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Short-term Borrowings and Long-term Debt
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Short-term Borrowings and Long-term Debt Short-term Borrowings and Long-term Debt
Short-term Borrowings6/30/202512/31/2024
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 Notes750 750 
Revolving Facility400 350 
Term Loan A Facility500 500 
Term Loan B Facility1,436 1,444 
YUM Senior Unsecured Notes4,550 4,550 
Finance lease obligations72 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.