XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Revenue Recognition Accounting Policy (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Revenue Recognition and Deferred Revenue [Abstract] |  |  |  |
Disaggregation of Revenue [Table Text Block] |
| Quarter ended 6/30/2024
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 14 |  |  | $ | 268 |  |  | $ | 2 |  |  | $ | 139 |  |  | $ | 423 |
Franchise revenues |  | 47 |  |  | 209 |  |  | 66 |  |  | 2 |  |  | 324 |
Property revenues |  | 3 |  |  | 10 |  |  | 1 |  |  | — |  |  | 14 |
Franchise contributions for advertising and other services |  | 10 |  |  | 161 |  |  | 73 |  |  | — |  |  | 244 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 62 |  |  | — |  |  | 17 |  |  | — |  |  | 79 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 149 |  |  | — |  |  | — |  |  | — |  |  | 149 |
Franchise revenues |  | 282 |  |  | 15 |  |  | 63 |  |  | — |  |  | 360 |
Property revenues |  | 11 |  |  | — |  |  | 1 |  |  | — |  |  | 12 |
Franchise contributions for advertising and other services |  | 139 |  |  | 3 |  |  | 16 |  |  | — |  |  | 158 |
|  | $ | 717 |  |  | $ | 666 |  |  | $ | 239 |  |  | $ | 141 |  |  | $ | 1,763 |
|  | Quarter ended 6/30/2023
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 17 |  |  | $ | 253 |  |  | $ | 4 |  |  | $ | 139 |  |  | $ | 413 |
Franchise revenues |  | 49 |  |  | 194 |  |  | 66 |  |  | 2 |  |  | 311 |
Property revenues |  | 3 |  |  | 10 |  |  | 1 |  |  | — |  |  | 14 |
Franchise contributions for advertising and other services |  | 8 |  |  | 148 |  |  | 74 |  |  | 1 |  |  | 231 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 61 |  |  | — |  |  | 16 |  |  | — |  |  | 77 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 98 |  |  | — |  |  | — |  |  | — |  |  | 98 |
Franchise revenues |  | 290 |  |  | 14 |  |  | 65 |  |  | — |  |  | 369 |
Property revenues |  | 13 |  |  | — |  |  | 1 |  |  | — |  |  | 14 |
Franchise contributions for advertising and other services |  | 143 |  |  | 2 |  |  | 15 |  |  | — |  |  | 160 |
|  | $ | 682 |  |  | $ | 621 |  |  | $ | 242 |  |  | $ | 142 |  |  | $ | 1,687 |
| Year to date 6/30/2024
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 28 |  |  | $ | 508 |  |  | $ | 4 |  |  | $ | 266 |  |  | $ | 806 |
Franchise revenues |  | 90 |  |  | 397 |  |  | 134 |  |  | 3 |  |  | 624 |
Property revenues |  | 6 |  |  | 19 |  |  | 2 |  |  | 1 |  |  | 28 |
Franchise contributions for advertising and other services |  | 20 |  |  | 307 |  |  | 146 |  |  | 1 |  |  | 474 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 130 |  |  | — |  |  | 34 |  |  | — |  |  | 164 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 240 |  |  | — |  |  | — |  |  | — |  |  | 240 |
Franchise revenues |  | 554 |  |  | 28 |  |  | 125 |  |  | — |  |  | 707 |
Property revenues |  | 22 |  |  | — |  |  | 1 |  |  | — |  |  | 23 |
Franchise contributions for advertising and other services |  | 259 |  |  | 5 |  |  | 31 |  |  | — |  |  | 295 |
|  | $ | 1,349 |  |  | $ | 1,264 |  |  | $ | 477 |  |  | $ | 271 |  |  | $ | 3,361 |
| Year to date 6/30/2023
|  | KFC Division |  | Taco Bell Division |  | Pizza Hut Division |  | Habit Burger Grill Division |  | Total
U.S. |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 33 |  |  | $ | 482 |  |  | $ | 9 |  |  | $ | 269 |  |  | $ | 793 |
Franchise revenues |  | 95 |  |  | 372 |  |  | 136 |  |  | 3 |  |  | 606 |
Property revenues |  | 6 |  |  | 20 |  |  | 2 |  |  | 1 |  |  | 29 |
Franchise contributions for advertising and other services |  | 16 |  |  | 288 |  |  | 152 |  |  | 1 |  |  | 457 |
China |  |  |  |  |  |  |  |  |  |
Franchise revenues |  | 127 |  |  | — |  |  | 34 |  |  | — |  |  | 161 |
Other |  |  |  |  |  |  |  |  |  |
Company sales |  | 192 |  |  | — |  |  | — |  |  | — |  |  | 192 |
Franchise revenues |  | 574 |  |  | 27 |  |  | 131 |  |  | — |  |  | 732 |
Property revenues |  | 26 |  |  | — |  |  | 1 |  |  | — |  |  | 27 |
Franchise contributions for advertising and other services |  | 300 |  |  | 4 |  |  | 31 |  |  | — |  |  | 335 |
|  | $ | 1,369 |  |  | $ | 1,193 |  |  | $ | 496 |  |  | $ | 274 |  |  | $ | 3,332 |
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 |  | (40) |
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period |  | 36 |
Other(a) |  | (5) |
Balance at June 30, 2024 |  | $ | 435 |
(a) Primarily includes the settlement of a preexisting contractual relationship related to the KFC U.K. and Ireland restaurant acquisition (see Note 2) and the 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 | $ | 73 |  |
1 - 2 years | 65 |  |
2 - 3 years | 59 |  |
3 - 4 years | 52 |  |
4 - 5 years | 44 |  |
Thereafter | 142 |  |
Total | $ | 435 |  |
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 | $ | 73 |  |
1 - 2 years | 65 |  |
2 - 3 years | 59 |  |
3 - 4 years | 52 |  |
4 - 5 years | 44 |  |
Thereafter | 142 |  |
Total | $ | 435 |  |

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