XML 72 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Leases
12 Months Ended
Dec. 31, 2011
Leases [Abstract]  
Leases
Leases

At December 31, 2011 we operated more than 7,400 restaurants, leasing the underlying land and/or building in nearly 6,200 of those restaurants with the vast majority of our commitments expiring within 20 years from the inception of the lease.  Our longest lease expires in 2151.  We also lease office space for headquarters and support functions, as well as certain office and restaurant equipment.  We do not consider any of these individual leases material to our operations.  Most leases require us to pay related executory costs, which include property taxes, maintenance and insurance.

Future minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth below:
 
 
Commitments
 
Lease Receivables
 
 
 
Capital
 
 
Operating
 
Direct
 Financing
 
 
Operating
2012
 
$
65

 
$
612

 
$
3

 
$
49

2013
 
27

 
578

 
2

 
42

2014
 
26

 
538

 
2

 
39

2015
 
26

 
494

 
2

 
35

2016
 
26

 
462

 
2

 
31

Thereafter
 
267

 
2,653

 
14

 
139

 
 
$
437

 
$
5,337

 
$
25

 
$
335



At December 31, 2011 and December 25, 2010, the present value of minimum payments under capital leases was $279 million and $236 million, respectively.  At December 31, 2011, unearned income associated with direct financing lease receivables was $14 million.

The details of rental expense and income are set forth below:
 
 
2011
 
2010
 
2009
Rental expense
 
 
 
 
 
 
Minimum
 
$
625

 
$
565

 
$
541

Contingent
 
233

 
158

 
123

 
 
$
858

 
$
723

 
$
664

Rental income
 
$
66

 
$
44

 
$
38