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Reportable Operating Segments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Revenues $ 1,979 $ 1,826 $ 5,699 $ 5,187  
Operating Profit [1] 666 619 1,836 1,746  
General and Administrative Expense 282 263 885 830  
Company restaurant expenses 587 523 1,668 1,393  
Franchise and property expenses 35 36 107 90  
Refranchising (gain) loss (17) (12) (33) (31)  
Other (income) expense (1) (4) (15) (10)  
Investment (income) expense, net [1] 0 (1) [2] (1) [2] 21 [2]  
Other pension income (expense) [1] (1) 2 0 5  
Interest Income (Expense), Net [1] (124) (120) (368) (358)  
Income Before Income Taxes [1] 541 502 1,470 1,372  
Franchise advertising and other services expense 427 401 1,251 1,169  
Segment, Expenditure, Addition to Long-Lived Assets 94 52 236 151  
Depreciation and amortization [3] 50 44 139 120  
Unrealized Gain (Loss) on Investments       20  
Short-term borrowings $ 48   $ 48   $ 27
Revenue Recognition     Revenue Recognition
Disaggregation of Total Revenues

The following tables disaggregate revenue by Concept, for our two most significant markets based on Operating Profit and for all other markets. We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors.
Quarter ended 9/30/2025
KFC DivisionTaco Bell DivisionPizza Hut Division
Habit Burger & Grill Division
Total
U.S.
Company sales$26 $296 $$130 $461 
Franchise revenues46 229 59 335 
Property revenues13 
Franchise contributions for advertising and other services11 174 67 254 
China
Franchise revenues74 — 19 — 93 
Other
Company sales234 — — 235 
Franchise revenues325 17 67 — 408 
Property revenues11 — — — 11 
Franchise contributions for advertising and other services150 18 — 172 
$879 $730 $240 $134 $1,983 
(a)
(a)    Does not include a charge of $4 million to Unallocated Franchise revenues during the quarter ended September 30, 2025.

Quarter ended 9/30/2024
KFC DivisionTaco Bell DivisionPizza Hut Division
Habit Burger & Grill Division
Total
U.S.
Company sales$17 $267 $$133 $418 
Franchise revenues44 211 66 323 
Property revenues14 
Franchise contributions for advertising and other services10 161 71 243 
China
Franchise revenues70 — 17 — 87 
Other
Company sales203 — — — 203 
Franchise revenues288 15 66 — 369 
Property revenues11 — — — 11 
Franchise contributions for advertising and other services138 16 — 158 
$785 $666 $238 $137 $1,826 
Year to date 9/30/2025
KFC DivisionTaco Bell DivisionPizza Hut Division
Habit Burger & Grill Division
Total
U.S.
Company sales$72 $843 $20 $385 $1,320 
Franchise revenues130 664 185 985 
Property revenues25 40 
Franchise contributions for advertising and other services31 504 203 741 
China
Franchise revenues209 — 52 — 261 
Other
Company sales648 — — 654 
Franchise revenues923 45 195 — 1,163 
Property revenues32 — — 33 
Franchise contributions for advertising and other services447 10 51 — 508 
$2,501 $2,098 $710 $395 $5,704 
(a)

(a)    Does not include a charge of $5 million to Unallocated Franchise revenues during the year to date ended September 30, 2025.

Year to date 9/30/2024
KFC DivisionTaco Bell DivisionPizza Hut Division
Habit Burger & Grill Division
Total
U.S.
Company sales$45 $775 $$399 $1,224 
Franchise revenues134 608 200 947 
Property revenues10 27 42 
Franchise contributions for advertising and other services30 468 217 717 
China
Franchise revenues200 — 51 — 251 
Other
Company sales443 — — — 443 
Franchise revenues842 43 191 — 1,076 
Property revenues33 — — 34 
Franchise contributions for advertising and other services397 47 — 453 
$2,134 $1,930 $715 $408 $5,187 
Contract Liabilities

Our contract liabilities are comprised of unamortized upfront fees received from franchisees and are presented within Accounts payable and other current liabilities and Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets. A summary of significant changes to the contract liability balance during 2025 is presented below.
Deferred Franchise Fees
Balance at December 31, 2024
$438 
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period(62)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period49 
Other(a)
Balance at September 30, 2025
$431 

