CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 19, 2016	Dec. 26, 2015
Current Assets
Cash and cash equivalents	$ 934	$ 737
Accounts and notes receivable, net	418	377
Inventories	210	229
Prepaid expenses and other current assets	279	241
Advertising cooperative assets, restricted	122	103
Total Current Assets	1,963	1,687
Property, plant and equipment, net	4,111	4,189
Goodwill	644	656
Intangible assets, net	265	271
Investments in unconsolidated affiliates	36	61
Other assets	500	521
Deferred income taxes	702	676
Total Assets	8,221	8,061
Current Liabilities
Accounts payable and other current liabilities	2,055	1,985
Income taxes payable	150	77
Short-term borrowings	2,321	922
Advertising cooperative liabilities	122	103
Total Current Liabilities	4,648	3,087
Long-term debt	2,510	3,041
Other liabilities and deferred credits	846	958
Total Liabilities	8,004	7,086
Redeemable noncontrolling interest	7	6
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 407 and 420 shares issued in 2016 and 2015, respectively	2	0
Retained earnings	454	1,150
Accumulated other comprehensive income (loss)	(300)	(239)
Total Shareholders' Equity - YUM! Brands, Inc.	156	911
Noncontrolling interests	54	58
Total Shareholders' Equity	210	969
Total Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity	$ 8,221	$ 8,061

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.