Taco Bell 2012 Annual Report Download - page 134
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Please find page 134 of the 2012 Taco Bell 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.YUM! BRANDS, INC.-2012 Form10-K 42
Form 10-K
PART II
ITEM 8Financial Statements andSupplementaryData
Consolidated Statements
of Shareholders’ Equity (Defi cit)
YUM! BRANDS, INC. AND SUBSIDIARIES
FISCAL YEARS ENDED DECEMBER29, 2012, DECEMBER31, 2011 AND DECEMBER25, 2010
(in millions)
Yum! Brands, Inc.
Noncontrolling
Interests Total
Issued Common
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)Shares Amount
Balance at December26, 2009 469 $ 253 $ 996 $ (224) $ 89 $ 1,114
Net income 1,158 20 1,178
Translation adjustments and gains (losses) from intra-entity
transactions of a long-term investment nature (net of tax impact
of $5million) 8 4 12
Pension and post-retirement benefi t plans (net of tax impact of
$10million) (10) (10)
Net unrealized loss on derivative instruments (net of tax impact
of $1million) (1) (1)
Comprehensive Income 1,179
Dividends declared (437) (20) (457)
Repurchase of shares of Common Stock (10) (390) (390)
Employee stock option and SARs exercises (includes tax
impact of $73million) 9 168 168
Compensation-related events (includes tax impact of $7million) 1 55 55
Balance at December25, 2010 469 $ 86 $ 1,717 $ (227) $ 93 $ 1,669
Net Income 1,319 16 1,335
Translation adjustments and gains (losses) from intra-entity
transactions of a long-term investment nature (net of tax impact
of $3million) 85 6 91
Pension and post-retirement benefi t plans (net of tax impact of
$65million) (106) (106)
Net unrealized gain on derivative instruments (net of tax impact
of less than $1million) 1 1
Comprehensive Income 1,321
Dividends declared (501) (22) (523)
Repurchase of shares of Common Stock (14) (250) (483) (733)
Employee stock option and SARs exercises (includes tax
impact of $71million) 5 119 119
Compensation-related events (includes tax impact of $5million) — 63 63
Balance at December31, 2011 460 $ 18 $ 2,052 $ (247) $ 93 $ 1,916
Net Income 1,597 11 1,608
Translation adjustments and gains (losses) from intra-entity
transactions of a long-term investment nature (net of tax impact
of $3million) 23 1 24
Reclassifi cation of translation adjustments into income 3 3
Pension and post-retirement benefi t plans (net of tax impact of
$48million) 89 89
Comprehensive Income 1,724
Noncontrolling Interest - Little Sheep acquisition 16 16
Dividends declared (569) (22) (591)
Repurchase of shares of Common Stock (15) (191) (794) (985)
Employee stock option and SARs exercises (includes tax
impact of $89million) 6 111 111
Compensation-related events (includes tax impact of
$11million) 62 62
BALANCE AT DECEMBER29, 2012 451 $ — $ 2,286 $ (132) $ 99 $ 2,253
See accompanying Notes to Consolidated Financial Statements.