0000950170-22-007972 | 10-Q | XBRL Viewer

Print Document View Excel Document

Equity - Narrative (Details) - USD ($) shares in Millions	3 Months Ended
Equity - Narrative (Details) - USD ($) shares in Millions	Mar. 31, 2022	Mar. 31, 2021
Class Of Stock [Line Items]
Stock repurchase program, authorized amount	$ 2,400,000,000
Treasury stock repurchased, shares	5	0
Treasury stock repurchased, value	$ 232,000,000
Stock repurchase program, remaining authorized repurchase amount	1,385,000,000
$8 Million Settled Subsequent to March 31, 2022 [Member]
Class Of Stock [Line Items]
Treasury stock repurchased, value	$ 8,000,000

Subsequent Events	3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 16 – Subsequent Events Cash Dividend On May 3, 2022, the Company announced that the Board of Directors declared a cash dividend of $0.12 per share on Yum China's common stock, payable as of the close of business on June 21, 2022, to stockholders of record as of the close of business on May 31, 2022. Total estimated cash dividend payable is approximately $51 million. Amendment to Master License Agreement On April 15, 2022, the Company and YUM, through their respective subsidiaries, entered into an amendment to the master license agreement to amend the development milestones for the Taco Bell brand. The Company has committed to expanding the Taco Bell store network to at least 100 stores by the end of 2022 and at least 225 stores by the end of 2025, with certain investment support from YUM. Subject to achieving these milestones, the Company will have the exclusive right to operate and sublicense the Taco Bell brand in China for 50 years.

Subsequent Events

3 Months Ended

Mar. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

Note 16 – Subsequent Events

Cash Dividend

On May 3, 2022, the Company announced that the Board of Directors declared a cash dividend of $0.12 per share on Yum China's common stock, payable as of the close of business on June 21, 2022, to stockholders of record as of the close of business on May 31, 2022. Total estimated cash dividend payable is approximately $51 million.

Amendment to Master License Agreement

On April 15, 2022, the Company and YUM, through their respective subsidiaries, entered into an amendment to the master license agreement to amend the development milestones for the Taco Bell brand. The Company has committed to expanding the Taco Bell store network to at least 100 stores by the end of 2022 and at least 225 stores by the end of 2025, with certain investment support from YUM. Subject to achieving these milestones, the Company will have the exclusive right to operate and sublicense the Taco Bell brand in China for 50 years.

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue From Contract With Customer [Line Items]
Prepaid gift cards expiration period	36 months
Product vouchers maximum expiration period	12 months
Points expiration period	18 months
Number of days from the period in which the corresponding sales occur that trade receivables are generally due	30 days
Provision for accounts receivable	$ 1		$ 1
Impairment losses related to costs to obtain contracts	0		0
Costs to obtain contracts	6		$ 7
Revenue recognized	$ 62	$ 1
KFC [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years
Pizza Hut [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years
Little Sheep [Member] \| Minimum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	5 years
Little Sheep [Member] \| Maximum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years
Huang Ji Huang \| Minimum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	3 years
Huang Ji Huang \| Maximum [Member]
Revenue From Contract With Customer [Line Items]
Franchisee agreement term	10 years

Leases - Summary of Supplemental Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Schedule Of Lease Assets And Liabilities [Abstract]
Operating lease right-of-use assets	$ 2,546	$ 2,612
Finance lease right-of-use assets	$ 35	$ 33
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property Plant And Equipment Net	Property Plant And Equipment Net
Total leased assets	$ 2,581	$ 2,645
Operating lease liabilities	497	508
Finance lease liabilities, Current	$ 4	$ 3
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and other current liabilities	Accounts payable and other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and other current liabilities	Accounts payable and other current liabilities
Non-current operating lease liabilities	$ 2,214	$ 2,286
Non-current finance lease liabilities	41	40
Total lease liabilities	$ 2,756	$ 2,837

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment


	Quarter Ended 3/31/2022
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated(a)		Combined		Elimination			Consolidated
Revenue from external customers	$	2,017	$	547	$	41	$	63	$	2,668	$	—		$	2,668
Inter-segment revenue		—		—		122		4		126		(126	)		—
Total	$	2,017	$	547	$	163	$	67	$	2,794	$	(126	)	$	2,668


	Quarter Ended 3/31/2021
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated(a)		Combined		Elimination			Consolidated
Revenue from external customers	$	1,832	$	541	$	53	$	131	$	2,557	$	—		$	2,557
Inter-segment revenue		—		—		25		—		25		(25	)		—
Total	$	1,832	$	541	$	78	$	131	$	2,582	$	(25	)	$	2,557


	Quarter Ended
Operating Profit (Loss)	3/31/2022			3/31/2021
KFC(b)	$	220		$	327
Pizza Hut		30			60
All Other Segments		(17	)		(3	)
Unallocated revenues from transactions with franchisees and unconsolidated affiliates(c)		57			129
Unallocated Other revenues		10			2
Unallocated expenses from transactions with franchisees and unconsolidated affiliates(c)		(57	)		(129	)
Unallocated Other operating costs and expenses		(9	)		(3	)
Unallocated and corporate G&A expenses		(44	)		(41	)
Unallocated Other income, net		1			—
Operating Profit	$	191		$	342
Interest income, net(a)		12			15
Investment loss(a)		(37	)		(12	)
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments	$	166		$	345


	Quarter Ended
Impairment Charges	3/31/2022		3/31/2021
KFC(d)	$	5	$	2
Pizza Hut(d)		1		1
All Other Segments(d)		2		—
	$	8	$	3


	Total Assets
	3/31/2022		12/31/2021
KFC	$	5,976	$	6,072
Pizza Hut		944		972
All Other Segments		454		454
Corporate and Unallocated(e)		5,265		5,725
	$	12,639	$	13,223

(a)

Amounts have not been allocated to any segment for performance reporting purposes.

(b)

Includes equity income from our investment in Hangzhou KFC of $19 million for the quarter ended March 31, 2021 before we consolidated the results of the entity upon completion of the acquisition. See Note 3 for details.

(c)

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 that operate our concepts. 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.

(d)

Primarily includes store closure impairment charges.

(e)

Primarily includes cash and cash equivalents, short-term investments, investments in equity securities of Meituan, investments in Sunner and Hangzhou Catering, long-term time deposits and inventories that are centrally managed.

Earnings Per Common Share ("EPS") (Parenthetical) (Details)		1 Months Ended	6 Months Ended
	Jan. 09, 2017 Tranche $ / shares shares	Sep. 30, 2020 shares	Dec. 31, 2021 shares
Class Of Warrant Or Right [Line Items]
Number of tranches of warrants \| Tranche	2
Number of common shares issued as result of cashless exercise			7,534,316
Tranche One Warrants [Member]
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock	8,200,405
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 \| $ / shares	$ 31.40
Tranche Two Warrants [Member]
Class Of Warrant Or Right [Line Items]
Warrants to purchase shares of common stock	8,200,405
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 \| $ / shares	$ 39.25
Secondary Listing [Member]
Class Of Warrant Or Right [Line Items]
Global offering shares of common stock		41,910,700

Supplemental Balance Sheet Information

3 Months Ended

Mar. 31, 2022

Balance Sheet Related Disclosures [Abstract]

Supplemental Balance Sheet Information

Note 9 – Supplemental Balance Sheet Information


Accounts Receivable, net	3/31/2022			12/31/2021
Accounts receivable, gross	$	71		$	68
Allowance for doubtful accounts		(1	)		(1	)
Accounts receivable, net	$	70		$	67


Prepaid Expenses and Other Current Assets	3/31/2022		12/31/2021
Receivables from payment processors and aggregators	$	28	$	45
Other prepaid expenses and current assets		154		176
Prepaid expenses and other current assets	$	182	$	221


Property, Plant and Equipment	3/31/2022			12/31/2021
Buildings and improvements	$	2,776		$	2,695
Finance leases, primarily buildings		55			52
Machinery and equipment, and construction in progress		1,864			1,878
Property, plant and equipment, gross		4,695			4,625
Accumulated depreciation		(2,464	)		(2,374	)
Property, plant and equipment, net	$	2,231		$	2,251


Other Assets	3/31/2022		12/31/2021
VAT assets	$	324	$	322
Land use right		137		138
Long-term deposits		101		101
Investment in long-term time deposits(a)		91		90
Investment in equity securities		84		122
Costs to obtain contracts		6		7
Others		38		52
Other Assets	$	781	$	832


Accounts Payable and Other Current Liabilities	3/31/2022		12/31/2021
Accounts payable	$	592	$	830
Operating lease liabilities		497		508
Accrued compensation and benefits		217		283
Accrued capital expenditures		182		269
Contract liabilities		174		182
Dividends payable		117		38
Accrued marketing expenses		86		71
Other current liabilities		143		151
Accounts payable and other current liabilities	$	2,008	$	2,332


Other Liabilities	3/31/2022		12/31/2021
Accrued income tax payable	$	61	$	56
Contract liabilities		27		26
Other non-current liabilities		85		85
Other liabilities	$	173	$	167

(a)

As of March 31, 2022 and December 31, 2021, the Company had $91 million and $90 million invested in long-term time deposits, respectively, bearing a fixed interest rate, with original maturity of three years. The asset is restricted for use in order to secure the balance of prepaid stored-value cards issued by the Company pursuant to regulatory requirements.

Fair Value Measurements and Disclosures

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements and Disclosures

Note 12 – Fair Value Measurements and Disclosures

The Company’s financial assets and liabilities primarily consist of cash and cash equivalents, short-term investments, long-term time deposits, accounts receivable, accounts payable and lease liabilities, and the carrying values of these assets and liabilities approximate their fair value in general.

The Company accounts for its investment in equity securities of Meituan at fair value, which is determined based on the respective closing market price for the shares at the end of each reporting period, with subsequent fair value changes recorded in our Condensed Consolidated Statements of Income.

The following table is a summary of our financial assets measured on a recurring basis or disclosed at fair value and the level within the fair value hierarchy in which the measurement falls. The Company classifies its cash equivalents, short-term investments, long-term time deposits and investment in equity securities within Level 1 or Level 2 in the fair value hierarchy because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value, respectively. No transfers among the levels within the fair value hierarchy occurred during the quarters ended March 31, 2022 and 2021.


			Fair Value Measurement or Disclosure at March 31, 2022
	Balance at March 31, 2022		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	41	$	41
Fixed income debt securities(a)		100				100
Total cash equivalents		141		41		100		—
Short-term investments:
Time deposits		1,530				1,530
Fixed income debt securities(a)		950				950
Structured deposits		142				142
Total short-term investments		2,622		—		2,622		—
Other assets:
Investment in equity securities		84		84
Long-term time deposits		91				91
Total	$	2,938	$	125	$	2,813	$	—


			Fair Value Measurement or Disclosure at December 31, 2021
	Balance at December 31, 2021		Level 1		Level 2		Level 3
Cash equivalents:
Time deposits	$	321			$	321
Money market funds		45		45
Fixed income debt securities(a)		163		63		100
Total cash equivalents		529		108		421		—
Short-term investments:
Time deposits		1,726				1,726
Fixed income debt securities(a)		1,055				1,055
Variable return investments		79		79
Total short-term investments		2,860		79		2,781		—
Other assets:
Investment in equity securities		122		122
Long-term time deposits		90				90
Total	$	3,601	$	309	$	3,292	$	—

(a)

Classified as held-to-maturity investments and measured at amortized cost.

Non-Recurring Fair Value Measurements

In addition, certain of the Company’s restaurant-level assets (including operating lease ROU assets, property, plant and equipment), goodwill and intangible assets, are measured at fair value based on unobservable inputs (Level 3) on a non-recurring basis, if determined to be impaired.

We review long-lived assets of restaurants semi-annually for impairment, or whenever events or changes in circumstances indicate that the carrying amount of a restaurant may not be recoverable. We recorded restaurant-level impairment of nil for both quarters ended March 31, 2022 and 2021, excluding fair value measurements made for restaurants that were subsequently closed or refranchised prior to those respective quarter-end dates.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

Note 11 – Leases

As of March 31, 2022, we leased over 10,300 properties in China for our Company-owned restaurants. We generally enter into lease agreements for our restaurants with initial terms of 10 to 20 years. Most of our lease agreements contain termination options that permit us to terminate the lease agreement early if the restaurant’s unit contribution is negative for a specified period of time. We generally do not have renewal options for our leases. Such options are accounted for only when it is reasonably certain that we will exercise the options. The rent under the majority of our current restaurant lease agreements is generally payable in one of three ways: (i) fixed rent; (ii) the higher of a fixed base rent or a percentage of the restaurant’s sales; or (iii) a percentage of the restaurant’s sales. Most leases require us to pay common area maintenance fees for the leased property. In addition to restaurants leases, we also lease office spaces, logistics centers and equipment. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

In limited cases, we sub-lease certain restaurants to franchisees in connection with refranchising transactions or lease our properties to other third parties. The lease payments under these leases are generally based on the higher of a fixed base rent or a percentage of the restaurant’s annual sales. Income from sub-lease agreements with franchisees or lease agreements with other third parties are included in Franchise fees and income and Other revenues, respectively, within our Condensed Consolidated Statements of Income.


