Current Expected Credit Losses ("CECL") (Tables)

3 Months Ended

Mar. 31, 2024

Credit Loss [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Receivables due from distributors are related to the sale of proprietary products to franchisees through the Company’s network of suppliers and distributors and are included as part of Other receivables.

	March 31, 2024		December 31, 2023
	(In millions)
Accounts receivable	$	72.4	$	68.0
Gift card receivables	6.5		33.7
Notes receivable	14.1		14.9
Financing receivables:
Equipment leases receivable	18.0		19.7
Real estate leases receivable	19.7		18.4
Other receivables	4.8		18.3
	135.5		173.0
Less: allowance for credit losses and notes receivable	(9.4)		(9.5)
	126.1		163.5
Less: current portion	(90.7)		(127.9)
Long-term receivables	$	35.4	$	35.6

Schedule of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses during the three months ended March 31, 2024 were as follows:

	Accounts Receivable		Notes Receivable, short-term		Notes Receivable, long-term		Lease Receivables		Equipment Notes		Other (1)		Total
	(In millions)
Balance, December 31, 2023	$	2.5	$	1.8	$	4.8	$	0.2	$	0.2	$	0.0	$	9.5
Bad debt (credit) expense	0.4		0.1		(0.3)		0.0		0.0		(0.0)		0.2
Advertising provision adjustment	0.0		—		—		—		—		—		0.0
Write-offs	0.0		(0.3)		—		—		—		—		(0.3)
Balance, March 31, 2024	$	2.9	$	1.6	$	4.5	$	0.2	$	0.2	$	0.0	$	9.4

(1) Primarily distributor receivables, gift card receivables and credit card receivables.

Financing Receivable Credit Quality Indicators

The year of origination of the Company's financing receivables at March 31, 2024 is as follows:

	Notes Receivable, short and long-term		Lease Receivables		Equipment Receivables		Total
	(In millions)
2024	$	0.0	$	2.0	$	0.0	$	2.0
2023	5.6		3.5		0.9		10.0
2022	0.8		8.0		—		8.8
2021	7.5		2.2		—		9.7
2020	0.2		1.2		—		1.4
Prior	0.0		2.8		17.1		19.9
Total	$	14.1	$	19.7	$	18.0	$	51.8