Non-Current Liabilities

McDonald's·Balance Sheet Statement·16 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Long-term debt	$38.5B	$39B	$38.4B	$38.8B	$40.8B	$39.5B	$40B	$40.1B
Total Carrying Value of Debt	$38.5B	$39.6B	$38.6B	$38.9B	$41.4B	$41.3B	$40.1B	$40.1B
Operating lease liabilities, non-current	$12.8B	$13.2B	$12.9B	$13.2B	$13.8B	$13.8B	$14.1B	$14.1B
Deferred income	$791M	$800M	$778M	$914M	$933M	$936M	$945M	$946M
Other non-current liabilities	$885M	$855M	$771M	$755M	$790M	$694M	$704M	$686M
Accrued Employee Benefits (Non-Current)	—	—	$413M	—	—	—	$421M	—
Debt Maturity - 2027	—	—	$3.4B	—	—	—	$3B	—
Debt Maturity - Thereafter	—	—	$22.6B	—	—	—	$25.1B	—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	—	—	$152M	—	—	—	$157M	—
Net Deferred Tax Liabilities	—	—	$437M	—	—	—	$25M	—
Deferred Tax Liabilities - Right-of-Use Asset	—	—	$3.2B	—	—	—	$3.5B	—
Finance lease liabilities	—	—	$1.8B	—	—	—	$2.3B	—
Finance Lease Liabilities (Total)	—	—	$1.8B	—	—	—	$2.4B	—
Hedge Accounting Fair Value Adjustments	—	—	-$40M	—	—	—	-$15M	—
Unrecognized Tax Benefits - Impacting Effective Tax Rate	—	—	$425M	—	—	—	$402M	—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued	—	—	$17M	—	—	—	$18M	—