YUM Yum Brands Inc

Total costs and expenses, net

(14)

(17)

(19)

(21)

Other (income) expense

(5)

(6)

1,156

1,114

2,234

2,236

Investment (income) expense, net

607

573

1,127

1,096

^[1]

(29)

(5)

Other pension (income) expense

(1)

(3)

Interest expense, net

121

125

238

255

Income Before Income Taxes

487

478

870

849

Income tax provision

120

189

131

Net Income

$ 367

$ 418

$ 681

$ 718

Basic Earnings Per Common Share

$ 1.30

$ 1.49

$ 2.41

$ 2.55

Diluted Earnings Per Common Share

1.28

1.46

2.38

2.51

Dividends Declared Per Common Share

$ 0.67

$ 0.605

$ 1.34

$ 1.21

Company Sales

Revenues

Franchise and property revenues

$ 572

$ 511

$ 1,046

$ 985

Revenues

Franchise contributions for advertising and other services

789

785

1,546

1,555

Revenues

Depreciation and amortization

$ 402

$ 391

$ 769

$ 792

[1]	Includes changes in the value of our investment in Devyani International Limited (see Note 13).

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Income	$ 367	$ 418	$ 681	$ 718
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature
Adjustments and gains (losses) arising during the period	2	4	(8)	12
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	60	0	60
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax	2	64	(8)	72
Tax (expense) benefit	0	0	0	0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax	2	64	(8)	72
Changes in pension and post-retirement benefits
Unrealized gains (losses) arising during period, before Tax	0	0	0	0
Reclassification of (gains) losses into Net Income	1	1	1	1
Changes in pension and post-retirement benefits, before Tax	1	1	1	1
Pension and post-retirement benefit plans, tax	0	0	0	(2)
Pension and post-retirement benefit plans, net of tax	1	1	1	(1)
Changes in derivative instruments
Unrealized gains (losses) arising during the period	4	26	16	18
Reclassification of (gains) losses into Net Income	(8)	(8)	(16)	(11)
Changes in derivative instruments	(4)	18	0	7
Changes in derivatives, Tax	1	(5)	0	(2)
Changes in derivatives, net of tax	(3)	13	0	5
Other comprehensive income (loss), net of tax	0	78	(7)	76
Comprehensive Income (Loss)	$ 367	$ 496	$ 674	$ 794

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Cash Flows - Operating Activities

Net Income

$ 681

$ 718

Investment (income) expense, net

(19)

(21)

^[1]

(5)

Deferred income taxes

(73)

Share-based compensation expense

Changes in accounts and notes receivable

(21)

Changes in prepaid expenses and other current assets

(36)

(19)

Changes in accounts payable and other current liabilities

(78)

(107)

Changes in income taxes payable

(46)

Other, net

Net Cash Provided by Operating Activities

705

678

Cash Flows - Investing Activities

Capital spending

(99)

(122)

Proceeds from Sale of Long-Term Investments

104

Proceeds from Divestiture of Businesses, Net of Cash Divested

121

Payments to Acquire Long-Term Investments

174

Proceeds from Sale of Productive Assets

Payments to Acquire Short-Term Investments

116

Other, net

(5)

Net Cash Used in Investing Activities

(253)

Cash Flows - Financing Activities

Proceeds from long-term debt

237

Repayments of long-term debt

(463)

(40)

Revolving credit facilities, three months or less, net

175

(249)

Repurchase shares of Common Stock

(50)

Dividends paid on Common Stock

(377)

(339)

Other, net

(69)

(20)

Net Cash Provided by (Used in) Financing Activities

(547)

(698)

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

(6)

Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

(101)

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Beginning of Period

724

647

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - End of Period

$ 623

$ 659

[1]	Includes changes in the value of our investment in Devyani International Limited (see Note 13).

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 404	$ 512
Accounts and notes receivable, net	713	737
Prepaid Expense and Other Assets, Current	518	360
Total Current Assets	1,635	1,609
Property, plant and equipment, net	1,272	1,197
Goodwill	718	642
Intangible assets, net	417	377
Other assets	1,335	1,361
Deferred Income Taxes	1,018	1,045
Total Assets	6,395	6,231
Current Liabilities
Accounts payable and other current liabilities	1,098	1,169
Income taxes payable	14	55
Short-term borrowings	24	53
Total Current Liabilities	1,136	1,277
Long-term debt	11,140	11,142
Other liabilities and deferred credits	1,749	1,670
Total Liabilities	14,025	14,089
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 285 shares issued in 2022 and 289 issued in 2021	0	60
Accumulated Deficit	(7,321)	(7,616)
Accumulated other comprehensive loss	(309)	(302)
Total Shareholders' Deficit	(7,630)	(7,858)
Total Liabilities and Shareholders' Deficit	$ 6,395	$ 6,231
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	750	750
Common Stock, Shares, Issued	281

CONDENSED STATEMENT OF SHAREHOLDERS EQUITY STATEMENT - USD ($) $ in Millions	Total	Issued Common Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss
Total Shareholders' Deficit	$ (8,876)	$ 0	$ (8,507)	$ (369)
Issued Common Stock, Shares		280,000,000
Net Income	718		718
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	12			12
Pension and post-retirement benefit plans, net of tax	1			1
Changes in derivatives, net of tax	5			5
Comprehensive Income (Loss)	794
Dividends declared	(341)		(341)
Shares Repurchased		(387,000)
Repurchase of shares of Common Stock, value	(50)	$ (24)	(26)
Employee Stock Option and SARs Exercises, Value	(20)	(20)
Share-based compensation events	57	57
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	60
Total Shareholders' Deficit	(8,774)	$ 0	(8,403)	(371)
Issued Common Stock, Shares		280,000,000
Net Income	418		418
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	4			4
Pension and post-retirement benefit plans, net of tax	(1)			(1)
Changes in derivatives, net of tax	13			13
Comprehensive Income (Loss)	496
Dividends declared	(171)		(171)
Employee Stock Option and SARs Exercises, Value	(10)	$ (10)
Share-based compensation events	23	23
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	60
Total Shareholders' Deficit	(8,436)	$ 13	(8,156)	(293)
Issued Common Stock, Shares		280,000,000
Total Shareholders' Deficit	(7,858)	$ 60	(7,616)	(302)
Issued Common Stock, Shares		281,000,000
Net Income	681		681
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	(8)			(8)
Pension and post-retirement benefit plans, net of tax	(1)			(1)
Changes in derivatives, net of tax	0
Comprehensive Income (Loss)	674
Dividends declared	(380)		(380)
Shares Repurchased		(366,000)
Repurchase of shares of Common Stock, value	(50)	$ (44)	(6)
Employee Stock Option and SARs Exercises, Value	(66)	(66)
Share-based compensation events	50	50
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0
Total Shareholders' Deficit	(7,756)	$ 45	(7,492)	(309)
Issued Common Stock, Shares		281,000,000
Net Income	367		367
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature	2			2
Pension and post-retirement benefit plans, net of tax	(1)			(1)
Changes in derivatives, net of tax	(3)			(3)
Comprehensive Income (Loss)	367
Dividends declared	(190)		(190)
Repurchase of shares of Common Stock, value	(50)	$ (44)	(6)
Employee Stock Option and SARs Exercises, Value	(19)	(19)
Share-based compensation events	18	18
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0
Total Shareholders' Deficit	$ (7,630)	$ 0	$ (7,321)	$ (309)
Issued Common Stock, Shares		281,000,000

