Pizza Hut 2014 Annual Report Download - page 133

Download and view the complete annual report

Please find page 133 of the 2014 Pizza Hut annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 176

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176

PART II
ITEM 8 Financial Statements and Supplementary Data
Consolidated Statements of Comprehensive
Income
YUM! BRANDS, INC. AND SUBSIDIARIES
FISCAL YEARS ENDED DECEMBER 27, 2014, DECEMBER 28, 2013 AND DECEMBER 29, 2012
(in millions) 2014 2013 2012
Net income – including noncontrolling interests $ 1,021 $ 1,064 $ 1,608
Other comprehensive income (loss), net of tax:
Translation adjustments and gains (losses) from intra-entity transactions of a long-term
investment nature
Adjustments and gains (losses) arising during the year (149) 10 27
Reclassifications of adjustments and (gains) losses into Net Income 2 — 3
(147) 10 30
Tax (expense) benefit 4 (2) (3)
(143) 8 27
Changes in pension and post-retirement benefits
Unrealized gains (losses) arising during the year (209) 221 (19)
Reclassification of (gains) losses into Net Income 27 83 156
(182) 304 137
Tax (expense) benefit 69 (115) (48)
(113) 189 89
Changes in derivative instruments
Unrealized gains (losses) arising during the year 23 6 (6)
Reclassification of (gains) losses into Net Income (23) (2) 6
—4—
Tax (expense) benefit —(1)—
—3—
Other comprehensive income (loss), net of tax (256) 200 116
Comprehensive Income – including noncontrolling interests 765 1,264 1,724
Comprehensive Income (loss) – noncontrolling interests (32) (23) 12
Comprehensive Income – Yum! Brands, Inc. $ 797 $ 1,287 $ 1,712
See accompanying Notes to Consolidated Financial Statements.
YUM! BRANDS, INC. - 2014 Form 10-K 39
13MAR201516053226
Form 10-K