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v3.10.0.1

Condensed Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Revenues |  |  |  |
Sales by Company-operated restaurants | $ 2,594.9 | $ 3,569.6 | $ 5,130.5 | $ 6,981.5
Revenues from franchised restaurants | 2,759.0 | 2,480.1 | 5,362.3 | 4,744.1
Total revenues | 5,353.9 | 6,049.7 | 10,492.8 | 11,725.6
Operating costs and expenses |  |  |  |
Company-operated restaurant expenses | 2,130.5 | 2,903.3 | 4,261.4 | 5,719.7
Franchised restaurants-occupancy expenses | 483.9 | 438.0 | 964.2 | 868.1
Selling, general & administrative expenses | 542.1 | 525.4 | 1,075.2 | 1,046.7
Other operating (income) expense, net | (64.9) | (112.1) | (213.4) | (238.0)
Total operating costs and expenses | 3,091.6 | 3,754.6 | 6,087.4 | 7,396.5
Operating income | 2,262.3 | 2,295.1 | 4,405.4 | 4,329.1
Interest expense | 240.2 | 230.9 | 477.0 | 449.5
Nonoperating (income) expense, net | 4.0 | 2.8 | 22.4 | 10.7
Income before provision for income taxes | 2,018.1 | 2,061.4 | 3,906.0 | 3,868.9
Provision for income taxes | 521.8 | 666.3 | 1,034.3 | 1,259.0
Net income | $ 1,496.3 | $ 1,395.1 | $ 2,871.7 | $ 2,609.9
Earnings per common share-basic | $ 1.92 | $ 1.72 | $ 3.66 | $ 3.20
Earnings per common share-diluted | 1.90 | 1.70 | 3.62 | 3.17
Dividends declared per common share | $ 1.01 | $ 0.94 | $ 2.02 | $ 1.88
Weighted average shares outstanding-basic | 780.0 | 811.6 | 785.4 | 815.2
Weighted average shares outstanding-diluted | 787.1 | 819.2 | 793.0 | 822.3

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