CONDENSED STATEMENT OF SHAREHOLDERS EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Pension and post-retirement benefit plans, tax	$ 0	$ 0	$ 0	$ 2
Changes in derivatives, Tax	$ 1	$ (5)	$ 0	$ (2)

Financial Statement Presentation	6 Months Ended
Financial Statement Presentation	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statement Presentation	Financial Statement Presentation We have prepared our accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by Generally Accepted Accounting Principles in the United States (“GAAP”) for complete financial statements. Therefore, we suggest that the accompanying Financial Statements be read in conjunction with the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (“2023 Form 10-K”). Yum! Brands, Inc. and its Subsidiaries (collectively referred to herein as the “Company,” “YUM,” “we,” “us” or “our”) franchise or operate a system of over 59,000 restaurants in more than 155 countries and territories. As of June 30, 2024, 98% of these restaurants were owned and operated by franchisees. The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style and pizza categories, respectively. The Habit Burger Grill is a fast-casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. As of June 30, 2024, YUM consisted of four operating segments: •The KFC Division which includes our worldwide operations of the KFC concept •The Taco Bell Division which includes our worldwide operations of the Taco Bell concept •The Pizza Hut Division which includes our worldwide operations of the Pizza Hut concept •The Habit Burger Grill Division which includes our worldwide operations of the Habit Burger Grill concept YUM's fiscal year begins on January 1 and ends December 31 of each year, with each quarter comprised of three months. The majority of our U.S. subsidiaries and certain international subsidiaries operate on a weekly periodic calendar where the first three quarters of each fiscal year consist of 12 weeks and the fourth quarter consists of 16 weeks in fiscal years with 52 weeks and 17 weeks in fiscal years with 53 weeks. For subsidiaries that operate on this periodic weekly calendar, 2024 will include a 53rd week. Our remaining international subsidiaries operate on a monthly calendar similar to that on which YUM operates. Our preparation of the accompanying Financial Statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The accompanying Financial Statements include all normal and recurring adjustments considered necessary to present fairly, when read in conjunction with our 2023 Form 10-K, the results of the interim periods presented. Our results of operations, comprehensive income, cash flows and changes in shareholders' deficit for these interim periods are not necessarily indicative of the results to be expected for the full year. Our significant interim accounting policies include the recognition of advertising and marketing costs, generally in proportion to revenue, and the recognition of income taxes using an estimated annual effective tax rate. We have reclassified certain items in the Financial Statements for the prior periods to be comparable with the classification for the quarter and year to date ended June 30, 2024. These reclassifications had no effect on previously reported Net Income.

Business Combinations, Asset Acquisitions, and Joint Venture Formation

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Business Combination Disclosure [Text Block]

KFC United Kingdom ("U.K.") and Ireland Restaurant Acquisition

valuation specialists, as of April 29, 2024. We will continue to obtain information to assist in determining the fair value of net assets acquired during the measurement period.

The components of the preliminary purchase price allocation upon the April 29, 2024 acquisition were as follows:


Total Current Assets	$	2
Property, plant and equipment, net	88
Reacquired franchise rights (included in Intangible assets, net)	47
Operating lease right-of-use assets (included in Other assets)	109
Total Assets	246
Total Current Liabilities	(18)
Operating lease liabilities (included in Other liabilities and deferred credits)	(102)
Other liabilities	(31)
Total Liabilities	(151)
Total identifiable net assets	95
Goodwill	76
Purchase price to be allocated	$	171

Earnings Per Common Share ("EPS")

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

Earnings Per Common Share (“EPS”)


	Quarter ended				Year to date
	2024		2023		2024		2023
Net Income	$	367	$	418	$	681	$	718

Weighted-average common shares outstanding (for basic calculation)	282		281		282		281
Effect of dilutive share-based employee compensation	4		5		4		5
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	286		286		286		286

Basic EPS	$	1.30	$	1.49	$	2.41	$	2.55

Diluted EPS	$	1.28	$	1.46	$	2.38	$	2.51
Unexercised employee SARs, RSUs, PSUs and stock options (in millions) excluded from the diluted EPS computation(a)	1.9		1.7		1.8		1.6

Shareholders' Deficit

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders' Deficit


	Shares Repurchased (thousands)		Dollar Value of Shares Repurchased				Remaining Dollar Value of Shares that may be Repurchased
Authorization Date	2024	2023	2024		2023		2024
September 2022	366	387	50		50		—
Total	366	387	$	50	$	50	$	—

Changes in Accumulated other comprehensive loss (“AOCI”) are presented below.


	Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature		Pension and Post-Retirement Benefits		Derivative Instruments		Total
Balance at March 31, 2024, net of tax	$	(211)	$	(104)	$	6	$	(309)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	2		—		3		5

(Gains) losses reclassified from AOCI, net of tax	—		1		(6)		(5)
	2		1		(3)		—
Balance at June 30, 2024, net of tax	$	(209)	$	(103)	$	3	$	(309)

Balance at December 31, 2023, net of tax	$	(201)	$	(104)	$	3	$	(302)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	(8)		—		12		4

(Gains) losses reclassified from AOCI, net of tax	—		1		(12)		(11)
	(8)		1		—		(7)
Balance at June 30, 2024, net of tax	$	(209)	$	(103)	$	3	$	(309)

Other (Income) Expense

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Other (Income) Expense


	Quarter ended				Year to date
	6/30/2024		6/30/2023		6/30/2024		6/30/2023
Foreign exchange net (gain) loss	$	—	$	1	$	5	$	4
Impairment and closure expense	—		—		—		1
Other	(5)		4		(11)		10
Other (income) expense	$	(5)	$	5	$	(6)	$	15

Supplemental Balance Sheet Information

6 Months Ended

Jun. 30, 2024

Supplemental Balance Sheet Information Disclosure [Abstract]

