<SEC-DOCUMENT>0000898822-20-000056.txt : 20200810
<SEC-HEADER>0000898822-20-000056.hdr.sgml : 20200810
<ACCEPTANCE-DATETIME>20200810090303
ACCESSION NUMBER:		0000898822-20-000056
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20200810
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200810
DATE AS OF CHANGE:		20200810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				362361282
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05231
		FILM NUMBER:		201087386

	BUSINESS ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
		BUSINESS PHONE:		630 623 3000

	MAIL ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
</SEC-HEADER>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">UNITED STATES<span style="font-size: 18pt; font-family: 'Times New Roman', Times, serif;"><br />
      </span>SECURITIES AND EXCHANGE COMMISSION</div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Washington, D.C.&#160; 20549</div>

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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">CURRENT REPORT<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br />
      </span>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>

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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Date of Report (Date of earliest event reported):&#160; <ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_fd5bbd16e16f42a79df1cbb87bcfe0a7" contextRef="c20200810to20200810" format="ixt:datemonthdayyearen">August 10, 2020</ix:nonNumeric></div>

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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Exact name of registrant as specified in its charter)</div>

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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">&#160;</div>
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              </span>incorporation or organization)</div>
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            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Commission File<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br />
              </span>Number)</div>
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            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(IRS Employer<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br />
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Address of principal executive offices)(Zip Code)</div>

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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(<ix:nonNumeric name="dei:CityAreaCode" id="Fact_6f07deaf729a499db69cb7f7815ca587" contextRef="c20200810to20200810">630</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_5e5f048721824de995c174ba5f72b73e" contextRef="c20200810to20200810">623-3000</ix:nonNumeric></div>

    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(Registrant&#8217;s telephone number, including area code)</div>

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    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
      following provisions:</div>

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    </div>

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      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>

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      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>

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      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>

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      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>

    <div><br />
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    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Securities Registered Pursuant to Section 12(b) of the Act:</div>

    <div><br />
    </div>

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    <td style="width: 33.66%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>

    <td style="width: 30.24%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>

    <td style="width: 36.1%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>

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    <td style="width: 33.66%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Title of Each Class</div>
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            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Trading Symbol(s)</div>
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    <td style="width: 36.1%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Name of Each Exchange on Which Registered</div>
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    <td style="width: 33.66%; vertical-align: middle; border-bottom: #000000 2px solid;">
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            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="background-color: #FFFFFF;"><ix:nonNumeric name="dei:TradingSymbol" id="Fact_95fc1993b51b4d3283ef7c18cf81ccbd" contextRef="c20200810to20200810">MCD</ix:nonNumeric><br />
              </span></div>
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    <div style="text-align: left; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;&#160;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167; 240.12b-2 of this chapter).</div>

    <div style="text-align: left; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Emerging growth company&#160; <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_d702b4a93fac45809bef189aed7fd172" contextRef="c20200810to20200810" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric></div>

    <div style="text-align: left; margin-top: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
      with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160; &#9744;</div>

    <div>
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    <td style="width: 72pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Item 8.01</td>

    <td style="width: auto; vertical-align: top; text-align: left;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="background-color: #FFFFFF;">Other Events.</span></div>
          </td>

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    <div style="text-align: left; text-indent: 35pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On November 3, 2019, McDonald&#8217;s Corporation (the &#8220;Company&#8221;) announced the termination of its former chief executive
      officer, Stephen Easterbrook, following the determination of the Board of Directors (the &#8220;Board&#8221;) that he violated Company policy and demonstrated poor judgment involving a consensual relationship with an employee.&#160; Additional information about Mr.
      Easterbrook&#8217;s conduct has recently come to the attention of the Board through an employee report and prompted further investigation.&#160; Based on the results of the investigation, the Board concluded that Mr. Easterbrook lied to the Company and the
      Board and destroyed information regarding inappropriate personal behavior and in fact had been involved in sexual relationships with three additional Company employees prior to his termination, all in violation of Company policy.&#160; Had the Board been
      aware of this information, it would not have approved the terms of the Separation Agreement dated as of November 1, 2019, by and between Mr. Easterbrook and the Company (the &#8220;Separation Agreement&#8221;).&#160; Accordingly, the Company has brought an action
      against Mr. Easterbrook in the Court of Chancery of the State of Delaware to recover compensation and severance benefits that would not have been retained by Mr. Easterbrook had he been terminated for cause.&#160; In addition, the Company has taken
      immediate action to prevent Mr. Easterbrook from exercising any stock options or selling any stock issuable in respect of outstanding equity awards.&#160; The Company&#8217;s complaint alleges that Mr. Easterbrook breached his fiduciary duties as an officer and
      director of the Company and committed fraud in the inducement, and seeks, among other things, compensatory damages for all the amounts paid to Mr. Easterbrook under the Separation Agreement and other costs and expenses incurred by the Company by
      virtue of his misconduct.</div>

