Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Revenues by Operating Segment and Country

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

	Three Months Ended March 31,
	2020		2019
Revenues by operating segment:
TH	$	699	$	749
BK	388		411
PLK	138		106
Total revenues	$	1,225	$	1,266

	Three Months Ended March 31,
	2020		2019
Revenues by country (a):
Canada	$	632	$	676
United States	450		444
Other	143		146
Total revenues	$	1,225	$	1,266

(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)

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

	Three Months Ended March 31,
	2020			2019
Segment income:
TH	$	189		$	237
BK	200			222
PLK	55			41
Adjusted EBITDA	444			500
Share-based compensation and non-cash incentive compensation expense	21			25
Corporate restructuring and tax advisory fees	1			6
Office centralization and relocation costs	—			4
Impact of equity method investments (a)	4			1
Other operating expenses (income), net	(16		)	(17		)
EBITDA	434			481
Depreciation and amortization	45			47
Income from operations	389			434
Interest expense, net	119			132
Income tax expense	46			56
Net income	$	224		$	246

(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.