Fair Value Disclosures (Tables)

9 Months Ended

Sep. 08, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring

The following table presents the fair values for those assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the measurements fall.  No transfers among the levels within the fair value hierarchy occurred during the year to date ended September 8, 2012.

	Fair Value
	Level	9/8/2012		12/31/2011
Foreign Currency Forwards, net	2	$	27	$	2
Interest Rate Swaps, net	2	26		32
Other Investments	1	17		15
Total		$	70	$	49

Fair Value Measurements, Nonrecurring

(Gains) losses recognized from all non-recurring fair value measurements during the quarters and years to date ended September 8, 2012 and September 3, 2011:

	Quarter ended
	September 8, 2012			September 3, 2011
Restaurant-level impairment (Level 3)	$	—		$	6
Refranchising related impairment - Pizza Hut UK (Level 3) (a)	—			74
Refranchising related impairment - other (Level 3) (a)	4			20
A&W and LJS Impairment (Level 2) (a)	—			16
Total	$	4		$	116
	Year to date
	September 8, 2012			September 3, 2011
Restaurant-level impairment (Level 3)	$	6		$	21
Refranchising related impairment - Pizza Hut UK (Level 3) (a)	—			74
Refranchising related impairment - Pizza Hut UK (Level 2) (a)	20			—
Refranchising related impairment - other (Level 3) (a)	4			27
A&W and LJS impairment (Level 2) (a)	—			82
Gain on Little Sheep acquisition (Level 2) (a)	(74		)	—
Total	$	(44	)	$	204

(a) See Note 4 for further discussions of Refranchising (gain) loss, including our decision to refranchise Company operated Pizza Hut dine-in restaurants in the UK, the acquisition of Little Sheep and the LJS and A&W divestitures.