Reportable Operating Segments

12 Months Ended

Dec. 27, 2014

Segment Reporting [Abstract]

Reportable Operating Segments

Reportable Operating Segments

See Note 1 for a description of our operating segments.

	Revenues
	2014		2013		2012
China	$	6,934	$	6,905	$	6,898
KFC Division(a)	3,193		3,036		3,014
Pizza Hut Division(a)	1,148		1,147		1,510
Taco Bell Division(a)	1,863		1,869		2,109
India	141		127		102
	$	13,279	$	13,084	$	13,633

	Operating Profit; Interest Expense, Net; and Income Before Income Taxes
	2014			2013			2012
China (b)	$	713		$	777		$	1,015
KFC Division	708			649			626
Pizza Hut Division	295			339			320
Taco Bell Division	480			456			435
India	(9		)	(15		)	(1		)
Unallocated restaurant costs(c)(d)	(1		)	—			16
Unallocated and corporate expenses(c)(e)	(189		)	(207		)	(271		)
Unallocated Closures and impairment expense(c)(f)	(463		)	(295		)	—
Unallocated Other income (expense)(c)(g)	(10		)	(6		)	76
Unallocated Refranchising gain (loss)(c)(m)	33			100			78
Operating Profit	1,557			1,798			2,294
Interest expense, net(c)(h)	(130		)	(247		)	(149		)
Income Before Income Taxes	$	1,427		$	1,551		$	2,145

	Depreciation and Amortization
	2014		2013		2012
China	$	411	$	394	$	337
KFC Division	187		190		161
Pizza Hut Division	39		36		55
Taco Bell Division	83		84		98
India	10		9		6
Corporate	9		8		8
	$	739	$	721	$	665

	Capital Spending
	2014		2013		2012
China	$	525	$	568	$	655
KFC Division	273		294		259
Pizza Hut Division	62		52		52
Taco Bell Division	143		100		113
India	21		31		18
Corporate	9		4		2
	$	1,033	$	1,049	$	1,099

	Identifiable Assets
	2014		2013
China (i)	$	3,208	$	3,720
KFC Division(l)	2,331		2,452
Pizza Hut Division(l)	711		703
Taco Bell Division(l)	1,084		1,017
India	118		99
Corporate(j)(l)	893		704
	$	8,345	$	8,695

	Long-Lived Assets(k)
	2014		2013
China	$	2,217	$	2,667
KFC Division	1,823		1,930
Pizza Hut Division	433		424
Taco Bell Division	920		847
India	72		66
Corporate	51		52
	$	5,516	$	5,986

(a) U.S. revenues included in the combined KFC, Pizza Hut and Taco Bell Divisions totaled $2,959 million, $2,953 million and $3,352 million in 2014, 2013 and 2012, respectively.

(b) Includes equity income from investments in unconsolidated affiliates of $30 million, $26 million and $47 million in 2014, 2013 and 2012, respectively.

(c) Amounts have not been allocated to any segment for performance reporting purposes.

(d) 2012 includes depreciation reductions arising from the impairments of Pizza Hut UK restaurants we later sold in 2012 of $13 million. See Note 4.

(e) 2013 and 2012 include pension settlement charges of $22 million and $87 million, respectively.

(f) Represents 2014 and 2013 impairment losses related to Little Sheep. See Note 4.

(g) 2012 includes gain upon acquisition of Little Sheep of $74 million. See Note 4.

(h) 2013 includes $118 million of premiums and other costs related to the extinguishment of debt. See Note 4.

(i) China includes investments in 4 unconsolidated affiliates totaling $52 million, $53 million and $72 million for 2014, 2013 and 2012, respectively.  

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

(k) Includes property, plant and equipment, net, goodwill, and intangible assets, net.

(l) U.S. identifiable assets included in the combined Corporate and KFC, Pizza Hut and Taco Bell Divisions totaled $1,952 million and $2,061 million in 2014 and 2013, respectively.

(m) In 2014, 2013 and 2012, we recorded pre-tax refranchising gains of $6 million, $91 million and $122 million, respectively, in the U.S. The gains in 2013 and 2012 were primarily due to gains on sales of Taco Bell restaurants.