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Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Assets and Liabilities of Variable Interest Entities

The balance sheet data associated with Restaurant VIEs and Advertising VIEs presented on a gross basis, prior to consolidation adjustments, are as follows:

 

     As of September 30, 2015      As of December 31, 2014  
     Restaurant
VIE’s
     Advertising
VIE’s
     Restaurant
VIE’s
     Advertising
VIE’s
 

Cash and cash equivalents

   $ 3.8      $ —         $ 5.9       $ —     

Inventories and other current assets, net

     3.5        —           5.2         —     

Advertising fund restricted assets – current

     —           58.6         —           53.0   

Property and equipment, net

     7.3        40.6         10.7         55.7   

Other assets, net

     0.1        0.1         0.2         0.4   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ 14.7      $ 99.3       $ 22.0       $ 109.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

Notes payable to Tim Hortons Inc. – current (1)(2)

   $ 7.1      $ 9.9       $ 9.2       $ 11.4   

Other accrued liabilities

     4.8        —           7.5         0.2   

Advertising fund liabilities – current

     —           53.1         —           45.5   

Notes payable to Tim Hortons Inc. – long-term (1)(2)

     0.1        32.2         0.3         45.5   

Other liabilities, net

     1.5        4.1         3.9         6.5   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

     13.5        99.3         20.9         109.1   

Equity of VIEs

     1.2        —           1.1         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities and equity

   $ 14.7      $ 99.3       $ 22.0       $ 109.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Various assets and liabilities are eliminated upon the consolidation of these VIEs.
(2) In fiscal 2014, the Ad Fund entered into an agreement with a Tim Hortons subsidiary for the Tim Card Revolving Credit Facility and the Tim Card Loan. These balances are eliminated upon consolidation of the Ad Fund.