2021 Q2 Form 10-Q Financial Statement

#000161875621000047 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $1.438B $1.048B
YoY Change 37.21% -25.14%
Cost Of Revenue $467.0M $339.0M
YoY Change 37.76% -25.17%
Gross Profit $971.0M $709.0M
YoY Change 36.95% -25.13%
Gross Profit Margin 67.52% 67.65%
Selling, General & Admin $108.0M $94.00M
YoY Change 14.89% -70.25%
% of Gross Profit 11.12% 13.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.00M $46.00M
YoY Change 10.87% 2.22%
% of Gross Profit 5.25% 6.49%
Operating Expenses $108.0M $94.00M
YoY Change 14.89% -70.25%
Operating Profit $488.0M $243.0M
YoY Change 100.82% -50.51%
Interest Expense -$126.0M -$128.0M
YoY Change -1.56% -6.57%
% of Operating Profit -25.82% -52.67%
Other Income/Expense, Net
YoY Change
Pretax Income $362.0M $115.0M
YoY Change 214.78% -67.51%
Income Tax -$29.00M -$49.00M
% Of Pretax Income -8.01% -42.61%
Net Earnings $391.0M $164.0M
YoY Change 138.41% -36.19%
Net Earnings / Revenue 27.19% 15.65%
Basic Earnings Per Share $0.84 $0.35
Diluted Earnings Per Share $0.84 $0.35
COMMON SHARES
Basic Shares Outstanding 307.0M shares 301.0M shares
Diluted Shares Outstanding 466.0M shares 469.0M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.762B $1.540B
YoY Change 14.42% 49.81%
Cash & Equivalents $1.762B $1.540B
Short-Term Investments
Other Short-Term Assets $132.0M $71.00M
YoY Change 85.92% 2.9%
Inventory $99.00M $96.00M
Prepaid Expenses
Receivables $535.0M $520.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.528B $2.227B
YoY Change 13.52% 34.64%
LONG-TERM ASSETS
Property, Plant & Equipment $3.176B $1.958B
YoY Change 62.21% -2.44%
Goodwill $5.831B $5.498B
YoY Change 6.06% -2.26%
Intangibles $10.82B $10.29B
YoY Change 5.17% -2.42%
Long-Term Investments $204.0M $62.00M
YoY Change 229.03% 31.91%
Other Assets $806.0M $866.0M
YoY Change -6.93% 24.6%
Total Long-Term Assets $20.71B $19.79B
YoY Change 4.67% -1.41%
TOTAL ASSETS
Total Short-Term Assets $2.528B $2.227B
Total Long-Term Assets $20.71B $19.79B
Total Assets $23.24B $22.02B
YoY Change 5.56% 1.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $575.0M $470.0M
YoY Change 22.34% -3.29%
Accrued Expenses $395.0M $552.0M
YoY Change -28.44% 30.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $81.00M $78.00M
YoY Change 3.85% 20.0%
Total Short-Term Liabilities $1.649B $1.284B
YoY Change 28.43% -7.16%
LONG-TERM LIABILITIES
Long-Term Debt $12.38B $12.31B
YoY Change 0.53% 4.88%
Other Long-Term Liabilities $2.110B $1.810B
YoY Change 16.57% 4.62%
Total Long-Term Liabilities $14.49B $14.12B
YoY Change 2.58% 4.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.649B $1.284B
Total Long-Term Liabilities $14.49B $14.12B
Total Liabilities $18.98B $18.16B
YoY Change 4.5% 2.25%
SHAREHOLDERS EQUITY
Retained Earnings $728.0M $708.0M
YoY Change 2.82% 0.57%
Common Stock $2.512B $2.602B
YoY Change -3.46% 39.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.561B $2.285B
YoY Change
Total Liabilities & Shareholders Equity $23.24B $22.02B
YoY Change 5.56% 1.34%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $391.0M $164.0M
YoY Change 138.41% -36.19%
Depreciation, Depletion And Amortization $51.00M $46.00M
YoY Change 10.87% 2.22%
Cash From Operating Activities $479.0M $60.00M
YoY Change 698.33% -81.31%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M -$20.00M
YoY Change 55.0% 122.22%
Acquisitions
YoY Change
Other Investing Activities $2.000M $11.00M
YoY Change -81.82% -47.62%
Cash From Investing Activities -$29.00M -$9.000M
YoY Change 222.22% -175.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -255.0M -1.016B
YoY Change -74.9% 377.0%
NET CHANGE
Cash From Operating Activities 479.0M 60.00M
Cash From Investing Activities -29.00M -9.000M
Cash From Financing Activities -255.0M -1.016B
Net Change In Cash 195.0M -965.0M
YoY Change -120.21% -904.17%
FREE CASH FLOW
Cash From Operating Activities $479.0M $60.00M
Capital Expenditures -$31.00M -$20.00M
Free Cash Flow $510.0M $80.00M
YoY Change 537.5% -75.76%

