Pizza Hut 2007 Annual Report Download - page 55

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59
Consolidated Balance Sheets
YUM! Brands, Inc. and Subsidiaries
December 29, 2007 and December 30, 2006
(in millions) 2007 2006
ASSETS
Current Assets
Cash and cash equivalents $ 789 $ 319
Accounts and notes receivable, less allowance: $21 in 2007 and $18 in 2006 225 220
Inventories 128 93
Prepaid expenses and other current assets 142 138
Deferred income taxes 125 57
Advertising cooperative assets, restricted 72 74
Total Current Assets 1,481 901
Property, plant and equipment, net 3,849 3,631
Goodwill 672 662
Intangible assets, net 333 347
Investments in unconsolidated affiliates 153 138
Other assets 464 369
Deferred income taxes 290 320
Total Assets $ 7,242 $ 6,368
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable and other current liabilities $ 1,650 $ 1,386
Income taxes payable 52 37
Short-term borrowings 288 227
Advertising cooperative liabilities 72 74
Total Current Liabilities 2,062 1,724
Long-term debt 2,924 2,045
Other liabilities and deferred credits 1,117 1,147
Total Liabilities 6,103 4,916
Shareholders’ Equity
Preferred stock, no par value, zero shares and 250 shares authorized in 2007 and 2006,
respectively; no shares issued ——
Common Stock, no par value, 750 shares authorized; 499 shares and 530 shares
issued in 2007 and 2006, respectively ——
Retained earnings 1,119 1,608
Accumulated other comprehensive income (loss) 20 (156)
Total Shareholders’ Equity 1,139 1,452
Total Liabilities and Shareholders’ Equity $ 7,242 $ 6,368
See accompanying Notes to Consolidated Financial Statements.