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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 11, 2016
Jun. 13, 2015
Jun. 11, 2016
Jun. 13, 2015
Revenues        
Company sales $ 2,554 $ 2,659 $ 4,719 $ 4,838
Franchise and license fees and income 454 446 908 889
Total Revenues 3,008 3,105 5,627 5,727
Costs and Expenses, Net        
Food and paper 764 841 1,413 1,529
Payroll and employee benefits 603 602 1,089 1,095
Occupancy and other operating expenses 779 805 1,376 1,421
Company restaurant expenses 2,146 2,248 3,878 4,045
General and administrative expenses 365 353 651 648
Franchise and license expenses 50 47 98 81
Closures and impairment (income) expenses 37 24 40 27
Refranchising (gain) loss (53) 68 (60) 58
Other (income) expense (28) (6) (35) (9)
Total costs and expenses, net 2,517 2,734 4,572 4,850
Operating Profit 491 371 1,055 877
Interest expense, net 40 33 77 67
Income Before Income Taxes 451 338 978 810
Income tax provision 116 102 248 213
Net Income – including noncontrolling interests 335 236 730 597
Net Income (loss) - noncontrolling interests (4) 1 0 0
Net Income - YUM! Brands, Inc. $ 339 $ 235 $ 730 $ 597
Basic Earnings Per Common Share $ 0.82 $ 0.54 $ 1.77 $ 1.36
Diluted Earnings Per Common Share 0.81 0.53 1.74 1.34
Dividends Declared Per Common Share $ 0.46 $ 0.82 $ 0.92 $ 0.82