XML 59 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Items Affecting Comparability of Net Income, Financial Position and Cash Flows (Details)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended 48 Months Ended 51 Months Ended
Mar. 31, 2019
USD ($)
days
Years
restaurants
$ / shares
shares
Mar. 31, 2018
USD ($)
restaurants
$ / shares
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
Mar. 31, 2019
USD ($)
days
Years
shares
Jan. 01, 2019
USD ($)
Net Cash Provided by (Used in) Investing Activities $ (34.0) $ 164.0          
Net Cash Provided by (Used in) Financing Activities $ (278.0) (976.0)          
Investment Owned, Balance, Shares | shares 2.8         2.8  
Net Cash Provided by (Used in) Operating Activities $ 300.0 189.0          
Costs associated with PH U.S. Acceleration Agreement 8.0 7.0          
Revenues 1,254.0 1,371.0          
Total Liabilities and Shareholders’ Deficit 4,744.0   $ 4,130.0   $ 4,130.0 $ 4,744.0  
Cash and cash equivalents 278.0   292.0   292.0 278.0  
Proceeds from refranchising of restaurants 14.0 205.0          
Refranchising (gain) loss (6.0) (156.0)          
General and Administrative Expense 211.0 219.0          
Interest Income (Expense), Net 115.0 107.0          
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 299.0 509.0          
Income tax provision 37.0 76.0          
Cost of Goods and Services Sold 272.0 438.0          
Accounts and notes receivable, net 543.0   561.0   561.0 543.0  
Prepaid expenses and other current assets (365.0)   (354.0)   (354.0) (365.0)  
Assets, Current 1,186.0   1,207.0   1,207.0 1,186.0  
Property, plant and equipment, net 1,212.0   1,237.0   1,237.0 1,212.0  
Goodwill 529.0   525.0   525.0 529.0  
Intangible assets, net 243.0   242.0   242.0 243.0  
Other assets 1,372.0   724.0   724.0 1,372.0  
Deferred income taxes 202.0   195.0   195.0 202.0  
Assets 4,744.0   4,130.0   4,130.0 4,744.0  
Accounts payable and other current liabilities 918.0   911.0   911.0 918.0  
Income taxes payable 71.0   69.0   69.0 71.0  
Short-term borrowings 338.0   321.0   321.0 338.0  
Liabilities, Current 1,327.0   1,301.0   1,301.0 1,327.0  
Long-term debt 9,736.0   9,751.0   9,751.0 9,736.0  
Other liabilities and deferred credits 1,585.0   1,004.0   1,004.0 1,585.0  
Liabilities 12,648.0   12,056.0   12,056.0 12,648.0  
Accumulated deficit 7,580.0   7,592.0   7,592.0 7,580.0  
Accumulated other comprehensive income (loss) (324.0)   (334.0)   (334.0) (324.0)  
Stockholders' Equity Attributable to Parent (7,904.0)   (7,926.0)   (7,926.0) (7,904.0)  
Franchisor Costs 43.0 47.0          
Cooperative Advertising Expense 301.0 272.0          
Other (income) expense 0.0 (2.0)          
Total costs and expenses, net 821.0 818.0          
Operating Income (Loss) 433.0 553.0          
Other investment (income) expense, net 16.0 (66.0)          
Other pension (income) expense 3.0 3.0          
Net Income (Loss) Attributable to Parent $ 262.0 $ 433.0          
Earnings Per Share, Basic | $ / shares $ 0.85 $ 1.30          
Diluted Earnings Per Common Share | $ / shares $ 0.83 $ 1.27          
Equity Securities, FV-NI, Cost $ 200.0         $ 200.0  
Equity Securities, FV-NI, Unrealized Gain (Loss) 20.0            
KFC Global Division [Member]              
Revenues 566.0 $ 658.0          
Refranchising (gain) loss (2.0) (57.0)          
Operating Income (Loss) 236.0 221.0          
Unallocated [Member]              
Refranchising (gain) loss (6.0) (156.0)          
General and Administrative Expense 43.0 44.0          
Franchisor Costs [1] 1.0 1.0          
Other (income) expense 0.0 (1.0)          
Pizza Hut Global Division [Member]              
Revenues 243.0 251.0          
Refranchising (gain) loss 0.0 (2.0)          
Operating Income (Loss) 97.0 88.0          
Taco Bell Global Division [Member]              
Revenues 445.0 462.0          
Refranchising (gain) loss (4.0) (97.0)          
Operating Income (Loss) $ 138.0 $ 132.0          
Refranchising (gain) loss              
Number of Restaurants Refranchised | restaurants 6 144          
Franchise and property expenses [Member]              
Costs associated with PH U.S. Acceleration Agreement   $ 3.0          
Franchise and property expenses [Member] | Unallocated and General and administrative expenses [Domain]              
Costs associated with PH U.S. Acceleration Agreement $ 1.0 1.0 37.5 $ 33.0      
Balances with Adoption of Topic 842 [Member]              
Total Liabilities and Shareholders’ Deficit             $ 4,809.0
Cash and cash equivalents             292.0
Accounts and notes receivable, net             561.0
Prepaid expenses and other current assets             (344.0)
Assets, Current             1,197.0
Property, plant and equipment, net             1,237.0
Goodwill             525.0
Intangible assets, net             242.0
Other assets             1,413.0
Deferred income taxes             195.0
Assets             4,809.0
Accounts payable and other current liabilities             987.0
Income taxes payable             69.0
Short-term borrowings             321.0
Liabilities, Current             1,377.0
