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Supplemental Balance Sheet Information
 3 Months Ended
Mar. 31, 2024
Supplemental Balance Sheet Information Disclosure [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information
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.
3/31/202412/31/2023
Accounts and notes receivable, gross$741 $776 
Allowance for doubtful accounts(55)(39)
Accounts and notes receivable, net$686 $737 

Property, Plant and Equipment, net
3/31/202412/31/2023
Property, plant and equipment, gross$2,536 $2,529 
Accumulated depreciation and amortization(1,346)(1,332)
Property, plant and equipment, net$1,190 $1,197 
Other Assets3/31/202412/31/2023
Operating lease right-of-use assets(a)
$755 $764 
Franchise incentives180 175 
Investment in Devyani International Limited (See Note 12)
— 124 
Other293 298 
Other assets$1,228 $1,361 

(a)    Non-current operating lease liabilities of $748 million and $757 million as of March 31, 2024 and December 31, 2023, 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
3/31/202412/31/2023
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets$652 $512 
Restricted cash included in Prepaid expenses and other current assets(a)
191 177 
Restricted cash and restricted cash equivalents included in Other assets(b)
35 35 
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows$878 $724 

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

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