Segment Reporting and Geographical Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of revenue by segment and country

The following tables present revenues, by segment and by country, depreciation and amortization, (income) loss from equity method investments, and capital expenditures by segment (in millions):

	2020		2019		2018
Revenues by operating segment:
TH	$	2,810	$	3,344	$	3,292
BK	1,602		1,777		1,651
PLK	556		482		414
Total	$	4,968	$	5,603	$	5,357
Revenues by country (a):
Canada	$	2,546	$	3,037	$	2,984
United States	1,889		1,930		1,785
Other	533		636		588
Total	$	4,968	$	5,603	$	5,357

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

Schedule of segment related depreciation and amortization expense

Depreciation and amortization:
TH	$	119	$	112	$	108
BK	62		62		61
PLK	8		11		11
Total	$	189	$	185	$	180

Schedule of segment related income (loss) from equity method investments

(Income) loss from equity method investments:
TH	$	(4)	$	(7)	$	(6)
BK	43		(4)		(16)
Total	$	39	$	(11)	$	(22)

Schedule of segment related capital expenditure

Capital expenditures:
TH	$	92	$	37	$	59
BK	18		20		25
PLK	7		5		2
Total	$	117	$	62	$	86

Schedule of segment related assets and long lived assets

Total assets by segment, and long-lived assets by segment and country are as follows (in millions):

	Assets				Long-Lived Assets
	As of December 31,				As of December 31,
	2020		2019		2020		2019
By operating segment:
TH	$	13,963	$	13,894	$	1,990	$	1,972
BK	5,334		5,149		1,128		1,130
PLK	2,525		2,490		131		129
Unallocated	955		827		—		—
Total	$	22,777	$	22,360	$	3,249	$	3,231
By country:
Canada					$	1,685	$	1,665
United States					1,539		1,542
Other					25		24
Total					$	3,249	$	3,231

Reconciliation of segment income to net income (loss)

	2020		2019		2018
Segment income:
TH	$	823	$	1,122	$	1,127
BK	823		994		928
PLK	218		188		157
Adjusted EBITDA	1,864		2,304		2,212
Share-based compensation and non-cash incentive compensation expense	84		74		55
PLK Transaction costs	—		—		10
Corporate restructuring and tax advisory fees	16		31		25
Office centralization and relocation costs	—		6		20
Impact of equity method investments (a)	48		11		(3)
Other operating expenses (income), net	105		(10)		8
EBITDA	1,611		2,192		2,097
Depreciation and amortization	189		185		180
Income from operations	1,422		2,007		1,917
Interest expense, net	508		532		535
Loss on early extinguishment of debt	98		23		—
Income tax expense	66		341		238
Net income	$	750	$	1,111	$	1,144

(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.