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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 1,104.4 $ 1,537.2
Charges and credits:    
Depreciation and amortization 479.7 453.9
Deferred income taxes (50.5) (1.5)
Share-based compensation 54.3 27.3
Other 72.0 (130.0)
Changes in working capital items 473.4 237.1
Cash provided by operations 2,133.3 2,124.0
Investing activities    
Capital expenditures (401.2) (368.7)
Purchases of restaurant businesses (86.7) (38.7)
Sales of restaurant businesses 16.5 29.6
Sales of property 4.9 32.8
Other (88.0) 100.4
Cash used for investing activities (554.5) (244.6)
Financing activities    
Net short-term borrowings 6.0 6.5
Long-term financing issuances 0.0 0.0
Long-term financing repayments (1,350.6) (1,337.8)
Treasury stock purchases (1,506.5) (21.5)
Common stock dividends (1,025.1) (962.3)
Proceeds from stock option exercises 58.7 59.1
Other (12.6) (7.9)
Cash used for financing activities (3,830.1) (2,263.9)
Effect of exchange rates on cash and cash equivalents (122.2) (44.9)
Cash and equivalents decrease (2,373.5) (429.4)
Cash and equivalents at beginning of period 4,709.2 3,449.1
Cash and equivalents at end of period $ 2,335.7 $ 3,019.7