XML 48 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
Net property and equipment consisted of:
In millions
'December 31, 2024
2023
Land$7,253 $7,081 
Buildings and improvements on owned land 20,487 20,059 
Buildings and improvements on leased land 13,417 13,322 
Equipment, signs and seating2,586 2,693 
Other434 414 
Property and equipment, at cost 44,177 43,570 
Accumulated depreciation and amortization(18,882)(18,662)
Net property and equipment$25,295 $24,908 
Depreciation and amortization expense for property and equipment was $1.5 billion for the years ended December 31, 2024, 2023 and 2022. The increase in Net property and equipment was primarily driven by higher capital expenditures as a result of the Company's Restaurant Development growth pillar under its Accelerating the Arches strategy.