Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Revenues by Geographic Segment

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

	2015		2014		2013
Revenues:
TH	$	2,956.9	$	143.6	$	—
BK		1,095.3		1,055.2		1,146.3
Total revenues	$	4,052.2	$	1,198.8	$	1,146.3

Reconciliation of Segment Income to Net Income (Loss)

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

	2015		2014			2013
Segment Income:
TH	$	906.7	$	34.9		$	—
BK		759.5		726.0			665.6
Adjusted EBITDA		1,666.2		760.9			665.6
Share-based compensation and non-cash incentive compensation expense		51.8		37.3			17.6
Acquisition accounting impact on cost of sales		0.5		11.8			—
TH transaction and restructuring costs		116.7		125.0			—
Global portfolio realignment project costs		—		—			26.2
Impact of equity method investments (a)		17.7		9.5			12.7
Other operating expenses (income), net		105.5		327.4			21.3
EBITDA		1,374.0		249.9			587.8
Depreciation and amortization		181.8		68.8			65.6
Income from operations		1,192.2		181.1			522.2
Interest expense, net		478.3		279.7			200.0
Loss on early extinguishment of debt		40.0		155.4			—
Income tax expense		162.2		15.3			88.5
Net income (loss)	$	511.7	$	(269.3	)	$	233.7

(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.

Depreciation and Amortization Expense

	2015		2014		2013
Depreciation and Amortization:
TH	$	121.4	$	4.5	$	—
BK		60.4		64.3		65.6
Total depreciation and amortization	$	181.8	$	68.8	$	65.6

(Income) Loss from Equity Method Investments

	2015			2014			2013
(Income) Loss from Equity Method Investments:
TH	$	(7.9	)	$	(0.3	)	$	—
BK		12.0			9.8			12.7
Total (income) loss from equity method investments	$	4.1		$	9.5		$	12.7

Capital Expenditure

	2015			2014			2013
Capital Expenditures:
TH		$	88.1		$	8.0		$	—
BK			27.2			22.9			25.5
Total capital expenditures		$	115.3		$	30.9		$	25.5

Schedule of Segment Related Assets and Long Lived Assets

	Assets				Long-Lived Assets
	As of December 31,				As of December 31,
	2015		2014		2015		2014
TH	$	12,646.8	$	14,814.4	$	1,407.5	$	1,667.0
BK		4,693.1		5,277.6		860.3		910.0
Unallocated		1,071.2		1,251.0		—		—
Total	$	18,411.1	$	21,343.0	$	2,267.8	$	2,577.0