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| <periodOfReport> 2016-02-11 </periodOfReport> |
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| | <issuerCik> 0000063908 </issuerCik> |
| | <issuerName> MCDONALDS CORP </issuerName> |
| | <issuerTradingSymbol> MCD </issuerTradingSymbol> |
| | </issuer> |
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| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001425716 </rptOwnerCik> |
| | | <rptOwnerName> OZAN KEVIN M </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> MCDONALD'S CORPORATION </rptOwnerStreet1> |
| | | <rptOwnerStreet2> 2915 JORIE BOULEVARD </rptOwnerStreet2> |
| | | <rptOwnerCity> OAK BROOK </rptOwnerCity> |
| | | <rptOwnerState> IL </rptOwnerState> |
| | | <rptOwnerZipCode> 60523 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
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| | | <isOfficer> 1 </isOfficer> |
| | | <isTenPercentOwner> 0 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | <officerTitle> Exec Vice Pres & CFO </officerTitle> |
| | | <otherText></otherText> |
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| | | <postTransactionAmounts> |
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| | | <transactionDate> |
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| | | <conversionOrExercisePrice> |
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| | | <exerciseDate> |
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| <value> 2019-02-11 </value> |
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| | | <underlyingSecurity> |
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| <value> 10709 </value> |
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| | | <postTransactionAmounts> |
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| <value> 10709 </value> |
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| | | <ownershipNature> |
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| <value> D </value> |
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| | | </derivativeTransaction> |
| | <derivativeTransaction> |
| | | <securityTitle> |
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| | | <conversionOrExercisePrice> |
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| | | <transactionDate> |
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| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
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| | | <exerciseDate> |
| <value> 2016-02-13 </value> |
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| | | <expirationDate> |
| <value> 2016-02-13 </value> |
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| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
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| <underlyingSecurityShares> |
| <value> 2128 </value> |
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| | | <postTransactionAmounts> |
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| <value> Restricted Stock Units </value> |
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| | | <conversionOrExercisePrice> |
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| | | <transactionDate> |
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| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
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| <value> 2016-02-13 </value> |
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| | | <expirationDate> |
| <value> 2016-02-13 </value> |
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| <underlyingSecurityTitle> |
| <value> Common Stock </value> |
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| <value> 1197 </value> |
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| <value> 0 </value> |
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| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
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| </ownershipNature> |
| | | </derivativeTransaction> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Phantom Stock </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <footnoteId id="F5"/> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <footnoteId id="F6"/> |
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| | | <expirationDate> |
| <footnoteId id="F6"/> |
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| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Common Stock </value> |
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| <underlyingSecurityShares> |
| <value> 2339.85 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 2339.85 </value> |
| </sharesOwnedFollowingTransaction> |
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| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> I </value> |
| </directOrIndirectOwnership> |
| <natureOfOwnership> |
| <value> Non-Qualified Benefit Plan </value> |
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| | | </derivativeHolding> |
| | </derivativeTable> |
| <footnotes> |
| | <footnote id="F1"> Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant. </footnote> |
| | <footnote id="F2"> Each restricted stock unit ("RSU") represents a right to acquire one share of McDonald's Corporation common stock. Upon vesting, payout under the RSUs will be in the form of shares or, at the discretion of the Compensation Committee of the Board of Directors, the cash value thereof. No dividend, voting or other shareholder rights attach to the RSUs until they vest and only if the payout upon vesting is in shares of common stock. </footnote> |
| | <footnote id="F3"> Subject to performance-based vesting conditions linked to net income growth and return on incremental invested capital ("ROIIC") for the period of January 1, 2016 through December 31, 2018 (the "Performance Period"). If McDonald's Corporation satisfies both the net income and ROIIC thresholds, then the number of RSUs that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&P 500 Index over the Performance Period. The number of RSUs earned will range from 0% to 200% of the target number of RSUs granted. </footnote> |
| | <footnote id="F4"> Each RSU represents a right to acquire one share of McDonald's Corporation common stock. As a result of the Company's performance against the performance-based vesting condition, the reporting person vested in 0.00% of the original grant of 1,197 RSUs; therefore, all 1,197 RSUs were forfeited. </footnote> |
| | <footnote id="F5"> Each share of phantom stock represents a right to receive the cash value of one share of McDonald's Corporation common stock. </footnote> |
| | <footnote id="F6"> Shares of phantom stock are payable in cash following the reporting person's separation from service with McDonald's. </footnote> |
| | </footnotes> |
| <remarks></remarks> |
| <ownerSignature> |
| | <signatureName> /s/ Christopher Weber, Attorney-in-fact </signatureName> |
| | <signatureDate> 2016-02-16 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |