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32 McDonald's Corporation 2015 Annual Report
Consolidated Balance Sheet
In millions, except per share data December 31, 2015 2014
ASSETS
Current assets
Cash and equivalents $ 7,685.5 $ 2,077.9
Accounts and notes receivable 1,298.7 1,214.4
Inventories, at cost, not in excess of market 100.1 110.0
Prepaid expenses and other current assets 558.7 783.2
Total current assets 9,643.0 4,185.5
Other assets
Investments in and advances to affiliates 792.7 1,004.5
Goodwill 2,516.3 2,735.3
Miscellaneous 1,869.1 1,744.6
Total other assets 5,178.1 5,484.4
Property and equipment
Property and equipment, at cost 37,692.4 39,126.1
Accumulated depreciation and amortization (14,574.8) (14,568.6)
Net property and equipment 23,117.6 24,557.5
Total assets $ 37,938.7 $ 34,227.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 874.7 $860.1
Income taxes 154.8 166.8
Other taxes 309.0 330.0
Accrued interest 233.1 233.7
Accrued payroll and other liabilities 1,378.8 1,157.3
Total current liabilities 2,950.4 2,747.9
Long-term debt 24,122.1 14,935.7
Other long-term liabilities 2,074.0 2,065.9
Deferred income taxes 1,704.3 1,624.5
Shareholders’ equity
Preferred stock, no par value; authorized – 165.0 million shares; issued – none
Common stock, $.01 par value; authorized – 3.5 billion shares; issued – 1,660.6 million shares 16.6 16.6
Additional paid-in capital 6,533.4 6,239.1
Retained earnings 44,594.5 43,294.5
Accumulated other comprehensive income (2,879.8) (1,519.7)
Common stock in treasury, at cost; 753.8 and 697.7 million shares (41,176.8) (35,177.1)
Total shareholders’ equity 7,087.9 12,853.4
Total liabilities and shareholders’ equity $ 37,938.7 $ 34,227.4
See Notes to consolidated financial statements.