    <div style="text-align: left; text-indent: 35pt; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman', Times, serif;">A copy of the
        complaint filed by the Company with </span>the Court of Chancery of the State of Delaware<span style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> is filed as Exhibit 99.1 and is incorporated herein
        by reference.</span></div>

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    <td style="width: 72pt; vertical-align: top; align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Item 9.01.</td>

    <td style="width: auto; vertical-align: top; text-align: left;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Financial Statements and Exhibits.</div>
          </td>

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</table>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">(d)&#160; Exhibits.</div>

    <div><br />
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            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Exhibit No.</div>
          </td>

    <td style="width: 84.79%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Description</div>
          </td>

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    <td style="width: 15.21%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">99.1</div>
          </td>

    <td style="width: 84.79%; vertical-align: top;">
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><a href="mcd8k.htm">Complaint, dated as of August 10,
                2020, filed by McDonald&#8217;s Corporation with the Court of Chancery of the State of Delaware.</a></div>
          </td>

  </tr>

  <tr>

    <td style="width: 15.21%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">104</div>
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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">SIGNATURES</div>

      <div style="text-align: center;"><br />
      </div>

      <div style="text-align: left; text-indent: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
        behalf by the undersigned hereunto duly authorized.</div>

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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">McDONALD&#8217;S</span> CORPORATION</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(Registrant)</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">August 10, 2020</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">By:</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ Jerome N. Krulewitch</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Jerome N. Krulewitch</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Corporate Executive Vice President, General Counsel and Secretary</div>
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    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE</div>
    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">MCDONALD&#8217;S CORPORATION</font>,</div>
            <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Plaintiff,</div>
            <div style="text-align: left; text-indent: 35.5pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">v.</div>
            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">STEPHEN J. EASTERBROOK</font>,</div>
            <div style="text-align: left; text-indent: 72pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Defendant.</div>
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            <div style="text-align: left; margin-left: 20.85pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">C.A. No. ___________</div>
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    <div style="text-align: center; margin-top: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"><u> <br>
      </u></div>
    <div style="text-align: center; margin-top: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"><u>VERIFIED COMPLAINT</u></div>
    <div><br>
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    <div style="line-height: normal; font-family: 'Times New Roman', Times, serif; font-size: 14pt; text-align: left; text-indent: 36pt;">McDonald&#8217;s Corporation (&#8220;McDonald&#8217;s&#8221; or the &#8220;Company&#8221;), by and through its undersigned counsel, alleges based upon
      personal knowledge as to itself and its own conduct and upon information and belief as to all other matters, as follows:</div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"><br>
      INTRODUCTION</div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">1.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">McDonald&#8217;s is one of the world&#8217;s largest restaurant companies and an iconic brand.&#160; The Company strives to provide a wholesome, family-oriented, and affordable experience for
        its customers and a safe and respectful workplace for its employees.&#160; Its most fundamental value is integrity.&#160; As its founder Ray Kroc said, &#8220;The basis for our entire business is that we are ethical, truthful and dependable.&#8221;&#160; The Company&#8217;s board
        of directors believes that as deeply today as Ray Kroc did in 1958.</font></div>
    <div style="text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">2.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">In October 2019, the Company learned of an allegation that its chief executive officer, Steve Easterbrook, had engaged in an inappropriate personal relationship with a
        McDonald&#8217;s employee.&#160; The board immediately commissioned an investigation of the allegation.&#160; The investigation confirmed that the alleged relationship had occurred and revealed that it had been a non-physical, consensual relationship involving
        texting and video calls.&#160; Easterbrook told McDonald&#8217;s investigators that the relationship was the only one of an intimate nature he had ever had with a McDonald&#8217;s employee.&#160; And he asserted that he had never engaged in a physical sexual
        relationship with any McDonald&#8217;s employee.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">3.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">On November 1, the McDonald&#8217;s board decided to fire Easterbrook.&#160; The board concluded not only that he had violated Company policy by engaging in an inappropriate relationship
        with a subordinate, but also that his conduct demonstrated poor judgment that disqualified him from continued service as the CEO.&#160; His conduct, the directors determined, was irreconcilable with the culture of professionalism and integrity that had
