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Segment Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Information

Segment Information

On February 25, 2019, the Company provided investors with segment summary financial information and other data in accordance with its new organizational structure for the previously reported years ended December 31, 2016 through 2018 and quarters ended March 31, 2018 through December 31, 2018. Effective January 1, 2019, the Company operates under an organizational structure with the following global business segments reflecting how management reviews and evaluates operating performance:

• U.S. - the Company's largest market.

• International Operated Markets - comprised of wholly-owned markets, or countries in which the Company operates restaurants, including Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain and the U.K.

• International Developmental Licensed Markets & Corporate - comprised of primarily developmental licensee and affiliate markets in the McDonald’s system. Corporate activities are also reported within this segment.

In April 2019, the Company completed the acquisition of Dynamic Yield and the related financial performance which is reflected within the International Developmental Licensed Markets & Corporate segment from the date of acquisition.

The following table presents the Company’s revenues and operating income by segment:

	Quarters Ended								Six Months Ended
	June 30,								June 30,
In millions	2019				2018				2019				2018
Revenues
U.S.	$	2,007.6			$	1,961.2			$	3,853.8			$	3,828.4
International Operated Markets	2,884.3				2,936.4				5,547.3				5,746.4
International Developmental Licensed Markets & Corporate	449.4				456.3				895.8				918.0
Total revenues	$	5,341.3			$	5,353.9			$	10,296.9			$	10,492.8
Operating Income
U.S.	$	1,048.8			$	999.2			2,000.7				1,997.2
International Operated Markets	1,218.8				1,189.0				2,266.8				2,238.1
International Developmental Licensed Markets & Corporate	6.3				74.1				100.4				170.1
Total operating income	$	2,273.9			$	2,262.3			4,367.9				4,405.4

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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