Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
Revenues by operating segment:
TH	$	710	$	699
BK	407		388
PLK	143		138
Total revenues	$	1,260	$	1,225

	Three Months Ended March 31,
	2021		2020
Revenues by country (a):
Canada	$	638	$	632
United States	478		450
Other	144		143
Total revenues	$	1,260	$	1,225

(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,
	2021		2020
Segment income:
TH	$	207	$	189
BK	217		200
PLK	56		55
Adjusted EBITDA	480		444
Share-based compensation and non-cash incentive compensation expense	26		21
Corporate restructuring and tax advisory fees	1		1
Impact of equity method investments (a)	4		4
Other operating expenses (income), net	(42)		(16)
EBITDA	491		434
Depreciation and amortization	49		45
Income from operations	442		389
Interest expense, net	124		119
Income tax expense	47		46
Net income	$	271	$	224

(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.