XML 18 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 11, 2016
Jun. 13, 2015
Cash Flows - Operating Activities    
Net Income - including noncontrolling interests $ 730 $ 597
Depreciation and amortization 314 326
Closures and impairment (income) expenses 40 27
Refranchising (gain) loss (60) 58
Contributions to defined benefit pension plans (3) (78)
Deferred income taxes (43) (77)
Equity income from investments in unconsolidated affiliates (26) (16)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 13 4
Excess tax benefits from share-based compensation (26) (40)
Share-based compensation expense 27 28
Changes in accounts and notes receivable 32 16
Changes in inventories (29) 21
Changes in prepaid expenses and other current assets 3 (27)
Changes in accounts payable and other current liabilities (44) 17
Changes in income taxes payable 84 91
Changes in restricted cash (81) (6)
Other, net (35) 6
Net Cash Provided by Operating Activities 896 947
Cash Flows - Investing Activities    
Capital spending (343) (404)
Changes in short-term investments, net (51) (16)
Proceeds from refranchising of restaurants 98 29
Other, net 8 39
Net Cash Used in Investing Activities (288) (352)
Cash Flows - Financing Activities    
Proceeds from long-term debt 2,300 0
Repayments of long-term debt (304) (7)
Short-term borrowings by original maturity    
More than three months - proceeds 1,400 0
More than three months - payments (2,000) 0
Three months or less, net 0 0
Revolving credit facilities, three months or less, net 37 65
Repurchase shares of Common Stock (1,559) (287)
Excess tax benefits from share-based compensation 26 40
Employee stock option proceeds 2 11
Dividends paid on Common Stock (379) (355)
Other, net (61) (43)
Net Cash Used in Financing Activities (538) (576)
Effect of Exchange Rates on Cash and Cash Equivalents (12) 39
Net Increase in Cash and Cash Equivalents 58 58
Cash and Cash Equivalents - Beginning of Period 737 578
Cash and Cash Equivalents - End of Period $ 795 $ 636