Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill are as follows:


	KFC		Taco Bell		Pizza Hut		Habit Burger Grill		Worldwide

























































Goodwill, net as of December 31, 2021(a)	$	232	$	98	$	257	$	70	$	657

Disposals and other, net(b)	(7)		—		(8)		(4)		(19)
Goodwill, net as of December 31, 2022(a)	$	225	$	98	$	249	$	66	$	638
Disposals and other, net(b)	1		—		3		—		4
Goodwill, net as of December 31, 2023(a)	$	226	$	98	$	252	$	66	642

(a)Goodwill, net includes $144 million of accumulated impairment losses related to our Habit Burger Grill segment and $17 million of accumulated impairment losses related to our Pizza Hut segment for each year presented.

(b)Disposals and other, net includes the impact of foreign currency translation on existing balances and goodwill write-offs associated with refranchising.

Intangible assets, net for the years ended 2023 and 2022 are as follows:


	2023				2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets
Capitalized software costs	$	524	$	(309)	$	469	$	(263)
Reacquired franchise rights	7		(3)		35		(29)
Franchise contract rights	78		(73)		91		(84)
Other	24		(19)		24		(16)
	$	633	$	(404)	$	619	$	(392)

Indefinite-lived intangible assets
KFC trademark	$	31			$	31
Habit Burger Grill brand asset	96				96
Other	21				—
	$	148			$	127

Amortization expense for all finite-lived intangible assets was $74 million in 2023, $68 million in 2022 and $76 million in 2021. Amortization expense for finite-lived intangible assets, based on existing intangible assets as of December 31, 2023, is expected to approximate $79 million in 2024, $63 million in 2025, $48 million in 2026, $26 million in 2027 and $10 million in 2028.

At December 31, 2022, KFC Russia finite-lived intangible assets of $23 million were classified as held for sale and are included in Prepaid expenses and other current assets in our Consolidated Balance Sheet (see Note 9) and thus are not included in the table above.