise and property expenses during the year ended December 31, 2023, for certain expenses related to the disposition of the businesses and other costs related to our exit from Russia. We recorded similar charges of $7 million to Corporate and Unallocated G&A expenses and $6 million to Unallocated Franchise and property expenses during the year ended December 31, 2022. (d)Primarily includes cash and deferred tax assets. (e)U.S. identifiable assets included in the combined Corporate and KFC, Taco Bell, Pizza Hut, and Habit Burger Grill Divisions totaled $2.8 billion at both 2023 and 2022. (f)Includes PP&E, net, goodwill, intangible assets, net and Operating lease right-of-use assets. Excludes KFC Russia long-lived assets of $108 million as of December 31, 2022 which were classified as held for sale and are included in Prepaid expenses and other current assets in our Consolidated Balance Sheet (see Note 9).

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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