XML 56 R28.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Leasing Arrangements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
Detail of Rent Expense | The following table provides detail of rent expense:
In millions | 2019 |  |  | 2018 |  |  | 2017 |
Restaurants | $ | 1,530.4 |  |  | $ | 1,433.9 |  |  | $ | 1,562.5 |
Other | 76.4 |  |  | 87.9 |  |  | 82.0 |
Total rent expense | $ | 1,606.8 |  |  | $ | 1,521.8 |  |  | $ | 1,644.5 |
Schedule of Maturites of Operating Lease Liabilities | As of December 31, 2019, maturities of lease liabilities for our operating leases were as follows:
In millions | Total * |
2020 | $ | 1,161.9 |
2021 | 1,132.8 |
2022 | 1,091.4 |
2023 | 1,052.6 |
2024 | 1,010.3 |
Thereafter | 13,573.6 |
Total lease payments | 19,022.6 |
Less: imputed interest | (5,643.8 | )
Present value of lease liability | $ | 13,378.8 |
* Total lease payments include option periods that are reasonably assured of being exercised. See contractual cash outflows for operating leases within the Contractual Obligations and Commitments section on page 19.
Schedule of Future Minimum Rental Payments for Operating Leases | Future gross minimum rent payments due to the Company under existing conventional franchise arrangements are:
In millions | Owned sites |  |  | Leased sites |  |  | Total |
2020 |  | $ | 1,558.5 |  |  | $ | 1,449.8 |  |  | $ | 3,008.3 |
2021 |  | 1,501.4 |  |  | 1,382.5 |  |  | 2,883.9 |
2022 |  | 1,439.3 |  |  | 1,310.5 |  |  | 2,749.8 |
2023 |  | 1,384.8 |  |  | 1,246.4 |  |  | 2,631.2 |
2024 |  | 1,344.4 |  |  | 1,196.7 |  |  | 2,541.1 |
Thereafter |  | 11,155.2 |  |  | 9,354.5 |  |  | 20,509.7 |
Total minimum payments |  | $ | 18,383.6 |  |  | $ | 15,940.4 |  |  | $ | 34,324.0 |
As of December 31, 2018, prior to the adoption of ASC 842, future minimum payments required under existing operating leases with initial terms of one year or more were:
In millions | Restaurant |  |  | Other |  |  | Total * |
2019 |  | $ | 1,093.4 |  |  | $ | 51.3 |  |  | $ | 1,144.7 |
2020 |  | 1,032.1 |  |  | 51.0 |  |  | 1,083.1 |
2021 |  | 955.5 |  |  | 45.7 |  |  | 1,001.2 |
2022 |  | 873.8 |  |  | 35.7 |  |  | 909.5 |
2023 |  | 806.0 |  |  | 24.6 |  |  | 830.6 |
Thereafter |  | 7,132.3 |  |  | 164.9 |  |  | 7,297.2 |
Total minimum payments |  | $ | 11,893.1 |  |  | $ | 373.2 |  |  | $ | 12,266.3 |
* Future minimum payments exclude option periods that have not yet been exercised.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 + Details
Name: | us-gaap_ScheduleOfRentExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration