$MCD
MCDONALDS CORP

2018 Q2 Form 10-Q Financial Statement

#000006390818000049 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017 Q2
Revenue $5.354B $5.340B $6.050B
YoY Change -11.5% -11.42% -3.44%
Cost Of Revenue $483.9M $2.675B $3.341B
YoY Change -85.52% -22.93% -9.18%
Gross Profit $4.870B $2.666B $2.708B
YoY Change 79.81% 4.19% 4.73%
Gross Profit Margin 90.96% 49.91% 44.77%
Selling, General & Admin $542.1M $617.6M $525.4M
YoY Change 3.18% -1.58% -11.86%
% of Gross Profit 11.13% 23.17% 19.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $365.0M $342.8M $339.5M
YoY Change 7.51% -9.53% -11.43%
% of Gross Profit 7.49% 12.86% 12.54%
Operating Expenses $542.1M $617.6M $525.4M
YoY Change 3.18% -1.58% -11.86%
Operating Profit $2.262B $2.144B $2.295B
YoY Change -1.43% 8.9% 23.53%
Interest Expense $240.2M -$166.8M $230.9M
YoY Change 4.03% -14.37% 3.13%
% of Operating Profit 10.62% -7.78% 10.06%
Other Income/Expense, Net -$4.000M -$9.700M -$2.800M
YoY Change 42.86% 0.0% -117.28%
Pretax Income $2.018B $1.885B $2.061B
YoY Change -2.1% 8.66% 24.92%
Income Tax $521.8M $486.4M $666.3M
% Of Pretax Income 25.86% 25.8% 32.32%
Net Earnings $1.496B $698.7M $1.395B
YoY Change 7.25% -41.45% 27.65%
Net Earnings / Revenue 27.95% 13.08% 23.06%
Basic Earnings Per Share $1.92 $0.88 $1.72
Diluted Earnings Per Share $1.90 $0.87 $1.70
COMMON SHARES
Basic Shares Outstanding 780.0M shares 794.3M shares 811.6M shares
Diluted Shares Outstanding 787.1M shares 803.0M shares 819.2M shares

Balance Sheet

Concept 2018 Q2 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.624B $2.464B $2.392B
YoY Change -32.11% 101.47% -23.53%
Cash & Equivalents $1.624B $2.464B $2.392B
Short-Term Investments
Other Short-Term Assets $466.0M $828.0M $1.987B
YoY Change -76.55% -60.42% 252.3%
Inventory $49.60M $58.80M $56.70M
Prepaid Expenses
Receivables $2.217B $1.976B $1.457B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.356B $5.327B $5.893B
YoY Change -26.08% 9.87% 16.76%
LONG-TERM ASSETS
Property, Plant & Equipment $22.36B $22.45B $21.69B
YoY Change 3.1% 5.6% -5.08%
Goodwill $2.347B $2.380B $2.345B
YoY Change 0.09% 1.85% -6.14%
Intangibles
YoY Change
Long-Term Investments $1.281B $1.086B $780.0M
YoY Change 64.23% 49.59% -8.45%
Other Assets $2.517B $2.563B $2.079B
YoY Change 21.09% 38.13% 9.44%
Total Long-Term Assets $28.35B $28.48B $26.89B
YoY Change 5.43% 8.79% -4.3%
TOTAL ASSETS
Total Short-Term Assets $4.356B $5.327B $5.893B
Total Long-Term Assets $28.35B $28.48B $26.89B
Total Assets $32.71B $33.80B $32.79B
YoY Change -0.23% 8.96% -1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $917.9M $924.8M $536.0M
YoY Change 71.25% 22.33% -6.72%
Accrued Expenses $1.539B $1.700B $1.457B
YoY Change 5.63% 1.61% -22.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $292.2M $0.00 $209.9M
YoY Change 39.21% -100.0%
Total Short-Term Liabilities $2.970B $2.891B $2.743B
YoY Change 8.27% -16.66% 2.85%
LONG-TERM LIABILITIES
Long-Term Debt $30.69B $29.54B $28.15B
YoY Change 9.01% 14.13% 8.23%
Other Long-Term Liabilities $1.135B $1.154B $2.230B
YoY Change -49.12% 9.56% 0.99%
Total Long-Term Liabilities $31.82B $30.69B $30.38B
YoY Change 4.74% 13.96% 7.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.970B $2.891B $2.743B
Total Long-Term Liabilities $31.82B $30.69B $30.38B
Total Liabilities $34.79B $33.58B $33.12B
YoY Change 5.04% 10.46% 7.25%
SHAREHOLDERS EQUITY
Retained Earnings $49.11B $48.33B $47.30B
YoY Change 3.82% 4.55% 4.48%
Common Stock $16.60M $16.60M $16.60M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $59.73B $56.50B $53.75B
YoY Change 11.14% 8.44% 11.72%
Treasury Stock Shares 884.8M shares 866.5M shares 850.6M shares
Shareholders Equity -$5.851B -$3.268B -$2.001B
YoY Change
Total Liabilities & Shareholders Equity $32.71B $33.80B $32.79B
YoY Change -0.23% 8.96% -1.09%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $1.496B $698.7M $1.395B
YoY Change 7.25% -41.45% 27.65%
Depreciation, Depletion And Amortization $365.0M $342.8M $339.5M
YoY Change 7.51% -9.53% -11.43%
Cash From Operating Activities $1.339B $1.109B $1.213B
YoY Change 10.33% 36.13% -2.8%
INVESTING ACTIVITIES
Capital Expenditures $611.3M -$640.4M $368.7M
YoY Change 65.8% -4.63% 4.6%
Acquisitions
YoY Change
Other Investing Activities $63.90M $36.40M $96.00M
YoY Change -33.44% -92.73% 359.33%
Cash From Investing Activities -$490.8M -$604.0M -$146.8M
YoY Change 234.33% 253.42% -27.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.607B $1.108B
YoY Change 45.09% -67.23%
Debt Paid & Issued, Net $1.200M $1.400M
YoY Change -14.29% -99.77%
Cash From Financing Activities -$1.564B -747.1M -$1.167B
YoY Change 34.09% -45.51% 2.61%
NET CHANGE
Cash From Operating Activities $1.339B 1.109B $1.213B
Cash From Investing Activities -$490.8M -604.0M -$146.8M
Cash From Financing Activities -$1.564B -747.1M -$1.167B
Net Change In Cash -$716.2M -241.8M -$99.90M
YoY Change 616.92% -66.75% 8.47%
FREE CASH FLOW
Cash From Operating Activities $1.339B $1.109B $1.213B
Capital Expenditures $611.3M -$640.4M $368.7M
Free Cash Flow $727.5M $1.750B $844.7M
YoY Change -13.87% 17.71% -5.71%

