Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Types of Arrangements and Segments

The following tables present revenue disaggregated by types of arrangements and segments:

	Quarter Ended 3/31/2024
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	2,193	$	587	$	14	$	—	$	2,794	$	—		$	2,794
Franchise fees and income		18		2		5		—		25		—			25
Revenues from transactions    with franchisees		14		1		20		72		107		—			107
Other revenues		5		5		164		15		189		(157	)		32
Total revenues	$	2,230	$	595	$	203	$	87	$	3,115	$	(157	)	$	2,958

	Quarter Ended 3/31/2023
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	2,166	$	591	$	15	$	—	$	2,772	$	—		$	2,772
Franchise fees and income		17		2		6		—		25		—			25
Revenues from transactions    with franchisees		10		1		19		63		93		—			93
Other revenues		5		3		162		10		180		(153	)		27
Total revenues	$	2,198	$	597	$	202	$	73	$	3,070	$	(153	)	$	2,917

Contract Liabilities

Contract liabilities at March 31, 2024 and December 31, 2023 were as follows:

Contract liabilities	3/31/2024		12/31/2023
– Deferred revenue related to prepaid stored-value products	$	131	$	142
– Deferred revenue related to upfront franchise fees		37		37
– Deferred revenue related to customer loyalty programs		27		24
– Deferred revenue related to privilege membership programs		25		24
– Others		1		1
Total	$	221	$	228