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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 365 $ 486
Accounts and notes receivable, net [1] 565 596
Prepaid expenses and other current assets 426 450
Total Current Assets 1,356 1,532
Property, plant and equipment, net 1,181 1,207
Goodwill 656 657
Intangible assets, net 354 359
Other assets 1,485 1,487
Deferred Income Taxes 784 724
Total Assets 5,816 5,966
Current Liabilities    
Accounts payable and other current liabilities 1,202 1,334
Income taxes payable 27 13
Short-term borrowings 73 68
Total Current Liabilities 1,302 1,415
Long-term debt 11,332 11,178
Other liabilities and deferred credits 1,673 1,746
Total Liabilities 14,307 14,339
Shareholders' Equity    
Common Stock, no par value, 750 shares authorized; 298 shares issued in 2021 and 300 issued in 2020 0 0
Accumulated Deficit (8,199) (8,048)
Accumulated other comprehensive loss (292) (325)
Total Shareholders' Deficit (8,491) (8,373)
Total Liabilities and Shareholders' Deficit $ 5,816 $ 5,966
Common Stock, No Par Value $ 0 $ 0
Common Stock, Shares Authorized 750 750
Common Stock, Shares, Issued 286 289
[1] Accounts and notes receivable, net includes approximately $2 million in license fees at March 31, 2022 related to Yum China Holdings, Inc. ("Yum China") gross revenue during the quarter ended March 31, 2022 that Yum China is now disputing are due under the terms of the Master License Agreement (“MLA”) between the Company and Yum China. License fees related to such revenue have historically been paid by Yum China and we believe they continue to be due under the terms of the MLA.