system
stringclasses 1
value | user
stringlengths 9
7.26k
| assistant
stringlengths 19
716
|
|---|---|---|
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | References to YUM throughout these Notes to our Financial Statements are made using the first person notations of “ we , ” “ us ” or “ our . ” YUM currently consists of four reporting segments : • YUM China ( “ China ” or “ China Division ” ) which includes all operations in mainland China • The KFC Division which includes all operations of the KFC concept outside of China Division • The Pizza Hut Division which includes all operations of the Pizza Hut concept outside of China Division • The Taco Bell Division which includes all operations of the Taco Bell concept Effective January 2016 our India business was segmented by brand , integrated into the global KFC , Pizza Hut and Taco Bell Divisions , and is no longer a separate operating segment . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Integrating India into our Brand Divisions increased Total revenues for the KFC , Pizza Hut and Taco Bell Divisions by $ 27 million , $ 2 million and less than $ 1 million , respectively , and decreased Operating Profit by $ 6 million , $ 2 million and less than $ 1 million , respectively , for the quarter ended September 5 , 2015 . | {'Revenues': ['27', '2', '1']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Integrating India into our Brand Divisions increased Total revenues for the KFC , Pizza Hut and Taco Bell Divisions by $ 79 million , $ 5 million and $ 2 million respectively , and decreased Operating Profit by $ 12 million , $ 2 million and $ 1 million , respectively , for the year to date ended September 5 , 2015 . | {'Revenues': ['79', '5', '2']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In October 2015 we announced our intent to separate YUM ’ s China business from YUM into an independent , publicly - traded company . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | This transaction , which is expected to be a tax - free spin - off of our China business , will create two powerful , independent , focused growth companies with distinct strategies , financial profiles and investment characteristics . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | On September 23 , 2016 the YUM Board of Directors ( “ Board ” ) approved a distribution of one share of YUM China common stock for each share of YUM common stock held at the close of business on October 19 , 2016 , the record date for the distribution . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | YUM expects to complete the distribution after the close of business on October 31 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | refranchising gains ) , and related income tax expense for periods presented prior to the spin - off , including those periods in 2016 , to Discontinued Operations within our Consolidated Income Statement . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The first three quarters of each fiscal year consist of 12 weeks and the fourth quarter consists of 16 weeks . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Our subsidiaries operate on similar fiscal calendars except that China and certain other international subsidiaries operate on a monthly calendar with two months in the first quarter , three months in the second and third quarters and four months in the fourth quarter . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The current fiscal year of 2016 will have a 53 week for YUM and our subsidiaries that do not operate on a monthly calendar , which will be included in our fourth quarter results . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Our international subsidiaries that operate on a monthly calendar , including China , are not impacted by the addition of a 53week . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Our international subsidiaries that operate on a monthly calendar , including China , are not impacted by the addition of a 53week . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Our international subsidiaries that operate on a monthly calendar , including China , are not impacted by the addition of a 53week . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Our international subsidiaries within o 7 our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | our KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ur KFC , Pizza Hut and Taco Bell divisions generally close approximately one month earlier to facilitate consolidated reporting . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The accompanying Financial Statements include all normal and recurring adjustments considered necessary to present fairly , when read in conjunction with our 2015 Form 10-K , our financial position as of September 3 , 2016 , and the results of our operations and comprehensive income for the quarters and years to date ended September 3 , 2016 and September 5 , 2015 and cash flows for the years to date ended September 3 , 2016 and September 5 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In April 2015 the Financial Accounting Standards Board ( " FASB " ) issued Accounting Standards Update No . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 2015 - 03 , “ Interest - Imputation of Interest : Simplifying the Presentation of Debt Issuance Costs ” ( ASU 2015 - 03 ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 03 amended the then - current presentation guidance by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability , consistent with debt discounts . