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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and equivalents $ 838.0 $ 4,579.0
Accounts and notes receivable 2,238.0 2,488.0
Inventories, at cost, not in excess of market 46.0 53.0
Prepaid expenses and other current assets 935.0 866.0
Total current assets 4,057.0 7,986.0
Other assets    
Investments in and advances to affiliates 2,883.0 1,080.0
Goodwill 3,028.0 3,040.0
Miscellaneous 5,586.0 5,618.0
Total other assets 11,497.0 9,738.0
Lease right-of-use asset, net 13,277.0 13,514.0
Property and equipment    
Property and equipment, at cost 43,432.0 43,570.0
Accumulated depreciation and amortization (18,750.0) (18,662.0)
Net property and equipment 24,682.0 24,908.0
Total assets 53,513.0 56,147.0
Current liabilities    
Short-term borrowings and current maturities of long-term debt 604.0 2,192.0
Accounts payable 936.0 1,103.0
Lease liability 685.0 688.0
Income taxes 873.0 705.0
Other taxes 279.0 268.0
Accrued interest 372.0 469.0
Accrued payroll and other liabilities 1,136.0 1,434.0
Total current liabilities 4,886.0 6,859.0
Long-term debt 36,764.0 37,153.0
Long-term lease liability 12,828.0 13,058.0
Long-term income taxes 361.0 363.0
Deferred revenues - initial franchise fees 784.0 790.0
Other long-term liabilities 927.0 950.0
Deferred income taxes 1,796.0 1,681.0
Shareholders' equity (deficit)    
Preferred stock, no par value; authorized—165.0 million shares; issued—none 0.0 0.0
Common stock, $0.01 par value; authorized—3.5 billion shares; issued—1,660.6 million shares 17.0 17.0
Additional paid-in capital 9,001.0 8,893.0
Retained earnings 64,203.0 63,480.0
Accumulated other comprehensive income (loss) (2,533.0) (2,456.0)
Common stock in treasury, at cost; 939.9 and 937.9 million shares (75,520.0) (74,640.0)
Total shareholders' equity (deficit) (4,833.0) (4,707.0)
Total liabilities and shareholders' equity (deficit) $ 53,513.0 $ 56,147.0