$RSTRF

2021 Q1 Form 10-Q Financial Statement

#000161875521000020 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $1.260B $1.358B $1.225B
YoY Change 2.86% -8.18% -3.24%
Cost Of Revenue $401.0M $399.0M
YoY Change 0.5% -1.72%
Gross Profit $859.0M $826.0M
YoY Change 4.0% -3.95%
Gross Profit Margin 68.17% 67.43%
Selling, General & Admin $104.0M $102.0M
YoY Change 1.96% -67.31%
% of Gross Profit 12.11% 12.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $104.0M $102.0M
YoY Change 1.96% -67.31%
Operating Profit $442.0M $373.0M $389.0M
YoY Change 13.62% -27.01% -10.37%
Interest Expense -$124.0M -$119.0M
YoY Change 4.2% -9.85%
% of Operating Profit -28.05% -30.59%
Other Income/Expense, Net
YoY Change
Pretax Income $318.0M $270.0M
YoY Change 17.78% -10.6%
Income Tax $47.00M $46.00M
% Of Pretax Income 14.78% 17.04%
Net Earnings $271.0M $139.0M $224.0M
YoY Change 20.98% -45.91% -8.94%
Net Earnings / Revenue 21.51% 10.24% 18.29%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.563B $1.560B $2.498B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $98.00M $96.00M $85.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.291B $2.264B $3.059B
YoY Change -25.11% 3.1% 103.93%
LONG-TERM ASSETS
Property, Plant & Equipment $2.028B $2.031B $1.939B
YoY Change 4.59% 1.2% -4.1%
Goodwill $5.781B $5.739B $5.376B
YoY Change 7.53% 1.56% -2.01%
Intangibles $10.74B $10.70B $10.09B
YoY Change 6.51% 1.31% -2.37%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $808.0M $824.0M $1.006B
YoY Change -19.68% 14.6% 56.7%
Total Long-Term Assets $20.57B $20.51B $19.57B
YoY Change 5.09% 1.73% -0.54%
TOTAL ASSETS
Total Short-Term Assets $2.291B $2.264B $3.059B
Total Long-Term Assets $20.57B $20.51B $19.57B
Total Assets $22.86B $22.78B $22.63B
YoY Change 1.01% 1.86% 6.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $488.0M $464.0M $484.0M
YoY Change 0.83% -27.95% -5.65%
Accrued Expenses $805.0M $835.0M $779.0M
YoY Change 3.34% 5.7% 13.06%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $80.00M $79.00M $76.00M
YoY Change 5.26% 6.76% 11.76%
Total Short-Term Liabilities $1.552B $1.601B $1.472B
YoY Change 5.43% -5.99% -3.29%
LONG-TERM LIABILITIES
Long-Term Debt $12.39B $12.40B $12.82B
YoY Change -3.4% 5.43% 9.05%
Other Long-Term Liabilities $2.089B $2.236B $1.774B
YoY Change 17.76% 31.68% 25.37%
Total Long-Term Liabilities $14.48B $14.63B $14.60B
YoY Change -0.83% 8.74% 10.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.552B $1.601B $1.472B
Total Long-Term Liabilities $14.48B $14.63B $14.60B
Total Liabilities $18.86B $19.06B $18.88B
YoY Change -0.12% 5.28% 7.63%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $0.00 $0.00
YoY Change
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $22.86B $22.78B $22.63B
YoY Change 1.01% 1.86% 6.86%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income $271.0M $139.0M $224.0M
YoY Change 20.98% -45.91% -8.94%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $266.0M $136.0M
YoY Change 95.59% -11.69%
INVESTING ACTIVITIES
Capital Expenditures $15.00M $19.00M
YoY Change -21.05% 280.0%
Acquisitions
YoY Change
Other Investing Activities $5.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.000M -$3.000M
YoY Change 133.33% -127.27%
FINANCING ACTIVITIES
Cash Dividend Paid $239.0M $232.0M
YoY Change 3.02% 12.08%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $25.00M
YoY Change 8.7%
Cash From Financing Activities -$261.0M $855.0M
YoY Change -130.53% -569.78%
NET CHANGE
Cash From Operating Activities $266.0M $136.0M
Cash From Investing Activities -$7.000M -$3.000M
Cash From Financing Activities -$261.0M $855.0M
Net Change In Cash $3.000M $965.0M
YoY Change -99.69% -8872.73%
FREE CASH FLOW
Cash From Operating Activities $266.0M $136.0M
Capital Expenditures $15.00M $19.00M
Free Cash Flow $251.0M $117.0M
YoY Change 114.53% -21.48%

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224000000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45000000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6000000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2000000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
8000000 USD
CY2020Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
6000000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
19000000 USD
CY2020Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-31000000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
4000000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-94000000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13000000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-136000000 USD
CY2020Q1 qsr Increase Decrease In Other Accrued Liabilities And Gift Card Liability
IncreaseDecreaseInOtherAccruedLiabilitiesAndGiftCardLiability
-67000000 USD
CY2021Q1 qsr Tenant Inducements Paidto Franchisees
TenantInducementsPaidtoFranchisees
0 USD
CY2020Q1 qsr Tenant Inducements Paidto Franchisees
TenantInducementsPaidtoFranchisees
3000000 USD
CY2020Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-14000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
266000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
136000000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4000000 USD
CY2020Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
12000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1085000000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
25000000 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
232000000 USD
CY2020Q1 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
30000000 USD
CY2021Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
16000000 USD
CY2020Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
2000000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-261000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
855000000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-23000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
965000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1533000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1563000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2498000000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
72000000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
104000000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
96000000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
48000000 USD
CY2021Q1 us-gaap Number Of Restaurants
NumberOfRestaurants
27173 restaurant
CY2021Q1 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
100 country
CY2021Q1 qsr Restaurants Owned By Franchisees Percentage
RestaurantsOwnedByFranchiseesPercentage
1
CY2021Q1 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>
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
113000000 USD
CY2020Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
112000000 USD
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
66000000 USD
