The reconciliations to the most comparable measurements, in accordance with accounting principles generally accepted in the U. S. , for the numerator and denominator of the one-year and threeyear ROIIC are as follows (dollars in millions):
## Table 0 ##
(1) Represents the effect of foreign currency translation by translating results at an average exchange rate for the periods measured.
(2) Represents one-year weighted-average adjusted cash used for investing activities, determined by applying the weightings below to the adjusted cash used for investing activities for each quarter in the two-year period ended December 31, 2009.
## Table 1 ##
(3) The impact of impairment and other charges (credits), net between 2009 and 2008 benefited the one-year ROIIC by 4.0 percentage points.
## Table 2 ##
(4) Represents depreciation and amortization from continuing operations.
(5) Represents the effect of foreign currency translation by translating results at an average exchange rate for the periods measured.
(6) Represents three-year weighted-average adjusted cash used for investing activities, determined by applying the weightings below to the adjusted cash used for investing activities for each quarter in the four-year period ended December 31, 2009.
## Table 3 ##
RISK FACTORS AND CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING INFORMATION This report includes forward-looking statements about our plans and future performance, including those under Outlook for 2010.
These statements use such words as “may,” “will,” “expect,” “believe” and “plan.
” They reflect our expectations and speak only as of the date of this report.
We do not undertake to update them.
Our expectations (or the underlying assumptions) may change or not be realized, and you should not rely unduly on forward-looking statements.
We have identified the principal risks and uncertainties that affect our performance in the Company’s filings with the Securities and Exchange Commission, and investors are urged to consider these risks and uncertainties when evaluating our historical and expected performance.
Notes to Consolidated Financial Statements Summary of Significant Accounting Policies NATURE OF BUSINESS The Company franchises and operates McDonald’s restaurants in the food service industry.
The Company had a minority ownership interest in U. K. -based Pret A Manger that it sold in May 2008, and a 100% ownership interest in U. S. -based Boston Market that it sold in August 2007.
All restaurants are operated either by the Company or by franchisees, including conventional franchisees under franchise arrangements, and foreign affiliated markets (affiliates) and developmental licensees under license agreements.
The following table presents restaurant information by ownership type:
## Table 4 ##
CONSOLIDATION The consolidated financial statements include the accounts of the Company and its subsidiaries.
Investments in affiliates owned 50% or less (primarily McDonald’s Japan) are accounted for by the equity method.
The Company evaluates its business relationships such as those with franchisees, joint venture partners, developmental licensees, suppliers, and advertising cooperatives to identify potential variable interest entities.
Generally, these businesses qualify for a scope exception under the consolidation guidance.
The Company has concluded that consolidation of any such entities is not appropriate.
In June 2009, the Financial Accounting Standards Board (FASB) issued amendments to the guidance on variable interest entities and consolidation, codified primarily in the Consolidation Topic of the FASB Accounting Standards Codification (ASC).
This guidance modifies the method for determining whether an entity is a variable interest entity as well as the methods permitted for determining the primary beneficiary of a variable interest entity.
In addition, this guidance requires ongoing reassessments of whether a company is the primary beneficiary of a variable interest entity and enhanced disclosures related to a company’s involvement with a variable interest entity.
This guidance was effective beginning January 1, 2010, and we do not expect the adoption to have a significant impact on our consolidated financial statements.
ESTIMATES IN FINANCIAL STATEMENTS The preparation of financial statements in conformity with accounting principles generally accepted in the U. S.  requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.
Actual results could differ from those estimates.
REVENUE RECOGNITION The Company’s revenues consist of sales by Company-operated restaurants and fees from franchised restaurants operated by conventional franchisees, developmental licensees and affiliates.
Sales by Company-operated restaurants are recognized on a cash basis.
The Company presents sales net of sales tax and other sales-related taxes.
Revenues from conventional franchised restaurants include rent and royalties based on a percent of sales with minimum rent payments, and initial fees.
Revenues from restaurants licensed to affiliates and developmental licensees include a royalty based on a percent of sales, and may include initial fees.
Continuing rent and royalties are recognized in the period earned.
Initial fees are recognized upon opening of a restaurant or granting of a new franchise term, which is when the Company has performed substantially all initial services required by the franchise arrangement.
FOREIGN CURRENCY TRANSLATION The functional currency of operations outside the U. S.  is the respective local currency.
ADVERTISING COSTS Advertising costs included in operating expenses of Companyoperated restaurants primarily consist of contributions to advertising cooperatives and were (in millions): 2009–$650.8; 2008–$703.4; 2007–$718.3.
Production costs for radio and television advertising are expensed when the commercials are initially aired.
