Pizza Hut 2000 Annual Report Download - page 45

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TRICON GLOBAL RESTAURANTS, INC. AND SUBSIDIARIES 43
Accumulated
Other
Issued Common Stock Accumulated Comprehensive
(in millions) Shares Amount Deficit Income Total
Balance at December 27, 1997 152 $1,271 $(2,763) $(128) $(1,620)
Net income 445 445
Foreign currency translation adjustment (20) (20)
Minimum pension liability adjustment
(includes tax of $1 million) (2) (2)
Comprehensive Income 423
Adjustment to opening equity related to
net advances from PepsiCo 12 12
Stock option exercises
(includes tax benefits of $3 million) 122 22
Balance at December 26, 1998 153 $1,305 $(2,318) $(150) $(1,163)
Net income 627 627
Foreign currency translation adjustment 15 15
Minimum pension liability adjustment
(includes tax of $1 million) 22
Comprehensive Income 644
Adjustment to opening equity related to
net advances from PepsiCo 77
Repurchase of shares of common stock (3) (134) (134)
Stock option exercises
(includes tax benefits of $14 million) 139 39
Compensation-related events 47 47
Balance at December 25, 1999 151 $1,264 $(1,691) $(133) $÷«(560)
Net income 413 413
Foreign currency translation adjustment (44) (44)
Comprehensive Income 369
Repurchase of shares of common stock (6) (216) (216)
Stock option exercises
(includes tax benefits of $5 million) 246 46
Compensation-related events 39 39
Balance at December 30, 2000 147 $1,133 $(1,278) $(177) $÷«(322)
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Shareholders’ Deficit
and Comprehensive Income
Fiscal years ended December 30, 2000, December 25, 1999 and December 26, 1998