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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,375 $ 836
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent 572 806
Depreciation and amortization 100 84
Asset Impairment Charges 156 0
Refranchising (gain) loss (30) (18)
Other investment (income) expense, net (67) 50
Contributions to defined benefit pension plans (2) (13)
Deferred income taxes (32) (10)
Share-based compensation expense 44 45
Changes in accounts and notes receivable 46 (4)
Changes in prepaid expenses and other current assets 11 (9)
Changes in accounts payable and other current liabilities 105 (96)
Changes in income taxes payable (152) (64)
Other, net 102 112
Net Cash Provided by Operating Activities 853 883
Cash Flows - Investing Activities    
Capital spending (99) (109)
Business Combination, Consideration Transferred (408) 0
Proceeds from refranchising of restaurants 13 55
Payments to Acquire Investments 206 0
Other, net 19 0
Net Cash Used in Investing Activities (269) (54)
Cash Flows - Financing Activities    
Proceeds from long-term debt 1,650 800
Repayments of long-term debt (1,142) (311)
Revolving credit facilities, three months or less, net 0 0
Short-term borrowings by original maturity    
More than three months - proceeds 85 80
More than three months - payments (90) (70)
Three months or less, net 0 0
Repurchase shares of Common Stock 0 (472)
Dividends paid on Common Stock (425) (385)
Payments of Debt Issuance Costs 20 9
Other, net (34) (73)
Net Cash Provided by (Used in) Financing Activities 24 (440)
Effect of Exchange Rates on Cash and Cash Equivalents (1) (27)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 607 $ 362
Cash and Cash Equivalents - End of Period $ 1,110