v3.26.1
Short-term Borrowings and Long-term Debt
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Short-term Borrowings and Long-term Debt Short-term Borrowings and Long-term Debt
Short-term Borrowings6/30/202612/31/2025
Current maturities of long-term debt$2,823 $39 
Other
— 2 
2,823 41 
Less current portion of debt issuance costs and discounts(10)(3)
Short-term borrowings$2,813 $38 
Long-term Debt
Securitization Notes$4,306 $4,306 
Subsidiary Senior Unsecured Notes750 750 
Revolving Facility675 300 
Term Loan A Facility488 494 
Term Loan B Facility1,421 1,429 
YUM Senior Unsecured Notes4,550 4,550 
Finance lease obligations146 148 
$12,336 $11,976 
Less long-term portion of debt issuance costs and discounts(52)(66)
Less current maturities of long-term debt(2,823)(39)
Long-term debt$9,462 $11,872 

The Term Loan A Facility and the Revolving Facility will mature on the earliest of (i) April 26, 2029, (ii) the date that is 91 days prior to the March 15, 2028 maturity of the existing Term Loan B Facility if more than $250 million of such Term Loan B remains outstanding as of such date or (iii) the date that is 91 days prior to the June 1, 2027 maturity of the existing Subsidiary Senior Unsecured Notes if more than $250 million of such Subsidiary Senior Unsecured Notes remain outstanding as of such date. Given the $750 million in Subsidiary Senior Unsecured Notes outstanding at June 30, 2026, the maturity date of the Term Loan A Facility and Revolving Facility will occur less than 12 months from the balance sheet date of these Condensed Consolidated Financial Statements if the Company has not paid nor refinanced at least $500 million of the Subsidiary Senior Unsecured Notes 91 days prior to June 1, 2027. As such, the outstanding borrowings of the Term Loan A Facility and the Revolving Facility have been classified as Short-term borrowings in the Condensed Consolidated Balance Sheets as of June 30, 2026.

Details of our Short-term borrowings and Long-term debt as of December 31, 2025 can be found within our 2025 Form 10-K.

Cash paid for interest during the years to date ended June 30, 2026 and 2025, was $267 million and $256 million, respectively.