        been the bedrock of the Company&#8217;s success and that they worked continually to promote.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">4.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Based on the information available to it, and after carefully weighing the alternatives, the board decided to negotiate a separation agreement with Easterbrook under which he
        would be terminated &#8220;without cause,&#8221; which entitled him to receive substantial severance benefits.</font></div>
    <div style="text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">5.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">McDonald&#8217;s has now learned that Easterbrook concealed evidence and lied about his wrongdoing.&#160; Recently identified evidence shows that Easterbrook had physical sexual
        relationships with three McDonald&#8217;s employees in the year before his termination; that he approved an extraordinary stock grant, worth hundreds of thousands of dollars, for one of those employees in the midst of their sexual relationship; and that
        he was knowingly untruthful with McDonald&#8217;s investigators in 2019.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">6.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">These actions constitute breaches of Easterbrook&#8217;s duties to McDonald&#8217;s.&#160; Had Easterbrook been candid with McDonald&#8217;s investigators and not concealed evidence, McDonald&#8217;s would
        have known that it had legal cause to terminate him in 2019 and would not have agreed that his termination was &#8220;without cause.&#8221;&#160; Accordingly, McDonald&#8217;s brings this action to redress the injuries it has suffered by virtue of Easterbrook&#8217;s fiduciary
        breaches and deceit.</font></div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"><font style="background-color: #FFFFFF;"> <br>
      </font></div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"><font style="background-color: #FFFFFF;">JURISDICTION</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">7.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;"><font style="background-color: #FFFFFF; font-size: 14pt; font-family: 'Times New Roman', Times, serif;">This Court has jurisdiction over this action under </font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;"><font style="background-color: #FFFFFF; font-size: 14pt; font-family: 'Times New Roman', Times, serif;">10 </font><font style="background-color: #FFFFFF; font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Del. C.</font><font style="background-color: #FFFFFF; font-size: 14pt; font-family: 'Times New Roman', Times, serif;"> &#167;&#160;341.</font></font></font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">8.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">This Court has jurisdiction over Easterbrook under 10 <font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Del. C.</font> &#167;&#160;3104 and
        <font style="background-color: #FFFFFF; font-size: 14pt; font-family: 'Times New Roman', Times, serif;">&#167;&#160;3114.</font></font></div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
    </div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">PARTIES</div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">9.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">McDonald&#8217;s is a Delaware corporation.&#160; Its principal executive offices are located at 110 North Carpenter Street, Chicago, Illinois.&#160; The Company operates and franchises
        McDonald&#8217;s restaurants in more than 100 countries.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">10.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Defendant Stephen J. Easterbrook is a citizen of the United Kingdom.&#160; From March 1, 2015 until November 1, 2019, he served as the president and CEO of McDonald&#8217;s, as well as a
        member of its board of directors.</font></div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">MCDONALD&#8217;S VALUES AND POLICIES</div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">11.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">For McDonald&#8217;s, the ethical operation of its business is not just a legal imperative, but also a cherished value.&#160; The Company holds the conduct of its employees and its
        business to high standards of fairness, honesty, and integrity.&#160; And the Company is committed to creating a professional work environment that fosters respect for its employees, who are essential to its continued success.&#160; These values are embodied
        in its policies governing employee conduct.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">12.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Company&#8217;s Standards of Business Conduct apply to all employees.&#160; That code requires employees to, among other things, &#8220;avoid any situation in which . . . personal or
        financial interests might cause . . . business loyalties to be divided&#8221; and to &#8220;disclos[e] any actual or potential conflict of interest situation&#8221; to the Company.&#160; The code emphasizes that employees are to be treated with fairness, respect, and
        dignity and prohibits harassment, sexual or otherwise, of</font></div>
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    <div style="line-height: normal;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;">Company employees.&#160; And the code goes even further, by prohibiting &#8220;employees who have a direct or indirect reporting relationship to
        each other&#8221; from &#8220;dating or having a sexual relationship.&#8221;&#160; Materials provided to employees make clear that the prohibition on &#8220;dating&#8221; extends to &#8220;being involved in any kind of romantic or intimate relationship, and includes, but is not limited
        to, any sexual relationship or encounter.&#8221;&#160; That longstanding prohibition is designed to reduce the risk of non-consensual romantic or sexual conduct among employees, as well as the risk that intimate personal relationships could result in unequal
        treatment of employees.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">13.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Company&#8217;s Standards of Business Conduct also make clear that employees &#8220;are required to live up to the letter and spirit of [the Company&#8217;s] system of internal controls, and
        to cooperate fully with any audit or investigation.&#8221;&#160; The Standards of Business Conduct expressly caution that employees &#8220;who interfere with or provide false information in the course of an investigation will be subject to disciplinary action, up