Long-term debt             9,751.0
Other liabilities and deferred credits             1,609.0
Liabilities             12,737.0
Accumulated deficit             7,594.0
Accumulated other comprehensive income (loss)             (334.0)
Stockholders' Equity Attributable to Parent             (7,928.0)
Product [Member]              
Revenues 333.0 512.0          
Franchise [Member]              
Revenues 612.0 584.0          
Advertising [Member]              
Revenues $ 309.0 275.0          
Investment closing date [Member]              
Time period shares are restricted from being transferred | Years 2         2  
Termination of Master Services Agreement [Member]              
Time period shares are restricted from being transferred | days 30         30  
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Maximum [Member]              
Derivative, Maturity Date Jun. 12, 2020            
Equipment [Member] | Franchise and property expenses [Member]              
Costs associated with KFC U.S. Acceleration Agreement $ 1.0 1.0       $ 122.0  
Incremental Advertising [Member] | KFC Global Division [Member]              
Costs associated with KFC U.S. Acceleration Agreement   2.0          
2017 to 2018 [Domain] | Franchise and property expenses [Member] | Unallocated and General and administrative expenses [Domain]              
Costs associated with PH U.S. Acceleration Agreement 90.0            
2015 to 2019 [Member] | Equipment [Member] | Franchise and property expenses [Member]              
Costs associated with KFC U.S. Acceleration Agreement 130.0            
2015 to 2018 [Domain] | Incremental Advertising [Member] | KFC Global Division [Member]              
Costs associated with KFC U.S. Acceleration Agreement         60.0    
Capital Investments [Member] | Unallocated and General and administrative expenses [Domain]              
Costs associated with PH U.S. Acceleration Agreement       $ 39.0      
Previously Reported [Member]              
Total Liabilities and Shareholders’ Deficit     4,130.0   4,130.0    
Cash and cash equivalents     292.0   292.0    
Accounts and notes receivable, net     561.0   561.0    
Prepaid expenses and other current assets     (354.0)   (354.0)    
Assets, Current     1,207.0   1,207.0    
Property, plant and equipment, net     1,237.0   1,237.0    
Goodwill     525.0   525.0    
Intangible assets, net     242.0   242.0    
Other assets     724.0   724.0    
Deferred income taxes     195.0   195.0    
Assets     4,130.0   4,130.0    
Accounts payable and other current liabilities     911.0   911.0    
Income taxes payable     69.0   69.0    
Short-term borrowings     321.0   321.0    
Liabilities, Current     1,301.0   1,301.0    
Long-term debt     9,751.0   9,751.0    
Other liabilities and deferred credits     1,004.0   1,004.0    
Liabilities     12,056.0   12,056.0    
Accumulated deficit     7,592.0   7,592.0    
Accumulated other comprehensive income (loss)     (334.0)   (334.0)    
Stockholders' Equity Attributable to Parent     (7,926.0)   (7,926.0)    
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Other Assets [Member]              
Equity Securities, FV-NI $ 194.0 $ 66.0 $ 214.0   $ 214.0 $ 194.0  
Accounting Standards Update 2016-02 [Member]              
Total Liabilities and Shareholders’ Deficit             679.0
Cash and cash equivalents             0.0
Accounts and notes receivable, net             0.0
Prepaid expenses and other current assets             10.0
Assets, Current             (10.0)
Property, plant and equipment, net             0.0
Goodwill             0.0
Intangible assets, net             0.0
Other assets             689.0
Deferred income taxes             0.0
Assets             679.0
Accounts payable and other current liabilities             76.0
Income taxes payable             0.0
Short-term borrowings             0.0
Liabilities, Current             76.0
Long-term debt             0.0
Other liabilities and deferred credits             605.0
Liabilities             681.0
Accumulated deficit             2.0
Accumulated other comprehensive income (loss)             0.0
Stockholders' Equity Attributable to Parent             (2.0)
Accounting Standards Update 2016-02 [Member] | Lease Right of Use Asset [Member]              
Other assets             690.0
Present Value of Operating Lease Payments [Member] | Accounting Standards Update 2016-02 [Member]              
Accounts payable and other current liabilities             83.0
Other liabilities and deferred credits             661.0
Write off impact of recognizing rent expense on straight line basis [Member] | Accounting Standards Update 2016-02 [Member]              
Accounts payable and other current liabilities             7.0
Other liabilities and deferred credits             56.0
Write off of prepaid rent recorded under Legacy GAAP [Member] | Accounting Standards Update 2016-02 [Member]              
Prepaid expenses and other current assets             (11.0)
Other assets             $ 1.0
[1] Represents costs associated with the KFC U.S. Acceleration Agreement and Pizza Hut U.S. Transformation Agreement. See Note 5.