Pizza Hut 2013 Annual Report Download - page 137

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YUM! BRANDS, INC.-2013 Form10-K 41
Form 10-K
PART II
ITEM 8Financial Statements andSupplementaryData
Consolidated Balance Sheets
YUM! BRANDS, INC. AND SUBSIDIARIES
DECEMBER 28, 2013 AND DECEMBER 29, 2012
(in millions)
2013 2012
ASSETS
Current Assets
Cash and cash equivalents $ 573 $ 776
Accounts and notes receivable, net 319 301
Inventories 294 313
Prepaid expenses and other current assets 286 272
Deferred income taxes 123 127
Advertising cooperative assets, restricted 96 136
Total Current Assets 1,691 1,925
Property, plant and equipment, net 4,459 4,250
Goodwill 889 1,034
Intangible assets, net 638 690
Investments in unconsolidated affiliates 53 72
Other assets 566 575
Deferred income taxes 399 467
TOTAL ASSETS $ 8,695 $ 9,013
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable and other current liabilities $ 1,929 $ 2,036
Income taxes payable 169 97
Short-term borrowings 71 10
Advertising cooperative liabilities 96 136
Total Current Liabilities 2,265 2,279
Long-term debt 2,918 2,932
Other liabilities and deferred credits 1,244 1,490
Total Liabilities 6,427 6,701
Redeemable noncontrolling interest 39 59
Shareholders’ Equity
Common Stock, no par value, 750 shares authorized; 443 shares and 451 shares issued in 2013 and 2012,
respectively — —
Retained earnings 2,102 2,286
Accumulated other comprehensive income (loss) 64 (132)
Total Shareholders’ Equity – YUM! Brands, Inc. 2,166 2,154
Noncontrolling interests 63 99
Total Shareholders’ Equity 2,229 2,253
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS’ EQUITY $ 8,695 $ 9,013
See accompanying Notes to Consolidated Financial Statements.