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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill are as follows:
|  | KFC |  | Taco Bell |  | Pizza Hut |  | Habit Burger & Grill |  | Worldwide
Goodwill, net as of December 31, 2022(a) |  | $ | 225 |  |  | $ | 98 |  |  | $ | 249 |  |  | $ | 66 |  |  | $ | 638 |
Disposals and other, net(b) |  | 1 |  |  | — |  |  | 3 |  |  | — |  |  | 4 |
Goodwill, net as of December 31, 2023(a) |  | $ | 226 |  |  | $ | 98 |  |  | $ | 252 |  |  | $ | 66 |  |  | $ | 642 |
Acquisitions(c) |  | 98 |  |  | — |  |  | — |  |  | — |  |  | 98 |
Disposals and other, net(b) |  | (3) |  |  | — |  |  | (1) |  |  | — |  |  | (4) |
Goodwill, net as of December 31, 2024(a) |  | $ | 321 |  |  | $ | 98 |  |  | $ | 251 |  |  | $ | 66 |  |  | $ | 736 |
(a)Goodwill, net includes $144 million of accumulated impairment losses related to our Habit Burger & Grill segment and $17 million of accumulated impairment losses related to our Pizza Hut segment for each year presented. (b)Disposals and other, net includes the impact of foreign currency translation on existing balances and goodwill write-offs associated with refranchising. (c)Primarily relates to the acquisition from a franchisee of KFC restaurants in the U.K. and Ireland. See Note 3. Intangible assets, net for the years ended 2024 and 2023 are as follows:
|  | 2024 |  | 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets |  |  |  |  |  |  |  |
Capitalized software costs |  | $ | 479 |  |  | $ | (266) |  |  | $ | 524 |  |  | $ | (309) |
Reacquired franchise rights |  | 59 |  |  | (10) |  |  | 7 |  |  | (3) |
Franchise contract rights |  | 26 |  |  | (24) |  |  | 78 |  |  | (73) |
Other |  | 20 |  |  | (16) |  |  | 24 |  |  | (19) |
|  | $ | 584 |  |  | $ | (316) |  |  | $ | 633 |  |  | $ | (404) |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |
KFC trademark |  | $ | 31 |  |  |  |  | $ | 31 |  |  |
Habit Burger & Grill brand asset |  | 96 |  |  |  |  | 96 |  |  |
Other |  | 21 |  |  |  |  | 21 |  |  |
|  | $ | 148 |  |  |  |  | $ | 148 |  |  |
Amortization expense for all finite-lived intangible assets was $82 million in 2024, $74 million in 2023 and $68 million in 2022. Amortization expense for finite-lived intangible assets, based on existing intangible assets as of December 31, 2024, is expected to approximate $89 million in 2025, $70 million in 2026, $53 million in 2027, $32 million in 2028 and $16 million in 2029.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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