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Fair Value Disclosures (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis The following table presents the carrying value and estimated fair value of the Company’s debt obligations:
3/31/202412/31/2023
Carrying ValueFair Value (Level 2)Carrying ValueFair Value (Level 2)
Securitization Notes(a)
$3,743 $3,423 $3,743 $3,391 
Subsidiary Senior Unsecured Notes(b)
750 742 750 742 
Term Loan A Facility(b)
713 709 717 716 
Term Loan B Facility(b)
1,455 1,460 1,459 1,466 
YUM Senior Unsecured Notes(b)
4,550 4,361 4,550 4,439 
(a)    We estimated the fair value of the Securitization Notes using market quotes and calculations. The markets in which the Securitization Notes trade are not considered active markets.

(b)    We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility and Term Loan B Facility using market quotes and calculations based on market rates.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value
Condensed Consolidated Balance SheetLevel3/31/202412/31/2023
Assets
InvestmentsOther assets1 $1 $125 
InvestmentsOther assets3 7 7 
Interest Rate SwapsPrepaid expenses and other current assets2 2824 
Interest Rate SwapsOther assets2 — 2