Supplemental Balance Sheet Information

Accounts and Notes Receivable, net


	6/30/2024		12/31/2023
Accounts and notes receivable, gross	$	762	$	776
Allowance for doubtful accounts	(49)		(39)
Accounts and notes receivable, net	$	713	$	737

Prepaid Expenses and Other Current Assets


	6/30/2024		12/31/2023
Income tax receivable	$	20	$	20
Restricted cash	183		177
Short term investments	116		—
Other prepaid expenses and current assets	199		163
Prepaid expenses and other current assets	$	518	$	360

Property, Plant and Equipment, net


	6/30/2024		12/31/2023
Property, plant and equipment, gross	$	2,633	$	2,529
Accumulated depreciation and amortization	(1,361)		(1,332)
Property, plant and equipment, net	$	1,272	$	1,197


Other Assets	6/30/2024		12/31/2023
Operating lease right-of-use assets(a)	$	865	$	764

Franchise incentives	178		175
Investment in Devyani International Limited (See Note 13)	—		124
Other	292		298
Other assets	$	1,335	$	1,361

Reconciliation of Cash and Cash Equivalents for Condensed Consolidated Statements of Cash Flows


	6/30/2024		12/31/2023
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	404	$	512
Restricted cash included in Prepaid expenses and other current assets(a)	183		177
Restricted cash and restricted cash equivalents included in Other assets(b)	36		35

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	623	$	724

(b) Primarily trust accounts related to our self-insurance program.

Income Taxes

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes


	Quarter ended						Year to date
	2024			2023			2024			2023
Income tax provision	$	120		$	60		$	189		$	131
Effective tax rate	24.7		%	12.6		%	21.8		%	15.4		%

Revenue Recognition Accounting Policy

6 Months Ended

Jun. 30, 2024

Revenue Recognition and Deferred Revenue [Abstract]

Revenue Recognition

Disaggregation of Total Revenues


	Quarter ended 6/30/2024
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	14	$	268	$	2	$	139	$	423
Franchise revenues		47		209		66		2		324
Property revenues		3		10		1		—		14
Franchise contributions for advertising and other services		10		161		73		—		244

China
Franchise revenues		62		—		17		—		79

Other
Company sales		149		—		—		—		149
Franchise revenues		282		15		63		—		360
Property revenues		11		—		1		—		12
Franchise contributions for advertising and other services		139		3		16		—		158
		$	717	$	666	$	239	$	141	$	1,763


	Quarter ended 6/30/2023
	KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales	$	17	$	253	$	4	$	139	$	413
Franchise revenues	49		194		66		2		311
Property revenues	3		10		1		—		14
Franchise contributions for advertising and other services	8		148		74		1		231

China
Franchise revenues	61		—		16		—		77

Other
Company sales	98		—		—		—		98
Franchise revenues	290		14		65		—		369
Property revenues	13		—		1		—		14
Franchise contributions for advertising and other services	143		2		15		—		160
	$	682	$	621	$	242	$	142	$	1,687


	Year to date 6/30/2024
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	28	$	508	$	4	$	266	$	806
Franchise revenues		90		397		134		3		624
Property revenues		6		19		2		1		28
Franchise contributions for advertising and other services		20		307		146		1		474

China
Franchise revenues		130		—		34		—		164

Other
Company sales		240		—		—		—		240
Franchise revenues		554		28		125		—		707
Property revenues		22		—		1		—		23
Franchise contributions for advertising and other services		259		5		31		—		295
		$	1,349	$	1,264	$	477	$	271	$	3,361


	Year to date 6/30/2023
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	33	$	482	$	9	$	269	$	793
Franchise revenues		95		372		136		3		606
Property revenues		6		20		2		1		29
Franchise contributions for advertising and other services		16		288		152		1		457

China
Franchise revenues		127		—		34		—		161

Other
Company sales		192		—		—		—		192
Franchise revenues		574		27		131		—		732
Property revenues		26		—		1		—		27
Franchise contributions for advertising and other services		300		4		31		—		335
		$	1,369	$	1,193	$	496	$	274	$	3,332

Contract Liabilities


	Deferred Franchise Fees
Balance at December 31, 2023	$	444
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(40)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	36
Other(a)	(5)
Balance at June 30, 2024	$	435

(a) Primarily includes the settlement of a preexisting contractual relationship related to the KFC U.K. and Ireland restaurant acquisition (see Note 2) and 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	$	73
1 - 2 years	65
2 - 3 years	59
3 - 4 years	52
4 - 5 years	44
Thereafter	142
Total	$	435

Reportable Operating Segments

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

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

(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).

Pension Benefits

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Pension Benefits

The components of net periodic benefit cost associated with our U.S. pension plans are as follows:


	Quarter ended				Year to date
	2024		2023		2024		2023
Service cost	$	1	$	1	$	2	$	2
Interest cost	10		11		21		21
Expected return on plan assets	(13)		(13)		(26)		(25)
Amortization of net (gain) / loss	1		(1)		1		(1)
Amortization of prior service cost	1		1		1		1
Net periodic benefit cost (income)	$	—	$	(1)	$	(1)	$	(2)

Short-term Borrowings and Long-term Debt

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Short-term Borrowings and Long-term Debt


Short-term Borrowings	6/30/2024		12/31/2023
Current maturities of long-term debt	$	26	$	56
Less current portion of debt issuance costs and discounts	(2)		(3)
Short-term borrowings	$	24	$	53

Long-term Debt
Securitization Notes	$	3,743	$	3,743
Subsidiary Senior Unsecured Notes	750		750
Revolving Facility	180		—
Term Loan A Facility	500		717
Term Loan B Facility	1,451		1,459
YUM Senior Unsecured Notes	4,550		4,550
Finance lease obligations	68		50
	$	11,242	$	11,269
Less long-term portion of debt issuance costs and discounts	(76)		(71)
Less current maturities of long-term debt	(26)		(56)
Long-term debt	$	11,140	$	11,142

Details of our Short-term borrowings and Long-term debt as of December 31, 2023 can be found within our 2023 Form 10-K.

Cash paid for interest during the year to date ended June 30, 2024, was $254 million. Cash paid for interest during the year to date ended June 30, 2023 was $266 million.

Derivative Instruments

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Interest Rate Swaps

Gains and losses on these interest rate swaps recognized in OCI and reclassifications from AOCI into Net Income were as follows:


	Quarter ended								Year to date
	Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income				Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income
	2024		2023		2024		2023		2024		2023		2024		2023

Interest rate swaps	$	3	$	24	$	(8)	$	(7)	$	14	$	17	$	(17)	$	(12)

Income tax benefit/(expense)	(1)		(7)		2		2		(4)		(5)		4		3

Total Return Swaps

See Note 13 for the fair value of our derivative assets and liabilities.

