2019 Q1 Form 10-K Financial Statement

#000161875620000004 Filed on February 21, 2020

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $1.266B $1.385B $1.375B
YoY Change 0.96% 12.24% 13.73%
Cost Of Revenue $406.0M $470.1M $470.0M
YoY Change -5.36% -0.7% -4.72%
Gross Profit $860.0M $914.4M $905.0M
YoY Change 4.24% 20.19% 26.45%
Gross Profit Margin 67.93% 66.02% 65.82%
Selling, General & Admin $312.0M $390.4M $298.0M
YoY Change 3.65% 66.13% 197.7%
% of Gross Profit 36.28% 42.69% 32.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.00M $42.50M $44.90M
YoY Change 0.0% -9.77% -2.81%
% of Gross Profit 5.47% 4.65% 4.96%
Operating Expenses $312.0M $393.5M $298.0M
YoY Change 3.65% 63.01% 197.7%
Operating Profit $434.0M $516.0M $478.0M
YoY Change 3.09% 2.18% -0.21%
Interest Expense -$132.0M -$111.4M -$135.0M
YoY Change -5.71% -23.54% -0.74%
% of Operating Profit -30.41% -21.59% -28.24%
Other Income/Expense, Net
YoY Change
Pretax Income $302.0M $386.3M $343.0M
YoY Change 7.47% 18.57% 20.31%
Income Tax $56.00M $76.10M $93.00M
% Of Pretax Income 18.54% 19.7% 27.11%
Net Earnings $246.0M $301.0M $250.0M
YoY Change -11.83% -47.92% 1.21%
Net Earnings / Revenue 19.43% 21.73% 18.18%
Basic Earnings Per Share $0.53 $0.65 $0.53
Diluted Earnings Per Share $0.53 $0.64 $0.53
COMMON SHARES
Basic Shares Outstanding 252.0M shares 251.3M shares 251.0M shares
Diluted Shares Outstanding 467.0M shares 475.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $902.0M $913.0M $1.144B
YoY Change 5.87% -16.77% -68.28%
Cash & Equivalents $913.0M $913.0M $1.144B
Short-Term Investments
Other Short-Term Assets $63.00M $60.00M $49.00M
YoY Change -28.41% -30.23% -77.63%
Inventory $75.00M $75.00M $91.80M
Prepaid Expenses
Receivables $441.0M $452.0M $481.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.500B $1.500B $1.765B
YoY Change -13.14% -14.29% -59.32%
LONG-TERM ASSETS
Property, Plant & Equipment $2.022B $1.996B $2.054B
YoY Change -5.2% -6.42% -4.82%
Goodwill $5.486B $5.486B $5.680B
YoY Change -5.12% -5.12% -2.24%
Intangibles $10.33B $10.46B $10.82B
YoY Change -6.62% -5.41% -2.7%
Long-Term Investments $50.00M $54.00M $58.00M
YoY Change -25.37% -65.18% -23.68%
Other Assets $642.0M $642.0M $606.8M
YoY Change 20.45% 50.7% 44.03%
Total Long-Term Assets $19.68B $18.64B $19.22B
YoY Change 0.49% -4.28% -1.88%
TOTAL ASSETS
Total Short-Term Assets $1.500B $1.500B $1.765B
Total Long-Term Assets $19.68B $18.64B $19.22B
Total Assets $21.18B $20.14B $20.99B
YoY Change -0.61% -5.1% -12.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $513.0M $513.0M $467.0M
YoY Change 3.43% 3.43% 27.88%
Accrued Expenses $412.0M $383.0M $400.0M
YoY Change 10.16% -45.52% 33.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $68.00M $70.00M $57.00M
YoY Change 20.14% 22.81% 0.53%
Total Short-Term Liabilities $1.522B $1.408B $1.320B
YoY Change -6.11% -14.92% 4.98%
LONG-TERM LIABILITIES
Long-Term Debt $11.76B $11.82B $11.77B
YoY Change -0.36% 0.19% 4.1%
Other Long-Term Liabilities $1.415B $1.547B $1.739B
YoY Change -24.77% 6.32% 28.4%
Total Long-Term Liabilities $13.17B $13.37B $13.51B
YoY Change -3.72% 0.86% 6.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.522B $1.408B $1.320B
Total Long-Term Liabilities $13.17B $13.37B $13.51B
Total Liabilities $17.54B $16.52B $16.59B
YoY Change 3.18% -0.84% 1.45%
SHAREHOLDERS EQUITY
Retained Earnings $686.0M $674.0M $626.0M
YoY Change 32.18% 3.53% 15.69%
Common Stock $1.737B $1.737B $2.156B
YoY Change -15.35% -15.35% 6.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.623B $1.611B $2.185B
YoY Change
Total Liabilities & Shareholders Equity $21.18B $20.14B $20.99B
YoY Change -0.61% -5.1% -12.3%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $246.0M $301.0M $250.0M
YoY Change -11.83% -47.92% 1.21%
Depreciation, Depletion And Amortization $47.00M $42.50M $44.90M
YoY Change 0.0% -9.77% -2.81%
Cash From Operating Activities $154.0M $491.9M $385.7M
YoY Change -238.74% -10.06% 8.92%
INVESTING ACTIVITIES
Capital Expenditures $5.000M -$32.70M -$31.70M
YoY Change -28.57% 62.69% 509.62%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $16.40M $2.500M
YoY Change -75.0% 17.14% -77.68%
Cash From Investing Activities $11.00M -$16.30M -$29.20M
YoY Change 450.0% 167.21% -586.67%
FINANCING ACTIVITIES
Cash Dividend Paid $207.0M
YoY Change 113.4%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$182.0M -696.1M -205.7M
YoY Change 42.19% -77.53% 16.68%
NET CHANGE
Cash From Operating Activities $154.0M 491.9M 385.7M
Cash From Investing Activities $11.00M -16.30M -29.20M
Cash From Financing Activities -$182.0M -696.1M -205.7M
Net Change In Cash -$11.00M -220.5M 150.8M
YoY Change -95.36% -91.38% -17.95%
FREE CASH FLOW
Cash From Operating Activities $154.0M $491.9M $385.7M
Capital Expenditures $5.000M -$32.70M -$31.70M
Free Cash Flow $149.0M $524.6M $417.4M
YoY Change -226.27% -7.48% 16.17%

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249000000 shares
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237000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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282000000 USD
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-14000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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2000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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259000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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471000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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1370000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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591000000 USD
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1706000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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571000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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276000000 USD
