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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarters ended
December 31
 
 
 
Quarters ended
September 30
 
 
 
Quarters ended
June 30
 
 
 
Quarters ended
March 31
 
In millions, except per share data
 
2018

 
2017

 
 
2018

 
2017

 
 
2018

 
2017

 
 
2018

 
2017

Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sales by Company-operated restaurants
 
$
2,371.2

 
$
2,673.1

 
 
$
2,511.0

  
$
3,064.3

  
 
$
2,594.9

 
$
3,569.6

 
 
$
2,535.6

 
$
3,411.9

Revenues from franchised
restaurants
 
2,791.8

 
2,667.1

 
 
2,858.4

  
2,690.3

  
 
2,759.0

 
2,480.1

 
 
2,603.3

 
2,264.0

Total revenues
 
5,163.0

 
5,340.2

 
 
5,369.4

  
5,754.6

  
 
5,353.9

 
6,049.7

 
 
5,138.9

 
5,675.9

Company-operated margin
 
414.6

 
463.0

 
 
463.1

  
584.5

  
 
464.4

 
666.3

 
 
404.7

 
595.5

Franchised margin
 
2,282.1

 
2,202.5

 
 
2,359.0

  
2,233.0

  
 
2,275.1

 
2,042.1

 
 
2,123.0

 
1,833.9

Operating income
 
1,999.5

 
2,144.2

 
 
2,417.7

  
3,079.4

  
 
2,262.3

 
2,295.1

 
 
2,143.1

 
2,034.0

Net income
 
$
1,415.3

 
$
698.7

 
 
$
1,637.3

  
$
1,883.7

  
 
$
1,496.3

 
$
1,395.1

 
 
$
1,375.4

 
$
1,214.8

Earnings per common
share—basic
 
$
1.84

 
$
0.88

 
 
$
2.12

  
$
2.34

  
 
$
1.92

 
$
1.72

 
 
$
1.74

 
$
1.48

Earnings per common
share—diluted
 
$
1.82

 
$
0.87

 
 
$
2.10

  
$
2.32

  
 
$
1.90

 
$
1.70

 
 
$
1.72

 
$
1.47

Dividends declared per
common share
 
$

 
$

 
 
$
2.17

(1) 
$
1.95

(1) 
 
$
1.01

 
$
0.94

 
 
$
1.01

 
$
0.94

Weighted-average
common shares—basic
 
769.5

 
794.3

 
 
772.8

  
805.3

  
 
780.0

 
811.6

 
 
790.9

 
818.8

Weighted-average
common shares—diluted
 
776.6

 
803.0

 
 
779.6

  
813.5

  
 
787.1

 
819.2

 
 
798.7

 
825.2


(1) Includes a $1.01 and $0.94 per share dividend declared and paid in third quarter of 2018 and 2017, respectively, and a $1.16 and $1.01 per share dividend declared in the third quarter and paid in fourth quarter of 2018 and 2017, respectively.