        to and including termination of employment.&#8221;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">14.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Standards of Business Conduct also prohibit employees from misappropriating Company property or engaging in fraud, which is defined to include concealing, altering,
        falsifying, or omitting information &#8220;for your benefit or the benefit of others.&#8221;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">15.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Company takes compliance with the Standards of Business Conduct very seriously&#8212;especially among its executives, who are expected to set</font></div>
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    <div style="line-height: 200%;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;"> an example for the entire workforce.&#160; Company executives are thus required to annually certify their compliance with the Standards of
        Business Conduct.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">16.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">To ensure fidelity to the values reflected in and enforced by the Standards of Business Conduct, the McDonald&#8217;s board has in recent years redoubled its efforts to ensure that
        the Company&#8217;s safe and respectful workplace policies and programs are market-leading.&#160; For example, in 2017, the board emphasized to management that all employees, including top executives, should undergo the most current anti-harassment training.&#160;
        Management, including Easterbrook, assured the directors that the senior leadership team was receiving such training and that the Company was implementing enhanced safe and respectful workplace training throughout the organization.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">17.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">In March 2019, the Company instituted mandatory live interactive training for all McDonald&#8217;s headquarters staff.&#160; The training addresses not just issues of sexual harassment and
        discrimination, but also the Company&#8217;s culture of respect and integrity.&#160; The Company&#8217;s human relations personnel also received additional training on conducting investigations into allegations of sexual harassment and discrimination.&#160;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">18.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">McDonald&#8217;s also sought input from leading non-profit organizations on how to increase the effectiveness of its safe and respectful workplace programs and updated its
        anti-harassment policy in 2019.&#160; The revised policy more clearly </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
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    <div style="line-height: normal;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;">informs employees of their rights; more clearly defines conduct that constitutes sexual harassment, sex discrimination, and
        retaliation for allegations of such harassment or discrimination; and provides examples of unacceptable behavior.&#160; The revised policy also provides employees with additional avenues for reporting allegations of sexual harassment and discrimination.</font></div>
    <div style="text-align: center; margin-top: 7pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 7pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">THE COMPANY LEARNS THAT EASTERBROOK HAD</div>
    <div style="text-align: center; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">A PROHIBITED RELATIONSHIP WITH AN EMPLOYEE</div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">19.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">On October 16, 2019, the Company was notified of an allegation that Easterbrook had engaged in a relationship with a Company employee (&#8220;Employee-1&#8221;).&#160; The Company&#8217;s independent
        directors immediately convened to address the allegation and directed independent outside counsel to investigate it.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">20.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Upon inquiry, Employee-1 affirmed that her relationship with Easterbrook was entirely consensual, consisted of text messages and video calls exchanged between their mobile
        phones, spanned a few weeks, and never included a physical relationship.&#160; Easterbrook confirmed Employee-1&#8217;s account in an interview by independent outside counsel.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">21.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">As part of the investigation, independent outside counsel asked Easterbrook if he had ever engaged in a sexual relationship, physical or non-physical, with any other Company
        employee.&#160; Easterbrook denied that he had.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">22.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Easterbrook was required to turn over his Company-issued mobile phone as part of the investigation.&#160; Independent outside counsel searched images and videos saved on the phone,
        as well as any retained text messaging activity, for evidence of a relationship with Employee-1 or any other Company employee.&#160; That search did not yield evidence contradicting Easterbrook&#8217;s representation that he had never engaged in a sexual
        relationship with any other Company employee.</font></div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">THE BOARD DECIDES TO FIRE EASTERBROOK</div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">23.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The independent directors met again on October 26, 2019 and received a detailed report of the investigation.&#160; After deliberation, the independent directors resolved to terminate
        Easterbrook.&#160; They determined that, in engaging in a relationship with Employee-1, Easterbrook had violated the Company&#8217;s policies prohibiting intimate interactions between employees in a reporting relationship.&#160; And they further determined that
        Easterbrook&#8217;s conduct reflected a lack of judgment that made it impossible for them to trust his ability to steward the Company&#8217;s culture.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">24.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Having decided that Easterbrook must be terminated as CEO, the independent directors then considered whether his termination should be with or without cause.&#160; Terminating
        Easterbrook with cause would deprive him of all his severance benefits.&#160; But doing so was also certain to embroil the Company in a lengthy dispute with him.&#160; To prevail in a dispute with Easterbrook over whether </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