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818000000 USD
CY2019 qsr Comprehensive Income Net Of Tax Attributable To Preferred Shareholders
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0 USD
CY2018 qsr Comprehensive Income Net Of Tax Attributable To Preferred Shareholders
ComprehensiveIncomeNetOfTaxAttributableToPreferredShareholders
0 USD
CY2017 qsr Comprehensive Income Net Of Tax Attributable To Preferred Shareholders
ComprehensiveIncomeNetOfTaxAttributableToPreferredShareholders
22000000 USD
CY2019 qsr Comprehensive Income Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeNetOfTaxAttributableToCommonShareholders
799000000 USD
CY2018 qsr Comprehensive Income Net Of Tax Attributable To Common Shareholders
ComprehensiveIncomeNetOfTaxAttributableToCommonShareholders
315000000 USD
CY2017 qsr Comprehensive Income Net Of Tax Attributable To Common Shareholders
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866000000 USD
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29000000 USD
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46000000 USD
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8000000 USD
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186000000 USD
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CY2017 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
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175000000 USD
CY2017 us-gaap Dividends Preferred Stock
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256000000 USD
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330000000 USD
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234000000 USD
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471000000 USD
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48000000 USD
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452000000 USD
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387000000 USD
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561000000 USD
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CY2018 us-gaap Profit Loss
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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68000000 USD
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CY2019 us-gaap Profit Loss
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180000000 USD
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182000000 USD
CY2019 qsr Gains Losses On Extinguishment Of Debt Noncash Portion
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CY2018 qsr Gains Losses On Extinguishment Of Debt Noncash Portion
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CY2017 qsr Gains Losses On Extinguishment Of Debt Noncash Portion
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29000000 USD
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29000000 USD
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33000000 USD
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11000000 USD
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22000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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12000000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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14000000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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33000000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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49000000 USD
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40000000 USD
CY2017 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2019 us-gaap Share Based Compensation
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68000000 USD
CY2018 us-gaap Share Based Compensation
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48000000 USD
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48000000 USD
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29000000 USD
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CY2019 us-gaap Increase Decrease In Accounts And Notes Receivable
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53000000 USD
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CY2017 us-gaap Increase Decrease In Accounts And Notes Receivable
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30000000 USD
CY2019 qsr Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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15000000 USD
CY2018 qsr Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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7000000 USD
CY2017 qsr Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable
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112000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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41000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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14000000 USD
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CY2018 qsr Increase Decrease In Other Accrued Liabilities And Gift Card Liability
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CY2017 qsr Increase Decrease In Other Accrued Liabilities And Gift Card Liability
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360000000 USD
CY2019 qsr Increase Decrease In Tenant Inducements
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-54000000 USD
CY2018 qsr Increase Decrease In Tenant Inducements
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CY2017 qsr Increase Decrease In Tenant Inducements
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-20000000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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-138000000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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1476000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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1165000000 USD
