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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Total Revenues $ 1,417 $ 1,443
Costs and Expenses, Net    
Closures and impairment (income) expenses 1 2
Refranchising (gain) loss (111) 0
Operating Profit 484 349
Interest expense, net 109 42
Income Before Income Taxes 347 308
Net Income - YUM! Brands, Inc. $ 280 $ 364
Basic Earnings Per Common Share $ 0.78 $ 0.88
Diluted Earnings Per Common Share 0.77 0.87
Dividends Declared Per Common Share $ 0.30 $ 0.46
Other Pension Expense $ (28) $ 1
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent   138
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent   226
Continuing Operations [Member]    
Revenues    
Company sales 902 953
Franchise and license fees and income 515 490
Total Revenues 1,417 1,443
Costs and Expenses, Net    
Food and paper 276 287
Payroll and employee benefits 244 257
Occupancy and other operating expenses 238 261
Company restaurant expenses 758 805
General and Administrative Expense 237 243
Franchise and license expenses 46 51
Closures and impairment (income) expenses 1 2
Refranchising (gain) loss (111) 0
Other (income) expense 2 (7)
Total costs and expenses, net 933 1,094
Operating Profit 484 349
Interest expense, net 109 42
Income Before Income Taxes 347 308
Income tax (benefit) provision $ 67 $ 82
Basic Earnings Per Common Share $ 0.78 $ 0.55
Diluted Earnings Per Common Share $ 0.77 $ 0.54
Other Pension Expense $ 28 $ (1)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ 280 226
Discontinued Operations [Member]    
Revenues    
Company sales [1]   1,278
Franchise and license fees and income [1]   25
Costs and Expenses, Net    
Company restaurant expenses [1]   1,045
General and Administrative Expense [1]   74
Franchise and license expenses [1]   12
Refranchising (gain) loss [1]   (3)
Interest expense, net [1]   (1)
Income tax (benefit) provision [1]   $ (50)
Basic Earnings Per Common Share $ 0 $ 0.33
Diluted Earnings Per Common Share $ 0 $ 0.33
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $ 0 $ 138 [1]
[1] Includes historical Yum China financial results from January 1, 2016 to February 29, 2016 plus an additional month of expense associated with the license fee paid to YUM to conform to the new YUM reporting calendar.