beatandraise : SEC Filings Research with AI

beatandraise.com

2.2.0.25falsefalse115 - Disclosure - Contingenciestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $eol_PE2163----1010-K0023_STD_365_20101231_0http://www.sec.gov/CIK0000063908duration2010-01-01T00:00:002010-12-31T00:00:00iso4217_USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170pureStandardhttp://www.xbrl.org/2003/instancepure0YearStandardhttp://www.mcdonalds.com/20101231Yearmcd0sharesStandardhttp://www.xbrl.org/2003/instanceshares0iso4217_USD_per_sharesDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0USDUSD$5false0us-gaap_CommitmentsAndContingenciesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> Contingencies     From time to time, the Company is subject to proceedings, lawsuits and other claims related to competitors, customers, employees, franchisees, government agencies, intellectual property, shareholders and suppliers. The Company is required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of accrual required, if any, for these contingencies is made after careful analysis of each matter. The required accrual may change in the future due to new developments in each matter or changes in approach such as a change in settlement strategy in dealing with these matters. In connection with the sale in 2007 of its businesses in 18 countries in Latin America and the Caribbean to a developmental licensee organization, the Company agreed to indemnify the buyers for certain tax and other claims, certain of which are reflected on McDonald’s Consolidated balance sheet (2010 and 2009: other long-term liabilities–$49.6 million and $71.8 million, respectively; 2010 and 2009: accrued payroll and other liabilities–$28.4 million and $25.3 million, respectively). The change in the total balance was primarily a result of the resolution of certain of these liabilities. The Company believes any other matters currently being reviewed will not have a material adverse effect on its financial condition or results of operation. </div>Contingencies     From time to time, the Company is subject to proceedings, lawsuits and other claims related to competitors, customers, employees,falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringIncludes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 14 -Paragraph 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 9, 10, 11, 12 falsefalseContingencies11ContingenciesUnKnownUnKnownUnKnownUnKnownfalsetrue