Supplemental Balance Sheet
	3/31/2022		12/31/2021		Account Classification
Assets
Operating lease right-of-use assets	$	2,546	$	2,612	Operating lease right-of-use assets
Finance lease right-of-use assets		35		33	Property, plant and equipment, net
Total leased assets	$	2,581	$	2,645

Liabilities
Current
Operating lease liabilities	$	497	$	508	Accounts payable and other current liabilities
Finance lease liabilities		4		3	Accounts payable and other current liabilities
Non-current
Operating lease liabilities		2,214		2,286	Non-current operating lease liabilities
Finance lease liabilities		41		40	Non-current finance lease liabilities
Total lease liabilities	$	2,756	$	2,837


Summary of Lease Cost	Quarter Ended
	3/31/2022			3/31/2021			Account Classification

Operating lease cost	$	157		$	136		Occupancy and other operating expenses, G&A or Franchise expenses
Finance lease cost
Amortization of leased assets		1			1		Occupancy and other operating expenses
Variable lease cost(a)		96			95		Occupancy and other operating expenses or Franchise expenses
Short-term lease cost		3			2		Occupancy and other operating expenses or G&A
Sub-lease income		(6	)		(8	)	Franchise fees and income or Other revenues
Total lease cost	$	251		$	226

(a)

The Company was granted $3 million and $5 million in lease concessions from landlords related to the effects of the COVID-19 pandemic during the quarters ended March 31, 2022 and 2021, respectively. The lease concessions were primarily in the form of rent reduction over the period of time when the Company’s restaurant business was adversely impacted. The Company applied the interpretive guidance in a FASB staff Q&A document issued in April 2020 and elected: (1) not to evaluate whether a concession received in response to the COVID-19 pandemic is a lease modification and (2) to assume such concession was contemplated as part of the existing lease contract with no contract modification. Such concession was recognized as negative variable lease cost in the period the concession was granted.


Supplemental Cash Flow Information	Quarter Ended
	3/31/2022		3/31/2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	155	$	144
Operating cash flows from finance leases		1		—
Financing cash flows from finance leases		1		1
Right-of-use assets obtained in exchange for new lease liabilities(b):
Operating leases	$	28	$	78
Finance leases		3		—

(b)

This supplemental non-cash disclosure for right-of-use (“ROU”) assets obtained in exchange for new lease liabilities also includes non-cash transactions resulting in adjustments to the lease liability or ROU asset due to modification or other reassessment events.



Lease Term and Discount Rate	3/31/2022			3/31/2021
Weighted-average remaining lease term (years)
Operating leases		7.1			6.9
Finance leases		11.4			10.9

Weighted-average discount rate
Operating leases		5.4	%		5.8	%
Finance leases		5.4	%		5.8	%

Summary of Future Lease Payments and Lease Liabilities

Maturities of lease liabilities as of March 31, 2022 were as follows:


	Amount of Operating Leases		Amount of Finance Leases		Total
Remainder of 2022	$	484	$	5	$	489
2023		548		6		554
2024		480		6		486
2025		406		5		411
2026		345		5		350
Thereafter		1,015		34		1,049
Total undiscounted lease payment		3,278		61		3,339
Less: imputed interest(c)		567		16		583
Present value of lease liabilities	$	2,711	$	45	$	2,756

(c)

As the rate implicit in the lease cannot be readily determined, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the imputed interest and present value of lease payments. We used the incremental borrowing rate on January 1, 2019 for operating leases that commenced prior to that date.

As of March 31, 2022, we have additional lease agreements that have been signed but not yet commenced, with total undiscounted minimum lease payments of $168 million. These leases will commence between the second quarter of 2022 and 2026 with lease terms of 1 year to 20 years.

Subsequent Events (Details) $ / shares in Units, $ in Millions	May 03, 2022 USD ($) $ / shares	Apr. 15, 2022	Dec. 31, 2025 Store	Dec. 31, 2022 Store
Scenario Forecast [Member] \| Taco Bell [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Number of stores committed to expand \| Store			225	100
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends declared date	May 03, 2022
Dividends payable, amount per share \| $ / shares	$ 0.12
Dividends payable date	Jun. 21, 2022
Dividends payable, date of record	May 31, 2022
Estimated cash dividend payable \| $	$ 51
Subsequent Event [Member] \| Taco Bell [Member]
Subsequent Event [Line Items]
Period of exclusive right to operate		50 years

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax And Effective Tax Rate


	Quarter Ended
	3/31/2022			3/31/2021
Income tax provision	$	55		$	102
Effective tax rate		33.1	%		29.6	%

Earnings Per Common Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share

The following table summarizes the components of basic and diluted EPS (in millions, except per share data):


	Quarter Ended
	3/31/2022		3/31/2021
Net Income – Yum China Holdings, Inc.	$	100	$	230
Weighted-average common shares outstanding (for basic calculation)(a)		426		420
Effect of dilutive share-based awards(a)		4		6
Effect of dilutive warrants(b)		—		8
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)(a)		430		434
Basic Earnings Per Common Share	$	0.23	$	0.55
Diluted Earnings Per Common Share	$	0.23	$	0.53
Share-based awards excluded from the diluted EPS computation(c)		3		2

(a)

As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding.

(b)

Pursuant to the investment agreements dated September 1, 2016, Yum China issued to strategic investors two tranches of warrants on January 9, 2017, with each tranche initially providing the right to purchase 8,200,405 shares of Yum China common stock, at an initial exercise price of $31.40 and $39.25 per share, respectively, subject to customary anti-dilution adjustments. The warrants

were exercisable at any time through October 31, 2021. The incremental shares arising from outstanding warrants were included in the computation of diluted EPS, if there is dilutive effect when the average market price of Yum China common stock for the periods exceeds the applicable exercise price of the warrants. During the second half of 2021, an aggregate of 7,534,316 common shares were issued as a result of the cashless exercise of all warrants outstanding, which upon exercise were excluded from the calculation of dilutive warrants and included in the weighted-average common shares outstanding.

(c)

These outstanding stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance stock units (“PSUs”) were excluded from the computation of diluted EPS because to do so would have been antidilutive for the quarters presented, or because certain PSUs are contingently issuable based on the achievement of performance and market conditions, which have not been met as of March 31, 2022 and 2021.

Leases - Summary of Lease Cost (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Lease Cost [Abstract]

Operating lease cost

$ 157

$ 136

Finance lease cost

Amortization of leased assets

Variable lease cost

^[1]

Short-term lease cost

Sub-lease income

(6)

(8)

Total lease cost

$ 251

$ 226

[1]

Segment Reporting - Narrative (Details)	3 Months Ended
Segment Reporting - Narrative (Details)	Mar. 31, 2022 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of Supplemental Balance Sheet


Supplemental Balance Sheet
	3/31/2022		12/31/2021		Account Classification
Assets
Operating lease right-of-use assets	$	2,546	$	2,612	Operating lease right-of-use assets
Finance lease right-of-use assets		35		33	Property, plant and equipment, net
Total leased assets	$	2,581	$	2,645

Liabilities
Current
Operating lease liabilities	$	497	$	508	Accounts payable and other current liabilities
Finance lease liabilities		4		3	Accounts payable and other current liabilities
Non-current
Operating lease liabilities		2,214		2,286	Non-current operating lease liabilities
Finance lease liabilities		41		40	Non-current finance lease liabilities
Total lease liabilities	$	2,756	$	2,837

Summary of Lease Cost


Summary of Lease Cost	Quarter Ended
	3/31/2022			3/31/2021			Account Classification

Operating lease cost	$	157		$	136		Occupancy and other operating expenses, G&A or Franchise expenses
Finance lease cost
Amortization of leased assets		1			1		Occupancy and other operating expenses
Variable lease cost(a)		96			95		Occupancy and other operating expenses or Franchise expenses
Short-term lease cost		3			2		Occupancy and other operating expenses or G&A
Sub-lease income		(6	)		(8	)	Franchise fees and income or Other revenues
Total lease cost	$	251		$	226

(a)

Schedule of Supplemental Cash Flow Information


Supplemental Cash Flow Information	Quarter Ended
	3/31/2022		3/31/2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	155	$	144
Operating cash flows from finance leases		1		—
Financing cash flows from finance leases		1		1
Right-of-use assets obtained in exchange for new lease liabilities(b):
Operating leases	$	28	$	78
Finance leases		3		—

(b)

Schedule of Lease Terms and Discount Rate



Lease Term and Discount Rate	3/31/2022			3/31/2021
Weighted-average remaining lease term (years)
Operating leases		7.1			6.9
Finance leases		11.4			10.9

Weighted-average discount rate
Operating leases		5.4	%		5.8	%
Finance leases		5.4	%		5.8	%

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2022 were as follows:


	Amount of Operating Leases		Amount of Finance Leases		Total
Remainder of 2022	$	484	$	5	$	489
2023		548		6		554
2024		480		6		486
2025		406		5		411
2026		345		5		350
Thereafter		1,015		34		1,049
Total undiscounted lease payment		3,278		61		3,339
Less: imputed interest(c)		567		16		583
Present value of lease liabilities	$	2,711	$	45	$	2,756

(c)

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income - including noncontrolling interests	$ 110	$ 243
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments	13	(18)
Comprehensive income - including noncontrolling interests	123	225
Comprehensive income - noncontrolling interests	12	12
Comprehensive Income - Yum China Holdings, Inc.	$ 111	$ 213

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Fair Value Measurements and Disclosures - Assets Measured on Recurring Basis or Disclosed at Fair Value (Details) - Recurring Fair Value Measurements [Member] - USD ($)
$ in Millions

Mar. 31, 2022

Dec. 31, 2021

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

$ 141

$ 529

Short-term investments, Fair Value Measurement or Disclosure

2,622

2,860

Total assets, Fair Value Measurement or Disclosure

2,938

3,601

Level 1 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

108

Short-term investments, Fair Value Measurement or Disclosure

Total assets, Fair Value Measurement or Disclosure

125

309

Level 2 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

100

421

Short-term investments, Fair Value Measurement or Disclosure

2,622

2,781

Total assets, Fair Value Measurement or Disclosure

2,813

3,292

Time Deposits [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

321

Short-term investments, Fair Value Measurement or Disclosure

1,530

1,726

Time Deposits [Member] | Level 2 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

321

Short-term investments, Fair Value Measurement or Disclosure

1,530

1,726

Money Market Funds [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

Money Market Funds [Member] | Level 1 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

Fixed Income Debt Securities [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

100

163

^[1]

Short-term investments, Fair Value Measurement or Disclosure

950

1,055

^[1]

Fixed Income Debt Securities [Member] | Level 1 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

^[1]

Fixed Income Debt Securities [Member] | Level 2 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Cash equivalents, Fair Value Measurement or Disclosure

100

^[1]

Short-term investments, Fair Value Measurement or Disclosure

950

1,055

^[1]

Structured Deposits [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Short-term investments, Fair Value Measurement or Disclosure

142

Structured Deposits [Member] | Level 2 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Short-term investments, Fair Value Measurement or Disclosure

142

Investment in Equity Securities [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Other assets, Fair Value Measurement or Disclosure

122

Investment in Equity Securities [Member] | Level 1 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Other assets, Fair Value Measurement or Disclosure

122

Variable Return Investments [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Short-term investments, Fair Value Measurement or Disclosure

Variable Return Investments [Member] | Level 1 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Short-term investments, Fair Value Measurement or Disclosure

Long-term Time Deposits [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Other assets, Fair Value Measurement or Disclosure

Long-term Time Deposits [Member] | Level 2 [Member]

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]

Other assets, Fair Value Measurement or Disclosure

$ 91

$ 90

[1]	Classified as held-to-maturity investments and measured at amortized cost.

Other Expenses (Income), Net (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Other Income And Expenses [Abstract]

Equity income from investments in unconsolidated affiliates

^[1]

$ (17)

Amortization of reacquired franchise rights

^[2]

$ 26

Foreign exchange impact and others

(1)

Other expenses (income), net

$ (25)

$ 6

[1]	Includes equity income from our investments in Hangzhou KFC and the Lavazza joint venture before we consolidated the results of these entities upon completion of the acquisitions in 2021. (See Note 3 for additional information).
[2]	Increase in amortization of reacquired franchise rights resulted from the acquisition of Hangzhou KFC as disclosed in Note 3, with $66 million of the purchase price allocated to intangible assets related to reacquired franchise right, which is being amortized over the remaining franchise contract period of 1 year.