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ASU 2015 - 03 was effective for the Company beginning with the quarter ended March 19 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The adoption of this standard required restatement of our consolidated balance sheet as of December 26 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We have reclassified certain items in the Financial Statements for the prior periods to be comparable with the classification for the quarter and year to date ended September 3 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 8 ( a ) Includes the effect of $ 105 million in share repurchases ( 1.2 million shares ) with trade dates prior to September 3 , 2016 but cash settlement dates subsequent to September 3 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | On May 20 , 2016 our Board of Directors authorized share repurchases through December 2016 of up to $ 4.2 billion ( excluding applicable transaction fees ) of our outstanding Common Stock . | {'StockRepurchaseProgramAuthorizedAmount1': ['4.2']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 9 Note 4 - Items Affecting Comparability of Net Income and Cash Flows Refranchising ( Gain ) Loss The Refranchising ( gain ) loss by reportable segment is presented below . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ( a ) In 2010 we refranchised our then - remaining Company - operated restaurants in Mexico . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended June 13 , 2015 , we initiated plans to sell this real estate and determined it was held for sale in accordance with GAAP . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The proceeds ultimately received for the real estate approximated our carrying value including the remaining unrecognized accumulated translation losses as of September 5 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Acceleration Agreement During the first quarter of 2015 , we reached an agreement with our KFC U.S. franchisees that gave us brand marketing control as well as an accelerated path to expanded menu offerings , improved assets and enhanced customer experience . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In connection with this agreement we anticipate investing approximately $ 125 million from 2015 through 2017 primarily to fund new back - of - house equipment for franchisees and to provide incentives to accelerate franchisee store remodels . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We recorded pre - tax charges of less than $ 1 million and $ 21 million for the quarters ended September 3 , 2016 and September 5 , 2015 , respectively , for these investments . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We recorded pre - tax charges of $ 17 million and $ 31 million for the years to date ended September 3 , 2016 and September 5 , 2015 , respectively , for these investments . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We recorded total pre - tax charges of $ 72 million during the year ended December 26 , 2015 and we currently expect a total pre - tax charge of approximately $ 30 million in 2016 for these investments . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 10 In addition to the investments above we agreed to fund $ 60 million of incremental system advertising from 2015 through 2018 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarters ended September 3 , 2016 , and September 5 , 2015 , we incurred $ 5 million and $ 3 million in incremental system advertising expense , respectively . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the years to date ended September 3 , 2016 and September 5 , 2015 , we incurred $ 14 million and $ 6 million in incremental system advertising expense , respectively . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We funded approximately $ 10 million of such advertising during the year ended December 26 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We currently expect to fund approximately $ 20 million of such advertising in both 2016 and 2017 and $ 10 million in 2018 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | See Notes 10 and 11 for details on YUM 's recapitalization . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | YUM 's Strategic Transformation Initiatives On October 11 , 2016 , we announced our strategic transformation plans to drive global expansion of the KFC , Pizza Hut and Taco Bell brands ( " YUM 's Strategic Transformation Initiatives " ) following the anticipated separation of our China business on October 31 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Major features of the Company ’ s growth and transformation strategy involve being more focused on the development of our three brands , increasing our franchise ownership and creating a leaner , more efficient cost structure . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | This transformation will result in YUM being at least 98 % refranchised by the end of 2018 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended September 3 , 2016 , YUM offered a Voluntary Retirement Program to certain U.S. employees as a step towards becoming a leaner , more efficient organization . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Note 5 - Other ( Income ) Expense Note 6 - Supplemental Balance Sheet Information Accounts and Notes Receivable , net The Company ’ s receivables are primarily generated as a result of ongoing business relationships with our franchisees and licensees as a result of franchise and lease agreements . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Trade receivables consisting of royalties from franchisees and licensees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable on our Condensed Consolidated Balance Sheets . