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Revenues | 9 Months Ended
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Sep. 30, 2018
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | Revenues The Company’s revenues consist of sales by Company-operated restaurants and fees from franchised restaurants operated by conventional franchisees, developmental licensees and foreign affiliates. Revenues from conventional franchised restaurants include rent and royalties based on a percent of sales with minimum rent payments, and initial fees. Revenues from restaurants licensed to foreign affiliates and developmental licensees include a royalty based on a percent of sales, and may include initial fees. ASC 606 provides that revenues are to be recognized when control of promised goods or services is transferred to a customer in an amount that reflects the consideration expected to be received for those goods or services. This standard does not impact the Company's recognition of revenue from Company-operated restaurants as those sales are recognized on a cash basis at the time of the underlying sale and are presented net of sales tax and other sales-related taxes. The standard also does not change the recognition of royalties from restaurants operated by franchisees or licensed to affiliates and developmental licensees, which are based on a percent of sales and recognized at the time the underlying sales occur. Rental income from restaurants operated by conventional franchisees is also not impacted by this standard as those revenues are subject to the guidance in ASC 840, "Leases." The standard does change the timing in which the Company recognizes initial fees from franchisees for new restaurant openings and new franchise terms. The Company's accounting policy through December 31, 2017, was to recognize initial franchise fees when received, upon a new restaurant opening and at the start of a new franchise term. Beginning in January 2018, initial franchise fees are being recognized as the Company satisfies the performance obligation over the franchise term, which is generally 20 years. The Company adopted ASC 606 as of January 1, 2018, using the modified retrospective method. This method allows the standard to be applied retrospectively through a cumulative catch up adjustment recognized upon adoption. As such, comparative information in the Company’s financial statements has not been restated and continues to be reported under the accounting standards in effect for those periods. The cumulative adjustment recorded upon adoption of ASC 606 consisted of deferred revenue of approximately $600 million within long-term liabilities and approximately $150 million of associated adjustments to the deferred tax balances which are recorded in Deferred income taxes and Miscellaneous other assets on the condensed consolidated balance sheet. The following table presents revenue disaggregated by revenue source (in millions):
|  | Quarters Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2018 |  |  | 2017 |  |  | 2018 |  | 2017 |
Company-operated sales |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 637.3 |  |  | $ | 798.7 |  |  | $ | 2,042.8 |  |  | $ | 2,483.8 |
International Lead Markets |  | 992.3 |  |  | 1,076.3 |  |  | 3,022.1 |  |  | 3,038.9 |
High Growth Markets |  | 737.8 |  |  | 1,054.9 |  |  | 2,170.7 |  |  | 3,859.5 |
Foundational Markets & Corporate |  | 143.6 |  |  | 134.4 |  |  | 405.9 |  |  | 663.6 |
Total |  | $ | 2,511.0 |  |  | $ | 3,064.3 |  |  | $ | 7,641.5 |  |  | $ | 10,045.8 |
Franchised revenues |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,292.7 |  |  | $ | 1,224.6 |  |  | $ | 3,715.6 |  |  | $ | 3,516.9 |
International Lead Markets |  | 948.2 |  |  | 894.2 |  |  | 2,726.8 |  |  | 2,388.3 |
High Growth Markets |  | 302.4 |  |  | 267.2 |  |  | 855.7 |  |  | 679.0 |
Foundational Markets & Corporate |  | 315.1 |  |  | 304.3 |  |  | 922.6 |  |  | 850.2 |
Total* |  | $ | 2,858.4 |  |  | $ | 2,690.3 |  |  | $ | 8,220.7 |  |  | $ | 7,434.4 |
Total revenues |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,930.0 |  |  | $ | 2,023.3 |  |  | $ | 5,758.4 |  |  | $ | 6,000.7 |
International Lead Markets |  | 1,940.5 |  |  | 1,970.5 |  |  | 5,748.9 |  |  | 5,427.2 |
High Growth Markets |  | 1,040.2 |  |  | 1,322.1 |  |  | 3,026.4 |  |  | 4,538.5 |
Foundational Markets & Corporate |  | 458.7 |  |  | 438.7 |  |  | 1,328.5 |  |  | 1,513.8 |
Total |  | $ | 5,369.4 |  |  | $ | 5,754.6 |  |  | $ | 15,862.2 |  |  | $ | 17,480.2 |
* The Company expects the application of ASC 606 to negatively impact 2018 annual franchised revenues by approximately $50 million. Results for the quarter and nine months ended September 30, 2018, reflected an impact of approximately $10 million and $25 million, respectively, due to the timing of new restaurant openings and new franchise terms.

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- References No definition available. + Details
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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