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1391000000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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62000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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86000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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37000000 USD
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8000000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
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26000000 USD
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0 USD
CY2018 us-gaap Payments To Acquire Businesses Gross
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0 USD
CY2017 us-gaap Payments To Acquire Businesses Gross
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1636000000 USD
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CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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2250000000 USD
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75000000 USD
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5850000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
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2266000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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74000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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2742000000 USD
CY2019 qsr Repaymentof Preferred Shares
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0 USD
CY2018 qsr Repaymentof Preferred Shares
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60000000 USD
CY2017 qsr Repaymentof Preferred Shares
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3006000000 USD
CY2019 us-gaap Payments Of Financing Costs
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50000000 USD
CY2018 us-gaap Payments Of Financing Costs
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CY2017 us-gaap Payments Of Financing Costs
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63000000 USD
CY2019 us-gaap Payments Of Dividends
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CY2018 us-gaap Payments Of Dividends
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728000000 USD
CY2017 us-gaap Payments Of Dividends
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CY2018 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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561000000 USD
CY2017 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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330000000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
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102000000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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61000000 USD
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620000000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2017 us-gaap Proceeds From Stock Options Exercised
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29000000 USD
CY2019 us-gaap Proceeds From Derivative Instrument Financing Activities
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23000000 USD
CY2018 us-gaap Proceeds From Derivative Instrument Financing Activities
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0 USD
CY2017 us-gaap Proceeds From Derivative Instrument Financing Activities
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0 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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5000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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16000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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24000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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913000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1097000000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1476000000 USD
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1533000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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913000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1097000000 USD
CY2019 us-gaap Interest Paid Net
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CY2018 us-gaap Interest Paid Net
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561000000 USD
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447000000 USD
CY2019 us-gaap Income Taxes Paid
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CY2018 us-gaap Income Taxes Paid
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433000000 USD
CY2017 us-gaap Income Taxes Paid
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200000000 USD
CY2019Q4 us-gaap Number Of Restaurants
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27086 restaurant
CY2019Q4 us-gaap Number Of Countries In Which Entity Operates
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100 country
CY2019Q4 qsr Restaurants Owned By Franchisees Percentage
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1
CY2019Q4 us-gaap Equity Method Investment Ownership Percentage
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0.50
CY2019 us-gaap Prior Period Reclassification Adjustment Description
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<div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</span></div>Certain prior year amounts in the accompanying consolidated financial statements and notes to the consolidated financial statements have been reclassified in order to be comparable with the current year classifications.
