XML 61 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1

Share-based and Deferred Compensation Plans (Tables)

12 Months Ended

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		%

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationRelatedCostsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the components of share-based compensation expense and the related income tax benefits.

+ References

No definition available.

+ Details

Name:	yum_ImpactOnNetIncomeTableTextBlock
Namespace Prefix:	yum_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration