Pension Benefits

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Pension Benefits

Pension BenefitsWe sponsor qualified and supplemental (non-qualified) noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees.  The most significant of these plans, the YUM Retirement Plan (the “Plan”), is funded. We fund our other U.S. plan as benefits are paid.  The Plan and our non-qualified plan in the U.S. are closed to new salaried participants.  

The components of net periodic benefit cost associated with our U.S. pension plans are as follows:

	Quarter ended				Year to date
	2020		2019		2020		2019
Service cost	$	2	$	1	$	6	$	4
Interest cost	9		10		26		30
Expected return on plan assets	(10)		(11)		(32)		(33)
Amortization of net loss	4		—		11		1
Amortization of prior service cost	—		2		3		4
Net periodic benefit cost	$	5	$	2	$	14	$	6
Additional loss recognized due to settlements(a)	$	—	$	1	$	—	$	3

(a)    Loss is a result of settlement transactions which exceeded the sum of annual service and interest costs for the applicable plan. These losses were recorded in Other pension (income) expense.