Pizza Hut 2008 Annual Report Download - page 197

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75
Note 9 – Property, Plant and Equipment, net
2008 2007
Land
$
517
$
548
Buildin
g
s and im
p
rovements 3
,
596 3
,
649
Ca
p
ital leases
,p
rimaril
y
buildin
g
s 259 284
Machiner
y
and e
q
ui
p
men
t
2
,
525 2
,
651
6
,
897 7
,
132
Accumulated de
p
reciation and amortization
(
3
,
187
)
(
3
,
283
)
$3
,
710 $ 3
,
849
Depreciation and amortization expense related to property, plant and equipment was $542 million, $514 million and $466
million in 2008, 2007 and 2006, respectively.
Note 10 – Goodwill and Intangible Assets
The changes in the carrying amount of goodwill are as follows:
U.S. YRI
China
Division Worldwide
Balance as of December 30, 2006 $ 367 $ 237 $ 58 $ 662
Acquisitions
—
—
—
—
Disposals and other, net(a) (9) 17 2 10
Balance as of December 29, 2007 $ 358 $ 254 $ 60 $ 672
Acquisitions 10
—
6 16
Disposals and other, net(b) (12) (71)
—
(83)
Balance as of December 27, 2008 $ 356 $ 183 $ 66 $ 605
(a) Disposals and other, net for YRI primarily reflects adjustments to the Pizza Hut U.K. goodwill allocation and
the impact of foreign currency translation on existing balances. Disposals and other, net for the U.S. Division,
primarily reflects goodwill write-offs associated with refranchising.
(b) Disposals and other, net for YRI primarily reflects the impact of foreign currency translation on existing
balances. Disposals and other, net for the U.S. Division, primarily reflects goodwill write-offs associated with
refranchising.
Form 10-K