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
63000000 USD
CY2021Q1 qsr Operating Lease Amortization
OperatingLeaseAmortization
1000000 USD
CY2020Q1 qsr Operating Lease Amortization
OperatingLeaseAmortization
2000000 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
180000000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
177000000 USD
CY2021Q1 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
2000000 USD
CY2020Q1 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
1000000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
182000000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
178000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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528000000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15000000 USD
CY2021Q1 qsr Contractwith Customer Liability Increase Excluding Amounts Recognized As Revenue During The Period
ContractwithCustomerLiabilityIncreaseExcludingAmountsRecognizedAsRevenueDuringThePeriod
18000000 USD
CY2021Q1 qsr Contractwith Customer Liability Foreign Currency Translation
ContractwithCustomerLiabilityForeignCurrencyTranslation
-7000000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
524000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
35000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
45000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
42000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
40000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
319000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
524000000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
182000000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
178000000 USD
CY2021Q1 us-gaap Revenues
Revenues
1260000000 USD
CY2020Q1 us-gaap Revenues
Revenues
1225000000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
270000000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
224000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
845000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
336000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
509000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
852000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
330000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
522000000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10742000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10701000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
5781000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
5739000000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10000000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000000 USD
CY2021Q1 us-gaap Dividends Payable Current
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245000000 USD
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
239000000 USD
CY2021Q1 us-gaap Interest Payable Current
InterestPayableCurrent
94000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
66000000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
42000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
78000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
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96000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
122000000 USD
CY2021Q1 qsr Contract With Customer Deferred Income Current
ContractWithCustomerDeferredIncomeCurrent
44000000 USD
CY2020Q4 qsr Contract With Customer Deferred Income Current
ContractWithCustomerDeferredIncomeCurrent
42000000 USD
CY2021Q1 us-gaap Accrued Advertising Current
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62000000 USD
CY2020Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
59000000 USD
CY2021Q1 us-gaap Restructuring Reserve Current
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13000000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
12000000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
136000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
137000000 USD
CY2021Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
73000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
80000000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
805000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
835000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
632000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
626000000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
524000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
528000000 USD
CY2021Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
715000000 USD
CY2020Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
865000000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
77000000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
81000000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
69000000 USD
CY2020Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
70000000 USD
CY2021Q1 qsr Contract With Customer Deferred Income Noncurrent
ContractWithCustomerDeferredIncomeNoncurrent
34000000 USD
CY2020Q4 qsr Contract With Customer Deferred Income Noncurrent
ContractWithCustomerDeferredIncomeNoncurrent
28000000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
38000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
38000000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2089000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2236000000 USD
CY2021Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
179000000 USD
CY2020Q4 us-gaap Other Long Term Debt
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178000000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
148000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
155000000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
12466000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
12476000000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
80000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
79000000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12386000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12397000000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
12265000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
12477000000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
12435000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
12453000000 USD
CY2021Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
113000000 USD
CY2020Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
113000000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 USD
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7000000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6000000 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000000 USD
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-124000000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-119000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.147
