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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,448 $ 389
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent 289 551
Depreciation and amortization 53 54
Asset Impairment Charges [1] 146 1
Refranchising (gain) loss (21) (10)
Other investment (income) expense, net [2] (57) (9)
Contributions to defined benefit pension plans (1) (11)
Deferred income taxes (20) 0
Share-based compensation expense 29 31
Changes in accounts and notes receivable 4 7
Changes in prepaid expenses and other current assets (26) (24)
Changes in accounts payable and other current liabilities (76) (171)
Changes in income taxes payable (49) (36)
Other, net 91 78
Net Cash Provided by Operating Activities 362 461
Cash Flows - Investing Activities    
Capital spending (67) (76)
Business Combination, Consideration Transferred (408) 0
Proceeds from refranchising of restaurants 3 25
Other, net 0 (1)
Net Cash Used in Investing Activities (472) (52)
Cash Flows - Financing Activities    
Proceeds from long-term debt 600 0
Repayments of long-term debt (41) (40)
Revolving credit facilities, three months or less, net 575 157
Short-term borrowings by original maturity    
More than three months - proceeds 85 48
More than three months - payments (90) (44)
Three months or less, net 0 0
Repurchase shares of Common Stock 0 (305)
Dividends paid on Common Stock (283) (257)
Payments of Debt Issuance Costs 7 0
Other, net (31) (51)
Net Cash Provided by (Used in) Financing Activities 808 (492)
Effect of Exchange Rates on Cash and Cash Equivalents (18) (2)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 680 $ (85)
Cash and Cash Equivalents - End of Period $ 1,243  
[1]
(b)
The year to date ended June 30, 2020 includes a charge of $139 million related to the impairment of Habit Burger Grill goodwill. See Note 2. The quarter and year to date ended June 30, 2020 also includes a charge of $6 million related to the write-off of software no longer being used.
[2]
(b)
Includes changes in the value of Grubhub, Inc. common stock and other investments (see Note 13).