Fair Value Disclosures

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Disclosures


	6/30/2024				12/31/2023
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes(a)	$	3,743	$	3,423	$	3,743	$	3,391
Subsidiary Senior Unsecured Notes(b)	750		737		750		742
Term Loan A Facility(b)	500		494		717		716
Term Loan B Facility(b)	1,451		1,457		1,459		1,466
YUM Senior Unsecured Notes(b)	4,550		4,337		4,550		4,439

(a) We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.

(b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility and Term Loan B Facility using market quotes and calculations based on market rates.

Recurring Fair Value Measurements


			Fair Value
	Condensed Consolidated Balance Sheet	Level	6/30/2024		12/31/2023
Assets
Investments	Other assets	1	$	1	$	125

Investments	Other assets	3	7		7
Interest Rate Swaps	Prepaid expenses and other current assets	2	23		24
Interest Rate Swaps	Other assets	2	—		2

Guarantees	6 Months Ended
Guarantees	Jun. 30, 2024
Guarantees and Product Warranties [Abstract]
Guarantees, Commitments and Contingencies	Contingencies Internal Revenue Service Proposed Adjustment As a result of an audit by the Internal Revenue Service (“IRS”) for fiscal years 2013 through 2015, in August 2022, we received a Revenue Agent’s Report (“RAR”) from the IRS asserting an underpayment of tax of $2.1 billion plus $418 million in penalties for the 2014 fiscal year. Additionally, interest on the underpayment is estimated to be approximately $1.2 billion through the second quarter of 2024. The proposed underpayment relates primarily to a series of reorganizations we undertook during that year in connection with the business realignment of our corporate and management reporting structure along brand lines. The IRS asserts that these transactions resulted in taxable distributions of approximately $6.0 billion. We disagree with the IRS’s position as asserted in the RAR and intend to contest that position vigorously. In September 2022, we filed a Protest with the IRS Examination Division disputing on multiple grounds the proposed underpayment of tax and penalties. In March 2023, we received the IRS Examination Division’s Rebuttal to our Protest and the matter is proceeding with the IRS Office of Appeals. The Company does not expect resolution of this matter within twelve months and cannot predict with certainty the timing of such resolution. The Company believes that it is more likely than not the Company’s tax position will be sustained; therefore, no reserve is recorded with respect to this matter. An unfavorable resolution of this matter could have a material, adverse impact on our Condensed Consolidated Financial Statements in future periods. Lease Guarantees As a result of having assigned our interest in obligations under real estate leases as a condition to the refranchising of certain Company-owned restaurants, and guaranteeing certain other leases, we are frequently secondarily liable on lease agreements. These leases have varying terms, the latest of which expires in 2065. As of June 30, 2024, the potential amount of undiscounted payments we could be required to make in the event of non-payment by the primary lessee was approximately $375 million. The present value of these potential payments discounted at our pre-tax cost of debt at June 30, 2024, was approximately $300 million. Our franchisees are the primary lessees under the vast majority of these leases. We generally have cross-default provisions with these franchisees that would put them in default of their franchise agreement in the event of non-payment under the lease. We believe these cross-default provisions significantly reduce the risk that we will be required to make payments under these leases, although such risk may not be reduced in the context of a bankruptcy or other similar restructuring of a large franchisee or group of franchisees. The liability recorded for our expected losses under such leases as of June 30, 2024, was not material. Legal Proceedings We are subject to various claims and contingencies related to lawsuits, real estate, environmental and other matters arising in the normal course of business. An accrual is recorded with respect to claims or contingencies for which a loss is determined to be probable and reasonably estimable. India Regulatory Matter Yum! Restaurants India Private Limited (“YRIPL”), a YUM subsidiary that operates KFC and Pizza Hut restaurants in India, is the subject of a regulatory enforcement action in India (the “Action”). The Action alleges, among other things, that KFC International Holdings, Inc. and Pizza Hut International failed to satisfy certain conditions imposed by the Secretariat for Industrial Approval in 1993 and 1994 when those companies were granted permission for foreign investment and operation in India. The conditions at issue include an alleged minimum investment commitment and store build requirements as well as limitations on the remittance of fees outside of India. The Action originated with a complaint and show cause notice filed in 2009 against YRIPL by the Deputy Director of the Directorate of Enforcement (“DOE”) of the Indian Ministry of Finance following an income tax audit for the years 2002 and 2003. The matter was argued at various hearings in 2015, but no order was issued. Following a change in the incumbent official holding the position of Special Director of DOE (the “Special Director”), the matter resumed in 2018 and several additional hearings were conducted. On January 29, 2020, the Special Director issued an order imposing a penalty on YRIPL and certain former directors of approximately Indian Rupee 11 billion, or approximately $135 million. Of this amount, $130 million relates to the alleged failure to invest a total of $80 million in India within an initial seven-year period. We have been advised by external counsel that the order is flawed and have filed a writ petition with the Delhi High Court, which granted an interim stay of the penalty order on March 5, 2020. In November 2022, YRIPL was notified that an administrative tribunal bench had been constituted to hear an appeal by DOE of certain findings of the January 2020 order, including claims that certain charges had been wrongly dropped and that an insufficient amount of penalty had been imposed. A hearing with the administrative tribunal that had been scheduled for July 30, 2024 has been rescheduled to October 8, 2024. A hearing held on August 1, 2024, before the Delhi High Court has been continued to September 17, 2024, and the stay order remains in effect. We deny liability and intend to continue vigorously defending this matter. We do not consider the risk of any significant loss arising from this order to be probable. Other Matters We are currently engaged in various other legal proceedings and have certain unresolved claims pending, the ultimate liability for which, if any, cannot be determined at this time. However, based upon consultation with legal counsel, we are of the opinion that such proceedings and claims are not expected to have a material adverse effect, individually or in the aggregate, on our Condensed Consolidated Financial Statements.

