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Fair Value Measurements (Tables)
12 Months Ended
Dec. 30, 2012
Fair Value of Financial Instruments [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 
December 30,
2012
 
January 1,
2012
 
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Fair Value
Measurements
Financial assets
 
 
 
 
 
 
 
 
 
Non-current cost method investments (a)
$
23,913

 
$
50,761

 
$
27,452

 
$
62,496

 
Level 3
Interest rate swaps (b)
8,169

 
8,169

 
11,695

 
11,695

 
Level 2
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
Term Loan, due in 2019 (c)
1,114,826

 
1,130,434

 

 

 
Level 2
Senior Notes, repaid in July 2012 (c)

 

 
554,901

 
621,500

 
Level 2
2010 Term Loan, repaid in May 2012 (c)

 

 
466,062

 
466,940

 
Level 2
6.20% senior notes, due in 2014 (c)
225,940

 
240,750

 
224,643

 
231,750

 
Level 2
7% debentures, due in 2025 (c)
83,496

 
99,900

 
82,342

 
84,000

 
Level 2
Capital lease obligations (d)
32,594

 
33,299

 
16,688

 
18,123

 
Level 3
6.54% aircraft term loan, repaid in June
2012 (d)

 

 
11,303

 
11,367

 
Level 3
Other
706

 
707

 
1,060

 
1,072

 
Level 3
Guarantees of franchisee loan
obligations (e)
940

 
940

 
1,275

 
1,275

 
Level 3
_______________

(a)
The fair value of our indirect investment in Arby’s is based on a review of its current unaudited financial information. The fair values of the remaining investments were principally based on quoted market or broker/dealer prices. To the extent that some of these investments, including the underlying investments in investment limited partnerships, do not have available quoted market or broker/dealer prices, we relied on our review of valuations performed by the investment managers or investees or third party appraisals. The fair value of our investment in Jurlique at January 1, 2012 was based upon an agreement with a third party to purchase Jurlique (which was completed in February 2012). See Note 8 for more information related to the sale of Jurlique.

(b)
The fair values were based on information provided by the bank counterparties that is model-driven and where inputs were observable or where significant value drivers were observable.

(c)
The fair values were based on quoted market prices in markets that are not considered active markets.

(d)
The fair values were determined by discounting the future scheduled principal payments using an interest rate assuming the same original issuance spread over a current U.S. Treasury bond yield for securities with similar durations.

(e)
Wendy’s has provided loan guarantees to various lenders on behalf of franchisees entering into pooled debt facility arrangements for new restaurant development and equipment financing. During 2012, Wendy’s provided a guarantee to a lender for a franchisee in connection with the refinancing of the franchisee’s debt. We have accrued a liability for the fair value of these guarantees, the calculation of which was based upon a weighted average risk percentage established at inception adjusted for a history of defaults.
Fair value of assets and liabilities (other than cash and cash equivalents) measure at fair value on a nonrecurring basis
 
 
 
Fair Value Measurements
 
2012 Total Losses
 
December 30,
2012
 
Level 1
 
Level 2
 
Level 3
 
Long-lived assets
$
7,311

 
$

 
$

 
$
7,311

 
$
19,469

Aircraft
5,926

 

 

 
5,926

 
1,628

Total
$
13,237

 
$

 
$

 
$
13,237

 
$
21,097


    
 
 
 
Fair Value Measurements
 
2011 Total Losses
 
January 1,
2012
 
Level 1
 
Level 2
 
Level 3
 
Long-lived assets
$
575

 
$

 
$

 
$
575

 
$
12,883

Total
$
575

 
$

 
$

 
$
575

 
$
12,883