Pizza Hut 2015 Annual Report Download - page 144

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YUM! BRANDS, INC.-2015 Form10-K36
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 26, 2015, DECEMBER 27, 2014 AND DECEMBER 28, 2013
(in millions)
2015 2014 2013
Net income – including noncontrolling interests $ 1,298 $ 1,021 $ 1,064
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 (259) (149) 10
Reclassifications of adjustments and (gains) losses into Net Income 115 2 —
(144) (147) 10
Tax (expense) benefit — 4 (2)
(144) (143) 8
Changes in pension and post-retirement benefits
Unrealized gains (losses) arising during the year 101 (209) 221
Reclassification of (gains) losses into Net Income 53 27 83
154 (182) 304
Tax (expense) benefit (57) 69 (115)
97 (113) 189
Changes in derivative instruments
Unrealized gains (losses) arising during the year 32 23 6
Reclassification of (gains) losses into Net Income (41) (23) (2)
(9) — 4
Tax (expense) benefit 1 — (1)
(8) — 3
Other comprehensive income (loss), net of tax (55) (256) 200
Comprehensive Income – including noncontrolling interests 1,243 765 1,264
Comprehensive Income (loss) – noncontrolling interests (1) (32) (23)
Comprehensive Income – Yum! Brands, Inc. $ 1,244 $ 797 $ 1,287
See accompanying Notes to Consolidated Financial Statements.