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income	$ 367	$ 418	$ 681	$ 718

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false

Business Combinations, Asset Acquisitions, and Joint Venture Formation (Tables)

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Asset Acquisition

The components of the preliminary purchase price allocation upon the April 29, 2024 acquisition were as follows:


Total Current Assets	$	2
Property, plant and equipment, net	88
Reacquired franchise rights (included in Intangible assets, net)	47
Operating lease right-of-use assets (included in Other assets)	109
Total Assets	246
Total Current Liabilities	(18)
Operating lease liabilities (included in Other liabilities and deferred credits)	(102)
Other liabilities	(31)
Total Liabilities	(151)
Total identifiable net assets	95
Goodwill	76
Purchase price to be allocated	$	171

Earnings Per Common Share ("EPS") Earnings Per Common Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]


	Quarter ended				Year to date
	2024		2023		2024		2023
Net Income	$	367	$	418	$	681	$	718

Weighted-average common shares outstanding (for basic calculation)	282		281		282		281
Effect of dilutive share-based employee compensation	4		5		4		5
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)	286		286		286		286

Basic EPS	$	1.30	$	1.49	$	2.41	$	2.55

Diluted EPS	$	1.28	$	1.46	$	2.38	$	2.51
Unexercised employee SARs, RSUs, PSUs and stock options (in millions) excluded from the diluted EPS computation(a)	1.9		1.7		1.8		1.6

Shareholders' Deficit (Tables)

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Accelerated Share Repurchases


	Shares Repurchased (thousands)		Dollar Value of Shares Repurchased				Remaining Dollar Value of Shares that may be Repurchased
Authorization Date	2024	2023	2024		2023		2024
September 2022	366	387	50		50		—
Total	366	387	$	50	$	50	$	—

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated other comprehensive loss (“AOCI”) are presented below.


	Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature		Pension and Post-Retirement Benefits		Derivative Instruments		Total
Balance at March 31, 2024, net of tax	$	(211)	$	(104)	$	6	$	(309)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	2		—		3		5

(Gains) losses reclassified from AOCI, net of tax	—		1		(6)		(5)
	2		1		(3)		—
Balance at June 30, 2024, net of tax	$	(209)	$	(103)	$	3	$	(309)

Balance at December 31, 2023, net of tax	$	(201)	$	(104)	$	3	$	(302)

OCI, net of tax

Gains (losses) arising during the period classified into AOCI, net of tax	(8)		—		12		4

(Gains) losses reclassified from AOCI, net of tax	—		1		(12)		(11)
	(8)		1		—		(7)
Balance at June 30, 2024, net of tax	$	(209)	$	(103)	$	3	$	(309)

Other Income and Expenses (Tables)

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Schedule of Other Operating Cost and Expense, by Component


	Quarter ended				Year to date
	6/30/2024		6/30/2023		6/30/2024		6/30/2023
Foreign exchange net (gain) loss	$	—	$	1	$	5	$	4
Impairment and closure expense	—		—		—		1
Other	(5)		4		(11)		10
Other (income) expense	$	(5)	$	5	$	(6)	$	15

Supplemental Balance Sheet Information (Tables)

6 Months Ended

Jun. 30, 2024

Supplemental Balance Sheet Information Disclosure [Abstract]

Accounts and Notes Receivable


	6/30/2024		12/31/2023
Accounts and notes receivable, gross	$	762	$	776
Allowance for doubtful accounts	(49)		(39)
Accounts and notes receivable, net	$	713	$	737

Schedule of Other Current Assets


	6/30/2024		12/31/2023
Income tax receivable	$	20	$	20
Restricted cash	183		177
Short term investments	116		—
Other prepaid expenses and current assets	199		163
Prepaid expenses and other current assets	$	518	$	360

Property, Plant and Equipment


	6/30/2024		12/31/2023
Property, plant and equipment, gross	$	2,633	$	2,529
Accumulated depreciation and amortization	(1,361)		(1,332)
Property, plant and equipment, net	$	1,272	$	1,197

Schedule of Other Assets


Other Assets	6/30/2024		12/31/2023
Operating lease right-of-use assets(a)	$	865	$	764

Franchise incentives	178		175
Investment in Devyani International Limited (See Note 13)	—		124
Other	292		298
Other assets	$	1,335	$	1,361

Schedule of Cash and Cash Equivalents [Table Text Block]


	6/30/2024		12/31/2023
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	404	$	512
Restricted cash included in Prepaid expenses and other current assets(a)	183		177
Restricted cash and restricted cash equivalents included in Other assets(b)	36		35

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	623	$	724

(b) Primarily trust accounts related to our self-insurance program.

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Income Tax And Effective Tax Rate


	Quarter ended						Year to date
	2024			2023			2024			2023
Income tax provision	$	120		$	60		$	189		$	131
Effective tax rate	24.7		%	12.6		%	21.8		%	15.4		%

Revenue Recognition Accounting Policy (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]


	Quarter ended 6/30/2024
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	14	$	268	$	2	$	139	$	423
Franchise revenues		47		209		66		2		324
Property revenues		3		10		1		—		14
Franchise contributions for advertising and other services		10		161		73		—		244

China
Franchise revenues		62		—		17		—		79

Other
Company sales		149		—		—		—		149
Franchise revenues		282		15		63		—		360
Property revenues		11		—		1		—		12
Franchise contributions for advertising and other services		139		3		16		—		158
		$	717	$	666	$	239	$	141	$	1,763


	Quarter ended 6/30/2023
	KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales	$	17	$	253	$	4	$	139	$	413
Franchise revenues	49		194		66		2		311
Property revenues	3		10		1		—		14
Franchise contributions for advertising and other services	8		148		74		1		231

China
Franchise revenues	61		—		16		—		77

Other
Company sales	98		—		—		—		98
Franchise revenues	290		14		65		—		369
Property revenues	13		—		1		—		14
Franchise contributions for advertising and other services	143		2		15		—		160
	$	682	$	621	$	242	$	142	$	1,687


	Year to date 6/30/2024
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	28	$	508	$	4	$	266	$	806
Franchise revenues		90		397		134		3		624
Property revenues		6		19		2		1		28
Franchise contributions for advertising and other services		20		307		146		1		474

China
Franchise revenues		130		—		34		—		164

Other
Company sales		240		—		—		—		240
Franchise revenues		554		28		125		—		707
Property revenues		22		—		1		—		23
Franchise contributions for advertising and other services		259		5		31		—		295
		$	1,349	$	1,264	$	477	$	271	$	3,361


	Year to date 6/30/2023
		KFC Division		Taco Bell Division		Pizza Hut Division		Habit Burger Grill Division		Total
U.S.
Company sales		$	33	$	482	$	9	$	269	$	793
Franchise revenues		95		372		136		3		606
Property revenues		6		20		2		1		29
Franchise contributions for advertising and other services		16		288		152		1		457

China
Franchise revenues		127		—		34		—		161

Other
Company sales		192		—		—		—		192
Franchise revenues		574		27		131		—		732
Property revenues		26		—		1		—		27
Franchise contributions for advertising and other services		300		4		31		—		335
		$	1,369	$	1,193	$	496	$	274	$	3,332

Deferred Franchise Fees [Table Text Block]


	Deferred Franchise Fees
Balance at December 31, 2023	$	444
Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period	(40)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period	36
Other(a)	(5)
Balance at June 30, 2024	$	435

(a) Primarily includes the settlement of a preexisting contractual relationship related to the KFC U.K. and Ireland restaurant acquisition (see Note 2) and 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	$	73
1 - 2 years	65
2 - 3 years	59
3 - 4 years	52
4 - 5 years	44
Thereafter	142
Total	$	435

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:


Less than 1 year	$	73
1 - 2 years	65
2 - 3 years	59
3 - 4 years	52
4 - 5 years	44
Thereafter	142
Total	$	435

Reportable Operating Segments (Tables)

6 Months Ended

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

(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).

