Pizza Hut 2013 Annual Report Download - page 135

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YUM! BRANDS, INC.-2013 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 28, 2013, DECEMBER 29, 2012 AND DECEMBER 31, 2011
(in millions)
2013 2012 2011
Net income – including noncontrolling interests $ 1,064 $ 1,608 $ 1,335
Other comprehensive income (loss), net of tax:
Translation adjustments and gains (losses) from intra-entity transactions
of a long-term investment nature 10 27 88
Tax (expense) benefit (2) (3) 3
Reclassifications of currency translation adjustments into Net Income — 3 —
Tax expense (benefit) — — —
Net unrealized gains (losses) arising during the year on pension and
post-retirementplans 221 (19) (205)
Tax (expense) benefit (85) 9 77
Reclassification of pension and post-retirement losses to Net Income 83 156 34
Tax expense (benefit) (30) (57) (12)
Net unrealized gains (losses) on derivative instruments arising during the year 6 (6) (3)
Tax (expense) benefit (2) 2 1
Reclassification of derivative (gains) losses into Net Income (2) 6 4
Tax expense (benefit) 1 (2) (1)
Other comprehensive income (loss), net of tax 200 116 (14)
Comprehensive Income – including noncontrolling interests 1,264 1,724 1,321
Comprehensive Income (loss) – noncontrolling interests (23) 12 22
COMPREHENSIVE INCOME – YUM! BRANDS, INC. $ 1,287 $ 1,712 $ 1,299
See accompanying Notes to Consolidated Financial Statements.