Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Revenues by Operating Segment and Country

Revenues by operating segment and country consist of the following (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Revenues by operating segment:
TH	$	759.8	$	764.0	$	1,417.6	$	1,447.7
BK		280.4		278.2		541.1		527.8
Total revenues	$	1,040.2	$	1,042.2	$	1,958.7	$	1,975.5
Revenues by country:
Canada	$	683.0	$	680.4	$	1,264.2	$	1,285.0
United States		246.3		250.1		475.8		481.9
Other		110.9		111.7		218.7		208.6
Total revenues	$	1,040.2	$	1,042.2	$	1,958.7	$	1,975.5

Reconciliation of Segment Income to Net Income

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Segment Income:
TH	$	279.0		$	234.9		$	506.8		$	419.3
BK		200.1			192.9			380.1			363.6
Adjusted EBITDA		479.1			427.8			886.9			782.9
Share-based compensation and non-cash incentive compensation expense		11.3			8.1			19.2			22.0
Acquisition accounting impact on cost of sales		—			(1.0	)		—			0.8
TH transaction and restructuring costs		—			27.4			—			55.4
Integration costs		3.8			—			6.0			—
Impact of equity method investments (a)		7.8			10.1			(7.9	)		11.0
Other operating expenses (income), net		(11.3	)		35.2			29.5			72.8
EBITDA		467.5			348.0			840.1			620.9
Depreciation and amortization		43.5			45.9			85.5			94.7
Income from operations		424.0			302.1			754.6			526.2
Interest expense, net		117.2			123.2			232.3			246.3
(Gain) loss on early extinguishment of debt		—			39.9			—			39.6
Income tax expense		59.2			45.2			106.4			95.9
Net income	$	247.6		$	93.8		$	415.9		$	144.4

(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.