Name: McDonald’s Corp. (NYSE:MCD) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

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.

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McDonald’s Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and equivalents	822)	1,170)	774)	2,413)	1,876)	1,238)	1,085)	1,221)	792)	838)	4,579)	3,496)	1,626)	3,708)	2,584)	2,828)	1,873)	2,336)	4,709)	4,306)	3,049)	3,020)
Accounts and notes receivable	2,485)	2,432)	2,466)	2,579)	2,550)	2,387)	2,383)	2,460)	2,404)	2,238)	2,488)	2,247)	2,194)	2,076)	2,115)	1,890)	1,837)	1,674)	1,872)	1,829)	1,808)	1,734)
Inventories, at cost, not in excess of market	58)	61)	61)	55)	55)	51)	56)	54)	46)	46)	53)	48)	52)	52)	52)	43)	43)	50)	56)	50)	48)	45)
Prepaid expenses and other current assets	980)	1,046)	862)	1,032)	1,120)	1,059)	1,075)	1,177)	963)	935)	866)	1,059)	1,074)	964)	673)	979)	1,167)	597)	511)	612)	796)	669)
Current assets	4,345)	4,709)	4,163)	6,079)	5,601)	4,735)	4,599)	4,912)	4,205)	4,057)	7,986)	6,850)	4,945)	6,799)	5,424)	5,741)	4,919)	4,656)	7,149)	6,796)	5,701)	5,468)
Investments in affiliates	2,896)	2,865)	2,820)	2,864)	2,827)	2,751)	2,710)	2,960)	2,876)	2,883)	1,080)	1,038)	1,039)	1,088)	1,065)	964)	1,074)	1,177)	1,201)	1,171)	1,197)	1,211)
Goodwill	3,347)	3,349)	3,354)	3,306)	3,308)	3,186)	3,145)	3,220)	3,048)	3,028)	3,040)	2,965)	2,969)	2,931)	2,900)	2,651)	2,722)	2,814)	2,783)	2,744)	2,778)	2,746)
Miscellaneous	6,394)	6,356)	6,331)	6,588)	6,494)	6,266)	6,094)	5,673)	5,627)	5,586)	5,618)	5,063)	4,869)	4,795)	4,707)	4,255)	4,403)	4,417)	4,450)	4,058)	3,890)	3,499)
Other assets	12,637)	12,570)	12,505)	12,758)	12,629)	12,203)	11,949)	11,853)	11,551)	11,497)	9,738)	9,066)	8,876)	8,813)	8,672)	7,870)	8,200)	8,408)	8,433)	7,974)	7,864)	7,456)
Lease right-of-use asset, net	14,459)	14,513)	14,606)	14,285)	14,286)	13,642)	13,339)	13,632)	13,234)	13,277)	13,514)	12,250)	12,519)	12,544)	12,566)	12,193)	12,794)	13,379)	13,552)	13,529)	13,707)	13,629)
Property and equipment, at cost	49,943)	49,477)	49,290)	48,215)	47,609)	45,258)	44,177)	45,178)	43,846)	43,432)	43,570)	41,967)	42,131)	41,487)	41,038)	39,097)	40,114)	41,773)	41,917)	41,424)	41,536)	41,082)
Accumulated depreciation and amortization	(21,464)	(21,232)	(21,049)	(20,729)	(20,570)	(19,509)	(18,882)	(19,403)	(19,035)	(18,750)	(18,662)	(18,043)	(18,030)	(17,629)	(17,264)	(16,399)	(16,780)	(17,338)	(17,196)	(16,995)	(16,915)	(16,532)
Net property and equipment	28,479)	28,245)	28,241)	27,486)	27,039)	25,749)	25,295)	25,775)	24,811)	24,682)	24,908)	23,924)	24,102)	23,859)	23,774)	22,698)	23,335)	24,435)	24,721)	24,429)	24,620)	24,550)
Long-term assets	55,575)	55,328)	55,352)	54,529)	53,954)	51,594)	50,583)	51,260)	49,596)	49,456)	48,160)	45,239)	45,497)	45,216)	45,011)	42,761)	44,329)	46,221)	46,706)	45,931)	46,192)	45,635)
Total assets	59,920)	60,037)	59,515)	60,608)	59,555)	56,329)	55,182)	56,172)	53,801)	53,513)	56,147)	52,089)	50,442)	52,014)	50,436)	48,502)	49,248)	50,878)	53,854)	52,727)	51,893)	51,103)

Total assets demonstrate a general upward trajectory over the analyzed period, increasing from 51.1 billion USD in March 2021 to 59.9 billion USD by June 2026. This growth is characterized by a transition from liquidity-heavy current assets toward a larger concentration of long-term capital investments and strategic holdings.

Liquidity and Current Asset Trends: Current assets exhibit significant volatility, peaking at 7.9 billion USD in December 2023 before declining to 4.3 billion USD by June 2026. This fluctuation is primarily driven by cash and equivalents, which reached a high of 4.7 billion USD in December 2021 but experienced a sharp contraction starting in early 2024, falling to levels below 1 billion USD in several quarters. Conversely, accounts and notes receivable have shown a consistent long-term increase, growing from 1.7 billion USD in March 2021 to 2.4 billion USD by June 2026, suggesting a shift in the composition of short-term assets.
Fixed Asset Expansion and Depreciation: Net property and equipment have grown steadily from 24.5 billion USD in March 2021 to 28.4 billion USD in June 2026. This was achieved through a substantial increase in gross property and equipment, which rose from 41.0 billion USD to 49.9 billion USD. This expansion is offset by a corresponding rise in accumulated depreciation and amortization, which moved from negative 16.5 billion USD to negative 21.4 billion USD over the same period, reflecting the aging of the asset base alongside new acquisitions.
Strategic and Intangible Assets: A notable shift occurred in investments in affiliates, which remained relatively stable around 1 billion USD until March 2024, at which point they surged to 2.8 billion USD and remained at that elevated level through June 2026. Goodwill has also trended upward, increasing from 2.7 billion USD to 3.3 billion USD. Miscellaneous assets showed a similar positive correlation, growing from 3.4 billion USD to 6.3 billion USD, contributing significantly to the overall growth of other assets.
Leasehold and Operational Assets: Lease right-of-use assets have remained relatively stable with a slight overall increase, moving from 13.6 billion USD in March 2021 to 14.4 billion USD in June 2026. Inventories have remained remarkably consistent throughout the entire period, fluctuating within a narrow range between 43 million USD and 61 million USD, indicating a highly efficient or standardized inventory management system.

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McDonald’s Corp. (NYSE:MCD)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data