(a)    Primarily includes 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$75 
1 - 2 years67 
2 - 3 years58 
3 - 4 years50 
4 - 5 years43 
Thereafter138 
Total$431 
   
Devyani          
Segment Reporting Information [Line Items]          
Equity Method Investment, Ownership Percentage 5.00%   5.00%    
General and Administrative Expense          
Segment Reporting Information [Line Items]          
Costs Associated with Resource Optimization Initiative $ 5 11 $ 37 57  
Costs Associated with Brand Headquarters Consolidation 3   20    
UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 1,063 995 3,085 2,928  
UNITED KINGDOM          
Segment Reporting Information [Line Items]          
Revenues 245 216 683 492  
Non-US & UK          
Segment Reporting Information [Line Items]          
Revenues 672 615 1,931 1,766  
All Countries [Domain]          
Segment Reporting Information [Line Items]          
Revenues 1,979 1,826 5,699 5,187  
Company Sales          
Segment Reporting Information [Line Items]          
Revenues 697 621 1,974 1,667  
Company Sales | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 461 418 1,320 1,224  
Franchise contributions for advertising and other services          
Segment Reporting Information [Line Items]          
Revenues 426 401 1,249 1,170  
Franchise contributions for advertising and other services | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 254 243 741 717  
KFC Global Division [Member]          
Segment Reporting Information [Line Items]          
Revenues 879 785 2,501 [4] 2,134  
Operating Profit 392 339 1,088 986  
General and Administrative Expense 88 86 255 253  
Company restaurant expenses 224 192 635 428  
Costs of Franchised Outlets 15 20 51 46  
Franchise advertising and other services expense 160 148 472 424  
Other Nonoperating Income (Expense) 0 0 1 (3)  
Segment, Expenditure, Addition to Long-Lived Assets 34 13 71 32  
Depreciation and amortization [3] 14 9 35 19  
KFC Global Division [Member] | Company Sales          
Segment Reporting Information [Line Items]          
Revenues 259 220 721 488  
KFC Global Division [Member] | Company Sales | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 26 17 72 45  
KFC Global Division [Member] | Franchise and property revenue          
Segment Reporting Information [Line Items]          
Revenues 459 417 1,303 1,219  
KFC Global Division [Member] | Franchise contributions for advertising and other services          
Segment Reporting Information [Line Items]          
Revenues 161 148 478 427  
KFC Global Division [Member] | Franchise contributions for advertising and other services | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 11 10 31 30  
Pizza Hut Global Division [Member]          
Segment Reporting Information [Line Items]          
Revenues 240 238 710 [4] 715  
Operating Profit 84 91 239 278  
General and Administrative Expense 50 51 159 153  
Company restaurant expenses 10 1 21 5  
Costs of Franchised Outlets 11 9 32 19  
Franchise advertising and other services expense 89 89 268 270  
Other Nonoperating Income (Expense) (4) (3) (9) (10)  
Segment, Expenditure, Addition to Long-Lived Assets 8 4 23 9  
Depreciation and amortization [3] 6 4 15 11  
Pizza Hut Global Division [Member] | Company Sales          
Segment Reporting Information [Line Items]          
Revenues 9 1 20 5  
Pizza Hut Global Division [Member] | Company Sales | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 9 1 20 5  
Pizza Hut Global Division [Member] | Franchise and property revenue          
Segment Reporting Information [Line Items]          
Revenues 146 150 436 446  
Pizza Hut Global Division [Member] | Franchise contributions for advertising and other services          
Segment Reporting Information [Line Items]          
Revenues 85 87 255 264  
Pizza Hut Global Division [Member] | Franchise contributions for advertising and other services | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 67 71 203 217  
Taco Bell Global Division [Member]          
Segment Reporting Information [Line Items]          
Revenues 730 666 2,098 [4] 1,930  
Operating Profit 267 251 770 709  
General and Administrative Expense 50 41 148 137  
Company restaurant expenses 227 205 649 590  
Costs of Franchised Outlets 8 6 22 22  
Franchise advertising and other services expense 177 163 510 473  
Other Nonoperating Income (Expense) 0 0 0 (1)  
Segment, Expenditure, Addition to Long-Lived Assets 26 16 75 57  
Depreciation and amortization [3] 17 15 49 44  
Taco Bell Global Division [Member] | Company Sales          
Segment Reporting Information [Line Items]          
Revenues 298 267 848 775  