These production costs, primarily in the U. S. , as well as other marketing-related expenses included in selling, general & administrative expenses were (in millions): 2009–$94.7; 2008–$79.2; 2007–$87.7.
In addition, significant advertising costs are incurred by franchisees through contributions to advertising cooperatives in individual markets.
SHARE-BASED COMPENSATION Share-based compensation includes the portion vesting of all share-based payments granted based on the grant date fair value estimated in accordance with the provisions of the Compensation – Stock Compensation Topic of the FASB ASC.
Share-based compensation expense and the effect on diluted net income per common share were as follows:
## Table 5 ##
Compensation expense related to share-based awards is generally amortized on a straight-line basis over the vesting period in selling, general & administrative expenses in the Consolidated statement of income.
As of December 31, 2009, there was $100.9 million of total unrecognized compensation cost related to nonvested share-based compensation that is expected to be recognized over a weighted-average period of 2.1 years.
The fair value of each stock option granted is estimated on the date of grant using a closed-form pricing model.
The following table presents the weighted-average assumptions used in the option pricing model for the 2009, 2008 and 2007 stock option grants.
The expected life of the options represents the period of time the options are expected to be outstanding and is based on historical trends.
Expected stock price volatility is generally based on the historical volatility of the Company’s stock for a period approximating the expected life.
The expected dividend yield is
shares): 2009–15.2; 2008–19.4; 2007–23.5.
Stock options that were not included in diluted weighted-average shares because they would have been antidilutive were (in millions of shares): 2009–0.7; 2008–0.6; 2007–0.7.
The Company has elected to exclude the pro forma deferred tax asset associated with share-based compensation in net income per share.
STATEMENT OF CASH FLOWS The Company considers short-term, highly liquid investments with an original maturity of 90 days or less to be cash equivalents.
SABBATICAL LEAVE In certain countries, eligible employees are entitled to take a paid sabbatical after a predetermined period of service.
In 2006, the FASB issued guidance on accounting for sabbatical leave, codified in the Compensation – General Topic of the FASB ASC.
Under this guidance, compensation costs associated with a sabbatical should be accrued over the requisite service period, assuming certain conditions are met.
The Company adopted the guidance effective January 1, 2007, as required and accordingly, recorded a $36.1 million cumulative adjustment, net of tax, to decrease beginning retained earnings in the first quarter 2007.
The annual impact to earnings is not significant.
SUBSEQUENT EVENTS In May 2009, the FASB issued guidance on subsequent events, codified in the Subsequent Events Topic of the FASB ASC.
This guidance sets forth the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements.
The guidance also indicates the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements, as well as the disclosures that an entity should make about events or transactions that occurred after the balance sheet date.
The Company adopted this guidance beginning in the second quarter 2009.
The adoption had no impact on our consolidated financial statements, besides the additional disclosure.
The Company evaluated subsequent events through the date the financial statements were issued and filed with the Securities and Exchange Commission, which was February 26, 2010.
There were no subsequent events that required recognition or disclosure.
Property and Equipment
## Table 6 ##
Depreciation and amortization expense related to continuing operations was (in millions): 2009–$1,160.8; 2008–$1,161.6; 2007–$1,145.0.
Discontinued Operations The Company previously operated Boston Market in the U. S. , which it sold in August 2007.
As a result of the disposal, Boston Market’s results of operations and transaction gain are reflected as discontinued operations.
In connection with the sale, the Company received proceeds of approximately $250 million and recorded a gain of $68.6 million after tax.
In addition, Boston Market’s net loss for 2007 was $8.5 million.
Boston Market’s results of operations for 2007 (exclusive of the transaction gains), which previously were included in Other Countries & Corporate, consisted of $444.1 million of revenues and a pretax loss of $17.0 million.
Latam Transaction In August 2007, the Company completed the sale of its businesses in Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries in Latin America and the Caribbean, which totaled 1,571 restaurants, to a developmental licensee organization.
The Company refers to these markets as “Latam”.
Based on approval by the Company’s Board of Directors on April 17, 2007, the Company concluded Latam was “held for sale” as of that date in accordance with guidance on the impairment or disposal of long-lived assets.
As a result, the Company recorded an impairment charge of $1.7 billion in 2007, substantially all of which was noncash.
The total charges for the full year included $895.8 million for the difference between the net book value of the Latam business and approximately $675 million in cash proceeds received.
This loss in value was primarily due to a historically difficult economic environment coupled with volatility experienced in many of the markets included in this transaction.
The charges also included historical foreign currency translation losses of $769.5 million recorded in shareholders’ equity.
The Company recorded a tax benefit of $62.0 million in connection with this transaction.