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	449,000,000	449,000,000
Common stock, shares outstanding	423,000,000	428,000,000

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue From Contract With Customer [Abstract]

Schedule of Disaggregation of Revenue by Types of Arrangements and Segments

The following table presents revenue disaggregated by types of arrangements and segments:


	Quarter Ended 3/31/2022
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,991	$	542	$	15	$	—	$	2,548	$	—		$	2,548
Franchise fees and income		16		2		6		—		24		—			24
Revenues from transactions with franchisees and unconsolidated affiliates		8		1		11		57		77		—			77
Other revenues		2		2		131		10		145		(126	)		19
Total revenues	$	2,017	$	547	$	163	$	67	$	2,794	$	(126	)	$	2,668


	Quarter Ended 3/31/2021
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,783	$	538	$	10	$	—	$	2,331	$	—		$	2,331
Franchise fees and income		33		2		7		—		42		—			42
Revenues from transactions with franchisees and unconsolidated affiliates		15		1		26		129		171		—			171
Other revenues		1		—		35		2		38		(25	)		13
Total revenues	$	1,832	$	541	$	78	$	131	$	2,582	$	(25	)	$	2,557

Contract Liabilities

Contract liabilities at March 31, 2022 and December 31, 2021 were as follows:


Contract liabilities	3/31/2022		12/31/2021
– Deferred revenue related to prepaid stored-value products	$	128	$	134
– Deferred revenue related to upfront franchise fees		31		30
– Deferred revenue related to customer loyalty programs		26		25
– Deferred revenue related to privilege membership programs		16		18
– Others		—		1
Total	$	201	$	208

Equity (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders Equity Note [Abstract]

Changes in Equity and Redeemable Noncontrolling Interest

Changes in Equity and Redeemable Noncontrolling Interest (in millions)


	Yum China Holdings, Inc.
											Accumulated
	Common				Additional						Other															Redeemable
	Stock				Paid-in			Retained			Comprehensive			Treasury Stock						Noncontrolling			Total			Noncontrolling
	Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Interests			Equity			Interest
Balance at December 31, 2021		449	$	4	$	4,695		$	2,892		$	268			(21	)	$	(803	)	$	852		$	7,908		$	14
Net Income									100												10			110			—
Foreign currency translation adjustments												11									2			13			—
Comprehensive income																								123			—
Cash dividends declared ($0.12 per common share)									(51	)														(51	)
Dividends declared																					(81	)		(81	)
Contribution from noncontrolling interests																					18			18
Repurchase of shares of common stock															(5	)		(232	)					(232	)
Exercise and vesting of share- based awards		—		—		(2	)																	(2	)
Share-based compensation						11																		11
Balance at March 31, 2022		449	$	4	$	4,704		$	2,941		$	279			(26	)	$	(1,035	)	$	801		$	7,694		$	14

Balance at December 31, 2020		440	$	4	$	4,658		$	2,105		$	167			(20	)	$	(728	)	$	253		$	6,459		$	12
Net Income									230												13			243			—
Foreign currency translation adjustments												(17	)								(1	)		(18	)		—
Comprehensive income																								225			—
Cash dividends declared ($0.12 per common share)									(50	)														(50	)
Dividends declared																					(39	)		(39	)
Exercise and vesting of share- based awards		—		—		(4	)																	(4	)
Share-based compensation						10																		10
Balance at March 31, 2021		440	$	4	$	4,664		$	2,285		$	150			(20	)	$	(728	)	$	226		$	6,601		$	12

Items Affecting Comparability of Net Income

3 Months Ended

Mar. 31, 2022

Items Affecting Comparability Of Net Income [Abstract]

Items Affecting Comparability of Net Income

Note 7 – Items Affecting Comparability of Net Income

Impact of COVID-19 Pandemic

Starting in the first quarter of 2020, the COVID-19 pandemic significantly impacted the Company’s operations. The highly transmissible Omicron variant caused significant volatility in the Company’s business operations in the first quarter of 2022. After a relatively stable period in January and February, the situation rapidly deteriorated in March, resulting in the largest outbreak in China since COVID-19 first emerged in early 2020. Operating profit was $191 million and $342 million for the quarters ended March 31, 2022 and 2021, respectively. The decrease in Operating profit for the quarter was mainly driven by same-store sales declines and temporary store closures resulting from the COVID-19 pandemic.

Fair Value Changes for Investment in Equity Securities

In September 2018, we invested in the equity securities of Meituan, the fair value of which is determined based on the closing market price for the shares at the end of each reporting period, with subsequent fair value changes recorded in our Condensed Consolidated Statements of Income. We recorded related pre-tax loss of $38 million and related pre-tax gain of $1 million for the quarters ended March 31, 2022 and 2021, respectively.

In the first quarter of 2021, we invested in a 5% equity interest in Sunner. The investment in Sunner was recorded at fair value based on its closing market price on each measurement date before it became subject to the equity method of accounting when the Company established significant influence over the operating and financial policies of Sunner in May 2021. We recorded related pre-tax loss of $17 million for the quarter ended March 31, 2021, representing changes in fair value during the quarter.

See Note 3 for additional information on our investment in Meituan and Sunner.

Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Class Of Stock [Line Items]
Beginning balance	$ 7,908	$ 6,459
Net Income	110	243
Foreign currency translation adjustments	13	(18)
Comprehensive income	123	225
Cash dividends declared	(51)	(50)
Dividends declared	(81)	$ (39)
Contribution from noncontrolling interests	18
Repurchase of shares of common stock	$ (232)
Repurchase of shares of common stock, shares	(5)	0
Exercise and vesting of share-based awards	$ (2)	$ (4)
Share-based compensation	11	10
Ending balance	7,694	6,601
Common Stock [Member]
Class Of Stock [Line Items]
Beginning balance	$ 4	$ 4
Beginning balance (in shares)	449	440
Ending balance	$ 4	$ 4
Ending balance (in shares)	449	440
Additional Paid-in Capital [Member]
Class Of Stock [Line Items]
Beginning balance	$ 4,695	$ 4,658
Exercise and vesting of share-based awards	(2)	(4)
Share-based compensation	11	10
Ending balance	4,704	4,664
Retained Earnings [Member]
Class Of Stock [Line Items]
Beginning balance	2,892	2,105
Net Income	100	230
Cash dividends declared	(51)	(50)
Ending balance	2,941	2,285
Accumulated Other Comprehensive Income (Loss) [Member]
Class Of Stock [Line Items]
Beginning balance	268	167
Foreign currency translation adjustments	11	(17)
Ending balance	279	150
Treasury Stock [Member]
Class Of Stock [Line Items]
Beginning balance	$ (803)	$ (728)
Beginning balance (in shares)	(21)	(20)
Repurchase of shares of common stock	$ (232)
Repurchase of shares of common stock, shares	(5)
Ending balance	$ (1,035)	$ (728)
Ending balance (in shares)	(26)	(20)
Noncontrolling Interests [Member]
Class Of Stock [Line Items]
Beginning balance	$ 852	$ 253
Net Income	10	13
Foreign currency translation adjustments	2	(1)
Dividends declared	(81)	(39)
Contribution from noncontrolling interests	18
Ending balance	801	226
Redeemable Noncontrolling Interest [Member]
Class Of Stock [Line Items]
Beginning balance	14	12
Ending balance	$ 14	$ 12

Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Revenues

Total revenues

$ 2,668

$ 2,557

Costs and Expenses, Net

General and administrative expenses

151

130

Other operating costs and expenses

Closures and impairment expenses (income), net

(2)

Other expenses (income), net

(6)

Total costs and expenses, net

2,477

2,215

Operating Profit

191

342

Interest income, net

^[1]

Investment loss

^[1]

(37)

(12)

Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments

166

345

Income tax provision

(55)

(102)

Equity in net earnings (losses) from equity method investments

(1)

Net income – including noncontrolling interests

110

243

Net income – noncontrolling interests

Net Income – Yum China Holdings, Inc.

$ 100

$ 230

Weighted-average common shares outstanding (in millions):

Basic

^[2]

426

420

Diluted

^[2]

430

434

Basic Earnings Per Common Share

$ 0.23

$ 0.55

Diluted Earnings Per Common Share

$ 0.23

$ 0.53

Company Sales [Member]

Revenues

Revenues

$ 2,548

$ 2,331

Franchise [Member]

Revenues

Revenues

Costs and Expenses, Net

Cost of goods and services sold

Transactions With Franchisees and Unconsolidated Affiliates [Member]

Revenues

Revenues

171

Costs and Expenses, Net

Cost of goods and services sold

169

Other Revenues [Member]

Revenues

Revenues

Company Restaurant Expenses [Member]

Costs and Expenses, Net

Food and paper

792

704

Payroll and employee benefits

667

544

Occupancy and other operating expenses

738

648

Cost of goods and services sold

$ 2,197

$ 1,896

[1]

Amounts have not been allocated to any segment for performance reporting purposes.

[2]

Fair Value Measurements and Disclosures - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Transfer from Level 1 to Level 2	$ 0	$ 0
Transfer from Level 2 to Level 1	0	0
Fair Value, Measurements, Nonrecurring [Member] \| Level 3 [Member] \| Restaurant-level impairment [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment of long lived asset	$ 0	$ 0

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill are as follows:


	Total Company			KFC		Pizza Hut		All Other Segments
Balance as of December 31, 2021
Goodwill, gross	$	2,533		$	2,040	$	20	$	473
Accumulated impairment losses (a)		(391	)		—		—		(391	)
Goodwill, net		2,142			2,040		20		82
Goodwill acquired(b)		16			15		1		—
Effect of currency translation adjustment		5			5		—		—
Balance as of March 31, 2022
Goodwill, gross		2,554			2,060		21		473
Accumulated impairment losses (a)		(391	)		—		—		(391	)
Goodwill, net	$	2,163		$	2,060	$	21	$	82

(a)

Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia.

(b)

Goodwill acquired resulted from the acquisition of restaurants from our existing franchisees. The acquisition is considered immaterial.

Schedule of Finite and Indefinite Lived Intangible Assets by Major Class

Intangible assets, net as of March 31, 2022 and December 31, 2021 are as follows:


	3/31/2022										12/31/2021
	Gross Carrying Amount(a)		Accumulated Amortization			Accumulated Impairment Losses(b)			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment Losses(b)			Net Carrying Amount
Finite-lived intangible assets
Reacquired franchise rights	$	300	$	(217	)	$	—		$	83	$	295	$	(191	)	$	—		$	104
Huang Ji Huang franchise related assets		23		(2	)		—			21		23		(2	)		—			21
Daojia platform		16		(4	)		(12	)		—		16		(4	)		(12	)		—
Customer-related assets		12		(9	)		(2	)		1		12		(9	)		(2	)		1
Others		10		(5	)		—			5		10		(5	)		—			5
	$	361	$	(237	)	$	(14	)	$	110	$	356	$	(211	)	$	(14	)	$	131
Indefinite-lived intangible assets
Little Sheep trademark	$	57	$	—		$	—		$	57	$	57	$	—		$	—		$	57
Huang Ji Huang trademark		84		—			—			84		84		—			—			84
	$	141	$	—		$	—		$	141	$	141	$	—		$	—		$	141

Total intangible assets	$	502	$	(237	)	$	(14	)	$	251	$	497	$	(211	)	$	(14	)	$	272

(a)

Changes in gross carrying amount include effect of currency translation adjustments.

(b)

Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform.

Goodwill and Intangible Assets (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Goodwill [Line Items]

Goodwill, gross

$ 2,554

$ 2,533

Accumulated impairment losses

^[1]

(391)

Goodwill, net

2,163

2,142

Goodwill acquired

^[2]

Effect of currency translation adjustment

KFC [Member]

Goodwill [Line Items]

Goodwill, gross

2,060

2,040

Goodwill, net

2,060

2,040

Goodwill acquired

^[2]

Effect of currency translation adjustment

Pizza Hut [Member]

Goodwill [Line Items]

Goodwill, gross

Goodwill, net

Goodwill acquired

^[2]

All Other Segments [Member]

Goodwill [Line Items]

Goodwill, gross

473

Accumulated impairment losses

^[1]

(391)

Goodwill, net

$ 82

[1]	Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia.
[2]	Goodwill acquired resulted from the acquisition of restaurants from our existing franchisees. The acquisition is considered immaterial.

Segment Reporting

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Reporting

Note 14 –Segment Reporting

We have two reportable segments: KFC and Pizza Hut. Our remaining non-reportable operating segments, including the operations of Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, East Dawning, Daojia and our e-commerce business, are combined and referred to as All Other Segments, as these operating segments are insignificant both individually and in aggregate.


