McDonald's Corporation has filed its Form 11-K for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report includes financial statements for the McDonald's Corporation 401(k) Plan, which is the company's only tax-qualified retirement plan. The independent audit, conducted by Crowe LLP, concluded that the financial statements present fairly the net assets available for benefits as of December 31, 2023, and the changes in net assets available for benefits for the year ended on that date, in conformity with U.S. generally accepted accounting principles. The audit report also includes supplemental schedules and notes to the financial statements, providing detailed information on the plan's investments, participant contributions, and administrative expenses. The plan...Show More

McDonald's Corporation has filed its Form 11-K for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report includes financial statements for the McDonald's Corporation 401(k) Plan, which is the company's only tax-qualified retirement plan. The independent audit, conducted by Crowe LLP, concluded that the financial statements present fairly the net assets available for benefits as of December 31, 2023, and the changes in net assets available for benefits for the year ended on that date, in conformity with U.S. generally accepted accounting principles. The audit report also includes supplemental schedules and notes to the financial statements, providing detailed information on the plan's investments, participant contributions, and administrative expenses. The plan's net assets available for benefits increased from $3,637,723,000 at the beginning of the year to $3,849,531,000 at the end of the year, with investments in McDonald's common stock and various collective funds. The report also outlines amendments to the plan, including changes to contribution limits and definitions, as well as the addition of new participating employers. The audit was performed in accordance with the standards of the Public Company Accounting Oversight Board and did not identify any material misstatements.