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    <div style="line-height: normal;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;">his conduct constituted &#8220;cause,&#8221; the Company would need to show that his conduct constituted &#8220;dishonesty, fraud, illegality or moral
        turpitude.&#8221;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">25.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The directors had no assurance that Easterbrook&#8217;s conduct (as they then understood it) would be found to clear that high bar.&#160; The evidence before them indicated that
        Easterbrook&#8217;s relationship with Employee-1 was consensual, non-physical, and did not involve any allegation of sexual harassment.&#160; Easterbrook insisted (falsely, as was later revealed) that he had not engaged in a personal relationship with any
        other McDonald&#8217;s employee.&#160; And none of the evidence obtained in the investigation indicated that he had engaged in another such relationship or had engaged in any harassing or otherwise nonconsensual conduct.&#160; The directors thus had no confidence
        that Easterbrook&#8217;s conduct would be found to constitute &#8220;cause&#8221; as a legal matter.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">26.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">After weighing the alternatives, the directors concluded that it would be in McDonald&#8217;s best interest if Easterbrook&#8217;s separation was accomplished with as little disruption as
        possible.&#160; So they instructed management to seek to negotiate a separation agreement designed to protect the Company&#8217;s interest without insisting on a for-cause termination.&#160; The directors also determined to appoint Christopher Kempczinski,
        President of McDonald&#8217;s USA, to succeed Easterbrook as President and CEO.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">27.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The independent directors reconvened on November 1 to consider the proposed Separation Agreement that the Company had negotiated with Easterbrook at their direction.&#160; The
        proposed agreement required Easterbrook to release any claims he had against McDonald&#8217;s, but it did not require the Company to release any claims it had against Easterbrook.&#160; The proposed agreement also required Easterbrook to write a letter to
        employees acknowledging that he made a mistake.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">28.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The proposed Separation Agreement also provided, as contemplated, that Easterbrook&#8217;s termination would be &#8220;without cause&#8221; for the purpose of determining the amount of his
        severance compensation and benefits.&#160; As a result of this provision, Easterbrook would be qualified to receive the severance compensation and benefits provided under his existing compensatory arrangements.&#160; The board would not have agreed to this
        provision of the Separation Agreement had it possessed clear evidence justifying a termination of Easterbrook for cause.&#160; After deliberation, the directors approved the proposed agreement.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">29.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Separation Agreement, as negotiated and approved, incorporated McDonald&#8217;s Severance Plan.&#160; Under the terms of the Severance Plan, &#8220;if the Plan Administrator determines at
        any time that a Participant committed any act or omission that would constitute Cause while he or she was employed by&#8221; McDonald&#8217;s Corporation, the Company &#8220;may (a) cease payment of any benefit </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
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    <div style="line-height: normal;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;">otherwise payable to a Participant under the Plan and (b) require the Participant to repay any and all Severance Benefits previously
        provided to such Participant under the terms of th[e] Plan.&#8221;&#160; &#8220;Cause&#8221; is defined to include commission of any act &#8220;involving dishonesty, fraud, illegality, or moral turpitude,&#8221; as well as any &#8220;serious, reckless or material violation of McDonald&#8217;s
        Standards of Business Conduct or other employment policies.&#8221;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">30.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Separation Agreement also incorporated provisions of the documents governing Easterbrook&#8217;s 2018 and 2019 equity awards stating that the benefits granted are subject to
        repayment or forfeiture if &#8220;the Company determines, in its sole and absolute discretion, that the [Grantee] engaged in Detrimental Conduct,&#8221; which is defined to include &#8220;willful fraud that causes harm to the Company.&#8221;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">31.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">On November 3, 2019, McDonald&#8217;s announced that Easterbrook had been separated from his officer and director positions with the Company &#8220;following the Board&#8217;s determination that
        he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee.&#8221;&#160; At a Company-wide town hall meeting following the announcement, the Company reaffirmed its commitment to maintaining its values
        and culture, regardless of an employee&#8217;s rank or position in the Company.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">32.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Market observers and governance experts confirmed the board&#8217;s decisive action in terminating Easterbrook and putting corporate culture first.&#160; Institutional Shareholder
        Services, a leading corporate governance watchdog, observed that the &#8220;board&#8217;s actions sent a profound message throughout the company that it was holding senior executives accountable to company conduct and values.&#8221;</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">33.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The board&#8217;s strategy of seeking a smooth transition paid off.&#160; Although the Company&#8217;s stock price briefly dipped after Easterbrook&#8217;s termination was announced, it rebounded
        quickly and by mid-December had fully recovered.&#160; Meanwhile, McDonald&#8217;s achieved global comparable sales growth of 5.9% in the fourth quarter of 2019.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">34.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160;Today, the Company continues its efforts to cultivate a safe, nondiscriminatory, and respectful workplace, including most recently through a renewed values statement that