	Quarter Ended 3/31/2022
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated(a)		Combined		Elimination			Consolidated
Revenue from external customers	$	2,017	$	547	$	41	$	63	$	2,668	$	—		$	2,668
Inter-segment revenue		—		—		122		4		126		(126	)		—
Total	$	2,017	$	547	$	163	$	67	$	2,794	$	(126	)	$	2,668


	Quarter Ended 3/31/2021
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated(a)		Combined		Elimination			Consolidated
Revenue from external customers	$	1,832	$	541	$	53	$	131	$	2,557	$	—		$	2,557
Inter-segment revenue		—		—		25		—		25		(25	)		—
Total	$	1,832	$	541	$	78	$	131	$	2,582	$	(25	)	$	2,557


	Quarter Ended
Operating Profit (Loss)	3/31/2022			3/31/2021
KFC(b)	$	220		$	327
Pizza Hut		30			60
All Other Segments		(17	)		(3	)
Unallocated revenues from transactions with franchisees and unconsolidated affiliates(c)		57			129
Unallocated Other revenues		10			2
Unallocated expenses from transactions with franchisees and unconsolidated affiliates(c)		(57	)		(129	)
Unallocated Other operating costs and expenses		(9	)		(3	)
Unallocated and corporate G&A expenses		(44	)		(41	)
Unallocated Other income, net		1			—
Operating Profit	$	191		$	342
Interest income, net(a)		12			15
Investment loss(a)		(37	)		(12	)
Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments	$	166		$	345


	Quarter Ended
Impairment Charges	3/31/2022		3/31/2021
KFC(d)	$	5	$	2
Pizza Hut(d)		1		1
All Other Segments(d)		2		—
	$	8	$	3


	Total Assets
	3/31/2022		12/31/2021
KFC	$	5,976	$	6,072
Pizza Hut		944		972
All Other Segments		454		454
Corporate and Unallocated(e)		5,265		5,725
	$	12,639	$	13,223

(a)

Amounts have not been allocated to any segment for performance reporting purposes.

(b)

(c)

(d)

Primarily includes store closure impairment charges.

(e)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Revenue Recognition

3 Months Ended

Mar. 31, 2022

Revenue From Contract With Customer [Abstract]

Revenue Recognition

Note 4 – Revenue Recognition

The Company’s revenues primarily include Company sales, Franchise fees and income and Revenues from transactions with franchisees and unconsolidated affiliates.

Company Sales

Revenues from Company-owned restaurants are recognized when a customer takes possession of the food and tenders payment, which is when our obligation to perform is satisfied. The Company presents sales net of sales-related taxes. We also offer our customers delivery through both our own mobile applications and third-party aggregators’ platforms. For delivery orders placed through our mobile applications, we use our dedicated riders, while for orders placed through third-party aggregators’ platforms, we either used our dedicated riders or third-party aggregators’ delivery staff in the past. With respect to delivery orders delivered by our dedicated riders, we control and determine the price for the delivery service and generally recognize revenue, including delivery fees, when a customer takes possession of the food. When orders are fulfilled by the delivery staff of third-party aggregators, who control and determine the price for the delivery service, we recognize revenue, excluding delivery fees, when control of the food is transferred to the third-party aggregators’ delivery staff. The payment terms with respect to these sales are short-term in nature. Starting in 2019, we use our own dedicated riders to deliver orders placed through aggregators’ platforms to customers of KFC and Pizza Hut stores.

We recognize revenues from prepaid stored-value products, including gift cards and product vouchers, when they are redeemed by the customer. Prepaid gift cards sold at any given point generally expire over the next 36 months, and product vouchers generally expire over a period of up to 12 months. We recognize breakage revenue, which is the amount of prepaid stored-value products that is not expected to be redeemed, either (1) proportionally in earnings as redemptions occur, in situations where the Company expects to be entitled to a breakage amount, or (2) when the likelihood of redemption is remote, in situations where the Company does not expect to be entitled to breakage, provided that there is no requirement for remitting balances to government agencies under unclaimed property laws. The Company reviews its breakage estimates at least annually based upon the latest available information regarding redemption and expiration patterns.

Our privilege membership programs offer privilege members rights to multiple benefits, such as free delivery and discounts on certain products. For certain KFC and Pizza Hut privilege membership programs offering a pre-defined amount of benefits that can be redeemed ratably over the membership period, revenue is ratably recognized over the period based on the elapse of time. With respect to the KFC and Pizza Hut family privilege membership program offering members a mix of distinct benefits, including a welcome gift and assorted discount coupons with pre-defined quantities, consideration collected is allocated to the benefits provided based on their relative standalone selling price and revenue is recognized when food or services are delivered or the benefits expire. In determining the relative standalone selling price of the benefits, the Company considers likelihood of future redemption based on historical redemption pattern and reviews such estimates periodically based upon the latest available information regarding redemption and expiration patterns.

Franchise Fees and Income

Franchise fees and income primarily include upfront franchise fees, such as initial fees and renewal fees, and continuing fees. We have determined that the services we provide in exchange for upfront franchise fees and continuing fees are highly interrelated with the franchise right. We recognize upfront franchise fees received from a franchisee as revenue over the term of the franchise agreement or the renewal agreement because the franchise rights are accounted for as rights to access our symbolic intellectual property. The franchise agreement term is generally 10 years for KFC and Pizza Hut, five or 10 years for Little Sheep and three or 10 years for Huang Ji Huang. We recognize continuing fees, which are based upon a percentage of franchisee sales, as those sales occur.

Revenues from Transactions with Franchisees and Unconsolidated Affiliates

Revenues from transactions with franchisees and unconsolidated affiliates consist primarily of sales of food and paper products, advertising services and other services provided to franchisees and unconsolidated affiliates that operate our concepts.

The Company centrally purchases substantially all food and paper products from suppliers for substantially all of our restaurants, including franchisees and unconsolidated affiliates that operate our concepts, and then sells and delivers them to the restaurants. In addition, the Company owns seasoning facilities for its Chinese dining business unit, which manufacture and sell seasoning products to Huang Ji Huang and Little Sheep franchisees. The performance obligation arising from such transactions is considered distinct from the franchise agreement as it is not highly dependent on the franchise agreement and the customer can benefit from the procurement service on its own. We consider ourselves the principal in this arrangement as we have the ability to control a promised good or service before transferring that good or service to the franchisees and unconsolidated affiliates that operate our concepts. Revenue is recognized upon transfer of control over ordered items, generally upon delivery to the franchisees and unconsolidated affiliates.

For advertising services, the Company often engages third parties to provide services and acts as a principal in the transaction based on our responsibilities of defining the nature of the services and administering and directing all marketing and advertising programs in accordance with the provisions of our franchise agreements. The Company collects advertising contributions, which are generally based on certain percentage of sales from substantially all of our restaurants, including franchisees and unconsolidated affiliates. Other services provided to franchisees and unconsolidated affiliates consist primarily of customer and technology support services. Advertising services and other services provided are highly interrelated to franchise right, and are not considered individually distinct. We recognize revenue when the related sales occur.

Loyalty Programs

Each of the Company’s KFC and Pizza Hut reportable segments operates a loyalty program that allows registered members to earn points for each qualifying purchase. Points, which generally expire 18 months after being earned, may be redeemed for future purchases of KFC or Pizza Hut branded products or other products for free or at a discounted price. Points cannot be redeemed or exchanged for cash. The estimated value of points earned by the loyalty program members is recorded as a reduction of revenue at the time the points are earned, based on the percentage of points that are projected to be redeemed, with a corresponding deferred revenue liability included in Accounts payable and other current liabilities on the Condensed Consolidated Balance Sheets and subsequently recognized into revenue when the points are redeemed or expire. The Company estimates the value of the future redemption obligations based on the estimated value of the product for which points are expected to be redeemed and historical redemption patterns and reviews such estimates periodically based upon the latest available information regarding redemption and expiration patterns.

Disaggregation of Revenue

The following table presents revenue disaggregated by types of arrangements and segments:


	Quarter Ended 3/31/2022
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,991	$	542	$	15	$	—	$	2,548	$	—		$	2,548
Franchise fees and income		16		2		6		—		24		—			24
Revenues from transactions with franchisees and unconsolidated affiliates		8		1		11		57		77		—			77
Other revenues		2		2		131		10		145		(126	)		19
Total revenues	$	2,017	$	547	$	163	$	67	$	2,794	$	(126	)	$	2,668


	Quarter Ended 3/31/2021
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,783	$	538	$	10	$	—	$	2,331	$	—		$	2,331
Franchise fees and income		33		2		7		—		42		—			42
Revenues from transactions with franchisees and unconsolidated affiliates		15		1		26		129		171		—			171
Other revenues		1		—		35		2		38		(25	)		13
Total revenues	$	1,832	$	541	$	78	$	131	$	2,582	$	(25	)	$	2,557

Accounts Receivable

Accounts receivable primarily consist of trade receivables and royalties from franchisees, and are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts receivable on the Condensed Consolidated Balance Sheets. Our provision of credit losses for accounts receivable is based upon the current expected credit losses (“CECL”) model. The CECL model requires an estimate of the credit losses expected over the life of accounts receivable since initial recognition, and accounts receivable with similar risk characteristics are grouped together when estimating CECL. In assessing the CECL, the Company considers both quantitative and qualitative information that is reasonable and supportable, including historical credit loss experience, adjusted for relevant factors impacting collectability and forward-looking information indicative of external market conditions. While we use the best information available in making our determination, the ultimate recovery of recorded receivables is also dependent upon future economic events and other conditions that may be beyond our control. Accounts receivable that are ultimately deemed to be uncollectible, and for which collection efforts have been exhausted, are written off against the allowance for doubtful accounts. As of March 31, 2022 and December 31, 2021, the ending balances of provision for accounts receivable were both $1 million and amounts of accounts receivable past due were immaterial. Accounts receivable due from unconsolidated affiliates were both insignificant as of March 31, 2022 and December 31, 2021.

Costs to Obtain Contracts

Costs to obtain contracts consist of upfront franchise fees that we paid to YUM prior to the separation in relation to initial fees or renewal fees we received from franchisees and unconsolidated affiliates that operate our concepts, as well as license fees that are payable to YUM in relation to our deferred revenue of prepaid stored-value products, privilege membership programs and customer loyalty programs. They meet the requirements to be capitalized as they are incremental costs of obtaining contracts with customers and the Company expects to generate future economic benefits from such costs incurred. Such costs to obtain contracts are included in Other assets on the Condensed Consolidated Balance Sheets and are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the assets relate. Subsequent to the separation, we are no longer required to pay YUM initial or renewal fees that we receive from franchisees and unconsolidated affiliates. The Company did not incur any impairment losses related to costs to obtain contracts during any of the periods presented. Costs to obtain contracts were $6 million and $7 million at March 31, 2022 and December 31, 2021, respectively.

Contract Liabilities

Contract liabilities at March 31, 2022 and December 31, 2021 were as follows:


Contract liabilities	3/31/2022		12/31/2021
– Deferred revenue related to prepaid stored-value products	$	128	$	134
– Deferred revenue related to upfront franchise fees		31		30
– Deferred revenue related to customer loyalty programs		26		25
– Deferred revenue related to privilege membership programs		16		18
– Others		—		1
Total	$	201	$	208

Contract liabilities primarily consist of deferred revenue related to prepaid stored-value products, privilege membership programs, customer loyalty programs and upfront franchise fees. Deferred revenue related to prepaid stored-value products, privilege membership programs and customer loyalty programs is included in Accounts payable and other current liabilities in the Condensed Consolidated Balance Sheets. Deferred revenue related to upfront franchise fees that we expect to recognize as revenue in the next 12 months is included in Accounts payable and other current liabilities, and the remaining balance is included in Other liabilities in the Condensed Consolidated Balance Sheets. Revenue recognized that was included in the contract liability balance at the beginning of each period amounted to $62 million and $71 million for the quarters ended March 31, 2022 and 2021, respectively. Changes in contract liability balances were not materially impacted by business acquisition, change in estimate of transaction price or any other factors during any of the periods presented.

