XML 44 R62.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Disclosures (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended 4 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Dec. 29, 2012
Dec. 27, 2014
Dec. 28, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]          
Fair Value, Level 1 to Level 2 Transfers, Amount $ 0yum_FairValueAssetsOrLiabilitiesLevel1ToLevel2TransfersAmount $ 0yum_FairValueAssetsOrLiabilitiesLevel1ToLevel2TransfersAmount      
Fair Value, Assets or Liabilities, Level 2 to Level 1 Transfers, Amount 0yum_FairValueAssetsOrLiabilitiesLevel2ToLevel1TransfersAmount 0yum_FairValueAssetsOrLiabilitiesLevel2ToLevel1TransfersAmount      
Debt obligations, excluding capital leases, estimate of fair value 3,400us-gaap_LongTermDebtFairValue     3,400us-gaap_LongTermDebtFairValue  
Debt obligations, excluding capital leases, carrying amount 3,200us-gaap_LongTermDebt     3,200us-gaap_LongTermDebt  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Gain upon acquisition of Little Sheep 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 74us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain [1]    
Fair Value, Measurements, Recurring [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Assets, Fair Value Disclosure, Recurring 55us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
36us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
  55us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
36us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Derivative, Fair Value, Net 24us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_ForeignExchangeForwardMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
1us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_ForeignExchangeForwardMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
  24us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_ForeignExchangeForwardMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
1us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_ForeignExchangeForwardMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Derivative, Fair Value, Net 10us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
17us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
  10us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
17us-gaap_DerivativeFairValueOfDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Investments, Fair Value Disclosure 21us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
18us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
  21us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
18us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
Non-recurring basis          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
(Gains) losses recognized from all non-recurring fair value measurements 518yum_GainsLossesRecognizedFromAllNonRecurringFairValueMeasurements
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
314yum_GainsLossesRecognizedFromAllNonRecurringFairValueMeasurements
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
     
Non-recurring basis | Fair Value, Inputs, Level 3 [Member] | Closures and impairment (income) expenses          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Total losses related to long-lived assets held for use and measured at fair value on a non-recurring basis 46us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
/ us-gaap_IncomeStatementLocationAxis
= yum_ClosuresAndImpairmentIncomeExpensesMember
[2] 19us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
/ us-gaap_IncomeStatementLocationAxis
= yum_ClosuresAndImpairmentIncomeExpensesMember
[2]      
Non-recurring basis | Fair Value, Inputs, Level 3 [Member] | Gain (Loss) on Disposition of Property Plant Equipment [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Total losses related to long-lived assets held for use and measured at fair value on a non-recurring basis 9us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
/ us-gaap_IncomeStatementLocationAxis
= yum_GainLossonDispositionofPropertyPlantEquipmentMember
[3] 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
/ us-gaap_IncomeStatementLocationAxis
= yum_GainLossonDispositionofPropertyPlantEquipmentMember
     
Little Sheep [Member] | Non-recurring basis | Fair Value, Inputs, Level 3 [Member] | Closures and impairment (income) expenses          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Total losses related to long-lived assets held for use and measured at fair value on a non-recurring basis 463us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
/ us-gaap_IncomeStatementLocationAxis
= yum_ClosuresAndImpairmentIncomeExpensesMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepMember
[4] 295us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsNonrecurringMember
/ us-gaap_IncomeStatementLocationAxis
= yum_ClosuresAndImpairmentIncomeExpensesMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepMember
[4]      
Little Sheep [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Total losses related to long-lived assets held for use and measured at fair value on a non-recurring basis       14us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepGroupLimitedMember
4us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepGroupLimitedMember
Gain upon acquisition of Little Sheep     (74)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepGroupLimitedMember
   
Little Sheep [Member] | Closures and impairment (income) expenses          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Total losses related to long-lived assets held for use and measured at fair value on a non-recurring basis $ 14us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_IncomeStatementLocationAxis
= yum_ClosuresAndImpairmentIncomeExpensesMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepGroupLimitedMember
$ 4us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
/ us-gaap_IncomeStatementLocationAxis
= yum_ClosuresAndImpairmentIncomeExpensesMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= yum_LittleSheepGroupLimitedMember
     
[1] See Note 4.
[2] Restaurant-level impairment charges are recorded in Closures and impairment (income) expenses and resulted primarily from our semi-annual impairment evaluation of long-lived assets of individual restaurants that were being operated at the time of impairment and had not been offered for refranchising. The fair value measurements used in these impairment evaluations were based on discounted cash flow estimates using unobservable inputs (Level 3). The remaining net book value of assets measured at fair value during the years ended December 27, 2014 and December 28, 2013 is insignificant.
[3] Refranchising related impairment results from writing down the assets of restaurants or restaurant groups offered for refranchising, including certain instances where a decision has been made to refranchise restaurants that are deemed to be impaired. The fair value measurements used in our impairment evaluation are based on either actual bids received from potential buyers (Level 2), or on estimates of the sales prices we anticipated receiving from a buyer for the restaurant or restaurant groups (Level 3). The remaining net book value of these restaurants at December 27, 2014 is insignificant.
[4] See the Little Sheep Acquisition and Subsequent Impairment section of Note 4 for further discussion.