CONSOLIDATED STATEMENT OF SHAREHOLDERS (DEFICIT) EQUITY
(in millions)
TRICON Global Restaurants, Inc. and Subsidiaries
Fiscal years ended December 27, 1997, December 28, 1996 and December 30, 1995

Issued
Common Stock

Shares

Amount

Accumulated
Deficit

Investments by and Advances from PepsiCo

Currency
Translation
Adjustment

Total

Balance at December 31, 1994 -
______
$ -
______

$ -
______

$4,962
______
$ 40
______
$5,002
______

 

Net investments by and advances from PepsiCo (226) (226)
Currency translation adjustment (69) (69)
Net loss (132)
______

______
(132)
______
Balance at December 30, 1995 4,604 (29) 4,575
Net investments by and advances from PepsiCo
(285)

(285)
Currency translation adjustment 2 2
Net loss (53)
______

______
(53)
______
Balance at December 28, 1996 4,266 (27) 4,239
Net investments by and advances from PepsiCo
(1,150)

(1,150)
Net income prior to Spin-off 283 283
Spin-off dividend and partial repayment of advances

(2,369)

(2,131) (4,500)
Issuance of shares of common stock, no par value, in connection with  the Spin-off 152 -
Contribution to capital of remaining unpaid advances 1,268 (1,268) -
Stock option exercises 3 3
Currency translation adjustment (101) (101)
Net loss after Spin-off
______

______

(394)
______


______

______
(394)
______
Balance at December 27, 1997 152 $1,271 $(2,763) $ - $ (128) $(1,620)

See accompanying Notes to Combined Financial Statements


Back  |  Table of Contents  | Next