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Restaurant Information
 6 Months Ended
Jun. 30, 2017
Disclosure Restaurant Information By Ownership Type [Abstract]  
Restaurant Information Restaurant Information
The following table presents restaurant information by ownership type:
Restaurants at June 30,
2017
 
2016
Conventional franchised
21,317

 
21,329

Developmental licensed
7,263

 
5,674

Foreign affiliated
3,356

 
3,364

Total Franchised
31,936

 
30,367

Company-operated
5,075

 
6,137

Systemwide restaurants
37,011

 
36,504


The results of operations of restaurant businesses purchased and sold in transactions with franchisees were not material either individually or in the aggregate to the condensed consolidated financial statements for the periods prior to purchase and sale.
On July 31, 2017, the Company completed the transaction to sell its existing businesses in China and Hong Kong, comprising over 2,700 restaurants, of which about 1,800 were Company-operated restaurants, to a developmental licensee organization. Under the terms of the agreement, the Company will retain a 20% ownership in the business, and as such, will report results for China and Hong Kong as an affiliate post-closing. For further details on the transaction, refer to the Subsequent Events footnote. As of July 31, 2017, over 90% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.