Pizza Hut 2009 Annual Report Download - page 178
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87
Future minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth
below:
At December 26, 2009 and December 27, 2008, the present value of minimum payments under capital leases was $249
million and $234 million, respectively. At December 26, 2009 and December 27, 2008, unearned income associated with
direct financing lease receivables was $61 million and $63 million, respectively.
The details of rental expense and income are set forth below:
2009 2008 2007
Rental expense
Minimum $ 541 $ 531 $ 47
4
Contingent 123 113 81
$ 66
4
$ 64
4
$ 555
Minimum rental income $ 38 $ 28 $ 23
Commitments Lease Receivables
Capital
Operating
Direct
Financing
Operating
2010 $ 67 $ 535 $ 13 $ 50
2011 26 492 13 41
2012 25 446 13 35
2013 24 409 17 31
2014 24 369 16 28
Thereafter 243 2,424 72 118
$ 409 $ 4,675 $ 144 $ 303
Form 10-K