| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | restructuring | in_progress | 2023-01 | 2027 | Primarily Corporate; $1 million in International Operated Markets | Corporate (Global Business Services-led modernization of ways of working) | USD 98 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Accelerating the Organization initiative; $98 million of restructuring charges in the six months ended June 30, 2026 ($51 million in Q2), $795 million cumulative since 2023; Company expects approximately $250 million of charges in 2026, primarily professional services costs; accrued balance of $44 million at June 30, 2026 expected to be paid within twelve months. No employee counts disclosed. | ||
| 2026-06-30 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | Corporate | USD 97 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended 2026-06-30 charges of $98M total, of which $97M recorded primarily at Corporate; no employee count disclosed. Company expects about $250M of restructuring charges in 2026, primarily professional services costs. | ||
| 2026-06-30 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | International Operated Markets | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Component of the same program; $1M of the $98M six-month 2026 restructuring charges recorded in International Operated Markets. No employee count disclosed. | ||
| 2026-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and International Operated Markets | USD 98 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 'Accelerating the Organization' initiative. $98M incurred in six months ended June 30, 2026 ($51M in Q2, $47M in Q1). Expected completion during 2027. Employee count not disclosed. | ||
| 2026-03-31 | restructuring | in_progress | 2023-01 | 2027 | Global | Corporate (primarily); International Operated Markets | USD 47 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Ongoing initiative to modernize ways of working, led by Global Business Services. Q1 2026 charge of $47M ($46M Corporate, $1M International Operated Markets); $744M cumulative since 2023; ~$250M expected in 2026, primarily professional services costs. Accrued balance $55M at 2026-03-31, substantially all payable within twelve months. No employee counts disclosed. | ||
| 2026-03-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate; International Operated Markets | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2026 charge of $47M ($46M Corporate, $1M IOM); $744M cumulative since 2023; ~$250M expected in 2026; no employee counts disclosed | ||
| 2026-03-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and International Operated Markets | USD 47 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 'Accelerating the Organization' initiative commenced in 2023. Q1 2026 charges of $47M recorded ($46M Corporate, $1M Int'l Operated). Total charges since inception $744M. Expected completion during 2027. | ||
| 2025-12-31 | restructuring | in_progress | 2023-01 | 2027 | Global | Corporate | USD 201 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | FY2025 charge recorded at Corporate under the Accelerating the Organization workforce-modernization program announced January 2023. Program-level 2025 charge of $226 million comprised $32 million employee termination benefits, $1 million contract termination costs, and $193 million professional services and other costs. Cumulative program charges of $697 million since 2023; about $250 million more expected in 2026, primarily professional services; completion anticipated during 2027. No affected-employee count disclosed. | ||
| 2025-12-31 | restructuring | in_progress | 2023-01 | 2027 | Global | International Operated Markets | USD 25 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | FY2025 charge recorded in the International Operated Markets segment under the same multi-year program; the remainder of the $226 million 2025 charge was recorded at Corporate. No affected-employee count disclosed. | ||
| 2025-12-31 | plant_closure | completed | 2025-12-31 | Global | Systemwide restaurants (Company-owned and franchised) | MD&A f5-10k / GLM-5.3-flash-HTML | 396 restaurants were closed during 2025 alongside 2,276 openings, reflecting normal-course portfolio churn under the development strategy rather than a discrete closure program; no workforce impact quantified, and most closed units are franchised, whose workers are employed by franchisees. | ||||
| 2025-12-31 | restructuring | in_progress | 2023-01 | 2027 | Global (primarily Corporate) | Corporate | USD 201 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2025 activity only within a multi-year program announced January 2023; cumulative charges of $697 million since inception, with anticipated completion during 2027. No employees-affected count disclosed; FY2025 charges comprised $32M employee termination benefits, $1M contract termination and $193M professional services/other, leaving a $53M accrued balance at year-end. | ||
| 2025-12-31 | restructuring | in_progress | 2023-01 | 2027 | Global | International Operated Markets | USD 25 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the same Accelerating the Organization program; FY2025 activity only. No employees-affected count disclosed. | ||
| 2025-12-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate / International Operated Markets | USD 226 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Program announced Jan 2023. $226M incurred in 2025 ($201M Corporate, $25M Int'l Operated). Total cumulative charges since inception: $697M. Expected completion 2027. Employee count not disclosed. | ||
| 2025-12-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and International Operated Markets | USD 226 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Internal effort to modernize ways of working. $226M incurred in 2025 ($201M Corporate, $25M Int'l Operated). Program expected to complete in 2027. Employee count not disclosed. | ||
| 2025-12-31 | restructuring | in_progress | USD 229,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2025-09-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global (Corporate and International Operated Markets) | Corporate; Global Business Services organization | USD 152 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Ongoing initiative to modernize ways of working, led by GBS. $152 million of charges in the nine months ended September 30, 2025 ($138 million Corporate, $14 million International Operated Markets); $623 million cumulative since 2023; approximately $250 million of charges expected in 2025, primarily professional services costs. Accrued balance of $50 million at September 30, 2025, substantially all expected to be paid within twelve months. No employee counts disclosed. | ||
| 2025-09-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate; International Operated Markets | USD 152 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months 2025 charges of $152M ($138M Corporate, $14M IOM); no employee counts disclosed. Program expected to complete during 2027; ~$250M expected in full-year 2025. | ||
| 2025-09-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and International Operated Markets | USD 152 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 'Accelerating the Organization' initiative announced in Jan 2023. $152M charges incurred in 9 months ended Sep 30, 2025 ($138M Corporate, $14M Int'l Operated). Expected completion 2027. Employee count not disclosed. | ||
| 2025-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate ($95 million YTD) and International Operated Markets ($14 million YTD) | USD 109 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Accelerating the Organization initiative to modernize ways of working; $109 million of restructuring charges in the six months ended June 30, 2025 ($43 million in the quarter), primarily professional services costs; $580 million incurred since 2023; Company expects approximately $300 million of charges in 2025; accrued balance of $60 million at June 30, 2025 (employee termination benefits $29 million, contract termination $3 million, professional services and other $28 million), substantially all expected to be paid within twelve months. No employee headcount figures disclosed. | ||
| 2025-06-30 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | Corporate | USD 95 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months 2025 charge of $95M recorded at Corporate; $43M of the $109M six-month charge fell in Q2 2025. No employee counts disclosed. Program totals $580M since 2023; about $300M expected in 2025, primarily professional services costs. | ||
| 2025-06-30 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | International Operated Markets | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months 2025 charge of $14M recorded in International Operated Markets; no employee counts disclosed. Accrued restructuring balance was $60M at June 30, 2025, substantially all expected to be paid within twelve months. | ||
| 2025-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and International Operated Markets | USD 109 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 'Accelerating the Organization' initiative. $109M incurred in first six months of 2025 ($95M Corporate, $14M Int'l Operated). Total charges since 2023 commencement: $580M. Expected completion during 2027. Employee count not disclosed. | ||
| 2025-03-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Corporate and International Operated Markets | USD 66 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q1 2025 restructuring charges of $66 million under the Accelerating the Organization initiative; $48 million recorded at Corporate and $18 million in International Operated Markets. Total charges since 2023 inception are $537 million; approximately $300 million expected in 2025, primarily professional services costs. No employee headcount figures disclosed. | |||
| 2025-03-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global (primarily Corporate; $18M of Q1 2025 charges recorded in International Operated Markets) | Corporate / Global Business Services | USD 66 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2025 charges of $66M (vs. $44M incurred in Q1 2024 per footnote); $537M cumulative since 2023; ~$300M expected in 2025, primarily professional services. Accrued balance at 2025-03-31 was $73M, including $35M employee termination benefits and $4M contract termination costs. No employee headcount affected was disclosed. | ||
| 2025-03-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and International Operated Markets | USD 66 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 'Accelerating the Organization' initiative. $66M incurred in Q1 2025 ($48M Corporate, $18M Int'l Operated). Total charges since 2023 commencement: $537M. Expected completion during 2027. | ||
| 2024-12-31 | restructuring | in_progress | 2023-01 | 2027 | Global; 2024 charges predominantly at Corporate | Corporate (recorded in International Developmental Licensed Markets & Corporate segment) | USD 221 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program to modernize ways of working, announced January 2023. FY2024 charge of $221M primarily professional services costs; only $6M severance (employee termination benefits) incurred in 2024. Cumulative charges of $471M since inception; ~$300M of charges expected in 2025. No employee headcount affected was disclosed. | ||
| 2024-12-31 | acquisition_addition | completed | Israel | International Developmental Licensed Markets & Corporate | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Company acquired McDonald's business in Israel (228 restaurants from a franchisee) during 2024, supporting key franchising initiatives; ~$150M net tangible assets, ~$270M identifiable intangibles and ~$240M goodwill recorded. No employee headcount change disclosed. | |||||
| 2024-12-31 | divestiture_reduction | completed | South Korea | International Developmental Licensed Markets & Corporate | other f5-10k / GLM-5.3-flash-HTML | Sale of McDonald's business in South Korea completed during 2024. Combined with Israel acquisition, generated net pre-tax charges of $70M (transaction costs, property sale gains, non-cash impairments); no employee headcount change disclosed. | |||||
| 2024-12-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | International Developmental Licensed Markets & Corporate (majority recorded at Corporate) | USD 218 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2024 restructuring charges of $221M under the Accelerating the Organization program, of which $218M was recorded in this segment; program totals $471M cumulative since January 2023 inception. FY2024 charges comprised $6M employee termination benefits, $1M contract termination costs and $214M professional services. Employee headcount impact not disclosed. | ||
| 2024-12-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | International Operated Markets | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Segment allocation of the $221M FY2024 restructuring charges; employee headcount impact not disclosed. | ||
| 2024-12-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | U.S. | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Segment allocation of the $221M FY2024 restructuring charges; employee headcount impact not disclosed. Accrued restructuring balance at year-end 2024 was $42M, substantially expected to be paid within twelve months; Company expects about $300M of restructuring charges in 2025. | ||
| 2024-12-31 | acquisition_addition | completed | Israel | International Developmental Licensed Markets & Corporate | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2024 the Company acquired restaurants from franchisees, including 228 restaurants in Israel, recording ~$150M net tangible assets, ~$270M identifiable intangibles and $240M goodwill. Headcount added not disclosed; transaction costs for the Israel acquisition were included in FY2024 net pre-tax charges of $70M. | |||||
| 2024-12-31 | divestiture_reduction | completed | South Korea | International Developmental Licensed Markets & Corporate | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of McDonald's business in South Korea during 2024; transaction costs, property sale gains and non-cash impairment charges were part of $70M net pre-tax charges. Headcount removed not disclosed. | |||||
| 2024-12-31 | plant_closure | completed | Global | Systemwide restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 461 restaurants closed during 2024 (2,116 opened; Systemwide units grew from 41,822 to 43,477). No associated workforce reduction quantified in the filing. | |||||
| 2024-12-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate / Global Business Services | USD 221 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Initiated Jan 2023. 2024 charges of $221M primarily for professional services. Total charges since inception $471M. Expected to complete by 2027. Employee count not explicitly disclosed for 2024 activity. | ||
| 2024-12-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate / Global Business Services | USD 221 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Charges incurred in 2024 for internal effort to modernize ways of working. Total charges since commencement are $471 million. Employee count not disclosed. | ||
| 2024-12-31 | restructuring | in_progress | USD 221,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2024-09-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Primarily Corporate segment | USD 146 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Internal effort to modernize ways of working; nine-month 2024 charges primarily professional services costs. Accrued employee termination benefits of $17 million and costs to terminate contracts of $4 million at September 30, 2024. Company expects approximately $250 million of restructuring charges in 2024; program anticipated to complete during 2027. No employee counts disclosed. | |||
| 2024-09-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate (primarily Corporate segment; led by Global Business Services) | USD 146 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months 2024 restructuring charges of $146M (Q3 alone: $46M); ~$250M expected for full-year 2024, primarily professional services. Accrued balance $42M at 2024-09-30. No employee count disclosed; program announced January 2023, anticipated completion during 2027. | ||
| 2024-09-30 | divestiture_reduction | in_progress | South Korea | Company-owned restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of McDonald's business in South Korea included transaction costs and non-cash impairment charges within the $52M Q3 / $142M YTD pre-tax charges; no headcount figure disclosed. | |||||
| 2024-09-30 | acquisition_addition | completed | Israel | Company-owned restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of McDonald's business in Israel drove revenue growth in the International Developmental Licensed Markets & Corporate segment; transaction costs included in charges. No headcount added disclosed. | |||||
| 2024-09-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate | USD 146 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program announced Jan 2023. $146M incurred in first nine months of 2024, primarily professional services. Expected completion 2027. Employee count not disclosed. | ||
| 2024-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Primarily Corporate (Global Business Services organization) | USD 57 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Internal effort to modernize ways of working; quarter charge of $57 million and six-month charge of $100 million, primarily professional services costs. Company expects approximately $250 million of restructuring charges in 2024; program anticipated to complete during 2027. No employee counts disclosed. | |||
| 2024-06-30 | acquisition_addition | completed | 2024-07-02 | 2024-07-02 | Israel | International Developmental Licensed Markets & Corporate | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of Alonyal Limited completed July 2, 2024, adding 228 McDonald's restaurants in Israel; restaurants converted from developmental licensee to Company-owned and operated. Headcount not disclosed. | |||
| 2024-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate (primarily Corporate segment; led by Global Business Services) | USD 57 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2024 restructuring charge of $57M (YTD $100M; $101M total charges in six months). Accrued balance at 2024-06-30 was $40M. Company expects ~$250M of restructuring charges in 2024, primarily professional services. No employee count disclosed; accrual includes employee termination benefits ($21M) and contract termination costs ($5M). Program anticipated to complete during 2027. | ||
| 2024-06-30 | acquisition_addition | completed | 2024-07-02 | 2024-07-02 | Israel | International Developmental Licensed Markets & Corporate | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Alonyal Limited (228 McDonald's restaurants in Israel) completed 2024-07-02; restaurants move from franchised royalty revenue to consolidated company-owned sales. No employee headcount for acquired workforce disclosed. | |||
| 2024-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate / Global Business Services | USD 57 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2024 charges of $57M primarily for professional services. Total expected 2024 charges ~$250M. Employee count not disclosed. | ||
| 2024-06-30 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate / Global Business Services | USD 100 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2024 charges of $100M primarily for professional services. Employee count not disclosed. | ||
| 2024-06-30 | acquisition_addition | completed | 2024-07-02 | 2024-07-02 | Israel | International Developmental Licensed Markets & Corporate | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquired Alonyal Limited, owner/operator of 228 restaurants. Headcount not disclosed. | |||
| 2024-03-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | Primarily Corporate segment | USD 44 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Charges primarily professional services and consulting; no employee counts disclosed. Company expects up to $250 million of restructuring charges in 2024. Program announced January 2023 as part of Accelerating the Arches strategy evolution. | |||
| 2024-03-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate (primarily Corporate segment; led by Global Business Services) | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2024 charges of $44M, primarily professional services and consulting; no employee count disclosed. Company expects up to $250M of restructuring charges in 2024; program runs through 2027. Accrued balance at 2024-03-31 was $39M. | ||
| 2024-03-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate | USD 44 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges primarily consisted of professional services and consulting activities. No significant non-cash impairment charges. Expected up to $250 million in restructuring charges in 2024. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01 | 2027 | United States | U.S. segment | USD 62 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2023 restructuring costs attributed to the U.S. segment under the Accelerating the Organization initiative announced January 2023 (share of the $249.7 million total incurred). Costs consist primarily of employee termination benefits, contract/lease termination costs, and professional services. Year-end accrued balance of $59.5 million substantially payable within twelve months; 2024 costs expected similar to 2023, mainly professional service fees. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01 | 2027 | International Operated Markets | International Operated Markets segment | USD 66 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2023 restructuring costs attributed to the International Operated Markets segment under the same Accelerating the Organization initiative; same cost composition and 2027 anticipated end date as the other segment components. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01 | 2027 | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment (majority recorded at Corporate) | USD 122 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Largest component of the $249.7 million 2023 restructuring charge; the majority of this amount was recorded at Corporate. No employee headcount affected was disclosed for the program in any segment. | ||
