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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 1,328.4 $ 1,375.4
Charges and credits:    
Depreciation and amortization 392.6 362.9
Deferred income taxes 54.3 29.2
Share-based compensation 31.6 39.8
Other 51.5 (54.9)
Changes in working capital items 162.2 (107.2)
Cash provided by operations 2,020.6 1,645.2
Investing activities    
Capital expenditures (515.3) (552.8)
Purchases of restaurant businesses (9.0) (23.7)
Sales of restaurant businesses 131.9 186.7
Sales of property 22.3 71.7
Other (401.2) (41.0)
Cash (used for) investing activities (771.3) (359.1)
Financing activities    
Net short-term borrowings (94.0) 556.0
Long-term financing issuances 2,513.3 1,499.7
Long-term financing repayments (415.0) (1,001.6)
Treasury stock purchases (996.1) (1,632.9)
Common stock dividends (886.8) (797.5)
Proceeds from stock option exercises 110.6 75.3
Other (11.3) (5.2)
Cash provided by (used for) financing activities 220.7 (1,306.2)
Effect of exchange rates on cash and cash equivalents (46.9) 24.3
Cash and equivalents increase 1,423.1 4.2
Cash and equivalents at beginning of period 866.0 2,463.8
Cash and equivalents at end of period $ 2,289.1 $ 2,468.0