$MCD
MCDONALDS CORP

2018 Q3 Form 10-Q Financial Statement

#000006390818000064 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3 2017 Q2
Revenue $5.369B $5.755B $6.050B
YoY Change -6.69% -10.42% -3.44%
Cost Of Revenue $499.4M $2.937B $3.341B
YoY Change -83.0% -20.12% -9.18%
Gross Profit $4.870B $2.818B $2.708B
YoY Change 72.85% 2.57% 4.73%
Gross Profit Margin 90.7% 48.96% 44.77%
Selling, General & Admin $515.2M $567.0M $525.4M
YoY Change -9.14% -2.73% -11.86%
% of Gross Profit 10.58% 20.12% 19.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $375.1M $355.8M $339.5M
YoY Change 5.42% -3.99% -11.43%
% of Gross Profit 7.7% 12.63% 12.54%
Operating Expenses $515.2M $567.0M $525.4M
YoY Change -9.14% -2.73% -11.86%
Operating Profit $2.418B $3.079B $2.295B
YoY Change -21.49% 44.08% 23.53%
Interest Expense $250.1M $236.7M $230.9M
YoY Change 5.66% 6.91% 3.13%
% of Operating Profit 10.34% 7.69% 10.06%
Other Income/Expense, Net -$8.900M -$23.20M -$2.800M
YoY Change -61.64% 103.51% -117.28%
Pretax Income $2.159B $2.820B $2.061B
YoY Change -23.44% 48.04% 24.92%
Income Tax $521.4M $935.8M $666.3M
% Of Pretax Income 24.15% 33.19% 32.32%
Net Earnings $1.637B $1.884B $1.395B
YoY Change -13.08% 47.69% 27.65%
Net Earnings / Revenue 30.49% 32.73% 23.06%
Basic Earnings Per Share $2.12 $2.34 $1.72
Diluted Earnings Per Share $2.10 $2.32 $1.70
COMMON SHARES
Basic Shares Outstanding 772.8M shares 805.3M shares 811.6M shares
Diluted Shares Outstanding 779.6M shares 813.5M shares 819.2M shares

Balance Sheet

Concept 2018 Q3 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.575B $2.671B $2.392B
YoY Change -3.59% 17.82% -23.53%
Cash & Equivalents $2.575B $2.671B $2.392B
Short-Term Investments
Other Short-Term Assets $670.0M $496.0M $1.987B
YoY Change 35.08% -16.64% 252.3%
Inventory $41.90M $54.20M $56.70M
Prepaid Expenses
Receivables $2.267B $1.569B $1.457B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.553B $4.790B $5.893B
YoY Change 15.92% 11.35% 16.76%
LONG-TERM ASSETS
Property, Plant & Equipment $22.61B $21.98B $21.69B
YoY Change 2.89% -4.38% -5.08%
Goodwill $2.345B $2.373B $2.345B
YoY Change -1.19% -5.25% -6.14%
Intangibles
YoY Change
Long-Term Investments $1.136B $1.000B $780.0M
YoY Change 13.6% 13.9% -8.45%
Other Assets $2.407B $2.418B $2.079B
YoY Change -0.46% 33.1% 9.44%
Total Long-Term Assets $28.50B $27.77B $26.89B
YoY Change 2.63% -1.47% -4.3%
TOTAL ASSETS
Total Short-Term Assets $5.553B $4.790B $5.893B
Total Long-Term Assets $28.50B $27.77B $26.89B
Total Assets $34.05B $32.56B $32.79B
YoY Change 4.59% 0.22% -1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $932.8M $685.2M $536.0M
YoY Change 36.14% -19.6% -6.72%
Accrued Expenses $1.643B $1.694B $1.457B
YoY Change -3.01% -26.03% -22.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $215.8M $209.9M
YoY Change
Total Short-Term Liabilities $3.627B $3.740B $2.743B
YoY Change -3.03% -16.45% 2.85%
LONG-TERM LIABILITIES
Long-Term Debt $31.90B $28.40B $28.15B
YoY Change 12.3% 9.21% 8.23%
Other Long-Term Liabilities $1.129B $2.292B $2.230B
YoY Change -50.74% 1.95% 0.99%
Total Long-Term Liabilities $33.02B $30.69B $30.38B
YoY Change 7.59% 8.63% 7.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.627B $3.740B $2.743B
Total Long-Term Liabilities $33.02B $30.69B $30.38B
Total Liabilities $36.65B $34.44B $33.12B
YoY Change 6.44% 5.2% 7.25%
SHAREHOLDERS EQUITY
Retained Earnings $49.08B $47.63B $47.30B
YoY Change 3.03% 5.78% 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) $60.63B $55.88B $53.75B
YoY Change 8.5% 10.09% 11.72%
Treasury Stock Shares 889.7M shares 863.4M shares 850.6M shares
Shareholders Equity -$6.793B -$3.478B -$2.001B
YoY Change
Total Liabilities & Shareholders Equity $34.05B $32.56B $32.79B
YoY Change 4.59% 0.22% -1.09%

