XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows - Operating Activities    
Net Income (Loss) Attributable to Parent $ 433 $ 280
Depreciation and amortization 37 70
Refranchising (gain) loss (156) (111)
Other investment (income) expense, net (66) (1)
Contributions to defined benefit pension plans (3) (7)
Deferred income taxes (1) 20
Share-based compensation expense 17 17
Changes in accounts and notes receivable 4 18
Changes in prepaid expenses and other current assets (22) (1)
Changes in accounts payable and other current liabilities (99) (48)
Changes in income taxes payable 13 12
Other, net 32 39
Net Cash Provided by Operating Activities 189 288
Cash Flows - Investing Activities    
Capital spending (42) (76)
Proceeds from refranchising of restaurants 205 185
Other, net 1 (5)
Net Cash Used in Investing Activities 164 104
Cash Flows - Financing Activities    
Proceeds from long-term debt 0 192
Repayments of long-term debt (332) (200)
Revolving credit facilities, three months or less, net 0 0
Short-term borrowings by original maturity    
More than three months - proceeds 12 0
More than three months - payments (7) 0
Three months or less, net 0 0
Repurchase shares of Common Stock (498) (461)
Dividends paid on Common Stock (120) (106)
Debt issuance costs 0 (18)
Other, net (31) (36)
Net Cash Provided by (Used in) Financing Activities (976) (629)
Effect of Exchange Rates on Cash and Cash Equivalents 38 17
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations (585) (220)
Cash and Cash Equivalents - End of Period 982  
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows $ 1,083 [1] $ 611
[1] Upon adoption of Topic 606 we reclassified $11 million and $58 million, respectively, from Advertising cooperative assets, restricted to Cash and cash equivalents and Prepaid expenses and other current assets. These amounts are included in the Beginning of Period balance of Cash, Cash Equivalents, Restricted Cash and Restricted Cash equivalents in our Condensed Consolidated Statement of Cash Flows for the quarter ended March 31, 2018.