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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Total Revenues $ 1,391 $ 1,436 $ 4,130 $ 4,301
Costs and Expenses, Net        
Cost of Goods and Services Sold 399 717 1,258 2,223
Franchisor Costs 40 61 127 161
General and Administrative Expense 204 215 631 699
Cooperative Advertising Expense 288 0 834 0
Refranchising (gain) loss (100) (201) (285) (331)
Other (income) expense 7 1 10 3
Total costs and expenses, net 838 793 2,575 2,755
Operating Profit 553 643 1,555 1,546
Other investment (income) expense, net (96) (1) (185) (3)
Other pension (income) expense 4 10 10 42
Interest expense, net 111 110 330 325
Income Before Income Taxes 534 524 1,400 1,182
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 534 524 1,400 1,182
Income tax provision 80 106 192 278
Net Income $ 454 $ 418 $ 1,208 $ 904
Earnings Per Share, Basic $ 1.43 $ 1.21 $ 3.72 $ 2.58
Diluted Earnings Per Common Share 1.40 1.18 3.64 2.52
Dividends Declared Per Common Share $ 0.36 $ 0 $ 1.08 $ 0.60
Product [Member]        
Revenues        
Revenues $ 499 $ 871 $ 1,523 $ 2,682
Franchise [Member]        
Revenues        
Revenues 605 565 1,773 1,619
Advertising [Member]        
Revenues        
Revenues $ 287 $ 0 $ 834 $ 0