Pizza Hut 2008 Annual Report Download - page 194
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72
Facility Actions
Refranchising (gain) loss, Store closure (income) costs and Store impairment charges by reportable segment are as
follows:
2008 2007 2006
U.S.
Refranchising (gain) loss(a) $ 5 $ (12) $ (20)
Store closure (income) costs(b) (4) (9) (1)
Store impairment charges 34 23 38
Closure and impairment (income) expenses $ 30 $ 14 $ 37
YRI
Refranchising (gain) loss(a) $ (9) $ 3 $ (4)
Store closure (income) costs(b) (6) 1 1
Store impairment charges 11 13 15
Closure and impairment (income) expenses $ 5 $ 14 $ 16
China Division
Refranchising (gain) loss(a) $(1) $(2) $
—
Store closure (income) costs(b) (2)
—
(1)
Store impairment charges 10 7 7
Closure and impairment (income) expenses $ 8 $ 7 $ 6
Worldwide
Refranchising (gain) loss(a) $ (5) $ (11) $ (24)
Store closure (income) costs(b) (12) (8) (1)
Store impairment charges 55 43 60
Closure and impairment (income) expenses $ 43 $ 35 $ 59
(a) Refranchising (gain) loss is not allocated to segments for performance reporting purposes.
(b) Store closure (income) costs include the net gain or loss on sales of real estate on which we formerly operated a
Company restaurant that was closed, lease reserves established when we cease using a property under an
operating lease and subsequent adjustments to those reserves, and other facility-related expenses from previously
closed stores.
Form 10-K