| 2023-12-31 | plant_closure | completed | Restaurants (Accelerating the Arches strategy) | USD 40 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Accelerated restaurant closing charges consisting of lease right-of-use asset and fixed asset write-offs; part of $290 million of 2023 Accelerating the Arches pre-tax charges (alongside the $250 million Accelerating the Organization restructuring costs). No employee-impact figures disclosed; the Company separately closed 520 restaurants systemwide in 2023 without attributing a workforce reduction to this charge. | |||||
| 2023-12-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | United States | U.S. | USD 62 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 portion of the Accelerating the Organization program announced January 2023; employee headcount affected is not disclosed. Program runs through an anticipated end date of 2027; total FY2023 costs $249.7M with a $59.5M accrued balance at year-end. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | International Operated Markets | International Operated Markets | USD 66 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 segment component of the Accelerating the Organization restructuring; headcount affected not disclosed. Costs primarily employee termination benefits, contract terminations and professional services. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01 | 2027-12-31 | Global | International Developmental Licensed Markets & Corporate (majority recorded at Corporate) | USD 122 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 segment component of the Accelerating the Organization restructuring; headcount affected not disclosed. Restructuring costs in 2024 expected to be similar and primarily professional service fees. | ||
| 2023-12-31 | plant_closure | in_progress | 2023-01 | Global | Restaurants | USD 40 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges for accelerated restaurant closings (lease right-of-use and fixed asset write-offs) under the Accelerating the Arches strategy; no headcount disclosed. Company closed 520 restaurants in 2023 overall, not attributed to this charge. | |||
| 2023-12-31 | acquisition_addition | announced | 2024-01-30 | 2024-01-30 | China (mainland China, Hong Kong and Macau) | International Developmental Licensed Markets (equity-method affiliate) | USD 1,800 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-year-end purchase from Carlyle raising ownership from 20% to 48% for $1.8B; investment remains equity-method (not consolidated). No headcount added disclosed. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate / Global Business Services | USD 290 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Part of 'Accelerating the Organization' initiative. Includes $250M restructuring costs and $40M accelerated restaurant closing charges. Employee count not disclosed. | ||
| 2023-12-31 | restructuring | in_progress | 2023-01-01 | 2027-12-31 | Global | Corporate and Global Business Services | USD 250 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Initiative to modernize ways of working. Employee count not explicitly disclosed in footnote, but costs include employee termination benefits. | ||
| 2023-12-31 | restructuring | in_progress | USD 290,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2023-09-30 | restructuring | in_progress | 2023-01 | Global | Corporate and all segments | USD 26 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Quarterly pre-tax charges primarily related to restructuring under the Accelerating the Organization initiative announced January 2023; no employee count disclosed. | |||
| 2023-09-30 | restructuring | in_progress | 2023-01 | Global | U.S. ($62M), International Operated Markets ($71M), International Developmental Licensed Markets & Corporate ($87M) | USD 220 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month pre-tax restructuring costs of about $220 million under the Accelerating the Organization initiative; costs include employee termination benefits, contract and lease terminations, and professional services. Accrued balance of $75.6 million at September 30, 2023, substantially all expected to be paid within twelve months. No employee headcount affected was disclosed. | |||
| 2023-09-30 | restructuring | in_progress | 2023-01 | 2023-12-31 | United States | U.S. | USD 62 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Portion of $220M restructuring costs incurred in nine months ended 2023-09-30; no employee count disclosed. Costs recorded in Other operating (income) expense, net; $55.9M employee termination benefits accrued at quarter end. | ||
| 2023-09-30 | restructuring | in_progress | 2023-01 | 2023-12-31 | International Operated Markets | International Operated Markets | USD 71 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Portion of $220M restructuring costs incurred in nine months ended 2023-09-30; no employee count disclosed. | ||
| 2023-09-30 | restructuring | in_progress | 2023-01 | 2023-12-31 | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate | USD 87 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Portion of $220M restructuring costs incurred in nine months ended 2023-09-30, majority recorded at Corporate; no employee count disclosed. Related Global Business Services build-out costs not yet estimable, targeted for completion by end of 2027. | ||
| 2023-09-30 | restructuring | in_progress | 2023-01-01 | 2023-12-31 | Global | Corporate and International Developmental Licensed Markets | USD 220 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiative announced in January 2023. $220 million incurred in nine months ended Sept 30, 2023. Majority recorded at Corporate. Employee termination benefits accrued balance $55.9 million as of Sept 30, 2023. Specific headcount affected not disclosed. | ||
| 2023-06-30 | restructuring | in_progress | 2023-01-01 | Corporate and global (Accelerating the Organization) | USD 199 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Internal modernization effort announced January 2023; up to $250 million of 2023 expenses expected, $199 million incurred in the six months ended June 30, 2023. Costs include employee termination benefits ($110.3M YTD), contract/lease terminations ($26.9M YTD) and professional services and other costs ($43.3M YTD). No employee headcount affected was disclosed. Accrued balance of $93.2 million at June 30, 2023, substantially all expected to be paid by end of 2023. Segment split of the $199 million: $62M U.S., $72M International Operated Markets, $65M International Developmental Licensed Markets & Corporate (mostly Corporate). | ||||
| 2023-06-30 | restructuring | in_progress | 2023-01 | 2023-12-31 | United States | U.S. | USD 62 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Portion of $199M restructuring costs incurred in six months ended June 30, 2023 recorded in the U.S.; no employee counts disclosed. Company expects up to $250M of total 2023 expenses for this initiative. | ||
| 2023-06-30 | restructuring | in_progress | 2023-01 | 2023-12-31 | International Operated Markets | International Operated Markets | USD 72 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Portion of $199M restructuring costs incurred in six months ended June 30, 2023 recorded in the International Operated Markets segment; no employee counts disclosed. | ||
| 2023-06-30 | restructuring | in_progress | 2023-01 | 2023-12-31 | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate | USD 65 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Portion of $199M restructuring costs incurred in six months ended June 30, 2023, majority recorded at Corporate; no employee counts disclosed. Accrued restructuring balance of $93.2M at June 30, 2023 expected to be paid out by end of 2023; Global Business Services strategy largely complete by end of 2027. | ||
| 2023-06-30 | restructuring | in_progress | 2023-01-01 | 2023-12-31 | Global | Corporate and Global Business Services | USD 199 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiative announced Jan 2023. $199M incurred in first six months of 2023. Employee count not disclosed. | ||
| 2023-03-31 | restructuring | in_progress | 2023-01-01 | Company-wide (Accelerating the Organization) | USD 181 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Strategic initiative announced January 2023; expects $200-250 million of 2023 expenses, of which $180 million incurred in Q1 2023. Costs comprise employee termination benefits ($110.3M), contract termination costs ($26.9M), and other related costs ($43.3M). No employee headcount affected disclosed. Segment split: $58M U.S., $71M International Operated Markets, $51M International Developmental Licensed Markets & Corporate. Accrued balance of $163.2M at quarter-end expected to be paid by end of 2023. | ||||
| 2023-03-31 | restructuring | in_progress | 2023-01-01 | 2023-12-31 | United States | U.S. | USD 58 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of $180M total Q1 restructuring charges; employee count not disclosed. Charges include termination benefits, contract/lease terminations, and professional services. | ||
| 2023-03-31 | restructuring | in_progress | 2023-01-01 | 2023-12-31 | International Operated Markets | International Operated Markets | USD 71 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of $180M total Q1 restructuring charges; employee count not disclosed. | ||
| 2023-03-31 | restructuring | in_progress | 2023-01-01 | 2023-12-31 | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate | USD 51 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of $180M total Q1 restructuring charges; majority recorded at Corporate. Employee count not disclosed. | ||
| 2023-03-31 | restructuring | in_progress | 2023-01-01 | 2023-12-31 | Global | Corporate and International Operated Markets | USD 181 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiative announced in January 2023. $180.5 million incurred in Q1 2023, primarily employee termination benefits ($110.3M) and contract terminations ($26.9M). Accrued balance of $163.2M expected to be paid by end of 2023. Employee count not disclosed. | ||
| 2022-12-31 | divestiture_reduction | completed | 2022-06 | Russia | International Operated Markets | USD 1,281 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Company sold its Russian business in June 2022 after temporarily closing restaurants there in Q1 2022 due to the war in the region; the sale included closure of 855 restaurants. Affected employee count is not disclosed. $1,281 million of net pre-tax charges was recognized in impairment and other charges (gains), net. | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-04-01 | International Developmental Licensed Markets & Corporate | USD -271 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Sale of the Dynamic Yield business completed April 1, 2022, resulting in a net pre-tax gain of $271 million (reported as a negative charge). Employee headcount affected is not disclosed. | ||||
| 2022-12-31 | divestiture_reduction | completed | 2022-06-30 | Russia | International Operated Markets | USD 1,281 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Russian business completed June 2022; restaurants treated as permanently closed from April 1, 2022, including closure of 855 restaurants. Net pre-tax charges of $1,281 million ($1.44 per share). Employees affected not disclosed. | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-04-01 | Global | International Developmental Licensed Markets & Corporate | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Dynamic Yield business completed April 1, 2022, resulting in a net pre-tax gain of $271 million ($0.40 per share); third-party revenues ceased from that date. Employees affected not disclosed. | ||||
| 2022-09-30 | divestiture_reduction | completed | Russia | International Operated Markets | USD 1,281 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company completed sale of its Russian business in Q2 2022, a total exit from the market; $1,281 million nine-month pre-tax charge primarily from write-off of net investment in Russia and related cumulative foreign currency translation losses. Over 850 restaurants sold, most Company-operated. No employee headcount figures disclosed. | ||||
| 2022-09-30 | divestiture_reduction | completed | 2022-06 | 2022-06-30 | Russia | Company-operated restaurants | USD 1,281 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Russian business completed in June 2022 (over 850 restaurants, most Company-operated); charge of $1,281 million for the nine months, primarily write-off of net investment plus cumulative FX translation losses. No employee count disclosed. | ||
| 2022-09-30 | plant_closure | in_progress | 2022-03-31 | Ukraine | Company-operated and franchised restaurants | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restaurants temporarily closed in Q1 2022 due to the war; certain Ukraine restaurants began reopening in September 2022. Net investment in Ukraine of approximately $75 million at 2022-09-30. No employee count disclosed; closure is temporary rather than a permanent workforce reduction. | ||||
| 2022-06-30 | divestiture_reduction | completed | Russia | International Operated Markets | USD 1 (billions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company completed sale of its Russian business in mid-June 2022, a total exit from the market; over 850 restaurants sold, most of which were Company-operated. Employee headcount transferred or affected is not disclosed. The $1.2 billion pre-tax charge primarily reflects write-off of net investment in Russia plus related cumulative foreign currency translation losses, not severance. | ||||
| 2022-06-30 | divestiture_reduction | completed | Russia | USD 1,200 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Russian business completed in mid-June 2022, ending the Company's presence in the market; over 850 restaurants (mostly Company-operated) were sold. The $1.2 billion pre-tax charge comprised primarily the write-off of the net investment in Russia plus related cumulative foreign currency translation losses — not severance. No employee count disclosed; Company continued paying employees and lease payments through the signed sale agreement date. | |||||
| 2022-06-30 | divestiture_reduction | completed | 2022-04-01 | Other revenues / technology business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Dynamic Yield business completed as of April 1, 2022; the Company no longer records third-party revenues from this business. A $271 million pre-tax gain was recognized for the quarter and six months. No employee count disclosed. | |||||
| 2022-03-31 | plant_closure | in_progress | 2022-03-31 | Russia and Ukraine | International Operated Markets | USD 127 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company temporarily suspended operations and closed restaurants in Russia and Ukraine (827 Company-operated restaurants) due to the military conflict. Costs include $27 million for continuation of employee salaries, lease and supplier payments, and $100 million for supply chain inventory likely to be disposed of. No employee headcount affected was disclosed. | |||
| 2021-12-31 | plant_closure | completed | All segments (Systemwide restaurant portfolio) | MD&A f5-10k / GLM-5.3-flash-HTML | 661 restaurants closed during fiscal 2021 (vs. 643 in 2020). Company-operated versus franchised split of closures is not disclosed, so workforce impact cannot be quantified; staff at franchised locations are employed by franchisees. No closure-specific severance charge disclosed. | ||||||
| 2021-12-31 | divestiture_reduction | completed | International Developmental Licensed Markets & Corporate (Apprente / McD Tech Labs) | USD 54 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Company completed the divestiture of Apprente (McD Tech Labs) in December 2021. Headcount transferred or otherwise affected is not disclosed. $54 million ($0.05 per diluted share) of strategic charges primarily related to the sale was recorded in 2021; classified as 'other' rather than severance. | |||||
| 2021-12-31 | divestiture_reduction | completed | 2021-12-31 | United States | International Developmental Licensed Markets & Corporate | USD 54 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture of Apprente (McD Tech Labs) completed in December 2021; $54 million ($0.05 per share) of strategic charges primarily related to the sale. No employee count disclosed. | |||
| 2020-12-31 | plant_closure | completed | 2020-12-31 | Global; approximately 200 of the closures in the U.S. | Restaurants (U.S. and International Operated Markets) | USD 68 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | 643 restaurants closed during fiscal 2020; approximately 200 in the U.S., over half of which were lower sales volume McDonald's in Walmart locations. Restaurant closing costs of $68 million were recorded across the U.S. and International Operated Markets. Closures span Company-operated and franchised units; employee impact not quantified. | |||
| 2020-12-31 | plant_closure | announced | 2021-02-23 | 2021-12-31 | United States | U.S. segment restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Company expects to close roughly 325 U.S. restaurants in 2021, a majority of which are lower sales volume McDonald's in Walmart locations. Disclosed in the 2020 Form 10-K outlook; employee impact not quantified. | |||
| 2020-12-31 | plant_closure | completed | 2020-12-31 | Global (approximately 200 in the U.S.) | Company-operated and franchised restaurants | USD 68 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 643 restaurants closed in 2020 (vs. 391 in 2019); about 200 U.S. closures, over half lower-volume McDonald's in Walmart locations. Higher restaurant closing costs of $68 million disclosed across the U.S. and International Operated Markets without a stated split; no employee counts given | |||
| 2020-09-30 | plant_closure | announced | 2020-12-31 | United States | U.S. | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company plans to close roughly 200 U.S. restaurants in 2020, over half lower-volume locations in Walmart stores; no associated employee count or charge disclosed. Store closing costs referenced in Other Operating (Income) Expense, Net but not quantified as workforce-related. | ||||
| 2020-09-30 | divestiture_reduction | completed | 2020-01-31 | India (Delhi market) | International Developmental Licensed Markets | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Company's Delhi market business completed January 2020; nine-month results include a $13.0 million income item mainly from reversal of a related reserve. No headcount transferred or removed is disclosed. | ||||
| 2019-12-31 | acquisition_addition | completed | 2019-04 | International Developmental Licensed Markets & Corporate | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Dynamic Yield, a personalization and decision-logic technology provider, completed April 2019; headcount added not disclosed. | |||||
| 2019-12-31 | acquisition_addition | completed | 2019-10 | International Developmental Licensed Markets & Corporate | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Apprente, a conversational-interface technology firm, completed October 2019; headcount added not disclosed. | |||||
| 2019-12-31 | acquisition_addition | completed | 2019 | India (Delhi market) | International Developmental Licensed Markets & Corporate | MD&A f5-10k / GLM-5.3-flash-HTML | Purchase of the joint venture partner's interest consolidated the India Delhi market and triggered a $99.4 million non-cash impairment; affected headcount not disclosed. | ||||
| 2019-12-31 | plant_closure | completed | 2019 | Global | Systemwide restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | System opened 1,231 and closed 391 restaurants during 2019; closures span franchised and Company-operated sites and employee impacts are not quantified. | ||||
| 2019-12-31 | acquisition_addition | completed | 2019-04 | United States | International Developmental Licensed Markets & Corporate | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Dynamic Yield acquisition completed April 2019; results reflected in the IDL & Corporate segment from acquisition date. No headcount added disclosed | ||||
| 2019-12-31 | acquisition_addition | completed | 2019-10 | United States | International Developmental Licensed Markets & Corporate | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Apprente acquisition completed October 2019; results reflected in the IDL & Corporate segment from acquisition date. No headcount added disclosed | ||||
| 2019-12-31 | plant_closure | completed | Global | System restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 391 restaurants closed during 2019 (1,231 opened); no associated workforce reduction quantified | |||||
| 2019-12-31 | restructuring | completed | Global | Corporate / G&A | USD 74 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax strategic charges of $74 million, primarily related to impairment associated with the purchase of joint venture partner's interest in India Delhi market, partly offset by gains on sales of property at former Corporate headquarters. | ||||
| 2019-06-30 | acquisition_addition | completed | United States | International Developmental Licensed Markets & Corporate | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Dynamic Yield completed in April 2019; results reflected in the International Developmental Licensed Markets & Corporate segment from acquisition date. No headcount added disclosed; exact April 2019 date not specified in filing. | |||||
| 2018-12-31 | restructuring | completed | United States | U.S. segment | USD 85 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Pre-tax strategic restructuring charge recognized in 2018 operating results within Other operating (income) expense, net; total strategic restructuring charges of $94 million, of which $85 million related to the U.S. business. Status reflects full-year charge recognition; the filing does not disclose affected-employee counts or a completion timeline. | ||||
| 2018-12-31 | restructuring | in_progress | Global (primarily United States) | Corporate and U.S. business | USD 94 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax strategic restructuring charges of $94 million ($0.09 per share) recorded in 2018, of which $85 million relates to the restructuring of the U.S. business; no employees-affected count or completion date disclosed. | ||||
| 2018-12-31 | plant_closure | completed | Global | Company-operated and franchised restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 467 restaurants closed during 2018 (929 opened in 2017 comparative excluded); closures attributed to sales/profit performance or loss of real estate tenure; no associated workforce reduction quantified. | |||||
