Pension Benefits

9 Months Ended

Sep. 30, 2023

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. plans as benefits are paid. Our two significant U.S. plans, including the Plan and a supplemental plan, were previously amended such that any salaried employee hired or rehired by YUM after September 30, 2001, is not eligible to participate in those plans. Additionally, these two plans in the U.S. are currently closed to new hourly participants.  

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

	Quarter ended				Year to date
	2023		2022		2023		2022
Service cost	$	1	$	2	$	3	$	5
Interest cost	10		8		31		24
Expected return on plan assets	(12)		(11)		(37)		(34)
Amortization of net (gain) / loss	—		3		(1)		8
Amortization of prior service cost	—		1		1		4
Net periodic benefit cost	$	(1)	$	3	$	(3)	$	7
Additional loss recognized due to settlements(a)	$	—	$	2	$	—	$	2

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