Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 28, 2013

Selected Quarterly Financial Data (Unaudited) [Abstract]

Selected Quarterly Financial Data (Unaudited)



	2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Revenues:
Company sales	$	2,099	$	2,474	$	3,021	$	3,590	$	11,184
Franchise and license fees and income	436		430		445		589		1,900
Total revenues	2,535		2,904		3,466		4,179		13,084
Restaurant profit	333		310		531		509		1,683
Operating Profit^(a)	487		390		350		571		1,798
Net Income – YUM! Brands, Inc.^(c)	337		281		152		321		1,091
Basic earnings per common share	0.74		0.62		0.34		0.72		2.41
Diluted earnings per common share	0.72		0.61		0.33		0.70		2.36
Dividends declared per common share	0.335		0.335		—		0.74		1.41



	2012
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Revenues:
Company sales	$	2,344	$	2,762	$	3,142	$	3,585	$	11,833
Franchise and license fees and income	399		406		427		568		1,800
Total revenues	2,743		3,168		3,569		4,153		13,633
Restaurant profit	440		423		599		519		1,981
Operating Profit^(b)	645		473		671		505		2,294
Net Income – YUM! Brands, Inc.	458		331		471		337		1,597
Basic earnings per common share	0.99		0.71		1.02		0.74		3.46
Diluted earnings per common share	0.96		0.69		1.00		0.72		3.38
Dividends declared per common share	0.285		0.285		—		0.67		1.24


(a)	Includes a non-cash charge of $295 million in the third quarter related primarily to the impairment of Little Sheep intangible assets and net U.S. refranchising gains of $17 million, $28 million, $37 million and $9 million in the first, second, third and fourth quarters, respectively. See Note 4 for further discussion.

(b)

Includes a non-cash gain recognized upon acquisition of Little Sheep of $74 million in the first quarter, refranchising losses associated with the Pizza Hut UK dine-in business of $24 million and $46 million in the first and fourth quarters, respectively, net U.S. refranchising gains of $45 million and $69 million in the first and fourth quarters, respectively and a pension settlement charge of $84 million in the fourth quarter. See Note 4 for further discussion.


(c)	Includes an after-tax charge of $75 million in the fourth quarter related to the repurchase of Senior Unsecured Notes. See Note 4 for further discussion.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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