Supplemental Balance Sheet Information

3 Months Ended

Mar. 31, 2021

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.


	3/31/2021		12/31/2020
Accounts and notes receivable, gross	$	545	$	579
Allowance for doubtful accounts	(37)		(45)
Accounts and notes receivable, net	$	508	$	534

Property, Plant and Equipment, net


	3/31/2021		12/31/2020
Property, plant and equipment, gross	$	2,466	$	2,465
Accumulated depreciation and amortization	(1,251)		(1,230)
Property, plant and equipment, net	$	1,215	$	1,235

Assets held-for-sale totaled $17 million and $7 million, respectively, as of March 31, 2021 and December 31, 2020, and are included in Prepaid expenses and other current assets in our Condensed Consolidated Balance Sheets.


Other Assets	3/31/2021		12/31/2020
Operating lease right-of-use assets(a)	$	840	$	851

Franchise incentives	171		163
Other	405		421
Other assets	$	1,416	$	1,435

(a) Non-current operating lease liabilities of $816 million and $823 million as of March 31, 2021 and December 31, 2020, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.

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


	3/31/2021		12/31/2020
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	561	$	730
Restricted cash included in Prepaid expenses and other current assets(a)	207		258
Restricted cash and restricted cash equivalents included in Other assets(b)	34		36
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	802	$	1,024

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

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