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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,033 $ 1,178
Accounts and notes receivable, net of allowance of $41 and $36, respectively 612 614
Inventories, net 145 133
Prepaids and other current assets 103 123
Total current assets 1,893 2,048
Property and equipment, net of accumulated depreciation and amortization of $1,092 and $1,061, respectively 1,943 1,950
Operating lease assets, net 1,075 1,082
Intangible assets, net 11,005 10,991
Goodwill 5,700 5,688
Net investment in property leased to franchisees 83 82
Other assets, net 827 905
Total assets 22,526 22,746
Current liabilities:    
Accounts and drafts payable 679 758
Other accrued liabilities 901 1,001
Gift card liability 174 230
Current portion of long-term debt and finance leases 128 127
Total current liabilities 1,882 2,116
Long-term debt, net of current portion 12,821 12,839
Finance leases, net of current portion 310 311
Operating lease liabilities, net of current portion 1,019 1,027
Other liabilities, net 895 872
Deferred income taxes, net 1,288 1,313
Total liabilities 18,215 18,478
Shareholders’ equity:    
Common shares, no par value; Unlimited shares authorized at March 31, 2023 and December 31, 2022; 311,171,545 shares issued and outstanding at March 31, 2023; 307,142,436 shares issued and outstanding at December 31, 2022 2,157 2,057
Retained earnings 1,134 1,121
Accumulated other comprehensive income (loss) (716) (679)
Total Restaurant Brands International Inc. shareholders’ equity 2,575 2,499
Noncontrolling interests 1,736 1,769
Total shareholders’ equity 4,311 4,268
Total liabilities and shareholders’ equity $ 22,526 $ 22,746