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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 1,540   $ 1,533 $ 1,028   $ 913
Accounts and notes receivable, net of allowance of $41 and $13, respectively 520   527      
Inventories, net 96   84      
Prepaids and other current assets 71   52      
Total current assets 2,227   2,196      
Property and equipment, net of accumulated depreciation and amortization of $793 and $746, respectively 1,958   2,007      
Operating lease assets, net 1,117   1,176      
Intangible assets, net 10,288   10,563      
Goodwill 5,498   5,651      
Net investment in property leased to franchisees 62   48      
Other assets, net 866   719      
Total assets 22,016   22,360      
Current liabilities:            
Accounts and drafts payable 470   644      
Other accrued liabilities 596   790      
Gift card liability 112   168      
Current portion of long-term debt and finance leases 106   101      
Total current liabilities 1,284   1,703      
Long-term debt, net of current portion 12,310   11,759      
Finance leases, net of current portion 299   288      
Operating lease liabilities, net of current portion 1,046   1,089      
Other liabilities, net 1,810   1,698      
Deferred income taxes, net 1,415   1,564      
Total liabilities 18,164   18,101      
Partners’ capital:            
Accumulated other comprehensive income (loss) (1,572)   (1,178)      
Total Partners’ capital 3,849   4,255      
Noncontrolling interests 3   4      
Total equity 3,852 $ 3,752 4,259 3,960 $ 3,773 3,618
Total liabilities and equity 22,016   22,360      
Class A common units            
Partners’ capital:            
Class A common units; 202,006,067 issued and outstanding at June 30, 2020 and December 31, 2019 7,947   7,786      
Total equity 7,947 7,840 7,786 4,495 4,423 4,323
Partnership exchangeable units            
Partners’ capital:            
Partnership exchangeable units; 162,834,299 issued and outstanding at June 30, 2020; 165,507,199 issued and outstanding at December 31, 2019 (2,526)   (2,353)      
Total equity $ (2,526) $ (2,370) $ (2,353) $ 746 $ 737 $ 730