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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Total Revenues $ 1,368 $ 1,448 $ 2,739 $ 2,865
Costs and Expenses, Net        
Cost of Goods and Services Sold 421 748 859 1,506
Franchisor Costs 40 54 87 100
General and Administrative Expense 208 247 427 484
Cooperative Advertising Expense 274 0 546 0
Refranchising (gain) loss (29) (19) (185) (130)
Other (income) expense 5 (1) 3 2
Total costs and expenses, net 919 1,029 1,737 1,962
Operating Profit 449 419 1,002 903
Other investment (income) expense, net (23) (1) (89) (2)
Other pension (income) expense 3 4 6 32
Interest expense, net 112 105 219 215
Income Before Income Taxes 357 311 866 658
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 357 311 866 658
Income tax provision 36 105 112 172
Net Income $ 321 $ 206 $ 754 $ 486
Earnings Per Share, Basic $ 0.99 $ 0.59 $ 2.30 $ 1.37
Diluted Earnings Per Common Share 0.97 0.58 2.25 1.34
Dividends Declared Per Common Share $ 0.36 $ 0.30 $ 0.72 $ 0.60
Product [Member]        
Revenues        
Revenues $ 512 $ 909 $ 1,024 $ 1,811
Franchise [Member]        
Revenues        
Revenues 584 539 1,168 1,054
Advertising [Member]        
Revenues        
Revenues $ 272 $ 0 $ 547 $ 0