| 2018-12-31 | divestiture_reduction | in_progress | Global | Company-operated restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Continued strategic refranchising during 2018 toward a long-term goal of approximately 95% franchised (about 93% at year-end 2018); gains on sales of restaurant businesses of $304.1 million recorded in 2018; no headcount impact quantified. | |||||
| 2018-12-31 | restructuring | completed | United States | USD 85 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pre-tax strategic restructuring charges of $94 million total, of which $85 million relates to the restructuring of the U.S. business. Employee count not disclosed. | |||||
| 2018-12-31 | restructuring | completed | 2018 | United States | Corporate | USD 85 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Pre-tax strategic restructuring charges of $94 million total, of which $85 million relates to the restructuring of the U.S. business. Employee count not disclosed. | |||
| 2018-12-31 | restructuring | completed | 2018 | Global | Corporate | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Remaining portion of the $94 million pre-tax strategic restructuring charges. Employee count not disclosed. | |||
| 2018-09-30 | restructuring | in_progress | United States | U.S. business | USD 85 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Pre-tax strategic restructuring charge of $85 million related to restructuring of the U.S. business, included in nine months 2018 results; no employee count disclosed. | ||||
| 2018-09-30 | restructuring | in_progress | USD 94 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Total pre-tax strategic restructuring charges of $94 million for the nine months ended September 30, 2018, of which $85 million relates to the U.S. business; no employee count disclosed. | ||||||
| 2018-09-30 | restructuring | in_progress | United States | U.S. business | USD 94 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax strategic restructuring charges of $94 million recorded in the nine months ended 2018-09-30, of which $85 million relates to the restructuring of the U.S. business; no employee counts, announcement date, or completion timing disclosed. Charge amount is the year-to-date total, not a quarterly figure. | ||||
| 2018-09-30 | restructuring | completed | United States | Corporate / U.S. Business | USD 85 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax strategic restructuring charges of $94 million for the nine months ended Sept 30, 2018, of which $85 million relates to the restructuring of the U.S. business. Employee count not disclosed. | ||||
| 2018-09-30 | restructuring | completed | Global | Corporate | USD 9 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Remaining portion of the $94 million pre-tax strategic restructuring charges for the nine months ended Sept 30, 2018. Employee count not disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | United States | U.S. business | USD 85 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Strategic restructuring charge of $85 million in the quarter primarily related to the previously disclosed restructuring of the U.S. business; no employee counts disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | Consolidated | USD 92 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Total pre-tax strategic restructuring charges of $92 million ($0.09 per share) in the quarter, primarily related to the U.S. business reorganization; no employee counts disclosed. | |||||
| 2018-06-30 | restructuring | in_progress | United States | U.S. business reorganization | USD 92 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax strategic restructuring charges of $92M ($0.09 per share) in Q2 2018, primarily related to the previously disclosed restructuring of the U.S. business; $85M of the charge was in the U.S. segment. No employee count disclosed. | ||||
| 2018-06-30 | other | in_progress | 2018-06-05 | 2018-12-31 | United States | U.S. business reorganization | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Amendment provides lump-sum severance and sabbatical pay for qualifying employees terminated in connection with the 2018 U.S. business reorganization, payable no later than 2018-12-31. No affected-employee count disclosed. | |||
| 2018-06-30 | restructuring | in_progress | United States | Corporate / U.S. Business | USD 92 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax strategic restructuring charges primarily related to the previously disclosed restructuring of the U.S. business. Employee count not disclosed. | ||||
| 2017-12-31 | divestiture_reduction | completed | Global | Company-operated restaurants (all segments) | MD&A f5-10k / GLM-5.3-flash-HTML | Multi-year refranchising program begun in 2015; the 4,000-restaurant target was reached in 2017, a year ahead of plan. Company-operated restaurants fell to 3,133 at year-end 2017 (from 5,669) and the system is now 92% franchised. Employee headcount impact not disclosed; restaurant staff transitioned to franchisee or licensee employers. The separately disclosed China and Hong Kong business sale is a component of this initiative. | |||||
| 2017-12-31 | divestiture_reduction | completed | 2016-12 | 2017-07-31 | China and Hong Kong | High Growth Markets | MD&A f5-10k / GLM-5.3-flash-HTML | Board approved sale of the China and Hong Kong businesses to a licensee in December 2016; completed July 31, 2017 with approximately $1.6 billion of proceeds and an approximately $850 million gain; the Company retained 20% ownership of the acquiring entity. Sold restaurants are now reported under foreign affiliated ownership. No employee headcount figures disclosed. Component of the broader refranchising initiative captured separately. | |||
| 2017-12-31 | restructuring | in_progress | 2019 | Global | Corporate / general and administrative | USD 150 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | $150 million of 2017 restructuring and non-cash impairment charges tied to global G&A and refranchising initiatives; severance and impairment components not disaggregated and no employee counts disclosed. The related G&A savings program targets $500 million of net savings (about $300 million realized cumulatively through 2017), expected to be fully realized in 2019. | |||
| 2017-12-31 | plant_closure | completed | Global | Systemwide restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | 587 restaurants closed during 2017 while 929 opened; closures attributed to existing sales and profit performance or loss of real estate tenure. Workforce impact not disclosed. | |||||
| 2017-12-31 | divestiture_reduction | completed | 2016-12-31 | 2017-07-31 | China and Hong Kong | High Growth Markets | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Company's China and Hong Kong businesses to a licensee completed 2017-07-31; Company retained 20% ownership. Approximately 2,600 restaurants transferred; no employee count disclosed for the transferred workforce. | |||
| 2017-12-31 | restructuring | in_progress | 2019-12-31 | Global | Corporate / G&A and refranchising initiatives | USD 150 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2017 charge bundles restructuring and non-cash impairment costs tied to global G&A and refranchising initiatives; no employee count disclosed. G&A savings program targets $500M net annual savings from a $2.6B base, with about $300M realized through 2017. | |||
| 2017-12-31 | restructuring | completed | Global | Corporate / G&A | USD 150 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Includes current year restructuring and non-cash impairment charges in connection with global G&A and refranchising initiatives. | ||||
| 2017-09-30 | divestiture_reduction | completed | 2016-12-01 | 2017-07-31 | China and Hong Kong | High Growth Markets | USD 850 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of over 2,700 restaurants completed July 31, 2017 for $1.6 billion cash; pre-tax gain of approximately $850 million recorded. No employee headcount figures disclosed. | ||
| 2017-09-30 | divestiture_reduction | completed | 2016-12 | 2017-07-31 | China and Hong Kong | High Growth Markets | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completed 2017-07-31; over 2,700 restaurants sold for $1.6 billion cash with an approximately $850 million pre-tax gain. No employee count disclosed; Company retained a 20% ownership stake. | |||
| 2017-06-30 | divestiture_reduction | announced | 2016-12-31 | 2017-07-31 | China and Hong Kong | High Growth Markets | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Sale of existing businesses comprising over 2,700 restaurants (about 1,800 Company-operated) to a developmental licensee; Company retains 20% ownership and expects a pre-tax gain of about $1.0 billion on $1.6 billion cash proceeds. No employee headcount figures disclosed. | |||
| 2017-06-30 | divestiture_reduction | completed | 2017-04-01 | 2017-06-30 | Taiwan | High Growth Markets | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Completed sale of existing Taiwan businesses to a developmental licensee in Q2 2017 for approximately $150 million cash proceeds; no significant gains or losses recognized. No employee headcount figures disclosed. | |||
| 2017-06-30 | divestiture_reduction | completed | 2017-06-30 | Taiwan | International restaurant operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Taiwan business to a developmental licensee completed in Q2 2017 for about $150 million cash; no significant gains or losses. No employee count disclosed. | ||||
| 2017-06-30 | divestiture_reduction | completed | 2016-12-01 | 2017-07-31 | China and Hong Kong | International restaurant operations | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of over 2,700 restaurants (about 1,800 Company-operated) to a developmental licensee completed 2017-07-31, after quarter end; Company retains 20% ownership. Expected pre-tax gain of about $1.0 billion on $1.6 billion cash proceeds. No employee count disclosed; announcement date reflects Board approval in December 2016. | |||
| 2016-12-31 | divestiture_reduction | in_progress | 2015 | 2017-12-31 | Global | Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Multi-year accelerated refranchising under the 2015 turnaround plan; target of refranchising 4,000 restaurants by end of 2017 with a long-term goal of approximately 95% franchised. Company-operated restaurants declined to 5,669 at year-end 2016 (from 6,444 a year earlier); 2016 gains on sales of restaurant businesses were $283 million. Restaurant employees transfer to franchisees or licensees; headcount impact not disclosed. The China/Hong Kong and Nordic licensee sales captured separately below are components of this program. | |||
| 2016-12-31 | divestiture_reduction | announced | 2016-12 | 2017-06 | China and Hong Kong | Company-operated restaurants | other f5-10k / GLM-5.3-flash-HTML | Board approved sale of China and Hong Kong businesses (over 2,600 restaurants, including more than 1,750 company-operated) to a developmental licensee in December 2016, publicly announced early 2017; Company retains a 20% interest. Businesses classified as held for sale at December 31, 2016; estimated proceeds approximately $1.5 billion with expected gain of roughly $700-$900 million. Restaurant employees transfer to the licensee; headcount not disclosed. | |||
| 2016-12-31 | divestiture_reduction | announced | 2017-01 | 2017-03-31 | Denmark, Finland, Norway and Sweden (Nordics) | Restaurants (vast majority operated by independent franchisees) | subsequent_events f5-10k / GLM-5.3-flash-HTML | January 2017 definitive agreement to sell Nordic businesses (nearly 450 restaurants) to a developmental licensee in connection with refranchising; completion expected around the end of Q1 2017; estimated cash proceeds approximately $450 million with no significant gain or loss expected. Restaurant employees transfer to the licensee; headcount not disclosed. | |||
| 2016-12-31 | plant_closure | completed | Global | Restaurants (all segments) | MD&A f5-10k / GLM-5.3-flash-HTML | 522 restaurants were closed during fiscal 2016 while 896 were opened; closures driven by existing sales and profit performance or loss of real estate tenure. Employee impact not quantified. | |||||
| 2016-12-31 | restructuring | in_progress | 2015 | 2018-12-31 | Global | Corporate, back-office and support functions | MD&A f5-10k / GLM-5.3-flash-HTML | Global restructuring and cost-savings program under the 2015 turnaround plan: organizational redesign eliminating management layers, increasing spans of control, centralizing non-customer-facing processes and consolidating global back-office functions, including a phased third-party transition of certain accounting transaction-processing begun in Q3 2016. Cumulative net G&A savings exceeded $200 million through 2016 against a $500 million reduction target by end of 2018 from a $2.6 billion base (a further 5-10% G&A reduction targeted by end of 2019). Part of 2016 net pre-tax impairment and other charges of $342 million related to restructuring and restaurant closings. Headcount impact not disclosed. | |||
| 2016-12-31 | restructuring | in_progress | 2015-01-01 | Global | Corporate / back-office functions | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Turnaround plan includes global restructuring and consolidation of back-office functions; over $200M of net G&A savings realized through 2016 against a $500M target by end of 2018. No employee-affected count disclosed; 2016 impairment and other charges of $342M include restructuring-related charges but are not disaggregated for workforce actions. | ||||
| 2016-12-31 | divestiture_reduction | announced | 2016-12-31 | 2017-06-30 | China and Hong Kong | High Growth Markets | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved sale of China and Hong Kong businesses (over 2,600 restaurants, including more than 1,750 company-operated) to a developmental licensee with 20% retained ownership; expected gain of $700-900M on ~$1.5B proceeds. No headcount impact quantified. | |||
| 2016-12-31 | divestiture_reduction | announced | 2017-01-26 | 2017-03-31 | Denmark, Finland, Norway, Sweden (Nordics) | Foundational Markets | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | January 2017 agreement to sell Nordics businesses (nearly 450 restaurants, vast majority franchisee-operated) to a developmental licensee; ~$450M expected cash proceeds, no significant gain or loss expected. Subsequent event disclosed after fiscal year-end. | |||
| 2016-12-31 | restructuring | completed | Global | Corporate and Back-office | USD 342 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pre-tax impairment and other charges of $342 million primarily related to goodwill impairment and other asset write-offs in conjunction with refranchising initiatives, restructuring and incremental restaurant closings. | ||||
| 2016-12-31 | restructuring | in_progress | 2015-01-01 | 2018-12-31 | Global | Corporate / General & Administrative | USD 342 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Part of turnaround plan including global restructuring and refranchising. 2016 pre-tax impairment and other charges were $342 million, primarily related to goodwill impairment and other asset write-offs. Goal to reduce net G&A by $500 million by end of 2018. | ||
| 2016-09-30 | restructuring | in_progress | Global | Corporate / G&A and refranchising initiatives | USD 128 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Pre-tax restructuring and non-cash impairment charges of $128 million in the quarter ($357 million for the nine months) related to global G&A and refranchising initiatives; no employee counts disclosed in this filing. | ||||
| 2016-09-30 | restructuring | in_progress | Global | Corporate G&A and refranchising-related functions | USD 128 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2016 pre-tax restructuring and non-cash impairment charges tied to global G&A and refranchising initiatives; no employee count disclosed. YTD charge was $357 million. | ||||
| 2016-09-30 | restructuring | in_progress | Global | Corporate G&A and refranchising-related functions | USD 357 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended September 30, 2016 restructuring and non-cash impairment charges for global G&A and refranchising initiatives; no employee count disclosed. Related to streamlining across corporate, segment and market organizations. | ||||
| 2016-09-30 | restructuring | in_progress | Global | G&A and refranchising initiatives | USD 128 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax restructuring and non-cash impairment charges for the quarter ended Sept 30, 2016. | ||||
| 2016-09-30 | restructuring | in_progress | Global | G&A and refranchising initiatives | USD 357 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax restructuring and non-cash impairment charges for the nine months ended Sept 30, 2016. | ||||
| 2016-06-30 | voluntary_separation | in_progress | 2016-06-01 | 2017-02-10 | Leadership, Senior Direction and Direction compensation bands | other f5-10q / GLM-5.3-flash-fp4-HTML | Special Voluntary Separation Window program for eligible corporate employees designated by the Chief People Officer; elections accepted by Employer treated as Covered Terminations with severance per Plan Schedules A/B. No employee counts disclosed. | ||||
| 2016-06-30 | voluntary_separation | announced | 2016-07-15 | 2017-02-10 | other f5-10q / GLM-5.3-flash-fp4-HTML | Authorizes supplemental Special Voluntary Separation Window benefit programs at the direction of the Chief People Officer and CFO; all separations under such programs must occur no later than February 10, 2017. | |||||
| 2016-06-30 | restructuring | in_progress | Corporate (G&A) and Foundational Markets | USD 230 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Approximately $230 million ($0.20 per share) of strategic charges in Q2 2016, primarily non-cash impairments tied to ongoing refranchising and G&A initiatives plus the decision to relocate the Company's headquarters; no employee counts disclosed. | |||||
| 2016-06-30 | voluntary_separation | in_progress | 2016-06-23 | 2017-02-10 | United States | Leadership, Senior Direction and Direction compensation bands | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Special Voluntary Separation Window program effective June 1, 2016; eligible employees designated by the Chief People Officer notified by June 10, 2016, acceptance decisions by August 1, 2016, separations no later than February 10, 2017. No affected-employee count or charge disclosed. | |||
| 2016-06-30 | voluntary_separation | announced | 2016-07-15 | 2017-02-10 | United States | Corporate | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter amendment permits one or more supplemental Special Voluntary Separation Window programs with substantially similar terms; all separations under such programs must occur by February 10, 2017. No employee count or charge disclosed. | |||
| 2016-06-30 | restructuring | in_progress | Global | Foundational Markets & Corporate; corporate G&A | USD 230 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately $230 million of strategic charges in Q2 2016, primarily non-cash impairment related to ongoing refranchising and G&A initiatives plus the decision to relocate headquarters; no employee-affected count disclosed. Prior-year comparison charges of $45 million (Q2 2015) and $240 million (six months 2015) not extracted. | ||||
| 2016-06-30 | voluntary_separation | announced | 2016-06-01 | 2017-02-10 | Global | Leadership, Senior Direction, Direction | other f5-10q / Qwen3.6-27B-Q8_0 | Special Voluntary Separation Window established for eligible employees in Leadership, Senior Direction, or Direction bands. Election acceptance deadline August 1, 2016; separations to occur no later than February 10, 2017. | |||
| 2015-12-31 | restructuring | in_progress | 2015-05 | 2017-12-31 | Worldwide | Corporate, segment and market organizations; primarily non-customer facing functions | USD 235 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Turnaround plan announced May 2015; worldwide restructuring and reorganization from geographic segments to new reportable segments took effect July 1, 2015. Includes streamlining of corporate, segment and market resources targeting about $500 million net annual G&A savings by end-2017 (about $150 million cumulative by end-2016, roughly half achieved in 2015). The $235.1 million of 2015 impairment and other charges also covers refranchising-related asset write-offs and $80.4 million of goodwill impairment; net strategic items reduced 2015 diluted EPS by $0.18. | ||
| 2015-12-31 | plant_closure | completed | Primarily China, Japan and the U.S. | Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | 722 restaurants closed during 2015 following a strategic review that produced additional closures of under-performing locations. Related asset write-offs, primarily in the U.S. and China, were largely offset by a $135 million gain on sale of U.S. property. No affected-employee count disclosed. | |||||
| 2015-12-31 | divestiture_reduction | in_progress | 2015 | 2018-12-31 | Global; majority of future refranchising in High Growth and Foundational markets | Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | About 470 restaurants refranchised during 2015 under a plan to refranchise about 4,000 restaurants in the four-year period ending 2018 toward a long-term goal of being 95% franchised. Restaurants shift from Company-operated to franchised status; no affected-employee count disclosed. Refranchising-related asset write-offs are included in the $235.1 million charge referenced on the restructuring record. | |||
| 2015-12-31 | restructuring | in_progress | 2015-05 | Global | Corporate and all segments | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Turnaround plan announced May 2015; worldwide organizational restructuring from geographic segments to four new segments effective 2015-07-01. No employee-impact count or severance amount disclosed; 2015 strategic charges (impairment and other charges of $235.1M) bundled goodwill/asset write-offs with restructuring and restaurant-closing costs. | ||||
| 2015-12-31 | plant_closure | completed | Global (primarily China, Japan and the U.S.) | Company-operated and franchised restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 722 restaurants closed during 2015 (vs. 487 in 2014) following a strategic review of under-performing restaurants; associated workforce reduction not quantified in the filing. | |||||
