---
schema_version: "secwatch.filing_event.v1"
accession: "0000063908-22-000020"
form_type: "8-K"
ticker: "MCD"
cik: "0000063908"
company_name: "MCDONALDS CORP"
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T15:49:09.625851+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# McDonald's to exit Russia, expects $1.2-1.4B charge to write off investment

## Summary
- Initiated process to sell entire Russian portfolio to local buyer; restaurants will be 'de-Arched' and no longer use McDonald's branding.
- Expects non-cash impairment charge of approximately $1.2-1.4B to write off net investment in Russia and record foreign currency translation losses.
- Reaffirms 2022 outlook; expects operating margin in 40% range (mid-40% adjusted), ~1,300 net additions, capex $2.1-2.3B.
- McDonald's will seek to ensure 62,000 Russian employees are paid until transaction closes and have future employment with buyer.
- Ukraine restaurants remain closed; company continues to pay salaries and support relief efforts.

## SEC filing metadata
- accession: 0000063908-22-000020
- form_type: 8-K
- ticker: MCD
- cik: 0000063908
- company_name: MCDONALDS CORP
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63908/000006390822000020/0000063908-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63908/000006390822000020/mcd-20220516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000063908-22-000020
- JSON: https://secwatch.observer/filing/0000063908-22-000020.json
- Plain text: https://secwatch.observer/filing/0000063908-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.