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Other Operating (Income) Expense, Net | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
Other Operating Income and Expense |
Other Operating (Income) Expense, Net
In millions | 2023 |  | 2022 |  | 2021
Gains on sales of restaurant businesses | $ | (103.2) |  |  | $ | (59.8) |  |  | $ | (96.6) |
Equity in earnings of unconsolidated affiliates | (153.4) |  |  | (113.2) |  |  | (176.7) |
Asset dispositions and other (income) expense, net | (6.8) |  |  | 136.8 |  |  | 75.4 |
Impairment and other charges (gains), net | 362.3 |  |  | 1,009.8 |  |  | (285.4) |
Total | $ | 98.9 |  |  | $ | 973.6 |  |  | $ | (483.3) |
▪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 the Company's 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 net of 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, 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, charges associated with strategic initiatives, such as refranchising and restructuring activities, as well as realized gains/losses from the divestiture of ownership percentages of subsidiaries. In 2023 this category reflected $290 million of pre-tax charges related to the Company's Accelerating the Arches growth strategy, including restructuring costs associated with Accelerating the Organization, and $72 million of pre-tax charges related to the write-off of impaired software no longer in use. In 2022 this category included $1.3 billion of pre-tax charges related to the sale of the Company's business in Russia and a pre-tax gain of $271 million related to the Company's sale of its Dynamic Yield business. Additionally, in 2021 this category reflected pre-tax gains on the sale of McDonald's Japan stock, which reduced the Company's ownership in McDonald's Japan to 35%.

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- Definition The entire disclosure for other operating income and other operating expense items. + References No definition available. + Details
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