| 2015-12-31 | other | in_progress | 2015-05 | 2018-12-31 | Global (majority in High Growth and Foundational markets) | Restaurant ownership mix optimization | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Refranchising program: about 470 restaurants refranchised during 2015 within a program of about 4,000 restaurants over the four-year period ending 2018; workforce implications not quantified. | |||
| 2015-12-31 | restructuring | completed | 2015-05-01 | Global | Corporate and Segment Organizations | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Worldwide restructuring announced in May 2015, effective July 2015. Resulted in reorganization from geographic structure to segments. Specific employee count not disclosed, but charges recorded for restructuring activities. | ||||
| 2015-12-31 | plant_closure | completed | China, Japan, U.S. | Restaurant Operations | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Incremental restaurant closings primarily in China, Japan and the U.S. resulted in asset write-offs and strategic charges. Specific employee count not disclosed. | |||||
| 2015-09-30 | restructuring | in_progress | 2015-05-01 | Global | Corporate / all segments | USD 240 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Approximately $240 million of pre-tax strategic charges incurred during the first half of 2015, including store closing costs, restructuring charges and asset write-offs tied to the refranchising initiative and closure of under-performing restaurants, mostly in the U.S. and China. No employee headcount figures disclosed. | |||
| 2015-09-30 | restructuring | completed | 2015-05-01 | 2015-07-01 | Global | Corporate | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Worldwide organizational restructuring effective July 1, 2015, moving from geographic segments to new market-based segments; included centralization of certain market support expenses into Corporate. No headcount impact quantified. | |||
| 2015-09-30 | restructuring | in_progress | Global (primarily U.S. and China) | Company-operated restaurants / refranchising initiative | USD 240 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately $240 million of pre-tax strategic charges incurred in the first half of 2015 for store closing costs, restructuring charges and asset write-offs tied to the refranchising initiative. No employee counts disclosed. | ||||
| 2015-09-30 | plant_closure | in_progress | U.S. and China | Company-operated restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to close under-performing restaurants, mostly in the U.S. and China; asset write-offs recorded. No closure count or employee count disclosed. | |||||
| 2015-09-30 | restructuring | completed | 2015-05-01 | Global | Corporate and International Segments | USD 240 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Approximately $240 million of pre-tax strategic charges incurred during the first half of 2015, primarily related to store closing costs, restructuring charges and other asset write-offs as part of the refranchising initiative. Specific employee counts affected are not disclosed. | |||
| 2015-06-30 | restructuring | in_progress | 2015-05-04 | Global | Worldwide business restructuring into four segments effective July 1, 2015 | USD 45 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Second quarter restructuring charges of approximately $45 million to optimize the global operating structure in connection with the turnaround plan announced in early May 2015. No employee counts disclosed. | |||
| 2015-06-30 | restructuring | in_progress | 2015-05-04 | Primarily United States and China | Company-operated restaurants | USD 195 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | First quarter strategic charges of $195 million related to asset write-offs from the decision to close under-performing restaurants, mostly in the U.S. and China, other asset write-offs as part of the refranchising initiative, and U.S. restructuring charges. No employee counts disclosed. | |||
| 2015-06-30 | restructuring | announced | 2015-05-04 | 2018-12-31 | Global | Refranchising of about 3,500 restaurants | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Turnaround plan includes refranchising about 3,500 restaurants to reach approximately 90% franchised by end of 2018 and approximately $300 million in net annual SG&A savings by end of 2017. Employee counts not disclosed. | |||
| 2015-06-30 | restructuring | in_progress | 2015-05-04 | Worldwide | Corporate / global operating structure | USD 45 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Worldwide restructuring into four segments announced May 4, 2015; Q2 charge about $45M to optimize global operating structure. No employee count disclosed. | |||
| 2015-06-30 | restructuring | in_progress | 2015-05-04 | United States; China | Company-operated restaurants; refranchising initiative | USD 195 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | First-quarter strategic charges included in YTD: asset write-offs from closing under-performing restaurants (mostly U.S. and China), refranchising-related write-offs, and U.S. restructuring charges. No employee count disclosed. | |||
| 2015-06-30 | restructuring | in_progress | 2015-05-04 | Global | Corporate / Global Operating Structure | USD 45 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Second quarter strategic charges of $45 million incurred to optimize global operating structure in connection with turnaround plan announced May 4, 2015. Employee count not disclosed. | |||
| 2015-06-30 | restructuring | completed | 2015-01-01 | Global | Corporate / Asset Write-offs | USD 195 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | First quarter strategic charges of $195 million related to asset write-offs from closing under-performing restaurants (mostly US and China), other asset write-offs from refranchising, and US restructuring charges. Employee count not disclosed. | |||
| 2015-03-31 | restructuring | in_progress | 2015-05-04 | 2015-07-01 | Worldwide | Corporate organizational structure | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Worldwide business restructuring combining markets into four new segments effective July 1, 2015; no employee counts disclosed. | |||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | 2018-12-31 | Global | Restaurant ownership mix | USD 85 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Refranchising initiative to move from 81% to about 90% franchised by end of 2018 via refranchising roughly 3,500 restaurants; $85 million of asset write-offs recognized in Q1 2015. | ||
| 2015-03-31 | plant_closure | in_progress | 2015-03-31 | Primarily United States and China | Company-operated restaurants | USD 72 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closure of about 220 under-performing restaurants decided by management; asset write-offs of $72 million recognized in Q1 2015; no employee counts disclosed. | |||
| 2015-03-31 | plant_closure | in_progress | 2015-03-31 | Japan | McDonald's Japan (foreign affiliate) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | McDonald's Japan decision to close about 130 under-performing restaurants; part of the $72 million asset write-off charge; no employee counts disclosed. | ||||
| 2015-03-31 | restructuring | in_progress | 2015-03-31 | United States | U.S. management organization | USD 38 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Restructuring charges to create a flatter, more efficient U.S. organization; no employee counts disclosed. | |||
| 2015-03-31 | restructuring | in_progress | United States | Corporate / G&A | USD 38 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of $195M in Q1 strategic charges; U.S. restructuring to create a flatter, more efficient organization. No employee count disclosed. | ||||
| 2015-03-31 | plant_closure | in_progress | United States and China | Company-operated restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to close about 220 under-performing restaurants; $72M of asset write-offs shared with the Japan closures. Restaurant closures are in addition to 350 planned global closures. No employee count disclosed. | |||||
| 2015-03-31 | plant_closure | in_progress | Japan | Company-operated restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | McDonald's Japan decision to close about 130 restaurants; part of the $72M asset write-off. No employee count disclosed. | |||||
| 2015-03-31 | restructuring | in_progress | Global | Refranchising initiative | USD 85 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Asset write-offs tied to the previously announced refranchising initiative and other charges; part of $195M strategic charges. No employee count disclosed. | ||||
| 2015-03-31 | restructuring | announced | 2015-05-04 | 2017-12-31 | Global | Corporate / G&A | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Worldwide business restructuring announced May 4, 2015 reorganizing into four segments effective July 1, 2015; targets about $300M net annual G&A savings, most by end of 2017. No employee count disclosed. | |||
| 2015-03-31 | restructuring | completed | 2015-03-31 | United States | Corporate | USD 38 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges in connection with initiative to create a flatter, more efficient organization. Employee count not disclosed. | |||
| 2015-03-31 | plant_closure | completed | 2015-03-31 | United States and China | Restaurant Operations | USD 72 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Asset write-offs related to decision to close about 220 under-performing restaurants. Employee count not disclosed. | |||
| 2015-03-31 | plant_closure | completed | 2015-03-31 | Japan | Restaurant Operations | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Decision by McDonald's Japan to close about 130 restaurants. Included in broader strategic charges; specific charge amount for Japan not isolated. | ||||
| 2015-03-31 | restructuring | completed | 2015-03-31 | Global | Restaurant Operations | USD 85 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Asset write-offs related to previously-announced refranchising initiative and other charges. Employee count not disclosed. | |||
| 2015-03-31 | restructuring | announced | 2015-05-04 | 2018-12-31 | Global | Corporate | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Worldwide business restructuring announced May 4, 2015, effective July 1, 2015. Includes refranchising ~3,500 restaurants by end of 2018 and delivering ~$300M in net annual G&A savings. | |||
| 2014-12-31 | divestiture_reduction | in_progress | 2014-05 | 2016-12-31 | Global; primarily APMEA and Europe | Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Multi-year 2014-2016 plan announced in May 2014 to refranchise at least 1,500 restaurants to conventional franchisees and developmental licensees, supporting the $18-$20 billion cash return target; over 400 restaurants were refranchised in 2014, primarily in APMEA and Europe. Program is framed in restaurant counts; employee impacts are not quantified. Current-fiscal-year portion of an ongoing program is captured here. | |||
| 2014-12-31 | plant_closure | completed | 2014 | 2014-12-31 | Global; majority in major markets | Systemwide restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | 487 restaurants were closed during 2014: 317 traditional restaurants and 170 satellite restaurants. The ownership mix (Company-operated vs franchised) of closed units is not specified, and employee impacts are not quantified. | |||
| 2014-12-31 | restructuring | announced | 2014 | United States | U.S. segment — management and organizational structure | MD&A f5-10k / GLM-5.3-flash-HTML | Narrative disclosure that in 2014 the Company announced actions to create a flatter, more nimble U.S. organization placing greater decision making and accountability closer to the customer; no headcount, charge, or completion timeline quantified. | ||||
| 2014-12-31 | plant_closure | completed | Global | Company-operated and franchised restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 317 traditional restaurants closed during 2014; closures cited for sales/profit performance or loss of real estate tenure. Employee impact not quantified. | |||||
| 2014-12-31 | plant_closure | completed | Global | Satellite restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 170 satellite restaurants (small, limited-menu units) closed during 2014. Employee impact not quantified. | |||||
| 2014-12-31 | divestiture_reduction | in_progress | 2014-05-01 | 2016-12-31 | Primarily APMEA and Europe | Company-operated restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year refranchising program of at least 1,500 restaurants for 2014-2016; over 400 restaurants refranchised in 2014 (current-year activity). Restaurant counts only; no employee counts disclosed. | |||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | Worldwide | Company-operated and franchised restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | In 2011 the Company closed 246 traditional restaurants and 131 satellite restaurants; closures were for reasons such as sales/profit performance or loss of real estate tenure. No associated employee-impact count disclosed. | ||||
| 2010-12-31 | plant_closure | completed | Japan | APMEA | USD 39 (millions) | other f5-10k / GLM-5.3-flash-HTML | Over 400 restaurant closures in McDonald's Japan under a first-quarter 2010 strategic review of the market's restaurant portfolio. Japan is a 50%-owned affiliate accounted for under the equity method; affected employee counts were not disclosed. Charge is the Company's share of restaurant closing costs; narrative describes it as after tax, while the segment footnote presents it within APMEA operating income. This filing (FY2010) predates the Reg S-K Item 101(c) human capital disclosure requirement, so most workforce-composition, turnover, training, and safety metrics are not disclosed anywhere in the document. | ||||
| 2010-12-31 | plant_closure | completed | Japan | APMEA | USD 39 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Over 400 restaurants closed in McDonald's Japan (50%-owned affiliate) following a first-quarter 2010 strategic review of the market's restaurant portfolio; charge is the Company's after-tax share of restaurant closing costs. Announcement date not stated; occurred in Q1 2010. No employee headcount impact disclosed. | ||||
| 2010-09-30 | plant_closure | in_progress | 2010-01-01 | 2011-06-30 | Japan | APMEA (McDonald's Japan, 50%-owned affiliate) | USD 37 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | McDonald's Japan plans to close approximately 430 restaurants by mid-2011 following a strategic review of the market's restaurant portfolio. Charge is the Company's after-tax share of restaurant closing costs (asset writeoffs and lease termination costs); no employee headcount affected was disclosed. | ||
| 2010-09-30 | plant_closure | in_progress | 2010-03-31 | 2011-06-30 | Japan | McDonald's Japan (50%-owned affiliate) | USD 37 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | After-tax charge for the Company's share of closing costs for approximately 430 restaurants; announced in Q1 2010 as part of a portfolio strategic review. No employee count disclosed. | ||
| 2010-09-30 | plant_closure | in_progress | 2010-03-31 | 2011-06-30 | Japan | McDonald's Japan (Affiliate) | USD 37 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | McDonald's Japan announced plans to close approximately 430 restaurants by mid-2011. The Company recorded after-tax impairment charges of $36.8 million for the nine months ended Sept 30, 2010, related to its share of restaurant closing costs. Employee count affected is not disclosed. | ||
| 2010-06-30 | plant_closure | in_progress | 2010-01-01 | 2011-06-30 | Japan | APMEA (McDonald's Japan, 50%-owned affiliate) | USD 35 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | McDonald's Japan plans to close approximately 430 restaurants by mid-2011 following a strategic review of the market's restaurant portfolio. Company recorded after-tax impairment charges of $35.3 million for the six months ended June 30, 2010 for its share of restaurant closing costs, primarily asset writeoffs and lease termination costs. Employee headcount affected not disclosed. | ||
| 2010-06-30 | plant_closure | in_progress | 2011-06-30 | Japan | McDonald's Japan (50%-owned affiliate) | USD 35 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in first quarter 2010 (exact date not disclosed) to close about 430 restaurants by mid-2011; $35.3M after-tax charge for the Company's share of closing costs (asset write-offs and lease terminations). No employee count disclosed; charge relates to restaurant closings, not severance. | |||
| 2010-06-30 | plant_closure | announced | 2010-03-31 | 2011-06-30 | Japan | McDonald's Japan (Affiliate) | USD 35 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | McDonald's Japan announced plans to close approximately 430 restaurants by mid-2011. The Company recorded after-tax impairment charges of $35.3 million related to its share of restaurant closing costs. Employee count affected is not disclosed. | ||
| 2010-03-31 | plant_closure | in_progress | 2010-01-01 | 2011-06-30 | Japan | APMEA (McDonald's Japan, 50%-owned affiliate) | USD 30 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | McDonald's Japan plans to close approximately 430 restaurants by mid-2011 following a strategic review of the market's restaurant portfolio. Company recorded $30.0 million after-tax impairment charges in Q1 2010 for its share of restaurant closing costs, primarily asset writeoffs and lease termination costs. No employee headcount affected was disclosed. | ||
| 2010-03-31 | plant_closure | in_progress | 2011-06-30 | Japan | McDonald's Japan (50%-owned affiliate) | USD 30 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program to close approximately 430 restaurants by mid-2011; $30.0M after-tax charge for the Company's share of restaurant closing costs (asset write-offs and lease terminations). No employee count disclosed. | |||
| 2010-03-31 | plant_closure | in_progress | 2010-03-31 | 2011-06-30 | Japan | McDonald's Japan (Affiliate) | USD 30 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | McDonald's Japan plans to close approximately 430 restaurants by mid-2011. Company recorded after-tax impairment charges of $30.0 million for its share of closing costs. Employee count affected is not disclosed. | ||
| 2009-12-31 | plant_closure | announced | Japan | APMEA — McDonald's Japan (50%-owned equity-method affiliate) | USD 40 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Approximately 430 restaurant closures planned in conjunction with a strategic review of the affiliate's real estate portfolio; closures expected over the 12–18 months following announcement (extending into fiscal 2011). Impairment charge disclosed as a range of approximately $40 million to $50 million after tax (low end captured), primarily in first half 2010. Affected restaurants are operated by the 50%-owned affiliate accounted for under the equity method, so affected employees are affiliate (not consolidated) personnel and are not part of the 385,000 consolidated headcount. Company expects the Japan closings to be reflected in ~325 net restaurant additions in 2010. | ||||
| 2009-12-31 | plant_closure | completed | 2009-12-31 | Global | Company-operated and franchised restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2009 the Company closed 215 traditional and 142 satellite restaurants (357 total); associated workforce impact not disclosed | ||||
| 2009-12-31 | divestiture_reduction | completed | 2009-12-31 | Major markets (U.S., Europe, Canada) | Company-operated restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 1,100 restaurants refranchised over combined 2008-2009 (figure not separable by year); gains on sales of restaurant businesses of $113.3 million in 2009; headcount impact not disclosed | ||||
| 2009-12-31 | plant_closure | announced | Japan | McDonald's Japan (50%-owned affiliate) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | McDonald's Japan announced plans to close approximately 430 restaurants over the next 12-18 months as part of a real estate portfolio review; expected after-tax impairment charges of $40 million to $50 million, primarily in the first half of 2010; announcement date not stated in filing | |||||
| 2008-12-31 | divestiture_reduction | in_progress | 2010-12-31 | Primarily major markets, including the U.S., U.K. and Germany | Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Refranchising program: three-year target (set in 2007) to refranchise 1,000–1,500 Company-operated restaurants during 2008–2010; about 675 refranchised in 2008, raising franchised share of restaurants to 80% from 78% at year-end 2007. Affected restaurant staff move to franchisee payroll; no employee count disclosed. 2008 included $126.5 million of gains on sales of restaurant businesses tied to this strategy. | ||||
| 2008-12-31 | plant_closure | completed | Worldwide; more than 75% of closings occurred in major markets | Restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Closed 209 traditional and 196 satellite restaurants during 2008 (405 total; 590 net additions after 995 openings). No employee counts associated with the closures were disclosed. | |||||
| 2008-12-31 | restructuring | completed | Greece | Europe segment — market restructuring | USD 6 (millions) | other f5-10k / GLM-5.3-flash-HTML | 2008 impairment and other charges, net of $6.0 million pretax (primarily this item) related to market restructuring costs in Greece; no headcount or severance detail disclosed. | ||||
| 2008-12-31 | restructuring | completed | Greece | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 pretax impairment and other charges, net of $6 million related to market restructuring costs in Greece; no employee count disclosed | |||||
| 2008-12-31 | restructuring | completed | 2008-01-01 | 2008-12-31 | Greece | USD 6 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Charges primarily related to market restructuring costs in Greece. | |||
| 2008-12-31 | restructuring | completed | 2008 | Greece | USD 6 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges primarily related to market restructuring costs in Greece. Employee count not disclosed. | ||||
| 2008-09-30 | divestiture_reduction | in_progress | 2010-12-31 | Primarily major markets | Company-operated restaurants | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Refranchising program targets 1,000 to 1,500 Company-operated restaurants by end of 2010; about 425 restaurants refranchised in the first nine months of 2008. Disclosed in restaurant counts, not employee headcount. | ||||