The Company has elected, as a practical expedient, not to disclose the value of remaining performance obligations associated with sales-based royalty promised to franchisees in exchange for the franchise right and other related services. The remaining duration of the performance obligation is the remaining contractual term of each franchise agreement. We recognize continuing franchisee fees and revenues from advertising services and other services provided to franchisees and unconsolidated affiliates that operate our concepts based on a certain percentage of sales, as those sales occur.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Revenue Recognition - Schedule of Disaggregation of Revenue by Types of Arrangements and Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Total revenues	$ 2,668	$ 2,557
KFC [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	2,017
Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	547
All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	163
Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	67	131
Combined [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	2,794	2,582
Elimination [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	(126)	(25)
Elimination [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	122	25
Operating Segments [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	2,017	1,832
Operating Segments [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	547	541
Operating Segments [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	163	78
Company Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenues	2,548	2,331
Company Sales [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues	1,991	1,783
Company Sales [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues	542	538
Company Sales [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues	15	10
Company Sales [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues	2,548	2,331
Franchise [Member]
Disaggregation Of Revenue [Line Items]
Revenues	24	42
Franchise [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues	16	33
Franchise [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues	2	2
Franchise [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues	6	7
Franchise [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues	24	42
Transactions With Franchisees and Unconsolidated Affiliates [Member]
Disaggregation Of Revenue [Line Items]
Revenues	77	171
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues	8	15
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues	1	1
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues	11	26
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Revenues	57	129
Transactions With Franchisees and Unconsolidated Affiliates [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues	77	171
Other Revenues [Member]
Disaggregation Of Revenue [Line Items]
Revenues	19	13
Other Revenues [Member] \| KFC [Member]
Disaggregation Of Revenue [Line Items]
Revenues	2	1
Other Revenues [Member] \| Pizza Hut [Member]
Disaggregation Of Revenue [Line Items]
Revenues	2
Other Revenues [Member] \| All Other Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenues	131	35
Other Revenues [Member] \| Corporate and Unallocated [Member]
Disaggregation Of Revenue [Line Items]
Revenues	10	2
Other Revenues [Member] \| Combined [Member]
Disaggregation Of Revenue [Line Items]
Revenues	145	38
Other Revenues [Member] \| Elimination [Member]
Disaggregation Of Revenue [Line Items]
Revenues	$ (126)	$ (25)

Equity

3 Months Ended

Mar. 31, 2022

Stockholders Equity Note [Abstract]

Equity

Note 6 – Equity

Changes in Equity and Redeemable Noncontrolling Interest (in millions)


	Yum China Holdings, Inc.
											Accumulated
	Common				Additional						Other															Redeemable
	Stock				Paid-in			Retained			Comprehensive			Treasury Stock						Noncontrolling			Total			Noncontrolling
	Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Interests			Equity			Interest
Balance at December 31, 2021		449	$	4	$	4,695		$	2,892		$	268			(21	)	$	(803	)	$	852		$	7,908		$	14
Net Income									100												10			110			—
Foreign currency translation adjustments												11									2			13			—
Comprehensive income																								123			—
Cash dividends declared ($0.12 per common share)									(51	)														(51	)
Dividends declared																					(81	)		(81	)
Contribution from noncontrolling interests																					18			18
Repurchase of shares of common stock															(5	)		(232	)					(232	)
Exercise and vesting of share- based awards		—		—		(2	)																	(2	)
Share-based compensation						11																		11
Balance at March 31, 2022		449	$	4	$	4,704		$	2,941		$	279			(26	)	$	(1,035	)	$	801		$	7,694		$	14

Balance at December 31, 2020		440	$	4	$	4,658		$	2,105		$	167			(20	)	$	(728	)	$	253		$	6,459		$	12
Net Income									230												13			243			—
Foreign currency translation adjustments												(17	)								(1	)		(18	)		—
Comprehensive income																								225			—
Cash dividends declared ($0.12 per common share)									(50	)														(50	)
Dividends declared																					(39	)		(39	)
Exercise and vesting of share- based awards		—		—		(4	)																	(4	)
Share-based compensation						10																		10
Balance at March 31, 2021		440	$	4	$	4,664		$	2,285		$	150			(20	)	$	(728	)	$	226		$	6,601		$	12

Share Repurchase Program

Our Board of Directors has authorized an aggregate of $2.4 billion for our share repurchase program, including its most recent increase in authorization in March 2022. The Company repurchased 5 million shares of Yum China common stock at a total cost of $232 million during the quarter ended March 31, 2022, and no shares of Yum China common stock were repurchased for the quarter ended March 31, 2021. The total repurchase cost included $8 million settled subsequent to March 31, 2022, for shares repurchased with trade dates on and prior to March 31, 2022. As of March 31, 2022, $1,385 million remained available for future share repurchases under the authorization.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$ 155

$ 144

Operating cash flows from finance leases

Financing cash flows from finance leases

Right-of-use assets obtained in exchange for new lease liabilities

Operating leases

^[1]

$ 78

Finance leases

^[1]

$ 3

[1]	This supplemental non-cash disclosure for right-of-use (“ROU”) assets obtained in exchange for new lease liabilities also includes non-cash transactions resulting in adjustments to the lease liability or ROU asset due to modification or other reassessment events.

Items Affecting Comparability of Net Income - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating profit	$ 191	$ 342
Fujian Sunner Development Co., Ltd. [Member]
Percentage of equity interest acquired		5.00%
Pre-tax loss from disposal of equity security		$ (17)
Meituan Dianping [Member]
Pre-tax loss from disposal of equity security	(38)	1
Pre-tax gain from disposal of equity security	$ (38)	$ 1

Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Recently Adopted Accounting Pronouncements

In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40) (“ASU 2020-06”), which eliminates two of the three models in ASC 470-20 that require separate accounting for embedded conversion features and eliminates some of the conditions for equity classification in ASC 815-40 for contracts in an entity’s own equity. The guidance also requires entities to use the if-converted method for all convertible instruments in the diluted earnings per share calculation and generally requires them to include the effect of share settlement for instruments that may be settled in cash or shares. We adopted this standard on January 1, 2022, and such adoption did not have a material impact on our financial statements.

In May 2021, the FASB issued ASU 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (“ASU 2021-04”). It requires issuers to account for a modification or exchange of freestanding equity-classified written call options that remain equity-classified after the modification or exchange based on the economic substance of the modification or exchange. We adopted this standard on January 1, 2022, and such adoption did not have a material impact on our financial statements.

In July 2021, the FASB issued ASU 2021-05, Lessors — Certain Leases with Variable Lease (“ASU 2021-05”). It requires lessors to classify leases as operating leases if they have variable lease payments that do not depend on an index or rate and would have selling losses if they were classified as sales-type or direct financing leases. We adopted this standard on January 1, 2022, and such adoption did not have a material impact on our financial statements.

Revenue Recognition

Company Sales

Franchise Fees and Income

Revenues from Transactions with Franchisees and Unconsolidated Affiliates

Loyalty Programs

Disaggregation of Revenue

The following table presents revenue disaggregated by types of arrangements and segments:


	Quarter Ended 3/31/2022
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,991	$	542	$	15	$	—	$	2,548	$	—		$	2,548
Franchise fees and income		16		2		6		—		24		—			24
Revenues from transactions with franchisees and unconsolidated affiliates		8		1		11		57		77		—			77
Other revenues		2		2		131		10		145		(126	)		19
Total revenues	$	2,017	$	547	$	163	$	67	$	2,794	$	(126	)	$	2,668


	Quarter Ended 3/31/2021
Revenues	KFC		Pizza Hut		All Other Segments		Corporate and Unallocated		Combined		Elimination			Consolidated
Company sales	$	1,783	$	538	$	10	$	—	$	2,331	$	—		$	2,331
Franchise fees and income		33		2		7		—		42		—			42
Revenues from transactions with franchisees and unconsolidated affiliates		15		1		26		129		171		—			171
Other revenues		1		—		35		2		38		(25	)		13
Total revenues	$	1,832	$	541	$	78	$	131	$	2,582	$	(25	)	$	2,557

Accounts Receivable

Costs to Obtain Contracts

Fair Value Measurements and Disclosures

Non-Recurring Fair Value Measurements

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

+ Details

Description of Business

3 Months Ended

Mar. 31, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Description of Business

Note 1 – Description of Business

Yum China Holdings, Inc. (“Yum China” and, together with its subsidiaries, the “Company,” “we,” “us” and “our”) was incorporated in Delaware on April 1, 2016.

The Company owns, franchises or has ownership in entities that own and operate restaurants (also referred to as “stores” or “units”) under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY and Taco Bell concepts (collectively, the “concepts”). In connection with the separation of the Company in 2016 from its former parent company, YUM! Brands, Inc. (“YUM”), a master license agreement was entered into between Yum Restaurants Consulting (Shanghai) Company Limited (“YCCL”), a wholly-owned indirect subsidiary of the Company, and YUM, through YRI China Franchising LLC, a subsidiary of YUM, effective from January 1, 2020 and previously through Yum! Restaurants Asia Pte. Ltd., another subsidiary of YUM, from October 31, 2016 to December 31, 2019. Pursuant to the master license agreement, we are the exclusive licensee of KFC, Pizza Hut and, subject to achieving certain agreed-upon milestones as amended in April 2022, Taco Bell brands and their related marks and other intellectual property rights for restaurant services in the People’s Republic of China (the “PRC” or “China”), excluding Hong Kong, Macau and Taiwan. The term of the license is 50 years from October 31, 2016 for the KFC and Pizza Hut brands and, subject to achieving certain agreed-upon milestones, 50 years from April 15, 2022 for the Taco Bell brand, with automatic renewals for additional consecutive renewal terms of 50 years each, subject only to YCCL being in “good standing” and unless YCCL gives notice of its intent not to renew. In exchange, we pay a license fee to YUM equal to 3% of net system sales from both our Company and franchise restaurants. We own the intellectual property of Little Sheep, Huang Ji Huang and COFFii & JOY, and pay no license fee related to these concepts.

In the second quarter of 2020, the Company partnered with Luigi Lavazza S.p.A. (“Lavazza Group”), the world renowned family-owned Italian coffee company, and entered into a joint venture to explore and develop the Lavazza coffee shop concept in China. In September 2021, the Company and Lavazza Group entered into agreements for the previously formed joint venture (“Lavazza joint venture”) to accelerate the expansion of Lavazza coffee shops in China. Upon execution of these agreements, the Company controls and consolidates the joint venture with its 65% equity interest. The acquisition was considered immaterial.

During the fourth quarter of 2021, the Company completed its investment of a 28% equity interest in Hangzhou Catering Service Group (“Hangzhou Catering”), for cash consideration of $255 million. Upon closing, the Company directly and indirectly holds an approximately 60% equity interest in the Hangzhou KFC joint venture that operates KFC stores in and around Hangzhou, China (“Hangzhou KFC”), allowing the Company to consolidate Hangzhou KFC. The acquisition was considered immaterial.

As part of our strategy to drive growth from off-premise occasions, we have also developed our own retail brand operations, SoulFun, since 2018, which sells ready meals such as steak, fried rice and pasta through online and offline channels. The operating results of SoulFun are included in our e-commerce business operating segment.

The Company has two reportable segments: KFC and Pizza Hut. Our remaining operating segments, including the operations of Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, East Dawning, Daojia and our e-commerce business, are combined and referred to as All Other Segments, as those operating segments are insignificant both individually and in the aggregate. East Dawning was severely impacted by the COVID-19 pandemic. As a result, the Company decided to wind down the operations of the brand in 2021. In the first quarter of 2022, the Company closed all five remaining East Dawning units in China. Additional details on our reportable operating segments are included in Note 14.

The Company’s common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “YUMC”. On September 10, 2020, the Company completed a secondary listing of its common stock on the Main Board of the Hong Kong Stock Exchange (“HKEX”) under the stock code “9987”, in connection with a global offering of 41,910,700 shares of its common stock. Net proceeds raised by the Company from the global offering after deducting underwriting fees and the offering expenses amounted to $2.2 billion.

Other Expenses (Income), Net

3 Months Ended

Mar. 31, 2022

Other Income And Expenses [Abstract]

Other Expenses (Income), Net

Note 8 – Other Expenses (Income), net


	Quarter Ended
	3/31/2022			3/31/2021
Equity income from investments in unconsolidated affiliates(a)	$	—		$	(17	)
Amortization of reacquired franchise rights(b)		26			9
Foreign exchange impact and others		(1	)		2
Other expenses (income), net	$	25		$	(6	)

(a)

Includes equity income from our investments in Hangzhou KFC and the Lavazza joint venture before we consolidated the results of these entities upon completion of the acquisitions in 2021. (See Note 3 for additional information).

(b)

Increase in amortization of reacquired franchise rights resulted from the acquisition of Hangzhou KFC as disclosed in Note 3, with $66 million of the purchase price allocated to intangible assets related to reacquired franchise right, which is being amortized over the remaining franchise contract period of 1 year.

Supplemental Balance Sheet Information (Details) - USD ($)
$ in Millions

Mar. 31, 2022

Dec. 31, 2021

Accounts Receivable, net

Accounts receivable, gross

$ 71

$ 68

Allowance for doubtful accounts

(1)

Accounts receivable, net

Prepaid Expenses and Other Current Assets

Receivables from payment processors and aggregators

Other prepaid expenses and current assets

154

176

Prepaid expenses and other current assets

182

221

Other Assets

VAT assets

324

322

Land use right

137

138

Long-term deposits

101

Investment in long-term time deposits

^[1]

Investment in equity securities

122

Costs to obtain contracts

Others

Other Assets

781

832

Accounts Payable and Other Current Liabilities

Accounts payable

592

830

Operating lease liabilities

497

508

Accrued compensation and benefits

217

283

Accrued capital expenditures

182

269

Contract liabilities

174

182

Dividends payable

117

Accrued marketing expenses

Other current liabilities

143

151

Accounts payable and other current liabilities

2,008

2,332

Other Liabilities

Accrued income tax payable

Contract liabilities

Other non-current liabilities

Other liabilities

$ 173

$ 167

[1]

Goodwill and Intangible Assets (Details 1) - USD ($)
$ in Millions

Mar. 31, 2022

Dec. 31, 2021

Finite-lived intangible assets

Gross Carrying Amount

$ 361

^[1]

$ 356

Accumulated Amortization

(237)

(211)

Accumulated impairment losses

^[2]

(14)

Net Carrying Amount

110

131

Indefinite-lived intangible assets

Net Carrying Amount

141

Total intangible assets

Gross Carrying Amount

502

^[1]

497

Intangible assets, net

251

272

Reacquired franchise rights [Member]

Finite-lived intangible assets

Gross Carrying Amount

300

^[1]

295

Accumulated Amortization

(217)

(191)

Net Carrying Amount

104

Daojia platform [Member]

Finite-lived intangible assets

Gross Carrying Amount

^[1]

Accumulated Amortization

(4)

Accumulated impairment losses

^[2]

(12)

Customer-related assets [Member]

Finite-lived intangible assets

Gross Carrying Amount

^[1]

Accumulated Amortization

(9)

Accumulated impairment losses

^[2]

(2)

Net Carrying Amount

Others [Member]

Finite-lived intangible assets

Gross Carrying Amount

^[1]

Accumulated Amortization

(5)

Net Carrying Amount

Huang Ji Huang Group [Member]

Finite-lived intangible assets

Gross Carrying Amount

^[1]

Accumulated Amortization

Net Carrying Amount

Trademark [Member] | Little Sheep [Member]

Indefinite-lived intangible assets

Net Carrying Amount

Trademark [Member] | Huang Ji Huang Group [Member]

Indefinite-lived intangible assets

Net Carrying Amount

$ 84

[1]	Changes in gross carrying amount include effect of currency translation adjustments.
[2]	Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform.

