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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
Cash Flows - Operating Activities      
Net Income- including noncontrolling interests $ 1,298 $ 1,021 $ 1,064
Depreciation and amortization 747 739 721
Closures and impairment (income) expenses 79 535 331
Refranchising (gain) loss 10 (33) (100)
Contributions to defined benefit pension plans (98) (18) (23)
Losses and other costs related to the extinguishment of debt 0 0 120
Deferred income taxes (89) (172) (24)
Equity income from investments in unconsolidated affiliates (41) (30) (26)
Distributions of income received from unconsolidated affiliates 21 28 43
Excess tax benefit from share-based compensation (50) (42) (44)
Share-based compensation expense 57 55 49
Changes in accounts and notes receivable (54) (21) (12)
Changes in inventories 58 (22) 18
Changes in prepaid expenses and other current assets (22) 12 (21)
Changes in accounts payable and other current liabilities 128 60 (102)
Changes in income taxes payable 20 (143) 14
Other, net 75 80 131
Net Cash Provided by Operating Activities 2,139 2,049 2,139
Cash Flows - Investing Activities      
Capital spending (973) (1,033) (1,049)
Proceeds from refranchising of restaurants 246 114 260
Acquisitions (9) (28) (99)
Other, net 54 11 2
Net Cash Used in Investing Activities (682) (936) (886)
Cash Flows - Financing Activities      
Proceeds from long-term debt 0 0 599
Repayments of long-term debt (263) (66) (666)
Revolving credit facilities, three months or less, net 285 416 0
Short-term borrowings by original maturity      
More than three months - proceeds 609 2 56
More than three months - payments 0 (2) (56)
Three months or less, net 0 0 0
Repurchase shares of Common Stock (1,200) (820) (770)
Excess tax benefit from share-based compensation 50 42 44
Employee stock option proceeds 12 29 37
Dividends paid on Common Stock (730) (669) (615)
Other, net (55) (46) (80)
Net Cash Used in Financing Activities (1,292) (1,114) (1,451)
Effect of Exchange Rate on Cash and Cash Equivalents (6) 6 (5)
Net Increase (Decrease) in Cash and Cash Equivalents 159 5 (203)
Cash and Cash Equivalents - Beginning of Year 578 573 776
Cash and Cash Equivalents - End of Year $ 737 $ 578 $ 573