| 2008-06-30 | divestiture_reduction | in_progress | 2010-12-31 | Primarily major markets | Company-operated restaurants | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company expects to refranchise 1,000 to 1,500 Company-operated restaurants by end of 2010; about 300 restaurants refranchised in first half of 2008. No employee headcount figures disclosed. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-04-17 | 2007-08 | Latin America and the Caribbean — Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries (18 markets) | Other Countries & Corporate (Latam) | USD 1,665 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Board approval and held-for-sale classification dated 2007-04-17; 1,571 restaurants transitioned to a developmental licensee in August 2007, with the Company thereafter collecting roughly a 5% royalty. Employee headcount affected not disclosed. Charge is the impairment (headline described as $1.7 billion, substantially all noncash); net operating-income impact for the year was $1,641 million. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-08 | United States | Other Countries & Corporate — Boston Market (Company-operated restaurants) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Investment sold in the third quarter of 2007 for roughly $250 million of proceeds with a $68.6 million after-tax gain; results moved to discontinued operations. About 50 sites were retained, mostly for conversion to McDonald's restaurants. Employee headcount not disclosed. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007 | Europe — five small markets | Europe | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 24 restaurants transitioned to developmental licensees during 2007. Footnote cites a $14.1 million net gain on three-market transfers, partly offset by a loss on one anticipated transfer; employee count not disclosed. | ||||
| 2007-12-31 | divestiture_reduction | announced | Primarily major markets | Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Multi-year plan, subject to identifying qualified franchisees, to refranchise 1,000–1,500 Company-operated restaurants over the next three or more years, which shifts site staffing out of the consolidated workforce. Employee impact not quantified. | |||||
| 2007-12-31 | divestiture_reduction | completed | 2007-04-17 | 2007-08-31 | Latin America and the Caribbean (18 markets) | Other Countries & Corporate | USD 1,670 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of businesses in 18 markets to a developmental licensee; 1,571 restaurants transitioned. Charge is impairment and other charges, not severance; employee counts not disclosed. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-08-31 | United States | Boston Market | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Boston Market investment in August 2007; approximately 50 sites retained. Employee counts not disclosed. | ||||
| 2007-12-31 | other | completed | 2007-12-31 | Europe | Other Countries & Corporate | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Transfer of ownership interest in three European markets plus one small market to developmental licensees; net gain of $14.1 million. Employee counts not disclosed. | ||||
| 2007-12-31 | other | completed | 2007-12-31 | Canada | Product development | USD 16 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Write-off of assets associated with Toasted Deli Sandwich products; employee counts not disclosed. | |||
| 2007-09-30 | divestiture_reduction | completed | 2007-04-17 | 2007-09-30 | Latin America and Caribbean (Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries) | Latin America | USD 1,700 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Latam businesses (nearly 1,600 restaurants) to a developmental licensee; $1.6 billion impairment charge in Q2 2007 plus $53 million in Q3. Employee headcount affected not disclosed. | ||
| 2007-09-30 | divestiture_reduction | completed | 2007-08-01 | 2007-08-31 | United States | Boston Market (discontinued operations) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Sold investment in Boston Market for approximately $250 million, recording a $68.6 million after-tax gain. Employee headcount affected not disclosed. | |||
| 2007-09-30 | divestiture_reduction | completed | 2007-04-17 | 2007-08 | Latin America and the Caribbean (Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries) | Latin America segment — nearly 1,600 restaurants converted to developmental licensee | USD 1,667 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to a developmental licensee; no employee count disclosed. Charges include $892M book-value loss and $773M FX translation losses; $53M additional charges in Q3. Company retains royalty income stream, so not treated as discontinued operations. | ||
| 2007-09-30 | divestiture_reduction | completed | 2007-08 | 2007-08 | United States | Boston Market (reported in discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Investment in Boston Market sold August 2007 for approximately $250 million proceeds; $68.6M after-tax gain recorded. No employee count disclosed. | |||
| 2007-06-30 | divestiture_reduction | completed | 2007-04-17 | Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries in Latin America and the Caribbean (Latam) | Latin America segment | USD 1,600 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale of existing Latam businesses (~1,600 restaurants) to a developmental licensee; impairment charge of ~$1.6 billion, substantially all noncash, including ~$830 million book-value-to-proceeds difference and ~$780 million accumulated currency translation losses; tax benefit of $12.8 million. Employee headcount affected not disclosed. Transaction completed in early August 2007. | |||
| 2007-06-30 | divestiture_reduction | announced | 2007-07 | 2007-09-30 | Corporate & Other segment (Boston Market) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Board authorized disposal of Boston Market investment in July 2007; definitive sale agreement signed early August 2007, expected to close in Q3 2007 with no loss expected. Boston Market assets of $180.0 million and liabilities of $89.1 million at June 30, 2007. Employee headcount affected not disclosed. | ||||
| 2007-06-30 | divestiture_reduction | completed | 2007-04-17 | 2007-08-31 | Latin America and the Caribbean (Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries) | Latin America segment — approximately 1,600 restaurants sold to a developmental licensee organization | USD 1,600 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved sale on 2007-04-17; assets deemed held for sale, triggering an approximately $1.6 billion impairment charge (substantially noncash, including ~$830M book-value shortfall and ~$780M accumulated translation losses). Transaction closed in early August 2007; no employee count disclosed. Restaurants convert to licensee-operated under a 20-year master franchise agreement. | ||
| 2007-06-30 | divestiture_reduction | announced | 2007-07-31 | 2007-09-30 | United States | Corporate & Other segment — Boston Market | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board authorized disposal in July 2007; Boston Market deemed held for sale and will be reported as discontinued operations beginning Q3 2007. Definitive sale agreement signed in early August 2007; no loss expected. Total assets $180.0M and total liabilities $89.1M at June 30, 2007. No employee count disclosed. | |||
| 2007-03-31 | divestiture_reduction | announced | 2007-04-17 | Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries in Latin America and the Caribbean (Latam) | Latin America segment | USD 2 (billions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Sale of nearly 1,600 restaurants to a developmental licensee organization led by Woods Staton; expected ~$700 million cash proceeds. Impairment charge of ~$1.6 billion (substantially noncash) includes ~$800 million book-value-versus-proceeds difference and ~$825 million of accumulated currency translation losses. Employee headcount affected not disclosed; depreciation on Latam assets ceases as of April 17, 2007. Transaction expected to close within a few months. | |||
| 2007-03-31 | divestiture_reduction | announced | 2007-04-17 | Latin America and the Caribbean (Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries) | Latin America segment — approximately 1,600 restaurants | USD 1,600 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved sale of Latam businesses to a developmental licensee organization; ~$1.6B impairment expected in Q2 2007, substantially noncash. No employee count disclosed; transaction expected to close within a few months. | |||
| 2007-03-31 | divestiture_reduction | announced | 2008-12-31 | Primarily APMEA and some small European markets | Approximately 600 restaurants to be converted to developmental license | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing program to convert ~600 additional restaurants to developmental license structure by end of 2008; net book value under $500M. No employee counts disclosed. | ||||
| 2007-03-31 | divestiture_reduction | announced | 2007-04-17 | Latin America and the Caribbean | Latin America | USD 1,600 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Board approved sale of Latam operations (nearly 1,600 restaurants) to developmental licensee. Impairment charge of approx $1.6 billion expected in Q2 2007. Employee count not explicitly disclosed. | |||
| 2006-12-31 | divestiture_reduction | completed | Four markets (not named) | McDonald's restaurants converted to developmental licensees | USD 36 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Transfers completed during 2006; MD&A states 121 restaurants in four markets moved to developmental licensees with pretax losses of about $36 million; headcount impact not disclosed. | ||||
| 2006-12-31 | divestiture_reduction | announced | 2008-12-31 | Primarily Latin America and APMEA | Primarily Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | About 2,300 restaurants (roughly 75% Company-operated) identified for transition to developmental licensees; ~$3 billion net investment including ~$800 million accumulated currency translation losses not expected to be recovered; aggregate loss expected to be significant; intent to complete transactions by end of 2008. | ||||
| 2006-12-31 | plant_closure | completed | United Kingdom | Europe segment — Company-operated restaurants | USD 35 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Closings of certain underperforming restaurants as part of an overall restaurant portfolio review; charges recorded in first quarter 2006 per MD&A; number of restaurants and employees affected not disclosed. | ||||
| 2006-12-31 | divestiture_reduction | announced | Russia | Supply chain operations | USD 13 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Pretax loss recorded in 2006 for the decision to dispose of supply chain operations in Russia; headcount impact not disclosed. | ||||
| 2006-12-31 | divestiture_reduction | completed | 2006-10 | Chipotle Mexican Grill (discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Entire investment in Chipotle disposed during 2006 via public stock offerings and an October 2006 tax-free exchange of remaining shares for McDonald's common stock; $653 million of net-of-tax gains recorded in discontinued operations; employee count removed through the divestiture not disclosed. | |||||
| 2006-12-31 | divestiture_reduction | completed | 2006-10-31 | 2006-10-31 | United States | Chipotle Mexican Grill (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Full disposition completed October 2006 through share sales and a tax-free exchange of remaining Chipotle shares for 18.6 million McDonald's shares. No employee count disclosed. | |||
| 2006-12-31 | other | completed | 2006-12-31 | 2006-12-31 | Latin America; APMEA | Developmental license conversions (approximately 2,300 restaurants identified for transition) | USD 36 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2006 the Company transferred 121 restaurants in four markets to developmental licensees and recorded pretax losses of $36 million. Charge relates to asset losses, not severance. Company intends to complete conversions of the identified restaurants by end of 2008. | ||
| 2006-12-31 | plant_closure | completed | 2006-03-31 | 2006-12-31 | United Kingdom | Europe segment — Company-operated restaurants | USD 35 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closing of certain U.K. restaurants in conjunction with an overall restaurant portfolio review; charges recorded in Q1 2006 and through the year. Company-operated share of U.K. restaurants reduced from 63% to 54% during 2006 via sales to franchisees and affiliates. No employee count disclosed. | ||
| 2006-12-31 | other | completed | 2006-12-31 | 2006-12-31 | Brazil | Latin America segment — franchisee buyouts | USD 29 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Costs to buy out certain litigating franchisees in Brazil. No employee count disclosed. | ||
| 2006-12-31 | divestiture_reduction | announced | 2006-12-31 | Russia | Supply chain operations | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Loss recorded in 2006 on the decision to dispose of Russian supply chain operations; disposal not yet completed as of year end. No employee count disclosed. | |||
| 2006-12-31 | restructuring | completed | United Kingdom | Company-operated restaurants | USD 35 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Closing of certain restaurants in conjunction with overall restaurant portfolio review. | ||||
| 2006-12-31 | restructuring | completed | Brazil | Franchise operations | USD 29 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Costs to buy out certain litigating franchisees. | ||||
| 2006-12-31 | restructuring | completed | Russia | Supply chain | USD 13 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Loss related to decision to dispose of supply chain operations. | ||||
| 2006-12-31 | restructuring | completed | APMEA | Various | USD 18 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Asset write-offs and other charges. | ||||
| 2006-12-31 | restructuring | completed | Various | Developmental license transitions | USD 36 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Losses incurred on transfers of ownership interest in certain markets to developmental licensees. | ||||
| 2006-09-30 | plant_closure | completed | United Kingdom | Europe segment - Company-operated restaurants | USD 42 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closing of 25 restaurants in the U.K. in conjunction with an overall restaurant portfolio review; charge recorded in the nine months ended September 30, 2006. Employee count not disclosed. | ||||
| 2006-09-30 | divestiture_reduction | completed | Thailand | APMEA segment | USD 22 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Loss on transfer of the Company's ownership interest in Thailand to a developmental licensee; $7.1 million of the loss occurred in Q3 2006. Employee count not disclosed. | ||||
| 2006-09-30 | divestiture_reduction | completed | Bulgaria | Europe segment | USD 8 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Loss on transfer of the Company's ownership interest in Bulgaria to a developmental licensee, recorded in the nine months ended September 30, 2006. Employee count not disclosed. | ||||
| 2006-09-30 | other | completed | Brazil | Latin America segment | USD 29 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Costs to buy out certain litigating franchisees in Brazil, recorded in the nine months ended September 30, 2006. Employee count not disclosed. | ||||
| 2006-09-30 | divestiture_reduction | completed | 2006-10-01 | United States | Other segment - Chipotle Mexican Grill | USD 500 (millions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Complete separation from Chipotle via tax-free exchange of remaining 16.5 million Chipotle class B shares for 18.6 million McDonald's shares; tax-free gain of about $500 million to be recorded in Q4 2006. Chipotle results to be presented as discontinued operations from Q4 2006. Employee count not disclosed. | |||
| 2006-09-30 | plant_closure | completed | United Kingdom | Europe segment — Company-operated restaurants | USD 42 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | 25 underperforming U.K. restaurants closed in Q1 2006 as part of a broader restaurant portfolio review; no employee count disclosed. | ||||
| 2006-09-30 | divestiture_reduction | completed | Thailand | APMEA segment | USD 22 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Transfer of ownership interest to a developmental licensee; additional loss recorded in Q3 2006. No employee count disclosed. | ||||
| 2006-09-30 | divestiture_reduction | completed | Bulgaria | Europe segment | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Transfer of ownership interest to a developmental licensee during the nine months ended 2006-09-30. No employee count disclosed. | ||||
| 2006-09-30 | divestiture_reduction | announced | United States | Other segment — Chipotle Mexican Grill | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | In October 2006 McDonald's completed a tax-free exchange of its remaining 16.5M Chipotle class B shares for 18.6M McDonald's shares, fully separating from Chipotle; a tax-free gain of about $500M expected in Q4 2006. Chipotle results to be reclassified as discontinued operations beginning Q4 2006. No employee count disclosed. | |||||
| 2006-09-30 | plant_closure | completed | United Kingdom | Company-operated restaurants | USD 42 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closing of 25 restaurants in conjunction with overall restaurant portfolio review. Employee count not disclosed. | ||||
| 2006-09-30 | restructuring | completed | Thailand | APMEA | USD 22 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Loss on transfer of ownership interest to developmental licensee. Employee count not disclosed. | ||||
| 2006-09-30 | restructuring | completed | Bulgaria | Europe | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Loss on transfer of ownership interest to developmental licensee. Employee count not disclosed. | ||||
| 2006-09-30 | other | completed | Brazil | Latin America | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs to buy out certain litigating franchisees. Employee count not disclosed. | ||||
| 2006-09-30 | restructuring | completed | South Korea | APMEA | USD 7 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Goodwill impairment charge. Employee count not disclosed. | ||||
| 2006-06-30 | plant_closure | completed | United Kingdom | Europe segment - restaurant portfolio review | USD 42 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closing of 25 restaurants in the U.K. in conjunction with an overall restaurant portfolio review; charge recorded in first quarter 2006. Employee count not disclosed. | ||||
| 2006-06-30 | other | completed | Brazil | Latin America segment - franchisee buyout | USD 29 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Costs to buy out certain litigating franchisees in Brazil, recorded in first quarter 2006. Employee count not disclosed. | ||||
| 2006-06-30 | divestiture_reduction | completed | Bulgaria | Europe segment - sale to developmental licensee | USD 8 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Impairment charge on the sale of Bulgaria to a developmental licensee, recorded in first quarter 2006. Employee count not disclosed. | ||||
| 2006-06-30 | divestiture_reduction | in_progress | APMEA (small market) | APMEA segment - anticipated sale to developmental licensee | USD 15 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Second quarter 2006 impairment charge on the anticipated sale of a small market in APMEA to a developmental licensee. Employee count not disclosed. | ||||
| 2006-06-30 | other | completed | APMEA | APMEA segment - asset write-offs | USD 15 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Asset write-offs and other charges primarily in APMEA: $7.4 million in second quarter 2006 and $7.5 million in first quarter 2006. Employee count not disclosed. | ||||
| 2006-06-30 | plant_closure | completed | United Kingdom | Company-operated restaurants | USD 42 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closing of 25 U.K. restaurants as part of a restaurant portfolio review; charge recorded in first quarter 2006. No employee count disclosed. | ||||
| 2006-06-30 | divestiture_reduction | completed | Bulgaria | Europe segment | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Impairment charge on sale of Bulgaria market to a developmental licensee; recorded in first quarter 2006. No employee count disclosed. | ||||
| 2006-06-30 | divestiture_reduction | announced | Asia/Pacific, Middle East and Africa | APMEA segment | USD 15 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Impairment on anticipated sale of a small APMEA market to a developmental licensee; charge recorded in second quarter 2006. No employee count disclosed. | ||||
| 2006-06-30 | plant_closure | completed | United Kingdom | Europe | USD 42 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closing of 25 restaurants in conjunction with overall restaurant portfolio review. Employee count not disclosed. | ||||
| 2006-06-30 | restructuring | completed | Brazil | Latin America | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs to buy out certain litigating franchisees. Employee count not disclosed. | ||||
| 2006-06-30 | restructuring | completed | Bulgaria | Europe | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Impairment charge on sale to developmental licensee. Employee count not disclosed. | ||||
| 2006-06-30 | restructuring | completed | Asia/Pacific, Middle East and Africa | APMEA | USD 15 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Impairment charge on anticipated sale of small market to developmental licensee. Employee count not disclosed. | ||||
| 2006-03-31 | plant_closure | completed | United Kingdom | Europe segment - restaurant portfolio | USD 42 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closure of 25 restaurants in the U.K. as part of an overall restaurant portfolio review; no employee headcount affected was disclosed. | ||||
| 2006-03-31 | plant_closure | in_progress | United Kingdom | Company-operated restaurants | USD 42 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closing of 25 U.K. restaurants as part of a restaurant portfolio review; no employee count or completion date disclosed. | ||||
