XML 46 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reportable Operating Segments
 9 Months Ended
Sep. 06, 2014
Segment Reporting [Abstract]  
Reportable Operating Segments
Reportable Operating Segments

We identify our operating segments based on management responsibility, which changed beginning the first quarter of 2014. See Note 1. We have restated our comparable segment information for consistent presentation in this Form 10-Q. The following tables summarize Revenues, Operating Profit (loss) and Identifiable Assets for each of our reportable operating segments:
 
Quarter ended
 
Year to date
Revenues
2014
 
2013
 
2014
 
2013
China
$
1,840

 
$
2,033

 
$
4,928

 
$
4,633

KFC Division
771

 
704

 
2,189

 
2,066

Pizza Hut Division
264

 
264

 
796

 
798

Taco Bell Division
443


435

 
1,273


1,325

India
36


30

 
96


83

 
$
3,354


$
3,466


$
9,282


$
8,905

 
Quarter ended
 
Year to date
Operating Profit (loss)
2014
 
2013
 
2014
 
2013
China(a)
$
202


$
335


$
681


$
557

KFC Division
169


147


487


457

Pizza Hut Division
68


71


215


250

Taco Bell Division
124


109

 
317


320

India
(3
)

(4
)

(7
)

(10
)
Unallocated closures and impairment expenses(b)
—

 
(295
)
 
—

 
(295
)
Corporate and Other unallocated(c)
(10
)

(13
)

(93
)

(52
)
Operating Profit
$
550


$
350


$
1,600


$
1,227

Interest expense, net
(28
)

(31
)

(90
)

(94
)
Income Before Income Taxes
$
522


$
319


$
1,510


$
1,133

 
9/6/2014
 
12/28/2013
Identifiable Assets
 
China(d)
$
4,093

 
$
3,720

KFC Division
2,481

 
2,432

Pizza Hut Division
731

 
723

Taco Bell Division
1,069

 
1,017

India
109

 
99

Corporate and unallocated(e)
694

 
704

 
$
9,177

 
$
8,695


(a)
Includes equity income from investments in unconsolidated affiliates. See Note 5.
(b)
Impairment loss related to Little Sheep for the quarter and year to date ended September 7, 2013. See Note 4.

(c)
Primarily Corporate general and administrative ("G&A") expenses and refranchising gains and (losses).

(d)
Includes investments in 4 unconsolidated affiliates totaling $58 million and $53 million as of September 6, 2014 and December 28, 2013, respectively.

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