v3.26.3
Revenue Recognition (Tables)
9 Months Ended
Sep. 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 9/30/2026

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

2,547

 

 

$

654

 

 

$

13

 

 

$

—

 

 

$

3,214

 

 

$

—

 

 

$

3,214

 

Franchise fees and income

 

 

26

 

 

 

4

 

 

 

2

 

 

 

—

 

 

 

32

 

 

 

—

 

 

 

32

 

Revenues from transactions
   with franchisees

 

 

23

 

 

 

3

 

 

 

30

 

 

 

127

 

 

 

183

 

 

 

—

 

 

 

183

 

Other revenues

 

 

1

 

 

 

4

 

 

 

262

 

 

 

26

 

 

 

293

 

 

 

(245

)

 

 

48

 

Total revenues

 

$

2,597

 

 

$

665

 

 

$

307

 

 

$

153

 

 

$

3,722

 

 

$

(245

)

 

$

3,477

 

 

 

 

 

Quarter Ended 9/30/2025

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

2,363

 

 

$

624

 

 

$

11

 

 

$

—

 

 

$

2,998

 

 

$

—

 

 

$

2,998

 

Franchise fees and income

 

 

22

 

 

 

3

 

 

 

3

 

 

 

—

 

 

 

28

 

 

 

—

 

 

 

28

 

Revenues from transactions
   with franchisees

 

 

18

 

 

 

2

 

 

 

23

 

 

 

97

 

 

 

140

 

 

 

—

 

 

 

140

 

Other revenues

 

 

1

 

 

 

6

 

 

 

235

 

 

 

18

 

 

 

260

 

 

 

(220

)

 

 

40

 

Total revenues

 

$

2,404

 

 

$

635

 

 

$

272

 

 

$

115

 

 

$

3,426

 

 

$

(220

)

 

$

3,206

 

 

 

 

Year to Date Ended 9/30/2026

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

7,251

 

 

$

1,885

 

 

$

35

 

 

$

—

 

 

$

9,171

 

 

$

—

 

 

$

9,171

 

Franchise fees and income

 

 

73

 

 

 

10

 

 

 

8

 

 

 

—

 

 

 

91

 

 

 

—

 

 

 

91

 

Revenues from transactions
    with franchisees

 

 

61

 

 

 

8

 

 

 

81

 

 

 

344

 

 

 

494

 

 

 

—

 

 

 

494

 

Other revenues

 

 

3

 

 

 

10

 

 

 

745

 

 

 

73

 

 

 

831

 

 

 

(701

)

 

 

130

 

Total revenues

 

$

7,388

 

 

$

1,913

 

 

$

869

 

 

$

417

 

 

$

10,587

 

 

$

(701

)

 

$

9,886

 

 

 

 

Year to Date Ended 9/30/2025

 

Revenues

 

KFC

 

 

Pizza Hut

 

 

All Other
Segments

 

 

Corporate and Unallocated

 

 

Combined

 

 

Elimination

 

 

Consolidated

 

Company sales

 

$

6,630

 

 

$

1,753

 

 

$

29

 

 

$

—

 

 

$

8,412

 

 

$

—

 

 

$

8,412

 

Franchise fees and income

 

 

62

 

 

 

7

 

 

 

10

 

 

 

—

 

 

 

79

 

 

 

—

 

 

 

79

 

Revenues from transactions
    with franchisees

 

 

51

 

 

 

5

 

 

 

59

 

 

 

261

 

 

 

376

 

 

 

—

 

 

 

376

 

Other revenues

 

 

3

 

 

 

19

 

 

 

577

 

 

 

52

 

 

 

651

 

 

 

(544

)

 

 

107

 

Total revenues

 

$

6,746

 

 

$

1,784

 

 

$

675

 

 

$

313

 

 

$

9,518

 

 

$

(544

)

 

$

8,974

 

 

Contract Liabilities

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

 

Contract liabilities

 

9/30/2026

 

 

12/31/2025

 

– Deferred revenue related to prepaid stored-value products

 

$

139

 

 

$

133

 

– Deferred revenue related to upfront franchise fees

 

 

55

 

 

 

57

 

– Deferred revenue related to customer loyalty programs

 

 

19

 

 

 

18

 

– Deferred revenue related to privilege membership programs

 

 

37

 

 

 

44

 

Total

 

$

250

 

 

$

252