Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

YUM! Brands Inc., consolidated balance sheet: assets

US$ in millions

	Dec 26, 2015	Dec 27, 2014	Dec 28, 2013	Dec 29, 2012	Dec 31, 2011
Cash and cash equivalents	737)	578)	573)	776)	1,198)
Accounts and notes receivable, net	377)	325)	319)	301)	286)
Inventories	229)	301)	294)	313)	273)
Income tax receivable	41)	55)	89)	55)	150)
Assets held for sale	28)	14)	16)	56)	24)
Other prepaid expenses and current assets	173)	185)	181)	161)	164)
Prepaid expenses and other current assets	242)	254)	286)	272)	338)
Deferred income taxes	—)	93)	123)	111)	112)
Advertising cooperative assets, restricted	103)	95)	96)	136)	114)
Current assets	1,688)	1,646)	1,691)	1,909)	2,321)
Property, plant and equipment, net	4,189)	4,498)	4,459)	4,250)	4,042)
Goodwill	656)	700)	889)	1,034)	681)
Intangible assets, net	271)	318)	638)	690)	299)
Investments in unconsolidated affiliates	61)	52)	53)	72)	167)
Restricted cash	—)	—)	—)	—)	300)
Other assets	534)	560)	566)	575)	475)
Deferred income taxes	676)	571)	399)	481)	549)
Noncurrent assets	6,387)	6,699)	7,004)	7,102)	6,513)
Total assets	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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	YUM! Brands Inc. current assets decreased from 2013 to 2014 but then increased from 2014 to 2015 not reaching 2013 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	YUM! Brands Inc. property, plant and equipment, net increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	YUM! Brands Inc. noncurrent assets decreased from 2013 to 2014 and from 2014 to 2015.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	YUM! Brands Inc. total assets decreased from 2013 to 2014 and from 2014 to 2015.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	YUM! Brands Inc. cash and cash equivalents increased from 2013 to 2014 and from 2014 to 2015.
Accounts and notes receivable, net	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.	YUM! Brands Inc. accounts and notes receivable, net increased from 2013 to 2014 and from 2014 to 2015.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	YUM! Brands Inc. inventories increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

YUM! Brands Inc. (NYSE:YUM)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items