McDonald's Corporation responded to the Securities and Exchange Commission's (SEC) inquiry regarding its Form 10-K for the fiscal year ended December 31, 2023. The SEC's comment letter dated September 12, 2024, questioned the lack of disclosure for McDonald's UK defined benefit pension plan in accordance with ASC 715-20-50. In a letter dated September 25, 2024, McDonald's acknowledged the comment and clarified that the UK Plan is not material to the financial statements, citing its overfunded status and the fact that it represents only about 1% of total assets and liabilities. The Company also noted that the pension benefit is a minor portion of income before taxes and that employer contributions to the plan are less than 0.5% of cash provided by operations. McDonald's provided quantitative data to support its position and stated that the UK Plan has been frozen to new entrants since 2002. The Company's Executive Vice President and Global Chief Financial Officer, Ian Borden, signed the response, indicating readiness to address any further comments or questions from the SEC.

McDonald's Corporation responded to the Securities and Exchange Commission's (SEC) inquiry regarding its Form 10-K for the fiscal year ended December 31, 2023. The SEC's comment letter dated September 12, 2024, questioned the lack of disclosure for McDonald's UK defined benefit pension plan in accordance with ASC 715-20-50. In a letter dated September 25, 2024, McDonald's acknowledged the comment and clarified that the UK Plan is not material to the financial statements, citing its overfunded status and the fact that it represents only about 1% of total assets and liabilities. The Company also noted that the pension benefit is a minor portion of income before taxes and that employer contributions to the plan are less than 0.5% of cash provided by operations. McDonald's provided quantitative data to support its position and stated that the UK Plan has been frozen to new entrants since 2002. The Company's Executive Vice President and Global Chief Financial Officer, Ian Borden, signed the response, indicating readiness to address any further comments or questions from the SEC.