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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 19, 2016
Mar. 21, 2015
Revenues    
Company sales $ 2,165 $ 2,179
Franchise and license fees and income 454 443
Total Revenues 2,619 2,622
Costs and Expenses, Net    
Food and paper 649 688
Payroll and employee benefits 486 493
Occupancy and other operating expenses 597 616
Company restaurant expenses 1,732 1,797
General and administrative expenses 286 295
Franchise and license expenses 48 34
Closures and impairment (income) expenses 3 3
Refranchising (gain) loss (7) (10)
Other (income) expense (7) (3)
Total costs and expenses, net 2,055 2,116
Operating Profit 564 506
Interest expense, net 37 34
Income Before Income Taxes 527 472
Income tax provision 132 111
Net Income – including noncontrolling interests 395 361
Net Income (loss) - noncontrolling interests 4 (1)
Net Income - YUM! Brands, Inc. $ 391 $ 362
Basic Earnings Per Common Share $ 0.94 $ 0.83
Diluted Earnings Per Common Share 0.93 0.81
Dividends Declared Per Common Share $ 0.46 $ 0.00