Supplemental Balance Sheet Information

3 Months Ended

Mar. 31, 2025

Supplemental Balance Sheet Information Disclosure [Abstract]

Accounts and Notes Receivable, net

The Company’s receivables are primarily generated from ongoing business relationships with our franchisees as a result of franchise and lease agreements. Trade receivables consisting of royalties from franchisees are generally due within 30 days of the period in which the corresponding sales occur and are classified as Accounts and notes receivable, net in our Condensed Consolidated Balance Sheets. Accounts and notes receivable, net also includes receivables generated from advertising cooperatives that we consolidate.


	3/31/2025		12/31/2024
Accounts and notes receivable, gross	$	786	$	849
Allowance for doubtful accounts	(74)		(74)
Accounts and notes receivable, net	$	712	$	775

Prepaid Expenses and Other Current Assets


	3/31/2025		12/31/2024
Income tax receivable	$	49	$	55
Restricted cash	141		155
Short term investments	—		91
Assets held for sale	8		21
Prepaid expenses	155		100
Other current assets	55		58
Prepaid expenses and other current assets	$	408	$	480

Property, Plant and Equipment, net


	3/31/2025		12/31/2024
Property, plant and equipment, gross	$	2,757	$	2,688
Accumulated depreciation and amortization	(1,419)		(1,384)
Property, plant and equipment, net	$	1,338	$	1,304


Other Assets	3/31/2025		12/31/2024
Operating lease right-of-use assets(a)	$	889	$	881

Franchise incentives	161		144

Other	316		304
Other assets	$	1,366	$	1,329

(a) Non-current operating lease liabilities of $869 million and $862 million as of March 31, 2025 and December 31, 2024, respectively, are included in Other liabilities and deferred credits in our Condensed Consolidated Balance Sheets.

Reconciliation of Cash and Cash Equivalents for Condensed Consolidated Statements of Cash Flows


	3/31/2025		12/31/2024
Cash and cash equivalents as presented in Condensed Consolidated Balance Sheets	$	607	$	616
Restricted cash included in Prepaid expenses and other current assets(a)	141		155
Restricted cash and restricted cash equivalents included in Other assets(b)	34		36

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents as presented in Condensed Consolidated Statements of Cash Flows	$	782	$	807

(a) Restricted cash within Prepaid expenses and other current assets reflects the cash related to advertising cooperatives which we consolidate that can only be used to settle obligations of the respective cooperatives and cash held in reserve for Taco Bell Securitization interest payments.

(b) Primarily trust accounts related to our self-insurance program.