XML 26 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Current assets:          
Cash and cash equivalents $ 902 $ 913 $ 913 $ 852 $ 1,097
Accounts and notes receivable, net of allowance of $14 and $14, respectively 441 452 452    
Inventories, net 74 75 75    
Prepaids and other current assets 63 60 60    
Total current assets 1,480 1,500 1,500    
Property and equipment, net of accumulated depreciation and amortization of $645 and $704, respectively 2,011 2,022 1,996    
Operating lease assets 1,148 1,143      
Intangible assets, net 10,427 10,330 10,463    
Goodwill 5,555 5,486 5,486    
Net investment in property leased to franchisees 50 54 54    
Other assets, net 622 642 642    
Total assets 21,293 21,177 20,141    
Current liabilities:          
Accounts and drafts payable 451 513 513    
Other accrued liabilities 689 751 637    
Gift card liability 112 167 167    
Current portion of long term debt and finance leases 94 91 91    
Total current liabilities 1,346 1,522 1,408    
Term debt, net of current portion 11,747 11,758 11,823    
Finance leases, net of current portion 287 288      
Finance leases, net of current portion     226    
Operating lease liabilities, net of current portion 1,046 1,028      
Other liabilities, net 1,531 1,415 1,547    
Deferred income taxes, net 1,563 1,527 1,519    
Total liabilities 17,520 17,538 16,523    
Shareholders’ equity:          
Common shares, no par value; unlimited shares authorized at March 31, 2019 and December 31, 2018; 253,828,112 shares issued and outstanding at March 31, 2019; 251,532,493 shares issued and outstanding at December 31, 2018 1,812 1,737 1,737    
Retained earnings 692 686 674    
Accumulated other comprehensive income (loss) (775) (800) (800)    
Total Restaurant Brands International Inc. shareholders’ equity 1,729 1,623 1,611    
Noncontrolling interests 2,044 2,016 2,007    
Total shareholders’ equity 3,773 3,639 3,618 $ 4,242 $ 4,561
Total liabilities and shareholders’ equity $ 21,293 $ 21,177 $ 20,141