Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

McDonald’s Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and equivalents	1,085)	4,579)	2,584)	4,709)	3,449)
Accounts and notes receivable	2,383)	2,488)	2,115)	1,872)	2,110)
Inventories, at cost, not in excess of market	56)	53)	52)	56)	51)
Prepaid expenses and other current assets	1,075)	866)	673)	511)	633)
Current assets	4,599)	7,986)	5,424)	7,149)	6,243)
Investments in and advances to affiliates	2,710)	1,080)	1,065)	1,201)	1,297)
Goodwill	3,145)	3,040)	2,900)	2,783)	2,773)
Miscellaneous	6,094)	5,618)	4,707)	4,450)	3,527)
Other assets	11,949)	9,738)	8,672)	8,433)	7,598)
Operating lease right-of-use asset, net	11,319)	11,724)	11,052)	13,552)	13,828)
Net property and equipment	25,295)	24,908)	23,774)	24,721)	24,958)
Finance lease right-of-use asset, net	2,020)	1,790)	1,514)	—)	—)
Net property and equipment, including finance lease right-of-use asset	27,315)	26,698)	25,287)	24,721)	24,958)
Long-term assets	50,583)	48,160)	45,011)	46,706)	46,384)
Total assets	55,182)	56,147)	50,436)	53,854)	52,627)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	McDonald’s Corp. current assets increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net property and equipment, including finance lease right-of-use asset	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	McDonald’s Corp. net property and equipment, including finance lease right-of-use asset increased from 2022 to 2023 and from 2023 to 2024.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	McDonald’s Corp. long-term assets increased from 2022 to 2023 and from 2023 to 2024.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	McDonald’s Corp. total assets increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	McDonald’s Corp. cash and equivalents increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Accounts and notes receivable	The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.	McDonald’s Corp. accounts and notes receivable increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Inventories, at cost, not in excess of market	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	McDonald’s Corp. inventories, at cost, not in excess of market increased from 2022 to 2023 and from 2023 to 2024.

McDonald’s Corp. (NYSE:MCD)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items