Pizza Hut 2003 Annual Report Download - page 53

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Yum! Brands Inc. 51.Consolidated Statements of Shareholders’ Equity (Deficit)
and Comprehensive Income
Fiscal years ended December 27, 2003, December 28, 2002 and December 29, 2001
Retained Accumulated
Earnings Other
Issued Common Stock (Accumulated Comprehensive
(in millions) Shares Amount Deficit) Income (Loss) Total
Balance at December 30, 2000 294 $ 1,133 $ (1,278) $ (177) $ (322)
Net income 492 492
Foreign currency translation adjustment (5) (5)
Net unrealized loss on derivative instruments
(net of tax benefits of $1 million) (1) (1)
Minimum pension liability adjustment
(net of tax benefits of $14 million) (24) (24)
Comprehensive Income 462
Repurchase of shares of common stock (5) (100) (100)
Employee stock option exercises
(includes tax benefits of $13 million) 4 58 58
Compensation-related events 6 6
Balance at December 29, 2001 293 $ 1,097 $ (786) $ (207) $ 104
Net income 583 583
Foreign currency translation adjustment 6 6
Net unrealized loss on derivative instruments
(net of tax benefits of $1 million) (1) (1)
Minimum pension liability adjustment
(net of tax benefits of $29 million) (47) (47)
Comprehensive Income 541
Repurchase of shares of common stock (8) (228) (228)
Employee stock option exercises
(includes tax benefits of $49 million) 9 174 174
Compensation-related events 3 3
Balance at December 28, 2002 294 $ 1,046 $ (203) $ (249) $ 594
Net income 617 617
Foreign currency translation adjustment
arising during the period 67 67
Foreign currency translation adjustment
included in net income 2 2
Minimum pension liability adjustment
(net of tax benefits of $18 million) (30) (30)
Comprehensive Income 656
Repurchase of shares of common stock (9) (278) (278)
Employee stock option exercises
(includes tax benefits of $26 million) 7 136 136
Compensation-related events 12 12
Balance at December 27, 2003 292 $ 916 $ 414 $ (210) $ 1,120
See accompanying Notes to Consolidated Financial Statements.