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | At December 26 , 2015 , the Redeemable noncontrolling interest comprised the 7 % ownership interest in Little Sheep held by the Little Sheep founding shareholders , and was classified outside of permanent equity on our Condensed Consolidated Balance Sheets due to redemption rights held by the Little Sheep founding shareholders . | {'MinorityInterestOwnershipPercentageByNoncontrollingOwners': ['7']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended June 11 , 2016 , the Little Sheep founding shareholders sold their remaining 7 % Little Sheep ownership interest to YUM pursuant to their redemption rights . | {'MinorityInterestOwnershipPercentageByNoncontrollingOwners': ['7']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Consistent with our 2012 gain on the acquisition of Little Sheep and subsequent impairments of Little Sheep goodwill and intangibles in 2013 and 2014 , this loss attributable to noncontrolling interests is not being allocated to any segment operating results . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | A reconciliation of the beginning and ending carrying amount of the equity attributable to noncontrolling interests is as follows : Note 7 - Income Taxes Our effective tax rate is generally lower than the U.S. federal statutory rate of 35 % due to the majority of our income being earned outside the U.S. where tax rates are generally lower than the U.S. rate . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended September 3 , 2016 , we recorded a tax benefit of $ 233 million related to previously recorded losses associated with our Little Sheep business . | {'IncomeTaxExpenseBenefit': ['233']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The tax benefit associated with these losses was able to be recognized as a result of 12 legal entity restructuring completed in anticipation of the China spin - off . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As described in Note 1 , effective January 1 , 2016 our India business was segmented by brand and integrated into the global KFC , Pizza Hut and Taco Bell Divisions . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The following tables summarize Revenues and Operating Profit for each of our reportable operating segments : ( a ) Includes equity income from investments in unconsolidated affiliates of $ 18 million and $ 15 million for the quarters ended September 3 , 2016 and September 5 , 2015 , respectively . | {'IncomeLossFromEquityMethodInvestments': ['18', '15']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Includes equity income from investments in unconsolidated affiliates of $ 44 million and $ 31 million for the years to date ended September 3 , 2016 and September 5 , 2015 , respectively . | {'IncomeLossFromEquityMethodInvestments': ['44', '31']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | ( b ) Primarily Corporate G & A expenses for the quarters ended September 3 , 2016 and September 5 , 2015 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Acceleration Agreement of $ 21 million for the quarter ended September 5 , 2015 and $ 17 million and $ 31 million for the years to date ended September 3 , 2016 and September 5 , 2015 , respectively . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 13 Note 9 - Pension Benefits We sponsor qualified and supplemental ( non - qualified ) noncontributory defined benefit pension plans covering certain full - time salaried and hourly U.S. employees . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Note 10 - Short - term Borrowings and Long - term Debt 14 During the quarter ended September 3 , 2016 , a group of our subsidiaries issued $ 2.1 billion in Senior Unsecured Notes and entered into a Credit Agreement providing for senior , secured credit facilities consisting of a $ 500 million Term Loan A Facility , a $ 2.0 billion Term Loan B Facility and a $ 1.0 billion revolving credit facility that was undrawn as of September 3 , 2016 . | {'LineOfCreditFacilityMaximumBorrowingCapacity': ['1.0']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended June 11 , 2016 , a subsidiary of Taco Bell issued $ 2.3 billion in Securitization Notes , and YUM repaid $ 300 million in YUM Senior Unsecured Notes and repaid and terminated the Bridge Facility , which had $ 600 million of outstanding borrowings as of December 26 , 2015 . | {'RepaymentsOfDebt': ['300']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Details of the 2016 debt issuances and repayments are described below . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Details of our short - term borrowings and long - term debt as of December 26 , 2015 can be found within our 2015 Form 10-K . Credit Facilities and Subsidiary Senior Unsecured Notes On June 16 , 2016 , KFC Holding Co. , Pizza Hut Holdings , LLC , a limited liability company , and Taco Bell of America , LLC , a limited liability company ( " TBA " ) , each of which is a wholly - owned subsidiary of the Company , as co - borrowers ( the " Borrowers " ) , entered into a credit agreement providing for senior secured credit facilities consisting of a $ 500 million Term Loan A facility ( the “ Term Loan A Facility " ) , a $ 2.0 billion Term Loan B facility ( the “ Term Loan B Facility ” ) and a $ 1.0 billion revolving facility ( undrawn as of close ) ( the “ Revolving Facility ” ) , each of which may be increased subject to certain conditions . | {'LongTermDebt': ['500', '2.0'], 'LineOfCreditFacilityMaximumBorrowingCapacity': ['1.0']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of September 3 , 2016 , there were no outstanding borrowings under the Revolving Facility . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The interest rate for the Term Loan A Facility and for borrowings under the Revolving Facility ranges from 2.00 % to 2.50 % plus LIBOR or from 1.00 % to 1.50 % plus the Base Rate ( as defined in the Credit Agreement ) , at the Borrowers ’ election , based upon the total net leverage ratio of the Borrowers and the Specified Guarantors . | {'DebtInstrumentBasisSpreadOnVariableRate1': ['2.00', '2.50', '1.00', '1.50']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The interest rate for the Term Loan B Facility is either LIBOR plus 2.75 % or the Base Rate plus 1.75 % , at the Borrowers ’ election . | {'DebtInstrumentBasisSpreadOnVariableRate1': ['2.75', '1.75']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Term Loan A Facility and the Revolving Facility mature in June 2021 and the Term Loan B Facility matures in June 2023 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Credit Agreement is subject to certain mandatory prepayments , including an amount equal to 50 % of excess cash flow ( as defined in the Credit Agreement ) on an annual basis and the proceeds of certain asset sales , casualty events and issuances of indebtedness , subject to customary exceptions and reinvestment rights . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Credit Agreement includes two financial maintenance covenants whichrequire the Borrowers to maintain a total leverage ratio ( defined as the ratio of Consolidated Total Debt to Consolidated EBITDA ( as these terms are defined in the Credit Agreement ) ) of 5 . 0:1 or less and a fixed charge coverage ratio ( defined as the ratio of EBITDA minus capital expenditures to fixed charges ( inclusive of rental expense and scheduled amortization ) ) of at least 1 . 5:1 , each as of the last day of each fiscal quarter . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We were in compliance with all debt covenants as of September 3 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 15 Additionally , on June 16 , 2016 , the Borrowers issued $ 1.05 billion aggregate principal amount of 5.00 % Senior Unsecured Notes due 2024 and $ 1.05 billion aggregate principal amount of 5.25 % Senior Unsecured Notes due 2026 ( together , the “ Subsidiary Senior Unsecured Notes ” ) . | {'DebtInstrumentInterestRateStatedPercentage': ['5.00', '5.25']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We were in compliance with all debt covenants as of September 3 , 2016 During the year to date ended September 3 , 2016 , the Company incurred debt issuance costs of $ 55 million in connection with the issuance of the Credit Agreement and the Subsidiary Senior Unsecured Notes . | {'DeferredFinanceCostsNet': ['55']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of September 3 , 2016 , the effective interest rates , including the amortization of debt issuance costs and the impact of the interest rate swaps on Term Loan B Facility ( See Note 11 ) , were 5.16 % , 5.39 % , 2.93 % , and 3.70 % for the Senior Unsecured Notes due 2024 , the Senior Unsecured Notes due 2026 , the Term Loan A Facility , and the Term Loan B Facility , respectively . | {'DebtInstrumentInterestRateEffectivePercentage': ['5.16', '5.39', '2.93', '3.70']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | We used certain of the net proceeds from the issuances of the Subsidiary Senior Unsecured Notes and the Credit Agreement to repay all outstanding amounts on our existing senior unsecured revolving credit facility ( the “ Senior Unsecured Revolving Credit Facility ” ) in the quarter ended September 3 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Securitization Notes On May 11 , 2016 Taco Bell Funding , LLC ( the “ Issuer ” ) , a newly formed , special purpose limited liability company and a direct , wholly - owned subsidiary of TBC completed a securitization transaction and issued $ 800 million of its Series 2016 - 1 3.832 % Fixed Rate Senior Secured Notes , Class A-2-I ( the “ Class A-2-I Notes ” ) , $ 500 million of its Series 2016 - 1 4.377 % Fixed Rate Senior Secured Notes , Class A-2-II ( the “ Class A-2-II Notes ” ) and $ 1.0 billion of its Series 2016 - 1 4.970 % Fixed Rate Senior Secured Notes , Class A-2-III ( the “ Class A-2-III Notes ” and , together with the Class A-2-I Notes and the Class A-2-II Notes , the “ Class A-2 Notes ” ) . | {'DebtInstrumentInterestRateStatedPercentage': ['3.832', '4.377', '4.970']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In connection with the issuance of the Class A-2 Notes , the Issuer also entered into a revolving financing facility of Series 2016 - 1 Senior Notes , Class A-1 ( the “ Variable Funding Notes ” ) , which allows for the borrowing of up to $ 100 million and the issuance of up to $ 50 million in letters of credit . | {'LineOfCreditFacilityMaximumBorrowingCapacity': ['100', '50']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Class A-2 Notes were issued under a Base Indenture , dated as of May 11 , 2016 ( the “ Base Indenture ” ) , and the related Series 2016 - 1 Supplement thereto , dated as of May 11 , 2016 ( the “ Series 2016 - 1 Supplement ” ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Base Indenture and the Series 2016 - 1 Supplement ( collectively , the “ Indenture ” ) will allow the Issuer to issue additional series of notes . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | In general , no amortization of principal of the Class A 2 Notes is required prior to their anticipated repayment dates unless as of any quarterly measurement date the consolidated leverage ratio ( the ratio of total debt to Net Cash Flow ( as defined in the Indenture ) ) for the preceding four fiscal quarters of either the Company and its subsidiaries or the Issuer and its subsidiaries exceeds 5 . 