CY2019 us-gaap Goodwill And Intangible Asset Impairment
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0 USD
CY2017 qsr Exchange Of Noncontrolling Interests For Common Shares
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226000000 shares
CY2019 us-gaap Revenue Recognition Leases
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<div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Property revenues</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property revenues consists of rental income from properties we lease or sublease to franchisees. Property revenues are accounted for in accordance with applicable accounting guidance for leases and are excluded from the scope of ASC 606.</span></div>
CY2019 us-gaap Advertising Expense
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858000000 USD
CY2018 us-gaap Advertising Expense
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793000000 USD
CY2017 us-gaap Advertising Expense
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CY2018 qsr Exchange Of Noncontrolling Interests For Common Shares
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216000000 shares
CY2019 us-gaap Earnings Per Share Basic
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2.40
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.46
CY2017 us-gaap Earnings Per Share Basic
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2.64
CY2019 us-gaap Earnings Per Share Diluted
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2.37
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.42
CY2017 us-gaap Earnings Per Share Diluted
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2.54
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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3000000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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3000000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4000000 shares
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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643000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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612000000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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626000000 USD
CY2019 qsr Portion Of Net Income Loss Attributable To Peu Noncontrolling Interest
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CY2018 qsr Portion Of Net Income Loss Attributable To Peu Noncontrolling Interest
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CY2017 qsr Portion Of Net Income Loss Attributable To Peu Noncontrolling Interest
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585000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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268000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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249000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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237000000 shares
CY2019 qsr Exchange Of Noncontrolling Interests For Common Shares
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194000000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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7000000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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8000000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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14000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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469000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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473000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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477000000 shares
CY2019Q4 us-gaap Property Plant And Equipment Gross
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CY2018Q4 us-gaap Property Plant And Equipment Gross
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2700000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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746000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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704000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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2007000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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1996000000 USD
CY2019 us-gaap Depreciation
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CY2018 us-gaap Depreciation
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148000000 USD
CY2017 us-gaap Depreciation
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150000000 USD
CY2019Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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CY2018Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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180000000 USD
CY2019Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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23000000 USD
CY2018Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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77000000 USD
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290000000 USD
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557000000 USD
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CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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10006000000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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9745000000 USD
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CY2018Q4 us-gaap Goodwill
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70000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
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CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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44000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
41000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
38000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
36000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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358000000 USD
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557000000 USD
CY2019Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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11000000 USD
CY2018Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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20000000 USD
CY2017Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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CY2019Q4 us-gaap Dividends Payable Current
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CY2018Q4 us-gaap Interest Payable Current
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CY2018Q4 qsr Contract With Customer Deferred Income Current
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CY2019Q4 us-gaap Accrued Advertising Current
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30000000 USD
CY2019Q4 us-gaap Restructuring Reserve Current
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11000000 USD
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CY2018Q4 us-gaap Other Liabilities Current
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790000000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2018Q4 us-gaap Derivative Liabilities Noncurrent
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CY2019Q4 us-gaap Below Market Lease Net
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CY2018Q4 us-gaap Below Market Lease Net
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CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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64000000 USD
CY2019Q4 qsr Lease Liability Noncurrent
