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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 2,128 $ 2,451 $ 4,796 $ 5,008
Costs and Expenses, Net        
General and administrative expenses 141 136 292 266
Other operating costs and expenses 18 13 35 24
Closures and impairment expenses, net 14 13 16 11
Other expenses (income), net 24 1 49 (5)
Total costs and expenses, net 2,047 2,218 4,524 4,433
Operating Profit 81 233 272 575
Interest income, net [1] 14 16 26 31
Investment gain (loss) [1] 20 8 (17) (4)
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments 115 257 281 602
Income tax provision (31) (64) (86) (166)
Equity in net earnings (losses) from equity method investments (1)   (2)  
Net income – including noncontrolling interests 83 193 193 436
Net income – noncontrolling interests 0 12 10 25
Net Income – Yum China Holdings, Inc. $ 83 $ 181 $ 183 $ 411
Weighted-average common shares outstanding (in millions):        
Basic [2] 421 421 423 420
Diluted [2] 424 435 427 434
Basic Earnings Per Common Share $ 0.20 $ 0.43 $ 0.43 $ 0.98
Diluted Earnings Per Common Share $ 0.20 $ 0.42 $ 0.43 $ 0.95
Company Sales [Member]        
Revenues        
Revenues $ 2,026 $ 2,233 $ 4,574 $ 4,564
Franchise [Member]        
Revenues        
Revenues 19 38 43 80
Costs and Expenses, Net        
Cost of goods and services sold 8 16 18 33
Transactions With Franchisees and Unconsolidated Affiliates [Member]        
Revenues        
Revenues 62 164 139 335
Costs and Expenses, Net        
Cost of goods and services sold 61 160 136 329
Other Revenues [Member]        
Revenues        
Revenues 21 16 40 29
Company Restaurant Expenses [Member]        
Costs and Expenses, Net        
Food and paper 627 686 1,419 1,390
Payroll and employee benefits 549 540 1,216 1,084
Occupancy and other operating expenses 605 653 1,343 1,301
Cost of goods and services sold $ 1,781 $ 1,879 $ 3,978 $ 3,775
[1] Amounts have not been allocated to any segment for performance reporting purposes.
[2] As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding.