I was wondering, what does negative Total Equity means in McDonald's balance sheet?
For "Total Equity" row, it is showing "-2,204.30 million" As of 2016-12-31
"When shareholder equity is negative, it’s often due to the accounting methods used to deal with accumulated losses in previous years. Such losses are generally viewed as liabilities that carry forward until future cancellation. Often, they exist only on paper, which enables a company to stay open even with large, ongoing losses"
But, isn't McDonald a very healthy company, and never lost money?