Contingencies - Narrative (Details) - USD ($)	1 Months Ended
Contingencies - Narrative (Details) - USD ($)	Feb. 28, 2015	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Income tax rate on gains derived from indirect transfer of assets	10.00%
Percentage of tax assessed on difference between fair market value and tax basis	10.00%
Guarantees outstanding of unconsolidated affiliates		$ 0

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 10 – Goodwill and Intangible Assets

The changes in the carrying amount of goodwill are as follows:


	Total Company			KFC		Pizza Hut		All Other Segments
Balance as of December 31, 2021
Goodwill, gross	$	2,533		$	2,040	$	20	$	473
Accumulated impairment losses (a)		(391	)		—		—		(391	)
Goodwill, net		2,142			2,040		20		82
Goodwill acquired(b)		16			15		1		—
Effect of currency translation adjustment		5			5		—		—
Balance as of March 31, 2022
Goodwill, gross		2,554			2,060		21		473
Accumulated impairment losses (a)		(391	)		—		—		(391	)
Goodwill, net	$	2,163		$	2,060	$	21	$	82

(a)

Accumulated impairment losses represent goodwill impairment attributable to the reporting units of Little Sheep and Daojia.

(b)

Goodwill acquired resulted from the acquisition of restaurants from our existing franchisees. The acquisition is considered immaterial.

Intangible assets, net as of March 31, 2022 and December 31, 2021 are as follows:


	3/31/2022										12/31/2021
	Gross Carrying Amount(a)		Accumulated Amortization			Accumulated Impairment Losses(b)			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment Losses(b)			Net Carrying Amount
Finite-lived intangible assets
Reacquired franchise rights	$	300	$	(217	)	$	—		$	83	$	295	$	(191	)	$	—		$	104
Huang Ji Huang franchise related assets		23		(2	)		—			21		23		(2	)		—			21
Daojia platform		16		(4	)		(12	)		—		16		(4	)		(12	)		—
Customer-related assets		12		(9	)		(2	)		1		12		(9	)		(2	)		1
Others		10		(5	)		—			5		10		(5	)		—			5
	$	361	$	(237	)	$	(14	)	$	110	$	356	$	(211	)	$	(14	)	$	131
Indefinite-lived intangible assets
Little Sheep trademark	$	57	$	—		$	—		$	57	$	57	$	—		$	—		$	57
Huang Ji Huang trademark		84		—			—			84		84		—			—			84
	$	141	$	—		$	—		$	141	$	141	$	—		$	—		$	141

Total intangible assets	$	502	$	(237	)	$	(14	)	$	251	$	497	$	(211	)	$	(14	)	$	272

(a)

Changes in gross carrying amount include effect of currency translation adjustments.

(b)

Accumulated impairment losses represent impairment charges on intangible assets acquired from Daojia primarily attributable to the Daojia platform.

Amortization expense of finite-lived intangible assets was $26 million and $10 million for the quarters ended March 31, 2022 and 2021, respectively. As of March 31, 2022, expected amortization expense for the unamortized finite-lived intangible assets is approximately $78 million for the remainder of 2022, $4 million in 2023, and $2 million in each of 2024, 2025 and 2026. Increase in amortization expenses for finite-lived intangible assets in 2022 primarily relates to reacquired franchise rights resulting from the acquisition of Hangzhou KFC (Note 3).

Segment Reporting (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Dec. 31, 2021

Segment Reporting Information [Line Items]

Revenues

$ 2,668

$ 2,557

Operating Profit

191

342

Unallocated Other income, net

Interest income, net

^[1]

Investment loss

^[1]

(37)

(12)

Income Before Income Taxes and Equity in Net Earnings (Losses) from Equity Method Investments

166

345

Impairment Charges

Total Assets

12,639

$ 13,223

KFC [Member]

Segment Reporting Information [Line Items]

Revenues

2,017

Impairment Charges

^[2]

Pizza Hut [Member]

Segment Reporting Information [Line Items]

Revenues

547

Impairment Charges

^[2]

All Other Segments [Member]

Segment Reporting Information [Line Items]

Revenues

163

Impairment Charges

^[2]

Combined Elimination [Member]

Segment Reporting Information [Line Items]

Revenues

126

Revenue From External Customers [Member]

Segment Reporting Information [Line Items]

Revenues

2,557

Revenue From External Customers [Member] | KFC [Member]

Segment Reporting Information [Line Items]

Revenues

2,017

1,832

Revenue From External Customers [Member] | Pizza Hut [Member]

Segment Reporting Information [Line Items]

Revenues

547

541

Revenue From External Customers [Member] | All Other Segments [Member]

Segment Reporting Information [Line Items]

Revenues

Corporate and Unallocated [Member]

Segment Reporting Information [Line Items]

Revenues

131

Unallocated revenues from transactions with franchisees and unconsolidated affiliates

^[3]

129

Unallocated Other revenues

Unallocated expenses from transactions with franchisees and unconsolidated affiliates

^[3]

(57)

(129)

Unallocated Other operating costs and expenses

(9)

(3)

Unallocated and corporate G&A expenses

(44)

(41)

Total Assets

^[4]

5,265

5,725

Corporate and Unallocated [Member] | Revenue From External Customers [Member]

Segment Reporting Information [Line Items]

Revenues

131

Operating Segments [Member] | KFC [Member]

Segment Reporting Information [Line Items]

Revenues

2,017

1,832

Operating Profit

^[5]

220

327

Impairment Charges

^[2]

Total Assets

5,976

6,072

Operating Segments [Member] | Pizza Hut [Member]

Segment Reporting Information [Line Items]

Revenues

547

541

Operating Profit

Impairment Charges

^[2]

Total Assets

944

972

Operating Segments [Member] | All Other Segments [Member]

Segment Reporting Information [Line Items]

Revenues

163

Operating Profit

(17)

Total Assets

454

$ 454

Operating Segments [Member] | Revenue From External Customers [Member]

Segment Reporting Information [Line Items]

Revenues

2,557

Elimination [Member]

Segment Reporting Information [Line Items]

Revenues

(126)

(25)

Elimination [Member] | All Other Segments [Member]

Segment Reporting Information [Line Items]

Revenues

122

Elimination [Member] | Corporate And Unallocated

Segment Reporting Information [Line Items]

Revenues

Combined [Member]

Segment Reporting Information [Line Items]

Revenues

2,794

$ 2,582

Combined [Member] | Revenue From External Customers [Member]

Segment Reporting Information [Line Items]

Revenues

$ 2,668

[1]	Amounts have not been allocated to any segment for performance reporting purposes.
[2]	Primarily includes store closure impairment charges.
[3]	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 that operate our concepts. 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.
[4]	Primarily includes cash and cash equivalents, short-term investments, investments in equity securities of Meituan, investments in Sunner and Hangzhou Catering, long-term time deposits and inventories that are centrally managed.
[5]	Includes equity income from our investment in Hangzhou KFC of $19 million for the quarter ended March 31, 2021 before we consolidated the results of the entity upon completion of the acquisition. See Note 3 for details.

Earnings Per Common Share ("EPS")

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earning Per Common Share (EPS)

Note 5 – Earnings Per Common Share (“EPS”)

The following table summarizes the components of basic and diluted EPS (in millions, except per share data):


	Quarter Ended
	3/31/2022		3/31/2021
Net Income – Yum China Holdings, Inc.	$	100	$	230
Weighted-average common shares outstanding (for basic calculation)(a)		426		420
Effect of dilutive share-based awards(a)		4		6
Effect of dilutive warrants(b)		—		8
Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)(a)		430		434
Basic Earnings Per Common Share	$	0.23	$	0.55
Diluted Earnings Per Common Share	$	0.23	$	0.53
Share-based awards excluded from the diluted EPS computation(c)		3		2

(a)

(b)

(c)

Other Expenses (Income), Net (Parenthetical) (Details) - Hangzhou KFC [Member] - Reacquired Franchise Rights [Member] $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Other Operating Income Expense Net [Line Items]
Purchase price allocated to intangible assets	$ 66
Remaining franchise contract period	1 year

Equity (Parenthetical) (Details) - $ / shares	3 Months Ended
Equity (Parenthetical) (Details) - $ / shares	Mar. 31, 2022	Mar. 31, 2021
Equity [Abstract]
Cash dividends declared, per common share	$ 0.12	$ 0.12

Business Acquisitions and Equity Investments (Tables)

3 Months Ended

Mar. 31, 2022

Meituan Dianping [Member]

Schedule Of Trading Securities And Other Trading Assets [Line Items]

Summary of Pre-tax Gains or Losses on Investment in Equity Securities

A summary of pre-tax gains or losses on investment in equity securities of Meituan recognized, which was included in Investment loss in our Condensed Consolidated Statements of Income, is as follows:


	Quarter Ended
	3/31/2022			3/31/2021
Unrealized (losses) gains recorded on equity securities still held as of the end of the period	$	(38	)	$	1
(Losses) gains recorded on equity securities	$	(38	)	$	1

Leases - Narrative (Details) $ in Millions	3 Months Ended
Leases - Narrative (Details) $ in Millions	Mar. 31, 2022 USD ($) Restaurant
Schedule Of Lease Assets And Liabilities [Line Items]
Number of restaurants operated \| Restaurant	10,300
Additional lease signed but not commenced with total undiscounted minimum lease payments \| $	$ 168
Maximum [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Lease agreements initial terms	20 years
Lease terms	20 years
Minimum [Member]
Schedule Of Lease Assets And Liabilities [Line Items]
Lease agreements initial terms	10 years
Lease terms	1 year

Segment Reporting (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Equity income from investments in unconsolidated affiliates	$ 0	$ 17
KFC [Member]
Segment Reporting Information [Line Items]
Equity income from investments in unconsolidated affiliates		$ 19

Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 13 – Income Taxes


	Quarter Ended
	3/31/2022			3/31/2021
Income tax provision	$	55		$	102
Effective tax rate		33.1	%		29.6	%

The higher effective tax rate for the quarter ended March 31, 2022 as compared to prior year was primarily due to higher impact of foreign withholding tax due to lower pre-tax income and less tax benefit from equity income from investments in unconsolidated affiliates.

In December 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Tax Act”), which included a broad range of tax reforms. The Tax Act requires a U.S. shareholder to be subject to tax on Global Intangible Low Taxed Income (“GILTI”) earned by certain foreign subsidiaries. We have elected the option to account for current year GILTI tax as a period cost as incurred, and therefore included it in estimating the annual effective tax rate.

