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Franchise Arrangements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Disclosure Franchise Arrangements Additional Information [Abstract]

Revenues from Franchised Restaurants

Revenues from franchised restaurants consisted of:

	Quarters Ended								Six Months Ended
	June 30,								June 30,
In millions	2019				2018				2019				2018
Rents	$	1,898.6			$	1,776.4			$	3,646.2			$	3,437.7
Royalties	1,031.8				972.7				1,988.5				1,904.7
Initial fees	10.5				9.9				21.3				19.9
Revenues from franchised restaurants	$	2,940.9			$	2,759.0			$	5,656.0			$	5,362.3

Schedule of Future Minimum Rental Payments for Operating Leases

As of June 30, 2019, future gross minimum rent payments due to the Company under existing conventional franchise arrangements were:

In millions		Owned sites				Leased sites				Total
2019		$	788.8			$	727.2			$	1,516.0
2020		1,534.5				1,405.5				2,940.0
2021		1,476.9				1,335.6				2,812.5
2022		1,412.7				1,262.7				2,675.4
2023		1,357.7				1,201.1				2,558.8
Thereafter		12,161.4				9,689.3				21,850.7
Total minimum payments		$	18,732.0			$	15,621.4			$	34,353.4

As of December 31, 2018, future minimum payments required under existing operating leases with initial terms of one year or more were:

In millions	Restaurant					Other				Total *
2019		$	1,093.4			$	51.3			$	1,144.7
2020		1,032.1				51.0				1,083.1
2021		955.5				45.7				1,001.2
2022		873.8				35.7				909.5
2023		806.0				24.6				830.6
Thereafter		7,132.3				164.9				7,297.2
Total minimum payments		$	11,893.1			$	373.2			$	12,266.3

*

Future minimum payments exclude option periods that have not yet been exercised.

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Disclosure Franchise Arrangements Additional Information [Abstract]

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Schedule of franchise revenue

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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