2023 Q1 Form 10-K Financial Statement

#000006390823000012 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $5.898B $5.927B $23.18B
YoY Change 4.1% -1.37% -0.17%
Cost Of Revenue $2.584B $2.518B $9.975B
YoY Change 342.5% -8.39% -6.27%
Gross Profit $3.314B $3.409B $13.21B
YoY Change -34.79% 4.54% 4.98%
Gross Profit Margin 56.18% 57.52% 56.97%
Selling, General & Admin $553.3M $720.3M $2.492B
YoY Change -5.31% -4.65% 4.81%
% of Gross Profit 16.7% 21.13% 18.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.30M $91.40M $370.4M
YoY Change 7.12% -81.02% 12.34%
% of Gross Profit 3.0% 2.68% 2.8%
Operating Expenses $781.2M $826.2M $3.836B
YoY Change 15.39% -1.83% 41.7%
Operating Profit $2.532B $2.583B $9.371B
YoY Change 9.5% 6.75% -9.51%
Interest Expense -$329.7M -$322.9M -$1.207B
YoY Change -214.76% 35.84% -201.79%
% of Operating Profit -13.02% -12.5% -12.88%
Other Income/Expense, Net $64.30M $79.10M -$338.6M
YoY Change -113.28% -5373.33% 700.47%
Pretax Income $2.267B $2.339B $7.825B
YoY Change 47.09% 10.96% 224.18%
Income Tax $464.7M $435.5M $1.648B
% Of Pretax Income 20.5% 18.62% 21.06%
Net Earnings $1.802B $1.903B $6.177B
YoY Change 63.19% 16.15% -18.13%
Net Earnings / Revenue 30.56% 32.12% 26.65%
Basic Earnings Per Share $2.47 $8.39
Diluted Earnings Per Share $2.45 $2.586M $8.333M
COMMON SHARES
Basic Shares Outstanding 731.5M shares 736.5M shares
Diluted Shares Outstanding 735.5M shares 741.3M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.708B $2.584B $2.584B
YoY Change 58.76% -45.13% -45.13%
Cash & Equivalents $3.708B $2.584B $2.584B
Short-Term Investments
Other Short-Term Assets $963.6M $725.4M $725.4M
YoY Change 61.41% 41.87% 41.87%
Inventory $51.50M $52.00M $52.00M
Prepaid Expenses
Receivables $2.076B $2.115B $2.115B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.799B $5.424B $5.424B
YoY Change 46.01% -24.12% -24.12%
LONG-TERM ASSETS
Property, Plant & Equipment $23.86B $36.34B $36.34B
YoY Change -2.36% 47.0% -5.05%
Goodwill $2.931B $2.900B
YoY Change 4.15% 4.24%
Intangibles
YoY Change
Long-Term Investments $1.088B $1.065B $1.065B
YoY Change -7.61% -11.38% -11.38%
Other Assets $4.795B $8.672B $8.672B
YoY Change 8.56% 94.9% 137.3%
Total Long-Term Assets $45.22B $45.01B $45.01B
YoY Change -2.18% -3.63% -3.63%
TOTAL ASSETS
Total Short-Term Assets $6.799B $5.424B $5.424B
Total Long-Term Assets $45.22B $45.01B $45.01B
Total Assets $52.01B $50.44B $50.44B
YoY Change 2.23% -6.35% -6.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $811.8M $980.2M $980.2M
YoY Change 12.97% -2.64% -2.64%
Accrued Expenses $2.493B $2.547B $2.547B
YoY Change -14.7% -3.98% -3.98%
Deferred Revenue
YoY Change
Short-Term Debt $524.2M $0.00 $0.00
YoY Change
Long-Term Debt Due $524.2M
YoY Change
Total Short-Term Liabilities $4.625B $3.802B $3.802B
YoY Change 9.21% -5.42% -5.42%
LONG-TERM LIABILITIES
Long-Term Debt $36.60B $35.90B $35.90B
YoY Change 7.69% 0.79% 0.79%
Other Long-Term Liabilities $1.059B $14.74B $14.74B
YoY Change -2.99% 1263.17% -11.96%
Total Long-Term Liabilities $37.66B $50.64B $50.64B
YoY Change 7.36% 37.97% -3.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.625B $3.802B $3.802B
Total Long-Term Liabilities $37.66B $50.64B $50.64B
Total Liabilities $42.29B $56.44B $56.44B
YoY Change 7.56% 38.59% -3.45%
SHAREHOLDERS EQUITY
Retained Earnings $60.24B $59.54B
YoY Change 4.55% 3.49%
Common Stock $16.60M $16.60M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $72.17B $71.62B
YoY Change 4.17% 5.62%
Treasury Stock Shares 930.5M shares 929.3M shares
Shareholders Equity -$5.776B -$6.003B -$6.003B
YoY Change
Total Liabilities & Shareholders Equity $52.01B $50.44B $50.44B
YoY Change 2.23% -6.35% -6.35%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.802B $1.903B $6.177B
YoY Change 63.19% 16.15% -18.13%
Depreciation, Depletion And Amortization $99.30M $91.40M $370.4M
YoY Change 7.12% -81.02% 12.34%
Cash From Operating Activities $2.421B $2.201B $7.387B
YoY Change 13.47% -17.44% -19.2%
INVESTING ACTIVITIES
Capital Expenditures $503.3M -$528.9M -$1.899B
YoY Change 25.45% -23.04% -193.1%
Acquisitions
YoY Change
Other Investing Activities $179.2M -$542.4M -$778.9M
YoY Change 103.64% 24.55% -1545.08%
Cash From Investing Activities -$741.3M -$1.071B -$2.678B
YoY Change 33.69% -4.58% 23.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$371.0M -$3.610B
YoY Change -526.92%
Debt Paid & Issued, Net $0.00 $2.202B
YoY Change -100.0% -1.68%
Cash From Financing Activities -$558.4M -1.517B -6.580B
YoY Change -85.42% 38.16% 17.6%
NET CHANGE
Cash From Operating Activities $2.421B 2.201B 7.387B
Cash From Investing Activities -$741.3M -1.071B -2.678B
Cash From Financing Activities -$558.4M -1.517B -6.580B
Net Change In Cash $1.124B -386.9M -1.872B
YoY Change -147.37% -186.79% -248.53%
FREE CASH FLOW
Cash From Operating Activities $2.421B $2.201B $7.387B
Capital Expenditures $503.3M -$528.9M -$1.899B
Free Cash Flow $1.917B $2.730B $9.286B
YoY Change 10.7% -18.59% 30.76%