The tax benefit was minimal in 2007 due to the Company’s inability to utilize most of the capital losses generated by this transaction.
As a result of meeting the “held for sale” criteria, the Company ceased recording depreciation expense with respect to Latam effective April 17, 2007.
In connection with the sale, the Company agreed to indemnify the buyers for certain tax and other claims, certain of which are reflected on McDonald’s Consolidated balance sheet (2009: other long-term liabilities–$71.8 million; accrued payroll and other liabilities–$25.3 million; 2008: other long-term liabilities–$141.8 million).
The change in the total balance was primarily a result of the resolution of certain of these liabilities as well as the impact of foreign currency translation.
The Company mitigates the currency impact to income of these foreign currency denominated liabilities through the use of forward foreign exchange agreements.
The buyers of the Company’s operations in Latam entered into a 20-year master franchise agreement that requires the buyers, among other obligations to (i) pay monthly royalties commencing at a rate of approximately 5% of gross sales of the restaurants in these markets, substantially consistent with market
Changes in our performance retention awards during 2009 were as follows:

Tables referenced above, in order (Table 0 first):
<table><tr><td><i>Years ended December 31,</i></td><td> <i>2009</i></td><td><i>2008</i></td><td><i>Incremental</i><i>change</i></td><td></td></tr><tr><td>NUMERATOR:</td><td></td><td></td><td></td><td></td></tr><tr><td>Operating income</td><td>$6,841.0</td><td>$6,442.9</td><td>$ 398.1</td><td></td></tr><tr><td>Depreciation and amortization</td><td>1,216.2</td><td>1,207.8</td><td>8.4</td><td></td></tr><tr><td>Currency translation<i><sup>-1</sup></i></td><td></td><td></td><td>324.3</td><td></td></tr><tr><td colspan="3"> Incremental adjusted operating income plus depreciation and amortization (atconstant foreign exchange rates)</td><td> $ 730.8</td><td> </td></tr><tr><td>DENOMINATOR:</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="3">Weighted–average adjusted cash used for investing activities<i><sup>-2</sup></i></td><td>$1,893.8</td><td></td></tr><tr><td>Currency translation<i><sup>-1</sup></i></td><td></td><td></td><td>31.1</td><td></td></tr><tr><td colspan="3"> Weighted–average adjusted cash used for investing activities (at constant foreign exchange rates)</td><td> $1,924.9</td><td> </td></tr><tr><td> One-year ROIIC<i><sup>-3</sup></i> </td><td></td><td></td><td> 38.0</td><td> %</td></tr></table>
<table><tr><td></td><td colspan="2">Years ended December 31,</td></tr><tr><td></td><td>2008</td><td>2009</td></tr><tr><td><i>Cash used for investing activities</i></td><td>$1,624.7</td><td>$1,655.3</td></tr><tr><td><i>Less: Cash generated from investing activities related to Pret A Manger transaction</i></td><td>-229.4</td><td></td></tr><tr><td><i>Less: Cash generated from investing activities related to Redboxtransaction</i></td><td></td><td>-144.9</td></tr><tr><td><i>Adjusted cash used for investing activities</i></td><td>$1,854.1</td><td>$1,800.2</td></tr><tr><td><i>AS A PERCENT</i></td><td></td><td></td></tr><tr><td><i>Quarters ended:</i></td><td></td><td></td></tr><tr><td><i>March 31</i></td><td>12.5%</td><td>87.5%</td></tr><tr><td><i>June 30</i></td><td>37.5</td><td>62.5</td></tr><tr><td><i>September 30</i></td><td>62.5</td><td>37.5</td></tr><tr><td><i>December 31</i></td><td>87.5</td><td>12.5</td></tr></table>
