CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues
Total Revenues		$ 1,547	$ 1,486
Costs and Expenses, Net
Company restaurant expenses		402	392
General and Administrative Expense		253	206
Franchise and property expenses		32	23
Franchise advertising and other services expense		361	343
Refranchising (gain) loss		(4)	(15)
Other (income) expense		(6)	(6)
Total costs and expenses, net		1,038	943
Operating Profit		509	543
Investment (income) expense, net	[1]	(7)	0
Other pension (income) expense		0	3
Interest expense, net	[2]	118	131
Income Before Income Taxes		398	409
Income tax provision		(1)	83
Net Income		$ 399	$ 326
Basic Earnings Per Common Share		$ 1.38	$ 1.09
Diluted Earnings Per Common Share		1.36	1.07
Dividends Declared Per Common Share		$ 0.57	$ 0.50
Company Sales
Revenues
Revenues		$ 470	$ 476
Franchise and property revenues
Revenues
Revenues		714	658
Franchise contributions for advertising and other services
Revenues
Revenues		$ 363	$ 352

[1] Includes changes in the value of our investment in Devyani International Limited (see Note 12).

[2] Includes fees expensed and unamortized debt-issuance costs written off totaling $12 million related to the refinancing of the Credit Agreement (as described within our 2021 Form 10-K) during the quarter ended March 31, 2021.