Pizza Hut 2009 Annual Report Download - page 169

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78
Facility Actions
Refranchising (gain) loss, Store closure (income) costs and Store impairment charges by reportable segment are as
follows:
2009
U.S.
YRI
China
Division Worldwide
Refranchising (gain) loss(a) $ (34 ) $
—
$ 8 $ (26)
Store closure (income) costs(b) $ 13 $ (1 ) $ (3 ) $ 9
Store impairment charges(c) 33 19 16 68
Closure and impairment (income) expenses(d) $ 46 $ 18 $ 13 $ 77
2008
U.S. YRI
China
Division Worldwide
Refranchising (gain) loss(a) $ 5 $ (9 ) $ (1 ) $ (5 )
Store closure (income) costs(b) $ (4 ) $ (6 ) $ (2 ) $ (12 )
Store impairment charges 34 11 10 55
Closure and impairment (income) expenses $ 30 $ 5 $ 8 $ 43
2007
U.S. YRI
China
Division Worldwide
Refranchising (gain) loss(a) $ (12) $ 3 $ (2) $ (11)
Store closure (income) costs(b) $ (9) $ 1 $
—
$ (8)
Store impairment charges 23 13 7 43
Closure and impairment (income) expenses $ 14 $ 14 $ 7 $ 35
(a) Refranchising (gain) loss is not allocated to segments for performance reporting purposes. During 2009 we
recognized a $10 million refranchising loss as a result of our decision to offer to refranchise our KFC Taiwan equit
y
market. The sale of the market was consummated in the first quarter of 2010.
(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 operatin
g
lease and subsequent adjustments to those reserves and other facility-related expenses from previously closed stores.
(c) The 2009 store impairment charges for YRI include $12 million of goodwill impairment for our Pizza Hut Sout
h
Korea market. See Note 10.
(d) An additional $26 million of goodwill impairment related to our LJS and A&W-U.S. businesses was not allocated to
segments for performance reporting purposes and is not included in this table. See Note 10.
Form 10-K