Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Change in Contract Liabilities

The following table reflects the change in contract liabilities on a consolidated basis between December 31, 2023 and June 30, 2024 (in millions):

Contract Liabilities
Balance at December 31, 2023	$	555
Recognized during period and included in the contract liability balance at the beginning of the year	(34)
Increase, excluding amounts recognized as revenue during the period	25
Effective settlement of pre-existing contract liabilities in connection with Carrols Acquisition	(21)
Impact of foreign currency translation	(6)
Balance at June 30, 2024	$	519

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) on a consolidated basis as of June 30, 2024 (in millions):

Contract liabilities expected to be recognized in
Remainder of 2024	$	27
2025	53
2026	49
2027	46
2028	43
Thereafter	301
Total	$	519

Schedule of Disaggregation of Total Revenues

The following tables disaggregate revenue by segment (in millions):

	Three Months Ended June 30, 2024
	TH		BK		PLK		FHS		INTL		RH		ELIM (a)		Total
Supply chain sales	$	682	$	—	$	—	$	—	$	—	$	—	$	—	$	682
Company restaurant sales	11		63		33		10		—		230		—		347
Royalties	86		122		76		19		200		—		(10)		493
Property revenues	160		52		4		—		1		—		(4)		213
Franchise fees and other revenue	13		3		5		8		12		—		—		41
Advertising revenues and other services	78		124		76		16		20		—		(10)		304
Total revenues	$	1,030	$	364	$	194	$	53	$	233	$	230	$	(24)	$	2,080

(a)Represents elimination of intersegment revenues that consists of royalties, property and advertising and other services revenue recognized by BK from intersegment transactions with RH.

	Six Months Ended June 30, 2024
	TH		BK		PLK		FHS		INTL		RH		ELIM (a)		Total
Supply chain sales	$	1,309	$	—	$	—	$	—	$	—	$	—	$	—	$	1,309
Company restaurant sales	22		121		56		20		—		230		—		449
Royalties	163		238		151		36		388		—		(10)		966
Property revenues	307		108		7		—		1		—		(4)		419
Franchise fees and other revenue	20		6		7		16		25		—		—		74
Advertising revenues and other services	148		241		151		31		41		—		(10)		602
Total revenues	$	1,969	$	714	$	372	$	103	$	455	$	230	$	(24)	$	3,819

	Three Months Ended June 30, 2023
	TH		BK		PLK		FHS		INTL		Total
Supply chain sales	$	676	$	—	$	—	$	—	$	—	$	676
Company restaurant sales	12		24		22		10		—		68
Royalties	83		125		73		18		192		491
Property revenues	158		58		4		—		—		220
Franchise fees and other revenue	6		3		5		6		11		31
Advertising revenues and other services	73		117		69		14		16		289
Total revenues	$	1,008	$	327	$	173	$	48	$	219	$	1,775

	Six Months Ended June 30, 2023
	TH		BK		PLK		FHS		INTL		Total
Supply chain sales	$	1,283	$	—	$	—	$	—	$	—	$	1,283
Company restaurant sales	23		43		43		20		—		129
Royalties	154		238		141		35		365		933
Property revenues	295		113		7		—		1		416
Franchise fees and other revenue	11		7		7		12		24		61
Advertising revenues and other services	135		223		135		18		32		543
Total revenues	$	1,901	$	624	$	333	$	85	$	422	$	3,365