CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 05, 2015	Dec. 27, 2014
Current Assets
Cash and cash equivalents	$ 861	$ 578
Accounts and notes receivable, net	355	325
Inventories	230	301
Prepaid expenses and other current assets	248	254
Deferred income taxes	113	93
Advertising cooperative assets, restricted	112	95
Total Current Assets	1,919	1,646
Property, plant and equipment, net	4,263	4,498
Goodwill	674	700
Intangible assets, net	287	318
Investments in unconsolidated affiliates	53	52
Other assets	547	560
Deferred income taxes	563	571
Total Assets	8,306	8,345
Current Liabilities
Accounts payable and other current liabilities	1,811	1,972
Income taxes payable	153	77
Short-term borrowings	566	267
Advertising cooperative liabilities	112	95
Total Current Liabilities	2,642	2,411
Long-term debt	2,651	3,077
Other liabilities and deferred credits	1,120	1,244
Total Liabilities	6,413	6,732
Redeemable noncontrolling interest	8	9
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 431 and 434 shares issued in 2015 and 2014, respectively	8	0
Retained earnings	2,079	1,737
Accumulated other comprehensive income (loss)	(262)	(190)
Total Shareholders' Equity - YUM! Brands, Inc.	1,825	1,547
Noncontrolling interests	60	57
Total Shareholders' Equity	1,885	1,604
Total Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity	$ 8,306	$ 8,345

The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.

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- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.