| 2006-03-31 | divestiture_reduction | announced | Europe | Other (non-U.S./Europe/APMEA/LatAm/Canada markets) | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Impairment on anticipated sale of a small European market to a developmental licensee; no employee count disclosed. | ||||
| 2006-03-31 | other | completed | Brazil | Company-operated restaurants | USD 29 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Costs to buy out certain litigating franchisees in Brazil; franchisee buyout, not an employee headcount action. | ||||
| 2006-03-31 | other | in_progress | Asia/Pacific, Middle East and Africa | APMEA | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Asset write-offs in APMEA; nature of workforce impact not specified. | ||||
| 2006-03-31 | plant_closure | completed | United Kingdom | Company-operated restaurants | USD 42 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closing of 25 restaurants in conjunction with overall restaurant portfolio review. Employee count not disclosed. | ||||
| 2006-03-31 | restructuring | completed | Brazil | Franchised restaurants | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Costs to buy out certain litigating franchisees. Employee count not disclosed. | ||||
| 2006-03-31 | restructuring | completed | Europe | Company-operated restaurants | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Impairment charge on anticipated sale of a small market to a developmental licensee. Employee count not disclosed. | ||||
| 2006-03-31 | restructuring | completed | APMEA | Company-operated restaurants | USD 8 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Asset write offs in APMEA. Employee count not disclosed. | ||||
| 2005-12-31 | plant_closure | completed | 2005-12-31 | Worldwide | McDonald's restaurants (traditional and satellite units) | MD&A f5-10k / GLM-5.3-flash-HTML | Ordinary-course unit churn disclosed in the restaurant development section: 145 traditional and 263 satellite restaurants closed during 2005, alongside 558 traditional and 120 satellite openings. Included per restaurant-sector convention; not framed as a restructuring program, and no employee counts or closure-specific charges attributed. | ||||
| 2005-12-31 | plant_closure | announced | 2006-02-27 | 2006-03-31 | United Kingdom | Europe — U.K. high-street locations | USD 40 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Subsequent event: plan from a strategic review of U.K. high-street sites calls for closing 25 restaurants in Q1 2006, with about $40 million of pretax lease-cancellation and other charges. Employee counts not disclosed. Announcement date reflects the Form 10-K filing/certification date. | ||
| 2005-12-31 | acquisition_addition | announced | 2006-02-27 | Brazil | Latin America — restaurants operated by litigating franchisees | USD 20 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Subsequent event: agreement reached in Q1 2006 to acquire restaurants from several litigating franchisees to improve profitability, with about $20 million of expected pretax charges. Captured as an addition because acquired restaurants move into Company operation; employee headcount impact is not quantified in the filing. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-12-31 | APMEA — two markets | APMEA — Company-operated restaurants converted to developmental licensees | USD -51 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Two markets (about 325 restaurants) converted to developmental licensee structures during 2005, transferring restaurant operations to licensees; work on the ownership change began a couple of years earlier. The 2005 restructuring line was a net pretax credit of $51.2 million, primarily from favorable adjustments on the APMEA conversion plus reversal of 2001-2002 restructuring liabilities (employee-related and lease termination costs lower than anticipated). Employee counts not disclosed. | |||
| 2005-12-31 | divestiture_reduction | announced | 2006-02-27 | 2006-12-31 | United Kingdom | Europe — Company-operated restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Plan to re-franchise at least 50 Company-operated U.K. restaurants during 2006; the Company-operated share of the U.K. market (63% at the time) is expected to keep declining. Employee counts and charges not disclosed. Announcement date reflects the Form 10-K filing/certification date. | |||
| 2005-12-31 | divestiture_reduction | announced | 2006-02-27 | Worldwide — 15 to 20 identified markets | Company-operated restaurants in targeted markets | MD&A f5-10k / GLM-5.3-flash-HTML | Plan to pursue converting ownership in 15-20 markets to a developmental licensee structure over the following three years. Targeted markets had about 1,500 restaurants (predominantly Company-operated), $1.5 billion of 2005 sales, and net investment of about $1.6 billion at December 31, 2005. Company stated it did not expect significant transactions to be completed within 12 months; employee counts not disclosed. | ||||
| 2005-12-31 | plant_closure | announced | 2006-01-01 | 2006-03-31 | United Kingdom | Company-operated restaurants (high street locations) | USD 40 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event action announced in Q1 2006: plan to close 25 U.K. restaurants with lease cancellation and other charges of approximately $40 million pretax; no employee count disclosed. | ||
| 2005-12-31 | other | announced | 2006-01-01 | 2006-03-31 | Brazil | Company-operated restaurants | USD 20 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event action in Q1 2006: agreement to acquire restaurants operated by several litigating franchisees, with expected pretax charges of approximately $20 million; no employee count disclosed. | ||
| 2005-12-31 | restructuring | completed | 2005-12-31 | APMEA and Corporate | Corporate / APMEA | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2005 restructuring line recorded $51.2 million of pretax income (credits), primarily from favorable adjustments on an APMEA developmental-licensee conversion and reversal of 2001-2002 employee and lease termination liabilities; no employees-affected count disclosed for FY2005. | ||||
| 2005-12-31 | restructuring | completed | 2005-01-01 | 2005-12-31 | Worldwide | Various | USD 51 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pretax income of $51.2 million recorded in 2005, primarily due to favorable adjustments related to the conversion of a market to a developmental licensee in APMEA and certain liabilities established in 2001 and 2002 due to lower than originally anticipated employee-related and lease termination costs. | ||
| 2005-12-31 | plant_closure | completed | 2005-01-01 | 2005-12-31 | Worldwide | Various | USD 23 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pretax charges of $22.8 million for impairment, primarily due to South Korea and its continued poor results. | ||
| 2005-12-31 | restructuring | completed | 2005-12-31 | 2005-12-31 | APMEA | Corporate | USD -51 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Pretax income of $51 million primarily due to favorable adjustments related to the conversion of a market to a developmental licensee in APMEA and lower than anticipated employee-related and lease termination costs. | ||
| 2004-12-31 | plant_closure | completed | McDonald's restaurants (global system) | USD 131 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Closures occurred throughout fiscal 2004: 185 traditional restaurants plus 134 satellite (small, limited-menu) units were closed, while 430 traditional and 198 satellite units were opened. Closings are described as recurring annual activity, and no workforce impact or severance charge is quantified for 2004. The associated $130.5 million pretax charge is noncash asset/goodwill impairment (primarily South Korea), booked in the 'Restaurant closings/impairment' category — not a severance charge. Strategic closure programs affecting large headcounts (e.g., ~750 restaurants in 2002, ~600 positions eliminated in 2002, Japan headcount reductions in 2003) relate to prior fiscal years and are excluded per current-year-only extraction rules. | |||||
| 2004-12-31 | plant_closure | completed | 2004-12-31 | Global | McDonald's restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closed 185 traditional and 134 satellite McDonald's restaurants during 2004; employees affected not disclosed. Related 2004 impairment charge of $130.5M pretax was primarily asset/goodwill impairment in South Korea, not severance. | ||||
| 2004-12-31 | restructuring | in_progress | Global | Corporate / multiple segments | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | No new restructuring provision in 2004; 2004 activity consisted of $27.7M cash payments against prior-year accruals (including $12.0M employee-related costs), reducing the restructuring liability from $82.0M to $54.3M. Employees affected in 2004 not disclosed. | |||||
| 2004-12-31 | restructuring | completed | 2004-12-31 | 2004-12-31 | South Korea | APMEA | USD 131 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pretax charges for asset and goodwill impairment primarily in South Korea driven by significant decline in performance. | ||
| 2004-12-31 | restructuring | completed | 2003-01-01 | Japan | McDonald's Japan | USD 35 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2003 pretax charge related to revitalization plan actions including headcount reductions, closing of Pret A Manger stores, and early termination of management services agreement. | |||
| 2004-12-31 | restructuring | completed | 2003-01-01 | United States; International | Corporate; Operations | USD 237 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2003 pretax charge related to loss on sale of Donatos Pizzeria, closing of Donatos and Boston Market restaurants outside the U.S., and exit of Fazoli's joint venture. | |||
| 2004-03-31 | restructuring | in_progress | Disposition of certain non-McDonald's brands, restaurant closings, and restructuring markets and eliminating positions | USD 102 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Accrued restructuring and restaurant closing liability of $101.7 million at March 31, 2004, primarily lease obligations and employee-related costs; $14.0 million in cash payments made during the quarter, primarily for lease obligations. Charges originally recorded in 2003 and 2002; no employee counts disclosed. | |||||
| 2004-03-31 | restructuring | in_progress | International markets and other | Restaurant operations / corporate | USD 102 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing program covering restaurant closings, market restructuring and position eliminations; $14.0M cash paid in Q1 2004, $101.7M accrual remaining at 2004-03-31, primarily lease obligations and employee-related costs. No employee count, announcement date, or completion date disclosed. | ||||
| 2004-03-31 | restructuring | in_progress | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash payments of $14.0 million made in Q1 2004 primarily related to lease obligations. Remaining balance of $101.7 million relates to lease obligations and employee-related costs. | ||||||
| 2003-12-31 | restructuring | completed | 2003 | United States and international markets | Other segment (non-McDonald's brands) | USD 237 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Consolidated bundle: sale of the Donatos Pizzeria business (completed December 2003), closure of all Donatos and Boston Market restaurants outside the U.S., and exit of a domestic joint venture with Fazoli's. Employees affected not disclosed. Remaining employee severance and lease obligations at year-end were to be funded from operating cash flow. | |||
| 2003-12-31 | restructuring | completed | 2003 | Japan | APMEA (McDonald's Japan) | USD 35 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | McDonald's Japan revitalization plan actions comprising headcount reductions (number of positions not disclosed), closure of Pret A Manger stores in Japan, and early termination of a long-term management services agreement. | |||
| 2003-12-31 | plant_closure | completed | 2003 | Latin America | Latin America | USD 30 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Approximately 50 restaurant closings associated with strategic actions in Latin America. Component of the $135.5 million net charge, which also included $147.7 million of asset/goodwill impairment (mainly Latin America, no disclosed workforce impact) and a $41.8 million favorable adjustment to the 2002 closing charge. | |||
| 2003-12-31 | restructuring | completed | 2003-12-31 | United States and international markets (non-McDonald's brands) | Other (non-McDonald's brands: Donatos Pizzeria, Boston Market, Fazoli's JV) | USD 237 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2003 restructuring component covering the loss on the sale of Donatos Pizzeria (sold December 2003), closure of all Donatos and Boston Market restaurants outside the U.S., and exit of a domestic joint venture with Fazoli's. No employee count disclosed; includes non-cash loss on sale. | |||
| 2003-12-31 | restructuring | completed | 2003-12-31 | Japan | McDonald's Japan / Pret A Manger Japan | USD 35 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Revitalization plan actions of McDonald's Japan: headcount reductions, closing of Pret A Manger stores in Japan, and early termination of a long-term management services agreement. Number of positions eliminated not disclosed. | |||
| 2003-12-31 | plant_closure | completed | 2003-12-31 | Latin America | McDonald's restaurants | USD 30 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | About 50 restaurant closings associated with strategic actions in Latin America. Same footnote also records $147.7M of asset/goodwill impairment (mainly Latin America) and a $41.8M favorable adjustment to the 2002 closing charge reflecting roughly 85 fewer closings than originally anticipated. Associated employee displacement not quantified. | |||
| 2003-12-31 | restructuring | completed | 2003-01-01 | 2003-12-31 | Japan | McDonald's Japan | USD 35 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Revitalization plan actions including headcount reductions, closing of Pret A Manger stores, and early termination of management services agreement. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-12-31 | 2003-12-31 | United States | Donatos Pizzeria | USD 237 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Loss on sale of Donatos Pizzeria business. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-01-01 | 2003-12-31 | International | Boston Market | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Closing of all Donatos and Boston Market restaurants outside the U.S. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-01-01 | 2003-12-31 | United States | Fazoli's | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Exit of domestic joint venture with Fazoli's. | |||
| 2003-12-31 | plant_closure | completed | 50 | 2003-01-01 | 2003-12-31 | Latin America | McDonald's | USD 30 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Approximately 50 restaurant closings associated with strategic actions. | |
| 2003-12-31 | restructuring | completed | 2003-01-01 | 2003-12-31 | Japan | McDonald's Japan | USD 35 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Revitalization plan actions including headcount reductions, closing of Pret A Manger stores in Japan, and early termination of management services agreement. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-12-31 | 2003-12-31 | United States | Donatos Pizzeria | USD 237 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Loss on sale of Donatos Pizzeria, closing of all Donatos and Boston Market restaurants outside the U.S., and exit of domestic joint venture with Fazoli's. | ||
| 2003-09-30 | restructuring | in_progress | 2003-04-01 | Restaurant development functions | USD 14 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Second quarter 2003 pretax charge in SG&A for severance and other employee-related costs tied to streamlining restaurant development functions; ~$14 million of severance costs also cited in MD&A for the nine months. Employee-related liability stood at $48.1 million at September 30, 2003 after $38.2 million of cash payments during 2003. | ||||
| 2003-09-30 | restructuring | in_progress | 600 | 2002-10-01 | Middle East and Latin America; U.S. and Japan (restaurant closings) | Corporate and home office; restaurant operations | USD 810 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Fourth quarter 2002 pretax charges of $810.2 million ($656.9 million after tax) covering market restructuring, elimination of approximately 600 positions, home office consolidation, closure of 719 underperforming restaurants primarily in the U.S. and Japan, and software write-offs. Program remained in progress through 2003: lease termination and other liability of $104.4 million at September 30, 2003 after $151.8 million of cash payments during the year. | ||
| 2003-09-30 | plant_closure | completed | 2002-01-01 | Turkey; Chile and other Latin American markets | Restaurant operations | USD 43 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | First quarter 2002 asset impairment charges of $43.0 million (pre and after tax) primarily related to impairments in certain existing restaurants in Chile and other Latin American markets and the closing of 32 underperforming restaurants in Turkey amid continued economic weakness. | |||
| 2003-09-30 | restructuring | in_progress | Restaurant development functions | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pretax charge recorded in second quarter 2003 within SG&A for severance and related employee costs tied to streamlining restaurant development functions; number of positions affected, announcement date, and completion timing not disclosed. Also referenced in MD&A SG&A discussion as approximately $14 million of severance costs for the nine months. | |||||
| 2003-09-30 | restructuring | in_progress | 2003-06-30 | Global | Restaurant development functions | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Second quarter 2003 charge for severance and other employee-related costs in connection with streamlining restaurant development functions. Employee count not disclosed. | |||
| 2003-09-30 | other | in_progress | 2003-01-01 | Venezuela | Latin America | MD&A f5-10q / Qwen3.6-27B-Q8_0 | National strike in Venezuela negatively impacted Latin America results for the nine months ended September 30, 2003. | ||||
| 2003-06-30 | restructuring | completed | 2003-04-01 | Restaurant development functions | USD 14 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Second quarter 2003 pretax charge in SG&A for severance and other employee-related costs tied to streamlining restaurant development functions; number of employees affected not disclosed. | ||||
| 2003-06-30 | restructuring | in_progress | 600 | 2002-12-31 | Middle East and Latin America; U.S. home office | Corporate and home office | USD 810 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Fourth quarter 2002 pretax charges included eliminating approximately 600 positions, reallocating resources and consolidating home office facilities; liability roll-forward shows $139.7 million of cash payments in first half 2003, leaving $202.8 million accrued at June 30, 2003. | ||
| 2003-06-30 | plant_closure | in_progress | 2002-12-31 | Primarily U.S. and Japan | McDonald's restaurants | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Part of the fourth quarter 2002 restructuring: management decision to close 719 underperforming restaurants; lease termination and other costs of $256.2 million accrued at December 31, 2002 with $108.7 million paid in first half 2003. | ||||
| 2003-06-30 | restructuring | in_progress | Global | Restaurant development functions | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2003 pretax severance and employee-related charge for streamlining restaurant development functions; no employee count or completion date disclosed. Accrued employee-related costs rolled from $72.3M to $55.3M during 2003 activity. | ||||
| 2003-06-30 | restructuring | in_progress | 600 | 2002 | Global (primarily U.S. and Japan for restaurant closures) | Corporate and restaurants | USD 810 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q4 2002 program disclosed as background to the accrual roll-forward: eliminated approximately 600 positions, closed 719 underperforming restaurants, plus Middle East/Latin America market restructuring and home office consolidation. Pretax charge $810.2M ($656.9M after tax); cash payments of $139.7M continued through June 30, 2003, leaving $202.8M accrued. | ||
| 2003-06-30 | restructuring | in_progress | 2003-06-30 | restaurant development functions | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge for severance and other employee-related costs in connection with streamlining restaurant development functions. | ||||
| 2003-06-30 | restructuring | in_progress | 2002-12-31 | Middle East and Latin America | corporate and restaurant operations | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing restructuring from Q4 2002 including eliminating approximately 600 positions, reallocating resources, consolidating home office facilities, and closing 719 underperforming restaurants primarily in the U.S. and Japan. Cash payments of $139.7 million recorded in Q2 2003. | ||||
| 2003-06-30 | other | completed | 2003-01-01 | Venezuela | Latin America | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Results for the six months were negatively impacted by the national strike in Venezuela. | ||||
| 2003-03-31 | restructuring | in_progress | 600 | 2002-10-01 | Corporate/home office | USD 810 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q4 2002 pretax charge of $810.2M ($656.9M after tax) covered restructuring of Middle East and Latin America markets, elimination of approximately 600 positions, resource reallocation and home office consolidation, closure of 719 underperforming restaurants, and software write-offs. Position-elimination component is part of the broader program; no standalone severance figure for the 600 positions is disclosed. | |||
| 2003-03-31 | plant_closure | in_progress | 2002-10-01 | 2003-12-31 | Primarily U.S. and Japan | McDonald's brand restaurants | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Decision to close 719 underperforming restaurants: 202 closed in 2002 and 517 to close in 2003. Employee counts not disclosed. Accrued restructuring and restaurant closing costs of $328.5M at year-end 2002, reduced to $241.6M at March 31, 2003 after $86.9M of cash payments. | |||
