CONSOLIDATED BALANCE SHEET
(in millions)
TRICON Global Restaurants, Inc. and Subsidiaries
December 27, 1997 and December 28, 1996

1997

1996

ASSETS
Current Assets
Cash and cash equivalents $268 $137
Short-term investments, at cost 33 50
Accounts and notes receivable, less allowance: $20 in 1997 and $9 in 1996 149 125
Inventories 73 88
Prepaid expenses, deferred income taxes and other current assets 160 229
Non-core assets held for disposal
_____
333
_____

Total Current Assets

683 962
Property, Plant and Equipment, net 3,261 4,050
Intangible Assets, net 812 1,100
Investments in Unconsolidated Affiliates 143 228
Other Assets 199
_____
180
_____

Total Assets

$5,098 $6,520
 

 

Liabilities and Shareholders' (Deficit) Equity
Current Liabilities
Accounts payable and other current liabilities $1,260 $1,200
Income taxes payable 195 157
Short-term borrowings 124
_____
59
_____

Total Current Liabilities

1,579 1,416
Long-term Debt 4,551 231
Other Liabilities and Deferred Credits 555 434
Deferred Income Taxes 33
_____
200
_____

Total Liabilities

6,718 2,281
Shareholders' (Deficit) Equity
Preferred stock, no par value, 250 shares authorized; no shares issues
Common stock, no par value, 750 shares authorized;
  152 shares issued and outstanding in 1997

1,271
Investments by and advances from PepsiCo 4,266
Accumulated deficit (2,763)
Currency translation adjustment (128)
_____
(27)
_____

Total Shareholders' (Deficit) Equity

(1,620)
_____
4,239
_____

Total Liabilities and Shareholders (Deficit) Equity

$5,098 $6,520

See accompanying Notes to Combined Financial Statements

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