Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

The following tables present revenues, by segment and by country (in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Revenues by operating segment:
TH	$	567	$	842	$	1,266	$	1,591
BK	347		447		735		858
PLK	134		111		272		217
Total revenues	$	1,048	$	1,400	$	2,273	$	2,666


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Revenues by country (a):
Canada	$	514	$	764	$	1,146	$	1,440
United States	443		479		893		923
Other	91		157		234		303
Total revenues	$	1,048	$	1,400	$	2,273	$	2,666

(a)Only Canada and the United States represented 10% or more of our total revenues in each period presented.

Reconciliation of Segment Income to Net Income (Loss)


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Segment income:
TH	$	147	$	287	$	336	$	524
BK	160		252		360		474
PLK	51		41		106		82
Adjusted EBITDA	358		580		802		1,080
Share-based compensation and non-cash incentive compensation expense	23		19		44		44

Corporate restructuring and tax advisory fees	7		11		8		17
Office centralization and relocation costs	—		2		—		6
Impact of equity method investments (a)	18		9		22		10
Other operating expenses (income), net	21		3		5		(14)
EBITDA	289		536		723		1,017
Depreciation and amortization	46		45		91		92
Income from operations	243		491		632		925
Interest expense, net	128		137		247		269

Income tax (benefit) expense	(49)		97		(3)		153
Net income	$	164	$	257	$	388	$	503

(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.