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Consolidated Statements of Cash Flows
$ in Millions
 12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Cash Flows - Operating Activities      
Net Income $ 904 $ 1,294 $ 1,542
Depreciation and amortization 146 112 137
Impairment and closure expense 172 [1] 5 [1] 6 [1]
Refranchising (gain) loss (34) (37) (540)
Investment (income) expense, net (74) [2] 67 [2] (9) [2]
Contributions to defined benefit pension plans (6) (15) (16)
Deferred income taxes (65) (232) (11)
Share-based compensation expense 97 59 50
Changes in Accounts and Notes Receivable 62 (56) (66)
Changes in Prepaid Expense and Other Assets 8 (8) 0
Changes in accounts payable and other current liabilities 128 (36) (68)
Changes in income taxes payable (110) 23 65
Other, net 77 139 86
Net Cash Provided by Operating Activities 1,305 1,315 1,176
Cash Flows - Investing Activities      
Capital spending (160) (196) (234)
Payments for (Proceeds from) Investments 206 0 (200)
Proceeds from refranchising of restaurants 19 110 825
Other, net 8 (2) (12)
Net Cash Provided by (Used in) Investing Activities (335) (88) 313
Cash Flows - Financing Activities      
Proceeds from long-term debt 1,650 800 1,556
Repayments of long-term debt (1,517) (331) (1,264)
Revolving credit facilities, three months or less, net 0 0 0
Short-term borrowings by original maturity      
More than three months - proceeds 95 130 59
More than three months - payments (100) (126) (59)
Three months or less, net 0 0 0
Repurchase shares of Common Stock (239) (815) (2,390)
Dividends paid on Common Stock (566) (511) (462)
Debt issuance costs (20) (10) (13)
Other, net (41) (75) (47)
Net Cash Used in Financing Activities (738) (938) (2,620)
Effect of Exchange Rate on Cash and Cash Equivalents 24 5 (63)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 256 294 (1,194)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,024 768 474
QuikOrder Acquisition      
Cash Flows - Investing Activities      
Payments to Acquire Businesses, Net of Cash Acquired 0 0 (66)
The Habit Burger Grill [Member]      
Cash Flows - Investing Activities      
Payments to Acquire Businesses, Net of Cash Acquired $ (408) $ 0 $ 0
[1] The year ended December 31, 2020, includes a charge of $144 million related to the impairment of Habit Burger Grill goodwill. The year ended December 31, 2020, also includes charges of $12 million related to the impairment of restaurant-level assets and charges of $11 million related to the write-off of software no longer being used.
[2] Amounts have not been allocated to any segment for performance reporting purposes.