We are subject to reviews, examinations and audits by Chinese tax authorities, the Internal Revenue Service and other tax authorities with respect to income and non-income based taxes. Since 2016, we have been under a national audit on transfer pricing by the Chinese State Taxation Administration (“STA”) in China regarding our related party transactions for the period from 2006 to 2015. The information and views currently exchanged with the tax authorities focus on our franchise arrangement with YUM. We continue to provide information requested by the tax authorities to the extent it is available to the Company. It is reasonably possible that there could be significant developments, including expert review and assessment by the STA, within the next 12 months. The ultimate assessment and decision of the STA will depend upon further review of the information provided, as well as ongoing technical and other discussions with the STA and in-charge local tax authorities, and therefore, it is not possible to reasonably estimate the potential impact at this time. We will continue to defend our transfer pricing position. However, if the STA prevails in the assessment of additional tax due based on its ruling, the assessed tax, interest and penalties, if any, could have a material adverse impact on our financial position, results of operations and cash flows.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Supplemental Balance Sheet Information (Tables)

3 Months Ended

Mar. 31, 2022

Balance Sheet Related Disclosures [Abstract]

Accounts Receivable, Net


Accounts Receivable, net	3/31/2022			12/31/2021
Accounts receivable, gross	$	71		$	68
Allowance for doubtful accounts		(1	)		(1	)
Accounts receivable, net	$	70		$	67

Prepaid Expenses and Other Current Assets


Prepaid Expenses and Other Current Assets	3/31/2022		12/31/2021
Receivables from payment processors and aggregators	$	28	$	45
Other prepaid expenses and current assets		154		176
Prepaid expenses and other current assets	$	182	$	221

Property, Plant and Equipment


Property, Plant and Equipment	3/31/2022			12/31/2021
Buildings and improvements	$	2,776		$	2,695
Finance leases, primarily buildings		55			52
Machinery and equipment, and construction in progress		1,864			1,878
Property, plant and equipment, gross		4,695			4,625
Accumulated depreciation		(2,464	)		(2,374	)
Property, plant and equipment, net	$	2,231		$	2,251

Accounts Payable and Other Current Liabilities


Other Assets	3/31/2022		12/31/2021
VAT assets	$	324	$	322
Land use right		137		138
Long-term deposits		101		101
Investment in long-term time deposits(a)		91		90
Investment in equity securities		84		122
Costs to obtain contracts		6		7
Others		38		52
Other Assets	$	781	$	832


Accounts Payable and Other Current Liabilities	3/31/2022		12/31/2021
Accounts payable	$	592	$	830
Operating lease liabilities		497		508
Accrued compensation and benefits		217		283
Accrued capital expenditures		182		269
Contract liabilities		174		182
Dividends payable		117		38
Accrued marketing expenses		86		71
Other current liabilities		143		151
Accounts payable and other current liabilities	$	2,008	$	2,332

(a)

Other Liabilities and Deferred Credits


Other Liabilities	3/31/2022		12/31/2021
Accrued income tax payable	$	61	$	56
Contract liabilities		27		26
Other non-current liabilities		85		85
Other liabilities	$	173	$	167

Revenue Recognition - Contract Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Contract liabilities
Contract liabilities	$ 201	$ 208
Deferred Revenue Related To Prepaid Stored Value Products [Member]
Contract liabilities
Contract liabilities	128	134
Deferred Revenue Related To Upfront Franchise Fees [Member]
Contract liabilities
Contract liabilities	31	30
Deferred Revenue Related To Customer Loyalty Programs [Member]
Contract liabilities
Contract liabilities	26	25
Deferred Revenue Related To Privilege Membership Programs [Member]
Contract liabilities
Contract liabilities	$ 16	18
Others [Member]
Contract liabilities
Contract liabilities		$ 1

Supplemental Balance Sheet Information (Details 1) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 4,695	$ 4,625
Accumulated depreciation	(2,464)	(2,374)
Property, plant and equipment, net	2,231	2,251
Buildings and Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,776	2,695
Finance Leases, Primarily Buildings [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	55	52
Machinery and Equipment, and Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 1,864	$ 1,878

Leases - Summary of Maturities of Lease Liabilities (Details)
$ in Millions

Mar. 31, 2022

USD ($)

Amount of Operating Leases

$ 484

548

480

406

345

1,015

Total undiscounted lease payment

3,278

Less: imputed interest

567

^[1]

Present value of lease liabilities

2,711

Amount of Finance Leases

Total undiscounted lease payment

Less: imputed interest

^[1]

Present value of lease liabilities

Amount of Operating And Finance Leases, Total

489

554

486

411

350

1,049

Total undiscounted lease payment

3,339

Less: imputed interest

583

^[1]

Present value of lease liabilities

$ 2,756

[1]

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-lived intangible assets
Finite-lived intangible assets, amortization expense	$ 26	$ 10
Expected amortization expense for the unamortized finite-lived intangible assets - remainder of 2022	78
Expected amortization expense for the unamortized finite-lived intangible assets - 2023	4
Expected amortization expense for the unamortized finite-lived intangible assets - 2024	2
Expected amortization expense for the unamortized finite-lived intangible assets - 2025	2
Expected amortization expense for the unamortized finite-lived intangible assets - 2026	$ 2

Business Acquisitions and Equity Investments

3 Months Ended

Mar. 31, 2022

Business Acquisitions And Equity Investments [Abstract]

Business Acquisitions and Equity Investments

Note 3 – Business Acquisitions and Equity Investments

Consolidation of Hangzhou KFC and Equity Investment in Hangzhou Catering

During the fourth quarter of 2021, the Company completed its investment of a 28% equity interest in Hangzhou Catering for cash consideration of $255 million. Hangzhou Catering holds a 45% equity interest in Hangzhou KFC, of which the Company previously held a 47% equity interest. Along with the investment, the Company also obtained two additional seats on the board of directors of Hangzhou KFC. Upon completion of the transaction, the Company directly and indirectly holds an approximately 60% equity interest in Hangzhou KFC and has majority representation on its board of directors, and thus obtained control over Hangzhou KFC and started to consolidate its results from the acquisition date.

As a result of the acquisition of Hangzhou KFC, $66 million of the purchase price was allocated to the reacquired franchise right, which is amortized over the remaining franchise contract period of 1 year.

In addition to its equity interest in Hangzhou KFC, Hangzhou Catering operates approximately 60 Chinese dining restaurants under four time-honored brands and a food processing business. The Company applies the equity method of accounting to the 28% equity interest in Hangzhou Catering excluding the Hangzhou KFC business and classified this investment in Investment in unconsolidated affiliates based on its then fair value. The Company elected to report its share of Hangzhou Catering’s financial results with a one-quarter lag because its results are not available in time for the Company to record them in the concurrent period. In the first quarter of 2022, the Company's equity losses from Hangzhou Catering, net of taxes, was immaterial, which was included in Equity in net earnings (losses) from equity method investments in our Condensed Consolidated Statement of Income. As of March 31, 2022, the carrying amount of the Company’s equity method investment in Hangzhou Catering was $52 million, exceeding the Company’s interest in Hangzhou Catering’s underlying net assets by $30 million. Substantially all of this difference was attributable to its self-owned properties and impact of related deferred tax liabilities determined upon acquisition, which is being depreciated over a weighted average remaining useful life of 20 years.

Fujian Sunner Development Co., Ltd. (“Sunner”) Investment

In the first quarter of 2021, the Company acquired a 5% equity interest in Sunner, a Shenzhen Stock Exchange-listed company, for total consideration of approximately $261 million. Sunner is China’s largest white-feathered chicken producer and the Company’s largest poultry supplier.

The Company accounted for the equity securities at fair value based on their closing market price on each measurement date, with unrealized loss of $17 million recorded in Investment loss in our Condensed Consolidated Statements of Income for the quarter ended March 31, 2021, representing subsequent fair value changes during the quarter.

In May 2021, a senior executive of the Company was nominated and appointed to Sunner’s board of directors upon Sunner’s shareholder approval. Through this representation, the Company participates in Sunner’s policy making process. The representation on Sunner's board, along with the Company being Sunner’s second largest shareholder, provides the Company with the ability to exercise significant influence over the operating and financial policies of Sunner. As a result, the Company started to apply the equity method of accounting to the investment and reclassified this investment from Other assets to Investment in unconsolidated affiliates in May 2021 based on its then fair value. The Company elected to report its share of Sunner’s financial results with a one-quarter lag because Sunner’s results are not available in time for the Company to record them in the concurrent period. In the first quarter of 2022, the Company's equity income from Sunner, net of taxes, was immaterial, which was included in Equity in net earnings (losses) from equity method investments in our Condensed Consolidated Statement of Income.

The Company purchased inventories of $92 million from Sunner for the quarter ended March 31, 2022, and the Company’s accounts payable and other current liabilities due to Sunner were $33 and $56 million as of March 31, 2022 and December 31, 2021, respectively.

As of March 31, 2022, the carrying amount of the Company’s investment in Sunner was $250 million, exceeding the Company’s interest in Sunner’s underlying net assets by $172 million. Of this basis difference, $20 million was related to finite-lived intangible assets determined upon acquisition, which are being amortized over estimated useful life of 20 years. The remaining differences were related to goodwill and indefinite-lived intangible assets, which are not subject to amortization, as well as deferred tax liabilities impact. As of March 31, 2022, the market value of the Company’s investment in Sunner was $195 million based on its quoted closing price.

Meituan Dianping (“Meituan”) Investment

In the third quarter of 2018, the Company subscribed for 8.4 million, or less than 1%, of the ordinary shares of Meituan, an e-commerce platform for services in China, for total consideration of approximately $74 million, when it launched its initial public offering on the HKEX in September 2018. In the second quarter of 2020, the Company sold 4.2 million of the ordinary shares of Meituan.

The Company accounts for the equity securities at fair value with subsequent fair value changes recorded in our Condensed Consolidated Statements of Income. The fair value of the investment in Meituan is determined based on the closing market price for the shares at the end of each reporting period. The fair value change, to the extent the closing market price of shares of Meituan as of the end of reporting period is higher than our cost, is subject to U.S. tax.

A summary of pre-tax gains or losses on investment in equity securities of Meituan recognized, which was included in Investment loss in our Condensed Consolidated Statements of Income, is as follows:


	Quarter Ended
	3/31/2022			3/31/2021
Unrealized (losses) gains recorded on equity securities still held as of the end of the period	$	(38	)	$	1
(Losses) gains recorded on equity securities	$	(38	)	$	1

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Cash Flows – Operating Activities

Net income - including noncontrolling interests

$ 110

$ 243

Depreciation and amortization

164

128

Non-cash operating lease cost

120

101

Closures and impairment expenses(income)

(2)

Investment loss

^[1]

Equity income from investments in unconsolidated affiliates

(17)

Distributions of income received from unconsolidated affiliates

Deferred income taxes

Share-based compensation expense

Changes in accounts receivable

(2)

(3)

Changes in inventories

Changes in prepaid expenses and other current assets

Changes in accounts payable and other current liabilities

(322)

(175)

Changes in income taxes payable

Changes in non-current operating lease liabilities

(106)

(104)

Other, net

(11)

Net Cash Provided by Operating Activities

171

331

Cash Flows – Investing Activities

Capital spending

(205)

(165)

Purchases of short-term investments

(1,041)

(1,180)

Maturities of short-term investments

1,281

1,258

Acquisition of business, net of cash acquired

(23)

Acquisition of equity investment

(261)

Other, net

Net Cash Provided by (Used in) Investing Activities

(347)

Cash Flows – Financing Activities

Repurchase of shares of common stock

(224)

Cash dividends paid on common stock

(51)

(50)

Dividends paid to noncontrolling interests

(17)

(1)

Contribution from noncontrolling interests

Other, net

(4)

Net Cash Used in Financing Activities

(274)

(55)

Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash

(3)

Net Decrease in Cash, Cash Equivalents and Restricted Cash

(89)

(74)

Cash, Cash Equivalents and Restricted Cash - Beginning of Period

1,136

1,158

Cash, Cash Equivalents and Restricted Cash - End of Period

1,047

1,084

Supplemental Cash Flow Data

Cash paid for income tax

Non-cash Investing and Financing Activities

Capital expenditures included in accounts payable and other current liabilities

$ 182

$ 151

[1]	Amounts have not been allocated to any segment for performance reporting purposes.

Contingencies

3 Months Ended

Mar. 31, 2022

Commitments And Contingencies Disclosure [Abstract]

Contingencies

Note 15 – Contingencies

Indemnification of China Tax on Indirect Transfers of Assets

In February 2015, the STA issued Bulletin 7 on Income arising from Indirect Transfers of Assets by Non-Resident Enterprises. Pursuant to Bulletin 7, an “indirect transfer” of Chinese taxable assets, including equity interests in a Chinese resident enterprise, by a non-resident enterprise, may be recharacterized and treated as a direct transfer of Chinese taxable assets, if such arrangement does not have reasonable commercial purpose and the transferor has avoided payment of Chinese enterprise income tax. As a result, gains derived from such an indirect transfer may be subject to Chinese enterprise income tax at a rate of 10%.

YUM concluded, and we concurred, that it is more likely than not that YUM will not be subject to this tax with respect to the pro rata distribution of all outstanding shares of Yum China common stock to shareholders of YUM in connection with the separation (the “distribution”). However, there are significant uncertainties regarding what constitutes a reasonable commercial purpose, how the safe harbor provisions for group restructurings are to be interpreted, and how the taxing authorities will ultimately view the distribution. As a result, YUM’s position could be challenged by Chinese tax authorities resulting in a 10% tax assessed on the difference between the fair market value and the tax basis of the separated China business. As YUM’s tax basis in the China business is minimal, the amount of such a tax could be significant.

Any tax liability arising from the application of Bulletin 7 to the distribution is expected to be settled in accordance with the tax matters agreement between the Company and YUM. Pursuant to the tax matters agreement, to the extent any Chinese indirect transfer tax pursuant to Bulletin 7 is imposed, such tax and related losses will be allocated between YUM and the Company in proportion to their respective share of the combined market capitalization of YUM and the Company during the 30 trading days after the separation. Such a settlement could be significant and have a material adverse effect on our results of operations and our financial condition. At the inception of the tax indemnity being provided to YUM, the fair value of the non-contingent obligation to stand ready to perform was insignificant and the liability for the contingent obligation to make payment was not probable or estimable.

Guarantees for Franchisees

From time to time, we have guaranteed certain lines of credit and loans of franchisees. As of March 31, 2022, no guarantees were outstanding for franchisees.

