Pizza Hut 2009 Annual Report Download - page 135
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44
Worldwide Other (Income) Expense
2009 2008 2007
Equity income from investments in unconsolidated affiliates $ (36
)
$ (41 ) $ (51 )
Gain upon consolidation of a former unconsolidated affiliate in China(a) (68
)
—
—
Gain upon sale of investment in unconsolidated affiliate(b)(c)
—
(100 ) (6 )
Wrench litigation income(d)
—
—
(11 )
Foreign exchange net (gain) loss and other — (16 ) (3 )
Other (income) expense $ (104
)
$ (157 ) $ (71 )
(a) See Note 5 for further discussion of the consolidation of a former unconsolidated affiliate.
(b) Fiscal year 2008 reflects the gain recognized on the sale of our interest in our unconsolidated affiliate in Japan.
See Note 5.
(c) Fiscal year 2007 reflects recognition of income associated with receipt of payment for a note receivable arising
from the 2005 sale of our fifty percent interest in the entity that operated almost all KFCs and Pizza Huts in
Poland and the Czech Republic to our then partner in the entity.
(d) Fiscal year 2007 reflects financial recoveries from settlements with insurance carriers related to a lawsuit settled
b
y Taco Bell Corporation in 2004.
Worldwide Closure and Impairment Expenses and Refranchising (Gain) Loss
See the Store Portfolio Strategy section for more detail of our refranchising activity and Notes 5 and 10 for a summary of
the components of facility actions and goodwill impairments by reportable operating segment, respectively.
Form 10-K