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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent $ 262 $ 433
Depreciation and amortization 26 37
Refranchising (gain) loss (6) (156)
Other investment (income) expense, net 16 (66)
Contributions to defined benefit pension plans (9) (3)
Deferred income taxes (1) (1)
Share-based compensation expense 17 17
Changes in accounts and notes receivable 14 4
Changes in prepaid expenses and other current assets (13) (22)
Changes in accounts payable and other current liabilities (50) (99)
Changes in income taxes payable (5) 13
Other, net 49 32
Net Cash Provided by Operating Activities 300 189
Cash Flows - Investing Activities    
Capital spending (44) (42)
Proceeds from refranchising of restaurants 14 205
Other, net (4) 1
Net Cash Used in Investing Activities (34) 164
Cash Flows - Financing Activities    
Proceeds from long-term debt 0 0
Repayments of long-term debt (20) (332)
Revolving credit facilities, three months or less, net 0 0
Short-term borrowings by original maturity    
More than three months - proceeds 58 12
More than three months - payments (41) (7)
Three months or less, net 0 0
Repurchase shares of Common Stock (109) (498)
Dividends paid on Common Stock (129) (120)
Other, net (37) (31)
Net Cash Provided by (Used in) Financing Activities (278) (976)
Effect of Exchange Rates on Cash and Cash Equivalents 12 38
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 0 $ (585)
Cash and Cash Equivalents - End of Period 278  
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows $ 474