Pizza Hut 2010 Annual Report Download - page 187
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90
Future minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth
below:
At December 25, 2010 and December 26, 2009, the present value of minimum payments under capital leases was $236
million and $249 million, respectively. At December 25, 2010 and December 26, 2009, unearned income associated with
direct financing lease receivables was $50 million and $61 million, respectively.
The details of rental expense and income are set forth below:
2010 2009 2008
Rental expense
Minimum $ 565 $ 541 $ 531
Contingent 158 123 113
$ 723 $ 66
4
$ 64
4
Minimum rental income $ 4
4
$ 38 $ 28
Commitments Lease Receivables
Capital
Operating
Direct
Financing
Operating
2011 $ 26 $ 550 $ 12 $ 49
2012 63 514 12 42
2013 23 483 17 38
2014 23 447 16 37
2015 23 405 13 34
Thereafter 222 2,605 58 151
$ 380 $ 5,004 $ 128 $ 351
Form 10-K