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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total Revenues $ 1,263 $ 1,254
Costs and Expenses, Net    
Cost of Goods and Services Sold 298 272
Franchisor Costs 58 43
General and Administrative Expense 208 211
Cooperative Advertising Expense 310 301
Refranchising (gain) loss (13) (6)
Other (income) expense 152 0
Total costs and expenses, net 1,013 821
Operating Profit 250 433
Other investment (income) expense, net [1] 34 16
Other pension (income) expense 3 3
Interest expense, net 118 115
Income Before Income Taxes 95 299
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 95 299
Income Tax Expense (Benefit) 12 37
Net Income $ 83 $ 262
Earnings Per Share, Basic $ 0.28 $ 0.85
Diluted Earnings Per Common Share 0.27 0.83
Dividends Declared Per Common Share $ 0.47 $ 0.42
Product [Member]    
Revenues    
Revenues $ 355 $ 333
Franchise [Member]    
Revenues    
Revenues 596 612
Advertising [Member]    
Revenues    
Revenues $ 312 $ 309
[1]
Includes changes in the value of Grubhub, Inc. common stock and other investments (see Note 13).