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Short-term Borrowings and Long-term Debt | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Short-term Borrowings and Long-term Debt | Short-term Borrowings and Long-term Debt
Short-term Borrowings |  | 6/30/2025 |  | 12/31/2024
Current maturities of long-term debt |  | $ | 974 |  |  | $ | 29 |
Other |  | 2 |  |  | — |
|  | 975 |  |  | 29 |
Less current portion of debt issuance costs and discounts |  | (3) |  |  | (2) |
Short-term borrowings |  | $ | 971 |  |  | $ | 27 |
Long-term Debt |  |  |  |
Securitization Notes |  | $ | 3,743 |  |  | $ | 3,743 |
Subsidiary Senior Unsecured Notes |  | 750 |  |  | 750 |
Revolving Facility |  | 400 |  |  | 350 |
Term Loan A Facility |  | 500 |  |  | 500 |
Term Loan B Facility |  | 1,436 |  |  | 1,444 |
YUM Senior Unsecured Notes |  | 4,550 |  |  | 4,550 |
Finance lease obligations |  | 72 |  |  | 67 |
|  | $ | 11,451 |  |  | $ | 11,404 |
Less long-term portion of debt issuance costs and discounts |  | (60) |  |  | (69) |
Less current maturities of long-term debt |  | (974) |  |  | (29) |
Long-term debt |  | $ | 10,418 |  |  | $ | 11,306 |
The anticipated repayment date for $938 million in Securitization Notes is in May of 2026 (the “May 2016 Securitization Notes”) and accordingly, these notes have been classified as Short-term borrowings in our Condensed Consolidated Balance Sheet as of June 30, 2025. The Company expects to refinance the May 2016 Securitization Notes prior to the anticipated repayment date. If the Company does not repay or refinance the May 2016 Securitization Notes prior to the anticipated repayment date, we are subject to rapid amortization of principal on all Securitization Notes and additional interest of at least 7% will accrue on the Securitization Notes. Details of our Short-term borrowings and Long-term debt as of December 31, 2024 can be found within our 2024 Form 10-K. Cash paid for interest during the years to date ended June 30, 2025 and 2024, was $256 million and $254 million, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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