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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,540 $ 1,533
Accounts and notes receivable, net of allowance of $41 and $13, respectively 520 527
Inventories, net 96 84
Prepaids and other current assets 71 52
Total current assets 2,227 2,196
Property and equipment, net of accumulated depreciation and amortization of $793 and $746, respectively 1,958 2,007
Operating lease assets, net 1,117 1,176
Intangible assets, net 10,288 10,563
Goodwill 5,498 5,651
Net investment in property leased to franchisees 62 48
Other assets, net 866 719
Total assets 22,016 22,360
Current liabilities:    
Accounts and drafts payable 470 644
Other accrued liabilities 596 790
Gift card liability 112 168
Current portion of long-term debt and finance leases 106 101
Total current liabilities 1,284 1,703
Long-term debt, net of current portion 12,310 11,759
Finance leases, net of current portion 299 288
Operating lease liabilities, net of current portion 1,046 1,089
Other liabilities, net 1,810 1,698
Deferred income taxes, net 1,415 1,564
Total liabilities 18,164 18,101
Shareholders’ equity:    
Common shares, no par value; Unlimited shares authorized at June 30, 2020 and December 31, 2019; 302,623,813 shares issued and outstanding at June 30, 2020; 298,281,081 shares issued and outstanding at December 31, 2019 2,602 2,478
Retained earnings 708 775
Accumulated other comprehensive income (loss) (1,025) (763)
Total Restaurant Brands International Inc. shareholders’ equity 2,285 2,490
Noncontrolling interests 1,567 1,769
Total shareholders’ equity 3,852 4,259
Total liabilities and shareholders’ equity $ 22,016 $ 22,360