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v3.5.0.2

Condensed Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Revenues |  |  |  |
Sales by Company-operated restaurants | $ 3,972.1 | $ 4,282.9 | $ 11,642.2 | $ 12,458.1
Revenues from franchised restaurants | 2,452.0 | 2,332.2 | 6,950.8 | 6,613.6
Total revenues | 6,424.1 | 6,615.1 | 18,593.0 | 19,071.7
Operating costs and expenses |  |  |  |
Company-operated restaurant expenses | 3,239.5 | 3,607.7 | 9,662.9 | 10,558.3
Franchised restaurants-occupancy expenses | 437.6 | 416.1 | 1,283.6 | 1,230.7
Selling, general & administrative expenses | 582.9 | 584.0 | 1,757.0 | 1,759.2
Other operating (income) expense, net | 26.8 | (23.0) | 114.0 | 258.4
Total operating costs and expenses | 4,286.8 | 4,584.8 | 12,817.5 | 13,806.6
Operating income | 2,137.3 | 2,030.3 | 5,775.5 | 5,265.1
Interest expense | 221.4 | 160.9 | 663.6 | 457.4
Nonoperating (income) expense, net | 11.4 | (9.0) | (19.2) | (37.2)
Income before provision for income taxes | 1,904.5 | 1,878.4 | 5,131.1 | 4,844.9
Provision for income taxes | 629.1 | 569.2 | 1,638.0 | 1,521.8
Net income | $ 1,275.4 | $ 1,309.2 | $ 3,493.1 | $ 3,323.1
Earnings per common share-basic | $ 1.52 | $ 1.41 | $ 4.04 | $ 3.51
Earnings per common share-diluted | 1.50 | 1.40 | 4.01 | 3.49
Dividends declared per common share | $ 0.89 | $ 0.85 | $ 2.67 | $ 2.55
Weighted average shares outstanding-basic | 841.4 | 930.3 | 864.7 | 947.9
Weighted average shares outstanding-diluted | 847.7 | 934.8 | 871.8 | 952.7

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