0:1 , in which case amortization payments of 1 % per year of the outstanding principal as of the closing of the Securitization Notes is required . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The legal final maturity date of the Notes is in May 2046 , but the anticipated repayment dates of the Class A-2-I Notes , the Class A-2-II Notes and the Class A-2-III Notes 16 will be 4 , 7 and 10 years , respectively ( the “ Anticipated Repayment Dates ” ) from the date of issuance . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | If the Issuer has not repaid or refinanced a series of Class A-2 Notes prior to its respective Anticipated Repayment Dates , rapid amortization of principal on all Securitization Notes will occur and additional interest will accrue on the Class A-2 Notes , as stated in the Indenture . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | It is anticipated that the principal of and interest on the Variable Funding Notes will be repaid in full on or prior to May 2021 , subject to two additional one year extensions at the option of the Issuer and further extensions as agreed between the Issuer and the Administrative Agent Following the anticipated repayment date and any extensions thereof , additional interest will accrue on the Variable Funding Notes equal to 5.00 % per year . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of September 3 , 2016 , $ 15 million of letters of credit were outstanding against the Variable Funding Notes , which relate primarily to interest reserves required under the Indenture . | {'LettersOfCreditOutstandingAmount': ['15']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Variable Funding Notes were undrawn at September 3 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended June 11 , 2016 , the Company incurred debt issuance costs of $ 31 million in connection with the issuance of the Securitization Notes . | {'DeferredFinanceCostsGross': ['31']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | As of September 3 , 2016 , the effective interest rates , including the amortization of debt issuance costs , were 4.18 % , 4.59 % , and 5.14 % for the Class A-2-I Notes , Class A-2-II Notes and Class A-2-III Notes , respectively . | {'DebtInstrumentInterestRateEffectivePercentage': ['4.18', '4.59', '5.14']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Securitization Notes are also subject to rapid amortization events provided for in the Indenture , including events tied to failure to maintain a stated debt service coverage ratio ( as defined in the Indenture ) of at least 1 . 1:1 , gross domestic sales for branded restaurants being below certain levels on certain measurement dates , a manager termination event , an event of default and the failure to repay or refinance the Class A-2 Notes on the Anticipated Repayment Date ( subject to limited cure rights ) . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | The Securitization Notes are also subject to certain customary events of default , including events relating to non payment of required interest or principal due on the Securitization Notes , failure to comply with covenants within certain time frames , certain bankruptcy events , breaches of specified representations and warranties , failure of security interests to be effective , certain judgments and failure of the Securitization Entities to maintain a stated debt service coverage ratio As of September 3 , 2016 , we were in compliance with all of our debt covenant requirements and were not subject to any rapid amortization events In accordance with the Indenture , certain cash accounts have been established with the Indenture trustee for the benefit of the note holders , and are restricted in their use . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Such restricted cash is included in Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheet as of September 3 , 2016 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | Additional cash reserves are required if any of the rapid amortization events occur , as noted above , or in the event that as of any quarterly measurement date the Securitization Entities fail to maintain a debt service coverage ratio ( or the ratio of Net Cash Flow to all debt service payments for the preceding four fiscal quarters ) of at least 1 . 75:1 . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended September 3 , 2016 , the Securitization Entities maintained a debt service coverage ratio significantly in excess of the 1 . 75:1 requirement . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | 17 Note 11 - Derivative Instruments We use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates . | No XBRL associated data. |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | During the quarter ended September 3 , 2016 , we agreed with multiple counterparties to swap the variable LIBOR - based component of the interest payments related to $ 1.55 billion of our $ 2.0 billion Term Loan B Facility , resulting in a fixed rate of 3.92 % on the swapped portion of the Term Loan B Facility . | {'LongTermDebt': ['2.0'], 'DerivativeFixedInterestRate': ['3.92']} |
Extract the named entities in this text using 139 XBRL tags in the IOB2 format. Return the results in JSON format. | These interest rate swaps will expire in July 2021 and are designated cash flow hedges as the changes in the future cash flows of the swaps are expected to offset changes in interest payments on the related variable - rate debt . | No XBRL associated data. |