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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 29, 2012
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill are as follows:
|  | China |  | YRI |  | U.S. |  | India |  | Worldwide
Balance as of December 25, 2010 |  |  |  |  |  |  |  |  |  |
Goodwill, gross |  | $ | 85 |  |  | $ | 269 |  |  | $ | 348 |  |  | $ | — |  |  | $ | 702 |
Accumulated impairment losses |  | — |  |  | (17 | ) |  | (26 | ) |  | — |  |  | (43 | )
Goodwill, net |  | 85 |  |  | 252 |  |  | 322 |  |  | — |  |  | 659 |
Acquisitions (a) |  | — |  |  | 32 |  |  | — |  |  | — |  |  | 32 |
Disposals and other, net(b) |  | 3 |  |  | (2 | ) |  | (11 | ) |  | — |  |  | (10 | )
Balance as of December 31, 2011(c) |  |  |  |  |  |  |  |  |  |
Goodwill, gross |  | 88 |  |  | 299 |  |  | 311 |  |  | — |  |  | 698 |
Accumulated impairment losses |  | — |  |  | (17 | ) |  | — |  |  | — |  |  | (17 | )
Goodwill, net |  | 88 |  |  | 282 |  |  | 311 |  |  | — |  |  | 681 |
Acquisitions(d) |  | 376 |  |  | — |  |  | — |  |  | — |  |  | 376 |
Disposals and other, net(b) |  | 2 |  |  | (11 | ) |  | (14 | ) |  | — |  |  | (23 | )
Balance as of December 29, 2012 |  |  |  |  |  |  |  |  |  |
Goodwill, gross |  | 466 |  |  | 288 |  |  | 297 |  |  | — |  |  | 1,051 |
Accumulated impairment losses |  | — |  |  | (17 | ) |  | — |  |  | — |  |  | (17 | )
Goodwill, net |  | $ | 466 |  |  | $ | 271 |  |  | $ | 297 |  |  | $ | — |  |  | $ | 1,034 |
(a) | We recorded goodwill in our YRI segment related to the acquisition of 68 stores in South Africa. See Note 4.
(b) | Disposals and other, net includes the impact of foreign currency translation on existing balances and goodwill write-offs associated with refranchising.
(c) | As a result of the LJS and A&W divestitures in 2011, we disposed of $26 million of goodwill assigned to our LJS and A&W reporting unit that was previously fully impaired. Goodwill that was assigned to our KFC U.S. and Taco Bell U.S. reporting units upon the acquisition of LJS and A&W and that has not been previously included in the carrying amounts of restaurants disposed of was not impaired, totals approximately $130 million and remains on our Consolidated Balance Sheet at December 29, 2012.
(d)We recorded goodwill of $376 million related to our acquisition of Little Sheep. See Note 4. Intangible assets, net for the years ended 2012 and 2011 are as follows:
|  | 2012 |  | 2011
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Definite-lived intangible assets |  |  |  |  |  |  |  |
Reacquired franchise rights |  | $ | 163 |  |  | $ | (47 | ) |  | $ | 167 |  |  | $ | (33 | )
Franchise contract rights |  | 131 |  |  | (84 | ) |  | 130 |  |  | (77 | )
Lease tenancy rights |  | 57 |  |  | (12 | ) |  | 58 |  |  | (12 | )
Favorable operating leases |  | 21 |  |  | (11 | ) |  | 29 |  |  | (13 | )
Other |  | 51 |  |  | (19 | ) |  | 33 |  |  | (14 | )
|  | $ | 423 |  |  | $ | (173 | ) |  | $ | 417 |  |  | $ | (149 | )
Indefinite-lived intangible assets |  |  |  |  |  |  |  |
KFC trademark |  | $ | 31 |  |  |  |  | $ | 31 |  |  |
Little Sheep trademark |  | 409 |  |  |  |  | — |  |  |
|  | $ | 440 |  |  |  |  | $ | 31 |  |  |
Amortization expense for all definite-lived intangible assets was $28 million in 2012, $31 million in 2011 and $29 million in 2010. Amortization expense for definite-lived intangible assets will approximate $27 million in 2013, $24 million in 2014, $23 million annually in 2015 and 2016 and $21 million in 2017.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 + Details
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