        makes clear McDonald&#8217;s commitment to operating its business with integrity and creating equal opportunities.</font></div>
    <div style="text-align: center; margin-top: 7pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 7pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">NEW EVIDENCE SHOWS THAT EASTERBROOK HAD</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">PROHIBITED RELATIONSHIPS WITH MULTIPLE EMPLOYEES</div>
    <div style="text-align: center; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">&#8212;AND LIED TO COVER IT UP</div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">35.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">In July 2020, the Company received an anonymous report alleging that a McDonald&#8217;s employee (&#8220;Employee-2&#8221;) engaged in a sexual relationship with Easterbrook while he was CEO.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">36.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">An internal investigation into this allegation discovered photographic evidence that, while he was CEO, Easterbrook had engaged in a physical sexual relationship not only with
        Employee-2, but also with two other Company employees in the year before his termination.&#160; That evidence consisted of dozens of nude, partially nude, or sexually explicit photographs and videos of various women, including photographs of these
        Company employees, that Easterbrook had sent as attachments to messages from his Company e-mail account to his personal e-mail account.&#160; The date and time stamps on the photographs of the three Company employees show that the photographs were all
        taken in late 2018 or early 2019.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">37.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The photographs are undisputable evidence that Easterbrook repeatedly violated the Company&#8217;s prohibition of any kind of intimate relationship between employees in a direct or
        indirect reporting relationship.&#160; They are undisputable evidence that Easterbrook lied during the investigation into his behavior in October 2019, when independent outside counsel expressly asked him if he had ever engaged in a physical sexual
        relationship with any Company employee.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">38.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The date and time stamps of the photographs of Employee-2 also conclusively show that Easterbrook approved a special discretionary grant of </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
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    <div style="line-height: normal;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;">restricted stock units&#8212;worth hundreds of thousands of dollars&#8212;to Employee-2 shortly after their first sexual encounter and within
        days of their second.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">39.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Company was not aware of these photographs before July 2020, when it discovered them in the course of investigating the allegations regarding Easterbrook and Employee-2.&#160;
        Neither these photographs, nor the e-mails to which they were attached, were present on Easterbrook&#8217;s Company-issued phone when it was searched by independent outside counsel in late October 2019 because Easterbrook, with the intention of
        concealing their existence from the Company, had deleted them from his phone.&#160; Unbeknownst to Easterbrook, however, the deletion of the e-mails from the mail application on his Company-issued phone did not also trigger the deletion of those e-mails
        from his Company e-mail account stored on the Company&#8217;s servers.</font></div>
    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">40.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">The Board would not have agreed to the terms of the Separation Agreement had it then been aware of Easterbrook&#8217;s physical sexual relationships with three McDonald&#8217;s employees,
        his approval of a discretionary stock grant for Employee-2 while they were in a sexual relationship, and the falsity of his representation to outside counsel that he had never engaged in a physical sexual relationship with a Company employee.&#160; That
        conduct constituted a clear legal basis to terminate Easterbrook for cause.</font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">41.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">Had the Board known on November 1, 2019 what it learned in July 2020 regarding Easterbrook&#8217;s conduct as CEO, it would not have approved the Separation Agreement and would have
        instead terminated Easterbrook for cause.&#160; And had Easterbrook not deleted evidence from his phone and lied to the Board and its investigators in October 2019, the Board would have known the full record of his conduct when it considered the terms
        of his separation.</font></div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">FIRST CAUSE OF ACTION&#8212;BREACH OF FIDUCIARY DUTY</div>
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    <div style="line-height: normal;"><font style="font-size: 14pt; font-family: 'Times New Roman',Times,serif;">and intended that his false denial would induce the Company to separate him on terms more favorable than the truth would have
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    <div style="line-height: normal; text-indent: 36pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">48.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;">In view of Easterbrook&#8217;s position as the Company&#8217;s highest-ranking officer, who owed fiduciary duties of loyalty and candor to the Company and in whom the Company reasonably
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    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;"> <br>
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    <div style="text-align: center; margin-top: 7pt; margin-bottom: 14pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">PRAYER FOR RELIEF</div>
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                <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">awarding the Company compensatory damages, together with pre- and post-judgment interest;</div>
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              <div>&#160;</div>
