Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Revenues by Operating Segment

Revenues by operating segment consist of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Revenues:
TH	$	737.7	$	—	$	2,185.4	$	—
BK		282.0		278.9		809.8		781.0
Total revenues	$	1,019.7	$	278.9	$	2,995.2	$	781.0

Reconciliation of Segment Income to Net Income (Loss)

A reconciliation of segment income to net income (loss) consists of the following:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015		2014
Segment Income:
TH	$	244.0		$	—		$	663.3	$	—
BK		196.7			194.4			560.3		536.9
Adjusted EBITDA		440.7			194.4			1,223.6		536.9
Share-based compensation and non-cash incentive compensation expense		15.5			4.5			37.5		12.2
Acquisition accounting impact on cost of sales		(0.3	)		—			0.5		—
TH transaction and restructuring costs		24.3			30.7			79.7		30.7
Impact of equity method investments (a)		4.7			(4.1	)		15.7		5.8
Other operating expenses (income), net		9.4			145.9			82.2		155.8
EBITDA		387.1			17.4			1,008.0		332.4
Depreciation and amortization		43.1			16.5			137.8		48.7
Income from operations		344.0			0.9			870.2		283.7
Interest expense, net		116.0			51.3			362.3		151.9
(Gain) loss on early extinguishment of debt		0.4			—			40.0		—
Income tax expense (benefit)		44.7			(26.9	)		140.7		19.8
Net income (loss)	$	182.9		$	(23.5	)	$	327.2	$	112.0

(a) Represents (i) (income) loss from equity method investments and (ii) cash distributions received from our equity method investments. Cash distributions received from our equity method investments are included in segment income.