Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Cash Flows – Operating Activities
Net income - including noncontrolling interests		$ 652	$ 649
Depreciation and amortization		327	322
Non-cash operating lease cost		270	251
Closures and impairment expenses		30	14
Gain from re-measurement of equity interest upon acquisition	[1]	(239)
Investment gain	[2]	(75)	(39)
Equity income from investments in unconsolidated affiliates		(51)	(56)
Distributions of income received from unconsolidated affiliates		25	50
Deferred income taxes		73	12
Share-based compensation expense		27	21
Changes in accounts receivable		(19)	(2)
Changes in inventories		52	(22)
Changes in prepaid expenses and other current assets		31	7
Changes in accounts payable and other current liabilities		56	118
Changes in income taxes payable		62	32
Changes in non-current operating lease liabilities		(292)	(280)
Other, net		(30)	(32)
Net Cash Provided by Operating Activities		899	1,045
Cash Flows – Investing Activities
Capital spending		(284)	(310)
Purchases of short-term investments		(2,859)	(619)
Purchase of long-term time deposits		(57)
Maturities of short-term investments		1,066	366
Contribution to unconsolidated affiliates		(17)
Acquisition of business, net of cash acquired		(288)
Disposal of equity securities		54
Other, net		52	10
Net Cash Used in Investing Activities		(2,333)	(553)
Cash Flows – Financing Activities
Common stock issuance proceeds, net of issuance costs		2,203
Repurchase of shares of common stock		(8)	(207)
Cash dividends paid on common stock		(45)	(136)
Dividends paid to noncontrolling interests		(7)	(25)
Other, net		1
Net Cash Provided by (Used in) Financing Activities		2,144	(368)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash		17	(26)
Net Increase in Cash, Cash Equivalents and Restricted Cash		727	98
Cash, Cash Equivalents and Restricted Cash - Beginning of Period		1,055	1,266
Cash, Cash Equivalents and Restricted Cash - End of Period		1,782	1,364
Supplemental Cash Flow Data
Cash paid for income tax		105	185
Non-cash Investing and Financing Activities
Capital expenditures included in accounts payables and other current liabilities		$ 148	$ 112

[1] As a result of the acquisition of Suzhou KFC as disclosed in Note 2, the Company recognized a gain of $239 million from the re-measurement of our previously held 47% equity interest at fair value, which was not allocated to any segment for performance reporting purposes.

[2] Amounts have not been allocated to any segment for performance reporting purposes.