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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating activities        
Net income $ 1,607.9 $ 1,637.3 $ 4,453.2 $ 4,509.0
Charges and credits:        
Depreciation and amortization 413.4 375.1 1,204.3 1,103.0
Deferred income taxes 78.5 31.1 190.8 114.7
Share-based compensation 29.6 36.0 90.1 99.7
Other (64.2) (52.7) 2.2 (198.3)
Changes in working capital items 221.5 444.3 292.2 (173.0)
Cash provided by operations 2,286.7 2,471.1 6,232.8 5,455.1
Investing activities        
Capital expenditures (548.7) (703.8) (1,661.8) (1,867.9)
Purchases of restaurant and other businesses (41.0) (40.2) (434.8) (75.5)
Sales of restaurant businesses 49.4 109.5 249.9 439.4
Sales of property 21.1 11.3 112.3 135.8
Other (73.6) (98.1) (529.7) (203.0)
Cash (used for) investing activities (592.8) (721.3) (2,264.1) (1,571.2)
Financing activities        
Net short-term borrowings (600.7) (801.4) (105.6) (5.7)
Long-term financing issuances 1,975.0 1,791.9 4,494.8 3,792.1
Long-term financing repayments (667.9) (1.9) (2,064.1) (1,004.7)
Treasury stock purchases (1,467.8) (1,040.7) (3,531.3) (4,280.8)
Common stock dividends (876.9) (779.8) (2,646.7) (2,363.4)
Proceeds from stock option exercises 73.4 69.2 323.4 236.2
Other (12.7) (5.3) (23.5) (12.1)
Cash (used for) financing activities (1,577.6) (768.0) (3,553.0) (3,638.4)
Effect of exchange rates on cash and cash equivalents (73.5) (30.8) (104.4) (134.8)
Cash and equivalents increase 42.8 951.0 311.3 110.7
Cash and equivalents at beginning of period 1,134.5 1,623.5 866.0 2,463.8
Cash and equivalents at end of period $ 1,177.3 $ 2,574.5 $ 1,177.3 $ 2,574.5