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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Current assets:                  
Cash and cash equivalents $ 1,699     $ 913 $ 913        
Accounts and notes receivable, net of allowance of $16 and $14, respectively 472     452 452        
Inventories, net 83     75 75        
Prepaids and other current assets 86     60 60        
Total current assets 2,340     1,500 1,500        
Property and equipment, net of accumulated depreciation and amortization of $680 and $704, respectively 1,981     2,022 1,996        
Operating lease assets, net 1,147     1,143          
Intangible assets, net 10,439     10,330 10,463        
Goodwill 5,579     5,486 5,486        
Net investment in property leased to franchisees 47     54 54        
Other assets, net 716     642 642        
Total assets 22,249     21,177 20,141        
Current liabilities:                  
Accounts and drafts payable 510     513 513        
Other accrued liabilities 797       637        
Gift card liability 94     167 167        
Current portion of long term debt and finance leases 776     91 91        
Total current liabilities 2,177     1,522 1,408        
Term debt, net of current portion 11,568     11,758 11,823        
Finance leases, net of current portion 279     288          
Finance leases, net of current portion         226        
Operating lease liabilities, net of current portion 1,055     1,028          
Other liabilities, net 1,598     1,415 1,547        
Deferred income taxes, net 1,509     1,527 1,519        
Total liabilities 18,186     17,538 16,523        
Partners’ capital:                  
Accumulated other comprehensive income (loss) (1,334)     (1,437) (1,437)        
Total Partners’ capital 4,061     3,637 3,616        
Noncontrolling interests 2     2 2        
Total equity 4,063 $ 3,960 $ 3,773 3,639 3,618 $ 4,396 $ 4,225 $ 4,242 $ 4,561
Total liabilities and equity 22,249     21,177 20,141        
Class A common units                  
Partners’ capital:                  
Class A common units; 202,006,067 issued and outstanding at September 30, 2019 and December 31, 2018 7,753       4,323        
Total equity 7,753 4,495 4,423   4,323 4,256 4,193 4,118 4,168
Partnership Exchangeable Units                  
Partners’ capital:                  
Partnership exchangeable units; 166,138,500 issued and outstanding at September 30, 2019; 207,523,591 issued and outstanding at December 31, 2018 (2,358)     $ 739 730        
Total equity $ (2,358) $ 746 $ 737   $ 730 $ 1,247 $ 1,235 $ 1,189 $ 1,276