Pizza Hut 2008 Annual Report Download - page 181

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59
Consolidated Statements of Shareholders’ Equity (Deficit) and Comprehensive Income (Loss)
YUM! Brands, Inc. and Subsidiaries
Fiscal years ended December 27, 2008, December 29, 2007 and December 30, 2006
(in millions, except per share data)
Issued Common Stock Retained
Accumulated
Other
Com
p
rehensive
Shares Amoun
t
Earnin
g
s Income
(
Loss
)
Total
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 im
p
act 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
Com
p
rehensive Income 905
Adjustment to initially apply SFAS No. 158 (net of tax impact of
$37 million
)
(67) (67)
Dividends declared on Common Stock
(
$0.43
p
er common share
)
(234)
(
234)
Re
p
urchase of shares of Common Stoc
k
(40) (287 ) (713)
(
1,000)
Employee stock option and SARs exercises (includes tax impact of
$
68 million
)
13 210 210
Com
p
ensation-related events
(
includes tax im
p
act of $3 million
)
1 77 77
Balance at December 30
,
2006 530 $
—
$ 1,608 $ (156) $ 1
,
452
Net income 909 909
Forei
g
n currenc
y
translation ad
j
ustment arisin
g
durin
g
the
p
eriod 93 93
Forei
g
n currenc
y
translation ad
j
ustment 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)
Com
p
rehensive Income 1
,
085
Ad
j
ustment to initiall
y
a
pp
l
y
FIN 48 (13)
(
13)
Dividends declared on Common Stock
(
$0.45
p
er common share
)
(231)
(
231)
Re
p
urchase of shares of Common Stoc
k
(42) (252) (1,154 )
(
1,406)
Employee stock option and SARs exercises (includes tax impact of
$69 million) 10 181 181
Com
p
ensation-related events
(
includes tax im
p
act of $5 million
)
1 71 71
Balance at December 29
,
2007 499 $
—
$ 1,119 $ 20 $ 1
,
139
Net income 964 964
Forei
g
n currenc
y
translation ad
j
ustment arisin
g
durin
g
the
p
eriod (198)
(
198)
Forei
g
n currenc
y
translation ad
j
ustment included in net income (25 )
(
25)
Pension and post-retirement benefit plans (net of tax impact of $114
million
)
(208) (208)
Net unrealized loss on derivative instruments (net of tax impact of
$
4 million
)
(7) (7)
Com
p
rehensive Income 526
Adjustment to change measurement date pursuant to SFAS 158 (net
of tax impact of $4 million) (7 ) (7
)
Dividends declared on Common Stock
(
$0.72
p
er common share
)
(339)
(
339)
Re
p
urchase of shares of Common Stoc
k
(47) (181) (1,434 )
(
1,615)
Employee stock option and SARs exercises (includes tax impact of
$
40 million
)
6 112 112
Com
p
ensation-related events
(
includes tax im
p
act of $6 million
)
1 76 76
Balance at December 27, 2008 459 $ 7 $ 303 $ (418) $ (108)
See accompanying Notes to Consolidated Financial Statements.
Form 10-K