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Segment Reporting (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Revenues $ 2,557 $ 1,754  
Operating Profit 342 97  
Unallocated Other expenses   (1)  
Interest income, net [1] 15 9  
Investment loss [1] (12) (8)  
Income Before Income Taxes 345 98  
Impairment Charges 3 12  
Total Assets 10,837   $ 10,875
Revenue From External Customers [Member]      
Segment Reporting Information [Line Items]      
Revenues 2,557 1,754  
Revenue From External Customers [Member] | KFC [Member]      
Segment Reporting Information [Line Items]      
Revenues 1,832 1,269  
Revenue From External Customers [Member] | Pizza Hut [Member]      
Segment Reporting Information [Line Items]      
Revenues 541 324  
Revenue From External Customers [Member] | All Other Segments [Member]      
Segment Reporting Information [Line Items]      
Revenues 53 21  
Corporate and Unallocated [Member]      
Segment Reporting Information [Line Items]      
Revenues [1] 131 140  
Unallocated revenues from transactions with franchisees and unconsolidated affiliates [2] 129 139  
Unallocated Other revenues 2 1  
Unallocated expenses from transactions with franchisees and unconsolidated affiliates [2] (129) (135)  
Unallocated Other operating costs and expenses (3) (1)  
Unallocated and corporate G&A expenses (41) (21)  
Total Assets [3] 5,514   5,507
Corporate and Unallocated [Member] | Revenue From External Customers [Member]      
Segment Reporting Information [Line Items]      
Revenues [1] 131 140  
Operating Segments [Member] | KFC [Member]      
Segment Reporting Information [Line Items]      
Revenues 1,832 1,269  
Operating Profit [4] 327 153  
Impairment Charges [5] 2 4  
Total Assets [6] 4,056   4,084
Operating Segments [Member] | Pizza Hut [Member]      
Segment Reporting Information [Line Items]      
Revenues 541 324  
Operating Profit 60 (28)  
Impairment Charges [5] 1 6  
Total Assets 888   906
Operating Segments [Member] | All Other Segments [Member]      
Segment Reporting Information [Line Items]      
Revenues 78 28  
Operating Profit (3) (10)  
Impairment Charges [5]   2  
Total Assets 379   $ 378
Operating Segments [Member] | Revenue From External Customers [Member]      
Segment Reporting Information [Line Items]      
Revenues 2,557 1,754  
Elimination [Member]      
Segment Reporting Information [Line Items]      
Revenues (25) (7)  
Elimination [Member] | All Other Segments [Member]      
Segment Reporting Information [Line Items]      
Revenues 25 7  
Combined [Member]      
Segment Reporting Information [Line Items]      
Revenues $ 2,582 $ 1,761  
[1] Amounts have not been allocated to any segment for performance reporting purposes.
[2] Primarily includes revenues and associated expenses of transactions with franchisees and unconsolidated affiliates derived from the Company’s central procurement model whereby the Company centrally purchases substantially all food and paper products from suppliers and then sells and delivers them to KFC and Pizza Hut restaurants, including franchisees and unconsolidated affiliates. Amounts have not been allocated to any segment for purposes of making operating decisions or assessing financial performance as the transactions are deemed corporate revenues and expenses in nature.
[3] Primarily includes cash and cash equivalents, short-term investments, investment in equity securities, long-term time deposits and inventories that are centrally managed.
[4] Includes equity income from investments in unconsolidated affiliates of $19 million and $20 million for the quarters ended March 31, 2021 and 2020, respectively.
[5] Primarily includes store closure impairment charges, restaurant-level impairment charges resulting from our semi-annual impairment evaluation as well as our additional impairment evaluation performed in the first quarter of 2020 in response to adverse impact from the COVID-19 pandemic. See Note 11.
[6] Includes investments in unconsolidated affiliates.