v3.26.1
Segment Reporting (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]          
Revenues $ 3,138 $ 2,787 $ 6,409 $ 5,768  
Food and paper 918 810 1,881 1,684  
Payroll and employee benefits 804 712 1,617 1,431  
Occupancy and other operating expenses 719 669 1,437 1,357  
General and administrative expenses 139 131 276 269  
Other operating costs and expenses 38 30 69 59  
Closures and impairment expenses, net 12 12 12 18  
Other income, net   (1)   (1)  
Operating Profit (Loss) 348 304 795 703  
Interest income, net [1] 12 25 28 51  
Investment gain (loss) [1] (6) (18) (17) (15)  
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments 354 311 806 739  
Depreciation and Amortization 120 110 237 219  
Impairment Charges 14 13 18 19  
Capital Spending 127 122 271 259  
Total Assets 10,871   10,871   $ 10,783
KFC [Member]          
Segment Reporting Information [Line Items]          
Impairment Charges [2] 11 9 14 14  
Pizza Hut [Member]          
Segment Reporting Information [Line Items]          
Impairment Charges [2] 2 3 3 4  
All Other Segments [Member]          
Segment Reporting Information [Line Items]          
Impairment Charges [2] 1 1 1 1  
Revenue From External Customers [Member]          
Segment Reporting Information [Line Items]          
Revenues 3,138 2,787 6,409 5,768  
Franchisees [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 12 10 24 21  
Transactions With Franchisees [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 148 110 298 227  
Corporate and Unallocated [Member]          
Segment Reporting Information [Line Items]          
Depreciation and Amortization 12 9 22 19  
Capital Spending 29 32 61 71  
Total Assets [3] 3,959   3,959   3,963
Operating Segments [Member] | KFC [Member]          
Segment Reporting Information [Line Items]          
Revenues 2,338 2,096 4,791 4,342  
Food and paper 710 631 1,456 1,316  
Payroll and employee benefits 630 556 1,273 1,110  
Occupancy and other operating expenses 563 523 1,123 1,055  
General and administrative expenses 67 61 128 120  
Other operating costs and expenses 1 1 1 2  
Closures and impairment expenses, net 10 8 10 13  
Operating Profit (Loss) 332 292 749 678  
Depreciation and Amortization 84 76 166 150  
Capital Spending 71 68 155 143  
Total Assets 5,616   5,616   5,560
Operating Segments [Member] | Pizza Hut [Member]          
Segment Reporting Information [Line Items]          
Revenues 613 554 1,248 1,149  
Food and paper 204 177 417 363  
Payroll and employee benefits 171 154 339 317  
Occupancy and other operating expenses 151 141 303 292  
General and administrative expenses 28 26 54 52  
Other operating costs and expenses 3 5 5 11  
Closures and impairment expenses, net 1 3 1 3  
Operating Profit (Loss) 51 46 122 106  
Depreciation and Amortization 23 24 46 47  
Capital Spending 25 21 52 44  
Total Assets 982   982   952
Operating Segments [Member] | All Other Segments [Member]          
Segment Reporting Information [Line Items]          
Revenues 274 201 562 403  
Food and paper 4 2 8 5  
Payroll and employee benefits 3 2 6 5  
Occupancy and other operating expenses 5 5 11 10  
General and administrative expenses 8 8 14 16  
Other operating costs and expenses [4] 231 168 474 335  
Closures and impairment expenses, net 1 1 1 2  
Operating Profit (Loss) (1) (1)   (3)  
Depreciation and Amortization 1 1 3 3  
Capital Spending 2 1 3 1  
Total Assets 314   314   $ 308
Operating Segments [Member] | Corporate and Unallocated [Member]          
Segment Reporting Information [Line Items]          
Revenues [1] 133 97 264 198  
General and administrative expenses [1] 36 36 80 81  
Other operating costs and expenses [1] 23 17 44 34  
Other income, net [1]   (1)   (1)  
Operating Profit (Loss) [1] (34) (33) (76) (78)  
Interest income, net [1] 12 25 28 51  
Investment gain (loss) [1] (6) (18) (17) (15)  
Operating Segments [Member] | Revenue From External Customers [Member] | KFC [Member]          
Segment Reporting Information [Line Items]          
Revenues 2,338 2,096 4,791 4,342  
Operating Segments [Member] | Revenue From External Customers [Member] | Pizza Hut [Member]          
Segment Reporting Information [Line Items]          
Revenues 613 554 1,248 1,149  