Legal Proceedings

The Company is subject to various lawsuits covering a variety of allegations from time to time. The Company believes that the ultimate liability, if any, in excess of amounts already provided for these matters in the Condensed Consolidated Financial Statements, is not likely to have a material adverse effect on the Company’s results of operations, financial condition or cash flows. Matters faced by the Company from time to time include, but are not limited to, claims from landlords, employees, customers and others related to operational, contractual or employment issues.

Fair Value Measurements and Disclosures (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Assets Measured on Recurring Basis or Disclosed at Fair Value


			Fair Value Measurement or Disclosure at March 31, 2022
	Balance at March 31, 2022		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	41	$	41
Fixed income debt securities(a)		100				100
Total cash equivalents		141		41		100		—
Short-term investments:
Time deposits		1,530				1,530
Fixed income debt securities(a)		950				950
Structured deposits		142				142
Total short-term investments		2,622		—		2,622		—
Other assets:
Investment in equity securities		84		84
Long-term time deposits		91				91
Total	$	2,938	$	125	$	2,813	$	—


			Fair Value Measurement or Disclosure at December 31, 2021
	Balance at December 31, 2021		Level 1		Level 2		Level 3
Cash equivalents:
Time deposits	$	321			$	321
Money market funds		45		45
Fixed income debt securities(a)		163		63		100
Total cash equivalents		529		108		421		—
Short-term investments:
Time deposits		1,726				1,726
Fixed income debt securities(a)		1,055				1,055
Variable return investments		79		79
Total short-term investments		2,860		79		2,781		—
Other assets:
Investment in equity securities		122		122
Long-term time deposits		90				90
Total	$	3,601	$	309	$	3,292	$	—

(a)

Classified as held-to-maturity investments and measured at amortized cost.

Business Acquisitions and Equity Investments - Narrative (Details) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($) Restaurant	Dec. 31, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2020 shares	Sep. 30, 2018 USD ($) shares
Business Acquisitions And Equity Investments [Line Items]
Number of restaurants \| Restaurant	10,300
Fujian Sunner Development Co., Ltd. [Member]
Business Acquisitions And Equity Investments [Line Items]
Percentage of equity interest acquired			5.00%
Total consideration paid to acquire interest			$ 261
Unrealized investment gain (loss)			(17)
Purchase of inventories	$ 92
Investment carrying amount	250
Market value	195
Investment in net assets excess of carrying amount	$ 172
Finite-lived intangible asset, useful life	20 years
Fujian Sunner Development Co., Ltd. [Member] \| Finite Lived Intangible Assets [Member]
Business Acquisitions And Equity Investments [Line Items]
Investment in net assets excess of carrying amount	$ 20
Fujian Sunner Development Co., Ltd. [Member] \| Accounts payable and other current liabilities [Member]
Business Acquisitions And Equity Investments [Line Items]
Accounts payable and other current liabilities due to Sunner	33	$ 56
Meituan Dianping [Member]
Business Acquisitions And Equity Investments [Line Items]
Unrealized investment gain (loss)	$ (38)		$ 1
Number of ordinary shares subscribed \| shares					8.4
Maximum percentage of ordinary shares subscribed					1.00%
Fair value of Investment in Meituan's ordinary shares					$ 74
Number of ordinary shares sold \| shares				4.2
Hangzhou KFC [Member]
Business Acquisitions And Equity Investments [Line Items]
Percentage of equity interest previously held by company		47.00%
Percentage of equity interest by company		60.00%
Hangzhou KFC [Member] \| Reacquired Franchise Rights [Member]
Business Acquisitions And Equity Investments [Line Items]
Purchase price allocated to intangible assets		$ 66
Remaining franchise contract period		1 year
Hangzhou Catering [Member]
Business Acquisitions And Equity Investments [Line Items]
Percentage of additional equity interest acquired		28.00%
Cash consideration paid to acquire interest		$ 255
Percentage of equity interest acquired	28.00%
Number of restaurants \| Restaurant	60
Investment carrying amount	$ 52
Investment in net assets excess of carrying amount	$ 30
Finite-lived intangible asset, useful life	20 years
Hangzhou Catering [Member] \| Hangzhou KFC [Member]
Business Acquisitions And Equity Investments [Line Items]
Percentage of equity interest acquired		45.00%

Earnings Per Common Share ("EPS") (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2022

Mar. 31, 2021

Earnings Per Share [Abstract]

Net Income - Yum China Holdings, Inc.

$ 100

$ 230

Weighted-average common shares outstanding (for basic calculation)

^[1]

426

420

Effect of dilutive share-based awards

^[1]

Effect of dilutive warrants

^[2]

Weighted-average common and dilutive potential common shares outstanding (for diluted calculation)

^[1]

430

434

Basic Earnings Per Common Share

$ 0.23

$ 0.55

Diluted Earnings Per Common Share

$ 0.23

$ 0.53

Share-based awards excluded from the diluted EPS computation

^[3]

[1]	As a result of the separation, shares of Yum China common stock were distributed to YUM’s shareholders of record as of October 19, 2016 and included in the calculated weighted-average common shares outstanding. Holders of outstanding YUM equity awards generally received both adjusted YUM awards and Yum China awards, or adjusted awards of either YUM or Yum China in their entirety. Any subsequent exercise of these awards, whether held by the Company’s employees or YUM’s employees, would increase the number of common shares outstanding. The incremental shares arising from outstanding equity awards are included in the computation of diluted EPS, if there is dilutive effect. In September 2020, 41,910,700 common shares were issued as a result of the Company’s global offering and secondary listing on the HKEX and they were included in the calculated weighted-average common shares outstanding.
[2]	Pursuant to the investment agreements dated September 1, 2016, Yum China issued to strategic investors two tranches of warrants on January 9, 2017, with each tranche initially providing the right to purchase 8,200,405 shares of Yum China common stock, at an initial exercise price of $31.40 and $39.25 per share, respectively, subject to customary anti-dilution adjustments. The warrants
[3]	These outstanding stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance stock units (“PSUs”) were excluded from the computation of diluted EPS because to do so would have been antidilutive for the quarters presented, or because certain PSUs are contingently issuable based on the achievement of performance and market conditions, which have not been met as of March 31, 2022 and 2021.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

+ Details

Supplemental Balance Sheet Information (Parenthetical) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Supplemental Balance Sheet Information Disclosure [Abstract]

Investment in long-term time deposits

^[1]

$ 91

$ 90

Investment in long-term time deposits, maturity term

3 years

[1]

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax provision	$ 55	$ 102
Effective tax rate	33.10%	29.60%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Business Acquisitions and Equity Investments - Summary of Pre-tax Gains or Losses in Investment in Equity Securities (Details) - Meituan Dianping [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Unrealized (losses) gains recorded on equity securities still held as of the end of the period	$ (38)	$ 1
(Losses) gains recorded on equity securities	$ (38)	$ 1

Basis of Presentation

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Basis of Presentation

Note 2 – Basis of Presentation

Our preparation of the accompanying Condensed Consolidated Financial Statements in conformity with Generally Accepted Accounting Principles in the United States of America (“GAAP”) requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

We have prepared the Condensed Consolidated Financial Statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The Condensed Consolidated Financial Statements include all normal and recurring adjustments considered necessary to present fairly our financial position as of March 31, 2022, and our results of operations, comprehensive income and cash flows for the quarters ended March 31, 2022 and 2021. Our results of operations, comprehensive income and cash flows for these interim periods are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K as filed with the SEC on February 28, 2022.

Through the acquisition of Daojia, the Company also acquired a variable interest entity (“VIE”) and subsidiaries of the VIE effectively controlled by Daojia. There exists a parent-subsidiary relationship between Daojia and its VIE as a result of certain exclusive agreements that require Daojia to consolidate its VIE and subsidiaries of the VIE because Daojia is the primary beneficiary that possesses the power to direct the activities of the VIE that most significantly impact its economic performance, and is entitled to substantially all of the profits and has the obligation to absorb all of the expected losses of the VIE. The acquired VIE and its subsidiaries were considered immaterial, both individually and in the aggregate. The results of Daojia’s operations have been included in the Company’s Condensed Consolidated Financial Statements since the acquisition date.

The results of the Lavazza joint venture and Hangzhou KFC’s operations have been included in the Company’s Condensed Consolidated Financial Statements since the acquisition dates.

Recently Adopted Accounting Pronouncements

Leases - Summary of Lease Cost (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lease Cost [Abstract]
Lease concessions from landlords related to the effects of COVID-19	$ 3	$ 5

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 1,047	$ 1,136
Short-term investments	2,622	2,860
Accounts receivable, net	70	67
Inventories, net	345	432
Prepaid expenses and other current assets	182	221
Total Current Assets	4,266	4,716
Property, plant and equipment, net	2,231	2,251
Operating lease right-of-use assets	2,546	2,612
Goodwill	2,163	2,142
Intangible assets, net	251	272
Investments in unconsolidated affiliates	305	292
Deferred income tax assets	96	106
Other assets	781	832
Total Assets	12,639	13,223
Current Liabilities
Accounts payable and other current liabilities	2,008	2,332
Income taxes payable	77	51
Total Current Liabilities	2,085	2,383
Non-current operating lease liabilities	2,214	2,286
Non-current finance lease liabilities	41	40
Deferred income tax liabilities	418	425
Other liabilities	173	167
Total Liabilities	4,931	5,301
Redeemable Noncontrolling Interest	14	14
Equity
Common stock, $0.01 par value; 1,000 million shares authorized; 449 million shares and 449 million shares issued at March 31, 2022 and December 31, 2021, respectively; 423 million shares and 428 million shares outstanding at March 31, 2022 and December 31, 2021, respectively	4	4
Treasury stock	(1,035)	(803)
Additional paid-in capital	4,704	4,695
Retained earnings	2,941	2,892
Accumulated other comprehensive income	279	268
Total Yum China Holdings, Inc. Stockholders' Equity	6,893	7,056
Noncontrolling interests	801	852
Total Equity	7,694	7,908
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$ 12,639	$ 13,223

Description of Business - Narrative (Details) $ in Millions		3 Months Ended
Description of Business - Narrative (Details) $ in Millions	Sep. 10, 2020 USD ($) shares	Mar. 31, 2022 Store Segment	Dec. 31, 2021 USD ($)	Sep. 30, 2021
Segment Reporting Information [Line Items]
Additional consecutive renewal terms of license agreement		50 years
Percentage of license fees on net sales		3.00%
Number of reportable segments \| Segment		2
Number of units closed \| Store		5
Global Offering [Member]
Segment Reporting Information [Line Items]
Global offering shares of common stock \| shares	41,910,700
Net proceeds from global offering	$ 2,200
Hangzhou KFC [Member]
Segment Reporting Information [Line Items]
Controlling ownership percentage maintained			60.00%
Joint Venture [Member] \| Lavazza Group [Member]
Segment Reporting Information [Line Items]
Joint venture equity interest percentage				65.00%
KFC and Pizza Hut [Member]
Segment Reporting Information [Line Items]
Expiration term of license agreement		50 years
Taco Bell [Member]
Segment Reporting Information [Line Items]
Expiration term of license agreement		50 years
Hangzhou Catering [Member]
Segment Reporting Information [Line Items]
Percentage of additional equity interest acquired			28.00%
Cash consideration paid to acquire interest			$ 255
Joint venture equity interest percentage		28.00%
Hangzhou Catering [Member] \| Hangzhou KFC [Member]
Segment Reporting Information [Line Items]
Joint venture equity interest percentage			45.00%

Leases - Schedule of Lease Term and Discount Rate (Details)	Mar. 31, 2022	Mar. 31, 2021
Weighted-average remaining lease term (years)
Operating leases	7 years 1 month 6 days	6 years 10 months 24 days
Finance leases	11 years 4 months 24 days	10 years 10 months 24 days
Weighted-average discount rate
Operating leases	5.40%	5.80%
Finance leases	5.40%	5.80%

Other Expenses (Income), Net (Tables)

3 Months Ended

Mar. 31, 2022

Other Income And Expenses [Abstract]

Other Expenses (Income), Net


	Quarter Ended
	3/31/2022			3/31/2021
Equity income from investments in unconsolidated affiliates(a)	$	—		$	(17	)
Amortization of reacquired franchise rights(b)		26			9
Foreign exchange impact and others		(1	)		2
Other expenses (income), net	$	25		$	(6	)

(a)

(b)

Items Affecting Comparability of Net Income (Tables)

3 Months Ended

Mar. 31, 2022

Meituan Dianping [Member]

Schedule Of Trading Securities And Other Trading Assets [Line Items]

Summary of Pre-tax Gains or Losses on Investment in Equity Securities

A summary of pre-tax gains or losses on investment in equity securities of Meituan recognized, which was included in Investment loss in our Condensed Consolidated Statements of Income, is as follows:


	Quarter Ended
	3/31/2022			3/31/2021
Unrealized (losses) gains recorded on equity securities still held as of the end of the period	$	(38	)	$	1
(Losses) gains recorded on equity securities	$	(38	)	$	1