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Reportable Operating Segments (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

Revenues

 

 

 

2016

 

 

2015

 

 

2014

 

KFC

 

$

4,696

 

 

$

4,768

 

 

$

4,893

 

Pizza Hut Casual Dining

 

 

1,774

 

 

 

1,825

 

 

 

1,696

 

All Other Segments

 

 

282

 

 

 

316

 

 

 

345

 

 

 

$

6,752

 

 

$

6,909

 

 

$

6,934

 

 

 

Operating Profit; Interest Income, Net; and

Income Before Income Taxes

 

 

 

2016

 

 

2015

 

 

2014

 

KFC(a)

 

$

645

 

 

$

499

 

 

$

435

 

Pizza Hut Casual Dining

 

 

150

 

 

 

145

 

 

 

176

 

All Other Segments

 

 

(6

)

 

 

(14

)

 

 

(44

)

Unallocated and corporate expenses(b)

 

 

(153

)

 

 

(144

)

 

 

(143

)

Unallocated Closures and impairment expense(b)(c)

 

 

(17

)

 

 

—

 

 

 

(463

)

Unallocated Refranchising gain(b)

 

 

15

 

 

 

13

 

 

 

17

 

Unallocated Other income (expense)(b)

 

 

6

 

 

 

(11

)

 

 

25

 

Operating Profit

 

 

640

 

 

 

488

 

 

 

3

 

Interest income, net(b)

 

 

11

 

 

 

8

 

 

 

14

 

Changes in fair value of financial instruments

 

 

21

 

 

 

—

 

 

 

—

 

Income Before Income Taxes

 

$

672

 

 

$

496

 

 

$

17

 

 

 

Depreciation and Amortization

 

 

 

2016

 

 

2015

 

 

2014

 

KFC

 

$

266

 

 

$

283

 

 

$

286

 

Pizza Hut Casual Dining

 

 

111

 

 

 

109

 

 

 

92

 

All Other Segments

 

 

14

 

 

 

20

 

 

 

20

 

Corporate

 

 

11

 

 

 

13

 

 

 

13

 

 

 

$

402

 

 

$

425

 

 

$

411

 

 

 

Capital Spending

 

 

 

2016

 

 

2015

 

 

2014

 

KFC

 

$

221

 

 

$

259

 

 

$

269

 

Pizza Hut Casual Dining

 

 

118

 

 

 

176

 

 

 

187

 

All Other Segments

 

 

12

 

 

 

16

 

 

 

23

 

Corporate

 

 

85

 

 

 

61

 

 

 

46

 

 

 

$

436

 

 

$

512

 

 

$

525

 

 

 

Identifiable Assets

 

 

 

2016

 

 

2015

 

KFC(d)

 

$

1,411

 

 

$

1,577

 

Pizza Hut Casual Dining

 

 

628

 

 

 

718

 

All Other Segments

 

 

160

 

 

 

181

 

Corporate(e)

 

 

1,528

 

 

 

725

 

 

 

$

3,727

 

 

$

3,201

 

 

 

Long-Lived Assets(f)

 

 

 

2016

 

 

2015

 

KFC

 

$

1,099

 

 

$

1,248

 

Pizza Hut Casual Dining

 

 

553

 

 

 

616

 

All Other Segments

 

 

129

 

 

 

146

 

Corporate

 

 

33

 

 

 

23

 

 

 

$

1,814

 

 

$

2,033

 

(a)

Includes equity income from investments in unconsolidated affiliates of $54 million, $41 million and $30 million in 2016, 2015 and 2014, respectively.

 

(b)

Amounts have not been allocated to any segment for performance reporting purposes.

 

(c)

Represents 2014 impairment losses related to Little Sheep and 2016 incremental restaurant-level impairment charges. See Note 5.

 

(d)

Includes investments in 3 unconsolidated affiliates totaling $71 million and $61 for 2016 and 2015, respectively.

 

(e)

Primarily includes cash and inventories that are centrally managed.

 

(f)

Includes property, plant and equipment, net, goodwill, and intangible assets, net.