Facts In Submission

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OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterTax
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CY2020Q2 qsr Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterTax
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qsr Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterTax
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qsr Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Tax
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237000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
312000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
203000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Dividends Common Stock Cash
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163000000 USD
CY2021Q1 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
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CY2021Q1 qsr Distributions Dividends Per Common Unit Share
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CY2021Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
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CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2021Q1 qsr Restaurant Variable Interest Entity Contribution Distribution
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CY2021Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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203000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18000000 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2021Q2 us-gaap Dividends Common Stock Cash
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CY2021Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
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CY2021Q2 qsr Distributions Dividends Per Common Unit Share
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DistributionMadeToLimitedPartnerCashDistributionsDeclared
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StockIssuedDuringPeriodValueConversionOfUnits
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CY2021Q2 qsr Restaurant Variable Interest Entity Contribution Distribution
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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60000000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19000000 USD
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StockIssuedDuringPeriodValueNewIssues
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CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2020Q1 us-gaap Dividends Common Stock Cash
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CY2020Q1 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
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CY2020Q1 qsr Distributions Dividends Per Common Unit Share
DistributionsDividendsPerCommonUnitShare
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CY2020Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
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CY2020Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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CY2020Q1 qsr Restaurant Variable Interest Entity Contribution Distribution
RestaurantVariableInterestEntityContributionDistribution
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CY2020Q1 us-gaap Profit Loss
ProfitLoss
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CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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20000000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
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CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2020Q2 us-gaap Dividends Common Stock Cash
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CY2020Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
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CY2020Q2 qsr Distributions Dividends Per Common Unit Share
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CY2020Q2 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
85000000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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CY2020Q2 qsr Restaurant Variable Interest Entity Contribution Distribution
RestaurantVariableInterestEntityContributionDistribution
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CY2020Q2 us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
662000000 USD
us-gaap Profit Loss
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388000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
100000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13000000 USD
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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us-gaap Gain Loss On Derivative Instruments Net Pretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Other Noncash Income Expense
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12000000 USD
us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Increase Decrease In Accounts And Notes Receivable
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36000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
28000000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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qsr Increase Decrease In Other Accrued Liabilities And Gift Card Liability
IncreaseDecreaseInOtherAccruedLiabilitiesAndGiftCardLiability
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qsr Increase Decrease In Other Accrued Liabilities And Gift Card Liability
IncreaseDecreaseInOtherAccruedLiabilitiesAndGiftCardLiability
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qsr Tenant Inducements Paidto Franchisees
TenantInducementsPaidtoFranchisees
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qsr Tenant Inducements Paidto Franchisees
TenantInducementsPaidtoFranchisees
5000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
85000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
10000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
745000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
196000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
14000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5000000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
1000000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
22000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
54000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
56000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41000000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
32000000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
14000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
202000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1560000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1533000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1762000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1540000000 USD
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
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234000000 USD
us-gaap Income Taxes Paid
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142000000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
60000000 USD
CY2021Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
27403 restaurant
CY2021Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
100 country
CY2021Q2 qsr Restaurants Owned By Franchisees Percentage
RestaurantsOwnedByFranchiseesPercentage
1
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates.</span></div><div style="margin-top:12pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying amounts for cash and cash equivalents, accounts and notes receivable and accounts and drafts payable approximate fair value based on the short-term nature of these amounts.</span></div>
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
46000000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
150000000 USD
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
117000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
109000000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
230000000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
221000000 USD
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
84000000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
109000000 USD
CY2021Q2 qsr Operating Lease Amortization
OperatingLeaseAmortization
1000000 USD
CY2020Q2 qsr Operating Lease Amortization
OperatingLeaseAmortization
1000000 USD
qsr Operating Lease Amortization
OperatingLeaseAmortization
2000000 USD
qsr Operating Lease Amortization
OperatingLeaseAmortization
3000000 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
202000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
156000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
382000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
333000000 USD
CY2021Q2 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
1000000 USD
CY2020Q2 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
2000000 USD
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
3000000 USD
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
3000000 USD
CY2021Q2 us-gaap Lease Income
LeaseIncome
203000000 USD
CY2020Q2 us-gaap Lease Income
LeaseIncome
158000000 USD
us-gaap Lease Income
LeaseIncome
385000000 USD
us-gaap Lease Income
LeaseIncome
336000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
528000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
27000000 USD
qsr Contractwith Customer Liability Increase Excluding Amounts Recognized As Revenue During The Period
ContractwithCustomerLiabilityIncreaseExcludingAmountsRecognizedAsRevenueDuringThePeriod
29000000 USD
qsr Contractwith Customer Liability Foreign Currency Translation
ContractwithCustomerLiabilityForeignCurrencyTranslation
-4000000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
526000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
46000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
45000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
40000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
327000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
526000000 USD
CY2021Q2 us-gaap Lease Income
LeaseIncome
203000000 USD
CY2020Q2 us-gaap Lease Income
LeaseIncome
158000000 USD
us-gaap Lease Income
LeaseIncome
385000000 USD
us-gaap Lease Income
LeaseIncome
336000000 USD
CY2021Q2 us-gaap Revenues
Revenues
1438000000 USD
CY2020Q2 us-gaap Revenues
Revenues
1048000000 USD
us-gaap Revenues
Revenues
2698000000 USD
us-gaap Revenues
Revenues
2273000000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
259000000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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