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Reportable Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Reportable Operating Segments We identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments:
| Quarter ended |  | Year to date
Revenues | 2024 |  | 2023 |  | 2024 |  | 2023
KFC Division | $ | 717 |  |  | $ | 682 |  |  | $ | 1,349 |  |  | $ | 1,369 |
Taco Bell Division | 666 |  |  | 621 |  |  | 1,264 |  |  | 1,193 |
Pizza Hut Division | 239 |  |  | 242 |  |  | 477 |  |  | 496 |
Habit Burger Grill Division | 141 |  |  | 142 |  |  | 271 |  |  | 274 |
| $ | 1,763 |  |  | $ | 1,687 |  |  | $ | 3,361 |  |  | $ | 3,332 |
| Quarter ended |  | Year to date
Operating Profit | 2024 |  | 2023 |  | 2024 |  | 2023
KFC Division | $ | 334 |  |  | $ | 326 |  |  | $ | 647 |  |  | $ | 631 |
Taco Bell Division | 250 |  |  | 228 |  |  | 458 |  |  | 432 |
Pizza Hut Division | 94 |  |  | 91 |  |  | 187 |  |  | 195 |
Habit Burger Grill Division | 2 |  |  | 3 |  |  | (3) |  |  | (2) |
Corporate and unallocated G&A expenses | (86) |  |  | (86) |  |  | (175) |  |  | (170) |
Unallocated Company restaurant expenses(a) | (1) |  |  | — |  |  | (1) |  |  | — |
Unallocated Franchise and property income (expenses) | — |  |  | (1) |  |  | — |  |  | (2) |
Unallocated Refranchising gain (loss) | 14 |  |  | 17 |  |  | 19 |  |  | 21 |
Unallocated Other income (expense) | — |  |  | (5) |  |  | (5) |  |  | (9) |
Operating Profit | $ | 607 |  |  | $ | 573 |  |  | $ | 1,127 |  |  | $ | 1,096 |
Investment income (expense), net(b) | — |  |  | 29 |  |  | (22) |  |  | 5 |
Other pension income (expense) | 1 |  |  | 1 |  |  | 3 |  |  | 3 |
Interest expense, net | (121) |  |  | (125) |  |  | (238) |  |  | (255) |
Income before income taxes | $ | 487 |  |  | $ | 478 |  |  | $ | 870 |  |  | $ | 849 |
Our chief operating decision maker (“CODM”) does not consider the impact of Corporate and unallocated amounts when assessing Divisional segment performance. As such, we do not allocate such amounts to our Divisional segments for performance reporting purposes. (a)Unallocated Company restaurant expenses include amortization of reacquired franchise rights (see Note 2). (b)Includes changes in the value of our investment in Devyani International Limited (see Note 13).

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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