<table><tr><td><i>Years ended December 31,</i></td><td> <i>2009</i></td><td><i>2006</i></td><td>Incremental change</td></tr><tr><td>NUMERATOR:</td><td></td><td></td><td></td></tr><tr><td>Operating income</td><td>$6,841.0</td><td>$4,433.0</td><td>$2,408.0</td></tr><tr><td>Depreciation and amortization<i><sup>-4</sup></i></td><td>1,216.2</td><td>1,191.0</td><td>25.2</td></tr><tr><td>Currency translation<i><sup>-5</sup></i></td><td></td><td></td><td>-128.6</td></tr><tr><td colspan="3"> Incremental adjusted operating income plus depreciation and amortization (atconstant foreign exchange rates)</td><td>$2,304.6</td></tr><tr><td>DENOMINATOR:</td><td></td><td></td><td></td></tr><tr><td colspan="3">Weighted–average adjusted cash used for investing activities<i><sup>-6</sup></i></td><td>$5,471.9</td></tr><tr><td>Currency translation<i><sup>-5</sup></i></td><td></td><td></td><td>-95.5</td></tr><tr><td colspan="3"> Weighted–average adjusted cash used for investing activities (at constant foreign exchange rates)</td><td>$5,376.4</td></tr><tr><td> Three-year ROIIC<i><sup>-7</sup></i> </td><td></td><td></td><td>42.9%</td></tr></table>
<table><tr><td></td><td colspan="4">Years ended December 31,</td></tr><tr><td></td><td>2006</td><td>2007</td><td>2008</td><td>2009</td></tr><tr><td><i>Cash used for investing activities</i></td><td>$1,274.1</td><td>$1,150.1</td><td>$1,624.7</td><td>$1,655.3</td></tr><tr><td><i>Less: Cash generated from investing activities related to Boston Market & Chipotle</i></td><td>-203.8</td><td>-184.3</td><td></td><td></td></tr><tr><td><i>Less: Cash generated from investing activities related to Latam transaction</i></td><td></td><td>-647.5</td><td></td><td></td></tr><tr><td><i>Less: Cash generated from investing activities related to Pret A Manger transaction</i></td><td></td><td></td><td>-229.4</td><td></td></tr><tr><td><i>Less: Cash generated from investing activities related to Redboxtransaction</i></td><td></td><td></td><td></td><td>-144.9</td></tr><tr><td><i>Adjusted cash used for investing activities</i></td><td>$1,477.9</td><td>$1,981.9</td><td>$1,854.1</td><td>$1,800.2</td></tr><tr><td><i>AS A PERCENT</i></td><td></td><td></td><td></td><td></td></tr><tr><td><i>Quarters ended:</i></td><td></td><td></td><td></td><td></td></tr><tr><td><i>March 31</i></td><td>12.5%</td><td>100.0%</td><td>100.0%</td><td>87.5%</td></tr><tr><td><i>June 30</i></td><td>37.5</td><td>100.0</td><td>100.0</td><td>62.5</td></tr><tr><td><i>September 30</i></td><td>62.5</td><td>100.0</td><td>100.0</td><td>37.5</td></tr><tr><td><i>December 31</i></td><td>87.5</td><td>100.0</td><td>100.0</td><td>12.5</td></tr></table>
<table><tr><td><i>Restaurants at December 31,</i></td><td> <i>2009</i></td><td><i>2008</i></td><td><i>2007</i></td></tr><tr><td>Conventional franchised</td><td> 19,020</td><td>18,402</td><td>17,634</td></tr><tr><td>Developmental licensed</td><td> 3,160</td><td>2,926</td><td>2,756</td></tr><tr><td>Affiliated</td><td> 4,036</td><td>4,137</td><td>4,081</td></tr><tr><td>Franchised</td><td> 26,216</td><td>25,465</td><td>24,471</td></tr><tr><td>Company-operated</td><td> 6,262</td><td>6,502</td><td>6,906</td></tr><tr><td> Systemwide restaurants</td><td> 32,478</td><td>31,967</td><td>31,377</td></tr></table>
<table><tr><td><i>In millions, except per share data</i></td><td> <i>2009</i></td><td><i>2008</i></td><td><i>2007</i></td></tr><tr><td>Share-based compensation expense</td><td>$112.9</td><td>$112.5</td><td>$142.4</td></tr><tr><td>After tax</td><td>$76.1</td><td>$75.1</td><td>$94.9</td></tr><tr><td>Net income per common share-diluted</td><td>$0.07</td><td>$0.07</td><td>$0.07</td></tr></table>
<table><tr><td><i>In millions</i></td><td>December 31, 2009</td><td>2008</td></tr><tr><td>Land</td><td>$ 5,048.3</td><td>$4,689.6</td></tr><tr><td>Buildings and improvements on owned land</td><td>12,119.0</td><td>10,952.3</td></tr><tr><td>Buildings and improvements on leased land</td><td>11,347.9</td><td>10,788.6</td></tr><tr><td>Equipment, signs and seating</td><td>4,422.9</td><td>4,205.1</td></tr><tr><td>Other</td><td>502.4</td><td>516.8</td></tr><tr><td></td><td>33,440.5</td><td>31,152.4</td></tr><tr><td>Accumulated depreciation and amortization</td><td>-11,909.0</td><td>-10,897.9</td></tr><tr><td>Net property and equipment</td><td>$ 21,531.5</td><td>$20,254.5</td></tr></table>

Question: What is the sum of Systemwide restaurants of 2007, Operating income of 2006, and Buildings and improvements on owned land of 2008 ?
Answer: 49170.3
Reasoning program: add(31377.0,6841.0), add(#0,10952.3)