Pension Benefits (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost associated with our U.S. pension plans are as follows:


	Quarter ended				Year to date
	2024		2023		2024		2023
Service cost	$	1	$	1	$	2	$	2
Interest cost	10		11		21		21
Expected return on plan assets	(13)		(13)		(26)		(25)
Amortization of net (gain) / loss	1		(1)		1		(1)
Amortization of prior service cost	1		1		1		1
Net periodic benefit cost (income)	$	—	$	(1)	$	(1)	$	(2)

Short-term Borrowings and Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings and Long-term Debt


Short-term Borrowings	6/30/2024		12/31/2023
Current maturities of long-term debt	$	26	$	56
Less current portion of debt issuance costs and discounts	(2)		(3)
Short-term borrowings	$	24	$	53

Long-term Debt
Securitization Notes	$	3,743	$	3,743
Subsidiary Senior Unsecured Notes	750		750
Revolving Facility	180		—
Term Loan A Facility	500		717
Term Loan B Facility	1,451		1,459
YUM Senior Unsecured Notes	4,550		4,550
Finance lease obligations	68		50
	$	11,242	$	11,269
Less long-term portion of debt issuance costs and discounts	(76)		(71)
Less current maturities of long-term debt	(26)		(56)
Long-term debt	$	11,140	$	11,142

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gains and losses on derivative instruments designated as cash flow hedges recognized in other comprehensive income and reclassifications from AOCI to earnings

Gains and losses on these interest rate swaps recognized in OCI and reclassifications from AOCI into Net Income were as follows:


	Quarter ended								Year to date
	Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income				Gains/(Losses) Recognized in OCI				(Gains)/Losses Reclassified from AOCI into Net Income
	2024		2023		2024		2023		2024		2023		2024		2023

Interest rate swaps	$	3	$	24	$	(8)	$	(7)	$	14	$	17	$	(17)	$	(12)

Income tax benefit/(expense)	(1)		(7)		2		2		(4)		(5)		4		3

Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following table presents the carrying value and estimated fair value of the Company’s debt obligations:


	6/30/2024				12/31/2023
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)

Securitization Notes(a)	$	3,743	$	3,423	$	3,743	$	3,391
Subsidiary Senior Unsecured Notes(b)	750		737		750		742
Term Loan A Facility(b)	500		494		717		716
Term Loan B Facility(b)	1,451		1,457		1,459		1,466
YUM Senior Unsecured Notes(b)	4,550		4,337		4,550		4,439

(a) We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.

(b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility and Term Loan B Facility using market quotes and calculations based on market rates.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


			Fair Value
	Condensed Consolidated Balance Sheet	Level	6/30/2024		12/31/2023
Assets
Investments	Other assets	1	$	1	$	125

Investments	Other assets	3	7		7
Interest Rate Swaps	Prepaid expenses and other current assets	2	23		24
Interest Rate Swaps	Other assets	2	—		2

Financial Statement Presentation (Details) $ in Millions	3 Months Ended		6 Months Ended
Financial Statement Presentation (Details) $ in Millions	Jun. 30, 2024 USD ($) countries_and_territiories restaurants Rate	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Months countries_and_territiories operating_segments restaurants Rate	Jun. 30, 2023 USD ($)
Number of Stores \| restaurants	59,000		59,000
Number of Countries in which Entity Operates \| countries_and_territiories	155		155
Percent Of System Units Located Outside United States \| Rate	98.00%		98.00%
Number of Reportable Segments \| operating_segments			4
Fiscal period months standard for each quarter \| Months			3
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	$ 0	$ 60	$ 0	$ 60
Proceeds from Divestiture of Businesses, Net of Cash Divested			$ 0	$ 121

Business Combinations, Asset Acquisitions, and Joint Venture Formation (Details) $ in Millions		6 Months Ended
	Apr. 29, 2024 USD ($) restaurants	Jun. 30, 2024 USD ($) restaurants	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Asset Acquisition [Line Items]
Number of Stores \| restaurants		59,000
Payments to Acquire Long-Term Investments		$ 174	$ 0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	$ 2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	88
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	47
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets	109
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	246
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(18)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation	(102)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(31)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(151)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	95
Goodwill		718		$ 642
Business Combination, Consideration Transferred, Other	3
Business Combination, Consideration Transferred		171
KFC U.K. and Ireland Store Acquisition [Member]
Asset Acquisition [Line Items]
Goodwill	$ 76
KFC U.K. and Ireland Store Acquisition [Member]
Asset Acquisition [Line Items]
Number of Stores \| restaurants	216
Acquisition of The Habit Restaurants, Inc., net of cash acquired		$ 174

Earnings Per Common Share ("EPS") (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Net Income

$ 367

$ 418

$ 681

$ 718

Weighted-average common shares outstanding (for basic calculation)

282.0

281.0

282.0

281.0

Effect of dilutive share-based employee compensation

4.0

5.0

4.0

5.0

Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)

286.0

Basic EPS

$ 1.30

$ 1.49

$ 2.41

$ 2.55

Diluted EPS

$ 1.28

$ 1.46

$ 2.38

$ 2.51

Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation

^[1]

1.9

1.7

1.8

1.6

[1]	These unexercised employee stock appreciation rights (“SARs”), restricted stock units (“RSUs”), performance share units (“PSUs”) and stock options were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.

