Exhibit 12.1

YUM! Brands, Inc.

Ratio of Earnings to Fixed Charges Years Ended 2009-2005

 (In millions except ratio amounts)

	52 weeks									53 weeks			52 weeks
	2009			2008			2007			2006			2005
Earnings:
Pretax income from continuing operations before cumulative effect of accounting changes	$	1,396		$	1,280		$	1,191		$	1,108		$	1,026
Minority interest		—			11			—			—			—
50% or less owned Affiliates’ interests, net		(1	)		(1	)		(7	)		(12	)		(8	)
Interest Expense		229			273			217			174			148
Interest portion of net rent expense		276			258			243			209			179
Earnings available for fixed charges	$	1,900		$	1,821		$	1,644		$	1,479		$	1,345
Fixed Charges:
Interest Expense	$	230		$	273		$	217		$	174		$	148
Interest portion of net rent expense		276			258			243			209			179
Total fixed charges	$	506		$	531		$	460		$	383		$	327
Ratio of earnings to fixed charges		3.75			3.43			3.57			3.86			4.11