SELECTED FINANCIAL DATA
(in millions except per share data, unaudited)
TRICON Global Restaurants, Inc. and Subsidiaries

Fiscal Year Ended
As Reported
Pro Forma(1)
1997
1997 1996 1995 1994(2) 1993
Summary of Operations
System sales (excluding Non-core Businesses)

U.S.

$13,500 13,500 13,400 13,200 12,600 11,900

International

7,000
_____
7,000
_____
6,900
_____
6,500
_____
5,600
_____
5,400
_____
Total $20,500 20,500 20,300 19,700 18,200 17,300
Revenues

Company sales

$ 8,846 9,112 9,738 9,813 9,170 8,118

Franchise and license fees

567
_____
569
_____
494
_____
437
_____
395
_____
344
_____
Total $ 9,413 9,681 10,232 10,250 9,565 8,462
Operating profit(3) 276 241 372 252 582 645
Interest expense, net 317
_____
276
_____
300
_____
355
_____
341
_____
229
_____
(Loss) income before income taxes(3) (41) (35) 72 (103) 241 416
Net (loss) income(3) (117) (111) (53) (132) 118 238
Pro forma Loss per common share(3) (.77) N/A N/A N/A N/A N/A
Cash Flow Data
Provided by operating activities 810 713 813 894 1,019
Capital spending 543 627 714 1,049 968
Refranchising of restaurants 770
_____
355
_____
165
_____

_____

_____
Balance Sheet
Total assets $ 5,098 6,520 6,908 7,387 6,526
Working capital deficit (805) (778) (831) (909) (765)
Long-term debt 4,551 231 260 267 290
Total debt 4,675 290 404 395 416
Investments by and advances from PepsiCo
        
4,266 4,604 4,962 4,366
Other Data
Number of restaurants at year-end
(excluding Non-core Businesses)

System

29,712 29,096 27,894 26,212 23,927

Company

11,207 12,883 13,466 13,209 11,230
U.S. Company same store sales growth

KFC

2% 6% 7% 2% -

Pizza Hut

(1)% (4)% 4% (6)% 5%

Taco Bell

2% (2)% (4)% 2% 6%
Shares outstanding at year-end (in millions) 152 N/A N/A N/A N/A
Market price per share at year-end $28 5/16 N/A N/A N/A N/A

N/A - Not Applicable.

The historical consolidated financial data above includes TRICON Global Restaurants, Inc. and subsidiaries as if we had been an independent, publicly owned company for all periods presented. The selected financial data should be read in conjunction with the Consolidated Financial Statements and the Notes thereto.

(1) The pro forma data is derived from the unaudited pro forma financial information included in Note 16 to the Consolidated Financial Statements. The pro forma data does not purport to represent what our financial position or results of operations would have been had we operated as an independent, publicly owned company, nor does it give effect to any events other than those described. The pro forma data also does not purport to project our financial position or results of operations as of any future date or for any future period. The pro forma data reflects adjustments to eliminate our Non-core Businesses disposed of in 1997 and to reflect the estimated additional interest expense and general, administrative and other expenses which we would have incurred as an independent, publicly owned company.

(2) Fiscal year 1994 consisted of 53 weeks. The fifty-third week increased 1994 revenues by $172 and earnings by approximately $23 ($14 after-tax).

(3) Includes combined facility actions and unusual charges of $421 ($322 after-tax), $209 ($168 after-tax) and $402 ($295 after-tax) for 1997, 1996 and 1995, respectively. On a pro forma basis, 1997 includes combined facility actions and unusual charges of $367 ($288 after-tax or $1.90 per share). See Note 4 to the Consolidated Financial Statements.

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