Supplemental Balance Sheet Information

9 Months Ended

Sep. 30, 2020

Supplemental Balance Sheet Information Disclosure [Abstract]

Accounts and Notes Receivable, net

The Company’s receivables are primarily generated from ongoing business relationships with our franchisees as a result of franchise and lease agreements. Trade receivables consisting of royalties from franchisees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable, net in our Condensed Consolidated Balance Sheets. Accounts and notes receivable, net also includes receivables generated from advertising cooperatives that we consolidate.


	9/30/2020		12/31/2019
Accounts and notes receivable, gross	$	594	$	656
Allowance for doubtful accounts	(72)		(72)
Accounts and notes receivable, net	$	522	$	584

Property, Plant and Equipment, net


	9/30/2020		12/31/2019
Property, plant and equipment, gross	$	2,430	$	2,306
Accumulated depreciation and amortization	(1,201)		(1,136)
Property, plant and equipment, net	$	1,229	$	1,170

Assets held-for-sale totaled $10 million and $25 million, respectively, as of September 30, 2020 and December 31, 2019 and are included in Prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets.


Other Assets	9/30/2020		12/31/2019
Operating lease right-of-use assets	$	821	$	642
Investment in Grubhub, Inc. common stock(a)	—		137
Franchise incentives	163		174
Other	377		360
Other assets	$	1,361	$	1,313

(a) In the quarter ended September 30, 2020 we sold our entire investment in Grubhub, Inc. common stock and received proceeds of $206 million.

Reconciliation of Cash and Cash Equivalents for Condensed Consolidated Statements of Cash Flows


	9/30/2020		12/31/2019
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	1,110	$	605
Restricted cash included in Prepaid expenses and other current assets(a)	230		138
Restricted cash and restricted cash equivalents included in Other assets(b)	35		25
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	1,375	$	768

(a) Restricted cash within Prepaid expenses and other current assets reflects Taco Bell Securitization interest reserves and the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives.

(b) Primarily trust accounts related to our self-insurance program.