Exhibit 12.1 YUM! Brands, Inc. Ratio of Earnings to Fixed Charges Years Ended 2013 - 2009 (In millions except ratio amounts)
		52 Weeks								53 Weeks				52 Weeks
		2013				2012				2011				2010				2009
Earnings:
Pretax income from continuing operations before cumulative effect of accounting changes		$	1,551			$	2,145			$	1,659			$	1,594			$	1,396
50% or less owned Affiliates' interests, net		17				(6		)		(8		)		(7		)		(1		)
Interest Expense		279				181				203				212				229
Interest portion of net rent expense		359				341				314				298				276
Earnings available for fixed charges		$	2,206			$	2,661			$	2,168			$	2,097			$	1,900
Fixed Charges:
Interest Expense		$	281			$	182			$	204			$	213			$	230
Interest portion of net rent expense		359				341				314				298				276
Total fixed charges		$	640			$	523			$	518			$	511			$	506
Ratio of earnings to fixed charges		3.45				5.09				4.19				4.10				3.75