Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Operating leases Property Revenues

Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Lease income - operating leases
Minimum lease payments	$	92	$	97	$	186	$	195
Variable lease payments	119		119		230		215
Amortization of favorable and unfavorable income lease contracts, net	1		1		1		1
Subtotal - lease income from operating leases	212		217		417		411
Earned income on direct financing and sales-type leases	1		3		2		5
Total property revenues	$	213	$	220	$	419	$	416

Schedule of Financing leases Property Revenues

Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Lease income - operating leases
Minimum lease payments	$	92	$	97	$	186	$	195
Variable lease payments	119		119		230		215
Amortization of favorable and unfavorable income lease contracts, net	1		1		1		1
Subtotal - lease income from operating leases	212		217		417		411
Earned income on direct financing and sales-type leases	1		3		2		5
Total property revenues	$	213	$	220	$	419	$	416