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Condensed Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Sales by Company-operated restaurants $ 2,416.6 $ 2,511.0 $ 7,057.5 $ 7,641.5
Revenues from franchised restaurants 3,014.0 2,858.4 8,670.0 8,220.7
Total revenues 5,430.6 5,369.4 15,727.5 15,862.2
Operating costs and expenses        
Company-operated restaurant expenses 1,967.7 2,047.9 5,821.0 6,309.3
Franchised restaurants-occupancy expenses 559.5 499.4 1,637.3 1,463.6
Selling, general & administrative expenses 543.6 515.2 1,575.8 1,590.4
Other operating (income) expense, net (49.5) (110.8) (83.8) (324.2)
Total operating costs and expenses 3,021.3 2,951.7 8,950.3 9,039.1
Operating income 2,409.3 2,417.7 6,777.2 6,823.1
Interest expense 280.6 250.1 838.9 727.1
Nonoperating (income) expense, net (23.5) 8.9 (53.0) 31.3
Income before provision for income taxes 2,152.2 2,158.7 5,991.3 6,064.7
Provision for income taxes 544.3 521.4 1,538.1 1,555.7
Net income $ 1,607.9 $ 1,637.3 $ 4,453.2 $ 4,509.0
Earnings per common share-basic $ 2.13 $ 2.12 $ 5.85 $ 5.77
Earnings per common share-diluted 2.11 2.10 5.80 5.72
Dividends declared per common share $ 2.41 $ 2.17 $ 4.73 $ 4.19
Weighted average shares outstanding-basic 756.6 772.8 761.1 781.2
Weighted average shares outstanding-diluted 763.9 779.6 768.1 788.5