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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 8 Months Ended
Sep. 05, 2015
Sep. 06, 2014
Sep. 05, 2015
Sep. 06, 2014
Revenues        
Company sales $ 2,968 $ 2,891 $ 7,806 $ 7,941
Franchise and license fees and income 459 463 1,348 1,341
Total revenues 3,427 3,354 9,154 9,282
Costs and Expenses, Net        
Food and paper 933 951 2,462 2,562
Payroll and employee benefits 625 642 1,720 1,755
Occupancy and other operating expenses 871 869 2,292 2,326
Company restaurant expenses 2,429 2,462 6,474 6,643
General and administrative expenses 328 323 976 946
Franchise and license expenses 65 42 146 109
Closures and impairment (income) expenses 3 6 30 30
Refranchising (gain) loss 2 (20) 60 (27)
Other (income) expense (3) (9) (12) (19)
Total costs and expenses, net 2,824 2,804 7,674 7,682
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
Income tax provision 145 119 358 370
Net Income – including noncontrolling interests 426 403 1,023 1,140
Net Income (loss) - noncontrolling interests 5 (1) 5 3
Net Income - YUM! Brands, Inc. $ 421 $ 404 $ 1,018 $ 1,137
Basic Earnings Per Common Share $ 0.97 $ 0.91 $ 2.33 $ 2.55
Diluted Earnings Per Common Share 0.95 0.89 2.29 2.50
Dividends Declared Per Common Share $ 0.00 $ 0.00 $ 0.82 $ 0.74