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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                                  July 19, 2006
                         Commission file number 1-13163
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                                YUM! BRANDS, INC.
             (Exact name of registrant as specified in its charter)

          North Carolina                                   13-3951308
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   (State or other jurisdiction                          (IRS Employer
  of incorporation or organization)                    Identification No.)


         1441 Gardiner Lane, Louisville, Kentucky              40213
         (Address of principal executive offices)           (Zip Code)


       Registrant's telephone number, including area code: (502) 874-8300


        Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

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Section 2 - Financial Information

     Item 2.02  Results of Operations and Financial Condition

     On July 19, 2006, YUM! Brands, Inc. issued a press release announcing
     financial results for the quarter ended June 17, 2006. A copy of the press
     release is attached hereto as Exhibit 99.1.


Section 8 - Other Events

     Item 8.01  Other Events

     On July 19, 2006, YUM! Brands, Inc. updated its full year 2006 guidance. A
     copy of the guidance is attached hereto as Exhibit 99.2.


Section 9 -  Financial Statements and Exhibits

     Item 9.01  Financial Statements and Exhibits

     (c) Exhibits
     99.1 Earnings Press Release dated July 19, 2006 from YUM! Brands, Inc.
     99.2 Guidance Update dated July 19, 2006 from YUM! Brands, Inc.





                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                               YUM! BRANDS, INC.
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                                                 (Registrant)



Date: July 19, 2006                            /s/ Ted F. Knopf
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                                               Senior Vice President of Finance
                                               and Corporate Controller
                                              (Principal Accounting Officer)