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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Company sales $ 512 $ 902
Franchise and property revenues 584 515
Franchise contributions for advertising and other services 275 0
Total Revenues 1,371 1,417
Costs and Expenses, Net    
Company restaurant expenses 438 758
General and Administrative Expense 219 237
Franchise and license expenses 47 46
Cooperative Advertising Expense 272 0
Refranchising (gain) loss (156) (111)
Other (income) expense (2) 3
Total costs and expenses, net 818 933
Operating Profit 553 484
Other investment (income) expense, net (66) (1)
Other pension (income) expense 3 28
Interest expense, net 107 110
Income Before Income Taxes 509 347
Income tax provision 76 67
Net Income $ 433 $ 280
Basic Earnings Per Common Share $ 1.30 $ 0.78
Diluted Earnings Per Common Share 1.27 0.77
Dividends Declared Per Common Share $ 0.36 $ 0.30