麦当劳 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto McDONALD’SCORPORATION (Exact name of registrant as specified in its charter) 36-2361282(I.R.S. Employer Identification No.)60607(Zip code) Delaware (State or other jurisdictionof incorporation or organization) 110 North Carpenter Street,Chicago,Illinois (Address of principal executive offices) Registrant’s telephone number, including area code:(630)623-3000Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of theExchange Act.☒☐Non-accelerated filer☐Smaller reporting company☐☐ Large accelerated filerAccelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b)☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒The aggregate market value of the registrant's common stock held by non-affiliates as of June28, 2024:182,778,968,633.The number of shares outstanding of the registrant’s common stock as of January31, 2025:714,461,139. DOCUMENTS INCORPORATED BY REFERENCE Part III of this Form 10-K incorporates information by reference from the registrant’s 2025 definitive proxy statement, which will be filed no later than 120 days after McDONALD’S CORPORATIONTABLE OF CONTENTS ORGANIZATION OF THIS ANNUAL REPORT ON FORM 10-K The order and presentation of content in this Annual Report on Form 10-K ("Form 10-K") differs from the traditional U.S. Securities and ExchangeCommission ("SEC") Form 10-K format. McDonald's Corporation believes the format used in this Form 10-K improves readability and betterpresents how it organizes and manages its business. See "Form 10-K Cross-Reference Index" for a cross-reference index to the traditional SECForm 10-K format. Page Forward-Looking Statements About McDonald's Business Summary Management's Discussion and Analysis of Financial Condition and Results of OperationsManagement's View of the Business 2024 Financial PerformanceStrategic DirectionOutlookConsolidated Operating ResultsCash FlowsFinancial Position and Capital ResourcesOther Matters Other Key Information Stock Performance GraphMarket for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesRisk FactorsCybersecurityLegal ProceedingsPropertiesInformation About our Executive OfficersAvailability of Company Information Financial Statements and Supplementary Data All trademarks used herein are the property of their respective owners and are used with permission. FORWARD-LOOKING STATEMENTS The information in this Form 10-K contai