              <div>&#160;</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;"><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Of Counsel</font>:</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">William Savitt</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Anitha Reddy</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Sarah K. Eddy</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">WACHTELL, LIPTON,</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">51 West 52nd Street</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">New York, New York 10019</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">(212) 403-1000</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Ronald L. Olson</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">John W. Spiegel</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Luis Li</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">MUNGER, TOLLES</div>
              <div style="text-align: left; margin-left: 17.1pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">&amp; OLSON LLP</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">350 South Grand Ave.</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Los Angeles, California 90071</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">(213) 683-9100</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Jonathan I. Kravis</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">MUNGER, TOLLES</div>
              <div style="text-align: left; margin-left: 17.1pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">&amp; OLSON LLP</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">1155 F St. NW</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Washington, DC 20004<font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif;"><br>
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              <div>&#160;</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">August 10, 2020</div>
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-variant: small-caps;">ROSS ARONSTAM &amp; MORITZ LLP</div>
              <div>&#160;</div>
              <div style="text-align: left;"><u><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">/s/ Garrett B. M<font style="font-size: 14pt;">oritz</font></font><font style="font-size: 14pt; font-family: 'Times New Roman', Times, serif; font-style: italic;"><font style="font-size: 14pt;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 215.1pt"></font></u></div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Garrett B. Moritz (Bar No. 5646)</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">S. Reiko Rogozen (Bar No. 6695)</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Holly E. Newell (Bar No. 6687)</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">100 S. West Street, Suite 400</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Wilmington, Delaware 19801</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">(302) 576-1600</div>
              <div>&#160;</div>
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-style: italic;">Attorneys for Plaintiff McDonald&#8217;s Corporation</div>
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  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CoverAbstract_lbl" xml:lang="en-US" id="dei_CoverAbstract_lbl">Cover [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:title="label: CoverAbstract to dei_CoverAbstract_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine1_lbl">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:title="label: EntityAddressAddressLine1 to dei_EntityAddressAddressLine1_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:label="EntityAddressAddressLine2" xlink:title="EntityAddressAddressLine2" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine2_lbl">Entity Address, Address Line Two</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:title="label: EntityAddressAddressLine2 to dei_EntityAddressAddressLine2_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine3_lbl">Entity Address, Address Line Three</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:title="label: EntityAddressAddressLine3 to dei_EntityAddressAddressLine3_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_AmendmentFlag_lbl" xml:lang="en-US" id="dei_AmendmentFlag_lbl">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:title="label: AmendmentFlag to dei_AmendmentFlag_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CityAreaCode_lbl" xml:lang="en-US" id="dei_CityAreaCode_lbl">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:title="label: CityAreaCode to dei_CityAreaCode_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US" id="dei_EntityAddressCityOrTown_lbl">Entity Address, City or Town</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:title="label: EntityAddressCityOrTown to dei_EntityAddressCityOrTown_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCountry_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCountry_lbl" xml:lang="en-US" id="dei_EntityAddressCountry_lbl">Entity Address, Country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:title="label: EntityAddressCountry to dei_EntityAddressCountry_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="dei_DocumentPeriodEndDate_lbl">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:title="label: DocumentPeriodEndDate to dei_DocumentPeriodEndDate_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US" id="dei_EntityIncorporationStateCountryCode_lbl">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:title="label: EntityIncorporationStateCountryCode to dei_EntityIncorporationStateCountryCode_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_LocalPhoneNumber_lbl" xml:lang="en-US" id="dei_LocalPhoneNumber_lbl">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:title="label: LocalPhoneNumber to dei_LocalPhoneNumber_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US" id="dei_EntityAddressPostalZipCode_lbl">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:title="label: EntityAddressPostalZipCode to dei_EntityAddressPostalZipCode_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US" id="dei_EntityAddressStateOrProvince_lbl">Entity Address, State or Province</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:title="label: EntityAddressStateOrProvince to dei_EntityAddressStateOrProvince_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_Security12bTitle_lbl" xml:lang="en-US" id="dei_Security12bTitle_lbl">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:title="label: Security12bTitle to dei_Security12bTitle_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
