v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Cash Flows - Operating Activities      
Net Income (loss) - including noncontrolling interest $ 1,064 $ 1,608 $ 1,335
Depreciation and amortization 721 665 637
Closures and impairment (income) expenses 331 37 135
Refranchising (gain) loss (100) (78) 72
Contributions to defined benefit pension plans (23) (119) (63)
Pension settlement charges 30 89 0
Losses and other costs related to the extinguishment of debt (120) 0 0
Gain upon acquisition of Little Sheep 0 (74) [1] 0
Deferred income taxes (24) 28 (137)
Equity income from investments in unconsolidated affiliates (26) (47) (47)
Distributions of income received from unconsolidated affiliates 43 41 39
Excess tax benefit from share-based compensation (44) (98) (66)
Share-based compensation expense 49 50 59
Changes in accounts and notes receivable (12) (18) (39)
Changes in inventories 18 9 (75)
Changes in prepaid expenses and other current assets (21) (14) (25)
Changes in accounts payable and other current liabilities (102) 9 144
Changes in income taxes payable 14 126 109
Other, net 101 80 92
Net Cash Provided by Operating Activities 2,139 2,294 2,170
Cash Flows - Investing Activities      
Capital spending (1,049) (1,099) (940)
Proceeds from refranchising of restaurants 260 364 246
Acquisitions (99) (543) (81)
Changes in restricted cash 0 300 (300)
Other, net 2 (27) 69
Net Cash Used in Investing Activities (886) (1,005) (1,006)
Cash Flows - Financing Activities      
Proceeds from long-term debt 599 0 404
Repayments of long-term debt (666) (282) (666)
Revolving credit facilities, three months or less, net 0 0 0
Short-term borrowings by original maturity      
More than three months - proceeds 56 0 0
More than three months - payments (56) 0 0
Three months or less, net 0 0 0
Repurchase shares of Common Stock (770) (965) (752)
Excess tax benefit from share-based compensation 44 98 66
Employee stock option proceeds 37 62 59
Dividends paid on Common Stock (615) (544) (481)
Other, net (80) (85) (43)
Net Cash Used in Financing Activities (1,451) (1,716) (1,413)
Effect of Exchange Rates on Cash and Cash Equivalents (5) 5 21
Net Increase (Decrease) in Cash and Cash Equivalents (203) (422) (228)
Cash and Cash Equivalents - Beginning of Year 776 1,198 1,426
Cash and Cash Equivalents - End of Year $ 573 $ 776 $ 1,198
[1] See Note 4 for further details on the acquisition of Little Sheep.