Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

YUM! Brands Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 26, 2015	Dec 27, 2014	Dec 28, 2013	Dec 29, 2012	Dec 31, 2011
Accounts payable	616)	694)	704)	684)	712)
Accrued capital expenditures	174)	250)	223)	264)	229)
Accrued compensation and benefits	465)	419)	442)	487)	440)
Dividends payable	197)	178)	164)	151)	131)
Accrued taxes, other than income taxes	116)	100)	93)	103)	112)
Other current liabilities	417)	331)	303)	256)	250)
Accounts payable and other current liabilities	1,985)	1,972)	1,929)	1,945)	1,874)
Income taxes payable	77)	77)	169)	97)	142)
Short-term borrowings	923)	267)	71)	10)	320)
Advertising cooperative liabilities	103)	95)	96)	136)	114)
Current liabilities	3,088)	2,411)	2,265)	2,188)	2,450)
Long-term debt	3,054)	3,077)	2,918)	2,932)	2,997)
Other liabilities and deferred credits	958)	1,244)	1,244)	1,579)	1,471)
Noncurrent liabilities	4,012)	4,321)	4,162)	4,511)	4,468)
Total liabilities	7,100)	6,732)	6,427)	6,699)	6,918)
Redeemable noncontrolling interest	6)	9)	39)	59)	—)
Common Stock, no par value	—)	—)	—)	—)	18)
Retained earnings	1,150)	1,737)	2,102)	2,286)	2,052)
Accumulated other comprehensive income (loss)	(239)	(190)	64)	(132)	(247)
Shareholders’ equity, YUM! Brands, Inc.	911)	1,547)	2,166)	2,154)	1,823)
Noncontrolling interests	58)	57)	63)	99)	93)
Total shareholders’ equity	969)	1,604)	2,229)	2,253)	1,916)
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	8,075)	8,345)	8,695)	9,011)	8,834)

Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	YUM! Brands Inc. current liabilities increased from 2013 to 2014 and from 2014 to 2015.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	YUM! Brands Inc. noncurrent liabilities increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	YUM! Brands Inc. total liabilities increased from 2013 to 2014 and from 2014 to 2015.
Shareholders’ equity, YUM! Brands, Inc.	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	YUM! Brands Inc. shareholders’ equity, YUM! Brands, Inc. decreased from 2013 to 2014 and from 2014 to 2015.

YUM! Brands Inc. (NYSE:YUM)

Balance Sheet: Liabilities and Stockholders’ Equity