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Cash, Cash Equivalents and Restricted Cash
 6 Months Ended
Jun. 30, 2023
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents and Restricted Cash Cash, Cash Equivalents and Restricted Cash
Cash and Cash Equivalents
The Company considers all highly liquid investment securities with remaining maturities at the date of purchase of three months or less to be cash equivalents. These cash equivalents are stated at cost which approximates market value. Cash held related to IHOP advertising funds and the Company's gift card programs is not considered to be restricted cash as there are no restrictions on the use of these funds.
The components of cash and cash equivalents were as follows:

June 30, 2023December 31, 2022
 (In millions)
Money market funds$3.0 $75.0 
IHOP advertising funds and gift card programs73.5 96.7 
Other depository accounts21.5 98.0 
Total cash and cash equivalents$98.0 $269.7 
Current Restricted Cash
Current restricted cash primarily consisted of funds required to be held in trust in connection with the Company's securitized debt and funds from Applebee's franchisees pursuant to franchise agreements, usage of which was restricted to advertising activities.
The components of current restricted cash were as follows:

June 30, 2023December 31, 2022
 (In millions)
Securitized debt reserves$33.8 $32.4 
Applebee's advertising funds4.1 5.4 
Other 1.4 1.1 
Total current restricted cash$39.4 $38.9 
Non-current Restricted Cash
Non-current restricted cash was $19.5 million and $16.4 million at June 30, 2023 and December 31, 2022, respectively, and represents interest reserves required to be set aside for the duration of the Company's securitized debt.