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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total Revenues $ 1,448 $ 1,339 $ 3,909 $ 3,903
Costs and Expenses, Net        
Cost of Goods and Services Sold 399 292 1,046 850
Franchisor Costs 13 43 107 124
General and Administrative Expense 257 208 724 617
Cooperative Advertising Expense 313 325 887 941
Refranchising (gain) loss (9) (8) (30) (18)
Other (income) expense 4 (1) 154 5
Total costs and expenses, net 977 859 2,888 2,519
Operating Profit 471 480 1,021 1,384
Other investment (income) expense, net (10) 59 (67) 50
Other pension (income) expense 4 1 9 4
Interest expense, net 161 120 411 354
Income Before Income Taxes 316 300 668 976
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 316 300 668 976
Income Tax Expense (Benefit) 33 45 96 170
Net Income $ 283 $ 255 $ 572 $ 806
Earnings Per Share, Basic $ 0.94 $ 0.83 $ 1.89 $ 2.63
Diluted Earnings Per Common Share 0.92 0.81 1.86 2.57
Dividends Declared Per Common Share $ 0.47 $ 0.42 $ 1.41 $ 1.26
Product [Member]        
Revenues        
Revenues $ 486 $ 364 $ 1,244 $ 1,056
Franchise [Member]        
Revenues        
Revenues 639 645 1,760 1,890
Advertising [Member]        
Revenues        
Revenues $ 323 $ 330 $ 905 $ 957