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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent $ 551 $ 754
Depreciation and amortization 54 71
Refranchising (gain) loss (10) (185)
Other investment (income) expense, net (9) (89)
Contributions to defined benefit pension plans (11) (5)
Deferred income taxes 0 (23)
Share-based compensation expense 31 27
Changes in accounts and notes receivable 7 (15)
Changes in prepaid expenses and other current assets (24) 4
Changes in accounts payable and other current liabilities (171) (160)
Changes in income taxes payable (36) (15)
Other, net 79 17
Net Cash Provided by Operating Activities 461 381
Cash Flows - Investing Activities    
Capital spending (76) (85)
Investment in Grubhub Inc. common stock 0 (200)
Proceeds from refranchising of restaurants 25 252
Other, net (1) (9)
Net Cash Used in Investing Activities (52) (42)
Cash Flows - Financing Activities    
Proceeds from long-term debt 0 106
Repayments of long-term debt (40) (449)
Revolving credit facilities, three months or less, net 157 202
Short-term borrowings by original maturity    
More than three months - proceeds 48 51
More than three months - payments (44) (43)
Three months or less, net 0 0
Repurchase shares of Common Stock (305) (1,168)
Dividends paid on Common Stock (257) (236)
Other, net (51) (42)
Net Cash Provided by (Used in) Financing Activities (492) (1,579)
Effect of Exchange Rates on Cash and Cash Equivalents (2) (19)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (85) (1,259)
Cash and Cash Equivalents - End of Period 252  
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows $ 389 $ 409