Yum! Brands (YUM) S-3ASR Automatic shelf registration

Exhibit 12.1

YUM! Brands Inc.

Ratio of Earnings to Fixed Charges Year to Date Q2, 2009 and Years ended 2008 - 2004

(In millions except ratio amounts)

	24 Weeks		52 Weeks									53 Weeks			52 Weeks
	2009		2008			2007			2006			2005			2004
Earnings:
Pretax income from continuing operations before cumulative effect of accounting changes	649		$	1,280		$	1,191		$	1,108		$	1,026		$	1,026
Minority interest	—		11			—			—			—			—
50% or less owned Affiliates’ interests, net	(5	)	(1		)	(7		)	(12		)	(8		)	2
Interest Expense	111		273			217			172			148			145
Interest portion of net rent expense	117		258			243			209			179			164
Earnings available for fixed charges	872		$	1,821		$	1,644		$	1,477		$	1,345		$	1,337
Fixed Charges:
Interest Expense	111		$	273		$	217		$	174		$	148		$	146
Interest portion of net rent expense	117		258			243			209			179			164
Total fixed charges	228		$	531		$	460		$	383		$	327		$	310
Ratio of earnings to fixed charges	3.82		3.43			3.57			3.86			4.11			4.31