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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 7,076 $ 6,842 $ 6,584
Costs and Expenses, Net      
Company restaurant expenses 1,774 1,745 1,725
General and administrative expenses 1,193 1,140 1,060
Franchise and property expenses 123 123 117
Franchise advertising and other services expense 1,683 1,667 1,576
Refranchising (gain) loss (29) (27) (35)
Other (income) expense 14 7 2
Costs and Expenses, Total 4,758 4,655 4,445
Operating Profit 2,318 2,187 2,139
Investment (income) expense, net [1] (7) (11) (86)
Other Pension (income) expense [1] (6) 9 7
Interest Income (Expense), Net [1] 513 527 544
Income (Loss) Attributable to Parent, before Tax, Total 1,818 1,662 1,674
Income tax provision 221 337 99
Net Income $ 1,597 $ 1,325 $ 1,575
Basic Earnings Per Common Share (in dollars per share) $ 5.68 $ 4.63 $ 5.30
Diluted Earnings Per Common Share (in dollars per share) 5.59 4.57 5.21
Dividends Declared Per Common Share (in dollars per share) $ 2.42 $ 2.28 $ 2.00
Company Sales      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,142 $ 2,072 $ 2,106
Franchise and property revenue [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax 3,247 3,096 2,900
Franchise contributions for advertising and other services      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,687 $ 1,674 $ 1,578
[1] Amounts have not been allocated to any segment for performance reporting purposes.