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.168
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
54000000 USD
CY2021Q1 qsr Other Comprehensive Income Change In Fair Value Of Derivatives Net Of Tax
OtherComprehensiveIncomeChangeInFairValueOfDerivativesNetOfTax
-124000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-24000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-8000000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
13000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
719000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
869000000 USD
CY2021Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
2000000 USD
CY2020Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
2000000 USD
CY2021Q1 qsr Litigation Settlement Expense Reserves
LitigationSettlementExpenseReserves
2000000 USD
CY2020Q1 qsr Litigation Settlement Expense Reserves
LitigationSettlementExpenseReserves
0 USD
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
43000000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
8000000 USD
CY2021Q1 qsr Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
-1000000 USD
CY2020Q1 qsr Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
6000000 USD
CY2021Q1 us-gaap Other Operating Income Expense Net
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42000000 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
16000000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
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3 brand
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 brand
CY2021Q1 qsr Number Of Brand
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3 brand
CY2021Q1 us-gaap Revenues
Revenues
1260000000 USD
CY2020Q1 us-gaap Revenues
Revenues
1225000000 USD
CY2021Q1 us-gaap Revenues
Revenues
1260000000 USD
CY2020Q1 us-gaap Revenues
Revenues
1225000000 USD
CY2021Q1 qsr Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
480000000 USD
CY2020Q1 qsr Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
444000000 USD
CY2021Q1 qsr Earnings Before Interest Tax Depreciation And Amortization
EarningsBeforeInterestTaxDepreciationAndAmortization
491000000 USD
CY2020Q1 qsr Earnings Before Interest Tax Depreciation And Amortization
EarningsBeforeInterestTaxDepreciationAndAmortization
434000000 USD
CY2021Q1 qsr Depreciation And Amortization Excluding Oie Depreciation
DepreciationAndAmortizationExcludingOieDepreciation
49000000 USD
CY2020Q1 qsr Depreciation And Amortization Excluding Oie Depreciation
DepreciationAndAmortizationExcludingOieDepreciation
45000000 USD
CY2021Q1 us-gaap Operating Income Loss
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442000000 USD
CY2020Q1 us-gaap Operating Income Loss
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389000000 USD
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
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CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46000000 USD
CY2021Q1 us-gaap Profit Loss
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271000000 USD
CY2020Q1 us-gaap Profit Loss
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224000000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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1563000000 USD
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519000000 USD
CY2021Q1 us-gaap Inventory Net
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98000000 USD
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CY2021Q1 us-gaap Assets Current
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2291000000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
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2028000000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
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1140000000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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10742000000 USD
CY2021Q1 us-gaap Goodwill
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5781000000 USD
CY2021Q1 us-gaap Net Investment In Lease Noncurrent
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67000000 USD
CY2021Q1 us-gaap Due From Related Parties Noncurrent
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0 USD
CY2021Q1 us-gaap Equity Method Investments
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CY2021Q1 us-gaap Other Assets Noncurrent
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808000000 USD
CY2021Q1 us-gaap Assets
Assets
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488000000 USD
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805000000 USD
CY2021Q1 qsr Contract With Customer Liability Gift Cards
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147000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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112000000 USD
CY2021Q1 us-gaap Liabilities Current
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1552000000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
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12386000000 USD
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
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318000000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
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1075000000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
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2089000000 USD
CY2021Q1 us-gaap Due To Related Parties Noncurrent
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0 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
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1435000000 USD
CY2021Q1 us-gaap Liabilities
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18855000000 USD
CY2021Q1 us-gaap Common Stock Value
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0 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Partners Capital
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3996000000 USD
CY2021Q1 us-gaap Minority Interest
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6000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4002000000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
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22857000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1560000000 USD
CY2020Q4 us-gaap Accounts Notes And Loans Receivable Net Current
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536000000 USD
CY2020Q4 us-gaap Inventory Net
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96000000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
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72000000 USD
CY2020Q4 us-gaap Assets Current
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2264000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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