Equity

9 Months Ended

Sep. 30, 2021

Stockholders Equity Note [Abstract]

Equity

Note 5 – Equity

Changes in Equity and Redeemable Noncontrolling Interest (in millions)

	Yum China Holdings, Inc.
										Accumulated
	Common				Additional					Other														Redeemable
	Stock				Paid-in		Retained			Comprehensive			Treasury Stock						Noncontrolling		Total			Noncontrolling
	Shares*		Amount		Capital		Earnings			Income (Loss)			Shares*			Amount			Interests		Equity			Interest
Balance at June 30, 2021		440	$	4	$	4,679	$	2,415		$	205			(20	)	$	(728	)	$	241	$	6,816		$	12
Net Income								104												7		111			—
Foreign currency translation adjustments											8									2		10			—
Comprehensive income																						121			—
Acquisition of business																				7		7
Cash dividends declared    ($0.12 per common share)								(51	)													(51	)
Repurchase of shares of common stock														(1	)		(34	)				(34	)
Exercise and vesting of share-based awards		1		—		—																—
Exercise of the warrants		3		—		—																—
Share-based compensation						6																6
Balance at September 30, 2021		444	$	4	$	4,685	$	2,468		$	213			(20	)	$	(762	)	$	257	$	6,865		$	12
Balance at June 30, 2020		397	$	4	$	2,444	$	1,565		$	(82	)		(20	)	$	(728	)	$	72	$	3,275		$	12
Net Income								439												11		450			—
Foreign currency translation adjustments											117									6		123			—
Comprehensive income																						573			—
Acquisition of business																				144		144
Issuance of common stock, net of issuance costs		42		—		2,193																2,193
Exercise and vesting of share-based awards		—		—		—																—
Share-based compensation						10																10
Balance at September 30, 2020		439	$	4	$	4,647	$	2,004		$	35			(20	)	$	(728	)	$	233	$	6,195		$	12

	Yum China Holdings, Inc.
											Accumulated
	Common				Additional						Other															Redeemable
	Stock				Paid-in			Retained			Comprehensive			Treasury Stock						Noncontrolling			Total			Noncontrolling
	Shares		Amount		Capital			Earnings			Income (Loss)			Shares*			Amount			Interests			Equity			Interest
Balance at December 31, 2020		440	$	4	$	4,658		$	2,105		$	167			(20	)	$	(728	)	$	253		$	6,459		$	12
Net Income									515												32			547			—
Foreign currency translation adjustments												46									4			50			—
Comprehensive income																								597			—
Acquisition of business																					7			7
Cash dividends declared    ($0.36 per common share)									(152	)														(152	)
Dividends declared																					(39	)		(39	)
Repurchase of shares of common stock															(1	)		(34	)					(34	)
Exercise and vesting of share-based awards		1		—		(5	)																	(5	)
Exercise of the warrants		3		—		—																		—
Share-based compensation						32																		32
Balance at September 30, 2021		444	$	4	$	4,685		$	2,468		$	213			(20	)	$	(762	)	$	257		$	6,865		$	12
Balance at December 31, 2019		395	$	4	$	2,427		$	1,416		$	(49	)		(19	)	$	(721	)	$	98		$	3,175		$	—
Net Income									633												19			652			—
Foreign currency translation adjustments												84									4			88			—
Comprehensive income																								740			—
Acquisition of business																					144			144			12
Cash dividends declared    ($0.12 per common share)									(45	)														(45	)
Dividends declared																					(32	)		(32	)
Issuance of common stock, net of issuance costs		42		—		2,193																		2,193
Repurchase of shares of common stock															—			(7	)					(7	)
Exercise and vesting of share-based awards		2		—		—																		—
Share-based compensation						27																	27
Balance at September 30, 2020		439	$	4	$	4,647		$	2,004		$	35			(20	)	$	(728	)	$	233		$	6,195		$	12

*: Shares may not add due to rounding.

Share Repurchase Program

Our Board of Directors has authorized an aggregate of $1.4 billion for our share repurchase program. The Company repurchased 0.6 million and 0.2 million shares of Yum China common stock at a total cost of $34 million and $7 million during the years to date ended September 30, 2021 and 2020, respectively. The total repurchase cost included $2 million settled subsequent to September 30, 2021, for shares repurchased with trade dates prior to September 30, 2021. As of September 30, 2021, $658 million remained available for future share repurchases under the authorization.