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CY2018Q4 qsr Lease Liability Noncurrent
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69000000 USD
CY2019Q4 qsr Contract With Customer Deferred Income Noncurrent
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CY2018Q4 qsr Contract With Customer Deferred Income Noncurrent
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CY2018Q4 us-gaap Other Accrued Liabilities Noncurrent
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42000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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CY2018Q4 us-gaap Other Liabilities Noncurrent
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CY2019Q4 us-gaap Other Long Term Debt
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CY2018Q4 us-gaap Other Long Term Debt
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150000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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148000000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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145000000 USD
CY2019Q4 us-gaap Long Term Debt
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CY2018Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt Current
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CY2018Q4 us-gaap Long Term Debt Current
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CY2019Q4 us-gaap Long Term Debt Noncurrent
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CY2018Q4 us-gaap Long Term Debt Noncurrent
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50000000 USD
CY2017Q4 us-gaap Deferred Finance Costs Gross
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CY2018Q4 us-gaap Deferred Finance Costs Gross
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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2212000000 USD
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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74000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2019 us-gaap Interest Expense Debt Excluding Amortization
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484000000 USD
CY2019 us-gaap Finance Lease Interest Expense
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20000000 USD
CY2018 us-gaap Interest Expense Lessee Assets Under Capital Lease
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CY2017 us-gaap Interest Expense Lessee Assets Under Capital Lease
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CY2019 us-gaap Amortization Of Financing Costs And Discounts
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29000000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
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CY2019 us-gaap Investment Income Interest
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CY2018 us-gaap Investment Income Interest
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CY2018Q4 us-gaap Long Term Debt Noncurrent
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CY2019 qsr Restaurant Properties To Franchisees Leased Or Subleased
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182 property
CY2019 qsr Minimum Lease Term For Assets Given On Lease
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P10Y
CY2019 qsr Maximum Lease Term For Assets Given On Lease
MaximumLeaseTermForAssetsGivenOnLease
P20Y
CY2019 qsr Minimum Lease Term For Assets Taken On Lease
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P10Y
CY2019 qsr Maximum Lease Term For Assets Taken On Lease
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452000000 USD
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452000000 USD
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60000000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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60000000 USD
CY2018Q4 us-gaap Assets Current
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1500000000 USD
CY2019Q1 us-gaap Assets Current
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1500000000 USD
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1996000000 USD
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54000000 USD
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54000000 USD
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642000000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
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642000000 USD
CY2018Q4 us-gaap Assets
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Assets
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513000000 USD
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751000000 USD
CY2018Q4 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
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167000000 USD
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167000000 USD
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91000000 USD
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91000000 USD
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0.042
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CY2018Q4 us-gaap Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3639000000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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20141000000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
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CY2019Q1 qsr Lessee Operating Lease Straight Lining Liability Noncurrent
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64000000 USD
CY2019Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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CY2019Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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472000000 USD
CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
475000000 USD
CY2019Q4 us-gaap Property Subject To Or Available For Operating Lease Net
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CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Net
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CY2019 us-gaap Finance Lease Interest Expense
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20000000 USD
CY2019Q4 qsr Direct Financing Lease Future Minimum Lease Receivable
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CY2018Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
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60000000 USD
CY2019Q4 qsr Direct Financing Lease Contingent Lease Receivable
DirectFinancingLeaseContingentLeaseReceivable
19000000 USD
CY2018Q4 qsr Capital Leases Net Investment In Direct Financing Leases Contingent Payments To Be Received
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29000000 USD
CY2019Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
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15000000 USD
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16000000 USD
CY2019Q4 us-gaap Direct Financing Lease Deferred Selling Profit
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26000000 USD
CY2018Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
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35000000 USD
CY2019Q4 us-gaap Direct Financing Lease Net Investment In Lease
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57000000 USD
CY2018Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases
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70000000 USD
CY2019Q4 qsr Direct Financing Lease Net Investmentin Lease Current
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9000000 USD
CY2018Q4 us-gaap Capital Leases Lessor Balance Sheet Net Investment In Direct Financing Leases Current
CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesCurrent
16000000 USD
CY2019Q4 qsr Direct Financing Lease Net Investmentin Lease Noncurrent
DirectFinancingLeaseNetInvestmentinLeaseNoncurrent
48000000 USD
CY2018Q4 us-gaap Capital Leases Lessor Balance Sheet Net Investment In Direct Financing Leases Noncurrent
CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesNoncurrent
54000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
210000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
198000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
27000000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
631000000 USD
CY2019 us-gaap Lease Income
LeaseIncome
176000000 USD
CY2018 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
201000000 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
198000000 USD
CY2018 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
71000000 USD
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
71000000 USD
CY2018 qsr Expense Amortization Of Favorable And Unfavorable Payable Lease Contracts Net
ExpenseAmortizationOfFavorableAndUnfavorablePayableLeaseContractsNet
9000000 USD
CY2017 qsr Expense Amortization Of Favorable And Unfavorable Payable Lease Contracts Net
ExpenseAmortizationOfFavorableAndUnfavorablePayableLeaseContractsNet
10000000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
281000000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
279000000 USD
CY2018 qsr Rent Expense From Subleases To Franchisees
RentExpenseFromSubleasesToFranchisees
263000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M24D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M12D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.071
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
194000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
20000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
26000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
18000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
163000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
9000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
429000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
46000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
204000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
7000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
406000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
45000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
192000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
5000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
383000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
43000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
179000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
5000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
359000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
40000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
164000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
4000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
327000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
39000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
149000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
19000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1672000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
249000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
872000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
49000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3576000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
462000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1760000000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
147000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
545000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
315000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1215000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
27000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
126000000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
288000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1089000000 USD
CY2019Q4 qsr Lessee Operating Lease Payments Due Sublease Rentals
LesseeOperatingLeasePaymentsDueSubleaseRentals
2397000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Receivable Current
CapitalLeasesFutureMinimumPaymentsReceivableCurrent
14000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
416000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
38000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
183000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Two Years
CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears
10000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
388000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
36000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
172000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Three Years
CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears
7000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
360000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
34000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
158000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Four Years
CapitalLeasesFutureMinimumPaymentsReceivableInFourYears
5000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
331000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
33000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
145000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Receivable In Five Years
CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears
5000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
306000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
30000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
130000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Receivable Due Thereafter
CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter
19000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1704000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
201000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
831000000 USD
CY2018Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
60000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
3505000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
372000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1619000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
125000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
247000000 USD
CY2018Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
21000000 USD
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
226000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
2290000000 USD
CY2017 us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Liability Provisional Income Tax Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityProvisionalIncomeTaxBenefit
420000000 USD
CY2018 qsr Tax Cutsand Jobs Actof2017 Measurement Period Adjustment Deferred Tax Liability Income Tax Expense Benefit
TaxCutsandJobsActof2017MeasurementPeriodAdjustmentDeferredTaxLiabilityIncomeTaxExpenseBenefit
-9000000 USD
CY2017 qsr Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Carryforward Deductions Provisional Income Tax Benefit
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateCarryforwardDeductionsProvisionalIncomeTaxBenefit
-103000000 USD
CY2018 qsr Tax Cutsand Jobs Actof2017 Measurement Period Adjustments Carryforward Deductions Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017MeasurementPeriodAdjustmentsCarryforwardDeductionsProvisionalIncomeTaxExpenseBenefit
-3000000 USD
CY2017 qsr Tax Cutsand Jobs Actof2017 Provisional Estimatefor Transition Tax
TaxCutsandJobsActof2017ProvisionalEstimateforTransitionTax
119000000 USD
CY2018 qsr Tax Cutsand Jobs Actof2017 Measurement Period Adjustment Transition Tax
TaxCutsandJobsActof2017MeasurementPeriodAdjustmentTransitionTax
-15000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.265
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.265
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.265
CY2019 qsr Effective Income Tax Rate Reconciliation Costs Benefits Taxes Foreign Operations
EffectiveIncomeTaxRateReconciliationCostsBenefitsTaxesForeignOperations
0.058
