SEC Info - Yum China Holdings, Inc. - ‘10-K’ for 12/31/23

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Yum China Holdings, Inc. – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On: Thursday, 2/29/24, at 4:30pm ET · For: 12/31/23 · Accession #: 950170-24-23147 · File #: 1-37762

Previous ‘10-K’: ‘10-K’ on 3/1/23 for 12/31/22 · Latest ‘10-K’: This Filing · 19 References:

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/29/24  Yum China Holdings, Inc.          10-K       12/31/23  114:20M                                    Donnelley … Solutions/FA

Annual Report — Form 10-K — SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   5.55M 
 2: EX-21.1     Subsidiaries List                                   HTML    102K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     30K 
 8: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     46K 
                Awarded Compensation                                             
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     35K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     32K 
10: R1          Document and Entity Information                     HTML    111K 
11: R2          Consolidated Statements of Income                   HTML    146K 
12: R3          Consolidated Statements of Comprehensive Income     HTML     58K 
13: R4          Consolidated Statements of Cash Flows               HTML    148K 
14: R5          Consolidated Balance Sheets                         HTML    157K 
15: R6          Consolidated Balance Sheets (Parenthetical)         HTML     40K 
16: R7          Consolidated Statements of Equity                   HTML    113K 
17: R8          Consolidated Statements of Equity (Parenthetical)   HTML     32K 
18: R9          Pay vs Performance Disclosure                       HTML     42K 
19: R10         Insider Trading Arrangements                        HTML     39K 
20: R11         Description of Business                             HTML     46K 
21: R12         Summary of Significant Accounting Policies          HTML    191K 
22: R13         Business Acquisitions and Equity Investments        HTML     71K 
23: R14         Revenue                                             HTML    203K 
24: R15         Earnings Per Common Share ("Eps")                   HTML     69K 
25: R16         Other Expenses (Income), Net                        HTML     57K 
26: R17         Supplemental Balance Sheet Information              HTML    139K 
27: R18         Goodwill and Intangible Assets                      HTML    220K 
28: R19         Credit Facilities and Short-term Borrowings         HTML     42K 
29: R20         Investment Agreements with Strategic Investors      HTML     38K 
30: R21         Leases                                              HTML    192K 
31: R22         Fair Value Measurements and Disclosures             HTML    198K 
32: R23         Retirement Plans                                    HTML     43K 
33: R24         Share-Based Compensation                            HTML    160K 
34: R25         Equity                                              HTML     56K 
35: R26         Income Taxes                                        HTML    269K 
36: R27         Segment Reporting                                   HTML    268K 
37: R28         Contingencies                                       HTML     41K 
38: R29         Subsequent Events                                   HTML     35K 
39: R30         Summary of Significant Accounting Policies          HTML    260K 
                (Policies)                                                       
40: R31         Summary of Significant Accounting Policies          HTML     62K 
                (Tables)                                                         
41: R32         Business Acquisitions and Equity Investments        HTML     41K 
                (Tables)                                                         
42: R33         Revenue (Tables)                                    HTML    195K 
43: R34         Earnings Per Common Share ("Eps") (Tables)          HTML     68K 
44: R35         Other Expenses (Income), Net (Tables)               HTML     56K 
45: R36         Supplemental Balance Sheet Information (Tables)     HTML    147K 
46: R37         Goodwill and Intangible Assets (Tables)             HTML    222K 
47: R38         Leases (Tables)                                     HTML    192K 
48: R39         Fair Value Measurements and Disclosures (Tables)    HTML    195K 
49: R40         Share-Based Compensation (Tables)                   HTML    138K 
50: R41         Income Taxes (Tables)                               HTML    251K 
51: R42         Segment Reporting (Tables)                          HTML    262K 
52: R43         Description of Business - Narrative (Details)       HTML     86K 
53: R44         Summary of Significant Accounting Policies -        HTML     49K 
                Narrative (Details)                                              
54: R45         Summary of Significant Accounting Policies -        HTML    124K 
                Narrative (Details 1)                                            
55: R46         Summary of Significant Accounting Policies -        HTML     46K 
                Summary of Estimated Useful Lives of Intangible                  
                Assets (Details)                                                 
56: R47         Summary of Significant Accounting Policies -        HTML     45K 
                Schedule of Government Subsidies in Form of Cash                 
                Recognized as Reduction in Expense Line Items in                 
                Consolidated Statements of Income (Details)                      
57: R48         Business Acquisitions and Equity Investments -      HTML    146K 
                Narrative (Details)                                              
58: R49         Business Acquisitions and Equity Investments -      HTML     34K 
                Summary of Pre-tax Gains or Losses in Investment                 
                in Equity Securities (Details)                                   
59: R50         Revenue - Schedule of Disaggregation of Revenue by  HTML     96K 
                Types of Arrangements and Segments (Details)                     
60: R51         Revenue - Schedule of Franchise Fees and Income     HTML     40K 
                (Details)                                                        
