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Other Expenses (Income), Net (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Other Income and Expenses [Abstract]        
Amortization of reacquired franchise rights [1] $ 24 $ 10 $ 74 $ 29
Equity income from investments in unconsolidated affiliates [2]   (10)   (37)
Gain from re-measurement of equity interest upon acquisition [3]   (10)   (10)
Foreign exchange impact and others     (1) 3
Other expenses (income), net $ 24 $ (10) $ 73 $ (15)
[1] Increase in amortization of reacquired franchise rights as a result of the acquisition of Hangzhou KFC as disclosed in Note 3, with $66 million of the purchase price allocated to intangible assets related to reacquired franchise right, which is being amortized over the remaining franchise contract period of 1 year.
[2] Includes equity income from our investments in Hangzhou KFC and the Lavazza joint venture before we consolidated the results of these entities upon completion of the acquisitions in 2021 (See Note 3 for additional information).
[3] For the quarter and year to date ended September 30, 2021, the Company recognized a gain of $10 million from the re-measurement of our previously held equity interest at fair value, as a result the consolidation of Lavazza joint venture as disclosed in Note 3.