Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

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, 2019
Goodwill, gross	$	645		$	235	$	19	$	391
Accumulated impairment losses(a)		(391	)		—		—		(391	)
Goodwill, net		254			235		19		—
Goodwill acquired(b)		524			465				59
Effect of currency translation adjustments		54			48		1		5
Balance as of December 31, 2020
Goodwill, gross		1,223			748		20		455
Accumulated impairment losses(a)		(391	)		—		—		(391	)
Goodwill, net	$	832		$	748	$	20	$	64
Goodwill acquired(b)		1,288			1,272				16
Effect of currency translation adjustments		22			20		—		2
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

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

(b) Goodwill acquired resulted from the acquisitions of Hangzhou KFC and the Lavazza joint venture during 2021, and the acquisitions of Suzhou KFC and Huang Ji Huang during 2020 (Note 3).

Schedule of Finite and Indefinite Lived Intangible Assets by Major Class

Intangible assets, net as of December 31, 2021 and 2020 are as follows:

	2021										2020
	Gross Carrying Amount(a)		Accumulated Amortization			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(c)	$	295	$	(191	)	$	—		$	104	$	223	$	(144	)	$	—		$	79
Huang Ji Huang franchise related assets		23		(2	)		—			21		23		(1	)		—			22
Daojia platform		16		(4	)		(12	)		—		16		(4	)		(12	)		—
Customer-related assets		12		(9	)		(2	)		1		12		(8	)		(2	)		2
Other		10		(5	)		—			5		9		(4	)		—			5
	$	356	$	(211	)	$	(14	)	$	131	$	283	$	(161	)	$	(14	)	$	108
Indefinite-lived intangible assets
Little Sheep trademark	$	57	$	—		$	—		$	57	$	56	$	—		$	—		$	56
Huang Ji Huang trademark		84		—			—			84		82		—			—			82
	$	141	$	—		$	—		$	141	$	138	$	—		$	—		$	138
Total intangible assets	$	497	$	(211	)	$	(14	)	$	272	$	421	$	(161	)	$	(14	)	$	246

(a) Changes in gross carrying amount include effect of currency translation adjustment.

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

(c) Increase in gross carrying amount of reacquired franchise rights during the year ended December 31, 2021 primarily resulted from the acquisition of Hangzhou KFC (Note 3).