XML 18 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 29, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected income (loss) and common share financial data
 
 
2012
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Company sales
 
$
2,344

 
$
2,762

 
$
3,142

 
$
3,585

 
$
11,833

Franchise and license fees and income
 
399

 
406

 
427

 
568

 
1,800

Total revenues
 
2,743

 
3,168

 
3,569

 
4,153

 
13,633

Restaurant profit
 
440

 
423

 
599

 
519

 
1,981

Operating Profit(a)
 
645

 
473

 
671

 
505

 
2,294

Net Income – YUM! Brands, Inc.
 
458

 
331

 
471

 
337

 
1,597

Basic earnings per common share
 
0.99

 
0.71

 
1.02

 
0.74

 
3.46

Diluted earnings per common share
 
0.96

 
0.69

 
1.00

 
0.72

 
3.38

Dividends declared per common share
 
0.285

 
0.285

 
—

 
0.67

 
1.24


 
 
2011
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Company sales
 
$
2,051

 
$
2,431

 
$
2,854

 
$
3,557

 
$
10,893

Franchise and license fees and income
 
374

 
385

 
420

 
554

 
1,733

Total revenues
 
2,425

 
2,816

 
3,274

 
4,111

 
12,626

Restaurant profit
 
360

 
386

 
494

 
513

 
1,753

Operating Profit(b)
 
401

 
419

 
488

 
507

 
1,815

Net Income – YUM! Brands, Inc.
 
264

 
316

 
383

 
356

 
1,319

Basic earnings per common share
 
0.56

 
0.67

 
0.82

 
0.77

 
2.81

Diluted earnings per common share
 
0.54

 
0.65

 
0.80

 
0.75

 
2.74

Dividends declared per common share
 
—

 
0.50

 
—

 
0.57

 
1.07


(a)
Includes a non-cash gain recognized upon acquisition of Little Sheep of $74 million in the first quarter, refranchising losses associated with the Pizza Hut UK dine-in business of $24 million and $46 million in the first and fourth quarters, respectively, net U.S. refranchising gains of $45 million and $69 million in the first and fourth quarters, respectively and the YUM Retirement Plan settlement charge of $84 million in the fourth quarter. See Note 4 for further discussion.

(b)
Includes losses related to the LJS and A&W divestitures of $68 million and $17 million in the first and third quarters, respectively and a refranchising loss associated with the Pizza Hut UK dine-in business of $76 million in the third quarter. The fourth quarter of 2011 also includes the $25 million impact of the 53rd week in 2011. See Note 4 for further discussion.