Franchise Arrangements (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure Franchise Arrangements Additional Information [Abstract]

Revenues from franchised restaurants consisted of:



In millions	2016		2015		2014
Rents	$	6,107.6	$	5,860.6	$	6,106.7
Royalties	3,129.9		2,980.7		3,085.1
Initial fees	89.4		83.4		80.2
Revenues from franchised restaurants	$	9,326.9	$	8,924.7	$	9,272.0

Future Minimum Payments

Future gross minimum rent payments due to the Company under existing franchise arrangements are:



In millions	Owned sites			Leased sites		Total (1)
2017		$	1,319.1	$	1,370.5	$	2,689.6
2018		1,290.6		1,327.0		2,617.6
2019		1,261.0		1,279.1		2,540.1
2020		1,219.9		1,205.9		2,425.8
2021		1,167.5		1,127.4		2,294.9
Thereafter		10,018.5		8,745.2		18,763.7
Total minimum payments		$	16,276.6	$	15,055.1	$	31,331.7

(1) Includes future gross minimum rent payments due to the Company from businesses in markets considered held for sale as of the date of the Company's filing of this report on Form 10-K. These rent payments per year (in millions) are as follows: 2017- $91.8; 2018- $90.6; 2019- $87.2; 2020- $84.5; 2021- $81.3; Thereafter- $589.2.

Future minimum payments required under existing operating leases with initial terms of one year or more are:



In millions	Restaurant			Other			Total (1)
2017		$	1,233.6		$	69.4	$	1,303.0
2018		1,139.4			60.5		1,199.9
2019		1,049.9			52.6		1,102.5
2020		957.5			43.3		1,000.8
2021		854.6			37.3		891.9
Thereafter		6,644.1			110.3		6,754.4
Total minimum payments		$	11,879.1		$	373.4	$	12,252.5

(1) Includes future minimum lease payments for businesses in markets considered held for sale as of the date of the Company's filing of this report on Form 10-K. These lease payments per year (in millions) are as follows: 2017- $251.1; 2018- $206.7; 2019- $178.6; 2020- $157.3; 2021- $136.4; Thereafter- $593.3.