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Fair Value Disclosures (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 16, 2012
Jun. 11, 2011
Jun. 16, 2012
Jun. 11, 2011
Mar. 24, 2012
Dec. 31, 2011
Mar. 19, 2011
Dec. 25, 2010
Jun. 16, 2012
Level 2
Jun. 11, 2011
Nonrecurring basis
Jun. 16, 2012
Nonrecurring basis
Jun. 11, 2011
Nonrecurring basis
Jun. 16, 2012
Recurring basis
Dec. 31, 2011
Recurring basis
Jun. 16, 2012
Recurring basis
Level 1
Dec. 31, 2011
Recurring basis
Level 1
Jun. 16, 2012
Recurring basis
Level 2
Foreign Currency Forwards
Dec. 31, 2011
Recurring basis
Level 2
Foreign Currency Forwards
Jun. 16, 2012
Recurring basis
Level 2
Interest Rate Swaps
Dec. 31, 2011
Recurring basis
Level 2
Interest Rate Swaps
Jun. 16, 2012
Unallocated Amount to Segment [Member]
Jun. 11, 2011
Unallocated Amount to Segment [Member]
Jun. 16, 2012
Unallocated Amount to Segment [Member]
Jun. 11, 2011
Unallocated Amount to Segment [Member]
Jun. 16, 2012
U.S.
Jun. 11, 2011
U.S.
Jun. 16, 2012
U.S.
Jun. 11, 2011
U.S.
Mar. 24, 2012
PH
UK
Unallocated Amount to Segment [Member]
Jun. 16, 2012
PH
UK
Unallocated Amount to Segment [Member]
Mar. 19, 2011
LJS and AW
Mar. 24, 2012
Little Sheep Group Limited [Member]
Jun. 16, 2012
Little Sheep Group Limited [Member]
Feb. 01, 2012
Little Sheep Group Limited [Member]
Dec. 31, 2011
Little Sheep Group Limited [Member]
Jun. 16, 2012
Closures and impairment (income) expenses
Jun. 16, 2012
Closures and impairment (income) expenses
Nonrecurring basis
Jun. 11, 2011
Closures and impairment (income) expenses
Nonrecurring basis
Jun. 16, 2012
Closures and impairment (income) expenses
Nonrecurring basis
Jun. 11, 2011
Closures and impairment (income) expenses
Nonrecurring basis
Mar. 19, 2011
Closures and impairment (income) expenses
LJS and AW
Jun. 11, 2011
Closures and impairment (income) expenses
LJS and AW
Jun. 11, 2011
Refranchising (gain) loss
Nonrecurring basis
Jun. 11, 2011
Refranchising (gain) loss
Nonrecurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                                                                                        
Total losses related to long-lived assets held for use and measured at fair value on a non-recurring basis                   $ 22 $ 6 $ 22                                               $ 6 $ 6 $ 15 $ 6 $ 15     $ 7 $ 7
Fair Value, Level 1 to level 2 Transfers, Amount     0                                                                                  
Fair Value, Level 2 to level 1 Transfers, Amount     0                                                                                  
Derivative assets (liabilites), net 41 23 41 23 24 34 32 45                 13 2 28 32                                                
Other Investments                             16 15                                                        
Total                         57 49                                                            
Ownership percentage (in hundreths)                                                                 93.00% 27.00% 27.00%                  
Investment in unconsolidated affiliate at date of acquisition                                                                   107                    
Gain upon acquisition of Little Sheep 0 0 74 0                                                       74 74                      
Refranchising (gain) loss (13) [1],[2] 5 (39) [1],[2] 3                                 (13) 5 (39) [3] 3 (9) [2] 8 (54) [2] 7 20 20                            
Pre-tax losses recognized on business divestiture                                                             68                   66 66    
Debt obligations, excluding capital leases, estimate of fair value                 3,500                                                                      
Debt obligations, excluding capital leases, carrying amount $ 3,000   $ 3,000                                                                                  
[1] During the quarter ended September 3, 2011, we decided to refranchise or close all of our remaining company operated Pizza Hut dine-in restaurants in the UK market. While the asset group comprising approximately 350 stores we anticipate selling did not meet the criteria for held for sale classification as of September 3, 2011, our decision to sell was considered an impairment indicator. As such we reviewed the asset group for potential impairment and determined that its carrying value was not fully recoverable based upon our estimate of expected refranchising proceeds and holding period cash flows anticipated while we continue to operate the restaurants as company units. Accordingly, we wrote the asset group down to our estimate of its fair value, which was based on the sales price we would expect to receive from a buyer. This fair value determination considered current market conditions, trends in the Pizza Hut UK business, and prices for similar transactions in the restaurant industry and resulted in a non-cash write down of $74 million which was recorded to Refranchising (gain) loss. The decision to refranchise or close all remaining Pizza Hut dine-in restaurants in the UK was considered to be a goodwill impairment indicator. We determined that the fair value of our Pizza Hut UK reporting unit exceeded its carrying value and as such there was no goodwill impairment. Based on bids received in 2012, we recorded an additional non-cash pre-tax impairment charge of $20 million to Refranchising (gain) loss in the quarter ended March 24, 2012. While we continue to market the Pizza Hut dine-in restaurants in the UK for sale, the asset group continues not to meet all of the held for sale criteria as of June 16, 2012.These impairment charges decreased depreciation expense versus what would have otherwise been recorded by $3 million and $6 million for the quarter and year to date ended June 16, 2012, respectively. Neither the impairment charges nor the depreciation reduction were allocated to the YRI segment, resulting in depreciation expense in the YRI segment results continuing to be recorded at the rate at which it was prior to these impairment charges being recorded for these restaurants.
[2] In the quarter and year to date ended June 16, 2012, U.S. Refranchising (gain) loss primarily relates to gains on the sales of Taco Bell restaurants.
[3] Includes U.S. refranchising gains of $54 million partially offset by an impairment charge of $20 million related to our Pizza Hut UK dine-in business for the year to date ended June 16, 2012. See Note 4.