Cashflow Statement

Concept 2018 Q3 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $1.637B $1.884B $1.395B
YoY Change -13.08% 47.69% 27.65%
Depreciation, Depletion And Amortization $375.1M $355.8M $339.5M
YoY Change 5.42% -3.99% -11.43%
Cash From Operating Activities $2.471B $1.685B $1.213B
YoY Change 46.7% -25.17% -2.8%
INVESTING ACTIVITIES
Capital Expenditures $703.8M $416.9M $368.7M
YoY Change 68.82% 2.86% 4.6%
Acquisitions
YoY Change
Other Investing Activities $98.10M $45.70M $96.00M
YoY Change 114.66% -8.05% 359.33%
Cash From Investing Activities -$721.3M $1.175B -$146.8M
YoY Change -161.4% -434.58% -27.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.041B $2.082B $1.108B
YoY Change -50.01% 5.68% -67.23%
Debt Paid & Issued, Net $1.900M $3.600M $1.400M
YoY Change -47.22% -36.84% -99.77%
Cash From Financing Activities -$768.0M -$2.810B -$1.167B
YoY Change -72.67% 1.24% 2.61%
NET CHANGE
Cash From Operating Activities $2.471B $1.685B $1.213B
Cash From Investing Activities -$721.3M $1.175B -$146.8M
Cash From Financing Activities -$768.0M -$2.810B -$1.167B
Net Change In Cash $981.8M $49.20M -$99.90M
YoY Change 1895.53% -105.62% 8.47%
FREE CASH FLOW
Cash From Operating Activities $2.471B $1.685B $1.213B
Capital Expenditures $703.8M $416.9M $368.7M
Free Cash Flow $1.767B $1.268B $844.7M
YoY Change 39.42% -31.33% -5.71%

