Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2021

Revenue From Contract With Customer [Abstract]

Schedule of Disaggregation of Revenue by Types of Arrangements and Segments

The following table presents revenue disaggregated by types of arrangements and segments:

	Quarter Ended 3/31/2021
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,783	$	538	$	10	$	—	$	2,331	$	—		$	2,331
Franchise fees and income		33		2		7		—		42		—			42
Revenues from transactions with franchisees and unconsolidated affiliates		15		1		26		129		171		—			171
Other revenues		1		—		35		2		38		(25	)		13
Total revenues	$	1,832	$	541	$	78	$	131	$	2,582	$	(25	)	$	2,557

	Quarter Ended 3/31/2020
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,220	$	322	$	6	$	—	$	1,548	$	—		$	1,548
Franchise fees and income		33		1		1		—		35		—			35
Revenues from transactions with franchisees and unconsolidated affiliates		16		1		5		139		161		—			161
Other revenues		—		—		16		1		17		(7	)		10
Total revenues	$	1,269	$	324	$	28	$	140	$	1,761	$	(7	)	$	1,754

Contract Liabilities

Contract liabilities at March 31, 2021 and December 31, 2020 were as follows: 

Contract liabilities	3/31/2021		12/31/2020
- Deferred revenue related to prepaid stored-value products	$	117	$	117
- Deferred revenue related to upfront franchise fees		39		38
- Deferred revenue related to customer loyalty programs		26		23
- Deferred revenue related to privilege membership programs		21		27
- Others		1		1
Total	$	204	$	206