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
767000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
271000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-122000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1452000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1382000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1101000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
283000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
209000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
608000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
58000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
29000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-742000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
341000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
238000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-134000000 USD
CY2017 qsr Effective Income Tax Rate Reconciliation Costs Benefits Taxes Foreign Operations
EffectiveIncomeTaxRateReconciliationCostsBenefitsTaxesForeignOperations
0.089
CY2019 qsr Effective Income Tax Rate Reconciliation Foreign Exchange Gain Loss
EffectiveIncomeTaxRateReconciliationForeignExchangeGainLoss
0.001
CY2018 qsr Effective Income Tax Rate Reconciliation Foreign Exchange Gain Loss
EffectiveIncomeTaxRateReconciliationForeignExchangeGainLoss
-0.001
CY2017 qsr Effective Income Tax Rate Reconciliation Foreign Exchange Gain Loss
EffectiveIncomeTaxRateReconciliationForeignExchangeGainLoss
-0.077
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.108
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.061
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.019
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.005
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.032
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.120
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.050
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.004
CY2019 qsr Effective Income Tax Rate Reconciliation Intercompany Transactions
EffectiveIncomeTaxRateReconciliationIntercompanyTransactions
-0.024
CY2018 qsr Effective Income Tax Rate Reconciliation Intercompany Transactions
EffectiveIncomeTaxRateReconciliationIntercompanyTransactions
-0.044
CY2017 qsr Effective Income Tax Rate Reconciliation Intercompany Transactions
EffectiveIncomeTaxRateReconciliationIntercompanyTransactions
-0.195
CY2019 qsr Effective Income Tax Rate Reconciliation Effect Of Tcja
EffectiveIncomeTaxRateReconciliationEffectOfTCJA
-0.001
CY2018 qsr Effective Income Tax Rate Reconciliation Effect Of Tcja
EffectiveIncomeTaxRateReconciliationEffectOfTCJA
-0.019
CY2017 qsr Effective Income Tax Rate Reconciliation Effect Of Tcja
EffectiveIncomeTaxRateReconciliationEffectOfTCJA
-0.274
CY2019 qsr Effective Income Tax Rate Reconciliation Benefit From Stock Option Exercises
EffectiveIncomeTaxRateReconciliationBenefitFromStockOptionExercises
-0.022
CY2018 qsr Effective Income Tax Rate Reconciliation Benefit From Stock Option Exercises
EffectiveIncomeTaxRateReconciliationBenefitFromStockOptionExercises
-0.050
CY2017 qsr Effective Income Tax Rate Reconciliation Benefit From Stock Option Exercises
EffectiveIncomeTaxRateReconciliationBenefitFromStockOptionExercises
-0.049
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.011
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.007
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.023
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.172
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.121
CY2019 qsr Federal Acton Tax Reformand Avs Financing Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense Benefit
FederalActonTaxReformandAVSFinancingIncompleteAccountingChangeinTaxRateProvisionalIncomeTaxExpenseBenefit
16000000 USD
CY2019 qsr Federal Acton Tax Reformand Avs Financing Incomplete Accounting Changein Tax Rate Increase Decreasein Effective Rate
FederalActonTaxReformandAVSFinancingIncompleteAccountingChangeinTaxRateIncreaseDecreaseinEffectiveRate
0.011
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
341000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
238000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-134000000 USD
CY2019 qsr Other Comprehensive Income Loss Cash Flow Hedges Adjustment Tax
OtherComprehensiveIncomeLossCashFlowHedgesAdjustmentTax
-23000000 USD
CY2018 qsr Other Comprehensive Income Loss Cash Flow Hedges Adjustment Tax
OtherComprehensiveIncomeLossCashFlowHedgesAdjustmentTax
-2000000 USD
CY2017 qsr Other Comprehensive Income Loss Cash Flow Hedges Adjustment Tax
OtherComprehensiveIncomeLossCashFlowHedgesAdjustmentTax
5000000 USD
CY2019 qsr Other Comprehensive Income Loss Net Investment Hedge Gain Loss Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossTax
32000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-101000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
13000000 USD
CY2019 qsr Income Tax Pension Liability In Accumulated Other Comprehensive Income Loss
IncomeTaxPensionLiabilityInAccumulatedOtherComprehensiveIncomeLoss
1000000 USD
CY2018 qsr Income Tax Pension Liability In Accumulated Other Comprehensive Income Loss
IncomeTaxPensionLiabilityInAccumulatedOtherComprehensiveIncomeLoss
0 USD
CY2017 qsr Income Tax Pension Liability In Accumulated Other Comprehensive Income Loss
IncomeTaxPensionLiabilityInAccumulatedOtherComprehensiveIncomeLoss
2000000 USD
CY2019 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
285000000 USD
CY2018 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
337000000 USD
CY2017 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
-144000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
493000000 USD
CY2019 qsr Deferred Income Tax Benefit Before Changes
DeferredIncomeTaxBenefitBeforeChanges
30000000 USD
CY2018 qsr Deferred Income Tax Benefit Before Changes
DeferredIncomeTaxBenefitBeforeChanges
-14000000 USD
CY2017 qsr Deferred Income Tax Benefit Before Changes
DeferredIncomeTaxBenefitBeforeChanges
-449000000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
7000000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
43000000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
133000000 USD
CY2019 qsr Effective Income Tax Rate Reconciliation Change In Canadian Enacted Tax Rate Amount
EffectiveIncomeTaxRateReconciliationChangeInCanadianEnactedTaxRateAmount
-1000000 USD
CY2018 qsr Effective Income Tax Rate Reconciliation Change In Canadian Enacted Tax Rate Amount
EffectiveIncomeTaxRateReconciliationChangeInCanadianEnactedTaxRateAmount
-3000000 USD
CY2017 qsr Effective Income Tax Rate Reconciliation Change In Canadian Enacted Tax Rate Amount
EffectiveIncomeTaxRateReconciliationChangeInCanadianEnactedTaxRateAmount
0 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-8000000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-433000000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6000000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
15000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4000000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
16000000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-4000000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
3000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
58000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
29000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-742000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
4000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
5000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
48000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
49000000 USD
CY2019Q4 qsr Deferred Tax Assets Unfavorable Leases
DeferredTaxAssetsUnfavorableLeases
99000000 USD
CY2018Q4 qsr Deferred Tax Assets Unfavorable Leases
DeferredTaxAssetsUnfavorableLeases
123000000 USD
CY2019Q4 qsr Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
332000000 USD
CY2018Q4 qsr Deferred Tax Assets Operating Lease Liabilities
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