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Other Operating (Income) Expense, Net | 12 Months Ended
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Dec. 31, 2020
Other Income and Expenses [Abstract] |
Other Operating (Income) Expense, Net |
Other Operating (Income) Expense, Net
In millions | 2020 |  | 2019 |  | 2018
Gains on sales of restaurant businesses | $ | (23.3) |  |  | $ | (127.5) |  |  | $ | (304.1) |
Equity in earnings of unconsolidated affiliates | (117.4) |  |  | (153.8) |  |  | (151.5) |
Asset dispositions and other (income) expense, net | 290.7 |  |  | 87.2 |  |  | 33.7 |
Impairment and other charges (gains), net | (267.5) |  |  | 74.3 |  |  | 231.7 |
Total | $ | (117.5) |  |  | $ | (119.8) |  |  | $ | (190.2) |
▪Gains on sales of restaurant businesses The Company’s purchases and sales of businesses with its franchisees are aimed at maintaining an optimal ownership mix in each market. Resulting gains or losses on sales of restaurant businesses are recorded in operating income because these transactions are a recurring part of our business. ▪Equity in earnings of unconsolidated affiliates Unconsolidated affiliates and partnerships are businesses in which the Company actively participates but does not control. The Company records equity in (earnings) losses from these entities representing McDonald’s share of results for markets in both the International Operated Markets and International Developmental Licensed Markets segments. For foreign affiliated markets—primarily China and Japan—results are reported after interest expense and income taxes. ▪Asset dispositions and other (income) expense, net Asset dispositions and other (income) expense, net consists of gains or losses on excess property and other asset dispositions, provisions for restaurant closings, reserves for bad debts, asset write-offs due to restaurant reinvestment (including investment in Experience of the Future), strategic sale of properties, and other miscellaneous income and expenses. ▪Impairment and other charges (gains), net Impairment and other charges (gains), net includes losses that result from the write down of goodwill and long-lived assets from their carrying value to their fair value, as well as charges associated with strategic initiatives, such as refranchising and restructuring activities. The realized gains/losses from the divestiture of ownership percentages of subsidiaries are reflected in this category, including the 2020 gain on the sale of McDonald's Japan stock as the Company divested about 6% of its ownership in McDonald's Japan.

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