Pizza Hut 2010 Annual Report Download - page 183

86
(c) Disposals and other, net includes the impact of foreign currency translation on existing balances and goodwill
write-offs associated with refranchising.
(d) We recorded goodwill in our International segment related to the July 1, 2010 exercise of our option with our
Russian partner to purchase their interest in the co-branded Rostik’s-KFC restaurants across Russia and the
Commonwealth of Independent States. See Note 4.
Intangible assets, net for the years ended 2010 and 2009 are as follows:
2010 2009
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Definite-lived intangible assets
Franchise contract rights $ 163 $ (83
)
$ 153 $ (78)
Trademarks/brands 234 (57
)
225 (48)
Lease tenancy rights 56 (12
)
66 (24)
Favorable operating leases 27 (10
)
27 (8)
Reacquired franchise rights 143 (20
)
121 (8
)
Other 5 (2
)
7 (2)
$ 628 $ (184
)
$ 599 $ (168)
Indefinite-lived intangible assets
Trademarks/brands $ 31 $ 31
Amortization expense for all definite-lived intangible assets was $29 million in 2010, $25 million in 2009 and $18 million
in 2008. Amortization expense for definite-lived intangible assets will approximate $28 million annually in 2011 and
2012, $26 million in 2013, $24 million in 2014 and $23 million in 2015.
Form 10-K