Facts In Submission

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CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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245700000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
4600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-326400000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
241100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-300700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
637700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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32200000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-23200000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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24700000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-30300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-3600000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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2000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-15600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
5900000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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35800000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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40300000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-36200000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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1100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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300000 USD
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-2100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-2700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-4900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-5300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-2100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-2700000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-3800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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606500000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
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1207800000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
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1613700000 USD
us-gaap Comprehensive Income Net Of Tax
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2615100000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3216400000 USD
CY2018Q2 us-gaap Net Income Loss
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1496300000 USD
CY2017Q2 us-gaap Net Income Loss
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1395100000 USD
us-gaap Net Income Loss
NetIncomeLoss
2871700000 USD
us-gaap Net Income Loss
NetIncomeLoss
2609900000 USD
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
365000000.0 USD
CY2017Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
339500000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
727900000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
664800000 USD
CY2018Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
54400000 USD
CY2017Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
64600000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
83600000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
150500000 USD
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
23900000 USD
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
21300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
63700000 USD
us-gaap Share Based Compensation
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44000000.0 USD
CY2018Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
90700000 USD
CY2017Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
76000000.0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
145600000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
188700000 USD
CY2018Q2 us-gaap Increase Decrease In Operating Capital
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510100000 USD
CY2017Q2 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
531100000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
617300000 USD
us-gaap Increase Decrease In Operating Capital
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523100000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1338800000 USD
CY2017Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1213400000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2984000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2757400000 USD
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
611300000 USD
CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
368700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1164100000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
796400000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11600000 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
15000000.0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
35300000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
18100000 USD
CY2018Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
143200000 USD
CY2017Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
304100000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
329900000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
849900000 USD
CY2018Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
52800000 USD
CY2017Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
124500000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
94100000 USD
CY2018Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
63900000 USD
CY2017Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
96000000.0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
104900000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
138200000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-490800000 USD
CY2017Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-146800000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-849900000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8700000 USD
CY2018Q2 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
239700000 USD
CY2017Q2 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-9300000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
795700000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-778500000 USD
CY2018Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
500500000 USD
CY2017Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
537100000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2000200000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2530100000 USD
CY2018Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1200000 USD
CY2017Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1400000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1002800000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
403500000 USD
CY2018Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1607200000 USD
CY2017Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1107700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3240100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1855700000 USD
CY2018Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
786100000 USD
CY2017Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
761500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1583600000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1532100000 USD
CY2018Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
91700000 USD
CY2017Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
174400000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
167000000.0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
290600000 USD
CY2018Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1600000 USD
CY2017Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1900000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6800000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4600000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1564200000 USD
CY2017Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1166500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2870400000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1753700000 USD
CY2018Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-128300000 USD
CY2017Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
98700000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-104000000.0 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
153400000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-844500000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1200000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-840300000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1148400000 USD
