Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 27, 2014

Selected Quarterly Financial Data (Unaudited) [Abstract]

Quarterly Financial Information

Selected Quarterly Financial Data (Unaudited)

	2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter			Total
Revenues:
Company sales	$	2,292	$	2,758	$	2,891	$	3,383		$	11,324
Franchise and license fees and income	432		446		463		614			1,955
Total revenues	2,724		3,204		3,354		3,997			13,279
Restaurant profit	441		428		429		344			1,642
Operating Profit(a)	571		479		550		(43		)	1,557
Net Income – YUM! Brands, Inc.	399		334		404		(86		)	1,051
Basic earnings per common share	0.89		0.75		0.91		(0.20		)	2.37
Diluted earnings per common share	0.87		0.73		0.89		(0.20		)	2.32
Dividends declared per common share	0.37		0.37		—		0.82			1.56

	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(b)	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

(a) Includes a non-cash charge of $463 million in the fourth quarter related primarily to the impairment of Little Sheep intangible assets. See Note 4.

(b) 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.

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