Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | Capital Lease Obligations [Member] | Capital Lease Obligations [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Debt Instrument, Fair Value Disclosure

38,716

^[4]

33,299

^[4]

Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | Swap [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash Flow Hedges

1,212

^[3]

0

Fair Value Hedges

0

8,169

^[3]

Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | Term A Loan, 2018 [Member] | Secured Debt [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Debt Instrument, Fair Value Disclosure

569,555

^[5]

0

Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | Term B Loan, 2019 [Member] | Secured Debt [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Debt Instrument, Fair Value Disclosure

767,452

^[5]

1,130,434

^[5]

Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | 6.20% Senior Notes [Member] | Unsecured Debt [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Debt Instrument, Fair Value Disclosure

0

^[5]

240,750

^[5]

Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | Debentures, 7% [Member] | Unsecured Debt [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Debt Instrument, Fair Value Disclosure

$ 98,250

^[5]

$ 99,900

^[5]

[1]	The fair value of our indirect investment in Arby’s is based on applying a multiple to Arby’s earnings before income taxes, depreciation and amortization per its current unaudited financial information. See Note 6 for more information related to the indirect investment in Arby’s and the reduction of the carrying value of our investment during 2013 in connection with the receipt of a dividend. The fair values of our remaining investments were based on our review of information provided by the investment managers or investees which was based on (1) valuations performed by the investment managers or investees, (2) quoted market or broker/dealer prices for similar investments and (3) quoted market or broker/dealer prices adjusted by the investment managers for legal or contractual restrictions, risk of nonperformance or lack of marketability, depending upon the underlying investments.
[2]	Wendy’s has provided loan guarantees to various lenders on behalf of franchisees entering into debt arrangements for new restaurant development and equipment financing. In addition 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.
[3]	The fair values were developed using market observable data for all significant inputs
[4]	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.
[5]	The fair values were based on quoted market prices in markets that are not considered active markets.

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

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