Pizza Hut 2008 Annual Report Download - page 180
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58
Consolidated Balance Sheets
YUM! Brands, Inc. and Subsidiaries
December 27, 2008 and December 29, 2007
(in millions)
2008 2007
ASSETS
Current Assets
Cash and cash e
q
uivalents $ 216 $ 789
Accounts and notes receivable
,
less allowance: $23 in 2008 and $21 in 2007 229 225
Inventories 143 128
Pre
p
aid ex
p
enses and other current assets 172 142
Deferred income taxes 81 125
Advertisin
g
coo
p
erative assets
,
restric
t
ed 110 72
Total Current Assets 951 1
,
481
Pro
p
ert
y
,
p
lant and e
q
ui
p
ment, ne
t
3,710 3,849
Goodwill 605 672
Intangible assets, ne
t
335 354
Investments in unconsolidated affiliates 65 153
Other assets 561 443
Deferred income taxes 300 236
Total Assets $ 6,527 $ 7,188
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts
p
a
y
able and other current liabilities $ 1
,
473 $ 1
,
650
Income taxes
p
a
y
able 114 52
Shor
t
-term borrowin
g
s 25 288
Advertisin
g
coo
p
erative liabilities 110 72
Total Current Liabilities 1,722 2,062
Long-term debt 3,564 2,924
Other liabilities and deferred credits 1
,
349 1
,
063
Total Liabilities 6,635 6,049
Shareholders’ E
q
uit
y
(
Deficit
)
Common Stock, no par value, 750 shares authorized; 459 shares and 499
shares issued in 2008 and 2007, respectively 7
—
Retained earnings 303 1,119
Accumulated other comprehensive income (loss) (418) 20
Total Shareholders’ Equity (Deficit) (108) 1,139
Total Liabilities and Shareholders’ Equity (Deficit) $ 6,527 $ 7,188
See accompanying Notes to Consolidated Financial Statements.
Form 10-K