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<div style="margin-bottom:4pt;margin-top:8pt"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">NATURE OF BUSINESS</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company franchises and operates McDonald’s restaurants in the global restaurant industry. All restaurants are operated either by the Company or by franchisees, including conventional franchisees under franchised arrangements, and developmental licensees or affiliates under license agreements.</span></div><div style="margin-top:3pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The following table presents restaurant information by ownership type:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.387%"><tr><td style="width:1.0%"/><td style="width:71.440%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.643%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.483%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.506%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.483%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.645%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Restaurants at December 31,</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Conventional franchised</span></td><td colspan="2" style="border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">21,720</span><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,607 </span></td><td style="border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,712 </span></td><td style="border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Developmental licensed</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8,229</span><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,913 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,663 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Foreign affiliated</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">8,220</span><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,775 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,146 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt dotted #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">    Total Franchised</span></td><td colspan="2" style="border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">38,169</span><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">37,295 </span></td><td style="border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,521 </span></td><td style="border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">    Company-operated</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2,106</span><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,736 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,677 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">        Total Systemwide restaurants</span></td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">40,275</span><span style="color:#0075c0;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,031 </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39,198 </span></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:6pt;margin-top:4pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The results of operations of restaurant businesses purchased and sold in transactions with franchisees were not material either individually or in the aggregate to the consolidated financial statements for periods prior to purchase and sale.</span></div>
CY2022Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
40275 restaurant
CY2021Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
40031 restaurant
CY2020Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
39198 restaurant
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P20Y
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
864300000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
795000000.0 usd
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
691200000 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
26300000 usd
CY2022 mcd Impairment Of Long Lived Assets To Be Disposed Of Period
ImpairmentOfLongLivedAssetsToBeDisposedOfPeriod
P12M
CY2022 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
75000000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
525000000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
190000000 usd
CY2022 mcd Goodwill Written Off Related To Sale Of Business Unit Period After Acquisition
GoodwillWrittenOffRelatedToSaleOfBusinessUnitPeriodAfterAcquisition
P24M
CY2022 mcd Goodwill Written Off Related To Sale Of Business Unit Period After Acquisition
GoodwillWrittenOffRelatedToSaleOfBusinessUnitPeriodAfterAcquisition
P24M
CY2021Q4 us-gaap Goodwill
Goodwill
2782500000 usd
CY2022 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
188800000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
70900000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
2900400000 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
14500000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
14500000 usd
CY2022 mcd Company Operated Restaurant Advertising Expense
CompanyOperatedRestaurantAdvertisingExpense
334500000 usd
CY2021 mcd Company Operated Restaurant Advertising Expense
CompanyOperatedRestaurantAdvertisingExpense
377600000 usd
CY2020 mcd Company Operated Restaurant Advertising Expense
CompanyOperatedRestaurantAdvertisingExpense
325500000 usd
CY2022 mcd Other Marketing Related Expenses
OtherMarketingRelatedExpenses
63800000 usd
CY2021 mcd Other Marketing Related Expenses
OtherMarketingRelatedExpenses
82900000 usd
CY2020 mcd Other Marketing Related Expenses
OtherMarketingRelatedExpenses
329200000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
33500000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
35900000000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
282500000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
289600000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
141700000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7900000 usd
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
0 usd
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
97400000 usd
CY2022 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
30700000 usd
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4800000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5500000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5500000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1500000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2200000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1800000 shares
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2600000000 usd
CY2022Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
