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Reportable Operating Segments
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Reportable Operating Segments Reportable Operating Segments
We identify our operating segments based on management responsibility. The following tables summarize Revenues and Operating Profit for each of our reportable operating segments:
 Quarter endedYear to date
Revenues2022202120222021
KFC Division$677 $682 $1,337 $1,307 
Taco Bell Division586 532 1,103 1,020 
Pizza Hut Division235 249 479 500 
Habit Burger Grill Division138 139 264 261 
 $1,636 $1,602 $3,183 $3,088 

 Quarter endedYear to date
Operating Profit 2022202120222021
KFC Division$293 $318 $584 $618 
Taco Bell Division215 198 400 376 
Pizza Hut Division93 103 195 205 
Habit Burger Grill Division(2)5 (10)5 
Corporate and unallocated G&A expenses(a)
(65)(63)(136)(113)
Unallocated Franchise and property expenses(a)
(4)— (4)— 
Unallocated Refranchising gain (loss)8 7 12 22 
Unallocated Other income (expense)(a)
16 (1)22 (3)
Operating Profit$554 $567 $1,063 $1,110 
Investment income (expense), net(b)
(15)1 (8)1 
Other pension income (expense) (1)(2)(1)(5)
Interest expense, net(c)
(148)(159)(266)(290)
Income before income taxes$390 $407 $788 $816 
Our chief operating decision maker (“CODM”) does not consider the impact of Corporate and unallocated amounts when assessing Divisional segment performance. As such, we do not allocate such amounts to our Divisional segments for performance reporting purposes.

(a)Our operating results for the quarter and year to date ended June 30, 2022, continue to reflect royalty revenues and expenses to support the Russian operations for Pizza Hut prior to the date of transfer and for KFC for the entire quarter and year to date (see Note 1) within their historical financial statement line items and operating segments. However, given our decision to exit Russia and our pledge to direct any future net profits attributable to Russia subsequent to the date of invasion to humanitarian efforts, we have reclassed such net profits from the Division segment results in which they were earned to Corporate and unallocated. Additionally, we have incurred certain expenses related to the transfer of the businesses and other one-time costs related to our exit from Russia which we have recorded within Corporate and unallocated. As a result of these reclasses of net profits and the other costs and expenses we have incurred, we recorded charges of $2 million to Corporate and unallocated G&A expenses and $4 million to Unallocated Franchise and property expenses during both the quarter and year to date ended June 30, 2022, as well as income of $20 million and $27 million to Unallocated Other (income) expense during the quarter and year to date ended June 30, 2022, respectively.

(b)Includes changes in the value of our investment in Devyani International Limited (see Note 12).

(c)Includes a $23 million call premium and $5 million of unamortized debt issuance costs written off related to the redemption of the 2025 Notes (see Note 10) during the quarter ended June 30, 2022. Includes a $28 million call premium and $6 million of unamortized debt issuance costs written off related to the redemption of the $1,050 million aggregate principal amount of 5.25% Subsidiary Senior Unsecured Notes due in 2026 during the quarter ended June 30, 2021. Includes fees expensed and unamortized debt issuance costs written off totaling $12 million related to the refinancing of the Credit Agreement (as described within our 2021 Form 10-K) during the quarter ended March 31, 2021.