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YUM! BRANDS, INC.-2015 Form10-K 61
Form 10-K
PART II
ITEM 8Financial Statements and Supplementary Data
NOTE17 Reportable Operating Segments
See Note 1 for a description of our operating segments.
Revenues
2015 2014 2013
China $ 6,909 $ 6,934 $ 6,905
KFC Division(a) 2,948 3,193 3,036
Pizza Hut Division(a) 1,145 1,148 1,147
Taco Bell Division(a) 1,988 1,863 1,869
India 115 141 127
$13,105 $13,279 $ 13,084
Operating Profit; Interest Expense, Net;
and Income Before Income Taxes
2015 2014 2013
China(b) $ 757 $ 713 $ 777
KFC Division 677 708 649
Pizza Hut Division 289 295 339
Taco Bell Division 539 480 456
India (19) (9) (15)
Unallocated restaurant costs(c) — (1) —
Unallocated Franchise and License expenses(c)(j) (71) — —
Unallocated and corporate expenses(c) (204) (189) (207)
Unallocated Closures and impairment expense(c)(d) — (463) (295)
Unallocated Refranchising gain (loss)(c) (10) 33 100
Unallocated Other income (expense)(c) (37) (10) (6)
Operating Profit 1,921 1,557 1,798
Interest expense, net(c)(e) (134) (130) (247)
Income Before Income Taxes $ 1,787 $ 1,427 $ 1,551
Depreciation and Amortization
2015 2014 2013
China $ 425 $ 411 $ 394
KFC Division 176 187 190
Pizza Hut Division 40 39 36
Taco Bell Division 88 83 84
India 10 10 9
Corporate 8 9 8
$ 747 $ 739 $ 721
Capital Spending
2015 2014 2013
China $ 512 $ 525 $ 568
KFC Division 273 273 294
Pizza Hut Division 54 62 52
Taco Bell Division 116 143 100
India 7 21 31
Corporate 11 9 4
$ 973 $ 1,033 $ 1,049