1800000000 usd
CY2022 us-gaap Revenues
Revenues
23182600000 usd
CY2021 us-gaap Revenues
Revenues
23222900000 usd
CY2020 us-gaap Revenues
Revenues
19207800000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
9371000000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
10356000000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
7324000000 usd
CY2022Q4 us-gaap Assets
Assets
50435600000 usd
CY2021Q4 us-gaap Assets
Assets
53854300000 usd
CY2020Q4 us-gaap Assets
Assets
52626800000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1899200000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2040000000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1640800000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1870600000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1868100000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1751400000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
37403000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
39267000000 usd
CY2022Q4 us-gaap Land
Land
6686300000 usd
CY2021Q4 us-gaap Land
Land
6487600000 usd
CY2022Q4 mcd Buildings And Improvements On Owned Land Gross
BuildingsAndImprovementsOnOwnedLandGross
18934200000 usd
CY2021Q4 mcd Buildings And Improvements On Owned Land Gross
BuildingsAndImprovementsOnOwnedLandGross
18666000000 usd
CY2022Q4 mcd Buildings And Improvements On Leased Land Gross
BuildingsAndImprovementsOnLeasedLandGross
12492000000 usd
CY2021Q4 mcd Buildings And Improvements On Leased Land Gross
BuildingsAndImprovementsOnLeasedLandGross
13283300000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
2498600000 usd
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
3032000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
426500000 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
447700000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
41037600000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
41916600000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17264000000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17196000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23773600000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24720600000 usd
CY2022 us-gaap Depreciation
Depreciation
1454000000 usd
CY2021 us-gaap Depreciation
Depreciation
1530700000 usd
CY2020 us-gaap Depreciation
Depreciation
1469400000 usd
CY2022Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P20Y
CY2022Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P20Y
CY2022Q4 us-gaap Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
P20Y
CY2022 mcd Rental Income
RentalIncome
9045700000 usd
CY2021 mcd Rental Income
RentalIncome
8381100000 usd
CY2020 mcd Rental Income
RentalIncome
6844700000 usd
CY2022 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
5005600000 usd
CY2021 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
4645100000 usd
CY2020 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
3831500000 usd
CY2022 mcd Initial Fees
InitialFees
54500000 usd
CY2021 mcd Initial Fees
InitialFees
59200000 usd
CY2020 mcd Initial Fees
InitialFees
49900000 usd
CY2022 mcd Revenuesfromfranchisedrestaurants
Revenuesfromfranchisedrestaurants
14105800000 usd
CY2021 mcd Revenuesfromfranchisedrestaurants
Revenuesfromfranchisedrestaurants
13085400000 usd
CY2020 mcd Revenuesfromfranchisedrestaurants
Revenuesfromfranchisedrestaurants
10726100000 usd
CY2022 mcd Deferred Collection Amount Of Rental And Royalty Income
DeferredCollectionAmountOfRentalAndRoyaltyIncome
1000000000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2970500000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2866300000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2758000000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
2650500000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
2547100000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
17987900000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
31780300000 usd
CY2022 mcd Lease Term
LeaseTerm
P20Y
CY2022 mcd Rent Expense Restaurants
RentExpenseRestaurants
1416400000 usd
CY2021 mcd Rent Expense Restaurants
RentExpenseRestaurants
1486300000 usd
CY2020 mcd Rent Expense Restaurants
RentExpenseRestaurants
1399500000 usd
CY2022 mcd Rent Expense Other
RentExpenseOther
59700000 usd
CY2021 mcd Rent Expense Other
RentExpenseOther
74000000.0 usd
CY2020 mcd Rent Expense Other
RentExpenseOther
79800000 usd
CY2022 mcd Rent Expense
RentExpense
1476100000 usd
CY2021 mcd Rent Expense
RentExpense
1560300000 usd
CY2020 mcd Rent Expense
RentExpense
1479300000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1161600000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1134400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1096200000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1041800000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1003300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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168.38
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100000 shares
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172.45
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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222.32
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1300000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
197.10
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1300000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
176.81
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
110300000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
80000000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
119400000 usd
CY2022 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2022 dei Auditor Location
AuditorLocation
Chicago, Illinois

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