Document


			Exhibit 21.1
SUBSIDIARIES OF YUM! BRANDS, INC.
AS OF DECEMBER 31, 2024
Name of Subsidiary			State or Country of Incorporation
A.C.N. 003 190 163 Pty Limited			Australia
A.C.N. 003 190 172 Pty Limited			Australia
A.C.N. 003 273 854 Pty Limited			Australia
A.C.N. 054 055 917 Pty Ltd			Australia
A.C.N. 054 121 416 Pty Limited			Australia
A.C.N. 085 239 961 Pty Ltd			Australia
A.C.N. 085 239 998 Pty Ltd			Australia
A.C.N. 108 123 502 Pty Ltd			Australia
ABR Insurance Company			Vermont
Ashton Fried Chicken Pty. Limited			Australia
Clokken Ireland Limited			Ireland
Clokken Limited			England and Wales
Cyprus Caramel Restaurants Limited			Cyprus
Dragontail Systems Canada, Inc.			British Columbia
Dragontail Systems Ltd.			Israel
Dragontail Systems Pty Limited f/k/a Dragontail Systems Limited			Australia
Dragontail Systems USA, Inc.			Delaware
Egg Shell Holdings LLC			Delaware
Finger Lickin' Chicken Limited			England and Wales
Finger Lickin Good Franchising LLC			Delaware
Gardiner Lane Capital, LLC			Delaware
GCTB, LLC			Virginia
Gloucester Properties Pty. Ltd.			Australia
Gotham Newco 4 Limited			England and Wales
Habit Employment, L.P.			Delaware
HBG Franchise, LLC			Delaware
Heart Brands UK Limited			England and Wales
Heart Brands Pty Ltd.			Australia
Heartstyles (Pty) Ltd.			South Africa
Hut Occasions LLC			South Korea
IPDEV Co., LLC			Delaware
Kentucky Fried Chicken (Germany) Restaurant Holding GmbH			Germany
Kentucky Fried Chicken (Great Britain) Limited			England and Wales
Kentucky Fried Chicken Canada Company			Nova Scotia
Kentucky Fried Chicken International Holdings LLC			Delaware
Kentucky Fried Chicken Limited			England and Wales
Kentucky Fried Chicken Pty. Ltd.			Australia
KFC (Pty) Ltd			South Africa
KFC Advertising, Limited			England and Wales


KFC Asia Data & Analytics Pte. Ltd			Singapore
KFC Asia Franchise Pte. Ltd. f/k/a Taco Bell Restaurants China-India Pte. Ltd.			Singapore
KFC Asia Holdings LLC f/k/a KFC Asia S.à r.l. f/k/a TB Asia Holdings S.à r.l.			Delaware
KFC Australia IP Holdings, LLC			Delaware
KFC Canada, LLC			Delaware
KFC Corporation			Delaware
KFC Europe Holdings S.à. r.l.			Switzerland
KFC Europe S.à. r.l.			Switzerland
KFC Europe S.à. r.l.			Luxembourg
KFC France SAS			France
KFC Gift Card Holdings LLC			Kentucky
KFC Greece LLC			Greece
KFC Holding Co.			Delaware
KFC Holding SAS			France
KFC Holdings B.V.			Netherlands
KFC India Marketing Private Limited			India
KFC International Holdings II LLC f/k/a KFC International Holdings II S.à. r.l.			Delaware
KFC MENAPAK LLC			Delaware
KFC MENAPAK S.à. r.l.			Luxembourg
KFC MENAPAKT FZ-LLC			Dubai
KFC MENAPAKT Holdings, LLC			Delaware
KFC North America LLC f/k/a KFC North America S.à. r.l.			Delaware
KFC Pacific Holdings Ltd			Malta
KFC Restaurants Spain S.L.			Spain
KFC South Africa Holdings B.V.			Netherlands
KFC THC V Ltd			Malta
KFC US, LLC			Delaware
KFC US RE Holdings, LLC			Delaware
Live Mas UK Limited			England and Wales
Multibranding Pty. Ltd.			Australia
National Systems, LLC			Delaware
Newcastle Fried Chicken Pty. Limited			Australia
Northside Fried Chicken Pty Limited			Australia
Novo BL SAS			France
Novo Re IMMO SAS			France
Pacific Bell Franchising LLC			Delaware
Pacificly Pizza Hut LLC			Delaware
PH Canada Company			Nova Scotia


