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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent $ 806 $ 1,208
Depreciation and amortization 84 103
Refranchising (gain) loss (18) (285)
Other investment (income) expense, net 50 (185)
Contributions to defined benefit pension plans (13) (9)
Deferred income taxes (10) 32
Share-based compensation expense 45 36
Changes in accounts and notes receivable (4) (35)
Changes in prepaid expenses and other current assets (9) 10
Changes in accounts payable and other current liabilities (96) (81)
Changes in income taxes payable (64) (47)
Other, net 112 49
Net Cash Provided by Operating Activities 883 796
Cash Flows - Investing Activities    
Capital spending (109) (147)
Investment in Grubhub Inc. common stock 0 (200)
Proceeds from refranchising of restaurants 55 445
Other, net 0 (9)
Net Cash Used in Investing Activities (54) 89
Cash Flows - Financing Activities    
Proceeds from long-term debt 800 106
Repayments of long-term debt (311) (462)
Revolving credit facilities, three months or less, net 0 273
Short-term borrowings by original maturity    
More than three months - proceeds 80 59
More than three months - payments (70) (59)
Three months or less, net 0 0
Repurchase shares of Common Stock (472) (1,684)
Dividends paid on Common Stock (385) (349)
Payments of Debt Issuance Costs (9) 0
Other, net (73) (45)
Net Cash Provided by (Used in) Financing Activities (440) (2,161)
Effect of Exchange Rates on Cash and Cash Equivalents (27) (55)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 362 (1,331)
Cash and Cash Equivalents - End of Period 691  
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows 474 1,668
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows $ 836 $ 337