Pizza Hut 2014 Annual Report Download - page 135
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PART II
ITEM 8 Financial Statements and Supplementary Data
Consolidated Balance Sheets
YUM! BRANDS, INC. AND SUBSIDIARIES
DECEMBER 27, 2014 AND DECEMBER 28, 2013
(in millions) 2014 2013
ASSETS
Current Assets
Cash and cash equivalents $ 578 $ 573
Accounts and notes receivable, net 325 319
Inventories 301 294
Prepaid expenses and other current assets 254 286
Deferred income taxes 93 123
Advertising cooperative assets, restricted 95 96
Total Current Assets 1,646 1,691
Property, plant and equipment, net 4,498 4,459
Goodwill 700 889
Intangible assets, net 318 638
Investments in unconsolidated affiliates 52 53
Other assets 560 566
Deferred income taxes 571 399
Total Assets $ 8,345 $ 8,695
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable and other current liabilities $ 1,972 $ 1,929
Income taxes payable 77 169
Short-term borrowings 267 71
Advertising cooperative liabilities 95 96
Total Current Liabilities 2,411 2,265
Long-term debt 3,077 2,918
Other liabilities and deferred credits 1,244 1,244
Total Liabilities 6,732 6,427
Redeemable noncontrolling interest 939
Shareholders’ Equity
Common Stock, no par value, 750 shares authorized; 434 shares and 443 shares issued in 2014 and 2013,
respectively ——
Retained earnings 1,737 2,102
Accumulated other comprehensive income (loss) (190) 64
Total Shareholders’ Equity – YUM! Brands, Inc. 1,547 2,166
Noncontrolling interests 57 63
Total Shareholders’ Equity 1,604 2,229
Total Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity $ 8,345 $ 8,695
See accompanying Notes to Consolidated Financial Statements.
YUM! BRANDS, INC. - 2014 Form 10-K 41
13MAR201516053226
Form 10-K