PH Digico LLC			Delaware
PH Digital Ventures UK Limited			England and Wales
PH Europe S.à. r.l.			Luxembourg
PH Mexico LLC f/k/a PH Mexico S.à. r.l.			Delaware
PH North America LLC f/k/a PH North America S.à. r.l.			Delaware
PH South Africa Holdings B.V.			Netherlands
PH Yum! France SAS			France
PH Yum! Germany GmbH f/k/a Blitz D24-602 GmbH			Germany
PHDV Asia Company Limited			Vietnam
Pizza Familia Partnership			Delaware
Pizza Hut (Pty) Ltd			South Africa
Pizza Hut Asia Pacific Franchise Pte. Ltd. f/k/a Pizza Hut Restaurants China-India Pte. Ltd.			Singapore
Pizza Hut Asia Pacific Holdings LLC f/k/a Pizza Hut Pacific Holdings LLC f/k/a PH Asia Holdings S.à. r.l.			Delaware
Pizza Hut Canada, LLC			Delaware
Pizza Hut Connect, LLC			Delaware
Pizza Hut Europe Limited			England and Wales
Pizza Hut Guarantor, LLC			Delaware
Pizza Hut Holdings, LLC			Delaware
Pizza Hut HSR Advertising Limited			England and Wales
Pizza Hut India Marketing Private Limited			India
Pizza Hut International, LLC			Delaware
Pizza Hut MENAPAK Consulting FZE			Dubai
Pizza Hut MENAPAK Holdings, LLC			Delaware
Pizza Hut MENAPAK S.à r.l.			Luxembourg
Pizza Hut MENAPAKT FZ-LLC			Dubai
Pizza Hut of America, LLC			Delaware
Pizza Hut, LLC			Delaware
Pizza Pete Franchising LLC			Delaware
PKM Investments, LLC			Delaware
QuikOrder, LLC			Delaware
Restaurant Concepts LLC			Delaware
Restaurant Holdings Limited			England and Wales
South China Sea Investments LLC			Delaware
Southern Fast Foods Limited			England and Wales
Suffolk Fast Foods Limited			England and Wales
Taco Bell Asia Franchising, LLC f/k/a TB Asia S.à r.l.			Delaware


Taco Bell Canada, LLC			Delaware
Taco Bell Cantina Corp			Delaware
Taco Bell Corp			California
Taco Bell Franchise Holder 1, LLC			Delaware
Taco Bell Franchisor Holdings, LLC			Delaware
Taco Bell Franchisor, LLC			Delaware
Taco Bell Funding, LLC			Delaware
Taco Bell IP Holder, LLC			Delaware
Taco Bell of America, LLC			Delaware
Taco Bell Pacific Investments, LLC			Delaware
Taco Bell Restaurants Asia Pte. Ltd.			Singapore
Taco Bell UK and Europe Limited f/k/a Yum! Restaurants Limited			England and Wales
TB Asia LLC			Delaware
TB Australia Company Pty. Ltd.			Australia
TB Canada Company			Nova Scotia
TB Cantina, LLC			Delaware
TB International Holdings II LLC f/k/a TB International Holdings II S.à. r.l.			Delaware
TB North America LLC f/k/a TB North America S.à. r.l.			Delaware
TBA Services, LLC			Delaware
The Habit Restaurants, Inc.			Delaware
The Habit Restaurants, LLC			Delaware
TicTuk Technologies Ltd.			Israel
Tricon Global Restaurants, Inc.			North Carolina
YA Company One Pty. Ltd.			Australia
YEB Holdings LLC			Delaware
YEB III LLC			Delaware
YRH Holdco Limited			England and Wales
YRI Asia Ventures Ltd.			Malta
YRI China Franchising LLC f/k/a YRI China Franchising S.à. r.l. f/k/a Yum! Finance Holdings V S.à. r.l.			Delaware
YRI Europe S.à. r.l.			Luxembourg
YRI Global Liquidity S.à. r.l.			Luxembourg
YRI Investment Company S.à. r.l.			Luxembourg
YRI Investment Ventures Ltd.			Malta
Yum Colombiatech Systems SAS			Colombia
Yum Connect Australia Pty. Ltd.			Australia
Yum Connect, LLC			Delaware
Yum Cyprus Limited			Cyprus
Yum HS Holdings, LLC			Delaware
Yum India Technology Solutions Private Limited			India
Yum Restaurant Services Group, LLC			Delaware
Yum Treasury Finance Ltd. F/k/a Flogios Holdings Ltd.			Cyprus
Yum! Asia Franchise Pte Ltd			Singapore
Yum! Asia Holdings LLC f/k/a Yum! Asia Holdings S.à. r.l.			Delaware


Yum! Australia Equipment Pty. Ltd.			Australia
Yum! Brands Mexico Holdings II LLC			Delaware
Yum! Capital Investments, LLC			Delaware
Yum! Europe Limited			England and Wales
Yum! Finance Holdings I S.à. r.l.			Luxembourg
Yum! Franchise de Mexico LLC f/k/a Yum! Franchise de Mexico, S.à. r.l.			Delaware
Yum! Holdings II Limited			England and Wales
Yum! III (UK) Limited			England and Wales
Yum! International Finance Company LLC f/k/a Yum! International Finance Company S.à. r.l.			Delaware
Yum! KFC Australia Holdings I LLC			Delaware
Yum! Restaurant Holdings			England and Wales
Yum! Restaurantes do Brasil Ltda.			Brazil
Yum! Restaurants (India) Private Limited			India
Yum! Restaurants (NZ) Ltd.			New Zealand
Yum! Restaurants Asia Pte. Ltd.			Singapore
Yum! Restaurants Australia Pty Limited			Australia
Yum! Restaurants Europe Limited			England and Wales
Yum! Restaurants International (Thailand) Co., Ltd.			Thailand
Yum! Restaurants International Holdings LLC			Delaware
Yum! Restaurants International Limited			England and Wales
Yum! Restaurants International Ltd. & Co. Kommanditgesellschaft			Germany
Yum! Restaurants International Management LLC			Delaware
YUM! Restaurants International MENAPAK Consulting FZE			Dubai
Yum! Restaurants International, Inc.			Delaware
Yum! Restaurants International, S de RL de CV			Mexico
Yum! Restaurants Limited f/k/a Yum! MENAPAKT Limited			England and Wales
Yum! Restaurants Marketing Private Limited			India
Yumsop Pty Limited			Australia