On the Record · Yum Brands

Yum Brands acquisitions, on the record

The businesses Yum Brands bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
218 KFC restaurants in the U.K. and Ireland from a franchisee Word for word“Additionally, on December 6th, 2023, the Company announced that it had entered into a definitive agreement to acquire 218 KFC restaurants in the U.K. and Ireland from a franchisee.” 10-K for 2023	agreed acquisition	on December 6th, 2023	—
KFC Russia business Word for word“Also recorded in Unallocated Other income (expense) were foreign exchange impacts attributable to fluctuations in the value of the Russian ruble and a charge of $3 million recorded during the year ended December 31, 2023, as a result of the completion of the sale of the KFC Russia business.” 10-K for 2023	divestiture	during the year ended December 31, 2023	—
The Habit Restaurants, Inc. Word for word“In 2021, when calculating respective same-store sales growth we also included in our prior year base the sales of stores that were added as a result of our acquisition of The Habit Restaurants, Inc. on March 18, 2020, and that were open for one year or more.” 10-K for 2023	acquisition	March 18, 2020	—
two franchisee entities that owned 216 KFC restaurants in the U.K. and Ireland Word for word“On April 29, 2024, we completed the acquisition of all of the issued shares of two franchisee entities that owned 216 KFC restaurants in the U.K. and Ireland.” 10-K for 2024	acquisition	April 29, 2024	—
master franchise rights in Germany for KFC and Pizza Hut from the owner of IS Holding Word for word“We also re-acquired the master franchise rights in Germany for KFC and Pizza Hut from the owner of IS Holding in December 2024.” 10-K for 2024	acquisition	December 2024	—
128 Taco Bell restaurants across the Southeast U.S. from a franchisee Word for word“During the fourth quarter of 2025, we completed the acquisition of 128 Taco Bell restaurants across the Southeast U.S. from a franchisee.” 10-K for 2025	acquisition	During the fourth quarter of 2025	—
153 restaurants from franchisees (19 KFC, 16 Taco Bell and 118 Pizza Hut) Word for word“In addition to the acquisitions discussed above, we acquired 153 restaurants from franchisees in the year ended December 31, 2025, including 19 KFC, 16 Taco Bell and 118 Pizza Hut restaurants (the "Other restaurant acquisitions").” 10-K for 2025	acquisition	the year ended December 31, 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$0	$370 million	—
2017-12-31	$0	$1.77 billion	—
2018-12-31	$66 million	$825 million	—
2019-12-31	$0	$110 million	—
2020-12-31	$408 million	$19 million	—
2021-12-31	$0	$85 million	—
2022-12-31	$0	$73 million	—
2023-12-31	—	$60 million	—
2024-12-31	—	$49 million	$98 million
2025-12-31	—	$78 million	$220 million

Deal filings since 2016

2026-08-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-08-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2026-06-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Yum Brands’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.