XML 56 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details 3) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Jan. 01, 2018
Cash and cash equivalents $ 982   $ 1,522  
Total Revenues 1,371 $ 1,417    
Net Cash Provided by Operating Activities 189 288    
Net Cash Provided by (Used in) Investing Activities 164 104    
Net Cash Provided by (Used in) Financing Activities (976) (629)    
Operating Profit 553 484    
Net Income (Loss) Attributable to Parent $ 433 $ 280    
Diluted Earnings Per Common Share $ 1.27 $ 0.77    
Accounts and notes receivable, net $ 501   400  
Prepaid expenses and other current assets 406   384  
Investment Income, Net 66 $ 1    
Advertising cooperative assets, restricted 0   201  
Assets, Current 1,889   2,507  
Property, plant and equipment, net 1,651   1,697  
Goodwill 514   512  
Intangible assets, net 105   110  
Other assets 490   346  
Deferred income taxes 187   139  
Assets 4,836   5,311  
Accounts payable and other current liabilities 924   813  
Income taxes payable 124   123  
Short-term borrowings 61   375  
Advertising cooperative liabilities 0   201  
Liabilities, Current 1,109   1,512  
Long-term debt 9,419   9,429  
Other liabilities and deferred credits 1,062   704  
Liabilities 11,590   11,645  
Retained earnings (Accumulated deficit) 6,539   6,063  
Accumulated other comprehensive income (loss) (215)   (271)  
Stockholders' Equity Attributable to Parent (6,754)   (6,334)  
Total Liabilities and Shareholders’ Deficit 4,836   5,311  
Unallocated and General and administrative expenses [Domain]        
Costs associated with PH U.S. Acceleration Agreement     39  
General and Administrative Expense [Member] | Unallocated [Member]        
Costs Associated with strategic initiatives 1 7    
Scenario, Previously Reported [Member]        
Cash and cash equivalents     1,522  
Accounts and notes receivable, net     400  
Prepaid expenses and other current assets     384  
Advertising cooperative assets, restricted     201  
Assets, Current     2,507  
Property, plant and equipment, net     1,697  
Goodwill     512  
Intangible assets, net     110  
Other assets     346  
Deferred income taxes     139  
Assets     5,311  
Accounts payable and other current liabilities     813  
Income taxes payable     123  
Short-term borrowings     375  
Advertising cooperative liabilities     201  
Liabilities, Current     1,512  
Long-term debt     9,429  
Other liabilities and deferred credits     704  
Liabilities     11,645  
Retained earnings (Accumulated deficit)     6,063  
Accumulated other comprehensive income (loss)     (271)  
Stockholders' Equity Attributable to Parent     (6,334)  
Total Liabilities and Shareholders’ Deficit     $ 5,311  
Balances with Adoption of Topic 606 [Domain]        
Cash and cash equivalents       $ 1,533
Accounts and notes receivable, net       512
Prepaid expenses and other current assets       460
Advertising cooperative assets, restricted       0
Assets, Current       2,505
Property, plant and equipment, net       1,708
Goodwill       512
Intangible assets, net       110
Other assets       464
Deferred income taxes       165
Assets       5,464
Accounts payable and other current liabilities       1,033
Income taxes payable       123
Short-term borrowings       375
Advertising cooperative liabilities       0
Liabilities, Current       1,531
Long-term debt       9,429
Other liabilities and deferred credits       1,057
Liabilities       12,017
Retained earnings (Accumulated deficit)       6,303
Accumulated other comprehensive income (loss)       (250)
Stockholders' Equity Attributable to Parent       (6,553)
Total Liabilities and Shareholders’ Deficit       5,464
UNITED STATES | Other pension (income) expense [Member]        
Pension data adjustment 0 $ 22 [1]    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]        
Cash and cash equivalents (20)     11
Total Revenues (270)      
Net Cash Provided by Operating Activities (20)      
Operating Profit [2] (4)      
Net Income (Loss) Attributable to Parent $ (3)      
Diluted Earnings Per Common Share $ (0.01)      
Accounts and notes receivable, net $ (109)     112
Prepaid expenses and other current assets (71)     76 [3]
Investment Income, Net 0      
Advertising cooperative assets, restricted 197     (201)
Assets, Current (3)     (2)
Property, plant and equipment, net (13)     11
Goodwill 0     0
Intangible assets, net 0     0
Other assets (118)     118
Deferred income taxes (24)     26
Assets (158)     153
Accounts payable and other current liabilities (235)     220
Income taxes payable 0     0
Short-term borrowings 0     0
Advertising cooperative liabilities 197     (201)
Liabilities, Current (38)     19
Long-term debt 0     0
Other liabilities and deferred credits (339)     353
Liabilities (377)     372
Retained earnings (Accumulated deficit) (242)     240
Accumulated other comprehensive income (loss) (23)     21
Stockholders' Equity Attributable to Parent 219     (219)
Total Liabilities and Shareholders’ Deficit (158)     153
Accounting Standards Update 2014-09 [Member]        
Costs associated with KFC U.S. and PH U.S. Acceleration Agreement $ 4      
Deferred income taxes       26
Accumulated other comprehensive income (loss)       21
Up-front Payment Arrangement [Member] | Accounting Standards Update 2014-09 [Member]        
Accounts payable and other current liabilities       57
Other liabilities and deferred credits       335
Retained earnings (Accumulated deficit)       392
Franchise Incentive [Member] | Accounting Standards Update 2014-09 [Member]        
Prepaid expenses and other current assets       18
Other assets       118
Retained earnings (Accumulated deficit)       (136)
Advertising cooperative assets, restricted [Member] | Accounting Standards Update 2014-09 [Member]        
Cash and cash equivalents       $ 11
[1] Reflects a non-cash, out-of-year charge related to the adjustment of certain historical deferred vested liability balances in the Plan during the first quarter of 2017 recorded in Other pension (income) expense. See Note 5.
[2] Includes $4 million of franchise incentive payments related to the KFC U.S. Acceleration Agreement and the Pizza Hut U.S. Transformation Agreement that would have been expensed immediately and that we would not have allocated to the KFC Division or the Pizza Hut Division under Legacy GAAP. Upon the adoption of Topic 606, these payments have been capitalized as assets.
[3] Includes $58 million of restricted cash related to advertising cooperatives. These balances can only be used to settle obligations of the respective cooperatives.