Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
|
| Operating activities | ||||
| Net income | $ 1,516.9 | $ 1,496.3 | $ 2,845.3 | $ 2,871.7 |
| Charges and credits: | ||||
| Depreciation and amortization | 398.3 | 365.0 | 790.9 | 727.9 |
| Deferred income taxes | 58.0 | 54.4 | 112.3 | 83.6 |
| Share-based compensation | 28.9 | 23.9 | 60.5 | 63.7 |
| Other | 14.9 | (90.7) | 66.4 | (145.6) |
| Changes in working capital items | (91.5) | (510.1) | 70.7 | (617.3) |
| Cash provided by operations | 1,925.5 | 1,338.8 | 3,946.1 | 2,984.0 |
| Investing activities | ||||
| Capital expenditures | (597.8) | (611.3) | (1,113.1) | (1,164.1) |
| Purchases of restaurant and other businesses | (384.8) | (11.6) | (393.8) | (35.3) |
| Sales of restaurant businesses | 68.6 | 143.2 | 200.5 | 329.9 |
| Sales of property | 68.9 | 52.8 | 91.2 | 124.5 |
| Other | (54.9) | (63.9) | (456.1) | (104.9) |
| Cash (used for) investing activities | (900.0) | (490.8) | (1,671.3) | (849.9) |
| Financing activities | ||||
| Net short-term borrowings | 589.1 | 239.7 | 495.1 | 795.7 |
| Long-term financing issuances | 6.5 | 500.5 | 2,519.8 | 2,000.2 |
| Long-term financing repayments | (981.2) | (1.2) | (1,396.2) | (1,002.8) |
| Treasury stock purchases | (1,067.4) | (1,607.2) | (2,063.5) | (3,240.1) |
| Common stock dividends | (883.0) | (786.1) | (1,769.8) | (1,583.6) |
| Proceeds from stock option exercises | 139.4 | 91.7 | 250.0 | 167.0 |
| Other | 0.5 | (1.6) | (10.8) | (6.8) |
| Cash (used for) financing activities | (2,196.1) | (1,564.2) | (1,975.4) | (2,870.4) |
| Effect of exchange rates on cash and cash equivalents | 16.0 | (128.3) | (30.9) | (104.0) |
| Cash and equivalents increase (decrease) | (1,154.6) | (844.5) | 268.5 | (840.3) |
| Cash and equivalents at beginning of period | 2,289.1 | 2,468.0 | 866.0 | 2,463.8 |
| Cash and equivalents at end of period | $ 1,134.5 | $ 1,623.5 | $ 1,134.5 | $ 1,623.5 |
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. No definition available.
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash (inflow) outflow from investing activities classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow from exercise of option under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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