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Segment and Geographic Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment and Geographic Information |
Segment and Geographic Information
On February 25, 2019, the Company provided investors with segment summary financial information and other data in accordance with its new organizational structure for the previously reported years ended December 31, 2016 through 2018. Effective January 1, 2019, McDonald’s operates under an organizational structure with the following global business segments reflecting how management reviews and evaluates operating performance:
• | U.S. - the Company’s largest market. The segment is 95% franchised as of December 31, 2019.
• | International Operated Markets - comprised of markets, or countries in which the Company operates and franchises restaurants, including Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain and the U.K. The segment is 84% franchised as of December 31, 2019.
• | International Developmental Licensed Markets & Corporate - comprised primarily of developmental licensee and affiliate markets in the McDonald’s system. Corporate activities are also reported in this segment. The segment is 98% franchised as of December 31, 2019.
In April and October 2019, the Company completed the acquisitions of Dynamic Yield and Apprente, respectively. The related financial performance is reflected within the International Developmental Licensed Markets & Corporate segment from the dates of acquisition. All intercompany revenues and expenses are eliminated in computing revenues and operating income. Corporate general and administrative expenses consist of home office support costs in areas such as facilities, finance, human resources, information technology, legal, marketing, restaurant operations, supply chain and training. Corporate assets include corporate cash and equivalents, asset portions of financial instruments and home office facilities.
In millions | 2019 |  |  | 2018 |  |  | 2017 |  |
U.S. | $ | 7,842.7 |  |  | $ | 7,665.8 |  |  | $ | 8,006.4 |  |
International Operated Markets | 11,398.6 |  |  | 11,506.7 |  |  | 11,115.9 |  |
International Developmental Licensed Markets & Corporate | 1,835.2 |  |  | 1,852.7 |  |  | 3,698.1 |  |
Total revenues | $ | 21,076.5 |  |  | $ | 21,025.2 |  |  | $ | 22,820.4 |  |
U.S. | $ | 4,068.7 |  |  | $ | 4,015.6 |  |  | $ | 4,022.4 |  |
International Operated Markets | 4,789.0 |  |  | 4,643.2 |  |  | 4,173.6 |  |
International Developmental Licensed Markets & Corporate | 212.1 |  |  | 163.8 |  |  | 1,356.7 |  |
Total operating income | $ | 9,069.8 |  |  | $ | 8,822.6 |  |  | $ | 9,552.7 |  |
U.S. | $ | 21,376.9 |  |  | $ | 14,483.8 |  |  | $ | 12,648.6 |  |
International Operated Markets | 22,847.5 |  |  | 17,302.3 |  |  | 16,254.8 |  |
International Developmental Licensed Markets & Corporate | 3,286.4 |  |  | 1,025.1 |  |  | 4,900.3 |  |
Total assets * | $ | 47,510.8 |  |  | $ | 32,811.2 |  |  | $ | 33,803.7 |  |
U.S. | $ | 1,480.5 |  |  | $ | 1,849.8 |  |  | $ | 861.2 |  |
International Operated Markets | 886.6 |  |  | 762.4 |  |  | 808.0 |  |
International Developmental Licensed Markets & Corporate | 26.6 |  |  | 129.5 |  |  | 184.5 |  |
Total capital expenditures | $ | 2,393.7 |  |  | $ | 2,741.7 |  |  | $ | 1,853.7 |  |
U.S. | $ | 730.2 |  |  | $ | 598.4 |  |  | $ | 524.1 |  |
International Operated Markets | 669.3 |  |  | 703.9 |  |  | 687.1 |  |
International Developmental Licensed Markets & Corporate | 218.4 |  |  | 179.7 |  |  | 152.2 |  |
Total depreciation and amortization | $ | 1,617.9 |  |  | $ | 1,482.0 |  |  | $ | 1,363.4 |  |
* Total assets increased from 2018 to 2019 primarily due to the Company's right-of-use asset recorded as a result of the adoption of ASC 842. Total long-lived assets, primarily property and equipment and beginning in 2019, the Company's lease right-of-use asset, were (in millions)–Consolidated: 2019–$38,291.5; 2018– $23,671.1; U.S. based: 2019–$19,487.6; 2018–$12,250.3.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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