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Pension Benefits
9 Months Ended
Sep. 03, 2011
Compensation and Retirement Disclosure [Abstract]  
Pension Benefits
Pension Benefits


We sponsor noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees.  The most significant of these plans, the YUM Retirement Plan (the “Plan”), is funded while benefits from the other U.S. plan are paid by the Company as incurred.  During 2001, the plans covering our U.S. salaried employees were amended such that any salaried employee hired or rehired by YUM after September 30, 2001 is not eligible to participate in those plans.  We also sponsor various defined benefit pension plans covering certain of our non-U.S. employees, the most significant of which are in the UK.  Our plans in the UK have previously been amended such that new employees are not eligible to participate in those plans.


The components of net periodic benefit cost associated with our U.S. pension plans and significant International pension plans are as follows:


 
U.S. Pension Plans
 
International Pension Plans
 
Quarter ended
 
Quarter ended
 
9/3/2011
 
9/4/2010
 
9/3/2011
 
9/4/2010
Service cost
$
6


 
$
5


 
$
1


 
$
1


Interest cost
14


 
15


 
3


 
2


Expected return on plan assets
(16
)
 
(16
)
 
(3
)
 
(1
)
Amortization of net loss
7


 
5


 


 


Amortization of prior service cost
1


 


 


 


Net periodic benefit cost
$
12


 
$
9


 
$
1


 
$
2


 
 
 
 
 
 
 
 
 
U.S. Pension Plans
 
International Pension Plans
 
Year to date
 
Year to date
 
9/3/2011
 
9/4/2010
 
9/3/2011
 
9/4/2010
Service cost
$
17


 
$
17


 
$
4


 
$
4


Interest cost
44


 
43


 
7


 
6


Expected return on plan assets
(49
)
 
(48
)
 
(8
)
 
(6
)
Amortization of net loss
21


 
16


 
1


 
1


Amortization of prior service cost
1


 


 


 


Net periodic benefit cost
$
34


 
$
28


 
$
4


 
$
5






We made no contributions to the Plan during the year to date ended September 3, 2011. We continue to evaluate the funded status of the Plan, and we may choose to make discretionary contributions of approximately $50 million in the fourth quarter of 2011. We made contributions of approximately $9 million to plans in the UK during the year to date ended September 3, 2011 and no additional significant contributions are anticipated in 2011.