XML 65 R32.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue Recognition Accounting Policy (Tables)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Disaggregation of Revenue [Table Text Block]
The following tables disaggregate revenue by Concept, for our two most significant markets based on Operating Profit and for all other markets. We believe this disaggregation best reflects the extent to which the nature, amount, timing and uncertainty of our revenues and cash flows are impacted by economic factors.
 
Quarter ended 9/30/2019
 
 
KFC Division
 
Pizza Hut Division
 
Taco Bell Division
 
Total
U.S.
 
 
 
 
 
 
 
 
Company sales
 
$
17

 
$
5

 
$
216

 
$
238

Franchise revenues
 
40

 
63

 
142

 
245

Property revenues
 
5

 
2

 
10

 
17

Franchise contributions for advertising and other services
 
2

 
71

 
114

 
187

 
 
 
 
 
 
 
 
 
China
 
 
 
 
 
 
 
 
Franchise revenues
 
57

 
16

 

 
73

 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
Company sales
 
118

 
8

 

 
126

Franchise revenues
 
226

 
61

 
6

 
293

Property revenues
 
16

 
1

 

 
17

Franchise contributions for advertising and other services
 
128

 
14

 
1

 
143

 
 
$
609

 
$
241

 
$
489

 
$
1,339



 
Quarter ended 9/30/2018
 
 
KFC Division
 
Pizza Hut Division
 
Taco Bell Division
 
Total
U.S.
 
 
 
 
 
 
 
 
Company sales
 
$
17

 
$
6

 
$
265

 
$
288

Franchise revenues
 
41

 
65

 
131

 
237

Property revenues
 
5

 
1

 
5

 
11

Franchise contributions for advertising and other services
 
3

 
62

 
105

 
170

 
 
 
 
 
 
 
 
 
China
 
 
 
 
 
 
 
 
Franchise revenues
 
52

 
16

 

 
68

 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
Company sales
 
204

 
7

 

 
211

Franchise revenues
 
204

 
60

 
6

 
270

Property revenues
 
18

 
1

 

 
19

Franchise contributions for advertising and other services
 
105

 
11

 
1

 
117

 
 
$
649

 
$
229

 
$
513

 
$
1,391


 
Year to date ended 9/30/2019
 
 
KFC Division
 
Pizza Hut Division
 
Taco Bell Division
 
Total
U.S.
 
 
 
 
 
 
 
 
Company sales
 
$
51

 
$
15

 
$
624

 
$
690

Franchise revenues
 
119

 
197

 
410

 
726

Property revenues
 
16

 
5

 
31

 
52

Franchise contributions for advertising and other services
 
7

 
223

 
327

 
557

 
 
 
 
 
 
 
 
 
China
 
 
 
 
 
 
 
 
Franchise revenues
 
165

 
46

 

 
211

 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
Company sales
 
344

 
20

 
2

 
366

Franchise revenues
 
649

 
181

 
19

 
849

Property revenues
 
50

 
2

 

 
52

Franchise contributions for advertising and other services
 
358

 
41

 
1

 
400

 
 
$
1,759

 
$
730

 
1,414

 
$
3,903



 
Year to date ended 9/30/2018
 
 
KFC Division
 
Pizza Hut Division
 
Taco Bell Division
 
Total
U.S.
 
 
 
 
 
 
 
 
Company sales
 
$
50

 
$
31

 
$
759

 
840

Franchise revenues
 
119

 
197

 
371

 
687

Property revenues
 
16

 
3

 
16

 
35

Franchise contributions for advertising and other services
 
7

 
187

 
293

 
487

 
 
 
 
 
 
 
 
 
China
 
 
 
 
 
 
 
 
Franchise revenues
 
155

 
47

 

 
202

 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
Company sales
 
657

 
24

 
2

 
683

Franchise revenues
 
592

 
183

 
17

 
792

Property revenues
 
55

 
2

 

 
57

Franchise contributions for advertising and other services
 
307

 
39

 
1

 
347

 
 
$
1,958

 
$
713

 
$
1,459

 
$
4,130


Deferred Franchise Fees [Table Text Block]     A summary of significant changes to the contract liability balance during 2019 is presented below.

 
 
Deferred Franchise Fees
Balance at December 31, 2018
 
$
414

Revenue recognized that was included in unamortized upfront fees received from franchisees at the beginning of the period
 
(47
)
Increase for upfront fees associated with contracts that became effective during the period, net of amounts recognized as revenue during the period
 
51

Balance at September 30, 2019
 
$
418



 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]    
We expect to recognize contract liabilities as revenue over the remaining term of the associated franchise agreement as follows:

Less than 1 year
$
61

 
1 - 2 years
58

 
2 - 3 years
53

 
3 - 4 years
48

 
4 - 5 years
44

 
Thereafter
154

 
Total
$
418