XML 50 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Balance Sheet Information
3 Months Ended
Mar. 22, 2014
Supplemental Balance Sheet Information Disclosure [Abstract]  
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information

Accounts and Notes Receivable, net

The Company’s receivables are primarily generated as a result of ongoing business relationships with our franchisees and licensees as a result of royalty and lease agreements.  Trade receivables consisting of royalties from franchisees and licensees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable on our Condensed Consolidated Balance Sheets.  
 
3/22/2014
 
12/28/2013
Accounts and notes receivable
$
368

 
$
330

Allowance for doubtful accounts
(14
)
 
(11
)
Accounts and notes receivable, net
$
354

 
$
319


Property, Plant and Equipment, net
 
3/22/2014
 
12/28/2013
Property, plant and equipment, gross
$
7,850

 
$
7,850

Accumulated depreciation and amortization
(3,472
)
 
(3,391
)
Property, plant and equipment, net
$
4,378

 
$
4,459



Assets held for sale at March 22, 2014 and December 28, 2013 total $13 million and $16 million, respectively, and are included in Prepaid expenses and other current assets on our Condensed Consolidated Balance Sheets.

Noncontrolling Interests

Noncontrolling interests primarily include the ownership interests of minority shareholders of the entities that operate the KFCs in Beijing and Shanghai, China.  The redeemable noncontrolling interest comprises the 7% ownership interest in Little Sheep that continues to be held by the Little Sheep founding shareholders, and is classified outside of permanent equity on our Condensed Consolidated Balance Sheets due to redemption rights held by the founding Little Sheep shareholders. A reconciliation of the beginning and ending carrying amount of the equity attributable to noncontrolling interests is as follows:

 
Noncontrolling Interests
 
Reedemable Noncontrolling Interest
Balance at December 28, 2013
$
63

 
$
39

Net Income (loss) – noncontrolling interests
1


(1
)
Dividends declared
(4
)
 

Balance at March 22, 2014
$
60

 
$
38