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.