Pizza Hut 2012 Annual Report Download - page 144
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YUM! BRANDS, INC.-2012 Form10-K 52
Form 10-K
PART II
ITEM 8Financial Statements andSupplementaryData
Property, Plant and Equipment 2012 2011
Land $ 469 $ 527
Buildings and improvements 4,093 3,856
Capital leases, primarily buildings 200 316
Machinery and equipment 2,627 2,568
Property, Plant and equipment, gross 7,389 7,267
Accumulated depreciation and amortization (3,139) (3,225)
PROPERTY, PLANT AND EQUIPMENT, NET $ 4,250 $ 4,042
Depreciation and amortization expense related to property, plant and equipment was $629million, $599million and $565million in 2012, 2011 and
2010, respectively.
Accounts Payable and Other Current Liabilities 2012 2011
Accounts payable $ 684 $ 712
Accrued capital expenditures 264 229
Accrued compensation and benefi ts 487 440
Dividends payable 151 131
Accrued taxes, other than income taxes 103 112
Other current liabilities 256 250
$ 1,945 $ 1,874
NOTE9 Goodwill and Intangible Assets
The changes in the carrying amount of goodwill are as follows:
China YRI U.S. India Worldwide
Balance as of December25, 2010
Goodwill, gross $ 85 $ 269 $ 348 $ — $ 702
Accumulated impairment losses — (17) (26) — (43)
Goodwill, net 85 252 322 — 659
Acquisitions(a) — 32 — — 32
Disposals and other, net(b) 3 (2) (11) — (10)
Balance as of December31, 2011(c)
Goodwill, gross 88 299 311 — 698
Accumulated impairment losses — (17) — — (17)
Goodwill, net 88 282 311 — 681
Acquisitions(d) 376 — — — 376
Disposals and other, net(b) 2 (11) (14) — (23)
Balance as of December29, 2012
Goodwill, gross 466 288 297 — 1,051
Accumulated impairment losses — (17) — — (17)
GOODWILL, NET $ 466 $ 271 $ 297 $ — $ 1,034
(a) We recorded goodwill in our YRI segment related to the acquisition of 68 stores in South Africa. See Note4.
(b) Disposals and other, net includes the impact of foreign currency translation on existing balances and goodwill write-offs associated with refranchising.
(c) As a result of the LJS and A&W divestitures in 2011, we disposed of $26million of goodwill assigned to our LJS and A&W reporting unit that was previously fully impaired. Goodwill that was
assigned to our KFC U.S. and Taco Bell U.S. reporting units upon the acquisition of LJS and A&W and that has not been previously included in the carrying amounts of restaurants disposed
of was not impaired, totals approximately $130million and remains on our Consolidated Balance Sheet at December29, 2012.
(d) We recorded goodwill of $376million related to our acquisition of Little Sheep. See Note4.