Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Change in contract liabilities

The following table reflects the change in contract liabilities between December 31, 2019 and March 31, 2020 (in millions):

Contract Liabilities	TH			BK			PLK			Consolidated
Balance at December 31, 2019	$	64		$	449		$	28		$	541
Recognized during period and included in the contract liability balance at the beginning of the year	(2		)	(30		)	(1		)	(33		)
Increase, excluding amounts recognized as revenue during the period	2			6			3			11
Impact of foreign currency translation	(3		)	(4		)	—			(7		)
Balance at March 31, 2020	$	61		$	421		$	30		$	512

Schedule of estimated revenues expected to be recognized

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 March 31, 2020 (in millions):

Contract liabilities expected to be recognized in	TH		BK		PLK		Consolidated
Remainder of 2020	$	6	$	26	$	2	$	34
2021	8		33		2		43
2022	7		32		2		41
2023	7		31		2		40
2024	6		30		2		38
Thereafter	27		269		20		316
Total	$	61	$	421	$	30	$	512

Disaggregation of total revenues

Total revenues consist of the following (in millions):

	Three Months Ended March 31,
	2020		2019
Sales	$	503	$	522
Royalties	526		528
Property revenues	178		199
Franchise fees and other revenue	18		17
Total revenues	$	1,225	$	1,266