XML 40 R9.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 6,177.4 $ 7,545.2 $ 4,730.5
Charges and credits:      
Depreciation and amortization 1,870.6 1,868.1 1,751.4
Deferred income taxes (345.7) (428.3) 6.4
Share-based compensation expense 166.7 139.2 92.4
Net (gain) loss on sale of restaurant and other businesses 732.7 (97.8) (28.2)
Other (570.4) (339.1) (75.2)
Changes in working capital items:      
Accounts receivable (264.1) 309.9 (6.8)
Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6)
Accounts payable 31.3 225.0 (137.5)
Income taxes (546.7) (302.5) (43.6)
Other accrued liabilities 129.3 284.0 44.4
Cash provided by operations 7,386.7 9,141.5 6,265.2
Investing activities      
Capital expenditures (1,899.2) (2,040.0) (1,640.8)
Purchases of restaurant businesses (807.0) (374.2) (66.1)
Sales of restaurant and other businesses 445.9 196.2 76.3
Sales of property 38.9 106.2 27.4
Other (456.7) (53.9) 57.4
Cash used for investing activities (2,678.1) (2,165.7) (1,545.8)
Financing activities      
Net short-term borrowings 25.5 15.1 (893.1)
Long-term financing issuances 3,374.5 1,154.4 5,543.0
Long-term financing repayments (2,202.4) (2,240.0) (2,411.7)
Treasury stock purchases (3,896.0) (845.5) (907.8)
Common stock dividends (4,168.2) (3,918.6) (3,752.9)
Proceeds from stock option exercises 248.2 285.7 295.5
Other 38.2 (46.7) (122.0)
Cash used for financing activities (6,580.2) (5,595.6) (2,249.0)
Effect of exchange rates on cash and equivalents (253.8) (120.1) 80.2
Cash and equivalents increase (decrease) (2,125.4) 1,260.1 2,550.6
Cash and equivalents at beginning of year 4,709.2 3,449.1 898.5
Cash and equivalents at end of year 2,583.8 4,709.2 3,449.1
Supplemental cash flow disclosures      
Interest Paid 1,183.5 1,197.3 1,136.0
Income taxes paid $ 3,023.5 $ 2,403.9 $ 1,441.9