Reportable Operating Segments

8 Months Ended

Sep. 05, 2015

Segment Reporting [Abstract]

Reportable Operating Segments

Reportable Operating Segments

We identify our operating segments based on management responsibility. See Note 1 for a description of our operating segments. The following tables summarize Revenues and Operating Profit (loss) for each of our reportable operating segments:

	Quarter ended				Year to date
Revenues	2015		2014		2015		2014
China	$	1,969	$	1,840	$	4,861	$	4,928
KFC Division	694		771		2,030		2,189
Pizza Hut Division	262		264		797		796
Taco Bell Division	473		443		1,380		1,273
India	29		36		86		96
	$	3,427	$	3,354	$	9,154	$	9,282

	Quarter ended						Year to date
Operating Profit (loss)	2015			2014			2015			2014
China(a)	$	327		$	202		$	661		$	681
KFC Division	150			169			471			487
Pizza Hut Division	67			68			208			215
Taco Bell Division	132			124			387			317
India	(8		)	(3		)	(15		)	(7		)
Unallocated and General and administrative expenses(b)	(53		)	(33		)	(153		)	(116		)
Unallocated Other income (expense)	(10		)	3			(19		)	(4		)
Unallocated Refranchising gain (loss)(c)	(2		)	20			(60		)	27
Operating Profit	$	603		$	550		$	1,480		$	1,600
Interest expense, net	(32		)	(28		)	(99		)	(90		)
Income Before Income Taxes	$	571		$	522		$	1,381		$	1,510

(a) Includes equity income from investments in unconsolidated affiliates of $15 million and $9 million for the quarters ended September 5, 2015 and September 6, 2014, respectively. Includes equity income from investments in unconsolidated affiliates of $31 million for both of the years to date ended September 5, 2015 and September 6, 2014.

(b) Primarily Corporate general and administrative ("G&A") expenses. Also included are costs associated with the KFC U.S. Acceleration Agreement of $21 million and $31 million for the quarter and year to date ended September 5, 2015, respectively. See Note 4.

(c) See the Refranchising (Gain) Loss section of Note 4.