61: R52         Revenue - Narrative (Details)                       HTML     36K 
62: R53         Revenue - Contract Liabilities (Details)            HTML     42K 
63: R54         Earnings Per Common Share ("Eps") (Details)         HTML     73K 
64: R55         Earnings Per Common Share ("Eps") (Parenthetical)   HTML     42K 
                (Details)                                                        
65: R56         Items Affecting Comparability of Net Income -       HTML     46K 
                Narrative (Details)                                              
66: R57         Other Expenses (Income), Net (Details)              HTML     44K 
67: R58         Other Expenses (Income), Net (Parenthetical)        HTML     52K 
                (Details)                                                        
68: R59         Government Subsidies - Schedule Of Government       HTML     43K 
                Subsidies (Details)                                              
69: R60         Supplemental Balance Sheet Information (Details)    HTML    110K 
70: R61         Supplemental Balance Sheet Information (Details 1)  HTML     45K 
71: R62         Supplemental Balance Sheet Information - Narrative  HTML     32K 
                (Details)                                                        
72: R63         Supplemental Balance Sheet Information              HTML     32K 
                (Parenthetical) (Details)                                        
73: R64         Goodwill and Intangible Assets (Details)            HTML     58K 
74: R65         Goodwill and Intangible Assets (Details 1)          HTML     70K 
75: R66         Goodwill and Intangible Assets - Narrative          HTML     45K 
                (Details)                                                        
76: R67         Credit Facilities and Short-term Borrowings -       HTML     62K 
                Narrative (Details)                                              
77: R68         Investment Agreements with Strategic Investors -    HTML     65K 
                Narrative (Details)                                              
78: R69         Leases - Narrative (Details)                        HTML     41K 
79: R70         Leases - Summary of Supplemental Balance Sheet      HTML     54K 
                (Details)                                                        
80: R71         Leases - Summary of Lease Cost (Details)            HTML     50K 
81: R72         Leases - Summary of Lease Cost (Parenthetical)      HTML     31K 
                (Details)                                                        
82: R73         Leases - Schedule of Supplemental Cash Flow         HTML     46K 
                Information (Details)                                            
83: R74         Leases - Schedule of Supplemental Cash Flow         HTML     40K 
                Information (Parenthetical) (Details)                            
84: R75         Leases - Schedule of Lease Term and Discount Rate   HTML     41K 
                (Details)                                                        
85: R76         Leases - Summary of Maturities of Lease             HTML     89K 
                Liabilities (Details)                                            
86: R77         Fair Value Measurements and Disclosures -           HTML     37K 
                Narrative (Details)                                              
87: R78         Fair Value Measurements and Disclosures - Assets    HTML     76K 
                Measured on Recurring Basis or Disclosed at Fair                 
                Value (Details)                                                  
88: R79         Fair Value Measurements and Disclosures - Schedule  HTML     41K 
                of Amounts Recognized From Non-recurring Fair                    
                Value Measurements (Details)                                     
89: R80         Fair Value Measurements and Disclosures - Schedule  HTML     39K 
                of Amounts Recognized From Non-recurring Fair                    
                Value Measurements (Parenthetical) (Details)                     
90: R81         Retirement Plans - Narrative (Details)              HTML     52K 
91: R82         Share-Based Compensation - Narrative (Details)      HTML    124K 
92: R83         Share-Based Compensation (Details)                  HTML     44K 
93: R84         Share-Based Compensation (Details 1)                HTML     76K 
94: R85         Share-Based Compensation (Parenthetical) (Details   HTML     39K 
                1)                                                               
95: R86         Share-Based Compensation (Details 2)                HTML     60K 
96: R87         Share-Based Compensation (Details 3)                HTML     60K 
97: R88         Equity - Narrative (Details)                        HTML     93K 
98: R89         Income Taxes - Narrative (Details)                  HTML     73K 
99: R90         Income Taxes (Details)                              HTML     42K 
100: R91         Income Taxes (Details 1)                            HTML     51K  
101: R92         Income Taxes (Details 2)                            HTML     70K  
102: R93         Income Taxes (Details 3)                            HTML     76K  
103: R94         Income Taxes (Details 4)                            HTML     36K  
104: R95         Income Taxes (Details 5)                            HTML     31K  
105: R96         Segment Reporting - Narrative (Details)             HTML     31K  
106: R97         Segment Reporting (Details)                         HTML    126K  
107: R98         Segment Reporting (Parenthetical) (Details)         HTML     35K  
108: R99         Contingencies - Narrative (Details)                 HTML     36K  
109: R100        Subsequent Events (Details)                         HTML     43K  
111: XML         IDEA XML File -- Filing Summary                      XML    218K  
114: XML         XBRL Instance -- yumc-20231231_htm                   XML   5.45M  
110: EXCEL       IDEA Workbook of Financial Report Info              XLSX    265K  
 9: EX-101.SCH  XBRL Taxonomy Extension Schema With Embedded         XSD   6.02M 
                Linkbases Document -- yumc-20231231                              
112: JSON        XBRL Instance as JSON Data -- MetaLinks              796±  1.24M  
113: ZIP         XBRL Zipped Folder -- 0000950170-24-023147-xbrl      Zip    811K

