XML 65 R31.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Income before Provision for Income Taxes, Classified by Source of Income | Income before provision for income taxes, classified by source of income, was as follows:
In millions | 2021 |  | 2020 |  | 2019
U.S. | $ | 2,413.9 |  |  | $ | 1,390.4 |  |  | $ | 2,159.1 |
Outside the U.S. | 6,714.0 |  |  | 4,750.3 |  |  | 5,859.0 |
Income before provision for income taxes * | $ | 9,127.9 |  |  | $ | 6,140.7 |  |  | $ | 8,018.1 |
Provision for Income Taxes, Classified by Timing and Location of Payment | The provision for income taxes, classified by the timing and location of payment, was as follows:
In millions | 2021 |  | 2020 |  | 2019
U.S. federal | $ | 887.6 |  |  | $ | 554.1 |  |  | $ | 521.8 |
U.S. state | 228.1 |  |  | 119.1 |  |  | 194.7 |
Outside the U.S. | 895.3 |  |  | 730.6 |  |  | 1,126.5 |
Current tax provision | 2,011.0 |  |  | 1,403.8 |  |  | 1,843.0 |
U.S. federal | (177.4) |  |  | 870.3 |  |  | 38.5 |
U.S. state | (24.1) |  |  | 73.3 |  |  | 20.0 |
Outside the U.S. | (226.8) |  |  | (937.2) |  |  | 91.2 |
Deferred tax provision | (428.3) |  |  | 6.4 |  |  | 149.7 |
Provision for income taxes | $ | 1,582.7 |  |  | $ | 1,410.2 |  |  | $ | 1,992.7 |
Net Deferred Tax Liabilities | Net deferred tax (assets) liabilities consisted of:
In millions | December 31, 2021 |  | 2020
Lease right-of-use asset |  |  | $ | 3,462.7 |  |  | $ | 3,427.3 |
Property and equipment |  |  | 1,648.6 |  |  | 1,600.4 |
Intangible assets |  |  | 696.0 |  |  | 1,046.2 |
Other |  |  | 490.8 |  |  | 322.4 |
Total deferred tax liabilities |  |  | 6,298.1 |  |  | 6,396.3 |
Lease liability |  |  | (3,516.9) |  |  | (3,462.0) |
Intangible assets |  |  | (2,524.6) |  |  | (2,095.9) |
Property and equipment |  |  | (647.1) |  |  | (593.8) |
Deferred foreign tax credits |  |  | (311.5) |  |  | (289.3) |
Employee benefit plans |  |  | (153.6) |  |  | (190.8) |
Deferred revenue |  |  | (121.4) |  |  | (154.8) |
Operating loss carryforwards |  |  | (96.1) |  |  | (86.8) |
Other |  |  | (284.4) |  |  | (449.0) |
Total deferred tax assets before valuation allowance |  |  | (7,655.6) |  |  | (7,322.4) |
Valuation allowance |  |  | 1,076.1 |  |  | 816.0 |
Net deferred tax (assets) liabilities |  |  | $ | (281.4) |  |  | $ | (110.1) |
Balance sheet presentation: |  |  |  |  |
Deferred income taxes |  |  | $ | 2,075.6 |  |  | $ | 2,025.6 |
Other assets-miscellaneous |  |  | (2,357.0) |  |  | (2,135.7) |
Net deferred tax (assets) liabilities |  |  | $ | (281.4) |  |  | $ | (110.1) |
Statutory U.S. Federal Income Tax Rate Reconciliation to Effective Income Tax Rates |
| 2021 |  | 2020 |  | 2019
Statutory U.S. federal income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of related federal income tax benefit | 1.8 |  |  | 1.8 |  |  | 1.8 |
Foreign income taxed at different rates | 0.9 |  |  | 0.4 |  |  | 1.6 |
Tax impact of intercompany transactions | 0.1 |  |  | 2.1 |  |  | — |
Global intangible low-tax income ("GILTI") | 0.3 |  |  | 1.2 |  |  | 1.3 |
Foreign-derived intangible income ("FDII") | (2.6) |  |  | (3.4) |  |  | (1.3) |
U.S./Foreign tax law changes | (3.9) |  |  | (1.8) |  |  | — |
Foreign tax credit redetermination regulations | — |  |  | — |  |  | (1.0) |
Other, net | (0.3) |  |  | 1.7 |  |  | 1.5 |
Effective income tax rates | 17.3 | % |  | 23.0 | % |  | 24.9 | %
Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits | The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:
In millions | 2021 |  | 2020
Balance at January 1 | $ | 1,479.2 |  |  | $ | 1,439.1 |
Decreases for positions taken in prior years | (31.9) |  |  | (71.4) |
Increases for positions taken in prior years | 26.1 |  |  | 38.5 |
Increases for positions related to the current year | 60.7 |  |  | 89.6 |
Settlements with taxing authorities | (16.8) |  |  | (3.9) |
Lapsing of statutes of limitations | (12.4) |  |  | (12.7) |
Balance at December 31(1) | $ | 1,504.9 |  |  | $ | 1,479.2 |
(1)Of this amount, $1,157.5 million and $1,137.8 million are included in Long-term income taxes for 2021 and 2020, respectively, and $332.0 million and $325.0 million are included in Prepaid expenses and other current assets for 2021 and 2020, respectively, on the Consolidated Balance Sheet. The remainder is included in Deferred income taxes on the Consolidated Balance Sheet.

X
- Definition Unrecognized Tax Benefits Reconciliation, Table + References No definition available. + Details
Name: | mcd_UnrecognizedTaxBenefitsReconciliationTableTextBlock
Namespace Prefix: | mcd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration