Pizza Hut 2007 Annual Report Download - page 56

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60 YUM! BRANDS, INC.
Consolidated Statements of Shareholders’ Equity
and Comprehensive Income
YUM! Brands, Inc. and Subsidiaries
Accumulated
Fiscal years ended December 29, 2007, Other
December 30, 2006 and December 31, 2005 Issued Common Stock Retained Comprehensive
(in millions, except per share data) Shares Amount Earnings Income (Loss) Total
Balance at December 25, 2004 581 $ 659 $ 1,074 $ (131) $ 1,602
Net income 762 762
Foreign currency translation adjustment arising during
the period (31) (31)
Foreign currency translation adjustment included in
net income 6 6
Minimum pension liability adjustment (net of tax impact
of $8 million) (15) (15)
Net unrealized gain on derivative instruments (net of
tax impact of $1 million) 1 1
Comprehensive Income 723
Dividends declared on Common Stock ($0.2225 per
common share) (129) (129)
China December 2004 net income 6 6
Repurchase of shares of Common Stock (43) (974) (82) (1,056)
Employee stock option exercises (includes tax impact
of $94 million) 17 242 242
Compensation-related events (includes tax impact
of $5 million) 1 73 73
Balance at December 31, 2005 556 $ — $ 1,631 $ (170) $ 1,461
Adjustment to initially apply SAB No. 108 100 100
Net income 824 824
Foreign currency translation adjustment arising during
the period (includes tax impact of $13 million) 59 59
Minimum pension liability adjustment (net of tax impact
of $11 million) 17 17
Net unrealized gain on derivative instruments
(net of tax impact of $3 million) 5 5
Comprehensive Income 905
Adjustment to initially apply SFAS No. 158 (net of tax
impact of $37 million) (67) (67)
Dividends declared on Common Stock
($0.4325 per common share) (234) (234)
Repurchase of shares of Common Stock (40) (287) (713) (1,000)
Employee stock option and SARs exercises
(includes tax impact of $68 million) 13 210 210
Compensation-related events (includes tax impact
of $3 million) 1 77 77
Balance at December 30, 2006 530 $ — $ 1,608 $ (156) $ 1,452
Net income 909 909
Foreign currency translation adjustment arising during
the period 93 93
Foreign currency translation adjustment included in
net income 1 1
Pension and post-retirement benefit plans (net of tax
impact of $55 million) 96 96
Net unrealized loss on derivative instruments (net of
tax impact of $8 million) (14) (14)
Comprehensive Income 1,085
Adjustment to initially apply FIN 48 (13) (13)
Dividends declared on Common Stock
($0.45 per common share) (231) (231)
Repurchase of shares of Common Stock (42) (252) (1,154) (1,406)
Employee stock option and SARs exercises
(includes tax impact of $69 million) 10 181 181
Compensation-related events (includes tax impact
of $5 million) 1 71 71
Balance at December 29, 2007 499 $ — $ 1,119 $ 20 $ 1,139
See accompanying Notes to Consolidated Financial Statements.