Pizza Hut 2012 Annual Report Download - page 131

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YUM! BRANDS, INC.-2012 Form10-K 39
Form 10-K
PART II
ITEM 8Financial Statements andSupplementaryData
Consolidated Statements of Comprehensive Income
YUM! BRANDS, INC. AND SUBSIDIARIES
FISCAL YEARS ENDED DECEMBER29, 2012, DECEMBER31, 2011 AND DECEMBER25, 2010
(in millions)
Year Ended
2012 2011 2010
Net income - including noncontrolling interests $ 1,608 $ 1,335 $ 1,178
Other comprehensive income, net of tax:
Translation adjustments and gains (losses) from intra-entity transactions
of a long- term investment nature 27 88 7
Tax (expense) benefi t (3) 3 5
Reclassifi cations of currency translation adjustments into Net income 3 — —
Tax (expense) benefi t — — —
Net unrealized losses arising during the year on pension and post-retirement plans (19) (205) (48)
Tax (expense) benefi t 9 77 18
Reclassifi cation of pension and post-retirement losses to net income 156 34 28
Tax (expense) benefi t (57) (12) (8)
Net unrealized gain (loss) on derivative instruments — 1 (2)
Tax (expense) benefi t — — 1
Other comprehensive income, net of tax 116 (14) 1
Comprehensive income - including noncontrolling interests 1,724 1,321 1,179
Comprehensive income - noncontrolling interests 12 22 24
COMPREHENSIVE INCOME - YUM! BRANDS, INC. $ 1,712 1,299 $ 1,155
See accompanying Notes to Consolidated Financial Statements.