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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent $ 904 $ 1,340
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent   (630)
Depreciation and amortization 195 224
Closures and impairment (income) expenses 3 10
Refranchising (gain) loss (331) (75)
Contributions to defined benefit pension plans (47) (7)
Deferred income taxes 122 29
Share-based compensation expense 35 42
Changes in accounts and notes receivable 17 31
Changes in inventories 7 6
Changes in prepaid expenses and other current assets (14) 19
Changes in accounts payable and other current liabilities (168) (54)
Changes in income taxes payable (125) 8
Other, net 120 (7)
Cash Flows - Investing Activities    
Capital spending (228) (292)
Proceeds from refranchising of restaurants 716 147
Other, net 1 18
Short-term borrowings by original maturity    
Cash and Cash Equivalents - End of Period 980  
Discontinued Operations [Member]    
Cash Flows - Operating Activities    
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 (630) [1]
Closures and impairment (income) expenses [1]   36
Refranchising (gain) loss [1]   (8)
Net Cash Provided by Operating Activities 0 761
Cash Flows - Investing Activities    
Net Cash Used in Investing Activities 0 (231)
Short-term borrowings by original maturity    
Net transfers from discontinued operations 0 180
Net Cash Provided by (Used in) Financing Activities 0 (186)
Continuing Operations [Member]    
Cash Flows - Operating Activities    
Closures and impairment (income) expenses 3 10
Refranchising (gain) loss (331) (75)
Net Cash Provided by Operating Activities 718 936
Cash Flows - Investing Activities    
Net Cash Used in Investing Activities 489 (127)
Cash Flows - Financing Activities    
Proceeds from long-term debt 1,088 6,900
Repayments of long-term debt (372) (310)
Revolving credit facilities, three months or less, net 35 (685)
Short-term borrowings by original maturity    
More than three months - proceeds 0 1,400
More than three months - payments 0 (2,000)
Three months or less, net 0 0
Repurchase shares of Common Stock (1,348) (4,316)
Dividends paid on Common Stock (315) (559)
Debt issuance costs (32) (86)
Other, net (85) (82)
Net Cash Provided by (Used in) Financing Activities (1,029) 442
Effect of Exchange Rates on Cash and Cash Equivalents 42 (8)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations 220 1,243
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows $ 1,051 $ 1,594
[1] Includes historical Yum China financial results from January 1, 2016 to August 31, 2016, plus an additional month of expense associated with the license fee paid to YUM to conform to the new YUM reporting calendar.