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| MCD > SEC Filings for MCD > Form 8-K on 28-Sep-2012 | All Recent SEC Filings |
28-Sep-2012
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McDonald's Corporation (the "Company") is filing this Current Report on Form 8-K to reflect the retrospective adoption of an amendment to the Financial Accounting Standards Board's Accounting Standards Codification Topic 220, "Comprehensive Income" ("ASC 220"), with respect to the financial information contained in its Annual Report on Form 10-K for the year ended December 31, 2011. As previously disclosed in the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2012, the Company adopted the amendment to ASC 220, which addressed the presentation of comprehensive income in financial statements. The amendment affects only the display of information and does not change existing recognition and measurement requirements in our consolidated financial statements.
The following presents the unaudited Consolidated Statements of Comprehensive Income for the Company for each of the three years in the period ended December 31, 2011, which should be read in conjunction with the information in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.
McDonald's Corporation Consolidated Statement of Comprehensive Income Years Ended December 31, In millions 2011 2010 2009 Net income $ 5,503.1 $ 4,946.3 $ 4,551.0 Other comprehensive income (loss), net of tax Foreign currency translation adjustments, net of hedging (285.1 ) (3.0 ) 714.1 Cash flow hedging adjustments (10.4 ) (1.5 ) (31.5 ) Pension liability adjustment (7.7 ) 10.0 (36.5 ) Total other comprehensive income (loss), net of tax (303.2 ) 5.5 646.1 Comprehensive income $ 5,199.9 $ 4,951.8 $ 5,197.1 |
The information included in this Current Report on Form 8-K is presented for information purposes only in connection with the reporting change described above and does not amend or restate the Company's audited consolidated financial statements, which were included in its Annual Report on Form 10-K for the year ended December 31, 2011. This Current Report on Form 8-K does not reflect events occurring after the Company filed its Annual Report on Form 10-K for the year ended December 31, 2011, and does not modify or update the disclosures therein in any way, other than to illustrate the adoption of the new accounting standard as described above.
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