XML 10 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 2,787 $ 2,679 $ 5,768 $ 5,637
Costs and Expenses, Net        
Food and paper 810 797 1,684 1,693
Payroll and employee benefits 712 666 1,431 1,374
Occupancy and other operating expenses 669 674 1,357 1,371
General and administrative expenses 131 133 269 273
Other operating costs and expenses 30 29 59 58
Closures and impairment expenses, net 12 13 18 14
Other income, net (1)   (1) (1)
Total costs and expenses, net 2,483 2,413 5,065 4,997
Operating Profit 304 266 703 640
Interest income, net [1] 25 31 51 69
Investment (loss) gain [1] (18) 8 (15) 16
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments 311 305 739 725
Income tax provision (80) (77) (199) (190)
Equity in net earnings (losses) from equity method investments 2   6  
Net income – including noncontrolling interests 233 228 546 535
Net income – noncontrolling interests 18 16 39 36
Net Income – Yum China Holdings, Inc. $ 215 $ 212 $ 507 $ 499
Weighted-average common shares outstanding (in millions):        
Basic [2] 373 389 374 395
Diluted [2] 374 391 376 397
Basic Earnings Per Common Share $ 0.58 $ 0.55 $ 1.36 $ 1.27
Diluted Earnings Per Common Share $ 0.58 $ 0.55 $ 1.35 $ 1.26
Company Sales [Member]        
Revenues        
Revenues $ 2,613 $ 2,528 $ 5,414 $ 5,322
Franchise [Member]        
Revenues        
Revenues 24 22 51 47
Costs and Expenses, Net        
Cost of goods and services sold 10 9 21 19
Transactions With Franchisees [Member]        
Revenues        
Revenues 115 96 236 203
Costs and Expenses, Net        
Cost of goods and services sold 110 92 227 196
Other Revenues [Member]        
Revenues        
Revenues 35 33 67 65
Company Restaurant Expenses [Member]        
Costs and Expenses, Net        
Food and paper 810 797 1,684 1,693
Payroll and employee benefits 712 666 1,431 1,374
Occupancy and other operating expenses 669 674 1,357 1,371
Cost of goods and services sold $ 2,191 $ 2,137 $ 4,472 $ 4,438
[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 were 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.