XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Revenue Recognition Accounting Policy (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract] |  |
Disaggregation of Revenue [Table Text Block] |
| Quarter ended 3/31/2024
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 14 |  |  | $ | 240 |  |  | $ | 2 |  |  | $ | 127 |  |  | $ | 383 |
Franchise revenues |  | 43 |  |  | 188 |  |  | 68 |  |  | 1 |  |  | 300 |
Property revenues |  | 3 |  |  | 9 |  |  | 1 |  |  | 1 |  |  | 14 |
Franchise contributions for advertising and other services |  | 10 |  |  | 146 |  |  | 73 |  |  | 1 |  |  | 230 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 68 |  |  | — |  |  | 17 |  |  | — |  |  | 85 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 91 |  |  | — |  |  | — |  |  | — |  |  | 91 |
Franchise revenues |  | 272 |  |  | 13 |  |  | 62 |  |  | — |  |  | 347 |
Property revenues |  | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Franchise contributions for advertising and other services |  | 120 |  |  | 2 |  |  | 15 |  |  | — |  |  | 137 |
|  | $ | 632 |  |  | $ | 598 |  |  | $ | 238 |  |  | $ | 130 |  |  | $ | 1,598 |
|  | Quarter ended 3/31/2023
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 16 |  |  | $ | 229 |  |  | $ | 5 |  |  | $ | 130 |  |  | $ | 380 |
Franchise revenues |  | 46 |  |  | 178 |  |  | 70 |  |  | 1 |  |  | 295 |
Property revenues |  | 3 |  |  | 10 |  |  | 1 |  |  | 1 |  |  | 15 |
Franchise contributions for advertising and other services |  | 8 |  |  | 140 |  |  | 78 |  |  | — |  |  | 226 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 66 |  |  | — |  |  | 18 |  |  | — |  |  | 84 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 94 |  |  | — |  |  | — |  |  | — |  |  | 94 |
Franchise revenues |  | 284 |  |  | 13 |  |  | 66 |  |  | — |  |  | 363 |
Property revenues |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Franchise contributions for advertising and other services |  | 157 |  |  | 2 |  |  | 16 |  |  | — |  |  | 175 |
|  | $ | 687 |  |  | $ | 572 |  |  | $ | 254 |  |  | $ | 132 |  |  | $ | 1,645 |
Deferred Franchise Fees [Table Text Block] |
|  | Deferred Franchise Fees
Balance at December 31, 2023 |  | $ | 444 |
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period |  | (20) |
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period |  | 19 |
Other(a) |  | (3) |
Balance at March 31, 2024 |  | $ | 440 |
(a) Primarily includes impact of foreign currency translation. We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:
Less than 1 year | $ | 72 |  |
1 - 2 years | 65 |  |
2 - 3 years | 59 |  |
3 - 4 years | 53 |  |
4 - 5 years | 44 |  |
Thereafter | 147 |  |
Total | $ | 440 |  |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:
Less than 1 year | $ | 72 |  |
1 - 2 years | 65 |  |
2 - 3 years | 59 |  |
3 - 4 years | 53 |  |
4 - 5 years | 44 |  |
Thereafter | 147 |  |
Total | $ | 440 |  |

X
- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration