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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows - Operating Activities      
Net Income $ 1,575 $ 904 $ 1,294
Depreciation and amortization 164 146 112
Impairment and closure expense 19 172 5
Refranchising (gain) loss (35) (34) (37)
Investment (income) expense, net [1] (86) (74) 67
Deferred income taxes (200) (65) (232)
Share-based compensation expense 75 97 59
Changes in Accounts and Notes Receivable (46) 62 (56)
Changes in Prepaid Expense and Other Assets (33) 8 (8)
Changes in accounts payable and other current liabilities 122 128 (36)
Changes in income taxes payable (41) (110) 23
Other, net 192 71 124
Net Cash Provided by Operating Activities 1,706 1,305 1,315
Cash Flows - Investing Activities      
Capital spending (230) (160) (196)
Payments to Acquire Businesses, Net of Cash Acquired 0 (408) 0
Payments for (Proceeds from) Investments 0 206 0
Proceeds from refranchising of restaurants 85 19 110
Other, net (28) 8 (2)
Net Cash Provided by (Used in) Investing Activities (173) (335) (88)
Cash Flows - Financing Activities      
Proceeds from long-term debt 4,150 1,650 800
Repayments of long-term debt (3,657) (1,517) (331)
Revolving credit facilities, three months or less, net 0 0 0
Short-term borrowings by original maturity      
More than three months - proceeds 0 95 130
More than three months - payments 0 (100) (126)
Three months or less, net 0 0 0
Repurchase shares of Common Stock (1,591) (239) (815)
Dividends paid on Common Stock (592) (566) (511)
Debt issuance costs (37) (20) (10)
Other, net (40) (41) (75)
Net Cash Used in Financing Activities (1,767) (738) (938)
Effect of Exchange Rate on Cash and Cash Equivalents (19) 24 5
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (253) 256 294
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 1,024 768 474
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance $ 771 $ 1,024 $ 768
[1] Amounts have not been allocated to any segment for performance reporting purposes.