| 2003-03-31 | plant_closure | completed | 2002-01-01 | 2002-03-31 | Turkey | McDonald's brand restaurants | USD 43 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | First quarter 2002 asset impairment charges of $43.0 million (pre and after tax) primarily related to closing 32 underperforming restaurants in Turkey and impairing assets in Chile and other Latin American markets due to continued economic weakness. Employee counts not disclosed. | ||
| 2003-03-31 | restructuring | in_progress | 600 | Home office and market operations | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in Q4 2002 (exact date not disclosed); bundled within $810.2M pretax charges that also cover market restructurings, restaurant closings and a technology write-off, so no separable charge is attributed. Elimination of approximately 600 positions plus home office consolidation. Q1 2003 cash payments against the employee-related accrual were $14.4M; employee-related accrual fell from $72.3M to $57.9M. | |||||
| 2003-03-31 | plant_closure | in_progress | 2003-12-31 | Primarily U.S. and Japan | McDonald's restaurants | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to close 719 underperforming restaurants announced in Q4 2002; 202 closed during 2002 and 517 scheduled to close during 2003. No per-restaurant headcount disclosed. Lease termination and other accrual fell from $256.2M to $183.7M with $72.5M of Q1 2003 cash activity. | ||||
| 2003-03-31 | restructuring | in_progress | 600 | 2002-10-01 | Global | Home office | USD 810 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q4 2002 charge included eliminating approx 600 positions, reallocating resources, and consolidating home office facilities. | ||
| 2003-03-31 | plant_closure | in_progress | 2002-10-01 | 2003-12-31 | U.S. and Japan | Restaurant operations | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Decision to close 719 underperforming restaurants; 202 closed in 2002, 517 to close in 2003. Employee count not disclosed. | |||
| 2003-03-31 | other | in_progress | Venezuela | Latin America | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Results negatively impacted by national strike in Venezuela. | |||||
| 2002-12-31 | restructuring | completed | 600 | 2002 | U.S. and international markets (approximately half each) | Home office and market operations | USD 56 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Approximately 600 positions eliminated within the $266.9M pretax 2002 restructuring charge, split roughly evenly between U.S. and international markets; the action also consolidated certain home office facilities ($14.7M lease cancellation). Included a $15.0M reversal of 2001 accrued restructuring costs due to lower employee-related costs than estimated. Severance paid in installments up to one year after termination. | ||
| 2002-12-31 | restructuring | completed | 2002 | Middle East and Latin America | McDonald's restaurants in restructured or exited markets | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Ownership in four countries (approximately 150 restaurants) transferred to developmental licensees and operations ceased in three Latin American countries (approximately 20 restaurants). Related charge components included $136.8M of asset write-offs and losses on asset sales and $64.6M of lease and other obligations in restructured or exited markets. Employee headcount impact not disclosed. | ||||
| 2002-12-31 | plant_closure | in_progress | 2002 | 2003-12-31 | Primarily U.S. and Japan | Underperforming McDonald's restaurants | USD 302 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Decision to close 751 underperforming restaurants: 234 closed in 2002 and 517 scheduled to close throughout 2003. Most had negative cash flows and/or very low annual sales volumes. The broader $402.4M pretax significant item also included $100.1M of asset impairments for certain existing (continuing) restaurants in Europe and Latin America. Employee headcount impact not disclosed. | ||
| 2002-12-31 | divestiture_reduction | completed | 2002-03 | 2002-03 | United Kingdom | Aroma Café (Partner Brands) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Company sold its Aroma Café business in the U.K. in March 2002. The related $20.0M disposition charge was recorded in fiscal 2001, not 2002. Headcount impact not disclosed. | |||
| 2002-12-31 | other | completed | 2002-12 | 2003-02 | Venezuela | All McDonald's restaurants in Venezuela | USD 14 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Externally driven event: temporary closure of all restaurants in Venezuela due to a national strike that began in early December 2002; the strike ended in February 2003 and the Company expected continued turmoil to impact 2003 results. The $13.9M charge reflects write-offs of receivables and inventory, not severance. Headcount impact not disclosed. | ||
| 2002-12-31 | restructuring | completed | 600 | United States and international markets | Corporate home offices and market operations | USD 267 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2002 pretax charge ($243.6M after tax) covering transfer of ownership in four Middle East/Latin America countries to developmental licensees (~150 restaurants), exit from three Latin America countries (~20 restaurants), elimination of ~600 positions (about half U.S., half international), and home office consolidation. Severance component $55.9M; employee severance paid over up to one year, remaining lease obligations generally through 2020. | |||
| 2002-12-31 | plant_closure | in_progress | 2003-12-31 | Primarily United States and Japan | McDonald's restaurants | USD 302 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to close 751 underperforming restaurants: 234 closed during 2002, 517 scheduled to close throughout 2003. A separate $100.1M impairment related to existing restaurants in Europe and Latin America is not included in this charge. Restaurant-level employee counts not disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-03 | United Kingdom | Aroma Café | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company sold its Aroma Café business in the U.K. in March 2002; headcount transferred not disclosed. Related $20.0M disposition charge was recorded in fiscal 2001. | ||||
| 2002-12-31 | other | completed | 2002-12 | Venezuela | McDonald's restaurants | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | National strike beginning early December 2002 temporarily closed all McDonald's restaurants in Venezuela, driving a write-off of receivables and inventory; strike ended February 2003. Employees affected not disclosed. | |||
| 2002-12-31 | restructuring | completed | 600 | 2002-01-01 | 2002-12-31 | Global | Corporate and International Markets | USD 267 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pretax charges of $267 million related to eliminating approximately 600 positions (half in U.S., half international), consolidating home office facilities, and transferring ownership in four countries in Middle East and Latin America. | |
| 2002-12-31 | plant_closure | in_progress | 2002-01-01 | 2003-12-31 | Global | Restaurant Operations | USD 402 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pretax charges of $402 million for closing 751 underperforming restaurants (234 closed in 2002, 517 to close in 2003) primarily in U.S. and Japan, and asset impairment in Europe and Latin America. Employee count not explicitly disclosed. | ||
| 2002-12-31 | restructuring | completed | 600 | 2002-12-31 | 2002-12-31 | Worldwide | Corporate and International Markets | USD 267 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of approximately 600 positions (half in U.S., half international) and consolidation of home office facilities. Includes transferring ownership in four countries in Middle East and Latin America and ceasing operations in three countries in Latin America. | |
| 2002-12-31 | plant_closure | in_progress | 2002-12-31 | 2003-12-31 | U.S. and Japan primarily | Restaurant Operations | USD 402 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Decision to close 751 underperforming restaurants (234 closed in 2002, 517 to close throughout 2003). Employee count not explicitly disclosed for closures, but included in total significant items. | ||
| 2002-09-30 | restructuring | in_progress | 850 | 2001-10-01 | Global (700 positions U.S., 150 international) | U.S. divisions and regions; international markets | USD 200 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Pretax special charge of $200.0 million ($136.1 million after tax) approved in Q4 2001 for strategic changes and restaurant initiatives; primarily severance and lease cancellation costs. Remaining liability of approximately $56 million at September 30, 2002 included in accrued payroll and other liabilities; no significant adjustments to original plan. | ||
| 2002-09-30 | restructuring | announced | 2002-11-08 | 2002-12-31 | Middle East and Latin America (seven countries) | International markets | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Plans to restructure ownership in four countries by transferring to developmental licensees and close operations in three small markets; collectively 200 restaurants operated in these seven countries. Part of a broader action expected to reduce Q4 2002 pretax income by about $350-$425 million, mostly non-cash. | |||
| 2002-09-30 | plant_closure | announced | 2002-11-08 | 2002-12-31 | About 10 countries | Underperforming restaurants | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Approximately 175 underperforming restaurants expected to close in Q4 2002, over and above usual closings from relocations and lease expirations; concentrated in 10 countries. | |||
| 2002-09-30 | reduction_in_force | announced | 500 | 2002-11-08 | Global (200-250 positions based in the U.S.) | Cost control and resource reallocation | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Company expects to eliminate about 400-600 job positions, 200-250 based in the U.S.; midpoint of 500 recorded here. Actual people affected will be fewer due to attrition and elimination of open positions; G&A savings to support limiting G&A growth. | |||
| 2002-09-30 | restructuring | in_progress | 700 | 2001 | United States | Divisions and regions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program originated in Q4 2001 (strategic changes and restaurant initiatives); total program charge was $200.0M pretax / $136.1M after tax, not split by geography. Remaining liability ~$56M at 2002-09-30; no significant adjustments to the original plan. | |||
| 2002-09-30 | restructuring | in_progress | 150 | 2001 | International markets | Corporate and international operations | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program originated in Q4 2001; total program charge was $200.0M pretax / $136.1M after tax, not split by geography. Remaining liability ~$56M at 2002-09-30. | |||
| 2002-09-30 | plant_closure | completed | 2002 | Turkey, Chile and other Latin American markets | Company-operated restaurants | USD 43 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closing of 32 underperforming restaurants in Turkey plus non-cash impairment of restaurant assets in Chile and other Latin American markets; $43.0M pretax and after-tax charge covers both elements. Employees affected not disclosed. | |||
| 2002-09-30 | divestiture_reduction | completed | 2002-03 | United Kingdom | Partner Brands — Aroma Cafe | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Aroma Cafe business in March 2002; headcount removed not disclosed. Related Partner Brands net restaurant decrease of 2 in the nine months. | ||||
| 2002-09-30 | divestiture_reduction | announced | 2002-11-08 | Middle East and Latin America | International markets — 4 markets restructured to developmental licensees | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ownership in four international markets to be transferred to developmental licensees; Company will retain royalty rights but no capital invested. Employees affected not disclosed. Combined with country closings, 200 restaurants across the seven countries. | ||||
| 2002-09-30 | plant_closure | announced | 2002-11-08 | Middle East and Latin America | International markets — 3 small markets outside the U.S. | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned closure of operations in three small markets driven by below-threshold returns; employees affected not disclosed. Combined with the four restructured markets, 200 restaurants in the seven countries. | ||||
| 2002-09-30 | plant_closure | announced | 2002-11-08 | 2002-12-31 | Approximately 10 countries | Underperforming restaurants | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | About 175 underperforming restaurants to be closed in Q4 2002, above normal closings; employees affected not disclosed. Part of the $350-$425M Q4 2002 pretax charge (mostly non-cash). | |||
| 2002-09-30 | reduction_in_force | announced | 400 | 2002-11-08 | 2002-12-31 | United States and international | Corporate and field positions — cost control and resource reallocation | USD 350 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer disclosed a range of 400 to 600 positions (value shown is the low end), of which 200-250 are U.S.-based; reductions to be achieved partly through attrition and elimination of open positions. Associated charge is the disclosed $350-$425M Q4 2002 pretax income reduction (mostly non-cash), which also covers country restructuring/closings and restaurant closures. | |
| 2002-09-30 | restructuring | in_progress | 850 | 2001-12-31 | United States and International | Divisions, Regions, and International Markets | USD 200 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Fourth quarter 2001 charge related to strategic changes and ongoing restaurant initiatives. Eliminated approx. 700 positions in U.S. divisions/regions and 150 in international markets. Remaining liability approx. $56 million at Sept 30, 2002. | ||
| 2002-09-30 | restructuring | announced | 500 | 2002-11-08 | Global | General and Administrative | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Announced post-quarter elimination of 400-600 positions to control costs and reallocate resources. 200-250 based in U.S. Actual number affected less due to attrition and elimination of open positions. | |||
| 2002-06-30 | restructuring | in_progress | 850 | 2001-10-01 | Global (U.S. and certain international markets) | U.S. divisions and regions; international markets | USD 200 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Pretax special charge recorded in Q4 2001 ($136.1 million after tax); primarily severance and lease cancellation costs. Remaining liability of approximately $63 million at June 30, 2002 included in Other accrued liabilities. | ||
| 2002-06-30 | reduction_in_force | in_progress | 700 | 2001-10-01 | United States | Divisions and regions | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | U.S. component of approximately 850 eliminated positions under the global change initiatives. | |||
| 2002-06-30 | reduction_in_force | in_progress | 150 | 2001-10-01 | International markets | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | International component of approximately 850 eliminated positions under the global change initiatives. | ||||
| 2002-06-30 | restructuring | in_progress | 700 | 2001 | United States | Divisions and regions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of a $200.0 million pretax program announced in Q4 2001; charge not split by geography. Remaining liability about $63 million at 2002-06-30, covering severance and facility lease obligations. | |||
| 2002-06-30 | restructuring | in_progress | 150 | 2001 | International markets | Corporate and regional functions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Part of a $200.0 million pretax program announced in Q4 2001; charge not split by geography. No significant adjustments to the original plan as of this filing. | |||
| 2002-06-30 | restructuring | in_progress | 850 | 2001-10-01 | United States and certain international markets | Divisions, regions, and international markets | USD 200 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in Q4 2001. Eliminated approx. 850 positions (700 in U.S., 150 international). Remaining liability approx. $63 million at June 30, 2002. | ||
| 2002-03-31 | plant_closure | completed | Turkey | APMEA — McDonald's restaurant operations | USD 16 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Non-cash asset impairment charge of $15.9 million tied to closing 32 underperforming restaurants in Turkey amid continued economic weakness; no employee counts disclosed. | ||||
| 2002-03-31 | plant_closure | completed | Chile and other Latin American markets | Latin America — existing restaurants | USD 27 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Impairment of assets in existing restaurants in Chile and other Latin American markets; part of $43.0 million total asset impairment charges. No employee counts disclosed. | ||||
| 2002-03-31 | divestiture_reduction | completed | 2002-03-31 | United Kingdom | Partner Brands — Aroma Cafe | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to dispose of the Aroma Cafe business approved in Q4 2001; sale completed March 2002. Reflected as a net decrease of 46 Partner Brands restaurant additions in Q1 2002. No headcount impact disclosed. | ||||
| 2002-03-31 | restructuring | in_progress | Global | Corporate — home office / SG&A | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global change initiatives introduced in late 2001 expected to yield ongoing annual SG&A savings of about $100 million beginning in 2002; no employee counts or severance amounts disclosed in this filing. | |||||
| 2002-03-31 | plant_closure | completed | 2001-10-01 | 2002-03-31 | United Kingdom | Partner Brands | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company approved plan to dispose of Aroma Cafe business in Q4 2001 and completed sale in March 2002. Employee count not disclosed. | |||
| 2002-03-31 | plant_closure | completed | Turkey | APMEA | USD 16 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closing of 32 underperforming restaurants in Turkey. Associated with $15.9 million asset impairment charge. Employee count not disclosed. | ||||
| 2001-12-31 | restructuring | in_progress | 700 | 2001-10-01 | 2010-12-31 | United States | Corporate / Regional and Division Operations | USD 200 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Part of $200M pretax charge ($136M after tax) for global change initiatives; 700 US positions eliminated, primarily in divisions and regions. Charge includes $114M severance, $69M lease cancellation, $17M other cash costs. Remaining accrual ~$126M at year-end 2001; lease payments through 2010. | |
| 2001-12-31 | restructuring | in_progress | 150 | 2001-10-01 | 2010-12-31 | International | Corporate / Regional Operations | USD 200 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Part of same $200M global change initiatives charge; 150 positions eliminated in international markets. Charge shared across US and international components. | |
| 2001-12-31 | plant_closure | completed | 2001-07-01 | 2001-12-31 | International (Europe, APMEA, Latin America, Canada) | McDonald's Restaurants | USD 91 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 163 underperforming restaurants closed in international markets during Q3-Q4 2001; $91.2M pretax charge ($68.8M after tax) for asset write-offs and lease termination. Employee headcount not disclosed. | ||
| 2001-12-31 | divestiture_reduction | announced | 2001-10-01 | 2002-06-30 | United Kingdom | Partner Brands — Aroma Cafe | USD 20 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan to dispose of Aroma Cafe business approved in Q4 2001; $20M pretax charge ($14M after tax) recorded. Sale expected to complete in first half of 2002. Employee headcount not disclosed. | ||
| 2001-12-31 | plant_closure | announced | 2002-03-22 | 2002-03-31 | Turkey | McDonald's Restaurants — APMEA | USD 45 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: ~$45M non-cash charge expected in Q1 2002 for impairment of Latin America assets and closing of 32 underperforming restaurants in Turkey due to continued economic weakness. | ||
| 2001-12-31 | restructuring | in_progress | 850 | 2001-12-31 | 2010-12-31 | United States and International | Corporate and Regional Offices | USD 200 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of 700 positions in U.S. divisions/regions and 150 in international markets. Lease payments to be paid through 2010. | |
| 2001-09-30 | plant_closure | completed | International markets | Restaurant operations | USD 84 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | 154 underperforming restaurants closed in international markets during Q3 2001; pre-tax charge of $84.1 million ($63.9 million after-tax) recorded in other operating expense. Employee headcount affected not disclosed. | ||||
| 2001-09-30 | plant_closure | announced | 2001-12-31 | Restaurant operations | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company expects to close about 10 additional underperforming restaurants in the fourth quarter of 2001. | |||||
| 2001-09-30 | restructuring | announced | Global | Field and home office positions | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Q4 2001 special charge of $175-$200 million pre-tax for change initiatives; 500-700 field and home office positions to be eliminated. Charge primarily for employee severance and outplacement, facility consolidation and related costs; funded from operating cash flow. Ongoing annual SG&A savings of about $100 million expected beginning 2002 after redeploying more than $50 million. | |||||
| 2001-09-30 | plant_closure | completed | International markets (Europe, Asia/Pacific, Latin America, Other) | McDonald's restaurant operations | USD 84 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closed 154 underperforming restaurants in Q3 2001; $84.1M pre-tax ($63.9M after-tax) recorded in other operating expense. Closings by segment: Europe 47; Asia/Pacific 37; Latin America 56; Other McDonald's 14. No employee count disclosed. | ||||
| 2001-09-30 | plant_closure | announced | 2001-11 | 2001-12-31 | International markets | McDonald's restaurant operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company expects to close about 10 additional underperforming restaurants in the fourth quarter; no employee count or separate charge disclosed. | |||
