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64
Consolidated Statements of Shareholders’ Equity (Deficit) and Comprehensive Income (Loss)
YUM! Brands, Inc. and Subsidiaries
Fiscal years ended December 26, 2009, December 27, 2008 and December 29, 2007
(in millions, except per share data)
Yum! Brands, Inc.
Issued Common Stock
Retained
Accumulated
Other
Com
p
rehensive
Noncontrolling
Shares Amount Earnin
g
s Income
(
Loss
)
Interest Total
Balance at December 30
,
2006 530 $ — $ 1,608 $ (156 ) $ — $ 1
,
45
2
Net Income 909 90
9
Forei
g
n currenc
y
translation ad
j
ustment 9 3 93
Foreign currency translation adjustment
included in Net Income 1
1
Pension and post-retirement benefit plans (net
of tax im
p
act of $55 million
)
9 6
9
6
Net unrealized loss on derivative instruments
(net of tax impact of $8 million) ( 1 4 )
(1
4
)
Com
p
rehensive Income 1
,
085
Adjustment for change in accounting for
uncertaint
y
in income taxes ( 1 3
)
(13)
Dividends declared ( 2 3 1
)
(
231)
Re
p
urchase of shares of Common Stock (42 ) (252 ) (1,154
)
(
1,40
6
)
Employee stock option and SARs exercises
(
includes tax im
p
act of $69 million
)
10 181
181
Compensation-related events (includes tax
im
p
act of $5 million
)
1 71
71
Balance at December 29
,
2007 499 $ — $ 1,119 $ 20 $ — $ 1
,
13
9
Net Income 964 8 972
Foreign currency translation adjustment (198 ) (198)
Foreign currency translation adjustment
included in Net Income (25 )
(25)
Pension and post-retirement benefit plans (net
of tax im
p
act of $114 million
)
( 2 0 8 )
(208)
Net unrealized loss on derivative instruments
(
net of tax im
p
act of $4 million
)
(7 )
(7)
Com
p
rehensive Income 53
4
Consolidation of a former unconsolidated
affiliate 1 2
12
Adjustment to change pension plans
measurement dates (net of tax impact of $4
million)
(7 )
(7)
Dividends declared (339 ) (6 )
(
345)
Re
p
urchase of shares of Common Stock (47 ) (181 ) (1,434 )
(
1
,
615)
Employee stock option and SARs exercises
(
includes tax im
p
act of $40 million
)
6 112
112
Compensation-related events (includes tax
impact of $6 million) 1 76
7
6
Balance at December 27, 2008 459 $ 7 $ 303 $ (418 ) $ 14 $ (94)
Net Income 1,071 12 1,083
Forei
g
n currenc
y
translation ad
j
ustment 1 7 6 17
6
Pension and post-retirement benefit plans (net
of tax im
p
act of $9 million
)
1 3
13
Net unrealized gain on derivative instruments
(
net of tax im
p
act of $3 million
)
5
5
Com
p
rehensive Income 1,27
7
Purchase of subsidiary shares from
noncontrolling interest 70
70
Dividends declared (378 ) (7 )
(
385)
Employee stock option and SARs exercises
(includes tax impact of $57 million) 10 168
168
Compensation-related events (includes tax
im
p
act of $2 million
)
—
7 8
78
Balance at December 26, 2009 469 $ 253 $ 996 $ (224 ) $ 89 $ 1,11
4
See accompanying Notes to Consolidated Financial Statements.
Form 10-K