CONSOLIDATED STATEMENT OF OPERATIONS
(in millions)
TRICON Global Restaurants, Inc. and Subsidiaries
Fiscal years ended December 27, 1997, December 28, 1996 and December 30, 1995

1997 1996 1995
REVENUES
Company sales $9,112 $9,738 $9,813
Franchise and license fees 569 494 437
9,681 10,232 10,250
Costs and expenses, net
Company restaurants
   Food and paper 2,949 3,215 3,242
   Payroll and employee benefits 2,614 2,793 2,784
   Occupancy and other operating expenses 2,494 2,711 2,713
8,057 8,719 8,739
General, administrative and other expenses 962 932 857
Facility actions net loss (gain) 247 (37) 402
Unusual charges 174 246     
Total costs and expenses, net 9,440 9,860 9,998
Operating Profit 241 372 252
Interest expense, net 276 300 355
(Loss) Income Before Income Taxes (35) 72 (103)
Income Tax Provision 76 125 29
Net Loss $(111) $(53) $(132)

See accompanying Notes to Consolidated Financial Statements.

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