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Revenue Recognition
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract Liabilities
Contract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We may recognize unamortized upfront fees when a contract with a franchisee or master franchisee is modified and is accounted for as a termination of the existing contract. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets. The following table reflects the change in contract liabilities between December 31, 2020 and June 30, 2021 (in millions):
Contract LiabilitiesTHBKPLKConsolidated
Balance at December 31, 2020$62 $427 $39 $528 
Recognized during period and included in the contract liability balance at the beginning of the year(5)(21)(1)(27)
Increase, excluding amounts recognized as revenue during the period5 15 9 29 
Impact of foreign currency translation1 (5)— (4)
Balance at June 30, 2021$63 $416 $47 $526 
The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2021 (in millions):
Contract liabilities expected to be recognized inTHBKPLKConsolidated
Remainder of 2021$5 $18 $2 $25 
20229 34 3 46 
20239 33 3 45 
20248 32 3 43 
20256 31 3 40 
Thereafter26 268 33 327 
Total$63 $416 $47 $526 
Disaggregation of Total Revenues
Total revenues consist of the following (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Sales$590 $406 $1,097 $909 
Royalties391 277 737 606 
Property revenues203 158 385 336 
Franchise fees and other revenue20 15 40 33 
Advertising revenues234 192 439 389 
Total revenues$1,438 $1,048 $2,698 $2,273