Pizza Hut 2001 Annual Report Download - page 42

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40 TRICON GLOBAL RESTAURANTS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
December 29, 2001 and December 30, 2000
(in millions) 2001 2000
ASSETS
Current Assets
Cash and cash equivalents $ 110 $ 133
Short-term investments, at cost 35 63
Accounts and notes receivable, less allowance: $77 in 2001
and $82 in 2000 175 302
Inventories 56 47
Prepaid expenses and other current assets 92 68
Deferred income tax assets 79 75
Total Current Assets 547 688
Property, plant and equipment, net 2,777 2,540
Intangible assets, net 458 419
Investments in unconsolidated affiliates 213 257
Other assets 393 245
Total Assets $ 4,388 $ 4,149
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts payable and other current liabilities $ 995 $ 978
Income taxes payable 114 148
Short-term borrowings 696 90
Total Current Liabilities 1,805 1,216
Long-term debt 1,552 2,397
Other liabilities and deferred credits 927 848
Deferred income taxes —10
Total Liabilities 4,284 4,471
Shareholders’ Equity (Deficit)
Preferred stock, no par value, 250 shares authorized; no shares issued ——
Common stock, no par value, 750 shares authorized; 146 and 147 shares
issued in 2001 and 2000, respectively 1,097 1,133
Accumulated deficit (786) (1,278)
Accumulated other comprehensive income (loss) (207) (177)
Total Shareholders’ Equity (Deficit) 104 (322)
Total Liabilities and Shareholders’ Equity (Deficit) $ 4,388 $ 4,149
See accompanying Notes to Consolidated Financial Statements.