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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating activities        
Net income $ 1,275.4 $ 1,309.2 $ 3,493.1 $ 3,323.1
Charges and credits:        
Depreciation and amortization 370.6 387.7 1,137.6 1,166.0
Deferred income taxes (216.0) (0.1) (374.7) 15.2
Share-based compensation 34.3 29.0 102.1 76.7
Other 2.9 27.2 189.1 289.3
Changes in working capital items 783.9 194.4 697.5 290.1
Cash provided by operations 2,251.1 1,947.4 5,244.7 5,160.4
Investing activities        
Capital expenditures (405.3) (412.7) (1,149.6) (1,221.2)
Sales and purchases of restaurant businesses and property sales 103.9 38.2 421.3 136.8
Other (49.7) (44.0) (82.4) (29.8)
Cash used for investing activities (351.1) (418.5) (810.7) (1,114.2)
Financing activities        
Net short-term borrowings (80.0) 170.2 (742.9) 131.4
Long-term financing issuances 0.6 1.4 3,372.7 4,229.2
Long-term financing repayments (5.7) (6.2) (819.6) (1,052.9)
Treasury stock purchases (1,969.8) (2,392.3) (9,662.2) (4,554.1)
Common stock dividends (745.1) (789.1) (2,285.2) (2,416.4)
Proceeds from stock option exercises 36.1 35.7 249.9 170.9
Excess tax benefit on share-based compensation 0.0 4.6 0.0 30.0
Other (11.8) (2.9) (3.9) (22.4)
Cash used for financing activities (2,775.7) (2,978.6) (9,891.2) (3,484.3)
Effect of exchange rates on cash and cash equivalents 14.4 (96.3) 38.4 (187.3)
Cash and equivalents increase (decrease) (861.3) (1,546.0) (5,418.8) 374.6
Cash and equivalents at beginning of period 3,128.0 3,998.5 7,685.5 2,077.9
Cash and equivalents at end of period $ 2,266.7 $ 2,452.5 $ 2,266.7 $ 2,452.5