v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 974 $ 1,163
Accounts and notes receivable, net of allowance of $45 and $54, respectively 799 794
Inventories, net 237 205
Prepaids and other current assets 300 179
Assets held for sale - discontinued operations 0 489
Total current assets 2,310 2,830
Property and equipment, net of accumulated depreciation and amortization of $1,335 and $1,245, respectively 2,251 2,303
Operating lease assets, net 1,998 1,961
Intangible assets, net 10,880 11,190
Goodwill 6,166 6,306
Other assets, net 1,658 1,025
Total assets 25,263 25,615
Current liabilities:    
Accounts and drafts payable 816 866
Other accrued liabilities 1,344 1,271
Gift card liability 168 249
Current portion of long-term debt and finance leases 89 68
Liabilities held for sale - discontinued operations 0 437
Total current liabilities 2,417 2,891
Long-term debt, net of current portion 13,184 13,250
Finance leases, net of current portion 243 261
Operating lease liabilities, net of current portion 1,941 1,900
Other liabilities, net 895 1,034
Deferred income taxes, net 1,055 1,120
Total liabilities 19,735 20,456
Shareholders’ equity:    
Common shares, no par value; Unlimited shares authorized at September 30, 2026 and December 31, 2025; 348,600,694 shares issued and outstanding at September 30, 2026; 346,323,165 shares issued and outstanding at December 31, 2025 2,686 2,859
Retained earnings 2,490 1,795
Accumulated other comprehensive income (loss) (1,236) (1,020)
Total Restaurant Brands International Inc. shareholders’ equity 3,940 3,634
Noncontrolling interests 1,588 1,525
Total shareholders’ equity 5,528 5,159
Total liabilities and shareholders’ equity $ 25,263 $ 25,615