Reportable Operating Segments

3 Months Ended

Mar. 22, 2014

Segment Reporting [Abstract]

Reportable Operating Segments

Reportable Operating Segments

We identify our operating segments based on management responsibility, which has changed beginning the first quarter of 2014. See Note 1. We have restated our comparable segment information for consistent presentation. The following tables summarize Revenues, Operating Profit and Identifiable Assets for each of our reportable operating segments:

	Quarter ended
Revenues	2014		2013
China	$	1,379	$	1,151
KFC Division	664		659
Pizza Hut Division	267		267
Taco Bell Division	391		438
India	23		20
	$	2,724	$	2,535

	Quarter ended
Operating Profit (loss)	2014			2013
China(a)	$	285		$	154
KFC Division	163			165
Pizza Hut Division	84			99
Taco Bell Division	84			100
India	(3		)	(2		)
Corporate and Other unallocated(b)	(42		)	(29		)
Operating Profit	$	571		$	487
Interest expense, net	(33		)	(31		)
Income Before Income Taxes	$	538		$	456

	3/22/2014		12/28/2013
Identifiable Assets
China(c)	$	3,827	$	3,720
KFC Division	2,307		2,301
Pizza Hut Division	732		723
Taco Bell Division	1,010		1,017
India	101		99
Corporate and unallocated(d)	728		835
	$	8,705	$	8,695

(a) Includes equity income from investments in unconsolidated affiliates. See Note 4.

(b) Includes refranchising gains and (losses).

(c) China includes investments in 4 unconsolidated affiliates totaling $40 million and $53 million as of 2014 and 2013, respectively.

(d) Primarily includes cash, deferred tax assets and property, plant and equipment, net, related to our office facilities.