Operating Segments [Member] | Revenue From External Customers [Member] | All Other Segments [Member]          
Segment Reporting Information [Line Items]          
Revenues 54 40 106 79  
Operating Segments [Member] | Revenue From External Customers [Member] | Corporate and Unallocated [Member]          
Segment Reporting Information [Line Items]          
Revenues [1],[5] 133 97 264 198  
Operating Segments [Member] | Franchisees [Member] | KFC [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 10 9 21 19  
Operating Segments [Member] | Franchisees [Member] | Pizza Hut [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 2 1 3 2  
Operating Segments [Member] | Transactions With Franchisees [Member] | KFC [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 15 15 30 29  
Operating Segments [Member] | Transactions With Franchisees [Member] | Pizza Hut [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 2 1 4 3  
Operating Segments [Member] | Transactions With Franchisees [Member] | All Other Segments [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 23 16 48 33  
Operating Segments [Member] | Transactions With Franchisees [Member] | Corporate and Unallocated [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold [1],[5] 108 78 216 162  
Operating Segments [Member] | Inter-Segment Revenue [Member] | All Other Segments [Member]          
Segment Reporting Information [Line Items]          
Revenues [4] 220 161 456 324  
Elimination [Member]          
Segment Reporting Information [Line Items]          
Revenues (220) (161) (456) (324)  
Payroll and employee benefits     (1) (1)  
Other operating costs and expenses (220) (161) (455) (323)  
Elimination [Member] | Inter-Segment Revenue [Member]          
Segment Reporting Information [Line Items]          
Revenues [4] (220) (161) (456) (324)  
Combined [Member]          
Segment Reporting Information [Line Items]          
Revenues 3,358 2,948 6,865 6,092  
Food and paper 918 810 1,881 1,684  
Payroll and employee benefits 804 712 1,618 1,432  
Occupancy and other operating expenses 719 669 1,437 1,357  
General and administrative expenses 139 131 276 269  
Other operating costs and expenses 258 191 524 382  
Closures and impairment expenses, net 12 12 12 18  
Other income, net   (1)   (1)  
Operating Profit (Loss) 348 304 795 703  
Combined [Member] | Revenue From External Customers [Member]          
Segment Reporting Information [Line Items]          
Revenues 3,138 2,787 6,409 5,768  
Combined [Member] | Franchisees [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 12 10 24 21  
Combined [Member] | Transactions With Franchisees [Member]          
Segment Reporting Information [Line Items]          
Cost of goods and services sold 148 110 298 227  
Combined [Member] | Inter-Segment Revenue [Member]          
Segment Reporting Information [Line Items]          
Revenues [4] $ 220 $ 161 $ 456 $ 324  
[1] Amounts have not been allocated to any segment for performance reporting purposes.
[2] Primarily includes store closure impairment charges and restaurant-level impairment charges resulting from our semi-annual impairment evaluation.
[3] Primarily includes cash and cash equivalents, short-term investments, long-term bank deposits and notes, equity investments, and inventories that are centrally managed and PP&E that are not specifically identifiable within each segment.

 

As substantially all of the Company’s revenue is derived from the PRC and substantially all of the Company’s long-lived assets are located in the PRC, no geographical information is presented. In addition, revenue derived from and long-lived assets located in the U.S., the Company’s country of domicile, are immaterial.

[4] Primarily includes revenues and associated costs generated from the delivery services that were provided to our Company-owned restaurants.
[5] Amounts from corporate and unallocated primarily include revenues and associated expenses of transactions with franchisees derived from the Company’s central procurement model whereby the Company centrally purchases substantially all food and paper products from suppliers then sells and delivers to KFC and Pizza Hut restaurants, including franchisees. 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.