Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill

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

	Total Company			KFC			Pizza Hut			All Other Segments
Balance as of December 31, 2021
Goodwill, gross	$	2,533		$	2,040		$	20		$	473
Accumulated impairment losses(a)		(391	)		—			—			(391	)
Goodwill, net	$	2,142		$	2,040		$	20		$	82
Goodwill acquired(b)		16			15			1			—
Effect of currency translation adjustments		(170	)		(162	)		(2	)		(6	)
Balance as of December 31, 2022
Goodwill, gross		2,379			1,893			19			467
Accumulated impairment losses(a)		(391	)		—			—			(391	)
Goodwill, net	$	1,988		$	1,893		$	19		$	76
Goodwill acquired(b)		1			1			—			—
Effect of currency translation adjustments		(57	)		(54	)		(1	)		(2	)
Balance as of December 31, 2023
Goodwill, gross		2,323			1,840			18			465
Accumulated impairment losses(a)		(391	)		—			—			(391	)
Goodwill, net	$	1,932		$	1,840		$	18		$	74

(a)Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia.

(b)Goodwill acquired resulted from the acquisition of restaurants from our existing franchisees during 2022 and 2023, which was immaterial.

Schedule of Finite and Indefinite Lived Intangible Assets by Major Class

Intangible assets, net as of December 31, 2023 and 2022 are as follows:

	2023										2022
	Gross Carrying Amount(a)		Accumulated Amortization(a)			Accumulated Impairment Losses(b)			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment Losses(b)			Net Carrying Amount
Finite-lived intangible assets
Reacquired franchise rights	$	268	$	(265	)	$	—		$	3	$	276	$	(271	)	$	—		$	5
Huang Ji Huang franchise    related assets		21		(4	)		—			17		22		(3	)		—			19
Daojia platform		16		(4	)		(12	)		—		16		(4	)		(12	)		—
Customer-related assets		12		(10	)		(2	)		—		12		(9	)		(2	)		1
Other		9		(6	)		—			3		9		(5	)		—			4
	$	326	$	(289	)	$	(14	)	$	23	$	335	$	(292	)	$	(14	)	$	29
Indefinite-lived intangible assets
Little Sheep trademark	$	51	$	—		$	—		$	51	$	52	$	—		$	—		$	52
Huang Ji Huang trademark		76		—			—			76		78		—			—			78
	$	127	$	—		$	—		$	127	$	130	$	—		$	—		$	130
Total intangible assets	$	453	$	(289	)	$	(14	)	$	150	$	465	$	(292	)	$	(14	)	$	159

(a)Changes in gross carrying amount and accumulated amortization include the effect of currency translation adjustments.

(b)Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform.