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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,919 $ 1,533
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 2,680 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 707 719
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
Shareholders’ equity:    
Common shares, no par value; Unlimited shares authorized at September 30, 2020 and December 31, 2019; 303,877,203 shares issued and outstanding at September 30, 2020; 298,281,081 shares issued and outstanding at December 31, 2019 2,648 2,478
Retained earnings 692 775
Accumulated other comprehensive income (loss) (997) (763)
Total Restaurant Brands International Inc. shareholders’ equity 2,343 2,490
Noncontrolling interests 1,572 1,769
Total shareholders’ equity 3,915 4,259
Total liabilities and shareholders’ equity $ 22,533 $ 22,360