Supplemental Balance Sheet Information

3 Months Ended

Jun. 30, 2018

Supplemental Balance Sheet Information Disclosure [Abstract]

Accounts and Notes Receivable, net

The Company’s receivables are primarily generated as a result of ongoing business relationships with our franchisees as a result of franchise and lease agreements. Trade receivables consisting of royalties from franchisees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable, net on our Condensed Consolidated Balance Sheets. Upon adoption of Topic 606, Accounts and notes receivable, net also includes receivables generated from advertising cooperatives that we consolidate which were previously recorded in Advertising cooperative assets, restricted.



	6/30/2018			12/31/2017
Accounts and notes receivable, gross	$	557		$	419
Allowance for doubtful accounts	(30		)	(19		)
Accounts and notes receivable, net	$	527		$	400

Property, Plant and Equipment, net



	6/30/2018			12/31/2017
Property, plant and equipment, gross	$	2,951		$	3,177
Accumulated depreciation and amortization	(1,418		)	(1,480		)
Property, plant and equipment, net	$	1,533		$	1,697

Assets held-for-sale at June 30, 2018 and December 31, 2017 total $67 million and $37 million, respectively, and are included in Prepaid expenses and other current assets on our Condensed Consolidated Balance Sheets.

Reconciliation of Cash and cash equivalents for Condensed Consolidated Statements of Cash Flows



	6/30/2018		12/31/2017
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	313	$	1,522
Restricted cash included in Prepaid expenses and other current assets^(a)	80		60
Restricted cash included in Other assets^(b)	16		17
Cash, Cash Equivalents and Restricted Cash as presented in Condensed Consolidated Statements of Cash Flows^(c)	$	409	$	1,599


(a)	Restricted cash within Prepaid expenses and other current assets primarily relates to the Taco Bell Securitization interest reserves and cash related to advertising cooperatives that we consolidate which can only be used to settle obligations of the respective cooperatives.


(b)	Primarily trust accounts related to our self-insurance program and cash balances required, to the extent necessary, to meet statutory minimum net worth requirements for legal entities which enter into U.S. franchise agreements.

(c)

Upon adoption of Topic 606 we reclassified $11 million and $58 million, respectively, from Advertising cooperative assets, restricted to Cash and cash equivalents and Prepaid expenses and other current assets. These amounts are included in the Beginning of Period balance of Cash, Cash Equivalents, Restricted Cash and Restricted Cash equivalents in our Condensed Consolidated Statement of Cash Flows for the year to date ended June 30, 2018.