| 2001-09-30 | restructuring | announced | 2001-10 | Worldwide | Field and home office | USD 175 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer discloses ranges: 500 to 700 field and home office positions to be eliminated, and a $175M to $200M pre-tax charge (severance, outplacement, facilities consolidation) expected in Q4 2001. Charge primarily cash; ongoing annual SG&A savings of about $100M expected beginning 2002 after redeploying more than $50M. | |||
| 2001-09-30 | restructuring | in_progress | 2001-10-01 | 2001-12-31 | Global | Field and Home Office | USD 188 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company expects to record $175M-$200M pre-tax special charge in Q4 2001 for change initiatives. Anticipates elimination of 500 to 700 field and home office positions. Charges primarily for employee severance, outplacement, and facility consolidation. | ||
| 2001-09-30 | plant_closure | completed | 2001-09-30 | 2001-09-30 | International Markets | Restaurant Operations | USD 84 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Closed 154 underperforming restaurants in international markets during Q3. Recorded pre-tax charge of $84.1 million in other operating expense. Employee count affected not disclosed. | ||
| 2001-06-30 | plant_closure | announced | 2001-07-24 | Primarily certain emerging markets | McDonald's restaurant business | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company reviewing approximately 250 underperforming restaurants for possible closing; charges expected in other operating expense in the second half of 2001. Employee counts not disclosed. | ||||
| 2001-06-30 | plant_closure | announced | 2001-07-24 | Primarily certain emerging markets | McDonald's restaurant business (underperforming restaurants) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company reviewing about 250 underperforming restaurants for possible closing; expects charges to other operating expense in second half of 2001. No employee count, charge amount, or completion date disclosed. Closings are excluded from the expected ~1,500 net McDonald's restaurant additions for 2001. | ||||
| 2001-06-30 | restructuring | announced | 2001-07-24 | certain emerging markets | restaurant operations | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Reviewing approximately 250 underperforming restaurants for possible closing; expects charges to other operating expense in second half of year. | ||||
| 2000-12-31 | acquisition_addition | completed | United States | Other Brands — Boston Market | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Boston Market acquisition added 707 restaurants in 2000; headcount not disclosed. | |||||
| 2000-12-31 | acquisition_addition | completed | United Kingdom | Other Brands — Pret A Manger | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Minority interest acquired February 2001 (subsequent event); headcount not disclosed. | |||||
| 2000-12-31 | restructuring | completed | 500 | 1998 | 1999-12-31 | United States | Corporate | USD 160 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Home office productivity initiative completed as of Dec 31, 1999. Reduced home office staffing by approx 500 positions. | |
| 2000-06-30 | acquisition_addition | completed | 2000-05-26 | 2000-05-26 | United States | Other segment (Other Brands) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Boston Market became effective May 26, 2000; headcount added through the acquisition is not disclosed in this filing. | |||
| 1999-12-31 | restructuring | completed | 500 | 1998-06-30 | 1999-12-31 | United States (corporate home office) | Corporate home office staff functions (selling, general and administrative) | USD 160 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Home office productivity initiative; special charge recorded in Q2 1998 (announcement_date reflects quarter-end). Charge comprised ~$85.8M severance/outplacement, $40.8M lease cancellation and facilities costs, $18.3M obsolete technology write-off and $15.1M other payments; ~500 home office positions eliminated and certain facilities consolidated. Initiatives completed as of December 31, 1999; remaining liability of ~$31.1M at year-end, with ~$100M annual SG&A savings expected in 2000 and thereafter. | |
| 1999-12-31 | acquisition_addition | completed | 1999-07-31 | 1999-07-31 | United States | Other Brands (Other segment) | other f5-10k / GLM-5.3-flash-HTML | Acquisition of Donatos Pizza (Donato's, Inc.) completed July 31, 1999; acquired employees became Employees of McDonald's entities with credited Program service from January 1, 1998. Number of employees added not disclosed. | |||
| 1999-12-31 | acquisition_addition | announced | 1999-12 | United States | Other Brands (Other segment) | MD&A f5-10k / GLM-5.3-flash-HTML | Announced intention in December 1999 to acquire certain assets related to the Boston Market brand; transaction expected to close in mid-2000. No employee headcount disclosed. | ||||
| 1999-12-31 | restructuring | completed | 500 | 1998-04-01 | 1999-12-31 | United States | Home office / corporate | USD 160 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge recorded Q2 1998; plan completed by Dec 31, 1999. Remaining severance liability of $31.1M at year-end. Included $85.8M severance, $40.8M lease/facilities, $18.3M technology write-off, $15.1M other. | |
| 1999-12-31 | acquisition_addition | announced | 1999-12-01 | 2000-06-30 | United States | Other Brands | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced December 1999; expected to close mid-2000. No headcount disclosed. | |||
| 1999-12-31 | restructuring | completed | 500 | 1998-04-01 | 1999-12-31 | United States | Home Office | USD 160 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Home office productivity initiative announced in Q2 1998. Reduced staffing by approximately 500 positions. Initiatives completed as of December 31, 1999. | |
| 1999-12-31 | restructuring | completed | 500 | 1998-04-01 | 1999-12-31 | United States | Home Office | USD 160 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Home office productivity initiative announced in Q2 1998. Reduced home office staffing by approximately 500 positions. Initiatives completed as of Dec 31, 1999. | |
| 1999-09-30 | restructuring | in_progress | 525 | 1998-04-01 | United States (home office) | Home office / corporate staff | USD 160 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Home office productivity initiative announced in second quarter 1998; approximately 525 home office positions eliminated, with facility consolidation and other expenditure reductions. Remaining accrual of approximately $58 million (primarily employee-related costs) included in Other accrued liabilities at September 30, 1999; no significant adjustments to original plan. | ||
| 1999-09-30 | acquisition_addition | completed | 1999-07-30 | United States | Other Brands — Donatos Pizza | other f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of Donatos, Inc. completed July 30, 1999; acquired employees became Employees of McG Restaurant Operations, Inc. and were credited with Donatos service since January 1, 1998 under the Profit Sharing Program. No headcount count disclosed. Donatos Pizza had 147 restaurants at September 30, 1999. | ||||
| 1999-09-30 | restructuring | in_progress | 525 | 1998 | United States | Home office / corporate staff | USD 160 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax charge recorded in Q2 1998 for severance, outplacement and facilities consolidation; approximately 525 home office positions eliminated. About $58M accrual remained at 1999-09-30, so program is still in progress. Announcement date disclosed only as second quarter 1998. | ||
| 1999-09-30 | acquisition_addition | completed | 1999-07-30 | United States | Other Brands (Donatos Pizza) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Donatos, Inc. acquired 1999-07-30; acquired employees credited with service from 1998-01-01. No headcount for acquired employees disclosed. | ||||
| 1999-09-30 | restructuring | in_progress | 525 | 1998-06-30 | Global | Home Office | USD 160 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Home office productivity initiative recorded in Q2 1998. Reduced staffing by approx 525 positions. Remaining accrual of $58 million as of Sept 30, 1999. | ||
| 1999-09-30 | acquisition_addition | completed | 1999-07-30 | United States | Other Brands | other f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Donatos, Inc. effective July 30, 1999. Specific headcount not disclosed, but employees credited with service since Jan 1, 1998. | ||||
| 1999-06-30 | restructuring | in_progress | 525 | 1998-04-01 | United States | Home office (corporate) | USD 160 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Home office productivity initiative announced in Q2 1998; reduced home office staffing by approximately 525 positions and consolidated facilities. Remaining accrual of approximately $73 million for employee-related costs included in Other accrued liabilities at June 30, 1999; no significant adjustments to original plan. | ||
| 1999-06-30 | restructuring | in_progress | 525 | 1998-04-01 | United States | Home office / corporate | USD 160 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced Q2 1998; $160M pre-tax charge ($110M after tax). Remaining accrual ~$73M at 1999-06-30. Reduced home office staffing by ~525 positions; no significant adjustments to original plan. | ||
| 1999-06-30 | restructuring | in_progress | 525 | 1998-06-30 | Global | Home Office | USD 160 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Home office productivity initiative announced in Q2 1998. Reduced staffing by approx 525 positions. Remaining accrual of $73 million as of June 30, 1999. | ||
| 1999-03-31 | restructuring | in_progress | 1998 | United States | Home office / corporate support | USD 160 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in 1998; MD&A reports expected annual SG&A savings of about $100 million beginning in 2000, with roughly two-thirds realized in 1999. No employee count disclosed; $160 million pre-tax special charge recorded in 1998 per Exhibit 12 footnote. | |||
| 1999-03-31 | plant_closure | announced | 1999 | 1999-12-31 | United States | Company-operated restaurants | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filing notes U.S. net restaurant additions of (10) for the quarter, including the closing of about 30 low-volume satellite locations during 1999. No associated workforce count disclosed. | |||
| 1998-12-31 | restructuring | in_progress | 525 | 1998-06-30 | 1999-12-31 | United States — corporate home office (Oak Brook, Illinois) | Corporate home office staff functions | USD 160 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan approved and $160.0M pre-tax special charge recorded in second quarter 1998; date shown is quarter-end proxy. Charge comprised $85.8M employee severance/outplacement, $40.8M lease cancellation and facilities costs, $18.3M capitalized technology write-off, and $15.1M other cash payments. Approximately 400 of the ~525 positions eliminated as of Dec 31, 1998, with remaining severance accrual ~$105M; remaining positions expected to be eliminated by year-end 1999. Program targets ~$100M annual SG&A savings beginning 2000, about two-thirds realized by end of 1999 (~$15M realized in 1998). | |
| 1998-12-31 | plant_closure | completed | United States | U.S. low-volume satellite restaurants | MD&A f5-10k / GLM-5.3-flash-HTML | Closures of low-volume U.S. satellite locations (together with a more stringent site-selection process) reduced 1998 U.S. net restaurant additions and were cited in 1998 capital-efficiency discussion; no headcount impact or 1998-specific charge quantified. Follows the earlier satellite-closure plan ($72M special charge recorded in 1996, actions completed in 1997). | |||||
| 1998-12-31 | restructuring | in_progress | 525 | 1998-06-30 | 1999-12-31 | United States | Home office / corporate | USD 160 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program announced in Q2 1998 to reduce home office staffing by approximately 525 positions. Approximately 400 positions reduced as of 1998-12-31; remaining positions expected eliminated by year-end 1999. $160M pre-tax charge includes $85.8M severance/outplacement, $40.8M lease cancellation/facilities, $18.3M technology write-off, $15.1M other cash payments. Remaining accrual approximately $105M at year-end 1998. | |
| 1998-12-31 | restructuring | in_progress | 525 | 1998-06-30 | 1999-12-31 | United States | Home Office | USD 160 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Home office productivity initiative announced in second quarter 1998. Includes 525 positions to be eliminated. As of Dec 31, 1998, approx 400 positions eliminated. Remaining accrual approx $105 million. | |
| 1998-12-31 | restructuring | in_progress | 525 | 1998-06-30 | 1999-12-31 | United States | Home Office | USD 160 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Home office productivity initiative reducing staffing by approximately 525 positions. As of Dec 31, 1998, 400 positions reduced; remaining expected by year-end 1999. Pre-tax charge of $160 million. | |
| 1998-09-30 | restructuring | in_progress | 525 | 1998-04-01 | United States | Home office / corporate staff | USD 160 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Home office productivity initiative finalized and approved in Q2 1998; charge primarily severance, outplacement, and facilities consolidation. Company expects ~$100 million annual SG&A savings beginning 2000, about two-thirds realized in 1999. | ||
| 1998-09-30 | plant_closure | announced | 1998-12-31 | Primarily United States | Low volume satellite restaurants | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company plans to close nearly 200 low volume satellite restaurants in 1998, reducing net restaurant additions to about 1,800 despite opening over 2,000; no headcount figure disclosed. | ||||
| 1998-09-30 | restructuring | in_progress | 525 | 1998-06-30 | United States | Home office / corporate | USD 160 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Home office productivity plan finalized and approved in Q2 1998; charge primarily severance, outplacement and facilities consolidation. Announcement month only disclosed (second quarter 1998); date shown is quarter-end approximation. Expected annual SG&A savings of about $100 million beginning in 2000, with about two-thirds realized in 1999; no explicit completion date stated. | ||
| 1998-09-30 | plant_closure | announced | 1998-09-30 | United States | Company-operated restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to close nearly 200 low-volume satellite restaurants, primarily in the U.S., alongside a more selective growth strategy in five Southeast Asian countries. No employee-impact count or charge disclosed. | ||||
| 1998-09-30 | restructuring | completed | 525 | 1998-06-30 | Global | Home Office | USD 160 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Home office productivity initiative finalized in Q2 1998; charge primarily comprised of employee severance, outplacement, and facilities consolidation costs. | ||
| 1998-06-30 | restructuring | in_progress | 525 | 1998-06 | United States | Home office (corporate) | USD 160 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Home office productivity initiative approved in Q2 1998 to improve staff alignment and reduce ongoing SG&A; charge primarily severance, outplacement, and facilities consolidation. Expected SG&A savings of about $100 million per year beginning 2000, with about two-thirds realized in 1999. Exact announcement date not stated; plan finalized and approved in second quarter 1998. | ||
| 1998-06-30 | restructuring | in_progress | 525 | United States | Home office / corporate | USD 160 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Home office productivity plan finalized and approved in Q2 1998; charge primarily severance, outplacement and facilities consolidation. Company expects about $100 million of annual SG&A savings beginning in 2000, with about two-thirds realized in 1999. No total workforce headcount disclosed, so percentage of workforce cannot be computed. | |||
| 1998-06-30 | restructuring | in_progress | 525 | 1998-06-30 | Home Office | Selling, general, and administrative | USD 160 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Home office productivity initiative to reduce staffing by approx 525 positions and consolidate facilities. Charge primarily comprised of employee severance, outplacement, and facilities consolidation costs. | ||
| 1998-03-31 | restructuring | announced | 1998-03 | 1998-06-30 | Global (home office); U.S. and Canada (restaurant operations) | Home office / corporate SG&A; Company-operated restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | March 1998 initiatives: home office alignment and productivity study to reduce SG&A, with one-time costs and quantified savings expected to be concluded in Q2 1998; no employee counts or severance amounts disclosed. Related special charge of approximately $170-190 million (Q2 1998) for the U.S./Canada 'Made for You' food system conversion is an operating charge, not severance. | |||
| 1998-03-31 | restructuring | announced | 1998-03-31 | United States and Canada | Restaurant Operations and Home Office | USD 180 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company announced initiatives including 'Made for You' food preparation system conversion and home office productivity study. Anticipates special charge of $170-$190 million in Q2 1998. Employee count affected not disclosed. | |||
| 1997-12-31 | plant_closure | in_progress | 1996 | United States | U.S. Company-operated low-volume satellite restaurants; property management function | USD 72 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Special charge (recorded Q4 1996 per quarterly results table) funded plans to close roughly 115 low-volume U.S. satellite restaurants, replace certain equipment, and outsource excess property management; no employee count disclosed. FY1997 MD&A states the previously announced satellite closings partly drove the lower 1997 U.S. expansion rate, indicating execution ran through 1997; filing does not state a completion date. | |||
| 1997-12-31 | acquisition_addition | completed | 1997-02-14 | 1997-02-14 | United States | Restaurant management and staff of acquired Roy Rogers restaurants | other f5-10k / GLM-5.3-flash-HTML | Plan amendment states restaurant management and staff became employees of Restaurant Acquisition Corp., McDonald's Corporation or another employer on 1997-02-14 as a result of the Roy Rogers acquisition, with prior Hardee's-affiliated service credited for plan purposes; headcount not quantified. | |||
| 1997-12-31 | restructuring | announced | 1998-03-26 | 1998-06-30 | United States | Home office (corporate) staff | subsequent_events f5-10k / GLM-5.3-flash-HTML | Subsequent to fiscal year-end, Company announced plans to improve home office staff alignment, focus and productivity and reduce SG&A; an internal team assisted by consultants will study home office spending, with the study expected to conclude within Q2 1998, when ongoing savings and any related one-time charge will be quantified. No headcount reductions or charge amounts disclosed yet. | |||
| 1997-12-31 | plant_closure | completed | 1996-01-01 | 1997-12-31 | United States | Restaurant Operations | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Special charge related to plans to strengthen the U.S. business by closing approximately 115 low-volume U.S. satellite restaurants, replacing equipment, and outsourcing property management. Charge recorded in 1996 but impacts 1997 workforce composition. | ||
| 1997-12-31 | restructuring | completed | 1996-12-31 | 1997-12-31 | United States | Restaurant Operations | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 1996 special charge related to plans to strengthen U.S. business, including closing approximately 115 low-volume U.S. satellite restaurants, replacing equipment, and outsourcing property management. | ||
| 1997-12-31 | plant_closure | completed | 1996-12-31 | 1997-12-31 | United States | Restaurant Operations | MD&A f5-10k / Qwen3.6-27B-Q8_0 | U.S. expansion rate declined partly due to previously announced satellite restaurant closings. | |||
| 1997-06-30 | plant_closure | announced | United States | Company-operated and franchised restaurants | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A cites an elevated number of U.S. restaurant closings, mainly previously announced satellite locations, as the driver of low net U.S. unit additions. No employee count, closure count, or charge disclosed. | |||||
| 1996-12-31 | restructuring | completed | 1996-12-31 | United States | U.S. segment — company-operated and franchised restaurant operations | USD 72 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Special charge recorded in Q4 1996 covered closing roughly 115 low-volume U.S. satellite restaurants, equipment replacement, outsourcing of property management and other cost efficiencies; number of employees affected not disclosed. Also discussed in MD&A and quarterly results. | |||
| 1996-12-31 | acquisition_addition | completed | 1996 | Italy | Europe/Africa/Middle East/India segment — restaurant operations | MD&A f5-10k / GLM-5.3-flash-HTML | Acquisition of about 80 Burghy restaurants in mid-1996 nearly tripled the Italian restaurant base; headcount added not disclosed. | ||||
| 1996-12-31 | restructuring | completed | United States | U.S. restaurant operations | USD 72 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Special charge for closing ~115 low-volume U.S. satellite restaurants, equipment replacement, outsourcing property management, and other cost efficiencies; no employee count disclosed | ||||
| 1996-12-31 | plant_closure | completed | United States | U.S. satellite restaurants | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of approximately 115 low-volume U.S. satellite restaurants as part of the $72M special charge; employee impact not quantified | |||||
| 1996-12-31 | restructuring | completed | 1996-12-31 | 1996-12-31 | United States | Restaurant Operations | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Special charge related to plans to strengthen the U.S. business, including closing approximately 115 low-volume satellite restaurants, replacing equipment, and outsourcing property management. Employee count not explicitly disclosed. | ||
| 1996-12-31 | restructuring | completed | 1996-12-31 | 1996-12-31 | United States | Restaurant Operations | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Special charge related to plans to strengthen the U.S. business, including closing approximately 115 low-volume U.S. satellite restaurants, replacing equipment, and outsourcing property management. Employee count affected not explicitly disclosed. |