Taco Bell Global Division [Member] | Company Sales | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 296 267 843 775  
Taco Bell Global Division [Member] | Franchise and property revenue          
Segment Reporting Information [Line Items]          
Revenues 254 234 735 678  
Taco Bell Global Division [Member] | Franchise contributions for advertising and other services          
Segment Reporting Information [Line Items]          
Revenues 178 165 514 477  
Taco Bell Global Division [Member] | Franchise contributions for advertising and other services | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 174 161 504 468  
The Habit Burger Grill Global Division          
Segment Reporting Information [Line Items]          
Revenues 134 137 395 [4] 408  
Operating Profit (2) 1 0 (2)  
General and Administrative Expense 13 11 39 38  
Company restaurant expenses 121 122 352 366  
Costs of Franchised Outlets 1 1 3 3  
Franchise advertising and other services expense 1 1 2 2  
Other Nonoperating Income (Expense) 0 1 1 1  
Segment, Expenditure, Addition to Long-Lived Assets 14 11 32 28  
Depreciation and amortization [3] 7 7 20 22  
The Habit Burger Grill Global Division | Company Sales          
Segment Reporting Information [Line Items]          
Revenues 130 133 385 399  
The Habit Burger Grill Global Division | Company Sales | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 130 133 385 399  
The Habit Burger Grill Global Division | Franchise and property revenue          
Segment Reporting Information [Line Items]          
Revenues 3 3 8 7  
The Habit Burger Grill Global Division | Franchise contributions for advertising and other services          
Segment Reporting Information [Line Items]          
Revenues 1 1 2 2  
The Habit Burger Grill Global Division | Franchise contributions for advertising and other services | UNITED STATES          
Segment Reporting Information [Line Items]          
Revenues 1 1 2 2  
Unallocated [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] (4) 0 (5) 0  
General and Administrative Expense [1],[5] (80) (74) (285) (249)  
Costs of Franchised Outlets [1],[6] (4) (3) (11) (4)  
Other Nonoperating Income (Expense) [1] (3) 2 8 (3)  
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property [1] 17 12 33 31  
Segment, Expenditure, Addition to Long-Lived Assets 12 8 35 25  
Depreciation and amortization [3] 8 9 22 24  
Total Division          
Segment Reporting Information [Line Items]          
Revenues 1,983 1,826 5,704 [4] 5,187  
Operating Profit 741 682 2,096 1,971  
General and Administrative Expense 201 189 600 581  
Company restaurant expenses 583 520 1,657 1,389  
Costs of Franchised Outlets 35 36 107 90  
Franchise advertising and other services expense 427 401 1,251 1,169  
Other Nonoperating Income (Expense) (3) (2) (8) (13)  
Total Division | Company Sales          
Segment Reporting Information [Line Items]          
Revenues 697 621 1,974 1,667  
Total Division | Franchise and property revenue          
Segment Reporting Information [Line Items]          
Revenues 861 804 2,482 2,350  
Total Division | Franchise contributions for advertising and other services          
Segment Reporting Information [Line Items]          
Revenues $ 426 $ 401 $ 1,249 $ 1,170  
[1] Amounts have not been allocated to any segment for performance reporting purposes.
[2] Investment income (expense), net includes $20 million of pre-tax investment losses related changes in fair value of our approximate 5% minority interest in Devyani International Limited prior to the date of sale during the year to date ended September 30, 2024.
(f)The United States and United Kingdom represented 10% or more of our total revenues for certain periods presented.
[3] The amounts of depreciation and amortization disclosed by reportable segment are primarily included within the segment expense captions of Company restaurant expenses and G&A expenses
[4] Does not include a charge of $5 million to Unallocated Franchise revenues during the year to date ended September 30, 2025.
[5] Corporate and unallocated G&A expenses include charges of $5 million and $11 million in the quarters ended September 30, 2025 and 2024, respectively, related to our resource optimization program and $3 million in the quarter
ended September 30, 2025 related to our brand headquarters consolidation. Corporate and unallocated G&A expenses include charges of $37 million and $57 million in the years to date ended September 30, 2025 and 2024, respectively, related to our resource optimization program and $20 million in the year to date ended September 30, 2025, related to our brand headquarters consolidation.
[6] Unallocated Company restaurant expenses include amortization of reacquired franchise rights.