Pizza Hut 2008 Annual Report Download - page 214
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92
Note 18 – Shareholders’ Equity
Under the authority of our Board of Directors, we repurchased shares of our Common Stock during 2008, 2007 and 2006.
All amounts exclude applicable transaction fees.
Shares Repurchased
(
thousands
)
Dollar Value of Shares
Repurchased
Authorization Date 2008 2007 2006 2008 2007 2006
January 2008 23,943
—
—
$ 802 $
—
$
—
October 2007 22,875 11,431
—
813 437
—
March 2007
—
15,092
—
—
50
0
—
September 2006
—
15,27
4
1,056
—
469 31
March 2006
—
—
20,145
—
—
50
0
November 2005
—
—
19,128
—
—
469
Total 46,818 41,797 40,329 $ 1,615(a) $1,40
6
(b) $ 1,00
0
(c)
(a) Amount excludes the effect of $13 million in share repurchases (0.4 million shares) with trade dates prior to the
2007 fiscal year end but cash settlement dates subsequent to the 2007 fiscal year end.
(b) Amounts excludes the effects of $17 million in share repurchases (0.6 million shares) with trade dates prior to
the 2006 fiscal year end but cash settlement dates subsequent to the 2006 fiscal year end and includes the effect
of $13 million in share repurchases (0.4 million shares) with trade dates prior to the 2007 fiscal year end but cash
settlement dates subsequent to the 2007 fiscal year.
(c) Amount includes effects of $17 million in share repurchases (0.6 million shares) with trade dates prior to the
2006 fiscal year end but cash settlement dates subsequent to the 2006 fiscal year end.
Accumulated Other Comprehensive Income (Loss) – Comprehensive income is net income plus certain other items that
are recorded directly to shareholders’ equity. Amounts included in other accumulated comprehensive loss for the
Company’s derivative instruments and unrecognized pension and post retirement losses are recorded net of the related
income tax effects. Refer to Note 15 for additional information about our pension accounting and Note 14 for additional
information about our derivative instruments. The following table gives further detail regarding the composition of other
accumulated comprehensive income (loss) at December 27, 2008 and December 29, 2007.
2008 2007
Foreign currency translation adjustment $ (129) $ 94
Pension and post retirement losses, net of tax (272) (64)
Net unrealized losses on derivative instruments, net of tax (17) (10)
Total accumulated other comprehensive income (loss) $ (418) $ 20
Form 10-K