Segment Information

3 Months Ended

Mar. 31, 2018

The Company franchises and operates McDonald’s restaurants in the global restaurant industry. The following reporting segments reflect how management reviews and evaluates operating performance.


•	U.S. - the Company's largest segment


•	International Lead Markets - established markets including Australia, Canada, France, Germany, the U.K. and related markets


•	High Growth Markets - markets the Company believes have relatively higher restaurant expansion and franchising potential including China, Italy, South Korea, Poland, Russia, Spain, Switzerland, the Netherlands and related markets


•	Foundational Markets & Corporate - the remaining markets in the McDonald's system, most of which operate under a largely franchised model. Corporate activities are also reported within this segment

The following table presents the Company’s revenues and operating income by segment:



	Quarters Ended
	March 31,
In millions	2018		2017
Revenues
U.S.	$	1,867.2	$	1,929.0
International Lead Markets	1,877.5		1,643.5
High Growth Markets	972.2		1,537.2
Foundational Markets & Corporate	422.0		566.2
Total revenues	$	5,138.9	$	5,675.9
Operating Income
U.S.	$	998.0	$	947.9
International Lead Markets	809.7		666.6
High Growth Markets	234.3		300.7
Foundational Markets & Corporate	101.1		118.8
Total operating income	$	2,143.1	$	2,034.0