Wendy's 2013 Annual Report Download - page 29

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Wendy’s
Country/Territory Company Franchise
Argentina ................................................................... — 3
Aruba ...................................................................... — 4
Bahamas .................................................................... — 11
Costa Rica .................................................................. — 12
Curacao .................................................................... — 1
Dominican Republic .......................................................... — 8
El Salvador .................................................................. — 17
Georgia .................................................................... — 1
Grand Cayman Islands ......................................................... — 2
Guam ...................................................................... — 4
Guatemala .................................................................. — 12
Honduras ................................................................... — 34
Indonesia ................................................................... — 27
Jamaica .................................................................... — 5
Japan ...................................................................... — 3
Malaysia .................................................................... — 9
Mexico ..................................................................... — 24
New Zealand ................................................................ — 20
Panama .................................................................... — 8
Philippines .................................................................. — 39
Puerto Rico ................................................................. — 77
Russian Federation ............................................................ — 8
Singapore ................................................................... — 11
Trinidad and Tobago .......................................................... — 5
United Arab Emirates ......................................................... — 17
Venezuela ................................................................... — 35
U. S. Virgin Islands ........................................................... — 2
International subtotal ........................................................ — 399
Grand total ............................................................. 1,183 5,374
Item 3. Legal Proceedings.
We are involved in litigation and claims incidental to our current and prior businesses. We provide accruals for
such litigation and claims when payment is probable and reasonably estimable. The Company believes it has adequate
accruals for continuing operations for all of its legal and environmental matters. We cannot estimate the aggregate
possible range of loss due to most proceedings being in preliminary stages, with various motions either yet to be
submitted or pending, discovery yet to occur, and significant factual matters unresolved. In addition, most cases seek
an indeterminate amount of damages and many involve multiple parties. Predicting the outcomes of settlement
discussions or judicial or arbitral decisions is thus inherently difficult. Based on our currently available information,
including legal defenses available to us, and given the aforementioned accruals and our insurance coverage, we do not
believe that the outcome of these legal and environmental matters will have a material effect on our consolidated
financial position or results of operations.
Item 4. Mine Safety Disclosures.
Not applicable.
25