Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023
Goodwill, gross	$	2,323		$	1,840		$	18	$	465
Accumulated impairment losses(a)		(391	)		—			—		(391	)
Goodwill, net		1,932			1,840			18		74
Effect of currency translation adjustments		(32	)		(31	)		—		(1	)
Balance as of March 31, 2024
Goodwill, gross		2,291			1,809			18		464
Accumulated impairment losses(a)		(391	)		—			—		(391	)
Goodwill, net	$	1,900		$	1,809		$	18	$	73

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

Schedule of Finite and Indefinite Lived Intangible Assets by Major Class

Intangible assets, net as of March 31, 2024 and December 31, 2023 are as follows:

	3/31/2024										12/31/2023
	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	$	264	$	(261	)	$	—		$	3	$	268	$	(265	)	$	—		$	3
Huang Ji Huang     franchise related assets		21		(4	)		—			17		21		(4	)		—			17
Daojia platform		16		(4	)		(12	)		—		16		(4	)		(12	)		—
Customer-related assets		12		(10	)		(2	)		—		12		(10	)		(2	)		—
Others		8		(5	)		—			3		9		(6	)		—			3
	$	321	$	(284	)	$	(14	)	$	23	$	326	$	(289	)	$	(14	)	$	23
Indefinite-lived intangible    assets
Little Sheep trademark	$	50	$	—		$	—		$	50	$	51	$	—		$	—		$	51
Huang Ji Huang     trademark		74		—			—			74		76		—			—			76
	$	124	$	—		$	—		$	124	$	127	$	—		$	—		$	127
Total intangible assets	$	445	$	(284	)	$	(14	)	$	147	$	453	$	(289	)	$	(14	)	$	150

(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.