Shareholders' Deficit (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Shareholders' Deficit (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value	$ 50	$ 50	$ 50
Stock Repurchase Program, Remaining Authorized Repurchase Amount	0	0
September 2022
Repurchase Of Shares Of Common Stock [Line Items]
Repurchase of shares of Common Stock, value		50	$ 50
Stock Repurchase Program, Authorized Amount	2,000	2,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	0	0
May 2024
Repurchase Of Shares Of Common Stock [Line Items]
Stock Repurchase Program, Authorized Amount	2,000	2,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	1,650	$ 1,650
Issued Common Stock
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased		366,000	387,000
Repurchase of shares of Common Stock, value	$ 44	$ 44	$ 24
Issued Common Stock \| September 2022
Repurchase Of Shares Of Common Stock [Line Items]
Shares Repurchased		366,000	387,000

Shareholders' Deficit (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Shareholders' Deficit (Details 2) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	$ (309)		$ (302)
Gains (losses) arising during the year classified into AOCI, net of tax	5		4
(Gains) losses reclassified from AOCI, net of tax	(5)		(11)
Other comprehensive income (loss), net of tax	0	$ 78	(7)	$ 76
Accumulated other comprehensive loss	(309)		(309)
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	(211)		(201)
Gains (losses) arising during the year classified into AOCI, net of tax	2		(8)
(Gains) losses reclassified from AOCI, net of tax	0		0
Other comprehensive income (loss), net of tax	2		(8)
Accumulated other comprehensive loss	(209)		(209)
Pension and Post-Retirement Benefits
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	(104)		(104)
Gains (losses) arising during the year classified into AOCI, net of tax	0		0
(Gains) losses reclassified from AOCI, net of tax	1		1
Other comprehensive income (loss), net of tax	1		1
Accumulated other comprehensive loss	(103)		(103)
Derivative Instruments
Schedule of changes in accumulated comprehensive income [Line Items]
Accumulated other comprehensive loss	6		3
Gains (losses) arising during the year classified into AOCI, net of tax	3		12
(Gains) losses reclassified from AOCI, net of tax	(6)		(12)
Other comprehensive income (loss), net of tax	(3)		0
Accumulated other comprehensive loss	$ 3		$ 3

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Other (Income) Expense (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ 0	$ 1	$ 5	$ 4
Impairment and closure expense	0	0	0	1
Other income (expense) excluding foreign exchange gain (loss)	(5)	4	(11)	10
Other (income) expense	(5)	5	(6)	15
Gain (Loss) on Disposition of Assets	(14)	(17)	(19)	(21)
Income tax provision	$ 120	$ 60	$ 189	$ 131

Supplemental Balance Sheet Information (Details) $ in Millions	Jun. 30, 2024 USD ($) days	Dec. 31, 2023 USD ($)
Accounts and Notes Receivable [Abstract]
Number of days from the period in which the corresponding sales occur that trade receivables are generally due \| days	30
Accounts and notes receivable, gross	$ 762	$ 776
Allowance for doubtful accounts	(49)	(39)
Accounts and notes receivable, net	713	737
Income Taxes Receivable, Current	20	20
Restricted Cash, Current	183	177
Short-Term Investments	116	0
Other Prepaid Expense, Current	199	163
Prepaid Expense and Other Assets, Current	$ 518	$ 360

Supplemental Balance Sheet Information (Details 2) - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

Jun. 30, 2023

Dec. 31, 2022

Property, plant and equipment, gross

$ 2,633

$ 2,529

Accumulated depreciation and amortization

(1,361)

(1,332)

Property, plant and equipment, net

1,272

1,197

Operating lease, right-of-use assets

^[1]

865

764

Other assets

1,335

1,361

Other Assets, Miscellaneous, Noncurrent

292

298

Operating Lease, Liability, Noncurrent

848

757

Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets

404

512

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

623

724

$ 659

$ 647

Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]

Equity Securities, FV-NI

124

Prepaid Expenses and Other Current Assets [Member]

Restricted Cash and Cash Equivalents

^[2]

183

177

Other Current Assets [Member]

Restricted Cash and Cash Equivalents

^[3]

Franchise Incentive [Member]

Other assets

$ 178

$ 175

[1]	Non-current operating lease liabilities of $848 million and $757 million as of June 30, 2024 and December 31, 2023, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.
[2]	Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments.
[3]	Primarily trust accounts related to our self-insurance program.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income tax provision	$ (120)	$ (60)	$ (189)	$ (131)
Effective tax rate	24.70%	12.60%	21.80%	15.40%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%

Revenue Recognition Accounting Policy (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues	$ 1,763	$ 1,687	$ 3,361	$ 3,332
Company Sales
Revenues	572	511	1,046	985
Franchise and property revenues
Revenues	789	785	1,546	1,555
Franchise contributions for advertising and other services
Revenues	402	391	769	792
UNITED STATES \| Company Sales
Revenues	423	413	806	793
UNITED STATES \| Franchise and property revenues
Revenues	324	311	624	606
UNITED STATES \| Property Revenues
Revenues	14	14	28	29
UNITED STATES \| Franchise contributions for advertising and other services
Revenues	244	231	474	457
CHINA \| Franchise and property revenues
Revenues	79	77	164	161
Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	149	98	240	192
Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	360	369	707	732
Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	12	14	23	27
Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	158	160	295	335
KFC Global Division [Member]
Revenues	717	682	1,349	1,369
KFC Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	14	17	28	33
KFC Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	47	49	90	95
KFC Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	3	3	6	6
KFC Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	10	8	20	16
KFC Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	62	61	130	127
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	149	98	240	192
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	282	290	554	574
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	11	13	22	26
KFC Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	139	143	259	300
Pizza Hut Global Division [Member]
Revenues	239	242	477	496
Pizza Hut Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	2	4	4	9
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	66	66	134	136
Pizza Hut Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	1	1	2	2
Pizza Hut Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	73	74	146	152
Pizza Hut Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	17	16	34	34
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0	0	0
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	63	65	125	131
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	1	1	1	1
Pizza Hut Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	16	15	31	31
Taco Bell Global Division [Member]
Revenues	666	621	1,264	1,193
Taco Bell Global Division [Member] \| UNITED STATES \| Company Sales
Revenues	268	253	508	482
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	209	194	397	372
Taco Bell Global Division [Member] \| UNITED STATES \| Property Revenues
Revenues	10	10	19	20
Taco Bell Global Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	161	148	307	288
Taco Bell Global Division [Member] \| CHINA \| Franchise and property revenues
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	15	14	28	27
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0	0	0
Taco Bell Global Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	3	2	5	4
Habit Division [Member]
Revenues	141	142	271	274
Habit Division [Member] \| UNITED STATES \| Company Sales
Revenues	139	139	266	269
Habit Division [Member] \| UNITED STATES \| Franchise and property revenues
Revenues	2	2	3	3
Habit Division [Member] \| UNITED STATES \| Property Revenues
Revenues	0	0	1	1
Habit Division [Member] \| UNITED STATES \| Franchise contributions for advertising and other services
Revenues	0	1	1	1
Habit Division [Member] \| CHINA \| Franchise and property revenues
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Company Sales
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise and property revenues
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Property Revenues
Revenues	0	0	0	0
Habit Division [Member] \| Other, Outside the U.S. and China [Member] \| Franchise contributions for advertising and other services
Revenues	$ 0	$ 0	$ 0	$ 0

Revenue Recognition Accounting Policy (Details 2) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

Deferred Revenue

$ 435

$ 444

Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period

(40)

Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period

Foreign Currency Gain (Loss) and Refranchising Gain (Loss) [Member]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

Other

^[1]

$ (5)

[1]	Primarily includes the settlement of a preexisting contractual relationship related to the KFC U.K. and Ireland restaurant acquisition (see Note 2) and the impact of foreign currency translation.