CY2018Q2 mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
0 USD
CY2017Q2 mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
-18600000 USD
mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
0 USD
mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
20600000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2468000000.0 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2412200000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2463800000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1223400000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1623500000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2392400000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1623500000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2392400000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-3268000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
2871700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-256600000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2615100000 USD
mcd Adoptionof Asc606
AdoptionofASC606
-450200000 USD
mcd Adoptionof Asu201616
AdoptionofASU201616
-57000000.0 USD
us-gaap Dividends Cash
DividendsCash
1583600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3336300000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
63700000 USD
mcd Stock Option Exercises And Other Value
StockOptionExercisesAndOtherValue
165300000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
-5851000000.0 USD
CY2018Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
37406 Restaurant
CY2017Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
37011 Restaurant
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7100000 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7100000 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2600000 shares
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000000.0 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
Recently Issued Accounting Standards <div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Measurement Period - Tax Cuts and Jobs Act of 2017</span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In December 2017, the Securities and Exchange Commission published Staff Accounting Bulletin No. 118 ("SAB 118"), which provides guidance on reporting for accounting impacts of the Tax Cuts and Jobs Act of 2017 (“Tax Act”). SAB 118 allowed the Company to provide reasonable estimates in its 2017 consolidated financial statements for the income tax effects of the Tax Act and to report those effects as provisional amounts in its financial statements through a limited measurement period. Under SAB 118, the measurement period may not extend beyond one year from the enactment of the Tax Act.</span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has not completed the accounting for the tax effects of the enactment of the Tax Act, although it has made reasonable estimates of the effects on existing deferred tax balances and on the one-time transition tax on earnings of certain foreign subsidiaries. Certain aspects of the Tax Act are expected to be clarified, and as such, could impact these estimates. A net provisional tax cost of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$700 million</span></span><span style="font-family:inherit;font-size:10pt;"> was originally recognized in the Company's 2017 consolidated financial statements, and subsequently increased by </span><span style="font-family:inherit;font-size:10pt;"><span>$52 million</span></span><span style="font-family:inherit;font-size:10pt;"> in the first quarter of 2018. </span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Lease Accounting</span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, “Leases (Topic 842),” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements.  Most prominent among the amendments is the recognition of assets and liabilities by lessees for those leases classified as operating leases under current U.S. GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. The Company will adopt the new standard effective January 1, 2019.</span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At transition, the Company will recognize and measure leases using the required modified retrospective approach. The Company anticipates ASU 2016-02 will have a material impact on the consolidated balance sheet due to the significance of the Company’s operating lease portfolio. The Company will elect an optional practical expedient to retain the current classification of leases, and, therefore, </span></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">anticipates a minimal initial impact on the consolidated statement of income. The impact of ASU 2016-02 is non-cash in nature; therefore, it will not affect the Company’s cash flows. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Standards</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging</span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU 2017-12 expanded components of fair value hedging, specifies the recognition and presentation of the effects of hedging instruments, and eliminates the separate measurement and presentation of hedge ineffectiveness. The Company elected to early adopt the new standard in the first quarter of 2018 and applied the presentation and disclosure guidance on a prospective basis. The adoption of the standard did not have a material impact on the Company's condensed consolidated financial statements.</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.” The goal of this update was to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. The Company adopted this standard on January 1, 2018 using a modified retrospective method, resulting in a cumulative catch up adjustment of </span><span style="font-family:inherit;font-size:10pt;"><span>$57 million</span></span><span style="font-family:inherit;font-size:10pt;">, the majority of which was recorded within miscellaneous other assets on the condensed consolidated balance sheet. The adoption of this standard did not have a material impact on the condensed consolidated statements of income and cash flows.</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</span></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued guidance codified in Accounting Standards Codification ("ASC") 606, "Revenue Recognition - Revenue from Contracts with Customers," which amended the guidance in former ASC 605, "Revenue Recognition." The core principle of the standard is to recognize revenue when control of the promised goods or services is transferred to customers in an amount that reflects the consideration expected to be received for those goods or services. The standard also requires additional disclosures around the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.</span></div><span style="font-family:inherit;font-size:10pt;">On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method. Refer to the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenues </span>footnote below for further details.
CY2018Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2594900000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3569600000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5130500000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6981500000 USD
CY2018Q2 us-gaap Franchise Revenue
FranchiseRevenue
2759000000.0 USD
CY2017Q2 us-gaap Franchise Revenue
FranchiseRevenue
2480100000 USD
us-gaap Franchise Revenue
FranchiseRevenue
5362300000 USD
us-gaap Franchise Revenue
FranchiseRevenue
4744100000 USD
CY2018Q2 us-gaap Revenues
Revenues
5353900000 USD
CY2017Q2 us-gaap Revenues
Revenues
6049700000 USD
us-gaap Revenues
Revenues
10492800000 USD
us-gaap Revenues
Revenues
11725600000 USD
CY2018Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
31000000000.0 USD
CY2018Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
186100000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
167900000 USD
CY2018Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
-31000000.0 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
-45400000 USD
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
23800000 USD
CY2018Q2 us-gaap Revenues
Revenues
5353900000 USD
CY2017Q2 us-gaap Revenues
Revenues
6049700000 USD
us-gaap Revenues
Revenues
10492800000 USD
us-gaap Revenues
Revenues
11725600000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2262300000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2295100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4405400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4329100000 USD

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