v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Types of Arrangements and Segments

The following tables present revenue disaggregated by types of arrangements and segments:

 

 

 

Quarter Ended 6/30/2026

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

2,294

 

 

$

604

 

 

$

12

 

 

$

 

 

$

2,910

 

 

$

 

 

$

2,910

 

Franchise fees and income

 

 

24

 

 

 

3

 

 

 

2

 

 

 

 

 

 

29

 

 

 

 

 

 

29

 

Revenues from transactions
   with franchisees

 

 

19

 

 

 

3

 

 

 

25

 

 

 

108

 

 

 

155

 

 

 

 

 

 

155

 

Other revenues

 

 

1

 

 

 

3

 

 

 

235

 

 

 

25

 

 

 

264

 

 

 

(220

)

 

 

44

 

Total revenues

 

$

2,338

 

 

$

613

 

 

$

274

 

 

$

133

 

 

$

3,358

 

 

$

(220

)

 

$

3,138

 

 

 

 

Quarter Ended 6/30/2025

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

2,059

 

 

$

545

 

 

$

9

 

 

$

 

 

$

2,613

 

 

$

 

 

$

2,613

 

Franchise fees and income

 

 

19

 

 

 

2

 

 

 

3

 

 

 

 

 

 

24

 

 

 

 

 

 

24

 

Revenues from transactions
   with franchisees

 

 

17

 

 

 

1

 

 

 

17

 

 

 

80

 

 

 

115

 

 

 

 

 

 

115

 

Other revenues

 

 

1

 

 

 

6

 

 

 

172

 

 

 

17

 

 

 

196

 

 

 

(161

)

 

 

35

 

Total revenues

 

$

2,096

 

 

$

554

 

 

$

201

 

 

$

97

 

 

$

2,948

 

 

$

(161

)

 

$

2,787

 

 

 

 

 

Year to Date Ended 6/30/2026

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

4,704

 

 

$

1,231

 

 

$

22

 

 

$

 

 

$

5,957

 

 

$

 

 

$

5,957

 

Franchise fees and income

 

 

47

 

 

 

6

 

 

 

6

 

 

 

 

 

 

59

 

 

 

 

 

 

59

 

Revenues from transactions
    with franchisees

 

 

38

 

 

 

5

 

 

 

51

 

 

 

217

 

 

 

311

 

 

 

 

 

 

311

 

Other revenues

 

 

2

 

 

 

6

 

 

 

483

 

 

 

47

 

 

 

538

 

 

 

(456

)

 

 

82

 

Total revenues

 

$

4,791

 

 

$

1,248

 

 

$

562

 

 

$

264

 

 

$

6,865

 

 

$

(456

)

 

$

6,409

 

 

 

 

Year to Date Ended 6/30/2025

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

4,267

 

 

$

1,129

 

 

$

18

 

 

$

 

 

$

5,414

 

 

$

 

 

$

5,414

 

Franchise fees and income

 

 

40

 

 

 

4

 

 

 

7

 

 

 

 

 

 

51

 

 

 

 

 

 

51

 

Revenues from transactions
    with franchisees

 

 

33

 

 

 

3

 

 

 

36

 

 

 

164

 

 

 

236

 

 

 

 

 

 

236

 

Other revenues

 

 

2

 

 

 

13

 

 

 

342

 

 

 

34

 

 

 

391

 

 

 

(324

)

 

 

67

 

Total revenues

 

$

4,342

 

 

$

1,149

 

 

$

403

 

 

$

198

 

 

$

6,092

 

 

$

(324

)

 

$

5,768

 

 

Contract Liabilities

Contract liabilities at June 30, 2026 and December 31, 2025 were as follows:

 

Contract liabilities

 

6/30/2026

 

 

12/31/2025

 

– Deferred revenue related to prepaid stored-value products

 

$

147

 

 

$

133

 

– Deferred revenue related to upfront franchise fees

 

 

56

 

 

 

57

 

– Deferred revenue related to customer loyalty programs

 

 

19

 

 

 

18

 

– Deferred revenue related to privilege membership programs

 

 

43

 

 

 

44

 

Total

 

$

265

 

 

$

252