Revenue Recognition Accounting Policy (Details 3) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue	$ 435	$ 444
Less than 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	73
1 - 2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	65
2 - 3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	59
3 - 4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	52
4 - 5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	44
Thereafter
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred Revenue, Revenue Expected to be Recognized	$ 142

Reportable Operating Segments (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

$ 1,763

$ 1,687

$ 3,361

$ 3,332

General and Administrative Expense

607

573

1,127

1,096

281

291

567

573

Company restaurant expenses

470

415

870

818

Franchise and property expenses

Investment (income) expense, net

(14)

(17)

(19)

(21)

Other (income) expense

(5)

(6)

^[1]

(29)

(5)

Other pension income (expense)

Interest Income (Expense), Net

(121)

(125)

(238)

(255)

Income Before Income Taxes

487

478

870

849

KFC Global Division [Member]

717

682

1,349

1,369

Pizza Hut Global Division [Member]

334

326

647

631

239

242

477

496

Taco Bell Global Division [Member]

187

195

666

621

1,264

1,193

250

228

458

432

Habit Division [Member]

141

142

271

274

(3)

(2)

Unallocated [Member]

General and Administrative Expense

175

170

Company restaurant expenses

^[2]

Franchise and property expenses

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

(14)

(17)

(19)

(21)

Other (income) expense

$ 0

$ 5

$ 9

[1]	Includes changes in the value of our investment in Devyani International Limited (see Note 13).
[2]	Unallocated Company restaurant expenses include amortization of reacquired franchise rights (see Note 2).

Pension Benefits (Details) - UNITED STATES - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1	$ 2	$ 2
Interest cost	10	11	21	21
Expected return on plan assets	(13)	(13)	(26)	(25)
Amortization of net loss	1	(1)	1	(1)
Amortization of prior service cost	1	1	1	1
Net periodic benefit cost	$ 0	$ (1)	$ (1)	$ (2)

Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions		2 Months Ended	3 Months Ended		6 Months Ended
	Apr. 26, 2024	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Line of Credit		$ 180	$ 180		$ 180		$ 0
Finance Lease, Liability, Noncurrent		68	68		68		50
Long-term debt and capital less obligations, including current maturities and debt issuance costs		11,242	11,242		11,242		11,269
Less Debt Issuance Costs, Noncurrent, Net		(76)	(76)		(76)		(71)
Long-term debt		11,140	11,140		11,140		11,142
Interest Paid, Including Capitalized Interest, Operating and Investing Activities			254	$ 266
Long-term Debt, Current Maturities		26	26		26		56
Less current portion of debt issuance costs and discounts		(2)	(2)		(2)		(3)
Short-term borrowings		24	24		24		53
Revolving credit facilities, three months or less, net					175	$ (249)
Debt Related Commitment Fees and Debt Issuance Costs					$ 1
Debt Instrument, Maturity Date, Description					The Term Loan A Facility and the Revolving Facility will mature on the earliest of (i) April 26, 2029, (ii) the date that is 91 days prior to the March 15, 2028 maturity of the Borrowers' existing Term Loan B Facility if more than $250 million of such Term Loan B remains outstanding as of such date or (iii) the date that is 91 days prior to the June 1, 2027 maturity of the Borrowers' existing Subsidiary Senior Unsecured Notes if more than $250 million of such Subsidiary Senior Unsecured Notes remains outstanding as of such date.
Paid to Lender
Debt Instrument [Line Items]
Debt Issuance Costs					$ 6
Secured Debt [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Gross		8	8		8
Subsidiary Senior Unsecured Notes [Member] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Notes		750	750		750		750
Term Loan A Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 713	$ 500	500		$ 500		717
Term Loan A Facility Repayments Of Principal In Year Two And Three		0.625%			1.25%
Term Loan B Facility [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 1,451	1,451		$ 1,451		1,459
YUM Senior Unsecured Notes [Member] [Domain] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Notes		$ 4,550	$ 4,550		4,550		$ 4,550
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facilities, three months or less, net	$ 1,250				$ 1,500

Derivative Instruments (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (23)
Forward-starting interest rate swap [Member]
Derivative, Maturity Date	Mar. 01, 2025
Derivative, Notional Amount	$ 1,500	$ 1,500

Derivative Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Derivative Instruments (Details 2) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) arising during the period	$ 4	$ 26	$ 16	$ 18
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(1)	(7)	(4)	(5)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	2	2	4	3
Interest Rate Swap [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses) arising during the period	3	24	14	17
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (8)	$ (7)	$ (17)	$ (12)

Fair Value Disclosures (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Mar. 31, 2024

Jun. 30, 2024

Jun. 30, 2023

Apr. 26, 2024

Dec. 31, 2023

Investment Owned, at Fair Value

$ 124

Unrealized Gain (Loss) on Investments

$ 20

Proceeds from Sale of Long-Term Investments

$ 104

$ 0

Devyani

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Equity Method Investment, Ownership Percentage

5.00%

Secured Debt [Member] | Securitization Notes [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Senior Notes, Noncurrent

3,743

$ 3,743

Secured Debt [Member] | Securitization Notes [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Secured Debt [Member] | Term Loan A Facility [Member]

^[1]

3,423

3,391

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt obligations, excluding capital leases, carrying amount

500

$ 713

717

Secured Debt [Member] | Term Loan A Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Secured Debt [Member] | Term Loan B Facility [Member]

^[2]

494

716

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt obligations, excluding capital leases, carrying amount

1,451

1,459

Secured Debt [Member] | Term Loan B Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member]

^[2]

1,457

1,466

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Senior Notes, Noncurrent

750

Unsecured Debt [Member] | Subsidiary Senior Unsecured Notes [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Unsecured Debt [Member] | YUM Senior Unsecured Notes [Member] [Domain]

^[2]

737

742

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Senior Notes, Noncurrent

4,550

Unsecured Debt [Member] | YUM Senior Unsecured Notes [Member] [Domain] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]