    <link:label xlink:type="resource" xlink:label="dei_NoTradingSymbolFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US" id="dei_NoTradingSymbolFlag_lbl">No Trading Symbol Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:title="label: NoTradingSymbolFlag to dei_NoTradingSymbolFlag_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_TradingSymbol_lbl" xml:lang="en-US" id="dei_TradingSymbol_lbl">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:title="label: TradingSymbol to dei_TradingSymbol_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SecurityExchangeName_lbl" xml:lang="en-US" id="dei_SecurityExchangeName_lbl">Security Exchange Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:title="label: SecurityExchangeName to dei_SecurityExchangeName_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="dei_EntityRegistrantName_lbl">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:title="label: EntityRegistrantName to dei_EntityRegistrantName_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="dei_EntityCentralIndexKey_lbl">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:title="label: EntityCentralIndexKey to dei_EntityCentralIndexKey_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US" id="dei_EntityTaxIdentificationNumber_lbl">Entity Tax Identification Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:title="label: EntityTaxIdentificationNumber to dei_EntityTaxIdentificationNumber_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="dei_DocumentFiscalYearFocus_lbl">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:title="label: DocumentFiscalYearFocus to dei_DocumentFiscalYearFocus_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="dei_DocumentFiscalPeriodFocus_lbl">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:title="label: DocumentFiscalPeriodFocus to dei_DocumentFiscalPeriodFocus_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentType_lbl" xml:lang="en-US" id="dei_DocumentType_lbl">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="dei_DocumentType_lbl" xlink:title="label: DocumentType to dei_DocumentType_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
    <link:label xlink:type="resource" xlink:label="dei_WrittenCommunications_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_WrittenCommunications_lbl" xml:lang="en-US" id="dei_WrittenCommunications_lbl">Written Communications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:title="label: WrittenCommunications to dei_WrittenCommunications_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:label xlink:type="resource" xlink:label="dei_SolicitingMaterial_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SolicitingMaterial_lbl" xml:lang="en-US" id="dei_SolicitingMaterial_lbl">Soliciting Material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:title="label: SolicitingMaterial to dei_SolicitingMaterial_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US" id="dei_PreCommencementTenderOffer_lbl">Pre-commencement Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:title="label: PreCommencementTenderOffer to dei_PreCommencementTenderOffer_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US" id="dei_PreCommencementIssuerTenderOffer_lbl">Pre-commencement Issuer Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:title="label: PreCommencementIssuerTenderOffer to dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityFileNumber_lbl" xml:lang="en-US" id="dei_EntityFileNumber_lbl">Entity File Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:title="label: EntityFileNumber to dei_EntityFileNumber_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US" id="dei_EntityEmergingGrowthCompany_lbl">Entity Emerging Growth Company</link:label>
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    <dei:EntityIncorporationStateCountryCode
      contextRef="c20200810to20200810"
      id="Fact_75fda31e5ac0404199d6409f0a853b3a">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="c20200810to20200810"
      id="Fact_fd3b3c12e1624e2582bf486bafff2867">001-05231</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="c20200810to20200810"
      id="Fact_8f84f03f942d487c82346eeaf40619b8">36-2361282</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="c20200810to20200810"
      id="Fact_1e96d8f3b91740359f82f31bbaece415">110 N. Carpenter Street</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="c20200810to20200810"
      id="Fact_ddf24a4527b3466ea6d56c08778bbbcd">Chicago</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="c20200810to20200810"
      id="Fact_479f92a9a401461e8fde000053f5495d">IL</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="c20200810to20200810"
      id="Fact_1e1704d4c10046aa858a8899f0e436f2">60607</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="c20200810to20200810"
      id="Fact_6f07deaf729a499db69cb7f7815ca587">630</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="c20200810to20200810"
      id="Fact_5e5f048721824de995c174ba5f72b73e">623-3000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="c20200810to20200810"
      id="Fact_54ee0915069b44849f9804789687aadf">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="c20200810to20200810"
      id="Fact_ae3129b0076441c1bfa56e1a73980b61">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="c20200810to20200810"
      id="Fact_e97280d6dfae451ea99ac5f5a74c213a">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="c20200810to20200810"
      id="Fact_d1a7370f32cb473e982241d2ab7124eb">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="c20200810to20200810"
      id="Fact_0466ffbdd6714c6a82456837f2eee7f1">Common Stock, $0.01 par value</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="c20200810to20200810"
      id="Fact_95fc1993b51b4d3283ef7c18cf81ccbd">MCD</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="c20200810to20200810"
      id="Fact_fa3098f7541a4ca6b79cf1e2ddcb85cc">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="c20200810to20200810"
      id="Fact_d702b4a93fac45809bef189aed7fd172">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140462634417704">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Aug. 10, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Aug. 10,  2020<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">McDONALD'S CORP<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-05231<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">36-2361282<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">110 N. Carpenter Street<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Chicago<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">IL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">60607<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">630<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">623-3000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000063908<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MCD<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
