What was the beginning balance related to deferred income tax expense for Burger King?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
x assets and deferred tax liabilities are presented below (in millions):
| As of December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Deferred tax assets: | ||||
| Accounts and notes receivable | $ 3 | $ | 5 | |
| Accrued employee benefits | 53 | 53 | ||
| Leases | 95 | 104 | ||
| Operating lease liabilities | 504 | 311 | ||
| Liabilities not currently deductible for tax | 665 | 452 | ||
| Tax loss and c |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, the beginning balance related to deferred income tax expense is detailed in Item 20. The table provides financial figures related to deferred income tax expenses. The beginning balance is listed as $1,563, $194, and $356.
These figures represent the starting point for deferred income tax calculations, which are influenced by changes in estimates, deferred tax assets, losses and credits, and other comprehensive income. Understanding these balances is crucial for assessing Burger King's financial position and tax obligations.
For a prospective franchisee, this information offers insight into the financial management and tax strategies of Burger King. While this specific data point may not directly impact day-to-day operations, it contributes to the overall financial health and stability of the company, which can indirectly affect franchisees. Reviewing these figures in the context of the full FDD can provide a more comprehensive understanding of Burger King's financial practices.