XML 64 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Cash Flows [Abstract]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,310 $ 474
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent 83 262
Depreciation and amortization 27 26
Asset Impairment Charges [1] 140 0
Refranchising (gain) loss (13) (6)
Other investment (income) expense, net [2] 34 16
Contributions to defined benefit pension plans (1) (9)
Deferred income taxes (31) (1)
Share-based compensation expense 18 17
Changes in accounts and notes receivable 25 14
Changes in prepaid expenses and other current assets (17) (13)
Changes in accounts payable and other current liabilities (51) (50)
Changes in income taxes payable (11) (5)
Other, net 35 49
Net Cash Provided by Operating Activities 238 300
Cash Flows - Investing Activities    
Capital spending (35) (44)
Business Combination, Consideration Transferred (408) 0
Proceeds from refranchising of restaurants 2 14
Other, net 0 (4)
Net Cash Used in Investing Activities (441) (34)
Cash Flows - Financing Activities    
Proceeds from long-term debt 0 0
Repayments of long-term debt (20) (20)
Revolving credit facilities, three months or less, net 950 0
Short-term borrowings by original maturity    
More than three months - proceeds 66 58
More than three months - payments (44) (41)
Three months or less, net 0 0
Repurchase shares of Common Stock 0 (109)
Dividends paid on Common Stock (141) (129)
Other, net (13) (37)
Net Cash Provided by (Used in) Financing Activities 798 (278)
Effect of Exchange Rates on Cash and Cash Equivalents (53) 12
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 542 $ 0
Cash and Cash Equivalents - End of Period $ 1,154  
[1]
(a)
The quarter ended March 31, 2020 includes a charge of $139 million related to the impairment of Habit Burger Grill goodwill. See Note 2.
[2]
Includes changes in the value of Grubhub, Inc. common stock and other investments (see Note 13).