Consolidated Balance Sheets

YUM! Brands, Inc. and Subsidiaries

Fiscal years ended December 27, 2014 and December 28, 2013

(in millions)

 
Assets 2014 2013
Current Assets
Cash and cash equivalents $578 $573
Accounts and notes receivable, net 325 319
Inventories 301 294
Prepaid expenses and other current assets 254 286
Deferred income taxes 93 123
Advertising cooperative assets, restricted 95 96
Total Current Assets 1,646 1,691
     
Property, plant and equipment, net 4,498 4,459
Goodwill 700 889
Intangible assets, net 318 638
Investments in unconsolidated affiliates 52 53
Other assets 560 566
Deferred income taxes 571 399
Total Assets $8,345 $8,695
 
Liabilities and Shareholder's Equity
Current Liabilities
Accounts payable and other current liabilities $1,972 $1,929
Income taxes payable 77 169
Short-term borrowings 267 71
Advertising cooperative liabilities 95 96
  Total Current Liabilities 2,411 2,265
 
Long-term debt 3,077 2,918
Other liabilities and deferred credits 1,244 1,244
  Total Liabilities 6,732 6,427
 
Redeemable noncontrolling interest 9 39
 
Shareholders' Equity
Common Stock
Retained earnings 1,737 2,102
Accumulated other comprehensive income (loss) (190) 64
Total Shareholders' Equity - YUM! Brands, Inc. 1,547 2,166
Noncontrolling interests 57 63
Total Shareholders' Equity 1,604 2,229
Total Liabilities, Redeemable Noncontrolling Interest and Shareholders' Equity $8,345 $8,695

Note: You should consult our filings with the Securities and Exchange Commission for additional detail about our financial and other results.