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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:                
Cash and cash equivalents $ 1,904     $ 1,533 $ 1,699     $ 913
Accounts and notes receivable, net of allowance of $37 and $13, respectively 589     527        
Inventories, net 87     84        
Prepaids and other current assets 85     52        
Total current assets 2,665     2,196        
Property and equipment, net of accumulated depreciation and amortization of $831 and $746, respectively 1,975     2,007        
Operating lease assets, net 1,122     1,176        
Intangible assets, net 10,415     10,563        
Goodwill 5,571     5,651        
Net investment in property leased to franchisees 63     48        
Other assets, net 722     719        
Total assets 22,533     22,360        
Current liabilities:                
Accounts and drafts payable 523     644        
Other accrued liabilities 883     790        
Gift card liability 108     168        
Current portion of long-term debt and finance leases 107     101        
Total current liabilities 1,621     1,703        
Long-term debt, net of current portion 12,300     11,759        
Finance leases, net of current portion 304     288        
Operating lease liabilities, net of current portion 1,054     1,089        
Other liabilities, net 1,917     1,698        
Deferred income taxes, net 1,422     1,564        
Total liabilities 18,618     18,101        
Partners’ capital:                
Accumulated other comprehensive income (loss) (1,526)     (1,178)        
Total Partners’ capital 3,911     4,255        
Noncontrolling interests 4     4        
Total equity 3,915 $ 3,852 $ 3,752 4,259 4,063 $ 3,960 $ 3,773 3,618
Total liabilities and equity 22,533     22,360        
Class A common units                
Partners’ capital:                
Class A common units; 202,006,067 issued and outstanding at September 30, 2020 and December 31, 2019 8,005     7,786        
Total equity 8,005 7,947 7,840 7,786 7,753 4,495 4,423 4,323
Partnership exchangeable units                
Partners’ capital:                
Partnership exchangeable units; 162,212,231 issued and outstanding at September 30, 2020; 165,507,199 issued and outstanding at December 31, 2019 (2,568)     (2,353)        
Total equity $ (2,568) $ (2,526) $ (2,370) $ (2,353) $ (2,358) $ 746 $ 737 $ 730