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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 1,253 $ 750 $ 1,111
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 201 189 185
Premiums paid and non-cash loss on early extinguishment of debt 11 97 16
Amortization of deferred financing costs and debt issuance discount 27 26 29
(Income) loss from equity method investments 4 39 (11)
Loss (gain) on remeasurement of foreign denominated transactions (76) 100 (14)
Net (gains) losses on derivatives 87 32 (49)
Share-based compensation and non-cash incentive compensation expense 102 84 74
Deferred income taxes (5) (208) 58
Other (16) 28 6
Changes in current assets and liabilities, excluding acquisitions and dispositions:      
Accounts and notes receivable 8 (30) (53)
Inventories and prepaids and other current assets 12 (10) (15)
Accounts and drafts payable 149 (183) 112
Other accrued liabilities and gift card liability 67 6 (57)
Tenant inducements paid to franchisees (20) (22) (54)
Other long-term assets and liabilities (78) 23 138
Net cash provided by operating activities 1,726 921 1,476
Cash flows from investing activities:      
Payments for property and equipment (106) (117) (62)
Net proceeds from disposal of assets, restaurant closures and refranchisings 16 12 8
Net payment for purchase of Firehouse Subs, net of cash acquired (1,004) 0 0
Settlement/sale of derivatives, net 5 33 24
Other investing activities, net (14) (7) 0
Net cash used for investing activities (1,103) (79) (30)
Cash flows from financing activities:      
Proceeds from revolving line of credit and long-term debt 1,335 5,235 2,250
Repayments of revolving line of credit, long-term debt and finance leases (889) (4,708) (2,266)
Payment of financing costs (19) (43) (50)
Distributions on Class A common and Partnership exchangeable units (974) (959) (901)
Repurchase of Partnership exchangeable units 0 (380) 0
Distributions to RBI for repurchase of RBI common shares (551) 0 0
Capital contribution from RBI 60 82 102
(Payments) proceeds from derivatives (51) (46)  
(Payments) proceeds from derivatives     23
Other financing activities, net (4) (2) 0
Net cash used for financing activities (1,093) (821) (842)
Effect of exchange rates on cash and cash equivalents (3) 6 16
Increase (decrease) in cash and cash equivalents (473) 27 620
Cash and cash equivalents at beginning of period 1,560 1,533 913
Cash and cash equivalents at end of period 1,087 1,560 1,533
Supplemental cash flow disclosures:      
Interest paid 404 463 584
Income taxes paid $ 256 $ 267 $ 248