‘EX-31.1’ — Certification — §302 – SOA’02

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Joey Wat, certify that:

I have reviewed this Annual Report on Form 10-K of Yum China Holdings, Inc.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date: February 29, 2024	/s/ *Joey Wat*
	Joey Wat
	Chief Executive Officer

Dates Referenced Herein

This ‘10-K’ Filing	Date	Other Filings

Filed on:	2/29/24	None on these Dates
For Period end:	12/31/23
		List all Filings

19 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/15/23  Yum China Holdings, Inc.          8-K:5,9    12/12/23   13:394K                                   Donnelley … Solutions/FA
 7/17/23  Yum China Holdings, Inc.          8-K:5,7,9   7/13/23   13:383K                                   Donnelley … Solutions/FA
 5/08/23  Yum China Holdings, Inc.          10-Q        3/31/23   87:17M                                    Donnelley … Solutions/FA
10/19/22  Yum China Holdings, Inc.          8-K:5,8,9  10/19/22   12:484K                                   Donnelley … Solutions/FA
10/12/22  Yum China Holdings, Inc.          8-K:5,9    10/11/22   12:554K                                   Donnelley … Solutions/FA
 5/06/22  Yum China Holdings, Inc.          10-Q        3/31/22   86:16M                                    Donnelley … Solutions/FA
 2/28/22  Yum China Holdings, Inc.          10-K       12/31/21  114:23M                                    ActiveDisclosure/FA
 2/11/22  Yum China Holdings, Inc.          8-K:5,9     2/08/22   14:639K                                   ActiveDisclosure/FA
 9/27/21  Yum China Holdings, Inc.          8-K:5,9     9/23/21   12:294K                                   ActiveDisclosure/FA
 6/02/21  Yum China Holdings, Inc.          8-K:5,9     5/28/21   13:542K                                   ActiveDisclosure/FA
 2/26/21  Yum China Holdings, Inc.          10-K       12/31/20  116:26M                                    ActiveDisclosure/FA
 5/08/20  Yum China Holdings, Inc.          10-Q        3/31/20   87:15M                                    ActiveDisclosure/FA
10/02/19  Yum China Holdings, Inc.          8-K:5,9     9/27/19   13:293K                                   Donnelley … Solutions/FA
 9/06/19  Yum China Holdings, Inc.          8-K:5,7,9   9/04/19   16:348K                                   Donnelley … Solutions/FA
 5/04/18  Yum China Holdings, Inc.          10-Q        3/31/18   68:8M                                     ActiveDisclosure/FA
10/05/17  Yum China Holdings, Inc.          8-K:2,5,7,9 9/29/17    5:2.2M                                   ActiveDisclosure/FA
 3/08/17  Yum China Holdings, Inc.          10-K       12/31/16  118:18M                                    ActiveDisclosure/FA
11/01/16  Yum China Holdings, Inc.          8-K:1,3,5,810/26/16   16:7.5M                                   Toppan Merrill-FA
 9/19/16  Yum China Holdings, Inc.          10-12B/A    9/16/16   11:7M                                     Toppan Merrill-FA

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Filing Submission 0000950170-24-023147 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)