Facts In Submission

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4493600000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-78800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
247300000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-379500000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
780600000 USD
CY2018Q3 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
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-4900000 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
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-109300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-78800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
252200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-379500000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
889900000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
8600000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-14500000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
33200000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-44800000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
5200000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-9100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-10400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3200000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
3400000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-5400000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
43600000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-41600000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2017Q3 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
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-2100000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-2900000 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
-7100000 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
-8200000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2100000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2900000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6000000.0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-7900000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-73300000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
249700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-329900000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
856200000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1564000000.0 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2133400000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4179100000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5349800000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
1637300000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
1883700000 USD
us-gaap Net Income Loss
NetIncomeLoss
4509000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
4493600000 USD
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
375100000 USD
CY2017Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
355800000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1103000000.0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1020600000 USD
CY2018Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31100000 USD
CY2017Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
225100000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
114700000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
375600000 USD
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
36000000.0 USD
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
39500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
99700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
83500000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
68000000.0 USD
CY2017Q3 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
902000000.0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
257100000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1065200000 USD
CY2018Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-15300000 USD
CY2017Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
42300000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-58800000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
67800000 USD
CY2018Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-444300000 USD
CY2017Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-124700000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
173000000.0 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
398400000 USD
CY2018Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2471100000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1684500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5455100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4441900000 USD
CY2018Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
703800000 USD
CY2017Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
416900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1867900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1213300000 USD
CY2018Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
40200000 USD
CY2017Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
20800000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
75500000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
38900000 USD
CY2018Q3 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
109500000 USD
CY2017Q3 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1900000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
439400000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
851800000 USD
CY2018Q3 mcd Proceedsfromsaleofbusinessesin Chinaand Hong Kong
ProceedsfromsaleofbusinessesinChinaandHongKong
0 USD
CY2017Q3 mcd Proceedsfromsaleofbusinessesin Chinaand Hong Kong
ProceedsfromsaleofbusinessesinChinaandHongKong
1597000000.0 USD
mcd Proceedsfromsaleofbusinessesin Chinaand Hong Kong
ProceedsfromsaleofbusinessesinChinaandHongKong
0 USD
mcd Proceedsfromsaleofbusinessesin Chinaand Hong Kong
ProceedsfromsaleofbusinessesinChinaandHongKong
1597000000.0 USD
CY2018Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11300000 USD
CY2017Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
59200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
135800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
153300000 USD
CY2018Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
98100000 USD
CY2017Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
45700000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
203000000.0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
183900000 USD
CY2018Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-721300000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1174700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1571200000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1166000000.0 USD
CY2018Q3 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-801400000 USD
CY2017Q3 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-55800000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-5700000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-834300000 USD
CY2018Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1791900000 USD
CY2017Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
400000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3792100000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2530500000 USD
CY2018Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1900000 USD
CY2017Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3600000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1004700000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
407100000 USD
CY2018Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1040700000 USD
CY2017Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2081700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4280800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3937400000 USD
CY2018Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
779800000 USD
CY2017Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
755300000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2363400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2287400000 USD
CY2018Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
69200000 USD
CY2017Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
82500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
236200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
373100000 USD
CY2018Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5300000 USD
CY2017Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-12100000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1100000 USD
CY2018Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-768000000.0 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2810000000.0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3638400000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4563700000 USD
CY2018Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-30800000 USD
CY2017Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
76200000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-134800000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
229600000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
951000000.0 USD
CY2017Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
125400000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
110700000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1273800000 USD
CY2018Q3 mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
0 USD
CY2017Q3 mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
153400000 USD
mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
0 USD
mcd Increase Decreaseincashbalancesofbusinessesheldforsale
IncreaseDecreaseincashbalancesofbusinessesheldforsale
174000000.0 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 Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2463800000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1223400000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2574500000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2671200000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2574500000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2671200000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-3268000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
4509000000.0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-329900000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4179100000 USD
mcd Adoptionof Asc606
AdoptionofASC606
-450200000 USD
mcd Adoptionof Asu201616
AdoptionofASU201616
-57000000.0 USD
us-gaap Dividends Cash
DividendsCash
3251400000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4280800000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
99700000 USD
mcd Stock Option Exercises And Other Value
StockOptionExercisesAndOtherValue
236000000.0 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
-6792600000 USD
CY2018Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
37557 Restaurant
CY2017Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
36976 Restaurant
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6800000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7600000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2500000 shares
CY2017Q3 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
2500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
CY2018Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.16
CY2018Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
888000000.0 USD
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. The Company will complete the accounting for the tax effects in the fourth quarter 2018. 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 the Company subsequently recorded an additional </span><span style="font-family:inherit;font-size:10pt;"><span>$47 million</span></span><span style="font-family:inherit;font-size:10pt;"> in the third quarter 2018, resulting in a total increase of </span><span style="font-family:inherit;font-size:10pt;"><span>$99 million</span></span><span style="font-family:inherit;font-size:10pt;"> for the nine months 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 classification of existing leases, and, therefore, 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 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.
CY2018Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2511000000.0 USD
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3064300000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
7641500000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
10045800000 USD
CY2018Q3 us-gaap Franchise Revenue
FranchiseRevenue
2858400000 USD
CY2017Q3 us-gaap Franchise Revenue
FranchiseRevenue
2690300000 USD
us-gaap Franchise Revenue
FranchiseRevenue
8220700000 USD
us-gaap Franchise Revenue
FranchiseRevenue
7434400000 USD
CY2018Q3 us-gaap Revenues
Revenues
5369400000 USD
CY2017Q3 us-gaap Revenues
Revenues
5754600000 USD
us-gaap Revenues
Revenues
15862200000 USD
us-gaap Revenues
Revenues
17480200000 USD
CY2018Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
31900000000 USD
CY2018Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
212700000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
167900000 USD
CY2018Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
-30500000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
-45400000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
27100000 USD
CY2018Q3 us-gaap Revenues
Revenues
5369400000 USD
CY2017Q3 us-gaap Revenues
Revenues
5754600000 USD
us-gaap Revenues
Revenues
15862200000 USD
us-gaap Revenues
Revenues
17480200000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2417700000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3079400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
6823100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
7408500000 USD

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